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2020-12-31-accounts

Registered Charity Number 1000977

Registered Company Number 02550866

GREEN LIGHT TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

GREEN LIGHT TRUST TRUSTEES’ REPORT AND ACCOUNTS as at 31 December 2020

CONTENTS

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Chair’s report

2020 has been a year of test and challenge for the whole of society and the global pandemic has had a significant impact on Green Light Trust. As 2019 closed Tom and his team were working towards the production of a long-term strategic plan for the charity. As 2020 proceeded and facing the potential of significant disruptions to our face-to-face delivery of support, AIR by Green Light Trust was born. AIR provided online support and contact to those isolated and feeling alone at home, with additional help from The East of England Co-op and our corporate partnerships to get mobile devices to AIR participants, and within just two weeks of the first national lockdown being announced our charity had a fledgling online support package up and running. As trustees, we were able to observe how this service grew and adapted to support the many people who rely upon the charity.

Whilst the turnover of the charity has grown in 2020 to over £1m for the first time in its history, a proportion of this can be attributed to the work required for the charity to respond and adapt to the pandemic. Investment in staff, sites and facilities allowed EARTH (face to face) services to resume as early as possible in 2020. However, at the end of 2020 as a board we agreed to an ambitious but resilient growth plan, as a response to the need for the services it offers. The plan will see the charity respond to meet the increased demand across a wider geographical area. With our work already growing in Norfolk, we have secured funding through a verdant relationship with Norfolk Community Foundation and The Green Recovery Challenge Fund (GRCF).

GRCF funding is contributing to work to help the charity understand and react to ensure our services are inclusive to all. This will build on the work the team has already been undertaking to target our services for more women, and in particular those that are faced with inequalities due to being part of minority ethnic groups. This follows a significant piece of work completed by the team, trustees, and wider stakeholders of the trust to define our vision and values. Launched early in 2021 I am proud to be involved with an organisation that describes its vision as a society where everyone has equitable access to the power of nature. This vision is better explained in the sketch note on page 12 of this report.

Strong financial management throughout the year has allowed the charity to maintain a robust balance sheet in the face of significant financial challenges. We have appreciated the support and assistance from our many funders during the year. Many of whom have allowed us to repurpose funds to deliver our services differently and develop new ones. One of these areas being the support we now provide directly to people aged 16-25 with an Educational Health Care Plan.

Real partnerships have always been at the heart of what GLT does best. The growth in our turnover has coincided with our work to enable other organisations to grow and work together towards our vision. Our schools wellbeing programmes are good examples of how we are helping to shape a more effective and valuable third sector by acknowledging other organisations specialist skills and funding them to deliver their interventions and support. We recognise that GLT can not be all things to all people and we want to help others offer the diversity of support to achieve our vision.

We have worked very differently with people in 2020, with much of our work adapting and responding at pace to presenting needs. We supported a total of 1,969 people in 2020, which is an increase on the previous year. Numbers for working with Children and Young people grew to 1,308, largely due to our schools wellbeing work (1,104 in 2019). The fall in numbers of adults to 661 in comparison to 780 in 2019 is indicative of other changes to our services and the pressures of the pandemic. Many of the referral routes for our adult participants were paused for large periods of the year as their face to face were suspended, as these services opened to the more vulnerable members of our society, we saw a big increase in demand. As a board we are proud the team have managed to support the most vulnerable and at risk of our participants with face-to-face programmes continuously since June 2020. We know that this support has literally saved lives.

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Work with The University of Essex to understand, measure and demonstrate our impact led to the publication of a peer-reviewed paper in the International Journal of Environmental Research and Public Health in October. This research has influenced the charity to adjust and refine the way we support the people we work with. A new programme called Enablement has been introduced to support the progression of people who build resilience in our support programmes. This programme moves participants into a programme of longer engagement with reducing input from our staff. Enabling participants to stay on track to their recovery, leads to the significant savings to public services and contributions to the economy recorded in this pioneering research. This figure being up to £14,500 for one participant in year 1 alone.

The growth and impact of the charity is testament to the hard work of Tom and the team, which has grown in 2020 and into 2021. New staff members such as registered mental health nurses, conservation facilitators and youth workers have brought additional talent to this team. Importantly we have added to senior leadership of the charity. In early 2021 Lauren Shand has joined the team as our Operations Director coming through a rigorous and very competitive recruitment process, which myself and three other members of the board were involved in.

The board are confident Green Light Trust are now entering a very exciting moment in its development. As a resilient, innovative, and adaptable organisation we are grateful for all the hard work of our staff volunteers and participants during 2020. But we are especially excited to see the trust realise its potential under its current leadership. We would like to thank again our supporters, our funders, our partners and mostly our participants and our team in The Green Light Trust for the past year.

Signed on behalf of the Board Caroline Bixby Chair of Trustees

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Structure, governance and management

The Green Light Trust is a charitable company limited by guarantee (registered charity number 1000977; company number 02550866) and is governed by its Memorandum and Articles of Association.

Registered office

The Foundry Bury Road Lawshall Suffolk IP29 4PJ

Patron Mark Pendlington

Governing body

The governing body is the Board of Trustees (referred to as Board).

Board sets policy and is responsible for the conduct of the Charity’s affairs and for ensuring it operates in accordance with its Memorandum and Articles of Association. The Charity operates two committees with specific roles, each reporting directly to the Board. The Board and the Committees meet four times each year.

The Board comprises:

Chair: Caroline Bixby (nee Cotterell) (elected 16 June 2020) David Farrow (vacated 16 June 2020) Vice Chair: Douglas Field (appointed 15 December 2020, elected 15 June 2021) Jason Joseph (elected 28 September 2020, resigned 15 June 2021) Clare Rose (vacated 28 September 2020) Treasurer: Jane Crumpton-Taylor Trustees: Louisa Brewster Simon Isaac (appointed 25 March 2020) Jules Pretty (appointed 25 March 2020; resigned 29 April 2021) Mark Pritchard

The Finance Committee reviews financial policies, performance, the financial plan and the internal and external audit processes. Finance Committee comprises Jane Crumpton-Taylor (Committee chair), David Farrow, Tom Brown (CEO) and Alison Bone (Finance Manager)

The Governance and Human Resources Committee oversees staff and volunteer policies including remuneration and health and safety. It also considers the overall approach to risk management with oversight of a detailed risk register. The Committee is responsible for assessing the skills and experience of the current trustees and understanding any skill gaps to be addressed. Remuneration of senior personnel is reviewed and set by this Committee by reference to the external environment, organisational performance and affordability. Governance and Human Resources Committee comprises Mark Pritchard (Committee chair), Caroline Bixby, Clare Rose, Tom Brown (CEO) Rebecca Edgar (Company Secretary)

Trustees ae appointed by the Board for a term of three years and are eligible to be reappointed for one further term of three years. In exceptional circumstances the Board may appoint a Trustee for a third term of up to three years. The Chair and Chief Executive Officer are responsible for ensuring the trustees have appropriate induction and training. No Trustee receives remuneration or other benefit for their work for the Charity.

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Senior personnel

The day-to-day management of the Charity is delegated by Board to the senior personnel which comprise:

Chief Executive: Tom Brown Operations Director: Lauren Shand (appointed 19 April 2021) Head of Partnerships: Mandy Horne Finance Manager: Alison Bone Company Secretary: Rebecca Edgar

Principal professional advisers

Bankers: The Co-Operative Bank Business Customer Services PO Box 250 Skelmersdale WN8 6WT

Auditor: Lovewell Blake LLP Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB

Statement of trustees’ responsibilities

The trustees (who are also directors for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees 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 charitable company for that period.

In preparing these financial statements, the trustees are required to:

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

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Risk Management

The trustees are responsible for identifying and managing the major risks facing the Charity. The trustees review risk in its broadest sense and consider anything that might alter or undermine the capacity of the Charity to fulfil its charitable objectives. A risk register is maintained and reviewed on an annual basis and covers the following areas:

Following the most recent review, trustees confirmed that they are satisfied with the risks assessed and where appropriate agreed further mitigating actions, ownership and timeframes.

During the year, specific and noteworthy risks that were identified included the potential for loss of key staff and the ongoing impacts of the Covid-19 pandemic on the charities ability to fund and deliver its services. Specific measures to mitigate these risks have been undertaken to include:

Objectives, activities and public benefit

The objectives of the Charity are to:

The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'. Green Light Trust’s charitable purpose is enshrined in its objectives; it delivers its public benefit through its network of Community Wild Spaces (most of which are freely accessible to the public), its own woodlands and education centre and through the provision of expert advice.

In delivering against the objectives, the charitable activities fall into one of two categories: Supporting wellbeing and Building community capacity.

Many a health professional or academic professor will these days confirm the merits of outdoor activities and being ‘closer to nature’ when it comes to creating benefits for our wellbeing. It is this concept which runs through all that we do, helping us continually develop programmes and partnerships which emphasise the power of our natural world.

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Our work delivers practical and social based interventions, which support people across all walks of life, no matter their background, their aspirations, or their previous experiences of nature and the environment. We operate in several woodlands and green spaces, in which we teach about conservation and ecology, while supporting individuals and groups with their own unique health and wellbeing journey.

Fundraising activity is predominately driven by working closely with grant funders to enable the delivery of the two activities described above. Further funding is provided by course participants, whether these are held outdoors in Community Wild Spaces or indoors in the classroom environment.

Details on the activities of the year are referred to within the Chair’s report.

Volunteers

We receive welcome support from our volunteers who dedicate their time, experience and energy to help us achieve all that we do. In addition to the voluntary trustees, general volunteers carry out a variety of support roles across all areas including the delivery of activities and professional support for senior personnel. In total, the Charity benefited from over 3,000 volunteer hours in 2020. Many volunteers have progressed through our work to support the wellbeing of people, with volunteering acting as an important stage in their recovery journey.

Fundraising

The Charity does not actively raise funds from the general public.

Financial report

The trustees are pleased to report another strong financial performance in 2020. Building on the successes of the last 3 years, both income and expenditure were higher with a further strengthening of the balance sheet and unrestricted funds position.

Income is now above £1m therefore the Charity is required to appoint an independent auditor. In anticipation of this requirements the Trustees carried out a full tender process during 2020 and are delighted to appoint Lovewell Blake LLP as auditor.

Income (including principal funding sources)

Total income grew by £243k to reach £1,039k. The two main sources of income are grants and fees for services with a modest amount of commercial trading.

Grants, corporates and trusts increased significantly by 39% to reach £593k with all three categories increasing on 2019. Grants at £494k is the most significant element of this category and performance exceeded 2019 by £120k thanks in large part to the Suffolk Community Foundation. The Trustees are particularly grateful to Suffolk Community Foundation for their increased support during the Covid-19 pandemic which both jeopardised financial stability for the Charity and increased the demands on the services that we provide. Trust income was also up from £43k to £66k and corporate donations increased to £33k having been £11k in 2019 and nil in 2018.

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Charity also benefits from non-financial support from corporates such as Barenbrug UK who provide, for example, meeting facilities for staff and trustees.

Fees for services received from participants on the many courses that we run is a key source of unrestricted funds. These courses have been developed and proven through previous grant funded provision which in several cases is now funded directly by individuals or partner organisations. Income in this area was up 16% increasing from £355k to £411k. This further demonstrates our ability to maximise the impact of grant funding through the development of ongoing sustainable funding sources.

Expenditure

Total charitable expenditure in 2020, at £783k increased by £136k on 2019. This is broken down into the categories of: Supporting the wellbeing of beneficiaries and Building capacity in the community.

Supporting wellbeing of beneficiaries is our biggest area of spend and accounts for over 80% of charitable expenditure. This activity supports the development of adults and young people who are facing struggles in their lives. For example, our woodland minds programme delivers courses for up to 12 participants at a time with mental health issues. These courses are delivered in a woodland environment for a day each week over a 12-week period. The bulk of expenditure is on the skilled staff who work with these groups with two delivery staff supporting these participants. Typically, there are at least three of these groups operating on any given day, with other staff delivering in schools.

Simplistically, expenditure falls into two main types: staff costs and spend on the facilities, infrastructure and consumables used in the provision of activities. Staff costs account for around 73% of total expenditure. Maintaining a satisfactory ratio of staff to course attendees is vital to ensure a safe, secure and fulfilling experience for beneficiaries and staff alike. Recruiting and retaining experienced and skilled staff of a high calibre is paramount to the on-going success of the Charity. Expenditure to provide the facilities necessary for our activities is minimised as we use our own woodland reserves and we work closely with like-minded organisations with similar natural facilities such as the National Trust and the RSPB. The infrastructure required includes the cost of our minibus to transport participants to woodland work areas and the land management tools and equipment. Finally, consumables cover a myriad of items that are essential to our work including training materials and food and drink that are prepared and consumed by course attendees.

Funds and financial reserves

The Charity holds financial reserves to support future activities: Restricted – to be applied to the specific purpose(s) intended by the donor. At 31 December 2020, restricted funds were £371k comprising Woodland reserves, of £262k and working capital including cash of £109k.

The financial reserves policy is to maintain reserves, defined as net current assets, at a minimum of around 12 months of forecast running costs less income very likely to be received over those 12 months. At the year end the unrestricted net current assets totalled £263k. The Trustees monitor financial performance and projections throughout the year to ensure adherence to the policy. The definition of the policy is reconsidered annually by the trustees.

At year end, a review of income received in advance of it being spent was carried out. This resulted in income of £272k (2019: £194k) being deferred; this amount is included in the cash reserves and is reported within creditors. The grants that made up this amount were considered by trustees to be performance related whereby specific courses for specific beneficiaries must be delivered before full entitlement of the funds passes to the Charity.

Financial Summary

The trustees are pleased to report an increase in income, expenditure and the closing fund balances for 2020. The financial position has strengthened over the past year due to the continued support of

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

funders, the Charity’s ability to be flexible in how it delivers support to beneficiaries and the ongoing adaptability and resilience of its professional staff.

With this backdrop, the Trustees are able to plan and invest with confidence as they aspire to further grow the delivery of services to our beneficiaries in line with the Vision and Values. The trustees are pleased to report another strong financial performance in 2020. Building on the successes of 2019, both income and expenditure were higher with a further strengthening of the balance sheet and unrestricted funds position.

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements, challenges and future plans

A summary of the achievements, challenges and future plans referred to elsewhere in this report is set out below. The challenges from one year to the next remain similar but they are all emphasised by the Covid-19 outbreak.

----- Start of picture text -----
Achievements 2020 Challenges Future plans 2021 and
beyond
Staff External benchmarking of the Retaining staff, employee Complete a benchmarking
senior leadership team wellbeing and recruitment of exercise across the whole
completed, and the results high calibre staff in line with organisation leading to a
implemented. the growth of the charity. transparent and fair pay
A programme of staff training scale.
implemented to prepare staff for Implement a complete
the complex needs of our wellbeing and benefits
participants. package across the whole
organisation.
Recruit and train new staff
to support the next
development stage of the
trust.
Finances Income and unrestricted funds Accessing live information to Develop additional
increased again with support inform strategic financial sustainable sources of
secured towards the strategic management of the trust’s funding for specific
development of the charity. activity. The financial growth beneficiary groups.
and diverse funding model
are an increasing strain on
the finance resource.
Public profile Directed attention towards Increasing awareness of Widen the reach of our
promotion of the trust’s activity. funders and beneficiaries promotion outside of East
The recruitment of a dedicated about the Charity’s work. Anglia.
digital marketing executive and
PR support has begun to raise
our profile in line with our impact.
Partnership New partnerships have been Ensuring the continued Having already recruited
formed across all aspects of our engagement with partners an Operations Director
work as we now more clearly requires dedicated input from this will bring additional
define our vision. staff on both sides. resource to maintaining
Increasing demands on the our partnerships.
For many of these GLT has individuals involved can
acted as a lead to enable other make this challenging. The The CEO and Head of
organisations to access funding growth of the operations of Partnerships will be able
to deliver their services. the trust has meant there to spend more time on
was less time to engage in new partnerships.
these activities. Especially those across a
wider geographical area.
Beneficiaries Provided care and support to Recording quantitative and The continued
1,969 people. qualitative beneficiary geographical expansion of
information to promote the our services to meet our
We completed a project with the provision of service without vision. Our expansion into
University of Essex to impacting negatively on the Norfolk will continue,
demonstrate our impact. This wellbeing gains of our supported by several new
work was published and clearly beneficiaries. partners and closely
defines a clear financial and supported by Norfolk
societal gain through our work. County Council.
----- End of picture text -----

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

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GREEN LIGHT TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

Small company provisions

This report has been prepared taking advantage of the small companies' exemption of section 415A of the Companies Act 2006.

The trustees' annual report was approved on 5[th] August 2021 and signed on behalf of the board of trustees by:

Caroline Bixby Chair of Trustees

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GREEN LIGHT TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2020

Opinion

We have audited the financial statements of Green Light Trust (the 'charity') for the period ended 31 December 2020 which comprise the statement of financial activities (including income and expenditure account), balance sheet, statement of cash flows and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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GREEN LIGHT TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2020

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In addition to discussions with the client regarding the potential areas for irregularities and non compliance the following tests were also performed;

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and Employment law.

As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or noncompliance with laws and regulations.

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GREEN LIGHT TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2020

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Proctor FCA DChA (Senior Statutory Auditor)

For and on behalf of Lovewell Blake LLP Chartered accountants & statutory auditor Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB

17[th] August 2021

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GREEN LIGHT TRUST FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 December 2020

TATEMENT OF FINANCIAL ACTIVITIES(Incorporating
or the year ended 31 December 2020		 an INCOME AND EXPENDITURE ACCOUNT)
Notes
Income
Voluntary income:
Donations
Grants, corporates & trusts
3
Total voluntary income
Commercial trading
Investment income and interest
Profit on sale of fixed assets
Covid-19 job retention scheme grant
Charitable activities:
Fees for services
Total income
Expenditure
4
Cost of raising funds:
Generating voluntary income
Commercial trading
Total cost of raising funds
Charitable expenditure:
Activities supporting wellbeing of beneficiaries
Building capacity in the community
Total charitable expenditure
Total expenditure
Net income/(expenditure) before transfer of funds
Transfers between funds
Net movement in funds and net income
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total
2020
Total
2019
£
£
£
£
14,001
50
14,051
6,900
106,216
486,415
592,631
427,097
120,217
486,465
606,682
433,997
969
-
969
7,041
878
-
878
-
200
-
200
-
18,579
-
18,579
-
410,462
900
411,362
355,029
551,305
487,365
1,038,670
796,067
43,434
-
43,434
30,659
1,381
-
1,381
2,369
44,815
-
44,815
33,028
231,139
431,587
662,726
458,974
120,130
-
120,130
188,426
351,269
431,587
782,856
647,400
396,084
431,587
827,671
680,428
155,221
55,778
210,999
115,639
20,577
(20,577)
-
-
175,798
35,201
210,999
115,639
113,061
335,914
448,975
333,336
288,859
371,115
659,974
448,975

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. The notes on pages 20 to 29 form part of these accounts.

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GREEN LIGHT TRUST FINANCIAL STATEMENTS

BALANCE SHEET as of 31 December 2020

Note
Fixed assets:
8
Woodland reserves
Other tangible assets
Total fixed assets
Current assets:
Debtors
9
Short-term cash
Total current assets
Current liabilities
Creditors: amounts falling due within one year
10
Net current assets
Total assets less current liabilities
Long term liabilities
Creditors: amounts falling due in more than one year
Net assets
Funds of the charity
Unrestricted funds
Restricted funds
Total funds
14		 2020)
2019)
£)
£)
262,170)
256,564)
25,781)
16,183)
287,951)
272,747)
69,938)
58,338)
650,794)
337,213)
720,732)
395,551)
(348,709)
(219,323)
372,023)
176,228)
659,974)
448,975)
-)
-)
659,974)
448,975)
288,859)
113,061)
371,115)
335,914)
659,974)
448,975)

These financial statements were approved by the board of Trustees on 5[th] August 2021 and signed on behalf of the trustees by:

Caroline Bixby Chair of Trustees

Company registration number: 02550866

The notes on pages 20 to 29 form part of these accounts.

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GREEN LIGHT TRUST FINANCIAL STATEMENTS

CASH FLOW for the year ended 31 December 2020

ASH FLOW
r the year ended 31 December 2020
Cash flows from operating activities:
Net cash provided by operating activities
Cash flows from investing activities:
Purchases of fixed assets
Proceeds from disposal of Other tangible assets
Changes in cash and cash equivalents in the reporting period
Cash and cash equivalents at start of year
Cash and cash equivalents at end of year
Analysis of cash and cash equivalents:
Short-term cash
Cash and cash equivalents
Reconciliation of net income to net cash flow from operating activities
Net income for year
Adjustments for:
Depreciation of Fixed assets
Proceeds from disposal of Other tangible assets
Increase in debtors
Increase in creditors
Net cash inflow provided by operating activities		 2020)
2019)
£)
£)
332,631)
266,384)
(19,250)
(16,183)
200)
-)
313,581)
250,201)
337,213)
87,012)
650,794)
337,213)
650,794)
337,213)
650,794)
337,213)
210,999)
115,639)
4,046)
-)
(200)
-)
(11,600)
(10,322)
129,386)
161,067)
332,631)
266,384)

Page | 19

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

1. Charity information

The Green Light Trust is a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association. It is registered as a company at Companies House (number 2550866) and as a charity in England and Wales (number 1000977). The address of the registered office is The Foundry, Bury Road, Lawshall, Suffolk, IP29 4PJ.

2. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Green Light Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

Having considered future plans and forecasts including a review of financial reserves as detailed in the Trustees’ report, the Trustees believe it appropriate to prepare the accounts on a going concern basis and no material uncertainties exist.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Charity’s accounting policies, Trustees are required to make judgements, estimates, and assumptions about the carrying values of assets and liabilities. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period to which they relate.

Fund accounting

Unrestricted funds comprise general funds and designated funds. General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are those which are to be used in accordance with specific restrictions of the donors or which have been raised by the Charity for particular purposes.

Income

Income is included in the Statement of financial activities when the Charity is legally entitled to the income, the receipt is probable, and the amount can be quantified with reasonable accuracy. If these conditions are not met, then the income is deferred.

Donations are recognised in the Statement of financial activities when they are received by the Charity. Fees for services and Grants received in advance of the associated work being carried out are deferred only when the donor has imposed preconditions on the expenditure of resources - see Note 10.

No amounts are included in the financial statements for services donated by volunteers.

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GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

2. Accounting policies (continued)

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable from the bank.

Expenses and liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.

All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay. Expenditure including irrecoverable VAT has been classified under headings that aggregate all costs related to the category. Costs have been attributed to the particular headings to which they relate.

Tangible fixed assets and depreciation

Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is provided at the annual rate of 25% for motor vehicles and equipment, fixtures and fittings in order to write off assets over their estimated useful life of 4 years. No depreciation charge is made during the year of purchase.

The Freehold land and buildings, and Storage facilities are carried at valuation and are not depreciated.

Assets are reviewed annually for impairment. Any amounts arising are charged to the Statement of Financial Activities in the period in which the impairment occurs.

Taxation

Green Light Trust is a charity within the meaning of Section 506 (1) of the Taxes Act 1988. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to exclusively charitable purposes.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page | 21

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

3. Grants, corporates and trusts
Grants
Corporates
Trusts
Total grants, corporates and trusts
Major receipts during the year include:
Grants:
Suffolk Community Foundation – Other projects
Suffolk Community Foundation – Schools Emotional Wellbeing
Project
Big Lottery - Confidence through Conservation
Norfolk Community Foundation
Heritage Lottery Fund
National Lottery Community Fund
Heritage Lottery Fund – Green Recovery Challenge
Norfolk County Council European Social Fund/LIFT
Suffolk County Council
Great Yarmouth Borough Council – Social Blooms
National Lottery – Awards for All
Big Lottery European Social Fund – Opportunity Suffolk
East Suffolk Council
Big Lottery European Social Fund – Minding The Gap
Babergh & Mid Suffolk District Council
Forestry Commission Countryside Stewardship
Tesco – Bags for Life
Total grants
Corporates
Trusts:
Frank Jackson Foundation
The Clothworkers Foundation
The Kerrison Trust
Seckford Foundation
A L A Green Charitable Trust
Other trusts
Total trusts		 2020
2019
£
£
493,715
373,797
33,275
10,800
65,641
42,500
592,631
427,097
2020
2019
£
£
167,148
44,291
100,020
103,095
56,037
110,604
36,899
4,996
36,400
-
29,072
-
15,613
-
14,841
4,947
12,750
12,750
5,561
9,324
5,436
-
4,758
47,587
4,000
-
2,680
34,203
2,500
-
-
1,000
-
1,000
493,715
373,797
2020
2019
£
£
33,275
10,800
2020
2019
£
£
25,000
15,000
10,000
-
7,500
7,500
5,000
10,000
5,000
5,000
13,141
5,000
65,641
42,500

Page | 22

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

4. Total expenditure Direct costs Support costs 2020
Total		 2019
Total
£ £ £ £
Cost of raising funds:
Generating voluntary income 40,492 2,942 43,434 30,659
Commercial trading 1,381 - 1,381 2,369
Total cost of raising funds 41,873 2,942 44,815 33,028
Charitable expenditure:
Activities supporting wellbeing of beneficiaries 621,128 41,598 662,726 458,974
Building capacity in the community 112,118 8,012 120,130 188,426
Total charitable expenditure 733,246 49,610 782,856 647,400
Total expenditure 775,119 52,552 827,671 680,428
Premises Management & Governance 2020 2019
5. Support costs Administration Total Total
£ £ £ £ £
Cost of raising funds 546 1,984 412 2,942 2,596
Charitable expenditure:
Activities supporting wellbeing of
beneficiaries 7,719 28,048 5,831 41,598 31,412
Building capacity in the community 1,487 5,402 1,123 8,012 13,514
Total charitable expenditure 9,752 35,434 7,366 52,552 44,926
Total support costs 9,752 35,434 7,366 52,552 47,522

Support costs are included in the expenditure reported in the Statement of financial activities and have been allocated on the basis of salary percentage. The cost allocation includes an element of judgement as the Charity has had to consider the cost and benefit of detailed record keeping and calculations.

Governance includes audit fees (2019: independent examiner fees), legal advice for trustees and the costs associated with constitutional and statutory requirements such as trustees’ meetings. Fees paid to the auditor in the year related wholly to statutory audit fees of £6,550 (Independent examiner fees 2019: £1,238).

Page | 23

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

6. Net income/(expenditure)

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

Net income/(expenditure) is stated after charging/(crediting):
2020 2019
£ £
Profit on sale of fixed assets (200) -
Depreciation 4,046 -
Operating lease costs 1,291 1,291

7. Staff

The average number of employees during the year was 31 (2019: 26).

The average number of full-time equivalent employees during the year was 21.9 (2019: 17.6).

Staff numbers by activity:
Cost of raising funds
Charitable activities:
Activities supporting wellbeing of beneficiaries
Building capacity in the community
Total staff		 2020
2019
No.
No.
1.2
0.9
17.3
4.6
3.4
12.1
21.9
17.6

The nature of work undertaken by staff traverses the above categories; therefore, the allocation includes an element of judgement.

Staff costs:
Remuneration
National insurance
Pension contributions
Total staff costs		 2020
2019
£
£
562,040
445,665
29,981
29,119
11,392
7,852
603,413
482,636

No employees received emoluments in excess of £60,000 (2019: nil). Total emoluments for senior personnel amounted to £148,104 (2019: £103,203). The Charity trustees do not receive any employee benefits.

Trustee remuneration

No trustee received any remuneration or reimbursement of expenses (2019: £nil).

Page | 24

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

8. Fixed assets
Cost:
As at 1 January 2020
Additions
Disposals
As at 31 December 2020
Depreciation:
As at 1 January 2020
Charge for the year
Disposals
As at 31 December 2020
Net book amount:
As at 31 December 2020
As at 31 December 2019
Net book amount:
Woodland reserves:
Freehold land & buildings
Storage facilities
Equipment, fixtures and fittings
Total net book amount		 Woodland reserves
Other tangible assets
Total)
Freehold land
& buildings
Storage
facilities
Motor
vehicles
Equipment,
fixtures
and fittings
£)
£)
£)
£)
£)
246,064)
10,500)
10,800)
30,578)
297,942)
-)
5,606)
12,294)
1,350)
19,250)
-)
-)
(10,800)
-)
(10,800)		 Woodland reserves
Other tangible assets
Total)
Freehold land
& buildings
Storage
facilities
Motor
vehicles
Equipment,
fixtures
and fittings
£)
£)
£)
£)
£)
246,064)
10,500)
10,800)
30,578)
297,942)
-)
5,606)
12,294)
1,350)
19,250)
-)
-)
(10,800)
-)
(10,800)
246,064)
16,106)
12,294)		 31,928)
306,392)
-
-)
10,800)
-
-)
-)
-
-)
(10,800)		 14,395)
25,195)
4,046)
4,046)
-)
(10,800)
-
-)
-)		 18,441)
18,441)
)
246,064)
16,106)
12,294)		 13,487)
287,951)
246,064)
10,500)
-)		 16,183)
272,747)
2020)
2019)
£)
£)
246,064)
246,064)
16,106)
10,500)
262,170)
256,564)
25,781)
16,183)
)
)
287,951)
272,747)

Freehold land and buildings were revalued during 2016 by an independent registered valuer. Under the cost model the value of the above freehold land and buildings would have been £289,490 (2019: £290,421).

9. Debtors
9. Debtors
Trade debtors
Prepayments & accrued income
Total debtors		 2020)
2019)
£)
£)
50,103)
32,105)
19,835)
26,233)
69,938)
58,338)

Page | 25

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

10. Creditors
10. Creditors
Amounts falling due within one year:
Accruals
Deferred income
Trade creditors
Other creditors
Total amount falling due within one year		 2020)
2019)
£)
£)
30,979)
9,478)
271,512)
193,663)
42,984)
16,182)
3,234)
-)
348,709)
219,323)

Creditors: amounts falling due in more than one year £nil (2019: £nil).

11. Capital commitments

As at 31 December 2020 outstanding capital commitments amounted to £49,079 (2019: £nil).

12. Deferred income

12. Deferred income
Movement in the year:
Balance at 1 January
Amount released to income
Amount deferred in the year
Balance at 31 December		 2020)
2019)
£)
£)
193,663)
32,069)
(193,663)
(32,069)
271,512)
193,663)
271,512)
193,663)

Income of £271,512 (2019: £193,663) was deferred in the year; this amount comprised Grants and Fees for services where the trustees considered that the related performance is expected to be completed in 2021.

13. Operating leases

13. Operating leases
Equipment, fixtures & fittings:
Less than 1 year
2 to 5 years
Total operating leases		 2020)
2019)
£)
£)
3,022)
1,291)
11,249)
2,749)
14,271)
4,040)

Lease payments of £1,291 (2019: £1,291) were charged to the Statement of financial activities in the year.

Page | 26

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

14. Statement of funds

14. Statement of funds
Unrestricted funds
Restricted funds:
Woodland reserves
Charitable activities
Total restricted funds
Total funds		 Total funds
1 January
2020
Incoming
Outgoing)
Transfers
Total funds 31
December 2020
£
£
£)
£)
£
113,061
551,305
(396,084)
20,577
288,859
256,564
-
-)
5,606)
262,170
79,350
487,365
(431,587)
(26,183)
108,945
335,914
487,365
(431,587)
(20,577)
371,115
448,975
1,038,670
(827,671)
-
659,974

All of the restricted charitable activities funds above relate to particular projects and funds are expected to be expended over the coming years.

Transfers between unrestricted funds and restricted funds during the year related to the following.

15. Analysis of net assets between funds

Asset type:
Woodland reserves
Other tangible assets
Current assets
Current liabilities
Net assets
16. Analysis of changes in net debt
Cash at bank and in hand		 Unrestricted)
funds)
Restricted)
)funds)
Total funds)
31 December)
2020)
£)
£)
£)
-)
262,170)
262,170)
25,781)
-)
25,781)
408,509)
312,223)
720,732
(145,431)
(203,278)
(348,709)
288,859)
371,115)
659,974)
At 1 January
2020)
Cashflows
At 31
December
2020
£)
£)
£)
337,213
313,581
650,794

17. Related party transactions

There were no related party transactions during the financial year ending 31 December 2020.

Page | 27

GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

18. Comparative statements

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2019

TATEMENT OF FINANCIAL ACTIVITIES
or the year ended 31 December 2019
Notes
Income
Voluntary income:
Donations
Grants, corporates & trusts
3
Total voluntary income
Commercial trading
Charitable activities:
Fees for services
Total income
Expenditure
4
Cost of raising funds:
Generating voluntary income
Commercial trading
Total cost of raising funds
Charitable expenditure:
Activities supporting wellbeing of beneficiaries
Building capacity in the community
Total charitable expenditure
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total
2019
£
£
£
6,900
-
6,900
77,549
349,548
427,097
84,449
349,548
433,997
7,041
-
7,041
355,029
-
355,029
446,519
349,548
796,067
30,659
-
30,659
2,369
-
2,369
33,028
-
33,028
134,199
324,775
458,974
179,686
8,740
188,426
313,885
333,515
647,400
346,913
333,515
680,428
99,606
16,033
115,639
13,455
319,881
333,336
113,061
335,914
448,975

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GREEN LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS

18. Comparative statements – continued

Statement of funds
Total funds Incoming Outgoing) Total funds
1 January 31 December
2019 2019
£ £ £) £
Unrestricted funds 13,455 446,519 (346,913) 113,061
Restricted funds:
Woodland reserves 256,564 - -) 256,564
Charitable activities 63,317 349,548 (333,515) 79,350
Total restricted funds 319,881 349,548 (333,515) 335,914
Total funds 333,336 796,067 (680,428) 448,975
Analysis of net assets between funds
Analysis of net assets between funds
Unrestricted) Restricted) Total funds)
funds) )funds) 31 December)
2019)
£) £) £)
Asset type:
Woodland reserves -) 256,564) 256,564)
Other tangible assets 16,183) -) 16,183)
Current assets 148,593) 246,958) 395,551)
Current liabilities (51,715) (167,608) (219,323)
Net assets 113,061) 335,914) 448,975)

Page | 29