Comp•ny ft￿stra￿ No. 040203881EnBland •r•d W•les> Charlty Ileglstration No. 1085057 Trust for Sustalnable Llvlng Icompany Ilmited by guarantee) Report of the trustee5 and flnanclal statements For the year ended 30 September 2020 Trust for susts1￿bI¢ U¥k¥ {comp•ny 1knIt￿ bygwantee) Dlrfft Dr M-C Cordonler Se88er (res18￿d 2¢ August 20201 MrCG Felton MrsM.P Lknyd Dr BA Murrer Ms D Mclnty Mrj Ck)5e Mrj Poole MrT Hene¥eld l •ppolnted IP December 2019) Mrs P A Tomllnson l appolnted 15 Septèmber 20201 ExecLrtb4e Director Flnance Mr K Hansen Mr N Ford IResl8ned November 20201 Mr5 S Wooden (Appolnted December 2020) Reilrt•Md olfi¢• H•mpstead Norreys Thatchaffl Berkshlre RG18 OTN Comp•ny rn8lstr*tlon Thufflber 04020388 Ch•rlty r•¢lrtth numb•r 1085057 Audltors R0$5 Brooke Lknthl Sulte I Wlndrush Ctyjrt Abln8don Buslness Plrk Oxfordshire OX14 ISY Bnnkers Natlonal Westmln5ter Bank Pk Winchester Okl Bank 105 Hlgh Street Wlnchester Hampshlre S023 9AW Tntst for Sustaimble Uvlry l•ny Nmlted bYgu￿￿te¢J Contents Report of the trf>ard of Irustees Independent audito￿. report 8-10 Consolldated statement of finandal aclivitles li Consolldated comparatl¥e ststement of fin•ndal actMt*s 12 Bahnce sheet Statement of cash fbw 1&15 Nrfes to the flnanclal statements 16-32 Trust for Swtakn•bl¢ Uvlng (con¥wry limit￿ lryBu•rairtttl Report af the l>o•rd of trustees (dtrecto For the year •nd•d 30 September 2020 The board of trustees. who are akndirectors of the chaflty forthe purposes of Company Law. subrnit the•r annual report and the audited flnan¢ial ststemerrts for the year ended 30 September 2020. These accounts have been prepared In accordan￿ wlth the Ststement of Recommended Prartke ISORP) "Actountln8 and Reportlng by Charttles" rvrflsed In 2019, rekvant •ccounlin8 stsndards and the Companles Act 2(M Recrultment and Appolntmem of Trustees Trust for Sustslnable LIVI￿ henceforth referred to as ISLVAS reglsternd as a Charhy on 16 February 21)01. tt Is Incorporated as a company llmrled 8uardnlee. The charlty 5$ governed ￿ Its memorandum and artlcles dated 20June 2l￿). The charws wholfy-owned tradlng subsldiary. The LNln8 Rainforest Llmlted. henceforth referred to a5 TLR. b5 a Company Ilrnfted shares and re8lstered as company number 02578937 at Companles HcAtse. A bo•rd of trltstees of up to ten members admlnlsters the charky. The tfustees who seThed durlng the perlod and up to the date of thL5 rewrt are set out below. Under of assodatk+n one thlfd of the trustees must retlre at eJch Annual General Meetkn8 and beln8 ell8lble ihry may offer themsefves UP for re*lectlon by • vote of the members. Day-to4ay dedsknns about the operatlon of the charlty are made by the managernent staff employed ty ihe charlty. Stratrfk dedslons are made by the board of truslees or Its desl8nated representatl¥e. Members ofthe chaibtable companyauarantee an amount not eX￿dI￿£1 to the assets ofthe tharltable company In the event of wlndln8 up. The totsl numbei of guarantees x it 30 September 2020 was 8 12019: 71. New IruMees are ￿t￿ety recruhed In order to allow the Board to en￿nce its skllls In ielevant reas such as educatkln. conservatlon. commun1cali0￿, fundralsln& buslness, law and strateglc development. and to replace ￿l-goIn8 truste¢& The Board regularly dlsojsses wtentl•l new trustees at Ils quarterty meètln8s. Inductlon and tralnln8 of TNstees Newtrustees are brlefed ty the Chalrof the ly)ard of trustees or Executk¥e DI￿Or on the sltuatlon of the tharlty upon lolnln& Incomln8 tn5Stees are Jlw made aware of Charty Commtsslon 8uldellnes on the roles and responslbilltles of trustees. Remunerntk)n of kw mana8emenl personnel Declslons relating to the pay and remuneration of the charW5 key management petsonnel11.e. Executble Dlrectorand Mana8ementAccountsntl are made bythe board of trustees or Its desl8n*ed represeniative. taking into acwunt the remunerntbon rates In broadly equfvalerf posltlons In slmllar or8anlsJllons. Tntyt for 5ustalnable U¥lw {compJny Ilmlted ty 8unDtse) Report otthe b￿rd of tntstees (dlrertOTS) Icontlnued) For the year ended 30 september 2020 DaY-t￿daY management The kx)ard of trustees delegates the day-lTrday managernent of the charlty to Its Executfve Dlrector, Karl Hansen. who15 SUPPOrted In thls task by the Mana8ernent Accountsnt. Sarah Wooden. Senior Operatlons Manager. Rupert WesL and Senlor Flnance A5515tart. Paula Rho•ds. Board oftrustoe5 The membets of the board of trustees durlrg the perk>d weie". Dr M-C Cordonler Se88er ( res18ned 26° Au8USt 20201 MrJDEClose Mr C G Felton Mr T Heneveld lappolnted 17th December 2019) Mrs M-P Lloyd Ms D Mclntyre Dr8AMurrer Mrjs Poole Mr5 P A Tomllnson lappolnted ￿ September 20201 fld•t￿ P•rtles TLR. the ch•rWs WhOl￿ned tradln8 subsldlary. provKJes facllltles and operates the ilft shop •nd ￿fa. Any dlstrlbutable proflts avallable are donated to the ¢h•rlty on an annual basls. Objeftlves and •¢¢l¥ltl•s Charltable objects The oblects for whlch the ch•rity was establlshed •re: the educ•tlon of the publlc In relatlon to and the promotron of the conservatlon of the world's ralnfore5ts and other natural resources and anlmal spec￿. In support of these objects. TSL'S vIs￿n Is a world In whkh everyone iseducated and empowered io achleve a Sustainab￿ fvture. TSL works acTO55two keyareas Ilnlernatlonal Educotlon forSust•ln•ble Development ¥nd The LNln8 Rainforest centrel to achieve 4 maln outcomes: Support dellvery of the UN Sus¢•inable Dth*lopment Goals Connect with youth and the teKhers and parents who support thom Educate and emp¢)wer Make sustalnabilty relatable T5L work5 wtth a wkle ran8e of or8an15ations and inftiathes In pursult of It5 charltable obJert￿eS. Internationalty, t￿se Include United Natbons a8encies le.8. UNESCO. UNDP, UNFCCC, CBD, UNCCD and UNEP). governments and their a8encies le.& the Seychelles MinlstTles of EdUcat￿n, A8rkulture. ClimJle ChanBe and Envin)nmen( Natlonal Botsnlcal Garden5 Foundatlon and ihe government of Brltish Colurnbla. Canada). Natlonalty In the UK. these Include the Assoclat6on for Science and D￿cOVery Centres, Eco Attractlons Group, Brrllsh and Irlsh Ass¢xiatK>n of Zoos and Aquarlum5, Renalssan Foundalion and West Berkshlre SEND Provbders Forum. Pa8¢ 2 Trust lor Sust•lnable U¥lry Icnally and Internatk)n•lty, to drb4e lorq-term 8lob•l Impro¥emenl in Éducallon for 5wtsin•ble Development IESDI Promotln8 nature conseThatlon. sustainable devebwient and 9JStalnable lfvlng Hl8hll8hts over the year Included: a8reeln8 • lona-term strateBy to help 8ulde thé charws future development to 2030: athlevlng an ex￿ Ilert start lo the flnandal year fort 2019 to mWMarch 20201. whlch saw YfD vlsi¢or numbers Increase by ￿er 10,tXK) and YTD vlsttor centre IrKome lrtcrease by around 25%, althou thls was folk)wed ty the flrst Covld Ixkdown arml complete d15appearnt)ce of all norm•1 vbsbtor centre respondlng to the Covld crtsk In a proactfve and reslliènt mannerto help s•fegua￿ the ch•rfVs prolrnms and benelklarles. Wlth the vls1tor￿ntre closed frorn 22 PAarch In Ilne with Government dlrectfves, most staff were put on furk>ugh leave except for core anlmaVpl•ffl care •nd m•fta8emenV•dmlnlstratfve 5t4ff. Our Covld-19 Tesponse focused on securfn8 maxlmum financlal support from all availak￿e government and other sources, rnèna8ln8 staff arrnffdements and welfare duriwJ the crlsls, •nd de¥elopln8 reopenin8 plans. whlle operatin8 on hlghly constralned staffln8 levels. movln8 the Internatlonal SclK>ols' Debates and Summll onllne forthe I￿ annfversary of theTSL Internatlonal Schools, Competitions. as planned prtrcovld to reduce barrlers to 8lobal partlclpatlon. The"Partner Powe￿ themed event attracted the dlrect participation of over L(m rtudents and teachers frorn around ihe world and generated over I mlllkm Social medk en8agements indudlng over half a million video thnj-plays. Featured 8ue5ts Included the Presldent of the Seychel￿5 (Danny Faurel. the ExecutNe Dlrertors of Ihe UN FrnmevA)rk ConventSon on aimate Chary {Pètrida EspSnoso1 and UN Convention on Bi>kigical Ofverslty IEllzabeth MaNma Mremal and Tlme Mawlne's 2021'Kid of the Yea¢ (Gllanjali Rao)- Trust for Sust4n•ble iMnB (com￿nY lknlted by guarnnttt) Report of the board of trustee51dtrertorsl (eontlnwll For the ended 30 Septthnber 2020 polnts reJ*tlnll to str•t* •lms Ir4lre p•gph to harn alM)ut and ¢•t hMAv•d wtth sust*ln•ble devdownenl The Lfvlng Ralnforest vIs￿or trntre in Hampstead Norreys, Berkshlre offers a unique and Insplrtn8 educatlonal space in whlch to appreclate the blologkal dfver51ty of the worlds troplcal raInfO￿$ts and explore the Ilnks between ptsnts. anlmals, peopk •nd sustalnable lfvlryq. The Llrflne R•lnforest vlsltorcentre welcomed 64.377 visllors over the year la decrease of around 34% compared with the prerfious ye•r due to the Covld lockdown). Vlsltors Included 52,818 members of the general publk and 11,559 chlldren on Natlonal Currkulum Ilnked school vlslls la decrease of around 51% compared wmh the wevknus yearl. khool v151ts untll mld-march 2020 remained lar8ety unchan8ed compared with the prevlous ye•r, but then dlsappeared completety due to the bckdown. On the Informal educatlon front, new ralnforest4nsplred ￿eftts Induded 'Mad Sclence" Iortober Half Temil, "Green Xmas" lincludin8 two Green Xmas ma￿ets wlth ecovfrlendly produrts fiom hxal stallholders) and "Ralnforest of the Worl(r (February Half Term). Open up o coThvers•thn ¥bO￿ • sustsln•ble future th•t Is •cc•sdbl• to vderyon• Our flayhlp prolect In thts are• Is the TS1 Intern*lon41 Schools Essay Competltlon, Debate and summlt. The tenth anniversary events. themed around PartnerPower. recel¥ed l.11)O essay entfles from $4 countrtes. Insplred over 1.000 people from arOUr￿ the world to attend the TSL 2020 Internatlonal Schools Debate5 & Summlt 12019: 2501. and generated over I mllllon xlal medla en8agements. An Internatlonal panel awarded essay In two age cJle8orles- prirn•ry148e 7-111 arld secondary lage 11-171. The Grnnd Prbze was awarded to Toluwanimi Wonders Ayenl, a 12-year- old from The Herttagekn>JL Nlgerla. A complete lTrsl of winnets is 4v4ll•ble on the TSL webslte. Next year's theme Is Proterting Blodlverslty and the 2021 Debates will once ¥ain take place onllne In order to support the broadest posslble participation of Schools around the world. enpgement Kry areos of practlcal attion nombalfy Indude the Internatk>nal Schools Su5talnablllty Challefv video contest and Volunteer Pro8ram. however unfortunately the 2020 Schools Sustainabilitychallenge was cancelled thls year due to the coronavKus epidemi P•p24 Trust ILY Swtslnable U¥ln8 (c¢)mpany Ilmiled by8u¥anteel Rewt of the bo•rd of truAees Idtre¢t￿s) Iconilnued) Forthe year Énded 30 September 2020 i>rfer the course of the year, volunteering at TSL equated to 765 (2019: 1.466) staff-equlvalent days Invofvln8 32 12019: 60) Individual volunteers at the Livlnl Ralnforest centre and the TSL Internatlonal Schools, Esswi Competltlon and Debates. The charlty benefited from the actlve Involvement of 2312019- 181 regular volunteers who asslsted In areas including plant and animal care. education and events. PR, slte malntenance. management and administratlon. Sp•elal Thanks The Trustees wlsh to record thelr appreclatlon to the staff and volunteers. whose passlon and dedkatlon to the work of TSL and the Livin8 Rainforest 15 wannPrf recognlsed. Our 8ratltude also goes outto the many Indl¥Sdu•b and or8anlsatk>ns who supported our work durln8the year. Includlng 156 Indlvldu•ts who responded to our"SUrv￿1ng Covkf crowdfvndln8 appeal over the Summer. alon8slde a slmllar number of IndhiduJls and 8roups who don￿ed throu8h the Llvlng Rainforest webslte, Our annual members and other don0￿ WI￿ agreed to 81ft ald ertab￿ us to berth from £56.58012019: £79.603) In charltable tsx redalms. We wtsh to rncord our 8ratltude to the Greenham Tiust, Syder Foundatlon and SkyC•res fortheli 8enerous donatlors. and to the UK Government for rnn8e of Covld-related flnand•l support Indudlw ihe Scheme and Zoo Support Fund. PI•M for 2020111 Hl8hllghts Include: contlnuln8 to grow the TSL Intern•tlon•l Educatlon forsustslnable Dvrtlopment pro8rnm. bulkllng on the success of our onllne W>8rnMml￿ In 2020 reopenln8 The Lfvlng Ralnforest centre as soon as tt Is safe to do so. showcasln8 new ralnfofest exhlblts on cloud fO￿st$. Cuvlerfs dwarf caknars and a Phlllppines water monllor openln8 new offices In the nearby vllla8e of Hampste•d Norreys. for stJff and youth Interns ￿herWiSe at rlsk of lon8-terni unempk)yment AnNal An#nd•l Rethi Our total reserves at 305eptember 2020 were £293.55212019: £397,284) and ofthese fund5 £3,887 12019.. £182,331) were restricted funds (the latter were reduced due to a one-off accounting correction, see further infomiation below). Trust f¢r Swtslnable Uvlw (comp*w Ilmft¢d ty8urdntee) Report of the board ol irushej Idirertors) (contlnued) For the year ended 30 SeptÈml*r 2020 The board of Trustees revlews the reseNes on an annual basls. The lonB temi polity b that current free reser¥es (unrestrkted CY￿ent assets less unrestrkted current creditors) should be sufflclent to cover 3 rn¢nihs' nomul operatlng expendlture for youp1£210,0001, plus an addltional IO% contln8ency to cover general fluctttations In expenditure, totallin8 £231,OCXJ of Jrrent free reserves. In the short to medlum terni Ilto 3 year51, it was not possible to secure that level of Teserves sothe alm was to cover I month ol operatln8 costs1É70.¢JX)I plu5 an •ddltlonal 10% contln8enry to cover 8eneral fluctu•tlons In eypendlture. totsllln8 £77,CMXI of current free reserrfes. As at 30th September 2020. the unrestrfcted reserves wère £289.665, hthvever due to an ex¢eption•l trndln81055 Ilnked to Covld-19 and a revlew of the historical calculatlon of restrKted r￿ed assets on the balance sheet, the current free reseprfes of the Group were In defldL Fortunately, casmlow ￿ffla1ned stable due to s18nlfkant external support from Defr•, fvrlouuh payments. and • £50K 8wnce 8a¢k Loan. In Aprll 2021. we •lso ￿Ce￿ed a £250k buslntts Interruptlon insur•rte yyout. ensurln8 that our cashflow Is now in a 8ood and sustalnable position and the flnandal outlook for 20211s much better. Thls, long wlth further Defra 8rants. furlou8h payments and the Introductlon of • new onllne retall shop, are expected to mltl8ate the deftcll ond we antlclpate a return to oui short to medlum term pollcy target levels before the end of the 2021 Ilnandal year. Any further Impact of tt)vld restrl¢tbns wlll be monltored dosety •nd •pproprlate actiC+n taken. Tr•dln8 subsldlary The art￿￿￿e$ of the Trusvs wholty-owned tradlng subsidiary, The LhTln8 Rainforest Ltd. are Inte8rn1 to the del￿ery of key aspects of the Trust for Sustainable Lrlirfs aclivltles, IncludlnB- the curreni lea5elK)Id of the L￿Ing Rolnforest vlsltor centre: the shop and café functklns whlch are Imp)rtant a5F*Cts of the overall vlsltor experlence, and the sharlng of staff resource across both entltle5. Whlle the Trustees believe that the pa￿nt tharmy would In fact be worse off flnancialty wlthout these Important 5ubsldl•ry functlons, the charbty wlll continue to 5trNe to 8enerale proflts In TLR wherever possible. Prlndp•l rllks •nd Un￿t•￿￿e5 The board of trustees has consklered a risk register to re¥%w the major risks to which the tharlty Is exposed and i5satisfied that sWems have been established to mlti8ite those rtsks. Thetop r15ks identffied in the rtsk register were: Cv4Kk19 and ottrw epKJemics; extreme weather. bulldln8 Infra5tructure.¥Klpolltlcal envlronment. Keyfactors affectln8 futtsre financial performan￿ inc￿de the need for.. reslllence plannlng to help wlthstand future extreme publlc hearth and weather w•ents. Includlng explorlng p055lbllltles for Income dlverslflcatlon over the medium and lon8 tem regU￿r repair and renewal of a8in8 infrastrurturethrou8h strate8ic reMwe5tmenL fundralslng and I￿rowIng financial plannin8 to help reduce uncertainties around 8rexlt Including exchange rate fluctuations, unclear import/export rules and changes of 8overnment and government poll¢y P•6 Trust for Sustaln*l¢ Ll¥kng {ctynpaDy Ilmlted by gu•rwrtq*) Report of the bo•nl of trustees Idlr•¢tws) (contIrn￿dj For the year ended 30 September 2020 Publk B•n•fit The Trustees confinn that they have complied *ith the duty in se(tiC￿ 1715) of the 2011 Charities Act to have due reganl to public benefit guidartt pUb￿shed by the Charity Commtssion. Responslbllltles of the bo¥￿ oltnutees The board ot trustees awe re5ponslble for preparlw4 thelr report and the financlal st•tements In Kcordance wlth appllcable law and re8ulatlons. Company law ￿qUIreS the bo•rd of trustee5 to wepre flnandal statements for each flnanclal year whlch Ive a true and falrv]ew of the state of the affalrs of the tharitable company and the group a5 at the balance sheet date and of the Incomlrwd resourw ar￿ applKatknn of resources, Includlng Income and expend￿ure. of the 8roup fof ihe ftn•nci•l year. In we￿rIn&those fi￿nCIal ststements. the board of tn151ees are requlred ti)0: selert sultable acc(wntln8 pollcles and then appty them conslstently; make lu(*em¢nls and estlmate5 that are reasonable and pnjdent. prepare the flnanclal slatements Otl the 8oln8 concern basts unless tt Is Inapprowlate to presume that the company wlll ￿ntITrue on that b3sI The board of trustees Is responslble for malntalnlng proper accountln8 recorn. Audltars Ross Brooke Llmlted have expressed theSrwillinBness to be ￿1p￿)Inted as audltots of the charlty. Thls re￿rt has been prepared In accordance with the prov151ons applkableto comwnies entiiled to the small companles, exemptlon. Approved tythe board of trustees on Th16￿1 and signed on Its behalf ty: Bany Murrer Dlrector Trusl for5ustalnable U¥k¥ Immpany Ilmlted by Su￿nte¢l Independent audltorf report to ihe mernb•rs Oplnlan We have audlted the flnanclal ststements of Trust for gjstalnable ilvln8 for the year ended 30 September 2020 which comprise the consoIMlated s¢atemerrt of flnandal actfvltles, balance sheets, statement of cash flow and notes to the flnanclal ststements. Indudln8 a summary of slgnlfkant accounlin8 policies. The flnanclal reportlng framework that has been applled in thelr preparatlon Is appllcable law and Unlted Kln8dom Accountln8 Standards. Includln8 Flnancial Rewrting Standard 102. the Financlal Reporting Standard appllcable In the UK and RepU￿k of Ireland {Untted Klngdom Genernlty Attepted Ac¢ountlng Practite}. In our oplnlon the flnandal stalemerrts". Ive a true and faIrv￿W of the stsle of ihe affalr5 of the 8roup and the parent charltable company 45 at 30 September 2020 and of the 8roup's Incoming resources and appllcatlon of resources, Includln81ts Income and eXpend￿Ure, for the year then ended; have been properly prepared In accordance wilh Unlted Kln8dom Genernlty Accepted Aceountln8 Pr•rtlce' and have been prep4red in •e¢ord¥n¢e wllh requlrements of thè Companles Act 2CA)6. B•s1s lor oplnlon We conducted our audtt In accordance wlth Intematlonal Standards on Audltln8 IUKI IISA5 IUKII and applkable law. Our responslbllltles under those standards are fvrther descrSbed In the Audltorfs responslbllStles for the audlt of the flnanclal statements Sett￿n of our rep￿t. We are Independent of the @mup and the parent charitJble comyny In ￿￿rd4Th¢e wlth the eihlcal requlrements that Are rebevant to t)ur audlt of the flnanclal statements in the UK. Includ1￿ the FRCS Ethlcal Standard, and we have fvlfilled our other ethltal respon51bllltles In accordance wfth these requlrements. We belleve that the audtt evldence we have obtalnedls sufficlent and approprlale to provkle a bas55 for ouroplnlon. CO￿1¥￿V￿￿ rel*tI￿ to concern We have nothIn8 to report In respect of the followlng matters In relatk+n to whlch the ISAS (UK) requlre us to ￿&￿)rt to you where: Ihè tru￿ee$, use of the 8oln8 concern basls of accountlr8 In the preparatlon of the flnanclal statements ts not approprlate: or the trustees have not dlsclosed In fin•ncl41 statements Jny IdentifSed rn•terial uncertalnties thèt may cast slgnlfkaffl doubt about the group's or the parent charltable companvs a￿lItY to contlnue lo adopt the goin8 Concern basis of attountln8 for a perlod of at least tweNte months from the date when the financlal statemerrt5 are authorlsed for15sue. Other Inlormadon The trustee5 a￿ ￿sponsible for the ￿her Inforniatlon. The other Infomiatlon comprlses the Inforn)atlon Included in the annual report. other than the financial Statements and our auditorf5 report thereon. Our oplnlon on the flnanclal statements doe5 not cover the thher Inft>rmatknn and, except to the extert otherwise explicitty stated in our report. we do not express any form of assurance conduslon thereon. TnBt for Sknialnable Lmrvd fThlted ty y••rtee) IDthp•nd•nt audltor< report to the members (Contin￿d) In connertlon wlth our audit of the financlal ￿atementS. our responslblllty ts to read the other informatlon and. In doln8 50, conslder whether the other InfonnatK)th bs materlally Inconsistent wlth the flnanclal statements or our knowledge ol*alned In the •udlt oi otheThvlse appear5 to be materlalty misstated. If we Identlfy such materlal Inconsistencies or app)￿nt materlal mlsstatements, we are requlred to determlne whether there 15 a materlal mlsststement In the finandal 5t•tements or a material misstatement of the other Informatlon. ff. based on the work we h￿e perfomied. we conclude that there is a materlal mlsstaternent of thls other Infofmatlon: we are requlrtd lo report that hrt. We have nothlng to report In thls regard. Other mattern prwrfbed by th• C￿n￿nIeS Art 2U In our opinlon. based on the work undertaken In the course of the •udlt: the Informatlon 8lven in the Trustees. Annu•l Report whkh Indudes the Dlrertors. Report for the flnanclal ye•r for whlch the financlal statements a￿ prepared 15 consistent wlth the flnanclal statements; and Ihe Trustees, Amual Report whkh Includes the Dlrector5' Report have been prepared In accofdance wlth app1ka￿e le8al rtqulrements. M•tt•rs on whlfh w• •r• rnqulr•d to wep(Yt by •xceptlon In the118ht of the knowled8e and understandln8 of the group and the parent charit•ble company and Its envlronment obtalned In the course of the •udlL we have Th)t klentffied materlal rnlssratements In the Trustee￿ Annual Report. We have nothln8 to Teport In respert ofthe folkMln8 m•tters where the Comp•nles Art 2006 requlre us to ieport to you If, In our oplnlon: the group or parent chJrltsble compary hJ5 not kept adeq￿￿e and suftklent accountlng records, or returns adequate for our oudh have not been rece￿ed from branches not vlsrted by 4Js: or the parent ch•rltable company finandèl statements are not In ayeement wbth the accountln8 records and return5; or certaln dlsclosures ot trustees. remuneratM?n speclfied bylaw are not made; or we have not recelved all the Infonn•tlon and explanatlons we requlre for our audlt. Rejponslbllltles of trwtees As explalned more fvlly in the Statement of Trustees. Re5ponslbllltles set out on page 7, the trustees (who are also the dlreciors of the charitable company for the pUr￿Se5 of company lawl are re5ponslble for the preparntion of the Ilnanclal statements and for beln8 satlsfied th* they glve a twe and falr vlew. and for such Irrtemal control as the trustees deternbine 15 necessary lo enable the prepantk)n of the finandal statements that are free from material mlsstaternenL whether due to fraud or error. In preparin8 ihe financlal statements. the trustees are responsib￿ for assess1￿8 the group's and parent charftable compan*5 ability to continue as a goi￿ concern, diselosln& as applkabbe. matters related to 80ing concern and uslngthe golrw concern basls of accounting unle55 the trustee5 either intend to liquidate the 8roup or the parent charitable cornpany or lo eease 0rffitlo￿. or have no realistic atternatfve Ixrt to do so. Pap9 Tn￿t ftK Sustalnable u¥1￿ {cryry•ny Ilmlted ￿ 8uaranteel In(*endent audttorf report to the (conllnued) Au(rrtoes responslbllities for th• I￿lIt of the fln•nd•l st•t•n We have been appolnted as audttors ur)derthe Cornpanies Act 20￿ and report In •ccordance wSth that Art. Our objectlves are to obtaln ￿asOnable assurnnce about whether the Ilnancial statements as a whole are free from material misstatement. whether due to fraud or error, and to Issue an auditorfs report that Includes our oplnlon. Reasonable assurance b a hlgh level of assur•no, but is not a guarantee that an audlt conducted in accordance wlth ISAS IUKI wlll always detect a materlal mi55taiement when ￿ exlsts. Mbstatements can arlse from fraud or errorand are consldered material rf. Indlvidually or in the aggre8ate, they could reasonabty be ex&￿tte￿ to Infiuence the economlc dedslons of usef5 taken on the basls of these flnanclal rtatements. A further descrlptlon of our resp0nslbl1￿leS for the •udlt of the flnancl•l statements Is located on the Flnanclal Reportlng Councifs webslte at: Thls de5¢riptlon forms part of our audltorfs report. Us• of our r•port Th15 rem bs made solety to the charltable companrfs trustees. as a boty, In accordance wlth Chapter 3 ot Part 16 of the Companles Act 2006. Our audlt work ha5 been undertaken so that we ml8hi slate to the harltable companvs tnistees th05e matters we are requlred to sme to them In an audttors. report Jnd for no other purpose. To the fullest extent perniltted law. we do not accept or ￿UMe responslbllhy to anyone otherthan the charttable comyny. the charltable comparrfstrustees •$ • body• for ouraudlt worl for thls report, or for the oplnlons we have forn)ed. •• Carollne Webster {5enlorStatutory Audltorl For and on behalf of Ross Brooke Llmfted Ross Brooke Llmlted Sulte I Wlndru5h Court Abln8don Bu51ness P•rk Oxon OX14 ISY Statutory Audltor5 Oate: 13lElai Ross Brooke Llmited is eligible to art as an audttor in teffl￿ of sectlon 1212 of the Companies Act 2006, o r*)v ¢W> 8=%8 p4 131 ¢Yi c*me 111- e4NM f•) 111- ill- avo ￿ w4¥V **Trust for Sustainable Living (company limited by guarantee)** ## **Balance sheet** ## **For the year ended 30 September 2020** |**Notes**
**Fixed assets**
**Tangible**
**9**
**Intangible**
**10**
**Investments**
**11**
**Current assets**
**Stocks**
**Debtors**
**12**
**Cash at bank and in hand**
**Creditors: amounts falling due**
**within one year**
**13**
**Net current (liabilities)/assets**
**Total assets less current liabilities**
**Creditors: amounts falling due**
**after more than one year**
**14**
**Funds**
**Restricted funds**
**22**
**Unrestricted funds**
**21**
**Non- charitable trading funds**|**Group**
**2020**
**458,031**
**13,714**
**11,880**
**41,931**
**29,538**
**83,349**
**(117,954)**
**(34,605)**
**437,140**
**(143,588)**
**293,552**
**3,887**
**426,863**
**(137,198)**
**293,552**
**2019**
**£**
**518,717**
**15,450**
**16,240**
**54,434**
**40,128**
**110,802**
**(140,326)**
**(29,524)**
**504,643**
**(107,359)**
**397,284**
**182,332**
**282,356**
**(67,404)**
**397,284**|**Charity**
**2020**
**2019**
**£**
**£**
**439,856**
**496,990**
**12,519**
**14,099**
**100**
**100**
**130,893**
**95,984**
**14,161**
**33,605**
**145,054**
**129,589**
**(69,858)**
**(68,630)**
**75,196**
**60,959**
**527,671**
**572,148**
**(96,921)**
**(107,359)**
**430,750**
**464,789**
**3,887**
**182,431**
**426,863**
**282,357**
**430,750**
**464,789**| |---|---|---| **These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.** **Approved by the Board of Directors on 17/6/21** ········································· **Barry Murrer Director** **The notes on pages 15 to 31 form part of these financial statements.** **Company Registration No. 04020388** **Page 13** Trust for Sustslnable Lhrfn8 Iwnpany lknlted by 8wantee) ststen*nt of cash Ilow For the year ended 30 S•ptember 2020 2020 2019 Net &•sh prtydldqd by (usqd In) •rtl¥lll•s (24,9471 42,426 Cash flaws from In¥esiln8 •¢tl¥lths: Purchase of property. plant and equipmerrt and Intanalble assets 114.811) 19.827) N•tc•sh provlded by (used In) IDveslln8 *clMtles 114.811) 19,827} C•sh flow froffl fin￿¢1￿ •rtl¥ttles: New borrowlngs Repayment ol borrowln8 5Q,(XO 110,434) 111,962) Net ￿$h by lused In) fin1nd￿ •¢tl 39,566 IIL9621 Chanp In emh Ind cath •9￿￿1*Thts In th• r•prtln8 p•rlod Cash and cash equlrfalents at the beglnnlni of the reportlng perlod 11921 21527 20,637 890 C•sh •nd ￿$h equfv•lents •t end ofthe reth perlod 2L335 21.527 Recondll•tlon of net Inuynellexpnthtwe) to Thel ¢•sh from ¢per•tlry •ctlbltles 2019 Net I￿￿ne/{exP•ndItUr• th• r•pwtlry perlod){•s per the ststement of fln•ndal •ctMtlttl 1103.7321 {19,424) Adjwtrnents f¢r: Depreclatlonlamort15atlon charges Lo55llprofitl on Sale of fixed assets Ilncreaselldecrease In stocks Ilncreaselldecrease In debtors Inuea5ellde4yeasel In creditors 71,725 5.505 4.3fJO 12.503 115.3081 69,925 11,3061 15.6111 11,1581 Net cash provlded by (used In) owatlThi •dI￿leS 124.9471 42,426 14 Tn￿t forsuslalnable U¥lnG (compny Ilmlted ty 8iwkn¢) Statement of cash flow (conilnued) Forthe year ended 30 September 2020 An•lysls of ush •nd c•sh *qu￿lents 2020 2019 Adlu5bn•nts for: Cash In hand Overdrnft faclllty repayable on demand 29.538 40.128 Net cash pro¥ld¢d by (used Inl •ctMlles 21335 2L527 The notes on pa8es 16 to 32 fomi part ofthese flnanual statements. Trust ft)r Sustslnable Llvlr¥ (•ny limlted by SU￿￿￿8) Notes to the fln•ndal M•twn•nts For the year ended 30 September 2020 eounllnl PO￿leS CtyTrp•ry Inforrnatlon Trust for Sustalnable LMn8 is a prplate charilable company limited guarantee Incorporated In England and Wales. The regtstered office Is Hampstead Norreys. Thatcham. Newbury. Berkshlre, RG18 OTN. The cornpany re8i5tration number ts 04020388 and the charlty re8Lstrntlon number15 1085057. Ac¢¢untlni conwntlon These financiol statements have been prepafeil in •¢¢ord•nce wlth Accountlr48 and Rewlrtlng trrf Charltles: Statement of Recommended Practke appllcable to charltle5 preparlng their accounts In accordance wfth Sectlon LA of Financial Reportln8 Stsndard applicable In the UK and Republlc of Ireland IFRS 1021 leffectfve l January 20191- Icharltles SORP IFRS 102)). the Flnancial Reportln8 Stsnd4rd appllcable In the UK and RepuNbt of Ireland and the Companles Art 2C*)6. Trust for Susl¥ln8ble Lmng meets the definltion of a publlc benefft entlty under FRS 102. Assets •nd Ilabllltles are Inltlalty reco8nlsed at hbtorkal cost or transactlon value unless other4vlse stated In the relevant accountlng pollty note. The financial statements are prepared In rterfl￿ whlch Is ihefun¢tlonal currenry of the compary. MonelJry •mourts In these financlal statements •re rounded to the nearest £. There are no mateil•l un¢ertslntles re8ardlng the Chath￿$ abllltyto eothtlnue as a 8oln8 concern. Reference to the 'tharW In these flnandal statements means the 'charItab￿ comwn¢ •nd relerence to the Trustees. Me¥r￿ the'dlrertors,. These flnanclal statements consolldate the results of the charlty •nd Its wholty-owned subsldlary The LNin8 Rainforest Llmlted on a line ￿ line basls. A separate Stalernent of Flnanclal Actlvltles. ol Income and expendllure account, forthe charlty Itself is not presented because the charlty hJs t•ken a(fvanta8e of the exernptk>ns Jflorded by sectlon 408 ofthe Compjnles Act 2m6 and SORP. GOI￿ concern These fln•ncial statements •re prepared on the 8olnB concern bjsb. As a Tesuft of on-goln8 restrictlons In response io the global outbreak of Covld-19, The Llvln8 Ralnfore5t was closed from S November to 2 December 2020 and from 19 December 2020 to 16 May 21. Income durlng ihe perk)d of cknsure was reduced sl8n1fKant￿. resultin8 In the bu51ne55 utlllsln8 some of Its cash reser¥e& Sl8nfflcant COSt s•viw were consequenttry made thanks to the UX Government Job Retentlon 5cherne. a Zoo Anlmal Grant from Defra. and addltlonal Covld SUPPDrt vla West Berkshlre Coundl. The Dlre¢tots are confldent that the company wlll contlnue lfi operat*)nal exlstence for the foreseeable future and In any for more than 12 months. The cash flow15 based on the current Covld sltuatlon and remalns poslthe forthe next 12 month5 due to: DEFRA Zoo Anlmal Fund grant awarded In December 2020for£235,IOLwlth addlllonal fundlng awafds of £78,810 in May 2021 and £9.175 in June 2021 Pap 16 Trust for $￿trInable U¥lw (conwny Ilml*d tyguxanteel Notes to the fiMnci41 statements Fw the year ended 30 September 2020 Goln8 COn￿rn l¢tyrtlrn*l) A Covid buslness Interniptknn in5UT•nce clalm for£250,LXKI, rec•rtd In AprS12021 An •ddltlonal revenue streaffl bs expected wlth the planned launch of a Uving Ralnfore5t onllne shop In Juty 2021 1115 the DlrectOfS' assessmeni ihat the use of the 8oln8 concern basls In preparing these flnancl•l ststements is •ppropr&ts. InvJm• 1.4.1 Ch•rttable tradlw aLlivllles Income from admlsslon fees Is Included In I￿oMe In the perlod to wttlch It relate5. Income from annual membershlps ts Induded In the Income ¥then recefved. 1.4.2 Commerclal tradln8 artlvllles Income from commerdal artlvitle51s Included In the perkxl Inwhkh thè8roup Is entltled to recelpL 1.4.3 Donat10￿ •nd 8rants Income frorn donatlons and grants, Indudlng capltal8rnnts. b Included In Inc£tmln8 resource5when the Charlty has entltlement to the Income, li ts probable that the Income wlll be recelved. and the amount of Income rec￿able tan be measured rellabty. except when donots Impose condltlons whlch h¥ve to be fumiied before the Charlty becomes entliw to use such Income, the Income 1$ deferred and rK>t Included unlll the pre-condttlons for have been met. 1.4.4 Interest re￿1¥able Interest Is Included when receivable by the (￿rIty. 1.5 Exp•ndlture Expenditure Is Induded In the Staternent of Fln•rtdal Admtles on an 4c¢ruals basls. InclUs￿e of any VAT whkh cannot be recovered. Once there b a le8al or cOnstruct￿e obl*atlon to make payment lo a thlrd party. h Is wobable that settlemenl wlll be regulred ind the amount of the obllgation can be measured reliably. 1.5.1 Support Costs Support costs ha¥e been alhxated between the charf¢•ble ¥ttr¥It￿S on the basls of an estlmate of the proportlon of tlme spent by stsff on those xtfvltles, or on a dlrect basls dependlr8 OD ihe nature of the expense. See nole 5 for more detallk P4e 17 Tn￿ lor Sustslnable Uvlby Icompany lknlted ￿lu￿antee) Plotes to the finandal thtements {¢onlIn￿dI Attountln8 polkles (￿tInUed} Operntln8 leases Rentals payable under operating kases are char8ed io the Ststement of Flnanclal Acthttles as Fncurred on a strai8ht Ilne basls over the term of the tease. P•nslon costs The Charbty operate5 a deflned contr11￿tIon penslDn scheme. ContrliwtK)ns are ch8r8ed to the Income and expenditure account as thry fall due. and are alk)caled a8alnst the restrlcted and unrestrlcted fvnds on a dlrert basls. Employee beneffts The costs of short4erni empltyffe beneffts are recc*ntsed as a I1•￿Ilty and •n expense, unless th05e costs are requlred tt> be reco8nise(l a5 part of the cost of stock or fw assets. The cost of any unvsed hdld•y enthlement15 recognLsed In the perlod In whkh the employee'$ servlces Jre recelved. Temilnatlon beneftis are reco8nlsed Immedhtety •$ •n expense when the Charlty Is demonstr•blv commltted to terrnlnate the employment of an empl¢ryee or to provlde tern)Inatlon beneffts. T•n8lbl* flx•d •sM Ton8ible r￿ed Jssets are depreciated on a stra*ht4lne basls over thelr estlmlted useful Ilve5 a5 folhws: Annual rdte Exhlbh$ Plants Plant. equlpment and motorvehkles Offlce equipment Leasehold ImproYemÈnts 5%- 25% on c051 15% on cost 15%-33% on cost 15% on cos1 Str•l8ht Ilne over 20 yea The Charbty operntes a pollcy of only capltalls1￿d Indfvldu•l Items o)51kn8 over £4￿. Items costln8 less than thls are expensed to the Ststemert of Fln•nchl A¢tMtles Immedk?te￿. 1.10 Int•rWblè ffftd *#sets Intan8lble assets acqulred separatety fr(#n a buslness are recosntsed at COSt and are subsequenlty measured at cost less accumulated amortlsatlon and •¢¢umvlated Impaknnent losses. Intan8lble assets acquired on I￿￿1neSS comblnatlons are reco8nlsed seporatety from 800tt4vIII at the acquisition date where rt is probable that the expected future ecorlomlc beneffts that are ttrlbutable to the asset will flow to the entity and the cost or value of the asset can be measured rellably. Amordsatlon Is recognlsed so aslo wrfte off the cost orvaluatlon of less thelr reshjual values over their useful Ir￿$ on the folk)win8 basis: Cateiory Annul rats Website costs 10 yeats on cost P8ee IB Trust forSwt•ln•ble Nmlted by8uw•nt¢el Notes to the flnanclal Statements (contlnuedl For the year ended 30 S•ptemlxr 2020 Accountlry pof*ies l¢ontlnyed) Lll Sto¢k Stock15 In¢lvded at the lowerof cost and net realtsablevalue. Cost is based on the mst of purchase on a fltst in first out basls. L12 n•nclal Inrtruments The Charlty has onlytinandal assets and IbablHtles that would quallfy as baskfinanclal In5¢fuments. Baslc financlal assets. whith Include cash and debiors. are Inltially measured at transactloft prl¢e includlng tran5•¢tlon costs and subsequently carried at amortbed cort using the effectlve Interest method. Flnanci¥l wets classffted ￿ re¢efv•ble wlthln one year are not amortlsed. Baslc flnan¢thl Ibabllltles such •s trade uedltors, loans •nd finance leases are 1n1t1al￿ measured al trnnsactlon prke unless the arran8ement constltutes a flnandn8 trnnsaction, where the debt Instrument Is measured at the preserrt value of thefuture payrnents dlscwnted at the market rate of Interest. Flnanclal Ilabllltles as payable wlthln one year are rlot amortlsed. An equity Instrumeni 6 any contrart that eyldences • resldual Interest In the assets of the Char after deductln8 all of Its Ilabllbtles. Fund acCO￿tIng General fund's represert uDre5trkted funds whkh 4re •vallable for use •t the dlscretlon of the Trustees In fvrtherance of the 8eneral oblectlves of ihe Chartty and whkh have not been deslgn•ted for other purposes. Des*nated fvnds comprfse unrestrkted fvnds that hm been set askle by the Trustees f partlcular purwses. The almond use of des*ted fvnd Is set In the note5 tothefln•nclal 511tements. Restricted funds incorpornte 8rants Jnd donations. whlch, although contrfbutlng towards the Kener•l obleufves of the Charlty. carry speclhc instructknis by the donow as to how the monle5 should be applled. At the balance sheet date, the a¢¢umulated balance represents those sums whlth have yet to be applled In the manner InstnKted. The Trustees are of the oplnSon that there re suffldent Ilquld assets avallable to meet the Charws obll8atlons imposed by the restricted funds, all of which are short term. and that il is noi necessary to approprbate assets Into a Separate fund. Pap 19 P4 Trnst for SuJtslNble Llvk¥ Icompny Ilmlted ty 8u*antee) Notes to the Ilnandal statements ( Forthe year ended ao swember 2 The wholly owned tradin8 suiLsldiary* The Lfvlng Ralnforest Llmlted. whlth prtyhles facHltles •nd operates the 81ft shop and caféi pays any d1stril￿1lb1e proflts tothe charity by8fft ald, The charlty *￿in$ the entire i55ued share capii•l of IIXI ordlnary Sha￿ of £1 each. The company reglrtrntion number of the tradln6 subsldiary 1$ 02578937 and Its re8iStered offke Is The Uvlng Rainforest, Hampstead Norreys. Thatcham. Newbury* Berkshlre, RG18 OTN. A 5urnmary of the tradin8 results 15 sh¢)wn below. 2020 2019 Turnover Cost of sale5 AdmSnlstratfve expenses Other Income Interesl payable I49.(￿7 1212.5061 193,9561 88.756 11.0541 246.685 1209,8671 1152,0261 105.945 12,9211 Net profftlllom) 169,6931 112.1841 The assets and1Sabllllles of ihe subsldlary were: Flxed assets Intirylble assets Current assets Credftors,. amunts fallln8 due wlthln one ye*r cred￿ors, amounts fallin8 due after More than one ye•r 18,175 1,195 28.379 1138.1801 146,6671 21,727 1,351 23,983 1114.4661 1137.0981 167.405) Resef¥es Share capltal Share premlurn account Piofft and loss account IOD 153.548 I2￿.746) i( 153,548 1221,0531 1137,0981 {67,4051 Cort of sale5 2020 2019 Purchases stsff msts 84.656 127.850 125.454 84,413 2123 209,867 Pa•2 21 !Ji- V4 4 mmm to* r4r4 Ill- *rJo Trurt for Suttalnable Uvlns (tompany Ilmlted by 8urdntee) Notes io the financlal ststements Icontlnued) For the yex ended 30 September 2020 Total fur* Total fvnds 2019 Audlt fees Non-audit fee5 12,355 12,150 560 2020 2019 Wages and salafks Social securlty costs Penslon costs 456.275 30,347 6.083 33,571 501,398 492.705 One employee e•rned between £70,(MXI - £80.CKiI per annum. Last year one employee earned between £60.CKKI- £70,(XXI pr anfium {2019: One). The avern8e emthee head count duthg the ye•r was made up Js follows: 2020 2019 Vts6tor altractlon Commerclal tradir 25 15 25 15 40 Exe¢utl¥e personn•l 2020 2019 Total remuner8tlon 120,762 98,685 Net outgoirq resow¢es for th¢ ￿•T 2020 2019 Th1515 Stated after c￿r&I Arnortisatlon Depredatlon Audltorf remuneratlon 1,736 69,989 12.355 1,737 68,187 13,956 Py24 Trust forSu5t¥ln•bl¢ U¥lry Icomp•ry Ilrnrt￿ auvantee) Notes to the flnan¢i•l statements (continu￿) For the year enthd 30 September 2020 T•n8lble thed •ss•ts: Grow¥ Plaftt & •qulwnent Impr￿ments ExhllAts to property Totsl l Ortober 2019 Addftbns 228.IX)I 287,480 6.821 1.201.792 1,722,819 14,811 DIsp05a15 127,7821 {27,782) 30 S•pt•mber 2020 5.546 208.209 294.301 1.201.792 1,709,848 D•prn¢l•￿I l October 2019 Char8e forthe year DlsposaL% 5.546 215,942 3,995 111.589 L8.416 871.025 47.578 1,204,102 69,989 122.2741 122,2741 Swmber 2010 197.663 130,C(15 918.603 I.251￿1? 30 September 2020 10,546 164,296 283.189 458.031 30 September 2019 12.059 175,891 330,767 518,717 T•n8lbl• fflx•d •ss•ts: Ch•rfty Pl•nts •Wpment E¥hllkn to pmp•rty Tot•1 l October 2019 Addltlons 5,546 167376 287,480 6.821 916.027 1,376,429 14.811 Dlsposa 114W61 114,8861 30 S•pt•mbff 2020 5.546 160A80 294.301 916,027 1,376,354 Depredallon l October2019 Char8e for the year Dlsposa 5.546 158.220 2.024 111.588 18,417 879,438 66,502 46.061 {9.442) 19.442} 30 Septsnthr 2020 5,546 IS0￿2 130,IX15 650,145 936.498 book values 30 September 2020 9,678 164.296 265,882 439.856 30 September 2019 9,156 175.892 311,943 496,991 Trust for Suslalnable U¥lw {u)mpany Ilrnlled by8uarnnt•e) Notes to the Ilna7Kla sL*ements {tont For the year ended 30 Sewmber 2020 io. Int¥¥lble fix￿ •5sels' Group Webslte Totsl l October 2019 Add￿lOn$ 17.367 17,367 30 ￿P¢eMb*r ZOZO 17.367 17,367 Depred•tlon i October 2019 Charge forthe year 1,917 1.736 L917 1,736 30 S•pt•rnb•r 2020 3,653 3.653 Net book v•lues 30 September 2020 13.714 13.714 30 September 2019 15,450 15.450 lftt•nslbh •sMts: c￿ty W•bstt• Total l October 2019 Addltlons 15K 15,808 15A08 15,808 Depreclatlon l Ortober 2019 Char8e for the year 1.709 L580 1.709 1,580 30 Septem￿r 2020 3.289 3.289 N•t book values 30 September 2020 12.519 12.519 30 September 2019 14,099 14,099 P•ge26 Tntst fr•r Sustsln•ble Ll¥lw (company lknit•d by8uarantse) For the year ended 30 September 2020 Investment In subsldi•ry io) Net book value at 30 September 2020 and 30 Seoernber 2019 Delails of the Investment are shIY￿ In note 3. 12. Grnup Charlty 2019 2020 20 Trade debtors Prepayments Other debiors Amount due from subskllary 5.620 16,766 19.545 17.663 17.015 19,756 5,620 15,643 19,546 90.084 17.663 15,795 19,756 42,770 4L931 54.434 130,893 95,984 fJedltm: amounts laA1￿ *kn wlthln on• w•r Gro Ch•rlty 2020 2019 2019 Bank loans and o¥erdrnfts Trade Cfedttors Other taxes and s¢dal 5tturbty Other creditors 28.589 35,127 31,139 23.099 35,654 63.071 16A16 25,185 17.053 17.650 21,430 13,725 17,053 24,688 6.050 20,839 117,9Y 140.326 69,858 68,630 The bank loan and fftrdraft Is secured on the assets of TSL PJP 27 Trt￿t for Sustalnabh U¥lw l(ompwry Ilmited ty 8uwantse) Not•$ to thè fin•ncW st•t¢ments Icortlwedl For the year ended 30 September 2010 Credlt¢xs: amounts falllry du• •fter more th•n one year Group Chr 2020 2019 2019 Bank loan 143,588 107,359 96.921 107.359 143.588 107.359 96,921 107,359 A loan for £175,CXXI was taken out In settlement of the EU Ilablllty durlnB March 2014, orl8lnally the loan had been for £I￿,(mKI In March 2012. th1$ 15 secured on the property operated by the Broup and It5 assoclated assets.The ￿PaYMent date of the loan 1$ 11 Aprll 2027. Durlng the year The Llvlr8 Ralnforest recelved a bounce bxk for £ S0.(MX). thls 1$ 16yeor loan. no repayments are due In the flrsl 12 months. Interest wlll be char8ed ￿ a rate of 2.5 15. Op•rntlfi8 le￿ commlim•b At the reportlng end dale the chorty had outstsndlrva itylmltments for future mlnlmum lease payments under f￿1.canCell1b1e operatln8 le15es. •s follows: 2020 2019 Le5$ than I year 1-5years More than 5 years 6,689 25,IXKJ 47.5C#) 9,915 26.044 57,5(X) 79,189 93A59 16. C•plt*l ¢ommltm•n At 30 Seplernber 2020, the charlty was commltted to expendlture of £nll (2019: £nll). No trustees have been paid any rernuneration or recelved any other beneffts from emthment w￿h the Charlty or a related entlty. Durlng the year, two12019: one) trustees reoived expense5 totJlllrva £21112019.. £421 In respect of travel and accommodatlon costs incurred. Trurt lor Sustslnable {ctynpany Ilmltod by8uwantse) Notes ta the financl•l statements (cortlnuedl For the year ended ao September 2020 17. Durlng the year. The LMn8 RoSnforest Llmited. a owned subsKliary retharged general overhead of £49,79912019: £105.9451. relat1¢¥ to the tharws base Of operatbns at Hampstead Norreys. In add￿lOn, £ 22,697 net {2019: £19,759 net) In resixrt of the allocatlon olwas recharged from the Charlty empltrrfment seNlces. At the year end The Ralnforest Umlted owed The Tru￿ for Sustslnable Llvlwd £90,084 12019: £42,770). DurlnB the yearTrust for Sustalnable Lrrfing reco8nlsed costs tolallln8 £ 75012019.. £6251 from Eco AttrKtlons Group Llrn5ted, a amnpany K Hansen 15 a director of. No amounts were outstandin8 at the year end. Durfng the year Trust for &tstslnable Lfvlng recogntsed costs tolalllng £72012019: £5.187) frorn Gardner Leader LLP, a Ilmlted Ilablllty partnershlp C Fe￿on Is a Partner of. At the ye•r end there was a balance held on b•halfof the Ch•rtty by Gardner Leader LLP iotslllN8 £ 5.380 {2019: £2,3CM)I. Durfn8the yearTrustforSustsln•ble Lmrq reccenlsed costst0tall1￿ £44012019:£ 1,0161 Involced from Carol Hansen. the wlfe of Karl Hansen for e$51y readin8 sepites. At the year end there w•$ £nll due from Carol Hansen12019: Énlll. Also £80 l£nll . 2019) was Involced from James Close and £20 l£nll,.20191 to Jonathon Poole who •re both trustees fof e55ay reading serilces. At the year end there was £ nll12019: £nll) due frrKn these two trustees. i& As noted In the accountln8 pollcles, Trust for Suslalnable Lk¥lng (TSLI has taken athiantage of Sectlon 408 of the Cornpanles Act from the requlrement to present a company Income and expendlture account. The net out8oln8 re5(wrces forTSLforthe ye¥rwèr• £ 34.03912019: £7,237 outyoln81. Contral The cornpjny Is controlled by the boafd of trustees. AN1￿9 of n•t •M•ts lJetw•en funds Tot41 Funds Fund5 Funds Tanglble and Intawble flxed assets Current assets 47L745 79.462 1261.5421 471,745 83,349 1261,542} 3.887 At 30 September 2020 3.887 289,665 293,552 Pap 29 Trwl for S￿¢41￿able Uvlry l¢omp•ny Ilmlted tysuar•ntee) Notes to the fina￿1¥1 st•temerts Iconllnue For the year ended 30 September 2020 21. Group net funds m0￿ment Ammary Total Fynds F￿dI As at l Ortober 2019 Incorne Expendfture Tr?￿fer between funds 182331 28 (s7￿81) 121.091 214,953 863,245 {909.624) 121,091 397,284 863,273 1967.D)51 As at 30 September 2020 3,887 289.665 293,552