2024-12-31-accounts

REGISTERED COMPANY NLIMBER: 03011755 {England and WalÈs) RE615TERED CHARITY NUMBEIL. 1079866 the Trustees a Un Umltad Bennewith 2018 Limited Va AJ 8ennewith & Co Upper Ground Floor 18 Famham Road Guildford Surrey GU14XA

Earth Trn Contents of Finandal for the Y r Ended l Dece r202 Page Report of the Tn￿tee$ Independent Exarnlnerfs R•port io Stat•m•nt of Hnanclal Artlvltles li Balan¢¢ Sheet 12 to 13 C•sh Now St•t¢ment 14 Notes to the Cash Fltyw Stat•ment 15 Notes to the Flnandal Ststem*nts 16 to 28 Detslled Ststement ol Flnandal Acilvltl 29 to 30

rksTrust Limited thè Year Ended The trustees who are also directors of the charity for the purpcw of the Companies Act 2006, present their report with the financial statements of the tharity for the year Ènded 31 December 2024. The trustees have adopted the provislons of Accounting and Reporting by Charities: Ststement of Recommended Prattice applicable to tharities preparing their accounts in accordance wFth the Finanaal Reportlng Stsndard appllcable in the UK and Republic of IFeland IFRS 102) {effective l January 2019}. OBJECTIVES ANO AcnvmES Objectives and aims The mtssion Statement of Earthworks Trnst is: To demonstrate. develop and promote knowled8e, sktlls and lrfestyles that improve people's quality of lrfe without damagingthe local. or global environment In pursulng this mission, we alm to be a oknamic force for than8e. ueatlng enjoyable prnrtical learning eXperIen￿ for enMronmentsI￿ sustèlnable living. We have been re-wilding part of thÈs.fomier Ministry of Defence base for 29 years, transforming it Into ? place where people and rtature thrive. The Centre is spread across 55 a¢￿ ofwoodland and natural thalk downland. We are owned by the Earthworks TrusL a chartty e5tsblished in 1995 to set up and operate our site. We alm to manage our land, our charity and our businesses as working examples of authentlc sustsinabllity. We walk our tslk and Share what we know. We practice and promote sustsinability as a proce$5 of makln8 dedsions which balance economic, soclal and environmental factors for positive benefit We welcome families and schools: professlonals and special intsrest groups; walkers and rydirts on the South Downs Way; children and young people: and simply anY￿e with an interest in what we do. In 2024 V￿ hosted over 4,500 sthool aged young people here, 22% up on last year. We also had over 600 adults attending our specialist courses. with 91% of course Spaces sold, an increase of 6% on the previous year. We have regular volunteering groups who help manage our gardens and 8rounds. Through our volunteering programmes we provide sUPPOrt to people to create positive mental health outcomes. We have a variety of enterprise artNtties, which support the delivery of our charltable aims and work in partnership with severdl other organisations and projerts to extend the delivery of our mtssion. his is based on our pupil per day equiYdlenL made up of 2(K16 pupils on day visitsand 912 on residentia15 5tsying for multiple days. Page I

Earthw st Lim Re oftheT OBJECTIVES AND ACTivmES Public benÈfft The Charity mana8e5 its slte. facilities. learning pro8rammes, events, propcts and asSÈts to maximise publlc benefit in the delivery of Its mission. We dellver learnlng opportunltbes foryoung people and adult learners throughout the year. We offer opportunitles for volunteers to supportthe work of the charity in a variety of ways. This includes practical hand5-on tasks, support to events, office and administration as well as Trustees and advisors. We manage our land, our ¢harty and our businesses as workln8 examples of sustainabillty. We practlce and promote sU5tainabillty a5 a process of maktng decisions which balan￿ economlc. social and environmental factors for positNe benef Our 55 acre site- a former Ministry of Defen￿ tralning base continues to be managed to benefit blodiversty and people. Visltors are welcome to enjoy the 8rounds at no charge. We work In partnership wtth other organlsations and projects who share our ethos. values and alms. This includes on slte partnerships with SMES and other charities. Our procurement policy Is an enabler to support the etonomy of our locality workln8 With local provlders and seryices. Our educ*ion and leaming programmes are in greater demand Since last year. with Under 18s dlversifying to provlde a greater varlety of different opportunities for small group work and special educatlon seeing a rise in demand. Nature therapy, our outdoorvolunteerlng programme. and adu￿ courses contlnue to thrfve. Page 2

Earthwo￿ Trust Lim. r Ended 311)ÉtÈm ACHIEVEMENTS AND PERFORMANCE The Charity maintairts the land and property at the Sustainability Centre and its retsipts con5i5t mainly of rentr. ovenanted donations from the South "Downs Natural Burial Site- and donations from other charities, grant gNing organi&3tions and indlviduals. A number of significant caprtal projects remain in development a5 they will rely heavtly on Successfully attrdrtin8 extemal grant aid orfundin& There is a pressing need to undertske major capital improvement works to our main building to repair. update improve tdalities and services. We continue to invest in reducin£ our ene￿ and C02 consumption and footprfnt and seeking funding to retrofft our existing main building. This year ha5 seen The Sustslnabilty Centre focus on movin8 from survlving to thriving as wèll as exploring the ways we can reach.addltlonal groups and ensure that sustsinable practltss are accessible for ati. In 2024, we launched our Fair Share Fund, whith allowed schools where 30% or more of their puplls receNe free sthoop meals to receive an 80% discount on day visits to the Centre. allowing us to ensure that our educatlon programmes are accessible and indusive to all. We were also successfvl In our plannin8 permisslon to extend our burlal site. a ￿￿101 step for the charty as South Downs Natural Burfals Is one of our main income sources. Partnership v￿rking and delp￿ry of seplios in partneyshlp with others enabled us to develop and deliver some outreath and online services. In September we recrulted a new CEO & Centre Manager to start in January 2025. The 8oard therefore agreed an interim Strategc artlon plan to cary over into 2025 to allow the new CEO to shape the next 3 year Strategic Plan for 202&2028. Welcomed newTrustees to The Board to broaden skills and expertise a￿lIable to the Charity Acknowledged the valuable contribution madÈ by Chairand WI￿ Chair of the Board as well as the Executive Committee Continued to deliver qualty outputs In accounting and reportin8 to the Board of Trustees Continued to maintain high standards of scrutiny and management of the Charity and its a550ciated enterprises and assets 5odal Continued to support and deliver learnlng opportunibe5 in an iMag￿atiVe and creative wayto deliverthe alms of the charity Enabled and supported teachers and learners to gain new skills and under5tarKling of sustsinable Offered a quallty experience to volunteers Offered training opportuntbes for adults through our courses prograrnme Provided a quality bespoke Service to bereaved families seeking natural burials Worked in partnership with others to achieve shared goals and develop mutual interests Welcomed 8roups and individualsto enjoy our campsrÈe with full unre5trirted serite ￿Urned. Attended a Wdriety of communrty and business events. both in person and online to Showcase The Su5tainabll Centre and eco retrofft works Supported the leaming and develowient of our c)wn stsff and volunteers . Page 3

Ea Trnst Limlted r 2024 Continued to maintain and develop partnership worklng both on-site ard off-site with enterprises and small bu51ne55es that enhance the aims of the charity Implemented the Fair Share Fund and continued our Courses Bursary to make our educatlonal and courses proErammes more accessible. Envlronrnentsl Continued to manage our site to maintain and enhanee its biodivetsity Provided opportunities for people to appreciate the natural beauty of our site and surrounding area of the South Downs National Park Worked in Partnership with South Oowns National Park to support projerts and Inltlatives through their Sustainable Communities Grant Fund Offered advice to comrnunity projects and other organisatlons about or8ani5ational development. practical solutions and retrofit of the built environment pro￿ded access to vlsltors to our 55 acre site Continued to maintain eonsideration of the impact of our own artlvities on the local and global environment Capitsl Improvemerrt Progrnmm¢ Our planned programme of capital improvements works continues to move forward with one major building stlll needing a complete update and refurbishment. Major capitsl works to the South Downs Eco Lod8e were ompleted in 2022. A new focus of prioritles Informs and guldes our next phase of capltal building works. TralnSrw Ind Development Tralning and skhlls development In the environmental and sustainable development sector continues to be an Important area. Demand for bookings for schools, courses and bushcraft artivitles continues. The underlyln8 trend contlnues to show a steady demand. The John Muir Award programme continues to be delivered here and is a fla8ship for the South Downs Natlonal Park. Additional wellbeln8 programmes have been provided to small groups of adults and Ivung people. We contlnue to develop partnership5 and networks to SUPPOrt our specialist and short residential courses. Growth and Development Under 18s Education programme Continues to be much in demand both for day visits and residential course5, 5Èein8 a 22% increase In pupils attending from the previou5 year. The implementstion of the Falr Share Fund allows us to be a de51rable destination for day visits from disadvantaged Schools. The Young Natural Ambassadors Progrdmme continues to be supported by a bursary to support the trainin8 of under 25's. Additional funding contlnue5 to be sou8ht to extend thls much valued programme. Our programme for adutt learning has been further developed 50 we a￿ able to offer a 8reatervarSety ot short course5. Online booklng5 and improved marketing support high leve15 of booklngs. Accommodation booking5 continue to show a steady demand for those doing the South Downs Way, Our focu5 for the year ahead will be to increase multiple night vislts to increase revenue. An integrated marketing and promotlonal strategy continues to foster shared marketing across the organisatlon has been achieved. Our webstte contlnues to be designed and administered in-house and grows alongside our own development. Page 4

Earthw the Trustees Year Ended 31 2024 PabknÈrship working The Sustsinability Centre Continues to work in partnership with a number of or8anisations that are housed on site to extend the reach of our own capauty. Their aims and key activitie5 contribute something S1￿￿c3nt in addityon to our own activitles and pmgrammes. We nurture and support the development of Small businesses who share our ethos and values. Fltw Rural Skills Projert - a social enterprise projectto engage aduits with learnin8 disabilities in prattical work-based activities Beech Cafe - Organic, fair-trade cafe and c*erers The Greenlng Campai8ti- Communities Respon¢fin8 to Challenges of a changi￿ aimate - our role within this partnership is to lead the retrofft"pillar Natlonal Energy Foundatlon - Hampshire Redress Project- pilottn8 Whole House Retrofft SeNice- our role was to guide and support a le8 acy service. South Downs Natur41 Burials South Downs Natural Burial site contlnues to be a rnajor wntributor of fun(ts thts year with £325,282 covenanted to Earthworks Trust. The slte is h￿hty regarded and the service 8iven by the staff contributes to the sfte's reco8nttson as an exemplar. FINANCIAL REVIEW Reserves poIIcy Reserves are managed In accordance with the Reserves Policy of the charlty which is integrated into the budget settlng and management processes. The Charlty holds the followln8 Funds: Deslgnated Funds: £187,500 for capltal projects held in Ctrop deposit account £86.600 for 2 months operational reserve These furKls are held in accordano wlth our policy to hold 2 months operatlonal costs in reserve to ensure financial and operational stsbilty. These fvnds a￿ held in a Triod05 deposlt account Allocated Funds: £118,218 allocated for essentlal ftrture spendlng to meet future sr¢e management and burial commitments ari￿ng from prtrsold plots on the South Downs Naturdl Burials S¢te. These funds are held in CCLA'S chartties investment and fixed interest funds. Grnnts and Donation5 The Trust has ￿Ceived a number of grants and donation5 during this period including sponsorship of key events and capital projec￿ These include: Grants from East Hants District Council- £12STh) towards the leamin8 ont￿ and £23,750 towards a Shepherd5 HUL Grantsfrom South Downs National Park Authorrty- £4,CWfor Explorerfs Milestone Project Page 5

Earthw Tru Llmited rtoft Ended foc the FUTURE PLANS The Charity alms to: Uphold Its core aims and principles going forward Inte8rate growih and development In a sustainable manner Identlfy opportunltles to develop and showcase its aims in projectslpartnerships/programmes The principal growth area for the charity in the forthcoming period will be completing a phased capital improvement5 programme to the built infrastructure. The priority has been Identifi￿ as the ectrretrcifit of our existin8 education and admlnlstration bulldlng. Plannlng approval ha5 been granted for these works. Alon85ide thi5 we wlll need to increase our capaclty to raise funds from external sources Extending and developing services and partnershlps to support well-being and nature therapy seNlces, alongside our immerslve education pro8rammes.15 a150 priorltlsed. Page 6

Trust limited ' forthe Yèar En 31 STRucfuRI GOVERNANCE AND MANAGEMENr Guidlng Prinaples of Governan Or8ani5ational purpose -The board is dear aboLrt the tharws aims and ensures that these are being delNered effectivety and sustsi nabiy. Leadership - Every charity 15 led by an effective board that provlde5 strategic leadership in line with the charivs a ims and values. Intwity -The board acts with integrity. It adopts values, applies ethical principles to athieve the charivs purpose. The board is aware of the importance of the publids conffiden￿ and trust in charities. It reflects the charTVs ethics and values in everwhing ¢t does. The trustees undertake their duties with this in mlnd. E>ecision4nakir% nsk and control - The board makes SU￿ that its decisiorHnaking processes are infornied, rfgorous and timely and that effec tive dele8ation, control and risk a$5essment and management Wems are set up and monitored. Board effÈrtivenes5 -The board works as an effectivetearn, usin8the appropriats balance ofskllts experience, backgrounds and kno wledge to make informed deCis￿n$. Equalty. diversity and inclusion - The board has a dear, ag￿ed and effectfve approath to supporting equality, diversity and inclusion throughou t the oryanisation and in it ￿ own practice. This approach supports good governance and delivery of the or 8anisation's charltable purposes. Openness and accountabillty - The board leads the organisation In being transparent and accountable. The charlty is open In its work, unless there is a 8ood reason for It not to be. Constltutlon The Earthworks Trust Is Charity No. 1079866 8overned by a Trust Deed. Earthwork5 Trust Ltd is a Company No. 3011755 80vemed by its Memorandum and Artlcles ofA5so¢iation. Every new Trustee is provided wlth copie5 of these operntional documents. No thange5 in the objectlves have o¢¢urred since the last annual report. The key objective is environmentsl education ènd is enhanced by the many prartical demonstration area5 on srte: ec0-￿n0vated and new buildings renewable ted)nology, the management of conservatlon habitats and gardens, and V￿Qdland restordtion. The Trustees confirm that they have referred to the guidance contsined In the Charrty Commission'5 general guldance on public benefit when reviewing the Trust's aims and objectives and in planning fvture activitres. Equal Opportunlty The Tn￿reeS cover a wide range of ages and skills and we continue to work towards extending a diverse group of individuals. thinking styles and a balanced diversty. The Trt￿teeS carry out an audit of skllls from time to Ume and ontinue to encourage the inclusion of volunteer5 in the broad mrx of skills needèd to develop the work Training is provided to develop the more traditional business. professional and educational skills that are generally provided by the Trustees and Staff. Policie5 and Risk Management A handbook providing policy and operational Buidance is provided to all volunteers, staff and Trustees. Rlsk assessments, health and safety, fo¢)d hygiene and induction training are provided by stsff. Funding for trainin8 is sought to develop best practice and skn11s development. As an oTrgoing process the Trustees, through the Executtve Group to assess the level of risk in relation to governan￿, Servi￿ delNery, employmenL health and safety, Child protection, financièl management and infomi3tion management The Trustee5 keep under review the major strategic busine55 and operation risks that the charity and company face and ensure that monitoring sy5tem5 have been estsbli£hed so that the necessary steps can be tsken to lessen risk5. Page 7

orks rt Limtt fthe r Z024 Management and Or8anisation Strurture Management of the Trust, the tradlng arm of the Earthworks Foundation and South Downs Natural Burfal Slte contlnues In a consolidated fashion. Mana8ement of all three entities is done centrally under the umbrella of The Sustainability Centre. The Trustees meet bi-month￿ and are responsible for the strategic direction and overview of the work of the Charity. The Chalr of the Trust liaises with a senior member of staff in order to oversee the mana8ement of the Charlty. A norninated Executive Group continues to meet every month to oversee operdtlonal management and in tum Ilalses wlth the board of Dire£tor5 and key staff to maintain a dose working relationship wrth the Company and streamline the decision making pro￿55. During thls period Jeff Lane continued In his posltlon a5 the Chair ol the Board of Trustees and Colin Hlllyer continued as VSce Chair. Appolnlment of N•wTrustoes A 5kllls audit assesse5 skllls and tralning needs In line with priority artivities wlthin the business plan. The appointment of new Trustee5 is undertaken In accordance with adopted 8uidelines and procedures. This include5 appllcation. induction, probatlonary period and formal adoption a5 a member of The 8oard. Review of Flnancial P05itionWe aim to.. Be self-funding from our own acttvitles Undertake growth In a sustalned and planned manner Practice and promote sustainability as a process of making deusions which balance economlc, social and environmentsl factors for positive benefit. The Charlty maintaSns the land and property at the Sustalnability Centre. Its receipts conslst main￿# of: Rent recelpt5 for buildlngs and land occupied by tenant partners Covenanted donations from the South Downs Natural Burial Sfte. Income from Eco Lodge and camping Donations from other charities. grant 8ivlng organisatlons and concerned Individuals Our dependence on extemal grant funding remains reduced. However. any expansion of revenue costs remains a hallen8e and therefore a limitatlon. A number of significant projects remain in development as they will rely heawly on successfully attracting external grant aSd or fundlng for capital projects. REFERENCE AND ADMII4ISThATIVE DEfAILS Reglstered Company Thumber 03011755 IEn8land and Wales} Registered Chality number 1079866 Page 8

0rtoftheT the Year En 31 ReEknered offi The Sustslnability Centre Droxford Road Droxford Road East Meon Petersfield Hampshire GU32 IHR P A Cinlgllo H M aarke Ms C Crothers Ms K Dejon8 C R Hillyer JDLane Ms S E Marshall Ms J Mckenzie J R Saulet Ms V Ruzewicz {appointed 30.6.24} Ms P J Ruzewicz {appointed 30.6.24) TThwaites (appointed 30.6.24} P M Wllcock lappolnted 30.5.241 Independerrt Examlner Bennewith 2018 Limlted tla A J Bennewith & Co Upper Ground Floor 18 Farnham Road Guildford SurrÉy GU14XA Bankers The Ctroperattve Bank PO Box 250 Sk¢lmersdale WN8 6wr Senior memberof stsff in tharze of dayto &y..operntions M5 A Butler (since Febwary 20251 Ms C Seaward (until February 20251 Approved by order of the board oftrustees on... . and signed on its behalf by. ust Page 9

Inde rKlert Eart Inerfs R Tru rt ts the T stees of Independent examlner's reportto the tru5tee5 of Earthworks Trust Umited l*he C4mpanVI I report to the charity trustee5 on my examination of the accounts of the Companyfor the year ended 31 December 2024. Responslbllitiès and basls of report As the charity's trustee5 of the Cornpany land a150 its dlrertors for the purposes of company lawl you are responsible for the preparation of the attounts in accordance with the requirements of the Companies Art 2CK161'the 2006 Act,). Having sadsfled myself that the accounts of the Company are not required to be audlted under Part 16 of the 2￿6 Act and are eliBible for independent examlnatlon. I report in respect of my examinatlon of your chartty's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Adl. In Ca￿ving Out my examination I have followed the Directions gNen by the Charity Commission under Section 145(51 (bl of the 2011 Art. Independent examlnees 5t•tement Slnce your tharity's gross income exceeded £250.OLY) your examiner must be a member of a listed body. l can confirm that l am qualrfied to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, whlch 15 One of the listed bodies. I have completed my examlnation. I conflmi that no matters have come to my attention in connectlon wlth the examination givin8 me cause to believe.. accountin8 records were not kept In respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accord with those records; or the accounts do not comply wlth the accounting requirements of Section 396 of the 2CI)6 Act other than any requlrement that the accounts give a true and falr vlew which Is not a matter considered as part of an Independent examlnation; or the accounts have not been prepared in accordance wlth the method5 and prlnclples of the Statement of Recommended Practice for accountin8 and reportin8 by charities lappli¢able to charities preparin8 their accounts in accordance wlth the Financlal Reporting Standard applicable in the UK and Republic of IreSand IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attentlon Should be drawn In this report in order to enable a proper understanding of the accounts to be ￿athed. A J Bennewith FCA. FCPA. FFA. FFfK FIPA. DChA, FRSA Bennewith 2018 Limited Va A J Bennewlth & Co Upper Ground Floor 18 Farnham Road Guildford Surrey GUI 4XA Date., L?Ig Page 10

EarthworksTrust Limited ment of Hnanchal Activ￿ fo 31.12.24 Totsl funds 31.12.23 Total fvnds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMÉKfs FROM Donations and legacies 290 503IS 65.605 85,639 Other trading aciNitses Investment Income 13.704 343.643 13.704 343,643 8.652 410,543 Totsl 72.637 50,315 422,952 504.834 EXPENDITURE ON Charitsble arti¥ltles Chèritable atttvlties 318.122 358,276 408,617 Other 12.LK16 12.006 Total 330,128 370.282 421,080 Nrf INCOME 509 10,161 52,670 83,754 RECONCIUATION OF FUNL>5 Totsl funds broutht forward 2,742,920 264,268 3,lJ)7.188 2.923.434 TOTAL FUND5 CARRIED FORWARD 2,785.429 274,429 3,059,858 3,1￿.188 The nots5 fonn part ofthese fir￿n￿3] ststements Page 11

works Thi Bala Lsheet 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted fund5 Notes FIXED ASSETS Tanglble assets Social investments 13 14 1132,462 18.489 68,028 91.455 2,200,490 109,944 2,221,178 101,572 2,150,951 159,483 2,310,434 2,322,750 CURRENT ASSErs Debtors Cash at bank 15 573.348 473.371 573.348 588,317 542,127 552,294 114.946 1,046.719 114,946 1.161.665 1.094.421 CREDITORS Amounts fallin8 due wlthin one year 16 18,1541 18,1541 112,7291 NEf CURREKf ASSETS 1,038,565 114,946 1,153,511 1,081,692 TOTAL ASSEfs LESS CURRENT UABIUTIES 3.189,516 274,429 3.463.945 3,404,442 CREDITORS Amounts falling due after more than one year 17 {404,0871 1404,C671 1397,2541 NET ASSETS 2,785,429 274.429 3,059,858 3,007,188 FUNDS Unrestricted funds Restricted funds 18 2,785,429 274.429 2.742,920 264,268 TOTAL FUNDS 3,059,858 3,007,188 The charltable company is entltled to exemptlon from audit under 5ertion 477 of the Companies Act 2C06 for the year ended 31 December 2024. The members have not requlred the company to obtain an audit of its financlal statements for the year ended 31 December 2024 in accordance wtth Section 476 of the Companle5 Act 2QJ6. The trustees acknowledge their iesponsibilities for {a) ensuring that the charitable company keep5 accountin8 records that comply wlth Sections 386 and 387 of the Companies Att 21Y)6 and preparing flnancial statements whlch give a true and fair view of the state of affairs of the charitable ¢ompany as at the end of eath financial year and of its surplus ar deflcit for each financial year in accordance with the requlrements of Section5 394 and 395 and which otherwise comply with the rèquirements of the Companies Act 2006 relating to financial statements. so far as applicable to the tharttable company. {bl The note5 form part of theso financial ststements Page 12 eontlnued...

Earthw Trnst lanee Sheet. These financial statements have been prepared in accordance with the provtsions applicable to charitable companles subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: LS.oq.LS D Lane- Trustee The notes form part of these finanaal statements Page 13

ks Tru ited Cash Flow Sta Yea d3lD ent mber20 31.12.24 31.12.23 Notes Cash Ilows from operatln8 actlvtties Cash generated from operdtlons 68,615 107.940 Net cash provided by operating activl(les 68,615 107.940 C*$h flows from Investlng xtsvitles Purchase of tang5ble fixed a55ets PuTthase of social iTwestments Sale of tangible fixed assets Interest recetved 148,9261 18,3721 6,345 18,361 152,995} 110.113) 17,770 Net tèsh used in investin8 activities 132.592) 145,3381 Change In cash and cash equlvalents In the reportlng perlod C85h and cash equlvjlenls at the Wnnkn8 of the reportln8 perlod 36,023 62,602 552,294 489,692 CBsh ind tash equfvalents at the end i)f the reportlng perfod 588,317 552,294 The nt)tes fonn part of these financial statements Page 14

tothe Cash Flt)wStatemert e Year RECONCIUATION OF NEr Ir4COMETO NEfcASH FLOW FROM OPERAnNG AcfMTIES 31.12.24 31.12.23 Net Income forthe reportir¥ perfod (a5 perthe Statementof Financial ArtfvitiÈg} Adjustments for. Depreciation charges Interest received Ilncreaselldecrease in debtors Increaselldecrease) in creditors 52.670 83,754 63.268 118.361) 1312201 45,432 117,770) 232,460 1235,936) Net cash prtwided by operations 68,615 107.940 ANALYSIS OF CIIANGES IN NEf FUNDS At 1.1.24 Cash flow At31.12.24 Net cash Cash at bank 552294 36,023 588.317 552,294 36,023 588,317 Totsl 552.294 36,023 588.317 The notes fo￿ part of these finanaal Statements Page 15

rthw Trust Noles t he Yea h FIn￿d I Statements nded 31 D 024 ACCOUNTING POUCIES Basls of preprlngthe finandal statemerts The tlnancial statements of the charitable company, whtch is a public benefit entlty under FRS 102, have been prepared in accordance with the Charlries SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (Ffts 1021 lefferttve l January 20191,. Flnancial Reportlng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companie5 Act 2006. The financial statements have been prepared under the historical cost convention. Preparatlon of consolldated flnandal rtatemerts The financial statements contain information about Earthworks Trust Limited as an individual company and do not contain consolidated financial Information as the parent of a group. The tharlty is exempt under Section 39912AI of the Companies kt 2(M)6 from the requlrements to prepare consolldated financlal statements. Changes In ¥ccountlns polldes There have been no Changes to the basls of aecountlng. IrKome and end¢)wments Re¢o8nitlon of Inwmlnl resources Income from grants. legacies, donatlons, appea15. fundrdising and investments is recognised in the Statement of Financlal Activities ISOFAI on receipt providlng there are no conditions that would withhold payment outslde of the charitles control including recelpts whlch are subjert to restrlctlons beouse potential wlthholding 15 In control of the charlty. Inmmlnz resources wlth reknted expendllurn Where Incomin8 re50urce5 have slgnfficant related experKiiture las With fundralsing or contract income), the incoming resource5 and related expenditure are reported 8ros5 Iri the SOFA. Rental income is reported net of collection charles on a receivable basis. GTrnts and donatlons Grants and donations are onty included In the SOFA when the charity has unconditional entitlement to the resources. Tax redalms on donatlon5 and gffts Incoming resources from tsx reclaims a￿ included in the SOFA at the same time as the 81ft to which they relate. ContActual Income and perforn￿nCe related 8rants This Is only included In the 50FA Once the related Boods or servlces have been de1[ve￿d. Glfts In klnd Gifts in kind are acwunted for at a reasonable ettimate of thelr value tD the charity or the amount artually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are i￿luded in the SOFA as incoming resources when recelvable. Donated ser¥lces and fadlltles These are only included in incomin8 resources (wrth an equNalent amount in resources expended} where the benefit to the tharity is reasonably quantifiable, measurable and material. The value placed on these resources IS the estimated value to the charity of the service or facility received. Page 16 contlnued...

Earthw limited Notes to Knancial Year EndÈd men - continu AccouKllN6 pouaES. continued Inwme and endt)wments Volunteer help The value of any volunteer help received is not included in the accounts and is described in the Trustees Annual ReporL Expenditure and liabllities Liabllity re¢ognitlon abilities are recognised in the SOFA on an accruats basls as soon as the￿ b a legal or constructive obli8atlon committing the charity to pay out resources. VAT VATwhl¢h cannot be recovered is Induded with the expense to which it relates. Taxatk)n As a registered charity, the company is exempt from income and corpordtlon tsx to the extent that income and grants are applicable to tharrtsble purposes onty. Governance costs Include costs of the preparatlon and examination of statLrtory accounts. the costs of trustee meetings and costs of any legal advice to trustees on governan￿ or constrtutional matters. Resource allocation Resources expended are all¢>cated to particular attivities Whe￿ the cost relates dlrectly tothat actiwty. Grants with Perf0m￿￿te condhlons Where the charity gNes a grant with conditsons for Its payment being a sperfic level of seNice or output to be provided, such 8rants are only recognised in the SOFA once the redpient of the 8rant has provlded the specified seNice or OLrtPUL Grants payable wlthout ￿rforn￿Thee eorKlitions These are only recognised in the accounts when a commitment has been made and there are no condltions to be met relating to the grant whKh remain in the control of the Charity. Support costs Support ¢OSts indude central fvnctions and have been. allocated to activity cost categories on a basts conslstent with the use of resour￿$. e4. allocating property costs by floor a￿a$, or per capita, staff ¢osts by the time spent and other costs by their usage. Ta￿lble fixed assets for use by tharity These are capitalised rf they can be used for more than one year, and c05t at least £500, They are ￿dIued at cost or a ￿lson3ble value on receipt. They are used for charttable purposes. Depreciation Depreciation is provided on all tsngible fred assets at rates calculated to write off the cost on a straitht line method over their expected useful economic lives as follows: Freehold property and refurbishmerrts èt varlous rates on c05t Plant and mathinery at WdriOUS rates on cost Outdoor construttion at various rates on cost Page 17 continued...

works T Umlted t¢s to the Flnan¢l•l S at for the Ended 3 ments- mber ntlnued ACCOUNTING POUCIE5- ¢ontinued Investments Investments in securitles are valued at closin8 realisable prices at the balance sheet date, The difference between opening and closing valuation ot securities 15 realised as a gain or loss in the Income and expenditure atcount. Funds held bythÈ charlty Funds held are either: Unrestrlcted general funds - these are fund5 which can be used in accordance with the charitable objetts at the discretion of the Trustees. De51gnated/restricted funds - these are funds which can only be used for particular purposes withln the objects of the tharlty. Restrictions arise when specified by a donor or when fvnds are solicited on the expllcit understandin8 that they will be applied to partitular restricted purposes. Capitsl grants Gifts of tangible fixed assets or 8rant5 of a tapktal nature glven for specific purposes and fully utlllsed in the furtherance of the objerts of the charity are eredited to a relevant re5trirted fixed asset fund designated for this purpose. The related fixed asset Is shown on the balance Sheet at the full cost of acqulsltlon and depreciated over the useful Ilfe In accordance wlth the deprec13tlon policy mentloned above. The restrtrted fvnd is transferred to general funds on acqui51tion of the related assets and is not amortised over the life of the assets. Any specific restrirtions Imposed by the grant making body. beyond use by the charity for the purposes of its normal charitable activitie5. on use of the assets, is dlsclosed in the Flxed Assets notes. WINDING UP OR DISSOLUTION OF THE CHARITY If upon windin8 up or dI￿91Ut1on of the char6ty there remaln any assets, after the satisfaction of all debts and Ilabilltie5, the assets represented by the remainlng a¢¢umulated fund sh?11 be transferred to some other charitable body or bodies having similar objects to the charity. DONATIONS AND LEGACIES 31.12.24 31.12.23 Gifts and Donation5 Gift aid Grants 22,282 42,842 43,323 42,791 65.605 85,639 Grants receNed, included in the above, are as follows.. 31.12.24 31.12.23 Capital 8rants Revenue grants 37.250 6.073 37,600 5,191 43.323 42,791 Pa8e 18 continued...

hwoTksTrust LlmitÈd Notes to ancial Statements. co for th Year En nued OThER TRADING ACTivmE5 31.12.24 31.12.23 Fundraising events Rent Income 1.587 12,117 35 8,617 13.704 8,652 INVESfMENf INCOME 31.1124 31.12.23 From trading subsidiaries Deposit account interest Galn or loss on investment 325.282 12.588 5,773 392,773 9.657 8,113 343.643 410,543 CHARrrABLE ACTivmES Cosrs The charity has no dlvtsable charitable artivitses, as Its sole charitsble acti￿lty ts the maintenance of the grounds. Therefore, reallocatlon of support and 80veman￿ costs are not posslble. DIRECT COSTS OF CHARrrABLE ACTivmES 31.12.24 31.12.23 Stsff costs Rates and water Insurance Sundries Subsuiptions Repairs and.renewals Fundraisin8 activityes Legal and Professional Fees Depreciation 29,615 3,285 21.029 4,423 35 48,108 33.808 5,103 17.391 106 35 81377 42 16,285 7.809 63,268 177572 2CKJ,581 Page 19 contInu￿...

orks TTU ted Notss to the fort ndal Sta rEnd nts- contlnued cem GRAp¥fs PAYA8LE 31.12.24 31.12.23 Charitsble artNities 180.704 208A136 The total grants paid to institutions during the year was as follows: 31.12.24 31.12.23 Earthworks Foundation Limited 168,093 208,036 NEf INCOMEIIEXPENDITURE) Net incomellexpenditure} Is stated after charglngllcreditingl: 31.12.24 31.12.23 Depreclation- owned assets 63,269 45,432 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remuneratlon or other beneffts for the perlod ended 31 December 2024 or 31 December 2023. Trust••s' •xp•nses There were no trustees, expenses for the period ended 31 Oecember 2024 or 31 December 2023. ii. srAFF cosrs 31.12.24 31.12.23 Salaries Social Securities Pensions 27,520 31,700 1,291 817 755 T¢tal staff costs 29,615 33,808 The average monthly number of employees during the year was as fDIIow5: 31.12.24 31.12.23 Charitable artivities No employees received emoluments in excess of £60,(￿ {2023: None). Key Management PeT50nnel The Total remuneration paid to Key Management Personnel was £13.48612023.' £16,250>. Retlrement beneflts are accruing for one member of Key Management Personnel12023: one). Page 20 continued...

Notes to t nan nts- continued COMPARATIVES FOR THE sfATEMEPIT OF FINANaAI AcnvmES Unrestricted fvnd Restricted fvnds Totsl funds INCOME AND ENDOWMEpifs FROM Donations and legacies 40.928 44,711 85,639 Other trading artivFties Investment. income 8.652 410,543 8,652 410,543 Total 44,711 504.834 EXPENDrruRE ON Charitable athities Charltsble activitses 368,132 408,617 Other 11463 12.463 Total 380.595 40,485 421,080 NEf INCOME 79,528 4226 83,754 RECONauAmON OF FUNDS Totsl funds brou8ht forward 2,663,392 . 260,042 2,923,434 TOTAL FUNDS CARRIED FORWARD 2,742,920 264,268 3,007,188 Page 21 contlnued...

Earthwor Umit the FIr￿ncl e Year Statements- contln r20 13. TANGIBLE FIXED ASSErs Frpehold property Plant and machinery Outdoor Construction Totals co¥r At l January 2024 Additions Dlsposa15 2,S87.622 36,929 {6,2501 113.fA9 6.709 72.611 5,288 195) 2.773.882 48,926 16,3451 At 31 December 2024 1618,301 120,358 77.804 2.816.463 DEPRECIATION At l January 2024 Charge for year 371.292 57,707 111,340 2,059 70,072 3.503 552,704 63,269 At 31 December 2024 428.999 113,399 73,575 615,973 NET BOOK VALUE At 31 December2024 2,189,302 6,959 4,229 2,2CQ,490 At 310ecember 2023 2.216,330 2,309 2,539 2,221,178 SOCIAL INVEsfMENrs Shares In roup undertakln Invesknents Total Opening balance AddStlons 101,568 8,372 101,572 8,373 Closing balance 109,940 109,944 Net book value Brought forward 101.568 101.572 Carrled forward 109,940 109,944 Pa8e 22 continued...

limited Notes to eF ststements- coiitinu for the Y Er￿ed r20 DEBTORS 31.12.24 31.1213 Amounts falling due within one year. Other debtors VAT Prepayments 381 8.698 279 51 7,792 1.666 9,358 9,509 Arriounts tslling duè after rmre than one year. Amounts owed by group undertakings 563.990 532.618 Aggregate amounts 573348 542,127 16. CT¢EDrroRS". AMOUNTS FAWNG DUE wrrHIN ONE YEAR 31.1224 31.12.23 Trade credttors Social security and othertaxes Penslons Payable Accruals and deferred income 1,753 550 6.255 573 144 5,757 s,ni 8,154 12.729 17. CREDITORS: AMOUNT5 FAWNG DUE AFfER MORE THAN ONE YEAR 31.12.24 31.12.23 Amounts owed to group undertakings 397,254 Pw23 contlnued...

Earth rks Trust ed the Flna Yèar "al Statements- 31 mber ntinued 18. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestrided funds General fund 2.742,920 42,509 2,785,429 Restrfcted funds Burial Slte South Downs Natlonal Park Grant- roof replacement Capital Improvements Restricted - Variou5 Dlocese of Portsmouth South Downs National Park Grdnt EHDCCapitsl South Downs Natlonal Park.Explorers Prolect 91,455 91,455 51.915 108.731 3,436 4,015 4.716 12.8841 49.031 108,731 340 13,0961 14,0151 4,716 19.000 I9,C￿0 1,156 1,156 264,268 10.161 274,429 TOTAL FUNDS 3,007,188 52,670 3,059,858 Net movement in funds. Included In the above a￿ as follows: Incomin8 resources Resources expended Movement in funds Unrtstrlrtod fund$ General fund 372,637 {330,128) 42,509 Restrlrted funds South Downs N3tlonal Park Grant- roof replacement Restricted - Various Diocese of Portsmouth EHDC Capital . EHDC Revenue HCC Capital South Downs National Park-Explorers Project 12,8841 18,5961 14.OlSI 117,2501 13,5651 12,8841 13,0961 14,0151 19,000 5,5CKI 36.250 3,565 12,8441 1,156 50,315 {40,1541 10,161 TOTAL FUNDS 422,952 1370.2821 52.670 Page 24 continued...

Earthworks Trust li Not Financial Ststeme Year 31 mber 2024 MOVEMENT IN FUNDS. contin Comparatlvesfor movement In lunds Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestrfcted funds Generdl fund 2,663.392 79528 2,742,920 Restricted fvnds Burial Stte SoLrth Downs Natlonal Park Grant- roof replacèment Capitsl Improvements Rertricted- Various Diocese of PortsmoLrth South Downs National Park Grant 91,455 91,455 59.516 108.731 12.8851 (4,7161 5L915 108.731 3,436 4,015 4,716 3,096 4,015 4,716 260,042 4,226 264,268 TOTAL FUNDS 2,923,434 83,754 3,¢)07,188 ComparatNe net movement in funds, included in the above are as follows: Incoming resour￿$ Resources expended Movement in funds Unreslrirted funds General fund 460,123 1380.595) 79,S28 Restrirted funds South Downs National Park Grant- roof replaoment Re5trirted- Various Diocese of Portsmouth SDNP-CIL Fund 11885) 12,885) 3.096 4,015 3,096 4,015 37.6(K¢ 137,6001 44.711 {40.485) 4,226 TOTAL FUNDS 504.834 {421,0801 83,754 Page 25 continued...

Earth s Trust Li Notes t fort Hnandal Ststem Year E - contl r 2024 18. MOVEMENT IN FUNDS- contlnued A current year 12 months and prlor year 12 months combined position is as follows: Net movement In funds Transfer5 between funds At 31.12,24 At 1.1.23 Unrestrlrted lunds General fund 2,663.392 122,037 2,785,429 R•strkted fvnds Burial Slte South Downs Natlonal Park Grant- roof replacement Capltal Improvements Restrirted- Various South Down5 National Park Grant EHDC Capltal South Downs National Park-Explorers Project 91.455 91,455 59,516 108.731 340 15,769) 14,716) 49.031 108,731 340 4,716 19,000 4.716 19.CO) 1,1 1,156 2￿,042 14,387 274,429 TOTAL FUNDS 2.923,434 136.424 3,059,858 A current year 12 months and prior year 12 months combined net movement in funds, Included in the abovè are as follow5: Incomln8 resources Resources expended Movement in funds Unrestrlrted funds General fund 832,760 1710,7231 122,037 Restrfrted funds South Downs National Park Grant- roof replacement Restricted - Various Diocese of Portsmouth SDNP-CIL Fund EHDC Capltal EHDC Revenue HCC Capital South Downs Natlonal Park-Explorers Projert 15.769) 18,596) 14,015} 137,6001 {17,2501 13,5651 11,¢X)Dl 15,7691 8.596 4.015 37.600 36.250 3,565 I,OCKJ 19,0 4,OLKJ 12,8441 1.156 9S,026 180.6391 14,387 TOTAL FUNDS 927.786 1791.3621 136.424 Page 26 continued...

arthwo to the Flnancial Statem Year l 0è￿M - corrtinued MOVEMENf IN FUNDS. ¢ontlnued Induded in unrestritted fund5 are the following designated fijrmts.. 31.12.24 31.1223 Generdl reserves General funds set aside for operational andlor capital costs Major Donor Gift Aid 86,6(Kl 118.218 187,5CKJ 118218 I87￿￿) 392318 392318 The 'Burial Site, fund 15 all excess funds from South Downs Natural Burial Site Umited that a￿ donated to Earthworks Trust Limited to supportthe tharitsble objedives. The 'Restricted - Various, funds are grdnts and don4tsons from various sources with restrictions such as the Young Natural Ambassador Prograrnme and the Education Progrdmme. Ea¢h dorkltion is spent according to the donor's Wishes. The'capital Improvements, fund b for capital WLYk5 to bulldings and site Infra5trurture improvements. The 'EHDC Capital, fund comprises two grants. The Rural Fund was a grant received for the Instsllation of a Shepherds Hut on our campsite to improve our all-season accommodation offer for vlsitots. The Grow Up Fund was Eranted to U5 to UP8rade the Centre's Doors & Windows to triple-glazed aptions as an energy savin8 and . improvement initiative. The 'EHDC Revenue, fund: We received Coun¢illor Grants to purchase severdl items of equipment to improve and enhance our education and volunteer programmes such as a new tarpaulin shelter, tools and seeds. Thé 'HCC Capitsl, funds: We received gr4nt funding for the installatTon of Inte￿re￿tIoTr Board5 across our site to showcase sustainable practices and educate visitors. The 'South Downs Nattonal Park Grant.. These 8rants were to fiind the Explorer's education programme. as well as to provide ¥ new roof to our learning hub. Page 27 continued...

Earthwo Trust No Lto the Flnandal S rth rEnd tements- nu r 2024 19. RELATED PARTY DISCLOSURES Amounts owed to group undertakings 31.12.24 31.12.23 Earthworks Foundation Limited Openlng balance Committed donation5 to Foundatlon In yeaf Less: Cash trdnsferred durlng the year 397,254 168,093 1161,2601 628,190 208,036 {438,9721 C105in8 balance 404,087 397,254 Amounts owed by group undertakings 31.12.24 31.12.23 South Downs Natural Burial Ltd Opening balance Donatlons from SDNB Less: Cash transferred during the year 531.773 325,283 (293,9111 758.661 392,733 1619,6211 Closlng balance 563,145 531,773 Wood4Heat Ltd Earthworks FoundatSon Limited Is a connected company limited by guarantee. south Downs Natural Burial Slte ￿rnited and Wood4Heat Limlted are wholly owned subsidiarles of Earthworks Trust knmited. 20. ULTIMATE cofKROWNG PARTY The charity was underthe control of thetrustees throughout the year. 21. FUTURE OPERATING LEASE COMMrrMENTS 31.12.24 31.12.23 Within one year Between one and five years 1,391 696 1.391 2,087 2,087 3,478 Pa8e 28

rthworks Tmst Ltm" Detsiled Stat YÈar End Finantial 31 mbÈr 31.12.24 31.12.23 INCOMEAND ENI)OWMEMrs . Donations and I￿￿e$ Gifts and Donations Gift aid Grants 22.282 42.842 43,323 42,791 65,605 85,639 Other trading acilviti Fundot5ing events Rent Income 1,587 12.117 35 8.617 13.704 8.652 Investment Inu)m¢ Frcm trading subsidiaries Deposlt Ètcount interest Gain or loss on investment 325,282 12.588 5,773 392,773 9,657 8,113 343.643 410,543 Totsl Incoming resourcos 422,952 504,834 ' EXPENDrruRE Charitable actlvlu Wages Social security Pensions Rates and water Insurance Sundries Subscriptions Repairs and renewats Fundraising activities Le8al and Professlonal Fees Freehold property Plant and machinery Depn of outdoorcon5tructlon Gronts payable to subsidiaries Grant expenditure 27,520 31.700 1.291 817 5,103 17,391 106 35 81377 42 16,285 45,157 277 755 3285 21,029 4,423 35 48.108 57.707 4,503 1,058. 168.093 12.611 208,036 358,276 408,617 This page doÈs not fc￿ part of the statutoryfinancial 5tstements Page 29

hw Llm Detsned hey atem ntofFI nclal Att rEnd l Decem r202 31.12.24 31.12.23 charftablè aclfvltles Other Bank tharges Actountanty fees Governan￿ ¢osts 83 11.733 190 82 12,331 so 12,fK)6 12,463 Total resources expended 370.282 421,080 Net Incomo 52,670 83.754 This page does not form part of the statutoryfinancial statements Page 30