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← Tyne Rivers Trust

2023-10-31-accounts

TYNE RIVERS TRUST (a company limited by guarantee)

Registered number: 05086888

Charity number: 1107358

TYNE RIVERS TRUST

(A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

for the year ended 31 October 2023

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TYNE RIVERS TRUST (a company limited by guarantee)

CONTENTS

Reference And Administrative Details Of The Charity............................................................................ 2 Charity Objectives ................................................................................................................................... 4 Our Vision: ...................................................................................................................................... 4 Our Mission ..................................................................................................................................... 4 Our Charitable Objectives ............................................................................................................... 4 Our Strategic Objectives ................................................................................................................. 4 Structure, Governance And Management .............................................................................................. 4 Constitution ......................................................................................................................................... 4 Method of appointment or election of Trustees .................................................................................. 5 Organisational structure and decision-making ................................................................................... 5 Related parties .................................................................................................................................... 5 Chair’s Review ........................................................................................................................................ 5 The Board ........................................................................................................................................... 5 Our Staff & Volunteers ........................................................................................................................ 6 Delivering our Mission ........................................................................................................................ 7 Financial Summary………………………………………………………………………………………………9 Reserves Policy…………………………………………………………………………………………………11 Future Plans………………………………………………………………………………………………..……11 Independent Auditors Report………………………………………………………………………………………………………………13 Consolidated Statement of Financial Activities…………………………………………………………………………………..17 Consolidated Balance Sheet………………………………………………………………………………………………………………..18 Consolidated Statement of Cashflows…………………………………………………………………………………………………19 Charitable Company Balance Sheet…………………………………………………………………………………………………….20 Notes to the Financial Statements…………………………………………………………………………………………………….. 21

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TYNE RIVERS TRUST (a company limited by guarantee)

Reference And Administrative Details Of The Charity

Company registration number: 5086888

Charity registration number: 1107358

Registered office : Unit 8, Shawwell Business Centre, Stagshaw Road, Corbridge, Northumberland NE45 5PE

Chief Executive Officer: Dr Ceri Gibson

Accountants : NE Accountancy Services Ltd, 27 Park Avenue, Roker, Sunderland, Tyne & Wear SR6 9NJ

Auditors : Counting North, Salvus House, Aykley Heads, Durham DH1 5TS

Bankers : Barclays Bank PLC, Priestpopple, Hexham, Northumberland, NE46 1PE

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Table 1 Trustees Date Appointed
Richard Kirk (Chair) 01/05/2020
David Bradshaw 22/01/2015
Stephen Hunneysett 20/06/2019
Christopher Liddle 20/06/2019
Hugo Remnant 19/12/2006
Thomas Richardson 20/06/2019
Kate Simpson 21/11/2019
Edward Twiddy 20/12/2012
James Wright 16/09/2021
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Tyne Rivers Trust is the only environmental charity dedicated to looking after the Tyne rivers. The work that we do is vital to mitigate the effects of climate change and support the wildlife and landscape of the Tyne rivers. We strive for a better river, a better region and a better life for all.

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report for the Year Ended 31[st] October 2023

Charity Objectives

Our Vision:

That the rivers, burns and loughs of our Tyne catchment encourage a biodiverse environment for people and wildlife to thrive, now and for all time.

Our Mission

From Alston and Kielder to Tynemouth, to improve the wellbeing of our rivers and people through education, tackling pollution and practical conservation. We will achieve this by working with local communities and applying our scientific knowledge and environmental skills.

Our Charitable Objectives

The aims of the Trust are as set out in the Memorandum and Articles of Association, namely to:

Our Strategic Objectives

As a result of our work the Tyne and its tributaries will be:

Structure, Governance And Management

Constitution

The Trust is registered as a company limited by guarantee in England and Wales under number 5086888 and the charitable company is constituted under a Memorandum of Association dated 29[th] March 2004. It is also registered as a charity with number 1107358. The Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the Trust in the event of winding up.

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

Method of appointment or election of Trustees

The management of the charitable company is the responsibility of the Trustees who are appointed under the terms of the Memorandum and Articles of Association. Trustees are recruited by recommendation or advertisement. Trustees are interviewed and invited to meet with staff and to attend a board meeting before mutual agreement to appoint. Induction and training are undertaken by existing trustees, senior staff and facilitated through resources such as National Council for Voluntary Organisations, NCVO. Trustees serve for 4 years, renewable twice up to a total of 12 years. The Chair is elected from the Trustees and serves for 3 years, extendable once. Retired Chairs can continue to serve as a trustee to a total of 12 years on the board.

Organisational structure and decision-making

Trustees meet formally at least quarterly and liaise constantly between meetings amongst themselves and with the Trust’s staff, especially with the Chief Executive Officer to whom operational management of the trust is delegated. Individual Trustees are also elected as committee members with agreed terms of reference for the Finance and Risk Committee, FARC and the Human Resource Committee, HRC. The FARC reviews the major risks to which the Trust is exposed. Risk is assessed on an overall basis as well as a project-by project basis. The Trust maintains appropriate insurance cover including employers’ liability, public liability and professional indemnity (covering Trustees). The HRC agrees the pay and remuneration for all staff annually in line with similar posts and following performance reviews. A Trustee is appointed as the Safeguarding representative who works with the Designated Safeguarding Officer. Specific task forces comprising trustee and staff representation are set up to work through time-sensitive priorities such as seeking patrons, marketing and fundraising.

Related parties

Tyne Rivers Trust has a wholly owned trading subsidiary, River Catchment Services Limited. The financial results of this subsidiary are consolidated into these financial statements.

Public Benefit

Tyne Rivers Trust provides a range of benefits to its community, commonly referred to as ‘Ecosystem Services’, these include improvements to water quality, improvements to recreational areas, reduction in flood risk and increase in biodiversity. Through our education and volunteering programmes we also provide social benefits.

Chair’s Review

The Board

The Board of Trustees is responsible for working with the CEO to set our strategy and ensure that the charity has the financial and staff resources it needs to meet its objectives. It delegates the day-to-day responsibilities of the charity to the Executive leadership team which steers the staff to deliver effective, regenerative and evidence-led improvements for our Tyne rivers by working with local communities and applying scientific knowledge and environmental skills.

Our current Board draws its members (Table 1) from a wide range of personal and professional backgrounds, who all have a passion for the Tyne rivers and environment. The expertise, and guidance of our Trustees helps us to achieve our goals and ensure a lasting impact. Our Trustees are the backbone

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

of the Trust. They provide strategic direction, ensure good governance, financial oversight and champion our cause.

Our Staff & Volunteers

We have a dedicated team (Table 2), led by our CEO Ceri Gibson, ensuring our work is underpinned by environmental science. In addition to 12 staff members we have a large pool of volunteers who collectively have generously donated 4,954 hours to our cause assisting with monitoring the river quality, removing invasive non-native species (INNS), and human rubbish removal and tree planting.

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Table 2 Staff
Aidan Pollard Fisheries Manager part-time
Kim Storey Finance Manager part-time
Kirsty McNaught Communications Officer part-time
Elizabeth Walters Project Manager part-time
Jack Bloomer Deputy CEO full time
Anderson-Hire (nee
Danielle Anderson-Walker) Farms Liaison Officer full time
Jenny Dowden (nee Elliot) Volunteer Co-ordinator full time
Simone Saville(previously Price) My Tyne Officer full time
Ceri Gibson CEO full time
Jamie Stewart Catchment Habitat Advisor full time
Eleanor Starkey Catchment Project Manager full time
Michelle Sharman Business Administrator part-time
Martin Colling Tyne Mining Legacy Project Manager part-time
Jo Wilkes Business Administrator part-time
Chloe Hall Communications Manager part-time
Cat Jarman Volunteer Co-ordinator (maternity cover) fixed term
Maddy Fowler Urban Catchments Project Manager full time
Yve Martin Protected Species Project Manager full time
Volunteer Co-ordinator (maternity cover,
Elaine Baldwin job share) fixed term
Volunteer Co-ordinator (maternity cover,
Paul McGinn job share) fixed term
Julie Lawrence Operations Manager part-time
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Various human resource issues have presented themselves over the past year which has led to increased staff turnover, impacted workloads and hindered our workforce expansion. The Board has been very supportive throughout this time. The HR committee, led by Kate Simpson, working with the Executive Leadership Team in conjunction with an Organisation Review undertaken by an external consultant, ensured these issues were resolved satisfactorily. We now have a more robust system in place to address staff issues at an earlier stage and as a consequently staff morale has improved significantly. We have

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

recruited more staff with specialist urban catchments and protected species skills and an operational manager to improve our efficiency across all the projects.

We are mindful that our current office facility at Shawwell Business Centre is inadequate for our needs – both in terms of staff and equipment storage. Staff therefore continue to work a hybrid model of home and office working, and when in the office “hot desking”. We have looked for alternative accommodation but not found anything suitable or affordable at the present time.

Delivering our Mission

The Tyne Rivers

The Tyne and its tributaries flow through the picturesque semi-rural counties of Cumbria, Durham and Northumberland and the Tyneside conurbation. A mixture of beautiful wide-open spaces, species-rich ravines and fascinating industrial heritage, passing through rural and urban areas before flowing out to sea at Tynemouth.

The global pandemic and the increasing frequency and impact of extreme weather events have highlighted the importance of our environment and how we choose to live within it. We work with people and communities to protect and enhance the River Tyne and its tributaries, so they are healthy, biodiverse, and an asset for present and future generations.

TRT works with communities along both the urban and rural river catchments of the Tyne and its tributaries in order to:

Practical Conservation

We now have the data to prove the increased benefits of natural flood management and continue to install ‘leaky dams’, remeander rivers, plant riparian trees and dig scrapes, all of which also improve wetland / aquatic habitat for the creatures that dwell within.

Working collaboratively with catchment partners and species experts we continue to protect our ecosystem and key indicator species such as Atlantic Salmon, White-Clawed Crayfish and Freshwater Pearl Mussels. The nature reserve we established at one of the remediation sites is improving the fish habitat. The wetland scrapes and a calaminarian grassland nursery is further seeding the shift from spoil heap to regenerating biodiverse habitat throughout the catchment.

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

Our volunteers have collected 135 bags of rubbish, removed 1540 m[2] of Himalayan balsam and Giant hogweed. Manual management is slow and after 20 years we are not winning so we are now leading a co-ordinated strategic approach to tackle INNS on a regional basis, working with neighbouring River Trusts and other stakeholders through our Catchment Partnerships.

Our work in the catchment landscape requires careful planning, communication with land managers and employing heavy machinery. We have built up a network of trusted contractors who understand the sensitive nature of our work and have invested in appropriate kit such as low-profile vehicles to reduce disturbance of terrestrial habitat whilst restoring aquatic habitat or creating natural flood management. Our work not only seeks river habitat and water quality improvements but also the added benefits of carbon capture and biodiversity enhancement, building to a holistic and sustainable future catchment management plan. Collecting data to understand our impact and assess progress is an integral way of how we work. We utilise appropriate techniques from citizen science to expert analysis for both filed and lab-based methods. Representing our data geospatially is further essential to understanding connectivity throughout the catchment.

River and Catchment Restoration

Our dedicated Metal Minning Legacy Project Manager is now in post and tackling the spoil heaps and metal mining legacy issues.

Subsidies for farming are changing and farmers are reviewing their business plans. We continue to work closely with land owners and tenants to help them establish best practice containing river pollution from chemical and sediment runoff and reducing seepage from silos and muck containers.

Monitoring/Sundry Projects

Monitoring water quality is challenging to obtain accurate data. We continue to train our volunteer Citizen Scientists in techniques such as Riverfly (invertebrate variety and abundance to assess water quality) , chemical water quality assessment, MoRPh (assessment of river health and resilience according to physical structure) and fixed-point photography. As we reach our 20[th] year of river restoration these longterm data sets are proving particularly insightful and will make strategic and informed decisions about prioritising landscape-scale improvements possible.

Engagement and Education

Tyne Rivers Trust subscribes whole-heartedly to Sir David Attenborough’s ethos ‘No one will protect what they don’t care about; and no one will care about what they have never experienced.’ We apply this to everyone we meet and work with from politicians to primary school children, decision-makers of the now and the future. Our school’s programme is now in huge demand. We have a modular programme allowing schools to select sessions to cover topics such as lifecycles and food chains for aquatic species, the impact of climate change and plastics in our catchments, and how to enjoy our rivers safely.

We delivered practical sessions on natural flood management, ‘Salmon in the Classroom’ and invertebrate sampling to assess river health based on the national established Riverfly programme. This year Tyne Rivers Trust delivered 45 school sessions engaging 2415 children at 24 different schools. We also work with the local universities to support their courses but also to gain the data and evidence of impact that we need through co-designed Masters and PhD research topics.

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

____________

Wellbeing

Increasingly “blue spaces” are recognised as important for improving wellbeing, mental health and physical exercise. The Tyne Rivers are not just the preserve of the fishing community but also of walkers, paddleboarders, rowers and more besides and we are increasingly collaborating with organisations that promote river leisure activities to emphasize the importance their support in ensuring river health. We know that there are communities that face challenges in accessing blue spaces – many families and adults are either unaware of the benefits of blue spaces or do not have transport or money to access them. We are working with their local communities to try and overcome these barriers.

Catchment Based Approach (Collaborative Working)

The key to much of our work is promoting and driving a holistic catchment-based approach to mitigate climate change, positively impact at landscape-scale and sustain behavioural change at a business and supply-chain scale. Tyne Rivers Trust is affiliated to an umbrella organisation, The Rivers Trust, which acts as a point of liaison between over 60 Rivers Trusts, sharing information and best practice. Over the past 11 years we have and continue to actively support this through hosting the Tyne Catchment Partnership, facilitating 6 sub-Catchment Partnerships and bringing representatives together from Local & Statutory Agencies, land managers, the water company, environmental NGOs and relevant local stakeholders to agree and prioritise direction of work. Tyne Rivers Trust is a member of the River Restoration Centre, co-ordinates with Rivers Trusts across the Northumbrian River Basin and represents the North East Rivers Trusts on Water Resources North (WReN). The North East Catchments Hub, a joint enterprise with local Rivers Trusts co-ordinated by The Rivers Trust and Northumbrian Water Limited, has been initiated to work more effectively in partnership and to better deploy the use of catchmentbased natural solutions. Our Volunteer-Co-ordinator sponsors the Volunteering Community of Practice (CoP) and staff regularly contribute expertise to national events through Lunch and Learn Lectures and CoP discussions.

Financial Summary

Our work is predominantly funded thorough grant specific contracts with the various departments of DEFRA. We additionally have funding from Tyne Riparian Owners and Occupiers Association (TROOA) with a small amount from other grants, foundations and individual gifts. We are very grateful to all those who have generously funded our work (Table 3). A further source of funding is the enforcement undertakings imposed on polluters by the regulators.

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

____________

Table 3: Supporters

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Amazon Smile Northumberland Lottery
Baltic Flour Mills Northumberland Water Branch Out
Community Foundation Northumbrian Water
Co-op Local Community Fund Ovington Parish Council
Costain Ltd Redburn Innovation
Durham County Council Reece Foundation
Durham Wildlife Trust River Ecosystem Services
EGGER UK Ltd Rural Payments Agency
Environment Agency Sir James Knott Trust
Farmer Network South Tyneside Council
Garfield Weston Foundation St Philip Neri Catholic Primary School
Gatehead Council Steel Charitable Trust
Hexham Anglers Success4All
James Robson Brown Thames 21
Marine Management Organisation The Coal Authority
Members of the Tyne Riparian
Owners and Occupiers Association The Rivers Trust
National Heritage Lottery Fund Vet Direct Service
Newcastle University Woolsington Residents Association
Northumberland County Council
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Additionally the River Catchment Services Limited (RCS)(Table 4 4) is a wholly owned trading subsidiary. RCS allows our staff to deliver work outside the Tyne catchment and to deliver work within the Tyne catchment but outside TRT’s charitable objectives. RCS financial results of RCS are consolidated into these financial statements.

Table 4 RCS Directors
Chris Liddle,Chair TRT Trustee
Tim Elliot Chartered
Environmental
Surveyor
and
Chartered Environmentalist
Richard Kirk TRT Trustee

A constant issue for us is that many DEFRA contracts preclude full cost recovery and so they do not contribute to the core running costs of TRT. RCS profits are therefore vital to ensure we have sufficient core income to run the charity and fulfil charity commission governance guidelines.

When reviewing our activity it should be appreciated that for large projects we require contractors to undertake the work – utilising heavy machinery for example. Thus a large portion of the grant income we receive for these projects, which we project manage, is paid to external contractors. It is not practical for us to undertake the work ourselves given our resources and skill set and the seasonal nature work would mean staff and equipment would be idle for much of the time. This accounts in large part for our increase in external project costs in 2023 compared to 2022.

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

____________

We have also initiated a private sector engagement initiative led by Jonathan Brown, Partnership Development Adviser (one of our volunteers). This initiative will identify potential partners we can work with to our mutual advantage. As it involves developing long term relationships we do not expect any immediate results but anticipate it will bring increased recognition of the work TRT undertakes in enhancing the environment, mitigating climate change and providing volunteer roles and a better “blue” space for personal and corporate wellbeing.

Our 2023 year end finances are detailed on from page 17, however, to summarise:

Our restricted income, and hence expenditure, has increased significantly due to our additional staff allowing us to undertake more environmental projects in the catchment. Our unrestricted income is down compared with 12 months ago, but this is offset by a similar reduction in expenditure. Overall our total income exceeded expenditure.

Reserves Policy

At the end of the year our reserves are healthy and sufficient to ensure our cash flow is protected, and in the event that the charity ceases to trade we have at least 3 months liquidity to pay any creditors and redundancy payments due.

Future Plans

Our work is increasingly recognised for its crucial role of improving rivers, and we are actively growing our team to deliver practical work that directly contributes to climate change resilience, improved water quality and increased wellbeing for all within the catchment. Expansion of our team will continue to support our school educational and volunteer programs. It will also ensure the charity is more flexible and robust to fulfil contracts. In the short term however these posts will initially require funding through our reserves.

This coming year is our founding 20[th] anniversary and we will use this to promote the progress we have made in the catchment through our social media output and celebrate with our staff and partners at an event in the autumn. In addition we will take this opportunity to review our strategy, business plan, and reappraise our Board and Staff requirements to meet the challenges of the future.

Trustees’ Responsibilities in relation to the financial statements

The Trustees (who are also directors of the Charity for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including income and expenditure, of the charitable group for that period. In preparing those financial statements, the trustees are required to:

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TYNE RIVERS TRUST (a company limited by guarantee)

Trustees’ Report (continued) for the Year Ended 31[st] October 2023

____________

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination if the financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure to our auditors

In so far as the trustees are aware at the time of approving out trustees annual report:

This report was approved by the Trustees and signed on their behalf on 29 July 2024 by:

Prof Richard Kirk, Chairman

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TYNE RIVERS TRUST (a company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF TYNE RIVERS TRUST for the year ended 31 October 2023

OPINION

We have audited the financial statements of Tyne Rivers Trust (the charitable company) for the year ended 31st October 2023, which comprise the consolidated statement of financial activities, consolidated balance sheet and notes to the Financial Statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdon Generally Accepted Accounting Practice).

In our opinion, the financial statements:

BASIS FOR OPINION

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’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees’ use if the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based 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 charitable company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are 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 other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditors report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is material misstatement of this other information, we are required to report that fact.

We have nothing to repot in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

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TYNE RIVERS TRUST (a company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT (CONTINUED) TO THE MEMBERS OF TYNE RIVERS TRUST for the year ended 31 October 2023

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on pages 11 and 12, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

AUDITOR’ RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL 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 auditor’s report that includes our opinion. Reasonable assurance is 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, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances on non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

IDENTIFYING AND ASSESSING POTENTIAL RISKS RELATED TO IRREGULARITIES

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations we considered the following:

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TYNE RIVERS TRUST (a company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT (CONTINUED) TO THE MEMBERS OF TYNE RIVERS TRUST for the year ended 31 October 2023

As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud.

In common with all audits under ISA's (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that:

AUDIT RESPONSE TO RISKS IDENTIFIED

As a result of performing the above procedures, we identified the key matters related to the potential risk of fraud. Our procedures to respond to the risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Through these procedures, we did not become aware of any material misstatement or any actual or suspected noncompliance with laws and regulations impacting on the company.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the financial statements. The more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of any noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or 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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditors responsibilities.

This description forms part of our auditor's report.

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TYNE RIVERS TRUST (a company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT (CONTINUED) TO THE MEMBERS OF TYNE RIVERS TRUST for the year ended 31 October 2023

USE OF OUR REPORT

This report is made solely to the charitable company's members, 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 charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Dated: 29 July 2024

GERALD HENDERSON FCA (Senior Statutory Auditor) For and on behalf of COUNTING NORTH LIMITED Chartered Accountants and Statutory Auditor Salvus House Aykley Heads Durham DH1 5TS

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TYNE RIVERS TRUST (a company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(incorporating income and expenditure account) for the year ended 31 October 2023

Restricted
funds
2023
Unrestricted
funds
2023
Total
funds
2023
Note
£
£
£
INCOME RESOURCES
Incoming resources from generated funds:
Voluntary income
2
1,152,276
37,202
1,189,478
Activities for generating funds
3
1,621
40,470
42,091
Investment income
4
-
2,265
2,265
Other incoming resources
5
10,873
-
10,873
TOTAL INCOME RESOURCES
1,164,770
79,937
1,244,707
RESOURCES EXPENDED
Costs of generating funds:
Costs of generating voluntary income
7
-
753
753
Fundraising expenses and other costs
3
-
28,812
28,812
Charitable activities
8
1,144,361
17,783
1,162,144
Governance costs
11
-
15,206
15,206
TOTAL RESOURCES EXPENDED
1,144,361
62,554
1,206,915
NET INCOME/(EXPENDITURE) BEFORE
TRANSFERS
20,409
17,383
37,792
Transfers between Funds
21
-
-
-
NET MOVEMENT IN FUNDS FOR THE
YEAR
20,409
17,383
37,792
Total funds at 1 November 2022
334,681
157,391
492,072
TOTAL FUNDS AT 31 OCTOBER 2023
355,090
174,774
529,864		 Total
funds
2022
£
756,672
82,139
164
10,027
849,002
2,842
57,062
532,625
5,096
597,625
251,377
-
251,377
240,695
492,072

The notes on pages 21 to 32 form part of these financial statements.

17 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

Registered number: 05086888 CONSOLIDATED BALANCE SHEET as at 31 October 2023

Note
£
FIXED ASSETS
Intangible assets
14
Tangible assets
15
CURRENT ASSETS
Stocks
2,819
Debtors
18
180,026
Cash at bank and in hand
447,777
630,622
CREDITORS: amounts falling due
within one year
19
(108,673)
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS: amounts falling due
after one year
CHARITY FUNDS
Restricted funds
21
Unrestricted funds
21		 2023
£
-
8,132
8,132
521,949
530,081
(217)
529,864
355,090
174,774
529,864		 £
990
97,677
426,261
524,928
(40_,007_)		 2022
£
-
7,261
7,261
484,921
492,182
(110)
492,072
334,681
157,391
492,072

The financial statements were approved by the Trustees and signed on their behalf, on 29 July 2024 by:

Prof Richard Kirk, Chairman

David Bradshaw, Chairman of the Finance and Risk Committee

The notes on pages 21 to 32 form part of these financial statements.

18 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

STATEMENT OF CASH FLOWS AND CONSOLIDATED STATEMENT OF CASH FLOWS For the year ending 31 October 2023

___________

Note
Cash used in operating activities
24
Taxation
Net
cash
inflow
from
operating
activities
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Cash provided by (used in) investing
activities
Cash flows from financing activities
Repayment of borrowing
Cash used in financing activities
Increase/(decrease) in cash and cash
equivalents in the year
ash and cash equivalents at the beginning
of the year
Total cash and cash equivalents at the
end of the year		 Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£
25,650
220,047
19,336
200,372
107
(174)
-
-
25,757
219,873
19,336
200,372
2,265
164
2,265
164
(6,506)
(9,779)
(5,270)
(8,972)
(4,241)
(9,615)
(3,005)
(8,808)
-
-
-
-
-
-
-
-
21,516
210,258
16,331
191,564
426,261
216,003
386,882
195,318
447,777
426,261
403,213
386,882

The notes on pages 21 to 32 form part of these financial statements.

19 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

CHARITABLE COMPANY BALANCE SHEET as at 31 October 2023

Note
£
FIXED ASSETS
Intangible assets
14
Tangible assets
15
Investments
16
CURRENT ASSETS
Stock
2,819
Debtors
18
192,793
Cash at bank
403,213
598,825
CREDITORS: amounts falling due
within one year
19
(86,379)
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CHARITY FUNDS
Restricted funds
Unrestricted funds		 2023
£
-
6,987
1
6,988
512,446
519,434
355,090
164,344
519,434		 £
991
121,545
386,882
509,418
(34,456)		 2022
£
-
6,680
1
6,681
474,962
481,643
334,681
146,962
481,643

The financial statements were approved by the Trustees signed on their behalf on 29 July 2024 by:

Prof Richard Kirk, Chairman

David Bradshaw, Chairman of the Finance and Risk Committee

The notes on pages 21 to 32 form part of these financial statements.

20 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2023

1. ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Companies Act 2006. The financial statements are prepared in sterling which is the functional currency of the charity.

Tyne Rivers Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

1.2 BASIS OF CONSOLIDATION

The financial statements consolidate the accounts of Tyne Rivers Trust and its subsidiary undertakings ("subsidiaries"). The results of the subsidiaries are consolidated on a line by line basis.

The results of subsidiaries acquired during the year are included from the effective date of acquisition.

The charitable company has taken advantage of the exemption contained within 408 of the Companies Act 2006 not to present its own Income and Expenditure Account.

The Income and Expenditure Account for the year dealt with in the accounts of the charitable company was a surplus of £37,792 ( 2022 - £251,377 ).

1.3 TURNOVER

Turnover comprises revenue recognised by the charitable group in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

1.4 COMPANY STATUS

The charitable company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.

1.5 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charitable company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1.6 INCOMING RESOURCES

All incoming resources are included in the Statement of financial activities when the charitable company is legally entitled to the income and the amount can be quantified with reasonable accuracy.

21 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

1. ACCOUNTING POLICIES (continued)

1.6 INCOMING RESOURCES (cont.)

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charitable company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for time and services donated by volunteers.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of receipt.

1.7 RESOURCES EXPENDED

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributable to particular activities, they have been allocated on a basis consistent with the use of the resources.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charitable company. Governance costs are those incurred in connection with administration of the charitable company and compliance with constitutional and statutory requirements.

1.8 INTANGIBLE AND TANGIBLE FIXED ASSETS, AMORTISATION AND DEPRECIATION

Intangible and tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Intangible assets and office equipment

1.9 INVESTMENTS

Investments are stated at market value at the balance sheet date. The Statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

Investments in subsidiaries are valued at cost less provision for impairment.

1.10 TAXATION

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

1.11 PENSIONS AND OTHER POST RETIREMENT OBLIGATIONS

The company operates a defined contribution pension scheme and the pension charge represents the amount payable by the trust to the pension fund in respect of the year.

22 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

2. VOLUNTARY INCOME

Restricted
funds
2023
Unrestricted
funds
2023
£
£
Donations and Legacies
244,747
37,202
Grants
907,529
-

Voluntary income
1,152,276
37,202

3.
TRADING ACTIVITIES
Restricted
funds
2023
Unrestricted
funds
2023
£
£
FUNDRAISING AND TRADING
INCOME
Fundraising income
1,621
3,921
Subsidiary trading income - River
Catchment Services Limited
-
36,549
1,621
40,470
FUNDRAISING AND TRADING EXPENSES
River Catchment Services Limited
-
28,812
Net income from trading activities
1,621
11,658
4.
INVESTMENT INCOME
Restricted
Funds
2023
Unrestricted
funds
2023
£
£
Interest received
-
2,265		 Total
funds
2023
£
281,949
907,529

1,189,478

Total
funds
2023
£
5,542
36,549
42,091
28,812
13,279
Total
funds
2023
£
2,265		 Total
funds
2022
£
270,684
485,988
756,672
Total
funds
2022
£
7,636
74,503
82,139
57,062
25,077
Total
funds
2022
£
164

23 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

5. OTHER INCOMING RESOURCES

Restricted
funds
2023
Unrestricted
funds
2023
£
Other income
10,873
-
Other income
10,873
-		 Total
funds
2023
£
10,873
10,873		 Total
funds
2022
£
10,027
10,027

6. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Staff costs
2023
Depreciation
2023
Other costs
2023
£
£
£
Costs of generating
voluntary income
-
-
753
Fundraising expenses
-
674
28,138
COSTS OF GENERATING
FUNDS
-
674
28,891
Conservation
262,038
3,225
490,130
Education
141,098
1,736
263,917
CHARITABLE ACTIVITIES
403,136
4,961
754,047
GOVERNANCE
-
-
15,206
403,136
5,635
798,144

24 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

7. COSTS OF GENERATING VOLUNTARY INCOME

Restricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Retainer, commission and assistance - 753 753 2,842

8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES

Activities
undertaken
directly
2023
£
Conservation
686,177
Education
369,481

Total
1,055,658
 Support
costs
2023
Total
2023
£
£
69,216
755,393
37,270
406,751
106,486
1,162,144		 Total
2022
£
346,206
186,419
532,625

9. DIRECT COSTS

Conservation
Education
Total
2023
£
£
£
Consultancy fees
8,682
4,675
13,357
Insurance
245
132
377
Meeting/conference costs
4,458
2,401
6,859
Staff/volunteer expenses
4,382
2,359
6,741
Subscriptions, marketing and advertising
754
406
1,160
Office expenditure
230
124
354
Other costs
7
3
10
External project costs
437,012
235,315
672,327
Staff project costs
230,407
124,066
354,473
Amortisation
-
-
-
686,177
369,481
1,055,658		 Total
2022
£
42,516
-
4,330
3,379
3,133
1,075
-
108,626
275,619
4,316
442,994

25 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

10. SUPPORT COSTS

Conservation
Education
£
£
Consultancy fees
2,378
1,280
Insurance
9,096
4,898
Meeting/conference costs
2,905
1,564
Staff/volunteer expenses
707
381
Subscriptions, marketing and advertising
1,744
939
Office expenditure
11,543
6,215
Other costs
1,011
544
Computer costs
4,978
2,681
Staff costs
31,629
17,032
Depreciation
3,225
1,736
69,216
37,270		 Total
2023
£
3,658
13,994
4,469
1,088
2,683
17,758
1,555
7,659
48,661
4,961
106,486		 Total
2022
£
3,824
12,775
4,997
1,269
3,893
17,152
1,095
5,601
35,814
3,211
89,631

11. GOVERNANCE COSTS

Restricted
funds
2023
Unrestricted
funds
2023
£
£
Independent examiner fees
Audit fees
-
-
-
6,000
Accountancy fees for other
services
-
3.906
Other professional fees
-
5,300
-
15,206
ET INCOME/(EXPENDITURE)
is is stated after charging:
Depreciation of tangible fixed assets:
-owned by the charitable group
Amortisation of intangible assets
Audit fees
Independent examiner - fees for examination
Accountancy - fees for other services
Pension costs		 Total
funds
2023
£
-
6,000
3,906
5,300
15,206
2023
£
5,635
-
6,000
-
3,906
27,918		 Total
funds
2022
£
2,370
-
2,726
-
5,096
2022
£
4,014
4,316
-
2,370
2,726
22,534

12. NET INCOME/(EXPENDITURE)

This is stated after charging:

26 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

12. NET INCOME/(EXPENDITURE) continued

During the year no trustees received any remuneration, (2022 - £NIL).

During the year, no Trustees received any benefits in kind (2022 - £NIL).

During the year, Trustees received reimbursement of expenses totalling £NIL (2022 - £115).

13. STAFF COSTS

Staff costs were as follows:

TAFF COSTS
taff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2023
£
347,635
27,583
27,918
403,136		 2022
£
259,651
19,163
22,534
301,348

The average monthly number of full-time equivalent employees during the year was as follows:

Trust Director
Project Delivery
Finance
Administration
Communication		 2023
No.
1.0
7.3
0.6
0.6
0.4
9.9		 2022
No.
1.0
6.7
0.5
-
0.4
8.6

No employee received remuneration amounting to more than £60,000 in either year.

27 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

14. INTANGIBLE ASSETS

COST
At 1 November 2022
At 31 October 2023
AMORTISATION
At 1 November 2022
Amortisation for the year
At 31 October 2023
NET BOOK VALUE
At 31 October 2023
At 31 October 2022		 Group
Company
£
£
12,696
12,696
12,696
12,696
12,696
12,696
-
-
12,696
12,696
-
-
-
-		 Group
Company
£
£
12,696
12,696
12,696
12,696
12,696
12,696
-
-
12,696
12,696
-
-
-
-
12,696
12,696
-
12,696
-
-

The My Tyne App only became operational at the end of the financial year ended 31 October 2019, at which point amortisation was charged over three years.

15. TANGIBLE FIXED ASSETS

ANGIBLE FIXED ASSETS
Group Company
Office Office
equipment equipment
£ £
COST
At 1 November 2022 40,008 29,211
Additions 6,506 5,270
Disposals (6,187) (6,187)
At 31 October 2023 40,327 28,294
DEPRECIATION
At 1 November 2022 32,747 22,531
Charge for the year 5,635 4,963
Disposals (6,187) (6,187)
At 31 October 2023 32,195 21,307
NET BOOK VALUE
At 31 October 2023 8,132 6,987
At 31 October 2022 7,261 6,680

28 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

16. FIXED ASSET INVESTMENTS

Shares in
group
undertakings
£
CHARITABLE COMPANY
MARKET VALUE
At 1 November 2022 1
At 31 October 2023 1

The company holds a £1 investment in River Catchment Services Limited. Further details of the remaining subsidiary are given below.

17. SUBSIDIARY UNDERTAKING

Percentage
Company name Country Shareholding Description
River Catchment Services England & Wales 100% Provision of river management
Limited advice

The results and funds of River Catchment Services Limited for the year ended 31 October 2023 are as follows: -

PROFIT AND LOSS ACCOUNT

River Catchment Services Limited
Turnover
Direct and administrative expenses
Donation to Tyne Rivers Trust
Taxation
Operating Profit		 2023
£
66,165
(39,695)
(26,363)

-
107
 2022
£
100,901
(68,968)
(31,932)
-

1

29 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

17. SUBSIDIARY UNDERTAKINGS (continued)

ASSETS, LIABILITIES AND FUNDS

River Catchment Services Limited
Total assets
Total liabilities
Total		 2023
£
50,675
(40,245)
10,430		 2022
£
46,129
(35,699)

10,430

18. DEBTORS

Debtors
Amounts owed by group undertakings
Prepayments and accrued income		 GROUP
2023
2022
£
£
4,965
6,170
-
-
175,061
91,507
180,026
97,677		 CHARITABLE COMPANY CHARITABLE COMPANY CHARITABLE COMPANY
2023
£
4,965
-
175,061
180,026		 2023
£
-
17,732
175,061
192,793		 2022
£
-
30,038
91,507
121,545

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Creditors
Amounts owed to group undertakings
Social security and other taxes
Pension
Accruals and deferred income		 GROUP
2023
2022
£
£
83,702
23,252
-
-
11,910
10,719
3,909
2,974
9,152
3,062
108,673
40,007		 CHARITABLECOMPANY CHARITABLECOMPANY CHARITABLECOMPANY
2023
£
83,702
-
11,910
3,909
9,152
108,673		 2023
£
66,749
-
7,321
3,909
8,400
86,379		 2022
£
22,882
-
6,270
2,974
2,330
34,456

30 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

20. FINANCE LEASE OBLIGATIONS

Future minimum lease payments due under
finance leases:
Within one year
In two to five years		 2023
2023
2022
2022
Group
Charitable
Company
Group
Charitable
Company
£
£
£
£
18,021
11,730
10,697
5,943
14,473
6,842
3,470
-
32,494
18,572
14,167
5,943

21. STATEMENT OF FUNDS

UNRESTRICTED FUNDS
General Funds - all funds
RESTRICTED FUNDS
Monitoring/Sundry projects
Engagement/Education
Catchment Based Approach
River & Catchment Restoration
Wellbeing
Total funds		 Brought
forward
Incoming
resources
Resources
expended
Transfers
in/out
£
£
£
£
157,391
79,937
(62,554)
-

10,450
4,720
(14,908)
-
80,147
144,347
(158,491)
-
16,316
25.765
(21,330)
-
224,493
989,938
(947,831)
-
3,275
-
(1,801)
-

334,681
1,164,770
(1,144,361)
-

492,072
1,244,707
(1,206,915)
-		 Carried
forward
£
174,774
262
66,003
20,751
266,600
1,474
355,090
529,864

Unrestricted Funds

General Fund – the ‘free reserves’ after allowing for any designated reserves.

Restricted Funds

Engagement/Education – To support and deliver the modular school’s programme and various university courses,

Catchment Based Approach – Promoting and driving a holistic approach to tackling climate change, positive impact at the landscape-scale and sustained behavioural change at a business and supply-chain scale.

River & Catchment Restoration – Supporting the metal mining legacy and spoil heap issues.

Monitoring – Supporting the training of volunteers in monitoring water quality.

Wellbeing – Supporting the collaboration of organisations promoting river leisure activities to emphasize the importance of their support in ensuring river health.

31 | P a g e

TYNE RIVERS TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 October 2023

22. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted
funds
2023
Unrestricted
funds
2023
Total
funds
2023
£
£
£
Tangible fixed assets
-
8,132
8,132
Intangible fixed assets
-
-
-
Current assets
417,889
212,733
630,622
Creditors due within one year
(62,799)
(45,874)
(108,673)
Creditors due in more than one year
-
(217)
(217)
355,090
174,774
529,864		 Total
funds
2022
£
7,261
-
524,928
(40,007)
(110)

492,072

23. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £27,918 (2022 - £22,534). Contributions totalling £3,909 (2022 - £2,974) were payable to the fund at the balance sheet date.

24. Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Add back depreciation charge
Deduct interest income shown in investing
activities
Decrease/(increase) in stock
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash used in operating activities		 Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£
37,792
251,377
37,792
251,279
5,636
8,330
4,962
7,527
(2,265)
(164)
(2,265)
(164)
(1,829)
(25)
(1,829)
(25)
(82,349)
(18,182)
(71,248)
(49,767)
68,666
(21,289)
51,924
(8,478)
25,651
220,047
19,336
200,372

32 | P a g e