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← The Environment Centre (Tec)

2025-03-31-accounts

Charity Registration No. 1031482

Company Registration No. 02881225 (England and Wales)

THE ENVIRONMENT CENTRE (TEC)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10 Bridge Street Christchurch Dorset BH23 1EF

THE ENVIRONMENT CENTRE (TEC)

CONTENTS

Page
Company informaton 1
Trustees report 2 - 11
Statement of trustees responsibilites 12
Independent auditor's report 13 - 16
Statement of fnancial actvites 17
Balance sheet 18
Statement of cash fows 19
Notes to the fnancial statements 20 - 34

THE ENVIRONMENT CENTRE (TEC)

COMPANY INFORMATION

Trustees Mr P James
Ms A S Drakakis
Mr A Howison
Mr I Nelson
Dr A Whitehead MP
Other ofcers A Goulden Chief Executve
A Brand Finance Manager
Charity number 1031482
Company number 02881225
Registered ofce 14-15 Brunswick Place
Southampton
Hampshire
SO15 2AQ
Auditor TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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)

Objectives and activities

As an independent Environmental Charity tEC‘s missions is:

The activities of the charity can include:

For Local Authorites and Government-led organisatons

For individuals;

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

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 2025

Achievements and performance

Significant activities and achievements against objectives

We continue 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:

This year we benefited from support from Hampshire County Council’s behavioural insights team during the prelaunch of the My Home Made Better service. The team’s expertise allowed us to develop a deeper understanding of how our communications can be adapted to influence and motivate householders to take action around retrofit topics.

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Business Plan

Of great significance to tEC is the forthcoming changes to local government.

The Hampshire, Southampton, Portsmouth and the Isle of Wight area has been approved by Government for fasttracked devolution. This will see the region in control of decision making and spending on transport, housing, education, healthcare and local economic development. Elections for the major of Hampshire and the Isle of Wight are due to take place in May 2026 and whoever is elected will lead a new strategic combined authority.

Local government reorganisation is also scheduled to follow and in 2028 the current two-tier system of county councils and district/borough councils will be replaced with unitary councils across the area.

These large-scale changes present both opportunity and threat to the organisation:

Threat in terms of a potential change of policy towards the net zero agenda, a reduction in funding for affordable warmth, retrofit or air quality projects and potentially the loss of key individuals within local authority departments.

Opportunity in terms of the potential for a more coordinated cross-county approach to these agendas and the potential to bid for substantial funding to drive change through larger projects.

We are also waiting on the much-anticipated announcements on the detail of the Warms Home Plan coming in November. Through the plan we are hoping to see much greater public engagement with the net-zero debate, the consolidation of a variety of funding and financing options under a single brand, a concerted effort to make low carbon heating an attractive option for the public and more training and support for supply chains. We are also expecting to see more emphasis placed on Local Authority delivery.

Finally, with increasing incidents of extreme weather we are looking to expand our advice and support into adaptation. We are already offering advice and support during heatwaves and can see this expanding into flood resilience and vector borne diseases as the climate continues to change.

With reference to the above and in consideration of other local and organisational factors The Board of Trustees and the Senior Management Team have agreed on a number of key actions which will help to focus our efforts over the next year.

In the next year tEC will seek to:

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Risk Management

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

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Mitgaton Strategy

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

Financial review

Reserves policy

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.

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Risk Register Risk Register Risk Register Risk Register Risk Register Risk Register Risk Register
Risk Likelihood LMH Impact
LMH		 Mitgaton Impact afer
mitgaton
LMH
Changes
in
local
policy
to
energy
climate and nature as
Devoluton
progresses


M		 H Keep abreast of all developments in
this area and liaise with decision
makers to advocate for support

L
Delayed
Payment
from
Local
Authorites

M		 H Regular
invoicing
and
prompt
follow up. SMT to carefully monitor
cash fows and cash in bank
Diversify funders

L
Poor Staf retenton
due to high volume of
work and low moral

M		 H Board and SMT to consider which
projects to bid for carefully. SMT to
carefully monitor staf moral. SMT
to benchmark salaries to ensure
that we are paying as compettve
rate
Where necessary Recruit quickly
and proactvely





L
Multple staf illness –
partcularly
during
the colder and busier
winter months

M		 H Ofering
free
fu
vaccinatons,
hybrid working, hand and desk
sanitsing protocols

L

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

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 to help in the undertaking of their role.

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 P James

Ms A S Drakakis

Mr A Howison Mr C R Rowland (Resigned 24 April 2025) Mr I Nelson Dr A Whitehead MP

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

THE ENVIRONMENT CENTRE (TEC)

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Induction and training of trustees

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 2024/25 and the previous year this company did not undertake activity or trading.

Auditor

In accordance with the company's articles, a resolution proposing that TC Group be reappointed as auditor of the company will be put at a General Meeting.

The trustees report was approved by the Board of Trustees.

Mr P James

Trustees

28 November 2025

THE ENVIRONMENT CENTRE (TEC)

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

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 ENVIRONMENT CENTRE (TEC)

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE ENVIRONMENT CENTRE (TEC)

Opinion

We have audited the financial statements of The Environment Centre (TEC) (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

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

Conclusions relating to going concern

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

THE ENVIRONMENT CENTRE (TEC)

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE ENVIRONMENT CENTRE (TEC)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

THE ENVIRONMENT CENTRE (TEC)

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE ENVIRONMENT CENTRE (TEC)

Our approach was as follows:

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. These include Health and Safety, Employment Law and Licencing. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: htps:// www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidanceforauditors/Auditors-responsibilites-for-audit/Descripton-of-auditors-responsibilites-for-audit.aspx. This description forms part of our auditor's report.

THE ENVIRONMENT CENTRE (TEC)

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE ENVIRONMENT CENTRE (TEC)

Use of our report

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

Lucy Filer FCA (Senior Statutory Auditor) for and on behalf of TC Group

Statutory Auditor

Office: Christchurch

1 December 2025

TC Group is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006

THE ENVIRONMENT CENTRE (TEC)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
2025
Notes
£
Income from:
Donatons and legacies
3
-
Charitable actvites
4
557,288
Investments
5
7,135
Total income
564,423
Expenditure on:
Charitable actvites
6
599,737
Total expenditure
599,737
Net income/(expenditure) and
movement in funds
(35,314)
Reconciliaton of funds:
Fund balances at 1 April 2024
584,128
Fund balances at 31 March
2025
548,814		 Restricted
funds
2025
£
53,615
952,963
-
1,006,578
942,427
942,427
64,151
48,846
112,997		 Total
Unrestricted
funds
2025
2024
£
£
53,615
1,000
1,510,251
575,047
7,135
6,413
1,571,001
582,460
1,542,164
385,631
1,542,164
385,631
28,837
196,829
632,974
387,299
661,811
584,128		 Restricted
funds
2024
£
154,623
1,050,361
-
1,204,984
1,250,400
1,250,400
(45,416)
94,262
48,846		 Total
2024
£
155,623
1,625,408
6,413
1,787,444
1,636,031
1,636,031
151,413
481,561
632,974

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE ENVIRONMENT CENTRE (TEC)

BALANCE SHEET

AS AT 31 MARCH 2025

2025
Notes
£
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
217,691
Cash at bank and in hand
536,766
754,457
Creditors: amounts falling due within one
year
15
(120,329)
Net current assets
Total assets less current liabilites
The funds of the charity
Restricted income funds
18
Unrestricted funds
19		 £
27,682
1
27,683
634,128
661,811
112,997
548,814
661,811		 2024
£
252,111
429,492
681,603
(80,714)		 £
32,084
1
32,085
600,889
632,974
48,846
584,128
632,974

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 28 November 2025

Mr P James

Trustees

Company registration number 02881225 (England and Wales)

THE ENVIRONMENT CENTRE (TEC)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash fows from operatng actvites
Cash generated from operatons
24
Investng actvites
Purchase of tangible fxed assets
Investment income received
Net cash generated from/(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		 2025
£
(870)
7,135		 £
101,009
6,265
-
107,274
429,492
536,766		 2024
£
(26,238)
6,413		 £
227,161
(19,825)
-
207,336
222,156
429,492

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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.

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 or grantors 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 Income

Income, including grant income and income for services supplied, 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.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

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.

1.5 Expenditure

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 Motor vehicles 8 years reducing balance

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 the statement of financial activities.

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.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

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.

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 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.

1.13 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.

1.14 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 2025

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.

The trustees have considered whether there are any critical judgements required in the preparation of these accounts and have concluded that there are non requiring disclosure.

3 Income from donations and legacies

Unrestricted
funds
2025
£
Donatons and gifs
-
Income from charitable actvites
Unrestricted
funds
2025
£
Environmental project
actvites
557,288		 Restricted
funds
2025
£
53,615
Restricted
funds
2025
£
952,963		 Total
Unrestricted
funds
2025
2024
£
£
53,615
1,000
Total
Unrestricted
funds
2025
2024
£
£
1,510,251
575,047		 Restricted
funds
2024
£
154,623
Restricted
funds
2024
£
1,050,361		 Total
2024
£
155,623
Total
2024
£
1,625,408

4 Income from charitable activities

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 7,135 6,413

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Expenditure on charitable activities

Direct costs
Staf costs
Depreciaton and impairment
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
Share of support and governance costs (see note 7)
Support
Analysis by fund
Unrestricted funds
Restricted funds
Support costs allocated to actvites
Consultancy
Auditors remuneraton		 2025
£
779,610
5,272
25,940
1,545
5,712
26,898
17,691
654,960
531
4,495
1,522,654
19,510
1,542,164
599,737
942,427
1,542,164
Total
2025
£
12,010
7,500
19,510		 2024
£
664,704
5,384
34,635
3,349
3,373
25,734
14,293
872,875
600
4,059
1,629,006
7,025
1,636,031
385,631
1,250,400
1,636,031
Total
2024
£
2,249
4,776
7,025

7 Support costs allocated to activities

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Net movement in funds 2025 2024
£ £
The net movement in funds is stated afer charging/(creditng):
Depreciaton of owned tangible fxed assets 5,272 5,384

9 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.

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
26
2025
£
688,566
55,931
35,113
779,610		 2024
Number
26
2024
£
600,834
46,388
17,482
664,704

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 £115,404 (2024 - £110,005).

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

12
Tangible fxed assets
Fixtures and
ftngs
£
Cost
At 1 April 2024
15,743
Additons
-
At 31 March 2025
15,743
Depreciaton and impairment
At 1 April 2024
15,743
Depreciaton charged in the year
-
At 31 March 2025
15,743
Carrying amount
At 31 March 2025
-
At 31 March 2024
-
13
Fixed asset investments
Cost or valuaton
At 1 April 2024 & 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Computers Motor vehicles
Total
£
£
£
76,275
24,882
116,900
870
-
870
77,145
24,882
117,770
67,988
1,085
84,816
3,547
1,725
5,272
71,535
2,810
90,088
5,610
22,072
27,682
8,287
23,797
32,084
Add
investments 1
£
1
1
1
2025
2024
£
£
91,998
64,703
118,402
176,843
7,291
10,565
217,691
252,111		 Total
£
116,900
870
117,770
84,816
5,272
90,088
27,682
32,084
1
1
2024
£
64,703
176,843
10,565
252,111

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

15 Creditors: amounts falling due within one year

2025
2024
Notes
£
£
Other taxaton and social security
52,297
40,326
Deferred income
16
5,000
-
Trade creditors
33,302
33,364
Other creditors
1,739
-
Accruals
27,991
7,024
120,329
80,714
16
Deferred income
2025
2024
£
£
Other deferred income
5,000
-
Government grants and support are recognised under the accruals basis and recognised in the period to
which the income relates.
Deferred income is included in the fnancial statements as follows:
2025
2024
£
£
Deferred income is included within:
Current liabilites
5,000
-
Movements in the year:
Deferred income at 1 April 2024
-
-
Resources deferred in the year
5,000
-
Deferred income at 31 March 2025
5,000
-
17
Retrement beneft schemes
2025
2024
Defned contributon schemes
£
£
Charge to proft or loss in respect of defned contributon schemes
35,113
17,482		 2025
£
52,297
5,000
33,302
1,739
27,991
120,329
2025
£
5,000		 2024
£
40,326
-
33,364
-
7,024
80,714
2024
£
-
2025
£
5,000
-
5,000
5,000
2025
£
35,113		 2024
£
-
-
-
-
2024
£
17,482

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Retirement benefit schemes

(Continued)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Retroft
HHS2 - Practcal measures
HSF6 - SCC
HSF6 - HCC
HSF5
Southampton City Council
Innovaton and Enforcement Grant
Carbon Ofset Fund
Covid Winter Fund
HSF5 - HCC
CSE
Francis Winham Foundaton
HCC - C4C Grant
Hampshire Energy Advice Service
HSF4 - SCC		 April 2024
£
-
-
-
-
-
2,577
3
2,856
2,592
-
-
12,230
22,401
5,974
213
48,846		 Incoming
resources
£
76,750
30,000
50,000
270,454
227,752
145,366
-
-
-
22,000
4,214
53,615
47,223
79,204
-
1,006,578		 Resources
expended
At 31 March
2025
£
£
(73,977)
2,773
(1,968)
28,032
(44,926)
5,074
(218,408)
52,046
(227,752)
-
(145,369)
2,574
-
3
-
2,856
-
2,592
(22,000)
-
(4,214)
-
(48,798)
17,047
(69,624)
-
(85,178)
-
(213)
-
(942,427)
112,997		 Resources
expended
At 31 March
2025
£
£
(73,977)
2,773
(1,968)
28,032
(44,926)
5,074
(218,408)
52,046
(227,752)
-
(145,369)
2,574
-
3
-
2,856
-
2,592
(22,000)
-
(4,214)
-
(48,798)
17,047
(69,624)
-
(85,178)
-
(213)
-
(942,427)
112,997
112,997

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18
Restricted funds
Previous year:
At 1
Hitng the Cold Spots - HHS2
Southampton City Council
Innovaton and Enforcement Grant
Carbon Ofset Fund
Covid Winter Fund
Francis Winham Foundaton
HCC - C4C Grant
HSF3 - Capital
Hampshire Energy Advice Service
HSF4 - SCC		 April 2023
£
43,713
2,606
2,508
2,856
2,592
-
16,638
19,426
3,923
-
94,262		 (Contnued)
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
29,500
(73,213)
-
168,729
(168,758)
2,577
-
(2,505)
3
90,307
(90,307)
2,856
-
-
2,592
154,623
(142,393)
12,230
458,194
(452,431)
22,401
-
(19,426)
-
203,632
(201,581)
5,974
99,999
(99,786)
213
1,204,984
(1,250,400)
48,846		 (Contnued)
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
29,500
(73,213)
-
168,729
(168,758)
2,577
-
(2,505)
3
90,307
(90,307)
2,856
-
-
2,592
154,623
(142,393)
12,230
458,194
(452,431)
22,401
-
(19,426)
-
203,632
(201,581)
5,974
99,999
(99,786)
213
1,204,984
(1,250,400)
48,846
48,846

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

(Continued)

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

Retrofit - Grant funding to deliver the My Home Made Better retrofit advice project across Southampton, Hampshire and Portsmouth. The grant covers delivery costs for tEC and its delivery partners, Energy Alton, Petersfield Climate Action Network (PeCAN) and Winchester Action on Climate Change (WinACC)

HHS2 Practical measures - Ringfence funding for energy efficiency improvements, particularly boiler repairs and replacements, on behalf of Hampshire County Council.

HSF6 - SCC - The grant is for project work relating to Household Support Fund 6, for energy and keep warm advice and support targeted towards vulnerable Southampton city households, particularly those with older people and/or disabled/chronically unwell occupants

HSF6 - HCC - Funding to provide direct guidance, advice and support to households (within the HCC boundary) on a range of energy-related topics, delivered through a mix of remote and face-to-face help, depending on need; and to provide capital grants to eligible homeowners, for heating and or hot water repairs or replacements

HSF5 - The grant is for project work relating to Household Support Fund 5, for energy and keepwarm advice and support targeted towards vulnerable Southampton city households, particularly those with older people and/or disabled/chronically unwell occupants.

Innovation and Enforcement Grant - To raise property standards by ensuring that all properties being rented out not only meet the Minimum Energy Efficiency Standards (MEES) but are free from any category one and two hazards as defined by housing health and safety rating system (HHSRS), with a particular focus on heating and insulation of the property.

Covid Winter Fund - Delivery of utility voucher support on behalf of Portsmouth City Council (Covid Winter Fund).

HSF4 -SCC - The Household Support Fund vulnerable households - particularly those with older people and/ or disabled/chronically unwell occupants. The grant covered staff costs as well as grant increased our capacity/enabled us to provide energy and keep warm advice and support, targeted towards practical items/ measures to help households keep warm or reduce energy and water costs

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

(Continued)

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.

Francis Winham Foundation - A charitable trust that we apply to, on behalf of older residents for heating/ energy efficiency works.

Hampshire Energy Advice Service - Hampshire Energy Advice Service (HEAS) support vulnerable households across Hampshire who are struggling to keep warm and well. The project aims to increase the provision of affordable warmth advice across the region to meet the significant increase in demand as a result of the energy crisis. Through our proposed activities we will directly support 3,800 households over the phone, via email, with face-to-face energy advice at events & one-to-one appointments. It will enhance collaboration between partners, maximize efficiency and build capacity to tackle fuel poverty across Hampshire. In addition we will provide practical support through distributing energy saving packs to those most in need.

HCC C4c Grant - The Hampshire County Council Connect for Communities grant was to provide practical support for low income and vulnerable households.

CSE - Grants for individual households via the CSE-administered SSEN Enabling Works Fund. The Enabling Works Fund supports more installations of grant-funded energy efficiency measures.

HSF5 - HCC - Funding to provide direct guidance, advice and support to households (within the HCC boundary) on a range of energy-related topics, delivered through a mix of remote and face-to-face help, depending on need; and to provide capital grants to eligible homeowners, for heating and or hot water repairs or replacements .

Funds Only in Relation to 2024:

HSF3 - Capital - The grant was awarded for project work relating to Household Support Fund 3 (1st October 2022 – 31st March 2023), energy and keep warm support targeted towards vulnerable households - particularly those with older people and/or disabled occupants. The grant was used to provide practical items/measures to households and for TEC staff costs directly related to the purchasing and distribution of items, and the administration and reporting requirements of this funding.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024 Incoming Resources Transfers At 31 March
resources expended 2025
£ £ £ £ £
Designated 30,000 - - (30,000) -
General funds 554,128 564,423 (599,737) 30,000 548,814
584,128 564,423 (599,737) - 548,814
Previous year: At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Designated 30,000 - (30,000) 30,000 30,000
General funds 357,299 582,460 (533,826) (30,000) 375,933
387,299 582,460 (385,631) - 584,128

The designated fund represents amounts designated by the Board in respect of a potential office move, dilapidations, IT and office equipment, staff training and development, match funding and upkeep of the company vehicle. This fund has now been released to unrestricted reserves as no longer deemed necessary.

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Tangible assets
27,682
-
Investments
1
-
Current assets/(liabilites)
521,131
112,997
548,814
112,997		 Total
2025
£
27,682
1
634,128
661,811

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Analysis of net assets between funds (Contnued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 32,084 - 32,084
Investments 1 - 1
Current assets/(liabilites) 552,043 48,846 600,889
584,128 48,846 632,974

21 Operating lease commitments

Lessee

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		 2025
£
14,809
55,939
70,748		 2024
£
14,809
6,100
20,909

22 Related party transactions

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

23 Charity status

The Charity is a Charity limited by guarantee. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in the event of winding up.

THE ENVIRONMENT CENTRE (TEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

24
Cash generated from operatons
Surplus for the year
Adjustments for:
Investment income recognised in statement of fnancial actvites
Depreciaton and impairment of tangible fxed assets
Movements in working capital:
Decrease in debtors
Increase in creditors
Increase in deferred income
Cash generated from operatons		 2025
£
28,837
(7,135)
5,272
34,420
34,615
5,000
101,009		 2024
£
151,413
(6,413)
5,384
54,707
22,070
-
227,161