Company Registratlon No. 03498691 (England and Wales)
Charlty Registration No.1070672
RIBBLE RIVERS TRUST LIMITED
(FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PM+M Solutlons for Buslness LLP
Chartered Accountsnts
New Century House
Greenbank Technology Park
Challeng8
Way
Blackburn
Lancashire
BB15QB

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J A Cowburn
J EAlcock
J F Bleasedale
D W Bradley
M J Ellacot
JPLord
C H Marchbank
J J B Rawkins
A T Rowntree
D J Wilmot
J L Yates
Secretary and treasurer
A T Rowntree
Key Management Por80nnel
J Spee8
CJagg
H Hamilton Thorpe
A Walmsley
K Oddie
E Brown
Chief Executive Officer
Head of Core Services
Head of People And Le8rning
Head of River Conservation
Head of Land Managernent
Strategic Evidence and GIS
Manager
Charlty number
1070672
Company number
03498691
Reglstered offlce
CIO Heidelberg Materials
Ribblesdale Work8
Clitheroe
Lancashire
BB7 4QF
Audltor
PM+M Solutlons for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB15QB
Bankers
Royal Bank of Scotland plc
Customer SeNi¢e Centre
Drummond House
1 Redheughs Avenue
Edinburgh
EH12 9JN

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
CONTENTS
Page
Trustees, report
Independent auditorfs report
12-15
Statement of financial actlvities
Balan¢9 sheet
17
siatement of cash flows
18
Notes to tha financial statements
19-30

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY 2024
The trustees present their annual report and financial statements for the year ended 31 January 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's governing document, the Companies Act 2006 and Accounting
and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" (effective 1 January 2019).
ObJectlve8 and actlvltle8
The aim of the Trust (set out in the Memorandum of Association of the Trust) is to secure the Conservation,
Protection, Rehabilitation and improvement of rlvers, streams, water courses, water impoundments, banksides, and
tributaries, catchment areas and estuaries in particular of the Rivers Ribble, Calder and Hodder for the benefit of the
public.
The Trust seeks to achieve this alm by uslng a holistic strategy that us&s the proc8ss, of "Identify - Improve
Sustain" to address all issues affecting the catchment. In achieving this strategy the Trust has set the following
objectives..
1. Undertake and support annual monitoring, investigation and research activities to identify and quantify
issues and impacts that affect the Ribble Catchment.
2. Collate evidence from objectlve 1 to prioritise and deliver an annual restoratlon and improvement
programme of activities across the catchment.
3. Vvherever possible to influen¢a and encourage partners delivering activities wilhin the catchment to
undertake actions in partnership to dellver improvements to the River Ribble and its tributaries.
4. To continuously engage and educate all communities, stakeholders and interest groups to address wlder
Issues and ensure improvements are maximisod and sustained.
Dellvery of Objectlvos:
In delivery of the objectives Ribble Rivers Trust employs a team of dedicated, experienced and highly qualified staff.
The skills and experience of the Trust reflect the holistic strategy, and the Trust is committed to continually
developing the employees through external and internal training, and providing opportunities to work on different
projects to provide broader involvement in th8 Trust's activities.
Volunteers:
The Trust relles upon the support of volunteers for a range of actlvities, including, tree planting, fenclng, rlver clean
ups, surveying and monitoring, education activities and administration and technical support (including website
maintenance, and design work). The volunteers represent a significant component of the activity of the Trust, the
value of the volunteer contribution ranges from £50 per day to £350 per day. During the year the Twst benefited
from 3,265 hours put in by over 400 volunteers with a value calculated at £39,185.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Public beneflt:
The outcomes of the Trust's strategy and activities are vital to the continued conseNation of the Ribble Catchment.
The Trust provid&s a range of benefits to the public, commonly referred to as "Ecosystem Services" these include
benefits such as the provision of high quality recreation areas and assets, reduction in flood risk, reductions in the
risk of droughts, Improvements to water quality (bringing benefit to biodiversity and bathing waters), and sustainable
food production. The methodology employed in delivery of the objectives is to work with the communities and
stakeholders who use and enjoy the catchment. This involves provision of opportunities to be directly involved, and
also for the Trust to provide information on its work to its partners, funders and the public through reports,
presentations, attendance at public events, newsletters, our website, and social media. Such partnership working
helps to ensure that the Trust is delivering its core objectives effectively in the public interest, but also ensures and
maximises wider direct and indirect socio-economic public benefits.
The Trustees confimi that they have referred to the guidance contalned in the Charity Commission's general
guidance on Public Benefit when reviewing the charity's aims and objectives and in planning its future activities,
which is an annual process.
Achlevements and perfomiance, Includlng Plans for Future Perlods
During the year to January 31 st 2024 the Trust's activity focused around..
Delivering the largest floodplain reconneclion project in the Ribble Catchment to date, bringing water
quality, habitat and natural flood risk management benefit.
Continuation of the works to reduce diffuse pollution from agriculture in priority areas through our previously
Natural England Facilitation Fund Farm Group in the Loud Catchment near Chipping, which has
commenced, dellv&ring a catchment scale project with United Utllities. Additionally working in partnership
with Yorkshire Dales Millennium Trust evolving the Farm Group in the Upper Ribble, the Ribbl8sdale Farm
Group, looking at Habitat creaiion and restoration 10 SUPPOrt reduced Diffuse Pollution and improved
Natural Flood Risk Management, through Deeper Connections.
Installation of leaky dams at a demonstrator site on the Rlver Sklrden and undertaking monitoring to show
its benefits.
Re-meandering of Ged beck, increasing the amount of and quality of river habitat.
Completion of the Deeper Connections project, improving the environment of the Long Preston Deeps
project area.
Continuation of the Catchment System Thinking Monitoring Cooperative (CaSTCo) project, seeking to
increase the use of citizen science to inform action and plans by a range of stakeholders through River
Blitz's resulting in action to improve rivers.
Working with the Turning Tides partnership and communities to deliver actlvSties that will support better
coast Bathing Waters.
Continuing the Lancashlre Woodland Connect campaign, that bullds on our rlparlan and catchment
woodland programme, seeking to deliver a decade of woodland creation. with 30 Hectares of woodland
scheduled for the winter 2023124.
Continuing the Darwen Evidence and Engagement Project, seeking to enable community input and action
to improve the River Da￿en.
Continuing the Damen and Trawden Natural Flood Risk Management projects.
Development and delivery of education activities across the catchment, including involving school children
in delivery of improvement works, and learning to fish.
Completion of the Opening Up the River Douglas (OUR Douglas) programme involving delivery of 8 fish
passage projects in the Douglas Catchment concluded with a weir removal in summer 2023, supported by
the Department for Levelling Up, Housing and Communities with support from Groundwork Cheshire,
Lancashire and Merseyside.
Ongoing monitoring of fish, invertebrates, and water chemistry and other species that indicate the health of
the Ribble Catchment.
Continuing our work to prioritise our activities, using spatial data and evidence through Geographical
Information Systems and models, sharing the results, and developing tools that are of national significan￿,
such as the Turning Tides decision making tool.
Submission of an application for designated Bathing Water status at Edisford Bridge to create a siatutory
driver for its protection and improvement for ongoing use by the public.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Rlbble Revlval
The Trust has developed a concept and a title of our planned and proposed projects and programmes over the
coming 5 years. This seeks to be simple and given the time frame an indication of the pace at which we wish to
work, this was decided to be "Ribble Revival" Each of our programmes and projects would sit under this banner,
within 4 work areas, and each project would be linked to one principle work area, but integrated within each. These
are..
Communlty Catchm8nts
Room for Rivers
Farmlng Communltles
Monltoring for Change
Exlstlng projects fall within these, but as new projects are developed and funding applied for and secured, they will
be specifically associated to communicate how our works link together to revive the Ribble. During 2023, we have
had some of our first successes which are set out below.
The Ribble Life "Catchment Based Approach. partnership (a Department for Environment Farming and Rural Affairs
instigated initiative) continued to meet throughout the year, a number of key focuses were identified, including the
creation of a Collaborative Monitoring Plan, to batter share, align and utilise all of the data, evidence 8nd informatlon
collected by partners. This would identify gaps in monitoring that needed to be filled, but mora inportantly provide
better basis for influencing strategies, plans and decision making. This process would directly support the revision
of the Rlbble Llfe Catchment Action Plan, which will identlfy key collaboratlons an opportunlties to work together to
Improve the catchment. This was complemented through a review of different data and evidence tools to ald In
prioritisation of works and works locations that were undertaken during the year,
The partnership has also provided, or acted as, a steering group for a number of RRT projects, and been a key
source of technical input for project development and delivery.
Futur8 Plans
Complete the Collaborative Monitoring P18ns and C8tchm8ntAction Plan r8view.
This project was finally completad in spring of 2023, wrth the last woodlands planted, and mini celebrations held wlth
partners and volunteers. This project has sparked a number of successful activiti&s and initiatives that have
continued post project completion, such as walking groups and community tree nurseries. This is a key indicator of
the success of the project.
Future Plans
Embed the lessons leamed from HEAL into futur8 projects, and seek to expand some of the activities MO￿ widely.
The education activities of "River in the Classroom. offer a wide range of activities for schools that can be done
individually or in combination. This is seen as a fundamental area of activity for the trust, particularly expanding our
coverage and the number of schools and pupils involved.
Future Plans
Continuation of the eduCat￿n programme, with increased emphasis on securing longer t8rm sust8inability to ensure
that the successes delivered thus far can continue and be expsnded.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
enen
em
d environm
riorities
DE
The Trust, in partnership with the Environment Agency, is undertaking community engagement activities to develop
priorities for river restoration in the Darwen catchment. The aim to create a Damen urban river restoration project,
that has been developed through direct input of the community, leading to wider socio economic benefits.
Future Plans
To Gontinue to engage and work with communities to develop projects, that can b8 gmuped into 8 programme 01
delivery to support river restoration.
rwen
atchm
nt
RRT has developed a prioritised evidenced based NFM catchment action plan. Using a range of widely avallable
and bespoke GIS tools to identify both intervention types and the locations they are needed, and most beneficial.
This has focused on Darwen as currently there are no NFM measures in place, but an increased priority for NFM to
benefit Darwen, owing to lack of alternative "traditional. measures, to address future forecasted increased likelihood
of flood events. The interventions focus on attenuating and slowing the flow in the headwaterslupper catchment to
reduce and slow the amount reaching the Urbanised centre of Darwen which is across the near entirety of
catchment's valley bottom.
They include., Woodland Management (Riparian, and Cross Slope), Run-off
Management specifically Headwater drainage management (vegetation management and grip and gully blocking),
River Management (leaky barriers) and Run-off Pathway management Iswales and ponds). This will be delivered in
o locations above the town and within 2km, Darwen Moor, and a public open space adjacent to Black&Yape
Playing Fields. Tha Trust also drew on input from the DEEP project, and is keen to establish a community group to
aid in monitoring and delivery of the works, and instigate a wider and longer term community led NFM programme,
The Trust submitted an application to the EA National Natural Flood Risk Management Programme which has been
successful and the project will now move into the first of I￿0 phases, to install monitorlng equipment and develop
full business case, and then the second phase, subject to a positive declsion on the full business case, delivery of
the works.
Future Plans
Install the monitoring equipment and submit a full business c8se for the EA National NFM Programme project to
secutB funding for delivery of works in 2025.
Previously we have delivered environmental and NFM work in and around Clitheroe. This has focused on land
management, with Peat Restoration and soil improvements delivered across the Mearley Brook catchment.
However, little work has been undertaken to slow the flow within river channels, and working with three land owners,
we have identified several locations where leaky barriers could be installed to slow the flow. Wth little traditional
flood defence planned within Clitheroe, and increasing axtreme events the importance of NFM has grown, and
working with Downham estate and Heidelberg Materials we have identified interventions that can be implemented.
The interventions proposed are., River and Flood Plain Management, specifically L8aky Barriers and floodplain
wetland restoration. The Trust is keen to establish a community group to aid in monitoring and delivery of the
works, and instigate a wider and longer term community led NFM programme. The Trust has secured funding
through the EA National NFM programme. The project has two phases, firstly to install monitoring equipment and
develop a full business case, and subject to a positive decision on the full business case delivery of the works.
Future Plans
Install the monitoring equipment and submit a full business case for the EA National NFM Pmgramme project to
secure funding for delivery of works in 2025.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
miln
Com
iffuse Water
riculture
DWPA
As one of the most significant issues affecting our rivers and streams DWPA is a primary focus for the Trust, we
continue to engage with famers and provide advice, guidance and support to adopt actions that will reduce DWPA,
whilst providing additional environmentsl benefits (including natural flood risk managment, but importantly will
support more sustainable farm businesses. This is delivered through our "Pinpoint" advisory fram8W￿k, which
identifies "opportunities. for famiers, and signposts to funding, support or guidance that will enCC￿raga uptake.
Complimented through establishing "Farm Groups" which bring together farmers from a specific area to provide
peer to peer knowledge sharing, group training and engagement, as well as, group support to identify opportunities
and take actions individually.
Over the last 12 months we have begun to focus on key priority locations, developing and initiating projects to
address DWPA.
Loud and Chipping Phosphate and Natural Flood Risk Management
Long Preston Floodplain Partnership (and Ribblesdale Farm Group)
Ribble and Douglas Farm Advice project
Better Rivers Better Northwest Farm Groups {Douglas, Hyndburn)
Future Plans
Continue to deliver t8rg8ted fami visits and interventions in priority Ioc8tions across the Ribble 8nd Douglas,
seeking to utilis6 8 range of funding sources to support int8Nentlons (such as countrysid8 SteW8rdshlp). Identify
further prionty Ioc8tions to establish fam7 groups and deliver advise, dTrwing on information from the Collaborative
Monltorlng P18ns and the C&STCo project.
hme
Instigated by the community, and supported and enabled by the Trust securing fundlng through the 84 National
NFM programme, our project will deliver Run-off Management, specifically Run-off pathway management, by
seeking to divert water, particularly Surfa￿ water from streams that flow out of Ribby Hall, and from drainage on
Brown's Lane into a new storage pond, designed to hold a minimum level of water for biodiversity berEfit, but with
capacity to store up to 5500m3 of storm water, which it will then release slowly. The project has two phases, firstly to
install monitoring equipment and develop a full business case, and subject to a positive decision on the full business
case delivery of the works.
It will work with existing ponds and water courses to produce a cluster of connected features providing NFM beneflt.
The project was developed through Ribble Life for Water { a Watar Environment Grant funded project), The project
will also improve water quality, whilst providing new habitat for priority species (eels).
FuturB Plans
Install the moniloring equipment 8nd submit a full business Case for the EA National NFM Progr8mme pmject to
secure funding for delivery of wort(s in 2025,
The Angling Passport Scheme continues to be a success with significant numbers of anglers utilising the Trust's
fishing, particularly at Mitton. Improvements to the access at Mitton have been completed, with futher
improvements being planned in 2024.
Futu￿ Plans
The Angling Passport Scheme will Gontinue to oper8te, and the Tnist will seek to expand 8nd increase the
availability of fishing within the catchment.
F Ide Waters Ou
door Learnin
Working with the Eamest Cook Trust, the Trust has a dedicated outdoor learning officer delivering education and
engagement activities with the public in the Fylde area, linking their actions and what they can do to water, and the
links between the freshwater environment and the estuarine and marine environment.
Future
Continue to deliver this pmgramme of activity, and link to other initl8tives being delivered in ¢h9 Fylde area, such as
Turning Tides and ourpmposed wort on Main Drain and Liggard Brook.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Trawden N
Flood R.
em
Continuation of previous work the Trust and EA have commenced creation of a Farm Group in the Trawden sub-
catchment and undertaking farm visits, to identify interventions to deliver NFM across the Trawden catchment.
Once opportunities are identified, and feasibility agreed, these will be costed including the paymerts to farmers to
aid in exploring ways to create 'investable" projects to draw in private sector funding.
Futur8 Plans
To complete farm visits and secure agreement to deliver 8 range of actions to improve Trawden Brook, and reduc8
flood risk to Trawden, develop and 'investment' plan to attract private funding to deliver the work, and to sha
learning fmm the pn)ject with othgr communities 8nd organisations.
erD
The OUR Douglas projects was completed in June of 2023, with Gathurst fish easement opened up, and monitoring
confirming it met the requirements for fish passage. Additionally a weir was removed in Tawd Valley Park, part of
the vision for the Park, this removal represented one of the fastest weir removals recorded in the UK, from first visit
to end of works. The complete removal ensures full passage for all species, and observations have shown a wider
diversity of species upstream of the weir as a result. This project was nicely celebrated with an ncredible mural
painted onto the bridge just downstream of the project site, containing pictures of all the key sp&cies.
Future Plans
Having now completed this project, the Twst will now review the Flsheries StTrtegy for the Douglas to identlfy futur8
opportunities.
Eco-regeneration Lancashire is an Environment Agency Natural Environment Investment Readiness Fund project,
It is seeking to explore governance models, specifically cooperatives, that will enable many of the barriers to
landscape, or catchment scale, restorationlimprovement through public and private funding. It aims to address the
issue of scale and rate of improvement by enabling aggregation of a large number of smaller projects at priority
locations across a catchment, which have quantified costs and benefits, and to subsequently create a business plan
that will attract "investment" in the projects, buyers and funders of the benefits and income for providers of projects.
The project concluded in December 2023, with an outline business plan costed and developed.
Future Plans
Seek funding and opportunities to gstablish and init18te cooperatives and private funding and finance to progress
the busingss plan and increase the scale of delivery.
er
ne
Working as a delivery partners to Yorkshire Dales Millennium Trust, the Trust completed the works and activities of
the Green Recovery Challenge Fund project "Deeper Connections" funded by the National Lottery Heritage Fund
and DEFRA. This project delivered creation and restoration of 10 hectares of habitat, focusing on wildlife corridors.
This included 16 separate schemes focused on riparian woodlands and hedgerows, wetlands and tributaries, and
provide natural flood management. It also connected 8,000 people to nature in the area, including urKIgr-
represented communities, through improved access and interpretation, volunteering and events.
Engaged over 28 farmers in the project, highlighting how sustainable agriculture can contribute to effective
environmental management.
Futu￿ Plans
To continue our WO￿ with the Long Preston Floodplsin Partnership.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
awd Valle
Working in collaboration with the Environment Agency and West Lancashire Borough Council, we have developed
designs and obtained all pemission for the construction of wetlands to separate surface water from sewers, which
will slow the flow and improve water quality in the River Douglas.
Future Plans
ConstruGtion of the w8tl8nds in spring 2024.
The Trust's 10 year campaign to establish 500 Ha of woodland across Lancashire, with partners dellverlng In the
areas outside of the Ribble Catchment, continue a pa￿. The campaign continued to see support from the
Environment Agency, the Woodland Trust, United Utilities and the Forestry Commisslon as well as other partners.
There is now a tMo year programme of woodland creation planned, which shows the growing momentum. The third
full planting season started in late November, later than desired owing to the warm autumn and early winter delaying
the supply of young trees, with 30 hectares planned for establishment by March 2024.
Future Plans
To continug th8 campaign and associated delivery of L8ncashire Wood18nd Connect, seeking to int8grate n8W
funding exp8Cted to be announced in 2024, and to secure long-t8m? funding commitments to aid in achi8V8ment ol
the campaign outcomes.
The EA approach RRT to work in partnership to further develop and deliver an outline NFM programme developed
by tha EA in response to flood risk requirements rasulting from the decommissioning of the Jack's Key reservolr.
NFM was seen as the only remaining option to reduce flood risk, as all other viabl8 tradltional defences had been
delivered. The project identified and modelled potential interventions showlng the range of benefits, and costed the
hypothetical interventions. The project is now moving into a delivery phase ton implement interventions identified In
the project plan to decrease flood risk and deliver wider environmental benefit.
Future Plans..
To utilis8 budget m8de 8V8i18ble by thg EA in conjunction with other funding SoU￿eS to deliver int8rv8ntions
identifi8d.
Inspired by the Jacks Key project, and the ongoing relationship with Blackburn with Darwen council developed over
a decade of activity across the Damen catchment, the Trust has worked on a feasibility study for the wider Darwen
catchment to model benefits and identify & agree interventions with a view to securing funding to instigated a large
catchment wide programme of NFM. The modelling completed has shown significant potential benefit from NFM
Interventions, the Trust has now moved to securing permissions for delivery ahead of seeking funding from the
Regional Flood and Coastal Committee for implementation.
Future Plans
Finalise the Feasibility Study with Blackbum with Da￿en Council, and th9n s8ek d81iv8ry funding.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
ecies Survival..
or Riv
A programme of 12 projects was developed and funding applied for from the National Lottery Heritage Fund and
DEFRA through the Species Survival Fund. The trust was informed of the application success in early January.
This 2 year project will deliver a range of interventions across the catchment designed to help a number of key
species, namely salmon, trout, eels, smelt and lamprey, but all of the other associated species, and beyond that will
benefit from the proposed works, which include delivery of habitat creation and restorationlenhancement works,
water quality improvement, and fish passage, resulting in of 7.63 ha of wetland and riparian habitat, and 37.71 km
watercourse habitat connected.
Th8 proj8Ct will also deliver significant community engagement, and offer opportunities for voluntsering in
conservation activities and monitoring.
Future Pl8ns
Compl&t8 the necessary activities to obtain pennission to start, and then initiate the programme.
This project is a national project, working across the water sector, seeking to mainstream Nature Based Solutions
INBSI. NBS have the potential to provide multiple socii>economic and environmental benefits by tackling flooding,
drought and water quality issues at landscape scale. The Trust have been delivering NBS under various guises for
over a decade. However, there are systemic barriers currently preventing wider adoption and the benefits of NBS
from being fully maximised, such as.. fragmentedlsiloed investment, lack of standardisation and regulatory
restrictions. This transformational programme of work brings together multi-sactorial expertise and leadership to
collaboratively create and test new solutions to remove these barriers through real life case studies and facilitate
and enable transition of NBS into business-as-usual to dellver greater value for customers, society, environment,
The Trust will contribute to this programme widely, but will also act as a convenor for all rivers trusts in the North
West, as well as to deliver a project whlch wlll demonstrate how we can malnstream NBS.
Futurg Plans
ContllPUg to contribute to the wider programme, and develop our demonstration project with input from EA, Rivers
Trust, United Utilities and other rivers tnists.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
rln
for Chan
aSTC
The Trust drew learnings from the previous years Riverblitz's (which aid in identifying ￿haV, and °where" problems
are, with a view to taking positive actions to improve the sub-catchment) and were a resounding success, pinpoint
locations for follow up work, but also engaging and enthusing communities (confirmed with results of evaluation
surveys issued to those present on the day). This approach is enabling rapid assessment of sul>catchments, and
multiple sub-catchments per year to generate a robust overall assessment of a much larger area.
Futur8 Plans
Dgliver l Riverblitz 8 month from Apnl to S&pt8mber In 2024, with an intention to continue thls In 2025 and beyond.
Demonstr8te to volunteers the Impact th8t the results have achleved, through sh8rfng follow up actlons deliveTrd.
Working with the Turning Tides partnership the Trust has commenced a project to develop a °decision making tool"
which brought togethar a range of data and evidence that allow collaborative decision making. Additionally we
secured some funding to support Citizen Science to monitor for faecal indicator organisms, and to undertake a
feasibility study on Liggard Brook.
Future Plans
To put the decision making tool Into use, and consid8r how it could be applied more widely. We 8&0 will s88k to
secuTr funding and wort with landowners to deliver improvements to LIgg8￿ Brook. and continue supporting
Citizen SGientists,
The Trust's dellvery of Its annual fisherles surveys contlnued wlth over 300 sltes surveyed across the catchment.
There was a "levelling. out of the results with some positives for Trout but overall similar results to the previous year,
In addition to electro fishing, a new strategy and programme of Invertebrate sampllng by the Trusts own In house
freshwater ecologist at "sentinel sites" continued to complement the electro fishing data, but also 8id in better
informing the use and approach of our citizen science.
Monitoring of specific projects was also conducted to assess the outputs, and given and indication of expected
outcomes. As well as ongoing monitoring of Otters, INNS, Bats and Habitat.
The data being collected continues to be used to generate evidence to gulde the Trust's work. Particularly
highlighting the locations for further investigation, interventions and the need for significantly more work to reverse
the downward trend. New ways to interpret and use our data were developed, allowing rapid identifi￿tIon of target
areas, and easier assessment of causes of poor results when combined with other data.
The Trust has also developed further projects and activities, and sought funding to enable delivery, these include a
programme on Invasive Non-Native Species, River Clean-ups, more Community Catchment initiatives to deliver
NFM, Works on Main Drain and Liggard Brook, and finally more river channel improvements across the catchment.
Flnanclal revlew
The financial statements show that for the year ended 31 January 2024 net incoming resources were £77,320.
There were net incoming resources on Unrestricted Funds of £49,754 and net incoming resources of £27,566 on
Restricted Funds. The balance of the unrestricted funds at 31 January 2024 was £478,741 and the b8lance of the
restricted funds at that date was £718,263.

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Roserves policy
It is the policy of the Truste6s to establish Unrestricted Funds of at least £500,000 In ordér to be in a posltlon to fLLnd
individual projects to this or a greater value, particulady bearlng in mind that much of the grant assistance
receivable is paid following either part or full completion of such projects. Reserves also provide a fund which is
available to deal with unforesèen events such as the need to reduce staff numbers if grant assistance should
reduce.
Invéstment pollcy
Th8 subsidlary company, Ribble Rivers Consultancy Llmited traded during thè year, providing consultsncy services.
A profit of £49.012 was gen8rated during the year.
Structure, governancg and management
The Trust is a company limited by guarantee and is a registered charity. It Is enrolled with Entrust, the regulator of
environmental bodies under the Landfill Tax regulations. It Is also a member of the Rivers Trust and the Angllng
Trust. The Trust operates under the name "Rlbble Rivers Trust"
Trustees are recruited by recommendatlon of existing Trustees and members. Induction and training is undertaken
by existing trustees and staff.
The Trustees meet formally on a quarterly basis and liaise constantly be￿een m&etings amongst thems81ves and
with the Trusl's stsff, particularly tho Chief Executlve Officer to whom day-lo-day management of the Trust Is
dèlegated.
Th8 Trustees revl8w th8 malor risks to whlch th8 Trust Is exposed. Rlsk Is assessed on an overall basis as well as
on a pralect-by-projecl basls. Th8 Trust rnaintains appropriat8 insurance cover includlng employ8r's liabllity, publlc
Ilabillty, professlonal Indemnity, and trustee Ilablllty. The Cost of the trust88 liabillty 5nsurance for the year was £821.
The trustees, who are also the directors for the purpose of company law, and who seNed during the year and up to
the date of signature of th8 financial statements were-
J A Cowburn
J E Alcock
J F Bleasedale
D W Bradley
M J Ellacot
JPLord
C H Marchbank
J J 8 Rawkins
A T Rowntr6e
D J Wilmot
J L Yates
Remuneratlon pollcy
The Remuneration Committee agrees the pay and remuneration of key management'p'ersonnel after considering
the remuneration paid for similar posts.
10

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Statement of trustees. responsibllitios
The trustees, who are also the directors of Ribble Rivers Trust Limited (Formerly Ribble Catchment Conservation
Trust Ltd) for the purpose of company law, arè rasponsible for preparing the Trustees, R8port and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for 8ach flnanclal year which glve a ttue and fair
vlew of the state of affairs of the Charity and of thè incomlng resources and applicalion of resources, Including the
income and expendlture, of the ¢haritabl8 company for that year.
In preparing these financial statements, the trustees are r8qulr8d to:
select 8Ultable accounting policies and then apply them conslstently;
observe the methods and principles in the Charlties SORP.,
mak8 judgements and estlmates that are reasonable and prudent,. and
pr&pare the financial statements on the going concem basis unless it is inapproprlate to presume that the Charity
wlll continue in operation.
The trustees are responsible for keeping ad8quat8 accountlng racords that disclose with reasonable accuracy at
any tlme the financial position of the Charity and enable them to ensure that th8 flnancial statements comply wlth
the Companies Act 2006. They are also responslbl8 for safeguarding the assets of the Charity and henc8 for taking
r8asonable steps for the prevention and detection of fraud and othér Irrégularities.
Audltor
In accordance with the ¢ompany's articles, a resolutlon proposlng that PM+M Solulions for Busin8ss LLP be
reappointed as audltor of the company will be pul al a General Meeting.
D18closure of Information to audltor
Each of the trustees has conflrmed that there is no infomatlon of which they are aware which Is relevant to the
audit, but of which thé audltor is unaware. They have further confimied that they havè taken appropriate steps to
identify such relevant Infomiatlon and to establish that the audltor is aware of such informallon.
rustees, report was approved by the Board of Trustées.
Cowburn Chairman
halrman
Date..
2. 2+
11

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE
CATCHMENT CONSERVATION TRUST LTD)
Oplnlon
We have audited the financial statements of Ribble Rivers Trust Limited (Forrnerly Ribbl& Catchment Conservation
Trust Ltd) (the 'Charity') for the year ended 31 January 2024 which comprise the statement offinancial activities, the
balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 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..
give a true and fair view of the state of the charitable company's affairs as at 31 January 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United ￿'ngdorn Generally Accepted Accounting practi￿.,
and
have been prepared in accordance with the requirements of the CompaniesAct 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the audit ol
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, Includlng the FRC'S Ethical
standard, and we have fulfilled our other ethlcal 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.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem 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 financial statements are authorised for issue.
Our responsibilities and the responsiblllties of the trustees wlth respect to going concern are descrlbed in the
relevant sections of this report.
other Informatlon
The other information comprises the information included in the annual report other than the financial ststements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the exter)t
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of the audit, or othemise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.
12-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE
CATCHMENT CONSERVATION TRUST LTD)
Opinions on other matters prescribed by the Companles Act 2006
In our oplnion, based on the work undertaken in the course of our audit..
the information given in the trustees, report for the financial year for which the financial statements ar6
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the
financial statements., and
the directors, report included within the trustees, report has been prepared in accordance with applicable legal
requirements,
Matters on whlch wo are requlred to report by exceptlon
In the light of the knowledge and understanding of the Charity and its envlronment oblained in the course of the
audit, we have not identified material misstatements in the directors, report included within the trustees, report.
We have nothing to report In respect of the following matters in relation to which the Companies Act 2008 requires
us to report to you if. in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not recelved all the information and explanations we require for our audit- or
the trustees were not entitled to prepare the financial statements in accordance with tha small companies
regime and take advantage of the small companies, exemptions in preparing the irustees, report and from the
requirement to prepare 8 Strateglc report.
Responslbllltles of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the
Charity for the purpose of company law, 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 trustees 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 trustees are responsible for assessing the Charity's ability to
continue as a going concern, disclosing, as applicablo, matters related to going concem and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to ￿ase
operations, or have no realistic alternative but to do so.
Audltor's r8sponslbllltles for the audlt of tho flnanclal 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 misslatement when it exists. Misstatements can arise from fraud or
error and are considered msterial 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.
Extent to whlch the audit was consldered capable of detectlng Irregularltles, Includlng fraud
Irregularities, including fraud, are instances of non-compliance wth laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design and perfomi audit procedures responsive to those risks, including obtaining audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
13-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE
CATCHMENT CONSERVATION TRUST LTD)
Identifylng and assessing potentlal risks related to Irregularltles
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, we have considered the following..
the nature of the industry and sector, control environment and business performance including the design
of the Charity's remuneration policies, key drivers for directors, remuneration, bonus levels and
performance targets.,
results of our enquirles of management about their own identification and assessment of the risks of
irregularities.
any matters we identlfied having obtalned and reviewed the Charity's documentatlon of thelr polici8s and
procedures relating to..
• identifying, evaluatlng and complying wlth laws and regulations and whether they were aware of
any instances of non-compliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud.,
the internal controls established to mitigate risks of fraud or non-compliance with laws and
r&gulations',
the matters discussed among the audit engagement team including significant component audit
teams and involving relevant specialists regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud,
As a result of these procedures, w8 considered the opportunities and incentives that may exist within the
organisation for fraud and identified the greatest potential for fraud in the following areas.. timing of recognition of
commercial income, posting of unusual journals and complex transactions., and manipulating the Charity's
performance profit measures and other key performance indicators to meet remuneration targets and externally
communicated targets. In common with all audits under ISAS (UK), we are also required to perform specific
procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on
provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included UK
Companies Act, Charities Act, employment law, health and safety regulations, pensions legislation and tax
legislation.
14-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE
CATCHMENT CONSERVATION TRUST LTD)
Audit response to rlsks Identlfled
Our procedures to respond to risks identified included the following..
reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial statements-
enquiring of management concerning actual and potential litigation and claims.
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud.,
reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC.,
and
In addressing the identified risks of fraud through management override of controls, testing the
appropriateness of joumal entries and other adjustments; assessing whether the judgements made in
making accounting estimates are indicative of a potential bias,. and evaluating the business r8tionale of any
significant transactions that are unusual or outside the normal course of business.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our audit
in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations
(irragularities) is from the events and transactions reflected in the financial statements, the less likely the inherently
limited procedures required by auditing standards would identify It. In addition, as wtth any audit, there remained
higher risk of non-detection of irragularities, as these may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal controls. We are not responsibl6 for preventlng non-compliance and
cannot be expected to detect non-compliance with all laws and regulatlon8.
A further description of our responsibilities is availabla on the Flnancial Reportlng Council's website at., httPS'.11
.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitalje company's
members those matters we are required to state to th&m in an auditor's report and for no other purpose. To the
Ilest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or forthe opinions we
have formed.
Jow • 6tsoloLSf LLP
Cerl Dlxon Bsc (Hons) FCA {Senlor Statutory Audltor)
for and on behalf of PM+M Solutlons for Buslness LLP
Chartered Accountants
Statutory Audltor
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB15QB
15-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
Unrestricted Rostricted
funds
funds
2024
2024
Total Unrestrlctod Restrlctsd
funds
funds
2023
2023
Total
2024
2023
Notss
As restated
Incom8 from:
Charitable activit18S
Inv8Stments
116,148 1,828,983 1,945,131
9,086
9,086
121,887 2,039,824 2,161,711
1.323
1,323
Total Incomè
125,234 1,828,983 1,954,217
123,210 2,039.824 2,163,034
Expèndlture on:
Charitable activities
75,480 1,801,417 1,876,897
73,042 2,164,298 2,237,34Q
Total axpenditure
75,480 1,801,417 1,876,897
73,042 2.164,298 2,237,340
Net Incomelloxpanditure)
49,754
27.566
77,320
50,168
1124,4741 (74,3061
Transf8rs be￿een
funds
{12,631}
12,631
Net movement In
funds
49,754
27,566
77,320
37,537
(111,8431 {74,306}
Reconciliatlon of funds:
Fund balances at 1 February
2023
428,987
690,697 1,119,684
391.450
802,540 1,193,990
Fund balances at 31 January
2024
478,741
718,263 1,197,004
428,987
690,697
1,119,684
The statement of financial activities includ&s all galns and losses recognised in th8 y8ar. All Income and 8xp8ndltur8
derive from continuing activities.
16-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
BALANCE SHEET
AS AT 31 JANUARY 2024
2024
2023
Notes
Fixed assets
Tangible asséts
Inv8Stm8nts
12
13
16,251
100
10,030
100
16,351
10,130
Currént asséts
Debtors
Cash at bank and in hand
14
469,973
764,477
677,961
510,891
1,234,450
1.188,852
Crodltors: amounts falllng due wlthln
one year
15
(53,297
(78,798)
Net current assets
1,181,153
1,110,054
Total as8ets108s current Ilabllltle8
1,197,504
1.120,184
Crodltors: amounts falllng due after
more than one year
16
{500)
1500)
Net assets
1,197,004
1,119,684
Net a38ets
1,197,004
1,119,684
The funds of the Charlty
Restrlcted Income funds
Unrestricted funds
18
19
718,263
478,741
690,697
428,987
1,197,004
1,119,684
Inancial statements were approved by the trustées on
Cowburn Chairman
Chairman
A T Rowntree '
Secretary and treasurer
Company registration number 03498691 (England and Walés)
17-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash generated fromllabsorbed by)
operations
23
261,699
(144,216)
Investlng actlvltles
Purchase of tangible fixed assets
Investment income received
(17,200)
9,087
(3,660)
1,323
Net cash used in Investlng actlvltles
18,113)
(2,337)
Nat cash used In flnanclng actlvltles
Nat Increaselldecrease) In cash and cash
equlvalents
253,686
<146,553)
Cash and cash equlvalents at beginning of year
510,891
657,444
Cash and ca8h equlvalants at end of year
764,477
510,891
18-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accountlng pollcles
Charity Informatlon
Ribble Rivers Trust Limited {Formerly Ribble Catchment Conservation Trust Ltd) is a private company limited
by guarantee incorporated in England and Wales. The registered office is CIO Heidelberg Materials,
Ribblesdale Works, Clitheroe, Lancashire, BB7 4QF.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the Charity's Igovarning documenti, the
Companies Act 2006, FRS 102 'Th8 Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities- Statement of
Recommended PractlC8 applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 20191. The
Charity is a Public Benefit Entity as defined by FRS 102.
The flnancial statements are prepared in sterling, which is the functional currency of the Charlty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting
policies adopted are set out below,
1.2 Golng concern
At the tlme of approving the financial statements, the trustees have a reasonable expe¢tatlon that the Charity
has adequate resources to continue In operational existence for the foreseeable future. Thus the trLBtees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income Is recognised when the Charlty is legally entltled to it after any performance condltlons have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised On￿ the Charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity- Shared costs which contribute to more than one activity .and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
19-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their rasldual values over their
useful lives on the following bases.,
Motor vehicles
25% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financlal activities.
1.7 Flxed asset Investment8
Fixed asset investments are initially measured at transaclion price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Cash and ca8h equlvalents
Cash and cash equivalents include cash In hand, deposits held at call wilh banks, other short-term liquid
investments with original maturities of three months or less, and bank ovordrafts, Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnan¢lal Instruments
The Charity has elecled to apply the provisions of Section 11 'Basic Financial Instrument8, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instrumgnts.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the
contractual provlsions of the instrument.
Financial assets and liabilities are offset, wlth the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intantion to settle on a net
basis or to realise the a88et and settle the liability simultaneously.
Basi¢ financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially rocognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
-20-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Accountlng pollcles
{Continu8d)
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
1.11 Retlrem8nt b8neflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltlcal accountlng estlmates and Judgements
In the application of the Charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or In the period of the ravision and futur& periods where the revision affects both current and future
periods.
Income from charltable actlvltles
Unrostrl¢tod Restrlcted
fund8
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Subscriptions and
donation8
Donations from subsidiary
company
Gift in kind - office
accommodation
Grants and contributions
receiveable
Angling passport tokens
51,671
28,276
79,948
59,626
29,416
89,042
40,633
40,633
38,178
38,178
20,000
20,000
20,000
20,000
1,800,708 1,800,708
3,844
2,010,408 2,010,408
4,083
3,844
4,083
116,148 1,828,983 1,945,131
121,887 2,039,824 2,161,711
Income from Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Bank interest
9,086
1,323
-21

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Expenditure on charitable actlvities
2024
2023
Dlrect C08ts
Staff costs
Depreciation and impairment
Gift in kind- office accommodation
Accountancy
Governance costs
Legal and professional fees
Training
Telephone, intemet and websile
Minor equipment
Insurance
Subscriptions
Office supplies
Bank charges
Advertising
Habitat improvement works
Newsletters
Motor and travel expenses
Other charltable expenditure
732,512
10,978
20,000
10,464
10,600
47,172
30.928
14.013
40,183
14,848
3,198
9,350
899
4,257
884,013
1,551
37,642
4,389
808,602
8,083
20,000
13,779
8,200
12,581
30,843
14,650
12,752
9,309
2,000
11,118
850
19,236
1,222,968
2,252
35,313
4,804
1.876,897
2,237,340
Analysls by fund
Unrestricted funds
Restricted funds
76,480
1,801.417
73,042
2,164,298
1,876.897
2,237,340
Support C09ts allocated to actlvltles
2024
2023
Governance costs
10,500
8,200
Analysed between:
Audit Fees
Accountancy
8,500
2,000
8,200
10.500
8,200
-22-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 JANUARY 2024
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl{crediting)'.
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed asset8
8,500
10,978
8,200
8,083
Trustee8
None of the trustees (or any persons connected with them) recelved any remuneration or benefits from the
Charity during th& year.
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Engaged in Projects
Administration
23
25
Total
24
26
Employment costs
2024
2023
Wages and salaries
Social security costs
other pension costs
614,880
62,546
55,087
691,516
64,883
52,203
732,S12
808,802
The number of employees whose annual remuneration was more than £60,000
is as follows:
2024
Number
2023
Number
£70,000 - £79,999
£80,000 - £89,999
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows:
2024
2023
Aggregate compensation
363,298
306,022
-23-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Employees
(Contlnued)
The key management personnel of the parent charity comprise the Chief Executive Officer, Head of Core
Services, H&ad of People and Learning, Strategic Evidence and GIS Manager, Head of Land Management
and Head of River Conservation.
10 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Restatement
The prlor year SOFA has been restated to transfer fee Income to expenditure. Thls is to make it comparable to
current year figures.
12 Tanglble flxed assets
Motor
vehlclos
Cost
At 1 February 2023
Addltlons
128,238
17,200
At 31 January 2024
145.436
Depreclatlon and Impalrment
At 1 February 2023
Depreciation charged in Ihe year
118.207
10.978
At 31 January 2024
129,185
Carrylng amount
At 31 January 2024
16,261
At 31 January 2023
10,030
13 Flxed asset Investments
Unlisted
investments
Cost or valuatlon
At 1 February 2023 & 31 January 2024
100
Carrylng amount
At 31 January 2024
100
At 31 January 2023
100
-24-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
14 Debtors
2024
2023
Amounts falllng due wlthln one year:
Amounts owed by subsidiary undertakings
other debtors
Prepayments and accrued income
101,680
364,453
3,840
69,054
604,764
4,143
469,973
677,961
15 Credltors: amounts falllng due wlthln one year
2024
2023
Trade creditors
Accruals and deferred income
42,661
10,746
64,695
14,103
53,297
78,798
16 Credltors: amounts falllng due after mora than one year
2024
2023
Other creditors
500
500
17 Retlrement beneflt schemes
2024
2023
Doflned contrlbutlon schamos
Charge to profit or loss In respect of defined contribution schemes
66,087
52,203
The Charity operates a defined contribution pension scheme for all qualifying employees. The 8ssets of the
scheme are held separately from those of the Charity in an independently administered fund.
-25-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At l February
2023
Incomlng
resources
Resources
expended
Transfers At 31 January
2024
National Lottery Heritage Fund
Environment Agency
United Utilitl8S
The Rivers Trust
Department for Levelling Up,
Housing and Communities
Pendle Hill Landscape
Partnership
Lancashire Woodland Connect
National Lottery Heritage Fund
(Green Recovery Challenge
Fund)
Yorkshire Dales Millenium Trusl
(Funded by National Lottery
Heritage Fund- Green
Recovery Challenge Fund)
The Woodland Trust
BAE
Others
76,463
120,824
189,121
29,172
(50,523)
(473,998)
(231,864)
(5,481)
26,930
29,606
461,282
23,691
382,779
504,025
69,739
190,510
(275,000)
(14,761)
{4,238)
42,461
1.674
(76)
(2,564)
43,677
1,292
43,299
359,763
(324,175)
78,887
134
24,692
9,324
89,716
28,260
245,532
(2,3241
119,146
(28,394)
(180,471)
89,763
(7,000)
7,000
(233,109)
117,247)
690,697
1,828,983
(1,801,417)
718,263
-26-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
18 Restrlcted funds
(Contlnued)
Prevlous year:
At 1 February
2022
Incomlng
resources
Resources
expended
Transfers At 31 January
2023
National Lottery Heritage Fund
EnvironmentAgency
United Utilities
The Rivers Trust
Department for Levelling Up,
Housing and Communities
Pendle Hill Landscape
Partnership
Lancashire Woodland Connect
National Lottery Heritage Fund
{Green R&covery Challenge
Fund)
Yorkshire Dales Millenium Trust
(Funded by National Lottery
Heritage Fund- Green
Recovery Challenge Fund)
The Woodland Trust
BAE
Others
168,967
12,305
111,641
31,729
30,903
706,416
254,753
2,312
(123,417)
(595,618)
(170,212)
(4,869)
76,453
120,824
189,121
29,172
(2,279)
(7,061 >
211,184
278,622
(426,737)
6,670
89,739
(1,556)
109,321
35,416
1,403
138,098)
168,263)
{4,238)
42,461
64,472
427,010
(448,183)
43,299
28,674
100,217
86,120
9,324
107,328
(128,757)
180,679)
134
24,692
9,324
89,716
19,251
65,803
(79,465>
(3,9501
802,640
2,039,824
(2,184,298)
12,631
890,697
Within our projects that are delivered through provision of restricted funding by exiemal Funders, we take a
holistic approach to addressing the issues, as such the description below focuses on the significant activities
delivered using the funds, however most funding will contribute to a range of activities.
Envlronment Agency- We receive support from both natlonal and local programmes. The local programmes
support delivery of fish and eel passage projects. woodland creation (through Tributrees), habitat
improvements and fann advice across the Catchment (Ribble and Douglas Farm Advice), natural flood risk
management projects (Trawden NFM) and engagement activities (Darwen Environment and Engagement
Project). Nationally there is support for hosting the Ribble Catchment Partnership - Ribble Life, and the
Natural Environment Investment Readiness Fund (NEIRFI project Eco-regen Lancashire, which explored
ways to increase private funding and investment in the restoration of the Ribble Catchment.
United Utilities - Delivering farm advice and improvements to farm infrastructure in the °Tidal Ribble. area of
the Catchment to the west of Preston and support to the Wyre Rivers Trust in the °Tidal Wyre. area.
Delivering farm advice and developing a capital works programme to improve water quality in the River Loud
Catchment, and Wayoh. As well as the "Catchment System Thinking" grant for "Valuing Ribble's Water
Woods" seeking to detemiine the economic value of woodland for water quality improvements, and
opportunities for green finance to support woodland creats'on. United Utilities have also provide funding
through the o￿at Innovation Funded projects Mainstreaming Nature Based Solutions. which seeks to
increase the use of nature based projects to address water sector issues. As well as the Catchment
Monitoring Cooperative seeking to increase Citizen Science to influence decision making.
-27-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
18 Restrlcted funds
(Continued)
The Rivers Trust - delivering habitat improvements through woodland creation to provide multiple ecosystem
seNices and benefits across the Ribble Catchment, and exploring Green Finance for woodland creation in the
'Trees for Waterf project, a juvenile salmon monitoring programme, and in collaboration with United Utilities
the better rivers better northwest programme of farm groups. We also received funding from the Rivers Trust
for a DEFRA"Test and Trial" which is a project seeking to obtain input from farmers into the development of
the new agri-environment schemes.
Department for Levelllng Up, Housing and Communities
Funding supported the "Opening Up the River
Douglas (OUR Douglas)" project involving 8 priority fish passage projects across the Douglas sub-catchment,
as well as funding from Groundwork Cheshire, Lancashire and Merseyside.
Lancashire Woodland Connect - a 10 year woodland creation campaign start&d in January 2020, which has
sought financial support from a range of organisations and the public. This includes support from Pendle.
Hyndburn, Rossendale, West Lancashire, Lancaster, and Ribble Valley councils. It also received funding from
a range of corporate donors and individuals.
National Lottery Heritage Fund Green Recovery Challenge Fund Supporting the "Health and Environmental
Action Lsncashire (HEAL)" project, which is delivering woodland, wetland, access, volunteering and education
activities across Lancashire. Th& Green Recovery Challenge Fund also includes funding from thg
Department for the Environment Farming and Rural Affairs (DEFRAI.
Yorkshlre Dales Mlllennium Trust - supporting fami cooperation through facilitation as well as woodland
creation and activities linked to the Facilitation Fund, Ribble5dale Farm Group.
Yorkshire Dales Millennium Trust Funded by National Lottery Heritage Fund supports the Deeper
Connection project which is the next evolution of the Ribble5dale Farm Group, supporting a range of habitat
creation and restoration projects across the Long Preston Deeps (and surrounding area). The Green
Recovery Challenge Fund also includes funding from the Department for the Environment Farming and Rural
Affairs (DEFRA).
The Woodland Trust - The Grow Back Greener funding, associated to the Northern Forest supporting
woodland creation across the catchment.
Others A r8ng8 of schools contributing to our education campalgn., Whalley Vtllage Hall donation for
woodland creation around Whalley., Skipton Properties a donation to woodland creation around Long Preston
Deeps,. Enforcement Undertakings for rivar restoration projects., Trees for Cities and Natural England for
activities with community groups.
19 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors 8S to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 February
2023
Incoming
resources
Resources
expended
Transfers At 31 January
2024
General funds
428,987
125,234
(75,480)
478,741
-28-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
19 Unrestricted funds
(Contlnued)
Prevlous year:
At 1 February
2022
Incomlng
resources
Resources
expended
Transfers At 31 January
2023
General funds
391,450
123,210
(73,042)
(12,631)
428,987
20 Analysls of net assets b•tween funds
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 January 2024:
Tangible assets
Investments
Debtors
Cash
Current Ilabillties
Long term liabilitles
12,905
100
172,605
304,377
(10,748)
(600)
3,346
16,261
100
469,973
764,477
163,297)
(500)
297,388
460,100
(42,651)
478,741
718,263
1,197,004
Unrestrlcted
funds
2023
Restrlcted
funds
2023
Total
2023
At 31 January 2023:
Tangible assets
Investments
Debtors
Cash
Current liabilities
Long term liabilities
3,343
100
74,983
364,410
(13,349)
(500)
6,687
10,030
100
677,959
510,893
(78,798)
(500)
602,976
146,483
(65,449)
428,987
690,697
1,119,684
21 Operating lease commitments
Lgssee
At the reporting end date the Charity had outstsnding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows:
2024
2023
Within on8 year
4,173
5,913
-29-

RIBBLE RIVERS TRUST LIMITED (FORMERLY RIBBLE CATCHMENT
CONSERVATION TRUST LTD)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
22 Related party transactions
During the year the following transactions took place between the Trust and Ribble Rivers Consultancy
Limited, a company registered in England an Wales which is a wholly owned subsidiary..
The Trust recharged costs of £72,95012023 - £29,530) to the subsidiary and the subsidiary company made
donation of £40,633 (2023 - £38,178) to the Trust.
At 31 January 2024 there was an amount of £101,680 {2023 - £69,054) included in debtors in respect of
Ribble Rivers Consultancy Limitad,
Durlng the year, unreslricted cash contributions recelved from Trustees and companles In which they have an
interest amounted to £8,141.
23 Cash generated from operations
2024
2023
Surplusl(deficit} for the year
77,320
74,306
Adjustments for..
Investment income recognised in statem8nt of financlal activities
Depreciation and Impalrment of tangible fixed assets
(9,086)
10,978
11,323)
8,083
Movements in working capital..
Decreasel(increa5e) in debtors
IDecrease}lincrease in creditors
207,988
(25,501)
182,729)
6,059
Cash generated fromllabsorbed by) operatlons
261,699
(144,216)
24 Analysls of changes In net funds
The Charity had no material debt during the year.