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 page 1 ## **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| page 2 **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. page 3 ## **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 page 4 **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) ................................................... page 5 **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 page 6 ## **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 page 7 |**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 page 8 ## **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% page 9 **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| page 10 ## **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| page 11 **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| page 12 ## **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_| |---|---|---| page 13 ## **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_| page 14