Charity number: 1180103
GREEN NETWORK
TRUSTEE'S REPORT AND FINANCIAL STATEMENTS
For the year ended 30 September 2021
GREEN NETWORK
Contents Page For the year ended 30 September 2021
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements |
…….6 to 9 |
GREEN NETWORK Report of the Trustees For the year ended 30 September 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 September 2021. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
It aims to develop socio-economically equitable methods of farming practices, especially in pastoral breeding of farm animals and hydroponics in Nigeria. Since its establishment, Green Network has trained Nigeria youths on pig production and cultivation of cassava. In order to further the development of the organization, Green Network has worked closely with agriculture cooperatives and churches.
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GREEN NETWORK Report of the Trustees Continued For the year ended 30 September
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity GREEN NETWORK Charity registration number 1180103 Principal address 4 Saxon Way Haywards Heath RH16 2NT
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Oladapo Ayodeji Lawson Niyi Atunrase Funlola Omoleye Onifade Sunday Adeniran Adigun Oghenevo Esther Adigun Olubunmi Adeniji
Independent AACSL Accountants Limited examiner 1st Floor North Westgate House Harlow Essex CM20 1YS Approved by the Board of Trustees and signed on its behalf by ............................................................................. 28th August 2025 Sunday Adeniran Adigun
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Independent Examiners Report to the Trustees For the year ended 30 September 2021
GREEN NETWORK
I report to the trustees on my examination of the accounts of the charity for the year ended 30 September 2021.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required
for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.
It is our responsibility to:
- examine the accounts (under section 43(3)(a) of the 1993 Act);
• to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- To state whether matters have come to our attention.
Basis of independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination
includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning
any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we
do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with our examination, no matter has come to our attention:
(1) Which gives us reasonable cause to believe that in any material respect the requirements,
- to keep accounting records in accordance with section 41 of the 1993 Act; and
• To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act as amended.
Have not been met; or
(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
AACSL Accountants Limited 1st Floor North Westgate House Harlow
Essex CM20 1YS
28[th] August 2025
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GREEN NETWORK
Statement of Financial Activities
For the year ended 30 September
GREEN NETWORK
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 30 SEPTEMBER 2021
| Notes INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Income from charitable activities 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Governance 5 TOTAL RESOURCES EXPENDED Net income/(outgoing) resources Total funds brought forward Total funds carried forward |
Un-restricted funds 2021 £ - |
Restricted Funds 2021 £ - - - - - - - - |
Total Funds 2021 £ - - 12,244 120 12,364 12,364 - 2,595 - 14,959 - |
Total Funds 2020 £ 8,439 |
|---|---|---|---|---|
| - | 8,439 | |||
| 12,244 120 |
8,360 500 |
|||
| 12,364 | 8,860 | |||
| 12,364 - 2,595 - |
421 - 2,174 - |
|||
| 14,959 - |
2,595 - |
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GREEN NETWORK Statement of Financial Position As at 30 September 2021
GREEN NETWORK BALANCE SHEET AS AT 30 SEPTEMBER 2021
| Notes FIXED ASSETS Tangible Assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand Current Liabilities Creditors: amounts falling due within one year 8 Total Asset Less Current Liabilities Long Term Liabilities Creditors: amounts falling due more one year 9 NET ASSETS FINANCED BY: Unrestricted funds 10 Restricted Funds TOTAL FUNDS |
2021 Total £ 1,815 1,827 1,827 (11,601) 7,959 - (7,000) 14,959 - 14,959 - 0 14,959 - |
2020 Total £ 2,325 - 3,080 |
|---|---|---|
| 3,080 (500) |
||
| 4,905 | ||
| (7,500) | ||
| 2,595 - |
||
| 2,595 - 0 |
||
| 2,595 - |
Mr Adeniran Adigun on behalf of the trust. Trustee 28 August 2025
The financial statements were approved and authorized for issue by the Board and signed on its behalf by:
Sunday Adeniran Adigun Trustee
28 August, 2025.
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GREEN NETWORK Notes to the Financial Statements
For the year ended 30 September 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.
GREEN NETWORK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Resources expended
Liabilities are recognized as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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GREEN NETWORK
Notes to the Financial Statements
For the year ended 30 September 2021
GREEN NETWORK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 September 2021
| Note 2. Incoming Resources |
Unrestricted Funds £ |
Restricted Funds £ |
2021 Total Funds £ |
2020 Total Funds £ |
|---|---|---|---|---|
| Income from charitable activities | - | - | - | 8,439 |
| Note 3. Resources Expended - Activities Software General Expenses Mobile & Internet bank charges Equipment Interest Payable depreication equipment Charitable Activities - Animal feedings Salaries Accountancy fees Note 4. Resources Expended – Governance 1 Accountancy Governance cost |
- Unrestricted Funds £ 3,976 6,976 135 204 383 60 510 - - 120 12,364 Unrestricted Funds £ 120 |
- Restricted Funds £ - - - - - - - - - - - Restricted Funds £ - - |
- 2021 Total Funds £ 3,976 6,976 135 204 383 60 510 - - 120 12,364 2021 Total Funds £ 120 |
8,439 2020 Total Funds £ - - - - - - 510 4,850 3,000 500 8,860 2020 Total Funds £ 500 |
| 120 | - | 120 | 500 | |
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GREEN NETWORK
Notes to the Financial Statements
For the year ended 30 September 2021
| 2021 | ||
|---|---|---|
| Note 5. TANGIBLE ASSETS |
Equipment £ |
Total £ |
| Cost | 2,325 | 2,325 |
| Additions - Revaluation - Disposal - Total Costs 2,325 Depreciation Charge for the year 2021 510 Balance carried forward 510 At 30 September 2021 1,815 At 30 September 2020 2,325 At 30 September 2019 2,835 Debtors 2021 This is made up as follows: £ Trade Debtors 1,813.72 Other Debtors 1,813.72 Note 6. Cash at bank and in hand 2021 £ Cash at bank 13 Cash at hand 1,814 1,827 Note 7. Creditors: amounts falling due within one year 2021 This is made up as follows: £ Other Creditors (10,981) b/f (500) Accountancy (120) (11,601) |
- - - 2,325 510 510 1,815 2,325 2,835 2020 £ - 2020 £ 3,080 3,080 2020 £ 0 (500) (500) |
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GREEN NETWORK Notes to the Financial Statements
For the year ended 30 September 2021
| Note | 8. | Creditors: amounts falling due more | than one | year | ||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| This is made up as follows: | £ | £ | ||||||
| Bounce Back Loan | (7,000) | (7,500) | ||||||
| (7,000) | (7,500) | |||||||
| Note | 09. | Movement in funds | ||||||
| Opening | Incoming | Incoming | Resources | |||||
| balance | resources | resources | expended | |||||
| General Donations | Other Income | |||||||
| £ | £ | £ | £ | |||||
| Unrestricted funds | ||||||||
| General | - | 2,595 | - | - | (12,484) | |||
| - | 2,595 | - | - | (12,484) | ||||
| Restricted funds | - | - | - | - | ||||
| - | 2,595 | - | - | (12,484) | ||||
| Note | 09.1 | Analysis of net assets by fund | 2021 | |||||
| Total | ||||||||
| Funds | Funds | |||||||
| £ | £ | |||||||
| Cash at bank and in hand | 1,827 | 1,827 | ||||||
| Other net assets (liabilities) | - | 16,786 | - | 16,786 | ||||
| - | 14,959 |
- | 14,959 |
|||||
| Note | 10. | TRUSTEES REMUNERATION | ||||||
| The Trustees did not receive any emoluments | and no out of pocket expenses were paid during the | |||||||
| year (2023: £nil) |
Note 11. As a company, GREEN NETWORK is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have arisen in the Company.
Note 12. Control
The ultimate controlling parties are the trustees’ as stated on page 2.
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