##
##
##
||||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|
##
##
|6|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|
##
##
|26|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|