CHARITY REGISTRATION NUMBER: 1146505
Tree Life Club Unaudited Financial Statements
31 March 2024
LEVENSONS LTD
Chartered Certified Accountants Rico House George Street Manchester M25 9WS
Tree Life Club
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
Tree Life Club
Trustees' Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name Tree Life Club Charity registration number 1146505 Principal office 9 Roston Road Salford M7 4HH
The trustees
Mr D Greenblatt Mr D Roberts Mr E Cohen Independent examiner Yisroel Levenson FCCA CTA Rico House George Street Manchester M25 9WS
Structure, governance and management
Tree Life Club is an unincorporated charity established on 22 March 2012 and is governed by a Trust Deed.
Recruitment and appointment of new trustees
New trustees are appointed due to their interest in the work of charity and their recognised experience in specific fields which will further support the work of the charity.
Organisational structure
The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
Induction and training of new trustees
New trustees are given a full induction by the directors. Trustees can retire when they wish as they do not serve under a fixed term of tenure.
Objectives and activities
Objectives and aims
The objects of the charity are to promote education and training of children and young people.
Public benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
1
Trustees' Annual Report (continued)
Tree Life Club
Year ended 31 March 2024
Achievements and performance
During the year, the charity ran several weekly youth sessions, providing a curriculum of social, life skills, healthy living, community service, cultural and sport activities. It provided specific therapeutic and counselling, as well as a successful mentoring project and cycle club. The charity also runs a vocational skills training centre, setting participants up for life. The charity donated funds to a local high school to enable it to provide extra-curricular activities.
Financial review
Financial position
Income from donations and investments totalled £470,637 (2023 - £452,581). Expenditure in furtherance of charitable activities aggregated £474,209 (2023 - £393,448) resulting in net expenditure of £3,572 (2023 - income £59,133). The financial results of the charity's activities for the year to 31 March 2024 are fully reflected on pages 5 and 6 of the Financial Statements together with the notes thereon.
Reserves policy
The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through voluntary grants. The trustees consider that the ideal level of reserves as at 31 March 2024 would be one month of resources expended which equates to £46,078. The actual free reserves as at 31 March 2024 were £23,829 which is lower than our target figure. In calculating the free reserves, the trustees have excluded from total funds the fixed assets of £181,214.
The trustees' annual report was approved on 31 January 2025 and signed on behalf of the board of trustees by:
Mr D Roberts Trustee
2
Tree Life Club
Independent Examiner's Report to the Trustees of Tree Life Club
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Tree Life Club ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 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 I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Yisroel Levenson FCCA CTA Independent Examiner
Rico House George Street Manchester M25 9WS
3
Tree Life Club
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 450,439 | 19,980 | 470,419 | 451,577 |
| Charitable activities | 5 | – | – | – | 907 |
| Investment income | 6 | 218 | – | 218 | 96 |
| ��������� | �������� | ��������� | ��������� | ||
| Total income | 450,657 | 19,980 | 470,637 | 452,580 | |
| ��������� | �������� | ��������� | ��������� | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 454,229 | 19,980 | 474,209 | 393,447 |
| ��������� | �������� | ��������� | ��������� | ||
| Total expenditure | 454,229 | 19,980 | 474,209 | 393,447 | |
| ��������� | �������� | ��������� | ��������� | ||
| ��������� | �������� | ��������� | ��������� | ||
| Net (expenditure)/income and net | |||||
| movement in funds | (3,572) | – | (3,572) | 59,133 | |
| ��������� | �������� | ��������� | ��������� | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 208,615 | – | 208,615 | 149,482 | |
| ��������� | �������� | ��������� | ��������� | ||
| Total funds carried forward | 205,043 | – | 205,043 | 208,615 | |
| ��������� | �������� | ��������� | ��������� |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 13 form part of these financial statements.
4
Tree Life Club
Statement of Financial Position
31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 14 | 181,214 | 196,115 |
| Current assets | |||
| Cash at bank and in hand | 51,119 | 44,447 | |
| Creditors: amounts falling due within one year | 15 | 27,290 | 31,947 |
| �������� | �������� | ||
| Net current assets | 23,829 | 12,500 | |
| ��������� | ��������� | ||
| Total assets less current liabilities | 205,043 | 208,615 | |
| ��������� | ��������� | ||
| Funds of the charity | |||
| Unrestricted funds | 205,043 | 208,615 | |
| ��������� | ��������� | ||
| Total charity funds | 16 | 205,043 ��������� |
208,615 ��������� |
These financial statements were approved by the board of trustees and authorised for issue on 31 January 2025, and are signed on behalf of the board by:
Mr D Roberts Trustee
The notes on pages 6 to 13 form part of these financial statements.
5
Tree Life Club
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 9 Roston Road, Salford, M7 4HH.
2. Statement of compliance
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 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified 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 functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity'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: restricted income funds or endowment funds.
6
Tree Life Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to 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 impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable 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 costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
7
Tree Life Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Motor vehicles | - | 25% reducing balance |
|---|---|---|
| Equipment | - | 25% reducing balance |
| User defined asset | - | 5% reducing balance |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
8
Tree Life Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations type 1 | 450,439 | 19,980 | 470,419 | |
| ��������� | �������� | ��������� | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations type 1 | 451,577 | – | 451,577 | |
| ��������� | ���� | ��������� | ||
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Sale of goods/services as part of direct | ||||
| charitable activities | – | – | 907 | 907 |
| ���� | ���� | ���� | ���� |
5. Charitable activities
9
Tree Life Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
6. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable type 1 | 218 | 218 | 96 | 96 | |
| ���� | ���� | ���� | ���� | ||
| Expenditure on charitable activities by fund type | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Activity type 1 | 436,597 | 19,980 | 456,577 | ||
| Support costs | 17,632 | – | 17,632 | ||
| ��������� | �������� | ��������� | |||
| 454,229 | 19,980 | 474,209 | |||
| ��������� | �������� | ��������� | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Activity type 1 | 382,375 | – | 382,375 | ||
| Support costs | 11,072 | – | 11,072 | ||
| ��������� | ���� | ��������� | |||
| 393,447 | – | 393,447 | |||
| ��������� | ���� | ��������� | |||
| Expenditure on charitable activities by activity type | |||||
| Activities | |||||
| undertaken | Grant funding | Total funds | Total fund | ||
| directly | of activities | Support costs | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Activity type 1 | 77,533 | 379,044 | 17,632 | 474,209 | 393,447 |
| �������� | ��������� | �������� | ��������� | ��������� | |
| Analysis of support costs | |||||
| Analysis of | |||||
| support costs | |||||
| activity 1 | Total 2024 | Total 2023 | |||
| £ | £ | £ | |||
| Governance costs | 64,136 | 64,136 | 11,072 | ||
| �������� | �������� | �������� |
7. Expenditure on charitable activities by fund type
8. Expenditure on charitable activities by activity type
9. Analysis of support costs
10
Tree Life Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
10. Analysis of grants
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Grants to institutions | |||
| Grants to institutions type 1 | 324,140 | 270,515 | |
| Grants to individuals | |||
| Grants to individuals type 1 | 54,904 | – | |
| ��������� | ��������� | ||
| Total grants | 379,044 | 270,515 | |
| ��������� | ��������� | ||
| 11. | Net (expenditure)/income | ||
| Net (expenditure)/income is stated after charging/(crediting): | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 14,901 | 17,473 | |
| �������� | �������� | ||
| 12. | Staff costs | ||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Wages and salaries | – | 20,150 | |
| ���� | �������� | ||
| The average head count of employees during the year was 20 (2023: | Nil). The average number | ||
| of full-time equivalent employees during the year is analysed as follows: | |||
| 2024 | 2023 | ||
| No. | No. | ||
| Number of staff - type 1 | 20 | – | |
| ���� | ���� |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
11
Tree Life Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Tangible fixed assets
| Motor | User defined | ||||
|---|---|---|---|---|---|
| vehicles | Equipment | asset | Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 April 2023 and 31 March 2024 | 5,000 | 28,969 | 179,619 | 213,588 | |
| ������� | �������� | ��������� | ��������� | ||
| Depreciation | |||||
| At 1 April 2023 | 1,250 | 7,242 | 8,981 | 17,473 | |
| Charge for the year | 937 | 5,432 | 8,532 | 14,901 | |
| ������� | �������� | ��������� | ��������� | ||
| At 31 March 2024 | 2,187 | 12,674 | 17,513 | 32,374 | |
| ������� | �������� | ��������� | ��������� | ||
| Carrying amount | |||||
| At 31 March 2024 | 2,813 | 16,295 | 162,106 | 181,214 | |
| ������� | �������� | ��������� | ��������� | ||
| At 31 March 2023 | 3,750 | 21,727 | 170,638 | 196,115 | |
| ������� | �������� | ��������� | ��������� | ||
| 15. | Creditors: amounts falling due within one year | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Bank loans and overdrafts | 27,290 | 31,947 | |||
| �������� | �������� | ||||
| 16. | Analysis of charitable funds | ||||
| Unrestricted funds |
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 | March 202 | |||
| 1 | April 2023 | Income | Expenditure | 4 | |
| £ | £ | £ | £ | ||
| General funds | 208,615 | 450,657 | (454,229) | 205,043 | |
| ��������� | ��������� | ��������� | ��������� | ||
| At | |||||
| At | 31 | March 202 | |||
| 1 | April 2022 | Income | Expenditure | 3 | |
| £ | £ | £ | £ | ||
| General funds | 149,482 | 452,580 | (393,447) | 208,615 | |
| ��������� | ��������� | ��������� | ��������� |
12
Tree Life Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
16. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March 202 | |||
| 1 April 2023 | Income | Expenditure | 4 | |
| £ | £ | £ | £ | |
| Restricted Fund 1 - desc in a/cs | – | 19,980 | (19,980) | – |
| ���� | �������� | �������� | ���� | |
| At | ||||
| At | 31 March 202 | |||
| 1 April 2022 | Income | Expenditure | 3 | |
| £ | £ | £ | £ | |
| Restricted Fund 1 - desc in a/cs | – | – | – | – |
| ���� | ���� | ���� | ���� | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2024 | |||
| £ | £ | |||
| Tangible fixed assets | 181,214 | 181,214 | ||
| Current assets | 178,000 | 178,000 | ||
| Creditors less than 1 year | (178,000) | (178,000) | ||
| ��������� | ��������� | |||
| Net assets | 181,214 | 181,214 | ||
| ��������� | ��������� | |||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Tangible fixed assets | 196,115 | 196,115 | ||
| Current assets | 44,447 | 44,447 | ||
| Creditors less than 1 year | (31,947) | (31,947) | ||
| ��������� | ��������� | |||
| Net assets | 208,615 | 208,615 | ||
| ��������� | ��������� |
17. Analysis of net assets between funds
13