## **TEESSIDE ENVIRONMENTAL TRUST** ## **ANNUAL REPORT 2023** ## Purpose of Report To describe the actions and achievements in 2023 of TET and to consolidate and build on these achievements in future years. 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 20[th] February 2023) and Articles of Association (dated 20th February 2023) both registered with the Charity Commission. ## Summary of Activity in 2022 1. 2022/2023 had been another successful year for Teesside Environmental Trust (TET). Our primary focus has remained with Saltholme Nature Reserve where we continued financial support for our partners the RSPB (Royal Society for the Protection of Birds) who are in their fourteenth year of operation at Saltholme. RSPB Saltholme was visited by 49,504 people during the fiscal year, a slight improvement from the previous year. School visits returned to pre-pandemic levels with 2,749 children attending. Teesside Environmental Trust continued to provide financial support to our tenants RSPB to enable continued improvement and development of RSPB Saltholme. The reserve saw significant improvements and development of projects such as the creation of additional wetland habitat (protected by an anti-predator fence) and Cowpen Marsh, and the development of improved wetland features on the wet grassland within the main site anti-predator fence. An automated gate was added in the anti-predator fence to enable easy access for wheelchair and mobility scooter users. A new boardwalk, giving visitors access to the dragonfly pools (created by TET funding in 2019), was created in the autumn of 2022. A shelter was provided for visiting school groups as well as a viewing shelter for visitors to observe the Main Lake. The play area underwent a major upgrade in 2023 and was reopened just in time for the Easter holidays. The annual number of visitors to the reserve for the full calendar year January to December 2022 was 47,979. For the ‘accounting’ year April 2022 – March 2023 the number was 49,504. 2. 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. 3. Our only marine seawater estuary boundary frontage with the River Tees is the North Tees Nature Park on the north shore of the River Tees, in partnership with the Environment Agency and Augean PLC, we embarked upon a feasibility study to improve the conservation value of the site and preserve calcareous slag grassland habitat. Also to stop the spread of invasive species such as Silver Birch and Sea Buckthorn and restore the open mosaic slag grassland. This was once extensive on Teesside as a legacy of its iron and steel manufacturing history but is now very rare. This is a major conservation project due to its rarity and unique nature. 4. We agreed upon a further small loan to establish Teesmouth Seal Conservation Trust (TSCT) as a registered charitable body and secure a thirty-year lease of a building for conservation and renovation into a seal hospital and conservatory 5. On the 1[st] of April TET celebrated its 25[th] anniversary by hosting an event at Saltholme Reserve attended by over 60 guests, including partner agencies, RSPB volunteers, and their families. The guests were treated to guided tours of the reserve whilst learning about current and past projects. An opportunity to engage in a pond dipping activity was an excellent way for them to get hands-on experience learning about the aquatic life in the reserve and the importance of maintaining a healthy ecosystem. The film ‘Where the stone dropped’ by Ian Paine a documentary about the communities in South Gare was enjoyed by all. 6. In 2022 Newscrest, a local digital marketing company created a website to keep the wider audience informed about the progress and achievements of TET. The website aims to provide an overview of the organisation, our vision, and values. In addition to the website TET has also established a social media presence on Facebook and LinkedIn. These platforms will be used to update followers about upcoming events, share success stories, and attract potential candidates for trustee positions. The creation of TET’s website and social media accounts is a significant step in raising awareness and support for the charity. 7. A donation payment of £339,500.12 Landfill Tax Credits was gratefully received from Augean plc in the period 1[st] January to 31[st] December 2022 through the agreement the Trust has with the company. £134,094.08 of the credits (TET’s ‘restricted funds’) were used to support the conservation activities at the Saltholme reserve in the same period. ## Main Actions to be Undertaken in 2023 The major emphasis in 2023 will be to: - 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. - Increase visitors at RSPB Saltholme for the public to enjoy the nature reserve and appreciate nature conservation. - Continued development of the Tees Tidelands Port Clarence and Tees Tidelands Nature Park projects. - Progress negotiations with three external partners to secure additional opportunities for nature conservation and habitat conservation. ## Finance Accounts Details of the Trust’s income and expenditure in 2022 are contained in the annual accounts filed with the charity commissioner. There was a balance in the Trust’s accounts of £472,584.22 unrestricted funds and £410,371.32 restricted funds on 31[st] March 2023. 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 2022 consistent with its responsibilities for the management of the charity and to discharge its funding agreement with the with our partners. ## 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. ## The Chair of the Board, David Kitchen The Chair would like to note and thank Trustees for their continued commitment and provision of expertise all free of charge. Also, our partners for their dedicated support and assistance to TET achieving its objectives. COMPANY REGISTrATION NUl4lBER: 3438389 CHARrrY REGISTRATION NUMBER: 1093327 Teesside Environmental Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 CHIPCHASE MANNERS Chartered Accountants Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA Teesside Environmental Trust Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees. annual reporl {incorporaling ihe director's report) Independent examiner's report to the trustees Statemenl ol financial aclivilies {including income and expenditure account} Stalemenl of linancial posilion Notes to the financial statements The followlng pages do not fomi part ol Ihe Ilnanclal slalemenls Detailed statement of financial activities 18 Notes lo the delailed stalemenl ol financial activities 19 Teesside Environmental Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who are aso the directors lor the purwfyses ol company law, present their report and the unaudited financial statements ol the charity lor the year ermled 31 March 2023. Reference and admlnistrative details Regislergd Charity name Teesside Environmenlal Trust Charlty reglstratlon numbèr 1093327 Company reglstratlon number 3438389 Prlncipal off Ice 15 Sculptor Crescenl Stockton TS18 3QR Reglstered offlce 19 Yarm Road Slocklon on Tees TS18 3NJ Tho trustoes D Kilchen K Hiss P L Corne5 C Shepherd R Drinkwaler J Mann K Trueman D J Morris T Blanchard IResigned 6 September 20221 Company secretary KJNorth Ind6pèndont oxamlner Graeme Boagey, FCA Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA Teesside Environmental Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Iconllnu8dJ Year ended 31 March 2023 Structure> govemance and management Organisalional structure The charity is constiluled as a limited by guarantee eompany. without a share capital and is govemed by ils Memorandum and Articles ol Assoualion. Management The charity is managed on a day-lo-tlay basis by the Trust Adminislralor. The Trust Board is resptsnsible lor the overall direction and 0￿ratiOn ol the charity.11 meets lour times a year bul this is supplemènted by other meetings as required. Governance and intemal control The Trust Board has reviewed the major risks to which the charity is exposed and actions have been taken lo miligale those risks. Conlaminaled land insurance together wilh general insurances, have be&n taken out. In view ol changes lo the previous La￿11111 Tax Credits Scheme. the charity has also secured funding from other sources lo support the project. Oblectlv88 and acllvttles Charitable Memonards The principal activity ol the charily is the development ol the nature reserve al a sile north ol the Clarences, Stockton-on-Tges. The charity also protects and promotes the natural environment through the provision ol nature reserves, Ihe management ol habitats, the conservation ol habitats and species, th8 conservation ol the historic environmènt and the provision ol education on the natural environment. Public benefit objectives In ordgr lo mgel ils objeclivgs, Ihe charity has incurred a large amount ol expenditure on developing the site in order to protect the environment. This has enabled a stale ol Ihe art wildlilg rgserve and discovery park to be built which has been ma(Je available lo the general public. The Iruslees confirm that they have referred lo the guidance contained in the Charity Commission's general guidanco on public benglil when reviewing Ihe Charity's aims and obieclivos and in planning future conservation projects. Teesside Environmental Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Iconllnu8dJ Year ended 31 March 2023 Achievements and performance Review ol activities and achievements 202212023 had been another su￿SSIu1 year for Teesside Environmental Trust. Our primary focus has remained with Sallholme Nature Reserve where we conlinued financial support lor our partners the RSPBIRoyal Society lor the Protection ol Birds) who are in their fourteenth year as our tenants and operation as RSPB Saltholme nature reserve. RSPB Sallholme was visited by 49.504 people during the fiscal year, a slight improvement trom the previous year. School visits returned lo pre-pandemic levels with 2,749 children attending. The reserve saw significant improvefflents and ¢Jevelopmenl ol projects such as the creation of additional wetland habitat Iprotecled by an anti-predator lencel and Cowpen Marsh. and the development ol improved wetland lealures on the wel grassland within the main sile anli-predalor18nc8. An automated gale was added in the anli-predalor fence lo enable easy access lor wheelchair and mobility scooter users. A new t)oarthalk, giving visitors access lo the dragonfly pools was Created in the autumn 012022. A A shelter was provided lor visiling school groups as well as a viewing shelter lor visitors lo observe the Main Lake. Thè play area underwent a major upJiade in 2023 and was reopened al Easter. We have been collaborating with other partnefs on associated nature cx)nservalion and enhancement schemes, including the planned creation ol extensive wetlands on Ihe southern boundary ol Saltholme lo regenerate the environs ol Holme Fleet and reduce tKlal flood risk to our neighbours in the Clarences community. Our principal partners in this major proiecl are Slod(lon on Tees Borough Council and the Environmental Agency, wilh projected completion in 2026. Our only rnaring sea waler esluary frontage to Ihe river Tees is the North Tees Nature Park on thg north shorè ol the river Tees and during ihe year, in partnership wilh the Environment Agency. we embarked upon a leasibilily study lo improve the conservat￿n value ol Ihe sile and preserve calcareous slag grassland habilal. We agreed upon a lurther small loan lo eslablish Tees Seal Consgrvalion Trust as a registered charitable body and secure a thirly year lease ol a building lor mnservation and renovation inlg a seal hospital and conservatory. On the 1 sl ol April TET celebrated ils 25th anniversary by hosting an event al Sallholme Reserve attended by over 60 guests, including partner agencies, RSPB volunteers, and their larnilies. The guests were treated to guided lours ol the reserve whilst learning about current and past projects. An opportunity lo engage in a pond dipping activity was an excellent way lor them to get hands-on experience learning about the aquatic life in the reserve and the imFX)rtance ol maintaining a healthy ecosyslern. And a screening ol 'Where Ihe stone dropped. by lan Paine a documentary about the communities in South Gare was enjoyed by all. In 2022 a local digital marketing company created a website lo keep the wider audience informed about the progress and achievements ol TET. The website aims lo provide an overview ol the organisalion, our vision and values. In addition to the websile TET has also established a social media presence on Facebook and Linkedln. These platforms will be used to update followers aboul upcoming events, share success stories, and attract potential candKJales lor trustee wsitions. ## **Teesside Environmental Trust** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 March 2023** ## **Financial review** Financial position The accumulated funds at 31 March 2023 were £883,910 (2022: £906,782) and the charity has adequate resources to meet expenditure as it falls due in the year commencing 1 April 2023. ## 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. ## **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 6th September 2023 and signed on behalf of the board of trustees by: K J North Secretary **4** Teesside Environmental Trust Company Limited by Guarantee Independenl Examiner's Report to the Trustees of Teesside Environmental Trust Year ended 31 March 2023 I report lo the Iruslees on my examination of the financial slalemenls ol Teesside Environmental Trust I'lhe charily'l lor the year ended 31 March 2023. Re$pon$ibililie$ and basi$ ol report As the trustees ol the company land also its directOTS lor the purposes of company lawl you are responsible lor the preparation ol the financial slalemenls in a￿OrdanCe with the requirements ol the Companies Act 2006 Ilhe 2006 Act'l. Having satisfied myself that the accounls ol the company are not required to be audited under Part 16 ol the 2006 Act and are eligible lor independent examination, I report in respect ol my examination ol the charity's aecounls as carried out under seclion 145 01 the Charilies Act 2011 I'the 2011 Act'l. In carrying out my examinalion I have lollowed the Direclions given by the Charity Commission under section 1451511bl ol the 2011 Act. Indèpendènt èxamlnerfs statemènt Since the charity's gross income exceeded £250,0th) your examiner musl be a member ol a body listed in section 145 01 the 2011 Acl. I confirm that l am qualified lo undertake the examination because l am a member ol the Inslilule ol Chartered A￿￿nIan1$ in England arKI Wales IICAEWI, which is one ol the listed bodies. I have completed my examinat￿n. I conlimi Ihal tKS matters have come lo my allenlion in connection with the examination giving me cause lo believe: a¢￿UntIng records were not kept in resF*d ol the charity as requirod by section 386 01 the 2006 Aet,. or the financial slalements do not accord with those records; or the financial stalemonts do not comply with the accounlir4J requirements of $9clion 396 01 the 2006 Act other than any requirement that Ihe accounls give a 'true and lair. view which is not a matter considered as part ol an irKlependent examination., or the financial slalements have not been p￿pared in accordance with the methods and principles ol Ihg Slalemenl ol Recommended Practice lor accounting and reporting by ¢harities applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard a￿l¢able in the UK and Republic ol I￿land IFRS 1021. Teesside Environmental Trust Company Limited by Guarantee Independenl Examiner's Report to the Trustees of Teesside Environmental Trust (C¢intinued) Year ended 31 March 2023 I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in Ihis report in ¢yder lo enable a proper vnderslanding ol the acwunts lo be reached. Graeme Boagey, FCA Independent Examiner Chipchase Manners 384 Linlhorpe Road Middlesbrough TS5 6HA Teesside Environmental Trust Company Limited by Guarantee Statement of Financial Activities (including income and expendilure accounl) Year ended 31 March 2023 2023 Reslri¢led luNls Total funds 2022 Unreslricled funds Total funds Note Income and endowments Voluntary income Investment income Other incoming resources Total income 339.500 1.378 339,500 2,377 229,172 357.546 4,986 198,072 229.172 230.171 340.878 571.049 560,604 Expendilure Expenditure on charitable activities Total expendlluro 1129,7511 1464,1701 1593.9211 1129,7511 1464,1701 1593,9211 1217,7991 1217,7991 Nel1oxpendllurelllncom• and net movement In funds 100.420 1123,2921 122,8721 342,805 Rgconclllatlon of funds Total lunds brought forward Total funds Carr1￿ forward 399.157 507.625 906,782 563,977 499.577 384,333 883,910 906,782 The statement ol financial aetivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 9 to 16 tomi part ol these Ilnanclal statement& ## **Teesside Environmental Trust** ## **Company Limited by Guarantee** ## **Statement of Financial Position** ## **31 March 2023** |**Teesside Environmental Trust**
**Company Limited by Guarantee**
**Statement of Financial Position**
**31 March 2023**|||| |---|---|---|---| |||**2023**|2022| ||**Note**||£| |**Current assets**|||| |Debtors|**16**|16,919|1,848| |Cash at bank and in hand||882,955|954,273| |||--|--| |||899,874|956,121| |**Creditors: amounts falling due within one year**|**17**|(15,964)|(49,339)| |**Net current assets**||883,910|906,782| |**Total assets less current liabilities**||883,910|906,782| |**Net assets**||883,910|906,782| |**Funds of the charity**|||| |Restricted funds||384,333|507,625| |Unrestricted funds||499,577|399,157| |**Total charity funds**|**18**|883,910|906,782| For the year ending 31 March 2023 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 6th September 2023, and are signed on behalf of the board by: D Kitchen Trustee **The notes on pages 9 to 16 form part of these financial statements.** **8** Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements Year ended 31 March 2023 General information The charity is a publ￿ benefi.t entity and a Private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The aijdress of the registered offi¢e is 19 Yarm Road, Slo¢klon on Tees, TS18 3NJ. Statement of compllance These financial statements have been Prepared in COM￿lanCe with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,. the Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2(N)6. Accountlng pollcles 8asl¥ of preparallon The financial statements have been prepared on the hisiorical cost basis, as modifièd by tha revaluation ol certain financial assets and liabilities and investmènt pro￿rtieS measured al lair value through income or expendrture. The financial slalemenls are prewed in slerling, which is the functional currency ol the enlty. Golng coneèrn There are no material uncertainties about the charivs ability lo continue. Dl¥clo$ure oxompllon$ Advantage has been taken ol the following disclosure exempl￿1n$ availablè.. No cash flow slalemenl has been presented lor the company. Judgomenls and key sources of 8stlm8tlon uncgrtalnty The preparation ol the linancial staiements requires managèment to makè judgements. èslimales and assumptions that affect the amounls reported. These estifflales and judgements are continually reviewed and are based on experience and other laclors, induding expectations ol lulure events that arg believed lo t* reasonable under Ihe circumslancgs. Fund accounting Unreslricled funds are available lor use al the discretion ol the Iruslees to further any ol the charity's purF)oses. Oesignalgd funds are unrgslricted funds earmatl(ed by the Iruslees lor particular fulurg project or commitrnent. ReslTiCted funds are subjected to reslricbons on their eX￿ndItUre declared by the donor or through the terms ol an appeal, and fall into one ol sutrfrdasses.. reslricled income funds or endowment funds. Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements (c0nrtth￿j Year ended 31 March 2023 Accounting policies (eortlThrédl Incomlng resources All incomiro resources are induded in the slat8menl ol financial activities when enlillemenl has passed lo the charity- il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The lolbwing specific policies are applied lo particular cal8gories ol income.. ineome Irom donations or grants is recognised when Ihère is evidence ol ènlitlemenl lo the gill, recgipl is probable and ils amount can be measured reliably. legacy income is Tecognised when ieceipt is probable and enlillemenl is established. income from donated goods is measured al the lair value ol the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. t)onated facilities arKI services are recognised in the account5 when received il the value can bè reliably mèasuied. No amounts are included lor the contribution ol general volunteers. income from contracts lor the supply ol services is fecognised with the delivery ol the contracted sgtvice. This is classified as unrestricted lunds unless there is a conlraclual requirement lor it to be spent on a particular purp￿ and relumed il unspent, in which case il may be regarded as reslricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the statement ol financial activities lo which il relates.. expenditure on raising lunds includes the costs ol all fundraising activities, events, non- charitable trading aclivilies, and the sale ol donated goods. expenditure on charitable ac¢ivilies includes all costs incurred by a charity in undertaking a¢livilies thal lurlher ils tharilable aims lor the benelil ol its beneficiaries, including those support costs and eosts relating to the governance ol the charity apportioned lo eharrtable acliv(ties. other expenditure includes all eX￿nL111ure that is neilher related to raising funds lor the charity nor part ol ils expenditure on charitable aclivilies. All costs are allocated to exFer*Jiture categories reflecting Ihe use ol the resource. Direct costs attributable to a single activity are allocaled directly to that actiwty. Shared costs are aF)PQrtioned between the activities they contnbute to on a reasonab￿. justifiable and consistent bas1S. 10 Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements (c0nrtth￿j Year ended 31 March 2023 Accounting policies (eortlThrédl Flnanclal Instruments A linanciJ asset or a financial liability is recognised only when the enlily t*￿MeS a party lo the contractual provisions ol the inslrumenl. 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 recognise(l al the present value ol Ihe lulure payments discounted al a market rale ol interest lor a similar debl inslrumenl. Current assets and current liabilities are subsequentty meawred at Ihe cash or other consideration expected to be paid or receiv8d and not discounted. Llmlted by guarantee Teesside Environmental Trust is limiled by guarantee and accordingly does not have share capital. Every member ol the company undertakes to contribute such amount as may bè r6quired not exceeding £1 to assets ol the charilatje company in the event ol ils being wound up while he or she is a member, or within one yeaf after he or she ceases lo be a member. Voluntary In¢om• Reslricl8d Total Funds Funds 2023 Reslricled Total Funds Funds 2022 Donallons Landfill tax eredil ineome- Augean 339.500 339.500 357,546 357,546 Investment Income Unreslricled Funds Reslricled Total Funds Funds 2023 Income from UK investment Properties Bank interest receivable 998 1,378 1,378 2,376 2,377 999 Unrestricted Funds Reslricleé Total Funds Funds 2022 Income from UK investment properties Bank interest receivable 4.￿7 33 4,907 79 46 4,940 46 4,986 Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements (c0nrtth￿j Year ended 31 March 2023 Other incoming resources Unrestricted Total Fund$ Unrestricted Total Funds Funds 2023 Funds 2022 Other income Administration incomè 203.134 26.038 203,134 26,038 188,240 9,832 188,240 9,832 229.172 229.172 198,072 198,072 Expendlture on charltable actlvltles by lund type Uniestricled Funds Reslricled Total Funds Funds 2023 Charitable activities Support costs 124.757 4.994 438,132 26,038 562,889 31,032 129.751 464,170 593,921 Uniestricled Funds Reslricled Total Funds Funds 2022 Charitable activities Support costs 61.812 4.652 141,503 9,832 203,315 14,484 66,464 151,335 217,799 Exptndlture on charltable acllvltlès by actlvlty ty Activities undertaken diredly Support Total fund$ costs 2023 Total fund 2022 Charitable activities Governance costs 562.889 562,889 31,032 203.315 14.484 31.032 $62,889 31,032 593,921 217,799 10. Analysls ol Support costs Analysis of support costs Total 2023 Total 2022 Governance costs 31,032 31,032 14,484 12 Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements (c0nrtth￿j Year ended 31 March 2023 10. Analysis of support cosis (¢Onllm*d) Unrestricted funds Restricted funds Total 2023 Total 2022 Insurance Accountancy Subscriptions Adminislralion charges Landfill lax credit income- Augean 2.072 1.436 1.486 2,072 1,436 1,486 26,038 2,110 1,225 1,317 9,832 26.038 4,994 26.038 31.032 14,484 11. Taxallon The charitls activities fall within the exemptions afforded by the provisions ol The Corporation Taxes Ael 2010. Actordingly, there is no charge in these accounts. 12. Independent examlnatlon lees 2023 2022 Fees payablè to the independent examiner for.. Ind&pendenl examination ol the financial slalemenls 1,436 1.225 13. Slaff costs No salaries or wages have bgen paKI lo employees, including the Iruslees, during the year. The average number ol employees (including the Irusleesl during ihe year was 1012022.. 101. 14, Trustee remuneratlon and expenses No remuneration or other benelils from ems￿oYment with Ihe charity were received by the Iruslees during the accounting period. 15. Tanglble Ilxed assets The freehold propet1y owned by Teessftye Enwronmenlal Trust was gifted lo the charity and therefore is included al nil wsl in Ihe a¢¢ounls. The Sallholme Reserve whi¢h forms the bulk ol the freehold property is rented to the RSPB on a long lerffl lease. As a result ol the existing 99 year lease ol the land with the RSPB with 86 years left to run the Trustees have sought informal advice, but not a lom)al valuation, and based on the current RSPB rent valued the land al £105,000. 13 Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements (c0nrtth￿j Year ended 31 March 2023 16. Debtors 23 2022 Trade debtors Prepayments arKJ accrued income Other debtors 1,967 14,951 1,848 16,919 1,848 17. Credltors: amounts fallSng due wlthln one yettr 2023 2022 Bank loans and overdrafts Trade creditors Aecruals and delerTed income Social security and other taxes 536 4,724 1,500 9,204 42,498 1,464 5.377 15,964 49,339 18. An8ly818 ol charllable funds Unrgslrlclgd funds At 31 March 20 23 Al 1 April 2022 Income ExFen¢Jilure Gengral lunds 399,157 230,171 1129,7511 499,577 Al 31 March 20 22 At 1 April 2021 Income Ex￿ndItUre General lunds 262.609 203,012 166,4641 399,157 Purposes ol unrestricted funds The general funds are lunds which can be used in attordance with the charitable objects at the discretion ol the trustees. 14 Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements (c0nrtth￿j Year ended 31 March 2023 18. Analysis of charitable funds (eth Restrlcted lunds At 31 March 20 23 Al 1 April 2022 Income Ex￿ndItUre Land fill tax credit lund 507.625 340.878 1464.1701 384,333 Al 31 March 20 22 Al 1 April 2021 Income Ex￿ndItUre Land lill lax credit lund 301.368 357.592 1151,3351 507.625 Purposes ol reslricled funds The Land Fill Tax Credit Fund has been used lor the development ol The International Nature Resetve in the Tees Valley which also conlains Ihe Saltholme Wild Bird Discovery Cenlre. 19. Analy¥l¥ of nel as801$ b8lwgen funds Unrestricted Funds Reslricled Total Funds Funds 2023 Current assets Creditors less than 1 year Not assets 515,541 115.9641 499.577 384,333 899,874 115,9641 883,910 384,333 Unrestrieled Funds Reslricled Total Funds Funds 2022 Current assets Credilors less than 1 year Net assets 448.496 149,3391 399,157 507,625 956,121 149,3391 906,782 507,625 20. Financlal instruments The company has not used any non-basic financial instruments in the period. 21. Related partleg TET has undertaken a rent review in respect ol land in its ownership and leased lo RSPB. TET has agreed on a rent review during the year, lor the next live years at less than open fflarket value as this lurthgr promotes the charttable (t>jectives ol TET. 15 Teesside Environmental Trust Company Limited by Guarantee Notes lo the Financial Statements (c0nrtth￿j Year ended 31 March 2023 22. Land leased from Teesside Environmental Trust Slalera Energy, which leases land ITOM 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, lo restore the siles. The loial payments made lo 31 Mar¢h 2023 are held in an es¢row account which has a balance 01 £26,29912022'. £19,082). 16 Teesside Environmental Trust Company Limited by Guarantee Management Information Year ended 31 March 2023 The followlng pgges do not form port ol the flnancl•l statements. 17 Teesside Environmental Trust Company Limited by Guarantee Detailed Slatemenl of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Voluntary incomo Landfill tax credit income- Augean 339,500 357,546 Inveslmenl income Income Iroffl UK investment properties 8ank interest receivable 4,907 79 2,376 2,377 4,986 Other Incomlng regources Other income Adminislralion income 203,134 26,038 188,240 9,832 229,172 198.072 Total Income 571,049 560,604 Expendlture Expendllure on charltable act5vllles Levy on landfill lax Site work costs Adminislralion expenses Insurance UK Entertainment and Truslee costs Legal, professional and a￿ountancY lees Adminislralion charges Slralera project costs Subscriptions 112,0861 110,4051 1438,4011 1151,5671 18,4311 119,7611 12,0721 12,1101 11.7611 14371 115,7021 121,0751 126,0381 19,8321 187,9441 11,2951 11,4881 11,3171 1593,9211 1217,7991 Total expendlture 1593,9211 1217,7991 Nèt lexpenditurellincome 122,8721 342,805 18 Teesside Environmental Trust Company Limited by Guarantee Notes lo the Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Expendlture on charltable actlvltles Charitable activities Activilies undertaken dlrectty Levy on landfill tax Site work costs Adminislralion expenses Legal and professional lees UK entertainment and trustee costs Statera project costs 112,0861 1438,4011 18,4311 114,2661 11,7611 187,9441 1562,8891 110,4051 1151,5671 119,7611 119,8501 14371 11,2951 1203,3151 Governance costs Insuranc8 Accountancy Adminislralion charges Subscriptions 12,0721 11,4361 126,0381 11,4861 131,0321 12,1101 11,2251 19,8321 11,3171 114,4841 Exwndllure on charltsble actlvllles 1593,9211 1217.7991 19 COMPANY REGISTRATION NUMBER: 3438389 CHARITY REGISTr ATION NUMBER: 1093327 Teesside Environmental Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 CHIPCHASE MANNERS Chartered Accountants Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA Teesside Environmental Trust Company Llmited by Guarantee Flnancial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the direclorfs report) Independent examiner's report lo the trustees Statemenl of financial aGtivilies (including income and expenditure account) Statement ol financial position Notes to the financial statements The followlng pages do not lorm part of the financial statements Detailed statement ol financial activities Notes to the detailed statement ol financial activilies 18 19 Teesslde Environmental Trust Company LimSted by Guarantee Trustees. Annual Report (Incorporallng the Dlreclor's Report) Year ended 31 March 2023 The trustees, who are also the dir￿torS for thè purposes of company law, present their report arnl tho unaudited financial statements ol the charity fof the year ended 31 March 2023. Ref*rence ond admlnlstratlve detall$ Teesside Environmental Trust Registered charlty name Charity regislratlon number Company reglstr?tIDn number 3438389 Prlnclpal offlce 15 Sculptor Crescent Stod(lon TS18 30R 1093327 Ragislgred ofllce 19 Yarm Road Stockton Tee5 TS18 3NJ The tru$te96 O Kitchgn P L Cornes C Shepherd R Drinkwater J Mann K Truernan D J Morris T Blanchard IResigned 8 Septemb8r 20221 Company secretsry Indgpendent gxamlner KJNorth Graeme Boagey, FCA Chipchase Manners 384 Linlhorp8 Road Middlesbrougfv TS5 6HA Teesside Environmental Trust Company Limlted by Guarantee Trustees. Annual Report (Incorporaling the Dlrector's Report) fcontlnuod) Year ended 31 March 2023 Structure. governance and management Organisational structure The charity is constituled as a limited by guaranteo company, without a share caiylal and is governed by its Memorandum and Articles ol Association. Management The charity is managed on a day-to-day basis by the Trust Administrator. Th* Trust Board is r95ponsI￿e lor the ov8rall direction and operation ol the charity. 11 meets four times a year but this is Supplemented by other rneeting5 as required. Govemance and internal control The Trust Board has reviewed the major risks lo which the charity Is gxposed and actions have betrn taken to mitigate those risks. Conlatninated land insurance together with genèral insurances, have been taken out. In view ol changes lo the previou5 Landfill Tax Credits Scheme, the charity has also secured lunding from other sources to support the project. Oble¢tlves and act1vit￿¥ Charitable Memonards The principal activity of thg charity is the development ol the nature reservo at a sit* north ol the Clarences, Stockton-on-Tees. The charity also protects and promotes the natUTal 8nvironme￿I through the provision ol nature reserves, the management ol habita15, the conservation ol habita15 and species, the conservation ol th8 historic environment and the provision of education on the natural environment. Public benelil objectives In order to fneet Ils objectives, the charity has incurred a large amount ol expendlture on developirrfJ Ihe sittr in order to protect the 8nvironmènt. This has enabled a state ol the art wildlife reserve and discovery park lo be built which has been made available to the general public. The trusle8s confirtn that Ihey have referred to the guidanc8 contained in the Charity Commission's gener￿ guidance on public benefit when reviewing the Charity's airn5 and objectives and in planning future conseNalion projects. Teesside Envlronmental Trust Company Llmitèd by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (¢Ont1nt￿dJ Year ended 31 March 2023 Achlevements and p•rtorrnan¢e Review ol activities and achievements 202212023 had been anolhgr successful year lor Teesside Environmental Trust. Our prirnary locus has remained with Saltholrne Nature Aeserve where we COFTrtinued financial support for our partners the ASPBIRoyal Society for the Protection of Birds) who are in their lourteènlh year as our tenants and operation as RSPB Saltholme nature reseThe. RSPB Saltholme was visrted by 49,504 people during the fiscal year, a slight improvement Irorn the previous year. School visits returned lo pr6-pand8rnic levels with 2,749 children attending. The reserve saw sigfjificant irnprovernents and developrnenl ol projeets stych as tre creation ol additional wetland habitat Iprotscied by an anli-predalor lencel and Cowp&n Marsh, and the developfflent of improved wetland features on the wei grassland within the main site anti-predalorfence. An automated gale was added in Ihe anli-predalor fence to enable easy access lor whèelchair aTKI mobility scooter users. A new boardwalk, giving visitor5 acTrss to the dragorilly pools was created in the autumn of 2022. A A shelter was provided lor visiting school groups a5 well as a vi8wing shelter for V151tors to ob59rve tho M￿n Lakg. The play area underwenl a major upgrad8 in 2023 and was reopened al Easlgr. W8 have been collaborating with other partners on associated nalurg conservation and enhancement schemes, including the planned crealion of exlensive w8tland5 on the 50Uthern boundary ol Saltholm8 to reggneralo thè 6nvirons ol Holme Fleèt and reduce IKlal flood risk to our neighbours in the Clarences cornrnunily. Our principal partner5 in this major project are Stockton on Tees Borough Council and Ihe Environtnental Aggncy. with projected completion in 2026. Our only marine sea water estuary frontage lo the river Tees is the North Tees Nature Park on the north shore of the river Tees and tjuring the year, in partnership with the Environment Agency, we embarked upon a 18asibilily study to improve the conservation valu8 tsl the site and preserve cacareou5 slag grassland habitat. We agrg8d vpon a further small loan to establish Te￿ Sèal Conse¥vation Trust as a registered charitable body and Secure a thirty year16ase ol a building lor conservation and renovallon INO a seal hospital and conservatory. On thè 1 st ol April TET celebrated its 25th anniversary by hosting an avènt ai Saltholme Reserve atlended by over 60 gues15, including partneF agencie5, RSP8 volunteers, and their families. The guests W8re treated to guided tours of the reseNe whilst learning about curreni and past projects. An opportunity lo engage in a pond dipping activity wa5 an excellent way for them to get hand5-on experience learning about the aquatic life in the reservè and the irnportanc8 of rnaintaining a healthy 8cosy*em. And a screening of 'Where the stone dropp8d' by lan Paine a documentary about th8 communit185 in Sothh Gare was enjoyed by all. In 2022 a local digital marketing company cr8ated a website lo keep th8 wider audience informed about the progres5 and achievements ol TET. The website aims to provide an overview ol the organisalion, our vision and valu8s. In addition to Ihe website TET has also establishgd a social media presence on Fa￿book and Linkedln. These platforms will be usett to update followers about upcoming evenls, share success stories, and attract potential candidates Igr trustee positions. Teesslde Environmental Trust Company Llmited by Guarantee Trustee5' Annual Report {Incorporatlng the Dlrector's Report) (¢onllnwdl Year ended 31 March 2023 FlnancSal r¥vlew Finanrial position The accumulated funds al 31 March 2023 were £883,910 12022.. £906,7821 and the charity has adequate resource5 to rneet expenditure as it falls due in the year commencing 1 April 2023. Reservgs The charity r8ceives tax credit income from a Landfill operator on an annual basis under legal agreements signed with the operator. This agreemenl is sel to last for several years. The Scalp ol works to be carried out and associated support ¢osls are matched lo the Landfill Cornrnunilies Fund resourcgs ived in Ihe previous year. Small company provl$lon5 This report has be8n preparèd in ac¢ordancp with the provisions applicable to companies entitled to the small companies exemption. The Iru51e8s' annual reporl was approved on 5th September 2023 and signgd on behalt ol the bDard of trustee5 by.. KJNorth Seuetary Teesside Environmental Trust Company Limited by Guarantee Independent Examlner's Report to the Trustees of Teesside Environmental Trusl Year ended 31 March 2023 I report lo the IrLJslees on rny exarninalion ol the financial slatements of TeessKJe Environmental Trust I'lhe charrty) for thè y6ar ended 31 March 2023. R8sponslbililie$ ond basis ol report As the Iruslegs ol the corrpany land also its directors lor the purposes of company lawl you are responsible for Ihe preparation of the finAntsal statement5 in accordance with the requiretnents ol the Companie5 Aet 20061'the 2006 Aet'l. Having satlsliwj rnyself that thè accounts of the eompany are not r8quired lo be audited und8r Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of rny examinalion of the Gharily's accounts as carried out under section 145 01 the Cttarities Act 2011 I'the 2011 Act'l. In carrying out rny examination I have followed the Directions given by the Charty Commission under section 14515llbl ol the 2011 Act. Independent examlnèrfs statement Since the charity's gross income exceeded £250,0(K> your examiner must be a member ol a body listed In section 145 01 the 2011 Act. I conliim Ihal l am qualified to undertake the èxamination because l arn a rnember ol the Instllute ol Chartered Accountants in England and Waies IICAEWI, which is one of the Ilsled bodies. I have completed my examination. I confimi that no matters ha￿ corne to my attention in connection with the examination giving me ¢ause lo b8lieve'. accounting records were not kept in rgspeci ol the chartty as requlred by sectlon 386 of th& 2006 Act,. or the finan¢ial statemènts do not accord with those record5', Of the financial staternents do not comply with the accounting requirements ol section 396 ot Iha 2006 Act olher than any requirernenl that the account5 give a'true and lairf view which 1$ not a rnattar considered as parl ol an independent examination,. or the financial 5talerneNt5 have not been prepared in accordance with Ihe rnethods and principles ol the Stalern8nt ol Rgcommendèd Practice for accounlino and reporting by chaTlties applicable to ehariti?5 preparing their aecounls in accordance with the Financial Reporting Slan(Jard applicable in the UK and Republic ol Ireland IFRS 1021. Teesside Envlronmental Trust Company Limited by Guarantee Independenl Examiner's Report to the Trustees of Teesslde Environmenlal Trust (CL￿11￿16&) Year ended 31 March 2023 I have fto concerns and have come across no other matters in connection with the exarnination to which attention sho Id b& drawn in this report in ordèr lo enable a proper undèrstanding ol the accounts to bo reached. Graeme Boag8y. FCA Independenl Examiner Chipchase Manners 364 Linthorpe Road Middlesbrough TS5 6HA 1& 5r