Charity number: 1180103
GREEN NETWORK
TRUSTEE'S REPORT AND FINANCIAL STATEMENTS
For the year ended 30 September 2022
GREEN NETWORK
Contents Page For the year ended 30 September 2022
| 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 8 |
GREEN NETWORK Report of the Trustees For the year ended 30 September 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 September 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 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 2022
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 2022
GREEN NETWORK
I report to the trustees on my examination of the accounts of the charity for the year ended 30 September 2022.
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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Statement of Financial Activities For
GREEN NETWORK
the year ended 30 September 2022
GREEN NETWORK
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 30 SEPTEMBER 2022
| Notes INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Income from charitable activities 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Governance 3 TOTAL RESOURCES EXPENDED Net income/(outgoing) resources Total funds brought forward Total funds carried forward |
Un-restricted funds 2022 £ - |
Restricted Funds 2022 £ - - - - - - - - |
Total Funds 2022 £ - - 4,555 120 4,675 4,675 - 14,959 - 19,634 - |
Total Funds 2021 £ |
|---|---|---|---|---|
| - | - | |||
| 4,555 120 |
12,244 120 |
|||
| 4,675 | 12,364 | |||
| 4,675 - 14,959 - |
12,364 - 2,595 - |
|||
| 19,634 - |
14,959 - |
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GREEN NETWORK Statement of Financial Position As at 30 September 2022
GREEN NETWORK BALANCE SHEET AS AT 30 SEPTEMBER 2022
| 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 |
2022 Total £ 1,305 1,814 14 1,827 (17,267) 14,134 - (5,500) 19,634 - 19,634 - 0 19,634 - |
2021 Total £ 1,815 1,827 |
|---|---|---|
| 1,827 (11,601) |
||
| 7,959 - |
||
| (7,000) | ||
| 14,959 - |
||
| 14,959 - 0 |
||
| 14,959 - |
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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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 ACCOUNTS FOR THE YEAR ENDED 30 September 2022
| Note 2. Incoming Resources |
Unrestricted Funds £ |
Restricted Funds £ |
2022 Total Funds £ |
2021 Total Funds £ |
|---|---|---|---|---|
| Income from charitable activities | - | - | - | |
| Note 3. Resources Expended - Activities Software General Expenses Mobile & Internet bank charges Equipment Interest Payable depreication equipment |
- Unrestricted Funds £ 1,209 1,794 105 134 22 159 510 |
- Restricted Funds £ - - - - - - - |
- 2022 Total Funds £ 1,209 1,794 105 134 22 159 510 |
- 2021 Total Funds £ 3,976 6,976 135 204 383 60 510 |
| Travels | 122 | - | 122 | - |
| Professional fee Accountancy fees Note 4. Resources Expended – Governance 1 Accountancy Governance cost |
500 120 4,675 Unrestricted Funds £ 120 |
- - - Restricted Funds £ - - |
500 120 4,675 2022 Total Funds £ 120 |
- 120 12,364 2021 Total Funds £ 120 |
| 120 | - | 120 | 120 | |
| 2022 | ||||
| Note 5. TANGIBLE ASSETS |
Equipment £ |
Total | ||
| Cost | 1,815 | 1,815 | ||
| Additions Revaluation Disposal Total Costs Depreciation Charge for the year 2021 Balance carried forward At 30 September 2022 At 30 September 2021 At 30 September 2020 Debtors This is made up as follows: Trade Debtors Other Debtors |
- - - 1,815 510 510 1,305 1,815 2,325 2022 £ 1,813.72 1,813.72 |
- - - 1,815 510 510 1,305 2,325 2,835 2021 £ 1,813.72 1,813.72 |
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| Note | 6. | Cash at bank and in hand | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||
| Cash at bank | 14 | 13 | |||||||
| Cash at hand | 1,813.72 | ||||||||
| 14 | 1,827 | ||||||||
| Note | 7. | Creditors: amounts falling due within one year | |||||||
| 2022 | 2021 | ||||||||
| This is made up as follows: | £ | £ | |||||||
| Other Creditors | (5,546) | (10,981) | |||||||
| b/f | (11,601) | (500) | |||||||
| Accountancy | (120) | (120) | |||||||
| (17,267) | (11,601) | ||||||||
| Note | 8. | Creditors: amounts falling due more | than one | year | |||||
| 2022 | 2021 | ||||||||
| This is made up as follows: | £ | £ | |||||||
| Bounce Back Loan | (5,500) | (7,000) | |||||||
| (5,500) | (7,000) | ||||||||
| Note | 09. | Movement in funds | |||||||
| Opening | Incoming | Incoming | Resources | ||||||
| balance | resources | resources | expended | ||||||
| General Donations | Other Income | ||||||||
| £ | £ | £ | £ | ||||||
| Unrestricted funds | |||||||||
| General | - | 14,959 | - | - | (4,795) | ||||
| - | 14,959 | - | - | (4,795) | |||||
| Restricted funds | 0 | - | - | - | |||||
| - | 14,959 | - | - | (4,795) | |||||
| Note | 09.1 | Analysis of net assets by fund | 2022 | ||||||
| Total | |||||||||
| Funds | Funds | ||||||||
| £ | £ | ||||||||
| Cash at bank and in hand | 14 | 1,827 | |||||||
| Other net assets (liabilities) | - | 19,648 | - | 16,786 | |||||
| - | 19,634 |
- | 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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