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← Greenseas Trust

2023-10-31-accounts

Trustees’ Annual Report for the period

From 01-Nov-2022 To 31-Oct-2023

Charity name: GreenSeas Trust

Charity registration number: 1098649

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To educate, promote and implement on an
individual, regional and global level,
environmental programmes to eliminate
plastics and marine debris entering the
seas and coastal areas. We want to
change the "I can't be bothered," attitude by
tackling the problem at source. Our goal is
to ensure marine life and fish stocks are
sustainable for future generations.
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		 Fundraising.
Placing the BinForGreenSeas on the
riverside locations, harbours and
promenades of coastal towns.
The BinForGreenSeas is a recycling bin for
PET plastic bottles. The bin however play a
far more important role – it educates people
visually, using bold graphics on the marine
plastics problem. It is the one of the most
cost efficient ways to reach a diverse
audience - 24/7 to stop irresponsible
littering.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In setting our objectives and planning our
activities our Trustees have given careful
consideration to the Charity Commission’s
public benefit guidance.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Para 1.38 Donation in kind of £1178 from the
Worshipful Companyof Marketors

Policy on social investment including program related investment Para 1.38 Contribution made by volunteers 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 charity manufactured and placed 7
BinForGreenSeas on riverside, harbour
and coastal areas of the UK. The locations
are:
Bankside, London
Folkestone,
Dover
Illfracombe
Whitley Bay
Port of Holyhead
University of East London, Docklands
Campus
The bins on average, collect between 35 –
120kg of PET plastic bottles per month
depending on footfall and weather. This is
equivalent to 7000 – 24000 bottles of
500ml each month. This is a significant
amount of plastics that GreenSeas Trust
has potentially stopped from entering the
sea.
We estimate, that at least 700,000 people
have been made aware of the marine
plastics issue and its effect on the food
chain, climate change and human health.

Additional information (optional)

You may choose to include further statements where relevant about:


Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives		 Para 1.41
set
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the financial period the charity
has seen a strong growth in grants
received. Orders for the BinForGreenSeas
have also increased substantially, based on
the number of PET bottles each bin collects
which councils/estates send for recycling.
Some of the smaller restricted grants are
used to match fund the placement of bins,
when councils are unable to fund the entire
cost of the bin.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves are held to for emergency or
unexpected expenses arising.
Amount of reserves held Para 1.22 £2904 unrestricted.
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
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 MEMORANDUM AND ARTICLES
INCORPORATED
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Incorporated.
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 Trustees are selected at a trustees
meeting.

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 charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name GreenSeas Trust
Other name the charity uses
Registered charity number 1098649
Charity’s principal address

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)
Fazilette Khan
Emir Feisal. JP
Julie Price

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser		 Name
Address		 Name
Address
Independent
Examiner		 Selim Gogus

Name of chief executive or names of senior staff members (Optional information)

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) Fazilette Khan ~~or~~ Position (eg Secretary, Founder Trustee Chair, etc) ~~ee~~ Date 14Feb2024 ~~—~~

Green seas Trust
1098649
Annual accounts for theperiod
Period start date
11/1/2022
To
Period end
date
meee~~——~~
FOR ENGLAND AND WALES		 Green seas Trust
1098649
Annual accounts for theperiod
Period start date
11/1/2022
To
Period end
date
meee~~——~~
FOR ENGLAND AND WALES		 Green seas Trust
1098649
Annual accounts for theperiod
Period start date
11/1/2022
To
Period end
date
meee~~——~~
FOR ENGLAND AND WALES		 Green seas Trust
1098649
Annual accounts for theperiod
Period start date
11/1/2022
To
Period end
date
meee~~——~~
FOR ENGLAND AND WALES		 Green seas Trust
1098649
Annual accounts for theperiod
Period start date
11/1/2022
To
Period end
date
meee~~——~~
FOR ENGLAND AND WALES		 Green seas Trust
1098649
Annual accounts for theperiod
Period start date
11/1/2022
To
Period end
date
meee~~——~~
FOR ENGLAND AND WALES		 Period end
~~ee~~		 10/31/2023
~~ee~~		 ~~ee~~
Section A Statement of financial activities
Recommended categories by
activity		 Guidance Notes Unrestricted
funds		 Unrestricted
Restricted
income
funds		 Endowment
funds		 Total funds Prior year funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 2,904 50,993 53,897 22,398
Charitable activities S02
Other trading activities S03
Investments S04
Separate material item of income S05
Other S06
Total S07 2,904 50,993 53,897 22,398
Resources expended (Note 6)
Expenditure on:
Raising funds S08
Charitable activities S09 1,281 20,945 22,226 12,435
Separate material item of expense S10
Other S11
Total S12 1,281 20,945 22,226 12,435
Net income/(expenditure) before investment Net income/(expenditure) before investment
gains/(losses) S13 1,623 30,048 31,671 9,963
Net gains/(losses) on investments S14
Net income/(expenditure) S15 1,623 30,048 31,671 9,963
Extraordinary items S16
Transfers between funds S17
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use S18
Other gains/(losses) S19
Net movement in funds S20 1,623 30,048 31,671 9,963
Reconciliation of funds:
Total funds brought forward S21 106 22,120 22,226 0
Total funds carried forward S22 1,729 52,168 53,897 9,963
1

Section B Balance sheet ~~Nee~~

Guidance Notes Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Endowment
funds		 Total this
year		 Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Tangible assets (Note 14) B02 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Heritage assets (Note 16) B03 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Investments (Note 17) B04 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Total fixed assets B05 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Current assets
Stocks (Note 18) B06 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Debtors (Note 19) B07 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Investments (Note 17.4) B08 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Cash at bank and in hand (Note 24) B09 2,904 50 904 50,993 - 53 993 - 53 993 - 53 993 - 53,897 22 897 22,398
Total current assets
Net current assets/(liabilities)
Creditors: amounts falling due within
one year (Note 20)		 B10
B11
B12		 2,904 50,993 - 53
- - - - -
2,904 50,993 - 53
~~tt ~~		 993 - 53
- - - - -
993 - 53
 993 - 53,897 22,398
- - - - -
993 - 53,897 22,398
~~Pl~~
Total assets less current liabilities B13 2,904 50 904 50,993 - - 53,897 22 897 22,398
Provisions for liabilities
Total net assets or liabilities
Funds of the Charity
Creditors: amounts falling due after
one year (Note 20)		 B14
B15
B16		 - - - - -
- - - - -
2,904 50,993 - 53,897 22,398
~~jf		 ~~
~~ff~~
~~es~~
Endowment funds (Note 27) B17 - - - - -
Restricted income funds (Note 27) B18 50,993 - 993 - 50,993 22 50,993 22,120
Unrestricted funds B19 2,904 - 2,904 278 - 2,904 278 - 2,904 278 - 2,904 278
Revaluation reserve B20 - - - -
Total funds B21 53,897 - - 53 897 - - 53 897 - - 53 897 - - 53 897 - - 53,897 22 897 22,398
Signed by one or two trustees on behalf of all
the trustees		 Signature
Print Name
Emir Feisal
2/11/2024
Date of
approval
dd/mm/yyyy
~~—————~~
~~—~~

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Section C Notes to the accounts (cont)

Note 3 Analysis of income

Other:
TOTAL INCOM
Other informati
Donations
and legacies:
Charitable
activities:
Other trading
activities:
Income from
investments:
Separate
material item
of income:		 Analysis Total funds
Prior year
£
£
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 Total funds
Prior year
£
£
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 Total funds
Prior year
£
£
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 Total funds
Prior year
£
£
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 Total funds
Prior year
£
£
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Donations and gifts 2,904 48,493 - 51,397 17,178
Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities		 - 2,500 - 2,500 5,220
Membership subscriptions and sponsorships
which are in substance donations		 - - - - -
Donatedgoods,facilities and services - - - - -
Other - - - - -
Total 2,904 50,993 - 53,897 22,398
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Interest income - - - - -
Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use		 - - - - -
Gain on disposal of a programme related
investment		 - - - - -
Royalties from the exploitation of intellectual
propertyrights		 - - - - -
Other - - - - -
Total - - - - -
E
on:
2,904 50,993 - 53,897 22,398
All income in the prior year was unrestricted except for: (please
provide description and amounts)		 N/A
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
N/A
Within the income items above the following items are material:
(please disclose the nature, amount and any prior year
amounts)		 N/A

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Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1
Government grant 2
Government grant 3
Other
Please provide details of any
unfulfilled conditions and other
contingencies attaching to grants that
have been recognised in income.
Please give details of other forms of
government assistance from which
the charity has directly benefited.		 Description
This year
Last year
£
£		 Description
This year
Last year
£
£		 Description
This year
Last year
£
£
Swale Council 2,720
Cityof London 2,500 2,500
Total 2,500 5,220
None
None

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CC17a (Excell 0910912024

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand
Short term cash investments (less than 3 months maturity date)
Short term deposits
Cash at bank and on hand
Other
Total
This year
£		 Last year
£
- -
- -
53,897 22,398
- -
53,897 22,398

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support Not Applicable the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the Not Applicable going concern assumption doubtful; Where accounts are not prepared on a going Not Applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes
No
Please disclose		 ü * -Tick as appropriate * -Tick as appropriate
:
(i) the nature of the chan ge in accounting policy; Not Applicable
(ii) the reasons
provides more r
and		 why appl
eliable an		 ying the new accounting policy
d more relevant information;		 Not Applicable
(iii) the amount
the current peri
aggregate amou
before those pr		 of the adj
od, each
nt of the
esented, 3		 ustment for each line affected in
prior period presented and the
adjustment relating to periods
.44 FRS 102 SORP.		 Not Applicable

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes
No		 * -Tick as appropriate * -Tick as appropriate
ü
Please disclose :
(i) the nature of any chan ges; Not Applicable
(ii) the effect of
assets and liabi		 the chang
lities for t		 e on income and expense or
he current period; and		 Not Applicable
(iii) where pract
more future per		 icable, th
iods.		 e effect of the change in one or Not Applicable

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes
No
Please disclose		 * -Tick as appropriate * -Tick as appropriate
ü
:
(i) the nature of the prior period error; Not Applicable
(ii) for each prio
amount of the c
affected; and		 r period p
orrection		 resented in the accounts, the
for each account line item		 Not Applicable
(iii) the amount
earliest prior pe		 of the cor
riod pres		 rection at the beginning of the
ented in the accounts.		 Not Applicable

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Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change None in accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102 Start of End of period period £ £ Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102 End of period£ Net income/(expenditure) as previously stated Adjustments: Previous period net income/(expenditure) as restated

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Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

11.1 Staff Costs
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs		 This year
£		 Last year
£
- -
- -
- -
- -

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

11.2 Average head count in the year

The parts of the charity in which the employees work

This year
Number		 Last year
Number
Fundraising - -
Charitable Activities - -
Governance - -
Other - -
Total - -

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11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

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Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg
order, governing
document)		 Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
Thisyear Lastyear
Remuneration Pension
contribution		 Redundancy
(including
loss of
office)/ex
gratia		 Other TOTAL
£ £ £ £

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

Type of expenses reimbursed This year Last year
£ £
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)

Name of the trustee
or related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end
Amounts
written off
during
reporting
period
£ £ £ £

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In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received.

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Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

N/A

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Green Seas Trust members of ~~pd~~ On accounts for the year 31/10/23 Charity no 1098649 ended (if any) ~~ee~~ Set out on pages (remember to include the page numbers of additional sheets) ~~pT~~ I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/10/2020. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed: Date: 08/04/2024 ~~ae~~ Name: Selim Gogus ~~_~~ Relevant professional ICAEW qualification(s) or body (if any): ~~a~~ Address: Greenwich Creekside.3 Harmony Place. London. SE83FE

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

IER