# 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). 

2 



## 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 

3 



## 5. Organisation 

## Board of Trustees 

## Projects Group 

Project Director, Chairman, CEO, members of staff 

- Identify and design river improvement projects, place contracts, oversee construction and verify effectiveness. 

- Organise and run annual European Eel Restoration Project 

## Operations Group 

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

- Create and implement operational infrastructure e.g IT, policies, procedures, risk assessments. 

- Obtain funding. 

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. 

4 



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: - 

- a. To promote the conservation, protection, rehabilitation and improvement of the rivers, streams, water courses and water impoundments in the rivers Taff, Ely, Rhymney, Ebbw, and Sirhowy together with their catchment areas in all their aspects in Southeast Wales and adjacent areas of their banks and riparian lands. 

- b. To promote the conservation, rehabilitation and protection of the indigenous species of animal and plant life of the rivers, streams, water courses and water impoundments in the Rivers Taff, Ely, Rhymney, Ebbw, and Sirhowy together with their catchment areas in all their aspects in Southeast Wales and adjacent areas of their banks, riparian lands and thereby enhance the biodiversity in the South East Wales area; 

- c. To advance the education of the public in the understanding of aquatic habitats, their related catchment areas, and their animal and plant life and the need for the conservation, protection and rehabilitation and improvement of such environments. 

## 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. 

5 



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

10. 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. 

6 



## 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. 

7 



## 15.Financial Statement of Accounts 

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

8 



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IS6tsfERtDCHARifY NUM8EL' 1145n4
RPUNtiALsfAIEMEPIYS
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srATEMENfoF FINAFKiAIAcnvrriES
FORIHEYEAR ENDED 31 htARCH 2024
2024
2023
Total
funds
fund
fvDd5
Noies
D0natK)nSa￿ Wies
2N7
19,826
tharltable arlmfjes
Grant5 recewed
245)
Z4%1109
ia5,836
Inve51merrt
L672
Totsl
3451
157.334
EXPENDITURE ON
P2isingfunds
259,977
Grants receNed
L5J8
L5
Other
3L625
al￿15
31,357
Tolal
33.143
218.Tr31
291.334
NEr IricoMVIEXPEtXJlWREI
P8.r•)91
83XM
60Xffji
3x131
32J153
1134,(AlOI
P3.7421
a2J￿3
1134,(XM)I
4ECQNQLiATIONOF PJND5
Tot31 fu￿d5 brou8ht forward
3.931
206274
340.274
TOTAL FUNDSCARRIED FORWARD
.138
o.
238J27
206,274
The notesform part ofthesefinanLial State￿￿tt
age3

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 urh*r 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￿.
Thptsu5tep5at*DuW￿*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 othÈn*ise comp￿With the requiremEnts oltr* (￿npanieS Act 2(￿ retsufig ¢0 financk41
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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￿ 4*sck)5Ute P￿Paring these linancwl
a*wr5, aspernwried by FR5 102 Tr FThnci41 Reporttr1¥s￿dard appI￿￿tIe iTht￿ UKandRepubl* of Ireland,:
the re4uirementsof Seciion75tsteTh*ni ofCa5h
All ￿CoMe IS Tecwised in theStatementol ￿nanaal AttNi1￿ onte thariy hasertitkn*Miothe luTrd4 it15proba￿e
Ihat the income¥vill be recei¥ed and the JrThiunt can be meaSU￿d rd¢abTrt.
ProDeCt5FundW￿ kncome is receNedfroTh Natural Re50uroW*s 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
abilt*s are reco￿￿e1 35expenditure as ￿lon asthere 15 a ￿gaI 0icon5trLthiei*Jl￿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. Wl*re 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 oTotl*r benefitslor the yeareTr￿ 31 Marth 2023 nor loTtheyeareThYed 31 March
2022.
Therewere*o 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
3*s6
31,508
1,946
48375
35.134
LOANS
An anatyssofthe mthrrtyof loans i*bJ¥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>nlknL*d
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 Pro*rt
RwerTalFGravel Restorathy) Proktt
Strate8￿ Al(Kaiion Intome l￿F3)
S*rategK ￿lf￿ar￿
Repreeve
wat￿ Vole
Rhondda RNersfor￿I
tsvil Sanctk)n
121*45
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 Proj*t
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￿3*1￿ 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
G*eral
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 Pro*ct
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 nwJveN*rt in knd5. n*luded 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 Resource5Wa*s
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
R*n8 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 iKoTh*llexpendltuwl
12,052
1134,OWI
Thispa8edoes ThoifrAml partof the sLal￿f￿a￿Lll siateirern5
Pa8e 12