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2021-03-31-accounts

Charity Registration No. 1031482

Company Registration No. 02881225 (England and Wales)

THE ENVIRONMENT CENTRE (TEC)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

10 Bridge Street Christchurch Dorset BH23 1EF

THE ENVIRONMENT CENTRE (TEC)

CONTENTS

Page
Company informaton 1
Trustees report 2 - 8
Independent examiner's report 9
Statement of fnancial actvites 10
Balance sheet 11 - 12
Statement of cash fows 13
Notes to the fnancial statements 14 - 26

THE ENVIRONMENT CENTRE (TEC)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr C R Rowland
Ms A S Drakakis
Mr A Howison
Mr P James
Mr I Nelson
Dr A Whitehead MP
Other ofcers A Goulden, Chief Executve
A Rumford, Finance Manager
Charity number 1031482
Company number 02881225
Principal address Equity & Law House
14-15 Brunswick Place
Southampton
SO15 2AQ
Registered ofce 14-15 Brunswick Place
Southampton
Hampshire
SO15 2AQ
Independent Examiner TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
Bankers Royal Bank of Scotland
156 High Street
Southampton
Hampshire
SO14 2NP

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr C R Rowland

Ms A S Drakakis Mr A Howison Mr P James Mr I Nelson Dr A Whitehead MP

Structure, governance and management

Governing Document

The Charity is constituted as a Company limited by Guarantee and governed by a Memorandum and Articles of Association incorporated on 16 December 1993. It is registered with the Charity Commissioners under charity number 1031482. The Board of Trustees with advice from the Charities Commission amended their Memorandum and Articles in June 2020. Each member agrees to contribute £1 in the event of the charity winding up.

Appointment of Trustees

As set out in the Articles of Association the trustees are approved by a unanimous vote of the existing board of trustees following a successful interview process. The process includes the Chief Executive obtaining satisfactory references and ensuring that the nominated trustees fully understand their obligations to the charity. New trustees can be nominated throughout the year and are approved to the board at the quarterly board meetings. There is no limit to the time a trustee may serve.

As the majority of the work undertaken by the charity is in partnership with local authorities of Hampshire and the Isle of Wight, the charity welcomes nominees from these authorities. Nominees appointed from local authorities are subject to the appointment process of these bodies and the guidelines on appointment to public office as they apply to Local Government nominees.

Trustee introducton and training

Before being nominated new trustees are briefed by the Chief Executive on their legal obligations under the charity and company law, the content of the Memorandum and Articles of Association, the committee, decision making processes and minimum commitment expected from the new trustee. They also learn in situ about the organisation structure, business plan and recent financial performance of the charity. Having been nominated, the new trustee will meet key employees and be provided with access to operation procedures. They will be encouraged to attend appropriate events to gain greater knowledge of the charity's activities and tohelp in the undertaking of their role.

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Organisaton

The Board of Trustees administers the charity and meets formally on a quarterly basis; however meetings on specific matters are arranged as and when required. The Chief Executive is appointed by the trustees to manage the day to day operation of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and activity performance. The trustees are supplied with financial information quarterly and an activity and funding report every six months (or more frequently should need arise).

Related partes

The charity's continued success lays in its steadfast commitment and ability to remain independent, apolitical and non-campaigning.

The charities wholly owned subsidiary, Environment Centre Enterprises Limited, was established to operate any commercial environmental work deemed to not be solely charitable, but which supported environmental best practice or materials to support environmental best practice. In 2021/20 and the previous year this company did not undertake activity or trading.

Objectives and activities

As an independent Environmental Charity tEC‘s missions is:

The activities of the charity include:

For Local Authorites and Government-led organisatons

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

For individuals;

For schools:

For business:

The Trustees review our aims, objectives and activities each year to ensure that we remain focused and have given due regard to public benefit when planning the charity’s activities.

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

Despite the ongoing situation with COVID we have continued to run our major fuel poverty, energy efficiency and air quality projects in Southampton, Portsmouth and Hampshire and have achieved some really impressive results.

Over the past year we have:

We have also been successful in securing the Hitting the Cold Spots contract for an additional two years.

During this period we have also moved to smaller offices which has realised some savings for the charity and implemented a number of other austerity measures to help keep service costs as low as possible.

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

The Board of Trustees and the Senior Management Team have produced a business plan which helps to focus our efforts. In the next year tEC will seek to:

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Risk management

The following risks have been identified as relevant to the business:

Mitgaton Strategy:

A number of strategies have been initiated in order to mitigate identified risks:

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Financial review

Under the memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish, however to trustees continue to maintain the remit not to invest in anything other than its staff.

Statement of trustees responsibilities

The trustees, who are also the directors of The Environment Centre (TEC) for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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

The trustees are responsible for keeping adequate accounting records that 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees report was approved by the Board of Trustees.

Mr C R Rowland

Trustees Dated: 15 December 2021

THE ENVIRONMENT CENTRE (TEC)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE ENVIRONMENT CENTRE (TEC)

I report to the trustees on my examination of the financial statements of The Environment Centre (TEC) (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

TC Group

10 Bridge Street Christchurch Dorset BH23 1EF

Dated: 16 December 2021

THE ENVIRONMENT CENTRE (TEC)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donatons and grants
3
18,311
5,600
Charitable actvites
4
378,435
326,613
Investments
5
74
-
Total income
396,820
332,213
Expenditure on:
Charitable actvites
6
334,893
395,322
Net incoming/(outgoing) resources before
transfers
61,927
(63,109)
Gross transfers between funds
(10,599)
10,599
Net income/(expenditure) for the year/
Net incoming/(outgoing) resources
51,328
(52,510)
Other recognised gains and losses
Other gains or losses
10
62
-
Net movement in funds
51,390
(52,510)
Fund balances at 1 April 2020
131,824
151,016
Fund balances at 31 March 2021
183,214
98,506		 Total
2021
£
23,911
705,048
74
729,033
730,215
(1,182)
-
(1,182)
62
(1,120)
282,840
281,720		 Total
2020
£
460
501,490
339
502,289
548,019
(45,730)
-
(45,730)
229
(45,501)
328,342
282,841

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE ENVIRONMENT CENTRE (TEC)

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilites
Income funds
Restricted funds
15
Unrestricted funds
Designated funds
16
General unrestricted funds		 2021
£
183,989
172,909
356,898
(79,331)
30,000
153,214		 £
4,152
1
4,153
277,567
281,720
98,506
183,214
281,720		 2020
£
161,800
154,123
315,923
(35,221)
30,000
101,824		 £
2,138
1
2,139
280,702
282,841
151,017
131,824
282,841

THE ENVIRONMENT CENTRE (TEC)

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2021

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 15 December 2021

Mr C R Rowland

Trustee

Company Registration No. 02881225

THE ENVIRONMENT CENTRE (TEC)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash fows from operatng actvites
Cash generated from operatons
21
Investng actvites
Purchase of tangible fxed assets
Interest received
Net cash used in investng actvites
Net cash used in fnancing actvites
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
(3,620)
74		 £
22,332
(3,546)
-
18,786
154,123
172,909		 2020
£
(1,602)
339		 £
23,761
(1,263)
-
22,498
131,625
154,123

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

The Environment Centre (tEC) is a registered charity, registration number 1031482, company number 2881225, limited by guarantee in England and Wales. The registered office is Equity & Law House, 14-15 Brunswick Place, Southampton, SO15 2AQ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Resources expended

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributable to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and deprecation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements, including independent examination, strategic management and trustee's meeting and reimbursed expenses.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 33% straight line Computers 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.13 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.14 Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms on receivables.

1.15 Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the business from suppliers. Accounts payable are classified as current liabilities if the charity does not have unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective method.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and Grants

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donatons and legacies
-
5,600
Job retenton scheme grant
18,311
-
18,311
5,600
For the year ended 31 March 2020
-
460
Charitable actvites
2021
£
Environmental project actvites
705,048
Analysis by fund
Unrestricted funds
378,435
Restricted funds
326,613
705,048		 Total
2021
£
5,600
18,311
23,911		 Total
2020
£
460
-
460
460
2020
£
501,490
277,678
223,812
501,490

4 Charitable activities

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

5
Investments
Interest receivable
6
Expenditure on charitable actvites
Staf costs
Depreciaton and impairment
Other staf costs
Ofce expenses
Light and heat
Travel and subsistence
Repairs and maintenance (including rent and rates)
Advertsing
Books, periodicals and project materials
Bank charges
Irrecoverable VAT
Third party grant distributons
Bad debts
Computer and website costs
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds		 Unrestricted
funds
2021
£
74
Total
2021
£
342,101
1,608
-
18,371
707
1,371
34,616
9,072
298,865
382
3,530
-
(18)
1,755
712,360
17,855
730,215
334,893
395,322
730,215		 Total
2020
£
339
Total
2020
£
302,756
4,113
258
17,479
1,591
7,236
38,938
4,258
169,852
327
2,701
(7,587)
(140)
2,890
544,672
3,347
548,019
334,188
213,831
548,019

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

7 Governance costs

Governance costs
2021 2020
£ £
Legal fees 2,840 455
Consultancy 12,000
Other accountng fees 66 42
Independent examiner's fee 2,950 2,850
Charitable actvites 17,855 3,347

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

9 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
Number
13
2021
£
311,137
21,840
9,124
342,101		 2020
Number
10
2020
£
273,314
20,310
9,132
302,756

No employee received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charity were £99,824 (2020 - £105,094).

One member of key management personnel was furloughed for three weeks in May 2020 when there was a great deal of uncertainty about funding and the activities of the organisation going forward. Because he wasn't supporting the delivery of core services at that point the SMT and board agreed that in order to save money it would be sensible to place him on furlough for a short period whilst the overall picture became clearer.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

10
Other gains/(losses)
Unrestricted
funds
2021
£
Foreign exchange gains
(62)
11
Tangible fxed assets
Fixtures and
ftngs
Computers
£
£
Cost
At 1 April 2020
15,743
61,167
Additons
-
3,620
At 31 March 2021
15,743
64,787
Depreciaton and impairment
At 1 April 2020
15,743
59,028
Depreciaton charged in the year
-
1,607
At 31 March 2021
15,743
60,635
Carrying amount
At 31 March 2021
-
4,152
At 31 March 2020
-
2,138
12
Fixed asset investments
Cost or valuaton
At 1 April 2020 & 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 Total
2020
£
(229)
Total
£
76,910
3,620
80,530
74,771
1,607
76,378
4,152
2,138
2020
£
1
1
1

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year		 2021
£
98,383
61,767
23,839
183,989		 2020
£
89,786
63,587
8,427
161,800
Creditors: amounts falling due within one year
Other taxaton and social security
Trade creditors
Accruals and deferred income		 2021
£
41,456
29,507
8,368
79,331		 2020
£
21,228
9,067
4,926
35,221

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

1
Hitng the Cold Spots - HHS2
Big Energy Saving Network
Clean Air Network
Resilient Community Fund
Raising Standards for Tenants
Southampton City Council
Innovaton and Enforcement Grant
Carbon Ofset Fund
Natonal Emergency Trust
Public Health
Switched on Portsmouth
COVID 19 Crisis Fund Redress
Gosport Borough Council
Eastleigh Borough Council
IT Grant
COVID Winter Fund		 Balance at
April 2020
£
102,782
477
1,575
25,401
-
3,702
13,124
2,156
-
1,799
-
-
-
-
-
-
151,016		 Movement in funds
Incoming
resources
Resources
expended
£
£
52,348
(104,839)
-
(147)
-
-
-
(2,458)
13,205
(15,050)
66,755
(65,012)
-
(733)
31,478
(33,245)
8,711
(8,711)
-
(3,985)
61,608
(68,176)
42,794
(42,794)
1,000
(1,000)
500
(500)
9,814
(9,814)
44,000
(38,858)
332,213
(395,322)		 Transfers
Balance at
31 March 2021
£
£
-
50,291
-
330
-
1,575
-
22,943
1,845
-
-
5,445
-
12,391
-
389
-
-
2,186
-
6,568
-
-
-
-
-
-
-
-
-
-
5,142
10,599
98,506		 Transfers
Balance at
31 March 2021
£
£
-
50,291
-
330
-
1,575
-
22,943
1,845
-
-
5,445
-
12,391
-
389
-
-
2,186
-
6,568
-
-
-
-
-
-
-
-
-
-
5,142
10,599
98,506
98,506

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

15 Restricted funds

(Continued)

The specific purposes for which the funds are to be applied are as follows:

Raising Standards for Tenants (RST) - To improve housing conditions for vulnerable residents living in the worst performing privately rented properties. We will do this by raising awareness of Minimum Energy Efficiency Standards (MEES) and housing health and safety rating system (HHSRS) amongst tenants and landlords, as well as increasing energy literacy and empowering tenants to act.

Southampton City Council (SCC) - Heating and installation at various addresses on behalf of Southampton City Council.

Carbon Offset Fund- All major developments in Southampton should (as far is a reasonably practicable) comply with the cities ambition for new builds to be Zero Carbon. The primary aim of the Carbon Offset Scheme is to achieve significant carbon reductions on site and to get as close to zero carbon as possible. Once all efforts have been made to achieve this standard any additional calculated carbon emissions will be offset by paying into a carbon offset fund. Offset payments are then collected from developers at an agreed rate using the Section 106 mechanism and ring fenced for carbon reduction/fuel poverty interventions for low income or vulnerable households. tEC administers this fund on behalf of Southampton City Council and is paid a management fee for doing so.

National Emergency Trust- Administered by Hampshire and Isle of Wight Community Foundation and designed to support Hampshire residents through the pandemic. Tec was awarded £8,710.84 to help low income households across Hampshire at risk from fuel poverty.

FOR THE YEAR ENDED 31 MARCH 2021

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

15 Restricted funds

(Continued)

COVID 19 - Crisis Fund Redress - The COVID-19 Crisis fund is an emergency fund to support households in vulnerable situations during the COVID-19 pandemic, to maintain adequate energy supplies for health and wellbeing and to avoid self-disconnection. The fund was established in recognition of the additional burden for COVID 19 outbreak is having on vulnerable households, who may struggle to pay their fuel bills due to loss of income or increased fuel use.

IT Grant - Southampton Voluntary Service secured £100k from Southampton City Clinical Commissioning Group to help the voluntary and charitable sector with essential IT upgrades to support and enhance the new models of working in response to the ongoing COVID 19 pandemic. tEC was awarded £9814.75 on the 4th December 2020

COVID Winter Funds - Funding from the Department of Work and Pensions passed through to Portsmouth City Council. Portsmouth commissioned tEC to distribute Fuel Vouchers to Fuel Poor residents on prepayment meters.

16 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in
funds
Balance at Incoming Balance at
1 April 2020 resources 31 March 2021
£ £ £
Designated 30,000 - 30,000
30,000 - 30,000

The designated fund represents amounts designated by the board in respect of a future office move and dilapidations, staff training and development, upgrade of the company vehicle and match funding.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

17 Analysis of net assets between funds

Unrestricted
Restricted
£
£
Fund balances at 31 March 2021 are
represented by:
Tangible assets
4,152
-
Investments
1
-
Current assets/(liabilites)
179,061
98,506
183,214
98,506		 Total
2021
£
4,152
1
277,567
281,720		 Total
2020
£
2,138
1
280,702
282,841

18 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Within one year
Between two and fve years		 2021
£
14,639
45,367
60,006		 2020
£
6,787
1,029
7,816

19 Related party transactions

There were no related party transactions during the current or prior year.

20 Charity status

The Charity is a Charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in the event of liquidation.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

21 Cash generated from operatons 2021 2020
£ £
Defcit for the year (1,182) (45,730)
Adjustments for:
Investment income recognised in statement of fnancial actvites (74) (339)
Foreign exchange diferences 62 229
Depreciaton and impairment of tangible fxed assets 1,607 4,113
Movements in working capital:
(Increase)/decrease in debtors (22,189) 86,926
Increase/(decrease) in creditors 44,108 (21,439)
Cash generated from operatons 22,332 23,760