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 GOn￿ntrated 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 se￿1￿ 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 Pro￿dureS 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
othe￿iSe 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 prO￿dureS 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 be￿een.
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 Ne￿Ork
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 balan￿S 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 be￿een 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 seNi￿s
Ltd
Directorsttrustees
Gift aid donations
£15,357
£Nil
Ecolocal Services
Ltd
DirectorS￿rusteeS
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
DirectorS￿rusteeS
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-