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2022-03-31-accounts

CREEKSIDE EDUCATION TRUST LTD TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS YEAR ENDED 31 MARCH 2022

COMPANY REGISTRATION NUMBER 03857829

Charity Number 1082622

1

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

Contents

REFERENCE AND ADMINISTRATIVE DETAILS 3
TRUSTEES’ ANNUAL REPORT 4-9
INDEPENDENT EXAMINERS REPORT 10
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating the Income and Expenditure Accounts) 11
BALANCE SHEET 12
STATEMENT OF CASHFLOWS 13
NOTES TO THE ACCOUNTS 14-25

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

CREEKSIDE EDUCATION TRUST LTD

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Creekside Education Trust Limited Charity number 1082622 Company registration number 03857829 Registered office Creekside Discovery Centre 14 Creekside Deptford London SE8 4SA Trustees Jill Goddard – Chair of Trustees David Boyd – (appointed Trustee and Secretary 22 November 2021) Richard Hall – (resigned as Secretary 22 November 2021, resigned as Trustee 5 May 2022) Ian Parkinson – Trustee Ashok Sinha – Treasurer Owen Lysak –Trustee (resigned 18 October 2021) Dorinda Ostermann – Trustee (resigned 16 November 2021) Peter Albin – Trustee (resigned 15 August 2021) Company Secretary David Boyd Independent Examiner Charles Ssempijja FCA, NfP Accountants Ltd 3rd Floor, 86 – 90 Paul Street London EC2A 4NE

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

TRUSTEES’ ANNUAL REPORT

The trustees, who are also directors for the purposes of company law, present their report and unaudited accounts of the charity for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006, and charities regulations, Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and Administrative details are shown on page 3 of the accounts.

THE YEAR IN REVIEW: Trustee’s Forward

Following the COVID related redundancy of the Co-ordinator role in January 2021, temporary management of the charity was provided by the Chair of Trustees on a voluntary basis until February 2022 when Lucy Harrigan, a longstanding member staff was appointed to the role of Temporary Co-ordinator.

A combination of factors including personal issues and ill health contributed to a higher than anticipated trustee attrition rate in this year, compounding the challenges of continued Covid18 fallout. The survival of the charity during this testing time was a testament to the dedication and resilience of the trustees and staff and heralded a period of renewal, with plans put in place to strengthen the trustee board and staff team to better meet the demands of the future.

We value our staff commitment and expertise to the charity and our thanks to them is unanimous.

The trustees would also like to express their sincere gratitude to those organisations who financially supported the charity during 2021-2022.

Deptford Challenge Trust London Borough of Lewisham Garfield Weston Foundation Tideway HDH Wills Charitable Trust Wild Trout Trust John Coates Charitable Trust

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

Creekside Education Trust Ltd is a Company Limited by Guarantee and was created on 12th October 1999. The Company number is 3857829. It is governed by its Memorandum and Articles of Association and became a registered charity, called The Creekside Education Trust, on 27th September 2000. The Charity Registration number is 1082622.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected and coopted to conform to the terms of the Memorandum and Articles of Association.

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

Potential new trustees attend and complete an induction programme and are familiarised with how the activities are designed to deliver charity aims and objectives. They are termed Trainee Trustees until legally signed up as trustees of the charity and directors of the Company.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The key management personnel of the charity report directly to the Board of Trustees.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed - in particular, those related to the operations and finances of the charity - and are satisfied that the systems and procedures are in place to mitigate the charity's exposure to the major risks as much as possible.

OBJECTIVES AND ACTIVITIES

The objectives of the charity as set out in the governing document are:

To support achieving the objectives of the charity the following six strategic objectives have been adopted:

Main activities for achieving the objectives of the charity

PUBLIC BENEFIT

The Board of Trustees has complied with the requirements of Section 17 of the Charities Act 2011 and has referred to the Charity Commission's general guidance on Public Benefit when reviewing its aims and objectives and in planning future activities.

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

ACHIEVEMENTS AND PERFORMANCE

Nature Conservation – We value Deptford’s wildlife

In line with our objective to promote the conservation and protection of the physical and natural environment in the Deptford Creek and River Thames area, CET continued to deliver our conservation management practice. Our methodology is based on informed conservation principles, local knowledge, and year-round management. This approach allows us to respond to the changing dynamic of plant communities and the species they support and works to build resilience in the face of challenges such as development and climate change.

A key highlight this year was the creation of the Tideway funded citizen science Discover Your Wilderhood Project. Conservation staff ran a series of free guided walks to identify and map local wildlife using a phone based biological recording app. The project met its aim to engage & educate local people in species identification and recording and we are seeking to expand the project in the future.

Conservation staff and volunteers carried out management work to meet our aim of achieving wildflower rich ‘brownfield’ habitats on the following sites:

Site management highlights included high plant diversity on the CET site and successful translocations of plant and mud from the CET site to the intertidal terraces at Union Wharf, making this one of the most diverse terraces on the creek.

Challenges included the continued effects of Covid19 including the noted negative effect on Thrush and Blackbird numbers from increased dog walking on Sue Godfrey and communication problems at L&Q resulting in herbicide spraying of managed wildflower habitat.

Environmental Education – We value lifelong learning

In line with our objective to advance public education in environmental matters, CET continued to deliver our education programme. We ran sessions for formal education establishments during term time; weekend and evening community learning; school holiday family learning.

A key highlight this year was the returning of school visits after the Covid19 shutdown. The school’s programme provides vital income to the charity but also creates 1000s of learning opportunities for young people and school staff. We are looking to expand our offer to a more diverse audience, including more under 5s, secondary schools and universities. This programme can go from strength to strength in the future.

The staff team and volunteers delivered learning activities to meet our mission to engage with as many individuals, visitors, businesses, schools, and community groups as possible. We delivered the following:

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

Community learning highlights included the increase of our public Low Tide Walks to twice a month. Not only did this increase public learning, but it also offered more volunteering opportunities and staff development and training.

Challenges included the continued effects of covid19 on group activity with low numbers of attendees at normal peak times of spring and summer.

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

INCOME AND EXPENDITURE

Total income for the year was £178,092 (2021: £174,555) and expenditure for the year was £165,630 (2021: £140,278). Depreciation of the Creekside Discovery Centre building accounts for £21,850 of the expenditure. Net income for the year was £12,462 (2021: £34,277).

RESERVES POLICY

The Trustees aim to create a reserve of funds which will cover at least six months of its core running costs. Free reserves at the year-end were £84,136 (2021: £62,955). Free reserves are the part of a charity’s unrestricted funds that is freely available to spend on any of the charity’s purposes. Free reserves therefore exclude tangible fixed assets: Core running costs for six months were £57,276 (2021: £50,681). The trustees consider the level of reserves appropriate in view of the budgeted increase in activity in the year ending 31 March 2023. Total reserves at the year-end were £292,479 (2021: £280,017) of which £48,208 were restricted and £244,271 were unrestricted. Of the unrestricted funds, £156,046 is designated to cover the net book value of the building. General reserves were £88,225 (2021: £73,867).

PRINCIPAL FUNDING

As Creekside Education Trust could not exist without these income streams, the Trustees would like to express their sincere gratitude to those organisations who continued to support the Trust during 2021-2022.

Deptford Challenge Trust London Borough of Lewisham . Garfield Weston Foundation Tideway HDH Wills Charitable Trust Wild Trout Trust John Coates Charitable Trust

GOING CONCERN

The charity is able to pay its debts and is operationally sound as a going concern. The Trustees remain confident of the future success of the charity dependent on the success of our fundraising activities and our financial contributions from other sources such as commercial partners, financial support through the local authorities as a by-product of commercial development in the locality. This is in recognition of our location in a high value but low amenity, deprived community and open space area, and our income earning services. The land that The Creekside Discovery Centre is on is held on a lease. The charity has developed a long-standing partnership with the landowner and last year signed a lease for a further 35 years.

RELATED PARTY RELATIONSHIPS

The Charity has considered the disclosure requirements of the SORP for related party relationships. The charity has no related party connections with other organisations. The trustees consider that the members of the board and their close connections to be the only related parties of the charity. All trustees give their time voluntarily and receive no benefits from the charity. No trustee has reclaimed any expenses from the charity other than in respect of travel £396 (2021: £280).

REMUNERATION POLICY FOR KEY MANAGEMENT PERSONNEL

The pay of the charity’s Coordinator is reviewed annually and normally increased in accordance with London average earnings, depending on affordability. The trustees also draw on their knowledge of the sector and common practice in other charities of similar size to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

CREEKSIDE EDUCATION TRUST LTD TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022

PLANS FOR FUTURE PERIODS

Creekside Education Trust is funded solely via grants, sponsorships and other donation or contracted payments from third party organisations and visitors. The staff and Trustees work to secure and expand these funding streams alongside the day-to-day running of the Trust.

TRUSTEES RESPONSIBILITIES

The charity trustees (who are also the directors of Creekside Education Trust Ltd for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In doing so 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 charity and to 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

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.

PREPARATION OF THE REPORT

In preparing this report, the Board of Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

APPROVAL OF THE REPORT

This report was approved and signed by order of the Trustees on 10 November 2022.

David Boyd

Dr Ashok Sinha

........................................ ........................................ Secretary Treasurer

CREEKSIDE EDUCATION TRUST LTD

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account)

CREEKSIDE EDUCATION TRUST LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the year ended 31 March 2022

I report on the accounts of the charity for the year ended 31 March 2022 set out on pages 11 to 25.

Respective responsibilities of the Trustees and examiner

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

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

Independent examiner’s statement

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

  1. accounting records were not kept as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Departure from the 2008 Regulations

I understand that the financial statements have been prepared to give a 'true and fair' view, and have departed from the Charities (Accounts and Reports) Regulations 2008, only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 FRS102, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005), which is referred to in the exitent regulations, but has since been withdrawn.

Conclusion

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

Charles Ssempijja, ACA NfP Accountants Ltd 3rd Floor, 86 – 90 Paul Street London EC2A 4NE Date: ………………………... 29 December 2022

CREEKSIDE EDUCATION TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account)

Unrestricted
Note
£
Income from:
Donations and legacies
5,338
Charitable activities
2
Education and Community
engagement
82,643
Ecology and Conservation
-
Other trading activities
3
2,089
Investments
12
Total income
90,082
Expenditure on:
4
Raising funds
4,742
Charitable activities
92,832
Total expenditure
97,574
Net income for the year
(7,492)
Transfers between funds
-
(7,492)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
251,763
Total funds carried forward
244,271		 Restricted
£
5,000
60,945
22,065
-
-
88,010
-
68,056
68,056
19,954
-
19,954
28,254

48,208		 2022
Total Unrestricted
Restricted
£
£
£
10,338

1,970
-
143,588

112,706
38,841
22,065

-16,995
2,089
4,020
-
12
23
-
178,092
118,719
55,836
4,742
4,213
-
160,888
102,195
33,870
165,630
106,408
33,870
12,462
12,311
21,966
-
(1,288)
1,288
12,462
11,023
23,254
280,017
240,740
5,000
292,479
251,763
28,254		 2021
Total
£
1,970
151,547
16,995
4,020
23
174,555
4,213
136,065
140,278
34,277
-
34,277
245,740
280,017

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 15 to the financial statements.

CREEKSIDE EDUCATION TRUST LTD BALANCE SHEET Company no 03857829 AS AT 31 March 2022

£
Fixed Assets:
Tangible Assets
9
Current Assets:
Debtors
10
6,593

Cash at bank and in hand
138,698

145,291

Liabilities:
Creditors: amounts falling due within one year
11
12,947
Net current assets
Total assets less current liabilities
Total Net Assets
The funds of the charity
15
Restricted income funds
Unrestricted income funds
Designated Funds
156,046
General Funds
88,225
Total unrestricted funds
Total Charity funds		 2022
£
160,136
132,344
292,479
292,479
48,208
244,271
292,479		 2021
£
£
188,808
1,680
100,850
102,530
11,321
91,209
280,017
280,017
28,254
177,896
73,867
251,763
280,017

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These accounts were approved by the directors on 10 November 2022 and signed on their behalf by:

……………… David Boyd Secretary

…………………… Ashok Sinha Treasurer

CREEKSIDE EDUCATION TRUST LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 March 2022

Note
£
Cash flows from operating activities
Net cash provided by / (used in) operating activities
16
Cash flows from investing activities:
Dividends, interest and rents from investments
12
Disposal/(Purchase) of fixed assets
1,625
Net cash provided by / (used in) investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
17		 2022
£
36,210
1,638
37,848
100,850
138,698		 2021
£
£
91,067
23
(44,876)
(44,853)
46,214
54,636

100,850

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The accounts are presented in GBP rounded to £1.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Reconciliation with previously Generally Accepted Accounting Practice (GAAP)

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was required. The transition date was 1 April 2014. The trustees believe that no such restatement is necessary.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Interest receivable

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

g) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes .

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

1. Accounting policies (continued)

h) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity headings:

Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose

Expenditure on charitable activities includes the costs of delivering services and other educational activities undertaken to further the purposes of the charity and their associated support costs

Other expenditure represents those items not falling into any other heading

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function and overheads, are apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Cost of raising funds 3%, Education and Community 72%, Ecology and Conservation 23% and Governance 2%.

Governance costs are further allocated to Cost of raising funds, Education and Community and Ecology and Conservation at 5%, 80% and l 5% respectively.

j) Operating leases

Rental charges are charged on a straight-line basis over the term of the lease.

k) Tangible fixed assets

Environmental Trust and London Borough of Lewisham and is stated at cost.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

• Equipment 25% on cost
• Building 4% on cost
• Website 33% on cost

I) Debtors

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

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

1. Accounting policies (continued)

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

n) Creditors and provisions

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

o) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

p) Pensions

The charity complies with the auto-enrolment regulations. It makes monthly contributions to the employee's defined contribution pension scheme with NEST. Annual pension contributions payable are charged to the income and expenditure account on an accrual basis.

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

2. Income from charitable activities

Self Generated Income
Education
Community-Children & Families
Community- Public
Community- Youth Groups
Community- Other
Deptford Challenge Trust
Thames Tideway
Government Job Retention scheme
HDHWILLS Charitable Trust
Garfield Weston
Marsh Charitable Trust
Waitrose - Give a little Love scheme
Limbourne Trust
Sir William Boreman's Foundation
Culture Team - Creative Change Fund grant.
Schroder Charity
John Coates Charitable Trust
The wild trout trust
Sub-total for Education and Community engagement
Ecology and conservation advice
Total Income from charitable activities		 Year to 31 March 2022
Unrestricted
Restricted
Total
£
£
£
30,000
-
30,000
1,476
-
1,476
5,590
-
5,590
1,160
-
1,160
300
-
300
18,000
-
18,000
-
46,945
46,945
117
-
117
500
-
500
15,000
-
15,000
500
-
500
1,000
-
1,000
1,000
-
1,000
4,000
-
4,000
-
1,000
1,000
4,000
-
4,000
-
5,000
5,000
-
8,000

8,000
82,643
60,945
143,588
-
22,065
22,065
82,643

83,010
165,653
Self Generated Income
Community- Public
Community- Other
Thames Water
Deptford Challenge Trust
Thames Tideway
Clifford Chance LLP
Government Job Retention scheme
London Borough of Lewisham
Sub-total for Education and Community engagement
Ecology and conservation advice
Total Income from charitable activities		 Year to 31 March 2021
Unrestricted
Restricted
Total
£
£
£
59
-
59
230
228
458
15,000
-
15,000
10,025
5,552
15,577
15,000
33,061
48,061
10,000
-
10,000
26,385
-
26,385
36,007
-
36,007
112,706
38,841
151,547
-
16,995
16,995
112,706
55,836
168,542

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

3. Income from other trading activities

Site and Venue Hire
Corporate Volunteering Days		 Unrestricted
£
1,489

600
2,089		 2022
2021
Restricted
Total
Total
£
£
£
-
1,489
4,020
600
-
-
2,089
4,020

In 2021 all income from other trading activities was unrestricted.

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

4. Analysis of expenditure

Year to 31 March 2022
Staff costs (Note 6)
Freelance cost
Staff recruitment
Publicity and Website
Training
Activities and materials
Depreciaton
Light, heat and water
Repairs and maintenance
Security and fire safety
Insurance
Accountancy, payroll and
pension fees
Independent examiner's fee
Bank charges
Trustee meeting expenses
Telephone
Cleaning
Covid Mitigation
Sundry
Venue Hire Catering
Staff Welfare and travel
Volunteer expenses
Printing, Postage & Stationary
Subscription
IT Software and Consumables
Consultancy & Professional Fees
Support costs allocation -note 1 i)
Governance costs allocation - note 1 i)
Total expenditure 2022		 Cost of
raising
funds
2,800
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,800
1,760
182
4,742		 Charitable activities
Ecology
and
Conservation
21,468
-
-
-
-
3,934
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
25,402
13,493
546
39,440		 Governance
Costs
1,867
-
-
-
-
-
-
-
-
-
-
-
600
-
-
-
-
-
-
-
-
-
-
-
-
-
2,467
1,173
(3,640)
-		 Support
2022
Costs
Total
-
93,340
-
-
155
155
603
3,705
-
1,883
-
3,934
27,047
27,047
1,733
1,733
3,255
3,255
2,131
2,131
4,969
4,969
4,788
4,788
-
600
294
294
-
-
1,428
1,428
930
5,037
-
-
265
265
-
-
15
15
467
467
87
87
219
219
678
678
9,600
9,600
58,664
165,630
(58,664)
-
-
-
-
165,630
Education and
Community
Engagement
67,205
-
-
3,102
1,883
-
-
-
-
-
-
-
-
-
-
4,107
-
-
-
-
-
-
-
-
-
76,297
42,238
2,912
121,447

Of the total expenditure, £97,573 was unrestricted (2021: £106,408) and £68,056 was restricted (2021: £33,870).

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

4. Analysis of expenditure (continued)

Year to 31 March 2021
Staff costs (Note 6)
Freelance cost
Staff recruitment
Publicity and Website
Training
Activities and materials
Depreciaton
Light, heat and water
Repairs and maintenance
Insurance
Accountancy, payroll and
pension fees
Independent examiner's fee
Bank charges
Trustee meeting expenses
Telephone
Cleaning
Covid Mitigation
Sundry
Venue Hire Catering
Staff Welfare and travel
Volunteer expenses
Printing, Postage & Stationary
Subscription
IT Software and Consumables
Consultancy & Professional Fees
Support costs allocation -note 1 i)
Governance costs allocation - note 1 i)
Total expenditure 2021		 Cost of
raising
funds
2,496
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,496
1,546
171
4,213		 Charitable activities
Education and
Ecology
Community
and
Governance
Engagement
Conservation
Costs
59,892
19,132
1,664
-
-
-
-
-
-
30
-
-
84
-
-
3,850
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
600
-
-
-
-
-
120
-
-
-
868
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
60,874
22,982
2,384
37,110
11,855
1,031
2,733
512
(3,416)
100,717
35,349
-		 Support
2021
Costs
Total
-
83,184
-
-
485
485
378
408
-
84
-
3,850
27,453
27,453
2,682
2,682
3,544
3,544
4,066
4,066
5,176
5,176
-
600
-
-
-
120
1,221
1,221
620
1,488
1,110
1,110
19
19
-
-
130
130
433
433
241
241
54
54
2,119
2,119
1,811
1,811
51,542
140,278
(51,542)
-
-
-
-
140,278

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

5. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Salaries and wages
Social security costs
Employer's contribution to defined contribution pension schemes
Redundancy Pay		 2022
Total
£
90,005
1,845

1,490
-
93,340		 2021
Total
£
78,007

1,090
1,666
2,421
83,184

No employee earned more than £60,000 during the year (2020: nil).

6. Staff numbers

The average number of employees on full-time equivalent basis (head count based on number of staff employed) during the year was as follows:

Charitable Activities 2022
2021
No.
No.
3
3
3
3

7. Related party transactions

There are no related party transactions to disclose for 2022 (2021: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

One trustee was reimbursed expenses representing the reimbursement of travel costs totalling £396 (2021: £280)

8. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

9. Tangible fixed assets

Cost or valuation
At 01 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 01 April 2021
Depreciation for the year
Depreciation on Disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Buildings
£
546,257

-

-

546,257

368,361
21,850
-
390,211
156,046
177,896		 Equipment
£
22,474
-
(2,167)
20,307
14,512
2,247
(542)
16,217
4,090
7,962		 Website
£
8,848
-
-
8,848
5,898

2,950
-
8,848
-

2,950		 Total
£
577,579
-
(2,167)
575,412
388,771
27,047

(542)
415,276
160,136
188,808

All of the above assets are used for charitable purposes.

10. Debtors

Trade Debtors
Prepayments
Other Debtors		 2022
Total
£
4,310
2,167
116
6,593		 2021
Total
£
1,680
-

-
1,680

11. Creditors

Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income		 2022
2021
Total
Total
£
£
389
2,437
746
395
918
209
600
600
10,295
7,680
12,947
11,321

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

12. Deferred Income

Deferred income comprises income from educational school visits to run in 2022-23

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2022
Total
£
7,680

(7,680)
10,295
10,295		 2021
Total
£
7,910
(230)
-
7,680

13. Pension scheme

The Charity does not operate its own pension scheme. In 2017 the charity complied with Auto-enrolment regulations and registered with NEST. It makes monthly pension contributions to each employees' defined contribution pension scheme. Total contribution payable for the year was £1,490 (2021: £1,666). The amount outstandinq at vear end was £139 (2021: £90).

14. Analysis of net assets between funds

Tangible fixed assets
Net current assets
As at 31 March 2022
Tangible fixed assets
Net current assets
As at 31 March 2021		 General
Unrestricted
£
4,090
84,135
88,225
General
Unrestricted
£
9,287
64,580
73,867		 Designated
£
156,046
-
156,046
Designated
£
177,896
-
177,896		 2022
Total
Restricted
Funds
£
£
-
160,136
48,208
132,344
48,208
292,479
2021
Total
Restricted
Funds
£
£
1,625
188,808
26,629
91,209
28,254
280,017

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

15. Movements in funds

Restricted funds:
Sue Godfrey
Essential Living
Bazalgette Tunnel Ltd and Thames Tideway
Deptford Challenge Trust
L&Q
Chapman Charitable Trust
John Coates Charitable Trust
Mike Paice Bequest
Creative Change
Wild Trout Trust
Total Restricted Funds
Unrestricted Funds:
Designated funds:
Building fund
Total designated funds
General Funds
Total unrestricted funds
Total Funds
Restricted funds:
Sue Godfrey
Essential Living
Bazalgette Tunnel Ltd and Thames Tideway
Blackheath
Deptford Challenge Trust
L&Q
Chapman Charitable Trust
John Coates Charitable Trust
Total Restricted Funds
Unrestricted Funds:
Designated funds:
Building fund
Total designated funds
General Funds
Total unrestricted funds
Total Funds		 At 31
March
2021
£
-
-
18,349
369
5,170
1,000
3,366
-
-
-
28,254
177,896
177,896
73,867
251,763
280,017
At 31
March
2020
£
-
-
-
-
-
-
1,000
4,000
5,000
164,691
164,691
76,049
240,740
245,740		 Incoming
resources &
gains
£
12,135
7,000
46,945
-
2,930
-
5,000
5,000
1,000
8,000
88,010
-
-
90,082
90,082
178,092
Incoming
resources &
gains
£
11,315
4,000
33,061
228
1,680
5,552
-
-
55,836
35,055
35,055
83,664
118,719
174,555		 Outgoing
resources &
losses
£
(11,629)
(6,158)
(37,374)
(369)
(5,204)
(792)
(6,531)
-

-

-

(68,056)
(21,850)
(21,850)
(75,724)
(97,574)
(165,630)
Outgoing
resources &
losses
£
(11,476)
(4,945)
(14,712)
(410)
(1,311)
(382)
-
(634)
(33,870)
(21,850)
(21,850)

(84,558)
(106,408)
(140,278)		 Transfers
At 31
between
March
funds
2022
£
£
506
842
-
27,920
-
-
-
2,896
-
208
-
1,835
-
5,000
-
1,000
-
8,000
-
48,208
-
156,046
-
156,046
-
88,225
-
244,271
-
292,479
Transfers
At 31
between
March
funds
2021
£
£
161
-
945
-
-
18,349
182
-
-
369
-
5,170
-
1,000
-
3,366
1,288
28,254
-

177,896
-
177,896
(1,288)
73,867
(1,288)
251,763
-
280,017

CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

15. Movements in funds (continued)

Purposes of restricted funds

Sue Godfrey. A Lewisham Council grant funds the upkeep of the Sue Godfrey Nature Reserve. Essential Living awarded funds to assist in the maintenance of the riverfront on Union Wharf. Bazalgette Tunnel Ltd and Thames Tideway is a two-year project funding a number of activities for young people and adults at the centre.

Deptford Challenge Trust, Strategic grant - To create a network of local community partners to increase the reach and sustainability of the centre.

L&Q. To fund habitat management work at the L&Q Faircharm site. Chapman Charitable Trust. Funds to assist educating young people

John Coates Charitable Trust. Funds to assist educating young people.

Mike Paice Bequest. Funds being used for habitat improvements at Sue Godfrey Nature Park Creative Change project saw the creation of Creekshow by Rita’s Kitchen. Wild Trout Trust and Environment Agency is funding a surveying and habitat improvement project.

16. Reconciliation of net (expenditure) to net cash flow from operating activities

Net income/(expenditure ) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Dividends, interest and rent from investments
(Increase)/decrease in debtors
Increase in creditors		 2022
2021
Total
Total
£
£
12,462
34,277
27,047
27,453
(12)
(23)
(4,913)
29,059
1,626

301
36,210
91,067

17. Analysis of cash and cash equivalents

Cash at bank and in hand
Total Cash and Cash equivalents		 At 31
March
2021
£
100,850
100,850		 Cash flows
£
37,848
37,848		 At 31
Other
March
changes
2022
£
£
-
138,698
-
138,698

18. Legal status of the charity

Creekside Education Trust is a charitable company limited by guarantee registered in England with registration number 3857829. Its registered office address is Creekside Discovery Centre, 14 Creekside, Deptford, London, SE8 4SA. It has no share capital. The liability of each member in the event of winding up is limited to £1.