2021-07-31-accounts - Severn Rivers Trust

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Trustees			Mr C RS Birrell
			Mrs P A Cameron Watt
			Professor l P Msddock
			Mr PSMarshall
			MrJ Olstead
			MrJFSmithson
			Mr A Wsdgbury
			Dr LAWheeler
			Mr SSSidhu	(Appointed	19April	2021)
Secretary			Ms L Lefferly
Charity registration		number	113409B
Company	registration	number	OB642409
Registered	office		3 Hope House Farm Barns
			Martley
			Worcestershire
			WR6 6QF
Auditor			Ormerod Rutter Limited
			Chartered Accountants
			Ths OaKley
			Kidderminster Road
			Droitwich
			Worcestershire
			WR9 9AY
Senior management		team	Mike Morris - Chief Executive Office (resigned					August	2021)
			Joe Plmbiett- Chief Executive Officer (appointed					August		2021)
			Liens Lsfferty - Head of	Firisnce
			Melisss Hoskings - Head of Land		Management			(resigned		August 2021)
			Alice Fallen - Head ofCommunity		Engagement
			Mike Wlnstenley - Head	of Habitat	Restoration		(resigned			November 2020)
			Matt Marston —Head of Land Management			(appointed			November 2021)
			Ashley Deans - Head ofRiver Restoration			(appointed			April 2021)

	Page
Outgoing report from Chief Executive Officer
Chair's report
Welcome from Chief Executive Officer
Trustees' report	4-1B
Independent auditor's report	17-19
Consolidated statement offinancial activities	20
Consolidated balance sheet	21
Company balance sheet
Consolidated statement ofcash flows
Notes to the financial statements	24 —39

		Unrestricted	Restricted		Unrestricted	Restricted
		funds	funds	Total	funds	funds	Total
Igggme from:		2021	2021	2021	2020	2020	2020
		f	f	f		f	f
Donations and		178,927	1,316,029	1,494,955	146,077	797,742	943,819
grarits
Other trading		19,621		19,621	65,710		65,710
activities
Other income		17,902		17902	60467		60,467
Total income		216,450	1,316,029	1,532,479	272,254	797,742	1,069,996
~Edit
Raising funds		188,778		188,778	166,521		166,521
Chadtable		(94,210)	1,145,059	1,050,849	95,787	759,523	855,310
activities
Corporation tax					470		470
Total		94,568	1,145,059	1,239,627	262,778	759,523	1,022,301
expenditure
Net incomel
(expenditure)l		121,882	170,970	292,852	9.476	38,219	47,695
Net movement	In
funds
Reconclgatlon	of
funds:
Total funds		(128,877)	209,349	80,472	(138,353)	171,130	32,777
brought forward
Total funds		(5,995)	380,319	373,324	(128,877)	209,349	80,472
carried forward

			2021	2020	2020
		Notes	6	6	6
Fixed assets
Tangible assets		12	15007		4,479
			15,607		4,479
Current assets
Debtors		14	351,706	129,587
Cash at bank and in	hand		700 103	611,326
			1,057,809	740,915
Creditors: amounts	falling due within one
year		15	~090723	~004 922
Net current assets			350 088		76 093
Total assets less current liabilities			374,693		80,472
Creditors: amounts	falling due after more		(1,369)
than one year
Total net assets			373324		80472
Charity funds
Restricted funds Unrestricted funds		17 17	380,319 ~6,095		209,349 ~120 8'77
Total funds			373324		80.472

ASAT21JUL	Y2	021
							2021			2020
					Notes				5		6
Fixed assets
Tangible assets						12			15,050		4,258
Investments						13			1		1
									15,051		4,259
Current assets
Debtors						14	236,351			97,458
Cash at bank and	in	hand					476 190			453,621
							712,549			551,079
Creditors: amounts year		felling due within ons				\6	~354073			477 093
Net current assets									358476		73980
Total assets less current liabilities									373,527		78,245
Creditom: amounts		falling due after			more				(1,369)
than one year
Total assets									372 150		78 245
Charity funds
Restricted funds Unrestricted funds								380,319 ~0767		209,349 ~137 104
Total funds									372 158		70245
The COmpany Waa	entitled tc eXemptiOn			fram audit under			SeOtian 477 Ofthe		Companies	ACt 2006.The membera
have nct required	the	entity to	obtain	Sn audit fcr		the year In queatiOn		in	aCCOrdanOe	with section	476 Of the
Companies Act 2006.		However,	an audit		is required	in accordance with		section 151of		the Charities	Act 2011.

			Notes	2021 f		2020 f
Cash flows from operating	activities
Cash generated from operations			22		105,459	(2,352,914)
Taxation paid					(470)
Net cash flow from operating		activities			104,989	(2,352,914)
Cash flows from Investing	activities
Purchase oftangible fixed assets				19,736		1,464
Net cash used in investing	activities				(19,736)	(1,464)
Cash flows from financing	activities
Hire purchase				9,522
Receipt of loan						205 775
Net cash used in financing	actfvittes				9,522
						2D5 775
Change in cash and cash					94,775	(2,148,603)
equivalents
Cash arid cash equivalents	at				611,328	2,759,931
beginning ofthe year
Cash and cash equivalents	at	end of
the year					7DD 103	511 325

their usefu	l lives on the following	bases:
Plant and	machinery	-straight	fine over 10years
Motor vehicles		-straight	fine over 4 years
Computer	equipment	-straight	line over 3years

Donations and	grants
	Unrestricted	Restricted		Unrestricted	Restricted
	funds	funds	Total	funds	funds	Total
	2O21	2021	2021	2020	2020	2020
		6	6		2	8
Donations	16,573	1,000	18,573	28,548		28,548
Grants	163,354	1,315,029	1,478,383	117,529	797,742	915,271
	178927	1 318029	1 494,956	146,077	797,742	943,819

Other tr	ading activ	ities - non char	itable Income
		Unrestricted	Restricted		UnrestrIcted	Restricted
		funds	funds	Total	funds	funds	Total
		2021 8	2021 8	2021 6	2020 f	2020	2020
BREconsultancy		19,729		19,729	1,720		1,720
income
SREother income		108		108	63990		63990
		19621		19821	65710		65,710
Other income
		Unrestricted	Restricted		Unrestrirted	Restricted
		funds	funds	Total	funds	funds	Total
		2O21f	2021f	2021	2020 6	2020 8	2020 2
Fishing	passports				169		169
Other income					400		400
Furlough	income	17902		17,902	59,898		59,898
		17902		17902	80,487		60,467

6	Raising funds
			Unrestricted	Unrestricted
			2021	2020
				6
	Project oosts		175,249	148,228
	Rent and rates		4,668	4,568
	IVIotor and travel expenses			53
	Bank charges		180	151
	Printing and stationery		105	347
	Telephone and postage		116	20
	Governance costs		4,282	3,063
	Sundry expenses		1,055	6,110
	Safeguarding			3,431
	Staff training		2,622	228
	Depreciation oftangible	fixed assets	501	222
			188,778	166,521
7	Charitable activities
			2021f	2020
	Staff costs		506,219	433,317
	Depreciation and Impairment		8,107	2,972
	Project, travel and subsistence		23,038	24,895
	Project work Other project costs		440,962 11831	306,790 20 130
			990,157	788,104
	Share ol' support costs (see note 8) Share ofgovernance costs (see note 8)		54,386 6306	59,692 7 514
			1 060 849	355310
	AnalysIs by fund
	Unrestricted funds Restricted funds		(94,210) 1145059	95,787 759623
			1 050 849	856 310

O	R THE YEAR ENDED	R THE YEAR ENDED	31JULY202	1
8	Supportcosts
			Support	Governance	Total	Support	Governance	Total
			costsf	costs	2021f	costs	costsf	2020
	Travel and subsistence		4,352		4,352	2,588		2,558
	Marketing	costs	4,696		4,698	1,383		1,383
	Other support costs		44,717		44,717	49,221		49,221
	Gain/loss	on foreign
	exchange		621		821	6,520		6,520
	Governance costs			6306	8,306		7514	7514
			54388	6,308	80,692	59,692	7514	87208
	Analysed	between:
	Chaditable	activities	54,386	6,306	60,692	59,692	7,514	87,208

The average monthly number ofem	ployees during the year fo	r the group wa	s as follows:
			Group	Group
			2021	2020
			Number	Number
Management			4	4
Field Operatives			17	14
			21	18
Employment costs	Group	Group	Company	Company
	2021f	2020	2021 f	2020 f
Wages and salaries	491,513	445,795	431,403	369,339
Social security costs	39,525	34,756	39,625	34,756
Other pension costs	36 191	29 222	35 191	29 222
	566 329	569 773	596219	433317

his is stat	ed after chargi	ng:
			2021f	2020f
Depreciation			8,608	3,194
Auditors'	remuneration	-audit	5,150	5,150
Auditors'	remuneration	-other services	2,890	2,890
Operating	lease rentals		11 392	~14 206

Group
		Plant and	Computer	Motor
		Nlachlnery	equipment	Vehicles	Total
		8	6	8
Cost
At 1 August 2020		15,052	21,451	21,602	58,115
Additions			5 746	1390D	19736
At 31 July 2021		15062	27 197	35592	77 851
Depreciation and
Impairment
At 1 August 2020		12,759	19,275	21,602	83,636
Depreciation charged	in the	1,506	3,604	3,498	8,608
year
At 31 July 2021		14285	22.879	25 100	62244
Carrying amount At31 July2021		797	4315	10492	15,607
At 31 July 2020		2 303	2.176		4479
Company
		Plant and	Computer	Nlotor
		Machinery	Equipment	Vehicles	Total
			8		8
Cost
At 1 August 2020		15,062	20,786	21,602	57,450
Additions			4909	13990	18599
At 31 July 2021		15,082	25 695	38592	75 349
DeprecIatIon and
impairment
At 1 August 2020		12,759	18,831	21,602	53.192
Depreciation charged year At 31 July 2021	in the	1,506 14,265	3103 21934	3498 25100	81D7 61299
Carrying amount
At 31 July 2021		797	3761	10492	15,06D
At 31 July 2020		2 3D3	1 955		4 258

Company
	investment
	In
	subsidiary
Cost or valuation	companyf
At 1 August 2020 631 July 2021
Carrying amount
At 31 July 2021
At 31 July 2020

ebtors
		Group		Company
Amounts falling dve vvlthin one year:		2021f	2020f	2021f	2020
Trade debtors		183,109	28,435	137,568	5,943
Amounts dve	to group undertakings			'l2,554
Other debtors			70		70
VAT debtor		10,607
Prepayments	and accrued lrlcome	152 990	101 082	89,229	91 445
		351 708	129587	236,351	97458

							Group		Company
							2021	2020	2021	2020
									2	6
Other borrowings							205,775	205,775
Obligations under		finance leases					8,153		8,153
Other taxation and			social security				11,178	19,261	10,697	10,173
Trade creditors							9,424	15,375	9,058	4,575
Amounts	owed to	group			undertakings					192,241
Other creditors							707	282	707	282
Accruals	and deferred Income						463,486	424,229	325,458	269932
							698.723	664,922	354,073	477093
						Group			Company
							2021	2020	2021	2020
							6		6	6
Deferred	Income
Deferred	income at			1 August 2019		405,159		2,787,458	253,151	2,764,672
Resources deferred				during the year		52,271		265,775	52,271	126,551
Amounts	released		from		previous	(16,379)		(2,638,072)		(2,638,072)
periods
						441 051		405 109	305 122	253 151
Deferred	income relates				to income received		in advance,
reditors:	amounts		faIling due after			more	than one	year
							Group		Company
							2021	2020	2021	2020
							6	2	2	6
00116 11	0	6			I		I 369		I 309

NOTES TO THE FINANCIAL FOR THE YEAR ENDED 21	STATEMENT JULY2021	S (CONT	INU	ED)
17 Statement offunds
The income funds ofthe charity	include restricted	and unrestricted		funds comprising	the following
unexpended balances held:
Statement offunds - current	year
			Movement in funds
Balance at		incoming		Resources	Transfers	Balance at
	1 August	resources		expended		31July
	2020					2021
	8					5
Unrestricted funds
General overhead fund	(125,924)	15,573		98,586		(14,785)
Fishing passports	3,704					3,704
Grants	7,662	(4,742)				2,920
Furlough income Severn Rivers Ecology	(13,546) 2,227 128877	17,902 187717 218458	(4,356) ~488.778 ~94 588			1 165 6995
Restricted funds
Aine	22,073	14,000		(14,110)		21,963
Brlmfield	14,057	15,588		(22,532)		7,113
CaBA - All projects	48, 144			(25,426)		22,718
Corve (inc. Springs ofRivers)				(9)		(9)
EMFF	26,619	T,ee2		(15,921)		18,560
WEG - Frome	(7,395)	27,987		(30,355)		(9,773)
Soil and Maize	8,842					8,842
Leinwardlne Fish Pass Roots snd Water	3,300 7,152					3,300 7,152
Safegaurding the Salmon	(51)					(51)
Salmon in the Stour	16,638			(16,826)		(188)
STEPS - Cound Brook	539	30,000		(31,793)		(1,254)
Unlocking the Severn	45,747	112,195		(111,700)		46,242
Wise	2,401	142,483		(127,667)		17,217
Worfe	(14,848)	15,002		(155)		(1)
NRW- Fisheries	3,356			(3,386)
Shropshire River Friendly	8,962			(8,962)
Cradley	30,411	45,000		(49,439)		25,972
PhD Coventry University	1,157					1,157
Ryeford Mill	14,479	65,000		(25,192)		54,287
Severn Trent Champions	1,214			(423)		791
WEG - Spring ofRivers	(9,771)	54,041		(44,453)		(ice)
ERDF - Wild Towns	(3,112)	81,685		(77,404)		1,189
ACNRW		111,967		(108,158)		3,811
Cain SMS		58,668		(59,154)		(485)
Nant Alan SMS		21.761		(23,087)		(1,326)
ICW's	454			(5,180)		(4,726)
BCBN		5,000		(5,001)		(1)
CIL Frome				(9,680)		(9,680)
Corporate Partnerships		6,870		(5,663)		1,207
FPAT		12,000		(10,436)		1,564
Guilsfleld Brook NFM				(7,381)		(7,351)
Knighton NFM				(1,674)		(1,674)
Kyre Brook NFM Leam NFM		38,000 30,000 -34-		(5,979) (17,689)		30,021 12,311

tatement offunds - current	year (continued)
Sevem Uplands Green		12,950		12,950
Recovery
Shlpstcn NFM		92,725	(21,802)	70,923
Upper Team NFM		55,000	(43,219)	11,781
Warwick Eel Traps			(287)	(287)
Where the Severn Smiles			(3,851)	(3,851)
SUMR		128,413	(128,413)
Water Volves		35,890	(36,861)	(971)
Rea Brook ABP		36,049	(13,810)	22,239
Springs ofRivers Smaller funds (grouped)	~71029	71,701 ~9008	(46,920) 14927	24,781 ~8910
	200 349	1 310029	1,145,059	380319
Total funds	00472	1 632 479	1,239,627	373,324

			llllovement In funds
	Balance at	Incoming	Resources	Transfers	Balance at
	1 August	resources	expended		31July
	2019f				2020f
Unrestricted funds
General overhead fund	(140,349)	28,948	(17,523)		(128,924)
Fishing passports	3,535	169			3,704
Grants Furlough income Severn Rivers Ecology	2,482 ~4.02 4	10,000 59,898 173239	(4,820) (73,444) ~498 991		7,662 (13,546) 2227
	138,353	212284	262 778		128877
Restricted funds
Aine	22,322		(249)		22,073
Brimfield	10,006	31,176	(27,125)		14,057
CaBA - All projects	41,317	90,000	(83,173)		48,144
Curve (Inc. Springs of Rivers)	59.667	15,000	(74,667)
EMFF	35,414	1,711	(10,506)		26,819
WEG —Frome	(6,768)	22,801	(23,428)		(7,395)
Soil and Melee		5,827	3,015		8,842
Lelnwardine Fish Pass		15,000	(11,700)		3,300
Roots and Water		8,198	(1,046)		7,152
River Friendly Severn	(472)		472
Safegaurding the Salmon	(16,645)	64,001	(47,407)		(51)
Salmon in tha Stour	(15,575)	40,000	(7,787)		16,638
STEPS - Cound Brook	7,957	25,822	(33,240)		639
Uplands Fencing		8,025	(8,025)
Unlocking the Severn	59,142	122,184	(135,579)		45,747
Unmuddying the Waters	132		(132)
Wise	(2,318)	97.888	(93,169)		2,401
Worfe	(13,974)		(874)		(14,848)
hlRW - Fisheries		4,291	(925)		3,386
Shropshire River Friendly		15,000	(6,038)		8,962
Cradley		44.000	(13,589)		30,411
PhD Coventry University		3,000	(1,843)		1,157
Ryeford Mill		27,421	(12,942)		14,479
Sevem Trent Champions		7,900	(6,886)		1,214
WEG - Spring of Rivers		57,533	(87,304)		(9,771)
ERDF - Wild Towns		42,858	(45,970)		(3,112)
ACNRW		224	(224)
Cain SMS		12.725	(12,725)
Nant Alan SMS ICW's Smaller funds (grouped)	9,075	6,123 30,000 966	(6,123) (29,546) ~988		454 ~tt 029
	ttt 130	797742	759523		209349
Total funds	32itt	1,069,998	1 022,301		80,472

nalysis	between funds - current year
			Unrestricted	Restricted	Total
			2021	2021	2021
			5	2	6
Funds balances at 31 July 2021 are represented		by:
Tangible	fixed assets			15,607	15,607
Current	assets/(liabilities)		6,995 ~9,995	364,712 380,319	357,717 378324,
nalysis	between funds - prior year
			Unrestricted	Restricted	Total
			2020 5	2020f	2020 6
Funds balances at 31 July 2020 are represented		by:
Tangible Current	fixed assets assets/(liabilities)		~128977 ~128877	4,479 204,870 209,348	4,479 75 983 80472

Name of	Registered office	Nature of	Class of	%	Held
undertaking		busIness	shares	Direct	IndIrect
			held
Sevem Rivers	3 Hope House Farm Barns,	Environmental	Ordinary	100	0
Ecology Limited	Hope House Lane, Martley,	consulting
	Worcestershire,	activities
	WR6 6QF

FO	R THE YEAR ENDED 31JULY20	2f
22	Cash generated from operations			2021		2020
				6
	Surplus/(deficit) for the year			292,852		47,595
	Adjustments for.
	Depreciation and Impairment oftangible	fixed assets		8,608		3,194
	Taxatlon charge					470
	Movements in working capital:
	(Increase)/decrease in debtors			(42,913)		(149,283)
	(Decrease)/increase in creditors			(153,088)	(2,254,990)
	Cash generated from operations			105,459	(2,352,914)
23	Analysis ofchanges in net funds
			At1 August 2020	Caah SowsAt$1		July 2021
			6	6		6
	Cash at bank and in hand		611,328	94,775		708,103
	Loans falling dus within one year		(205,775)		(205,775)
	Dbllgatlons under finance leases			(9,522)		(9,522)
			405,553	85,253		490,806