Registered number: 07847753 Charity number: 1184995
Tree Shepherd Ltd
REPORT OF THE TRUSTEES AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/03/2022
Prepared By:
Accprof Ltd Financial Accountants 59 Canterbury Road North Harrow HA1 4PD
Tree Shepherd Ltd
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2022
TRUSTEES
David Michael BROCKLEBANK Jonathan Samuel James CLARKE Simon John HALL Andrew James LIVINGSTON Cynthia Sophirina MUKIWA
REGISTERED OFFICE
1a Greenleaf Close Tulse Hill London SW2 2HB
COMPANY NUMBER
07847753
CHARITY NUMBER 1184995
ACCOUNTANTS
Accprof Ltd Financial Accountants 59 Canterbury Road North Harrow HA1 4PD
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Tree Shepherd Ltd
ACCOUNTS FOR THE YEAR ENDED 31/03/2022
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 5 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 to 14 |
| Detailed Statement of Financial Activities | 13 |
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Tree Shepherd Ltd
FOR THE YEAR ENDED 31/03/2022
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2022
PRINCIPAL ACTIVITIES
The principal activities of the charity in the year under review was enterprise training, business support and practical help targeting marginalized communities and underrepresented groups. .
STRUCTURE GOVERNANCE AND MANAGEMENT
The company (no 07847753) was incorporated on 15th November 2011. In July 2018 it revised its constitution and on the 21st August 2019 it was formally recognised as a charitable company limited by guarantee (1184995). The charities affairs are governed by its Memorandum and Articles of Association which allows for any activities covered by its objectives without restriction. In the event of the company being wound up the maximum amount of each member will contribute is £1.
THE SCALE AND NATURE OF VOLUNTARY ACTIVITY
The emergence of COVID 19 resulted in significant changes to the way services were delivered – with training and business advice sessions being delivered on-line . One of our, key objectives, continues to be providing direct one to one business advice and support which delivered through the huge generosity of our team of volunteer business mentors.
STRATEGIC REPORT
Organisation Objectives
The Charity's objects are specifically restricted to the following:
Promotion for the public benefit of urban regeneration in the uk and internationally:
The relief of poverty.
The relief of unemployment.
The advancement of education, training or retraining, particularly among unemployed people and people on low incomes.
The provision of technical assistance, business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help in: 1. setting up their own business; or 2. to existing social enterprises and business.
The creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms
ACTIVITIES OF THE CHARITY
The charity provides support in the form of workshops, seminars and one to one coaching/mentoring to mainly low-income and/or otherwise disadvantaged people who are looking to start their own business and to more established businesses who are experiencing extreme disruption or challenge through changes in their local environment. We also provide low-cost affordable workspace to early stage businesses resident in Tulse Hill or Canada Water which is subsidized to some extent by other businesses who rent on a more commercial basis.
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Tree Shepherd Ltd
FOR THE YEAR ENDED 31/03/2022
TRUSTEES' REPORT
MAIN AREAS OF ACTIVITY
The main area of activity includes the provision of business mentoring and advice, training, access to affordable workspace and networking events. This includes working with residents, market traders and independent businesses in Peckham and Surrey Quays to create a forum and provide business mentoring, advice and training.
Enterprise Training Course: working with unemployed, low-income residents, and young people aged 18-to 30 and tenants living in social housing across Lambeth, Southwark, Croydon, Hammersmith & Fulham
Thrive and Glows Workspace was brought back into community use by Tree Shepherd. The projects provide desk units for new startups on low-income or unemployed residents. Supported by British Land, Lambeth Council and the Tulse Hill TRA this project has become a much-needed resource for local residents
RISK MANAGEMENT
The board of trustees, as advised by the CEO and executive team, are responsible for managing the risks faced by the charity. Risks are identified and assessed within a risk matrix. This is reviewed annually and mitigations and controls are established.
FINANCIAL REVIEW
The total income received during the year was £197,324.00 and the total expenditure for the year was £197,320.00. The total funds available as at 31/03/2022 was £104,096 of which £12,910.00 was restricted funds.
RESERVES POLICY
The charity aims to hold levels of unrestricted reserves of at least 3 months operating expenses. It is not the intention of the Trustees to accumulate reserves and the Trustees seek to apply all funds above the required level in accordance with the charity's stated objectives.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 08/12/2022
David Michael BROCKLEBANK Trustee
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Tree Shepherd Ltd
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TREE SHEPHERD LTD
I report on the accounts of the company for the year ended 31/03/2022 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of The Institute of Financial Accountants .
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102)
...................................................
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Tree Shepherd Ltd
INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31/03/2022
Date:
Accprof Ltd Financial Accountants 59 Canterbury Road North Harrow HA1 4PD
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Tree Shepherd Ltd
Statement of Financial Activities for the year ended 31/03/2022
| Income Income from generated funds Income from charitable activities Total Income and endowments Expenses Costs of generating funds Expenditure on Raised funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestricted funds £ 176,414 176,414 26,526 159,718 186,244 (9,830) (9,830) 101,016 91,186 |
Restricted funds £ 20,910 20,910 - 11,076 11,076 9,834 9,834 3,076 12,910 |
2022 Total £ 197,324 197,324 26,526 170,794 197,320 4 4 104,092 104,096 |
2021 Total £ 374,374 |
|---|---|---|---|---|
| 374,374 | ||||
| 62,428 272,323 |
||||
| 334,751 | ||||
| 39,623 | ||||
| 39,623 24,845 |
||||
| 64,468 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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| Tree Shepherd Ltd | 2021 £ 2,208 101,883 |
|||
|---|---|---|---|---|
| BALANCE SHEET AT 31/03/2022 Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Debtors (amounts falling due within one year) 4 Cash at bank and in hand CREDITORS: Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 7 General fund Restricted funds 8 |
16,779 164,170 180,949 78,509 |
2022 £ 1,656 102,440 104,096 91,186 12,910 104,096 |
22,098 239,134 261,232 159,349 |
|
| 104,091 | ||||
| 101,015 3,076 |
||||
| 104,091 |
For the year ending 31/03/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 08/12/2022 and signed on their behalf by
.............................
David Michael BROCKLEBANK Trustee
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Tree Shepherd Ltd
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment
reducing balance 25%
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Tree Shepherd Ltd
1g. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1h. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. PENSION CONTRIBUTIONS
| 2. PENSION CONTRIBUTIONS | ||
|---|---|---|
| Pension contributions | 2022 £ 422 422 |
2021 £ 15,213 |
| 15,213 |
3. TANGIBLE FIXED ASSETS
| Cost At 01/04/2021 At 31/03/2022 Depreciation At 01/04/2021 For the year At 31/03/2022 Net Book Amounts At 31/03/2022 At 31/03/2021 |
Equipment £ 7,679 7,679 5,471 552 6,023 1,656 2,208 |
Total £ 7,679 |
|---|---|---|
| 7,679 | ||
| 5,471 552 |
||
| 6,023 | ||
| 1,656 | ||
| 2,208 |
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Tree Shepherd Ltd
| 4. DEBTORS Amounts falling due within one year: Trade debtors VAT Other debtors |
2022 £ 11,618 4,980 181 16,779 |
2021 £ 21,877 - 221 |
|---|---|---|
| 22,098 |
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
2022 £ 13,111 4,294 61,104 78,509 |
2021 £ 8,163 10,722 140,464 |
|---|---|---|
| 159,349 |
6. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2022 there were 5 members.
7. UNRESTRICTED FUNDS
| General fund | Brought forward £ 101,016 101,016 |
Incoming resources £ 176,414 176,414 |
Outgoing resources £ (186,244) (186,244) |
Transfers £ - - |
Carried forward £ 91,186 |
|---|---|---|---|---|---|
| 91,186 |
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Tree Shepherd Ltd
8. RESTRICTED FUNDS
| Brought forward £ 3,076 3,076 |
Incoming resources £ 20,910 20,910 |
Outgoing resources £ (11,076) (11,076) |
Transfers £ - - |
Carried forward £ 12,910 |
|---|---|---|---|---|
| 12,910 |
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Tree Shepherd Ltd
| Incoming Resources for the year ended 31/03/2022 Incoming resources Incoming resources from generated funds |
2022 £ 197,324 197,324 |
2021 £ 374,374 374,374 |
|---|---|---|
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Tree Shepherd Ltd
Expenses for the year ended 31/03/2022
| Expenses Costs of generating funds Costs Of Generating Voluntary Income Subcontractors Tutors Fees Venue and Events costs Charitable Activities GLOWS- Clothworkers Advertising and promotion Travel Insurance Heat and light Cleaning Repairs and renewals Wages - regular Pension contributions Staff welfare Training IT and website costs Accountancy fees Professional fees Stationery & office supplies Telephone Bank charges Depreciation of equipment |
2022 £ 3,010 930 22,586 26,526 26,526 - 7,056 20 1,918 5,476 879 497 107,892 422 162 50 10,825 14,585 18,481 720 1,062 197 552 170,794 197,320 |
2021 £ 9,524 3,123 49,781 |
|---|---|---|
| 62,428 | ||
| 62,428 7,086 1,486 182 3,127 4,832 576 4,005 185,519 15,213 40 2,656 20,667 14,115 8,740 1,076 2,133 134 736 |
||
| 272,323 | ||
| 334,751 |
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