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REGISTERED NUMBER: 03815594 (England and Wales)













Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Earthworks Foundation Limited

Earthworks Foundation Limited (Registered number: 03815594)






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




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


Earthworks Foundation Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Colin Richard Hillyer
Mr Jeffrey Davies Lane





REGISTERED OFFICE: The Sutainability Centre
Droxford Road
East Meon
Petersfield
Hampshire
GU32 1HR





REGISTERED NUMBER: 03815594 (England and Wales)





ACCOUNTANTS: Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA

Earthworks Foundation Limited (Registered number: 03815594)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

DIRECTORS
The directors who held office during the year were as follows:
Mr Jeffrey Davies Lane
Mr Colin Richard Hillyer

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors 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 company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Jeffrey Davies Lane - Director


17 July 2024

Earthworks Foundation Limited

Report of the Accountants to the Directors of
Earthworks Foundation Limited


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA


27 August 2024

Earthworks Foundation Limited (Registered number: 03815594)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 423,161 394,271

Cost of sales 114,805 88,389
GROSS SURPLUS 308,356 305,882

Administrative expenses 533,592 488,136
(225,236 ) (182,254 )

Other operating income 208,036 167,254
OPERATING DEFICIT and
DEFICIT BEFORE TAXATION (17,200 ) (15,000 )

Tax on deficit - -
DEFICIT FOR THE FINANCIAL YEAR (17,200 ) (15,000 )

Earthworks Foundation Limited (Registered number: 03815594)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,826 24,723

CURRENT ASSETS
Debtors 6 420,240 646,757
Cash at bank and in hand 45,068 49,825
465,308 696,582
CREDITORS
Amounts falling due within one year 7 68,029 62,508
NET CURRENT ASSETS 397,279 634,074
TOTAL ASSETS LESS CURRENT LIABILITIES 409,105 658,797

CREDITORS
Amounts falling due after more than one
year

8

415,489

647,981
NET (LIABILITIES)/ASSETS (6,384 ) 10,816

RESERVES
Income and expenditure account (6,384 ) 10,816
(6,384 ) 10,816

The 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 directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which 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 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 company.

Earthworks Foundation Limited (Registered number: 03815594)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





Mr Jeffrey Davies Lane - Director


Earthworks Foundation Limited (Registered number: 03815594)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Retained Total
earnings equity
£    £   
Balance at 1 January 2022 25,816 25,816

Changes in equity
Total comprehensive income (15,000 ) (15,000 )
Balance at 31 December 2022 10,816 10,816

Changes in equity
Total comprehensive income (17,200 ) (17,200 )
Balance at 31 December 2023 (6,384 ) (6,384 )

Earthworks Foundation Limited (Registered number: 03815594)

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

1. STATUTORY INFORMATION

Earthworks Foundation Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services for the use of facilities including rooms and catering (excluding Value Added Tax), grants received and the value of volunteer labour, adjusted for accrued and deferred income where applicable. The value of volunteer labour is based on the director's best estimates. Grants received from the Earthworks Trust Limited are credited to Turnover to match the costs being financed. Grants received in the form of donated labour are written off.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
Fixtures and Fittings Various rates, Straight Line

Taxation
The company is owned 100% by Earthworks Trust Limited. The profits of Earthworks Foundation Limited are covenanted to Earthworks Trust Limited. Consequently no liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2023 nor for the year ended 31 December 2022.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 22 ) .

4. OPERATING DEFICIT

The operating deficit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 17,200 14,977

Earthworks Foundation Limited (Registered number: 03815594)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 46,799 26,298 5,600 78,697
Additions - 4,303 - 4,303
At 31 December 2023 46,799 30,601 5,600 83,000
DEPRECIATION
At 1 January 2023 28,363 20,011 5,600 53,974
Charge for year 12,433 4,767 - 17,200
At 31 December 2023 40,796 24,778 5,600 71,174
NET BOOK VALUE
At 31 December 2023 6,003 5,823 - 11,826
At 31 December 2022 18,436 6,287 - 24,723

6. DEBTORS

Due within one year20232022
£   £   
Trade debtors10,64412,515
Prepayments and accrued income11,8486,050
Other debtors-2
VAT494-
22,98618,567

Due after more than one year
Amounts owed by associates397,254628,190
397,254628,190
420,240646,757

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20232022
£   £   
Trade creditors7,2473,291
Other taxes and social security8,6624,322
VAT-1,338
Other creditors4681,263
Accruals and deferred income51,65352,294
68,03062,508

Earthworks Foundation Limited (Registered number: 03815594)

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

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

20232022
£   £   
Amounts owed to associates415,489647,981
415,489647,981

9. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

10. ULTIMATE CONTROLLING PARTY

The Company's ultimate controlling party is Earthworks Trust Limited.