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2025-06-30-accounts

CITY OF TREES TRUST

CHARITY REGISTRATION NUMBER: 1202636

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

CITY OF TREES TRUST

A REGISTERED CHARITY NO: 1202636 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

INDEX PAGE
PAGE NO. CONTENTS
1 Trustees' Report
9 Auditors Report
13 Statement of Financial Activities
14 Balance Sheet
15 Statement of Cash Flows
16-28 Notes to the Accounts

1

CITY OF TREES TRUST

Report of the trustees for the Period Ended 30 TH of June 2025

The trustees present their annual directors' report and financial statements of the charity for the Period Ended 30th of June 2025. The financial statements comply with the Charities Act 2011, the governing document and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Reference and administrative information

Charity Name: City of Trees Trust Charity Number: 1202636

Trustees

The trustees and officers serving during the period and since the year end were as follows: Dr Carl Austin-Behan (Chair) (appointed 4th April 2023) Alan Quinn (appointed 4th April 2023) Dawn Lowry-Hair (appointed 4th April 2023) Kevin Coughlan (appointed 17th of April 2023) Eleanor Ward (appointed lih of April 2023) Hannah O'Riordan (appointed 17th of April 2023) th Anais Biaux (appointed 17 of April 2023) Tam Watson (Treasurer) (appointed 15th of July 2024)

Key Management Personnel

Jessica Thompson Chief Executive Officer Kevin Wigley Head of Operations Helena Lee Business & Finance Manager (Co-opted Company Secretary, November 2023)

Registered Office

Discovery Works, Unit 3 Third Avenue Trafford Park Manchester M171BW

Auditors

McKellens The Embankment Business Park 11 Vale Road Heaton Mersey Stockport SK4 3GN

Bankers

Lloyds Bank pie, 42-46 Market Street, Manchester Metro Bank, One Southampton Row, London, WClB SHA

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CITY OF TREES TRUST

Accountants

Community Accountancy Service Limited

(Trading division of Hilton Jones Ltd)

Hollinwood Business Centre

Albert Street

Oldham

OL8 3QL

Objectives and activities

The purposes of the charity are:

  1. To promote for the benefit of the public, the conservation, protection and improvement of the physical and natural environment through the planting and nurturing of the urban forest, in both urban and peri-urban areas across Greater Manchester and beyond.

  2. To advance the education of the public through activities and engagement that aim to support all aspects of conservation, protection and improvement of the natural environment in an urban and peri urban setting.

The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the policies for the year. City of Trees Trust meets the public benefit principles by specifically meeting these three charitable purposes:

Strategies for Achieving Objectives

We have identified three core aims to guide us in achieving our objectives and identifying the focus of our work:

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CITY OF TREES TRUST

City of Trees is part of England's Community Forests. As a Community Forest, all our charitable activities focus on care for the natural environment which encompasses public benefit. We review our aims, objectives and activities every year to ensure that we are meeting our stated objectives. The review includes evaluation of our activities to assess both what we have achieved and how we can learn from the outcomes of our work to contribute to future activities.

Activities for Achieving Objectives - How we work

The charity delivers its charitable aims in various ways:

Our programme of work is spread across three key areas:

We also are developing our offers in terms of:

Structure, governance and management

City ofTrees Trust is a charitable incorporated organisation governed by its constitution dated 4th of April 2023 and is registered with the Charity Commission (dated 5th April 2023).

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CITY OF TREES TRUST

Recruitment and Appointment of trustees

As set out in the governing document, our trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. A charity trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of a least one year.

Trustee induction and training

New trustees are provided with information about their role and responsibilities, as outlined in our Trustee Handbook and our Trustee Code of Conduct Policy. Trustees are also given a copy of our constitution, information about current staffing and current policy documents. If a trustee is appointed to a subgroup, they are given further information on funding and internal systems that are specific to that subgroup. Trustee meetings are sometimes held at a planting site where we will first discuss core business, then take part in a planting session. Trustees will be invited to take part in a planting day at least once per year to gain a fuller understanding of the charity's direct delivery work.

Organisational Structure

The board of trustees administers the charity and are legally responsible for ensuring that resources are used appropriately and only in support of our objectives. The board of trustees meet quarterly to review strategic business and make decisions that provide leadership and direction for the charity. The trustees delegate the day-to-day operations to the CEO and senior managers. A Finance & Risk Subgroup comprising n.ominated trustees, including the charity Treasurer, and senior staff meet quarterly with the external accountant.

City of Trees Trust believe in rewarding staff fairly and adhere to the National living Wage standard. We also adhere to a salary framework devised by our outsourced HR provider, Solutions for HR, supported through bench-marking exercises set to remunerate our employees appropriately according to their specific skills and level of experience. We also want to retain skilled and expert staff for the long term and set our salaries at a competitive market rate. Our rates of pay are reviewed annually by our senior management team and trustees.

The senior management team at 30th of June 2025 comprised of:

Chief Executive Oficer Jessica Thompson
Head of Operations Kevin Wigley
Head of Partnerships Alex Bedford
Head of Communications and Engagement Aimee Lawless
Head of Innovation and Insights Bryan Cosgrove
Head of Green Infrastructure Pete Stringer

Fundraising Standards

City ofTrees Trust is a member of the Fundraising Regulator and has an Ethical Fundraising Policy. We fundraise through our in-house fundraising team comprising of a Head of Partnerships and a Partnerships Officer who focus on building relationships with companies and funding organisations who support our values.

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CITY OF TREES TRUST

Partners are required to sign non legally binding agreements when entering into a partnership with City of Trees which clearly outline the partnership expectation, goals, reporting requirements and use of the charity's logo in marketing materials. We do not outsource fundraising activities to third party organisations. Reports are completed and made available to donors in line with the donor's partnership agreement reporting schedule.

We did not receive any complaints regarding our fundraising practices during the 24/25 period.

City of Trees have a safeguarding policy which is upheld by all members of staff to ensure that vulnerable people and children are safeguarded when engaging with City of Trees. We have a dedicated child and vulnerable persons safeguarding officer and all staff receive training on our safeguarding policies annually. We regularly review our safeguarding policies to assess risk and ensure that there are clear channels for people to be able to report any concerns they may have. We are committed to ensuring that volunteers, staff, members of the public and other beneficiaries concerns are dealt with in an open and timely manner. In line with the Institute of Fund raising code of fund raising practice, when dealing with vulnerable potential donors, City of Trees will always err on the side of caution. If we suspect that a donor may be vulnerable we will always end the conversation immediately without making a request for a donation and without enquiring about the individual's capacity to make a decision.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work as a trustee with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party under our Conflict of Interest Policy.

A review of our achievements and performance

The main achievements during the year are:

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CITY OF TREES TRUST

Grants Made

Grants were made to third parties as part of our funding terms and in pursuit of our objectives as follows:

Bolton at Home (Urban Tree Challenge)
Oldham Council (Urban Tree Challenge & Tres for Climate)
Stockport Metropolitan Borough Council (Urban Tree Challenge)
Cockshouse Farm (Trees for Climate)
Cheshire Wildlife Trust (woodland creation)
First Choice Homes, Oldham (Trees for Climate)
Manchester City Council (Urban Tree Challenge)
Stockport Homes (Urban Tree Challenge)
Tameside Council (Urban Tree Challenge)
Groundwork Greater Manchester (Woodland creation)
Total		 5,521
118,847
54,432
15,246
99,045
13,300
98,479
1,985
5,976
14,741
427,572

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CITY OF TREES TRUST

Plans for Future Periods

Our activities are arranged under the following organisational objectives:

- Unlocking Land (for planting, management service opportunities)

- Engaging communities growing reach across Greater Manchester

Urban forest-growing our urban forest and raising the profile

Financial review

The charity had ended the year with income totalling £3,644,810. Expenditu�e of £3,224,833 was incurred leaving a surplus of £419,977. Unrestricted reserves at the year end, were £1,337,634 of which £55,861 was designated for general tree maintenance, £75,467 related to capital assets still to be depreciated and £244,511 for future lease commitments.

Investment powers and policy

The trustees, having regard to the liquidity requirements of operating the charity, have recently placed available funds in an interest bearing deposit account. Advice is being taken from an independent financial advisor for the most suitable modes of investment for the charity going forward.

Reserves policy and going concern

The balance held in unrestricted reserves at 30th of June 2025 was £1,337,634 of which £961,795 is free reserves, after allowing for funds tied up in tangible fixed assets ancl designated funds (£375,839). Restricted reserves totalled £940,848 with £17,121 relating to fixed assets (spent), £78,304 relating to future maintenance plans and £845,423 relating to revenue.

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CITY OF TREES TRUST

The trustees aim to establish and maintain free reserves in unrestricted funds at a level which equates to approximately six months of charitable expenditure (currently £1,582,183). This includes a planting budget as grants are largely claimed in arrears so the charity has to invest funds in the initial planting schemes. The trustees consider that this level will provide sufficient funds to meet cash flow demands and respond to changes in the funding environment. Currently free reserve; including designated funds stand at just under3.6 months running costs. Having regard to the 26/27 budget and supplemented by the general funds the trustees consider that the charity is a going concern.

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Each risk is assessed according to its likelihood and potential impact, and appropriate actions and procedures are agreed to mitigate any risks the charity faces. Procedures are in place to ensure compliance with health and safety of staff, volunteers, service users and visitors.

Trustees responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with general applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2015 and the provisions of the trust deed. They are also responsible for safekeeping the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed Q!l.behalf .?f the trustees

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Date: 3 QliMarch 2026
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9

City of Trees Trust

Independent Auditor's Report to the Members of City of Trees Trust

Opinion

We have audited the financial statements of City of Trees Trust (the 'charity') for the year ended 30 June 2025, which comprise the Statement of Financial Activity, Balance Sheet, Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Trustees' Report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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City of Trees Trust

Independent Auditor's Report to the Members of City of Trees Trust

Opinion on other matter prescribed by the Charities Act 2011

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the Statement of Trustees' Responsibilities set out on page 8, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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City of Trees Trust

Independent Auditor's Report to the Members of City of Trees Trust

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the charity through discussions with directors and other management, and from our knowledge and experience of the charity sector;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Charities Act 2011, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• that identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

• understanding the design of the charity's remuneration policies.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify and unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining accounting estimates set were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance;

A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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City of Trees Trust

Independent Auditor's Report to the Members of City of Trees Trust

Use of our report

This report is made solely to the charity's members, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Roper (Senior Statutory Auditor) McKellens Ltd 11 Riverview The Embankment Business Park Vale Road Heaton Mersey Stockport SK4 3GN

9 April 2026

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CITY OF TREES TRUST

(incorporating income and expenditure account)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025

Total Funds Total Funds
Year Ended Period 5 April
Unrestricted Restricted 30 June 2023 to 30
Notes Funds 2025 Funds 2025 2025 June 2024
£ £ £ £
INCOME FROM:
Donations & Legacies 3 235,447 33,670 269,117 183,488
Charitable Activities 4 74,134 3,252,149 3,326,283 3,904,112
Other Trading Activities 5 25,717 25,717 27,624
Investment Income 6 23,674 23,674 71
Other Income 19 19 37
TOTAL INCOMING RESOURCES 358,991 3,285,819 3,644,810 4,115,332
EXPENDITURE ON
Raising Funds 7 60,467 60,467 46,630
Charitable activities 8 23,703 3,140,663 3,164,366 3,319,038
TOTAL 84,170 3,140,663 3,224,833 3,365,668
NET INCOME (EXPENDITURE) 274,821 145,156 419,977 749,664
Transfers between funds 19 (64,780) 64,780
NET MOVEMENT IN FUNDS 210,041 209,936 419,977 749,664
RECONCILIATION OF FUNDS
Transfer on Divestment 11 1,108,841
Total Funds Brought Forward 1,127,593 730,912 1,858,505
TOTAL FUNDS CARRIED FORWARD 19 1,337,634 940,848 2,278,482 1,858,505

The statement of financial activities includes all gains and losses in the year.

The notes on pages 16 to 28 form part of these accounts.

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CITY OF TREES TRUST

BALANCE SHEET AS AT 30 JUNE 2025

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2025 2024
NOTES £ £ £ £
FIXED ASSETS
Tangible Fixed Assets 13 92,588 134,687
CURRENT ASSETS
Stock 14 26,377 22,997
Debtors & Prepayments 1,964,624 3,086,378
Cash at Bank and in Hand 4,719,703 2,489,628
6,710,704 5,599,003
CREDITORS:
Amounts falling due within one year 16 (757,065) (789,190)
(757,065) (789,190)
NET CURRENT ASSETS 5,953,639 4,809,813
CREDITORS:
Amounts falling due after more than one year 18 (3,767,745) (3,085,995)
TOTAL NET ASSETS 2,278,482 1,858,505
ACCUMULATED RESERVES
Unrestricted Funds 20 1,337,634 1,127,593
Restricted Funds 20 940,848 730,912
2,278,482 1,858,505
15
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Approved on behalf of the board of trustees:

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Dr Carl Austin-Behan Mr Tam Watson
Date: 30 March 2026
The notes on pages 16 to 28 fonn part of these accounts.
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15

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

Reconciliation of net movement in funds to net cash flow from operating activities

2025 2024
£ £
Net movement in funds 419,977 749,664
Add back depreciation 49,979 47,353
deduct donation in kind (16,252)
Deduct investment income (23,674) (71)
Decrease/(increase) in debtors 1,121,754 (3,086,378)
(Increase) decrease in stock (3,380) (22,997)
lncrease/(decrease) in creditors 649,625 3,875,185
Net cash used in operating activities 2,214,281 1,546,504
Cash flows from investment activities:
Interest 23,674 71
Purchase of fixed assets (7,880) (165,788)
Net cash provided by investing activities 15,794 (165,717)
lncrease/(decrease) in cash and cash equivalents during 2,230,075 1,380,787
the year
Transfer of Funds on Divestment 1,108,841
Cash and cash equivalents brought forward 2,489,628
Cash and cash equivalents carried forward 4,719,703 2,489,628

16 ciri OF TREES TRUST NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 30 JUNE 2025 1 ACCOUNTrNG POLICIES {a) Basi$ of prnparatlon and aSSP￿rn¥nI of golng concern The accounts (financial statements) have been prepar81J underthe historlcal cost convention vath ittirlls r8c(xJn1sed at cost or trdnsaction value unless oth&rwise slated in the relevant notss to these accounls. The financi81 staloments have been prepared in aw>rdancè wth the Statement of Re¢omm8nded Practice". Ac￿Unting and R8w)iting by Charibes preparing their accounts in accordance with the Financial Reporbng Standard appli¢xble in the UK and Republic of Ireland IFRS 1021 issued January 2019 and the Finanaal ReporbTrJ Stsndard applicable in the Unlted Kingdom and Republic of I￿land {FRS 1021 and the Charibes Act 2011. The charity constituies a public benefft enbty as defined by FRS 102. The Iruslees consider that therè are no material uncertainties atK)ul ts charl￿S aknlity to ¢x)ntinu8 as a goiThJ ¢oncern. Ibl Funds structure Restricted funds arè funds vthich are to b8 used in attxjrdance with sF￿ifiC restrictsons imposed by Ihg donor. When the requirèments of the restricted funds met leg assets are purchased) the tsan88cUon is shomm as a movement in funds from ￿Stricted to capital ftjnds. Unrestrictgd income funds comprise th088 funds which the truslees are free to use fvr any purpos8 Sn rtherance of the charttable objecis. Unrestricted fvnds indude deswnated fvnds where the trustees, at theiT discretion, have created a fvnd for a specffic purrKJse. The charity has creatsd 8 designated capital fvnd to meetthg futuyg depreciation chaTge of its assets. Furthor dgtsil$ of each bjnd are disdosgd in no16 19. (cl In¢oma r•cognltlon All income is recognised once the charTty has entillemtrnl to the income. IE is probable that thts incom8 wll be receNed and the amount of income receivable can be measured reliabty. Donations and grarrts are recognised when th8 ch8Tity ha$ been notified in ￿1b￿g of tKTrth the amount and 88tt1ement date. In the event that a donation or gTant is subi8¢Ato 0)n(r￿on$ that r6qu1r& a level of performance befr>￿ the charity is entiU8d lo thtr funds, ihe income is defeTred and not recognisg¢J until ettherthose conditions arg fulty met. orthe bjlfilment of ttrN)se ¢x)ndibons is wholly ¥thin the C4)ntrol of the charity and ti is probable that Ihose Gondtbons will be fulfilled in the reporbng period. Grants, Including those in r88tri(aed funds, specifying perfornance in future ￿TIodS a￿ deferred. Inlgresl on funds held on deposit is induded when r8ceivable and the amount can b8 rn88sur8d r91iably by the charity., this is nornwlly upon notification of the intsrest P8id or payable by the ban Idl Expanditure Recognition Liabilities are recognised as expendituTe as Soon 8$ thwe Is a18gal or constnJc*v8 obligation )mmitting the charity to that exp8ndTbAre. it is Probable that setuement wll be r9qulred and the amount ollhe obl￿atiOn can be measured reliabty- All 8xpend1ture is accountwj for on an accruals basis. Al ewenses induding SUp￿Irt costs and governanc8 costs ar& allO￿ted or apportson￿l to thg a￿lICable ex4)endituTe headirvJs. For rnorg infomadon on this attribution refer to nole {fj tekhv. 191 Taxation & Irrecoverable VAT The charity registeT8d for VAT. Irrecoverable vat is againsl expenditure. No provision has been rnade for taxth.on as exemption has been grantsd by HMRC from taxation under Sections 466 to 493 of the Corporation Taxes Ad 2010 or Section 256 oflho Taxation of Capital Gains Act to the exient that surpluse$ and gains ar8 appli￿1 for charitable purrK)$0$.

17 crry OF TREES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 lfj Allocatlon of support and 90￿Mance costs Support costs have been allocated betr￿en gov8TnaThx costs and 0th8r suprM)rt costs. Govemanc8 costs comprise all c08ts invoknng the public accountability of the charity and its compli8n¢& regulation and good practice. These costs include (x)sts r8lated to Independent examination and legal and prof8ssional fees t(NJglherwith an appoTbonmenl of overhead and support costs. Govèmance costs and support costs relating to Gharitable activibes have been appoTbon&J based on staff tim8 and the usag8 of faCIl￿eS and serwces for management PUTP088S. Th& allo(2tion of support and govemanLX costs is anatysed in note 9. Igl Costs of raSslng funds The costs of raising fvnds conslsts of staffiTrJ and fvndrai8ing overt￿3d5. Ihl Charftabl$ A¢t1vI￿aS Costs of charitable aclNities includ8 governa￿ co and an apportionment of SVP[￿rt ￿sts as shown in nots 8. {11 Tangibl• fix•d ass•ts and deprec1￿0￿ All assets costing more than £500 are capTtalised and valued al histOriL%I o)5t. In th& chariV8 opening year. some assets less than £500 have been ￿p[￿alISe¢j on set up. Depreciation is charged on the following basis.. Lts8sehold Improvements 20% on ￿ls1 Plant & Equipment 20% on cost Fixiures & Fitdngs 20% on ¢ost Computsr Equipment 33.33% on cost Website 50% on cost The total of any o8pital grdnts are recognised in the Ststement o Fin8noial Acbvtbes in the year they are received. as requiTed by the SORP. and not defe￿ed overthe lrfe ofthe related assets. Ul Stock Stock is sla18d at th8 lower of cost and net realisabl6 value on a first In flyst out basis. Ikl D?btors Trade and other debtors are reccgnisgd * sewement amount due after any Irdde di￿ount offsrod. Prepaym9nts arg valued at the amount prepavj net of any tradè discounts due. {1} Creditor5 and Provisions Creditrirs and provisions are rec(NJnised Whe￿ the charrty has a preserrt obligation rp$ultiThJ from a p8St event th81 will pr(>bably resu￿ in the transferoffunds to a third party and the amount due to se￿0 the obligation can be measured or 8sbm818d reliabty. Creditors and provisions a￿ nomalty Y8(x)gnl8ed at their sett18ment amount after allowing for any trade disc¢)unts du&. {rn) Roallsod galn$ and loss•s I gains and losses are taken to the Ststsment of Financial Acbvibes a5 Ihey arise. Re81isgd g8iris and losses on investmènts are calculated as the dTffgrpnce belween sales proceeds and their opening carrwng values ortheir purchasè value rf acquired subsequent to the fjrst day ofthe fin8nryal year Unrealised gains and losses are calculated as the dtff8rence between falr value at the year end and their varwng value. Realisecl and unrealised inv8Stmentgains and losses ar8 L¥)mbin8d in the Ststemtrnt of Financial Ac1}v￿es. {nl Penslons The company operdtes a defined contrbulion scheme. The assets ofthe ￿h￿rne are h91d separately from thoso of the company in an independgnuy adminisierèd fund. Conbibutions payable for the year are charged against thè income and expendTiure accounL The pension scherns is an auio enrolment compliant scheme. The charity has no liabil￿eS beyond making its contributions and payng across the deductions forthe employee'8 conthbulion8. lol Operatlng Leases Payments uncler operafjng leases are tharg8d to tho in¢om8 and 9XP8Nll￿ro account in the perfod to which they relats.

18

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

(p) Contingent liabilities

There were no contingent liabilities at 30th June 2025.

(q) Donated Services

The charity had over 1412 volunteers in the period contributing 5,248 volunteer hours, assisting with tree planting, woodland management and other conservation work.

No financial value has been reflected in the accounts for these donated services.

2 NET INCOMING RESOURCES FOR THE YEAR 2025 2024
This is stated afer charging: £ £
Depreciation 49,979 47,353
Audit Fees 5,850 6,000
Unrestricted Restricted Total 2025 Total 2024
3 DONATIONS & LEGACIES £ £ £ £
Donations & Gif Aid 235,447 3,078 238,525 152,896
Donation - The Mailing Room (match funding) 30,592 30,592 30,592
235,447 33,670 269,117 183,488

crry OF TREES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 4 INCOME FROM CHAR￿ABLE ACTivmES UnTestrlcted Restrlciod Total 2025 Total 2024 Groun(knrk Newto Naturp Groundwork. Green Spaces Llfg IP Nature 4 Heamh Communty Foresl Tnjst conduit grant- Northèm Forest Less.. deferred for maintenance Add.. ral88$ed for maintsnance nPower18arnfieldl Ogl8sby Charitsble Trust WEA- Roots to Work Groundwork- sp￿1$$ Sur¥iv81 Fund Trafford Metropolitan Borough Council TTafft)rd Mètropolitan Borough Council- legacy grant Forestry Commission E￿land- Tree Producbon Cai*lal Grant DEFRA- Forèsty Comrni58ion England- Urban Tree ( Cheshire West & Cheshire Council conduit grant- Trees for Climate Less.. deferred for mainten8n¢e Add.. rele&88d for maintenance Veolla GMCA- Woodland Creation Accelerator Fund Lor21 Authortty & Hous1r￿ Association grants GT8en Recovery Challenge Fund BoSton MBC- UKSPF Clean & G￿en grant IgnTbon City Releaf Boz Park GrantscapB- Silverdale Enwronm8nt Agtsncy- Cwmpton Moor Other Grants DWP Match Funding Salft>rtl City Council Six Town Housing Stockport Metropolttan BoTDwh Council Botton at Home Bolton MBC Onward Homgs One Mancheslgr Indiwduals & Non-profft organisauons Student Pl8cern8nl Services.. Surveys & Feasabilty Studies Ecology, research & species monitoring Training, Workshops & Learning Nets￿rks Corporate Soaal Responsibilty Ed(￿On Days Sf(e Developm8nl & Planting Tree maintenance 19341 29,273 4.731 1934} 29,273 4,731 9.950 19,055 43,250 10,030 1,229,043 1,229,043 2,041,442 {573,3981 1573,398) 11.269.916) 200.000 200,Otx) 64,626 64,626 112.083 112,083 14,535 14,535 74.881 74.881 75,1)00 75,0 295.000 93,750 83,184 61,071 488,515 488.515 412,164 1,507,485 1.507,485 1,593,917 1570.9661 1570.9661 1340.1621 256,128 256,128 37.391 149,223 313,987 74,188 13,000 24,158 44,768 17,715 22,962 102,654 102.654 15,t#)o 15.000 8,328 30.304 8.328 30.304 7.479 3,886 95.431 95,431 10,281 10,K27 20,OLYJ 11,286 18.810 9,918 855 12,825 20,000 11,286 18.810 9.918 855 12.825 2.432 54,965 12.975 7.024 17.833 32.240 1.630 74,134 12,975 7.024 17,833 32.240 3,530 3.252.149 3,326,283 1.747 17.527 59.581 1,728 3,904,112 Restricted Unrestrict&J 3,583.689 320,223 3.904,112

20

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

The total government grants receivable in the year to 30th June 2025 is £2,357,085. The specific funders are as follows: £75,000 relates to grants from Trafford Metropolitan Borough Council planting and maintenance; a further £488,515 was received from Forestry Commission England to support the Urban Tree Challenge. Cheshire West and Cheshire Council granted £1,507,485 with £570,966 deferred towards the Trees for Climate project and £256,128 released from earlier deferrals. Greater Manchester Combined Authorities granted £102,654 towards woodland creation which ran to December 2024. Salford City Council, Stockport and Bolton Metropolitan Borough Councils £95,431, £20,000 and £18,81 O respectively in match funding towards forests and urban tree projects. Bolton council via the UK Shared Prosperity Fund gave £15,000 towards Clean and Green. The Environment Agency gave £30,304 towards a project at Crompton Moor and DWP gave £3,886 towards access costs All terms of the grants have been fulfilled apart from those monies deferred for future project costs and maintenance.

5 INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted 2025 2024
£ £ £ £
100 Trees Club Fundraising 10,000 10,000 6,000
Website Development 10,355 10,355
Consultancy 5,362 5,362 21,624
25,717 25,717 27,624
6 INVESTMENT INCOME £ £
Bank Interest Receivable 23,674 71
7 EXPENDITURE ON RAISING FUNDS Unrestricted Restricted
Funds Funds Total 2025 Total 2024
£ £ £ £
Wages & Salaries 52,826 52,826 45,157
Professional Fees 2,970 2,970
Fundraising Costs 4,671 4,671 1,473
60,467 60,467 46,630

Expenditure on raising funds in 2024 was all unrestricted.

21 CITh OF TREES TRUST NOTES TO THE FENANCTAL STATEmE1￿s FOR THE YEAR ENDED 30 JUNE 2025 8 EXPENDrruRE ON CHARITABLE ACTivmES Educatlon. Wellbelng & Tree Plantlng Other Malntenance Total 2025 Total 2024 Employrnent Costs Recruitment & DBS Checks Seconded Staff Staff Traintng Staff Travel Staff Wolfare Team Events Relocation Cosis Rent & Service Charge Rates & Water Light & Heat Wast8 CollectSon Repairs & Renewals Dilapidalons Security Cleaning Insurance Project Costs.. Travel and Subsistence Vehicle Expenses Project Consultancy Partner Grants Made (see bel(w} Tr9es & Suppli8s Exiemal Contractor5 Materials Protective Clothing Small Tools & Equipment Equipment Hir8 Project Refreshments Evgnts Room Hi Insurdnce Othèr Cosls Laundry Supptsrt Costs Govemance Costs 55.432 122 .145.602 1201,034 871 993 58,500 58,500 7,601 9.015 6.018 8.018 164 170 3.716 6.458 965,066 3.299 56,975 11.868 133 1.414 Staff rrt &8ff 7b FkKb-AJva 2.742 12.886 86,167 10,982 12,126 4,406 8,235 36,000 819 3.167 1,685 6.393 707 555 254 110 92.451 8,072 7.086 3.434 2.476 98.844 7,641 3,689 2,586 60 2.￿9 2.212 137 2.841 2,410 232 8.901 67,259 14,379 427.572 495,583 283.133 9.365 71,117 14,379 427,572 495,599 283,700 81.727 6,053 15.fj76 15.567 1.926 4,570 350 9.456 849 426 9,244 29,714 34,335 283,347 599,870 519,909 254.402 10,660 8.789 19,470 1.744 6,284 1,180 8,693 1.179 353 16 567 1,262 6.053 14.499 14.067 1,737 3.370 110 8,768 825 426 1,1TT 1.500 1.2(Ml 240 24 Note 9 Not& 9 278,269 305.102 4,925 11,798 3.051,213 3.164,366 266.5gg 49.392 3.319,038 6,873 113.153 Restricted Unrts¥trict8(1 Total 103.446 9,707 113.153 3,037,217 3.140,683 13,996 23,703 3.051,213 3,164,366 3,187,515 131,523 3,319,038

22

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

GRANTS MADE Urban Tree Trees fr Total Total
Challenge Climate 2025 2024
Grants to Institutions £ £ £ £
Stockport Metropolitan Borough Council 54,432 54,432 10,022
Manchester City Council 98,480 98,480
Oldham Metropolitan Borough Council 48,256 62,125 110,381 27,143
Cheshire Wildlife Trust 99,044 99,044
Groundwork Greater Manchester 14,741 14,741 127,532
The National Trust 60,304
Other grants< £50,000 21,948 13,300 35,248 58,346
Grants to Individuals 15,246 15,246
223,116 204,456 427,572 283,347

9 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS

Governance
Support Costs Costs Total 2025 Total 2024
£ £ £ £
Management & Admin Salaries Staf Time 124,226 6,538 130,764 85,917
Rent & Service Charge Floor Area 10,983 10,983 9,574
Rates & Water Floor Area 975 975 1,220
Light & Heat Floor Area 849 849 1,347
Waste Collection Floor Area 410 410 489
Repairs & Renewals Floor Area 287 287 915
Dilapidations Floor Area 4,000
Security Floor Area 15 15
Cleaning Floor Area 316 316 352
Insurance Floor Area 268 268 187
Equipment Rental
Computer Maintenance & Softare
Marketing & Communications		 Diect
Diect
Diect		 738
16,896
9,293		 738
16,896
9,293		 3,766
14,650
14,212
Minor Equipment Direct 1,940 1,940 3,582
Office Refreshments Direct 2,532 2,532 2,842
Printing, Post and Stationery Direct 770 770 1,963
Subscriptions & Licences Diect 6,686 6,686 10,077
Telephone Diect 7,797 7,797 2,002
Website Costs Direct 3,448 3,448 1,217
Payroll Costs Direct 4,055 4,055 2,691
HR Costs Direct 10,165 10,165 10,691
Sundry Direct 2,740 2,740 1,705
Depreciation Direct 49,980 49,980 47,352
Irrecoverable VAT
Accountancy Suppor
Audit & Accountancy		 Diect
Diect
Goverance		 27,574
22,159		 5,100 27,574
22,159
5,100		 30,104
20,040
11,962
Legal Fees Goverance 17,850
Professional Fees Goverance 4,722
Management fee (CFT) Goverance 10,000
Bank Charges & Interest Goverance 160 160 562
TOTAL 305,102 11,798 316,900 315,991
Restricted Funds 238,484 4,899 243,383 272,997
Unrestricted Funds 66,618 6,899 73,517 42,994
Total 305,102 11,798 316,900 315,991

Included within audit and accountancy is £5,850 relating to the audit of the charity's annual accounts plus a provision of of £1,200 relating to a specific fund audit, less the release of £1,950 relating to an overprovision in the previous year.

23

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

10 STAFF COSTS 2025 2024
£ £
Wages and Salaries 1,208,935 967,500
Social Security Costs 113,259 78,314
Redundancy 2,180
Pension Costs 60,250 50,326
1,384,624 1,096,140

The charity considers its key staff comprises the Chief Executive Officer.Operations Manager and Business Support Coordinator.

The number of staff earning in excess of £60,000 p.a. was as follows:

Staf Earnings No of Staf
1		 Band
£60,000-£70,000 p.a.		 Band
£60,000-£70,000 p.a.
The remuneration, including employers NICs and pension contributions, of key staf in the year was £170,642
Full Time Full Time
The average number of employees during the year wa1 Actual 2025 Equivalent Actual 2024 Equivalent
Tree Planting & Maintenance 32 30.5
27		 26
Management & Administration 6
5.75
6
5
--------------------
38 36.25
33		 31
11 TRANSFER ON DIVESTMENT £
Donation 3,040,886
Less:deferred fr future maintenance Trees for Climate (1,193,961)
Northern Forest (738,084)
1,108,841

12 TRUSTEES' REMUNERATION AND EXPENSES

No remuneration has been paid or is due to be paid to any of the trustees in respect of the period. No

reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the period.

13 FIXED ASSETS

FIXED ASSETS
Leasehold Plant & Fixures & Computer
Improvements
Equipment		 Fittings Equipment Website Total
COST £ £ £ £ £ £
At 1st July 2024 122,084 15,730 1,965 10,402 31,859 182,040
Additions 7,880 7,880
Disposals
At 30 June 2025 122,084 15,730 1,965 18,282 31,859 189,920
DEPRECIATION £ £ £ £ £ £
At 1st July 2024 24,417 3,146 393 3,467 15,930 47,353
Provided in the year 24,417 3,146 393 6,094 15,929 49,979
Disposals
At 30 June 2025 48,834 6,292 786 9,561 31,859 97,332
NET BOOK VALUE
At 30 June 2025 73,250 9,438 1,179 8,721 92,588
At 30 June 2024 97,667 12,584 1,572 6,935 15,929 134,687

24

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

14 STOCK 2025 2024
£ £
At lower of cost and net realisable value 26,377 22,997
15 DEBTORS & PREPAMENTS 2025 2024
£ £
Trade Debtors 137,700 123,911
Other Debtors 112,976 168,038
Accrued Income 1,666,830 2,757,423
Prepayments 47,118 37,006
1,964,624 3,086,378
Restricted 1,740,416 2,874,484
Unrestricted 224,208 211,894
1,964,624 3,086,378
16 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024
£ £
Trade Creditors 136,982 195,548
Deferred Income 479,281 456,128
Other Creditors 12,875 7,976
Social Security and Other Taxes 32,367 34,689
Accruals 95,560 94,849
757,065 789,190
Restricted 635,693 674,197
Unrestricted 121,372 114,993
757,065 789,190
17 DEFERRED INCOME
Deferred income comprises grants set aside for future maintenance commitments. 2025 2024
£ £
Balance brought forard 3,542,123
Amount deferred from divestment transfer 1,932,045
Amount deferred in year 1,161,031 1,610,078
Amount released in the year (456,128)
4,247,026 3,542,123
18 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024
£ £
Deferred Income - Maintenance 3,767,745 3,085,995
3,767,745 3,085,995

25 Gtrf OF TREES TRUST NOTES TO THE FINANCIAL STATEMEp¥fs FOR THE YEAR ENDED 30 JUNE 2025 19 ANALYSIS OF CHARITABLE FUNDS Balancè at Incomlng n•t 0110712024 of d•f•rrals Balance At Outgoing 3010612025 Transfe Restrlct8d Rov•nu•.' Bamfield (incl Npower) Bolton Orchards Urban Tree Challerue DWP Ignition Northem Forest Grow Back G￿ner Iconduf( grant via & match Oglesby Charitable Trnst Ltfe IP- Natural CourBe Clty R&lèaf Environment Agen￿- Crompton Moor Grgon Social Pres¢ribing Groundworf(. Green Spaces WEA Roots to Work Nature for Health Newto Natu￿ & UFA'S SI￿erda18- GrantSTrP8 Spedes SuNival Fund TCMP Tr8fford Veolia SWP WCAF Tree Production Captsl Grant & match cheshi￿ West & Cheshire Council- Tr898 for Climate Trees for Climate- Other Bolton Council- UK Shaygd Prosperity Medlock Landscape Assessment Maintenanc• Funds Boz Park Northem FoTest Grow Back Greener CWAC Tr￿ forclimats Capltal.. Oglesby Ch8ritabl8 Trust Donation in Kind- equipment CWAC Trees for Climats DWP Northem Forest Tree Production Capital Grant Totsl R88lricted Fund8 8,862 9.926 {115,4741 64,&26 30,139 1.979 18,953 11.1301 17161 111,9051 (293.2611 12,1071 (29,215} 102,911 543.642 153,860 649 29,215 {4.781) 291,320 {15,249) 18.166 1106) 750,721 112.083 24,n1 1750,498) 1200.6381 19,4821 787 (30.2261 {12,7551 {24,5171 {15,5251 111,1721 {3,2421 {8,4011 169,0231 175,962) 14,556) 202.765 118.9531 30,304 1281 1.610 50,356 29,273 14,535 55,112 11,2221 3.208 73 {9341 8.328 74.881 75.OLNJ 5.858 297,394 295.316 3,060 64,4601 {27.859} 3.060 13,0601 59.677 524 102.654 30,5Y2 197.871) {3,257) 34.067 936.519 (4,3421 1948.5ff21 12,3941 17.682 15.000 15,000 3.026 (3.0261 30.139 22,606 118.011 (30,139) 12,3931 1199,4741 2.010 I320.0￿> 201.506 256.128 22,245 56,059 12.467 12215 765 112.4671 {4.037} 1382) 8,178 2,715 1.130 1,425 3,673 940,848 2.332 1.130 1.425 4.898 730.912 1,225 3.140.663 3.285.819 64,780 Unrestrtctsd.. General Funds Dgsigna18d-18ase commthents Designated- MaSntenance Funds Designated Capitsl Funds 681.016 289.586 55,861 101.130 1,127.593 1.858,505 358,991 185.079) {13.133) 145.0751 961,795 244,511 55,861 75,467 1,337,634 2,278,482 25,962 184,1701 3.224,833 358,991 3,644.810 164.7eAJI

26

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

19 cont...

ANALYSIS OF CHARITABLE FUNDS[-] Transferred Previous Year

on

ont...
ANALYSIS OF CHARITABLE FUNDS-
Previous Year		 Transferred
on
Divestment
net of Incoming net of Balance At
deferrals deferrals Transfers
Outgoing		 30/06/2024
Restcted Revenue: £ £ £
£		 £
Barnfield 10,000 (1,138) 8,862
Bolton Orchards 9,926 9,926
DEFRA - Urban Tree Challenge (177,204)
481,472		 54,214 (473,956) (115,474)
Ignition 5,057 24,158 29,215
Northern Forest Grow Back Greener
(conduit grant via CFT) & match 809,952 (21,227) (793,506) (4,781)
Oglesby Charitable Trust 289,677 295,000 (12,467) (280,890) 291,320
Life IP - Natural Course
City Releaf		 (4,373)
(605)

10,030
44,76		 (20,906)
(25,997)
(15,249)
18,166
Environment Agency - Crompton Moor (106)
(106)
Green Recovery Challenge Fund (77,906)
74,188		 3,540 178
Green Social Prescribing 11,147 (2)
11,145
Groundwork - Green Spaces 39,032 43,250 (31,926)
50,356
Green Spaces - other 479 (479)
Nature for Health 12,570 (12,570)
New to Nature & UFA's 32,055 (28,847)
3,208
Silverdale - Grantscape
TCMP Traford		 140,956 25,502
176,934		 (25,429)
(22,574)

73
295,316
Veolia SWP 37,391 (34,331)
3,060
WCAF (13,335)
149,222		 (200,347)
(64,460)
Tree Production Capital Grant & match 91,663 (4,898) (114,624)
(27,859)
Cheshire West & Cheshire Council -
Trees for Climate
Trees fr Climate - Other		 1,253,755
1,728		 (118,776) (1,100,912)
(1,728)

34,067
UFA (11,000)
8,750		 2,250
Medlock Landscape Assessment 3,026 3,026
Maintenance Funds:
Boz Park 14,726 17,715 (2,302)
30,139
Northern Forest Grow Back Greener 26,469 7,223 (11,086)
22,606
CWAC Trees for Climate 118,011 118,011
Managing Manchester's Trees 953 (953)
Capital:
Oglesby Charitable Trust 12,467 12,467
Donation in Kind - equipment 16,252 (4,037)
12,215
CWAC Trees for Climate 765 765
Tree Production Capital Grant 4,898 4,898
Total Restricted Funds 230,077 3,630,733 57,617 (3,187,515)
730,912
Unrstricted:
General Funds 823,856 484,599 (449,286) (178,153)
681,016
Designated - lease commitments 289,586 289,586
Designated - Maintenance Funds 54,908 953 55,861
Designated Capital Funds 101,130 101,130
878,764 484,599 (57,617) (178,153)
1,127,593
1,108,841 4,115,332 - (3,365,668) 1,858,505

Transfer on Divestment

Transfers

On 5th April 2023 City of Trees Trust became an established charitable incorporated organisation and divested its projects on 1st July 2023 from Community Forest Trust, registered charity no.1072706. Transfers are made to the designated capital fund due to grants being spent on fixed assets. The balance represents the book value of assets still to be depreciated.

Transfers are also made to ringfence monies committed to leases

27

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Purpose of Restricted Funds:

Development of a community tree nursery and National Urban Forestry Centre. This includes funds from nPower.

Barnfield

Bolton Orchards Ongoing establishment and maintenance of 5 orchards for Bolton Council Defra Urban Tree Challenge Ongoing establishment and maintenance of standard trees across Greater Manchester DWP Accessibility grant Ignition Development of innovative financing solutions for investment in Greater Manchester's natural environment Northern Forest Grow Back Greener Ongoing establishment and maintenance of standard trees across Greater Manchester Oglesby Charitable Trust General support for ongoing organisational activities and costs Life IP - Natural Course Funding for improved design of projects to better understand and overcome some of the biggest barriers preventing the achievement of "good ecological status" in the North West River Basin District City Releaf Project development and delivery : semi-mature tree planting in Manchester City Centre Environment Agency - Crompton Moor Installation of natural flood management projects and ongoing monitoring of their impact Green Recovery Challenge Fund Capital works and volunteer engagement in Bury and Trafford WEA Roots to Work To support people into work Green Social Prescribing Baselining and development of GSP network, bringing together stakeholders and practicioners Groundwork - Green Spaces Supporting community-led projects across Greater Manchester Nature for Health Administration and chairing of network New to Nature & UFA's To support new posts,training and development. Silverdale - Grantscape Capital works (planting), biodiversity and conservation, and volunteering engagement at Silverdale Salford Species Survival Fund Woodland management and biodiversity improvement project TCMP Trafford Management, coordination and delivery of the Trafford Countryside Management Partnership, in conjunction with Trafford Council, AMEY pie and The Conservation Volunteers Veolia SWP Capital works and volunteer engagement at Sale Water Park,Trafford WCAF Revenue funding for Woodland Creation Advisors and Coordinator Bolton Council UK Shared Prosperity Fun Towards salary costs of Bolton resident staff Tree Production Capital Grant Capital works project at Barnfield, Bury

Bolton Orchards Defra Urban Tree Challenge DWP Ignition

Northern Forest Grow Back Greener

Oglesby Charitable Trust Life IP - Natural Course

City Releaf

Environment Agency - Crompton Moor

Green Recovery Challenge Fund WEA Roots to Work Green Social Prescribing

Designated Funds

Cheshire West & Cheshire Council Medlock Landscape Assessment

Amounts are ringfenced to cover outstanding lease commitments on the 3rd Avenue property, to cover unfunded woodland maintenance and to cover future depreciation still to be charged on assets (spent funds). Tree planting project Woodland condition assessment and identification of potential planting areas

20 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted
Funds Funds Total 2025
£ £ £
Tangible Fixed Assets 75,467 17,121 92,588
Net Current Assets 1,262,167 4,691,472 5,953,639
Long Term Liabilities (3,767,745)
(3,767,745)
Net Assets at 31 March 1,337,634 940,848 2,278,482
Unrestricted Restricted
Funds Funds Total 2024
£ £ £
Tangible Fixed Assets 104,342 30,345 134,687
Net Current Assets 1,023,251 3,786,562 4,809,813
Long Term Liabilities {,085,995)
(3,085,995)
Net Assets at 31 March 1,127,593 730,912 1,858,505

28

CITY OF TREES TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

21 CAPITAL COMMITMENTS

Contracted but not provided for

£ nil

22 OPERATING LEASE COMMITMENTS

OPERATING LEASE COMMITMENTS COMMITMENTS
The total future lease payments under non-cancellable
operating leases are: Land and Land and
Equipment Buildings Total Equipment Buildings Total
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Within one year 575 81,000 81,575 575
81,000		 81,575
Between 2 - 5 years
Afer 5 years		 936 162,000 162,936 1,511
243,000		 244,511
1,511 243,000 244,511 2,086
324,000		 326,086

A new 5 year lease in respect of the property at Discovery Works, Third Avenue, Trafford Park runs from May 2023 to April 2028.

23 RELATED PARTIES

There are no transactions with related parties . City of Trees Trust divested from Community Forest Trust but do not share any trustees in common, though continue to be a partner in funded projects.

24 FINANCIAL INSTRUMENTS

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised on a transaction value and subsequently measured at their value with the exception of bank loans which are subsequently measured at an amortised cost using the effective interest method.

25 POST BALANCE SHEET EVENTS

There are no significant post balance sheet events that the trustees consider would have an impact on the financial statements as presented.

City of Trees 30 June 2025 Accounts

Final Audit Report

2026-04-09

Created: 2026-04-09 By: Kevin Wigley (finance@cityoftrees.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAlLEuCcL-ofJWSxKwG_69LX8Dn9U0E540

"City of Trees 30 June 2025 Accounts" History

Document created by Kevin Wigley (finance@cityoftrees.org.uk)

2026-04-09 - 08:46:45 GMT

Document emailed to Jonathan Roper (paul.roper@mck.co.uk) for signature 2026-04-09 - 08:46:52 GMT

Email viewed by Jonathan Roper (paul.roper@mck.co.uk) 2026-04-09 - 08:53:48 GMT

Document e-signed by Jonathan Roper (paul.roper@mck.co.uk)

Signature Date: 2026-04-09 - 08:54:15 GMT - Time Source: server

Agreement completed.

2026-04-09 - 08:54:15 GMT