REGISTERED COMPANY NUMBER: 12096693 {England and Waks) R£CISTERED CHARITY NUMBER: J 185591 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENfs FOR THE YEAR ENDED JI JULY 2025 FOR SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMENT. (SHED) Maxwell & Co 9 Abb¢y Business Pk Monks Walk Farnham Surrcy GU9 8HT 4AF0X2LM9• COMPANIES HOUSE
SUSTAINABJLITY. HEALTH. ENVIRONMENT. DEVELOPMENf. {SHED) CONTENTS OF THE FIT4AT4CIAL STATEMEIYTS FOR THE YEAR ENDED3I JULY 2025 PAg¢ eport Of the Trnstees I to 6 Report of the Independent Auditort Statement of FinTrtial Aetivitie5 10 Bl#n¢e Shttt Il 10 12 Cash Flow Staternent 13 Notts to the Cash Flow StaterneTht 14 N•tes to the Financial Sl#temtNts 15 to 20 D¢t*iled Stxtemeot of Fimaneial Attivilie5 21 to 22
SUSTAINABILITY. HEALTH. ENVIRONMEPIT. DEVELOPMENT. (SHED) REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 2025 The trustees who are also director5 of the charity for the purp05e5 of thc Companies Act 2006. pres¢n¢ their report with th¢ rinancial 51alements of the charity fty the year ended 31 July 2025. The trustees have adopted the provisions of Accountin8 and Reportin8 by Charities". Stskmeni of Recommenthd Practice applicable 10 charities prcparing their accounts in accordance with the Financial Reporting Standardhpplicable in the UK and Rcpubli¢ of Ireland (FRS 102){effective l January 2019). This Report provide5 an ov¢r5ightof Sustsjnobility, Health, Et)vironment, D¢v¢lopment (SHED) activities in 2023124. SHED officially registered as a Company and Charity ai ihe beginning of ¢ktokr 2019. OWECTIVES AND AcfiviTIES Objectivt5 and *imJ The Charity airns'.- a) To promot¢ sv$taithabl¢ d¢veloprneni for the benefLt of the public by-" i) the preservation, ¢Onservatn and the prote£tion of the tthwironmetlt and the prndent use if resources.. IL) the relief of povefty and the improvemeni of the condiiionof life in sttially and economic8lly disadvanlaged communities.. iii) the PTomotion of sustainable means of achieving economic yowth and tegenerntion. Su51aiD3bl¢ d¢v¢lopm¢nt m¢3ns "Developmertt whi¢h meets the needs of the preseni withoui compromising the ability of futyjre generaiions to meet iheir needs" b) To promote equality and d]veIty for thc publi¢ benefit by-" i} the elimination of discrirnination on the grounds of rdcq T. disability. sexual orientation OT religion: ii) advancing cducarion and raising awarencss in 4u31ity and div¢tsity", iii) promoting ac(iviiies to foskr understanding bcNeen people from diverse backgrounds: iv) cortductLng 01 commissionin8 research on equality and divtr5ity is5Uts and publishÉng thc results lo thc public. Page I
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMENr. (SHED REPORT OF THE TRUSTEES FOR THE YEAR ET4DED31 JULY 2025 0ECTIVEs AND ACTtVlTIES SlgnificAnt 8CtbVLties In 2024-25. SHED {Su5tsiD3bJlJty, Health. EThvironmenL Developrneni) deepened its role as a vital plarforni for grassroots movem¢nLS by $upporrin8, cuwating, and dIemInalln8 ihe work of individuals and collKtiv¢s r¢sponding ¢0 the interwoven ¢ri5¢5 of ¢nvironJn¢ntal rollap5e, InequaLItyb atjd culttjral dLsplacemeThi. Through our digital plarforni. Necessiry ece$sity.]nfo and physica] 8ratLI pro8rammes, we culiivad rclauon5hip5 of Inj and care across commwiiti¢s. dcvcloping practice5 of r¢si5tance. refugc, and Tenewaj. We decided in rhis year's report to explore our Work via the five intrTsecting theu$. roLknJ the N¢¢essity website: l. Food Systems and Struetures 2. Decolonisation and PosIroWth E¢onomie5 3. Domestic Resilitnte and CaliVe Communities 4. Radical Recoociliaiion 5. Environmental and Human RJ"ghts We have also iDcluded an updare OD Rw"dency and Learning Exchange Programme Context= Polst?ral and Envlronmentl Landstape of the UK Th¢ pasl year in th¢ UK has been markd by inteThsifying pre&sure5 acr0&5 wkljtical, environmental. and c4JltUTal spheres. Amid deepening inequality. Te8ional economic sta8rtation. and climaie volaillity. communiiies continue 10 expenence ihe compounded effcas of austerity. insritytional neglcct. and fragrnented publi¢ setvi¢es. These coThJititsns shape aThJ ¢on$train the work of grassmoLs or8ani5aiioLs. while atso giving rise w new forms of solidarity and resislance. Environmentsl policy has rematned incohereni and largely perfonnaiiyt, wilh thc UK governmcnt backtracking on key climate comrnitrnenls- including d¢loy5 in phasing out petrol vehicles and weakerted planning Tegulalion5 for f055Jl fuel extraction. Despjte rhttor]cal tommjtments to'net zero," meaninEful Investmeni in Ereen infJastrucDJre has fallen short. and frontline communiries bear the brunt of air pollution. flooding. and energy inserurity. Community-l¢d e¢oltsgi¢al projects increasingly fill rhe vacuum left by policy failure. resioring lar. seed knowledge. and climaie lirerdcy at a hyper-local level. Art5 fuThding has also com¢ under incT¢asing strain. In lal¢ 2024. Arts Council England faced renewal trLticism for Jts Londonf'ievelling up" rebalattin8 agenda. which has oftcn rcinforced prttarity rather than allcviated it. Cuis io core nding for gTaSSTOOts arts organisaiions. especially those led by and seThLng miwt. dis&bled, and working-class communitie4 have forced many io scale back or close. Funding criieria remain narrow and often depolitlclsed. privilEging safe. rnarkei-friendly outpu15 over critical. participatory. and plac¢-b35d prJ¢titt5_ This context underscore5 the urgency and 1¢Yance of SHED'5 Work. Rather than r¢prodKing institutional Cycles of on5ultalioD. tokenism, and extrartion. SHED $upsKbrts long4erni telatjonships artd mufval leam]ng grourtded in care, land, and collective agency. OUT partneT5hips wilh community organi5Cts. artists. groweTS. ed3¢01s. and healets aCTOSS the UK and beyond offer a Counter-)de1 to dominant p)li¢y logi¢s." one that uthderstands that cultural transfomiatioth musi be Tooted in justice. ecolo8y. and lived expenence. Neee551ry Theme I: Food steD ad Structre5 Social Farm5 & G4rden5- Food Sovtreignty. Seed S#ving & Excha (Northern Irtlnd) OpeTat)ng atross 23 gardens this pro8ram delved into lood sovereignty. bitrJiveTSity. and climate resilience. By faciliiating s¢td saving and exchange. Ihe initiaiive empowered communiiie5 to reclaim control over their fLK)d sy5tem5 and fostered a deeper connection th¢ land. Pa8e 2
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEvELOPTr[Er. {SHED) REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 21125 OBJECTIVES AND ACTIVITIES The Wash House G8rdeD ICl85gow) Th¢ Wash HOUR Garden is a workets tiFopetalive of community 8roweT5. twarding abeautiful piece of laThJ in East Glasgtsw. Th¢y seek 10 aeiively conrribute io the smiggles for foLwJ sovtreignry and land justi¢e Jn G13sgow, Scotland and beyond. Since 2018 th¢y have been farniithg a secluded half of an acre cke away behind the old Parkhead Wash Housc. Thi5 building was once a focal w>int for tbe local arta and ihey mirror this by placing community al ihe heart of whHI they do. A5 a family of stsff and voluni¢ers they grow fruit and vegeiables for 30 hotsseholds and a few fo(Al businesses each week from Spring thTough AutumTb. using agrOLogIcal. ntrdi8 meth(Mls 10 en5uye our ecosystem (includiTh8 the people) is as healthy as possible. RLM regular volunteer se55ions for aDyQn¢ in4¢restd in learning tnore aiknui growing f(K>d and ¢onn¢ctillg with othe k particularly aiming to Create a safe space for people from the LGBTQ+ communiry io facilitg4te access to land-based ski115 for ihi5 CommL1ty. Run WOTkshops on fd grow]ftg, b¢¢keepin8 and other outdoor crafts for local or8anisaiiotJs, SCh)iS, nurseries and (he 8cn¢ral public. We do these al thc garden and throughoui the city. Grand Ulon Growlng Project (BlrmiAgtham) The Growin8 Project is a transfornjative comrnunity programrne using aTt ynakirkg. gardening. cwking and simply b¢ing together as 8 way of offerin8 support and frJ"endship io people passing through dcli lime5. Project partners include OTganhsation5 who suprort vulnerably-h¢Ju5ed rKople and those experien¢ing ¢ri$is. Nece55ity Theme 11: Defoloni5¥tion and POStr01 Economi Migrants in Culture A migrant-led design agency, Mi8rants in Culture resources organiscr5 and arti5 to build more creaiive and powerftjl StKial movernenis. TheiT work mov¢$ towards a ¢oll¢¢tive capa¢Lry io ima8ine and live without borders, fosiering solidarity and agency within mi8rant commtjniiies. perforrniJgboTd¢rs Thhs collectively run. migrani-led plarfonn focuse5 on artisric r¢5car¢h ond creation ¢entre4 on notions and liw¢d experiences of intersectional Frt)rders throu8h live arr and perfonnancc praaice5. Collaborlg with guest curdtOTS. thinkers. artists, activists. and TE5earchew4 perforniingbordets iniewro8at¢s artd r¢defit)es boundan.es in the ars. These projtcts exernplify SHED'S commitment to 5UPWbrting transforrnativ¢ practLtes that envision eCo[leS beyond growth, cthteritt8 commuttity resilience, and decoionial futurc5. Lauriston Farm {Edinburgh) Laurision Fami is a IIM)-acre Urban community fann sitsaled on the ¢dg¢ of the city of EdiDburgh. In 2021. Edinburgh Agroe¢ology Cooperative Community Inierem Company agreed a 25-yeaT lease wilh Lhe landowners. the City of Edinburgh Council, with 3 vision for a plac¢ that 15 vibrant, r¢sili¢nt alld just, wh¢Te food, ecology and cornmuniry aTe not 5¢condary but ccntral a[ Jnt¢gTated concerns; whert a holistic approach to the well-beitig of individuals and their environment builds well-being in thc community- and whcrc conn¢¢tion with th¢ land, our health and our COTnrnunilics is felt deeply. Nttesslty Theme III: Dome51ic ResilieJKe #nd Cntivt Comrnullltles Synt#x IP¢ierborough)- Hosled 8-w¢¢k workshops with emeryng Ls age41125. culminating in a bilingual zine and public performance. Justlife Creative Studio IBrighton}- Engaged people with livd cxpcriencc of homclcssncss in arti residen¢ics. addressing the 8¢s¢heti¢s of survbval through photowhy, xy]pThJr4 and SOUAd. Page 3
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPME. {SHED REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 2025 Reading Room Network- Host over 60 book events a¢ms$ 9 r¢gion$ with sp¢Akers from intersectional social movements. Key themes included atrx)IiiH)n. Joy as re51stsnce. and ecofeminism. Ntce5$ity Theme IV= Radltal R¢¢on¢ililoA F•re5h#dowitsg- H¢ld gn¢f gath¢rin8s itt Newcastle aDd G18S8ow explorin8 climatc loss through collective ribJal& poetry. and irnm¢rsiv¢ iThstallatLon art. Mouri¢s Collrftiv¢- Based in Aihens. this dbaspoTa-led group held cr0s5-both digital workshops on rial care practices. inviiin8 UK participants tnio ancestrdl knowledge reclamation. The Shiellng ProJert- Facilir3ted 5uson•l residenti$ 00 PT¢-industriai land practtces with youth groups. Teachin8 intluded sheep herding, food preservation, and commuThal singing. N¢cesslty Theme V: Environmtntgj and Rights Tho Nature Project Launched in Brislol. this iniriaiive offer5 free WOTkshops combining fortst therapy and p$ychoeducaiioTh 10 enhance mentsl well-beirtg artd fosier a deeper conrtection with na. Participanis tngage in mindfuJness-ba5¢d PTacIic¢5 and dIu55105 exploring themes like confidenc¢. ¢r¢31ivity. and connecfii>Th. airning to promte both pew&nal health and ertvironmentsl 5teward5hip. Incommons Working to d¢velop an a¢¢essibl¢. a¢iion-focus¢d educational pro8ramme for adult learn incornmons aim5 to build understsndJtt8 and experience Ln commoning. The initi1ve seeks to empowcr communiti¢5 kn make p05iliY¢ ¢hang¢s through shared knowl¢dg¢ and collective actJOD. Residency and Learning Exchange PTogrrnmt This year, SHED continued io develop its residencie5 for UK4ase4J aT¥J international prn¢tition¢TS working at ihe intersections of ecology. art and p¢rfonnaD¢e_ Of no¢ has be¢n a n¢w pilot Pamrship established beeeTh The Newbrid8e Project (Neweasile) and Gallery PadISe in Nan. This new ¥tre saw seven artists from Newt¥tle visit Nantes". . Marek Gbry5eh & Lind58y DuncNsoA {May4une).. Focused on sound and field rewTding, Creating visrtr41 'li5tening map5" Of nonhuman life. • Izaok Gltdhill (June).. Used immersive perforniarte to explore aIreM1Ve Tiwals of lef. menw. aTrJ queer hornernaking. . Lucy Heatott (MAy-June).' Delivered community workshtys on movemeThi prdcticcs and DIY languagr. culminaling in a public sonic medilaiioTh. • Niall Creaves l Afonso Ferreirx d¢ iitha sanc1/ Lucy Crimmens (J•lle-July): A shared residency explorin8 graphie desi8n. food a5 archive. a1 iouch-ba5cd 50mic r#¢arth. In all 67 Residencies were supported by SHED and included cr055-language facilitation, CTitical Teflection sessions. and microgrdnts for material developmcnl. In partrtrship with re8ional arts and justice nemorks SHED has conne£ted i501ated prdciilion¢rs and crea*d shared resources. Highlights included". • Monthly Peer Exchangc Circle5 via Zo)rn for artists exploring social wjd Cnvirothmental justi¢¢ In-PeT50n Icarniog Inien$sves in New¢astl¢. Tomai, artd Nanies . Publishing t{) enabling exchange benveen UK-based aDd international practitsonert- i.e How to StArtand Art School- TOMA PaKe 4
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMENT. (SHED) REPORTOFTHETRUSTEES FOR THE YEAR ENDED31 JULY 2025 GOVERP4ANCE AND ETHICS SHED maintained quarterly tru5tre mcetings and d¢veknp 3 n¢w Complaints Policy. In Ihe year ahead. SHED will.. • Expand international collaborations through Residency Progrdmme arnl tarnin8 Exchange Pro8ramme . Launch a new grass-roots film makit)8 neNork in the North Easi. . R¢main ¢OTnmitted to tLLltivaiiD8 collective fuwre5 rood in cJt¢. t¢¢ipro¢ity, #nd ¢ourag¢. ST114TEGIC REPORT Reserves policy SHED'S organizotional infrastruthrt Is very l18hi. with iothl annual overhead running costs of £185,0 (wag¢s,' a¢¢oun¢ant fee., oifice costs). SHED Trustee's have agre¢d that it will always eth9e £250.0(M) a ReSee Policy ai all limes. Coing coneern During the year, a donation of £2.7(KI.OLKI was received by the charity from its 5ingl¢ donor a5 th¢ doTW Continues tts be supportive of ihe charitys aim5 and jeCtIVes. The accounts cothtinue to be prepare4 on the basis thai the ehariry remains a going ¢on¢ern. STRUCTURE. COVERNANCE AND MANAGEMENT Governing document The charity is conirolled by its governing dotumenL a deed of trusr. and eonstituie5 a limited company. limited by guarantee. as d¢fined by the CompanLes Act 2. REFERENCE Af4D ADMIP41STRATIVE DETAILS Registered Company nurnb¢r 12096693 (England and Wales) Regtstered Charlty number 1185591 Registered office Chauff¢urs Cottages Si. Peiers Road Pet¢Tborough PEI IYX Trustees Ms B A Ram5Cy M J Richards Dr K N Marsh Audltor5 Maxwell & Co 9 Abbey Business Park Monks Walk Farnham Sury¢y GU9 SHT Page 5
SUSTAU4ABILITY. HEALTH. ENVIRONMEf4T. DEVEWPMENT. (SHED) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 TRUSTEES, RESPONSIBILrfY STATEMENT The Iruslees (who are also th¢ dircctor5 of Sustalnability. HIlb. Environment. Developmcnl. for the purpose5 of company law) are respoJisLble for preparing the Rewt of the Tnjsttts and the financial statemeiits Lth acc4)rdance with applieable 14w and Urtited Kingdom Accounnng Standards Iunited Kingdom Generally Accepted Accountin8 Praetice). Company law reqlte$ ihe trugees io prepare financial miements for each fjnancial ye4r. Under thai law. Ihe trustees have ¢lected to prepaTe th¢ finan¢ial stai¢menis in a¢¢oidan¢e with Unit¢d Kiogdom Gen¢rnlly A¢¢epi¢d A¢¢ounting Pratti¢e {Uthit¢d Kingdom A¢¢ouniing Stalldards and applitable Jaw). Under company law the tru5ttes must not approve the financial stateThents unless they ale satisfied that they give a and fair view of the staltolaffairs of the chaniable company and of Ihc incoming resourtts andapplicaiion of Tesources. including the in¢om¢ and ¢xpenditurK of th¢ ¢haTitsbl¢ tompany for that pttiod. IRI pr¢paring t$¢ fithan¢ial stsi¢m¢rtt& th¢ twstees are rquired io select suitable a¢¢ounting policies and then apply them c(>nsistentJy: observe the methods and pnnciples in the Charilies SORP.. make judgements and estimate5 Ihat are r¢a50nable and prudeni" state whether applicable accountinE Standards have been followed, Abject to any material deparnjres disclosed and explained in ihe financial 5uiements- prepare the financial statements on the 80in8 concern basis unless iti$ inappropriate presume thatthe charitable comp8ny will continvt in busiDe55_ The trustees are r¢5pon5ibl¢ for k¢¢p>ng Prop arcounting r¢cord5 which di5clo% with r¢awnabl¢ ac¢ur¥y at 3ny time the financial posirion of the charitable company and ro enable them to cn5urc thai the fmancial starements comply with Ihe Companies A¢t 2006. They are also respon$Lble for safeguarding the wtis of the chatitsble wmpany and hence for takiog reasonable 5Leps for the prevention and deieciion of fraud and oiher ifTegularitie5. In $0 far as th¢ trnstees ar¢ awaff.. there is relevant audii inf0mtion of which thc tharitabk company'5 auditor5 are unowar¢'. and the trustees have taken all Ste that they ought to have taken to make themselves aware of any relevant adit irtfomiation and io establish that rhe auditors are 3waTe of that infonnation. AUDITORS The auditors, Maxw¢ll & Co, will be proposed for re-apwTrinwt at the f¢ythcomin8 Annual Getleral Meetin8. R¢porf orth¢ Inte¢s, inrorpordting a Strategic ryrt* approv¢d by ord¢rof the bo3nl of Iru5te¢5, 45 the company directors, on 24th April 2026 and signed on the board's bthalf by.. i¢hards- Trtl¢¢ Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMENr. OPLDIOII We have allIed the finarKial stafrments of Sustainability. Htalth. Enviwmneni. tkvelopment. {the'¢haii4bl¢ Company) for th¢ year ended 31 July 2025 wlLich eompnse the Siatemenl of Financial Aciiviiies, the Balance Sheei. the Cash Flow Stalemtnt and notes io the fanCIal 5ratcm¢nts. including a Summary of 51gnifitaTht acCountg wblicies. The fLnancial reporting framework that has been applied in their preparaiion is applicable law and United Kingdom Accounting Standards (United ngdorn Gerberally Accepted Accounting Prnciice). In aur opirtion the financial suiements.. give a true and fair view of th¢ State of the charitsbl¢ ¢onJpany's affaiTS as ai 31 July 2025 and of its in¢oming resour¢es and applicaiion of resources, including its income and expetLdiwr¢. for the yur then ¢nd¢d.. have been prop¢Tly preped in accordance with Unite41 Kingdom GeDu31ty Acrcpted ActouThting Practice,. aThd have been prepared irt accordance wih the requirements of the Companies Aci 21M)6. B$i$ for oplrtlthn We conducted our audir in accordance wilh Iniernationa] Stsndards on Audiiing {UKI {ISA5 (UKII and applicable law. Our responsibiliti¢$ und¢r thos¢ stattdards are fiwther described in the Auditots, responsibilities for the audii of Ihe fmancial 51al¢rnents 5¢clion of our Teport. We are indepcndenl of Ihc ch3ritabl¢ rompany in acctsrdance with the ethical requiiernents thai are relevani tooui auditof the firtaneial statements in the UK, including ihe FRCS Ethical Standard. and we have fijlfilled our other eihical re5ponsibiliiie5 in accordance with these rcquiT¢ments. Webeli¢ve Ihatth¢ audiT evid¢n¢e we hove tsbiained 1$ sufficient and apyyowiate io pmvide a basis for wr ownim. Conelu$ion$ r¢latiffjg to goiJ)# ¢on¢¢rfy In auditing the financial 5ts1emenr5. we have conchjded that ihe tslee5. us¢ of th¢ going CO¢ ba515 of &cwuntin8 Ln the preparation of the financial stsiemthts Js apprcynate. Based ort th¢ work we hav¢ wfomi¢4 we have not identified atty material uncenaitiiies relating to events orconditions rhat. individually or colleciively, may cast significant doubt on th¢ chwitable cornpany's ability to ¢ontinue as a going ¢on¢¢m foi a period of ai leasi Nelve months from when the financial Statements art authorised for issue. Our re5POrtsibilities artd the reSnsIbIlitits Of the trusttts with rtspeclto 8oiri8eonctsm art dtscribed in the relevant stciions of this report. Other inforrn¥tio• The trustees are responsible forthe other infomlation. The other inforniaiion comprisesthe infornurion included inthe Annual RepoTL other than the financial stal¢m¢nls and our Report of th¢ IndepathThl AudilOTS theretsn. Our opinion on the financial 5tatem¢nts doe5 nol rover the oth¢r inftsTmation and. ex¢ept to the extent otherwise expli¢i¢ly stated in our report, we do not express any forn) of Tance conclusion thereon. In ¢onne¢tion with our a111 of th¢ finaJJ¢ial staL¢m¢n our t¢sponsibilily 1$ to read the other infornia(ion and. in doin8 50, consider whether Ihe other infornuiion 15 maierially inconsistent with the financial 5tstements or our knowledg¢ obtained in the audit or oih¢rwis¢ appean to be znat¢nally misstated. If w¢ identsfy suth Tnattnal in¢ollsisietteie5 or apparent matetial misstaiemethts, we are requwed to deterniitle wheiher this 8iVe5 rise io a maierial rnisstsiem¢nl in Ihe fmancial siat¢rnenis themselves. If, based on the work w¢ hav¢ p¢rfoTm¢d, w¢ conclude thai thet¢ 1$ a maierial mi$staiemetht of this oth¢ infomiahon. we are required to repm that fact. We have nothing to repffl in this regard. M*tter$ whkh w¢ are requSred to rwrt by ¢xceyh)n We have nothing 10 report in respea of ibe followiDg maueT5 where ihe ch]11¢5 (Accounts and Repon5) Regulations 2008 requires us ¢0 repon you if. in our opinion.. the informaiion given In the Rep)rt of the TrUSeS Js inconsistent in any material respect with the financial stskments. or the charitsble cornpany has not kept adquate CjnLing r¢rord5.' or the finan¢io1 sioteTneDt5 arc nol Jn agreement with the a¢¢wnting r¢¢ords and r¢h]ms- or w¢ have not received all the infornutson and expianatiorLS we require for our audii. Page 7
REPORT OF THE INDEPEf4DENT AUDITORS TO THE TRUSTEES OF SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPME14T. Respon5ibilitie$ of irustet$ As explained more fLLlly in the Trusiees. Responsibiliri¢5 StatcwKn( th¢ In¢¢¢5 (who are also th¢ direciots of the charjiable ompany for th¢ Pur>$¢$ of ¢tsmpany lawl ate rtspotssible for the prq)araiion of ihe financial staiement5 and for being Satisfied that they give a tnje and fair view, and for such internal control a5 the trustees d¢tennine J5 necessary to enable the PTeparah"on of fjnarbcial 5ts1crnents that are free ftom material misstatemenL whether due fraud or error. In prepann8 the financial statem¢nts. the twstces are Tesponsible forasstssing the chantable company's abiliiy io continue as going concern. disclosing. as applicable, mallers related io going concem and using the going concern basi5 of accounting unless the tru51ees either inrend liquido¢ th¢ ¢haTitabk Company or to eease operatioJLS. or have DO realistic aliernaiive bur to do so. Our responsibilitie5 for ¢he audit of the finan£ifil Mxttments We have been appointed as audiiors under Section 144 of Ihc Chariiics Act 2011 and repwt in ¢Tltr with th¢ A¢1 Ind relevarbt regulation5 made or having eff¢¢t th¢r¢thid¢Y. Our obje¢tives ar¢ to obtsin 3$Onable assurance abour whether the flnancial stsrements as a whol¢ are fre¢ from m31erial misststemeni. whether due io fraud or error. aNJ to issue a R¢port of the IDd¢pend¢nt Alldiiots thai includes ow opinion. R¢a50nabl¢ assuranc¢ is a high level of assutanc4 but Is a guarantee thai ars a111 conducted in accordanc¢ with ISA5 (UK) will always deieci a maicrial mis5talemenl when it exi515. Misstatcmen15can ari5c from frdud ot ¢YTorand are cortsidered material if. individually or in the aggregate, they could reasonably be expected io influcnce the economic d¢cbSi¢)ns of us¢rs taken on the basis of these financial statements. As part of designing our audit. we detenlDed materiality arxl ass¢ss¢d th¢ tisk$ of maienal misstaiemeni In ihe financial Slat¢m¢n15. includiDg how fraud may octur by enquirin8 of managtmeni of its owm consideration of fraud. We also considered poieniial flnancial or other prc5sur¢s. opportunity and rnotivalion5 foi fraud. As part of this discussion we identified the internal eontrols established to miiigaic risk5 r¢iaied io fraud OT fbon coryliNncc wilh laws ond regulation$ and how management monitor ihese pro¢ess¢s. AppTopnate pr(Kedures Jncluded the rtview and rt5ring of manual journa15 and key e$timates attd judgements made by mana8emeni. Our It$ included agr¢¢ing the finan¢i21 wt¢owttts disclosures io underlying supponing <bxumeDiation and enquirie5 with managemeni. We djd noi identify any kcy audil matt¢TS ielating to iwT¢gvlatiti¢4 in¢ludin8 fraud. As in all o(our audits, we also addressed the nsk of managemtni override of internal Controls including testing journals and evaluation whether there wa5 evidence of bia5 by the tru$tCC5 that represented a risk of material misststement due fraud. Our audit procedures were design¢d to respond to nsks of mat¢rial misstaternertl In the financial stsiemenrs, recognising that the risk of not detecting a material rni5stsmeni due io fraj is higher than The risk of nDL dete¢iing on¢ r¢sultin8 from ¢rror, a5 fraud may involve d¢libeTat¢ ¢on¢ealmertt by, for example, for8ery. misrepreseThraiions OT rhrough collusion. There are inhereni limitsiions in the audit pT(K¢du5 perfornjed and the Mrthei Trtnoved non•compliante wilh laws and T¢gulatlOll$ 15 from th¢ events and tratlsaclions reflected in Iht financial statemen thc less likely we 4r¢ to bccom¢ awa of it. The finn h&5 Compli with the requirements of ISQMI whiJ# ¢arryithg out the audiL A further description of our responsibilitie5 for the audil of th¢ fina181 stot¢ments is lorJd ort the Financial Reporting Council'5 web5ifr at www.frc.org.uklauditorst¢sponsibiliti¢s. This desciiption forn part of out Repon of the Independent Auditors. Use of oyr report This repon is made solely lo ihe chaTif8ble cornpJny'5 tnJstCC5. as a body. in accordance with Part4 of the Charitbes (Atcourtts and Reports} R¢gu13tion$2008. Our#udii Work has beeTb uthd¢ttsk¢n so thaiwe might stat¢ to thecharittble company'sirnstees those matt¢rs we are reqknired io state to them in an audiiors. repon ard for no other purpose. To The fullest ext¢nt peTtnitt¢d by law, we do not accepi or assume resp)nsibility w anyone oihcr than the chaTitsble company and the ¢haritsble company's ¢rusiee5 as a body. for our audit work. for this or for the opinions w¢ hav¢ forni. Page 8
REPORT OF THE INDEPEf4DENT AUDITORS TO THE TRUSTEES OF SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMEP4T. Signed on behalf of Maxwell & Co by.. ell&Co ible 10 aei bey Mon s Walk Farnham Suttey GU9 8HT an audi lern of Secrion 1212 of the Companics Aci 2LTh)6 Page 9
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEvELOPMEr. {SHED) STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED31 JULY 2025 202S Total lunds 2024 Total fun¢l8 unstrICt¢ll fund R¢stri¢i¢d fihnd Notes INCOME AND ENDOWMENTS FROM Dtsnalions and l¢gaci¢s 2,7NOI 2,7•0,0110 6.$45,()0 Charitable activities Charitable Activities 137J82 137W2 Inv¢stm¢nl incom¢ 6552051 EXPENDITURE ON Charitjble activiti Charitable Activities 3.193 3.559.551 NET INCOMFJ(EXPEf4DITURE (349?62 (349362) 2.992.500 RECONCILIATION OF FUNDS Totsl furtds broughL forward 3.lJ89.417 3.089,417 96.917 TOTAL FUNDS CARRIED FORWARD 2 740 155 1740 155 3 089417 The notes foTm part of these finan¢ial stsiements Page 10
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVEIXIPMENT. (SHED) BALANCE SHEET 31 JULY 2025 2025 Total funds 2024 Total nd5 UnT¢stri¢j R¢styi¢wl fund fund Notcs CURREf4T ASSETS Debtor5 Cash at bank 1.029 3 093.920 1740J14 2,740J74 2.740J74 3,094.949 CREDITORS Amounts falling dLLe within orte year 12 (219) (219) {5,5321 NET CURRENT ASSETS 2740 155 740 155 3089417 TOTALASSETS LESS CURRENT LIABILITIES 2.740,155 1740.155 3.089.417 NET ASSETS 2 740 15$ 274015S 3089417 FUNDS Vnre5tric*d funds 13 2740155 3089417 TOTAL FUNDS 2741115S 3089417 The ¢haritJbl¢ ¢ompany is eniLiled io exempiion from audit under Section 477 of the Companies Act 2 for thc ycar ended J l July 2025. The mernbers have not deposited notice. pursuani to Section 476 of the CoTnP)nies Act 21))6 wuiring an audit of th¢s¢ rinan¢ial statements. Thc trustees acknowledge ihciT r¢5POn5ibilitiC5 for (al ensuring thai the ¢hantabk Company keeps a¢¢oth?ling Te£oTd5 Ihai comply with Sections 386 and 387 of the Companies Aci 2006 and preparing financial staiements which give a tru¢ and fair view of th¢ stai¢ of affairn of th¢ charitable company as at the end of eaeh financial yeaf and of its surplus or deficii for each financial year in accord3nr¢ with lh¢ requirements of Sections 394 and 395 and which oth¢TWiS¢ Comply wilh the requiremeni$ of the Comparties Act 2006 relating to fsnancial $tatementy so far as 8ppli¢able to the charithble company. (b) These fmancial sialemcnts have betn audited utKler the rwuinnents ofse¢tion 145 of the Clwities A¢1 2011. ThE note5 form part of thcse finarKia] $¢atemeAts Pag¢ll continued...
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPTrTENr. {SHED BALANCE SHEET- cowlinued JI JULY 2025 The fancIal 51atem¢nts werc approved by the Board of TDJSt¢e5 and aUthord for issue on 24th April 2026 and w¢r¢ si8n¢d on Jts behalf by". Ichards- TTUStee The notes form part of thes¢ finan¢ial s¢ai¢mertts Page 12
5USTAJNABILITY. HEALTH. EIYVIRONMEIYT. DEVELOPMENT. (SHED} CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2025 2Q25 2024 Notes Csh flows from op¢rtiffjg a¢ti¥iti Cash generated from operation5 360 2 949 470 N¢i Cash lus¢d inyprovided by operaiinB activiiies 36 2 949 470 Casb flows from Investing activities Interest received Nel cash providcd by invcsting aaivilics Chang¢ in ¢a$h #nd cash ¢91¥1ttI i* the reporting period Cash ¢2$h equivakNts #i the begittni•g of ihe reporting period (353. 2,956.521 3.093J2• 137 399 Cash and tash equivakThts •1 the ead of the reporting ptriod 3 093 920 The notes forni part of thest finatKial 5tarernents Pag¢ 13
SUSTAINABILITY. HEALTH. ENVIROf4MEf4T. DEVELOPMENT. (SHED) NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2025 REcONCILTION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM OPERA TING ACTIVITIES 202S 2024 Net Itxpenditure)fin¢ome for the reporting per (as per the state¢ f Financial Aclivifies Adjustments for: Interest received Decrease in debtors Decrease In credits5 (349,262) 2,992,5(Ml (6,950) 969 13 {7,0511 4,894 Net cgsh (used In}Iprowided by operati•ns 36035 2.949.470 ANALYSIS OFCHANGES IN NET FUNDS At 1.8.24 Cash flow At 31.7.25 Net c#$h Cash at bank 3 920 2 740 314 353 Jm3.920 2 740J14 T•t*l 3920 2 740 3J4 The forrn part of these financial suiements Pag¢ 14
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMENT. (SHED) NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDEDJI JULY 2025 ACCOUNTING POLICIES Basis of preparing the financial sf8tements The financial 5taiemenis of the Clrable ¢omp•ny. whi¢h 1$ i publi¢ benefit eniiry under FRS 102, have be¢n PTepaied In aecordance with the Charities SORP IFRS 102) Accouniing and Reporting by Chariiie5.' Statement of Recommended Practice applicable to charities preparing their ¥rowits in arroTJanc¢ with the FinanGial Reporting Standard applitable irt the UK and Republic of Ireland {FRS 102) leffeciive l January 20191.. Financial Reporting Standard 102 The Financial Rq>ortin8 Standard applicablc in the UK and R¢publi¢ of Ir¢laThd' and the Companies A¢1 2CN)6. The financial S¢Ol¢Tnents have been ptepared under the historical cost convention. The financial 5tstr¥rtnTs h•v¢ been on J going ¢QTwn basis. adoptin8 this a¢eouniing poli¢y ihe Trus$ (who are a]so directors) have considered the value of donaiion5 which the charity l5 ljkely w rec¢iv¢. 3Thd for which th¢y hav¢ no Tea5Qll5 to believe that the ehanty tsoi receive. They bave considtred a rtriod txcetding Nielve month5 from Ihc d3te of thi5 report. Incorne All income is TogniSed in the Statetnent of Finan¢Jal A¢tivities once the charity ha5 eniiikmeni LO the funds. it is probable ihar the income will be received and the amouni can k Tneasui¢d reliably. ExpeAditure Liabiliknes are retognised as eApendiluTe as sith as there Is a legal or consmjctive obligation committing the chariiy to thai expendiiure. It IS Probable ihai a transfer of economic benef¥ts will b¢ r¢quired in setil¢m¢nt and lh¢ wnount of th¢ obligation ¢an ix measured reliably. ExpJdit&]re is accounted for on an accruals basi5 and has been classifLe4t under hewjings Ihar aggregate all CO related w the category. Where ¢ost$ ¢wJnot be th"r¢¢tly &Ibuted to particular headinRs they have been allocated to aciiviiies on a basis consisieni with the use of resources. TAxAtio The charity is exempt from corporation tsx on lis charitsbk actsvities. Fund •c¢ounli Unr¢stricted fijnds can be fjtd in accordance with the charittble obieciives ai the dixrdion of the misiees. Restncled funds can olY k used for particular restri¢ied purrx)ses within th¢ objects of the charity. Resrrictions aris¢ when specified by the donor orwkn furwJ5 aTE raiscd for particul r¢stri¢ied pryse$. Further explanation of the tsIre and PUTpose of each fwjd is included in the llo w th¢ financial stsmens. Penston costs and other post-retiremenl benefits The chaTitabl¢ company op¢ratr5 a defLnd contnbution pensiott scheme. Cortlnbutiolls payable to the ehaTitsble company's pension Scheme are cr8ed 10 the Statemeni of Financial Activities in the period which ih¢y rclale. The charitable company does not 0rate a 10Th scheme. Conrribuiions payable by the charitable company to the eTnployres personal pensi scheTnes are charged to the Staiem¢nt of Fin•i¥l A¢iiviti¢S in ihe p¢r¥)d to which they r¢late. Page 15 otttinued...
SUSTAINABILITY. HEALTH. ENVIROP4MENT. DEVELOPMENT. (SHED} NOTES TO THE FJIY ANCJAL STATEMENTS- FOR THE YEAR ENDED31 JULY 21125 DONATIONS AND LEGACIES 2025 2024 Donations 6 545 0(M) INVEsfMEIYT INCOME 2025 2024 Deposit accouni interest 950 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Aciiviry Charitable Activities Grnnls 137 38Z CHARITABLE ACTIVITIES COSTS Supp)rt costs (see noie 61 Direct Costs Tots15 Charitabl¢ A¢tiviti¢s 3.007.761 18S 833 3.193 594 SUPPORT COSTS Governance costs Maoagemelli Total$ Charitabl¢ Activities 182833 Page 16 continued...
SUSTAINABILITY. HEALTH. ENVIRONMEP4T. DEVELOPMENT. (SHEDI NOTES TO THE Fif4ANCIAL STATEMENTS- fontinued FOR THE YEAR ENDED 31 JULY 2025 NET INCOMElffXPENDITiJRE) Net ineomel(expenditure) Is stated after char8inBI{crcdhtin8).' Z025 2024 Audi¢OIS' Teinijneration TRUSTEES, REMUNERATION AND BENEFITS There were no tNstees' remuDeraiion or othcr benefits fow the y¢ar ¢nd¢d 31 July 2025 nor for the year ¢nd¢d 31 July 2024. STAFF COSTS 2025 2024 Wage5 and salari Social security cos Other pension cost5 119.083 7.458 111,000 6.552 7,002 124 $54 The average monihly nurnberof employees durin8 the year was as follows.. 2025 2024 Charitable Activities No employees received ell1ments excess of £60.OCQ. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMEWfS FROM Donations and l¢gacie5 6J45,(MX) 6J45,0 Invesmient income 7.051 Total 6.552 051 6552.051 EXPENDITURE ON Charitable activities ChaTltabl¢ Arlivitics 3559,551 3,559,551 Page 17 continued...
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMENT. (SHED) NOTES TO THE FINANCIAL STATEMETr4'TS- coDtittued FOR THE YEAR ENDED31 JULY 2025 COMPARATtVES FOR THE STATEMENT OF FINANCtAL ACTIVITIES- conttnved Unrestricied Reth¢t¢d nd Total nd5 NET tNCOME 2,992,5 2.992,5) RECONCILIATION OF FUNDS Totsl broughl fon¥xrd 96.917 96,917 TOTAL FUYDS CARIUED FORWARD 3 089417 3.089.417 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 PTepaym¢nt5 and aGcrucd income Prtpayments 60 1.029 60 029 12. CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 1025 2024 Trade CredIrS Social sccurity and Oth lax¢s Other creditors 2.532 219 219 13. MOVEMENT IN FUP4DS Ner movement in funds At 31.7.25 At 1.8.24 Unr¢strS¢ted fund5 General fvnd 3,•89,417 (349262) 1,740.155 TOTAL FUIYDS 3089417 349 62 Z740 155 Page 18 continued...
SUSTAINABILITY. HEALTH. ENVIRONMENT. DEVELOPMEPIT. (SHED) NOTES TO THE FINAf4CIAL STATEMENTS- FOR THE YEAR ENDED 31 JULY ZOZ5 13. MOVEMENT IN FUNDS- uDtlnued Nei movement in funds. in¢tud¢d in th¢ alt are fol]ows'. ITKoming resources Resources expended Movemeni in fiJnd5 Unreslricted fThd5 Gener31 fijnd 2JMJ32 13.193J94) (349262) TOTAL FUNDS 349,262) Cornparalives for movenlent in fndS Net movement in funds At 31.7.24 At 1.8.23 Unrtslricted fuTrds Gen¢ral fund 96,917 2.992.500 3.089.417 TOTAL FUIYDS 2 992 500 3089417 Comparative nct movement in fwth. in¢lud¢d th¢ above are as follows.. Incomin r¢souT¢es Resources expended Movement in funds Unrestricted funds GeneTal fiu 6,552.051 {3,559.551) 2.992,5( TOTAL FUNDS 6 552 051 3 559 551) 29925( A CUTrent year 12 months and prior yur 12 njonths ¢ombined posiiion is as follows.. Net movement in funds At 31.7.25 At 1.8.23 Unrestri¢itd fund$ Genetal futhj 96.917 2.643.238 2.740.155 TOTAL FUNDS 96,917 2,643.238 2.740,155 Page 19 ¢ontinued_.
SUSTAINABILITY. HEALTH. Ef4VIRONMENT. DEVELOPMENT. (SHED) NOTES TO THE FINANCIAL STATEMENTS- contilld FOR THE YEARENDED 31 JULY 2025 13. MOVEMENT IN FUNDS- ¢•rttittutd A Curreni year 12 months and prior year 12 months combirted nei nM)vement IA fiJnd& Éiicluded in the above are as follows-. Incomin8 Tesources Resources expeE)ded Movement in fvnds Unrestritted funds General fund 9,396J83 {6,753.145) 2.643.238 TOTAL FUNDS 2 643 238 14. RELATED PARTY DISCLOSURES TheT¢ w¢r¢ no relo*d pany trawrions for the year eDded 31 July 2025. Page 20
SUSTAIPIABILITY. HEALTH. ENVIRONMENT. DEVELOPMEPIT. (SHED) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEDJI JULY 2025 2025 2024 INCOME AND ENDOWMENTS Donxti•n$ and leg¢ies Donations 2.700.0ty) 6,545,0 lllvestmtnt In£ome Deposil account interest 6.9511 7.051 Charitsble aetivlties Grant$ 137.382 Total IDcomAng resourtes 2J44J32 6,552,051 EXPENDITURE Charitable activities Curatorial aod Fa¢ilitated pro8ramme$ Partnership Building Radical Research Fund Supporting Ernerg¢nce and Piloi kh¢mc5 2SI.940 437,371 1.428.950 129.0(K) 862.000 1.267.5(Kl 1.101,5(Kl 3.007,761 3,360,000 S•pport costs Mao#¢m¢nt Waxes Social security Pcnsions Insuran¢¢ Telephone Postsg¢ and stationery Travel Hotels & m¢¢¢ings ProfessLonal fees Subscription5 Computer and sofhvare expenses Sundrie5 Bank Char8¢S 119,083 7,458 7J82 2.566 477 183 14.475 2S,903 I I 1,0 6.552 7,002 1.396 984 1,416 19.368 37.857 1.782 591 .026 350 227 992 3,174 899 241 182J33 196,551 Governance co515 Auditors, remuneration This page do¢s nol fwm part of the statUry financial statements Page21
SUSTAINABILITY. HEALTH. ENVIRONMEf4T. DEVELOPMENT. (SHED) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 21125 2025 2024 T(ptal r¢sourv$ expeoded J J93 594 3 559 551 Net lexpendi¢ureyin¢owe 349 2621 2 992 500 This page does llOL forni part of the sthwtory financial 5ts1ements Page 22