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2023-12-31-accounts

REGISTERED COMPANY NUMBER: 03011755 (England and Wales)
REGISTERED CHARITY NUMBER: 1079866

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Earthworks Trust Limited

Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA

Earthworks Trust Limited

Contents of the Financial Statements

for the Year Ended 31 December 2023

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 28
Detailed Statement of Financial Activities 29 to 30 
Earthworks Trust Limited

Report of the Trustees for the Year Ended 31 December 2023

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2023.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The mission statement of Earthworks Trust is:

Todemonstrate,developandpromoteknowledge,skillsandlifestylesthatimprovepeople'squalityoflife without
damaging the local or global environment.

Inpursuingthismission,weaimtobeadynamicforceforchange,creatingenjoyablepracticallearning experiences
for environmentally sustainable living.

Wehavebeenre-wildingpartofthisformerMinistryofDefencebaseforthepast28years,transformingitinto a
place where people and nature thrive. The Centre is spread across 55 acres of woodland and natural chalk downland.

We are owned by the Earthworks Trust, a charity established in 1995 to set up and operate our site.

We aim to manageourland,ourcharityandourbusinessesas workingexamplesof authenticsustainability.We walk
ourtalkandsharewhatweknow.Wepracticeandpromotesustainabilityasaprocessofmakingdecisions which
balance economic, social and environmental factors for positive benefit.

We welcomefamiliesandschools;professionalsandspecialinterestgroups;walkersandcyclistson the South Downs
Way;childrenandyoungpeople;andsimplyanyonewithaninterestinwhatwedo.Wehostedover3,000 school
agedyoungpeoplehereeveryyear;over3,500adultsattendingourspecialistcourses.We haveregular volunteering
groupswhohelpmanageourgardensandgrounds.Throughourvolunteeringprogrammesweprovidesupport to
people to create positive mental health outcomes.

Wehaveavarietyofenterpriseactivitieswhichsupportthedeliveryofourcharitableaimsandworkin partnership
with a number of other organisations and projects to extend the delivery of our mission.

Public benefit

The Charitymanagesits site, facilities,learningprogrammes,events,projectsandassets to maximisepublicbenefit in
the delivery of its mission.

- We deliver learning opportunities for young people and adult learners throughout the year.
- We offeropportunitiesforvolunteersto supporttheworkof thecharityina varietyof ways.Thisincludes practical
hands-on tasks, support to events, office and administration as well as Trustees and advisors.

- We manage our land, our charity and our businesses as working examples of sustainability.

-Wepracticeandpromotesustainabilityasaprocessofmakingdecisionswhichbalanceeconomic,social and
environmental factors for positive benefit.

-Our55acresite-aformerMinistryofDefencetrainingbasecontinuestobemanagedtobenefitbiodiversity and
people.

- Visitors are welcome to enjoy the grounds at no charge.

- We work in partnershipwith other organsationsand projectswho share our ethos,values and aims. This includes on
site partnerships with SMEs and other charities.

-Ourprocurementpolicyisanenablertosupporttheeconomyofourlocalityworkingwithlocalproviders and
services.

Our educationandlearningprogrammesare in greaterdemandsince last year,withunder18s diversifyingto  provide
a greater variety of differentopportunitiesfor small group work and special educationseeing a rise in demand. Nature
therapy, our outdoor volunteering programme, and adult courses continue to thrive.

Page 1

Earthworks Trust Limited

Report of the Trustees for the Year Ended 31 December 2023

ACHIEVEMENT AND PERFORMANCE

TheCharitymaintainsthelandandpropertyattheSustainabilityCentreanditsreceiptsconsistmainlyof rent;
covenanteddonationsfromtheSouthDownsNaturalBurialSite;anddonationsfromothercharities,grant giving
organisations and individuals.

Anumberofsignificantcapitalprojectsremainindevelopmentastheywillrelyheavilyonsuccessfully attracting
external grant aid or funding.

Thereisapressingneedtoundertakemajorcapitalimprovementworkstoourmainbuildingtorepair, improve
facilities and update services. We continue to invest in reducing our energy and CO2 consumption and footprint.

Key Activities

ThisyearhasseenTheSustainabilityCentrefocusonmovingfromsurvivingtothriving.Themajorecoretrofit works
to extend our overnight accommodation facilities was completed and fully opened to guests and groups.

Partnershipworkinganddeliveryofservicesinpartnershipwithothersenabledustodevelopanddeliver some
outreach and online services.

We have reviewed our priorities and strategic plan.

Responding to Changing Times

In 2019 we launched with key components of:

In 2020/2021,we succeeded in achievingthe first of these steps and are delightedto have our South Downs Eco  Lodge
BedandBreakfastupandrunning.Thefeedbackfromguestsshowsthatweareofferingsomethingspecial to
walkers/cyclists and people seeking a retreat from the hustle and bustle of everyday living.

Thenextstepinourlong-termplanwastocreatea NewLearningCentre.Thecostsofdoingthishasspiralledand it
looksas if we wouldneedto raise£3.5millionto makeit happen.Thismadeus sitandthink- "is thisreallywhat we
should be doing?"

The experienceof livingthroughand survivingthe lockdownassociatedwith the pandemichas had a big impacton all
ofourlives.Manypeople,organisationsandcommunitieshavere-examinedhowweliveandworkaswellas the
importance of nature and wild spaces.

There is also a growingawarenessof the challengesof a rapidlychangingclimateand resourcetippingpointsthat are
being breached. It is obvious that we need to find a better balance in harmony with nature.

A New Direction

With this broadercontextin mind, we have re-examinedourselvesand what we can do to supportthis wider need for
change.Werecognisethatbeingadynamicforceforchangeandabeaconforsustainabilityinthesouth-east of
Englanddoes not necessarilyentaila physicallandmarkof an exemplarnaturalbuildingthat our New Learning Centre
aspired to deliver.

What we do know is that the work we do and the services that our Charityoffers have the greatestpotentialto affect
real change in people's lives.

Thespecialqualitiesof our55 acresitesupportstheexperienceof allthatwe dohere,so findinga balance between
numbers of visitors and their physical impact on our land also deserves careful consideration too.

The Solution

Page 2

Earthworks Trust Limited

Report of the Trustees for the Year Ended 31 December 2023

Wequicklyrealisedthatbydivertingourresourcestoafundraisingcampaigntoraise£3.5mtoachieve this
state-of-the-artbuilding,wewouldmissoutonopportunitiestobeadynamicforceforchange.Soweput our
creativity to work and have come up with a much better solution.

Bychangingtheinternallayoutofourexistingbuilding,wecancreateenoughspacewiththeexisting building
footprinttoprovidetheadditionalclassroom,communityspaces,exhibitionandinterpretationareasweneed. This
will reduce the cost of the building project dramatically and largely avoid the need for disruptive site works.

Governance

- Welcomed new Trustees to The Board to broaden skills and expertise available to the Charity.

-AcknowledgedthevaluablecontributionmadebyChairandViceChairoftheBoardaswellasthe Executive
Committee.

- Continued to deliver quality outputs in accounting and reporting to the Board of Trustees.

- Continuedto maintainhighstandardsof scrutinyandmanagementof the Charityandits associatedenterprises and
assets.

Social

- Continuedto supportand deliver learningopportunitiesin an imaginativeand creative way to deliver the aims of  the
charity.

- Offered training opportunities for adults through our courses programme.

- Worked in partnership with others to achieve shared goals and develop mutual interests.

- Welcomed groups and individuals to enjoy our campsite with full unrestricted service resumed.

- Supported the learning and development of our own staff and volunteers.

Environmental

- Continued to manage our site to maintain and enhance its biodiversity.

-Providedopportunitiesforpeopletoappreciatethenaturalbeautyofoursiteandsurroundingareaofthe South
Downs National Park.

- Workedin PartnershipwithSouthDownsNationalParkto supportprojectsandinitiativesthroughtheir Sustainable
Communities Grant Fund.

- Offered advice to communityprojectsand other organisationsaboutorganisationaldevelopment,practical solutions
and retrofit of the built environment.

- Provided access to visitors to our 55 acre site.

- Continued to maintain consideration of the impact of our own activities on the local and global environment.

Capital Improvement Programme

-Ourplannedprogrammeofcapitalimprovementsworkscontinuestomoveforwardwithonemajorbuilding still
needinga completeupdateand refurbishment.Major capitalworks to the SouthDowns Eco Lodge were completed in
2022.A new focusof prioritiesinformsandguidesournext phaseof capitalbuildingworksin linewithresponding to
changing times.

Training and Development

-Trainingandskillsdevelopmentintheenvironmentalandsustainabledevelopmentsectorcontinuestobe an
important area.

Page 3

Earthworks Trust Limited

Report of the Trustees for the Year Ended 31 December 2023

Growth and Development

-Under18seducationprogrammecontinuestobemuchindemandbothfordayvisitsandresidentialcourses. Our
priority capital improvement project seeks to respond to this need by providing a dedicated under 18s learning zone.
- The Young NaturalAmbassadorsProgrammecontinuesto be supportedby a bursaryto supportthe trainingof  under
25s. Additional funding continues to be sought to extend this much valued programme.

-Ourprogrammeforadultlearninghasbeenfurtherdevelopedsoweareabletoofferagreatervarietyof short
courses. Online bookings and improved marketing support high levels of bookings.

- Accommodationbookingscontinueto show a steadydemand.The completionof the eco retrofitof the east wing of
TheSouthDownsEcoLodgeextendstheovernightaccommodationoptionsforgroups,individualsandeco tourism
and delivers on an important element of our vision for growth.

- An integratedmarketingandpromotionalstrategycontinuesto fostersharedmarketingacrossthe organisation has
beenachieved.Ourwebsitecontinuestobedesignedandadministeredin-houseandgrowsalongsideour own
development.

Partnership working

The SustainabilityCentrecontinuesto workinpartnershipwitha numberof organisationsthatarehousedonsite to
extendthe reach of our own capacity.Their aims and key activitiescontributesomethingsignificantin additionto our
ownactivitiesandprogrammes.Wenurtureandsupportthedevelopmentofsmallbusinesseswhoshareour ethos
and values.

-FitzroyRuralSkillsProject-asocialenterpriseprojecttoengageadultswithlearningdisabilitiesin practical
work-based activities.

- Beech Café - Organic, fair-trade café and caterers.

-TheGreeningCampaign-CommunitiesRespondingtoChallengesofaChangingClimate-ourrolewithin this
partnership is to lead the retrofit pillar.

-NationalEnergyFoundation-HampshireRedressProject-pilotingWholeHouseRetrofitService-ourrolewas to
guide and support a legacy service.

South Downs Natural Burials

SouthDownsNaturalBurialSitecontinuestobea majorcontributoroffundsthisyearwith£392,773covenanted to
Earthworks Trust.

The site is highly regarded and the service given by the staff contributes to the site's recognition as an exemplar.

FINANCIAL REVIEW

Grants and Donations

TheTrusthasreceivedanumberofgrantsanddonationsduringthisperiodincludingsponsorshipofkeyevents and
capital projects. These include:

o Grants from East Hants District Council - £100 volunteer seeds and £1,000 towards smoothie bikes.

o Greening Campaign - £8,750 project deliverables.

o NEF Redress Project - £5,000 project deliverables.

o Gift Aid: £6.25.

o Sustainability Centre Friends £3,587.

o Legacy donation £10,000.

Page 4

Earthworks Trust Limited

Report of the Trustees for the Year Ended 31 December 2023

FINANCIAL REVIEW

Reserves policy

ReservesaremanagedinaccordancewiththeReservesPolicyofthecharitywhichisintegratedintothe budget
setting and management processes.

The Charity holds the following Funds:

Designated Funds

£187,500  for capital projects held in Co-op deposit account.

£86,600for2monthsoperationalreserve.Thesefundsareheldinaccordancewithourpolicytohold2 months
operationalcostsinreservetoensurefinancialandoperationalstability.ThesefundsareheldinaTriodos deposit
account

Allocated Funds - £118,218

Thisisallocatedforessentialfuturespendingtomeetfuturesitemanagementandburialcommitmentsarising from
pre-soldplotsontheSouthDownsNaturalBurialsSite.ThesefundsareheldinCCLA'scharitiesinvestmentand fixed
interest funds.

FUTURE PLANS

The Charity aims to:

o Uphold its core aims and principles going forward.

o Integrate growth and development in a sustainable manner.

o Identify opportunities to develop and showcase its aims in projects/partnerships/programmes.

The principalgrowtharea for the charityin the forthcomingperiodwill be completinga phasedcapital improvements
programmetothebuiltinfrastructure.Thepriorityhasbeenidentifiedastheeco-retrofitofourexisting education
andadministrationbuilding.Planningapprovalhasbeengrantedfortheseworks.Alongsidethis,wewillneed to
increase our capacity to raise funds from external sources.

Extendinganddevelopingservicesandpartnershipsto supportwell-beingandnaturetherapyservices,alongside our
immersive education programmes is also prioritised.

Page 5

Earthworks Trust Limited

Report of the Trustees
for the Year Ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution

TheEarthworksTrustisCharityNo.1079866governedbyaTrustDeed.EarthworksTrustLtdisaCompany No.
3011755 governed by its Memorandum and Articles of Association.

EverynewTrusteeisprovidedwithcopiesoftheseoperationaldocuments.Nochangesintheobjectives have
occurredsincethelastannualreport.Thekeyobjectiveisenvironmentaleducationandisenhancedbythe many
practicaldemonstrationareasonsite:eco-renovatedandnewbuildings,renewabletechnology,themanagement of
conservation habitats and gardens, and woodland restoration.

The Trusteesconfirmthat they have referredto the guidancecontainedin the CharityCommission'sgeneral guidance
on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

Equal Opportunity

TheTrusteescoverawiderangeofagesandskillsandwecontinuetoworktowardsextendingadiversegroup of
individuals,thinkingstylesandabalanceddiversity.TheTrusteescarryoutanauditofskillsfromtimetotime and
continuetoencouragetheinclusionofvolunteersinthebroadmixofskillsneededtodevelopthework.Training is
providedtodevelopthemoretraditionalbusiness,professionalandeducationalskillsthataregenerallyprovided by
the Trustees and staff.

Policies and Risk Management

Ahandbookprovidingpolicyandoperationalguidanceisprovidedtoallvolunteers,staffandTrustees. Risk
assessments,healthandsafety,foodhygieneandinductiontrainingareprovidedbystaff.Fundingfortraining is
soughttodevelopbestpracticeandskillsdevelopment.As anon-goingprocess,theTrustees,throughthe Executive
Group,assessthelevelofriskinrelationtogovernance,servicedelivery,employment,healthandsafety, child
protection,financialmanagementandinformationmanagement.The Trusteeskeepunderreviewthe major strategic
businessandoperationrisksthatthecharityandcompanyfaceandensurethatmonitoringsystemshave been
established so that the necessary steps can be taken to lessen risks.

Management and Organisation Structure

ManagementoftheTrust,thetradingarmoftheEarthworksFoundationandSouthDownsNaturalBurial Site,
continuesinaconsolidatedfashion.Managementofallthreeentitiesisdonecentrallyundertheumbrellaof The
SustainabilityCentre.TheTrusteesmeetbi-monthlyandareresponsibleforthestrategicdirectionandoverview of
theworkoftheCharity.TheChairoftheTrustliaiseswithaseniormemberofstaffinordertooversee the
managementoftheCharity.AnominatedExecutiveGroupcontinuestomeeteverymonthtooversee operational
managementandinturnliaiseswiththeboardofDirectorsandkeystafftomaintainacloseworking relationship
with the Company and streamline the decision making process.

Duringthis periodJeff Lane continuedin his positionas the Chairof the Boardof Trusteesand ColinHillyer continued
as Vice Chair.

Appointment of New Trustees

A skills auditassesses skills and trainingneeds in line with priorityactivitieswithinthe businessplan.The  appointment
ofnewTrusteesisundertakeninaccordancewithadoptedguidelinesandprocedures.Thisincludes application,
induction, probationary period and formal adoption as a member of The Board.

Review of Financial Position
We aim to:
- Be self-funding from our own activities.

Page 6

Earthworks Trust Limited

Report of the Trustees for the Year Ended 31 December 2023

-Practiceandpromotesustainabilityasaprocessofmakingdecisionswhichbalanceeconomic,social and
environmental factors for positive benefit.

The Charity maintains the land and property at the Sustainability Centre. Its receipts consist mainly of:

- Rent receipts for buildings and land occupied by tenant partners.

- Covenanted donations from the South Downs Natural Burial Site.

- Income from Eco Lodge and camping.

- Donations from other charities, grant giving organisations and concerned individuals.

Ourdependenceonexternalgrantfundingremainsreduced.However,anyexpansionofrevenuecostsremains a
challenge and therefore a limitation.

Anumberofsignificantprojectsremainindevelopmentastheywillrelyheavilyonsuccessfullyattracting external
grant aid or funding for capital projects.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03011755 (England and Wales)

Registered Charity number

1079866

Registered office

The Sustainability Centre Droxford Road
Droxford Road
East Meon
Petersfield
Hampshire
GU32 1HR

Trustees

P A Ciniglio Chartered Enviromentalist

H M Clarke Company Director
Ms C Crothers Head Of Procurement (appointed 15.6.23)
Ms K Dejong Governance Projects Advisor (appointed 15.6.23)
C R Hillyer Chartered Engineer - Retired
J D Lane Psychotherapist And Consultant
Ms S E Marshall Retired Accountant
Ms J Mckenzie Reward Manager
P Cox
J R Saulet

Independent Examiner

Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA

Page 7

Earthworks Trust Limited

Report of the Trustees for the Year Ended 31 December 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT

Senior member of staff in charge of day to day operations

Ms C M Seaward

STATEMENT OF TRUSTEES' RESPONSIBILITIES

TheTrusteesarerequiredtoprepareaccountsforeachfinancialyear,whichgiveatrueandfairviewofthestate of
affairsofthecharityasattheendofthefinancialyearandofthesurplusordeficitofthecharityfortheperiod. In
preparing those accounts, the Trustees are required to:

- select suitable accounting policies and then apply them consistently.

-arrangeforthepreparationofaccountsonthegoingconcernbasisunlessitisinappropriatetopresumethat the
charity will continue in the business name.

-safeguardtheassetsofthecharityandtakereasonablestepsforthepreventionanddetectionoffraudand other
irregularities.

Guiding Principles of Governance

1.Organisationalpurpose-Theboardisclearaboutthecharity'saimsandensuresthatthesearebeing delivered
effectively and sustainably.

2.Leadership-Everycharityisledbyaneffectiveboardthatprovidesstrategicleadershipinlinewiththe charity's
aims and values.

3. Integrity- The boardacts withintegrity.It adoptsvalues,appliesethicalprinciplesto achievethe charity's purpose.
Theboardisawareoftheimportanceofthepublic'sconfidenceandtrustincharities.Itreflectsthecharity's ethics
and values in everything it does. The trustees undertake their duties with this in mind.

4. Decision-making,risk andcontrol- The boardmakes sure thatits decision-makingprocessesare informed, rigorous
andtimelyandthateffectivedelegation,controlandriskassessmentandmanagementsystemsaresetup and
monitored.

5.Boardeffectiveness-Theboardworksasaneffectiveteam,usingtheappropriatebalanceofskills, experience,
backgrounds and knowledge to make informed decisions.

6.Equality,diversityandinclusion-Theboardhasaclear,agreedandeffectiveapproachtosupporting equality,
diversityand inclusionthroughoutthe organisationand in it is own practice.This approachsupportsgood governance
and delivery of the organisation's charitable purposes.

7. Openness and accountability- The board leads the organisationin being transparentand accountable.The charity is
open in its work, unless there is a good reason for it not to be.

Approved by order of the board of trustees on 15 July 2024 and signed on its behalf by:

Page 8

Earthworks Trust Limited

Report of the Trustees
for the Year Ended 31 December 2023

J D Lane - Trustee

Page 9

Independent Examiner's Report to the Trustees of
Earthworks Trust Limited

Independent examiner's report to the trustees of Earthworks Trust Limited ('the Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2023.

Responsibilities and basis of report

As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006  Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
thatI am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountants in
England and Wales, which is one of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA

Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA

Date: .............................................

Page 10

Earthworks Trust Limited

Statement of Financial Activities

for the Year Ended 31 December 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Charitable activities
6
Charitable activities
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
40,928
8,652
410,543
460,123
368,132
12,463
380,595
79,528
2,663,392
2,742,920		 Restricted
funds
£
44,711
-
-
44,711
40,485
-
40,485
4,226
260,042
264,268		 31.12.23
Total
funds
£
85,639
8,652
410,543
504,834
408,617
12,463
421,080
83,754
2,923,434
3,007,188		 31.12.22
Total
funds
£
125,313
6,767
377,830
509,910
312,131
9,247
321,378
188,532
2,734,902
2,923,434 
The notes form part of these financial statements

Page 11

Earthworks Trust Limited

Balance Sheet

31 December 2023

Notes
FIXED ASSETS
Tangible assets
13
Social investments
14
CURRENT ASSETS
Debtors
15
Cash at bank
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
2,169,266
10,118
2,179,384
542,127
431,392
973,519
(12,729)
960,790
3,140,174
(397,254)
2,742,920		 Restricted
funds
£
51,912
91,454
143,366
-
120,902
120,902
-
120,902
264,268
-
264,268		 31.12.23
Total
funds
£
2,221,178
101,572
2,322,750
542,127
552,294
1,094,421
(12,729)
1,081,692
3,404,442
(397,254)
3,007,188
2,742,920
264,268
3,007,188		 31.12.22
Total
funds
£
2,213,615
91,459
2,305,074
774,587
489,692
1,264,279
(17,729)
1,246,550
3,551,624
(628,190)
2,923,434
2,663,392
260,042
2,923,434		 
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2023.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

Earthworks Trust Limited

Balance Sheet - continued

31 December 2023

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon15July2024and were
signed on its behalf by:

J D Lane - Trustee

The notes form part of these financial statements

Page 13

Earthworks Trust Limited

Cash Flow Statement

for the Year Ended 31 December 2023
31.12.23
Notes
£
Cash flows from operating activities
Cash generated from operations
1
107,940
Net cash provided by operating activities
107,940
Cash flows from investing activities
Purchase of tangible fixed assets
(52,995)
Purchase of social investments
(10,113)
Interest received
17,770
Net cash used in investing activities
(45,338)
Change in cash and cash equivalents in the
reporting period
62,602
Cash and cash equivalents at the beginning
of the reporting period
2
489,692
Cash and cash equivalents at the end of
the reporting period
2
552,294		 31.12.22
£
133,253
133,253
(77,762)
(45,602)
1,760
(121,604)
11,649
478,043
489,692		 
The notes form part of these financial statements

Page 14

Earthworks Trust Limited

Notes to the Cash Flow Statement

for the Year Ended 31 December 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Change in cash and cash equivalent in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period		 31.12.23
£
83,754
45,432
(17,770)
232,460
(235,936)
107,940		 31.12.22
£
188,532
37,216
(1,760)
(233,071)
142,336
133,253
31.12.23 31.12.22
£ £
62,602 11,649
489,692 478,043
552,294 489,692

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank 489,692 62,602 552,294
489,692 62,602 552,294
Total 489,692 62,602 552,294 
The notes form part of these financial statements

Page 15

Earthworks Trust Limited

Notes to the Financial Statements

for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financialstatementscontaininformationaboutEarthworksTrust Limitedas an individualcompanyand do
notcontainconsolidatedfinancialinformationastheparentofagroup.Thecharityisexemptunder Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Changes in accounting policies

There have been no changes to the basis of accounting.

Income and endowments

Recognition of incoming resources

Incomefromgrants,legacies,donations,appeals,fundraisingandinvestmentsisrecognisedinthe Statement
ofFinancialActivities(SOFA)onreceiptprovidingtherearenoconditionsthatwouldwithhold payment
outsideofthecharitiescontrolincludingreceiptswhicharesubjecttorestrictionsbecause potential
withholding is in control of the charity.

Incoming resources with related expenditure

Whereincomingresourceshavesignificantrelatedexpenditure(aswithfundraisingorcontractincome), the
incomingresourcesandrelatedexpenditurearereportedgrossintheSOFA.Rentalincomeis reportednet of
collection charges on a receivable basis.

Grants and donations

GrantsanddonationsareonlyincludedintheSOFAwhenthecharityhasunconditionalentitlementto the
resources.

Tax reclaims on donations and gifts

IncomingresourcesfromtaxreclaimsareincludedintheSOFAatthesametimeasthegifttowhich they
relate.

Contractual income and performance related grants

This is only included in the SOFA once the related goods or services have been delivered.

Gifts in kind

Giftsinkindareaccountedforatareasonableestimateoftheirvaluetothecharityortheamount actually
realised.

Giftsinkindforsaleordistributionareincludedintheaccountsasgiftsonlywhensoldordistributedby the
charity.

Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated services and facilities

Theseareonlyincludedinincomingresources(withanequivalentamountinresourcesexpended)where the
benefit to the charityis reasonablyquantifiable,measurableand material.The value placed on these  resources
is the estimated value to the charity of the service or facility received.

Volunteer help

Thevalueofanyvolunteerhelpreceivedisnotincludedintheaccountsandisdescribedinthe Trustees
Annual Report.

continued...

Page 16

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Expenditure and liabilities

Liability recognition

Liabilitiesare recognisedin the SOFA on an accrualsbasisas soonas thereis a legalor constructive obligation
committing the charity to pay out resources.

VAT

VAT which cannot be recovered is included with the expense to which it relates.

Taxation

As a registeredcharity,the companyis exempt from income and corporationtax to the extent that income and
grants are applicable to charitable purposes only.

Governance costs

Includecostsofthepreparationandexaminationofstatutoryaccounts,thecostsoftrusteemeetings and
costs of any legal advice to trustees on governance or constitutional matters.

Resource allocation

Resources expended are allocated to particular activities where the cost relates directly to that activity.

Grants with performance conditions

Where the charitygives a grantwith conditionsfor its paymentbeinga specificlevel of service or outputto  be
provided,suchgrantsareonlyrecognisedintheSOFAoncetherecipientofthegranthasprovided the
specified service or output.

Grants payable without performance conditions

These are onlyrecognisedin the accountswhen a commitmenthas been made and there are no conditions to
be met relating to the grant which remain in the control of the charity.

Support costs

Supportcostsincludecentralfunctionsandhavebeenallocatedtoactivitycostcategoriesona basis
consistentwiththeuseofresources,e.g.allocatingpropertycostsbyfloorareas,orpercapita,staffcosts by
the time spent and other costs by their usage.

Assets

Tangible fixed assets for use by charity

Thesearecapitalisediftheycanbeusedformorethanoneyear,andcostatleast£500.Theyarevalued at
cost or a reasonable value on receipt. They are used for charitable purposes.

Depreciation

Depreciationisprovidedonalltangiblefixedassetsatratescalculatedtowriteoffthecostonastraight line
method over their expected useful economic lives as follows :

Freehold property and refurbishments     at various rates on cost
Plant and machinery                               at various rates on cost
Outdoor construction                              at various rates on cost

Investments

Investmentsinsecuritiesarevaluedatclosingrealisablepricesatthebalancesheetdate.The difference
betweenopeningand closingvaluationof securitiesis realisedas a gainor loss in the incomeand expenditure
account.

Funds held by the charity

Funds held are either:

continued...

Page 17

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Funds held by the charity

Unrestrictedgeneralfunds-thesearefundswhichcanbeusedinaccordancewiththecharitableobjects at
the discretion of the Trustees.

Designated/restrictedfunds - these are funds which can only be used for particularpurposeswithin the  objects
ofthecharity.Restrictionsarisewhenspecifiedbyadonororwhenfundsaresolicitedonthe explicit
understanding that they will be applied to particular restricted purposes.

Capital grants

Giftsoftangiblefixedassetsorgrantsofacapitalnaturegivenforspecificpurposesandfullyutilisedin the
furtheranceoftheobjectsofthecharityarecreditedtoarelevantrestrictedfixedassetfunddesignated for
thispurpose.Therelatedfixedassetisshownonthebalancesheetatthefullcostofacquisition and
depreciatedovertheusefullifeinaccordancewiththedepreciationpolicymentionedabove.The restricted
fund is transferredto general funds on acquisitionof the related assets and is not amortisedover the life of  the
assets. Any specificrestrictionsimposedby the grantmakingbody,beyonduse by the charityfor the purposes
of its normal charitable activities, on use of the assets, is disclosed in the Fixed Assets notes.

2. WINDING UP OR DISSOLUTION OF THE CHARITY

If uponwindingupor dissolutionof the charitythereremainanyassets,afterthe satisfactionof alldebts and
liabilities,theassetsrepresentedbytheremainingaccumulatedfundshallbetransferredtosome other
charitable body or bodies having similar objects to the charity.

3.

DONATIONS AND LEGACIES

Gifts and Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Capital grants
Revenue grants		 31.12.23
£
42,842
6
42,791
85,639
31.12.23
£
37,600
5,191
42,791		 31.12.22
£
53,762
106
71,445		 31.12.22
£
53,762
106
71,445
125,313
31.12.22
£
64,045
7,400
71,445
71,445 
continued...

Page 18

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

4. OTHER TRADING ACTIVITIES

Fundraising events
Rent Income
INVESTMENT INCOME
From trading subsidiaries
Deposit account interest
Gain or loss on investment		 31.12.23
£
35
8,617
8,652
31.12.23
£
392,773
9,657
8,113
410,543		 31.12.22
£
-
6,767
6,767
31.12.22
£
376,070
1,760
-
377,830

5. INVESTMENT INCOME

6. CHARITABLE ACTIVITIES COSTS

Thecharityhasnodivisablecharitableactivities,asitssolecharitableactivityisthemaintenanceof the
grounds. Therefore, reallocation of support and governance costs are not possible.

7. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Rates and water
Insurance
Sundries
Subscriptions
Repairs and renewals
Fundraising activities
Legal and Professional Fees
Depreciation
GRANTS PAYABLE
Charitable activities		 31.12.23
£
33,808
5,103
17,391
106
35
82,377
42
16,285
45,434
200,581
31.12.23
£
208,036		 31.12.22
£
22,682
3,860
15,152
107
80
150
665
2,952
37,216
82,864
31.12.22
£
229,267

8. GRANTS PAYABLE

continued...

Page 19

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
31.12.23 31.12.22
£ £
Depreciation - owned assets 45,432 37,216

10. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheperiodended31December2023or 31
December 2022.

Trustees' expenses

There were no trustees' expenses for the period ended 31 December 2023 or 31 December 2022.

11. STAFF COSTS

31.12.23 31.12.22
£ £
Salaries 31,700 32,150
Social Securities 1,291 2,048
Pensions 817 984
Total staff costs 33,808 35,182
The average monthly number of employees during the year was as follows:
31.12.23 31.12.22
Charitable activities 1 1 
No employees received emoluments in excess of £60,000 (2022: None).

Key Management Personnel

Thetotalamountofemployeebenefits(includingemployerpensioncontributionsandemployer national
insurancecontributions)receivedby key managementpersonnelfor theirservicesto the charitywas £33,808,
one employee (2022: £35,182, one employee).

continued...

Page 20

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
Other
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
61,268
6,767
377,830
445,865
244,567
9,247
253,814
192,051
(2,542)
189,509
2,473,883
2,663,392		 Restricted
funds
£
64,045
-
-
64,045
67,564
-
67,564
(3,519)
2,542
(977)
261,019
260,042		 Total
funds
£
125,313
6,767
377,830
509,910
312,131
9,247
321,378
188,532
-
188,532
2,734,902
2,923,434 
continued...

Page 21

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Freehold
property
£
2,536,626
50,996
-
2,587,622
327,781
43,511
-
371,292
2,216,330
2,208,845		 Plant and
machinery
£
178,388
1,999
(66,738)
113,649
177,801
277
(66,738)
111,340
2,309
587		 Outdoor
Construction
£
72,611
-
-
72,611
68,428
1,644
-
70,072
2,539
4,183		 Totals
£
2,787,625
52,995
(66,738)
2,773,882
574,010
45,432
(66,738)
552,704
2,221,178
2,213,615

14. SOCIAL INVESTMENTS

Shares in
group
undertakings		 Investments Total
£ £ £
Opening balance 4 91,455 91,459
Additions - 10,113 10,113
Closing balance 4 101,568 101,572
Net book value
Brought forward 4 91,455 91,459
Carried forward 4 101,568 101,572 
continued...

Page 22

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

15.
DEBTORS
Amounts falling due within one year:
Other debtors
VAT
Prepayments
Amounts falling due after more than one year:
Amounts owed by group undertakings
Aggregate amounts
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pensions Payable
Other creditors
Accruals and deferred income
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Amounts owed to group undertakings		 31.12.23
£
51
7,792
1,666
9,509
532,618
542,127
31.12.23
£
6,255
573
144
-
5,757
12,729		 31.12.22
£
51
543
14,487
15,081
759,506
774,587
31.12.22
£
5
572
144
8,258
8,750
17,729		 31.12.22
£
51
543
14,487
15,081
759,506
774,587
31.12.22
£
5
572
144
8,258
8,750
17,729
31.12.23 31.12.22
£ £
397,254 628,190 
continued...

Page 23

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Burial Site
South Downs National Park Grant - roof
replacement
Capital Improvements
Restricted - Various
Diocese of Portsmouth
South Downs National Park Grant - cash
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
South Downs National Park Grant - roof
replacement
Restricted - Various
Diocese of Portsmouth
SDNP-CIL Fund
TOTAL FUNDS		 At 1.1.23
£
2,663,392
91,455
59,516
108,731
340
-
-
260,042
2,923,434
e as follows:		 Net
movement
in funds
£
79,528
-
(2,885)
-
3,096
4,015
-
4,226
83,754
Incoming
resources
£
460,123
-
3,096
4,015
37,600
44,711
504,834		 Transfers
between
funds
£
-
-
(4,716)
-
-
-
4,716
-
-
Resources
expended
£
(380,595)
(2,885)
-
-
(37,600)
(40,485)
(421,080)		 At
31.12.23
£
2,742,920
91,455
51,915
108,731
3,436
4,015
4,716
264,268
3,007,188
Movement
in funds
£
79,528
(2,885)
3,096
4,015
-
4,226
83,754		 
continued...

Page 24

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Burial Site
South Downs National Park Grant - roof
replacement
Capital Improvements
Restricted - Various
SDNPA Covid 19 Recovery
TOTAL FUNDS		 At 1.1.22
£
2,473,883
56,930
-
146,589
45,000
12,500
261,019
2,734,902		 Net
movement
in funds
£
192,051
(5,875)
59,516
-
(44,660)
(12,500)
(3,519)
188,532		 Transfers
between
funds
£
(2,542)
40,400
-
(37,858)
-
-
2,542
-		 At
31.12.22
£
2,663,392
91,455
59,516
108,731
340
-
260,042
2,923,434 
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Burial Site
South Downs National Park Grant - roof
replacement
Restricted - Various
SDNPA Covid 19 Recovery
TOTAL FUNDS		 Incoming
resources
£
445,865
-
62,400
1,645
-
64,045
509,910		 Resources
Movement
expended
in funds
£
£
(253,814)
192,051
(5,875)
(5,875)
(2,884)
59,516
(46,305)
(44,660)
(12,500)
(12,500)
(67,564)
(3,519)
(321,378)
188,532		 
continued...

Page 25

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Burial Site
South Downs National Park Grant - roof
replacement
Capital Improvements
Restricted - Various
Diocese of Portsmouth
SDNPA Covid 19 Recovery
South Downs National Park Grant - cash
TOTAL FUNDS		 At 1.1.22
£
2,473,883
56,930
-
146,589
45,000
-
12,500
-
261,019
2,734,902		 Net
movement
in funds
£
271,579
(5,875)
56,631
-
(41,564)
4,015
(12,500)
-
707
272,286		 Transfers
between
funds
£
(2,542)
40,400
(4,716)
(37,858)
-
-
-
4,716
2,542
-		 At
31.12.23
£
2,742,920
91,455
51,915
108,731
3,436
4,015
-
4,716
264,268
3,007,188 
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Incoming
resources
£
Unrestricted funds
General fund
905,988
Restricted funds
Burial Site
-
South Downs National Park Grant - roof
replacement
62,400
Restricted - Various
4,741
Diocese of Portsmouth
4,015
SDNP-CIL Fund
37,600
SDNPA Covid 19 Recovery
-
108,756
TOTAL FUNDS
1,014,744
Included in unrestricted funds are the following designated funds:		 Incoming
resources
£
Unrestricted funds
General fund
905,988
Restricted funds
Burial Site
-
South Downs National Park Grant - roof
replacement
62,400
Restricted - Various
4,741
Diocese of Portsmouth
4,015
SDNP-CIL Fund
37,600
SDNPA Covid 19 Recovery
-
108,756
TOTAL FUNDS
1,014,744
Included in unrestricted funds are the following designated funds:		 Resources
Movement
expended
in funds
£
£
(634,409)
271,579
(5,875)
(5,875)
(5,769)
56,631
(46,305)
(41,564)
-
4,015
(37,600)
-
(12,500)
(12,500)
(108,049)
707
(742,458)
272,286		 Resources
Movement
expended
in funds
£
£
(634,409)
271,579
(5,875)
(5,875)
(5,769)
56,631
(46,305)
(41,564)
-
4,015
(37,600)
-
(12,500)
(12,500)
(108,049)
707
(742,458)
272,286
31.12.23 31.12.22
£ £
General reserves 86,600 72,000
General funds set aside for operational and/or capital costs 118,218 113,254
Major Donor Gift Aid 187,500 187,500 
continued...

Page 26

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

392,318372,754

The'BurialSite'fundisallexcessfundsfromSouthDownsNaturalBurialSiteLimitedthataredonated to
Earthworks Trust Limited to support the charitable objectives.

The'Restricted-Various'fundsaregrantsanddonationsfromvarioussourceswithrestrictionssuchas the
YoungNaturalAmbassadorProgrammeandtheEducationProgramme.Eachdonationisspentaccording to
the donors wishes.

The 'SouthDowns NationalPark Grant'is a granttowardsthe Ready SteadyGrow programmeto provide some
new triple glazed windows and a new roof to the Learning Hub.

The 'Capital Improvements' fund is for capital works to buildings and site Infrastructure improvements.

19. RELATED PARTY DISCLOSURES

Amounts owed to group undertakings 31.12.23 31.12.22
£ £
Earthworks Foundation Limited
Opening balance 628,190 498,860
Committed donations to Foundation in year 208,036 164,587
Less: Cash transferred during the year (438,972) (35,257)
Closing balance 397,254 628,190
Amounts owed by group undertakings 31.12.23 31.12.22
£ £
South Downs Natural Burial Ltd
Opening balance 758,661 540,591
Donations from SDNB 392,733 376,070
Less: Cash transferred during the year (619,621) (158,000)
Closing balance 531,773 758,661
Wood4Heat Ltd 845 845 
Earthworks Foundation Limited is a connected company limited by guarantee.

SouthDowns NaturalBurialSite Limitedand Wood4HeatLimitedare whollyownedsubsidiariesof Earthworks
Trust Limited.

continued...

Page 27

Earthworks Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

20. ULTIMATE CONTROLLING PARTY

The charity was under the control of the trustees throughout the year.

21. FUTURE COMMITMENTS

31.12.23 31.12.22
£ £
Within one year 1,391 1,391
Between one and five years 2,087 3,478
3,478 4,869 
Page 28

Earthworks Trust Limited
INCOME AND ENDOWMENTS
Donations and legacies
Gifts and Donations
Gift aid
Grants
Other trading activities
Fundraising events
Rent Income
Investment income
From trading subsidiaries
Deposit account interest
Gain or loss on investment
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Sundries
Subscriptions
Repairs and renewals
Fundraising activities
Legal and Professional Fees
Freehold property
Plant and machinery
Grants payable to subsidiaries
Grant expenditure
Other
Bank charges
Carried forward		 Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23
31.12.22
£
£
42,842
53,762
6
106
42,791
71,445
85,639
125,313
35
-
8,617
6,767
8,652
6,767
392,773
376,070
9,657
1,760
8,113
-
410,543
377,830
504,834
509,910
31,700
19,650
1,291
2,048
817
984
5,103
3,860
17,391
15,152
106
107
35
80
82,377
150
42
665
16,285
2,952
45,157
36,938
277
278
208,036
164,587
-
64,680
408,617
312,131
82
133
82
133		 Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23
31.12.22
£
£
42,842
53,762
6
106
42,791
71,445
85,639
125,313
35
-
8,617
6,767
8,652
6,767
392,773
376,070
9,657
1,760
8,113
-
410,543
377,830
504,834
509,910
31,700
19,650
1,291
2,048
817
984
5,103
3,860
17,391
15,152
106
107
35
80
82,377
150
42
665
16,285
2,952
45,157
36,938
277
278
208,036
164,587
-
64,680
408,617
312,131
82
133
82
133
125,313
-
6,767
6,767
376,070
1,760
-
377,830
509,910
19,650
2,048
984
3,860
15,152
107
80
150
665
2,952
36,938
278
164,587
64,680
312,131
133
133		 
This page does not form part of the statutory financial statements

Page 29

Earthworks Trust Limited

Detailed Statement of Financial Activities

for the Year Ended 31 December 2023

31.12.23 31.12.22
£ £
Other
Brought forward 82 133
Accountancy fees 12,331 9,114
Governance costs 50 -
12,463 9,247
Total resources expended 421,080 321,378
Net income 83,754 188,532 
This page does not form part of the statutory financial statements

Page 30