2022-06-30-accounts - Environmental Conservation Co-Operative

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REGISTERED COMPANY NUMBER: 03064585 (England and Wales) REGISTERED CHARITY NUMBER: 1130574

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

Solazzo & Co Ltd Chartered Accountants Woodlands, 27 Ferney Road Cheshunt Hertfordshire EN7 6XQ

ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

	Page
Report of the Trustees	1 to 4
Independent Examiner's Report	5 to 6
Statement of Financial Activities	7
Balance Sheet	8 to 9
Cash Flow Statement	10
Notes to the Cash Flow Statement	11
Notes to the Financial Statements	12 to 21

ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD. (REGISTERED NUMBER: 03064585)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To protect and enhance the natural and built environment
To recycle and to provide good quality furniture, clothing and household items for the alleviation of poverty
To create sustainable employment through waste

ECCO achieves the first aim by managing Parndon Wood Nature Reserve in Harlow, Essex. The reserve is a Site of Special Scientific Interest (SSSI) and is managed in partnership with Harlow Council and volunteer groups in accordance with Natural England's agreed management plan. This plan implements the standards that are essential to sustain the site's special status. Parndon Wood forms part of the Harlow Woods designated area, which also includes Hospital and Risden Woods.

The site is open to the public 5 days a week and runs events focussing on environmental education. Around 10 local schools visit us each year for educational school trips. We also run seasonal non-profit events so people can enjoy and spend time in the outdoors. Over the year Parndon Wood has had approximately 18,000 visitors.

Parndon Wood also retained its Green Flag status, which acknowledges its standing as one of the UK's best parks.

The costs of the reserve are funded from the income of ECCO's reuse shops, a grant from Harlow Council and by selling goods produced in Parndon Wood.

ECCO achieves the second aim by recycling and reusing materials in its 3 shops in Harlow, Epping and Bishop's Stortford.

The third aim is achieved by prudent management of the charity's affairs to ensure future growth is sustainable, providing more employment opportunities in the long term.

Page 1

ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD. (REGISTERED NUMBER: 03064585)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022

OBJECTIVES AND ACTIVITIES

Significant activities

We continued to work in partnership with:

Essex County Council through the provision of Waste Electronic, Electrical Equipment (WEEE) for onward sustainable recycling.

Harlow Council through the management of Parndon Wood Nature Reserve.

As well as providing good quality items at a low price for sale in our shops, we have also provided items free of charge to people in the local community who are in need either through an ad hoc basis or through referral from social services.

Also during the year, we consolidated the success of our new shop in Harlow. The shop provides greater floor space to be able to cater for more customers and more items for reuse.

During the year ECCO had diverted approximately 1750 tonnes of material from landfill. In addition to the continued commitment of the above activities, in the coming year ECCO will focus on: Developing Gift Aid procedures and increasing income from it.

Developing the range of fundraising activities that are based in Parndon Wood

Developing relationships with local companies to mutually benefit the work that ECCO does and to give opportunities to those companies to promote their environmental credentials.

Start work on plans to enhance the visitor experience at Parndon Wood including improvements to the Visitors Centre and the development of a flexible multi use area in the vicinity of the Visitors Centre. This multi use area would provide better access to the reserve for disabled people and those with mobility issues.

The Trustees would like to acknowledge the dedication and hard work of the volunteers who make such an important contribution to the successful running of the charity and to our partner organisations. We are very grateful to all the support and help we get from them and the general public.

STRATEGIC REPORT

Financial position

Total income for the year amounted to £896,062 (2021-£761,020) and total expenditure £855,075 (2021-£675,404). Net movement in funds for the year was a surplus of £40,987 (2021-£85,616).

Principal funding sources

The principal source of funding is the sale of donated goods from retail outlets. This is supplemented by waste recycling income and visitor fees from Parndon Wood.

Reserves policy

The Trustees have agreed a policy of holding reserves equivalent to six months expenditure. This policy is to ensure that the charity is able to deal with unforeseen circumstances. Reserves at the Balance Sheet date amounted to £524,977 (2021-£483,990).The Trustees consider that the reserves as at 30 June 2022 are sufficient to meet this objective.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has sufficient resources to continue operations for the foreseeable future. For this reason the going concern basis is adopted in preparing the financial statements.

Future plans

ECCO's main threat continues to be the instability which comes with short term leases. ECCO will continue to explore the opportunities of securing long term leases as the opportunities arise.The Trustees are also exploring external grant funding opportunities for improving access to the Parndon Wood nature reserve.

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD. (REGISTERED NUMBER: 03064585)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by it's governing document, Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.The company became a registered charity on 15 July 2009.

Recruitment and appointment of new trustees

Traditionally, trustees have been recruited by word of mouth and personal recommendation. The charity has been fortunate that the mix of expertise has been sufficient to enable the trustees to make informed decisions.

Organisational structure

The Board normally meets several times of the year to review performance and strategy. Day to day management is delegated to the Chief Executive Officer and his management team.

Key management remuneration

The Trustees consider the Board of Trustees and the senior management team, to whom all day to day management is delegated, to be the key management personnel of the charity.

All members of the Board of Trustees give their time voluntarily and receive no financial benefits from the charity. Management remuneration is reviewed annually by reference to performance and similar charities.

Principal risks and uncertainties

The Trustees have assessed major risks that the charity is exposed to, in particular those relating to operations and finances and are satisfied that the appropriate procedures are in place to mitigate those risks and are subject to regular review.

The key risks are the economic influences that may effect the supply of donated goods and their subsequent sale.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03064585 (England and Wales)

Registered Charity number

1130574

Registered office

St James Centre East Road Harlow Essex CM20 2SX

Trustees

J R Chambers K L Barrow

Company Secretary

S M Folan

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD. (REGISTERED NUMBER: 03064585)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

S Solazzo Institute of Chartered Accountants in England and Wales Solazzo & Co Ltd Chartered Accountants Woodlands, 27 Ferney Road Cheshunt Hertfordshire EN7 6XQ

Senior Management Team

S M Folan-Chief Executive Officer J Folan M Folan D Trussler E M Folan

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 28 March 2023 and signed on the board's behalf by:

S M Folan - Secretary

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

Independent examiner's report to the trustees of Environmental Conservation Co-operative Ltd. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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.

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales 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 Company as required by Section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts 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 accounts 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.

S Solazzo Institute of Chartered Accountants in England and Wales Solazzo & Co Ltd Chartered Accountants Woodlands, 27 Ferney Road Cheshunt Hertfordshire EN7 6XQ

28 March 2023

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022

Unrestricted fund Notes £ VOLUNTARY INCOME FROM Donations and grants 2 16,129 Other trading activities 3 828,365 Other income 6,030 Total 850,524 EXPENDITURE ON Raising funds 4 188,941 Other 569,371 Total 758,312 NET INCOME/(EXPENDITURE) 92,212 Transfers between funds 16 (52,616) Net movement in funds 39,596 RECONCILIATION OF FUNDS Total funds brought forward 480,227 TOTAL FUNDS CARRIED FORWARD 519,823	Restricted fund £ 25,300 20,238 - 45,538 31,883 64,880 96,763 (51,225) 52,616 1,391 3,763 5,154	30.6.22 Total funds £ 41,429 848,603 6,030 896,062 220,824 634,251 855,075 40,987 - 40,987 483,990 524,977	30.6.21 Total funds £ 26,396 568,809 165,815
			761,020
			130,794 544,610
			675,404
			85,616 -
			85,616 398,374
			483,990

The notes form part of these financial statements

Page 7

ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD. (REGISTERED NUMBER: 03064585)

BALANCE SHEET 30 JUNE 2022

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 10 20,160 CURRENT ASSETS Debtors 11 61,099 Cash at bank and in hand 515,024 576,123 CREDITORS Amounts falling due within one year 12 (46,804) NET CURRENT ASSETS 529,319 TOTAL ASSETS LESS CURRENT LIABILITIES 549,479 CREDITORS Amounts falling due after more than one year 13 (29,656) NET ASSETS 519,823 FUNDS 16 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted fund £ 7,044 - - - (1,890) (1,890) 5,154 - 5,154	30.6.22 Total funds £ 27,204 61,099 515,024 576,123 (48,694) 527,429 554,633 (29,656) 524,977 519,823 5,154 524,977	30.6.21 Total funds £ 26,273 35,493 560,735 596,228 (98,820) 497,408 523,681 (39,691) 483,990 480,227 3,763 483,990

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD. (REGISTERED NUMBER: 03064585)

BALANCE SHEET - continued 30 JUNE 2022

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 March 2023 and were signed on its behalf by:

J R Chambers - Trustee

K L Barrow - Trustee

The notes form part of these financial statements

Page 9

ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2022

Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Net cash used in investing activities Cash flows from financing activities Loan repayments in year Net cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	30.6.22 £ (23,157) (1,087) (24,244) (14,155) 2,250 (11,905) (9,562) (9,562) (45,711) 560,735 515,024	30.6.21 £ 107,190 (104) 107,086 (17,388) - (17,388) (782) (782) 88,916 471,819 560,735

The notes form part of these financial statements

Page 10

ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

	ACTIVITIES
				30.6.22	30.6.21
				£	£
	Net income for the reporting period (as per the Statement of
	Financial Activities)			40,987	85,616
	Adjustments for:
	Depreciation charges			12,806	9,621
	Profit on disposal of fixed assets			(1,830)	-
	Interest paid			1,087	104
	(Increase)/decrease in debtors			(25,606)	7,671
	(Decrease)/increase in creditors			(50,601)	4,178
	Net cash (used in)/provided by operations			(23,157)	107,190
2.	ANALYSIS OF CHANGES IN NET FUNDS
		At	1.7.21	Cash flow	At 30.6.22
			£	£	£
	Net cash
	Cash at bank and in hand	560,735		(45,711)	515,024
		560,735		(45,711)	515,024
	Debt
	Debts falling due within 1 year		(9,527)	(473)	(10,000)
	Debts falling due after 1 year	(39,691)		10,035	(29,656)
		(49,218)		9,562	(39,656)
	Total	511,517		(36,149)	475,368

The notes form part of these financial statements

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

GOING CONCERN

The charity's forecasts and projections indicate that it can meet its day-to-day working capital requirements as they fall due for a period of at least twelve months from the approval of the accounts. In addition, the Trustees consider that the cash resources remain adequate to meet the charity's obligations as they fall due.

The Trustees have also considered the impact of coronavirus on the charity's operations. As the expected long-term duration of coronavirus became clearer, the Trustees completed an exercise to restructure the charity to reflect the impact of the pandemic on the economy. The exercise demonstrated the charity had sufficient cash resources to continue operations for the foreseeable future, being a period of no less than one year from the date of approval of these financial statements. On this basis, the Trustees consider the charity to be a going concern.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - in accordance with the property lease Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on cost Motor vehicles - 25% on reducing balance Office equipment - 25% on cost

TAXATION

The charity is exempt from corporation tax on its charitable activities.

continued...

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES - continued

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

STOCK

Stocks comprise second-hand goods, which have been donated. Unsold items are not included in closing stock since their cost is nil and their value is uncertain until sold.

Debtors

Other debtors are measured at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at Bank and in hand

Cash at bank and in hand includes cash held on current account with instant access.

Liabilities

Liabilities are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.Liabilities and provisions are normally recognised at their settlement amount.

Financial instruments

The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

continued...

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

2. DONATIONS AND GRANTS

Donations Gift aid Grants Grants received, included in the above, are as follows: Parndon Wood 3. OTHER TRADING ACTIVITIES Shop income Visitor fees Waste recycling income 4. RAISING FUNDS OTHER TRADING ACTIVITIES Purchases Support costs	30.6.22 £ 300 16,129 25,000 41,429 30.6.22 £ 25,000 30.6.22 £ 814,879 20,250 13,474 848,603 30.6.22 £ 36,045 184,779 220,824	30.6.21 £ 220 1,176 25,000 26,396 30.6.21 £ 25,000 30.6.21 £ 547,303 9,243 12,263	30.6.21 £ 220 1,176 25,000
			26,396
			30.6.21 £ 25,000
		568,809
		30.6.21 £ 21,457 109,337
		130,794

continued...

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE

LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

5. SUPPORT COSTS

SUPPORT COSTS
Management £ Other trading activities - Other resources expended 590,428 590,428	Finance £ - 11,880 11,880	Governance Other costs £ £ 184,779 - 28,943 3,000 213,722 3,000	Totals £ 184,779 634,251
			819,030

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	30.6.22	30.6.21
	£	£
Depreciation - owned assets	12,805	9,621
Other operating leases	155,249	112,593
Surplus on disposal of fixed assets	(1,830)	-

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.

8. STAFF COSTS

Wages and salaries Social security costs Other pension costs	30.6.22 £ 432,482 41,461 22,301 496,244	30.6.21 £ 365,855 38,645 15,071
		419,571

The average monthly number of employees during the year was as follows:

	30.6.22	30.6.21
Retail, operations and administration	17	16

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

8. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

30.6.22 30.6.21 £60,001 - £70,000 1 -

The trustees consider the board of trustees and senior management team comprise the key management personnel of the charity in charge of directing, controlling, running and operating the charity on a daily basis.Total employee benefits of the key management personnel were £257,267 (2021-£241,885).

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ VOLUNTARY INCOME FROM Donations and grants 1,396 Other trading activities 559,567 Other income 153,622 Total 714,585 EXPENDITURE ON Raising funds 119,316 Other 489,150 Total 608,466 NET INCOME/(EXPENDITURE) 106,119 Transfers between funds (26,432) Net movement in funds 79,687 RECONCILIATION OF FUNDS Total funds brought forward 400,540 TOTAL FUNDS CARRIED FORWARD 480,227	Restricted fund £ 25,000 9,242 12,193 46,435 11,478 55,460 66,938 (20,503) 26,432 5,929 (2,166) 3,763	Total funds £ 26,396 568,809 165,815
		761,020
		130,794 544,610
		675,404
		85,616 -
		85,616 398,374
		483,990

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

10. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
			Fixtures
	Short	Plant and	and
	leasehold	machinery	fittings
	£	£	£
COST
At 1 July 2021	6,591	10,838	20,524
Additions	-	4,094	-
Disposals	-	-	-
At 30 June 2022	6,591	14,932	20,524
DEPRECIATION
At 1 July 2021	4,746	5,707	13,553
Charge for year	1,062	2,305	2,525
Eliminated on disposal	-	-	-
At 30 June 2022	5,808	8,012	16,078
NET BOOK VALUE
At 30 June 2022	783	6,920	4,446
At 30 June 2021	1,845	5,131	6,971
	Motor	Office
	vehicles	equipment	Totals
	£	£	£
COST
At 1 July 2021	24,533	44,896	107,382
Additions	-	10,061	14,155
Disposals	(5,600)	(6,447)	(12,047)
At 30 June 2022	18,933	48,510	109,490
DEPRECIATION
At 1 July 2021	19,559	37,543	81,108
Charge for year	1,140	5,773	12,805
Eliminated on disposal	(5,180)	(6,447)	(11,627)
At 30 June 2022	15,519	36,869	82,286
NET BOOK VALUE
At 30 June 2022	3,414	11,641	27,204
At 30 June 2021	4,974	7,353	26,274

continued...

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.22 £ Other debtors 34,218 Prepayments and accrued income 26,881 61,099 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.22 £ Bank loans and overdrafts (see note 14) 10,000 Trade creditors 4,261 Social security and other taxes 13,419 Other creditors 9,052 Accruals and deferred income 11,962 48,694 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.6.22 £ Bank loans (see note 14) 29,656 14. LOANS An analysis of the maturity of loans is given below: 30.6.22 £ Amounts falling due within one year on demand: Bank loans 10,000 Amounts falling between one and two years: Bank loans - 1-2 years 10,000 Amounts falling due between two and five years: Bank loans - 2-5 years 19,656	30.6.21 £ 27,825 7,668
	35,493
	30.6.21 £ 9,527 3,058 23,675 27,526 35,034
	98,820
	30.6.21 £ 39,691
	30.6.21 £ 9,527
	9,768
	29,923

The charity had previously applied for finance under the Bounce Back Loan Scheme.The term of the loan is over six years and carries a fixed rate of interest at 2.5% per annum. Interest for the first 12 months was paid by the UK Government and no repayments were required in this period. The loan is unsecured.

continued...

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year Between one and five years	30.6.22 £ 170,512 377,810 548,322	30.6.21 £ 162,193 515,208
		677,401

16. MOVEMENT IN FUNDS

Unrestricted funds General fund Restricted funds Parndon Wood TOTAL FUNDS Net movement in funds, included in the above Unrestricted funds General fund Restricted funds Parndon Wood TOTAL FUNDS	At 1.7.21 £ 480,227 3,763 483,990 are as follows:	Net movement in funds £ 92,212 (51,225) 40,987 Incoming resources £ 850,524 45,538 896,062	Transfers between At funds 30.6.22 £ £ (52,616) 519,823 52,616 5,154 - 524,977 Resources Movement expended in funds £ £ (758,312) 92,212 (96,763) (51,225) (855,075) 40,987

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net	Transfers
		movement	between	At
	At 1.7.20	in funds	funds	30.6.21
	£	£	£	£
Unrestricted funds
General fund	400,540	106,119	(26,432)	480,227
Restricted funds
Parndon Wood	(2,166)	(20,503)	26,432	3,763
TOTAL FUNDS	398,374	85,616	-	483,990
Comparative net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
Unrestricted funds
General fund		714,585	(608,466)	106,119
Restricted funds
Parndon Wood		46,435	(66,938)	(20,503)
TOTAL FUNDS		761,020	(675,404)	85,616
A current year 12 months and prior year 12 months combined position is as			follows:
		Net	Transfers
		movement	between	At
	At 1.7.20	in funds	funds	30.6.22
	£	£	£	£
Unrestricted funds
General fund	400,540	198,331	(79,048)	519,823
Restricted funds
Parndon Wood	(2,166)	(71,728)	79,048	5,154
TOTAL FUNDS	398,374	126,603	-	524,977

continued...

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ENVIRONMENTAL CONSERVATION CO-OPERATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	1,565,109	(1,366,778)	198,331
Restricted funds
Parndon Wood	91,973	(163,701)	(71,728)
TOTAL FUNDS	1,657,082	(1,530,479)	126,603

The Parndon Wood Conservation Centre is a part grant funded project, providing access to the general public, supporting conservation work and running educational events and programmes to the local community.

17. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost of £22,301 (2021-£15,071) represents contributions payable by the charity. The amount unpaid at the year end was £3,059 (2021-£2,666).

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2022.

19. COMPANY STATUS

The company is a company limited by guarantee and not having a share capital. Every member of the company undertakes to contribute in a winding up a sum not exceeding £10 whilst they are a member, or within one year after ceasing to be a member, towards debts and liabilities contracted before ceasing to be a member.

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