Company registration number: 05136671
UK charity registration number. 1107144
Ireland charity registration number: 20206391
The Rivers Trust
(A company limited by guarantee)
Annu81 Report and Financial Statements
for the Year Ended 31 December 2024
WESTCOTTS
CMARIEAFD ACCOUt4TA14TS
1 gU$INE55 ADVI$GR$

The Rivers Trust
Contents
Reference and Administrative Detai18
1to2
Trustees, Report
3to13
Independent Auditols Report
14to17
Con801idated Statement of Flnancial Activities
18
Consolidated Balance Sheet
19
Balance Sheet
20
Consolidated Stat8ment of Cash Flows
21
Notes to the Financial Statements
22to58

Thè Rivers Trust
Reference and Admlnistrative Details
Presldent
l D Gregg OBE
Trustegs
Dr B R Davies
J E Harrlson
C Hitchmough (resigned 2 July 2024)
J A Mills
A W Muirhead
B A O'Hanrahan
E S Passey
B C Schoonbaert
JWASpees
G D M Thomas (Chairl
Jmwhite
Company Secretary
R Caley
Chlef Executlvo Offlcer
M Lloyd
UK Charity Reglstration Number 1107144
Ireland Charfty Reglstration
Number
20206391
Company Reglstratlon NuM￿r 05136671
The charity is incorporated in England and Wales.
Page 1

Tha Rivers Trust
Referenc8 and Adminlstrative Details
Reglstered Office
Rain-charm House
Kyl Cober Parc
Stoke Climsland
Callington
Comwall
PL17 8PH
Auditor
Westcotts (SWI LLP
Chartered accountants & statutory auditors
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT
Bankers
The Co-operative Bank PIC
P.0. Box 101
1 Balloon Street
Manchester
M60 4EP
Lloyds Bank PIC
8 Royal Parade
Plymouth
PL1 1TX
Santander UK PIC
Bridle Road
Bootle
Merseyside
L30 4GB
Page 2

The Rivers Trust
Trustees. Report
The Trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements and auditorfs report of the charitable company for the year ended 31
December 2024.
Objects
The objects of the Trust are-.
To advance the education of the public in the management of water and environmental protection.
conservation, rehabilitation and improvement.
To advance the education of the public in the understanding of rivers, their basins, fauna and flora.
To protect, conserve, rehabilitate and improve the rivers, streams, watercourses and river basins,
including adjacent coastal waters and water impoundments of the United Kingdom and Ireland for the
public benefit.
Our underlying aim is to promote sustainable and integrated catchment management, based on the
ecosystem approach and sound environmental practices, which can bring economic and social
benefits to local communities, in addition to environmental improvements. To complemant th18 aim,
the Trust promotes a grass roots or bottom-up approach to deliver local solutions to issues.
Policles, objectives and public beneflt statement
The Board's strategy for achieving its objects and aims is twofold.. through its core activities, the Trust
acts as the umbrella organisation to promole the development of the Rivers Trust movement, to build
capacity at the local Rivers Trust level to deliver the Trust's objects across England, Wales, Northem
Ireland and Ireland,. through its project activities, the Trust pursues mainly public grant funded
opportunities to promote and develop practical solutions to environmental issues for public benefit, but
it is increasingly developing partnerships with the private sector to grow the scale of delivery.
In setting objectives, planning for activities and delivering those activities, the Trustees have regard
for, and have given due consideration to, general guidance published by the Charity Commission
relating to public benefit. The Trustees are fully satisfied that the Trust has complied with its
educational and environmental benefrt purposes, and that such purpose5 are beneficial to local
communities and others wherever Ihere is a river.
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales and the Charities Regulator in Ireland.
Fundraislng disclosures
The Trust undertakes limited fundraising activity direct from the public and has engaged no-one to act
on its behalf to do so. We are a member of the Fundraising Regulator and are committed to the
Fundraising Promise and adherence to the Code of Fundraising Practice. We have safeguards in
place should we require third parties to act on our behalf that require them to confirm they comply with
the same code of practice to protect our supporters and the Charity's reputation. We have no
compliance disclosures covering the period. We have received no complaints about fundraising
activity and would undertake a risk assessment of any fundraising activity or scheme in advance of
approval by our senior management team to ensure that we have adequately assured ourselves that
y￿ will avoid unreasonably intruding on any person's privacy, being un￿asOnablY persistent or
placing undue pressure on a person to gNe money or other property.
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The Rivers Trust
Trustses. Report
Ovemew of Strategic Activitles
The Trust had 75 full-time equivalent employees at the end of 2024 and ha5 grown rapidly over the
past four years. Its strategy comprises three functional groupings..
(1) Increasing the resilience, consistency and scale of the Rivers Trust network of charities to drive
greater positive environmental impact from their activities.,
(2) Education and advocacy for improvements in policy and legislation by governments and their
agencies., and to drive change in behaviour by individuals and businesses;
(3) Developing The Rivers Trust's own resilience, capacity and efficiency.
A core focus of the Trust is to promote, encourage and support Rivers Trusts to increase the positive
imp8Ct of their work throughout the UK and Ireland.
Rivers Trusts are local, community-18d charitable organisations delivering education, water
management advice and practical conservation work from source to sea, and improving land use,
rivers 8nd wetlands at the river catchment scale. The Rivers Trust assists with fundrsising, securing
delivery contracts and practical support (e.g. technical, communications, fundraising) to enable its
member Rivers Trusts to achieve more than they would without support.
Equally important is the dissemination of best practice and techniques. The Trust accordingly
organises seminars, conferences, communities of practice etc., for its members to learn from each
other. In the past 4 years, the Rivers Trust movement has grown its income from around £20m in
2020 to £75m in 2024.
Rivers Trusts cannot restore rivers to good health alone. The Rivers Trust advocates in England and
Ireland for changes to policy and legislation to prevent damage to rivers and to provide a coherent
framework for the delivery of improvements. It also educates and advocates for changes in bahaviour
by individuals and businesses so that they reduce their impact on river health.
In order to achieve its mission more effectively, The Rivers Trust must also develop Its own financial
and operational resillence and capacity by raising core funds, implementing new management
systems and improving its approach to equty, diversity and inclusion.
The next section provides some more detail about the specific activities to deliver these strategic
objectives.
Page 4

The Rivers Trust
Trustees. Raport
1. INCREASING THE RESILIENCE, CONSISTENCY AND SCALE OF THE RIVERS TRUST
NETWORK
Funding for delivery by member Trusts
The Trust currently relies heavily on grant applicAtions for projects to develop, deliver and disseminate
innovative solutions related to the river environment to a wide audience across the UK, Ireland and
Europe. Project bids encourage partnerships, target activity towards societal needs and promote fresh
solutions to problems.
In most cases, projects also provide funding for local Rivers Trusts to deliver environmental
improvements and education. The Trust 15 Still able to access European Union funding, principally for
ils activities in Ireland now that the UK has left the EU. The Rivers Trust has increasingly been
securing funding from private companies to support its own, and its members activities. This has
included getting accepted onto procurement frameworks at a national level to enable member Trusts
to deliver larger contracts. There is a list of projects undertaken by the Trust later in this annual report.
Grants and loans
Where funds permit, the Trust facilitates and delivers financial support through the provision of
discretionary grants to Rivers Trusts from its core funds. primarily in the start-up phase or to promote
sustainability. It also operates a loan facility for member Trusts to assist them with ca5hflow for
projects which are paid in arrears by funders.
Practical support
The Rivers Trust has developed a Network Support Service to assist with the development of its
member Trusts so that they can have greater positive impact. This involves helping them with
business and governance development issues, data management and presentation, regional
co-ordination of members, activities, driving strategic partnerships and providing free or low cost
training to develop the knowledge and skills of staff and trustees. In 2024 a Rivers Trust Charter was
drafted collaboratively with member Trusts to increase the sense of unity of purpose, consistency and
coherence throughout the ne￿ork. The Trust has established online Communities of Practice on a
wide range of topics including Health & Safety, Green Finance, Communications and Governance.
Each of these has a programme of webinars and an online chat function which enables member
Rivers Trusts to share information and ideas, and to offer each other support.
2. EDUCATION AND ADVOCACY FOR POLICY AND LEGISLATION AND TO DRIVE CHANGE IN
BEHAVIOUR
Pollcy
The Rivers Trust continued to promote and play a key role in the delivery of the Catchment-Based
Approach (CaBA) in England. which aims to increase collaboration be￿een organisations at a river
catchment scale to improve the planning and delivery of environmental improvements. The
organisation is a leading member of the Blueprint for Water coalition of NGOS in England, the
Freshwater Taskforce in Northern Ireland and An Foram Uisce in Ireland and works with these bodies
to advocate for a sustainable future for land and water by responding to consultations and issuing
policy papers to promote innovative solutions. The Trust also carries out direct advocacy in its own
right through meetings with ministers and officials in the relevant governments and their agencies in
England, Northern Ireland and Ireland.
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The Rivers Trust
Trustees. Report
Nature Based Solutlons
The Trust is a leading advocate for the use of nature based solutions such as restored soils, wetlands,
ponds, sustainable drainage schemes, tree and hedge planting, and re-naturalised river channels.
These have an important role to play in improving the resilience of rivers and their catchments to
climate change, pollution and over-abslraction of water. The Trust influenced the development of the
Water Industry Natural Environment Programme and Price Review process for 2025 - 2030 to
increase the funding allocated for nature based solutions from £2.2bn to £3.3bn. It continues to run
major programme with more than 20 partner organisations to identify the barriers to the increasing
use of natural solutions and ways of overcoming these barriers. This is a key part of the Trust's work
to refomi land management pract￿eS by working with famers and land managers to slow the flow of
water across the landscape, thereby reducing flood risk and pollution and restoring groundwater
aquifers.
Collaborative Monltorlng
The Trust continued to work with over 30 partner organisations on the development of the Catchment
Systems Thinking Co-operative, which aims to demonstrate a range of models for building
collaborative data frameworks and a weight of evidence approach at a catchment, regional and
national scale to increase our understanding of the heallh of rivers and to enable us to target and
monitor the impact of interventions much more effectively. The Trust has set up a Monitoring
T8skf0r￿ to take fomard recommendationg to govemment for this to become a national scheme. It
has also led the development of data hubs for recording of nature-based solutions that have been
implemented for various purposes, again wrth a view to government adopting this approach to provide
a single Sour￿ of information about projects being carried out in every river catchment, local authority
area and nationally.
In 2024 an Independent Water Commission was estsblished in England and Wales and the Trust has
devoted substantial resources to providing evidence and policy proposals to the Commission
promoting a systems approach to collaborative river catchment management at a local and regional
scale to build on the success of the Catchment Based Approach {CaBAI over the past decad&. The
Trust chairs the National Support Group of CaBA with a number of working groups developing policy
proposals on topics such as flood management, urban water management and agriculture. The
Commission is a very significant opportunty to Influen￿ water policy that will have an impact over the
next few decades. The outcomes are also likely to have influence on policy in other parts of the UK
and Ireland.
Chemicals
The Trust has worked closely with other organisations to develop advocacy campaigns promoting
restrictions on the use and disposal of chemicals, which are emerging as a major threat to the water
environment. It has also investigated ways of treating waste water to remove chemicals.
Page 6

The Rivers Trust
Trustees. Report
3. DEVELOPING THE RIVERS TRUST'S OWN RESILIENCE. CAPACITY AND EFFICIENCY
Fundralsing
The Trust has successfully secured funding via numerous applications to a wide range of grant
funders to support it5 work and its member Trusts 8nd appointed a Head of Philanthropy to lead this
work from 2024. It has maintained and developed a nebNork of major donors who support the
organisation's core costs with annual donations through its Fellows programme. The operations
directorate has led the development of new business systems that provide detailed and timely
information to management and Trustees about project delivery and risks. The Trust is putting in
place a wider range of policies and procedures that will enable it to access framework contracts on
behalf of its membership issued by organisations such as water companies, statutory agencies and
the private sector. These policies and procedures also ensure that the Trust is compliant with
legislation for companies and charities and protect staff, volunteers and members of the public.
The Trust has further developed and implemented its equity, diversity and inclusion policy and has
continued to diversify its board of Trustees and senior management team,
Flnancial review
Pollcy on ReseThes
The Trustee5 have carefully examined the requirements of the charity to maintain an appropriate level
of unrestricted reserves. In doing this, the Trustees have taken inta account the risks itemised in the
charity's risk register, which is continuously reviewed and updated, and have given due consideralion
as to how best to protect the organisation from the consequences of a sudden or unforeseen fall in
income or adverse change in circumstances. The Board reviews the reserves policy on an annual
basis to ensure its continued suitability to enable the charity to meet its objects and fulfil its strategy,
whilst maintaining an appropriate minimum level of unrestricted reserve5, which specifically takes into
account, in addition to the risk environment in general, net Un￿strICted overheads, the possible need
to provide funding for projects in cash deficit, pending scheduled payment from project sponsors, and
any committed core costs of a capital or one-off nature.
At the end of 2024 the Trust held total funds of £1.26m of which £999k comprised unrestricled free
reserves, which met the Reserve5 Policy and were sufficient to carry out the objectives of the Trust.
The Board continually reviews the adequacy of the Trust's reserves in the medium and longer term.
Consolidated Income and Expenditure
As detailed on page 18 of the financial statements, total income for the year £8.8m (2023.. £6.7m) and
total expenditure was £8.6m (2023: £6.9m).
Balance Sheet:
The Trust ended the year with a cash balance of £4.9m (2023: £5.9ml', debtors of £1.3m (2023:
£976k), of which most was attributable to trade debtors., and creditors of £4.9m {2023.' £5.9m),
attributable mostly to deferred income and grants held for third Parties whilst awaiting claims. The
Board confirms that, since the year-end, it is not aware of any events that would have a material
detrimental impact on its position.
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The Rivers Trust
Trustees, Report
Plans for future periods
During 2025 the Trust will continue its work to identify and promote innovative solutions to the poor
health of rivers throughout the UK and Ireland. After successfully increasing staff numbers in 2024,
the Trust will seek to increase its capacity further during 2025 and invest more in securing partnership
funding and delivery contracts, coupled with practical support for the Rivers Trust network, to grow the
capacity of its member trusts so that they can increase the scale and impact of their activities in line
with our charitable purpose. Significant funding bids will be submitted to government, its agencies and
to charitable trusts and a range of offerings to the private sector wi11 be developed to enable The
Rivers Trust and its member trusts to secure new, reliable sources of income.
Core education activities and Rivers Trust sustainable development..
The Trust will maintain programmes to ensure it remains able to continue to meet and effectively
deliver its charitable objects. It will maintain strong links with Defra and its agencies including the
Environment Agency and is positively contributing to policy development through a range of initiatives.
It will also continue to work closely with LAWPRO in Ireland and the Department of Agriculture,
Environment and Rural Affairs in Northern Ireland. This includes building new delivery models based
on cooperation between the thr88 sectors.. public, business and civil society. The Trust continues to
seek potential benefits from developments in environmental legislation, its enforcement and the
redistribution of public funds.
In support of this, the Trust continues to work with the Wildlife and Countryside Link and Blueprint for
Water groups and their equivalents in Ireland and Northem Ireland, which are the leading
environmental policy charity groupings. These include lJ)dWF, The Wildlife Trusts, RSPB and The
Nation81 Trust.
It has secured further support from leading grant gNing trusts where successful applications are now
5UPPOrting a growth in capacity of member Rivers Trusts.
The Rivers Trust will continue to expand its communications function with legacy funding from the
Foundation for Water Research.
Rivers Trust Funding..
The Rivers Trust will continue to recruit individual donors and corporate sponsors and it will make
applications to grant giving trusts.
It will seek to develop corporate and strategic partnerships and projects with major corporations and
businesses where such ventures can deliver meaningful and sustainable positive impact to the water
environment and the way it is managed.
It will continue to seek project funding from a range of sources including EU, UK & Ireland
government to maintain and increase The Rivers Trust's education and catchment improvement
programmes through both its own activities and those of the local Rivers Trusts.
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The Rivers Trust
Trustees. Report
National and European projects..
• Catchment Based Approach (CaBA) The Trust continues to play a major leading role in this Defra
policy initiative, supporting 100-plus catchment partnerships across England, the majority hosted
locally either by member Rivers Trusts or Wildlife Trusts. Funding will continue to be sought during
2025 to exp8nd capacity of the Catchment Based Approach National Support Group and the
Catchment Partnerships themselves.
Working collaboratively with partners in the Catchment Systems Thinking Co-operative project, The
Rivers Trust will promote and seek multi sector support to further develop the concept of a national
monitoring framework to bring together multiple sources of data into a single user-friendly platform, on
which to base decision-making at a local and strategic scale.
The Trust will also focus on delivery of the £8.9m Mainstreaming Nature Based Solutions
programme of work with 20 partners over the next 5 years to transform the way that the water sector
delivers its statutory responsibilities.
Eu-funded Projects.. the Trust continues to deliver a number of EU funded projects and new
applications will be submitted in 2025 to further the charity's objects and benefit from collaboration
with organisations from a range of sectors (including academia) and at a transnational scale.
The Trust continues to develop and deliver other major national and international projects and
partnerships to scale up its impact in conjunction with local Rivers Trusts.
Golng concern
After making appropriate enquirles and due consideration, the Trustees have a reasonable
expectation that the Trust has adequate resources to continue in operational existence for the
foreseeable future. For this reason, the Trustees continue to adopt the going concern basis in
preparing the financial statements.
The Trustees, enquiries included a review of the Trust's projections for the next 18 months (both
operational expectations and future financial perfomiance) and sight of the future test of th8 Trust's
reserves policy based on the assumptions made about future funding which has been secured and
that about which, whilst not yet secured, reasonable assumptions may be made.
Structure, governance and management
Constitution
The Trust is a registered charity and company limited by guarantee, governed by its Articles of
Association, which were updated in 2011 to align with the Companies Act 2006. Subject to the Articles
of Association, membership is open to any individual or organisation.
The Trust has a wholly owned subsidiary, River Ecosystem Services Limited, which was incorporated
in 2013. The distributable profit of the subsidiary is covenanted to the Trust.
The Trust has bNO further wholly owned subsidiaries, Patchview DAC and Abhainn BEO, incorporated
in Ireland in 2021 and 2023 respectively.
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The Rivers Trust
Trustees, Report
Recruitfftent and appointment of Trusteès
The governing body of the Trust is the Board of Trustees. The Board consists of a minimum of four
Trustees who shall be nominated by the Rivers Trusts (the "Rivers Trustees") and up to eight
Trustees elected by the Members (the 'Elected Trustee5") at an AGM pursuant ta Articles 21 and 24.
All Trustees shall be appointed for a 5-year term and are eligible for re-appointment for one further
and consecutive 5-year term.
The recruitment of Trustees is by communication with Rivers Trust members and others. Subject to
the Articles, selection is based on environmentsl or specific rivers trust interest, expertise in
environmental or other relevant matters, general experience of charities and integrity, with the
over-riding objective of maintaining a broadly representstive body, strong on governance and with the
ability to add value. The Trust has adopted a skills matrix approach to assist in meeting this objective.
Induction and tralnlng of Trustees
An induction pack is provided when new Trustees are appointed, which covers the modus operandi of
the Trust.
Organlsational structurn
Th8 Board recognis8$ that as an umbrella organisation representing the Rivers Trust movement there
is an obligation on the Trust to embrace best governance practice. The Board meets formally on a
quarterly basis, but there is frequent consultation with Trustees individually and as groups outside
formal meetings. The Board has a Business, Audit and Risk Committee, principally to deal with
monitoring performance and risk, approving projects and detailed financial matters. This Committee
consists of at least three Trustees and it meets at least four times per year and reports to the
subsequent Board meeting. The Board also has a Nominations and Remuneration Committee to
oversee the recruitment of Trustees and senior staff and to consider the appropriate level of
remuneration and pay awards for staff.
The Trust maintains a virtual communications channel with the CEOS of m8mber trusts and the Board
hosts an annual "Chairs, and CEOS, Meeting.. Together these provide a means of formal
communication with its Rivers Trust members on Strategy, members, priorities and the Board's own
performance. The annual meeting has proven successful and has been incorporated into the annual
calendar to coincide with, and complement, the Annual General Meeting. There are numerous
meetings with individual trusts, and groups of Trusts organised through informal 'hubs', in between
these set piece meetings.
Page 10

The Rivers Trust
Trustees. Raport
Relationshlps wlth related parties
The Trust worfts closely with tts Rivers Twst members and other charities and organisations.
However, all relationships are conducted on an amis, length basis.
Rlsk management
The policy of the Trustees is to manage risk by relevant and proportionate measur8s. The Trustees
encourage the executive team to adopt innovative approaches in developing the Rivers Trust
movement, to promote leadership and initiative and to make real and significant contribution5 to
environmental improvements. The policy is conducted against a framework of good governance,
prudenl financial control, sustainability and a culture of mutual trust.
The Trustee5 promote continual risk assessment and management, both by the executlve team
andlor any Trustee. In addition, the Trustees have adapted the framework suggested by the Charity
Commission for a formal Annual Risk Management Review undertaken by the Business, Audit and
Risk Committee and approved by the Board. Identified higher priority risks are highlighted for ease of
reference within a comprehensive tsble of risk assessment. measures and accountability.
The Trustees are mindful of the negative reputational publicity in respect of the charitable sector in
recent years related to governance, opacity and commercial conflicts of interest. They are fully
satisfied that the Trust acts with the utmost integrity in respect of fundraising and selection of
suppliers and beneficiaries of grants and contracts. Moreover, governance is open and transparent
and any potential commercial conflicts of interest of both Trustees and senior staff in The Rivers Trust
are recorded on a register which is updated at every board meeting.
The Trust maintains employer's liabiliiy and public liability insurance cover, cyber, professional
indemnity and Trustees, indemnity insurance for additional protection. Insurdnce cover is considered
to be the measure of last resort.
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The Rivers Trust
Trustaes. Report
Paypolicy
The Trust operates a national pay policy guide and grading structure based on an independent
review, benchmarked locally and against a study of organisations within the environmental sector.
This policy is applied to all stsff of The Rivers Trust. including the key management personnel.
Key management personnel
At the end of 2024 the key management personnel of the Trust were..
A Aboob8kar, Strategy & Stewardship Director
A Adam, Deputy Director Strategy & Stewardship
B Bendall, Operations Director
R Carey, Finance Director and Company Secretary
Dr R Collins, Director Policy & Science
A Gerring, Deputy Director for Strategic Development
M Horton, All-lreland Director
D Johnson, Technical Director
M Lloyd, Chief Executive Officer
M Walker, Technical Director
T Wardley, Director of Communications and Advocacy
ststement of Trustees, responsibilltles
The Twstees (who are also the directors of The Rivers Trust for the purposes of company law) are
responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland"
Company law requires the Trustees to prepare financial statements for each financial year. Under
company law the Trustees must not approve the financial statements unless they are satisfied Ihat
they give a true and fair view of the state of affairs of the parent charitable company and the group
and of the incoming resources and application of resources, including its income and expenditure, of
the charitable group for that period. In preparing these financial statements, the Trustees are required
to:
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards, comprising FRS 102 have been followed, subject
to any material departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the parent charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that can disclose with reasonable
accuracy at any time the financial position of the parent charitable company and the group and enable
them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the parent charitable company and the group and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees a￿ responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
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The Rivers Trust
Trustees. Report
Disclosure of Informatlon to audltor
Each member has taken steps that they ought to have taken as a member in order to make
themselves aware of any relevant audit infomiation and to establish that the charity's auditor is aware
of that infomation. The Trustees confirm that there is no relevant information that they know of and of
which they know the auditor is unaware.
The annual report was approved by the Trustees of the charity on
behalf by..
3rd Jun• 2025
and Signed on Its
G D M Thomas (Chair)
Chainnan and Trustee
Page 13

The Rivers Trust
Independent Auditorfs Report to the Membars of The Rivers Trust
Oplnion
We have audited the financial statements of The Rivers Trust (the 'charity'l and its subsidiaries (the
'group') for the year ended 31 December 2024, which comprise the Consolidated Statement of
Financial Activities, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement
of Cash flows, and Notes to the Financial Statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is United
Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the group's and charity's affairs as at 31 December 2024
and of its incoming resources and application of resources, including its income and expenditure,
for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance wtth the requirements of the Companies Act 2006.
Basls for oplnion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor
responsibilities for the audit of the financial statements section of our report. We are independent of
the group in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtsined is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going con￿rn
basis of accounting in the preparation of the financial statements is appropriate.
8ased on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the group's ability
to continue 85 a going concern for a period of at least ￿e1ve rnonths from when the original financial
statements were authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are
described in the relevant sections of this report.
Other Information
The Trustees are responsible for the other infomation. The other information comprises the
information included in the annual report, other than the financial statements and our auditorfs report
thereon. Our opinion on the financial statements does not cover the other information and, except to
the extent otherwise explicitly ststed in our ￿pOrt, we do not express any fonm of assurance
conclusion thereon.
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The Rivers Trust
Independent Auditor's Report to the Members of The Rivers Trust
In connedion with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
fi'nancial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other infomation. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we a￿ required to report that fact.
We have nothing to report in this regard.
Oplnlon on other matter prescrlbed by the Compan188 Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the and Trustees, Report for the financial year for which the financial
statements are prepared is consistent with the financial statements., and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we ara required to report by exceptlon
In the light of our knowledge and understanding of the group and the parent charitable company and
its environment obtained in the course of the audit, we have not identified material misstatements in
the Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Acl 2006 requires
us to report to you if, in our opinion.,
adequate accounting records have not been kept by the parent charity, or returns adequate for our
audit have not been received from branches not visited by us., or
the parent charitable company financial statements are not in agreement with the accounting
records and returns,. or
certain disclosures of Trustees, remuneration Specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Respon$ibilitj98 of Trustees
As explained more fully in the Statement of Trustees, responsibilities (set out on page 12), the
Trustees, are responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair view, and for such internal control as the Trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.
In preparing the financial statements, the Trustees, are responsible for assessing the group and
charitys ability to continue as a going concem, disclosing, as applicable, matters re5ated to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidate
the charity or to cease operations, or have no realistic alternative but to do so.
Audltor responsibilities for the audlt of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to Issue an auditorfs report
that include5 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are considered material if, individu811y
or in the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial ststements.
Page 15

The Rivers Trust
Independent Auditor's Report to the Members of The Rivers Trust
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below..
We identified areas of laws and regulations that could reasonably be expected to have a material
effect on the financial statements from our general commercial and sector experience and through
discussion with the directors and other management. We communicated identified laws and
regulations throughout aur team, and remained alert to any indications of non-compliance
throughout the audit.
The group is subject to laws and regulations that govern the preparation of the financial
statements, including financial reporting legislation, and other companies legislation. The group is
also subject to other laws and regulations where the consequences of non-compliance could have
a material impact on the amounts or disclosures within the financial statements, including
employment, anti-bribery, anti-money laundering and certain aspects of companies legislation.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and performed our audit in accordance with auditing standards. In any audit, there
remains a higher risk of non-detection of irregularilies, as these may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal controls. We are not
responsible for preventing non-compliance and cannot be expected to detect non-compliance with
all laws and regulations.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of intemal control.
Obtain an understanding of internal control relevant to Ihe audit in order to design audit procedures
that are appropriate in the circumstsnces, but not for the purpose of expressing an opinion on the
effectiveness of the iniernal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the directors.
Conclude on the appropriatenes5 of the directors, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the group's ability to continue as a going concern.
If conclude that a material uncertainty exists, we are required to draw attention in our audrtor'8
report to the related disclosures in the financial statements or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditor's report. However, future events or conditions may cause the group to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and signfficant audit findings, including any significant deficiencies in
internal control.
Page 16

The Rivers Trust
Independent Auditor's Report to the Members of The Rivers Trust
Use of our report
This report is made solely to the charitable parent company's Trustees, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the group's Trustees those matters we are required to state to them in an auditor's
report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume
responsibility to anyone other than the charitable parent company and its Trustees as a body, for our
audit work, for this report, or for the opinions we have formed.
Adam Croney (Senior Statutory Auditor)
For and on behalf of Westcotts (SW) LLP, Statutory Auditor
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT
Date..
7..1.4.1.15......
Page 17

Tha Rivers Trust
Consolidated Statement of Financial Actlvities for the Year Ended 31
December 2024
(Including Consolidated Income and Expenditure Account and Statement of
Total Recognised Gains and Losses)
Unrestricted Restrlcted
funds
funds
Total
2024
Total
2023
Note
Income and Endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
728,933
311,111
1,397,236
122,924
728,933
6,597,424
1,397,236
122,924
501,879
5,513,024
688,690
15,870
6,286,313
Total income
2,560,204 6,286,313
8,846,517
6,719,463
Expenditure on:
Costs of trading activities
Expenditure on charitable activities
Total expenditure
Net incomel{expenditure)
Transfers between funds
{1,185,7361
1,286,871
(1,185,736) (619,385)
7,444,424
6,157,553) ￿ (6,236,269)
(2,472,607) (6,157,553) (8,630,160) {6,855,654)
87,597
128,760
216,357
(136,1911
30,440
30,440
Net movement in funds
57,157
159,200
216,357
(136,191)
Reconclllation of funds
Total funds brought forward
Total funds carried forward
941,753
106,192
265,392
1,047,945
1,184,136
1,047,945
23
998,910
1,264,302
All of the group's activities derive from continuing operations during the above bNO periods.
The funds breakdown for 2023 is shown in nole 23.
The notes on pages 22 to 58 fonn an integral part of these financial statements.
Page18

Tha Rlvers Trust
(Registration number: 05136671)
Consolldated Balance Sheet as at 31 December 2024
2024
2023
Note
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
19
47,797
46,157
21
1,278,676
4,899,304
6,177,980
4.961,475
976,091
5,912,442
6,888,533
(5,886,745)
Credltors: Amounts falling due within one year
Net curront assets
22
1,216,505
1,001,788
1,047,945
Not assets
1,264,302
Funds of the group..
Re8trlcted Income fund8
Restricted funds
285,392
108,192
Unrestrlctsd income funds
Unrestricted funds
998,910
1,264,302
941,753
Total funds
23
1,047,945
The financial statements on pages 18 to 58 were approved by the Trustees, and authoris&d for issue
on 3rd Junè 2025 and signed on their behalf by-
G D M Thomas (Chair)
Chairman and Trustee
The notes on pages 22 to 58 form an integral part of these financial statements.
Page 19

The Rivers Trust
(Registration number: 05136671)
Company Balance Sheet as at 31 December 2024
2024
2023
Noto
Flxed assots
Tangible assets
Investments
19
20
43,697
284
42,185
284
43,981
42,469
Currant assets
Debtors
Cash at bank and in hand
21
1,334,736
4,430,274
6,765,010
965,639
5,310,866
6,278,505
5,270,313
Credltors: Amounts falling due wlthln one year
Net currant assots
22
4,544,768
1,220,242
1,006,192
1,048,661
Not a$s•ts
1,264,223
Funds of the ¢harlty:
Restrlcted income fund8
Restricted funds
265,392
106,192
Unre8tricted Income funds
Unrestricted funds
998,831
1,264,223
942,469
Total funds
23
1,048,661
As pemiitted by s408 Companies Act 2006, the company has not presented its own statement of
financial activities and related notes.The company had a net movement In funds of £215,562 (2023:
(£135,475)).
The fi'nancial statements on pages 18 to 58 vRre approved by the Trustees, and authorised for issue
on ?W.J.vnp.2Q25.. and signed on their behalf by:
G D M Thomas (Chair)
Chairman and Trustee
The notes on pages 22 to 58 fomi an integral part of these financial statements.
Page 20

The Rivers Trust
Consolidated Statement of Cash Flows for the Year Ended 31 December 2024
2024
2023
Note
Cash flow5 from operatlng activltles
Net cash incomellexpenditure)
Adjustments to cash flows from non-cash Items
Depreciation
Investment income
216,357
(136,191)
14
32,690
122,924
25,626
(15,870)
(126,435)
126,123
Working capltal adjustment8
(Increase)Idecrease in debtors
Decrease in creditors
(Decrease)fincrease in deferred income
Net cash flows from operating actlvities
Cash flows from Investing actlvltles
Interest receivable and similar income
Purchase of tangible fixed assets
21
22
(302,585)
(399,811)
(625,459)
(1,201 ,732)
537,218
{84,480)
1,918,700
2,245,003
122,924
(34,330
15,870
(28,230)
19
Net cash flows from investing activities
88,594
(12,360)
Cash flows from financing activities
Value of new loans obtained during the period
Net (decrease)lincrease in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
100,000
(1,013,138)
5,912,442
2,232,643
3,679,799
5,912,442
4,899,304
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 22 to 58 fomi an integral part of these financial statements.
Page 21

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
1 Charity status
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales, and a registered charity in England, Wales and Republic of Ireland.
The address of its registered office is..
Rain-charm House
Kyl Cober Parc
Stoke Climsland
C811ington
Cornwall
PL17 8PH
2 Accounting pollcies
Summary of slgnificant accountlng pollcles and key accounting estlmates
The principal accounting policies appli8d in the preparation of these financial statement8 are set out
below. These polici8s have been consistently applied to 811 the years presented, unless otherwise
stated.
ststement of compllance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Ststement of Recommended Practice (applicable to charities preparing their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS
1021) (issued in October 20191- (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modrfiad by the
revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling,
which is the functional currency of the entity.
Bas18 of consolidatlon
The consolidated financial statements consolidate the financial statements of the charity and its
subsidiary undertakings drawn up to 31 December 2024.
A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power
to govern the financial and operating policies of an entity so as to obtain benefits from its activrties.
Inter-company transactions, balances and unrealised gains on transactions between the charity and
its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are a150 eliminated but may indicate an impairment that requires recognition in the
consolidated financial statements.
Page 22

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Accounting policies of subsidiaries have been Changed where necessary to ensure consistency with
the policies adopted by the group. Non-controlling interests in the net assets of consolidated
subsidiaries are identified separately from the group's equity therein. Non-controlling interests consist
of the amount of those interests at the date of the original business combination and the
non-controlling shareholderfs share of Changes in equty since the date of the combination. Total
comprehensive income is attributed to non-controlling interests even if this results in the
non-controlling interest5 having a deficit balan￿.
Golng concern
The financial statements have been prepared on a going concern basis.
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the charity to continue as a going concern. The Trustees make this assessment in respect of a period
of one year from the date of approval of the financial statements.
Judgements and key sources of estimatlon uncertainty
The Trustees are required to make a judgement whether the grants received contain perfomiance
criteria in order to account for these transactions correctly under the performance model in line with
the SORP. In the Trustees, opinion there are no other key judgements or sources of estimation
uncertainty.
Fund accountlng
Unrestricted funds are available for use at the discretion of the Trustees to further any of the charity's
purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment
funds.
In¢oming resources
All incoming resources are included in the statement of financial activities when entitlement ha8
passed to the charity, it is probable that the economic benefits associated with the transaction will flow
to the charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income..
income from donations or grants is ￿CogniSed when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale
value. Donated facilities and services are recognised in the accounts when received if the value can
be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Page 23

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 Decem ber 2024
Deferred income
Deferred income represents amounts received for future periods and is released to incoming
resources in the period for which, it has been received. Such income is only deferred when..
The donor specifies that the grant or donation must only be used in future accounting periods; or
The donor has imposed conditions which must be met before the charity has unconditional
entitlement.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure include5 any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, nonwcharitable
trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by the charity in undertaking activities
that further its charitable aims for the benefit of its beneficiaries, including those support costs and
costs relating to the governance of the charrty apportioned lo charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor
part of its expenditure on charitable acliviti8s.
All cosls are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Grantprovlslons
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there is uncertainty about either Ihe timing of the grant or the amount of grant payable.
Tanglble flxed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at
the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of fi'nancial activities. A decrease in the CArrying
amount of an asset as a result of revalualion, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within other
recognised gains and losses on the statement of financial adivities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset a5 follows..
Asset class
Office and other equipment
Depreciatlon method and rate
3 years straight line
Page 24

The Rivers Trust
Notes to the Financial Statements for the Year Endad 31 December 2024
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Fixed asset Investments
Fixed asset investments, other than programme related investment5, are included at market value at
the balance sheet date. Realised gains and losses on investment5 are calculated as the difference
between sales proceeds and their market value at the stsrt of the year, or their subsequent cost, and
are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement In market values during the year and are
crediled or charged to the Statement of Financial Activities based on the market value at the year end.
Flnancial instrurn8nts
Cla551fication
A finencial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any
related transaction costs.
Investments
Investments in subsidiaries and associales are measured at cost less impairment. For investments in
subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost
is measured by reference to the nominal value of the shares issued plus fair value of other
consideration. Any premium is ignored.
3 Legal status of the Trust
The charitable company is limited by guarantee and has no share ¢apltal. In the event of winding up
the liability of each mernber is limited to £1.
Page 25

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
4 Income from donations and legacies
Unrestrlcted
funds
General
Total
2024
Donations and legacies.,
Donations from organisations
Donations from individuals
Legacies
Fellowships and associated donations
Gift aid
233,604
241,399
1,108
213,000
39,822
233,604
241,399
1,108
213,000
39,822
728,933
728,933
Unrestricted
funds
Genaral
Total
2023
Donations and legacies.,
Donations from organisations
Donations from individuals
Fellowships and associated donations
Gift aid
133,724
151,708
194,000
22,447
501,879
133,724
151,708
194,000
22,447
501,879
5 Income from charitablo actlvltles
Unrestrlcted
fund5
R88trict•d
funds
Total
2024
National and European projects
Education and Rivers Trust development
265,909
45,202
6,286,313
6,552,222
45,202
311,111
6,286,313
6,597,424
Unrestricted
funds
Restricted
funds
Total
2023
National and European projects
Education and Rivers Trust development
310,804
38,570
5,163,650
5,474,454
38,570
5,513,024
349,374
5,163,650
Page 26

The Rivers Trust
Notes to tho Financial Statements for the Year Ended 31 December 2024
6 Trading activitiOS
Summary of trading results of River Ecosystem Servlces Llmited:
2024
2023
Turnover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Profit for the financial year
Gift Aid donation to The Rivers Trust
Movement in retained earnings
1,233,679
(943,497)
290,182
(79,5181
678,265
(580,579)
97,686
(27,665)
210,664
210,664
70,021
(70,021)
As8ets and Ilabllltle8
2024
2023
Assets
Liabilities
Capital
Reserves
682,968
(682,768)
<200)
650,727
(650,527)
(200)
Summary of tradlng results of Patchvlew Designated Actlvlty Company:
2024
2023
Turnover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Profit l (Loss) for the financial year
Gift Aid donation to The Rivers Trust
Movement in ret8ined earnings
143,818
(108,752)
35,066
(33,513)
10,425
(6,525)
3,900
14,613)
1,553
(713)
713
Page 27

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Assets and Ilabllltles
2024
2023
Assets
Liabilities
Capital
Reserves
88,786
(87,863)
183)
{840)
177,171
(177,801)
(83>
713
Summary of tradlng results of Abhalnn BEO Company:
2024
Tumover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Profit l (Lossl for the financial year
Gift Aid donation to The Rivers Trust
Movement in retsined earnings
19.739
(16,814)
2,925
(3,642)
(717)
717
Assets and Ilabllities
2024
Assets
Liabilities
Capital
Reserves
27,302
(28,019>
717
Income from other trading activities of £1,397,236 is made up of River Ecosystem SeNices Limited
income of £1,233,679, Patchview Designated Activity Company of £143,818 and Abhainn BEO
Company of £19,739 as above.
Expenditure on costs of trading activities of £1,185,736 is made up of River Ecosystem servI￿s
Limited expenditure of £1,023,015, Patchview Designated Activity Company of £142,265 and Abhainn
BEO Company of £20,456.
7 Investment income
Unrestrlcted
funds
Total
2024
Bank interest
122,924
122,924
Page 28

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Unrestricted
funds
Total
2023
Bank interesl
15,870
15,870
8 Expenditure on charltable actlvities
Unrestricted
funds
General
Rgstrlcted
funds
Total
2024
Nota
National and European projects
Education and Rivers Trust
development
Governance costs
370,786
6,157,553
8,528,339
11
12
790,340
125,745
790,340
125,745
1,286,871
8,157,553
7,444,424
Unrestrlcted
funds
General
Restrlcted
funds
Total
2023
Note
National and European project8
Education and Rivers Trust
development
Governance costs
286,571
5,273,986
5,560,537
11
12
599,615
76,117
962,303
599,615
76,117
6,238,269
5,273,966
Actlvlty
undertaken
directly
Grant
funding of
activity
Activlty
8UPPOrt
costs
2024
National and European projects
Education and Rivers Trust
development
Governance costs
4,233,641
2,294,698
6,528,339
37,011
753,329
125,745
790,340
125,745
7,444,424
4,270,652
2,294,698
879,074
Page 29

The Rivers Trust
Notes to the Financial Statements for the Yaar Ended 31 December 2024
Actlvlty
undertaken
directly
Grant
funding of
activity
Actlvlty
support
costs
2023
National and European projects
Education and Rivers Trust
development
Governance costs
3,517,434
2,043,103
5,560,537
10,905
588,710
76,117
599,615
76,117
6,236,269
3,528,339
2,043,103
664,827
9 National and European ProJects
2024
2023
Note
Actlvltles undartak8n
Project costs
Other costs
Consultsncy
Wages and salaries
408,264
486,013
1,025,142
2,314,222
4,233,641
2,294,698
463,888
353,596
732,032
1,967,918
3,517,434
2,043,103
Grant funding of activities
Total
10
6,528,339
5,560,537
10 Grants pald
2024
2023
Grants to Institutions
Action for River Kennet
Ballinderry Rivers Trust
Boyne Rivers Trust
BRGM- Service Geologique
Bristol Avon Rivers TriJ8t
Broads Authority
East Yorkshire Rivers Trust
Eden Rivers Trust
Environment Agency
Great Ouse Rivers Trust
Hepple Estate
Kent Wildlife Trust
Lough Carra Catchment Association
Lune Rivers Trust
Maigue Rivers Trust CLG
17,353
584,563
596,145
17,169
37,054
5,467
7,495
24,667
30,907
17,458
50,577
22,530
6,250
16,000
21,461
11,000
17,255
11,889
Page 30

The Rivars Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
2024
2023
Mersey Rivers Trust
Norfolk Rivers Trust
Northumberland Rivers Trust
Oriel River Catchment & Coastsl Association
Ribble Rivers Trust
River Blackwater Catchment Trust
River Lark Catchment Partnership
River Waveney Trust
SCP Farmer Grant
Sevem Rivers Trust
Slaney River Trust
South Cumbria Rivers Trust
South East Rivers Trust
Strule Tributaries & Rivers Trust
Th8mes Rivers Trust
Thames 21
The National Trust
The Woodland Trust
United Utilities Water Ltd
Warwickshire Wildlife Trust
Water Resources East
West Cumbria Rivers Trust
Westcountry Riv8rs Trust
Wye and Usk Foundation
Wyre Rivers Trust
Other
29,174
35,634
25,000
16,579
19,500
24,667
2,500
11,341
722,877
35,689
20,327
18,592
20,957
64,939
16.806
14,000
243,420
19,841
386,000
24,667
24,667
111,505
34,988
63,944
112,500
14,783
98,334
113,421
74,694
63,137
41,560
57,774
24,232
39,459
94,621
39,729
11,609
69,094
2,043,103
2,294,698
11 Educatlon and Rivers Trust development
2024
2023
Activities undertaken
Seminar costs
Other costs
5,712
31,299
37,011
10,066
839
10,905
Page 31

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 Decem ber 2024
2024
2023
Support costs
Office costs
Travel
Consultancy
Exchange rate loss
Wages and salaries
Depreciation
162,599
29,040
128,209
27,355
5,697
33,140
368,826
25.483
588,710
64,229
466,647
30,814
753,329
12 Analys18 of support C08ts
Charltable activitie• expendlture
Unrestrfctsd
funds
General
Total
2024
Total
2023
Consultancy
Wages and salaries
Auditors remuneration
14,764
96,606
14,375
125,745
14,764
96,606
14,375
125,745
9,371
59,789
6,957
76,117
The Trust initially identifies ihe total cost of its support functions and then apportions the element
associated with the governance of the charity to govemance costs. The remainder of these support
costs a￿ incurred in developing The Rivers Trusts and Education. The Trust is able to absorb an
element of its overhead costs into eligible grant funded activities. Prior to the absorption total
govemance and support costs were £1,365,923 (2023.. £1.080,888).
13 Government grants
The charity receives European and UK govemment grants primarily to fund revenue project costs.
Most grants received contain performance criteria which must be completed by the charity before they
become fully entitled to the associated income.
The amount of government grants recognised in the financial statements was £4,838,285 (2023
£3,211,448).
14 Net Incomingloutgolng resources
Net outgoing resources for the year include..
2024
2023
Depreciation
32,690
25,626
Page 32

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
15 Trusts88' remuneration and expenses
During the year the group made the following transactions with Trustees..
£968 (2023: £2,476) of expenses were reimbursed during the year.
No Trustees, nor any persons connected with them, have received any remuneration from the group
during the year.
16 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs durlng the year were:
Wages and salaries
Social security costs
Pension costs
3,837,598
316,033
256,075
4,409,706
2,564,796
237,473
204,156
3,006,425
The monthly average number of persons {including senior management I leadership team) 8mployed
by the group during the year expressed as full time equivalents was as follows..
2024
No
75
2023
No
57
Total employees
The number of employees whose emoluments fell within the following bands was..
2024
2023
No
£60,001- £70,000
£70,001- £80,000
£80,001- £90,000
£90.001- £10D,000
£100,001- £110,000
£120,001- £130,000
£140,001- £150,000
The totsl employee benefits of key management personnel was £872,197 (2023 - £808,885).
The highest paid member of staff, received benefits totalling £140,99512023 - £127,071).
Page 33

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
17 Auditor's remuneration
2024
2023
Audit of the financial statements
All other non-audit service5
9,650
4,725
14,375
6,000
4,000
10,000
18 Taxation
The group is a registered charity and is therefore exempt from taxation.
19 Tanglble flxed assets
Group
Offlce and
other
equlpment
Total
C08t
At 1 January 2024
Additions
125,180
34,330
125,180
34,330
At 31 December 2024
159,510
159,510
Depreclatlon
At 1 January 2024
Charge for the year
At 31 December 2024
79,023
32,690
79,023
32,690
111,713
111,713
Net book value
At 31 December 2024
47,797
47,797
At 31 December 2023
46,157
46,157
Page 34

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Charity
Office and
other
equipment
Totsl
Cost
At 1 January 2024
Additions
114,801
32,326
114,801
32,326
At 31 December 2024
147,127
147,127
Depreclatlon
At 1 January 2024
Charge for the year
At 31 December 2024
72,616
30,814
72,616
30,814
103,430
103,430
Net book value
At 31 December 2024
43,697
43,697
At 31 December 2023
42,185
42,185
20 Fixed asset Investments
Charfty
Shares In group undertakings and partlclpating interests
Subsldlary
undertaklngs
Totsl
Cost
At 1 January 2024
At 31 December 2024
284
284
Net book value
At 31 December 2024
284
284
At 31 December 2023
284
284
Details of undertakings
Details of the investments in which the charity holds 200A or more of the nominal value of any class of
share capital are as follows..
Page 35

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Country of
Incorporation
Proportion of votlng
rights and shares held
2024
2023
Principal
activity
Undertaking
Holdlng
Subsldiary undertakings
River Ecosystem
Services Limited
England and
Wales
Ordinary
shares
Environmental
consulting
activities
1000/0
1000
Patchview Designated
Activity Company
Abhainn BEO
Company
Ordinary
shares
Environmental
activities
Republic of Ireland
100%
1000
Republic or Ireland Guarantee
1000
100%
Environmental
activities
Activities of these companies are summarised in the Trading activities note.
21 Debtors
Group
2024
Charlty
2024
2023
2023
Trade debtors
Due from group undertakings
Prepayments
Accrued income
Other debtors
714,591
646,769
489,476
365,041
98,399
281,820
100,000
1,334,736
493,955
211,898
98,036
161,750
108,318
355,767
100,000
108,882
220,840
1,278,676
976,091
985,639
22 Creditors: amounts falllng due wlthin one year
Group
2024
Charity
2024
2023
2023
Trade creditors
Other taxation and social
security
Other creditors
Accruals and deferred income
Other loans
312,268
393,303
279,252
372,472
342,285
7,232
4.199,690
100,000
195,370
450,622
4,847,450
284,664
172,491
450,622
4,274,728
3,880,852
100,000
4,544,768
4,961,475
5,886,745
5,270,313
Page 36

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Deferred Incomo
2024
2023
Group
Deferred income at 1 January 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year 8nd
4,419,634
3,551,621
4,419,634
3,551,621
2,500,934
4,419,634
(2,500,934
4,419.634
2024
2023
Charity
Deferred income at 1 January 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end
3,982,316
3,495,901
3,982,316)
3,495,901
2,347,061
3,982,316
2,347,061
3,982,316
Income has been deferred on the basis that the relevant performance criteria have not been met.
Page 37

The Rivers Trust
Notes to the Financial Statements for the Year End8d 31 December 2024
23 Funds
Group
Balance at
31
December
2024
Balance at
1 January
2024
Incoming Resources
resources
expended
Transfors
Unrestricted funds
General
Core
941.753
2,559,513 (2,471,916)
(30,440)
998,910
Restri￿ed funds
3C's
ABP Enforcement
Undertaking
Al River Habitat Qualiity
Tool
Amazon Water
Replenishment
Ballinderry & Lough
Neagh Storymap
Barrier Prioritisation
Bentley Investing in the
Waver Gowy
Better Rivers North West
Farm Cluster
Blagdon River Restoration
Business Engagement
Officer Funding
CaBa
CaBA FCRM Capacity
Building
Capacity Building.. NFM
Management
CaPS Support
Carbon Connect
Coastal Health Taw Study
Catchment Monitoring
Co-operative
CCEP Norfolk RT
Initiative
Chalk Stream WG
Storymap
35,745
(35,7451
6,502
<6,647)
145
11,778
(11,778)
19,125
(19,125)
1,074
(841)
(117)
{233)
117
193,004
{193,0041
100,000
37.479
(100,0001
(37,479)
19,380
313,403
(19,380)
(310,153)
21,931
25.181
10,623
(10,623)
31,660
648
(41,909)
{648)
{7,443)
{2,849)
10,249
878
6,561
499
2.350
950,386
(923,0441
27,342
1,121
11,121)
627
(7841
157
Page 38

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Balance at
31
December
2024
Balance at
1 January
2024
Incoming Resources
resources
expended
Transfers
Collaborative Fisheries
Monitoring Programme
Coke Replenish Phase 3
Development
Connect {BRIDGEI
Courtauld 2030
EA Underspend for
Market Creation
East Anglian Collective
Action Hub
Eels
EIRE (Ireland) Start-up
EFS NI
EFSNI GFP21-26
Esmee Fairt)aim Chalk
Stream Restoration
Esmee Fairbaim Loan
Scheme
Esmee Fairbaim Wyre
NFM
EF WEG Support Facility
EFF Glenderamackin
Bridge
ESRI ELA
(ESRI) GIS & Data
Support & COP for the RT
Movement 2024-25
ESRI Enterprise
Agreement (Internall
Farm Advi￿ Database
Fishmongers Water
Quality Advocacy
Forest for the Nation
Foundation for Water
Research - CIWEM
Garfield Weston Grant
Glenderamackin NEIRF
GovAqua
Greggs CURRF
Guilsfield Replenish
Hepple Wetlands WEIF
36,912
(36,912)
71,303
5,630
10,164
(71,303)
(5,630)
(10,164)
856
(857)
12,791
(12,791)
(6,447)
(15,334)
(48,478)
(367,011)
4,500
1,947
15,334
72,187
474,665
32.708
302
56,417
107,956
51,691
{51,691)
680
(680)
492
(492)
1,807
1,807
14,492
19,368
{20,753)
(19,368)
6,261
4,131
(4,131)
3,444
8,472
(3,444)
(8,472)
6,890
5,313
(6,890)
(5,313)
106,948
62,127
(178)
69,985
4,495
19,457
7,481
(106,9481
(62,1271
(1,442)
(64,802)
(4,495)
(19,4571
(7,481)
1,620
5.183
Page 39

The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Balance at
31
D8c8mber
2024
Balance at
1 January
2024
Incoming Resources
resources
expended
Transfers
Hogan Lovells Charity
Partnership
Humber
In-NO-Plastic
icatch Hub Network
Ireland Water
Stewardship (AWS)
John Ellemian Foundation
Grant
Leeds NFM IRF
Lidl Wetlands
LifelP EU CleanEst
Life IP Natural Course
Lyne River Restoration
WEIF
L4WPRO Catchment
Support Fund 2024
M&S Water Stewardship
Mainstreaming NBS
Concept
Morecambe Bay
Volunteer Hub
Natural Course Legacy
Website
NE Blue Space.. 15
minute Neighbourhoods
Natural England Blue
Spaces Mapping
Nature North Advocacy
NEIRF - Calder & Colne
RT
NEIRF- Eden Catchment
NEIRF- Irwell GMCA
(Greater Manchester)
NEIRF - London River
Bank
NEIRF - SERT
NEIRF- Tyne
NEIRF- Upper
Wharfedale
NEIRF - Westcountry
Rivers Trust River Bank
4,130
106
137,380
(4,165)
(4,130)
(106)
(811)
4,622
(135,893)
(457)
676
37,392
(37,392)
5,875
107,597
46,135
8,609
59,677
(5,875)
(107,597)
(46,135)
(8,609)
(70,503)
36.148
25,322
1,154
(1,154)
43,873
10.656
{43,873)
(10,656)
377,030
(370,440)
6,590
1,175
(646)
(529)
157
(157)
20,319
(20,319)
14,574
30,732
(14,574)
(32,525)
1,793
240
23.782
(240)
(26,903)
3,121
291
(291 }
1,920
5.614
7,436
(1,920)
(5,614)
(7,436)
139
(139)
354
(354)
Page 40

The Rivers Trust
Notss to the Financial Statements for the Yaar Ended 31 December 2024
Balanc8 at
31
December
2024
Balance at
1 January
2024
Incoming Resources
resources
expended
Transfers
NEIRF- Wye Tributory
(DIME 2)
Northumb8rland River
Restoration WEIF
NRN Data Model &
Collaborative Delivery
Platform
NRN Data Platform Phase
563
(563)
2,020
(2,020)
10,774
(10,7741
12,769
146,182
81,439
(12,7691
(146,1821
(81,4391
Ne￿Ork Support Servic8
People's Postcode Lottery
Pilgrims Water
Stewardship
Pont & Blyth River
Restoration WEIF
Preventing Plastic
Pollution
Resilient Glenderamackin
LR
Ribble Secloral
Transfomiation Project
River Bathing Water
Development
River Deep Mountain Al
Salmon School
Engagement
Shellfisheries Risk
Mapping
Simply Washrooms
Campaign
Source to Tap
strategic Development
Fund
Sustainable Catchment
Project 2022 - TRT
Swire - Small Trust
Development Fund
Sustainable Waters
Educational Materials &
Outreach
Tame RT NFM Modelling
Tees RT GIS Training
31,551
(31,5511
1,222
(1 ,2221
(118)
118
45,709
(45,7091
8,806
(8,806)
16.841
2,122
(16,841)
(2,122)
3,387
(3,387)
17,497
(17,497)
6,400
(1,505)
4,895
(1)
(1)
3,950
3,950
1,319,023 (1,319,023)
250,000
(250,448)
448
16,174
1,936
145
(16,174)
(1,938)
1145)
Page 41

The Rlvers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Balance at
31
December
2024
Balance at
1 January
2024
Incomlng Resources
resources
expended
Transfers
Thame Farm5coper
Modelling Support
Thames Catchment
Thames Technical
Support Project
Topsoil
Trees for Water (MSA)
Water for Tomorrow
Water Net Gain
Water Resource5 Priority
Catchments 2023-2024
Woodlands for Water
Woodlands for Water Nl
Imvr Wetland Data
Explorer
YDRT Meta Data Hub
Yorkshire Water Ca8A
Partnerships
Yorkshire Water Dam
Removal Training
Other
5,687
(5,687)
(1)
(1)
1,148
(1,148)
(2)
(2)
15,109
{494)
4,523
(15,109)
494
(4,523)
39,655
443,040
33,219
{39,655)
{443,1231
{33,219)
85
4,646
1,544
(4,646)
(1.532)
{12)
1,474
(1,387)
(87)
99
{99)
75
75
Total rnstrlcted funds
106,192
6,286,313
6,157,553
30,440
265,392
Total funds
1,047,945
8,845,826
8,829,469
1,264,302
Page 42

The Rivers Trust
Notes to the Financial Statements for tho Year Ended 31 December 2024
Balanc8 at
31
December
2023
Balance at
1 January
2023
Incoming Resources
resources
expended
Transfers
Unrestricted funds
General
Core
1,005,986
1,555,813 {1,581,688)
(38,358)
941,753
Restricted funds
3C's
AA-FLOODS
ABP Enforcement
Undertaking
Amazon Water
Replenishment
Barrier Prioritisation
Bentley Investing in the
Waver Gowy
Better Rivers North West
Fami Cluster
Blagdon River Restoration
BRILLlaNCE
CaBa
CaBA FCRM Capacity
Building
CamEO Catchment
Systems Operator Pilot
Cap8Clty Building.. NFM
Management
CaPS Support
Carbon Connect
Catchment Monitoring
Co-operative
CCEP Norfolk RT
Initiative
Chalk Stream WG
Storymap
CIRIA NFM Design
Handbook
Collaborative Fisheries
Monitoring Programme
Coke Replenish 2
Coke Replenish Phase 3
Development
Courtauld 2025 Grants
17,976
25,829
(17,976)
(46,323)
8.243
12,251
9,060
(9,060)
23,546
908
(23,546)
(3,653)
2,745
2,250
(2,250)
100,000
2,521
(100,000)
(2.521)
869
22,116
1869)
1185)
310,153
(310,153)
21,931
13,541
(13,541)
1,334
(1 ,334)
2,506
1,548
14,745
<2,5061
(1 ,5481
(21 ,2831
7,416
878
598,757
(598,7571
50,879
(50,8791
2,588
(2,5881
154
(154)
20,584
494,256
(20,5841
(494,256)
38,960
7,139
(38,9601
(7,1391
Page 43

The Rivers Trust
Notes to the Financial Ststements for the Year Ended 31 December 2024
Balance at
31
December
2023
Balance at
1 January
2023
Incoming Resources
resources
expended
Transfers
Courtauld 2030
DEFRA RIF- Phase 3
EA Your Fisheries Phase
34,443
(34,443)
5,726
(5,726)
(10)
10
EA Underspend for
Marf(et Creation
East Anglian Collectlve
Action Hub
Eels
EF Regional Development
Grant
EIRE (Ireland) Start-up
EFS NI
EFSNI GFP21-26
Esmee Fairbairn Wyre
NFM
EF WEG Support Facility
ESRI EL4
Evenlode Storymap
Fami Advice Database
Fishmongers, Fishenes
Fishmongars Water
Quality Advocacy
Foundation for Water
Research - CIWEM
Garfield Weston Grant
Glenderamackin NEIRF
Great British Spring Clean
GovAqua
Greggs CURRF
Humber
In-NO-Plastic
icatch Hub Network
Ireland Water
Stewardship (AWS)
John Ellerman Foundation
Grant
Leeds NFM IRF
LifelP EU CleanEst
Life IP Natural Course
Link Chemicals Campaign
22,180
(22,180)
873
(873)
4,500
4,500
74,402
44,447
49,773
225,886
(74.402)
(44,447)
(49,761)
(225,886)
32,696
302
32,708
302
1,745
6,243
24,017
390
22,244
3,326
{1,745)
{6,243)
(24,017)
1,807
1,807
(390)
(22,244)
(1,026)
(2,300)
5.319
(5,319)
57,390
124,851
21,936
152
10,480
1,722
1.985
117,250
14,178
(57,390)
(124,851)
121,936)
(1)
(152)
{10,480)
(1,722)
(1,985)
(116,665)
(9,556)
(1,396)
{811)
4,622
524
(524)
45,403
116,244
12,700
161,806
13.602
(45,403)
(116,244)
{12,700)
(182.786)
(16,805)
57,128
36,148
3,203
Page 44

The Rivers Trust
Notes to tha Financial Statements for the Year Ended 31 December 2024
Balance at
31
December
2023
Balance at
1 January
2023
Incoming Resources
resources
expended
Transfer5
M&S Water Stewardship
Mainstreaming NBS
Concept
Morecambe Bay
Volunteer Hub
Natural Capital {Ang1ial
Natural England Blue
Spaces Mapping
Nature North Advocacy
NEIRF - BART
NEIRF - Eden Catchment
NEIRF- DIME
NEIRF - London Rlver
Bank
NEIRF - SERT
NEIRF- Tyne
NEIRF Replenishing
Nature
NERC Q-NFM
Northem Ireland
NRCP Iconic Partnerships
NRTICoke Restoring
Nature
Oxford Bathing Waters
PinPoint
Patagonia Tides
Preventing Plastic
Pollution
River Bathing Water
Development
River Buffers Campaign
Shellfisheries Risk
Mapping
Source to Tap
strategic Development
Fund
Sustainable Catchment
Project 2022 - TRT
Tees RT GIS Training
Thames Catchment
14,798
(14,798)
25,693
(25,693)
2,203
21,583
(2,203)
(21,583)
25,684
11,147
2,885
69,322
76
(25,684)
(15,434)
(2,885)
(69,322)
<76)
4,287
8,654
6,862
11,239
(9,856)
(6,862)
(11,239)
1,202
60,254
8,534
(85,838)
(9,177)
25,584
643
(49)
49
50,788
<50,788)
7,130
(7,130)
78
11)
712
(78)
(712)
86.481
(95,403)
8,922
37,362
5,589
(37,362)
{5,589)
2,075
1,308
{2,075)
146
(1)
(1 ,454)
(1)
3,950
39,773
(45,492)
5,719
3,950
827,983
1,301
203
(827,983)
(1,301)
20
(224)
(1)
Page 45

The Rivers Trust
Notss to the Financial Statements for the Year Ended 31 December 2024
Balance at
31
December
2023
Balance at
1 January
2023
Incoming Resources
resources
expended
Transfers
Thames Technical
Support Project
The Outfall Safari
Topsoil
Treasure Your River
Trees for Water (MSA)
Turing Intemshlp
Water for Tomorrow
Water Net Gain
Water Resources Priority
Catchments
Water Resources Priority
Catchments 2023-2024
WaterCoG
West Wales RT Storymap
Woodlands for Water
Woodlands for Water Nl
WWFICoke Phase 3
Wetland Data
Explorer
YDRT Meta Data Hub
Yorkshire Water Dam
Removal Training
Other
10,426
1,133
(10,4261
(9831
1,116
17,630
(1,266)
(17,632)
5,251
(2)
3,824
26,926
10,535
343,213
742
(9,075)
(26,926)
{9,660)
(358,842)
(742)
{875)
1,205
14,424
1,163
(1,163)
53,340
(53,340)
(1)
(16)
<410,148)
(8,879)
(3,389)
16
85
410,148
8,879
3,389
85
354
4,456
(354)
(4,4561
1,450
{1,450)
692
617
75
Totsl restrfcted funds
178,150
5,163,650
5,273,966
38,358
106,192
Total funds
1,184,136
6,719,463 (6,855,654
1,047,945
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
The above projects can be summarised as follows..
3C's.' A collaborative project working with a range of partners, designed to explore a collaborative
approach to coastal management, with a specific focus on the Sevem and Thames tidal reaches and
a national framework.
AA-Floods.' An EU Interreg funded project to reduce human and material damages due to flooding by
improving the tools of Prevention, Alert and Crisis Management at the Local Scale.
ABP Enforcement Undertaking.. Developing a service for local rivers trusts to 8nable them to have the
capacity and capability to manage enforcement undertakings.
Al River Habitat QualityTool.. This project will look 8t developing a deep learning model (Convolutional
Neur81 Net} that is able to predict river habrtat quality from satellite data. This tool would allow river
habitat scores to be derived from readily accessible remote sensing data every two weeks (using
Sentinel-21 across the entirety of the UK. This would allow frequent monitoring to be undertaken, and
would be a dramatic improvement in the data available for managers.
Amazon Water Replenishment.. Funding from Amazon Data Services Inc., for two new wetlands, the
first at Wilton Wetlands in West Berkshire and secondly, creation of wetlands on the River Kennet at
Fyfield, Wiltshire.
Barrier Prioritisation.. working in partnership with the Environment Agency to produce fragmentation
statistics for every river in England. These statistics will be used by the EA to drive their barrier
prioritisation work but will also be used by CaBA, rivers trusts and water companies to set Iheir own
priorities for barrier removal by combining the fragmentation statistics with local knowledge, data and
available funding.
Bentley Investing in the Wavy Gowy.. This new project with the Bentley Environmental Foundation
Charitable Trust will look to safeguard and improve the Valley Brook in the Weaver Gowy catchment
through a large scale wetland construction and river restoration activities, and building the capacity,
capabilities and environmental skills required to deliver long-term environmentel improvements.
Better Rivers North West Farm Clusters.. Funding from United Utilities for farm grants to drive
approaches to ensure that productive agriculture and healthy rivers co-exist sustainably, side by side.
Blagdon River Réstoration.. This project is a continuation of work carried out last year (by EA) to
develop the Pont and Blyth River Restoration and Nature Recovery Plan. The B1￿h at Blagdon project
will work in partnership with EA and The Rivers Trust to engage a contractor to develop detailed
designs for riv8r and habitat restoration at sites within the Blyth from Pont to Tidal Limit
waterbody. The aim of the project is to reinstate or reproduce natural river process as much as site
constraints permit, to provide a long-term and more sustainable solution for the two degraded reaches
of the river Blyih.
Business Engagement Officer Funding.. Funding for a Business engagement officer for 1 year to focus
on working with business to attract private finance into the Resilient Glenderamackin project.
CaBA FCRM Capacity Building.. to continue to build capacity within CaBA to contribute to the delivery
of the Flood Risk Management Plans (2020-2026).
CamEO Catchment Systems Operator Pilot.. CamEO catchment trials including natural capital metrics
development, funded by Anglian Water.
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The Rivers Trust
Notes to the Financial Ststements for the Year Ended 31 December 2024
Catchment Partnership Support (CaPS).' Funding from Thames Water for training to assist with
developing the capacity of the 27 catchment partnerships in the Thames Water operational area.
Carbon Connects.. An EU Interreg project to reduce the high footprint of degraded peatlands in NW
Europe by introducing innovative business models based on sustainable land management practices.
Castco: Catchment Monitoring Co-operative. Ofrwat Water Breakthrough Challenge funding to
kick-start a transformational change in the gathering and sharing of vilal local evidence to enable
better management of the water environmenl. Establishing the first national framework for citizen
science and local community evidence gathering alongside technologically advanced monrtoring
solutions, to fill the significant evidence gaps that have prevented government, business and
communities working together to improve our rivers.
Catchment Based Approach ICaBA).' Funds received from Defra under the catchment based
8pproach initiative to provide national technical support to all NGO catchment partnerships in England
and Wales and to support additional specific aspects identifiod and determined by the CaBA National
Steering (Support) Group.
CCEP Norfolk Rivers Trust Initiative.. The focus of the funding from Cola-cola Europacrfic Partners will
be used to build the work of the Norfolk Rivers Trust with their Water Sensitive farming initiative and
supporting farmers, particularly sugar beet growers, to establish best practice approaches to land
management in order to reduce the impact of agriculture on key water sources in the catchment.
Chalk Stream Working Group Story Map.. Develop a 'Hub' for the Chalk stream working group on the
CaBA data platform to provide a one stop shop for CaBA and NRN partnerships to access data,
guidance and resources relevant to work on chalk streams. This is a partnership project between the
Environment Agency and the CaBA technical team.
CleanEST.' EU Life I ntegrated Project working with multiple partners on development of an integrated
water management and its modern tools in Estonia.
Coke Replenish.. a large catchment-based program fully-funded by Coca Cola Foundation including
creation of new wetlands and delivering improvements to water quality and water stewardship.
Collaborative Fisheries Monitoring Programme: A pilot collaborative agreement with the Environment
Agency to enhance migratory salmonid monrtoring data collection and sharing.
Coastal Health Taw Study.. Analysis of chemical pollution in the Taw catchment. Part of a wider
project looking at health of Ihe freshwater and estuarine ecosystem.
Connect (BRIOGE).. Contribution by Wessex Water to an ￿at Innovation Fund application.
Courtauld 2025 & 2030 Grants.. At its core, tha Courtauld 2025 Water Ambition and Courtauld 2030
Water Roadmap includes a programme of collective action project5 that aim to improve the quality
and availability of water in key sourcing areas for the UK's food & drink sector and to address the
challenges we collectively face in protecting critical water resources for food supply, for nature and for
local communities.
EA Underspend for Market Creation.. A project with the Environment Agency on capacity building in
applying the 'Wyre Investment Readiness Fund, approach on a number of market led initiatives,
including the Eden Future trades and Glenderamackin within the North West.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
East Anglian Collective Action Hub.. Utilising funding from Anglian Water to establish the East of
England Planning Hub. The hub will bring together national, regional and local expertise, and
stakeholders in the region. Its primary aim is to support development of Anglian Water's WINEP.
Eels.. funding to support continued development work related to Eel populations.
EFF Glenderamackin Bridge.. Bridge funding from the Esmée Fairbairn Foundation to fund the
continuation of the Glenderamackin NEIRF through a Landscape Recovery application.
Esmée Fairbairn Chalk Stream Restoration: Support from the Esmée Fairbairn Foundation for the
costs of employing a Programme Manager for the implementation of the Chalk Stream Restoration
Strategy Implementation Plan.
Esmée Fairbairn Loan Scheme.. £2m Loan Facility for the Esmée Fairbairn Foundation to provide
low-interest loans to the RT movement to support with cash flow for funds paid in arrears.
Esmée Fairbairn Regional Development Grant.. to build cap8¢ity, consistency and collaboration within
the rivers trust movement.
Esmée Fairbairn Wyre NFM.. investigating the extent to which natural flood management in the Wyre
Valley can be funded by private investment.
Esrnée Fairbaim WEG Support Facility.. facilitating loans to member trusts in the buslness of
delivering work that will improve the condition of rivers or that will improve the status of protected
wetlands in the UK in accordance with agreements with WEG.
(ESRI) GIS & Data Support & COP for the RT Movement 2024-25.. The Esri Enterprise Agreement is
an annual software programme which provides RT and member trusts (as affiliates) with access to
Esri Hub premium, ArcGIS Online, ArcGIS Desktop and numerous extensions, plus online data
storage and analysis capacity.
ESRI Enterprise Agreement (Internal).. Esri Hub Premium is an essential component of the NFM I
NBS Hub, Ag Hub, Tree Hub, CaBA Data Hub, Irish dala hub, Coastal Hub, Plastics Hub, Regional
Hubs (Anglian and NE), Natural CourselCa8tCo citizen science & monitoring Hub and others. ArcGIS
Desktop is a necessary component for every RT project which requires spatial analysis, mapping or
data processing capability.
EFS NI & EFSNI GFP21-26'. The Environmental Farming Scheme (EFS) is a voluntary scheme,
launched by DAERA in February 2017, and designed to support farmers in implementing
environmentally beneficial farming practices on agricultural land. Central aims of the scheme include
improved water quality and water management, the reduction of soil erosion and better on-farm soil
management. The Rivers Trust is going to be directly involved in running the scheme in the area of
Upper Bann River (County ArmaghlDown) and Ballindery River {County TyronelLondonderry-Derry).
This scheme has now been extended with further funding to cover the Dundrum River {County Down),
Ballinderry River & western-shore of Lough Neagh (County TyronelLondonderry-Derry) and Lagan
River (County DownlAntrim).
ESRI Enterprise License Agreement (ELA).. Training and education within the rivers trust movement
to develop the use of ArcGIS resources and standards.
Evenlode Story Map.. Partnership with Wild Oxfordshire.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Fami Advice Database (or Agricultural Hub): Developing a CaBA Agriculture Hub with funding from
WWF-UK, Tesco, Waitrose and other businesses and organisations with the intention to support cross
sector collaboration at a catchment scale.
Fishmongers, Fisheries.. a grant from the Fishmongers, Company for the Trust to evaluate freshwater
fisheries management in England. Wales and Northem Ireland.
Fishmongers, Water Quality Advocacy.. a grant from the Fishmongers, Company centred around water
quality advocacy, with particular refererbce to 'lurning the tide on sewage, and influencing long range
outcomes that will be of benefil to the shellfish sector, as well as all other coastal water stakeholders.
Forest for the Nation.. 8id management support for Ribbl& Rivers Trust.
Foundation for Water Research CIWEM.. A five year partnership between CIWEM and The Rivers
Trust brings the technical depth and breadth of reach required to sustain and enhance FWR'S legacy.,
to inform, inspire and influence improved water and environmental management.
Garfield Weston Grant.. to build core capacity within The Rivers Trust.
Glenderamackin NEIRF.. Working with West Cumbria Rivers Trust to create a commercial structure
(CIC) Ihat will drive enhancement of the water environment and surrounding land to achieve or
exceed the objectives set by the NW River Basin Management Plan and the Catchment Action Plan
for the Glenderamackin.
GovAqua.' A Horizon Europe project on govemance innovations for a transition to sustainable and
equitable water use in Europe.
Greggs Comrnunity Urban River Regeneration Fund.. this project is fully-funded by the Greggs
Foundation and is designed to engage and directly benefit local communities through education.
Guilsfield Replenish.. Working with Severn Rivers Trust on developing a bespoke interface for
Replenish in the Guilsfield catchment, including catchment specific land use change and soil
husbandry interventions and environmental data.
Hepple Wetlands WEIF.. To enable the delivery phase of the Hepple Wetland Restoration and
Creation in the Grasslees Burn waterbody and other tributaries of the River Coquet including the
Swindon Bum, Whitefield Burn and Bickerton Burn The project is managed and delivered by The
Rivers Trust in partnership with Hepple Estate.
Hogan Lovells Charity Partnership.. Charity partnership between Hogan Lovells International LLP and
The Rivers Trust . The agreement includes donations for the benefit of The Rivers Trust, The Rivers
Trust movement and specific Member Trusts.
Humber.. funding provided by Associated Brttish Ports by way of mitigation for the Green Port
Development to undertake river improvements to aid fish passage in the catchments flowing into the
Humber Estuary.
In-NO-Plastic.' A Horizon Europe project working on innovative approaches towards prevention,
removal and reuse of marine plastic litter.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
icatch Hub Network.. A Local Authority Waters Programme Community Water Development Fund
grant to support communities in progressing water related projects and initiatives. The network will
facilitate regional meetings, provide additional resources and encourage knowledge transfer in
Ireland.
Ireland Start-up.. funding provided by the Government of Ireland to promote rivers trust development in
Ireland.
Ireland Water Stewardship.. A project funded by Amazon Data Services Ireland Ltd and the Bonneville
Environmental Foundation to identify opportunities for sustainable replenishment projects in Ireland
and to build capacity in the water environment.
John Elleman Foundation Grant.. Funding towards salary costs of key commercial and
communication staff.
LAWPRO Catchment Support Fund 2024.. Support and facilitate the development of new and
emerging rivers trusts in Ireland and provide ongoing day-to-day support to local rivers Irusls.
Leeds NFM Investment Readiness.. Development of a commercial investment model for the Leeds
NFM programme, based on the Wyre NFM IR project, working closely with the Aire RT, EA, Leeds
City Council and partners.
Lidl Wetlands.. Lidl is funding projects to address water quality issues from agriculture. The projects
will focus on wetland creation.
Link Chemicals.. Funding from Wildlife and Countryside Link towards an End Chemical Pollution
campaign river pollution analysis and mapping.
Lyne River Restoration WEIF.. Working with Northumberland Rivers Trust on the River Lyne
Restoration Project.
M&S Water Stewardship.. Funding for Medway and Wye & Usk water stewardship projects.
Mainstreaming Nature Based Solutions (Nbs): o￿at Innovation Funding for nature-based solutions.
NBS have the potential to provid8 multiple socio-economic and environmental benefits by tackling
flooding, drought and water quality issues at18ndscape scale. However, there are systemic barriers
currently preventing wider adoption and the benefits of N8S from being fully maximised, such as=
fragmentedlsiloed investment, lack of standardisation and ￿gUlatOry restrictions. This
transformational programme of work brings together multi-sectorial expertise and leadershlp to
collaboratively create and test new solutions to remove these barriers through real life case studies
and facilitate and enable transition of NBS into business-as-usual to deliver greater value for
customers, society, environment.
Morecambe Bay Volunteer Hub.. project to deliver a volunteer hub online portal to signpost volunteers
to a range of volunteering opportunities.
Natural Capital (Anglia).. Natural capital project in partnership with Anglian Water, VbWF and Elveden
Estate.
Natural Course.. EU Life Integrated Project to support the implementation of the North West (NW)
River Basin Management Plan by building the strategic capacities needed in authorities and
stakeholders. This will lead to new ways of working that will make protecting water resources in the
NW more achievable and more affordable.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Natural Course Legacy Website= A continuing collaboration by the Natural Course partners to
maintain the project web51te for a further five years following the end of the project.
Natural England Blue Spaces Mapping- This is a partnership project between Natural England and
The Rivers Trust, the purpose of which is to continue to build capacity within the Catchment-Based
Approach (CaBA) & Nature Recovery Network (NRN) partnerships, to use blue space mapping to
maximise the health & wellbeing benefits of their work.
Nature North Advocacy.. A funded advocacy role to utilise existing connections and identify
opportunities to make new connections to gain greater visibility, support and investment in nature
recovery and increase awareness of Nature North.
NE Blue Space.. 15 minute Neighbourhoods.. A project funded by Natural England to detemiine
method of identifying locations where blue infrastructure can be accessed in England within a 15
minute walk.
NEIRF - BART.. This Natural Environment Investment Readiness Fund project will develop and pilot a
freshwater biodiversity model that will secure long-term funding for river restoration. The project is
being led by Bristol Avon Rivers Trust.
NEIRF - DIME.. Working with the Wye and Usk Foundation to provide assistance on the DIME Natural
Environment Investment Readiness Fund project.
NEIRF - Calder & Colne RT.. Develop the governance and financial model of a brokeringltrading entity
focussed on Biodiversity Net Gain and Replenish metrics.
NEIRF - Eden Catchment.. A Natural Environment Investment Readiness Fund project funded by the
Environment Agency to establish commercial guidance and future trades for the Eden Catchment
market.
NEIRF - Irwell GMCA (Greater Manchester).. A project to put in place the key building blocks needed
to bring together a consortium of buyers for Natural Flood Management services across a 4,500ha of
the upper Irwell Catchment. The installation of highly targeted NFM interventions, delivered by
farmers, could reduce downstream flood risk to targeted communities.
NEIRF - London River Bank.. Natural Environment Investment Readiness Fund project to understand
the market for river-based Biodiversity Net Gain units and water availability and quality improvements
across London.
NEIRF Replenishing Nature.. A Natural Environment Investment Readiness Fund project funded by
the Environment Agency to establish a formulised water stewardship metric to make it easier for
businesses to invest in water.
NEIRF SERT: Working with South East Rivers Trust on a Natural Environment Investment
Readiness Fund project to design and establish a vehicle for financing and delivery of nature based
solutions required for water resources resilience and wider landscape recovery in the Beult catchment
and beyond.
NEIRF Tyne.. Working in partnership with Tyne Rivers Trust on a Natural Environment Investment
Readiness Fund project to set up a special purpose vehicle to facilitate trading of the environmental
benefits provided by fine sediment load reduction in the River Tyne.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
NEIRF - Upper Wharfedale.. The project will develop and test an innovative ecosystem-based nature
funding model that generates credits for 'bundled' ecosystem services to fund nature recovery and
species conservation in Upper Wharfedale in the Yorkshire Dales National Park. The approach will be
tested at a pilot ecosystem restoration site at Kilnsey Park Estate.
NEIRF Westcountry Rivers Trust River Bank: The River Bank project and watercourse Biodiversity
Net Gain units gives the opportunity to provide landowners with an incentive to remove structures
across up to ￿entY watercourse sites.
NEIRF Wye Tributory IDIME 2).. This project will establish the Commercial and legal infrastructure
necessary to underpin a market and release £7.2m investment over 30 years in Natural Flood
Management, base flow support, biodiversity and carbon sequestration within the River Wye
catchment in Herefordshire.
NERC Q-NFM.. Working with Lancaster University on quantifying the likely magnitude of nature-based
flood mitigation effects across large catchments.
Network Support Service.. A project to enable growth of a professional, efficient and evidence-led
movement at the leading edge of environmental managemgnt, by developing and co-ordinating
services for our member trusts that support professional and technical development and promote
efficient, consistently safe and secure business practices.
Northumbertand River Restoration WEIF.. Working with Northumberland Rivers Trust on the
Northumberfand River Restoration Project.
NRCP Iconic Partnerships: An Environment Agency Partnership Grant to assist with building and
strengthening the Northumberland Catchment Partnership.
NRN Data Model & Collaborative Delivery Platform.. Creation of a Nature Recovery Network collective
monitoring and evaluation prototype for Natural England as proof of concept.
NRN Data Platform Phase 2.. Creation of a Nature Recovery Ne￿Ork collective monitoring and
evaluation prototype for Naturel England as proof of concept.
NRTICoke Restoring Nature.. Working with Norfolk Rivers Trust using Coca Cola funding on a projact
'Restoring Nature and Replenishing Water at a Landscape-scale,.
People's Postcode Lottery.. Grant funding to secure core functions including fundraising,
communications, human resources and building operational architecture.
Pilot Resilience Project.. to support kn recently established rivers trusts in Ireland (Inishowen and
Maigue) through the initial years of operation, as they transform from volunteer-led fledgling
organisations to sustainable charities capable of securing and delivering catchment-scale projects.
Pont & Blyih River Restoration WEIF: To improve the Water Framework Directive status of
waterbodies in the Pont and Blyih river catchment through targeted interventions as identrfied in the
2023 Pont and B1￿h River Restoration and N8ture Recovery Plan including developing relationships
wtth local landowners and developing co-funding opportunities.
Preventing Plastic Pollution.. An EU Interreg project to enhance and protect the coastal and
transitional water ecosystems by nalionallylinternation8lly enabling transformational change in both
the scale and impact of activities to tackle plastic pollution.
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Tha Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Resilient Glenderamackin Landscape Recovery: Continuation of the Resilient Glenderamackin project
funded by NEIRF. Looking at expanding into landscape recovery with the focus on how to blend
private and public finance to deliver a catchment scale intervention.
Ribble Sectoral Transformation Project.. The project is to run EcDservR and the ecosystem services
tool for the whole of the North West, Mersey to Cumbria, for 12 catchments in the North West River
Basin District.
River Bathing Water Development.. Funding from multiple sources including the Oak Foundation and
the Alba Trust to further the development of public awareness of river pollution and sewer outfalls
through work on bathing water designations for rivers.
River Buffers Campaign.. A project to deliver a multifaceted campaign which educates a wide range of
audiences (the public, landowners, ministers, governmental bodies, MP'S and other relevant
stakeholders) about the benefits of river buffers and builds a platform for direct discussion with
landowners and policy makers.
River Deep Mountain Al.. As 8 project partner the Rivers Trust will join the new O￿at Innovation Fund
project on Artificial Intelligence. Purpose.. to deliver proofs-of-concepts demonstrating how machine
learning models and remote sensing help to enhance and improve catchment monitoring and
planning.
Salmon School Engagement.. School engagement including teaching classes about rivers and
undertaking eDNA testing and athork. Activities build up to the Wodd Salmon Connections
conference at Fishmongers Hall in January 2025.
Shellfisheries Risk Mapping.. Grant funding from the Fishmongers, Company to develop spatial
analysis of microbial pollution risk to shellfisheries.
Simply Washrooms Campaign.. Charity partnership be￿een SimpSy Washrooms Ltd and The Rivers
Trust. The agreement includes donations and communications for the benefit of The Rivers Trust.
Source to Tap.. a fully-funded project to develop cross-border catchment management both north and
south of the Irish border funded by the EU (Interreg) wlth the Government of Ireland and Northern
Ireland Executive providing match-funding.
Strategic Development Fund.. a fund from donations re￿ived, established to carry out strategic
development in accordance with the Trust's objectives.
Sustainable Catchment Projects.. Capital funding from the Dep8rtment of Agriculture. Environment
and Rural Affairs in Northern Ireland. Working in partnership with Ballinderry Rivers Trust to deliver a
variety of bespoke agri-environmental on-farm measures and interventions, designed to improve and
protect water and air quality in the Dundrum, Ballinderry, Salterstown and the Upper Bann rivers,
catchments.
Sustainable Waters Educational Materials & Outreach.. Create a suite of ten Ambassador Scout
branded lessons for use by all member trust education staff. Professionally designed and presented
with ties to the school curriculum.
Tame RT NFM Modelling.. Natural Flood Management modelling.
Tees RT GIS Training.. GIS technical training and support for Tees Rivers Trust staff.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Thames Catchment.. Funding from Thames Water to facilitate a partnership with members of
Catchment Partnerships to support Thames Catchment CaBA Partnerships.
Thames Technical Support Project" Funding from Thames Water to further catchment partnership
support.
The Outfall Safari.. Working in partnarship with Trent RT to test the Pollution Watchdog Outfall Safari
app.
Topsoil: an EU Interreg project which explored the possibilities for using the uppermost soil layers to
solve current and future water challenges.
Treasure Your River.. a project with the Hubbub Foundation UK to work collaboratively to deliver the
aims of the campaign around the reduction of lrtter from rivers with emphasis on monitoring and
evaluation.
Trees for Water.. Funding from the Missing Salmon Alliance to develop a movement wide pipeline of
tree planting projects and a hub for provision of technical support around tree planting and carbon
registration.
Turing Internship.. Grant funding from the Alan Turing Institute Climate and Environment Pilot
TINIDSG programme for an internship and data study group.
Water for Tomorrow.. an EU Interreg project to develop and implement new multi sector adaptation
strategies to facilitate sustainable management of water resources.
Water Resources Priority Catchments.. a project with the Environment Agency to facilitate delivery of
sustainable Water Resource outcomes in identified calchments as part of the Catchment Based
Approach (CaBAI and support wider communications of the benefits of a collaborative approach to
addressing water resources challenges.
Water Net G8in'. o￿at Water Breakthrough Challenge funding to explore the govemance and
technical elements of planning, designing, creating and trading of a water bank through a distributive
network of ecologically connected ponds and lakes linked to wider Nature Based Solution5 that
Passively contribute to summer base flows.
Woodlands for Water.. a grant from Defra to uplift Riparian planting, with 3,150 heclares of new
Riparian woodland created as a result of this project's support, development and engagement
activities.
WWFICoke Phase 3.. A project to upscale the Water Stewardship approach to a national scale 8nd
integr8te with CaBA, alongside developing relationships with large national and international
corporates interested in becoming water stewards.
voArr Wetland Data Explorer.. Collaborative agreement vrfith The Wildfowl & Wetlands Trust to create
a Wetland Data Explorer App.
YDRT Meta Data Hub.. Collaborative agreement with the Yorkshire Dales Rivers Trust to develop
Metadata hub for the River Wharfe.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
Yorkshire Water CaBA Partnerships: The overall aim of the project is to support three of the Yorkshire
Catchment Partnerships (the Aire, Calder and Don) to each develop a bespoke online catchment
portal or 'Story Map, which promotes the work of the partnership and enables them to visualise and
share their catchment evidence base.
Yorkshire Water Dam Removal Training.. Partnership agreement with Yorkshire Water to identify low
risk barrier removals which will give the greatest benefits to Yorkshire rivers.
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
24 Analysls of net assets betw8en funds
Group
Total funds
at31
December
2024
Unre8trlcted
funds
General
Restrlcted
funds
Tangible fixed assets
Current assets
Current liabilitl8S
47,797
1,367,820
(416.707
998,910
47,797
6,177,980
4,961,475
4,810,160
4,544,768
Total net assets
265,392
1,264,302
Total funds
at31
December
2023
Unrestricted
funds
General
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
46,157
1,512,028
616,432
46,157
6,888,533
5,886,745
5,376,505
5,270,313
Total net assets
941,753
106,192
1,047,945
25 Analysls of nat funds
Group
At31
Decembar
2024
At 1 January
2024
Financlng
cash flows
Cash at bank and in hand
5,912,442
5,912,442
(1,013,138)
1,013,138
4,899,304
4,899,304
At31
December
2023
At 1 January
2023
Flnancing
cash flows
Cash at bank and in hand
3,679,799
2,232,643
2,232,643
5,912,442
3,679,799
5.912,442
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The Rivers Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
26 Related party transactions
Income received from Fellows who are also Trustees totalled £15,000 (2023: £5,000).
During the year the charity also received total donations of £103,000 (2023 - £99,184) from other
related parties. In addition, a related paty donated £100,000 (2023.. Nil) towards grants in support of
smaller trusts.
A Trustee of The Rivers Trust is the Chief Executive Officer of Ribble Rivers Trust (RRT}. During the
year, The Rivers Trust purchased services amounting lo £30,500 {2023.. £45,435) from RRT and its
trading subsidiary and received £13,934 (2023- £1,500) from them. At the year-end there was a
creditor balance of £Nil {2023.' £517) and a debtor balance of £2,239 (2023.. £1,538).
The Chief Executlve Officer of Action for the River Kennet (ARK) was 8 Trustee of The Rivers Trust
until 2nd July 2024. In the period 1st January 2024 to 2nd July 2024, The Rivers Trust purchased
services amounting to £Nil (2023.. £17,353) from ARK and received £1,448 (2023.. £1,740) from them.
A Trustee of The Rivers Trust is the Chief Executive Officer of the South East Rivers Trust (SERT).
During the year, The Rivers Trust purchased services amounting to £4,677 {2023.' £387,574) from
SERT and received £8,202 (2023.. £18,825) from them. At the year-end there was a debtor balance of
£3,308 (2023.. £2,871).
A Trustee of The Rivers Trust is a Trustee of the Wye and Usk Foundation (WUFI. During the year,
The Rivers Trust purchased services amounling to £80,729 (2023.. £47,360) from WUF and received
£1,500 {2023.' £8,362) from them. At the year-end there was a creditor balance of £16,379 (2023=
£10,344).
Costs were incurred on behalf of Rivers Ecosystem SeNices Limited, which is a subsidiary of The
Rivers Trust, in the period for staff and other costs of £547,813 (2023.. £192,724). Profits from the
subsidiary are also gift aided to The Rivers Trust each year. At the year-end there was a balance of
£349,067 owed to the charity (2023.. £197.836).
A Trustee of The River5 Trust is the Chief Executive Officer of the West Cumbria Rivers Trust
(WCRT). During the year, The Rivers Trust purchased services amounting to £38,187 12023:
£34,340) from WCRT and received £102,385 (2023". £24,691) from them. At the year-end thare was
debtor balance of £14,110 (2023.. £1,386) and 8 creditor balance of £8,193 (2023.. £5,244).
Costs were incurred on behalf of Patchview Designated Activity Company, which is a subsidiary of
The Rivers Trust, in the period for staff and other costs of £13,927 (2023.. £1,547). Costs were
incurred on behalf of The Rivers Trust by Patchview Designated Activity Company amounting to
£106,944 (2023- Nil). At the year-end there was a balance of £7,460 owed to the charity (2023-
£10,540).
Costs were incurred on behalf of Abhainn BEO, which is a subsidiary of The Rivers Trust, in the
period for staff costs amounting to £228 (2023: £Nil). At the year-end there was a balance of £8,513
owed to the charity (2023.. Nil).
Two Trustees of The Rivers Trust are the directors of both Patchview Designated Activity Company
and Abhainn BEO.
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