2021-03-31-accounts - Teesside Environmental Trust

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TEESSIDE ENVIRONMENTAL TRUST

ANNUAL REPORT 2020

Purpose of Report

To describe the actions taken by the Trust in 2020 and to identify any relevant lessons for the future.

Teesside Environmental Trust is a company limited by guarantee (company number 3438389) and it is also a registered charity (1093327). It is governed by its Memorandum of Association (dated 8[th] November 2004) and Articles of Association (dated 30[th] May 2002).

Summary of Activity in 2020

2020 was the eleventh year of operation at the Saltholme Reserve. The year was a significantly challenging year for TET and its partner the RSPB, due to the onset of the coronavirus pandemic and the ensuing lockdown which closed RSPB Saltholme for long periods and involved furlough of many of their staff. This meant that many of the joint TET / RSPB aspirations were simply not possible to progress for practical reasons.

Despite this, within the last twelve months some activity was possible. The ‘Saltholme Washlands’ project has ran now for a number of years, with earlier phases refurbishing and constructing new hides. The latest phase, which was completed in 2020 involved relandscaping and creating / enhancing habitat in two areas of the site (Paddy's Pool and the Main Lake). These not only enhance the site, and therefore the Tees estuary for wildlife, but also provide a greater spectacle for visitors, both specialist bird watchers and general visitors alike. TET’s aim over the last few years has been to attract a new, younger, and more diverse audience, and several projects in this respect have also been funded by TET. This includes the creation of a dragonfly safari, where visitors can see up close a greater breadth of the wildlife of the site, in addition to birds. There has also been installation of a range of interactive senses children's games around the main lake, and another game which helps children to understand more about migration. The latter was installed in one of the site hides.

The annual number of visitors to the reserve for the full calendar year January to December 2020 was 20723 (20857 if school visits are included). For the ‘accounting’ year April 2019 – March 2020 the number was 59133 (61500 including school visits).
At the time of compiling this review the UK remains in the midst of the pandemic but with perhaps renewed hope for the remainder of the year that it may be possible to return to elements of life that seem more normal. TET would normally meet physically four times per year, but this has not been possible, so the necessary business of the Trust has been performed electronically during the period. It is hoped that the TET Board will once again be able to meet in person and to progress new projects on the reserve that re-establishes Saltholme as one of the premier visitor attractions in the region when it fully re-opens to the public.
A payment of £311,587 Landfill Tax Credits was received from Augean plc in the period 1[st] January to 31[st] December 2020 through the agreement the Trust has with the company.

£69,883 of the credits (TET’s ‘restricted funds’) were used to support the conservation activities at the Saltholme reserve in the same period.

The Trust considered regular reports from the RSPB during 2020 about the management of Saltholme, which was severely curtailed as a result of the pandemic and at times was limited to essential maintenance and security tasks. Many staff were furloughed for long periods of time.
There was one resignation from the Board of Trustees during the year. This person has not yet been replaced as the Board is considering its options to maintain the balance of professional interests and skills across the Trust.

Main Actions to be Undertaken in 2021

The major emphasis in 2021 will be to:

Support the reserve in re-establishing itself after re-opening following the pandemic.
Support the RSPB in implementing the five-year management plan for the reserve.
Develop a pipeline of projects which will be implemented to both increase the offer to visitors and the value of the site to nature conservation.
Support the efforts to bring in sustainable sources of funding to enable financial security in future activity at RSPB Saltholme.
Monitor the performance of operations at Saltholme and make suggestions to the RSPB for improvements from personal experiences and by the strategic monitoring of key performance indicators.

Finance

Details of the Trust’s income and expenditure in 2020 are contained in the annual accounts. There was a balance in the Trust’s accounts of £262,609 unrestricted funds and £301,368 restricted funds on 31[st] March 2021. The income from the Landfill Communities Fund is shown in the accounts as restricted because it can only be spent on approved projects under the Landfill Tax Regulations 1966. The accounts have also been prepared in accordance with the Charity Commission’s regulations.

The recommended accounting practice for charities includes the requirement for a statement of the charity’s financial reserves. This has been introduced to discourage charities with large financial reserves from raising money faster than they can spend it. Teesside Environmental Trust maintained reserves in 2020 consistent with its responsibilities for management of the charity and to discharge its funding agreement with the RSPB.

Public Benefit

The Charities Act 2006 places a duty on charities to demonstrate a clear public benefit. The two key principles of public benefit are defined as (a) there must be one or more identifiable benefits and (b) these must be provided to the public or a section of the public. The Trust’s two main objects have been to create and maintain a nature reserve of strategic importance at Teesside and to create a visitor centre open to the public.

In conjunction with RSPB, the Trust is achieving its objectives, but it needs to ensure that the initial volume of visitors is sustained and grows. The nature reserve opened to the public on 21[st] January 2009 and formally opened on 6 March 2009. The aim is to encourage as many

members of the public as possible to visit Saltholme to maintain a level of 100,000 visitors per annum. To reach this goal, the Trust and RSPB have designed the nature reserve to be especially family friendly, have prepared a Marketing Action Plan and will be working with a wide range of other interest groups and local communities to encourage their involvement in the nature reserve.

Charity Status: Risk Management

There is a requirement on charities that “the major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks.” Trustees have a responsibility to keep these risks under review.

Risk	Commentary	Significance	Action
Loss of income Site problems Fraud or error Health and Safety	Income from Landfill tax credits has been pledged to support the nature reserve and income has also been derived from land sales. There are numerous practical problems that can hinder the development of the reserve. Could have a major impact on the Trust, but a small number of transactions during the year and the financial management arrangements limit the risk. The RSPB, as the lessee, has the primary responsibility for the site and has health & safety arrangements consistent with its duties as an employer, client and for the protection of visitors to the site. Most work on site is carried out by professional engineers and contractors in accordance with agreed	High Medium Medium Medium	The agreement from the landfill operator is due to last for several years. If it must be terminated for business reasons, then the Trust will need to find an alternative source of income. These are being constantly tackled by the RSPB and the Trust. The employment of site staff by the RSPB ensures a prompt response to any problems. Financial reports are submitted to every Board meeting. Cheques over £250 value require two signatures. Banking arrangements were reviewed in 2015. An independent annual audit is carried out and professional advice sought on a regular basis. Ensure the health and safety arrangements of our tenants on the reserve are adequate. The RSPB Site Manager will review health and safety on a regular basis. The Trust will continue to insure against its risks.

Risk	Commentary	Significance	Action
Taxation – VAT Loss of key staff, employment issues Loss of service due to major national emergency, e.g., pandemic Sustainability of the project	health & safety procedures. Other works will take place through agencies also with health and safety arrangements. The Trust has an agreement with Customs and Excise to reclaim VAT and has its approval for the partnership with the RSPB. No staff are directly employed by the Trust. The part time Trust Administrator is provided through one of the partner organisations. The first appointee retired in 2009 and his successor retired in 2015. Both are appointed as trustees to maintain their valuable contribution. Causing general and major disruption to normal activity. The nature reserve will need to attract enough visitors to help meet its operating costs.	Medium Low Medium High	Maintain the appropriate arrangements for the completion of VAT returns. Knowledge of the current position is shared between the key players, so momentum can be maintained. There are also a number of other RSPB employees contributing specialist skills to the project. Day to day TET service provision is achieved by remote access to emails and documents on server. Telephone access is by mobile phone. This enables the organisation to function during periods of home isolation because of Government guidance. The level of service is, however, not as efficient as normal operation but gives a good level of business continuity for TET. Much use has already been made of research studies and the RSPB’s considerable experience to plan future revenue budgets. Additional marketing and development strategies are also being developed, supported by a

Risk	Commentary	Significance	Action
			trustee who has marketing experience.

ROBERT WOODS Trust Administrator

28 June 2021 TET BRD

COMPANY REGisfRAIION NUPIIBER: 3438389 CHARrri REGi>fRATION NUMBER: 1093327 Teesside Environmental Trust Company Limlted by Guarantee Unaudited Financial Statements 31 March 2021 Chartered Accountants 384 Linthotpe Road Middlesbrough TS5 6HA

Teesside Environmental Trust Company Llmlted by Guarantee Financlal Statements Year ended 31 March 2021 Page Trustees, annual report (Incorporating the directorfs report) Independent examinerfs report to the trustees Stalement of financial actiirities (including income and expenditure account) Stalement of fInarla1 position Notes to the financial statements

Teesside Environmental Trust Company Limlted by Guarantee Trusiees. Annual Report (Incorpoming the Directrfs Report) Year ended 31 March 2021 The trusteas, who are also the 1crS lor the fvmffposes of cory)ary law, present thelr report and the unaudw financi slalements ol the charity lorihe year end1 31 March 2021. Reference ond admlnlstrnllve delalls Reglslered Chwlty nomo Te$Je Er)vironmental Tn*t Charfty reglstratlon numbgr 1093327 Conwny rpglstrallon nwnbBi 2438389 Prfncwal olll The Innovation Centre Klrkleaiham Buslnes$ Park Redcar Reg18181od oin¢o 19 Yarm Road Slocklon on Tee8 TS183NJ The Iru8tee8 D lfjtchen K Hissitt P L Comes C Shèphèrd R Drinkwater J Mann K Tweman S Moody DJ Morrfs T Blanchwd IR8sign8d 13 Octobgr 20201 Company secretary R Woods dependenl exomlner Graèm8 Boagèy 384 Linlhorpe Road IddleSOugh TS5 6HA

Teesside Environmental Trust Company Umited by Guaranlee Trustees. Annual Report (Incorporating ihe Director's Report) {conllftuedJ Year ended 31 March 2021 Stw¢turo, governance and management Organisalional structure The charity Is consliluted as a limited by guaranlee compary. without a share cap51al and Is govemed by ts Memorandum and Artides ol Assoaauon. Managemanl Thg charity is managed on a day-lo-day basis Tfust knnstrator, The Trnst Board is responsible for the overdl dlrecJon and operalion ol the charity. It meBts four tirnes a ygar lo make . important deG15i0ns alleclinq the charity. Govemance and intemal control The Trusl Board has reviewed iho m*r risk5 to whh the chRTity is exposed aTrJ acllons have b88n lakgn to mliigate ihos8 risks. Conlaminaled land Insurance logelher with oeneral insurances. havg been taken out. In view of changes lo the pravlous Landfill Tax Credits Scheme. the charity has a150 secured fundwwJ from olhor sources 10 SUPPOrt thè projèct. Oble¢U¥es and aetlvlti Charitable ¢blects The prIncIp acllvity ol the chaiity Is the development of the nature re59ryD at a slte north of the ClarenGes, SiacktonvoTrTees. Th8 charity also protecls and promotes the natural erwironment through the prowsion ol naiure reseryes. the management ol habilals. th8 con8ervallon of hthlals and specles, Ihe Conservab'on ol the hL8tork envIronmN and the proNtslon ol educailon on lh8 naiural envlronmenl. p)11C benellt oblècllv89 In Order lo meet hs objethlves, thè ¢hw5ty has Ineurred a largè amount of expendilure on developlng the sil8 In order to protect the enrOnment. Thls has enabled a slale ot Ihe art ld111e reserve and discovery path lo be bulll whlch has boon made 8Vatlabl8 lo the gèneral public. The Iruslees Lxjnltrm that they have relerred lo Ihe guldance ntaIned In tho Charlty Commls8lcffi'8 general guidance on publie benefit when revlewing the Charitys aims and objecllve5 and In plannlng lulure conservat1 projgcls.

Teesside Environmental Trust Company Llmlted by Guaranlee TrUees. Annual Report (Incorporating the Dlreclor's Report) (eonllnuÈdJ Year ended 31 March 2021 Achlevements and perfomiance Review of aciNitses and ackiovements 2020 was a slgnrficanuy challenging year for TET and tls partner th8 RSPB, due lo the onset ol Ihe coronavirus pandemic and the ensuing lockdown whrh d05ed RSPB SalttKlmg for long periods and Involved lurfough of many of thr staff. This meanl thal many of the joint TET I RSPB aspirations wÈre simply not rth8ll)le to progress for wa¢1 reasons. Despile this, wthln the last twelve monlhs some acbvity was possible. The 'Saltholme Washlands, projeGt has wn now for a wmber of years, ¥th earlier phases being lUth5hed and constructing new hKles. The latest phase. whlch was ctimpleted in 2020 rwolved re4andscaping and Creating I enhancing habilal in tro areas of the sile (Paddls Pool and the Man Lakel- These onty enhanGe the site. and therefore the Tees esluary lor Mrildlrfe. bth aL80 PrOde a greater spectacle for visitors. both specialist bird watther¥ and gengral sItOrS alike. TET5 awn over the la51 few years has been to attract a new, younger, and more diverse audIer. and several projects wi Ihls respeet have also been funded by TET. Th15 includes the crealion of a dragontly safari, where sitOrS can see up clos& a greer breadlh ol the wildlife ol the site. in addrfion to birds. There has afso been InstlatIOn of a range ol intera¢tive sensory children's games around the matn lake. aTrY another game which helps children lo understand more about migrdtEorL The latter was Inslalled in one ol tho sile rides. Ultimately, vith sh a large and Importanl resep•4 il Is necessary to fund staff time on project work. Such was Used lo fund irwolvement In project work of the Senior Site Manager. Site Warden, and tsyo Assisianl Wardens over the period. Buildlng m&ntenance, equipment malntanance and slle security rnaintsnance costs were also funded during the period. This helps lo mairtln the reseryp in the excellenl state that It i%. ensuring that it contuiues lo be th& haven that it is for wildlbfe and also that it is safe, inleresting. and attractive lo viqitor5. At the time of comrIng ttis lov tho UK rernain5 in ts midst of the pandemic but with perhaps renewed hope lor the remainder ol the year that it may be possible to rebjm lo elemenls ot Ilfe that seem more normal. To this end it is hoped Ihat Ihe TET Board YAII once agn be able lo meet in P8rson and to progress new projects on the reserve that re.establishes Satholrne as on8 01 th& premiervisbtor attractions in the regn blhen it is able to fijlly r&open to the pu1 Flnanclal revlew FlTrandal PDsftion The accumulated funds al 31 Idarch 2021 £563.977 12020: £278.895) aTrJ thg charity has adeqle resources lo meet expenditure as it fals due in the yw commenciyj 1 2021. Reserve5 The charity receives tax Credit incomg from a Landlll OP8Tator on an annual bagls under legal agreements Sign with the operator. This agreement k set to last lor several years. The scale of WQts to be carried out aT¥J associated sUPPOrt costs are m*(th8d io ih8 Landl1 Cornmunities Fund resources received In the previous year.

Teesside Environmental Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating Ihe Director's Report) (¢onllnued) Year Ènded 31 March 2021 Small cornpany provlslons Tfrlls report has been pPared in Kcordanc8 With the provisi appCable to Compan entthd 10 the smdl compan$ exempiio The tnJslees' annual rep)rt was approved on 7 Seplemb8T 2021 and slgned on behalf of thE board of tru5tegs ty. R Woods Secrekry

Teesside Environmental Trust Company Llmlted by Guarantee Independent Examlnerfs Report to ihe Trustees of Teesslde Envlronmental Trust Year ended 31 March 2021 I report to the Iruslees on my examlnation of the financi81 slatements ol Teesskle EnvIrOnment Trust (Ihe charity) for the year 8nded 31 March 2021. Aesponslbllltle8 And bas18 of report As the trustees of thè company land also its threctofs for the purposes ol company lawl you are responsle for the Preparation of the linandd slalements In aturdanc8 ¥tti the requlrements ol the Companles Act 2006 Ilhe 2006 Actl. Havlng salistled mysell that the accolts of tho MponY aro not ffjquked to b¢ audlted undor Part 16 ol the 2006 A and are eligiblo tor independenl examlnallon, I report in respect ol my examinallon of the charllls accounts as carried oul under section 145 01 the Charities Act 2011 {Ihe 2011 Acri. In Carn9 out my examination I have Idlowed the Dlrectlorts glven by th& Charity Commisslon under section 145(5)(bl ol the 2011 Act. Independent examlnefa 8talement Slnce the chariV8 gross lrtcome 8x¢¢eded £250,000 your examlner musi b& a m8mb&r ol a body Ilsted in settlon 145 of Ihe 2011 Act. I Confi that l am qudifled lo undertake Ihe examlnalion tecause l am a membar of the Inslllule of Chartwed A¢¢ounl8nls in England and Wal85 (ICAEWI, whlch Is one ol Ihe listed bodies. I have compleled my examinatlon. l ¢onllmi that rn matt8rs have come lo my atlenllon In connection whh the examinalion giving me cause to believe: oco)unling re¢Kird8 nol kepl In re6wa of tho ¢hty a8 requlred by secllon 386 01 the 2006 Acl. or 2. the fln&Klal staiemonts do not a¢(£d wrlh those rKords; or the flnanaal Statem do nol cOmY vAih tho aLounUng requlrements of SeIDn 396 01 IhB 2006 Act other than any requirement Ihal th& aecounts give a Irua and latrf view whlch18 not a matter ¢onsldered as part of an Indepgndenl examination: or the financial stalernenl¥ have nol been prepared in accordanre with th? mgihDd$ and prln¢lples of Ihe Slalement of Recommended Practice lor accounting and reportlng by chariile5 appllcablg lo chartlles preparing their Count$ In acranCe wilh ihe Flnanclal Reporllng Slandard in UK and Rwublt ol Iroland IFRS 102).

Teesslde Environmental Trust Company Llmiied by Guarantse Independent Examlnerfs Report to Ihe Trustees of Teesside Envlronmental Trust fconllnuedj Year ended 31 March 2021 I have no concems and have come across no other matters in connectlon wlth thè èxamlnation lo whlch attention should be drawn In thls report In order to enaL4e a proper underslandlng of the accounts I be reached. GTaerne Boaggy Ir¥Jependent EKamlner 384 L1rrtho8 Road Mlddlesbrough TS5 6HA 7 Seplomber 2021

Teesside Environrnental Trust Company Llmlted by Guarantee statement of Flnanclal Activlties (Includlng Income and expendlture account) Year ended 31 March 2021 2021 2020 lunds funds Total lund8 iunds Income ond endowrnents Voluntary Incomo Inveslmenl income Other incombng resouices To181 Ineom• 311,621 122 311,621 5.144 179.848 496.613 227,557 5,715 92,469 325.741 5,022 179,848 184,870 311.743 Expèndlture Expenditure on charftable aclvltles Tot81 èxpend110 (50,378) 1161.153) (211.531) {285,7441 (78) (161,153) {211,5311 {285,744) N•t In¢om• n•1 M0meTht kn fvnd8 134,492 150,5WJ 285,082 39,997 Aeconclllatlon of lunds Total lunds brought forward Total lund6 carrled lorward 128.117 262.609 150.778 301.388 238,898 278,895 563.977 The slalefflgnt of financial acilwtles Indud85 all gths and lo9$ recoSed In the yew. l income and eXperlIre derlve Irom eonilnulng aclivitles. Thè notes OTr pages 9 to 15 loffli part of Ihg90 IlnoTrclal stotemgnl9.

Teesside Environmental Trust Company Umlted by Guarantee Statement of Flnancial PosStlon 31 March 2021 2021 2020 Current a$8ets Deblors CASTh al bank and In har# 17 11,480 568,961 580,441 1,574 280.158 281.732 Credltor5: amounts lalllng dug wllhln one year Nel currenl assels 18 116.4641 563,977 563.977 563,977 12,8371 278.895 278.895 278,895 Total assets less current liabllltlès Net assets Funds ol ihe charlty ReslTicled funds Unrestricted funds 301,368 262,609 563.977 150.778 128.117 278,895 Total charfty lundg 19 For ihe yeaT endlng 31 March 2021 Ihe charity was emiiled to exemplton Irom audl under secilon 477 ol tho Companlos Aci 2006 relailng to small ¢ompanles. Dlredor8' responsibilities: The Momr$ have requlred tho compary10 obtakn an audil of It8 flnanclal 81alements for Ihe year In wesilon In accordance wilh sectlon 476; The dreclors acknovAedge thek reswnsbllllles for cOmplng wlth th8 requlrements ot tha Acl wilh respect lo accounting reco$ and the weparallon ol finandal stsiemonts. These financial slatemenl$ have been prepare(I In xo)rdarrL *Alh the provislons appllcablo lo companles subie¢t lo the Small ¢ompani8s' regmne. Thèse Ilnanclal slalemenls were approved by thè board of irustees arnl authorfsed for Sssue on 7 Seplemb9r 2021. and arg slgned on behail of ihg board by: Ilchpn Trustee The notes on page$ 9 to 15 form part of these flnanclal stslements.

Teesside Environmenlal Trust Company Llmlted by Guarantee Notes to the Financial Statements Year ended 31 March 2021 General Infomiallon The charity is a ple benefjt entity and a private c(ryany lintted by guarartee. gIstered in England and Wales and a registered charity in England and Wales. The address of tho registered Offi is 19 Yami Road. Stockton on Tees. TS18 3NJ. stst8mont ot compllpn¢fr These linancial slatements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicablo in Ihe UK arKi Ihe Republ of Ireland. the Slatemenl ol Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard app1itrAb in ihe UK and RepULl of Ireland (FFIS 102) (Charitses SORP IFRS 1021) and the Companies Act 2006. Accountlng pollctes Basls 01 preparauon The ffinancid statements have been prepared on the historieaf cost basis. as mOdled by the reVuatiOn ol certn final181 assets and liabiifoes inveslment prop8rti8s measured al fwr vdue through incorne or exFwKliture. The fInana stalements are wepared #i slerflNJ. whth Is Ihe fyncti currency of the entty. Golng concem Thera are no maknl uncertanties &Jout ihe chartvs abiltyto continue. Dlsclosuro exemptlons Advantage has been laken ol the folknwing thsclosure exenFtW5 availabY8: No Cash flow stalemerrt ha5 been wesented lor the cany. Judgements and key sowces of esllmatlon uncertalnty The preparation of the financra statements re(pires management to make judgemenls. estlrnates and assumptlons that affect the amounts pOrted. The58 estimates and judgements are ContinulY Teviewed ar are based on experience and other factors, including expeclalions of future events IIW are believed to be reason8bte LWKler Ihe orcumstances. Fund accountlng Unrestricted funds are av4labk for use at rfEGr¢tion of thg truslees to further any of the chartys purposes. Designated funds 8re Lnrestricted lunds earn7arked by twskes for partirxAar future prolecl or commitmenL Restricted funds are subjected to reslrictions on Ihelr expentfrture dedared by the donor or through the terms of an appeal, and I1 into one ol sub-dasses: reslrieled income funds or endoYKnent funds.

Teesside Environmenlal Trust Company Llmitsd by Guarantee Notes to the Flnanclal Statements {conlllluedJ Year ended 31 March 2021 Accountlng poucles (¢onttthNéJ Incomlng resourcos All inming re%)urces are irtluded in the sLment d finandat actNities when enlidemenl has passed to the charilr. r( is probable that th8 economic benefrts associated with the transaction will Iltsw to the charity and the amount can be relkibly measured. The loHowing sperifiG policies are applied to particular calegories ol ITorne. inGome frcxn donations or grants is recognised when there is evidence of entbtiement to the gfft. receipt is probatrAe and ils amount can be rneagjred reliably. legacy Income is rewnised vknen re¢t is proL¥ble aThJ entitlemenl is established. incomè from donated goods i8 M&Uled al fair value of the goods unless Ihls 15 IMpralC io measure reliably, li which case the value is derived from Ihe cost lo the donDr or the estimated resale value. Donated faciloies arvj sewes are recognised in the accounts when receNed If the value can be reliably measured. No amounts are induded for th8 conlribulion ol general VOreers Income from o)ntracts lor the suppty of service5 is recogri5e(I wlth the delfvery of the contracted seNtee. This is d8ssffd as unrestricted funds unless the is a contradu requirement tor it lo 5penl on a parllcular wrpose and relumed rf unspent. in Ythich case may b8 regard8d as reslricte Resources oxpended Exlture 1$ rec(¥Jnlsed an accru* basis as a liability irtcurred. Experlure kxludes any VAT whh carbnot be fully reccwer¢d and is cwied under headirrfJs ot the slalemerbt ot financial actltieS lo which it relates: expendilure on raislng lunLls Indudes the costs of all fiJn(iraislng activities, events, non- charitable Irading aclivilies. and ihe Sale ol donated good& expenditure on charbtable aclivitss incknjes all costs irKurred ty a tharity in undertaklng activilies that further charitable dms lor the benefit of its beneficiaries, including those supwrt costs and costs relatirvJ to the governance of Ihe charity apwrtioned lo charitsble activities. othèr expenditur2 IrdeS all eynthiwe Ihat is rrither related lo raising funds for Ihg charity rvJr part of its expendlwe on charitable &l1vit. I cosls aro alloGated lo expen(knire categories refflecting the use of the resource. Drect costs attributablè to a slngle aelivity are located dIrelY lo that activity. Shared costs are apportioned beeen the acbwbes they ¢oniribute to on a reasonable, lusbfiable and consistent basis. 1Q

Teesside Envlronmental Trust Company Llmlted by Guarantee Notes to the Flnanclal siatements (wittnu6dJ Year ended 31 March 2021 & A¢¢ounllng pollcles (conllnu8dJ Flnanclal Instruments A financlal asset or a flnandal Ilabllllyls recognised only when thè entlty becomes a party to the contractual provisions of the instrument, Baslc fInancI instrumenls are initially recognssed at the amount recetvable or payable Includlng any related transaction Costs. unless the arrangement ¢onslitute5 a financing transaction, wherg it is recognised al the present value of the future payments discounted al a market rale ol interest for a slmllar debt In5trumenL Current assets and current liabilities are subsequently measured * the cash or other consideration expecied to be pald or received and not discounted. Research and development Research expertditu 1$ written off to the profft and kjss account in th8 period in whlch It Is incurred. Llrnlted by guamntee Teesside Environment Trust is limited by guarantee and accordingly does not have share capital. Every rnembgr of the company undertakes to conlribule such amount as may be iequired not exceedlng £1 to assets ol the charitable compary In the event of its belng wound up whil6 he or she is a member. or within ong year after he or she ceases lo be a member. Voluntary Income Restricted Total Funds FLEnd8 2021 Restricted Total Funds Funds 2020 Donatlons Landfill tax Cred income- Augean 311,621 311,621 227,557 227.557 Inveslmenl Income Unrestricted Funds Rostricted Tolal Funds Funds Incomg fram UK inv85tm8nl proporlies Bank irrter6sI receivable 4.909 113 4.909 235 122 5,022 122 5,144 11

Teesside Environmental Trust Company Llmlled by Guarantee Notes to the Financial Statements {¢tlIn¥#d) Year ended 31 March 2021 Investment Ineome (eonllnued) Unrestricted Funds Rèstricted Total Funds Funds 2020 Income from UK investment properties Bank interest receivable 4,913 286 4,913 802 516 5,199 516 5.715 Other Incomlng resouices Unrestrioled Tctal Funds Unrestricted Total Funds Funds Funds 2020 Other income Administration income 169,096 10,752 179,848 169,096 10.752 179,848 78,477 13,992 92,469 78,477 13,992 92.469 Expendllure on eharllable aetlvltles by fund type Unrestricted Funds Roslricted Tolal Funds Funds 2021 Charitable aclivilles Support costs 46,194 4,184 50,378 150,401 10,752 161,153 1g6,595 14,926 211,531 Unrestricted Restricted Total Funds Funds Funds 2020 Charitable aclivilies Support cosls 50,101 4,253 54,354 217,398 13,992 231,390 267.499 18,245 285,744 Expendlture on charllable actlvnles by actlvlty type Activities undertaken direGily Support Costs Total funds 2021 Total fund 2020 Charitable aclivilie5 Govemance costs 196,595 196,595 14,936 267,499 18,245 285,744 14,936 196,595 14,936 211,531 12

Teesside Environmental Trust Company Limlted by Guarantee Notss lo the Financlal Statements (¢oniiKdJ Year ended 31 March 2021 10. Analysls ol support ¢osts 01 swport costs ath¥ity 1 Totsl 2021 Total 2020 14,936 14.936 18,245 uNesIrM ReslriGted fwds furKls Tolal 2021 Total 2020 Insuran Acwunlancy Subscriptions Admlni5tration charges Landfill tax ¢redtt income- Augean 1.776 1,210 1,267 13.992 1,225 1,290 10.752 1,290 10.752 4.184 10.752 14.936 18,245 11. Taxatlon The ¢hariVs athibes fdl YAthln ts exemplions afforded by the provisions of The Corp)rnlcn Taxes Aet 2010. Accorthngty, the is no charge in these accounts. 11 Ind6p8nd•nl examlrbatlon lees 20 2020 Fees payable lo ts indèpththnl examinerfor: Independ8nt eXaMinan olthe financia statements 1,210 13. Stsff costs No salwies or wages have trtsn pd to eMoYee& irKludlng the Irustees. ring the year. The average number of employees (mdling ts Iruslees) durro ts year Yd5 11 12020: 11), 14L Trustee remunernllon and expenses No remunerati or other beneffts from W10>nent with th& charity Te recelved by Ihe trustees during the accountirKJ Fer1. 15. Charitsblg sup Under a long-slan¢fing 8Jrang8merrt Tees Valey Wildlile Trust Committ tt) contribute £200.000 to the costs of operating Sallholme. At 31 March 2021 £32.444 12020: 2,444) rem&ns lo b spent by Tees Valley Wildlile Trust in support of Teesside Environmental Trusvs adwihes at Saltholmo. 13

Teesslde Environmentsl Trust Company Llmlted by Guarantee Notes to the Financial Statements iJed1 Year ended 31 March 2021 16. Tangible fixed assets The freehold prop&ty owned by TeessK* Environmontd Tnjst was gifted lo the charity and therefore is included al nil cost in the accounts. The Saltholme Reserve which loms the bulk ol the freehohl propety Is rented to ihe RSPB on a long lemi lease. As a result of the existing 99 year lease ol the land with Ihe RSPB wilh 88 years left to run the Trnstees have sought Inlomi advice, bLrt not a formal vakAtion. and based M Ihe current RSPB rent vaued land al £105,000. 17. Debtors 2021 )20 Prepayments and accrued tixome Other debtors 1.776 9,704 11,460 1.262 212 1,574 18. Credllors: amounts falllng due withln one ar 2021 2020 Trade crerfrtors Accruals and deferred income 15.000 1.464 16,464 1,373 1,464 2.837 19. Analysls of eharltable funds Unrestrlcted lunds At 31 IAarch 202 1 April 2020 Income EXrtUre Gener lunds 128,117 184,870 150.378) 262,609 At 31 March 202 1 Awll2019 Income ExFeThJiture Gener funds B4,803 97,668 154.354} 128,117 Purtxjses of unrestricted funds The general funds are lunds whth ean be used in atrdance ryth the charitable oblects al the discrelion of fv Iruslegs. 14

Teesslde Environmental Trust Company Llmlted by Guarantse Note8 to Ihe Flnanclal Statemenis (cvnllnu8 Year end8d 31 March 2021 19. Analysls of charltable lund8 (coniinued) Restrlcted funds Al 81 March 202 At 1 Ap1 2020 Income Expendltu Land flll tax cr8dlt fund 150,T18 311,743 (161.1531 301.368 Al 31 March 202 At 1 Aprll 2019 Income Expendlture Land1111 tax credll fvnd 154,095 228,073 1231,3901 150,778 Purposes of roslrlctod funds The Land Fill Tax Credli Fund has been Used for th8 development of Tho International Nature Rg8erv& In Ihe Tees VaIley whlch a180 ntaInS the Sallholme Wlld 8lrd Discovery Cenlte. 20. Analy818 ol net assols botwejn fund8 Unre51ricled Funds Resirfcled Total Fund& Funds Current assets Creditors less than 1 year N81 assets 279.073 <16.4641 262.609 301,368 580,441 116,464) 563,977 301,368 Unreslflcled Resiflcled Total Funds Fund5 Funds 2020 Curient assets Credllors less than 1 year a$$otg 130,954 {2.8371 128,117 150,778 281.732 12,8371 278,895 150,778 21. Flnanclal Inslrumonts The company ha5 not used any non-baslc flnanclal Instruments in the perlcé. 21 L8nd10888d Irom Téésslde Envlronment81 Trust Sialera Energy, which leases land from Teesslde Emronmenlal Trust, Is liable lo make paymenls lor 25 years whlch wlll cover any ¢05ts, In addllon lo costs covered by the decommls51onlng bonds, lo reslore the sltes. Thè total payments made lo 31 March 2021 arg held In an oscrow account which has a balance ol £12,359 (202D: £6.000}.