THAMES ESTUARY
PARTNERSHIP
THAMES ESTUARY PARTNERSHIP
(A company limited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 MARCH 2025
Charity No: 1083199
Company No: 03807387

THAMES EsfuARY PARTNERSHIP
FOR THE YEAR ENDING 31 MARCH 2025
CONTENTS
Pages
Legal and administrative information
Trustees, report
Independent examiner's report
Statement of financial activities
io
Balance sheet
11
Notes forming part of the financial statements
12-21

THAMES ESTUARY PARTNERSHIP
ANNUAL REPORT AND ACCOUNTS
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FOR THE YEAR ENDING 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDING 31 MARCH 2025
TRUSTEES AND DIREcfoRS
Roger de Freitas
Independent Chair
Jonathan Whitby
Independent Trustee
Angela Dees
IndependentTrustee
Chair, Director and Trustee
Director, Treasurer and Trustee
Director and Trustee
Company Number
3807387
Charity Number
1083199
Registered Office
Room 117, 26, Bedford Way
London WCIH OAP
Company Secretary
Amy Pryor
Independent Examiner
Richard Weaver FCA
Haysmac LLP
Chartered Accountants
10 Queen Street Place, London EC4R IAG
Bankers
Royal Bank of Scotland, Gravesend Branch, 30 King Street
Gravesend, Kent DA12 2XX
Solicitors
Thompsons, Congress House. Great Russell Street London,
WCIB 3LW

THAMES ESTUARY PARTNERSHIP
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ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2025
Introduction from the Chair, Roger de Freitas
I have great pleasure in introducing the Thames Estuary Partnership's ITEP'S) Annual Report 2025. Since joining
TEP in 2022 as a Trustee and being elected Chair in November 2024,1 have been very proud to be part of this
charity. TEP is a long standing 'honest brokerf organisation, trusted and respected for enabling collaboration
across sectors and communities, connecting ideas, people and organisations to co-develop solutions for a resilient,
Sustainable and prosperous Thames Estuary.
Before becoming a Board member, I have been an active part of TEP'S network and an avid supporter of their
work. I have actively helped connect other groups from across the world with the TEP team for knowledge
exchange and mutual benefit, learning from each other's approaches and disseminating reports and best practice
guidance produced here on the Thames. For example, the TEP-managed Estuary Edges guidance has been used in
The Philippines for over 13 years.
Since its establishment 25 years ago, TEP has been at the forefront of driving key partnerships and projects, a
'knowledge hub, for the Thames Estuary and connector to support collaboration. Climate change, environmental
degradation and a growing population are key challenges London, Essex and Kent faces and now more than ever
there is a strong need for building stronger cross-sector, cross-river partnerships to tackle these shared challenges
collaboratively. Many Thames Estuary and Thames tributary riverside communities are in danger of surface and
riverine flooding and Sit behind tidal flood defences that will require raising or nature-based solutions to be
resilient to Sea Level Rise over the coming decades. These communities are also amongst the most ethnically
diverse, economically deprived and underserved communities in the Southeast. They need improved access to
nature, together with skills and job opportunities designed to meet their unique needs, boost their socio-
economic resilience and maximise their health and wellbeing. TEP is building an Equality, Diversity, Inclusion and
Belonging Framework, with support from those with expertise and lived experience, and educational proErammes
to be delivered alongside our environmental efforts for a more holistic and inclusive approach.
Throughout 2024/25 we have continued to facilitate, lead and build upon several local and national collaborative
projects. Locally we have continued to focus on the key themes of environmental enhancement and data
visualisation through strategic land and seascape-scale mapping (Estuary Edges and the Roadmap to Climate
Resilience), supporting local sustainable routes to market for commercial fishers (Fish Local} and working in
partnership with NGOS tackling estuarine and coastal habitat restoration and water quality (Transforming the
Thames, Your Tidal Thames Catchment Partnership and the Thames Evolving Foreshore Project).
In July 2024, we successfully secured £1.72M to support the development of a new multi-sector strategic estuary-
wide collaboration, the Joint Thames Strategy IJTS). JTS aims to update and improve the three existing Thames
Strategies (supplementary planning guidance in the London Plan) and create two new ones where none exist to
cover the entirety of the Tidal Thames. Each strategy covers a characteristic stretch of the Thames Estuary, linking
boroughs across and along the river. These strategie5, agreed with local communities and between riverside and
coastal boroughs, provide a sub-regional context in which decisions relating to the plannin8 and management of
the river can be agreed.
Working in partnership with the Thames Landscape Strategy Weybridge to Kew, Thames Strategy Kew to Chelsea,
lead partner London Borough of Richmond upon Thames and the Environment Agency, this is an exciting
opportunity to address and embed nature and socio-economic needs alongside flood defence needs (TE2100
into
riverside planning processes and be adopted by each Borough's Local Plan, ensuring their delivery over the longer
term. Working collaboratively on strategies enable5 each area to build their individual policies while having the
support of the entire network for tackling shared challenges.
From July 2024, TEP and partners have established robust governance of this large-scale project including a project
board, finance sub-group and key Thames Stakeholders Steering Group to ensure regulatory and industry
priorities are aligned. TEP have recruited new team members to deliver the JTS and improve our organisational
structure. A TEP JTS project manager started in January 2025 and has carried out estuary-wide engagement with

THAMES ESTUARY PARTNERSHIP
ANNUAL REPORT AND ACCOUNTS
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FOR THE YEAR ENDING 31 MARCH 2025
London Borough Councils to record their needs and priorities, and to establish Thames Strategy Steering Groups in
two of the JTS areas. This includes Starting to co-design the community engagement plans to be rolled out in 2026.
These engagement plans will incorporate all voices from across the public, businesses, NGOS and communities and
help shape the future of their riverside locally and regionally.
Our Roadmap to Climate Resilience GIS platform was finalised at the end of March 2025 and will be demonstrated
to partners and communities ready for full public launch in 2026. This platform brings together socio-economic
and environmental publicly-available data into one, user friendly space for community and practitioner use and
evidence-led decision making. It includes guides on how to navigate and use the platform and interpret the data
objectively. We intend to utilize this in ourJTS and broader community engagement to improve our, and
partners,, social impact and find gaps in the knowledge and data needed for our collective future resilience.
Nationally, we have continued to drive forward the development of the UK Coastal Partnerships Network ICPNI to
support knowledge exchange between 55 Coastal, Estuary and Marine Partnerships {CEMP5} similar to TEP,
supporting local delivery of the Levelling Up and Regeneration Act 2023 and targets set out in the UK
Environmental Improvement Plan in coastal communities. TEP has led on multiple national level projects through
the CPN, including developing a new Learning and Development Programme for CEMP Officers and
estuarine/marine practitioners {Compass), supporting delivery of the Environment Agency's Restoring Meadows
Marsh and Reef (ReMeMaRel initiative (coastal and estuarine habitat restoration) and leading the development of
a new cross-sector National Framework for Championing Coastal Coordination (NFCC}. All national work inform5
and is reflected in our practice locally as the CEMP for the Thames Estuary. Through this work, we are also growing
our knowledge and expertise in the field of blue and green finance, natural capital and social impact, with the
ambition to test and trial investable business models that will support accelerated environmental enhancement
and improve the social impact of CEMPS. All of this work has been delivered in partnership with our stakeholders
and members at national, regional and local scales. The outputs have been disseminated across our
communication channels and are in the public realm for all to benefit from.
Moving forward we intend to support the establishment of the CPN as a Charitable Incorporated Organisation and
build on this work locally and regionally. We are in the process of revising our charitable objectives to reflect this
national collaboration and impact and public benefit of our work. Many of the projects summarised above (with
detail in the body of the report below) will continue to evolve and grow with support from our funders, partners
and communities.
Our core funders, key stakeholders and project partners, continue to show their belief in the value of TEP. l am
grateful to all of them for the support they have provided the charity. On behalf of the Trustees, I thank Heather,
Amy and the TEP team for all the hard work thi5 year and their continued leadership.
d this Annual Report for your approval.
Roger de Frei
as (Chair- Thames Estuary Partnership)
Date: 28 January 2026

THAMES ESTUARY PARTNERSHIP
ANNUAL REPORT AND ACCOUNTS
sr
FOR THE YEAR ENDING 31 MARCH 2025
The Trustees, who are also directors under company law, present their report and financial statements for the
year ending 31 March 2025.
The Trustees confirm that the financial statements comply with current statutory requirements, the
memorandum and articles of association and the Statement of Recommended Practice - Accounting and
Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102
(Second Edition, effective l January 2019).
srRUCTURE, GOVERNANCE AND IVIANAGEMENr
Constltutlon
The Charity was set up by a Memorandum of Association. Thames Estuary Partnership Ltd (referred to as
th
'YEP") is a Company Limited by Guarantee and was registered on 9 July 1999. The Company Number is
3807387.
It is governed by Memorandum and Articles of Association and became a registered charity, called Thames
Estuary Partnership, on 6 November 2000. The charity registration number is 1083199.
Method of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elerted or co-opted underthe
terms of the Memorandum and Articles of Association.
Objectives and activities
The partnership was established to conserve, protect and maintain the coastal, environmental and natural
heritage of the Thames for the public benefit. It covers the tidal Thames from Chelsea to Shoeburyness in
Essex and the Isle of Grain in Kent dealing with education, dredging, research, recreation, archaeology and
fisheries, river transport, riverside development and others.
In line with TEP objectives, the activities we have undertaken to achieve our purpose are detailed below.
Public benefit
The Trustees are aware of the public benefit guidance and have taken it into account when making decisions to
which the guidance is relevant.
The main activities undertaken to further the charity's purposes for the public benefit include the walks and
talks, conferences and facilitated Action Groups TEP hosts to improve the sustainable management of the
Thames and as beneficiaries of projects developed, managed and delivered both solely by TEP and in
partnership with other organisations. All of TEP'S approaches, methods and knowledge are made publicly
available via our website and the Roadmap for Climate Resilience which brings together socioeconomic and
environmental publicly available data into one, user friendly space for community and practitioner use and
evidence led decision making. More details of these are given below.
We believe in open access to data and information and wherever possible we make this happen. We ensure all our
resources, events and project outputs {where appropriatel are available and accessible to the public and ensure
the details and opportunity to attend our events are spread throughout our network, our supporters, networks
and across our media channels.
Events and Conferences
Our events and conferences are open to members and non-members alike. This year we hosted several guided
walks for the public as part of London Rivers Week {Mayl and the Totally Thames Festival (September).
Communication
Thames Talk e-news, our monthly e-newsletter, keeps our members and wider network of 5,CMJO stakeholders in

THAMES ESTUARY PARTNERSHIP
ANNUAL REPORT AND ACCOUNTS
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FOR THE YEAR ENDING 31 MARCH 2025
touch with what's happening on the river. Our digital assets continue to grow in popularity and are regularly
accessed. These include a virtual boat trip which maps out points of interest along the river, including human
and natural history, across So locations covering the entire tidal Thames. The Talk of the Thames podcast
interviews Thames community members from across interests and sectors to discuss interesting topics such as
flood defence, seals and wildlife and archaeology. Across all our digital platforms including Linkedln, X,
Instagram and Facebook, we have just over 4.7k total followers, with regular engagement when posting.
Volunteers
TEP has worked with volunteers in a wide range of activities in the past. This year we have been supported by
one green finance volunteer.
Membership
Our membership is made up of individuals, charities, academics, industry professionals (mainly from
engineering, construction and infrastructure provision), regulatory authorities and local authorities. Our
membership model is to be refreshed in 2025126 in line with a refreshed Business Plan and will remain open
to the public through an individual membership offer.
Forums
TEP facilitates themed forums to provide a platform for discussion, exchange of ideas and a way to resolve
issues. These Forums draw widely from TEP'S work and the local community through project work and
external fora but are not open to the general public as they tend to require technical or experiential
knowledge and sometimes deal with commercially sensitive data. Each group is chaired by one of the
member organisations and has a Terms of Reference. TEP provides the secretariat and administration.
The outputs are published on the TEP website, and the general public can contact TEP at any time about
any of the work we do through these fora. We currently organise the following groups:
Dredging Liaison Group, set up to enable a focused knowledge exchange platform for dredging
operators, consultancies, regulatory authorities, researchers, port operators and commercial
fishermen to be able to discuss relevant issues, latest technology and upcoming opportunities for
collaborative research. This is our longest running forum and consistently well attended with
usually around 20 attendees from a forum membership list of 60. Discussion and output inform
our work on commercial fisheries and intertidal habitat creation.
National Trdils Thames Path fidal Group, set up in response to the gap in strategic management
of the Thames Path in the tidal Thames area. This is a small group consisting of NGOS, regional
representatives of the National Trails Management Group (who manage the Thames Path
upstream of Teddington) and Natural England (who are designating the England Coastal Path
which will join up with the Thames Path at Woolwichl. Attendance is always 100% due to the
small size and we represent the tidal Thames Path at the wider regional meetings. Discussion and
outputs inform our work on riverside development, marine planning, public access and
recreation.
ACHIEVEMENTS AND PERFORMANCE
Delivery of projects
TEP has continued to deliver projects that meet our charitable objectives including:
Joint Thames Strategy- In response to increasing flood risk from climate change, the JointThames Strategy
provides a 'handbook for change" from Surrey to the Sea. It aligns five local Thames Strategies into one cohesive
vision, embedding the Environment Agency's Thames Estuary 2100 Riverside Strategy approach and being
delivered by an overarchingThames Strategy Partnership (TSP). By working collaboratively, the TSP empowers
local communities and authorities to integrate enhanced flood resilience with wider benefits
creating a more
vibrant, accessible, biodiverse and economically robust Thames for future generations. As these are co-developed
with Local Authorities and communities, the JTS provides a unique opportunity to engage inclusively with

THAMES ESTUARY PARTNERSHIP
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDING 31" MARCH 2025
riverside communities and enable the delivery of social and environmental benefits through adoption into the
Local Plan and the Mayorfs London Plan, This will be the lever that communities and Local Authorities need to
ensure investment from economic and development activity whilst ensuring climate resilience into the future.
Estuary Edges- Estuary Edges are soft-engineered designs retrofitted into hard flood defences to create intertidal
habitat within the urban estuary margins. This is an ongoing project to promote the use of the Estuar
Ed
es
Guidance for Develo
ers and embed the approach into the planning system. In 2024/25, the project was mostly
dormant due to lack of funds and changes in funderfs funding streams. However, we continued to develop student
training and conducted fish surveys in three sites with partners and post-graduate UCL students. We also
supported the development of a PhD proposal based on fish utilisation of urban and coastal engineered and
restored sites. The successful PhD candidate is a TEP employee, who reduced her time to 0.2 FTE at TEP and aligns
her Estuary Edges work with the PhD, benefitting both new research and TEP knowledge.
The Roadmap to Climate Resilience is our GIS platform to enable integrated data management across open access
socio-economic and environmental data, including climate data. This evolved from the previously completed
Greater Thames Estua
Fish Mi
ration Roadma
ro'ect a mapping tool that visualises data of barriers to fish
passage and other land use data for better place-based, community-led local decision making for river restoration.
In 2024/25, we finalised collation of data and recruited a new GIS and Data Manager who designed and built the
user-friendly platform to support intertidal/coastal and landward riverside habitat restoration and community-led
development. By integrating data across the land/sea interface we can work with communities to co-develop a
coastal habitat restoration plan {inclusive of Estuary Edges above and community access and training needs) for
the whole Thames Estuary and support the identification and agreement of areas that can either be restored or
enhanced. We will be demonstrating this to key partners and offering the platform for use in partner projects to
evolve the site and make adjustments according to use and need. TEP will also increasingly use this platform to
underpin our programme of work and be utilised by stakeholders and communities into the future e.g. JTS. We
continue to support others in their data management and keep the Fish Migration Roadmap updated with data
from partners.
The Thames Evolving Foreshore Project, led by Thames21, set out to develop a public Science approach to
monitoring erosion and accretion of the Thames foreshore at key sites where flood defences could be
undermined. In 2024/25, TEP is part of the project partnership leading on the GIS story map for public
communications.
Fish Local set out to identify underutilised commercial fish species that can be caught across the Kent and Essex
district which are mostly overlooked or less valued and look at way5 to better promote and remarket them. This in
turn creates demand for locally caught fish, improving the price and benefiting small-scale commercial fishers.
Herring was identified as the best species to take forward into a rebranding exercise and marketing strategy
development. In 2024/25, preparation for the next fishing season to sample herring for genetic evaluation and
potential scientific reclassification got underway. As well as continued work with the industry to develop local
market networks and increase the sale value of local herring. This has included supporting a young fisherman into
the industry and establish a new business.
Coastal Partnerships Network (CPN) is a national network connecting 55 Coastal, Estuary and Marine Partnerships
{CEMPsl similarto TEP around the UK. We support the CPN nationally in several ways {see below) and we drive
forward the regional and local delivery as the local CEMP in the Thames. In 2024/25 TEP led on a fifth stage of
strategic development to strengthen and professionalise the CPN with funding from the Environment Agency:
Championing Coastal Coordination13Csl is an Environment Agency funded initiative seeking to explore
how to enhance and progress coordination for coastal sustainability and resilience in England. The
development of a National Framework for Coastal Coordination and supporting coSlaborative platforms
{Coastal Coordination Hub and Coastal Data Hub} was progressed with further funding secured for
Development Phase 3 and delivered again in tight timelines. A Coastal Coordination Hub was designed
and built ready for population in 2025/26. We continue to develop a Building Capacity Programme within

THAMES ESTUARY PARTNERSHIP
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ANNVAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2025
this workstream and develop a peer-to-peer learning network of CEMP Officers supporting each other in
learning and building key hard and soft skills.
Most notably, the CPN achieved Charitable Incorporated Organisation status in June 2024 and a
transition programme got underway to establish its governance, policies and financial management
processes to enable independence from TEP by April 2026.
The Catchment Based A
roach
CaBA
J is an inclusive, civil society-led initiative that works in partnership
with Government, Local Authorities, Water Companies, businesses and more, to maximise the natural
value of our environment. Led by The Rivers Trust, CaBA operates nine National Working Groups
underpinning the work of a National Steering Group. TEP co-hosts the local Catchment Partnership for
the Tidal Thames with Thames21 and collaborates with the national Rivers Trust on the 3Cs project for a
catchment to coast approach across catchments enabling collaboration between CEMPS and Catchment
Partnerships around England.
FINANCIAL REVIEW
During the year ended 31 March 2025, total income was 2025: £841,504 (2024: £660,361) and total expenditure
was 2025: £866,22812024: £640,553}. The net expenditure was 2025: £24,723 {2024: net income of £19,808).
Reserves review including policy
The Trustees have a policy of having a reserve of funds which will cover redundancy, three months of core
costs and close down costs, which are estimated to be £81,661. The reserves which stood at £92,667 at the
year*nd are close to the required level.
Going concern
The Board of Trustees is of the opinion that the charity has adequate resources to continue in operational
existence for the foreseeable future and there are no material uncertainties regarding the CharIt￿S ability to do
so.
RISK MANAGEMENr
The Trustees have assessed the major risks to which the charity is exposed, in particular those risks related to the
investment strategy- these are included, with mitigating actions, in each iteration of the Business plan as well are
reviewed regularly at board meetings. They are satisf5ed that adequate procedures are in place to mitigate exposure
to these risks, although it is recognised that systems can only provide reasonable. not absolute, assurance. They have
identtfied the following top 4 risks:
Risk identified
Action taken to mitigate the risk
Internal control risks
Structured procedures for authorisation of all transaction5 and projects
Income generation
To promote the Trust and encourage donations via the website and
Membership
Objectives
Regularly review the impact of the Trust
Staff Retention/Change
To ensure all knowledge is curated and archived and staff report regularly on
activity to ensure no knowledge is lost.
Related parties and relationships wlth other organisations
TEP receives core funding from Thames Water and Essex County Council and therefore works closely with these
organisations to achieve sustainability for the Thames.

THAMES ESTUARY PARTNERSHIP
ANNUAL REPORT AND ACCOUNTS
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FOR THE YEAR ENDING 31 MARCH 2025
TEP receives substantial project funding from the Environment Agency.
There were no other related party transactions during the year {2025: £Nill and there are no balances
outstanding with any related parties at the Balance sheet date12025: £Nil}
Key management personnel
The Board of Trustees and the senior management team comprise the key management personnel responsible for
the operation of the charity on a day-to-day basis. No Trustee or Director received renumeration. Details of
directors, expenses and related party transactions are disclo*d in notes 5 and 9 on the accounts.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees, Report and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing these
financial statements, the Trustees are required to:
Selert suitable accounting policies and then applied them consistently;
Observe the methods and principles in the Charities 50RP;
Make judgments and estimates that are reasonable and prudent;
State whether applicable UK Accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it Is inappropriate to presume that
the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time of the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and the group and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Members
The company is limited by guarantee, and the liability of its members is limited to £1. The total number of such
st
guarantees at 31 March 2025 was 3. The Trustees are members of the Charity, with voting rights, but they have
no beneficial i
terest in the charity.
Jon
y, Treasurer
Date.. 28 Ianuary 2026

THAMES ESTUARY PARTNERSHIP
ANNUAL REPORT AND ACCOUNTS
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FOR THE YEAR ENDING 31 MARCH 2025
REPORT TO THE TRUSTEES OF THAMES ESTUARY PARTNERSHIP
I report to the Trustees on my examination of the accounts of Thames Estuary Partnership for the year ended 31
March 2025 which are set out on pages 10- 21.
Respective responsibilitles of Trustees and examiner
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the
preparation of the accounts in accordance with the requirement5 of the Companies Act 2006 {"the 2006 Act"). The
Trustees are satisfied that an audit is not required for this year under section 144{2} of the Charities Act 2011 (the
2011 Act) and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the
charitable company's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I
have followed the requirements of the applicable Directions given by the Charity Commission under section
145{5}Ib} of the 2011 Act.
Independent examiner's statement
Since the charity's income is in excess of £250,000 your examiner must be a member of a body listed in the 2011
Act. I can confirm that l am qualified to undertake the examination because l am a registered member of ICAEW
which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe
that in any material respect:
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act;
or
2. the accounts do not accord with those records- or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an
independent examination; or
4. the account5 have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard Weaver FCA
Haysmac LLP
10 Queen Street Place
London
EC4R IAG
Date: 30 January 2026

THAMES ESTUARY PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlcted
Funds
Restricted
Funds
Total
2025
Total
2024
Note
Income from:
Charitable activities
Other trading activities
Investment income
Other income
24,187
817,316
841,503
660,360
Total income
24,188
817.316
841,504
660.361
Expenditure on:
Raising funds
Charitable activities
Projects
104,787
104,787
761,441
90,003
550,550
761,441
Total expenditure
104,787
761,441
866,228
640,553
Net income / (expenditure) for
the year
180,599}
55,875
124,724)
19,808
Transfers between funds
81,446
181,446)
Net movement in funds
847
125,571)
(24,724)
19,808
Reconciliation of funds:
Total funds brought forward
91,820
100.796
192,616
172,808
Total funds carried forward
92,667
75,225
167.892
192,616
All of the above results are derived from continuing activities.
There were no other recognised gains or losses other than those stated above.
The attached notes form part of these financial statements.
io

THAMES ESTUARY PARTNERSHIP
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
CURRENT ASSETS
Debtors
Cash at bank and in hand
198,548
70,639
433,351
34,538
269,187
467,889
CREDITORS: amounts falling due
within one year
{101,295)
1275,273)
NEf CURRENT ASSETS
167,892
192,616
TOTAL NET ASSETS
167,892
192,616
FUNDS
Restricted funds
Unrestricted funds
io
75,225
92,667
100,796
91,820
TOTAL FUNDS
167,892
192,616
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act
2006 relating to small companies. No members have required the company to obtain an audit of its accounts for
the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their
responsibility for complying with the requirements of the Act with respect to accounting records and for the
preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies, regime.
roved by the Trus
28 January 2026
nds
ned on their
ehalf by:
re
tas
Jonathan Whitby
Treasurer
Trustee
Company registration no. 3807387
The attached notes form part of the financial statements.
li

THAMES ESTUARY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
l. Accounting policies
a) Basis of preparation
The Thames Estuary Partnership is a registered Charity {no 10831991 and a Company Limited by Guarantee
(no: 038073871. Registered office: UCL (University College London), 26 Bedford Way, London WCIH OAP.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 -{Charities SORP FRS
102) and the Companies Act 2006.
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy or note.
b) Going concern
The accounts are approved during a period where there remains a residual impact on the Charity from the
previous financial year due to the COVID-19 virus; consequently, the TEP membership dropped, and core
income reduced. At a time when grant funding remains stationary, global events have resulted in sudden
increases to costs. The Charity has taken appropriate and swift action to balance operating costs to meet
income received, considering risks through its normal risk management processes and mitigating actions
both already taken and available to be taken. As such, the Trustees consider it appropriate for the going
concern to be adopted for these accounts. The financial statements do not include the adjustments that
would result if the charity were unable to continue as a going concern.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached
to the income have been met, it is probable that the income will be received and that the amount can be
measured reliably.
Income from government and other grants, whether'capital, grants or'revenue, grants, is recognised when
the charity has entitlementto the funds, any performance conditions attached to the grants have been met,
it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
Income received in advance for the provision of specified service is deferred until the criteria for income
recognition are met.
For legacies, entitlement istaken asthe earlierof the date on which either: the charity is aware that probate
has been granted, the estate has been finalised and notification has been made by the executorls) to the
charity that a distribution will be made, or when a distribution 15 received from the estate. Receipt of a
legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the
charity has been notified of the executor's intention to make a distribution. Where legacies have been
notified to the charity, or the charity is aware of the granting of probate, and the criteria for income
recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
12

THAMES ESTUARY PARTNERSHIP
NOTESTOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
d) Donatlons of glfts, services, and facilities
Donated professional services and donated facilities are recognised as income when the charity has control
over the item or received the service, any conditions associated with the donation have been met, the
receipt of economic benefit from the use by the charity of the item is probable and that economic benefit
can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteertime is not recognised
so refer to the trustees, report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the
value of the gift to the charity which is the amount the charity would have been willing to pay to obtain
services or facilities of equivalent economic benefit on the open market; a corresponding amount is then
recognised in expenditure in the period of receipt.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity- this is normally upon notification of the interest paid or payable by the bank.
f) Fund accounting
Unrestricted funds are available to spend on activities that further any of the charitable purposes,
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion
to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are
to be solely used for particular areas of the charitls work or for specific projects being undertaken by the
charity.
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party,
it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Expenditure is classified under the following activity headings:
Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in
inducing third parties to make voluntary contributions to it, as well as the cost of any activities with
a fundraising purpose.
Expenditure on charitable activities include5 the costs of delivering services, exhibitions and other
educational activities undertaken to furtherthe purpose5 of the charity and theirassociated support
costs.
Other expenditure represents those items not falling into any other heading.
The Company is not registered for VAT and expenses inflated by VAT cannot be recovered. VAT is
charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
activitie5. Support cost5 include back-office costs, finance, personnel, payroll, and governance costs which
support the Trust5 artistic programmes and activities. These costs have been allocated between cost of
raising funds and expenditure on charitable activities. The bases on which support costs have been allocated
are set out in note 7.
13

THAMES ESTUARY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies (continued)
i} Debtor
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount
prepaid.
j) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
k) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any trade discounts due.
l) Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable underthe circumstances.
Although these estimates are based on the trustee's best knowledge of the amount, events oractions, actual
results ultimately differ from these estimates. The trustees do not consider there to be any estimates and
judgements.
m) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments, including trade and other debtors and creditors are initially
recognised at transaction value and subsequently measured at their settlement value.
14

THAMES ESTUARY PARTNERSHIP
NOTESTO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 Comparative Statement of Flnancial Activities 2024
Unrestrlcted
Funds
Restrirted
Funds
Total
2024
Income from:
Charitable activities
Other trading activities
Investment income
Other income
25,529
634,831
660,360
Total income
25.530
634,831
660,361
Expenditure on:
Raising funds
Charitable activities
Projects
90,003
90,003
550,550
550,550
Total expenditure
90,003
550,550
640,553
Net income / (expenditure) for the
year
164,473)
84,281
19,808
Transfers between funds
64,539
164,539)
Net movement in funds
66
19,742
19,808
Reconciliation of funds:
Total funds brought forward
91,754
81,054
172,808
Total funds carried fonvard
91,820
100,796
192,616
3 Income from charitable activities
Unrestrirted
Restrlcted Total 2025 Unrestrirted
Restricted
Total 2024
Core funding
Project funding
24,187
24,187
817,316
25,529
25,529
634,831
817,316
634,831
Total income from
charitable activities
24,187
817,316
841,503
25,529
634,831
660,360
15

THAMES ESTUARY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
4 Analysis of expenditure
Charitable activities
Project
Support costs
Governance
Costs
Total 2025
Staff costs
Other project costs
Office costs
Finance
Other staff costs
Governance costs
248,622
512,819
63,941
3,536
316,099
512,819
11,803
1,320
9,450
14,737
11,803
1,320
9,450
14,737
Total
761,441
86,514
18,273
866,228
Support costs
Governance costs
86,514
18,273
(86,514)
{18,273)
Total expenditure 2025
761,441
104,787
866,228
Charitable activities 2024
Project
Support costs
Governance
Costs
Total 2024
Staff costs
Other project costs
Office costs
Finance
Other staff costs
Governance cost5
225,711
324,839
49,674
3,657
279,043
324,839
10,052
2,582
20,424
3,613
10,052
2,582
20,424
3,613
Total
550,550
82,733
7,270
640,553
Support cost5
Governance costs
82,733
7,270
182,733)
17,270)
Total expenditure 2023
550,550
90,003
640,553
16

THAMES ESTUARY PARTNERSHIP
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
5 Analysis of stsff costs, trustee remuneratlon and expenses, and the cost of key management personnel
Staff costs were as follows:
2025
2024
Salaries and wages
Social security costs
288,808
27,291
264,404
14,639
316,099
279,043
No employees received employee benefit {excluding employer pension) during the year.
The total employee benefits including pension contributions of the key management personnel were £84,86612024'.
£70,652).
The charity Trustees were not paid nor received any other benefits from employment with the Trust in the year
{2024: £Nill They were not reimbursed expenses during the year (2024: £Nil). No charity trustee received payment
for professional or other services supplied to the charity {2024: £Nill.
Staff numbers
The average number of employees (head count based on number of staff employed) during the year was as
follows=
2025
No.
2024
No.
Charitable activities
There was l employee with emoluments above £60,000 (2023: £60,000).
Salary Band
60,001-70,000
70,001-80,000
80,001-90,000
No of employees
6 Taxation
Thames Estuary Partnership is a registered charity and therefore is not liable to income tax or corporation tax on
income derived from its charitable activities, as they fall within the various exemptions available to registered
charities.
7 Debtors
2025
2024
Trade debtor5
Prepayment5
Accrued income receivable
61,310
2,252
134,986
340,026
25,796
67,529
198,548
433,351
17

THAMES ESTUARY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
8 Creditors: amounts falllng due wlthln one year
2025
2024
Trade creditors
Taxation and social security
Other creditors
Accruals
33,752
28,681
17,566
21,296
198,677
7,719
28,923
39,954
101,295
275,273
9 Related Party Transactions
In the opinion of the directors, the charitable company is not subject to overall control by any party.
All previous Charity members including Thames Water, Essex County Council, the Environment Agency, the Port of
London Authority, Natural England and the Corporation of London are no longer Charity members. They are
Founding Partners with whom we continue to work strategically and at arm's length and we receive funding from
for core and restricted purposes. The current Charity members are independent and do not provide funding.
Details of Trustee remuneration and expenses are contained within note 5.
University College London ("UCL"). whilst not a member of the company, may be said to hold significant influence
over the charitable company such as IT services and providing office accommodation to the Partnership without
charge.
The company is limited by guarantee, and the liability of its members is limited to £1. The company has 4 members
(2024: 4 members).
18

THAMES ESTUARY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10 Movements in funds
At the start
of the year
Income &
gains
Expenditure
& losses
At the end
of the year
Transfers
Restricted funds:
Roadmap to Climate Resilience
Catchment Partnership Fund
Compass
L Borough of Richmond-JTS
Fish Local - Silver shore herring
Thames Offshore flood defence
3CS
Regenysys
10,490
62,500
15,000
149,7771
319,626
105,292
6,286
349,000
9,389
161,954)
112,499)
119,6051
(271,3001
(46,7751
17,0781
1334,1321
(8,0981
111,036)
12,501)
12631
{48,3261
(1,9041
11,2571
{14,8681
{1,291}
69,645
18,612
2,049
75,225
Total restricted funds
100,796
817,316
(761,441)
181,446)
75,225
Unrestricted funds:
General funds
91,820
24,188
{104,787)
81,446
92,667
Total unrestricted funds
91,820
24,188
1104,7871
81,446
92,667
Total funds including pension
fund
192,616
841,504
1866,2281
167,892
19

THAMES ESTUARY PARTNERSHIP
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Comparison movements in funds 2024
At the start
of the year
Income &
gains
Expendlture
& losses
At the end
of the year
Transfers
Restricted funds:
Roadmap to Climate Resilience
Catchment Partnership Fund
Compass
London Borough of Richmond
Fish Local- Silver shore herring
Estuary edges
Thames Offshore flood defence
3CS
6,150
85,000
12,500
83,586
181,921
51,324
167,160)
112,5001
154,730}
{154,795)
(51,602)
12,319)
113,500)
10,490
52,476
111,687)
(27,126)
11,2051
1141
69,645
20,095
2,333
18,612
2,049
218,451
2,049
{207,444)
{11,0071
Total restricted funds
81,054
634,831
1550,5501
(64,539)
100,796
Unrestricted funds:
General funds
91,754
25,530
190,0031
64,539
91,820
Total unrestricted funds
91,754
25,530
{90,0031
64,539
91,820
Total funds including pension
fund
172,808
660,361
{640,553)
192,616
Purposes of restricted funds
Each of the restricted projects to be described in more detail below and explain any transfers.
EnvironmentAgency- Roadmap to Climate Resilience- to scope the evolution of the GreaterThames Fish Migration
Roadmap to focu5 on data visualisation across the land/sea interface of the urban estuary and rural coast of the
Thames Estuary to support coastal habitat restoration, urban intertidal habitat creation and landward green
infrastructure along the riverside.
Environment Agency - Catchment Partnership - to co-host the Your Tidal Thames Catchment Partnership in
collaboration with Thames21 and seek to help improve water quality and create habitat.
Environment Agency- Estuary Edges- to develop long term monitoring programme of ecological surveys across the
Estuary Edges sites through developing postgraduate student training days and enable the engagement with
developers and Local Authorities to secure more Estuary Edge sites as part of riverside development.
Environment Agency- 3Cs - to take forward recommendations for a National Framework for Coastal Coordination
to improve the governance and coordination across the land/sea interface for the benefit of coastal communities
and the marine environment.
MMO- Fish Local- to rebrand and improve the sales of a community identified Thames fish species to support local
small-scale fishers and the wider industry and promote locally caught fish to reduce carbon emissions and support
local food resilience.
20

THAMES ESTUARY PARTNERSHIP
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Environment Agency - Thames Foreshore Project - to develop a public data collection approach to rnonitoring
foreshore erosion and accretion that could undermine flood defences at key sites along the urban Thames Estuary.
Led by Thames21.
Clty Brldge Trust- Blue Connections - a pilot to develop a transferable skills training programme for young people
living in deprived, diverse riverside communities utilising the in house soft and hard skills used in delivery of our
projects. Aim to increase employability whilst fostering a greater connertion to their local environment through
showcasing how these skills are used in ourenvironmental projects with experiential outdoor learning opportunities
on the Thames.
CGF - Compass and CPN - strategic development of the Coastal Partnerships Network (CPN} to evolve from a
volunteer-run network to a professionalised one and develop the Learning and Development programme via
Compass, an online learning course covering systems change approaches and values-based approaches to
communication.
Transfers are made from the restricted fund balances to reflect overhead costs that are agreed to be paid from
the funds.
12 Analysis of net assets between funds
Restricted
Unrestritted Totsl 2025 Restricted
Unrestricted
Total 2024
Debtors
Cash and bank
Creditors
198,548
198,548
{4,5861
70,639
1101,295) 1101,2951
433,351
433,351
166,258)
34,538
1275.273) 1275,2731
75,225
100,796
Total net assets
75,225
92,667
167,892
100,796
91,820
192.616
13 Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Each member 15 liable to contribute a sum
not exceeding £1 in the event of the charity being wound up.
21