Charity Registration No. 1160790 Company Registration No. 09153749 (England and Wales) MERSEY FOREST FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
MERSEY FOREST FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D McAleavy Mr P Nolan (Chairl Mi l Taylor Prof D Shaw Mr R Rogers Secretary Mr Paul Nolan Ch¥rity number 1160790 Company numbèr 09153749 Registered office 6 KansasAvenue Salford Gieater Man(l)ester MSO 2GL Independent examiner Peter Taaffe BWM Surte 5.1 12 Tb"Ihebam Slieet LNerpool L2 2DT Bankers Tridos Bank Deanery Road Bristol BS1 SAS Solicitors Brabners LLP Horton House Exchange Flags LNerpool L2 3YL
MERSEY FOREST FOUNDATION CONTENTS Pago Chairman's slalemenl Trustees, report Slalemenl of Trustees, responsibi1Slles Independent examinerfs report Slalemenl of flnancial activities 8818nce sheet Notes to the financial 51alements 10-16
MERSEY FOREST FOUNDATION CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 l am pleased lo continue as Chair for this current y8ar and lo dale. l am abl8 lo report the following ath'vilies, achigvemenls and performance.. Mersey Forest Foundation continued lo support the delivery of The Mersey Forest through projects focussed on community engagement. This year over £39,000 was generated through projects and donations. Income for community projects came mainly from two larger projects, funding for landscape works and a second grant from the Environment Agency for work in on the river Dane in Cheshire on Natural Flood Management, there were also a wide rango of smaller donations. The Foundation has continued lo support tree planting proj8cls through delivery of Corporate Social Responsibility ICSRI funding from a range of donors. This funding has enabled the purchase of trees for Mersey Forest projects as part of ils woodland planting objective. In 2020121, the Foundation was approached lo act al the fund holder and project manager for work in Sl Helens, one of the Mersey Forest Partner local aulhori118s. This opportunity would provide long lemi funding lo deliver new woodland and other habilal creation in Sl Helens and support the development of the next phase of the Foundation's work lo support delivery of the Mersey Forest. Future prioritl8S The Foundation continues lo support the delivery of the Mersey Forest with a clear focus on Continuèd Increase in opportunities for CSR programmes lo be funded through the Foundation Assessing opportunitle8 for appllcalions lo other charllable trusts for funding Working closely with Mersey Forest Partners lo maximise the benefits that can be achieved by the Foundation to dgliver its charitable objg¢live5. Now that the Foundation is established with a moderate amount of funding for projects, the Board will look to develop the range of skills available lo the Foundation with addilional Board members. Paul Nolan Chaimian Dated.. 20th December 2021
MERSEY FOREST FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 Introduction The Iruslees of Mersey Forest Foundation. who are also directors of the Company. present their annual report for the year ended 31st March 2021. The financial slalemenls havè been prepared in accordance with the accounting policies sel out in note one to the financial slalements and comply with the charity's Memorandum and Articles of Association, the Companiès Act 2006 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ire18nd IFRS 1021 leffeclive 1 January 20191. Vlslon, Purpose and Value8 Our Vision is to gel "More from Trees" through the creatn of The M8rsey Forest, The purpose of the charity is lo.. support the delivery of the Mgrsey Forest Plan. become the way for people lo support The Mersey Forest in their area. become a valuable member of The Mersey Forest Partnership. promote the role of The Mersey Forest for people, places and a thriving economy. be the primary source of unfeslricled income for The Mersey Forest Partnership by 2025 The values continue lo be.. lo advocate for the The Mersey Forest working in partnership lo gel mor8 done founded on excellent business praclice and corporate govemance innovative, creative, business-minded thinking Oblectlve8 and actlvltle8 The Objects of the Charily are specifically reslricled lo the promotion for the benefit of the public generally any charitable purpose within the North Wesl ol England or elsewhere as the Trustees shall determine connected with the enhancement and improvement, maintenance and protection of the environment and landscape and In particular lo.. promote. provide and enhance woodland for the benefit of the public.. promola tha genaral improvemant of 8gricullure and of industry and commèrce particularly in r61alion lo woodland or lorestry products., promote and provide for the improvement of derelict land or harmful sites., provide or help to provide for the general public facilities in the interests of social welfare for recreation and leisure lime occupation particulady involving the enjoyment of land and woodland as a public amenity land in furtherance lo help lo provide safe and convenient roules and modes of transport for the public, for safe cycling, and for the development of facilities including nature trails, reserves and sanctvaries. horse and cycle and foolMays, parkland and visitor facililies and car parks)., promote community participation in healthy recreation by providing facilities for playing particular sports., edueale the public in environmental mallers, in ecology and provide better appreciation of the environments and ways of better serving, protecting and improving the same and education and training in all matters relating to the environment and its interaction with the social and economic wellbeing of the community..
MERSEY FOREST FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 promote Ihe arts within the woodland and natural environments; promote for the benefit of the publlc the ecology and use of the natural environment and all species promote for the benefit of the public the conservation, enhancgment and improvement of the environment and lo educate the public in the importance of sustainablè development in relation to all the activities of the Charity. resources and maintenance of high and stable levels of economic growth and employment.. promote and protect 'green infrastructure, which shall mean the livlng network of green space8, water and other environmental features in both rural and urban areas and shall include trees. parks, gardens. road verges, allolmenls, c8meleries, woodlands, rivers. wetlands, farmland and other natural featur05 that operate as flood proloclion, carbon slorago or water purification., and protect the environment against the effgcts of climate change including the carrying out of activities lo miligale the effects of, and adapt lo, cllmale change. Statement of Public Benefit In meeting these objects, the charity's public benefll aim lo mainlaSn, complete and apply for fLJnding that supports projecis as detailed above. The charity has mel ils objectives by slicking lo the guidelines of the grants applied for. In setting out policy and planning these activities the tru51egs have given ¢on$ideralion lo the Charity Commission's general guidance on public benefit. The Charities Act identifies thirteen charitable purposes as being for the public benefit. Mersey Forest Foundation meets the public benefit principles by focusing on Ihrge of those charitable purpo$e$'. the advancem8nl of education. the advancement of health or the saving of lives. the advancement of environmental protection or improvement. The Trustees, have paid due regard lo guid8nee issuèd by the Charity Commission in deciding what acliviliès the charity should undertake. Flnanclal revlew The current year of activity has seen a decrease in the core funds lo the effect that the core lunds sland at £14,104 al the year end12020.. £18.0171. The core income came from Several donations. Reserves Policy and Going Concem Resetves are considered to be that part of the Trust's funds which are freely available for ils general purpose aftèr it has mel ils commitments and covered ils other planned expenditure. These unrèslricled funds are ngeded to bridge tho gap between the spending and receiving of income and to cover adminislralive, fundraising and support costs Wlthout which the Trust could not function. The Iruslees eon5ider that the ideal level of resetwes as at 31st March 2021 would be in the region of £7K being 2 years of core administration CO515 al their current level for insurance, accounting, govemance and general admin. The unre51ricted reserves were standing at £14,104 al 31 sl March 2021 12020.. £18,017) so are deemed to be adequate. Since the year end there has been no unexpected expendllure and the viability of the charity remains financlally sound. Investment Policies The charity has a policy of keeping any surplus funds in short term deposits, which can be accessed readily. On-line banking assists the monitoring of these accounts with a view lo achieving best interest rates for amounts held on deposit whilst at the same lime ensuring cash flow requirements are mel. Due lo wider economic circumstanS deposit rates have been depressed. The invested funds held on deposit achieved an average of 0.2%12020'. 0.20/01.
MERSEY FOREST FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Plans for Future Perlods The charity hasn't made any charitable grant payments Sin the year end and whilst it continues lo build up ils funds il has no intention of making any substantial grant payments soon. Structurè. govèrnance and management Goveming Document Mersey Forest Foundation is a company Ilmlled by guarantee govemed by ils Memorandum and Artlcles of Association dated 23rd July 2014 and was incorporated on 30th July 2014. 11 was rggistergd as a charity with the Charity Commission on 9th March 2015. Mersey Forest Foundation has one member being Community Forest Trust Ltd ie the charity is a wholly owned subsidiary of Community Forest Trust Ltd, itself a charitable company limited by guarantee. The liability of the members is limited, and each member agrees lo pay £10 in the event that the charity is dissolved. Appointment of Trustees The first and current Irusl8es were appointed land may be remov¢dl by the Community Forest Tru$l, ocling though ils board of Iruslees. There should be a minimum of three Iruslees and are recruited lo ensure that Ihe board of Iruslees has the requisite range of experience and skills 10 gffeGlively manage the Trust. Mr D McAleavy Mr P Nolan (Chairl Mr l Taylor Prof D Shaw Mr R Rogers Organisalion The board of Iruslees administers the charity. The trustees meet independently and liaise regularly by email and telephone. The board normally meets quarterly and collates information prepared by the finance team al Community Forest Trust and the Chair. A precis of the reports is made available to the board members of Community Fore81 Tnjsl. The Injslees during the year were Iruslees of other oryanisalions as follows.. Communlty Forest Trust Paul Nolan N14 lain Taylor NIA Dave Shaw Appointed.. 15 November 2011 Rick Rogers Appointed.. 26 June 2019 Dave McAleavy NIA Communlty For•st Land Trust Appointed. 29 Ocl 2013 Appointed.. 29 Oct 2013 Appointed.. 1 October 2019 Appointed.. 1 September 2019 Appointed.. 1 October 2019
MERSEY FOREST FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Related parties and co-operation with other organisations None of the Iruslees receive remuneration or other benefit for their work with the charity. Any contractual relationship with a related party must be disclosed in the current year and previous year and are detailed in note 12 of the financial slalemenls. Risk Manag8menl The monitoring and management of risk is a dynamic process and the charity faces some level of risk in the acts'vilies, events and contracts that il engages in. The trustees hav8 a risk rnanagemenl strategy which comprises, an annual review of the principal risks and uncertainties that the charity may face. the eslablishmenl of policies, systems and procedures lo miligale those risks identified in the annual review., and the implementslion of procèdurès designed to minimisa or manage any polenli81 impact tha charity should Ihose risks malerialise. Govemanc8 risks- eg inappropriate organisalional Slrudure, difficulties recruiting Iru$lge$ with relgvanl skills. conflict of inleresl. Flnancial rfsks - eg accuracy and timeliness of financlal information, adèquacy of reseN8s and cash flow, diversity of income sources. External risks - eg public percepllon and adverse publiclty, demographic changes, government policy. Compliance with law and regulation eg breach of trust law and regul810ry requirements of particular acts'vilies such as fund-raising. The charity's review of ils risk management will continue lo help ensure., *lhe eharily s aims are achieved more effectively. significanl risks are known and monitored enabling Iruslees lo make a more effective conlribulion. there is improved fomard planning Srnall cornpanS88 provlslons This report has been prepared in accordance with the special provisions relaling lo small companies within Part 15 of thè Companies Act 2006. report was approved by th8 board of Iruslees. Mr P Nolan {Chalrl Mr l Taylor Dated.. 20th December 2021 Daled.- 21st December 2021
MERSEY FOREST FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 The trustees, who are also the directors of Mersey Forest Foundation for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of thè charity and of the incoming resources and application of resourc8S, including the income and expenditure, of the charitable company for that year. In preparing these financial slalemenls, the Iruslees are required lo.. select suitable accounting policies and then apply them consistently. observe the methods and principles In the Charities SORP. make judgements and eslimales that are reasonable and prudent. slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts. prepare th8 financial slalemenls on the going concem basls unl88s Il Is inappropriat8 to presume that the charity will continuo in operation. The Iruslees are ro$ponsible for keoping sufficient accounting records that disclose with reasonable accuraw at any lime the financial position of the charity and lo enable them lo ensure that the financial stslemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and olh8r irregularities.
MERSEY FOREST FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES. OF MERSEY FOREST FOUNDATION I report to the trustees on rny ex8minakn.on of the finan(ial ststements of Metsey Forest Fotjndalion Ilhe charity) for the year ended 31 Marth 2021. Rèspoxsibilthès and basis of rèport As the Tmstees, of the charity land also its directors for the purposes of company lawl you are responsible for the piepaialion of the finanual stslemenls in a[dance wrth the requirements of the Companies Act 2006 Ithe 20C6 Act). Having satisfied tnysew that the finanual slalemenls of the ¢harrty are not requiie(I lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the chanty's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In ¢arrying oui my examination I have followed all the ap1(ae DIrectn$ given by Ihe Charty Commission under section 14515llbl of the 2011 Acl. Ind•pendÈnt examln¢¢$ statèment I have completed my examination. I confirni that no matters have com8 to my attèntion in connection with the examination giving me cause to believe that in any material respect". a¢¢ounb"ng re¢ords were not kept in iespe¢t ol the d)arty as required by $ection 386 of the 20 Act", or the financial stslemenls do not accord with Ih05e rerdS.. or the financial statements do not cofflply wrth the accounting reqU1ments of $e¢tion 3 of the 20 A(* other than any requirement that the acownts gNe a tnje and fair whith is not a matter considered as part of an independent examination.. or the finanrial statements have not been prepared in aco)rdance wth the methods and princjples of the Statement of Recommended Practice for accounting and reporting by charities applicable to chanbes preparing their aw)unt5 In a¢w[dan with the Financial Reporb"ng Standaid applicable in the UK and Republic of Ireland IFRS 1021. I have rho co[eMS and have come acTOSS no other matters in connedion wth the exarninalion to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mr Peter Taaffe FCA CTA DChA Chartered Aountants Suite 5.1 12 Trthebam Slreel Lwerpo(4 L2 2DT 2311212021
MERSEY FOREST FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestrlcted Restrlcted funds funds 2021 2021 Total Unrestricted Reslricled funds funds 2020 2020 Total 2021 2020 Notes Donations and legacies Charitable activities Invgslments 9,082 9,082 30.898 98 11,282 11,282 29.461 252 30,898 29.461 98 252 Total Income 9,180 30,898 40,078 11,534 29,461 40,995 Charitable activities 13,093 29,286 42.379 10,249 20,678 30.927 Netlgxpendltureylncome for the ytarl Not mov•mont In fund8 13,9131 1,612 12.3011 1,285 8,783 10.068 Fund balancgs at 1 April 2020 18,017 32,298 50,315 16,732 23,515 40.247 Fund balancès at 31 March 2021 14,104 33,910 48,014 18,017 32,298 50,315 The slalemenl of flnancial aclivllies Includes all galns and losses recognlsed In the year. All Income and expenditure derfve from conllnuing aclivitles. The stalemonl of financial aclivilies also complies with the requirements for an income and expenditure account und8r the Companies Act 2006.
MERSEY FOREST FOUNDATION BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Notes Current a8SOt8 Debtors Cash al bank and in hand 12 30.093 54,624 3.508 55,486 84,717 58,994 Credltors: amounts falllng due wlthln one yoar 13 136,7031 18,6791 Nel current asset8 48,014 50,315 Income funds Restricted funds Unreslricled funds 33.910 14,104 32,298 18,017 48,014 50,315 The company is enlilled lo the exemption from Ihg audit rgquiremenl contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021. The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial slalemenls which give a true and lair view of the slate of affairs ol the company a8 al the end of the financial year and ol ils incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of Sections 394 and 395 and which olhetwise comply wllh the requirements of the Companies Act 2006 relating lo financial slalgmenls. so far as applicable lo the company. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordan with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the sm811 companies reglme. The financlal stslemenls were approved by the Trustees, on Decewb 2021 Mr l Taylor Trustee Trustee Company Registratlon No. 09153749
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 A¢countlng pollcles Charlty Infomiatlon Mersey Forest Foundation is an incorporated charity registered in England and Wales. The registered office is 6 Kansas Avenue, Salford, M50 2GHL. 1.1 Ac¢ountlng Conventlon The financial slalemenls have been preparad in accordance with the charity's M8mor8ndum and Articles of Association, Ihg Charits'gs Act 2011 and 'A¢counling and Reporting by Charities.. Stalemgnl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting pèriods commencing from 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts In these financial slalemenls are rounded lo the n8aresl £. The accounts have been pr&pared under the historical cost convention. The principal accounting policies adopted are set out below. The Charity has taken advantage of the provlsions in the SORP for Charflies applying FRS 102 Update Bullelln 1 not to prepare a Slalemenl ol Cash Flows. The financial statements ar8 prepared in sterling. which is the functional Currency of the charity. Monetary amounts in these linancial slalemenls are rounded lo the nearest £. The financial slalements have been prepared under the historical cost convention, modified lo include the revaluation of freehold properties and lo include inveslrnenl properties and certain financial instruments at fair value. The principal accounting policies adopted are sel out below. 1.2 Golng concern Al the lime of approving the accounts, the Iruslees have a reasonable expeclallon that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus. the 1rusl8e$ continue lo adopt the going concern basis ol accounting in preparing the accounts. 1.3 Charltable funds Unreslrieled funds are av8118ble for use al the dlscrellon of the Trustees, In furtherance of Ihelr charltsble objectives. Reslricled funds are sublecl lo specific conditions by donors as lo how they may be used. The purposes and uses ol the reslricled funds are sel out in the notes lo the financial slatemenls. Endowment funds are subject to specific conditions by donors that the capital musl be maintained by the charity. 1.4 Income Voluntary income, including donations, gifts and legacies. and grants that provide core funding or are of a general nature are recognised where there is enlillemenl., where any performance conditions have been met,. where it is probable that the income will be re¢gived, and thg amount Can be mgasured reliably. Income received In advance of a specific project would be deferred until the criteria for income recognition are met. 10
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (continued) Donated Services and F8cilities Donated professional setvices and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been mel, the receipt of economic benefit from the use by the charity of the item is probable and Ihal the economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, volunteer lime is not recognised and for this current year there has been no volunteer input. On receipt, donated professional services and donated facilities are recognisee on the basis of the value of the gift lo charity which is the amount the charlty would have been willlng lo pay lo oblaln services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure In the perlod of recelpl. Interest ReGeivable Interest on funds held on deposit Is included when receivable and the amount can be measured rellably by the ¢harily.' this is nomially upon notifi¢alion ol Ihg inlergst paid or payable by the bank. FundAccounling Unreslricled funds are available lo spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Iruslees have decided at their discretion lo sel aside lo use for a specific purpose. Reslricled funds are donations which the donor has specified are lo be solely used for particular areas of the charity's work. 1.5 Exp•ndltur• Expenditure and Irrecoverable VA T Expenditure is recognised once there is a legal or conslruclive obligallon lo make 8 payment lo a IhSrd party, il is probable that selllemenl will be required, and the amount of the obligation can be measured reliably. Expendllure Is classSfled as follows: Expenditure on charitable activities includes grants payable and other adminislralion costs lo further the purposes of th8 charity. Irreeoverable VAT is charged as a cost against the activity for which thè expenditure was incurred. 1.6 Cash and cash equlvolgnls Cash al bank and at hand Cash al bank includes cash and short lem highly liquid investments with a short maturity of 3 months or less from the date of deposit. 1.7 FSnanclal Instrumonts The charity has elected lo apply the provisions of Section 11 '8asic Financial Inslrumenls, and Section 12 'Olher Fin8nci81 Instruments Issues, of FRS 102 to 811 of its flnancial inslrumenls. Financial instruments are recognised in the charfty's balance sheet when the charity becomes party lo the contractual provisions of the inslrumgnl. Financial assets and liabilities are offset, with the nel amounts presented in the financial slatemenls, when there is a legally enfor¢eable right to sel off the recognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and settle the liability simultaneously.
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (continued) Baslc flnanclal assets Basic financial liabilities, including creditors and bank loans a initially rewgnised at transaction price unless the arrangement constitutes a financing Iransaclion. where the debt Instrument is measured al the present value of the future receipts discounted at a market rale of interest. Financial liabilities classified as payable wilhln one year are not amortised. Debt instruments ar8 subsequently carried al amortlsed cost, uslng the effective Interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquirèd in the ordinary course of operations from suppliers. Amounts payable are classified as curr9nt liabilitlgs if payment is due within one year or less. 11 not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. B•slc fln•nclal Ilabllltlgs Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangemenl conslilules a financing Iransaclion. where the debt instrument is measured al the present value of the future paymènts dlscounled al a m8rkel rale of Interest. Flnanci81 Ilabllllles classlfièd as payable within one year are not amortised. Oebl instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or s8rvices Ihal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities il payment is due within ong ygar or loss. 11 not, they are presented as non-currenl liabililigs. Trade Creditors are rgcognised initially al Ir8nsacllon prlce and subsequently measured at amortlsed cost uslng the effectlve Interest method. Dere¢o9nltlon ol flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.8 Taxatlon Corporation Tax As a registered charity, the Company benefits from various exemptions from laxalion afforded by tsx legislation and is not liable lo corporation tax on income or gains falling within those exemptions. 1.9 Debtors Debtors are recognised al the settlement amount due. 1.10 Cradltors Creditors and accruals are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds lo a third party and the amount due lo settle the obligation can be measured or estimated reliably. rltlcal accountlng ostlmates and ludgem8nt$ In the application of the charity's accounting policies, the Iruslees are required to make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results May differ Irom these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period of the revision and future periods where the revision affects both current and future periods. 12
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Legal Status The Charity is a company limited by guarantee and has no share capital, In the event of the charlty being wound up. the liability in respect of the guarantee is limited to £10 per member of the charity. Donatlons and Iggaclos Unrestrlcted Unrestricted funds funds 2021 2020 Donatlons and gSft5 Donations Donated seryices- staff lime Donated seryices- support costs 9,082 5.122 4.576 1.584 9,082 11.282 Charltablo a¢tlvlllo¥ Charltablo Charltablo Incomg Incomo 2021 2020 Grants received 30,898 29.461 Investments Unrestrlctod Unrestricted funds funds 2021 2020 Interest receivable 98 252 The charity's investment income of £98 12020.. £2521 arises from money held in interest bearing deposit accounts. 13
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charltable actlvltles Unrestrlcted Restrlcted Funds Funds 2021 2021 Totalunrestrlcted Restrlcted 2021 Funds Funds 2020 2020 Total 2020 Grants payable Project costs Insurance Adminislralion costs Donated services 26.324 2.962 26.324 11.605 605 396 6.165 14.513 6.165 14.513 592 8.643 605 396 592 4,576 4.576 9.644 29.286 38.930 5.252 20.678 25.930 Share of support costs (see note 81 Share of governance c051s (see note 81 532 532 2,113 2,113 2,917 2,917 2,884 2,884 13.093 29.286 42.379 10.249 20.678 30.927 Analy$l$ by fund Unreslricled funds Reslricled funds 13,093 13.093 29,286 10.249 10,249 20,678 29,286 20,678 13.093 29.286 42.379 10.249 20.678 30.927 Support costs Support Governance costs costs 2021 Support Governance costs costs 2020 General office 532 532 2,113 2,113 Independent examiners fee Accountancy 1,272 1,645 1,272 1,645 1,200 1,684 1.200 1,684 532 2,917 3,449 2.113 2.884 4.997 Analysed between Charitable activities 532 2,917 3,449 2,113 2,884 4.997 Trustees. None of the Iruslees lor any person eonnecle¢J to them) received any remuneration or were reimbursed expenses during the year.12020- £Nill. 14
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 31 MARCH 2021 10 Employee¥ The average monthty number of employees during the year was. 2021 Numbèr 2020 Number Total 11 Flnanclal Instrum•nts 2021 2020 Carrying amount of financial assets Debt instruments measured at amortised 3t 93 Carrying amount of finantial liabilrtiès Measured at amorts'sed cost 36,703 8,679 12 Debtors 2021 2020 Amounts falling due within one year: Trade debtors Prepayments and accrued income 93 30,000 30.093 13 Creditors: amounts falling due within one year 2021 2020 Tiade creditors A¢¢wals and deferred InMe 26,324 10.379 596 8.083 36,703 8,679 15-
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 14 Re8trlcted funds The income funds of the charity include reslricled funds comprisin9 the following unexpended balances of donations and grants held on trust for spgryfic purposes.. Movgm?nt In fund• In¢omlng Movement In lund• In¢omlng R••ourc¢i 8•l•n¢o •t rwourc •xpond•d 31 M•r¢h 2Q21 B•l•n¢* •t l Aprll 201• B•l•nc¢ •t •xpfrrbd•d 1 Aprll 2020 Harbison Walker Inlernalion81 Remondis UK Cheshire West and Chester Mersey Rivers Trust Groundwork LEC (Liverpooll Environmental Agency Lower Dane WFD Inlervenlions 11,89S 5,000 5,000 1,165 455 11,985 5,000 904 11.985 5,000 904 1,500 15,5961 11,1651 11941 1,000 12.000 14,961 1,261 12,000 1,238 18261 435 12.000 113,7231 1,377 30,000 12,6151 126,3241 3.676 23,515 29,461 120,6781 32,298 31,377 129,7651 33.910 16
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 14 Restrlcted fund¥ Icontlnuedl Tho Harbison Walker Inlemalional ftjnd is lor the planting of trees al schools. The Remondis UK fund is a fund lo support Trees for Learning. The Cheshire Wesl and Cheshire Fund is for the planting of trees al the Countess tsf Chester Country Park. Uplon School and Countess of Chester Hospital. The Mersey Rlvers Tru81 Fund was for the supply of tree whips al Billslon Golf Clun. The Groundwork's fund is for the planting of Irees al Risley Mos5 and Allerton Oak. The LEC (Liverpooll Ltd. fund is for the provision of Community Green spaces al Lyme & Wood Landfill sile and Colliers Moss Common. The funding from the Environment Agenw relates lo the Warmingham Seep89e Barrier Project. Th8 Lower Dane WDD Interventions fund relates lo the Water Fram8 Directive. 17
MERSEY FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 31 MARCH 2021 15 Analysi$ of net a$¥ets between lund$ UnrÈstrictÈd Rèstrictèd fund$ lund$ 2021 2021 Total Unrestricaed Restricted funds ftjnds 2020 2020 Total 2021 2020 Fund balances at 31 March 2021 are pre$ented by". Current assetsl 14.104 33.910 48.014 18,017 32,298 50.315 14,104 33.910 48.014 18.017 32,298 50.315 16 Relatsd party transactions There were no disdosable related party transactions during the year I2020- none). 18-