2022-03-31-accounts - Tree Sisters

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For the year ended 31 March 2022	For the year ended 31 March 2022	For the year ended 31 March 2022
Company	number	07369964
Charity number		1149961
Registered	oFFice	Sth Floor Mariner	House
		62 Prince Street
		Bristol
		BS14QD
Trustees		Trustees, who are	also	directors	under company	law, who served during the
		year and up to the	date	oFthis report were as Follows:
		JComeau		appointed	20September	2021
		JGomez-Paratcha
		AJenkins
		J Leaman-Grey		resigned	18March 2022
		V Linforth		appointed	4April 2022,	resigned	22July 2022
		M Ling		appointed	4April 2022,	resigned	31 October 2022
		SPunja		appointed	4April 2022
		M Salas		appointed	4April 2022
Chief executive		W Stephenson		to 31 December 2021
		D McNicol-Jones		From 1 January 2022 to		18May 2022
Bankers		The Co-operative	Bank	p.Lc.
		PO Box101
		1 Balloon Street
		Manchester
		M60 4EP
Auditors		Godfrey Wilson Limited
		Chartered accountants		and statutory auditors
		Sth Floor Mariner	House
		62 Prince Street
		Bristol
		BS14QD

					2022	2021
			Restricted	Unrestricted	Total	Total
		Note	6	6	6	6
Income From:
Donations			1,432,759	433,613	1,866,372	1,971,379
Charitable activities			1,902	7,583	9,485	59,463
Other trading	activities			9,257	9,257	15,809
Investments				181	181	263
Other						91,181
Total income			1,434,661	450,634	1,885,295	2,138,095
Expenditure on:
Raising Funds				385,133	385,133	186,107
Charitable activities			900,580	369,589	1,270,169	1,460,878
Other costs				52,319	52,319
Total expenditure			900,580	807,041	1,707,621	1,646,985
Net income/(expenditure)			534,081	(356,407)	177,674	491,110
Other recognised	gains
Gain on revaluation	of
intangible Fixed assets						137,284
Net movement in Funds			534,081	(356,407)	177,674	628,394
Reconciliation oFFunds:
Total funds brought	Forward		220,970	676,908	897,878	269,484
Total Funds carried Forward			755,051	320,501	1,075,552	897,878

							2022	2021
					Note		F.	5
Fixed assets
Tangible assets					11		11,950	21,092
Intangible assets					12			155,951
							11,950	177,043
Current assets
Stock					13	1,500
Debtors					14	137,564		160,661
Cash at bank	and	in	hand			938,726		757,979
						1,077,790		918,640
Liabilities
Creditors: amounts			falling due within	1 year	15	(14,188)		(197,805)
Net current	assets						1,063,602	720,835
Net assets					17		1,075,552	897,878
Funds					18
Restricted funds							755,051	220,970
Unrestricted	Funds
General	funds						320,501	540,601
Revaluation		reserve						136,307
Total charity	Funds						1,075,552	897,878

						2022	2021
							6
Cash used in operating activities:
Net movement in Funds						177,674	628,394
Adjustments For:
Depreciation charges						8,700	8,945
Gains on intangible assets							(137,284)
Interest from investments						(181)	(263)
(Profit) / loss on the disposal of		intangible			assets	52319	(91,181)
I oss on the disposal oFFixed assets						222
Increase in stock						(1,500)
Increase / (decrease) in debtors						23,097	(132,507)
Decrease in creditors						(183,617)	(39,626)
Net cash provided by operating		activities				76,714	236,478
Cash Flows From investing	activities:
Interest from investments						181	263
Proceeds from the sale of	tangible		assets			220
Proceeds from the sale of	intangible		assets			103,632	107,110
Net cash provided by investing		activities				104,033	107,373
Increase in cash and cash	equivalents			in the year		180,747	343,851
Cash and cash equivalents	at the	beginning			oFthe year	757,979	414,128
Cash and cash equivalents	at the		end	ofthe year		938,726	757,979

re on cha	ritable activities on the	Following basis:
		2022	2021
Raising Funds		23%	1 5'/o
Charitable	activities	77%	85%

Prior period comp	aratives
					2021
			Restricted	Unrestricted	Total
			F.	6	6
Income From:
Donations			1,250,581	720,798	1,971,379
Charitable activities			7,613	51,850	59,463
Other trading	activities		11,394	4,415	15,809
Investments				263	263
Other				91,181	91,181
Total income			1,269,588	868,507	2,138,095
Expenditure on:
Raising Funds				186,107	186,107
Charitable activities			1,090,236	370,642	1,460,878
Total expenditure			1,090,236	556,749	1,646,985
Net income			179,352	311,758	491,110
Transfers between	Funds		6,884	(6,884)
Other recognised	gains:
Gain on revaluation	ofintangible	Fixed assets		137,284	137,284
Net movement in	Funds		186,236	442,158	628,394

Other	income
			2022	2021
			Total	Total
			f
Profit	on disposal ofintangible	fixed assets		91,181

Total expenditure
					Support and
		Raising	Charitable	Other	governance	2022
		Funds	activities	costs	costs	Total
		E	6	5	6	6
Fundraising costs		7,036				7,036
Staff costs (note 9)		108,264	105,285		226,941	440990
Grants to partners (note 7)			812,146			812,146
Other project costs					3,870	3,870
Website and ITcosts					23,556	23,556
Audit and accountancy					10,080	10,080
Consultancy		132,068	48,627		72,123	252,818
I egal and professional	fees				1,673	1,673
Insurance					885	885
Travel and subsistence		172	540		6,511	7,223
Staff welFare					5,187	5,187
Telephone and
administration					8,026	8,026
Training materials and
courses			763		1,200	1,963
Bookkeeping Fees					11,555	11,555
Charges and subscriptions		41,206			13,145	54,351
Marketing		552	514			1,066
Event and workshop costs					279	279
Depreciation					8,700	8,700
Loss on disposal oftangible
Fixed asset					222	222
Loss on disposal of
intangible Fixed asset				52,319		52,319
Foreign exchange loss		4,176				4,176
Sub total		293,474	967,875	52,319	393,953	1,707,621
Allocation oFsupport	and
governance costs		91,659	302,294		(393,953)
Total expenditure		385,133	1,270,169	52,319		1,707,621

Total expenditure	(continued)	(continued)
Prior period comparative					Support and
			Raising	Charitable	governance	2021
			Funds	activities	costs	Total
			6	6	f.
Fundraising costs			10,481			10,481
Staff costs (note 9)			38,047	175,733	63,997	277,777
Grants to partners	(note 7)			987,954		987,954
Website and ITcosts					30,278	30,278
Audit and accountancy					5,820	5,820
Consultancy			33,330	94,614	80,387	208,331
Legal and professional					353	353
Insurance					1,154	1,154
Travel and subsistence			259			259
Staffwe(fare					3,979	3,979
Telephone and
administration					472	472
Training materials	and
courses				311	6,750	7,061
Bookkeeping Fees					12,551	12,551
Charges and subscriptions			62,795		12,351	75,146
Marketing			301	9,047		9,348
Trustee expenses					280	280
Depreciation					8,945	8,945
Foreign exchange	loss		6,796			6,796
Sub total			152,009	1,267,659	227,317	1,646,985
Allocation oFsupport		and
governance costs			34,098	193,219	(227,317)
Total expenditure			186,107	1,460,878		1,646,985

This is st	ated aFter cha	rging /(crediting)	:
				2022	2021
					f.
Depreciation				8,700	8,945
I oss on disposal of Fixed assets				222	Nil
(Profit) /	loss on disposal ofintangible		Fixed assets	52,319	(91,181)
Trustees'	remuneration			Nil	Nil
Trustees'	reimbursed	expenses		Nil	280
Auditors'	remuneration:
	~ Statutory	audit (inct VAT)		9,000	5,820

Total	grants	paid t	o institution	s during the year were as	Follows:
					2022	2021
					6	f.
The Eden Projects					496,872	691,694
International		Tree	Foundation	- Kenya	129,000	60,000
WE Forest					60,000	107,613
Isha					60,000
Health	in Harmony-		Borneo		46,524	49,897
Aquaverde		-Amazonia			19,750	93,750
International		Tree	Foundation	-Cameroon		(15,000)
					812,146	987,954
Grant	commitments
					2022	2021
					6	E
Grant	commitments		brought	Forward	171,533	222,632
Grants	committed		during the	period	812,146	987,954
Grants	paid	during	the period		(983,679)	(1,039,053)
Grant	commitments		carried Forward (note 15)			171,533

Staff costs we	re as follows:
		2022	2021
			6
Salaries and wages		401,408	257,073
Social security	costs	32,267	13,264
Pension costs		6,815	7,440
		440,490	277,777
No employee	earned more than 660,000during the year.
		2022	2021
		No.	No.
Average head	count (full-time equivalent)	15

Tangible Fixed assets
	Computer
	equipment	Equipment	Website	Total
	f.	6	6	6
Cost
At 1 April 2021	1,234	814	33,737	35,785
Disposals		(814)		(814)
At 31 March 2022	1,234		33,737	34,971
Depreciation
At 1 April 2021	1,002	338	13,353	14,693
Charge for the year	232	34	8,434	8,700
On disposals		(372)		(372)
At 31 March 2022	1,234		21,787	23,021
Net book value
At 31 March 2022			11,950	11,950
At 31 March 2021	232	476	20,384	21,092

Intangible assets
	Bitcoin
	holding
	6
Cost
At 1 April 2021	155,951
Disposals	(155,951)
At 31 March 2022
Amortisation
At 1 April 2021 and at 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021	155,951
Historical cost
At 31 March 2022
At 31 March 2021	19,645

13.	Stock
		2022	2021
			6
	Donated goods For sale	1,500
14.	Debtors
		2022	2021
			F.
	Prepayments	2,082	7,668
	Accrued income	86	2,202
	Other debtors	135,396	150,791
		137,564	160,661

Creditors: amounts due within 1year
	2022	2021
		F.
Trade creditors		9,958
Accruals	14,188	184,447
Other taxation and social security		3,399
	14,188	197,805

	Restricted	Revaluation	General	Total
	Funds	reserve	Funds	Funds
		6	f.	6
Tangible Fixed assets			11,950	11,950
Current assets	755,051		322,739	1,077,790
Current liabilities			(14,188)	(14,188)
Net assets at 31 March 2022	755,051		320,501	1,075,552
Prior period comparative	Restricted	Revaluation	General	Total
	Funds	reserve	Funds	Funds
	6		f.
Tangible Fixed assets			21,092	21,092
Intangible assets		136,307	19,644	155,951
Current assets	392,503		526,137	918,640
Current liabilities	(171,533)		(26,272)	(197,805)
Net assets at 31 March 2021	220970	136307	360601	097870

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