Registered number: 07847753 Charity number: 1184995 ## **Tree Shepherd Ltd** **REPORT OF THE TRUSTEES AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/03/2023** ## **Prepared By:** Accprof Ltd 59 Canterbury Road Harrow HA1 4PD **Tree Shepherd Ltd** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2023** ## **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 59 Canterbury Road Harrow HA1 4PD page 1 ## **Tree Shepherd Ltd** ## **ACCOUNTS** ## **FOR THE YEAR ENDED 31/03/2023** ## **CONTENTS** ||Page| |---|---| |Report of the Trustees|3| |Independent Examiner's Statement|7| |Statement of Financial Activities|9| |Balance Sheet|10| |Notes to the Accounts|11 to 16| |Detailed Statement of Financial Activities|15| page 2 ## **Tree Shepherd Ltd** ## **FOR THE YEAR ENDED 31/03/2023 TRUSTEES' REPORT** The trustees present their report and accounts for the year ended 31/03/2023 ## **PRINCIPAL ACTIVITIES** Tree Shepherd is a grassroots organisation that operates in Southwark, Lewisham, Camden and Lambeth, helping the long-term unemployed and small independent business in regeneration areas develop employability and entrepreneurial skills. Through small-group training, mentorship, and access to meanwhile workspaces, we empower individuals, promote diversity, and create economic well-being. ## **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. ## **OUR VISION** Our Vision We transform communities, bringing the talent of local people and local enterprises into collaborative networks creating employment, resilience, and economic wellbeing. Our Values 1. Nurture ambition and recognises the potential of individuals. 2. Promote respect, diversity, and inclusion. 3. Create dynamic and innovative ideas. 4. Collaboration As a charity our organisation continue to implement several strategies to address challenges faced by startups and independent businesses, particularly related to skills gaps, business sustainability and regeneration impact: Tree Shepherd has become a vital community resource, assisting over 500 marginalised individuals in starting businesses and generating new jobs. By engaging with local communities and promoting businesses, Tree Shepherd bring employment opportunities and enhance diversity in the areas we work with. Our community engagement and consultation strategies enable active engagement with local communities, ensuring services align with their needs and aspirations. We continue to provide comprehensive business support and training programmes tailored to the needs of marginalised groups, empowering them with essential skills for success. ## **THE SCALE AND NATURE OF VOLUNTARY ACTIVITY** The voluntary activities of Tree Shepherd, particularly the provision of direct one-to-one business advice and support through their volunteer business mentors, offer several benefits. First, it allows Tree Shepherd to extend their reach and help more entrepreneurs by leveraging the expertise and knowledge of their dedicated mentors. These mentors generously volunteer their time and share their insights, providing valuable guidance to budding businesses. page 3 ## **Tree Shepherd Ltd** ## **FOR THE YEAR ENDED 31/03/2023 TRUSTEES' REPORT** Additionally, the volunteer hours provided by partnerships supporting social impact activities contribute to the overall growth and impact of Tree Shepherd. By collaborating with organisations that share a commitment to social impact, Tree Shepherd can tap into additional resources, expertise, and networks. This helps create a more robust support system for entrepreneurs, ultimately increasing their chances of success. Overall, the voluntary activities enable Tree Shepherd to enhance our impact on the communities we serve. It demonstrates the power of collaboration and the importance of giving back to support social and economic development. ## **STRATEGIC REPORT** ## Organisation Objectives Our core activities are providing small-group training, business support and mentorship and access to an affordable workspace. Our vision is of a world where everybody has the self-belief, tools, and networks to actively participate in their local economy. We have become a vital community resource and helped 900+ marginalized people to start businesses, generating 1200+ new jobs. In addition, we help the local communities we work with to promote businesses and help them grow. We believe by doing this, we can help people obtain long-term employment and improve the diversity of the area further. The strategic objectives of Tree Shepherd are focused on promoting urban regeneration, relieving poverty and unemployment, advancing education, and training, and providing technical assistance and business advice to create training and employment opportunities. Specifically, their objectives include: Promoting urban regeneration in the UK and internationally for the public benefit. Relieving poverty by supporting initiatives that address economic hardships. Alleviating unemployment by providing training, retraining, and employment opportunities, particularly for unemployed individuals and those on low incomes. Advancing education and training to empower individuals with the skills needed for sustainable employment. Providing technical assistance, business advice, and consultancy to help unemployed individuals set up their own businesses or support existing social enterprises and businesses. Creating training and employment opportunities by offering favorable terms on workspace, buildings, and land. By pursuing these objectives, Tree Shepherd aims to make a positive social impact in their communities, empower individuals through training and employment, and contribute to urban regeneration efforts. ## **MAIN AREAS OF ACTIVITY** Women in Enterprise Training: Tree Shepherd provided comprehensive support to 71 female entrepreneurs, with a particular focus on those from black and ethnic minority backgrounds. This support included individual mentoring and life-coaching, workshops, and activities to improve mental health and overall wellbeing. The goal was to equip these women with the tools they needed to overcome challenges, become more resilient, and grow their businesses over a 12-month period page 4 ## **Tree Shepherd Ltd** ## **FOR THE YEAR ENDED 31/03/2023 TRUSTEES' REPORT** Thriving High Street Peckham Business Forum (PBF): working with 500+ individual market traders and small independent business from minoritised groups Tree Shepherd set up a forum designed to give provide business support including mentoring and enterprise workshops . his forum has gained acceptance from the community and key stakeholders as a strategic opportunity to provide a voice for start-ups and small business impacted by cost of living Relocation Programme & Business Support : 61 small independent businesses impacted by the need to relocate to new areas as a result of regeneration are receiving business support and advice. The aim is to assist in enabling the future of their businesses including employment of staff. Affordable Meanwhile Workspaces: Tree Shepherd provides meanwhile affordable workspaces in Southwark and Lambeth, creating a supportive environment for startup micro-businesses. Through these spaces individuals have an opportunity to implement the learning from our enterprise training workshops and mentoring support and focus on developing their self-employment and entrepreneurial skills. Southwark High Street Recovery Fund: Tree Shepherd secured a grant to organise over 12 monthly market-style events. These events target black and women-owned businesses in Canada Water, aiming to encourage people to return to the high street. The participant has access to business mentoring support and enterprise training to build their entrepreneurial skills. Through its initiatives and projects, Tree Shepherd has positively impacted the lives of marginalised individuals, communities, and businesses. By equipping individuals with skills, supporting startups, and fostering community collaboration, Tree Shepherd has contributed to the growth of the local economy, increased job opportunities, and promoted diversity and inclusion. Our efforts continue to empower individuals and create a more economically and socially resilient community. ## **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 £189,466.00 and the total expenditure for the year was £188,705.00. The total funds available as at 31/03/2023 was £104,857.00. ## **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. page 5 **Tree Shepherd Ltd** ## **FOR THE YEAR ENDED 31/03/2023 TRUSTEES' REPORT** This report was approved by the Board of Trustees on 14/12/2023 ## David Michael BROCKLEBANK Trustee page 6 ## **Tree Shepherd Ltd** ## **INDEPENDENT EXAMINER'S STATEMENT** ## **FOR THE YEAR ENDED 31/03/2023** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TREE SHEPHERD LTD** I report on the accounts of the company for the year ended 31/03/2023 . ## **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 7 **Tree Shepherd Ltd** ## **INDEPENDENT EXAMINER'S STATEMENT** **FOR THE YEAR ENDED 31/03/2023** Date: Accprof Ltd 59 Canterbury Road Harrow HA1 4PD page 8 ## **Tree Shepherd Ltd** |**Statement of Financial Activities**
**for the year ended 31/03/2023**
**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**|**Unrestric**
**ted funds**
**£**
83,384
**83,384**
17,897
51,816
**69,713**
**13,671**
**13,671**
91,186
**104,857**|**Restricte**
**d funds**
**£**
106,082
**106,082**
-
118,992
**118,992**
**(12,910)**
**(12,910)**
12,910
**-**|**2023**
**Total**
**£**
189,466
**189,466**
17,897
170,808
**188,705**
**761**
**761**
104,096
**104,857**|2022
Total
£
197,324| |---|---|---|---|---| |||||197,324| |||||26,526
170,794| |||||197,320| |||||4| |||||4
104,092| |||||104,096| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 9 ## **Tree Shepherd Ltd** ## **BALANCE SHEET AT 31/03/2023** |**BALANCE SHEET AT 31/03/2023**||||| |---|---|---|---|---| |**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**|46,768
170,179
216,947
113,332|**2023**
**£**
1,242
103,615
104,857
104,857
**-**
104,857|16,779
164,170
180,949
78,509|2022
£
1,656
102,440| |||||104,096| |||||91,186
12,910| |||||104,096| For the year ending 31/03/2023 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 14/12/2023 and signed on their behalf by** ............................. ## David Michael BROCKLEBANK ## Trustee page 10 ## **Tree Shepherd Ltd** **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2023** ## **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 11 ## **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|**2023**
**£**
-
-|2022
£
422| |||422| ## **3. TANGIBLE FIXED ASSETS** |**Cost**
At 01/04/2022
At 31/03/2023
**Depreciation**
At 01/04/2022
For the year
At 31/03/2023
**Net Book Amounts**
At 31/03/2023
At 31/03/2022|**Equipment**
**£**
7,679
7,679
6,023
414
6,437
1,242
1,656|**Total**
**£**
7,679| |---|---|---| |||7,679| |||6,023
414| |||6,437| |||1,242| |||1,656| page 12 ## **Tree Shepherd Ltd** ## **4. DEBTORS** |||| |---|---|---| |**4. DEBTORS**
Amounts falling due within one year:
Trade debtors
VAT
Other debtors|**2023**
**£**
36,348
9,179
393
45,920|2022
£
11,618
4,980
181| |||16,779| ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Taxation and social security
Other creditors|**2023**
**£**
16,317
4,083
92,932
113,332|2022
£
13,111
4,294
61,104| |---|---|---| |||78,509| ## **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 31/03/2023 there were 5 members. ## **7. UNRESTRICTED FUNDS** |**7. UNRESTRICTED FUNDS**|||||| |---|---|---|---|---|---| |General fund|**Brought**
**forward**
**£**
91,186|**Incoming**
**resource**
**s**
**£**
83,384|
**Outgoing**
**resource**
**s**
**Transfers **
**£**
**£**
(69,713)
-
(69,713)
-||**Carried**
**forward**
**£**
104,857
104,857| ||91,186|83,384||-|| page 13 ## **Tree Shepherd Ltd** ## **8. RESTRICTED FUNDS** |**Brought**
**forward**
**£**
12,910|**Incoming**
**resource**
**s**
**£**
106,082|
**Outgoing**
**resource**
**s**
**Transfers **
**£**
**£**
(118,992)
-
(118,992)
-|
**Outgoing**
**resource**
**s**
**Transfers **
**£**
**£**
(118,992)
-
(118,992)
-|**Carried**
**forward**
**£**
-| |---|---|---|---|---| |12,910|106,082||-|-| page 14 ## **Tree Shepherd Ltd** **Incoming Resources for the year ended 31/03/2023** |**Incoming Resources**
**for the year ended 31/03/2023**||| |---|---|---| |**Incoming resources**
**Incoming resources from generated funds**|**2023**
**£**
189,466
189,466|2022
£| |||197,324| |||197,324| page 15 ## **Tree Shepherd Ltd** ## **Expenses** ## **for the year ended 31/03/2023** |**Expenses**
**for the year ended 31/03/2023**||| |---|---|---| |**Expenses**
**Costs of generating funds**
**Costs Of Generating Voluntary Income**
Subcontractors
Tutors Fees
Venue and Events costs
**Charitable Activities**
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|**2023**
**£**
937
4,721
12,239
17,897
17,897
15,348
-
5,465
6,731
748
5,665
109,040
-
-
50
8,870
15,626
881
829
888
253
414
170,808
188,705|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| page 16