TCV

Connecting people and green spaces

David Attenborough with TCV staff and volunteers

Annual Report and Financial Statements

TCV’s Annual Report and Financial Statements and Strategic Report with Supplementary Information can be found here.

The current financial year appears first, followed by the previous four years. Each report contains an introduction from TCV’s Chair and Chief Executive, an overview of projects and achievements throughout the year and case studies that describe our work with partners and funders to achieve our four outcomes of environment, community support, health & wellbeing, and learning & skills.

The full Annual Report includes the trustees’ and directors’ report incorporating strategic report, overview of TCV trustees and advisors, independent auditor’s report, financial statements and schedules of restricted and conditional grants. The Strategic Report is a summary version without the full financial statements.

TCV is committed to making all our communications accessible and inclusive. Our accessibility statement describes what we are doing to make documents more accessible, such as our annual report, which is currently in PDF format and ISSUU page turner.

Annual Report and Financial Statements 2020-2021

Key highlights 2020-21

Achievements

  • Despite the pandemic, TCV achieved a significant amount during 2020 (calendar year), working with 51k people (2019: 83k) and 3k volunteers (2019: 13k) delivering 31k volunteer workdays (2019: 65k) and transforming 919 green spaces (2019: 1,433). We also created a further 13k days of green space connections (2019: 63k) through occasional volunteering, training courses, nature engagement and education sessions.
  • Our Community Network grew to 1,586 members over the course of the year, representing 31,720 community volunteers.
  • The 2020 I Dig Trees programme, funded by OVO Energy and delivered by TCV, was the most successful programme to date with 370k trees allocated to 700 local community groups for planting and subsequent maintenance.
  • Working with our partners NatWest and Barking and Dagenham Council, TCV helped to deliver a ‘Forest of Thanks’ to recognise the incredible work of all those that went above and beyond during the pandemic. The Forest is a mini-urban forest of 32,000 trees in Dagenham, which is the largest Miyawaki project in Europe, providing enhanced carbon absorption, increased biodiversity, improved air quality and noise reduction.
  • During the year we refreshed the TCV strategy for the period 2021-25: ‘For people and green spaces: a thriving network for everyone,’ which will be implemented from 2021-22. Read more here.

The impact of TCV’s volunteers, Community Groups and staff over the year can be found here.

Financial information

  • TCV reported a deficit of £338k (2020: surplus of £253k), resulting from the coronavirus pandemic and related restrictions on our activities in the year.
  • The charity closed the year with reserves of £3,720k (2020: £4,058), including unrestricted reserves of £1,808k (2020: £1,706k), representing 15 weeks of operational expenditure.
  • Income decreased by £1,408k to £7,351k for the year.
  • Expenditure decreased by £817k to £7,689k in the year.
  • The net asset value decreased by £338k in the year (2020: £253k increase) with net assets of £3,720k at 31 March 2021 (2020: £4,058k).
  • The Charity had a net cash outflow of £845k for the year (2020: £96k inflow) arising from the deficit for the year.

Annual Report and Financial Statements 2019-2020

Annual Report and Financial Statements 2018-2019

Annual Report and Financial Statements 2017-2018

Annual Report and Financial Statements 2016-2017