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← West Wales Rivers Trust

2024-03-31-accounts

COMPANY[REGISTRATION] NUMBER:[04668878] CHARITY REGISTRATION NUMBER: 1105663 «CHARITY[REGISTRATION] NUMBER: 1108663

West Wales West Wales[Rivers] Rivers Trust Trust Company Company Limited Limited by by Guarantee Guarantee Unaudited Unaudited Financial[Financial][Statements] Statements 31 31 March March 2024 2024

West West Wales Wales Rivers Rivers Trust Trust

Company Company Limited Limited[by] by Guarantee Guarantee

Financial Financial Statements Statements

Year Year ended ended 31[31] March March 2024 2024

Page
Page		 Page
Page
Trustees' annual report (incorporating the director's report)
Trustees’ annual report (incorporating the director's report)		 1
1
Independent examiner's report to the trustees
Independent examiner's report to the trustees		 3
3
Statement offinancial activities (including income and
Statement offinancial activities (including income and
expenditure account)
expenditure account)		 5
5
Statement of financial position
Statement offinancial position		 6
6
Notes to the financial statements
Notes to the financial statements		 7
7
The following pages do not form part ofthe financial statements
The following pages do notform part ofthe financial statements
Detailed statement of financial activities
Detailed statement of financial activities		 19
19		 - 22
- 22
Appendix I
Appendix
Detailed trustees report
Detailedtrusteesreport		 1-9
1-9

West West[Wales] Wales Rivers[Rivers] Trust Trust Company Company Limited Limited by[by] Guarantee Guarantee Trustees’ Trustees' Annual[Annual] Report[Report] (Incorporating[(Incorporating][the] the[Director's] Director's[Report)] Report)

Year Year ended ended 31[31] March March 2024[2024]

The The[trustees,] trustees, who who are are also[also] the[the] directors directors[for] for the[the] purposes purposes of[of] company company law,[law,] present[present] their[their][report] report[and] and the[the] unaudited unaudited financial financial statements statements[of the] of the charity charity[for] for[the] the year year ended[ended][31] 31[March] March 2024.[2024.]

Reference Reference and[and][administrative] administrative details[details] Registered Registered charity[charity] name name West West Wales Wales Rivers Rivers Trust Trust Charity Charity[registration] registration number number 1105663 1105663 Company Company registration registration number number 04668878 04668878 Principal Principal office office and and registered registered c/o c/o Pritchard Pritchard & & Co Co office office Ffynnonddofn Ffynnonddofn 74 74 High High Street[Street] Haverfordwest Haverfordwest Pembrokeshire Pembrokeshire SA65 SA65 9AU[9AU]

The The trustees trustees

Dr Dr M M Macklin Macklin

Mr Mr[C] C Roberts Roberts Dr Dr KM K M Dearing Dearing Dr Dr[I] | Thomas Thomas Mr Mr A A Thomas Thomas (Resigned (Resigned 15 15 May May 2023) 2023) Mr Mr[J] J Morris Morris Mr Mr C[C][Stretton] Stretton

Mr Mr[E] E Evans Evans

Mrs Mrs[H] H M M Corcoran Corcoran (Appointed (Appointed 13 13 November November 2023) 2023)

Mr Mr S[S][R] R Evans Evans (Appointed (Appointed 13 13 November November 2023)[2023)]

Mr A Mr A P[P] Philpott Philpott (Appointed (Appointed[13] 13 November November 2023)[2023)]

Company Company secretary secretary Dr Dr KM K M Dearing Dearing Independent Independent examiner examiner Stephen Stephen[Davies] Davies FCCA FCCA

Structure, Structure, governance governance and and management management

Please Please see see detailed detailed trustees[trustees] report[report][(Appendix] (Appendix[1).] 1).

Objectives Objectives and and activities activities

Please Please see see detailed detailed[trustees] trustees report report (Appendix (Appendix[1).] 1).

Strategic Strategic report report

Please Please see see detailed detailed[trustees] trustees report report[(Appendix] (Appendix[1).] 1).

1

West West Wales Wales Rivers Rivers Trust Trust

Company Company Limited Limited[by] by Guarantee Guarantee Trustees' Trustees’ Annual Annual Report[Report] (Incorporating (Incorporating the the[Director's] Director's Report) Report)[(continued)] (continuea) Year Year ended ended[31] 31 March March 2024 2024

Achievements Achievements and and performance performance

Please Please see see detailed detailed trustees trustees report report (Appendix (Appendix 1). 1).

Financial Financial review review

Please Please see see detailed detailed trustees trustees report report (Appendix (Appendix 1). 1).

The trustees' annual report and[the] strategic report were approved on . nd signed The on on behalf[behalf] trustees’ of[of the] theannual[board] boardreportof[of] trustees trustees and the[by:] by:strategic report were approved on 28 Decontor 20%and signed

Dr Dr K K M M Dearing Dearing Trustee Trustee

2 2

West West[Wales] Wales[Rivers] Rivers Trust Trust

Company Company Limited Limited by[by] Guarantee Guarantee Independent Independent[Examiner's] Examiner's Report[Report][to] to the the Trustees Trustees of[of] West West Wales Wales Rivers[Rivers] Trust Trust

Year Year ended ended 31[31] March March 2024 2024

I | report report to to the the trustees trustees on on my my examination examination of of the the financial financial statements statements of of West West Wales Wales Rivers[Rivers] Trust Trust (‘the ('the charity’) charity') for for the[the] year year ended ended 31[31] March March[2024.] 2024.

Responsibilities Responsibilities and[and][basis] basis of[of] report[report] As As the[the][trustees] trustees of[of][the] the company company (and[(and][also] also[its] its[directors] directors[for] for[the] the purposes purposes of[of] company company[law)] law) you you are[are] responsible responsible for for the the preparation preparation of of the the financial financial statements statements[in] in accordance accordance with with[the] the requirements requirements of[of] the[the] Companies Companies Act Act 2006 2006[('the] (‘the 2006 2006 Act’).[Act').] Having Having satisfied satisfied myself myself that[that][the] the accounts accounts[of] of the[the] company company are are[not] not[required] required[to] to be[be] audited[audited] under[under] Part[Part] 16[16] of of the the 2006 2006 Act Act and and are are[eligible] eligible[for] for independent independent examination, examination,[I] | report report in[in] respect respect of[of] my my examination examination[of] of the the charity's charity's accounts accounts as as carried carried out out under under section[section] 145 145[of] of[the] the[Charities] Charities Act Act 2011 2011 (‘the[('the][2011] 2011[Act').] Act). In[In] carrying carrying out[out] my my examination examination |[I] have have[followed] followed[the] the[Directions] Directions[given] given[by] by the[the][Charity] Charity Commission[Commission][under] under section section 145(5)(b) 145(5)(b) of the of the 2011 2011 Act. Act. Independent Independent examiner's examiner's statement statement Since Since the[the] charity’s charity's gross gross income income exceeded exceeded[E250,000] £250,000 your your examiner examiner must[must][be] be a a[member] member of[of] a[a][body] body listed listed in in section section 145 145[of] of[the] the 2011 2011 Act. Act. | I confirm confirm that that I | am am qualified qualified to to undertake undertake the the examination examination because because[I] | am am a a member member[of] of the[the][Institute] Institute[of] of Chartered Chartered Accountants[Accountants] in in England England and and Wales Wales (ICAEW), (ICAEVV), which which is is one one of[of] the the listed listed bodies.[bodies.] | I have have completed completed my my examination. examination. | I confirm confirm that that no no matters matters have have come come to to my my attention attention in in connection connection with with the the examination examination giving giving me me cause cause to[to] believe: believe: 1. 1. accounting accounting records records were were[not] not kept kept in[in] respect respect of[of] the[the][charity] charity as as[required] required[by] by[section] section 386[386] of[of the] the 2006 2006 Act; Act; or or 2. 2. the the financial financial statements statements do do not not accord accord with with those those records; records; or or 3. 3. _ the the financial financial statements statements do do not not comply comply with with[the] the accounting accounting requirements requirements[of] of[section] section[396] 396[of] of the the 2006 2006 Act Act other other than than any any requirement requirement that that the[the] accounts accounts give[give] a a 'true ‘true and and fair’[fair'] view view which which is is not not a a matter matter considered considered as as part part of of an an independent independent examination; examination; or or

    1. the the financial financial statements statements have have not not been been prepared prepared in in accordance accordance with with the the methods methods and and principles principles of of the the Statement Statement of of Recommended Recommended Practice Practice for for accounting accounting and and reporting reporting by by charities charities applicable[applicable][to] to charities charities preparing preparing their[their][accounts] accounts in[in] accordance[accordance][with] with the[the] Financial[Financial] Reporting Reporting Standard[Standard][applicable] applicable[in] in[the] the UK[UK] and[and][Republic] Republic[of] of[ Ireland] Ireland (FRS[(FRS] 102).[102).]

3 3

West West Wales[Wales][Rivers] Rivers Trust Trust

Company Company Limited Limited[by] by Guarantee Guarantee Independent Independent Examiner's Examiner's Report Report[to] to the the Trustees Trustees of[of] West West Wales Wales Rivers Rivers Trust Trust (continued) (continued)

Year Year ended ended[31] 31 March March 2024 2024

| I have have no no concerns concerns and and have have come come across across no no other other matters matters in in connection connection with with the the examination examination to to which which attention attention should should be be drawn drawn[in] in this this report report in in order order to to enable enable a a proper proper understanding understanding of of the the accounts accounts to[to] be be reached. reached.

Stephen Stephen Davies[Davies] — Chartered Certified ccountant Chartered Certified rel Independent Independent Examiner Examiner

16 16 Main Main[Street] Street Fishguard Fishguard Pembrokeshire Pembrokeshire SA65 SA65 9HJ 9HJ

4 4

West West Wales Wales[Rivers] Rivers Trust Trust

Company Company Limited Limited[by] by Guarantee Guarantee

Statement Statement of of[Financial] Financial Activities[Activities] (including (including income income and and expenditure expenditure account) account)

Year Year ended ended 31[31] March March 2024 2024

2024
2024		 2023
2023
Unrestricted
funds
Unrestricted
funds		 Restricted
funds
Restricted
funds		 Totalfunds
Totalfunds		 Total funds
Total funds
Note
Note		 £ £ £ £
Income and endowments
Income and endowments
Donations and legacies
Donations and legacies		 5
5		 25,514
25,514		 959,625
959,625		 985,139
985,139		 434,499
434,499
Other income
Other income		 6
6		 - 4,615
4,615		 4,615
4,615		 20,500
20,500
Total income
Total income		 25,514
25,514		 964,240
964,240		 989,754
989,754		 454,999
454,999
Expenditure
Expenditure
Expenditure on charitable activities
Expenditure on charitable activities		 7,8 30,504
30,504		 710,197
710,197		 740,701
740,701		 389,299
389,299
Total expenditure
Total expenditure		 30,504
30,504		 710,197
710,197		 740,701
740,701		 389,299
389,299
Net income and net movement in
Net income and net movement in		 funds
funds		 (4,990)
(4,990)		 254,043
254,043		 249,053
249,053		 65,700
65,700
Reconciliation of funds
Reconciliation offunds
Total funds broughtf0Mard
Total funds brought forward		 51 ,804
51,804		 280,627
280,627		 332,431
332,431		 266,731
266,731
Total funds carried forward
Totalfundscarriedforward		 46,814
46,814		 534,670
534,670		 581 ,484
581,484		 332,431
332,431

The The statement statement of[of] financial financial activities activities includes[includes][all] all[gains] gains and[and] losses[losses][recognised] recognised[in] in the[the][year.] year. All All income income and and expenditure expenditure[derive] derive from from[continuing] continuing activities. activities.

The The notes notes on on pages pages 7[7] to[to] 17[17] form form part part[of] of these these financial[financial] statements.[statements.]

5 5

West West Wales Wales Rivers Rivers Trust Trust Company Company Limited Limited[by] by Guarantee Guarantee Statement Statement of of[Financial] Financial Position Position

31 31 March March 2024 2024

2024
2024		 2023
2023
Note
Note		 £ £
Fixed assets
Fixed assets
Tangible fixed assets
Tangible fixed assets		 13
13		 17,332
17,332		 3,833
3,833
Current assets
Current assets
Debtors
Cash at bank and in hand
Debtors
Cash at bank and in hand		 14
14		 97,580
559,594
97,580
559,594		 81,863
254,136
81,863
254,136
657,174
657,174		 335,999
335,999
Creditors: amounts falling due within one year
Creditors: amounts falling due within one year		 15
15		 93,022
93,022		 7,401
7,401
Net current assets
Net current assets		 564,152
564,152		 328,598
328,598
Total assets less current liabilities
Total assets less current liabilities		 581 ,484
581,484		 332,431
332,431
Funds of the charity
Funds ofthe charity
Restricted funds
Restricted funds		 455,138
455,138		 280,627
280,627
Unrestricted funds
Unrestricted funds		 126,346
126,346		 51,804
51,804
Total charity funds
Totalcharityfunds		 17
17		 581 ,484
581,484		 332,431
332,431

For For[the] the year year ending ending[31] 31 March March 2024 2024 the the charity charity was was[entitled] entitled[to] to exemption exemption from from[audit] audit under under[section] section 477 477 of of the the Companies Companies Act Act 2006 2006 relating relating to to small small companies. companies.

Directors' Directors'[responsibilities:] responsibilities:

These These financial financial statements statements have have been been prepared prepared in in accordance accordance with with the the provisions provisions applicable applicable to to companies companies subject subject[to] to the[the][small] small companies' companies' regime. regime. These These financial financial statements statements were were approved approved by by the the board board[of] of trustees trustees and and authorised authorised for[for] issue issue on on 28 28 December December 2023,[2023,] and[and] are are signed signed on on[behalf] behalf of[of the] the board board by:[by:]

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KURBK
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Dr Dr K K M M Dearing Dearing Trustee Trustee

The The notes notes on on pages pages[7] 7[to] to[17] 17 form form part part of of these these financial financial statements.

6 6

West West Wales[Wales] Rivers[Rivers] Trust Trust Company Company Limited Limited[by] by Guarantee Guarantee

Notes Notes[to] to the the Financial[Financial] Statements Statements

Year Year ended ended[31] 31 March March 2024 2024 ei i PRN a

    1. General General[information] information

The The charity charity is[is] a a public public[benefit] benefit entity[entity][and] and[a] a private private company company limited[limited][by] by[guarantee,] guarantee, registered[registered][in] in England England and and Wales Wales and and a a registered registered charity charity in in England England and and Wales. Wales. The The address address of of the the registered registered office office is is c/o c/o Pritchard Pritchard & & Co, Co, Ffynnonddofn, Ffynnonddofn, 74 74 High High Street, Street, Haverfordwest, Haverfordwest,

Pembrokeshire, Pembrokeshire, SA65 SA65 9AU. 9AU.

    1. Statement Statement[of] of compliance compliance

These These financial financial statements statements have have[been] been prepared prepared in in compliance compliance with with FRS FRS 102, 102, 'The ‘The Financial Financial

Reporting Reporting Standard Standard applicable applicable in in the the UK UK[and] and the the Republic Republic of of Ireland', Ireland’, the the Statement Statement of of

Recommended Recommended Practice[Practice][applicable] applicable[to] to charities charities preparing preparing their[their] accounts[accounts][in] in accordance[accordance] with[with][the] the Financial Financial Reporting Reporting Standard Standard applicable applicable[in] in the the UK UK and and Republic Republic of[of] Ireland Ireland (FRS (FRS 102) 102) (Charities (Charities

SORP SORP (FRS[(FRS][102))] 102)) and[and][the] the[Companies] Companies Act[Act][2006.] 2006.

3. 3. Accounting Accounting policies[policies] Basis Basis of[of] preparation preparation

The The financial financial statements statements have have been[been][prepared] prepared on on[the] the historical historical cost[cost][basis,] basis, as as[modified] modified[by] by the[the] revaluation revaluation[of] of certain certain financial financial assets assets and[and] liabilities liabilities and[and][investment] investment properties[properties] measured[measured] at[at][fair] fair value value through through income income or or expenditure.[expenditure.]

The The financial financial statements statements are are prepared prepared[in] in sterling, sterling,[which] which[is] is the[the] functional[functional] currency currency[of the] of the entity.[entity.]

Going Going concern concern

There There are are no no material material uncertainties uncertainties about[about] the[the] charity's charity's[ability] ability[to] to[continue.] continue.

Judgements Judgements[and] and key[key] sources sources[of estimation] of estimation uncertainty[uncertainty]

The The preparation preparation of of the the financial financial statements statements requires requires management management to to make make judgements, judgements, estimates estimates and[and] assumptions assumptions[that] that affect[affect][the] the amounts amounts[reported.] reported. These These estimates[estimates] and[and] judgements[judgements]

are are continually continually[reviewed] reviewed[and] and are are based based on on experience[experience][and] and other[other][factors,] factors, including[including][expectations] expectations

of of future future events events that that are are believed believed[to] to be be reasonable reasonable under under[the] the circumstances. circumstances.

Fund Fund accounting accounting Unrestricted Unrestricted funds funds are are available available[for] for use use at at the the discretion discretion of of the the trustees trustees to[to] further further any any of of the the charity's charity's purposes. purposes. Designated Designated funds funds are are unrestricted unrestricted funds funds earmarked earmarked[by] by[the] the trustees[trustees][for] for particular particular[future] future project[project][or] or commitment. commitment. Restricted Restricted funds funds are are subjected subjected to to restrictions restrictions on on their their expenditure expenditure declared declared by by the the donor donor or or through through[the] the terms terms[of] of an an appeal, appeal,[and] and[fall] fall into[into] one one[of] of two[two][sub-classes:] sub-classes: restricted restricted income[income] funds[funds][or] or endowment endowment[funds.] funds.

7

West West Wales Wales Rivers Rivers Trust Trust

Company Company Limited Limited[by] by Guarantee Guarantee

Notes Notes to[to] the the[Financial] Financial Statements Statements (continuea)[(continued)]

Year Year ended ended 31[31] March March 2024 2024

    1. Accounting Accounting policies policies (continued)[(continued)] Incoming Incoming resources resources

All All income income is[is] included included in in the the statement statement of of financial financial activities activities when when entitlement entitlement has has passed passed to to the the charity, charity, it it is is probable probable that that the the economic economic benefits benefits associated associated with with the the transaction transaction will will flow flow to to the the charity charity[and] and the[the] amount amount can can be[be] reliably reliably[measured.] measured. The The following following specific specific policies policies are are applied applied[to] to particular particular categories categories[of] of income: income: - - - income income from from donations donations or or grants grants is is recognised recognised when when there there is is evidence evidence of of entitlement entitlement to to the the gift, gift, receipt receipt[is] is probable probable[and] and its[its] amount amount can can be[be] measured measured reliably. reliably. - - income income[from] from contracts contracts for for the the supply supply of of services services is is recognised recognised with with the the delivery delivery of of the the contracted contracted service. service. This This is is classified classified as as unrestricted unrestricted funds funds unless unless there there is is a a contractual contractual requirement requirement for[for][it] it to[to] be[be] spent spent on on a a particular particular purpose purpose[and] and returned[returned] if[if] unspent,[unspent,] in in which which case case it it may may be[be] regarded regarded as as[restricted.] restricted. Resources Resources expended expended Expenditure Expenditure[is] is recognised recognised on on an an accruals accruals basis basis as as a a liability liability is[is] incurred. incurred. Expenditure Expenditure includes[includes] any any VAT VAT which[which][cannot] cannot[be] be[fully] fully recovered, recovered,[and] and is is classified classified under under headings headings of of the the statement statement of of financial financial activities activities[to] to which which[it] it[relates:] relates: e expenditure expenditure on on raising raising funds funds includes includes the the costs costs of of all all fundraising fundraising activities, activities, events, events, non-charitable non-charitable trading trading activities, activities, and and the the sale sale of of donated donated goods. goods. e expenditure expenditure on on charitable charitable activities activities[includes] includes all[all] costs costs incurred[incurred] by by a a charity charity[in] in undertaking undertaking activities activities[that] that further further its[its] charitable charitable aims[aims][for] for the[the][benefit] benefit[of] of[its] its beneficiaries, beneficiaries, including including those those support support costs costs and[and] costs costs relating relating to to the the governance governance of of the the charity charity apportioned apportioned to to charitable charitable activities. activities.

Tangible Tangible[assets] assets

Tangible Tangible assets assets are are initially initially recorded recorded at at cost, cost, and and subsequently subsequently stated stated at at cost cost less less any any accumulated accumulated depreciation depreciation and[and] impairment impairment losses.[losses.]

Depreciation Depreciation Depreciation Depreciation is is calculated calculated so so as as to to write write off off the the cost cost or or valuation valuation of of an an asset, asset, less less its its residual residual value, value, over over[the] the useful useful economic economic life[life] of[of][ that] that asset asset as as[follows:] follows: Plant Plant and and machinery machinery - 20% 20% straight straight line line Equipment Equipment - 33% 33% straight straight line line

8 8

West West[Wales] Wales Rivers[Rivers] Trust Trust Company Company Limited Limited[by] by Guarantee Guarantee Notes Notes to[to] the the[Financial] Financial Statements Statements (continued)[(continued)] Year Year ended ended 31[31] March March 2024 2024

3. 3. Accounting Accounting policies policies[(continued)] (continued)

Impairment Impairment[of] of fixed[ fixed] assets[assets]

A A review review for[for] indicators indicators[of] of impairment impairment is[is] carried carried[out] out[at] at each[each] reporting[reporting] date,[date,][with] with the[the] recoverable recoverable

amount amount being[being] estimated estimated where where such[such] indicators indicators[exist.] exist. Where[Where] the the carrying carrying value value exceeds exceeds the the recoverable recoverable[amount,] amount, the[the] asset asset is[is] impaired impaired[accordingly.] accordingly.[Prior] Prior[impairments] impairments are[are][also] also reviewed[reviewed] for[for] possible possible reversal reversal at[at] each each reporting reporting date. date.

Financial Financial instruments instruments

A A financial financial asset asset or or a a financial financial[liability] liability is[is][recognised] recognised only[only] when[when] the[the][entity] entity becomes[becomes] a[a][party] party[to] to[the] the contractual contractual provisions provisions of of the the instrument. instrument.

Basic Basic financial financial instruments instruments are are initially[initially] recognised recognised at at the the amount amount receivable receivable or or paable paable including including any any[related] related[transaction] transaction costs,[costs,] unless[unless][the] the[arrangement] arrangement[constitutes] constitutes[a] a financing[financing] transaction,[transaction,][where] where it it is is recognised recognised[at] at the the present present value value[of] of[the] the future future payments payments discounted discounted at at a a market market rate rate of of interest interest[for] for a a similar similar debt[debt][instrument.] instrument.

Current Current assets assets and and current current liabilities liabilities are are subsequently subsequently measured measured at at the the cash cash or or other other consideration consideration expected[expected][to] to be[be][paid] paid or or received[received][and] and not[not] discounted. discounted. Defined Defined contribution contribution plans plans Contributions Contributions[to] to defined defined contribution contribution plans plans are are recognised[recognised] as as an an expense expense[in] in[the] the period[period][in] in[which] which the the related related service service is is provided. provided. Prepaid Prepaid contributions contributions are are recognised recognised as as an an asset asset to[to][the] the[extent] extent that that the the prepayment prepayment will will[lead] lead[to] to a a[reduction] reduction[in] in future future payments payments or or a a cash cash[refund.] refund.

    1. Limited Limited by by guarantee guarantee West West Wales Wales Rivers[Rivers] Trust Trust is[is] a a company company[limited] limited[by] by[guarantee] guarantee[and] and[accordingly] accordingly[does] does[not] not[have] have a[a] share share[capital.] capital.

Every Every member member of[of] the[the] company company undertakes undertakes to to contribute contribute such such amount amount as as may may be be required required not not

exceeding exceeding £10[E] 10[to] to the[the] assets assets[of the] of the charitable[charitable] company company[in] in[the] the[event] event of[of] it[it] being being[wound] wound up up[while] while he[he]

or or she she[is] is a a member, member, or or within within one one year year after[after][he] he or[or] she[she] ceases ceases[to] to[be] be a[a] member.[member.]

    1. Donations Donations and[and] legacies[legacies]
Unrestricted
Funds
Unrestricted
Funds		 Restricted
Funds
Restricted
Funds		 Total Funds
2024
Total Funds
2024
£ £ £
Donations
Donations
Donations
Donations		 and
and		 in
in		 kind
kind		 contributions
contributions		 5,670
5,670		 1,740
1,740		 7,410
7,410
Grants
Grants
Grants
Grants		 19,844
19,844		 957,885
957,885		 977,729
977,729
25,514
25,514		 959,625
959,625		 985,139
985,139

lc i

9 9

West West Wales[Wales][Rivers] Rivers Trust Trust

Company Company Limited Limited[by] by Guarantee Guarantee

Notes Notes[to] to the the[Financial] Financial Statements Statements (continuea)[(continued)]

Year Year ended ended 31[31] March March 2024 2024

5.
5.		 Donationsand legacies (continued)
Donations and legacies (continued)
Unrestricted
Unrestricted		 Restricted
Restricted		 Total Funds
Total Funds
Funds
Funds		 Funds
Funds		 2023
2023
£ £ £
Donations
Donations
Donations and in kind contributions
Donations and in kind contributions		 5,587
5,587		 - 5,587
5,587
Grants
Grants
Grants
Grants		 21,500
21,500		 407,412
407,412		 428,912
428,912
27,087
27,087		 407,412
407,412		 434,499
434,499
6.
6.		 Other income
Other income
Restricted
Restricted		 Total Funds
Total Funds		 Restricted
Restricted		 Total Funds
Total Funds
Funds
Funds		 2024
2024		 Funds
Funds		 2023
2023
£ £ $ £
Other income
Other income		 4,615
4,615		 4,615
4,615		 20,500
20,500		 20,500
20,500
7.
7.		 Expenditure on charitable activities by fund type
Expenditure on charitable activities by fund type
Unrestricted
Unrestricted		 Restricted
Restricted		 Total Funds
Total Funds
Funds
Funds		 Funds
Funds		 2024
2024
a 2 £
Habitat improvementand education
Habitat improvement and education		 30,504
30,504		 710,197
710,197		 740,701
740,701
Support costs
Support costs		 - - -
30,504
30,504		 710,197
710,197		 740,701
740,701
Unrestricted
Unrestricted		 Restricted
Restricted		 Total Funds
Total Funds
Funds
Funds		 Funds
Funds		 2023
2023
e £ £5
Habitat improvementand education
Habitat improvement and education		 19,866
19,866		 369,033
369,033		 388,899
388,899
Support costs
Support costs		 400
400		 - 400
400
20,266
20,266		 369,033
369,033		 389,299
389,299
8.
8.		 Expenditure on charitable activities by activity type
Expenditure on charitable activities by activity type
Activities
Activities
undertaken
undertaken		 Total funds
Total funds		 Total fund
Total fund
directly
directly		 2024
2024		 2023
2023
£ £ £
Habitat improvementand education
Habitatimprovementandeducation		 740,701
740,701		 740,701
740,701		 389,299
389,299

10 10

West West Wales Wales Rivers Rivers Trust Trust Company Company Limited Limited[by] by Guarantee Guarantee

Notes Notes[to] to the[the][Financial] Financial Statements Statements (continued)[(continued)]

Year Year ended ended 31[31] March March 2024 2024

9.
9.		 Net income
Net income
Net income is stated after charging/(crediting):
Net income is stated after charging/(crediting):
2024
2024		 2023
2023
£ £
Depreciation of tangible fixed assets
Depreciation oftangible fixed assets		 2,754
2,754		 1 ,383
1,383
10.
10.		 Independent examination fees
Independent examination fees
2024
2024		 2023
2023
£ 2
Fees payable to the independent examiner for:
Fees payable to the independent examiner for:
Independent examination of the financial statements
Independent examination ofthe financial statements		 400
400		 400
400
11.
11.		 Staff costs
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as
The total staff costs and employee benefits for the reporting period are analysed as		 follows:
follows:
2024
2024		 2023
2023
£ £
Wages and salaries
Wages and salaries		 170,177
170,177		 111,700
111,700
Social security costs
Social security costs		 16,822
16,822		 11,581
11,581
Employer contributions to pension plans
Employer contributions to pension plans		 14,850
14,850		 10,053
10,053
201 ,849
201,849		 133,334
133,334
The average head count of employees during the year was 6 (2023: 4). The average
full-time equivalent employees during the year is analysed as follows:
The average head count of employees during the year was 6 (2023: 4). The average
full-time equivalent employees during the year is analysed as follows:		 The average head count of employees during the year was 6 (2023: 4). The average
full-time equivalent employees during the year is analysed as follows:
The average head count of employees during the year was 6 (2023: 4). The average
full-time equivalent employees during the year is analysed as follows:		 number
number		 of
of
2024
2024		 2023
2023
No.
No.		 No.
No.
Chief Executive Officer
Chief Executive Officer		 1
1		 1
1
Senior Executive Officer
Senior Executive Officer		 1 1
4
Project Officers
Project Officers		 4
4		 2
2
6
6		 4
4

No No employee employee received received employee employee benefits benefits of of more more than than €60,000 £60,000 during during the the year year (2023: (2023: Nil). Nil). 12. 12. Trustee Trustee remuneration remuneration and and expenses expenses No No remuneration remuneration or or other other benefits benefits from from employment employment with with the the charity charity or or a a related related entity entity were were received received by by the the trustees. trustees.

No No trustee trustee expenses expenses have have been been incurred. incurred.

11 11

West West Wales Wales Rivers Rivers Trust Trust

Company Company Limited Limited by[by] Guarantee Guarantee Notes Notes[to] to the the[Financial] Financial Statements Statements[(continued)] (continueg)

Year Year ended ended[31] 31 March March[2024] 2024

13. 13. Tangible Tangible[fixed] fixed assets assets

Plant and
Plant and
machinery
machinery		 Equipment
Equipment		 Total
Total
5 £ £
Cost
Cost
At 1 April 2023
At 1 April 2023		 10,936
10,936		 5,759
5,759		 16,695
16,695
Additions
Additions		 6,067
6,067		 10,186
10,186		 16,253
16,253
At 31 March 2024
At 31 March 2024		 17,003
17,003		 15,945
15,945		 32,948
32,948
Depreciation
Depreciation
At 1 April 2023
Charge for the year
At1 April 2023
Charge for the year		 8,879
1 ,028
8,879
1,028		 3,983
1,726
3,983
1,726		 12,862
2,754
12,862
2,754
At 31 March 2024
At 31 March 2024		 9,907
9,907		 5,709
5,709		 15,616
15,616
Carrying amount
Carrying amount
At 31 March 2024
At 31 March 2024		 7,096
7,096		 10,236
10,236		 17,332
17,332
At 31 March2023
At 31 March 2023		 2,057
2,057		 1 ,776
1,776		 3,833
3,833
14.
14.		 Debtors
Debtors
2024
2024		 2023
2023
£ £
Trade debtors
Trade debtors		 97,580
97,580		 81,863
81,863
15.
15.		 Creditors: amounts falling due within one year
Creditors: amounts falling due within one year
2024
2024		 2023
2023
£ 7a
Trade creditors
Trade creditors		 79,583
79,583		 530
530
Social security and othertaxes
Social security and other taxes		 13,439
13,439		 6,871
6,871
93,022
93,022		 7,401
7,401

16. 16. Pensions Pensions and and[other] other post post retirement retirement[benefits] benefits

Defined Defined contribution contribution plans plans

The The amount amount recognised recognised in in income income or or expenditure expenditure as as an an expense expense in in relation relation to to defined defined contribution contribution plans plans was was £14,850 214,850 (2023: £10,053).

12 12

West West[Wales] Wales Rivers[Rivers] Trust Trust Company Company Limited Limited[by] by Guarantee Guarantee Notes Notes[to] to the the[Financial] Financial Statements Statements[(continued)] (continueg) Year Year ended ended 31[31] March March[2024] 2024

17.
17.		 Analysis of charitable funds
Analysis of charitable funds		 Analysis of charitable funds
Analysis of charitable funds		 Analysis of charitable funds
Analysis of charitable funds
Unrestricted funds
Unrestricted funds
At At 31
At 31		 March
March
1 April 2023
1 April 2023		 Income
Income		 Expenditure
Expenditure		 Transfers
Transfers		 2024
2024
£ £ £ £ £
General funds
General funds		 51 ,804
51,804		 25,514
25,514		 (30,504)
(30,504)		 79,532
79,532		 126,346
126,346
At At 31 March
At31March
1 April 2022
1 April 2022		 Income
Income		 Expenditure
Expenditure		 Transfers
Transfers		 2023
2023
General funds
General funds		 9,736
£
9,736		 27,087
£
27,087		 (20,266)
Pa
(20,266)		 35,247
E
35,247		 51,804
£
51,804
Restricted funds
Restricted funds
At At 31
At 31		 March
March
1 April 2023
1 April 2023		 Income
Income		 Expenditure
Expenditure		 Transfers
Transfers		 2024
2024
£ £ £ £ £
Adopt A Tributary
AdoptA Tributary		 20,247
20,247		 241
241		 (3, 103)
(3,103)		 - 17,385
17,385
Brianne and Tywi
Mitigation
Brianne and Tywi
Mitigation		 148,155
148,155		 - (25,985)
(25,985)		 - 122,170
122,170
DwrCymru Welsh
Water
Fisheries Habitat
Dwr Cymru Welsh
Water
Fisheries Habitat		 (1 ,610)
(1,610)		 - (59)
(59)		 1 ,669
1,669		 -
Restoration Plans
Restoration Plans		 9,523
9,523		 - - (9,523)
(9,523)		 -
Inactive Funds
Nature Newvork Fund
Inactive Funds
Nature Network Fund		 (2,225)
(2,344)
(2,225)
(2,344)		 322,925
-
322,925		 (151 ,547)
-
(151,547)		 2,225
2,225
-		 169,034
-
169,034
Princes Gate Water Ltd
Princes Gate Water Ltd		 (5,499)
(5,499)		 8,121
8,121		 (174)
(174)		 (2,448) -
Rheidol Landfill Tax
Rheidol Landfill Tax		 - - - - -
StrategicAllocation
Fund (2)
SMS N2K
Teifi Landfill Tax
Strategic Allocation
Fund (2)
SMS N2K
Teifi Landfill Tax		 2,108
464
22,605
2,108
464
22,605		 -
-
-		 (165)
(35,024)
-
(165)
(35,024)		 (2, 108)
14
(2,108)
14
-		 313
(12,419)
=
313
(12,419)
Carmarthenshire CC
Carmarthenshire CC		 -
-
Local Nature
Local Nature
Partnership
Partnership		 813
813		 - (196)
(196)		 (438)
(438)		 179
179
Brecon Beacons
Brecon Beacons
National Park
National Park		 784
784		 - (265)
(265)		 (276)
(276)		 243
243
Millin Eels
Millin Eels		 - - - - -
Swansea CC
- Gower
Swansea CC - Gower
AONB
AONB		 19,009
19,009		 5,000
5,000		 (9,856)
(9,856)		 (14,153)
(14,153)		 -
Teifi Uchaf
Teifi Uchaf		 - - - - -
BART
BART		 - - - ~ -
Nevern CLEAN
Nevern CLEAN		 - - - - =
Schroeder Outfall Safari
Schroeder Outfall Safari		 3,312
3,312		 - (67)
(67)		 (3,012)
(3,012)		 233
233
DCWN
- Eels
DCWW - Eels		 - - - - -
DCVWV
- Wetlands
GarfieldWeston
DCWW -Wetlands
GarfieldWeston		 35,133
-
35,133		 28,613
28,613
-		 (7,651)
—-
(7,651)		 (18,675)
(18,675)
-		 9,938
27,482
9,938
27,482

13 13

West West Wales Wales Rivers Rivers Trust Trust Company Company Limited Limited[by] by Guarantee Guarantee Notes Notes[to] to the the Financial[Financial] Statements Statements (continueg)[(continued)]

Year Year ended ended[31] 31 March March 2024 2024

17.
17.		 Analysis of charitable funds
Analysis of charitable funds		 (continued)
(continued)
Nant Clais
Nant Clais		 6,500
6,500		 11,500
11,500		 (7,251)
(7,251)		 - 10,749
10,749
National Lottery
- Rivers
National Lottery - Rivers
For Communities
For Communities		 9,700
9,700		 - (4,982)
(4,982)		 (4,718)
(4,718)		 -
PRAM
PRAM		 4,251
4,251		 98,400
98,400		 (68,280)
(68,280)		 - 34,371
34,371
StrategicAllocation
Strategic Allocation
Fund (3)
The Swire Charitable
Fund (3)
The Swire Charitable		 7,426
7,426		 175,459
175,459		 (254,968)
(254,968)		 (2,745)
(2,745)		 (74,828)
(74,828)
Trust
NRW
- Syfynwy
Trust
WWF
NRW - Syfynwy		 20,202
(9,665)
20,202
(9,665)		 11,501
-
11,501		 (473)
(473)
-		 (19,729)
(1 ,836)
(19,729)
(1,836)		 -
-
Knotweed Survey
Knotweed Survey		 2,356
2,356		 - - (2,356)
(2,356)		 -
NRW
- sandy Haven
Dcww
- Afan Barriers
NRW-Sandy Haven
DCWW -Afan Barriers		 (450)
1 ,925
(450)
1,925		 -
-		 -
-		 450
(1 ,925)
450
(1,925)		 -
-
Adopt a Tributary
Adopt a Tributary
Heritage Lottery Fund
Heritage Lottery Fund		 - 38,628
38,628		 (21,646)
(21,646)		 - 16,982
16,982
Carmarthen CC Agri
Carmarthen CC Agri
Adopt
Ceredigion CC Local
Adopt
Ceredigion CC Local		 - 4,461
4,461		 (3,805)
(3,805)		 (656)
(656)		 -
Nature Partnership
Nature Partnership		 - 4,568
4,568		 (224)
(224)		 - 4,344
4,344
CircularAgricultural
Circular Agricultural
Plastics
Plastics		 - 5,697
5,697		 (4,450)
(4,450)		 - 1 ,247
1,247
DC\MN Citizen Science
Eels
Esmee Fairburn Trust
DCVWWCitizen Science
DCWWEels
Esmee Fairburn Trust		 (12,593)
-
(12,593)
-		 10,000
58,500
10,000
-
58,500		 (9,603)
(6,082)
(20,325)
(9,603)
(6,082)
(20,325)		 18,675
-
18,675
-		 397
38,175
397
-
38,175
Lougher LDTCS
Lougher LDTCS		 - 39,990
39,990		 (3,415)
(3,415)		 - 36,575
36,575
NutrientManagment
Nutrient Managment
Board
Board		 ~ 26,140
26,140		 (10,756)
(10,756)		 - 15,384
15,384
NRW Dulais Balsam
NRW Dulais Balsam		 - 4,615
4,615		 (1 ,454)
(1,454)		 (3,161)
(3,161)		 -
NRW INNS 6
NRWINNS 6		 - 4,590
4,590		 (1,171)
(1,171)		 - 3,419
3,419
PRAM Extra
PRAM Extra		 - 1 1
,479
11,479		 (6,541)
(6,541)		 - 4,938
4,938
Pram Fencing
Pram Fencing		 - 4,578
4,578		 (3,646)
(3,646)		 (932)
(932)		 -
SPF Carmarthenshire
SPF Carmarthenshire
Adopt a Tributary
SPF Ceredigion Adopt a
Adopta Tributary
SPF Ceredigion Adopt a		 - 16,331
16,331		 (16,430)
(16,430)		 - (99)
(99)
Tributary
SPF Neath Interns
Tributary
SPFNeathInterns		 -
-		 13,150
11,535
13,150
11,535		 (5,312)
(1,159)
(5,312)
(1,159)		 -
-		 7,838
10,376
7,838
10,376

14 14

----- Start of picture text -----
||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |West|West|Wales|[Wales]|[Rivers]|Rivers|Trust|Trust| |Company|Company|Limited|Limited|by|[by]|Guarantee|Guarantee| |Notes|Notes|to|[to]|the|the|[Financial]|Financial|Statements|Statements|[(continued)]|(continued)| |Year|Year|ended|ended|[31]|31|March|March|2024|[2024]| |sa|a|ee|ee|ee|Ee|ee|Seer eee| |17.|17.|Analysis|Analysis|of|[of]|charitable|charitable|[funds]|funds|(continued)|[(continued)]| |SPF|SPF|Pembrokeshire|[Pembrokeshire]| |Adopt|Adopt a|a|Tributary|Tributary|_|14,587|14,587|(17,330)|(17,330)|-|(2,|(2,743)|743)| |Swansea|Swansea|LNP|LNP|Barrier|Barrier| |Project|Project|-|8,226|8,226|(4,904)|(4,904)|-|3,322|3,322| |Targeted|Targeted|Finanace|Finanace|Funs|Funs|-|14,005|14,005|-|(14,005)|(14,005)|-| |Teifi|-reifi|DC|DC|CC|CC|-|10,000|10,000|-|-|10,000|10,000| |Carron|Carron|[Estate]|Estate|-|~|(311)|(311)|311|311|-| |Cwmarian|Cwmarian|Nevern|Nevern|-|1|1,400|,400|(1|(1,267)|[,267)]|-|133|133| |Gibbs|Gibbs|Trust|Trust|500|500|-|(320)|(320)|(180)|(180)|-| |280,627|280,627|964,240|964,240|(710,197)|(710,197)|(79,532)|(79,532)|455,138|455,138| |At|At|At|[31]|31|March|March| |1|1|April|April|2022|2022|Income|Income|Expenditure|Expenditure|Transfers|Transfers|2023|2023| |bs|£|£|E|£| |Adopt|Adopt A|A|Tributary|Tributary|200|200|20,850|20,850|(803)|(803)|-|20,247|20,247| |Brianne|Brianne|[and]|and|[Tywi]|Tywi| |Mitigation|Mitigation|192,943|192,943|-|(24,788)|(24,788)|(20,000)|(20,000)|148,155|148,155| |Dwr|Dwr|Cymru|Cymru|Welsh|Welsh| |Water|Water|(1)|10,500|10,500|(12,109)|(12,109)|-|(1|(1,610)|,610)| |Fisheries|Fisheries|Habitat|Habitat| |Restoration|Restoration|Plans|Plans|9,770|9,770|-|(247)|(247)|-|9,523|9,523| |Inactive|Inactive|Funds|Funds|9,860|9,860|-|-|(12,085)|(12,085)|(2,225)|(2,225)| |Nature|Nature|Network|Network|Fund|Fund|(31,351)|(31,351)|127,267|127,267|(98,260)|(98,260)|-|(2,344)|(2,344)| |Princes|Princes|Gate|Gate Water|Water|[Ltd]|Ltd|(2,341)|(2,341)|-|(3,|(3,158)|158)|-|(5,499)|(5,499)| |Rheidol|Rheidol|Landfill|Landfill|Tax|Tax|(1,706)|(1,706)|-|-|1,706|1,706|-| |Strategic|Strategic|Allocation|Allocation| |Fund|Fund|[(2)]|(2)|13,733|13,733|68,416|68,416|(80,041)|(80,041)|-|2,108|2,108| |SMS|SMS|N2K|N2K|629|629|-|(165)|(165)|-|464|464| |Teifi|Teifi|Landfill|Landfill|Tax|Tax|39,377|39,377|-|(16,772)|(16,772)|-|22,605|22,605| |-| |Carmarthenshire|Carmarthenshire|CC|CC|-| |Local|Local|[Nature]|Nature| |Partnership|Partnership|1,009|1,009|-|(196)|(196)|-|813|813| |Brecon|Brecon|Beacons|Beacons| |National|National|Park|Park|1,049|1,049|-|(265)|(265)|-|784|784| |Millin|Millin|Eels|Eels|(629)|(629)|-|-|629|629|-| |-| |Swansea|Swansea|CC|CC|-|Gower|Gower| |AONB|AONB|20,767|20,767|-|(1,758)|(1|,758)|-|19,009|19,009| |Teifi|Teifi|Uchaf|Uchaf|(178)|(178)|-|-|178|178|-| |BART|BART|(397)|(397)|-|-|397|397|-| |Nevern|Nevern|CLEAN|CLEAN|(225)|(225)|-|-|225|225|-| |Schroeder|Schroeder|Outfall|Outfall|Safari|Safari|4,486|4,486|376|376|(1,550)|(1|,550)|-|3,312|3,312| |DCMV|DCWW-|-|Eels|Eels|-|-|(12,593)|(12,593)|-|(12,593)|(12,593)| |Dcvwv|DCWW|-|-|Wetlands|Wetlands|-|14,306|14,306|(8,009)|(8,009)|(6,297)|(6,297)|-|

----- End of picture text -----

(ee

15 15

West West Wales Wales Rivers Rivers Trust Trust Company Company Limited Limited by[by] Guarantee Guarantee Notes Notes to[to] the the Financial[Financial] Statements Statements[(continued)] (continued) Year Year ended ended[31] 31 March March 2024 2024

17.
17.		 Analysis ofcharitable funds
Analysis of charitable funds		 (continued)
(continued)
Garfield Weston
Garfield Weston		 - 41,000
41,000		 (5,867)
(5,867)		 - 35,133
35,133
Nant Clais
Nant Clais		 - 6,500
6,500		 - - 6,500
6,500
National Lottery
- Rivers
National Lottery - Rivers
ForCommunities
For Communities		 - 9,700
9,700		 - - 9,700
9,700
PRAM
PRAM		 - 4,998
4,998		 (747)
(747)		 - 4,251
4,251
Strategic Allocation
Strategic Allocation
Fund (3)
Fund (3)		 - 95,112
95,112		 (87,686)
(87,686)		 - 7,426
7,426
The Swire Charitable
The Swire Charitable
Trust
Trust		 - 21 ,500
21,500		 (1 ,298)
(1,298)		 - 20,202
20,202
WWE - - (9,665)
(9,665)		 - (9,665)
(9,665)
NRW
- Syfynwy
NRW - Syfynwy
Knotweed Survey
Knotweed Survey		 ~ 4,962
4,962		 (2,606)
(2,606)		 - 2,356
2,356
NRW
- Sandy Haven
NRW - Sandy Haven		 - - (450)
(450)		 - (450)
(450)
DCWN
- Afan Barriers
DCWW- Afan Barriers		 - 2,425
2,425		 - - 2,425
2,425
Adopt a Tributary
Adopt a Tributary
Heritage Lottery Fund
Heritage Lottery Fund		 - - - - -
Carmarthen CC Agri
Carmarthen CC Agri
Adopt
Adopt		 - - - - -
Ceredigion CC Local
Ceredigion CC Local
Nature Partnership
Nature Partnership		 - - - - -
CircularAgricultural
Circular Agricultural
Plastics
DCWA/ Citizen Science
Plastics
DCWW Citizen Science		 -
-		 -
-		 -
-		 -
-		 -
-
DCWN Eels
DCWW Eels		 - - _ - -
Esmee Fairburn Trust
Esmee Fairburn Trust		 - - - - -
Lougher LDTCS
Lougher LDTCS		 - - - - -
NutrientManagment
Nutrient Managment
Board
Board		 - - - - -
NRW Dulais Balsam
NRW Dulais Balsam		 - - - - -
NRW INNS 6
NRW INNS 6		 - - - - -
PRAM Extra
PRAM Extra		 - - - - -
Pram Fencing
Pram Fencing		 - - - - -
SPF Carmarthenshire
SPF Carmarthenshire
Adopt a Tributary
Adopt a Tributary		 - - - - -
SPF Ceredigion Adopt a
SPF Ceredigion Adopt a
Tributary
Tributary		 - - - - -
SPF Neath Interns
SPF Neath Interns		 - - - - -
SPF Pembrokeshire
SPF Pembrokeshire
Adopt a Tributary
Adopt a Tributary		 - - - - -
Swansea LNP Barrier
Swansea LNP Barrier
Project
Project		 - - - - -
Targeted Finanace Funs
Targeted Finanace Funs		 - = = = -
Teifi DC CC
Teifi DC CC		 - - - - -
Carron Estate
Carron Estate		 - - - - -
Cwmarian Nevern
Cwmarian Nevern		 - - - - -
Gibbs Trust
Gibbs Trust		 - - - - -
256,995
256,995		 427,912
427,912		 (369,033)
(369,033)		 (35,247)
(35,247)		 280,627
280,627

16 16

West West Wales[Wales][Rivers] Rivers Trust Trust Company Company Limited Limited[by] by Guarantee Guarantee Notes Notes[to] to the the Financial[Financial] Statements Statements[(continued)] (continueg)

Year Year ended ended[31] 31 March March 2024 2024

18. 18. Analysis Analysis[of] of net[net] assets[assets][between] between[funds] funds

Analysis [of] [net] [assets] [between] [funds]
Analysis of net assets between funds
Unrestricted
Unrestricted		 Restricted
Restricted		 Total Funds
Total Funds
Funds
Funds		 Funds
Funds		 2024
2024
£ £ £
Tangible fixed assets
Current assets
Creditors less than 1 year
Tangible fixed assets
Current assets
Creditors less than 1 year		 1 ,696
124,958
(308)
1,696
124,958
(308)		 15,636
532,216
(92,714)
15,636
532,216
(92,714)		 17,332
657,174
(93,022)
17,332
657,174
(93,022)
Net assets
Net assets		 126,346
126,346		 455, 138
455,138		 5811484
581,484
Unrestricted
Unrestricted		 Restricted
Restricted		 Total Funds
Total Funds
Funds
Funds		 Funds
Funds		 2023
2023
£ £ £
Tangible fixed assets
Current assets
Creditors less than 1 year
Tangible fixed assets
Current assets
Creditors less than 1 year		 516
51 ,427
(140)
516
51,427
(140)		 3,317
284,572
(7,261)
3317
284,572
(7,261)		 3,833
335,999
(7,401)
3,833
335,999
(7,401)
Net assets
Netassets		 51 ,803
51,803		 280,628
280,628		 332,431
332,431

Neen eee eee eee eee eee ee eee eee eee

17 17

West West Wales Wales Rivers Rivers Trust Trust Company Company Limited Limited by[by] Guarantee Guarantee Management Management Information Information Year Year ended ended 31[31] March March 2024 2024

The The following following pages pages do do not not form form[part] part[of] of the the financial financial statements. statements.

18 18

Detailed Detailed Income Income and and Expenditure Expenditure West West Wales Wales Rivers[Rivers][Trust] Trust For For the the year year ended ended 31 31 March March 2024 2024

Core
Fund
Core
Fund		 Adopt a
Tributary
Adopta
Tributary		 Adopt
HLF
_—Adopt
HLF		 Brianne &
Tywi
Mitigation
Briann
-“_
6
YW
Mitigation		 CCC Agri
Adopt
:
CCCAgri
Adopt		 Ceredigion
CC LNP
oe
Ceredigion
ccnp		 Circular
Agricultural
Plastics
Circular
yivite
“9
;
Plastics		 Circular
Agricultural
Plastics
Circular
yivite
“9
;
Plastics		 DCWW
DCWW		 DCWW
Citizen
Science
DCWW
Citizen
'
Science		 DCWW
Eels
DCWW
Eels		 DCWW
Wetlands
Esmee
Fairburn
_DCWW__Esmee
Wetlands
Fairburn		 DCWW
Wetlands
Esmee
Fairburn
_DCWW__Esmee
Wetlands
Fairburn		 Fisheries
Habitat
Restoration
Plans
Fisheries
i
Habitat
Restoration
Plans
Income
Income
Donations and in kind contributions
Grants
Other Revenue
Donations and in kind contributions
Grants
Other Revenue		 5.670
19,844
5,670
19,844
-		 240
240
-
-		 38,628
-
38,628
-		 -
-
-		 4,461
-
4,461
-		 4,568
-
4,568
-		 5,697
-
5,697
-		 -
-
-		 10,000
-
10,000
-		 -
-
-		 28,613
-
28,613
-		 58,500
-
58,500
-
Total Income
Total Income		 25,514
25,514		 240
240		 38,628
38,628		 - 4,461
4,461		 4,568
4,568		 5,697
5,697		 - 10,000
10,000		 - 28,613
28,613		 58,500
58,500
Charitable expenditure
Direct Expenses
River improvement
Accountancy fees
Advertising & Marketing
Bank Fees
Charitable expenditure
Direct Expenses
River improvement
Accountancy fees
Advertising & Marketing
Bank Fees		 362
668
62
-
362
668
-
62		 227
50
-
227
-
50
-		 1,389
-
1,389
.
-
-		 22, 120
-
22,120
-
-
-		 200
-
200
.
-
-		 150
-
150
-
-
-		 102
-
102
-
-
-		 -
-
-
-
-		 9,603
-
9,603
-
-
-		 3,770
-
3,770
-
-
-		 -
-
-
-
-		 17,575
2,750
17,575
2,750
-
-
-
Consulting
Depreciation Expense
Employers National Insurance
General Expenses
Insurance
IT Software and Consumables
Consulting
Depreciation Expense
Employers National Insurance
General Expenses
Insurance
IT Softwareand Consumables		 560
329
1,282
563
4,597
600
560
329
1,282
563
4,597
600		 396
128
48
-
396
128
48
-
-		 2,895
190
1,159
252
26
2,895
190
1,159
252
-
26		 33
322
-
33
322
-
-
-		 278
92
-
-
278
-
-
92		 74
-
74
-
-
-
-		 17
364
-
17
364
-
-
-		 59
-
59
-
-
-
-		 -
-
-
-
-
-		 198
-
-
198
-
-
-		 -
-
-
-
-
-		 -
-
-
-
-
-
Legal Expenses
Office and Meeting Expenses
Pensions Costs
Printing & Stationery
Protective Clothing
Recruitment Costs
Rent
Legal Expenses
Office and Meeting Expenses
Pensions Costs
Printing & Stationery
Protective Clothing
Recruitment Costs
Rent		 154
465
1 ,322
264
331
149
226
154
465
1,322
264
331
149
226		 112
3
149
528
-
-
112
3
-
149
528		 15
71
1 ,094
152
507
15
71
1,094
152
507
-
-		 32
280
9
-
32
280
9
-
-
-		 249
.
.
249
-
-
.
-		 -
-
-
-
-
-
-		 269
239
-
-
269
-
.
239
-		 -
-
-
-
-
.
-		 -
-
-
-
-
-
-		 175
-
-
175
-
-
-
-		 -
-
-
-
-
-
-		 -
-
-
-
-
-
-
Repairs & Maintenance
Salaries
Staff Training
Subscriptions
Telephone & Internet
Travel
- National
Repairs & Maintenance
Salaries
StaffTraining
Subscriptions
Telephone & Internet
Travel - National		 12,658
1,043
2,500
446
1,923
-
12,658
1,043
2,500
446
1,923		 19
1,240
205
19
1,240
-
-
-
205		 90
12,150
380
111
1,166
90
12,150
380
-
111
1,166		 3,115
74
-
3,115
-
-
-
74		 2,771
214
-
2,771
-
-
-
214		 -
-
-
-
-
-		 3,458
-
3,458
-
-
-
-		 -
-
-
-
-
-		 -
-
-
-
-
-		 1,940
-
1,940
-
-
-
-		 -
-
-
-
=
-		 -
-
-
-
5
-
Total charitable expenditure
Total charitable expenditure		 30,503
30,503		 3,104
3,104		 21 ,646
21,646		 25,985
25,985		 3,805
3,805		 224
224		 4,450
4,450		 59
59		 9,603
9,603		 6,082
6,082		 - 20,325
20,325
Surplus/Deficit for the year
Surplus/Deficit fortheyear		 4,989
4,989		 2,864
2,864		 16,981
16,981		 25,985
25,985		 656
656		 4,345
4,345		 1,247
1,247		 59
59		 397
397		 6,082
6,082		 28,613
28,613		 38,175
38,175
Balance b/f
Balance bif		 20,249
51,803
148,155
1,610
12,593
9,523
a
Fe
TTD
Transfers between funds
Transfers between funds		 79,532
79,532		 656
656		 1,669
1,669		 18,675
18,675		 18,675
18,675		 9,523
9,523
Balance c/f
Balancecif		 126 346
126,346		 17 385
17,385		 16 981
16,981		 122 170
122,170		 0 4 345
4,345		 1 247
1,247		 0 397
397		 0 9 938
9,938		 38 175
38,175		 0

page page[19] 19

Detailed Detailed Income Income and and Expenditure Expenditure West West Wales Wales Rivers[Rivers] Trust[Trust] For For the the year year ended ended 31 31 March March 2024 2024

Garfield
Weston
Garfield
Weston		 Lougher
LDTCS
Lougher
LDTCS		 Nant
Clais
Nant
Clais		 National
Lottery Rivers
For
National
Lottery Rivers
For		 Nature
Network
Fund
Nature
Network
Fund		 Sediment
NMB
NMB
Sediment		 NRW Dulais
Balsam
NRWDulais
Balsam		 NRW INNS
6
NRWINNS
6		 PRAM
PRAM		 Pram
Extra
Pram
Extra		 PRAM
Fencing
PRAM
Fencing		 Princes
Gate Water
Princes
GateWater		 SAF 2
SAF2		 SAF 3
SAF3		 Small
Grants
Small
Grants		 SMS
N2K
SMS
N2K
Communities
Communities		 Swansea
Swansea
-
z
-		 39,990
-
39,990
-		 1,500
10,000
1,500
10,000
-		 -
-
“		 322,925
-
322,925
-		 26,140
-
26,140
-		 4,615
-
-
4,615		 4,590
-
4,590
-		 98,400
-
98,400
-		 11
,479
-
11,479
-		 4,578
-
4,578
-		 8, 121
-
8,121
-		 175,459
-
175,459
-		 6,400
-
6,400
-		 -
-
-
- 39,990
39,990		 11,500
11,500		 - 322,925
322,925		 26,140
26,140		 4,615
4,615		 4,590
4,590		 98,400
98,400		 1 1 ,479
11,479		 4,578
4,578		 8,121
8,121		 175,459
175,459		 6,400
6,400		 -
- - 4,132
4,132		 35
35		 137,478
137,478		 3,400
3,400		 - - 53,984
53,984		 5,533
5,533		 - - 209,541
209,541		 1,846
1,846		 -
77
77		 - - - - - - - - “ 2 - 35
35		 = =
‘ 7 7 - 200
200		 2 7 - = . . - .
- 32
32		 - - 9
9		 4
4		 - - 34
34		 - - E 7 528
528		 165
165
448
448
:		 253
40
253
40		 234
234
=		 364
364
-		 1,157
1,157
=		 445
445
=		 106
106
:		 47
47
-		 1,025
1,025
=		 72
2
-		 269
269
-		 15
15
-		 3,719
100
3,719
100		 777
777
=		 -
=
2,238
2,238		 - - - 56
56		 - - - 141
141		 - - - - - -
- - - 402
402		 - - - - - - - - - 52
52		 -
382
382
-		 221
221
.		 214
214
-		 311
37
311
37		 1,020
1,020
-		 188
188
-		 108
6
108
6		 41
45
41
45		 960
350
960
350		 68
68
-		 255
255
-		 13
13
-		 3,283
53
3,283
53		 411
18
411
18		 -
-
129
129		 : : = = = 418
418		 - - = - e E -
251
4,244
4,244		 2,460
2,460		 2,375
2,375		 3,450
3,450		 11 ,329
11,329		 5,017
5,017		 1,196
1,196		 454
454		 10,671
10,671		 750
750		 2,831
2,831		 146
146		 36,481
36,481		 8,388
8,388		 -
262
262		 28
28		 297
297		 383
383		 498
498		 1 ,502
4,502		 39
39		 167
167		 1,114
4,114		 118
118		 291
291		 - 1,755
1,755		 262
262		 -
7,651
7,651		 3,415
3,415		 7,251
7,251		 4,982
4,982		 151 ,547
151,547		 10,756
10,756		 1,454
1,454		 1,171
1,171		 68,280
68,280		 6,541
6,541		 3,646
3,646		 174
174		 254,968
254,968		 12,282
12,282		 165
165
7,651
7,651		 36,576
36,576		 4,249
4,249		 4,982
4,982		 171,378
171,378		 15,384
15,384		 3,161
3,161		 3,419
3,419		 30,120
30,120		 4,938
4,938		 932
932		 7,947
7,947		 79,509
79,509		 5,882
5,882		 165
165
35,133
35,133		 6,500
6,500		 9,700
9,700		 2,344
2,344		 4,251
4,251		 5,499
5,499		 2,108
2,108		 7,426
7,426		 26,024
26,024		 464
464
4,718
4,718		 3,161
3,164		 932
932		 2,448
2,448		 2,108
2,108		 2,745
2,745		 19,354
19,354		 14
14
27 482
27,482		 36 576
36,576		 10 749
10,749		 0 169 034
169,034		 15 384
15,384		 0 3 419
3,419		 34 371
34,371		 4 938
4,938		 0 0 o
it)		 74 828
74,828		 788
788		 313
313
page 20
page20

Detailed Detailed Income Income and and Expenditure Expenditure West West Wales Wales[Rivers] Rivers Trust[Trust] For For the the year year ended ended 31 31 March March 2024 2024

SPF SPF Ceredigion
Carmarthenshir
e Adopt
Adopt
SPF
-e
Carmarthenshir iada -m
eAdopt
P		 SPF SPF Ceredigion
Carmarthenshir
e Adopt
Adopt
SPF
-e
Carmarthenshir iada -m
eAdopt
P		 SPF
Neath
Interns
SPF
Neath
Interns		 SPF
Pembrokeshire
Adopt
SPF
Pembrokeshire
Adopt		 Swansea
LNP Barrier
Project
Swansea
LNPBarrier
Project		 Targeted
=		 Targeted
=		 Teifi
wg:
Toitne		 DC
cc
ne		 Teifi
LDTCS
.
wales		 The Swire
Charitable
Trust
The Swire
Charitable
Trust		 WWF Supply
Chain
Mapping
WWE Supply
Chain
Mapping		 WWF Supply
Chain
Mapping
WWE Supply
Chain
Mapping		 Total
Total
7 . : - . - . . 7 5 7,410
7,410
16,331
16,331
-		 13,150
13,150
-		 11,535
11,535
=		 14,587
14,587
=		 8,226
8,226
-		 14,005
14,005
-		 10,000
10,000
<		 :
s		 -
-		 11.501
11,501
-		 977,729
4,615
977,729
4,615
16,331
16,331		 13,150
13,150		 11,535
11,535		 14,587
14,587		 8,226
8,226		 14,005
14,005		 10,000
10,000		 - - 11 ,501
11,501		 989,754
989,754
17,575
1,617
1,617
-		 93
93
-		 -
.		 1,226
1,226
-		 2,424
-		 -
-		 -
-		 18,107
18,107
=		 -
-		 -
.		 480,089
668
480,089
668
- : : - - = - . < : 162
162
65
-
65		 si
-		 =
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 =
=		 62
3,720
62
3,720
195
195		 4
4		 16
16		 197
197		 - - - - 473
473		 - 2,754
2,754
1,067
256
1,067
256		 388
50
388
50		 81
40
81
40		 1,137
369
1,137
369		 214
214
-		 -
-		 -
-		 1 ,272
1,272
-		 -
-		 -
-		 16,822
1,717
16,822
1,717
- - - - - - - - - - 4,597
4,597
-
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 3,154
169
3,154
169
48
1,011
73
156
48
1,011
73
156		 359
43
=
359
-
43		 70
172
-
70
-
172		 48
1,074
22
48
1,074
22
-		 184
-
184
-
-		 -
-
-
-		 .
-
-
-		 1,176
156
=
1,176
-
156		 -
-
-
-		 -
-
-
-		 1.118
14,850
1,032
1,911
1,118
14,850
1,032
1,911
- 149
149		 - - . - - - - - 937
937
= - - - - - - = a 7 754
754
6
6		 8
8		 - - - - - - - . 123
123
11 ,235
140
11,235
140		 3,987
3,987
-		 779
779
-		 11,935
140
11,935
140		 2,046
2,046
-		 -
-		 -
-		 13,071
13,071
-		 -
-		 -
-		 170,178
1,703
170,178
1,703
- - - - - - - - - - 2,500
2,500
Ill
111		 21
21		 - Ill
111		 - - - - - - 799
799
452
452		 210
210		 - 1,071
1,071		 36
36		 - - 1,243
1,243		 - - 13,308
13,308
16,430
16,430		 5,312
5,312		 1,159
1,159		 17,330
17,330		 4,904
4,904		 - - 35,024
35,024		 473
473		 - 740,700
740,700
99
99		 7,839
7,839		 10,377
10,377		 2,743
2,743		 3,322
3,322		 14,005
14,005		 10,000
10,000		 35,024
35,024		 473
473		 11 ,501
11,501		 249,054
249,054
22,605
22,605		 20,202
20,202		 9,665
9,665		 332,432
332,432
14,005
14,005		 19,729
19,729		 1,836
1,836		 -
99
99		 7 839
7,839		 10 377
10,377		 2 743
2,743		 3 322
3,322		 o
0		 10 ooo
10,000		 12 419
12,419		 0 0 581 ,486
581,486
page
page		 21
21

West West Wales Wales Rivers Rivers Trust[Trust] Small Small Grants[Grants] Year Ended Year Ended 31 31 March March 2024 2024

Carron
Carron		 Carm CC
CarmCC		 Cwmarian
Cwmarian		 DCWW Afan
DCWWAfan		 DCWW Afan
DCWWAfan		 Gower
Gower		 Gibbs
Gibbs		 Inactive
Inactive		 NRQ
NRQ		 Syfynwy
Syfynwy
BBNPA
BBNPA		 Estate
Estate		 LNP
LNP		 Nevern
Nevern		 Barriers
Barriers		 AONB
AONB		 Trust
Trust		 Funds
Funds		 Sandy Haven
SandyHaven		 Schroeder
Schroeder		 Knotweed
Knotweed		 Total
Total
Grants
Grants		 1,400
1,400		 5,000
5,000		 6,400
6,400
River Improvement
RiverImprovement		 117
117		 1,410
1,410		 320
320		 1,846
1,846
Salaries
Salaries		 263
263		 825
825		 7,301
7,301		 8,388
8,388
ERS NIC
ERS NIC		 25
25		 82
82		 669
669		 777
TL
ERS Pensions
ERS Pensions		 24
24		 74
74		 313
313		 411
411
Depreciation
Depreciation		 265
265		 196
196		 67 528
528
Meeting exp
Meetingexp		 52
a2		 52
52
Printing& stat
Printing&stat		 18
18		 18
18
Travel
Travel		 168
168		 94
94		 262
262
Total expenditure
Totalexpenditure		 265
265		 311
311		 196
196		 1,267
1,267		 - 9,856
9,856		 320
320		 - - 67 - 12,282
12,282
Surplus/Deficit for the year
Surplus/Deficit fortheyear		 265
265		 311
311		 196
196		 133
133		 4,856
4,856		 320
320		 67
67		 5,882
5,882
Balance b/f
Balance b/f		 784
784		 813
813		 1,925
1,925		 19,009
19,009		 500
500		 2,225
2,225		 450
450		 3,312
3,312		 2,356
2,356		 26,024
26,024
Transferbetween funds
Transfer between funds		 276
276		 311
311		 438
438		 1,925
1,925		 14,153
14,153		 180
180		 2,225
2,225		 450
450		 3,012
3,012		 2,356
2,356		 19,354
19,354
Balance c/f
Balancec/f		 243
243		 0 179
179		 133
133		 0 0 0 0 0 233
233		 0 788
788

page page 22[22]

Appendix Appendix |[I]

WEST WEST WALES WALES RIVERS[RIVERS] TRUST TRUST

----- Start of picture text -----
WEST WEST WALES WALES
RIVERS RIVERS TRUST TRUST
YMDDIRIEDOLAETH YMDDIRIEDOLAETH AFONYDD AFONYDD
wi GORLLEWIN CYMRU
we — ai~~ GORLLE WIN CYMRY
----- End of picture text -----

Caring Caring for for rivers,[rivers,] lakes[lakes] and and wetlands wetlands

Registered Registered Charity Charity Number: Number: 1105663 1105663 Company Company Number Number[:] : 04668878 04668878

Trustees Trustees Annual Annual Report Report for for the[the][Year] Year[ Ended] Ended 31°' March March 2024 2024 31st

1 1

WEST WALES WEST WALES RIVERS RIVERS TRUST TRUST

Appendix Appendix[I] |

Contents Contents

Page no:
Page no:
1.
1.		 Legal and administrative information
Legal and administrative information		 3
3
2.
2.		 Structure, governance and management
Structure, governance and management		 3-5
3-5
3.
3.		 Objects and activities
Objects and activities		 5-6
5-6
4.
4.		 Financial review
Financialreview		 6-9
6-9

2 2

Appendix Appendix[I] |

WEST WEST WALES WALES[RIVERS] RIVERS TRUST TRUST

1. 1. LEGAL LEGAL AND[AND] ADMINISTRATIVE ADMINISTRATIVE[INFORMATION] INFORMATION

Trust Trust Chair Chair

Mr Mr C[C][Roberts] Roberts

Trust Trust Secretary Secretary K K M[M] Dearing Dearing

Correspondence Correspondence Address Address

Llys Llys Afon, Afon, Hawthorn Hawthorn Rise Rise Haverfordwest Haverfordwest Pembrokeshire Pembrokeshire SA61 SA61 2BQ 2BQ Tel: Tel: 01437 01437 766669 766669 Email: Email:[info@westwalesriverstrust.org] info@westwalesriverstrust.org

Banker Banker

HSBC HSBC

41 41 High High Street Street Haverfordwest Haverfordwest Pembrokeshire Pembrokeshire

SA61 SA61 2BN 2BN

Contact: Contact: Harriet Harriet Alvis[Alvis]

Accountant: Accountant:

Registered Registered Office Office

Pritchard Pritchard[and] and Co.[Co.] Pritchard Pritchard[and] and[Co.] Co. Chartered Chartered Certified Certified[Accountants] Accountants Chartered Chartered Certified Certified Accountants Accountants Ffynnonddofn Ffynnonddofn Ffynnonddofn Ffynnonddofn 74 74 High High Street Street 74 74 High High Street Street Fishguard Fishguard Fishguard Fishguard Pembrokeshire Pembrokeshire Pembrokeshire Pembrokeshire SA65 SA65 9AU[9AU] SA65 SA65[9AU] 9AU

2. 2. STRUCTURE, STRUCTURE, GOVERNANCE GOVERNANCE AND[AND] MANAGEMENT MANAGEMENT

The The Annual Annual Report[Report] of[of][the] the West West Wales Wales[Rivers] Rivers[Trust] Trust and and the[the] Financial[Financial] Statements[Statements][have] have been been prepared prepared[in] in accordance[accordance][with] with[the] the requirements requirements of[of] the[the] ‘Statement['Statement] of[of][Recommended] Recommended Practice', Practice’, and and ‘Accounting 'Accounting and and Reporting Reporting by by Charities’[Charities'] (revised (revised 2005). 2005).

2.1. 2.1. Governing Governing Documents Documents

The The West West Wales Wales[Rivers] Rivers[Trust] Trust[is] is governed governed by[by][its] its Memorandum[Memorandum] and[and] Articles[Articles][of] of Association[ Association] as as incorporated incorporated[under] under the[the] Companies[Companies][Act] Act[1985] 1985[on] on the[the] 18th[18th] February[February] 2003[2003] and[and][amended] amended on on the[the][24] 24 January[January][2017] 2017[and] and 13 13 November November 2023 2023 (to (to reflect reflect the the increase increase[in] in the the Trust's Trust's geographical geographical area area of operation).[of][operation).]

2.2 2.2 Trustees Trustees

The The Trustees Trustees are are as as follows:[follows:]

Mr Mr[Clive] Clive Roberts Roberts[(Chairman)] (Chairman) Dr Dr Ian lan Thomas Thomas

Dr Dr Kay Kay Dearing Dearing[(Secretary)] (Secretary) Mr Mr John John Morris[Morris]

Mr Andrew Mr Andrew Thomas Thomas[(resigned] (resigned May May 2023)[2023)] Mr Mr Edward Edward Evans Evans

Mr Mr Huw Huw Jones Jones (resigned13 (resigned13 November November 2023)[2023)] Dr Dr Mark Mark Macklin Macklin

Mr Mr Steve Steve Evans Evans (appointed (appointed[13] 13 November November[2023)] 2023) Mr Mr[Chris] Chris[Stretton] Stretton Mr Mr Adrian Adrian[Philpott] Philpott (appointed (appointed[13] 13 November November[2023)] 2023) Mrs Mrs Hannah Hannah Corcoran[Corcoran] (appointed (appointed[13] 13 November November[2023)] 2023)

3 3

Appendix Appendix[I] |

WEST WALES WEST WALES RIVERS RIVERS TRUST TRUST

At At each each AGM, AGM, one one third third[of] of the the trustees trustees who who are are subject subject to to retirement retirement by by rotation rotation will will be be required required to to retire retire from from office, office, but but can can again again stand stand for for re-election. re-election. Subject Subject to to the the Articles, Articles, it it is is intended intended that that trustees trustees will will be be selected selected generally generally by by word word of of mouth, mouth, based based on on a a skills skills audit audit carried carried out out by by the the remaining remaining trustees trustees to to secure secure the the balanced balanced expertise expertise

required required for for the the efficient efficient delivery delivery of of the the Trust Trust objectives. objectives.

    1. In In addition addition to to the the Trustees, Trustees, the the Trust Trust was was administered administered and and supported supported in in 2023/2024 2023/2024 by by Harriet Alvis Harriet Alvis (WWRT (WWRT Chief Chief Executive Executive[Officer)] Officer) and and Helen Helen Jobson Jobson (WWRT (IMART Senior Senior Executive Executive[Officer).] Officer). Staff Staff members members Andrew Andrew Thomas, Thomas, Harriet Harriet Thompson-Ball Thompson-Ball and and Katherine Katherine Stephens Stephens[joined] joined the[the][trust] trust and and were were responsible[responsible] for for the the delivery delivery[of] of habitat habitat and and water water quality quality improvements, improvements,[alongside] alongside existing existing staff staff member member Nathaniel Nathaniel James James who who[also] also managed managed the[the] community community engagement engagement team. team. Four Four new new staff staff members, members, Joanna Joanna Leeuwerke, Leeuwerke, Tiff Tiff Drew, Drew, Emma Emma Withers Withers and and Joe Joe Wilkins Wilkins were taken were taken on on[to] to each each cover cover[a] a different[different][county] county[ within] within our our West West Wales Wales catchment[catchment] area. area.

2.3 2.3 Organisational Organisational Chart Chart MANAGEMENT MANAGEMENT STRUCTURE STRUCTURE

----- Start of picture text -----
Board Board of of Trustees Trustees
Chair: Chair: [Clive] Clive Roberts Roberts
Treasurer: Treasurer: Kay Kay
Dearing Dearing
Harriet Harriet Alvis Alvis - - Helen Helen Jobson Jobson - -
CEO CEO SEO SEO
Nathaniel James - Harriet Katherine
NathanielAdopt Adopt Project Projecta a Manager Manager [Tributary] TributaryJames - Andrew Andrew - - Farm arm Advisor THoHiag AdvisorThomas River River Thompson-Ball Thompson-BallHarriet Restoration Restoration- - Stephens StephensKatherineRiver River - -
Project Project Officer Officer Restoration Restoration
Project Pro ect Officer Officer
Joanna Joanna Leeuwerke Leeuwerke - -
Carmarthenshire Carmarthenshire
Engagement Engagement Officer Officer
Iff iff Dew Dew - - Swansea/Neath Swansea/Neath
Port Port Talbot Talbot Engagement Engagement
Officer Officer
Emma Emma Withers Withers - -
Pembrokeshire Pembrokeshire
Engagement Engagement Officer Officer
-
__| Joe Joe Wilkins Wilkins - Ceredigion Ceredigion
Engagement Engagement Officer Officer
----- End of picture text -----

----- Start of picture text -----
|
----- End of picture text -----

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Appendix Appendix |[I]

Due Due[to] to the the large large geographical geographical area area[of] of WWRT, \AMIRT,[it] it has has been been decided decided that that[the] the[Trust] Trust will will

have have a a[Board] Board[of] of approximately approximately[12-16] 12-16 members, members, with[with][3-4] 3-4 members members coming coming[from] from each each

county. county. As As the the geographic geographic area area covered covered by by the the Trust Trust now now extends extends as as far far east east as as the the

Rivers Rivers Neath Neath and and[Afan,] Afan,[in] in[the] the County County Borough Borough[of] of Neath Neath[Port] Port Talbot, Talbot,[it] it[is] is hoped hoped that[that] new new

Trustees Trustees[to] to represent represent[this] this part part[of] of the[the] Trusts Trusts area area of[of] operation operation can can[be] be recruited recruited[in] in[the] the

future. future. The The Board Board will will meet meet 2-3 2-3 times times a a year, year, including including an an Annual Annual General General Meeting Meeting and and

Trustee Trustee[recruitment] recruitment will[will][be] be an an area area of[of] focus focus going going[forward.] forward.

VWVRT WWRT will will maintain maintain an an Executive Executive Operational Operational Group Group[for] for day-to-day day-to-day management, management, while while

the the Board Board of of Trustees Trustees will will be be responsible responsible for for the the strategic strategic direction direction of of the the Trust. Trust.

The The[Trust] Trust has has deliberately deliberately restricted restricted[the] the[size] size[of] of[its] its executive executive and and operational operational team team in[in] order order to to create create a a solid solid foundation foundation for for further further development. development. The The Trust Trust receives receives valuable valuable support support from from Afonydd Afonydd Cymru, Cymru, The The Rivers Rivers Trust,[Trust,] other other Welsh Welsh Rivers Rivers Trusts, Trusts, Natural Natural Resources Resources

Wales Wales and and[other] other groups groups[operating] operating[in] in our our catchment. catchment. WWRT LANRT[will] will continue continue[to] to[build] build up up a a network network of of local local[consultants] consultants and and volunteers volunteers who who are are called called on on from from time time[to] to time time for for[their] their

expertise expertise or or[to] to help help with with specific specific initiatives. initiatives.

3. 3. OBJECTS OBJECTS AND AND ACTIVITIES ACTIVITIES

3.1 3.1 Objects: Objects:

The The objects objects[of the] of the[Trust] Trust are are as as[follows:] follows:

Object Object[1] 1 Through Through community community partnership partnership initiatives initiatives and and otherwise, otherwise, and and for for the[the][benefit] benefit of[ of] the[ the] public[public] generally generally to to secure secure the the conservation, conservation, protection, protection, rehabilitation rehabilitation and and improvement improvement of of the the rivers, rivers, streams, streams, lakes, lakes, and and wetlands wetlands in[in] the[the] Counties Counties of[of] Carmarthenshire, Carmarthenshire, Ceredigion, Ceredigion, Pembrokeshire, Pembrokeshire, Swansea Swansea and and Neath Neath Port Port Talbot Talbot and and adjacent adjacent areas areas and and of of their their banks, banks, riparian riparian land land and and catchment catchment areas areas[in] in all all their their aspects. aspects.

Object Object 2[2] Through Through community community partnership partnership initiatives initiatives and and otherwise, otherwise, and and for[for] the[the][benefit] benefit[ of] of the[ the] public[public] generally generally to to secure secure the the conservation, conservation, rehabilitation rehabilitation and and protection protection of of the the indigenous indigenous species species of of animal animal and and plant plant life life[of] of the[the][rivers,] rivers,[streams,] streams, lakes and lakes and wetlands wetlands[in] in the[the][Counties of] Counties of Carmarthenshire, Carmarthenshire, Ceredigion, Ceredigion, Pembrokeshire, Pembrokeshire, Swansea Swansea and and Neath Neath Port Port[Talbot] Talbot and and of of their their banks, banks, riparian riparian land land and and catchment catchment areas, areas, and and thereby thereby[to] to enhance enhance[the] the Counties Counties biodiversity. biodiversity.

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Appendix Appendix |[I]

Object Object 3[3] Through Through community community partnership partnership initiatives initiatives and and otherwise, otherwise, and for and for the[the][benefit of] benefit of[ the] the public[public] generally, generally, to to advance advance the the education education of of the the public public in in the the understanding understanding of of aquatic aquatic habitats, habitats, their their related related catchment catchment areas, areas, and and their[their] animal animal and and plant plant[life,] life, and and the the need need for for the the conservation,[conservation,] protection, protection, rehabilitation rehabilitation and and improvement improvement of[of] such such environments. environments. . Financial Financial Review Review 4.1 4.1 Financial Financial Policy Policy In In accordance accordance with with the the Memorandum Memorandum of of Association, Association, the the Trustees Trustees retain retain overall overall responsibility responsibility for for the the implementation implementation of of financial financial policy policy in in furtherance furtherance of of the the objects objects of of the the Trust. Trust. They They delegate delegate powers powers for for day-to-day day-to-day running running of of the the Trust Trust to to the the Operational Operational Group. Group. 4.2 4.2 Reserves Reserves Policy Policy West West Wales Wales Rivers[Rivers] Trust Trust undertake undertake a a variety variety[of] of projects projects to[to] achieve achieve our our aims aims as as[set] set out[out][in] in our our[Memorandum] Memorandum[and] and[Articles] Articles of[of][ Association.] Association. In[In][general,] general, the[the][staff] staff[ and] and costs[costs] of[of][ work] work undertaken undertaken by[by] WWRT[IMA/RT] are are supported supported by[by] grant[grant] funding.[funding.] This This restricted[restricted] funding[funding][is] is volatile volatile in in nature, nature, usually usually over over short short timelines timelines and and with with small small allocations allocations for for the the necessary necessary overheads overheads of[of] the[the] WWRT. VWVRT. These These grants[grants] are are also also normally normally funded funded in[in] arrears. arrears. This[This] poses poses distinct distinct problems problems for[for] West West Wales Wales[Rivers] Rivers[Trust:] Trust: 1. 1. WWRT need need[to] to be be able able[to] to cash cash flow flow[projects,] projects, where where payment payment needs needs to[to] be be made made[before] before claiming[claiming] the[the] money money[back.] back. 2. 2. On On occasion, occasion, there there may may be be periods periods between between projects projects where where staff staff costs costs are are unfunded. unfunded. Without Without reserves, reserves, this[this] would would mean mean a a constant constant process process of[of] laying[laying] off off and and hiring hiring new new staff staff for for individual individual[projects,] projects, which which is is not not feasible feasible given given the the short-term short-term nature nature of of many many of of our our projects. projects. Reserves Reserves allow allow staff staff to to remain remain in in place[place] between between projects projects and and continue continue to[to] deliver deliver work work which which contributes contributes to[to] achieving[achieving][the] the aims aims of[of] the[the] Trust.[Trust.] 3. 3. It It is is not not possible possible to to gain gain grant grant funding funding for for all all of of the the activities activities the the Trust Trust may may want want[to] to undertake, undertake,[particularly] particularly[at] at[short] short notice.[notice.] 4. 4. To ease To ease[the] the impact impact of[of] these these problems, problems, West West Wales Wales[Rivers] Rivers[Trust] Trust aims aims to[to] hold hold reserves reserves in in place. place. The The total total reserves reserves should should be be reported reported at at each each of of the the WWRT VWVRT trustee trustee meetings meetings as as part part of of the the CEO’s CEO's report. report. 5. 5. The The overall overall[aim] aim is[is] to[to] have have a a reserve reserve[fund] fund[of] of approximately approximately 1[1] year year[of] of running running costs. costs.[In] In general, general, decisions[decisions] should should[be] be undertaken undertaken with with the[the] aim[aim] of[of] increasing increasing the the total total reserves reserves until until this this[figure] figure is is achieved achieved at at year-end. year-end. This This figure figure shall shall be be re-considered re-considered during[during][the] the annual annual[policy] policy review[review][to] to reflect reflect recent recent growth growth of of the the[Trust.] Trust. 4.3 4.3 Risk Risk Management Management As As a a relatively relatively small[small] charity charity the[the][Trust] Trust[is] is managed managed by by a a close-knit close-knit group group of of highly highly committed committed and and professional professional individuals individuals with with[the] the[benefit] benefit[of] of expertise expertise and and[advice] advice[from] from Afonydd Afonydd Cymru Cymru and and The The’ Rivers Rivers Trust. Trust. Public Public Liability, Liability, Personal Personal Accident, Accident, Employers Employers Liability, Liability, Professional Professional Indemnity Indemnity and and Trustees Trustees Indemnity Indemnity insurance insurance cover cover are are all all in in place. place. Careful Careful risk risk management management of[of] projects projects undertaken undertaken in in partnership partnership with with other other agencies agencies ensures ensures that[that] all all projects projects have have an an agreed agreed cost cost ceiling ceiling and and on on completion completion of of each each project project no no contractors contractors are are[paid] paid[until] until money money[is] is[received] received[from] from[the] the project project partners, partners, with with[the] the exception exception of of where where 6 6

    1. Financial Financial Review Review 4.1 4.1 Financial Financial Policy Policy

Appendix Appendix[I] |

WEST WALES WEST WALES[RIVERS] RIVERS TRUST TRUST

grants grants are are being being claimed claimed in[in] arrears arrears and and then then strict strict eligibility eligibility criteria criteria are are adhered adhered to[to] when when delivering delivering projects projects[to] to ensure ensure[that] that the[the] funds[funds] can can[be] be reimbursed reimbursed to[to][the] the Trust[Trust][via] via an[an][agreed] agreed grants grants claim claim process. process.

4.4 4.4 Principal Principal funding funding sources sources

Following Following on on from from the the successful successful delivery delivery[of] of the the 2021 2021[to] to 2022 2022 Strategic Strategic Allocated[Allocated] Funding Funding (SAF) (SAF) for for the[the] inland inland fisheries fisheries habitat habitat restoration restoration programme programme that[that] was was awarded awarded to to WWRT ivWJRT via via Afonydd Afonydd Cymru, Cymru, WNRT WWRT received received further further funding funding of of £394,674 E394,674 from from the the same same fund[fund] for[for] the[the] period[period][of] of October[October][2022-] 2022[March] March[2024.] 2024.[LIWRT] WWRT[ used] used this[this][funding] funding[to] to successfully successfully deliver deliver the the removal removal of of multiple multiple weirs,[weirs,] carry carry out out fish fish passage passage installation, installation, and and install install[9.3] 9.3 km km[of] of[riparian] riparian[fencing] fencing[to] to reduce reduce livestock livestock erosion[erosion] and and nutrient nutrient[inputs.] inputs. ViMv/RT's WWRT’s Adopt Adopt a a Tributary Tributary project project was was able able[to] to expand expand significantly significantly across across[all] all of[of] the the Counties Counties[in] in which which we we[operate,] operate, thanks thanks[to] to funding funding from from UK UK Government's Government's Levelling Levelling up up Fund Fund[which] which employed employed a a Project Project Officer Officer[in] in[Ceredigion] Ceredigion (Joe (Joe Wilkins),[Wilkins),][Pembrokeshire] Pembrokeshire (Emma (Emma Withers) Withers) and and Carmarthenshire[Carmarthenshire][(Joanna] (Joanna Leeuwerke), Leeuwerke), coupled coupled with[with] the[the] National[National] Lottery's Lottery’s Heritage Heritage Lottery Lottery Fund Fund which which employed employed a a Project Project Officer Officer in in Swansea Swansea and and Neath Neath Port Port Talbot Talbot (Tiff (Tiff Dew). Dew). Each Each of of these Adopt these Adopt officers officers have have their their own own ambitious ambitious engagement engagement and and environmental environmental improvement targets improvement targets[which] which they[they] are[are] working[working] towards[towards] in[in] their their I-year 1-year funding funding periods. periods. Funding Funding was was also also[received] received from from[the] the Rural[Rural][Innovation] Innovation Fund Fund via[via] Carmarthenshire Carmarthenshire[Council] Council to to deliver deliver our our Circular Circular Agricultural Agricultural Plastics Plastics (CAP) (CAP)[Project,] Project, which which aims aims[to] to understand understand the the volumes volumes[of] of agricultural[agricultural] plastics[plastics] being[being][recycled] recycled in[in][Wales.] Wales. This This[project] project will[will] work work[with] with agricultural agricultural plastics plastics collectors, collectors, recyclers recyclers and and farmers, farmers, as as well[well] as as building building on on previous previous research, research, to to develop develop a a more more cost-effective cost-effective program program for for farmers farmers across across Wales Wales[to] to collect collect and and recycle recycle silage silage wrap. wrap. Project Project Officer Officer Harriet Harriet Thompson-Ball Thompson-Ball has has been[been] employed employed to[to] deliver deliver this[this] project.[project.] WINRT WWRT are are pleased pleased[to] to have have begun begun a a new new partnership partnership with[with] Swansea Swansea[Council] Council using[using] Welsh Welsh Government Government[Local] Local Places Places for[for][Nature] Nature funding, funding,[to] to[identify] identify and and address[address] barriers[barriers][to] to fish[fish] migration migration in[in] Swansea. Swansea. This This period period involved involved the the surveying surveying and and design design[of] of multiple multiple interventions, interventions,[which] which we we hope hope[to] to deliver deliver later[later][in] in 2024/2025.[2024/2025.] During During this this period, period, WRT WRT have have begun beguna a three-year three-year partnership[partnership][with] with[Natural] Natural[Resources] Resources Wales, Wales, Welsh Welsh Water Water (DCWW) (DCWN) and and Afan Afan[Valley] Valley Angling Angling Club[Club] which[which] aims aims[to] to restore restore the[the] Nant Nant[Clais,] Clais, an an[important] important spawning spawning[tributary] tributary of[of] the[the][River] River Afan.[ Afan.] A A programme programme of[of][ works] works will[will] be be carried carried out out with with the[the] support support[of] of volunteers, volunteers, including including litter litter[picks,] picks, Himalayan Himalayan balsam balsam pulling, pulling, Japanese Japanese knotweed knotweed treatment, treatment, tree tree[coppicing] coppicing and and the[the] installation installation of[of] large large woody woody material material[to] to improve improve flow[flow] diversity. diversity. Throughout Throughout[this] this year, year, WWRT \MNRT remained remained a a[key] key[partner] partner[in] in[the] the delivery delivery of[of] the[the][Swansea] Swansea University University led,[led,][National] National Lottery[Lottery] Heritage Heritage Fund’s Fund's[Nature] Nature Networks[Networks] Fund Fund (NNF)[(NNF)] funded[funded] ‘Reconnecting 'Reconnecting[the] the Salmon Salmon Rivers Rivers of[of] Wales’[Wales'][Project.] Project. The The focus focus of[of] the[the] project[project] is[is] the[the] removal removal of of barriers barriers that[that] impact impact fish fish migration, migration, and and[it] it[aims] aims[to] to help[help] reconnect reconnect[five] five[iconic] iconic Atlantic Atlantic salmon salmon rivers[rivers][in] in Wales Wales and and[revert] revert[the] the impacts impacts[caused] caused[by] by[habitat] habitat fragmentation.[fragmentation.] Reconnecting Reconnecting quality quality habitats habitats for for salmon salmon will will make make salmon salmon populations populations[less] less isolated isolated and and therefore therefore more more resilient resilient to[to] future future change. change.[It] It will will also also benefit benefit many many other other aquatic[aquatic] species,[species,] including including the[the] freshwater freshwater pearl pearl mussel,[mussel,] sea sea[trout,] trout, sea sea[lamprey,] lamprey,[white-clawed] white-clawed crayfish,[crayfish,] and[and] the the Eurasian Eurasian otter[otter] who who require require free-flowing free-flowing rivers. rivers. The The project project[is] is a a collaboration collaboration[of] of partners partners (Natural (Natural Resources Resources Wales, Wales, Welsh Welsh[Water,] Water, West West Wales Wales Rivers[Rivers][Trust,] Trust, Afonydd Afonydd Cymru, Cymru, Afan Afan Valley Valley Angling Angling Club Club and and[the] the Wye Wye & & Usk Usk Foundation) Foundation) and and[the] the aim[aim] was was to[to]

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Appendix Appendix[I] |

remove remove and/or[and/or] ease ease 17[17] disused[disused][barriers] barriers and[and] help[help] reconnect reconnect[141] 141[km] km[of] of fragmented[fragmented] river[river] habitats habitats across across Wales. Wales. The The first[first] phase phase[of] of this this project project saw saw[the] the full full removal removal[of] of a a weir weir and and a a[pipe] pipe culvert, culvert, along along with with the the easement easement of of two two pipe pipe bridges bridges using using pre-barrages pre-barrages & & bed-checks bed-checks and and a a weir weir using using a hybrid hybrid rock rock ramp. ramp. This This year year saw saw the the successful successful full full removal removal of[of] three three weirs weirs on on the the Afon Afon Afan, Afan, that that were were posing posing a a barrier barrier to to the the movement movement of of small small fish fish species, species, as as well well as as impounding impounding[the] the watercourse watercourse and and[preventing] preventing natural natural geomorphological geomorphological and and hydrological hydrological processes. processes.[DCIgWv1] DCWW[ contributed] contributed E25k £25k match[match] funding[funding][towards] towards the[the][work] work to[to] remove remove[these] these weirs weirs as as they they were were originally originally constructed constructed to to hold/protect hold/protect a a Dwr Dwr Cymru Cymru sewer sewer pipe pipe which which ran ran through through[the] the centre[centre] of[of] each each of[of] the[the] weirs. weirs. This This sewer sewer[pipe] pipe network network is[is] now now disused disused and and therefore therefore the the weirs weirs no no longer longer served served any any purpose purpose but but were were continuing continuing to to impact impact the the ecology ecology[of] of the[the][river.] river. In In addition addition to to the the three three weir weir removals removals a a further further weir weir structure structure on on the the Afon Afon Afan Afan at at Maes Maes y y Bettws Bettws was was[identified] identified as as posing posing a a barrier barrier[to] to fish fish migration migration and and impounding impounding the the watercourse. watercourse.[VW,/RT] VWWWRT commissioned commissioned[the] the production[production] of[of] a a feasibility feasibility report report to[to] outline outline[the] the opportunities opportunities for[for] improved improved[fish] fish passage passage and and geomorphic geomorphic processes processes[at] at[the] the site, site, backed backed up up by[by] ground[ground] investigations investigations and and modelling, modelling,[to] to ensure ensure that that any any proposed proposed actions actions would would not not increase increase flood flood and and erosion erosion risk risk and and enable enable the the Trust Trust to to take take forward forward any any future future fish fish passage passage improvements[improvements][with] with greater[greater] confidence.[confidence.] Also, Also, under under the the NNF NNF[Project,] Project, WRT VW\/RT continued continued[to] to progress progress with with the the development development of of two two projects projects[to] to replace[replace] pipe[pipe] culverts culverts on on the[the] Afon Afon[Marlais] Marlais & & Afon Afon[Dulais] Dulais with with new new bottomless bottomless culverts. culverts. During During this this period period extensive extensive design design work work took took place place to to develop develop this this innovative innovative easement easement solution solution[to] to enable enable fish[fish] passage passage[at] at all[all] river[river] level level heights.[heights.] Topographical Topographical surveys, surveys, Geotechnical Geotechnical investigations investigations and and liaison liaison between between[the] the principal[principal][contractor,] contractor, structural structural engineer engineer and and culvert culvert manufacturers manufacturers were were[required] required[to] to design design schemes schemes that[that] could could be be implemented implemented at at each each location. location. This This process process took took a a significant significant amount amount of of time time and and therefore therefore the the actual actual delivery delivery of of the the[capital] capital works works to[to] carry carry out out the the installation installation of of the the two two new new structures structures was was carried carried over over into into the the 2024 2024 in-river in-river working working season season (from (from April[April] 2024 2024 onwards). onwards).

m,NRT WWRT have have continued continued to[to] deliver deliver smaller smaller pieces pieces of of service service work work under under our our Charitable Charitable Objectives. Objectives.[In] In this[this] financial financial year, year, this[this] involved[involved][invasive] invasive species species surveys surveys and and sediment sediment pathways pathways research,[research,] along along with with the[the] delivery delivery[of] of farm farm advisory advisory visits visits and and engagement engagement events events[under] under an an Agriculture Agriculture Project Project funded[funded][via] via[the] the Carmarthenshire Carmarthenshire Nature[Nature] Partnership[Partnership] Local Local Places Places for for Nature Nature Grant Grant and and the the delivery delivery of of Outfall Outfall Safari Safari events events through through DCWW’s DCWWs Citizen Citizen[Science] Science Fund. Fund. The The main main piece piece of of service service work work was was delivery delivery of of the the Afon Afon Teifi Teifi SAC SAC Catchment Catchment Phosphate Phosphate Reduction Reduction and[and] Mitigation[Mitigation] Project Project (PRAM (PRAM Project) Project) in[in][partnership] partnership with with Ceredigion Ceredigion County County

Council Council which which aimed aimed to to improve improve the the condition condition of of the the Afon Afon Teifi, Teifi, a a designated designated Special Special Area Area

of of Conservation, Conservation, by by reducing reducing phosphorus phosphorus load load and and safeguarding safeguarding the the natural natural heritage. heritage.

This This project project is[is] funded funded by by the[the] Nature Nature Networks Networks Programme Programme which which is[is] being[being] delivered delivered by by

the the Heritage Heritage Fund, Fund, on on behalf behalf of of the the Welsh Welsh Government. Government. The The Trust's Trust’s delivery delivery in in this this

project project included included the the installation installation[of] of Sustainable Sustainable Urban Urban drainage drainage features, features, 9km 9km of[of] riparian[riparian] fencing, fencing,[the] the delivery delivery[of] of farm[farm] infrastructure[infrastructure] surveys surveys and and capital[capital] improvements, improvements, and and

multiple multiple engagement engagement activities. activities.

Throughout Throughout the[the] year, year, WRT VWVRT has has continued continued with with[the] the delivery delivery of of our our on-going on-going programme programme of of liming liming to[to] counteract counteract[acidity] acidity issues issues in in the the Upper Upper Tywi Tywi catchment, catchment, utilising utilising mitigation mitigation funding funding for[for] Brianne reservoir Brianne reservoir[from] from DCLW. DCWW. LWRT WWRT have have also[also] continued continued[to] to share share

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Appendix Appendix |[I]

WEST WEST WALES WALES[RIVERS] RIVERS TRUST TRUST

concerns concerns[regarding] regarding the[the][proliferation] proliferation[of] of new new[Forestry] Forestry[plantations] plantations[in] in[the] the[acid] acid sensitive[sensitive] catchments catchments of[of] the[the] Upper Upper Tywi.[Tywi.]

Once Once[again,] again, the[the] Trust Trust[has] has[been] been[grateful] grateful[for] for donations donations from[from] local local[landowners,] landowners, community community groups, groups, residents[residents][and] and members[members][of] of[angling] angling[clubs] clubs[and] and[funds] funds received[received] from[from] our[our] grant[grant] supporters. supporters.

Going Going forward, forward, future future income income generation generation is[is] expected expected[to] to diversify[diversify] further further as as we we aim aim to[to] increase increase our our financial financial security security[by] by[exploring] exploring new new funding[funding] and[and] service[service][ work] work opportunities[opportunities]

and and increasing increasing[the] the delivery delivery[capabilities] capabilities[of] of Trust Trust staff,[staff,] including including fresh fresh partnerships[partnerships][with] with new new[bodies] bodies[and] and[organisations.] organisations. Furthermore,[Furthermore,] WWRT are are being[being][actively] actively supported supported by[by]

Afonydd Afonydd Cymru Cymru[to] to diversify diversify and and[extend] extend[the] the range range[of] of[its] its activities activities[in] in line[line][with] with[its] its charitable charitable objects, objects, including including[supporting] supporting[Councils] Councils in[in][their] their[responsibilities] responsibilities[to] to[improve] improve water water quality.[quality.]

Full Full details details of of the[the] Trust's Trust's projects projects and and ongoing ongoing activities activities can can[be] be viewed viewed on on[the] the Trust’s Trust's

website website[(www.westwalesriverstrust.org)] (www.westwalesriverstrust.org) or or social social media media[channels:] channels: Facebook[Facebook] and and

Linkedin Linkedin at at ‘West 'West Wales Wales Rivers Rivers Trust' Trust’ and and Twitter Twitter and and Instagram Instagram @westwalesrt @westwalesrt

4.5 4.5 Trustees Trustees Responsibilities Responsibilities

Company Company and and charity charity[law] law requires requires[the] the trustees trustees to[to] prepare prepare financial financial statements statements for[for]

each each financial financial year year[which] which give[give] a a[true] true and[and] fair[fair][view] view of[of][the] the[state] state of[of] affairs[affairs] of[of][the] the charity charity and and[of] of the[the] surplus[surplus] or or deficit[deficit][of] of[the] the charity charity[for] for that[that] period.[period.] In In preparing preparing those those financial financial[statements,] statements,[the] the trustees trustees are are required[required][to] to

The The trustees trustees are are responsible responsible for for keeping keeping proper proper accounting accounting records records which[which] disclose disclose with with reasonable accuracy reasonable accuracy at[at] any any time time the the financial financial position position of of the[the] charity charity and and to[to] enable enable[them] them to to ensure ensure that that the the financial financial statements statements comply comply with with the the Companies Companies Act Act[1985,] 1985, applicable applicable standards, standards, the the statement statement of of recommended recommended practice practice[and] and[the] the regulations regulations made made[under] under the[the] Charities Charities Act[Act][1993.] 1993.[The] The trustees trustees[are] are also also responsible responsible for for safeguarding safeguarding[the] the assets[assets][of] of[the] the charity charity and and hence hence for[for][taking] taking reasonable reasonable steps steps for for[the] the prevention and prevention and[detection] detection[of] of fraud fraud and and other[other] irregularities. irregularities. ON ON BEHALF BEHALF OF OF THE THE BOARD: BOARD: Dr Dr Kay Kay Dearing Dearing - - Treasurer Treasurer <a. Approved Approved[by] by the[the] Board Board on on 26 Recomber AC Ap

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