## **The Lune Rivers Trust**
**Charity No. 1127427**
**Company No. 06489777**
**Trustees' Report and Unaudited Accounts**
**31 January 2021**
**The Lune Rivers Trust Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 5||
|Independent Examiner's Report||6|
|Statement of Financial Activities||7|
|Summary Income and Expenditure Account||8|
|Balance Sheet||9|
|Notes to the Accounts|10 to|18|
|Detailed Statement of Financial Activities|19 to|21|
Page 1
**The Lune Rivers Trust Trustees Annual Report**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 January 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 06489777**
## **Charity No. 1127427**
## **Registered Office**
Bay Business Hub 1st Floor 259 Marine Road Central Morecambe LA4 4BJ
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
G.R. Burrell (Resigned 28 January 2021) P. Gilpin M. Hall L. Hodgson A.W.J. Hurst M. Jackson R.J. Jardine G. Murphy H. Riley (Resigned 28 January 2021) A. Todd J.J. Walmsley
## **Company Secretary**
T.G. Pitt
## **Accountants**
Meiring & Co Unit 1 Strands Barn Strands Farm Lane Hornby Lancaster LA2 8JF
## **OBJECTIVES AND ACTIVITIES**
The main aims of the charity are:
Page 2
**The Lune Rivers Trust Trustees Annual Report**
-to conserve, protect, rehabilitate and improve the rivers, streams, watercourses and water impoundments of the catchments comprising the River Lune throughout its entire course and all its tributaries in Cumbria, Yorkshire and North Lancashire.
-to advance the education of the public or any association, company, local authority, administrative or governmental agency or public body or representative body in:
(a) the understanding of rivers, river corridors and catchments, including their fauna, flora and economic or social activity and river catchment management.
(b) the need for and benefits of conservation, protection, rehabilitation and improvement of aquatic environments.
## **ACHIEVEMENTS AND PERFORMANCE**
The Trustees are pleased with charitable activities this year, especially considering the impact of COVID 19 restrictions.
The trust has:
- Continued the implementation of a large Water Environment Project funded by DEFRA with components including a project to protect Roeburn Woods and the River Roeburn, a farm advice project and interventions to improve water quality on the Upper Wenning and the Upper Lune and the detailed design of a project to improve fish access past Skerton Weir.
- Completed Natural Flood Management projects at three locations in Cumbria (Tebay, Raisbeck and Sedbergh).
- Continued a Slow the Flow/ Natural Flood Management project in South Lancaster
- Completed a water quality project focussing on macro and micro plastics – the Wholescale Approach to Marine Management Project (WAMM) funded by the Marine Management Organisation in collaboration with the Rivers Trust, Morecambe Bay Partnership, Wyre Rivers Trust and South Cumbria Rivers Trust.
- Commenced a three year project working on urban regeneration activities, funded by Greggs. A notable delivery during 2020 was the implementation of a natural Flood Management/ culvert daylighting project in east Lancaster.
Implementation has been affected by the impact of COVID-19 restrictions and the furloughing of 1 staff member. Volunteer events and wider stakeholder engagement were suspended for the majority of the financial year. Work instead focussed on physical implementation of projects, which could more easily be carried out in a COVID-19 secure way.
The Trust continues to host the Living Lune Catchment Partnership Project. We now have over 30 partners and together we continue to develop a prioritised action plan for the future as well as working together on the implementation of projects. This is funded by the EA.
The Trust has again undertaken the sale of fishing permits for the EA Halton and Skerton beats during the 2020 season. This arrangement with the EA has also been extended for a further two years (2021 & 2022).
## **Fundraising activities**
The Trust (in partnership with West Coast Railways) ran a steam train trip to York and Scarborough to raise funds for the Trust.
During the last financial year the trust has submitted further funding applications:
- To the EA/ Defra for extensions to the Tebay and Sedbergh NFM projects – the extra funding was secured and the additional activities are due to be completed in early 2021.
Page 3
**The Lune Rivers Trust Trustees Annual Report**
- To the Green Recovery Challenge Fund for the expanded predicted costs of the Skerton Weir fish pass project.
- To the EA for a further Slow the Flow/ Natural Flood Management project in south Lancaster/ Galgate. - To the EA Fisheries Improvement Programme for buffer strip creation and tree planting in the Tebay valley. - To Lancaster City Council for a project to develop riparian tree planting projects in Lancashire (in partnership with the Ribble and Wyre Rivers Trusts).
The Trustees hope to build and expand upon all these projects in the future.
## **FINANCIAL REVIEW**
## **Reserves policy**
The purpose of this Reserve Funds Policy is to ensure the stability of the operations, programmes, employment of key staff and charitable objectives of the Lune Rivers Trust.
It also forms part of the suite of policies put in place to manage the Trust’s finances in a responsible manner, as required by the Charity Commission.
## **Emergency Reserve Funds**
These are intended for use in case of a sudden, unforeseen or catastrophic interruption of the Trust’s funding streams. Examples could include donors cancelling projects before the intended completion date, or the Trust failing to secure sufficient funding to continue operations, or a Force Majeure.
The Emergency Reserve Funds are intended to be used to meet the Trust’s fixed obligations (such as staff costs and office rental) whilst a solution is found or the Trust is wound up. This is currently calculated on the basis of three months of fixed costs. This will be adjusted in future years to also include any obligations for staff redundancy payments.
Authority to utilise the Emergency Reserve Funds will rest with the Board of Trustees. The Emergency Reserve Fund is currently set at £33,000.
## **Operating Reserve Funds**
These are intended to be used in case of a need to assist with the Trust’s cash flow. For example, where project activities are paid in arrears and hence there is a lag between incurring the expenses and receiving reimbursement from the donor. They are also to be used in case of unforeseen one-off expenses necessary for the functioning of the Trust (e.g. replacement of a broken computer).
The intention is that any Operating Reserve Funds will be reimbursed as soon as practical. For example when project payments have been received, or by searching for funding opportunities to reimburse unforeseen expenses. The level of Operating Reserve Funds needed is difficult to predict with certainty. Hence, the threshold has been set at a reasonable level in relation to the Trust’s current financial position. Authority to utilise the Operating Reserve Funds will rest with the Board of Trustees. The Operating Reserve Fund is currently set at £25,000.
## **Unrestricted Reserve Funds**
These are funds that are not assigned to a specific project or activity. They are intended to be used to directly support the charitable objectives of the Trust. For example to support strategic activities important to the development of the Trust and where external restricted funds cannot be secured. The intention is that these funds will be utilised promptly (within 1 year) after being designated/ received as Unrestricted Reserve Funds.
Up to a limit of £10,000, authority to utilise Unrestricted Reserve Funds will rest with the Trust Manager. Above £10,000, approval from the Board of Trustees will be necessary.
Page 4
**The Lune Rivers Trust Trustees Annual Report**
Designation of Unrestricted Reserve Funds should only be after the Emergency & Operating Reserve Funds thresholds have been met. Currently this means anything above a threshold of £58,000. There is currently no upper limit set for the Unrestricted Reserve Funds.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing documents, the Memorandum and Articles of Association. It constitutes a limited compnay, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
A total of 11 trustees have served throughout the year. Any new appointments are at the recomendation of the board.
## **Organisational structure**
The board of trustees must, as per the governing documents, have at least 4 trustees and not more than 20 serving at any one time. The entire board meets on a regular basis. If required individual committees meet in addition to full board meeting.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
M. Jackson Trustee 15 September 2021
Page 5
**The Lune Rivers Trust Independent Examiners Report**
## **Independent Examiner's Report to the trustees of The Lune Rivers Trust**
I report to the charity trustees on my examination of the accounts of The Lune Rivers Trust for the year ended 31 January 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the accounts of the 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
As 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 ACCA.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under 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
- the accounts have not been prepared in accordance with the Charities SORP (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.
Andrew Meiring ACCA Meiring & Co Unit 1 Strands Barn Strands Farm Lane Hornby Lancaster LA2 8JF 15 September 2021
Page 6
**The Lune Rivers Trust Statement of Financial Activities**
## **for the year ended 31 January 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Other
8
**Total**
**Expenditure on:**
Raising funds
9
Charitable activities
10
Other
11
**Total**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**2021**
**£**
6,339
31,792
520
323
-|**Restricted**
**funds**
**2021**
**£**
-
433,455
5,366
-
7,073|**Total funds**
**2021**
**£**
6,339
465,247
5,886
323
7,073|**Total funds**
**2020**
**£**
8,467
248,706
2,830
233
-|
|---|---|---|---|---|
||38,974
-
246
12,795|445,894
-
384,953
28,287|484,868
-
385,199
41,082|260,236
639
234,675
58,530|
||13,041
-|413,240
-|426,281
-|293,844
-|
||25,933
-|32,654
-|58,587
-|(33,608)
-|
||25,933|32,654|58,587|(33,608)|
||25,933
50,901|32,654
29,145|58,587
80,046|(33,608)
113,654|
||76,834|61,799|138,633|80,046|
Page 7
**The Lune Rivers Trust Summary Income and Expenditure Account**
## **for the year ended 31 January 2021**
|Income
Interest and investment income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income/(expenditure) before tax
for the year
**Net income /(expenditure )for the year**|**2021**
**£**
484,545
323
484,868
426,281
426,281
58,587
58,587|**2020**
**£**
260,003
233|
|---|---|---|
|||260,236|
|||293,844|
|||293,844|
|||(33,608)|
|||(33,608)|
Page 8
**The Lune Rivers Trust Balance Sheet**
## **at 31 January 2021**
|**Company No.**
**06489777**
**Notes**
**2021**
**£**
**Current assets**
Debtors
13
80,266
Cash at bank and in hand
211,467
291,733
**Creditors:**Amount falling due within one year
14
(2,100)
**Net current assets**
289,633
**Total assets less current liabilities**
289,633
**Creditors:**Amounts falling due after more than one year
15
(151,000)
**Net assets excluding pension asset or liability**
138,633
**Total net assets**
138,633
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
61,799
61,799
**Unrestricted funds**
16
General funds
76,834
76,834
**Reserves**
16
**Total funds**
138,633|**2020**
**£**
-
242,146|
|---|---|
||242,146
(2,100)|
||240,046
240,046
(160,000)|
||80,046|
||80,046|
||29,145|
||29,145
50,901|
||50,901|
||80,046|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 January 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 15 September 2021
And signed on its behalf by:
M. Jackson Trustee 15 September 2021
Page 9
**The Lune Rivers Trust Notes to the Accounts**
## **for the year ended 31 January 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use in accordance with the Reserves Policy on page 4 and then at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes.
- Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 10
**The Lune Rivers Trust Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 11
**The Lune Rivers Trust Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12
**The Lune Rivers Trust Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Donations
Gift aid
Talking rivers project
Membership scheme
Tebay Anglers
West Coast Railways
Barnoldswick Anglers
Bowland Game Fishing Assn
Lancaster & District AA|**Unrestricted**
**funds**
**2020**
**£**
8,467
2,501
1,004
233
12,205
-
707
20,880
21,587
(9,382)
(17,515)
(26,897)
(26,897)
77,798
50,901
**Unrestricted**
**£**
463
447
30
3,249
250
1,500
-
150
250
6,339|**Restricted**
**funds**
**2020**
**£**
-
246,205
1,826
-
248,031
639
233,968
37,650
272,257
(24,226)
17,515
(6,711)
(6,711)
35,856
29,145
**Total**
**2021**
**£**
463
447
30
3,249
250
1,500
-
150
250
6,339|**Total funds**
**2020**
**£**
8,467
248,706
2,830
233|
||||260,236
639
234,675
58,530|
||||293,844|
||||(33,608)
-|
||||(33,608)|
||||(33,608)
113,654|
||||80,046|
||||**Total**
**2020**
**£**
1,265
466
32
3,164
250
3,000
40
-
250|
||||8,467|
Page 13
**The Lune Rivers Trust**
**Notes to the Accounts**
|**The Lune Rivers Trust**
**Notes to the Accounts**|||||
|---|---|---|---|---|
|5
**Income from charitable activities**
Environment agency
The Rivers Trust
Yorkshire Dales National Park
Cumbria County Council
Forestry Commission
Lune & Wyre Fishing
Association
Lancaster City Council
RPA - WEG Projects
Other funding
Thames Estuary Partnership
6
**Income from other trading activities**
Steam train excursion
Fishing permits
7
**Income from investments**
Reserve account interest
8
**Other income**
Job Retention Scheme Grant|**Unrestricted**
**£**
-
-
-
-
-
-
500
31,292
-
-
31,792
**Unrestricted**
**£**
520
-
520|**Restricted**
**£**
107,970
58,757
-
-
-
-
-
264,728
-
2,000
433,455
**Restricted**
**£**
-
5,366
5,366
**Unrestricted**
**£**
323
323
**Restricted**
**£**
7,073
7,073|**Total**
**2021**
**£**
107,970
58,757
-
-
-
-
500
296,020
-
2,000
465,247
**Total**
**2021**
**£**
520
5,366
5,886
**Total**
**2021**
**£**
323
323
**Total**
**2021**
**£**
7,073
7,073|**Total**
**2020**
**£**
123,731
25,576
118
250
1,500
12,000
500
84,442
589
-|
|||||248,706|
|||||**Total**
**2020**
**£**
1,004
1,826|
|||||2,830|
|||||**Total**
**2020**
**£**
233|
|||||233|
|||||**Total**
**2020**
**£**
-|
|||||-|
Page 14
**The Lune Rivers Trust Notes to the Accounts**
9 **Expenditure on raising funds**
|_Fundraising trading costs_
Steam train excursion
10 **Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Catchment Partnership Fund
Talking rivers
TraC 2
Storymap
Greggs Community Fund
Cumbria NFM - Sedbergh
Cumbria NFM - Tebay
Patagonia World Trout
Life IP - Phase 2
Slow the Flow 2 - Galgate
WEG PM and Comm
WEG Mod1 - Skerton Weir
WEG Mod4 - Roeburndale
WEG Mod2 - Forgotten Farms
Cumbria NFM Rais Beck
WAMM
EA FIP Coatflats Weir
Halton & Skerton Fish Permits
EA FIP Fighting Back for our
Fish
_Governance costs_|**Unrestricted**
**£**
-
23
223
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
246|**Restricted**
**£**
26,416
-
-
250
20,745
20,169
49,533
-
-
15,203
15,010
15,312
14,315
186,479
1,900
14,903
-
1,020
3,698
384,953|**Total**
**2021**
**£**
-
-
**Total**
**2021**
**£**
26,416
23
223
250
20,745
20,169
49,533
-
-
15,203
15,010
15,312
14,315
186,479
1,900
14,903
-
1,020
3,698
385,199|**Total**
**2020**
**£**
639|
|---|---|---|---|---|
|||||639|
|||||**Total**
**2020**
**£**
13,132
446
10,073
29
195
31,892
21,937
56
16
6,541
5,234
38,466
8,028
49,272
19,914
12,252
205
16,987
-|
|||||234,675|
Page 15
**The Lune Rivers Trust Notes to the Accounts**
## 11 **Other expenditure**
|Habitat Herald and other
printing
Accountancy and IER
Premises costs
General administrative costs
12 **Staff costs**
No employee received emoluments in excess
13 **Debtors**
Trade debtors
14 **Creditors:**
amounts falling due within one year
Accruals and deferred income|**Unrestricted**
**£**
671
2,100
3,612
6,412
12,795
of £60,000.|**Restricted**
**£**
-
-
-
28,287
28,287
**2021**
**£**
80,266
80,266
**2021**
**£**
2,100
2,100|**Total**
**2021**
**£**
671
2,100
3,612
34,699
41,082|**Total**
**2020**
**£**
1,226
2,100
5,237
49,967|
|---|---|---|---|---|
|||||58,530|
|||||**2020**
**£**
-|
|||||-|
|||||**2020**
**£**
2,100|
|||||2,100|
||||||
|15 **Creditors:**
amounts falling due after more than one
year
Other loans||**2021**
**£**
151,000
151,000||**2020**
**£**
160,000|
|||||160,000|
Page 16
**The Lune Rivers Trust Notes to the Accounts**
## 16 **Movement in funds**
|**Restricted funds:**
**Restricted income funds:**
Catchment Partnership Fund
EA FIP Fighting Back for our
Fish
YDNP Parish Wildlife Project
Storymap
Greggs Community Fund
Cumbria NFM - Sedbergh
Cumbria NFM - Tebay
CCC - Japanese Knotweed
Slow the Flow 2 - Galgate
WEG PM and Comm
WEG Mod1 - Skerton Weir
WEG Mod4 - Roeburndale
WEG Mod2 - Forgotten Farms
Cumbria NFM Rais Beck
WAMM
Neighbourly TK Maxx
Halton and Skerton fishing
permits
_Total_
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
17 **Analysis of net assets between funds**
Net current assets
Creditors due in more than one year and
provisions|**At 1**
**February**
**2020**
25,786
-
2,607
1,778
(162)
15,599
4,253
329
2,616
(14,984)
16,170
(2,041)
(27,867)
4,786
248
200
(173)
29,145
50,901
80,046|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
22,073
-
-
-
30,000
6,547
66,423
-
20,000
42,174
8,000
6,232
214,579
-
24,500
-
5,366
445,894
38,974
484,868
**Unrestricted**
**funds**
**£**
240,659
-
240,659|**Resources**
**expended**
**£**
(26,671)
(3,698)
-
(250)
(20,745)
(22,486)
(49,533)
-
(15,203)
(40,725)
(15,312)
(14,315)
(186,479)
(1,900)
(14,903)
-
(1,020)
(413,240)
(13,041)
(426,281)
**Restricted**
**funds**
**£**
48,974
(151,000)
(102,026)|**At 31**
**January**
**2021**
**£**
21,188
(3,698)
2,607
1,528
9,093
(340)
21,143
329
7,413
(13,535)
8,858
(10,124)
233
2,886
9,845
200
4,173|
|---|---|---|---|---|
|||||61,799|
|||||76,834|
|||||138,633|
|||||**Total**
**£**
289,633
(151,000)|
|||||138,633|
Page 17
**The Lune Rivers Trust Notes to the Accounts**
## 18 **Reconciliation of net debt**
|**Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Borrowings
Net debt|**At 1**
**February**
**2020**
**£**|**Cash flows**
**£**|**At 31**
**January**
**2021**
**£**|
||242,146|(30,679)|211,467|
||242,146
(160,000)
(160,000)
82,146|(30,679)
9,000
9,000
(21,679)|211,467
(151,000)|
||||(151,000)|
||||60,467|
## 19 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
**The Lune Rivers Trust Detailed Statement of Financial Activities**
## **for the year ended 31 January 2021**
|**Income and endowments from:**
Donations and legacies
Donations
Gift aid
Talking rivers project
Membership scheme
Tebay Anglers
West Coast Railways
Barnoldswick Anglers
Bowland Game Fishing Assn
Lancaster & District AA
Charitable activities
Environment agency
The Rivers Trust
Yorkshire Dales National Park
Cumbria County Council
Forestry Commission
Lune & Wyre Fishing Association
Lancaster City Council
RPA - WEG Projects
Other funding
Thames Estuary Partnership
Other trading activities
Steam train excursion
Fishing permits
Investments
Reserve account interest
Other
Job Retention Scheme Grant
**Total income and endowments**|**Unrestricte**
**d funds**
**2021**
**£**
463
447
30
3,249
250
1,500
-
150
250|**Restricted**
**funds**
**2021**
**£**
-
-
-
-
-
-
-
-
-
-
107,970
58,757
-
-
-
-
-
264,728
-
2,000
433,455
-
5,366
5,366
-
-
7,073
7,073
445,894|**Total funds**
**2021**
**£**
463
447
30
3,249
250
1,500
-
150
250
6,339
107,970
58,757
-
-
-
-
500
296,020
-
2,000
465,247
520
5,366
5,886
323
323
7,073
7,073
484,868|**Total funds**
**2020**
**£**
1,265
466
32
3,164
250
3,000
40
-
250|
|---|---|---|---|---|
||6,339|||8,467|
||-
-
-
-
-
-
500
31,292
-
-|||123,731
25,576
118
250
1,500
12,000
500
84,442
589
-|
||31,792|||248,706|
||520
-|||1,004
1,826|
||520|||2,830|
||323|||233|
||323|||233|
||-|||-|
||-|||-|
||38,974|||260,236|
Page 19
**The Lune Rivers Trust Detailed Statement of Financial Activities**
## **Expenditure on:**
|Costs of other trading activities
Steam train excursion
**Total of expenditure on raising**
**funds**
Charitable activities
Catchment Partnership Fund
Talking rivers
TraC 2
Storymap
Greggs Community Fund
Cumbria NFM - Sedbergh
Cumbria NFM - Tebay
Patagonia World Trout
Life IP - Phase 2
Slow the Flow 2 - Galgate
WEG PM and Comm
WEG Mod1 - Skerton Weir
WEG Mod4 - Roeburndale
WEG Mod2 - Forgotten Farms
Cumbria NFM Rais Beck
WAMM
EA FIP Coatflats Weir
Halton & Skerton Fish Permits
EA FIP Fighting Back for our Fish
**Total of expenditure on**
**charitable activities**
Other expenditure
Habitat Herald & other printing
Accountancy and IER
Premises costs
Rent
General administrative costs
Trustees' expenses
PM and secretarial
Treasurer's remuneration
Secretarial expenses
General insurances
Meeting expenses
Subscriptions|-|-
-
-
26,416
-
-
250
20,745
20,169
49,533
-
-
15,203
15,010
15,312
14,315
186,479
1,900
14,903
-
1,020
3,698
384,953
384,953
-
-
-
-
-
-
19,217
9,070
-
-
-
-|-
-
-
26,416
23
223
250
20,745
20,169
49,533
-
-
15,203
15,010
15,312
14,315
186,479
1,900
14,903
-
1,020
3,698
385,199
385,199
671
2,100
2,771
3,612
3,612
-
19,367
11,920
620
1,715
36
457|639|
|---|---|---|---|---|
||-|||639|
||-
-
23
223
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|||639
13,132
446
10,073
29
195
31,892
21,937
56
16
6,541
5,234
38,466
8,028
49,272
19,914
12,252
205
16,987
-|
||246|||234,675|
||246
671
2,100|||234,675
1,226
2,100|
||2,771|||3,326|
||3,612|||5,237|
||3,612|||5,237|
||-
150
2,850
620
1,715
36
457|||81
38,000
7,505
2,208
1,163
87
419|
Page 20
## **The Lune Rivers Trust**
## **Detailed Statement of Financial Activities**
|**The Lune Rivers Trust**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|Sundry expenses
Payroll fees
**Total of expenditure of other**
**costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure)**
**before other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|253
331|-
-
28,287
28,287
413,240
-
32,654
32,654
-
32,654
29,145
61,799|253
331
34,699
41,082
426,281
-
58,587
58,587
-
58,587
80,046
138,633|375
129|
||6,412|||49,967|
||12,795|||58,530|
||13,041
-|||293,844
-|
||25,933|||(33,608)|
||25,933
-|||(33,608)
-|
||25,933|||(33,608)|
||50,901|||113,654|
||76,834|||80,046|
Page 21