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 2021
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 - 11 |
| Independent examiner's report | 12 |
| Statement of financial activities | 13 |
| Balance sheet | 14 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 16 - 32 |
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 2021
Trustees
Mr C Ecroyd, Chair Mr N Milsom Prof J Quinton Mr J Sander Mr J J Turner Mr R Warburton Mr A Thursby, Treasurer (resigned 10 April 2022)
Ms H Wade Mrs S Bradney, Vice Chair Mr M R Barrow Mr A G Bennett Ms J A Lack (appointed 10 April 2022)
Company registered number
06460807
Charity registered number 1123588
Registered office
4 Cowper Road Gilwilly Industrial Estate Penrith Cumbria CA11 9BN
Chief executive officer
Ms E Radford
Accountants
Full Circle Accountancy Limited Chartered Accountants The Office Mardale Road Penrith 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 2021
The Trustees present their annual report together with the financial statements of the The Eden Rivers Trust for the year 1 January 2021 to 31 December 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable 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 (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
� Policies and objectives
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:
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Carrying out and sponsoring ground investigations, research and monitoring to identify causes and impacts, their magnitude and effects on the river and its biodiversity.
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Using the above information to prioritise restoration and enhancement projects that will help the river to meet its full ecological potential.
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Running an education and engagement programme for specific groups and the public at large.
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, including the guidance 'Public benefit: running a charity (PB2)'.
Page 2
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Objectives and activities (continued)
� Strategies for achieving objectives
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. 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 2021 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 a few.
Some examples of our partnership working include the Cumbrian River Restoration Strategy, River Petteril and Rivers 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.
� Activities undertaken to achieve objectives
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.
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.
Page 3
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Objectives and activities (continued)
� Volunteers
The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision. It is estimated that over 1,582 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.
Page 4
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Achievements and performance
� Main achievements of the Charity
Strategic Plan Implementation in 2021
Connect
The National Heritage Lottery funded project, Act for Eden’s Rivers continued through 2021, engagement activities were still reduced due to Covid 19 but volunteer tasks completed (40) were up by a quarter from 2020, with 106 volunteers over the year, 47 of whom were new to ERT. These task, supported a variety of conservation projects across the catchment from balsam bashing to tree planting, to river restoration. An online volunteer celebration with speaker was well attended.
Limited schools activity focussed on the Westmorland Dales and Fellfoot Forward areas in line with the landscape partnership schemes ERT is an active partner in. A series of workshops with Carlisle Youth Zone young people resulted in an interactive Light Up Rivers display ( set of illuminated artworks) for Carlisle’s winter light festival.
Our digital engagement increased with 11% increase in social media followers from 2020 (now c7,928), and a new campaign element to our website. We also produced 6 films and developed drone photography skills.
We continue to receive considerable 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 other developing multiple benefits for the catchment.
Of the projects completed in 2021, 8.74 hectares of land were enclosed to protect from overgrazing; 511.2 km of fencing was erected to protect water courses; 16,232 trees planted to slow the flow of water and provide habitat; 7.8km of river was improved through restoration or new river created through re-wiggling a straightened channel. These projects take place working with over 20 landowners across the catchment. Other on-going projects have involved major river restoration at Grisedale, Patterdale within the Lake District National Park and over 20,000m3 of temporary and permanent water storage capability has been created in the Upper Eden as part of our natural flood management programme. Two major new species programmes on white clawed crayfish (protection) in the Northern Pennines and water vole reintroduction in the Lowther Valley have also begun.
Electrofishing programme (targeted fish rescue and monitoring) was undertaken as usual.
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). This Partnership published the Eden Catchment Plan and launched in September 2020 . The Eden Catchment Plan prioritises the areas in the catchment for management interventions to protect natural capital and its associated ‘free’ ecosystem services (water quality, water quantity, carbon, biodiversity, base flows, and recreation).
Eden Rivers Trust remains 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 was 25 years old in 2021. We celebrated throughout the year with an appeal (raising £3,000) and auction (raising over £27,000) a full colour magazine for our Supporters and a Supporters Day at Lowther Castle (60+ attendees).
Staff training programmes continued as did the staff /trustee development days – in a Covid appropriate way. We moved to new premises in Penrith following the closure of Newton Rigg College.
Page 5
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Achievements and performance (continued)
The brand and messaging review concluded in 2021 which is shaping our communications and will feed into next year’s strategic plan revision. Eden Rivers Trust. Rethinking Rivers, for Good.
� Investment policy and performance
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.
Financial review
� 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 2022.
� 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 2021 of £574,517, £368,790 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 2021 the Trust had unrestricted reserves of £205,727.
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 and conclude that the designated fund is not necessary at present, though will remain under constant review.
� 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.
Page 6
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
� Principal funding
Funders in 2021
Angling Associations, Catchment Sensitive Farming (Natural England), Cumbria Community Foundation, Cumbria County Council, DEFRA, EC Graham Charitable Settlement, Eden Schools, Environment Agency, European Union ( Water Environment Grant), Fellfoot Forward Landscape Partnership, Friends of Eden Rivers Trust and Eden Riparian Owners, National Lottery Heritage Fund, The Oglesby Charitable Trust, Beaumont, The Hadfield Trust, YDNPA, RSPB, North Pennines AONB, 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
Page 7
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, governance and management
� Constitution
The Eden Rivers Trust 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. The Eden Rivers Trust is registered as a charitable company limited by guarantee and was set up by a Trust deed. During the year the Trust was governed by the Board of Trustees, who are directors of the company. In 2021, 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. Mr Charles Ecroyd, Mr Alex Bennett, Mr Mark Barrow and Mr Nigel Milsom retire by rotation and, being eligible, offer themselves for re-election..
� Methods 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 Memorandum of Association.
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.
Page 8
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, governance and management (continued)
� Organisational structure and decision-making policies
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:
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Employing professional staff with appropriate skills and training, by open recruitment and with adherence to an equal opportunities policy.
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Commitment to ongoing professional development by all employees.
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Receiving regular written reports from the Chief Executive, reporting on all aspects of the organisation.
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Reviewing regularly the management accounts.
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Reviewing annually the insurance policies of the Trust.
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Submitting the financial statements for audit.
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 and monitoring.
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.
� Pay policy for key management personnel
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.
� 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.
Page 9
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, governance and management (continued)
� Financial 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 necessary 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 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
Next year (2022) is the final year of the current strategic plan and a full review of the last five years work will take place in the autumn alongside the development of the new five-year plan.
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 10
THE EDEN RIVERS TRUST
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity 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 Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 7 June 2022 and signed on their behalf by:
Mr C Ecroyd
Page 11
THE EDEN RIVERS TRUST
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021.
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 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:
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accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
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.
Signed: Dated: 7 June 2022 Jonathan Miller FCA DChA FULL CIRCLE ACCOUNTANCY LIMITED
Chartered Accountants
Page 12
THE EDEN RIVERS TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 6 Investments 7 Total income Expenditure on: Raising funds 8 Charitable activities 9 Total expenditure Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Other losses Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 37,034 - 28,788 - 65,822 6,544 104,217 110,761 (44,939) - (44,939) 250,666 (44,939) 205,727 |
Restricted funds 2021 £ 10,296 827,732 - 1,896 839,924 - 1,047,927 1,047,927 (208,003) - (208,003) 576,793 (208,003) 368,790 |
Total funds 2021 £ 47,330 827,732 28,788 1,896 905,746 6,544 1,152,144 1,158,688 (252,942) - (252,942) 827,459 (252,942) 574,517 |
Total funds 2020 £ 73,895 683,848 - 12,059 769,802 |
|---|---|---|---|---|
| - 1,065,143 1,065,143 |
||||
| (295,341) (10,000) (305,341) |
||||
| 1,132,800 (305,341) 827,459 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 16 to 32 form part of these financial statements.
Page 13
THE EDEN RIVERS TRUST (A company limited by guarantee) REGISTERED NUMBER: 06460807
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Fixed assets Tangible assets 14 Investments 15 Current assets Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 19 Unrestricted funds 19 Total funds |
212,143 360,573 572,716 (20,757) |
2021 £ 22,458 100 22,558 551,959 574,517 574,517 574,517 368,790 205,727 574,517 |
109,192 709,429 818,621 (19,112) |
2020 £ 27,850 100 |
|---|---|---|---|---|
| 27,950 799,509 |
||||
| 827,459 | ||||
| 827,459 | ||||
| 827,459 | ||||
| 576,793 250,666 |
||||
| 827,459 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 07 June 2022 and signed on their behalf by:
Mr C Ecroyd
The notes on pages 16 to 32 form part of these financial statements.
Page 14
THE EDEN RIVERS TRUST
(A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Net cash (used in)/provided by investing activities Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 16 to 32 form part of these financial statements |
2021 £ (341,709) 1,896 - (9,043) (7,147) - (348,856) 709,429 360,573 |
2020 £ (315,828) 13,528 (2,628) - 10,900 - (304,928) 1,014,357 709,429 |
|---|---|---|
Page 15
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. GENERAL INFORMATION
The Eden Rivers Trust is a private company limited by guarantee, domiciled in England and Wales, registration number 06460807. The registered office is 4 Cowper Road, Gilwilly Industrial Estate, Penrith, CA11 9BN.
2. ACCOUNTING POLICIES
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Eden Rivers Trust 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.
2.2 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.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 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.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 16
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. ACCOUNTING POLICIES (CONTINUED)
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.5 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 institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
- Short-term leasehold property 10% straight line - Plant and machinery 20% straight line Motor vehicles - 25% straight line - Fixtures and fittings 25% straight line
2.7 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 the 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 presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
2.8 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.
2.9 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.
Page 17
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. ACCOUNTING POLICIES (CONTINUED)
2.10 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 in the Statement of financial activities as a finance cost.
2.11 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.
2.12 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.
2.13 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 2021
3. INCOME FROM DONATIONS AND LEGACIES
| Donations Government grants Similar incoming resources Total 2021 Donations Government grants Similar incoming resources Total 2020 4. INCOME FROM CHARITABLE ACTIVITIES Income from charitable activities - Conservation Income from charitable activities - Conservation |
Unrestricted funds 2021 £ 33,985 2,739 310 37,034 Unrestricted funds 2020 £ 20,033 10,979 1,684 32,696 Unrestricted funds 2020 £ 5,000 |
Restricted funds 2021 £ 4,188 3,475 2,633 10,296 Restricted funds 2020 £ 1,678 38,778 743 41,199 Restricted funds 2021 £ 827,732 Restricted funds 2020 £ 678,848 |
Total funds 2021 £ 38,173 6,214 2,943 47,330 Total funds 2020 £ 21,711 49,757 2,427 73,895 Total funds 2021 £ 827,732 Total funds 2020 £ 683,848 |
|---|---|---|---|
Page 19
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
5. ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES
| Environment Agency Heritage Lottery Fund United Utilities Cumbria County Council Natural England The Rivers Trust DEFRA North Pennines AONB Beaumont The Hadfield Trust YDNPA RSPB Environment Agency Heritage Lottery Fund United Utilities Cumbria Community Foundation Natural England North Pennines AONB Oglesby Charitable Trust Network Rail 3Keel LLP Sundry grants |
Unrestricted funds 2020 £ - - - 5,000 - - - - - - 5,000 |
Restricted funds 2021 £ 401,871 105,799 13,822 8,900 72,734 11,216 5,897 125,286 2,500 4,035 59,654 3,700 815,414 Restricted funds 2020 £ 319,881 79,885 49,750 5,000 110,204 23,243 10,000 50,000 15,020 15,865 678,848 |
Total funds 2021 £ 401,871 105,799 13,822 8,900 72,734 11,216 5,897 125,286 2,500 4,035 59,654 3,700 815,414 Total funds 2020 £ 319,881 79,885 49,750 10,000 110,204 23,243 10,000 50,000 15,020 15,865 683,848 |
|---|---|---|---|
Page 20
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
6. INCOME FROM OTHER TRADING ACTIVITIES
Income from fundraising events
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Fundraising - Auction | 28,788 | 28,788 | - |
| 7. INVESTMENT INCOME Investment income Unrestricted funds 2020 £ Investment income 3,668 |
Restricted funds 2021 £ 1,896 Restricted funds 2020 £ 8,391 |
Total funds 2021 £ 1,896 Total funds 2020 £ 12,059 |
|---|---|---|
8. EXPENDITURE ON RAISING FUNDS
Fundraising trading expenses
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Auction costs | 6,544 | 6,544 | - |
Page 21
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
9. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Summary by fund type
| Income from charitable activities - Conservation Income from charitable activities - Conservation ANALYSIS OF EXPENDITURE BY ACTIVITIES Income from charitable activities - Conservation Income from charitable activities - Conservation |
Unrestricted funds 2021 £ 104,217 Unrestricted funds 2020 £ 68,206 Activities undertaken directly 2021 £ 1,056,901 Activities undertaken directly 2020 £ 1,014,002 |
Restricted funds 2021 £ 1,047,927 Restricted funds 2020 £ 996,937 Support costs 2021 £ 95,243 Support costs 2020 £ 51,141 |
Total funds 2021 £ 1,152,144 Total funds 2020 £ 1,065,143 Total funds 2021 £ 1,152,144 Total funds 2020 £ 1,065,143 |
|---|---|---|---|
10. ANALYSIS OF EXPENDITURE BY ACTIVITIES
Page 22
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
10. ANALYSIS OF EXPENDITURE BY ACTIVITIES (continued)
ANALYSIS OF DIRECT COSTS
| Staff costs Direct project costs Insurances Staff costs Direct project costs ANALYSIS OF SUPPORT COSTS Staff costs Depreciation Office costs Repairs and maintenances Governance costs |
Conservation 2021 £ 393,741 657,555 5,605 |
Total funds 2021 £ 393,741 657,555 5,605 1,056,901 |
||
|---|---|---|---|---|
| 1,056,901 | ||||
| Conservation 2020 £ 398,004 615,998 |
Total funds 2020 £ 398,004 615,998 1,014,002 Total funds 2021 £ 23,993 14,435 51,116 104 5,595 95,243 |
|||
| 1,014,002 | ||||
| Conservation 2021 £ 23,993 14,435 51,116 104 5,595 95,243 |
Page 23
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 10. ANALYSIS OF EXPENDITURE BY ACTIVITIES (continued) ANALYSIS OF SUPPORT COSTS (continued) Staff costs Depreciation Office costs Repairs and maintenances Loss on disposal of fixed assets Governance costs 11. INDEPENDENT EXAMINER'S REMUNERATION Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts 12. STAFF COSTS Wages and salaries Social security costs Contribution to defined contribution pension schemes |
Conservation 2020 £ 25,382 18,279 391 2 1,414 5,673 51,141 2021 £ 1,800 2021 £ 361,210 29,463 30,856 421,529 |
Total funds 2020 £ 25,382 18,279 391 2 1,414 5,673 51,141 |
|---|---|---|
| 2020 £ 1,800 |
||
| 2020 £ 363,171 34,011 29,904 |
||
| 427,086 |
The average number of persons employed by the Charity during the year was as follows:
| Management Administration staff Project staff |
2021 No. 2 1 10 13 |
2020 No. 2 1 10 |
|---|---|---|
| 13 |
Page 24
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
12. STAFF COSTS (continued)
No employee received remuneration amounting to more than £60,000 in either year.
13. TRUSTEES' REMUNERATION AND EXPENSES
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .
During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL) .
14. TANGIBLE FIXED ASSETS
| Cost or valuation At 1 January 2021 Additions At 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 |
Short-term leasehold property £ - 3,480 3,480 - 166 166 3,314 - |
Plant and machinery £ 34,083 - 34,083 33,165 140 33,305 778 918 |
Motor vehicles £ 38,451 - 38,451 26,515 7,211 33,726 4,725 11,936 |
Fixtures and fittings £ 74,204 5,563 79,767 59,208 6,918 66,126 13,641 14,996 |
Total £ 146,738 9,043 155,781 |
|---|---|---|---|---|---|
| 118,888 14,435 133,323 |
|||||
| 22,458 | |||||
| 27,850 |
Page 25
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
15. FIXED ASSET INVESTMENTS
Investments in subsidiary companies £ Cost or valuation At 1 January 2021 100 AT 31 DECEMBER 2021 100
PRINCIPAL SUBSIDIARIES
The following was a subsidiary undertaking of the Charity:
Name Company Registered office or principal Principal activity number place of business Eden Source to Sea Ltd 10332734 4 Cowper Road, Penrith CA11 4BN PR Marketing and Environmental Consulting Class of Holding Included in shares consolidation Ordinary 100% No
The financial results of the subsidiary for the year were:
| Name | Income | Expenditure | Profit/(Loss) | Net assets |
|---|---|---|---|---|
| £ | £ | / Surplus/ | £ | |
| (Deficit) for | ||||
| the year | ||||
| £ | ||||
| Eden Source to Sea Ltd | 12,168 | (3,227) | 8,941 | 9,052 |
Page 26
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
16. DEBTORS
| Due within one year Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income Grants receivable |
2021 £ 145,456 6,080 - 6,158 54,449 212,143 |
2020 £ 66,634 6,080 3,531 3,616 29,331 |
|---|---|---|
| 109,192 |
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors Accruals and deferred income |
2021 £ 18,942 - 1,815 20,757 |
2020 £ 16,218 13 2,881 |
|---|---|---|
| 19,112 |
18. FINANCIAL INSTRUMENTS
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 360,573 | 709,429 |
Financial assets measured at fair value through income and expenditure comprise cash and bank balances.
Page 27
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
19. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
| Unrestricted funds Designated funds Designated Funds General funds General Funds Total Unrestricted funds Restricted funds Restricted Funds Total of funds |
Balance at 1 January 2021 £ 70,666 180,000 250,666 576,793 827,459 |
Income £ - 65,822 65,822 839,924 905,746 |
Expenditure £ - (110,761) (110,761) (1,047,927) (1,158,688) |
Transfers in/out £ (70,666) 70,666 - - - |
Balance at 31 December 2021 £ - |
|---|---|---|---|---|---|
| 205,727 | |||||
| 205,727 | |||||
| 368,790 | |||||
| 574,517 |
Page 28
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
19. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS - PRIOR YEAR
| Unrestricted funds Designated funds Designated Funds General funds General Funds Total Unrestricted funds Restricted funds Restricted Funds Total of funds |
Balance at 1 January 2020 £ 106,574 180,934 287,508 845,292 1,132,800 |
Income £ - 41,364 41,364 728,438 769,802 |
Expenditure £ - (68,206) (68,206) (996,937) (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 |
20. SUMMARY OF FUNDS SUMMARY OF FUNDS - CURRENT YEAR
| Designated funds General funds Restricted funds |
Balance at 1 January 2021 £ 70,666 180,000 576,793 827,459 |
Income £ - 65,822 839,924 905,746 |
Expenditure £ - (110,761) (1,047,927) (1,158,688) |
Transfers in/out £ (70,666) 70,666 - - |
Balance at 31 December 2021 £ - 205,727 368,790 574,517 |
|---|---|---|---|---|---|
Page 29
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
20. SUMMARY OF FUNDS (CONTINUED)
SUMMARY OF FUNDS - PRIOR YEAR
| Designated funds General funds Restricted funds |
Balance at 1 January 2020 £ 106,574 180,934 845,292 1,132,800 |
Income £ - 41,364 728,438 769,802 |
Expenditure £ - (68,206) (996,937) (1,065,143) |
Transfers in/out £ (35,908) 35,908 - - |
Gains/ (Losses) £ - (10,000) - (10,000) |
Balance at 31 December 2020 £ 70,666 180,000 576,793 827,459 |
|---|---|---|---|---|---|---|
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 22,458 100 184,984 (1,815) 205,727 |
Restricted funds 2021 £ - - 387,732 (18,942) 368,790 |
Total funds 2021 £ 22,458 100 572,716 (20,757) 574,517 |
|---|---|---|---|
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 27,850 100 225,597 (2,881) 250,666 |
Restricted funds 2020 £ - - 593,024 (16,231) 576,793 |
Total funds 2020 £ 27,850 100 818,621 (19,112) 827,459 |
|---|---|---|---|
Page 30
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM 22. OPERATING ACTIVITIES
| Net expenditure for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Dividends, interests and rents from investments Loss on the sale of fixed assets Increase in debtors Increase/(decrease) in creditors Loan write down Net cash used in operating activities 23. ANALYSIS OF CASH AND CASH EQUIVALENTS Cash in hand Notice deposits Total cash and cash equivalents |
2021 £ (252,942) 14,435 (1,896) - (102,951) 1,645 - (341,709) 2021 £ 96,405 264,168 360,573 |
2020 £ (295,341) |
|---|---|---|
| 18,279 (13,528) 1,414 (5,619) (11,033) (10,000) |
||
| (315,828) | ||
| 2020 £ 37,819 671,610 |
||
| 709,429 |
24. ANALYSIS OF CHANGES IN NET DEBT
| At 1 January 2021 £ Cash at bank and in hand 709,429 709,429 |
Cash flows £ (348,856) (348,856) |
At 31 December 2021 £ 360,573 360,573 |
|---|---|---|
25. 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 £30,869 (2020 - £29,904). Contributions totalling £Nil (2020 - £Nil) were payable to the funds at the balance sheet date.
Page 31
THE EDEN RIVERS TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
26. OPERATING LEASE COMMITMENTS
At 31 December 2021 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
| Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years |
2021 £ - 4,250 160,417 164,667 |
2020 £ 24,800 - - |
|---|---|---|
| 24,800 |
The following lease payments have been recognised as an expense in the Statement of financial activities:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Operating lease rentals | 26,377 | 24,800 |
| Changes in lease payments arising from COVID-19 related rent concessions | - | - |
Page 32