ChaFHy reg151ralhJn nLvnber 114??¢SO TesIrakn nmber08189W IEn9kJnd and Wulesl Rlver Waveney Trust Annual report and unaudited financial statements For The Year Ended 31 March 2023 RIVER WAVENEY TRUST
RIVER WAVENEY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trvslees K J¢Jy&5S O Berman J0 (Apponted I l Mtsy 20231 IApp¢Nnled I l May 20231 IAppcYnled 2Sepl8mber 221 K Lelyd K Phlps l R Strehk (Appointed I l Miry 20231 (Appointed I September RNGTwgge Secretrvy JBk) Churay nwnber 11499a) Compony numbei L*189846 Re9L%F¢red olhce CIO Waveney Hwitooe Centre Grov¢ Road Brockthh Ncwfok IP2i 4JP Hlependenl exuminer H(ryden Watson Ebtree HcxJse Wotson'3 Yard HwJh Street Collenham Carnbridge CB24
RIVER WAVENEY TRUST CONTENTS P¢¥ge Trudees. rep1 Independenl examinerfs Jep(xl io Sloternent of financ1 ocMEs Boknnce sheet 12 Notes to the financkil stalem2nls 13-23
RIVER WAVENEY TRUST REPORT OF THE TRUSTEES I APRIL 2022- 31 MARCH 2023 CONTENTS I. INTRODUCTION 2. ABOUT RWt- Oul AIMS & STRATEGY 3. ACHIEVEMENTS 4. OUTLOOK 5. FINANCIAL REVIEW 6. STRUCTURE GOVERNANCE & MANAGEMENT
RIVER WAVENEY TRUST INTRODUCTION During the 12-monlh p70d covered by Ihis reFX)rt. RWT hos developed in capocily ond expertise, taking on new projects ond staff and investing in training ond effecsive internal systems. This has grown the prollle of the Trvst. there1e gaining a repvtalion a5 csn effective delivery orgOnall0n, which ha5 brought new opportunities for partnership working and accessing funding. The importance of eflecfive govemance has been iecognised. with lime token lo develop Board ol Tnjstees with Ihe skli and experience needed lo support this work. This report highlighls the work that the Trusts sli]ff ond volunteers have defivered over Ihe past year. Much effort hos been invested by all ond greot Ihanks go to oll that hove contribuled to our success. VoJunteet% RWT51off (Tnd Wthj Troul Fod011 w(¥tsftg owcartoe Access & PAodwyty Ptopct ABOUT RWT- OUR AIMS & STRATEGY The purposes of our charity os set out in 115 goveming document are the conse¥vation of the River Woveney. ils tributaries and natural hobitats ond the educalion of the public ond other organisations sVPPOrting Ihe chiThtable ot4eclives. We are guided by OUT >year stralegy1202(k231 ond ossocioled wotkplon. Our work 15 reviewed al year end ond measured ogoinsl our benchm(xks ond key performance indicators lo ensufe we ore meeting OUT oims. Our Mission is to 0mote. w)tecf and enhonce tt7e heolth of the river and its cotchment for both wildlife and people.
RIVER WAVENEY TRUST Our vision is fhot the rwets wolw5. Catchment and habilots ore volued arKI heolthy, for both wildlife and people. We will ochieve Ihis by building the copocity of our otganisalion to wotk both by i15elf. and in portnership wilh otheT5 to deliver lleCt5 Ihol conserve. enhance and educate. Our identiffed objedlves forthe 3-year slrolegic perfod are: l. To identify ond deliver o range of pr(4ects Ihal reduce poRulion and enhance hobilals on the River Woveney. ils In"tlaneS ond within ils cotchmenl. 2. To mainloin and increase acce55 to the River Woveney lot the benefit of the public, including provision for onglers and paddle navigotion. whilst ensuring the restoration ol habitat for wildlife. 3. To improve the local profli e ond brand of the River Waveney Trusl. building on the repulo*ion ol the national Rivers Ttvst movemenl. 4. To invesl in building the capacity of our team of ttU51ees. co<xdinalors and key volunteers lo best sup1 our work. 5. To ensure future svslainobility and growlh of the River Waveney Tnjsl os on effective orgonisolion. Crop fe5ting as Port of ow Nufrient Use Effjciency Project ACHIEVEMENTS
How our activities have delivered our aims & objectives:
Our activities this year have grown in scope and diversity, bringing new audiences and delivering new areas of work. Concluding this year was our Canoe Access & Biodiversity project - our largest project to date, funded by the Defra Green Recovery Challenge Fund and Essex & Suffolk Water's Bluespaces. New projects of note this year included the EU-funded Preventing Plastic Pollution in partnership with the national Rivers Trust, Natural Flood Management pilots funded by the Community Lottery Climate Fund and the Farming in Protected Landscape-funded Nutrient Use Efficiency project. As well as delivering on the ground improvements to the catchment, these projects have collectively increased our media reach and brought in new volunteers, supporters and landowners.
“ Thank you both for organising such an informative evening last night. It was really good to hear from all the speakers and meet lots of people involved in the Waveney afterwards. I came back inspired ” . River Waveney Landowner in Hoxne, Suffolk
A summary of the years’ achievements are as follows:
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Two new part-time members of staff have joined the Trust on project delivery,
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taking the team to 5 and the FTE to 3.2.
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We have worked on 22 new habitat projects covering a total of 7.1 hectares, planted 486 riparian trees and enhanced over 4km of river habitat.
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RIVER WAVENEY TRUST We continue lo manoge 151k) of iivergde sp(xe ot 5 ytes vke Ld the comrrwiity. inclvding Frenze BecL 0 12ho county VI11e stle on the outskwts ol DISL Over 4km of the liver hos been ¢xlively nK]noged IC canoe ¢xcess. viilh 53km being surveyed evw 2 months by vdunteer River wden5 lo ossess for access ond F)ollulion issues. Ckn pibt Natural Flood JlAanogemenf FWI has instaled 2 leoky darffj. planted trees ond reconnecled o tritrxjtory to its floodpkjin in order lo hold water in the londscape. Wellond scropes have been creoled 012 siles. holdng water flood benefit ond for ildlife in the landscape. The Waveney Form Cluster, Nutrient Use Efficiency Olect ond the Canoe Access & BK)diver5ity FKciec hove engaged with over tQ form5 through events, visits and advice given. The Woveney F(Jm Cthter now has 24 men1)5 covering over 6.1n) hectore5. 17 fam hove been aclively invdved in the Nutrienl Use Effiaency F410l. monitoring ter quafity Iwwng the field tairts ond how this reloles lo different lond uses. 7 folen tree5 have Telained the m(Mn liver chan, 2 in<h(mneE 'bemis' creoled and Éijjm of c(yr rcAb instdled Io Creole new hobilal l(x wkllile in the river. The invasive 5Fecies flting pennywcKt hos been controlled by hand. from canoes and the rivefbank. on 2.6km of the main liver. Inlerprelolion bwrds h(Jve been inslawed al I I riw5ide siles- covering wldile. heriloge and canoe 50fety. We have worked with l O different community goup5. 2 schoob and 36 partner organisalion5 on OUT projects. A lolol 0122 community events hove been deltvered- walks, talks and fomily events as well os succe55ful natvral flood monagemenl conference. We have wcxtted with 143 vdunleers for o lolol of 741 volunteer day5 across our prqecls. including citizen science woler testing al Fakon Meodow in Bungay 0$ part of ow new thing woter rxoiect. v1S hove received wofessior)ol tsaning where needed. e.g. H&S. water safety, lod vse. OUTLOOK The ovllook for Ihe futLve is rKiylive. BLIkjK on the success of fhis yeor. new FKqects have b8en idenltfied ond developed that w<xk towards the fve ot4ectives fiom the WKJ123 strolegy. Prqects devek)ped inchjje: Balhlng Waler deslgnaNon al F¢on Meadow In Bungay- to irryove water quality and increase community engagement through cittzen science ond events. Rlver Acce55 for All- building on the success ol the Conoe Access project, idenlifying and oddressing issues aflecling river users and continuing to improve habilol olong Ihe main river chonnel. Increaslng RI¥ ResHleThce- kjrger SCO river restorolion ot three tiibulary river slles, impromng the rivers ablity lo wilhsland climole chonge ond creating new habilal. This include5 cor)tinuation ol the succe55fLI NatLKal Hood Monagemenl pilol proiect. Waveney Forni Clusler and Nulrlent Use Ulklency proJecl- both ore sel lo continue. Vth the fcllm duster sel to eyEM]TrJ in v*ilh a rfftv locus on naknal flcM)d monogemenl and f(xffdond tird5.
RIVER WAVENEY TRUST Communlly engag•ment- devek)pmenl ol o community prciecl in Di55 is anned, alongside further work on p1051ic pollulion and betler coordinolion ol our existing vdunleers. ARas for inwv•mentr. os with gOn[sOfK)ns. there ore (reos that we could do better on. These have been identified os co(¥(finoting a belter supp1 netwotfr for w e$tIng vcAUn1ee. 5killng up ow sloff on def of larger rrver restOI10n F¥cryec15. financMJl management ond increasing (u rnerf reoch. Activilies pkjnned 2023124 inckKle the Tecruilment of o member of 51off lo co(N(thnale vdunlews through OLK community proiect. occe5sing ielevanl Iroining through the noliond Riv5 Trust ICDM. H&S. controcls lor construction work ond medmj Irainingl. building rdalionships wlh local media outlets and emtjoying the services ol o speciolist charity accixjnlanl. WaVY Fcffm CIu5terevent- Sk1 vp tL)th Rwfslaff ¢2ThY lcxmeff51landown3 FINANCIAL REVIEW Income has increased sleodty, trom o folal ol £121.672 in 21122 to £169.090 thi5 year. Designated reserves. which are reserve funds. have otso increosed slightty to £8,5CM)12022- £7.2271, ÈKJt unreslricled ncts have increosed from £9.227 10 £33.971. These hove increased due to beller finoncial management systems being FYJt in pkjce incKJding the secvring ol full cost fecovery on wqecl ndg. The reserves (Ye needed in cwder lo adhere lo our resetves poly of hokling >6 rwnlhs of running costs. bjl 0150 to reace Ihe enforcement undertaking civl sonclion received Ihol txoNided k-s1(lij fun(ts f restted pr(4ecl defivery ond devdopfflent. The m(#n finoncial rfjks lo Ihe ch(ty are the lock of a current Trustee Treasurer and the choNenge of enswng lundraising and fu cost recovery from gionls coveis Core costs, including fulty covering senior stoff salories. The retiring of the cuThenl volunteer treosurer wovided on oppcfflunity lo employ the seNce5 of a 5pecioli5t chorily accounting firm. who is taking on bookkeeking as well as [x0ding finonciol ond yJsiness svpport SeryeS lo Sen1 sloff. Fundlng Souices: the tweokdown ol income this yeor vfijs aplyoximolety 59% corporale grant ond dwecl sporL50rship. 31% governnI OnI fvnrfing. 5% trusts ond foundation5 grant Ivnding and 5% membership. events. donaticS ond other fLKKtraiThJ. The challenge for next year VAI be lo increase the percentage of 6(Ynl vrweStred Iorne and membership in order lo cover cce costs induding sol¢yy ond increc]se reserves. Tlis chalenge is seen across the chorify seclor. bul musl be od(tse cwdef to be suslc¥Th]ble.
RIVER WAVENEY TRUST Notwol Flood Monagement Pnot- reconnecting the rNer to its floodploin STRUCTURE, GOVERNANCE & MANAGEMENT Governing Documents: The Irusl is govemed by MeMandUM and articles of as50ciolion published on the Charity Commission and Trust Webles. These ole bosed on a precedent Used by all the UK Rivers Trus15 ond as odvised by Ihe Rivers Tnjsl Charity as good practice. Recrvllment and Appolntmenl ol Twslee Board Members: Recruilmenl of truslees follows the Trustee Recruilment Poficy as adopted in 2)13 ond reviewed annually. Open odvert15ing is used across a v(xiefy of platforms and applicants musl apply with a cover leller and CV. Appficants are sent the Iruslee recruilmenl pack contoining.. o copy of the latest accounts-, a copy ol the charity's goveming document-, Chority Commission Publicotion CC3- 'Respon5ibililie5 of Charity Trustees,; Trustee Dedarotion of Eligibility: Trustee iole de5cription.' Equal opportunities pdicy ond the Trustee recruitment policy. A nonwnaled person trom the boaid will then (yronge to speak lo the applicanl who will be invited lo attend o boord meeling as an observer. Following this. if bolh the board and the oppliconl wish to proceed, the applicant will be invited to join Ihe board al which poinl they will be required lo register with the Charity Commission vio the Compony Secretary. The TTU5t ore currently seeking a new Tiea5urer to join the Boafd. Responsibililies of the Trustee Board and Orgoftisalional Slruchjre: Our TTuslees oversee everything the chorily does. making sure we are fit for purpose and con Ji5e to the challenges the River Woveney ond ils calchmenl face. Trustees ore the most senior volunteers in the charity and work together Strotegical guide the Trust. There ore currently 8 Trustee Board Members who meet bpmonthly and ore responsible lor Ihe strategic direction ond policies of the Trusl. The T¥u51 allocotes areas of oversight lo Iruslees with the appropriate skills and experierbce ond is setting up sub<ommilees in order lo carry out this woth more
RIVER WAVENEY TRUST effectively. The Developmenl Manager atso attend5 the bi-monthly board meetings bul has no voting righls. Day lo doy iesponsibli ilies lor Ihe work of the Trust including management of stall rest wlh the Development Manager. The Development Manager is responsible for ensuring the charity delivers txojects in line with ils oims whli 5t following all policies and procedures to ensure a safe and rx)silNe working envwonmenl.
RIVER WAVENEY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2023 The Iru5tees. vtho ore the dwect(X5 fw th¢ purpose of corrpony w. and S8rv&d dufing the year and up tts the dale of sKJnolure of th¢ finanool ste[entS were.. K Boy5 (ApPnted I l Moy 2)231 O Berman {Appnted I l May 20231 J Bla IApwnled 2 Sepl-rnber 3J221 LMBond K Leod K Phillp5 T R StreNow RNGTwgge K L Stone D Bome5 G Broad G D Lasceles J Newbokl (Apponted l i May 3Y231 {Appnted I5epterye 3)221 IReygned I l May 3Y231 IRe*gned I l May 213} (Remgned 31 20221 IResvJned 31 IRe5vJned I l May Xll31 l(vslees' r¢port wos Op0ved by Ihe B¢)ry(l ol Tfu51ees. TN Dole:...-
RIVER WAVENEY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVER WAVENEY TRUST I roport lo Ihe Iru51ee5 my exorrinoFv)n of 1he financial stotert5 of RNgr Woveney Tru51 Ilhe charity) fu th8 yeor ended 31 Murch 2Y23. Responslbll•les and bogis of repwl As the Iw5t¢¢s of the chortty lund rls rfwedors for Ihe putpose5 of company lThJ you are responsbi le for the prÈporolion Dt the fnancKJI slotemenls n occJr(k]nce 1h Ihe r8(wir8menls ol the Companies Acl 2CM)6 It 2W6 Acti. Having Sotisf Myse thotr Ihe financnl stolements of the chorfly (xe pot requred to be oudited Lndei Part 16 of the 2006 Act or)d ale elgble for independenl exarMfJlK)n. I repul n r8spect of my exomintslitrn ot the ch(Jrity's finoncial stoternents corried out under section 145 of the Choiilios Act 2011 Ilhe 7 l Adl. kn coffwng out my exornination I hov& fdlowed al the apPab Diadicn5 gtven bythe CharityC0rrm10n under $ecliDn 14515llbl L)f the 7 l Act. Independenl exarnlnefs slolement I hove completÈd rny examincJlk)n. I ccth thaF no muMer5 hove coffE to my attenlion in connection wth the examinirtiorTr gryv)g Jre cov$e to beleve thot li ony mlerul respect.. occounting reco¥ds were r1 kepl n respect of the ch<xity os rqired by section XS ol the 21x16 Act, or the finoncknl slatremerbts do nol accord those recoTds; or the financiol stotement5 do nol wth thè otcounthng iequrements of section 396 01 the 2006 Act other than any requir&ment that the occounts gNe a true and foy ¥ifyw vknich nol o ryYJtter C{dered as port of un dependent exomiTrJtion; I the fmoneknl statenrnl$ h(r not been prewred in aCcOrd¢C8 1he melhods and pnnc4)les of the Slolernent of Rec¢ynmended Ptactrce accounltt ond repkng by chorilies apOlcab lo chorities prwcjring Iheir occovnts in accrdance wlh the Fknonaol Rep(x1r Standard applcoble in the UK and Republic ol *eland IFRS Ifftl. I hove no concerrt% and howe come across no other rmttets in connection %%iFh the exottinotion lo vthth tsmenfion should be &own in lh report in orderlo &nobb o proper under51on(fng oflhe finonaol stotem&nts to be feached. Hayden Watson EL51ree Hovse Walson's Yard High Street Cottenhom Cambridg8 CB24 8P.X Doted.. 10-
RIVER WAVENEY TRUST STATEMENT OF FINANCIAL ACTivfriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Told U1Yesh Reslrlded fvnd5 ds Total 2023 2ty22 Noles nc Donatiow ond legacEs Charitable actiwli8s knvestments 157,775 164a83 4.585 121 4.966 4232 814 110,634 1,027 115.600 5.259 814 3.917 121 Told Income 10,64é 158.443 169.(B9 lo12 121.673 R0i5ing funds 426 4.091 5.177 Chor51tsLle actmties 169.625 176.997 I92 107.671 112,2&3 Total expendlv 7.581 170,051 177.632 5.678 111.762 117.410 Net kKory4ngllwtgolng) resovrces befcrfe trunsfers 3.(kSS 18.5431 4M4 4,2&3 Gr¢)ss tronsfers be1ween fvnds 22.9&3 12Z9S31 193 11931 Net knet>mel{•xpen(knl the yearl Net movemenl in fvnd5 26,018 134.5611 1&5431 4,527 12941 Fund bunc8S al l 2022 16.454 151.965 135,805 147.732 Fund bgl(wKe5 atr 31 Mch 2023 42472 l(X).9&) 141422 16,454 135.sl I 151.9 The slcJtem&nl ol finonciol acthvtli¢s irtknde$ ol gon5 orvj Ios5e5 recogni%ed in thg yeor. Al income ond expendllvre detive from contnung octmlies. Tre stolemenl of fina.naol oclivities atso compEes Ihe reqvrements for on irrome and expenrfrture occount undei the Companies Act 3JO6. 11
RIVER WAVENEY TRUST BALANCE SHEET AS AT31 MARCH 2023 2022 Flxed 05sets Inveslments Cuvrent assets Debtors Co5h at bank and in hand 12 1&3.941 Is7.)7 164.525 158J)5 13 121.2)31 16,5rf11 Net current assets 143.Y22 151,965 Tolol ossets less ¢wrenlllobWles 143.422 151.965 Incom• Ivnth Reslrtled funds Unrestricted fun Designated Ivnd5 General Un51Cted funds 14 I(J).9 135.511 15 7.227 9.7 33.9n 41472 16.454 143.422 151,965 The company is entitd to Ihe exemption fvom Jhe ouofjl requwe1f contained n sectKJn 477 01 the Componies Act 3JJ6. lor the yeoi ended 31 March Ill3. The directors ocknowle<Jge thew re5PCW)5Q)CrtE5 ts comptyiig valh the requr8m8nts ol the Conyines Act 3Y)6 wilh respecl to occtyjnting iecorth ond the preparatK)n of oncK slatert& The members have nol reqvyed the conwny to (ItOin au(rrt of i15 statem8nts fry the yeor in question In occordonce wth seen 47& These financ1 statemen15 have been prepared in occ¢ydonce tt)e wo¥15$ appIc0b to companies subject to the smol componies regime. 19/,./ ncJl slolemnls were 0pprov* by the TnJ51ees on .. .. ... .... ... KLe Ynnl C¢mp¢ry regI51r(th ThvnberO8189846 -12-
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounllng pojlcles Chuffty iymallon RNer W(xveney TrL'St i% o comwrry firThted by guorontee ir£ted in Engl(md and Wals5. The+ reglored offe is CIO Woveney Pkn[la Cenlre. Grove Rood. BrDckcfth. D5, Norfok, IP214JP. 1.1 Accovnlkng Cerlon The financial ateMentS hove been prepued accord(Jnce th8 charlvs tgoveining documenti, the Companies Act 2(J)6. FRS 102 Yhe Finoncid Rep(yluig Slondord oppfroble in the UK ond Republic of Irekjnd" I FRS 102,1 the CharTlies SORP AccovnliTrJ and Rep(xlng by Chortlie5'. Statement of Recommended Practice opplicable to chorities pre1xrj Ihew accounts in accordance wth the finoncial Reporting Standard applcoble n the UK ond Repvbk of trthnd IFRS 1tr21" leffedNe l Jonvary 191. Ihe chafity 15 a Public Benefil Entty a5 defined by FRS 102. The ch<xity h05 taken acfvontoge ol pY0V10% in the SORP fc charilies nol lo prep0 a Staement of Ccxsh Hows. Th& Ilnanual Statements ore Kwored Vthh ts lh8 ftJncl)nal currency of the Ch([1¥. Monetary omovnts in these finonckjl 51olemen15 ore rounded lolho neorestr The ffinancl sfatefftnts hove been prep(wed undef Ihe hBlOOI cost convention. Imodffied to nckjde tho revcaJoion ol freehold wopertES ond to ncde inveslmenl arKJ eerlain f0101 inslTunnts ot fo volv81. The KxSnopol occountng pihYcEs odopted ore set ovl b4)w. 12 G concem Al Ihe lime of opprowng the financ1 sl(rtements. Ihe Injstees have o reasonuble ewectolion that th& chority has (Jdequote resources to con1i)ue operotiTriol extytence fcw the foreseeab fuhKe. Thus Ihe Ituste continue to odopt the going concem basi% of oceoun1ing Wep¢ng 1he firancl sla]etYEnts. Its CIKritoble UnrestrictÈd funds ole Ovab fot use at the rfwelM)n of the Iru51ees n fiJrtheranc8 of thek chorftoble objectiv&s. Restricted funds or& svblect lo speafic cOndrtL$ by dono5 ¢]5 to how they ffliry be v5ed. Ihe purposes ond uses of the re5trict8d lurKJs ore sel OLrt in Ihe notes to Ihe OI¢mnts. Endowment fvnds atE subject to speaTK C£(frt0rn by iJonor5 Ihal Ihe copilol musl be molntained by Ihe charitv. 1.4 Income Income Is recoLEed when the chartly enlrfkd to il ollef ony performance conths have been mel, the amwnts can be rnea5ed re50b, OkKI it rwobatAe Ihat Cr b8 rÈc81ved. Cash dar110n5 are recognsed on vecept. Olhei donalK)ns are recognL%ed Or the charty htss been nolrfiod of the donalion. Unle performonce condilions requie deletrol of Ihe orrwnl. Income tax recov8roblÈ in rol¢ition lo dontsllon5 recep vr.der Gfft AKI or deeds of coven1 reCOgned at the time of thÈ thnution. legacies are recogntsed on c¥ otheTW¢ rf the chty hos been notrfEd of an irnpendng di%tribLrtion, the omcxJnl ts known. and re¢p* u% expected_ W the umount t5 not known, th& kg¢)cy is treated 0$ a ci)nlingent 055et. 13-
RIVER WAVENEY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
IcolnUed)
1.5 Expendlwe
Exper,cl"ture TS recoontsed c¥)ce theo ts o 01 or conshudrve oNgalion to tronsf&r econonyc benefit to a thyd
parh/. rl 15 proboble that o transfer of econo b8neffts VM be required in selljement. ond the omouDI ol Ihe
obfooton con be meo$ured Idiow.
Fypenditure 1% c105srfi8d by aclivity. The costs of ocliwty ore mode up ot the lotc4 of direct costs and
shared costs, inckjding support cods )vofved in vndwl0kr eoch ac17. rect Costs attrbutable to a single
clwity or& olk)coted directy lo 1hot aclprity. Shared costs which contrbute to rrK)rÈ th(Jn i)ne octmty and
support costs are nol athbuldj to o octivitry tyc opportK)ned be1woen those aclrrfities on a basi
consistonl wth the vse ol resowces. Cenlrol stcrff cos15 alk)coled on the basi% of tin? sp8nt, and
depreciation ch
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting pokies (CC11ed) Dert¢ognRion offth¢yncialfiubiWr•s Frn¢101 (jbIllieS ore derecognis¢d vthen Ihe chority's controclual obaanS ewire or are diEcharged or conceled. 1.9 Employee benelRs The c05t of any unused holdcry enfth8m8nt 15 recojnked in the pericyj In whh the empk)yee's 5erwces ore received. T8rMTthon ben8fits ar& recognsed Im(lte 05 on expense bthen the ch(xtty t5 d¢nTh)n5trably cornrnltted to terminate the empbyrn1 of on emrth)yee tts twode leThrinalDn beneffts. Cfftical accoun11 eslkn¢rtes (mdhidgthne In fhe DppfEotK)n of the chority's occountir)g pLe$. the InJslee5 ore roqured lo tTr)ka judgèments, estimote5 and os5urrption5 ab(xJt the carryg arYN)unl of Cet$ and blhe5 thot (Ye nol reodity apparent from other sources. The e5timate5 and assocled a&sunyrS cxe bosed on h1cl eypetEnce and other fa0 that are considered lo be releyonl. Aclucjl resulls iTh)y (Iffer Irom these estrrKJte5. The estimot8s and und8tyro assu>1& are remewed c¥) an ongthng bas. Revi5K)ns lo accoLting ¢dimoto5 or8 recognised the period in whh the estiThJle red wtheTe th¢ remsion olf8d$ onty thut period, or In the period of the revryion ond future peri((ts where the reVK)n affects bolh curent and hjlure perKids. 15-
RIVER WAVENEY TrUST NOTES TO THE FINANCIAL sfATEAIENTS (COIffiNUED) FOR THE YEAR ENDED 31 MARCH 2023 rd 4.1 41d3 157.F75 I io*y 16-
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 CharitaLle acihifes 2022 so5 vAthh chorfloble oclivities 5.259 Andysls by Iwd Unre51ricted furids R¢strrled fun 3,917 4.232 l.ff27 5.259 Investm lunds 2023 Interest recor 121 814 17-
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL sfATEAIEKtS (COPm14UED} FOR THE YEAR ENDED 31 MARCH 2023 Tolul ¢*herJ co#s 786 41WI 4>11 Func1thr 4JJg1 5.177 5.177 18-
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charlkoble aclivrfles 2023 Sloff costs Projed dewvery cods Generol piojecls Training Prolessiwal iee$ Travel and v¢nue hwe Subscrptions Technicol e>ptsrts Computer costs Telephone hsuiance Repofv5 und maintenance and Pri)ting, poslage ond slotion8ry sclY Bank charges Llcences Olher chairful& eypenrfthNe 89,486 35,678 57.309 IW2 5,341 1,364 2,807 4,934 9,1 9,7&8 812 23,442 393 1,490 15.245 1.481 21 163 170 2,487 5,697 1,221 175,257 111,423 Share ol govemonce cos1513ee note 81 1,7&KJ 176.997 112.21Q Analy515 by luThJ Unrestricted funth RestrictÈd funds 7372 169,625 4,592 107.671 176,997 111263 19-
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 SuprJorf cosls 2022 cosls Support cos15 heocAng I 18401 Govemance c0515 hearfng I 1,740 1,740 84Q 1.74> 1.740 An0Se(l belween Functoi%ng Chairlable octpirlS 4,391 1.740 1.740 1,740 1,740 5,231 Trustee$ None ol the IDJStees lor (w)y persons comected Iheml eeNed ony remvnerotion c benefits from Ihe chartly dvring Ihe yeaT. 10 Empkny•es Th¢ ov¢rogg K)nth nuryber of erryk)yee5 thJmg Iheyecff wa 2tr22 Nurnlxr Ntx7er Employment cosls 2023 Wages and sakjit 89.486 57,1 Ihere were no emdoyees whose onnud remjnvolWo5 more thon £IAI.(XJJ. Toxa15on The chorrty is exempt from tax on and g<Jins folng WFlhln section of the Taxes Act 1988 or sectlon 252 of the Toxali)nof Chargeabk Gons Ad 19Y2to Ihe exlent thatr th8$8 are oppled lo its chorttoble objects.
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Deblorn 2022 Am¢)vrrt5 follng dvewlhln one Y. Tiade debtCK5 other debtors Piepayments ond accrvod ncome 998 998 13 C[•d[to nOunts fallng dvewllhkn one y¥ 2022 Trade creditors Accnjols and clefetred incor .363 6.076 21.3)3 21
RIVER WAVENEY TRIIST NOTES TO THE FINANC]AI STATEM&ITS {CONniiuED} FOR THE YEAR ENDED 31 AIARCH 23 14 AlkeqlWP5 11.%4yJ 14.106 96 .6371 7m Mapping .151 1595STJ I13] [3.1281 FPL NFhl riA671 IIM75J 02ATPI 19r3 21 WEF21tt2 1748J &6.. 1 31A È)U&%I WJ)54 77A36 116 17M28> 46J87 yJ.I .531 5.742 17.7841 9555 22,9$4 1ty).9
RIVER WAVENEY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 15 Deslgnutedfwds Ihe ineome fvnd5 of Ihe charily ncknde the fo1bvng desYJn(rted funds hcTve been Set oside out of unrestricted fund5 by the trust88s for sp8cfft pw)tsses= funds In¢on*ng Bdance at ¢X¥CeS 31 MuY¢hW3 Deslgnoted funds 7,227 1273 7,227 1273 8,5 16 Andy5T5 d assets bel¥Yeen hmd5 Tdal 1kn5tiicled Reslrfcted Tolol lund5 fund5 Fund bthnce5 at 31 IAarch 2023 are reryesented by.. Investments Current a5setslllablrliesl Ico Xl.972 143,Y22 1 &454 135.511 151,965 33,972 l(XJ.9Y) 143.4t2 16,454 I.517 151,965 17 Reloted paty knnsactlon5 Th were no di%closable rdoted POTtytransaction5 the ye<x13YZ2- nonel.