Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

Registered Charity Number: 1191500 

For the financial period from 1 July 2024 to 30 June 2025 



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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **Contents** 


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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 


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3<br>3<br>3<br>Statement of Financial Activities 4<br>Balance Sheet .. 6<br>Notes to the Financial Statements ..18<br>Detailed Statement of Financial Activities 26<br>Independent Examiner s Report . 28<br>**----- End of picture text -----**<br>


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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

ending 30 June 2025. Over the past year the charity has continued to grow its impact across the Solent region through community action, environmental education, citizen science and marine restoration. 

reporting period, 1,499 volunteers contributed more than 3,014 hours of their time to support beach cleans, environmental monitoring and educational activities. 

This year has also seen significant progress in our marine restoration work with the installation of 10,000 native oysters within the Solent. Native oysters play an important ecological role in improving water quality and supporting marine biodiversity. 

Education continues to be a cornerstone of our work. During the year the charity engaged 59 schools and reached 4,499 students through environmental education programmes. 

Looking ahead, the trustees are confident the charity is well positioned to expand its environmental impact through partnerships with communities, researchers and environmental organisations. 

Chair of Trustees 

Final Straw Foundation 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **Impact Summary at a glance (2024 2025)** 

Environmental Action 

3,183 kg of waste removed 

2,635 volunteers engaged 

Education & Youth Engagement 

- 9 schools supported 

499 students reached 

Citizen Science & Research 


Marine Restoration 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **How Our Work Creates Environmental Impact (Theory of Change)** 

|Community Action|Education &<br>Awareness|Scientific Evidence|Environmental<br>Impact|
|---|---|---|---|
|Beach cleans<br>Volunteer<br>engagement|School outreach<br>Beach Schools|Water monitoring<br>University<br>collaboration|Cleaner coastlines<br>Restored oyster<br>habitats<br>Improved<br>ecosystem health|



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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **Reference and Administrative Details** 

Registered Charity Number 1191500 Registered Office 15 St Georges Avenue Havant PO9 2RU United Kingdom Trustees Wendy Bessant Thomas Handley Paul Hawkins Ian Jubb Pollyanna Smithson Nicola Smith George Yeoman Independent Examiner Goff and Company Chartered Accountants 89 Havant Road Emsworth Hampshire PO10 7LF Bankers The Cooperative Bank P.O. Box 101 1 Balloon Street Manchester M60 4EP 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **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 Final Straw Solent CIC (Company number 11393298), whose activities this entity continues. The organisation is governed by a Constitution, having been amended by special resolution by the Trustees registered at Companies House on 28[th] September 2020, based on the Charity Commission model constitution for a Charitable Incorporated Organisation (CIO). 

## **Structure, Governance and Management** 

## **Type of governing document** 

The charity is governed by a Constitution based on a Charity Commission 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 they feel structure. 

Trustees are provided with the current accounts, and relevant Charity Commission guidance. 

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

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **Objectives and Activities** 

## **Summary of the purpose 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: 

- Protecting coastlines, waterways and public spaces from litter and plastic pollution 

- Raising public awareness of the environmental consequences of plastic pollution and single-use plastic. 

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

The charity develops and delivers community initiatives, educational programmes, volunteer activities and scientific collaborators aimed at protecting coastal environments and improving public awareness of environmental issues. 

The main activities are carried out following 3 core aims. 

- 1- The Protection and Restoration of the Solent 

   - The protection and restoration of The Solent and its ecosystems. 

   - Volunteers deliver hands-on environmental improvement. 

- 2- Community Action 

   - Empowering and supporting community and volunteer led action to protect and restore The Solent. 

   - Volunteers lead, own, and sustain change locally. 

- 3- Education 

   - Delivering education that inspires understanding, stewardship and longterm behaviour change. 

   - Volunteers learn through doing and go on to educate others. 

As the charity has grown and matured, it has identified that gathering robust scientific evidence to support its campaigning is essential to give a sound base for its activities. As a co-founder of the Clean Harbours Partnership, the charity is starting to see this is filtering through, helping to apply pressure to polluters and help ensure solid evidence is in place for its campaigning efforts. 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

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

The trustees confirm that they have complied with their duty under the Charities Act 2011 

## **Contribution Made by Volunteers** 

The charity is always incredibly grateful to its passionate and dedicated volunteers. During the reporting period 2,635 volunteers contributed over 3,014 hours of their time supporting beach cleans, water monitoring and education activities. 

## **Achievements and Performance** 

## **Community Action** 

## **Beach Clean-ups** 

The charity organised 59 beach cleans removing 3,183 kg of waste with the help of a diverse volunteer team. These dedicated individuals contributed their time regularly to our mission. waste from the environment, significantly reducing pollution and improving the local ecosystem. 

## **Borrow Bag Scheme** 

The Borrow Bag Scheme continued to expand during the financial period, with over 350 volunteers actively participating in sewing reusable fabric bags made from reclaimed, preloved materials. This initiative has prevented over 600 kilograms of fabric from reaching landfill and has contributed to an estimated reduction of 100,000 single-use plastic bags in circulation. Given the reusable nature of these fabric bags, their environmental impact is expected to increase over time. 

## **Big Fish Sculptures** 

This year the decision has been made to retire all the big fish sculptures. Their impact has been incredible but with an increase in transport and repair costs these are not financially viable any longer. 

## **Educational Outreach** 

The Final Straw Foundation delivered 36 Beach School sessions reaching 4,499 students across 59 schools. This accounting period saw the same remarkable impact numbers as last accounting period for all educational activities with Wild Beach Schools incredibly popular due to the nature of the activities, the blue health ethos and the learning outside of a 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

standard classroom setting to connect children with their environment. Wild Beach School programme is specifically aimed specifically at primary school students who receive free access to the coastline. This programme requires additional funding in the form of transportation to remove a barrier to their attendance. Over the accounting period 50% of all attending school classes required assistance with transportation. 

**Protection and Restoration of The Solent** 

Final Straw Foundation installed 10,000 native oysters with the expert guidance from Blue Marine Foundation, following their installation guide and template. These installations have taken place over 4 sites along the Solent and a further 20,000 is planned for this autumn at new Solent sites. 

Following founding and implementation of the innovative water project with Clean Harbours Partnership, the charity has begun a 365-day water sampling programme this past year to provide up-to-date daily E.coli, phosphate and nitrate records. This information will provide local individuals with information to make their ow informed decisions if they wish to enter the water and form a part of a wider data set of water conditions along The Solent. To date 566 water samples have been taken and analysed across six monitoring sites. 

## **Looking Ahead** 

The charity plans to continue expanding environmental education, citizen science monitoring and marine restoration initiatives across the Solent region while strengthening partnerships with universities and environmental organisations. 

## **Principal Risks and Uncertainties** 

The trustees have considered the principal risks and uncertainties facing the charity and maintain a risk register which is reviewed regularly to ensure that appropriate controls and mitigation measures are in place. The main risks identified relate to the charities financial stability, potential disruption caused by external events, staffing capacity and continuity, and the need to maintain robust governance through clear policies and procedures. The trustees manage these risks through prudent financial oversight, diversified fundraising activity, careful management of staffing and operational costs, appropriate training and support for staff and volunteers, and the implementation of a comprehensive suite of governance policies. The trustees believe that these measures help ensure that the charity is well positioned to manage risks and continue delivering its charitable objectives. 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **Financial Review** 

At the end of the financial period, the charity held funds of £115,000 of which £24,693 were restricted funds set aside for ongoing and upcoming projects, and £90,307 were unrestricted funds. 

During the year, the charity reported a net operating deficit of £34,600. This reflects a **planned period of investment** in both programme delivery and team capacity to support future growth. This investment took place alongside a more challenging macroeconomic environment for donors and fundraising. The trustees are satisfied that this position was anticipated and that there is a **clear plan in place to maintain and strengthen income streams** through ongoing fundraising and partnership development. 

The reduction in cash reserves during the period was also influenced by **targeted investment in new assets and infrastructure** , funded through ringfenced income to maintain robust financial controls and policies to manage cashflow and is **not in breach of its reserves policy or financial management requirements** . 

**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. 

Restructuring Fund: £36,000. This fund would be used to cover essential activities whilst sourcing income to a maximum of 6 months budgeted activity, with 2 staff members. 

Dissolution Fund: £30,500, which would provide for the costs of dissolution should 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 is the Dissolution Fund. There 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. 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **Amount of reserves held** 

At the end of the reporting period, the charity held £90,307 in unrestricted funding, including enough reserves to cover the dissolution fund. The charity leadership is satisfied that the reserves held would be able to fund the restructuring or dissolution of the charity, if required. The restricted funding in place would also cover ongoing running project costs to see existing project commitments through to the end of the charity projects. 

## **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. 

## **Declaration of Payment to a Trustee for Services** 

The Final Straw Foundation did not pay any trustees for their trustee services during this financial period. 

may approve agreements with trustees for the provision of specific goods or services, nterest. 

As disclosed in Note 10 to the financial statements, the charity entered into such an agreement with one trustee for the provision of essential operational services. Under this agreement, payments totalling £8,748 were made during the year. The trustees are satisfied that this arrangement is beneficial to the charity and offers clear value for money. 

## **Declarations** 

Trustee Name Paul Hawkins 

Signature Date 


15/04/2026 

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Registered Address: Final Straw Foundation (CIO)15 St Georges Avenue, Havant, PO9 2RU Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025** 

|Unrestricted<br>Restricted<br>fund<br>fund<br>Notes<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>134,790<br>123,390<br>Other trading activities<br>2<br>2,814<br>-<br>**Total**<br>137,604<br>123,390<br>**EXPENDITURE ON**<br>Raising funds<br>1,393<br>-<br>**Charitable activities**<br>Wages and pensions<br>139,238<br>21,550<br>Beach school<br>-<br>6,168<br>Borrow bags<br>568<br>555<br>Education station<br>3,770<br>3,546<br>Beach cleans<br>8,288<br>865<br>Clean harbours partnership<br>-<br>7,067<br>Community outreach programmes<br>8,227<br>-<br>Water quality programme<br>-<br>397<br>Biodiversity programme<br>-<br>50,000<br>Rent, rates and utilities<br>8,763<br>-<br>Insurance<br>1,248<br>-<br>General office costs<br>1,071<br>-<br>Software licences<br>1,042<br>-<br>Advertising<br>1,740<br>176<br>Staff training<br>1,191<br>-<br>Subscriptions<br>571<br>-<br>Repairs and equipment<br>264<br>-<br>Uniform<br>275<br>-<br>General administration<br>248<br>-<br>Bank charges<br>5<br>-<br>Depreciation<br>3,704<br>-<br>Governance costs<br>1,759<br>-<br>Bookkeeping costs<br>1,073<br>-<br>Big fish<br>3,360<br>-<br>Consultancy<br>17,472<br>-<br>**Total**<br>205,270<br>90,324<br>**NET INCOME/(EXPENDITURE)**<br>(67,666)<br>33,066<br>**Transfers between funds**<br>9<br>24,825<br>(24,825)<br>**Net movement in funds**<br>(42,841)<br>8,241|30.6.25<br>Total<br>funds<br>£<br>258,180<br>2,814<br>260,994<br>1,393<br>160,788<br>6,168<br>1,123<br>7,316<br>9,153<br>7,067<br>8,227<br>397<br>50,000<br>8,763<br>1,248<br>1,071<br>1,042<br>1,916<br>1,191<br>571<br>264<br>275<br>248<br>5<br>3,704<br>1,759<br>1,073<br>3,360<br>17,472<br>295,594<br>(34,600)<br>-<br>(34,600)|30.6.24<br>Total<br>funds<br>£<br>253,791<br>-|
|---|---|---|
|||253,791|
|||343<br>133,120<br>6,567<br>1,143<br>3,622<br>5,371<br>2,805<br>-<br>-<br>-<br>4,137<br>1,118<br>1,544<br>3,674<br>2,121<br>773<br>968<br>183<br>502<br>2<br>19<br>2,169<br>808<br>522<br>-<br>12,724|
|||184,235|
|||69,556<br>-|
|||69,556|



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Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

|**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|133,148<br>90,307|16,452<br>24,693|149,600<br>115,000|80,044|
|---|---|---|---|---|
|||||149,600|



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Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

|**BALANCE SHEET**<br>**30TH JUNE 2025**<br>Unrestricted<br>Restricted<br>fund<br>fund<br>Notes<br>£<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>6<br>30,021<br>-<br>**CURRENT ASSETS**<br>Stocks<br>7<br>8,753<br>-<br>Cash at bank<br>57,258<br>24,693<br>66,011<br>24,693<br>**CREDITORS**<br>Amounts falling due within one year<br>8<br>(5,725)<br>-<br>**NET CURRENT ASSETS**<br>60,286<br>24,693<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>90,307<br>24,693<br>**NET ASSETS**<br>90,307<br>24,693<br>**FUNDS**<br>9<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|30.6.25<br>Total<br>funds<br>£<br>30,021<br>8,753<br>81,951<br>90,704<br>(5,725)<br>84,979<br>115,000<br>115,000<br>90,307<br>24,693<br>115,000|30.6.24<br>Total<br>funds<br>£<br>16,611<br>-<br>136,541<br>136,541<br>(3,552)<br>132,989<br>149,600<br>149,600<br>133,148<br>16,452<br>149,600|
|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025. 

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

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Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **BALANCE SHEET - continued 30TH JUNE 2025** 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 13th April 2026 and were signed on its behalf by: 


P Hawkins (Chair) - Trustee 

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Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Plant and machinery - 10% on reducing balance Office and computer equipment - 33% on cost 

## **Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

Where goods are received as an in-kind donation, they will be valued at fair value. Fair value is the retail price of the goods or, when this is not available, it will be the price to bring the goods to a fit state to sell, including co-branding and associated costs. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

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Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **Treatment of excess restricted funds** 

Restricted funds are funds raised for, or otherwise subject to, specific purposes as defined by the donor. Once the purpose of a restricted fund has been fully achieved, the trustees review any unspent balance. 

Where the original restriction has been met in full and there is no further obligation to use the funds for that purpose, any small surplus may, with the agreement of the donor (where practicable) or in accordance with charity law, be transferred to unrestricted funds to support the charity's general activities. 

If donor consent cannot be obtained and the restriction prevents such a transfer, the trustees will consider applying to the Charity Commission for authority to vary or release the restriction under the Charities Act 2011. 

All decisions relating to the treatment of restricted fund surpluses are approved by the trustees and recorded in the minutes. 

## **2. OTHER TRADING ACTIVITIES** 

|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||30.6.25|30.6.24|
||£|£|
|Shop income|2,814|-|



## **3. NET INCOME/(EXPENDITURE)** 

Net income/(expenditure) is stated after charging/(crediting): 

||30.6.25|30.6.24|
|---|---|---|
||£|£|
|Depreciation - owned assets|3,704|2,169|
|Other operating leases|7,800|-|
|Deficit on disposal of fixed assets|5,999|-|



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Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025** 

## **4. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' salaries or other payroll benefits paid for the year ended 30th June 2025 nor for the year ended 30th June 2024. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 30th June 2025 nor for the year ended 30th June 2024. 

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Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025** 

|**5.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>Restricted<br>fund<br>fund<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>211,715<br>42,076<br>**EXPENDITURE ON**<br>Raising funds<br>132<br>211<br>**Charitable activities**<br>Wages and pensions<br>118,638<br>14,482<br>Beach school<br>-<br>6,567<br>Borrow bags<br>-<br>1,143<br>Education station<br>-<br>3,622<br>Beach cleans<br>323<br>5,048<br>Clean harbours partnership<br>-<br>2,805<br>Rent, rates and utilities<br>4,137<br>-<br>Insurance<br>1,118<br>-<br>General office costs<br>1,544<br>-<br>Software licences<br>3,674<br>-<br>Advertising<br>2,121<br>-<br>Staff training<br>773<br>-<br>Subscriptions<br>968<br>-<br>Repairs and equipment<br>183<br>-<br>Uniform<br>502<br>-<br>General administration<br>2<br>-<br>Bank charges<br>19<br>-<br>Depreciation<br>2,169<br>-<br>Governance costs<br>808<br>-<br>Bookkeeping costs<br>522<br>-<br>Consultancy<br>12,724<br>-<br>**Total**<br>150,357<br>33,878<br>**NET INCOME**<br>61,358<br>8,198<br>**Transfers between funds**<br>48,077<br>(48,077)<br>**Net movement in funds**<br>109,435<br>(39,879)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>23,713<br>56,331<br>**TOTAL FUNDS CARRIED FORWARD**<br>133,148<br>16,452|Total<br>funds<br>£<br>253,791|
|---|---|
||343<br>133,120<br>6,567<br>1,143<br>3,622<br>5,371<br>2,805<br>4,137<br>1,118<br>1,544<br>3,674<br>2,121<br>773<br>968<br>183<br>502<br>2<br>19<br>2,169<br>808<br>522<br>12,724|
||184,235|
||69,556<br>-|
||69,556<br>80,044|
||149,600|



21 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025** 

|**6.**<br>**TANGIBLE FIXED ASSETS**<br>Office and<br>Plant and<br>computer<br>machinery<br>equipment<br>£<br>£<br>**COST**<br>At 1st July 2024<br>21,098<br>1,244<br>Additions<br>25,737<br>-<br>Disposals<br>(9,144)<br>-<br>Impairments<br>(4,000)<br>-<br>At 30th June 2025<br>33,691<br>1,244<br>**DEPRECIATION**<br>At 1st July 2024<br>5,316<br>415<br>Charge for year<br>3,290<br>414<br>Eliminated on disposal<br>(3,145)<br>-<br>Impairments<br>(1,376)<br>-<br>At 30th June 2025<br>4,085<br>829<br>**NET BOOK VALUE**<br>At 30th June 2025<br>29,606<br>415<br>At 30th June 2024<br>15,782<br>829<br>**7.**<br>**STOCKS**<br>30.6.25<br>£<br>Stocks<br>8,753<br>**8.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>30.6.25<br>£<br>Trade creditors<br>4,019<br>Social security and other taxes<br>-<br>Other creditors<br>-<br>Accrued expenses<br>1,706<br>5,725|Totals<br>£<br>22,342<br>25,737<br>(9,144)<br>(4,000)<br>34,935<br>5,731<br>3,704<br>(3,145)<br>(1,376)<br>4,914<br>30,021<br>16,611<br>30.6.24<br>£<br>-<br>30.6.24<br>£<br>2,721<br>1<br>830<br>-<br>3,552|
|---|---|



22 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025** 

|**9.**|**MOVEMENT IN FUNDS**|||||||
|---|---|---|---|---|---|---|---|
|||||Net|Transfers|||
|||||movement|between|||
|||At 1.7.24||in funds|funds|At 30.6.25||
||||£|£|£||£|
||**Unrestricted funds**|||||||
||General fund|133,148||(67,666)|24,825||90,307|
||**Restricted funds**|||||||
||Restricted Funds||16,452|33,066|(24,825)||24,693|
||**TOTAL FUNDS**|149,600||(34,600)|-||115,000|
||Net movement in funds, included in the above are as follows:|||||||
|||||Incoming|Resources|Movement||
|||||resources|expended||in funds|
|||||£|£||£|
||**Unrestricted funds**|||||||
||General fund|||137,604|(205,270)||(67,666)|
||**Restricted funds**|||||||
||Restricted Funds|||123,390|(90,324)||33,066|
||**TOTAL FUNDS**|||260,994|(295,594)||(34,600)|
||**Comparatives for movement in funds**|||||||
|||||Net|Transfers|||
|||||movement|between|||
|||At 1.7.23||in funds|funds|At 30.6.24||
||||£|£|£||£|
||**Unrestricted funds**|||||||
||General fund||23,713|61,358|48,077||133,148|
||**Restricted funds**|||||||
||Restricted Funds||56,331|8,198|(48,077)||16,452|
||**TOTAL FUNDS**||80,044|69,556|-||149,600|



23 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025** 

## **9. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|211,715|(150,357)|61,358|
|**Restricted funds**||||
|Restricted Funds|42,076|(33,878)|8,198|
|**TOTAL FUNDS**|253,791|(184,235)|69,556|



A current year 12 months and prior year 12 months combined position is as follows: 

|||Net|Transfers||
|---|---|---|---|---|
|||movement|between||
||At 1.7.23|in funds|funds|At 30.6.25|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|23,713|(6,308)|72,902|90,307|
|**Restricted funds**|||||
|Restricted Funds|56,331|41,264|(72,902)|24,693|
|**TOTAL FUNDS**|80,044|34,956|-|115,000|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|349,319|(355,627)|(6,308)|
|**Restricted funds**||||
|Restricted Funds|165,466|(124,202)|41,264|
|**TOTAL FUNDS**|514,785|(479,829)|34,956|



24 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025** 

## **10. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES** 

In accordance with the Charities SORP (FRS 102), the charity discloses all material related-party transactions, including payments to trustees for the supply of services. During the year ended 30th June 2025, the charity entered into a formal agreement with one of its trustees for the provision of specialist services required in affected trustee not taking part in any discussion or decision relating to the arrangement. The agreement includes a cap on the maximum amount payable to the trustee for these services within any financial year. 

Under this agreement, the trustee received payments totalling £8,748.00 during the year for the provision of storage costs for the Charity's events trailer, the fit-out, ongoing maintenance and transport of said trailer and of the big fish sculptures. All payments were made at a rate consistent with market value and on terms no more favourable than those available to the charity from unrelated third parties. 

There were no such payments made in the year ended 30th June 2024. 

25 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **FINAL STRAW FOUNDATION** 

|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**<br>**FOR THE YEAR ENDED 30TH JUNE 2025**<br>**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>Gift aid<br>**Other trading activities**<br>Shop income<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Other trading activities**<br>Purchases<br>**Charitable activities**<br>Wages<br>Pensions<br>Rent<br>Rates and water<br>Insurance<br>Light and heat<br>Telephone<br>Advertising<br>Sundries<br>Depreciation of plant and machinery<br>Depreciation of office and computer equipment<br>Loss on disposal of tangible fixed assets<br>Impairment losses for tangible fixed assets<br>Charitable grants and projects<br>**Support costs**<br> **Governance costs**<br>Bookkeeping<br>Accountancy and legal fees<br>Consultancy fees|30.6.25<br>£<br>256,777<br>1,403<br>258,180<br>2,814<br>260,994<br>1,393<br>157,811<br>4,168<br>7,800<br>257<br>1,248<br>706<br>857<br>1,916<br>2,405<br>3,290<br>414<br>5,999<br>2,624<br>84,402<br>273,897<br>1,073<br>1,759<br>17,472<br>20,304|30.6.24<br>£<br>253,347<br>444|
|---|---|---|
|||253,791<br>-|
|||253,791<br>343<br>129,575<br>3,337<br>-<br>-<br>1,118<br>237<br>-<br>2,121<br>16,414<br>1,754<br>415<br>-<br>-<br>14,867|
|||169,838<br>522<br>808<br>12,724|
|||14,054|



26 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

|Total resources expended<br>**Net (expenditure)/income**|295,594<br>(34,600)|184,235|
|---|---|---|
|||69,556|



27 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500 



Final Straw Foundation Report of the Trustees and Unaudited Financial Statements For the period ending 30 June 2025 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FINAL STRAW FOUNDATION** 

## **Independent examiner's report to the trustees of Final Straw Foundation ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2025. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Chris Bond FCCA 

The Association of Chartered Certified Accountants 

Goff and Company Chartered Accountants 89 Havant Road Emsworth Hampshire PO10 7LF 

13th April 2026 

28 

Registered Address: Final Straw Foundation (CIO) 15 St Georges Avenue, Havant, PO9 2U Final Straw Foundation 1191500