Trustees’ Annual Report for the period
From 01/04/2024 To 31/03/2025
Charity name: Teesside Environmental Trust
Charity registration number: 1093327
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment, and to advance the education of the public in the conservation, protection and improvement of the physical and natural environment. The Charity's objects are set out at clause 2.1 of its articles of association. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The principal activity is the completion of creating a nature reserve of international importance at Saltholme, Port Clarence with access to the general public. In the year our main endeavours have been: - Conservation and habitat enhancement funded by DEFRA Green Finance initiative and managed by Stockton Borough Council. The southern area flanked by the Holme Fleet will comprise wetlands to increase flood resilience and reduce tidal risk for our neighbours who live in Port Clarence. The creation of one of the rarest forms of habitat, intertidal, on steel works slag adjacent to The River Tees funded and managed by The Environmental Agency. Creation of the area of Saltholme adjacent to the south boundary of Cowpen Bewley village to rewild the area. This involves wetlands, enhanced habitat and conservation |
| of hedges. The reserve area open to the public has been developed and enhanced for nature conservation since 1998 we have strived to improve access and facilities for individuals with disabilities. We have focused on raising awareness around accessibility and inclusiveness for individuals with disabilities. We have purchased two mobility scooters, included and maintained good quality foot paths and are to improve our toilet facilities including a specialist Changing Places facility. Further develop our relationship with High Clarence School and assist them to establish an all- weather football pitch |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Trustees comply with the Charity Commission guidance on public benefit. TETs vision to increase the number of visitors, education for school children and deprived post codes and a changing places facility is planned. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | All grant aid must follow TETs procedures, protocols and provide full adequate information for an informed decision to be made. All grant aid must meet our Memonards and visions are to be for the benefit of Saltholme |
| Policy on social investment including program related investment |
Para 1.38 | Our visitor centre and nature reserve is designed to offer something for all people. This varies from a new playground to specific habitat to increase numbers and varieties of flora and fauna. We comply with a Sustainability Policy in commissioning new works varying from the use of recycled aggregates to PV panels to generate electricity. |
| Contribution made by volunteers |
Para 1.38 | Whilst TET Trustees are unpaid volunteers TET does not utilise volunteers as RSPB has over two hundred volunteers who are actively involved in Saltholme and without those skills and expertise we could not achieve our objectives. |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The main achievement of TET has been the creation of a nature reserves of national importance at Saltholme. The visitor centre allows 364-day usage a year particularly during inclement weather. Whilst the RSPB Education Programme has 3-4000 school children TET is to commit further financial support to increase this number to 5000 using a new model that is currently being trialled by the RSPB. We have with RSPB recently undertaken improved facilities for disabled and disadvantaged people. This includes a changing places facility, better wide and additional footpaths, provision of wellingtons, purchase of two mobility scooters and universal signage. |
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
TET has a ten-year vision which is supplemented by a five-year plan for Saltholme prepared by RSPB and approved by TET. TET monitors out turn achievements against objectives which are annually reviewed, revised and updated. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | TET carefully monitors capital expenditure against income required. If we have a shortfall, we do not commission a project. |
| Investment performance against objectives |
Para 1.41 | We are reviewing our investment of reserves with our professional advisors Geo F White. |
| Other | Continue to develop relationships with High Clarence School and assistance to construct an all-weather football pitch facilities based on pitch funding by the Football Foundation. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The accumulated funds on 31 March 2025 were £2,048,385 (2023: 1,506,896) and the Charity has adequate resources to meet expenditure as it falls due in the year commencing 1 April 2025. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | The Charity receives tax credit income from a Landfill Community Fund on an annual basis under legal agreements signed with the Landfill Augean operator also annual rent on a 25 year lease from Statera. This agreement is set to expire in 2026/27. 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. |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
The Charitys principle sources of financial funding are The Landfill Community Fund, The Statera Energy lease payments and wayleave and easement payments. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | TETs driver for social investment is an improved offer for the visitors at Saltholme, education programme and facilities for disadvantaged members of society. |
| A description of the principal risks facing the charity |
Para 1.46 | Principal risk to TET is any changes to our principal provider of funds the Landfill Community Fund. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Articles of Association. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable company. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Any person who is willing to act as a Director and Trustee, and who is permitted by law to do so, may be appointed to be a director and Trustee by resolution of the existing directors/trustees. TET has a Prospective Trustee Information Pack, which all potential Trustees receive. If the person wishes to proceed standard templates are completed. These are analysed and TETs Trust Administrator prepares an analysis and recommendations for the TET Board. Before approval a Trustee meets and undertakes an interview and makes a recommendation to the TET Board. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The new Trustees undertake a structured induction which emphasises the ethos, standards, rules and regulations and all moral and legal obligations. This is followed by a very informal meeting with Trustees over a cup of coffee |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | TET has a Board of Trustees with an elected Chair. The day-to-day running is by the Trust administrator whose endeavours are supported by specific specialist professional advisors such as Ward Hadaway (Legal) Chipchase Manners (Accountants) and Geo F White (Chartered Surveyors) |
| Relationship with any related parties |
Para 1.51 | Our three main relationships with third parties are RSPB, ADEB, Entrust, The Environment Agency and Natural England. |
| Other |
Reference and Administrative details
| Charity name | Teesside Environmental Trust |
|---|---|
| Other name the charity uses | TET |
| Registered charity number | 1093327 |
| Charity’s principal address | 19 Yarm Road, Stockton On Tees, Cleveland, TS18 3NJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Dr Ambroise Baker | ||||
| TerryBlanchard | ||||
| Robert Borthwick | ||||
| Richard Drinkwater | ||||
| Keith Hissitt | ||||
| David Kitchen | Chair | |||
| John Woods | ||||
– Corporate trustees names of the directors at the date the report was approved Director name David Kitchen Robert Borthwick Terry Blanchard
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| None | ||
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and | addresses of advisers (Optional information) | addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser |
Name Address |
|
| Chartere d Surveyor s |
Geo F White | |
| Legal | Ward Hadaway | |
| Accounta nts |
Chipchase Manners | |
Name of chief executive or names of senior staff members (Optional information)
Caitlin Artley – Trust Administrator
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) David Kitchen Position (eg Secretary, Chair Chair, etc) Date
COMPANY REGISTRATION NUMBER: 3438389 CHARITY REGISTRATION NUMBER: 1093327 Teesside Environmental Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 HIP HA E MANNER Chartered Accountants 384 Linth0e Road Middlesbrough TS5 6HA
Teesside Environmental Trust Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directors, report) Independent examinevs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The followlng pages do not form part of the tinancial statements Detailed statement of financial activities 17 Notes to the detailed statement of financial activilies 18
Teesside Environmental Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnistrative detalls Regislered ¢harfty name Teesside Environmental Trust Charity reglstratlon number 1093327 Company reglstratlon number 3438389 19 Yarm Road Slockton-on-Tees TS18 3NJ Prlnclpal offlc8 Registerod off Ice 19 Yarm Road Stockton on Tees TS18 3NJ Tho trustees D Kitchen K Hissitt P L Cornes C Shepherd R Drinkwaler D J Morris T Blanchard A Baker R Borthwick J Woods (Resigned 9 Septèmber 20251 (Resigned 28 July 2025) (Resigned 27 June 2024) {Resigned 27 July 2025) Company secrthary C Artley Ind8p8ndent examlner Martin Firth. FCA
Teesside Environmental Trust Company Limited by Guarantee Truslees, Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 March 2025 Structure. governance and management Organisational structure The Charity is constituted as a limited by guarantee company. without a share capital and is governed by its Memorandum and Articles of Association. Management The Charity is managed on a day-to-day basis by the Trust Administrator. The Trust Board is responsible for the overall direction and operation of the Charity. It meets four times a year. but this is SLJpplemented by other meetings as required lor good governance. Governance and internal control The Trust Board has reviewed the major risks to which the Charity is exposed. and actions hava been taken to mitigate those risks. General insurances are in place in accordance with advice from our insurance brokers. In view of changes to the previous Landfill Tax Credits Scheme to The Landfill Community Fund Scheme, the Charity has also secured funding from other sources to support nature Conservation and Charrties endeavours. ObJectlva8 and actlvltles Charitable Memonards The principal activity of the Charity is Ihe development of a nature reserve of Internation importance on land it owns at Port Clarence know as RSPB Sallholme, Stockton-on-Tees. The Charity also protects and promotes the natural environment through creation and management of habitats notiably wetlands and increase the flora and fauna. The provision of education on the natural environment to school children and residents of Teesside. Public benefit objeclives In order to meet rts objectives, the Charity has invested a large amount of expenditure on developing the nature reserve in order to protect and improv6 the environment. This has enabled a state-of-the-art wildlife r8serve and discovery park to be completed which has been made available to the general public. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning luture conservation projects.
Teesside Environmental Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the D1CtOrS. Report) (contlnued) Year ended 31 March 2025 Achlevemenls and perfomlance Review of activities and achievemenls 202412025 has been another successful year for Teesside Environmental Trust. Our primary focus has remained the Saltholme Nature Reserve, where we continued to financially support our partners, the RSP8, in their management operation and development of the reserve. TET continued to provide financial support to RSPB to support further development of the Saltholme Nature Reserve Ihese include: _ Marketing Costs - £1.847.05 Senior Project Manager - £39,501.88 Visitor Centre Meeting Room - £5,000.00 New Tern Island al Saltholme - £9,885.67 In FY 202412025 the Charilies main endeavours were a DEFRA Green Finance Initiative funded project called Tees Tidelands Port Clarence. The project was on land owned by the Charity but managed by Stockton-on-Teea Borough Council to create wetlands and associated habitats to increase flood resilience. This project was unilaterally cancelled by Stockton Council due to the uncertainty of future funding. The Charty is exploring alternativ8 ways to complete this project. The Charitls other endeavours were the Tees Tidelands North Tees Nature Park project on land owned by the Charity on the Tees estuary. The project was led and managed by the Environment Agency and cancelled due to lailure to achieve the EA'S outturn targets. However, the {ask dkl wera achieved. This year landscaping wel grassland was undertaken by the RSPB to relandscape both the wet grassland and rebuilding al Saltholme North. These areas provide additional wet areas for both wintering and breeding waders. In order to provide better access to wheelchair users and those using mobility scooters a new touch- button automated pedestrian gate was insta118d in the anti-predator fence. The Charity also funded the purchase of two mobility scooters for by visitors and are planning changing and toilet upgraded facililies. Teesside Environmental Trust celebrated 25 years of success in April 2024. To mark Ihis memorable occasion a wrought iron gate was designed and fabricated by Archtlectural Blacksmith Brian Russell of Little Newsham Forge and erected at the entrance to Beardshaw Gardens at Saltholme. The Charity have continued to collaborate with other partners on associaled nalure conservation and habital enhancemenl schemes, including ihe planned creation of extensive wellands on the soulhern boundary ol Saltholme lo regenerate the environs of Holme Fleet and reduce tidal flood risk and create flood resilience for our neighbours in the Clarences communty. All this has been achieved by consistent support from Trustees and who have given their time, support and expertise freely to achieve the Charrtvs endeavours on behalf of the Tnjst and the generous financial support of Stalera and AugeanlAnclara Fiera.
Teesside Environmental Trust Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 March 2025 Flnanclal revlew Financial posilion The accumulated funds on 31 March 2025 were £2,048.385 {2024'. 1,506,896) and the Charity has adequate resources to meel expenditure as tt falls due in the year commencing 1 April 2025. Reserves The Charity receives tax credil income from a Landfill Community Fund on an annual basis under legal agreements signed with the Landfill Augean operator also annual rent on a 25 year lease from Statera. This agreemenl is sel to expire in 2026127. 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 provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to th8 small companies exemption. The trustees, annual report {incorporatlng the directors, report) was approved on 9 September 2025 and signed on behalf of the board of trustees by: C Artley Secretary
Teesside Environmental Trust Company Limlted by Guarantee Independent Examiner's Report to the Trustees of Teesside Environmental Trust Year ended 31 March 2025 I report to the trustees on my examination of the financial slatemenls of Teesside Environmental Trust I'the charity,) for the year ended 31 March 2025. Responslbllllles and basls of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible lor the preparation of the financial stalements in accordance with the requirements of the Companies Act 20061'the 2006 Act.). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Chartties Act 2011 ('the 2011 Act'l. In carrying oul my examinalion I have followed the Directions given by the Charity Commission under seclion 14515)Ib) of the 2011 Act. Independent examiner's Slalement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body list8d in section 145 of the 2011 Act. I confirm that l am qualified to undertak8 the examination because l am a member of Ihe Institute of Chartered Accountants In England and Wales {ICAEWI, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection wilh the examination giving me cause lo believe: accounting records were not kept in respect of the charrty as required by section 386 of th8 2006 Acl; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act olher than any requiremenl that the accounts give a'true and fairf view which is not a matter considered as part of an irKlependent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Flecommended Prath'ce for accounting and r8porting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with Ihe examinalion lo which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. Martln Flrth. FCA Independent Examiner 09 September 2025
Teesside Environmental Trust Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted lunds Noto Income and endowments Voluntary income Investment income Other incoming resources Tolal Income 437,309 16,758 437,309 252,810 3,087 506,279 228,150 6.591 236.052 3.087 239.139 454.067 693,206 741,020 Expenditure Expenditure on charitable activities Tolal expendlture {127.0871 {127,087} (24,467) {151,5541 {118,197) {24,467) 1151.554) {118,197) Nel In¢om6 and net movemènt In funds 112,052 429,600 541.652 622,823 Reconclllaiion of funds Total funds brought forward Totsl funds carrled lorward 656.553 768,605 850,180 1.279.780 1,506,733 2,048,385 883,910 1,506,733 The statement of financial activities includes all gains and losses recognised in the year. All income and 8xpenditur6 d8rive from conlinuing aclivities. The noles on pages 8 to 15 fomi part ot Ihese tinancial statements.
Teesside Environmental Trust Company Limited by Guarantee Stalemenl of Financial Position 31 March 2025 2025 2024 Nole Current assets Debtors Cash at bank and in hand 16 20,303 2,049.943 20,818 1,504,793 2.070,246 1.525,611 Creditors: amounts falling due wllhln one year Nel current assets 17 {21,861} 2,048,385 2,048.385 118,878) 1,506,733 1,506.733 1,506,733 Total assets less current liabilities Net assets 2,048.385 Funds of the charity Restricted funds Unreslricled funds 1,279,780 768.605 850,180 656.553 Tolal charlty lunds 18 2,048,385 1,506.733 For the year ending 31 March 2025 the charity was entitled to exempts'on from audit under section 477 of the Companies Act 2006 relating to small companies. Direclors, 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 accounling records and Ihe preparation ol 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 w8r8 approv8d by the board of trustees and authorised for issue on 9 Seplember 2025, and are signed on behalf of Ihe board by: D Kitchen Trustee The notes on pages 8 to 15 torni part ol Ihese flnanclal statement8.
Teesside Environmental Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General Intorniatlon The charity is a public benefit entty and a prlvate company limiled by guarantee, registered in England and Wales and a regislered charity in England and Wales. The address of Ihe registered office is 19 Yarm Road. Stockton on Tees, TS18 3NJ. Statement of compllanco These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recomm8nded Practice applicable lo charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP {FRS 102)} and the Compani8s Act 2006. Accounting polici08 Basls of preparatlon The financial statemenls have been prepared on the historical cost basis, as modilied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the funciional currency of the entity. Going con¢ern There are no material uncertainties about the charitys ability to continue. Dlsclo8ure •x8mptlong Advantage has been taken ol the following disclosure exefflptions available: No cash flow statement has been presented for the company. Judgements and key sour¢ès of estlmatlon uncertalnty The preparation of the financial statements requires managament to make judgements, eslimates and assumptions that affect the amounts reported. These estimates and judgements are conlinually reviewed and are based on experience and olher factors. including expeclations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charty's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes- reslricled income funds or endowment funds.
Teesside Environmental Trust Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accountlng pollcles (contlnuedj Incoming rasourcos All incoming resources are included in the statement of financial aclivities when entitlement has passed to the charity- it is probable that the economic benefits associated wilh Ihe transaction will flow to the charity and the amount can be reliably measured. Tha lollowing specific policies are applied lo particular Categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impraciical io measure reliably, in which case the value is derived from Ihe cost to the donor or the estimated resale value. Donaled facilities and services are recognised in the accounls when received il the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracls for the supply of services is recognised with the delivery of the conlracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spenl on a particular purpose and returned if unspent, in which case it may be r8garded as restricted. Resources expended Expendlture Is recognised on an accwals basis as a liability is incurred. Expanditure includes any VAT which cannot be fully recovered, and is classified under headings of th8 statement ol financial actlvities to which It relates: expenditure on raising funds includes the costs of all fundraising actlvities. events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activitses includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support cosls and cosls relaling io Ihe governance of Ihe charty apportioned to charilable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All cosls are allocated to expendrture categories reflecting the use of the resource. Direcl costs attributable to a single activity are allocated directly to that activty. Shared costs are apportioned between the activities they contribute to on a rèasonable. justifiable and consistent basis.
Teesside Environmental Trust Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accountlng policies (contlnuedj Financial instrumenls A financial assel or a financial liability is recognised only when the entity becomes a party io the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. unless the arrangement constitutes a financing transaction, where il is recognised at the present value of the future paymenls discounled al a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at tha cash or other consideration expected lo be paid or received and not discounted. Llmlted by guarantee Teesside Environmental Trust is limited by guarantee and accordingly does not have share capital. Every m8mber of the company undertakes to contribute such amount as may be required not exceeding £1 to assels of the charilable company in Ihe evenl of rts being wound up while he or she is a member, or within one year after he or she ceases to be a member. Voluntary income Restricted Total Funds Funds 2025 Restricted Total Funds Funds 2024 Donallons Landfill tax credit income - Augean 437,309 437.309 506,279 506,279 Investment Income Unrestricted Funds Restricted Tolal Funds Funds 2025 Income from UK investment properties Bank inlerest receivable 220.113 15,939 236,052 220,113 32,697 252,810 16,758 16,758 Unrestricted Funds Restricted Total Funds Funds 2024 Income from UK investment properties Bank interest reCeiVe 213,093 6,854 219,947 213,093 15,057 228,150 8.203 8,203 10
Teesside Environmental Trust Company Limlled by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2025 Other Incomlng resources Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Other income Administration income 1,319 1.768 3.087 1,319 1,768 3.087 5,659 932 5.659 932 6.591 6,591 Expendlluro on charltable actlvlllos by lund type Unrestricted Funds Restricted Total Funds Funds 2025 Charitable activities Support costs 121,337 5,750 22.699 1,768 144,036 7,518 127,087 24,467 151,554 Unrestricted Funds Restricted Total Funds Funds 2024 Charitable activities Support costs 63,817 5,745 47,703 932 111,520 6,677 69,562 48,635 118.197 Expendltur8 on charllable acllvltles by actlvlty type Activities urKlertaken directly Support costs Total funds 2025 Total fund 2024 Charitable activiti-es Governance costs 144,036 144,036 7.518 111,520 6,677 7,518 144,036 7,518 151,554 118,197 10. Analysls of support costs Analysis of support costs Total 2025 Total 2024 Governance costs 8,004 8,004 6.677 11
Teesside Environmental Trust Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2025 10. Analysls of support costs (convnuod) Unrestricted funds Restricted funds Total 2025 Total 2024 Insurance Accountancy Subscriptions Administration charg8S 2,639 1.804 1,793 2,639 1,804 1,793 1.768 2,576 1,650 1.519 932 1.768 6,236 1.768 8,004 6.677 11. Taxallon The charity's activilies fall wrthin the exemptions afforded by the provisions of The Corporation Taxes Act 2010. Accordingly, there is no charge in these accounts. 12. Independent examlnatlon fees 2025 2024 Fees payable to Ihe independent examiner for.. Independent examination of the financial staternants 1,750 1,650 13. Staff cosls No salaries or wages have been paid to employees, including the trustees, during the year. The average number of employees (including ihe truslees) during the year was 12 (2024: 11). 14. Trustee remuneratlon and •xpens68 No remuneration or other benefits from employment with the charity were received by the trustees during the accounting period. 15. Tanglble flxed ass$ The freehold propety owned by Teesside Enwronmenial Tru was gifted to the Charity and therelore is included at nil cost in the accounts. The Saltholme Nature Reserve which forms Ihe bulk of the freehold propety is leased to the RSPB on a 99-year long term lease commencing 2009. As a result of the existing 99-year lease of the land with the RSPB with 83 years left to run the Trustees have sought informal advice, but not a formal valuation, and based on the current RSP8 renl paid per year valued the land at £105.000 12
Teesside Environmental Trust Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu8d) Year ended 31 March 2025 16. Debtors 2025 2024 Prepayments and accrued income Olher debtors 2.303 18,000 20,303 2,060 18,758 20,818 17. Credltors: amounts falllng due wlthln one year 2025 2024 Bank loans and overdrafts Trade credttors Accruals and deferred income Social security arKI other taxes 7,936 3.960 1.750 8.215 7,006 18 1.650 10,204 21.861 18,878 18. Analysls of charltable lunds Unrestrlcted funds At 31 March 202 At 1 April 2024 Income Expenditure General funds 656.553 239.139 1127,087) 768,605 Al 31 March 202 At 1 April 2023 Income Expenditure General funds 499.577 226,538 (69,562) 656,553 Purposes of unrestricted funds The general funds are funds which can be used in accordance with the charitablg objects at the discrelion of the trustees. 13
Teesside Environmental Trust Company Limited by Guarantee Notes to the Financial Ststements (contlnued) Year ended 31 March 2025 18. Analysis of charilable funds (contlnu8d) Restricted funds At 31 March 202 Al 1 April 2024 Income Expenditure Landfill Community Fund 850,180 454,067 124,467) 1,279,780 At 31 March 202 At 1 April 2023 Income Expenditure Landflll Communlty Fund 384,333 514,482 (48,635) 850,180 Purposes of restricted lunds The Land Fill Tax Communty Fund has been used for the development ol The International Nalure Reserve of International imF)Ortance in the Tees Valley which also includes the RSPB Saltholme and Wild Bird Discovery Visitor Centre. 19. Analysls of net assets betWOon funds Unrestricted Funds Restricted Total Funds Funds 2025 Current assets Creditors less than 1 year Net assets 790,466 121.8611 768.605 1,279,780 2,070,246 {21,861) 2,048,385 1,279,780 Unrestricted Funds Restricted Total Funds Funds 2024 Current assets Creditors less than 1 year Nèt assets 675,431 {18,878) 656.553 850,180 1,525,611 {18,878) 1.506,733 850,180 20. Financial Instruments The company has not used any non-bastc financAal instruments in the period. 21. Related partles TET has undertakèn a rent review in respect of land in rts oymership and leased to RSPB. TET has agreed on a rent rewew until 2027 which is at less than open market value as this further promoles and enhances the charitable objectives of TET. 14
Teesside Environmental Trust Company Llmiled by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 22. Land leased from Teesslde Envlronmental Trust Statera Energy, which leases land from Teesside Environmental Trust, is liable to make payments for 25 years Irom 2019 which will cover any costs. in addition to costs covered by the decommissioning bonds. lo restore the sites back to its original habitat. The total payments made 10 31 March 2025 are held in an escrow account which has a balance of £42.688 {2024: £34,221). 15
Teesside Environmental Trust Company Limited by Guarantee Management Inlormatlon Year ended 31 March 2025 The followlng pages do not fomi part of Ihe financlal Ststèments. 16
Teesside Environmental Trust Company Limited by Guarantee Detailed Slatement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowmenls Volunlary income Landfill tax credit income- Augean 437.309 506,279 Investment income Income from UK investment properties Bank interest receivable 220.113 32,697 252.810 213,093 15,057 228,150 Other Incomlng resources Other income Administration income 1,319 1.768 5,659 932 3,087 6,591 Total Income 893,206 741,020 Expendlture Expendlture on charltable actlvltles Entrust levy on Landfill Community Fund Site work costs Administration expenses Insurance Legal and prolessional fees Accountancy Administration charges Subscriptions {12,813) (17,112) 156,910) {39,361) 13,085) (36,839} {2,497) {2,576} {71,228) {18,493} {1,804) {1 ,365} (1.768) (9321 11,449) {1,519) (151,554) 1118,197} Total expenditure (151.554) 1118,197} Net In¢om• 541,652 622,823 17
Teesside Environmental Trust Company Limited by Guarantee Notes to the Detailed Statemenl of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charFtabl8 a¢tlvllles Charitable activities Actlvltles undertaken dlrectly Entrust levy on Landfill Cornmunity Fund Sile work costs Administration expenses Legal and professional fees UK entertainment and trustee costs (12,813} 156,910> (3,0851 (71,2281 117.1121 139,361) {36,839) 118,493) 285 {144.036) (111 ,520) Governance costs Insurance Accountancy Adminislration charges Subscriptions {2.497) {1,804) 11.768) {1,449) {7,518} {2,576} {1,650} (932) {1,519} 16,6771 Expandllure on charltable aetlvllles (151,554} 1118,197) 18
Teesside Environmental Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of Teesside Environmental Trust Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Teesside Environmental Trust ('the charity,) for the year ended 31 March 2025. Responslbllitles and basls of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe= accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination" or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Martin Firth, FCA Independent Examiner 09 September 2025