##
##
|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|
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|||Notes|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|||||||||
##
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##
||||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|
##
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##
|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.|
##
##
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##
||||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|
##
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##
##
##
|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|