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2022-06-30-accounts

FINAL STRAW FOUNDATION REGISTERED CHARITY NUMBER: 1191500

Report of the Trustees and Unaudited Financial Statements For the period ending 30[th] June 2022

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 2

Table of Contents

Table of Contents ............................................................................................... 2 Reference and Administrative Details ....................................................................... 3 Registered Charity Number ............................................................................. 3 Registered Office ......................................................................................... 3 Trustees .................................................................................................... 3 Independent Examiner ................................................................................... 3 Bankers ..................................................................................................... 3 Commencement of Activities ................................................................................. 3 Structure, Governance and Management ................................................................... 4 Type of governing document ........................................................................... 4 How is the charity constituted? ........................................................................ 4 Trustee selection methods .............................................................................. 4 Policies and procedures adopted for the induction and training of trustees .................. 4 Objectives and Activities ...................................................................................... 5 Summary of the purposes of the charity ............................................................. 5 Summary of the main activities ........................................................................ 5 Statement by Trustees regarding guidance on public benefit ................................... 6 Contribution made by volunteers ...................................................................... 6 Achievements and Performance .............................................................................. 6 Summary of the main achievements of the charity ................................................ 6 Financial Review ................................................................................................ 8 Review of the charity’s financial position at the end of the period ............................ 8 Statement explaining the policy for holding reserves stating why they are held ............ 8 Amount of reserves held ................................................................................ 8 Explanation of any uncertainties about the charity continuing as a going concern .......... 8 The charity’s principal sources of funds ............................................................. 9 A description of the principal risks facing the charity ............................................. 9 Declaration of Payment to a Trustee for Services .................................................. 9 Declarations ..................................................................................................... 10

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 3

Trustees’ Annual Report for the period from 1[st] July 2021 to 30[th] June 2022

The trustees of the charity present their report with the financial statements of the charity for the period ended 30[th] June 2022.

Reference and Administrative Details

Registered Charity Number

1191500

Registered Office

36 Oak Tree Drive Emsworth Hampshire PO10 7UE

Trustees

Mr T. Babb Mrs W. Bessant Appointed 10.02.2022 Mr T.G. Handley Appointed 10.02.2022 Mr P.M. Hawkins Mr I.S. Jubb Mrs R. Butterfield Resigned March 2022

Independent Examiner

Accountart 5 St Thomas Ave Hayling Island Hampshire PO11 0ET

Bankers

The Cooperative Bank P.O. Box 101 1 Balloon Street Manchester M60 4EP

Commencement of Activities

The CIO formally commenced activities on 28[th] September 2020 following the gift of total fund balances of £2,099.64 from the Final Straw Solent CIC (Company number 11393298), whose activities this entity continues. It is governed by a Constitution, having been amended by special resolution by the Trustees registered at Companies House on 28[th] September 2020.

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 4

Structure, Governance and Management

Type of governing document

The charity is governed by a Constitution based on a Charity Commission model constitution for a Charitable Incorporated Organisation (CIO).

How is the charity constituted?

The charity is a Charitable Incorporated Organisation (CIO).

Trustee selection methods

Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. New trustees are selected based on the skills and experience required to complement the existing board of trustees for the effective administration of the CIO.

New Trustees will be selected either through a direct approach by existing Trustees for specific skillsets, or by advertising the role on appropriate websites and/or press.

Policies and procedures adopted for the induction and training of trustees

New trustees meet with existing trustees and key members of staff to ensure that they feel comfortable with the organisation and happy to become part of the team.

The charity trustees will make available to each new charity trustee, on or before his or her first appointment a copy of the current version of the current constitution and a copy of the CIO's Latest Trustees' Annual Report and statement of accounts.

Trustees are also directed to useful information on their duties and responsibilities through the Charity Commission website.

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 5

Objectives and Activities

Summary of the purposes of the charity as set out in its governing document

To promote for the public benefit, the conservation, protection and improvement of the physical and natural environment, in particular but not exclusively by:

Summary of the main activities in relation to those purposes for the public benefit

  1. Create innovative projects at individual, community, commercial and wider societal levels. These will range from art installations to accreditation schemes.

These will help to engage the public and businesses to consider how they can make simple changes to reduce their single- use plastic ‘footprint’, particularly focussing on items that are not totally necessary. A reduction in use of these items will naturally lead to less single-use plastic entering our environment, damaging wildlife and potentially human health. Key activities in this period included rolling out the charity’s Borrow Bag scheme to more areas, ensuring the Big Fish Sculptures were used effectively and seeing the continued success and interest in the Drain Art Scheme.

  1. Use our existing base of schools to continue to work with students to highlight our agenda and reach out through councils and networks to engage new schools and educational groups. Create new educational materials that align to the National Curriculum and are easy for schools to access through links with schools and teachers and our outreach team.

Education is key to helping students to understand the impact of single-use plastic on the environment so that we can start to reduce it. This includes encouraging students not to litter and to foster a sense of ownership of our fragile marine and natural environments. Over this accounting period, the charity worked with nearly 60 schools in the local area, reaching over 6,000 students. The charity took on two new part time educational outreach staff over the accounting period.

  1. Run regular clean-up events and ensure a sound volunteer programme that encourages and supports volunteers through events and digital sign-up options.

Volunteers are vital to helping clean up our local coastlines and countryside. The charity aims to continue to grow the volunteer base to help on beach cleans and public space clean-ups. These organised events also help bring communities together and can help with improving mental health through the positive effects of exercise and being outdoors, and meeting new, like-minded people. With the help of dedicated volunteers, the charity picked up over 3,400 kgs of rubbish over 43 clean-up events from Solent shores and public spaces, helped by over 1,400 volunteers.

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 6

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit

The trustees have had regard to and complied with the Charity Commission’s guidance on public benefit.

Contribution made by volunteers

The charity is always grateful to its passionate and dedicated volunteers. Over 1,500 volunteers helped the charity to carry out its activities in the period to the end of June 2022. This includes volunteers who helped on beach cleans, sewing reusable bags, making bug and bird houses and more.

Achievements and Performance

Summary of the main achievements of the charity

The activities of the charity were again impacted over the financial period due to Covid19, particularly in relation to going into schools at the start of the academic year.

Educational Outreach

The Final Straw Foundation reached over 6,100 students at 59 schools from early years to key stage 4 through assemblies and talks over the financial period of this report. The charity took on two educational outreach staff over the accounting period, both on a part time basis.

The charity ran 33 Eco Clubs reaching 110 primary-aged students. The club teaches the children about different environmental themes each week, ranging from climate change to plastic pollution to learning about the wildlife on our doorsteps. These clubs are a mix of termly sessions and one-off holiday sessions.

This accounting period also saw the charity start up new beach school programme. This is aimed specifically at primary schools with high levels of students who receive free school meals and are on ‘pupil premium’. The programme aims to offer a day of learning on the beach, out of the normal school environment, to encourage students to connect more with nature. By the end of June 2022, a pilot session had been completed and another 4 schools were booked in for July. The pilot was very well received and some students who reportedly sometimes struggled to engage in a classroom reported thorough enjoying the session. The scheme will continue to be rolled out to more schools over the coming academic year.

The charity also continued to work with Duke of Edinburgh students. Six D of E volunteers carried out beach and countryside clean-ups, sewed fabric bags and helped with social media content.

Community Engagement Programme

Clean-ups

Over the period spanning 1[st] July 2021 to the 30[th] June 2022, we ran 43 beach cleans. We were joined by 1,406 fantastic volunteers, some regularly, and picked up 3,443 kilograms of waste from beaches and countryside in our area of operations. This brings our total kgs collected by the organisation since it first started to an astonishing 38,790 kgs, over the equivalent weight of a large humpback whale.

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 7

Big Fish Sculptures

The charity was pleased to see the continued success of its existing big fish sculptures, in addition to the installation of a new one in Lancing. There are now 4 of these large sculptures along the charity’s coastal area of operations. These are used to collect singleuse plastic bottles and aluminium cans that would otherwise end up littered or in the – general waste stream rather than being recycled. Three of the sculptures remain in place Lancing and Portsmouth, with a Bournemouth and Poole sculpture limited to moving around that area. The final sculpture, Nellie, is mobile and moves around the area. Over this final period it visited Southsea, Southampton, Hayling Island, Portsmouth, Westbourne and Chichester. It will have been seen by and engaged thousands of members of the public, highlighting the issue of plastic pollution and encouraging people to make sustainable choices to avoid single-use plastic.

Working with Businesses

The Final Straw Foundation continued to work with businesses wherever possible over the course of the period. The charity launched an accreditation scheme for marine businesses, clubs and centres together with The Green Blue at the Southampton Boat Show, the environmental arm of the RYA. This helps to guide and encourage the organisations to reduce their single-use plastic consumption, and put in place environmental officers and processes to take positive steps to being more environmentally sustainable. By the end of the accounting period, over 40 organisations had signed up to the scheme, with several achieving their bronze level accreditation.

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 8

Financial Review

Review of the charity’s financial position at the end of the period

At the end of the financial period, the charity held funds of £63,409, of which £51,041 were restricted funds set aside for ongoing and upcoming projects, and £12,368 were unrestricted funds.

Statement explaining the policy for holding reserves stating why they are held

The charity aims to hold total reserves of unrestricted funds to protect the charity against drops in income or allow it to take advantage of new opportunities. The reserves include two key components.

Firstly, a Restructuring Fund of £16,000. This fund would be used to cover essential activities whilst sourcing income to a maximum of 3 months budgeted activity, with 2 staff members.

Secondly, a Dissolution Fund of £19,000, which would provide for the costs of dissolution should the charity be unable to continue. It is only to be used in the event of the Trustees' deciding the charity should cease to exist. It will be used to pay notice periods, redundancies and the expenses of running the Final Straw Foundation until closure of the organisation.

The minimum reserves required are the Restructuring Fund plus the Dissolution Fund. These are to be used to ensure we look at every alternative before dissolution of the charity. The Trustees wish to maintain and enhance the size of the unrestricted funds over time appropriately to the growth of the charity in staffing and activities. The reserves held at the end of the reporting period were lower than the charity would like, however it is anticipated that in coming years this will improve and reach the preferred amount.

Amount of reserves held

At the end of the reporting period, the charity held £12,368 in unrestricted reserves, below the amount aimed to be held. The charity leadership is confident that this will increase as the charity matures, aiming to reach the minimum reserves by the end of the the 2024 financial year.

Explanation of any uncertainties about the charity continuing as a going concern

The Trustees do not anticipate any uncertainties about the continuance of the charity as a going concern. The charity is growing and receiving more recognition and funding from a wider range of sources, and the key threats to the charity are being managed effectively by the core team and Trustees.

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

Report of the Trustees and audited Financial Statements For the period ending 30[th] June 2022 Page 9

The charity’s principal sources of funds

Unrestricted funds

During the reporting period, the charity received £30,000 in core funding from the National Lottery Community Fund, as part of a five-year grant programme. The charity also received £10,000 from the Fatface Foundation. Additional smaller unrestricted grants and funding included donations from Marine Resources, Hat Trick Productions, BDW Trading Ltd and various school fundraising activities as well as online giving sites such as JustGiving.

Restricted funds

The charity was awarded the following restricted grants during the reporting period.

£39,924 of this funding was spent within the financial year, with the rest carried over to reflect the funding period of each grant for subsequent months for ongoing projects, – falling into the next financial period (2022 2023).

A description of the principal risks facing the charity

  1. Lack of financial surety. We need to ensure that we secure enough funding through grants and donations to continue to run our core activities. We will do this through researching and applying for funding from appropriate funding bodies, and encouraging public donor support.

  2. Uncertainty due to pandemic. We need to make sure that the charity is robust enough in terms of funding and staffing to weather any more storms brought by Covid- 19 or other unexpected events. We will ensure that we do not ‘over - staff’ and will keep a close eye on costs. We have already successfully managed to withstand Covid uncertainty through close management of funds and moving much of our work online when required.

  3. Mismanagement: We will ensure that staff and volunteers receive appropriate training for their roles and that we use the appropriate external consultants to run the charity effectively.

Declaration of Payment to a Trustee for Services

The Final Straw Foundation did not pay any trustees for services in this financial period.

Registered Address: Final Straw Foundation CIO, 36 Oak Tree Drive, Emsworth, Hants, PO10 7UJ, United Kingdom Final Straw Foundation. Registered Charity Number: 1191500

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FINAL STRAW FOUNDATION CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 JUNE 2022

Notes
Incoming resources
Incoming resources from generated funds:
Legacies and donations
Investment income (2018-2020)
Incoming resources from charitable activities:
Donations
Other operating income
Total incoming resources
Resources expended
Costs of generating voluntary income
Charitable activities:
Public beach cleans, educational and
3
community outreach programme
Governance costs
Total resources expended
Net incoming resources before transfers
Net movement in funds for the year
Total funds at 1 July 2021
Total funds at 30 June 2022		 2022
£
Restricted
Funds
-
-
61,183
-
61,183
-
39,924
-
39,924
21,259
21,259
16,638
37,897		 2022
£
Designated
Funds
-
-
-
-
-
-
-
-
-
-
-
-
-		 2022
£
Unrestricted
Funds
-
-
58,051
1,438
59,489
51,238
850
52,088
7,401
7,401
18,111
25,512		 2022
£
Total
Funds
-
-
119,234
1,438
120,672
-
-
91,162
850
92,012
28,660
28,660
34,749
63,409		 2021
£
-
-
48,940
5,302
54,242
93
18,380
1,020
19,493
34,749
34,749
-
34,749

All recognised gains and losses are reflected through the Statement of Financial Activities, and therefore no separate Statement of Total Recognised Gains and Losses is disclosed.

1

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FINAL STRAW FOUNDATION CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

1 Principal accounting policies

Basis of accounting

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Statement of Recommended Practice (FRS 102), Accounting by Charities issued in January 2019 .

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the Independant Examiners fees and costs linked to the strategic management of the charity.

Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of VAT.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Fixtures, fittings and equipment 10% reducing balance

Pensions

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

3

FINAL STRAW FOUNDATION CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

2
Resources expended
2022
2022
2022
Restricted
Designated
Unrestricted
Funds
Funds
Funds
£
£
£
Costs of generating income
Eco club costs
-
-
-
-
-
-
3
Costs of providing public beach cleans, educational and community outreach programme
Transport to beach cleans and other purchases
-
-
825
Purchases
2,976
Insurance
-
-
303
Clothing and uniform
-
-
-
Miscellaneous
-
-
103
Wages, salaries and staff training
34,316
-
39,249
Beach school
2,349
-
-
Eco club
1,173
-
-
Staff training
2,087
-
-
Administration expenses
-
-
675
Printing, postage and stationery
-
-
-
Pensions
-
-
273
Employers NIC
-
-
1,635
Subscriptions
-
-
246
Stripe/paypal fees
-
-
49
General admin - Software
-
-
1,530
Depreciation
-
-
1,183
39,925
-
51,238
4
Governance costs
Accountancy
-
-
850
-
-
850		 2022
Total
Funds
£
-
-
825
2,976
303
-
103
73,565
2,349
1,173
2,087
675
-
273
1,635
246
49
1,530
1,183
91,163
850
850		 2021
Total
Funds
£
-
-
6,416
-
409
405
214
8,996
-
-
-
72
95
-
-
166
63
230
1,314
18,380
1,020
1,020

4

FINAL STRAW FOUNDATION CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

5
Staff costs
2022
2022
2022
Restricted
Designated
Unrestricted
Funds
Funds
Funds
£
£
£
Salaries and wages
34,316
-
39,249
34,316
-
39,249
The average monthly number of employees during the year was as follows:
Admin staff
No employees received remuneration amounting to more than £60,000 in either year.
6
Net incoming resources
2022
2022
2022
Restricted
Designated
Unrestricted
Funds
Funds
Funds
£
£
£
This is stated after charging:
Depreciation of owned fixed assets
-
-
1,183
7
Tangible fixed assets
Cost/valuation
Cost or valuation
At end of year
Depreciation
At beginning of year
Charge for the year
At end of year
Net book value
At 30 June 2022
At 30 June 2021		 2022
Total
Funds
£
73,565
73,565
2022
4
2022
Total
Funds
£
1,183		 2021
Total
Funds
£
8,996
8,996
2021
2
2021
Total
Funds
£
1,314
Plant and
machinery
£
13,144
13,144
1,314
1,183
2,497
10,647
11,830

5

FINAL STRAW FOUNDATION CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

8
Debtors
Trade debtors
9
Bank balances
Current accounts
Savings accounts
Petty cash
10
Creditors: amounts falling due within one year
Other creditors		 2022
£
205
53,578
-
-
53,578
2022
£
1,021		 2021
£
-
33,084
-
-
33,084
2021
£
10,165

6

FINAL STRAW FOUNDATION CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

11
Creditors: amounts falling due after one year
Other creditors
12
Statement of funds
Brought
Forward
£
Unrestricted funds
General funds
18,111
Prior period adjustment
-
Total general funds as restated
18,111
Designated funds
Sinking fund
Restricted funds
Fish scuptures, staff costs and composting
16,638
16,638
34,749
Designated funds
There are currently no designated funds.
13
Analysis of net assets between funds
2022
Restricted
Funds
£
Intangible assets
-
Current assets
37,897
Creditors due in one year
-
At end of year
£51,041		 Incoming
Resources
£
59,489
-
59,489
-
61,183
61,183
120,672
2022
Designated
Funds
£
-
-
-
-		 2022
£
-
Resources
Expended
£
(52,088)
-
(52,088)
-
(39,924)
(39,924)
(92,012)
2022
Unrestricted
Funds
£
-
15,886
(1,021)
12,368		 Transfers and/
or revaluations
£
-
-
-
-
-
-
-
2022
Total
Funds
£
-
53,783
(1,021)
63,409		 2021
£
(31,189)
Carried
Forward
£
25,512
-
25,512
-
37,897
37,897
63,409
2021
Total
Funds
£
-
33,084
(10,165)
34,749

7

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

FINAL STRAW FOUNDATION CIO

I report on the accounts of the Charity for the year ended 30 June 2022, which are set out on pages 1 To 7.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met; or

V J Rogers

Chartered Certified Accountant

AccountArt

5 St Thomas Avenue Hayling Island Hampshire PO11 0ET

Date:

8