2022-12-31-accounts - The Rivers Trust

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						Page
Trustees' annual report (incorporating			the	directors'	report)
Independent auditor's	report to	the members				15
Statement offinancial	activities	(including		income and
expenditure account)						19
Statement offinancial	position					20
Statement ofcash flows						22
Notes to the financial	statements					23

Reference	and administrative	and administrative	details
Registered	charity name		The Rivers Trust
UK Charity	registration	number	1107144
Ireland Charity registration			20206391
number
Company	registration	number	05136671
Pdincipal office and registered			Rain-Charm House,		Kyl Cober Pare
office			Stoke Climsland
			Callington
			Cornwall
			PL178PH
President			I D Gregg OBE
The Trustees			D R Brown (resigned			6 July	2022)
			Dr LBCouldrick
			Dr BR Davies
			J E Harrison
			C Hitchmough
			A W Muirhead
			ESPassey (appointed			6 July 2022)
			BCSchoonbaert JWA Specs	(appointed			6 July	2022)
			G D M Thomas
			A RWallace
			J M White (Chairman)
Company Secretary			R C Caley (appointed			20 March 2022)
Chief Executive Officer			M Lloyd
Auditor			Westcotts (SW) LLP
			Chartered accountants			8 statutory		auditor
			Plym House
			3Longbridge Road
			Marsh Mills
			Plymouth
			Devon
			PL6 8LT

				2022		2021
			Unrestricted	Restdicted
		Note	funds 8	funds f	Total funds	Total funds f
Income and endowments
Donations and legacies		5	391,992		391,992	180,263
Chadtable activities		6	39,410	4,830,833	4,870,243	3,553,244
Other trading activities		7	469,359		469,359	70,855
Investment income		8	324		324	874
Total income			901,085	4,830,833	5,731,919	3,805,236
Expenditure
Expenditure on charitable	activities	9,10	450,536	4,904,874	5,355,410	3,847,942
Costs oftrading activities			435,060		435,060	62,360
Total expenditure			885,596	4,904,874	5,790,470	3,910,302
Net income/(expenditure)			15,489	(74,041)	(58,552)	(105,066)
Transfers between funds		24	(69,852)	69,852
Net movement in funds			(54,363)	(4,189)	(58,552)	(105,066)
Reconciliation offunds
Total funds brought forward			1,060,349	182,339	1,242,688	1,347,754
Total funds carried forward			1,005,986	178,150	1,184,136	1,242,688

		trots	2022 f	2021 6
Fixed assets
Tangible fixed assets		18	43,553	33,927
Investments		19	200	200
			43,753	34,127
Current assets
Debtors		20	1,516,696	1,378,064
Cash at bank and in	hand	21	3,433,632	2,182,988
			4,950,328	3,561,052
Creditors: amounts	falling due within one year	22	3,809,945	2,352,491
Net current assets			1,140,383	1,208,761
Total assets less current liabilities			1,184,136	1,242,688
Net assets			1,184,136	1,242,688
Funds ofthe chadity
Restricted funds			178,150	182,339
Unrestdicted funds			1,005,986	1,060,349
Total charity funds		24	1,184,136	1,242,688

			2022	2021
		Note	6
Fixed assets
Tangible fixed assets		18	43,553	33,927
Current assets
Debtors Cash at bank and in	hand	20 21	1,513,307 3,679,799	1,347,729 2,278,157
			5,193,106	3,625,886
Creditors: amounts	falling due within one year	22	4,052,523	2,417,125
Net current assets			1,140,583	1,208,761
Total assets less current liabilities			1,184,136	1,242,688
Net assets			1,184,136	1,242,688
Funds ofthe charity
Restricted funds Unrestricted funds			178,150 1,005,986	182,339 1,060,349
Total charity funds		24	1 184 136	1 242 688

Year ended 31 Decem	ber 2022
			2022	2021
			6	8
Cash flows from operating	activities
Net expenditure			(58,552)	(105,066)
Adjustments for:
Depreciation oftangible fixed assets			19,566	15,462
Dividends, interest and rents Increase in deferred income	from investments		(324) 1,202,391	(874) 147,888
Decrease in stocks				944
Changes/n:
Trade and other debtors Trade and other creditors			(287,579) 555,008	(267,825) (31,315)
Cash generated from operations			1,430,510	(240,786)
Net cash from operating activities			1,430,510	(240,786)
Cash flows from investing	activities
Dividends, interest and rents	from investments		324	874
Purchase oftangible assets Proceeds of loan repayments	received		(29,192) 122,000	(23,354) 843,775
Net cash used in investing activities			93,132	821,295
Cash flows from financing	activities
Loan repayments made			(122,000)	(843,775)
Net cash (used in)/from financing activities			(122,000)	(843,775)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning		ofyear	1,401,642 2,278,157	(263,266) 2,541,423
Cash and cash equivalents	at end ofyear		3,679,799	2,278,157

Donations	and legacies
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2022	Funds	2021
Donations:
Donations	from organisations		48,884	48,884	54,640	54,640
Donations	from individuals		253,537	253,537	22,788	22,788
Fellowships	and Associated	donations	74,500	74,500	67,500	67,500
Gift aid			15,071	15,071	35,335	35,335
			391,992	391,992	180,263	180,263

								Unrestricted	Restricted	Total Funds
								Funds	Funds	2022
								8	6
	National	and European				projects		2,516	4,830,833	4,833,349
	Education and		River Trust				development	36,894		36,895
								39,410	4,830,833	4,870,243
								Unrestricted	Restricted	Total Funds
								Funds	Funds	2021
									6	F
	National	and European				projects		7,697	3,511,756	3,519,453
	Education	and	River Trust				development	33,791		33,791
								41,488	3,511,756	3,553,244
7.	Income from		other trading				activities
Summary oftrading				results:
									2022f	2021
	Turnover							469,359		70,855
	Cost ofsales							(415,934)		(49,884)
	Gross profit								53,425	20,971
	Administrative		expenses					(19,474)		(12,476)
	Other operating			income					349
	Profit for the financial year								34,300	8,495
	Gift Aid donation			toThe		River Trust		(34,300)		(8,495)
	Movement	in retained			earnings
Ass	ets and liabilities
									2022	2021
									6	6
	Assets								390,490	124,552
	Liabilities								(390,290)	(124,352)
	Capital								(200)	(200)

						Unrestricted	Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds f		2022	Funds	2021 E
	Bank interest						324	324	874	874
9.	Expenditure		on charitable		activities by	fund type
								Unrestricted	Restricted	Total Funds
								Funds f	Funds	2022 E
	National and	European		projects				158,408	4,904,874	5,063,282
	Education and River Trusts Governance				development			248,435 43,693		248,435 43,693
								450,536	4,904,874	5,355,410
								Unrestricted	Restricted	Total Funds
								Funds	Funds	2021
								E	8	8
	National and European projects Education and River Trusts development Governance							148,848 165,147 18,117	3,515,830	3,664,678 165,147 18,117
								332,112	3,515,830	3,847,942
10.	Expenditure	on charitable			activities by	activity	type
					Activities	Grant		Activity
					undertaken	funding	of	support	Total funds	Total fund
					directly	activity		costs	2022	2021
					E	8		E		E
	National and European projects				2,828,158	2,235,124			5,063,282	3,664,678
	Education and development		River Trusts		21,468			226,967	248,435	165,147
	Other costs							43,693	43,693	18,117
					2,849,625	2,235,124		270,660	5,355,410	3,847,942

			Total funds	Total funds
			2022	2021
			6	E
Activities undertaken
Project costs			137,862	26,041
Other costs			263,834	116,214
Consultancy			784,965	504,395
Wages and salaries			1,641,496	1,459,585
			2,828,157	2,106,235
Grants to institutions
Action for the River Kennet			156,174
Ballinderry Rivers Trust			264,268
Bureau de Recherches	Geologiques	et Minieres	52,422
Environment Agency			55,867	27,384
Essex and Suffolk Rivers Trust				21,376
Loch Lomond Fisheries	Trust			30,000
Luna Rivers Trust			31,649	30,000
Mersey Rivers Trust			47,935	54,449
Norfolk Rivers Trust			63,057	27,450
Northumberland Rivers	Trust		45,500	45,500
Ribble Rivers Trust			36,813	109,179
Severn Rivers Trust			26,587	41,216
Source to Tap Land Incentive Scheme			58,577	514,535
South East Rivers Trust			37,167	44,167
Sustainable Catchment	Project Farm	Grants	182,900
Thames 21			189,337	196,833
The National Trust			48,054	28,271
The Woodland Trust				24,851
Trent Rivers Trust				30,000
WaterCog European Partners			439,556	138,810
West Cumbria Rivers Trust			49,320
Westcountry Rivers Trust			61,787	21,446
Wye and Usk Foundation			57,912	37,794
Wyre Rivers Trust				60,023
Other grants to institutions			330,242	75,158
			2,235,124	1,558,443
Total			5,063,282	3,664,678

12.Education and Rivers Trust development
	Totalfunds	Total funds
	2022f	2021f
Activities undertaken
Seminar costs Other costs	4,688 16,780	3,877 14,131
	21,468	18,008
Support costs
Office costs	55,735	28,157
Travel	10,798	3,393
Consultancy	14,203	18,791
Exchange rate (gain)/loss	(61,304)	39,044
Wages and salaries	187,969	42,292
Depreciation	19566	15,462
	226,967	147,139
Total	248.435	165,147

13.Ana	lysis ofgove	rnance and support costs
			Total funds	Total funds
			2022f	2021f
Consultancy			2,657	805
Wages	and salaries		32,006	18,040
Auditors	remuneration	- charity	9,031	2,272
Total			43,693	18,117

aggregate payroll costs were as follows;
	2022 8	2021 f
Staff costs during the year were:
Wages and salaries	1,692,772	1,280,228
Social security costs	185,161	134,502
Pension costs	141,626	120,988
Pension costs	2,019,559	1,535,718

	2022	2021
	No	No
560,001-870,000	1		1
270,001-880,000	5
880,001-690,000	1
290,001-8100,000
8100,001-F110,000
8110,001-5120,000

			2022	2021
			6
	Audit ofthe financial statements		6,000	7,005
	Other fees to auditors
	All other assurance services		13,776	15,918
17.	Net expenditure
	Net expenditure	is stated after charging/(crediting):
			2022	2021
	Depreciation of	tangible fixed assets	19,566	15,462

Tangible fixed assets
Group	Office and
	other
	equipment
	8
Cost
At 1 January 2022	72,161
Additions	29,192
Disposals Other movements	(5,076) 673
At 31 December 2022	96,950
Depreciation
At 1 January 2022	38,234
Charge forthe year	19,566
Disposals Other movements	(5,076) 673
At 31 December 2022	53,397
Carrying amount
At 31 December 2022	43,553
At 31 December 2021	33,927
Charity	Office and
	other
	equipment
	8
Cost
At 1 January 2022	65,897
Additions	29,192
Disposals Other movements	(5,076) 673
At 31 December 2022	90,686
Depreciation
At 1 January 2022	31,970
Charge for the year	19,566
Disposals Other movements	(5,076) 673
At 31 December 2022	47,133
Carrying amount
At 31 December 2022	43,553
At 31 December 2021	33,927

			Proportion of
	Country of		voting rights and
Undertaking	incorporation	Holding	shares held	Principal	activity
River Ecosystem	England and			Environmental
Services Limited	Wales	Ordinary	100%	consulting	activities

20. Debtors
			Group		Charity
		2022 E	2021 f	2022	2021 E
Trade debtors		1,163,280	998,255	1,032,611	978,667
Amounts owed by group undertakings				147,711	59,718
Prepayments	and accrued income	347,698	227,049	334,045	217,679
Other debtors		2,329	122,425	2,329	122,000
		1,513,307	1,347,729	1,516,696	1,378,064

21.	Cash and cash equivalents
			Group	Charity
		2022 6	2021 f	2022 6	2021 6
Cash	at bank	3,679,792	2,278,150	3,433,625	2,182,981
Other	cash and cash equivalents	7	7	7	7
		3,679,799	2,278,157	3,433,632	2,182,988

22. Creditors: amou	e within one yea	r
		Group		Charity
	2022 6	2021 f	2022 6	2021
Otherloans Trade creditors	430,184	122,000 30,774	383,673	122,000 23,047
Accruals and deferred income Social secudty and other taxes	2,864,829 151,613	1,377,365 60,510	2,688,298 132,076	1,322,818 58,150
Other creditors	605,898	826,476	605,898	826,476
	4,052,524	2,417,125	3,809,945	2,352,491

Deferred income
Group
		2022 6	2021 f
At 1 January 2022 Resources deferred in the period Amounts released from previous	periods	(1,298,543) (4,518,715) 3,316,324	(1,150,655) (2,122,622) 1,974,734
Deferred income at year end		(2,500,934)	(1,298,543)

e has been deferred on the basi Charity	s that the relevant perf	ormance criteria have not bee	n met.
		2022	2021
At 1 January 2022 Resources deferred in the period Amounts released from previous	periods	(1,246,429) (4,273,488) 3,172,856	(1,101,000) (2,067,908) 1,922,479
Deferred income at year end		(2,347,061)	(1,246,429)

				Balance	Balance				Balance as
				as	at 1	Incoming	Resources	Transfers	at 31
				January		resources	expended	in/(out)	December
				2022					2022
				6				6
Unrestricted funds
Core				1,060,349		901,085	(885,596)	(69,852)	1,005,986
				1,060,349		901,085	885,596	69,852	1,005,986
Restricted funds
3C's						14,874	(14,874)
AA-FLOODS				12,130		36,550	(40,437)		8,243
ABP Enforcement	Undertaking					3,571	(3,571)
Amazon Water Replenishment						159,483	(159,483)
Ballinderry &Lough		Neagh
StoryMap						1,926	(1,926)
Barrier Prioritisation						1,505	(1,505)
BRILLlaNCE					869				869
CaBA				22,	116	289,116	(289,116)		22,116
CaBA FCRM Capacity Building CamEO Catchment Systems						25,340	(34,984)	9,645
Operator Pilot						108	(108)
Carbon Connect Catchment Monitoring			Co-	9,470		13,567	(15,621)		7,416
operative						526,095	(526,899)	804
Chalk Stream WG	StoryMap					739	(739)
CIRIA NFM Design		Handbook				343	(343)
Collaborative Fisheries
Monitoring Programme						26,128	(26,128)
Coke Replenish 2						312,620	(312,620)
Courtauld 2025 Grants						3,019	(3,019)
Courtauld 2030						78,000	(78,000)
DEFRA RIF - Phase		3		5,726					5,726
EA Your Fisheries Phase 2 EA Underspend for Market						3,245	(3,676)	421	(10)
Creation									1
Eels EF Regional Development				4,500			(149)	149	4,500
Grant						98,259	(98,259)
EIRE (Ireland) Start-up						43,080	(43,080)
EFS NI						91,217	(58,521)		32,696
EFSNI GFP21-26						98,904	(98,601)		302

24. Analysis ofcharitable fun	ds (continued)
Esmee Fairbairn Strategy
Development		610	(610)
Esmee Fairbaim Wyre NFM		26,331	(26,331)
EFWEG Support Facility		3,545	(1,738)		1,807
ESRI ELA		5,475	(5,475)
Farm Advice Database		13,047	(10,440)	(2,608)
Fishmongers' Fisheries Fishmongers Water Quality	30,001	44,112	(74,881)	768
Advocacy		22,053	(22,053)
Garfield Weston Grant		56,720	(56,720)
Glenderamackin NEIRF		12,016	(12,516)	500
Great British Spring Clean		162	(162)
Greggs CURRF		72,206	(72,206)
Humber		700	(700)
In-NO-Plastic	(1,396)	94,079	(94,079)		(1,396)
iCatch Hub Network John Ellerman Foundation		2,821	(2,821)
Grant		39,410	(39,410)
Keeping Rivers Cool
Leeds NFM IRF		59,976	(60,056)	80
LifelP EU CleanEst		4,486	(4,486)
Life IP Natural Course	66,455	104,754	(114,081)		57,128
Link Chemicals Campaign		11,398	(11,398)
Lough Neagh Project		480		(480)
M&SWater Stewardship		6,432	(6,432)
Natural Capital (Anglia) Natural England Blue Spaces		18	(18)
Mapping		3,692	(3,692)
NEIRF - BART		1,520	(1,520)
NEIRF - DIME		1,312	(1,312)
NEIRF - Eden Catchment		1,885	(2,674)	789
NEIRF - SERT		2,793	(2,793)
NEIRF Replenishing Nature		25,148	(25,148)
NEIRF - Tyne		755	(255)	(500)
NERC Q-NFM		3,827	(3,827)
Nene NFM		2,645	(3,018)	373
Northern Ireland	49				49
Northumberland Story Map			(21)	21
NRT/Coke Restoring Nature		6,585	(6,585)
Oxford Bathing Waters	78	2,300	(2,300)		78
PinPoint Patagonia Tides	(1) 712	469	(769)	299	(1) 712
Preventing Plastic Pollution		120,006	(167,512)	47,507

24. Analysis ofchari	table fun	ds (continued)
Primrose Lodge Blue			23,773	(23,773)
Prince ofWales Charitable
Foundation			65,551	(65,551)
River Bathing Water
Development			2,908	(2,908)
River Suffer Campaign			214	(214)
RT Movement Drone Surveys			1,700	(1,714)	14
Shellfishedies Risk Mapping			4,043	(4,043)
Source to Tap		(1)	191,528	(203,087)	11,559	(1)
Strategic Development	Fund	3,950	50,518	(50,518)		3,950
Sustainable Catchment	Project
2022 - TRT			496,148	(496,148)
Thames21 Brent StoryMap			583	(583)
Thames Catchment Thames Technical Support		20	4,333	(4,333)		20
Project			6,847	(6,847)
The Ouffall Safari		1,116	229	(229)		1,116
TICP Data Platform
TopSoil		17,630	39,033	(40,722)	1,689	17,630
Treasure Your River			7,863	(7,863)
Trees for Water (MSA)			30,136	(30,136)
Turing Internship			8,872	(8,872)
Water for Tomorrow		8,218	276,505	(270,300)		14,424
Water Resources Priority
Catchm ants			119,673	(119,673)
WaterCoG			440,700	(439,609)	(1,093)
WATERLife
West Wales RT StoryMap			85		(85)
Woodlands for Water			460,067	(459,985)		85
WWF/Coke Phase 3			680	(680)
YDRT &DVRN Technical
Partnership			11,561	(11,561)
Yorkshire Water CaBA
Partnerships			5,825	(5,825)
Other		691				691
		182,339	4,830,833	4,904,872	69,852	178,150
Total offunds		1,242,688	5,731,918	5,790,468		1,184,136

					Balance as
	Balance as				at 31
	at 1January	Incoming	Resources	Transfers	December
	2021 K	resources f	expended	in/(out)	2021 6
Unrestricted	1,231,951	293480	394,472	70,610	1,060,349
	1,231,951	293,480	(394,472)	(70,610)	1,060,349
Restricted
CaBA NSG &
CamEO	22,194	271,421	(271,499)		22,116
Catchment Monitoring
Co-operative			(9,846)	9,846
Coke Replenish		292,147	(292,147)
Courtauld 2025
Grants		94,473	(94,473)
Eels EF Regional	11,214		(6,714)		4,500
Development Grant		89,149	(89,149)
EFS NI		59,785	(59,785)
EFSNI GFP21-26 Esmee Fairbairn		16,286	(16,286)
Operations Grant		40,500	(40,500)
Esmee Fairbairn
Wyre NFM		51,106	(51,106)
Fishmongers'
Fisheries		70,677	(40,677)		30,001
Garfield Weston
Grant		51,242	(51,367)	124
Greggs PBT		186,714	(186,714)
In-No-Plastics		41,714	(43,109)		(1,396)
Ireland Start-Up		47,528	(47,528)
John Ellerman
Foundation Grant		29,313	(29,313)
Morecambe Bay
Volunteer Hub		11,622	(11,622)
Natural Course	50,382	224,587	(208,514)		66,455
Preventing Plastic
Pollution		100,124	(108,766)	8,643
Primrose Lodge Blue		84,781	(85,064)	283
Prince ofWales
Charitable Foundation		63,659	(63,659)
Source to Tap		611,043	(653,830)	42,787
Strategic
Development Fund	3,950	106,369	(106,369)		3,950

TopSoil	17,631	25,306	(29,077)	3,770	17,630
Trees for Water
(MSA)		26,754	(6,754)
Water for Tomonow		148,497	(140,186)	(93)	8,218
Water Resources
Priority Catchments		69,505	(69,505)
WaterCoG		223,417	(221,858)	(1,559)	3
Woodlands for Water		149,539	(149,539)
WWF/Coke Phase 3		33,402	(33,402)
Other restricted
funds	10431	291,096	277,472	6,809	30,864
Total restricted	115,803	3,511756	3,515830	70610	182,339
Total funds	1 347754	3,805236	3910,302		1,242,688

Analy	sis ofchanges in net cash
				At
		At 1 Jan 2022 f	Cash flows f	31Dec	2022 f
Cash	at bank and in hand	2,278,157	1,401,642	3,679,799
Loans	from other entities	122,000	(122,000)
Loans	to other entities	(122,000)	122,000)
		2,278,157	1,401,642	3,679,799