REGisfERED CONIPANY NU￿lBER. 06832672 (England Wales) REGigfERED CHARITY TriUMBER: 1128953 REPORT OF THE TRUSTEES AI%D AUDITED CONSOLIDATED FINAf*CIAL sfATEMENTS FOR THE YEAR ENDED 31 TrIARCH 2024 FOR TEES RIVERS CHARrrABLE TRLlSt Sumer Audiico Linjited The Beehi%¢ Building Beeliive Ring Road Craivley RH6 OPA TEES RIVERS CHARITABLE TRUS[ CONTEf+iTS OF THE FINANCIAL STATEMENTS FOR THE I'EAR ENDED31 .MARCII 2024 Page Report of the Trnstee5 R¢port of ihe I￿de￿nd¢￿t A￿dItOrS 7 10 9 Consoli(lated StAtemeTrl of Fingnci#l Aflivities 10 C011501id•ted Balallce Shtti Ch#rity BAlance Shett 12 ConsolidAted Cash Fl(bW St*lerneDt 13 Notes to the Cowolidated Cash Trlow Si•tem¢n¢ 14 Notes to the Con501idAted FI￿ne1&1 Siatements 15 10 26 TEES RIVERS CHARITABLE TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 hlARCH 2024 The inisitts who are also directors of lh¢ ¢hari¢y for the purposes of the Companies Aci 2006. preseiit their rew>rt ivith tlie Coiisolidated financial statements of ihe charit). and its siibsidiar), for tlie year ended 31 IKq8rch 2024. The trLlStees liaye adopted the provisiot)s of A¢¢ounling and Reporting by Charities= Siaiement of Recommend¢d Pra¢ii¢¢ applicable to charities prcparing th¢ir accounts in accordan¢e ii'irh Ihe Finaneial Rew)rting Standard appljtable in ihe UK and Republic Of Ireland IFRS 102) (effettiv¢ l January 2019). OBJECTIVES AND AcfiviTIES ObjectiTr'es aims The aiin of the charity is to ¢on5eTve. protect, rehabilitt* and imptvye the rivers. streams, Ivaier¢oiirses aiid ivatei inipoundment5 of ihe catchin￿ltS compromising the river Ttts and its lributaiies iIitluding adjactnl water coiirses, es1uari￿C ajid coastal areas. Also, 10 TaisE understanding of the need for. and benefits of conservation, PTOtcclion, Tehabilitation and ijiiprovemeni of aquatic environments. Public benefjl The charity's ainis and achieyemcnts ar¢ set out Ivithirl ihi5 rew)rf. The a¢iivilies sei out in this report have beeii undertaken to further the charity's charitable PUr￿seS for public b¢n¢fit. The tTl￿te¢S have compiled M'ith tli¢ diity under Section 4 of the Charities Aci 2011 to haye due regard io publi¢ benefit guidance by ihe Charities Commission aiid the Trust¢e5 have paid due regard to this guidance in deciding iyhal activilÉes tlie clJari¢y should undertake. Pa8e I TEES RIVERS CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE I'EAR ETriDED 31]¥IARCH 2024 AcHIEvE￿IENT AN'D PERFOR￿.[ANcE Charitable Hctivities Tlie Tees Rivers Tnist is a chaTilable or8anisation ¢ommit¢ed to improving and ¢onserYing the Riv¢r Tees. Ils iyork is vaTIEd aiid covers the ivhole of the caichtiient from Cross Fell io ihe North Sea. Kt}' areas of iitsrk are research. educatioii oiid practical habitat improvements. The Trust is also pTDud lo the host organisation for the Yoiir Tees CateliJnEnl Partnership. The TTU51 ivork5 closely ivith many comrniiniry grotsps aTLd the Tee5 and its ttibu¢irie5 benefit greatly from the ￿'ork that tliey put into impioving local water eourses. Fmm Fell-side lo Tee55ide. The Tees Rivers Trust is the only conservation body ¢onimitt¢d solel), to the managejiienl and improvenienl of ilie ivliole of thE Tees Calchnient. The Trnisi. purpose is to iniprove artd conserve the water quality and habitat of the Tees and its Iribiiiaries. We Mork i*Jth Tnany partiiers to achi¢ve this ive benefit fmm the g(￿)dwi1] of voluTrie¢rs in delivering projects. The Tces drains an area of alrnosi 2000km2 atKI receives wai¢r ihat has floived through or over a huge range of landscap¢s. Ive are i1￿rkIng at a ivhole4ai¢hment scale to improi'e the Tiver. This means iiorking ivith people such as lattd iiianager4 farniers and plannen as Closely as ive do iviih ihose directly involved iyitli the river. Folloiwng a year of groivth and expansion inio r]ew areas of in 22123. this year has seen the Trust takin8 a significant step change. In fvJar¢h 20?4 ive completed ihe piirchase of a 392 acre land holding nehr Sedgefiem iyhich will enable lis to establish a biodiYersiÈy Del gain demoThsiraiion site. education hub artd tomniunity resourc¢ lvhilst also enabling u5 to engage as a seller with green finance Tnarkets and generdte unrestricted funds to further our ividtr ratchment ivork. This is the beg￿nn111B of an incredibly exciting chapter in th¢ Trusv history and ive look forivard to reporting on progre55 in svbsequenl years. The Board and Staff ieam have iyorkcd iogeiher lo refresh our business plan and, ithilst our founding ainis and objectives remain iinchanged, Ive Imve agreed ihe folloiving= Our vision #nd key objetlivés The Tn15V purpose is ¢0 restore and protect the ￿￿ter ellvironmej￿ and h¢ritsge of the Tees and its Iribuiaries- source to sea. Environtnental Ambition= Fa¢iliiate and iindertake resvJrch activities; fvlake habiiai and connectivity io)pmvemeDI iiicrease biodiversiiy, adapt to and mili8ate the irnpact of climate Change. Economie Ambition: Create opportiinilie5 using Ihe river and ivaler envimnmeiit lo eiicourage local businesses, Rclively contribute to Ihe developnient of Ih¢ green finance markei in ihe Tees. facilitate job crealion and 5UPPOrt SotiAI Ambition.. Engaging Ivlth and edurating prople to research. iinprove. value and enjoy ihe ivater environment. Our yeAr in numbers Voliiiilttr liours Trees planred Sea grass seeds harvested from ouroiyn stock Length of i*lLtercourse improved Iveirs renioved Numb¢r of school pupils engaged 5780 ￿UrS J21? 784 23km Actii'ity Summary Last year ive reported on the cliallenges iyt are all facing ivith regard io rncieasitTrgl}'ls and galleries throughoui the catch]nent. Education runs through almost all of our projects and djis year ive have hosted 5 iwrk placement students from lo¢&1 secondary schools as well a5 SUPPOrting a masters research Student. We have been collaborating i¥ith Durhani, Neivcasile Tee55ide Uiiiv¢rsiiies on iyork aroutml cariy)n capture and s¢questralion, invasive species and soil health. Farni ellgagenient remains a ¢rttical pan of our a[￿ at the ¢nd of the financial year ihe Thriving Catchm¢nts Partnership {TCI began its phase 2 deliveti.. This is 8n initiative deieloped by The Rivers Tn]st and Nortliumbrian Water and funded by lh¢ laiier_ TC is testing the poientiAI for reducing pli()sphaiE loading into water Coutses via nutrient balaiicing at a catchinenl ￿a[C is opposed io ihe Strippiiig phosplia¢e ftom waste at Sel￿ge treatment works. Soiirce apportionmeni modellins li[￿enak.en by YIV a￿1 i'erified by EA has identified that if P is treated at catchment, li iyill bring leve15 of P I￿thin acceptable pardnielefs Lhtoiighout the ivatereourse. Thi5 iTrvestniettt inio caichment improvenients p)lenlially has much ivider benefits for the ivatereoiirse in iemis of habitaL iTh)rphology aiid soil healili. The Tee5 RT has employed a Catchment M8nager for the Leven and Clow Beck catchments and redeployed our senior agriculiurdl advisor 10 iindertake the iyor The Trust continll¢s its hosting iole for the Te¢s Cat¢hmcnt Parfnership ivhich is & strnte8i¢ group that brings togeiher 16 Tepresentatives from stakeholder groups thioughout the Te¢$ including Local Autknritie5, Agencie5 and eNGOs. The process of refreshing updating the Tees Caichmcni Plan 1175 comnienced iii hlar¢h and the paniiership has agreed to eslab115h three focus groiips to develop slrdtegies for Access, Water Quality Cliinate Change AdapiatLOlI. The Tnjst receives £1Sk fTr)rti DEFRA to IK)St the parthership and this year denh)nstrated that the reiurn for DEFRA inve5tmtnl is in the r¢gion of 6..1. Tlie TCP has also siippon¢d the development of S￿￿¢a￿kmc￿t groups a￿1 ive noiv have an activ¢ group in the Leven. Tlie Tmst has been %tive In ihis c&tchmeni for 14 yeats and are IJ0￿. ￿OrkIrtg wilh the Leveii group to develop tlie next phase of the Living Leven projecl. This is fo¢ussing on ￿lI heal(h, acttsg climate adaptation and water mana8em¢nt. This i¥as lh¢ fitbal full year of delivery foT the Tees OperJiion Hogweed project ivith a final confereiice to b¢ held early next year. This NLHF project has been a treme￿10￿9 $￿CeSS and has established a Strong netivork of local action groiip5. trained niany volunieers lo identify ￿ld irvat invisiye non-native spe¢ie5, enabled ILS 10 work ￿ltI7 partners on biological cojilrol methods aiid esiablished ihe Trnst as a hub foT INNS nianagem¢Iit on the Te¢5. We are ainiing 10 biiild oli this ivork aiid e115ure iljai tlie gain5 iyhicli hal'e been made by the Trust sin¢e 2010 coiitinue io be n￿de. Ive hai'e begun planniiig for jie.xi yearfs work and despite the liLHF funding ending. Iiave committed io under%vriliiig the cojitinuarion of IKNS control •$ * core acliyity of our work iTr the eveni additional fuiidin8 is secured. Last year ive r¢wJrted on ihe desigtialioij ofihe Tees as a Nutrient XleiilTrl catclinieiii and our wrk ￿o￿lId this as part of our Natiiral F.nYiroilme￿t Investnient Readiness Fuijd projeci. T]iroii8h thi5 i￿OrK. ali op￿AuJi11j, arose for the TtLlSt to purchase Galley Laiv, a 392 acre land IK>lding neaT Sedgefleld. T]iis Pu￿has¢ ivas eon)pleied at the eiTrd of the fiiiRncial year ￿ld is a peimal￿t1[ endoivment governed by a Col￿rVation covenani betiveeii ihe Tnist and Natiiral En8land. Page 3 TEES RIVERSCHARITABLE TRUST REPORT OF THE TRusfEES FOR THE YEAR EliDED31 %IARCH 2024 Galley Laiv represents a $i￿lfiCant slep change for the T￿￿t and ivill enable us kn develop al) op]x)rtuiiity for a neiv entry young farmer io take on the iiianagernenl of the land and help us to develop biodiversity uniis thai we will aim to sell lo help fund n)HnagrmeDt of ihe holding 8$ well as our wider ¢aichmenl ivork. Ill¢ ivill ivork ivith the local commuiiities of Trimdon and Fi5hbum to understand ii'hai the). iiould like to see us do ivitli this public Spa￿ aiid also creale a learnin8 centre for schools and a denK)nstration area for famis to come aijd see hoiv lo create a variety of habitats. Inv¢siing ii) siaff training and eontiniied profe55ional deVelOpn￿￿1 is a prioriiy for the Trust and upskilling remaiiis a foc115 Of thi5 year and one whieli ive %¥ill aim to coniinue in order to Ix)Ili gtve statT the opportiinily to develop tlieir professional base a5 11.ell as ertablin8 U5 lo build on our ￿)SitIOn as a trusted and robusr delivery parnnei and in¢rea5e our comtnercial offer. FINANCIAL REVIEW Revie￿. tsf financial *ctpvities Diiring the year the group received in¢om¢ of £6.964.831 (2023= £1.36S.502). At the 31 March 2024 the free reserves of the group ainouttl lo £426,21812023= £281.1031. I"he Board are saiisfied iviih th¢ fina￿la1 perforniance and posiiion of Ihe charity. InYe5tment policy The Board reviews the level of SUTpII15 funds and hold5 tIKbse fu￿A5 in appropriat¢ loiv risk bank deposit ac¢ounts. Reserves policTr' The Trust holds reserves 10 ensur¢ adequate funding foT the continuation and completioji of current projects and to fvnd planijiiig of fiiiure projecis. The Trust. w)licy is lo ensure that there are adequate fvTids to ¢over fundiiig Claims made in arrears. rediindancies and a year's operdting cost. The chatity has a¢bieved ihis objective at yearend. Going concern The Board is ¢onfideThi ihai the charity is in a strong fJnanci81 position and has adequate reseTves ajid fiinding to continiie 10 4Jeliver it5 activities for the foreseeable rutll￿. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing doeumtnt Tlie charity is controlled by its governing dociimenl. a de¢d of inst. and constitutes a limited company. lirnited by guaraiitee, as defjned by the Companies A¢1 21)06. The Tru4 is affiliated ivith the Rivers TnLSt. The Trustees bDard cornprjse nieTnbers who hab'e in inter￿t in ihe aiins of the Twst. The day-lo-day operat10115 are delegated b)- ihe Trusi¢¢s io Ihe Senior fvlanagenienr Team ISMTI Ivho liaise reBiilarly i*ith the Trustees. The SNIT repxjrts on a fo¥nthl basis to the Trustees Rl Board Jneetijigs, ￿hleh are held quarterly. Re£TLlIt￿e￿¢ appointnient of Dew Irust¢es The Trustees Tegularly assess the balan¢¢ of Thr Board aJLd ihe experience and skills which it has. Indiiction and irgining of ne*. tru$tee5 All neiv board members are provided with 511PP(Trrt and advic¢ so thai ih¢y understand their poiver5 and responsibilities. Risk inAiJagement The Tnisie¢s Iiave a duly to identify aiid revieiy the rtsk5 to ithicli ilie c]￿rItY is expx)sed and 10 ensure appropriate conitols are in place 10 provide reasonable as5urdnce against fralld and error. The Board of Tnistee5 meet regularly to discuss such risks. Page 4 TEES RIVERS CHARITABLE TRusr REPORT OF THETRusfEES FOR THE I'EAR El*DED 31 NIARCH 2024 REFERENCE AND ADTrI1NI￿RATjVE DETAII Rpgistered Company nurnber 06832672 (England and Ivales) R¢gistEred Charity numb¢r 1128953 Registereil office Clocktower Lodg¢ Soiiih Park DaTlington DLI STG TTliStees M Haiinaford E fvlaliby C HNobl¢ D J Simpson R M Wilson P V Zissl¢r (resigned 71612023) A Oughtred O Shepherd Senior P*lanxgeN)ent Tel B Lamb Avdilor5 Suiner Audit¢0 Limiteil The B¢ehive Building B¢ehiv¢ Ring Road Craivley Gativick RH6 OPA Pag¢ 5 TEES RIVERS CHARITABLE TRusr REPORT OF THE TRugfEES FOR THE YEAR Eh"DED31 hlARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILrrIES The tTUSte¢s {Ivho are a150 the directors of T¢¢s Jknvers ChaTitable Tnist for the purposes of ¢onipaTry lam.) are respoiisible for preparing the Report of ihe Trustee5 and the financial slalements in awordan¢e i¥ith gpplicable laiv &nd United Killgdoiii Aceounling Sthndards {L'niied kingdom Generally Accepied A¢ttsui)ling Prdclice) including Fiiiancial R¢porting Siandard 102"The FinRncial Reporting st￿￿ard applit3ble iri the UK and Republic of Ireland" Con)pany laiv re411ir¢5 the trustees to prepare financial slaltments for each financial y¢ar Ivhich give a trne and fair vieiv of ¢he slate of affairs of the charitable ¢ompAny and of the incoming resources and applica¢ion of resoiirce5, incliiding Ilie income and expenditure, of the charitable compajiy for ihat peri(*l. In preparing t11o5e fiiiancial slaleniet)ts, (he trustees are required to Select siiitable accoiintin8 policies and ihen apply Iheni con51Stently- observe the methods and princjples In ¢h¢ Charity. SORP. n)ake judgenienls aiid eslimales thai are Tvasonable and prudent- prepar¢ the financial slaienients on ihe going concern basis wiless ir is inappropriate to presutne thai tli¢ charitabl¢ toilip￿lY isill continiie in busine5S. The truslees are responsible for keeping proper accol￿ting records ivhich di%105e iiith reasonable accurdcy at any time the financial posilion ofthe charitable conipany and w enable ihem to etbsure that the finaiicial statements comply iviih the Cojnpanies Aci 2006. They are also responsible for safeguardivg the asset5 of tlie charitable company and hence for taking reasonable steps for the preventioti athd d¢ieciioD of fraud and other irregularities. In so far as the trustees aTe alva￿. there is no relevanl audit inforn)aiion of ivhich the charitable compan>"s auditors are unaware. and the triistees have taken all steps that they ought to have taken to make ihemselves aivare of any relevant audit infornjation and to e5tabli5h that the avditors are aivare of th* infomation. AUDITORS The aiidiiors, Sumer Auditco Limited, Ivill be prO￿sed for re-appoinrmeni ai the forthconiing Annual General Meeting. This report li& been prepared in accordance %%iih the special provisions of Part 15 of the Compaiiies Act 2006 relating to si￿all conipanies. Approved by order of the board of tnistees on ..lkn.1.1212LE.. and signed on its behalf by-. D J Sinipson- Trusi¢¢ Page 6 REPORT OF THE INDEPENDENT AUDITORSTO THE hlEMBERS OF TEES RIVERS CHARITABLE TRusr Opinion We have aiidtted the financtal staiem¢nts of Tee5 Rivers Charitable Trust {the 'parent chariiabl¢ conipaiiy'l and ils 511b5idiary I'ihe group'l for ilie >ear ended 31 Ma￿h 20?4 i¥hich coniprise ihe Group Siatemejil of Financial Aetivities, the Groiip Balance Sheet, the Group Cash Floiv Staiemtnt and notes 10 the financial staiemenis. in¢ludin8 a siiinmary of significant accoiinling policie5. The finan¢ial re￿￿rtIng framei¥ork thai has been applied in their prepardiion is applicable laiv and Uiiii¢d Kingdom Accouniing Siandards {Lniied Kingdom Gerterall) Accepted A¢¢ouiiiing Practice), in¢liidiTr8 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland,. In our opinion the financial stsiemeTrts.' give a true and fwr vieiv of the stale of ihe ¢h#ritable cot)Jpany's affairs as al 31 March 2024 alid of ihe gmup's Incoming resoiirces aJ]d appli¢aiion of ￿SOurces. i￿l￿dIrtg ils income aiid expenditure. for ihe yeai then ¢Trded,. hav¢ b¢¢n properly prepared in a￿Ordance iiiih Uniled Kiiigdom Generallj AcceplEd Accounting Prn¢ric< including Fil￿ncIal Rewrting Standard 102 'The FitW]ctal R¢p)rting Siand8rd appltcable in the UK and Republic of Ireland and have been prepared in ac¢ordance ivith the requiretnents of the Companies Act 2006. Ba5]5 for opinio Ive ¢ondiicied our audit iii aetordance ivith Intemalional Standards on Audiliiig IUK) (ISAS {UK)l and applicable laiv. Oiir re5ponsibiliti¢s under those standaTd5 are funher d¢s¢ribed in the Alldiiors. r¢srK)nsibiliiies for the aijdil of Ilie financial statements 5tction of our report. Il'e are indepeiidejit of Ihe group aEJd parent ¢haritsble eoinpany in accordance iviih ihe ethical requir¢ments that are relevant to our audii of the financial stai¢menis in the UK, iiieluding the FRC'S Ethical Standard, and we have fiiifilled our oiher eihicftl responsibilities in accordance wilh ihese requireTnents. We b¢lieve thai the audit evide￿¢ ive have obtsined is suificiejil and appropriate to Provide a basis for our opinion. Conclrssions relating to going eoncern Iii aiiditing the financiel s¢aieTnenls, Ive I￿ve concluded ihat the irustees. use of the going concern basis of acctsunling i the preparation of the financial statements is appropriale. Based 011 the work we have peifomled, haye nol identified any mateTial uncertainties telaiiiig to evenis or ¢ondilion5 thai, individiially or collectively, may casi significant dollbi on the group or parent charitable compan}'s ability to Contiiiiie a5 a goiiig Concern for a period of * least tii'elve monihs froni ivhen the financial 51atemenis are autliorised for Our responsibilities and the responsibiliiies of the trnsttts with respect lo going concern are des¢ribed in the relevai)t sections ofihis report. Oiher inforniation The triisiee5 responsible for the other infomiation. The oiher infoTmalion ¢ompTiSe5 the infornialion included in tlie Anniial Report, oiher Ilijn the financial 5tatetnents and ollr Rew)rt of the Independent Aiidirors Iliereon. Oiir opinion on ihe financial statenients does cover the other inforjnation and except to the exlert¢ oiherivise explicitly staled in our repor( we do b￿1 expr¢5s any fonn of asSUra￿t conclusion ihereon. In conneetion iyiih our aiidit of Ihe financial 5tateJnenls. tsur responsibiliiy Is to read the otlier informatiot] and. in doing 50, coiisidet ivhether the other inforniatioii is maierially inconsisieni with (he finan¢ial MJternent5 or out knoivledge obtained in the audit or othe￿VIse appears 10 br rnateriall). missthied. If ideniify Such Inaterial in¢ollsistencies or appareiit inai¢rial mi55talements, Iv¢ are iequired to detertnine ivhether this giles rise to a n￿[trIal rnis5tatenieiit in Ihe financ￿￿1 siateiii¢Trls themselves. If. based on the iwrk ii"e haie perfomied. Ive conclude Ihat there is a niatcrial Inissla(ement of thls other infoniiation. Ive are required to report ihai faci. We have noiliiiig 10 report in this regard. Oiilnlons oil other m#t¢ers pre5cI-ibed l)y the ComwAnies Act 2006 In oiir opinioii, based on tlie ivork undertaken in the collrse ofthe audii-. the infonnaiion given in tlie Report of the Trusw for the fJnan¢ial year for ithi¢h ilir financial statenlenis are prepAred is coiisi51eni iviih the financial ststetDents' atml Ilie Report of the Tnistees has been prepared in aecordance iviih applicabl¢ legal Tequiremcjits. Page 7 REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF TEES RIVERS CHARITABLE TRUST lfitter5 on whieh we nre required to report by txeeption In the light of the kno%i'ledge and llnd¢rsianding OF the group atyj p8reTrl charitable company and its envin)niiient obiained in the course of the audiL i¥e haye nDt identifted mo*rial nii5Statements in ihe Rew>rt of the Trnstees. Ve have noiliing to repon in respect of the following matters iitheTe the Companies Aci 2006 iequires L15 to rep)rt to you if. itt oiir opinion.. adequate accounring records have not ￿trI kept or raurns ad¢quate for our audii have tM)t been Teceived froTn branchcf not visited by iis.. or Ilie finan¢ial siaiements are not in agfftTnent iviih the accounting records and ielurns. or certain dis¢losiires of trustees, remuneration specified by laiv are not made. or Ive have not received all the informalioji and explaTraiions li'e Tequiwe for our alldii.. or tlie trustees ii'tre not entitled to tak¢ advatltage of ihe small companies exemption ftDtn the requireineni io prepare a gtrdtegic Report or in preparing ihe Re￿rt of the Trustee Resi)oiisibilities of trnstees As expljined more fully in the Statement of Trustees, Responsjbiliiies. the truslces (who aT¢ a150 the directors of tlie harilable company for the purposes of cotnpany laiv) are reswnsible for the preparaiion of Ilie fjnancial siatenient5 and for being satisfied that they give a irue and fair vieiv, 8nd lor such ijiternal conirol as the lThstees delerniile is necessary enable the preparaiioj) of financial statements Ihat are free from Ma￿rial misstatemenL ivhether diit to fraud or error. In prepaTin8 the financial staterllents, the ITUStee5 are responsible for assessing ihe groiip's and parent chaTltablE eornpany's ability to continlie as a going concern, disclosing. as applicable, matteT5 T¢laled to going concern and using the going ¢on¢ern basis of aceounling unles5 the Irustees either iThleiJd io liquidate the group or tlie paTent chRritable company or to ccase op¢raiions. or haye no realistic alternative bui 10 do so. Our responsibilitles for the Audit Df Ihe finxiifiil statements Our objectives are lo obtain wsonable assurance kniil ￿hether Ihe fIt)anci￿ staternents as a whole are free from niaieiial niisstatement, Ivhether due to fraiid or error. and to issue a Re￿rt of the Independent Auditors tliat includes our opinion. Reasonable assurance is a high Ityel of assurance. but is not a guaiaiit¢e ihat an audit conducted i accordan¢e iviih ISAS (UK} Ivill aliyays detect a material mi5Sth*ment ivhen it exists. Nlisstatejneiits tan arise froin fraud or t￿￿T and are considered material if, indiwidually or in the 8ggregate. they could reasonably be expected to influence the ecojioiiiic dcci5ions of us¢rs laken on the basis of ihese fjnancial 5raienients. The extent to ivhich oiir procedures are Capable of deiecting irregularities. in¢luding fraiid is detailed beloiv= Oiir audit niust be alert lo the risk of manipulaiion of the fifftaDcial siaiements and s¢¢k io UlMier5tand the inceniives and opportuiiities for managenient to achieve ¢hi5. Ve iindertake Ilie folloiving pro¢ediire5 to idejiiify and resFoTrd io these nsks Df non-compliance.. tlie engageinent partner etbsiired that th¢ ¢ngag¢menl leain colleciively h&d ihe appropTial¢ compelence. ¢apabilities and skills to identify or recognise non-compliance ivith applicable la1￿ and reglllalions.. wt ideiiiified ¢h¢ la¥Trs a[￿ regulaiions applicable to ihe chariiable company through discussions iviih managenieni and from our knowledge and experience ofthis secLOr' ve focussed on specific laiis and regiilaiion% ￿thIch constd¢r¢d n)ay have a direct material effect on the financial sialenTr¢n15 or the operaiions of the cliarilable conipan).. including tlie Charities Acis. Coiiipaiiie5 Acts, tax leB151alion. employnieni, ￿VIronMental and h¢81(h and Safety legisl￿10￿. we assessed tlie extejit of coiiipliance ibiili rhe iaiys and regulatiotis ideTrlified aFM)ve through making enquiries of management and it]spe¢¢ing legal correspandence; alld ideiiiified laivs and regulalion5 Ivere ¢ommunicaled i¥ithin tlje audit team regularly and the team reii)aiiJed alert to instance5 of noii-compliaiice throiigl¥)lli the aiKlit. We assessed the 5115eepiibilily of the charilable compony'5 financial sialements to Inaterial misstHtemenl. including obiainillg an iinderstanding of holy fTaiid mighi octiir. b).: making enqiiiries of nianagemenl as lo where they coThsid¢r¢d there i￿5 a susc¢piibility to fraiid. their knoiwledge of acttial, siispecied and alleged fraud,. coiisidering the iiiternal eonlrols in place to miiigaie risks of fra￿1 at)d Jion-cotnpliaiice iviih laiis and Tegulations. Page REPORT OF THE INDF.PF.NDENT AUDITORS TO THE MEMBERS OF TEES RIVERS CHARITABLE TRUST To address the risk of fraud through mana8etllent bia5 and ovetride ofcontro15. we.. - perform¢d analytical procedures to identify any iinusual or unexpe¢t¢d r¢lationship5,' tested journal entries to identify unusual Irdnsactions- - assessed whether jiidg¢ments a￿1 a5511mptions made in det¢fmining any ac¢ountitYd estimates were indicative of potential bias. inv¢sti8ated the rationale behirtd signifjcant or unus1￿1 trallsa¢ti0￿s. In response ￿ th¢ risk of irregularitir$ ènd [￿n-complia￿e with laws and regulation4 we d¢sigThed pm¢edures which included, birt were not limited to= - agreeing financial statement disc105ure5 to wwjerlying supporting documeRthtion- - ￿adIE}g minutes of rneetings of those char8ed with govetnante. enquiring of maThg8emellt as to actual and potential litigation claims. - reviewing rorre$pondence with HMEiC and the company's legal adviser5. Through these pmceduTt4 Ive did not becorne aware of a¢bJa] orsttspected non-complianc We planned and performed our aiidit in a¢wrdanee ivith auditing StsndaTds but owingto the inherent limitations of proce COP*'SOLIDATED BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total lund5 Unresiricte furyjs Resiritted ful￿5 No￿S FIXED ASSETS Tangible asseis 13 19542 5.580.932 5,6W.474 245 19542 5J80.932 5.6(X).474 245 CURRENT ASSETS Deblors Cash ai bank 15 I,ItM),244 545.302 530,145 83,5(XS 1,630.389 628.808 355,312 305,028 l.(A5546 613.651 2,259,197 660.340 CREDITORS Atnounts falling due ivithin one year 16 11238.870} {86.025) (1,324.895) {23.089) NET CURRENT ASSVts 41kn.676 527.626 934.302 637.251 TOTAL ASSETS LE&S CURRE¥T LIABILITIES 426.218 6.108.558 6534.776 637.496 NET ASSETS 426.218 6.108.558 6.534.776 637,496 Fuf4DS Unresiiicied funds Rebliicied funds 17 426.218 6.108558 281.103 356,393 TOTAL Fuf4DS 6534.776 637.496 These financial statements have been prepared in a¢¢ordarKe with the pioyisions applicable to ch3ritAble cornpanies subject io Ihe small COTnpanies regime. The fiNncial statements were approved by ihe Board of Trustees a￿1 authorised for issue on 16 December 2024 and were signed on its behalf by: D J Simpson - Trustre The Doles form part olthese film￿jaI siatements Pagell TEES RIVERSCHARITABLE TRLST {REGlStERED NU.IIBER: 06832672) CHARITY BALANCE SHEET 31 MARCH 2024 2024 Toial fitIid5 2023 Total nd5 Untesittrlcd fund5 Re5trieted funds Notes FIXED ASSETS Taiigible assets Investnients 13 14 19,542 5.580.932 5.600.474 245 19,543 5.580.932 5.600.475 246 CURRENT ASSETS Deb10I5 C#sli at bank .149,371 498.082 530.145 83.506 .679.516 581.588 356,983 303 228 1.647,453 613.651 2.261.104 660,21 CREDITORS Anioiinls falliiig due ivithin one ￿ar 16 (1241.034) (86.0251 (1,327,059) 122,489) NET CURREf4T ASSETS 406,419 527.626 934.04$ 637,722 TOTAL ASSETS LESS CURRKNT LIABILITIES 425.962 6,108,558 6.534.520 637.968 NET ASSETS 425.962 6.108 558 6 534.520 637.968 FUNDS Unrestricted fiiThds Restricted fund$ 17 425,962 6,108,558 281,575 356 393 TOTAL FUNDS 6 534 520 637 968 These financial statenients have been prepared in acrordance with the provisions applicable to chaTltable conipanies subject to ihe srnall con)panies regime. The finiIicial siaiernents iyere approved by the Board of TnLSttts a[￿ authorised for issue on 16 Decet))ber 2024 and i¥ere signed on ils belialf by= D J Simpson - Tn]stee The n01¢5 form part of iliese fi￿anCial stsiemen Page l2 TEES RIVERS CHARITABLE TRUST CONSOLIDATED CASH FLOIV STATE￿IENT FOR THE YEAR E.YDED 31 .%IARCH 2024 2024 2023 Notes CAsh floM'$ fyom operating activitÉt$ Cash generaieil from operatioj 5.925 725 312 540) Net cash provided byl{115ed inl operaiijig a¢ii¥ities 5.925.725 3125401 Cash floivs froni iRvesting activities Purcliast of tajigible fixed Nssels Interest received 15.605,2451 3.300 680 Net cash Iiised inyprovided by investing aciivilits 5.601.945) 680 ChAnge in rash cash equivaknts in the reporting period CAsh And c8sh equivalejtts at the begintjing of the repoi'ling period 323.780 (311,860) 305.028 616888 C*sh and cash equiv¥lent$ at the end of the reportirtg ptriDd 628 808 305 028 The notes fort]i part of Ihese financial sraten)ents Pagt 13 TEES RII'ERS CHARITABLE TRUST NOTES TO THE CONSOLIDATED CASH FLOIV STATEhlENT FOR THE I'EAR EYDED3I MARCH 2024 RECONCILIATION OF NET 1NCOTrIEI{EXPEND￿uRE) TO NET CASH FLOIV FROI¥I OPERATING AcfiviTIES 2024 2023 Net incornel(eApenditllre) for the reptbrting PEriod18s per the StAtemenl of Fimon¢ial Aetii'ities) Adjustments for: Depreciatiori tharges Interest received lllcrease iii debtors Increas¢llde¢rease) in ctedito 5,897,280 167,673} 5,016 (3.3001 (1.275,077) 1.301.806 {680) 1219,509) 24971} Triet cHsh provid¢d byl{u%d in) optralions 5 925.725 312.5401 ANALYSJS OF CHANGES IN NET FUYDS Ai 1.4.23 Cash lloiv At 31.3.24 Net Cash Casli ai bank 305 028 32J.780 628 808 305.028 323,780 6?8.808 Total 305.028 323 780 628,808 The notes form part of these finan¢ial statements Page 14 TEES RIVERS CHARITABLE TRugr NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR EliDED31 NIARCH 2024 ACCOUNTIYG POLICIES Basis of i)re￿rIng Iht fiiiAncig1 s¢#ierneTrts The finan¢ial staiemenls of ili¢ chariiable ¢ompaTr)'. Ivhicli is a public beI￿rit eniiiy under FRS 102, have been prcpared in accordance wilh the Charities SORP {FRS 10?}'Accounting and Reporting by Charjlies.. Slalernent of Recoinniended Practice applicable to Charities preparing tlieir accounis in acCord￿lce iviih the Financial Reporting st￿7d3rd applicable in the UK and Republic of Ireland {FRS 102) (¢ff¢¢iive l Janiiary 20191., Financial Reporting Standard 102 The Financial Rew)rtiTrg Stajidard applicable in Ihe UK and Republi¢ of Ireland. and the Companies Aci 2006. T]Je financial statements liai'¢ been prepared under the hi5torital tDSt convention. with the exceplion of inv¢slmenrs ivhich are included ai tnark¢i value. Crlti¢al Accounting estimates #reas of J￿￿g@￿t￿t Estiniales and judgements are ¢ontinually evaluaied ind are based hi5tori¢al experience and other faciots, incliidiiig expectations of futiirt eyenis thai are belieird to be reasonable under the circiim5tances. Critical a¢¢ounling estiJnate5 at¥J assumptions= The charitable conipatty makes esiiniales and assumpiioD5 concerning the futur¢. There are no resulting accoiiniing e51iniates atjd as$uniptioTrs that have a signifjcani risk of causing a material adjusiii)¢nt io the carrying amounts of assets and liabiliiies iviihin the financial year. Critical areas af jvdgement.. Depreciation - Depreciation is ¢al¢ulated so as io ivrile off rhe ¢osi of aTr asse4 less ils residual valu¢, over the econoJiii¢ life of t[￿t asset. An e5titnale of the useful life of the a55ets is detailed iii die deprecialioji policy. Income All in¢onie is recogTriseunls presented in ihe finAttcial strdtem¢nts, Ivlien thETe is a legally enforceable right to set off the retogni5ed aJ￿)Unts and ihere is an intention to seiile on a Jiet basis or to realis¢ Ili¢ asset and settle the liability Simulta[￿o￿51y. Ba$1¢ financial 2ssels Basic fjiiancial assets. Ivhich ir￿l￿de debtors a]]d ￿sh and bank bala[￿es, are initially measured at transactio price including traTr5aclion costs and are Subseq1￿ntlY carried al amortised eosi usiiig the effective interesi tneihod unless the arraii8emeni constitutes a fit]aneing Iran5a¢tion. Ivhere ilie Iran5aclion 15 nieasured ai preseTIt value of Ilie fuliire receipts discounted al a m&rk'ei rate ofinlerest. Fitiaii¢ial asset5 cla5sifJed as receiv%bl¢ witliiii one year are nor arnortis￿. Classif1¢4tion or rinantial liabilities Financial liabililies aiml equiiy irtSlniment5 are elassified according to substsnce of the contrdctual arrangemeiits eril¢red iiilo. An ¢quiiy instnimellt is any conitaci that evidcnccs a resjdiial interest iji the assets of the conipany after deductijig all of ils liabilities. Basi¢ fiiiallcial ligbilities Basic finaiicial liabilities, inrliiding creditor& bank loans. Other loat)s. Ind preference shares ihat are classified as debt, are tnitially recognised at iransa¢iion price unless the OTrangenieni coiistiiutts a fiiiancing traiisaction. ii'here the debi insinitnenl is nieasuied ai the preseni Nallle of ihe fiilure payiiiertis discouiited at a iiiarket rate of interest. Financial liabilities Classified Rs payable iviihin one year are i￿t ainortised. tkbt instrunients are subsequerktly carried at al￿rtISed cost. using the effeclive interest rale ineiliod. Trade cr¢ditOT5 are obligaiions 10 pay for Eoods or serkices that have been acquI￿d iji the ordiiiary ¢ouise of business frojii suppliers. Ainollnts payable a￿ classified a5 currejit Iiabilitles if payment 15 due iviihiii oiie ye?L r LIT les5. If not, iliey ale pre5eiiled as iiort-cittrenl liabilities. Trdde creditors are rtcognised initiall} at transa¢iion price and subsequeiiil). rneasLired ￿ amorti5ed c051 usijig the effeclive inreresi meilK)d. Page 16 ¢onlinLied..- TEES RIVERS CHARITABLE TRusr NOTESTOTHE FINANCIALSTATE.NIENTS- tontinu¢d FOR THE I'EAR EliDED314IARCH 2024 ACCOUNTIliG POLICIES- rontinue4J Group fin4n¢i*l slalernents The financial 51alenients consolidate the results of the charity and its %wholly oilmed subsidiary. Nature Based Solutions Limited, on a litie-by-line basis. A separ&t¢ Statement of Financial Aclii'ilies and ailcome and expejiditure accouni for the ¢harity has noi been presenird because the Cliarily has iaken advaiiiage of the ex¢rnption affoNled by section 408 of the Companies Act 2006. DONATIONS AND LEGACIES- Group andcharity 2024 2023 Donations OTHER TRADING ACTIVITIES Group 2024 Group 2023 Charity 2024 Charity 2023 Recharge of salarie5 Subsidiary trading aetivitics 38,720 193?50 193250 38,720 IIYV£STMENT IP•COI¥IE Groiip 2024 Group 2023 Charily 2024 Charity 2023 DIstrib￿lOn from subsidiary lijlerest ￿Cell￿ble 53.000 3.300 3.300 680 680 680 56,3 680 INCO￿lE FROII.I CHARITABLE ACTII'ITIES- Group and Ch4Tity 2024 2023 Activity Cons¢r¥aiion. protection & edlleation Grants 6 767,831 1264 822 Grants received, I￿l￿ded irt ihe aiK>ve. are a5 folloiv5'. 2024 2023 Eiivironment Agency Na(ioTral Lottery Herithge Fund Natiiral England Tyne Riwers Trusi InieTreg North Sea Region Absoliite Solar & Ivrnd Lrd Indusiry Nature Conservaiioi) A550ciation Tlie Susiainable Eel Group The Rivers Trust Siockion Boroiigh Coun¢il Riiral Payiiitiiis Age[￿Y Soiitli Tyneside Council 176,990 279,220 5,681 137 750 90.135 207.600 686.805 24.999 650 000 9.705 42,860 5.485 131.245 8,5(H) Page 17 TEES RIIIERS CHARITABLE TRusr NOTES TO THE FINANCIAL STATEMENTS- eotht1n￿ed FOR THE Tr'EAR Ef*DED31 MARCH 2024 INCOME FROJl.I CHARITABLE AcfiviTIES- Grnup #nd Chari¢y- Continued 2024 2023 Durhani Couiily Coiillcil Nomh Peniiines AONB Diirhani Ivildlife Tnist Forestry Commission North Arlaniic SalmDD Conservation Organization Friet)ds of The Deiies Old Lodge Farm Hartlepool Distri¢1 Council Crowdfuiider UK The Big Give Rupert Hayivood Cojisulting Neasliam Estates Lid Northiirnbrian W*er Ltd Alex Walker Tree Care Ltd BP International Ltd Others 100.(K>O 61.360 53,820 3,000 4,074 1,000 3,629 3.000 1,047 9.906 1.347 250 5,000 15.000 4,150 238,245 529 6 767,831 1.264 822 RAISING FUNDS- Croup #nd Charity Other trAding gctivities 2024 2023 Bad debis CHARITABLE AcfiviTIES COSIS Group Support costs {see note 81 Direct Costs Totsls Conservation, proie¢iion & edu¢atio 979 328 87.773 1.067,101 Chgrity Suppotl Cosis (see ntste 8) Direct Costs Tota15 ConservatioJ4 proieciion & education 880 85.734 966,299 SUPPORTCOSTS Group Governance costs mal￿geMent Finance Totals Cons¢rvalio]L prolection & ¢ducation 41,154 31.166 15,4)3 Charity Governance costs Mana8emenl Finance Totals Conservation. prote¢tion & ediicatio 13,9)2 85,734 Page 18 ¢oiiiiniied... TEES RIVERSCHARITABLETRU NOTESTOTHE FINANCIALSTATEIIENJS- continutd FOR THE YEAR ENDED31 hlARCH 2024 SUPPORT cosrs- continued Support costs. it]cluded in ihe above. are as folloivs= Goi'ernance tosts Group Group 2023 Charily 2024 Charity 2023 Auditor5. remulleralion Auditors. r¢muneraiion for non-audi( iiy) 4.800 2,692 5,000 8.952 4,800 1,992 10.453 7.492 13,952 6,792 NET INCO￿lE1(ExPETrlDITuRE) Net in¢omel(expenditure) is Stated after ChargiT￿(credit]nSl'. Group 2024 Group Charity 2024 Charity 2023 Aiidilors. remunerdtion Aiiditors, remuneration for non-audit i%Drk Depreciatioji - oiyned assets 5,0(K) 10.453 5.016 4.800 2,692 29) 5,000 8.952 i.016 4,800 1,992 io. TRUSTEES, RE￿[uNERATIoN AND BENEFITS- Gromp and Charity There iyere no trustees, Teniuneralioii or other benefits for the yedr ended 31 hqatth 2024 nor for ihe year ended 31 fv1arch 2023. Tru5tees' expen5¢S Expernses of £43 {2023= £Nil) were paid io a Tr￿￿te as reirnbursernent for repair expenses. STAFF COStS- Group gnd Chariiv 2024 2023 Wages and salaries So¢io1 seciirily costs Oiher peiisioii costs 369,476 32.279 26.489 394.117 33.471 24.824 428.244 452.412 The average monthly number of employees during ihe year was as folloiv5= 2024 2023 14 Eniployees No elnployees received emolutnenls in excess of £60.000_ lii Ilie y¢ar, key managenient personiiel ￿1Ved £65.894 (2023= £58,299) of etnployee benefits for iheir seivices to the chRrity. Page19 TEES RII'ERS CHARITABLE TRusr NOTES TO THE FINANCIAL STATEhlEPITS- Conlinued FOR THE YEAR ENDED31 %IARCH 2024 12. Co￿1PARATIVEs FOR THE CONSOLIDATED STATENIENT OF FINANCIALACTIVITIES Uftrestiicted funds Restricl¢d Total fuThds INCOIllE AND ENDOIVhlENTS FRO￿1 Donhtion5 and legacies 100.000 100,000 Ch#ritxble 8ttivitie5 Coiiseryation, protection & education 93.575 171,247 1,264,822 Investffleiit inwme 678 680 TolAI 94.253 1271.249 1.365,502 XPEWDITURE ON Raising flind5 650 3.629 4,279 Charitable actiifftties Cons¢rv&tion, proieclion & educaiion 127.251 1,301.645 1428 896 TotAI 1305.274 1.433 175 NET INCOTrIEI(EXPENDITURE} Translers betiyeen funils {3.3.648) {34,025) 167,6731 Net mo%'eme4t In fund5 33.261 (100,9341 167,673) RECOh'CILIATIONI OF FUNDS Total fiinds brought forward 247,842 457,327 705.169 TOTAL FUliDS CARRIED FORIVARD 281,103 356 393 637.496 13. TANGIBLE FIXED ASSETS Freehold land Plani and machinery Motor vehicles Coiiiputer equipm¢ni Tota15 COST Ai l April 2023 Addilion5 1,7(K) 1,292 4.963 2.992 5,605,245 5 580,932 Ai 31 fvlarch 2024 5,580 932 1.700 19.350 6,255 5 608 237 DEPRECIATION At l April 2023 Charge for year 1.7(M) 1,047 985 2.747 5,016 At 31 fvlarch 2024 4,031 2.032 7,763 NET BOOK VALUE At J l NlllFch 2024 5 £80,932 15.319 4.223 5 6t￿,474 At 31 March 2023 245 245 Page 20 TEES RIVERSCHARITABLE TRUST NOTES TO THE FINANCIAL STATE.MENfs- eontinwed FOR THE I'EAR ENDED31 IIARCH 2024 13. TANGIBLE FIXED ASSETS- Group And Chgrity- Conti￿Ned Freehold land of £5,580.932 i5 Inade up of freehold land purchased iviih the folloiviTrg restriction.. Uiiiil one hiindr¢d &t]d h%'enty-fiv¢ )'ears frorn ?8 NIarch 20?4, no disWSltion of t[￿ registered esiale by thr proprietor of the registered eslaie is ￿ be reBlStered ¥%'ithout a ¢ertificate SiEned b), Naiiiral Englaiid that the prov15iOtLS of clause I l. l and ¢laiise 11.2 of ihe Nutrieni Neulrality A8reemeni dal¢d 22 fvlarcli 2024 and made betiveen I l) Tees Rivers Charitable Trust and (2) Na￿[#] F￿gland have been complied with or that they do not apply to die disp)silion. 14. FIXED ASSET INIFESTMEYTS- Chlritv only Unlisled investments IARKETI'ALUE Ai i April 2023 2nd 31 March 2024 TriET BOOKVALUE At 31 Nlarch 2024 At 31 March 2023 There iirre no investment 8yJets ouiside the UK. The ctsinpany's inveslinejits at the balaiice sheei date in the shale capitsl of conipanies iTh¢lude ihe following.. Nxture B2sÈd Solulion5 LTmited Regisieted otTi¢e'. The Clockioiyer I￿ge. Parkside, Dariingron. DLI 5TB Coiiipany nutnber.. 125J0449 Nature of biisiness= Landscape service activittes Class of Sha￿.. Ordinary % IK)Iding 2024 2023 Ag8￿gate ￿pItal and reserves ProfiLII105s) for the year 257 53,728 1471) 1,474} The results of Naiure Based Soluti0115 Limited for ihe prri￿ under revieiv are summatssed beloiw. 2024 2023 Turiiover C05t of sales Gross profit 261,450 205 6831 55,767 Administrative expeThses Interest payable and similar expenses Profitl(loss) before t&x (1,9421 97 11.109) 365 474 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE VEAR Group Group 2024 2023 Charity 2014 Charity 2023 Trade debtors Anioiints oiyed by 8tOilP li[￿e￿aking5 Otlier d¢biors Prepayn￿nIS & accrued inc(Ni)¢ 1,378.994 101219 1,190,894 198.896 101.219 3,095 389 251.006 1,424 252.669 289.726 252.669 1.630.389 355,312 1,679,516 356,983 Page21 cojiiiiiued... TEES RII'ERS CHARITABLE TRLIST NOTES TO THE FINANCIAL STATEhlENTS- rontinued FOR THE I'EAR EN'DED 31 MARCH 2024 16. CREDITORS: Ah1OU￿[s FALLING DUE IVITHIN ONE YEAR Group 2024 Gtoiip Charity 2024 Charity 2023 2023 Trade credito Social seeiirity and other tsxes VAT Other creditors A¢CrI￿lS ai)d deferred income 173.638 9.848 I,l24.355 5,844 186,224 9,848 5.432 5,843 8,563 .563 3,860 10.666 3,262 1,324,895 23,089 1,327,059 22,489 17. lovE￿IENT IN FVNDS- Group Net movement Transfets betiiten fund5 At 31.3.24 At 1.4.23 Unrestrieteil fun(Is General fund Development Fund Reorgatiisatioii fiind 141.103 loo,000 11,022 134.093 286.218 100,o(M) 40.OIM) 281.103 11,022 134.093 426.218 Restricted funds Cocker Reconnected Tee5 Operation Ho8iv¢ed Bright Ivaler Fish For Tees IfvINIERSE Project IVEG Siokesley in Sl¥eai Tees Cat¢liment Partnership Vel Ivoodland Land Banking Living Lefven Green Rccovery Challenge Fund- UK PACT Riverlab Nlorth East Catchjnenl Hub EA FCRM Esliiary Natural EnYironTnent Investment Readijiess Fw North East Tees fvlappi118 Stockioii Becks Estiiary Edges Strojiger ShoTe5 BP Catclimenl Te¢5 INNS Naliiral England Land 36.055 48,112 9,089 8,294 15.6421 (48,1121 19.0891 18.2941 89.415 (46.3281 30,413 {89,4151 46,328 19,574 {19,574) 19.618) (33,0621 3,034 33.062 4.694 36,240 79221 614 (4.694) 20.754 (56.(M)l} 56,W4 (23.220) (614) 4.694 14,694) 90 9.302 121.7601 13.312 50.000 74.707 232,338 190) 768 21,760 110,070) 614 13.926 50,0(K> 73,765 231.396 10.070 5.638,960 (942) 1942) 10.070 5,638,960 356.393 5,886,258 134.093) 5.938.989 TOTAL FUNDS 637.496 5.897.280 6534,776 Page 22 continued... TEES RIVERS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEIIETriTS . eontinued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEfvIENf IN FUNDS- Group- CODtinued Net movement in fu￿. included in the alK)ve are a5 follows.. I￿omIng resources Resources expe￿jed MoveTnent in fu￿15 Unrestricted fund5 GeneTal fund 210.538 (199,5161 11.022 Re51ricted funds Cocker Reronnected Tee5 Op¢raiion Hogweed Bright Water Fish for Te¢s IMMERSE project 15,6421 (126.8851 19.0891 (28.2941 {7201 (46.328} (24.6371 (33.0621 126.7981 (257.0461 (6.4841 {36.8391 (34.3561 {21.7601 11.688) (152.800) 1782) 15,642) (48,112) 19,089) 18,2941 89,415 146,328) (9,638) 133,062) (20.7541 {56,(KJll (4,6941 90 9,302 {21.7601 13.312 78.773 20.( .135 Tecs Catchmeni Partne￿￿1p Wel Ivoodland Living Leven Green Recovery Challenge FutKI- UK PAcr Noith Easl Catchmeni Hub EA FCRM Esiuary Natural Environtnent Inyestmenr Readi￿SS Fu North Eas( Tees h12pping Siockion Becks Tees Swale Yarm Woiks Estuaiy Edges Sironger Shores BP CaiLhment Natural Englalld La￿1 14.999 47.552 201.IM5 .790 36.929 43.658 15.IMK 152.800 782 so.￿m) 161.894 238.246 5.638,9(11 So.￿0 74,707 232,338 5,638,960 (87,187) {5,￿8) 6.792.563 1906,305) 5.886.258 TOTAL FUTr4TIS 7.￿3.101 (1,10.5.821} 5.897,280 Page 23 ooniinued... TEES RIVERS CHARITABLE TRL'sr NOTES TO THE FINANCIAL STATENIEKfs- ¢ontiNued FOR THE YEAR EP*DED 31 i¥IARCH 2024 17. rwlOVEfwlETrif IN FUNDS- Group- toTht•nue CompArgtiv*s for movenient in funds Nel movemeiit in funds Transfers betiveen funds Ai 31.3.23 At 1.4.22 Uiire$tri¢ted fund5 General fund Development Fitnd Reor8anisaiion fund 167.842 (33.6481 141,103 100.000 40.000 20.000 20.(KKI 247.842 133.648) 66.909 281,103 Restricted funds Cocker Reeonnecied Tees Operaiion Hogiveed Brighi IValeT Fish For Tees I￿lmERsE projeet VEG 37.811 3.000 23,241 31,991 68,$41 7J79 (1,756) 41.233 114.152) 123,697) (1.632) 38.949 3.879 1483} 5,200 3.000 36,055 48.112 9,089 8.294 3.879 (66,909) 46,328 {3,879) Sttske51ey iji Strearii I"ees Cat¢hmeni Partnership Wet Woodland Land BAiikin8 Living Leveii Green Recovery Challenge FuiKI- UK PAcr Riverlab EA FCRNI Estiiary Natiirdl Environment Inve5tinent Readiness Fiind North East T¢e%.Xlappin8 20.057 7.4r2 30,062 4.694 19.574 12,672 33,062 4.694 36,240 79,221 614 1901 218.5?7 I,oii (139,306) {397) {￿) 768 21.760 768 21,760 457,325 (34.023) 66.909) 356,393 TOTAL FUNDS 70£ 167 167,6711 637.496 Page 24 continued... TEES RJVERS CHARITABLE TRusr NOTES TO THE FINANCIAL STATE%IENTS- CO￿tinued FOR THE YEAR ENDED31 hlARCH 2024 17. IOVEMENT IN FUf4DS-Group- continued Comparative mvernent in funds. included in ihe al¥)ve are as folloivs.. 1￿COn11￿8 resources Re5011rces expended Moveineiit iii funds Unrestricted fun(Is Gej￿ra1 fujid 94.253 (127,901) (33,6481 Restrkted (und$ Cocker Reeonne¢itd Tees Operaiion Ho8iveed Bri8ht Iyaler Fish For Tees I￿[NERSE project IYEG BINNS Stok¢sley in Siream Tees Catchment Partnership Ivet w{￿land Living Letren Green Recovery Challenge Fund- UK PACT Riverlab North Easi C.ai¢hment Hiib EA FeR￿1 Esiiiary Naiural Eiivironmejit Invesiment Readin¢5s Fiind North East Tees Ilapping 11,7561 1101.546) (11,822) (75,￿1) (110.132) (93,0821 (1,756) 41.233 (14,152) (23.697) 11,632) 38,949 3.879 {483) 5,200 142.779 (20301 5 1 J44 108,500 132.031 5.000 (483) (9,800} 15,000 3.000 98.132 609.129 4,074 25.118 (65.431) 1748.435) (4,471) (25.118} (90) (48.S201 18 4251 32,701 (139.3061 13971 (90) 768 30.185 71,250 1.305 273 TOTAL FUNDS 1.365.503 The piirpose of each fund 15 a5 folloi¥s- Unres¢riet¢d General fund These futKt5 represent unrestricted re￿UrceS available for ihe generdl ivork of Ihe charity. Developrnellt fund T]iese funds are to cover costs ivhere any poienlial fiiture grdnt iiDuld be paid in arrears. ReorgAni5ation fun These fLiJids iyill a¢1 as a contingency fund in Ihe ¢vent major restsu¢iLirir]8 ivhi¢h is reqiiired. Tees SwAle This is a neiv Lottery-funded project being led by the NPAONB. TeRT ar¢ delivering fish passage stsliitions at ElleT Beck and meial mine remediation. EA Flsh for Tee5 This PlDje¢t looked at feasibility and options for f15h passag¢ ai 6 barriers io fish Tnigralioji on a numbei of Tees sub