Company Registralion No. 03498691 (England and Wales) Charlty Reglstratlon No.1070672 RIBBLE RIVERS TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 PM+M Solutions for Buslness LLP Chartered Accountants New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire B815QB
RIBBLE RIVERS TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Presldent JPLord Trusteès JA Cowburn J E Alcock J F Bleasdale D W Bradley M J Ellacot C H Marchbank J J B Rawklns A T Rowntre8 J L Yates Secretary and trèasurer A T Rowntree Key Management Pèrsonnel J Spees C Jaggs H Hamllton Thorpe A Walmsley K Oddle E Brown Chlef Executive Officer Head of Core Services Head of People And Learning Head of River Conservation Head of Land Management Head of Data, Evidence and GIS Charlty numbor 1070672 Company number 03498691 Reglstered offlco CIO Hèidelberg Materials Ribblesdale Works Clitheroe Lancashire BB7 4QF Audltor PM+M Solutions for Business LLP New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB15QB Bankors Handelsbanken Greenbank Technology Park Challenge Way Blackbum Lancashire BB1 5QB
RIBBLE RIVERS TRUST LIMITED CONTENTS Page Trustees. report Independent audil0rf5 report Statement of financial activities 16 Balance sheet 17 Statement of cash flows 18 Notes to the financial statements 19-29
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 JANUARY 2025 The trustees present their annual report and financSal statements for the year ended 31 January 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the flnancial 5tatement5 and comply with the Charlty's governing document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo 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). Objectlves and actlvltle8 The aim of the Trust (set out in the Articles of Assoclation of the Trust) Is lo sècure the Conservation, Protection, Rehabilitation and improvement of rivers, streams, water courses, water impoundments, banksides, and IrSbutaries, catchment areas and estuaries in particular of the Rivers Ribble, Calder, Hodder, Darwen and Douglas for the benefit of the public. The Trust also seeks to advance the educallon of the publlc in th8s6 rivers and the na8d for conservatlon of them. The Trust seeks to achieve these aims by using a holistic strategy that uses the process. of 'ldentlfy - Improve Sustain" to address all issues affectlng Ihe catchment. In achieving this strategy the Trust has set the following objectives.. Undertake and support annual monltorlng, Investlgatlon and re8èar¢h adlvltles lo identify and quantify issues and impacts that affect the Ribble Catchment. 2. Collate evidence from objective 1 to prioritise and deliver an annual r8Storation and Improvement programme of activities acTOSS the catchment. 3. Wherever possible to influence and encourage partners deliverlng activities wlthin the catchment to undertake actions in partnership to deliver improvements to the River Ribble and Ils tributaries. 4. To conllnuously engage and educate all communitie5, Stakeholders and interest groups to address wider Issues and ensure improvements are maximised and sustained. Dellvory of ObJe¢tlve8: 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 refiect the hollstic strategy. and the Trust is committed to continually developing the employees through extern81 and internal training, and providing opportunities to work on different projects to provide broader involvement In the Trust's activities. Voluntsoys: The frust relies upon the support of volunteers lor a range of activities, including, tree planting, fencing, river clean ups, surveying and monitoring, educalion aclivities and administration and technical support (including website maintenance, and design workl. 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 Trust benefited from 3.666.5 hours put in by over 450 volunteers with a value calculated at £46,110. Publlc beneflt: The outcomes of the Trust's strategy and activities are vital to the continued Conservation of the Ribble Calchmenl. The Trust provides a range of benefits lo the public, commonly referred to as "Ecosystem Servlces. 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 waler 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 communilies and stakeholders who use and enjoy the catchment. This involves provision of opportunities lo be direclly involved, and also foT the Trust to provide information on its work to ils partners, funders and the public through reports, presentstions, 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.
RIBBLE RIVERS TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 The Trustees confirm that they have referred to the guidance contsined in the Charity Commission's general guidance on Public Benefit when reviewing the Charity's aims and objectives and in planning its future aGtivilies. which is an annual process. Achlevemenls and perfornian¢e, includlng Plans for Future Perlod8 During the year lo January 31 st, 2025, the Trust's activity focused around.. Continuing to deliver 8 Gatchment scale project in the Loud Catchment with Unlted Utilities lo redu¢e flood risk through Natural Flood Risk Management, and to reduce Phosphate sources from agriculture. Ongoing partnershlp work with Yorkshire Dales Millennium Trust developlng the Farm Group In the Uppèr Ribble the 'Ribblesdale Farm Group" looking al Habitat creation and restoration to support reduced Diffuse PollLttion and improved Natural Flood Risk Management. Delivery ofour Rlbble Revival.. Room for River programme 8UPPOrted by the Nallonal Lottery Heritage Fund and DEFRA'S Species Survival Fund. Including,. Fish Passage on Bezza Brook, a5 well as Wetland Creation nèar Holden, Long Preston and Hellifield, engagement and volunteering actlvities, monitoring of impact, and finalising details for delivery of remaining projects in 2025. The projects include de-culverting, re- meanderlng, fish passage, leaky dams, and more wetlands across the catchment. Continuation of the CalGhment System Thinking Monltoring Cooperatlve (CaSTCo) project, seeklng lo increase the use of citSzen science to inform action and plans by a range of stakeholders through River Blitz's resulting in action to improve rivers. Worklng with the TuTnlng rides partnership and communities lo develop and deliver activitles that will support belter coast Bathlng Waters. This has focused on opportunities In Main Draln, Liggard, Eaves and Savick Brook8. Dellvery of the Lancashire Woodland Connect campaign, which continues our riparian and catchment woodland programme, seeking to deliver a decade of woodland creation, with 63,000 Trees planted and creation of 45 hectares of woodland. Currently the campaign is working lo deliver 48 Hectares of woodland in the 25126 planting season. Taklng information, evidence and priorities from the Darwen Evidence and Engagement Project and developing this Into projects lor delivery. Commencement of three EA NFM Programme supported projects In Clltheroe, Darwen and Wrea Green. This focused on installing before monitoring and securin9 consents and permissions, as well as funding for delivery of interventions in 2025. Continuation of Trawden Natural Flood Risk Management projects, through the growing Farm Group, with support and funding from the EA. Ongoing activity within the Mainstreaming Nature Based Solutions piogramme, a national OFWAT Innovation fund supported project, led by United Utilities. This project seeks to identlfy and remove barriers that will enable natuie-based solution to become business as usual. Development and delivery of education activities across the catchment, Includlng involving school children in delivery of improvement works, and learning to fish. Ongoing moniloring of fish, invertebrates, and water chemistry and other species that indicate the health of the Ribble Catchment. Continuing our work lo prioritise our activities, using spatial data and evidence through Geographical Infoimalion Systems and models, sharing the results, and developing tools that are of national significance, such as the Turning Tides decision making tool. Collaboraling wilh partners to monitoring, investigate and deliver actions to improve the status of the Bathing Water at Edisford which was designated in 2024.
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Rlbble Revlval The Trust has continued to use "Rlbble Revival" as the umbrella descriptlon of our work campaigns. The campai9ns come together to enable the revival of the Ribble. Ea¢h project developed, secured, and delivered fall within one of these= Communlty Catchments Room for Rivers Fam)ing Communltles Monltorlng for Change Communl Catchments: Community Cathments as a campaign secured proJe¢t funding from United Ulilities in 2024, thal will see three years of delivery across the Rlbble Catchment, supporting development of 4 communlty catchment initiatives. It is intended that thls will see the establishment of 4 Community led Action Plans. This includes in Clitheroe, Darwen and Wrea Green aligned to the EA NFM Programme projects, but is also seeking to develop them in Trawden, Ribchester, Sabden. Billington and Waddington. In addition to this. funding was provided by United Utilities to dellver 48 River Clean ups, and 96 INNS control days over 3 years. Ribble Lif The Ribble Life °Catchm8nt Based Approach. partnershlp (a Department for Envlronment Farmin9 and Rural Affair5 instigated inilialivel continued to meet throughout the year, a number of key focuses were Identified. including the creation of a Collaborative Monitoring Plan. to better share, alSgn and utilise all of the data, evidence and Infonnalion collected by partners. This would identify gaps in monitoring that needed to addressed. bul more Importantly provide a better basis for Influencing strategies. plans and declslon making. This process would directly support the revision of the Ribble Life Catchment Action Plan, which will identify key collaborations an opportunity to work together to Improve the calchmenl. This wa$ complemented through a Teview of different data and evidence tools to aid In pTioritisation of works and works locations that was undertaken during the yèar. The partnershlp has also provided, or functioned a8, a 8teerlng group for a number of RRT projecls, and been a key $ouice of technical input for project development and delivery. Future Plans Continue to create a Co118borativp Monitoring Plan and simultaneously vIeW the C8tchment Action Plan and prep8re an update version for publication, Deliver the first collaboration opportunity mapping workshop with the full partnership. Education The education activilies of "River in the Classroom. offer a wide range of activities for schools that ¢an be done individually or in combination. This is seen a5 a fundamental area of activity for the trust, particularty expanding our overage and the number of schools and pupils involved. Future Plans Continuation of the 8duc8tion progr8mme. with increased emphssis on securing longer tem7 Sustainability to ensure that the suocess8s delivered thus far can c¢)ntinue and be expanded.
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Darwen en emenl and environmental riorilies DEEP The Trust, in partnership with the Environment Agency. undertook community engagement activities to develop priorities for river resloration in the Darwen catchment. The aim is lo create a Dafwen urban Tiver iestoralion project, whlch has been developed through direct Input of the community, leading to wider socio-economic benefits. Future Plans To continue to engage and collaborate with communities to develop projects, which can be grouped into a progr8mme of delivery to 8UPPOrt river restoration. Darwen Communlt Catchments RRT ha5 developed a prioritised evidenced based NFM catchment actlon plan. Using a range of widely available and bespoke GIS tools to identify both inteentIOn types and the locations they are needed, and most beneficial. This has focused on Darwen as currently there are no NFM measures in place, but an increased priority for NFM to benefit Daen, owing to lack of alternative 'traditional" measures, lo address future forec8$ted increased likelihood of flood events. The interventions focus on attenuating and slowing the flow in the headwaterslupper catchmenl to reduce and slow the amount reaching Ihe Urbanised centre of Darwen whlch 18 acros8 the near enllr8ly of catchment's valley bottom. They include Woodland Management (Riparian, and Cross Slope), Run-off Management specifically Headwater drainage managemènt (vegetation management and grlp and gully blocking). River Management (leaky barrlersl and Runaoff Pathway management {swales and ponds). This will be delivered in two locallons above the town and within 2km, Darwen Moor, and a public open space adjacent to Blacksnape Playing Fields. The Trust also drew on input from the DEEP project and is keen lo establlsh a community group to ald in monltoring and delivery of the works and instigate a wldèr and longer-term community led NFM programme. The Trust successfully installed all the required monitoring equipment and began galheiing pre-works data on the proposed interventions. Additionally il finali5ed the ¢Jelivery plan, inGludlng partnerships with Black wllh Darwen Council and Lancashlre Wildllfe Trust. Works are Set to commence in Summer 2025 Future Plans Delivery of the interyentions across the Danven cetchment in summer and winter 2025. Contlnue monitoring of the project and seek to establish a communiiy group to provido ongLwng monitoring support. mm ch Previously we have delivered environmental and NFM work In and 8round Clilheroe. This has focused on land management, with Peat Restoration end soil improvements delivered across the M6arley Brook calchmenl. However, little work has been undertaken to slow the flow within river channels, and working with three landowners, we have identified several locations where le8ky barriers could be installed to slow the flow. With little traditional flood defence planned within Clitheroe, and increasing extreme events the importance of NFM has grown, and working with Downham estate, a private landowner and tenant, and Heidelberg Materials we have identified interventions that can be Implemented. The interventions proposed are River and Flood Plain Management, specifically Leaky Barriers and lloodplain wetland restoration. The Trust is keen to establish a community group lo aid in monitoring and delivery of the works and instigate a wider and longer-lemi community led NFM programme. The Trusl successfully installed all the required monitoring equipment and began gathering pre-works data on the proposed Interventions. Delivery of intervenlions is set to commence in the Summer of 2025. Future Plans Delivery of thé inteentionS across the WotOn and Mearley Brook catchments in th& summer 2025. Continue monitoring of the pn)ject and seek to establish 8 community group to provide ongoing n70nitoring support.
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Wrea Green Communil Calchmen Instigated by the community, and supported and enabled by the Trust securing funding through the EA National NFM programme, our project will deliver Run-off Management. specifically Run-off pathway management. by seeking to divert water, particularly surface water from streams that flow out of Ribby Hall, and from drainage on Brown's Lane into 8 new storage pond, designed lo hold a minimum level ol water for biodiversity benefit, bul with capacity to store up to 5500m3 of slorm water, which it will then lease slowly. The Trust collaborated wrth the community. creating a working group, which supported in the successful installation the required monitoring equipment, and began gathering Pre-works data on the proposed interventions. Delivery of interventions is set to commence in the Summer of 2025. The interventions will work with exisling ponds and water courses to produce a cluster of connected features providing NFM benefit. The project was developed through Ribble LSfe for Watèr la Water Environment Grant funded project), The project will also improve water quality, whilst providing new habitat for priority species (eels). Future Plans Delivery of the interventions on Browns Lane and associated farm fields in the summer 2025. Continue monitoring of the project and seek to establish a community group to provide ongoing monitoring support. Pass ort Scheme The An91ing Passport Scheme continues to be a success with slgnificant numbers of anglers uslng the Trust's fishing, particularly at Milton. Improvements to th6 ac¢es$ at Mltton have been completed, with further improvements belng planned in 2025. Future Plans The Angling P8SSPOrt Schem8 will Continue to operate, and the Tnisf will seek to expand and incr88S8 the av8ilability of fishing within the catchment. F Ide Waters Outdoor Learnin Working with the Earnest Cook Tfust, the Trusl has a dedicated outdoor learnlng officer dellverlng education 8Dd engagement actlvilies with the publlc In the Fylde aTea, linking their actions and what they can do to water, and the links between the freshwater environment and the estuarlne and marine environment. Continue to d61iv6r this programme of activity and link to other initiatives being delivered in the Fylde area, such as Tuming Tides and ourproposed WO on Main Drain and knggard Brook. Farmln Communltleg: Dlffuse Water Pollution from A riculture DWPA As one of the most significant issues affecting our rivers and streams DWPA is a primary focus for the Trust, wè ontinue to engage with farmers and provide advice, guidance and support to adopt actions that will reduce DWPA, whilst providing additional environmental benefits (including natural flood risk management, but importantly will support more sustainable farm businesses. This is delivered through our °Pinpoinl' advisory framework, which identifies "opportunities" for larmers, and signposts to funding. support or guidance that will encourage uptake. Complimented through establishing "Farm Gioups,, which bring together farmers from a specific area to provide peer to peer knowledge sharing, group trainlng. and engagement, as well as group support to idenlify opportunities and take actions individually. Over the lasl 12 months we have begun lo 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 land Ribblesdale Farm Group) Ribble and Douglas Farm Advice project Better Rivers Better Northwest Farm Groups (Douglas. Hyndburn. and Blackburnl
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Future Plans Using priority locations identified with information and evidence from the Collaborative Monitoring Plans and the CaSTCo project deliver fann advice to specifio farms. Expand fann visits in East Lancashire and the Douglas, sepking to use a range of fvnding sources to support interventions (such as countryside Stewardship and the EnvironmentAgenoy). Trawden Natural Flood Risk Mana emen Continuation of previous work the Trusl 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 payments to farmers lo aid in exploring ways lo crealo 'lnve3tsble" projects to draw in private sector funding. Future Plans ro complete fann visits and sacure 8gr8emènt to d81iv8r a range of actions to improve Trawden Brook, and Trduce flood risk to Tr&wden, develop and "investment" plan to 8ttr8Ct Private funding to deliv8r the work, and to sh8r8 leaming fmm project with other communities and organisations. mf rRIv Room for Rivers as a campaign secure project funding from United Utililies in 2024, that will see three years of delivery acTQSS the Rlbble Catchment, supporting 2 de<ulverting projects, 4 wetland cre8tion projects 5 fish pa88age projects. In addition, funding was provided to support the Improvements at Bezza Brook as part of the SpeGie8 Survlv81 Fund projed, and to dellver Wetlands on Main Draln. The Trust completed a review of the fisheries strategy, identifying prlority locations for further fish passage works. The Trust has continued to seek funding from a range of sources to deliver fish passage projects within the River Douglas. Futuffj Plans Continue to seek funding for fish passage projects that will enable delivery of the Fisheries Strategy. Lon Preston Flood Plain Partnershi The Trust has idenlified and developed a number of potential projecls to continue the work of the Partnership, which would see more areas of Ihe Flood Plain reconnected, and Te-meandering of Long Preston Be¢k, where it 18 straightened and "peiched. above the flood plain. Future Plans To continue our wotk with the Long Preston Floodplain Partnership to Secu funding for delivery and develop now projects Tawd Valle Wetlands The wetland previously developed in 2023 were deliver in spring 2024. This involved close partnership working with the EA, Wesl Lancashire Borough Council, the Friends of Tawd Valley Park and the community. The wetland h8s developed into a wildlife haven, delivering biodiversity and water quality benefits, and such is the success wa5 the location of a visit from a DEFRA funding and policy team in 2024. One further wetland has been developed ready for delivery, and funding has been applied for. Future Plans secu funding and deliver the second wetland. Continue to monitor and report on the progress of the exish'ng wetland.
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Lancashire Woodland Connect The Trust's 10-year campaign to establish 500 Ha of woodland across Lancashire, with partners delivering in the areas outside of the Ribble Catchment, continue at pace. The campaign continued to see support from the Envifonment Agency, the Woodland Trust, United Utilities and the Forestry Commission as well as other partners. This has been supported by the establishment. and maturation of a Lancashire Woodland Partnership. The partnershlp was fvndamental in the creation of the woodland objectlves and priorities of the Lancashire Local Nature Strategy. During 2024125 the Trust was successful in a firsl-round application to the Forest for the Nation competition and was one of only 4 applicants invSted to the final submission phase. Unfortunately the Trust was unsuccessful. but dèveloped a suite of rel8tionships, tools and materials that will continue to provide benefit into the future. The fourth full planting season saw the Trust deliver 48 Hg¢tares of woodland in the 245 planting season. fhere is an ongoing two-year pr(ygr8mme of wood18nd creation planned, whioh shows the growing momentum. Future Plans To continue the campaign and assoGl8ted dolivery of Lancasljire Woodland Connect, continuing to develop and then deliver 49 Hectares of new woodland, containing 46,000 tr8es in the season 25126. Continue to WO with the Woodland Tmst and the Community Forèst Twsts to secure ongoing funding for woodland creation. ck's K NFM The EA approaGh RRT to work In partnership to further develop and deliver an outllne NFM programme developed by Ihe EA in response to flood rlsk requirements resulting from the decommissioning of the Jack'5 Key reservoir. NFM was seen as the only remaining option to reduce flood rlsk, as all other viable Iradllional defences had been delivered. The project identified and modelled potentlal InteNentions showing the range of benefits and costed the hypolhelic81 interventions. The project is now moving into a delivery phase ton implement interventions idenllfied in the projgct plen to d9creas8 flood risk and deliver wider environmental benefit. Futurg Plans To utilis& budget made available by thè EA in conjunction with other funding sources to deliver inteThentions identified. ackburn with DaTwen NFM Inspired by the Jacks Key project, and the ongoing relationship with Blackbum with Darwen council developed over a decade of activity across thè Darwen catchment, the Trust has continued work on a feasibility Study for the wider Darwen catchment lo model benefits and identify & agree interventions with a vlew to securing funding lo instigated a large catchment wide programme of NFM. The modelling completed has shown significant potential benefit from NFM interventions, the Trust has now moved lo securing permissions for delivery ahead of seeking funding from the Regional Flood and Coastal Committee for implementation. Future Plans Finalise the Feasibility study with 8lackbum with D8rwen Council and then seek delivery funding. ecies Survival.. Room for River A programme of 12 projects was developed and funding secured from the National Lottery Herltage Fund and DEFRA through the Species Sutvival Fund. The first year of this 2-year project saw delivery of fish passage improvements on Bezza Brook, Vvetland Created at Jarnie's Farm near Hellifleld, as well as at Lon9 Preston and Holden. A range of volunteering and engagement activities ran alongside these activities. Before Works moniloring was completed for each of these sites, as well as the sltes lo be delivered in 2025. The projects in 2025 include 2 fish passage projects, a river re-rneander, 2 de-culverting projects. further wetland creation. and leaky dams at locations. There was significant work in 2024 to prepare the 2025 projects for delivery.
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 All of these projects seek to deliver a range of interventions across the catchment designed to help a number of key specie5, namely salmon, trout, eels, Smelt and lamprey, but all of the other assoGiated 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, r6sultlng in of 7.63 ha of wetland and riparian habilat, and 37.71 km watercourse habitat conneGted. The project will also continue to delSver slgnificanl community engagement and offer opportunitles for volunteering in conservation adivities and monitoring. Future Plans Completo delivery of the 12 projgcts and continue to monitor the impaGts. MaSnstreamin re Based Sol tions This project is a national project, working across the water sector, seeking to mainstream N8tUTe Based SolulSons INBS). NBS have the potential to provide multiple socio*conomic and environmental benefits by tackling floodlng. drought, and water quality issues at landscape scale. The Trust have been dellvering 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 rn8ximised. su¢h as.. fragmenledlslloed Investment. lack of stand8rdisation and regulatory restrictions. This transformational programme of work brings together multi-sectorial expertise and leadership lo collaboratively create and lest new solullon$ to Temove these barriers through real life case studies and facili18le and enable transition of NBS into business-as-usu81 to deliver greater value for customers, society, 8nvlronment. The Trust will contribute to this programme widely but will also act as a convenor for all river5 tTUSts in the Northwest, as well as to deliver a project which will demonstrate how we can mainstream NBS. Future Plans Develop t179 demonstrator or "test. pmject, whioh will draw on the wort(s of the wider pmgramme to address that bar178rs and see an increas8 in use 01 Natur8 Based Solutions. Monltorln The Trust continued to draw learnings from the previous year's River blitz's (which aid in identlfylng har, and 'where' problern5 are, with a view to taking positive actions to improve the sub-catchmenl) and were a resounding success, pinpoint locations for follow up work, bul also engaglng and enthusing communities (confirmed wlth results ol evaluation surveys issued to those present on the day)- Thi5 approach is enabling rapid assessmenl of sub- calchmenls, and multiple sub<atchments per year lo generate a robust overall assessment of a much larger area. From the River blitz's the Trust has been able lo produce a list of priority farms requiring support from the Trust's farm advisors. The Trust has also begun lo analyse and prepaie the data and evidence gathered to share wilh partners. to begin to influence the delivery of plans and $lrategies1such as the United Utilities Asset Management Plan 81. Futur& Plans Deliver 4 River blitz's a year from April to September in 2024, providing evidence to the Trusts wider delivery te8ms, and share with partners to influence their delivery. Continue to demonstrate to volunteers the impact that th8 results have achieved, through sharing follow up actions delivered. Seek funding to secure and wnbnue Citizen Science as 8 core element of the Trusts work. rnin Tid Working with the Turning Tides partnership the Trust has completed a projecl lo deliver a °decision making tool" which brought together a range of data and evidence that allow collaborative decision making. such as where to deliver positive interventions, and guide regulatory action. Unfortunately, the tool requires an upgrade due lo a change in how DEFRA share IheiT open-source data, which is intended lo be completed in 2025. A feasibility study on Liggard Brook was completed with a number of prospective projects identified for delivery. Funding is required and is being sought.
RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Future Plans To upgrade the decision-making tool into use and encourage wider use. We also will seek to seoure funding 8nd work with landowners to deliver improvements to Liggard Brook and continug supporting Citizen Scientists, The Trust's delivery of its annual fisheries surveys continued with over 300 sites surveyed across the catchment. There was a "levelling, out of the results with some positives for Trout but overall simllar results to the previolts year. In addition lo electro fishing, a new strategy and Programme of invertebrate sampling by the Trusts own in house freshwater ecologist at °senlinel sites" continued lo complement the electro fishing data but also aid in beller informing the use and approach of our cillzen science. Monitoring of specific projects was conducted to assess the outputs and glven an Indlcation of expected outcomes. As well as ongolng monltoTlng of Otters, INNS, Bat5 and Hablt8t. The data collected contlnues to generate evidence lo guide the Trust's Work. ParticulaTly highlightlng the locations for further Investigation, interventions, and the need for si9nificantty more work to reverse the downward trend. We ¢ontinued work lo develop new ways to use and interpret our data. SpecSficalty allowing rapid identification of target areas. and easier assessment of causes of poor results when comblned with other data. The Trust conducted a range of other smaller pmlects and activitles, In¢luding'. Yorkshire Ribble Rangers, establishing a community group to address, INNS and Iltter around Settle and Giggleswick. River Clean Ups across the Ribble Catchment INNS control and co-ordinating tralning and control by volunteers with the Ribble Flsheries Consultatlve Association and Angling Trust ongoing partnership work with Piimrose Community Nature Trust Preston Urban Tree Project Hyndburn Riverside Regeneration project- developing a vision of the rivers In the centre of Accringlon. Supporting the delivery of the Lancashire Local Nature Recovery Strategy Working with Natural England on Nature Activities in Voluntary Community Faith and Social Enterprises tu In 2025 the Trust will complete and publish a business plan for 2025- 2030, setting out plans for securing funds for ongoing delivery of our delivery activities, as well as plans to relocate our office premises, and develop a demonstration sile for integrated catchment management. We wlll also be seeking to develop our next suite of projects and programmes that will follow on from the Specles Survival Fund supported activities in Room for Rivers. And continue to increase our delivery of NFM in priority communlties and locations across the catchment. Flnanclal revlew The financial statements show that for the year ended 31 January 2025 net incoming resources were £1,485,435. There were net incoming fesources on Unreslricled Funds of £215,128 and net incoming resources of £1,270.307 on Restricted Funds. The balance of the unreslricted funds at 31 January 2025 was £693,869 and the balance of the restricted funds at that date was £1,988,570. Reserves pollcy It is the policy of the Trustees to establish Unrestricted Funds of a sufficient amount in order lo be in 8 Posltion lo fund various individual projects, particularly bearing in mind that rnuch of the grant assistance veceivable is paid following either part or full complelion of such projects. Reserves also provide a fund which is available to deal with unforeseen events such as the need to reduce slaff numbers if grant assistance should reduce or a need for a change of premises from which the Trust operates.
RIBBLE RIVERS TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Investment policy The subsidiary company, Rlbble Rivers Consultancy Limited traded during the year, providing consullancy services. A profit of £82.228 was generated during the year. Cash resources not immediately required are plad on deposit with the Trustee bankers. Structure, governance and management The Trust is a company limited by guarantee and is a reglstered charity. It is enrolled with Entrust, the regulator of environmental bodies under the Landfill Tax regulations. It is also a member of the Rlvers Trust and the Angling Trust. The Trusl operates under Ihe name "Ribble Rivers Trust" Trustees are recruited by recommendation of existing Trustees and members. Induction and tralning is undertaken by existlng trustees and staff. The Trustees meet formally on a quarterly basis and Ilaise constantly belween meètings amongst themsèlves and wilh the Trust's staff, particularly the Chief Executs've Officer to whom day-towday management of the Trust is delegated. The Tru8tees review the major rlsks to whlch the Trust Is exposed. Rlsk Is assessed on an overall basls 88 well 88 on a projecl-by-project basis. The Trust maintains appropriate insurance cover including employer's liability, publlc Ilability, professional indemnity, and trustee liabillty, The cost of the trustee Ilablllty Insurance for the year wa8 £862.55. The trustees, who are also the dlrectors for the purpose of company law, and who served durlng the year were.. J Acowburn (Chairman) J E Alcock J F Bleasdal8 D W Bradley M J Ellacot J P Lord (Resigned 16 Odober 2024) C H Maichbank J J B Rawkins A T Rowntree D J Wilmot (Resigned 20 August 2025) J L Yates Remuneratlon pollcy The Remuneralion Committee agrees the pay and remuneration of key management personnel after considering the remuneralion paid fof similar posts. Statement of tru8tees' responsibllitie8 The trustees, who are also the directors of Ribble Rivers Trust Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements In accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. 10
RIBBLE RIVERS TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Cornp8ny Law requlres Ihe trustees to prgpare financlal statements for each financial yèar whlch gfve a true and f8lr vEew of the 5tat8 of affairs of the Charity and of the incomlng rnsourc&$ and applltallon of re50urc88, Includlng th9 Incomg aNI expendftur&. of the charftabie company lor thai year. In prapatlng Ihese financial stoments. the tnthes are requlred lo.. - salect suitable accountlng polloies and Ihen app them con8istenUy,' - obsorve th8 methods and prtnclplas In tha Charftie$ SORP,- - md(eluthJ8ments and estlm8tè8 that arg Te8gonabl8 and prudent and - prepare U)a flnanuial 8t8tsments on tha ooing concm basis unles8 It18 inappropriate to pr8sum8 that th& Charfty 11 conlinua In operallon. Th8 Ite88 are respon81bla for ka6plng adequats accounllng re(x)lS Ihat dlsclo$o wtth reasonable a¢cur8cy at any lime Ihe financial posttion of the Charity and enable them lo ensure th81 th8 financial statements comply wfjth th6 Companles Act 2006. Thgy are also r8sponsible for sBleguardlng the 855ets of the Ch?rity and henc8 for taklng rea8on8bl8 Stops for Iho prBv8nllon and dotgction offrdud gnd other Irregulaillle8. Audllor In aecordance wlth tho company'¥ artldfrs, a resolL¢tlon PToposITrJ Wal PM+M Solu#ons for Busln938 LLP be reappointsd as audrior of the company w511 put 81 a Genoral Meeling. Dl¥closur• ol infomiatlon lo audltor Ea¢h of t tru61ees has conNmied that there Is no Infomatlon of which thgy are awaro whlch is relavant lo tho audli, but of whlch the audltor16 unaware. Thoy havé further confimed that they have t8kon 8pproprl8t0 $lep8 to such r8lavant Infomiauon and to 88tabll8h that th8 audltor18 aw8re ot such Infomialon. t8es' report W88 by the Board of Trust88$. J A CO)UM Chaimian 11
RIBBLE RIVERS TRUST LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED Oplnlon We have audited Ihe financial statements of Ribble Rlvers Trust Llmited (the 'Charlty') for the year ended 31 January 2025 which comprise the statement of financial actlvities, the balance sheet. the statement of cash flows and notes to the financial statements, including signific8nl accounting policies. The financial reporting framework that has been applied in their PTepaTation Is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicablg in the UK and R9public 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 2025 and of its incoming resources and applicatlon of resour¢8s, including Its income and expendlture, for the year then ended., have been properly prepared In accordance with Unit&d Kingdom Generally Accepted Accounting Practice,. and have been prepared In accordance with the requirements of the Companies Act 2006. Ba318 for oplnlon We conducted our audit in accordance with Intem8tional Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibllities under those standards aTe further described In the Auditorfs r6sponsibilities for th& audit of the financial statements section of our report. We are independent of the Chaiily in accordance wilh the ethical requirements that are relevant to our audit of the financial statements in the UK, inrluding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirementg. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for our opinion. Conclu8lon8 relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the golng concem basis of accountlng in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identlfied any material uncertainlies relating to events or conditions that, individually or collectively, may cast significant doubl on the Charlly's ability to continue as a going oncern for a period of at least twelve months from when the financial statements are authorised for issue. Our Tesponsibilities and the SpOnsIbl11t1e9 of the trustees wlth respect to golng concern are described in the relevant secllons of this report. Other Informatlon The olher information comprises the information induded in the annual report other than the financlal statemènts and our auditor's report thereon. The trustees are responsible for the other Snforrnation contained wilhin the annual report. Our opinion on the financial Statements does not cover the other information and, except to the extent othetwise 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 otherwise appears to be materially misstated. If we Identify such material inconsistencies or apparent material misstatements, we are required to deteimine 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 misstalement of this olher infonnation, we are required to Teport that fact. We have nothing to Teport In thls regard. Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audil.. the information given in the trustees, report foT the financial year for which the financial statements are prepared, which includes the directors, report Prepared for the purposes of company law, is consistent with the financial slalements., and the directors, report included wrthin the trustees, report has been prepared in accordance with applicable legal requirements. 12
RIBBLE RIVERS TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED Matters on which we are requlred to report by ex¢eptlon In the light of the knowledge and understanding of the Charity and its environfflent obtained in the course of the audit, we have not identified malerial misstatements in the direGtors' report included within the tTUStees' report. We have nothing to report in respect of the following matters in relallon to which the Companies Act 2006 requlres us to report to you if, in our opinion.. adequate acGounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us.. or the financlal statements are not in agreemenl with the accounting records end returns., OT certain disclosures of trustees, remuneration specified by law are not made., or we have not rèceived all the information and explanations we require for our audit., OT the trustees were not entitled to prepare the flnanclal statements in accordance with the small compani88 regime and take advantage of the small companies, exemptions in preparin9 the trustees, report and from the requirement to prepare a strategic report. Regpon¥lbllltle3 of trustee¥ As explained more fully in the statement of trustees, respon$ibllitle$, the tTUStees. who are also the directors of the Charity for the purpose ol company law. are responsible for the preparation of the financlal statements and for being satisfied that they give a true and fair view, and for such internal Control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material mlsstatement, whether due to fraud or error. In preparing the financial statements, the Iruslees are responsible for assessing the Charity's ability to continue as a going concern, di5Glosing, as appllcable, matters related to going concern and using the going concern basls of accounting unless the trustees either Intend to liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Audltorf8 re8ponslbllltle8 for the audlt of the flnanclal gtaternents Oui objectives are to obtain reasonable as$uran¢e about whether the financial statements as a whole are free from malerial misstatement, whelher due to fraud OT error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assur8nce but is not a guarantee that an audit Gonducted In accordance with ISAS (UK) will always delect 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 expècted lo influence the economic decisions of users taken on the basis of these financial statements. Extent to whlch the audll was consldered capable of detectlng IrregularllSes, Includlng fraud Irregularities, including fraud, are instances of non-compliance wlth laws and regulations. We deslgn procedures in line with our responsibilities, outlined above, to detect material misstatements in Tespecl of irregularities, including fraud, The extent lo which our procedures are capable of detecllng Srregularllles, including fraud, is detalled below. We identify and assess the risks of materlal misstatement of the financial statements, whether due to fraud or error. and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that Is sufficlent and appropriate to provlde a basis for our opinion. 13
RIBBLE RIVERS TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED Identlfylng and asse891ng potentlal rlsks related to Irregularltles In identifying and assessing risks of material misstatement ift respect of irregularilies, including fraud and non- compllance 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 enquiries of manag8menl about their own identification and assessment of the risks of irregulari1Ses'. any matters we identified having obtained and reviewed the Charity's documentation of their policies and procedures relating to.. identifying, ev8lualSng and complying with laws and regulations and whether they were awa of any instances of non-compllance., detecting and respondlng to the risks of fraud and whether they have knowlèdge of any actual, suspected or alleged fraud., the Internal controls establlshed to mitlgate rlsks of fraud or nonrycompliance with laws and regulations,. Ihe matters discussed among thé audll engagement team including significant component audrt teams and involving relevant specialists regarding how and where fraud might occur in the financial statements and any potential IndicaloTS of fraud. As a result of these pro¢8dure$, we cOnsided the opportunities and incenliveg th8t may exlst wllhln the organisalion for fraud and identified the greatest potentlal for fraud In the following areas: timing of recognition of commerclal Income, posting of unusual journals and complex Iransaclion8,' and manipulating thè Charity's performance profit measures and olhèf key pèrfomiance indi¢alor$ lo meel remuneration targets and externally communicated targets. In common with all audits under ISAS (UK), we are also requlred to perforrn specifi procedures to respond to the risk of management override. We also obtained an understandlng of th6 legal and regtslatory framewoTkB that the Charity operates In, locuslng on provisions of those laws and regulations that had a direct effect on the determination of malerial 8mounls and disclosures in the financlal 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 INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF RIBBLE RIVERS TRUST LIMITED Audit response to risks identified Our proc6dures to respond to risks identified included the following.. reviewing the financlal statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulatlons described as having a dlrect effe¢t on the financial statements; enquiring of management concerning actual and polenlial litigation and claims; performing analytical procedures lo identfy any unusual or unexpected relationships that may Indlcale risks of material misslatemenl due to fraud; readlng minutes of meetings of those charged with governance and reviewing correspondence with HMRC., and in addresslng the Identified risks of fraud through management override of controls, testing the appropriateness of journal entrie$ and other adjustments,. assessing whether the judgements made in making accounting eslimales are indicative of a potential bias,. and evaluatlng the business rationale of any significant transactlons that are unusual or outside the normal course of busines8. Owing to the inherent limitatlons of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements. even Ihough we have properly planned and performed our audit In accordance with auditing standards. For example, the further removed nonwcompliance with laws and regulations IITregularilies} is from the events and transactions reflected in the financlal statèments. the le$5 likely the inherently limited procedurès rèqulred by auditing standards would identify it. In addition, as with any audit, theie remained a higher rlsk of non-detection of Irregularitles, as thèse may Involv8 collusion, forgery. Intenllonal omlsslons, misrepTesentations, or the override of Internal controls. We are not responsible for preventing non<ompliance and cannot be expected to delect non-compliance with all laws and regulatlons. A further descriptlon of our responsibilitles Is avallable on the Flnanclal Reporting Council's website at.. https.'Il www.frc.org.ukJaudilorsresponsibililies. This description forms part of our auditor'8 report. Use of our report This report is made solely lo the ¢haritable 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 lo the charitable company's members those matters we are required lo slate 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 chaTlt8ble company and the charitable company's members as a body, for our audit work, for this report, or for the oplnlons we have formed. Cl5(*u35 UR Cerl Dlxon Bsc (Hon81 FCA Isenlor Statutory Audltor) For and on behalfof PM+M Solutions for Business LLP, StatutoryAudllor Chartered Accountants New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB15QB Dale.. 1611012025 15-
RIBBLE RIVERS TRUST LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 JANUARY 2025 Unrestrlcted Restrlcted funds lunds 2025 2025 Totsl Unrestrlctod Restrlcted lundg funds 2024 2024 Total 2025 2024 Note8 Income frorn: Charitable activities Investments 383,049 3,400,967 3,784,016 30,264 30.264 116,148 1,828.983 1.945,131 9,086 9,086 Totsl Income 413,313 3,400,967 3,814.280 125,234 1,828,983 1,954,217 Expondllure on: Charitable actlvities 198,185 2,130,660 2,328,845 75.480 1,801,417 1,876,897 Total expendlture 198,186 2,130,660 2,328,846 75,480 1,801,417 1,876,897 Not Income and movement In funds 215,128 1,270,307 1,485,436 49.754 27.566 77,320 Re¢onclllatlon of funds: Fund balanGes at 1 February 2024 478,741 718,263 1,197,004 428,987 690,697 1,119,684 Fund balanceg at 31 January 2025 693,869 1,988,570 2,682,439 478,741 718,283 1,197,004 The slatement of financi81 activllies includes all gains and losses recogni5ed in the year. All income and expendlture derive from continuing activitles. 16-
RIBBLE RIVERS TRUST LIMITED BALANCE SHEEr AS AT 31 JANUARY 2025 2025 2024 Nots8 Flxed assats Tanoibla assats Inv8StThnts 29,346 100 16.251 100 12 29,446 16.351 Current as••ts Debtors Cash at bank and In hand 13 903,473 1,917.065 469.973 764,477 2,820,538 1.234,450 Cr•dltor•: amounts falllng du• wlthln ono year 14 (167.245} (53.2971 N•t Gurr•nt a8•0ts 2,653,293 1.181,153 Total h88 current Ilablllll 2,682,n9 1,197,504 Cr6dltorn: amounts falllng du? after morè th•A ono 15 (300) (5001 Not assotg 2,682,439 1,197.004 Not as•el8 2,682,439 1.197.004 Th• fund8 of th• Charlty Restrlctsd Income fvnd8 Unr8Stslcted lund8 17 10 1,988.570 693,869 718,263 478.741 2,682,439 1,197,004 a Ilnancial slatomgnts wer8 approved ty tho truBt888 on ......................... J A CowLKwn Chalrman A T Rowntree 8o¢rotsry and tsga$uror Company regi¥tration number 03498691 (England arnl Wale5) 17-
RIBBLE RIVERS TRUST LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2025 2025 2024 Noto¥ Cash flows from operatSng actlvltle$ Cash generated from operations 23 1,143,058 261,699 Invèstlng actlvltles Purchase of tangible fixed assets Investment income recelv8d 120,734) 30.264 {17,2001 9.086 Net ¢ash generated fromllused In) Investlng a¢tlvltles 9,530 18.114) Net calh used In Iln•n¢lng a¢tlvltl•$ Net Increase In cash and cash equlvalent$ 1,152,588 253,585 Cash and cash equivalents at beginnlng of year 764,477 510,891 Cash and cash equlvalents at end of year 1,917,065 764,477 18
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Accountlng pollcles Charlty Infoimalion Ribble Rivers Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is CIO Heldelberg Materials, Ribblesdale Works, Clitheroe, Lancashire, BB7 4QF. 1.1 A¢countlng ¢onvenlion The finanGial stslements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable Sn the UK and Republic of Ireland" and the Charits'es SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities prèparlng their accounts in accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102)" Th8 Charfty Is a Public Benefit Entity as deflned by FRS 102. The flnanclal statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements 8Te rounded to the nearest £. The flnanclal Btatements have been prepared undèr the hlstorlcal cost convention.The principal aGwuntlng pollcles adopted are set out below. 1.2 Golng con¢ern At the Ilme of approving the financial statements, the trustees have a Teasonable expectation that the Charity ha5 adequate resources to continue in operational existence for the foreseeable future. Thus the Injslees Continue lo adopt the going concern basis of accounting in Pfeparing the financial statements. 1.3 Charltable fund8 Unrestricted funds are available lor use at the dlscr8tlon of th8 trustees In furth6ran¢e of thelr ¢harltabl8 objectives. Reslricled funds are subject to specific conditions by donor$ or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financial sl8témentS. 1.4 Income Income is recognised when the Charity is legally entitled to il after 8ny performance conditions have been met, the amounts can be measured reliably, and It is probable that income wlll be received. Cash donations are recognised on receipt. Other donations are recognlsed once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable In relalion to donalions received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expendlture Expendilure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it 15 probable that a transfer of economic benefits will be required in settlement, and the amount of the obligalion can be measured reliably. Expenditure is classified by activity- The costs of each activity are made up of the total of dlr6ct costs and shared costs, including support costs involved in undertaking each activity. Direct cosls attributable to a single artivity are allocated directly to that aclivlty. Shared costs which contTibule to more than one actlvity and support costs which are llot attributable to a single activity are apportioned between those activrties on a basis consistent with the use of resources. Central slaff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 19-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Ac¢ountlng pollcles (Contlnued) Depreciation is recognised so a5 to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Motor vehicles 250/¥ Stralght Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the Garrylng value of the asset, and Is r8cognised in the 8t8lement of financial activities. 1.7 Flxed asset Inveslmènts Fixed asset Investments are initially measured at transaction price excluding transactlon costs, and are subsequently measured at fair value at each reporting dale. Changes in fair value are re¢ogni$ed In net incomel(expenditure) lor the year. Transaclion costs are expensed as incurred. 1.8 Cash and ca8h equlvalfrnts Cash and cash equivalents Include cash In hand, deposit$ held at call wlth banks, other short-tenn Ilquid investments with original maturllies of three months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrowings in current Ilabilllles. 1.9 Flnanclal In8truments The Charity has elected to apply the provisions of Sectlon 11 'Basic Flnanclal Instruments, and Section 12 'Other Flnanclal Instruments Issues. of FRS 102 to all of Its financial instruments. Financlal instruments are recognised in the Charity's balan¢e sheet when the Charity becomes party lo the ontra¢lual provisions of the inslrumenl. Financial as8ets and liabilities are offset, wlth the net amounts presented in the flnanclal statements, when there is a legally enforceable right lo set off the recognised amounts and there Is an intentlon to settle on a net basis or to realise Ihe asset and settle the liability $lmultaneously. Baslc flnanclal assets Ba$iG financial assets, which include debtors and cash and bank balances, are initially measured at transaction price includlng transaction costs and are subsequently carrled at amortised cost using the effective interest method unless the afrangement constitutes a financing transaction, where the transadion Is measured at the present valu8 of the future receipts discounted at a market rate of interest. Financial assets lassified as receivable within one year are not amortised. Bas1¢ flnancial Ilabllltles Basic financial liabilitie5. including creditors and banklogns are inltially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debl 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 carrled at amortised cost. Using the effective interest rate method. Trade creditors are obligatlons lo pay for goods or services th81 have been acquired in the ordinary course of operations from supplieis. Amounts payable are classified as currenl liabilities if payment is due within one year or less. If not. they are presented a$ non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised Cost using the effective interest method. 1.10 Employee beneflls The cost of any unused holiday enlitlement is recognised in the period in which the employee's services are received. 20-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Accountlng poll¢le$ Icontlnued) 1.11 Retlroment beneflts 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 aocounting policies. the trustees are required to make judgements, eslimales and assumptions about the carrying amount of assets and liabilities Ihat arè not readily apparent from other sources. The eslimale5 and assocSated assumptions are based on historical experience and other facloTS that are considered to be relevant. Actual r8sults may differ from these estimates. The estirnates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimales are recognised In the penod in which the estimate is rev15ed where the revislon affeds only that period, or In the period of the revislon and future periods where the revislon affects both current and futUTe periods. Income from charllablo actlvltles Unrestrlctèd Restrlcted lund8 funds 2025 2025 Total Unrestrlcted Rostrfcted funds funds 2024 2024 Total 2025 2024 Subscrlptions and donations Donations from subsidiary compsny Glft in kind - office accommodation Grants and contributions re1veable Angling passport tokèns 53,919 24,323 78,242 51,871 28,275 79,948 82,228 82,228 40,633 40,633 20,000 20,000 20,000 20,000 223,144 3,376,644 3,599,788 3,758 3,758 1,800,708 1,800,708 3,844 3,844 383,049 3,400,967 3,784.016 116,148 1,828,983 1.945,131 Income from Investments Unrestrlcted Unrestrlcted fundg funds 2025 2024 Bank Interest 30,264 9.086 21
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Expenditure on ¢harltsble a¢tlvitles 2025 2024 DIMet costs Staff costs Depreciation and impairment Gift in kind - office accommodation Accountancy Governance costs Legal and professional fees Tralning Telephone, inlernet and website Mlnor equlpmenl Insurance Subscriptions Office supplies Bank charges Advertising Habitat improvement Works Nevletter9 Motor and travel expenses Other charitable expenditure 896,155 7,639 20,000 8,734 10,740 89,504 69,779 27,517 63,300 14,120 2,987 7,356 7,441 4,471 1,033,699 1,668 41,936 31,799 732.512 10,978 20,000 10,484 10,500 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 2,328,845 1,876,897 Analys1$ by fund Unrestricted fund8 Restricted funds 198,185 2,130,660 75,480 1,801,417 2,328,845 1,876,897 Support co$ts allocated to actlvllles 2025 2024 Govefflance ¢osts 10,740 10,500 Analysed between.. Audit Fees Accountancy 8,740 2,000 8.500 2,000 10,740 10,500 -22-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Net movement In funds 2026 2024 The net rnovement in funds is staled after charglngl(credillng)'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 8.740 7,639 8,500 10.978 Trustses None of the trustees lor any persons connected wlth them) received any remunerallon QT benefits from the Charity during the year. Employees The average monthly number of employees durlng Ihe year was.. 2025 Number 2024 Number Engaged In Projects AdmlnislTalion 24 23 Totsl 27 24 Employment ¢08ts 2025 2024 Wages and salaries Social security Gosls Other pension costs 747,274 81,122 67,759 614,880 82,545 55,087 896,1SS 732,512 The number ofemployees whose annual remuneration was more than £60,000 is as follows= 2025 Number 2024 Number £80,000 - £89,999 Remuneratlon ol key management personnel The remuneration of key management personnel was as follows.. 2025 2024 Aggregate compensation 376,383 363.298 23-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Employeeg Icontlnued) The key management personnel of the parent charity comprise the Chief Executive Officer, Head of Core Services, Head of People and Learning, Head of Data, Evidence and GIS, Head of Land Management and Head of River Conservation. 10 Taxation The charity is exempt from taxation on its activitles because all its income is applied for charitable purposes. 11 Tanglble flxed ag88ts otor v•hl¢lo¥ Cost At 1 February 2024 Additlon8 146,436 20,734 Al 31 January 2025 166,170 Depreclatlon and Impalnngnt At 1 February 2024 Depreciation charged in the year 129,185 7,639 At 31 January 2025 136,824 Carrylng amount Al 31 January 2025 29,346 At 31 January 2024 16,251 12 Flxed a380t Investments Unllsled Investments Cost or valuation Al 1 February 2024 & 31 January 2025 100 Carrylng amount At 31 January 2025 100 At 31 January 2024 100 -24-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 13 Debtors 2025 2024 Amounts falllng due vAthln one year". Amounts owed by subsidiary undertakings Other debtors Prepayments and accrued income 175,927 723,824 3,722 101,680 364,453 3,840 903,473 469,973 14 Credltors: amounts lalllng due wlthln one year 2025 2024 Trade creditors Accruals and deferred income 152,866 14,380 42,551 10,746 167.245 53,297 15 Credltors: amounts falllng due after more than one year 2025 2024 other creditors 300 500 16 Rèllrement benefit gcheme• 2025 2024 Deflned contrSbutlon 8cheme8 Charge to profrt OT loss in respect of defined contribution schemes 67,759 55,087 The Charity operales a deflned conlrlbulion pension scheme for all quallfying employees. The assets of the scheme are held separately from those of the Charity in an independenlly administered fund. -25-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 17 Re8trlcted funds The restricted funds of the charity comprise the unexpended balances of donatlons and grants held on trust subjecl to specrfic conditions by donors a5 to how they may be used. At 1 February 2024 Incomlng resour¢es Re8ource• expended Tran¥lers Al 31 January 2026 National Lottery Heritage Fund Environment Agency United Utilities The RiveT5 Trust Departmenl for Levelling Up, Housing and Communities Pendle Hill Landscape Partnershlp Lancashire Vvoodland Connect National Lottery Heritage Fund (Green Recovery Challenge Fund) The Woodland Tru81 Others 26,930 29,605 461,282 23,691 (10,135 (576,077) (661,481) (15,066) 15,795 175,771 1,343,032 8,625 721,243 1,543,231 (14,751) 18,740 13.989) 12,564) 43,677 277 1,955 12,287) 45,632 78,887 89,753 (17,2471 (25,703) (205,1911 1634,0181 53,184 144,262 204,656 259,700 855,821 718,263 3,400,967 {2,130,660) 1,988,670 PrèvSous year: At l February 2023 Incomlng resources Resources expended Transfers At 31 January 2024 National Lottery Herilage 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 Recovery Challenge Fund) Yorkshire Dales Millennium Trust (Funded by National Lottery Heritage Fund - Green Recovery Challenge Fund) The Woodland Trust BAE others 76.453 120,824 189.121 29,172 {50,523> (473,998) {231,864) 15,481) 25,930 29,605 461,282 23.691 382,779 504,025 69,739 190,510 (275,000) 114,751) <4,238) 42,481 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) 89.753 (7,000) 7,000 (233,109) 117,247) 690,697 1,828,983 {1,801,417) 718,263 26-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 17 Restrlctod funds Icontlnued) Withln our piojecls thal are delivered Ihrough provision of restricted funding by external Funders, we take a holistic approach to addressing the issues. as such the description below focuses on the significant activitles delivered using the funds, however most funding will contribute to a Tange of activities. Environffl8nt Agency - We rec8ive support from both national and local programmes. The local programmes support delivery of flsh and eel passage projects, woodland creation (through Tributree51. habilal improvements and farm advice across the catchment {Ribble and Douglas Farm Advice), natural flood risk manag8m8nt prolects (including from the National NFM Pfogramme, which is providing funds to three large scale projects) and engagement actlvilies (Ribble Evidence and Engagement. North West Bathlng Waters Project). Nationally there is support for hosting the Ribble Catchment Partnership - Ribble Life. United Utilities - Delivering farm advice and improvements lo farm infrastructure In the 'Tldal Ribble" area of the Catchment lo the west of Preston and support to the Wyre Rivers Tru8t in the "Tid81 Wre" area. Delivering farm advice and developing a capital work5 programme to lrnprove water quality in the River Loud Catchment, and Wayoh. As well as the 'Calchmenl System Thinking" grant for "Valuing Ribble's Water Woods. seeking lo determine the economic value of woodland for water quality improvements, and opportunllies for green finance to support woodland creation. United Utilities have also provide funding through the oal Innovation Funded projects Mainstreaming Natur8 Basèd Solutions. which seeks to Increase the use of nature based projects lo address waler sector issues. As well as the Catchment Monitoring Cooperative seeking to increase Citizen Science to influence decision making. Significant fundlng was also provided for 5 prolecls, helplng to boost biodiversity in the Ribble, specifically contributing towards habitat Improvement works such as wetland creation and fish passage, community engagement, litter picks and invaslve spe¢ies control. The Rivers Trust -a juvenile salmon monitoring programme, and In Collaboratlon wlth United Utilities the better rivers belter northwest programme of faTm groups. We also recelved funding from the Rlvers Trust for a DEFRA'Tesl and Trial. which Is a project seeking to obtain input from farmer5 into the development of the new agrl-environment schemes. Lancashlre Woodland Connect- 3 10 year woodland cfealion campaign started in January 2020, which has sought financial support from a range of organisations and the public. This includes support from Pendle, Hyndburn, R05sendale, West Lancashire, Lancaster. and Rlbble Valley councils. It also received funding from a range of corporate donors and individuals. Natlonal Lottery Heritage Fund l DEFRA Specie8 Survlval Fund - SupportSng woodland, wetland, fish passage, devculverting, in-channel habitat improvement, acGess. volunteering and engagement aGtivities across the catchment. A separate grant from the Lottery's Community Fund is centered on Ihe Dawen catrhment, aiming to improve water quality and habitat through incTea5ed comrnunity engagement and access to rivers. Yorkshire Dales Millennium Trust - supporting farm cooperation through facilitation as well as woodland creation and activltles linked to Ihe Facllitation Fund, Ribblesdale Farm Group, including GIS mapping work (Long Preston Data & Evidence) The Woodland TTUSt - The Grow Back Greener funding. associated to the Northern Forest supporting woodland creation across the catchment. Others A range of schools conlTibuting lo our education campaign,. Vvhalley Village Hall donation for woodland creation around Vvhalley,. Skiplon Properties a donation to woodland crealion around Long Preston Deeps,. Natural England for activities with community groups, local and county Gouncils, individual landowner5. the Forestry Commission. the Ernest Cook Trust for outdoor education, the Prospects Foundation, Nation81 Forest Company for project developrnent, and donations from corporate entities and crowdfunders reslricted to specific projects. -27-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 18 Unrestrlcted funds The unrestrided funds of the charlty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unreslricled funds by the trustees for specific Purposes. At 1 February 2024 Incornlng resource8 Rèsourc08 At 31 January expended 2025 G8neral funds 478,741 413,313 (198,185) 693,869 Prevlou8 year: At 1 February 2023 Incomlng resources Ro8ource* At 31 January expended 2024 General funds 428,987 125,234 (75,480) 478,741 19 Analys18 of not a880ts between funds Unre8lrfctgd lunds 2025 Restrlcted lunds 2025 Total 2025 At 31 January 2026: Tangible assets Investments Debtors Cash Current liabilities Long term liabilities 29,339 100 175,693 503.517 114,380) 1300) 29,346 100 903.473 1,917,065 1167,245) 1300) 727,880 1,413.548 (152,866) 693,869 1,988,570 2,882,439 Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 January 2024: Tangible assets Investments Debtors Cash Current liabilities Long tenn liabilities 12,905 100 172,605 304,377 (10.746) 1500) 3,346 16.251 100 469,973 764.477 153,297) (5001 297,368 460,100 (42,551) 478,741 718,263 1,197,004 -28-
RIBBLE RIVERS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 20 Operatlng lease commltments Lessee At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leasés, whlch fall due as follows.. 2025 2024 thln one year 3,082 4,173 21 Related party transactlons During the ye8T Ihe followlng transadions took place between the Tru81 and Rlbble Rivers Consultancy Limited, a company registered in England an Wales which 16 a wholty owned subsidiary.. The Trust recharged costs of £71,61312024 - £72,950) to the subsidiary and the subsidiary company made donation of £82,22812024 - £40.8331 to the Trust. At 31 January 2025 there was an amount of £175,927 (2024 £101.8801 Included In debtors in respect of Ribble Rlvers Consultancy Limited. During the year. unrestrlcted cash conlribullons received from Trustee8 and companles in whl¢h they have an interest amounted lo £5,867 {2024 - £8,141). 22 Analys18 of changes In net lund8 The Charity had no material debt during the year. 23 Cash generated from operatlons 2025 2024 Surplus for the year 1,485,435 77,320 Adjustments for: Investment Sncome recognlsed in statement of financlal aclivrties Depreciation and impairment of tangible fixed assets 130.264} 7,639 (9,086) 10,978 Movements In worklng capltal: Ilncrease)Idecrease in debtors InGreaselldecrease) in creditors (433,500) 113,748 207,988 (25,501) Cash generated from operatlon5 1,143,058 261,6g9 -29-