DO¢19n Envelope ID.. c5F439EA-537B4878cs3-sE1302DB8BO7 THE AIRE RIVERS TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company regi$tratlon number 07464227 (England and Walesl Charity registration number 1145609 *AEG78554• 2711112025 COMPANIES HOUSE A14
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Docusign Envelope ID.. C5F43W-537B4870-BC6>5E1302D88B07 THE AIRE RIVERS TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Ms W S Robinson (Chair) Mr D Brazendale Mr K Sunderland Mr M Davis Mr A Fraser Mrs K Jennings Mr G M Roberts Mrs C Broadhead Mr l Andrews Mr T Davies (Appointed September 2025) {Appoinled September 2025) Socrelary Mr G M Robert6 Charity number 1145609 Company number 07464227 Prlnclpal addrnss Bizspace Alblon Mills Albion Road Greengates Bradford BD10 9TQ Registered office Bizspace Albion Mills Alblon Road Greengates Bradford BD10 9TQ Independent examiner Alison 14Vhalley FCA Azets Audit SerVis Ltd Carlton House Grammar School Street Bradford BD14NS 8anker8 Barclays Bank plc 77 North Street Keighley BD213SA Skipton Building Society Bingley 13&135 Main Street Bingley West Yorkshire 8D16 1AJ
Doe19n Envelope ID.. C5F439EA-537PA870-BC63-5E1302D88B07 THE AIRE RIVERS TRUST CONTENTS Page Trustees, report Independent examinefs report Statement of financial activities Balance sheet Notes to the financlal statements 9-23
Oocuslgn Envelope ID.. CsF439EA-537B487Bc65El3o2D88807 THE AIRE RIVERS TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial slatements for the year ended 31 March 2025. The financial staternents have been PrePad in accordaTr with Ihe accounting policies sel out in note 1 to Ihe financial statements and comply with the charity's Igoveming documenll, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh 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'.- To conserve, protect. rehabilltate and improve the rivers, streams, watercourses and water impoundments of the catchments comprising the River Aire and all Iribularies and connected waterways (but excluding the Leeds and Liverpool Canal) and lo facilitate and encourage appropriate access for all to the River Aire and its Iribularies and connected waterways. To advance the eduration of the public, or any association. company, local author, adminislrallve or goverr)menlal agency or public body or representalive body in: a) The Underslandlng of rivers, rlver corridors and catchmenls. including their launa, flor8 and economic or soclal activity. b) The needs for, and benefrts of. conservation. protection, rehabilitation and improvement of water environments. Main Activitie5 The Aire Rivers Trust (ART) believés in connecting people, places and nature. We are one of a neOrk of Rivers Trusts working lo improve our c4tchmenls' health and natural processes. Our vision for the River Aire is: 'It will be a thriving river valued for rts environmental. social and economic benefits, and which is actively appreclated by the community for its diverse ecology and contribution to flood risk management., To work towards this vision, we develop a range of projects that create and sustain improvements in our River. These include community engagement, capital and revenue works and an extensive volunteering programme. The trustees have paid due regard to guidance issued by the CharSty Commission in declding what actlvities Ihe charity should undertake.
Docu51gn Envelope ID.. C5F439EA43784870-BC6&SE1302DB8BOT THE AIRE RIVERS TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and Perfomiance This year the Trust met some unexpected challenges. Two senior staff needed sick leave for a total exceeding five months with attendant disruption lo working practices and roles. More junior staff stepped up lo the plate going above and beyond their job descriptions. Two trustees stepped in to cover much of the workload, bid-writing, managing the website. project managing, attending external meetings, running the office and supporting staff. Staff tumover added to the lest to the capabilities and comrnilrnenl of both the staff and Trustees. With a huge amount of goodwill from the staff team and time from the Chair and Ouf Company Secretary. we continued to deliver our programme of works on time and to budget. The two trustees, commitment amounting to at least 1,570 hours reckoned at £401hour is reflected in the value of donations in kind from trustees. It is a much grander sum than usual or that we Èxpect to appear again. The Chair also volunteered in the Japanese knotweed control programme with a further 32 hours work. This is a credil to all who were Involved and it demonslral8s organisational resilience. Our practical conservalion arrn has been steady, with good retention of the loyal and engagement of new volunteers. Works include footpath restoration which protects habitat and enables access to the river as well as Iree planting and management. A major achievement. with a well-attended celebration evenl. is the upgrade of a waymarked roule along the River Worth which will have benefits for nature connection and regeneration in the town of Keighley.
Docus(qn Envelope ID.. C5F439EA-53787o.BC63-SE13O20B8BO7 THE AIRE RIVERS TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 There have been necessary and demanding developments in our more technical work which our team has risen to. The staff team has executed various in-channel works such as notching small weirs in tributaries and anchoring large woody debris lo create diverse flow patterns and restore natural processes to the River Worth. Ambition to resolve fish passage over obstructions on the main river has been actioned this year.loo. We have assessed over 90 weirs in order to ¢reate a prioritised list for interventions. Surveys, discussions wilh landowners, mapping and optioneering have all taken place this year in preparation for a delailed design stage. We have also completed capital works including the re-meandering of Chellow Dene 8eck and re-naluralisalion of its Ilood plain. These projects and the growth we experienced have led to the Trustees. move to recrurt technical speclalists. Staff turnover has been a major Issue with young people using the experience they have gained with us lo successfully move on in their careers. So much change in a short period of time is problematic bul also something lo be proud of. Turnover has enabled u5 to realise the ambition lo recruit specialists in our field5 of operations. To this end we have now a dedicated Finance Manager.. a Chief Executive with a background in managing Gapilal works and large teams and a new Catchment Cfrordinator who has a background in hydrological engineerlng and community engagement. Our expertise has growing recognition and we have been partners in building the case for the Nalional Nature Reserve in Bradford, conlribuling to the Local Nature Recovery Strate9y for We51 Yorkshire and delivering conference on Biodiversity Nel Gain, attended by over 80 delegates. Yorkshire Water is one of our key Stakeholders and ART has experienced the benefits of its cultural change driven by the Regulators and internal will. ART'S pollution monitoring projects are both supported and welcomed by Yorkshire Water. This has meant technical support In the lorm of a Reporting App for volunteers lo use for 'Outfall Safaris,. Using the app, our trained volunteer force can report outfalls into the watercourses which are polluting. Problem sour5 of pollution have been swiftly acted upon where it has been in Yws scope. It feels very positive and is making a difference to the water courses and their banks. We began life as a pressure group and we increasingly feel that where our regional water company is concerned, that we are an enabler while al the same lime, we have retained our ability lo advocate for the river where there 15 omission or improvement lo be made and for this to be not onty resped8d, but increasingly valued. Our Practical Conservation aclivltles have involved a core of loyal and now experlenced volunteers, joined by newcomers who bring additional skills and energy. The work is varied and includes planting trees, treating Japanese KnOeed and managing other Invasive Non-Native Species, surveying. footpath upgrades and mar)aging wetland vegelation. Our volunteer team is appreciated and ART runs social events through the year lo thank them. We have also run corporate volunteering days at which employees of organisations in our community gel to see and experience what our work entails while enJoying healthy exercise in the outdoors and learning about th8 relationshlp beeen vegelalion, healthy soil and our river. A stressor on staff ha5 been fixed lem contracts. ART has attempted lo reassure staff with such contracts that we wish lo retain them.11 is the reality of our funding model that we have had lo use Unrestricted Reserves lo pay their salaries during funding gaps and while we have had work for them. Planning our pipeline of works is slralegically difficult for 8 smaller organisalion particularfy when projects and contracts are delayed by lenglhy permitting ProsseS or funding obstructions which can mean missin9 important summer low-waler windows. In this financial year we have 5uccessfulty applied for fvnding to support core staffing which ha5 enabled greater financial control and put our new managernenl team in a strong position to begin taking over from trustees Ihe day to day as well as strategic management of the charity. We have made use of Environment Agency Enforcement Undertakings to apply In the spirit of the system and notably have used one successfully as match funding for another grant bid. thus multiplying the benefrt for the river. We see this as an effective use of Ihis type of unrestricted fund. The trustees remain committed to steering the organisation. Two of our more senior truslees have resigned this year and we are CODSCIOUS that we need lo maintain the Board's expertise. We have invited guests to board meetings and have a Small number of well qualified people who aTe keen to give us their time and valuable experience. We are pleased and confident that the new structures now in place will enable the Board's govemance lo be increasingly one of oversight and support to our dynami¢ and enthusiastic staff operations team. In short, the year has been a struggle in many ways bul we are achieving stabilization and preparation for fvture growth while delivering on our Commitments.
Docusign Envelope 10." C5F439E45378487MC634E1302DB8807 THE AIRE RIVERS TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review The income for the year amounted to £476,332 (2024 £358,328) with expenditure being £531,785 (2024 £413,469), leaving a net expenditure for the year of £55,453 (2023 net expenditure £55,141). In summary, the charity seeks to maintain resetwes of Ihr8e months operating costs, £120.000 to provide an internal resource to cover situations such as a sudden increase in expenses, retaining staff during funding gaps. uninsured losses and winding up of the company. A tsrgel fvJure is periodically reviewed and set according to our changing circumstances and Commitments in our very fast changing field. The charity's free reseprfes (general funds less fixed assets) at the end of this year were £266,749. Reserves include funds designated lo foreseeable expenses for example replacement of our company vehicle. It is prudent to relain funds for should we need to for instance cover a salary for a member of staff who is on long term sick. Another contributing factor is that Enforcement Undertakings are Unrestricted donations although ART clearly designates them to projects that are aligned preferably with repairs to the site of the offence or often to off-set the damage as nearby as is feasible. The Irustees feel this amount is in line with the reserves pollcy. Structure, governance and management The charity is a company limited by guarantee and was formed on 8 December 2010. It Is govemed 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 dale of signature of the financial slalemenls were.. Ms W S Robinson (Chair) Mr D Brazendale Mr K Sunderland Mr M Davis MrA Fraser Mrs K Jennings Dr D N Lemer Mr G M Roberts Mr J Whaley Mrs C Broadhead Mr l Andrews Mr T Davies (Reslgned 6 March 2025> (Resigned 26 February 2025) (Appointed September 2025) (Appointed September 2025) The trustees of the charty are also the directors for the purposes of company law and are appointed by th8 members at Ihe AGM. The twstees are appointed for the skills and experience they can give to the charity. Training will be given ff necessary. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contributè £1 in the event of a winding up. The decisions of the charity are made by the Trustees. with the day to day running ol the Charity by the Manager.
Oocu51gn Envelop& ID.. CSF439EA-S37&70-BC65El302DB8BO7 THE AIRE RIVERS TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees. report was approved by the Board of Trustees. Ms W S Robinson (Chair) Trustee 11 November 2025
Oocusign Envelope ID.. C5F439EA-53784870-8C6&5E1302DB8807 THE AIRE RIVERS TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AIRE RIVERS TRUST I report to the trustees or) my examination of the financial slatements of The Aire Rivers Trust (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Iruslees ol the charity (and also ils directors for the purposes of company law) you are responsible for the preparation of the financlal statements In accordance with the requirements of the Companles 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 charty's financial slalements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directlons given by the Charlty Commission under section 145(5)Ib) of the 2011 Act. Independent examinerfs 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 l am qualrfied to undertake the examinatlon because l am a member of ICAEW, which is one of the listed bodies. I have completed my examlnalion. I confirm that no matters have come to my attention in connection with Ihe examination giving me cause lo belleve that in any material respect.. accounting records were not kept in respect of the charity as required by secllon 386 of the 2006 Act., or the financial statements do not accord with those records,- or the financial slatements do not comply with the accounting requirements of section 396 of the 2006 Act olher 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 financial slalements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charilies preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and hav? come across no other matters in connection with the examination to whlch attention should be drawn in this ieport in order to enable a proper understanding of the financial statements lo be reached. eii2ii1a$41401.. Alison Whalley FCA Independent Examiner Azets Audit Services Ltd Cadlon House Grammar School stet Bradford BD14NS Dated.. 11 November 2025
Docu8ign Envelopg ID.. CSF439EA-S37PA87fy8C63-5E13020B8807 THE AIRE RIVERS TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds nds 2025 2025 Total Unrestricted Restricted lunds funds 2024 2024 Total 2025 2024 Notss Income and endowments from: Donations and legacies Charitable aclivrties Investments Other income 56,704 47,923 7,489 6.729 357.487 414.191 47,923 7,489 6,729 86,529 36,159 8,258 229,382 315.911 36.159 6.258 Total Income 118,845 357.487 476.332 128.946 229,382 358.328 enditure on: Charitable activitles 69.052 462,733 531,785 68,673 344,796 413,469 Net incomingl(outgolng) re8ource8 boforè transfers 49,793 (105,248) (55,453) 60.273 (115,414) (55,141) Gross transfers between funds (26,475) 26.475 (56,823) 56,823 N•t Incomellexpendlture) for the yearl Net movement in funds 23.318 (78,771) (55,453) 3,450 (58,591) (55,141) Fund balances at 1 April 2024 246.051 216,372 462,423 242,601 274,963 517,564 Fund balance$ at 31 March 2025 269,369 137.601 406,970 246,051 216,372 462,423 The statemer)t of financial activities includes all gains and losses recognised in the year. All income and expendllure derive from continulnp activi118s. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Oocuslgn Envelope ID.. CsF439EA-53784878cs3-5El3o2DB8BO7 THE AIRE RIVERS TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible as5els 12 2.620 3,598 Current assets Debtors Cash at bank and in hand 13 96,845 342,215 47.257 431,856 439,060 479,113 Creditors.. amounts falling due within one year 14 (34.7101 (20,288) Net current assets 404,350 458,825 Total assets less current Ilabilitles 406.970 462,423 Income fund$ Restricted funds Unrestricted funds Designated funds General unrestricted funds 15 137.601 216,372 16 233,367 36,002 198,785 47.266 269.369 246.051 406,970 462,423 The company is entitled lo the exemptlon from the audit requlrement cont8lned in section 477 of the Companies Act 2006. for the year ended 31 March 2025. The directors acknowledge their responsibilities for Complying with the requirements of the Companies Act 2006 with respect lo accounting records ar the preparation of flnancial slalements. The members have not required the company to obtain an audrt of its financial ststements for the year In queslion in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subjecl to the small companies regime. The financial statements were approved by the Trustees on 11 November 2025 Ms W S Robinson (Chair) Trustee Company registratlon number 07464227
Docuslgn Envelope ID.. C5F439EA_53784870.BC6&5E1302D88B07 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng pollcle8 Charity infomiation The Aire Rivers Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Bizspace. Albion Mills Albion Road, Gieengales, Bradford. BD10 9TQ. 1.1 Accountin9 Convention The financial slalements have been prepared in accordance with the charity's Igoveming documentl, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102°) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommendèd Practice applicable lo charities preparing their accounts in a¢¢ordano 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. Monelary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting pollcles adopted are set out below. 1.2 Going concern At the lime of approving the financial slatemenls, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis ol accounting in preparing ihe financial statements. 1.3 Charitable fund8 Unreslricted funds are available for use at the dIsCtion of the trustees in furtherance of their charitable objective5. Restrlcted funds are subject to specifi¢ conditions by donors as to how they may be used. The purposes and uses of th8 restrided funds are set out In the notes to the financial statements. Designated funds are emounts Ihe Trustees have ringfenced for an agreed purpose. 1.4 Income Income is recognised when the charity is legally enlilled lo il after any performance conditions have been met, the amounts can be measured reliably, and il Is probable that income will be reived. 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 lime of the donation. Legaci8s are recognised on receipt or otherwise rf Ihe charity has been notified of an impending distribution. the amount 15 known, and receipt is expected. If the amount is not known, the legacy is treated as contingent a5sel.
Docuslgn Envelope ID.. CSF439EA-$3787o.Bc6>5Ef3020B8B07 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting poli¢ie$ (Contlnued) 1.5 Expenditure Expenditure is iecognised once Ihere is a legal or constructive obligation to transfer economic benefit to third party, it is probable that a transfer ol economic benefits will be required in settlèment, and the amount of the obligation can be ffleasured 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 direclty 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 beiween 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 fixecl assets are initially measured at cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depreciation is recogni5ed so as to write off the cosl or valuation of assets less their residual values over their Useful lives on the following bases.. Plant and equipment Computers Motor vehicles Straight line 3 years Straight line 3 years Straight line 3 years The gain or loss arising on the disposal of an a55el 15 deterfflined as the dtfference between the sale proceeds and the carrying value of the assel, and is recognised in the statement of financial aclrvilies. 1.7 Impalmient of Ilxed assets At each reporting end date, Ihe 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 eslimaled in order lo dètermine 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 c811 with banks, other short-lerm liquid investment5 with original maturities of Ihree monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instrum•nts The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Inslrumenls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in Ihe charivs balance sheet when the charity becomes paty to the contractual provisions of the instrument. F.inancial assets and liabilities are offset. with the net amounts presented in the finanGial slaternents, when there is a legally enforceable right to Set off the recognised amounts and there Is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. 10-
Docuslgn EnlOpe ID". C5F439_s37B487o_Bc63_5El3o2D88BO7 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) Baslc flnanclal assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including Iransadion costs and are subsequently Carried at amortised cost Using the effective interest method unles5 the arrangement constitutes a financing transaction. where the Iran5adion is measured al 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 Ilabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured at the present value of the future payments discounted at a market ratg of interesl. Financial liabllitles classified as payable within one year are not amortised. Debt instruments are subsequ8ntty carried at amortised cost. using the effective interest rate method, Trade Credltors are obllgations lo 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-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognitlon of financlal Ilabllitles Financial liabilities are derecognised when the charty's contractual obligations expire or are discharged or cancelled. 1.10 Employee benollts 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 lo lerminale the employment of an employee or lo provide lerminatlon benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged a5 an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are qUired lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimale5 and associated assumptions are based on historical experience and Dlher factors that aTe considered to be Televant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling eslimales 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. 11
Docuslgn Envelo ID.. C5F439EA-53784870-BC6&5E1302DB8B07 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donation8 and legacles Unrestricted Restricted funds funds Total Unre5triGted Restricted funds funds Total 2025 2025 2025 2024 2024 2024 Donations arKI gifts Donations enforcement undertakings Listed below Donated goods and services 1,384 3,451 4.835 3,129 3,129 75,000 75.000 229,382 354,036 354,036 229,382 55,320 55.320 8.400 8,400 56,704 357,487 414,191 86,529 229,382 315,911 Grants receivable for core activities Bradford Metropolitan Dislrlcl Council Environmer)l Agency Yorkshire Waler Service Ltd The Rivers Trust Groundworks Swire Charilable Trust Wesl Yorkshire Combined Authority SSCL Environmental Water Research Centre Ltd Keighley Big Local CAF AmericalPatagonia Mark Southam Kirklees Council Nalional Lottery Small Grants Yorkshire Dale5 National Park Authority 53,812 51,977 53,812 51.977 54,000 40,489 $4,000 40.489 90,000 10,000 5.174 30.000 90.000 10,000 5,174 30,000 18,850 5,000 16,131 18,850 5,000 16,131 88,720 5,475 88.720 5,475 184 3,668 184 3,668 5,950 7,650 5,950 7,650 10,648 10.648 7,868 7.868 2,052 2,226 2,052 2,226 42,944 20,000 42.944 20,000 1,000 1,000 9.600 9.600 354,036 354,036 229,382 229.382 12-
Docusign Envelope ID: C5F439EA-537870-BC6SE13O2DB8BO7 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitsble activities Charllable Charltable Income Income 2025 2024 Services provided under contract 47,923 36,159 InvoBtm•nts UnstrICted Unrestricted funds funds 2026 2024 Interest receivable 7,489 6,258 Other Income Unr•8trlcted funds Unre8trlcted funds 2025 2024 Other income 6,729 13-
Docuslgn Envelope ID: c5F439EA-s3784878c63.5El302DB8Bo7 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitsble activities Charitable Charitable Expenditure Expenditure 2025 2024 Staff costs Project costs Materials, resources and consumables Travel Services in kind 217,152 122,582 20,084 5,104 800 174.291 87,950 38,738 3,019 8,400 365,722 312,398 Share of support costs (see note 8) Share of governance costs (see note 8) 160,117 5,946 95,523 5,548 531,785 413,469 Analysis by fund Unrestricted funds Reslricled funds 69,052 462,733 68,673 344,796 531,785 413,469 Seplices in kind include hours worked by one trustees for channel injecting Japanese Knoeed. 14-
Docusign Envelope ID: C5F439EA-537&4870-BC63-5E1302DB8807 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs 2025 Support Governance costs costs 2024 Staff costs Deprecialion Transport and travel Office expenses Rent and rates Insurance Training Professional fees and evalualion Payroll and accountsncy Advertising and publicity Services in kind Sundry 55.000 2,623 118 10,339 23.078 4.745 55,000 2,623 118 10,339 23,078 4,745 62,251 3,909 313 3,607 14,889 3,099 880 62,251 3,909 313 3,607 14,889 3,099 880 3,679 1,602 1,827 54,520 2,586 3,679 1,602 1,827 54.520 2,586 3.305 1,392 468 3,305 1,392 468 1,410 1,410 Independent examination Trustees expenses Trustees meeting costs 3,600 2,076 270 3,600 2,076 270 3,000 1,895 653 3,000 1,895 653 160,117 5.946 166,063 95,523 5,548 101,071 Analysed bebween Charllable activities 160,117 5,946 166,063 95,523 5,548 101,071 Services In kind covers staff absence (sick leave and changes in senior staff personnery induding running the Offi and website, giving talks and attending conferences and bid writing. Governance costs includes payments to the independent examiners of £3,600 {2024- £3.000) for independent examinalion fees. Tru•ts08 None of the trustees (or any persons connected with them) ieceived any remuneration or benefits from the charity during the year. During the year 2 trustees were paid £1,251 for travel expenses and 1 trustee £350 for a laptop (2024 four trustees £1,886, travel expenses and one trustee £344 for a laptop). 10 Employees The average monlhty number of employees during the year was.. 2025 Number 2024 Number 10 15-
Oocusign Envelope ID: C5F439EA-S37B487BCG3El3o2D8BBO7 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees (Continued) Employment costs 2025 2024 Wages and salaries Social security Costs Other pension costs 236,089 25,435 10,628 216,402 14.299 5,841 272,152 236,542 There were no employees whose annu81 remungration was more than £60,000. 11 Taxalion The charity is exempt from tax on income and gains falling within section S05 of the Taxes A¢1 1988 or section 2S2 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects. 12 Tan9lble flx•d a880t• Plant and equlpmant Compul•rn Motor v•hl¢l•• Total Cost Al 1 April 2024 Additions 11,204 1,772 1,645 7,240 20,216 1,645 Al 31 March 2025 11,204 3,417 7,240 21,861 Depreclation and Impairment At 1 April 2024 Depreciation charged in Ihe year 7,849 2,380 1,530 242 7,240 16,619 2,622 At 31 March 2025 10,229 1,772 7,240 19,241 Carrying amount At 31 March 2025 975 1,645 2,620 Al 31 March 2024 3,356 242 3,598 13 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 75.771 10,859 10,215 38,188 4,532 4,537 96,845 47,257 16-
DoeIgn Envelope ID.. C5F439EA437B4871b8C6&5E1302088807 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Creditor8: amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals 18.406 12.236 4.068 3.471 13.817 3,000 34.710 20,288 17-
EDWI• ID c5F4395)7B4870.Bce&sEl302oBe007 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FQR THE YEAR ENDED 31 MARCH 2025 15 RMlrt¢t•d fund• Tho In¢om8 funds of the thailly Indude r88trlcted fijnds comprising the following unexpendod bolan¢8s of donats'oN$ and 9ranls held on trust for $pteifi¢ purposo6'. Movofflent In lund• Mov•m•nl In furtd• 1comIn In¢omkny R•IOur¢•• i••ouic Tr•n•l•rn •thnt• l Apill 2024 Tr•n•¢•v• •XPond•d Alrg Calchm6nl N8twoik BSngley Sports Ground Sllsden VV81 Meadow and Scra8 Volunteer Progiamrne 08vebping the NaluralAiM Chollow Dgne Welland$ Nelghix)urfy ComffjunNy Engaoem8nl Festival of Bradford 8eck F8ndS ef Ihe Middle Aire Alre ResllYdnc8 Cory8ny Riv¢rAirè Care Rlvor Worth R8sIofallon Loadpll 6ed( F15h Pa85ag• Pitiy Bed< Welland5 Northrliffe Dyk• lI8ndS Better Becks Itlzens Science Odlvery FIP Loadpll B8ck Eye5 on the Water TV Swire Fund Better Be&ls Tree Planting VV8if Piiorilisalion Cilllen Saenc8 Salmon Salari Flxed 0$$o1$ 122,055 18,160 17,864 7,5CbJ 3,668 162.4341 15.7041 117.8041 67.121 16.124 32.300 143.8381 16511 144,e081. 15.473 15001 17851 153,6051 11,e421 35,CK)O 35,000 10.WS 19.991 7,50D 4,550 7,852 14,088 52,000 11.8541 113,5831 15,5771. 18.5001 17.8521 135,8991 165,9841 110.fM)01 9,eS1 13,47 1.923 7,050 40,127 281 1,9SO 29,500 5,353 7.687 88.221 10.000 8.070 81.4e2 10.000 31.009 17.583 44.477 3.oc 5.475 5.950 30,QOQ 124,5111 199.8171 162.3581 110.C¥)01 131.0371 117,2901 145.4301 14.3421 14.8521 15.9501 11.6801 6,872 27,538 896 48 12 74,832 10.000 28 32,989 132.9891 48 1,33e 623 15.OfXII 23.320 8.850 42.943 10,000 20.000 9.600 18,8501 139,7171 130,0851 3,228 4,278 55,000 so 13.4171 140,V031 16,47SI 12,e671 11,6851 4,087 18,469 13,575 0,933 20.085 3,472 20.Lh)O 9.600 1.885 1,885 18.
DopJ*gnEnvdDpo ID". CSF4)gEfvJ37B487fyBC8&5E1302DB8BQ7 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 RMtrkt•d fvnd• Icontlnuodl 274,963 229.382 1344,7981 56,823 218,372 357,487 462.733 28.479 137,e01 Alie Catthment Nelwort has been funded by the Envlronment Agency and York8hlr8 Waler 10 5UPPOrt pgrln8rship work towards the enhanc8rn8nt of th8 Air8 Valley a$ part ol Ihelr Calchrnent Based Approach ICaBA), a comrnunity-18d appio8ch Ih81 fngag•$ pooplo ond urgup$ frotn 4¢ro$$ $¢¢i¢ly, to $e¢k coll8boratsve opportunlties Ihat h8lp impiove our pfftclous wai6r environments. Bin9ley Sports Ground biodiv8lsY improvgrn•nt ha$ boon lundod by Th• Banisitr CharK&bl¢ Tru$l. Silsden Wel Meadow and Sryape$ w8$ fundgd by The P¢ople'$ P961-code Lottery with in-kn'nd supporf from Dr M Holloway Con5uItBnt Ecob9i51. Tool¥ for ourVo¢unt8er piogr8mrn8 Wefe funded by TheAired818 Group. a loc buslness. 06velopino tho Naiural Alre Fund¢d tyy lh¢ Nalional H¢ritsgo Lott?ry. Craven Councll, Yoikshlre Water, Envlionmenl Agency and Gafflekl Weston along wllh $8v8ral other smalef donors, Only a 5rnall amount ofmalnl8nanc6 work 1818ft lo do. Ch•llow Done Well8nds hav8 been funded by W&81 Yorkshiie Combined Aulhodty, The RherB TN8t on behalf of Blrtvlc IR8pl8nl8hl and th8 En¥lronm8nl Agency IWEIFI. Nelghbouily Community Eng8gement.. Feslival ol Bradford 8eca8 lor Fiiends 019radlord Becks. Work helng lo develop IheAlre Re8I1ience Company was lunded by The Ri¥ers Tru51 acting as cJ)nir8¢tor$10 L•td$ Cty Couneil. Volunleef Programme on the River Alfe (Rlver Alre Carel was lunded by Bradfold CMDC, Groundworks (New lo Nature). Garfield WeBlon, The Llz and Terry Bramall Foundation and PatagDnl8. Rl¥er Alre C4r8 also indudes Japane88 Knotweed wodi¢alion is for by the Environment Ag¢n¢y Ihr¢ugh Bell¢r Bo¢ks IEnvironm•nt AgfjnGy WEIFI, Fllv•r W¢JTth R8¥Iv[aOn1s a Volunle•r PioBraTnrnF on the Fllvor Worth fvndld by Kelghlay 819 LOCBI {Naonal Lottery), Town& Fund and Enlorcament Undertaklngs. Pitty Bock tIOnal. Red Blck and Northdiff¢ Dyke VVeiiand$ wa$ fundod by We$1 Yorkshlre ComblnedAuthodty and the EnvlionmenlAgency IWEIFI, B•tt•r B•¢k$ PhaM 1 and 2 wère fvnd8d by th• EnVironmèntAgcy Ihrou9h WEIF (Water Environment Improvement Fund) lundlng. 19.
Dj4n En%lupJ10.. C5F439EA.$3TB4e70.Bce&JE1302DBbB07 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 15 R••trlct•d lund• IConllnu•dl Our growlng Cllk•n 5rionce prograrnmo in 8umffl8ry'. crtlzen SrAence'. Salmon safa d8ll¥ery wa$ funded by The Notlonal Lottery, YorfÉshlr8 Dales Nallonal Park, The Blg Gl¥e and TarmaG. Cftlzen Sdonc8.' Outfal Safarts weio funded by The Natlon81 Lott¢ry ond Th8 819 Give. Citizen scien." RiverHy rnonitoring W8& funded by Thv Nollon41 Lottery and The Collop. RQY and their laNao ar6 Sensblw lo chang8¥ In water quBlily and changes In kncal popul81ions Bre eBrfy signa15 Possible pol1uln Incidenls. Lo8dpil Beck 6cologlcal irnprovemenl including welr pas8898 w88 funded by Environment A98ncy IFIP FiBheile& Impyowemenl Programml.. and YorkshSr• V¥al•r SeNce Ltd. Ey88 on the WBIW TV was fijndod by Th• Water Re8eaich Centro and NalurBI England. Core Capaaly Building w8s lunded by the SWIRE Charitable Trustg. Tr80 Planllng at 8rk110 Stle Farm and We8ch8r Cottage was fvnd8d by KIFklee8 Coundl Ihiouth Whil• Rose For881. Welr PrritIslon (Open Alrewoysl was funded by Yorkshire Water SeNIc88 Ltd. Salmon Safart was fund•d by Swlndon Qurry NaiKnèl Environment Fund adrnlnisior•d by Y¢rk$hir• Dalo$ Naiional P#rkAulhority.
Docuslgn Envelope ID.. C5F439EA-537B487fy8C63-5E1302088807 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Deslgnated funds The income funds of the charty include the following deslgnated funds which have been sel aside out of unrestricted fund5 by the trustees for specific purposes.. Transfe Balanc• at 1 Aprll 2024 R8source8 expèndgd Transfers Balance at 31 March 2025 Project provision from enforcement undertakings Operating fund Vehicle provisio Support for Senior Management Role Friends of Silsden Beck 150.667 26.000 2,118 150,667 26,000 2.118 (9,989) 10,734 151,412 26,000 4,955 2,837 20,000 20,000 30,000 1,000 50,000 1,000 198,785 198,785 (9,989) 44,571 233.367 A transfer has been made to the Operating fund in line Ihe reserves policy, which is equal lo 3 months support cosls. A transfer has been made from the enformeTht undertaking donations for project provision. A transfer has been made lo provide for future vehicle expenditure and support for new senior management role. 21
oocLWnECpjIo.. c5F439)37b4U7fy8C0).oE1?O2B89o7 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 17 Fund• Mo¥•m•nl In lund• Ih¢omlng RMourc•• rypurr M¢+v•m•nt In fund• In¢uTrlTr R•BDur¢•• Trnth•fv ene• l Aprfl 202$ l Apill 2VZ4 $1 IA•rGh 2ty2 Reslrlcled 085ignaled G•n8fal 274.983 229.382 1344,7961 5e,e23 198.78$ 168,8731 1255.6081 216,372 19e,78S 47.266 3S7.487 1482,7331 19,9891 159,Q631 28.475 44.571 171.0461 137,601 233,367 38,rpJ2 242,601 128,946 118.845 517.584 358,326 1413.4691 182.423 476.332 1531.7851 408.970 18 Analy•l• of n•t a8••ts b•tsv••n fund• Unrn•trlctsd D••lgn4t•d R•¥trfjct•d fundB lund• 2020 Totsl Unr•otrlct•d R•itrl¢t•d lund• 2024 Tot•1 2020 2026 2026 2024 2024 Fund balances al 31 M8rc* 2025 are f8pr888nted by.. Tanglble a85el¥ Current a55e1511li4b4.111i•$l 2,820 2.820 404.350 1,713 218,338 1.885 214.487 3.598 458.825 268,367 137.601 I,W2 208.307 137.601 4Cfj,970 Z20,051 216,372 482,423 .22-
Docusign Erwelope ID: CSF439EA-s378487BcS3-sE13O2DB6B07 THE AIRE RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Operating lease commitments Al the reporting end date the charity had outstanding commitments for futu minlmum lease payment5 under nOn-¢anlIable operating lease5, which fall due as follows.. 2025 2024 Within one year 15,926 20 Relat•d party tran8actlon8 Rèmuneratlon of kèy management personnel The remuneration of key management personnel is as follows. 2025 2024 Aggregate compensation 84,535 50,137 During the year £375 was paid lo Developing Minds in respect of website maintenance and slmilar services (company number 0505317012024 £3881. Developing Minds is owned jointly by G Roberts and his wife. Mr Roberts is a tTuslee and Company Secretary of the Charity during 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 or his wife. -23-