2022-03-31-accounts - West Cumbria Rivers Trust Limited

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Members	ofthe Board and Professional
Trustees'	Report	2to14
Auditors'	Report	15to 19
Statement	of Financial Activities	20
Balance Sheet		21
Cash Flow	Statement	22
Notes to the Financial Statements		23to 47

			YEAR EN	DED	31 March 202	2
					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
							2022	2021
				Note
INCOME
Donations					6,819	6,426	13,245	115,151
Income from charitable activities						1,399,059	1,399,059	2,486,543
Income from other	trading	activities			17,260	23,290	40,550	22,890
Investment income								537
Other income						5,600	5,600
TOTAL INCOME					24,079	1,434,375	1,458,454	2,625,121
EXPENDITURE
Expenditure on raising funds								40
Expenditure on charitable		activities			22,386	1,386,217	1,408,603	2,407,872
TOTAL EXPENDITURE					22,386	1,386,217	1,408,603	2,407,912
NET INCOME/(EXPENDITURE)			FOR THE YEAR
BEFORETRANSFERS					1,693	48,158	49,851	217,209
Transfers between	funds				(1,933)	1,933
Other Recognised	Gains/(Losses)
Foreign exchange	loss				(712)		(712)	(3,378)
NET MOVEMENT	IN FUNDS				(952)	50,091	49,139	213,831
Total funds brought	forward				171,509	720,934	892,443	678,612
TOTAL FUNDS CARRIED FORWARD				17	170,557	771,025	941,582	892,443

				2022		2021
FIXEDASSETS			Note			f.
Tangible assets			13		76,690	79,645
CURRENT ASSETS
Debtors Cash at bank			14	595,686 446,374		543,316 865,992
CREDITORS: Amounts	falling due within one year		15	1,042,060 177,168		1,409,308 488,678
TOTAL ASSETS LESS	CURRENT	LIABILITIES			864,892	920,630
CREDITORS: Amounts-falling-due		after one year	16			(107;832)
NET ASSETS					941,582	892,443
THE FUNDS OF THE CHARITY
Restricted Funds Unrestricted Funds			17 17		771,025 170,557	720,934 171,509
TOTAL CHARITY FUNDS					941,582	892,443

			Total	Total
			Funds	Funds
			2022	2021
		Note
Cash flows from operating activities:
net cash provided by operating activities		21	58,131	74360
Cash flows from investing activities:
interest from investments				537
Proceeds from the disposal ofa vehicle			1,800
Purchase of tangible fixed assets			23034	24263
Net cash provided by (used in) investing		activities	21,234	23,726
Cash flows from financing activities:
Government grant income			2,306	80,314
Net (payments)/receipts from finance leases			(3,847)	(3,847)
Cash inflows from new borrowing				100,000
Repayment of borrowings			338,000
Net cash provided by financing activities			339,541	176,467
Change in cash and cash equivalents	in the	year	(418,906)	227,101
Change in cash and cash equivalents	due to exchange rate movement		(712)	(3,378)
Cash and cash equivalents at the beginning		ofthe year	865,992	642,269
Cash and cash equivalents at the end of		the year	446,374	865,992

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2022
		E		E
Donations		4,463	6,426	10,889
Covid Rates	Grant
JRS Furlough	Grant	2,306		2,306
River Giver donations		50		50
		6,819	6,426	13,245

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2021
		E
Donations		26,675	8,078	34,753
Covid Rates	Grants	10,000		10,000
JRS Furlough	Grant	70,314		70,314
River Giver donations		84		84
		107,073	8,078	115,151

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2022
				F
River	Projects		1,399,059	1,399,059

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2022
River	Projects		2,486,543	2,486,543

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2022
				K
Fund Raising	Activities	940		940
Recycling Income		20		20
Management	8 Contract Fee Income	16,300	23,290	39,590
		17,260	23,290	40,550

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2021
				K
Fund Raising	Activities	162		162
Recycling Income		126		126
Management	8 Contract Fee Income	22,602		22,602
		22,890		22,890

GRANT F	UNDERS —CU	RRR	ENT YEAR
				Unrestricted	Restricted	Total
				Funds	Funds	Funds
						2022
						E
Environment Agency					351,953	351,953
EA - Water Environment			Grant		324,360	324,360
Natural	England				22,266	22,266
Heritage	Lottery Fund				271,984	271,984
LifelP					2,221	2,221
Walney	Community	Fund			21,491	21,491
National	Trust				3,000	3,000
Sellafield					84,682	84,682
Outdoor	Partnership				2,340	2,340
United Utilities					181,990	181,990
W4W					13,336	13,336
NEIRF Natural Capital					2,925	2,925
NEIRF Environment		Agency			1,912	1,912
Lake District Nat Park					20,481	20,481
Cumbria	County Council				27,600	27,600
WEIFF					49,500	49,500
Cumbria	Community		Foundation		17,018	17,018
					1„399,059	1,399,059

			Unrestricted	Restricted	Total
			Funds	Funds	Funds
					2021
Environment Agency				785,635	785,635
EA - Water Environment		Grant		1,327,333	1,327,333
Natural England				34,059	34,059
Heritage	Lottery Fund			97,200	97,200
LifelP				7,337	7,337
Farmer Network National Trust				1,500 3,116	1,500 3,116
Sellafield				78,220	78,220
Hadfield	Trust			3,000	3,000
united utilities				136,443	136,443
Bannister	Trust			10,000	10,000
C2V Plus BEPDT				1,700 1,000	1,700 1,000
				2,486,543	2,486,543

DIRECT COSTS —CURRE	NT YEAR
		River	Total
		Projects	2022
		E
Project purchases		676,658	676,658
Advertising		979	979
Farmers Commissions Protective clothing Travel cost	8 Grants	112,361 3,728 18,854	112,361 3,728 18,854
Telephone		4,703	4,703
Printing, postage and	stationery	2,312	2,312
Legal and professional		9,162	9,162
Sundry expenses		4,172	4,172
Computer/Website Rent and Rates Electric and Gas Office Costs		7,409 17,334 2,486 3,219	7,409 17,334 2,486 3,219
Training		10,301	10,301
Insurance		9,904	9,904
Health &Safety
Repairs and maintenance New Office Costs		1,300	1,300
HR Consultants Wages and salaries		2,038 417,020	2,038 417,020
National insurance Pension Contributions Staff costs - sundry Depreciation Disposal ofassets		38,227 33,928 3,801 25,989 1,800	38,227 33,928 3,801 25,989 1,800
		1,404,085	1,404,085

		River	Total
		Projects	2021
		E	F
Project purchases		1,605,272	1,605,272
Advertising		1,309	1,309
Farmers Commissions	&Grants	170,316	170,316
Protective clothing		2,346	2,346
Travel cost		16,526	16,526
Telephone		5,552	5,552
Printing, postage and	stationery	2,316	2,316
Legal and professional		13,059	13,059
Sundry expenses		2,835	2,835
Computer/Website		12,520	12,520
Rent and Rates		22,622	22,622
Electric and Gas		2,099	2,099
Office Costs		3,186	3,186
Training		3,866	3,866
Insurance		9,764	9,764
Health 8 Safety		425	425
Repairs and maintenance		2,737	2,737
New Office Costs		3,453	3,453
HR Consultants		1,019	1,019
Wages and salaries		422,242	422,242
National insurance		39,186	39,186
Pension Contributions		31,674	31,674
Staff costs —sundry		2,456	2,456
Depreciation		21,334	21,334
Disposal ofassets		582	582
		2,398,695	2,398,695

GOVERNA	NCE	COSTS —CURRENT YEAR
			Unrestricted	Restricted	Total
			Funds	Funds	Funds
					2022
Accountancy		fees	1,200		1,200
Auditor's	Renumeration		2,688		2,688
Legal 8	professional		48		48
			3,936		3,936

GOVERNA	NCE COSTS —PRIOR YEAR
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2021
				K
Accountancy fees		1,200		1,200
Auditor's	Renumeration	2,593		2,593
Legal 8	professional	48		48
		3,841		3,841

River	Total
Projects	2022
703	703
(570)	(570)
449	449
582	582

	River	Total
	Projects	2021
		F
Bank Charges	646	646
RT Loan Interest	4,241	4,241
HP Interest	449	449
	5,336	5,336

	Staff costs	Depreciation	Other costs	Total
	2022	2022	2022	2022f
River Projects	489,176	25,989	892,190	1,407,355
Governance	489,176	25,989	1,248 893,438	1,248 1,408,603

	Staff costs	Depreciation	Other costs	Total
	2021	2021 f	2021 f	2021f
River Projects	493,102	21,334	1,892,188	2,406,624
Governance			1,248	1,248
	493,102	21,334	1,893,436	2,407,872

		Activities
		Undertaken	Support
		directly	cost	Total
		2022f	2022 f	2022
River	Projects	1,295,660	582	1,296,242
Grants	to Farmers	112,361		112,361
River	Projects	1,408,021	582	1,408,603

		Activities
		Undertaken	Support
		directly	cost	Total
		2021f	2021f	2021f
River	Projects	2,232,220	5,336	2,237,556
Grants	to Farmers	170,316		170,316
River	Projects	2,402,536	5,336	2,407,872

			2022	2021
			F	E
Wages and salaries			417,020	422,242
Employers	national	insurance	38,227	39,186
Employer	Pension	Contribution	33,928	31,674
			489,175	493,102

		2022	2021
		No	No
Management		1	1
Project Staff		14	14
Administration	Staff	1	1

	Motor	Plant and	Office
	Vehicle	Machinery	Equipment	Total
COST
At 1 April 2021	55,682	123,490	9,511	188,683
Additions	23,034			23,034
Disposals	7,200			7,200
At 31 March 2022	71,516	123,490	9,511	204,517
DEPRECIATION
At 1 April 2021	29,159	70,438	9,441	109,038
Charge for year	10,772	15,148	69	25,989
On disposals	(7,200			7,200
At 31 March 2022	32,731	85,586	9,510	127,827
NET BOOK VALUE
At 31 INarch 2022	38,785	37,904	1	76,690
At 31 March 2021	26,523	53,052	70	79,645

					2022	2021
					E
Trade creditors					92,202	161,612
Other taxation	and	social	security		9,908	10,336
Public benefit concessionary				loan - The Rivers Trust	62,000	295,000
Other creditors					7,074	6,565
Hire purchase	agreement		-	Van	2,832	3,398
Accruals and deferred income					3,152	11,767
					177,168	488,678
CREDITORS: Amounts		falling due after one year
					2022	2021
Hire Purchase	agreement		-	Van		2,832
Public benefit	concessionary			loan - The Rivers Trust		105,000
						107,832

17.STATEMENT OF FUNDS —CURRENT	17.STATEMENT OF FUNDS —CURRENT	YEAR
		Balance at	Movement	in resources:	Transfers	Balance at
		01 Apr 21	Incoming	Outgoing		31Mar 22
		E	E		f	E
Unrestricted funds
General funds		171,509	24,079	23,098	1,933	170,557
Total Unrestricted funds		171,509	24,079	23,098	1,933	170,557
Restricted funds
Invasive Species		2,074	8,669	8,051		2,692
Loweswater Care		4,728	5,600	2,191		8,137
River Restoration Project		169,354	137,900	107,046	(13,604)	186,604
Catchment Partnership		78,372	40,000	29,549		88,823
Annas Catchment		7,938	30,845	32,572		6,211
Ellen Catchment Wise		1,332		900	(432)
Thirlmere		17,784	21,760	39,728		(184)
River Irt Compensation		66,171	65,381	60,300	(1,745)	69,507
CPAF		7,047	44,500	38,437		13,110
Restoring the Derwent		40,950	271,984	306,961		5,973
Ennerdale Mill Dam		10,000				10,000
Wild Rivers Education		19,531	35,264	34,466		20,329
Electrofishing Survey		5,046	11,256	9,956	1,933	8,279
Compensatory Measures		17,796	73,934	53,235		38,495
Broughton Beck		(624)	23,767	23,143
Smolt Traps - Solway	Firth	7,302		4,054		3,248
Crookhurst Faciliation	Fund	66	7,183	6,998		251
Cocker Facilitation Fund			9,657	9,315		342
Flimby		24,735	21,000	37,229		8,506
Glendermackin NFM		60,726	30,000	42,318		48,408
The Cocker NFM		48,664	73,898	74,754		47,808
Newlands		7,861				7,861
Crookhurst WEG		221	39,665	38,716		1,170
Vounteering		23	1,146	3,204	2,035
Routes into Work		2,143		488	1,655
Sub Restricted FundsTotal		599,240	953,409	963,611	(13,468)	575,570

		Balance at	Movement	in resources:	Transfers	Balance at
		01 Apr 21	Incoming	Outgoing		31 Mar 22
		E	E	f	E	E
Brought Forward		599,240	953,409	963,611	(13,468)	575,570
Keekle WEG		(13,075)	15,292	15,821	13,604
Glendermackin	WEG	6,814	87,275	89,817		4,272
Cocker WEG		5,316	182,128	186,209		1,235
Natural England	Projects	6,715	2,527	1,877		7,365
People on The	Keekle	107,997	101,352	76,207		133,142
Farming Rules			2,220	4,300	2,080
Wild About Walkmili			31,310	3,578	(380)	27,352
St John's Beck			29,689	21,726	(1,648)	6,315
Woods for Water			13,336	10,097		3,239
NEIRF Resilient	Glendermackin		2,606	2,215		391
IRT High Status			2,231	3,976	1,745
Nionitoring			11,000	3,157		7,843
River Corridor Group		7,927		3,626		4,301
Total Restricted	funds	720,934	1,434,375	1,386,217	1,933	771,025
Total of funds		892,443	1,458,454	1,409,315		941,582

		Balance at	Movement	in resources:	Transfers	Balance at
		01 Apr 20	Incoming	Outgoing		31 Mar 21
		E	E	E	E	E
Unrestricted funds
General funds		168,245	130,500	127,192	44	171,509
Total Unrestricted funds		168,245	130,500	127,192	44	171,509
Restricted funds
Invasive Species		3,659		1,585		2,074
Loweswater Care		4,920	883	1,075		4,728
River Restoration Project		132,936	78,472	60,228	18,174	169,354
Catchment Partnership		91,057	40,000	51,275	(1,410)	78,372
Annas Catchment		2,698	85,865	80,625		7,938
Ellen Catchment Wise		13,296		3,536	(8,428)	1,332
Thirlmere			20,300	2,516		17,784
River Irt Compensation		36,987	76,745	52,561	5,000	66,171
CPAF		8,959		1,912		7,047
,Restoring the Derwent			97,200	56,250		40,950
Ennerdale Mill Dam		32,516		3,423	(19,093)	10,000
Wild Rivers Education		20,705	10,000	11,174		19,531
Electrofishing Survey		3,246	9,300	7,500		5,046
Adopt a Tributary		29,083		29,327	244
Compensatory Measures		10,443	59,214	51,861		17,796
Broughton Beck		(459)	8,207	8,372		(624)
Smolt Traps - Sotway	Firth	8,226		924		7,302
Crookhurst Faciliation	Fund		4,387	4,321		66
Cocker Facilitation Fund			2,340	2,384	44
Flimby		31,849	58,957	66,071		24,735
Glendermackin NFM		(15,116)	262,334	186,492		60,726
The Cocker NFM		4,720	237,000	193,056		48,664
Vounteering		769		746		23
Routes into Work		2,143				2,143
Sub Restricted Funds Total		422,637	1,051,204	877,214	(5,469)	591,158

		Balance at	Movement	in resources:	Transfers	Balance at
		01 Apr 20	Incoming	Outgoing		31 Mar 21
		E		E		E
Brought Forward		422,637	1,051,204	877,214	-5,469	591,15&
Newlands		7,861				7,861
Crookhurst WEG		(22)	74,136	73,893		221
Keekle WEG		(4,302)	947,240	956,013		(13,075)
Glendermackin	WEG	9,520	168,855	171,561		6,814
Cocker WEG		(1,728)	137,102	130,058		5,316
Natural England	Projects		27,332	15,617	(5,000)	6,715
People on The	Keekle	56,990	80,120	28,869	(244)	107,997
Farming Rules		(4,181)	8,632	15,208	10,757
River Corridor Group		23,592		15,665		7,927
Total Restricted	funds	510,367	2,494,621	2,284,098	44	720,934
Total offunds		678,612	2,625,121	2,411,290		892,443

		Unrestricted	Restricted	Total Funds	Total Funds
		funds	funds	2022	2021
		E	E	E	E
Tangible	fixed assets	38,787	37,903	76,690	79,645
Current	assets	141,754	900,306	1,042,060	1,409,308
Current	liabilities	(9,984)	(167,184)	(177,168)	(488,678)
Long term liabilities					107,832
		170,557	771,025	941,582	892,443

		Unrestricted	Restricted	Total Funds	Total Funds
		funds	funds	2021	2020
		E	E	E	K
Tangible	fixed assets	26,594	53,051	79,645	57,298
Current	assets	182,577	1,226,731	1,409,308	1,073,783
Current	liabilities	(34,830)	(453,848)	(488,678)	(176,239)
Long term liabilities		2,832	105,000	107,832	276,230
		171,509	720,934	892,443	678,612

ases. Am	ounts relate to re	nt ofthe offices, photocopier	and telephones.
			2022	2021
			E	f
Operating	leases payments	due:
Within one year			22,741	22,741
In the second to fifth years		inclusive	46,907	58,729
Over five	years			7,700
			69,648	89,170

			2022	2021
			f	K
Net income for the	year		49,851	217,209
Adjustments for:
Less Government grant income			(2,306)	(80,314)
Less donation in kind				(20,000)
Add back depreciation			25,989	21,334
Deduct interest income				(537)
Add back HP interest	charge		449	449
Add back loss on fixed asset disposal				582
Deduct proceeds re	fixed aset disposal		(1,800)
(Increase) decrease	in debtors		(52,370)	(111,802)
Increase (decrease)	in creditors		(77,944)	47,439
Increase (Decrease)	in long term	creditors
Net cash provided	by operating	activities	(58,131)	74,360

		At	Cash Flows	Other non	At
		01/04/2021 E	E	Cash Changes f	31/03/2022
Cash 8 Cash Equivalents
Cash		865,992	419,618		446,374
Borrowings
Due within one year
Finance Lease		(3,398)	3,398	(2,832)	(2,832)
Public Benefit Concessionary	Loan	(265,000)	203,000		(62,000)
Due a/ter one year
Finance Lease		(2,832)		2,832
Public Benefit Concessionary	Loan	135,000	135,000
		(406,230)	341,398		(64,832)
TOTAL		459,762	(78,220)		381,542