TEESSIDE ENVIRONMENTAL TRUST
ANNUAL REPORT 2024
Purpose of Report
To describe the actions and achievements in 2024 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 (10933271. It is governed by its Memorandum of Association (dated 20
th
February 20231 and Articles of Association (dated 20th February 2023) both registered with the
Charity Commission.
Summary of Activity in 2023
1. 2023/2024 had been another successful year for Teesside Environmental Trust ITET). 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
fifteenth year of operation at Saltholme. The re5errfe welcomed its I,000,O(X)th visitor in
March 2024.
2. RSPB Saltholme was visited by 62.585 people during the fiscal year, a 26% improvement on
the previous year. RSPB Saltholme was awarded a Visit England Welcome Award in 2023124
and 3,115 school children visited during the 2023/24 academic year. Teacher satisfaction
leve15 were at an all-time high.
3. With continued financial support from Teesside Environmental Trust the reserve saw further
improvements and development of projects such as the creation of additional wet grassland
habitat. The new boardwalk, giving visitors access to the dragonfly pools (created by TET
funding in 2019), was off icially opened on 24 May 2023. The upgraded play area was
reopened on l April 2023.
4. The annual number of visitors to the reserve for the full calendar yearjanuary to December
2022 was 59,829. For the 'accounting' year April 2023- March 2024 the number was
62,585.
5. We have been collaborating with other partners on associated nature conservation and
enhancement schernes, including the planned habitat creation of extensive wetlands on the
southern boundary of Saltholme to regenerate the environs of Holme Fleet and reduce tidal
flood risk and increase flood resilience to our neighbours. Our principal partners in this
major project are Stockton on Tees Borough Council and the Environmental Agency, with
projected completion in 2026.
6. 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. We are actively working with suitably

qualified specialist consultants to provide drawings and specifications to presenie and
enhance calcareous slag grassland, to remove invasive natural species such as sea buckthorn
and create two of the rare intertidal Tees habitats.
7. TET have commission a wrought iron gate by Architectural blacksmith Brian Russell at the
entrance of the Beardshaw garden at Saltholme reserve to commemorate 25 years of TET.
8. A donation payment of £506279.49 Landfill Tax Credit5 was gratefully received from our
long-term partner and supporter Augean in the period I, January to 31" December 2023
through the agreement the Trust has with the company. £30591.12 of the credits {TET's
'restricted funds,) were used to support the activities nature related for the benefit of
Saltholme and the wider environment.
Develop a pipeline of approved projects
Future activity of Teesside Environmental Trust
North Tees Nature Park projects
Main Actions to be Undertaken in 2024
The major emphasis in 2024 will be to:
Support the RSPB in implementing the five-year management plan for the reserve.
Develop a pipeline of projects that 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 reseNe 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 2023 are contained in the annual accounts filed
with the charity commissioner. There was a balance in the Trust's accounts of £653,652.95
th
unrestricted funds and £851,111.86 restricted funds on 4 April 2024. 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
chariV5 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 2023 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 {al 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 resenie of international 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 reser¥e opened to the public on 21" 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,OC() 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 5UPPOrt and assistance to TET in
achieving its objectives.

COMPANY REGISTRATION NUMBER: 3438389
CHARITY REGISTrATION NUMBER: 1093327
Teesside Environmental Trust
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
HIP
HA
E MANNER
Chartered Accountants
384 Linthorpe Road
Middlesbrough
TS5 6HA

Teesside Envlronmental Trust
Company Limlted by Guarantee
Flnancial Stalements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating th8 directors, report)
Independent examinerfs report to the trustees
Statement of linancial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
Th8 followlng pages do not form part ot the flnan¢lal siatements
Detailed statement of tinancial activities
Notes to the detailed statement of financial activities
18
19

Teesside Environmental Trust
Company Limited by Guarantee
Trustees, Annual Report (Incorporatlng the Directors, Report)
Year ended 31 March 2024
The trustees, who are aL80 the directors lor the purposes Df company law, present their report and the
unauditad financial statern8nts of th8 charity for the y8ar ended 31 March 2024.
Relerence and admlnlstratlve d8talls
Teesslde Envlronmantal Trust
Raglslerod charlty name
Charfty regl*lrallon number
Company reglstratlon numbor 3438389
Prlnclpal offl
15 Sculptor Crescent
Stockton
TS18 3QR
1093327
Roglsterad offlc•
19 Yarm Road
Stockton on Tees
TS18 3NJ
The tn￿885
D Kitchan
K Hissitt
P L Cornes
C Shepherd
R Drinkwater
J Mann
D J Morrls
T Blanchard
A Baker
Borthwick
J Woods
(R8s￿ned 31 August 2023)
{Appointed 5 March 2024)
(Appointed 6 September 2023)
(Appointed 5 September 2023)
{Served from 6 S&ptember 2023
to 5 March 20241
D Braithwaite
Company Secrelary
C Artley
Independffil examlnor
Graeme Boagey, FCA
384 Linthorpe Road
Mlddlesbrough
TS5 6HA

Teesside Environmental Trust
Company Llmited by Guarantee
Trustees, Annual Report (Incorporating the Directors, Report) fcontlnu•d)
Year ended 31 March 2024
Stiuctureg govomanco and manag•ment
Organisational structure
The charlty is constltuted as a limited ty guarantee company, without a share caprtal and is governed
by it5 Memorandum and Articles of Association.
Management
The charity is managed on a day-trday basis by the Trust Administrator. The Trust Board is responslble
for the overall direction and operation of the chartty. li meets lour tlmes a y8ar but thi8 is supplemented
by other m88tings as r8qulred.
Governance and inlernal contrd
The Trust Board has reviewed the major rlsks to which the charfty is exposed and actions hav8 been
taken to mitlgate those risks. Contaminated land insurance tog8ther wilh general insurances, have been
takèn out. In view of chang8S tr> the previous Landlill Tax Credits Scherne. the charity has also secured
fundlng from other sources to support the project.
Objectives and acllvltlos
Charitable Memonards
Thè principal activity of the charity Is th8 development of the nature reseNe at a Site north of the
Clarences, Sto¢kton-on-Tees. The chanty also protects and promotes ihe natural environment through
the provision of nature r8serves, the managernènt ol habitats, the conservation of habitats species,
th6 conservation ot the historic environment and th6 Pfovision of education on the naiural environment.
Public ben8fit objectives
In order to meet its objectives, the charity has incurred a larg8 arnount of éxpendlture on d6v8loping the
site in order to protect Ihe environment. This has enabled a state ot the art wildlifa rgseNe and discovary
park to be built which has been made availabl8 to Ihe general public.
The trustees confirm that they have rèferred to tha guldance contained in the Charity Cornmission's
general guidance on public bonefit when raviewing the Charws aims and objectives and in planning
future conservation projects.

Teesside Envlronmental Trust
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Dlrectors, Report) (¢¥)nllnu￿)
Year ended 31 March 2024
Achlevoments and performance
Review ol activittes and achiavements
202312024 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 thair management and development ol the reserve.
This year landscaping wei grassland was und8rtaken by the RSPB to ralandscape both the wet
grassland and Cowpen South. Both areas provide addÉtlonal wet areas for both wintertng and breeding
waders.
Also to provide better access to wheelchair users and Ihose using scooters a new iouch-button
automated pedestrian gate was installed in tha anti-predator fence.
Teesside Enwronmgntal Trust celebrated 25 years of success in April this year. To rnark this Memorable
occasion a wrought iron gate was designed and built by Architectural blacksmith Brian Russell of Little
Nèwsham Forge and arected in the Bearshaw Gardens at Saltholme.
We have continued to collaborate with other partn8rs on associated nature conservation and
enhancement schemes, including the planned Creatlon of exlensive wetlands on the southern boundary
of Saltholrne to reganerate the environs of Holme Fleet ancl reduce tidal flood risk and create flood
resilience for our neighbours In the Clarences communty. Our principal partners in this major project
ar8 st(￿on on Teas Borough Council and the Environmental Agency, with projected cornpletion in
2026.
All this has been achiev8d by consist8nt SUPFX)rt from truste88 and their endeavours Dn b&hall of the
Trust.
Flnanclal revl
Financial posilion
The accumulated funds * 31 March 2024 were £1,506.896 (2023: £883,910) and the charlty has
adaquatè resources to meet expenditure as it falls due in th8 year commencing 1 April 2024.
Réserves
The charkty receives tax credit Income from a Landfill operator on an annual basls under legal
agroements sign8d wlth the operator. This agreement Is set to last for several years. The scale of warks
to be cafrled out and associated support costs are matched to the Landfill Gommunities Fund resources
r8celved in the previous y&ar.
Small company provlslons
This report has been prepared in accordance wlth the provisions applicable to companies entitted to Ihe
small companies exemption.

Teesside Envlronmental Trust
Company Llmited by Guarantee
Trustees. Annual Report (Incorporatlng the Directors, Report) (conllnu•dJ
Year ended 31 March 2024
The trustees. annual report (incorporatlng the diractors, report) was approved on
and signed on b8halt of th8 board of trustees by:
fbloi170Z4
C Artley
Secretary

Teesside Environmental Trust
Company Limiled by Guarantee
Independent Examlner's Report to the Trustees of Teesslde Environmental
Trust
Year ended 31 March 2024
I report lo the trustees on my axamination of the tinanclal statements of Toessldè Environmental Trust
I'tha charity.) for the year ended 31 March 2024.
Respon•lbllltleg and basls ol r•port
As the Iru8te6s of thè company land also its dlrectors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance wlth the requiraments of Iha
Companies Act 2006 ('th8 2006 ACV).
Having satistlad myself that the a¢¢ounts of the company are not requlred to ba audlted under Part 18
ot the 2006 Act and aro ellgible for Independent examination, I report in rsspect of my examination of
the charity's accounts as carri8d out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In
carrying out my examination I have followed the Dlreciions given by thè Charity Cornmission under
section 145(5llb) ol the 2011 Acl.
Independenl •xamln•r'8 8t•iom•nt
Since the charity's gross incom8 8xc8èded £250,000 your examlner must be a member ol a body Ilsted
in sectlon 145 Df the 2011 Act. I conflrm thal l am qua1rf18d to undertake the examinalion because l am
member ol the Institute ol Chartered Accountants in England and Wales IICAEW), which Is one of the
Ilsted bodles.
I have completed my 8xamlnatlon. I conflm that no matters have come to my attention In conn8cllon
wlth the examlnalion giving me causé to b611ev8:
accounting racords were not kept In respect of the charfty as requlred by sectlon 386 of th
2006 Act, or
the financlal stalements do not accord with those records,. or
th6 linancial statement8 do noi comply wlth tha accounllng requlrem8nts of sectlon 396 of the
2006 Act other than any requlrement that the accounts give a 'lrue and lair. view which is not
mattor considered as part of an independent ex8mination-, or
the financial Slatemonts have not b8en prepared in accordance wlth th8 methodB and
prlnclples ol lh8 Szatement of Recommènded Practice lor accountlng and feportlng by
charilies appllcable to charlti89 preparing thelr accounts in accordance wSth the Flnanclal
Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102).

Teesside Environmental Trust
Company Llmlted by Guarantee
Independent Examiner's Report to the Trustees of Teesslde Envlronmentsl
Trust (eonulw
Year onded 31 March 2024
I hava no concerns and have corne across no other matt8rs in conn8Ctlon wSth the examlnation to whlch
attenlion should bè drawn In thls raport In order to enable a proper undersL2nding of the accounts io be
reached.
Graeme Boagey, FCA
Independènt Examlner
384 Llnthorpe Road
Mlddlesbrough
TS5 6HA
24 Tvly ILIL4

Teesside Environmental Trust
Company Llmlted by Guarantse
ststemenl of Flnanclal Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Reslricted
funds Toial lunds Total funds
2023
Unrestricted
funds
No*•
Incom• and •ndowment8
Voluntary incom8
Investmènt Income
Other Incoming ￿oUrCes
Total In¢om•
506,279
8,203
506,279
15,058
219,883
741,020
339,500
2,377
229,172
6,855
219,683
226,538
514,482
571,049
Expgndllur•
Expenditure on charitable activities
Tot•1 expondlture
(69,562)
(69,562)
{48,635> 1118,197) (593,921)
(48,635> (118,197> (593,921)
Nol In¢om81(oxpondllure) and n•t
movomont In funds
156,976
465,847
622,823
{22,872)
Reconclllallon of funds
Total funds brought torward
Total lund• ¢arrf•d I0￿1rd
499,577
384,333
850,180
883,910
1,506,733
906,782
656,553
883,910
Th8 statèment ol flnanclal activlti@s Includes all gaing and108S88 recognlsed In the yaar.
All Income and expenditura derlve Irom coniinulng actlvitles.
Tho notas on pagej g to 16 forni pArt of Ihme Ilnanclal st•t•ments.

Teesside Environmental Trust
Company Llrnlted by Guarantee
Stalement ol Financial Posltion
31 March 2024
2024
2023
Not•
Current assets
Debtors
Cash at bank and in hand
16
20,818
1,504,793
1,525,611
16,919
882,955
899,874
Credltors: amounis lalllng duo wlthln one yéar
Net current assets
17
(18.8781
1,506,733
1,506.733
1,506,733
(15,964)
883,910
Total a38ets lesj Current Ilabllltlos
Net ass•ts
883,910
883,910
Funds ol the charity
Restricted funds
Unrestricted funds
850,180
656,553
18 1,506.733
384,333
499,577
883,910
Tolal charlty lund8
For tha year ending 31 March 2024 the charity was entitl8d to exemption from audit undèr section 477
of the Companies Act 2006 relating io small companies.
DireGtors' responsibilities:
The memb8rs hav8 nol required the company to obtaln an audtt of its flnancial statements for the
year in questson in accordance with section 476,.
The directors acknowSedgo their responsibiltii8s for cornplying with the r8quirements ol the Act with
respect to accounting fecords and the preparation ol financial staternents.
These financial slatements hav8 been prepared in accordance with thg provlslons applicable to
¢ompaniaS subject to thè small compafties, regime.
These financlal statements were approv8d by the board of trustees and authorised tor issue on
, and are signed on behalf of th8 t￿ard by..
Ib [01 IzoL4
D Kitchen
Trustee
The notss on p8gB• 9 to 16 lorm p•rt of thoso Ilnancl41 •tstemont*.

Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Flnancial Ststements
Year ended 31 March 2024
General Inlormntlon
The charity is a public benefit entity and a private company Ilmlted by guarantee, reglstered In
England and Wales and a registered clwity in England and Wales. The address of registered
office is 19 Yarm Road, Stockton on Tees, TS18 3NJ.
Statoment of compllance
These financial statements have been prepared in compliance with FRS 102, Trie Financlal
Reportlng Standard applicable in Ihe UK and the Republic of Ireland,, the Stalem8nt of
Recornmended Practice applicable lo charlti8s preparing thelr a(xounts in a￿rdance with the
Financial Reporting Standard appllcabl8 in the UK and Rapublic of Ireland (FRS 102) (Charitles
SORP (FRS 102)) and the Cornpanles Act 2008.
Ac¢ounlln9 pollcles
Ba818 of pr•parntlon
Thè linancial statamènts have been prepared on the hlstorral cost basis, as rnodified by the
r8valuation of certaln financial as58ts and liabililies and investment properties measured at fair
value through income or expenditure.
The flnancial stat8ments are prapared in sterting, whlch is the functIor￿1 currency of the entity.
Golng concern
There are no material uncertaintFes about the charity's ability to continue.
Dlsclosure exomptlons
Advantage has been taken of the following disclosure exemptlons available..
No cash flow Statement has been present￿1 for the company.
Judgomenls and kèy sources of 6stlmallon uncertalnty
The preparation of the linancial statements requires management to make judo8ments. estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually r8view8d and are based on éxperience and other fac1ors, includlng expectations of
future events that are b81ieved to ba reasonable under the circumstances.
Fund accountlng
Unrestricted lunds are available lor use at the discretion ol the trustees lo further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the tTUStees for partlcular futurft proj8¢t or
commiimant.
R6strieted funds are subjècted to T8strÈctions on Iheir expenditur8 declared by the donor or through
the terms of an app8al, and fall into one of two sub-classes: re8￿cted income tunds or endowment
furKJs.

Teesside Environmental Trust
Company Limlted by Guaranteg
Notes lo the Financial Ststements Iconllnuod)
Year ended 31 March 2024
Accountlng pollcles (¢Mttnwd)
Incomlng resourcas
All incoming resources are induded in the slatement of financial activitiès when entitlement has
passed to the chafity,. it is probable that the economic benefits associated with the transacts'on will
flow to the charty and the amount can be reliably rneasured. The following specrfi¢ pollcies are
applied lo particular cat8gories of income:
income from donations or grants Is recognised when there13 evidence of entllement to the
gift, receipt is probable and its arnount can be measured reliably.
legacy Income Is recognised wh6n recelpt is probablo and entitlement is ostablEshed.
Income from donated goods ￿ measured at the lair value of the goods unless this is
Impractical to measure reliably, In which case the value is derived trom the cost to the donor
or the estirnated resale value. Donated facilities and seNices are recognised In the accounls
when raceived it the valua can be reliably measured. No arnounts are includad for th8
contrlbution of general volunteers.
incorna from contracts for tha supply ol sèrvices is recognised with the delivery of thé
contracted Service. Thls is classified as unrestricted funds unless there is a contractual
raquirement for it to be spent on a particular purpose aNI returned rf unspent, In which case
it may be regarded as restricted.
Rgsourc8• expènded
ExpendltUTe Is r8cognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully re￿vered, and is classrfied urK*r headings of the statern8nt of financial
actlvtties to whlch It relates:
expenditure on ralsiTVJ funds includes th8 costs of all fundralsing activityos, events, non-
charitable trading a￿1VitIes, and the salè ot donateLI goods.
expendlture on charwle activltles Includes a51 costs Incurreofj by a charity in undertaking
actlvttles that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relatlng to the gov8mance of the charity apportioned to charitable
activities.
other expenditur8 includes all expenditure that Is nellher related to raising funds for the charity
nor part ol its expenditure on charitable activities.
All costs are althated to exp8nditure categories r811eciing the use of the resource. Olrect costs
attributable io a single activity are allocated directly to that activity. Shared costs are apportioned
b8tween th8 activities they contribute io on a r8asonable, justlfiabla and conslstsnt basis.
10

Teesside Envlronmental Trust
Company Limited by Guarantee
Notes to the Financial Statements {conllnu•d)
Year ended 31 March 2024
Accounllng pollcles fc¢Jnttm*d)
Flnanclal In$trum•nt8
A financial asset or a financial liability is recognlsed only when the entty becomas a party to the
contractual provisions ol the instrument.
Basic financial instruments are inltially recognised al the amount receivable or payabl& including
any relaled transaction cogts, unless the arrang8m8nt constitutes a financing transaction, where it
is recognised at Ihe present value of the future payments discounted at a market rate of inter8St
for a slmilar dabl Instrumont.
Current assets and current liabilitles are subsequently Measured at tha cash or other considefatton
&xpected to be paid or received and not tjiscounted.
Llmlted by guarantee
Teesside Environmerrtal Trust Is limited by guarante8 and accordingly doès not have share capilal.
Every membar ol the company undertakes to contribut8 such amount as may be required not
exce8dirKJ £1 to assets of the charitabl8 company in the event of its being wound up whilg he or
shè Is a member, or wlthln one year after he or she ceases to be a rn8mber.
Voluntary Incomo
RestrFCted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
Oonallons
Landfill tax credit income - Augean
506,279
506,279
339,500
339,500
Inve8im8nl Income
Unrestrlcted
Funds
Restricted Tol81 Funds
Funds
2024
Income frorn UK invgstrnent propertles
Bank inlerest receivable
8,203
8,203
15,057
15,058
6,855
Unrestricted
Funds
Rastricted Total Funds
Fundg
2023
Income from UK investment propertles
Bank interest receivable
1,378
1,378
2,376
2,377
11

Teesside Environmental Trust
Company Llmlted by Guarantee
Notes to the Flnanclal Statements fcontlnu•dJ
Year ended 31 March 2024
Othor Incomlng ro8ource8
Unrestricted Total Funda Unrastricted ToLqI Funds
Funds
2024
Funds
2023
Other income
Adminislraiion income
218,751
932
218.751
932
203,134
26,038
229,172
203,134
26,038
229,172
219,683
219.683
8. Expondiiur• on chlrtlable actlvlll•J by fund type
Unrostrlcted
Funds
Reslricted Total Funds
Funds
2024
Charltable activitie8
Support cosis
63,817
5,745
69,562
47,703
932
111,S20
6,677
48,635
118,197
Unrestrlcted
Funds
Regtrlcted Toial Funds
Funds
2028
Charitable actlvitl
SupF)Ort costs
124,757
4,994
129,751
438,132
26.038
$82,889
31,032
593,921
464,170
Exp•ndltur• on charltablo 4cllvlll•* by actlvtty typ•
Actlvitles
undertaken
dlrectty
Support Total fund8
costs
2024
Total fund
2023
Charitable actlvltles
Goveinance costs
111,520
111,520
6,677
118,197
562,889
31,032
593,921
6,677
111.S20
6.677
1Q. Analyslg ot support ¢os18
Analysls of
support Costs Total 2024 Total 2023
6,677
6,6TI
31,032
Governance costs
12

Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Flnanclal Statements (contthu
Year ended 31 March 2024
10. Analysls of gupport CO8lS (¢ondn￿tt)
Unrestricted
tunds
Restricted
funds Total 2024 Total 2023
Insuranc8
Accountancy
Subscriptions
Administration charges
LAndfill tax credit Income - Augean
2,576
1,650
1,519
2,578
1,650
1.519
932
2,072
1,436
1,486
26,038
932
5,745
932
6,677
31,032
11. Taxallon
The chariws activllles lall wÉihin the 8x8mptions afforded by tha proV￿10nS of The Corporation
Taxes Act 2010. Accordingly, there Is no charge in the88 accounts.
12. Indepondeni oumlnatlon fees
2024
2023
Fees payable to th6 independent examiner for:
Independant examination of the financial statements
1,650
1,436
13. siaff costs
No salaries or wages have b&en pald to employees. including the truste8s, during the year. The
average number of employees (including the truslees) during th6 year was 12 (2023: 10).
14. Trustse remuneratlon and exp8nsos
No remuneration or othar benellts from employment with tha Gharity ware receiv8d by the trustees
during the accountlng perlod.
15. Tanglble Ilxgd asBets
The treehold propety owned by Tee8side Environmèntal Trust was olfted to th8 charlty and
theiefore Is induded at nil cost in the accounts. Tha Saltholm8 Réserve which forms the bulk ot
the freehold property Is rented to the RSPB on a long term le&se. As a result of the existing 99
year lease of the land with Ihe RSPB with 85 y8ars18ft to run th9 Trustees have sought informal
advice, but not a fomal valuation, and based on the current RSPB rent valued the land at
£105,000.
13

Teesside Environmental Trust
Company Llmited by Guarantee
Notes to the Financial Statements Iwidnu•dJ
Year ended 31 March 2024
16. Deblors
2024
2023
Trade debtors
Pr8payrnents and accrued income
Other deblors
2,060
18,758
1,967
14,951
20.818
16,919
17. Crndltors: amounts falllng due wlthln ono year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals and dèlerred Incorne
Social securtty and othar taxes
7,006
536
4,724
1,SOO
9,204
15,964
1,6SO
10.204
18,878
1& Analysls of charltable funds
Unrnslrl¢ted funds
Al
31 March 20
24
At
1 April 2023
Income Expenditure
226.538
(69,562>
General lunds
499,5TI
656,553
At
31 March 20
23
At
1 Aprll 2022
Income Expenditure
General funds
399,157
230,171
(129,751)
499,5TI
Purposes ol un￿StrICted funds
The general funds are funds which can be used in accordance wlth the charltable objects at the
dlscretion of th8 tnJste88.
14

Teesside Environmental Trust
Company Llmited by Guarantee
Notes to the Financlal Statements {¢onthiu•d)
Year ended 31 March 2024
18. Analysls ol charltable lunds (confknwd)
Re3trlct•d lurNIs
Al
31 March 20
24
At
l April 2023
Income ExpendFture
Land fill cradlt fund
384,333
514,482
(48,635)
850,180
At
31 March 20
23
At
1 Apfll 2022
Income Expenditure
Land1111 tax credit fund
507,625
340,878
(464,170)
384.333
Purposes of restricted lunds
The Land Flll Tax Credit Fund has been used for the development of The Intarnational Nature
Reserve In the Tees Valley which also contains the Saltholme Wild Bird Discovery Centre.
19. An•lysls ol not assets bgtween lunds
Unrestricted
Funds
Restri¢t8d Total Funds
Funds
2024
Current assets
Credltors less than 1 year
Nel assels
675,431
(18,878)
656.553
850,180
1,525,611
(18,878)
1,506,733
850,180
Unrestricted
Funds
Rostricted Total Funds
Funds
2023
Current ass8ts
Creditors less than 1 year
Nol •8set8
515,541
(15,964)
499,577
384,333
899.874
115,964)
883,910
384.333
20. Flnanclal Instruments
The company has not used any non-basic Ilnancial instruments in tha perS0d.
21. Rdatod partlos
TEf has undertaken a rent revlew In respect of land in its ownership and leased to RSPB. TET
has aoreed on a rent review during the year. lof th8 next four years at less than open market value
as this further promoles the charitable objectiv8s of TET.
15

Teesside Environmental Trust
Company Limlted by Guarantee
Notes to the Flnanclal Statements (c•fttlnu&*)
Year ended 31 March 2024
22. Land leased from Teesslde Envlronmenial Tyusl
Statera Energy, which leases land from Teasside Environmental Trust, is Ilable to make payments
for 25 years which will cover any costs, in addition to costs covared by the decommlssioning b)nds,
to restore the sites. The total paymènts made to 31 March 2024 ar6 held In an escrow account
which has a balance of £34,221 (2023.. £26,299).
16

Teesside Environmental Trust
Company Llmited by Guarantse
Management Information
Year ended 31 March 2024
The lollowlng Pag￿ do nol lorm part ot Ihe Ilnanclal statem8nts.
17

Teesside Environmental Trust
Company Llmited by Guarantee
Detailed Statement ol Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowmonts
Voluntary Income
Landfill tax credit income - Augean
506,279
339,500
In¥￿trn8nt Incom•
Income Irom UK inv8Stment properties
Bank interest recebvable
15,057
2.376
15,058
2,377
Olh8r Incomlng re8ource8
Other income
Adrninlstration Incom8
218,751
932
203,134
26,038
229,172
219,683
Total Income
741,020
571,049
Expendlturo
Expendllure on charltable act￿l11a$
Rent
Rates and watar
Repairs and maintenance
Insurance
Motor vehicle expanses
Legal and wofessional fees
Other ofli¢8 Costs
Subscriptions
(17,112)
(12,086)
(39,361> (438,401)
{36,839)
18.431)
(2.5761
(2,072)
(18,493)
(14,266)
(1,365)
(3,197)
(932) (113,982)
(1,519)
11,486)
(118,197) (593,921)
Total exp6ndllur•
(118,197) (593,921)
Net Incomel(oxpendlturn)
622,￿3
{22.872)
18

Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Detsiled Statement of Flnancial Activities
Year ended 31 March 2024
2024
2023
Expenditure on chariiablo actlvllles
charltab￿ acllvltles
Actlviti8s Undertakl￿ dirnctly
Levy on landfill tax
Site work costs
Administration 8xpenses
L8gal and professional fees
UK entertainment and trustee costs
Statera proj8Ct costs
(17,112)
(12,086)
{39,361) (438,401)
136,839)
(8.431)
(18,493)
<14,2661
28S
(1,761)
(87,944}
1111,520) {562,889)
Govornanc8 costg
Insurance
Accountancy
Administration charges
Subscriptions
12.576)
11 ,6501
(932}
(1,5191
(6,677)
(2,072)
(1,436)
{26,0381
(1,486)
(31,032)
Expendllure on charllable actlvltles
(118,197) {593.921)

COMPANY REGISTRATION NUMBER: 3438389
CHARITY REGISTrATION NUMBER: 1093327
Teesside Environmental Trust
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
HIP
HA
E MANNER
Chartered Accountants
384 Linthorpe Road
Middlesbrough
TS5 6HA

Teesside Envlronmental Trust
Company Limlted by Guarantee
Flnancial Stalements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating th8 directors, report)
Independent examinerfs report to the trustees
Statement of linancial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
Th8 followlng pages do not form part ot the flnan¢lal siatements
Detailed statement of tinancial activities
Notes to the detailed statement of financial activities
18
19

Teesside Environmental Trust
Company Limited by Guarantee
Trustees, Annual Report (Incorporatlng the Directors, Report)
Year ended 31 March 2024
The trustees, who are aL80 the directors lor the purposes Df company law, present their report and the
unauditad financial statern8nts of th8 charity for the y8ar ended 31 March 2024.
Relerence and admlnlstratlve d8talls
Teesslde Envlronmantal Trust
Raglslerod charlty name
Charfty regl*lrallon number
Company reglstratlon numbor 3438389
Prlnclpal offl
15 Sculptor Crescent
Stockton
TS18 3QR
1093327
Roglsterad offlc•
19 Yarm Road
Stockton on Tees
TS18 3NJ
The tn￿885
D Kitchan
K Hissitt
P L Cornes
C Shepherd
R Drinkwater
J Mann
D J Morrls
T Blanchard
A Baker
Borthwick
J Woods
(R8s￿ned 31 August 2023)
{Appointed 5 March 2024)
(Appointed 6 September 2023)
(Appointed 5 September 2023)
{Served from 6 S&ptember 2023
to 5 March 20241
D Braithwaite
Company Secrelary
C Artley
Independffil examlnor
Graeme Boagey, FCA
384 Linthorpe Road
Mlddlesbrough
TS5 6HA

Teesside Environmental Trust
Company Llmited by Guarantee
Trustees, Annual Report (Incorporating the Directors, Report) fcontlnu•d)
Year ended 31 March 2024
Stiuctureg govomanco and manag•ment
Organisational structure
The charlty is constltuted as a limited ty guarantee company, without a share caprtal and is governed
by it5 Memorandum and Articles of Association.
Management
The charity is managed on a day-trday basis by the Trust Administrator. The Trust Board is responslble
for the overall direction and operation of the chartty. li meets lour tlmes a y8ar but thi8 is supplemented
by other m88tings as r8qulred.
Governance and inlernal contrd
The Trust Board has reviewed the major rlsks to which the charfty is exposed and actions hav8 been
taken to mitlgate those risks. Contaminated land insurance tog8ther wilh general insurances, have been
takèn out. In view of chang8S tr> the previous Landlill Tax Credits Scherne. the charity has also secured
fundlng from other sources to support the project.
Objectives and acllvltlos
Charitable Memonards
Thè principal activity of the charity Is th8 development of the nature reseNe at a Site north of the
Clarences, Sto¢kton-on-Tees. The chanty also protects and promotes ihe natural environment through
the provision of nature r8serves, the managernènt ol habitats, the conservation of habitats species,
th6 conservation ot the historic environment and th6 Pfovision of education on the naiural environment.
Public ben8fit objectives
In order to meet its objectives, the charity has incurred a larg8 arnount of éxpendlture on d6v8loping the
site in order to protect Ihe environment. This has enabled a state ot the art wildlifa rgseNe and discovary
park to be built which has been made availabl8 to Ihe general public.
The trustees confirm that they have rèferred to tha guldance contained in the Charity Cornmission's
general guidance on public bonefit when raviewing the Charws aims and objectives and in planning
future conservation projects.

Teesside Envlronmental Trust
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Dlrectors, Report) (¢¥)nllnu￿)
Year ended 31 March 2024
Achlevoments and performance
Review ol activittes and achiavements
202312024 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 thair management and development ol the reserve.
This year landscaping wei grassland was und8rtaken by the RSPB to ralandscape both the wet
grassland and Cowpen South. Both areas provide addÉtlonal wet areas for both wintertng and breeding
waders.
Also to provide better access to wheelchair users and Ihose using scooters a new iouch-button
automated pedestrian gate was installed in tha anti-predator fence.
Teesside Enwronmgntal Trust celebrated 25 years of success in April this year. To rnark this Memorable
occasion a wrought iron gate was designed and built by Architectural blacksmith Brian Russell of Little
Nèwsham Forge and arected in the Bearshaw Gardens at Saltholme.
We have continued to collaborate with other partn8rs on associated nature conservation and
enhancement schemes, including the planned Creatlon of exlensive wetlands on the southern boundary
of Saltholrne to reganerate the environs of Holme Fleet ancl reduce tidal flood risk and create flood
resilience for our neighbours In the Clarences communty. Our principal partners in this major project
ar8 st(￿on on Teas Borough Council and the Environmental Agency, with projected cornpletion in
2026.
All this has been achiev8d by consist8nt SUPFX)rt from truste88 and their endeavours Dn b&hall of the
Trust.
Flnanclal revl
Financial posilion
The accumulated funds * 31 March 2024 were £1,506.896 (2023: £883,910) and the charlty has
adaquatè resources to meet expenditure as it falls due in th8 year commencing 1 April 2024.
Réserves
The charkty receives tax credit Income from a Landfill operator on an annual basls under legal
agroements sign8d wlth the operator. This agreement Is set to last for several years. The scale of warks
to be cafrled out and associated support costs are matched to the Landfill Gommunities Fund resources
r8celved in the previous y&ar.
Small company provlslons
This report has been prepared in accordance wlth the provisions applicable to companies entitted to Ihe
small companies exemption.

Teesside Envlronmental Trust
Company Llmited by Guarantee
Trustees. Annual Report (Incorporatlng the Directors, Report) (conllnu•dJ
Year ended 31 March 2024
The trustees. annual report (incorporatlng the diractors, report) was approved on
and signed on b8halt of th8 board of trustees by:
fbloi170Z4
C Artley
Secretary

Teesside Environmental Trust
Company Limiled by Guarantee
Independent Examlner's Report to the Trustees of Teesslde Environmental
Trust
Year ended 31 March 2024
I report lo the trustees on my axamination of the tinanclal statements of Toessldè Environmental Trust
I'tha charity.) for the year ended 31 March 2024.
Respon•lbllltleg and basls ol r•port
As the Iru8te6s of thè company land also its dlrectors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance wlth the requiraments of Iha
Companies Act 2006 ('th8 2006 ACV).
Having satistlad myself that the a¢¢ounts of the company are not requlred to ba audlted under Part 18
ot the 2006 Act and aro ellgible for Independent examination, I report in rsspect of my examination of
the charity's accounts as carri8d out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In
carrying out my examination I have followed the Dlreciions given by thè Charity Cornmission under
section 145(5llb) ol the 2011 Acl.
Independenl •xamln•r'8 8t•iom•nt
Since the charity's gross incom8 8xc8èded £250,000 your examlner must be a member ol a body Ilsted
in sectlon 145 Df the 2011 Act. I conflrm thal l am qua1rf18d to undertake the examinalion because l am
member ol the Institute ol Chartered Accountants in England and Wales IICAEW), which Is one of the
Ilsted bodles.
I have completed my 8xamlnatlon. I conflm that no matters have come to my attention In conn8cllon
wlth the examlnalion giving me causé to b611ev8:
accounting racords were not kept In respect of the charfty as requlred by sectlon 386 of th
2006 Act, or
the financlal stalements do not accord with those records,. or
th6 linancial statement8 do noi comply wlth tha accounllng requlrem8nts of sectlon 396 of the
2006 Act other than any requlrement that the accounts give a 'lrue and lair. view which is not
mattor considered as part of an independent ex8mination-, or
the financial Slatemonts have not b8en prepared in accordance wlth th8 methodB and
prlnclples ol lh8 Szatement of Recommènded Practice lor accountlng and feportlng by
charilies appllcable to charlti89 preparing thelr accounts in accordance wSth the Flnanclal
Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102).

Teesside Environmental Trust
Company Llmlted by Guarantee
Independent Examiner's Report to the Trustees of Teesslde Envlronmentsl
Trust (eonulw
Year onded 31 March 2024
I hava no concerns and have corne across no other matt8rs in conn8Ctlon wSth the examlnation to whlch
attenlion should bè drawn In thls raport In order to enable a proper undersL2nding of the accounts io be
reached.
Graeme Boagey, FCA
Independènt Examlner
384 Llnthorpe Road
Mlddlesbrough
TS5 6HA
24 Tvly ILIL4

Teesside Environmental Trust
Company Llmlted by Guarantse
ststemenl of Flnanclal Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Reslricted
funds Toial lunds Total funds
2023
Unrestricted
funds
No*•
Incom• and •ndowment8
Voluntary incom8
Investmènt Income
Other Incoming ￿oUrCes
Total In¢om•
506,279
8,203
506,279
15,058
219,883
741,020
339,500
2,377
229,172
6,855
219,683
226,538
514,482
571,049
Expgndllur•
Expenditure on charitable activities
Tot•1 expondlture
(69,562)
(69,562)
{48,635> 1118,197) (593,921)
(48,635> (118,197> (593,921)
Nol In¢om81(oxpondllure) and n•t
movomont In funds
156,976
465,847
622,823
{22,872)
Reconclllallon of funds
Total funds brought torward
Total lund• ¢arrf•d I0￿1rd
499,577
384,333
850,180
883,910
1,506,733
906,782
656,553
883,910
Th8 statèment ol flnanclal activlti@s Includes all gaing and108S88 recognlsed In the yaar.
All Income and expenditura derlve Irom coniinulng actlvitles.
Tho notas on pagej g to 16 forni pArt of Ihme Ilnanclal st•t•ments.

Teesside Environmental Trust
Company Llrnlted by Guarantee
Stalement ol Financial Posltion
31 March 2024
2024
2023
Not•
Current assets
Debtors
Cash at bank and in hand
16
20,818
1,504,793
1,525,611
16,919
882,955
899,874
Credltors: amounis lalllng duo wlthln one yéar
Net current assets
17
(18.8781
1,506,733
1,506.733
1,506,733
(15,964)
883,910
Total a38ets lesj Current Ilabllltlos
Net ass•ts
883,910
883,910
Funds ol the charity
Restricted funds
Unrestricted funds
850,180
656,553
18 1,506.733
384,333
499,577
883,910
Tolal charlty lund8
For tha year ending 31 March 2024 the charity was entitl8d to exemption from audit undèr section 477
of the Companies Act 2006 relating io small companies.
DireGtors' responsibilities:
The memb8rs hav8 nol required the company to obtaln an audtt of its flnancial statements for the
year in questson in accordance with section 476,.
The directors acknowSedgo their responsibiltii8s for cornplying with the r8quirements ol the Act with
respect to accounting fecords and the preparation ol financial staternents.
These financial slatements hav8 been prepared in accordance with thg provlslons applicable to
¢ompaniaS subject to thè small compafties, regime.
These financlal statements were approv8d by the board of trustees and authorised tor issue on
, and are signed on behalf of th8 t￿ard by..
Ib [01 IzoL4
D Kitchen
Trustee
The notss on p8gB• 9 to 16 lorm p•rt of thoso Ilnancl41 •tstemont*.

Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Flnancial Ststements
Year ended 31 March 2024
General Inlormntlon
The charity is a public benefit entity and a private company Ilmlted by guarantee, reglstered In
England and Wales and a registered clwity in England and Wales. The address of registered
office is 19 Yarm Road, Stockton on Tees, TS18 3NJ.
Statoment of compllance
These financial statements have been prepared in compliance with FRS 102, Trie Financlal
Reportlng Standard applicable in Ihe UK and the Republic of Ireland,, the Stalem8nt of
Recornmended Practice applicable lo charlti8s preparing thelr a(xounts in a￿rdance with the
Financial Reporting Standard appllcabl8 in the UK and Rapublic of Ireland (FRS 102) (Charitles
SORP (FRS 102)) and the Cornpanles Act 2008.
Ac¢ounlln9 pollcles
Ba818 of pr•parntlon
Thè linancial statamènts have been prepared on the hlstorral cost basis, as rnodified by the
r8valuation of certaln financial as58ts and liabililies and investment properties measured at fair
value through income or expenditure.
The flnancial stat8ments are prapared in sterting, whlch is the functIor￿1 currency of the entity.
Golng concern
There are no material uncertaintFes about the charity's ability to continue.
Dlsclosure exomptlons
Advantage has been taken of the following disclosure exemptlons available..
No cash flow Statement has been present￿1 for the company.
Judgomenls and kèy sources of 6stlmallon uncertalnty
The preparation of the linancial statements requires management to make judo8ments. estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually r8view8d and are based on éxperience and other fac1ors, includlng expectations of
future events that are b81ieved to ba reasonable under the circumstances.
Fund accountlng
Unrestricted lunds are available lor use at the discretion ol the trustees lo further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the tTUStees for partlcular futurft proj8¢t or
commiimant.
R6strieted funds are subjècted to T8strÈctions on Iheir expenditur8 declared by the donor or through
the terms of an app8al, and fall into one of two sub-classes: re8￿cted income tunds or endowment
furKJs.

Teesside Environmental Trust
Company Limlted by Guaranteg
Notes lo the Financial Ststements Iconllnuod)
Year ended 31 March 2024
Accountlng pollcles (¢Mttnwd)
Incomlng resourcas
All incoming resources are induded in the slatement of financial activitiès when entitlement has
passed to the chafity,. it is probable that the economic benefits associated with the transacts'on will
flow to the charty and the amount can be reliably rneasured. The following specrfi¢ pollcies are
applied lo particular cat8gories of income:
income from donations or grants Is recognised when there13 evidence of entllement to the
gift, receipt is probable and its arnount can be measured reliably.
legacy Income Is recognised wh6n recelpt is probablo and entitlement is ostablEshed.
Income from donated goods ￿ measured at the lair value of the goods unless this is
Impractical to measure reliably, In which case the value is derived trom the cost to the donor
or the estirnated resale value. Donated facilities and seNices are recognised In the accounls
when raceived it the valua can be reliably measured. No arnounts are includad for th8
contrlbution of general volunteers.
incorna from contracts for tha supply ol sèrvices is recognised with the delivery of thé
contracted Service. Thls is classified as unrestricted funds unless there is a contractual
raquirement for it to be spent on a particular purpose aNI returned rf unspent, In which case
it may be regarded as restricted.
Rgsourc8• expènded
ExpendltUTe Is r8cognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully re￿vered, and is classrfied urK*r headings of the statern8nt of financial
actlvtties to whlch It relates:
expenditure on ralsiTVJ funds includes th8 costs of all fundralsing activityos, events, non-
charitable trading a￿1VitIes, and the salè ot donateLI goods.
expendlture on charwle activltles Includes a51 costs Incurreofj by a charity in undertaking
actlvttles that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relatlng to the gov8mance of the charity apportioned to charitable
activities.
other expenditur8 includes all expenditure that Is nellher related to raising funds for the charity
nor part ol its expenditure on charitable activities.
All costs are althated to exp8nditure categories r811eciing the use of the resource. Olrect costs
attributable io a single activity are allocated directly to that activity. Shared costs are apportioned
b8tween th8 activities they contribute io on a r8asonable, justlfiabla and conslstsnt basis.
10

Teesside Envlronmental Trust
Company Limited by Guarantee
Notes to the Financial Statements {conllnu•d)
Year ended 31 March 2024
Accounllng pollcles fc¢Jnttm*d)
Flnanclal In$trum•nt8
A financial asset or a financial liability is recognlsed only when the entty becomas a party to the
contractual provisions ol the instrument.
Basic financial instruments are inltially recognised al the amount receivable or payabl& including
any relaled transaction cogts, unless the arrang8m8nt constitutes a financing transaction, where it
is recognised at Ihe present value of the future payments discounted at a market rate of inter8St
for a slmilar dabl Instrumont.
Current assets and current liabilitles are subsequently Measured at tha cash or other considefatton
&xpected to be paid or received and not tjiscounted.
Llmlted by guarantee
Teesside Environmerrtal Trust Is limited by guarante8 and accordingly doès not have share capilal.
Every membar ol the company undertakes to contribut8 such amount as may be required not
exce8dirKJ £1 to assets of the charitabl8 company in the event of its being wound up whilg he or
shè Is a member, or wlthln one year after he or she ceases to be a rn8mber.
Voluntary Incomo
RestrFCted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
Oonallons
Landfill tax credit income - Augean
506,279
506,279
339,500
339,500
Inve8im8nl Income
Unrestrlcted
Funds
Restricted Tol81 Funds
Funds
2024
Income frorn UK invgstrnent propertles
Bank inlerest receivable
8,203
8,203
15,057
15,058
6,855
Unrestricted
Funds
Rastricted Total Funds
Fundg
2023
Income from UK investment propertles
Bank interest receivable
1,378
1,378
2,376
2,377
11

Teesside Environmental Trust
Company Llmlted by Guarantee
Notes to the Flnanclal Statements fcontlnu•dJ
Year ended 31 March 2024
Othor Incomlng ro8ource8
Unrestricted Total Funda Unrastricted ToLqI Funds
Funds
2024
Funds
2023
Other income
Adminislraiion income
218,751
932
218.751
932
203,134
26,038
229,172
203,134
26,038
229,172
219,683
219.683
8. Expondiiur• on chlrtlable actlvlll•J by fund type
Unrostrlcted
Funds
Reslricted Total Funds
Funds
2024
Charltable activitie8
Support cosis
63,817
5,745
69,562
47,703
932
111,S20
6,677
48,635
118,197
Unrestrlcted
Funds
Regtrlcted Toial Funds
Funds
2028
Charitable actlvitl
SupF)Ort costs
124,757
4,994
129,751
438,132
26.038
$82,889
31,032
593,921
464,170
Exp•ndltur• on charltablo 4cllvlll•* by actlvtty typ•
Actlvitles
undertaken
dlrectty
Support Total fund8
costs
2024
Total fund
2023
Charitable actlvltles
Goveinance costs
111,520
111,520
6,677
118,197
562,889
31,032
593,921
6,677
111.S20
6.677
1Q. Analyslg ot support ¢os18
Analysls of
support Costs Total 2024 Total 2023
6,677
6,6TI
31,032
Governance costs
12

Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Flnanclal Statements (contthu
Year ended 31 March 2024
10. Analysls of gupport CO8lS (¢ondn￿tt)
Unrestricted
tunds
Restricted
funds Total 2024 Total 2023
Insuranc8
Accountancy
Subscriptions
Administration charges
LAndfill tax credit Income - Augean
2,576
1,650
1,519
2,578
1,650
1.519
932
2,072
1,436
1,486
26,038
932
5,745
932
6,677
31,032
11. Taxallon
The chariws activllles lall wÉihin the 8x8mptions afforded by tha proV￿10nS of The Corporation
Taxes Act 2010. Accordingly, there Is no charge in the88 accounts.
12. Indepondeni oumlnatlon fees
2024
2023
Fees payable to th6 independent examiner for:
Independant examination of the financial statements
1,650
1,436
13. siaff costs
No salaries or wages have b&en pald to employees. including the truste8s, during the year. The
average number of employees (including the truslees) during th6 year was 12 (2023: 10).
14. Trustse remuneratlon and exp8nsos
No remuneration or othar benellts from employment with tha Gharity ware receiv8d by the trustees
during the accountlng perlod.
15. Tanglble Ilxgd asBets
The treehold propety owned by Tee8side Environmèntal Trust was olfted to th8 charlty and
theiefore Is induded at nil cost in the accounts. Tha Saltholm8 Réserve which forms the bulk ot
the freehold property Is rented to the RSPB on a long term le&se. As a result of the existing 99
year lease of the land with Ihe RSPB with 85 y8ars18ft to run th9 Trustees have sought informal
advice, but not a fomal valuation, and based on the current RSPB rent valued the land at
£105,000.
13

Teesside Environmental Trust
Company Llmited by Guarantee
Notes to the Financial Statements Iwidnu•dJ
Year ended 31 March 2024
16. Deblors
2024
2023
Trade debtors
Pr8payrnents and accrued income
Other deblors
2,060
18,758
1,967
14,951
20.818
16,919
17. Crndltors: amounts falllng due wlthln ono year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals and dèlerred Incorne
Social securtty and othar taxes
7,006
536
4,724
1,SOO
9,204
15,964
1,6SO
10.204
18,878
1& Analysls of charltable funds
Unrnslrl¢ted funds
Al
31 March 20
24
At
1 April 2023
Income Expenditure
226.538
(69,562>
General lunds
499,5TI
656,553
At
31 March 20
23
At
1 Aprll 2022
Income Expenditure
General funds
399,157
230,171
(129,751)
499,5TI
Purposes ol un￿StrICted funds
The general funds are funds which can be used in accordance wlth the charltable objects at the
dlscretion of th8 tnJste88.
14

Teesside Environmental Trust
Company Llmited by Guarantee
Notes to the Financlal Statements {¢onthiu•d)
Year ended 31 March 2024
18. Analysls ol charltable lunds (confknwd)
Re3trlct•d lurNIs
Al
31 March 20
24
At
l April 2023
Income ExpendFture
Land fill cradlt fund
384,333
514,482
(48,635)
850,180
At
31 March 20
23
At
1 Apfll 2022
Income Expenditure
Land1111 tax credit fund
507,625
340,878
(464,170)
384.333
Purposes of restricted lunds
The Land Flll Tax Credit Fund has been used for the development of The Intarnational Nature
Reserve In the Tees Valley which also contains the Saltholme Wild Bird Discovery Centre.
19. An•lysls ol not assets bgtween lunds
Unrestricted
Funds
Restri¢t8d Total Funds
Funds
2024
Current assets
Credltors less than 1 year
Nel assels
675,431
(18,878)
656.553
850,180
1,525,611
(18,878)
1,506,733
850,180
Unrestricted
Funds
Rostricted Total Funds
Funds
2023
Current ass8ts
Creditors less than 1 year
Nol •8set8
515,541
(15,964)
499,577
384,333
899.874
115,964)
883,910
384.333
20. Flnanclal Instruments
The company has not used any non-basic Ilnancial instruments in tha perS0d.
21. Rdatod partlos
TEf has undertaken a rent revlew In respect of land in its ownership and leased to RSPB. TET
has aoreed on a rent review during the year. lof th8 next four years at less than open market value
as this further promoles the charitable objectiv8s of TET.
15

Teesside Environmental Trust
Company Limlted by Guarantee
Notes to the Flnanclal Statements (c•fttlnu&*)
Year ended 31 March 2024
22. Land leased from Teesslde Envlronmenial Tyusl
Statera Energy, which leases land from Teasside Environmental Trust, is Ilable to make payments
for 25 years which will cover any costs, in addition to costs covared by the decommlssioning b)nds,
to restore the sites. The total paymènts made to 31 March 2024 ar6 held In an escrow account
which has a balance of £34,221 (2023.. £26,299).
16

Teesside Environmental Trust
Company Llmited by Guarantse
Management Information
Year ended 31 March 2024
The lollowlng Pag￿ do nol lorm part ot Ihe Ilnanclal statem8nts.
17

Teesside Environmental Trust
Company Llmited by Guarantee
Detailed Statement ol Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowmonts
Voluntary Income
Landfill tax credit income - Augean
506,279
339,500
In¥￿trn8nt Incom•
Income Irom UK inv8Stment properties
Bank interest recebvable
15,057
2.376
15,058
2,377
Olh8r Incomlng re8ource8
Other income
Adrninlstration Incom8
218,751
932
203,134
26,038
229,172
219,683
Total Income
741,020
571,049
Expendlturo
Expendllure on charltable act￿l11a$
Rent
Rates and watar
Repairs and maintenance
Insurance
Motor vehicle expanses
Legal and wofessional fees
Other ofli¢8 Costs
Subscriptions
(17,112)
(12,086)
(39,361> (438,401)
{36,839)
18.431)
(2.5761
(2,072)
(18,493)
(14,266)
(1,365)
(3,197)
(932) (113,982)
(1,519)
11,486)
(118,197) (593,921)
Total exp6ndllur•
(118,197) (593,921)
Net Incomel(oxpendlturn)
622,￿3
{22.872)
18

Teesside Environmental Trust
Company Limited by Guarantee
Notes to the Detsiled Statement of Flnancial Activities
Year ended 31 March 2024
2024
2023
Expenditure on chariiablo actlvllles
charltab￿ acllvltles
Actlviti8s Undertakl￿ dirnctly
Levy on landfill tax
Site work costs
Administration 8xpenses
L8gal and professional fees
UK entertainment and trustee costs
Statera proj8Ct costs
(17,112)
(12,086)
{39,361) (438,401)
136,839)
(8.431)
(18,493)
<14,2661
28S
(1,761)
(87,944}
1111,520) {562,889)
Govornanc8 costg
Insurance
Accountancy
Administration charges
Subscriptions
12.576)
11 ,6501
(932}
(1,5191
(6,677)
(2,072)
(1,436)
{26,0381
(1,486)
(31,032)
Expendllure on charllable actlvltles
(118,197) {593.921)