REGISTERED NUMBER: 03815594 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Earthworks Foundation Limited

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

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

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

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.

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

26 September 2025

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 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

Date: .............................................

TURNOVER

426,740

423,161

Cost of sales

103,448

114,805

GROSS SURPLUS

323,292

308,356

Administrative expenses

501,513

533,592

(178,221

)

(225,236

)

Other operating income

168,093

208,036

OPERATING DEFICIT and

DEFICIT BEFORE TAXATION

(10,128

)

(17,200

)

Tax on deficit

(1,248

)

-

DEFICIT FOR THE FINANCIAL YEAR

(8,880

)

(17,200

)

FIXED ASSETS

Tangible assets

5

7,042

11,826

CURRENT ASSETS

Debtors

6

424,131

420,240

Cash at bank and in hand

36,264

45,068

460,395

465,308

CREDITORS

Amounts falling due within one year

7

(68,346

)

(68,029

)

NET CURRENT ASSETS

392,049

397,279

TOTAL ASSETS LESS CURRENT LIABILITIES

399,091

409,105

CREDITORS

Amounts falling due after more than one year

8

(414,355

)

(415,489

)

NET LIABILITIES

(15,264

)

(6,384

)

RESERVES

Income and expenditure account

(15,264

)

(6,384

)

(15,264

)

(6,384

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 26 September 2025 and were signed on its behalf by:

Mr Jeffrey Davies Lane - Director

Retained

Total

earnings

equity

£

£

Balance at 1 January 2023

10,816

10,816

Changes in equity

Total comprehensive income

(17,200

)

(17,200

)

Balance at 31 December 2023

(6,384

)

(6,384

)

Changes in equity

Total comprehensive income

(8,880

)

(8,880

)

Balance at 31 December 2024

(15,264

)

(15,264

)

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 Various rates, 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 2024 nor for the year ended 31 December 2023.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4.	OPERATING DEFICIT

The operating deficit is stated after charging:

31.12.24

31.12.23

£

£

Depreciation - owned assets

10,305

17,200

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

46,799

30,601

5,600

83,000

Additions

3,000

2,521

-

5,521

Disposals

(975

)

-

-

(975

)

At 31 December 2024

48,824

33,122

5,600

87,546

DEPRECIATION

At 1 January 2024

40,796

24,778

5,600

71,174

Charge for year

5,617

4,688

-

10,305

Eliminated on disposal

(975

)

-

-

(975

)

At 31 December 2024

45,438

29,466

5,600

80,504

NET BOOK VALUE

At 31 December 2024

3,386

3,656

-

7,042

At 31 December 2023

6,003

5,823

-

11,826

6.

DEBTORS

Due within one year

2024

2023

£

£

Trade debtors

7,664

10,644

Prepayments and accrued income

12,380

11,848

VAT

-

494

20,044

22,986

Due after more than one year

Amounts owed by associates

404,087

397,254

404,087

397,254

424,131

420,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

357

7,247

Other taxes and social security

4,557

8,662

VAT

1,020

-

Other creditors

8,254

468

Accruals and deferred income

54,157

51,653

68,345

68,030

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to associates

414,355

415,489

414,355

415,489

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.