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2024-03-31-accounts

Trustees Annual Report & Financial Statements for the Year Ended 31[st] March 2024

Registered Charity Number: 1145724

Company Number: 06339974

1. Legal & Administrative Information

Trust Director /Chairman Anthony Rees MBE Trust Secretary Dennis Baynham Correspondence Address 13 Alexandra Avenue Merthyr Tydfil Mid Glam CF47 9AE Bankers Natwest Barry Town Hall Branch 117 Holton Road Barry Vale of Glam CF63 4TD Accountants BPU Chartered Accountants, Radnor House, Greenwood Close, Cardiff Gate Business Park, CF23 8AA Stand Alone Shop Registered Office Unit 22 Taff Falls Road, Treforest Industrial Estate Pontypridd, CF37 5TT

The Annual Report of the Southeast Wales Rivers Trust and the Financial Statements have been prepared in accordance with the requirements of the ‘Statement of Recommended Practice’, and ‘Accounting and Reporting by Charities’ (revised 2005).

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2. Structure, Governance & Management

3. Governing Documents

The Southeast Wales Trust is governed by its Memorandum and Articles of Association as incorporated under the Companies Act 1985 on the 18[th] February 2003.

4. Trustees

The Trustees for the year 2023-2024 were as follows:

Anthony Rees MBE Chairman Dennis Baynham Secretary Jonathan Mead Jonathan Davidson Taylor James Gregory Professor Bob Williams Richard Garner Williams. Gareth Harvey Andy Schofield who was appointed as CEO on a two days per week contract for six months was offered and agreed to extend his contract. Andy has a wideranging knowledge of Fisheries and rivers in the trust area having previously worked for National River Authority and EA Wales and NRW. His appointment now runs until August 2024

The Trust is a member of Afonydd Cymru, the overarching Rivers Trust body for Wales, and our chairman and CEO sits on the board. We can draw on the expertise and resources of Afonydd Cymru when required. The following people from Afonydd Cymru supported the Trust in 2023 / 2024, and we are very grateful for their continuing help:

Viscount Christopher Mills Chairman Gail Davies CEO Grace Evans Project Manger Simon Evans CEO of Wye Usk Foundation Sian Gray Head of Finance Wye Usk Foundation Seth Jonson-Marshall Media

The Board of Angling Cymru consists of the Chairman or CEO from each Trust in Wales under the guidance of Viscount Mills Chairman. CEO is Gail Walsh Davies. Gail was previously Environment Manger with Dwr Cymru Welsh Water. Gail is employed full time. She continues in her role as CEO of Afonydd Cymru and is extremely proactive in bring forward the Trusts in Wales to the public eye. Seth Jonson Marshall. Seth carries out the media duties and works for \AC with input for the other Trusts

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5. Organisation

Board of Trustees

Projects Group

Project Director, Chairman, CEO, members of staff

Operations Group

Chairman/Director, CEO are responsible for the management of the projects and:

The current number of Trustees and volunteers does not allow us to have many Committees or sub committees. Therefore, two groups above have been established who report directly to the board of Trustees.

The Project Group is still focused primarily on river improvement projects, governance, and staffing. Plans and progress are discussed at the Board of Trustees meetings every three months, and each group leader presents an update. During 2023-24 meetings were mostly remote and mainly our work was carried out by E: mail and response. We were able to work in 23 -24 as normal on projects with the lifting of the pandemic.

6. Key People

The Trust benefits from having a small group of experienced volunteers willing to provide their skills as needed. Environment and Habitats, projects.

Finance: Helen Adams: Bookkeeper

Our Staff: Andy Schofield CEO, Project officers Paul Kent and Alyssia Thomas, Gareth Edge. Oliver Wicks. During the year we also had a student Thomas Hughes from Cardiff University working on work experience.

We work closely with Natural Resources Wales. We share information and successes among the Welsh trusts as well as those projects that have proved more challenging.

Education and Community Links: (Tony Rees, CEO Andy Schofield and Gareth Edge our project officer, Gareth is the main contact and runs the River Cynon Project. This project finished on the 31[st of] March 2024. A new project will start on 1[st] April 2024.

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We also use the services of Merthyr Tydfil Borough Council Biodiversity staff. As well as other council staff in the areas covered by the trust. Work by all the above has returned to normal since covid restriction were lifted

Communications and publicity: have been dealt with by the Chairman in 2023-2024.

Objectives

The objectives of the organization are: -

7. Goals in 2023/24

  1. We continued to develop the Trust and look for funding opportunities whenever they arise as well as new opportunities to improve the way the trust works.

  2. Develop fundraising capacity within the Trust.

  3. We were able to Maintain involvement with community partnerships and local and national bodies.

  4. Further develop policies, procedures, and operating practices as a priority.

  5. Maintain active involvement with Afonydd Cymru and the other Rivers Trusts working in partnership wherever possible.

  6. Work closely with Natural Resources Wales to carry out work on the Taff Mitigation Project. As well as their Strategic Allocation Fund. This was achieved and SAF 4 has now been allocated.

  7. Continued our work on the river Thaw. we have funding that enabled us carry out habitat improvements on a large scale and this has given us greater involvement with local landowners. Work with the local wildlife trust on the introduction of Water Vole an endangered species has continued.

  8. Work with local communities including schools to inform them of the importance of the rivers that run through their locality.

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  1. Work on the new funding from Welsh Assembly Government through Natural Resources Wales.

  2. Progress with the funding from Heritage Lottery bid for and achieved by our CEO Andy

Performance in Delivering Goals.

  1. The River Cynon Project continued in 2023. The funders were pleased with progress. They have agreed to extend the project for another year to 2024 include the river Rhondda. To do this they have given us extra funding to carry out a feasibility study. This has further progressed in 23-24 with some substantial work being carried out.

  2. During the Year we continued to work with Natural Resources Wales and Welsh Government on the Strategic Fisheries Fund. SEWRT benefited from this, enabling us to work right across the Trust area. However other rivers now come under the Trust that will benefit. SEWRT presented a case on the work we would be able to carry out to secure this funding.

  3. To employ a project officer for our Lottery Project. This was achieved and the project is currently meeting all its goals. It finishes on the 31[st of] March 2025.

  4. Active involvement with Afonydd Cymru resulted in promising prospects for 2023-24 and beyond.

  5. It has been recognised by Welsh Government that we have an environmental decline in species numbers. They set up a nature fund with National lottery. Our CEO bid into this and was successful in obtaining the funding for a two-year project along the SSSI site that on the banks of the river Ely.

8. Plans for 2024/25

Our focus for the coming financial year will be to continually look for more funding and projects. Funding is confirmed for the Taff Mitigation Project. We will start the project on the River Rhondda that runs for three years. Our CEO is looking for more funding to progress the lottery project to extend the work on the River Ely and Working with Afonydd Cymru and others we will endeavour to access more funding to carry out our environmental remit.

10 Financial Management

Financial Policy

In accordance with the Memorandum of Association, the Trustees retain overall responsibility for the implementation of financial policy in furtherance of the objects of the Trust. They delegate powers for day-to-day running of the Trust to the Projects and Operations Groups. The continual use of HRA Accounting based in Barry South Glam to manage our bookkeeping side has enabled us to closely monitor all our funding. We also work to the financial procedures policy that the Trust has.

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11.Reserves Policy

It is the aim of the Trustees to maintain a level of reserves sufficient to be able to cover staff redundancy should this be necessary. The Trust will also try to maintain a level in reserve to cover one year’s core costs. The Trust works on the principle of carrying out environment work as a third party. This funding comes from various sources and full cost recovery is built into any work we receive funding for. A management fee is allowed, and this is used for our core funding. Working like this minimising the potential liability of the Trust. The Trust contributes to these projects with volunteer time. Where possible the Trust looks for extra funding.

12.Risk Management

As a small charity, the Trust is managed by a close-knit group of highly committed and professional individuals with the benefit of expertise and advice from Afonydd Cymru and the River Trust. Public Liability & Personal Accident and Trustees Indemnity insurance cover are in place. Careful risk management of projects undertaken in partnership with other agencies ensures that all projects have an agreed cost ceiling and on completion of each project no contractors are paid until money is received from the project partners. We do not engage any contractors or sign up to any work being carried out for us until the funding is assured. The use of HRA accounting has allowed us, with a new IT management programme to keep even closer cost control.

13.Principal funding sources

To date these have been from Natural Resources Wales, Welsh Water, Merthyr Tydfil County Borough Council, Welsh Government with European Funds, Lottery funding. Some funding is ring-fenced, as it has been given for specific purposes. This is ring fenced in the accounts. We also apply for funding from annual funding pots that are offered from such grantors as Post Code Lottery.

14.Trustees Responsibilities

Company and charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the situation of the charity and of the surplus or deficit of the charity for that period.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 1985, applicable standards, the statement of recommended practice and the regulations made under the Charities Act 1993. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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15.Financial Statement of Accounts

The financial statement for year 2023/24 has been submitted to companies House and the Charities Commission separately.

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srATEMEPITOF FW4AIKLAL posmc 2023 Totsi fvnds Totsl fund fvmd5 Debrors Cash atbard¢ 4.273 281419 34,412 126 131262 sm) 702 24L408 CREfMTORS AMounts1al￿ng￿￿it￿n oneyear IZ3J241 P52511 1483751 135,1341 NEfcLIRRENfAS5ET5 238327 206.274 TOTAI ASSETS LfSSCLIRRE14T 111oiunES 238327 206,274 NEfASSEf5 ,3Z7 206,274 JNDS UnrestrKtsdfunds RestriCTed funds J38 OJ89 52.343 153.931 TOTALFIJNDS 2asJz7 The Charitab￿ comwy to exempiion frtyn aLMIt urhr sect￿ 477 of th cNn￿nI@S Ad 2￿6 for the year ended 31 March 2024. The members have Th)t required the coryaffji kn otrtiin audit ol its finanaal stat•re￿$ ts the year ended 31 March 20Z4 in accordanctwitb 476oftk comw￿5￿£t 21￿. Thptsu5tep5atDuW￿1h¢Ir resp)nsitrAlstiesfrrf s￿ring ¢hat the tharitable Comp￿ry keeps acLwnt￿É r￿dS tloi Secbms 386 artd 387 01 ihe Companies Act 2(￿63nd preparing lin8￿31 statemeffls 8ive a and faw blV¢V ol thE 51atE ￿ •flw5 of the ¢Naritatr comp3ny Js 3t the end of each fi￿r￿￿41 year and of its Surplus or deficit lor Ea¢b final￿￿1 in acctydan¢e With the requiTements of sect￿￿5 394 and 395 and which othÈnise comp￿With the requiremEnts oltr (￿npanieS Act 2(￿ retsufig ¢0 financk41 statements. sofatasaKplit3trAÈtothe Charitable￿mpanY. These finarfkil statements have been weP￿ed rKo¥isknnsaprltsbto thaitabk comparmes 5ubiEctto the small compan¢es rwme. 2/12/x)Jr The fina￿la1 stsiemÈnts appi0%￿d ty the Boanl of Trustees aMI Iwts5fft0n......................................... and v￿￿ $S￿e￿ OTh its behaw ty". MrSarnes GregoTy. Trust The￿)￿St￿M partoltheseflnaroa15tsreme Pa8e4

P￿TEST0THE FIFI4NCIALSTATEMEiifs FOR THE YtAR E14DED 31 MARCH Z024 ACCOUPrnNG POUCE5 8￿$ 0fprepari￿thÈf￿•t[als￿1em•Ils The financial 5tatemenrs of the thaiitable company. whKh ￿ a pubfK b2nefiientity umler FRS 102, thave Eeen prepared in ¥COrda￿e¥lrth the(han￿50RpI￿RS W21'A£¢4xH)t•¥aNI Rewrtlrng ty QarFtks.' StrtÈ￿ntOf Recommended Practice ap[A￿a￿e to charitie5 PTepaiirn8 their acCO￿￿ts in acmrdaKe with ihe Finamial Rewtin8 Standard appkCats￿ in the UK and RepuNlc ol Ireknd IFRS 1021 leffethe I laNary 20191.. FA)antk￿ RewrtinÈ 102 The FiTh3ntK41 Re￿rtIn8 Standird awlifable ￿ the UK Repubfit of Ireland. and the Compan￿5 kt 2fffj6. The frn•Kial ststrmenrs h￿e prepafÈd uThOerthe hslor￿1COst r￿r￿lI0 The charit3We tompany has tsken athnra8e of the f￿&)￿1￿ 4sck)5Ute P￿Paring these linancwl awr5, aspernwried by FR5 102 Tr FThnci41 Reporttr1¥s￿dard appI￿￿tIe iTht￿ UKandRepubl of Ireland,: the re4uirementsof Seciion75tsteThni ofCa5h All ￿CoMe IS Tecwised in theStatementol ￿nanaal AttNi1￿ onte thariy hasertitknMiothe luTrd4 it15proba￿e Ihat the income¥vill be recei¥ed and the JrThiunt can be meaSU￿d rd¢abTrt. ProDeCt5FundW￿ kncome is receNedfroTh Natural Re50uroWs and Welsh Water with the remainlng project irKome derNed from wivate and pubfK Sour￿ fvAI and (knnatKMs recthtd ale n relat￿n he tharity'5 pi7nary0biet¢fdesasdetai￿d in the re￿rt oftheTrustee Exp•ndlturo abilts are reco￿￿e1 35expenditure as ￿lon asthere 15 a ￿gaI 0icon5trLthieiJl￿I￿n commttiin8 tharityto that eXpe￿diture. K( b Probab￿ th31 a iransfer of econornK benelits will be required in Sett￿ment ihE amount of the obligathirn can be measured refiab￿. E¥peryJituwe 15 KCOUllted for 4)n an #tr￿1$ basis and ha5 been cL75srfied under headiw that aggregate all c05t related to thè (ategory. Wlre tosts ¢an¥Krtbe direct￿ attributed to parNJJL)r headin85 Ihey have been allocatedtoactNitie50n a IP￿¢(￿5151ert thtuseof reswrrty. Taxatktrfb Thecharity 15 exemkrt from (orp)ratK¥) tsx on aCco￿t￿ Unresvicted fundscan be US￿ Niatcowdarte with 1￿Charital￿e￿Ile(t￿ althedknet￿ Oft￿trustee Restlid￿ lunds ¢ah bè usèd for Part￿￿ar iestrKted purwses ￿7th1n tr ¢Jt*cts oFthE tharity. RearictK)ns arise when specrfied bythe th)n0rorw￿nfvndsare rai5edfw wtknJVor rpstrftedpuwe> FL¥ther explanation of the wrèand purp75eof ethfvnd Is ind￿ded iThthenDtestothe fwtioal #atements. IriVESTMt14TII￿dE 2014 2023 Inte￿$1 rece 2M7 L672 continued...

IOIESTOTHEAI￿r1OA￿ STATEMEFif5.corth FOR THEVEAR El￿ED JI PAARCH Z014 IRUSTtES' REMLINERATKWAIID 8ENtFnS TherEwa5 fio tru5tee5' remuneration oTotlr benefitslor the yeareTr￿ 31 Marth 2023 nor loTtheyeareThYed 31 March 2022. Therewereo trustee ÈxpeD5es pawj ID STAFFCOSTS Theavetage mOnth￿￿￿ni￿Ofer￿pkn￿thJ￿r￿thE1￿r wa5asfo4m￿.' 1023 c￿tab￿art￿rtie5￿0IeCtSiaff NoernpW rece￿ eMohM￿thts in excessof£fil,IXX). COMPARATM FOR THESTATEMENfoF FINAlI(￿ACnvrnE$ Total funds fuMIs INCOMEAI4DÉI*M)WMENTSFKOM Donaiion5 legac￿5 19.826 19.826 Gtant5 rthved 135.&46 135,836 I￿est￿nI Irt L672 1.672 Totsl 21.498 135.836 157,334 EXPENDITUREOW RaisiDgfunds 259,977 259,977 Other 31￿7 31.357 Total 31357 259 291.334 19.8591 1124,1411 1134.L RECONCILk4TlOt4 OF FUND5 Totsifvnd5 brou8htforwdtd 62.2D2 278,072 340,274 TOTAL Fup￿CARR1ED FORWARD 52.343 153,931 2C6,274 continued...

)TESTOTHE Hm4NcL￿sTAYEMEmT5. FOR THEyE￿ ENDED31 ￿NcH 2024 Dwfops. APAouiifs FAlu￿ WE wmiw 0￿YEAR 2023 otherdebtors Prepaymentsand income 2,5 Ln3 33,350 4.273 34.412 CREorroR>. A&￿V11T5FAlul4fj DiIE v4miiNONEVEAR 2024 2023 ￿a￿sathJ obtrdraftslsee note 81 Tradecredlto Lalsecyiiiv and othert3xes ktruals and deferred 15251 16531 3s6 31,508 1,946 48375 35.134 LOANS An anatyssofthe mthrrtyof loans ibJ¥r. Arnount5 fairl￿& duè ￿thIrt on thmaTrJ". Bankoverdrafts 252 31,5 MoveMENTIN FLINDS Trnnsfers between fund5 At U4123 tiifunds 4t3113124 General fund PB.ml IWlJ8 Re5trfcted fur Welsh Water Ety andvale Mat¥tat Fyoiect Welsh WaterTaff Salmon Habitst Improvement Projett WW Rivef Cynon Prolect Waenau Ftyproiert NatuTrl Resourceswales i¥ey5 Control Miscellaneou5 Fund Strategic￿￿(at7Dn Fund Income (SAF21 RwerT3ff Gra¥el Re5toiation Pro SttsteilcAll¢¢atK)n Fund I*Kon￿ (SAF31 StFategic All(xation Fund 4 RepreEve Watervole Rhondda RNers forAI Crrfil Sanuwjn Fu￿1n8 39A 139A121 48.634 ,8451 17J381 19JJil 12.643 2.749 749 10821 116m91 A301 17A1791 (7ty1 117AIOI (7191 7366 28Jll 31 .061 18ax131 TOtAL Fill 21W 32JS2 8.927 cMtlnued...

FOR THE YEAR EMJED31 MhRtI12fQ4 MOVEMENT IN FUNDS.U>nlknLd Net mo¥effleni in funds. Ir￿l￿ded In I￿althe areasfoknv>' knccdni expended in funds General fmd 133.1431 128ml Rostrlcted lutsjs WW Rwei Cynon Prort RwerTalFGravel Restorathy) Proktt Strate8￿ Al(Kaiion Intome l￿F3) SrategK ￿lf￿ar￿ Repreeve wat￿ Vole Rhondda RNersfor￿I tsvil Sanctk)n 12145 lo￿5￿ 17,0791 (9A391 17191 lQ)J301 lia41 54307 17.1231 wii Z8g11 TOTAiFUIWS 250J43 218.0911 32￿1 CuThwatlve5forThovemertln Iw At YV22 At3V3123 iknvestthttedt¥nds General fund 19.8591 52,343 ResiTkted fvmts Taff & ElyAtternaiive mil￿￿0Th (TEAMI Wetsh W3ter£tyand vale Habitat ProR¢t Wetsh Water Taff Salrnon HaL¥tat Imprtyewt Projt Ri¥er Restorttion PC Lottery WW Rr4ti Cynoo Projert 8laenau Gwent Ftyproietl Strate#KAllIKatioTr Furyj IncLW Natupl Resour¢esWa￿s SuTvÈysControl Uiste41èneous Fvnd Strate8i( Alotation Fu￿1 IrKome I￿￿1? River Talf Gravel RestotatTroD Ptoiett Strategit A￿31￿ FuTrd IrKomelW31 19,284 51,714 119,2841 112.3021 39,412 51064 4511 1.741 821 13.4>)) 14.5111 48.634 34,821 821 15281 141.1921 50523 12,643 1.29) 53.993 9,331 12,643 2,749 1,499 153.1111 5,539 5,539 2nOTI 124 1411 153,931 TOTAL Fura 340,274 1134,(XYJI 206,274 continued...

TO THE FIPiANa4isfATEMEIIIS. L1)th￿l FORIHEYEAREMJÉD 31 NtUCH 2024 MOVEMEIIT114FUNDS.conUnw ComparnD¥e net Th￿Ment irtfund4 in thpab￿are as IN0￿Hr Reswrces expended Movement lund5 Geral 21.498 131.3571 19.8591 Resiri¢ied fv Tatt & EtyAFternative WieatK#) (TEAMI WÈlsh Water Etyandvale Habilat Proi¥t Welth Watrr Taff Salmon HH Improyemeni Proprt Rfver Restora￿7 PC Lottery WW RwCyrhTh Proct Straie8iC ￿￿tatI(￿ Inwme Natural Resoureswales Surv¥s Control Mtscellaneous Fund strategic￿￿l￿n Fund IrKome IYF21 Rr4erTaf( Grayd Re#ora¢iM ProRtt Strate8icAJk)(•th)n Fwd ISIF31 119.2841 112,3021 1192841 112,3021 13,4301 14,511] 119.3601 15281 141,1921 I19,5￿) 12511 167,3511 15401 171,6381 I3,4￿) 141,1921 y) 1,499 14.240 5,539 19011 X>.737 1159,9rn 1124.1411 TOTALFur 157,3Y 1291,3341 Pa8e9 contirlued...

I)TE5TOTHE ANANC￿STAyEr4lEN1S. FOR THE YLAR E14DED31 m￿012011 MOVEMENTIN WJIIDS. conlknwd A current ￿ar 12 month5Bnd wioryeav 12 monthscomTrkned WYl#)h isas fo￿.. Nei Transfers bet¥%￿n J5 At V4lZZ At 3113124 Unre51rfded furM15 Gener31fund 137i681 10&138 Taff & Akernatbve Miii8ation trEAMI We15h Water Etyfandvale Habitat Propct Weth Water T3ffSalrJwn Ilatstat Improvernent Proiecl ftwer Restoration PC Lottery WW Fwercynon ProRct 8laefiau Gwenl F￿ Project StrategKAllocatx>n Fund Incom Nèlvral Re5Durce5WalE5 SL¢tveysCDntrol Miscellaneou5 Fund StlategKAIIIKat￿Tr F￿nd l￿F2> Rwer Taff Gwavel Restoration Proie£t StrategKAllocat?Tr Fwnd Incon* l￿F3> StrategKAN(KatioTr F￿￿j 4 rtepre Waterv￿￿ Hhtyxfda RNersfor CNilsan¢t￿rn Funding 1192841 1113021 51.714 139,4121 114301 145111 117,76SI 48.634 4511 ,741 821 528 50.523 IL643 1.250 53.993 17.8381 18211 5.138 Is2lli 141.192) 19,3311 11643 1749 l4YJ 153,1111 14089 t7,9•Jl 171 17,1231 7366 28.911 I16,￿) 19,4301 117,4101 17.1231 7.366 28,911 278.072 I64.0￿) 183XBI 130,189 TOTAL FUNDS 340.274 li￿.948) 238.327 eontinued...

FOR1HEYEAR EP4)EC131 MAROI 1014 MOVEMENY Itl FUNDS.eonth)d A current year 12 months and pr)r 12 Inon￿ corrknned net nwJveNrt in knd5. nluded kn the abo¥e are a5 follo Imrnrni ftesources e￿￿)ded Movement in funds Lknresirfcted fwmls Geller31 fund 164.5WI 137.868 Taff & Akernatwe Mil￿(￿J￿ ITEAMI WeL5h Water Ely aThOva￿ Habital Proiect Wd5h Water Taff ￿mOn Habitat IMpr￿eMent Pioiect Yer Re5turation PC Lottery WW Rivercynoll Projert sirate8K AllOCatK￿ Fund IKon P4atural Resource5Was surveys Control MIS￿l￿neouS FuDd Strate8ic Allocation Fund Incorne IW21 IUverTaff Giavel Restoratio￿ Prop strateg￿ A1￿catIon Fund Incort IW31 Strate8ic Alocation fund 4 Repreeve Watervo Rhondda cnrilsa￿thoTr Fvndin8 I￿.384 112.Y)21 119.2841 112,3021 13.4301 14.5111 141,4141 13.4301 IL7.7651 15281 141.1921 I19,5￿1 12511 167.3511 19.9791 1162,210 {7191 16lts301 Its41 19,591 1,499 153,1111 16.089 17,9801 17191 17.1231 7.366 28.911 ).wo 14,24y) Y.￿7 28.911 1444,92SI 164.0801 TQTALFLVIDS 407.477 1509,4251 1101.9481 RELATeDpA￿ tISCLOSU8ES Thère wereno ielated party1￿￿5￿￿￿$f0￿the￿arended 31 Marth202 Page 11

OEfAILEDSTATEMEMTOF A14ANCiILAcrivmES FOR ThEYEAR ENDED 31 MARCH 2024 2024 2023 INCOMEAND ENtrf)WMEIIIS iK)natlorJ5 and IE8ados Admiilistrat¥Jn of fund5incorne 2.547 19,826 InterE5t received L,6 Charitable lcd￿tIeS Spcific project Income 135,836 Toial IrKoM1￿ resrA Z50,143 157,334 EXPENDifiiRE Rn8 doftatlorsand l¢y¢ies Specfficprojett costs 259,977 SIV￿rt casts Wa8es Inwtance Committee exwse5 Bank Charges bxiiptions A¢countaKy Broadband 3nd501tware Generaiexpen5e5 Ath4ert151n8 & Ma[ti￿¥ costs Portsion costs Repalrsand maintena 15.733 1544 514 L636 2A73 4,722 147 2.982 370 246 807 lJ97 4.349 33J43 31,357 Totsl reWr¢eseX￿n1ed Iwoyi 391,334 Met iKoThllexpendltuwl 12,052 1134,OWI Thispa8edoes ThoifrAml partof the sLal￿f￿a￿Lll siateirern5 Pa8e 12