OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Registered number: 06460807 Charity number: 1123588

THE EDEN RIVERS TRUST

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

THE EDEN RIVERS TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 9
Independent examiner's report 10
Statement of financial activities 11
Income and expenditure account 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 28

THE EDEN RIVERS TRUST

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees

Mr C Ecroyd, Chair Mr N Milsom Prof J Quinton Mr J Sander Mr J J Turner Mr R Warburton Mr A Thursby Ms H Wade Mrs S Bradney, Vice Chair Mr M R Barrow Mr A G Bennett

Company registered number

06460807

Charity registered number

1123588

Registered office

Dunmail Building University of Cumbria Newton Rigg Penrith Cumbria CA11 0AH

Chief executive officer Ms E Radford

Accountants

Full Circle Accountancy Limited Chartered Accountants The Office Mardale Road Penrith Cumbria CA11 9EH

Bankers

Cumberland Building Society Cooper Way Parkhouse Carlisle CA3 0JF

Lloyds Bank Ettric House 37 South Gyle Crescent Edinburgh EH12 9DS

Clydesdale Bank 40 St Vincent Place Glasgow G1 2HL

Page 1

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their annual report together with the financial statements of the charity for the 1 January 2020 to 31 December 2020. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Objectives and Activities

POLICIES AND OBJECTIVES

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

The objectives of the Trust (set out in the Declaration of Trust) are to secure the conservation, protection, rehabilitation and improvement of the rivers, streams, water courses and water impoundments together with the related bank sides and estuary of the River Eden (Cumbria), its tributaries and the Eden Valley for the benefit of the public; and to advance the education of the public in the management of water and water habitats. The Trust's objects correspond with the Charities Act 2011 description of charitable purposes of advancing environmental protection and the advancement of education.

The Trust achieves its objectives by:

When reviewing our aims and objectives and planning our future activities, we have referred to the Charity Commission's general guidance on public benefit.

STRATEGIES FOR ACHIEVING OBJECTIVES

The Eden Rivers Trust has a dedicated workforce of highly skilled trustees and employees. It is committed to the continued development of its staff through performance management systems, which include both internal and external training.

We use the national umbrella body, the Rivers Trust, when required, to help us provide a professional service to our employees. Being located at Newton Rigg College, near Penrith has enabled us to continue to expand our vital conservation work and to develop links with the College. We have continued the positive relationships we have with existing funders and developed new relationships with new funders. We give feedback to funders and the public using reports, talks and presentations, by our website and press articles. We strive to keep up-to-date with relevant developments that affect our funding position, such as changing priorities of the Government and its statutory agencies.

In 2020 we have continued to work with a broad range of partners, funders and community groups and volunteers, who help us to achieve our objectives and who we help to achieve theirs. We have worked in partnership with Angling Associations, local community and flood action groups, Carlisle City Council, Cumbria County Council, United Utilities, Lancaster University, the Environment Agency, Land Managers, sister Rivers Trusts in Northern England, catchment schools, Natural England and Catchment Sensitive Farming - to name but a few.

Some examples of our partnership working include the Cumbrian River Restoration Strategy, River Petteril and Rivers

Page 2

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

Lowther & Leith Countryside Stewardship Facilitation Funds, the Eden Catchment Partnership (incorporating the Eden Catchment Management Group), Westmorland Dales and Fellfoot Forward Landscape Partnerships. Working in friendly collaboration with stakeholders and partner organisations is central to the Trust achieving its objectives and delivering its vision.

VOLUNTEERS

The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision. It is estimated that over 3,750 volunteer hours were provided during the year. The charity has a Volunteer Coordinator to ensure that best value is derived from the sterling efforts of our volunteers.

Strategic report

Achievements and performance

REVIEW OF ACTIVITIES

Strategic Plan Implementation in 2020

Connect

A new National Heritage Lottery funded project, Act for Eden’s Rivers began in 2020, however Covid 19 hugely impacted the delivery of this programme and all our people focussed activities. Despite this we completed 858 hours of volunteer work in the field, completed 31 tasks and 69 volunteers were active. Our digital engagement increased with 11% increase in social media followers from 2019 (now c6,300), and a new campaign element to our website. We also produced 6 films, developed drone photography skills and received much coverage in local media outlets.

Improve and Protect

The three programmes contributing to our Improve theme are River and habitat restoration, water friendly farming and Natural Flood management. We aim that these projects integrate as fully as possible with one another developing multiple benefits for the catchment.

Of the projects completing in 2020, 15.8 hectares of land was enclosed to protect from overgrazing; 5.9km of fencing was erected to protect water courses; 8398 trees planted to slow the flow of water and provide habitat; 7.6km of river was improved through restoration or new river created through re-wiggling a straightened channel; 385 acres of soil aerated and 305 acres of sward has been lifted; 700m of kested hedgerows planted.

The new water friendly farming programme saw 12 farm reports (nutrients and water management created, £700,000 of countryside stewardship funds secured for farmers and many farm infrastructure improvements.

The protect programme slowed this year due to lack of volunteers available for monitoring in the summer season due to Covid 19, targeted monitoring of fish, crayfish and invertebrates, and eDNA (environmental gene) sampling to track invasive signal crayfish, did take place.

Eden Catchment Partnership

We continue to act as the host of the Eden Catchment Partnership. This brings together the Catchment Based approach group (environment and biodiversity focused) and the Catchment Management Group (flood focussed). In 2020 this Partnership published the Eden Catchment Plan and launched in September 2020. The plan prioritises the areas in the catchment for management interventions to protect natural capital and it’s associated ‘free’ ecosystem services (water quality, water quantity, carbon, biodiversity, base flows, and recreation).

Eden Rivers Trust is a key partner in two multi-year National Heritage Lottery funded Landscape Partnerships: Westmorland Dales approved at the end of 2018 and led by Friends of the Lake District and Fellfoot Forward approved at the end of 2019 and led by North Pennines AONB Partnership. Eden Rivers Trust is involved in both conservation and engagement project delivery focussing on the rivers in those regions that overlap with the Eden Catchment.

Enable

Eden Rivers Trust continued organisational development in 2020 with further implementation of the 2018 governance

Page 3

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

review. A brand messaging process began in 2020 which will conclude in 2021, we implemented an updated risk register and carried out a salary review across the organisation. Staff training programmes continued as did the staff /trustee development days – in a Covid appropriate way.

INVESTMENT POLICY AND PERFORMANCE

Investment policy and objectives

The Trustees operate within the governing document, the Memorandum and Articles of Association having regard to the guidance provided by the Charities Commission and act in accordance with the Trustees Act 2000.

GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the next financial year. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

The Trustees have examined the best estimates of future cash flows, under different stress scenarios. While we cannot predict future events with absolute certainty, our assessment is that the charity remains a going concern for the financial year 2021.

PRINCIPAL RISKS AND UNCERTAINTIES

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

RESERVES POLICY

The Trustees have reviewed the charity’s needs for reserves in line with guidance issued by the Charity Commission.

Of the total reserves at 31 December 2020 of £827,459, £576,793 constitutes restricted reserves. These represent monies donated to the Trust in order to match specific projects. It is anticipated that the majority will be utilised in delivering the River Restoration Strategy, a water friendly farming programme, protection of iconic species and furthering sustainable integrated catchment management within the Eden.

At 31 December 2020 the Trust had unrestricted reserves of £250,660 comprising general reserves of £180,000 and designated reserves of £70,666. The Trustees keep their reserves policy and level of reserves held under review, monitoring the level of reserves held throughout the year as part of the normal monitoring and budgetary process. The main risks to both income and expenditure are highlighted and the level of committed expenditure taken into account. The Trustees reserves policy ensures that there are unrestricted funds that ensure that the Charity could continue during a period of unforeseen difficulty and that these are maintained in a readily realisable form. At the end of the year, the Trustees agreed that minimum reserves of £180,000 was necessary. Notwithstanding this the Trustees believe that every effort should be made to maintain free reserves as close to current levels as possible in order that the charity can continue to meet its current obligations and plan with confidence for the future.

Designated funds

The Trustees have considered carefully the need for designated funds with respect to the exposure of The Trust to future risks and the need to ensure future financial sustainability. Of particular concern is potential delays in the receipt of outstanding grant claims, as the Trust undertakes an increasing number of capital projects which pay large amounts in arrears.

In 2020 Trustees consider that designating funds is a prudent and forward-looking approach and have designated the amount of £70,666 going forward to ensure sufficient resources and liquidity is maintained within the Trust. Notwithstanding this the Trustees believe that every effort should be made to maintain free reserves as close to current levels as possible in order that the charity can continue to meet its current obligations and plan with confidence for the

Page 4

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

future.

After reviewing the charity’s three year budget and reserves, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

PRINCIPAL FUNDING

Funders in 2020

Angling Associations, Catchment Sensitive Farming (Natural England), Cumbria Community Foundation, Cumbria County Council, Cumbria Strategic Flood Partnership (North West Regional Flood and Coastal Committee), DEFRA, EC Graham Charitable Settlement, Eden Demonstration Test Catchment Project, Eden Schools, Environment Agency, Fellfoot Forward Landscape Partnership, Friends of Eden Rivers Trust and Eden Riparian Owners, Lancaster University, National Lottery Heritage Fund, Network Rail, 3Keel LLP, The Oglesby Charitable Trust, the Rural Protection Agency, Penrith Anglers, Westmorland Dales Landscape Partnership, United Utilities, The Woodland Trust.

The Trust also receives a great deal of in-kind funding from the time that our volunteers and other organisation have donated to us, including local schools and community associations.

Structure, governance and management

CONSTITUTION

The charity was constituted by a Declaration of Trust dated 12 October 1996 and registered as a charity on 2 December 1996.

On 31 December 2007 Eden Rivers Trust became a newly formed company limited by guarantee under company number 06460807. The charity was transferred to the Company and re-registered with the Charities Commission under number 1123588.

The principal objects of the charity are

to conserve, protect and improve the River Eden and its tributaries and the flora and fauna in and adjacent to them. to increase public awareness of the importance of the the River Eden and is catchment through education.

These aims are met through our research, conservation and education projects.

Trustees

During the year the Trust was governed by the Board of Trustees, who are directors of the company. In 2020, the Board of Trustees held 4 Trustee meetings.

The Trust Deed provides for a minimum of five Trustees and a maximum of twelve. New Trustees are elected by the Board of Trustees, and each year one third of the Trustees are required to retire by rotation. Any Trustee retiring by rotation may be re-appointed.

Mrs Hilary Wade, Mr John Sander, Mr Alex Thursby and Mr James Turner retire by rotation and, being eligible, offer themselves for re-election.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Page 5

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

Trustees are formally inducted by the Chairman and are given the opportunity to understand the work of the Trust. This is done by:

Meeting all staff and Trustees. Attending trustee/staff meetings. Receiving copies of the Trust Deed. Annual report and accounts. Most recent management accounts and minutes of Trustees’ meetings. Contact lists. Familiarisation of current projects by Trust staff. Time spent in the office, around the catchment area and visiting projects with staff. Website information.

Relevant Charity Commission guidance.

PAY POLICY FOR SENIOR STAFF

The Board of Directors, who are the Trust’s trustees, and the Chief Executive comprise the key management personnel of the charity in charge of directing and controlling, running and operating the trust on a day to day basis. All Trustees give their time freely and no trustees received remuneration in the year.

The pay of all staff is reviewed annually and where possible a cost of living increase is applied in line with the average of CPI and RPI. In 2020 the Trust introduced new pay bands which have been, as far as possible, benchmarked against other comparable organisations in the sector and region.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The Board of Trustees administers the Trust. There are currently eleven Trustees, the majority of whom live in the Eden catchment (Upper, Middle and Lower Eden), their areas of expertise include: hospitality, farming, education and museums, banking, fundraising research and administration. The Trustees agree annual budgets and strategic objectives contained within the five year strategic plan (2018 – 2022). They meet regularly to review these and to monitor the performance of the Trust against them and hold special meetings to discuss projects and issues if required.

The Trustees monitor the work and the internal controls of the Trust with particular emphasis on the management of risk. These include:

The Trust employs a Chief Executive, who manages the day to day operations of the Trust in conjunction with the Trust Chairman and under the guidance of the Board of Trustees.

The Trust has a body of ‘supporters’ who donate, volunteer and advocate for the Trust. They receive information about current projects and they are asked to occasional events at which the work of the Trust is explained. The Trust also disseminates information about its work at other meetings, such as Catchment Partnership meetings, community groups, special interest seminars, Angling Association AGMs shows and events.

The Trust uses a large pool of volunteers for delivery of a number of areas of its work, particularly practical conservation and monitoring.

Page 6

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

The financial and practical support of friends and volunteers is essential to the delivery of the Trust’s work and the Trust is extremely grateful for their help.

RELATED PARTY RELATIONSHIPS

The charity has one trading subsidiary, Eden Source to Sea Ltd.

The Trust works with other rivers trusts, the umbrella organisation (The Rivers Trust) and the Wild Trout Trust. All relationships are conducted at an arm’s length basis, and where required a standard Memorandum of Understanding is negotiated.

RISK MANAGEMENT

The Trustees have examined the major strategic, business and operational risk which the charity faces (through a risk register) and confirm that systems have been established to enable regular reports to be produced so that the necessart steps can be taken to mitigate these risks.

Assessment of risks is kept under continual review. In general, the nature of the Trust, together with its past experience, the professional status of the officers, and the control systems that have been put in place, ensure that the Trust’s activities have a generally low foreseeable risk.

Risk assessments are prepared for all activities in line with a Risk Assessment Procedure which is reviewed annually. Employees receive training to assist in minimising risks to themselves and others, particularly related to hazards that may be faced during fieldwork.

For additional protection the Trust maintains appropriate insurance policies covering employers’ liability, public liability and Trustees’ indemnity insurance.

TRUSTEES' INDEMNITIES

The charity holds a standard insurance policy which includes a trustees' indemnity against any liability in connection with any negligence, default, breach of duty or breach of trust in relation to the charity.

Plans for future periods

FUTURE DEVELOPMENTS

Five year strategic plan 2018 - 2022

In early 2018 the Trust finalised its first strategic plan which will guide its work for the next five years, Vision: ‘Healthy Eden for All: Mission: To improve and protect the River Eden - its tributaries and lakes, for the benefit of people and wildlife.

The objectives of the plan sit under 4 main pillars or themes:

Theme 1: CONNECT

Community engagement and profile raising work. Connect focuses on engaging Eden’s communities, enabling them to cherish and enjoy the River Eden and its tributaries. The premise being, we all can share the many benefits of the Eden.

Theme 2: IMPROVE

Work that focus on restoring natural processes within the catchment: encouraging more natural flow of water, both in the river itself and how that water is held in catchment; improving water quality; improving habitat quality and connectivity.

Page 7

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

Theme 3: PROTECT

Aspects of our work that protect the unique and iconic biodiversity in the catchment, with a focus on the river. There is overlap between our work to improve and work to protect; as we improve, we also protect.

Theme 4: ENABLE

Our work to improve and nurture all part of our organisation falls under this theme: people, processes and systems. It reflects our desire to constantly increase the impact, scale and quality of all our work and to become a more professional organisation.

We continue to aim to ensure that all our projects deliver multiple benefits for the environment and many activities deliver outcomes under more than one of the 4 pillars. We strive to achieve integrated catchment management across Eden, for land, water and the communities. All our work involved working in collaboration with stakeholders, communities and volunteers, and was delivered by our staff and apprentices.

MEMBERS' LIABILITY

The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

Page 8

THE EDEN RIVERS TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of The Eden Rivers Trust for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they 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 are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, on 29 April 2021 and signed on their behalf by:

Mr C Ecroyd

Page 9

THE EDEN RIVERS TRUST

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EDEN RIVERS TRUST (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity (and 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 charity 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 the charity's accounts 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 charity'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 the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Signed: Dated: 29 April 2021

Jonathan Miller FCA DChA

FULL CIRCLE ACCOUNTANCY LIMITED

Chartered Accountants Independent Examiner

Page 10

THE EDEN RIVERS TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
2
Charitable activities
3
Other trading activities
Investments
5
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON:
Raising funds
6
Charitable activities
10,7
TOTAL EXPENDITURE
11
NET EXPENDITURE BEFORE OTHER
RECOGNISED GAINS AND LOSSES
Other recognised losses
NET MOVEMENT IN FUNDS

RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2020
£
2020
£
2020
£
2019
£
32,696
41,199
73,895
92,821
5,000
678,848
683,848
661,672
-
-
-
83
3,668
8,391
12,059
16,699
41,364
728,438
769,802
771,275
-
-
-
6,364
68,206
996,937
1,065,143
897,264
68,206
996,937
1,065,143
903,628
(26,842)
(268,499)
(295,341)
(132,353)
(10,000)
-
(10,000)
(12,000)
(36,842)
(268,499)
(305,341)
(144,353)
287,508
845,292
1,132,800
1,277,153
250,666
576,793
827,459
1,132,800		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2020
£
2020
£
2020
£
2019
£
32,696
41,199
73,895
92,821
5,000
678,848
683,848
661,672
-
-
-
83
3,668
8,391
12,059
16,699
41,364
728,438
769,802
771,275
-
-
-
6,364
68,206
996,937
1,065,143
897,264
68,206
996,937
1,065,143
903,628
(26,842)
(268,499)
(295,341)
(132,353)
(10,000)
-
(10,000)
(12,000)
(36,842)
(268,499)
(305,341)
(144,353)
287,508
845,292
1,132,800
1,277,153
250,666
576,793
827,459
1,132,800		 Total
funds
2019
£
92,821
661,672
83
16,699
771,275
-
68,206
68,206
(26,842)
(10,000)
(36,842)
287,508
250,666

The notes on pages 15 to 28 form part of these financial statements.

Page 11

THE EDEN RIVERS TRUST

(A company limited by guarantee)

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Note
GROSS INCOME IN THE REPORTING
PERIOD
Less: Total expenditure
NET EXPENDITURE FOR THE YEAR
BEFORE TRANSFERS
Transfers between funds
20
Net income/(expenditure) for the year after
transfers
NET INCOME/(EXPENDITURE) FOR THE
FINANCIAL YEAR
20		 Unrestricted
funds
2020
£
41,364
68,206
(26,842)
35,908
9,066
9,066		 Restricted
funds
2020
£
728,438
996,937
(268,499)
-
(268,499)
(268,499)		 Total
funds
2020
£
769,802
1,065,143
(295,341)
35,908
(259,433)
(259,433)		 Total
funds
2019
£
771,275
915,628
(132,353)
-
(121,353)
(121,353)

The notes on pages 15 to 28 form part of these financial statements.

Page 12

THE EDEN RIVERS TRUST (A company limited by guarantee) REGISTERED NUMBER: 06460807

BALANCE SHEET AS AT 31 DECEMBER 2020

Note
FIXED ASSETS
Tangible assets
16
Investments
17
CURRENT ASSETS
Debtors
18
Cash at bank and in hand
CREDITORS:amounts falling due within one
year
19
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
20
Unrestricted funds including Designated Funds
20
TOTAL FUNDS		 £
109,192
709,429
818,621
(19,112)		 2020
£
27,850
100
27,950
799,509
827,459
576,793
250,666
827,459		 £
103,573
1,014,357
1,117,930
(30,145)		 2019
£
44,915
100
45,015
1,087,785
1,132,800
845,292
287,508
1,132,800

The charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Trustees consider that the charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the charity to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 29 April 2021 and signed on their behalf, by:

Mr C Ecroyd

The notes on pages 15 to 28 form part of these financial statements.

Page 13

THE EDEN RIVERS TRUST

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Cash flows from operating activities
Net cash used in operating activities
22
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
23		 2020
£
(315,828)
13,528
-
(2,628)
10,900
(304,928)
1,014,357
709,429		 2019
£
(120,509)
16,699
18,900
(23,050)
12,549
(107,960)
1,122,317
1,014,357

The notes on pages 15 to 28 form part of these financial statements.

Page 14

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Eden Rivers Trust Ltd 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.

In the opinion of the board, the charity and its subsidiary undertaking comprise a small group. The charity has therefore taken advantage of the exemption not to prepare group accounts. The financial statements present information about the charity as an individual undertaking and not about its group.

1.2 Company status

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

Page 15

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (continued)

1.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

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

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 16

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

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

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

1.5 Turnover

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

1.6 Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities.

Page 17

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (continued)

1.8 Interest receivable

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 the interest paid or payable by the Bank.

1.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.10 Cash at Bank and in hand

Cash 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.

1.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.12 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.13 Pensions

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

1.14 Fund accounting

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

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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

Page 18

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. INCOME FROM DONATIONS AND LEGACIES

INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds
2020
£
Donations - Friends of Eden Rivers Trust
20,033
Government grants
10,979
Similar incoming resources
1,684
Total donations and legacies
32,696
Total 2019
39,643		 Restricted
funds
2020
£
1,678
38,778
743
41,199
53,178		 Total
funds
2020
£
21,711
49,757
2,427
73,895
92,821		 Tota
funds
2019
£
86,977
-
5,844
92,821

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2020
£
Research,Conservation,Education
5,000
Total 2019
-		 Restricted
funds
2020
£
678,848
661,672		 Total
funds
2020
£
683,848
661,672		 Total
funds
2019
£
661,672

Page 19

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
£
Education
-
Heritage Lottery Fund
-
United Utilities
-
Environment Agency
-
Heritage Lottery Fund - Westmorland Dales
-
Defra/Lancaster University
-
Cumbria Community Foundation
5,000
Oglesby Charitable Trust
-
Natural England
-
Troutbeck WEG
-
Defra
-
Eden District Council
-
Cumbria County Council
-
North Pennines AONB- Fellfoot Forward LP
-
Network Rail
-
3Keel LLP - Lens Programme
-
Sundry grants
-
Total
5,000
Total 2019
661,672
5.
INVESTMENT INCOME
Unrestricted
funds
2020
£
Bank interest receivable
3,668
Total 2019
-
6.
COSTS OF RAISING FUNDS
Unrestricted
funds
2020
£
Other costs
-
Total 2019
6,364		 Restricted
funds
£
-
79,885
49,750
319,881
-
-
5,000
10,000
110,204
-
-
-
-
23,243
50,000
15,020
15,865
678,848
-
Restricted
funds
2020
£
8,391
16,699
Restricted
funds
2020
£
-
-		 2020
£
-
79,885
49,750
319,881
-
-
10,000
10,000
110,204
-
-
-
-
23,243
50,000
15,020
15,865
683,848
661,672
Total
funds
2020
£
12,059
16,699
Total
funds
2020
£
-
6,364		 2019
£
1,325
85,833
20,000
435,620
7,311
5,213
-
-
33,266
56,558
2,594
5,000
3,500
-
-
-
5,452
661,672
Total
funds
2019
£
16,699
Total
funds
2019
£
6,364

Page 20

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
funds
2020
£
Research,Conservation,Education
62,533
Total 2019
28,678		 Restricted
funds
2020
£
996,937
862,836		 Total
funds
2020
£
1,059,470
891,514		 Total
funds
2019
£
891,514

8. DIRECT COSTS

Research,
Conservation,
Education
£
Direct project costs
615,998
Wages and salaries
337,571
National insurance
31,441
Pension cost
28,992
1,014,002

Total 2019
816,221
9.
SUPPORT COSTS
Research,
Conservation,
Education
£
Office costs
391
Bank charges
2
Profit/loss on disposal of assets
1,414
Wages and salaries
21,900
National insurance
2,570
Pension cost
912
Depreciation
18,279
45,468
Total 2019
94,193		 Total
2020
£
615,998
337,571
31,441
28,992
1,014,002
816,221
Total
2020
£
391
2
1,414
21,900
2,570
912
18,279
45,468
94,193		 Total
2019
£
440,098
326,360
29,498
20,265
816,221
Total
2019
£
46,855
12
(18,900)
26,550
2,677
903
17,196
75,293

Page 21

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10. GOVERNANCE COSTS

Unrestricted
funds
Restricted
funds
2020
£
2020
£
Accountancy
1,973
-
Wages and salaries
3,700
-
5,673
-
11.
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Depreciation
Other costs
2020
£
2020
£
2020
£
Expenditure on raising
voluntary income
-
-
-
Costs of raising funds
-
-
-
Research,Conservation,
Education
423,386
18,279
617,805
Expenditure on governance
3,700
-
1,973
427,086
18,279
619,778
Total 2019
410,003
(1,704)
495,329		 Total
funds
2020
£
1,973
3,700
5,673
Total
2020
£
-
-
1,059,470
5,673
1,065,143
903,628		 Total
funds
2019
£
2,000
3,750
5,750
Total
2019
£
6,364
6,364
891,514
5,750
903,628

12. TURNOVER

All turnover arose within the United Kingdom.

13. NET INCOME/(EXPENDITURE)

This is stated after charging:

2020 2019
£ £
Depreciation of tangible fixed assets:
- owned by the charity 18,279 17,195

During the year, no Trustees received any remuneration (2019 - £NIL).

14. INDEPENDENT EXAMINER'S REMUNERATION

The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,800 (2019 - £1,740).

Page 22

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2020
£
363,171
34,011
29,904
427,086		 2019
£
356,660
32,175
21,168
410,003

The average number of persons employed by the charity (both full and part-time) during the year was as follows:

Management
Administration staff
Project staff		 2020
No.
2
1
10
13		 2019
No.
2
1
9
12

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

16. TANGIBLE FIXED ASSETS

Cost
At 1 January 2020
Additions
Disposals
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Plant and
machinery
£
32,904
1,179
-
34,083
32,479
686
-
33,165
918
425		 Motor
vehicles
£
38,451
-
-
38,451
17,528
8,987
-
26,515
11,936
20,923		 Fixtures and
fittings
£
115,505
1,449
(42,750)
74,204
91,938
8,606
(41,336)
59,208
14,996
23,567		 Total
£
186,860
2,628
(42,750)
146,738
141,945
18,279
(41,336)
118,888
27,850
44,915

Page 23

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

17. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
Market value
At 1 January 2020 and 31 December 2020 100
Historical cost 100

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name Holding
Eden Source to Sea Ltd 100%

The aggregate of the share capital and reserves as at 31 December 2020 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of
share capital and
reserves
£
Eden Source to Sea Ltd
111
18.
DEBTORS
2020
£
Trade debtors
66,634
Amounts owed by group undertakings
6,080
Other debtors
3,531
Prepayments and accrued income
3,616
Grants receivable
29,331
109,192
19.
CREDITORS: Amounts falling due within one year
2020
£
Trade creditors
16,218
Other creditors
13
Accruals and deferred income
2,881
19,112		 Profit/(loss)
£
(9,997)
2019
£
72,831
16,080
11,845
2,817
-
103,573
2019
£
26,949
927
2,269
30,145

Page 24

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

20. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at 1
January
2020
£
Designated funds
Designated Funds
106,574
General funds
General Funds
180,934
Total Unrestricted funds
287,508
Restricted funds
Restricted Funds
845,292
Total of funds
1,132,800		 Income Expenditure
£
£
-
-
41,364
(68,206)
41,364
(68,206)
728,438
(996,937)
769,802
(1,065,143)		 Transfers
in/out
£
(35,908)
35,908
-
-
-		 Gains/
(Losses)
£
-
(10,000)
(10,000)
-
(10,000)		 Balance at
31
December
2020
£
70,666
180,000
250,666
576,793
827,459

Page 25

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

20. STATEMENT OF FUNDS (continued)

STATEMENT OF FUNDS - PRIOR YEAR

Designated funds
Designated Funds
General funds
General Funds
Total Unrestricted funds
Restricted funds
Restricted Funds
Total of funds		 Balance at
1 January
2019
£
117,574
183,023
300,597
976,556
1,277,153		 Income
£
-
39,703
39,703
731,572
771,275		 Expenditure
£
-
(40,792)
(40,792)
(862,836)
(903,628)		 Transfers
in/out Gains/ (Losses)
£
£
(11,000)
-
11,000
(12,000)
-
(12,000)
-
-
-
(12,000)		 Balance at 31
December
2019
£
106,574
180,934
287,508
845,292
1,132,800

SUMMARY OF FUNDS - CURRENT YEAR

Balance at 1
January
2020
£
Designated funds
106,574
General funds
180,934
287,508
Restricted funds
845,292
1,132,800		 Income Expenditure
£
£
-
-
41,364
(68,206)
41,364
(68,206)
728,438
(996,937)
769,802
(1,065,143)		 Transfers
in/out
£
(35,908)
35,908
-
-
-		 Gains/
(Losses)
£
-
(10,000)
(10,000)
-
(10,000)		 Balance at
31
December
2020
£
70,666
180,000
250,666
576,793
827,459

Page 26

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

20. STATEMENT OF FUNDS (continued)

SUMMARY OF FUNDS - PRIOR YEAR

Designated funds
General funds
Restricted funds		 Balance at
1 January
2019
£
117,574
183,023
300,597
976,556
1,277,153		 Income
£
-
39,703
39,703
731,572
771,275		 Expenditure
£
-
(40,792)
(40,792)
(862,836)
(903,628)		 Transfers
in/out Gains/ (Losses)
Balance at 31
December
2019
£
£
£
(11,000)
-
106,574
11,000
(12,000)
180,934
-
(12,000)
287,508
-
-
845,292
-
(12,000)
1,132,800		 Transfers
in/out Gains/ (Losses)
Balance at 31
December
2019
£
£
£
(11,000)
-
106,574
11,000
(12,000)
180,934
-
(12,000)
287,508
-
-
845,292
-
(12,000)
1,132,800
287,508
845,292
1,132,800

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2020
£
Tangible fixed assets
27,850
Fixed asset investments
100
Current assets
225,597
Creditors due within one year
(2,881)
250,666
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2019
£
Tangible fixed assets
44,915
Fixed asset investments
100
Current assets
252,427
Creditors due within one year
(9,934)
287,508		 Restricted
funds
2020
£
-
-
593,024
(16,231)
576,793
Restricted
funds
2019
£
-
-
865,503
(20,211)
845,292		 Total
funds
2020
£
27,850
100
818,621
(19,112)
827,459
Total
funds
2019
£
44,915
100
1,117,930
(30,145)
1,132,800

Page 27

THE EDEN RIVERS TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

22. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation charges
Dividends, interest and rents from investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in debtors
Decrease in creditors
Loan write down
Net cash used in operating activities
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits
Total		 2020
£
(295,341)
18,279
(13,528)
1,414
(5,619)
(11,033)
(10,000)
(315,828)
2020
£
37,819
671,610
709,429		 2019
£
(132,353)
17,195
(16,699)
(18,900)
88,240
(45,992)
(12,000)
(120,509)
2019
£
25,554
988,803
1,014,357

23. ANALYSIS OF CASH AND CASH EQUIVALENTS

24. PENSION COMMITMENTS

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in independently administered funds. The pension cost charge represents contributions payable by the charity to the funds and amounted to £29,904 (2019 - £21,168). Contributions totalling £Nil (2019 - £Nil) were payable to the funds at the balance sheet date.

25. OPERATING LEASE COMMITMENTS

At 31 December 2020 the total of the Charity’s future minimum lease payments under non-cancellable operating leases was:

leases was:
2020 2019
£ £
Amounts payable:
Within 1 year - 16,528

26. RELATED PARTY TRANSACTIONS

The charity is controlled by the Trustees who are all directors of the company. The Trust works with other rivers trusts, the umbrella organisation The Rivers Trust and the Wild Trout Trust. All relationships are conducted at an arms length basis, and where required a standard memorandum of understanding is negotiated.

Page 28