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