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 $ouice of technical input for project development and delivery. Future Plans Continue to create a Co118borativp Monitoring Plan and simultaneously ￿vIeW the C8tchment Action Plan and prep8re an update version for publication, Deliver the first collaboration opportunity mapping workshop with the full partnership. Education The education activilies of "River in the Classroom. offer a wide range of activities for schools that ¢an be done individually or in combination. This is seen a5 a fundamental area of activity for the trust, particularty expanding our overage and the number of schools and pupils involved. Future Plans Continuation of the 8duc8tion progr8mme. with increased emphssis on securing longer tem7 Sustainability to ensure that the suocess8s delivered thus far can c¢)ntinue and be expanded. RIBBLE RIVERS TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Darwen en emenl and environmental riorilies DEEP The Trust, in partnership with the Environment Agency. undertook community engagement activities to develop priorities for river resloration in the Darwen catchment. The aim is lo create a Dafwen urban Tiver iestoralion project, whlch has been developed through direct Input of the community, leading to wider socio-economic benefits. Future Plans To continue to engage and collaborate with communities to develop projects, which can be grouped into a progr8mme of delivery to 8UPPOrt river restoration. Darwen Communlt Catchments RRT ha5 developed a prioritised evidenced based NFM catchment actlon plan. Using a range of widely available and bespoke GIS tools to identify both inte￿entIOn types and the locations they are needed, and most beneficial. This has focused on Darwen as currently there are no NFM measures in place, but an increased priority for NFM to benefit Da￿en, owing to lack of alternative 'traditional" measures, lo address future forec8$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 inte￿entionS across the Wo￿tOn 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 (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 o￿al 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-