2023-03-31-accounts

Regisièrèd nurnber= 02834975 Ch•rity numbor.. 1023929 PETERBOROUGH ENVIRONMENT CITY TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 111 ACIPIPTK 1W1212023 C(XAPANIES H¢JJSE Al8

PETER80ROUGH ENVIRONMENT CITY TRUST IA Company Lwnited by Guarantee) CONTENTS Pagè Reference and Adrninlstratfjve Detsils of Iht Ch•rlty. its Trustees and Advlsers Trustes' Rtport Independènt Auditors. Report on the Financial Statements Consolidated Statement of Financial Activities 2-12 13. 17 18 Consolidated Balance Sheet Charity Balance Sheet consolidated Statement of cash FloY 23 Notes to th$ Financial Statements 24.S3

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranteol REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees T Wi111son. Chair P Brolhenon S Trewhella C Wker-Harrison L Knudson Iresi9ned 29 August 20231 G Wright J Cole P Hansen N Moyo (resigned 22 JaThJary 2023} A SLrthertan company r•glst•r•d number 02834975 Charity r89i$tered number 1023929 RegiSt•r•d offic• Ham Lane House Ham Lane Orton Waierville Peterbortsugh PE2 5UU Company s•cr•tsry A Suthedand Chief e¥e¢utive officer C Leonard (resigned 29 July 20221 S Da¥bs (appointed 29 Juty 20221 Ind•pen(l•nt auditors Sireets AudTI LLP Chartered A¢counlant5 and Stabjlory Audrtors 38 Tynd311 Court Commeree Road Lynch WrM)¢ Peterborough Cambfid9eshire PE2 6LR 8anker¥ Natsonal Westminster Bank PLC PO BOX 15 Cathedral Square Peiertx)rough Cambridgeshire PEI IHW Solicitors Hegarty LLP 48 Broadway Peterboiough Cambridgeshire PE1 1YW Pag8 1

PETeRBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trvsiees present Iheii annu31 report iogether v*ilh the au&ied financial statements of the C17anty lor the year 1 Ap¥il 2022 10 31 March 2023. The Annual Report serves the purpose5 01 both a Trustees, report and dire¢tors' report undef Company law. The Tcystees confimi that the Annual Report and financial statements of the thJriiable company comply with the current Stalutory reguiremenis. thE Tequiremenls of the chèriiable cornpany's governing document and the provisions ol the Sialement of Recommended Practice ISORPI applicable lo charilies prepanng Iheir accounts In accordance wflh the Finanual Reportlllg Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since Ihe grow and the Chanty qualify as small un(ler section 383 of the Companies Act 2006. the Group Strategic Report required of medium and L8r9e companies under Ihe Companies Act 2006 Istralegic Report and Directors. Reportl Regulab"¢)n$ 2013 has been omitted. Obje¢tiv•s and a¢iivitiqs a. Policie5 and objective5 Our chzrity's purpose, as set out in Ihe objects contained in Ihe Memorandum of A$s￿l8t10n are lo advance the education ol Ihe public and promote involvemeni in all matters concerning enwronmenlal Conservation and to ' preserve, protect and enhance the environment pnrnarily wthin the Peterborough area and elsewhere. The charity's vision is StJslainat4e Places. The ¢harity'$ mission 13 tg proted and enhance the enviroimenl throu9houl Pelerborou9h and be￿d. PECT aims to help preserve, protect and enhanee the environment. We want lo wnprove people's qually of life by ra15ing awareness of environmental issues and nurturirng behaviour chan9e. Our vision is for Sustainable Places and we aim 19 make a real difference fw pewe and planei. PECT'S wortc covers four key areas. The Natural Environment- We recogni5e that b￿1verSitY and access lo nature has a muhilude of Iherapeulic. social and heath benefits. Community & Education- We charnp￿n tonnecled ¢omrnunilies and people bein9 involved in Iheir l¢xal area to prevent social isolab"on. RespOnsi￿e Resource Use- To create a su$r¥nable lutUTe we need lo ensure that every individual and organisation is living wlhin the means ol our planet. We sw)port Innovative $olutrons for a smarter future. Heath & Wellbeing- We wani 10 encourage peoF4e lo become more active and to improve their wellbeing. Whether il's bookir¥J at Ihe food we eat. the ex¢r¢i5e we lake. how we travel, or the ¢on$umer hoices we rnake. b. StrategSes for achleving obl•¢tivès Our outcome5 are rewe￿d by slalf. the eoard and PAembers. These reviews look al what have achieved. if our V￿r￿ Is being delive￿￿ across all of our ovlcomes and 1den￿fyin9 Whe￿ Ihe gap$ are. In shaping our objective5 for the yeaf and [lann￿9 our aciiwtses. the Trustees have considered the Charily Comrnissions widance ¢)n Public Benefit. Page 2

PETERBOROUGH ENVIRONMENT CITY TRUST IA Cgrnpany Limited by Guarant￿1 TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 klARCH 2023 Objectives and activrties lcontinuedl c. Activities undertaken to ¥chie¥È obi•¢ti¥es In yndertaking any activity. it is imw1anl that foNow a set of core values as belovr. People- We have a strong and vibrant team who are c(nmitted to SU51ainability Expert1se- We use knth￿edge and experience to design and deliver meaningful work wlh real impact. Change- We create sustainable plate$ Ihat are beiier for people and the en￿￿nment Together- We lake coiiaborave actw to creaie p9S￿"¥t change d. Main activiti•$ ￿dertakert io further the Charity's purposes for the publie benefit The main audiences for the year were". Business- Helpng businesses to become sustainabl8 through ￿SOurCe efficiency and educalk)n. Communities - Increasing acbon ansj support in Ihe communits through propcts that lead to healthier and suslzinable places for people and ihe environment. Education Providing SUPPOrt and re%)ur￿$ to schools. teache15 and sludents through oyr suslainabilrty focused education activity. A¢hi•vements p•rforrnance Key performance indicators This year, Pelerborough Environment City Trusi IPECT} has continued lo worft vthhin the 2020-2025 5trateglC plan The ddivery of several Europea) projects ha$ been a focus for the team. alongside also completing a range ol short- and lorng-te¥m Iniliatives. PECT deliver5 serwtes and contiacts [￿$ kKoiects in collaboration grant giving organisalions. businesses and cornmuni15. For the year ended 2023. tolal Incoming resources. both restricted an unrestricted fof the charity was £2.173.611 12022 - £1.651,3871 sthich was mainly funded through grants: contract5 and business consuttancy. but also from donations. rental and Investment income. E¥penditure lor the financial year iotallet1 £1.721.966 12022- £1.381.947I. Net income in the year was £461.645 12022- £269.4401. Closin9 reserves were £1,955.012 01 which £298.Od12 was restricled12022- £1.493.367 of which £344,666 was re$tricledl. The charity's policy to hold reserve5 suffKient tts ensure the continuance of projects and aetivilies. see further on in Ihis report for m(￿e details. The finarncial goal goin9 forward remains. in line vthh the stralegy. 10 generate intomt from a b%idei range of sources. fully covering operational and business development costs and genefatu)g a surplus to be reinvested. Page 3

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaramitel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EIIDEO 31 MARCH 2023 Achi•v•mènts and ￿rtoM￿anc8 Icontinu•dl b. Review of a¢tivit*s The work of PECT is split across four themes: the natu￿1 enwronrnent, health and wellbeing. communilies and education and responsible resource use. This year PECT has tontinued lo develop nature based solutions and eomrnunty engagement through our work delivering tree planting and wder biodiversity improvement projects. These include Foresl for Pelerborough and John Clare Countryside vt&on, 84nes, P￿￿nating Pete￿rough and Caring for Nature. Our business focused adivity has increased wth a wder appreciation of the need lor all organi5ations lo make improvements lo their en¥ironmental performance. Oui Investors in the Environment accfediialion scheme has seen a large Increase in mernbership. We have continued to delive¥ resource elficiency support through Business Lincolnshire and ¢ehver the resource effiuency 9rants as part of the ERDF funded Eastern New Energy programme and South Eastern New Ener9y_ We have delivered circular economy activities %￿th local aythrwities. social enterpn5e5 an¢ conynunib'es through the Inlerreg prggramme BLUEPRINT. The project aims to assist the transition to a Circulaf Economy In Englancl and France. We have also launches a pilot programme. Bring It 8ack, looking at using reusable containers in various selb'ng. lo transition away from single use disposable packaging. We have also supported or9an15ations 10 reduce their impact thiou9h lower tarbon caterirng ch¢i¢es in the Interseg funded Cool Food Pro. t￿r environmèntal education senrice has r￿n￿nued to deveksp. have delivered another year of the Food Smart food and nutrth.on service th¥ough Cambridgeshire sthoo15. as well as proieet support Junior Forestefs. Our home energy support has increased in line Trmlh Ihe ¢halenging circumstances households find themselves in ¥1 relatio￿ to energy pi¢es arKI the inuease in cost ol liwng. We have also worked wth groups to inC￿8$e cyclin9, reduce isolation and increase undef51anding of food and cooking ski115. Environfflenial Education E¢0 Charter PECT'S Eco Charter sUPPOrts environmental educabon in schods.. encouraging o¥¢r 40.ODO students a year to think sustainably and colle¢lNely reduce their impact on the environment. We acl as a single point of Contact for sthoo15 and olher providers to faulilate a cdlabofalNe and coordinated approach to sustainable education. Funder." Individual Schools. East Cambrid9eshire Districi Counol, Fenland District Council Junior Forester Award The p¢ojeci offers schools the opportunity to take part in The Royal Fo￿$try Society's Junior Forester Award. The Forester award give5 young peopte an in5vJhl inlo a career in fore51ry a5 well as the practical ability lo assist In woodland mana9ement In their sthools and local Communiises. Funder. Ovllook Education Fund, via CambrKlgeshwe Communty FoundatK)n Healthy Schools.. Food Smèrt . PECT is working in partnership ￿th Everyone Health to supwrt prirnary sthools and early yeafs service5 10 aijopt a positive approach towafds nulnbon. Workin9 as part ol a wder 'Healthy Schools, pwrarnme. PECT aim5 to creaie environment5 that suP￿rt children and Ihew familie5 to Improve their well-being acr05S Pelerb(wough and Cambriégeshire. Funder." Everyone Health Page 4

PETERBOROUGH ENVIRONMENT ¢￿y TRVST IA Company Limited by Guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Achi•v¢m•nts and perfomian¢• Iconts"nued} NLOW Farm Twinning PECT are workin9 Wth Cambridgeshire ACRE and KKIS Country. to provide schools wth a number of resources lo enable them lo engage in pre and post learning to support fann ¥isits and be able lo create their own wld area5 Wthin their school grounds. Ensunn9 that after the visits have taken pla￿ leaming conilnues within their school around SU$13inability of our ￿)r1d. health and wellbeing ol leaming outdoors and the importance ol these Id spaces an¢Y kn"0 diversity in context 10 food p¥odudion in the area. Funder. Heritage Lottery Fund Natural Environment Forest lor Petèrborough PECT laun¢hed Forest lor Pelerborough in 2010 and aims lo planl over 230.000 tree5 in and around the city by 2030. We have currently plante¢J Over 135.000 tree5. working wth thousands of volunleers. Funders.. VirKlor. DEFRA Green R¢￿very Challenge Flmd. Cow*e Oonations. Individual Donations. Wildflower planting PECT is enhancing the natur￿ heritage ol Ihe city. Impro￿n9 its knodryergty and creating polh'nator-friendly aceas we'￿ working together with Buglife lo reverse the decline in pollinator numbers by creating a network of wil(Inower pathways (B-linesl. 11nking togethef existing habitsls in the city and raising awafeness of Ihe importance of MfiK1flower pL3nlins_ Fvnders". National Lotlery Heriiage Fvnd and Vindor John Clare Countryside celebrab.on of Nafvre As part of the John Clare Couniryside IJCCI projeci. PECT is wthing with parishe5 to develop nature recovery plans and Identify prqecls that would create new natu¥31 habilats or support Ihe management of existing ones. Along5i¢Je the 5UPPOrt to parishes ihe pioj.ed Is also workin9 Wth major land¢)wners in the area to support the doubling nature ambition. Funders". DEFRA Green Recovery Chalenge Fund, Natural EThJlant1. Lango¥ke Trust Caring lor Naturè Caring for Nature is a Skills Training wojecl that offers young people and adulls the opportunity lo gain wgrk experience in the envtronmental conservation sector. The project olters 6-week ¢our5es to unemployed adults and yovng people not In education or Iraining INEETSI. The project ollers participants the opportunrty to learn about and restore the natural environment in the proiecl a￿a. Funder. Fenland District Council Res nslb eUs# Invastors In the Enviry>nment liiEI Investors In ihe Environment IiiEI is PECT'S national environment31accreditat￿n scheme. It Is designed lo help organisalions save money. reduce their Impact on the environmeni. and 9et promoted for their green edentials. iiE h85 gone Irom strength to stren9th. offering a ￿de range of environrnenlal training and online webinars to Ils members. Businèss Support Programmfjs PECT has delivered a range of tra￿1￿9 and education programmes lo support busines5 and community groups undert¥ke resource efficiency prO￿arnme$ and vndersland the impact of Iheir buildings and operaiions. Funder UK Community Renewal Fund - Herlfordshire. Cambiidgeshire County Councl, Lincolnshire County Council Page S

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limilgd by Guarantee) TRUSTEES. REPORT {CONTINUEOI FOR THE YEAR ENDED 31 MARCH 2023 Achievements and wrforman¢e l¢ontinupdl Busin¢s$ Lincolnsknire Small and medium soed bu$￿eSseS in LvKolnshire can access free expert aLfvbce and grants 10 9row their business after a £4million c35n Injectwjn into the county's 8usines5 Lincolnshire Growth Hub. Fundin9 was Secured by linc￿nshire County Council from the European Regionaj Devdopmenl Fund for a Ihree-year progfamme lo boost lo¢al economic gros￿￿. PECT provk1e$ speualisi on-srte resource effiuency support. Funcjer." European Reg￿n31 Development Fund Eastorn New Energy IENEI and Sou¢h E¥stÈrn New Energy ISENEI The New Energy projects aim3 lo build a stronger Local Energy and Low ca￿ Economy in the East of En9land and South Easl. They achieve Ihi$ by prwding supporl to a range of indNiduals arTrd or9ani53lion$. an(1 by Understand￿9 an¢J addre5sin9 the barriers lo the de¢arbonoabon of communities, buildings, transport and live5. The projec15 are led by the Universty ol Easl London. wth a %%i¢er partnership. PECT'S role 15 to provide grants to eligible small and metum-sued businesses. to help calalyse capital investmenls in energy efficiency Funder. European Re9ional De¥el0￿ent Fund 8lu8prinl BLUEPRINT 15 an Interreg lunded European project asrning to as51St the translion to a Circular Eeonorny in England and France. The project aims lo provide a ¢i￿ular Economy tran￿￿0n framework lo local aulhoiib.es acr055 Englané and France, Increase household recyclin9 iale5 and drive the creation of new jobs for the benefit of local cornmunilies. Funder. Interreg France (Channel) England Prograrnme Cool Food PRO PECT is a key partner in Ihe 'Cool Food Pro. project which builds Ihe a¥Rrd-TrMnning micro project, CotrL Food. The project airn5 to incre35e 5uslainats"lity. lood security. and public well-being acros5 the UK and F¥ance, supporting the development of new practKes that wll he the caterin9 industry tran5ikn'oTh to being carbon neutral by 20S0. Funder". European Regional Development Fund wa the Interre9 France (Channel) England ptogramme ECDC Climate Chang• PECT is providing 5UPPOrt to Easi Cambndg•shirè's Disirict Cothcl to hdp them design and deliver a range of climate emergency activities. Funder". East cambridgeshi￿ District COU￿ Heat Pump Ready PECT support the developrnent of optimised deployment ol dornestsc heal-pump5 in high-density areas.. using rural Cambri#ge$hire as a test bed for innovative lechnolo9ies to redvce cosls lo consumers, minimise barners to uplake. Improve repeatabtlity of perforrnance and understand impacts on the national 9￿d. PECT supported on the communrty engagement and communicaiKJns on the programme. Funder". City Science IBEISI carbon Reduction PECT wo¥ked with volunteers Irom Peterborough. Huntingdon and Fenland lo reduce their persDnal c3rbon footprint. The team of svstainabilily experts provided tailored support to the volunteers on an on9oin9 ba$is over a 6-month period. Funder". RSA Climate CharwJe and Risk Educaiion Grams Page 6

PETERBOROUGH ENVIRONMENT CITY TRUST {A Company knmited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Achiev•m•nts and perforn)anco Icontinuedl "brary For... PECT partne￿d ilh CIMC+ lo launch a new community hub and h"brary for within Peterborgugh Central L￿)rary. The library for is a popwp sp3ce foi rnJkng. leamin9. borrowtsg. and meeting. As pan of the. spaee, rnernbers can bofrow househokj Items lor 3 small rental, helping to reduce consumerism. Funder- National Lottery COmm￿lIY Fund Heallh and Wellb¢in Wonder Woman PECT ran six. free be3Nh and wenbeing cookery classes exclusively for women. The classes supported allenoees lo leain the make easy. n¢)400k dishes. find OLrt more abotrt the hislory of Cooking and some of the rnedicinal qualib.es of herbs. All sessK)ns took place in Giad51one in Peterborough. Fu￿ler." PCVS Enorgy Efficiency proj•cts PECT'5 energy efficiency projec15 aim lo ieduce fuel pgverty and increase the energy efficiency of households. We support ￿SidentS who are stwg91ing lo pay their bills or cannot keep their home he31ed at a sufficient lernperalure During this period. the prqecl has worked across the East of England with a focus on rulal parts of Cambridgeshire, Fenland, Carnbndge and Hunlingdon and Petertjorough. Funder5. Big Enefgy Saving Ne￿Ork IEneryy SawTrJ Trust). Energy ReLlres5. UKPN. CambfKlge City Cotin¢il,. East Cambiidgeshire Dislnct Council On Ya Bike PECT are working Wtl) Nene Park Trust to continve the positive active behaviour ch￿g¢S beyond the panéemic anij tnto our day lo day lives. We know that not everyone Is a confident cyclist or might not have been on a bike for 3 number ol years. Therefore. the partnership has formed to encourage 35 many new and old cydisl$ lo feel safe and comfortable when out cy¢ling around Peierbortrjgh. Funder. LNER Customer & Community Investment Fund Community Filt1ge Fenland PECT have been workin9 10 identify an appropnate brat￿n and community to set up and run a community fridge wthin Whittlesey_ Funder." Fenland Oistrict Council Cook and Eal PECT offered healthy cookery sessions ak)ng￿de gentJÈ gardening w)thshops, combinfn9 healthy eating with ouldoof activity. FunL1er Harry Cureton Fund W8tsr Sa¥ing PECT worked Anglian Waler customers across Pererbortsugh to educate Ihem aboth the importance of water meters an¢ the how lo save watef. Afongside this Pop-ups were held throughout Ihe community lo engage Ihe local community. provth informabon on a T￿ge ol Angban Waler initiabves. Funder Anglian Water . Factors relov•nt to achieve objectiv•s The PECT and GES teams have demonstrated their commitment and prolessionali5m Ihroughout the year. delivenng high-quality service5 and buikjing strong relaiionships wyth lunders. dients and partners. PECT has secured funding from various sources and has enhanced its reputation as a trusted partner in environmental prwed5. Page 7

PETER8OROUGH E14VIRONMENT CITY TRUST IA Cornpany Limited by Guardnteel TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENOED 31 MARCH 2023 Achievements and perfO￿anCe Icontinued) GES has Successfully adapted to Ihe changing mathet condits'oThs anil has provide(J ener9y management serwces for rts se¥en¢h yeaf of operalion. The charity has made efforts ta irnwove its finarKial stabilty by reducing core staff costs. Increasing staff llexibilily across projects and slfeamlining planning. reporting and acwunting processes. These efforts allow the chaiily 10 pursue ils chantable objectives wilh more confidence and efficncy. d. Inv¢$thi•nt policy and ￿rforManC0 Under the •Aemorandum and ArtKle5 of ASs￿lation. Ihe charity has the power lo make any In¥e51ment Ihal the Trustee5 see fil. Financial review a. Going concem After maksng appropriate enquiries. the Trustees have a ￿>sOnable expedalion Ihat the Charity has adequate resources lo continue in operational existence fov the loreseeable luture. For thi5 reason. they continue to adDPt the going ¢on¢em ba515 in preparing Ihe financial statements. Further de13ils regardin9 the adoption of the goin9 ¢on¢em basis can be found in the accountng policies. b. R¢serv¢s policy The PECT reserves poli¢y is 10 hold a minimum baknce of £190.000. which broadly equates lo the running costs for a 3 month period. The policy was last re¥ieed by Trustees in 2023. As at 31 March 2023 the ch8rily has unre51ricted general funds of £1.656.970 12022- £1.148.7011. PECT'S unre51ricted geneial funds are being used to support the operat￿n Oelivery of a ran9e ol European Funded projects which require the Trusl to fund activities aheacl of Ma￿n9 a fina￿181 daim. G. Material inv•stm*nls policy PECT holds an investment property valued at É210.000 vknid) is included Y•ilhin note 15 01 the financial stalemenls. d. Principal risks and un¢ertainties Thé trustees recognise tha¢ Ihere are potents.￿ risks to whth Ihe Charity may be exposed. The Iruslees have idenb.fied five main a￿3$ of nsk". govemance arKI mana9ement of Ihe charity operat+on21 nsks financial risks environmenlal and extemal factors ompliance wth law and regulati¢Jn The processes for monitoring and mithgation of these risks have been H1enlified and are ￿Corded in a risk register. The Iwslees have delegated the day-to-day implementabon. monrtoring and evaluation of the risk reglster to the management team. Dunng the year the Board rEceived reports f¥om the Chief Executive and agreed action$ 10 rn1119ate any serious risks. Page 8

PETERBOROUGH ENVIRONMENT CITY TRUST (A Company Limited by Guaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENOEO 31 MARCH 2023 t. Principal fvnding The pnnupal fijnding for Ihe charity has been Ihe gcant$ received trom a range of funders for charrtable acbvilies. Structure. govemaneo and managoment - Constitution Gov•rning Oocum•ni The cornpany aThY the group is a ¢harrtabk company limited by guarantee and does not have a share t3Pltal. The charity IS go¥erned by its Memorandum and Articles of Assw8lion dated 9th July 1993. All of the4rustees who are mernbers of the company guarantee lo contritxrte £1 ￿ the event of a winding up. b. Methods Cf appoinlment or ele¢ti¢)n of Tru$te R•eruitm•nt and appointm•nt of Ttu$t•es The diredors of Ihe charitable company Ithe tharity) are its Trustees for the purpose Of the charity law 3niY under the cornpanls Artides are known as members of Ihe 8oaTd. Under the requirernenis of the Memorandum and Articles of A5sociaiion one Ihird of the mernbers of the 8oard retire at each Annual General Meeting (by rotalion. those s¥ho have been lon9esl In o￿lCe since their lasl appointmenll. although they may offer themselves for rellelection. c. Organisational structure •nd d•¢isionrymaking policies Strategic direction for the chwily 15 inlormed by the Members lin¢knding the 10 8oard mernbersl Ihat are Scheduled to meel trrte per year a$ a group and are 9Nen opportw)rtie$ to engage wt4arty by the executive team. A Chief ExecutNe is appointed by Ihe Board io manage the operations ol ihe charity. To facilitate effeclive opeiations. the Chief Execulive has delegated athhoity. ￿thin temis of ￿e￿gatIon approved by the 803fd, for operational matters including finance, key performance indicattsrs. employment and project relateo aclivrty. Green Energy Siich Lirniled IGESI. a vtholty owned Irading 5L*sidiary. is govemed by a Board ol Directors ¢ons15ting of Sluart Dawks IPECT Chief Execulivel. Sarah Buttigieg IGES Director of OperalK)nsl. Ashley Sutherland IPECT Tiusieel and Steven Trevknella IPECT Trusteel. d. Policies adopted for th• induction and tralning of Trustees Trustee Induction and Training All of ihe Trusiees are lamiliar wilh the practical PToject work of Ihe cha¢ity through regular updates at meetings and hathng been encouraged to get invofved in the community outreach prO￿¢t$, for example. altending the Green Festival. planling trees in the Foresl of Peterborough or attending the Inveslors in the Environmenl awards ceremony. In addition, appropriate training lakes place as arKI when deemed necessary. For new Trustees ihe ind￿tIOn programme allows them to understand.. their roles and re$pon5ibililies as 8 Trustee. the companls corporate polioes and procedures and the companys vIS￿n, mission and slrateglc plan. Page 9

PETERBOROUGH ENVIRONMEIIT CITY TRUST IA Gompany Limited by Guarant￿) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Structu￿. governance and managemenl leontinuedl ITh addition, they have access lo Corporate pdKies and Pfocedures. board papers and a9enda5 and are given opportunities lo len more aboul operatHJns throu￿ feedback. revws and one-t￿tsne meetings. e. Pay policy for key management personnel Senior Staff The pay of Senior stalf is ￿eed at board ￿Ve1. Details ol salaries paid lo key managernent pe¥50nnel ale disc105ed In note 11. Mem￿r¥ of the Board All members of Ihe Board. as liste¢J under Twstees on Page 1. give Iheii lime voluntarily and receive no benefits Irom the charily. For ye?r ended 31 March 2023, truslees re￿￿ed £nil of expen$es. f. R•lated party r•lationships 'The charbty has a dese relabonship wilh Ihe Trvstees and Iheir assoeiated organisal)n5 whKh are." Toby Willtson (Chairl Soulhem Water Services- Director Brillsh Waier- Non-Executive Diredor Peler Brotherton Natural England- Director The British Ec¢gKal Souety Peierborough Cathedral - Council member Steven Trewhella Rivelin Br￿1ge Ltd- Th"reclor Gfeen Energy Swtch knmited- Direcior Regional Flood and Coastal Cornmiitee~ Merrthr In$￿'tUt￿n of CiAI En￿neer$- Fellow Charter Management Inslute- Fellow James Cole Th& Partnering Initiats've- Dire¢tor NicollE Moyo (resigned 22 JanLtary 20231 larise Ltd- Director Peterborough City Counul- Councillor Ashley Sutherfand 14egarty LLP Soliulors- Partner Green Energy Swtch Limiied- Oirector None of the Tru$tee$ have any beneficial inlefest in the company. A summary of transact￿nS vAth related parties is set out in note 25 to the financi3151atements. Page 10

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH Z023 Plans for future periods A new 2020-2025 strategy was devebpeLI and launched in eatly 2020. The new slrate9y builds on the success of the 2016-2020 Strategic plan. and locus PECT efforts on educating. inspiring change. encoura9ing acliori and building collaboralion. To complement this. the year F4an lor 2023-24 Includes a l¢xus on delivery auoss the four business unils.: Climat• Education Launching a new websile and delivery model for climate educat￿. leaching mor schools and students wit engaging and inleractive training se551¢WS Investors in th Envlronrnent Expanding he ￿e￿￿r￿ of ￿vestorS in Ihe enwronment members, offeriThJ more ¢)ppDrtunities for learning and ollaboration amon9 businesses committed to sustainability ASPECT Environmental Consultsncy A new service aimetj at helping businesses to assess their carbon l¢)otprint and Im￿ement strategies to achieve net zero emissions PECT Focusing PECT activilEs on foul key areas". lood. waste, eneryy and the natural environrnent. promoting healthy and eco-friendty lifest￿e$ for tomn￿nitS Follow7ng on from last year. processe5 an¢J policies are in ￿ace to assist wth delivery of the new Strategy. Underpinning the strategy is an arm lo continue the charity cover rt tosts through the activities carried out. wlhoul a reliance on gift 3id or e￿ernal grants. There is a ¢oniinued drive towards efficienl use of time an(1 resources as well as a constant push on fundraigng and in¢ome 9ene¥atson activity in tsne with the year ￿an and stralegy. Funds held as custodian At the enil of Ihe year 2023. PECT held the fdl0￿.n9 lund5 for Olher chariiable entr￿e$". - Tourism Maps £15.44812022- £15.4481 Pa9e11

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by GuaTantpel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2023 Statement of Trustees. responsibilrfies The Twstees (who a￿ also the iJire¢lors of the Charty for the kxjrposes ol ¢ompany lawl are responsible for preparing the TfUStee5' Report and Ihe ffinancial staternenis In accordance applicable law and United Kingdom Accounting Stand3rds Iunited Kingdom Generally Accepted Acwnting Practicel. Cornpany law ￿qUireS Ihe Trvstees 10 wepare finanrAal statements for each finanual year. Under company law. the Twstees must not approve Ihe financial statements unless they are satisfied Ihat they give z Irue ané fair view of Ihe state of affairs of the Grow) and the Charity and of their incoming resources and application of resources. including Iheir income and expenditure. for Ihal per￿￿. In prepariThJ these financial slalements, the Tru51ee$ are required lo". select suitable a¢countin9 pohcies ar#J then them congslenuy. observe the methods and princi￿e$ of the Charites SORP IFRS 1021.. make judgments and accounting esiimates thal are feasonable ano pwdenl.. stale whether applicable UK Accountin9 Standards IFRS 1021 have been follo¥4Ed. subject lo wy material departures disclosed and explained in the financial slalemenis.. prepare the financial stalernenls on the 9oing concern basis unless it is inappropriate lo wesume Ihat the Group wll continue in bu51ne5S. The Trustees a￿ responsible for keepiwJ adequale accounb.ng records that are sufficienl lo show and explain the Group and the CITarity's transactions and disclose ¥wth reasonable accuracy at any time the financial P051tion of Ihe Group and the Charity and enable Ihem tg ensure that the f￿anCIal statements comply with the Companies Act 2006. They are also ￿spOnsIble for safe9uardin9 the assets ol the Group and the Charity hence lor taking reasonable $leps for Ihe p￿Vents.0￿ and deteciion of fraud and other irregulanlies. Disclosure of infomation to auditors Each of the persons vtho are Trustees al the lime vthen Ihis Trustees. Report is zpproved has tonfirrned that. 50 far as that T¥uslee is awa￿, there 15 no relevant au&1 inforn)at￿n of which the thantable group's audilors are unaware. and Ihat T¥uslee has taken all Ihe steps lttat Qughl lo have been taken as a Trustee in order lo be aware ol any relevant audit Informalion and lo eslablish thai the Charitable 9roup's auditors are aware ol Ihal tnforrnation. Auditors The auditors, St￿tI5 Audit LLP. ha¥e indicaled thr ilh"ngness to ¢ontinue ￿ office. The deswJnated Trustees 11 propose a motion reappointin9 the audrtor5 at a meetin9 of the Trustees Approved by order of members of the board and signed on their behalf by.. Tru$lees on 6 December 2023 T Willison (Chair ol Trustees) Page 12

PETER80ROUGH ENVIRONMENT CITY TRUST IA Company Limiteil by Guafanteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PETERBOROUGH ENVIRONMENT CITY TRUST Opinion We have audiced the financial statemenls ol Peterborou9h Environment City Trust (the 'parent charitable company'l and its subsidiaries Ilhe 'group'l lor the year ended 31 March 2023 which comprise the Consolidaie¢J Statement of Financial Activities. the ConsdidateL1 Balance Sheet, the Charity Balance Sheet, the Consolidated Statement ol Cash Flows and the related notes. Induding a summary of sKJnificant accountin9 policies. -The financial reportsng framework that has been applied in Iheir preparatw is applicable law and United Kingdom Accounting Standards. induding Financial Reportiftg Star￿ard 102 'The Financial Reporting . Standard applicable in the UK and Republic of Ireland. (United Kingdom Generalty Accepted A¢cwnting Practice). In our opnion the financkal 5talements-. give a twe and lair view of the slate of the Group's aThJ of Ihe parent charitable company'$ affairs as ot 31 March 2023 and of the Gioup's In¢omiTrJ resources and apphcaiion of resources, Includin9 rts income and expendrture for the year then ended.. have been property prepared in accordance Tr•nlh Unrted Kingdom Generally Accepted. Accounting Pracie". and have been prepared in accordance ￿th Ihe requi¥emtnts of the Companies Act 2006 and the.Charities Ac12011. 8asis for ownlon We conducted ovr audit in accordance wth International Stsndards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities undei those standards a￿ lurther described in the Auditor5, responsibililies for the audit of the financial statements section of our report. We are Indepenllent of the Group in accordance with Ihe ethical requirements Ihat are relevant to our au¢rt of the financial statements In the United Kingdom, Including the Financial Reporting Council's Ethical Slandafd. and * have fulfilled rxjr other ethical responsibilitie5 in accordance wlh Ihese requirements. We bel¥e thal the audit evidence we have obtsined is sufficient and appropnate to provide a bas15 for our opin￿. Conclusions relating to going con¢em In auditing the financial statements, we have tontluded that the Trustees, use of the 90ing Concem basis ol accounting In Ihe preparation of the financial slatements is appropriale. Based on the work we have perfomed. we have not idenlified any material uncertainties relating to events or conditions that. iThYividually or cdle¢tivety, may casl significanl doubt on the Group's or the parent charitable company's atslily to continue as a goMIg concern for a peno¢J of at leasi tsvefve months ffom when Ihe financial statemenis are autbofised foT Issue. Our responsibilities and the responsibithbes of the Trustees with respect to 90ing ￿ncern are described in the relevant sections of this repM)rt. Page 13

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limiied by Guarantee) INDEPENOENT AUDITORS. REPORT TO THE MEMBERS OF PETERBOROUGH ENVIRONMENT CITY TRUST I¢ONTINUEDI Other infomiation The other inforrnatson comprises the infomab.on intluded in Ihe Annual Report other than the financial staiernents and our Au("lors' Report thereon. The Tru51ees are responsible lor the other information conlained thin the Annual Report. Our opini(M) on the financial staiemenls does Ml cover the other inforrnalion and, except 10 the extent Olhermse explicity stsied In our report. do not express any lomi of assurance conclusion thereon. Our responsibility is to read the olher information and, iri doing 50. cons￿er bthether the olher information is rnaterially Inconsistent the financi31 statements or our knovAedge obtsined in the coijrse of the audit. or otherwise appears to be maierially misstaieLI. If we ideniify such maieria inconsistencies or apparent rnateipal mis5tatemen15. ￿ are required to deterrnine whelher this gives rise 10 a material misstatement in the financial 51atemenls themselves. If. based on the work have performed. we conclude that there Is a mierial missiaiement ol thbs Olher inf￿mat￿Jn, are requi￿ io report that tsci. We have nothing 10 report in this ￿ard. Opinion on other matters pr•$¢ribed by Ihe Companies Act 2006 In our o￿nIOn, based on the work undertaken in the course of the audit.. the informalion given in the Trustees, Report l¢y the finawal year for ￿th1¢h.the financ1 stalerneTh15 are prepareis Is cons15tent wilh the financial statements. the Trustees, Report has been p￿pared in accordance knith 3ppl￿ble legal requirements. Matters on whl¢h we a￿ reguired to report by exceptl¢)n In the Iyht ol our kno￿edge and understanding of the charitable company and 115 environment obtained in the eour5e ol the audif, we have not Identsfied matenal misstatements in Ihe Trustee5' Report. We have nolhin9 to report in respect of the f￿1￿￿7ng matters ￿ relalion lo whth Companies Act 2006 requires us lo report to you rf. in our O￿nI(MI. the parent tharilable company has nol kepl adequate and suffictent accounting recDrds. or ￿tU￿$ acle4uaie for our audit have nol been ieceived frorn branches not visited by us., or the parenl chaiilable company financial 5131ements are not in agreemenl wlh the accounting records and returns-. or cerlain disd05ures of Trustees. rerrrtmrabon specified by law afe not made.. or we have not received all the InI￿rnation and explafflation$ require lor our audil.. OT Ihe Trustees were not en15Ued to Prepare Ihe financial 51alemenls in a¢¢r>Tdance Ihe srnall companies regime and lake advantage of Ihe small companies. exerrpthMS in prepanng the Truslee5' Report and from Ihe requirement to prepare a Strate9ic Report. Pa9e 14

PETERBOROVGH ENVIRONMENT CITY TRUST IA Company Limitèd by Guaranie•l INDEPENDENT AUDITORS, REPORT TO THE MEM8ERS OF PETERBOROUGH ENVIRONMENT CITY TRUST ICONTINVEOI Responsibilities of Iru$t¢¢5 As explained more fully in the Trustees. Responsibilits"es Statement. the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparabon ol Ihe 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 pfep3ration of finantial 5taiements that are tree from Tnatenal mis5tatemenl, theiher due to Iraud or efror. In prepari￿ the financi￿ sialements. the Trustees are ￿Spon￿ble for assessing the Group's and the parenl charilable company's ability lo continue as a going concern. disdosin9, as applicable. matters relaled lo going concern and using the goin9 concem basis ol accounting unless the Tfuslees either inlend lo liquidate the oup or the parent charitable eompany or to Cease operations, or have no fealistic altetnative but to do so. Page 15

PETERBOROUGH ENVIRONMENT GITY TRUST IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PETER8OROUGH ENVIRONMENT CITY TRUST ICONTIMUEDI Auditors. respo￿lbIlItieS for th• aud5t of the fi￿n¢la1 slatgmgnts Our objectives are to obtain reasonable assurance about whether Ihe financial statements as a whole are free Irom materia5 mis51alement. whether due lo fraud or error. and to Issue an Auditor5, Report thal includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wilh ISAS IUKI will always detect a material mis5talement when il exists. Misstaternent5 can arise from fraud or error and are considered material if. individLJalty or in the aggregate, they could reasonably be expected to influence the economie de￿$￿n$ of useis taken on the basis of these finanual statemenls. Irregulanties. Includin9 traud, are Instances of non¢ompliance with laws and regulalths. We design pwocedtyres in ￿"ne wilh our re5ponsibilib"es. oullined above, to delect matenal missiaiemenls In respect ol irregulanties, Including Iraud. The extent to our procethjres are cap3bk of delecling irre9ulantie5, including fraud is detailed belw Our approach to identifyin9 and a55es5ing the risks ol material misstatement in respect of irregularrties, includin9 traud and non<omplronce wrth laws and ￿gUlations. was as follows.. the engagernent partner ensured that the enga9emenl team Collectively had the appropriate competence, capabilities and skills lo ioentrfy or reco9nise non-compliance applicable laws and regulations". we Idenlifieij the laws and regulations applicable 10 the tompany thiough discussions wth directors and other rnznagement. and Irom our commeroal knowAed9e and experience of Ihe company and sector in which it operales-. we focuseLI on specific laws and regulaton5 which we considered may have a direct rnaierial effect on the financial statements or the operation5 of the charilable company. including the Companies Acl 2006.- Charities Act 2011. axalion legislath"on, ¢Jata protection. anti-bribery. employmenl. enviionmenlzl and heatth and safety legislalion". we assessed the extenl of compliance wlh the laws and reg￿tionS identified above Ihrough making enquines ol managernent and ￿VIeW of legal lees", ar identified laws an¢ regulations were communicated within the audit leam regularly and the leam remained alert to instances ol non•cOmp￿.•n¢e Ihrou9hout Ihe audit. We assessed the susceptibilrty of Ihe company's finanual $￿tementS to material misstatement, including obtaining an understanding of how fraud might occur by". making enquiries of management as to whefe they ¢onsKIe￿￿ there was suscepbbibty to frau¢. their knobvleL1ge of actual. suspected and alle9eé Ir3ud. and considering the inlemal contro15 in place to mibgate risk5 of fraud and norpcompliance wth laws and regulatKJns. To address Ihe risk of fraud throu9h managemenl bi35 and override of contro15. we." performed analylical proceduTes lo Ideniify any unusual or unexpected relalKJnships'. iesied journal entries to Identify unusual transactions-. assessed wheiher judgements and assumptions made in deleminin9 Ihe accountirg estimates set out in Note 3 were IndKative of potential bias" and investigated the rattsOna￿ behind significant or unusual transa¢ty)ns. In response to the risk of irregularites and non-compliance with and regulatK)ns, we desyned procedures ich induded. but were not limiied to". agreeing financial stalement d15cIoswes lo undedying SUPPOrtw)9 do¢umentatw'. 8ding the minutes of meetsngs of those charged with go¥e¥nance". enquiring of rnanagement as to actual and potenbal litl9ation and da¢rTt5. reviewng eorrespondence wlh HMRC. relevant wulators and ihe company's legal adw5015. Page 16

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limit•d by Guaranteo INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PETERBOROUGH ENVIRONMENT CkTY. TRUST ICONTINUEDI There are Inhe￿nI limiialions in our audil procedu￿$ described above. The more removed Ihai. law5 an regulations are from financial IransadkJns. the less likely Il is Ihat Would become aware of norKompliance. Audrtin9 s¢andards also limit the audit pr¢xe￿u￿s reQui￿d to idents.fy non-CO￿p1Ian¢e wth laws and regulations 10 enquiry of the directors and other management and Ihe inspecbgn of reguialory and legal corre5ponden¢e, if any. Material mis51atemenis that arise due to fraud can be harder to detect than those that arise from error as they may Involve deliberate concealment or collusion. A lurther descriplioft of our ￿spOnsi￿.11￿es frjr the audil of the fina￿la1 statements is located on the Firbancial Reporting Councifs websiie at" www.frc.or .ukJauditowes onsibilities. This description fomis part of our Auditors. Report. Use of our report This report 1$ made 501ety lo the charitabk company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. and lo the ehantable company's tru51ee5. as a body, Part 4 of the Charibes (Accounis and Reports) Re9ulaiions 2008. Our autlil work has been undertaken so that we might 51ale lo the charitable company's mefflbers those matters we are iequired lo stale 10 them irn an Auéilors. R2port and for no other purpose. To the fullest extent perrnilted by law. we do not accept or assume responsibility lo anyone other than the charilatAe Company and 115 members. a5 3 body. for wr audit th. for this ￿pOrt, or for Ihe opinion5 we have formed. Robert Anderson 8S¢ FCA (Serwor Statutory Auditor) lor and on behalf of Streets Audit LLP Chartered AccoUn1￿t$ and Statutory AudNr*s 38 Tyndall Court Commerce Road Lynch Wood Pelerborough Carnbrid9eshire PE2 6LR Dale". 11 Decernter 2023 Page 17

PETERBOROUGH ENVIRONMENT GITY TRUST IA Company Limited by Guaranteel CONSOLIDATEO ST ATEMENT OF FINANCIAL ACTIVMES (INCORPORATING INCOME AND EXPENDITURE ACCOVMTI FOR THE YEAR ENDED 31 MARCH 2023 Unr•stri¢ted funds 2023 R¢$tri¢ied lunds 2023 Total fun(Is 2023 Tolal funcls 2022 Notè Income from: Donaiions and legacs Charitable activities Olher tradin9 acliyities Investments 10.289 292.056 745.417 16,348 5,203 1.104.298 15.492 1.396,354 745,417 16,348 18.07Q 972,6S8 693,541 27,118 Total it)come 1,064.110 1.109.501 2,173.611 1.651.387 Exp¢nditvre on.. Raising funds Charitable activities 448.588 273.983 448.588 1.273,378 416,003 965,944 999.395 Totsl txpendituvt 722,571 999,395 1,721,966 1.381,947 Net income before net gains on Investments Nel 9ain$ on thvestments 341.539 10.QOO 110,106 451.645 10.000 269,440 15 Net ineorne Transfers befften funds 351.539 156.730 110,106 1156,7301 461.645 269,440 18 Net movment in fund5 S08.269 146.6241 461.645 269.440 Reconciliation of funds- Tolal funds brought lory¥&d Nei movement irn lunds 1.148.701 S08.269 344.666 146.6241 1.493,367 461,645 1,223,927 269,440 Total lunds ¢arried forwar 1.6S6.970 298.042 1,95S.012 1.493,367 The Consolidated Stalement of Financial ActNiles ￿)CludeS all gwns and 1gsse5 rec09r￿Sed in the year. The notes on pa9es 24 to $3 fofm part ol these financBI statements. Page 18

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranteel REGISTERED NUMBER= 02834975 CONSOUDATED BALANCE SHEET AS AT 31 MARCH 2023 2023 .2022 Not• Fix•d as$•ts Tan9ible asse15 Inve¥tment p¥operly 14 31.003 210.000 29. 145 20Q.000 15 241,003 .229..145 Current assets Debtors Cash al bank and in hand 16 772.542 1,353,237 487,921 1,038,489 2.12&779 1,526,410 Credi¢ors.' amounts fall￿g due vithin c year 17 1410.6221 (261,040) Net current ass•ts 1.71S.157 7,265,370 Total assets less current liobililies 1.956.160 7.494.515 Provisions for liabilities 11.1481 fl. 1481 N•t assets 1.955,012 7.493,367 Total net assgts 1,955,012 1,493.367 Page 19

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Gltaranteel REGISTEREO NUMBER- 02834975 CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2023 2023 2022 Note Charity funds Restricted funds Unreslrided funds 18 18 298.042 1.656.970 344.666 1, 148.701 Total fund5 1.955.012 7.493.367 The Trustees acknowkd9e their le$￿S￿b￿rtIes for comply.ng knilh the re4uirerf*nls of the A¢1 %%4th ￿SpeCt lo accouvting records and preparaiion of ￿nanCIal statement5. The financial statements have been prepa￿1 n accordance Ihe provisions applicab￿ to entities subject lo the small companies re9ime. The financial slatemenls were apwo¥ed and authorised lof Issue by Ihe Truslees and si9ned on their behall by. . tTr-L 6 December 2023 T Willison Ichair of Trustees) The tK)tes on pages 24 to $3 lomi part of these finanual slatements. Page 20

PETERBOROUGH ENVIRONMENT crry TRUST IA Company Llmitert by Guaranleel REGISTEREO NUMBER= 02834975 CHARITY BALANCE SHEET AS AT 31 MAR¢H 2023 2023 2022 Not• Fixèd 05¥9ts Tansible assets Investmenls Investment propewty 14 3.984 5,467 15 210.000 213.985 205,468 Cumnt a558t5 Debtor5 16 n1.563 1.153.534 553,938 790,904 Cash at bart and in hand 1.925.097 1.344.842 Creditor5. amounts lallin9 due within one year 17 1327.9191 (192,921) ¢1 ¢ury•nt a$$•ts 1.597.178 1.151,921 Total assets less current liobslities 1.811.163 1.357,389 Net assets 1.811.163 1,357,389 Totsl n¢¢ assets 1,811,163 1.357.389 Pa9e 21

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limiled by Guaranteel REGISTERED NUMBER.. 02834975 CHARITY BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2023 2023 2022 Not• Charity fund$ Restricted lunds Unresintled funds 18 18 298,042 1.513.121 344.666 7.072, 723 Total fund5 1.811.163 1.357,389 The Charily's nei movement in fw)ds for Ihe year was £453.774 f3022- £253.308?. The Twslees aCkno%￿edge their responsknliknes for tomplw.ng tAith Ihe reqltirements of the Act wrth respecl to a¢￿untIng records and preparalion ol financial stalemenl$. The financial 51alemeni$ have been prepared in accordance v•ilh the provi510n5 applicable lo entities subject to Ihe srnall companies regime. The financial staternenls approved arnl auihorised for Issue by the Tru51ee5. on and signed on th*r behalf by" 6 December 2023 T Willison Ichair of.Trusteesl The noles on pa9e$ 24 to 53 fom) part ol these finan￿￿ statements. Page 22

P£TER80ROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guarontttl CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 Cash flows Irom operatin9 activiti9$ Nel cash used in operab.ng acbwties 313.229 .122, 7.13 Cash flow5 froffl inve$tin9 activilies Diwdends. interests and Tents from investments Purchase ol langib5e fixed assets 16,348 114.8291 27.118 19.6981 Net cash providèd by investing activitie5 1,519 17,420 Ca$h flow4 from finanting a¢ti¥iti•s Net ¢a$h provided by financing activities Change in cash and cash equivalents in the year Cash and cash equIV￿entS at the beginning of the year 314.748 140,133 1.038.489 898,356 Cash and Cash oquivalents at thè end of the year 1.353.237 1,038.489 rhe notes on pages 24 to S3 fom part of these financi￿ 5t3ternent5 Pa9e 23

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limired by Guoranteèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 General Infomiation As set out in Ihe Trustee's Report. Peterboiough Erwiionment City Trust is a charitable company registered in England and Wales. The prinupal office of the cornpany 15 Harn Lane House. Ham Lane, Orton WateNille. Peterborou9h. PE2 SVU. The principal obje￿1Ve of the charrtable company is to work %wth comrnunrties. schools. businesses. local authorities and valunlary organisations io deh"¥er woiects that help build sustainable communities in Petertx)rough and beyond. A¢¢¢)unting poli¢ies 2.1 Basis of preparation of financial statements The financial 5tzlemenls h3ve been prepared in accordan¢e wlh the Chantie5 SORP IFRS 1021- Accounting and Reporting by Chafities.. Statemenl of Recommended Practice applicable lo charities preparin9 theif accournis in accordance wth the Financial Reporting Siandard applicable in the UK and RePU￿7C ol lieland IFRS 1021 leffecbve 1 January 20191, Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 20￿. Peterborou9h Enwronment City TnJst meets the definib.on ol a Publ￿ benefit en￿"ty under FRS 102. Assets and liabilities are inthally recognised at htStori￿I cost or transa¢tign value unless othernwse staled In the relevani accoun￿9 policy. The Constslidafed Statement of Financial Activi￿.e$ ISOFAI and Consolidated Balan￿ Sheel consolidate the finanual statements of the Charity and its subsidiary undertaking. The results of the subsidiary are con501idated on a ￿"ne by line basis. The res￿15 01 Ihe subsidiary that was being liquidated during the year have not been induded wthin Ihese financial ststemenls. The Charity ha5 tsken advanlage of the exernption allowed under section 408 of the Cornpanies Acl 2006 and has nol p￿sented rts own stsiement of Financial Activrties in these hnan¢Aal statements. 2.2 G￿n9 concern The Trustees asses5 whethw the use of going concem Is appropriate. i.e_ whelher there are any material uncertainlie5 ie131ed lo event5 or conditws Ihal rnay cast significant doubl on the alylity of Ihe charity to Continue as a going corKern_ The Truslee5 rnake this a5$essment in respect ol a penod of 31 least one year trom the dale of aulhorisatson for issve of the financial slalements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable fulure anLI there a￿ no Tnalerial un¢ertaintses about the charily's ability lo conlinue as a going concem. thu5 they continue to adopt the going contern ba515 01 accouniing In prepanng the (￿anCial slatemenls. Page 24

PETeR8OROUGH ENVIRONMENT CITY TRUST IA Company Limiled by Guorantoel NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Icontinutdl 2.3 Income All Income is recognised once Ihe Charity has enkntlemenl lo the income, il i5 probable that.the income TrMII be received and Ihe amount ol incame receivable can be measureo reliably. Grants are inclLJded in the Consolidated Slalemenl of Finanual Activities on 3 ￿CeIVable basis. The balance gf income received for specific purposes but noi expended during the penod is shown in the rdevanl Ivnds 9n the 8alance Sheet. Where Income is received in advance of entillemenl of receipt.. rts rewnition is deferred and included in credrtors as deferred Income. Where enlrtlernent occurs before income is received. the Income Is accrued.Grants have been reclassified as Charitable Acbvities In the current year and ac¢ordingly Ihe comparative has been reslated. Income tax Tecoverable in relation to ¢Jonat1￿S receiveL1 under Gift or (leeds of covenant Is fecognised al the time of the donalnn. Income tax recovefable in relaiicx) to invesknent income is recognised at the Ime the investment in¢ome is receivable. Other Income is reccgnised in ihe period in vthith it is recewable and to the extent the goods have been Pfovided or on completion gf Ihe service. 14 Expenditure Expenditure is recognised once there is a le931 or constructive obli931ion to transfei economic nefit lo a third party. it is probable that a transfer of economic benefits wll be require¢J In Sett￿ment and the amount of the obligatK)n can be measured feliably. E¥pendilure is classified by aciivity. The cosis of each a¢b"vily are made up of the total of direct costs and shared costs, including support cosls invdved in undertaknn9 each activity. 01￿cl cosls attributable to a single acbvty are allocateL1 OiTectty ro that activity. Shared c0515 which contributp lo rno¥e than crt)e aclivily and support costs thich are noi attribulatAe to a &ngle activity a￿ apporti¢)ne<l between those acliwties on a basis consistent *ith the use of resources. Central Staff costs are allocateé on the basis of time spent. depreciat￿￿ charges allocated on Ihe portk)n of the a55et'S Use. Expenditure on charitable aCtiw￿$ Is Incutyeo on direclty underiakirg the a￿1vItIeS which further the Group's obieciive5. as wem as any associaled support costs. Al expendrture 15 inclusive ol irrecoverable VAT. 2.S Int•r•st r•¢ei¥able Interest on funds held on deposr( is included when receivat4e and the amount can be rneasured liably by the Group,. Ihis is normaly upon nolificalion of the interest Pa￿ or payable tiy the instit￿lOn vthh whorn Ihe funds are deposiled. Page 2S

PETER80ROUGH ENVIRONMENT CITY TRUST IA Cornpany Limited by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢counlin9 policies (continued 2.6 Tan9ibl• fixed ass•ts and dgprn¢iatio Tan9ible fixed assets costsn9 £1.000 or more are capitalised and recognised ￿eTh fijture economi¢ benefrts are probable and Ihe cost or value of the asset can be measwed ￿liablY. Tangible fixed assels are Initially recognised at cost. After recognition. under the cost model, t3n9ible fixed assets are measured ai cost less accumulated depreciation ant1 any accumulated ImpairTnent 105se5. All ¢ost5 incurred to bring a tangitle fixed asset Into ils intended workillg eondition 5houkl be Included ￿ Ihe measurement of cost. Depreciation is ¢har9ed so as to anocate the cost of tsngible fixed assets l•ss their residual value over Iheir estimated useful lives. using the strawht-line method. Depreciation is prov¢detl on ihe followng bases." Motor vehdes Fixtures and fillings Computer equipment - 25% per annum on cosi 15% and 25% per annum on cosi 20% and 33% per annym on cost 2.7 Invesknenis Fixed asset Investments are a fom of finanual instrument and a￿ initially ￿¢09n1$ed al Iheir transaclK)n cost and subsequently rneasured ai fair value al the 8alsnce Sheet date. unless the value ￿nn0t be measured reliabty In which case it is measured at cosl le$$ impairmenl. Investmenl gains anil k)sses. whether ￿all$￿j 01 ￿n￿alIsed. are ￿rnbIned and presenteL1 a$ 'Gain￿{Lo$Se$l on investments. in the Consolidaied Statemeni of Fwwncia AGtiwties. Invesbnents in Subs￿l8r￿ are valued ai tost less wowsion for ImpainY*nt. Inve$tment property is held at markei value. 2.8 Oebtors TraL1e and tsther debtors a￿ ocognised al the sett￿rnent amount after any trade discount offerefl. Prepayment5 are valued at the amotsnl p￿pai(j net ol any trade di5count5 due. 2.9 Ca¥h at bank and in hand Cash at bank and in hand includes cash and short-tem highty liquid investments with a short rnaturity of three months or less from the date of acquisition or opening of the deposit or similaT account. 2.10 Li4bilitl•$ Liabilities and provisions are recognised ￿en there is an obligation at the 8alance Sheet dale a$ a result of a past event, it 15 probable Ihat a tr3r15fer of econornic benefii will be requyed in settlement, and the amoLJnt ol the settlement can be estimated reliably. Lia￿li￿e5 are recognised at Ihe amoynt Ihal the Charity anticipate5 il will pay to setlle the debt or the amount it ha5 recewed as advaneed payThenls foi the good5 or services It must provide. Pag¢ 28

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 202J Accounting poli¢ies Icontinuedl 2.11 Deferred tsxatlon Full wovision is made for deferred lax assets and liabl.1￿leS arising ffom all timing differences belween Ihe reeoynrtion of gains and losses n the finartial statèments and recognition in the tax ¢omputalion. A nel deferreil tax asset is recognised only if it can be warded as MO￿1¥ke￿ than not that therè.will be suitable 13xable Surp￿Se5 Irom which the fijlure reversal of the underfwng tining differences can be deducted. Deferred tax a$sels and lia￿'litieS are Cakulaled at the tax rales expected lo be effective al the time the timing diHerences a￿ expected lo reverse. 2.12 Financial instruments The Group only has fin￿cla assets and ffinarKial liabililies of a kind that qualify as basic finarKial instruments. 8a5ic finan￿￿ Inst￿MentS are initially recognised at transaction value and subseqvendy measured at their settlemenl value. 2.13 Op•rats"n9 leoses Renlals under operating leases are charged to the Consolidated Statement of Finawal AclNities on a straight line ba$15 over the lease tem. 2.14 Fund ac¢ountpng Genera funds are unrestricled funds which are a¥adable for vse at the d15¢retion of the Trustees i furtherance ol the general obJ"ectives of the L>oup and whKh have not been desi9nated for other purposes. Degnared fvnds comprise Un￿$1￿￿e0 Ihat have been set aside by the Trustees lor parii¢ular purposes. The aim and use of each degnated lund is set out in the noies lo the financial 5talemenls. Restricted funds afe lunds vknich are to be used in accordance wilh specific restrictions imposed try donors or vthich have been raised by the Group lor particulai purposes. The costs of raising and adminisiering such funds are charged against the specific lund. The asm and use ol each restricted funiy is set oul in the notes lo Ihe financ¢al siatements. Investrnent incorne. gains and1955e5 are all¢xaied to Ihe appropnaie fund. Page 27

PETER8OROUGH ENVIRONMENT CITY TRUST {A Company Limited by Guaranieel NOTES TO THE FINAPICIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 AccoLtnting polici85 (continued Critical accounting •$timates and areas of judgment Estimates and judgments are coniinually evaluated and are based on historical experience anLI othef factors. indu¢Jing expe¢tahons of luture events that are believed lo be reasonable under the circumslan¢es. Critical accounling estimates and a5sunwtions.' The charity Makes eslimales antl assurnplions con¢eming the future. The resulting attounting estimates and assumption5 will. by definition, seldom equal the related actual resuhs. The key sources of estimation uncertainty that have a svJnificani effect on the amounts fecognised in the financial statements are described beb)w". Allocalion of costs - Direct expenses are tharged to Ind￿¥jua1 cost centre5 wherever possible. Where costs cannot be directy attributed to particular acltvilies. Ihey have been allo¢ated on a basis consislent th the use of Ihose resovrces. Intangl￿e fixed assets are recognis¢d al cost or valuation. bess accumulated amortisalion and arny impairment. Amorlisalion lakes place over Ihe eslimaled useful hfe. dovm to 8ssessed resKlual value. The ca[￿ng amount of the charity'5 Intangible fixed asseis is tested as soon as changed eondititsns show Ihal a Deed for irnpairmeDI has arisen. Tangible fixed assets are recognised at cost or ¥alualion. less accumulateij depreciation and any impairment. Depreciation t3kes place over the esbmated useful life, down lo the a5se55ed residual value. The carryiry arnounl of the chanly s tangl￿e fixed assets is tested as soon as changed conditions show that a need for impairrneni has ansen. The valuation of freehohl and Investment property is based on the Tr￿lee$. evaluation of the market, which Is judgement￿ and based on a55umpth?ns. Al the 31 March 2023 the Truslee's commissioned an IndepeThJenl valuer to provhle an estimate of Ihe market value ol the property at the balance sheel dale. This estimated market value has been rellected In the financial statemen15. Page 28

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incorne from donations and legacies Unt•stricted R•$tricted lund$ lunds 2023 2023 Totsl funils 2023 Ivnds . 2022 Oonat'on5 10.289 5.203 1S,492 18,070 Tolal 2022 3.869 74.201 18.070 lricome from Charitablg a¢livilies Unre$tri¢ted Re5tri¢tsd funds funds 2023 2023 Tolal funds 2023 Total lunds Enwronmenlal consefvatKm and prOtect￿n Grants Govemmenl grants 292.056 175.981 396.105 532.212 468.037 396.105 532,212 245,248 311,091 -356.319 292.056 1.104.298 1.396.354 912,658 Tolel 2022 154.946 75T. 712 912,658 Ineome Irom trading activities Income from non charitsbl• trading acts"vib"•$ Unrestricted fvnds 2023 Total funds 2023 Total funds 2022 Tradin9 income IGESI 745.417 745,417 693,541 rwal 2022 693,541 693,541 Page 29

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 Investsnent Income UnrestrTrcted funds 2023 Total funds 2023 Total funcls 2022 Rental income Bank interest 13,657 2.691 13.6S7 2.691 25,118 2,000 16,348 16.348 27,118 Tol 2022 27.118 27,118 Expenditure on raislng lurtds Othr trading expenses Unrestricted fvnos 2023 Totsl fund$ 2023 T￿aN liinds 2022 Cost of sales Adrninislration expenses Adrnini5tration 51aff costs 84,141 60.548 293.658 10,241 84,141 60,548 293.658 10,241 107,063 62.695 237.269 8,976 Admini51raknon depreciaiion 448,588 448,588 476.003 ToÈ812022 416.003 416,003 Page 30

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guafanteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 MARCH 2023 Anaty$i$ of •xp•nthture by a¢llviti•s Activities undertak•n threctly 2023 Support tosts 2023 Totsl funds 20Z3 Tolal .lunds 2022 Environmentsl conseNation and protection 303.828 969,5S0 1.273,J78 965.'944 Total 2022 242. 134 723.810 965.944 Analysis of direct costs Total funds 2023 Tolal lunds 2022 Conferences and events Proect eosts Su1xontra￿ costs 4,J28 91,411 208,089 292 104.498 137,344 303.828 242, 134 Page 31

• PETERBOROUGH ENVIRONMENTCITY TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure by activities Iconllnuedl Analysls of support cos Total funds 2023 Tolal funds ?Q23 Staff costs Depreciahon Training Rent and rales Light. heal and power Insurance 782.180 2.720 9,723 11,065 5.916 3.4S7 5.258 611.861
• 762 6.684 14,798 4.170
• 183 3,606 Repairs and maintenance k li Telephone and fax Compvlers Prinling. poslage and Slationary Cleaning Travel and subsisience 1.140 14.709 2,598 2,800 17.035 40.611 23,493 6,302 3.283 7,500 28,531 1.229 1,368 25,269 1.633 3.287 6.024 Marketing Provision for bad and doubifvl debts Legal Profes￿Onal fee5 Accountancy and bookkeeping fees Governance costs- audjl reMUnerat￿)n Other support costs Bank charges (4.705) 7.679 2,518 7.500
• 797 809 969.550 723.810
• Auditors. remunerati¢)n 2023 . 2022 Fees payable ¢0 the Charity's audrtor for the audi¢ ol the Charity's ￿nUal accounts 7,51XI 7,500 Fees payable lo the Charity's auditor in respec¢ ofr All non-audit ser¥i¢es not induded abgve 3.283 1.893 Pa9e 32

PETER80ROUGH ENVIRONMENT CITY TRUST IA Company Limilod by Guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Staff costs Group 2023 Grt)UP 2022 Charity 2023 Chanty 2Q22 Wa9es and Salaries 1.07S.838 849. 130 782.180 617.861 1.075,838 849. 130 782.180 671,861 rhe average number of persons employed by the Charity duriryJ ¢he year was as folbws. Group 2023 No. Group 2022 Charity 2023 o. Charily 2022 Management and adminislrab.on Charitable a￿￿tIeS 33 28 24 19 36 37 26 21 No employee re￿r¥e0 remunerati￿ aM￿nting to more Ihan £60.000 in erther year. The lolal reM￿ne￿a￿On and benefits received by key management personnel was £58.667 12022 £51.4291. 12. Trustees, ￿MUneratIon and expenses Dvrin9 Ihe year. no Tiuslees received any remuneratKsn cv other benefils12022- £NALI. During Ihe yeai ended 31 March 2023, no Trustee expenses h3ve been Incurfed (2022- £NILI. Page 33

PETER80ROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH 2023 13. Inlangible as5et5 Group Goodwill Co$¢ At 1 April 2022 37.800 Al 31 March 2023 37.800 Amortisation At 1 Apnl 2022 37,800 At 31 M*eh 2023 37,800 Net book value At 31 Mareh 2023 At 31 Mèrch 2022 Page 34

PETERBOROUGH ENVIRONMENT crry TRUST IA Company Limited by Guaran￿) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AIARCH 2023 14. Tangible ffix•d assets Grwp PAotor Fix￿1¢$ and ¥ehicl•s fittings Computer quipmènt Totsl Cost or valuation Al 1 Apnl 2022 Addition5 Disposals 33.198 1,251 19,7761 13.578 12.0361 14,829 ii'f.-8121 Al 31 March 2023 4,O¢JO 69.590 24.673 98.263 D8preciztion At l Apnl 2022 Char9e for the year On disposals 1.866 998 34.123 10.237 11.8061 30,112 1.506 19,7761 66.101 12,741 111,5821 At 31 March 2023 2,864 42.554 21.842 67.260 Net book Valu• Al 31 Mar¢h 2023 1.136 27.036 2,831 31,003 At 31 March 2022 2. 134 23.925 3.086 29. 745 Page 35

PETER80ROUGH ENVIRONMENT CITY TRUST IA Cornpany Limited by Gwranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Tanglble fixed assets Icontinuedl Charlty Motor Fixtures and Vehicles fjitin9$ omputer equipment Totsl Cogt or valuation At l April 2022 Additions Disposals 4.000 6.549 33.198 1.251 19.7761 43.747 1.2S1 111,8121 12,036} Al 31 Marth 2023 4.000 4.513 24.673 33.186 0gpf•ciatlon At 1 April 2022 Charge for the year On disposals 1.866 998 6,302 30.112 38.280 2.504 111,5821 19.7761 Al 31 Maich 2023 2.864 4.496 21.842 29.202 Net book value At 31 Marth 2023 1.1 17 2,831 3.984 At 31 March 2022 2. 134 247 3,086 5.467 15. Inv#stm8nt prop•rty Group Freehold investment property Valuation Al 1 Apnl 2022 Surplus on reValUat￿ft 200,000 10.000 At 31 March 2023 210,000 Page 36

PETEReoROUGH ENVIRONMENT CITY TRUST IA Company Limiid by Guarant•el NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 IS. Investment property l¢onlinuedl Ch8rlty Freehold in¥ostmnt property Valuation Al 1 April 2022 SurplLts on fevaluation 200,IKIO Al 31 Marth 2023 210,000 Al the 31 March 2023 the Trustee's Gommissioned an independent valuer to provide an eslirnale of the market value of the property at the balan￿ Sheel date. This eslimaied market value has been reflecied In the financial 51atemenlS at £210.000. Investments In subsidiary cornpanies Charity Cost or Valuation At 1 Apnl 2022 Al 31 March 2023 Net book value Al 31 Marth 2023 At 31 M8rch 3022 Page 37

PETERBOROUGH ENVIRONMENT¢trY TRUST IA Company Limited by Gu3rant•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 16. Debtors Group 2023 Group 2022 Charity 20Z3 Charity 2022 Due within one year Trade debtors 339.369 195.843 67.960 278.261 72,202 267.406 Amounts owed by group ￿dertak￿95 Other debtors Prepayments and accrued inco 69.267 223,811 433.173 425,342 220,330 772.542 487 921 771.563 553.938 17. Crethtors: Amounts falling due one yaT Group 2023 Group 2022 ¢haYity 2023 Chanyy 2022 Trarle creditors Other iaxalion and sotial security Other creclitors Accruals and Ileferred income 55.358 70.702 55.073 43,IIT I,oii 161.839 33.780 17,410 36.644 1,511 696 154,070 279.718 2T1.885 410,622 261,040 327,919 192,921 Group 2023 Group 2022 Charity 2023 Charity 2022 Deferred in¢orne al 1 April 2022 Resources defeired durin9 Ihe year Amounts released fvom premus peritids 132.238 253,631 1132,238 91,761 132,238 191, 761) 132.238 253.631 1132.2381 97. 761 132.238 (91, T61} 253.631 132.238 253.631 132,238 Deferred incorne represents monies ￿CeNed in advance for variws charilable projects and iiE membership. Page 38

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Lifflited by Guarantee) NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. stsi•mont of fuThd5 stst•ment of lunds- ¢urr•nt yèar Balance at 31 March 2023 8alanc• at 1 April 2022 Transf•rs inlo Gainsl ILosse$l I￿oMe Exp•nditure Unr¢$tritted funds De5ign•t•d funds Desi9naled Funds 9.502 302,345 1263.9B3) 16.0721 41.792 G•n•ral funds General Funds 1.003,298 16,348 441,683 10.000 1,471.329 Subsidiary Company Fund 135.901 745.417 1458.5881 1278.8811 143,849 1.139.199 761,765 1458,588} 162,802 10.000 1.615,178 Totsl Unre5trict•d funds 1.148.701 1.064,110 1722,5711 156.730 10.000 1.656.970 Page 39

PETERBOROUGH ENVIFIONMÉiifciTY TRV5T lAC￿PanYUmiI￿ by G¥4rant•el NOTÉS TO THE FINANCW STATÉII4TS FQR YHE YEAR ENDED 31 PLWICH ¥23 18. Ststemeht DI Ica￿￿￿￿) Tnnslft Galnsl ILossosl Balance at 31 atch 202J Awil 2022 R•51ri¢ted lunds Healthy S¢￿01$ MEES waim Hom•$ 2018 Foresi Fw Perbow Tourism Maps F¢nlArt wil￿lIe C¢￿￿[¥ CO(%L Fotsj 8 cr￿ FotslPro L￿e wThtemil Fenlp EKCT P￿11￿￿11￿ peIert￿ Grow￿g O(¥¥thor Ea?tem Energy BESN 2020 BESN ItegR)n41 Lead 2020 8GL Vol￿1+r Suw 67. 35.343 39.626 31.353 15.148 $6.332 {ts3.ge6) 90.280 {35.3431 1,5341 6.159 {8.1421 14.543 19.9S3) 42.702 15.410 (4.3441 123.382) {15.W61 12.604) 2.J23 16 29) 1109.0561 9D.168 {123.9061 120.3181 1s7.ieoi 1,701 2.31$ (2.523} (p.wJi (106.7341 9,7157 138,$41} 177.249 {1,34q} (1.08$) 1.085 148 215.430 1191.J701 15.13S CommunKty F[￿9￿$￿￿rth Energy Redteis Gmeffl Rectyery F<Yesi tor Jllhn Claie Couhirys JuniorForesiers UKPN Cafflbndge 8uSiness LirtolnSIM JCC c￿ell Recovery RSA Cal￿￿ BESN Regional C￿￿￿￿20ZI BESN Rryi¢NTral Lead 2021 NLOW Fairn EDCD ClimattrChJnge Awvwaiei Effitsi¢y W4rter Energy Grant$ Wonder W¢ffta waim H<xnex cÈrntr￿dfje 20Z2 1.077 112.wl 74.fj61 19.280 t13.3S31 11.05 s.es) 2.255 2.721 J.184 2.318 {1.824) 96.958 6.959 3.8D1 {4.9761 15631 1.824 {2.2$5) (116.313} 9.370 6.487 1125 4.255 1.313 1.872 11.22 2.3 24$ 3.516 13.218Tr (9.245) 116.1381 1.220 4.002 {2.6qO) 1.820 67 15.333 138) 19.3a4} 11.29• 19,465) 11.7%) (82.2Jl Yr8nsferfioffl Ge￿101 F Community FDC Emcharter FDC eal Ptsrnp Re4¢Jy CJrrkntYgeshYe BesN Ch*wK)n 2D22 BESN Reoorol le￿ 2022 Konifing Il Back WAnn Camtss Coth ano Eai Green AMbasu￿r5 seNE p￿1￿70101 Paths centr￿ LOT CHESS IVK PANZ Purnp Ready Phase 2 EOP Charryth 2023 202.852 122.228 {475} 19.9881 {12.15n 12.6$61 36.649 15.725 11¥7S P.5691 1296) 18,724 12,123 4.774 12.837 98.910 23.073 {80.1911 {1Q.9491 14.950 33.407 {40.5231 (9191 (61 16.5751 13S {11.05al 117.49B) J.324 .J?4 40

PETERBOAOUGH ENVIRONME14T CITY TRUST lAC¢￿n￿L￿Drtto ty&Jawan&tl OTes TO THE FINA14Gi4i STATEMEMTS FOR ThE YEAR EIIOED 31 IIARCH 2023 11. 5titwnent ol tund5 I¢oniinu•d) Tr•n¥fevs G￿n ILos$e51 April 2Q22 Inrtyn• Expenthfvr• rch 2023 EOP Rty¢)n￿ L•Jd 2023 7.1 7,108 {4TII 1477) (11.727) Sl Ives Miryo G On Ya 8ikg 25.216 16 286 34•.666 1.109.501 1999.3991 115S.7JOI 3Y8.042 Total olfvnds I.495￿? 2,173.611 11.721.986> 10. 1.9SS,012 Pape 4)

PETER80ROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guafanteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Statgm¢nt of fvn(ts (coniinu￿I D•si9nat¢d Funds Oe$ignated fvnds are general funds that the charity has deswated to hek speafic projec15 run by the charity. Where there are defiul funds, these be settleil Ihrough 9eneral funds on completion of the projecl or actiwty. Restricted Fwd$ Tbe defiut balances on restricted funds wll be deared by general lunds at the end of Ihe project. The negative fund balances ￿lhI￿ reslricled reserves are cove￿ by the transfer from general reserves al the balance sheet date. Healthy Schods Healthy School$. Food Smart. The pioject is ￿ support pnmary school$ an¢J earfy years serwces t adopt a positive approach toward5 nuirition. E55 Project to plot Ihe technical delivery of Ihe w MEES re9ulation Mlhin Pelerborough and Cambrid9e Cily. Warm Homes The projects airn to tackle fvel poverty artd inuease energy e￿￿1￿ncY. T￿"9 year PToJecl$ have induded CHESS and Warm Home Cambndge. Forest For Pet•rborough The project started In 2010 aiming to p￿1 over 230.000 trees in arml around the ¢ty and surroundin9 countryside by 2030. Tourism Maps Fun¢$ held for Peterborou9h Travel Ch￿ce from the sales of Petefborou9h Toufism maps. Fund lo be used to promote and support sust3￿at4e iravel across Pelerborough. OOL Food PRO The aim is creating an applKation to encoura9e Cate￿r$ to makin9 behaviotsr ¢harvJ?$ around their 'menus to Inspire habits to ieduce their ca(bon lootprint. B-Lines PECT Is enhancing the natural heiiiage of Ihe city. improving its bh)dwersity ané ￿aling pollinator- friendly areas. We're working 19gether ?th 8uglife to reverse the dechne in pollinator number5 by creating a ne￿Ork of wldfl¢)wer paihways IB-Iines). linking together extsth.ng habilais In the city and ra15ing awareness of the importance of wldnower planting. Whitemill anl Glassmoor Delivery of energy a(fvKe events across Fenland to support ¥e&denlS to lower their energy bills. Training was also undertaken by front line vffjrkers to enable them to provide basic energy advKe to service users. EKCT Pollinating Peterborough Working with five community group5 to create pollinator-frienthy space5 iTh Iheir ne￿ht￿jrh00d, raising awareness of the plight ol bees and powinators. enhancing the undersianding ol the inportance of wildflower plantin9. Pa9e 42

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Ststgm•nt of lun(ts Icontinu•dl Growing Cgmrnunltie$ 009$thor The project In¥ol¥es wilh resident5 in the Gladstone afea, transfoming and enhancing 20 communal green space5 into attractive. biodiverse places. Eastern New Energy An ERDF fundecl project dehvered under PrKJrity Axis 4 and focused on low Carbon. PECT is delivering an SME grant scherrÉ lo supwt investment by small trJsi￿sseS in energy efficiency and renewable energy. BESN Champion and Regional Lead Working lo support enefgy champions across the Easl of England lo deliver energy sur9eries and provide energy advice to residents. Blueprint Wofking to creale a circular ecwmy and Improve recyclin9 rales across Peterborough. Funding through the Interreg. Comfflunity Fridges March PECT estaNished a community IrKJ9e In N¢y1h March. which is helpro reduct food waste ai Ihe same lime as prowding tree food for the local communily. PECT brought together and trained a team of vdunteers to manage the fridge and the food debvery. ensuring long-term sustainabl￿"1Y of the project.. Energy Rdrgs$ Tackling fuel poverty across cam￿"dgesh￿e using ftJndin9 from Energy Redfes5. Gr••n Recovery Forgst For Peterborough To 5UPPOrt communitie5 to plant o¥ei 13.000 trees a5 Part of the wdei Forest for Pelerborough proJecL John Clare Countryside To work wlh communities. parishes and land¢￿er5 to help 5UPPOrt Ibe doubling nature obJeclive5 through a range ol habitat Crea￿"0n progfammes, inswred by the poet John Clare. Junior Forester5 Workin9 Wlth sludent5 to teach them a ranye of fortslryased skills and to en¢oura9e them into natuie. The course is designed ¢0 support them as 3 new team over a six-4eek petiod an¢ getb"n9 hand5 on practs"c¢ skll5. UKPN Cambridge ra¢klin9 fuel poverty a¢r055 Camlyidgeshire using funding Irom UKPN. Business Lincoln5hir¢ Srnall and medium sized busintsses in Lincolnshire tan access free expert advice and grants lo grow their busirsess after lundin9 was secured by Lincolnshire County Counca from the European Regional Developrnenl FunLI loi a three-year programme to boost local economic w04￿h. PECT provhles specialist ofvsite fesource effiuency support. Gr9•n Ro¢ov•ry John Clare Country&de To work with communiiies, parishes anil land0￿￿r$ lo hdp stjpport the doubling nature objeclives through a range of habital creation programmes. Page 43

PETER80ROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranieel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Stst•ment of funds Itonlinuedl RSA Carbon R•duction Empowei and 5UPPOrt indiwduals tts make lifestyle change5 10 live more sustainably and reduce their carbon footprint. Thfotsgh traintng vdunteers io aci as Ambassadors to share learnirvjs and inspire other5 wlhin their communrty to live more 5U513inably. NLOW Fam TvAnnlng Vvorking lo Inspire schools and favmèrs to trezte and enhance wildlife habitats ai farms wiihin ihe CambrKlge$hire Fens. ECOC Climate Change Supp¢)rting East Cambridge 015trict C<Mmd" 7•itlh ilwr dimate chaNge agenda. AW Watrr Efficiency PECT works Anglian Water customers across Peterbo¢ou9h to educate them about the importance of water meiers and Ihe how to save water. Alongside Ihis Popwps were held thrtsughoul Ihe community to engage the kxal eommunity. provide informab.on on a range of Anglian Water initiaiives. Winter Energy Grants Distribution of energy grants to reshlents across cambrk1gesh1￿. Wonder Woman Working with J small audience to 5UPPOrt the uptake of heallh eab"ng. Wami Homes Dislrknution of energy grants to residents acr055 CwnbrHl9eshwe. Viridor Supporting Forest ffC￿ peterbOr￿J¥th and ￿1n¢ in the ¢realion of improved habitats. Community Fridge Fenland PECT have been WOfkin9 to Identfy ars appropnate location an4 community to Set up and r¥n a comrllunity frKlge Whiluesey. Fundei. FenLand D1511id Cwncil. Eco Charter PECT's E¢0 Charter support5 environmenlal education in sth0015". encouraging gver 40,000 5ludent5 3 year to think sustainably and colledivety reduce Iheir impact on the environment. We act as a single point of contact fof 5CtK)ols and olher providers to facilitate a ¢ollaborath"ve and coudinaled approach tD sustainable education. Funder." Individual Schools. Easl cambridgeshi￿ DislTiCt Councd. Fenland District C¢yJn¢il Heat Pump Ready PECT support Ihe tjevelopment ol ¢wlimised deployment of domestic heal*umps in hI9￿￿ensIty areas". U51ng rural Cambridgeshire as a test bed for Innovats've ie¢hnologie$ to reduce costs lo Consurners. minimise bairiers lo uptake, improve repeatability of performance and undersland irnpacls on the nai￿nal grid. PECT 5UPPOrted on the communty engagement and communKalions on the programme. Fun¢er" City Science IBEISI Kanifing Strategic support relahng 10 waste prevention and communrty engagement and for the Municipality of Kanifing IKMCXI in the Gambia. Page 44

PETEReoROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2023 18. Stat•m•nt of funds Icontinu•d) 8rin9 It B•¢k Crealion of a bring rt back relurn 5cherne in and around Pelerborough wilh fvnding from Hubbub and Starbucks. Cook and Eat PECT offered he3Rhy cookery 5essitsns alongside geniie gardening w)rk$hops, combining healthy eatin9 wilh outdoor activity- Funder. Hary Cureton Fund Green Ambassadors Prograrnme of sU5tainabilty support and trainiTrJ for hospitahty busi￿$Se5 in Lincolnshire. SENE An ERDF funded project delivered under priority axis 3 and focused on low carbon. PECT is deliverin9 the SME gran15 scheme to support invesimeni by SME in energy efficiency and renewable energy. Pollinator Parks Long lerms fund to 5UPF<)rt the creation of pollinator parks across Petethrough. entral LOT Commercial a¢liYilies. CHESS Tackling ff￿1 poverty arr9S5 Cambridgeshire using funding from Energy Redress. IUK PANZ Peiefborough A¢¢eleraling Nel Zero. funded by lAr￿Vale UK. is resewching approaches to move loward5 a nel zefo economy. EOP Charnpion and Règional Lead Working to support energy champions across Ea51 of England to dehver ener9y surger￿$ and provhle energy advice to residents. Coring for Nature A Skills Training proiecl thai offers yo￿9 peoF4e and adutt5 the gpporfunty to gain work experien￿ in Ihe enwronmental conservation sector. The proiecl olfers 6-week courses lo unemployed adu115 and young people nol In education or liainin9 INEETSI. The project offers participan1$ the opportunity to learn about and restore the natural environment in the project area. St Ive$ Micro Grid Training and supp¢)rt lo SME across St Ives on sustaina￿ busw￿$$ pra¢ti¢es. On Ya 8ike PECT are workirrfJ 10 continue the posrtive aclive behavKJur changes an(J en¢¢)uraging a5 many new and old cyclists to fed safe and comfortable vthen oul cycl'ng arOL￿d Peterborough. Page 45

PETERBOROUGH ENVIRONMENT CITY TRUST IA Cornpany Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Slat•m•nt of funds Icontinuedl Ststsmont of funds- prlor y•af Balance at 31 March 2022 8alance at l Apni 2021 Translers inloul Income EX￿￿￿41￿ Vnrestricled funds Desi9nated fund$ Oesignaled Ftjnds 8,?37 147.576 (146,311) 9.502 General funds General Funds Subsidiary ￿MpanY T96, 1 T5 119.769 38.357 693.541 168. 766 (267.4061 1.003.298 135.901 (416.0031 915,944 731,898 1416,(K13J (92,6401 1. 139, 199 Total Uni•strictèd funds 924, 181 879.474 (562,314) 192,640) 1.148. 701 Page 46

PETEABOROUGH ENWRONMEIIT CITY TRUST IA comp•ny Limited by Gvaranteel 140TES TO THE FINA14CIAL STATEMENTS FOR TrIE YEAR ENOEO 31 MARCH 2023 11. SLitem•Dt ol lunds l¢ontlnuedl Batsnce ai i ApN2021 TTrns16rs Balance ai 31 Moth 2022 R￿tI￿¢t￿ fund Heallhy Schools MEES Wami Homes FÈnland 2018 Wdd Lilera¢y Foiesi For Peietbofough Tounsm Map5 Fenland W1￿￿fe Ctyiidof$ COOL Food PRO B.Li￿S WhitemiK Feniqnd EKCT Pollinalthig Peleibor(M4h ESN Regional Leao Gro¥%iw Ctynmurtities th)pslhorpe Pdlinaiing Pete[1￿￿OUgh PositOdÈ Éastern New Enèr9y BESN Champion 2020 BESN Regional Lead 2020 BGL Volunieer Supp Bhjeprinl Ctsnmunity FDOges M31th Erigy Redress Green ReCOv￿Y Forest ty PelertKYW9h John Clare Counlry5hle Junior Foreste Talking To9ether Wld Liieraty UKPN CambfKJ9e BUSI￿$$ Linc 2 N(rth Angle Fa￿ Energy proiÈc¢ Food Foi N￿Oh1 Re51ricled Canng tor Naiure Viridoi JCC Green Recovery RSA Caibon Reducbon BESM ¢harnp￿n 2021 BESN Regional Lead 2027 NLOW Farm Twinwig ECOC Climate Change AW Water Effiaency Winiei Eneroy Grants w￿der Woman Warrn Homes Cafflbr￿ge 2022 On Ya &ke Tiansfef fvom General FLThJS 44.689 35.343 34.081 57.968 f34.72JJ 61.9J4 35.343 39.626 f2.603) 12091 12.001) 209 25.5Y TS.4d8 4.34 f22.455} 10.632 (2.5631 2.357 6.4tX7 31.353 J5.448 T6.075 (Pr.￿?} 6.438) Q3,382J (15.806) 12.6041 2.32J f34J 11521 (34) f681 If12 649) (1501 152 16.327 111 224? (3.149) 1109.Q561 1,344 1.085 4.613 148 3.ZT3 I24,￿3 f145,3951 (71.919J 1.077 (72.366) 17.92Jl 2.721 3.18 (a262) 17.845 a576 &966 3.229 13 114.142 53.380 (118.?46) (79. 146) 15.8551 15, 18?? {3.4491 112,9781 {1.824) (264) 220 2.318 rt 824) 7fj4 256 (419} (451) 2SS f186J (21.284) 191 0601 13.D41) (7.687? 110. 7431 605 2.865 96 968 6.959 3.801 (70, T43J 1.313 1,872 188.028 11.488 IJ.OT5 111.203} {f.222J f36.867} 12.2551 14 1471 1271 39.225 2,358 245 3.518 (27) 202.841 7,665 flY.Y19 91. 122 299.746 771 9?3 18f9.6J3} 92.640 344.867 Total ol funds 1 223.927 1 651 387 11 381.947? ?.493.367 Page 47

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guannteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Summary oflunds Summary of lunds- curr•nt year B•lance at 31 March 2023 Balan¢• at 1 April 2022 Transf•rs inlout Galnsl (Losses) kncom• Expenditure Designated fund5 9.502 1.139,199 302.345 761.76$ 1263.9831 14S8.5881 16.0721 162.802 41.792 1.61 5,178 General funds Restricled fund5 10.000 344.666 1.109,501 1999.3951 {156.TYJI 298.042 1,493,367 2.173.611 11,721.9661 10.000 1.955.012 Summary of funds . prior year Balanee at 31 March 2022 Balance al l Apnl 2021 Trdn5fe Income Expel￿rt￿ Oesignated lunds General fun¢Js Restricted funds 8.237 915.944 299,746 147.576 731 898 771.913 1746.311) (416.003) 1819.633) 9.502 1, 139. 199 344,666 192,6401 92,640 1.223.927 1.651.387 11.387.947} 7.493.367 Page 48

PETER80ROUGH ENVIRONMENT crry TRUST IA Company LÈmited by Guarant*el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 20. Analysi5 of n•t a$s•ts betvMn funds Analysis ol net assets be¢￿en funds- cur￿nt y•ar Unrestricted Restricted funds lund$ 2023 2023 Total funds 2023 Tan9ible fixed assets Investment property Currenl assets Creditors d￿e within one year Provision5 for liabilities and char9es 31.003 210.000 1.707.656 1290,5411 11.1481 31,003 210,000 2.125.T79 1410.6221 11,1481 418.123 1120,0811 Totsl 1.6S6.970 298.042 1.9SS.012 Analysis of net assets bel￿en fvnds- prior ye•r Unreslrtted lunds 2032 Rest￿le￿ lunds 2022 Tolal lunds 2022 rangible fixed a5set5 Investment property Cuttent assets Creditors dLte wthin one year Provisions for liabilities and charges 39. 745 200,000 1.012.745 (92.041) 11.748J 29, 145 200,000 7.526.410 f267.ts40} 17. 1481 513.665 (168.9991 Totsl 1.148. 701 344.666 1,493,367 Page 49

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. R¢¢on¢illation of net movwn¢nt In funds to n•t ¢•sh flow from opgrotlng activities Group 2023 Group 2022 Nei income lor the year las pei Statement of Financial Aciivrtsl 461,645 269,440 Adjustments for.. Deprecialion charges Amortisation charges Gains on Investments Dividends. inlere5t5 and rents from inveslments Loss on the sale of fixed assets 12.741 14.741 1,890 110.000 116,3481 230 127, 1181 Increase in debtors Increase in creditors 1284.6211 149,582 1227.0781 84.838 Net cash provided by operating activities 313.229 122. 773 22. Analysls of c•sh and ¢a$h ¢qulvJhnts Group 2023 Group 2Q22 Cash in hand 1.3S3,237 1.038.489 Total ¢a5h and ¢a$h equIva￿nts 1,353,257 1.038,489 23. Analy$i$ of chan￿5 in nt dgbt Al 1 April 2022 Cash Ilows Al 31 March 2023 Cash ai bank and in hand 1.038.489 314.748 1.3$3.237 1.038.489 314.748 1.3S3.237 Page 50

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranieel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 24. Op•ratlng 1gas• ¢ommitm•nts At 31 March 2023 the Group and Ihe Charrty had commilmenls to make future minimum lease payments under non-cancellable operating le35e5 as lollows.. Group 2023 G￿￿p 2022 Charity 2023 Chanly 2022 Amounts payable Not later than 1 year Laier than l year and noi kter Ihan S year5 5.645 11.690 5.645 5,645 11,690 5,645 S.64S 17,335 S.64S t7.335 Group 2023 Griwp 2022 Company 2023 Company 2022 Amounts rnt•ivable Not Izter than 1 year Later than 1 year and not later than 5 ye¥s 7.200 6.600 11.588 7.200 6.600 17.588 13.800 11.588 13.800 11.588 Page 51

PETERBOROUGH ENVIRONMENT CITY TRUST IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 25. Related party transa<tion$ Hegarty Soli¢ilOts IA Suthertand. a trustee of Ihe charity is also a Dwecior ol the above) Peterborough Enmfonmenl Crty Trust made sales lo Hegarty LLP Soliritors of £1.19812022- t1.5581. Peterborough Enwronment Cty Trust made pL￿￿ase5 from Hegarty LLP Solicitofs 01 £1,500 12022 - £1,2061. At the balance sheet date. there is £1,198 due from Hegwty LLP Sokrtor$12022- £7791. Natural England IP Brotherton. a Irustee of the chwity is atso a director ol Ihe above) Petertjorough En￿ronMent Cty Trust made saks to Natural England of £Nil12022- E4.OOQ). Peterborough City Council IN Moyo. a trustee of the charity unN 22 January 2023. also a Cty Councillorl Peterborough Ert￿rOnMent Cty Trust made saks to Petertmy￿9tt Cily C(￿ne4 of £7.00012022- £Nill. Peterborough Environmenl City Trus1 made purchases Irom Peterborough Csly Counol of £12,25012022 £14,700). At the balance sheel date, the￿ is £7.000 due from Peterbcrfough City CourKil 12022- £Nill. Green En¢rgy Switch Limited Isubsidiary company) Pelerborough En￿ronment City Twsl made S￿e9 I rechaTgE5 to Green Energy Swt¢h Dmite¢ of £10,620 12022- £21.3521. There was an Obliga￿0￿ al the yearond for Green Energy Swtch to gift-aid the lower ol their laxable and distribUta￿e profits fr)r the year to Pelerborough Enwronment crty Trust, and Iherelore a balance of £278,261 is ovd from Ihe sub5Kliary Company lo the parent company al Ihe yearnd. Page 52

PETE1180RtyJGH EMVIROIIMEIITCITYTRUST IAC(thPany Lffirt•dbYG￿1rart￿1 trIOTESTOTTrIE FINANCLIL STATEMENTS FOFETHÈ YEAFE ÉNOEO J1 IL4RCH ID13 26. Principafsubsidiarits twnp•ty ¢k755 ol Hold￿9 shar•s 25282 Orthary io0% Thelnano¥resus ofthe Eipxity ProftllLOS*I M•t J 5wpthl IDpfKillfor 4S9.200 206.209 141850 Pa9e 53