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 2024 1| Page TYNE RIVERS TRusf (a company limlted by guarantee) CONTENTS Admlnis Détall OfThè Ch Ourc Our Structure Governance And Man ment................................................................................... Constitution............................................................................................-............................................ Me hod of intment or election of Trustees.................................................................................. Or anisatlonal struclure and decision-makin elated arties........... .............. . ......... .............................................. .............................................. Chairf Our Staff & Volunteers........................................................................................................................ DelNerin our Mission ........................................................................ ...... .... . ................................. Fin mm Rese .10 Fu .10 .12 .16 .17 tem nt ..18 .19 .20 21 Page 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 SPE Chlef Executive Officer: Dr Ceri Gibson (Resigned 31 January 2025) Accountants: NE Accountancy Services Ltd, Salvus House, Aykley Heads, Durham DH15TS Auditors: Counting North, Salvus House, Aykley Heads, Durham DH15TS Bankers.. Barclays Bank PLC, Priestpopple, Hexham, Northumberland, NE46 1 PE Table l Trustees Richard Kirk Chair o Remnant Edward Twidd David Bradshaw Ste hen Hunne sett Christo her Liddle Thonias Richardson Kate Sim son James Wri ht Jonathan Brown Anne Marie Gardener John Hollin sworth Theia Batchelor Samantha Le Date A ointed 0110512020 1911212006 2011212012 2210112015 2010612019 2010612019 2010612019 2111112019 1610912021 0411212023 2610912024 2610912024 2610912024 0611012024 Date Resi ned 2110312025 3110512024 ett 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. The Tyne and its tributaries flow through the picturesque rural and 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 increasing frequency and impact of extreme weather events have highlighted the importance of our environment and how we choose to live within it. 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. We collaborate with people and communities to protect and enhan￿ the River Tyne and its tributaries, so they are healthy, biodiverse, and an asset for present and future generations. TYNE RIVERS TRUST (a company limited by guarantee) Trustees, Report for the Year Ended 31st October 2024 Charity Objectlves Our Vision.. That the rivers, bums and loughs of our Tyne catchment encourage a biodiverse environment for people and wildlrfe 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 collaborate with the communities along both the urban and rural river catchment of the Tyne and its tributaries to: Improve and sustain the water quality and health of the river for people and our wildlife. Ensure that the river and the river corridor are managed in the best interests of a healthy population of fauna and flora and encourage biodiversity of both wildlife and in-river species (fish and invertebrates). Ensure that the river can be promoted as a key regional asset in the development of tourism, and in the development of the regional rural and urban economy. We seek to understand better and quantify the economic impact of an improving river, and related opportunities for high value angling tourism, and rural businesses such as angling shops, restaurants and hotels. Engage local communities in the catchment through education and awareness projects. Provide sound scientific knowledge and a ￿ntral database to support the proper management of this essential regional asset, and function as a reference point for other bodies whose work involves them with various aspects of the river and the river corridor. Function as a resour￿ for statutory and non-statutory agencies to enable beneficial projects in and alongside the river to be conducted. Function as a resour￿ and a catalyst for the preparation of a Catchment Management Plan in line with the Catchment-Based Approach. Our Strategic Objectives As a result of our work the Tyne and its tributaries will be: healthier, more biodiver*, and better protected against future threats, better understood, appreciated and valued so that people and communities choose to look after them protected by people and communrties who are resourced and enabled to care for them looked after by volunteers who actively monitor and cary out work to protect and enhance them TYNE RIVERS TRUST (a company limited by guarantee) Trustees, Report (continued) for the Year Ended 31st October 2024 Structure, Governance And Management Constitution The Trust is registered as a company limited by guarantee in England and Wales under number 5086888 Ih and the charitable company is constituted under a Memorandum of Association dated 29 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. 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. The Chair is elected from the Trustees and serves for 3 years, extendable once. 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 Insuran￿ 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. 51 Page TYNE RIVERS TRUST (a company limited by guarantee) Trustees, Report (continued) for the Year Ended 31st October 2024 Chair's Review The Board The Board of Trustees are from a wide range of personal and professional backgrounds, but they all have a passion for the Tyne rivers and environment. ff able 1) The Board of Trustees are responsible for working with the CEO to set our strategy and ensure that the charity has the financial and staff reSoUr￿S it needs to meet its objectives. It delegates the day-to-day responsibilities of the charity to the leadership team which directs the staff team to deliver effective, regenerative and evidence-led improvements for our Tyne rivers by collaborating with local comrnunities and applying scientific knowledge and environmental skills. We are delighted that we have appointed a further 4 members to our Board who have complimentary skills to the longer standing members. We thank Kate Simpson for her work, especially in human resources over the last 5 years and wish her well. Anne Marie Gardener also has a strong background in human resources and we welcome her to the Board. The passion, expertise, and guidance of our Trustees helps us to achieve our goals and ensure a lasting impact. Our Trustees are the backbone of the Trust. They provide strategic direction, ensure good governance, financial oversight and champion our cause. Our Staff & Volunteers It has been our 20th Anniversary this year and much has been achieved by our staff (Table 2) and volunteers, delivering against our objectives. Over this 20 year period we have created wetlands, planted trees, removed non native species, redU￿d pollution from farming and legacy metal mines, removed barriers to fish migration and taught the next generation of children about the wonders and importance of our great rivers and tributaries. (Figure 1). Figure 1 1 20 Years- Our Achievements 3,OOOkm' 508 150 ta5kdays. t8niKY5tnd iar1joffl￿rs', ¥¢hapW￿l*ieIy . 4,400km 40,220 .5 hectare¢ 'bfwator*•y5 4)f1•eda￿l¢Tea[ed 192,040 6.7 tonnes . #r4iiyaD Bknsten 0fttwy￿Ia1& swppeofrorn nte.'In8the50￿th Tyr*s$r￿10￿. <¥kin%4*h4Ysth¥tiis b•rr*sTtyvY4K¢aToryfith 1.8km 11.2km . ¢fthf*tWkPliTrt0¢ted IroryberosiDn Ilktr•rhaWr￿ 5r8ie TYNE RIVERS TRUST (a company limited by guarantee) Trustees, Report (continued) for the Year Ended 31st October 2024 We celebrated with trustees, staff, volunteers, funders and friends at the iconic Baltic on the banks of the Tyne. Guests were piped in, appropriately using Northumbrian Small pipes played by Andrew and Nicola Davison and Andrew, as a founder of TRT gave the initial address. Further speeches were from Ceri Gibson (TRT CEO), Mark Lloyd (CEO of The Rivers Trust) and Richard Kirk (Chair TRT). Table 2- staff Dr Ceri Gibson Drjack Bloomer Kim Storey Yvette Martin Position CEO (Resigned 31 January 20251, Deputy CEO Finance Manager Protetted Species Project Manager Communications Officer Xerxes Setna Julie Lawrence Aidan Pollard Jenny Dowden Simone Saville Danielle Anderson-Hire Dr Maddy Fowler Claire Oliver Jamie Stewart Martin Colling Jo Wilks Carol Yesson Operations Manager Fisheries Manager Volunteer Co-ordinator & Fundraising Manager 'My Tyne, Project Off icer Farms Liaison Officer Urban Catchment Project Officer Engagement Support Officer Catchment Habitat Manager Tyne Mining Legacy Project Manager Business Administrator Volunteer Co-ordinator A new CEO has been appointed, Sophia Stovall, who will take up her post September 2025. 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 This year we identified three pillars on which to focus.. Engagement: Inspiring and Connecting People. During the year we taught 1400 children in 25 schools about the river and worked with 10 community groups. We also supported 5 university students in their projects. Ecology: Water (Quality) & Biodiversity. and we have worked with 21 farmers and landowners to reduce agricultural pollution entering the river. 37 wetlands have been created, 5.2 km of invasive plants managed, 5 km of Watercourses restored to their natural state and 30 m of riverbank protected from erosion. 5390 trees have been planted. Economy: Increasing Prosperity and Resilient Rlvers. Two Fish Passes have been created to allow the salmon and trout to move more freely up the river to spawn and assist the fishing industry. Two tonnes of heavy metals from legacy mining activities have been stopped from entering the South Tyne and thus reduced diffuse metal pollution in the river right through to the TYNE RIVERS TRUST (a company limited by guarantee) Trustees, Report (continued) for the Year Ended 31st October 2024 estuary. Our tree planting, wetland restoration all are part of our green engineering strategy to reduce flood risk. Much of this could not be achieved without our 200 volunteers giving 80 days of their time to assist us in our work and monitor the state of the river as citizen scientists River Catchment Service (RCS) The River Catchment Services Limrted (RCS) directors are listed in Table 3. RCS is the wholly owned trading subsidiary of Tyne Rivers Trust which acts as a commercial consultancy and generates profits that are donated across to the charity to support its charitable objectives. RCS does not employ any staff but makes use of the diverse skillset within TRT to deliver this work. RCS financial results are consolidated into these financial statements. This year it has contributed £62k towards our unrestricted funds ensuring we can continue our educational program and contributes to our overheads by bridging the gap caused by some projects falling short of full cost recovery. Our staff have now gained their licen￿ in protected species management and fish rescue which will allow us to undertake this work ourselves in the future. Funding from Northumbrian Water has enabled us to provide an Agricultural Advisor to train and support neighbouring Rivers Trusts staff. Table 3 RC5 Dlrectors Chris Liddle, Chair Tim Elliot RCS Chair & TRT Trustee Chartered Environmental Surveyor Chartered Environmentalist TRT Chair of Trustees and Richard Kirk Flnanclal Overview The finances we require to deliver our charitable objectives come from a variety of sources (Flgure 2), with different restrictions and funding arrangements some upfront, some phased and others in arears. In addition not all funding sources contribute to the essential costs of running the charity. Balancing these funding constraints, keeping the charity solvent, resilient, maximising our environmental good and building for the future is complex and challenging. We continue to have a positive cash balance sufficient to ensure we can deliver our projects and maintain our essential reserves. Flgure 2 How We Are Funded Government Funding 64% * Grant Funding 12% Corporate Funding 4% . TROOA 2% UKTrusts PA Other Il% TYNE RIVERS TRUST (a company limited by guarantee) Trustees, Report (continued) for the Year Ended 31st October 2024 We are very grateful to all the staff for continuing to secure funds for a wide variety of project delivery from research to river restoration and wellbeing to wildlife enhancement. We thank all our generous donors and partner organisations (Table 4). The greatest challenge for TRT, as in many charities. is sourcing sufficient non-restrictive funds to cover our overhead costs (principally salaries and transportation). Many governmental sources of funding do not contribute to our overheads and we continue to try and broaden our funding base to mitigate this risk. Now more than ever we are encouraged by the difference we are making and our programme of future work which includes increasing biodiversity, delivering climate resilience through natural flood management, soil health improvement and creating riparian habitats, alongside activity to improve community wellbeing through engagement, education and inclusion. Table 4: Supporters Coatsink Software Community Foundation Co-op Local Community Fund DEFRA D'oly Carte Charitable Trust Environment Agency Garfield Weston Foundation Minin8 Remediation Authority Montane Northumberland County Council Northumberland Lottery Northumbrian Water Ltd River Ecosystem Services Sir James Knott Trust South Tyneside Council Thames 21 The Angling Trust The John Swire 1989 Charitable Trust TROOA. ￿2 Heritage Fund Natural England *TROOA: The members of the Tyne Riparian Owners and Occupiers Association Reserves Policy At the end of the year our reserves were 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. Looking Ahead So what of the future for TRT? Well, the 'doing' side of our work still needs doing - removing pollutants, non-native species and obstructions to fish migration, protecting endangered species, creating wetlands and building natural flood barriers. Increasingly we have recognised the importance of education and encouraging access for all to our wonderful blue space for relaxation, recreation and wellbeing. We are sure that everyone will treat rivers with more respect when they appreciate how important rt is to nurture both them and the landscape they drain. TYNE RXVERS TRUST (a company limited by guarantee) Trustees, Report (continued) for the Year Ended 31st October 2024 We want to partner with other organisations to achieve this vision-those who use the rivers for recreation (canoe clubs, wild swimmers, for example for whom clean water is vital), those who need the water for their business and those who work with the disadvantaged of society - the disabled, deprived or those struggling with health, particularly mental health, issues for whom the restorative powers of seeing the river and being in natural blue spaces are very powerful. It has taken over half a century to redu￿ the pollution and remove or bypass the obstructions in the Tyne rivers to allow the wild salmon & migratory trout to return to the upper reaches to breed. It will take several centuries for the metal mine pollutants to leach out of the mudflats lining the tidal Tyne banks, our work in the south Tyne uplands merely prevents more pollutants running downstream to exacerbate the problem. Environmental actions take time - as a proverb with iterations across many ages and cultures state 'A society grows great when old men plant trees in whose shade they shall never sit., We endorse this sentiment - that the work we do today will benefit others tomorrow. So there is much more to do and we will continue to work hard to achieve a better river, better region & better life for all. Trustees, Responslbilitles In relation to the flnanclal 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: 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 UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis. 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 hen￿ taking reasonable steps for the prevention and detection of fraud and other irregularities. 101 Page TYNE RIVERS TRUST (a company limited by guarantee) Trustees, Report (continued) for the Year Ended 31st October 2024 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 goveming the preparation and dissemination if the financial statements may differ from legislation in otherjurisdictions. Statement as to disclosure to our auditors In so far as the trustees are aware at the time of approving out trustees annual report: There is no relevant information, being information n￿ded by the auditor in connection with preparing their report, of which the group's auditor is unaware, and The trustees, having made enquiries of fellow directors and the group's auditor that they ought to have individually taken, have each taken all steps that helshe is obliged to take as a director in order to make themselves aware of any reSevant audit information and to establish that the auditor is aware of the information. This report was approved by the Trustees and signed on their behatf on 11 June 2025 by: Prof Richard Kirk, Chairnian 11 I Page TYNE RIVERS TRUST (a Company Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TYNE RIVERS TRUST for the year ended 31 October 2024 OPINION We have audlted the financial statements of Tyne Rivers Trust (the charitable company) for the year ended 31st October 2024, which comprise the consolidated ststement of financial activities. consolidated balance sheet and notes to the Financial Statements, including significant accounting policles. The finandal reporting framework that has been applled In their preparatlon is applicable law and Uniled 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 oplnk)n, the financial statements: glve a true and falr vlew of the State of the charftsble company'8 affalr8 a8 at 31•1 October 2024 and of It8 incorning resources and appltation of resources for the year then ended,. have been properly prepared in accordance wlth Unlted Kingdon Generally Accepted Accounting Practlca; and have been prepared in accordan¢8 wlth the requlrements of the Companle8 Act 2008. BA818 FOR OPINION Wa conducted our audlt In accord8nc• wlth International Standards on Auditing (UK) (ISAS (UK)) 8nd appllcable law. Our responsibllitle8 under th086 8tsnd8rds are further described in the Auditor8 responslblllties forthe audtt of the fin8nci81 statements 8ectlon of our report. We are independent of the charltable company in accordance wlth the ethlcal requlrements that are relevant to our audit of the financial 8tatements in the UK, Including the FRC'S Ethlcal Standard, and we have fulfilled our other ethical respon8ibiliti88 Sn accordance wlth the8e requirements. balleve that the audlt •vldence wa have obtalned 18 8ufficlont and approprlate to provlde a ba818 for our opinlon. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financlal statements, we have concluded that the trustee8' Use if the going concern ba818 of accounting in the preparatSon of Ihè flnanclal 8tatement8 18 appropriate. Based on the work we have performed, we have not idantified any materfal uncertalntle8 relatSng to events or conditlon8 that, individually or collectlvely, may cast significant doubt on tha charitable company'8 ability to continue a8 a golng concern for 8 period of at least 12 months from when the financlal ststement8 are aulhorlsed for i88Ue. Our responsibilitles and the re8pon81bllltles of the tru8t888 With re8pect to golng concern are de8crlbed In the relevant 8aCtions of thls reporL OTHER INFORMATION The other information comprise8 the Infomiation included in the annual report. including the trustee8' report, other than the financial Statements and our auditor8 report thereon. The trustees are respon8ible for the other infomiation contained within the annual report. Our oplnlon on the financlal statements does not cover the other Infonnation and, except to the extent otherwlse expltcltly stated In our report, we do not express any fomi of a8$urance conclusion thereon. Our re8pon81blllty 18 to read the other Infomation and, In doing so, con8ider whether the Inforniatlon Is materlally inconsistent with the financlal statements or our knowledge obtained in Ihe course of the audlt, or otheThvlse appear8 to be materially misstated. If we identlfy such material inconsistencies or apparént material misstatements, we are required to detsrmine 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 thls other Infonnatlon, we are required to report that fact. We have nothing to ropot Sn this regard. OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIESACT 2006 In our opinion, based on the work undertaken in the course of the audit,. the inforniation given in the Irustees, report. which includes the directors, report prepared for the purposes of company law, for the financial year for whrch the financial statements are PrePa￿d is consistent with the financlal statements; and 121 Page TYNE RIVERS TRUST (a company Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF TYNE RIVERS TRUST for the year ended 31 October 2024 the d￿eCtOrS, report induded within the trustees. rewt has been prepared in accordance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of the knowledge and understandiTrJ of the cornpany and its environment obtained In th8 course of the audit, we have not identffied material misstatements in the directors, report included within the trustees. ￿port. We have nothing to report in respect of followlng matters in relatlon lo which the Companies Act 2008 require US to report to you rf, in our opinion: adequate and proper accounting records have not been W or retum8 adequate for our audlt hava nol been receNed from branche8 not visited by u8: or the financl818tatements are not in agreement wlth the accounting records or relums; or certain di8do8ure8 of trustee8' r￿nUneratIOn 8pecified by lthy are not madg; or we have not rKolved all the infomation and explanation8 we require for our audit, RESPONSIBILMES OF TRUSTEES As explained more fully in the trustees, re8ponslbllftles statement set out on pages 10 and 11, the tfUStee8 (who ar• al80 the dlrectors of the charitable company for the purposes of company law) ara responsible for the preparation of the financlal 8tatements and for boing satisfied that Ihey give a true and fair view. and for such intemal control as the trustees detemiine 18 necessary to enable the preparation of financlal Ststements that are free from materlal misststement, whether due to fraud or error. In preparln9 the financial statements, the truslees are re8pMslblo for a98essing tho company's abllity to continu• a8 a going concern, dlsclosing, a8 applicable. matters related to golng concern and uslng the golng concem basls of accounting unless the trustees either Intend to liquidate the cornpany or to cease operations, or have no realistic allematlve but to do so. AUDITOR. RESPONSIBILITIES FOR THE AUDrr OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about vknether tha financial statement8 as a whole are free from materfal misststemen( wheiher duo to fraud or em)r. and to i&8ue an auditorfs re￿rt that includeg our opinlon. Reasonable assurance is high level of assurance. but Is not 8 guarantee that an audlt conducted in accord8nce wlth ISAS {UK) will always detect a Matsr￿1 misstatement when it exists. Mi88tatements can arise from fraud or error and 8re c¢n8idered material rf. individually or in the aggregate. they could reasonably be expected to influence the ecorKMnlc d8cknbns of uaers taken cm the basls of Ihese financlal statements. Irregularities, induding fraud, are instances on non¢ornpliance with l¥ws and regulations. We design procedures in line with our responsibilitie8, Outlined above, to detect material mlsstatem6nts in re8PaCt of irregularsties. including fraud. The extent to which our prttedures are capable of detecting irregularities. including fraud is detailed below: IDEKnFYING AND ASSESSING POTENTIAL RISKS RELATED TO IRREGULARITIES In identfying and assessing risks of material misstatement in respect of irregularities. Includlng frawl and noncompliance with laws and regulations we considered the following: the nature of the industy and 8ector, control envwonmenl and t)usiness perfomiance. managemenfs cr•m a&8esrnt of the flgks that Irregularftles may occur eIt￿r 89 re8uIt of fraud or error. results of our enquiries of management about their identification and a888S8ment of the rlsks of irregularities. the matter8 discussed among the aurfit engagwnent t&qm regarding how and where fraud might occur in the financial statements and any potential Indlcatorg of fraud. 131 Page TYNE RIVERS TRusf (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF TYNE RIVERS TRUST for the year ended 31 Ortober 2024 As a result of these procedures. we considered the opp￿InitIeS and incentives that may exist wilhin the company for fraud. In cornmon wlth all audits under ISA'S (UK). we are akn required to perforni speafic procedures to respond to the risk of management overrtde. We also obtained an underslanding of the Tegal and regulatory frarne￿ that the company operates in, focusing on provisions of those laws and regulations Ihat: have a direct effect on the detemiination of rnaterial amounts and disclosures in the financial statemen do nol have a direct effect on the fmarKial statwrMts Ixrt conyliance with which may be fundamentsl to the ¢￿panY'S ability to operate or lo avoid a material penalty. AUDIT RESPONSE TO RISKS IDENTIFIED As a result of performing the above procedures. we identif￿d the key matters related 10 the potsntial risk of fraud. Our procedures to respond to the risks Identi￿ included the foll￿VIng. reviewing the financial slatements disclosures and testing to supporting documenLgtton to assess compliance with provisions of ￿levant Lqws &id regulations described as having a direct effect on the financHI statements. enquiring ol management concwning actual and polentsl libgation and daims. challenging managewent on key estimates. assumptions and judgements made in the preparation of the financwl stat￿nts. perfomiing 8ubstantNe procedures to verify the validty of transactions included in the financial statements. porforming anatyI￿aI procedures to identify any unusual or ur￿e￿ed relattonships that may indicale risks of malerial missiatement due kn fraud. in addressing the r￿k of fraud thrwh managemenl overTide of controls. testing the appropriateness of ioumal entries and other adjuslments, a&8essing whetherjudgements made in making accounting estimates are indicaiive of a potential bias; and evaluating the business rationale of any signif￿ant transactions that are unusual or outside the nomial course of business. We also communicated relevant identified laws and regulations and potential fraud rtsks to all ervJagement team membern and remained alert to any indicaliorts of fraud tx nonr other servlces Penslon costs 6,852 6,600 3,885 34.730 5,635 6.000 3,906 27.918 251Page TYNE RIVERS TRusf (a company lirnlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (contlnued) for the year ended 31 October 2024 12. NEf INCOME/(EXPEfiDrnIRe) contlnu•d Durfng the year no trustees re￿IVed any remuneratlon, (2023 - £NIL}. Durlng the year, no Trustees recelved any beneflts In klnd (2023 - £NIL). Durlng the year, one trustee recelved relmbursement of expenses totalllng £283.10 (2023 - £NIL). 13. STAFF cosrs Staff costs We￿ as follows: 2024 2023 Wages and salarles Soclal securlty costs Other penslon costs 448,856 37.244 34,730 347,633 27,583 27,918 520,830 403,134 The average monthly number of full-tlme equlvalent employees durtng the year was as follows.. 2024 No. 2023 Trust Dlrector Project Dellvery Flnance Admlnlstratlon Communlcatlon 12.5 No employee recelved remuneratlon amountlng to more than £60,000 In elther year. 261Page TYNE RIVERS TRusf (a company limited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS (contlnued) for the year ended 31 October 2024 14. ZNTANGIBLE ASSErs Group Company cosr At l November 2023 Dlsposals 12,696 {12,696) 12,696 (12,696) At 31 October 2024 AMORTISATION At l November 2023 Amortlsatlon for the year Dlsposals 12,696 12,696 (12,696) (12,696) At 31 October 2024 NEf BOOK VALUE At 31 October 2024 At 31 October 2023 The My Tyne APP only became operatlonal at the end of the finandal year ended 31 October 2019, at whlth polnt amortlsatlon was charged over three years. 15. TANGZBLE FIXED ASSErs Group Offlce equlpment Company Office •qulpment COST At l November 2023 Addltlons Dlsposals 40,327 3,754 (14,630) 28,294 3,605 (10,677) At 31 October 2024 29,451 21,222 DEpREcIA￿oN At l November 2023 Charge for the year Olsposals 32,195 6,852 (14,379) 21,307 6,244 (10,677) At 31 October 2023 24,668 16,874 NEf BOOK VALUE At 31 October 2024 4,783 4,348 At 31 October 2023 8,132 6,987 271Page TYNE RIVERS TRUST (a company Ilmlted by guarantse) NOTES TO THE FINANCIAL sfATEMENTS (continued) for the year ended 31 October 2024 16. FIXED ASSEf INVEsfMENTS Shares In group undertaklngs CHARrrABLE COMPANY MARKET VALUE At l November 2023 At 31 Ortober 2024 The company holds a £1 Investment In Rlver Catthment Servlces Umlted. Further detalls of the remainlng subsldlary are glven below. 17. SUBSIDIARY UNDERTAKING Percentage Shareholdlng Descrlptlon Company name Country Rlver Catchment serv1￿$ Llmlted England & Wales loo• Provlslon of rfver management advlce The results and fvnds of Rlver Catchment Servlces Llmlted for the year ended 31 October 2024 are as follows: PROFrr AND LOSS ACCOUP 2024 2023 Rlver Catchment Servlce8 Umlted Turnover Dlrett and admlnlstratlve expenses Donath)n to Tyne Rlvers Trust Taxatlon Proflt on dlsposal of tlxed assets 111,705 (49,838) (62,099) 109 123 66.165 (39,695) (26,363) (107) Proflt 281Page TYNE IUVERS TRusf (a company llmited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS (continued) for the year ended 31 October 2024 17. SUBSIDIARY UNDERTAKINGS (contlnued) ASSETS, LIABILITIES AND FUNDS 2024 2023 Rlver Catchment Servlc48 Umlt•d Total assets Total IlabSlltles 85,511 (75,081) 50,675 {40,245) Total 10,430 10,430 18. DEBTORS GROUP 2024 CHARrrABLE COMPANY 2024 2023 2023 Debtors Amounts owed by group undertaklngs Prepayments and accrued Incorne 19,890 4.965 62,039 250,609 17,732 175,061 250,609 175,061 270,499 180,026 312,648 192,793 19. CREDrroRS: AMOUNTS FALUNG DUE WrnIXN ONE YEAR GROUP 2024 CHARrrABLE COMPANY 2024 2023 2023 Credltors Amounts owed to group undertaklngs Soclal securlty and other tsxes Penslon Accruals and deferred Income 42,486 83,702 41,486 66,749 21,587 4,818 10,485 11,910 3.909 9,152 10,420 4,818 9,720 7,321 3,909 8,400 79,376 108,673 66,444 86,379 291Page TYNE RIVERS TRUST (a company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (contlnued) for the year ended 31 October 2024 20. FINANCE LEASE OBLIGAnONS 2024 2024 Charltable Company 2023 2023 Charltable Company Group Group Future mlnlmum lease payments due under flnance leases.. Wlthln one year In two to flve years 11,399 6,842 18,021 11,730 14,473 6,842 32,494 18,572 21. STATEMENT OF FUNDS Brought Incomlng Resources forward raource• oxponded Transfer• In/out Carrled forward UNRESTrICTED PUNDS General Funds - all funds 174,774 97,193 {78,338) 193,629 Re¥r￿crED FUNDS Monltorlng/Sundry projects EngagemenVEducatlon Catchment Based Approach Rlver & Catchment Restoratlon Specles Recovery Wellbelng 262 66,003 20,751 266,600 23,326 51,515 39.490 668,317 281,504 (15,188) (80,089) {49,787) (708,049) (281,504) (1,338) 8,400 37,429 10,454 226,868 1,474 136 355,090 1,064,152 {1,135,955) 283,287 Total funds 529,864 1,161,345 {1,214,293) 476,916 Unrestrlcted Fund8 General Fund - the 'free reserves, after allowlng for any deslgnated reserves. Restrlcted Funds Engagement/Educatlon - To support and dellver the modular school's programme and varlous unlverslty courses, Catchmont Based Approach - Promotfng and drlvlng a hollstlc approach to tackllng cllmate change, posltlve Impact at the landscape-scale and sustalned behavloural change at a buslness and supply-chaln scale. River & Catchment Restoratlon - Supportlng the rnetal mlnlng legacy and spoll heap Issues. Monltorlng - Supportlng the tralnlng of volunteers In monltorlng water quallty. Specles Recovery - Ensure the rtver and Its corrldor are managed in the best interests of a healthy population of rare and protected specles Includlng Atlantlc salmon, trout, freshwater pearl mussel and white clawed crayfish. 30IPage TYNE IUVERS TRusf (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMEpifs (continued) for the year ended 31 October 2024 Wellbelng - Supporting the collaboration of organlsatlons promotlng rlver leIsU￿ actlvltles to emphasize the importance of thelr support in ensuring river health. 22. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Restrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Tanglble fixed assets Intangible fixed assets Current assets Credltors due wSthln one year Provlslons for Ilabllltles and charges 4,783 4,783 8,132 323,482 (40,195) 228,136 (39,181) (109) 551,618 (79,376) (109) 630,622 (108,673) (217) 283.287 193.629 476,916 529,864 23. PENSION COMMm4EKrs The company operates a deflned contributlons penslon scheme. The assets of the scheme are hekl separately from those of the company In an Independently admlntstered fund. The penslon cost charge represents contrlbutlons payable by the company to the fvnd and amounted to £34,730 (2023 - £27,918). Contrlbutlons totalling £4,818 (2023 - £3,909) were payable to the fund at the balan￿ sheet date. 24. Recondllatlon of net movement In funds to net cash flow from operatlng actfvltles Group 2024 Group 2023 Company 2024 Company 2023 Net movement In funds (52,948) 6.852 37.792 5.636 (52.948) 6,244 37,792 4,962 Add back depredatlon charge Dedurt Interest Income shown In Investlng actlvltles (4,666) 1,765 (90,473) (29,296) (2,265) {1,829) (82,349) 68.665 (4,666) 1,765 (119,855) (19,934) (2,265) (1,829) (71,248) 51,924 Decrease/llncrease) In stock Decreasel(Increase) In debtors Increase/(decrease) In creditors Net cash used In operatlng actlvltles (168,766) 25,650 (189.394) 19,336 311Page