**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:
- Carrying out and sponsoring ground investigations, research and monitoring to identify causes and impacts, their magnitude and effects on the river and its biodiversity.
- Using the above information to prioritise restoration and enhancement projects that will help the river to meet its full ecological potential.
- 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:
- Employing professional staff with appropriate skills and training, by open recruitment and with adherence to an equal opportunities policy.
- Commitment to ongoing professional development by all employees.
- Receiving regular written reports from the Chief Executive, reporting on all aspects of the organisation.
- Reviewing regularly the management accounts.
- Reviewing annually the insurance policies of the Trust.
- 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is 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:
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.
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_|
|---|---|---|---|
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## **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.
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## **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|**-**|_-_|
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