Compauy ffgistsation number.. 13560206
Charity. r￿lStratIOn number.. 1201893
Firstfruit Ventures
(A company limited by guarantce)
Annual Report and Financial Stst¢me]
for the Year Ended 31 August ?024

Firsrfruit Venture5
Contents
R¢f¢r¢tt¢e and Administralive Details
Trustee5' Re￿)rt
Accoulltsnts, Report
Sialement olFinancial Activitie5
Balan¢e Sheet
No*s to the Financial S￿ernents
8￿1?

Firstfruit Ventures
Reference and AdministratiTre Details
Trustees
H Wolmarans
C PerkiDs
C Seado
Cbaritv Registrntioll Number
1201893
Co]npally Registniion Number
13560?06
The charity. 15 incorpor*ed in England •thd Wales.
l ￿.)ston House
I Wiston Avenue
Ivonhin"
Vest S￿SseX
ReEisiered Office
BNI4 7QL
Hodson & Co
iston Ho￿￿e
I Il'iston Avenue
Worthing
Il'est Svssex
BNI4 7QL
A¢couDtsnts
Page I

Firstfrnit Velltures
Tru5tees' Report
The trustees. who are dire¢lory for the PUTPOSeS of company law. preseDI the annual report together Wlth the
finan¢ial ststements of the charitable Compa￿Y for the Jeat ended 31 Avguo 20?4.
Objeetives #nd activiii
Ohject5 Ltndllim
The prevenlic>n or Telief of poyerty anwm'here in the Morld bj makiniw wants or providing assistsnce to other
chariiies and Thot for profit or¥anisations to supp)rt the PryTrViSiOD of edu￿l01￿ trdin1t￿ts and ￿h¢r support
designed io enable individuals to general¢ a sustainable incom¢ and be selfreliant.
To relieve the need$ of p¢ople anjwhere in the World wkn are fleeino ￿aT. fafft￿¢. p)liti¢al instability. religiou5
persecution or genocidc by mtiktng grants or providing assisran¢e kn other charities and Dot for profit
organisations r¢lieving the needs of such people.
GranLS will be made to organisaiions such as ehurches and other charities align with the Visio￿ Ley objects
and core value5 of FirstFruit Ventur¢s. Grants will onl). be made to organisatlQll5 that hav¢ a proven track ttcord
of %curdte needs assessment and 5UCf¢S5ful itnpl¢mtniation of progrdmmes.
Public benefil
rhe charity exists to further lis ¢harirable purposes by making 8rants to thr Chariite& NGO'S and organi5ations
that prev¢ni or reliei'e povertv or relieve the needs of pwple are fleeing w, famine. political instability.
reli8ious perstcution or genotide.
The trug¢es ￿nf)rni that thei. haNe complied ￿[th ihe r¢qllirements of Section 17 olihe Charities Ad 2011 to
have due regard to the public benefit guidance published by the ChaTity' Ccmnrnission for England and W￿¢S.
Financial reTr'iew
Results ÈO 31 A￿t7￿￿t ?024 show a deficit of £54112023 Surplus of £15.ii41 UnTtStri¢ted funds * 31 August
wue £14.993 (2023 £15,534).
Poliry on reserves
The trustees have examined the charitys requ1￿ments for r¥etves lighi of the tnain risk5 to the tsrganisation.
The trustees ¢onsid¢r that the present level of fvndins will b¢ adequate to supp)rt the COllLinuation of the charity
and for it to ￿Er1[ its obligations.
Cmoing toncern
T11￿¢ ar¢ JK> ￿￿terial LuKetiaiJities aix)ut die clwity's ability to coiituw¢.
Trll%tees and offTcers
The trnstees and offi¢¢rs servin8 during iheyear and since the year end were ￿ follows..
Trustees:
H Wtslmarans
C Perkin5
C Seadon
P￿tte 2

Firstfruit Ventures
Trustees, Report
Structur¢y goTr'¢rnanceAnd management
NaNreofgoveFning docunwnl
Fir5tfruit Ventures 15 a Charitable Cortlpany Tegi5Tered on I l A￿.￿￿t J? 21 and registered with the Charity
Commission of Ennland and Ivates Ino. l?018931.
Recruilmeni appoIntn￿I¢ irustees
Th¢Board has th¢ power io appoint additional trustees as At eonsiders fit to do so.
Nolle of the In￿ree5 has any beneficial interest in the ¢harity.
Induclion undiruining ofirusiges
New trustees ate made familiar i%ith the charity vision. operation and goals by dialogue with existing pe￿}￿ne1
and provision of minutes atld other literature pertaining to tharity actiTrity.
All tru5tee5 are already fan]iliar with the prnctical work of the charity. New trusttts are encourdged to attend all
ana(pement comtnittee mteti]]gs. Short trnining S￿10￿5 lif required) ajt provided w familiarise new tn]stees
with th¢ clwiry.
The charity. is or8ani5d 50 that the trustee5 Ineet regthaAy to mattage its affairs. The charity is overseen by the
trustees. Key 5trateoic and adMini￿rat1￿.¢ decisions are made by ageeTnent of the trustees. and delegated as
appropriate.
St2ternent of tru5tees' re5pon5ibilitie5
The truste¢51th aTe a150 Ihe directo￿ of FirstfTUii Ventures for thc purroses of company law} are responsible
for preparing the t￿51¢¢5, re￿rt and ihe fir￿cIal stsi¢ments in attordance ￿1th applicatrile law and United
Kingdom Accounting SrandaTds (Lnited KjThgdo￿ Genera]l} Accepted AccoLmting Practi¢el, including FRS
102"The Financial Rep)ning Stsndard applicable ID the UK and Republic of ItelaDd".
Company lai¥ requires ihe trnsitts to prepare financial s￿eMents for c&h financtal yeat. Lnder company law.
the tnjsiees must not approve lh¢ fIn￿claI statements unles5 thoTr are satl5ficd Ihai they gil'e a true and fair view
of the state of affairs of ihe ¢haritablc ¢ompanJ' and of the incornino resources and application of resources.
including its income and expendiiure. of the ¢h8ritsble wmpany for th& period In preparing these financial
statements, the trustees are required io=
Select suitable a¢¢ountinu TK>licie5 and applv them consisienilv-
obsetve the methods aftd priD¢iples in the CFtariiies SORP.
make judgements and estimates that are rt&8onable and ptudenL
State whether applicable accounting standards, comprising FRS 102 have been folk)wed, subject to any
material departures disclosed and explained in the financial stateJnen¢S'. and
prepare the finan¢ia] $￿ements on the going eoncern b&sis uThle5s il is inappropriate to presume th* the
charitable compar]y will ¢ontÈllue ill busin¢ss.
The t￿ste¢s are responsible ftsr keepin(T proper accounting Te£ords that Can disclose with reasonable accuracy at
a¥Jv lin￿ the finanGial w>5iiion of the charstable cotnpany and enable them to ensure that the financial statements
¢omplv with the Companies Aci 2006. They are also r¢s￿nsible for safeguarding the ¥sets of the charitable
COtRpany and hence for taking reasonable steps for the prevention and dekciioD of fraud and other irregularities.
Page i

Firsrfruit Ventures
Trustees, Report
The trustees are responsible for the maintenartt and inte_£rity of the corporate and financial infomation
included on the charitable company's website. Legislation governing the prepaTation and dissemination of
fir￿cial statemellts may differ legislation in other jurisdi¢tLons.
The rep)rt was approved b) the tr￿treS of the charity Oll
- and signed on its behalf by:
Lli
H m.ol
Trustee
Page 4

Chartered Accountants, Report to the Truslees on the Preparation of the Unaudited
StatutoT) Accounts of
Firsrfruit Ventures
for the Year Ended 31 August 2024
In order to ￿ist >'ou to fulfil your duties under the CornpaDies Act 2006, we have prepared for your approval
the ar¢ounts of Firstfnjit Ven(ures for the )'ear ended 3 1 .4ugust 2024 as 5Ct oui on pages 6 to 12 from the
compaThy's ac¢ountitLts re¢ords and from infonnatitsn and explanations )'ou have gii'en us.
As a practising rntmber firm of the Institute of Chartered Accounlants in Fmgland and Wales (ICAEWI we Are
subjeei 10 Its ethical and other professional requirements which are del￿1￿ ￿ http.'Il%¥i¥w.icaew.comleTht
memberslregulatÉons-siandards-and-guidan¢cl.
This report is made solely to the board of directors of Firsifwit venlu￿$, xs a l￿d5'. in ￿£￿rdance with the
terojs of QL]r engagement letter. Our W'ork has been undertaken 501el} to PTepaw f¢x y¢)Lr approi'al the f2nancia]
ststements of Firstfntit Venwres and state those matters that we haTre a* to state to the board of directors or
Fi￿(frUit Ventures. as a bodj. in this in ac¢ordan¢¢ M'ith ICAEW Technical Release 07116 AAF. To the
fijllest eKtent pertnitted by law. do not aGcepl Or assume responsibilitN kn an￿One other than Fitstfruit
Vertlutes and its board of directors as a body for our work or for this report.
It is your duty 10 eTisure ihat Firstfmii Venttues has kepi ad¢qUa￿ accouDiing records and io pr¢pare stslutory
accounis thai giN'e a true and fair view of ihe a5sers. lÈabilitie& finan¢ial ￿￿1110￿ and of Fir5tlruit V¢ntures. You
considet that Firstfntit Venhjres is exempt from th¢ staiuloT)' audit requirerneni for the iear.
We have not been illStru¢Èed to carry out an atsdit or a miew of the accounts of FiTStfruit Veniures. For ihis
reason, w¢ have not verifjed the accurdcy or completeness of the attounting records or infortnation and
explanations you have given to tss 2nd we do not, therefore, express any opinion on the statutory accounts.
Flodson & Co
Wiston House
I Wiston Avenue
Worthing
West Sussex
Bb'14 7QL

Firstfruit Ventures
Statement of Financial Ac¢i%ities for the Year EDded 31 August 2024
(lllcluding In¢ome 2nd Eypenditure Account and Statement of Total RecogTrised Gains
and L.osses)
Unrtstrieted
funds
Total
2024
P*oie
Infome gnd EndowrneTrts from:
Expenditure on:
Clwitable actiTrities
1541)
15411
Total expenditure
Net exptrtdiiure
1541)
541
1541)
541
Nei movement ID fijnds
1541)
(5411
￿e￿ncIlIatio￿ of funds
roial filljds broughi forward
15.534
15,534
Total funds carried forwdrd
14,99)
Ullre5tricted
funds
14,993
Total
2023
Nott
Intome aud EDdowmeDts from:
Donattons and legacies
158.346
158.346
Total incotne
158346
158,i46
Expenditure on:
Chariuble a¢iiviues
(142.8121
(142,812)
Total expenditure
(142.8121
14? 81?)
Nei in¢ome
15,534
Net movement in fund5
15,534
l5,S34
Reconciliation of funds
Totsl filnds Garried foEivard
15.534
15534
All of the charity's activities derive from continuing operntions during the aknTre kn'o periods.
The futsls bre8kdo%hTr for 2023 is slK>*n in nNe I l.
The notes on pages 8 to 12 fonn ary integrnl part of these finarKial s￿ement
P4e6

Firsrfrnit Ventures
(Registration number: 13i60206)
Balanee Sheet as at 31 August 2024
2024
2023
CwrreDt assets
Cash at bank and in Iwjd
15.3?3
16.074
Creditors: Amounts falliuo due olle )ur
10
540
Net assets
14.993
Fund5 of ihe cbgrity:
Unrestrided income fund5
Untestri¢ted funds
14.993
15,)34
Total funds
14.1)93
15.5i4
Forthe finallcial year etlding 31 Augusi 20?4 th¢ charit>. enlitled to exemptioth from audit ￿nder section 477
of the Companies Ad 2006 reialillg to 5tRall cotnpanies.
D1￿Cto1$, ffsponsibilities..
The members have not required the charity to obtsin aTh audit of its accounts for th¢ year LD question in
ordan¢e M'ith settion 476: and
The dir¢¢tors acknow'ledse their resp)rtsibiliti¢s for ¢ompl)'iD8 with the requirements of the Act V¢ith respeci
10 accouniing re¢ords and the prepardtion of xcounts.
aKAI SEa￿ments on pages 6 to l? Mtre approved by the trustees. and aUth￿l$ed for issue on
and $isned their behalf by=
H Ilol
Trustcc
The notes on pages 8 to l? forn an integral part of these finan¢ial ststernents.
Page 7

Flrsrfruit Ventures
Not￿ to the Financial Statements for the Year EDded 31 August 2024
I Charity sta￿$
The charity is limited by guarantee. Ll]coriy)rated in Entsland and Mrales. and consequently does llot haye share
capilal. Each of the trustee5 LS liable io wn¢tibul¢ an amoiint not ex¢¢¢ding £10 towards the a5￿ts of the charity
In the eveni of liquidation.
The address of its registered office is-
I Ivision House
I Iviston Avcnue
Worthing
Wcst Su55eK
BN14 7QL
2 .4ctou￿lin¥ policies
Summary of significant accounting policie5 *nd ke). •¢eouDting estimates
The principal accountin
policies applied in the preparntion of these financial 5ratements are sei out below.
Thcse policies have b¢en ¢ODSiStentt)' applied to all the year5 presented. unless otheNise stated.
Statement of romplian¢e
The fiTwi¢ial siatemenis have been prepared in acLY)rdance with Accounting and R¢portiDg by Chariti£s".
Ststement of Recorllmended PTa¢iice (applicable to charities Preparino iheir aco)unts in a¢¢ordan¢e ivith the
Financial Reportzno Statldard applicable in ihe UK and Republic of Irelatml (FRS 10?)) {is5ued October 2019)
- {Charities SORP (FRS IO*)). the FI[￿7n¢tal Rewrting Standard applicable in the UK and Republic of Ireland
IFRS 102) and th¢ Compani¢s Act 2006.
B4sis of preparntion
Firstfruit Ventures meets the d¢finilion of a public benefit entity under FRS 102. Assets and liabilities ar¢
itiLt&illy recognised at historical cost or tTansactiDn &?luc unless othcnyise staled in the ￿levant accountÉntr
policy notes.
Going concern
The tru5tec5 consider ihat the¥e are ￿ macerial uneerrainties aFx)ut the charity's ability to contiDue as a going
¢oncern nor any signifjcant ar￿ of uncertainty that affect the ￿r￿.]rtg value of assets held by the charity.
Exemptton frorn prepariNtr # tash flow sthtement
The charity oplcd to early adopt Bulleiin I published on 2 Febrnat) ?016 and haTre therelore noi included a cash
flow statefflent in these financi￿ slatements.
Income 4ud endowments
AIS income is recogni5ed once the charity has entiiletnent to the in¢ome, li is probable thai the income will be
re¢eived aNI the amount of the income ￿]Vable can be measured reliably.
Page 8

Firstfrnii Ventures
Notes to the Financral Statemettts for the Year Ended 31 August 2024
Donations UndIeg￿(l
Donations are recognised when the charity has beett in WTiiing of the amLHJnt and settlement date.
In the event that a donatiori Is subject to Conditions thai requi￿ a level of perfornwJ¢e by the Charity. before ihe
chariry is ¢ntiiled io the funds, the iDcome is deferred and not recognised until either those conditions are fully
mei. or the fulfilment of thos¢ ¢onditions is wholl%' i%ithin the eontrol of the Charity and li is pTobable th* these
condttions will be fulfilled in the re￿rtIng perithj.
Expenditure
All expendiiure 15 recogni5ed once there is a legal or ctsnsffii¢iive obl]￿lOn io that expenditure. it is probable
seulemeni is required 2nd the amount can be me&sured reliablv. All costs are allocated to the applicable
expenditu￿ heading that aggegaie Similar costs kn thai calegot>. Where costs cannot be directly attribyted to
pE￿iCUlar hcadin85 they haN'e been all￿*¢￿ on a basis consisieni m.ith the use of resources. with Central staff
coss ailo¢aied on the basis of lime spent. and dept￿latIo￿ ch￿￿e$ a110¢2ted on the wrtion of the asset's use.
her support costs ar¢ a]lo¢ated based on the sprtad of staff cos
Choritable oclivilie%
Charitable expenditute Comprises those costs incurrtd b) the charity in tht deli*ery of its aCtIVilies and s¢rvices
for its beneficiaries. li includes both costs be all(Yatrd dir¢aly to sudi actI￿.itieS those costs of all
indirect nature necessary io sUp￿rt them.
Gr&ntproyision5
Provisions for grants are rn￿£ Thhen the intentkon ￿ make a has been communicated w the recipient bui
there is uncerlaitlry about either the timing of the grant or the amount of grant payable.
GoveTh3Dce Costs
These include the costs attributsble ￿ the ¢h8Tity's compliance with eOnttlt￿Iortal and staDJtory requirements,
tn¢ludins audii strategic managernent and trusttts medings atld reimbursth4 expenses.
Ta￿tion
L•fdph I Schedule 6 of Fitlance Act ?010 and
Thc charity LS CODSLdered to p&%s the tests sei oui in Pardo
therefore it m¢ets the definition of a charitable COllLpany for UK cotyordti¢)n purp)ses. Accordingly. the
charÈty is potentially ¢xeTnpi fwm Ltxation in respect of I[￿orne OT capital gans received ￿'1th1￿ categories
covered by c.hapter 3 Part I l of the Corp)rnlion A¢[ ?010 or Section ?56 of the T&xation of Chargtable
Gains Aci 1992, to the exrenr ihai su¢h income or gain5 are applied exclusiv¢ly ￿ ¢harithbl¢ purpos¢s.
Cash and eash equivalents
h and equivalens comprise cash on hand atld call dep)srts: and oth¢r shon-iem highly liquid
investm¢nts ihat are reddtly convertible to a knowTr amount of ¢￿h and are subjtct to an insionificant risk of
change in Wdlue.
Fund structure
Unrestricted ineome funds are general fvnds that are available fvr at the busiets discretion furtherance of
the objectives of the eharity.
Page 9

Firstfrnit Venture5
Notes to the Financial Statements for the Year Ended 31 August 2024
Fi￿￿¢1#1 iAStrnmellts
Classificaliox
The company only ha5 financial a5set5 ar￿ financial liabilities of a kind th* qualify as basi¢ flnancial
instNrnents. Basi¢ fthanciai insinunents 2re iniiiall} reco.￿lSed ai transaction i'alue and sub5equenil)' ￿easU[e￿
at Iheir settlement value with the excep(ion of loans which are subsequertly measured at amortised cost Using
the efflrtive interest rnethod.
3 ltteornt from donations legacies
Unrnstricted
funds
GeTherdl
Total
funds
Totsl for 2024
Total for 2023
158 346
4 Expenditsre on cbaritablt *cti¥iiies
UllTtstricted
runds
CeDeral
Total
funds
GoverDattce costs
541
541
Total for 2023
142 812
14? 812
5 Anatysi5 of goTrerllxD£e alld support costs
GoveTDance costs
UDrtstri¢ted
runds
Cenerdl
Totsl
funds
Legal and professional fees
Other 8ov¢rnance costs
4£7
4£7
84
Totsi for 2024
541
541
Tot•1 for 1023
2.812
P4e 10

Firstfruit Venttsres
Notes to tbe Financial Statements for the Year Ended 31 August 2024
6 Net incomiThg/outgoing resources
Nei (ourgoingyincomit)g resources for th¢ year include".
2024
7 Trustees remuDer4tioD aDd eJp¢oses
No tru￿eeS. nor any persons cont)¢¢ted them, have received any retDuneration Irom the chartty during the
year.
No trustres hawe received any reimbursed &xpenses or any other knefits from the ctwity during Ihe yvdr.
8 T8XAtioD
The charity is a registered charit). and is thtrtfott exempt frorn taxation.
9 Cgsh and rJsh equivalents
2024
2023
c￿11 at ballk
15J23
16.074
10 Creditors: #mounts falling due within one )e4r
2024
2023
Accrua15
330
540
I l Funds
B#l*ote ¥t I
September
21123
Re%ources
eypended
Bglallce at31
August 2024
Unrestricted fund5
General
15.534
541
4.993
lacoming
resowrces
Resouree5
expethded
Balance at 31
Augllst 2023
Unrestriettd funds
Ge￿ra1
If 8.)46
(14?,812)
15.534

rirstfrnit Vellture5
Notes to the Financial Statements for the Year Ended 31 August 2024
12 Anglvsis of llet 85Stts between funds
Unrtstricted
runds
C¢neral
Total fu￿d$ 8t
31 August
2024
Currenl asseis
Curreni liabilities
15.323
1330
15,323
330
Total net assets
14,993
14,993
Unre51ritted
funds
Gener*1
Total funds at
31 .4ugust
2023
Curret]t ￿S￿S
Cutrent liabilities
16.074
540
16.074
540
Tolal nEt assets
15.534
13 Related party transaetions
There were no related part.b' trattsactions in the Jear.
Page 12