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REGISTERED COMPANY NUMBER: 03011755 (England and Wales)
REGISTERED CHARITY NUMBER: 1079866













Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Earthworks Trust Limited

Earthworks Trust Limited






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1 to 8

Statement of Financial Activities 9

Balance Sheet 10 to 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14 to 26

Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The mission statement of Earthworks Trust is:
To demonstrate, develop and promote knowledge, skills and lifestyles that improve people's quality of life without damaging the local or global environment.

In pursuing this mission, we aim to be a dynamic force for change, creating enjoyable practical learning experiences for environmentally sustainable living.

We have been re-wilding part of this former Ministry of Defence base for the past 28 years, transforming it into a place where people and nature thrive. The Centre is spread across 55 acres of woodland and natural chalk downland.

We are owned by the Earthworks Trust, a charity established in 1995 to set up and operate our site.

We aim to manage our land, our charity and our businesses as working examples of authentic sustainability. We walk our talk and share what we know. We practice and promote sustainability as a process of making decisions which balance economic, social and environmental factors for positive benefit.

We welcome families and schools; professionals and special interest groups; walkers and cyclists on the South Downs Way; children and young people; and simply anyone with an interest in what we do. We hosted over 3,000 school aged young people here every year; over 3,500 adults attending our specialist courses. We have regular volunteering groups who help manage our gardens and grounds. Through our volunteering programmes we provide support to people to create positive mental health outcomes.

We have a variety of enterprise activities which support the delivery of our charitable aims and work in partnership with a number of other organisations and projects to extend the delivery of our mission.

Public benefit
The Charity manages its site, facilities, learning programmes, events, projects and assets to maximise public benefit in the delivery of its mission.

- We deliver learning opportunities for young people and adult learners throughout the year.
- We offer opportunities for volunteers to support the work of the charity in a variety of ways. This includes practical hands-on tasks, support to events, office and administration as well as Trustees and advisors.
- We manage our land, our charity and our businesses as working examples of sustainability.
- We practice and promote sustainability as a process of making decisions which balance economic, social and environmental factors for positive benefit.
- Our 55 acre site - a former Ministry of Defence training base continues to be managed to benefit biodiversity and people.
- Visitors are welcome to enjoy the grounds at no charge.
- We work in partnership with other organsations and projects who share our ethos, values and aims. This includes on site partnerships with SMEs and other charities.
- Our procurement policy is an enabler to support the economy of our locality working with local providers and services.

Our education and learning programmes are in greater demand since last year, with under 18s diversifying to provide a greater variety of different opportunities for small group work and special education seeing a rise in demand. Nature therapy, our outdoor volunteering programme, and adult courses continue to thrive.


Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023

ACHIEVEMENT AND PERFORMANCE
The Charity maintains the land and property at the Sustainability Centre and its receipts consist mainly of rent; covenanted donations from the South Downs Natural Burial Site; and donations from other charities, grant giving organisations and individuals.

A number of significant capital projects remain in development as they will rely heavily on successfully attracting external grant aid or funding.

There is a pressing need to undertake major capital improvement works to our main building to repair, improve facilities and update services. We continue to invest in reducing our energy and CO2 consumption and footprint.

Key Activities
This year has seen The Sustainability Centre focus on moving from surviving to thriving. The major eco retrofit works to extend our overnight accommodation facilities was completed and fully opened to guests and groups.

Partnership working and delivery of services in partnership with others enabled us to develop and deliver some outreach and online services.

We have reviewed our priorities and strategic plan.

Responding to Changing Times
In 2019 we launched with key components of:
- Transforming a derelict building into the South Downs Eco Lodge.
- Creating a New Learning Centre from our Administration Building.
- Expanding our services and programmes.

In 2020/2021, we succeeded in achieving the first of these steps and are delighted to have our South Downs Eco Lodge Bed and Breakfast up and running. The feedback from guests shows that we are offering something special to walkers/cyclists and people seeking a retreat from the hustle and bustle of everyday living.

The next step in our long-term plan was to create a New Learning Centre. The costs of doing this has spiralled and it looks as if we would need to raise £3.5 million to make it happen. This made us sit and think - "is this really what we should be doing?"

The experience of living through and surviving the lockdown associated with the pandemic has had a big impact on all of our lives. Many people, organisations and communities have re-examined how we live and work as well as the importance of nature and wild spaces.

There is also a growing awareness of the challenges of a rapidly changing climate and resource tipping points that are being breached. It is obvious that we need to find a better balance in harmony with nature.

A New Direction
With this broader context in mind, we have re-examined ourselves and what we can do to support this wider need for change. We recognise that being a dynamic force for change and a beacon for sustainability in the south-east of England does not necessarily entail a physical landmark of an exemplar natural building that our New Learning Centre aspired to deliver.

What we do know is that the work we do and the services that our Charity offers have the greatest potential to affect real change in people's lives.

The special qualities of our 55 acre site supports the experience of all that we do here, so finding a balance between numbers of visitors and their physical impact on our land also deserves careful consideration too.

The Solution

Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023

We quickly realised that by diverting our resources to a fundraising campaign to raise £3.5m to achieve this state-of-the-art building, we would miss out on opportunities to be a dynamic force for change. So we put our creativity to work and have come up with a much better solution.

By changing the internal layout of our existing building, we can create enough space with the existing building footprint to provide the additional classroom, community spaces, exhibition and interpretation areas we need. This will reduce the cost of the building project dramatically and largely avoid the need for disruptive site works.

Governance
- Welcomed new Trustees to The Board to broaden skills and expertise available to the Charity.
- Acknowledged the valuable contribution made by Chair and Vice Chair of the Board as well as the Executive Committee.
- Continued to deliver quality outputs in accounting and reporting to the Board of Trustees.
- Continued to maintain high standards of scrutiny and management of the Charity and its associated enterprises and assets.

Social
- Continued to support and deliver learning opportunities in an imaginative and creative way to deliver the aims of the charity.
- Enabled and supported teachers and learners to gain new skills and understanding of sustainability.
- Offered a quality experience to volunteers.
- Offered training opportunities for adults through our courses programme.
- Provided a quality bespoke service to bereaved families seeking natural burials.
- Worked in partnership with others to achieve shared goals and develop mutual interests.
- Welcomed groups and individuals to enjoy our campsite with full unrestricted service resumed.
- Attended a variety of community and business events, both in person and online to showcase the Sustainability Centre and eco retrofit works.
- Supported the learning and development of our own staff and volunteers.
- Continued to maintain and develop partnership working both on-site and off-site with enterprises and small businesses that enhance the aims of the charity.

Environmental
- Continued to manage our site to maintain and enhance its biodiversity.
- Provided opportunities for people to appreciate the natural beauty of our site and surrounding area of the South Downs National Park.
- Worked in Partnership with South Downs National Park to support projects and initiatives through their Sustainable Communities Grant Fund.
- Offered advice to community projects and other organisations about organisational development, practical solutions and retrofit of the built environment.
- Provided access to visitors to our 55 acre site.
- Continued to maintain consideration of the impact of our own activities on the local and global environment.

Capital Improvement Programme
- Our planned programme of capital improvements works continues to move forward with one major building still needing a complete update and refurbishment. Major capital works to the South Downs Eco Lodge were completed in 2022. A new focus of priorities informs and guides our next phase of capital building works in line with responding to changing times.

Training and Development
- Training and skills development in the environmental and sustainable development sector continues to be an important area.
- Demand for bookings for schools, courses and bushcraft activities continues. The underlying trend continues to show a steady demand.
- The John Muir Award programme continues to be delivered here and is a flagship for the South Downs National Park.
- Additional wellbeing programmes have been provided to small groups of adults and young people.
- We continue to develop partnerships and networks to support our specialist and short residential courses.

Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023


Growth and Development
- Under 18s education programme continues to be much in demand both for day visits and residential courses. Our priority capital improvement project seeks to respond to this need by providing a dedicated under 18s learning zone.
- The Young Natural Ambassadors Programme continues to be supported by a bursary to support the training of under 25s. Additional funding continues to be sought to extend this much valued programme.
- Our programme for adult learning has been further developed so we are able to offer a greater variety of short courses. Online bookings and improved marketing support high levels of bookings.
- Accommodation bookings continue to show a steady demand. The completion of the eco retrofit of the east wing of The South Downs Eco Lodge extends the overnight accommodation options for groups, individuals and eco tourism and delivers on an important element of our vision for growth.

- An integrated marketing and promotional strategy continues to foster shared marketing across the organisation has been achieved. Our website continues to be designed and administered in-house and grows alongside our own development.

Partnership working
The Sustainability Centre continues to work in partnership with a number of organisations that are housed on site to extend the reach of our own capacity. Their aims and key activities contribute something significant in addition to our own activities and programmes. We nurture and support the development of small businesses who share our ethos and values.
- Fitzroy Rural Skills Project - a social enterprise project to engage adults with learning disabilities in practical work-based activities.
- Beech Café - Organic, fair-trade café and caterers.
- The Greening Campaign - Communities Responding to Challenges of a Changing Climate - our role within this partnership is to lead the retrofit pillar.
- National Energy Foundation - Hampshire Redress Project - piloting Whole House Retrofit Service - our role was to guide and support a legacy service.

South Downs Natural Burials
South Downs Natural Burial Site continues to be a major contributor of funds this year with £392,773 covenanted to Earthworks Trust.

The site is highly regarded and the service given by the staff contributes to the site's recognition as an exemplar.

FINANCIAL REVIEW
Grants and Donations
The Trust has received a number of grants and donations during this period including sponsorship of key events and capital projects. These include:

o Grants from East Hants District Council - £100 volunteer seeds and £1,000 towards smoothie bikes.
o Greening Campaign - £8,750 project deliverables.
o NEF Redress Project - £5,000 project deliverables.
o Gift Aid: £6.25.
o Sustainability Centre Friends £3,587.
o Legacy donation £10,000.


Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023


FINANCIAL REVIEW
Reserves policy
Reserves are managed in accordance with the Reserves Policy of the charity which is integrated into the budget setting and management processes.

The Charity holds the following Funds:

Designated Funds
£187,500 for capital projects held in Co-op deposit account.
£86,600 for 2 months operational reserve. These funds are held in accordance with our policy to hold 2 months operational costs in reserve to ensure financial and operational stability. These funds are held in a Triodos deposit account

Allocated Funds - £118,218
This is allocated for essential future spending to meet future site management and burial commitments arising from pre-sold plots on the South Downs Natural Burials Site. These funds are held in CCLA's charities investment and fixed interest funds.

FUTURE PLANS
The Charity aims to:

o Uphold its core aims and principles going forward.
o Integrate growth and development in a sustainable manner.
o Identify opportunities to develop and showcase its aims in projects/partnerships/programmes.

The principal growth area for the charity in the forthcoming period will be completing a phased capital improvements programme to the built infrastructure. The priority has been identified as the eco-retrofit of our existing education and administration building. Planning approval has been granted for these works. Alongside this, we will need to increase our capacity to raise funds from external sources.

Extending and developing services and partnerships to support well-being and nature therapy services, alongside our immersive education programmes is also prioritised.


Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution

The Earthworks Trust is Charity No. 1079866 governed by a Trust Deed. Earthworks Trust Ltd is a Company No. 3011755 governed by its Memorandum and Articles of Association.

Every new Trustee is provided with copies of these operational documents. No changes in the objectives have occurred since the last annual report. The key objective is environmental education and is enhanced by the many practical demonstration areas on site: eco-renovated and new buildings, renewable technology, the management of conservation habitats and gardens, and woodland restoration.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

Equal Opportunity

The Trustees cover a wide range of ages and skills and we continue to work towards extending a diverse group of individuals, thinking styles and a balanced diversity. The Trustees carry out an audit of skills from time to time and continue to encourage the inclusion of volunteers in the broad mix of skills needed to develop the work. Training is provided to develop the more traditional business, professional and educational skills that are generally provided by the Trustees and staff.

Policies and Risk Management

A handbook providing policy and operational guidance is provided to all volunteers, staff and Trustees. Risk assessments, health and safety, food hygiene and induction training are provided by staff. Funding for training is sought to develop best practice and skills development. As an on-going process, the Trustees, through the Executive Group, assess the level of risk in relation to governance, service delivery, employment, health and safety, child protection, financial management and information management. The Trustees keep under review the major strategic business and operation risks that the charity and company face and ensure that monitoring systems have been established so that the necessary steps can be taken to lessen risks.

Management and Organisation Structure

Management of the Trust, the trading arm of the Earthworks Foundation and South Downs Natural Burial Site, continues in a consolidated fashion. Management of all three entities is done centrally under the umbrella of The Sustainability Centre. The Trustees meet bi-monthly and are responsible for the strategic direction and overview of the work of the Charity. The Chair of the Trust liaises with a senior member of staff in order to oversee the management of the Charity. A nominated Executive Group continues to meet every month to oversee operational management and in turn liaises with the board of Directors and key staff to maintain a close working relationship with the Company and streamline the decision making process.

During this period Jeff Lane continued in his position as the Chair of the Board of Trustees and Colin Hillyer continued as Vice Chair.

Appointment of New Trustees

A skills audit assesses skills and training needs in line with priority activities within the business plan. The appointment of new Trustees is undertaken in accordance with adopted guidelines and procedures. This includes application, induction, probationary period and formal adoption as a member of The Board.

Review of Financial Position
We aim to:
- Be self-funding from our own activities.
- Undertake growth in a sustained and planned manner.

Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023

- Practice and promote sustainability as a process of making decisions which balance economic, social and environmental factors for positive benefit.

The Charity maintains the land and property at the Sustainability Centre. Its receipts consist mainly of:
- Rent receipts for buildings and land occupied by tenant partners.
- Covenanted donations from the South Downs Natural Burial Site.
- Income from Eco Lodge and camping.
- Donations from other charities, grant giving organisations and concerned individuals.

Our dependence on external grant funding remains reduced. However, any expansion of revenue costs remains a challenge and therefore a limitation.

A number of significant projects remain in development as they will rely heavily on successfully attracting external grant aid or funding for capital projects.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03011755 (England and Wales)

Registered Charity number
1079866

Registered office
The Sustainability Centre Droxford Road
Droxford Road
East Meon
Petersfield
Hampshire
GU32 1HR

Trustees
P A Ciniglio Chartered Enviromentalist
H M Clarke Company Director
Ms C Crothers Head Of Procurement (appointed 15.6.23)
Ms K Dejong Governance Projects Advisor (appointed 15.6.23)
C R Hillyer Chartered Engineer - Retired
J D Lane Psychotherapist And Consultant
Ms S E Marshall Retired Accountant
Ms J Mckenzie Reward Manager
P Cox
J R Saulet

Bankers
The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT

Senior member of staff in charge of day to day operations
Ms C M Seaward


Earthworks Trust Limited (Registered number: 03011755)

Report of the Trustees
for the Year Ended 31 December 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are required to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity for the period. In preparing those accounts, the Trustees are required to:

- select suitable accounting policies and then apply them consistently.
- make judgements and estimates that are reasonable and prudent.
- observe the methods and principles in the Charity SORP.
- keep proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity.
- arrange for the preparation of accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in the business name.
- safeguard the assets of the charity and take reasonable steps for the prevention and detection of fraud and other irregularities.

Guiding Principles of Governance

1. Organisational purpose - The board is clear about the charity's aims and ensures that these are being delivered effectively and sustainably.

2. Leadership - Every charity is led by an effective board that provides strategic leadership in line with the charity's aims and values.

3. Integrity - The board acts with integrity. It adopts values, applies ethical principles to achieve the charity's purpose. The board is aware of the importance of the public's confidence and trust in charities. It reflects the charity's ethics and values in everything it does. The trustees undertake their duties with this in mind.

4. Decision-making, risk and control - The board makes sure that its decision-making processes are informed, rigorous and timely and that effective delegation, control and risk assessment and management systems are set up and monitored.

5. Board effectiveness - The board works as an effective team, using the appropriate balance of skills, experience, backgrounds and knowledge to make informed decisions.

6. Equality, diversity and inclusion - The board has a clear, agreed and effective approach to supporting equality, diversity and inclusion throughout the organisation and in it is own practice. This approach supports good governance and delivery of the organisation's charitable purposes.

7. Openness and accountability - The board leads the organisation in being transparent and accountable. The charity is open in its work, unless there is a good reason for it not to be.

Approved by order of the board of trustees on 15 July 2024 and signed on its behalf by:





J D Lane - Trustee

Earthworks Trust Limited

Statement of Financial Activities
for the Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 40,928 44,711 85,639 125,313

Other trading activities 4 8,652 - 8,652 6,767
Investment income 5 410,543 - 410,543 377,830
Total 460,123 44,711 504,834 509,910

EXPENDITURE ON
Charitable activities 6
Charitable activities 368,132 40,485 408,617 312,131

Other 12,463 - 12,463 9,247
Total 380,595 40,485 421,080 321,378

NET INCOME 79,528 4,226 83,754 188,532


RECONCILIATION OF FUNDS
Total funds brought forward 2,663,392 260,042 2,923,434 2,734,902

TOTAL FUNDS CARRIED FORWARD 2,742,920 264,268 3,007,188 2,923,434

Earthworks Trust Limited (Registered number: 03011755)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 2,169,266 51,912 2,221,178 2,213,615
Social investments 14 10,118 91,454 101,572 91,459
2,179,384 143,366 2,322,750 2,305,074

CURRENT ASSETS
Debtors 15 542,127 - 542,127 774,587
Cash at bank 431,392 120,902 552,294 489,692
973,519 120,902 1,094,421 1,264,279

CREDITORS
Amounts falling due within one year 16 (12,729 ) - (12,729 ) (17,729 )

NET CURRENT ASSETS 960,790 120,902 1,081,692 1,246,550

TOTAL ASSETS LESS CURRENT LIABILITIES 3,140,174 264,268 3,404,442 3,551,624

CREDITORS
Amounts falling due after more than one year 17 (397,254 ) - (397,254 ) (628,190 )

NET ASSETS 2,742,920 264,268 3,007,188 2,923,434
FUNDS 18
Unrestricted funds 2,742,920 2,663,392
Restricted funds 264,268 260,042
TOTAL FUNDS 3,007,188 2,923,434

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Earthworks Trust Limited (Registered number: 03011755)

Balance Sheet - continued
31 December 2023

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 and authorised for issue on 15 July 2024 and were signed on its behalf by:





J D Lane - Trustee

Earthworks Trust Limited

Cash Flow Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 107,940 133,253
Net cash provided by operating activities 107,940 133,253

Cash flows from investing activities
Purchase of tangible fixed assets (52,995 ) (77,762 )
Purchase of social investments (10,113 ) (45,602 )
Interest received 17,770 1,760
Net cash used in investing activities (45,338 ) (121,604 )

Change in cash and cash equivalents in the
reporting period

62,602

11,649
Cash and cash equivalents at the beginning
of the reporting period

2

489,692

478,043
Cash and cash equivalents at the end of
the reporting period

2

552,294

489,692

Earthworks Trust Limited

Notes to the Cash Flow Statement
for the Year Ended 31 December 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.23 31.12.22
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

83,754

188,532
Adjustments for:
Depreciation charges 45,432 37,216
Interest received (17,770 ) (1,760 )
Decrease/(increase) in debtors 232,460 (233,071 )
(Decrease)/increase in creditors (235,936 ) 142,336
Net cash provided by operations 107,940 133,253

2. ANALYSIS OF CASH AND CASH EQUIVALENTS

31.12.23 31.12.22
£ £
Change in cash and cash equivalent in the reporting period 62,602 11,649
Cash and cash equivalents at the beginning of the reporting period 489,692 478,043
Cash and cash equivalents at the end of the reporting period 552,294 489,692



3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank 489,692 62,602 552,294
489,692 62,602 552,294
Total 489,692 62,602 552,294

Earthworks Trust Limited

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. 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 2019)', 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.

Preparation of consolidated financial statements
The financial statements contain information about Earthworks Trust Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Changes in accounting policies
There have been no changes to the basis of accounting.

Income and endowments
Recognition of incoming resources
Income from grants, legacies, donations, appeals, fundraising and investments is recognised in the Statement of Financial Activities (SOFA) on receipt providing there are no conditions that would withhold payment outside of the charities control including receipts which are subject to restrictions because potential withholding is in control of the charity.

Incoming resources with related expenditure
Where incoming resources have significant related expenditure (as with fundraising or contract income), the incoming resources and related expenditure are reported gross in the SOFA. Rental income is reported net of collection charges on a receivable basis.

Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual income and performance related grants
This is only included in the SOFA once the related goods or services have been delivered.

Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer help
The value of any volunteer help received is not included in the accounts and is described in the Trustees Annual Report.

Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued


Expenditure and liabilities
Liability recognition
Liabilities are recognised in the SOFA on an accruals basis as soon as there is a legal or constructive obligation committing the charity to pay out resources.

VAT
VAT which cannot be recovered is included with the expense to which it relates.

Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that income and grants are applicable to charitable purposes only.

Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters.

Resource allocation
Resources expended are allocated to particular activities where the cost relates directly to that activity.

Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Assets
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. They are used for charitable purposes.

Depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line method over their expected useful economic lives as follows :

Freehold property and refurbishments at various rates on cost
Plant and machinery at various rates on cost
Outdoor construction at various rates on cost

Investments
Investments in securities are valued at closing realisable prices at the balance sheet date. The difference between opening and closing valuation of securities is realised as a gain or loss in the income and expenditure account.

Funds held by the charity
Funds held are either:

Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Funds held by the charity
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.
Designated/restricted funds - these are funds which can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by a donor or when funds are solicited on the explicit understanding that they will be applied to particular restricted purposes.

Capital grants
Gifts of tangible fixed assets or grants of a capital nature given for specific purposes and fully utilised in the furtherance of the objects of the charity are credited to a relevant restricted fixed asset fund designated for this purpose. The related fixed asset is shown on the balance sheet at the full cost of acquisition and depreciated over the useful life in accordance with the depreciation policy mentioned above. The restricted fund is transferred to general funds on acquisition of the related assets and is not amortised over the life of the assets. Any specific restrictions imposed by the grant making body, beyond use by the charity for the purposes of its normal charitable activities, on use of the assets, is disclosed in the Fixed Assets notes.

2. WINDING UP OR DISSOLUTION OF THE CHARITY

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the remaining accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

3. DONATIONS AND LEGACIES
31.12.23 31.12.22
£    £   
Gifts and Donations 42,842 53,762
Gift aid 6 106
Grants 42,791 71,445
85,639 125,313

Grants received, included in the above, are as follows:

31.12.23 31.12.22
£    £   
Capital grants 37,600 64,045
Revenue grants 5,191 7,400
42,791 71,445


Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. OTHER TRADING ACTIVITIES
31.12.23 31.12.22
£    £   
Fundraising events 35 -
Rent Income 8,617 6,767
8,652 6,767

5. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
From trading subsidiaries 392,773 376,070
Deposit account interest 9,657 1,760
Gain or loss on investment 8,113 -
410,543 377,830

6. CHARITABLE ACTIVITIES COSTS

The charity has no divisable charitable activities, as its sole charitable activity is the maintenance of the grounds. Therefore, reallocation of support and governance costs are not possible.

7. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.23 31.12.22
£    £   
Staff costs 33,808 22,682
Rates and water 5,103 3,860
Insurance 17,391 15,152
Sundries 106 107
Subscriptions 35 80
Repairs and renewals 82,377 150
Fundraising activities 42 665
Legal and Professional Fees 16,285 2,952
Depreciation 45,434 37,216
200,581 82,864

8. GRANTS PAYABLE
31.12.23 31.12.22
£    £   
Charitable activities 208,036 229,267



Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Depreciation - owned assets 45,432 37,216

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2023 or 31 December 2022.

Trustees' expenses

There were no trustees' expenses for the period ended 31 December 2023 or 31 December 2022.

11. STAFF COSTS

31.12.23 31.12.22
£    £   
Salaries 31,700 32,150
Social Securities 1,291 2,048
Pensions 817 984
Total staff costs 33,808 35,182

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Charitable activities 1 1

No employees received emoluments in excess of £60,000 (2022: None).

Key Management Personnel
The total amount of employee benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel for their services to the charity was £33,808, one employee (2022: £35,182, one employee).


Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 61,268 64,045 125,313

Other trading activities 6,767 - 6,767
Investment income 377,830 - 377,830
Total 445,865 64,045 509,910

EXPENDITURE ON
Charitable activities
Charitable activities 244,567 67,564 312,131

Other 9,247 - 9,247
Total 253,814 67,564 321,378

NET INCOME/(EXPENDITURE) 192,051 (3,519 ) 188,532
Transfers between funds (2,542 ) 2,542 -
Net movement in funds 189,509 (977 ) 188,532

RECONCILIATION OF FUNDS
Total funds brought forward 2,473,883 261,019 2,734,902

TOTAL FUNDS CARRIED FORWARD 2,663,392 260,042 2,923,434


Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. TANGIBLE FIXED ASSETS
Freehold Plant and Outdoor
property machinery Construction Totals
£    £    £    £   
COST
At 1 January 2023 2,536,626 178,388 72,611 2,787,625
Additions 50,996 1,999 - 52,995
Disposals - (66,738 ) - (66,738 )
At 31 December 2023 2,587,622 113,649 72,611 2,773,882
DEPRECIATION
At 1 January 2023 327,781 177,801 68,428 574,010
Charge for year 43,511 277 1,644 45,432
Eliminated on disposal - (66,738 ) - (66,738 )
At 31 December 2023 371,292 111,340 70,072 552,704
NET BOOK VALUE
At 31 December 2023 2,216,330 2,309 2,539 2,221,178
At 31 December 2022 2,208,845 587 4,183 2,213,615

14. SOCIAL INVESTMENTS



Shares in
group
undertakings




Investments




Total
£    £    £   
Opening balance 4 91,455 91,459
Additions - 10,113 10,113
Closing balance 4 101,568 101,572

Net book value
Brought forward 4 91,455 91,459
Carried forward 4 101,568 101,572


Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

15. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 51 51
VAT 7,792 543
Prepayments 1,666 14,487
9,509 15,081
Amounts falling due after more than one year:
Amounts owed by group undertakings 532,618 759,506

Aggregate amounts 542,127 774,587

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 6,255 5
Social security and other taxes 573 572
Pensions Payable 144 144
Other creditors - 8,258
Accruals and deferred income 5,757 8,750
12,729 17,729

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.2331.12.22
£   £   
Amounts owed to group undertakings397,254628,190


Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.23 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
General fund 2,663,392 79,528 - 2,742,920

Restricted funds
Burial Site 91,455 - - 91,455
South Downs National Park Grant - roof
replacement

59,516

(2,885

)

(4,716

)

51,915
Capital Improvements 108,731 - - 108,731
Restricted - Various 340 3,096 - 3,436
Diocese of Portsmouth - 4,015 - 4,015
South Downs National Park Grant - cash - - 4,716 4,716
260,042 4,226 - 264,268
TOTAL FUNDS 2,923,434 83,754 - 3,007,188

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 460,123 (380,595 ) 79,528

Restricted funds
South Downs National Park Grant - roof
replacement

-

(2,885

)

(2,885

)
Restricted - Various 3,096 - 3,096
Diocese of Portsmouth 4,015 - 4,015
SDNP-CIL Fund 37,600 (37,600 ) -
44,711 (40,485 ) 4,226
TOTAL FUNDS 504,834 (421,080 ) 83,754


Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
£    £    £    £   
Unrestricted funds
General fund 2,473,883 192,051 (2,542 ) 2,663,392

Restricted funds
Burial Site 56,930 (5,875 ) 40,400 91,455
South Downs National Park Grant - roof
replacement

-

59,516

-

59,516
Capital Improvements 146,589 - (37,858 ) 108,731
Restricted - Various 45,000 (44,660 ) - 340
SDNPA Covid 19 Recovery 12,500 (12,500 ) - -
261,019 (3,519 ) 2,542 260,042
TOTAL FUNDS 2,734,902 188,532 - 2,923,434

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 445,865 (253,814 ) 192,051

Restricted funds
Burial Site - (5,875 ) (5,875 )
South Downs National Park Grant - roof
replacement

62,400

(2,884

)

59,516
Restricted - Various 1,645 (46,305 ) (44,660 )
SDNPA Covid 19 Recovery - (12,500 ) (12,500 )
64,045 (67,564 ) (3,519 )
TOTAL FUNDS 509,910 (321,378 ) 188,532

Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
General fund 2,473,883 271,579 (2,542 ) 2,742,920

Restricted funds
Burial Site 56,930 (5,875 ) 40,400 91,455
South Downs National Park Grant - roof
replacement

-

56,631

(4,716

)

51,915
Capital Improvements 146,589 - (37,858 ) 108,731
Restricted - Various 45,000 (41,564 ) - 3,436
Diocese of Portsmouth - 4,015 - 4,015
SDNPA Covid 19 Recovery 12,500 (12,500 ) - -
South Downs National Park Grant - cash - - 4,716 4,716
261,019 707 2,542 264,268
TOTAL FUNDS 2,734,902 272,286 - 3,007,188

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 905,988 (634,409 ) 271,579

Restricted funds
Burial Site - (5,875 ) (5,875 )
South Downs National Park Grant - roof
replacement

62,400

(5,769

)

56,631
Restricted - Various 4,741 (46,305 ) (41,564 )
Diocese of Portsmouth 4,015 - 4,015
SDNP-CIL Fund 37,600 (37,600 ) -
SDNPA Covid 19 Recovery - (12,500 ) (12,500 )
108,756 (108,049 ) 707
TOTAL FUNDS 1,014,744 (742,458 ) 272,286

Included in unrestricted funds are the following designated funds:

31.12.23 31.12.22
£    £   
General reserves 118,218 72,000
General funds set aside for operational and/or capital costs 86,600 113,254
Major Donor Gift Aid 187,500 187,500

Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

392,318 372,754

The 'Burial Site' fund is all excess funds from South Downs Natural Burial Site Limited that are donated to Earthworks Trust Limited to support the charitable objectives.

The 'Restricted - Various' funds are grants and donations from various sources with restrictions such as the Young Natural Ambassador Programme and the Education Programme. Each donation is spent according to the donors wishes.

The 'South Downs National Park Grant' is a grant towards the Ready Steady Grow programme to provide some new triple glazed windows and a new roof to the Learning Hub.

The 'Capital Improvements' fund is for capital works to buildings and site Infrastructure improvements.

19. RELATED PARTY DISCLOSURES

Amounts owed to group undertakings31.12.2331.12.22
£   £   
Earthworks Foundation Limited
Opening balance 628,190498,860
Committed donations to Foundation in year208,036164,587
Less: Cash transferred during the year(438,972)(35,257)
Closing balance397,254628,190

Amounts owed by group undertakings31.12.2331.12.22
£   £   
South Downs Natural Burial Ltd
Opening balance 758,661540,591
Donations from SDNB392,733376,070
Less: Cash transferred during the year(619,621)(158,000)
Closing balance531,773758,661

Wood4Heat Ltd845845

Earthworks Foundation Limited is a connected company limited by guarantee.
South Downs Natural Burial Site Limited and Wood4Heat Limited are wholly owned subsidiaries of Earthworks Trust Limited.


Earthworks Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

20. ULTIMATE CONTROLLING PARTY

The charity was under the control of the trustees throughout the year.

21. FUTURE COMMITMENTS

31.12.23 31.12.22
£    £   
Within one year 1,391 1,391
Between one and five years 2,087 3,478
3,478 4,869