REGISTERED CHARITY NUMBER: 1193963 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 THE EARTHSONG FOUNDATION Richardson Swift Audit Limited 11 Laura Place Bath BA2 4BL
THE EARTHSONG FOUNDATION Contents of the Financial Ststements for the year ended 31 March 2024 Pagg Report of the Trust8es 1 to 2 Independent Examinerfs Report Statement of Financlal Actlvltles Balance Sheet Notes to the Financial Statements 6 to S Detailed Statement of Finan¢ial Activities 10
THE EARTHSONG FOUNDATION Report of the Trustees for the year ended 31 March 2024 The Iruslees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities-. Statement of RecomtrEnded Praclice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims Earthsong works to bring about impactful transf0mtiOn in three main areas= music educalK)n. herbal medlne, and environmental regeneration. We lake a strategic approach lo granl-making and do not respond lo unsolicited applications. Instead we build long term relationships and work closely with organisalions that ali9n with our values and demonstrate public benefit. Significant activities Some of the Projects we have supported in the layl year are.. Herba Medicine Through running the website Herb81 Reality www.herbalreality.com we share Iradilional. scientific, and practical insights into he31 mediryne. Herfoal Reality is an educatr'onal p1atfom using an active websi(e. podcasts. newsletters and social media lo share resources and accurate informalK)n about using herbs safely for health. Data shows a good increase in Ihe numbers of people &¢essing the platfomi and we have had much positive feedback and appreciation lor the resource. Continuing our Commitment lo Herbal educali(K we offe¥ supported bursaries for study al UK herbal medicine colleges. Betonica and HeartwocKI. Music Education The Earthsong Programme is a major education programme based at the Bristol Beacon COnrt hall which we have supported for 5 years. sin September 2019 we have worked intensively with over 30 young people across 13 primary %hools in Bristol. By engaging children across every year of primary school life we work long temi and in depth lo support hools lo Iransfomi their relalK)nship with MUS so that a sch¢x)I's musical identity and the power of music are central lo who they are. The Earthsong Programme is referenced in the 2022 Nation Plan for Music Education and In February 2024, was shortliSt for a National Musi¢ and Drama Award for Outstanding Musical Inib"alive. We wll share and advocate the learning of the Earthsong Programme local, regionalty and nationally. We 8130 5UPPOrt a Bristol Pre School with a 3 year Musician in Residence programme as well as a local theat org8nis81ion working in school settiros and the Bristol Jazz festival. Environment We have long temi relationships wtih natsonal organisalions such as The Soil Association. Pesticide Action NeOrk and Client Earth and support their work in Food systems Iransfomi81ion. Nabjre protection and environmental legisL41ion. FINANCIAL REVIEW Finawjcial position The charity ¢ommen¢ed granl-making from April 2022. Both grants made and spending on the Herbal Realty website increased on the prior year. but donations received exceeded this so the charity maintains a strong reserves position. Page 1
THE EARTHSONG FOUNDATION Report of the Trustees for the year ended 31 March 2024 FINANCIAL REVIEW Reserves policy The Iruslees will only award grants up to the value of the funds already held by the charity and do not expect to need to hold signfficanl reserves. The trust will hold a reserve of £5,000, to cover unforeseen adminislralive costs. FUTURE PLANS We will wntinue to prioritize grant making lo UK based charities in the areas of music education. environmental conservation and regeneration and hèrbal medicine research and infomiation via the websrte Herbal Reality. We have strong relationships wi(h our grantees and our intention is wherever appropriate to build longer temi relationships with the beneficiaiies of our larger grants. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The Charity was registered as a Charrtable Incorporated Organisation with the Charity Commission on 30 Mar¢h 2021. 11 is governed by a constitution based on the Charity Commission's Association model constitution.. REFERENCE ANDADMINISTRATIVE DETAILS Registered Charity number 1193963 Principal address North Bam Camèley Somerset BS39 SAH Trustees S A Pole Chair R S V Corbishley P Raby SFPole T J M Korbusz Independent Examiner Richardson Swift Audit Limited 11 Laura Pla Bath BA2 4BL 1011012024 Approved by order of the board of trustees on ............................................. and signed on its behalf by.. S A Pole- Trustee Page 2
Independent Examiner's Report to th& Trustees of The Earthsong Foundation Independent examiner's report to the trustees of The Earthsong Foundation I report lo the charity trustees on my examination of the accounts of The Earthsong Foundation Ilhe Trusll for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you ale responsible lor the preparation of the accounts in accordance wi(h the requirements of the Charities Act 2011 {'Ihe Act'i. I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Ad and in carrying out my examination I have followed all applica)le Directions given by the Charity Commission under Section 14515llb} of the Act. Indepèndent examinerfs statement Since your charty's gross income exceeded £250.000 your examiner musl be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member ol the Institute of Chartered Accountants in England and Vvales, which is one ol the listed bodies. I have completed my examination. I confimi that no material matters have come lo my attention in Connection with the examination giving me cause lo believe that in any material re5pect- accounting re¢d$ were not kept in respect of the Trust as qUId by Section 130 of the Act,. or the accounts do not ¥cord with those records., or the accounts do not ¢omply with the apPIable iequiremenls Conrning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any wuiremenl that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wf(h the examination to which attention should be drawn in this report in order lo enab a proper understanding of the accounts to be reached. Catherine Edwards Richardson Swift Audit Limited 11 Laura Place Bath BA2 4BL Date.. Page 3
THE EARTHSONG FOUNDATION Statement of Financial ActivitrÈs for the yèar ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 384,012 384,012 380.OfK) Investment income 893 893 Totsl 384,905 384.905 380,000 EXPENDITURE ON Raising funds 4,743 4,743 3.114 Charitable activities Grant5 To Inslilulions Online iesource 228,131 77.814 228.131 77,814 168.076 73,587 Total 310,688 310.688 244,777 NET INCOME 74.217 74,217 135,223 RECONCILIATION OF FUNDS Total funds brought forward 135,223 135.223 TOTAL FUNDS CARRIED FORWARD 209.440 209.440 135,223 The notes form part of Iheae financial statements Page 4
THE EARTHSONG FOUNDATION Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted ftjnd Reslri¢ied fund Notes FIXED ASSETS Investments CURRENT ASSETS Cash al bank 212,080 212,080 137.223 CREtXTORS Amounts falling due within one year 12,6411 12,641) {2.0011 NET CURRENT ASSETS 209.439 209,439 135,222 TOTAL ASSETS LESS CURRENT LIABILITIES 209,440 209.440 135.223 NET ASSETS 209,440 209,440 135,223 FUNDS Unrestred funds 209.440 135.223 TOTAL FUNDS 209.440 135,223 The financial statements were approved by the Board of Trustees and authorised for issue on 1011012024..... . and were signed on its behalf by.. 4f S A Pole- Trustee The notes fom) part of these financial statements Page 5
THE EARTHSONG FOUNDATION Notes to the Financial Statements for the year ended 31 March 2024 ACCOUNTING POLICIES Basls of preparing the financial statements The financial slatemenls of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Chari(ies.' Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the hisluical ca51 convention. with the ex¢eplton of investments which are included at market value. Income All income is recognised in the Statement ol Financial Activities once the charity has entillemenl to the funds, it is probable that the income will be receThied and the amount can be measured reliably. Expenditu Liabilities are rewgnised as e)pendf(ure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amourit ol 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 diredly attributed lo 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 mel at the year end date are noted a5 a commitment but not 2Lcrued as expendf(ure. Taxation The charity is exempt from tax on its ¢harilable activities. Fund accounting Unrestrided funds can be Ltsed in accordance wf(h the charitable objectives 81 the discretion of the Iruslees. Restricted ftjnds can only be used for particular restricted putposes within the objects of the charity. Restrictions arise when speCifd by the donor or when fLJnds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial stalemenls. INVESTMENT INCOME 2024 2023 Deposit account interest 893 Pag&6 continued...
THE EARTHSONG FOUNDATION Notes to the Financial Statements - continued for the year ended 31 March 2024 RAISING FUNDS Raising donations and legacles 2024 2023 Support C0518 4.743 3.114 TRUSTEES, REMUNERATION AND BENEFITS There were no trust$. remuneratton or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expgnses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARAT5VES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restred fund Total funds INCOME AND ENDOWMENTS FROM Donatt'ons and legacies 380.000 380,000 EXPENDITURE ON Raising funds 3.114 3,114 Charitable activities Grants To Institution5 Online resource 168,076 73,587 168,076 73.587 Total 244,777 244.777 NET INCOME 135,223 135,223 TOTAL FUNDS CARRIED FORWARD 135,223 135.223 FIXED ASSET INVESTMENTS The investment is 100Yo of the issued share capital of Earthsong Seeds Limrted. Page 7 continued...
THE EARTHSONG FOUNDATION Notes to the Financial Statement5- continued for the year ended 31 March 2024 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 2,641 2,001 MOVEMENT IN FUNDS Net movement in funds Al 1.4.23 31.3.24 Unrestricted funds General fund 135.223 74.217 209,440 TOTAL FUNDS 135,223 74,217 209,440 Net movement in funds, induded in the above are as follows.. Incoming resources Resources expended Movement in lunds Unreslricted funds General fund 384.905 1310.6881 74,217 TOTAL FUNDS 384,905 1310,6881 74,217 ComparatNes for movement in funds Nel nTh)vemenl in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 135,223 135,223 TOTAL FUNDS 135.223 135,223 Comparative nel movement in funds, inclLKled in the above are as follows.. Incoming resou5 Resources expended Movement in funds Unrestricted funds General fund 380.000 1244.777) 135,223 TOTAL FUNDS 380,000 1244,7771 135.223 Page 8 ¢onlinued...
THE EARTHSONG FOUNDATION Notes to the Financial Statsments- continued for the year ended 31 March 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined positir is as folk)ws'. Nel movement in funds At 31.3.24 Al 1.4.22 Unrestricted funds General fund 209,440 209,440 TOTAL FUNDS 209,440 209,440 A current year 12 months and prr year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 764,905 {555,465) 209,440 TOTAL FUNDS 764,905 {555,4651 209,440 REL4TED PARTY DISCLOSURES The income wa5 received from the trusl&s. Page 9
THE EARTHSONG FOUNOATION Detailed Statement of Financial Activities for the year ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations 384.012 380,000 Investment income Deposit account interest Total incoming resources 384,905 380,000 EXPENDITURE Charitable activities Online resource Grants lo inslilulDns 77,814 228,131 73,587 168,076 305,945 241,663 Support costs Finance Bank charges 113 Governan¢e costs Accountancy and legal fees 4,630 3,020 Total resources eypended 310,688 244.777 Net income 74,217 135,223 This page does not form part ofthe ststulory financial slalements Page 10