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2025-03-31-accounts

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

Company number: 01944186 Charity number: 293141

GROUNDWORK EAST

(A Company Limited by Guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

CONTENTS

Page
Reference and Administrative Details of the Company 1
Trustees’ Report 2 – 12
Independent Auditor’s Report 13 – 16
Statement of Financial Activities 17
Balance Sheet 18
Statement of Cash Flows 19
Notes to the Financial Statements 20 - 27

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY FOR THE YEAR ENDED 31 MARCH 2025

Directors, who are also Trustees Patrick Hughes, Chair
Phillip Bibby
Richard Powell
Julie Smith
Mark Hubbocks
Lisa Goldsmith
Temi Awofala
Peter Duffy
Ruth Thomson
Elisabeth George
John Chesters
Julie Smith (Resigned 24 February 2025)
Peter Duffy (Resigned 31 March 2025)
Ruth Thomson (Resigned 6 November 2024)
Kevin Jones (appointed 25 March 2025)
Annabel Flint (appointed 25 March 2025)
Company Registered Number 01944186
Charity Registered Number 293141
Registered Office Mill Green, Hatfield, Hertfordshire, AL9 5PE
Company Secretary Mark Hubbocks
Chief Executive Carolyn Reid
Independent Auditors Mercer & Hole LLP, 72 London Road, St Albans, Hertfordshire, AL1
1NS
Bankers National Westminster Bank Plc, 104 Fore Street, Hertford,
Hertfordshire, SG14 1YY
Aldermore Bank Plc, 1stFloor, Block B, Western House, Lynch
Wood, Peterborough, PE2 6FZ
The Charity Bank Ltd, Fosse House, 182 High Street, Tonbridge,
TN9 1BE
CCLA Fund Managers Ltd, Senator House, 85 Queen Victoria
Street, London, EC4V 4ET
Nationwide Building Society, Nationwide House, Pipers Way,
Swindon, SN38 1NW
Solicitors Mishcon de Reya, 4 Station Square, Cambridge, CB1 2GE

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Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Groundwork East (the company) for the year ended 31 March 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2023).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

OBJECTIVES AND ACTIVITIES

Mission

Groundwork East is a registered charity (no. 293141) and a company limited by guarantee (no. 1944186). It is an independent organisation governed by a Board of Trustees and is a member of the national Federation of Groundwork Trusts.

Our mission is to create a fair and green future in which people, places and nature thrive. In order that we can achieve a ‘just transition’ to net-zero and help nature recover in a way that tackles inequality and provides a springboard for better work and healthier, happier lives we focus on delivering impact for:

We operate across the 6 counties of the East of England (Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk and Suffolk), partnering with residents, the public and private sectors and other non-profits to deliver wide ranging projects and services.

Established in 1985 our original approach still holds true today: to respond to local needs by putting the right tools in people’s hands, engaging with all stakeholders and addressing multiple issues with the same investment.

Organisational history

The first Groundwork initiative was established in St Helens on the edge of Merseyside in 1982 as a radical experiment to bring together communities, businesses and government in a joint effort to improve the quality of life and promote sustainable development in places that had become run-down and neglected.

Since then Groundwork has grown into a national network covering England, Wales, Northern Ireland, and working through partners in Scotland. The Federation of Groundwork Trusts currently comprises 17 independent trusts which collectively deliver projects and programmes to the value of around £65 million per year.

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025

Groundwork East is one of the longest established Groundwork trusts, established in 1985 as The Hertfordshire Groundwork Trust and gradually expanding to cover the whole East of England but remaining committed to local delivery through teams operating in Hertfordshire, Bedfordshire, Cambridgeshire, Essex, Suffolk and Norfolk. In 2015 the Trust changed its legal name to Groundwork East to reflect its wider geography, however it also continues to operate under local brands.

The original vision for Groundwork – start local, put the right tools in people’s hands, engage with everyone who has a stake in a place and address as many issues as possible with the same investment – holds true today. Groundwork remains committed to changing places changing lives: practical action to build stronger communities with better local environments, to tackle climate change and combat fuel poverty, to improve skills and get people back into work, and to inspire the next generation of community champions and green leaders.

We achieve our vision by working together with passionate individuals, proactive public services and innovative parts of the private sector.

We are committed to meeting the business management standards agreed by the federation and acting in a way which is consistent with the terms of the Groundwork Membership Agreement, which prioritises good governance, consistent quality, collaboration and inclusion.

We are committed to the principles of sustainable development and the Groundwork Federation aims to halve its collective carbon footprint by 2035 and achieve net zero carbon emissions before 2050.

The way we go about our work is informed by our commitment to ‘the Groundwork approach’:

Activities for achieving objectives

Groundwork is a federation of independent charities, called Groundwork Trusts, working under a shared federation strategy. Groundwork East benefits from the national network through the Federation’s ability to build partnerships, fundraise, raise the profile of the Groundwork movement and advocate for change/our beneficiaries with central Government.

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Impact

Building the capacity and resilience of communities, businesses and landscapes is vital if we are to tackle hardship, transition to net-zero and help nature recover in a way that reduces inequality and leads to better work and healthier, happier lives. The impact data we capture helps us understand the scale and breadth of our activity and the change it brings about. We are focused on connecting people with each other, with opportunity and with nature, and always try to deliver social, economic and environmental outcomes in an integrated way, generating even greater impact in the places that need it most.

The national Groundwork federation 2028 strategy sets out to help;

Groundwork East aims to achieve the following:

Groundwork East collects a number of impact indicators each year to build a picture of activity. This information feeds into a federation-wide impact measurement framework. The information is collected under three areas of individual, community and environmental resilience which maps onto our operational themes of green communities, business and landscape. Groundwork East’s achievements in 2024/25 include:

Main activities undertaken to further the Charity's purposes for public benefit

Groundwork East operates within the Objects described within the Memorandum and Articles of Association, which outline in detail the type of public benefit sought. Public benefit has been achieved in all thematic areas described within the activity review for the current year. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025

Volunteers

The Trust has worked alongside 426 volunteers. This is the number of people that give their time freely to support Groundwork East’s activities as a volunteer. The Directors would like to record their thanks to the many volunteers who supported / engaged with Trust activities during the year.

ACHIEVEMENTS AND PERFORMANCE

Review of Activities

Groundwork East is a successful, highly regarded and mature Trust which was established in 1985. Every Groundwork Trust is rooted in the area it serves. Each Trust’s programmes and services are tailored to the needs of partners and communities in their locality. When all that local activity is added together, it becomes a major national force for change. Groundwork Hertfordshire, Groundwork Luton & Bedfordshire, Groundwork Cambridgeshire & Peterborough, Groundwork Essex, Groundwork Suffolk and Groundwork Norfolk are Groundwork East’s locally branded operations in those areas. The year 2024/25 once again saw the Trust's inspirational team deliver a programme of impactful, high profile projects across its operational area.

Project delivery in detail

Impact people - Improved prospects, increased wellbeing and more equal opportunity, to choose greener ways of living

Our Forward Trust programme has grown this year as we secured regular community sites on which to - deliver the sessions. This project supports ex-offenders on a 6 week training programme for people who are looking for skills in landscaping, construction, horticulture and conservation.

Small groups of learners, supervised by qualified Groundwork staff, carry out practical landscape or conservation improvement projects. The landscape improvement projects benefit the local community on a public site that is used by local residents. Work typically includes creation of raised planting beds, minor fencing and surfacing works, and clearance of vegetation and of small structures. Having regular sites provides more consistency for the Forward Trust participants supporting attendance and ensures a lasting physical impact on the sites themselves and for those that use them.

Our Green Recovery programme delivered in partnership with Huntingdon District Council continues to flourish, upskilling adults in green sector skills while also supporting nature recovery in parks and open spaces. Through this opportunity we have been able to develop projects new to the area including River Wardens and Citizen Science which will be delivered next year.

This year we developed an exciting new youth project called Rooted in Nature. The project supports young people ages 12- 18 (up to 25 with additional needs) with low level mental health issues to connect with nature and the outdoors. The project is 3 hours a week for 3 weeks and consists of outdoor activities such as mindful walks, natural art and growing activities. The aim of the programme is to support those who do not meet the thresholds of mental health services and before they reach crisis point, providing them with tools and strategies to improve their mental wellbeing and the confidence to connect with their local green spaces after the project has come to an end.

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Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025

This year we drew our youth services contract with Central Bedfordshire Council to a close after 15 amazing years to concentrate on our nature based youth projects including Uplifting Potential, Green Sparks and Rooted in Nature.

Impact place - Stronger communities, more responsible business, better social and green infrastructure, improved biodiversity

Our Memorial Park ‘Green Hub’ has continued to flourish in 2024-25. With multi-year funding confirmed – it has enabled multiple weekly volunteer growing sessions to be led for the first time, alongside regular courses aimed for all aged the protect the environment, and promote healthy living. Furthermore, it has enabled growth with home schooled groups.

The Trust’s continued relationship with Hertfordshire County Council has enabled the continued delivery of our Hertfordshire ‘Green Aiders’ programme, working with vulnerable residents across Hertfordshire (with particular focus on those awaiting discharge from hospital or at risk of readmission to hospital) and volunteers to complete one off garden clearances, to enable safety and enjoyment of green spaces once again for many residents.

The Trust has continued to grow our ‘VegFest’ programme across Cambridgeshire this year, developing growing areas for 8 schools within the St. Neots area and beginning weekly growing sessions with the students and teacher to culminate in a summer ‘VegFest’ event.

Impact planet - More people taking environmental action, reduced waste and carbon, increased biodiversity

The Trust's long-standing partnership with North Herts Council to deliver a range of exciting outside space improvement projects across the local authority continued this year.

Our Landscape team have designed play area improvements at the Baldock Recreation Ground and a new outdoor gym at Avenue Park, Baldock and play improvements at Purwell Park, Hitchin.

Two new Landscape community consultation and design projects for green space areas in Deeping St James Parish Council and Northaw & Cuffley Parish councils have been progressed.

Our Sustainable Business Services carbon management offering has continued to grow and develop during this period. In particular, we have seen growth in our independent and impartial net zero support with several new clients and repeat work for existing clients. . We have also continued to deliver environmental and certified Carbon Literacy training to SMEs,and local authorities across the region.

To further embed messages about water efficiency, Groundwork continued to work with Northumbrian Water and Waterwise to develop an accredited Water Literacy programme, modelled on experience of delivering carbon literacy training. The initiative, funded by Ofwat’s Water Breakthrough Challenge, aims to help 2,000 people become ‘water literate’ through learning about water scarcity, the value of water as a resource and the link with climate change. Courses are now available to book and we supported 100 learners so far to be accredited during 24-25. See https://waterliteracy.uk/ .

Strategic objectives

The Strategic Framework 2023 – 2035 provides the context for the business plan and lays the foundations for the direction of travel. The strategic framework provides a valuable roadmap for the trust to navigate challenges, set clear objectives, and make informed decisions, delivering a lasting and positive impact on both

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025

communities and nature. It enables us to undertake a systemic approach to identifying and capitalising on opportunities, ensuring alignment with long-term goals and maximizing success.

Our success and sustainability are based on our ability to deliver a range of community and environmental outcomes, whilst delivering value for money services. We recognise that this is a considerable challenge in a very competitive market with shrinking public sector funds, that to grow our reach and impact, we must focus on generating more services and diversifying our income. In doing so, we can reach more people, grow our reserves to build resilience, and ultimately be more ambitious in rising to meet the growing and interconnected societal and environmental challenges our communities face.

We recognise that the delivery of our services can have an impact on the climate crisis and we are committed to managing and reducing the emissions and wider environmental impacts arising from our own activities. Groundwork East has therefore committed to reach Net Zero before the government’s current target of 2050.

We want to be able to demonstrate that over time we have been able to shift the dial and link the work we do to delivering long term positive impact for nature and communities. In order to be able to do this we need to be a financially resilient organisation that is known and trusted in our communities for our skills, knowledge, professionalism and integrity. The trust wants to be able to effectively assess and leverage opportunities and adapt to changing market dynamics. This proactive approach will have fostered innovation, collaboration, will have driven growth and positioned the trust for long-term success/impact in a rapidly evolving landscape.

The Trust set out the following organisational objectives in its Business Plans:

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

We continue with the transition to and enhancement of our cloud-based systems with a focus on secure and efficient management of data.

FINANCIAL REVIEW

Review of financial activities

The result for the year is shown in the statement of financial activities on page 17 as a net deficit of £16,363. (2023/24 net deficit of £15,369). We consider this to be a satisfactory outcome driven by the decision to invest unrestricted reserves in updating our information technology platforms.

Reserves Policy

The Trustees have agreed a reserves policy whereby the charity should aim to hold sufficient reserves (unrestricted funds not represented by fixed assets or designated funds held to cover future planned expenditure) to meet estimated closure costs. This is currently calculated at £450,563.

Actual total reserves were £950,393, of which £349,584 were restricted reserves not available for the general purposes of the Trust. Of the remaining £600,809 unrestricted reserves, £10,016 has been designated by the Trustees for specific purposes. The unrestricted general funds were therefore £590,793, of which £49,051 is represented by fixed assets.

The Trust’s available reserves were therefore £541,742. The Trust has remained in this stable position in recent years and any small excess or shortage in available reserves has only been short term.

The Board has reviewed the designated funds and is satisfied that they are consistent with the needs of the Trust. This policy is reviewed annually by the Board through the Finance sub-committee.

Investment Policy and Performance

The Trustee’s policy is to retain any short-term surplus funds, including designated and restricted funds, in interest-bearing bank accounts. The Trust is mindful of the Financial Services Compensation Scheme limit when investing outside of our core banking relationship. Investment performance was satisfactory.

Fundraising

Groundwork East has not traditionally engaged in public fundraising. During 2024/25 the Trust did not engage any external, professional fundraisers. Projects are funded through formal bids, tenders and contracts. Donations totalled £24,493 in 2024/25 which included a gift in kind of £24,000 by way of waived rent.

Funding sources

The Directors would like to thank the many organisations who have supported the Trust’s work. Groundwork East received funding for projects from Groundwork UK, other charities, local authorities, central government, private sector companies, housing associations, town and parish councils and schools throughout the East of England.

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025

We are thankful to all of our funders, partners and supporters that made 2024/25 so successful. A selection of these are as follows: Martin Laing Foundation, Suffolk County Council, The Belstead Ganzoni Charitable Settlement, Innovate UK, Clan Trust, Charles S French Charitable Trust, The Francis Winham Foundation, The Scarfe Charitable Trust, National Highways Social Value Fund, Huntingdonshire District Council, Rural Payments Agency Water Restoration Fund, Northaw and Cuffley Parish Council, Cambridgeshire Skills, North Hertfordshire Council, Anglian Water, Essex County Council, East Suffolk Council, Wellfield Trust, the various Community Foundations across our geography, Urban and Civic, Mills and Reeves and many others.

PLANS FOR FUTURE PERIODS

As an organisation delivering in local communities but with regional / national scale and strategic stake-holder links, Groundwork is well placed for further delivery of its charitable mission. In order to respond to future opportunities Groundwork East will be required to change and improve in three ways:

Summary

2024/25 was a successful year for Groundwork East. Efforts to diversify our work are continuing to show success and we are looking forward to benefitting from Groundwork UK’s work to improve fundraising and impact measurement across the Federation.

From February 2024, the Chief Executive of Groundwork East, Carolyn Reid, has led the development of a Strategic Framework for the Trust, aligning it to the work of the Federation, setting our local priorities for the future and establishing longer term impact measurements.

Our Operational Action Plans provide clear direction for low risk, organic growth as each team is looking to build on its success to date and extend the breadth of its service offering across our region.

There is robust governance in place, and a sound framework of rules, policies and practices that guide decision-making, ensure accountability and promote transparency.

The East of England has diverse landscapes and faces environmental challenges such as coastal erosion, water scarcity and drought and, conversely, flooding. It has vibrant cities with renowned universities and technology sectors along with strong agricultural industry. However, economic disparities and social challenges persist, exasperated by the cost of living crisis. Overall, the area offers natural beauty, economic opportunities and social complexities. As such, our plans for the future are based on continuing to strengthen our relationships in the public sector, while also looking more actively for opportunities within the private sector. By exploring new avenues and collaborations, we are looking to open up opportunities to build more sustainable communities and support a just transition to Net Zero.

We have been a valued community asset since 1985 and are redoubling our efforts in 2024/25 to meet increasing needs from all sections of society.

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The company is registered as a charitable company limited by guarantee. The company is constituted under a Memorandum of Association and is a registered charity (number 293141).

Reference and administrative details for the Charity are provided on page 1 of the financial statements.

Method of Appointment and Election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Trustees are recruited by advertisement and contacts with partner organisations.

Trustees serve for a period of three years from the date of their appointment. On expiration of their term of office they will be eligible for reappointment for a further three-year term (up to a maximum of three consecutive terms) by majority decision of the remaining Trustees. If a Trustee has served three consecutive terms they must retire from office at the end of their third term of office and will only be eligible for reappointment if at least one year has elapsed since their retirement. The Trustees have the power by a 75 per cent majority of those present and entitled to vote at the meeting to extend a Trustee’s period of office (and shall in their absolute discretion decide the period of extension) and to waive the requirement for one year to elapse before a Trustee may be eligible for reappointment.

New directors are provided with structured induction training at the Trust offices. Other training needs are identified on an ongoing basis.

Professional Indemnity insurance is purchased at a cost to the charity to protect the charity and its Trustees.

All Trustees give of their time freely and no director received remuneration in the year. Details of Trustees' expenses are disclosed in note 10 to the accounts.

Organisational Structure and Decision Making

The Directors meet up to four times per year to review strategy and performance and to set operating plans and budgets. Two sub-committees also meet regularly to deal with functions delegated by the Board of Directors: the Finance, Audit and Risk sub-committee; and the Business Development sub-committee.

The day to day running of the Trust is managed by the Chief Executive, supported by the Finance Director and Operations & Development Director, who refer to the Board for guidance as and when required.

The Trust operates a salary scale. The pay of all staff is reviewed annually. The Finance, Audit and Risk sub-committee agrees the terms of the review on behalf of the Board. The Chief Executive’s pay is reviewed by the Chair in liaison with a pay review committee. The pay of the other members of the Leadership Team (Finance Director, Operations & Development Director and HR Manager) is agreed by the Finance, Audit and Risk sub-committee following recommendations from the Chief Executive.

Employees are consulted in a variety of ways through the following structures: a Staff Consultation group, monthly one to one meetings, regular team meetings, an annual staff survey and an annual staff conference. Through these structures, consultation around Trust development and policy changes is undertaken allowing

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025

all staff an active role in formulating the Trust's future. The compilation of the Trust business plans are contributed to by a wide range of staff.

Related Party Relationships

Details of related party transactions are given in note 17 in the financial statements.

Risk Management

The Finance, Audit and Risk sub-committee reviews a formal risk register at each meeting as a standard agenda item. Risks are scored from 1 to 5 in terms of “likelihood” and from 1 to 5 in terms of “impact”. The two scores are then multiplied to achieve an overall score. The Finance, Audit and Risk sub-committee reviews progress against agreed actions, monitors changes in internal / external circumstances and is vigilant in terms of new risks. The Chair of the sub-committee reports any significant risk issues at Board meetings. The other sub-committee and any working groups provide input on the risks relevant to them.

Risk assessment of projects takes place under the management of leadership team, led by the Operations & Development Managers. A project risk register captures project risks and mitigating actions. A formal checklist is used on site for all projects and risk assessments accompany all tenders. Projects considered to be higher risk are referred to the Leadership Team and reported to the Finance, Audit and Risk sub-committee under a standing agenda item.

The Chief Executive is expected to report to the Board on any significant new or increased risk that falls outside the parameters of these processes. The Board is satisfied that systems are in place to manage the Trust’s exposure to risk.

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GROUNDWORK EAST (A Company Limited by Guarantee)

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Trustees' responsibilities statement

The Trustees (who are also directors of Groundwork East for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

This report was approved by the Trustees on 18[th] July 2025 and signed on their behalf by:

Patrick Hughes, Chair

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GROUNDWORK EAST

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GROUNDWORK EAST FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Groundwork East (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities incorporating Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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GROUNDWORK EAST (A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GROUNDWORK EAST (continued) FOR THE YEAR ENDED 31 MARCH 2025

Other information

The other information comprises the information included in the Trustees’ Annual Report, other than the financial statements and our Auditor’s Report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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GROUNDWORK EAST (A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GROUNDWORK EAST (continued) FOR THE YEAR ENDED 31 MARCH 2025

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

15

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GROUNDWORK EAST (continued) FOR THE YEAR ENDED 31 MARCH 2025

Auditor’s responsibilities for the audit of the financial statements (continued)

A further description of our responsibilities is available on the Financial Reporting Council’s website at https://www.frc.org.uk/auditorsresponsibilities This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jolene Upshall (Senior Statutory Auditor)

for and on behalf of

Mercer & Hole LLP 72 London Road St Albans Hertfordshire AL1 1NS 

14/08/2025

16

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account) for the year ended 31 March 2025

Notes
Income from
Donations & Legacies
3
Charitable Activities
4
Investment Income
5
Other Income
6
Total Income
Expenditure on
Charitable Activities
7
Total Expenditure
Net Operating Income Before Transfers
Transfers Between Funds
19
Net Movement in Funds
Reconciliation of Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Fund £
24,493
1,777,608
15,331
13,067
1,830,499
1,832,341
1,832,341
(1,842)
(2,665)
(4,507)
605,316
600,809		 Restricted
Funds £
-
716,407
-
-
716,407
730,928
730,928
(14,521)
2,665
(11,856)
361,440
349,584
2025		 Total Funds £
24,493
2,494,015
15,331
13,067
2,546,906
2,563,269
2,563,269
(16,363)
-
(16,363)
966,756
950,393		 2024
Total Funds £
24,493
2,519,820
8,185
7,000
2,559,498
2,574,867
2,574,867
(15,369)
-
(15,369)
982,125
966,756

The notes form part of these financial statements

Page 17

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

BALANCE SHEET

at 31 March 2025

Notes
£
£
Fixed assets
Tangible Assets
12
398,083
Current Assets
Debtors
13
601,528
Cash at bank
493,678
1,095,206
Creditors
Amounts falling due within one year
14
(512,897)
Net Current Assets
582,309
Total Assets less Current Liabilities
980,393
Provisions for Liabilities
15
(30,000)
Net Assets
950,393
Funds
Unrestricted funds
600,809
Restricted funds
349,584
Total Funds
950,393
2025		 £
£
434,697
651,140
608,722
1,259,862
(702,804)
557,058
991,756
(25,000)
966,756
605,316
361,440
966,756
2024		 £
£
434,697
651,140
608,722
1,259,862
(702,804)
557,058
991,756
(25,000)
966,756
605,316
361,440
966,756
2024
991,756
(25,000)
966,756
605,316
361,440
966,756

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 on 18th July 2025 and signed on its behalf by:

Patrick Hughes - Chair of Trustees

The notes form part of these financial statements

Page 18

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

CASH FLOW STATEMENT

for the year ended 31 March 2025

Cash flows from operating activities
Cash (used in)/generated by operating activities
17
(133,059)
Net cash provided by (used in) operating activities
(133,059)
Cash flows from investing activities
Investment income received
15,331
Proceeds from the sale of tangible fixed assets
11,985
Purchase of tangible fixed assets
(9,301)
Net cash provided by (used in) investing activities
18,015
Change in cash and cash equivalents in the reporting period
(115,044)
Cash and cash equivalents at the beginning of the reporting period
608,722
Cash and cash equivalents at the end of the reporting period
493,678
2025		 65,023
65,023
8,185
2,000
(66,090)
(55,905)
9,118
599,604
608,722
2024		 65,023
65,023
8,185
2,000
(66,090)
(55,905)
9,118
599,604
608,722
2024
9,118
599,604
608,722

The notes form part of these financial statements

Page 19

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. Statutory Information

Groundwork East is a private company limited by guarantee. The charity's registered company number, registered charity number, registered office and the nature of its activities can be found in the Trustees Report.

The presentation currency of the financial statements is Pounds Sterling (£). The level of rounding in the accounts is to the nearest pound.

2. 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 2023)', 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.

Critical accounting judgements and key sources of estimation uncertainty

No critical accounting judgements have been made in the process of applying the accounting policies below.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going concern

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. Future forecasts and business plans have been considered in coming to this conclusion.

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.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and refer to the Trustees' Report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Project funding which is received in the form of grants is recognised as restricted income in the period in which it is received, unless it is subject to conditions in which case it is deferred until the conditions are met.

Project funding which is received in the form of contracts is recognised as unrestricted income. Where contract income has been received but the related services have not been performed by the year end, the balance is carried forward as deferred income.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

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 costs 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.

The notes form part of these financial statements

Page 20

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

2. Accounting policies - continued

Tangible fixed assets

All assets costing more than £1,000 are capitalised.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: estimated useful life.

Leasehold building: over the term of the lease
Motor vehicles 25.0% straight line
Fixtures and fittings 20.0% straight line
Computer equipment 33.3% straight line

Fixed Asset Investments

Investments are stated at fair value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations throughout the year. All gains and losses are calculated at the difference between the market value at the balance sheet date and the opening market value ( or purchase value if the date is later).

Taxation

The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010. It therefore meets the definition of a charitable company for UK corporation tax purposes.

Fund Accounting

General funds are unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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. The cost of raising and administering such funds are charged against the specific fund.

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

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Pensions

The charity operates to a defined contribution pension plan on behalf of all qualifying staff to Groundwork Easts Aegon pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. The assets of the scheme are held separately from those if the charity in an independently administered fund.

3. Donations & Legacies
Donations		 Unrestricted
Funds £
24,493		 Restricted
Funds £
-
2025		 Total Funds £
24,493		 2024
Total Funds £
£
24,493

Donations include a gift in kind of £24,000 (2024 - £24,000) by way of rent waived during the year.

The notes form part of these financial statements

Page 21

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

4. Income from Charitable Activities
Central Government
Local Authorities
Education and Skills Funding Agency
Charitable Trusts and Foundations
Private Sector
Housing Associations
Groundwork UK
National Lottery
Grants and Contracts
5. Investment Income
Bank interest receivable
6. Other Income
Profit on disposal of tangible fixed assets
Sundry income
7. Charitable Activities Costs
Direct project expenses
Project delivery staff cost
Support & Governance		 Unrestricted
Funds £
20,493
1,139,009
67,764
110,036
199,407
3,000
237,899
-
1,777,608
Unrestricted
Funds £
15,331
Unrestricted
Funds £
11,985
1,082
13,067		 Restricted
Funds £
7,500
298,574
9,942
133,992
34,863
-
231,536
716,407
Restricted
Funds £
-
Restricted
Funds £
-
-
-
2025
2025
2025		 Total Funds £
27,993
1,437,583
77,706
244,028
234,270
3,000
469,435
-
2,494,015
Total Funds £
15,331
Total Funds £
11,985
1,082
13,067
2025
Total Funds £
401,457
1,386,260
775,552
2,563,269		 2024
Total Funds £
198,484
1,355,872
104,221
234,167
225,289
15,055
381,012
5,720
2,519,820
2024
Total Funds £
8,185
2024
Total Funds £
2,000
5,000
7,000
2024
Total Funds £
287,914
1,254,466
1,032,487
2,574,867

In 2025 the expenditure on charitable activities was £2,563,269 (2024: £2,574,867) of which £1,832,341 (2024: £1,943,989) was expenditure from unrestricted funds and £730,928 (2024: £630,878) was expenditure from restricted funds.

The notes form part of these financial statements Page 22

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

8. Support Costs
Rent and rates
Communications
IT expenses
Training and recruitment
Marketing, publicity and advertising
Sundries
Insurances
Motor vehicle costs and mileage
Professional fees
Board Expenses
Wages and salaries
National Insurnace
Pension Cost
Depreciation
9. Auditor's Remuneration
Auditor's Remuneration		 Support office
costs £
72,141
10,670
127,802
24,013
16,511
61,026
35,404
20,356
63,064
-
257,549
22,642
14,431
29,924
755,533
Unrestricted
Funds £
9,180		 Governance
costs £
-
-
-
-
-
-
-
-
9,180
1,344
8,300
730
465
-
20,019
Restricted
Funds £
-
2025
2025		 Total £
72,141
10,670
127,802
24,013
16,511
61,026
35,404
20,356
72,244
1,344
265,849
23,372
14,896
29,924
775,552
Total Funds £
9,180		 2024
Total £
90,682
10,070
77,644
26,334
13,894
63,873
30,380
25,610
64,370
1,077
526,075
40,420
29,480
32,578
1,032,487
2024
Total Funds £
9,000

10. Trustees' remuneration and benefits

None of the trustees (or any persons connected with them) receieved any remuneration during 2025 or 2024.

During the year ending 31 March 2025 2 trustees received £ 676 in reimbursemenet of expenses (2023 2 trusteees received £283 reimbursement of expenses).

The notes form part of these financial statements Page 23

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

11. Staff costs
Wages and Salaries
Social security costs
Pension costs
The average monthly number of employees during the period was as follows: 51
The average monthly full time equivalent (FTE) during the period was as follows:
Charitable Activities
Support and governance		 2025
1,444,219
126,965
80,925
1,652,109
2025
36
7
43		 2024
1,571,706
120,760
88,075
1,780,541
2024
38
8
46

The key management personnel of the charity comprise the Chief Executive, FInance Director and Operations & Development Director. The total employment benefits including employer pension contributions and employer national insurance contributions of key management personnel were £ 170,291 (2023 £235,687).

Employees with emoluments (emoluments include salaries and taxable benefits, but not employer pension costs) over £60,000 were as follows:

follows:
2025 2024
£60,001 - £70,000 1 -
£70,001 - £80,000 - -
£80,001 - £90,000 1 1

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those if the charity in an independently administered fund. The pensions cost charge represents contributions payable by the charity to the fund and amounted to £80,925 (2024 - £88,075). Contributions totalling £ 11,735 (2024 £12,585) were payable to the fund at the balance sheet date and are included in creditors.

12. Tangible fixed assets

12. Tangible fixed assets
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charge for year
on disposals
At 31 April 2025
Net book Value
At 1 April 2025
At 1 April 2024		 Land and
buildings £
372,297
-
-
372,297
21,274
10,637
-
31,911
340,386
351,023		 Motor
Vehicles £
166,821
-
(39,646)
127,175
132,980
15,122
(39,646)
108,456
18,719
33,841		 Furniture,
fittings and
equipment £
146,570
9,301
(2,384)
153,487
96,737
19,631
(1,859)
114,509
38,978
49,833		 2025
685,688
9,301
(42,030)
652,959
250,991
45,390
(41,505)
254,876
398,083
434,697		 2024
645,221
66,090
(25,623)
685,688
225,666
50,946
(25,621)
250,991
434,697
419,555

The notes form part of these financial statements

Page 24

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

13. Debtors: amounts falling due within one year

13. Debtors: amounts falling due within one year
Trade Debtors
Other debtors and prepayments
Accrued income
14. Creditors: amounts falling due within one year
Trade Creditors
Other taxation and social security
Deferred income
Other Creditors
Accruals
Deferred income: project income
Defered income at 1 April 2024
Resources deferred during the year
Amounts released from previos years
Deferred income at 31 March 2025
15. Provisions
Provisions		 2025
342,378
88,154
170,996
601,528
2025
101,657
168,388
179,665
18,083
45,104
512,897
2025
280,336
179,665
(280,336)
179,665
2025
30,000		 2024
485,052
50,902
115,186
651,140
2024
153,247
210,253
280,336
-
58,968
702,804
2024
336,858
280,336
(336,858)
280,336
2024
25,000

A lease is held by Thames Water Utilities Limited and Groundwork East for the land and premises at Mill Green Sewage Treatment Works. A Condition of the lease is that the site must be returned to its original state at the end of the lease, therefore a provision is in place for the costs of the works required.

16. Operating Lease Commitments

2025 2024

At 31 March 2025 the total of the Charity’s future minimum lease payments under non cancellable operating leases was:

Amounts payable:
Within 1 year		 8,253 4,227

The notes form part of these financial statements Page 25

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

17. Reconciliation of Net Movement in Funds to Net Cash Flow From Operating Activities

17. Reconciliation of Net Movement in Funds to Net Cash Flow From Operating Activities
Net income / (expenditure) for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation Charges
Interest on investments
(Profit) on sale of tangible fixed assets
(Increase)/ Decrease in debtors
Increase/ (Decrease) in creditors
Increase/ (Decrease) in provisions
Net cash provided by / (used in) operating activities		 2025
(16,363)
45,915
(15,331)
(11,985)
49,612
(189,907)
5,000
(133,059)		 2024
(15,369)
50,946
(8,185)
(2,000)
(49,463)
89,094
-
65,023

18. Related party disclosures

Some of the Directors of the Trust are also Directors of other companies, trustees of other organisations, employees of other companies or members of Local Authorities with which the Trust has material transactions. However, none of these Directors has a controlling interest or a material beneficial interest in these entities. In the Directors' opinion therefore, they do not fall within the definition of related parties given in the Charities SORP (FRS102) and no separate disclosure of the transactions between the Trust and these entities, which were carried out under normal commercial terms, is required. If one of these Directors has a significant influence in these entities, then transactions between the Trust and these entities are disclosed.

The Trust is related to Groundwork UK, a national umbrella organisation. During the year, Groundwork East received £482,003 (2024 £381,012) from Groundwork UK as funding for projects and paid £1,610 (2024 – £12,546) to Groundwork UK in membership fees and shared email services. As at 31 March 2025, £79,234 was due from Groundwork UK, included in trade debtors (31 March 2024 - £48,993).

19. Movements in funds - current year

19. Movements in funds - current year
Designated Fund - Carbon Reduction
General Funds
Total Unrestricted Funds
Hatfield building
Projects
Total Restricted Funds
Total of funds		 Opening
balance
£
13,197
592,119
605,316
361,439
-
361,440
966,756		 Income
£
-
1,830,499
1,830,499
716,407
716,407
2,546,906		 Expenses
£
(3,181)
(1,829,160)
(1,832,341)
(14,520)
(716,407)
(730,927)
(2,563,268)		 Transfers
£
-
(2,665)
(2,665)
2,665
-
2,665
-		 Closing balance
£
10,016
590,793
600,809
349,584
-
349,584
950,393

The designated fund for carbon reduction represents amounts set aside by the Trustees to explore initiatives for the charity to reduce its carbon footprint. During 2022/23, EV Chargers and Solar Panels were purchased for total of £ 15,900. The EV Charges and Solar panels are being depreciated at 20% straight-line over 5 years.

The restricted fund for the Hatfield building represents funds received as grants for the construction of a new building at Mill Green, Hatfield. The building is being depreciated at straight line over 35 years.

The notes form part of these financial statements

Page 26

Docusign Envelope ID: 0113A9A1-4286-400A-BB73-D08ABB9D758E

GROUNDWORK EAST (company number 01944186)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

  1. Movements in funds - prior year
20. Movements in funds - prior year
Designated Fund - Carbon Reduction
General Funds
Total Unrestricted Funds
New building
Projects
Total Restricted Funds
Total of funds		 Opening
balance
£
15,900
579,662
595,562
386,563
-
386,563
982,125		 Income
£
-
1,948,392
1,948,392
-
611,103
611,103
2,559,495		 Expenses
£
(2,703)
(1,941,285)
(1,943,988)
(25,123)
(605,753)
(630,876)
(2,574,864)		 Transfers
£
-
5,350
5,350
-
(5,350)
(5,350)
-		 Closing balance
£
13,197
592,119
605,316
361,440
-
361,440
966,756

The designated fund for carbon reduction represents amounts set aside by the Trustees to explore initiatives for the charity to reduce its carbon footprint. During 2022/23, EV Chargers and Solar Panels were purchased for total of £ 15,900. The EV Charges and Solar panels are being depreciated at 20% straight-line over 5 years.

The restricted fund for the new building represents funds received as grants for the construction of a new building at Mill Green, Hatfield. The building is being depreciated at straight line over 35 years. Additionally, during the year further clearance costs were identified and charged to the reserve of £9,459.

The notes form part of these financial statements Page 27