**REGISTERED COMPANY NUMBER: 06832672 (England and Wales) REGISTERED CHARITY NUMBER: 1128953** 

## **REPORT OF THE TRUSTEES AND** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **FOR** 

## **TEES RIVERS CHARITABLE TRUST** 

Ribchesters Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW 



**TEES RIVERS CHARITABLE TRUST** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|22|





## **TEES RIVERS CHARITABLE TRUST (REGISTERED NUMBER: 06832672)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The aim of the charity is to conserve, protect, rehabilitate and improve the rivers, streams, watercourses and water impoundments of the catchments compromising the river Tees and its tributaries including adjacent water courses, estuarine and coastal areas. Also to raise understanding of the need for, and benefits of conservation, protection, rehabilitation and improvement of aquatic environments. 

## **Public benefit** 

The charity's aims and achievements are set out within this report. The activities set out in this report have been undertaken to further the charity's charitable purposes for public benefit. The trustees have compiled with the duty under Section 4 of the Charities Act 2011 to have due regard to public benefit guidance by the Charities Commission and the Trustees have paid due regard to this guidance in deciding what activities the charity should undertake. 

Page 1 



**TEES RIVERS CHARITABLE TRUST (REGISTERED NUMBER: 06832672)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Charitable activities** 

At the beginning of this financial year, the UK like much of the rest of the world was heading into lockdown in the face of a global pandemic. However, despite the numerous challenges of finding ways to work virtually and safely, this year has been one of growth, innovation and opportunity for the Tees Rivers Trust. 

Covid19 has masked out much of the change in direction of support for the agriculture sector, but as this moves more towards a rewards based system for provision of ecosystem services, we are working closely with our farming community to investigate opportunities for opening new markets and diversifying operations. 

Over the years it has become obvious that there are opportunities for us to generate income through provision of professional services and practical delivery. Therefore in May we registered a new for Profit Company as a trading arm to generate money for the Trust. The company is called Nature Based Solutions Ltd and between May and December, we acted as Principle Contractor for the delivery of a natural flood management scheme at Coatham Woods. The Environment Agency was the client and this work has now been adopted by them as an asset, and the designers were ARUP consultants. 

The Coatham scheme has reduced flood risk in Stockton by creating an additional 35000 cubic metres of water storage upstream of the town. For the Trust, this was a great end to the INTERREG -funded FRAMES project which has been running for the last 3 years. Over this time we have worked across the Lustrum Beck catchment and delivered farm advice and practical measures to improve the wider permeability of the catchment whilst increasing resilience to flooding and making savings on farm. 

Our wider farming advice work has continued and has focussed on the Langley Beck catchment through our Water Environment Grant-funded scheme. Here we have been carrying out PINPOINT arm advice visits and recommending measures that reduce risk of run off whilst also making a business saving, either directly or more generally by de-risking the holding from infraction through breach of codes of good agricultural practice. We have funding to implement measures and these range from installing flood gates to upgrading guttering to roofing muck stores. 

As the FRAMES project drew to a close, our work on another EU INTERREG - funded project continued at a pace. Improving Measures for Sustainable Estuaries (IMMERSE) has seen phase one of a pilot site of new intertidal habitat creation completed near the Newport Bridge in Middlesbrough. The aim of this site is to demonstrate what can be done and for what cost. The biodiversity units created by the new habitat are of value to developers and will be available to purchase in order to mitigate for habitat lost elsewhere. This model will enable further work to take place with the aim of creating a pipeline of funded schemes. 

The other element of the project is a feasibility study investigating the potential for co-locating an aquaculture scheme with the Tees inshore wind farm. This has led to our receiving some seed corn funding from Natural England to begin development of some sea grass pilot sites in Tees Bay. Sea grass meadow is increasingly rare and supports a huge range of species as well as sequestering carbon. Improving the tidal sections of the Tees and marine environment in the estuary have wide reaching benefits for the wider catchment and the Trust are proud to be able to say that we are now working at a complete catchment scale. 

At the other extreme of the catchment, we have been developing schemes to remediate old metal mine spoil heaps in a bid to reduce the amount of heavy metals (lead and zinc) from entering the water. Given the immense scale of metal mining in Teesdale, this is a challenging project and we are working in partnership with the Environment Agency and local farmers to make sure that measures will not themselves cause issues for management and are sited in the most appropriate places. 

As ever, we have benefitted enormously from the generous input of time that we receive from a growing army volunteers. People have given their time helping with activities including electrofishing, litter picks, eel monitoring at  the Tees Barrage and river fly surveys. However, by far the most time is given to our continuing fight against invasive non-native plant species along the river. This year over 250 people have helped by giving over 500 days' worth of time to this work. We have treated 84km of riverbank in our bid to eradicate giant hogweed from the Tees and make it a  safer place to enjoy. 

Page 2 



## **TEES RIVERS CHARITABLE TRUST (REGISTERED NUMBER: 06832672)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

Increased numbers of people along the river has been a silver lining to the covid cloud with people discovering or rediscovering the river to swim in, walk along, be beside or fish in. We have seen a huge uplift in the number of people wanting to clean up the river and volunteer and also taking up angling. This has seen many angling clubs who were previously struggling for members now having to keep waiting lists. It has also seen people taking advantage of our new Tees Angling Passport which we are hoping will support local anglers as well as attract new visitors to the area and make use of the great offer that the Tees hospitality trade presents. Supporting the local economy is one of the objectives of the Trust and the TAP is proving to be a good way of doing this. 

Another core objective is education, and although we have not been able to run our usual River lab sessions in schools as well as the beck, we have now established a permanent riverlab site which enables classes of up to 30 pupils to come and get their feet wet and learn about the river. The 2 focuses of this years teaching have been giant hogweed and salmon, the latter funded through the international year of the Salmon. 

The year ended most positively with a successful bid to the Green Recovery Challenge Fund. This is for a project expanding our pilot biological control of invasive species work and will spread a rust fungus amongst Himalayan balsam plants throughout the Tees. 

## **FINANCIAL REVIEW** 

## **Review of financial activities** 

During the year the Charity received income of £610,526 (2020: £506,985). At the 31 March 2021 the free reserves of the charity amount to £303,276 (2020: £191,049). 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 

06832672 (England and Wales) 

## **Registered Charity number** 

1128953 

## **Registered office** 

Clocktower Lodge South Park Darlington DL1 5TG 

## **Trustees** 

M Hannaford M C Lucas E Maltby C H Noble D J Simpson R M Wilson P V Zissler A Oughtred (appointed 20/10/2020) O Shepherd (appointed 20/10/2020) 

## **Independent Examiner** 

Ribchesters Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW 

Page 3 



**TEES RIVERS CHARITABLE TRUST (REGISTERED NUMBER: 06832672)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

Approved by order of the board of trustees on 22 December 2021 and signed on its behalf by: 

D J Simpson - Trustee 

Page 4 



## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEES RIVERS CHARITABLE TRUST** 

## **Independent examiner's report to the trustees of Tees Rivers Charitable Trust ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. 

## **Responsibilities and basis of report** 

As the charity's 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 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** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICEAW 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 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. 

David Holloway BA FCA DChA ICEAW Ribchesters Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW 

22 December 2021 

Page 5 



## **TEES RIVERS CHARITABLE TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021** 

|Unrestricted<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>**Charitable activities**<br>3<br>Conservation, protection & education<br>143,540<br>Investment income<br>2<br>100,069<br>**Total**<br>243,609<br>**EXPENDITURE ON**<br>**Charitable activities**<br>4<br>Conservation, protection & education<br>131,186<br>**NET INCOME**<br>112,423<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>191,875<br>**TOTAL FUNDS CARRIED FORWARD**<br>304,298|Restricted<br>funds<br>£<br>366,911<br>6<br>366,917<br>300,670<br>66,247<br>212,348<br>278,595|2021<br>Total<br>funds<br>£<br>510,451<br>100,075<br>610,526<br>431,856<br>178,670<br>404,223<br>582,893|2020<br>Total<br>funds<br>£<br>506,815<br>170|
|---|---|---|---|
||||506,985<br>486,421|
||||20,564<br>383,659|
||||404,223|



The notes form part of these financial statements 

Page 6 



## **TEES RIVERS CHARITABLE TRUST (REGISTERED NUMBER: 06832672)** 

## **BALANCE SHEET 31 MARCH 2021** 

|Unrestricted<br>funds<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>10<br>1,026<br>Investments<br>11<br>1<br>1,027<br>**CURRENT ASSETS**<br>Debtors<br>12<br>62,913<br>Cash at bank<br>270,804<br>333,717<br>**CREDITORS**<br>Amounts falling due within one year<br>13<br>(30,441)<br>**NET CURRENT ASSETS**<br>303,276<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>304,303<br>**NET ASSETS**<br>304,303<br>**FUNDS**<br>14<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>funds<br>£<br>-<br>-<br>-<br>19,129<br>348,961<br>368,090<br>(89,500)<br>278,590<br>278,590<br>278,590|2021<br>Total<br>funds<br>£<br>1,026<br>1<br>1,027<br>82,042<br>619,765<br>701,807<br>(119,941)<br>581,866<br>582,893<br>582,893<br>304,303<br>278,590<br>582,893|2020<br>Total<br>funds<br>£<br>826<br>1<br>827<br>88,602<br>320,522<br>409,124<br>(5,728)<br>403,396<br>404,223<br>404,223<br>191,875<br>212,348<br>404,223|
|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

continued... 

Page 7 



## **TEES RIVERS CHARITABLE TRUST (REGISTERED NUMBER: 06832672)** 

## **BALANCE SHEET - continued 31 MARCH 2021** 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2021 and were signed on its behalf by: 

D J Simpson - Trustee 

The notes form part of these financial statements 

Page 8 



## **TEES RIVERS CHARITABLE TRUST** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Purchase of fixed asset investments<br>Interest received<br>Dividends received<br>Net cash provided by investing activities<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end of**<br>**the reporting period**|2021<br>£<br>199,927<br>199,927<br>(759)<br>-<br>75<br>100,000<br>99,316<br>299,243<br>320,522<br>619,765|2020<br>£<br>50,662<br>50,662<br>-<br>(1)<br>170<br>-<br>169<br>50,831<br>269,691<br>320,522|
|---|---|---|



The notes form part of these financial statements 

Page 9 



## **TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021** 

|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**|
|---|---|---|---|
|||2021|2020|
|||£|£|
||**Net income for the reporting period (as per the Statement of Financial**|||
||**Activities)**|178,670|20,564|
||**Adjustments for:**|||
||Depreciation charges|560|475|
||Interest received|(75)|(170)|
||Dividends received|(100,000)|-|
||Loans received from related party|23,881|-|
||Decrease in debtors|6,561|32,258|
||Increase/(decrease) in creditors|90,330|(2,465)|
||**Net cash provided by operations**|199,927|50,662|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**|||



||At 1.4.20|Cash flow|At 31.3.21|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank|320,522|299,243|619,765|
||320,522|299,243|619,765|
|**Total**|320,522|299,243|619,765|



The notes form part of these financial statements 

Page 10 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. 

## **Critical accounting estimates and areas of judgement** 

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## Critical accounting estimates and assumptions: 

The charitable company makes estimates and assumptions concerning the future. There are no resulting accounting estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 

## Critical areas of judgement: 

Depreciation - Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the economic life of that asset. An estimate of the useful life of the assets is detailed in the depreciation policy. 

## **Income** 

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

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Plant and machinery - 20% on cost Computer equipment - 33% on cost 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

continued... 

Page 11 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES - continued** 

## **Financial instruments** 

The charitable company 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. INVESTMENT INCOME** 

## **3.** 

|**INVESTMENT INCOME**|||
|---|---|---|
|Distribution from subsidiary<br>Interest receivable<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Activity<br>Grants<br>Conservation, protection & education<br>Grants received, included in the above, are as follows:|2021<br>£<br>100,000<br>75<br>100,075<br>2021<br>£<br>510,451|2020<br>£<br>-<br>170<br>170<br>2020<br>£<br>506,815|
||2021|2020|
||£|£|
|Environment Agency|67,981|138,603|
|National Lottery Heritage Fund|106,398|-|
|Northumbrian Water|-|110,000|
|Natural England|-|3,645|
|Water Environment Improvement Fund|25,000|-|
|Interreg North Sea Region|168,236|28,341|
|Darlington Borough Council|12,300|65,475|
|Groundwork NE|19,724|63,810|
|Garfield Weston Foundation|-|30,000|
|The Sustainable Eel Group|8,627|12,940|
|Macdonald Hotels|-|14,000|
|Durham Wildlife Trust|-|20,706|
|Animal and Plant Health Agency|9,177|13,290|
|Water Environmental Grant|24,947|-|
|Stockton Borough Council|31,350|-|
|Rudby Parish Council|19,323|-|
|Others|17,388|6,005|
||||
||510,451|506,815|
||||



continued... 

Page 12 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **4. CHARITABLE ACTIVITIES COSTS** 

|**4.**<br>**CHARITABLE ACTIVITIES COSTS**|||
|---|---|---|
|Support<br>Direct<br>costs (see<br>Costs<br>note 5)<br>£<br>£<br>Conservation, protection & education<br>415,165<br>16,691<br>**5.**<br>**SUPPORT COSTS**<br>Governance<br>Management<br>costs<br>£<br>£<br>Conservation, protection & education<br>14,372<br>2,319<br>**6.**<br>**NET INCOME/(EXPENDITURE)**<br>Net income/(expenditure) is stated after charging/(crediting):<br>2021<br>£<br>Depreciation - owned assets<br>559|Totals<br>£<br>431,856||
|||Totals<br>£<br>16,691|
|||2020<br>£<br>475|



## **7. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

## **Trustees' expenses** 

Expenses of £378 (2020: £367) were paid to a trustee as reimbursement for travel expenses. 

## **8. STAFF COSTS** 

|Wages and salaries<br>Social security costs<br>Other pension costs<br>The average monthly number of employees during the year was as follows:<br>Employees|2021<br>£<br>207,500<br>14,469<br>14,673<br>236,642<br>2021<br>9|2020<br>£<br>184,397<br>13,120<br>10,898|
|---|---|---|
|||208,415|
|||2020<br>8|



No employees received emoluments in excess of £60,000. 

continued... 

Page 13 



## **TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

|**9.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>Restricted<br>funds<br>funds<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>**Charitable activities**<br>Conservation, protection & education<br>154,188<br>352,627<br>Investment income<br>166<br>4<br>**Total**<br>154,354<br>352,631<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Conservation, protection & education<br>127,114<br>359,307<br>**NET INCOME/(EXPENDITURE)**<br>27,240<br>(6,676)<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>164,632<br>219,027<br>**TOTAL FUNDS CARRIED FORWARD**<br>191,872<br>212,351<br>**10.**<br>**TANGIBLE FIXED ASSETS**<br>Plant and<br>Computer<br>machinery<br>equipment<br>£<br>£<br>**COST**<br>At 1 April 2020<br>1,700<br>1,870<br>Additions<br>-<br>759<br>At 31 March 2021<br>1,700<br>2,629<br>**DEPRECIATION**<br>At 1 April 2020<br>1,020<br>1,724<br>Charge for year<br>340<br>219<br>At 31 March 2021<br>1,360<br>1,943<br>**NET BOOK VALUE**<br>At 31 March 2021<br>340<br>686<br>At 31 March 2020<br>680<br>146|Total<br>funds<br>£<br>506,815<br>170|
|---|---|
||506,985<br>486,421|
||20,564<br>383,659|
||404,223|
||Totals<br>£<br>3,570<br>759<br>4,329<br>2,744<br>559<br>3,303<br>1,026<br>826|



continued... 

Page 14 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **11. FIXED ASSET INVESTMENTS** 

|**FIXED ASSET INVESTMENTS**||
|---|---|
||Unlisted|
||investments|
||£|
|**MARKET VALUE**||
|At 1 April 2020 and 31 March 2021|1|
|**NET BOOK VALUE**||
|At 31 March 2021|1|
|At 31 March 2020|1|



There were no investment assets outside the UK. 

The company's investments at the balance sheet date in the share capital of companies include the following: 

## **Nature Based Solutions Limited** 

Registered office: The Clocktower Lodge, Parkside, Darlington, DL1 5TB Nature of business: Landscape service activities 

|%<br>Class of share:<br>holding<br>Ordinary<br>100<br>Aggregate capital and reserves<br>Profit for the year<br>**12.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>Prepayments & accrued income<br>**13.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Amounts owed to group undertakings<br>Social security and other taxes<br>Other creditors<br>Accruals and deferred income|2021<br>£<br>966<br>100,965<br>2021<br>£<br>78,142<br>1,133<br>2,767<br>82,042<br>2021<br>£<br>23,882<br>4,639<br>-<br>91,420<br>119,941||2020<br>£<br>-<br>-<br>2020<br>£<br>-<br>-<br>88,602<br>88,602<br>2020<br>£<br>-<br>3,987<br>1<br>1,740<br>5,728|
|---|---|---|---|
|||||
|||||



Page 15 

continued... 



## **TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>Development Fund<br>Reorganisation fund<br>**Restricted funds**<br>Barnard Castle Weir Project<br>Cocker Reconnected<br>Tees Operation Hogweed<br>RTR Alien Invaders<br>RTR Riverlab<br>Bright Water<br>Metal Mines 2<br>RTR Fish For Tees<br>Lustram Beck<br>The Centre for Agriculture and Bioscience<br>International<br>IMMERSE project<br>WEG and Billingham Beck<br>Gills for Gill<br>**TOTAL FUNDS**|At 1.4.20<br>£<br>111,875<br>60,000<br>20,000<br>191,875<br>7,622<br>38,511<br>27,081<br>-<br>13,745<br>36,872<br>-<br>-<br>43,152<br>426<br>37,364<br>7,575<br>-<br>212,348<br>404,223|Net<br>movement<br>in funds<br>£<br>112,428<br>-<br>-<br>112,428<br>-<br>(700)<br>(2,432)<br>2,950<br>(1,963)<br>(6,115)<br>3,904<br>(14,732)<br>(8,576)<br>3,641<br>64,805<br>3,438<br>22,022<br>66,242<br>178,670|Transfers<br>between<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(2,950)<br>(11,782)<br>-<br>-<br>14,732<br>-<br>-<br>-<br>-<br>-<br>-<br>-|At<br>31.3.21<br>£<br>224,303<br>60,000<br>20,000|
|---|---|---|---|---|
|||||304,303<br>7,622<br>37,811<br>24,649<br>-<br>-<br>30,757<br>3,904<br>-<br>34,576<br>4,067<br>102,169<br>11,013<br>22,022|
|||||278,590|
|||||582,893|



Page 16 

continued... 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Cocker Reconnected<br>Tees Operation Hogweed<br>RTR Alien Invaders<br>RTR Riverlab<br>Bright Water<br>Metal Mines 2<br>Frames<br>RTR Fish For Tees<br>Lustram Beck<br>The Centre for Agriculture and Bioscience<br>International<br>IMMERSE project<br>WEG and Billingham Beck<br>Gills for Gill<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>243,609<br>-<br>77,517<br>3,932<br>-<br>-<br>15,793<br>31,579<br>12,942<br>36,403<br>8,527<br>130,276<br>24,948<br>25,000<br>366,917<br>610,526|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(131,181)<br>112,428<br>(700)<br>(700)<br>(79,949)<br>(2,432)<br>(982)<br>2,950<br>(1,963)<br>(1,963)<br>(6,115)<br>(6,115)<br>(11,889)<br>3,904<br>(31,579)<br>-<br>(27,674)<br>(14,732)<br>(44,979)<br>(8,576)<br>(4,886)<br>3,641<br>(65,471)<br>64,805<br>(21,510)<br>3,438<br>(2,978)<br>22,022<br>(300,675)<br>66,242<br>(431,856)<br>178,670|
|---|---|---|



continued... 

Page 17 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|At 1.4.19<br>£<br>**Unrestricted funds**<br>General fund<br>84,632<br>Development Fund<br>60,000<br>Reorganisation fund<br>20,000<br>164,632<br>**Restricted funds**<br>Barnard Castle Weir Project<br>7,622<br>Cocker Reconnected<br>18,213<br>Catchment Sensitive Farming<br>1,269<br>Tees Operation Hogweed<br>113,621<br>RTR Riverlab<br>19,565<br>Bright Water<br>5,227<br>Lustram Beck<br>51,892<br>The Centre for Agriculture and Bioscience<br>International<br>740<br>IMMERSE project<br>878<br>WEG and Billingham Beck<br>-<br>219,027<br>**TOTAL FUNDS**<br>383,659<br>Comparative net movement in funds, included in the above are as follows:|Net<br>movement<br>in funds<br>£<br>27,243<br>-<br>-<br>27,243<br>-<br>20,298<br>(1,269)<br>(86,540)<br>(5,820)<br>31,645<br>(8,740)<br>(314)<br>36,486<br>7,575<br>(6,679)<br>20,564|At<br>31.3.20<br>£<br>111,875<br>60,000<br>20,000|
|---|---|---|
|||191,875<br>7,622<br>38,511<br>-<br>27,081<br>13,745<br>36,872<br>43,152<br>426<br>37,364<br>7,575|
|||212,348|
|||404,223|
||||



|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Cocker Reconnected<br>Catchment Sensitive Farming<br>Tees Operation Hogweed<br>RTR Alien Invaders<br>RTR Riverlab<br>Bright Water<br>Frames<br>RTR Fish For Tees<br>Lustram Beck<br>The Centre for Agriculture and Bioscience<br>International<br>IMMERSE project<br>WEG and Billingham Beck<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>154,355<br>35,000<br>3,645<br>12,465<br>4,249<br>25,483<br>43,454<br>7,150<br>42,972<br>-<br>1<br>141,191<br>37,020<br>352,630<br>506,985|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(127,112)<br>27,243<br>(14,702)<br>20,298<br>(4,914)<br>(1,269)<br>(99,005)<br>(86,540)<br>(4,249)<br>-<br>(31,303)<br>(5,820)<br>(11,809)<br>31,645<br>(7,150)<br>-<br>(42,972)<br>-<br>(8,740)<br>(8,740)<br>(315)<br>(314)<br>(104,705)<br>36,486<br>(29,445)<br>7,575<br>(359,309)<br>(6,679)<br>(486,421)<br>20,564|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(127,112)<br>27,243<br>(14,702)<br>20,298<br>(4,914)<br>(1,269)<br>(99,005)<br>(86,540)<br>(4,249)<br>-<br>(31,303)<br>(5,820)<br>(11,809)<br>31,645<br>(7,150)<br>-<br>(42,972)<br>-<br>(8,740)<br>(8,740)<br>(315)<br>(314)<br>(104,705)<br>36,486<br>(29,445)<br>7,575<br>(359,309)<br>(6,679)<br>(486,421)<br>20,564|
|---|---|---|---|
||||(6,679)|
||||20,564|



continued... 

Page 18 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>Development Fund<br>Reorganisation fund<br>**Restricted funds**<br>Barnard Castle Weir Project<br>Cocker Reconnected<br>Catchment Sensitive Farming<br>Tees Operation Hogweed<br>RTR Alien Invaders<br>RTR Riverlab<br>Bright Water<br>Metal Mines 2<br>RTR Fish For Tees<br>Lustram Beck<br>The Centre for Agriculture and Bioscience<br>International<br>IMMERSE project<br>WEG and Billingham Beck<br>Gills for Gill<br>**TOTAL FUNDS**|At 1.4.19<br>£<br>84,632<br>60,000<br>20,000<br>164,632<br>7,622<br>18,213<br>1,269<br>113,621<br>-<br>19,565<br>5,227<br>-<br>-<br>51,892<br>740<br>878<br>-<br>-<br>219,027<br>383,659|Net<br>movement<br>in funds<br>£<br>139,671<br>-<br>-<br>139,671<br>-<br>19,598<br>(1,269)<br>(88,972)<br>2,950<br>(7,783)<br>25,530<br>3,904<br>(14,732)<br>(17,316)<br>3,327<br>101,291<br>11,013<br>22,022<br>59,563<br>199,234|Transfers<br>between<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(2,950)<br>(11,782)<br>-<br>-<br>14,732<br>-<br>-<br>-<br>-<br>-<br>-<br>-|At<br>31.3.21<br>£<br>224,303<br>60,000<br>20,000|
|---|---|---|---|---|
|||||304,303<br>7,622<br>37,811<br>-<br>24,649<br>-<br>-<br>30,757<br>3,904<br>-<br>34,576<br>4,067<br>102,169<br>11,013<br>22,022|
|||||278,590|
|||||582,893|



continued... 

Page 19 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>397,964<br>**Restricted funds**<br>Cocker Reconnected<br>35,000<br>Catchment Sensitive Farming<br>3,645<br>Tees Operation Hogweed<br>89,982<br>RTR Alien Invaders<br>8,181<br>RTR Riverlab<br>25,483<br>Bright Water<br>43,454<br>Metal Mines 2<br>15,793<br>Frames<br>38,729<br>RTR Fish For Tees<br>55,914<br>Lustram Beck<br>36,403<br>The Centre for Agriculture and Bioscience<br>International<br>8,528<br>IMMERSE project<br>271,467<br>WEG and Billingham Beck<br>61,968<br>Gills for Gill<br>25,000<br>719,547<br>**TOTAL FUNDS**<br>1,117,511|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(258,293)<br>139,671<br>(15,402)<br>19,598<br>(4,914)<br>(1,269)<br>(178,954)<br>(88,972)<br>(5,231)<br>2,950<br>(33,266)<br>(7,783)<br>(17,924)<br>25,530<br>(11,889)<br>3,904<br>(38,729)<br>-<br>(70,646)<br>(14,732)<br>(53,719)<br>(17,316)<br>(5,201)<br>3,327<br>(170,176)<br>101,291<br>(50,955)<br>11,013<br>(2,978)<br>22,022<br>(659,984)<br>59,563<br>(918,277)<br>199,234|
|---|---|



Movements on individual funds are shown above. 

The purpose of each fund is as follows: 

## **Unrestricted General fund** 

These funds represent unrestricted resources available for the general work of the charity. 

## **Development fund** 

These funds are to cover costs where any potential future grant would be paid in arrears. 

## **Reorganisation fund** 

These funds will act as a contingency fund in the event any major restructuring which is required. 

## **EA Billingham** 

This project carried out feasibility and options for re-wetting an area of Billingham Country Park in anticipation of A19 widening. Included drone surveying and ground condition surveys in relation to fish passage at weir. 

## **Coatham NFM** 

This project was undertaken by Nature Based Solutions Ltd under contract from EA and sub contracted to Ebsford Environmental Ltd. Created 3ha of Natural Flood Management Feature. 

## **Teeswale** 

This is a new Lottery-funded project being led by the NPAONB. TeRT are delivering fish passage solutions at Eller Beck and metal mine remediation. 

## **EA Fish for Tees** 

continued... 

Page 20 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. MOVEMENT IN FUNDS - continued** 

This project looked at feasibility and options for fish passage at 6 barriers to fish migration on a number of Tees sub-catchments. 

## **Living Leven** 

This is EA seedcorn money to develop a significant (circa £3m) bid to fund a catchment scale project looking at climate change resilience and soil management. 

## **EA Gills to Gill Beck** 

This project provided funding to install a bridge at a weir on Eller Beck. Money not drawn down with exception of small amount for tendering and project management due to covid. 

## **The River Tees Catchment Partnership** 

This is a DEFRA - funded partnership for which the Tees River Trust is host and which is delivering the Catchment Based Approach in the Tees. 

## **Cocker Beck Reconnected** 

Working with local community groups, Darlington Borough Council, Northumbrian Water, this EA-funded project has investigated and modelled the feasibility of partially reconnecting Cocker Beck with its original course in Darlington to meet the Skerne. 

## **Tees Operation Hogweed** 

Tees Operation Hogweed is a Heritage Funded project to identify and remove Hogweed in the Tees area. 

## **Metal Mines 2** 

The Trust was commissioned by the EA to investigate sources of metal contamination in Harwood Beck in the Upper Tees and cost a series of remediation measures. 

## **Bright Water** 

This is a Heritage Lottery funded partnership project working to improve the River Skerne Catchment. 

## **Frames** 

Flood Resilient Areas by Multi Layered Safety is an EU INTERRED funded programme and the TeRT is  leading on a pilot project in Lustrum Beck as part of this. 

## **Lustrum Beck Water Environment Grant** 

The project tackles diffuse agricultural pollution issues and fish passage within the Lustrum beck catchment. 

## **CABI** 

The northern region for CABI. The two year project aims to help CABI establish sustainable biological control alternatives to chemical and/or mechanical methods for these two invasive non-native plants. 

Implementing Measures for Sustainable Estuaries (IMMERSE) 

The project aims to accelerate the implementation of large-scale measures that address multiple estuary management challenges, while increasing their cost-efficiency and enhancing stakeholder commitment. Tees Rivers Trust is one of the 11 project partners focus on 7 estuaries in the North Sea Region. 

## **Transfers between funds** 

As at 31st March 2021, two projects came to a close. It was agreed with the funder that the excess money within those projects could be transferred to RTR Fish For Tees, as the income for all projects was received under one funder and one overall budget. Therefore an amount of £14,732 has been transferred from RTR Alien Invaders and RTR Riverlab to the RTR Fish For Tees fund. 

continued... 

Page 21 



**TEES RIVERS CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **15. RELATED PARTY DISCLOSURES** 

During the year a trustee of the charity has provided contract spraying services totalling £14,550 (2020: £19,725). 

During the year the charity received a donation from its 100% owned subsidiary company of £100,000. 

During the year the charity provided an interest free loan to its subsidiary company. As at 31st March 2021 the amount outstanding was £23,882 (2020: £Nil). 

Page 22