DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
COMPANY REGISTRATION NUMBER: 3438389 CHARITY REGISTRATION NUMBER: 1093327
Teesside Environmental Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2022
CHIPCHASE MANNERS
Chartered Accountants Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and | |
| expenditure account) | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 18 |
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name Teesside Environmental Trust Charity registration number 1093327 Company registration number 3438389 Principal office The Innovation Centre Kirkleatham Business Park Redcar Registered office 19 Yarm Road Stockton on Tees TS18 3NJ The trustees D Kitchen K Hissitt P L Cornes C Shepherd R Drinkwater J Mann K Trueman D J Morris T Blanchard Company secretary K J North Independent examiner Graeme Boagey, FCA Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
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DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2022
Structure, governance and management
Organisational structure
The charity is constituted as a limited by guarantee company, without a share capital and is governed by its Memorandum and Articles of Association.
Management
The charity is managed on a day-to-day basis by the Trust Administrator. The Trust Board is responsible for the overall direction and operation of the charity. It meets four times a year to make important decisions affecting the charity.
Governance and internal control
The Trust Board has reviewed the major risks to which the charity is exposed and actions have been taken to mitigate those risks. Contaminated land insurance together with general insurances, have been taken out. In view of changes to the previous Landfill Tax Credits Scheme, the charity has also secured funding from other sources to support the project.
Objectives and activities
Charitable objects
The principal activity of the charity is the development of the nature reserve at a site north of the Clarences, Stockton-on-Tees. The charity also protects and promotes the natural environment through the provision of nature reserves, the management of habitats, the conservation of habitats and species, the conservation of the historic environment and the provision of education on the natural environment.
Public benefit objectives
In order to meet its objectives, the charity has incurred a large amount of expenditure on developing the site in order to protect the environment. This has enabled a state of the art wildlife reserve and discovery park to be built which has been made available to the general public.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future conservation projects.
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DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2022
Achievements and performance
Review of activities and achievements
2021/2022 has been another successful year for Teesside Environmental Trust. Our primary focus has remained the Saltholme Nature Reserve, where we continued financial support for our partners, the RSPB, in their management and development of the reserve. Predator fencing to protect to ground nesting birds; stock-proof fencing on newly leased land to facilitate better ecological management of meadows; new shelters to protect visitors from bad weather; resurfacing of the main access road; and relocation of the south bound locator sign on the main trunk road A19 directing visitors to the reserve, have all been completed.
We have been collaborating with other partners on associated nature conservation and enhancement schemes, including the planned creation of extensive wetlands on the southern boundary of Saltholme to regenerate the environs of Holme Fleet and reduce tidal flood risk to our neighbours in the Clarences community. Our principal partners in this major project are Stockton on Tees Borough Council and the Environmental Agency, with projected completion in 2026.
Our only estuary boundary with the river Tees is the North Tees Nature Park on the north shore of the river Tees and during the year, in partnership with the Environment Agency, we embarked upon a feasibility study to improve the conservation value of the site and preserve calcareous slag grassland habitat.
We agreed a small loan to establish the Tees Seal Conservation Trust, primarily aimed at the conservation and welfare of the river Tees colony of common seal pups, which, in recent years has been ravaged by disease.
We are approaching our twenty fifth year and we are updating our articles of association to reflect our wider role, having largely achieved our initial objective defined in 1997. Trustees are reviewing our vision and objectives for the next ten years and to support these endeavours we are establishing a digital platform to inform a wider audience of our progress and achievements and to canvas more support and involvement from within the community.
All this has been achieved by consistent support from trustees and their endeavours on behalf of the Trust.
Financial review
Financial position
The accumulated funds at 31 March 2022 were £906,782 (2021: £563,977) and the charity has adequate resources to meet expenditure as it falls due in the year commencing 1 April 2022.
Reserves
The charity receives tax credit income from a Landfill operator on an annual basis under legal agreements signed with the operator. This agreement is set to last for several years. The scale of works to be carried out and associated support costs are matched to the Landfill Communities Fund resources received in the previous year.
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DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2022
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 11 July 2022 and signed on behalf of the board of trustees by:
K J North Secretary
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DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Teesside Environmental Trust
Year ended 31 March 2022
I report to the trustees on my examination of the financial statements of Teesside Environmental Trust ('the charity') for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Teesside Environmental
Trust (continued)
Year ended 31 March 2022
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.
Graeme Boagey, FCA Independent Examiner
Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA
11 July 2022
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DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Voluntary income | 5 | – | 357,546 | 357,546 | 311,621 |
| Investment income | 6 | 4,940 | 46 | 4,986 | 5,144 |
| Other incoming resources | 7 | 198,072 | – | 198,072 | 179,848 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 203,012 | 357,592 | 560,604 | 496,613 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | (66,464) | (151,335) | (217,799) | (211,531) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | (66,464) | (151,335) | (217,799) | (211,531) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in | funds | 136,548 | 206,257 | 342,805 | 285,082 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 262,609 | 301,368 | 563,977 | 278,895 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 399,157 | 507,625 | 906,782 | 563,977 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
7
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Statement of Financial Position
31 March 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 16 | 1,848 | 11,480 |
| Cash at bank and in hand | 954,273 | 568,961 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 956,121 | 580,441 | ||
| Creditors: amounts falling due within one year | 17 | (49,339) | (16,464) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net current assets | 906,782 | 563,977 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 906,782 | 563,977 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 906,782 | 563,977 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Restricted funds | 507,625 | 301,368 | |
| Unrestricted funds | 399,157 | 262,609 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 18 | 906,782 | 563,977 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 11 July 2022, and are signed on behalf of the board by:
D Kitchen Trustee
The notes on pages 9 to 15 form part of these financial statements.
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DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 19 Yarm Road, Stockton on Tees, TS18 3NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
Advantage has been taken of the following disclosure exemptions available:
No cash flow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
9
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
10
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Research and development
Research expenditure is written off to the profit and loss account in the period in which it is incurred.
4. Limited by guarantee
Teesside Environmental Trust is limited by guarantee and accordingly does not have share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Voluntary income
| Restricted | Total Funds | Restricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Landfill tax credit income - Augean | 357,546 | 357,546 | 311,621 | 311,621 |
6. Investment income
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Income from UK investment properties | 4,907 | – | 4,907 |
| Bank interest receivable | 33 | 46 | 79 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 4,940 | 46 | 4,986 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ |
11
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
6. Investment income (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Income from UK investment properties | 4,909 | – | 4,909 | ||
| Bank interest receivable | 113 | 122 | 235 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 5,022 | 122 | 5,144 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| 7. | Other incoming resources | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Other income | 188,240 | 188,240 | 169,096 | 169,096 | |
| Administration income | 9,832 | 9,832 | 10,752 | 10,752 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 198,072 | 198,072 | 179,848 | 179,848 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 8. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Charitable activities | 61,812 | 141,503 | 203,315 | ||
| Support costs | 4,652 | 9,832 | 14,484 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 66,464 | 151,335 | 217,799 | |||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Charitable activities | 46,194 | 150,401 | 196,595 | ||
| Support costs | 4,184 | 10,752 | 14,936 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 50,378 | 161,153 | 211,531 | |||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 9. | Expenditure on charitable activities | by activity type | |||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2022 | 2021 | |||
| £ | £ | £ | £ | ||
| Charitable activities | 203,315 | – | 203,315 | 196,595 | |
| Governance costs | – | 14,484 | 14,484 | 14,936 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 203,315 | 14,484 | 217,799 | 211,531 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
12
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
10. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | ||||
| activity 1 | Total 2022 | Total 2021 | ||
| £ | £ | £ | ||
| Governance costs | 14,484 | 14,484 | 14,936 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | |||
| funds | funds | Total 2022 | Total 2021 | |
| £ | £ | £ | £ | |
| Insurance | 2,110 | – | 2,110 | 1,669 |
| Accountancy | 1,225 | – | 1,225 | 1,225 |
| Subscriptions | 1,317 | – | 1,317 | 1,290 |
| Administration charges | – | 9,832 | 9,832 | 10,752 |
| Landfill tax credit income - Augean | ||||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 4,652 | 9,832 | 14,484 | 14,936 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
11. Taxation
The charity's activities fall within the exemptions afforded by the provisions of The Corporation Taxes Act 2010. Accordingly, there is no charge in these accounts.
12. Independent examination fees
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,225 | 1,225 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
13. Staff costs
No salaries or wages have been paid to employees, including the trustees, during the year. The average number of employees (including the trustees) during the year was 10 (2021: 11).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity were received by the trustees during the accounting period.
15. Tangible fixed assets
The freehold property owned by Teesside Environmental Trust was gifted to the charity and therefore is included at nil cost in the accounts. The Saltholme Reserve which forms the bulk of the freehold property is rented to the RSPB on a long term lease. As a result of the existing 99 year lease of the land with the RSPB with 87 years left to run the Trustees have sought informal advice, but not a formal valuation, and based on the current RSPB rent valued the land at £105,000.
13
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
| 16. | Debtors | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Prepayments and accrued income | 1,848 | 1,776 | |
| Other debtors | – | 9,704 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 1,848 | 11,480 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 17. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Bank loans and overdrafts | 42,498 | – | |
| Trade creditors | – | 15,000 | |
| Accruals and deferred income | 1,464 | 1,464 | |
| Social security and other taxes | 5,377 | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 49,339 | 16,464 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
18. Analysis of charitable funds Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 | March 202 | |||
| 1 | April 2021 | Income | Expenditure | 2 | |
| £ | £ | £ | £ | ||
| General funds | 262,609 | 203,012 | (66,464) | 399,157 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At | |||||
| At | 31 | March 202 | |||
| 1 | April 2020 | Income | Expenditure | 1 | |
| £ | £ | £ | £ | ||
| General funds | 128,117 | 184,870 | (50,378) | 262,609 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
Purposes of unrestricted funds
The general funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
14
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
18. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 | March 202 | |||
| 1 | April 2021 | Income | Expenditure | 2 | |
| £ | £ | £ | £ | ||
| Land fill tax credit fund | 301,368 | 357,592 | (151,335) | 507,625 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At | |||||
| At | 31 | March 202 | |||
| 1 | April 2020 | Income | Expenditure | 1 | |
| £ | £ | £ | £ | ||
| Land fill tax credit fund | 150,778 | 311,743 | (161,153) | 301,368 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
Purposes of restricted funds
The Land Fill Tax Credit Fund has been used for the development of The International Nature Reserve in the Tees Valley which also contains the Saltholme Wild Bird Discovery Centre.
19. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Current assets | 448,496 | 507,625 | 956,121 |
| Creditors less than 1 year | (49,339) | – | (49,339) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 399,157 | 507,625 | 906,782 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Current assets | 279,073 | 301,368 | 580,441 |
| Creditors less than 1 year | (16,464) | – | (16,464) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 262,609 | 301,368 | 563,977 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
20. Financial instruments
The company has not used any non-basic financial instruments in the period.
21. Land leased from Teesside Environmental Trust
Statera Energy, which leases land from Teesside Environmental Trust, is liable to make payments for 25 years which will cover any costs, in addition to costs covered by the decommissioning bonds, to restore the sites. The total payments made to 31 March 2022 are held in an escrow account which has a balance of £19,082 (2021: £12,359).
15
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Management Information
Year ended 31 March 2022
The following pages do not form part of the financial statements.
16
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Voluntary income | ||
| Landfill tax credit income - Augean | 357,546 | 311,621 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Investment income | ||
| Income from UK investment properties | 4,907 | 4,909 |
| Bank interest receivable | 79 | 235 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 4,986 | 5,144 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Other incoming resources | ||
| Other income | 188,240 | 169,096 |
| Administration income | 9,832 | 10,752 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 198,072 | 179,848 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 560,604 | 496,613 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Rent | (10,405) | (7,042) |
| Rates and water | (151,567) | (148,566) |
| Repairs and maintenance | (19,761) | (16,122) |
| Insurance | (2,110) | (1,669) |
| Motor vehicle expenses | (19,850) | (2,240) |
| Legal and professional fees | (1,662) | (1,225) |
| Other office costs | (11,127) | (33,377) |
| Subscriptions | (1,317) | (1,290) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| (217,799) | (211,531) | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | (217,799) | (211,531) |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income | 342,805 | 285,082 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
17
DocuSign Envelope ID: C61AC83D-1DAE-4903-A540-CD4887D659D1
Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Charitable activities | ||
| Activities undertaken directly | ||
| Levy on landfill tax | (10,405) | (7,042) |
| Site work costs | (151,567) | (148,566) |
| Administration expenses | (19,761) | (16,122) |
| Legal and professional fees | (19,850) | (2,240) |
| UK entertainment and trustee costs | (437) | – |
| Statera project costs | (1,295) | (22,625) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| (203,315) | (196,595) | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Governance costs | ||
| Insurance | (2,110) | (1,669) |
| Accountancy | (1,225) | (1,225) |
| Administration charges | (9,832) | (10,752) |
| Subscriptions | (1,317) | (1,290) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| (14,484) | (14,936) | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | (217,799) | (211,531) |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
18