CLEAN PLANET FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
CLEAN PLANET REFERENCE AND ADMINISTRATIVE DETAILS CHARITY NAME: Clean Planet CHARITY NUMBER: 1200299 OPERATIONAL ADDRESS: 1 Highbury Middlesbrough TS5 7PP BANKERS: Virgin Money- Clydesdale Bank plc Piccadilly Circus, London TRUSTEES The trustees who served during the year were: Stephen Smith Elaine Bayles Graham Bayles Jacqueline Pealing ACCOUNTANTS: Nichol G¢)odwill Brown Limited 112 Whitley Road Whitley Bay NE26 2NE
CLEAN PLANET TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present their annual report and financial statements of the charity for the year ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's conslitulion, the Charities Act 2011. the second edition of the Charities Statement of Recommended Practice issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC INTEREST Pur ose and aims - the objects of the charity arè to promote for the benefit of the public the conservation, protection and improvement of the coastal waters of the North East of England by removing.. abandoned. discarded, lost and hanful fishing gear, fishing line and marin8 debris (ghost fishing g8ar). Ensunn our work delivers our aims - We reviéw our aims, objectives and activities each year. This review looks al whal we have achieved and the outcomes of our work in the previous 12 months. The review looks al the success of each key activity and the benefits that they have brought to the coastal waters we are set up to improve. The review also h81ps us to ensure that our aims. objectives and activities have remained focussed on our stated purposes. We have referred to guidance ¢ontained in the Chanly's Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute lo the aims and objectives they have set. FINANCIAL REVIEW Results for the ear- The Statement of Financial Activities shovts a deficit for the year of £6,223 (2024 £23,954 surplus}. This deficit was a result of a depreciation charge of £7,410. mainly in respect of the rigid inflatable boat. The majonty of income was from grants £7.857 (2024- £32.771} and donations £747 {2024- £2,121). Whilst expenditure comprised £3.846 {2024 - £2,273) on charitable activities Iboal and diving consumables and repairs) and £11.028 (2024- £8.8231 on governance costs, including the aforementioned depreciation charge and £2,805 in respect of insurance. Capital expenditure was £5,043 including £1,984 on an underwater drone and £1.900 on helmets and lights. Princi al fundin sOue$- Th8 charity relies upon funding from extemal sources in the fomi of donations from individuals and businesses and also grants from the commèrcial s8Ctor as w811 as from charitable bodies. Investment owers and li All cash belonging lo the charity and not needed for immediat8 working capital purposes is invested under the power of the trustees. Reserves and oin concern- The Ifustees ensure that there are sufficient reserves to meet the working capital and cash flow requirements of the chanty.
Plans for future ears- The charity's future plan is to continue to improve the underwater environment of the North East's coastal waters. REVIEW OF ACTIVITIES DURING THE YEAR Fund raisin None undertaken this financial year. Charitable activities None undertakgn this financial year. Signed on behalf of the Truste8S Stephen Smith, Chainnan
CLEAN PLANET STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 INCOME: Donations and Legacies Donalions Grants 697 2.121 8.554 34,892 Charitable activities Other trading activities Investment income 419 19 35.330 8.563 EXPENDITURE: Raising funds Charitable activities Other- see note 1 3.846 2.273 Net income(deficit) before ains on investments {6,311 } 88 24.234 (280) Gains on investments Net movement in funds Total funds bld {6.223) 23,954 Total funds cjfvid 35 Th8 notes on pages 6 to 9 fomi part of these financial statements.
CLEAN PLANET BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 FIXED ASSETS Tangible assets (note 3) 32,333 35.212 Investments Total fixed assets 32,333 35.212 CURRENT ASSETS Sundry debtors (note 41 Cash al bank and in hand Total current assets 4,067 7,411 Creditors.. amounts falling due within onè year Accrued liabilities (note 5) {420) (4201 Nèt Current assets Total assets less current liabilities 35,980 42,203 Loans Total net assets Represented by: Restricted funds Unrestricted funds Total funds These accounts were approved by the Trust on 11 March 2026. Stephen Smith Chairman The notes on pages 6 to 9 fomi part of th85e financial slalements.
CLEAN PLANET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POLICIES Basis of Pre aration The financial slalemenls have been prepared under the historical cost convention, as modifièd by the revaluation of fixed assets. with items recognised al cost or transaction value unless olh8rwise stated in the relevant notes lo the financial statements. The financial stal8m6nts have bèèn prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the Unil8d Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public bènefit entty as defined by FRS 102. 1.2 Pro aratlon of tho Flnanclal Stalèm•nts on a Goln Conrn Basls The Trustees consider that the are no material uncertainlies about the Charity's ability to continue as a going concem. There are no significant judgements or key sources of eslimalion unc8rtainty that affect the financial slalemenls. 1.3 Cash Flow Statement The Trustees have taken advantage of the exemption from including a cash flow statement in the financial statements on the grounds that the charity is small. 1.4 Income All income is recognised once the chanty has entitlemènt lo the income, it is probablé that the income will be received and th8 amount of income receivable can be measured reliably. Donations and grants are recognised when the charity has been notified in writing of both the amount and the settlement date. In the event that a donation is subject to conditions that r8quire a level of perfornance before the charity is entitled to the funds, the income is defeed and not recognised until either those conditions are fully mel, or the fulfilment of those conditions is wholly within control of the charity and it is probable that those conditions will be fulfilled in the reporting penod. Investment income is included when receivable. Incoming resources from charitable activities are accounted for when receivable. In16r6sI on funds held on deposit is induded when recaivable and the amount can be measured reliably by the charity,. this is nomally upon notification of the interest paid or payable by the bank. Diwdends are recognised once the dividend has been declared and notification has been reiVed of the dividend due.
CLEAN PLANET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED) nditure and Irrecovorable VAT Expenditure is recognised once Ihere is a legal or constructive obligation lo makè a paymenl lo a third party. it is probable thal settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Expenditure on charitable activities includes the costs of performances. events and other activities undertaken to further the purpose of the charity and thèir associated support costs. Governance costs includes those costs associaled with meeting the conslitutional and statutory requir8menls of the charity and include the independent examination fees and costs linked lo the strategic management of the Charity. Irr8coverable VAT is charged as a cost against the activity for which the expenditure was Incurred. ort Costs Support costs are those functions that assist in the work of the charity bul do not directly undertake charitable activities. Support costs include offic8 costs, finance and governance costs which support the Charity's activities. These costs have been induded within expenditure on charitablé activities. 1.7 Fund Accountln Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general ObjectiV8s of the Charity and are funds which have not been designated for other purposes. Restricted funds are to be used in acrdanCe with specific restrictions imposed by their donors. 1.8 Tan Ible Flxed Assets Individual fixed assets a capitalised at cost. where aCquid, or fair value as detemined by the Trustees and are depreciated over their estimat8d useful economic lives. 1.9 Llsted Investments Listed investments are shown al market value. 1.10 Fixèd Asset Investments Investments are a fomi of basic financial instrument and are initially recognised al their transaction valLJe and subsequently measured at their fair value as al the balance sheet dale using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation throughout the year.
CLEAN PLANET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED) 1.11 Debtors Prepayments are valued at the amount prepaid nel of any trade discounts due. Accrued income is recognised at the settlement amount due after any trade disGounl offered. 1.12 Cash at bank and in hand Cash at bank and in hand comprises a bank current account and a small petty cash balance. 1.13 Credltors and Provlslons Creditors are recognised where the charity has a present obligation as a result of a past event that will probably result in the transfer of funds to a third party and the amount due to settl6 the obligation can be measured or estimated reliably. Creditors are nomially recognis8d at their settlemenl amount after allowing for any Irade disr))unts due. 1.14 Flnancial Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaGlion value and subsequently measured al their seltlemenl date. with the exception of fixed asset investments which are subsequently measured at their fair value as al the balance sheet date using the Closing quoted market price. 2. Other èx en8es ovomance costs 2025 2024 Training Postage and stationery Subscriptions Computer expenses Out of pocket expens8S Depreciation Accountancy Inlerest payable and charges Insurance 888 278 106 57 110 112 7,410 420 103 45 4,098 540 256 £11028
CLEAN PLANET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 {CONTINUED) 3. Fixed assets 2025 2024 Plant and equipment cost bld additions disposals cost clhvd depreciation bld charge for the peri¢xJ disposals depréciation clfwd 39,868 5.043 5,583 34,915 630 44,111 39,868 (4.656) (7.410) 288 {5581 (4.0981 £32 333 £35 212 4. Debtors 2025 2024 Sundry debtor S. Crodltor8: amounls fallin due wtthin 1 oar 2025 2024 Accruals and deferred income £420 £420