Company registration number 4137305 (England and Wales} Charity registration number 1087782 (England and Wales) THE CENTRE FOR ENVIRONMENTAL INITIATIVES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE CENTRE FOR ENVIRONMENTAL INITIATIVES LEGALAND ADMINISTRATIVE INFORMATION Trustees Ms M Peglar H Gurr Mrs E Udall T Brake JPBush A Paltison p struik Secretary MrT Lancefield Senior management Trevor Lancefield Company Secrelarylchief Executive Deputy Chief Executive Tansy Honey Telephone E-mail Main Website 020 8404 1522 info@ecolocal.org.uk www.ecolocal.org.uk Country of incorporation United Kingdom (England and Wales) 4137305 Charity registration England and Wales 1087782 Registered office Ecolocal The Lodge Honeywood Walk Carshalton Surrey SM5 3NX Auditor Kingston Burrowes Audit Ltd 308 Ewell Road Surbilon Surrey KT6 7AL Bankers Unity Trust Bank plc Nine Brindley Place Birmingham B12HB
THE CENTRE FOR ENVIRONMENTAL INITIATIVES CONTENTS Page Trustees, report 1- 14 Independent auditovs report 15-17 Slatement of financial activities 18 Balance sheet 19 statement of cash flows 20 Notes to the financial statements 21-33
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial stalements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalemenls and comply with the charitable company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)"
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Board of Trustees presents its report and audited financial statements for the year ended 31st March 2025. EcoLocal is a Carshalton based charily which has a strong track record on building community and individual assets since its original establishment as a Charitable Trust in 1987 and as a Charitable Company since 2001. Our vision is to 'Achieve and sustain strong vibrant communities within a healthy environment,. The objects of the Charity Ithe'objects") are for the public benefit: . l. To promote sustainable development for Ihe benefit of the public by.. the preservation, conservation and the protection of the environment and the prudent use of resources., and b. the promotion of sustainable means of achieving economic growth and regeneration. 11. To advance Ihe education of the public particularly bul nol exclusively in subjects relating to suslainable development and the protection, enhancement and rehabilitation of the environment and to promote study and research in such subjects provided that Ihe useful results of such study are disseminaled to the public al large. Sustainable development means development which meets the needs of the present wilhoul compromising the ability of future generations to meet their own needs. 111. To promote for the benefit of the public, the conservation, protection and improvement of the physical and natural environment, particularly but not exclusively by promoting biological diversity. IV. To promote health, particularly but not exclusively by providing environmental and conservation orienlaled activities in the OLrtdoors and natural environments. V. To promote for the benefit of the public of urban or rural regeneration in areas of social and economic deprivation (and in particular the London Borough of Sutton) by all or any of the following means: a. the advancement of education, training or retraining, particularly among unemployed, underemployed and underskilled people, and providing such people with work experience,. b. the provision of financial (whether direct or indirect) assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed, underemployed or underskilled people in cases of financial or other charitable need through help: lil in setting up their own social enterprise or sustainability related business, or (li) lo existing social enterprises or sustainability related businesses., c. the creation of training and employment opportunities by the provision of workspace, buildings, andlor land for use on favourable terms., and d. the preservation of buildings or sites of historic or architectural importance or of significance for the heritage of the area. Vl. To develop the capacity and skills of the members of the socially and economically disadvantaged community of the London Borough of Sutton in such a way that they are better able to identify, and help meet, their needs and lo participate more fully in sociely. Vll. To further or benefit the residents of the London Borough of Sullon, without distinction of sex, sexual oiienlalion, race or of political, religious or other opinions by associating together the said residents and the local authorilies, voluntary and other organisations in a common effort to advan education and lo provide facilities in the interests of social welfare for recreation and leisure lime occupation with the objective of improving the conditions of life for the residents. Vlll. In furtherance of these objects but not otherwise, Ihe trustees shall have power lo establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. EcoLocal seTves as a hub for a wide range of community led activities, events, and projects. Our organisalion's remit is comprehensive, covering all aspects of suslainabilily, including environmental, community, and economic dimensions. We work with a wide array of people and organisalions including voluntary groups, small businesses, social enterprises, individuals with mental or physical health issues, older people, children, young people, offenders, people with disabilities, families, individuals from various ethnic backgrounds as well as stalulory organisalions.
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 As an integral part of the community, we recognise the significant potential of local resources. Annually, we engage with over 350 groups and organisations, reaching approximately 20,000 individuals. We facilitate over 400 people in volunteering each year, contributing more than 14.000 hours to local projects. Participation ranges from brief commitments, such as a two-hour shift as a steward at the Carshalton Eco-Fair, to several days per week. We provide an environment where individuals can support projects, engage in planning and delivering activities, and ulilise Iheir considerable experience, knowledge, skills, and passion for positive work in the community. The Trustees, Staff and Volunteers all wish lo record our sadness at the loss of Alislair Cruickshank during the year. Alislair had served as a Board member for many years and latterly as Chairman. Alislair's contribution to all our aclivilies and in particular the Lodge projecl had been huge. He will be sadly missed by us all. In alignment with our 'Proje¢l Suilabilily Evaluation Process Regarding Charitable Status Policy, and the Charity Commission's general guidance on public benefit, the following Trustees, review summarises the achievements and key OLJtcomes of our work over the past 12 months. Public benefit The trustees have paid due regard to guidance issued by the Charily Commission in deciding what aclivilies the charitable company should undertake.
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Transport and Travel Inclusive Cycling: These activities are designed lo.. engage the whole community and help make cycling accessible to new audiences encourage people of all abilities to take cycling up bolh for fun and fitness promote cycling as an allernalive means of Iransport provide heallhy outdoor activities thal enable people to socialise, conlribule to community life and avoid isolation encourage the involvemenl of volunteers and trackside supporters (peer supporters) at sessions in a variety of roles, providing work experience for unemployed people, trialling basic cycle maintenance training and enabling people from economically disadvantaged backgrounds to gain skills. During the year these activities were funded as follows: Donations from users & a Gift aid donation from Ecolocal Services Limited A grant from Go-Londonl (Mayor of London) to develop the involvement ofyounger people at sessions. In 2024125 we- delivered 137 inclusive cycling sessions al David Weir Leisure Cenlre, with 980 unique attendees. These are mostly people with disabililies and older people and their relativeslfriends who were able to cycle in a safe, supportive environmenl, generating 6579 individual atlendances. supported by Go-London we also ran 18 family sessions in the school holidays providing inclusive family cycling opportunities, we piloted a work experience scheme with 16 special needs sludents and trialed cycle maintenance training running 16 sessions with 35 young participants maintained our fleet of over 60 accessible cycles and support our Projects Maintenance group which comprises of technical I mechanically experienced volunteers working with unemployed and economically disadvantaged people. We also made some much needed upgrades to our cycle fleet. In survey results from Feb 2025., 89 % scored 8-10 out of 10 for 'sessions helping you become more active,; 890 reported sessions are very effective or extremely 'effective at helping your physical wellbeing,; 920A reported Improved or Signifioanlly Improved 'physical wellbeing since slarting the cycling sessions,, 91°/o raled the cycling sessions as Good or Very Good 'opportunity lo meet other people,. Most students started Ihe work experience element in Spring Term and full feedback is yet to be obtained. However, of those providing feedba(k so far,. 100°/ report Very Good or Good for the following skills.. learning how to be part of a team, meeling and greeting people, following instructions. working with olher people. keeping work area safe. In the next year we will.. Continue to deliver inclusive sessions 3 limes per week Use Go-London funding to continue with cycle maintenance sessions and run the pilot work experience scheme for young people with learning disabilities Seek to work with other audiences not yet reached in particular families with children in disadvantaged areas, and more girls Engage more young people in the project Maintain our IEeet of acoessible cycles Local Food I wildlife and nature Qonservation Carshalton Community Allotment We have a long established food growing project al our Community Allotment in Carshalton. The site is approximately 1400m2 and is fully cultivated. 11 includes raised beds accessible for both standing and wheelchair users, demonstration crop rotalion, herb gardens, herb spirals and herb wheels, a fruit area, square fool garden, English and Kenyan keyhole gardens, container garden, poly- tunnels, storage hut, a classroom and a composting toilet.
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 During 2024125 we delivered 143 therapeutic gardening sessions al Carshalton Community Allotment engaging 182 participants, generating 1,254 individual attendances. These sessions provided., healthy outdoor activities that benefit people's mental and physical wellbeing., enable people to socialise, avoid isolation and obtain exercise opportunities for people to benefil by volunteering to lake part in their community work experience for unemployed people, and enable people from economically disadvantaged backgrounds to gain skills accessible gardening opportunity for people of all abilities to lake part and gain skills in growing organic food promotion of local food production as a benefit lo environmental sustainability promotion of food growing as a means of leading a more healthy lifestyle opportunity lo grow food. Approx 10 /0 of produce was donated to the Sutton Women's Centre food bank. The remainder was shared among session participants enabling them lo take home free, fresh produce that they have helped grow During the year we increased staff and volunteer lime for site maintenance and refurbishment. This included several clear up days, the inslallalion of new shelving and a refurbished bench, more frequent mowinglslrimming and new wooden edges for 18 growing beds. Feedback from a survey with participants {in 2023) showed that 950/0 of service users rated the opportunity to meet other people at community allolment sessions as 'good' or 'very good,. 810/0 said they benefited from getting more exercise at the sessions. 950/0 said they valued the happiness and enjoyment they gol from the sessions and benefited from getting outdoors. During the year these activities were funded as follows- donations (derived mainly from local events) income from our horticultural training activities In the next year we will deliver 3 sessions per week al Carshalton Community Allotment seek opportunities to apply for further funding to develop this work further improve the infrastructure at the allotment support volunteers to raise funds through sale of plants and at local events carry out another feedback survey with participants Victorian Walled Garden The Victorian Walled Garden at the Lodge provides a tranquil space hidden away behind the historic walls and buildings. The garden was neglected for many years before we took it on as part ofthe Lodge project. During 2024125 we engaged the community to continue renovating and using the Victorian Walled Garden- we ran 43 volunteer sessions with 24 participants. This enabled volunteers to contribute their knowledge and skills and help with a variety of tasks, to develop fruit, flower and herb beds and manage vegetable growing areas, increase use of greenhouse for raising plants to sell and establish polled plants we engaged a further 6 skilled volunteers in renovating the garden at times throughout the year other than during volunleer sessions established a large new flower garden outside the front of the Garden Hall completed renovation of the South wall, continued renovations to the West wall and constructed a new west retaining wall with 3 sets of second hand stone steps completed the build and inslallalion of a cold frame managed 5 large central growing beds organically, with crops harvested and given lo volunteers and planted out the south facing bed we also managed trees in Ihe garden in accord wilh conservation area requirements Local people were able to contribute to improving their environment and local biodiversity, they benefitled their own wellbeing through taking part in sessions and activities in the garden, and used the greenhouse for plant propagation lo help raise funds for the community allotment.
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The garden was also used for numerous eco-wellbeing garden tea parties and horticultural training workshops. During the we raised funds toward these as follows., £500 from the Wales Grant Foundation Just under £1,500 in private donations In the next year we will.. Seek opportunities to raise further funds for renovation works Continue renovation of the walled garden and in particular the west wall and Ihe area around the main enlrance Increase planting in the garden to grow a wider range of fruit, vegetables, herbs and flowers and establish a new shrub area to encourage birdlife Continue to provide heallhy outdoor activities that benefit people's mental and physical wellbeing,. enabling people to socialise, avoid isolation and obtain exercise Seek to engage and support more volunteers Horticultural Training In 2024125 we continued to develop our gardening workshops, We: delivered a ten-week Gardening Fundamenlals course delivered 15 additional one-day workshops on a variety of horticultural subjects engaged 133 allendances which increased horticultural skills and knowledge supported 2 local schools with food growing gardens in Iheir school grounds In addition to the educational benefits, the courses helped raise funds towards our other community gardening activities. In 2025126 we plan further one-day workshops, another 10 week course and an organic gardening 6 week course. Energy {Wann Rooms) - We continue lo hold a small level of funds for this project which will be reviewed again in the coming months. Recycling and Waste - In all our activities we encourage reuse, repair and recycling and we promote this message wherever possible. No specific funds were used against this heading during the year. Cross-cutting Environmentsl Sustainability Eco-Fair Held in the picturesque surrounds of Carshalton Park, we organise Ihis community event annually with help from over 75 volunteers. The evenl enables us to raise funds for our charitable activities locally and helps promote pro- environmental behaviours and participation in community projects. It is one of the borough's largest public events with over 160 organisations participating. Around half of these are community and voluntary sector organisations attending lo engage people in.. environmental education and awareness raising social enterprise and skills development community wellbeing activities opportunities to take part in shaping their local communilies Ihroughoul the year A significant number of small local craft, wellbeing and environmentally sustainable businesses attend. Local bands and entertainers perform on Ihree solar powered stages. We provid a free bus service lo and from the event. The event provides a significanl oullel for many of Ihe community organisalions and groups allending, both in terms of engaging with the public and for fundraising. Our survey work indicates thal the most typical visitors are people who are not averse to taking an interest in the environment and who, when information is made available to them, respond positively to it. 710/0 of those suNeyed at the fair said that they would take, or would consider taking, further actions to do their bil for the environment as a result of attending the fair.
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The 2024 event was a great success, enabling us to raise funds toward our local projects. We ran the event again in August 2025. Frost Fair This event was run in partnership with Friends of Honeywood Museum who are responsible for activities inside the museum. The event was held in the picturesque setting surrounding Carshallon Ponds in December 2024 and was well attended by the local public. It featured entertainers, choirs and musicians and 39+ organisations of which al least 6 were community and voluntary sector and the rest were local food producers and crafts people. The event helped promote= opportunities to take pari in local groups and local environment related activilies volunteering opportunities for over 50 local people sustaillable shopping social enterprise and skills development Eco-WellbeinglEco-Tea Project {'Garden Tea'} Our eco-wellbeing project helps people with mild mental health conditions and l or older people to reduce social isolation and loneliness and improve mental health and wellbeing. The project comprises a weekly 'Garden Tea, party meet up at The Lodge combined with a range of ecotherapy aclivilies. In 2024125 we delivered.. 45'Garden Tea, eco-wellbeing sessions at The Lodge allended by 55 unique allendees. Activities included,. nature walks, art therapy, meditation, tai chi, drumming, aromatherapy, sound appreciation, chair based yoga, plant propagation, various nature based crafls and more Feedback from attendees during the year showed that.. 100°/o rated the project a good or very good opportunity to meet others, 95 % enjoyed the aclivilies, and 86Qlo rated sessions as goodlvery good al improving their mental wellbeing The project was funded by approximately £11,000 from cash donations at events and at sessions The projecl will continue next year in the same successful format. Development of The Lodge Community Facilities In January 2018, the charily secured a 125-year lease for premises to establish a community centre, benefiting local residents and preserving The Lodge buildings, which are of significant heritage value to the area. To support this development, the charity engaged architects, sutveyors, solicitors, valuers, and accountants to provide expert advice. The Trustees diligently addressed the complex issues involved and are confident Ihat the benefits to the charity in achieving ils objectives are highly significant. The charity (along with the residenls) makes a contribulion towards the service charges of the sile. In 2025 the costs contributed amounled to £9,274 (2024.. £8,666). This past year, efforts have been GOnntrated on the planned improvements lo community facilities. These enhancements. affecting various parts of the site, will Continue over several years. Our three new indoor spaces have been in use by a wide range of local community and charity organisalions. Our offices and faclities on site provide a base for the charity lo deliver our diverse activities and events within the local community. We also provide a base for groups such as Sutton Nature Consewvalion Volunteers. Biodiversity Educators, the local branch of Tools for Self Reliance and others. Additionally, the Victorian Walled Garden al the rear of the sile is utilised for a variety of community wellbeing aclivilies. These enhancements have been supported by numerous skilled and enthusiastic local volunteers, to whom we extend our ongoing gratitude and Ihanks. Over the next year, we will continue to.. Provide facilities for various community organisations, social enterprises and individuals Carry out planned improvement works to enhance community facilities further Provide a significant number of volunteer opportunities as part of on-site activities. Deliver our own charitable and social enterprise activities based at The Lodge. Trustees have set aside an initial £370,000 for the developmenl and maintenance of the facilities
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 EcoLoGal Services Ltd {ESLI EooLocal Services Ltd is a social enlerprise that collaborates closely with the EcoLocal charily to deliver activities requiring a more commercial approach. Staff payroll for ESL is managed by the charity, as some staff members are employed by both entities. ESL provides additional income lo the charily through gift aid. All profrts generated by ESL activities during the year are donated to the EcoLocal charity. This year, ESL'S activities focused on the operation of the Wallinglon Farmers, Market. Key activities included: Running 12 markets and enhancing the market offer by recruiting new stalls. Supporting local community groups by offering free stalls. Providing new business startup opportunities and assisting youth enterprise. Promoting and raising funds for the activities of Ihe EcoLocal charity. Next year we plan to develop a basic gardening se1 as part of ESL'S activity. Social Media We maintained our so¢ial media presence and encouraged individuals to join our free email listing. Our aggregated contacts across all social media platforms, lolal over 16,000 people. Social media significantly enhances our abilily to communicate with the public. Financial review At the end of the year, unrestricted funds carried forward amounted to £1,363,803, compared lo £1,232,556 in the previous year. Restricted funds carried forward were £120,117, up from £111,396 in the previous year. We received grants and donations totaling £170,078 during the year. Through our charitable activities, we raised an additional £40,893. Investment income including gift aid donations from our trading subsidiary, Ecolocal Lodge Development Ltd and bank interest was £126,356. Total income for the year was £337,327, compared to £596,244 in the previous year. Total expenditure amounted to £197,359, compared to £241.544 in the previous year. Net assets carried forward on the balance sheet at the year-end were £1,483,920 compared to £1,343,952 in the previous year. The charity successfully managed all funded projects in accordan with agreements made with funders. Overhead costs were covered through a combination of grant contributions, recovery of project costs, contracts, general and gift aid donalions. The charity's financial management integrity is ensured by the diligence of its Truslees, staff, and volunteers. EcoLocal's principal funding sources were: Donations EcoLocal Services Lld and Ecolocal Lodge Development Ltd donations via gifl aid and recovery of project costs Granls Investment income
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy 11 is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be mainlained al a level equivalent lo belween three and six month's expenditure. The trustees consider that reseNes at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitable company's currenl activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Board of Truslees has reviewed the charity's reserve requirements in light of Ihe main risks to the organisation. A policy has been eslablished whereby the unreslricled funds not committed or invested in langible fixed assets should be equivalent lo 3-6 months of overall unrestricted revenue expenditure. The unrestricted general funds at year-end were £143,934. EcoLocal holds general fund reserves for Ihe following purposes.. To buffer fluctuations in income. To cover ongoing commitments, including the lease on premises at The Lodge, Honeywood Walk, Carshaflon, and salary and associaled payments for staff. Notice would need to be given and costs incurred if these commitments were lo be cancelled. To fund projects, including improvements to our premises at The Lodge. The charity occasionally uses reserves to start projects or pilot schemes while awaiting funding application outcomes and lo provide cash flow for projects and conlracts funded in arrears. Restricted fund reserves are held as unexpended balances of trust funds and other grants and donations received for specific purposes. Pensions Pensions were provided in accordance with our pensions policy, which aligns with government policy. Four members of staff continued to participale in Ihis scheme. Provision has been made in next yearfs budget to cover pension costs as required. Investment Policy Aside from maintaining a prudent amounl in reseTves each year, most of the charity's funds are albcaled to the Building Development and Maintenance Fund and to underwrite shortfalls in core costs. After considering the available options, the Board of Trustees has decided to maintain deposit and reserve accounls with established building socielies or banks. Designated Funds Building Development and Maintenance Fund The charity has significant responsibilities in managing the premises at the Lodge. These responsibilities include a commitment to completing further works on the community hall, outhouses, workshops, offices and the Victorian walled garden in the short and medium term, bringing additional benefils lo the local community as agreed via our original consultations. These responsibilities also include a requirement to maintain what is a significant sized eslale on behalf of the community. The Trustees have therefore stralegically planned beyond the annual operational plan and budget to identify risks and capital spending needs that cannot be met from a single year's anlicipaled income. As such, Building Development and maintenan funds have needed to be set aside lo finance these woths and lo manage the existing assets for the local community. Reorganisation Fund This fund reflects potential redundancy costs that the charity could incur if it were to cease operations.
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk Management The Board of Trustees has identified and assessed risks that could face the ch8rity'. Covering Core Management Costs.. This risk can be mitigated by.. Diversifying and broadening the charity's funding base and ensuring adequate levels of management capacily and accommodation costs are included in grant applications Maintaining the 'social enterprise, culture wilhin the organisation so that relevant projects work loward self-fundinglincome generation in the medium term. EcoLocal S8Tvices Ltd (ESL), an unconnected social enterprise contributes annually through gift aid profits to the EcoLocal charily Ensuring that the best investment return possible is achieved from the premises, which includes f residential flats and facilities for hire Highlighting the organisation's success in delivering required outcomes at good value for money to users, donors and relevant funding bodies Premises Management and Maintenance.. There are significant responsibilities in managing the premises at the Lodge. Risks can be miligated by.. Investing in and fundraising for further improvements to the community facilities so that their value lo the charity and the local community are maximised Ensuring that all maintenance and safely checks are carried out by Competent individuals as required e.g. gas safety checks, fire system checks elc Ensuring that all policies and procedures are up to date and that staff and volunteers are sufficiently trained in these Ensuring sufficient designated funds are held in reserve in order to cover future maintenance costs for the estate Provision of skilled volunteering opportunities Lack of Recognition of Our Work.. This risk can be mitigated by.. Using the 'working name, EcoLocal and its branding, alongside our website, Mailchimp email system, and various social network to regularly communicate the charity's activities. Data Privacy.. We seek to mitigate the risk of data privacy breaches by.. ensuring that our policies and ProdureS have been implemented to ensure compliance with GDPR legislation. Plans for future periods 2025-2026 Budget The charity's budget for the 2025126 financial year anticipates further investment costs for The Lodge premises project, maintenance and insurance costs, expenditure on core staff, project costs, and necessary overheads. Restricted fund projects will align with agreements made wilh funders and donors as appropriate. 10-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management Governing Document The Centre for Environmental Inilialives (CEI), now known as EcoLocal, is a company limited by guarantee (incorporated on 8 January 2001) and registered as a charity (registered on 31 July 2001). Following 2 strategic review, which included delailed communication with current beneficiaries and the wider local community, the charity modernised ils governance arrangements by adopting new Articles of Association and expanded its charitable activities in June 2015. The new Memorandum and Articles of Association reflect recent leg21 updates since Ihe Charities Acl 2006 and consolidated into the Charities Act 2011. Legal advice was soughl, and agreement from the Charity Commission was obtained for these changes. In the event of the CEI charitable company being wound up, members are required lo contribute an amount not exceeding £1. The trustees, who are also the directors for the purpose of company law, and who served during theyear and up to the dale of signature of Ihe financial statements were.. Ms M Peglar H Gurr Mrs E Udall T Brake JPBush A Paltison P Slruik Alislair Cruickshank (Resigned 25 August 2024) 11
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recruitment and Appointment of The Board of Trustees The Board of Trustees manages the charity's husiness.11 consists of beiween three and ten Trustees appointed by the Board. All Trustees automatically become members of the charity, and their names are entered into the charity's register of members. Trustees are eligible for re-appointment at Ihe Ihird AGM (or Appointment Board Meeting) after their last appointment. Membership ceases if a Trustee resigns from the Board. All appointmenls, retirements, or removals of Trustees and the Company Secretary must be notified to Ihe Registrar af Companies at Companies House. In the event of losing particular skills from the Board due to retirements, replacement Trustees are sought from the charity's local networks to maintain a broad mix of skills and experience relevant to the charity's work and reflective of the communities served. The Board currently consists of seven members.. four male and three female., four describe themselves as having a disability. Trustees are provided with additional training as needed. Trustee Induction and Training Candidates are typically familiar with one or more of EcoLocal's activities. New Trustees are recruited for specific duties or to complement the skills of existing Board members. An initial interview with the Chief Executive and Chair of Trustees is held to discuss the candidate's potential role. A further meeting with the Chief Executive defines the induction and training process. New Trustees receive.. A summary of the main duties and responsibilities of Board members. A copy of the Memorandum and Articles of Association (and related rules). Copies of the last two years, Trustee's Annual Report and Audited Financial Slalements. Additional publications from the Charity Commission. Copies of recent Board meeting minutes. Key operalional documents, including policies and procedures. New Trustees must altend three introductory training sessions to familiarise themselves with staff, volunteers, currenl projects, objectives, and future plans. These sessions usually involve Ihe Chief Executive, the Chair of Trustees, and other personnel as needed. A training plan is agreed upon and inlegrated into the overall training strategy. An initial work plan is established to outline main duties and routines. After three months, new Trustees provide feedback on their induction. 12-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisational Structure EcoLocal's Board of Trustees consists of between 3 and q O members who typically meet quarterly lo oversee the strategic direction and policies of the charity. Currently, the Board has seven members from diverse professional backgrounds relevant lo the charity's work. The Company Secrelarylchief Executive and Depl, Chief Executive allend Board meetings but do nol have voting rights. Three sub-committees have been established.. Business Planning Sub-committee. Finance Sub-commillee, and Personnel Sub-committee. The maintenance and development of these ¢ommillees is ongoing as a part of a governance review. The Chief Executive is responsible for maintaining and developing the charity's strategic planning in collaboration with the Board of Trustees and the Business Planning Sub-committee. The Chief Executive has day-to-day operational responsibility for service provision, which includes.. Ensuring the charity delivers specified services and meets key performance indicators. Managing the building, ICT, and resources. Supervising and developing staff in line with best practices. Maintaining financial and budgetary control in overall charity operations and individual projects, in conjunction with Ihe Finance Sub-committee. Conducting fundraising activities, in conjunction with the Business Planning Sub-committee. Overseeing public relations efforts. Acting as Company Secretary. The Deputy Chief Executive handles the daily operations of individual projects, fundraising aclivilies, building management, business development, and contributes lo strategic planning and public relations work. The trustees are responsible for setting the remuneration of the CEO and Deputy CEO. This is reviewed annually as part of the Budget process and with regard to the rates for similar roles in the sector. Ensuring Work Delivers the Charity's Aim EcoLocal's Project Suitabilily Evaluation Process Regarding Charitable Status Policy guides the assessment of potential projects and the review of existing projects to ensure alignment with our broader charitable objectives and community benefit. Each Trustee is also responsible for a Governance review of an individual project. The Charity Commission's general guidance on public benefit is also considered when reviewing aims and objectives and planning future aclivilies. In this way, the Trustees ensure planned activities contribute lo the established aims and objectives. Statement of trustees. responsibilities The trustees, who are also the directors of The Centre for Environmental Inilialives for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Iruslees lo prepare financial statements for each financial year which give a true and fair view of Ihe slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial slatemenls, the trustees are required to.. select suilable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP 2019 (FRS 102),. make judgements and estimates that are reasonable and prudent., and prepare the financial slalements on the going concern basis unless il is inappropriate to presume that the charitable company will continue in operation. 13-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charilable company and enable them to ensure that the financial stalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities. Auditor In accordance with the company's articles, a resolution proposing Ihat Kingslon Burrowes Audit Ltd be reappoinled as auditor of the company will be pul al a General Meeting. Disclosure of information to auditor Each of the Iruslees has confirmed that there is no information of which they are aware which is relevant to Ihe audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriale steps to identify such relevant information and to establish that the auditor is aware of such information. Exemption Statement The Truslees, Report has been prepared in accordance with Ihe special provisions of Part 15 of the Companies Act 2006 relating to small companies. The truslees, report was approved by the Board of Trustees. T Brake Treasurer A Paltison Chair of Trustees 19 December 2025 14-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CENTRE FOR ENVIRONMENTAL INITIATIVES Opinion We have audited the financial statements of The Centre for Environmental Initiatives {Ihe 'charitable company'l for the year ended 31 March 2025 which comprise the slalemenl of financial aclivilies, the balance sheet, the slatemenl of cash flows and notes lo the financial statements, including significant accounting poli¢ies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicab18 in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial stalemenls= give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for Ihe year then ended", have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Inlemational Standards on Auditing (UK) (ISAS IUKII and applicable law. Our responsibilities under those standards are fLJrther described in the Auditors responsibilities for the audit ol the financial sÈaÈem8nts section of our report. We are independent of the charitable company in accordance with Ihe ethical requiremenls that are relevant lo our audit of the financial slatemenls in the UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relaling to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's abilily to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does nol cover the other information and, except ta the extent otheiSe explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing to report in this regard. 15-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF THE CENTRE FOR ENVIRONMENTAL INITIATIVES Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, report for the financial year for which the financial statemenls are prepared, which includes the directors, report prepared for the purposes of Gompany law, is consistent with the financial statements., and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and ils environment obtained in Ihe course of the audit, we have not identified material misslalements in Ihe directors, report included within the trustees, report. We have nothing to report in respect of Ihe following malters in relation lo which the Companies Act 2006 requires us to report to you if, in our opinion= adequale accounting records have not been kept, or retLtrns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of truslees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit,. or the trustees were not enlilled to prepare the financial statements in accordance with the small companies regime and take advantage of Ihe small companies, exemptions in preparing the trustees, report and from the requirement lo prepare a slrategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the prepaFation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the truslees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Ihe trustees either intend to liquidate the charitable company or to cease operations, or have no realistic allernalive bul lo do so. Auditor's responsibilities for the audit of the financial ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from malerial misslatemenl, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatemenl when il exists. Misslalements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulalions. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our prOdureS are capable of detecting irregularities, including fraud, is delailed below. 16-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE CENTRE FOR ENVIRONMENTAL INITIATIVES Enquiry of management and those charged with governance about actual and potential litigation or claims and the identification of non-compliance with laws and regulations. Reviewing minules of meetings of those charged with governance. Reviewing financial statement disclosures and lesling to supporting documentalion to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including testing journal entries and other adjustments for appropriateness,. assessing whether the judgements made in making accounting eslimales are indicative of a polenlial bias,. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misslalement due to fraud. Professional scepticism in course of the audit and with audit sampling in material audit areas. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial slalemenls or non-compliance with regulation. This risk increases the more that Complian with a law or regulation is removed from the events and transactions reflected in the financial slatemenls, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at.. hllps'.11 www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditovs report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charilakAe company's members those matters we are required to state to them in an aLJditor's report and for no other purpose. To the fLJllesl exlenl permitted by law, we do not accept or assume responsibility to anyone olher than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Kevin Fisher BA FCA CTA {Senior Statutory Auditor) For and on behalf of Kingston Burrowes Audit Ltd, Slatulory Audilor Chartered Accountants 308 Ewell Road Surbiton Surrey KT67 Date-. 17-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable activities Investments 82,202 87,876 40,893 170,078 40,893 126,356 87,864 87,888 37,180 175,752 37,180 383,312 126,356 383,312 Total income 208.558 128,769 337,327 471,176 125,068 596,244 Expenditure on: Raising funds Charitable activities 2.514 74.797 2,514 194,845 2,219 133,319 2,219 239,325 120,048 106,006 Total expenditure 77,311 120,048 197,359 135,538 106,006 241,544 Net income and movement In funds 131,247 8,721 139,968 335,638 19,062 354,700 Reconciliation of funds: Fund balances al 1 April 2024 1,232,556 111,396 1,343,952 896,918 92,334 989,252 Fund balances at 31 March 2025 1,363,803 120,117 1,483,920 1,232,556 111,396 1,343,952 The slalemenl of financial aclivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 21 to 33 form part of these financial statements. 18-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investment property Investments 13 14 15 447,453 380,000 379,693 380,000 827,454 759,694 Current assets Debtors Cash al bank and in hand 17 11,267 648,101 26,350 565,928 659,368 592,278 Creditors: amounts falling due within one year 18 {2,9021 (8,020) Net current assets 656,466 584,258 Total assets less current liabilities 1,483,920 1,343,952 The funds of the charitable company Restricted income funds Unrestricted funds - General funds Unreslricted funds- Designated funds 19 20 20 120,117 111,396 143,934 1,219,869 80,447 1,152,109 Tolal unrestricted funds 1,363,803 1,232,556 1,483,920 1,343,952 These financial slatements have been prepared in accordance with the provisions applicable to companies subject lo small companies regime. The notes on pages 21 to 33 form part of these financial statemenls. The financial statements were approved by the trustees on 19 December 2025 T Brake Treasurer A Paltison Chair of Trustees 19
THE CENTRE FOR ENVIRONMENTAL INITIATIVES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operalions 24 23,577 10,781 Investing activities Purchase of tangible fixed assets Investment income received 167,760) 126,356 383,312 Net cash generated from investing activities 58,596 383,312 Financing activities Repayment of bank loans {19,060) Net cash used in financing activities {19,060) Net Increase in cash and cash equivalents 82,173 375,033 Cash and cash equivalents at beginning of year 565,928 190,895 Cash and cash equivalents at end of year 648,101 565,928 The notes on pages 21 to 33 form part ofthese financial statements. 20-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity Tnformation The Centre for Environmental Initiatives is a private company limited by guarantee incorporated in England and Wales. The registered office is Ecolocal, The Lodge, Honeywood Walk, Carshalton, Surrey, SM5 3NX. 1.1 Basis of preparation The financial slalemenls have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102)" The charitable company is a Public Benefit Enlity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of Ihe charitable company. Monetary amounts in these financial statements are rounded la the nearest £. The financial slalemenls have been prepared under Ihe historical cost convention, modified lo incEude the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the time of approving Ihe financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees conlinue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitsble funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial stalemenls. Endowment funds are subject to specific conditions by donors that the capilal must be maintained by the charitable company. 1.4 Income Income is recognised when the charitable company is legally entitled lo it after any performan conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipl. Other donations are recognised once the charitable company has been nolified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othejwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. 21
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Gontinuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefils will be required in settlement, and Ihe amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of Ihe total of dir&t costs and shared costs, including support costs involved in undet1aking each activity. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute lo more than one activily and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are 211ocaled on the basis of lime spent, and deprecialion charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less Iheir residual values over their useful lives on the following bases.. Leasehold land and buildings Plant and equipment Land not depreciated. Buildings at 2Q/o Straight line basis 200/0 Straight line basis The gain or loss arising on the disposal of an asset is deteimined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in Ihe statement of financial activities. Assets costing less than £350 are not capitalised. The assets under construction additions represent costs incurred in the course of development and construction of the property known as The Lodge, Honeywood Walk, Carshalton, Surrey and so no depreciation is required to be charged at this slage. Assets under construction includes ils purchase price, including legal fees, design and other direct costs altribulable lo the development including borrowing costs. 1.7 Investment property Investment property, which is property held to earn rentals andlor for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently il is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recA)gnised in profit or loss. 1.8 Fixed asset investments Fixed asset investments are initially measured al transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting dale. Changes in fair value are recognised in net incomel(expenditurel for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charitable company. Control is Ihe power to govern the financial and operating policies of the entity so as to obtain benefits from its activilies. -22-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.9 Impairment of fixed assets At each reporting end dale, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafls are shown within borrowings in current liabilities. 1.11 Financial instruments The charitable company has elecled to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '01her Finanoial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the nel amounls presented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to sellle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at Iransaclion price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debl instruments are subsequenlly carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as currenl liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which Ihe employee's services are received. Termination benefits are recognised immediately as an expense when Ihe charitable company is demonstrably committed to lerminale the employment of an employee or to provide termination benefits. -23-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the charitable company's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors Ihal are considered to be relevant. Actual results may differ from these estimates. The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both Gurrenl and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Legacies 82,202 87,876 170,078 3,741 84,123 87,888 91,629 84,123 82,202 87,876 170,078 87,864 87,888 175,752 Income from charitable activities Restricted funds 2025 Restricted funds 2024 Various grants and contracts for green and environmental projects Performance related grants 40,893 37,180 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Rental income Gift aid donations from subsidiary Interest receivable 47,979 72,563 5,814 34,361 347,418 1,533 126,356 383,312 -24-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Support costs 2,514 2,219 25-
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THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Staff Costs Provision of premises offi Adminislralion Insuran, Professional and Bank costs Governance costs 2,500 17,441 5,045 5,351 5,669 2,161 18,896 6,438 5,010 5,378 36.006 37,883 Analysed beeen. Fundraising Transport and Travel Growing and Greening Cross-cutting environmenlal suslainability 2,514 9,258 5,831 18,403 2,219 9,803 8,225 17,636 36,006 37,883 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(¢reditingl'. Fees payable for the audit of the charity's financial statements 2,353 2,209 10 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. 11 Employees The average monthly number of employees during the yearwas.. 2025 Number 2024 Number Average number of employees 13 13 Employment costs 2025 2024 Wages and salaries 98,817 83,775 There were no employees whose annual remuneralion was more than £60,000. 27-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employees {Continuedl Remuneration of key management personnel The remuneration of key management personnel was as follows.. 2025 2024 Aggregale compensation 45,613 37,790 12 Taxation The charity is exempt from laxalion on its activilies because all its income is applied for charitable purposes. 13 Tangible fixed assets Leasehold Assets under land and ¢onstructlon bulldings Total Cost At 1 April 2024 Additions Other changes 379,693 379,693 67,760 515,213 (447,453) (447,453) 447,453 At 31 March 2025 447,453 447,453 Carrying amount At 31 March 2025 447,453 447,453 At 31 March 2024 379,693 379,693 14 Investment property 2025 Fair value At 1 April 2024 and 31 March 2025 380,000 15 Fixed asset investments other investments Cost or valuation Al 1 April 2024 & 31 March 2025 Carrying amount Al 31 March 2025 Al 31 March 2024 28-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Fixed asset investments (Continued) 2025 2024 Other investments comprise.. Notes Inveslments in subsidiaries 23 The company's investment in its subsidiary company represents the cost of acquisition of the whole of the ordinary share capital of EcoLocal Lodge Development Ltd which was set up to participate in the development of a property. The aggregate capital and reserves at 31 March 2025 was £10,631 {2024'. £92,575). The company reported a loss for the year of £81,944 (2024: a loss of £411,885). 16 Contingent assets Contingent assets Total grant funding awarded as al 31 March 2025 but not yet received and recognised as income due lo the recognising crileria not being mel amounts to £10,153 {2024.' £Nill. 17 Debtors 2025 2024 Amounts falling due within one year.. Other debtors Prepayments and accrued income 8,707 2,560 21,631 4,719 11,267 26.350 18 Creditors: amounts falling due within one year 2025 2024 Trade creditors Amounts owed lo subsidiary undertakings Other creditors Accruals and deferred income 2,360 627 5,032 2,901 2,902 8,020 -29-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 Inclusive CyclinglGear-Up Carshalton Community Allotment Greener Schools NeOrk Vitorian Walled Green Horticultulal Training Eco-lea Volunteer Celebration Event Warm RoomslL8S Eco-Fair Frost Fair Go-London 21,979 18,071 27 1.970 1,650 13,337 36,131 13,8S5 (34,4001 (13.574) 23,710 18,392 27 51 5,345 15,074 150 1,611 48,126 6,785 846 1.986 8,323 11,013 150 {3.905) {4,628) {9,276) 1,611 46,544 6,207 39,886 6,904 10,481 138,304) (6,326) (9,635) 111,396 128,769 (120,048) 120,117 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 Inclusive CyclinglGear-Up Carshalton Communily Allotment Greener Schools Network Viclorian Vvalled Green Horticultural Training Eco-lea Volunteer Celebration Event Warm RoomslLBS Communily Hall (Awards for All) Eco-wellbeing Eco-Fair Frost Fair 21,441 12,151 27 661 3,505 6,939 720 1.611 (9) 3,839 37,471 3,978 35,149 16,321 {34,611) (10,401) 21,979 18,071 27 1,970 1,650 13,337 4,066 3,648 17,451 <2,757) <5.503) (11,053) {720) 1,611 (3,839) <31,867) (5,264> 40,940 7,493 46,544 6,207 92,334 125,068 (106,0061 111,396 30-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General Fund Tangible Fixed Asset Fund Reorganisation Fund Building Development and Maintenance Fund Inveslmenl Property Fund 80,447 379.693 22,416 208,558 {77,311) (67,7601 67,760 143,934 447,453 22,416 370,000 380,000 370,000 380,000 1,232,556 208,558 (77,311) 1,363,803 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General Fund Tangible Fixed Asset Fund Reorganisation Fund Building Development and Maintenance Fund Investment Property Fund 114,809 759,693 22,416 471,176 (135,5381 (370,000) (380,000) 80,447 379,693 22,416 370,000 380,000 370,000 380,000 896,918 471,176 {135,538) 1,232,556 21 Analysis of net assets beeen funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Investment properties Investments Current assetsl(liabilities) 447,453 380,000 447,453 380,000 536,349 120,117 656,466 1,363,803 120,117 1,483,920 31
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analysis of net assets between funds (Continued) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024". Tangible assets Inveslmenl properties Investments Current assetsl{liabilitiesl 379,693 380,000 379,693 380,000 472,862 111,396 584,258 1,232,556 111,396 1,343.952 22 Related party transactions 2025 Related party Relationship Details Amount Balance Ecolocal Lodge Development Ltd Subsidiary Interest free loan repayable on demand £Nil (£1) Ecolocal Lodge Development Lld Subsidiary Gift aid donations £72,563 £Nil Ecolocal seNis Ltd Directorsttrustees Gift aid donations £15,357 £Nil Ecolocal Services Ltd DirectorSrusteeS Recharged expenses £4,246 £Nil 2024 Related party Relationship Details Amount Balance Ecolocal Lodge Development Lld Subsidiary Interest free loan repayable on demand £Nil {£1) Ecolocal Lodge Development Ltd Subsidiary Gift aid donations £347,418 £Nil Ecolocal Services Lld DirectorSrusteeS Gift aid donations £Nil £Nil Ecolocal Services Ltd Directorsttruslees Recharged expenses £3,768 £Nil -32-
THE CENTRE FOR ENVIRONMENTAL INITIATIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Subsidiaries These financial statements are separate charitable company financial stalements for the year ended 31 March 2025. Delails of the charitable company's subsidiaries at 31 March 2025 are as follows.. Name of undertaking Registered office Nature of business Class of shares held /0 Held Direct Indirect Ecolocal Lodge Developmenl Ltd Ecolocal, The Lodge, Honeywood Walk, Carshalton, England, SM5 3NX Development of the property Ordinary known shares as'The Lodge,, Honeywood Walk, Carshallon, Surrey, SM5 3NX 100.00 24 Cash generated from operations 2025 2024 Surplus for the year 139,968 354,700 Adjustments for: Investment income recognised in statement of financial activities (126,356) (383,312) Movements in working capital: Decrease in debtors (Decrease) in creditors 15.083 (5,118) 45,531 16,138) Cash generated from operations 23,577 10,781 25 Analysis of changes in net funds The charitable company had no material debt during the year. -33-