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2022-03-31-accounts

PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

PETERSFIELD CLIMATE ACTION NETWORK

(PeCAN)

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1192778

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

CONTENTS

Contents

LEGAL AND ADMINISTRATIVE INFORMATION .................................................................................................... 3 TRUSTEE’S REPORT FOR THE PERIOD ENDED 31[ST] MARCH 2022 ....................................................................... 4 STATEMENT OF FINANCIAL ACTIVITIES............................................................................................................... 9 BALANCE SHEET ................................................................................................................................................ 10 NOTES TO THE FINANCIAL STATEMENTS .......................................................................................................... 11 INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS ................................................................................. 18 PHOTOS ............................................................................................................................................................ 19

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1192778

WORKING NAMES Petersfield Climate Action Network PeCAN

DATE OF REGISTRATION 14th December 2020 START OF FINANCIAL YEAR 14th December 2020 END OF FINANCIAL YEAR 31st March 2022 TRUSTEES AT 31 MARCH 2022 Thomas Barnett Louise Bevan Elizabeth Bisset Peter Carver (Treasurer) Catriona Cockburn (Secretary) Gregory Ford (Chair) Daniel Lee Peter Moss Russell Oppenheimer John Palmer Zoe Parker

LEGAL STATUS Charitable Incorporated Organisation

GOVERNING INSTRUMENT Constitution, 9th December 2020 CHARITABLE OBJECTIVES The advancement of environmental protection for the public benefit through community-led initiatives that mitigate climate change and minimise biodiversity loss for the benefit of residents and the general public in and around the Petersfield area.

PRINCIPAL OFFICE (REGISTERED Petersfield Town Council, 24 Heath Road, Petersfield, ADDRESS) GU31 4EA

CORRESPONDENCE ADDRESS The Hanger Room, Petersfield Library, 27 The Square Petersfield, GU32 3HH Phone: 01730719792 Email: hello@petersfieldcan.org Website: https://petersfieldcan.org/ BANKERS Co-operative Bank INDEPENDENT EXAMINER Fiona Armitage

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

TRUSTEE’S REPORT FOR THE PERIOD ENDED 31[ST] MARCH 2022

This first annual report and accounts covers the period from PeCAN’s incorporation on 14 December 2020 to 31 March 2022. The trustees are extremely grateful for the hard work of our volunteers and staff and the support of our funders during this first period.

GOVERNANCE

PeCAN’s constitution was adopted by trustees on 9 December 2020 and registered with the Charity Commission on 14 December 2020. The CIO is governed by its trustees who are also its members. Trustees are unpaid volunteers who bring a variety of charity, environmental and other skills and experience and all live in or have a connection to the Petersfield area. Some current trustees have links to local political parties (Conservative, Labour, Liberal Democrat and Green) but PeCAN itself is strictly non-political. There are currently no other types of membership and no membership fees. Trustees met 12 times during the reporting period.

Day-to-day management is by a sub-group of trustees who meet weekly to decide on work priorities. PeCAN’s work is carried out by its staff, who report to trustees, and by its trustees and other volunteers who support PeCAN’s work and mission.

PeCAN’s strategy and goals were developed in March 2022 by a working group open to all PeCAN supporters and adopted by trustees in April 2022.

STATEMENT ON PUBLIC BENEFIT

The trustees confirm that during the reporting period they had regard to the Charity Commission’s guidance on Public Benefit when planning and overseeing the activities of PeCAN.

BACKGROUND TO PeCAN’S ESTABLISHMENT

PeCAN was set up in response to demand from Petersfield residents for urgent local action to tackle the serious and related crises of climate change and nature loss. It follows two public meetings held at Petersfield’s Festival Hall in February 2020, convened by local councillors John Palmer and Russell Oppenheimer (now both trustees) just before the first Covid lockdown. An initial group of around 17 volunteers met online over that summer to discuss how the organisation might develop. A constitution and initial set of trustees were agreed and registered by the Charity Commission in December 2020.

Over the course of 2021, volunteers worked hard to deliver PeCAN’s website, logo, bank account, fundraising, accounting system, payroll, insurance, operational policies, staff recruitment, market stall materials, office equipment, and rented a small office space in Petersfield Library, as well as our core work. PeCAN’s public launch was on 6 June 2021 at the Petersfield Farmers’ Market.

ACHIEVEMENTS AND ACTIVITIES

PeCAN’s core work in the period falls into three areas:

(1) ENGAGEMENT with local residents to promote climate awareness and behaviour change.

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

TRUSTEE’S REPORT FOR THE PERIOD ENDED 31ST MARCH 2022 (continued)

(3) PROJECTS that directly support climate change mitigation and address nature loss.

In addition to these, trustees worked on developing the organisation and its funding.

ENGAGEMENT

Engagement achievements during the reporting period include:

Engagement activities included:

ADVOCACY

PeCAN has a policy to carry out specific and constructive advocacy to local and national government on topics that support our charitable objectives. We follow Charity Commission guidance on balanced political engagement. Supporting documents for our advocacy work can be found at https://petersfieldcan.org/resources.

Advocacy achievements include:

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

TRUSTEE’S REPORT FOR THE PERIOD ENDED 31ST MARCH 2022 (continued)

Advocacy activities included:

PROJECTS

Project achievements include:

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

TRUSTEE’S REPORT FOR THE PERIOD ENDED 31ST MARCH 2022 (continued)

Project activities included:

FINANCIAL REVIEW

The funding for PeCAN’s work in the first accounting period came from South Downs National Park, East Hampshire District Councillors, Petersfield Town Council, Community Energy South and, for the Superhomes project, the Energy Saving Trust (EST) via the National Energy Foundation. Also, through donations from supporters. Total income was £61,038.

Of this, around two thirds was made up of restricted EST funding for the pilot project (PASH) and match-funding from SDNPA, both of which will come to an end in April 2023. These grants will allow us to employ four part time members of staff until April 2023 to coordinate and deliver PeCAN’s projects and also to maintain an office in the Petersfield Library over this time. The office provides a space for staff to meet and a venue for members of the public and contributors to contact us for advice and discussions on current and future projects. Total expenditure on staff, the office and charitable activities was £39,542.

Charity funds at 31st March 2022 stood at £21,496. Of this £18,084 is in the form of restricted funds provided by contributors and earmarked for particular activities. PeCAN’s own reserves at 31st March were £3,412. Trustees have established a reserves policy (see Note 1 to the financial statements) designed to ensure that PeCAN has sufficient funds to maintain activities and staff whilst funding is being sought. General reserves are still being accumulated.

Trustees receive routine reporting of the financial position, financial policies and procedures and any financial matters at their meetings. They also consider potential risks facing PeCAN as part of a risk assessment process, including continuity of funding for the period after April 2023.

During the year PeCAN was the victim of an attempted fraud whereby unauthorised transactions were claimed from the bank account. Through prompt action by management and with the cooperation of the bank all funds were returned and PeCAN suffered no loss. This was reported to the Charity Commission.

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PETERSFIELD CLIMATE ACTION NETWORK Icharitable Incorporated Organisationl TRUSTEE'S REPORT FOR THE PERIOD ENDED 31ST MARCH 2022 Icontinuedl There were no personal benefit or payments involving trustees, within the meaning of section 222 of the Charitie5 Act 2011. TRUSTEES, RESPONSIBILITIES The Charities Act 2011 requires the tTU5tee5 to prepare financlal statements for each financial year. In preparing those financial statements the trustees are required to.. select SUFtable accounting policies and apply them consistently make judgement5 and eslimates that are reasonable and prudent prepare financial statements on the golng concern basi5 unless it is inappropriate to presume that the trust will continue in existence. The trustees are responsible fof keeping proper atcounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable step5 for the preventlon 8nd detectlon of fraud and other irregularities. and otherwise carrying out their duties. Approved by the Trustees o S￿ned on their behalf by Trustee Printed Name PAGE 8

PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD ENDED 31[ST] MARCH 2022

Notes
Incoming resources
3
Income and endowments from:
Donations
Charitable activities
Other
Total
Resources expended
6
Expenditure on:
Raising funds
Charitable activities
Governance costs
Total
Net income/(expenditure)
Transfers between funds
5
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds
Restricted
funds
Total
funds this
period
£
£
£
3,773
-
3,773
4,250
53,015
57,265
-
-
-
8,023
53,015
61,038
-
-
-
4,025
35,167
39,192
350
-
350
4,375
35,167
39,542
3,648
17,848
21,496
-
236
236
-
3,412
18,084
21,496
-
-
-
3,412
18,084
21,496

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PETERSFIELD CLIMATE A￿lON NETWORK (Charitable Incorporated Organisationl BALANCE SHEET FOR THE PERIOD ENDED 31ST MARCH 2022 Restrictèd Income funds Unrestrlcted funds Total th15 Perlod Notes Flxed assets Tangible a55et5 Investment5 Totulflxedassets Current a$set$ Debtors 2,633 2,633 Cash at bank and in hand 4.262 15,451 19,713 Totulcuffentossets 4,262 18.084 22.346 Credltors.. amounts falllng due withln one yèar io 850 850 Net currentossets 3.412 18,084 21,496 Totul ussets less current 11¢7billtlts 3,412 21,496 Creditors: amounts fallln8 due after one year li rotol netassets 3,412 18,084 21,496 Fund5 of the Charlty Restrlcttd Income funds 18,084 18,084 Unrestrlcted funds 3,412 3.412 Totulfuthts 3,412 18.084 21.496 Approved by the Trustees on Signed on behalf of Trustees Name f-oxj PAGE 10

PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] MARCH 2022

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that given current and committed grant funding to April 2023, that PeCAN has sufficient funds to maintain activities for the next financial year. As a result, they believe that there are no material uncertainties about the Charity's ability to continue as a going concern in that period.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the point they are received.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31[ST] MARCH 2022

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustee’s meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Unrestricted funds

These funds can be used for the general objectives of the charity as set out in the trustee’s report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.

Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Fixtures, Fittings and Equipment

25% - Straight Line Basis

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31[ST] MARCH 2022

2. TANGIBLE FIXED ASSETS

The CIO held no fixed assets during this first financial period.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2022 : None

3. INCOMING RESOURCES

Donations and Grants
Charitable Activities
TOTAL INCOME

Donations and gifts
Grants
Other
Total
Unrestricted
funds
Restricted
income funds
Total funds for
the period
£
3,773
-
3,773
-
44,689
44,689
-
-
-
3,773
44,689
48,462
-
8,326
8,326
4,250
-
4,250
-
-
-
Tree Planting
Retrofit assessments
Other
Total 4,250
8,326
12,576
8,023
53,015
61,038

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31[ST] MARCH 2022

4. RESOURCES EXPENDED

Unrestricted Restricted Total for
Notes funds funds the period
a): Expenditure on Charitable activities: £
Salaries 6 - 18,989 18,989
Other staff costs 23 246 269
Office rental - 3,500 3,500
Liability insurance - 561 561
Telephone - 160 160
Marketing 150 981 1,131
Website development & maintenance - 1,064 1,064
Other 12 85 97
Tree project - 8,517 8,517
Cost of retrofit surveys 3,500 - 3,500
Professional fees 340 340
IT and other equipment - 1,064 1,064
Total expenditure 4,025 35,167 39,192
b:) Governance Costs
Fee for independent examination 250 250
Room hire for Trustee meeting 100 100
350 - 350

5. RESTRICTED FUNDS

Superhomes - Retrofit
South Downs National Park
Energy Monitoring
Tree Planting
Website
Eco Fair
Income
Expenditure
Transfers
Balance at
31 Mar 22
£
22,333
(19,673)
0
2,660
16,667
(5,913)
0
10,754
2,170
0
0
2,170
8,326
(8,517)
191
0
1,019
(1,064)
45
0
2,500
0
0
2,500
53,015
(35,167)
236
18,084

Note: Transfers have been made from Unrestricted funds to the Tree Planting and Website projects as grants received did not fully cover expenditure incurred and represent a contribution from PeCAN reserves.

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31[ST] MARCH 2022

6. STAFF COSTS

6.1 Staff Costs

Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs
This period
£
18,448
541
-
18,989

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

There were no payments made to trustees and senior management for their services to the charity.

6.2 Average head count in the period
The parts of the charity in which the employees
work
Fundraising
Charitable Activities
Governance
Other
Total
This period
Number
-
2
-
-

2

7. FIXED ASSETS

The CIO held no fixed assets or investments during the period.

8. CASH AT BANK AND IN HAND

Cash at bank and in hand Unrestricted
funds
Restricted
funds
Total at
31 Mar
2022
£
£
£
4,498
15,215
19,713

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31[ST] MARCH 2022

9. DEBTORS

Accrued income Unrestricted
funds
Restricted
funds
Total at
31 Mar
2022
£
£
£
-
2,633
2,633

Accrued income represents time incurred on the Superhomes project which has been claimed from the National Energy Foundation.

10.CREDITORS: AMOUNTS FALLING DUE IN ONE YEAR

Accrued expenditure Unrestricted
funds
Restricted
funds
Total at
31 Mar
2022
850
-
850

Accrued expenditure includes fees for the independent examination of the accounts, outstanding retrofit survey fees and meeting costs incurred but not paid.

11.CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR

The CIO held no long term liabilities during this period

12. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD ENDED 31[ST] MARCH 2022

13. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

14. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIOs needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

15. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake

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PETERSFIELD CLIMATE ACTION NETWORK (Charitable Incorporated Organisation)

INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS

Report to the trustees/ members of Petersfield Climate Action Network on the accounts for the period 14 December 2020 to 31 March 2022 set out on pages 9 to 17.

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 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's 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. lt also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the 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.

lndependent examiner's statement

ln connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect, the requirements to keep accounting records in accordance with section 130 of the Charities Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

  2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Fiona Armitage (ACCA) 39Greensfield Liss Hampshire GU33 7EJ

23/9/2022

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PeCAN Photos

Trustees and volunteers at the Petersfield Heath

PeCAN’s launch at the Farmers’ Market, 6 June 2021

Trustee Louise Bevan at the PeCAN stall at the South Downs Green Fair

Youth volunteers with PeCAN’s Duke of Edinburgh project

Online talk about EVs

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PeCAN Photos

Community groups at the Community COP in October 2021

Helen and Mike Freeston, the first family to have a whole home retrofit assessment with PeCAN

Fruit trees ready for collection, December 2021

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PeCAN Photos

Christmas presents ready to be exchanged at Winton House, December 2021

New verge mowing helps pollinators and maintains road safety

PeCAN supported The Petersfield School’s crowdfunding project

Wildflowers verges in Petersfield beginning to recover after changes to mowing treatment

PeCAN’s thermal imaging survey to help people identify where heat is escaping from their homes

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