**REGISTERED CHARITY NUMBER: 1086612**
## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **FOR**
## **NORTH SOUTHWARK ENVIRONMENT TRUST**
Berringers LLP Chartered Accountants Lygon House 50 London Road Bromley Kent BR1 3RA
**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2022**
|||**Page**||
|---|---|---|---|
|**Reference and administrative details**||1||
|**Report of the trustees**|2|to|3|
|**Independent examiner's report**||4||
|**Statement of financial activities**||5||
|**Statement of financial position**||6||
|**Notes to the financial statements**|7|to|9|
|**Detailed statement of financial activities**||10||
**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 31 March 2022**
**TRUSTEES** W Menteth Ms K Whittam W Jennings Mrs J Eyles **PRINCIPAL ADDRESS** 20 Upper Church Road St Leonards on Sea Kent TN37 7AS
**REGISTERED CHARITY** 1086612 **NUMBER INDEPENDENT EXAMINER** Berringers LLP Chartered Accountants Lygon House 50 London Road Bromley Kent BR1 3RA
Page 1
**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
## **Improvement**
Improvement of the environment for the benefit of the public including the promotion of energy efficiency and efficient methods of disposing of waste;
## **Provision**
Provision of facilities for education, recreation or other leisure time occupation, in the interests of social welfare.
## **Promotion**
Promotion and support of actions by others to create, preserve and improve features and facilities of environmental amenity and for recreation or other leisure time occupation in the interests of social welfare.
NSET seeks to achieve these objects within the area of the London Borough of Southwark being to the north of the road or roads known as Camberwell New Road, Camberwell Church Street, Peckham Road, Peckham High Street and Queens Road.
Applications for financial assistance for projects and activities benefiting or taking place within this area will be considered by the Trustees and every attempt is made to reach a decision within four weeks of an application being received. Applications must be from organisations which are charitable and/or non-profit distributing.
## **Public benefit**
The Trustees consider that the objectives and aims of the charity describe above, enable it to meet its obligations to the Charity Commission to deliver aid and assistance to the people of the London Borough of Southwark being to the north of the road or roads known as Camberwell New Road, Camberwell Church Street, Peckham Road, Peckham High Street and Queens Road.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
There has been no charitable activities in the current year.
## **FINANCIAL REVIEW**
The Charities Incoming Resources amounted to £25,447 (2021 £nil). Outgoing expenditure on charitable activities during the year was nil (2021 £nil).
## **FUTURE PLANS**
The Charity continues to seek additional funding to ensure that we can maintain delivery of high quality support. There will be no grants paid until at least December 2021 while the charities undertakes cyclical building investigations, maintenance and repair operations.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
Trustees are recruited via the Annual General Meeting according to its governing documents. Induction and training of the Trustees takes place during the Trustees meetings.
## **Organisational structure**
The charity is controlled by the Trustees who are independent and receive no remuneration for their involvement. Day-to-day management is delegated to Linda Cordery.
Page 2
**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2022**
Approved by order of the board of trustees on 7 December 2022 and signed on its behalf by:
W Menteth - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH SOUTHWARK ENVIRONMENT TRUST**
## **Independent examiner's report to the trustees of North Southwark Environment Trust**
I report to the charity trustees on my examination of the accounts of North Southwark Environment Trust (the Trust) for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material 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 in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Ricky Hutson BSc ACA FCCA Berringers LLP Chartered Accountants Lygon House 50 London Road Bromley Kent BR1 3RA
7 December 2022
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## **NORTH SOUTHWARK ENVIRONMENT TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022**
|**2022**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**25,447**
**NET INCOME**
**25,447**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**42,351**
**TOTAL FUNDS CARRIED FORWARD**
**67,798**|2021
Total
funds
£
-|
|---|---|
||-
42,351|
||42,351|
The notes form part of these financial statements
Page 5
## **NORTH SOUTHWARK ENVIRONMENT TRUST**
## **STATEMENT OF FINANCIAL POSITION 31 March 2022**
|**2022**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Investments
4
**25**
**CURRENT ASSETS**
Debtors
5
**9,465**
Cash at bank
**58,333**
**67,798**
**CREDITORS**
Amounts falling due within one year
6
**(25)**
**NET CURRENT ASSETS**
**67,773**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**67,798**
**NET ASSETS**
**67,798**
**FUNDS**
7
Unrestricted funds
**67,798**
**TOTAL FUNDS**
**67,798**|2021
Total
funds
£
25
34,018
8,333
42,351
(25)
42,326
42,351
42,351
42,351
42,351|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 7 December 2022 and were signed on its behalf by:
W Menteth - Trustee
W Jennings - Trustee
The notes form part of these financial statements
Page 6
**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**NET INCOME**|-|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|42,351|
|**TOTAL FUNDS CARRIED FORWARD**|42,351|
continued...
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**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022**
## **4. FIXED ASSET INVESTMENTS**
|**4.**|**FIXED ASSET INVESTMENTS**|||||
|---|---|---|---|---|---|
||||||Unlisted|
||||||investments|
||||||£|
||**MARKET VALUE**|||||
||At 1 April 2021 and 31 March 2022||||**25**|
||**NET BOOK VALUE**|||||
||At 31 March 2022||||**25**|
||At 31 March 2021||||25|
||There were no investment assets outside the UK.|||||
|**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||**2022**||2021|
||||**£**||£|
||Amounts due to/from group||**9,465**||34,018|
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||**2022**||2021|
||||**£**||£|
||Other creditors||**25**||25|
|**7.**|**MOVEMENT IN FUNDS**|||||
||||Net|||
||||movement||At|
|||At 1.4.21|in funds||31.3.22|
|||£|£||£|
||**Unrestricted funds**|||||
||General fund|**42,351**|**25,447**||**67,798**|
||**TOTAL FUNDS**|**42,351**|**25,447**||**67,798**|
||Net movement in funds, included in the above are as follows:|||||
|||Incoming|Resources||Movement|
|||resources|expended||in funds|
|||£|£||£|
||**Unrestricted funds**|||||
||General fund|**25,447**||**-**|**25,447**|
||**TOTAL FUNDS**|**25,447**||**-**|**25,447**|
continued...
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**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022**
## **8. RELATED PARTY DISCLOSURES**
At the year end North Southwark Environment Trust was owed £9,465 (2021 - £34,018) by Landlord Limited, a wholly owned subsidiary.
A donation of £25,447 was received from Landlord Limited.
Page 9
**NORTH SOUTHWARK ENVIRONMENT TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022**
|**for the year ended 31**|**March 2022**|||
|---|---|---|---|
||2022|2021||
||£|£||
|**INCOME AND ENDOWMENTS**||||
|**Donations and legacies**||||
|Donations|**25,447**||-|
|**Total incoming resources**|**25,447**||-|
|**EXPENDITURE**||||
|Total resources expended|**-**||-|
|**Net income**|**25,447**||-|
This page does not form part of the statutory financial statements
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