REGISTERED CO,MPANY NI MBER: 11668136 (England and WAles) REGISTERED CHARITY NLN1BER: 11860 REPORTOFTHE TRUSTEES A￿D UNAUDITED FIjA￿ClAL STATEIIESTS FOR THE YEAR ENDED 31.MARCH 2024 FOR LTHWOOD FOUNDATIO ChaTiOt Hou5¢ 1.imÉied 44 Grand Parade Brighton Ea& S￿$SeX SOUTHWOOD FOUThDATIO COYTF.fiTS OF THE FINANCIAL ST,ITEIIEIITS FOR THE YEAR ENDED31.IIARCH 2024 Report of the Tru$tefs I to i Indtp¢Dd¢D¢ Examltter's Report Statement of FinaneiAI A¢tiiities BalAn¢e Sheet ote5 to the Financial Staternents L'THWOOD FOUNDATION REGISTERED YLTMBER= 11668136 REPORT OF THE TRLSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 who are a150 diT￿torS of the charity for the purposes of the Companies Act 2006. pr￿nt their rcp)rt ￿1th the financial 5tatemcnts of the charity for the year ended 31 March 2024. The In￿¢¢& have adopted the provtsions of Acu)unting and Rqy)rting by Chariti¢s= Siaiemeni of Recommended Practice applicable ¢0 charities prcparing their accounts in accordance with the FiTwicial Rcporting Stsndard applicable in the LK R¢publi¢ of Ircland {FRS 1021 (effective l January 20191. OWECTIVES AND ACTIVITIES Objeeiive$ *nd airns The objects of the charity a￿. 1.1 To ptomote for the benefit of thc public it) th¢ UniL¢d Kingdom of Great Britain and Northen) Ireland but not exclusively. the conservation. prote£tion and Improv¢TDent of the built environment and natUTa] enviroryment las defined ai article 1.31 in particular. but without prejudice to the genera]ity of the foregoing. by.. {}) promoting the adopti(xJ of S￿￿1n￿bIlity. 12) developing andlor promoting new approache& ttthnology. pr￿lUCt& behaviwrs and policies that SUPEX>rt sustainabiliiy,. 13) promoting go(xl pra¢ticc in gJ#ainability in fiJrtherart¢¢ of iJnprovcd and xcelcraid decaTI￿lSalion and working positively with nature and natural sy5ttms includins bui limited to. the preThtion of biodiver5ity.' 3nd (41 developing an￿Or promoting a better unde￿dIng of how naDJre and sy5tetn5 can be emulat￿( andlor applied in the built enYironm¢nt including. but not limiid to, biomimicry l&$ alxTr def￿¢4 4t artkclc 1.3): 1.2 To adv2nce ihc &lucation of the public in the conservati(ffi. protection and improvement of the built environm￿1 artd natura] environmen¢. 1.3 In this article= uilt environment. means places and spaces created or M￿JIf1¢d by people intludin& but not limited to, building public realm. irdnsporlaiion sy5t¢ms. ¢nergy and watcr systems and W￿uCtion Sy￿ems,. 'natural cnvironm¢nt' tne4t)s all living and non-livtng things (Xcu￿ing naturally includin& but not limited to, living sp￿les. climate. weathrr and naiural resourc¢s: aT iotnimicry, means th¢ d¢sign and rffryluaion of nHterials stntaures anc systems tha¢ are n](yJelled on biologi& ¢ntiti¢s and Processes Significattt attivilies Z022-23 Our principle objtttiv&s are io addre&s the nature and climaie em•Eencie5b): - forging Gonnecti￿5 that ¢n5ure ihai pcopl¢ and can thrive logeth￿. - promthin8 climaie change mitigation and ad4iiTr). The Southwo12023.. £20.(KX)l. After expenditure of £28.32812023.. £31.7901, th¢re was a Surplus carried forward of £21,712120-3.. £10.0101. STRLCTLRE, GOVE]LYANCE AND MANAGEMENT Governing doctsmertt The Gharity is conLTolle41 by its governirlg diKumcnL a deed of truK and cotkstitutes a limited company. litnited by guarantee, as defined by the Charitio Act 2006. The Southw(xyJ Found*1(￿ ITSF) ex1￿5 to promoie int)ovation and action on carixm Tcduction and restoration of nature, through promoting collaiM)ration. sharing it)llOV2[i￿ and knowledEe, and building conneeiion. The Foundation's Directors are partirularly driven to brtak through Prolessional Silos iN)th wsthin and across acaderni4 practitioners (con￿11￿n￿l. tegul8Lors and policy makers 8nd f¥i15tate joitled up thirtkirtg to deliver the meanirtgful change we need for a su51aiTthle fvture. TSF was establish￿ &s an open platforni deploying eKp¢rtise to enable go(Kl idras io be shared and implemented as widely &$ p)ssible. Trustee5 The Trust¢c Bodrd has bcert stable oyw this pcrithl after the arrival of Michelle Roffe and Ben Ha￿]5 at the turn of 2023. giving the Board greaier resilicnce and cycity. The ￿¢W Truslees were given a full induction and roles were allocated a¢ross the Bi>ard to cover each of the atras of TSF activity. The TSF Board of Tntstees rnet 3 limes during the 2023- 2024 period and held 3 stsxL¢gy %&sions tn additityl. Page 3 SOLTHWOOD FOUNDATI REGISTERED.NUMBER: 116681J6 RLPORT OF TIIE TRLSTEES FOR THE YEAR E.NDED 31 NIARCH 2024 STRLCTURE.GOVEILIA%CE AID MAP*ACEMEINT All the Fouttdation tTUSt¢e5 have extensive experia)ce in th¢ environme￿t and sustsÉnability 5e¢tors: Mark Southwood- Foullder Mark ha5 ovcr 40 yfars, ¢xp¢ri¢n¢e in the cnvironmaltal field and rclatd areas including ALStainability and planning. He has devel(yed environmental txjlicy and straw fw many in the private and ￿bliC sectOT5 and has led and reviewed numcrous r¢%aTch projects and progrdmmes. He has served r)n a range of Profession2E aod EurDpean Commiiiees. MaTk founded Tetnple in 1997 and has also worked as a Dirertor of SECBE (South East Construction Built Environmentl121MM-2019). NERC INaiural Envirotiment Research Council) {2015-2018} - It)novation Advisory Board and was on the Ceequal Board ICIRIA)12011-20151. John Tuttyttskl John is a Chartered Civil and Struttural Enginttr ha5 been a TSF tnL#ee since 2018. He w&8 a Director * Anjp focusing on large infr&structwe projccts 2nd programmes in the LK and globally. Nl¢k t￿MI￿ Nick i5 a chartered architect with 4(F yeaJs of experience at a wiior lel'el in the buili cnv2ronment sector. Having developed a broad portfolio of work wth his practice LCE architects, foundtsl 30 year5 ago, he has lo r￿0￿15¢ that most ecological and social impacts are locked in ￿ the design phase. As a MIL he has set vp a new prddic¢. LO￿￿ Design. cornmitt￿ to affect change in the desagn prwess and io promote the true values of collaborasio ommunity and legacy to suggest solutions for the probl¢m5 that humanity face5 today. Michelle Roffe Michelle has more than 20 yfdrs, expericllce of leadcr5hip role5 and 15 curreTLtly re5rKmsible for the national Lottery Heritage Fund's want wving activity in London and the South-Ea&. Ai the National Lottery Heritage Fun¢1 the largest grant funder of the L.K's heritage, She lead5 a ta]entcd and committed team to distTibute oycr £90m tach year and oversee more than 700 herithge projecLs bcing delivered b). charitable organisations of all sizes. Michelle passionately believes that by bringing talented people kngether to ¢O113bts￿¢ and Innov￿£ we can ts¢kle even the tough challengcs and threats to our biodiv¢r5ity a#d n*utai ¢nvi¥ortment. Ben Harri5 Ben is an experienced senior tnanager and strategy advisor 9)e¢ia]i&ng in sumainable development and climate change. He has spen¢ nearly 20 years leading ieams advising on the integrati￿ of sustainability inio different parts of the rconorny, including senior roles in consultancy such a5 UK Clitnal¢ Change & Susioirtability Director for Built Ertvironmeni Consllltancy Arcadis and the public secior *s Head of Straiegic Funding for th¢ European Com]ni**iOrt funded, EIT Clim21e-KIC. He brings a combination of cotJUTkerrial. leadershsp and te£hrtical expthisc. Ben is currently an indepcndent advisor, working ￿'1th QTWiSations io promote ihe irdnsiiion io suAainable developrncnt whi15t going through his tranSLtion to ¢&3blish a small holding on a Wtlsh hillside. Foundation Advisor Gary Kass conlinucd in his capacity as a F￿ndatIOn AdNTr50r. Gary has Tflore than 30 years. experience a knowledge broker 2nd adVi￿r in the public. pri%'ate and profcssional sectors including his mle as Visiiing Professor at the Univ¢rsi¢y of Sllrrey. fonnerly Deputy Chief Scientist in Natural England and various role5 in Defra. He specia]ises in sysiems Ihinking. innovation. evaluation, foresighi and futures analysis. applied in ihe dev¢lopTnent of environmenl and susuinabiliiy str￿¢gI¢s. He focu&%es in particular on knO￿ledge 5y5t¢Tn4 underpinning coMpet￿et5 and capacity for 5U%tainability and global megatrcnd& Oper4tiott$ The Board of Trustees are wjpported by Caroline Croft {Operdiions ma[￿er} and Sarah Dennis (Senior Admini*raiorl. P￿e4 SOUTHWOOD F DATIOY REGISTERED NLMBER: 11668136 BALAICE SIIELT 31 MARCFI 2024 2024 Totsj fill)ds 2023 Total fimds L'nTrstriaed Remriaed ClRR￿￿T ASSETS Cash ai bank 252W 30.299 12,715 CREDITORS Amounts falling due within onc year (3,587) (3.587) {2.6751 1¥4ET CURRENT ASSETS 21.712 26.712 10.040 TOTAL ASSETS LESS CURREWT LIABILITIES 21.712 26.712 10.040 NET ASSETS 21.712 26.712 FUNDS Unrestricted funds Rc5trict¢d funds 21,712 10.040 TOTAL FLYDS 26.712 10.040 The charitable rompany is entitled io exemption from alklit under S￿lI0n 4T of the CoTnpanies Act 2006 for thc year end￿ 31 March 2024. The members have not Tequirtd the wmpany to obtain an awjit of its fjnanoal statcmcnis for th¢ year ended 31 March 2024 in aeeordanc¢ with Stttion 476 of the Companies Act 2006. The acknowl￿ge their re5ponsibilitiw for (al ensuring that thc charitable company keeps a¢counting reeords that Comply with Sectims 386 3nd 387 of the Companies Act 2(M)6 and prepaTin8 finan¢ial Matements which giye a true and fair view of the s￿e of atTairs of the charitable co￿panY as at the end of each flnaneial year and of ils Surplus or deficit for tsch f￿anCIal year in accordance with the requirements of SectiOll5 394 and 395 and which otherwise comply with the rtyuirements of the Companits Act 2(MK> relating to financial statemenls so far as applirable to the C1￿11￿ble compatty. (b) These financial statements have bttn prep2r&l in accord￿ with the proi'isions applicable to charit3bl¢ Companies subjw¢ io the small companies Tcgirne. ements wcre approved by the Board of Tn￿ and authorised for iwe on . and were signed on its beha]f by.. (x>d. Tn￿ce The form pan of these financial *alem￿ts Pa8¢ 8 SOUTHWOOD FOUNDATIO sTATE.￿IEYT OF FINANCIAL ACTIIFITIES FOR THE YEAR EfiDED 31 IIARCH 2024 2024 Tota] funds 2023 Total funds Lnrestrirfed Restrided fund fund I)CO.ML AYD INDOWMEfiTS FRO.M Donations and le8acies 40.(KK) 5.0 EXPEIDITURE ON Charitable AttiTrities Charitable actiN'iiie5 28.328 28.328 31.790 YET INCOIMEIIEXP&YDITLRE) I 1.672 16.672 {11.790) RECONCILIATION OF FLNDS Tot31 funds brought Ionv3rd 10.040 10.040 21.830 TOTAL FL￿Ds CARRIED FORWARD 21.712 5,0(Nl 26.712 The notts forni part of these financial statem￿t5 Page 7 IryDEPENDEYT EXA.MIYER'S ODTHWOOD FOLIDATIO) EPORT TO THE TRUSTEES OF Independent exY4mÉnees report to thè trnslt¢s of Southwwd Foundation I'the Compgny I report to the charity tn￿tts on my examin&ion of the a¢cwits of the CoTnpany for the year endal 31 March 2024. Ite5poDsibilities *nd bLqis of report As the charity's tru5ttts of the Company (and also its directors for the Purp)￿ of company lawl you are respon*blr for the prepar2tion of the ac¢ount5 in accorthce with the requirements of the Companies Act 2(K)6 (Ihe 2006 Actj. Having sat15fied myself thai the aecounis of the Comparty ort not required t() k audited under Pan 16 of the 2006 A¢1 and are eligible for independent exatninati4)n. I report in Testtti ofmy examin4tion of your charity's accounts &% carried oul under Section 145 of the Charities Att 2011 Ctht 2011 Acr). In carrying out my examination I have followed the Directi0rt5 given by the Charity Commission under S¢¢¢ion 145151 (bl of the ?01 l Act. Indepelldent tx*minee5 Statement I have comple￿1 my exarnination. I confjm that t)0 mauews have come to rny attentiotl in o)nnc¢tion with the cxamination giving me c4use LO believe= a¢cotsnLing i¢¢ords were noi kept in respttt of th¢ Compamy as required by Sectlon 386 of th¢ 2(KJ6 Aet,. or the accounts do not aecord with th05¢ rwords: or the accounts do not cornply wilh the accounting r4uir¢rncnts of Section 396 of the 2(K)6 Act other than any requiremeni that the accounts give a true and fair view which i% not a matter eonsideJed as part of an indq)¢ndent examinatiorn or the accounts have not b￿n prepared in accordkrt(% ￿1th the mfflh(xls and prin¢ipl¢s tsf the Statement of Recommende41 Prartice for ac£¢Junlitl8 and rewjrttng by charitiQ% lapplic4ble to tharitie5 preparing their accounts in a¢¢ordanre with the Financia] Rewiing Standard appl..cable in the UK and Republic of Ire12nd IFRS 102)). I have no concerns and have come aeross no other matters in CoT￿t￿lOn with the tsamillation to which attention should be drawn in thi5 rcport in ¢)rd¢r to enable a prO￿r undustattdirtg of th¢ accounts ￿ be reathtsL *L_ J_ DT Shona F Wardrop C.A. The Institutc of Chartered AccoLLnthTkts of Scod8ThJ Chariot House Limited Chanered A¢¢ountants 44 Grand PaTadc Brighton East Sus5¢X BN2 9QA Date- ...... Pagc 6 SOUTHWOOD FOL'SDATIO) RECISTERED NLMBER: 11 REPORT OF'I'Hk'I'kbS'rTr-Ls FOR THE YEAR ENDKD 31 %1.4RCH 2024 STRL'CTURE, GOVEIi%ANCE AND MAINACEME)4T Induction and training of new trustee5 The Southw(K>d Foundation tnIste￿, induaion was delivered by the TSF founder. Mark southw￿1. who was id¢ally placed to provide injstees wilh his wision for the foundation's putp)&< fin3nr¢5 and roles whieh they then helped to shape. Led by .Mark Southw(M)d the try.4tees were responsible from the oulsd for overseeing Its le821 establithTnenL govemance and strategic dirttiion. The tyustees have gone through a IraTning prLKtsS a5 the foundation has develiyed from those early $thg￿ of e￿abliShment inLO an orgartisation with 2 public face it*terading with the wider community to swt io deliver on its core putpose of promoting Su￿ainabl]llY and greater joined up thinktngleollabtsr*iort. REFERENCE AND AD,TrIIP*lSTRATIVE DETAILS R4i5tered Compgllv nurnber 11668136 {Engl2nd and Wale51 Regl$tered Ch#rity number 1186090 Registered office Unil 6, Basepoint John De Mtcrre House 20 Bridge Road Haywards Heath West Sussex RH16 ILA Trustees H Lomax R M L Southworxl J G Tllrwski B J Harris M Roffe Independent Examiner Dr Shona F Wardrop C.A. Chariot House Limited Chartered Accountan 44 Grand Parade Brighton East 5u5sex BN2 9QA Bankers C￿perative Bank PO Box 250 Dell House Souihway Skelmersdale and sÉgnd ￿ its behalf by: . Southwoo Stee Page 5 SOL'THWOOD FOUNDATIO NOTES TO THE FINA)CIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2024 ACCOUNTif*G POLICIES Basis of preparing the tln*Qtl￿ JtAtements The financia] 5tat¢mrnts of the chariiable company. which 15 a publi¢ b￿crit entity under FRS 102. have bet7L prepar￿ in a¢¢ordan¢e with the Charirics SORP {FRS 102) 'A¢counting and Reporting by Chariiies.. Stsiement of R¢cornTnthded Practice applicable io eharities PTeparing their accounts in accordance with the Financial Rep)ning Standard applicable in the LK and Republic of Ireland IFRS 1021 (effective l January 2019),. Financial Reporting StaDdard 102 Th¢ Financia] Reporting Siandard applscable in th¢ UK and Republic of Ireland. and the CoTnpanies Att 21Xkn. The financial statern￿ts have beet) preparnl under the historica] co# convention with the exception of investtnents. whi¢h are included & mdrka value. Th¢ ac¢ount5 are prepared in stedin8. which is the functiona] curThcy of the c]Jarity. Monetsry amOL￿￿ in these financial 5t&eTnents are romded to the neare￿ £. At the lim¢ of approvin8 the fjnancial ststcmcnt& the trustces have a rca5(xthle ¢xp¢ctation that the charity h&$ adequate re50UT¢ts to cortlinut in owational cxisterKc fw the fOreS￿able future and on thot basis the ¢haTiiy is ¢onsidered to be &going concern. Intome All inwm¢ i5 r￿Qg￿l￿1 in the Statctncnl of Financial ActivÈties once the charity h&$ entitlcmrnt to the funds. it is probable ihat the incomt will be receiycd and the amountcan be mea5UTed reliably. Ixp¢ttdlture Li2biliiits are recognised as expenditure as s(M)n &s there is a legal or constnJ¢tive obligation ¢ommiiting the Ch￿lty to that ¢xpendiwre. li is probable that a trdnsfer of economic xnefiis will be required in settlement and the amount of the obligation can be M¢￿r￿ reliably. Expenditure is accounted for on an aecrua]5 basis and has bttn rla5sifitd wider headings that a8gre8ate all cosl rtlaled to the cate80ry. Whcre costs eannol be directly attributed to particular headings they have been all￿￿ted to acthviiies on a b￿"S consistent with th¢ use of re￿ur¢cS. Taxatio The Charity L5 considered to pass the Lests set ou¢ in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation l ax purp05e5. Accordingly the Charity is potentially exempt fTom tuation in respect of income or capital fd.ns received within categories covered by Chapter 3 Part I I Corporation Act 2010 or Section 256 of the l axaiion of Chargeable Gains Act 1992, 10 the extent thal such incomc or gwns are applÈed exclusively to ¢hoti¢Ot>lc purposes. Fynd accounting Unrestricted fund5 can b¢ used in xconlance the rharitabk obj¢ctiVC5 ￿ the discretion of the trust¢es. Restrieted funds can orEly be used for particular reskn¢ted pU￿Ose5 within the objects of the charity. Restrieiions arlse when 5pecifted by the dmor or when fund5 are rdis¢d for particular restritted puTwxs. Further explanation of the nat￿ and purp￿ of each fimd is includ¢ii in ihe notes to the financial statements. Pension toxts other post-retiremettt beth¢fits Thc chariiable COTnpan)' operates a defined tontrtbuti(n pension scheme. Contributions payable to the tharitable company's pension ￿herne are charged LO th¢ Sts*ment of FiThancial Aoiviii¢s in the PCTiod to which thty relate. Page 9 ¢oDtinued... SOLTHWOOD FOLNDATIO FIOTES TO THE FINANCIAL sTATE￿IENTs- continued OR THE YEAR ESDED 31 %IAR H 2024 NET INCOMEI{EXPENDITLRE) et incomellexpcnditurel is stated after ¢harginW{cre41iiingl.' 2024 2023 Indcpendenl examinaiion 1.980 TRUSTEES, REMLNEIL4TION BENEFITS There were no trus*cs' remuneration or for tht yC4r ¢[￿ed 31 Marth 2024 nor for th¢ year ended 31 MaTch 2023. Tru5ttts expenses 2024 2023 Trustees. expenses 215 STAFF COSTS 2024 2023 Wages and sa12ries Othtt penston costs 20.323 610 19,9( 597 20.501 The average monthly number of employecs durin8 the year was as follow$'. 2024 2023 Chariiablc athivities No cmployces reecived cmoluments in excess of£60.(KKI. Key management peT50nnel are considered to be the trusiets. none of whom re{ei￿* TemuneTa¢ion or other benefits. COMPARATIVES FOR THE STATEMENT OF Tr"IliA&CIAL ACTIVITIES Lnteskn¢teil fund Restr¢ted rllnd Total funds INCOME Af¥D E)DOWIIKYTS FROM Donations and legacies 20.(KKI 20.000 EXPENDITLRE O Ch¥ritabl¢ &rtiviti¢5 Charitable xtivities 31.790 31.7<)0 ET IICO.MEI(EXPEIDITLRE) (11,790) {11,7901 Page 10 continued... SOUTHWOOD FOLNDATIOY NO'fLs TO THL FIP*ANCIAL STATEMENTS-eoDtiDued FOR THE YEAR E.NDED 31 .MARCH 2024 COMPARATIVES FOR THE STATEMEN4T OF FINANCIAL A￿[vITIEs- ¢ontlnycd LTLrestriet¢d Restricted fimd Tota] fi￿(ts RECONCILIATION OF FLINDS Toial funds brought forward 21.830 2J.830 TOTAL FLNDS CARRtED FORWARD 10.040 io,(Mo CREDITORS: AMI OUNTS FALLI)G DLE WITHIN O%E YEAR 2024 2023 Trdde erediiors Social security al￿ other taxes (ther cre(h"iors Awrued expenses 562 180 133 189 1.598 MOVEMEThT IN FUNDS Net movement At 3113124 AL 114123 Lnrestrleted fuTrds General fund 10.( 11.672 21,7l2 Re5trieted funds The Chalk Cliff Tru 5,OC(I 5.000 TOTAL FUP4DS 10,040 16.672 26.712 Nrt movement in fvnds included the above are as follo*s: Inc¥Jming Resources re%)urL￿ ¢KpendoJ Movetnent in fvnds Unrestrlrfed General fund 40.(XXI (28.3281 11.672 Restrl¢ted funds The Chalk Cliff Tru S,0(x) TOTAL FUI%DS 45.0 28,328 Pagell conttnued... SOLTHWOOD FOLNDATIO )OTES TO THE FI.NAICIAL STATF.MENTS- Continued R THE YEAR EP4DED 31 MARCII 2024 MOVE.ME*T FLNDS-tontinued Comparatives for movement in funds Nd moverncnt in funds At 3 L13123 At 114122 Unrestricted fvnds General fund 21.830 (11.7￿) 10.040 TOTAL Fu￿Ds 21.830 11.790 10,040 Compardtive net movemcnt in fund& included in the above are follows: Incorning Resources re￿I￿re¢S expended Movement in funds Lnrestritted funds General fund 20.(LKI (31.PA)} 111.790) TOTAL FUNDS 20.(KKI 3 1.7901 11.790) The Chalk ClÉff Trusl has ￿ant￿l the organisaiion £5.IMKI to upgrade and improve inframcture due to the cxpansion of charitable activity. RELATED PARTY DISCLOSLRES Tcmple Group Managwncnt ITGMI Is a major funder of ￿ulhW0￿ Foundation and pmvidcs office space and related facilitie& One trustee is a direcior and Majori￿ %h8reholdcr and another is an cmployee of TGM. Neither TGM nor the individuals connecicd T￿¢1￿.¢ any 5CTViCth or benefits in ￿tUrn foT the dtsn3tion. Page 12