I) DERWENT
VALLEI TRUST
Annual Report for the Financial Year I" April 2022 to 3151 March 2023
Introdurtlon
The Derwent Valley Trust CIO is a registered charity number 1058609. The Derwent
Valley Trust was converted, to a Charitable Incorporated Organisation, on 20 January,
2023.
The Current Trustees are:
Derek James Latham (Chair)
Howard Arthur (Chair Derwent Valley Heritage Way)
Jeremy Jones (Treasurer)
Clive John Pegg (Secretary)
Ben Seal (Chair Paddle Trail)
Dr Tanya Spilsbury (Chair Cycleway)
Timothy John Wilmshurst (Vice Chair & Project Lead)
Peter White {L A & Sustainable Transport Lead)
Purpose and Main Activities of the Charity
The Denvent Valley Trust was founded in 1996. It is exclusively charitable and the
objects of the trust are, amongst other things, to enable and encourage active travel
and to identify. preserve and enhance, for the public benefit, the area comprised in
the Derwent Valley in Derbyshire and the abutment area and whatever natural,
historical, cultural, geological, architectural and constructional heritage may exist in
the area of benefit.
The trust established the Derwent Valley Heritage Way in 2003 which enable5 the
public to benefit from the experience and exercise when walking along this trail.
The trust has also actively promoted the potential to develop an off-road multi-user
trail {for cycling, walking, mobility vehicles and horse-ridingl to be known as the
Derwent Valley Cycleway from the old port of Shardlow to Hathersage, a paddle trail
down the length of the River Derwent and a horse trail to extend the Pennine

Bridleway to Derby. The trust partners with other organisations to achieve these
goals.
Structure, Governance and Management
The governing document of the Charity is a constitution which was last amended on
th
20 January, 2023.
The Derwent Valley Trust is a small charity with clearly defined responsibilities,
amongst the trustees and other members, in order to set objectives, plan
implementation, track progress and to deliver. The Board of the charity meets once
every three months and the Steering Group every six weeks. The Board comprises
the trustees and the Steering Group the trustees plus any other members with
specific responsibilitie5. Minute5 are prepared, circulated and approved for each of
the meetings and this includes important meetings with third parties.
There is frequent contact between the trustees and other members of the charity by
email and phone calls.
Flnanclal Pollcles and Flnanclal Revlew
At the 31st of March 2023 the Trust had £6,722.59 credit; there were no restricted
funds.
During the financial year under review, the Charity did not hold any funds as
custodian trustee for others.
The charity continues to keep up to date with its responsibilities and current financial
controls.
Achlevement and Performance
The Steering Group focused on tracking progress and recommending corrective
measures to progress towards the main deliverables for the charity in terms of
creating a new trail along the Derwent Valley, maintaining and promoting the
Heritage Way and to developing Strategic Partnerships and governance.
Derbyshire County Council {DCC) had initiated and was funding a study, by
Aecom, on the feasibility of constructing the Derwent Valley Cycleway.
Belper West Bank. a section of the Derwent Valley Cycleway, had been
identified as a priority that could be delivered, by the trust.,

For The Heritage Way, a team of Rangers, under the lead of a Ranger Co-
ordinator, was established to regularly inspect the trail, identify maintenance
work and to undertake same if possible.
Paddle Trail (a representative from Paddle Peak, a separate charity, is a Board
Member) worked on various initiatives including a proposed "Joint Community
on the Riverf,, and a "Paddlers Code"
The Derwent Valley Trust Newsletter. the participation of the trust in of
relevant shows and the trust website were used to promote the trust
The Board of the trust had previously approved the conversion of the trust to a
Charltable Incorporated Organlsatlon (CIO). This aim was realised in January,
2023.
The Directors very much appreciate..
Support in kind by the county, local and parish councils.
The substantial contribution of Lubrizol to a range of initiatives
The on-going Services of David Hi8ley advisin8 on our business software.
The support of volunteers.
Flnancial summary I" April 2022- 31° March 2023
On I" April 2022 we had £6,720.79 credit
On 31" March 2023 we had £6,722.59 credit.
Over the period, the trust had income of £2,661.25
Income,.
£2,333.54: Derwent Valley Heritage Way guidebook sales
£254.21: Easyfundraising
£53.50 Donations
£20.00 Refund from Transition Belper
Over the period, the trust made payments of 2,659.45
Ex
enses:
£776.94 Printing

£618.00 Johnson Tidsall preparation of Report of the Trustees and Unaudited
Financial Statements12021-22)
£449.37 Butterworth Spengl
£390.00 IT services
£274.94 Derwent Valley Heritage Way guidebook P&P
£75.00 Unsold Derwent Valley Heritage Way guidebook refunds
£55.20 Meeting room bookings
£20.00 Transition Belper
All projects carried out by the Derwent Valley Trust enhance the Social Capital
value of the Derwent Valley and the wider community of Derbyshire. The
trustees continue to have due regard for their duty to comply with guidance of
the Charity Commission on public benefit in the exercise of their powers or
duties.
Signature
am
Ch
of Derwent Valley Trust CIO
Ilth September, 2024