Charity registration number 1089239 (England and Wales) Company registration number 04225307 THE TRENT RIVERS TRUST A COMPANY LIMITED B Y GUAIL4NTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 R$ Envdop8 ID". ENv202706-O725-CFAD-81s3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE LEGAL AIND ADMINISTIL4TIVE IINFORMATION Trustees l Butterfield THFarr VLHolt RJKay G D Nickolds M Owcn Stark T Wa15h H Marshall E H Gibbs (Appointed 21 March 2025) (Appointed 21 March 20251 Secretary VLHolt Senior n)anagement I Easter CEO Charlty number (England and Wales) 1089239 Company number 04225307 Registered office 2nd Floor Middle Mill Darley Abbey Mills Darley Abbey Derby Derbyshire DE22 IDZ Auditor UHY Hacker Young 14 Park Row Nottingham NGI 6GR Bankers Royal Bank of ScOtld pl¢ 33 Old Broad Street London BX2 ILB The Co-operative Ballk Delf House Southway Skelmersdale WN8 6WT R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE CONTENTS Page Chairman's statcmcnt Trustees, report 4- 18 Indcpcndcnt auditor's report 19-22 Statement of financial activities 23 Balance sheet 24 Statement of cash flows 25 Notes to the fLnancial statements 26-40 R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 JULY 2025 Thc Tru5tccs uf The Trent Rivers Trust (TRT). present hcrc thcir annual report audited fillclaI 51atcmcnt foi the yedi l August 2024 to 31 July 2025. This annual report is both a tiustees, report for the chaiily and a dire¢tors' report in line with company law. The trustees Can confimi that this report demonstrates that Trent Rivers Trust is complying with its Current statutory requirements, the requirements of the charitable company's governing documents and the provisions of the statement of recorded practice (SORP.) This is as it applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic ol'lreland (FRS102) effective on 1st January 2019. Overview of the year l am very pleased to be able to write that The Trust has had another strong year as it consolidattS its reputation for dcsigning and delivering projects that provide nature-based solutions to restore rivers, grow resilience to our changing climatc and rcducc the iinpact ot pollution. We have again increased our rcservc Icv¢ls, whilst securing record levels of ineome. We eolltinue lo further protect, conserve and enhance for public benefit the nalural aquatic environment and biodiversity of the catchinent of the river Treni, while promoting understanding of suqiainable approa¢he.s to water manageinent iii urban and rural areas. Everyone is aware of the issueq that our rivers face in tenns of pollution, resilience to climate change both in terms of flood and drought, loss of biodii'ersity and loss of fl(H)d plain connectivity. Though TRT continues to undertake many exceptional projects, the threat to our rivers remains grave, putting in peril the environmental, social and econoinic benetits they bring. The public now more than ever Undetand both the value of their local rivers and the problcins they face and a key part of our work is to raise that awareness further by cngagiiig with communities: stakcholdcrs and politiciaiis at a local and regional scale and incrcasingly support iiatioiial level activity to raise awareness further. Personnel and governance structure Our thematic structure has bedded in and there have been few changes in personnel. We continue to have a senior leadership team ot tive, the CEO, Head of River Restoration and Nature-based Solutions, Head of Landscape and Partnerships, Data, Evidence and Projects Managcr and Head of Finance. Four people left in the year, all funded to work on spccific projects, our Tittesworth Agriculture Advisor, our Low Flows Project Mallager and Offic¢r and our Soar Natural Flood Manageincnt (NFM} En¥a¥emcnt Officer. We were join¢d by our first in house Adminislralion Officer late in the year, primarily in a supportive role lo the CEO. We have promoted a couple of officers lo managers whi¢h has helped spread the load of project and line manageinent. We were able to provide staff with a one off bonus and a 3 % annual pay rise. We started work on our 2025130 busineqs plan, having a staff and trustee workshop on qome of the main isques and opportunities facing the charity and in Aurumn 2025 this new sirategy will become live. In ternis of our governance structure, we have welcomed two new truqtees in Dr H Marqhall and L Gibbs who both bring skills and experience to our board that we do not have, particularly regarding academic links and communications. We held four trustee meetings in the year and our annual AGM, supported by the separate finai)ce and risk committee. We held a successful board and staff day in the suminer, looking at our work on thc River Mease. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE CHAIRMAN'S STATEMENT (COINTIINUED) FOR THE YEAR ENDED 31 JULY 2025 Projects We again worked on n]dny different projects in the year, with 501ne Loncludin¥ and others in earlier phases. There have been niany highlights, though our river restoration schemes al Weston in Staffordshire in the Mease catchmeni have been particularly rewarding in ternis of their scope and impact. We were also successful in bidding for DEFRA Natural Flood Management funding with Leicester City Council for an ambitious urban NFM project within Leicester. This has now started alongside work on a similarly funded project at Cropwell Butler in Nottinghamshire. Other natural flood management projects have been either in scoping or delivery phases at Breedon in Leicestershire, Gotham in Nottinghamshire and at Brooksby College near Melton Mowbray. Our longer-term Aviva Soar NFM project included delivery work at Be&con Hill Country Park and with landowners in Whisselldine in Leicestershire. This project has enabled us lo showcase the opportunities and difficulties in delivering NFM projects al both a regional and national scale. Our report into this project has been uqed by both AVIVA and WWFUK to influence natioiial level planning and thinking and we have contributed to conversationq in parliament. Thiq project has not yet finished, and we will continue to deliver further capital works in 2025126. Our community engagement work was focused on Stoke, somewhere we have not been able to work in the past. Our Community Engagement Officer there has been able to improve access along the Trent Valley Way through Stok¢ and has engaged with artists and schools to producc som¢ brilliant artwork, noiv valued by the local community. We have also increased our volunlccrin¥ effort, particularly throu support for a voluntccr grciup on the Mease, who have pul in maiiy hours and iii particular removed Hiinalayaii Balsll froin stretches of the river. Future outlook The future is also looking very positive in ternis ot the pipeline of new long-term projects. In the year we had three proposals for enforcement undcrtakings acceptcd by the EA and Severn Trent. These have a combincd value of over 2 million and are ccntrcd around Whitsvick in Lcicestcrshir¢, oll the River Ambcr and on the River Maun. They are 4 or 5 year projects allowing us to really plan ahead in tenns of river restoration work with a focus on weir removal or bypass. We will also be emplc)ying two ne, trainees lo work witli the Institute of Fisheries Maiiageinent as part of these proje¢tq. We are also continuing lo work on our two low- flow projects, that have highliglited the difficulty in doing river restoration work with inultiple partners involved. Other new projects getting undenvay in the year include our first work with a solar farm, providing advice on biodiversity and water management, work with Network Rail to study how to prevent a major line flooding at Brcaston and Draycott in Derbyshire aiid the Thriving in the Trent project with Nottinghainshire Wildlife Trust. Our Porous Pots work ivhich looks at soil hcalth has continued, though 2024125 will bc thc last ycar undertake ayiculturdl advice work ai Tittesworth dnd Stauntoii Harold- a project that has been monumentally successful over l O years in reducing pollution froin faniiiiig, affecting reservoirs. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE CHAIRMAN'S STATEMENT (COINTIINUED) FOR THE YEAR ENDED 31 JULY 2025 Thc Trent Rivcrs Trust started operating fully from it5 ncw otTice in DleY Abbcy in Derby5hirc, which has had a very positive impact in tern]s of the tell being able to shate a space mole regiilarly and being somewhere we Can meet with partners. We also started working with Hogan Lovells solicitors, as part of a national tie up with The Rivers Trust and have re¢eiwed a significant donation from them. In the year we have also started developing our corporate offer, had increased success with media coverage, regularly featuring on local radio and television to talk about river related issues or showcase our projects and have again increased our social media following further. In the year we have also developed our new 5-year business plan from 2025-2030. setting broad objectiiwes for ourselves and outlining our priorities in each of our work areas. This work has been supported by the development of an ambitious set of objectives and key results (OKRS) 'hICh we arc using as a guidei particularly in iernjs of our influencing, business development and communications activities. The future is uncertain in tenns of governinent funding for environmental projects and future policy relating to water companies, governance of the water sector and our regulators and funding for farn)ers to undertake work to support biodiversity. So far TRT has been able to diversify its funding portfolio, has very healthy levels of reserves and has been able to take advantage of opportunities that are available to fund our 'ork and increase the scope and variety of our projects. Our tuture project pipeline is strong, we have a committed, experienced and skilled teatn and I see no reason that TRT will not continue to meet its objectives. delivering real mcasurabl¢ improvements to our rivcrs and continue to be financially secure in thc ycars ahead. M Owcn Chairman Date'.0 6.!Q.3.1? Q? 6....... R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY 2025 Thc trustCC5 prcscnt thcir nUal rcpurt and fancIal 51atcmcnt5 for the ycar cndcd 31 July 2025. The financial stateinents have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Jreland" and the Charities SORP "Accounting and Reportinir by Charities.. Stat¢m¢nt of R¢comm¢nded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" Objectives and activities The Trust was founded in 2001 as the Tient Salmon Trust and is governed by the Meinorandum and Articles of Association which were Created in 2001. the Articles being ainended Inost recently in 2019. The charity is managed by a board of Trustees comprising ten trustees, ¢haired by Mark 0.en. The Trust has a regular cycle of trustee meetings and now sub-committee meetings and events that help bring staff and trustees together. The Trust's key objective as stated in its Memorandum, revised in 2019 is to protect, conserve and enhan¢e, for public benefit, the natural aquatic environment and biodiversiry of the catchment of the river Trent and promote undersLonding of sustainable approaches to water management in urban and rllral areas. These objectives are met via our current work areas which are, river restoration, working with nature, la] use and water and cotmecting people and the river. We also have the following principles.. Being a delivery focused organisation. Seeking to work in partnerst]ip with other organisations,. Respecting and enhancing the local environment; Promoting the integration of a range of inieresls,. balancing the needs of heritage, wildlife and people; Encouraging an Ecosystem Services approach; and Taking account of adapting to. and mitigating the effects of, ¢limate Change. Thc Trust cutTcntly translatcs its objcctivcs into 4 main work arcas: River Restoration Working with Nature Land Use and Water Connecting People and Rii'ers In deciding the activities that we want to prioritise and undertake we give due consideration for the general guidance published by the eharities commission relating to public benefit. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 How we achieve our objectives The Trent Rivers Trust is in the unique position of being the only charity focused on rivers that covcrs the whole of the Trent catchment. We are ablc to work with a variety of partners and funder5 across the seven sub-calehinenls, four of which we host partnerships for in the Tame Anker Mease, Dove, Lower Trent and Erewash and Soar. The Trent Rivers Trust has worked in partnership with The Environment Agency, Local Authorities, The National Lottery, Natural Englkind, WWF (UK), Severn Trent Water and increasingly private companies to d¢liver for our rivers across our four work areas. We work lo support the adherance lo the Euri)peaii Water Framework Directive {WFD 2000) whicli ¢realed an obligation for member states including tlie UK to addres.q the imbalance between biodiversity, using water as a resource, recreation and flood risk. Currently we are failing to meet our WFD objectives with fi]ture uncertainty still regarding their stature following Brexit. Every citizen of the Trent catchment re]ies on water, its cleanliness and provision but also less tangibly on rivers as sources of enjoyment, positive mental health and economic value. In the Trent catchment the landscape is very varied, from protected uplands to heavily farmed lowlands and major cities such as Birmingham, Stoke, Nottingham, Derby and Leicester. Throughout the catchment rier restoration helps repair the damage of centuries of dredging, straightening and pollution that has devastated river ccosysteins. Nature is an ally iii prev¢ntin¥ floodiiig, biiiding togcthcr iiatural habitats split through huinan Idnd use dnd preventin¥ the loss of our soil rcsourle. Pollution comes in iiiany forms, most importantly via phosphates and Nitrates mixed with sediment and sewage that dainages our watercourses but also as toxic run-ofr from urban areas aiid our roads aiid in¢reasingly in the forni of chemicals and parti¢les that a¢cuinulate in ecosystems with impacts we do not fully understand. Our work seeks lo alert poli¢y makers, funders and communities lo the qtale of oiir rivers bul through the positive lens of actioii, locally relevant solutionq and galvanising partnerqhips. Though we have four work areas all are inierlinked and many of our projects touch each one. As we move inio our new business planning period, we are seeking to ensure we are able to work on projects that we prioritise and design, through our knowledge of local rivers and our 21 years of experience. Pul?lic bevefil The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what activities tlie charity should undertake. The work of the Trust benefits rivers, river wildlife and the people who enjoy rivers and who gain their livelihood from rivers. The work undertaken by the Trust delivers a number of different public benefits. Some of these are summarised below and do not change markedly from year to year. This is a broad assessment of our public benefit, with the projects mentioned earlier in this document demonstrating what we have worked on and achieved in the year. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Activities in our four ivork areas: Woikin with Ndlure.. PreseTre rotect and im rove the biudiversi of waterside livers and wetland habitals. Woodborough (Burton Joyce, Gotham NFM). This project scoped. designed and constructed innovative natural flood management features at three localionq. These have already had a measurable impact on flooding and wer¢ all delivered in partnership with Nottinghamshire County Coun¢il and supportive landowners. Brooksby College. There have been difterent phases of our work with Brooksby College near Melton Moivbray. We have designed and created channels that link the river to its floodplain, help reduce flooding downstrcain and rcconn¢ctcd and dcsilted an oxboiv lake, crcatcd new wctlands and wildflower areas and addcd further scrnpcs to the collcge's land. Breedoii. This project, fuiided by Leicestershire County Council had a number of design changes bul created two large ponds to hold back water at times of floodiiig froin a local stream that flooded into Breedon and over roadq. The project enabled the siting of 20 leaky barriers and a large online pond which was enlarged and designed to improve biodiversity as well as slow the flow of water downstream. Cropwell Butler NFM. This project is not complete with its final phase in Autumnlwinter 2025126. Thc projcct was carncd via tcndcr from Nottinghamshirc County Council, following a succcssful bid from thcm to DEFRA and has had its monitoring. scoping and dcsign phasc complctcd in 2024125. Mease NBS. The Mease Nature Based Scheme (NBS) project installed capital works al two sites on the Gilwiskaw Brook, a key tributary of the River Mease. Both were using a nature-based solutions approach, adding features to the channel, and re-profiling and lowering banks to in¢rease the connectivity between th¢ river and th¢ floodplain. The works created a more diverse and naturally functioning watercourse, all01]ng pollution to settle out, and a wider range of habitat features to develop. Works have the added benefit of storing floodwater and slightly Sl0.1ng the passage of the flood peak doivnstream. The works were funded by Leicestershire County Council, supported by the EA, and were infornied by a previous project'mease NFM,. Draycott and Brcaston NFM. This project cnablcd us to work in two location5 at Brcaslon and Drayeott to scope our flooding reduction measure lo alleviate flooding on the main Derby to Noiiingliam railway line. The project is significant in that it is the firsl lime we liave worked with Network Rail. The project has been in ilq s¢oping and landowner engagemeiil phase and we are hoping to move into a more detailed design phase and then into project delivery. Willow Brook. This large project is being undertaken with Leicester City Council. The funding came from a very competitive NFM DEFRA funding round. We have been in the scoping, design and landowner engagcmcnt phase and Th'ill move into delivery in 2026. The project is important bccause it continucs our strong working rclationship with Lciccstcr City Council and is cnabling us to undcrtakc morc Urb or urban friiigc natural flood managcmcnt work as wcll as put in placc n]orc cffcclive flood monitoring equipment. Elcments Green Noltinghamshiie NBS project. This is a new type of projevt for TRT. We are working with Eleinents Green, who are aiming to build a large solar farm near Newark in Nollinghamshire. We have been scoping and designing local water management measures that also aim to enhance biodiversity. The final creation of these features is mainly going to be detennined via a planning application for the solar fami. These are our bigger projects with other projects being undertaken in ternis of scoping and design and increasingly for parish councils worried by flooding. Our devcloping team stnlcture has helped us deliver thcsc complex projccts aiming us to till gaps in our expertise and resources. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Land Us¢ and Water: Im rovc how land mana cmcnl dffccls water5idc rivcrs and wetld hdbitats. Mease River restoration in year 3 of 4 and in its second phase. Work has focused on planning our next large project at Culloden fam whicli will be delivered in early Autumn 2025. We also delivered projects at Coton In The Elms and on Pessall Brook, the latter linked to our phosphat¢ monitoring project. Mease Phosphate Water Environment Improvement Fund (WEIF) project. This project looks to reduce phosphate getting into tlie river mease by using evidence aiid data regarding phosphate sources and the best locations to trap it before it enters the river. A key site has been Pessall Brook whi¢h has had a focus on trapping sediment within the floodplain and habitat improvement work. The project also installed rainwater harvesting and a sediment trap, connected to wider yard improvements undertaken by the landowner through a CS capital grant. The project, now concluded, also tested soil in 10 fields across 3 farnis to help the farmers better understand their soils, with the view of using the data to reduce inputs of phosphatases (and other nutrients) where necessary. The project has been excellent in terms of farmcr engagemcnt especially linked to our wider river restoration and diffiise pollution reduction work. Tittesworth and Staunton Harold. Unfortunately, these projects concluded in March 2025. They have bccn long standing projects that have significantly reduced pollution into drinking water reservoirs, rcduccd thc usc of pcsticidcs and workcd with landowncrs to sccurc grants for activitics on thcir farms to changc farn]ing practiccs, rcducc wn-off or put in cnvironn]cntsl mcasurcs. Porous Pots. We were very pleased that this project has continued where we provide soil testing resiilts to Severn Trent related to key locations across the catchment to help them look at both soil quality and the rate of leaching of nutrients from the soil Aviva NFM. This project has been very important for TRT. It enabled us to employ a coinmunity engagement officer, scope NFM opporrunities acrosq the Soar catchment, and deliver NFM schemes close to Loughborough and at Whissendine. Our work at Beacon Hill County Park enabled us to work Ivith new volunteers and the project enhanced our understanding of taking a more economic approach to NFM and the value it brings. Most importantly the project has seen us work ivith AVIVA and WWF UK to promote key findings trom the project and make recommendations at a national government level about NFM and batTicrs to delivering successful projects. We also took numcrous key pcoplc to sec our SLhcmcs including tt]c local LOubOrOugh MP who championcd our findingb with the flooding minister. Small scale farm advice. We are noting this because we have given specific advice to some individual fartlls, who have paid for that advice and we see this as a growth area, particularly related to biodiversity net gain and our desirc to support wider faTm cluster groups. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Conncctin wctlands. Pco Ic and Rivcrs.- Dcmunstrdte and enrich thc rclationshi bctwccn Ic watcrsidc Tivcrs and Trent Vall¢y Way. Stokc on Trcnl. This project has reccivcd funding to makc Small scalc improvemcnls to the Tient Valley Way in Stoke. The work has fundcd a community engagement offi¢er and has enabled lis to also install some impressive river natiire theined artwork and seating as well utilising designs by lo¢al s¢hool¢hildren. The project has also now started to benefit from a second phase of funding that will enable us to design and make other improvements to the Trent Valley Way, including work on a set-back outfall. Mease volunteer sUPPOrt. Funding from Severn Trent has enabled us lo grow and suppon a volunteer groiip that has been working on the Mease. They have mad¢ improvements to the river along many kilometres and have removed thousands of Himalayan Balsam plants, Cleared litter and plastic and undertaken water testing. Catchincnl Partnerships. We Continue lo bc invcilved in all s¢vell catLhin¢nt partnerships ill the Tient Catchmeiil. We now fully host four parlnersliips (Tame Anker Mease, Dove, Soar and Lower Trent and Erewash) and galN'anise partnership working through these groups as well as showcase the activities already going on and develop our uiiderqi<inding about the specific problems asqociated ThTjth these sub catchmentq. These parinerqhips are not adequately funded and we have also fed into the receni review of the water sector about these partnerships needing more funding and more support within an improved river basin governance and regulatory structure. Though the end point is river restoration through the bypassing of weirs, our activities in ihe Lower Trent to lobby for Wel to be addressed have continued. This has involved working with regulators, potential fi]nder8 and weir owners to pres8 our case for the improvement of fish passage on the Trent, where these stn]crures are significant blockers of the migration of Salmon and other species. Our communications activity has enabled us to generate media interest in projects such as the Aviva Soar NFM project, Trent Valley Way in Stoke, river restoration work on the Mease and in our involvement in the Big River Watch. We have also grown our followers further via Linkedln, TikTok and Instagram and have begun developing our corporate offer to includ¢ volunteer work-days, which we have now started delivering. We are planning for 'Ider engagement with stakeholders and the public in 2025126, especially around our vision for 2025130. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Rivcr Rc51oration.' Crcatc and i othci a uatlL wildlife ruvc linkcd rivcr5 and wetland habitdt5 in thc fluod lain to bcncfil f15h and Hcnmorc Brook and Dover Beck. Theyc projects about incrca5ing resilience to 100 small water courses affrcted by low flows. The projects have had a design and sLopin¥ phase but capital delivery has stalled due to pennitting and issues with the local drninage board. Jf, and when, complete these projects will enable us to create new wetlands, bypass weirs and undertake many other habitat improvements. Enforccmcnt Undcrtakings. Thc biggcst financial boost has comc in thc form of thrcc cnforccmcnt undcrtdkin¥5. Thc5c on thc River Amber, in the Soar catchinent on Ihc Rivcr Maun in Nottin¥hshlrC will cndblc us 10 scopc, design and dclivcr many rivei rc51oration piojccts, includin¥ weir removal, reLonne¢ting floodplains and altering Channels. They will 8150 enable us to do associated landowner liaison engagement and some communily-based activities. We have started the plcinning and design stages and the funding will enable us to employ two new Institute of Fisheries management trainees. Wcston 4 Rivcr Rcstoration Projccl. This projcct in stsffordshirc was complclcd on thc Rivcr Trcnt. It ha5 includcd bank reprofiling. gravel introduction, wetId creation. floodplain connectivity aLid othcr habitat inipruvcinent5 inLludin¥ the piotcclion of an old set of irtigation ditches on the site. Lamprey SRP Project. Our Lamprey focused project is one of a series of projects we want to undertake with specific species in mind. We have worked with Hull University Fisheries Institute to example sites along the Trent, Denvent and Dove that are suitable Lamprey habitst, particularly above wcirs. Bar Brook Floodplain Reconnection. This project is interesting as it involves us working with the Chatsworth estate to undertake ecological assesqment (and biodiN'ersity net gain,} pennitting and scoping work for a natural Flood Management project on the local Bar Brook. Tracking thc Trcnt. This projcct is duc a final rcport Ill thc coming months. Thi5 will dcmonstratc thc impact of Aiicham weir in particular on the movcment and migration of sclcctcd fish specics. Numb¢rs of fish have b¢en laggcd over a p¢riod of moiiths by Hull Univeisily Institute of Fi5heiies and preliminary results are clearly showing the impact of weirs on fish movement and not only for migratory species. Lea Marston. The main data gathering and scoping part of this project has concluded. TRT worked with consultants to look at thc potcntial for loivcring kcy barricrs at Lca Marston on thc Tamc which is an activc Environmcnt Agcncy oivncd location. Thc work a150 a5scsscs thc dcvclopmcnt of a ncw channel through what 15 CuentlY a lakc dnd the mdin constrictin¥ factor to any future work which is the potential for releasing tOXlL sediments into the river system. We await the Environment Agencies deiision as to what they will do with ihe findings of our work. Thriving in The Wider Trent. This project was a result of a joint funding bid with Nottinghamshire Wildlifc Tnjst and othcr partncrs. It has priinarily involvcd us working with a varicty of landowncrs to asscss thc possibility of various spccics focuscd habitat improvcmcnt works on thcir land. Thc projcct ha5 cndblcd our agricultLwal advisors to liaisc with our nature-based solutions officcrs to jointly dcvelop pioposals for contactcd landowncrs. eDNA Mease Crayfish. This is our firqt eDNA project and involved assessing the presence of indigenous, whiie-clawed crayfish in the Mease through both site work and use of eDNA monitoring. Unfortunately, as expected no evidence of the indigenous species was found, but widespread presence of thc aggrcssivc alicn Signal crayfish spccics was contirnicd. R$ Envdop8 ID". ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Across all our projects we strivc to takc into account dll of our work Ca5 and aim to kccp a ba1C¢d portfolio of projects. This is not always possible due to the nature of our funding. This is one of the reasons why we have used some of our own designated funds to support areas that are not being funded extemally that are important to us. In the last year we have funded projects that have enabled us to carry out electro-fishing in priority locations, strengthened our understanding of Biodiversity Net Gain, funded our work related to the Trent weirs in the Lower Trent and Erewash sub-catchment. enabled us to explore our offer to landowners especially in relation to uncertainties around government tunding and improve the Peak Angling Passport scheme which has now been developed further via a grant from the Peak District National Park Authority. We map our income against each of these work areas and also internally report against progress in each area. We cmploy a team of pcople able to work across the catchment and work in partncrship with contractors and partners whcrc we do not have all the skills and experience in-house. Where it is appropriate, wc employ a contractor to provide 5peLialist support, reducc the risk to the Trust and mect seasonal demands. In the last year we have developed a collaborative working agreement with the eonsultant JBA, a first for TRT and something that has a positive impact in resourcing technical modelling and related specialisms and is providing training to key members of our staff. The current Business Strategy running from 2022 to 2025 has concluded al the end of the financial year. It had as its priorities: 'Consolidating our income levels and team skills rather than seeking significant growth while looking to prioritise.. l. Developing our Trent-wide leadership role 2. Increasing public awareness and engagement in our activities 3. Improving our internal policies and procedures Our conclusion has been that we have achieved all of these objectives to a certain extent, having grown .%ignificantly in th¢ p¢riod, dev¢lop¢d and improved many internal policies and procedures and raised our profile significantly. Our new Busineqs Strategy i.q lesq about consolidation and internal improvement a¢tivitie8. Instead, it r¢flects a more mature charity, wanting to promote its own priorities loudly and confidently, diiwersify its income base further and maximise the skills and experience of its staff team to deliver bigger and more impacttul projects. This of course while conducting enough business development and relationship building activities to keep our income pipeline in a healthy state. Though the business strategy focuses on the priorities across our tour work areas and what we need to do intcrnally to help make these priorities happen, we hae developed some new ovcrall objectives. These are.. Increase our unrcstrictcd income via several mcans within a diverse income pipelinc Iletter understand the impaet of our projects and be able to demonstrate that impact Maintain or groiv our coinmitted, flexible, specialised team, providing the environment for people to flourish collectively or individually Shift more of our resources into meeting our objectives and key results The Trust recognises the need to monitor its activities and its Impact. In the previous 12 months we have also developed Objectives and Key Results {OKRs) that are based on our own priorities, particularly for our business development work and we will be monitoring progress against these too. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 10-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Wc also proud of some of uur morc intcrnal non-project rcldtcd achievcmcnts. in 2024125. Thcse includc.. Move to Mierosoft Planner project management system. Review of our HR Policies by our HR patlner. Consolidation of our move to our new office in Darley Abbey, Derby with increased spa¢e, meeting capacity and other benefit8 but changes to our expens¢s and hybrid working policies as a r¢sult. Better proj¢¢t based financial management procedur¢s and increased monthly project financial oversight. Creation of clearer management tier underneath the newly defined senior leadership team. Addition of new trustees and the maintenance of a quorate, supportive and committed trustee body Ivith the addition of a new trustee with legal expertise. Effcctive monitoring of our Hcalth and Safety processes via our dedicated H and S officer and a H and stccrin¥ group that monitors incidcnts, has rcvicwcd our sitc management practlccs and has rewritten a number of our Risk Asscssinellts as wcll as reviewed any incidents or near misses. We have not had any major H and S or reportable incidents in 2024125. Conliniied to coiilribule to our reserves, maiiilaining them al a very healthy level and using them lo provide some fuiiding for designated projects agreed by the trllqtees. We have also developed a new investment policy leading to us investing significani sums in higher intere.qt accounts. The 2024125 year has again been hugely positive for TRT with many highlights. Our stable and incr{Sed income levels and staff numbers and expertise is being converted into projects in all our work areas and incrcasingly thcsc arc projccts that wc dcsign and pitch oursclvcs to fundcrs. Though it is difficult to forcscc Icvcls of growth into thc futurc, primarily duc to so much national unccrtainty rcgarding policy and funding, we alrcady hai'c multi-ycar projects uiidcrwdy w'ith somc providiiig fuiiding for th¢ ncxl four Y¢s, a ncwly focuscd business strategy and a Lommitted and tal¢nt¥d tcam to cnsurc TRT will grow, devclop, and inLrease its impact further in 2025126 and beyond. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ I I
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Thc Trust seck5 to undcrstand ils impact-. To demonsliate achievements lo funders. To measure achievements against Trust sel goals, helping decide which future projects the Trust wants to deliver. To improve proj¢¢t delivery and close projects effectively. To communicate our achievements to the public and a wider range of funders and pot¢ntial donors. To help plan and prioritise future projects. In the prior section we have listed many of the key projects that we have worked on in the 202412025 year that demonstrate we are meeting our charitable aims and our obligations to do activities for public benefit. We have a list of KPIS that we use to log the impact of our projects, some of these KPIS are self-generated, others are required by funders or partners. We have reviewed our KPIS in 2024125 and are seeking to find new ways of adding better evidenced qualitative data to the quantitative records of achievement. Though most KPIS are project related, some are related to the overall health of the charity. There are a variety of key measures of impact we use across our work areas. These are spread across our work areas. A high percentage of our work involves the production of reports, scoping studies and designs, which we hope will lead on to actual projects being dclivcred on site. Therefore. we measure the numbcr of these types of rcports that we complete, as well as completing key stages of our longer-tclln projects. Many of our studies do lead to projects happening in each work area and help us relain site specific knowledge. if relevant funding for on-site delivery work is found. Key impacts in 2024125 include.. Over 100 volunteer hours on citizen Science Projects Over 6KM of river habitat improved Over 8Ha of wetland environtllent enhanced or created 182 NFM interventions across numcrous projccts 14,900m3 storage of watcr crcatcd lalinost ccrtainly an undcrestimatc) 76 scoping studies, invcstigations and dcsi¥ns completed. 12 en¥agemeiit events with schools 2.4km of Himalayan Balsain removed 329 land0IllerS advised Engageinenl with over 70 partners and cominunily groups R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 12 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Financial ree The Tn]st achieved a modest surplus of £67,769 {2024.. £161,347), with total ft]nds increasing to £1,024,980 {2024.. £957,211). Although income from charitable activities £1,892,632 fell compared to the prior year {2024.. £2,185,639), this was offset by a COespOnding reduction in expenditure to £1,824,863 12024.. £2,024,292), rcflcctiiig thc slight dccrcasc in projcct activity. As projcct dclivcry rcmaiiis Ihc priinary drivcr of income, this aligninent bctwccii activity Icvcls and costs helped inaintsiii ovcrall financial stability. Tangible fixed assets increased substantially in 2025 to £71,534 (2024.. £19,969), partly due lo the reclassification of project assets purchased in the prior year, but more significantly through investment in project plant and machinery, strengthening the Trust's operational capacity. Total funds rose to £1,024,980 12024.. £957,211), supported by strong cash growth following the receipt of thrce Enforcement Undcrtakings. While creditors incrcased, net current assets remained stable. Restricted funds grcw, cnhancing projcct capacity, whilc unrcslrictcd rcscrvcs dippcd slightly duc to invcstmcnt in internal initiatives throu¥h dc5ignatcd allocation5. Ovcrall, th¢ Trust rcmains financially rcsilicnt with hcalthy b¢ildnce5. Louking dhead. we Lontinue tu prioritise diversificdtion of income ds we prepare tu deliver un our rive year business plan. Goiiig concein Ai the time of approving the financial statements, the trustees have a reasonable expectation that tlie charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statemenLs. RL).SLrve.¥ policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This Icvcl of rcscrvcs has bccn n]aintaincd throUoUt thc ycar. The Trent Rivers Trust's {TRT) reserveb policy is designed to enbure the stability of the Trust, its progranimes and operations, while continuing lo meet our cliarilable objectives. Levels of financial risk change over liine, income can fluctuate, and unbiidgeted expenses may arise unexpectedly. Resen'es are linked to anniial operating costs and an assessment of current financial risk. The overall minimum level of reserves is £500k, which equates to approximately six months of operating costs. Our desired level of reserves is aligned to nine months of operating costs. Thc target rangc is thcrcforc to hold bctwccn six and ninc months of corc opcrating cxpcnditurc as frce rcscrvcs.. Minimum level,. six months to cover cssential Staff, olyicc, and compliance costs. Maximum level,. nine months.. to provide flexibility for stratcgic investment or to manage funding gaps. This range balances prudence with the need to apply funds to charitable activities rather than a¢cumulate excessive reserves. Below six months= A review of income generation, full cost recovery, and expenditure would be required. Above nine months.. Surplus reserves would be designated to strengthen financial sustainability, contribute towards the wider strategic mission, and enhance organisational resilience. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 13 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Ikivestmerttpoliey This policy applies to all cash reserves held by the trust, including fi]nds placed in savings or deposit accounts, which are considered investments as per Charity Commission guidance. Objcclivcs includcs thc prcscrvation of capital, maintaining liquidity, incomc gcncration in addition to risk Inanagcmcnt. Fuiids arc placed in FCA authoriscd UK banks or buildiiig sociclics using a inix of staggcrcd tcrni dcposit aCLOUllts typiLally betw¥cn 30-95 days. Wlicrc dcp05its' arc h¢ld ¥XLecding the FSCS limit, the funds are lield by inslilulions which are considered lo be stable banks with strong credit ratings. Major rEsks Key risks for the trust are considered to include.. Unccrtainty of futur¢ gop'crnmcnl funding, including funding relating to farmers AtliaLting and retainin¥ key staff due tv tlie Lompctitive rceruiled The irusl's dependence on landowners lo agree to the proposed projects being delivered La¢k of core fundiiig lo be able to eiisure the delivery of key projects aiid biisiness developinent activities The trustees continually monitor these risk to mitigate their associated likelihood and impact. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 14-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Structure? governance and management The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. l Butterfield THFarr VLHolt D Jones RJKay G D Nickolds M Owen M Stark T Walsh H Marshall E H Gibbs (Resigned 22 March 2025) (Appoinled 21 March 2025) (Appointed 21 March 2025) None of the trustees has any beneficial interest in the Company. All of the trustees are members of the company and guarantee to contribute £1 in th¢ event of a winding up. The strategic direction of the Trust is dir¢ct¢d by the Board of Trust¢es and th¢ CEO. The day-to-day management of the charity is the responsibility of the CEO, who is a full-time member of staff. The Trust¢¢s, who are also the Directors of the Trust for the purposes of Company Law, are r¢sponsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP 2015 FRS 102,. make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standard5 have been followed. subject to any material departures disclosed and explained in thc financial stateinents- prepare the financial statcmcnts on the basis that TRT is a growing concern thc going concern unless it is inappropriate to presume that the Challtable company will continue in operation. The Trustees, supported by the staff team, are responsible for keeping up lo date accounting records that are .8uffi¢ient to 9h0. and explain tlie charitable company'q tranqaciions and to diqcloqe at any time the fiiian¢ial poqition of the charitable company, to enqure that the financial statements comply with the Comp<inieq Act 2006. They are alqo responsible for Safeguarding the asset8 of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Our income levels as a VAT registered charity mean that we have a full aiinual audit by experienced charity auditors. Trustees meet four times a year, to discuss the strategic direction and business activities of the Trust. The financial pertorniance of the charity is an item on the ageiida tor every meeting, and the Trustees receive finai)cial and project updates including the half yearly and quarterly management accounts and forecasts tor the following year and at each meeting are fully briefed of tlie cutTent situation by the CEO and Finaiice Mana¥cr. Thc CEO also has rc¥ular mcctings Ivlth the chair of tLVStCCs and the trustee rcspoiisiblc f( finance, including via a quarterly fiiidnLe dnd risk coinmittee ineeling that reports to the mdill board and inak¢s recommendations regardiiig risk reduction through an updated risk register and financial procedures. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 15 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Mcmbcrs uf the b0d sclcclcd lo brin¥ d bll)ad cross-SCCtion of skills cxpcrtisc relevant to thc cairying out of activities by the Trust. This skillsel includes financial and business management as well as skills and knowledge of river management and broader Charity Inanagement. Ttustees also provide support when required, regarding specific technical elements of projects, recruitment and HR matters. In the last year we were very pleased to add knowledTre of communications and academic research to our trustee body. Newly elected Trustees meet with the CEO and the Chairman to learn more about the re¢ent, ¢urrent and future activities of the Trust. This is an informal briefing. Guidance and information notes provided by the Charities Commission are also circulated to all Trustees as it is published and any issues relevant to the Trust are discussed at Trustee meetings. New trustees are fomially accepted at the anThual AGM. Matthew Easter is the CEO of the Trust and is responsible for the operational management of the organisation and the delivery of its business strategy. The decisions made by the CEO are undertaken within a scheme of dclcgated authority and include mattcrs relating to project and business developmcnt and project planning and delivery, human resources. Staff appointments (except senior management positions). and day to day financial Inanagcment. The CEO also has a rolc in checking all payments via our bank and operates within a procurement policy that sets thresholds for spend liinits. as agreed with trustees. The stratcgic dircction of thc Trust and policy dccisions rcgarding fIllCe. govcrnance. structurc and ongoing Inanagcment aangeMentS referred to the Trustees for &pprov¢il in advanue of bein¥ fom]ally adoplcd. In these instances, the CEO makes recommendations to the board in advance of a Trustees meeting, and a decision is made at the meeting. Opyanisftlional sin4cthre Thc Trust cmploys a Hcad of Financc, Hclcn Cauldwcll. Shc is rcsponsiblc for thc financial managcnKnt of thc organisation. supportcd by othcr 51aff rcsourccs as rcquircd. Hcr arcas of rcsponsibility includc.. P[cptiOll of thc aL1 dccounts Ca5hflow m¢illdgcinenl credit control Payroll, invoicin¥ and purchasing Budget monitoring including project budget recoiding Financial procedures and VAT tracking Project accounting and support for funder liaison and reporting W¢ now have 3 Senior Lead¢rship Team meetings a month which as well as the CEO and Head of Finance includes the Head of River Restoration and Nature-based Solutions, the Head of Landscape and Partnerships and the Data, Evidence and Projects Manager. These meetings discuss communications activity, project progress and issues, business development, policies and procedures, and how we are monitoring our performance. The Trust tcam has fluctuated in 2024125 with four leavers and a ncw recruit with more new rccruits expectcd in Autumn 2025. Our administration resource has bcen increased, though otherwise our team and strueture has not changed 'IthIn the year. We have however been able to promote three people internally which we are iiicredibly proud of, aq these individualq have been able t(} denionstrate considerable growth while at TRT. Our team includes specialiqts in agricultL]ral advice, nature-based solutions, river restoration and community engagement, supported by 9 people in management positions. We do not fully cover the very large Trent catchment, prioritising areas wknere we are catchment hosts or that have projects that we see as priorities for us. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 16-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 We have a Communication Officer and an Engagement Manager and oificer. This reflects the priority we are giving to raising our profile as a precursor to seeking increased donations for our work. We are hoping to use our increased media coverage and social media presence to help our broader engagement with communities that we want to support key events in the future such as The Big River watch, Citizen Science projects and other coininunity focused actip'ities. The Trust has continued to work closely with its umbrella organisation, the Rivers Trust (RT) who provide national lobbying support and othcr technical s¢r¥'iccs. Th¢ trust networks with other Rivcrs Trust& on Inatlers of govcrnancc, fundiiig opportunities, best praLtiLe sharing and training, CSPCLially those more lolal, and in Autuinn 2024 we undertook a sile wisit to Devon liosted by the largest rivers Trust, the Westcountry Rivers Trust. The Chair an(Vor the CEO of the Tru%[ ariends the nalional AGM orgaiiised by the RT each year ,Iloiig 1th its CEOS confereiice and when possible, a number of the qtaff teani attend the RT conferences in the autumn and spring. Members of the team alqo take part in many other discussionq organi.qed through communities of praciice, such as regarding communications, health and safety or project management. Our regiqtered office for the whole of last year has been 2nd Floor Middle Mill, Darley Abbey Mill8, Darley Abbey, Derby, Derbyshire DE22 IDZ which provides a bigger base with separate meeting space.8 base for the staff team and a secure site for our records and equipment. Statement of tru5tees' responsibilities The trustees, who are also the directors of The Trent Rivers Tnjst for the purpose of company law, are rcsponsiblc for prcparing Ihc Trustccs, Rcport and thc financial statcincnts in accordancc with applicablc law and Unitcd Kingdom Accounting Stsndards {Unitcd Kingdom Gcncrally Acccptcd Accounting Practicc). Company law requires the tnJ.qtees to prepare financial sLitements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparillg these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. - obscrvc thc mcthods and principlcs in thc Charitics SORP.. - makc judgcmcnts cstimatcs that arc rca50nablc and pNdcnt: state whether applicable UK Accounting Sianddrds have bccll followcd, subject to any n]atcrial depdrturcs disclosed la explained in the financial statements- and prepare the finan¢ial stateinents on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accura¢y at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor UHY Hacker Young were appointed as auditor to the company and a resolution proposing that they be re- appointed will be put at a General Meeting. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 17-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 The trustees, report was approved by the Board of Trustees. VLHolt Trustee RJKay Trustee Date.. 0610312026 R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 18 -
UHY UHY H*¢k•rY•uho 14 Park Row Nottingham NGI 6GR A COMPANY LIMITED BY GUARANTEE INDEPELNDELNT AUDITOR'S REPORT TO THE TRUSTEES OF THE TRENT RIVERS TRUST Opinion We ha¢ audited the financial slaleinents of The Trent Rivers Trust (the '¢harily') for the year elided 31 July 2025 which c()mprise the st<lteineiit of financial activitieq, Ihe balance sheet, the statement of cash flo aiid notes to the financial 8tatement8, including Silificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard including Financial Reporting Standard 102 The Financial Reporlirtg Siandurd applicable iii the UK and Republic oflreland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view. of the qiale of the chariLqble company's affairs as al 31 July 2025 and of its incoming resources and application of resources, for the year then ended; havc bccn propcrly prcparcd in accordancc with Unitcd Kingdom Gcncrally Acccptcd Accounting Practice: and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion Wc conducted our audit in aceordallcc with International Standards on Auditing (UK) (ISAS (UK}) and applicable law. Our responsibilities under those standards are further deseribed in the Audilor s respopisibilities for the audil of thefinancial slalements se¢lion of our report. We are indq)endenl of the charity in ac¢ordan¢e with tlie ethical requirementq that are relevant to our audit of the finaiicial statements in tlie UK, including the FRC'S Ethical Standard, and 'e have fulfilled our other ethical reqponqibilities in accordance with these requirement8. We believe that the audit evidence we have obtained is suificient and appropri<ite to wovide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we hav¢ perfoTmed, w¢ have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our rcsponsibilitics and the responsibilities of thc trustccs with rcsPCCt to going conccrn arc dcscribcd in the relevant sections of this report. R$ Envdop8 ID." ENv302TO6-o725-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 19-
UHY UHY H*¢k•rY•uho 14 Park Row Nottingham NGI 6GR A COMPANY LIMITED BY GUARANTEE INDEPELNDELNT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE TRENT RIVERS TRUST Other information The i)Iher iiiformalioii comprises the infonnalioii included in the annual report other than the fiiiaiicial statemeiils and our auditor's report thereon. The trusteeq are responsible for the other infonnation contained within the annual report. Our opinion on the financial statements does not cover the other infomiatioii and we do not express any forni of assurance conclusion thereon. Our responsibility iq to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othenvise appears to be materially misstatcd. If wc idcntify such matcrial inconsistcncics or apparcnt n]atcrial misstatcmcnts, wc arc rcquircd to dctcrniinc whcthcr this givc5 risc to a matcrial misstatcmcnt in thc financial statcmcnts thcmsclvcs. If, bascd on the work we havc pcrforn]ed, wc conclude that thcic is a tnalcrial mis51atcn]cnt of thi5 other information, we are required to report that fact. We have nothing to report in this regard. Matters on which w¢ are requircd to r¢port by ¢xccption W¢ have nothing to report in respect of th¢ following matterq in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the infonnation given in the financial statements is inconsistent in any material respect with the trustees, report; or siifficient accoiinting records have noi been kept; or the financial statements are not in agreement with the accounting records; or we have not received all the infomialion and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of tnjstees, responsibilities, the trustees, who are also the directors of thc charity for thc purposc of company law, arc rcspoi)siblc for thc prcparation of thc financial statcmcnts and for bcing satisficd that thcy givc a truc and fair vicw, and for such intcrnal control as thc trustccs dctcrniinc is neccssary to enable th¢ preparation of financial statcmcnts that are frcc from material mis5tatcmcnt, whcthcr due to fraud or errol. In pr¢parin¥ Ihc finanLial statemcnts, the trustees are responsible for assessing the charity's ability to Continue as a going concern, disclosing, as applicable, matters related to going concern aiid using Ihe going ¢oncern basis of a¢counling unless the truqtees either intend to liquidate the charilable company or to ¢ease operations, or have no realisti¢ altemative but to do so. Auditor's responsibilities for the audit of the finaneial statements Wc havc been appoinlcd as auditor undcr scctioii 144 of thc c.harities Act 2011 and report in accordance with thc Act and rclevant regulations madc or having cffcct thcrcundcr. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of as8uran¢e but is not a guarantee that an audit Conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise fmm frdud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users Lqkell on the basis of these financial statements. R$ Envdop8 ID." ENv302TO6-o725-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 20-
UHY UHY H*¢k•rY•uho 14 Park Row Nottingham NGI 6GR A COMPANY LIMITED BY GUARANTEE INDEPELNDELNT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE TRENT RIVERS TRUST The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Based on our understanding of the Charity, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the Charity, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the finaneial statements. We also considcred those laws and regulations that have a direct impact on the preparation of the financial statements such as the Coinpanies Act 2006, Health & Safety legislation and the Environment Act 2n21. We evaluated inanagement's incentives and opportunities for fraudulent Inanipulation of the financial statements {including the risk of override of controls}, and detern)ined that the principal risks were related to completen¢s8 of income. Audit procedures performed included, but were not limited to.. evaluating whether journals posted gave indications of bias by management, that represented a risk of material misstatement due to fraud; perforniing analytical proccdurcs to idcntify any unusual or unexpcctcd relationships that may indicate llsk5 of n)aterial Inisstalcment due to fraud; making enquiries of management on whetlier they had knowledge of any actual, suspected or alleged fraud,. gaining an under.qtanding of the internal controls in place thmugh perforn)ing walkihrough procedures. and reading the minutes of meetings of those charged with governance. Thcrc arc inhcrcnt limitations in thc audit proccdurcs dcscribcd abovc and thc furthcr rcmovcd non- compliancc with laws and rcgulations is from thc cvciits and transactions rcflcctcd iii thc finaiicial statcmcnts, the Ics5 likcly wc would bccomc awarc of it. A150, the risk of not dctccting a material inisstatemcnt due to fraud is higher than th¢ risk of not detecting oiie resulting from error, as fiaud may involve delibetale concealinent by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https-l/www.fr¢.org.uklauditorsresponsibilities. This description fonns part of our auditor's report. Use of our report This rcport is madc solcly to Ihc charity's trustccs, as a body, in accordancc with Part 4 of thc Charitics {Accounts and Reports) Rcgulations 2008. Our audit work has bccn undertakcn 50 that wc mIt slatc to the charity's trustccs those inattcrs wt arc rcquircd lo stale to them in an auditor's report and for no oth¥r purposc. To the fullest exlenl pern]itted by law, we do not accept or assuine responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have forn)ed. R$ Envdop8 ID." ENv302TO6-o725-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 21
UHY UHY H*¢k•rY•uho 14 Park Row Nottingham NGI 6GR A COMPANY LIMITED BY GUARANTEE INDEPELNDELNT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE TRENT RIVERS TRUST Ohris Chris l¥lcKai Senior Statutory Auditor For and on behalf of UHY Hacker Young) Statutory Auditor Date.. Q.6J.Q212.Q2fj...... 14 Park Row Nottingliain NGI 6GR UHY Hackcr Young is cligiblc for appointmcnt as auditor of thc charity by virtuc of its cligibility for appointmcnt as auditor of a company undcr scction 1212 of thc Companics Act 2006. R$ Envdop8 ID." ENv302TO6-o725-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 22 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE STATEMENT OF FINANCIALACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025 Ullrfstri£t Restricted Total UDrestri¢ted Restricted Thtal fuTrd$ fud& 2O2S 2025 202S 2024 2024 21124 Iyotes Income from: Donations and legacies c.haritable activities Investments 9,554 9,554 1,850,059 1,850,059 33,019 1,055 1,055 6,080 2,167,027 2,173,107 11,477 11,477 33,019 Total income 42,573 1,850,059 1,892,632 18,612 2,167,027 2,185,639 Expenditure on: Charitable activities 66,572 1,758,291 1,824,863 71,002 1,953,290 2.024,292 Total expenditure 66,572 1,758,291 1,824,863 71,002 1,953,290 2.024,292 Net incotnel(expenditure) and movement in funds 123,999) 91,768 67,769 {52,390) 213,737 161,347 Reconciliation of funds: Fund balanceq at l August 2024 480,592 476,619 957,211 532,982 262,882 795,864 Fund balances at 31 July 2025 456,593 568,387 1,024,980 480,592 476,619 957,211 The statemei)t of financial activities includes all gains and losses recognised in the year. All income and expenditure derive froin continuing a¢livilies. The notes on pages 26 10 40 fonn part of these financial slalemenls. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 23 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE BALANCE SHEET AS AT 31 JULY 2025 2025 2024 as restattd Notes Fixed assets Tangible assets 12 71,534 19,969 Current assets Debtors c.ash held at short terni deposits Cash al bank and in I1]d 14 15 432,533 1,713.473 1,476,044 677,660 92,568 1,003,040 3.622,050 1.773,268 Creditors: amounts falling due within one year 16 (2,668,604) (836,026) Net current 715setS 953,446 937,242 Total assets less current liabilities 1,024,980 957.211 The funds of the charity Restricted funds Ilnreqiri¢t¢d funds 19 20 568,387 456,593 476,619 480,592 1,024,980 957,211 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2025. Thc tNSt¢cs acknowlcdgc their rcsponsibiliti¢s for complying with thc rcquircmcnts of the Companies Act 2006 with respect to accounting records and the preparation of fiiiaiicial statementb. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on .QA/.Q31.2Q2A.... M Owen Trustee Company registration number 04225307 (England and Wales) R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 24-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025 2025 2024 as restated Notes Cash floivs from operating activities Cash generated from operations 26 2,100,657 213,033 Investing activities Purchase of tangible fixed assets Proceeds from investnieiils in sliort lenn deposits Investments in short term deposits Investment income received {39.767) 92,568 (1,713,473) 33,019 (4,877) {92,568) 11,477 Net cash used in investing actlvities (1,627,653) (85,968) Net cash generated from financing activities Net increase in Cash and cash equivalents 473,004 127,065 Cash and cash equivalents al beginiiing of year 1,003,040 875,975 Cash and cash equivalents at end of year 1,476,044 1,003,040 R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 25 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accounting policies Charity information The Trent Rivers Trust is a charitable company limited by guarantee registered in England & Wales. In the event of the entity being wound up the meinbers are required to contribute an amount not exceeding £1. The address of the registered office is given in the legal and administrative inforniation in these financial statements. The nature of the charity's operations and principal activity is to to preserve, profrct and improve the rivers and streams of the Trent catchment and the biodiversity th¢y support, by maintaining and improving water quality by reducing the impacts of rural and urban land use upon watercourses. 1.1 Basi5 of preparation The tinancial stateinents have been prepared in accordance with the charity's Articles of Association, the Coinpanies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ircland" {"fRS 102") and thc Charitics SORP "Accounting and Rcporting by Charitics.. Statcmcnt of Rccommcnd¢d Practicc applicable to charitles preparing their accounts in accord]ce with the Fiiiaiicial Rq)orting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prin¢ipal accounting policies adopted are set out below. 1.2 Golng concern At thc tim¢ of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable futiire. Thus the trustees continue to adopt the going ¢oncern basis of a¢counting in preparing the financial statements. 1.3 Charitable funds Unrestricted fwids are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds ar¢ subject to specific ¢onditions by donors or grantors as to how they may be us¢d. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Lncomc 15 reco¥ni5cd when Ihc charity is Ic¥ally cntitled to it aftci dny pcrformancc conditions havc been met, the amounts can be measured reliably, and it is probable that income will be received. Donations are recognised once the charity has been notified of the donation, unless perforniance conditions require deferral of the amount. Investment income relates to interest income receivable and is accounted for on an accruals basis. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 26-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 Atcoullting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefiis will be required in settlement, and the amount of the obligation can be measured reliably. Expcnditurc is classificd by activity. Thc costs of cach activity arc madc up of thc totsl of dinxt costs and shared costs. including 5UPPOrt Costs involved in undcrtaking cach activity. Direct costs attributable to a single activity arc allocal¢d directly to that activity. Shared costs which contiibutc lo more than unc activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resoiirces. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impainn¢nt108s¢s. Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value ot the asset can be measured reliably. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their uscful lives on thc following bases= Plant and machinery OtTice ¢quipinent Website 200/0 Strait line 25 % straight line Thc gain or loss arising on thc disposal of an assct is dctcrniincd as thc diffcrcncc bctwccn thc 1C proceeds and thc CaIng valuc of the asscl, and 15 rccogniscd in the 51atcmcnt of financial activitics. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, Where deposits are made for a terni greater than 90 days, these are shown as current asset investments. 1.8 Financial instruments The Charity has elected to apply the proi'igions of Section I I 'Basi¢ Financial Instruinents, and Section 12 '0ther Financial Inqtruments Issue8, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets aiid liabilities are offset, with the net amounts presented in the financial stateinents, whcii thcrc is a legally enforccdblc right to Set off the rcco¥niscd amounts and thcrc is an intcntion to settle on a nel basis 01 to realise the asset and settle the liability sin1u1tleOU$Iy. BaJicfinan¢ial a55ets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 27-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 Atcoullting policies (Continued) B(Lficfinuneial liuhilitie. Basic financial liabilities, ITILluding Lreditors are initially recognised al transaction price unless the arrangement constitutes a financing transaction. 1.9 Taxation The charity is considered to pass the tests set out in Sch. 6. para. l of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK cooration tax puryoses. Accordingly, the cornpany is polcntially exempt from taxation in respect of income or capital gains received within categorics covered by Pt. I I, Ch. J of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 1.10 Employee benefits Thc cost of any unuscd holiday cntitlcmcnl is rccogniscd in thc pcriod in which thc cmploycc's scrviccs arc reccivcd. Terniinalion benefits ale recognised immediately as an expense when the charity is demonstrably cominitted to terininate the employment of an employee or to provide tem)ination benefits. 1.11 Retirement benefits Paymcnts to dcfincd contrib]Jtion rctircmcnt bcncfit schcmcs arc chargcd as an cxpcnsc as thcy fall duc. Critieal aeeounting estimates and judgements In the application of the charity's accounh'ng policie.q, the trllstees are required to make judgements, estimates and as.qumption8 about the carrying amount of aqsets and liabiliiies that are not readily apparent from other sources. The estimates and associated assuinptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The cslimates and underlying assumptions arc rcvicwed on an ongoing basis. Revisions to accounting estimates are reco¥nised in the period iii which the estimate is revised where the ievision affects only that period, or in the period of the revision and future periods where the revision affects both cu]renl and future periods. Critical judgements Project accounting The charity uses the input method to account for the deferred and accrued income on project fimds. with the perc¢nlagc of coinpletion being dctcrniined in rcfcrencc to th¢ costs incurrcd to datc on the project CoMp¢d to the cxpcctcd costs to complctc. mageMent arc thcreforc rcquircd to inakc judgcmcnts in the calculation of the accrued and deferred incoine regardiiig the costs to Complete and whether there are any project whi¢h are expected lo be in deficit overall. The ¢hariiy reviews these estimates and assuinptions as each project progresses. R$ Envdop8 ID." ENV302TO6-O72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 28 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 Income from donations and legacies Unrestricted Unrestricted funds funds 2025 2024 Donations and gifts 9,554 1,055 Income from charitable activities Ure$triCted Restricted Total VTrrestritted Re¥tTiCted Tot#1 funds fllnds fllnds funds 2025 2025 2025 2024 2024 2024 Income Charitablc activitics 1,850,059 1.850,059 6,080 2,167.027 2,173,107 Income from investments UrestriC UreStrICted fuThd& fuDds 2025 2024 Intcrcsl rcccivcd 33.019 11,477 R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 29-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 Expenditure on charitable activities Unre5trleted funds Unrcstrlcted fuDds 2025 21b24 Direct costs Starr costs Depreciation and impairment Conservation and education 909,757 23,254 825,280 898,128 7,110 1,048,052 1,758,291 1,953,290 Share of support and governance costs (see note 7) Support Governance 43,875 22,697 58,589 12,413 1,824,863 2,024,292 Analysis by fund Unrcstrictcd funds Restri¢ted funds 66,572 1,758,291 71,002 ,953,290 1,824,863 2,024,292 Support Costs allocated to activitie5 2025 2024 Support costs Governance costs 43,875 22,697 58,589 12,413 66,572 71,002 Analysed between: Unrcstrictcd funds 66,572 71,002 R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 30-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 Support Costs #llocated to attivities (Continued) 2025 2024 Governance costs comprise: Audit fees Accuuntancy Legal and professional 11,450 9,749 1,498 6,930 5,483 22,697 12,413 Trlet movement in funds 2025 2024 The nel movement in funds is slated after charging(crediting): Fees payable for the audit of the cliarity's financial statements Depreciation of owned Lqllgible red assets 11,450 23,254 6,930 7,110 Trustees During the year, one trustee (2024.. none) was reimbursed £269 by ihe charity for travel and accommodation costs incurred whilst carrying out their duties as a trustee. 10 Employees The average monthly nuLnber of einployees during the year was= 2025 Number 2024 Number 25 27 Employment Costs 2025 2024 Wages and salaries Social security costs Other pension costs 794,076 61,660 54,021 793,708 54,216 50,204 909,757 898,128 R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 31
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 10 Employees (Continued) The number of employees whose annual remuneration was more than £60,000 is as follows: 2025 Number 2024 Number £60,000 to £70,000 Remuneratlon of key management personnel Thc remun¢ration of kcy mand¥emciil p¢rsonncl was as follows.. 2025 2024 Aggregate compensation 215,874 205,402 11 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable pury)oses. 12 Tangible fixed assets Plat and achiner Officc equipment Web51te TotRI Cost At l August 2024 Additions 16,439 74,819 4,877 10,836 32,152 74,819 At 31 July 2025 91,258 4,877 10,836 106,971 Depreciation and impairment At l August 2024 Depreciation charged in the year 6,617 19,570 148 975 5,418 2,709 12,183 23,254 At 31 July 2025 26,187 1,123 8,127 35,437 Carrying aniount At 31 July 2025 65,071 3,754 2,709 71,534 At 31 July 2024 9,822 4,729 5,418 19,969 R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 32 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 13 Financial in5trument5 2025 2024 Carrving amount of financial assets Instruments measured at fair value through profit or loss 1,713,473 1,763,369 Carriqng amount of financial liabilities Measured al fair value through profit or loss Other financial liabilities 67,120 82,638 14 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Prepayments and accrued income 90,980 341,553 429,122 248,538 432,533 677,660 15 Current asset investments 2025 2024 Cash held on short lern] deposits 1.713,473 92,568 16 Creditors: amoullts falling due within one year 2025 2024 Notes Other taxation and social security Deferred in¢ome Tde creditors Other creditors Accruals 25,018 2,577,656 28,054 12,100 25,776 60,507 692,881 36,281 7,587 38,770 17 2,668,604 836,026 R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 33 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 17 Deferred income 2025 2024 Other deferred income 2,577,656 692,881 Deferred income is included in the financial statements as follows.. 2025 2024 DefetTed income is incliided within: Current liabilities 2,577,656 692,881 Movements in the year.. Deferred income at l August 2024 Released from previous periods Resources deferred in the year 692,881 (501,317) 2,386,092 561,352 {561,352) 692,881 Deferred income al 31 July 2025 2,577,656 692,881 18 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 54,021 50,204 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of thc schcmc arc hcld scparatcly from thosc of thc charity in an indcpcndcntly administcrcd fund. c.ontributions totalling L8,290 (2024 £7,587) wcrc payablc lo thc schcmc at thc ycar cnd and arc includcd within oihcr crcditors. R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 34-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 19 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l Au%ust 2024 Incoming resources Resources expended Transfers At 31 July 2025 People & Rivers Reducing Pollution Nature-Baqed Solutions River Rcsloration 66,284 147,216 200,567 62,552 222,176 (232,326) 168,872 (90,401 } 1,107,670 (1,081,973) 351,341 {353,591) 56,134 225,687 226,264 60,302 476,619 1,850,059 (1,758,291 } 568,387 Previous year: At l August 2023 Incoming resources Resourees expended Transfers At 31 July 2024 People & Rivers Reducing Pollution Nature-Based Solutions River Restoration 88,607 45,729 87,102 41,444 404,192 {419,549} 247,150 {157,158} 1,185,056 (1,073,465) 330,629 (303,118) (6,966) 11,495 1,874 (6,403) 66,284 147,216 200,567 62,552 262,882 2,167,027 (1,953,290} 476,619 R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 35 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 19 Restricted fund5 (Continued) People & Rivers.. This work area relates to our aim or educating people about our rivers and their current state and the huge value they provide to people and wildlife. It includes our citizen science work, our work with volunieers, our projects advocating for and improving the Trent Valley Way and broader community cngagcmcnt activitics linkcd to our sitc-bascd projccts. Reducing Pollution.. Pollution is a hugc issue for our rivcrs for the people and wildlifc that usc them. This arca of oiw work, works with famcrs to hclp reducc diffusc pollution Lauscd by a¥ricultural activities particularly targeting phosphates. We also liaise with Severn Tient water and local authorities around other forms of pollulion and how it should and could be reduced. This work area also ¢overs some of our landscape scale thinking such as the hosting of Catchment partnerships, liaison with the planning system and work with multiple landowners within particular, important catchments. Nature-Based Solutions.. We use funding for this part of our work to work with nature in partnership with landowners, especially through natural flood management, where we slow down the flow of water across the landscape to help reduce flooding downstrcam. This area of our work also includes tree planting, the improvement of riverside habitats and Ineadows and work that targets none indigenous species such as Himalayan Balsam. River Restoration: This work area uses restricted funds to help restore rivers in the Trent cat¢hment. It includes, improving fish passage, conn¢¢ting rivers with the floodplain, doing species sp¢cific work and site-specific projects that improve river habitats and seek to let rivers flow and evolve in a much more natural unrestricted way. Transfers Transfers of £nil (2024.. £13,369) have been made in order to ensure the brought fonvard balances e allocated to the appropriate restricted fund. R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 36-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 20 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanues of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designaled funds ivhich have been set aside out of unrestricted funds by the trustees for specific purposes. At l August 2024 Incoming resources Resources expended Transfers At 31 July 2025 General funds Catchment sensitivity farniing BiodiN'ersity net gain Electrofishing PAP development Trent Gateway Farmer Engagement Citizell Science Comms strategy Enforc¢ment undertakings 388,470 15,736 i 0,000 1,572 5,242 4,676 1,253 4,094 (42,007) {3,635} {1,572) (5,242) {4,676) {1,253} (4,094) {4,093} 362,199 6.365 5,000 2,715 84,407 907 2,715 84,407 480,592 42,573 (66,572) 456,593 Previous year: At l August 2023 Incoming resources Resources expended Transfers At 31 July 2024 General funds Catchment Sensitive Farming Biodiversity Net Gain Electrofishing PAP Development Trent Gateway Citizen Science Regional SUDS Conims strategy Enforcement undertakings 438,153 18,612 (17,495) {9,098) (17,930) (563) (15,000} (10,916) {50,800) 9,098 17,930 563 15,000 10.916 5,000 (7,707) 388,470 5,000 7,707 2,715 84,407 2,715 84,407 532,982 18,612 (71,002) 480,592 R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 37-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 20 Unrestricted funds (Continued) Designated funds Catchment Sensitive Fanning.. Working with c.atchment Sensiiive Farming to develop landowner support packages and expanding our understanding of Sustainable Farming Incentive government grants. Biodivcrsity Nct Gain.. Thc dciwclopmcnt of mctric5 to cnablc thc tcam to sucY watcrcourscs on a iiumbcr of sitC5, Icading to, amoiig5t other5, valudblc input to Local Nature recovery stratcgies combined local authority support. Electrofishing.. The acquisition of additional electro-fishing related kit enabling us to develop the quality and quantity of our surveys to enhance our knowledge of fish populations in the Trent catchment. PAP Development.- Enabling an update and wider rollout to the Peak Angling Passport scheme including a valuable integration to an online facility with the West Country Rivers Trust. Trent Gatcway= Funding resource to address and engage ill wider conversations on Trent wcirs. a key issue for the charity due to the forniidable barrier they provide for fish. Fam)er Engagement.. To enable us to proactively talk to farn1ers about what the trust offers especially regarding biodiversity net gain. We have also used the funding for staff time to detennine how this communication could develop. Citizen Science.. Funding resource to examine our citizen science offer including the provision of River tly training. to enhance our volunteer policy and to focus on national initiatives such as The Big River Watch. Regiollal SUDS.. Development of our Sustainable Drainage Solutions model and incTease our understanding of SUDS through liaison with eonsullanls and was linked with our delivery of drainage projecis in Ihe Mease catchinent including at Meaqham. Comms Strategy.. To enable us to work wilh a communicaiions conqultant to provide a comms strategy and underLqke media training, which led to the employment of a communications Officer. Enforcement Undertakings.. Funding older Enforcement Undertakings in the Soar catchment and ill Staffordshire. Transfers Tran5fcrs of £nil (2024.. £58,507} havc becn madc to transfer cxpenditurc from d¢5ignated funds to general lunds. R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 38 -
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 21 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 July 2025: Tangible assets Current assctsl(liabililics) 71,534 385,059 71,534 953,446 568,387 456,593 568,387 1,024,980 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 July 2024: Tangible assets Current assetsl(liabililies) 19,969 460,623 19,969 937,242 476,619 480,592 476,619 957,211 22 Operating lease commitments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-¢ancellable operating leases, which fall due as follows: 2025 2024 Within one year Between tsvo and five years 12,542 39,417 12,042 50,792 51,959 62,834 23 Related party transactions There were no disclosable related party transactions during the year (2024- none). R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 39-
THE TRENT RIVERS TRUST A COLIIPANY LIMITED BY GUAIL4NTEE NOTES TO THE FIINAINCIAL STATEMENTS (COIITINUED) FOR THE YEAR ENDED 31 JULY 2025 24 Prior period adjustment In the prior period, a balance of £92,568 included as a cash equivalent has been reclassified to Lash held on short lerni deposit. This has been reclassified to reflect that amounts held in short tern) deposits with more than 90 days notice are not considered to meet the definition of cash and cash equivalents. The effect of the above reclassification is shown on the balan¢e sh¢et and statement of cashflows, reducing the cash at bank and cash and cash equivalents by £92,568 which is now shown as cash held on short term deposits. 25 Members liability The company is liinited by guarai)tee, not having a share capital and consequently the liability of meinbers is limited, subject to ai) undertaking by each member to contribute to the net assets or liabilities of thc compaiiy on windiiig up such amounts as may bc rcquircd not cxce¢diiig £1. 26 Cash generated from operations 2025 2024 SuLpIu5 for the ycar 67,769 161,347 Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairnicnt of tangiblc fixed asset5 (33,019) 23,254 {11,477J 7,110 Movements In working capital: Decreasel(increase) in debtors (Dccrcase) in cicditors Increase in deferred income 245,127 {87,249) 1,884,775 (46,699) 128,777) 131,529 Cash generated from operations 2,100,657 213,033 27 Analysis of changes in net funds The charity had no material debt during the year. R$ Envdop8 ID." ENV302TO6-o72S-CFAD-8l$3-DFFc 0610312026 20 12 PM UTC_ 40-
Registered Office.. The Trent Rivers Trust 2nd Floor, Middle Mill Darle Abbey Mills Darley Abbey, Derby DE22 IDZ Ireni rivers Irusi 9nqiiiiT8S@tr&ntriv8rstrusl.org Accounts.adrnin@tr8ntiTveislTusI.org UHY Hacker Young 14 Park Row Nottingham NGI 6GR Dear UHY Hacker Young, Date.. 06/0312026 This representation letter is provided in connection with your audit of the financial statements of the charity for the year ended 31" July 2025 for the purpose of expressing an opinion as to whether the financial statements give a true and fair view in accordance with the Companies Act 2006 We confirm that the following representations are made on the basis of enquiries of the trustee5, management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the following representations to you.. l. We have fulfilled our responsibilitt.es as trustees under the Companies Act 2006 for preparing fi.nancial statements, in accordance with the applicable financial reporting framework FRS 102 and the FRS 102 Charity SORP. We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate. and we approve these accounts for the year ended 31, july 2025. 2. Com letene55 of accountin and other records We confirm that all accounting records have been made available to you for the purpose of your audit, in accordance with your terms of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees, and members, meett"ngs, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain audit evidence 2nd have provided any additional information that you have requested for the purposes of your audit. 3. We acknowledge that it is a criminal offence to make a false statement in this regard, and where any director either makes a false statement- is aware that the statement is false,. is reckless in preventing RS Env0 ID". ENV2027Pts06-D72S-CFAD-8153-DFFC 0610312026 20 12 PM UTC
Registered Office.. The Trent Rivers Trust 2nd Floor, Middle Mill Darle Abbey Mills Darley Abbey, Derby DE22 IDZ Ireni rivers Irusi 9nqiiiiT8S@tr&ntriv8rstrusl.org Accounts.adrnin@tr8ntiTveislTusI.org this statement,. orfails to take reasonable steps to prevent the directors, report from being approved, we acknowledge that each director will be guilty of a criminal offence. 4. We confirm the charity has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements. 5. Si nificant ud ments and assum tions We conlirm that the methods, significant assumption5 and data used by us in making accounting estimates, and the related disclosures, are appropriate to achieve recognition, measurement or disclosure that is in accordance with the applicable financial reporting framework. We confirm that we have no plans or intentions that may materially alter the carrying value and, where relevant, the fairvalue measurements orclassification of assets and liabilities reflected in the financial statements. We confirm that the charity has no liabilities or contingent liabilities other than those distlosed in the financial statements. tion and Claims We confirm that all known actual or possible litigation and claim5 whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework. Subse uent Events We confirm that there have been no events since the balance sheet date which require disclosing or which would materially affert the amounts in the financial statements, other than those already disclosed or included in the financial statements. Related Parties We confirm that we are aware of the definition of a related party for the purpose of the accounting framework being applied in the preparation of the accounts. We confirm that there have been no material transactions with related parties. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework. Credit and Loan Facilities We confirm that the charity neither had at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including advances and credits granted by the charity) for trustees, nor provided guarantees of any kind on behalf of the trustees. RS Env0 ID". ENV2027Pts06-D72S-CFAD-8153-DFFC 0610312026 20 12 PM UTC
Registered Office.. The Trent Rivers Trust 2nd Floor, Middle Mill Darle Abbey Mills Darley Abbey, Derby DE22 IDZ Ireni rivers Irusi 9nqiiiiT8S@tr&ntriv8rstrusl.org Accounts.adrnin@tr8ntiTveislTusI.org We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements. We confirm that the charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance. Non-com liance with Laws and Re ulations We confirm that we are not aware of any possible or artual instsnce of non-cornpliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity's ability to conduct its activitie5 except as explained to you and as disclosed in the financial statements. Internal Controls We acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the organisation. There have been no deficienties in internal control of which we are aware. Fraud We confirm that there have been no artual or susperted instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by trustees, former trustees, analysts, employees, former employees, regulators or others. Goin Concern We confirm that, in our opinion, the charity's financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. In reaching this conclusion, we have considered all relevant matters of which we are aware and have considered a period of at least one year from the date on which the financial statements will be approved. Misstatements We confirm that in our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole. A list of the uncorrected misstatements is attached to this letter. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income. We confirm the following specific representations made to you during the course of your audit relating to the following. RS Env0 ID". ENV2027Pts06-D72S-CFAD-8153-DFFC 0610312026 20 12 PM UTC
Registered Office.. The Trent Rivers Trust 2nd Floor, Middle Mill Darle Abbey Mills Darley Abbey, Derby DE22 IDZ Ireni rivers Irusi 9nqiiiiT8S@tr&ntriv8rstrusl.org Accounts.adrnin@tr8ntiTveislTusI.org We confirm that the Severn Trent Water amount5 received from grant agreements should be deferred rather than recognised in the year received. It is the view of management that all loss making jobs have been identified as at the year end, as such, there are no losses to be recognised in the current year in relation to future job losses. We confirm that the accrued and deferred income balances are an accurate reflection of the progress of the job as at the year end, this includes the use of full cost recovery in relation to the income recognition. We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that.. so far as each trustee is aware, there is no relevant audit information of which you as auditors are unaware,. and each trustee has taken all the steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to estsblish that you are aware of that information. 6. We acknowledge that it is a criminal offence to knowingly or recklessly make you as an auditor, a statement (oral or written) that conveys, or purports to convey, information or explanations that you require in your capacity as auditor, or are entitled to require, that is misleadingft false or deceptive in a material particular. Costs of insurance and indemnities We confirm that the charity ha5 not entered into any policy of insurance against105s arising from the neglect or default of any Trustee of the charity, or into any arrangement indemnifying any Trustees of the charity in respect of the consequence of such loss. Yours faithfully Signed on behalf of the Board of Trustees Mark Owcn Trustee................................. Date...Q.l.1.9.3.12.9.? A............. RS Env0 ID". ENV2027Pts06-D72S-CFAD-8153-DFFC 0610312026 20 12 PM UTC