IiEGISTERED COMPANY IYUMBER: 03839870 (England and Waleg) REGISTERED CHARITY NUMBER: IL182447 CHARITY COMMISSION REPORT O TRUSTEES AND NAUDrrED FIN L STATEMEN FTE YEAR EIYD ARCH 2024 OUSE & TRUST FI CRT Lirnited Flat 24 Wellingtonia Court Laine Close BngbtOD Fast Su55ex BNI 6TD
OUSE & ADIJR RIVEIiS TRUST cowrENTS OF THE FINANCIAL SIATEMENES FOR THE YEAR E]WED 31 MARCH 2024 Page Report of the Trustees I to 4 Independent ExamlDer's Report statement of Finanefial A¢tfvltle5 Balanco Sh•et Casb Flow Statement Notes to tbt Ca$h Flow Statement Notes to the FAnfintlal Stslementj 10 to 18
OUSE & ADIIR RIVERS TRusr REGISTERED NUMBER: 03839870 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are a150 dir¢ctOTS of the cknity for the purpose5 of the Companies Act 2006, pres¢nt their report with the financial staternents of the clwity tor the year ended 31 March 2024. The truStS hwe adopted the provisions of Accounting and Reporting by Charities: Ststement of Renm1eDded Practice applicable to clwities preparing their accounts in accordance wtth the Financial Rwrting Standard applicable in the UK and Rq)ublic of Ireland (FRS 102) (¢ffective l January 2019). OBJECTIVES AND AcrIvrriES Objectives and alms Objectives As set out in the MeJDorandum and Atricles of Awjcialion, rbe airn of the Trust is th¢ preservation and conservation, for the public benef)l of the Sussex Ouse alld Alkn Rivers and their tributaries. iD¢ludiDg the flo and tauDa of the rivers and suyroundyng areas. ID addilion, the Tnt work5 for advancement of the educaiioo of the publi¢ in these nrdtters. The Trust acbieves ils aitns throu the sourcin¥ of fjjnding from a variety of source$. Activltle5 Wbilst our local river4 and those across the county, continue to be under serious threat from a range of pressures, never has their bealih been mor¢ ID the public eye and it is tantastic to see, ond be able to support, coD]munity and individual actions makiDg 8 difference, it is, after all. tbe foundations on which OART has been built. We reain proud of our role in enhancing local rivers aDd wetlands and recoguize how these successes fjt into the wider rnovemenl of Rivers Trusts acTQSS rbe County aDd the langible benefits which are creating a thriving lega¢y for wildlife and people. Over the pasi 12-months we have seen the Trust grow to six members of staff with all ow project and management team beino full lime contracts. We retnain committed to bnY)wing the TnLst slowly and in a manner which provides long tenn securily for the positiODS wbich we offer. From & project perspective we are dciighfed with the conletion of the Cocksbut Restoration Project which bas realiglled 700m of 8 valuable cbalk streaa4 ¢reatin8 6ha of compl¢mentary wetland within the SSSI of Lewes Brook5. The site bas been opened to the public with a circular walk and it will be fanl&stit to see the new habitats dpvelop over the coming years. Alongside this the Adur Natural Flood Managernent project completed its third year of developjnent and at the end of this fmancial year w¢ reIved confinnation of a further 10-years of funding lo deliver the Action PIE which be¢n dcveloped. Also at a laD(Lw scale wc have be¢n heavily involved in ih¢ Adur River Recovery prgject, one of the original Defra Pilots for the new Landscape Recovery schernes. Our StOTitig the Stornl Anitiative. supkx)rted by twes District Council, has grown beyond schools and public buildiDgs into the heart of Communities. r¢ducing surface Nvater ruDoff and &ssociated flood risk whilst reduciDg pressure on the seiver network. We fully expect this proj¢Gt to expand beyond Lewes Distrlct with the lallnch of our Utbon Wetlond Network projoct Carly De ye. Funding from the Environment AgeDCy has enabled u5 to develop an ActlOD Plan for the restoration of th¢ Lewes WinlerbourDe, ond slart the Ouse Inv&8ive s¢1¢s project in par(DersP with a ran8¢ of organisalions and businesses. Developi our Programme of Citizen Srientt activities been a priority this year and having assessed our current activitie$ we have develop¢d a strategic pathway of trainiDg and a55¢ssm¢DI to enable our volunte¢Js to monitor strategi¢ points OD ihe Rivers. Unfortutmtety we bad to withdraw from our successfill Heritsge Lottery Fund project due to legal complexities over the land, this was a real blow to OART, losing a silFICant amount of our projected income for the year and forcing us to re-think how we operate withio a mixnre of large and mail projecls. Howev¢r. whilst this proj¢¢t is no longer continuing a number of key relationships were made in its developmeni and are sure lo lead to future OPPDrtiinities. OART contillues to bost th¢ Adur & Ouse Catchment Partnersbip and during this 6naD¢ial year ha be¢n ¢oordinating parlllers to develop a Clitnate Resilienrx Plan foT the habitats wtilLin the cai¢htneoi this is a big pie£¢ of WOTk wbicb we ¢xp¢ct to be fwshed during the oext fioancial year. The future looks brigbt for OART as we contillue to build our knowledge and resour¢es ID line with increasing filllding and partllership opportunities whilst remaining agile enougb to respond to new opwrtunities as the arise, Page I
OUSE & ADUR RIVERS TRUST GISTERED NUM BEIL. 03839SVO REPORT OF THE TRUSTEF FOR THE YEAR EM)£D 31 MARCH 24)24 ORIECTIVES AND AcriviriES PubRie benefrt The trustees that Ihey Ive referred to the guidance contained in the Charity Comn)ission's gene1 guidAnce on public benefit when reviewiog the charitys aims and objectives and in the p18nDing of ful activities. Financial p(ksilion The incomlng resources for the year ended 31 March 2024 were £277,196 (2023: £380.770). Resources exp¢md¢d w¢r¢ £260,554 (2023: £350,520) resuhiug in a net 5urylus of £16.642 (2023: £30250). Reserves polley The statem¢nt of Financial Actiyitses SI a net itjcrease ID lotal for the year ended 31 March 2024 of £16,642 (2023 . £30250). Unrestri¢ted reserves ro b& carried forward amount to £270.134. These weye beld foT th¢ pwyose of supportlng Ibe objectives of the Tnt. TakiDg account of anticipated incorning resources, the Tre¢S considrf the financial p)sition of the Society io be salisfaciory. Our policy is to hav¢ 6 months running costs. FUTURE PLANS As we look to the future we will be conlinuing to focus on acuons which build resilience to clim* change into our river $ystem$, thi$ will s¢e us continue WAth the Adur Adaptation Proje¢t whilst developing similar approaches on the River Ous¢ and River Uck. We will be expanding our work on chalk streams a¢Th tbe catcbment payiD&i attention not just to the well known Streams to the soutb of the National Park , wcb as the Lewes Winterbourne, Cocksbut and Fenin8 Rife but to those small aDd often ov¢rlooked ar to the north. We are CODUhitted to expandiDg our Citizen Scionce programme and fonDiDg a long-terni multi-paramet¢r monitoring approach across the catchment to include water quality, fish poplatIonS and inv&8ive non-nalive species. The health of our rivers is underpinned by water qualtty and we will colltillue to constructively engage with a wide range of stakeholders, including water companies 8nd those with private waste treattnent processes to deliver tangible improvements which seek to reduce the surface water and groundwater pressures OD the network. significant]y reduce the amount of pollution entering our rivers and drive forward ullderst4nding on emerging w)IluthDts of conLxn such as pharniaceul1lS and bravy methls. STRUcru GOVKRNANCE AND MANAGEMKNF Governlng document Ouse & Adur Rivers Trust was incorporth on l O Septctnlxr 1999 (registered ¢onwY Dutnber 03839870). It received charitable slYAtus on 16 September 2(M)O (registeted charity number 10%2447). Charlty coDslltulK•n The Charity is a Compgny Limited by Guarante¢ And is governed by its Memorandum and Articles of Association dat¢d 10 S¢ptemb¢r 1999 as updated 21 Jun¢ 20(K), 8 March 2011 and 13 ApTiI 2016. The COD]pany was originalty iocorporated &5 SX Conservation Society aDd Changed its nallle on 4 Q¢tob¢r 2011. Each Truslee bas guaranteed to subscril)¢ £10 itt the eveut of the Tnist bming insolvent. Page 2
OUSE & ADUR RIVERS TRUST REPORT OF THE TRUSTEES FOR THE YEAR EM)ED 31 LKARCH 2024 STIiUCTUR[ COVERNANCE AND hlANAGLMENr Recruitment and appDintm¢Dt of new tru5ttt& Trustees are members of OART Tecomtnefided by the Board of Tntss and ratified by amemknhip vote at the AGM. Success2 applicants are introduced to the polici&s of the Charity and PICeth]rffj the Tules and responsibiliti¢s of being a Trustee and guidance from the Cbarity Comnthion and Companies House. When preparing io re¢ruit new Trustee4 OART 11 seek to increase the diversty of its Trustee Board in order to incr¢as¢ accoumability and publi¢ nfid¢n¢¢ in &cordance with th¢ EquaJiTy A¢r 2010. The Trustees (Directors for CoMpa¢S Act purposes) are listed in tbis repoTL The subwiber5 lo the Memorandutn are the first Tne8$ of the Charity. The number of TTUSlees shall not be less than 3 bur sh8]I not be wbject to any maximunL REFERENCE AND ADMINISTRATIVE DETAI[ Regl$t¢red Company number 03839870 (England and Wales) Reglstered Charity ttumber 1082447 Regffi8tered office Tbe Old Saw Shed Greatha Lane Parham Pulborough West Susscx RH20 4RP TrustceJ R Akers DRBroM Dr J Ebdon P S Evalls Dr J E St.Pierr¢ S M TurJ)er R Yuill B E ClaTk (r¢si8Ded 10.124) Mrs R A Wallis (appointed 21.124) Compglly Sfcretsry R Akers TndependeTrt EiaffliDer Clllistopljer RoLxrt Tyler FCA DCbA FC FI CRT Limited FIAt 24 WelliDg1onla Court Laine Close Brighton East Sussex BNI 6TD Page 3
OUSE & ADUR IUVERS TRUST GISTERED NUMBEIL. (1&93%YO REPORT OF THE TRUSTELS FOR THE YEAR EIYDED 31 MARCH 2024 REI FERENCE AND ADMINISTRATIVE DETAll Bankers National Westini* Bank PLC l i High Street Lewes East Sussex BN7 2LH Barclays Bank PLC Th¢ Old Bank l Higb Street L¢wes BN7 2JP STATEMENf OF TRUSTEES, RESPONSIBILITIES The trustees (who ar¢ also the directors of Ouse & A(hr RiveTs Trnst for the purp)ses of ¢ompany law) are responsible for prepariDg the Report of the Tntstees and tbe flljancial sratenjents in accordance with applicabk law and United Kingdom A¢¢ouDting StsndaN]s (United Kingdom Generalty Accepted Accounting Practice). Cotnpany law requires the Iruslees to wepare firanci81 statements for each year wbÉch give a twe and fair view of the state of affaits of the charitable company and of the incoming resources and application of resources, including the illcoll and expenditure, of the ¢haritabEe company for that period. In prepariDg those financial slalements, tbe tru$te¢$ aT¢ r¢quir¢d to Select suitable accounting policies and then appty them con5iStenty. observ¢ the rneths aDd principles in the Charity SORP. make JudgennIS and estimates that are reasonable and PDJde prepare the fthanciat statements on the goin8 concern b&8is UDless it ts Inappropri ts) presutDe that tha charitable comp8ny will continue in busine&g. The trusttes arc r¢S)n$11 )le for keeptns proper xuJuntin8 reconjs which disclose with rnODable accuracy at any time the finAncial posttiOD of the charitsble Company and to ejble them to ¢Dsure that the fiDancial statements comply with the Companies Act 2(K16. They are also r¢spon5ible for safeguardins the &t5 of the charitsble company and hence for takkng reasonabl¢ steps for the prevention and delection of fraud and otlw iegUjarItie& .9.10£ Approvedby order of the board of trustees on.. ................. . and signed on its behalf by: Dr Ai SiTrie Page 4
INDEPEIWEiYf EXAIKtNER'S REPORT TO THE TRUSTEES OF OUSE & ADUR RIVEKS TRUST Independent exaMinS report to the trllstees of Ouse & Adur Rivers Trust Cthe CompaDy I report lo the clwityttustees on my examIOn of the accounts of the Conw8Dyfor the year en(kd 31 March 2024. Responsibihlies and basis of report As the charity's IrUS of th¢ Company (and also its directors for the poSe5 of LX)mpany law) you ar¢ responsible for the preparion of the accoutts in accordance with the requiremcDts of the Cojtipanies Art 2006 (kne 2006 Act). Having salisfied myse]f tbat the accounts of the Company are not requir to authted under Part 16 of the 2006 Act and are eligile for indeident exa[ni I report in respect of ty examinion of your chariws accounts as carried out under Section 145 of the Cbarities Act 201 l Ohe 2011 ACV). In CayIng out DJY ¢xaminaiion I hav¢ followed the Directions giv¢h by the Clty£0mmion under Section 145(5) (b) ofthe 2011 A¢L Independent examkne$ Statement Since your cbarity's wss In¢On exceeded £250,1KiO your examiner rn$t be a memb¢r of a listed body. T can confj that L am qualifi¢d to undertake th¢ examination because I am a member of1he IDSti of Chartered A¢Gountallts in England and Wal¢4 whicb is one of the listed bodies. T havo completsd my ¢xamiDatiOll. l ¢onfllm that no m8tteTS bave come to my attention in connection with the exaEniti0n giving me cause to believe: aCUnting records wer¢ not kept in Itsr of the Company as required by Section 386 of the 2006 Act; ar the accounts do not accord with those . or the accounts do not ¢omply with the aocounting requirements of Section 396 of the 2006 Act other thall ally requlrement that the a¢¢ounts give a ttwe and fair view whi¢h is not a matter considered as part of an independent exatnination. or the accounts have not been prepad in ac{dance with the methods and prAn¢iples of th¢ Statement of RecoDunended Practice for a¢counting atsd reporting by cbartti¢$ (applicable to charities prepariDg their accounts in 8ccordaDce with the FiDan¢iai Reportitig Standard applicable in the UK and Republic of Ireland (FRS 102)). I have cott¢erns and bave ¢ome across llo other matter5 in C4)mKclion with the examination to which attention 91Uld be drawn in this report in order Éo enabk a proper understAllding of the accowts to be reache Christopher Robert Tyler FCA DChA FCIE FI CRT Limit¢d Flat 24 W¢lliDgtonia Court Laine Clos¢ Brigbton East Su55ex BNI 6TD P5
OUSE & AT>IJR RtVKRS TRusr STATEMENT OF FINANJ CIAL AcrivrrIFS FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total nds Uttrestrictsd Restricted fund Notes INCOME AND ENDOWMETYfs FROM Donations and legaci¢s 235.525 235,525 251,877 Charktable 9JCtivities Preservalion and CO[0 39524 39,524 128,721 Other tsaditig athivities Investment income 12 947 1,200 947 172 Total 237,672 39,524 277,l96 380,770 EXPENDITifRE ON Charltable a¢tivltle8 Preservarion and CODservation Support costs 225,906 lJ20 33J28 259,234 1,320 349,422 1,098 Totsl 227226 33,328 260,554 350,520 NET INCOME Transfers betwttn funds 10,446 30,734 6,196 (30,734) 16,642 30,250 16 Net thovement lo tsnds 4J,180 (24538) 16,642 30,250 RECONCILIATION OF FUNDS Totat funds brought forward 228,954 39.055 268,009 237,759 TOTAL FUNDS CARRIED FORWARD 270,134 14.517 284,651 268,009 The notes forni part of these fJnan¢ial statements Page 6
OUSE & ADUR RIVERS TRIJST BALANCE SHEET 31 MARCH 2024 2024 2023 Tot81 flu8 fuDd Notes FL¥ED ASSETS Tangible ass¢ts 13 249 CURRENT ASSET Debtors Cash at bank l4 26,699 249,975 26.699 264,491 29,468 278,748 14.516 276.674 14,516 291.190 308,216 CREDITORS Amounts falling due witbin one year 15 (7,523) (7.523) (40,456) ET CURRENT ASSETS 269,151 14,516 283,667 267,760 TOTAL ASSETS LKSS CURRENT LABIT1Es 270,135 14,516 284,651 268,009 NET ASSETS 270,135 14,516 284.651 268,009 FUNDS Unrostricted Restri¢t¢d funds 16 270.135 14,516 228,954 39,055 TOTAL FIJNDS 284.651 268,009 The charitable company is ertitled to excmption from audit under Section 477 ofthe Companies Act 2006 for the ye end¢d 31 March 2024. The rnembers have required the company to obtain an audit of its financial stalements fot year endgd 31 March 2024 in accordance with Sectton 476 of the ComEMnies Act 21K)6. Th¢ tNstees acknowlge their respo8171111tieS for (a) ensuring that the charitsble ¢ompauy keeps accounting reco that comply with Serlions 386 8Dd 3B7 of the CoJDpani¢s Act 2006 and preparing financial strtements wbicb give a trne and fair view of the state of affairs of the charitable company as at tbe end of each fioancial Ye alld of its surplus or deficit for ¢h fiDan¢ial year in aOrdAnce with the requirem¢nts of SectioDS 394 attd 395 and otherwise CODiply with the requirements of the Companies A¢t 2006 relating to fMan¢1 swementy w far &8 8pplirAble to thè ¢bATitable company. Thes¢ fmancial stat¢meDls bave been prepared in ac¢ordance with th¢ provisions applicable to clwitable companies subJe¢t to the small Companies re8ime. The financial ststements were approved by the Bwd of Tntstees and authorised for issue oll .. and were signed on its behalf by: (b) . Tntee Th¢ notes forni part of these fmaD¢ial sL*em¢nts Page 7
OUSE & ADUR RIVERS TRUSf CASH FLOW sfATEMEiYr FOR THI YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatingactivities Cash generated from operati (13,995) 49,081 N¢t c&sh (qL8ed inyprovided ty op¢rdting activities (J3.995) 49.081 Cash Ilow$ from knvesting 9Ctlvllxes Purcha8¢ of tangIle fixed &%8ets Interest received (1209) 947 172 Net Gash (used inyprovided by iDvestin8 activities (262) 172 Cbange Ill eash 8Dd cash ¢qvlvalents In the reportlng period Cash and cash equfvalellts at the beglwilng of the rertIng period (14257) 49,253 278.748 229,495 CAsb find e2sb equlvsilents at the end of the reportAng period 264,491 278,748 Th¢ notrs fonn part of these financial sLqtements Page 8
OUSE & ADIIR RIVERS TRusr NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOBIE TO NET CASH FU>W FROM OPTING ACTIVITIES 2024 2023 Ne* ineome for the repJrtiDg perN)d (as per the Ststement of Thaneial Activities) Adjustments for: Depreciation charg Interesl e1ved D¢msel(iDcr¢as¢) in debtor5 16,642 30,250 474 {947) 2,769 (32,933) 123 (L72) (6,186) 25,066 Nel cash (used iByprovlded by opergtiO]LS (13,995) 49,081 ANALYSIS OF CHANGES IN NET FUNDS At 1.423 Cash flow At31.3.24 Net ea$h Cash at bank 278,748 (14257) 264,491 278,748 (14,257) 264,491 TotsA 278,748 (J4.257) 264,491 The notes fonn part of these finan¢ia] stat¢m Page 9
OUSE & ADURRIVERS TRUST NOTES TO THE FINANCIAL sfATEMKNTS FOR THE YEAR EI4DED 31 MAIiCH 2024 asis of preparing the financial slatemtnts The financial Statem of the clwilable compally, M6ich is a public benefft entity Under FRS102, have been prepared in accord with the Cbarities SORP (FRS102) 'A¢cDuDling aDd Rqxthg by Charities: Slatetnent of Recommended Practice applicable to clwities prq)aring their accounts with the Financial Reportillg Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 20I9)'. Financial Reporting Standard FRS102 The Fitwicial Reporting Standard applicable the UK and Republic of Ir¢18ndl and th¢ Companies Act 2006. Th¢ finaocial sw¢metyts have be¢n prepd und¢rth¢ historical cost collv¢ntion. The accouDts ar¢ in sterli wlLich is the firtIonal CWTency of the clwity. Monetary amounts in these financial statem¢nts are rounded to Ibe nearest £. The tru5tees/dir¢¢tffj consider that there are no material uncerthi]thes about the ¢ompanYs ability to continue as a going ¢onc¢rn. Income Grants Grat)ts aTe regnised on an accruals bags, accounted for in relalion to the period that they relate. grants have been received for ¢apitsl itetns the totsl W has been disclosed ID the SOFA and depreciation, in accordance with th¢ accounting policie4 has been charged against tbat in¢ome over the estimAted usefyl economic lif¢ of the asset. Where grants are received dUrg the year und¢r review but rekte to a later period the amount is deferred under Grants in Advance to the Balance SheeL Other Income All other incoming resources a in¢hMled in the statellnt of Finan¢i81 Activities wben the charity is l¢gally entitled to the income and the amount is defeTrd under Grnnts iti Advance in the Balan Sheet. Exp¢Ddilure All expendittire is a¢couDted for on an crUal3 b&sis (incjuding iThe¢overable VAT) and has been cl&g9ified undeT the relevant beadings. (l).Costs of generaling funds are those costs incurrcd in altracting A voluDtary incotne and fees. (2).chilab1Q expenditure comprises th(k4c costs inrwTed by Ihe clwity in the delivery of its activitie8 and services foi its beDeficiaries. It includ65 both costs that Can be ajlocated directly to such activitlC5 and those costs of an indirert nature Iiecessary to support thcllL (3).Support costs inelude those incurred in the govcrnan¢e of the thity and its &8sets and are primBrily &WJCiYAted with constitutional and statutory requirements. Tanglble fixed Hssets and depreciydtlon Tattgible fixed &8sets are stated at cost le&s aqyreciation. DeprlatIOn is provided in order to %lte off each asset ov¢r ils ¢stimated useful lif¢. Office ¢quipment.' 33 % on the reducing balanc Fi¢ld equipment and too18: 33Vo on the reduGing balance Assets ¢ostiD8 more than £l.000 are capitalised. Toxallon The cbarity is considered to pa&s sbe tests set out in Parah I S¢bedule 6 Finan¢¢ Act 2010 and tberefore it meets the definition of a charitsble company for UK corporafion tsx purpi)ses. Accordingly the cbarity is potentialty ex¢mpi frftym taxation in respect of income and gains received within categories ¢oYered by Chapter 3 Part I I Corporation T8x Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the ¢xtsnt that su¢b income or gains are applied ex¢lllsively to cb8ritable puryx)ses. Fund a¢eountfiDg UJ]restticted funds can be used ill a¢¢ordance with the chariiable obje¢tives at the dis¢retion of the . Page 10 continued...
OUSE & AD13RRIVERS TRUST NOTES TO THE FINANCIAL STATEhIEIYTS . continued FOR THE YEAR ENDED 31 MARCH 2D24 ACCOUNTINC POLICIES. conti•lled Fund aceouwtinE Restricted fndS can only for particular restricted purposes within the objects ofthe charity. Restrictions arise when specified by the donor or whets fimds are raised for particular Testricted punx)ses. Fwther explanati(m of th¢ Dature ¥nd putkX)se of each fund is inclTJded in the notss to tbe fillan¢ial stat¢m¢nts. Leased assets Rentsls paid under operatiDg le&8es are cbarged to incorne as incurre DONATJONS AND LEGACIES 2024 2023 Donalion$ and membership subscriptions Grants 7,449 228,076 10,797 241,080 235,525 251,877 Grants received, included in the above, are as follows: 2024 2023 Adur Distri¢É Council Arun and Rother Rivers Trust Brigkntots University Enwroment Agen Ernest Kleinwort Eton College Garfield Weston Foundation Knepp Wil]re Foundatiort tLwe5 District Council NatioDal Heritage- Lottery FuDd Rivers TnL8t South Downs National Park Stq)ben Martins Sussex University Welbeck Land Limitcd 24,900 2,304 1,500 51,500 5.552 80.979 6.000 5.702 50,000 13,727 46,850 6,266 50,000 93.729 3.680 10,000 3,000 3.097 4,370 228.076 241,080 Page 11 contitiued...
OUSE & ADIIR RIVERS TRusr NOTES TO THE FINANCIAL STATEMENTS . eontinue FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 1,21)0 202A 2023 172 ll¥COME FROM CHARABLE AcfIviTIES 2024 2023 Grant& 39,524 128,721 GyaDts received, included in the above, &8 follows: 2024 2023 Adur District Council Ellviroment Agency Nationaj Heritag¢- Lottery Fw Rivers Trust Sussex Wi]dlife Th Sustainablc Suss¢x Water Envirotnent Grant 14,850 Is,000 1 S,0(Kl 22,036 2,488 18,503 500 6,OOQ 73,868 39,524 128,721 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Costs (sec nole 7) Totals Preyervation and conservation Support costs 259234 259,234 1,320 1,320 259,234 1.320 260,554 Page 12 continued...
OUSE & ADiIR RIVERS TRiIST NOTES TO THE FINANCIAL STATEfvIENtS. &11nlled FOR THE YEAR EIYDED 31 MARCH 21)24 2024 2023 Staff costs Fieldwork Consultancy Other Adn)inistration DepT¢cialion 166,570 33,736 25,462 9,067 23,925 474 132.417 71.652 117,975 6,815 20,440 123 259,234 349,422 sItPPORT COSTS mateMent Support costs 1,320 Support costy inchKled in the above, are as follows: 2024 Support costs 2023 Total activiti¢s Ind¢pendeDt examinalion 1,320 1,098 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charginW(creditmg): 2024 2023 D¢pretiation- own¢d assets 474 123 io. TRUSTEES, REMUNERATION Alw BENEFITS There were no trastees, reniuneration or oth¢r benefits for th¢ Y end¢d 31 March 2024 nor for the yo&r ended 3 J March 2023. Tnle¢s, expenses As at 31 Mah 2(Y24 the following amounts w¢r¢ owed to1be dJ8rity by the trustees: STurner£lO. R Paget £10. Page 13 continuEd...
OUSE & ADIJRRIVERS TRusr NOTES TO THE FINANCIAL STATEMENTS . continueal FOR THE YEAR ENDED 31 MARCH 2024 11. STAFF cosrs Slaff Gosts durlng Ihe year were as follows: 2023 2023 Wages and salari Social security costs Pension costs 151,006 14,616 120,476 12,189 17 Aveyage numE¢r of employees Tbe ¢harity consid¢rs its key management personnel to be trustees who Teteived I1 remuneratlon. No employee received emohThents in excess of £60,0(KJ (2023: )ne). COMPARATAVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2023) Unrestricted Restricted 12. Total INCOME AND ENDOIWMENTS FROM Donations and legacies 249227 2,650 251,877 Chfirltabk artlvltieJ Preservation alld ¢onseNation 128,721 128,721 Investment iucome 172 172 Total 249.399 131371 380,770 EXPENDITURE ON Charltable aclivitles ' PTeservalion and conservation Supp)rt costs 244.361 1,098 105.061 349.422 1,098 Totsl 245,459 105,061 350,520 NET INCOME Tran$ferJ b¢tween funds 26,310 (19,590) 30,250 Nel movement in funds 23,530 6,720 30,250 RECONCILIATION OF FUNDS Total funds brougbt forward 205,424 32,335 237,759 TOTAL FUNDS CARRIED FORWARD 228,954 39,055 268,009 Page 14 Continued...
OUSE & ADIJR IUVERS TRUST NOTES TO THK FINAIYCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. Office and fEeld equipment cosr At l A7] 2023 Additions 23,680 1,209 At 31 MaY¢h 2024 24,889 DEPRECIATION Al l Aprij 2023 ChaYg¢ for year 23,431 474 At 31 Mar¢h 2024 23.905 IYET BOOK VALUE At 31 March 2024 984 Ai 31 Mah 2023 249 14. DEBTORS: AMOUNTS FALLING DUE WITlllN ONE YEAR 2024 2023 Trnde debtOTS Other debtors 26,679 20 29,448 20 26,699 29,468 15. CREDfTORS: AMOUNTS FALLTNG DUE WITHIN 01¥4E YEAR 2024 2023 Trade credilor3 Social security and other Éaxes 413 3,684 3.426 32,763 3,180 4.513 7.523 40,456 Page 15 continued..
OUSE & ADI]RRIVERS TRUST F40TES TO THE FINANCIAL sfATEM ENTS- contiDued FOR THE YEAR ENDED 31 MARCH 2024 16. Transfers between At 31.3.24 At 1.423 Unrestrittcd funds Gcn¢ral fiD)d 228,954 10.447 30.734 270.135 Restricl fvnds Adur & Ous¢ catchllrt P8rtoersbip (AOCP) Heriiag¢ Lottery Fund (HLF) Waler EDvirorneDt Grant (WEG) Adur CoDMnunity Weilands (Heritage Lottery Fund) (ACW(HLF)) 6,J91 4,609 (242) 11.968 (3,)49) (5,104) l3,055 I,461 242 28,497 (2,624) (25,873) 39,055 6,195 (30,734) 14,516 TOTAL FUNDS 268,009 16,642 284,651 Net movement in fimd& iti¢lud¢d in the above are as follows: Jncomitig Resource8 expended Movement in ftdS Unrestrlcted funds Geueral fund 237,672 (227,225) 10,447 Restrlcted Ibnds Adur & Ouse Catchmellt P&ti (A(P) Herltage Lottery FuDd (H[) Adur Conimunity Wetlands (Heritsge Lottery Fund) (ACW(HLF)) 17.488 (5.520) (3.149) 11,968 (3,149) 22.036 (24.660) (2,624) 39,524 (33,329) 6,195 TOTAL FUNDS 277.196 (260.554) 16,642 Page 16 continued..,
OUSII & ADilli RIVERS TRusr NOTES TO THE FINANCIAL SfATEMEYJ rs . tDntAnuuI FOR THE YEAR ENDED 31 KARCH 21124 16. Comp8rative5 for movemeRt in Cwids movement between funds At 31.3.23 At 1.422 Unreslricttd funds GeD¢ral futml 205,424 19,590 228,954 Restrlcted funds Adur & Ouse Cat¢bm¢nt Pattherthip (AOCP) Heritage Lottery Fd (HLF) Water Ellviroment Grant (WEG) Adw Con)munity Wetlands (Heritag¢ Lottery Fwid) (ACW(HLF)) 6346 25,452 537 3,424 (21 J77) 35,766 (3,579) 534 (36,545) 6.191 4,609 (242) 8,497 20,0(K) 28,497 32,335 26.310 (19,590) 39,055 TOTAL FUNDS 237,759 30,250 268,009 Comparative net movement in fimds, included in the above are &8 follow8: Incoming Resources Movement expended in fjJnd9 Unrestrieted thllds GcDeral fund 249,399 (245.459) 3,940 Restrlrted funds Adur & Ouse Catcbment Partnetsbip (AOCP) HeTttage tA)ttery Fund (HtF) Water EDviromeDt (Irant (WEG) Adur Community Wetlands (Herits8e Lottery Fund) (ACW(HLF)) 34,002 8.250 73,869 (30.578) (29,627) (38.103) 3,424 (21,377) 35,766 15250 (6,753) 8.497 131.371 {105.061) 26,310 TOTAL FUNDS 380,770 (350,520) 30,250 The ppOse of Ch restri¢t¢d fjjnding wa8.. l. Adur & Ouse Catcbment Partn¢rnhip (AOCP) . PArtner8bip consisting of NGOS, goverom¢nt agen¢ies, wat¢r cornpaDies and academic iostitulioDS to undertake activiti¢s and deliver small projects. 2. Heritsge Lottery Fund - Project specifically focusing on restoratAon of the Broadwater Brook. 3. Water Environment Gr (WEG) - Project fimding provided by Rural Payments AgeD¢y as part Df the EwoF¢an Funding for inroVing the water envirotYnenL This project is sp¢cifi¢ally focused on water equality and fish passage IMpve¢ts in the Arthn8ly to Slaugham And Shell Brook Catchments of the River Ouse. Page 17 continued..
OUSE & ADUR RIVERS IRUST IYOTKS TO THE FIryL ANCIAL STATEMENJS . eontiDued FOR THE YEAR ENDED 31 MARCH 2024 16. 4.Adur conty Wetlands (ACW (HLF)) . Developme ph&8e fimding from the Heritage ttery Fund to develop plans for a 70 acre wthd and climate b&sed community hub on the edge of Shoreham-by-sea. The grant is to develop the capital works and communty activihe& prior to a c.£2m dejivery phase application being submitted inNovembff 2024. 17. RELATED PARTY DTSCLOSURES NTD IDtern¢t Solutions Ltd Eyovided website rViCeS to the ¢hwity of £540 (2023 £540). Simon Tllrn is a di[Or ond shar¢hold¢r of NTD Internot Sojutions Lld and a trustee of the Ou5¢ & Adur RlveTS TrusL 18. STATUTORY iNFORiIIATION Ouse & Adur Rivers Tnt is & charitable cornpany, limited by giiayalltts, registered in England and Wales and has no share capital. No one member has ov¢rall control of the charity. ,Trt tbe event of the ¢ompaDy b¢in8 dissolved each mernber is IiAble up to a maximum of £10 towards th¢ cost of dissolution and liabilities in¢uffed by the conipany wbile h&sbe was a tnember. or within 12 month9 aftor he/sbe ¢eas¢s to be a member. The company's registe1 Dumber and registered office address caD be found in the Legal Administrativc InfornlioD section of th¢ accoullts. Page l8