2020-12-31-accounts - Westcountry Rivers Trust

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			Page
Trustees' Report			1-17
Independent	Auditors'	Report	18-21
Consolidated	Statement of Financial Activities		22
Consolidated	Balance	Sheet	23
Consolidated	Statement ofCash Flows		24
Notes to the	Financial	Statements	25 - 49

					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Fund's
				Note	2020	2020	2020	2019
						6	6
Income from:
Donations					21,452	234,870	256,322	481,439
Charitable activities					997,290	1,100,300	2,097,590	2,372,622
Other trading	activities				78,133		78,133	69,816
Investments					4,170		4,170	4,783
Other					88,576		88,576	9,385
Total					1,189,621	1,335,170	2,524,791	2,938,045
Expenditure	on:
Raising funds				9	88,471		88,471	77,352
Charitable activities				10	826,251	1,575,520	2,401,771	2,422,148
Other				12	89,150		89,150
Total					1,003,872	1,575,520	2,579,392	2,499,500
Net (losses) /gains investments			on	23	(179)		(179)	76
Net income					185,570	(240,350)	(54,780)	438,621
Transfers between			funds	26	(6,387)	6,387
Net movement		in	funds		179,183	(233,963)	(54,780)	438,621
Reconciliation		of	funds
Total funds brought			forward		916,337	849,013	1,765,350	1,326,729
Total funds carried forward				26	1,095,520	615,050	1,710,570	1,765,350

				Group	Group	Charity	Charity
				2020	2019	2020	2019
			Note	8	6	F
Fixed assets
Intangible assets			19	3,428	4,604	3,428	4,604
Tangible assets			20	95,370	72,803	95,370	72,803
Investments			21			'I00	100
				98,798	77,407	98,898	77,507
Current assets
Debtors			22	1,219,361	1,024,581	1,212,508	972,860
Investments			23	244	423	244	423
Cash at bank and	in hand			797,755	920,838	776,304	912,842
				2,017,360	1,945,842	1,989,056	1,886,125
Liabilities
Creditors falling due within		one year	24	(405,588)	(257,899)	(398,590)	(233,270)
Net current assets				1,611,772	1,687,943	1,590,466	1,652,855
Total assets less	current	liabilities		1,710,570	1,765,350	1,689,364	1,730,362
Net assets				1,710,570	1,765,350	1,689,364	1,730,362
The funds ofthe	charity:
Unrestricted funds			26	1,095,520	916,337	1,074,314	881,349
Restricted funds			26	615,050	849,013	615,050	849,013
Total charity funds				1,710,570	1,765,350	1,689,364	1,730,362

				Group	Group	Charity	Charity
				2020	2019	2020	2019
			Note	F	f	6	6
Cash from (used in) operating		activities	28	(64,751)	429,856	(78,206)	462,308
Cash flows from investing	activities
Interest income				4,170	4,783	4,170	4,783
Purchase oftangible fixed assets				(62,502)	(51,220)	(62,502)	(51,220)
Cash provided by (used in) investing activities				(58,332)	(46,437)	(58,332)	(46,437)
Increase (decrease) in cash equivalents in the year	and	cash		(123,083)	363,419	(136,538)	415,871'
Cash and cash equivalents beginning ofthe year	at the			920,838	537,419	912,842	496,971
Cash and cash equivalents the year	at the end of			797,755	920,838	776,304	912,842

				2020f	2019f
Income				2,396,338	2,801,904
Management	charge to	subsidiary	company	7,200	7,200
Gift aid from	subsidiary	company		24,257	34,275
				2,427,795	2,843,379
Expenditure				(2,468,614)	(2,394,816)
Net (loss)/gain on investments				(179)	76
				(2,468,793)	(2,394,740)
Net income/(expenditure)				(40,998)	448,639
Total funds	brought forward			1,730,362	1,281,723
Total funds	carried forward			1,689,364	1,730,362
Represented	by:
Unrestricted	income funds			1,074,314	881,349
Restricted income funds				615,050	849,013
				1,689,364	1,730,362

			2020	2019
			E	E
Protecting	rivers		670,573	1,028,120
Balancing	land use		1,009,110	984,818
Engaging	people		417,907	359,684
Total income from charitable		activities	2,097,590	2,372,622

				Other
			Charitable	Trading	2020	2019
			Activities	Activities	E
Turnover			50,320	78,133	128,453	136,141
Cost ofsales			(29,579)	(67,947)	(97,526)	(96,926)
Gross profit					30,927	39,215
Administration	costs (incl. management	charge)			(20,452)	(14,958)
Net profit					10,475	24,257

Income earned from other trading	Income earned from other trading	activities (cont.)	activities (cont.)
Opening capital and	reserves			34,986	45,006
Net profit for the year				10,475	24,257
Distribution: donation	gift aided to	the charity		(24,257)	(34,275)
Closing capital and	reserves			21,206	34,988
The assets and liabilities ofthe subsidiary			were;
Current assets				88,032	112,929
Current liabilities				(66,825)	(77,941)
Total net assets				21,206	34,988
Share capital and reserves				21,206	34,988

nalysis ofex	pendit	ure on raising funds
			2020f	2019f
Commercial	trading	operations	81,199	68,084
Salaries and	other	staff costs		42
Supportcosts			7,272	9,226
Total expenditure		on raising funds	88,471	77,352

		Activities	Grant
		Undertaken	Funding of	Support	Total
		Directly F	Activities f	Costsf	2020 F
Protecting	rivers	643,955	9,956	103,559	757,470
Balancing	land use	719,551	261,861	139,232	1,120,644
Engaging	people	423,754	3,617	96,286	523,657
Total		1,787,260	275,434	339,077	2,401,771

evious Y	ear
		Activities	Grant
		Undertaken	Funding of	Support	Total
		Directly f	Activities f.	Costs	2019 f
Protecting	rivers	826,009	2,257	130,874	959,140
Balancing	land use	661,048	274,149	138,732	1,073,929
Engaging	people	278,639	47,565	62,875	389,079
Total		1,765,696	323,971	332,481	2,422,148

urrent Year
						Providing
						evidence &
			Raising	Protecting	Balancing	engaging	Total
			Funds	rivers	land use	people	2020
			6	8	6	6	8
Salaries and	other staff costs		3,291	46,855	62,996	43,564	156,706
Travel and subsistence			11	160	215	149	535
Professional	fees		302	4,302	5,784	4,000	14,388
Finance costs		and exchange losses	26	368	494	342	1,230
Office costs			1,574	22,413	30,134	20,839	74,960
Communication		and engagement	2	34	46	32	114
Depreciation	and amcrtisation		850	12,101	16,269	11,251	40,471
Other costs			590	8,407	11,303	7,817	28,117
Governance			626	8,919	11,991	8,292	29,828
Total			7,272	103,559	139,232	96,286	346,349
revious Year
						Providing
						evidence &
			Raising	Protecting	Balancing	engaging	Total
			Funds	rivers	land use	people	2019
			F	F	6	6	F
Salaries and	other staff costs		3,634	51,549		24,765	134,592
Travel and subsistence			48	683	724	328	1,783
Professional	fees		306	4,344	4,604	2,087	11,341
Finance costs		and exchange losses	609	8,632	9,150	4,147	22,538
Office costs			2,042	28,970	30,710	13,918	75,640
Communication		and engagement	110	1,554	1,648	747	4,059
Depreciation	and amcitisation		1,070	15,177	16,087	7,291	39,625
Other costs			869	12,333	13,074	5,925	32,201
Governance			538	7,632	8,091	3,667	19,928
Total			9,226	130,874	138,732	62,875	341,707

		2020f	2019 6
Trading		2	2
Project delivery	staff	44	37
Core support staff		7	6
		53	45

19	Intangible assets
		Group	Charity
		Software	Software
		E	K
	Cost:
	As at 1 January 2020	5,878	5,878
	Additions
	Disposals
	As at 31 December 2020	5,878	5,878
	Amortisation:
	As at 1 January 2020	1,274	1,274
	Charge for the year	1,176	1,176
	On disposals
	As at 31 December 2020	2,450	2,450
	Net book value:
	As at 1 January 2020	4,604	4,604
	As at 31 December 2020	3,428	3,428
20	Tangible fixed assets
		Group	Charity
		Furniture,	Furniture,
		Fittings &	Fittings &
		Equipment	Equipment
		E
	Cost:
	As at 1 January 2020	393,808	393,063
	Additions	62,502	62,502
	Disposals	(27,076)	(26,393)
	As at 31 December 2020	429,234	429,172
	Depreciation:
	As at 1 January 2020	321,005	320,260
	Charge for the year	39,295	39,295
	On disposals	(26,436)	(25,753)
	As at 31 December 2020	333,864	333,802
	Net book value:
	As at 1 January 2020	72,803	72,803
	As at 31 December 2020	95,370	95,370

		Group	Group	Charity	Charity
		2020	2019	2020	2019
		F	E	E	F
Trade creditors		72,439	24,511	72,305	17,416
Other creditors		879	1,476	979	1,576
Accruals		86,635	99,451	82,426	95,304
Payments	received on account for contracts	45,093	27,497	42,308	13,988
Social security and other taxes		200,542	104,964	200,572	104,986
		405,588	257,899	398,590	233,270

nalysis ofcharitable	funds: Analysis of	movements	in unrestric	ted funds
	Balance at					Balance at
	1January 2020 6	Incoming resources	Resources expended 6	Transfers f	Gains) (losses) 6	31 December 2020 6
Generalfund	916,337	1,189,621	(1,003,872)	(6,387)	(179)	1,095,520

nalysis ofcharitab	l	e funds: A	nalysis of	movements	in restricted	funds
			Balance at					Balance at
			1January 2020 6	Incoming resources	Resources expended 6	Transfers	Gains) (losses) 6	31 December 2020 6
CaBA South Devon*			1,094	15,000	(1,275)			14,819
CaBA Tamer"			17,250	15,000	(18,534)			13,716
Cow Io Catchmenl*				50,000	(3,480)			46,520
CPES*				127,363	(127,363)
CPES Donations			51,536	55,430	(72,436)			34,530
Dartmoor Headwaters		NFM*	877	51,654	(52,531)
Deer Project			20,000		(2,055)			17,945
Devon and Cornwall	Soils Alliance*			89,749	(89,749)
Exe Phase 3 —General			59,874	1,125		(10,000)		50,999
Fal Facilitation Fund*				7,158	(7,158)
Fisheries Improvement Projects*		Programme	2,616	16,754	(15,339)	928		4,959
Frome & Piddle			10,401					10,401
Frogmore Creek*			5,390		(6,352)	962
Frome Surveys (RAFT)			6,747		(6,747)
Frome Enforcement	Undertaking			10,000				10,000
Plymouth River Keepers			323,409		(100,160)			223,249
Postcode Local Trust				20,000	(4,791)			15,209
Total carried forward			499,194	459,233	(507,970)	(8,110)		442,347

nalysis of chari	t	able	funds:	Analysis of	movements	in restricted	funds (c	ont.)
				Balance at					Balance at
				1 January	Incoming	Resources		Gains/	31December
				2020	resources	expended	Transfers	(losses)	2020
				6	6	6	6	6	6
Total brought forward				499,194	459,233	(507,970)	(8,110)		442,347
Preventing Plastic	Polluhon*				77,346	(77,346)
PROWater					85,167	(91,689)	6,522
Risk Aqua Soll*				(4)	44,873	(44,869)
River Otter Legacy				5,000		(640)			4,360
SPONGE+					13,271	(13,271)
SIARR*					17,987	(17,987)
Strategic Exe Weirs				(8,302)	69,000	(42,843)	12,145		30,000
SWW Upstream Thinking			Grants	239,139	17,853	(195,531)	(15,237)		46,224
Tamer (Lamberal)	Project			10,018		(5,689)			4,329
Taw Spawning Improvements				2,232	4,070	(9,487)	3,700		515
Triple-C*					50,221	(50,221)
USAR*					15,295	(16,839)	1,544
Water Environment Fund Projects*		Improvement		64,703	61,481	(61,885)	1,883		66,182
Water for Growth*					397,894	(401,000)	3,106
Westcounlry Angling		Passport		9,232	13,845	(19,280)			3,797
Other funds				27,801	7,634	(18,973)	834		17,296
Total				849,013	1,335,170	(1,575,620)	6,387		615,050

Analysis ofcharitable	Analysis ofcharitable	Analysis ofcharitable	funds:	Analysis of	movements	in unrestricted	in unrestricted	funds	(previous year)	(previous year)
				Balance at						Balance at
				1 January	Incoming	Resources			Gains)	31 December
				2019	resources	expended	Transfers		(losses)	2019
				6	6	6		6	6	E
General fund				738,924	1,085,067	(904,413)		(3,317)	76	916,337
Analysis ofcharitable			funds:	Analysis of	movements	in restricted	funds (previous year)
				Balance at						Balance at
				1 January	Incoming	Resources			Gains/	31 December
				2019 E	resources 6	expended 6	Transfers 6		(losses) f	2019 6
3 Rivers Project*				8,521		(8,473)		(48)
Barnstaple Yeo~ Bradiford Weir Easement" CaBA North Devon '			"	18,897	97,289 29,000	(50,062) (17,266) (17,427)				47,227 11,734 1,470
CaBA South Devon*				5,645	15,000	(19,551)				1,094
CaBA Tamar'				14,441	15,000	(12,191)				17,250
CPES*					125,889	(125,889)
CPES Donations					50,633			903		51,536
Dartmoor Dips*				5,261		(3,685)				1,576
Dartmoor Headwaters		NFM*			7,000	(6,171)		48		877
Deer Project					20,000					20,000
Devon and Cornwall	Soils		Alliance*		28,922	(28,922)
Dog Marsh Weir Fish Dorset General Fund Education ' Exe Electrofishing '	Easement*" '			10,350 23,315 (12,388)	15,000 300 20,000	(13,115) (4,449) (21,588) (9,334)		(2,500)		1,885 3,401 2,027 (1,722)
Exe Phase 3 —General				55,194	4,840	(160)				59,874
Fal Estuary Pollution	Project" '			(1,636)	19,500	(15,268)				2,596
Fal Facilitation Fund*				(6,552)	17,911	(11,359)
FIP —River Tone* '				1,726	7,500	(9,941)				(715)
Frome & Piddle				10,401						10,401
Frogmore Creek*				15,813		(10,423)				5,390
Frome Surveys (RAFT)				4,247				2,500		6,747
Ingenious Grant (5W)				20,476	6,000	(26,013)		(463)
Mine Waters Mitigation* v				9,379		(5,215)				4,164
Plymouth River Keepers					350,000	(26,591)				323,409
Postcode Local Trust				15,465		(15,417)		(48)
PROWater*					89,853	(89,853)
Risk Aqua Soil River Inny and Ottery		"			63,354 22,000	(63,358) (23,883)				(4) (1,883)
River Otter Legacy					5,000					5,000
SPONGE					48,275	(48,787)		512
StARR*					8,785	(8,785)
Total carried forward				198,555	1,067,051	(693,176)		904		573,334

		Balance at					Balance at
		1 January	Incoming	Resources		Gains/	31 December
		2019	resources	expended	Transfers	(losses)	2019
		8	6	6	8	6	6
Total brought forward		198,555	1,067,051	(693,176)			573,334
Strategic Exe Weirs			20,500	(28,802)			(8,302)
SWN Upstream Thinking	Grants	310,461	196,066	(267,388)			239,139
Tamer (Lamberal) Project Taw Access over Weirs '		27,553 12,748	625	(17,535)	(10,000)		10,018 3,373
Taw Spawning Improvements Taw Valley Facilitation Fund ' Tone Strategy* '		8,791 (2,108)	5,328 12,918	(16,752) (3,220) (14,075)	10,193 1,277		2,232 120
Triple-C*			12,002	(12,002)
Upper Tamer Water Assessment*			5,000	(5,308)	308
U SAR* Warleggan Juvenile Salmon '		6,271	33,768	(33,768) (2,986)			3,285
Water for Growth*			456,018	(456,018)
Westcountry Angling Passport		10,991	19,318	(21,077)			9,232
Other funds		14,543	24,384	(22,980)	635		16,582
Total		587,805	1,852,978	(1,595,087)	3,317		849,013

			Unrestricted	Restricted	Total
			Funds	Funds	Funds
			6	8
Intangible	assets		3,428		3,428
Tangible	fixed assets		95,370		95,370
Cash at bank and		in hand	874,711	(76,956)	797,755
Other net current		assets/(liabilities)	122,011	692,006	814,017
Total			1,095,520	615,050	1,710,570

			Unrestricted	Restricted	Total
			Funds	Funds	Funds
			6	6	6
Intangible	assets		4,604		4,604
Tangible	fixed assets		72,803		72,803
Cash at bank and		in hand	525,673	395,165	920,838
Other net current		assets/(liabilities)	313,257	453,848	767,105
Total			916,337	849,013	1,765,350

28	Reconciliation ofnet movemen	t in funds	to net ca	sh flow from	o	perating	activities
				Group		Group	Charity	Charity
				2020		2019f	2020f	2019 F
	Net income/(expenditure) for the reporting		period	(54,780)	438,621		(40,998)	448,639
	Adjustments for:
	Depreciation and amortisation	charges		40,471		39,625	40,471	39,625
	Losses/(gains) on investments			179		(76)	179	(76)
	Dividends and interest from investments			(4,170)		(4,783)	(4,170)	(4,783)
	Loss/(profit) on the disposal of	fixed assets		640		1,178	640	1,178
	(Increase)/decrease in debtors			(194,780)	(48,773)		(239,648)	(22,689)
	Increase/(decrease) in creditors			147,689		4,064	165,320	414
	Net cash provided by (used in) activities	operating		(64,751)	429,856		(78,206)	462,308
29	Analysis ofcash and cash equivalents
				Group		Group	Charity	Charity
				2020 f		2019	2020 f	2019 F
	Cash at bank and in hand			397,755	420,838		376,304	412,842
	Notice deposits (less than 3months)			400,000	500,000		400,000	500,000
	Total cash and cash equivalents			797,755	920,838		776,304	912,842
30	Operating lease commitments
	At 31 December 2020 the group	and charity	had total	future minimum		lease	payments due	under
	non-cancellable operating leases as follows:
	Group and Charity					2020 F		2019f
	Within 1 year					20,489		20,597
	Between 2 and 5years					1,668		22,157

The following	amounts	amounts	were received and paid by	the charity	acting as agent:
					2020	2019
					F	8
Payroll receipts		from	The Rivers Trust		978,499	776,788
Payments	made	to The Rivers Trust employees		and HMRC	(970,272)	(771,042)
As at the reporting		date the charity held the following amounts			in their capacity as agent:
					2020	2019
					E	K
Payroll receipts HMRC		from	The Rivers Trust not yet paid to		33,173	24,946