2021-12-31-accounts

Trustees' Report	Trustees' Report		1 - 14
Independent	Auditors'	Report
Consolidated	Statement of Financial Activities
Consolidated	Balance	Sheet	20
Consolidated	Statement ofCash Flows
Notes to the	Financial	Statements	22-45

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Note	2021	2021	2021	2020
			E	5		8
Income from;
Donatians			149,896	303,332	453,228	256,322
Charitable activities			1,068,851	1,548,697	2,615,548	2,097,590
Other trading activities			77,974		77,974	78,133
investments			2,842		2,642	4,170
Other			12,193		12,193	88,578
Total			1,311,758	1,860,029	3,181,7$5	2,524,751
Expenditure on:
Raising funds		9	94,956			88,471
Charitable activities		10	1.063,405	1,694,997	2,668,402	2,401,771
Other		12	6,431		6,431	89,150
Total			1,184,791	'l,894,9$7	2,75$,788	2,579,392
Net gains/(losses) investments	on		76		76	(1'79)
Net Income/(expenditure)			147,04'I	255,032	402,073	(54,780)
Transfers betvveen	funds	21	(27,343)	27,343
Net movement In	funds		1'I$,$$8	282,375	402,073	(54,'780)
Reconciliation of	funds
Total funds brought	forward		1,095,520	815,050	1,710,570	1,785,350
Totalfundscsrriedforwsrd		21	1,215,21$	897,425	2,112,843	1,710,570

		Group	Group	Charity	Charity
		2021	2020	2021	2020
	Nots	E	E	E	E
Fixed assets
Intangible assets	19	2,253	3,425	2,253	3,425
Tangible assets	20	108,0Q4	95,370	108,004	95,370
Investments	21		~	100	100
		11Q,257	98,798	110,357	98,898
Current assets
Stock	22	3,200		3,200
Debtors	23	1,455,041	1,219,361	1,454,033	1,212,506
Investments	24	320	244	320	244
Cash at bank and in hand		1,221,389	797,785	1,198,586	778,304
		2,679,920	2,017,360	2,656,139	1,989,056
Liabilities
Creditors falling due within one year	25	(677,534)	(405,598)	(6'73,759)	(398,590)
Net current assets		2,002,388	1,811,772	1,982,381	1,59Q,488
total assets less current liabilities		2,112,643	1,710,570	2.092,735	1,689,364
Net assets		2,112,643	1,110,570	2,092,138	1,889,364
The funds ofthe charity:
Unrestricted funds	27	1,215,218	1,095,520	1,195,313	1,074,314
Restricted funds	27	897,425	615,050	897,425	615,050
Total charity funds		2,112,643	1,110,510	2,092.138	1,889,384

				Group	Group	Charity	Charity
				2021	2020	2021	2020
			Note	K	K	K	K
Cash frorri (used ln) oPeratlng		activities	29	490,281	(84,751)	488,939	(78,205)
Cash flows from Investing	activities
Interest income				2,842	4,170	2,642	4,170
Purchase oftangible fixed assets				(69,499)	(62,502)	(89,499)	(62,502)
Cash provided by (used In) Investing activities				(88,587)	(58,332)	(58,857)	(59,332)
Increase (decrease) in cash equivalents in the year	and	cash		423,604	(123,083)	422,282	(136,538)
Cash snd cash equivalents beginning of ths year	at the			797,765	920,838	776,304	912,842
Cash and cash equivalents the year	at the end of			1.221,369	797,755	1,188,885	775,304

				2021	2020
					8
Income				3,031,076	2,398,339
Management	charge to	subsidiary	company	7,200	7,200
Gift aid fram	subsidiary	company		10,476	24,257
				3,049,750	2,427,795
Expenditure				(2,845,452)	(2,468,814)
Net (loss)lgain on investments				76	(119).
				(2,845,378)	(2,468,793)
Net incomel(expenditure)				403,374	(49,999)
Total funds	brought forward			1,689,384	1,730,362
Total funds	carried forward			2,092,738	1,888,384
Represented	by:
Unrestricted	income funds			1,196,313	1,014,314
Restricted Income funds				897,425	815,050
				2,092,738	1.889,354

Opening capital and	reserves		21,208	34,988
Net prost forthe year			9,174	10,475
Distribution: donation	gift aided to the charity		(10,475)	(24,257)
Closing capital and	reserves		19,908	21,208
The assets snd liabilities ofthe subsidiary		were:
Currerit assets			58,977	88,032
Current gabilities			(37,072)	(88,528)
Total net assets			19,908	21,208
Share capital and reserves			19,908	21,208

		2021	2020
		K	K
Coronavirus	Job Retention Scheme grant	4,958	89,588
Other income		7,235	19,008
Total other Income		12,193	88,578

			2021	20M
			8	8
Commercial	trading	operations	82,812	81,199
Salaries snd	other	staff costs	1,306
Support costs			10,837	7,272
Total expenditure		on raising funds	84,888	88,471

		Activities	Grant
		Undertaken	Funding of	Support		Total
		Directly	Activities	Costs		2021
		8	8			8
Protecting	rivers	805,672		171,775		786,435
Balancing	land use	835,827	142,765	216,749		1,195,341
Engaging	people	519,113	15,000	142,513		676,826
Total		1,980,812	188,763	631,037		2,858,402
revious Year
		Activities	Grant
		Undertaken	Funding of	Support		Total
		Directly	Activities	Coats		ROM
		8	8	8		8
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		1,787,280	278,434	339,077		2,401,771

		Total	Number of	Total	Number of
		2021	grants	2020	grants
			2021	8	2020
Balancing	land use	142,T85	21	261,220
Total		142,768	21	281,220
Grants to organlsatlons
		Total	Number of	Total	Number of
		2021	grants	2020	grants
			2021	8	2020
Balancing	land use			841	1
Protecting	rivers	8,988	1	9,956	3
Engaging	peapls	15,000	2	3,611	1
Total		23,986	3	14,214	5

						Providing evidence 8
			itslstng Funds	Protecting rivers	Balancing lend use	engaging people	Total 2021
				8	8	8	8
Salaries snd	other staff costs		5,813	92,134	118,257	78,439	290,643
Travel snd subsistence			25	392	495	325	1,237
Professional	fees		196	3,101	3,913	2,513	9,783
Finance costs		snd sirchsnge losses	720	11,413	14,401	9,489
Ofacs costs			1,579	25,029	31,582	20,785	78,956
Communication		snd engagement	2	38	47	31	118
DepreCietiOn	Snd smorasaticn		1.106	17,531	22,120	14,545	55,302
Other costs			979	15,523	19,588	12,879	48,989
Governance			417	6,614	8,346	5.487	20,864
Total			10,837	171,115		142,513	541,874
revious Year
						Providing
						evidence a
			Raising	Pr'ossctlng	ftelsncing	engaging	Total
			Funds 8	rivers 8	land uee	people 8	2020 2
Salaries snd	other staN costs		3,291	46,855	82,996	43,564	158,706
Travel end subsistence			11	160	215	149	535
Professional	fees		302	4,302	5,784	4,000	14,388
Finance costa		snd exchange losses	26	388	494	342	1,230
ONirsr costs			1,574	22,413	30,134	20,839	74,9M
Communication		end engagement	2	34	46	32	114
Depredation	and smcrssstion		850	12,101	16,289	11,251	40,471
Other costs			590	8,407	11,303	7,817	26,117
Governance			626	8,919	11,991	8,292	29,828
Total			7/272	103„559	139432	96,288	348,349

14	Net Income/(expenditure) fo	Net Income/(expenditure) fo	Net Income/(expenditure) fo	Net Income/(expenditure) fo	rthe ye	ar
	This is stated after charging:
							2021	2020
								8
	Operating equipmsnt		—leases				502	1,00¹
	Amortlsation						1,175	1,176
	Depreciation						54,127	39,295
	Exchange losses/(gains)			recognised			25,848	(12,287)
	Auditors remuneration:
	Audit fees						11,200	10,000
	Acocuntanoy	Snd tax		SerVICea			750	380
	First Level Controller		services				8,370	17,790
15	Analysis ofstaff costs,			trustee remuneration			and expenses, and ths cost ofksy
	management personnel
							2021	2020
							8
	Salaries						1,594,718	1,352,358
	Social security	costs					144,987	125,606
	Pension costa						99,923	81,517
							1,839,828	1,059,581
	One employee	had employee			benefits	in excess	ofM0,000 (2020.one) falling within ths following
	bands:
							202'I	2020
							8	8

angible fixed assets
	Group	Charlg Furniture,
	Furniture,
	Fittings 8	FittIng» S
	Equipmentf	Equipmentf
Cost:
As at 1 January 2021	429,234	429,172
Additions	69,489	69,499
Dispossls	(71,738)	(71,736)
As st 31 December 2021	426,997	426,935
Depreciation:
As at 1 January 2021	333,864	333,802
Charge lbr the year	64,127	54,127
On dispossls	(68,998)	(88,996)
As st 31 December 2021	318,993	318,931
Net book value:
As at 1 January 2021	95,370	95,370
As at 31 December 2021	108,004	108,004

			Group	tgroup	Charity	Charity
			2021f	2020 f	2021 f	2020
Trees	for	planting	3,200		3,200
			3.200		3,200

			Group	Group	Group	Charity	Charity
				2021f	2020f	2021f	2020f
Trade debtors			18,775		43,248
Other debtors			143,840		254,973	143,840	254,973
Prepayments and accrued income		1,292,426			921,140	1,276,997	897,807
Amount due from subsidiary	undertaking					33,196	59,728
		1,456,041			1,219,361	1/54,033	1,212,508
Current asset Investments
				Group	Group	Charity	Charity
				2021f	2020f	2021 f	2020 f
Market value as at 1 January				244	423	244	423
Unreallsed gain/(loss) on revaluation				76	(179)	76	(179)
Market value as at 31 December				320	244	320	244
Investmsnts are carried at their fair value. Investments				consist	ofequities traded on the London
Stock Exchange. The basis of	far value for quoted		investments		is equivalent	to the market	value,
by reference to the London Stock Exchange website.
Creditors: amounts falling due within one		year
				Group 2021f	Group 2020f	Charity 2021f	Charity 2020f
Trade creditors				85,486	72,439	85,350	72,305
Other creditors				15,307	879	15,407	979
Accruals				54,607	88,636	50,887	82,426
Deferred Income				324,598		324,598
payments received on account for contracts				50,475	45,003	50,475	42,308
Social security and other taxes				147,061	200,542	147,061	200,572
				877,534	405,588	873,758	388,580

				Balance at					Balance af
				1January	Incoming	Reaourcea		Gainer	S1December
				2021 f	resources 8	expended f	Tmnsfera f	(loses») f	2021 f
General fund				1,098,520	1,311,706	(1,184,'f91)	(27,343)	70	1218 218
nalysis ofcharItable			funda:	Analysis of	movements	in restricted	funds
				Balance at					Balance at
				1January	Incoming	Reaolltcss		Salnal	31December
				2021 f	resources f	expended	Ttsnsfets	(iosses) f	202'I f
CCBA South Devon'				14,819	15,000	(22,515)			7,304
CCBATamer'				13,716	15,0OO	(18,358)			10,328
Climate Resilience Cslehmenls- Buds ~					17,81o	(11,531)
Cow lo Calehmenl'				46,520	26,198	(10,987)	19
CPES*					110,156	(113,811)	3,655
Darlmaor Iiesdwstsrs		NFM			38,857	(29,812)			8,985
Deer Proierl				17,945		(1,587)			18,358
Defrs Woodlands for		Waist'			11,446	(10,994)			452
Devon snd Camwall		Soils	Alliance'		118,873	(116,873)
EnvirOnmenlsl Inveslmanl Fund (previously CPES Donslions)				34,530		(17,037)			17,493
Exs Phase 3—General				50,990	0,343
Faml Nel Zero					8,5og	(8,509)
Fieheriea hnpravemenl Pro)eats~		Pragrsmme		4,959	88,835	(80,984)	36		10,545
Frame 8Piddle				10,401					10,401
Frame Enfarosmenl	Undertaking			10,000		(8,59O)			1,410
Future Visions'					41,000	(33,983)			13,017
MOlinnis Nature ReaOverr*					12,464	(12,464)
Tote!eatrled forward				203,889	493,089	(544,125)	3,709		156,562

nalysis ofcharitable	funds:	Analysis of	movements	In restricted	funds (c	ont.)
		science st					Balance at
		1January	Incoming	Resources		Gains/	31 December
		2021 f	resources 8	expended f	Transfers 8	(losses) 8	2021 8
Total brought forward		203,889	493,089	(544,125)	3,709
Killerton House Green Recovery			55,079	(55,079)
Morrisons Soil Carbon			10,000	(7,189)			2,611
Plymouth River Keepers		223,249		(78,953)			144,298
Postcode Local Trust		15,209		(14,815)			394
Preventing Pisalic Pollution'			'l29,581	(129,581)
PROWats r'			68,001	(69,433)	1,432
River Ciyst impmvemsnis			25,000				25,000
River Taw Eledrooshing				(7,354)
River Wolf improvsmsnis			20,000				2O,oOo
SIARR"			30,484	(30,464)
Strategic Exe Wsirs		30,000	104,213	(58,557)	(15,369)		60,287
SWW upstream Thinking	Grants	46,224	M5,033	(94,884)	2,400		318,973
Taw Spfnming Improvements		515		(9,461)	e,046
TrsnsformAR'			5,942	(5,942)
Triple-C*			49,303	(49,303)
Water Environment improvement Fund Pro)acts'		66,182	167,906	(184,1ey)	1,166		51,177
Water for Growth*			258,539	(189,100)	10		67,449
Wesicouniry Angling Passport		3,797	17,M4	(23,705)	2,524
Womsns Angling			9,950	(989)			8,961
Other I'unde		25,985	42,455	(42,096)	15,171		41,515
Total		516,050	'l,850,029	(1,594,997)	27,343		897425

				Salance at					Satanas at
				1January	Incoming	Resources		Qslnsl	31December
				2020	maourcea	expended	Transfers	(losses)	2020
				8	8	8	8	8
General fund				$19,337	1,189,821	(1.003,872)	(8,387)	(179	1,0'98,820
nalysis ofcharitable			funda, '	Analyals Of	mOvemente	ln reatrloted	funda (previous year)
				Salancs at					Satanas at
				1January	incoming	Resources		Gains)	31December
				2028 8	rsaoumea 8	expended 8	Transfers 8	(losses) 8	2020 8
CsSA South Devon'				1,094	15,000	(1,275)			14,819
CsSA Tamer'				11,250	15,000	(18,534)			13,716
Cow to Catchment*					50,000	(3,480)			48,520
CPES'					127,383	(127,383)
CPES Donations					55,430	(72,438)			34,630
Dartmoor Headwaters		NFM"		817	51,854	(52,53'I)
Deer Pro)sot				20,000		(2,055)			11,945
Devon snd Cornwall	Soils		Alliance		89,749	(89,149)
Exe Phase 3-General				59,874	1,125		(10,000)		50,999
Fal Faolltaticn Furid"					7,15S	(7,158)
Fisheries Improvement Pi'ojects"		Programme			18,754	(15,339)	928
Frome 5 Piddle				10,4O1					1o,ea1
Frogmore Creek'				5,390		(6,352)
Frome Surveys (RAFT)				6,I'47		(8,741)
Froms Enforcement	Undertaking				10,000				10,000
Piymouth River iteepsrs				323,409		(100,180)			223,249
Postcode Local Trust					20,000	(4,791)			15,209
Preventing Plastic Pollution'					77,346	(77,348)
PROWster					85, 'I67	(91,689)	6,522
Risk Aqua Soil" River Otter Le9acy ' SPONGE" '				(4) 5,000	44,S73 13,271	(44,S59) (640) (13,271)
StARR'					17,987	(17,987)
Strategic Exa Welra				(8,302)	So,oaa	(42,843)	12,145		3a,aoa
SWW Upstream Thinking Tamer (Larnheral) Project			Grants '	239,139 10,018	17,853	(195,531) (5,5S9)	(15,237)		46,224 4,329
Taw Spawning Improvements				2232	4,070	(9,481)			515
Triple-C'					50,221	(50,221)
USAR~ o					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,S94	(401,000)
Weatcountry Angling		Passport		9,232	13,845	(19,280)			3,797
Other funds				27,801	1,634	(18,913)			17,298
Total carried forward				849,O13	1,335.1'70	(1,578,520)	8,3ey	-	615,oao

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		5	K	K
Intangible	assets	2,253		2,253
Tangible	fixed assets	108,004		'I08,004
Cash st bank and in hand		839,037	382,322	1,221,359
Other net Current assete/(liabilities)		265,924	515,103	781,Q27
Total		1.215,21$	$97&425	2,112,$43
revious Year
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		5	8
Intangible	assets	3,428		3,428
Tangible	fixed assets	95,370		95,370
Cash at bank snd in hand		874,711	(76,956)	797,755
Other net current assets/(liabilities)		122,011	692,006	814,017
Total		1,0$6,52Q	618,05Q	1,710,570

econciliation ofnet m	ovemen	t In funda	to net c	ash flow fro	m operating	activities
				Group	Group	Charity	Charity
				2021	2020	2021	2020
				8	8	8	5
Net inCOme/(expenditure)	fOr the reporting		period	402,073	(54,780)	403,374	(40,998)
Adlustments for:
Depreciation snd smortisation		charges		55,302	4Q,471	55,302	40,471
(Gains)/losses on investments				(76)	179	(76)	179
Dividends and interest	from investments			(2,842)	(4,110)	(2,842)	(4,170)
Loss/(profit) on the disposal of		fixed assets		2,738	640	2,738	640
(Increase)/decrease in	stock			(3,200)		(3,200)
(Increase)/decrease in	debtors			(235,680)	(194,180)	(241,525)	(239,648)
Increase/(decrease) in	creditors			211,946	147,689	275,168	165,320
Net cash provided by (ussd in) activities		operating		4$0,281	(84,751}	488,93$	(78,208)

	Qroup	Group	Charity	Charity
	2021	2020	2021	2020
	6	6	6	6
Cash at bank and in hand	521,359	391,755	498,586	376,304
Notice deposits (less than 3 months)	700,000	400,000	700,000	400,000
Total cash and cash equivalents	1,221,359	797,766	1,198,586	778,304

						2021	2020
	Group	and Charity				6	E
	Within	1 year				1,888	20,469
	Between 2 and 5years						1,668
32	Funds received as agent
	The following amounts		were received and paid by		the charity	acting as agent
							2020
							E
	Payroll	receipbr from	The Rivers	Trust		1,276,442	978,499
	Payments made to The Rivers Trust einployess				and HMRC	(1,269,575)	(970,272)
	As at the	reporting date the charity		held the following amounts		in their capacity as agent:
							2020
							6
	Payroll HivlRC	receipts from	The Rivers	Trust not yet paid to		40,040	33,173