Registered number: 08189846 Charity number: 1149960
## **River Waveney Trust**
## **UNAUDITED ACCOUNTS**
## **FOR THE YEAR ENDED 31/03/2022**
## **Prepared By:**
Elizabeth Klingaman MA FCA Chartered Accountant The Old Rectory Worlington Bury St Edmunds Suffolk IP28 8RU
**River Waveney Trust**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2022**
## **TRUSTEES**
Robin NG Twigge (appointed August 2012) Rupert Bragg (resigned July 2021) Genevieve Broad (appointed August 2020, resigned July 2022) Gordon Lascelles (appointed August 2012, resigned May 2022) Todd Strehlow (appointed September 2022) Jane Newbold (appointed December 2020) Keith Lead (appointed April 2014) Louise Bond (appointed August 2020) John Blair (appointed September 2022) Duncan Barnes (appointed July 2022) Hilary Gauthier (appointed August 2021, resigned April 2022)
## **SECRETARY**
Karen Lesley Stone
## **REGISTERED OFFICE**
Ashfield House, Mill Lane Pulham Market Diss Norfolk IP21 4XL
## **COMPANY NUMBER**
08189846
**CHARITY NUMBER** 1149960
## **ACCOUNTANTS**
Elizabeth Klingaman MA FCA Chartered Accountant The Old Rectory Worlington Bury St Edmunds Suffolk IP28 8RU
page 1
## **River Waveney Trust**
## **ACCOUNTS**
## **FOR THE YEAR ENDED 31/03/2022**
## **CONTENTS**
||Page|
|---|---|
|Report of the Trustees|3|
|Independent Examiner's Statement|7|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Accounts|11 to 17|
|Detailed Statement of Financial Activities|15|
page 2
**River Waveney Trust**
## **FOR THE YEAR ENDED 31/03/2022**
## **TRUSTEES' REPORT**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees present their report and accounts for the year ended 31/03/2022 .
The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with the applicable law and UK GAAP.
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is appropriate to presume that the charitable company will not continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Insofar as the trustees know, there is no information of which the examiner is unaware and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the examiner is aware of that information.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **OBJECTIVES AND ACTIVITIES**
The purposes of the Charity as set out in its governing document are the conservation of the River Waveney, its tributaries and natural habitats and the education of the public and other organisations supporting the charitable objectives.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.
1. to conserve, protect, rehabilitate and improve the rivers, streams, watercourses and water impoundments of the catchments comprising the River Waveney and all associated tributaries including adjacent estuarine and coastal areas for the advancement of environmental protection or improvement for the benefit of the public
page 3
**River Waveney Trust**
## **FOR THE YEAR ENDED 31/03/2022**
## **TRUSTEES' REPORT**
2. to advance the education of the public or any association, institution, voluntary organization, company, local authority, administrative or governmental agency or public body or representative body in (a) the understanding of rivers, river corridors and river catchments, including their fauna, flora, biodiversity, economic or social activity, and river catchment management and (b) the need for and benefits of conservation, protection, rehabilitation and improvement of aquatic environments.
The Trustees have adopted and used all the current governance policies issued by the charity during the period under review. In particular the trustees have started new projects specifically with the protection and improvement of the environment / habitat of the River Waveney and its catchments in mind and to provide better public access.
The trust is entirely administered by volunteers including the services of the trustees. The trust has a large database of members, many of whom volunteer on a regular basis at the trust's sites and assist with administration and marketing.
## **ACHIEVEMENTS AND PERFORMANCE**
A significant development for our Trust occurred in January 2020 as we received confirmation that the Environment Agency accepted an offer from Anglian Water resulting in a payment of £130,000 to the River Waveney Trust. This very generous amount of money will enable us to plan and undertake many more projects in the next few years. A summary of all events throughout the whole year are as follows:
1) A member, Martha Meek, who has had considerable experience in conservation projects was appointed as a trustee and immediately began to improve the outlook and running of the Trust. Since the injection of the £130k we have started to formulate a new Strategy Plan which she is project managing.
2) Our website (www.riverwaveneytrust) and Facebook page plus radio interviews continue to promote our image and the excellent work that is taking place along the length of the River Waveney.
3) Our Treasurer continues to efficiently provide very informative monthly statements on our finances and general running/advice on all monetary matters.
## 4) RWT work:
a) Several of our members/trustees have attended conferences and training courses (eg use of chainsaw/tractor)
b) We continue to promote awareness and removal of non-native invasive species (NNIS)
c) We continue to attend the Waveney Catchment Group which plays an important role in liaising with other organisations such as Essex and Suffolk Water, Environment Agency, Broads Authority plus the farming community. We also attend the Broadland Catchment Partnership Steering Group which is a similar group of partners sharing valuable information.
d) We have had two ongoing projects –
• Geldeston Lock – run by our Beccles Group. They have continued to re-build the remaining collapsed lock wall, ably assisted, once more, by the Waterways Recovery Group.
page 4
**River Waveney Trust**
## **FOR THE YEAR ENDED 31/03/2022**
## **TRUSTEES' REPORT**
• Frenze Beck Reserve– run by our Diss Group. Work has progressed well over this year, maintaining footpaths plus dead hedging and clearance of invasive willow on this 30 acre site. We have also had the benefit of funding from South Norfolk DC to purchase a small tractor to assist cutting the hay meadows etc
e) Training – We have continued to run courses for Riverfly, a way of testing the health of the river, so that more pairs of volunteers can take river samples on a regular basis.
f) Tree planting – In March, we planted 50 trees on the bank of the River Waveney, working together with a team from the Environment Agency.
## OUTLOOK
The Trust will be guided by the new Strategy which reinforces our Vision, Mission and Objectives with Action Plans for the next three years. New projects will be found and implemented over the three year period. The Board is planning to advertise for four new Trustees to increase our knowledge base and provide a sustainable future.
## **FINANCIAL REVIEW**
The trust has a policy of holding an amount in an unrestricted reserve fund which will enable the trust to stay operational for a period of 1 year without other fundraising income. The main costs include consultancy services, insurances and administration. This is estimated to be a fund of at least £6,000.
The amount of the actual reserves to be held will be recalculated in future years but the principle will remain the same. The amount of the unrestricted reserves is currently £7,277.
The main threat to the charity's operations is seen as reducing public funding, especially from the Environment Agency. However, these funds are for specific projects and these only proceed when funding is awarded. The trust has been successful in gaining other grant funding from the private sector as mitigation. The trust gains support too from being part of the national Rivers Trust movement that constantly sources funding and other “in kind” support for its members.
In conjunction with the Environment Agency, Anglian Water awarded the Trust a grant of £130,000 for general improvements to the river and its catchment. For us, this is a large and very welcome grant. We are now assessing potential projects with a view to prioritizing the work over the next three years and to make some significant improvements along the River.
The charity continues to attract project funding through the Environment Agency. It is expected that these specific and targeted funds will continue as government policy dictates. The unrestricted fundraising activities need to be enhanced and the trustees are working on a 3-year fundraising plan.
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
The trust is governed by memorandum and articles of association published on the Charity Commission and Trust websites. The trust is governed by memorandum and articles of association published on the Charity Commission and Trust websites. These are based on a precedent used by all the English rivers trusts and as advised by the Rivers Trust charity as good practice.
page 5
River Waveney Tru•t
FOR THE YEAR ENDED 3110312022
TRUSTEES. REPORT
The CL*rr8nt trustees solidt new trusl88s and undertake a prorASS adopted in 2013. The Chair over388s Ihls process. This includes
the candidate's prow3ion of thèir capabllitles and provision olthe trusfs objectives and poli¢i85.
The twstees are awar8 that further skills, especially 8rA)logical and Vdter management are requlr&Y ond continue to seek new
trustees to join. The nature of an 8ntir8ly votunteer managed org8nisation also puts a premium on administration and the trustees are
looking to improve the trusvs rtOMian with nKJre tr8ining 8nd ad¢JitSonal resourees.
The Trust ¢urrenty has a recruitment ¢8mpaign seeking four addltioThal trusleès. Following a trustees, sklls audit, we are seeking
Trustees to cover the follo¥wng areas.. conseNation & science.. communicaty)n3 & revenue gener8bon,' farming in the waveney
catchm8nt and charity g0ManCe
The tnjsl has adopted 8 govemance model Ithe twsteesl supported by 5 Ioc81 (xjordinalors who represtrnt members, interasts and
lor81 projects. Thè trust also has groups of sp8cial interest volunteers who undertake projacts and advise the tnjsttès on their
speafic ar88 of kno¥edge.
The trust is a fvll member of th8 national Rivers Trust movement administed by th8 River5 Trust and, as suth. pays an annual
subscription. Th8 trust is a member of the Broads Catchment Partnership which co-ordinates good prdCtiC8 in ecology and water
managofflent via its document published in 2014. The trust is also a parther ol the Norfolk Biologlcal Infomiation 8ervice, the
Waveney Non-Native Speci8s Group. The Tnjst Co-hosts th8 Wav8ney Catchment Group wth Essex and Suffolk Water - a very
useful and effective forum for the trusts work with 18ndowlle, tsrmers, agronomists and the private $8Ctor. The trust is represented
as a lull member on the Norfolk Loc81 Access ForurTh that advises th8 Statutory body on public access a0$$ thg county. Thè trust
ha¥ excellent working rBlatlonships wlth the Broads Avlhority and Norfolk and Suffolk Wildlrfe Trusts. The trust has good relationships
local govemment- Norfolk and Sufft)Ik County Coundls and South Norfolk Dlstrfct coun1. The trust also works th a number
ari8h councils, notably Diss. Scole, BrockdSsh and Geldeston.
KLea
Trustee
Rlver Wa¥•nèy Tr1
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 3110312022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVER WAVENEY TRUST
I report tsn Iha acrKJunls ol th• company lor the ar ended 3110312022 .
RESPEcnvE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The tnJstee8 (who 8r8 8lso the director¥ of tho company for the purposes ol company18wI Bre reBpon8ibl8 for tho preparation of the
accounts. Tha trustees con8idor that an audll 18 nol requlrad lor thls year under $8ction 144121 ol the Charities Act 2011 (the 2011
Act) and that an independont examination is needed.
Havlng 58tlsflod mygeLf that Ihe charity Is nol 8ublect lo an audit und•r Company l#w andlg ellglble for indepondant oxamlnallon, It Is
my responsiblllty to..
- 8xamln8 ihe accounts undar Secon 145 01 tha 2011 AL#,.
- follow the proc•dures lald down In th• goneral Dlfeclons glvèrt by the Chadty COMMIS0 under sectbn 14SISXbl of th• 2011 Act.,
. state whether partl¢ul8r matter8 have eom9 to my attanOn.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examlnation wa8 CBrried out In 8cwd8n¢e with general Direcllon8 gn by the Chartty Comm188k)n. An eKarnln8lon Indude8
revlew of th• 8ccountlng records kgpt by charlty and a comp8d$on of the accounts pre3ented wth Ihoae racords. It also Include6
consideration ol any unusual Itèms or dSsdosures In lh8 8ccounl8, and seeking 8xpl8natSons from you as Irustses conceming any
such malle¥s. The procedures undert8ken do not provldè 811 the evldencg th81 would be requlred In an audll, and wnsequènity no
opinion is givon as to whelher th? accounts prnsenl a 'true and fair viw and tho rewt 18 Ilmiled lo thc*o matt8rs t oul Ir th
statement below.
INDEPENDENT EXAMINERS STATEMENT
In conn8Ctlon th my ex8mln8tlon, no matter hag come to my attentlon..
111 which give5 me ra8sonabl¢ cause lo b8118V8 that in any rnAlerial respect the requlrernents:
- lo kegp accoyntlng rowrds in 8ceordane• with sècth?n 386 01 Itt• Companles Act 2Q)6,' and- to prepare acCVn whlch 8cKord vlth
the accounllng r8o)rds, comply th the accountlng wulr8m8nts of soctlon 396 of tl>8 Compan18$ Aei 2CK)6 an¢J th Iho melhoLJs
and principles ol thè Statement of Reeommandad Practir*.' AetKJuntlng and Reportlng by CharfU88
hav8 not bean met.. or
121 to whleh. In my oplnlon, attontbn shjId b8 drawn In ordér to an80 & propor understandlng of lh• 8cciJuntg to bè rèaeh8d
Date..
Elizabeth Klingaman MA FCA
Chartered Accountant
The OFd Rectory
Worfington
BuryStEdmunds
Suffolk
IP28 8RU
## **River Waveney Trust**
## **Statement of Financial Activities for the year ended 31/03/2022**
|**Income**
Income from generated funds
Donations and legacies
Income from Investments
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
Transfers between funds
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
4,967
814
4,233
**10,014**
1,086
4,595
**5,681**
**4,333**
193
**4,526**
11,926
**16,452**|**Restricted**
**funds**
**£**
110,634
-
1,027
**111,661**
4,091
107,671
**111,762**
**(101)**
(193)
**(294)**
135,805
**135,511**|**2022**
**Total**
**£**
115,599
814
5,259
**121,672**
5,176
112,263
**117,439**
**4,233**
-
**4,233**
147,732
**151,965**|_2021_
_Total_
_£_
_7,913_
_-_
_-_|
|---|---|---|---|---|
|||||_7,913_|
|||||_-_
_29,527_|
|||||_29,527_|
|||||_(21,614)_
_-_|
|||||_(21,614)_
_169,346_|
|||||_147,732_|
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 8
## **River Waveney Trust**
## **BALANCE SHEET AT 31/03/2022**
|**Notes**
**CURRENT ASSETS**
Debtors (amounts falling due within one year)
3
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
4
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
General fund
**6**
Designated funds
**Restricted funds**
**7**
Difference on accounts|997
157,507
158,504
6,539
||**2022**
**£**
151,965
151,965
9,225
7,227
**135,512**
151,964
1|_-_
_148,407_
_148,407_
_675_
|_2021_
_£_
_147,732_|
|---|---|---|---|---|---|
||||||_147,732_|
||||||_4,699_
_7,227_
_135,805_|
||||||_147,731_|
||||||_1_|
For the year ending 31/03/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
page 9
**River Waveney Trust**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2022**
## **1. ACCOUNTING POLICIES**
## **1a. Basis Of Accounting**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **1b. Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **1c. Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1d. Allocation And Apportionment Of Costs**
All costs relate to the single activity of the charitable company and are recognised accordingly.
## **1e. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
## **1f. Pension Costs**
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
## **1g. Turnover**
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
page 10
## **River Waveney Trust**
|**2. PENSION CONTRIBUTIONS**
Pension contributions
**3. DEBTORS**
Amounts falling due within one year:
Trade debtors||**2022**
**£**
2,652
2,652
**2022**
**£**
997
997|_2021_
_£_
_-_
_-_|
|---|---|---|---|
||||_2021_
_£_
_-_
_-_|
|||||
|**4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors|**2022**
_2021_
**£**
_£_
464
_-_
6,075
_675_
6,539
_675_|
|---|---|
## **5. LIMITED BY GUARANTEE**
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2022 there were 7 members.
page 11
**River Waveney Trust**
## **6. UNRESTRICTED FUNDS**
General fund Reserves
|**Brought**
**forward**
**£**
4,699
7,227
11,926|**Incoming**
**resources**
**£**
10,013
-
10,013|**Outgoing**
**resources**
**£**
(5,680)
-|**Transfers**
**£**
193
-
193|**Carried**
**forward**
**£**
9,225
7,227|
|---|---|---|---|---|
|||(5,680)||16,452|
## **Reserves**
Reserves
## **Designated**
Community Partnership
**Shop income** Income from shop
## **7. RESTRICTED FUNDS**
|Riverfly Training (Closed Project)
Billingford to Scole (Closed Project)
All Local Groups
Homersfield Boardwalk (Closed Group)
Susan Ellis Wood
Mapping (Closed Project)
Canoe Access
Diss Project 22/23
Facilitation Fund
FiPL (Farming)
Anglian Water/Enforcement
NFM
Frenze Beck
Halcyons (Closed Project)
WEIF 21/22
Geldeston Lock|**Brought**
**forward**
**£**
600
9,500
-
630
-
1,000
-
-
-
-
112,169
-
2,680
427
-
8,799
135,805|**Incoming**
**resources**
**£**
-
-
3,035
-
750
-
42,050
-
13,105
-
5,887
11,564
3,831
-
28,531
2,908
111,661|**Outgoing**
**resources**
**£**
-
-
(836)
-
(16)
-
(21,796)
(792)
(14,158)
(5,398)
(32,566)
(10)
(2,538)
-
(28,535)
(5,116)|**Transfers**
**£**
(600)
(9,500)
11,907
(630)
-
(1,000)
-
-
-
9,986
(8,054)
(1,875)
-
(427)
-
-
(193)|**Carried**
**forward**
**£**
-
-
14,106
-
734
-
20,254
(792)
(1,053)
4,588
77,436
9,679
3,973
-
(4)
6,591|
|---|---|---|---|---|---|
||||(111,761)||135,512|
page 12
River Waveney Trust
page 13
## **River Waveney Trust**
## **Incoming Resources**
**for the year ended 31/03/2022**
|**Incoming resources**
**Incoming resources from generated funds**
**Grants**
All Local Groups Grants
Canoe Access Grant
Facilitation Fund Grant
NFM Grant
WEIF 21/22 Grant
Frenze Beck
Geldeston Lock
Anglian Water Grant
Mapping
**Donations**
Donations
Membership fees
Homersfield Pocket Park donations
Geldeston Lock donations
Amazon Smile Donations
Facilitation Fund Donations
**Investment income**
Bank Interest Earned
**Charitable Activity**
Program Participants
First Aid Training for Volunteers
RWT Camp Costs
Donations & Auction Lots||3,035
42,050
12,717
11,562
28,500
3,606
1,696
5,412
-
420
4,163
-
1,110
12
194
814
331
225
102
4,232|**2022**
**£**
108,578
5,899
115,599
814
814
4,890
5,259
121,672|_-_
_-_
_-_
_-_
_-_
_-_
_5,500_
_-_
_1,000_
_218_
_752_
_443_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_2021_
_£_
_6,500_
_1,413_|
|---|---|---|---|---|---|
|||||||
||||||_7,913_|
||||||_-_|
|||||||
||||||_-_|
||||||_-_|
|||||||
||||||_-_|
||||||_7,913_|
page 14
## **River Waveney Trust**
## **Expenses**
**for the year ended 31/03/2022**
|**Expenses**
**Costs of generating funds**
**Costs Of Generating Voluntary Income**
Hospitality for fund-raising
Tidy HQ
Subcontractors
Testing Kits
**Fundraising Trading Costs**
Events/Talks
**Charitable Activities**
**General Fundraising**
General projects
Equipment purchases
Payroll costs
Training
Professional fees
Travel
Venue hire
Subscriptions
Technical Experts
Computer costs
Telephone costs
Insurance
Repairs and renewals
Pension contributions
Recruitment
Equipment rental
Mileage
Accountancy fees
Professional fees
Consultancy fees
Insurance
Postage
Printing
Stationery & office supplies
Sundry tools and maintenance
Licences
Bank charges
Sundry expenses||**2022**
**£**
533
253
2,787
1,138
4,711
465
465
5,176
1,842
2,154
54,528
5,341
925
536
125
44
23,442
393
311
1,490
5,225
2,652
129
824
2,146
840
439
-
-
111
1,085
285
7,042
170
163
21
112,263||_2021_
_£_
_-_
_-_
_-_
_-_|
|---|---|---|---|---|
|||||_-_|
|||||_-_|
|||||_-_|
||||||
|||||_-_|
|||||_3,685_
_317_
_14,363_
_373_
_4,989_
_-_
_-_
_-_
_-_
_-_
_336_
_-_
_-_
_-_
_-_
_-_
_-_
_675_
_100_
_1,456_
_983_
_-_
_-_
_2,221_
_-_
_-_
_-_
_29_|
|||||_29,527_|
e16
## **River Waveney Trust**
## **Expenses**
**for the year ended 31/03/2022**
|**2022**
117,439|_2021_|
|---|---|
||_29,527_|
page 17