The Fleetwood Initiative (Acompany Ilmlted by8uaranleel Annu•l Report and FI￿n¢[￿l Statements forth• Year End•d 31 D•¢•mb•r 2023 ets Audit Servlces lim5ted Ashtombe Court Wools•¢k Way Godalmin8 5urrey GU7 ILQ The Fleetwood Inltlatlve Contents Reference and Admlnlstratfve Details Trustees, Report Statement of Trustees, Responsibilities Independent Examlner's Report statement of Finan¢lal ArtNities Balance sheet Notes to the Fin•ncial Statements 8t013 The Fleetwood Inltlatlve Reterence and Admlnlstr*tlve Oet•lls Trustees Robert Cran• Charfsse Baker Secretary Wilstsns (Company Secretaries) Limited Prlnclpal Office Alexandra House St lohTh'5 Street Salisbury Wiltshire SPI 2SB Company Registration Number 07887860 arity Registratlon Number 1146578 Independent Exarniner Auditserviw knmited Ashcombe Court Woolsack Way Godalmin8 Sur GU7 ILQ Pa8e I The Fleetwood Inltiative Trustees, Report The trustees, who are direcrors for the purposès of company law. present the annual report together with the finanual statements of the charitable company lor the year ended 31 December 2023. Oblectlves and A¢tlvltles Objects ondoims i) The objects forwhich the company is established Ithe'objects'l are restricted to= the preservation. protertion and improvement ol the physical env4ronment by.. promoting knowledge and understandin8 of the natural environment and it5 inter-relationship with the social and economic activities of man,. advancing the education of the public in the theory and in particular the practice of permaculture. conservation and sustainability issues throu8h the provision of workshops and facilities for self-sullicient promoting art15tic programmes to raise awareness of ecolo8ical. environmental and global issues,. anil such other means as ère charitable. ill The promotion of the arts by the provision orassistance in the provision olfacilities including accommodation and resources particularly for all forms of participatory art5. iiil The relief of sickness and the preservation and protection of good health by the provision of facilities. accommodation and ancillary services lor respite and recuperation ol persons undergoing rnedical treatment, includin8 those who have recently completed courses of treatment. their farnilies and carers. In each case for the benefit of the public. Obiectwes, 5trntegies ond t7rt1vitles The Fleetwood Initiarive has designed programs to cater to the educational and social 8oals of panicipants a5 they transition to the next stè8e in theif lives. The organization ha5 reduced the size of 6rant5 given externallv compared to previous years and temporarily slowed down the equine assisted learning proEram due to the primary facilitator unde¥goin8 major sur8ery. We had three intems focused on mental health. sustainable food systems, and community outreath. Most interns chose to engage in multiple areas to gain a comprehensive unéerstanding of how a permaculture model centre operates ané the daily functions of a non-profit organization. Throughout the year, the Fleetwood Initiative has also hosted IS participants with various mental health conditions and needs. The or8anization aimed to provide a sofe and supportive environmenr that catered to the individual needs of participants and alleviated distress. We continued our emphasis on applied learnin8 by 8rowin8 food on-site and distributing it to the lotal community through different channels. Addirionally, thousands of pollinator-friendly plants were given out for free to the local community. Participants learned sustainable farming practices, engaged in horticultural therapy, and contributed to the community's well-being. The Fleetwgod Initiative provided a space for participants to work with experienced conservation mentors and wellbeing teachers to explore the support rhey required. Participants had the option to stay for a few week5 or even a year, with a focus on creating a sale yet Stimulating environment and listening to the individual'5 Story, need5. and long term 35piration5 beyond their time at the organization. Pa8e 2 The Fleetwood Inluathie Trustees, Report Most of the K)lunteers are helpu)8 lh• charity for a 5poc>fic reason and constst of thos9 peWe wh• Ire eilhEr bein£ helped. orwere wevtousty helped, by theth?wlty. Some of theso wlufiieers ale Ihin8 on sile and thelefort this enabled tho charily lo ¢nts of Memorandum and *ti(IEs of A55watioft the minlmum numb•r ofTNstses Ind￿tIon and trair¥t¥ ofnth¥ uust••s hlew Trustws afe agpolnttd by the current Bowd of TNsttts wh¢f¢ a need is Ideniified. New Tn4i••s afe provided with all rele￿nt do¢urnentatton on thc tharftytoenobfe them to carry out thelrdulr5. r#￿nd•1 Rwiew Cwiin8 the year incofthe E77,49812022: É148,9401 cxpendituie w•s E71,9J812021: £12s,E￿I. This result￿ Hi a swplu5 of £5.99)12022: £22,9J5 surplusl. During the yeor the Charrty has spont É2.13812022- £37.1251 on Cap￿4[￿peDdlW￿. Ai 31 D¢cembef Z023 net assets were E102.Q75 IIQ22.. £96,085). Approved by the trusteES ol the chlrlty on.. ._......... .............__.... and 51Bn¢d ofi lis behali bv: Nobert Cron Tfusie¢ Pa6e 3 Statement of TNst••$' Rosptsnslbllltles The iwstees Iwho are obo the dirert•rs o* Tho Fkeiw<*d bnitiative for the Pufposes of t¢rtn￿nY lèwl •re ie5ponsible for preparln8 tht twrtees. report and the finar*clal statemeDiS In accordJncÉ wilh the United Inudorn Stafydards (United Kingdom G￿r01￿ Acreoelt kcountFnB Prnctlrel and appl￿ble law reèulaiiffi5. Company law iequlre5 the ihjsteesto pffp•re fin8ncialststEm¢nts eath Ilnancial ytsr. Unthr Company l•w the trustee5 must not appr￿￿ the financ￿1 st3tEmon15 wdess ihry are sat15fied that rhty 8ive o true and f•ilr ewolthestst¢olaffw"rs of the charitable company and of itsirKthi)iNdre50W¢ts and aPpl￿tion0* rt5ttUfCÈS, inthdin¢ Its incafflo •nd expOnd￿re. tr th•t period. In prepaiir*g these firnn¢4al statem¢nt4 tht tyustets • I￿UlTed to. selECt sultab￿ accountlngpollc￿s ahd applythemconsp5tentlv; otss¢M th¥ mrfhodk ind prlnclpl*s IA tht UwrftiosSORP; make ludÉemtnts•nd e5tirnates thar arè réasonable •nd wudthi-. 5tr1e whetherappl*able UK Accountlng Stand•rd% hwe tw fo11owe¢ subJttt to any materi?1 departures ￿1￿195￿￿ttd explained In Ihe flnanclal siawmohts", epare the fina￿1￿1 st*fft¢nts on the ioiry concwn ba*$ unl*ss It is inapwopriate to pre5Uf* that ihe tharitabl¢ ¢L¥npanywill ¢ontknue In budrw. The trvstees are re5Pm5iWe lor kew"n8 adequale accountTrng rtcwth Ihat ère $￿C￿Trt to show and ex￿&•n the chafitablt t￿￿$11•￿$•￿1OTh5 8Thd disdtsse wkh t*a50nable ac£tsracyat •ny timE the frn)ncial position olthe sharitable rompanyand enable them toensuie t￿[ the fina￿1￿1 statement5 rornpfywt(h theCOrn￿n￿S A¢1 2C#)6. They ¥e #150 respo￿$ble lor safe£uardln£ the assetsolthe thariiable coftyany and h¢nrEfor t*in8 reasonablo 5tpps lo¥ the prevention and d￿￿¢t10th of fr*ud aThl other irrt#ularities. Approve4J by the tr￿lee$ ofthp charity on..._._..__...._._ .- and si8ned on its behoif by: Robert thnt Trusre¢ Pa8è 4 The Fleetwood Initiative Independent Examiner's Report to the trustees of The Fleetwood Inltlative I reportto the tharitytru5tee5 on my examination of the accounts ol the charity for the year ended 31 December 2023 whith are set out on pages six to thirteen. Respon5ibilitie53nd basis of report As the charity trustees of the company land also its directtsr5 lor the purpose5 of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Art 2(X)6 I'the 2(X)6 Att'l. Havin8 Satisfied myself that the accounts of the charity are not required to be auijited under Part 16 of the 2006 Act and are eli8it)le for independent examination. I report in respect of my examination of your charity's accounts as carrieil out under section 145 01 the Charities Act 20111'the 2011 ACYI. In carrying Out my examination I have followed the Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Indtptndènt examinerfs statement I have completed rny examination. I confirrn that no matters have come to my attention in connecti￿) with the examination giving rne cause to believe that in any material respett.. accounting records were not kept in respect of the company as required by sertion 386 01 the 20C6 Act., or the accovnts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2(M)6 Act other than ny requirernent that the accounts give a'true and lairview, which is not a matter considered a5 part of an independent exarnination,. or the accounts have not been prepared in accordance with the method5 and principles ol the Statement ol Recommended Prattice for accountin8 and reportin8 by charitie5 applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. David Lawrence BSC (Honsl FCA Azets Audit Servites timited A8hcombe Court Woolsack Wav God3lmin8 Surrey GiJ7 ILQ Date.. 26 September 2024 Pa8e 5 The Fleetwood Initiative Statement of Financial Activities for the Year Ended 31 December 2023 Ilntluding Income and Expenditure Account and Statement of Total Retognised Gains and Losses) Un￿St11(1ed funds 2023 Unrèstricted funds 2022 Note Income and Endowments from.. Donations and le8acies Other income 77,498 142,940 5.565 Total incornine rtsourtès 77,498 148.505 Resources empended OTr: Charitable attivities 171,5081 1125.6001 Total resources txpènd 71.508 125,600 Net rnovement In fund5 5.990 96,085 22.905 73.180 Total funds brou8h¢ forward Totsl lunds carrled forward 102,075 96,085 All of the chority's aetivities derive Irom continuing operations during the above two periods. Pa8e 6 The Heetwood Inltlatlve IRe8stratlon ￿V￿kn. 07887È601 8alaure Sheet as at 31 December 2023 2022 Nole Flxed A6seis Tantlblt •ssets 49.976 56.995 Jff•rt A¥s•ts Debtors C•sh at bJnk Jo 49,964 6.695 34.698 7.152 56.659 411,8SO C¥rr*nt Uabl*ks Arnounts hllirtg thje w*hln oneyear li 14,S60} IZ.7601 39.090 Tot•1 455rf5 JÈSS wrvent liabimlks 191075 96.085 Mei A$5ols 102,075 96.VBS Vnfèstridtd funds IOI075 T￿11 102,075 96,085 ForihEfinarfral ytaTendod 31 DotembeT 2023thecompany wasenlitlod ioejemption fromaudrtufiOersErtth) 477 olth¢tomponies A¢t 2006 relatinB to small comwnRs. Thetvust*es ￿k[￿ledge thelrresponsltslitl¢s lor cs)mtAyin8 with fv requivements olthe Comp•nbes kn 21))6 ith iespoa io accountln¥ Tttofds •nd the preparal*on offin•ncial statement Tht members hève not requ5red ihc comp•hy to ckntain an aud4t rf its finanoal st•ttments for the ye•r In que5bon in a(cord•nce with 5ectsOll 476. These fin0n0￿ mtements have been wepored In auord•nre ￿th the prrylsions ap￿1£3b1t to u)mp3nies >ubjen tothe smaN Compan￿5, ve8lme. The financ￿1 5t¥tements were apwgveo ty the tru51ee5 and auth0ri5ed lor issve on •nd 5wodonthtir behalf by.. Tru%et Paee 7 The Fleetwood Inltlatlve Notes to the Financial Ststements for the Year Ended 31 December 2023 I CHARITY STATUS The charity is a charity limited by guarantee and consequently does not have share Capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. 2 ACCOUNTING POLICIES Summary ol significant accounting policies and key accountin8 estimates. The principal acctsunting policies applièd in the preparation ol these financial ststements are set out below. These policies have been consistently applied tg all the years presented, unless othetwise stated. Staternènt of compllance The financial statements have been prepared in accordante with Accountin8 and Reporting by Charities.. Statement of Recommended PraCt￿te applicable to charities prepèring their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland IFAS 1021 (effective October 20191 (Charities 50RP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2(KJ6. Basis of preparation The Fleetwood Initiative rneets the definition ol a public benefit entity under FRS 102. A55ets and liabilities are initially recognised at historical c05t or transaction value unless otherwise stated in the relevant accountin policy notes. Golng contèrn The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concem nor any significant areas ol uncertalnty that affect the tarrying value tsf asset5 held by the charity- Exemption from preparing a cash flow Slaternent The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash fl¢)w statement in these financial statements. Income and endowments All income is reco8ni5ed once the charity has entitlement to the income, it is probable rhat the income will be received and the amount of the income receivable can be measured reliablv. Donations and legacles Donations are recognised when the charity h35 been notified in writing of both the amount and settlement date. In the event that o donation Is subjeit to conditions that require a level ol performance by the charitv before the charity is entitled to the fund5. the income 15 deferred and not recognised until either those conditions are fully met, or the fullilment of those conditions is wholly within the control of the tharity and it is probable that these conditions will be fulfilled in the reporting period. Page 8 The Fleetwood Initiative Notes to the Financial Statements for the Year Ended 31 December 2023 2 ACCOUNTING POLICIES ICONTINUEOI Expenditure All expenditure 15 recognised once there is a legal or constructwe obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate 5irnilar costs to that cate80ry. Where costs cannot be directly attribLJted to particular heading5 they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, anil depreciation charge5 allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditure ctsmprise5 those costs incurred by the charity in the delivery of its activitie5 and services for it5 beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categrjries on a basi5 consistent with the use tsf resources, lor example, allocating property costs b¥ floor areas, or per capita, staff costs by the time spent and other costs by their usage. Le8al and admlnlstratlve costs These include the Costs artributable to the charity's compliance with constitlttional and statutory requirements. incl￿din8 audit, strate8*c management and trustees, meetin85 and reimbursed expenses. Taxation The charity Is considereé to pass the tests set out in Paragraph I Schedule 6 of the Finance Att 2010 and therefore it meets the definition Df a charitable company fo¥ UK corporation ta¥ purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or tapital gains received within tategories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 orsection 256 of the Taxation of Chargeable Gains Act 1992, to the exient that suth income or gain5 are applied exclusively to charitable purposes. Tangible fixed a$5etS Depreciation is provided at the followin8 annual rates in order to write off each asset over its estimated useful Improvements to property Plant and machinery Fixture5 and fitting5 Motor vehicles not provided 25% on tost 29% on cost - 25% on reducing balante Debtors and credltors re¢efvabFelpayable within one year Debtor5 and creditors are recorded at the value ol the invoice receivablelpayable Fund structure Unrestricted income fund5 are general funds that are available for use at the trustees, discretion in furtherance of the objectives ol the charity. Page 9 The Fleetwood Initlative Notes to the Financial Ststements for the Year Ended 31 De¢ember 2023 3 INCOME FROM DONATIONS AND LEGACIES Totsl 2023 Totsl 2022 Note Donations and le8acies'. Donations from individuals Gift aid reclaimed 61.421 16.077 119.551 23.389 77.498 142,940 4 EXPENDITURE ON CHARITABLE ACTIVITIES Total 2023 Total 2022 Allocated support costs Legal and administrative tosts 66,708 4,800 120.817 4.723 71,508 125,600 S ANALYSIS OF ALLOCATED SUPPORT COSTS Unrestrictèd Fund5 Total 2023 Unrestrl¢ted Funds Total 2022 Interns Livestock and bee keeping expense5 Volunteer eypenses Horse training and board Repairs and maintenance Printing. postage and stationery Computer and website costs Cleaning Motor and travel costs Bank Iharges Sundry expenses Depreciation of fixed assets IProfitl/loss on dispgsal of fixed assets Donation5 35,975 2,446 16.440 4.657 2,758 847 166 269 1.267 120 46,264 347 24,365 2S,636 7,368 S21 1,290 4,572 4.633 190 25 4.596 367 8,818 17,6611 239 i.oio 66,708 120,817 Page 10 The Fleetwood Inltlatlve Notes to the Financial Statements for the Year Ended 31 December 2023 6 LEGAL ANDADMINISTRATIVE COSTS Unrestrlcted Funds Total 20Z3 Unrestrkted Funds Total 2022 Accountancy 4,800 4.723 4.800 4.723 7 TAXATION The charity is a re8lStered charity and is therefore exempt from taxation. 8 TRUSTEE5 REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trusteès. èxpenses No expenditure was reimbursed to the trustees in the year ended 31 December 2023 nor for the year ended 31 December 2022. 9 TANGIBLE FIXED ASSETS Improvèment5 to Plant and Fixtures and Property Mathlnery fittin8S Motor Vehicles Total Cost At l January 2023 Additions Disposals 23,863 25,071 20,878 2.138 16.8011 35,035 104,847 2.138 18,0401 134,0121 119,1711 At 31 December 2023 23.863 5.9CKI 16,215 26,995 72,973 Depreciation At l January 2023 Ch3r8e lor the year Depreciation elimination 25,071 11.819 2.800 16.8011 10,962 47.852 6,018 8,818 17.7011 133,6731 119.1711 At 31 December 2023 7,818 9.279 22.997 Net Book Value At 31 December 2023 23.863 6,527 17.716 49,976 At 31 December 2022 23.863 9,059 24.073 56.995 Pa8e 11 The Fleetwood Inltlatlve Notes to the Flnanclal Statements for the Year Ended 31 December 2023 10 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtor5 49.964 50.141 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Olher creditors 4,560 2.664 12 MOVEMENT IN FUNDS- CURRENT YEAR Net Movernent in funds At 1.1.23 At 31.12.23 Unrestrirted tunds General funds 96,085 5.990 102,075 TOTAL FUNDS 96.085 S.990 102.075 Net movement in funds included in rhe above are as follows.. Incoming resourtes Resources expended Movement in funds Unrestrlcied funds General fund 77,498 171,5081 5,990 TOTAL FUNDS 77,498 178,5081 5,990 Page 12 The Fleetwood Inltlatlve Notes to the Financlal Statements for the Year Ended 31 December 2023 IZ MOVEMENT IN FUNDS Icontinuedl- PRIOR YEAR Net Movement in funds At 1.1.22 At 31.12.22 Uniestrl¢ted funds General funds 73,180 22.905 96.08S TOTAL FUNDS 73,180 22.905 96,085 Net movement in funds induded in the above are as follows.. Incoming resources Ilesources expended Movement in funds Unrestrlrted funds General fund 148,505 1125,6001 22,905 TOTAL FUNDS 148,505 1125,6001 22,905 13 REL4TED PARTY TRANSACTIONS During the year the Charity received donations totallin8 £61,42112022.. £119,551) from Rob Crane, a dirertor and trustee. These donations were as a result of cash donations ènd arnounts paid personally on behalf of the Charity. 14 PRIOR PERIOD ADJUSTMENT Durin8 the year a tyPO8raphical error was identified in respect of the prior year figure5. A £6,499 adjustment. has been made which has affetted the SOFA and the corresponding notes. Page 13