Charity number: 1180103 

## GREEN NETWORK 

TRUSTEE'S REPORT AND FINANCIAL STATEMENTS 

For the year ended 30 September 2025 



GREEN NETWORK 

Contents Page For the year ended 30 September 2025 

|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<br>|…….6 to 9|





## GREEN NETWORK **Report of the Trustees For the year ended 30 September 2025** 

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 September 2025. 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 ............................................................................. 5th December 2025 Sunday Adeniran Adigun 

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Independent Examiners Report to the Trustees For the year ended 30 September 2025 

## GREEN NETWORK 

I report to the trustees on my examination of the accounts of the charity for the year ended 30 September 2025. 

## **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** 

05[th] December 2025 

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## GREEN NETWORK 

## Statement of Financial Activities For 

the year ended 30 September 2025 

## **GREEN NETWORK** 

## **STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 30 SEPTEMBER 2025** 

|Notes<br>INCOMING RESOURCES FROM CHARITABLE ACTIVITIES<br>Income from charitable activities<br>2<br>TOTAL INCOMING RESOURCES<br>RESOURCES EXPENDED<br>Cost of Generating Funds<br>Governance<br>5<br>TOTAL RESOURCES EXPENDED<br>Net income/(outgoing) resources<br>Total funds brought forward<br>Total funds carried forward|Un-restricted<br>funds<br>2025<br>£<br>-|Restricted<br>Funds<br>2025<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Total  Funds<br>2025<br>£<br>-<br>-<br>855<br>120<br>975<br>975<br>-<br>21,578<br>-<br>22,552<br>-|Total  Funds<br>2024<br>£<br>-|
|---|---|---|---|---|
||-|||-|
||855<br>120|||864<br>120|
||975|||984|
||975<br>-<br>21,578<br>-|||984<br>-<br>20,594<br>-|
||22,552<br>-|||21,578<br>-|



All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities. 

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GREEN NETWORK Statement of Financial Position As at 30 September 2025 

## **GREEN NETWORK BALANCE SHEET AS AT 30 SEPTEMBER 2025** 

|Notes<br>FIXED ASSETS<br>Tangible Assets<br>6<br>CURRENT ASSETS<br>Debtors<br>Cash at bank and in hand<br>7<br>Current Liabilities<br>Creditors: amounts falling due within one year<br>8<br>Total Asset Less Current Liabilities<br>Long Term Liabilities<br>Creditors: amounts falling due more one year<br>9<br>NET ASSETS<br>FINANCED BY:<br>Unrestricted funds<br>10<br>Restricted Funds<br>TOTAL FUNDS|2025<br>Total<br>£<br>1,814<br>11<br>1,824<br>(22,627)<br>20,802<br>-<br>(1,750)<br>22,552<br>-<br>22,552<br>-<br>0<br>22,552<br>-|2024<br>Total<br>£<br>285<br>1,814<br>5|
|---|---|---|
|||1,819<br>(20,807)|
|||18,703<br>-|
|||(2,875)|
||||
|||21,578<br>-|
|||21,578<br>-<br>0|
|||21,578<br>-|



Mr Adeniran Adigun on behalf of the trust Trustee 05 December 2025 

The financial statements were approved and authorized for issue by the Board and signed on its behalf by: 

Sunday Adeniran Adigun Trustee 

05th December 2025 

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GREEN NETWORK Notes to the Financial Statements 

For the year ended 30 September 2025 

## **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 2025 

## **GREEN NETWORK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 September 2024** 

Note 2. Incoming Resources 

|Note 2. Incoming Resources|||||
|---|---|---|---|---|
||Unrestricted<br>Funds<br>£|Restricted<br>Funds<br>£|2025<br>Total<br>Funds<br>£|2024<br>Total<br>Funds<br>£|
|Income from charitable activities|-|-|-|-|
|Note 4.<br>Resources Expended - Activities<br>General Expenses<br>Mobile & Internet<br>bank charges<br>Equipment<br>Interest Payable<br>depreication equipment<br>Accountancy fees<br>Note 5.<br>Resources Expended – Governance<br>1 Accountancy<br>Governance cost|-<br>Unrestricted<br>Funds<br>£<br>102<br>458<br>120<br>680<br>Unrestricted<br>Funds<br>£<br>120|-<br>Restricted<br>Funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>Restricted<br>Funds<br>£<br>-<br>-|-<br>2025<br>Total<br>Funds<br>£<br>-<br>-<br>102<br>-<br>458<br>-<br>120<br>680<br>2025<br>Total<br>Funds<br>£<br>120|-<br>2024<br>Total<br>Funds<br>£<br>147<br>6<br>85<br>50<br>66<br>510<br>120<br>984<br>2024<br>Total<br>Funds<br>£<br>120|
||120|-|120|120|
||||||



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GREEN NETWORK Notes to the Financial Statements For the year ended 30 September 2025 

|||2025|
|---|---|---|
|Note 6.<br>TANGIBLE ASSETS|Equipment<br>£|Total|
|Cost|285|285|
|Additions<br>-<br>Revaluation<br>-<br>Disposal<br>Total Costs<br>285<br>Depreciation<br>Charge for the year 2025<br>Balance carried forward<br>285<br>-<br>At 30 September 2025<br>-<br>At 30 September 2024<br>795<br>At 30 September 2023<br>1,305<br>Debtors<br>2025<br>This is made up as follows:<br>£<br>Trade Debtors<br>1,813.72<br>Other Debtors<br>1,813.72<br>Note 7.<br>Cash at bank and in hand<br>2025<br>£<br>Cash at bank<br>11<br>Cash at hand<br>-<br>11<br>Note 8.<br>Creditors: amounts falling due within one year<br>2025<br>This is made up as follows:<br>£<br>Other Creditors<br>(1,700)<br>b/f<br>(20,807)<br>Accountancy<br>(120)<br>(22,627)||-<br>-<br>-<br>285<br>-<br>285<br>-<br>-<br>795<br>1,305<br>2024<br>£<br>1,813.72<br>1,813.72<br>2024<br>£<br>5<br>-<br>5<br>2024<br>£<br>(1,483)<br>(19,204)<br>(120)<br>(20,807)|



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## GREEN NETWORK Notes to the Financial Statements 

## For the year ended 30 September 2025 

## Note 9. Creditors: amounts falling due more than one year 

|This is made up as follows:<br>Bounce Back Loan<br>Note 10. Movement in funds<br>Unrestricted funds<br>General<br>Restricted funds<br>Note 10.1Analysis of net assets by fund<br>Cash at bank and in hand<br>Other net assets (liabilities)|2025<br>2024<br>£<br>£<br>(1,750)<br>(2,875)<br>(1,750)<br>(2,875)<br>Opening<br>Incoming<br>Incoming<br>Resources<br>balance<br>resources<br>resources<br>expended<br>General DonationsOther Income<br>£<br>£<br>£<br>£<br>21,578<br>-<br>-<br>-<br>(800)<br>21,578<br>-<br>-<br>-<br>(800)<br>0<br>-<br>-<br>-<br>21,578<br>-<br>-<br>-<br>(800)<br>2025<br>Total<br>Funds<br>Funds<br>£<br>£<br>11<br>1,827<br>22,563<br>-<br>21,462<br>-<br>22,552<br>-<br>19,634<br>-|2025<br>2024<br>£<br>£<br>(1,750)<br>(2,875)<br>(1,750)<br>(2,875)<br>Opening<br>Incoming<br>Incoming<br>Resources<br>balance<br>resources<br>resources<br>expended<br>General DonationsOther Income<br>£<br>£<br>£<br>£<br>21,578<br>-<br>-<br>-<br>(800)<br>21,578<br>-<br>-<br>-<br>(800)<br>0<br>-<br>-<br>-<br>21,578<br>-<br>-<br>-<br>(800)<br>2025<br>Total<br>Funds<br>Funds<br>£<br>£<br>11<br>1,827<br>22,563<br>-<br>21,462<br>-<br>22,552<br>-<br>19,634<br>-|
|---|---|---|
|||19,634<br>-|



Note 11. TRUSTEES REMUNERATION 

The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year (2023: £nil) 

Note 12. 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 13. Control 

The ultimate controlling parties are the trustees’ as stated on page 2. 

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