REGisfERED COMPANY NUMBER: 12096693 (England and Wales)
REGISTERED CHARITY NUMBER: J185591
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE VEAR ENDED 31 JULY 21)24
FOR
SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED)
Maxwell & Co
9 Abbey Business PaTk
Monks Walk
Farnham
Surrey
GU9 8HT
lin
*AEIHh8KR•
29ffj4121Y25
QXIPANIES HOUSE
42

susrAINABJLITY. HEALTH..EIYVIROJYMENT.
DEVELOPMENT.
(SHED)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 JULY 2024
P*ge
R¢port of the Trwttts
Report of ihe Independent Auditor5
Statement of Financial Attivtti
10
BAlantt Shttt
11 to 12
Cash Flow St*temtnt
Iyotes to Ihe Casb Flow StstemeTht
14
Noies io ihe Finanelil Stst¢m¢fjts
15 to 20
Detsiled &alemtJJt of fin#*ei•l AdivSties
21 to 22

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVEiA)PMEIYT.
(SHED)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024
The Irusiees who a￿ also directors of the charity for the purwses of the Companies Act 2006, pres¢nt their report wirh the
financial 5tat¢m¢nts of the charity for ihe year ended 31 July 2024. The trustees have adopted the provisions of Accounting
and Reporting by Charilits.. Staterncnt of Re￿mmended Practice applicable io charities preparin8 their accounts in
a¢¢ordart¢e with ih¢ Financial ReFx)rting Standard applicable in the UK and Republi¢ of Ireland (FRS 1021 (effective I
January 20191.
This Report provides an oversi8ht of Sustainability, Hcdhh. EnvironrnenL tkvelopment (SHED) activities in 2023124.
SHED Officially registered as a Company and Charity at the beginning of October 2019.
OWEcfivES AND ACTIVITIES
Ubjettivu and aim$
The Charity aims:.
al To promote Susthinable development for the benefit of the public by=_
i) the preservation, conservation and the proteciion of the environment and the pNd¢nt us¢ if r¢sourc¢s;
ill the relief of povwty atKI the improvement of the condition of life in socially and ￿nOmiCallY dISadvan￿ged
communilies,.
iii) the promotion of sUStain?bl¢ means of achieving eco[￿￿C growth and regerteration.
Sustainable dev¢lopmeni means "D¢v¢loprn¢nt which rnttts the needs of the present without cornpromisin8 ihc ability of
future generation$ to meet their own needs"
b) To promoie equality and diversity for the publbc benefit by:_
i) the elimination of discriminoiion on ihe grounds of race, 8ender, disability. sexual orienttiion or rtli8ion.'
ill advancing edu¢ation and raising awareness in equality and diversity-
iii) promotin8 activities to foster understanding be￿¢¢￿ people from diverse bTKkgwunds'
iv) conducting or ￿￿mIsSiOn1ng r¢5earch on equality and diversity issues and publishing the results to the public.
Page I

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDEDJJ JULY 2024
OBJECTIVES AND ACTivfTIES
Signifie•nt activities
Last yeats SHED TnJst¢e Rep)rt gave panicular focus lo the developW￿ni work of Director Julie Tomlin. Therefore, this
year's report shall highlight some of ihe ¢ore dev¢lopment ￿1Ville5 of Director Chris Erskine.
Included the rewrt Is the-.
l) Development highlights
21 C105ure of two developme￿ partnerships- ENOUGH in Scthland and ICU in Rofferdam
31 Brief update of remainin8 Program Partnerships NEWBRI￿EjSAwIDWELLBElNG irt New¢astle and ISOR. UK wide
TravelleT nerwork
l) Developtnent highlights
The etsre themes. wiihin the work of ￿riS ErskTne (co-Director), ort>ii around th¢ interrelationships of environmental
justice. migration. asylum and refvgees; socially engaged art and Ihe pm¢esses of gentrification.. m&rginaliDiion and
community representation. Setout below are a variety of g￿graphiCal and iherne-based partnership that give ath ithsight to
Ih¢s¢ activities. li 15 Worth notin8 that the majority of the infortnaiion Includ￿ in this se¢iioth 15 derived from content
produced and shayed by the parni¢r or8anisations.
Rcadtng Room Network IRRN) is a new collaborativ¢ neThYork where peopl¢ can read. learn. lillen, and share ideas. Th¢
founding partners of ihis nerwork ore Pluro Pres$. RRN is currenily made up of eight partners in Newca511e- Leed$'
Manchester. Sheffield," PeteTbortsugh- Cardiff. Southend on Sea; Brighton.
Throtjgh linkin8 up with other spaces aCWOSS the county. RRN has Creat￿ a netwo￿ of librnric5 stocked with thought
provoking FA)oks. where reading gTDUPS and OPFQrtunilies io med author5 takes place. RRN provides resour¢es and
activities thai hop¢ to catalyse ¢reativity. collaboration. and conver5alitin.
As well as physical library spaces. RRN open's forums ￿ debate local issues ihai affect everyday lives. Taking the lead
from thetr cornmunitres. Ihese iopic$ ￿aY in¢lude inequality, the enviFonm¢ni. pr¢wTrous employmeni, LGBTQtr i5SU¢4
structural racism and much more.
Siar & Shadow Cinema (Newcastle) 15 a Cmpletely volunl¢¢r-run DIY venue ba5cd in Newca5tlc upon Tyne irb the
Northeast of England. Th¢y are an arts. music. cinemi and community Space sel up as a cLM)perative that anyone canioin.
They are IK)used in a building that TS communhty owned and built. Sw and Shadow has an 80 seater cinemi 200 capacity
musie venue, cafe. library. dark rts)rn. Print rcKTrrn. garden. W0￿$hop, kitchen. Changing places toiki and an online rddio
Station. Their progTamrnin8 Is dedicated io independcni grass-roois culivre.
No-one is paid to run the Star & Shulow. There are rhj boss￿ or manager5. just working groups. collective meeting5,
consensus d¢¢ision making and a heavy dose of honest disorganizalion. The building is Tun and programmed by its
embers alld volunteers.
Opus Sheffield is a not-for-profit so¢ial ent¢rprise based in Sheffield, eslablished in 2008. Ows works to ¢oniribvte
pstream solulions to ¢omplcx system problems. Thcy do this ihrough strategic partneJships, engaging arts and culture.
Tesear¢h, identifying levera8e points and co<reation. Opus incubatc and deploy 5ervi¢e% projects. plarform5. decentralizcd
netWOTks and movemtnts proportionate to ihe challenges ahead.
Page 2

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
{SHED>
REPORTOFTHETRUSTEES
FOR THE YEAR EJYDED31 JULY 21124
ORIECTIVES AND ACflVITIES
Opus is multidisciplinary. cros5-5ecior and adaptive, working within hyptr-local. rrgional. national and international
con¢exls. They work with citizens. communitie5. neighbourhoods. business. voluntary groups, cilits, eampai8ns, research
institutions. infrasiructure organizaiions a￿j governments to address the cniangled ecologi¢o1. social, economic, political
arkd culturdl cri515 we collectively far¢.
The Other MA {TOMA) Is an ani#•run education model and exhibition Programme based in s￿lthend on S¢a which
supports artists who have faccd barriers accessing art edu¢aiion and the'art world..
Our relationship wilh TOMA continues to develop and dttpen. Its 2022-24 ¢4)hort all b¢n¢fLtt¢d from our European
residency networks ($pendirtg a collective wttk in France). We plane to deveh)p this wllaboration fijnher but supporting
tht new cohort to a thrrt-wttk residency bla¢k with our pamiers in Portugal.
Other Cinernas (London) Is a Brent-based project established by the filmmaking duo Turab Shah and Atwa Abur&wa who
saw the need ftsr better and mort equiiable ways of film-making. sharing. and education. Seeing these three sirands as
inseparable, their work altempt5 to create a vitsl and holisiic aliernative io ihe industy that addresses its racial and class
bjws. The work 15 T(KJted in our diverse nebghbouthoods in nothwem U)ndon. some of the most racially diverst in the
country but chioni¢ally und¢Tserved in ieThs of culturdl provisions.
The New School of the Anthropocene is bom out of a need.The mainstream university hag proven unable and unwilling
engage wilh the Condiiion of social crisis and the PTospect of ecological ihw chwxter1￿ the 21st Century.
In eollaboration wilh October Gall¢ry. the New Sch¢x)l offer5 an agile approach ￿ higher education, and a radi¢al
alternalive to rnarketlsation and arcane specialism. Valuing experimentation through mining the critical-¢Teaiive seam, ¢h¢y
hav¢ shaped an interdisciplinary eth05 and a non-hierarchical gaih¢ring of aead¢mi¢$ and students forged in tonviviality and
trust.. the means of addr¢ssing th¢ greatul challenge of this. or indeed any. ern.
shado {London) is a led community of artists, aciivjsts and writers united in the fight for social jUSii¢e and ¢ollective
liberaiion. They believe that those with lived exp¢Tienc¢ of a lopi¢ or injuaice are beu placed to advocate for mcarbingful
change within ihat spa¢e'. shado is a platfonn for these people. Shado was also created because they didn'r think there were
ewugh platfom)s for differet)i fields w work collaboration towards %)cial justice.
ACV ILondon)= is creating a living archive of community Spirit through prinL have supponed both of their published
GROWTH & TRADITION GROWTH.. An exploration of the living of connective tissu¢, plant5, decay, nourishment -
ecosystem5 of comJnunilies feeding and housin8 those in netd,. and a rneditative observation of the quiet transfomiations we
all undergo. every day. TiiADITION". Ilaiin." trader¢l, meanin8 to surrender, to 8ive for safeketping - the theme is as mu¢h
about ¢h¢ past and present as li is the future. In ihi5 issue we'll explore how differtnt wmmunities articulate their traditions.
while other5 challenge or disTUPi th¢m.
Refugee Community Kitchen UK.. Outreach sUp￿rts people in need with highly nuiritious food cooked by hvirtg
professionals, Cooks and chefs, workin8 Wlth local communitie5. Using 5UTplus food io serve meals to people irr¢sp¢¢tiv¢ of
their situation and needs. RCK regard li importani for to debunk the myth th￿ if you are homeless or in food poverry you
lose the ri8ht to receive healthy food that ts5t¢s grcat. So they do our besi to use the freshesi ingr¢dient5, cook everything
from scrat¢h and provide the rnost nutriiious and welcomin8 food we can.
Page 3

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024
OWECTIVES AND ACTIVITIES
Hopefvl Solidarities (Brighton) i$ a Collat￿￿10t) b¢tw¢en wrtier-ieacher-acttvists artd ¢ommuniry and organi5ations
they are part of in Brighion and Hove. In limes of rnuliiple inlerseciing crises. ranging frorn struggles for daily survival in
the face of the Covid-19 pandemic. the spirdlling cost of living. ¢liTnate change aTrd the rdcist legacies of European
eolonialism, they sttk to explore and work alongside islands of hope. Engaging with membtrs OUT communilies and
organi5ations artd other city residents, listening to people's reflecttons on thtlr own Stories in the light of the preseni
moment. and seeking io build OD ¢M¢￿ent solidariii¢s through every day, pracLLcal and cr¢aiive work includin8 writing.
film. photography. food. and music.
2) Closur¢ of Partnerships
This year saw the closure of two key SHED partncrships. ENOUGH in Scotland and ICU in Rotttrd&m.
ENOUGH { https..Ilwww.enovgh.scot4 was ¢stablish¢d in 2019 and be¢am¢ to l¢ading DEGROWTH plaifom In Scotland.
It5 activi(ie5 have included confer¢nc¢s' joumal pUblI￿lon$.. teaching courses. SHED worked very closely with this
ENOUGH collective to consider if c105UTe was the appropTiaie direction. These di￿￿SSIONS look over 18 months, but all
parties a8Teed that due io internal diffcrEntts and ¢ommithients to v￿louS ￿be¥ iniliativeg Closure was the appropri
covrse of action.
ICU Rotterdam was established in 2022 and became the central hub for the re5id¢ncy and Learning Exchange PTogrdm of
SHED. During this time the partnership was abk to supw)rt 48 residencies and iniiiated three inlernational Leaming
Ex¢han8e5. unfOrt￿n￿le1yj this parthership had to be broughi to a premature ending in the Spring of 2024. due to lack of
confidence in the Direciorship of ICU. This decision w&$ tsking in ¢onJuncibon of SHED Trusiees and Directors.
3) Program Partner5
SHED Continues ￿ hold two Program Partnerships within its wjrtfolio of a¢tivities: NEWBRIDGFJSAWIDWELLBEING
in Newcastle- and ISOR UK wide Trdveller network.
The p#rtnership with NEWBRIDGEISAWIDWELLBEtNG cortiinues io really thrive. NewBridge Project is an active
artist-led comrnunity that sijpports artisis. eknrators. and local communiiies. It produces a public programme that is
resptsnsive to the environment in which it exists. and places ¢ommunity-centred, experimental, wllaboY2tiv¢ and socially
conscious progrdmming at its heart. This partsjetship Works directly with a ¢ommurtity benefi¢ society arjd Co-operative in
the Shieldfield, area of New¢astle called Dwellbeing ond Shieldfjeld Works_ As ¢ommunity members they undtrtake
crealiv¢ and socially oriented pmjects which build communty kN)wledge aiKsui th¢ Issues that affect the neighbourhood
including - rapid Urban developmeThi. student accomrnodation and lis impxt on residents. 8entrifTrcation. fi)od poverty and
social isolation. They explore altemativ¢ models for organising, learning and solidarity whi¢h lead Shieldfield (and
other neighbourhoods like it) i(tward s¢lf-rtlian¢e, resilience, and interdependenee.
This 15 best captured by the re¢ent film 100 Pwple". Www.1￿p&)pj¢S￿lcIdfieId.or8l
100 Peopl¢-. A Portrdit of C￿ExIStenCe is an experimeThtsl feature film-p)rtrait of Shieldfield. a sm811 residential
n¢ighEourhood locaied just outside the city centre of Newcasile uwn Tync. Initiated and led by artist Andrew Wilson, this
8mbitious work combine5 scveral conversations beNfeen residents and worker5. diverse in age, ethnicity. and economic
background, to ¢r¢ate a complieaied artd mtslti-voiced portrdit of eoexi5ttnce. Once an area of farniin8 and horticulture,
Shieldfield was Iraosfornied inio a ￿l$tIl￿g residential neighbourhood. Today. following its industrial decline. the
neighknurhood and its people are establishing an array of straiegies io ¢onne¢t and inspire amidst increasing social arwj
economic Predicaments. With an Original score from ¢¢llist Ceitidh Ma¢ and COm￿)5¢r Anna Hughes. the film is a poetic.
funny and often rnoving reflection on our not-IiHli5tanl pasi. prtcarious present, and an everyday collcclive-re515tance.'
Pa8e 4

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMEJ¥T.
(SHED)
REPORT OF THE TRVSfEES
FOR THE YEAR ENDED31 JULY 2024
0￿ECTIvEs AND ACTIVITIES
ISOR UK coniinues to suptK)rt people who live dhnically or ¢uliurally nomadi¢ lives in t¢m?s of security. liberty,
expression. and free movement. They unite around issue5 that affect all nornadi¢ cultures. They seek the Common grout)d
thai can be found throu8h the experiences of culiurnl diversity. Sustainability and low-impact living are fundarnental
onc¢rns within th¢ir work. For example. thi5 yf4r they have supp)rt¢d 22 individualsl families to develop and secure the
infrastruciure of four sites. This work also enabled people 10 re-enter e4]u￿lO￿al dev¢lopmet)L ¢mplgyment
re-trainingldeYelopment- legal support for securing new plots. and Infr￿tructUr¢ constructiort of food sysiems-waier
retention systems-toilet 5yStems.
STIL4TEGIC REPORT
K¢serv¢s policy
SHED'S organizaiional infrastru¢tyre is very light, with totsl annual overhe*J Tunning costs of £200,000 {wages,' accounthni
fee., office C05ts). SHED Trustce'5 have agreed that it will always ensuff £250.000 a R¢s¢tve Poli¢y at all tirnes.
Goirtg Contern
During the year. a dortation of £3,500,000 was received by the chariry from its single donor and a second th)naiion of £3
million was also provided as the donor continues LO be suprA)rtive of the charity's aim5 and objectives. The accounts
continue to be prepared on the basis that the charity remaitls a going concern.
STRUCTUR8. GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing &)cum¢n4 a dttd of trusi. and constitutes a limited company. limited by
guarantce. a5 defined by the Compani¢s A¢1 21)06.
REFERENCE AND ADMINISTRATIVE DETAILS
Regi$¢¢r¢d Company number
12096693 (England artd Wales)
Registered Charity nurnber
183591
Registered offi¢e
86 Granville Street
Peterborough
PEI 2QJ
TrU￿te$
Ms B A Ramsey
M J Richards
Dr K N Marsh
Auditors
Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT
Pagt 5

SUSTAINABILITY. HEALTH. ENVIRONMENT.-
DEVEIA)PMENT.
(SHED)
REPORT OF THE TRUSTEES
FOR THE YEAR £NDED31 JULY 2024
TRUSTEES, RESPONSIBILITY STATEMENT
Th¢ trustees {who arc also th¢ directors of Sustsinabiltty. Healih. Envimnm¢n¢. Lkv¢loprnent. for the purposes of Company
lawl are responsible for paTin8 the Report of the Trus￿¢5 and the financial statements in accord*)ce with applicable law
and United Kingdom Accounting Stsndard5 (United Kingdom Genernlly A￿epted Accounting Praclicel.
Company law requires the in￿e¢S to prepare financial statements for each"financial year which give a In￿ and fair view of
the State of affairs of the charitable ¢ompany and of the incomin8 resource5 and application of re50urces, including the
income and cxpendi1u￿, of lh¢ charitsbl¢ ¢ompany for that period. In pr¢paring ihos¢ fitwJ¢ial swement5, the twsie¢s are
required to
select 5uitsble accounting p)licie5 and then app]y them con515t¢ntly*
observe the Methods and principle5 in the Charity SORP.
make judgements and estimates thai are reasonable pn￿en1-
state whether applicable accotsnting srandards have been followed. subjeet to ttny material departures diselosed and
cxplaiDed irt ihe financial staiemeni
prepar¢ th¢ financial statements on th¢ 80in8 corKern basis unless if 15 inappropriate to presume that the charitable
company will continue in busine
The trustees are re$ponsibl¢ for keeping proper accountin8 records which disclose with regsonable occuracy at any time ihe
financial positiort of th¢ charitable company and io enable them to ensure that the financial statemenrs comply with the
Companie5 Act 2006. Th¢y are also resp)nsJbl¢ for safe8uarding lh¢ assets of the charitabl¢ company and hence for taking
reasonable 5(eps for the pre¥ention and detedion of fraud and other irreEularilKS.
In so far as the trustees tre aw8re=
th¢r¢ is no relevanl audit infornation of which the tharitsblt compan￿$ auditors are 11114ware', and
lh¢ tnJuee$ have taken all sieps that they ought io have taken to make themselves aware of any Televant audit
ir)fomia¢ion and to estsblish thai the audilors are aware of thai informalion.
AUDITORS
Th¢ auditors. Maxwell & Co. will be prows¢d for re-apw)intm¢nt * the forthcomin8 Annual General Meeting.
Report of the trnsiees. Incorporaiing a str*egi¢ rep)TL appmved by order of th¢ board of trnstre4 as the ¢ompany dire¢tors,
on 2410412025 and signed or) ihe board's behalf by..
M J Richards- Trust¢e
Page 6

REPORTOF THE INDEPEf4DENT AVDITORSTOTHE TRUSTEES OF
SUSTAINABILITY. HEALTH. ENVIRof4MENT.
DEVELOPMENT.
Opinio
We have audited the finan¢ial ststem¢nts of Sustainability. Health. Environment. Development {the charitsble company,)
for iht year ended 31 July 2024 which wmprise ihe Statement of Financial Activities. the Balance Sheei. the Cash Flow
Ststement and notes to the financial ststements. including a summary of significant accounling ￿liCi¢S. The financial
reporiit)g framework thai h&5 been applied in their preparniion is applicable law and United Kingdom Accountin8 Standards
(United Ktngdom Generally A¢¢epied A¢couniin8 Prdctice).
In our opinion the financial ststements..
give a true and fail view of the stste of ihe charbtable ￿MpanY'S affairs 8s at 31 July 2024 and of its irwming resources
and applicaiion of resources. including its in¢om¢ and expendiiure. for the year ihen eTtded-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting P￿11¢¢.. and
have been prepared in a¢¢ordanc¢ with the reqU1￿Ments of the Companies A¢1 2006.
B*siJ for opinio
We conducted our audit In aectsrdance with Inlemational btsndords on Auditing (uiij {iSA5 1IfK)j and applicable law. Vur
respx)nsibilities under those standards are further described in the Audiiors. responsibilities for the audit of the ftnancial
statements sectitsn of our rep)rt. We are independent of the charitable company in accordance with the ethical
requirements thal are relevant its our audit of the financial sthtements in the UK. including the FRC'5 Ethical Stsndard, and
we have fulfilled our other ethical reS￿nsibIlItieS in xco￿an¢c wilh these requirements. We believe that the audit
eviden¢e we have obtsin¢d is sufficient and appropriate tt) provide t basis ftirour opinion.
Contlu$ion$ rel*tlng io golng eoncern
In auditing the financial staiemcnts. we have Concl￿ed the trustees. use of the going concern basis of accounting in the
pr¢paration of the financial 51atements is appropriate.
Based on the work we have perfomied, we have not identified any rna*rial uncertainties relating to events or Conditions
that, individually or Coll￿tivelY. may cas¢ stgnificani doubi on the charitable company's ability to ¢oniinue as a going
concern for a peri(xl of at Icast Th¥elve rnonths fnm when ihe financial st¥t¢m¢nts are auihorised for issue.
Our responsibiliiies and the r¢sponsibiliti¢s of the trnstees with respect to going concern are des¢ribed in th¢ relevant
section5 of this report.
Other inf(brmgtion
The tTUStees are responsibl¢ for ih¢ other information. The other infornation comprises ihe inforniation included in the
Annual Report. other than the finan¢ial y*¢m¢nts and our Report of the Independent Auditors thereon.
Our opinion on the financial #*ements does not ￿Ver ih¢ oiher infomla1ic￿ and ex¢¢pi to the extent otherwise explicitly
slated in our r¢pon, w¢ do not exwess any form of &%surance c4)n¢lusiot) th¢￿Tr.
In connedion with our audit of the financial sthiem¢nts, our resp)nsibility 15 to read the other information and, in doing $0,
¢onsider whether the other information is materially inconsistent wilh the financial SLaiem¢nts or our knowledge obtained in
the audii or oiherwise appears io be m￿triallY missthied. If we identify such Tnaterial incA)nsisien¢ies or apparent material
misstaternent5. we are required to deiennine whether this giv¢5 rise io a rnaterial mi$5tatement in the financial sta¢emertlS
themselves. If. b&sed on the work we have perforn)￿, we ¢on¢lude that there 15 a material misslat¢]nent of ihis other
infomiation, w¢ are r¢quired tty report that fxt. We have th)thing to in this regard.
M*tttrs on which we are required to report by exeepiio
We have nothing io reFrf)rt in respect of the following rnatters where th¢ Chariiies IAc¢ounts and Reports) Regulation5 2008
Tequires us to report to you if, in ouropinion..
the information given in the Rep)rt of the TruMttS is inconsiswjt in any material respect with the financial stat¢menis'
or
the ehariiable company has noi kept adequate a¢¢ounting record$" or
the financial 5ts1ements are not in agrttment with the accounting rewds and return& or
we have not re¢eiv¢d all the infonnation and explanati¢)ns we require for our audil.
8¢7

REPORT OFTHE INDEPENDENT AUDITORSTO THE TRUSTEESOF
SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVEinPMENT.
RespoTrsibilities of tru$t¢es
As explained more fully in the Trn51e¢s' Responsibiljties Statern¢nL the trusie¢s (who are alx> the dJr¢¢iors of the charitable
mpany for the purposes of company lawl ar¢ r¢sponsibl¢ for the prepotaiion of the financial sta*ments and for being
isfied that they 8ive a true and fair view. and for such in¢rnal control as the I￿$1¢¢S d¢tennine is n¢¢essary to enable the
preparatiOTt of financial sraiemenis that are free from fftaterhal misststement. whether due to fraud orerror.
In preparin8 the financial #a¢erncnts. the trus¢ees ore responsible for assessing ihe charitable company's ability io continue
&$ a going Concern. dI￿70$1nS. applicable. rnatters related to going concern athd using the goittg concern basis of
accounting unless the trustees either intend to liquidate the ¢haritablt cofflpany or to ¢ease operation5. or have no realisti¢
aliemaiive bui io do so.
Our re5POn5ibilitie5 for the 4udit of the fin•nci•l $tsttments
We have been appointed as auditors under Section 144 of ihe Charities Ad 2011 and ￿port in accordance with the A¢1 and
relevant regulations made or having efft¢t the￿Under.
Our objectives ar¢ ￿ obtain reasonable assurance al￿1 whdher the financial statements a5 a whole are free from material
rnisstatemenl, whe¢her due to fraud or etror, atwj to issue a R¢Fkn of ihe Independent Auditots that In¢ludes our opinion.
Reasonable assura￿¢ Is a high level of assurance, bui is noi a guaraniee thai an audit condu¢ied in a¢¢ordan¢¢ with ISAS
(UK) will always deteci a material rnisstatemertt when li exists. Misststements ¢an arise from fraud or error and are
considered material if, individually or ih¢ oggr¢gaie, thty could reasonably be expected to influence the ewnomi¢
decision5 of users taken on the basis of these financial SLa*ments.
As part of de518nin8 our audit, we delernincd materiality and a55esscd the risks of material rnisstatement in the financbal
stat¢men15, including how fraud may occur by enquiring of managemeni of its own consideraiion of fraud. We also
considered wiential financial or otheT pTessLires. opportunity and motivations for fraud. As part of this discussion we
identified the iniemal ¢ontrols esthblished io miii8ate risks related 10 fraud or non compliance with laws and regulations and
how managemeni monitor these processes. Appropriate prrKedures in¢luded the revi¢w and testing of manual journals and
key estimates and judgements by rnanagemeni.
Our tesis included agreeing the financial 5tatcrncnts dis¢losure5 to uT￿trIyy￿E supporting documentation aTtd enquiries with
management. We did not identify any key audit matters relaiJn8 to iTregulari¢ies. including fraud. A5 in all of our audits. we
also addressed th¢ risk of managem¢nt override of internal controls including te51ing j￿JThals and evaluation whether there
was evidence of bias by th¢ ￿$1¢¢$ ihai r¢pres¢nted a risk of m2*rial misstsi¢m¢nt dye 10 fraud.
Our audit pr￿edUreS were designed to respond io risks of marerial misstatement in the financial statements, recognising that
the risk of not detecting a material mi5Staicment due io fraud 15 higher than ihe risk of noi detecting onc resuliing from error,
as fraud may involvt dtlibernte concealment by. for example. forgery. misrepresentstions oi thr¢￿Sh collusion.
There are inherent limitations in the audit procedure5 perfornied and the further reffloved non-compliance with law5 and
regul*ions is from ihe eveDts and iwansaaions r¢fl¢¢*d in the finan¢ial ststemenw the less likely we are to be￿me aware
of it.
Th¢ firn) h&$ complied wth the requirements of ISQMI whilA e4rying the awjit.
A further description of our Trsponsibilities for the audil of the financial stateFnents 15 located on the Financial Reporting
Council's websiie at www.frc.org.uklaudiiorsresponsibilitie5.This descriprion forms part of our Report of th¢ Independent
Auditors.
A fijrther dt5CTlPtion of our ￿5]x)nSIbilItieS for the audii of the rtnancial swements is located on the Financial Reportin8
Council's website at www.frc.or8.uklauditorsre5ponsibililies. This de￿riPtIOn forms part of our Report of the Independent
Auditors.
Page 8

REPORT OFTHE INDEPENDEIYT AUDITORS TO THETRUSTEESOF
SUSTAINABILITY. HEALTH. ENVIRONfvIENT.
DEVELOPMENT.
Use ofour report
This report is made solely to the charitable company's iwstees, as a btsly. in accordance with Part 4 of the ChaTilies
(Accounts and Reports) Regulations 2008. Our audil work has been undertaken so ihai we mighi state io ihe charitable
cornpany's trustets those rnatteTS we are required to stsie to them in an auditors, report and for no other pur￿￿. To the
fullest exleni perniitted by law. we do nol accepi or ￿UMe re5wnsibility io any¢me other than the tharitable company and
Ihe chariiable company's truste¢5 as a body. for our audit work. for this report. or for the opinion5 we have formed.
ax
II&Co
asa
ditor in terms of Se¢tion 1212 of the Companies Act 21Y16
ey Busi
Monks
Farn
ey
GU9 8HT
Date..
Page 9

susrAIIYABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
{SHED)
STATEMENTOF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED31 JULY 2024
2024
Total
funds
2023
Total
funds
Unrexrieted
fund
Rcstri¢ied
nd
Notes
INCOME AND ENDOWMENTS FROM
Donations and le8acies
6 J4SO
Investment in¢om¢
7.OSI
To¢91
6 552 051
6 552 051
EXPENDITURE ON
Charitgble activities
ChaTltable Auivilies
JJ59551
3359
4 055.917
NET INCOMEI(EXPENDITURE)
2.99UIXI
2.992.51K)
{4.051.125)
RECONCILIATION OF FUNDS
Totsl funds brought forward
W17
96917
4,148,042
TOTAL FUNDS CARRIED FORWARD
3,089417
3 089.417
ThE notes fonn part of these financial thternents
Pase 10

susrAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
{SHED)
BALANCE SHEET
31 JULY 2024
2024
TotAI
funds
2023
Total
funds
Unre#ri¢ted
fund
ResiTi¢ied
fund
Noies
CURRENT ASSETS
DebtOTS
Cash at bank
10
I￿29
3 09392•
1,029
3.093.920
5,923
137,399
3.094949
3.094,949
143,322
CREDITORS
Amounis falling due within one year
(5J32)
(5,532)
(46,40))
NET CURRENT ASSETS
3.089 417
3.089.417
96.917
TOTAL ASSETS LESS CURRENT
LIABILITIES
3.089.417
3089,417
96.917
NET ASSETS
3 089 417
3 089 417
FUNDS
Unresiri¢¢ed funds
12
3.089417
TOTAL FUNDS
3 089 417
The charitsble Company Is entitled ￿ exemption from audit under Sedion 477 of ihe Companies Act 21)06 for the year
ended 31 July 2024.
Th¢ members have not deposited notice. pursuant to Section 476 of the Companies Aci 2006 requiring an audit of these
financial siatemtnis.
The truste¢5 acknowledge their iesponsibililies for
(a)
ensuring that the charitsble company keeps a¢¢out)iing th* ¢omply with S¢¢tions 386 and 387 Of the
Companies Act 2006 and
preparing financial statements whtch 8ive a tnje and fair view of the state of affairs of ihe charithble company as at
the end of each firbancial year and of its surplus or deficit for each finaneial year in accordance with the
requirements of Sections 394 and 395 and which otherwise Comply with the rtquirem¢nis of th¢ Companie5 Act
2006 relating 10 financial stattmtn15, 50 far as applicable to the charitable company.
(b)
These fjnancial statements have becn audtted undcrthe requiremeftts of Seaiort 145 of the Chariiies Act 2011.
The notes forni part of these financial ststements
Page 11
continued...

SUSTAINABIL'ITY. HEALTH. ENVIRONMENT.
DEVEIA)PMENT.
(SHED}
BALANCE SHEET- continued
31 JULY 20Z4
The financial staiements were approved by the Board of Trusttts and authorised for issue orb 2410412025 and wewe signed
Oll 115 behalf by..
M J Ri¢hards- Trustee
The noies fomi pan of these financial S￿ernents
Page 12

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 21124
2024
2023
Notes
Cash flows frorn operating activiti
Cash generated from opeTaiions
2949.47
4 023 325
provided byllused in) operaiing a¢tiviti¢s
2949.470
4023 325>
Cish flows from inv¢sting •rtiviti¢s
Interest received
7.051
4.792
Net cash provided by Investing aclivities
Chgnge in eash e*sh equivalents in ihe
reporting period
Cash And t85h equiv*ltnts It the beginning
of tbe reporting perifjd
2?56J21
(4,018,533}
137J99
4 155 932
Cash gnd tgsh equivalents #t the end of the
rtporting ￿mOd
3093.921)
137399
The notes fonn part of these financial sthtements
Page 13

susrAIIYABILITV.. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED)
NOTES TOTHE CASH FLOW sfATEMENT
FOR THE YEAR ENDED31 JULY 2024
RECONCILIATION OF NET INCOMEI(EXPENDITitRE) TO NET CASH FLOW FROM OPERATIJYG
ACTIVITIES
2•24
2023
Net incomel(txpendi¢ure) for the reportiffjg p¢riod (as per iht stst¢m¢A¢
of Vtngncial Activities)
Adjustments for:
Interes¢ r¢¢eived
DecreaseJ{increase} in debioTS
IDecrea5eyincrease in credito
2.992JOO
(4,051,125)
(7.05l}
4094
40073
(4,7921
(4,996)
Net cash prnvided byllu$ed in) operati0Tr5
1949.470
4.023 325)
ANALYSIS OF CHAP4GES IN NET FUNDS
Ai 1.8.23
Cash flow
At 31.7.24
Net t4$h
Cash ai bank
99 2 956 $21
137
2.956J21
3 093 9211
Total
ij?
3 093 920
The notes fo￿ part of these financial stat¢m¢nts
Pa8e 14

SUSTAINABILITY. HEALTH. ENVIRONMENT.
. DEVELOPMENT.
{SHEDI
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLICIES
Basis Of prep*ring Ihe fin*nei*l Matement$
The financial slattments of the charithble Company. whi¢h is a publi¢ benefit enlity under FRS 102, have been
prepared in a¢cordance with ihe Charities SORP (FRS 1021 'A¢coun¢ing and R¢porting by Charities= Statement of
Recommended Practice applJ¢abl¢ ￿ charities preparing iheir accounts in acwrdan¢e with the Finartcial R¢p)rtinB
Standard applicabk in the UK and Republic of Itelartd {FRS 1021 (effective l January 20191,. Financial Rep)rting
Standard 102 The FÈnancial Rewrting Standard applicable io the UK and Republic of Ireland, and the Cornpanie5
Act 2006. Th¢ finaneial stat¢m¢nts have been prepared under the historical cost ¢onveotion.
The financial statements have been prepar￿ on a going concern basis. In adoptin8 this accountlll8 poliry thE
Trustees (who are also diredoTS) have ¢onsidered th¢ valu¢ ot drjnations which the ¢harfry Is Ilkely iu r￿￿1V¥, ¢tii¢J
for which they have no re&wns lo ￿lieve that the charity will. not r¢c¢ive. Th¢y have considered a period
exceeding twelve monihs from th¢ dat¢ of ihis report.
Income
All income is reco8nised in ihe Ststement of Financial Aciivities on¢e ihe chatity has entiil¢m¢nt ro the funds, it LS
probabl¢ that the income will be received and the amount can be rneasured Teliably.
Expendilurt
Liabilitie5 are rttognised as expendiiwe as ￿0￿ as theT¢ is a legal or constnluive obli8ation cornmitting the charity
io thot exp¢nditur¢, ii is pn)bable thai a transfer of economic ben¢fi¢S will be required io senl¢m¢ni and th¢ amount
of the obligation ¢an be measured reliably. Expenditute is accounted for on an attwals basis and has been ¢lassifJed
under headings thai aggregai¢ all cosi related to the category. Where costs canrK>t ￿ dircctly attributed to panicular
headings they have been ajlocaied io activities on a b¥is consistent with thE Use of resources.
TaxAtioo
The ¢hariiy is exempt frorn ￿rpOratiOn tsx on its ¢haritable a¢tivili¢s.
Fund aeeounting
Unrestricted fund5 can be used in ac￿rdanCe with the ¢harithble objectives ai the discretion of the tnistees.
Restrici¢d funds ¢an only ￿ used for particular restricted purF4)ses within the objects of the ¢harity. R¢stri¢tions
arise when specif￿d by the donor or when funds are rdi5ed for particular restricted purposes.
Further explanalion of the nature and purpose of ea¢h fund is iD¢lud¢d in the notes to the flnancial slatements.
Pension costs and other p)st-r¢tirement benefits
The charitable eompany operntes a defined ¢oniribution pension schem¢. Contribution5 payable to the charitable
company's ￿nsiOn scheme are charged to the ￿atement of Finan¢ia] Activities in the period io which they r¢latr.
The cbariiable company does noi op¢rat¢ a pension scheme. Contribuiions payable by the ¢haritsble wmpany io lh¢
employee5 personal pension schemes are ¢harged to th¢ Stsiem¢ni of Financi￿ Activiiies in the period to which
they relate.
Page 15
continued...

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED)
NOTES TO THE FINAYCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 JULY 1024
DONATIONS AND LEGACIL5
2024
2023
Donations
6J45.000
INVESTMENT INCOME
2024
2023
Deposit account interest
CHARITABLE ACTIVITIES COSTS
SupFK)rt
¢ost5 (see
IKile 5}
Dire¢t
Costs
Toials
Charitsble A¢iivities
199J51
3.559JSI
SUPPORT cosrs
Governance
costs
Mana8ement
Totals
Charitable Activities
196551
3,00
199JSI
NET INCOMEJ(£XPENDITURE)
Net incomel{expenditure) is stated after Chargin￿(credIti￿g)-.
2024
2023
Auditors. iemun¢rdiion
TRUSTEES. REMUNERATIOIY AND BENEFITS
There were rto tru5tee$' remunerfion or other benef￿ for the year ended 31 July 2024 nor for the year ended
31 July 2023.
Page 16
continued...

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVEIA)PMENT.
(SHED)
OTES TO THE FINANCIAL STATEMENTS- eontthued
FOR THE YEAR ENDED31 JULY 2024
TRUSTELS, REMUNERATIOIY AND BENEFITS- ctsntinued
Tru$tee5' expenses
Travel expenses paid io Trnsiees in Carrying out their governance roles amounted to £Nil (2022 . £Nil).
STAFF COSTS
21124
2023
Wages and salarie5
Social security costs
Other pension costs
iii,000
6552
107.667
6,886
124
121.555
The average monthly numberof employtts during ihe year was as follows..
21124
2023
Charitable Activities
No employtts received emoluments tn excess of £60,IKIO.
COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES .
Unre51rtcted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Investment income
4.792
EXPENDITURE O
Charitablt activities
Charitable Activities
4.055.917
4 055 917
NET INCOMEI{EXPENDITURE)
(4,051,125)
(4.051.125)
RECOIYCILIATION OF FUNDS
Tothl funds brought forward
4.148.042
4,148,042
TOTAL FUNDS CARRIED FORWARD
Page 17
continued...

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED)
NOTES TO THE FINANCIAL STATEMENTS- tontinut41
FOR THE YEAR ENDED 31 JULY 2024
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
Prepayments
4,985
938
1.029
1.029
CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR
2024
2023
Trade credilOTS
Social se¢urity and other wes
Accrued expen5CS
2.999
2.183
SJ32
46.405
12.
MOVEMENT IN FUNI)S
Net
movement
in fvrtds
At
31.7.24
At 1.8.23
Unrestrieted fund$
G¢neTal fund
9&917
2.992.SCrfJ
3.1189.417
TOTAL FUNDS
90.917
3089417
Net movement in funds. included in the above *e as follows."
Incornin8
resources
Re50urees
expended
Movement
in funds
Unr¢s¢ri¢ted funds
Generdl fuTwJ
6J52.051
(3059.551)
2.9925011
TOTAL FUNDS
6552 1151
3.559,551
2 992JOO
Pa8e 18
continued...

SUSTAINABILITY. HEALTH. ENVIRONMENT.
DEVELOPMENT.
(SHED}
NOTES TO THE FINANCIALSTATEMENTS- cotstitiyed
FOR THE YEAR ENDEDJI JULY 2024
12.
MOVEMENT IN FUNDS- continued
ComparntSves for mov¢m¢nt i• fll•ds
Net
movem¢ni
irt funds
Ai
31.7.23
At 1.8.22
Unrestricted funds
General fuNI
4.148.042
{4,051,125)
96.917
TOTAL FUNDS
4.148.042
4,051,125)
96.917
Comparative net movement in funds. included in the atKJve are fol￿w$..
Incoming
resour¢es
Resources
expended
Movement
in funds
Unrestritted fund$
General fund
4.792
{4,055.9l7)
(4.051,125)
TOTAL FiINDS
4055 917)
4051 125)
A current year 12 month5 and prior year 12 mtsnths combined p)sitiOn is as follows..
Nei
movernent
in funds
Ai
31.7.24
At 1.8.22
Unrestri¢¢¢d fyDds
General fund
4.148.042
(1.058.625)
3.089.417
TOTAL FUNDS
4 148042
058 625)
3089417
A current year 12 month$ and prior Y￿ 12 months w)mbit)ed n¢t movement in funds, included in the aknve are as
follows..
Ineomift8
sour¢es
ReKJurces
expended
Movement
in funds
Unrestricted fumd5
Geoeral fund
6J56.843
{7.615,468)
(1,058.625)
TOTAL FUNDS
6 556 843
7.615 468
1058.625)
Page 19
coniinued...

SUSTAIP4ABILITY. HEALTH. EIYVIRONMENT.
DEVELOPMENT.
(SHED}
NOTESTOTHE FINANCIAL STATEMENTS-tontiTrued
FOR THE YEAR ENDED 31 JULY 2024
13.
RELATED PARTY DISCLOSURFS
There were no relwed party Iransactions for the yfdr ended 31 July 2024.
Page 20

SUSTAINABILITY. HEALTH. Ef4VIRONMEN.T.
DEVELOPMENT.
(SHED)
DETAILED STATEMENTOF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED31 JULY 2024
2024
2023
INCOME AND ENDOWMENTS
Dongtion$ and leg#cies
Donations
6J4S000
Investment income
Deposit a￿0￿￿t interest
Total incoming re50urees
6,552,051
4,792
EXPENDITURE
Ch*ritable activities
Curatorial and Facilitaied programmes
PartntTship Building
Radical Resear¢h Fund
Supwrting Emergenct and Pilot Schemes
129.000
862.000
1267.50•
,101s0•
425.000
993.976
745,400
1,688 252
JJ6O.000
3,852,628
Support Costs
M*n4gemen¢
Wages
Social 5¢curity
Pen510fbS
Insurance
Telephon¢
Postage and stationery
Travel
Hotels & meetin85
Prof¢ssional fees
Subs¢riplions
Computer and 50ftware expenses
Sundries
Bank Char8es
iii.oo•
6552
7,002
lJ96
107.667
6,886
7,002
1.326
1,991
1,582
22,376
43.246
439
425
6,941
1,416
19J68
37.857
1.782
591
8,026
350
227
395
196.55]
200,276
Covern*nte eosts
Audiiors. remuneration
Account8n¢y and legal fe¢s
3.0(K)
3,000
13
3,013
This page does not forni pwr of the ststutory financial sw¢meDts
Page21

SUSTAINABILITY. HEALTH. ENVIRONMENT. .
DEVELOPMENT.
(SHED)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR EIYDED3J JULY 2024
2024
2023
Total resources expended
59
4055 917
Net ineomtl{expenditure)
4 051 1251
Thi5 page Ik)es not fonn p¥t of the $￿VIory financial $￿ements
Pagc 22