3Registered company number: 07713172 (England and Wales)
Registered charity number: 1145188
## **NORTHUMBERLAND RIVERS TRUST**
## **COMPANY LIMITED BY GUARANTEE**
**TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
Northumberland Rivers Trust Cragend Rothbury Northumberland NE65 7XN www.northumberlandriverstrust.co.uk
## **NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
|**Contents**|**Page**|
|---|---|
|Charity information|3|
|Trustee’s report|4|
|Examiner’s report|9|
|Statement of financial activities|10|
|Balance sheet|11|
|Notes to the financial statements|13|
|Detailed income and expenditure account|21|
2
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **CHARITY INFORMATION**
## **Company Registration Number**
07713172
## **Charity Registration Number**
1145188
## **Registered Office**
Time Central, c/o Muckle LLP, 32 Gallowgate, Newcastle Upon Tyne, NE1 4BF
## **Trustees**
S M Renwick (Chairman) A E Collingwood-Cameron G C Hodgson J W Jackson Ms J C Jonczyk R J Inverarity G R Clewes
## **Company Secretary**
Peter Kerr resigned 1 May 2024 Duncan Glen appointed 2 May 2024
## **Independent Examiner**
Counting North, Salvus House, Aykley Heads, Durham City, Durham, DH1 5TS
## **Bankers**
Natwest, 4 Bridge Street, Morpeth, Northumberland, NE61 1NG
3
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **TRUSTEES REPORT**
## **Introduction**
The Trustees (who are also directors of the Charity for the purposes of the Companies Act) submit their annual report and the financial statements of Northumberland Rivers Trust (the charitable company) for the year ended 31 March 2024. The Trustees confirm that the annual report and financial statements of the charitable company comply with current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Charities SORP (FRS102).
## **Legal Status**
Northumberland Rivers Trust is a charitable company limited by guarantee, company number 7713172, and is a registered charity, number 1145188. The charity was established under a Memorandum of Association, which established the objectives and powers of the company, and is governed under its Articles of Association. The members of the company are the current trustees and the liability of the members is limited. Every member of the charity promises, if the charity is dissolved while he or she is a member (or within twelve months after he or she ceases to be a member), to contribute such sum (not exceeding £1) as may be demanded of him or her towards the payment of the debts and liabilities of the charity incurred before he or she ceases to be a member, and of the costs, charges and expenses of winding up. For the purposes of company law, the trustees of the charity are directors of the company.
## **Method of Appointment of Trustees**
The management of the charitable company is the responsibility of the Trustees who are appointed under the terms of the Memorandum and Articles of Association. At each annual general meeting one fifth of the directors retire and are eligible for re-election.
## **Organisational structure and decision making**
The Trustees attend Board meetings throughout the period as required (roughly every 2 months), and these meetings form the basis of strategic decision making.
The Trustees are supported by the Secretary of the Trust who undertakes many of the day to day activities. In May 2024 Pete Kerr stepped down as the Secretary after 13 years of service and was replaced by Duncan Glen.
## **Risk Management**
The Trustees have established systems to mitigate risk appropriate to the size of the charity with a focus on finance and Health and Safety. Processes and procedures are reviewed annually by the Trustees and annual refreshment of Health and Safety procedures takes place for all staff, Trustees and volunteers.
## **Wider network**
Northumberland Rivers Trust is part of a growing movement: there are now over fifty rivers trusts in England and Wales, covering most of the river catchments. The rivers trusts are affiliated to an umbrella organisation, The Rivers Trust, which acts as a point of liaison between them, sharing information and best practice, and coordinating/administering the bids and delivery of specific government / trust funds.
4
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **Objectives**
The aims of the Trust are as set out in the Memorandum and Articles of Association, namely, to restore and safeguard Northumberland’s rivers and streams.
We are committed to:
Undertake environmental projects with communities and angling clubs to restore and improve habitats;
Share and promote awareness of environmental issue and best practice;
Work in partnership with communities, angling clubs, environmental organisations and others to deliver lasting improvements;
Help deliver a Catchment Based Approach to works.
Our area of working is all the rivers and streams that flow into the North Sea north of the Tyne and south of the Tweed as shown by the map below:
5
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **Activities**
The Northumberland Rivers Trust continued to deliver an exciting range of projects during this period to improve the rivers and streams of Northumberland.
We completed a community project at Thropton, including building riverside benches and improving a footbridge over a stream.
A large invasive plants project was delivered through the year at many sites across the County. This saw extensive work to control Giant Hogweed on the Long Nanny and Wansbeck, and significant works to treat Japanese Knotweed at many sites on the Aln, Coquet, Wansbeck, Lyne and Seaton Burn. We involved volunteers in this high priority work to help ensure public access to riverbanks can continue unimpeded.
Our largest project this year was the continuing Riverhealth project funded by the Heritage Lottery. This scheme employed teams of young people to deliver practical works on riverbanks with community volunteers. Measures included improved riverside access at Plessey Woods, Ponteland and Ulgham, fishing platforms at Bolam Lake, and several timber fish passes. The project also worked with the Scouts to improve their site at Pigdon and to build bird boxes.
Throughout the year we continued to download river level information on the Delf Burn to help assess the changes brought about by Beaver reintroduction at Wallington.
We continued our work to lead the Northumberland Crayfish Partnership to help protect and enhance our native crayfish. Work included awareness campaigns with angling clubs and investigations to assess populations ahead of ‘ark site’ work next year.
The Northumberland Rivers Trust helped various community groups set up the Coquet River Action Group. Led by the Women’s Institute, this initiative plans to gather water quality information to help bring about improvements to the river Coquet. We helped the group secure initial funding, gave a series of talks and trained volunteers to assess invertebrate health in the river.
We held several corporate volunteer sessions this year with groups from Northumbrian Water, Proctor and Gamble and Greggs. Activities included tree planting, building otter holts and tackling invasive plants.
Over the winter we focused on planting 25,000 trees and hedge plants with volunteers. Some of this work was supported by the Riverhealth project and we also worked closely with the Great Northumberland Forest.
In the spring of 2024, the Northumberland Rivers Trust started the process of recruiting a new Director following the decision of Pete Kerr to step back from the role after 13 years.
## **Public Benefit**
The trustees have had due regard to the guidance published by the charity commission on public benefit.
The work of the Northumberland Rivers Trust benefits rivers, river wildlife and the people who enjoy rivers and who gain their livelihood from rivers.
6
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
Community engagement is a key element of all our projects as we recognise that people are only likely to care for their river if they enjoy and understand it. This is achieved by running events and holding informative public meetings.
## **Financial Review**
In the period reported, income increased from £188,548 to £233,658. Much of the funding received is from tranches of local and national government grant monies for major projects, working with partners such as the Environment Agency and Rural Payments Agency. This year we have actively sought to broaden the funding base with some success in securing funding from National Lottery, Natural England, National Trust and Groundwork. We believe that this broader financing will become increasingly important in the coming years.
Due to the increased funding, there was also an increase in expenditure from £186,183 to £284,061, resulting in an overall decrease in reserves from £114,286 to £63,883.
## **Reserves Policy and Going Concern**
The trustees have reviewed the charity’s needs for reserves in line with guidance issued by the Charity Commission.
The Trustees keep their reserves policy and level of reserves held under review, monitoring the level of reserves held throughout the year as part of the normal monitoring and budgetary process. The main risks to both Income and expenditure are highlighted, and the level of committed expenditure taken into account. The majority of the charity’s income continues to be project specific, this limits our ability to create a reserve, however the Trust continues to look to bring in other non-specific income and will look at ways to use this to create a reserve to secure the Trusts future.
## **The Trustees**
The trustees who served the charity during the year were as follows:
S M Renwick A E Collingwood-Cameron G C Hodgson J W Jackson Ms J C Jonczyk R J Inverarity
## **Plans for the future**
Looking forward, we secured a significant Heritage Lottery project to work with young people on rivers in South Northumberland. Funding for environmental projects continues to be tight, although our track record suggests that we should be able to secure sufficient funding to keep our limited team of project managers very busy.
## **Statement of Trustees Responsibilities**
The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
7
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small Company Provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ regime.
The trustee’s annual report was approved and signed on behalf of the Board of Trustees by:
S M Renwick 26[th] September 2024 (Chairman)
8
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF NORTHUMBERLAND RIVERS TRUST**
I report to the charity trustees on my examination of the financial statements of the Northumberland Rivers Trust (“the Company”) for the year ended 31 March 2024.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities reporting their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## GHenderson
GHenderson (Oct 21, 2024 08:49 GMT+1)
Gerald Henderson FCA FCCA Counting North Chartered Accountants and Registered Auditors Salvus House Aykley Heads Durham City Durham 26[th] September 2024
9
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**Notes**
**Income**
Income from charitable
activities
4
Other
5
**Total**
**Expenditure**
Raising funds
6
Charitable activities
7
**Total**
**Net income /**
**(expenditure) before**
**transfers**
Transfers
**Net movement in funds**
**Reconciliation of funds**
Total funds brought
forward
15
**Total funds carried**
**forward**
15|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
8,370
224,014
232,384
181,678
1,274
-
1,274
6,870|
|---|---|
||9,644
224,014
233,658
188,548|
||-
-
-
-
9,054
275,007
284,061
186,183|
||9,054
275,007
284,061
186,183|
||590
(50,993)
(50,403)
2,365
(4,662)
4,662
-
-|
||(4,072)
(46,331)
(50,403)
2,365
45,215
69,071
114,286
111,921|
||41,143
22,740
63,883
114,286|
10
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **BALANCE SHEET**
|**Notes**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
**Creditors: amounts due**
**within one year**
14
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts due**
**after more than one year**
**Total assets less**
**liabilities**
**Charity funds**
Unrestricted funds
15
Restricted funds
15|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**2024**
**£**
**Total**
**2023**
**£**
727
-
727
970|
|---|---|
||1,375
53,187
54,562
16,219
43,482
(30,447)
13,035
102,058|
||44,857
22,740
67,597
118,277|
||(4,441)
-
(4,441)
(4,961)|
||40,416
22,740
63,156
113,316
41,143
22,740
63,883
114,286
-
-
-
-|
||41,143
22,740
63,883
114,286|
||41,143
-
41,143
45,215
-
22,740
22,740
69,071|
||41,143
22,740
63,883
114,286|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
11
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
The trustees acknowledge their responsibility for
- a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006; and
- b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Board of Trustees on 26[th] September 2024 and were signed on its behalf by:
S M Renwick (Chairman)
The notes on pages 13 to 21 form part of these financial statements.
12
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. General information**
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Time Central, c/o Muckle LLP, 32 Gallowgate, Newcastle Upon Tyne, NE1 4BF
## **2. Statement of compliance**
These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Companies Act 2006. The financial statements are prepared in sterling which is the functional currency of the charity.
Northumberland Rivers Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **3. Accounting policies**
## _**Income**_
All incoming resources are included in the Statement of financial activities when the charitable company is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charitable company where this can be quantified, and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## _**Expenditure**_
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributable to particular activities, they have been allocated on a basis consistent with the use of the resources.
13
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charitable company. Governance costs are those incurred in connection with administration of the charitable company and compliance with constitutional and statutory requirements.
## _**Fund accounting**_
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charitable company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## _**Tangible fixed assets**_
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment – 25% reducing balance
## _**Taxation**_
As a registered charity, the company is exempt from income and corporation tax to the extent that’s its income and gains are applicable to charitable purposes only. Value Added Tax is only applied to projects which are operated on a commercial rather than charitable basis.
14
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **4. Charitable activities**
|Environmental projects
Total|**Unrestricted**
**funds**
**2024**
**£**
**Restricted**
**funds**
**2024**
**£**
**Total**
**funds**
**2024**
**£**
**Total**
**funds**
**2023**
**£**
8,370
224,014
232,384
181,678|
|---|---|
||8,370
224,014
232,384
181,678|
**5. Other income**
|Donations
Other
Total
**enditure on raising funds**
Fundraising
Total|**Unrestricted**
**funds**
**2024**
**£**
**Restricted**
**funds**
**2024**
**£**
**Total**
**funds**
**2024**
**£**
**Total**
**funds**
**2023**
**£**
1,274
-
1,274
6,870
-
-
-
-|
|---|---|
||1,274
-
1,274
6,870|
||**Unrestricted**
**funds**
**2024**
**£**
**Restricted**
**funds**
**2024**
**£**
**Total**
**funds**
**2024**
**£**
**Total**
**funds**
**2023**
**£**
-
-
-
_-_|
||-
-
-
_-_|
**6. Expenditure on raising funds**
**7. Expenditure on charitable activities**
|Environmental projects
Total|**Direct**
**expenses**
**2024**
**£**
**Support costs**
**2024**
**£**
**Total**
**2024**
**£**
**Total**
**2023**
**£**
237,414
46,647
284,061
186,183|
|---|---|
||237,414
46,647
284,061
186,183|
15
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **8. Direct costs**
|Project materials and third party services
Time costs
Consumable tools and equipment
Direct expenses
Mileage and travel costs
Other project costs
**port costs**
Directors’ costs
Pensions
Rent
Insurance
Printing, stationery, postage and telephone
Accountancy
Independent examiners fees
Legal fees
Bank charges
General expenses
Depreciation||**Total**
**2024**
**£**
**Total**
**2023**
**£**
208,709
116,409
10,815
20,118
6,495
2,756
-
23
5,160
5,081
6,235
2,661|
|---|---|---|
|||237,414
147,048|
|||**Total**
**2024**
**£**
**Total**
**2023**
**£**
33,928
26,058
1,187
823
-
190
1,866
1,779
1,285
1,703
4,130
4,104
1,782
1,782
170
-
86
78
1,970
2,294
243
324|
|||46,647
39,135|
## **9. Support costs**
16
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **10. Fees for examination of the financial statements**
|Examiners fees
Total|**Unrestricted**
**funds**
**2024**
**£**
**Restricted**
**funds**
**2024**
**£**
**Total**
**funds**
**2024**
**£**
**Total**
**funds**
**2023**
**£**
1,782
-
1,782
1,782|
|---|---|
||1,782
-
1,782
1,782|
## **11. Staff costs**
|Directors Remuneration
Staff salaries
Pension costs
Total|**2024**
**£**
**2023**
**£**
33,928
7,634
26,058
-
1,187
823|
|---|---|
||42,749
26,881|
No employees received employee benefits for the reporting period of more than £60,000.
|**Average headcount in the year**
Fundraising
Charitable activities
Governance
Total|**Total**
**2024**
**Total**
**2023**
-
-
2
1
-
-|
|---|---|
||2
1|
17
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **12. Tangible fixed assets**
|**Cost**
As at 1 April 2023
Additions
As at 31 March 2024
**Depreciation**
As at 1 April 2023
Charge for the year
As at 31 March 2024
**Net book value**
As at 31 March 2024
As at 31 March 2023|**Office**
**Equipment**
2,705
-|
|---|---|
||2,705|
||1,735
243|
||1,978|
||727|
||970|
## **13. Debtors**
|Trade debtors
Prepayments and accrued income|**2024**
**£**
**2023**
**£**
-
-
54,562
16,219|
|---|---|
||54,562
16,219|
## **14. Creditors amounts falling due within one year**
|Accruals and deferred income
Other creditors|**2024**
**£**
**2023**
**£**
1,920
1,782
2,521
3,179|
|---|---|
||4,441
4,961|
18
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
|**15. Analysis of funds**
**UNRESTRICTED FUNDS**
General funds
**RESTRICTED FUNDS**
Acklington
Aln Smart River
Barratt – Delf Burn
Barratt – Crayfish
Barratt – Crayfish Bar
Barratt – Easeme
Blue Spacing Longdyke
Blue Spacing Lyne
Chris Lucas
Coca Cola
Coke Maintenance
Coquet WQ
Crayfish
Garfield & Weston
INNS
River Health
South Low
St Aidans Stream
The Big Give
Thropton Community
**Total**|**Brought**
**forward**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**in/out**
**Carried**
**Forward**
**£**
**£**
**£**
**£**
**£**
45,215
9,644
(9,054)
(4,662)
41,143|
|---|---|
||607
-
-
-
607
-
1,025
(1,235)
210
-
14,996
-
(3,837)
-
11,159
3,833
-
(529)
(3,304)
-
270
-
-
(270)
-
4,068
-
-
-
4,068
160
-
-
(160)
-
1,037
-
(320)
(717)
-
531
-
-
(531)
-
-
-
(210)
210
-
-
375
(375)
-
-
-
1,500
(1,072)
-
428
-
8,109
(9,734)
3,835
2,210
39,488
-
(38,471) (650)
367
3,849
450
(398)
-
3,901
-
163,468
(168,535)
5,067
-
-
-
(797)
797
-
-
13,402
(13,653)
251
-
-
35,685
(35,685)
-
-
232
-
(156)
(76)
-|
||69,071
224,014
(275,007)
4,662
22,740|
||114,286
233,658
(284,061)
-
63,883|
19
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **16. Company limited by guarantee**
The Charity is a company limited by guarantee and does not have any share capital. The company is incorporated in England. If upon winding up or dissolution of the charity there remains any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **17. Related party transactions**
During the year the charity had transactions with Riverworks Ltd, a company controlled by the Trust Secretary, Peter Kerr. The charity paid Riverworks Ltd £59,695 (2023 - £72,860) for services rendered.
20
**NORTHUMBERLAND RIVERS TRUST YEAR ENDED 31 MARCH 2024**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT**
|**Income**
Charitable activities
Other income
**Total income**
**Direct expenses**
Project materials and third
party services
Time costs
Consumable tools and
equipment
Direct expenses
Mileage and travel costs
Other project costs
**Operating expenses**
Directors’ costs
Rent
Pensions
Insurance
Printing, stationery,
postage and telephone
Accountancy
Independent examiners
fees
Bank charges
Legal fees
General expenses
Depreciation
**(Deficit)/Surplus for the**
**year**
**Funds brought forward**
**Funds carried forward**|**2024**
**£**
232,384
1,274|**2024**
**£**
233,658
(237,414)
(46,647)|**2023**
**£**
181,678
6,870|**2023**
**£**
188,548
(147,048)
(39,135)|
|---|---|---|---|---|
||208,709
10,815
6,495
-
5,160
6,235||116,409
20,118
2,756
23
5,081
2,661||
||33,928
-
1,187
1,866
1,285
4,130
1,782
86
170
1,970
243||26,058
190
823
1,779
1,703
4,104
1,782
78
-
2,294
324||
||||||
|||(50,403)
114,286||2,365
111,921|
|||63,883||114,286|
21
## NRT 31 03 24 Final
Final Audit Report
2024-10-21
Created: 2024-10-20 By: GHenderson (ged.henderson@countingnorth.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA9Hot9oezbapPXLP9rhvg9A15MPcILj1X
## "NRT 31 03 24 Final" History
- Document created by Ged Henderson (ged.henderson@countingnorth.co.uk)
2024-10-20 - 1:42:26 PM GMT- IP address: 217.23.224.20
Document emailed to Shaun Renwick (shaunrenwick@cragendfarm.co.uk) for signature
2024-10-20 - 1:42:32 PM GMT
Email sent to duncan.glen@northumberlandriverstrusst.org bounced and could not be delivered 2024-10-20 - 1:42:44 PM GMT
- Email viewed by Shaun Renwick (shaunrenwick@cragendfarm.co.uk)
2024-10-20 - 4:19:05 PM GMT- IP address: 84.9.223.148
- Document e-signed by Shaun Renwick (shaunrenwick@cragendfarm.co.uk)
Signature Date: 2024-10-21 - 7:46:35 AM GMT - Time Source: server- IP address: 84.9.223.148
Document emailed to Ged Henderson (ged.henderson@countingnorth.co.uk) for signature 2024-10-21 - 7:46:37 AM GMT
Email viewed by Ged Henderson (ged.henderson@countingnorth.co.uk) 2024-10-21 - 7:48:55 AM GMT- IP address: 94.2.212.81
Signer Ged Henderson (ged.henderson@countingnorth.co.uk) entered name at signing as GHenderson 2024-10-21 - 7:49:32 AM GMT- IP address: 94.2.212.81
- Document e-signed by GHenderson (ged.henderson@countingnorth.co.uk) Signature Date: 2024-10-21 - 7:49:34 AM GMT - Time Source: server- IP address: 94.2.212.81
Agreement completed.
2024-10-21 - 7:49:34 AM GMT