OpenCharities

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

2025-03-31-accounts

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

Company No: 06489777 Charity No: 1127427

THE LUNE RIVERS TRUST

(A COMPANY LIMITED BY GUARANTEE)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

CONTENTS

Pages.
Reference and administrative information 1
Report of the trustees 2-5
Independent examiner’s report to the trustees 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flow 9
Notes to the financial statements 10-21

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

REFERENCE AND ADMINISTRATIVE INFORMATION


(Registered Company Number: 06489777)
(Registered Charity Number: 1127427)
Trustees/Directors M Hall
L Hodgson
A W J Hurst
M K Jackson
R J Jardine
G Murphy
A Todd
J J Walmsley
S M Mason
D Ridgway
Secretary T G Pitt
Registered Office Unit 2
Newton Holme Farm
Kirkby Lonsdale Road
Newton
Carnforth
LA6 2NZ
Independent Examiner
MHA
Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal
LA9 7RL

Page 1

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and the financial statements of the Trust for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Trust.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Trust’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities applicable in the UK and Republic of Ireland published in October 2019.

Structure Governance and Management

Governing Document

The charity is controlled by its governing documents, the Memorandum and Articles of Association. It constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Trustees of the Charity

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.

Recruitment and Appointment of the Management Committee

A total of 10 trustees have served throughout the year. Any new appointments are at the recommendation of the board.

Risk Management

The trustees have assessed the major risks to which the Trust is exposed, in particular those related to the operations and finances of the Trust and are satisfied that adequate systems are in place to mitigate any exposure to the major risks. A review of the risks was looked at during the year and adjustments made to policies and procedures where appropriate.

Objectives and Activities for Public Benefit

The main aims of the charity are:

Page 2

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Achievement and Performance

Charitable activities

The Trustees are pleased with charitable activities this year. During financial year 2024-25, the Trust has worked on the following projects:

The Trust also 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/ Defra.

The Trust has again undertaken the sale of fishing permits for the EA Halton and Skerton beats during the 202425 season.

Fundraising activities

The Trust (in partnership with West Coast Railways) ran a steam train trip to Carlisle to raise funds for the Trust.

During the last financial year, the Trust has submitted several further successful and unsuccessful funding applications:

In addition the Trust has invested the large upfront funding received from United Utilities at the end of financial year 23/24 into a high yield investment portfolio. This is generating significant interest, whilst the capital is steadily drawn down to support delivery of the projects.

The Trustees hope to build and expand upon all these projects in the future.

Page 3

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Financial Review

Reserves Policy

The purpose of this 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.

This policy sets out categories of funding that form Lune Rivers Trust reserve policy, along with the purpose of each category and the thresholds set.

Free reserves at the year-end are £110,000 (2024: £73,673). Free reserves are used to cover the Retained Fund, Operating Reserve Fund and Reserve Fund stated below.

Retained Fund

This is money retained in the current account, to be used in case there is a need to assist with the trust’s cash flow and to cover the cost of small unforeseen one-off expenses necessary for the functioning of the trust. These funds will be returned to the level set as soon as possible. Recommend this be set at £10,000 and expenditure approved by the Trust Manager.

Operating Reserve Fund

These are funds, which are funds not assigned to a specific project, are retained in an easy access account. 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 where external funding cannot be secured. Recommend that this is set at £25,000 and expenditure approved by the Trust Manager and the Treasurer.

Reserve Fund

These are funds that are placed in long term accounts and are for use in the case of a sudden, unforeseen, or catastrophic interruption of the trust’s funding stream. 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.

They are also intended to be used to meet the trust’s obligations, such as staff costs, including redundancy payment and office rental, whilst a solution is found, or the trust wound up.

The recommendation is that this is set at a target of a minimum of three months expenditure currently £100,000.

Any monies available to the trust over and above these amounts should be classed as investments and placed appropriately.

Page 4

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Trustees’ Responsibilities

The trustees (who are also directors of The Lune Rivers Trust for the purposes of company law) are responsible for preparing the Trustees’ Annual Report (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

By order of the Trustees

A Todd Chairman

Date: July 17, 2025

Page 5

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LUNE RIVERS TRUST

I report to the Trust trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 6 to 21.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACA, which is one of the listed bodies.

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

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

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

  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.

J McCabe FCA MHA Chartered Accountants Kendal House Murley Moss Business Village Oxenholme Road Kendal Cumbria LA9 7RL Date: July 17, 2025

Page 6

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)

FOR THE YEAR ENDED 31 MARCH 2025

Income from:
Donations and legacies
Charitable Activites
Other trading activities
Investments
3
Total
Expenditure (including recharges) on:
Charitable activities
Other
Total
4
Net gain / (loss) before other
recognised gains
2
Transfer between funds		 Unrestricted
Restricted
Total
Total
funds
funds
funds 2025
funds 2024
£
£
£
£
8,026
4,016
12,042
46,971
1,373
452,636
454,009
308,632
900
1,694
2,594
1,317
21,783
-
21,783
4,562
32,082
458,346
490,428
361,482
-
414,499
414,499
323,127
(4,746)
57,464
52,718
45,770
(4,746)
471,963
467,217
368,897
36,828
(13,617)
23,211
(7,415)
(591)
591
-
-
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 36,237
(13,026)
23,211
(7,415)
73,763
197,484
271,247
278,662
110,000
184,458
294,458
271,247

Page 7

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024 2024
£ £ £ £
Current assets
Debtors
Cash at bank and in hand		 7 74,407
953,696		 34,437
1,138,052
1,028,103 1,172,489
Creditors:amounts falling due within
one year 8 (733,645) (901,242)
Net assets 294,458 271,247
Funds:
Restricted funds 10 184,458 197,484
Unrestricted funds 9 110,000 73,763
Total funds 16 294,458 271,247

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

July 17, 2025

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

......................................

A Todd - Chairman

Company Registration Number: 06489777

Charity Number: 1127427

Page 8

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

STATEMENT OF CASH FLOW

FOR THE YEAR ENDED 31 MARCH 2025

Cash generated in operating activities
Cashflows from investing activities
Investment income
Cash provided by investing activities
Increase in cash and cash equivalents
in the year
Cash and cash equivalents b/fwd		 2025
2024
£
£
(206,139)
859,400
21,783
4,562
(184,356)
863,962
(184,356)
863,962
1,138,052
274,090
Cash and cash equivalents c/fwd 953,696
1,138,052
Net movement in funds
Investment income received
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Reconciliation of net movement in funds to net
cashflow from operating activities		 23,211
(7,415)
(21,783)
(4,562)
(39,970)
(21,563)
(167,597)
892,940
Net cash generated in operating
activities
Components of cash and cash equivalents
Cash at bank and in hand		 (206,139)
859,400
953,696
1,138,052
953,696
1,138,052

Page 9

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies

The Lune Rivers Trust is a company limited by guarantee in England and Wales.

Basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The Lune Rivers Trust meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of interest paid or payable by the Bank.

Going concern

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for a year of at least 12 months from the date the accounts are approved. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 10

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies ( continued )

Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. Any overspends are met by unrestricted funds.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Debtors and accrued income

Debtors are recognised at the settlement amount due after any trade discounts allowed. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Cash at bank and in hand

Cast at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due

Pensions

The charitable company operates a defined contribution pension scheme and the pension charge represents the amount payable by the charity in respect of the year. The assets of the scheme are held separate from those of the charitable company in independently administered funds.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2. Judgements and key sources of estimation uncertainty

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. In the opinion of the Trustees there have been no significant judgements made in the process of applying the above accounting policies. There have been no key assumptions concerning future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 11

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

2. Net Movement in Funds

Net loss is stated after charging:
Independent examination fees		 2025
2024
£
£
5,352
5,880
ent income
Bank interest receivable Total
Total
2025
2024
£
£
21,783
4,562

3. Investment income

4. Total expenditure (including recharges)

4. Total expenditure (including recharges)
Activity
Charitable activities
Staff costs
(see note 6)
Other		 Unrestricted
costs
Restricted
costs
Total 2024
£
£
-
128,699
128,699
-
194,428
194,428
1,469
44,301
45,770
1,469
367,428
368,897
Unrestricted
costs
Restricted
costs
Total 2025
£
£
-
181,200
181,200
-
233,299
233,299
(4,746)
57,464
52,718
(4,746)
471,963
467,217
Activity
Charitable activities
Staff costs
Other

Other costs

Accountancy fees
Premises costs
General administrative costs		 Unrestricted
Restricted
costs
costs
2025
2024
£
£
-
5,352
5,352
5,880
-
18,298
18,298
16,289
(4,746)
33,814
29,068
23,601
(4,746)
57,464
52,718
45,770

Page 12

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

5. Analysis of support costs

Salary /
Project Admin
management costs 2025 2024
£ £
Paul Arkle 2,355 585 2,940 -
Swire Trust 4,264 1,059 5,323 -
NEIRF Orton Cluster 1,033 257 1,290 -
Turning Tides- South 3,565 886 4,451 -
Pilling Farmer Engagement 1,422 353 1,775 -
3 Counties Rural Skills 324 81 405 -
Talking Rivers 399 99 498 -
The Big Give 6,368 1,582 7,950 -
North West Farm Hub 140 35 175 -
Castco - - - 5,761
UU Farm Engagement 73,778 18,327 92,105 89,583
Health & Environment Action Lancashire - - - 8,665
Garfield Weston Foundation 7,471 1,856 9,327 24,026
Orton Farm Cluster 2,733 679 3,412 3,316
Plugging the Gap - Keer Phase 1 40 10 50 4,573
CaBA 4,548 1,129 5,677 24,685
Cumbria NFM Sedbergh 171 42 213 1,490
EA Chemical Programme Keer - - - 2,419
EA Underspend Keer - - - 2,204
Greggs Urban Regeneration Fund - - - 7,855
Lancashire Woodland Connect 3,259 809 4,068 13,665
Natural Course Phase 4 - - - 11,020
RSPB Cumbria Connect 2,484 617 3,101 156
Slow the Flow Forrest Hills - - - 3,033
WEG e-fishing - - - 419
Westmorland Dales Landscape Partnership P - - - 2,297
Gravel Restoration - - - 5,341
Turning Tides - Keer 1,348 334 1,682 6,342
UU School Engagement 30,542 7,587 38,129 2,293
UU River Habitat Restoration 19,894 4,942 24,836 4,163
UU Conder NFM 18,993 4,718 23,711 2,844
UU Riparian Woodland 19,047 4,731 23,778 2,744
UU Farmer Engagement South 18,849 4,682 23,531 2,520
Dispelling the Myth 75 19 94 877
JBA Brantfekk NFM 1,945 483 2,428 78
225,047 55,902 280,949 232,368

Page 13

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

6. Directors and employees

Employee costs during the year
Wages and salaries
Social security costs
Pension costs
Other staff costs		 2025
2024
£
£
201,047
166,500
14,792
12,311
17,460
15,203
-
414
233,299
194,428

The average number of employees during the year was 6 (2024: 4).

There were no employees receiving more than £60,000 in the year (2024: Nil).

The directors received no remuneration or reimbursement of expenses during the year from the company (2024: Nil). The directors of the company are shown on page 1.

7. Debtors

ebtors
Trade debtors
Prepayments
Other debtors		 2025
2024
£
£
67,358
31,910
2,540
1,867
4,509
660
74,407
34,437
editors: amounts falling due within one year
Trade creditors
Accruals
Other creditors
Deferred income		 2025
2024
£
£
24,601
2,465
5,832
5,880
7,128
6,178
696,084
886,719
733,645
901,242

8. Creditors: amounts falling due within one year

9. Unrestricted Funds

At 1 April 2024
Net incoming resources for the year
Transfer to restricted funds
At 31 March 2025		 £
73,763
36,828
(591)
110,000

Page 14

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

10. Restricted Funds

Catchment Partnership Fund
Greggs Community Fund
Cumbria NFM - Sedbergh
Halton & Sketon Fishing permits
Lancashire Woodland Connect
Westmorland Dales Landscape Partnership
Orton Farm Cluster
LCC INNS
Talking Rivers
CastCo
Cumbria Foundation
Garfield Weston Foundation
Plugging the Gap - Keer 2
Slow the Flow Forrest Hills
UU Farm Engagement
RSPB Cumbria Connect
The Big Give
North West Farm Hub
Turning Tides - Keer
UU School Engagement
UU River Habitat Restoration
UU Conder NFM
UU Riparian Woodland
UU Farmer Engagement South
Dispelling the Myth
JBA Brantfell NFM
Paul Arkle
MM Upper Lune NFM
Swire Trust
NEIRF Orton Cluster
Gibson Legacy
Turning Tides- South
Batty EU
Cote Beck NFM Phase 1
Pilling Farmer Engagement
3 Counties Rural Skills		 Balance
Balance
01.04.2024
Incoming
Outgoing
Transfers
31.03.25
£
£
£
£
£
246
15,025
(7,015)
-
8,256
10,021
-
(1,026)
-
8,995
15,488
-
(229)
(7,732)
7,527
1,965
1,669
(89)
-
3,545
11,858
-
(5,216)
-
6,642
4,786
-
(329)
-
4,457
(131)
6,148
(6,017)
-
-
2,541
-
-
-
2,541
668
169
(849)
12
-
-
-
(13)
-
(13)
1,118
(2,481)
1,363
-
10,571
-
(10,577)
6
-
18,391
-
(6,117)
(2,370)
9,904
7,921
-
-
-
7,921
71,702
130,370
(181,951)
(919)
19,202
3,822
5,376
(3,352)
-
5,846
23,602
-
(9,692)
-
13,910
11,000
11,000
(449)
-
21,551
1,917
-
(4,287)
2,370
-
-
43,865
(42,502)
(1,363)
-
-
36,754
(29,022)
(7,732)
-
-
59,241
(59,241)
-
-
-
24,706
(24,706)
-
-
-
26,070
(26,070)
-
-
76
100
(93)
-
83
(78)
3,500
(2,708)
-
714
-
2,913
(3,486)
573
-
-
7,732
(23,195)
15,463
-
-
22,235
(6,704)
-
15,531
-
468
(1,388)
920
-
-
25,000
(324)
-
24,676
-
11,196
(10,518)
-
678
-
4,000
-
-
4,000
-
10,000
-
-
10,000
-
10,404
(1,912)
-
8,492
-
405
(405)
-
-
197,484
458,346
(471,963)
591
184,458

Page 15

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

10. Restricted Funds (continued)

10. Restricted Funds (continued)
Catchment Partnership Fund
EA FIP Fighting Back for our Fish
Greggs Community Fund
Cumbria NFM - Sedbergh
Cumbria NFM - Tebay
CCC - Japanese Knotweed
Slow the Flow - Gal & S Lancs
Slow the Flow - 2019 Galgate
WEG Project - all modules
Cumbria NFM Rais Beck
WAMM
Neighbourly TK Maxx
Halton & Sketon Fishing permits
Lancashire Woodland Connect
Westmorland Dales Landscape Partnership
Health Environmental Action Lancashire
Orton Farm Cluster
LCC INNS
Trac 2
Talking Rivers
Enforcement Undertakings
CastCo
Cumbria Foundation
E A Chemical Keer
E A Underspend Keer
Garfield Weston Foundation
Natural Course Phase 4
Plugging the Gap - Keer 1
Plugging the Gap - Keer 2
Slow the Flow Forrest Hills
UU Farm Engagement
RSPB Cumbria Connect
WEG Project Management & Comms
WEG e-fishing
The Big Give
Gravel Restoration
North West Farm Hub
Turning Tides - Keer
UU School Engagement
UU River Habitat Restoration
UU Conder NFM
UU Riparian Woodland
UU Farmer Engagement South
Dispelling the Myth
JBA Brantfell NFM		 Balance
Balance
01.02.2024
Incoming
Outgoing
Transfers
31.03.24
£
£
£
£
£
12,928
15,000
(27,682)
-
246
80
-
-
(80)
-
25,514
-
(15,493)
-
10,021
14,881
-
(1,671)
2,278
15,488
1,149
-
-
(1,149)
-
329
-
-
(329)
-
5,227
-
(30)
(5,197)
-
(95)
-
-
95
-
8,497
-
(2,200)
(6,297)
-
1,129
-
-
(1,129)
-
947
-
-
(947)
-
200
-
-
(200)
-
772
1,241
(48)
-
1,965
26,994
328
(15,782)
318
11,858
5,448
2,143
(2,805)
-
4,786
(619)
10,372
(9,435)
(318)
-
809
5,136
(6,076)
-
(131)
1,541
1,000
-
2,541
1,024
-
-
(1,024)
-
658
184
(174)
-
668
2,500
-
-
(2,500)
-
6,321
1,704
(6,159)
(1,866)
-
5,000
-
(3,882)
-
1,118
(1,100)
19,120
(15,962)
(2,058)
-
(955)
12,491
(8,554)
(2,982)
-
47,668
-
(37,097)
-
10,571
(893)
11,704
(15,781)
4,970
-
7,214
-
(45)
(7,169)
-
6,003
27,335
(24,616)
9,669
18,391
9,989
3,367
(10,536)
5,101
7,921
38,610
159,140
(126,048)
-
71,702
-
5,120
(1,298)
-
3,822
-
-
(632)
632
-
-
-
(419)
419
-
-
23,602
-
-
23,602
-
-
(6,141)
6,141
-
-
11,000
-
-
11,000
-
10,000
(10,020)
1,937
1,917
-
3,756
(3,756)
-
-
4,839
(4,398)
(441)
-
-
3,112
(3,112)
-
-
-
3,062
(3,062)
-
-
-
3,512
(3,512)
-
-
-
1,000
(924)
-
76
-
-
(78)
-
(78)
227,770
339,268
(367,428)
(2,126)
197,484

Page 16

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

11. Statement of Funds

Catchment Partnership Fund Working with multiple partners to produce a catchment plan, obtain funding and deliver the measures. Greggs Community Fund Community work on Newton Beck, Lancaster. Cumbria NFM – Sedbergh Plans and implementation of Natural Flood Management measures to protect Sedbergh.

Halton/ Sketon Fishing permits Sale of fishing permits to provide benefits to people who fish there, e.g a fishing platform for the disabled.

Lancashire Woodland Connect Working with landowners planting tress throughout the Lancashire part of the catchment. Orton Farm Cluster Working with Orton farmers on environmentally friendly farming. Talking Rivers Provision of talks and presentations to explain and promote our work to a wide variety of stakeholders and groups in society. Enforcement Undertakings Working with the EA to use fines they have imposed to improve the waterbody polluted (Conder). Cumbria Foundation Funding from the English Lakes Hotels Trust Sustainability Funds, through the Cumbria Community Foundation, to support the planting of trees at a project site in High Bentham and a rain garden at The Loyne school. Project runs until March 2025.

UU Farm Engagement Funding from United Utilities for engagement with farmers in the Tebay, Upper Wenning and Lower Lune areas. Also support for on-farm interventions to bring environmental improvements. A multi-year project that runs until March 2025. With any balance of project funds still held at the year-end to be used to finalise the project in the future.

The Big Give Funding from The Big Give Green Match Funding campaign, combined with private donations, for a project to monitor juvenile fish and White Clawed Crayfish throughout the catchment. Project runs until autumn 2025.

Page 17

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Statement of Funds (continued)

North West Farm Hub Funding from The Rivers Trust for a project to establish and support a farm cluster group in the Lower Lune. Project runs until November 2025. UU School Engagement Funding from United Utilities as part of an enforcement prosecution, supporting 5 projects including this one. A project to engage with schools in the Lower Lune area. Project runs until December 2026. UU River Habitat Restoration Funding from United Utilities as part of an enforcement prosecution, supporting 5 projects including this one. A project to restore river habitat in the Upper Lune. Project runs until December 2026. UU Conder NFM Funding from United Utilities as part of an enforcement prosecution, supporting 5 projects including this one. A project to implement Natural Flood Management in the Conder catchment. Project runs until December 2026. UU Riparian Woodland Funding from United Utilities as part of an enforcement prosecution, supporting 5 projects including this one. A project to implement riparian tree planting across the catchment. Project runs until December 2026. UU Farmer Engagement South Funding from United Utilities as part of an enforcement prosecution, supporting 5 projects including this one. A project to engage with farmers in the Conder catchment. Project runs until December 2026. JBA Brantfell NFM Funding from JBA Consulting to assist them supervise the construction of NFM interventions in Sedbergh. Project runs until December 2024. With any balance of project funds still held at the year-end to be used to finalise the project in the future. Paul Arkle Funding from a commercial Farm Advisor for staff time to assist with providing farm advice. Project runs until end 2025. MM Upper Lune NFM Funding from RSPB Cumbria Connect project to partially fund an NFM scoping study for the Upper Lune area. Project ran until end March 2025. Swire Trust Funding from Swire Trust to support core costs. Project runs until August 2025. NEIRF Orton Cluster Funding from the Orton Farm Cluster for staff time to assist with delivering their NEIRF development project. Project runs until end March 2025. Gibson Legacy A legacy donation from a previous Member. Ring fenced for a potential new activity. No time limit on the legacy but expected to be utilised by end of 2025. Turning Tides – South Funding from the Environment Agency for water quality monitoring in the Pilling area. Project runs until March 2025. With any balance of project funds still held at the year-end to be used to finalise the project in the future. This is an Enforcement Undertaking settlement from a landowner, to Batty EU be used for environmental work in the Conder catchment. This project will run until March 2026.

Page 18

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Statement of Funds (continued)

Cote Beck NFM Phase 1 Funding from HDH Wills for a Natural Flood Management project on Cote Beck near Lancaster. Project will run until March 2026. Pilling Farmer Engagement Funding from Wyre Council through the Our Future Coast project for engaging with farmers in the Pilling area. Project will run until March 2027. 3 Counties Rural Skills Funding from Yorkshire Dales Millennium Trust for research into the availability and gaps in rural skills in the lower Lune area. Project to run until August 2025. CCC - Japanese Knotweed Knotweed monitoring and control of this Slow the Flow - Gal & S Lancs Planning and implementation of NFM measures to protect Galgate. Slow the Flow- 2019 Galgate Measures to protect Galgate from flooding (retention pond and kested hedgerows) South Lancaster (ponds and wetland gardens) WEG Project- all modules Project Management and communications in relation to the top Lune Top to Bottom and Side to Side Water Environment Grant Projects. Turning Tides- Keer Funding from the EA for a short continuation of water quality monitoring in the Keer catchment. Project completed in March 2024 Cumbria NFM Rais Beck Plans and implementation of NFM Measures to protect Raisbeck Hamlet WAMM Monitoring and analysis of the Lune Estuary for microplastics. Neighbourly TK Maxx Volunteer work on the Keer footpath eg litterpicking WEG Project Mngt & Comms Funding from Defra. These are the last activities of a multi-year project. Activities completed in spring 2023. WEG e-fishing Funding from Defra. These are the last activities of a multi-year project. Activities completed in spring 2023. EA FIP Fighting Back for our Fish Fencing to protect fish habitat in the Upper Lune tributaries. Cumbria NFM- Tebay Plans and implementation of Natural Flood Management measures to protect Old Tebay.

Page 19

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Statement of Funds (continued)

Westmorland Dales Landscape Crayfish monitoring and e fishing in the Upper Lune.
Partnership
Health Environmental Action Developing walks to improve mental and physical health and creating
Lancashire tree and plants seed banks.
Plugging the Gap – Keer 1 & 2 Working with farmers on the River Keer to improve water quality
including infrastructure audit, nutrient management plans and
community work.
LCC INNS Monitoring and controlling Himalayan Balsam on the Lower Lune
Trac 2 Community project to clean up Newton Beck, raise eels in the
classroom and release them into the beck.
CastCo Funding from the English Lakes Hotels Trust Sustainability Funds,
through the Cumbria Community Foundation, to support the planting
of trees at a project site in High Bentham. Project runs until March
2024. With any balance of project funds still held at the year-end to be
used to finalise the project in the future.
E A Chemical Keer Funding from the Environment Agency Chemicals Programme. A
short project from December 2022 to March 2023 for water quality
monitoring in the Keer, looking at certain chemical pollutants.
E A Underspend Keer Funding from Environment Agency underspent funds. A short project
from December 2022 to March 2023 for water quality monitoring in the
Keer, looking at general pollution issues.
Natural Course Phase 4 Funding from The Rivers Trust for the last phase of the Natural
Course project, looking at general pollution issues in the Keer
catchment. Runs until the end of 2023.
Gravel Restoration Funding from Lune & Wyre Anglers, originally for the Skerton weir
project but reassigned with their permission, for a small project to
improve fish spawning habitat in the Upper Lune. Project completed in
summer 2023.
Dispelling the Myth Funding from the EA for a small project to look at data on water
resources availability in he Lune catchment. Project completed in
March 2024. With any balance of project funds still held at the year-
end to be used to finalise the project in the future.

12. Defined contributions

2025
2024
£
£
Contributions payable by the company for the year 17,460
15,203

Page 20

Docusign Envelope ID: 2778DCC8-2E22-4C7E-87F5-803560235817

THE LUNE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

13. Capital commitments

There were no capital commitments at 31 March 2025 or 31 March 2024.

14. Contingent liabilities

There were no contingent liabilities at 31 March 2025 or 31 March 2024 other than a general obligation to repay grants where the agreed services are not ultimately provided.

15. Taxation

As a charity, Lune Rivers Trust is exempt from tax on income and gains falling within sections 472-474 of the Corporation Tax Act 2010, section 478-489 of the Corporation Tax Act 2010, or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

16. Analysis of Net Assets Between Funds

nalysis of Net Assets Between Funds
Restricted funds
Unrestricted funds
General funds
Total funds		 Fixed
Net current
assets
assets
2025
£
£
£
-
184,458
184,458
-
110,000
110,000
-
294,458
294,458
Restricted funds
Unrestricted funds
General funds
Total funds		 Fixed
Net current
assets
assets
2024
£
£
£
-
197,484
197,484
-
73,763
73,763
-
271,247
271,247

17. Related parties

There were no related party transactions in the current or previous year.

18. Control

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

Page 21