REGISTERED COMPANY NUMBER: 04260195 (England and Wales) REGISTERED CEL4RITY NUMBER: IIYJ4613 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 2024 FOR WEAR RIVERS TRUST (A COMPANY LIMITED BY GUARANTEE) BMT Ribch¢sters Account}ts and Business Advisors Finchal¢ House Belmont Business Park Durham DHI ITW
WEAR RIVERS TRUST CONfEIYTS OF TItE FINANCIAL STATKMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of tbe Truitee$ Independent ExAmlner'$ Report io St*¢ement of FAnantlal Activities Balan¢e Sheet 12 to 13 Cash Flow Statement 14 Iyotes to Ihe Calh Flow Statement 15 Notes to the Flnanclal Statements 16 to 27
WEAR RTVERS TRUST (REGISTERED f4UMBER: fr426b195) RF.PORT OF THE TRUSTEES FOR THE YKAR ELYDED 31 ThL4RCH 21)24 The trnstees who are also directo of the Charity for the purposes of the CowpaDies Act 2006. pruellt their report with the fmancial slat¢rnen15 of the charity for the year ended 31 March 2024. The bustees have adopted the provisions of Accountin8 and Reporting by Charities.. Statement of Reconun¢nded Practice applicable to chatitie5 prepariDg tbeir accowils in accoTdanc¢ ivith the Financial Reporting Standard applicable in the #Thd Republic of Ir¢land {FRS 102) (effective l January 2019). The trLlStees present tlLeir report and accounts for the year ended 31 Marcb 2024(12month period). The fanCIal slalcmenls have been prepared in aecordgn¢e with the aoUnting ptslieies set out in note I lo the fmancial stal¢mcnts &nd comply with th¢ Companies Act 2006 and the Financial Reprting Standard for Small Entities (2015) Charili¢s SOIiI) OBJECTtVES AND ACTIVITIES Objectlves and alms The charitllble obje¢lives for which the Wear River5 Trust (WRT) w4s established are". To conserve, protect and rehabilitate and improve the landscape, rivers, streams, watercourses and water impoundments of the wFLole W¢aT calchnienl, C0-[Aarn including Weardale, the middle alld loiver Wear, all tribularics and adjacelll estuarine and coastal areas and waleis. To advance the education of th¢ publi¢, or any associatioTh, company, loeal aulhority, administrative or governmerjl agency in the und¢rslandino of rivers, eorridors and calclllnenls, including their fauna, econotnic and social ¢ODtexl activity, comprising river calchmenl maiiagem¢iil. To provide a greater Lin¢Lrslanding as lo th¢ need and beiiefils of conservation. protection. rehabililaiion, and improvement of aquati¢ enviroilmeuts. These objeclivcs musl bc seen in the context of the 8lobal Glimate change emergency. WRT es part of the national Ilivers TrLigt netsvork, as host OF the Wear Calchmenl Partnership (WCP) is w(Kking al th¢ local scal¢ lo support the global impcraliv¢5 of both miligAling and rnanaging the COllsequen¢¢s of cliniale change. WRT promolcs and delivers practical measures throiigb Ibe Wear CalGlunenl Management and Action Pians to improvc inl¢graled urbaii 2nd njral land, surface water 8nd groundwatrr mana¥emenl, seqiieslering carbon, irnproving drought r&silience, and redu¢ing flood risk. In accordance with Section 17(5) or the 2011 Charities Act the trustees have paid diie regard lo ¥uidanee issiied by the Chcirity Comniission in deciding what 8clivities Ihe ¢harity should und¢rtake. Ail activiti¢$ are undertaken to fvrther our ¢haril&ble pUoseS for the public b¢nefil. The TTUSI rclies on i'olunleer5 to collect monilorirtg data, carry oiit practical lasks, siipport edii¢aiion aclLvilies and lo develop and Tnaiiage projects including throLigh local commLinity groiips and rLehvorks. All volunteer hOlS ar¢ recorded and used ag match fiinding to siipport fvnding applications. Page I
IVEAR IUVERS TRusf (REGISTERED NULtrtBER; 04260195) REPORT 01 THE TRVSTEES FOR THE YEAR Ef4DED 31 IWLIRCB 2[124 STRATEGIC REPORT Achievement and performance Char112ble ActiTAtie$ Trust ireclor Succ on Coniin ilien The chair of Truslecs relirel after ving 12 months, notice, at Ibe October 2023 AGM and was succeeded by Graham Bell. Joyce Moxon &150 retired,. Michael Siddle was confum¢d lo the knard with auoihcr prospective Trustee appointment in proce. The Trust Director Peter Nailon announced his desire tL) retire in April 2023, his plan was to step dowTr as Director in October 2023 and take up a new role of Strategic Fullding Diteclor. All interview process took place in September 2023 and Kirstie Hutcliinson was successful iakin¥ on the role of Chief Operatin8 Onicer from Ociober 2023. Kitstie Hlttcbinson was an internal candidate who has worked for the Trust since 2017 in the capacity of Office and Finance Manager. Peter Nailoo fijlly retires OD 30th Juu¢ 2024 with Kirslie Hulcbinson toking over os Chief Executive OtTiceT. The staff team contillues to bc llY hom¢ based following Covid, Ibe TTUSt how¢v¢r as On office hub based in Bishop Auck]and for staff to use for meetings or working together. This ha5 been an itnportant developn]ent as some staff feel isolated working from home ¢OllStanily aod wefer face to faGe meetings alld ivorkino in An office ellvirollment. folloiving Kirslie Hiitchinson's appallilment as Chief Operating Officer there has bun ¢hanges rnade lo the leAm stru¢ttir¢ lo enable progression aDd developrnenl. The Trnst now has four teams, Ediicalion, Project, Agriculthre and BusiIiess. Each L.4Lm has its Team Leader who reports 11)to Paul AikinsDL who ha5 been projnoled to Program Manag¢r. TheK had previously been a series of challeiiges regarding staff tumovcr. To r¢duce this risk there have been several changcs including the new tearn sttuCtte that includes a new 5iipport officer tier, a seTrior officer tier and a team leader iier. Recruitment is lloiv focused on the siipport officer tier, where traLg is provid¢d, alld progression and development 15 encoura8ed, TOIL has also been introduced a8 well as the introduction of a Mental Health and Wellbeing tnitialive. To fiirther stt'engihen organisolional structLires and pro¢c55es the Tnjst ba5 oulgourced ¢xlernal support to assist with the management of tnforniation Tecbnology security, maiiilenance and developtllent, Hiunan Re5011rces aiid Health & Safery Management. This approach has made available specialist expertise not avaiIable inlemully from within the staff team, PToved to be cost effe¢tive and has enabled the Trust lo ¢on¢elltrale MIRT reS0c¢S and focus Its own key organisaliollal objectives and specialist area$ of experti$e. A new Project Mana8ement Soft%vare package, Corelime has been introduced lo enable th¢ effective running of proje¢ls rinan<ially and delivery of objectives. The Tn151 has also under8one a rebranding exercise lo cotiimLinical¢ change inl¢Thally and exlemally lo change negaiive peT¢eplions and rebuild reputation. The neiv branding h8s ineorporaled Ihe Trusts four concepts, Education and Engagement, Agriculture, River Ivater Quality and Biodiversity and ConseTvalion. The rebrand also represents the oroi*'ih oftlie Tnist ond iises a iieiv t<1Q line 'lVear Coi)seii'iiio'. Th¢ Tnjst coiiliniies to proinote partnership Ni'orking, primaLily tolIgl tlie W¢ar Calclunenl Partnership (IVCP). The deyclopmenl ol Thriving Cotchmenls (TC) r¢prosonls a most sigmificanl straltgic oppo(ttinity lo siipport Northiimbri8ll Nvater in rlie delivery ol Nattu"e Based Soliilions lo benefit ivaler quality and Ihc ivider environment, leading LIP to and thmugli tlie next OFIVAT reilted Nvaler Jndiisty National Environmeni PlÈii (W.F) 2025-2030 and 5ubseqiienl VJNEPS. A li'l10115 oivned coinpany Iveai. Eni'ii'onmenlal Resoiii¢es Mancigenient (IVF.IiMI conlii)Iies to be dEI'elope(I lo deliwer environniei)1<i1 Ivorks on a coirniieicial r<iilier thali ant basis for the comiiio financial year. All profits ari5iiig M'ill be donated to Ilie Wear RiN'ers Ttiisl. The Trust 15 CLicni1Y rc-WTiling a S-ycar Hu.%incsS plan 202) to 2030, Col011datlI1g its piitpoie, Vdliits, govemance & 5tnicnire, aims & obje¢ti&'es, forecast 1L Ctivity niid fiinding. Page 2
IVEAR RIVERS TRUST (REGISTERED NUMBER: D4260195) REPORT OF THF. TRII.STf.F,S FOR THE YLAR ETr4DED 31 MARCH 21124 CbHritAble Aedvltles Sustalllable Funding to Deliver Charitable Objectives The Iectuitment of the new Chief Operating Officer has seell a ¢haLge in focus lo explore strateC fiu)ding for 2024 and beyond. New relationships are Ixing developed lo ensur¢ the Trust can move forward iviih larger landscape proje¢ls with long-terni funding OPPOLtunities. To deliver its charilg.ble aims and objectives NVRT rnusl achieve financial raqilience, through the mdintellance of ¢ore reserves in line wiib ili¢ Charities Commissioll guidelines, to be 5Ustsillabl¢ in the unpredictable, complex and cotnpetitive fidIng environment, The Tntst l5 redoiibling efforts to redu¢¢ dep¢ndence on pmjecl-tentred funding, lo build unrestii¢ted funds, providing enhanced operational flexibility with redLic¢d adminislrative costs. To do this the Trust continues to develop Tclalionships lo atiTicI funding from the busines8 aDd the iYid¢r ¢ommw)iry lo support proj¢cl delivery in order lo reduce d¢p¢lldence on project specific fiding. This approacb remains ODgoitLg as th¢ Trtl r¢rn&ins dcpendent upon project Splf1¢ ndIng frorn a rang¢ of sources. The Trusts core mission, valiies and tIVitIeS are reflected across all media on a dnily basis.. rediiciDg flood risk. improving ivaler qiiality and drought resilience, eT]han¢ing biodiversity and wolking with kners lo store carbon, all whilst siipporting pubhc access and ¢njtsym¢nt of Nattire. The NVRT website https',Ilwear.riYeis-ts1.org.Uk is linder eonliniial development as are WRT social media plarforms to shoiicase Trust prinrilies and activity. Inleraclive Siorymops has givcll visibility of the whole Wear calchm¢nl characletistics and by individual siib calchm¢iit. Deliverables 2023- 2024 Ivenr Catcbmeiil Partnershlp Fuuded by Defra. Th¢ Wear Rivers Trust IIVRT) has hosted the NV¢ar Catclunent Paitncrship (WCP) sinee its inccption in 201 l. The NVCP continues lo develop alld 8ttracl neiv menibers. Th¢ Steering Group eornprises.. IVRT, Siind¢rland City CoLin¢il (Chair), Environrnent A(tency, Ditrham County Cow1¢il, Herilage Coast Paiin¢nbip. Seas¢apes, Durham Wildlife Tnisl, North Pennines AONB Partnership, GroimdwoTk North Easi and Ciiinbria, Northumbrian Water Groiip, Diwham University, Dwhim CaihedJal, The Auckland Project. Woodland Trl1, Forestry Conunissioi), S115tainability North East and East Durhoni Coll¢g¥. The WCP exists to plin, eo-orditiate and deliver integrated enviroNnental project& delivering multiple benefits iviih greatest efficiency. The IVCP hds also Lindergone a revieiv with a siiNey goiD8 OLlt to all pariTJers ivith the resiilts detemiiiiing ¢hange and a series of workshops have been Sel foT all partners to develop a i)ew Catchment Partnership Plan for 2025-2030. Thc WCP 15 also ldergOing a brai)ding exercise and is develtsping a ivebsite. Link'5 1Tr'itli Nature Fiinded by the Nalional Lottery Heritage Fiiiid and .Siii)derlaiid City Coiii)¢il. An e¥ample of a IVCP partncrship project. Tlii5 is a staoe 2 dclivery pliase piDje¢t, to delik'er coiiimiinity engagcnienl and pttrticipalion around hi< bit1( t ci'ealion and impLovemet)t Rcr055 13 SCC sites in Il)e Siii)derlaiid co&lfi¢ld area. SCC and DLirliLlI)) Nl'ildlife Tnist aTe tlie SeL2d p&rtneis, 5lJPPOrted by IVRT, The project nins thJoiiDh to Marcli 2026. Education.. General Funded Ihroiigli The Toni Coivie Charit&bl¢ Tnist, DLlI"h2¢ 111 CoLinly Coiiiicil and individual scliool5.
WEAR RIVERS TRUST IREGISTERED UlBER,,1I416oI9s)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Calctullenl-wide. The education team continued lo work across the catc]uneDt with specifLe blocks of work ID several
areas and ad-hoc session5 throughout the rern&inder of the Wear. Schemes of work and curriculum links have been
developed lo give schools a wider set of lesson ideas to enhance the provision delivered by WRT cdEtcalioD officers.
With the creation olNVERM the education tearn hopes to develop and mad(et the sessioThs lo schools iii a more joilled up
way with a ¢oie offer.
The SafeguLrding policy was renewed. incliiding a structured qiiarterly Teview process reporting as 8 SIdard agenda
item al WRT Board meelings.
The WRT Education Teani is successfijlly expaDding activity, particularly in ttLe largel areas of the Gaunless catchrneDI,
S*anl¢y. ihnjugh the SUDS+ project and Sullderland, biit A150 including other across the calehmenl.
Educatlon: Gaullle5s. Fun and Food
Funded by the Bishop Aiickland and SILildon Area Action Partnership.
Futi and Foi)d is a fiLnd nianaged by Durhani County Council lo provide sch(K)I holiday aclivilics Énd rood. The aim of
the fimd is to rediice holiday hunger and largels children on free school nieals. Our eduGalion team has worked with Th¢
Auckland Projccl and Shildon Alive lo hold sessions in the GailesS catcluneni during ihree school holidays. Parent$
and ¢hildT¢n have enjoyed Ili¢ mix of craftsj games ond toasted nwshmalloivs. Collkments attached lo our feedback tree
have been excellonl with mRny childrLn attending each holiday.
Educalirbn: Gaunless. John lUIr Aivard
Fuiided by Bishop Au¢k]and and Shildoll Areu Action Partnership, Wellesley TtU8t, Willan Tnisl, Gaunle5s Gateway.
Fiindino is in plae? to deliver the John Muir Award where learners explor¢ nare, lake u¢lion lo conservelenhance and
lo reflect on the experience, Schoo15 chose from a menii of options across 5 day prograrnmes.
Educatlon: Sunderlllnd Rlver Sebools
Fiinded by Th¢ Sir Tom Cowie Charitable Tnisl.
The Sept 2022 to July 2023 programme wa5 expanded to 12 $¢hools all rec¢ivllig the ui-5chool inlroduclory session and
Harehope d&y in Iveardale ivilh 7 of Ihe schools P
WEAR RIVERS TRUST (REGISTERED NulBER. D4260195) REPORT OTr, TIIE TRU,SI'EES FOR TILE YEAR ENI)ED 31 MARCH2I24 This was the third year of a multi.year PTojecl running until March 2027. The aim is lo develop wj it)novalive comrnunity-bas¢d approach toward the implementation of Sustainable UibaTL Dr8ma8e System (SUDS) installations inlo host community and measuring community benefLt from the SUDS. At th¢ end of the project a lemplale will be developed with th¢ potelllial for national applicatioll. WRf5 role in tbe PT¢jecI is lo engage the community with the location design and long-terni maint¢nance of stNctures. This out¢ome is being achieved Itwough the facilitation of infonnalion and consultation events. liaisiDg be¢ween technical specialists local business at)d community stskeholders. The profile of SUDS and Ihc wider water cnvironmellt is being Taiscd through specia]i5t River School education sessions with local primary 8nd seeondary schools, together with the d¢liv¢ry of habitat in)provement$, with a core flood management tbeme deliYeTed by volunteers irh the Sianley Bum headwaters. See Hom¢ SUDS (statdeysiids.co.uk) IVeardal¢ AbAndoned l¥Ielal Mines OVAMW Containment of eontAmiDated sedimenl$ from hlstorlc rnetal n]ine$ Funded by The Coal Authority, WRT contuiiies lo siipport the Coal Aiiibority in monitoring discharges from Csmbokeels and to iDspecl and maintain existing pollution containment installations in the Kilihope and Middlehope catchments, Th¢ Trnsl has coMpled feasibility SdieS examiThing ingress of sillfa¢e ivater to Park LKvel rnine at lIhOpe and Shambeny Mine impaeting Eiiden Be¢k and Bedbum and conlinLl¢S lo siipporl monitoring along RookhDpE BiTh. Further details can be found al htips.'IIwMv.8ov.lddgovemmenUpiibiicationMetaI-mIne-water-Pol1ll1lon-Inve$ti£al10ns-in.ti)e.nVtr-WCar-cALChmCnIlriv ¢r-wear-tchm¢Dl-Metal-Mlnc-water.poljut1On-)nVcsIIgat1OnS Agricultural Land l¥Ianagemei)t: General Funded by various funders. Ttse managenient of agriciilttaI land continues to be o key Tnist priorily. AgricUlLal Soils cover 70% of England's land area, Soil stnicture and soil l)ealih are critical in the effectiv¢ iiiaiiagemenl of ecosyslem servi¢e5, inclding carbon capNre and storage, biodiversity protectioii and cthancemcnt, flood risk, drought T¢sAlieuce dud water qiiality. I¥IEIF Old Durbam Bèck FLind¢d by the Environment Agency. This IVEtF projccl comprise5 one phas¢ of the resioralioii of Old Durhaln Be¢k, fO¢SsIng on land management and the eeosyst¢m services available tILrou8h improved soil health, benefLtting biodiversity. MILter quality, flood risk and droiighl resilienee. A conlinualion WEIF bid will also be developed for 2024-25, 10 addr¢ss multiple barriers to fish pa5sa8e. These barriers ivere identified Ihroughoiit the Old Durham Beck system Ibrough the Jeroen Tummers Dutham Ujiiversity PhD study, slirViSed by Mart1 Liicas, Ivl)ich is informing a CLLrrent EA IVFD data and slattis revieiv, IVEIF Soils Implementation Fuiided b) tile lli Iiki."orniicni Agenc>'. The rnanagcnienl of agriciiltural soils is i'ecogiised as the Single m051 ¢rilitdl factor imp2Ctiiig a Tcl1)ge ol tcosyslen) serpices, incliiding wter qiiality, as defined Ihroiigh tlie Walcr Frameivork Direclive (1%DI. Thi5 project presents an oppothinity to biiild on existing flln))er networks developed thToiigh previoL15 IVEIF projects and N'orthumbria IVateI5 Broivney Phosphate Rediiclion proj£ci, deliveied over the la51 aroiind 8 y¢ar¥. Tl)is project fociise5 01) M'o IVFD ivalerbodie5: Sniallhope Biiim from Souice lo Broi%They Jnd Hoiiselop Beck fi'oin solCe to Wear. Both of tliese ivllterbodic8 have probable or confjrmed RNAGS r¢lating to agricliltiire Local F4alure Recoiery Sti'otegv Fiiiid¢d by l)iirham Coiiiily Couiicil
WF.AR RIVERS TRUST (REGISTERED NUMBER: 04260195) REPORT OF THE TRUSTEES FOR THE YEAR EE4DLD 31 MARCH 2024 An LNRS is a way of priottlising natLLre's needs on a more local and focused level. The strategy is ft blueprint for tbe r¢covery of nAtur¢, showing how and wheie we can support things like wildflower gta5slaDds, woodl&nds, weiland4 and new hedgerows across County Durbam. The LNRS will be used to guide and focus funding from a variety of sourc¢s, including the government's Biodiversity hTet Gain policy, Environmental Laiid Management schemes (ELM}. <11onBside other Potential cross-sector and private nding opportunities such Is ihose for woodland creation, natural flood maAagemenL and SpleS projects. WRT are headino up the SLib8roups Rivers and Ruting Waters and Wetlands, to eslabltsh priorities. measures and mapping. IVeard&le Farmer FAcilitation Grollp Funded by DBFRA. In partncrship with the North Pet]neS AONB Parniership the facililalion group provides a foru]n for fam)er discussion wilh exp¢rt speakers. This initiative Oims lo infliience the adoplion of best praclice on topi¢s including Natural Flood Managetnent, Rolalional Grazing, Mapping habilal connectivity, Soil Health, Pasiure Managejncnt for Waders. Tiees o Fanns, Public Goods & ELMS. Natural Flood Mlnagement (NFM) aDd Erosiun Control Funded by Durhan] County Council (DCC) and Pamiing tn Protected Landscapes IFJPLI DCC conmiissioned the TNst to investigate flood risk options and make recoTrnendation3 for rniligation aclioiL8 10 reduce flood risk from the Hedleyhope Burn arOLd Esh Winning and ar Io¢aiions in IVeardal¢. mainly aroimd highway flooding. Tree PIAndng Funded by North East cOnlLlty Forest By planting trees and bringiThg woodlands back into use for both pcople and wildlife il provides new oppoi1iillilies for l¢isiire, recreation, and ciilttwal activities, eithan¢ing biodiversity, helping us becon)e more tt5ilienl lo climate cl)an8e and improving ediicalion and healthy lives. Ivear Jnvaslve Non-NallYe Species (IVIPINS) Project Fimding., Postcode Lo¢al, DurhaDI Uwversity. NWG Brilliehout, DuTham Catbedrnl, City of Durbam Parish Coiincil, Diiiham Wildlife TNst. Durham Area Actioi) Pannership WRT continues lo cnoa8e at the reoiDnal level, ¢oordinaliiig activity with other Rivers TrLisls from the 'fiTreed to the Tees. Active management in the Wear calchinent continiie5 to be conceiilrai¢d on existing priority areas across the C<ltclin)eKLI, P<llticiilii I'IV iii the Ciilckniicni lieadikiL lei'R in Upper iifeardale. Tlic Broi¥nev and Ciaiinl¢i8iL ale alsii prioiity. C¢llcliiiient5 ali.un=d ik'iili il'idr finn and habilai ii)Iproi'ement. 1111'asii'cs nanaglne1l[ is also (I poiI'cI'ful coiiiiiiunity, enga8¢tiienl driver for tl)e Staid¢y SiiDS project. Pirtington Beck in the iipp¢r Old Di1)aM Beck system has b¢¢n identified as th¢ Source of Giant Ho8weed, suppl}iiig seed for inf¢slation into the Diirliani Peninsiil& Ivorld Heritage Site aiid downsli¢an), all Ihc ¥vay In Siindei'laiid. I'he Tnist Cotitiiiues Ic) ivoik ivitli 10¢1£ I landoivncT5 to treat Ilie 50urce artras, Ivitli significant and ongoing ]pport froin range of fiinder5. The Diu'hi?In Peninsiila has become lin important foctis foi. invasivcs inanageinent, iinproving riverbai]k' access ai)d ameniiy in this iconic li< ndscape. siii)portiiig Ilie proposed exte115ion of Ihe Il'oi'ld Ilerilage Sile. IVRT is ii'orking ii'itli, lid behveen, Ilic holdings of tlic iJ)aii) peiunsula landowiiers and WCP P1( rtners.. Durhatn Cathcdtal, Uiiiversity and Coiinty Coiiiicil. Oihcr Ioc<l1 P<lrtiiers incliidi Ihe City of Diii.Iiain Pai-isli Couiicil, Cily of Diirh.2m Ti'iisl, pliis li,1ng, aiiglilig and coniniunity clubs aiid groiips. Is'hich tooether fonn ali important coiiiniiiiiily of iiiteiest. This commiinily of inl¢resl is cxtending the nieasiireinenl and management of plasTICS poIIILlioi) from tl)e World Ilerilag" Site aiid down51ream. A proposal lo desigii and iniplemenl a barrier iti Diirliam City ro ii)lercept and extrael plasti¢s is iiiider developiiienl. Pag¢ 6
WF,AR RtVERS TRUST (REGISTERED NU]BER. 04260195) REPORT OF THE TRUSTEES FOR THE ITAR ENDED 31 MARCH 21)24 Thrlvlng Catchments Funded by Northumbriall Water Group (NWG) and The Rivers Trust (RT). Triving Catchments is an exciting strategic partnership between Northumbrian Water atLd The Rivers Twsl. Previously known as the North Eosl Calchmenls Hiib, Thriving Catc]unentS is aD exciting and iT0VatIVe new appioach where wastewater tteatment investment 15 acbievcd iising natural and catchment based soliilions. These catchment and natte-baSed solutions dcliver multiple ben¢fils. lielping lo deliver better outcorne$ lo water qiiality ivhile a150 itnproi'ing biodiversity for Ihc benefit of nattlre and local commw)ilies. This work is being d¢livered over four phases, and we're currently in phase ttvo of the projeel. This phase, Ivhich commetL¢ed in September 2023 aud will run until March 2025. will support Ihe developmellt of our proposaLs for calclunent activity, while biiilding rcgioiial capacity alld capabilili¢s for deliverin8 these exciting projects in the North East. To a¢hi¢v¢ this, we will coordinate and lead on calchmellt activities over 50 ivaledjodies including the Till & Tweed, Northumberland Rivers. Wear and Tees management catchments, This 1[[ support our work toward5 achicving Nvaler Framewoik Direciive (WFDI 'Good' Status for pl)osphale and Dutrienl neuliality, ijicluding managing eollaboralive delivery of improvements and int¢ryentions. Delivery aclivitics will be led by NorthLimbrian Water and thc Rivers Trust, iiriih 5UPPOrt and collaboration with key stakeholders such as the Tee5, Tyne and Wear Rivers Trnsls and the Durham Wildlife TSt, Engagement with regional aDd stakeholders at all lev¢ls throiigh our activities will be a key component of pbase two with tlie aim of d¢veloping strong ¢ollaboraliv¢ approache5 and pailicipatory community enga8emeiil, supporting our calchm¢nl and environjnental partnership5 51ial¢gy within the region. Bluesp&¢es Cut Throat Dene FLilld¢d by N'orthiirnbrian Water Group (NWG), Siinderland City Council and.SoiiihTyneside CounGil. 'I'his proje¢l will engige iviih local individuals, ¢ommiinity groups and local Sunderlgnd aiid South 'fyneside schools lo piiblicise the polenlial of CTD, as a "green lung" for the area. Through using ihB CTD environment as an cdii¢ationRI resource, it will help r&ise publirity awaren¢ss of the cOnnliVi1Y and ijnportaiice of Icrr¢strial, riv¢r and marine plastic pollution. Volunle¢riiig opp0thIlle$ will be provided including building leaky dams, stream litter clearances, and Himalayan Hilsam control, working through lo¢al schools 3nd eollrnunity groups e.g.. Boldoll Forurn. Illue$pace5 Hummerb8L,k And Gaunless FLind¢d by Northumbrlan Water Group (NWGI and Gaunle5s Galeivay. Tl-llb partn=rsliip pi'ojcct i¥'ill liaN'e a primapJ' focus of coinpleiiientiiig bd&=line ii'aler 4111< lil>1 iinproiieiiiciiis 111foLigli land Inanagenieiit llilerveiilions. The Humni¢r Beck eatchment is one ol the niosl intei)sively faimed )reas Ivithin the Wear and Il)ere is soine evideiicc of oi'er-gra7.Iiig and lack of banksidc niaiiagcmcnt. Fcncing is limited or li) poor ¢ondilion. Fly-tipping and agriciiliural polliilion l iveak land maiiaDemenl is recorded 1hrog0It Ilie calchnieiil (See siipporting dociiments). A FACTS and BASIS qiialified Fc21'1i1 Advisor INill biiild on exi51ing ielationsliips in the catchnieiil, engaging in technical disc115sions ai'oiind aiable aiid grassland Inan2gcn)eiil ai)d identifying opportlI1C$ lo impiove soil hettlih aiid ii'iiler iiifiltration, rediicin(J silt transpoil to ivaleicoiirsei, increJsillLt drought r¢silien¢e. and n)ititrating downstream flood risk. Opportunities for 01[inteer scale habitat iiiiprovement opportiinitics ivill be idenlified lo inletnipl run-off and to stabilise riN'ei'bic nks. Liai50n iyith catcnent Sensitii'e Famiing aiid fiitLiLe WEIF pPoSal lo EA coiild siipport larger scale Ci1Pltal inl¢rvenlioTkS, potentially aioiiiid f<irni infrastnicture. Bliiesi)l¢ ces Soutli Burii River Restoration Fiiiided by N'orthiinibtian Ivater Gioiip (NiifGI and Dui'lii2ni CouLIty Couiicil (IEQ. Pagc 7
IVEAR RIVERS TRUST (REGISTERED NUMBER: 04260195) REPORT OF THE TRUS"I'EEI S FOR THE YEAR ENDED 31 MARCH 2024 Habitat and access improvements, including InfrastCtUre repait, Inva5ives mapping and nianagement, tree maDaoenient, erosion conlrol. pond aintenan¢¢ across Daisy Hill Local Nature: l)ttps:1lw¥vw.durha.gOv.Ukhlledia1399llDa1gy-H]1I-NltUre-C5erydpdDD&1sym1lINaku¢Resme,pdlPm=63673564l87O 570000 aud Waldridgc Fcll sssI Site- hityS'.IAvV.dUrha[n.g0V.UklMedtd392o1Wd1drIdge-FeI]-CoU1j(ry-P8rkIpdfra1idg¢Ft1IcontyPark.pdf1m=6367356 42785570000 IVERM: NortherD Litbium IT provide a mollthly serviee to Northern Lithiurrj to monitor surface water and grnundwaitr to establish a baseline to infonn any application which may be made lo extract Liihiiun from groundwater its Weardal.. Flnanclal reiryeiv Flnanclal posffidon Incoming resources for th¢ year (12 monib period) were £579.839 {2023'. £484.188). Total resee5 for the year £118,981 (2023.. £154,202). It is the policy of the chartry tbat iinnstiicl¢d funds which have not been designated for a specific use shoiild be maintained al a levol ¢quival¢nt lo 6 months average expcnditlire. Thc trusl¢¢s cotssider IhAt rcserves at this level will ensure Ibal, in the event of a signifi¢ant drop in fundinE, they will be able to continue the ¢haritys cuffent activities while consideration is given to ivays in whicli additional [lS may be raised. Th1.5 level of reserves was not Ach]'¢vcd al the year ¢nd. Post year end new funding streams h8v¢ been se¢Lired and a Eull review of ¢&%h has been undertaken. The truslees are confident that the reserves policy ivill be rnel by 31 March 2025. STRUCTURE, GOVEIVIANCE AND I¥IANACEfvJINT Governin% document The charity is conirolled by ils go¢t[n¥ document, a deed of tn1, and ¢oDslitLite4 a limited company, limtled by guaranlee, as defmed by the Conipanies Act 2006. OrgaDlsAtional structure The organisation is a Charitable company limited by guaratLlee. The charity was ¢slablished in 2010 under a lemoiandiim of Association which defines ils obje¢ls and poivers and is governed by its Articles of Association. The Trnst¢e5, who are 8150 the directors for the PLtrpos¢ of coinpany law, and who served during the year were: Dr tvtarly]i C Lucas Mr Neil A51iforth Ms Joyce Moxon Mr George Gerring Mr David Hutchinson NIY Gralii?In Andreiv Bell IT Dan Briitoi) Mr Hamish Jolin Carter The charity is govemed b}. the TnJstee5 Ivho are recniiled based on Iheir expertisc and are local community. activists. Tnistees arc appoinl¢d by board resolulioi). Tnislees Iiieel oli a retsL]lar, basis lo ovei.soe Tiiisi soveniic nce, project development an(1 delivcry, financial inanageni¢L)t and 1111y Othcr issues of ijnpoilance to eI)siir¢ progress is niade iii line Iviih the or8an15alion's aiini vnd objectives. None of tl)e Tnislees have any beneficial ii)leresl in ihe conipic Iiy. All of the Inisle¢s arc nieniber5 of Ihe conipany aiid Biiaiaiitee to ¢ontribule £1 cach in Ilie cvcnt of a winding up. Tnislccs conliiiually assess Il)e n)ajor rigks to iilhich the charity is exposed. Tliey are satisfied Ihal systems are in place to miiigat¢ exposi1 10 the llliLjOT risks. Thr Ivear Rive."s Tnisl is rei'iewintr the governaiice lile Coniprising all reltvaiil policie5 aiid procediires. In,'eiTral risks aTe n)ii)imised by ihe separ1( tioii of dLilie5 Iviih aiithorisalion procedures in place for ali ti'ansactions. Page 8
WEAR RIVERS TRUST (REGISTERED NUMBER: 04260195) REPORI OF YIIF. TRU.8TEES FOR THE YEAR ETr4DED 31 I¥IARCH 2024 REFERENCE AND ADINIINISTRATIVE DETAILS Reglstered Company number 04260195 (England and Wales) Registered Charity number 11)94613 Re2lstered office Ground Floor Fincknle House Belnonl Business Pask Dutham DHI IIW Trustees NT Asliforth G W J G¢rring (resigned 2511012J23) Ms J Moxon (r¢$igned 2511012023) D Hiilehinson GABell D Britton H I Carter (resigned 2311012024) T Fe&rh¢rslon¢ (appointed 2511012023) K Lawson (appointed 2311012024) M T Siddle (appoinkd 311112024) Compan) Secretary N Ashforth IndependeDt Examlner David Holloway BA (Hons) FCA DChA PMT Ribchesler5 A¢¢ounlants &nd Business Advisors Fiiichale Hoiise BeEmont Business Park Durham DHI ITW Report of the tThsl es, directors, on ...11..l.: corporating 8 strdlegic report, approved by order of Ihe board of tn15tees. as the company 2(442 (k......... And sign¢d on the board's behalf by.. N Ashlorth- TrLlStee Page 9
INDEPENDENT EXAtINER's REPORT TO THE TRUSTEES OF WEAR RIVERS TRUST (RECISI'ERED 'UmBER. 04260195) Jndepelldent examlner's report to the ¢rustee5 of Wear Rivers Trust ('the Company,) I rep021 to th¢ charity twslees on my examination of the accounts ofthe Companyfor the year endcd 31 March 2024. Responsiblltties And bAsis of report As the charity's tsNstees of the Cotnpany (and also its dir¢ctors for the wupos¢s of cornpany law) you are responsibl¢ for the preparation of tbe ac¢ounl8 in accordance wilh the requirernenls of the Companies Act 2006 ('Ihe 2006 Act,). Having satisfied myself th21 the ac¢ounls of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for irLdepend¢nl exarninalion, I report in respect of my eXalall0 of your charity's accounts a5 carried out und¢r Section 145 of the Charities Act 2011 ('the 2011 Act,). In caEryiDS Dut rny examination I have followcd the DiTections given by the Charity Comniission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement SinLe your charity's gross incomc exceeded £250,000 your examiner n)U51 be a rnember of a listed body. I can eollfLtm that l am qualified to undertake the examination because I am a metnber of the Institute of Chartered Accounlaiils it) England and Wales, Ivhich is one of the listed bodies. I have completed n)y examination. I ¢onfJrni that no matters h&ve come lo my attention in connection wiiEL the examination giving me cause to believe.. accounting Tecords werc not k¢pl in respect of the COMpY as requiTed by SECtion 386 of the 2006 A¢l,' or the accounts do not aecord with Ih95¢ r¢cords' or Ihc accou]ils do not comply with Ihe aeeounting requirements of Sechon 396 of the 2006 Act other than Any requiremeIil ihat Ihe accounts giv¢ a t¢ and fair view which is not A rnatter considered as part of an independent examinaiion. or the accoun15 have not been prepared in accordance with the methods and prin¢iple5 Of th¢ Sial¢n]eDt of Reeotnmend¢d Practi¢e for a¢¢outiling and reporting by charities (applicable to charifies preparing Iheir accounis in accordance with the Finaneial Repo)1ing Staiidic rd applicable in the UK and RepLiblic ol Ireland (FRS 102)). E bave no concenis and have come a¢ross no oiher matters in ColectIon iviih the exarnination lo ivhicb att¢nlion sknoiild be driivn in this repoil in order to enable a proper und¢rslandittg of Ihe ac¢ounls lo be reached. David IlollowAy BA (Hons) FCA DChA RMI. Ribchesters Ac¢oiintants and Biisincsg Advisors Finchale Hou9e Belinonl Biisiiiess Pl< rk- Diirnani DHI ITW Date.. Paue 10
WEAR RIVERS TRUST STATE,NIENT OF FLYAClAL ACTIVITIES IIOR TEIE YEAR LTr4DED 31 MARCH 2024 2024 Total funds 2023 Tota] fid$ Unrestricted nds Restiicted fi]ods Notcs NCOME ENDOITrTrIEwfs FROMI Donations and legacies 31,962 31.962 30.436 CbArllable octivlties Conservation And Prot¢¢tion 26.691 517,690 544,381 452,457 Investm¢nl incotne 3.496 3,496 1,295 Total 62,149 517,690 579,839 484,188 EXPENDITURE ON Charltable actlvtties Conservation and Proltrxlion 89,668 525,392 615,060 544,032 T ThCOlwIExPEND[TuRE) (27,519) 17,702} (35,221) (59.844) RECONCILIATION OF FUNDS Total fvnds brought fonvard 74,436 79,766 154,202 214,046 TOTAL FUNDS CARRtED FORIVARD 46,917 72,064 118,981 154,202 Tlic notes forni part of these financial State¢t)IS Pagell
WEAR RtVERS TRUST (REGISTERED NUMBER., 04260195) 11Al.A'cf. SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unrcstrictcd d5 R¢stri¢ted fidS Notes FIXED ASSETS Tangible assets Lnveslm¢nls 21,308 21,308 19,552 l2 21,309 21.309 19.553 CURtIENT ASSETS Debtors Cash at bank 13 14,248 13,849 107,596 IU,388 121,844 24,237 132,368 15,150 28.097 117,984 146,081 147,518 CREDITOILS Amounts falling diie iviihin one year 14 (2,490) (45,919) (48,409) 112,869) NET CUIUIF.NT ASSETS 25,607 72,065 97,072 134,649 TO'I'AL ASSETS LESS CURRETr*T LIABILITIES 46,916 72,065 118,981 154,202 NET ASSETS 46,916 72,065 118,981 154,202 FUIIDS Unreslri¢ted fvnds Reslricled ftuLds 15 46,916 72.065 74,436 79,766 I'OTAL Fiif(DS 118,981 154,202 Thc charitable company is enlilled lo exeinpiion from audil Linder Section 477 of the Companies Ael 2006 for the yeai. elided 31 Mar¢h 2024. Tl)e membei'5 have not reqiiired ihe Lumpany to obtain an audit of its flliancial slalenieiils for the year ended 31 Marcli 2024 in accordance iN'ith Section 476 of the Conipanies Act 2006. Tlie tiTristi¢i (Icknoivledoe theii. I'esponsibililies for Dsiiring tliaL Ihc charitable compani }' kecps ¢iccoiinliiig records that comply iiitli Seelioi)s 386 aiid 387 01 Ilie Companies Act 2006 pnd PIEpaiing finaiici1i151alenients ivliich give 8 tiiie ai)d fail. vieiv of tlie slate of aFfaiis of iTrie charitable ¢omp2iiy as ,?1 tlie eiid OF each financial >efir and of iis SLlI'pILI.% or deficit for each financial yeLII- 111 Ei¢COTdaiicc ii'ith ih¢ reqiiirenients of Sections 394 aiid 395 and ivhicli otlieiTrvis¢ coniply with tlie reqiiireiiicnla of Ihe Coiiii?anies Act 21106 relaliiig to finaiicial sttilemeiils, so fi?r as applicable to thc clicli'il ble conwany. (b) The noies fon)i part ofihese finaiicial sialtn]ents conliniieil...
WEAR RIVERS TRUST (REGISTERED NUTrIBEIi: 04260195) BALANCE SlTrI,F.T- coDdnu¢d 31 MARCH 2024 These fmaneial statements have been Prepared iti a¢cordatice with ibe provisions applicable to charitable companies subject to the s1 companies re8ime. ancial ststement5 were approved by ih¢ Board of Tntte$ and authorised for issue .xl.1..2 J.£d.Z*...... and ivere signed on ils behalf by.. N Ashforth - rustee The notes fom) part of these financial State¢13 Page 13
IYEAR RIVERS TRUST CASH FLONV sTATE(ENT FOR THE YEAR ETr4DED 31 MARCH2024 2024 2023 Not¢s Cash flows fyom operatlng activltles C&th g¢neIaled froIn operations 14,601 (95292) Net cash provid¢d by/(used in) 0rating activities 14.001 (95.292) Casb floivs from Investing gctlvlties Purchase of tangible fLYed assets IIwL'base of red asset inv¢stments Sale of tangible fixed aetS Interest received 19,94(1) 112.015) (i) 930 3,496 1,295 Ncl ca5b used in investing aclivili¢s 15,514) (10.721) Change in cash 2nd c*sh equivalenls In the reporng peyiod C8sh c#sh equlvAlent$ at the beglnainE of the reporting perlod 9,087 (106,013) 15,150 121,163 Cash ond casb equivaleD15 at the end of the reporting period 24,237 15,150 The i)otes fomi part of these financial stalcmenls Page 14
WEAR RIVERS TRUST NOTES TO THE CASH FLOIV STATEfvSENT FOR THE IAR ENDLD 31 MèlRCH2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERAThYG ACTtVITIES 2024 2023 Net eipenditsjre for the reportlng perid (a$ per tbe Statement of Financial A¢tiYltfios) Adju5tttLellts for: Depreciation charges Inl¢r¢5t received Rounding Decreasel(incr¢ase) in debtors Increasel(de¢rease) in creditors (35,221) (59,844) 7,255 (3,496) 5,069 (1.295) 10,524 35,539 (12,626) (26,598) Net cash proidded byl(u5ed In) uperations 14,601 (95,292) ANALYSIS OF CHANGES NET FUNDS At1.4.23 Cash flow At 31.3.24 Nel ¢a5h Cash &1 bank 15,150 9,087 24,237 15,150 9.087 24,237 Total 15,150 9,087 24,237 The notes fom) part of Ih¢5e financial s1ol¢fftcnls Pagc l5
WEAR RtVERS TRUST NOTf,s TO THE FIP4ANCIAL STATEIENTs FOR TFIE YEAR 'DLI D 31 hlARCH 2Q24 ACCOUNTNG POLICIES Basiy of preparillg the finaDfÈal staternenls The fjnancial slaten]en15 of the charitable company. which is 2 public knefjt entity undcr FRS 102, have becn prepared in accordance with the Cbarities SORTr {FRS 102) 'A¢¢oiintiDg arnd Reptsrting by chill¢s.. Sialemelll of Recommend¢d Practice applicable lo charities preparintt their aGcDDnts in ac¢ordan¢e with the Finallcial Reporting Standard applicable in tbe UK 8Dd Republic of treland (FRS 1021 (effeeliv¢ l January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fiTJ8ncial stat¢menls have been preped under the historical tosl convention. with the exception of investmellls which are inoluded al market value. ncorne All incoming resources are included in th¢ 51alem¢nl of fuiancial activities when the chariry is &)litled to the come and Ihe amouul can be qualifjed wiib reasonable accuracy. Th¢ following sp¢¢ifi¢ poli¢i¢s ar¢ applied lo particular categories of income. Voluntary incom¢ is received by '[tY of donations and gifts and is included iii the full Sial¢Tn¢nl of Fin&n¢ial Activities when receivable. Investment in¢orne is recognised when ieceivable. Incoming resour¢¢s from granls, Ivbere related to pcrforniance aiid specific deliverables, are iccowiled for as the charity earns the right to consi(ILralioll for its perfomanee. Grants, where entitlement is not coi)dilional or related to the delivery of a specific perfom1an¢e by the charity. are I'ecognised when tlie charity be¢otnes uncondilionally enliiled lo the grilnl. Sponsorship income is credited lo thc Sialcmenl of Financial Aclivilics on Ihe dale of receipt. Expendlture Expenditure is recognised on an accrLials basis as the liability 15 incurred. Expenditure in¢lud¢s itrecoverable input VAT, and is reported as part of Ihe expenditLire lo wliicli il relal¢s. Charitable expenditure cotnprises those ¢osts Irlcired by the ch$2rity in the delivery of its activities ai)d service5 for 118 bencficiari¢s, It in¢liides both costs that can be allocated directly to siicb activities and Ihose costs of an indire¢t nattire necessary lo support Iheni. Other expenditLre incliides those costs asso¢ipled with meeting Il)e constitulional and slattilory requirements of the ¢lthrity and incliide the independent examinalioii fcc5 and costs linked lo the slralegic managenient of the rharity All costs are allocated behvecn the expendittire categories of the Slaleimentof Fin<iiicial Activities on a 1?I1.%15 de.signed to i-eflecl ilie Ilse of Ilie iesoiircc. Tanoible fixed 355e15 Depreciation is provided al the folloiirilig ai)IlLl¢l1 rales iii oi-dcr lo ivrile off edcl) dSsel oN'er 115 ¢51imaled iiseful life. Plani L1nd niachinery Fixttires uiid filliiig5 25 /D on cost IIY/o on cost T2Xlltion The cliclliry is =xenipl froiii coipor&ilion tax 01) its chaiirable activities. Fuiid accoLJnlin Unrestricted 1[1dS can be iised in ?¢cordaiice witli Ilie chai'itable obje¢tivt5 al Ilie di5CTelion o(Iliv Iniblees. Restricted (IiIids can only be used for parti¢iilar restricted piirpos¢s I11171 the obj¢cls of fhc cliai'ity.. Ilesliiclions aiise ivhen specilied by the donoi or wlien fiinds are raised for particiilai. resiricted piirposes. Page 16 conlinued..
WEAR RtVERS TRUST NOTES TO THE FtNANCIAL STATETrtENT,S-¢TrfAtinued FOR TEIE YLAR ENDED 31 TrIARCH 1024 ACCOUPITJNG POLICIES- eonllnued Fiiud af eountlng Futther explanation of the n&ture and purpose ofeach fund is included intbenoles lo the fllLan¢ial Statements. Penslon costs And other po$l-redrement benefits Tbe charitable company op¢rates a defed contribution pension sehcrne. Contributions p&yable lo the charitable company's pension s¢h¢m¢ ore Charged lo Ike Statement of Financial A¢ttvities in the period to ivhiclL they relat¢. Golng eoncern The accounts have been prepared on the gL)ing conc¢rn basis. The tru51ees have considered the fancial posilion and perfomiance of the charity includin8 a review of fvture cash flows. They are confident thal the charity is iti position to meet il& ¢on)mitments from Ihose ¢Ash flows. They have th¢T¢fore adopted the going conc¢m principle. DOJYATJONS AND LEGACIES 2024 2023 Donations 31,962 30,436 INVESTMENT INC0IE 2024 2023 Interest receivable 3,496 1,295 P*'COI¥IE FROLTrI CHARITABLE ACTIVITIES 2024 2023 Conservation Total activities Proie¢tion Grants 544 J81 452,457 Grfints received, included in th¢ above, are a5 folloiis.. 2024 2023 The Environm¢nt Agency Durbam Cowity Council Northiimbiian Ivater Cjroiip Liiniled Tlic liiNcrs Trust Int¢eg North Sea Rc¥iun Topsoil Project North Pennines AONL B Partiiership It0vale The Coal Aiithority, Other 102,582 199.342 16,144 4,548 14.965 31,957 10,736 26,691 37.416 104,444 163,302 30,496 49,186 14,965 13,555 25,551 50.956 544,381 452,456 Paoe 17 continued...
IVEAR RtVERS TRUST NOTES TO THE FINANCIAL STATEMEYI TS . continued FOR TUE YEAR ENDED 31 NLIRCH 2024 CUARITABLE ACIIVITIES cosrs Support costs {see note 6) Direct Costs Totals Conservation and Protection 517,436 97,624 615,060 SUPPORT COSTS Governance Costs Managfflienl Totals Conservation and Protection 95,344 2,280 97.624 riET INCOkME/IEXPEP*T)ITURE) Net incomellexpenditUTe) is stated after chargingJ(credittn8)'. 2024 2023 Independent Exan)iners Fee Depreciation - owned assets 2,280 7,254 2,110 5,071 TRUSTEES, RE]uNERATIoN AND BENEFITS There were no tNstees' remuneration or other b¢nefiis fDr the year ended 31 March 2024 nor for the year ended 31 March2023, Trustees, expenses Th¢r¢ ivere no ttwslees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 hlareh 2023, STAFF COSTS 2024 2023 Wages And salaries Social security Costs Other pension ¢osls 327.841 33.766 21.217 323.700 31,313 21.241 382,824 376,254 The average monilily iiuinber of ¢mployees durirbg the yedr as follows.. 2024 15 2023 l5 Ai'¢rage iiiimber of Staff The nun)ber of en)ployees lboSe employee benefits {¢xcliiding einplo}rer pension costs) exceeded £60,000 il'as.. 2024 2023 £60,001- £70,000 Page 18 continued...
WEAR RIVERS TRUST NOTES TO THE FINAP4CIAL STATEMENTS .¢Dlltinued FOR TIIL YEAIi Lf4DED 31 TrLCH 2024 io. COMPARATIVES FOR THE STATEi¥IEIYT OF FllYALYCIAL AcrtVITIES Ujmtricled fidS Restricted tunds Total filnds INCOME AND EP4DOIVIIENTS FROL Donations and legacies 30,436 30,436 ChAritable activities conservatt.on and Protection 174208 278,249 452,457 Investment income 1,295 1,295 Total 205,939 278,249 484,188 EXPENDITURE ON Cbarltable actlvllies Conservation and Protection 17B,266 365,766 544,032 riET llyCOIN1(EXPENDlTuRE) 27,673 (87,517) (59,844) RECONCILIATIOI) OF FUNDS Total lld8 brought forward 46,764 167,282 214,046 TOT AL FUNDS CARRIED FORIIARD 74,437 79,765 154,202 ii. TANGIBLE FIXED ASSETS Fixliires and fittings Plabt and m8chinery Totals COST At l April 2023 Addition8 Disposals 28,424 8,955 14,493) 2,690 985 31,114 9,940 (4,493) AI 31 MLirch 2024 32,886 3,675 36.561 DEPRECJATIO Ai l Ayi'il 202) Cbargc for year Eliminiled on dispos¢11 I I,OSi 6,941 13,563} 11,562 7,254 (3,563 } 313 At 31 March 2024 14,461 792 15,253 I'ET 1300K VALUE At 31 March 2024 18,425 2,883 21,308 Al 31 March 2023 17,341 2,211 19,552 Pa(Tc 19 conliiiiied.
WEAR RIVERS TRUST NOTES TO THE FLNANCIAL STATEhlENTS - iorntlJ]ued FOR THE YEAR ENDED 31 MARCH 2024 12. FIXED ASSET 1hWESTTrNTs UnlTsled iuvesttnents Ai l April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 There wer¢ no illvesimenl assets outsid¢ the UK. The Cornpan5 iuvcstmenls al the balauce sh¢el dale in the 5har¢ capital of coTnp3ni¢s include the following: IYAter gnd EDiiroDnienlal Reso)Jrcts l¥lanagement Llmited ReStered oifir¢'. Fin¢hgle House, Beimoni Business Park, Durham, En8land, DHI ITW Natllre of business.. Environmental ¢onsuliing Class of share.. Ordinary holdiug 100 13. DEBTORS: AThIOUNTS FALLING DUE NVITHIN OLI'E YEAR 2024 2023 Trade debioTS Amounts ow¢d by group imdertalungs PrepaiTnenls and accrued income 40,202 12,852 68,790 58,466 443 73,459 121,844 132.368 14. CREDITORS.. AlouNTs FALLNG DifE WITHIN OINE AR 2024 2023 Trade CTedilors Social secwit), and other taxes Accruals and deferred income 17,952 27.967 2,490 3,680 6,699 2,490 48,409 12,869 Pag¢ 20 continued...
IVEAR RIVERS TRUS'r NOTES TO THE FINANCIAI, STATEIllENTS - continued FOR THE YEAR ENDED 31 TrIARCH 2024 15. MOVELIIENr Ir4 FUIqDS Nd Trat]sfers between nds movetnenl in fimds Al 31.3.24 At 1.4.23 Unre$trl¢ted funds General fvnd 74,436 (27,520) 46.916 Restricted fuDdJ Educalitsn and Rivertly IVeardal¢ Nattol Flood MaDagemenl Ivear INNS Managernenl plan EEU Cool Walcrs Sunderland City Council Browney RDP (Crook EEU) DCC - Staiiley Sustainable Drainage System Sialllry Burn Twizell Volunteering Project Sir Tom Cowie Charitgbl¢ Trnsl RT NWL PtLrtnership Chester Le Street AAP ci117.en Sciencc and Riv¥rfly NWL Blue Space- Old Diirham Deck DWTI SCC Litthed Togcihcr WeardAle FFF Fun & Food John Miiir GaileSS Reconnected WEIF Soils EA Elluespaces NWL - South Bum Bluespaces NWL- Ciit Throat Den¢ Priority Habits NIVL- Beechbill Bluespaces NWL- Hiiinmerb¢ck and GaLiiiless Voliinteering and Engageinenl 1,660 6,188 5.251 6,084 3,538 17.546 11,660) (6,188) 346 15,411) 5,597 673 (3,538) (17,546) 3.174 5,365 1.654 12,658) 14,704) 516 661 343 ,694 5,255 1,694 1634) 11971 {8,2l81 {3,2911 1,549 12,3611 14,9321 5,889 201 14,271 56 128 2.361 6,400 6,053 303 1,677 3,538 1,468 3,451 13.550 23,716 3,451 13,550 23,716 6,784 319 6,784 319 79,766 17,701) 72,065 TOTAL FUNDS 154,202 (35,221) Il8.981 Page21 continiied...
IVEAR RIVERS TRUST NOTES TO THL FINANCLIL STATE1[ENTs - eontlnued FOR THE YKAR Ef4DED 31 iWCH 2024 15. MOVEL¥IENT IN FUNDS- continued Net wovellLent ill funds, incllld¢d in the above are as follows.. lllcoming resources Resources expended Movement in funds Unrestrl¢led funds General fund 62,149 (89,669) (27,520) Restricted funds Ediicalion and Rivertly Weard¢?le Natural Flood Management CaBa Carbon ColeGIS Wear tNNS lanage1n¢llI plan EEU Cool Waiers Browiey RDP {Cri)ok EEU) DCC- Sianley Sustainable Drainag¢ Sysleiii Weardale MSO Sianley Bum Trvizell Volunteering Projeel Sir Tom CoiTrie Chariiable Tnist RT NWL Partnership Chester Le Street AAP Citizen Scieiice and Riverfiy NWL Bliie Space - Old Diirham Beck DNVTI SCC Linked Together Weardale FFF NWL Blackdene Fun & Food John Muir Gaunless R¢¢onnecled WF.IF Soils EA WEIF Old Durhani Beck EA Bliie%paces NWL- South Biirn Bliiespaces NIVL- Cut Throat D¢ne Priority Habil8 NWL - Beechbum Bliiespaces N%- HuTrun¢rbe¢k and Caunless Innovate . Agri Plastics Voliu]leeiing and EngageIT]enl WEIF Beechbiirn Beckons (1,660) (6,188) (15,000) (14,965) (32.003) (8,074) (17,546) (1.660) (6,188) 15,000 14,965 32,349 2,663 346 (5,411) (17.546) 113,612 31,957 (116,270) (31,957) (4.704) (21,395) (25,208) (634) {4,745) (14,918) (20,623) (5,878) {4,852) (24,313) (20,933) (25,4081 (29,5111 (6,5491 19.950) 16,284) (2,658) (4,704) (1.311} 1,694 (634) {197) (8,218) (3,291) 1,549 20,IYd4 26,902 4,548 6,700 17,332 7,427 4,852 21,952 16,001 25,4D9 29,511 10,CN)O 23,500 30,000 (2,361) (4,932) 3.451 13.550 23,716 14,190 10,736 8,000 30.000 (7,406) (10,736) (7,681) (30,000) 6.784 319 i17,690 (525.391) 1? 7011 TOTAL FUNDS 579,819 {615,060} (35,221) Page 22 conliniied...
WF.AR RIVERS TRUST NOTES TO THE F1Tr4ANC.IAL STATEMENTS - ¢L>fAtfinued FOR THE Y£4 ENDED 31 MARCH 2024 15. MOVEMENT IN Fuf4DS. contthucd Compargtives for movement ID fuud5 Net movement in funds Al 31.3.23 Ai 1.4.22 Unrestri¢ted funds Gen¢ral fund 46,764 27.672 74,436 Restrieted fiinds Ediicaiion and Rivert]y Metal Mines Weardale Nattal Flood Management C8Ba Wear INNS Manao¢mellt pl8n Elu W8PPitig Burn Restoration Project EEU Cool Waters Metal Mines Camboke¢ls Sunderland City Council Browney RDP (Crook EEU) EA Bee¢liburn Beck Feasibility Project EA Smalope Biirn Nalmral Capital Proje¢l DCC W¢$lgaTrlSidehead DCC- Stanley Sustainable Drainage Syst¢ni Weardale MSO NWL Biolsmey Access Stanley Blun Tivizell Vollteering Project Sir Toni Cowie Charitable Trust Chester Le Street AAP Citizen S¢ienc¢ and RLverfly NWL Bliie Space - Ola Durham Beck DWTI SCC Liiiked Tog¢iher Weardalc FF Fuji & Food John Miiir Gaiinless Re¢onnected 23,241 2,840 5.747 305 13,288 12,012 40,782 1,117 3,693 37,558 431 (21,581) (2,840) 441 (305) (8,037) (12,012) (34,698) (1.117) (155) (2Q.012) (4311 l.660 6.188 5,251 6,084 3,538 17,546 1,725 62 (1,725) (62) 16,438 6,699 1,344 (13,264) {6,699) (1,344) 5,365 1,654 5,889 201 14,271 56 128 2,361 6.400 3,174 5,365 1,654 5,889 201 14,271 56 128 2,361 6,400 167,282 (87,516) 79,766 T()TAI, FIIS'DS 214,fl46 ($9:844} 154,202 Page 23 continiied..
WEAR RIVERS TRUST YOTES TO THE FINATrICIAI, STATEP*NTs - fntinUed FOR THE YEAR ENDED 31 MARCH 2024 15. MOVELIIENT IN Fuf4DS- contlnlled Comparative nel n]oYeinenl in funds, in¢liided in the above arc as follows: Incorning resowces Resoiwces expended hlovement in fimds Unrestrlcted funds General fijnd 205,938 (178,266) 27.672 Restrlcted funds Ediicalion and Riveffly Metal Mines Iveardale N[al Flood NIanagemenl CaBa Carbon Collnccts Wear tNNS Management plan EEU Wapping Restoration Project EEU Cool Waters ,Melal Mincs Cambokeels Sunderland City colClI Biowney RDP (Crook EEU) EA Beechbiirn Beck Fcasibility Proje¢1 EA Smallhope Burn Na(UTal Capilal Project DCC W¢51galc/Sidehead DCC, . Stanley Sustainable Drainage Sysleni Weardale MSO NIVL Browney Access Stanley Birn Twizell VolunteeriL)g Projecl Sir Tom Coivie Charitable Tn1 Chester Le Street AAP Cilizen S¢iellce alld Riverfly NWL Blue Space- Old Diirham Beck DNVTI SCC Linked Together Weardale FFF Flin & Food Jolui MLiir Gaunle5s Reconnected 2,277 (23,858) (2,840) (4,814) 115,305) (14.965) (33,016) (12.012) (34.702) (1,117) 1155) (20,012) {431) 121,581) [2,840) 441 (305) 5,255 15,(K>O 14,965 24,979 (8,037) (12,012) {34,698) {1,117) (155) (20,012) (431) (1,725) (62) {1,725) 162) 130.147 (143,411) (6,699) (1,344) (385) (15,345) (13,264) (6,699) (1,344) 5,365 1.654 5,889 201 14,271 56 128 2,361 6,400 5,750 16,999 6,000 5,089 25,0fr0 11,5(16 1,156 7,723 6,400 14,888) (10,729) {11,450) {1,028} (5,362} 278,2iO (365.766) 187,516) TOTAI, ruh'DS 484,188 {.f44,n32) (59,844) Page 24 continiied...
AR RtVERS TRUST NOTES TO THE FtYANCIAL STATlENTs - ¢oDtlnued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT ]N FUNDS- contillued A cuff¢nl year 12 months and prior year 12 monihs cott]bined position is as follows: Nd Transl¢rs beh¥c¢n fid$ niovem¢nt in funds Al 31.3.24 At 1.4.22 Unre$tricted fuDd5 General fund 46,764 152 46,916 Restrlcted (unds Education and Riverfiy Metal Mines Weardal¢ Natural Flood Manageincnt CaBa Wear NNS Management plan EEU Wapping Burn Restoration Project EEU Cool Waters M¢lal Mines Cambokeels Sundeiland City Council Bro¥vney IiDP {Crook EEU) EA Beechburn Beck Feasibility Project EA Smallhope Bum N8tUT81 C?piial Project DCC Weslgalelsidehcad NFM DCC - Stanley Sustainable DTain(ige System Iveardale MSO NWL Browmey Access Stanley Biim Twiz¢ll Volunteering Project Sir Tom Cowie Charitabl¢ Trust RT NWL Fartnerbhip Chester Le Street AAP Citizen S¢icnce and Riverfly NNVL Blue Space- Old Durham Beck DWT/ SCC Linked Together IN'¢ardale FFF John MiiiT Gaiinless Reconn¢cted WEIF Soi15 EA Bluespaccs NWL - Soiiih Burn Bliiespaces MVL- Ciil Throat Delic Prioritv HIL bilg NKVL - Beeel)biiiii BILie5Pi1ces N.1111. Hiimmcrbeck #liLI Gaunl¢s5 Voliintccriiig and Engagenienl 23,241 2,840 5,747 305 13.288 12,012 40,782 1,117 3,693 37,558 431 (23,241) (2,840) {5,747) 1305) 1'1,691) (12,012) (40,109) 11,117) 1155) (37,5581 (431) 5,597 673 (3,538) 1,725 62 11,7251 1621 16,438 6,699 1,341 (15.922) {6,699) 11,344) 516 661 343 1.694 5,255 343 1,694 5,255 6,053 13,235) 1,677 1,468 6,053 303 1,677 1,468 3,538 3,451 13,550 2?.716 3,451 13,550 23.71(7 6,784 319 6,784 319 167,282 195,2l 71 72.065 TOTAL FUINDS 214,U46 (95,065) 118,981 Pa¥e 25 coiiliniied...
WEAR RIVERS TRUST NOTES TO THE FINANCIAL STATEMEIYTS - ¢ontiTrued FOR THE YEAR Ef4DLD 31 IWbiRCH 2024 15. MOVF.MEIYT IN FUNDS- eonlinued A cuent year 12 months and prior year 11 months combined llet rnovement in funds. included in the above are as follows.. Incorning re80luS Resources expended Movement in fimds Unrestrlcted fund5 General fvnd 268,087 (267.935) 152 Restrlcted (und$ Educatton and RiverfLy M¢tdl Mines Weardale Nattwal Flood Mana8emenl CaBa CArbon Connects Wear IrNs Management plan EBU Wapping Bum Resloralion Proje¢l EEU Cool WaleTS M¢lAI Milles Catnbokeels Siderland City Cowicil BcoMiey IIDP (Crook EEU) EA BcechbLirn Beck F¢asibility Project EA Smalihope Bum Narural Capital Proje¢l DCC Weslgale/Sidehead NFM DCC- Stanley Sustainable Drainage Sysiern Wcardale MSO NWL Bro1eY A¢cess Sianley Bum Tivizell Volunteering Projeel Sir Tom Colvi¢ Chariiable Tnisl RT NWL Partnership Chester Le Street AAP Citizen Scien¢¢ and 'VerflY NWL Blue Spacc - Old Diirham Beck DWTI SCC Linked Togeiliei Weardale FFF NWL Blackdene Fim & Food John Miiir GaLinle$s R¢eonnecled IVEIF Soilq EA 11.'EIF Old DLirliaii? Beck F.A BlilepaceS NIVL - Soiiih 13iim Bliiespace5 iNIVL- Cul Tlwoat D¢ne Priority Habils NWL - BecchbLII'II Bliiespac¢5 Ni IVL- HLiiiunerbeck aiid Gaiinless Innovate - Agri Plastics Voliinteering hnd Eneageniei)r IVEIF Beechbiini BecLoiJs 2,277 (25,518) (2,840) (11,002) (30.305) (29,930) (65.019) (12.012) (42,776) (I,IL7) (155) (37,558) (431) 123,241) (2.840) {5,747) (305) 5,255 30,ODO 29,930 57.328 [7,691) (12,012) (40,109) 2,667 1155) (37,558} (431) (1,725) (62) (1,725) {62) 243,759 31,957 (259.681) (38,656) (l.344) (5,089) (36.740) (25,208) (745) 19,633) (25.647) (32,073) (6,906) (4,852) (29,675) (20,933) 125,4D8) 121),511) (6,549) 19,950) 16,284} (15,922) (6,699) (1,344) 661 343 1,694 5,255 5,750 37,083 26,9&2 6,0 9,637 31,700 28,838 8,583 4,852 29,675 22,401 25,409 6,053 (3,235) 1,677 1,468 10,000 23,500 3Q,000 3,45l 13,550 23,716 14,190 10,716 8,000 3D,000 {7,4O61 (10,736) 17,681) (30,000) 6,784 319 795,940 (891,1571 (95,217) TOTAL FULNDS 1,064,027 11.159,0921 {95.065) Page 26 conliniied...
mAR RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAJi ENDED 31 IVIARCH 2024 16. RELATED PARTY DISCLOSURES There were no related party tTaosactions for the year ended 31 March 224. Pag¢ 27