REGISTERED COMPANY NUMBER: 06822819 (England and Wales) REGISTERED CHARITY NUMBER: 1130991 IANGDOWNS DFK OFFICE COPY REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 FOR WESSEX RIVERS TRUST A COMPANY LIMITED BY GUARANTEE Langdowns DFK Limiled Slalulory Auditor Kingsgalo House. North Wing, Ground Floor Newbury Road Andover Hampshire SP104DU
WESSEX RIVERS TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 Page Report of Ihe Trustees Report of the Independent Auditor8 Statem8nt of Flnanclal A¢tlvltl&s 10 Balance Shèet 11 Ca8h Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Flnanclal Statement8 14 10 22 Detalled Stateinent of Flnanclal Activltle8 23 to 24
WESSEX RIVERS TRUST REGISTERED NUMBER: 06822819 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024 The trustees who are also direclors 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 30th June 2024. The Irustees have adopled Ihe provisions of Accounling and Reportlng by Charities: Slalement of Recommended Practice applicable lo charilies preparing Ih8ir accounts in accoidance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms and Public Benefit Wessex Rivers Trust is dedicated lo the guardianship, protection, enhancement and malnlenance of healthy, funclioning ecosystems within Ihe river calchments and corridors of Ihe Wessex region. Ils vlslon Is of heallhy rivers wllhin the Wessex region which are valued and nurtured by the communlly and whlch exhibit:. Diverse and abundant wildlife High water qualily and sustainable natural flows Fully funclioning ecosystems whlch Ilnk Ihe rivers and their valleys Resllience to cSlmate change and future stresses associaled with developmènt. In pursuil of these objectives lh6 Trust undertakes.. practical enhancements to reslore nalural river function and diversily in order lo tackle hisloric modificallon, resulting in a Inore natural and characleristlc flow regime, flora and fauna facilitation, Goordinalion and delivery of environmental improvements at calchment scale, resulling In improved stewardship of water, water qualily and partnership aclivily delivery of educallonal aclivities and resources lo improve the und8rslanding and appreciation of livers In the Wessex reglon resulting in incressed knowledge and Involvement in Iheir proleclion survey and monitoring lo demonslrale Ihe Impact of Ihese aGlivilies as well as highlighllng Issues. The role of volunteers In Ihe work of Ihe Trust is steadily growing from voluntary Iruslees only, to those involved in practical conservation and education work. In 2023-24 the Trust recruiled and Iralned educalional volunleers who helped lo run educallonal sessions for thildren in a safe and professional manner. Page 1
WESSEX RIVERS TRUST REGISTERED NUMBER: 06822819 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities The three delivery programmes of work are education, catchment coordination and river resloralion wilh moniloring and evidence underpinning Ihese programmes. In addilior). Ihe Trusl spends a limited amount of lime on advocacy and respondlng to specific consultations. In 2023-24 many aclivilies and projects integrated two or more primary 8Ctivili8s, for example evidence galhering on habilal enhancemenl works and linking education to river reslorallon projecls. Projecls are delivered where Ihey align wlth one or more of Ihe TTusI's obleclive5, and achlovoments are audited and reported through the management and governance slruclure lo funders and relevant partner org8nisations. In 2024 objectives and oulpuls across all programmes and projecls were achieved or exceeded. Educatlon The principal alm of th& Trust's work in educalion is lo infomi and build awareness of the Importance and fragllity of river habilals and lo Inspire a sense of value for them in schools and Ihe broader Communily. Th18 area of work allained Ihe Trust's highest levels of both coverage and output lo date wilh several area-based projects runnlng slmullaneousty, Including new delivery on the Isle of Wighl and in urban Soulhamplon Ihanks to new fundlng from the Emesl Cook Trust targeted al oldor children. One of the main projecls was funded by Southern Water, providlng ouldoor learnlng opportunities for primary-aged children in Ihe Test and Ilchen calchmenl, at lh6 same lime dlsseminallng messages about waler saving and stewardship. The Trust continued Its educational delivery under Ihe National Heritage Lollery Funded Walercress & Winlerbournes prolecl, and the team conllnued delivery of educational sessions lo schools and unilormed groups through Ihe year. as well as smaller projects on Ihe Rlvers Meon and Wylye. Catchment Management and hostlng of Catchment Partnershlps The Trust contlnues lo host the Hampshire Avon Calchment Partnership and co-hosled. worklng wllh Hampshlr8 &1816 of Wighl N'ldllfe Trust. the Test and Il¢hen Cat¢hmenl Parlnership. The aim of these partnershlps, whlch have been established under DEFRA'S Calchmenl Based Approach inilialive, is to obtain the engagemenl and participation of relevant slakeholders in priorilising and implementing actions lo bring about ecologlcal improvements to Ihe rivers and olher water bod188 within Ihe relevant calchment. Thls includes NGOS, farmers. user groups such as an91ing clubs and wlldllfe organlsalions, local government, the Environment Agency and Natural England. waler companles and olh8r private seclor businesses. During 2023-24 Ihe Trust's Calchmenl Programme Manager managed the day-to-day acliviliès of tho two partnerships in collaboration wilh the Trusl's CEO who also look an active role In chairing the Partnership groups. Participation from stakeholders repr8senling a wide spectrum of Interests was facilitaled and issues and priorllies for action were identified notably pollullon and nulrient enrlchm8nl. A significant Part of Ihis programme was 8 Gonlinuing focus on Ilalson wllh farmer groups, culminating In successful bids for funds lor calchmenl improvements under Oelra's Landscape Recovery Schemo. An innovative project was delivered in the headwalers of the Hampshlre Avon calchmgnl In partnership wilh Willshlre Council aiined al promoting the upgrade of failing 8eplic tanks al scale - a major sourcè of water pollullon In Ih88e sensitive environments, Through Envlronment Agency and vRler company funding Ihe Trust conlinued the Test & Ilcher) Invaslve Non-Nallv8 Species project lo tackle Ilie threats arising from such species al a slr81egic scale through volunleers and slakeholdeTS. In 2023-4 this work continued with suNeys and aclive delivery of invasive species control In Ihe Cdlchmenl. Through the Hampshire Avon Catchment Partnership. mulli-year projects continued including the Wessex Waler-funded Wider Wylye projecl and bids were refined under Wessex Wal8rfs Wal8r Industry Environmenl Programme IWINEP). Rlver Restoratlon River habitat rasloralion, the largesl programme of adivity for the Trusl, continued at scale in 2023-24. This included habltal projects for chalk stream biodiversily including reinstating the features which cre81e condltions for the characterislic chalk stream ecology and hydrology - inGluding Ranunculus, invertebratas and fish. In praclico this work involved reverslng the legacy of dredging and straighlenlng by reintroducing native gravels and a more nalural profile by restoring banks and woody habllal. In addition Ihis programme comprised projects wilh a focus on fish passage and ecological conneclivily through removal of redundant built slfLKtures and investigation and dellvery of channels whiGh bypass artificial impoundments for migraliiig fish such as salmon. The main work was under th8 Soulhein Waler funded FReSH Water Programme to provide compensalory chalk stream habitat and easements to fish passage, providing Tesilience lo low Ilows caused If and when water abstraction during droughls is required. This mulli-yeaT programme is part of a wider scheme being delivered by three partner oTganisalions in close liaison wilh Southern Water as part of Its environmental commilmenl., the Trust undertakes design. secures consents, and project manages capital works undertaken by sub-contraclors and l or its own staff. 2023-24 saw the third year of practic81 delivery under this programme. wilh nearly 2 km of thalk river habilal restored on the River Tesl and one obsliuclion lo fish migralion eased on the Rlv8r Dever. Wilh funding from the TICP Drought Resilience Fund, 1 km of rrver was restored on Ihe lower River Devei and 380m was reslored on Ihe Itchen Navigation, a publicly accessible section of river. The Watercress & Winlerbouines programme, funded by Ihe National Hetiiage Lottery Fund, saw its fourih year of practical delivery through Ihe Trust in the headwaters of the rivers Ilchen and Test. wilh $ceSSfUl projeGls undertaken near Andover lo both restore habilals and engage communities there. Page 2
WESSEX RIVERS TRUST REGISTERED NUMBER.. 06822819 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024 On the River Avon, Ihe first phase of delivery involved restoralion of 2km of main river under a project funded by National Highways wa8 undert8ken lo restore river dredging done when the A303 was buill. Downstream design work was rinalised and preparations were made lo bypass a significant barrter lo the niigralion of fish, nolably Allanlic salmon, downstream of the A303. Monltorlng and Evldence Gatherlng As patl of routine projecl moniloring, fish population suvveys were undertaken on several watercourses and drone SUTvey melhods were refined. In addition, sedimenl source fingerprinling. pet para811icide and soil microbiology iesearGh, was undertaken. centred on the River Avon. in conjunction wilh cilizen scienlisls and farmers. Investigations into creating wellands as nalur&based solutions ID waste water discharge5 were conducted for several locations. Advocacy The Trust engaged in strategic partnershlps wllh Walér Companios to help enhance their environment81 performance and address poor perfoftnance. The Trust made comment lo Ihe government, opposlng scrappage of nutiienl neulralily as a means of preventing the worsening of water pollution arising from d8velopmenl In the region and adding its voice lo a campaign for better protection of chalk slreams. Ongoing support to the implementalion of the Chalk Stream Restorallon Slralegy was given through various routes. FINANCIAL REVIEW Thé Trust was Incorporaled in February 2009. The Trusl has adopted a 30 June year end. Total Income In the Trust's year to 30 June 2024 covering bolh restricted u58 and unrestricled use funds was £1,334,086 (2023., £1.532.018) and expenditure was £1,135,533 (2023'.£1,449,3831. Income therefore exceeded expenditure {after transfers between funds) by £198.553 (2023:£82.635),' split bolween £84.767 unrestricted use funds and £113,786 reslricled use funds. Nel assels of Ihe Trust as at 30 June 2024 8mounled lo £629,205 (2023'.£430,652). Th6 Trust is a not for profil organisalion. W)ilsl as at 30 June 202411 is reporting 8 surplus of Income over expendllure11 should be noted that this includes funds received bul earmarked for specific piojecls the costs for whlch wlll be incurred in Ihe year 2024125. The trustees, reserves policy is lo mair)lain reserves at a level Ihal would permll the Trusl to cover its salary costs and overheads for a peilod of al least three months in the case of unforeseen events. In addition, som8 gTanl agreements requlre lh6 Trust lo finance activities and recelve payment In arrears. Unrestri¢led reseples at 30 June 2024 were £389,811. The Iruslees consider thls sum is adequale to meel Ihese IV purposes. PLANS FOR FUTURE PERIODS The Trust's maln aclivilles involve delivery of mulli-year projects and programmes, spanning up lo 5 years, underpinned by objeclives whlch are agreed by. or in liaison wlh, funders and partners. The Trust has commenced development of an organisallonal strategy which. together with programme strategies which will follow, will consolidate Ihe Tru8t's vlsion and values and guide fulure priorities and facilitale 8fledlve delivery Page 3
WESSEX RIVERS TRUST REGISTERED NUMBER: 06822819 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Wessex Rivers Trust Is a registored charity and is Incorporated as a company limited by guarantee and without Shar capital. The governing document is ils Memorandum and Articles of Associalion. In 2024 thls gov8rnlng documenl was amended to include coverage of Ihe Isle of Wight. Organlsatlon The Trusl is supported by approximately 300 ordinary, life. founder and other supporlers. Ordinary supporters pay an annual amounl towards the work of the Trust, plus In some cases exira donations are received. Overall responsibility for the running of the Trust resls with Ihe Board of Trustees which Is limlled lo Iwenly Iruslees. Trustees are elected and appointed by the Board. There were bolh resignalions and new nominations lo Ihe Board iii Ihe year lo 30th June 2024. The truslees appoint their own chair from within Ihelr ranks. The Trust has a full tlme Chlef Executive Officer {Dr. Davld Rumble). In 8ddilion, as al 30 June 2024 the Trust also employed a Dlreclor of Operations {Mr. Michael BlackmoTe). a Calchment Programme Manager, an Education & Engagemenl Manager, Iwo Senior Prol8Ct s18ff, three Piojecl Officers I Coordinators, two Projecl Asslslanls, a Senlor Education Offlcer, an Educalion Officer. a part-time Communications Officer, two part-time Admlnlslralors, a part-llme Finance Officer, and three educators on variable hours conlracls. The Trusl has a volunlaer Treasurer and volunteer Research Officer. Sub-commillees and worklng groups have been e8lablished consisling of individual trustees, Ihè CEO, and the Treasurer coverlng speclfic Issues such as finan¢e. heallh and safely and appointments. The Ilnk belween the governance and the executive is shown in the scheme below. Declsion-making 1$ r8gulal8d by a procedure for delegating authorlsalion lo differenl levels in Ihe Trusl's slructure depending on financlal scalé and l or rlsk. Wessex Organisational Structure (anonymised) Rlvors Trusl May 3024 Boord OJ Trustees/Dlrectors Appointed member5 '. . 16 ImbKlmum 201 Elected chair Treasurer & Comp. Sec. {valuntaryl churlty /Ltd, ¢ompany CIIILI ExL'tutive 11.orrEI S•nlorMuna¢mttt Scienlili¢ officer l)irecto¥ ol OpErahDIis ii.n rwri EdUtiL)ll & Liw. MatTragec 10.6 klEI CatcliinÈiiL PtOBltslI?mc SL'fiiLlI PIujL'LI MaiiJgL'I i).o&iei iij) rrEI Blue Meiilor Test & Ilchen INNS Cooidinalui 10.4FTEI Piojetts Adminislro101 10.6 fTII 10.5HEI Projectoificew Ii.OFtE) 5Ènloi Iducailon Ofllc¢r/ EdiJcatlDnOlf4i¢rw&w 11.0 FTEI Fin8nce & Ikss. M8n6ge VKowlO.5FTEI Piojeil Assislanl IIJ)AEI Projects & ConseEvatlD Officer4sww River Educators Iwarlable hour51 TN5tAdTniTrls11o10 I4FTE) 11.OFII.I SEnior Piojeci officer li.o FfEI FinèDcÈ OffKer Ic(KLsiihartl Comttts. & Events Officei 10.4 FTEllmalefflity lewel ProjtrLIAs5islanl li.0 FfE Rlsk management Thè trustees have a duty lo identify and review the risks lo whith the charity is exposed and lo ensure approprigle controls are in place to provide reasonable assurance against fraud and orror. The truslees review Ihese risks al least annually, aided by a comprehensive Risk Register. New Trustees are given the oplion of receiving training from the Chalr or via the Charily Commission. Page 4
WESSEX RIVERS TRUST REGISTERED NUMBER: 06822819 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Remuneratlon Changes lo pay al all slaff levels, including adjustments for Inflation, are based on benchmarks provided by the Rivers Trusl nallonally and are approved by the board of Trustees. Relatlonships Wlth Related Parties and other Charitles When considering areas of policy, Ihe Trust remains fully aulonomous and chooses whelher lo adopt policie5 and practices from Ihe wider network or Rivers Tmsls based on local parameters and the charily's own prioiilies. The Trust seeks lo cooperate and gain efficiencies by working with olher Rsvers Trusts in the pursuil of shared objectiv88. Declarations of trustee's interest are monltored through the Slalemenls of Related Parties and sel out al gov8rnanco meellngs. Major Ri8k8 The Trust confirms that. as well as maintaining a Risk RegisleT, major risks have been revlewed on a case-by-case basis with reporting to the full Board and slalulory bodies as iequired by law. REFERENCE AND ADMINISTRATIVE DETAILS Regi8tored Company number Q6822819 (England and Wales) Reglstered Charlty number 1130991 Registorod office The Granary Phlllips L8nè stralford Sub Cas118 Salisbury Willshire SP13YR Tru8tee8 Mr A N J Baring (Vice ChaiT> Mr R D Borras Ms F Bowles Mr C M BTendish (resigned 6.2.24) Ms J Brown Mr J R Dunn (appointed 9.5.24) Mr J H Duan1 (appointed 6.2.24) Mr N Freeman (resigned 6.2.241 Ms J Hall (resigned 28.11.24) Mr P S Leonard Dr G J Manlle MBE Mr H Mills Dr R O'Neill Mr R G B Parker Mr M A Potter Ms V Reed (resigned 20.8.24) Mr G E S Sellgman (Chalr) Mr T J Sykes Mr R A Wills (resigned 8.11,23) Company Secretary Mr D Brookes Audltors Langdowns DFK Llmlled Slalulory Auditor Kingsgate House, North Wing, Ground Floor Newbury Road Andover Hampshire SP10 4DU Page 5
WESSEX RIVERS TRUST REGISTERED NUPa8ER: 06822819 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024 FUNDS HELD AS CUSTODIAN TRUSTEE Duiing th8 accounting period and 88 at 30 Jun6 2024 no funds were held as custodi8n truste6. 8TATEMENT OF TRU8TEE8' RESPONSIBILITIE3 The trustees (who are a150 the directors of Wessex Rivers Trust for purposes of company law) are TesponslblB for prepaTing the Report of the TTustses and the financial statements In accordance with app15cBble law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounling Practice) including Financial Reporting Slandard 102 "The FlnancSal Rèporting Standard applicabl8 in the UK and Republic of Ireland" Company law Tequires the Iru$tees to prepare financlal statements lor each finandal year whlch givè a true and fair vi6w of the slate ol affalis of the charitable company and of Iha Incomlng r8sourc8$ and application ol resources, including the Income and expèndlturè, of the chadtabl8 company (or that period. In preparing Ihose financial slalemenls, Ihe truste88 ar8 required to Select 5ultable accounting pollcies and then apply Ihem consistenlly., observe the methods and prin¢ipl&s in the Charity SORP-, mgke judgements and estimate5 that are reasonablo and prudenl., prepare the financlal 51alèmenls on th8 going concern basis unless il ig inapprowiate to presume thal lh8 charitable company will continue in busine88. The trustees are responsible for keeplng prop8r accounllng records which dlsclos8 wrth r8asonabl8 accuracy at any tlme the financlal posillon ol the charilablè company and lo enable them to ensu16 Ihal Ihe financial slalemenls comply wlth th6 Companies Act 2006. They are also responslble for Safeguarding Ihg as8ets of the chafilable company gnd hence for taking reasonable sleps for the Prevention and deleclion of fraud and other irregularili88. In 80 far as th8 trustees are aware.. Ih8re Is no r818vant audSt Infomallon ol which thg chari18ble company's auditors ar8 unaware; and thè trust688 have taken all steps that they ought lo have laken lo make Ihèmselvgs aware of any relevant audit inlomiation and lo establish that the audilots are aware of th81 Informatlon. The Iru8tees conflrm that th8y have complied with the duties In Sectlon 4 of the 20C6 Charitles Act. AUDITORS The audllors, Langdown8 DFK Llmlled, will be proposed for r8-appointrn8nl al th8 forthcoming Annual G8neral M88tlng. This report ha5 been prepafed In accordance with the spgcial provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the board of truslées on 28th janu 2025 and slgned on its behalf by: <4U- Mr G E S Sellgman ICh8ir)- Truste8 Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WESSEX RIVERS TRUST Oplnlon We have audited the finanaal statements of Wessex Rivers Trust (the 'charilable comp8ny') for the year ended 30th June 2024 which comprlse the Slalemenl of Financial Activities. Ihe Balance Sheet, the Cash Flow Slatement and notes lo the financlal 51atemenls, including a summary of significanl accounling policies. The lin8nclal repDrting framework that has been applied in their preparation is applicable law and United Kingdom Accountlng Slandards {Uniled Klngdom Generally Accepted Accounting PraGlice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. In our opinion th8 financial statements; glve a Irue and fair view of the stale of the charilable company's affairs as al 30th June 2024 and of Ils incomlng resources and application of resources, including ils incoine and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice, Including Financlal Reporting Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland,; and have been prepared in 0c¢ordance with the requiiemenls of the Companies Act 2006. Basis for oplnion W6 conducted our audlt In accordance with Inlernalional Slandards on Auditing (UK) (ISAS (UK)) and appllcable law. Our r8sponslbilillos under those standards are further described in tha Auditors. responsibilities for the audit of Ihe financial slalements section of our report. We are independenl of Ihe charitable company in accordance wllh the elhical requirements Ihal are relevant lo our audil of the financial stalemenls in the UK, including Ihe FRC'S Ethical Standard, and we have fulfilled our other ethlcal responsibililies in accordance wilh these requlremenls. We believe that the audit evidence w8 hav8 oblalned is sUfflent and appropriate lo provide a basis for our oplnlon. Concluslons rolating to golng concern In auditing the financlal stalemenls, we have concluded Ihal the truslees, use of the going concem basls of accountlng In Ihe preparalion of Ihe financial slalemenls Is appropriate. Based on the work we have performed, we have nol identified any malerial uncertainties relating to evenls or conditions that, indivldually or collecllv81y, may cast significanl doubl on the charilable company's abilily lo conlinue as a going concern for a peTiod of al least twelve months from when Ihe financial statements are authorised for issue. Our responslbililies and Ihe responsibilities of the Iruslees wilh re8pe¢l to golng concern are de8crlb8d In the relevant sections of this report. other informatlon The trustees are Tesponsible foi Ihe olher information. Th8 Other Information comprises Ihe infoTmalion included In tha Annual Report, other than the financial slalemenls and our Report of the Independenl Audilors thereon. Our opinion on the financlal 8lalements does nol cover Ihe other inf0mli0n and, except lo Ihe exlenl olheNlse expllcllly slated in our report, we do not express any fomi of assurance conclusion thereon. In connecllon with our audit of the financlal slalements, our responsibilily is to read the other Informallon and, In dolng so, conslder whether Ihe other Snformalion is malefially IrOnsI$lenl with Ihe financlal slat8menls or our knowledge obtaln8d in the audil or olherwise appears lo be materially misstated. If we identify such material Inconslstencies or apparent malerial mlsslalemenls, we are required lo determine whelhei this gives rise to a malerial mlssl8temenl in the financial slalemenls themselves. If, based on Ihe work we have p8rfom)ed, we conclude that Ihere is a malerlal mlsslalemenl of this other information, we are required to report Ihal fact. We have nothing lo report in this regard. Oplnlon8 on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken Sn the cours6 of Ihe audil.. Ihe inlormalion given In Ihe Report of the Trustees for Ihe financlal year for which Ihe financial statements are prepaied is conslslent with the financial slalemenls: and the Report of the Truslees has been prepared in aGcordance wllh appllcable legal requiremenls. Matters on which we are rèqulred to report by exceptlon In the lighl of Ihe knowledge and understanding of the charitable company and ils 6nvifonmenl obtained in Ihe course of the audit, we have not iderbtified rnalerial misslatements in the Report of the Trustees. We h8ve nothing lo report in respect of the following matters where Ihe Companies Acl 2006 requlres us lo réport to you if. in our opinion: adequate accounting records have not been kept or retums adequate foi our audit have not been received from branches not visited by us., or the financial slalements are not In agreement with Ihe accounting records and returns: or certain disclosure5 of trustees, remuneration specified by law are not made-, or we have not received 811 the informalion and explanalions we require for our audil. or the Irusle&s were not enlilled lo lake advantage of the small companies exemption from Ihe requirement lo prepare a Slrateglc Report 01 in preparing the Report of Ihe Trustees. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WESSEX RIVERS TRUST Re3ponsibilitie5 of trustees As explained more fully in the Slalement ol Trustees, Responsibililies. Ihe ITUStees {who are also the directors of Ihe charitable company for the purposes of company law) ale responsible for the preparation of the financial statements and for being sallsfied Ihal they give a true and fair view, and for such inlernal control as the trustees determine is necessary lo enable the preparation of financial statemenls Ihat are free from material misstatement, whether due to fraud or error. In preparing the fsnancial stalemenls, the trustees are responsible for assessing the charilable company's abilily to conlinue 28 2 going concern, disclosing, as applicable. mallers relaled lo gDing concern and using the going concern basis of accounllng unless Ihe Iruslees either intend to liquidate tho charilable company or lo cease operations, or have no realistic allernalive bul lo do so. Our responslbllltlgs for the audit of the flnancial statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls 85 a whole are free from malérial misslalemenl, whether lo fraud or erior, and to Issue a Report of th6 Independent Auditors Ihal includes our opinlon. Reasonablé assLtrance is a high level of assurance, but is nol a guarantee that an audil conducted in accordance wilh ISAS {UKI will always delect a material misslalomonl when il exists. Missl8lements can arise from fraud or error and are considered material if. individually or in the aggregale, they could reasonably be expected to inlluence the economic decisions of users taken on the basis of Ihese financial slatemenls. Irregularilies, including fraud, are Inslances ol non-compllance wilh laws and regulallons. We design procedures in line with our responslbllilies, outlined above, lo dotecl material misslalemenls in respect of irregularities, including fraud. The exlenl to whlch our procedures are capable of delecling irregularities. includin9 Iraud is delailed below.. As part of our audit planning procedures we identify the significant laws and regulations applicable to the company ba8ed upon our knowledge of the company, the induslry in which it operates and from making enquiries with management. We conslder those laws and regulallons where non-compliance rnay have a malerial effect on Ihe financial statements and thos8 which have a direct impact on lh8 financSal stal8menls. We identified that the most slgnlficanl laws and regulalions applicable during the year were compliance with the requiremen18 of bolh the Companies Act 2006 and with cherily18w and regulations and compliance wilh environmenlal reguialions. Audit procedures performed by the engagemeiit leam in relalion to laws and regulatlons Include making enquirias of management as to any known or svspecled instances of non-complianc&, malntalnlng awareness throughout the course of Ihe audil as lo any Indicatlons ol instances of non-compliance, undertaking a review of cenlral recoTds of accidents and Incldents for Indications of instances of non-compliance, reviewing legal and professional invoices and undertaklng a review of the disclosures in the financial slalements to supporting information and to disclosure checkllsls. We also corssider areas Ih81 are al a higher risk of causing mal8rial fflisstalemenl In th8 financi81 slalemenls due 10 irregularilles, includlng those resulting from fraud and how such ffaud may occur. We discuss wilh senior management the key controls in place lo mitigate the risk of fraud and enquire as to whether Ihey 8re aware of, or suspecl, any fraudulent aclivllles havlng laken place. Throughoul Ihe audil, we maintain an appropriate level of professional sceptscSsm when provlded with Informallon and explanations. We conslder the appropriateness of significant accounting journals that wore processed during the year, assess the reasonableness of any significanl accountlng eslimates and consider whelher there were any indications of bias by management during Ihe year Ihal represents a risk ol maleTial misslalemenl due to fraud, We also carry out analytical procedures lo identify Sny unusual or unexpected varfances lo expeclallons as these may be an indicallon of management over-iide or management bias. Because of the inherent limilations of an audit, there is a rlsk that we wlll not delecl all irr8gularllles, Including those leading to a materlal mlsslalemenl In the financlal slalements or non-compliance with regulalion. This risk Increases Ihe more that compliance with a law OT regulation is removed from the evenls and transactions ieflecled in the financlal slatemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also grealer regarding Irregularllies occurring due to fraud rather Ihan error, as fraud involves intentnal concealment, forgery. colluslon, omission or mlsrepresenlallon. A further description of our responsibililies for Ihe audit of Ihe financial statements is located on Ihe Financial Reporting Council's website at www.frc.org.uklauditorsrespoTrsibililies. This description forms part of Dur Report of the Independent Audltors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WESSEX RIVERS TRUST Use of our report This report is made solely to the charitable companls mem[S. as a body, in accordance wilh Chapter 3 of Part 18 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charilab16 company's members those matters we are required to slate to Ihem in an auditors, report and for no other purpose. To the fullest exlent pefmilled by law, we do not accepl or assume responsibilily lo anyone other Ihan the charilable comp8ny and the charitable company's In8mbets as a tK)dy, for our audit wotk, for Ihis report, or for the opir)ion5 we have formed. Graham Taylor {Sonior Stalulory Auditor) for and on behalf of Langdowns DFK Limited Slalulory Audllor Klngsgale House, North Wing, Ground Floor Newbury Road Andover Harnpshire SP10 4DU Tl4 Dale: Page g
WESSEX RIVERS TRUST STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2024 2024 Tolal funds 2023 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 45,282 45,282 17,731 Charltable actlvltles Education, research, advocacy, conservation and habllal enhancement General 1,211,669 1,211,669 50,562 1,459,837 40,000 50,562 Other Iradlng acllvllles Inveslmeiil income 13,903 13,903 14,450 Total 122.417 1211669 1334,086 1532018 EXPENDSTURE ON Charltable actlvltles Educalion. research, advocacy, conseNalion and habilal enhancement 33,741 1,101792 1135533 1,449,383 Tolal 1101792 1135,S33 1449,383 NET INCOME Transf8r8 between funds 88,676 3,9091 109,877 198,553 82,635 18 Net movement in fund8 84,767 113,786 198,553 82,635 RECONCILIATION OF FUNDS Tolal funds brought forwaid 305,044 125,608 430,652 348,017 TOTAL FUNDS CARRIED FORWARD 389811 239 394 629 205 430 652 The noles fomi part of these financial slalement8 Page 10
WESSEX RIVERS TRUST REGISTERED NUMBER,. 06822819 BALANCE SHEET 30TH JUNE 2024 2024 Totsl funds 2023 Total funds Unrestricled fund Restricted funds Notes FIXED ASSETS Tangiblg assels Investments 14 15 3,002 3,002 4.328 3,003 3,003 4,329 CURRENT ASSETS Debtors Cash al bank 16 2,850 411492 96,945 336 714 98,796 748 206 64.366 876,116 414,342 432,659 847,001 940,482 CREQITORS Amounts falllng due wllhln one year 17 (27,634) (193,266 1220,799) (514,1591 NET CURRENT ASSETS 386 808 626 202 426 323 TOTAL A88ET3 LE3S CURRENT LIABILITIE8 389,811 239,394 629,205 430,652 NET ASSETS 389811 239 394 629 205 430 652 FUNDS Unreslricled funds ReslTlCted funds 18 389,811 239 394 305,044 125608 TOTAL FUNDS 629 205 430 652 The8e financial slatem8nts have been prepared in accordance wlth the provlslons applirAble to charitable companles subject lo th8 small companies reglme. The flnancSal slatements were approved by th& Board of Twstees and aulhorl8ed for Issue on 28th January 2025 and were signed on i behalf by.. MrGES eligman IChalr} - Trustee Mr A N J Baring - Truste The notes fonn part of these financial statements Page 11
WESSEX RIVERS TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH JUNE 2024 2024 2023 Notes Cash flows from operatlng actlvities Cash gerberaled from operations 139,981) 313,544) Nel cash used in operallng aclivllies 139 9811 313,544) Cash flows from Investlng actlvltles PurGh8se of langible fixed assels In16resl r8cèlved {599) 12,670 Net cash provided by investing aclivilies Change in cash and cash equlvalent8 In the reportlng perlod Cash and cash equlvalonts at the beglnnlng of th8 reporting perlod (127,910) (313,544) 876 116 1,189660 Cash and cash equlvalents at the end of the reportlng perlod 748 206 876 116 The notes fom) part of these financial slalements Page 12
WESSEX RIVERS TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH JUNE 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Income for tho reporting period (as per the Statement of Financial Actlvltles) Adjustments for: Deprecialion charges Interest received Ilncrease>ldecre8se in debtors Decreasè In credilors 198,553 82,635 1,925 (12,6701 {34,4291 293 3601 2.850 6,901 405,930 Net cash used In operatlons 139 9811 313 544) ANALYSIS OF CHANGES IN NET FUNDS At 1.7.23 Cash flow At 30.6.24 Net cash Cash al bank 876 116 127 9101 748 206 876 116 127,910) 748 206 Total 876,116 127910) 748,206 The notes form part of these financial statemenls Page 13
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 STATUTORY INFORMATION Wessex Rivers Trust is a company limited by guarantee. regislered in England and Wales without share capilal, the guarantors being the members to the exlenl of £1 each. The company's registered number and gIstered office address can be found In the Trustees. Reporl. ACCOUNTING POLICIES Basls of prèparlng the flnancial statements The financial slalements of Ihe charitable company. whlch is a public benefit enlily under FRS 102. have been piepared in accordance wllh the Charities SORP {FRS 102) 'Accounling and Reportlng by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financi85 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republlc of Ireland, and Ihe Companles Act 2006. The financial statem8nls have been prepared under the historical cosl convenlion, wilh the exception of investments whlch are Included at markol value. The financlal slalemenls are presenled in Slewling, which is also Ihe functlonal currency of Ihe company. The financial stalemenls have been prepared on a golng concern basis as the trustees believe that no material uncertalntles exlsl. Tho Ifuslees believe that Ihe budgeted income and expendilure is sufficient with the lev81 of reserves for the Charity lo be able lo contlnue as a golng concern. The trustees have considered the level of funds held and the exp8cled level of Income and expendilure for a period of 12 months from aulhorising these financial stalemenls. Preparatlon of con8011dated flnanclal statements Th8 financlal slalemenls contain information about Wessèx Rlvers Tnjsl as an individual company and do nol conlain consolid8led financial Inforrnalion as the parenl of a group. The charily is exeinpl undèr Secllon 399{2A} of the Companles Act 2006 from the requiiemenls to prepare consolidated financlal slatem8nls. Income All Income is recognised in the Slalemenl of Financlal Activities oncè the charily has enlillemenl lo Ihe funds, It is probable that the income will be rec8iV8d and Iha amount can be measured reliably. Donalions are included when received. The charlty recelves governmenl granls in respect of habllat Improvement and river resloralion projects. Income from government and other granls are recognised al fair value when the charity has enlillemenl after any performance conditions have been mel, it Is probabl8 that Ihe income will be received and the 8mount can be measured reliably. If enlitlemenl Is not mel then Ihese amounts ale deferred. Supporter8 Income, Including life membeiship. is included on a reip1S basls. All olher Inme is included on an aocTuals basls. Expendlture Lldbililies are recognised as expendlture as soon as there is a legal or conslrucltve obllgatlon commitllng Ihe charity lo Ihal expenditure, il is probable Ihat a Iransler of economlc benefits wlll be required In setllement and the amount of Ihe obligation can be measured reliably. Expenditure is accounled for Dn an accruals basis, inGlusive ol VAT which cannot be recovered. and has been classified under headings Ihal aggregate all cost related to the category. ere costs Gannot b8 directly allributed to particular headings they have been allocated lo acliyities on a basis conslslenl wilh Ihe use of resour5. Expenditure on charitable aclivities comprises Ihose cosls associated with eduGalion, research, advocacy, onservallon and habilal enhancement. Governance cosls Include Ihose costs associated wilh meeling the conslilullonal and slatulory requirements of the charily and include the audil fees. GoveTnance cosls are no longer shown as a separate expense category bul are allocated between expense c8legorie5 accordingly. Other expendilure represents Ihose items nol faI.ng into any other heading. The trustees carry out fundraising on behalf of Ihe charity free of chargo. Page 14 conlinued..
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024 ACCOUNTING POLICIES- Contlnued Tangible fixed assets Depreciation is provided al the following annual rates in order to write off each assel over lis eslimated useful life. F&xlures and filllngs Motor vehicles Compuler equipment 200/0 Straighl Ilne 330h on reducing balance Slralghl line over 3 years All fixed assets are initially recorded at cost. Taxatlon The company Is exempt from corporation lax on ils charitable activities. Fund accountlng Unreslricled funds can be used In accordance with Ihe charitable obleclives al the dis¢r61ion of the trustees, R8slric18d funds can only be used for particular restricled purposes within Ihe objects of the charily. Restrictions arlse when specified by the donor or when funds are raised lor parlicular reslricled purposes. Further explanation of Ihe nalure and purpose of ea¢h fund is included in note 18 to the financial slalemenls. Foreign Currencies Assets and Ilablllll85 In forelgn currencies are Ir8nslaled into sleTling at the rales of 8xchange rulino al the balance sheel dale. Transaclions in foreign currencies are Iranslated into sleiling al the rale of 8xch8nge ruling al the date of Iransaclion. Exchange differen¢es are laken into account In arriving at the operatlng result. Penslon costs and other post-retirement benefits Conlribtjlions payab16 by the charitable company are charged lo th8 Slatemenl of Financial Activities in the period to whlch Ihey relale. Debtors and credltors recolvablelpayable wlthin one year Deblors and creditors with no staled interest rale and receivable or payablè wilhln ono year are recorded at Iransaclion pri. Any losses arising from impairmenl are recognised In exp8ndllure. Cash at bank Cash at bank ¢omprlses cash held al bank which Is Immediately available. Loa$es Rentals p8ld under operaling leases are Included In Ihe SOFA on 8 straighl line basis over Ihe lerm of the lease. Investments In subsldlarles Inveslmenls in subsidiary und¢rt8kings are recognised al cosl. DONATIONS AND LEGACIES 2024 2023 Donallons Logacies Membership income 20,129 21,963 14,357 45,282 17,731 Page 15 continued...
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 30TH JUNE 2024 OTHER TRADING ACTIVITIES 2024 2023 Fundraising event8 Sponsorships 1,643 2,750 11,700 14,450 INVESTMENT INCOME 2024 2023 Deposit a¢¢ount interest 12,670 INCOME FROM CHARITA8LE ACTIVITIES £339,282 (2023: £202,172) of government gTants were received from the Environment Agency and National Highways which were used lo prepare, design and deliver a number of habllat improvement and river restoralion projects in the catchments of (he Avon and Test. The granls covered the direcl and indirect costs of staff tiine, consultant and contractor fees as well as Ihe purchase of materials, consumab186 and small èqulpmenl. CHARITABLE ACTIVITIES COSTS DiTect Cosls (s68 no18 8) Supporl costs (see note 9) Tolals Educalion, research, 8dvoc8Cy. conservallon and habilal enhancement 1119 864 1.135 633 1119864 1135 533 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Slaff costs Conlraclors Meèllng rooms and sundrie8 Travel Consultancy le8S Malerlals Equlpment Insurance Telephone and broadband Piinling, postage and stalionery Sundries Administratorfs fee & book-keeping Officé facililles Office Tepairs & renewals Advertising Programme development Offir'S equipment Computer consumables and software Training Legal fees 451.607 500,004 276 29,986 9,227 44,943 1,706 10,021 4,245 1,439 5,010 17,235 24,707 6,363 2,067 2.154 4,740 4,048 86 435,084 699,469 308 27,914 9,864 180,111 2,272 8,434 3,691 1,621 5.612 18,472 26,641 4,035 2,478 1,018 3,537 3.981 73 1119 864 1,432,615 Page 16 conlinued..
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - conttnued FOR THE YEAR ENDED 30TH JUNE 2024 SUPPORT COSTS Governance cosls General Included in governance costs is £13,620 (2023.. £13.800) of fees payable lo Ihe reporting audilorlaccountanl. 10. NET INCOMEIIEXPENDITURE) Nel incomel{expenditure) is stated after chargingl{crediling)'. 2024 2023 D8preciatlon - owned assels Audilois Temuneralion Operating lease rentals 1,925 13.620 2,850 13,800 11. TRUSTEES. REMUNERATION AND BENEFITS Theie were no trustees, remunerallon or olher benefils for the year ended 30th June 2024 nor for Ihe year ended 30th June 2023. Tru$te8s' expenses There We no expenses relmbur8ed lo Iruslees during Ihe year ended 30 June 2024 or 30 June 2023. 12. STAFF COSTS 2024 2023 Wages and salaries Social securlly Costs Other pension costs 403,197 19,476 28.934 377,113 29,305 28,666 451607 435 084 The average monlhly number of employees durlng the year was as follows: 2024 2023 Executiv6 officer Calchmonl offlcers & manager Prolecl & Senior project officers. Director Education officers & manager Supporl officers 11 19 18 No employees received emoluments In excess of £60,000. The key man8gemenl personnel of the charily comprise the truslees and the senior managemenl team. The total employee benefits comprising salary, pension contributions and the related Employers Nalional Insurance Conlribulions of the key personnel of the charity were £60,117 (2023.. £62.573). The number of key personnel during the year was 1 (2023.1). Page 17 conlinued...
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS-contlnued FOR THE YEAR ENDED 30TH JUNE 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Uiiiesliicled fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 17,731 17,731 Charitable aclivltles Education, research, advocacy, conseNation and habltal enhancement General 1,459,837 1,459,837 40,000 40,000 Other trading activities 14,450 Total 72,181 1,459,837 1532,018 EXPENDITURE ON Charltabl8 actSvltl8s Educalion. iesearch, advocacy. conseTvatlon and habilal enhancement 48,545 1,400,838 1449 383 Total 48,545 1400,838 1,449,383 NET INCOME Transfers between fund8 23,638 58,999 3,152 82,635 Net movement In fund8 20,484 62,151 82,835 RECONCILIATION OF FUNDS Total funds brought fOard 284,560 63,457 348,017 TOTAL FUNDS CARRIED FORWARD 305,044 430 652 14. TANGIBLE FIXED ASSETS Fixtures and fitlings Motor vehicles Computer equipmenl Totals COST At 151 July 2023 Additions 1,800 7,194 6,960 599 15,954 599 AI 30th June 2024 7,194 7,559 DEPRECIATION Al 1 st July 2023 Charge for year 450 360 5,655 513 5,521 1,052 11,626 1,925 AI 301h June 2024 810 NET BOOK VALUE AI 30th June 2024 990 1,026 986 AI 30th June 2023 1.350 1.539 Page 18 continued...
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30TH JUNE 2024 15, FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE Al 1 st July 2023 and 30th June 2024 NET BOOK VALUE At 30th June 2024 At 301h June 2023 There were no Inveslmenl assels outslde th6 UK. The company's investments al Ihe balance sheet date In the share capllal of companies include Ihe following: Wessex Rlvers SeNlcès Llmited Regislered oifice.. The Granary Phillips Lane. Slretford-Sub-C8Stle. Salisbury, Willshlr8. SP13YR. Nature of buslness.. Cultural Education Class of share: Ordinary holding 100 2024 2023 Aggregate capital and reseNes Loss far th8 year 3,064 3,740 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtor8 64,366 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Amounts owed lo group underiaklngs Social security and other taxes Other creditors Deferred income Accrued expenses 2,471 7,645 12,077 184,986 2,741 11,929 18.044 468,845 12,600 220 799 514 159 17. DEFERRED INCOME Under 1 year Over 1 Year Total Al 1 st July 2023 Addltions during Ihe year Amounts released lo Income As at 30th June 2024 468,845 184,986 468 845 468,845 184,986 468 845 184 986 Incom6 has beon deferred pending complelion of specific conditions relating to Ihe gianl agreement and terms. Page 19 continued...
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024 18. MOVEMENT IN FUNDS Nel movement in funds Transfers between funds At 30.6.24 Al 1.7.23 Unreslrlcted funds General fund 305,044 88,676 {3,909} 389,811 Restrlcted funds Wessex Salmon & RIv6rs Trust Rivers Test & Ilchen Catchment Based Approach - joint h051ing River Avon Catchment Based Approach - hosting Ediication Research & Monitoring Rlver Slour- Capildl Projects Rivers Te$1 & Ilchon - Capital Projeds River Avon - Capital Projects 35,550 {26,4791 9,071 3,321 10,521 17,714 7,634 19,021 31.847 12,961 47,319 (9.0201 4,554 98,128 17 586) 16,282 57,943 8,694 12,188 117,149 103 125608 109 877 239 394 TOTAL FUNDS 430 652 198 553 629 205 N61 movement in funds, included in the above are as follows: Incoming resources Resources expènded Movement In funds Unrestrlcted fund8 General fund 122,417 (33,7411 88,676 Restrlctod funds Rivers Tesl & Ilchen Calchm8nl Ba88d Approach - Joint hosting River Avon Catchment Based Approach - hosllng Educalion Research & Moniloring River Stour- Capi181 Projects Rlvers Test & Ilchen - Gapllal Projects Rlver Avon Capital Projects 2,001 (28,4801 {26,479) 42,102 146,207 20,000 68,629 654,682 278,048 129,141} 198,8881 (29,0201 (64,075) (556,5541 295,6341 12,961 47,319 19,020) 4,554 98,128 17,5861 1,211669 11017921 109 877 TOTAL FUNDS 1334 086 1 135 533) 198 553 Page 20 conlinued...
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024 18. MOVEMENT IN FUNDS - continued Comparatlves for movement In funds Nel movement in funds Transfers belween funds Al 30.6.23 Al 1.7.22 Unrestrlctod funds General fund 284,560 23,636 (3.152) 305,044 Re8trlcted funds Wèssex Salmon & Rivers Trust Rivers Test & Ilchen Catchmenl Based Approach - joint hostlng River Avon Calchment Based Approach - hosting Education R6search & Monitoring River Stour - Capital ProjeGIs Rivers Tesl & Ilchen Capital Projects Rlvfjr Avorb - Capital Proj8cIs (64) 6,607 28,943 35,550 3,738 4,037 7,055 11,241 10,456 20,259 (417) 6,484 10,659 (3,607) 8,565 8,436 3,321 10,521 17,714 7,834 19,021 31,847 3,152 63,457 58,999 3,152 125,608 TOTAL FUNDS 348,017 82.635 430,852 Comparative nel movemenl in funds. included in Ihe above are as follows., Incoming resources Resources expended Movement Sn funds Unrestrlcted fund8 Gerseral fund 72,181 (48.545) 23,636 Rostrlcted funds Wessex Salmon & Rivers Trust Rivers Test & Ilchen CatchffnI Based Approach - joint h061ing River Avon Cal¢hmenl Based Approach - hosling Educdtlon Research & Monitoring Rlvor Slour - Capilal Projecls Rlvers Test & Ilchen - Capital Projects River Avon - Capllal Prolecls (64) (641 82,500 (33,557) 28,943 28,000 89,983 27,000 30,539 1,120,795 103 020 (26,417) (83,499) (16,341) {34,146) {1,112,230) 94,584 (417) 6,484 10.659 (3,607) 8,565 8,436 1.459,837 1.400.838 TOTAL FUNDS 1,532 018 1449,383) The charlty recognises Ihal the following funds are held for splfiC purposes.. Wessex Salmon and Rivers Trust - Nel assels received frDm the Wessex Salmon and Rlvers Trus1, a charity whlch has been dissolved. which are to be used for the purpose of making an educalional film about Salmon. Produclion of Ihe film was delayed duo to the Covld-19 lockdowns bul was completed in Ihe year lo 30th June 2021. Rivers Test & Ilchen Calchmenl Based Approach joint hosling - Funds received from conlribulors lo co.host the Test & Ilchen Catchment Partnership with Ihe Hampshire & Isle of Wighl Wildlife Trust, a Defra nalional inilialive lo obtain the engagement and pariicipation of all relevant stakeholders in priorilising and implementing actions lo brlng aboul ecological improvements to Ihe rivers and other waler bodies wilhin the relevant catchment. Page 21 continued,..
WESSEX RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30TH JUNE 2024 18. MOVEMENT IN FUNDS - continued River Avon Calchment Based Approach hosting Funds received from conlribulors to host the River Avon Calchmenl Parinership, a D8fra national inilialive to obtain the engagement and partlclpallon of all relevanl stakeholders In priorilising and Implementing aclions to bring about ecological Improvements lo the rtvers and other water bodies within the relevant calchment. Educalion Funds received from conlribulors lo educate. infom) and build awareness of the importance and fragilily of river habitats and to inspire a sense of value for Ihem in Ihe broader community. Research & Monitoring - Variou5 projects includlng work funded through Ihe HDH Imlls Charilable Trusl lo inve81igale the slalus of the River Slour through assessing inverlebrate populations. River Stour Capital Projects - Developing and delivering habilal enhancemenl projects on the River Stour through an Enforcement Under18king. Rivers Test & Ilchen Capltal Projects - Funds received for river habilal improvemenl projecls, ongolng at Ihe year end. River Avon Capital Projects - Funds received from various sources were partially expended on habitat design and delivery. The work was ongoing al th8 year end. Transfers belween funds The Irusleés have agreed lo the following contributions from unreslrlcled funds= Educallon £103 (2023.. £NIL) and River Avon - Capi181 Projects £3,806 <2023.. £3,152). 19. OTHER FINANCIAL COMMITMENTS Tolal future flnanclal cornmllments. guarantees and contlngencles which are not Included in the balance sheet amount to £24,40012023: £44,700). Thls amounl is In rèlation lo operallng lease C¢)mmilmenls which are payable over Ihe nexl one to two years (2023: one lo three years). 20. RELATED PARTY DISCLOSURES The charllable company is controlled by the trustees who are all directors of Ihe company. During Ihe year, Ihe charlly was gifted £1,997 (2023: £9,755) from Il's Iradlng subsldlary Wessex Rlvers Services Llmlted. G.E.S. Seligman Is also a Irustee of the Wild Tioul Trust a ch8rity with whom Wessex Rivers Trust collaborates on various aclivities and projects. During the year a staff member of the charily allended meetings with Ihe Environmenl Agency regarding the fulure of a lake silvaled on the eslale of onè of Ihe Irustees. These meetings look place al the request of the Environment Agancy and Ihese visils fell within the charity's charitable purposos. In total tha value of Ihls staff time amounted lo £1,811. Donations tolalling £2,OCQ were recewed from Ihe Iruslees. 24. LEGAL STATLIS OF THE TRUST The Trusl Is g company Ilmited by guarantee and ha5 no share capSlal. In Ihe event of Ihe company belng wound up the maximum amount by which each member is liable to contribule Is £1. Page 22
WESSEX RIVERS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacles Donallons Legacies Membership income 20,129 21,963 3,190 14,357 3,374 45,282 17,731 othor tradlng activltle8 Fundraising events Sponsorshlps 1,643 12,260 2,750 13,903 14,450 Investment Income Deposll account Interest 12,670 Charitable activlties Grants 1,262,231 1,499,837 Total Incomlng resource8 1,334,086 1,532,018 EXPENDITURE Charltable actlvitle8 Wagos Social security Pensions Conlraclors Meeting rooms and sundries Travel Consullancy fees Materials Equlpment 403,197 19,478 28,934 500,004 276 29,986 9,227 44,943 1,706 377,113 29,305 28,666 699,469 308 27,914 9,864 180,111 2,272 1,037,749 1,355,022 Other Insurance Telaphone and broadband Printing, postage and siallonery SundTies Adminislrator's fee & book-keeping Office lacililios Office repairs & renewals Advertising Piogramme development offlcerfs equipment Compuler consumables and software Tralning Legal foes 10,021 4,245 1,439 5,010 17,235 24,707 6,363 2,067 2,154 4,740 4,048 86 8,434 3,691 1,621 5,612 16,472 26.641 4,035 2,478 1,018 3,537 3,981 73 82,115 77,593 This page does r1 form part of the slalulory financial slalemenls Page 23
WESSEX RIVERS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024 2024 2023 Support costs Governance costs Accountancy fees Bank charges Depreciation of tangible fixed assets 13,620 124 13,800 118 2,850 15,669 16,768 Tolal resources expended 1135,533 1,449,383 Net In¢omo 198,553 82,635 This page does not form part of Ihe statutory financial stalemenls Page 24