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← The Aire Rivers Trust

2024-03-31-accounts

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Company registration number 07464227 (England and Wales)

Charity registration number 1145609

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs C Broadhead (Appointed 10 May 2023)
Mr D Brazendale
Mr K Sunderland
Mr M Davis (Appointed 10 May 2023)
Mr A Fraser (Appointed 10 May 2023)
Mrs K Jennings (Appointed 10 May 2023)
Dr D N Lerner
Mr G M Roberts
Ms W S Robinson
Mr J Whaley
Charity number 1145609
Company number 07464227
Principal address Bizspace
Albion Mills Business Centre
Greengates
Bradford
BD10 9TQ
Registered office 38 Morton Lane
East Morton
Keighley
BD20 5RS
Independent Examiner Alison Whalley FCA
Azets Audit ServicesLtd
Carlton House
Grammar School Street
Bradford
BD1 4NS
Bankers Barclays Bank plc
77 North Street
Keighley
BD21 3SA
Skipton Building Society Bingely
133-135 Main Street
Bingley
West Yorkshire
BD16 1AJ

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 25

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects or the charity are:-

Main Activities

The Aire Rivers Trusts also referred to as ART, believes in connecting people, places and nature. We are one of a network of Rivers trust working to improve our catchment's health and natural processes.

Our Vision for the River Aire is:

"It will be a thriving river valued for its environmental, social and economic benefits, and which is actively appreciated by the community for its diverse ecology and contribution to flood risk management."

To achieve our aim, we develop and deliver projects that create and sustain improvements in our river supporting natural capital, community engagement and volunteering projects.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Projects

This financial year saw the Trust delivering several habitat creation projects to enhance the River Aire. These included:

We produced detailed designs for a wetland on Chellow Dene Beck in Bradford and the removal of two small weirs, began development work for natural flood management schemes on two further tributary systems in Bradford and began an extensive desktop survey of barriers to fish passage within the catchment for future removal or fish passage improvements. We continue to engage with landowners to encourage changes in land management practises and small capital schemes, such as riverside fencing, to improve tributaries within Bradford through our Better Becks programme.

The Trust installed riverside interpretation boards in Bingley and Silsden, which share information about wildlife and the restoration of the River Aire.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

In partnership with Leeds City Council, the Aire Rivers Trust, the Rivers Trust, the Environment Agency and Nature Finance, we have been delivering landowner engagement in preparation for the launch of the Aire Resilience Company. This innovative partnership is designed to unlock private finance to improve flood resilience through natural flood management in the Aire Valley and designed to protect Leeds.

With the support of Keighley Towns Fund we launched the River Worth Restoration study, developing plans to improve habitat and access along the River Worth and surveying 65km of the River Worth and its tributaries to enable us to write a detailed catchment plan for improving the river's health.

(left) The new interpretation board in Silsden is sharing our work to provide habitat for curlews in the Upper Aire.

(right) Building fascines for bank protection to reduce erosion in Baildon.

Our Water Quality Officer, or “Urban Pollution Hunter,” continues to work with community groups, the Environment Agency and Yorkshire Water’s River Health team to identify and address pollution concerns. In partnership with the National University of Taiwan and the University of Newcastle, we have been piloting low-cost “Water Box” pollution monitors in Bradford Beck as part of their UpStream project.

Education

In support of other projects, we loaned our river table to two schools to help them learn about their local rivers. Summer also saw us participate in the Yorkshire Agricultural Society’s Countryside Days, an opportunity to deliver workshops to ten schools from our catchment and neighbouring areas at the Great Yorkshire Showground.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Volunteering

During the year, we ran 77 riverside conservation sessions through which 53 regular participants, together with corporate volunteers, contributed over 2,400 hours of volunteering. With the support of these volunteers, we have:

We have supported several community groups in caring for and celebrating their rivers, most notably through the Our Clean River campaign in Spring 2023 and Friends of Bradford’s Becks summer Festival of the Becks.

We support a wide range of citizen science programmes thanks to the support of 47 volunteers, including one of the country's most active Riverfly volunteer networks, as part of the Anglers Riverfly Monitoring Initiative (ARMI), which contributed over 450 hours of volunteering. Thanks to the support of our volunteer network, we were also able to:

All this would not have been possible without the support of our Trustees. We are particularly grateful for their time and expertise.

Volunteers participating in training to identify potential polluting pipes and sewer overflows as part of an “Outfall Safari.”

Volunteers participating in a river clean up on the River Worth.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Catchment Partnership

The Aire Rivers Trust (ART) host the River Aire Catchment Partnership, The Aire Catchment Network (ACN). This is one of many catchment partnerships which operate under DEFRA’s Catchment Based Approach (CaBA) programme. The network aims to develop projects as partnerships between organisations to achieve grander catchment ambitions and increase impact. The network has increased in number from circa 300 members to 360 over the financial year. Over 2022/23, we have hosted four workshops and structured interviews to develop project aspirations to inform our catchment plan.

The ACN has offered technical support to several partner organisations and projects, including GIS skills (Geographical Information Systems), river restoration and catchment knowledge.

As part of the Yorkshire Water-funded Friends of the Middle Aire project, we ran quarterly networking events for volunteers and community groups along the river to share skills and promote collaborative working.

The Trust supported collaborative applications to Defra’s Landscape Recovery and Natural England’s Nature Recovery funding opportunities with stakeholders in the Aire and Calder valleys, including local authorities and the National Trust.

Partnership working

All this work couldn’t have been possible without partnership working. Amongst others, we’d like to thank the following for their support:

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

The income for the year amounted to £358,328 (2023 £574,359) with expenditure being £413,469 (2023 £320,262), leaving a net expenditure for the year of £55,141 (2023 net income £254,097).

The Operating fund is to enable smooth running of the charity and to enable an orderly winding up should the charity have to close. The operating reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding or to cover uninsured losses. The target minimum Operating Reserve Funds is equal to three months average operating costs.

The calculation of average quarterly operating costs includes all recurring, predictable expenses such as salaries and benefits, occupancy, office, travel, program, and ongoing professional services. This equates to £70,000.

A target maximum balance of £40,000 has also been identified to ensure as far as reasonably possible that monies received by the Trust are being expended on meeting the aims of the Trust as set out in its Articles of Association.

The unrestricted free reserves, less unrestricted fixed assets held at the year end was £242,453. This includes £198,785 of Designated Funds, including £150,667 from Enforcement Undertakings, For a further breakdown of Designated Funds please refer to Note 15.The trustees feel this amount is in line with the reserves policy.

Operating Reserves Policy 2024

The purpose of the Operating Reserves Policy for The Aire Rivers Trust is to ensure the stability of the mission, programs, employment, and ongoing operations of the charity.

The Operating Reserve is intended to provide an internal source of funds for situations such as (but not exclusive to):

The Reserve may also be used for one-time, nonrecurring expenses that will build long-term capacity, such as staff development, or investment in infrastructure.

Operating Reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget gap. It is the intention of The Aire Rivers Trust for Reserves to be used and replenished within a reasonably short period of time (by the end of the following Financial Year in which any Reserves are allocated).

The Operating Reserve policy will be implemented in concert with the other governance and financial policies of The Aire Rivers Trust and is intended to support the goals and strategies contained in these related policies and in strategic and operational plans.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Definitions and Goals

The Operating Reserve Fund is defined as the designated fund set aside by action of the Board of Trustees.

The Operating Reserve serves a dynamic role and will be reviewed and adjusted in response to internal and external changes.

The target minimum Operating Reserve Fund is equal to three months of average operating costs. The calculation of average monthly operating costs includes all recurring, predictable expenses such as salaries and benefits, occupancy, office, travel, program, and ongoing professional services. The amount of the Operating Reserve fund target minimum will be reviewed as necessary in light of changing circumstances and will be reported to the Board of Trustees and included in the regular financial reports.

Funding of Reserves

The Operating Reserve Fund will be funded with surplus unrestricted operating funds. The Board of Trustees may from time to time direct that a specific source of revenue be set aside for Operating Reserves.

Structure, governance and management

The charity is a company limited by guarantee and was formed on 8 December 2010. It is governed by a memorandum and articles of association amended 6 September 2011, 16 January 2012 and 21 February 2023.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs J Campbell (Resigned 10 May 2023) Mrs C Broadhead (Appointed 10 May 2023) Mr D Brazendale Mr K Sunderland Mr M Davis (Appointed 10 May 2023) Mr A Fraser (Appointed 10 May 2023) Mrs K Jennings (Appointed 10 May 2023) Dr D N Lerner Mr G M Roberts Ms W S Robinson Mr M S Penny (Resigned 8 November 2023) Mr J Whaley

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

The trustees are appointed for the skills and experience they can give to the charity. Training will be given if necessary.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The decisions of the charity are made by the Trustees, with the day to day running of the charity by the Manager.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The trustees' report was approved by the Board of Trustees.

Ms W S Robinson Trustee

13 November 2024

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE AIRE RIVERS TRUST

I report to the trustees on my examination of the financial statements of The Aire Rivers Trust (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Alison Whalley FCA Independent Examiner Azets Audit Services Ltd

Carlton House Grammar School Street Bradford BD1 4NS

Dated: 13 November 2024

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and
legacies
3
86,529
229,382
Charitable activities
4
36,159
-
Investments
5
6,258
-
Total income
128,946
229,382
Expenditure on:
Charitable activities
6
68,673
344,796
Net incoming/(outgoing)
resources before
transfers
60,273
(115,414)
Gross transfers
between funds
(56,823)
56,823
Net income/(expenditure)
for the year/
Net movement in funds
3,450
(58,591)
Fund balances at 1 April
2023
242,601
274,963
Fund balances at 31
March 2024
246,051
216,372		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
315,911
135,797
432,160
36,159
4,947
3
6,258
1,452
-
358,328
142,196
432,163
413,469
21,242
299,020
(55,141)
120,954
133,143
-
5,655
(5,655)
(55,141)
126,609
127,488
517,564
115,992
147,475
462,423
242,601
274,963		 Total
2023
£
567,957
4,950
1,452
574,359
320,262
254,097
-
254,097
263,467
517,564

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 11 3,598 5,293
Current assets
Debtors 12 47,257 40,783
Cash at bank and in hand 431,856 487,806
479,113 528,589
Creditors: amounts falling due within
one year 13 (20,288) (16,318)
Net current assets 458,825 512,271
Total assets less current liabilities 462,423 517,564
Income funds
Restricted funds 14 216,372 274,963
Unrestricted funds
Designated funds 15 198,785 -
General unrestricted funds 47,266 242,601
246,051 242,601
462,423 517,564

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 13 November 2024

( 592D173206894A6...by: Ms W S Robinson

Trustee

Company registration number 07464227

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

The Aire Rivers Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 38 Morton Lane, East Morton, Keighley, BD20 5RS .

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Designated funds are amounts the Trustees have ringfenced for an agreed purpose.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment Straight line 3 years Computers Straight line 3 years Motor vehicles Straight line 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
3,129
-
Donations EU
75,000
-
Listed below
-
229,382
Donated goods and
services
8,400
-
86,529
229,382		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
3,129
797
43
75,000
135,000
-
229,382
-
432,117
8,400
-
-
315,911
135,797
432,160		 Total
2023
£
840
135,000
432,117
-
567,957

Grants received in 2023 amounting to £135,000 have been restated as unrestricted donations from restricted funds due to a review of the classification of the income received from Enforcement Undertakings.

Grants receivable for
core activities
Bradford Metropolitan
District Council
Environment Agency
Yorkshire Water
Service Ltd
The Rivers Trust
The Bannister
Charitable Trust
Garfield Weston
Keighley Big Local
Liz and Terry Bramhall
Foundation
Postcode Lottery
University of Leeds
Royal Botanic
Gardens Kew
South Pennines Park
CAF
America/Patagonia
Groundworks UK
Kirklees Council
National Lottery
West Yorkshire
Combined Authority
Yorkshire Dales
National Park
Authority		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 54,000
40,489
18,850
5,000
3,668
-
10,648
-
-
-
-
-
7,868
16,131
42,944
20,000
184
9,600
229,382		 54,000
40,489
18,850
5,000
3,668
-
10,648
-
-
-
-
-
7,868
16,131
42,944
20,000
184
9,600
229,382		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 9,691
198,189
92,000
50,000
3,668
32,000
2,500
20,000
18,973
3,996
500
600
-
-
-
-
-
-
432,117		 9,691
198,189
92,000
50,000
3,668
32,000
2,500
20,000
18,973
3,996
500
600
-
-
-
-
-
-
432,117

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

(Continued)

Grants from 2023 amounting to £135,000 have been re-allocated from restricted funds to unrestricted donations in the accounts for year ended 31.3.24.

4 Charitable activities

Charitable Charitable
Income Income
2024 2023
£ £
Sales within charitable activities - 3
Services provided under contract 36,159 4,947
36,159 4,950
Analysis by fund
Unrestricted funds 36,159 4,947
Restricted funds - 3

5 Investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Interest receivable 6,258 1,452

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

6 Charitable activities

Charitable
Charitable
Expenditure
Expenditure
2024 2023
£ £
Staff costs 174,291 151,909
Project costs 87,950 56,456
Materials, resources and consumables 38,738 27,806
Travel 3,019 4,693
Services in kind 8,400 -
312,398 240,864
Share of support costs (see note 7) 95,523 77,760
Share of governance costs (see note 7) 5,548 1,638
413,469 320,262
Analysis by fund
Unrestricted funds 68,673 21,242
Restricted funds 344,796 299,020
413,469 320,262

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Support costs

Staff costs
Depreciation
Transport and travel
Office expenses
Rent and rates
Insurance
Training
Professional fees and
evaluation
Payroll and accountancy
Advertising and publicity
Transfer of funds
Sundry
Independent examination
Trustees expenses
Trustees meeting costs
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
62,251
-
3,909
-
313
-
3,607
-
14,889
-
3,099
-
880
-
3,305
-
1,392
-
468
-
-
-
1,410
-
-
3,000
-
1,895
-
653
95,523
5,548
95,523
5,548		 2024
£
62,251
3,909
313
3,607
14,889
3,099
880
3,305
1,392
468
-
1,410
3,000
1,895
653
101,071
101,071		 Support
costs
Governance
costs
£
£
23,986
-
3,587
-
-
-
5,962
-
15,963
-
5,168
-
5,816
-
-
-
1,139
-
7,445
-
7,860
-
834
-
-
1,638
-
-
-
-
77,760
1,638
77,760
1,638		 2023
£
23,986
3,587
-
5,962
15,963
5,168
5,816
-
1,139
7,445
7,860
834
1,638
-
-
79,398
79,398

Governance costs includes payments to the independent examiners of £3,000 (2023- £1,638) for independent examination fees.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

During the year 4 trustees were paid £1,886 for travel expenses and 1 trustee £344 for a laptop (2023 two trustees £772, travel expenses).

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
8 6

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

9
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
216,402
161,787
14,299
9,610
5,841
4,498
236,542
175,895		 (Continued)
2024
2023
£
£
216,402
161,787
14,299
9,610
5,841
4,498
236,542
175,895
175,895

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Tangible fixed assets

Plant and
equipment
Computers Motor vehicles
£
£
£
Cost
At 1 April 2023
8,990
1,772
7,240
Additions
2,214
-
-
At 31 March 2024
11,204
1,772
7,240
Depreciation and impairment
At 1 April 2023
4,350
1,119
7,240
Depreciation charged in the year
3,498
411
-
At 31 March 2024
7,848
1,530
7,240
Carrying amount
At 31 March 2024
3,356
242
-
At 31 March 2023
4,640
653
-
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
38,188
Other debtors
4,532
Prepayments and accrued income
4,537
47,257		 Total
£
18,002
2,214
20,216
12,709
3,909
16,618
3,598
5,293
2023
£
2,500
37,011
1,272
40,783

12 Debtors

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

13
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals		 2024
£
3,471
13,817
3,000
20,288		 2023
£
14,680
-
1,638
16,318

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 April 2022 resources expended 1 April 2023 resources expended 31 March 2024
£ £ £ £ £ £ £ £ £
Aire Catchment Network 78,067 84,500 (40,512) - 122,055 7,500 (62,434) - 67,121
Bingley Sports Ground 20,956 3,668 (6,464) - 18,160 3,668 (5,704) - 16,124
Silsden Wet Meadow and Scrapes - 18,973 (1,109) - 17,864 - (17,864) - -
Friends of Bradford's Becks 16,422 4,042 (12,964) (7,500) - - - - -
Developing the Natural Aire 5,519 162,207 (154,388) (2,433) 10,905 - (1,854) - 9,051
Chellow Dene Wetlands - 20,000 (9) - 19,991 7,050 (13,563) - 13,478
Neighbourly Community Engagement - - - 7,500 7,500 - (5,577) - 1,923
Festival of Bradford Beck - 4,550 - - 4,550 1,950 (6,500) - -
Friends of the Middle Aire - 17,000 (9,148) - 7,852 - (7,852) - -
Aire Resilience Company - 28,000 (13,914) - 14,086 - (35,899) 29,500 7,687
River Aire Care 10,591 54,641 (13,232) - 52,000 74,832 (65,964) 5,353 66,221
River Worth Restoration - 5,000 (5,000) - - 10,000 (10,000) - -
Better Becks - 28,482 (28,482) - - 32,989 (32,933) - 56
Grow Wild - Repot - 500 (500) - - - - - -
Pollution Monitoring 4,996 - (2,502) (2,494) - - - - -
Nature Connections 4,880 - (4,880) - - - - - -
South Pennines Park - 600 (600) - - - - - -
Support and ICT 3,975 - (3,247) (728) - - - - -
North Beck 2,069 - (2,069) - - - - - -
Better Becks Phase 1 - - - - - 8,850 (8,850) - -
Tree Planting - - - - - 42,943 (39,717) - 3,226
Weir Prioritisation - - - - - 10,000 (30,085) 20,085 -
Citizen Science - - - - - 20,000 - - 20,000
Salmon Safari - - - - - 9,600 - - 9,600

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14
Restricted funds
Fixed assets		 -
147,475		 -
-
432,163
(299,020)		 -
(5,655)		 -
274,963		 -
-
229,382
(344,796)		 (Continued)
1,885
1,885
56,823
216,372		 (Continued)
1,885
1,885
56,823
216,372
216,372

Aire Catchment Network has been funded by the Environment Agency and Yorkshire Water to support partnership work towards the enhancement of the Aire Valley as part of their Catchment Based Approach (CaBA), a community-led approach that engages people and groups from across society, to help improve our precious water environments.

Bingley Sports Ground biodiversity improvement has been funded by The Banister Charitable Trust.

Chellow Dene wetlands have been funded by Bradford Metropolitan District Council. The River Trust on behalf of Britvic, and West Yorkshire Combined Authority. Festival of Bradford Beck was funded by Bradford Council.

Volunteer Programme River Aire was funded by Bradford Council, Patagonia, Garfield Weston, Groundworks, Liz and Terry Bramall Foundation and Trees for Climate. Better Becks Phase 1 and 2 were funded by the Environment Agency.

Volunteer Programme River Worth was funded by Keighley Big Local.

Tree Planting was funded by Kirklees Council for Dykelands, Elam Grange and Pottin Lodge.

Weir Prioritisation was funded by Yorkshire Water.

Citizen Science was funded by National Lottery.

Salmon Safari was funded by Swindon Quarry National Environment Fund administered by Yorkshire Dales National Park Authority.

General funds have been transferred to the Weir Prioritisation project to cover the overspend.

A transfer has been made in the year to show the fixed asset net book value of assets previously purchased with restricted funds.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14 Restricted funds

(Continued)

Prior year funding projects:-

Aire Catchment Network, funding from Yorkshire Water, Environment Agency and the Rivers Trust.

Bingley Sports Ground Biodiversity was funded by the Banister Charitable Trust.

Silsden Wet Meadow and Scrapes was funded by People's Postcode Lottery.

Developing the Natural Aire was a partnership work with the Environment Agency. This work was funded by the National Lottery Heritage Fund, the Environment Agency, Yorkshire Water , Craven Council, and other relatively minor sources. A transfer relates to fixed assets purchased.

Chellow Dene Wetland has been funded by the Rivers Trust on behalf of Britvic.

Friends of Bradford's Becks is funds held for Friends of Bradford Becks, now treated as agent funds. The transfer relates to the Neighbourly fund managed by ART. Festival of Bradford beck was funded by Bradford Metropolitan District Council.

Friends of the Middle Aire was funded by Yorkshire Water.

Aire Resilience Company development work was funded by The Rivers Trust. This is development work for the Aire Resilience Company- an innovative green finance initiative to reduce flood risk in Leeds through natural flood management..

Volunteer Programme River Aire Care was funded by Bradford Metropolitan District Council, Patagonia,Garfield Weston and Liz & Terry Bramall Foundation. Volunteer Programme River Worth was funded by Keighley Big Local.

River Worth Restoration was funded by Keighley Towns Fund.

Enforcement undertakings, Persimmons and Timothy Taylor, were donations arising from enforcement undertakings.

Better Becks was funded by the Environment Agency to identify and address issues affecting water quality in the Middle Aire tributaries. Grow Wild - Report was funded by the Royal Botanic Gardens Kew to support youth engagement with nature.

Kickstart funded training, equipment, management bursary and salary for a Kickstart placement.

Kirkstall Community Clean Ups was funded by Leeds City Council.

Pollution Monitoring was funded by Natural England.

Nature Connections was funded by the Defra Green Recovery Challenge Fund to create Baildon Floodable Meadow and Postman's Walk Pocket Park.

Support and ICT was funded by Bradford Metropolitan District Council as part of their Covid recovery support for Voluntary Community Sector (VCS) partners. North Becks clean up was funded by Gannet Foundation.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 April 2023
£
Project provision from enforcement undertakings
-
Operating fund
-
Vehicle provision
-
Support for Senior Management Role
-
-		 Transfers
Balance at
31 March 2024
£
£
150,667
150,667
26,000
26,000
2,118
2,118
20,000
20,000
198,785
198,785		 Transfers
Balance at
31 March 2024
£
£
150,667
150,667
26,000
26,000
2,118
2,118
20,000
20,000
198,785
198,785
198,785

A transfer has been made to the Operating fund in line the reserves policy, which is equal to 3 months support costs.

A transfer has been made from the enforcement undertaking donations for project provision.

A transfer has been made to provide for future vehicle expenditure and support for new senior management role.

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

16 Funds

Balance at
1 April 2022
r
£
Restricted
147,475
Designated
-
General
115,992
263,467
Analysis of net assets between funds
Fund balances at 31 March 2024 are represented by:
Tangible assets
Current assets/(liabilities)		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Balance at
1 April 2023
£
£
£
£
432,163
(299,020)
(5,655)
274,963
-
-
-
-
142,196
(21,242)
5,655
242,601
574,359
(320,262)
-
517,564
Unrestricted
funds
Designated
funds
Restricted
funds
2024
2024
2024
£
£
£
1,713
-
1,885
218,338
26,000
214,487
220,051
26,000
216,372		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2024
£
£
£
£
229,382
(344,796)
56,823
216,372
-
-
198,785
198,785
128,946
(68,673)
(255,608)
47,266
358,328
(413,469)
-
462,423
Total Unrestricted
funds
Restricted
funds
Total
2024
2023
2023
2023
£
£
£
£
3,598
5,293
-
5,293
458,825
237,308
274,963
512,271
462,423
242,601
274,963
517,564		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2024
£
£
£
£
229,382
(344,796)
56,823
216,372
-
-
198,785
198,785
128,946
(68,673)
(255,608)
47,266
358,328
(413,469)
-
462,423
Total Unrestricted
funds
Restricted
funds
Total
2024
2023
2023
2023
£
£
£
£
3,598
5,293
-
5,293
458,825
237,308
274,963
512,271
462,423
242,601
274,963
517,564
462,423
Total
2023
£
5,293
512,271
517,564

17 Analysis of net assets between funds

Docusign Envelope ID: A9F5F9CE-B898-4D39-8AFD-37207FB40C66

THE AIRE RIVERS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024 2023
£ £
Within one year 15,926 -

19 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2024 2023
£ £
Aggregate compensation 50,137 18,944

During the year £388 was paid to Developing Minds in respect of website maintenance and similar services (company number 05053170) (2023 £465). Developing Minds is owned jointly by G Roberts and his wife. Mr Roberts was Chair of the charity during most of the year covered by these accounts. The trustees are satisfied that these services are provided at below market rates and provide no material benefit to G Roberts.