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# SHARED ASSETS C.I.C.

## Company limited by guarantee

## Company Registration Number:
07879210 (England and Wales)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 1 June 2024

## End date: 31 May 2025

# SHARED ASSETS C.I.C.

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# SHARED ASSETS C.I.C.

Directors' report period ended 31 May 2025

The directors present their report with the financial statements of the company for the period ended 31 May 2025

Principal activities of the company

The company's principal activity during the year continued to be that of land management services.

Directors

The directors shown below have held office during the whole of the period from
1 June 2024 to 31 May 2025

Mark Walton
Katherine Swade
Louise Armstrong
Simon Ruston
Julia Dawn Beart
Ben Qasim Monks

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 February 2026

And signed on behalf of the board by:
Name: Katherine Swade
Status: Director

# SHARED ASSETS C.I.C.

## Profit And Loss Account

for the Period Ended 31 May 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 302,497 | 448,505
Cost of sales: | ( 53,672 ) | ( 161,836 )
Gross profit(or loss): | 248,825 | 286,669
Administrative expenses: | ( 265,654 ) | ( 256,686 )
Other operating income: | 2,999 | 724
Operating profit(or loss): | (13,830) | 30,707
Interest payable and similar charges: | ( 585 ) | ( 585 )
Profit(or loss) before tax: | (14,415) | 30,122
Profit(or loss) for the financial year: | (14,415) | 30,122

# SHARED ASSETS C.I.C.

## Balance sheet

As at 31 May 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 3,589 | 4,486
Total fixed assets: |  | 3,589 | 4,486
Current assets
Debtors: | 4 | 1,725 | 49,401
Cash at bank and in hand: |  | 110,408 | 84,029
Total current assets: |  | 112,133 | 133,430
Creditors: amounts falling due within one year: | 5 | ( 121,358 ) | ( 120,137 )
Net current assets (liabilities): |  | (9,225) | 13,293
Total assets less current liabilities: |  | (5,636) | 17,779
Creditors: amounts falling due after more than one year: | 6 |  | ( 9,000 )
Total net assets (liabilities): |  | (5,636) | 8,779
Members' funds
Profit and loss account: |  | (5,636) | 8,779
Total members' funds: |  | ( 5,636) | 8,779

The notes form part of these financial statements

# SHARED ASSETS C.I.C.

## Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 February 2026
and signed on behalf of the board by:

Name: Katherine Swade
Status: Director

The notes form part of these financial statements

# SHARED ASSETS C.I.C.

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment - over 5 years

  Other accounting policies

  Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

# SHARED ASSETS C.I.C.

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 8 | 9

# SHARED ASSETS C.I.C.

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 June 2024 |  | 15,367 |  |  |  | 15,367
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 May 2025 |  | 15,367 |  |  |  | 15,367
Depreciation |  |  |  |  |  |
At 1 June 2024 |  | 10,881 |  |  |  | 10,881
Charge for year |  | 897 |  |  |  | 897
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 May 2025 |  | 11,778 |  |  |  | 11,778
Net book value |  |  |  |  |  |
At 31 May 2025 |  | 3,589 |  |  |  | 3,589
At 31 May 2024 |  | 4,486 |  |  |  | 4,486

# SHARED ASSETS C.I.C.

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 1,725 | 44,910
Other debtors |  | 4,491
Total | 1,725 | 49,401

# SHARED ASSETS C.I.C.

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 9,000 | 9,000
Trade creditors | 2,106 | 11,060
Taxation and social security | 11,153 | 11,659
Accruals and deferred income | 99,099 | 88,418
Total | 121,358 | 120,137

# SHARED ASSETS C.I.C.

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 6. Creditors: amounts falling due after more than one year note

|  | 2024
--- | --- | ---
|  | £
Bank loans and overdrafts |  | 9,000
Total |  | 9,000

# COMMUNITY INTEREST ANNUAL REPORT

### SHARED ASSETS C.I.C.

### Company Number: 07879210 (England and Wales)

### Year Ending: 31 May 2025

Company activities and impact

We act to benefit those people and organisations across the UK currently responsible for the use or management of land in ways that provide shared social, environmental and economic benefits, and those who seek to do so in the future. Between June 2024 and May 2025 we undertook the following activities: Undertook research work to: -Develop a ‘how to guide’ with growers to understand Planning Guidance for Rural Enterprise Dwellings on Smaller Scale Horticultural Enterprises in Powys -Develop an organisational monitoring and evaluation framework for The Orchard Project -Compile case studies on how the Healthy Parks Framework could be used by communities in North and South London, to help refine the framework -Investigate the data and information needs of communities who are looking to secure assets in their local areas in partnership with Digital Commons Cooperative -Support the development of a land-matching service for England -Explore collaboration with the Community Land Trust Network on community ownership and stewardship -Support the Cairngorms National Park with advice on sampling methodologies for the delivery phase of a Heritage Horizons project -Uncover the learning from the Farming the Future’s Field-Building Programme to strengthen the land, food and farming movement -Explore the circumstances for and potential of peri-urban farming in Caerphilly on behalf of the council -Summarise the changes in land access due to changes in agricultural subsidies in the UK post-Brexit compared to the previous Common Agricultural Policy framework Undertook consultancy/advice and support work to: -Support community organisations planning to make an application to the UK-wide Community Ownership Fund with pre-application support -Support Granville Community Kitchen to consider options around a land agreement -Hold an event with key stakeholders on using Sheffield’s land to tackle the climate emergency, and report on the outcomes from this event, for Sheffield City Council Undertook movement building work to: -Understand the data needs in housing movements and transform this knowledge into practical tools and strategies for organising, in partnership with Digital Commons Cooperative -Design and deliver a two day national land justice gathering for 55 people working on land justice - and establishing working group structures for this to be collectively organised -Hold regular online ‘land justice learning spaces’ for organisers in the movement -Initiate and coordinate movement-wide strategy process with 20 organisations from across the food, farming and land movement -Connect people to local land justice organising through newsletters and online meet ups -Set up feedback and dreaming calls with people in the land justice movement -Support the development of other organisations working on land justice issues by providing financial information and strategic development support -Co-host the Justice Strand series of talks and workshops at the Oxford Real Farming Conference 2025 Undertook relationships and resourcing work to: -Develop our pitch and offer to land- and wealth-holders to enable them to support and resource land justice work - this is long-term work which will hopefully resource us and the movement into the future.

Consultation with stakeholders

Our stakeholders include funders, research institutions, infrastructure organisations that support land based community businesses, grassroots groups and other organisations advocating for a fairer and more sustainable land system. Our main consultation with stakeholders over this period has included: -A two day residential for individuals who have a coordinating role in the land justice movement -Coordinating working groups to codesign future events and to ensure accountability of / to the wider movement and to ensure that future events address issues of social justice and create systems of care in movement spaces -Holding regular online Land Justice learning sessions which explore how Shared Assets might usefully act as infrastructure to this growing sector of organisations and activists -Regular conversations with peer organisations to develop future collaborative funding ideas and manage joint projects -Holding movement strategy conversations with key organisations to develop a longer term programme to discuss how to work together better across the movement

Directors' remuneration

Mark Walton was an Executive Director during this period and so drew a salary. During this period he was employed on a 0.8 FTE equivalent. Mark Walton was paid a gross salary of £38,705.64 for a four day week as agreed and approved by Non-Executive members of the Board. Ben Monks, a Non-Executive Director, was paid a total of £336.48 on payroll for his time contributing to the organisation’s monthly Finance and Fundraising meeting. He was also paid £450.00 for fundraising advice separate to his Non-Executive Director role. Julia Beart, a Non-Executive Director, was paid a total of £750.00 for facilitation services separate to her Non-Executive Director role. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 February 2026

And signed on behalf of the board by:
Name: Kim Graham
Status: Director