•REEKSIDE DISCOVERY CENTRE CREEKSIDE EDUCATION TRUST LTD TRUSTEES, REPORT AND UNAUDITED ACCOUNTS YEAR ENDED 31 MARCH 2023 COMPANY REGIThATION NUMBER 03857829 Charity Number 1082622
CREEKSIDE EDUCATION TRUST LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2023 "REEKSIDE Contents REFERENCE AND ADMINISTRATIVE DEfAILS TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL AcfiviTIES (Incorporating the Income and Expenditure Accounts) io BALANCE SHEET STATEMENT OF CASHFLOWS 12 NOTES TO THE ACCOUNTS 13-24
CREEKSIDE EDUCATION TRUST LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2023 REEKSIDE DISCOVERYCENTRE CREEKSIDE EDUCATION TRUST LTD REFERENCE AND ADMINISTRATIVE DEfAILS Reglstered charity name Creekside Education Trust kn"mited Charity number 1082622 Company reglstration number 03857829 Registered office Creekside Discovery Centre 14 Creek5ide Deprford London SE8 4SA Trustees Jill Goddard - Chair {resigned I l November 2022) David Boyd Secretary and Trustee Richard Hall Trustee (resigned 5 May 20221 lan Parkinson - Trustee (resigned I l November 20221 Ashok Sinha - Treasurer (resigned 9 Ortober 2023) Kate Coss - Trustee (appointed l November 20221 Fiona Slater - Trustee (appointed l O November 20221 Martin Seely- Trustee (appointed l O November 2022. resigned 2 November 2023} Company Secretary David Boyd Independent Examiner Charles Ssempiiia FCA. NfP Accountants Ltd 3rd Floor, 86 - 90 Paul Street London EC2A 4NE
CREEKSIDE EDUCATION TRUST LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2023 REEKSIDE OISCOVERYCENTRE TRUSTEES, ANNUAL REPORT The trustees, who are also directors for the purposes of company law, present their report and unaudited accounis of the charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the Companies Act 2006. and charities regulations. Accouniing and Reporting by Charities." Staternent of Recommended Practice ISORP), app14cable to charities preparing thelr accounis accordance with the Financial Reporring Standard applicable in the UK and Republic of Ireland. REFERENCE AND ADMINisfiiATIVE DAlL5 Reference and Administrative detalls are shown on page 3 of the accounts. THE YEAR IN REVIEW: Trustee's Foreword This was a year of corF501idaiion. planning. and transition. Lucy Harrigan, graduated from her previous position as temporary co-ordinator to co-ordinator on a part time basis and worked with the staff team and trustees to ensure financial stability and the ongoing successful delivery of project objertives. Work began on the process of reviewing and building new staff and governance structures to besi meet the challenges of ihe charity going foard. Two of our long serving trustees resigned and we made three new appointments to the board. Two further trustees resigned in the period after 31 March 2023. Conservation habitat management and consultancy work delivered on schedule. Public èngagement. volunteer time and schools visit numbers continued to improve in this post COVID era and we further developed our events and activities programme over the year. The trustees would like to record our thanks to the ourgoing rrustèes and to acknowledge the hard work and cornmitment of our dedicated team of staff and volunteers. The trustees would also like to express their sincere gratitude to those organisations and individuals that financially supported the charity during 2022-2023. These include". Lewisham Council Bazalgette Tunnel Ltd and Thames fideway John Coates Charitable Trust Wlld Trout Trust New Cross Gate Trust L&Q vla the Placemakers Grant Tesco plc The Glasdon Group The charity also received a bequest from the estate of the late Mike Paice. STRucfuR& 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 03857829. It is governed by its Memorandum and Articles of Association and became a registered charity, called The Creekside Education Trust, on 27th Sepiember 2000. The Charity Registration number is 1082622. ELEIoN OF TRusfEES The management of the charity 15 the responsibility of the Trustees who arè elècted and co- opted pursuant to the provisions of the Memorandum and Articles of Association.
CREEKSIDE EDUCATION TRUST LTD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2023 "REEKSIDE DISCOVERYCENTRE POLICIES ADoiYfED FOR THE INDUCTION AND TRAINING OF TRUSTEES New trustees attend and complete an induction programme and are familiarised with how thè activitle5 are designed to deliver charity aims and objectives. ORGANISATIONAL STRucfuRE AND DECISION MAKING The key management personnel of the charity report directly to the Board of Trustees. RISK MANAGEMENT The Trustees have a55es5ed the major risks to which the charity 15 exposed in partlcular, those relaied to the operations and finance5 of the charity and are 5at15fied that the systems and procedures are in place to mitigate the charitvs exposure to the major rlsks as much as possible. OBJEcfivES AND ACTIVITIES The objectives of the charity as set out In the governing document are.. a) To promote the conservation and protection of the physlcal and natural environment in ihe Deptford Creek and the River Thames area bl To advance publlc education in environmental matters cl In the interests of social welfare to provide facilities for the use of Deptford Creek the River Thames and the local environment for recreation and leisure time occupation which do not damage or pollute the environment for the benefit of people living working or resorting tn the area without distlnction on the grounds of age gender ethnic origin mental or physical health or religious polirical or other opinlon. To support achieving the objectives of the charity the following slx strategic objective5 have been adopted". I l Deliver a renovation and improvement plan for the tharity's premises and site. 21 Protect the charity's reserves and strengthen internal controls. 31 Strengthen our community by Informlng and involving local residents, both new and existing. 41 Provide Improved activities that raise satisfaction through effective, efficient, and high-qLsality delivery. 51 Develop and increase a motivate¢J, skilled, and committed staff team. 61 Grow and develop an enthusiastic, committed, and strong trustee board. Maln activities for achieving the objectlves of the charlty Habitat management of our grounds and intertidal zones, whlch are some of the most biodiverse areas for their size in London. Edutating adults on the value of these habitats, Deprford Creek. and the local area A formal education programme of adventurous, hands-on learning for schools, colleges, and universities Delivering activities for family learning Working with volunteers to strengthen these outpurs. Working with developers to improve land management in the area. Managing, rnaintaining, and staffing the Creekside Discovery Centre. PUBLIC BENEFIT The Board of Trustees has complied with the requirements of Section 17 of the Charities Act 201 l and has referred to the Charity Commission's general gyidance 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 2023 t.REEKSIDE DiseovERYCENTrE ACHIEVEMENTS AND PERFORMANCE A strategic review of organisational structures and practices was undertaken to better meet our objectives. Trustees, staff, volunteers, and stakeholders took part In consultancy sessions,. the results of which informed ongoing work to develop sustainable strateglc and operational models that are responsive to the external financial and environmental pressures faced by the charlty today. The day-to-day work of the charlty Is dellvered through the work of our conseryatbon and education teams. Staff and volunteers work together ro support and develop links between the two work streams to maximise output. Nature Consèrvation- We value Deptford's wildlife Our Conse¥v3tion Team delivered on our objective to promote the conservatlon and protection of the physical and natural environment in the Deptford Creek and River Thames area. Work was und@rtaken in nature Conservatio habitat management and consultancy. Publlc engagement was delivered through a programme of guided walks, citizen science projects, volunteerlng opportunities and tralning. Habitat Management was undertaken for biodiversity net gain on the following sltes.. Creekside Dlscovery Centre grounds Sue Codfrey Nature Park Managed on Behalf of Lewisham Council Union Wharf- Managed on behalf of Essential Living L&Q ground5 Managed on behalf of L&Q Conservation work was funded through cotitracts and grant5 and se55ion fees. Environmental Educatlon - We value lifelong learning In line with our objective to advance public education in environmental matters, our Education Team worked to successfully deliver across our education programmes.. Term time sessions for fom)al education establlshments. A highlight this year was the successful delivery of new sessions with 5 universiiies. Thls meets a key aim to expand our educational reach. Lifelong learning. Innovaiive weekend evening community learning sessions and school holiday family leaxnlng opportuniiies. Education volunteering opportunFties, training, and support. The work of the educatSon team wa5 funded through session fees and grants. Tot012¥?3¢Qrntrnbw5.. Ploo Events Chlldren 18 Adults Totol Chlldren & Fomllles zi J92 157 384 tiliienscienre 14 COJ" orntt WorDo Is Educotlo 116 115 573 3829 PublkLow TldÈ Wol 34 84 257 PubllrE 28 54 Thlewa Youth 31 317 SlJl(I 464 5475
CREEKSIDE EDUCATION TRUST LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2023 REEKSIDE DISCOVERYCENTRE FINANCIAL REVIEW INCOME AND EXPENDITURE Total income for the year was £161.725 (2022.. £178.0921 and expendrture for the year was £173,995 12022-. £165.6301. Depreclatlon of the Creekside Discovery Centre building accounts for £21,850 of the expenditure. Net loss for the year was £12.270 12022.. surplus £12,462). 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 £101,082 (2022.. 184,136}. Free reserves are the part of a charlty's unrestricted funds that Is freely available to spend on any of the charlty's purposes. Free reserves therefore exclude tanglble fixed assets.. Core running costs for six months were £59,242 (2022.. £57,276). The trusiees conslder the level of reserves appropriate in vlew of the planned increase in actlvity In the year ending 31 March 2024 following ihe successful Introduction of new management. Total reseNes at the year-end were £280,20912022.' £292.4791 of whlch £40.647 were restricted and £239,562 were unrestricted. Of the unrestrlcted funds. £134.196 Is dèsignated to cover the net book value of the buildin9. Gèneral reserves were £105.366 12022.. £88,225). PRINCIPAL FUNDING The Trustees would Ilke to express thelr slncere gratltude to those organlsations and Indlviduals who coniinued io support the Trust during 2022-2023. GOING CONCERN The charliy Is able to pay its debts and is operatlonally sound as a golng concern, The Trustees remaln confldtnt of the future succe55 of the charSry dependent on the success of our fundraising activitie5 and our financial contributions from other sources Such a5 commerclal partners, financlal support through rhe local authorltles as a by-product of commerclal development in the locality. Thls Is In recognltSon of our locatlon In a hlgh value but low amenity, deprlved community and open space area. and our income earning seNlces. The land that The Creekside Discovery Centre is on is held on a lease. The tharitv has developed a long-standlng partnershlp wlth ihe landowner and last year slgned a lease fpr a further 35 years. RELATED PARTY RELATIOfrISHIPS The Charity ha5 con51dered the dlsclosure requlrements of the SORP for related paity relatlonships. The charily has no related party connections with other organisatlons. The trustees consider that the members of the board and their close ronnections to be the only related partles of ihe charity. All trustees give theor time voluntarily and receive no benefits from the charity. No trustee has reclaimed any expenses from the charlty in the year12022= £396 In respect of travell. REMUNEIiATION POLICY FOR KEY MANAGEMENT PERSONNEL The pay of the charity's Coordinator is reviewed annually and normally Increased In accordance wirh London average earnings, depending on affordability. The trusiees also draw on their knowledge of the sector and common practice in other charities of similar size to ensure that the remuneratlon set Is fair and not out of line wlth that generally paid for similar roles. PLANS FOR FirruRE PERIODS Creekside Edlscation 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 fundlng streams alongside the day.to-day running of the Trusr.
CREEKSIDE EDUCATION TRUST LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 37 MARCH 2023 TRUSTEES RESPONSIBIUTIES The charity trustees (who are also the directors of Creekside Education Trust Ltd for the purposes of company law) are responsible for preparing a trustee5' annual report and financial statements in accordance with applicable law and United Kingdorn Accountin9 Standards Iunlted Klngdom Generally Accepted Accounting Praaicel. REEKSIDE DISC0IERYCERE Company law requires the charity trustees to prepare financial statement5 for each year which give a true and fair view of the state of affair5 of the charity and of the incoming resources and applicatbon of resource5, including the income and expendltyre, of the charitable group for that perlod. In dolng $0 tht trustees are requlred to.. Select suitable accounting policies and rhen apply them consistentlv,. Make judgements and estlmates that are reasonable and prudent., State whether appllcable a¢countln9 Standards have been followed. subject to any material departures disclosed and explained In ihe ftnanclal statements., Follow the meth¢xls and principles of the Charlty SORP,. and Prepare the financlal statements on the goln9 concern basls unless It Is Inapproprlare to assume that the group will contlnue in buslness. The trustee5 are re5ponslble for keeping proper accounting records that dlsclose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charity and to enable them to ensure that the flnanclal statements comply wlth ihe Companles Act 2006. They are a150 responsible for safeguarding the assets of the charity and the group and hence taklng reasonable steps for the preventlon and detectlon of fraud and other irregularities. The trustees are responslble for the malntenance and Integrlty of the corporate and flnanclal nformation included on the charSVs website. Leglslation in the Unlied Kingdom governing the preparatlon and dlssemlnatlon of flnanclal statements may differ from leglslatlon In other Jurlsdlctlons. PREPARATION OF THE REPORT In preparlng this report, rh¢ Board of Trustees have taken advantage of the small companles exemptlons provlded by sectlon 415A of the Companies Act 2006. APPROVAL OF THE REPORT This report was approved and slgned by order of the Trustees on 6 December 2023. Davld Kate Cos5 etary and Trustee Trustee 6,IL.IS .IZ.ZT
CREEKSIDE EDUCATION TRUST LTD (the "Company") INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the year ended 31 March 2023 I reporr on the accounts of the charfty for the year ended 31 March 2023 set out on pages IOto24. Respective responsibilities of the Trustees and examiner As the trustee5 of the charitable company land a150 Its directors for the purposes of company law) you are responsible for the preparation of the account5 in accordance wth the requirements of the Companies ACE 2006 1.the 2006 Act'l. You are satlsfled that the accounts of the Company are not rèquirèd 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 I'the 2011 Act,). In carrying out my examirtation I have followed the directions given by the Charity Commission under section 14515)(bl of the 2011 Act. Independent examinerfs statement I have completed my exambnatlon. I confirm that no matters have come to my attention i connection wirh the examination giving me cause to believe Ihat in any material respett= accounting records were not kept as requ4red by section 386 of the 2006 Act.. or 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 rnatter considered as part of an independent examination., or 4. the account5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitles applicable to charittes preparÉng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Deporture from the 2008 Regt41ations l understand that the financial statements have been prepared to give a Irue and faie view. and have departed from the Charitie5 IAccounts and Report51 Regulations 2008 (the "Regulations'l. only to the exient required to provide a 'true and fair view. This departure has involved following SORP 2015 FRSI 02. rather than the Accouniing and Reporting bv Charities.. Statement of Recommended Practice effective from l April 2005 ISORP 20051, which 15 referred to in the Regulations, but ha5 since been withdrawn. Conclusi017 I have no concerns and have come across no other marrers in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Charles Ssempiii< ACA NfP Accountants Ltd 3rd Floor, 86 - 90 Paul Street London EC2A 4NE Date.. 08 December 2023
CREEKSIDE EDUCATION TRUST LTD STATEMENT OF FINANCIAL AcnvmES (Incorporatlng an income and expendlture account) For the Year Ended 31 March 2023 2022 Total Ngte Oonations and le8acie5 Charitable xtv4f(ie5 Educatknn and CommunNv 5338 10,338 64519 67.666 112J85 17.771 17.771 6J35 82.643 45 22P65 143588 I265 29 12 Ecok)8v and COrL%erva¢lj Otlr tradin8 tivftie5 In¥estm Total 6A35 448 76.288 29 12 m2 85.437 161,725 8810 178.Q92 Palsingftsndg Charitable artnrfts 4.462 75A42 4.742 9232 4,742 16088 93.691 I693* 68.056 eAperKfthre 93MI 173J95 97574 68,056 165,630 14.0161 IBJ541 IUA701 17,4921 19.954 t2N62 Ttstysfets bEten knds 1693 14.7091 693 ri5611 IW701 ¢7A921 19,954 12A62 Net movernert In Total funds broht fDrward 244,271 9562 48JO8 40h47 192A79 09 251,763 244271 28.254 48,208 280.017 292,479 All of the above results are dertved from continuing activities. There were no other recognised gains or losses other than those stated above. Movement5 in funds are disclosed in Note I S to the financial statements.
CREEKSIDE EDUCATION TRUST LTD BALANCE SHEET Company no 03857829 AS AT 31 March 2023 2022 Tane AtS J60,136 Debtors Cash at bank In haTh io &920 17 151655 16L575 6.592 138.698 145.290 Creditors". amoums falli th witlin one ar 11 19W6 12.947 Net cuNent assets 14Ln9 132?43 Totsl assets kneuFr•)thblths 292,479 Total Net Assets 21.209 292.479 The lund$ of the charfty Restricted iome funds UnrÈ#rirtèd in¢oN fund5 DesEnated Fwd5 Gener31 Fd5 410.647 48,2 ts4196 105,366 88.225 Total utriCted fun Z39A 244.271 Ttstsichaiitylunds 292.479 For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to sma]I companFes. The member5 have not required the cornpany to obtain an audit of its financial statements for the year in question in accordance with sertion 476 of the Cornpanie5 Act 2006. The Dlrectors acknowledge their responsibility for complwng with the requirements of the Aci with respect ro 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 6 December 2023 and slgned on thelr behalf by.. David Boyd Secretary and Trustee Kate Coss Trustee 6,rZ 2?
CREEKSIDE EDUCATION TRUST LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 March 2023 Note 2022 Cash flows from op¢raikng actkTtap5 14 36,210 Cash Invethz Dends, Snterest ar rentsfrom Investnts IFhasef¥KSSaI of fixed assets 12 L625 13.1631 Net cash (used knllpffjvbj by trbvqstsngactPlfs ChaDEe kn cash ahd cash t4ur4alwTrts in theyear Cash arj CatheqUnrdnts att .nn1re0f year Cash and equhakntsattheend ofthey03r 13.957 138,6 151655 37.848 l(N),850 138.698 17
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 March 2023 l. Accounting policie5 * Basis of preparntion The financial staremenrs have been prepared in accordance wth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable EO charities preparing ihebr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 (Charities SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companles Act 2006. The accounts are presented in GBP rounded to £1. Assets and liabilities are initially rècognised at historical cost or transaction value unless oihemise stated in the relevant accounting policy or note. l* Reconciliaiion wlth prevlously Generally Accepted Accountlng Practi (C In preparing the accounts, the trustees have considered wheEher in applying the accounting policies required by FRS 102 and the Charities SORP FKS 102 a restatement of comparative items was requlred. The tran51tion date was l April 2014. The trustees believe that no such restatement is necessary. O Public benefft entlty The charitable company meets the definition of a public benefit entity under FRS 102. 4 Going conrn The trustees consider that there are no material uncertalnties about the charitable company's ability to continue as a 90in9 concern. The trustees do not consider thar there are any sources of estimation uncertainty at the reporring date that have a Significant risk of causing a maierial adjustment to the carrying amount5 Of a5set5 and liabilities within the next reporting peritsd. * Income Income 15 recognised when the charity has entltlement to the funds. any performance conditions attached ts)the Income have been met, it is probable that the income will be received and that the amount can IR measured reliably. Income from government and other grants, whether'capital, grants or'revenue. grants, is recognised when rhe 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 speclfied service is deferred until the criteria for income recognition are mei. O Interest 1Vable Interest on funds held on deposit Is included when recelvable and the amount can measured rellably by the charlty. this is normally upon notification of the interest paid or payable by the bank. Fund accountin9 Restrlcted funds a to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted fund5 are donation5 and other incoming resources received or generated for the charitable purposes. Designated fund5 are unrestricted fund5 earmarked by the trusiees for particular purposes.
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 l. Accounting policies (continued) Expenditure and IrTecoverable 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. at)d the amount of the obligation can be measured reliably. Expenditure is classlfied under the following activity headlngs.. Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties voluntary contributions to it, as well as (he cost of any activities with a fun(Jraising purpose. Expenditure on charltable activities includes the costs of delivering seNices and other educational activities undertaken to further the purposes of the charlty and their associated support Costs. Other expenditure represents those items not falllng Into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. l Allocation of sUPIKJrt costs Resources expended are allocated to the particular activity where the cost relates dlrertly to that activity. However, the c05t of overall directlon and administration of each activity, comprising (he salary and overhead cosis of the central function and overheads, are apportioned on the following basis which are an estimare, based on staff time, of the amount attributable to each activity. Cost of raising funds 39£, Education and Community 72%, Ecology and ConseNation 23% and Governance 2%. Governance costs are further allocaied io Cosi of raSslng fLtnds, Education and Community and Ecology and Conservation at 5%, 80% and 15% respectively. ) Oper4tlng leases Rental charge5 are charged on a straight-line basis over the term of the lease. lth Tangible fixed assets Items of equipment are capiralised where the purchase prlce exceeds £100, Oepreciation costs are allocated to attivities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. The builélng was ¢onstructed with the help of capital grants from Veolia Etlvironmental Trust atid London Borough of Lewisham and 15 stated at cost. Where fixed asset5 have been revalued, any excess between the revalued amount and the hlstorlc c05t of the asset will be shown as a revalLFation reseNe in the balance sheet. Depleciation is provided at rates calculated to write down the cost of each a55et to its estimated residual value over its expected useful life. The depreciation rates in use are a5follows'. Equlpment Building Website 25% on cost 4% on c05t 33% on cost D Del)tors Trade and other debtors are reeognised at the settlement amount due after any trade dlscount offered. Prepaymenis are valued at the amount prepaid net of any irade discounts due.
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 l. Accountlng policies (continued) nl Cash a¢ bank WKI In haJKI Cash at bank and cash in hand includes cash and short term highly liquid investments wlth a short maturity of three months or le55 from the date of acqui51tion or opening of the deposit or similar account. Cash balances exclude any fund5 held on behalf of Service users. Creditors and provlslons Creditors and provisions are recognised where the charity ha5 a present obligation iesulting from a pasr event that will probably result In the transfer of funds to a third party and the amount due to setde the obli9ation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowi9 for any trade discounts due. Financial instruments The charlty only has flnanclal assets and financSal liabllltSes 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 loan5 which are Subsequently measured ar amortised cosi using the effective interest method. Pension5 The charlty complles with the auto-enrolment regulatlons. 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 2023 2. Income from charitable aclivitie5 Yearto 31 March 2023 Vnre5tricted Restrlcted Total Self Generated Income Education Community-children & Families ComFnunity- PUNIC Community- Youth Group5 Community- Other New Cr05s G3te Trust Th4rne5 Tideway The Wlld TroutTrust L&Q Placemakers Tescos GLA Natre Trails Glasdon Group Thames Tldeway- Creekside Water Cycle and Wlldlrfe MaF National Grid Ch3pmanTrust Sub-totsl for Educatlon and Communlty engagement ecology and consetvatlon advke Total Income from charrtabje artiv*les 33,491 1,829 8,559 33,491 1,829 8,559 4640 soo 3,506 25,759 7,437 14964 3,506 24,759 7.437 14.964 500 1.000 soo IS 15,000 Is.000 15.000 2.0(K> 67,666 17,771 85,437 54,519 132.185 17.771 149.956 64.519 Y•èrto 31 March 2022 Unrestrirted Restsicted Trfal Self Gerrated IKome Edurdtion Community-children & F8rnilie5 Commur4ty- Publlc Commur¥ty- Youth Groups Community- Other Deptford cllenge Trust Thames Tldeway Government Job Retentlon schÈmè HDHWILLSCharft)bleTru5t Garfield Weston Marsh Ch4rftableTrust Waitrase- Gwe a Ilttle Love schÈmÈ Llmbourne Trust &r William Boreman's Fovnd3tion Culture Team- Creative CPArEe FuThJ grant. Schroder Charity John Coates Charftai4e Trust The WildTroutTrust Sub-totsl lor Educatton and Community en#azement Ecology and con58ryath)n advke Total Income frorn charltable acthilrle5 3D,rA)o 1,476 5,590 1,160 30.0 1.476 5.590 1.160 300 18.LN)O 46,945 117 50Q 15P(NJ 51YJ iJ)DJ I,O(K) 18,(KKI 46,945 117 5QO IS.0 500 i.coo I,wo 4,000 4,000 60,945 22.065 143.588 2265 165 653
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 3. Income from other trading activities 2023 Totsl 2022 Total UnrestiKted Restricted srce Venue Hire Corporate Volunteering Day5 4N35 2,4D) 4,435 1,489 In 2022 all income from other trading activities was unrestricted.
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 4. Analysis of expenditure Yearto31 March 2021 Charitatrdt 8ctiwties Cos1 Ecola¢v SuPrt nd5 Costs ILV5ts If4ote61 Free1e ca aftr&crultm•nt 2,975 71AII 3355 22.811 2.250 1,984 99,1 796 673 Publldtyand Web51 TThnin# Acbvities4ndm4terias 2,105 2,778 I?15 17,015 24,819 1142 116 1,551 5.052 DepClan iht. heèhdwiter ftepairnarrndIDte1 SeoJrftYaDdfire fety 1115utsn 24A19 2,142 116 1551 S2 AttouTrtanw. payroll atsd nsbn lées Indopendentexamlnerfsfee Eank&lwEeS TteeMelelpÈnsts 4,620 4,620 600 491 163 L290 6,OB3 491 163 1.290 1,162 eanlr 4.911 ovld 5vndry VenvelAre C4tprini Slaff Welfareandtr4vel 88 14 42 48 150 21 Volynteprexppn5e5 Printin& PostsSIonDry Subscllption rrsoftwatsandCOnSumablqs Iso Con5ultsncy&Piale551unal F¢¢s 2,975 81661 42,076 2.747 43,536 173,995 5UPPOrtwit&411oEatSon-notÈ 111 1,306 31.346 10,013 871 143.5361 Gtrvernan*Co5tsall1n- note 111 181 2A94 543 13,6181 TotsleXpenditu2O23 462 116001 52,631 173.995 Of ttotal expenditure, £80,304wa$ unresrrtted12022.. £97,574> and £93,691 was re5tritted12022.. E68.0561.
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 4. Analysis of expenditure Icontinued) Yearto 31 March 1022 charable actlvitks E¢1 Co&t•f gJkW¢ Cons¢w¥on Sts5t51Nllte6j FE14[prO9I 67,205 21,468 IA67 94.340 St&ff re(tuitment 155 155 3,705 I3 3,934 27,047 1,733 3,255 2,131 4,969 pli(Y#ebSlt• Traln1ts8 3.102 3.934 DeP13t0 Ught heatand watÈr Repairsand malntehance SeuErityandfSre5afety 27,047 1,733 3,255 2.131 4.969 AcwntiTrw. p8yrollan¢ 4.788 4,788 6(X> 294 294 Trtjstee Meetln8experbses IA28 930 1,428 5.037 4,107 sundry V¢nuÈ Hlre Cen¥ si¥ff Wtlfareandtravel 265 265 15 467 87 219 678 9.600 165,630 Volunteerexpenyej PrintinL P05tw&5tationwy 467 219 678 ITS01tre1rtySrn3bIeS Con5ullanLy&Prole551onal F2e5 76.297 25,402 2,467 58fi64 Supwrtwsts4lloc3tloh)-notr iii 1,760 42.238 13,493 1,173 GeManoth$tsallÉKaknon- noie iii 182 2.912 13,6401 Total expend22 4,742 121A47 39,440 165.$30 Of thetotal expenditure, £97.574 wa5 unrestricted12021'. £106,408) and £68J)56wJs restrlcted12021.. £33A701.
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 5. Analysis of staff costs, trustee remuneration and expenses. and the cost of key management personnel Staff costs were as follows.. 2023 Total 2022 Total Salaries ar)d wèges Scscial securltv C05t5 EmplDyerf5 contributton to defrned contrib(rtion pensSon sthemes 96,376 1.163 1,642 90,005 1,845 1,490 99,181 93,340 No employee earned more than £60,000 during the year12022.' nill. 6. Staff numbers The average number of employees on full-time equivalent basis {head count based on number of staff employed} durlng the year was as follows.. 2022 No. Charitable Activities 7. Relaied party transactions There are no related party transactlons to dbsclose for 2023 12022.. none). There are no donations from related parties whlch are outside the normal course of business and no restricted donations from related partres. The chariiy trustees were neither pald nor received any other benefits from employment wlth the charity in the year 12022. £nill. No charity trustee received payment for professional or other seNices supplied to the charity12022". £nill. No trustee has reclaimed any expenses from the charity in the year 12022,. £396 in respect of travell. 8. Taxatlon The charitable company is exempt from corporation tax as all its income Is charitable and is applied for charitable purposes. 20-
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 March 2023 9. Tangible fixed assets Buildi Ewilxnert Webstte Total C051 orvaluation At 01 April 2022 Additions Disposals At 31 March 2023 S46.257 20307 3.163 575,412 3,163 $46257 23.470 578,575 Depyeclatlon At 01 April 2022 Depreciation forthe year Oepreciation on DispJ5als At 31 March 2023 Net book Valuè At 31 March 2023 390.211 21A50 16217 2,969 415,276 24.819 412.061 19,186 440.095 At 31 March 2022 156.046 160.136 All of the above assets are used for charitable purposes. l O. Debtors 10. Debto 2023 Totsl 2022 Total Trade Debtors 8,920 4,310 2.166 116 6.592 Prepayments Other Debtors 8.920 I l. Creditors 2022 Total Totsl Trade creditors Taxation and Social security Pension Fund Other creditors Accruals Deferred income 389 746 318 L522 15.2 I97 10.295 12.947 21
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 12. Deferred Income Deferred income comprises income frorn educational school visits to run in 2023-24 2022 Total Total Balance at the winni of the year Amunt released to iome in the year Any)unt deferred in the year BalaEbce at the end of the year 10.295 {10,295) 15,290 17,6801 10,295 10,295 13. Pension scheme The Charity does not operate it5 own pension scheme. In 2017 the charity complied with auto-enrolment regulations and registered with NEST. It makes monthly pension contributions to each employees. defined contribution pension scheme. Total contribution payable for the year was £ 1,642 12022.. £1.4901. The amount outstanding at year end wa5 £149 {2022.' £1391. 14. Analysls of net assets between funds Gerwal Urwestricted 2023 Restricted Total Fund5 t*51gnated Tangle fixed assets Net CUent assets 4284 101.083 4.196 138.480 40,646 141.729 Ag at 31 March 2023 105.367 141% 40.646 280.209 General un$tActed 2022 Totsl Fund5 Designated Restricted Tane fixed assets Net curent assets 156,046 160.136 132,344 84,135 48208 As at 31 March 2022 156.046 48208 292,479 22-
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 15. Movements in funds At31 Marth Tra¥S A¢Ji Mr¢h 8air sses Godfrey Essentthl Lir Bai?18etteTunrolttdaThJThansTkwav 113J731 310 27920 24.7S9 L4 2.6791 1531 alncharitableTrttst JohnCo3te5CharirableTn Mike Paice BÈqueSt Crealvechar 142181 ii.((o) (3mQl 16421 (5.719) wildTrDVtT[t 11,547 New Cross GateTrwt L&Q Wècemakers Tidpwaywatercyc 14. LLts5 85A37 3fi911 69a tk5wate&fuD&. Bu111d Totsidenatedlundi (2L8501 pi 134.ts6 i34.6 16931 104366 244271 (6931 231562 T4x&Fws 173.955 At31 Tnsfer5 A131 March ityS SueGodFw J35 1.62Jl 16.15ei 137J741 BaEaWtÈTunnd Ltdan&Trofft5Thkny DÈptfordCIYrri 349 27.920 5J70 2J30 152041 CpMancritadeTn John Coates Ctr•rftat4eTrwi MikèP6Kè BÈst creètivt WildTrourTn TotalRestFKted Funds {6315 L835 Futhd De5iVPt¢d fun¢b. Biikfirylund TOta1dndlundS 177A 154D46 15&046 Ps.n41 ToialuNSiwklnds 2S176a (97574} 244.271 TOtsIFund5 165 292.479 23-
CREEKSIDE EDUCATION TRUST LTD NOTES TO FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 March 2023 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. A two-year project funding a number of activities for young people and adults at 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 youn9 people. Mike Paice Bequest. Funds being used for habitat improvements at Sue Godfrey Nature Park. Creative Change. The project saw the creation of Creekshow by Rita's Kitchen. Wlld Trout Trusr and Environment Agency. Funding a suNeying and habitat improvement project. New Cross Gate Trust. Helped fund the STEM projett. L&Q Foundation. Grant funds the Place Makers Growth Project. Tideway. Supported a Water Cycle & Discovery mapping programme. 16. Reconciliation of net (expenditure) to net cash flow from operating actlvltles 2023 To131 2022 Total Net incomellexpenditure Iforthe rekW)rtiF¥ Feriod las per the statemènt of financial activities) DEpClatiOn charges DNidend5, interest and rent from investments IlncTeasel/decrease in debtors Irease in credr(ors 112,2701 24,819 14481 Il3281 12,462 27,047 1121 14.9131 1,626 16.671 36.210 7. Analysis of cash and cash equivalents At31 March 2022 C35hflow5 At31 March Other ¢han8es Cash at b3nk and in haNI 138.698 13957 152,655 Totsl Cash and Cash egulwalents 13.957 152.655 18. Legal status of the charity Creekside Education Tnjst is a charitable company limtted by guarantee registered in England with registration number 03857829. Its registered office address is Creekside Discovery Centre, 14 Creekside, Depiford, London. SE8 45A. li has no share capltal. The Ilablllty of each member in ihe event of winding up Is Ilmited to £ l. 24-