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REGISTERED COMPANY NUMBER: 03011755 (England and Wales)
REGISTERED CHARITY NUMBER: 1079866
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Report of the Trustees and
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Unaudited Financial Statements
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for the Year Ended 31 December 2023
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for
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Earthworks Trust Limited
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Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
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Earthworks Trust Limited
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## **`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`|
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Earthworks Trust Limited
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## **`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`**
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The mission statement of Earthworks Trust is:
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Todemonstrate,developandpromoteknowledge,skillsandlifestylesthatimprovepeople'squalityoflife without
damaging the local or global environment.
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Inpursuingthismission,weaimtobeadynamicforceforchange,creatingenjoyablepracticallearning experiences
for environmentally sustainable living.
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Wehavebeenre-wildingpartofthisformerMinistryofDefencebaseforthepast28years,transformingitinto a
place where people and nature thrive. The Centre is spread across 55 acres of woodland and natural chalk downland.
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We are owned by the Earthworks Trust, a charity established in 1995 to set up and operate our site.
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We aim to manageourland,ourcharityandourbusinessesas workingexamplesof authenticsustainability.We walk
ourtalkandsharewhatweknow.Wepracticeandpromotesustainabilityasaprocessofmakingdecisions which
balance economic, social and environmental factors for positive benefit.
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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.
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Wehaveavarietyofenterpriseactivitieswhichsupportthedeliveryofourcharitableaimsandworkin partnership
with a number of other organisations and projects to extend the delivery of our mission.
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## **`Public benefit`**
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The Charitymanagesits site, facilities,learningprogrammes,events,projectsandassets to maximisepublicbenefit in
the delivery of its mission.
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- 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.
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- We manage our land, our charity and our businesses as working examples of sustainability.
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-Wepracticeandpromotesustainabilityasaprocessofmakingdecisionswhichbalanceeconomic,social and
environmental factors for positive benefit.
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-Our55acresite-aformerMinistryofDefencetrainingbasecontinuestobemanagedtobenefitbiodiversity and
people.
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- Visitors are welcome to enjoy the grounds at no charge.
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- We work in partnershipwith other organsationsand projectswho share our ethos,values and aims. This includes on
site partnerships with SMEs and other charities.
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-Ourprocurementpolicyisanenablertosupporttheeconomyofourlocalityworkingwithlocalproviders and
services.
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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.
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Page 1
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Earthworks Trust Limited
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## **`Report of the Trustees for the Year Ended 31 December 2023`**
## **`ACHIEVEMENT AND PERFORMANCE`**
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TheCharitymaintainsthelandandpropertyattheSustainabilityCentreanditsreceiptsconsistmainlyof rent;
covenanteddonationsfromtheSouthDownsNaturalBurialSite;anddonationsfromothercharities,grant giving
organisations and individuals.
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Anumberofsignificantcapitalprojectsremainindevelopmentastheywillrelyheavilyonsuccessfully attracting
external grant aid or funding.
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Thereisapressingneedtoundertakemajorcapitalimprovementworkstoourmainbuildingtorepair, improve
facilities and update services. We continue to invest in reducing our energy and CO2 consumption and footprint.
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## **`Key Activities`**
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ThisyearhasseenTheSustainabilityCentrefocusonmovingfromsurvivingtothriving.Themajorecoretrofit works
to extend our overnight accommodation facilities was completed and fully opened to guests and groups.
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Partnershipworkinganddeliveryofservicesinpartnershipwithothersenabledustodevelopanddeliver some
outreach and online services.
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We have reviewed our priorities and strategic plan.
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## **`Responding to Changing Times`**
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In 2019 we launched with key components of:
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- `Transforming a derelict building into the South Downs Eco Lodge.`
- `Creating a New Learning Centre from our Administration Building.`
- `Expanding our services and programmes.`
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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.
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Thenextstepinourlong-termplanwastocreatea NewLearningCentre.Thecostsofdoingthishasspiralledand it
looksas if we wouldneedto raise£3.5millionto makeit happen.Thismadeus sitandthink- "is thisreallywhat we
should be doing?"
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The experienceof livingthroughand survivingthe lockdownassociatedwith the pandemichas had a big impacton all
ofourlives.Manypeople,organisationsandcommunitieshavere-examinedhowweliveandworkaswellas the
importance of nature and wild spaces.
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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.
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## **`A New Direction`**
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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.
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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.
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Thespecialqualitiesof our55 acresitesupportstheexperienceof allthatwe dohere,so findinga balance between
numbers of visitors and their physical impact on our land also deserves careful consideration too.
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## **`The Solution`**
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Page 2
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Earthworks Trust Limited
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## **`Report of the Trustees for the Year Ended 31 December 2023`**
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Wequicklyrealisedthatbydivertingourresourcestoafundraisingcampaigntoraise£3.5mtoachieve this
state-of-the-artbuilding,wewouldmissoutonopportunitiestobeadynamicforceforchange.Soweput our
creativity to work and have come up with a much better solution.
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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`**
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- Welcomed new Trustees to The Board to broaden skills and expertise available to the Charity.
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-AcknowledgedthevaluablecontributionmadebyChairandViceChairoftheBoardaswellasthe Executive
Committee.
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- Continued to deliver quality outputs in accounting and reporting to the Board of Trustees.
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- Continuedto maintainhighstandardsof scrutinyandmanagementof the Charityandits associatedenterprises and
assets.
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## **`Social`**
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- Continuedto supportand deliver learningopportunitiesin an imaginativeand creative way to deliver the aims of the
charity.
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- `Enabled and supported teachers and learners to gain new skills and understanding of sustainability.`
- `Offered a quality experience to volunteers.`
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- Offered training opportunities for adults through our courses programme.
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- `Provided a quality bespoke service to bereaved families seeking natural burials.`
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- Worked in partnership with others to achieve shared goals and develop mutual interests.
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- Welcomed groups and individuals to enjoy our campsite with full unrestricted service resumed.
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- `Attended a variety of community and business events, both in person and online to showcase the Sustainability`
- `Centre and eco retrofit works.`
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- Supported the learning and development of our own staff and volunteers.
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- `Continued to maintain and develop partnership working both on-site and off-site with enterprises and small`
- `businesses that enhance the aims of the charity.`
## **`Environmental`**
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- Continued to manage our site to maintain and enhance its biodiversity.
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-Providedopportunitiesforpeopletoappreciatethenaturalbeautyofoursiteandsurroundingareaofthe South
Downs National Park.
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- Workedin PartnershipwithSouthDownsNationalParkto supportprojectsandinitiativesthroughtheir Sustainable
Communities Grant Fund.
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- Offered advice to communityprojectsand other organisationsaboutorganisationaldevelopment,practical solutions
and retrofit of the built environment.
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- Provided access to visitors to our 55 acre site.
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- Continued to maintain consideration of the impact of our own activities on the local and global environment.
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## **`Capital Improvement Programme`**
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-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.
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## **`Training and Development`**
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-Trainingandskillsdevelopmentintheenvironmentalandsustainabledevelopmentsectorcontinuestobe an
important area.
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- `Demand for bookings for schools, courses and bushcraft activities continues. The underlying trend continues to show a steady demand.`
- `The John Muir Award programme continues to be delivered here and is a flagship for the South Downs National Park.`
- `Additional wellbeing programmes have been provided to small groups of adults and young people.`
- `We continue to develop partnerships and networks to support our specialist and short residential courses.`
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Page 3
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Earthworks Trust Limited
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## **`Report of the Trustees for the Year Ended 31 December 2023`**
## **`Growth and Development`**
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-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.
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```
-Ourprogrammeforadultlearninghasbeenfurtherdevelopedsoweareabletoofferagreatervarietyof short
courses. Online bookings and improved marketing support high levels of bookings.
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- 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.
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- An integratedmarketingandpromotionalstrategycontinuesto fostersharedmarketingacrossthe organisation has
beenachieved.Ourwebsitecontinuestobedesignedandadministeredin-houseandgrowsalongsideour own
development.
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## **`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.
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-FitzroyRuralSkillsProject-asocialenterpriseprojecttoengageadultswithlearningdisabilitiesin practical
work-based activities.
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- Beech Café - Organic, fair-trade café and caterers.
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-TheGreeningCampaign-CommunitiesRespondingtoChallengesofaChangingClimate-ourrolewithin this
partnership is to lead the retrofit pillar.
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-NationalEnergyFoundation-HampshireRedressProject-pilotingWholeHouseRetrofitService-ourrolewas to
guide and support a legacy service.
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## **`South Downs Natural Burials`**
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SouthDownsNaturalBurialSitecontinuestobea majorcontributoroffundsthisyearwith£392,773covenanted to
Earthworks Trust.
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The site is highly regarded and the service given by the staff contributes to the site's recognition as an exemplar.
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## **`FINANCIAL REVIEW`**
## **`Grants and Donations`**
```
TheTrusthasreceivedanumberofgrantsanddonationsduringthisperiodincludingsponsorshipofkeyevents and
capital projects. These include:
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o Grants from East Hants District Council - £100 volunteer seeds and £1,000 towards smoothie bikes.
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o Greening Campaign - £8,750 project deliverables.
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o NEF Redress Project - £5,000 project deliverables.
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o Gift Aid: £6.25.
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o Sustainability Centre Friends £3,587.
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o Legacy donation £10,000.
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Page 4
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Earthworks Trust Limited
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## **`Report of the Trustees for the Year Ended 31 December 2023`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
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ReservesaremanagedinaccordancewiththeReservesPolicyofthecharitywhichisintegratedintothe budget
setting and management processes.
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The Charity holds the following Funds:
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## `Designated Funds`
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£187,500 for capital projects held in Co-op deposit account.
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£86,600for2monthsoperationalreserve.Thesefundsareheldinaccordancewithourpolicytohold2 months
operationalcostsinreservetoensurefinancialandoperationalstability.ThesefundsareheldinaTriodos deposit
account
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## `Allocated Funds - £118,218`
```
Thisisallocatedforessentialfuturespendingtomeetfuturesitemanagementandburialcommitmentsarising from
pre-soldplotsontheSouthDownsNaturalBurialsSite.ThesefundsareheldinCCLA'scharitiesinvestmentand fixed
interest funds.
```
## **`FUTURE PLANS`**
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The Charity aims to:
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o Uphold its core aims and principles going forward.
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o Integrate growth and development in a sustainable manner.
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o Identify opportunities to develop and showcase its aims in projects/partnerships/programmes.
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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.
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Extendinganddevelopingservicesandpartnershipsto supportwell-beingandnaturetherapyservices,alongside our
immersive education programmes is also prioritised.
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Page 5
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Earthworks Trust Limited
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Report of the Trustees
for the Year Ended 31 December 2023
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## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution`**
```
TheEarthworksTrustisCharityNo.1079866governedbyaTrustDeed.EarthworksTrustLtdisaCompany No.
3011755 governed by its Memorandum and Articles of Association.
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EverynewTrusteeisprovidedwithcopiesoftheseoperationaldocuments.Nochangesintheobjectives have
occurredsincethelastannualreport.Thekeyobjectiveisenvironmentaleducationandisenhancedbythe many
practicaldemonstrationareasonsite:eco-renovatedandnewbuildings,renewabletechnology,themanagement of
conservation habitats and gardens, and woodland restoration.
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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.
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Duringthis periodJeff Lane continuedin his positionas the Chairof the Boardof Trusteesand ColinHillyer continued
as Vice Chair.
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## **`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.
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```
Review of Financial Position
We aim to:
- Be self-funding from our own activities.
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- `Undertake growth in a sustained and planned manner.`
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Page 6
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Earthworks Trust Limited
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## **`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:
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- Rent receipts for buildings and land occupied by tenant partners.
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- Covenanted donations from the South Downs Natural Burial Site.
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- Income from Eco Lodge and camping.
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- Donations from other charities, grant giving organisations and concerned individuals.
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Ourdependenceonexternalgrantfundingremainsreduced.However,anyexpansionofrevenuecostsremains a
challenge and therefore a limitation.
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Anumberofsignificantprojectsremainindevelopmentastheywillrelyheavilyonsuccessfullyattracting external
grant aid or funding for capital projects.
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## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
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03011755 (England and Wales)
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## **`Registered Charity number`**
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1079866
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## **`Registered office`**
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The Sustainability Centre Droxford Road
Droxford Road
East Meon
Petersfield
Hampshire
GU32 1HR
```
## **`Trustees`**
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P A Ciniglio Chartered Enviromentalist
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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
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Earthworks Trust Limited
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## **`Report of the Trustees for the Year Ended 31 December 2023`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Bankers`**
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The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
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## **`Senior member of staff in charge of day to day operations`**
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Ms C M Seaward
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## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
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TheTrusteesarerequiredtoprepareaccountsforeachfinancialyear,whichgiveatrueandfairviewofthestate of
affairsofthecharityasattheendofthefinancialyearandofthesurplusordeficitofthecharityfortheperiod. In
preparing those accounts, the Trustees are required to:
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```
- select suitable accounting policies and then apply them consistently.
```
- `make judgements and estimates that are reasonable and prudent.`
- `observe the methods and principles in the Charity SORP.`
- `keep proper accounting records, which disclose with reasonable accuracy at any time the financial position of the`
- `charity.`
```
-arrangeforthepreparationofaccountsonthegoingconcernbasisunlessitisinappropriatetopresumethat the
charity will continue in the business name.
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-safeguardtheassetsofthecharityandtakereasonablestepsforthepreventionanddetectionoffraudand other
irregularities.
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## **`Guiding Principles of Governance`**
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1.Organisationalpurpose-Theboardisclearaboutthecharity'saimsandensuresthatthesearebeing delivered
effectively and sustainably.
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```
2.Leadership-Everycharityisledbyaneffectiveboardthatprovidesstrategicleadershipinlinewiththe charity's
aims and values.
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```
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.
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```
5.Boardeffectiveness-Theboardworksasaneffectiveteam,usingtheappropriatebalanceofskills, experience,
backgrounds and knowledge to make informed decisions.
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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.
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```
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.
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```
Approved by order of the board of trustees on 15 July 2024 and signed on its behalf by:
```
```
Page 8
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Earthworks Trust Limited
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```
Report of the Trustees
for the Year Ended 31 December 2023
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```
J D Lane - Trustee
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```
Page 9
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Independent Examiner's Report to the Trustees of
Earthworks Trust Limited
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## **`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').
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```
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
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Earthworks Trust Limited
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## **`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
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
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
```