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.
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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
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