SEFF Statement of Financial Activities for the year ended 31 March 2025 Unrestricted Funds 2025 € 98,643 - 1,633 47,626 4830 Restricted Funds 2025 12850 Total Funds 2025 98,643 12,850 1,633 47,626 4,630 Total Funds 2024 INCOMING RESOURCES Donations Grants Released Bank Interest Charity Shop Sales Insurance Claim HM Revenue & Customs - Gift Aid Activities in furtherance of the organisations objectives: Grants Total Incoming Resources RESOURCES EXPENDED Administration expenses Net Income/(Expenditure) for the year Transfers between funds Net Income/(Expenditure) for the year Transfers in/(out) of Reserves Reconciliation of Funds Total funds brought forward Total Funds to Carry Forward 99,774 15,566 284 43,321 3271 802 153,334 1,658,413 1,671,263 1,659,215 1,824,597 1,554,250 1,722,472 (108,843) 11,677,071) (1,785,914) (1,659,431) 44,491 (5,808) 38,683 63,041 44,491 - 265,734 310,225 (5,808) - (7,447) (13,255) 38,683 258,287 296,970 63,041 - 195,246 258,287 All amounts above relate to continuing operations of the charity. The charity has no recognised gains or losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented. 29
SEFF Statement of Financial Position as at 31 March 2025 Employment of Capital Notes Unrestricted Restricted Funds Funds 2025 Fixed Assets Tangible Assets Current Assets Debtors and Prepayments Cash at Bank and in Hand 4 5,010 49,858 5 640 221,668 222,308 461,619 461,619 Current Liabilities Creditors: Amounts due within one year 6 Net Current Assets Total Assets Less Current Liabilities 222,308 227,318 (402,282) 59,337 109,195 Provisions for Liabilities and Charges Deferred Income - Capital Grants 7 - (39,543) Net Assets 227,318 69,652 Funds Unrestricted Funds Restricted Funds 9 9 Total Funds 54,868 640 683,287 683,927 (402,282) 281,645 336,513 (39,543) 296,970 310,225 (13,255) 296,970 Total Funds 2024 70,462 716 391,746 392,462 (153,007) 239,455 309,917 (51,630) 258,287 265,734 (7,447) 258,287 The financial statements were approved by the Directors and authorised for issue on 22 October 2025 and signed on their behalf. E. Broun Mr E Brown 22/1012075 Date Director 1 Navie Mrs S Haire Director 108/0/2025 The notes on pages 32 - 36 form part of these accounts. 30
SEFF Notes to the financial statements for the year ended 31 March 2025 1. Principal accounting policies The financial statements have been prepared in accordance with applicable Accounting Standards. A summary of the more important accounting policies is set out below. Basis of preparation of financial statements The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. SEFF meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Reconciliation with previous Generally Accepted Accounting Practice In preparing these accounts, the Directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. Having considered the key accounting policies it was determined that the prior year figures were not materially impacted. As such, no restatement of comparative figures was required. Incoming resources Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is conditions for legal entitlement have been met. All other income is accounted for on an accrual basis. Resources Expended All resources expended are accounted for on an accrual basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non - staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. Restricted Funds Restricted funds are accounted for in accordance with the particular terms of trust arising from the express or implied wishes of the donors in so far as these are intended to be binding on the charity. Where such wishes are not intended to be binding, they are taken into account and recognised in appropriately designated funds. Unrestricted Free Reserves Free Reserves represent amount which are expendable at the discretion of the trustees in furtherance of the objectives of the charity and which have not been designated for any other purpose. Such funds may be held in order to finance working capital or capital expenditure.
SEFF Tangible fixed assets Depreciation is calculated so as to write off the cost of tangible fixed assets less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates and bases used for this purpose are: - Polytunnels Plant and machinery Fencing and equipment % 25 25 10 Straight Line Basis Reducing Balance Basis Straight Line Basis Government grants Grants that relate to specific capital expenditure are treated as deferred income, which is then credited to the profit and loss account over the related asset's useful life. Revenue grants are credited to the profit and loss account in the same period as the related expenditure is incurred. 2. Auditor and Independent Examiner Payments Auditors Remuneration - audit of the financial statements 2025 € 2,300 2024 2,100 3. Staff Costs Employee Numbers 2025 Number 40 40 2024 Number 41 41 Staff costs (for the above persons: Wages and salaries Social Security Pension Contributions 2025 1,005,659 92,930 56,768 1,155,357 2024 856,918 78,756 49,028 737,661 No employee received remuneration of more than £60,000 in either year. 32
SEFF 4. Tangible Fixed Assets Plant and machinery € 95,985 Cost At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation At 1 April 2024 Charge Disposals At 31 March 2025 Net Book Value At 31 March 2025 At 31 March 2024 95,985 Fencing and Computer equipment equipment 39,362 57,434 763 58,197 75,463 5,130 80,593 39,362 20,036 3,383 23,419 26,820 7,844 34,664 15,392 20,522 15,943 19,326 23,533 30,614 5. Debtors Funding Grants Sundry Debtors VAT Creditors: amounts falling due within one year Sundry Creditors and Accruals Trade Creditors Accruals and deferred income Total 192,781 763 193,544 122,319 16,357 138,676 54,868 70,462 2025 € 640 640 2025 € 193,571 208,711 402,282 2024 239 477 716 2024 123,655 29,352 153,007 33
SEFF 7. Deferred income Capital Grants At 1 April 2024 Received and Receivable Released in year As at 31 March 2025 8. Taxation United Kingdom corporation tax at 19% Current 9. Movement in Funds At the 01/04/2024 Movement In Funds Transfers in/(out) Unrestricted Funds General Funds Restricted Funds Restricted Total Funds 265,734 44,491 (7,447) (5,808) - 282818685 2025 51,630 763 52,393 (12,850) 39,543 2025 € Transfers In Funds - 2024 61,199 5,997 67,196 (15,566) 51,63 2024 € At the 31/03/2025 € 310,225 (13,255) 296,970 34
SEFF 10. Net Movement in Funds, included in the above are follows: Incoming Resources Resources Expended Unrestricted Funds General Fund Restricted Funds Restricted Total Funds 153,334 (108,843) Movement in Funds € 44,491 1,671,263 1,824,597 (1,677,071) (1,785,914) (5,808) 38,683 11. Trustees' Remuneration and Benefits There were no Trustee's remuneration, benefits or loans made during the year ended 31 March 2025. One or more of the Trustees have been reimbursed for approved expenses incurred in connection with the Charity as detailed below: 2025 2024 Total Amount Paid Number of Trustees Reimbursed All of the above payments relate to the reimbursement of travel costs in order to carry out the charity's objectives. 12. Contingent Liabilities A portion of Grants received may become repayable if the company fails to comply with the terms of its letters of offer. 35