REGISTERED COMPANY NUMBER: 06742270 IEnBland and Wales)
REGISIERED CHARITY NUMBER: 1145675
REPORT OF THE TRUSTEES AND
FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 315T DECEMBER2023
FOR
AFONYDD CYMRU CYFYNGEDIG
IACOMPANY UMITED BY GUAIiAKtEE)
afonydd cymru
carin9 for welsh rivers
Carston Chartered Accountants
Tudor House
16 Cathedr31 Road
Cardiff
CFII 9U

AFONYDD CYMRU CYFYNGEDIG
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
Page
Report of theTrustees
Independent Examlner'5 Repjrt
Statement of Finanaal Artlvities
Statement of Finanaal Positlon
Notes to the Flnancial Statements
6 tts 11
Detailed Statement of Financral Artb41tles
12

REPORTI%THE TRIISTEES
FOftTHE YEAft ENDED Iisr DECEMOER202a
The trustees who afe also dtrectors of the tharlty ftx the purp05e5 of the Cowonies Att 2(￿, present thelr report
with the financial ststsments of the tharity for the year ended 31st December 2023. The trustees have adopted the
provi90n5 of Accountin8 and Reportin8 by Chariiies.. Statement of Recommended Prnctitt applicable to charlties
Pfeparing their accounts In accordance with the Finanual Repryting Standard applbtable in the UK and Republic of
Ireland IFRS 1021 leffectbve ljanuary 20191.
FINANaAL REVIEW
Gokne contern
The trustee5 consider that there are no material uncwtainties a1￿ut the chaTitV5 ability to continue 35 a going
concern, nor any 5ignifficant areas of uncertainty that affert the carying value t4assets held bythe tharlty.
STRiicfvRE,GOVERNAKE AND MANAGEMepir
Go¥emlng document
The charity bs controlled by g¢mrrting document. a dÈÈd of trus¢ and constitutes a limited c¢)mpany. Itmited by
guardntee. as deflned by the Companies Art 2C(6.
REFEREIICE AND ADMINISTrATIVE KTAILS
ReOstefed Company numl)er
[￿742270 (England and Wales)
￿e￿Stered Ch*lty number
1145675
Iwlstered offlc•
The Right Bank Thè Square
Talgarth
Breton
LD30BW
Trustees
Ms H ￿viS
MrSCAE¥ans
Mr C Harvey
The Vlscount C Mills
Dr R Parry Iresigned yIoi2023}
Mr J Plmblett
Mr P Powdl
Mr A Rees
Independent Emmlner
Carston Chartered Accountants
Tudor House
16 Cathedral Roatl
Cardiff
CFII 9U
Approved by orderof the board of trustees W ..
and signed on its behalf by..
The Vis
nt C Mills- Trustee
Pa8e I

INDEPENDEMf EXAMINER'5 REPORT TO THE TRUSTEES OF
AFONYDD CYMRU CYFYNGEDIG
Independent exarniner'5 report to the trustee5 of Afonydd Cyrnru CYfyng￿i8 fihe CompanVI
I report to the charity tfU5tees on my exaTninalion of the accounrs of the Company for the year ended
31st December 2023.
Responsibilities and basis of report
As the charity'5 trustees of the Company land also its directors for the purpjses ol company lawl you are responsible
lor the preparation oFthe accounts in accordance with the requirements olthe CompaniesAa 2¢YJ61'the 2006 Act'l.
Having satisfied myself that the acctsunts of the CoM￿nY are not required to be audited under Part 16 of the 2006
Act and are eligible For independent examin3tion. I report in respect of my examination of your charity's accounts 3S
carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Act'l. In caTTwng out my examination I have
Idlowed the Directions Eiven by the Charity Commissi¢Jn under Section 145ISI Ibl of the 2011 At
Independent exarninees Statement
Since your charity's gross incorlle exceeded £250.(KKI your exarniner must ￿ a member of a listed body. I can confirm
that l am Qualified to undertake the e¥amiThation because l arn a rnember of the Association of Chartered Certified
Accountants. which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my aitention in connettion with the
examination 8iwn8 me cause to believe:
accounting records were not kept in respert of the Companyas required bysertion 386 01 the 2006 Act.. tsr
the accounts do not accord with those record5- or
the accounts do not compty ￿th the accounting requirements of Section 396 of the 20C6 Act other than any
requirement that the èccount5 give a true and fair view which ￿ not a matter considered as part ol an
independent examination- or
the accounrs have not been prepared in accordance wtth the and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charilie5 preparing their
accounts in accordance with the Financial Reporting Standard applscable in the UK and Republic of Ireland IFRS
10211.
I have no concerns and have come across no other matters in connedion with the examination to which attention
should be drawn in thi5 report in order to enable a proper understanding ofthe accounls to be reached.
Huw Carter F
The Association of Chartered Certified Accountants
Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CFII 9LJ
Date..
Page 2

AFONYDD CYMRU CYFYNGEDIG
STATEME1￿ OF FINANCIALAcnvrnES
FOR THE YEAR ENDED 315T DECEMBER 2013
20Z3
Total
fvnds
2022
Totsl
funds
Unrestricted
fund
Restricted
lund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
101.288
139.296
240.584
88.054
Investment income
Other income
1.193
1,193
17,5
158
13,500
17.SLThJ
Total
118.788
140.489
259.277
101.712
EXPENDITURE QN
Charltable aCtI￿tIeS
General
80.249
127,774
208,023
95,559
NETINCOME
38,539
11715
51.254
6,153
RECONCILIATION OF FUNDS
Total funds brought forward
57.979
113595
171.574
16S,421
TOTAL FUNDS CARRIED FORWARD
96.518
126.310
222,828
171.574
The noies form part of these financial staiements
Page 3

AFONYDD CYMRU CYFYNGEDIG
STATEMETrN OF FINANCIAL posmoN
31ST DECEMBER 2023
2023
2022
Notes
FIXED ASS￿5
Tangible assets
276
414
CURRENT ASSETS
Debtors
Cash ai bank
28.978
196.977
36,924
153,947
225.955
190.871
CREDITORS
Amounts falling due within one year
io
13.403)
119.7111
NETCURRENT ASSETS
222.552
171,160
TOTAL ASS￿5 LESS CURRENT LIABILITIES
221.8Z8
171.574
NET ASSET5
222.828
171,574
FUND5
Unrestritted lunds
Restricted funds
12
96,518
126,310
57,979
113,595
TOTAL FUNDS
I22￿28
171,574
The charitable company is entitled io exemption from audit under Section 477 of the C(mpanies Act 2006 for the year
ended 31st December 2023.
The members have not rèquired the company to obtain an audit of its finanoal statements for the yeaT ended
31s1 December 2023 in accordance with Settion 476 of the Companies Act 2￿.
The Irustees acknowledge their responsibilities for
ensuring that the charitable company keeps accounting records that ccffl￿Y with Sertions 386 and 387 01 the
Companies Att 21X)6 and
preparing financial statements which give a true and Fair view of thestate c*f affairs of the charitable companv
as at the end of each liriancial year and of its surplus or deficit for each financial year IA aicordènce with the
reouirements of Sections 394 and 395 and which otherwise comply with the requirernents of the Companies
Art 2006 relating to financial 5tatetnent5. 50 fara5 applicable to the charitable companv.
The notes form part of ihe5e financial statement5
Page 4
continued...

AFOPIYI>D CYMRV CYFYNGEDIG
31ST DECEM8ER 21Y23
These financial statements have been prepared in accordance with the P￿151r￿S applicable to chadtsble companies
subject to the small companie5 reg￿ne.
The financial ststements were approved by the Board of Trwtees and authorised for issue on
- and wefe ygned on its behalf by..
The Wjsc
Mi115- Trustee
The notes forn p* of these finanaal statemwts

AFONYDD CYMRU CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
AGENCY INCOMÉ AND EXPENDITURE
Funds received during the year and distributed to connetted parties under an agency agreement are not
treated as income and expenditure of the entity and are not. therefore. pre5enled in the financial stateTTRnt5
of the enrsty.
ACCOUNTING POUCIES
Basis of preparing the financial ststements
The financial statements of the charitable company. which is a publ￿ benefit entity under FRS 102. have been
prepared in accordance wilh the Charities SORP IFRS 1021 'Accountyng and Reporting by Charitie5.' Statemenr
of Recommended Practice ap￿icable tts charities p￿parin2 their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffetti¥e l January 20191,. Financial
Reporting Standard 102'The Financial Reptsrting Standard applicable in the UK ènd Republic of Ireland, and the
Companies Act 2LK)6. The financial staiements have been prepared under the historical cost convention.
I￿OMe
All incorne is recognised in the Statement of Financial Artivities once the charity h35 entitlement to the fund5,
it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are ￿cogniSed as expenditure as soon as there is a le8al or tonstructive obltgation committing the
charity to that expendirure, it is probable that a transfer of economic benefits will be iequired in settlement
and the amount of the obligation can be measured reliabty. Expend￿lUre is accounted for on an accruals basis
and has been classified undèr headings that aggregate all cost re13ted to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to artivities on a basis consistent vmth the
use of resources.
Tanglble fixed assets
Oepreciation 15 provided at the following annual rates in order to ￿lte off each asset over its e5tirnated useful
Plant and machinery
25% straight line on cost
Taxation
The charily ￿ exempt frorn corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable obRrtNes at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restriction5 arise when specified by the doNor or when funds are rased lor particular restricted purposes.
Further explanation of the nature and purpose of eactrt fund is iocluded in the notes to the financial
Statements.
Page 6
continued...

AFONYDD CYMRU CYFYNGEDEG
NOTES TO THE FINANCIAL STATEMENTS-continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
INVESTMENT INCOME
2023
2022
Deposit èccount interest
1.193
158
NET INCOMEIIEXPENDtWRE}
Net income/lexpenditurel is stated after chargin¥Jlcreditingl=
2023
2022
Depreciation- owned assets
138
TRUSTEES. REMUNERATION AND BENEFtrs
There were no trustees. remuneration or other benefits lor the year thded 31st December 2023 nor for the
ve3r ended 31st December 2022.
Trustees, expenses
There were no tru5tee5' expenses paid for the year ended 315t December 2023 nor for the year ended
31st December 2022.
STAFF COSTS
The average monthly number of employee5 duiing the year was a5 follLyws=
2023
2022
General
No employees received ernoluments in exce55 of £60.(￿.
COMPARATIVES FOR THE STATEMENT OF FINANCIALAcnvmES
Unre5tritted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Oonation5 and legacies
47,214
40.840
88.054
Investment income
Other income
158
158
13,500
13.5(Kl
Total
.714
40.998
101,712
EXPENDITURE ON
Charrtable activitles
General
55.363
40,196
95.559
NET INCOME
5,351
6,153
Page 7
continued...

AFONYDD CYMRU CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR ThE YEAR ENDED 31ST DECEMBEP 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVrnES- •Jntinued
Unrestricted
fvnd
Restricted
fund
Total
fund5
RECONCILIATION OF FUNDS
Totsl funds brtsught forward
52.628
112.793
165,421
TOTAL FUNDS CARRIED FORWARD
57.979
113.595
171,574
TANGIBLE FIXED ASSETS
Plant and
machinery
COST
At 1st January 2023 and
31st December 2023
17,017
DEPRECIATION
At 1st January 2023
Charge lor year
16,gJ3
138
At 31st December 2023
16.741
NET BOOK VALUE
At 315t December 2023
276
At 31st December 2022
414
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Prepayrnent5 and accrued income
28.978
36,924
Page 8
continued...

AFONYDD CYMRIJ CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENDED 31ST DECEM8EA 2023
io.
CREDITORS: AMOUNTS FALLING DUE wrtHIN ONE YEAR
2023
2022
Trade creditors
other treditors
Accruals and deferred income
171
832
Z,4CK)
613
1,008
18.090
19.711
ii.
ANALYSIS OF NET ASSETS BEtWEEN FUNDS
2023
Total
funds
2022
Total
funds
Unrestricted
fund
Restricted
fund
Fixed assets
Current assets
Current liabilities
276
126,866
18321
276
225,955
13,4031
414
190,871
19.7111
99.089
12.5711
96￿
126310
222,828
171.574
12.
MOVEMENT IN FUNDS
Nei
movement
in funds
At
3V12123
At 111123
UnrestrKted funds
General fund
57.979
38.539
96,518
Restrided fvnds
General fund restritted
113,595
12.715
126310
TOTAL FVNOS
171.574
51,254
222.828
Net mo¥ement in funds. included in the above are as follows..
Incomi
Resources
expended
Movement
in funds
resources
Unrestricted funds
General fund
118.788
180.2491
38.539
Restrirted funds
General fund - restrirted
140A89
{127,7741
IZ.715
TOTALFUNDS
259277
1208.0231
51,254
PaEe 9
continued...

AFONYDD CYMRU CYFYNGEDIG
NOTES TOTHE FINANCIAL STATEMENTS-continuEd
FOR THE YEAR ENDED 31ST DECEMBER 2023
12.
MOVEMENT IN FUNDS- contlnued
Comparathves for mo¥ement In funds
Net
movement
in funds
At
31112122
At 111122
Unrestiicted funds
General fund
52,628
5,351
57.979
Restrlcted funds
General fund- restricted
112.793
113.595
TOTAL FUNDS
165.421
6.153
171,574
Comparative nei movemellt in funds. induded in the above are as fdlows:
IncotninE
re5rNJrce5
Resources
expended
Movement
in funds
ijnrestiicted funds
General fund
60,714
155,363
5.351
Restrlcted funds
General fund restritted
40,998
140.1961
802
TOTAL FUND5
101,712
195.5591
6,153
A current year 12 months and prior year 12 months combined p05itK)n is as follows..
Net
movement
in funds
At
31112123
At 111122
Unrestrirted fvnds
General fvnd
52.628
43.890
96,518
Restricted funds
General fund- restrirted
112,793
13.517
126,310
TOTAL FUNDS
165.421
57.407
222,828
Page 10
tontinued...

AFONYDD CYMRU CYFYNGEDIG
NOTES TO THE FINANCIAL 5TATEMENTS-continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
12.
MOVEMEMfiN FUNDS- contynued
A current year 12 rnonths and prior year 12 monihs cornb¥ned net ￿￿@ment in funds, included in the above
ère as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
179.502
1135.6121
43,890
Restrl¢ted funds
General fund restricted
181,487
1167.9701
13,517
TOTAL FUNDS
360.989
1303,5821
57.407
13.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2023.
Page 11

AFONYDD CYMRU CYFYNGEDIG
DETAILED STATEMENT OF FINANCIAL AcnvmES
FOR THE YEAR ENDED 31ST DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
funds
Restricted
lund5
INCOME AND ENDOWMENTS
Donation5 and iegacles
Donations
Grants
287
ioi,fA)i
287
2410,297
1,182
86,872
139,Z96
101288
139,296
240,584
88,OS4
Investment income
Deposit account interest
L193
1.193
158
Other in¢oMe
Other income
17.500
17.500
13,500
Totsl incoming resources
118.788
140.489
259.277
101.712
EXPENDrruRE
Support costs
Finance
Insurance
Plant and machinery
1,049
I￿9
138
1,677
138
1.049
1.187
1,815
Human re50ur(e5
Wages
62,80S
125.290
81.648
Govemance costs
General costs
Accountancy and legal fees
Bank charges
li,U8
5.147
65.151
76.339
5,147
8.554
3,481
61
16,395
65,151
81,546
12,096
Total resources expended
80.249
127.774
208,OZ3
95,559
Net income
38.539
12,715
51254
6,153
This page does not fomi part of ihe statutory financialstatements
Page 12

Company registration number.. 06742270
Charity registralion number= 1145675
Afonydd Cymru Cyfyngedig
IA company limited by guarantee)
Annual Report and Financial Statements
for the year ended 31 December2023
afonydd cymru
caring for welsh rivers

Afonydd Cymru Cyfyngedig
Table of Contents
Reference and Administrative Detail..-...............................................-...............
Tru51ee Report........................................................................................................................................
Statement of Trustee, Responsibil¥ty....................................................................................................

Afonydd Cymru Cyfynsedig
Reference and Administrative Oetails
Trustees
Viscount Chris Mills, Chair
Mr Peter Powell
Mr joe Pimblett
Ms Harriet Alvis
MrTony Rees
Mr Creighton HaNey
Mr5imon Evans
Reglstered Office
The Right Bank
The Square
Talgarth
Brecon
LD3 OBW
Company Re8iStration Number 06742270
Charity Registration Number 1145675
Accountant
Carsion Accountants

Afonydd Cymru Cyfyngedig
Trustees, Report
Afonydd Cymru continues to represent the six regional Tfvsts with Welsh Governmenl and with
Wales's statutory environmental body, Natural Resource5 Wales INRWI. These Trusts, who are all
reg￿tered charities, are as follow5.'
North Wales Rwers Trust
The Welsh Dee Trust
The Severn Rwers Trust
The Wye and Usk Foundation
South East Wale5 Rivers Trust
West Wales RNers Tnjst
Our vision and objectives
Our vision is for clean and healthy rNers for every community in wa￿S. by working towards the
following objectives..
l. Contribute towards the overall improvement of river water quality
2. Create an expanded and more effective Afonydd Cymru and River5 Trust movement in Wales,
with a long-term. sustainable funding base
3. Advocate to eliminate the current high levels of pollution
4. Influence and challenge relevant legislation. policy and praciKe to protect and enhance
Wales's freshwater environments
5. Generate greater public awarethess of rivers and the WO￿ of the RNers Trust movement in
Wales
In June 2024, the Board confirmed that we would continue with these objectives aBain5t our strategy
during 2024125.
21Page

Advocacy
Over the past year. Afony(kl Cymru has significantly increased its TO￿ in advotacy across all area5 of
riverwater quality and management of rNercatchments. This include5 representation at the following
Welsh Government IWGI or Natural Resources Wales INRWI fora-
The Wales Land Management Forum IWLMFI
WLMF Alternative Measures Group
The Wales Water Management Forum
The Wales Fisheries Forum
The Independent Environmentsl Advisory Panel for D1*4r Cyrnru Welsh Water IDCWWI
Wales Environment Link
WG Task and Finish Groups- Nutrient trading
NRW Access Forum
In(leperhdent Challenge Group
Welsh Government Taskforce for Better River Water Quaif(v ITechnical Advisor)
Afonydd Cymru continues to advocate through these fora for the improvement of Welsh rivers and
their associated biodiversity.
Activities
Afonydd Cymru is a small charity of 2.8FTE. We are also supported by two independent trustees.
During 2023, due to Tesignation. we replaced our project manager. Robin Parry, also sttsod down a5 a
trustee for Afonydd Cymw in parallel with stepping down as Chair ol North Wales Rivers Trust.

Funding Secured during 2023
Restrirted
Projert
Funder
Strategic Allocation funding- Fisheries Restoration
WG via NRW.
Nature Networks Fund proposal to reconnect the salmon rivers of Wales
with Swansea University
Gravel Augmentation
HLF vi3 Swansea Uni
APEM
Development of Carl)on and Tree Planting for Wales
Afon Clwyd- Feasibility for Nutrient Removing Wetlands
Afon Terfi
Support to WWRT on the Feasibility of Nutrient Removing
Fishmongers Company
DCWW
WWRT
Wetlands
Supply Chain Mapping for Pembrokeshire- Support to WWRT
Support to the West Wales Nutrient Management Boards in the
development of governance and Nutrient Management Plan development
WWRT
Carmarthenshire CC
During 2022. Afonydd Cymru agreed a change in arrangemenl with NRW such that all river restoration
fundin8 historically managed by us and discharged to the regional rivers trusts will now go directly to
those trusts. This includes funding for Alternative Mitigation. Afonydd Cymru has retained a focussed
role to maintain the All-wales restoration database and mapping of restoration activily for NR W for
fisheries restoration. During 2022, we also undertook a review oftheAII-Wales database against WFD
data held by NRW and identified significant differences in data which we have reported to NRW. We
also supported NRW in development of a river restoration portal.
We provided minor support to Swansea Unwersity in delivery ofthe Nature Networks Fund for river
restoration activity by West Wales RNers Trust and the Wye and Usk Foundation on barrier removal
on the River Usk an(J Afan.
We completed a contract for APEM for delwery of gravel augmentation downstream of three
re5eivoir5'. Pontsticill. Llwynon and Talybont with South East Rivers Trust and the Wye and Usk
Foundation. This project successfully returned spawning gravels downstream of these three
reservoirs as mitigation for the impact of the Welsh Water dams on the three rivers.

We are very grateful to Fishmongers Company for financial sUPIKlrt for tree planting in Wale5. We
continued to advocate for better policy in Wales to deliver the right tree in the right place arhd we
have been working hard on advocacy to ensure appropriate tree ￿antIng regimes are part of the
Sustainable Faiming Scheme, working with Woodland Tmst Cymru. WeLsh Government and NRW on
riparian corridor planting proposals. This work will continue into 2024 and we are current
developing proposals for the optional layer of SFS.
During 2023, we have corhtinued to try and move fonward mitigation for nutrient impact to rivers in
Wales. In particular, we have supported West Wales NMB in development of theirwork on the rNers
Tywi, Teifi and Cleddau. We have also worked on supporting the feasibilty of wetlands as a treatment
solution for nutrients. Whilst this work can continue directfy with WeLgh Water, it is prevented in
other areas by NRW policy therefore for the tim&bein8 these opportunities have now ceased.
Unrestrirted
We were very grateful forvital core grant funding from Esmee Fawbaim, which is for a period of th￿e
vears until March 2025. This funding has continued to support Afonydd Cymru to:
Maintain a core staff of 2.8FTE within Afonydd Cymru. to drtve advocacy and communications,
whilst also supporting the rivers trnsts of Wales on rNer restoration.
Further diversification of our funding base..
We continue to provide knowledge share hubs wtth our regKJnal rivers tnjsts, enabling them
to develop and expand their actNilies. During 2023. we have supported the trusts on specific
health and safety training and GIS training, delivered our first Rivers Trust Conference and
continue to develop their knowledge across poliry and guidance impacting riverwater qualbty
In Wales.
In 2023. with Professor Peter Hammond, we challenged Welsh Water and NRW over concerns
on the failure of waslewater treatment works to meet permit condtiions in Wales. His work
was invaluable to us in presenting a case for Changes to planning guidance in Wales. which
was successfully adopted by NRW. Th￿ prevents new development being allowed on non-
tompliant work5 in Wales and prevent5 further impact from nutrient loading.
In partnership with Fish Legal, we have also challenged WG on the full rytle of anaerobic
digestion in Wales, including permittin& planning and regulation and we are pleased to
confim that this challenge was acceptetl. This included an extensive and lengthy media
campaign on our concerns with AD. WG is currentty undertaking a full review of AD processes
in Wales and we hope that this will lead to gre3ter conlrols to what is a significant pollution
source to our rivers.

Financial Summary
In the calendar year 2023, Afonydd Cymnj secured a total funding of £ xxxx, We have agreed a new
Reserves Policy in 2023 which ensures that a minimum six-month operating fund is maintained.
Structure. ¥oveTnance and mana8ement
The Trust is a registered charity and company limited by guarantee, governed by its Articles of
Association, which We￿ uKKlated in 2015 to align with the Companie5 Act 2006. Subjert to the Articles
of Associ8twJn. membership is open to any indNidual or organisatN)n.
Recruitment and appointment of Trustees
The governing body of the Trust is the Board of Trustees. whid) currently comprises 2 independent
trustees and a repre5entatNe of each rivers trust.
This annual report has been approved by the Trustees of Afonydd Cymru and signed on its behaff by:
Viscount Mills
Chair

Afonydd Cymru Cyfyngedig
Statement of Trustees, Responsibilities
The Trustees (who a￿ also the directors of Afonydd Cymru CyfyrEedig for ihe purpose5 of company
lawl are responsible for preparing the Trustees, Rew)rt and the Financial Statements in accordance
with the United Kin8dom Accounting Standards (United Kingdom Generally Accepted Accountancy
Practicel and applicable law and regulations.
Cornpany Law requires the Trustees to prepare financial staternents for each financial year. Under
company law the Trustees must not approve the finanaal statements unless they are satisfied that
they gDie a true and fair view of the state of affairs of the charitable cornpany and of its incoming
resources and application of resources. including its income and expendtture, for that period. In
preparing these financial statements the Trustee5 are required to..
Select suitable accounting policies and app￿ them consistently
ObseNe the meihods and prinaples in the Chartties SORP
Make judgements end estimate5 that are reasonable and prudent
State whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financral statements
Prepare the financial statements on the going concern basis unless it 15 inappropriate to
presume that the charitable company will continue in business
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable companrfs transactions and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financial Statements
comply with the Companies Act 2(#)6. They are atso responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the preVent￿n and detection of fraud
and other irregularities.
Approved by the Trustees of the chartty Idate= 26106120231 and SEned on its behalf by-
Peter Powell, Treasurer