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2023-03-31-accounts

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Bioregional Development Group

(a Company Limited by Guarantee and not having Share Capital)

Company Registration No. 02973226

Charity Registration No. 1041486

Report of the Trustees and Financial Statements for the year ended 31 March 2023

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Contents

Contents
Report of the Trustees 3
Objects of the Charity 3
Our vision 3
Our strategic goals for 2020-2030 3
Public benefit summary 4
Bioregional Impact Review: 2022-23 5
Our funders 20
Management and Governance 21
Fundraising Policy 21
Financial Performance 21
Risk Management 23
Reserves policy and going concern 23
Statement of trustees’ responsibilities 23
Auditors 24
Independent Auditor’s Report to the Members of Bioregional Development Group25
Consolidated Statement of Financial Activities (incorporating an income and
expenditure account) for the year ended 31 March 2023 28
Balance Sheets as at 31 March 2023 29
Consolidated Statement of Cash Flows at 31 March 2023 30
Notes to the Financial Statements for the year ended 31 March 2023 32
Legal and Administrative Information 50

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Report of the Trustees

The trustees are pleased to present their report for the year ended 31 March 2023 together with the consolidated financial statements of Bioregional Development Group. The financial statements have been prepared in accordance with the accounting policies set out on pages 32 to 49 of the attached financial statements and comply with the charitable company’s Memorandum and Articles of Association, applicable laws and the requirements of 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 United Kingdom and Republic of Ireland (FRS 102).

The reference and administrative information set out on page 50 forms part of this report. The annual report also serves as a directors’ report for the purposes of company law.

Objects of the Charity

The objects of Bioregional Development Group as set out in its governing document in the Memorandum and Articles of Association are:

To advance education for the public benefit, in particular concerning the practice of sustainable living including the conduct of community life and economic activity, and to promote the preservation, conservation and restoration of the natural resources, animal and plant life, and habitats of the world.

Our vision

Our vision is of a world where everyone can live happy and healthy lives with the limits of our planet’s resources, while leaving sufficient space for nature to thrive. We call this One Planet Living.

Our strategic goals for 2020-2030

Bioregional will show, working with partners, how One Planet Living can be achieved in our homes, communities, businesses, and town centres. We will use practical examples of our work to change policy and practice – both in the UK and internationally through the UN Sustainable Development Goals network, to help avert the climate and ecological emergency and achieve the SDGs by 2030.

We aim to:

Drive exemplary business practice : we will help businesses to measure and reduce their carbon footprints in line with science-based targets, set ambitious strategies that enable sustainable consumption and production, and play an active role in regenerating the natural ecosystems upon which we all depend.

Create sustainable homes and communities: we will support housebuilders, property owners, and local authorities to enable the next generation of net-zero, affordable, biodiversity-positive homes to be built; support local authorities to create and implement netzero carbon planning policies and sustainable high streets; and work with asset owners to sustainably retrofit homes.

Influence policy and industry practice: we will work with our partners and stakeholder groups, sharing knowledge of the practical and inspiring solutions we have developed with partners to influence government policy and industry practice in the built environment, sustainable production and consumption, and corporate sustainability strategies.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Public benefit summary

Bioregional has championed sustainable living for almost 30 years. We support organisations to transition to a net-zero carbon, circular, and sustainable future, and work with partners to create homes, workplaces and communities that enable one-planet living.

We believe that by partnering with ambitious businesses, property developers, asset owners, and local communities, we can create the right conditions for people to prosper while living within the Earth’s means.

We have reviewed the Charity Commission guidance on public benefit and have detailed in this report our main areas of charitable activity.

All trustees give their time voluntarily and receive no benefit from the charity. Any expenses reclaimed from the charity are set out in note 7 to the financial statements.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Bioregional Impact Review: 2022-23

Chief Executive’s foreword

As I reflect on Bioregional’s work across 2022-23, the collective effort to tackle the climate and ecological emergency has never been more important. Seismic climate stories now flicker across our screens at a frightening rate: the world is now set to break the 1.5C temperature limit within the next four years, it’s now too late to save summer Arctic ice, and the ’ temperature of the world s ocean surface has hit a record high.

These staggering developments highlight the need for deep and rapid emissions reductions to achieve a liveable future: every tonne of carbon saved matters, and every fraction of a degree matters.

The climate crisis is inextricably linked with the ecological crisis. Action to halt and reverse our damaging impact on the natural world is gaining momentum, with the landmark agreement at COP15 seeing nations agreeing on a historic package of measures deemed critical to addressing the loss of biodiversity and restoring natural ecosystems. The 2030 target for conserving at least 30% of the world’s lands, inland waters, coastal areas, and oceans is now rapidly approaching – and we must all work at pace to achieve it.

At Bioregional, our team has worked tirelessly to help businesses, those working in the built environment, local and national governments, and NGOs from community groups to the United Nations, to play their part in facing the climate and ecological emergency. Our body of work across 2022 was recently recognised in the Resi awards 2023, where we were delighted to win ‘professional team of the year’. I hope you enjoy reading the rest of this 2022-23 impact review, which is a tremendous showcase of our team’s continued achievements.

It was a year of great change for Bioregional – we celebrated 20 years of BedZED, before moving to Sustainable Ventures – Europe’s largest sustainable business ecosystem – in central London. This has already resulted in new connections, inspiring conversations, and an influx of new talent into our dedicated team.

In the autumn, we were delighted to announce the appointment of Munish Datta to our board of trustees. Munish is currently Director of Sustainability for Specsavers Group and was a key architect of Marks & Spencer’s award-winning “Plan A” sustainability strategy, and we will be delighted to work with him in the years ahead.

The challenge ahead of us is daunting, but not insurmountable. From our work with partners, we know that a world in which everyone can live happily and healthily within the limits of our one planet is achievable. We’re looking forward to taking another step towards making this vision a reality in the year ahead.

Sue Riddlestone OBE, Chief Executive Bioregional

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Highlights from Bioregional’s One Planet Living action plan 2022-23

Our full One Planet Living action plan – Bioregional’s sustainability strategy – is available to view online. The key highlights for 2022-23 are below.

- Meeting the net zero challenge

Our 2022-23 action plan is the first to reflect our new science-based targets – approved by the Science Based Targets initiative (SBTi) – to become a net-zero carbon business.

In December 2021, the SBTi approved Bioregional’s target to:

We have also committed to reducing our scope 3 emissions – indirect emissions from manufacturing, supply chains and company travel – even though the SBTi does not require SMEs to do so. We will:

Following our office move, a priority for us in 2023-24 is to re-baseline our footprint, and resubmit to the SBTi, to ensure the accuracy of our targets.

Supporting London’s transition to a net-zero economy

Bioregional answered a call issued by leading businesses organisations, the Mayor of London, and London Councils for organisations to show leadership in tackling the climate emergency by making their offices net-zero carbon. The pledge commits Bioregional to ensure that the workspace it uses meets the UK Green Building Council’s (UKGBC) Net Zero Carbon Buildings Framework Definition by 2030.

This commitment will inform our approach to working with our new workspace provider and its landlord.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Making One Planet Living[® ] available to all

One Planet Living is our vision of a world where we can live well, within the limits of Earth’s resources, and a practical, straightforward framework to help achieve this.

To help create change at the scale and pace we need, our focus in recent years has been to make the One Planet Living framework more accessible than before. 1.4 million people are now living in, visiting, or working at organisations, communities, and cities with a commitment to One Planet Living.

One Planet Living in numbers

One Planet Living is truly international, with users in 22 countries including Australia, Canada, USA, South Africa, and Ireland, across six continents. In the 20 years since we developed the framework with the World Wide Fund for Nature, more than 300 communities, housebuilders, businesses, schools, and other organisations have used One Planet Living to create a more sustainable world.

In the past year we have:

The One Planet Living Real Estate Fund

The One Planet Living Real Estate Fund is a $100m Canadian closed-end, real estate development impact fund operated by Epic Investment Services , in partnership with Windmill Developments , the visionary developer that instigated the pioneering One Planet Living development Zibi in Canada. It aims to create happy, healthy communities within the capacity of one planet while delivering compelling returns for investors.

The Fund operates under the One Planet Living framework for clear and transparent validation and reporting of impact outcome, and currently has eight active projects across the Greater Toronto Area and downtown Ottawa including:

Four of the projects will use prefabricated cross-laminated timber, which delivers lower embodied carbon and allows for more rapid construction delivery.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Celebrating new One Planet Living Leaders

One Planet Living Leaders are projects that showcase the very best use of our framework and represent the gold standard in sustainable placemaking. There are hundreds of One Planet Living projects around the world, but only the very best achieve the status of Leader or Global Leader. There are now 28 One Planet Living Leaders and Global Leaders.

Lamington Group – One Planet Living Leader

Lamington Group is a collection of forward-thinking, family-owned real estate investment, development and operational businesses that has an industry-first target of delivering wholelife net-zero ‘hometels’. Its mission is to create places that push design boundaries, challenge industry norms, and support people and the planet to thrive.

World Council of Churches – One Planet Living Leader

Green Village is a regeneration site being launched by the World Council of Churches (WCC) in partnership with real estate developer Implenia. Based in the municipality of GrandSaconnex in central Geneva, Switzerland, it is a robust expression of One Planet Living on a high-profile site well-placed for car-free living. The One Planet Living ambition informs every aspect of the development and expresses WCC’s commitment to a just and sustainable global community. Once completed, the district will be home to 3,000 employees, over 200 hotel and apartment rooms, 50 families, and numerous local services.

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Bioregional Development Group

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Built environment consultancy

Our sustainability consultancy teams supported leading developers to design truly sustainable homes and communities, advised local authorities on their responses to the climate and ecological emergency, including a residents’ guide to home retrofit, and advised rural communities on the creation of local net-zero carbon heating systems.

Helping local authorities respond to the climate and ecological emergency

- Creating a ground breaking spatial carbon modelling tool for local authorities

Alongside partners Etude, Currie & Brown and Mode Transport, we created a pioneering modelling tool that allows local authorities to identify the lowest-carbon route for new developments. Bridging the gap between the UK’s legally binding climate targets and current national policy the tool gave Central Lincolnshire and Greater Cambridgeshire the ability to model the annual carbon footprint that would be generated by new development, depending on exactly where that development takes place and which policies are applied to it.

Net-zero local planning

We supported the creation of Central Lincolnshire ’s local plan, which was officially adopted in April 2023. This significant piece of work covers planning policies and allocations for the growth and regeneration of Central Lincolnshire up to 2040. The local plan contains a suite of groundbreaking policies which will help ensure that development and use of land contributes to the mitigation of, and adaptation to, the climate crisis.

Working with partners Etude, we also created an energy efficiency design guide that provides practical, accessible guidance on how to comply with Central Lincolnshire Local Plan policy relating to energy efficiency in new buildings.

Warwick District Council’s zero-carbon development plan document (DPD) was submitted in August 2022. Our team worked with the council from start to finish – creating an evidence base for net-zero development, supporting throughout the consultation process.

We also worked with local authorities including London Borough of Lambeth, West Berkshire District Council and Cherwell District Council, along with supporting the Greater London Authority by scrutinising the planning application of one of London’s largest regeneration opportunities. Working alongside the planning consultancy Edgars, we also created Royal Borough of Windsor and Maidenhead’s climate change supplementary planning document.

Supporting a borough-wide climate alliance

The Climate Partnership is an alliance of businesses, charities, and community groups working together to achieve a sustainable future for Windsor and Maidenhead. Launched as an independent community interest company last year to support the delivery of the Royal Borough of Windsor and Maidenhead’s climate and sustainability strategy, we supported the partnership’s creation with stakeholder mapping and a local needs analysis and materiality assessment, enabling it to prioritise its areas of focus and maximise its impact.

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Bioregional Development Group

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We supported South Cambridgeshire District Council to understand the impact of its response to the climate emergency across its operations, activities, and influence, set against the was set against our One Planet Living framework.

The Rural Community Energy Fund is a £10m government-funded programme that supports rural communities in England to develop renewable energy projects, which in turn provide economic and social benefits to the community.

We completed our work with four local communities to explore the feasibility of communityled, net-zero-carbon compatible heating systems. Working with partners Fairheat and ICAX, we developed detailed feasibility studies and engaged residents across four communities that have a combined population of over 16,000:

Sustainable new-build homes and communities

We worked with eight developers and housebuilders on sustainability strategies for housingled, mixed-use development. Collectively these could deliver over 22,000 sustainable homes (of which 1,600 are within the planning system and 20,600 are in pre-planning), including 5,500 affordable homes, as well as over 97,000 m2 of sustainable commercial and community space.

As signatories to the #EndGasNow campaign, we have committed only to work on new build schemes that are ‘net-zero ready’ – running with significantly reduced carbon emissions when they are built, and ready to achieve net-zero carbon in operation with the decarbonisation of the electricity grid.

A new sustainable neighbourhood for Manchester

We supported the Mayfield Partnership, a collaboration between Landsec U+I, Manchester City Council, Transport for Greater Manchester and LCR , on the creation of a sustainability masterplan for the Mayfield neighbourhood in Manchester, of the UK’s preeminent mixed-use regeneration projects.

The partnership aims to transform a 24-acre site in Manchester into a vibrant mixed-use neighbourhood. The project involves the revitalisation of industrial land into new homes, offices, retail spaces, and the 6.5-acre Mayfield Park – the first public park to be created in the city centre for over 100 years. The first phase of development will include two of Manchester’s most sustainable office buildings totalling 320,000 sq. ft of Grade A office space, created using innovative building techniques and new, lower impact materials.

One Planet Living was used as an internal tool to analyse the needs and opportunities presented by the site’s local context and model how it could respond to the needs of the community while supporting city-wide and national sustainability targets.

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Bioregional Development Group

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Creating sustainable communities with Socius

Devonshire Gardens aims to transform a brownfield builder’s yard in Cambridge into a mixeduse community with a landscaped park. Opening the site will create a significant new area of public space, improve connectivity, and offer a green haven for local people in an area currently deficient in green space.

Working with partners Socius and Railpen , we enhanced the sustainability performance of the Devonshire Gardens development in Cambridge, and produced a sustainability strategy and sustainability statement covering all aspects of its environmental impact.

Due to start on-site later this year and be completed in 2025, the scheme aims to deliver:

In early 2023 we began supporting Socius and Railpen on Botanic Place, which aims to be the most sustainable workspace in Cambridge. Our support will include a high-level gap analysis and the creation of a sustainability tracker tool, along with playing an active role as a critical friend within the design team as it moves through the detailed design stage.

Under NDA, we’ve been working with a large retailer to support the design of a new distribution centre. Our support has included a local needs analysis, competitor analysis and gap analysis. This initial phase culminated in a vision, design and performance workshop, before a final design brief was produced. The brief was structured using One Planet Living, and will be issued to the developer and its design team to ensure that the project will perform against its sustainability criteria.

- Demonstrating real world impact in Elmsbrook, NW Bicester

One of our longest-running partnerships and a One Planet Living leader, the 393-home Elmsbrook development – the first phase of the UK’s first eco-town in Bicester, Oxfordshire – received an updated performance assessment, which demonstrates exactly how it is working in practice:

These results show that the eco homes we helped to design almost 10 years ago are comfortably outperforming many new homes that are built today. This is a huge achievement for our partners A2 Dominion and Cherwell District Council , and an inspiring example for the wider housebuilding sector to follow, whose building methods have largely failed to keep pace with industry best practice.

Sustainable retrofit

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Alongside 3G Construction and Transition by Design, we produced a practical guide for homeowners and landlords in Cambridge on how to make their homes more energy-efficient, explaining how to approach a ‘whole house retrofit’, which measure would best suit their home, and which would be most cost-effective. Briefed by Cambridge City Council with establishing the technical and cost requirements to achieve net-zero carbon for Cambridge residents, we selected and energy-modelled seven different housing types that are commonly found in the city.

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Bioregional Development Group

Sustainable business consultancy

Our consultancy work continues to focus on businesses in the retail, and food and beverage sectors, as well as the engineering, construction, and property sectors.

Last year we supported 21 organisations to develop and deliver their sustainability strategies, sustainable product guidelines, carbon-footprinting, and net-zero roadmaps. These businesses collectively employ over 124,000 people , with a combined total turnover of over £27bn .

Redefining sustainable home improvement retail with Kingfisher plc

For more than 11 years we have worked with Kingfisher plc – Europe’s leading home retailer and the owner of B&Q and Screwfix in the UK – on a wide range of sustainability initiatives, a journey that has helped millions of people to live more sustainably and comfortably in their homes.

We have supported Kingfisher to redefine sustainable home improvement retail – with further transformational progress to come. Kingfisher delivered amazing results during 2022/23:

Carbon footprinting for The Portman Estate

We supported one of London’s oldest landed estates to calculate a carbon footprint for its entire operations, covering scopes 1, 2 and 3. We developed an innovative new methodology which enabled us to use actual energy data, rather than estimations, to calculate scope 3 emissions from leased assets. This significantly improved the accuracy of the footprint, allowing the Estate to understand its full carbon impact, and to refine its current carbon reduction targets to meet its ambitions of reaching net zero by 2040, in line with Westminster City Council’s climate strategy.

We also reviewed The Portman Estate’s Sustainability Action Plan, which we developed with the Estate in early 2022. Drawing on stakeholder interviews and KPI data we assessed progress over the past year against the One Planet Living principles, identified key successes and areas

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Bioregional Development Group

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for improvement, and helped the Estate to prioritise actions and resources over the coming year.

Scope 3 emissions calculations and reduction strategies

We helped businesses and organisations to better understand their scope 3 emissions, and what they can do to reduce them.

We supported the Derbion Centre – the largest shopping centre in the East Midlands, home to over 170 stores and with over 2m visitors a year – to understand how its current sustainability performance stacks up - and develop an action plan for improvements. Following a gap analysis, we undertook a full scope 3 footprint and worked with an external partner for a site-level scope 1 and 2 audit. Armed with this, and an understanding of Derbion’s priorities, we developed a sustainability action plan across four key workstreams, providing guidance on near-term and long-term milestones.

Sue Ryder is a national healthcare and bereavement charity with the ambition to operate one of the most sustainable charity shop chains in the UK. We helped it to review its scope 3 emissions and create its sustainability strategy. This gave Sue Ryder a comprehensive assessment of its sustainability baseline position, and a clear plan for how to move forward. We set the organisation’s first net-zero target, backed-up by a pathway for reaching net zero across scopes 1 and 2. Sue Ryder has committing to achieving net-zero emissions by 2035 for its scope 1 and 2 emissions, and scope 3 by 2050.

NG Bailey is the UK's leading independent engineering and services business. We supported it with the development of its science-based targets, which have now been approved by the Science Based Targets initiative. These include reducing absolute scope 1 and scope 2 greenhouse gas emissions by 50% by 2031, and for 75% of its suppliers, by spend to have science-based targets by FY2027. To support NG Bailey’s ongoing sustainability reporting, we also conducted a scope 3 footprint for its procurement, waste, and employee commuting.

We undertook initial carbon footprints for several organisations to help them begin their netzero journeys. This included housing associations Radcliffe Housing Society and Raven Housing Trust . We also began work on a large carbon footprinting project with Open University , carrying out the initial carbon scoping work.

Supporting the United Nations Environment Programme to promote sustainable construction materials and reduce chemical pollution

UNEP Eco-innovation Manual – increasing the use of sustainable construction materials

We have worked with the United Nations Environment Programme since 2020 to create and launch the Eco-innovation supplement on building materials. Created with our partners at National Cleaner Production Centre Sri Lanka, the supplement equips SMEs in the building materials industry with a toolkit and methodology to embed sustainability into their business strategies and identify new products, services, and practices that yield sustainability and economic benefits.

The supplement provides sector-specific examples and application of the eco-innovation process for building materials companies, and gives guidance on managing chemicals of concern, measuring, and reducing the carbon emissions associated with building materials, and improving circularity. It can help companies reduce waste and operational costs, stay ahead of regulation, and meet increasing customer demand for more sustainable products.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Building UNEP / GlobalABC’s Sustainable Building Materials Hub for global policymakers

To help the construction industry to shift towards more sustainable materials and construction methods, we continued to support the development of a new resource ‘hub’ - Sustainable Building Materials Hub that will help policymakers around the world tackle some of the most pressing sustainability and environmental issues linked to the building materials and construction industries. The Hub contains a range of resources - including tools, case studies, and policy guidance – that can aid policymakers in improving the environmental performance of the industry.

We supported UNEP, as the host of the Secretariat for the Global Alliance for Buildings and Construction, with the Hub’s full development process using a participative approach – scoping, user journey research, wireframe sketches, working group user research, resource preparation and developer liaison. The hub will be integrated into the GlobalABC website and is expected to be launched in 2023.

Reducing chemical pollution from building products

To tackle the issue of worldwide chemical pollution, we supported UNEP to deliver an info-hub on chemicals in building products as part of a Strategic Approach to International Chemicals Management (SAICM) project. Alongside our partner, Sustainable Global Resources, we also produced a guide on tracking, managing and reducing the effects of chemicals of concern in building materials through sustainable public procurement, a powerful instrument for shifting markets towards safer and more sustainable building materials.

The SAICM GEF 9771 project ‘Global best practices on emerging chemical policy issues of concern under the Strategic Approach to International Chemicals Management (SAICM)’ was funded by the Global Environment Facility (GEF).

Exploring how entrepreneurs can combat the climate crisis

RED C is a boutique market research company specialising in media and international research. We helped it explore how impact entrepreneurs are engaging with issues around climate justice, by designing research materials, providing quantitative analysis, and inputting into qualitative summaries and recommendations. Our key recommendations outlined how investors should consider language and framing around climate justice discussions, how actions should be achievable within the scope of impact start-ups, and how accelerators must be mindful of the value provided to impacted communities.

Oxfordshire Greentech appoints its first CEO

Our Oxfordshire-based team has been instrumental in the day-to-day running of Oxfordshire Greentech since we helped launch the low-carbon business network in 2019. Originally part of the £3.2m OxFutures project, this ambitious initiative aims to grow and scale the low-carbon economy for the region and has flourished as its own standalone network since March 2020. In 2023, Oxfordshire Greentech employed Bioregional’s Hannah Scott as its first full-time employee and CEO. This significant milestone means Bioregional will step back from the dayto-day running of the network. However, we maintain a staff member as a director of the board and will continue to champion the great work that it does in bringing together the region’s like-minded entrepreneurs and innovators to collaborate and inspire.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Employee sustainability training

We carried out employee sustainability training sessions with The Portman Estate and Baker Street Quarter Partnership , introducing their teams to carbon jargon, the climate and ecological emergency, One Planet Living sustainability in the built environment and business, and takeaway sustainability actions.

A sustainable future for London’s West End

New West End Company (NWEC) is one of London’s most renowned business improvement districts, covering the world-famous retail and leisure district around Oxford Street, Regent’s Street, and Bond Street. Following our advisory work on last year’s sustainability strategy support, we supported NWEC to keep its Sustainability Member Hub up to date, advising on new sustainability legislation and resources. We conducted a strategic review – covering the world of sustainability from a global and local perspective. This informed NWEC’s new Sustainability Action Plan, which is based on our One Planet Living framework.

This year, the Oxford Street and Bond Street Christmas lights received a sustainable transformation. In line with commitments made in its Sustainability Action Plan and the costof-living crisis, NWEC made the decision to keep its Christmas lights on only during evening hours, to use LED lights in its display, and to ensure the display was made from recycled polymers, reducing its energy usage by approximately 65%.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Co-designing a green business partnership for Sutton High Street

Funded by the Mayor of London’s High Streets for All Challenge, and in partnership with the London Borough of Sutton , the Successful Sutton business improvement district, and the grassroots community music venue Sound Lounge, we helped to set up the Green Enterprise Partnership – a green enterprise model for local businesses that is piloting the first business rates incentive scheme in the UK to help businesses to start and progress their sustainability journey. The partnership aims to work collectively with Sutton’s local SMEs to achieve a viable, zero-carbon business model, which will include greening the supply chain.

We developed a sustainability self-assessment tool that allows SMEs to measure their carbon footprint and assess their impact across key areas, including supply chains, travel and transport, waste, the local economy, and energy use. The tool also generates bespoke action plans for businesses based on their self-assessments, allowing them to identify actions and set targets to reduce their carbon footprint and improve their sustainability impact.

Influencing wider change

Leading industry efforts to build net-zero and sustainable homes

Our CEO, Sue Riddlestone OBE, was appointed to the board of the Future Homes Hub, the alliance of property industry experts and businesses established to develop a long-term delivery plan for the sector in line with the Government’s legally binding net zero and wider environmental targets. As a board member, Sue will help supervise the translation of the Hub’s strategy into deliverable business plans and will support the overall management of the Hub and its business.

Amplifying our voice through industry networks and campaigns

We have contributed to the work of various membership bodies and stakeholder groups, including UK Green Building Council, Aldersgate Group, Green Alliance, Better Buildings Partnership, UN Global ABC, UN One Planet Network, and the Academy of Urbanism. In addition, we have responded to consultations and calls for evidence, including a government consultation on changes to the National Planning Policy Framework, and engagement with UK political parties and policy makers.

We backed the campaign by Possible, which called for a lifting of the de facto ban on onshore wind – a crucial step for climate progress and UK energy security. A public letter was signed by dozens of notable figures from the worlds of politics, media, and science, including Caroline Lucas, Chris Packham CBE, Liz Bonnin, Deborah Meaden, and Mike Berners-Lee.

We also supported the #WarmThisWinter campaign as the UK’s energy crisis and cost-of-living crisis hit households across the country. Bringing together anti-poverty and environmental organisations across the UK, including Bioregional, WWF, and the End Fuel Poverty Coalition, it called on Government to adopt practical measures to help people with fuel costs now and in the future by supporting vulnerable households, retrofitting homes, expanding renewable energy production, and declaring a moratorium on new oil and gas extraction.

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Marketing and communication

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Bioregional Development Group

Our funders

The trustees and staff would like to place on record their gratitude to all the organisations and individuals who continue to support the work of the charity. Our work would not be possible without the support of our partners and funders. Thank you.

Our partners in 2022/23

AECOM Allegra Care Association of Inner Wheel Baird Group (BMB Clothing Ltd) Baker Street Quarter Partnership Baylands Development Inc. Bellway Homes Brightwell-cum-Sotwell Parish Council Cambridge City Council Catalyst Housing Central Lincolnshire Authorities Cherwell District Council Crescent Communities Derbion Dream Eco Birmingham Edward Developments Enable Leisure and Culture First Base Fora FORE Partnership Forest of Dean District Council Fremantle GPF Lewis PLC Grand Union Community Energy Ltd. Green Axis Greencore construction Helena McElmeel Architects Hill Implenia Kesko Corporation Kingfisher Group Legal and General Lambeth Council Lamington Group Landsec Linebox Studio L'Oreal The Low Carbon Hub Manor Royal Business Park Milligan Ltd Mitchells & Butlers Muir Group Nandos

NetApp New West End Company NG Bailey Open University Oxford Advance Living Oxford Brooks University Oxford City Council Oxford United Football Club Oxfordshire Greentech Oxfordshire Local Enterprise Partnership Platinum Property Partners Raven Housing Trust REDC Research Remade Network Royal Borough of Windsor & Maidenhead Salvation Army Trading Co. Sassy Springfield Meadows Savills Selfridges Shenstone Parish Council Singita Socius South Cambridgeshire District Authority South Kesteven District Council South West College Southbank Centre Science and Technology Facilities Council Storey Homes Sue Ryder Summix Sutton Council Thames Valley Berkshire Local Enterprise Partnership The Portman Estate Troup Bywaters + Anders United Nations Environment Programme Urban Equation Voyage Care Warwick District Council West Berkshire Council Whittington & Fisherwick Parish Council Wilko Retail Ltd Windmill

Our grant funders and donors in 2022/23

Skoll Sovereign Housing Association

The National Lottery Westmill Solar Co-operative

19

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Management and Governance

Responsibility for the organisation lies with its trustees, who meet quarterly. Trustees regularly look at their skills sets and review, considering upcoming activity, whether there is a need for training or whether the charity could benefit from recruiting additional trustees with skills or experience that may be valuable within the organisation.

All potential trustees are given a pack containing previous years’ annual report and accounts, the charities memorandum and articles of association, and current Bioregional work plan. They are also directed to the Charities Commission guidance on the responsibilities of trustees.

Prospective trustees are asked to declare they are eligible to be a trustee. They are also asked if they can see any conflicts of interest with being a trustee of the organisation. References are taken up. A vote of existing trustees is then taken on whether to offer a trusteeship. If the potential trustee is backed by a majority of existing trustees, they are formally appointed as a trustee and director of the organisation.

At every annual general meeting one-third of the trustees retire by rotation. The trustees that retire shall be the longest serving trustees. Trustees may be reappointed on retirement.

As part of trustee training and induction, trustees are invited to in-house seminars, project update meetings and question and answer sessions to enable them to fully understand the projects and activity of the charity. A one-day business planning event is held annually for all staff and trustees to review the previous year and plan the next five years aims and activities, together with quarterly strategic meetings to which all trustees are invited.

Day-to-day responsibility for the running of the charity is delegated to the Chief Executive, Sue Riddlestone, who is a member of staff, and who is line managed by the Chair of trustees. Decision-making responsibility is further shared by an executive team of senior staff.

Fundraising Policy

Bioregional’s core fundraising focus is on trusts, foundations and grant making bodies. We do not use any third-party fundraisers, but are registered with the Fundraising Regulator, and there have been no complaints made against the charity with regards to its fundraising activities.

Typically, we apply for large grants of £100,000 and over, and these applications are made for specific projects that will help us scale our impact. Occasionally we apply to smaller funds for one-off projects or for match funding.

We focus on trusts and foundations that list the environment, climate change, and sustainable behaviour and development as core priorities. For energy projects or projects focussed on the circular economy, we look for funders that support innovation and disruptive projects. These are often government or EU funds, or large foundations with specific aims. Recently, we have been working with our corporate clients, partners, and contacts to establish match funding for innovation in retail. As this work develops, a corporate partnership policy will be developed to ensure no conflicts of interest or unethical partnerships are formed.

The Director of Finance and Resources ensures that all costs of the project have been covered, and to confirm that any risks of accepting the grant are fully considered.

Financial Performance

The financial results relate to the period 1 April 2022 to 31 March 2023. The group’s income stood at £1,897,797, an 8% increase from the £1,760,756 income generated in the previous year. The demand for our services has continued to increase hugely, however staff retention and recruitment became a challenge as demand for experienced staff with sustainability skills increased. The following year will continue our focus in growing our income, team, and impact.

20

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Total expenditure for the year amounted to £1,856,115 (2022: £1,850,567), an increase of £5,547 compared to the previous year. We continue to be vigilant, implementing effective and robust processes and internal controls to ensure efficiencies and value for money.

Salaries for the key management staff are reviewed as part of the overall organisation salary review. The key management staff consist of the CEO, and three directors. The salary review is carried out by a remuneration subcommittee that consists of the Director of Finance and Resources, Director of Consultancy, and a member of the board of trustees. The salary review takes into consideration an annual uplift based on forecast inflation rates, a benchmarking review of the sector, and predicted increases in the salaries market for the forthcoming year. Proposals made by the remuneration subcommittee are then considered by the whole Trustee board for their approval.

Bioregional Homes made a deficit of £21,217 for the year. This was due to legal costs from the unsuccessful attempt to secure two sites.

Sustaining Chobham Community Interest Group received a loan in 2019/20 to part fund the costs for a planning application. The £1,436 loss in the year is from consultancy cost relating to the planning application and interest on the loan.

The net result of the group for the year is a surplus of £41,682 (2022: deficit of £89,811). Excluding the charity’s subsidiaries and associates, the charity made a surplus of £64,047 for the year.

Group surplus
Adjustments for:
Bioregional Homes deficit
Sustaining Chobham CIC deficit
Charity surplus		 41,682
21,217
1,436
64,335

The surplus has replenished some of the reserves after previous years’ deficits.

The total funds of the group at 31 March 2023 increased by 24% to £218,022 (2022: £176,340), of which £0 is restricted (2022: £0).

21

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Risk Management

We maintain a risk register and regularly review the risks likely to impact our activities. Changes in legislation have had an effect on sustainability projects and initiatives. In addition, the uncertainty around the transition of the United Kingdom out of the European Union has also had an impact on some organisations who have taken a cautionary approach to start new projects or to put existing projects on hold.

Our strategy remains to diversify our activities to include new initiatives and new income streams in the coming year. We are now focusing our resources to speed up the change that is urgently required for us to be able to live within our planet’s resources. We are also working with property developers to instigate sustainable and affordable new homes and communities in the South East area.

Reserves policy and going concern

The reserves policy of Bioregional Development Group is to have a minimum of three months’ unrestricted expenditure in unrestricted reserves, but the aim is to have six months’ expenditure in reserve as the norm. We have prepared our reserves policy by looking at our forecasts for income and expenditure in the next financial year, taking a view on future needs and staff commitments, reliability of income, contingencies and risks and their likelihood and consequences in line with Charity Commission guidance. We believe this policy is a realistic assessment of the needs of the charity at this time and we will review it annually.

Reserves allow us to operate effectively as most work is paid for in arrears.

This buffer also enables a stable basis for growth and would allow us to meet our commitments if there was to be a funding shortfall. Often statutory funding requires match funding to be claimed. We have an obligation within the financial year to find this match funding from other sources. If we are unable to obtain match funding, we may require the use of reserves to meet the funder’s commitment. During the year, reserves have been used to fund areas of our work where there was a funding shortfall.

The free reserves balance (which is calculated as unrestricted funds excluding designated funds and fixed assets) at 31 of March 2023 for the group was £208,705 (2022: £150,920). This is equivalent to 1.6 months (2022: 1.2 months) of unrestricted expenditure.

It is felt that just over one and a half months of unrestricted expenditure is below what is a prudent level of free reserves, and there is a growth plan in place to increase free reserves to closer to 3 months’ cover during the next two financial years, whilst balancing the needs of our projects and the associated public benefit.

Although reserves are currently below policy, the trustees maintain that the group is a going concern based on the charity’s secured income and pipeline for the 2023/24 financial year.

We use the organisation’s reserves to generate an unrestricted income stream for the charity and have an ethical investments policy. The income derived from these investments is a byproduct of the reserves. Reserves are invested in a way that does not impede their intended use and are currently held as cash.

Statement of trustees’ responsibilities

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

22

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

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 the group and of the income and expenditure of the group for that period.

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

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the group and charitable company 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the trustees confirms that:

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditors

A resolution to reappoint Azets Audit Services as auditors and authorise the Trustees to fix their remuneration will be proposed at the annual general meeting.

Approved and signed on behalf of the Trustees on 24 July 2023.

………………………………….

Jonathan Griffin

Trustee – Chair

23

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Independent Auditor’s Report to the Members of Bioregional Development Group Opinion

We have audited the financial statements of Bioregional Development Group (the ‘charitable parent company’) for the year ended 31 March 2023 which comprise the group statement of financial activities, the group and charitable parent company balance sheets and statement of cash flows and the 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 FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The 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.

24

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

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 Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of responsibilities, the trustees 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 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 group’s and the charitable company’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 either intend 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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

25

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

• Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Other Matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

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.

Sam Thomas (Senior Statutory Auditor) for and on behalf of Azets Audit Services ......................... Statutory Auditor

9 August 2023

Trinity Court 34 West Street Sutton Surrey United Kingdom SM1 1SH

26

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having Share Capital)

Consolidated Statement of Financial Activities (incorporating an income and expenditure account) for the year ended 31 March 2023

Income
Donations
Income from charitable activities:
Advisory income
3
Projects
4
Other trading activities
19
Income from investment
Other income
2
Total Income
Expenditure
Charitable activities
Raising funds:
Other trading activities
19
Share of after tax losses in associate
10
Total Expenditure
5
Net expenditure before gains and
losses on investments
6
Fund balances at 1 April
Fund balances at 31 March
14
Notes		 £
3,425
1,817,510
-
-
447
36,065
1,857,447
1,794,862
20,903
-
1,815,765
41,682
176,340
218,022
Unrestricted
Funds		 £
-
-
40,350
-
-
-
40,350
40,350
-
-
40,350
-
-
-
Restricted
Funds		 Totals
Totals
£
£
3,425
14,435
1,817,510
1,383,681
40,350
326,035
-
-
447
173
36,065
36,432
1,897,797
1,760,756
1,835,212
1,750,718
20,903
99,525
-
324
1,856,115
1,850,567
41,682
(89,812)
176,340
266,151
218,022
176,340
2022
2023

All amounts relate to continuing activities. All recognised gains and losses during the year are incorporated in these figures. For comparatives to the previous financial year, see note 18

The notes on pages 32 to 49 form part of these financial statements.

27

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

Balance Sheets as at 31 March 2023

Notes
Fixed Assets
Intangible assets
8
Tangible assets
9
Investments
10
Current Assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
Net Current Assets
Total Net Assets
Creditors:amounts falling due after one year
13
Total Assets less Total Liabilities
Capital and Reserves
Restricted funds
Unrestricted funds
Total Funds
14		 2023
2022
£
£
-
7,504
9,317
17,916
-
-
9,317
25,420
591,594
504,045
216,529
341,905
808,123
845,950
(265,480)
(374,712)
542,643
471,238
551,960
496,658
(333,938)
(320,318)
218,022
176,340
-
-
218,022
176,340
218,022
176,340
Group		 2023
2022
£
£
-
7,504
9,317
17,916
1
1
9,318
25,421
611,132
515,073
216,094
339,800
827,226
854,873
(247,877)
(355,675)
579,349
499,198
588,667
524,619
-
-
588,667
524,619
-
-
588,667
524,619
588,667
524,619
Charity

The financial statements were approved by the Board of Trustees and signed on 24 July 2023.

…………………………….

Jonathan Griffin Trustee - Chair

…………………………….

Sarah Kemmitt Trustee - Treasurer

Company Registration No. 02973226 (England and Wales) Charity Registration No. 1041486 (England and Wales) The notes on page 32 to 49 form part of these financial statements

28

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

Consolidated Statement of Cash Flows at 31 March 2023

Consolidated Statement of Cash Flows at 31 March 2023 Consolidated Statement of Cash Flows at 31 March 2023
A
B		 2023
2022
Notes
£
£
Cash flows from operating activities:
Net cash (used in) operating activities
A
(139,443)
(220,798)
Cash flows from investing activities:
Investment income and interest received
447
173
Purchase of tangible fixed assets
-
(6,433)
Purchase of shares in associate
-
(324)
Net cash generated/(used) in investing activities
447
(6,584)
Cash inflows from borrowing activities
Cash inflows from new borrowings
13,620
48,918
Loan converted to equity in associate
-
-
Change in cash and cash equivalents in the year
(125,376)
(178,464)
Cash and cash equivalents at 1 April
B
341,905
520,369
Cash and cash equivalents at 31 March
B
216,529
341,905
Notes to the statement of cash flows for the year to 31 March:
Reconciliation of net movement in funds to net cash used in operating activities
2023
2022
£
£
Net movement in funds (as per the statement of financial activities)
41,682
(89,811)
Adjustments for:
Depreciation charge
8,599
11,897
Amortisation charge
7,504
8,186
Investment income and interest receivable
(447)
(173)
Share of after tax losses in associate
-
324
(Increase) in debtors
(87,549)
(125,389)
(Decrease) in creditors
(109,232)
(25,832)
Net cash (used in)/provided by operating activities
(139,443)
(220,798)
Analysis of cash and cash equivalents
2023
2022
£
£
Total cash and cash equivalents:Cash at bank and in hand
216,529
341,905
Group
2023
2022
£
£
216,529
341,905

29

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

Analysis of changes in net debt
Cash at bank and in hand
Loans falling due after more than one year
Total		 At 1 April
2022
Cash flows
At 31 March
2023
341,905
(125,376)
216,529
341,905
(125,376)
216,529
(320,318)
(13,620)
(333,938)
(320,318)
(13,620)
(333,938)
21,587
(138,996)
(117,409)

30

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

(A Company Limited by Guarantee and Not Having a Share Capital)

Bioregional Development Group

Notes to the Financial Statements for the year ended 31 March 2023

1. STATEMENT OF ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below, presented in sterling, and rounded to the nearest thousand pounds.

Basis of preparation

These financial statements have been prepared for the year to 31 March 2023 with comparative information presented for the year ended 31 March 2022.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these financial statements.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity constitutes a public benefit entity as defined by FRS 102.

Basis of consolidation

The statement of financial activities and balance sheet consolidate the financial statements of the charity and its wholly owned group undertakings (listed below) made up to the balance sheet date.

The results have been consolidated on a line-by-line basis and intercompany transactions eliminated in full on consolidation.

The charity holds 33.65% of the share capital in Bioregional MiniMills (UK) Limited. In accordance with FRS 102 this associate is accounted for using the equity method.

As at 31 March 2023, the charity also held 28% of the share capital in One Planet Digital Limited. In accordance with FRS 102 this associate is accounted for using the equity method.

No separate statement of financial activities has been presented for the charity alone as permitted by the Companies Act 2006.

Critical accounting estimates and areas of judgement

Preparation of the financial statements requires the trustees and management to make significant judgements and estimates.

The items in the financial statements where these judgements and estimates have been made include:

31

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

Assessment of going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. They have made this assessment in respect to a period 12 months from the date of approval of these financial statements. This was done by reviewing the amount of secured income for 2023/24 at 31 March 2023 and the 2023/24 income pipeline.

The sector continues to see 20% year on year growth which has continued the increase in demand for our services and we are confident we can reach our income target for 2023-24. The trend of increasing demand for our services is forecast to continue due to carbon reporting becoming mandatory, and the UK’s policy to achieve net-zero carbon emissions by 2050. The biggest challenge is recruiting experienced staff in what is a very competitive job market.

Trustees have also considered the level of reserves of the group, along with the long-term funding agreements in place, the current income pipeline, and the ability to reduce costs swiftly. Taking all this into account they are of the opinion that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the group and the charity to continue as a going concern and the group and charity will have sufficient resources to meet its liabilities as they fall due.

Income recognition

Income is recognised in the period in which the group and the charity has entitlement to income, the amount of the income can be measured reliably, and it is probable that the income will be received.

Advisory income

Income from advisory activities is included in the period in which the company is entitled to receipt. It is measured at the fair value of the consideration received or receivable, excluding value added tax.

Project

Income from projects comprises mainly grants. This income is credited to the statement of financial activities when the group is entitled to the income unless it relates to funding for specific future periods either via explicit or implicit time conditions within the grant agreement. Grants which are subject to specific performance conditions are recognised when the performance conditions for their receipt have been met.

Donations

Donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable.

In accordance with the Charities SORP FRS 102 volunteer time is not recognised.

32

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

(A Company Limited by Guarantee and Not Having a Share Capital)

Bioregional Development Group

Investment income

Income receivable on deposits is recognised on an accruals basis.

Expenditure

Expenditure is included in the statement of financial activities on an accruals basis net of any irrecoverable value added tax.

The cost of charitable activities is all expenditure directly relating to the objects of the charity. Direct and support costs are allocated across the different activities and are allocated based on the approximate time spent on each activity.

Governance costs are all costs attributable to the management of the charity’s assets, organisation, business planning and compliance with constitutional and statutory requirements.

Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the group and the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Fund accounting

Following the requirements of the Statement of Recommended Practice all the funds of Bioregional Development Group have been analysed over the different types of funds, which are:

Restricted funds

Restricted funds are those where the donor has imposed restrictions on how the fund may be used, but which do not prevent the fund being spent.

Unrestricted funds

Unrestricted funds are those which are not subject to any special restrictions and they can be used as the trustees decide. Designated funds are part of unrestricted funds and are amounts the trustees have set aside to cover particular expenditure.

Leases

Payments under operating leases are charged to the statement of financial activities in equal annual instalments over the period of the leases.

Tangible fixed assets

Where individual fixed assets exceed a value of £1,000 or a bulk purchase of fixed assets exceeds £1,000, they are capitalised. They are stated at cost, which represents their purchase cost together with any incidental costs of acquisition less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life.

Office equipment 33% straight line Computer equipment 33% straight line Fixtures and fittings 20% straight line

Intangible assets

The intangible assets relate to the development of the website and One Planet Digital platform. Amortisation is provided at the following annual rates in order to write off each asset over its useful life.

33

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

Website development costs 25% straight line

Investments

Investments in subsidiary companies are valued at cost. Investments in associates have been accounted for using the equity method.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and hand

Cash at bank and hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the group and the charity anticipate it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Foreign exchange

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at rates ruling at the date of transactions. Exchange differences are taken into account in arriving at the net incoming resources for the year.

Pension costs

The charity pays contributions to a defined contribution scheme on behalf of staff. The pension costs are charged to the Statement of Financial Activities as the contributions fall due.

Taxation

The company is registered with the Charity Commission No. 1041486 and as such is exempt from taxation under S.505 of ICTA 1988 on its charitable activities.

34

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

2. OTHER INCOME

3.
ADVISORY INCOME
Recharges to One Planet Digital
One Planet Living® Licensing Fees
Other income
Total
Charitable Consultancy and contracting
Sales of information packs and reports
Educational tours, talks, and training and research
Total		 2023
2022
£
£
13,250 -
13,250
13,932
22,500 -
22,500
22,500
315 -
315
-
36,065
-
36,065
36,432
Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
1,806,319 -
1,806,319
1,365,020
- - -
6
11,191 -
11,191
18,655
1,817,510
-
1,817,510
1,383,681
Unrestricted
Funds
Restricted
Funds

All advisory income in 2022 was unrestricted.

35

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

4. PROJECT INCOME

4.
PROJECT INCOME
One Planet Living
KR Foundation
Westmill Solar Co-op
Sovereign Housing Trust
National Lottery
Innovation
European Regional Development
Fund
Levelling the renewable playing
field
Scaling-up deep retrofit for social
landlords
Core
Kickstart Scheme
Coronavirus Job Retention Scheme
Skoll grant to pivot OPL
Total		 Total
Total
2023
2022
£
£
£
£
- - -
64,575
-
1,219
1,219
1,218
-
1,500
1,500 -
-
6,786
6,786 -
- - -
(3,165)
- - -
45,809
-
(251)
(251)
145,752
- - -
7,565
- - -
5,433
-
31,096
31,096
58,848
Unrestricted
Funds
Restricted
Funds
-
40,350
40,350
326,035

All 2022 income from projects was restricted

All the £40,350 of project income was grant income.

36

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

5. TOTAL EXPENDITURE

One Planet
Living		 Advisory Bioregional
Homes		 Sustaining
Chobham		 Total Total
2023 2022
£ £ £ £ £ £
Costs directly allocated to activities:
Staff costs 66,537 894,334 - - 960,871 785,302
Project direct costs 36,116 244,934 20,512 391 301,953 394,702
Support costs and shared costs allocated to activities:
Premises & office costs 8,631 137,373 - - 146,004 118,572
Central resources staff costs
22,253		 354,201 - - 376,454 439,611
Communications 892 14,204 - - 15,096 36,345
Professional services &
consultancy		 682 10,850 - - 11,532 26,965
Insurance & legal 436 6,942 - - 7,378 9,840
Travel & subsistence 320 5,098 - - 5,418 3,663
Amortisation & depreciation 910 14,477 - - 15,387 19,989
Governance costs 164 2,606 - - 2,770 6,380
Audit fees 783 12,468 - - 13,251 9,196
137,724 1,697,487 20,512 391 1,856,114 1,850,566

Support costs are allocated across expenditure categories based on final FTE allocation for the year.

Comparative figures for 2022

Cities &
Regions		 Advisory Bioregional
Homes		 Sustaining
Chobham		 One Planet
Digital		 Total
2022
£ £ £ £ £ £
Costs directly allocated to activities:
Staff costs 148,988 628,704 7,610 - - 785,302
Project direct costs 74,630 235,122 77,596 7,030 324 394,702
Support costs and shared costs allocated to activities:
Premises & office costs 19,977 97,306 1,289 - - 118,572
Central resources staff costs 74,065 360,767 4,779 - - 439,611
Communications 6,123 29,827 395 - - 36,345
Professional services &
consultancy		 4,543 22,129 293 - - 26,965
Insurance & legal 1,658 8,075 107 - - 9,840
Travel & subsistence 617 3,006 40 - - 3,663
Amortisation & depreciation 3,368 16,405 216 - - 19,989
Governance costs 1,075 5,237 68 - - 6,380
Audit fees 1,549 7,546 101 - - 9,196
336,593 1,414,124 92,495 7,030 324 1,850,566

37

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

6. NET (EXPENDITURE)

Net (expenditure) is stated after charging:

7.
EMPLOYEE COSTS
Staff costs (note 7)
Auditor’s remuneration:
Statutory audit services
- Current year
Other services:taxation services
- Current year
- Prior year
Depreciation
Amortisation
Operating lease rentals
Staff costs
Wages and salaries
Pension costs
Social security costs
Average Headcount of staff (FTE)		 2023
2022
£
£
1,503,679
1,368,272
11,751
9,195
295
295
-
-
7,882
11,897
7,504
8,186
-
20,833
2023
2022
£
£
1,316,781
1,203,613
63,116
58,602
123,782
106,057
1,503,679
1,368,271
29 (27)
30 (28.1)

Six employees received emoluments between £60,000 - £70,000 for the current year (one in the previous year).

No trustees received any remuneration in either the current or prior year. No (2022: none) trustees received reimbursements for expenses in 2023.

The key management personnel of the group comprise the trustees and the leadership team made up of the Chief Executive Officer and the five (2022: five) heads of department. Total employee benefits of the key management personnel were £451,466 (2022: £366,310).

38

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

(A Company Limited by Guarantee and Not Having a Share Capital)

Bioregional Development Group

8. INTANGIBLE FIXED ASSETS

Group and Charity
Cost
At 1 April 2022
Additions
Disposal
At 31 March 2023
Amortisation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value:
At 31 March 2023
At 31 March 2022		 Websites
£
32,744
-
-
32,744
25,240
7,504
32,744
-
7,504

The cost of intangible fixed assets at 31 March 2023 are related to Bioregional's website.

9. TANGIBLE FIXED ASSETS

Cost:
At 1 April 2022
Additions
Disposal
At 31 March 2023
Depreciation:
At 1 April 2022
Disposals
Charge for the year
At 31 March 2023
Net book value:
At 31 March 2023
At 31 March 2022		 Computer
equipment
Fixtures and
fittings
Plant &
Other
Equipment
Total
£
£
£
£
75,445
15,975
18,701
110,121
- - - -
(27,008)
(15,125)
(18,063)
(60,196)
48,437
850
638
49,925
64,039
9,465
18,701
92,205
(31,714)
(9,703)
(18,063)
(59,480)
7,178
705 -
7,883
39,503
467
638
40,608
8,934
383 -
9,317
11,406
6,510 -
17,916

39

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

10. INVESTMENTS

Subsidiaries One Planet
Digital		 BioRegional
MiniMills
(UK)		 Total
Cost £ £ £ £
At 1 April 2022 1 - - 1
Additions - - - -
Disposals - - - -
Share of after tax losses in
associate - - - -
At 31 March 2023 1 - - 1
The investment in subsidiaries at 31 March 2023 represents the share capital in Bioregional
Homes Limited.
Interest
held		 Net assets/
(liabilities)
at 31 March
2023		 Net
(expenditure)
for the year
ended 31
March 2023
£ £
Bioregional Homes Limited 100% (279,145) (20,904)
Sustaining Chobham CIC 100% (91,182) (1,436)
BioRegional MiniMills (UK) Limited 33% (113,003) (623)
One Planet Digital Limited 28% (42,534) (88,862)

Bioregional Homes Limited aims to build One Planet Communities using the ten principles of One Planet Living® in design, construction, and facilities management to achieve sustainable development – genuinely affordable homes that are zero-carbon, built from sustainable materials, that encourage recycling, food growing and biodiversity, and communities that are great places to live and work. The results of the company for the year ended 31 March 2023 are included in note 19.

Sustaining Chobham Community Interest Company is a Community Land Trust established in December 2018 to deliver and manage new affordable homes in Chobham. The results of the company for the year ended 31 March 2023 are included in note 20.

One Planet Digital is an online platform to help cities & local government, communities & real estate, companies & organisations, schools & universities collaborate on plans which are mutually supportive. It is there to help build social and natural capital at the same time as financial capital.

BioRegional MiniMills (UK) Limited aims to develop a small paper pulp mill suitable for pulping local waste materials to reduce the pressure on world forests.

40

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

11. DEBTORS

Trade debtors
Amounts owed by group undertakings
Accrued income and prepayments
Other debtors		 2023
2022
2023
2022
£
£
£
£
268,332
211,176
268,332
211,176
1,100
448
20,638
11,476
317,770
287,731
317,770
287,731
4,392
4,690
4,392
4,690
591,594
504,045
611,132
515,073
Group
Charity

12. CREDITORS: falling due within one year

Notes
Trade creditors
Other creditors
Deferred income
VAT Liability		 2023
2022
2023
2022
£
£
£
£
57,721
137,363
40,708
129,522
37,614
27,492
37,024
16,173
101,978
170,104
101,978
170,104
68,167
39,753
68,167
39,876
265,480
374,712
247,877
355,675
Group
Charity

Deferred income consists of advisory and grant income received in advance for services still to be delivered.

13. CREDITORS: falling due after one year

Loans falling due after one year
Analysis of loans:
Loans are repayable as follows:
Within one year
Between one and two years
Between two and five years
After five years		 2023
2022
2023
2022
£
£
£
£
333,938
320,318
- -
333,938
320,318
- -
- -
- -
333,938
320,318
- -
- -
- -
- -
- -
Group
Charity
333,938
320,318
- -

41

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

Lender Initial
Captial		 Interest
Rate Per
Annum		 Balance
at 31
March
2023		 Balance
at 31
March
2022		 Terms
£ £ £
Unsecured and is repayable in 2024.
Interest on the loan is paid at the time
the loan is repaid. Interest has been
Treebeard Trust 110,000 10% 146,183 146,183 frozen from April 2022.
Unsecured and repayable on securing
planning permission for at least one
housing site. Interest is paid at the time
The Mark Leonard the loan is repaid. Interest has been
Trust 52,000 10% 67,167 67,167 frozen since April 2022.
Unsecured and repayable on securing
planning permission for a site in Chobham.
Interest is paid at the time the loan is
CAF Venturesome 70,000 10% 91,391 91,000 repaid. Interest has been frozen from April
Unsecured and repayable on securing
planning permission for a site in Chobham.
Interest is paid at the time the loan is
John Hoadly 5,000 10% 5,875 5,375 repaid.
Unsecured director's loan which is
repayable on securing planning permission
for a site in Chobham. Interest is paid at
Susan Riddlestone 5,000 10% 5,875 5,375 the time the loan is repaid.
Unsecured director's loan which is
repayable on securing planning permission
for a site in Chobham. Interest is paid at
Daniel Nicholson 5,000 10% 5,854 5,354 the time the loan is repaid.
Unsecured and repayable on securing
planning permission for a site in Chobham.
Interest is paid at the time the loan is
Ronan Leyden 5,000 10% 5,719 5,219 repaid.
Unsecured and repayable on securing
planning permission for a site in Chobham.
Interest is paid at the time the loan is
Richard Hutton 5,000 10% 5,875 5,375 repaid.
Intercompany loan from the charity to
Bioregional Homes. Unsecured and
repayable on securing planning permission
for a site in Chobham. Interest is paid at
Bioregional 17,500 10% 19,538 10,288 the time the loan is repaid.

42

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799 14. MOVEMENT IN FUNDS

Bioregional Development Group

lope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799
Bioregional Development Group
14. MOVEMENT IN FUNDS		 lope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799
Bioregional Development Group
14. MOVEMENT IN FUNDS		 lope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799
Bioregional Development Group
14. MOVEMENT IN FUNDS		 lope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799
Bioregional Development Group
14. MOVEMENT IN FUNDS
(A CompanyLimited byGuarantee and Not Havinga Share Capital)
~~At 1 April~~
2022
Income
Expenditure		 ~~At 31 March~~
2023
£ £ £ £
Restricted funds
One Planet Living - 9,505 (9,505) -
Innovation - (251) 251 -
Core - 31,096 (31,096) -
Total restricted funds - 40,350 (40,350) -
Total unrestricted funds 176,340 1,857,447 (1,815,765) 218,022
Total funds 176,340 1,897,796 (1,856,115) 218,022
Comparative movement in funds figures for 2022
At 1 April
2021
Income		 Expenditure At 31 March
2022
£ £ £ £
Restricted funds
One Planet Living -
65,793		 (65,793) -
Innovation -
188,396		 (188,396) -
Core 4,538 71,846 (76,384) -
Total restricted funds 4,538 326,035 (330,573) -
Total unrestricted funds 261,613 1,420,361 (1,505,634) 176,340
Total funds 266,151 1,746,396 (1,836,206) 176,340

The purposes of the restricted funds are as follows :

One Planet Living : We started a One Planet Cities project funded by the KR Foundation, where we have worked to inspire widespread behaviour change across cities by making sustainable living easier and more attractive.

Innovation : The funds were used for research and development in how social landlords can viably retrofit their housing stock and to pioneer energy clubs to help deliver cheap green electricity to low-income households. Both projects were funded by The Energy Saving Trust.

Core: These funds were used to support Bioregional during the Coronavirus pandemic.

43

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

15. NET ASSETS BETWEEN FUNDS

Group

Intangible assets
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Total funds
Charity
Investments
Intangible assets
Fixed assets
Current assets
Current liabilities
Total funds		 Unrestricted
funds
Restricted
funds
Total
£
£
£
-
- -
9,317
-
9,317
808,123 -
808,123
(265,480)
-
(265,480)
(333,938) -
(333,938)
218,022
-
218,022
Unrestricted
funds
Restricted
funds
Total
£
£
£
1 -
1
-
- -
9,317
-
9,317
827,226 -
827,226
(247,877)
-
(247,877)
588,667
-
588,667

Comparative net assets between funds figures for 2022

Group

Intangible assets
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Total funds		 Unrestricted
funds
Restricted
funds
Total
£
£
£
7,504
-
7,504
17,916
-
17,916
845,949
1
845,950
(374,712)
-
(374,712)
(320,318) -
(320,318)
176,339
1
176,340

Charity

Investments
Intangible assets
Fixed assets
Current assets
Current liabilities
Total funds		 Unrestricted
funds
Restricted
funds
Total
£
£
£
1 -
1
7,504
-
7,504
17,916
-
17,916
854,872
1
854,873
(355,675)
-
(355,675)

524,618
1
524,619

~~44~~

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

16. OBLIGATIONS UNDER LEASING AGREEMENTS

The following payments are committed to be paid in respect of leased assets:

Land and Buildings Land and Buildings
Group and Charity
2023 2022
£ £
Within less than one year - 20,833
Between two and five years - -
More than 5 years - -

17. RELATED PARTY TRANSACTIONS

During the year, the group undertook the following transactions with related parties:

Name Details Value of transactions
during year		 Value of transactions
during year		 Amount owed to
Bioregional Development
Group at 31 March		 Amount owed to
Bioregional Development
Group at 31 March		 Amount owed to
Bioregional Homes at
March		 Amount owed to
Bioregional Homes at
March		 31
2023 2022 2023 2022 2023 2022
£ £ £ £ £ £
Bioregional MiniMills Recharges - 448 - 448 - -
(UK) Limited Loan to BRMM - - 50,000 50,000 - -
One Planet Digital
Limited		 Recharges 20,750 21,632 1,100 4,332 - -
Sustaining Chobham
CIC		 Consultancy/
recharges		 1,045 - - - - 380
Bioregional Homes
Limited		 Loan & interest to
BH		 9,250 10,288 19,538 10,288 - -
Bioregional Homes
Limited		 Recharges - 5,382 - 741 - -

Individuals’ shareholdings in group companies

Sue Riddlestone (CEO) is the director of Bioregional MiniMills, has a 7.75% (2022: 7.75%) shareholding in the company, and is owed an outstanding loan of £25,000 (2022: £25,000) by Bioregional MiniMills.

18. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

45

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group
(A CompanyLimited byGuarantee and Not Havinga Share Capital)
Totals
~~£~~
~~£~~
~~£~~
Income
Donations
74
14,361
14,435
Income from charitable activities:
Advisory income
3
1,383,681
-
1,383,681
Projects
4
-
326,035
326,035
Other trading activities
19
-
-
-
Income from investment
173
-
173
Other income
2
36,432
-
36,432
Total Income
1,420,360
340,396
1,760,756
Expenditure
Charitable activities
1,405,784
344,934
1,750,718
Raising funds:
Other trading activities
19
99,525
-
99,525
Share of after tax losses in associate
10
324
-
324
Total Expenditure
5
1,505,633
344,934
1,850,567
Net expenditure before gains and
losses on investments
6
(85,273)
(4,538)
(89,811)
Fund balances at 1 April
261,613
4,538
266,151
Fund balances at 31 March
14
176,340
-
176,340
Notes
Unrestricted
Funds
Restricted
Funds
2022		 Bioregional Development Group
(A CompanyLimited byGuarantee and Not Havinga Share Capital)
Totals



Notes
Unrestricted
Funds
Restricted
Funds
2022		 Bioregional Development Group
(A CompanyLimited byGuarantee and Not Havinga Share Capital)
Totals



Notes
Unrestricted
Funds
Restricted
Funds
2022		 Bioregional Development Group
(A CompanyLimited byGuarantee and Not Havinga Share Capital)
Totals



Notes
Unrestricted
Funds
Restricted
Funds
2022
~~£~~
74
1,383,681
-
-
173
36,432
1,420,360
1,405,784
99,525
324
1,505,633
(85,273)
261,613
176,340		 ~~£~~
~~£~~
14,361
14,435
-
1,383,681
326,035
326,035
-
-
-
173
-
36,432
340,396
1,760,756
344,934
1,750,718
-
99,525
-
324
344,934
1,850,567
(4,538)
(89,811)
4,538
266,151
-
176,340

46

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

19. BIOREGIONAL HOMES LIMITED PROFIT AND LOSS STATEMENT

Turnover
2
Cost of Sales
Gross Profit
Administrative Expenses
Profit/(Loss) Before Taxation
Retained losses at 1 April
Retained losses at 31 March
Notes		 Totals
Totals
£
£
1,045
-
(17,428)
(66,786)
(16,383)
(66,786)
(4,834)
(16,192)
(21,217)
(82,978)
(258,241)
(175,263)
(279,458)
(258,241)
2022
2023

47

DocuSign Envelope ID: 1DFDE052-9F78-4C46-8F19-7720AE310799

Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

20. SUSTAINING CHOBHAM COMMUNITY INTEREST COMPANY PROFIT AND LOSS STATEMENT

Turnover
Cost of Sales
Gross Profit
Administrative Expenses
Operating Loss Before Taxation
Taxation
Operating Loss After Taxation
Retained earnings at 1 April
Retained losses at 31 March
Notes		 Totals
Totals
£
£
-
-
(1,045)
-
(1,045)
-
(391)
(7,030)
(1,436)
(7,030)
-
-
(1,436)
(7,030)
(89,746)
(82,716)
(91,182)
(89,746)
2023
2022

21. POST BALANCE SHEET EVENTS

There were no post balance sheet events.

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Bioregional Development Group

(A Company Limited by Guarantee and Not Having a Share Capital)

Legal and Administrative Information

Constitution

Bioregional Development Group was setup under a Memorandum and Articles of Association signed by its trustees on the 21 September 1994, and was registered as a charity on 4 October 1994 (charity number 1041486). Bioregional Group Development Group is a company limited by guarantee, registered in England and Wales with company number 02973226.

Members’ liability

The liability of the members shall not exceed £10 each.

Trustees

During the financial year 1 April 2022 to 31 March 2023 and up to the date of approval of these financial statements, Bioregional Development Group’s trustees were:

Chair: Jonathan Griffin Treasurer: Sarah Kemmitt Trustees: Jo Walton Sarah Redshaw Zoë Arden Ben Callison (until 30 March 2023) Jenny Hindley Johann van Dyke Rob Sauven Munish Datta (from 28 June 2022)

Trustees are recommended and nominated by invitation and appointed by vote of existing trustees. At every annual general meeting one third of trustees who have been longest in office since their appointment or reappointment will retire. A trustee who retires at an annual general meeting may, if willing to act, be reappointed. Trustees serve a maximum of two fouryear terms. The trustees act as directors of Bioregional Development Group.

Registered Address

Bioregional Development Group Telephone: +44 (0)20 8404 4880 Sustainable Workspaces Email: info@bioregional.com County Hall Website: www.bioregional.com London SE1 7PB

Names and addresses of other relevant organisations are as follows:

Banker Auditor

Triodos Bank Azets Deanery Road 34 West Street Bristol Sutton BS1 5AS SM1 1SH

Patrons : Professor Sir Ghillean Prance, FRS, VMH

Senior Management:

Chief Executive Sue Riddlestone Director of Finance and Resources Tom Schuurman Director of Consultancy Ronan Leyden Director of Communications Patrick Clift

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