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2020-12-31-accounts

Company No: 05763380 Charity No: 1114682

SOUTH CUMBRIA RIVERS TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2020

SOUTH CUMBRIA RIVERS TRUST LIMITED

CONTENTS

Pages
Reference and administrative information 1
Report of the trustees 2-5
Independent examiner's report to the trustees 6
Statement of financial activities 7
Balance sheet 8-9
Statement of cash flows 10
Notes to the financial statements 11-24

SOUTH CUMBRIA RIVERS TRUST LIMITED

REFERENCE AND ADMINISTRATIVE INFORMATION

(Registered Company Number: 05763380) (Registered Charity Number: 1114682)

Trustees/Directors Lord Cavendish of Furness DL (President) RA Sweeting (Chairman) CH Bagot JA Barratt P Chamberlain J Cleaver D Devenish A Fell LJ Higgins DPR Knight (Treasurer) IH McMurdo Deceased B White Secretary D Devenish Registered Office South Cumbria Rivers Trust Limited The Refinery The Clock Tower Business Centre Low Wood Ulverston Cumbria LA12 8LY Independent Examiner Ian Clark FCCA MHA Moore and Smalley Chartered Accountants Kendal House Murley Moss Business Village Oxenholme Road Kendal Cumbria LA9 7RL

Page 1

SOUTH CUMBRIA RIVERS TRUST LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report and the financial statements of the Trust for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Trust.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Trust’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities applicable in the UK and Republic of Ireland published in October 2019.

Structure Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 30 March 2006 and registered as a charity on 15 June 2006. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

In the event of the winding up of the charitable company the liability of the members is not to exceed £10 each.

Trustees of the Charity

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end are detailed on page 1.

Recruitment and Appointment of the Management Committee

Under the Articles, the appointment of all members of the Management Committee must be approved at the next general meeting after their appointment. All members are eligible for re-election after serving a 3-year term. The Management Committee delegate much of the management of the trust affairs to an Executive Committee, who reports back on strategic matters. Pete Evoy was appointed Trust Director during the previous year and so has taken on a greater executive role. All Trustees are given an induction of the workings of the trust at the outset of their appointment.

Risk Management

The trustees have assessed the major risks to which the Trust is exposed, in particular those related to the operations and finances of the Trust and are satisfied that adequate systems are in place to mitigate any exposure to the major risks. A review of the risks was looked at during the period and adjustments made to policies and procedures where appropriate.

Objectives and Activities for Public Benefit

The principal objective of the Trust is to monitor, conserve and protect and, when necessary, rehabilitate and improve biodiversity of the lakes, rivers and streams of South Cumbria including the adjacent coastal waters for the public’s benefit. Also, to advance the education of the public, companies and public bodies in the understanding of lakes and rivers including their flora, fauna, socio-economic and amenity value and the management of the water together with the need for, and benefits of, conservation, protection, rehabilitation and improvement of the aquatic environment.

The Trustees have reviewed the activities carried out over the period and feel that all these contribute to the aims and objectives of the trust. Habitat restoration and improvement has been to the fore over the year. The trust has been present at several events to promote this and has also renewed the website and used social media to good effect.

Page 2

SOUTH CUMBRIA RIVERS TRUST LIMITED

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees confirm that they have referred to the general guidance on public benefit issued by the Charity Commission when reviewing and planning the Trust’s aims and objectives.

Volunteers continue to be an important part of the Trust’s work. The Trustees are all volunteers and give generously of their time in their fields of expertise. There are also a good number of other volunteers who will come and help with projects work. This includes collecting habitat information and practical work with projects, such as eradicating invasive species or river bank protection work. This serves not only to undertake important work for the Trust, but also to educate the community about the work of the trust and the need for habitat improvement.

Achievements, Performance, Financial Review and Future Proposals

2020 has been a very different and difficult year. The Covid-19 pandemic affected the operational work when the lockdown came into force. With the inability to deliver projects, this then was affecting the opportunity to draw down funds to carry out necessary work during the peak work months. All staff were put on furlough for a period until the situation became clearer. We also made one member of staff redundant. All staff also moved to home working and the office has been and continues to be under utilised. As a result, there was a reduction in staff costs, which were some £35,277 less than the previous year. We were also able to use the Government assistance packages as best we were able. The Executive Committee agreed to meet every week to monitor the position regularly and continue to do so.

Despite the problems, the Trust has recorded its highest turnover at £731,843. This has been due to some significant projects. The largest of these was the Heritage Lottery Fund project on Coniston and Crake, which was in its final stage and brought in £252,919 over the period. The National Flood Management programme also started to deliver its projects at High Borrans, Town View Field in Kendal and Reston Scar. We were also relieved that the River Restoration Strategy was reinvigorated this year and there are a few projects now in the pipeline under this scheme. This has been very useful source of work for the Trust for a few years and 2019 saw a significant drop, so we are pleased to see its restoration.

Other significant funding included the United Utilities Raw Water Quality project, with funding for a project officer confirmed commenced in September, initially for 2 years but will be extended to 4 years. Also the Water is Life Project was confirmed for septic tank phosphate removal pilots; the Coniston mines for investigations into copper remediation work and Eel funding via UU’s WINEP programme. Therefore from an uncertain start of the year the Trust had a very busy and productive year.

During the year, we sadly lost one of our Trustees, Ian McMurdo. He was a great champion of our Trust and a huge support and sounding board for all the staff over many differing projects over many years and his death is a very big loss to the Trust.

Page 3

SOUTH CUMBRIA RIVERS TRUST LIMITED

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

Reserves Policy

Free reserves represent the ‘working capital’ of the Trust available to support short and medium term objectives and to safeguard against unexpected decreases in income. The Charity Commission guidelines define free reserves as income, which becomes available to the Trust and is expended at the trustees’ discretion in furtherance of any of the Trust’s objects, but is not yet spent, committed or designated.

The trustees have examined the needs and challenges faced by the Trust, in both the short and medium term, along with relevant financial forecasts, and have formulated a policy to meet those needs. Free reserves are calculated as unrestricted funds less designated funds less tangible fixed assets. The Trustees have a policy to monitor free reserves, as well as funds available to the Trust to run the projects. The policy held by the charity ensures we have sufficient free reserves to run the charity for three to six months should the resources be expended. As at 31 December 2020, free reserves increased to £210,271 and so this well exceeds the parameters of the policy. The trustees take some comfort from this in light of the impact of the Covid-19 pandemic following the year end. The trustees will continue to monitor free reserves carefully and will avail themselves of the support that Government has pledged, when and if required, to operate with available cash reserves and bank facilities through this period of uncertainty.

Investment Policy

Under the Memorandum and Articles of Association, the Trust has the power to invest surplus funds where the trustees deem appropriate.

Page 4

SOUTH CUMBRIA RIVERS TRUST LIMITED

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees’ Responsibilities

The trustees (who are also directors of South Cumbria Rivers Trust Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report (including the Strategic Report) and the 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 of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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

By order of the Trustees

DPR Knight Treasurer

Date: 05/07/2021

Page 5

SOUTH CUMBRIA RIVERS TRUST LIMITED

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SOUTH CUMBRIA RIVERS TRUST LIMITED

I report to the Trust trustees on my examination of the accounts of the company for the year ended 31 December 2020 which are set out on pages 7 to 24.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

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

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

Ian Clark FCCA MHA Moore and Smalley Chartered Accountants Kendal House Murley Moss Business Village Oxenholme Road Kendal Cumbria Date: 13/07/2021

Page 6

SOUTH CUMBRIA RIVERS TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Income and endowments from:
Donations and legacies:
Donations
Charitable activities
Performance related grants
Sale of goods and services
Other trading activities
Government grants
Investments
3
Total income and endowments
Expenditure on:
Raising funds
Charitable activities
Total expenditure
4&5
Net income / (expenditure)
Transfers between funds
10&11
Net movement in funds
2
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10&11		 Unrestricted
Restricted
2020
2019
Funds
Funds
Total
Total
£
£
£
£
8,536
29,324
37,860
83,095
13,607
600,999
614,606
363,388
52,284
-
52,284
70,489
-
-
-
998
26,777
-
26,777
-
316
-
316
769
101,520
630,323
731,843
518,739
41
-
41
45
71,919
574,132
646,051
626,797
71,960
574,132
646,092
626,842
29,560
56,191
85,751
(108,103)
3,781
(3,781)
-
-
33,341
52,410
85,751
(108,103)
177,402
247,932
425,334
533,437
210,743
300,342
511,085
425,334

Page 7

SOUTH CUMBRIA RIVERS TRUST LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2020

Note
Fixed assets

Tangible assets
7
Current assets
Debtors
8
Cash at bank and in hand
Creditors– amounts falling due
within one year
9
Net current assets
Net assets
Funds of the charity
Unrestricted income funds
10
Restricted income funds
11
Total charity funds
18
£
170,946
487,646
658,592
(147,979)		 2020

£
£
472
105,146
391,114
496,260
(71,875)
510,613
511,085
210,743
300,342
511,085		 2019
£
949
424,385
425,334
177,402
247,932
425,334

Page 8

SOUTH CUMBRIA RIVERS TRUST LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2020

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

These accounts were approved by the directors and authorised for issue on …………… and are signed on their 05/07/2021 behalf by:

...................................... …………………………………………..

DPR Knight (Treasurer) RA Sweeting (Chairman)

Company Registration Number: 05763380

Charity Number: 1114682

Page 9

SOUTH CUMBRIA RIVERS TRUST LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2020

Reconciliation of net income / (expenditure) to net
cash flow from operating activities
Net income / (expenditure) for the year
Depreciation of tangible fixed assets
(Increase) in debtors
Increase/ (Decrease) in creditors
Net cash flow from operating activities
Cash flow from investing activities
Payments to acquire tangible fixed assets
Net cash flow from investing activities
Net increase/ (decrease) in cash and equivalents
Cash and cash equivalents at 1 January 2020
Cash and cash equivalents at 31 December 2020		 £
(667)		 2020
£
85,751
1,144
(65,800)
76,104
97,199
(667)
96,532
391,114
487,646		 £
-		 2019
£
(108,103)
3,441
(1,191)
(1,104)
(106,957)
-
(106,957)
498,071
391,114

Page 10

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting Policies

South Cumbria Rivers Trust Limited is a company limited by guarantee in England and Wales.

Basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

South Cumbria Rivers Trust Limited meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of interest paid or payable by the Bank.

Going concern

The rapid escalation in the Covid – 19 pandemic has created significant economic uncertainty, and with it an uncertainty over the future performance of the Trust. Information to inform expectations, together with the actions of Government, are changing daily. We are aware of the support that Government has pledged to the business community, to do everything they believe necessary. Where we are able, we will take advantage of the support available as and when required, ensuring that we continue to operate within our available cash reserves and bank facilities through this period of uncertainty in order to enable us to pay our debts as they fall due. In view of this, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for a period of at least 12 months from the date the accounts are approved. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 11

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting Policies ( continued )

Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. Any overspends are met by unrestricted funds.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Operating Leases

Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Equipment & computers

Straight line over 3 & 5 years

Stock

Stock of materials is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and accrued income

Debtors are recognised at the settlement amount due after any trade discounts allowed. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Cash at bank and in hand

Cast at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due

Pensions

The charitable company operates a defined contribution pension scheme and the pension charge represents the amount payable by the charity in respect of the year. The assets of the scheme are held separate from those of the charitable company in independently administered funds.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Page 12

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

2. Net Movement in Funds

The net movement in funds is attributable to the principal activities of the charity and is earned entirely within the United Kingdom.

Surplus is stated after charging:

plus is stated after charging:
2020 2019
£ £
Operating leases - property 14,170 14,340
Depreciation 1,144 3,441
Independent examiner’s fees 4,800 4,895

3. Investment income

vestment income
Bank and other interest
otal expenditure
Cost of raising funds
Expenditure on charitable activities
Cost of raising funds
Expenditure on charitable activities		 2020
£
316
Staff costs
Other costs
£
£
-
41
200,346
445,705		 2019
£
769
2020
£
41
646,051
200,346
445,746		 646,092
Staff costs
Other costs
£
£
-
45
235,623
391,174		 2019
£
45
626,797
235,623
391,219		 626,842

4. Total expenditure

Page 13

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

Other costs are made up as follows:
Project materials and costs
Fundraising costs
Direct costs
Advertising and leaflets
Premises costs
Motor expenses, travel and subsistence
Printing, postage and stationery
Telephone, internet and computer costs
Insurance
Legal and professional costs
Accountancy
Depreciation
Disallowed VAT
Miscellaneous expenses		 2020
£
382,166
41
-
1,250
21,827
5,820
897
6,779
2,293
6,340
4,800
1,144
5,320
7,069
445,746		 2019
£
319,755
45
40
2,050
20,702
10,398
594
6,117
2,868
7,835
4,895
3,441
5,213
7,266
391,219

Of the £646,092 expenditure in 2020 (2019: £626,842), £71,960 was charged to unrestricted funds (2019: £49,756) and £574,132 to restricted funds (2019: £577,086). Within the total expenditure are governance costs of £4,778 (2019: £5,003) which are now included within unrestricted expenses and comprise staff costs of £2,378 (2019: £2,556) and other costs of £2,400 (2019: £2,447).

Page 14

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

5. Analysis of support costs

Total expenditure includes all support costs which comprise:

NE/EA River Kent Restoration
Dubbs Beck
EA Eel Tidal Gates Underspend
EA Video
Windermere Reflections – RTS
River Kent SSSI Riparian Mgt
Catchment Base Approach
Restoring the Rivers
Esthwaite Catchment Improvement
Subsoil Management
Barrow fish counter validation
CAPF Windermere
Life IP
Eel Passes
Winster & Gilpin Habitat Improvements
CSFP Website
Rusland Pool 2
WEG Elterwater Restoration
WAMM Morecambe Bay
New Hall Farm FIP
Tesco Love My River
Project Management RRS 2020-21
Low Risk Barriers
Windermere Water is Life
Coniston Mines
NFM
HLF Phase 2
CFINNS
DEFRA WFD LAG
Goose Management
Kent Invasives
Windermere Invasive Species Group
Bela INNS
Cumbria Invasives Pathway
Duddon River Assoc WFD
FWPM		 Total
Total
Salary
Admin
2020
2019
£
£
£
£
6,361
4,371
10,732
22,099
-
-
-
196
-
-
-
8,694
-
-
-
591
14,849
10,205
25,054
23,574
-
-
-
20
18,905
12,993
31,898
33,685
-
-
-
203
1,074
739
1,813
4,569
-
-
-
31
786
540
1,326
3,296
438
301
739
-
-
-
-
6,695
6
4
10
265
2,288
1,572
3,860
13,265
-
-
-
263
54
37
91
697
2,214
1,522
3,736
3,403
3,534
2,429
5,963
1,961
68
46
114
399
775
533
1,308
117
4,607
3,166
7,773
-
1,810
1,244
3,054
-
503
346
849
-
533
366
899
-
2,920
2,006
4,926
15,460
53,163
36,538
89,701
103,137
4,662
3,204
7,866
11,311
-
-
-
92
-
-
-
194
1,657
1,138
2,795
1,620
206
142
348
352
342
235
577
-
157
-
157
892
-
-
-
81
81
56
137
803
121,993
83,733
205,726
257,965

Salary has been apportioned by hours spent on the various projects. The admin cost is also apportioned on the basis of hours worked by the trust staff.

Page 15

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

6. Directors and employees
Employee costs during the year:
Wages and salaries
Social security costs
Pension costs
The average number of employees during the year was as follows:
Full time
Part time		 2020
£
176,390
12,251
11,705

200,346

5
2
 2019
£
207,314
16,536
11,773


235,623
6
2

There were no employees receiving more than £60,000 in the year (2019 Nil).

The directors received no remuneration or reimbursement of expenses during the year from the company (2019 - £nil). The directors of the company are shown on page 1.

7. Tangible fixed assets

Cost
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Equipment
£
25,199
-
25,199
25,097
102
25,199
-
102		 Computer
Equipment
£
8,792
667
9,459
7,945
1,042
8,987
472
847		 Total
£
33,991
667
34,658
33,042
1,144
34,186
472
949

Page 16

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

8. Debtors
Trade debtors and accrued income
Other debtors
Prepayments


Accrued income relates to grant funding earned but not yet invoiced at the
year end.
9. Creditors : amounts falling due within one year
Trade creditors
Taxation and social security
Accruals
Deferred Income
Other creditors


Movements in deferred income are as follows:
Balance as at 1 January 2020
Amount deferred in year
Amount released to income earned from charitable activities

Balance as at 31 December 2020

10. Unrestricted funds
At 1 January 2020
Net incoming resources for the year
Transfer from restricted funds
At 31 December 2020


2020
£
167,390
1,506
2,050

170,946

2020
£
26,787
4,117
10,050
105,459
1,566

147,979

2020
£
41,000
70,459
(6,000)

105,459


 2019
£
100,485
3,246
1,415
105,146
2019
£
14,021
6,346
8,700
41,000
1,808
71,875
2019
£
45,000
-
(4,000)
41,000
Funds
Total
£
177,402
29,560
3,781
210,743

Page 17

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

11. Restricted funds

Experience the River
River Fly Partnership
NE/EA River Kent Restoration
Dubbs Beck
EA Video
Windermere Reflections – RTS
Kent SSSI Riparian Management
Catchment Base Approach
Restoring the Rivers
Esthwaite Catchment Improvement
Subsoil Management
Barrow Fish Counter Validation
CPAF Windermere
Eel Passes
FSCFCA
Winster & Gilpin Habitat Improv’mts
CSFP Website
Rusland Pool 2
WEG Elterwater Restoration
Bela Projects
WAMM Morecambe Bay
Outsider Consultancy RRS
New Hall Farm FIP
Tesco Love My River
Envirotech
RRS 2020-21 funding
Project Management RRS 2020-2
Low Risk Barriers
Windermere Water is Life
Coniston Mines
NFM
Coniston & Crake Catchment (CCCP)
HLF Phase 2
CFINNS
DEFRA WFD LAG
Goose Management
Kent Invasives
Windermere Invasive Species Group
NE Overwater Crassula
NE INNS Control
Bela INNS
Grasmere Invasives
Cumbria Pathways Invasives
Duddon River Association
DRA - Black Syke
FWPM		 Balance
01.01.20
Movement in resources
Incoming Outgoing
Transfers
Balance
31.12.20
£
£
£
£
£
9,260
-
-
-
9,260
607
-
-
-
607
22,595
8,000
(30,734)
139
-
5,590
-
-
-
5,590
2
-
-
(2)
-
26,340
-
(25,675)
-
665
(761)
30,000
-
-
29,239
38,714
20,000
(33,299)
-
25,415
-
-
-
571
571
10,122
-
(1,813)
-
8,309
762
-
-
-
762
4,643
-
(2,053)
-
2,590
1,398
-
(739)
-
659
235
-
(10)
3
228
593
-
-
-
593
6,114
25,213
(16,405)
-
14,922
2,461
-
-
(2,461)
-
965
-
(97)
-
868
(2,262)
4,930
(3,972)
-
(1,304)
1,052
-
-
-
1,052
-
34,797
(8,070)
-
26,727
21,323
-
(9,777)
-
11,546
-
4,586
(4,000)
-
586
-
4,883
(1,676)
-
3,207
-
3,626
-
-
3,626
-
100,000
(15,282)
(35,000)
49,718
-
-
(7,790)
34,861
27,071
-
4,496
(4,496)
-
-
-
849
(849)
-
-
-
1,228
(1,228)
-
-
9,512
122,448
(116,333)
-
15,627

13,472
5,000
-
-
18,472
20,645
252,919
(273,564)
-
-
10,927
6,748
(8,231)
(610)
8,834
1,026
-
(377)
-
649
57
-
-
-
57
17,577
100
(3,023)
-
14,654
4,276
400
(2,549)
-
2,127
2,560
-
-
-
2,560
4,224
-
(210)
-
4,014
2,253
-
(1,560)
(693)
-
294
-
-
-
294
631
-
(157)
(474)
-
2,200
100
-
-
2,300
8,247
-
-
-
8,247
278
-
(163)
(115)
-
247,932
630,323
(574,132)
(3,781)
300,342

Page 18

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

11. Restricted funds

Experience the River
River Fly Partnership
NE/EA River Kent Restoration
Defra Phase II
Dubbs Beck
EA Eel Tidal Gates
EA Video
Windermere Reflections – RTS
Kent SSSI Riparian Management
Catchment Base Approach
Restoring the Rivers
Esthwaite Catchment Improvement
Subsoil Management
Barrow Fish Counter Validation
CPAF Windermere
Life IP
Eel Passes
FSCFCA
Winster & Gilpin Habitat Improv’mts
CSFP Website
Rusland Pool 2
WEG Elterwater Restoration
Bela Projects
WAMM Morecambe Bay
Outsider Consultancy RRS
New Hall Farm FIP
Tesco Love My River
NFM
Coniston & Crake Catchment (CCCP)
HLF Phase 2
CFINNS
DEFRA WFD LAG
Goose Management
Kent Invasives
Windermere Invasive Species Group
NE Overwater Crassula
NE INNS Control
Upper Lune INNS
Bela INNS
Grasmere Invasives
Cumbria Pathways Invasives
Duddon River Association
DRA - Black Syke
FWPM		 Balance
01.01.19
Movement in resources
Incoming Outgoing
Transfers
Balance
31.12.19
£
£
£
£
£
9,260
-
-
-
9,260
704
-
(97)
-
607
119,307
-
(71,712)
(25,000)
22,595
20
-
-
(20)
-
5,803
-
(213)
-
5,590
8,958
-
(8,729)
(229)
-
573
-
(591)
20
2
54,155
-
(27,815)
-
26,340
12,818
15,000
(28,579)
(761)
40,731
20,000
(35,278)
13,261
38,714
774
-
(1,345)
571
-
2,372
15,000
(7,250)
-
10,122
792
-
(30)
-
762
9,792
-
(5,149)
-
4,643
9,618
-
(8,220)
-
1,398
22,604
21,733
(6,169)
(38,168)
-
-
500
(265)
-
235
1,213
-
(620)
-
593
5,401
57,359
(61,769)
5,123
6,114
2,885
-
(424)
-
2,461
4,223
-
(3,258)
-
965
-
1,690
(3,952)
-
(2,262)
-
1,290
(238)
-
1,052
-
2,203
(2,203)
-
-
-
-
(3,677)
25,000
21,323
-
414
(414)
-
-
-
117
(117)
-
-
500
84,204
(75,192)
-
9,512

13,372
100
-
-
13,472
-
202,540
(201,681)
19,786
20,645
20,015
2,600
(11,688)
-
10,927
1,585
-
(559)
-
1,026
250
-
(193)
-
57
19,070
1,015
(2,508)
-
17,577
2,398
2,700
(822)
-
4,276
2,560
-
-
-
2,560
4,224
-
-
-
4,224
56
-
(56)
-
-
481
2,487
(715)
-
2,253
447
-
(153)
-
294
3,998
-
(3,367)
-
631
2,597
630
(1,027)
-
2,200
8,338
-
(91)
-
8,247
2,962
(1,762)
(920)
(2)
278
394,856
429,820
(577,086)
342
247,932

Page 19

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

12. Statement of funds

Experience the River Develop the interest and understanding of our freshwater aquatic environment in school children.

River Fly Partnership Train volunteers to ID and survey aquatic invertebrates as an aid to
monitoring water quality.
NE/EA River Kent Restoration Establish river improvement works to improve the natural function of the
River Kent & Tributaries watercourses.
DEFRA Phase II To extend the assessment of privately owned barriers to migrating eel on
the Bela, Winster and Gilpin.
Dubbs Beck Improvement works in line with River Restoration proposals for the Kent
and/or FwPM benefits.
EA Eel Tidal Gates Tide gate improvements at undetermined sites.
EA Video Support publications/literature and the education of boating/angling
pressures.
Windermere Reflections – RTS Habitat improvements of Windermere’s shoreline.
Kent SSSI Riparian Management To improve the effects of diffuse rural pollution, specifically sediment
inputs, to the River Kent & Tribs SSSI through the use of soft engineering
bank repair techniques.
Catchment Base Approach Support for Catchment Hosting of the Kent/Leven RBD catchment and
joint hosting of the River Duddon (SW Lakes RBD catchment).
Restoring the Rivers Riverine habitat improvement works in the Windermere catchment.
Esthwaite Catchment Improvement Habitat improvement works in the littoral zone of the lake.
Subsoil Management Management of an agricultural asset to reduce soil compaction.
Barrow Fish Counter Validation Video imaging of fish migration to determine species split between salmon
and seatrout.
CPAF Windermere Restoration of Windermere’s reed beds and habitat improvement in Little
Langdale to improve habitat for FwPM.
Life IP A collaborative project with EU origin funding to help deliver and support
concrete actions in line with the aims of the NW River Basin District to
continue to improve the ecological status of water bodies.
Eel Passes A project to raise awareness amongst the public of the endangered
European eel and the improvements to eel passage work conducted by
South Cumbria Rivers Trust.

Page 20

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

12. Statement of funds (continued)

FSCFA Measures to improve fisheries within South Cumbria.
Winster & Gilpin Habitat To determine the current status of each watercourse in relation to its
Improvements ecology and habitat and where needs are identified, implement appropriate
restoration and remediation options to allow recovery.
CSFP Website To develop a website.
Rusland Pool 2 This is a habitat improvement project that is involved with the de culverting
of a watercourse within the Rusland Valley. This project is funded through
the Environment Agency’s Fisheries Improvement Fund.
WEG Elterwater Restoration This project aims to reconnect Great Langdale beck to the middle basin of
Elterwater. This will re-establish the natural course of the river and allow
the return of natural river processes in this restored area.
Bela Projects This is a project to assist the return of the river to a more natural function by
installing flow deflectors on a an over widened section. This intervention
aims to accelerate flows, deter vegetation of gravel banks and allow the
gravels to become available for salmonid spawning.
WAMM Morecambe Bay Wholesale Approach to Maritime Management (WAMM)
This is a pilot project to test collaboration between the Coastal Partnership
Network and the Catchment Based Approach Catchment Partnerships. The
pilot is based around Morecambe Bay and includes SCRT, Lune rivers trust,
Wyre rivers trust and the Morecambe Bay Partnership. Each partner is
working on its own individual project with plastics in the environment being
the binding theme.
Outsider Consultancy RRS This is not a project but a holding account for funds originating from 10-006
River Restoration Strategy to pay for contract work agreed by the EA.
New Hall Farm FIP This project is erecting 600 metres of stock fencing on a tributary of the
River Kent downstream of Staveley. This will prevent stock access into the
river and improve a silt/faecal contamination source. This is funded through
the Environment Agency’s Fisheries Improvement Fund.
Tesco Love My River Funding from Tesco’s “Bags for help” promo to aid engagement and
education of the public and connection with their rivers/water courses.
Envirotech Funds donated to SCRT specifically to support habitat improvement
projects.

Page 21

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

12. Statement of funds (continued)

RRS 2020-21 funding Environment Agency funding of the Cumbria River Restoration Strategy in
the 2020/21 financial year to be directed to agreed capital and contractor
costs.
Project Management RRS 2020- Environment Agency funding of the Cumbria River Restoration Strategy in
21 the 2020/21 financial year to be directed to SCRT project management time
and expenses.
Low Risk Barriers Environment Agency funded project to identify and remove small, redundant
weirs and barriers within the rivers and becks of south Cumbria.
Windermere Water is Life Environment Agency funded feasibility project to identify sites in the
Windermere catchment where reactive gravel pilot studies can be
conducted on septic tanks. Reactive gravels are a generic media with
phosphate absorbing properties used to reduce phosphate levels in septic
effluent to the water environment.
Coniston Mines Environment Agency funded feasibility study to identify and quantify copper
hotspots around the mines at Tilberthwaite and Greenburn. Alongside
monitoring, optioneering will be undertaken to identify possible solutions to
reduce and mitigate the metal contamination.
Natural Flood Management NFM is a DEFRA initiative that funds projects to store and slowly release
(NFM) flood water to help protect communities at risk of flooding. Natural Flood
Management additionally aims to mimic natural processes and provide
environmental benefits.
Coniston & Crake Catchment Habitat improvements and equipment and training support for volunteers.
(CCCP)
HLF Phase 2 To deliver a combination of habitat improvement and community
engagement projects through to June 2020.
CFINNS Cumbria wide strategic coordination of actions for invasive non- native
species.
DEFRA WFD LAG INNS control work/ awareness / equipment throughout Cumbria funded by
DEFRA.
Goose Management Control of invasive Canadian geese on Windermere’s islands.
Kent Invasives Support of invasive control in the Kent catchment.
Windermere Invasives Support of invasive control in the Windermere catchment.
Species Group
Survey the extent of Crassula helmsii and consider solutions for
NE Overwater Crassula control/eradication.
NE INNS Control Control work of INNS at Bleham Tarn, Esthwaite Water, Little Langdale
Tarn, Elterwater, Kent catchment. Awareness of INNS throughout Cumbria.
Upper Lune INNS Support of invasive control in the upper Lune catchment.

Page 22

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

12. Statement of funds (continued)

Bela INNS Support of invasive control in the Bela catchment. Grasmere Invasives Reserved project funds specifically for training, equipment and contractor costs for invasive species control within the Grasmere catchment. Cumbria Invasives Pathway Define and mitigate against the potential for invasive species being introduced to Cumbria. Duddon River Association Habitat improvements and equipment and training support for volunteers. DRA – Black Syke Habitat improvement projects for the Duddon. FWPM Restoring the Freshwater Pearl Mussel in the Kent and Windermere catchments.

13. Defined contributions

2020 2019
£ £
Contributions payable by the company for the year 11,705 11,773

14. Capital commitments

There were no capital commitments at 31 December 2020 or 31 December 2019.

15. Operating lease commitments

At the reporting date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Land and Buildings
Within one year
Between two and five years		 2020
2019
£
£
7,170
7,170
-
-
7,170
7,170

16. Contingent liabilities

There were no contingent liabilities at 31 December 2020 or 31 December 2019 other than a general obligation to repay grants where the agreed services are not ultimately provided.

17. Taxation

As a charity, South Cumbria Rivers Trust Limited is exempt from tax on income and gains falling within sections 472-474 of the Corporation Tax Act 2010, section 478-489 of the Corporation Tax Act 2010, or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

Page 23

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2020

18. Analysis of Net Assets Between Funds

Unrestricted Funds
Restricted Funds
Unrestricted Funds
Restricted Funds		 Fixed Assets
Net Current
Assets
Total 2020
£
£
£
472
210,271
210,743
-
300,342
300,342
472
510,613
511,085
Fixed Assets
Net Current
Assets
Total 2019
£
£
£
949
176,453
177,402
-
247,932
247,932
949
424,385
425,334

19. Related Parties

The Clock Tower Partnership is owned by Julius Barratt which in turn owns the Clock Tower Development from which the trust operates. Julius Barratt is also a trustee of South Cumbria Rivers Trust Limited. Rent of £14,170 (2019 - £14,340) was charged at market rate.

In the year no expenses were reimbursed to the trustees (2019 - £Nil).

20. Control

No single individual has had control of the company in the current or previous year.

Page 24