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2021-12-31-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 2021

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 11-25

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) B White (resigned 27 April 2021) N Wilkinson (appointed 27 April 2021)

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 Jenny McCabe FCA 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 2021

The Trustees present their report and the financial statements of the Trust for the year ended 31 December 2021. 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. Since the Covid pandemic, the Executive Committee have been meeting on-line on a weekly basis and have found this is a good way of disseminating information and also making quick decisions. This has been a positive benefit for the both the employed staff and the Executive Committee. 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 2021

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

2021 was another busy one for the Trust and we saw some changes in all areas. Some projects have come to an end and this year also saw some of the new project work, which we began to acquire from last year start to come to fruition. We also saw changes in the structure of the staff and with this the strengthening of our capabilities.

The HLF project for the Coniston and Crake area finished this year after three very constructive years. A lot of essential habitat improvement work was carried out either in the form of tree planting, fencing off of waterways or even small weir removals. The community is now much more aware and focussed on the issues the area faces to the importance of the aquatic environment and so the legacy this project leaves should last for many years. The Trust also received funding through grants throughout the whole catchment from DEFRA, through the Environment Agency or Natural England and the partnership working through these organisations works extremely well for both parties.

Trading income has increased this year mainly through our working with United Utilities plc and their Raw Water project, the objectives of which fall directly within our own.

With the new projects coming on stream, the staff structure has been reviewed. With one member of staff on maternity for the majority of the year and with the level of project work increasing the Trust has taken on two new members of staff to assist with this work in the latter part of the year. This has given the Trust more strength to do additional work and also start to look at new areas of activity. The management has also been re-structured and given existing staff new responsibilities.

Total income was down from last year, but at £487,138 for the year this is still substantial for an tightly staffed charity and the decline is mainly due to the loss of HLF project. Within this the trading aspect has shown an increase and other areas of activity are beginning to come through, which are likely to be fully evident in 2022. There was a substantial legacy received this year and so the unrestricted funds have seen a welcome boost. Total grant funding received this year was down to £318,795, and retained restricted funds were utilised for projects, resulting in a decline in the held restricted funds. As a result there was a slight overall deficit in the accounts of £9,240.

Page 3

SOUTH CUMBRIA RIVERS TRUST LIMITED

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

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 2021, free reserves increased to £293,952 and so this well exceeds the parameters of the policy.

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 2021

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: 28/04/2022

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 25.

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 ICAEW, 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.

Jenny McCabe FCA MHA Moore and Smalley Chartered Accountants Kendal House Murley Moss Business Village Oxenholme Road Kendal Cumbria

Date: 10/05/2022

Page 6

SOUTH CUMBRIA RIVERS TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)

FOR THE YEAR ENDED 31 DECEMBER 2021

Income from:
Donations and legacies
Charitable Activites
Performance related grants
Sales of goods and services
Other trading activities
Government grants
Investments
3
Total
Expenditure on:
Raising funds
Charitable activities
Total
4
Net surplus or (deficit) before
transfers
2
Transfer between funds		 Unrestricted
Restricted
Total
Total
funds
funds
funds 2021
funds 2020
£
£
£
£
69,495
13,391
82,886
37,860
1,729
317,066
318,795
614,606
77,095
10,613
87,708
52,284
-
-
-
-
(2,302)
-
(2,302)
26,777
51
-
51
316
146,068
341,070
487,138
731,843
-
-
-
41
74,427
421,951
496,378
646,051
74,427
421,951
496,378
646,092
71,641
(80,881)
(9,240)
85,751
11,795
(11,795)
-
-
Net movement in funds
Reconciliation of funds:		 83,436
(92,676)
(9,240)
85,751
Total funds brought forward 210,743
300,342
511,085
425,334
Total funds carried forward
18
294,179
207,666
501,845
511,085

Page 7

SOUTH CUMBRIA RIVERS TRUST LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2021

Fixed Assets
Tangible assets
7
Current assets
Debtors
8		 £
£
£
£
227
472
143,731
170,946
2021
2020		 £
£
£
£
227
472
143,731
170,946
2021
2020
Cash at bank and in hand 614,519 487,646
Creditors:amounts falling due within
one year
9
Net current assets
Net assets
Funds:
Unrestricted funds
10
Restricted funds
11
Total funds
18		 658,592
(147,979)
501,618
510,613
501,845
511,085
294,179
210,743
207,666
300,342
501,845
511,085
758,250
(256,632)

Page 8

SOUTH CUMBRIA RIVERS TRUST LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2021

For the year ending 31 December 2021 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.

05/05/2022

These accounts were approved by the directors and authorised for issue on …………… and are signed on their 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 2021

2021
2020
£
£
£
£		 2021
2020
£
£
£
£
Reconciliation of net income / (expenditure) to net
cash flow from operating activities
Net (expenditure)/income for the year
Depreciation of tangible fixed assets
Decrease/(Increase) in debtors
Increase in creditors		 (9,240)
85,751
245
1,144
27,215
(65,800)
108,653
76,104
Net cash flow from operating activities 126,873
97,199
Cash flow from investing activities
Payments to acquire tangible fixed assets -
(667)
Net cash flow from investing activities -
(667)
Net increase in cash and equivalents
Cash and cash equivalents at 1 January 2021
Cash and cash equivalents at 31 December 2021		 126,873
96,532
487,646
391,114
614,519
487,646

Page 10

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

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 benefit 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 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 2021

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 2021

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.

Deficit is stated after charging:
Operating leases - property
Depreciation
Independent examination fees		 2021
2020
£
£
14,340
14,170
245
1,144
4,700
4,800

3. Investment income

Bank interest receivable 2021
2020
£
£
51
316

4. Total expenditure

Cost of raising funds
Expenditure of charitable activities		 Staff costs Other costs
Total 2021
£
£
-
-
-
185,270
311,108
496,378
185,270
311,108
496,378
Cost of raising funds
Expenditure of charitable activities		 Staff costs Other costs
Total 2020
£
£
-
41
41
200,346
445,705
646,051
200,346
445,746
646,092

Page 13

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

Other costs are made up as follows
Project materials and costs
Fundraising 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		 2021
2020
£
£
259,080
382,166
-
41
1,300
1,250
16,140
21,827
5,862
5,820
177
897
5,672
6,779
2,679
2,293
6,350
6,340
4,700
4,800
245
1,144
4,333
5,320
4,570
7,069
311,108
445,746

Of the £496,378 expenditure in 2021 (2020: £646,092), £74,427 was charged to unrestricted funds (2020: £71,960) and £421,951 to restricted funds (2020: £574,132). Within the total expenditure are governance costs of £4,631 (2020: £4,778) which are now included within unrestricted expenses and comprise staff costs of £2,281 (2020: £2,378) and other costs of £2,350 (2020: £2,400).

Page 14

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

5. Analysis of Support Costs

----- Start of picture text -----
Total Total
Salary Admin 2021 2020
£ £ £ £
Experience the River 1,648 1,245 2,893 -
NE/EA River Kent Restoration - - - 10,732
Windermere Reflections – RTS - - - 25,054
River Kent SSSI Riparian Mgt 152 115 267 -
Catchment Base Approach 16,330 12,337 28,667 31,898
Restoring the Rivers 174 132 306 -
Esthwaite Catchment Improvement - - - 1,813
Barrow fish counter validation 1,227 927 2,154 1,326
CAPF Windermere - - - 739
Eel Passes - - - 10
Winster & Gilpin Habitat Improvements 2,220 1,677 3,897 3,860
Rusland Pool 2 82 62 144 91
WEG Elterwater Restoration 4,708 3,557 8,265 3,736
WAMM Morecambe Bay 2,980 2,252 5,232 5,963
New Hall Farm FIP - - - 114
Tesco Love My River 1,288 973 2,261 1,308
RRS 2020-21 Funding 547 413 960 -
Project Management RRS 2020-21 7,377 5,573 12,950 7,773
Low Risk Barriers 1,247 942 2,189 3,054
Windermere Water is Life 6,771 5,115 11,886 849
Coniston Mines 5,174 3,909 9,083 899
WEG Bowston Wier & Mill Race de-silt 12,881 9,731 22,612 -
WAMM Volunteer Hub 613 463 1,076 -
Eels BAE 985 744 1,729 -
RRS Longsleddale 3,039 2,296 5,335 -
RRS Lambrigg 1,031 779 1,810 -
Eels in Classroom 55 41 96 -
RT LIFE Natural Course 9 7 16 -
NFM 3,584 2,708 6,292 4,926
Cool Rivers 11,970 9,043 21,013 -
CaST 2,186 1,651 3,837 -
LIFE R4Ever Kent 5,185 3,917 9,102 -
HLF Phase 2 11,535 8,714 20,249 89,701
CFINNS 511 386 897 7,866
Goose Management 33 24 57 -
Kent Invasives 350 266 616 2,795
Windermere Invasive Species Group - - - 348
Bela INNS - - - 577
Cumbria Invasives Pathway - - - 157
Duddon River Association 114 86 200 -
FWPM - - - 137
106,006 80,085 186,091 205,726
----- End of picture text -----

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 2021

6. Directors and employees

Employee costs during the year 2021
2020
£
£
Wages and salaries 162,099
176,390
Social security costs
Pension costs
The average number of employees during the year was as follows:
Full time
Part time		 11,476
12,251
11,695
11,705
185,270
200,346
5
5
2
2

There were no employees receiving more than £60,000 in the year (2020 Nil).

The directors received no remuneration or reimbursement of expenses during the year from the company (2020 - £nil). The directors of the company are shown on page 1.

7. Tangible fixed assets

gible fixed assets
Cost
At 1 January 2021 and 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Computer
Equipment
Equipment
Total
£
£
£
25,199
9,459
34,658
25,199
8,987
34,186
-
245
245
25,199
9,232
34,431
-
227
227
-
472
472

Page 16

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

8. Debtors

Trade debtors and accrued income
Other debtors
Prepayments		 2021
2020
£
£
140,151
167,390
375
1,506
3,205
2,050
143,731
170,946

Accrued income relates to grant funding earned but not yet invoiced at the year end.

9. Creditors : amounts falling due within one year

reditors : amounts falling due within one year
Trade creditors
Taxation and social security
Accruals
Deferred income
Other creditors		 2021
2020
£
£
9,273
26,787
24,012
4,117
5,194
10,050
216,029
105,459
2,124
1,566
256,632
147,979
Movements in deferred income are as follows: 2021
2020
£
£
Balance as at 1 January 2021 105,459
41,000
Amount deferred in year
Amount released to income earned from charitable activities
Balance as at 31 December 2021		 181,029
70,459
(70,459)
(6,000)
216,029
105,459

10. Unrestricted funds

At 1 January 2021
Net incoming resources for the year
Transfer from restricted funds
At 31 December 2021		 210,743
71,641
11,795
294,179

Page 17

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

. Restricted Funds Balance
Balance
01.01.21
Incoming
Outgoing
Transfers
31.12.21
£
£
£
£
£
Movement in resources
Experience the River
River Fly Partnership
Dubbs Beck
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
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 2020-21
Low Risk Barriers
Windermere Water is Life
Coniston Mines
WEG Bowston Wier & Mill Race de-silt
WAMM Volunteer Hub
Eels BAE
Eels United Utilities
RRS Longsleddale
RRS Lambrigg
Eels in Classroom
RT LIFE Natural Course
NFM
Cool Rivers
CaST
LIFE R4Ever Kent
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
Grasmere Invasives
Duddon River Association
DRA - Black Syke		 9,260
75
(2,958)
-
6,377
607
-
(81)
-
526
5,590
-
-
-
5,590
665
-
-
-
665
29,239
-
(272)
-
28,967
25,415
20,000
(29,530)
-
15,885
571
-
(315)
-
256
8,309
-
-
-
8,309
762
-
-
-
762
2,590
-
(2,184)
-
406
659
-
-
-
659
228
-
-
-
228
593
-
-
-
593
14,922
-
(4,200)
-
10,722
868
4,626
(5,322)
-
172
(1,304)
22,327
(26,305)
-
(5,282)
1,052
-
-
-
1,052
26,727
400
(7,378)
-
19,749
11,546
-
-
-
11,546
586
-
-
-
586
3,207
-
(2,378)
-
829
3,626
-
-
-
3,626
49,718
5,066
(29,718)
(8,841)
16,225
27,071
-
(14,778)
(10,245)
2,048
-
1,410
(2,367)
957
-
-
29,282
(33,843)
-
(4,561)
-
35,437
(35,437)
-
-
-
12,457
(22,702)
10,245
-
-
2,500
(1,110)
-
1,390
-
-
(1,764)
(400)
(2,164)
-
-
-
(300)
(300)
-
75,000
(83,841)
8,841
-
-
10,613
(10,356)
(257)
-
-
3,000
(96)
-
2,904
-
16
(16)
-
-
15,627
41,116
(29,193)
(12,547)
15,003
-
12,500
(21,779)
10,752
1,473
-
3,163
(3,163)
-
-
-
10,220
(10,220)
-
-
18,472
150
-
(10,000)
8,622
-
50,796
(37,830)
-
12,966
8,834
-
(897)
-
7,937
649
-
-
-
649
57
-
(57)
-
-
14,654
850
(1,315)
-
14,189
2,127
-
(330)
-
1,797
2,560
-
-
-
2,560
4,014
-
-
-
4,014
294
-
-
-
294
2,300
66
-
-
2,366
8,247
-
(216)
-
8,031
300,342
341,070
(421,951)
(11,795)
207,666

11. Restricted Funds

Page 18

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

11. Restricted Funds (continued)
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 Improvements
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 2020-21
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 Invasives Pathway
Duddon River Association
DRA - Black Syke
FWPM		 Balance
01.01.20
Balance
31.12.20
Transfers
£
£
£
£
£
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)
-
Movement in resources
Incoming Outgoing
247,932
630,323
(574,132)
(3,781)
300,342

Page 19

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

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 identify 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. Dubbs Beck Improvement works in line with River Restoration proposals for the Kent and/or Freshwater Pearl Mussels (FwPM) benefits. 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. 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. 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.

Page 20

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds (continued)

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.
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.

Page 21

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds (continued)

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.
WEG Bowston Wier & WEG A Natural England project funded through the Water Environment Grant to
Burneside Mill Race de-silt remove a redundant weir structure on the River Kent SSSI/SAC to
improve the natural functioning of the river and the status of the SSSI unit
in which it sits. This is a grant project claimed in arrears.
A Natural England project funded through the Water Environment Grant to
remove 450-600 cubic metres of silt to safeguard the River Kent
SSSI/SAC against potential catastrophic liberation into the main river and
to develop an ongoing management plan. This is a grant project claimed
in arrears.
WAMM Volunteer Hub Funding through The Rivers Trust Life “Natural Course” project to support
Morecambe Bay volunteer coordination impacted by Covid difficulties in
partnership with Lune and Wyre Rivers Trusts and the Morecambe Bay
Partnership.
Eels BAE A project funded for by BAE systems barrow to mitigate against their
impacts on migratory Eels. This is a trading project.
Eels United Utilities Work funded by United Utilities to mitigate against their impacts on
migratory Eels. This is a trading project.
RRS Longsleddale A River Restoration Strategy focussed in the Longsleddale valley on the
River Sprint. This project will be multi-year building on each year’s actions.
This is a grant based project paid ahead of delivery.
RRS Lambrigg A River Restoration Strategy focussed on Lambrigg Beck, River Kent. This
is a grant based project paid ahead of delivery.
Eels in the Classroom BAE funded to deliver a community engagement project around the
importance of eels, their conservation status and lifecycles. The main
focus of the engagement will be school age children at a number of local
primary schools and will involve the children caring for their own tanks of
eels and later releasing them into the rivers. This is a grant based project
paid ahead of delivery.
RT Life Natural Course This project focusses on the facilitation, development, design, delivery
education, engagement market analysis, and wider strategy for
remediation of phosphorus issues in the Windermere catchment and
beyond. This is a grant based project, paid for in arrears.
Natural Flood Management (NFM) NFM is a DEFRA initiative that funds projects to store and slowly release
flood water to help protect communities at risk of flooding. Natural Flood
Management additionally aims to mimic natural processes and provide
environmental benefits.

Page 22

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds (continued)

Cool Rivers Project focussed on surveying rivers for the presence and density of trees.
This is specifically focussed on mitigating the warming effect of climate
change on rivers. Any surplus funding from the survey work or staff time will
be used to plant trees alongside the areas of riverbank identified as needing
improvement for climate change resilience. This is a grant based project
with funds from various sources.
CaST Catchment Systems Thinking is a grant funding scheme run by United
Utilities. This project focusses on the restoration of reed beds around
Windermere and community engagement. This project is grant funded and
paid for in arrears by quarterly claims.
LIFE R4Ever Kent This is a five year EU funded project led by Natural England. LIFE R4Ever
Kent Project plans toRestore andRevive the River Kent SAC, so that
species and habitats canRecover, thus making the designated features
moreResilient to environmental pressures.
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 Species Support of invasive control in the Windermere catchment.
Group
NE Overwater Crassula Survey the extent of Crassula helmsii and consider solutions for
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.
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.

Page 23

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

13. Defined contribution pension scheme

2021
2020
Contributions payable by the company for the year 11,695
11,705

14. Capital commitments

There were no capital commitments at 31 December 2021 or 31 December 2020.

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		 2021
2020
£
£
7,170
7,170
-
-
7,170
7,170

16. Contingent liabilities

There were no contingent liabilities at 31 December 2021 or 31 December 2020 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.

18. Analysis of Net Assets Between Funds

Unrestricted funds
Restricted funds
Total funds		 Fixed
Net current
assets
assets
2021
£
£
£
227
293,952
294,179
-
207,666
207,666
227
501,618
501,845

Page 24

SOUTH CUMBRIA RIVERS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

18. Analysis of Net Assets Between Funds ( continued)

Unrestricted funds
Restricted funds
Total funds		 Fixed
Net current
assets
assets
2020
£
£
£
472
210,271
210,743
-
300,342
300,342
472
510,613
511,085

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 £14,340 (2020 - £14,170) was charged at market rate.

In the year no expenses were reimbursed to the Trustees (2020 - £Nil).

20. Control

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

Page 25