ChaFHy reg151ralhJn nLvnber 114??¢SO
Te￿sIrakn 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
J￿0
(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. rep￿1
Independenl examinerfs Jep(xl
io
Sloternent of financ￿1 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 p￿70d 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. there1￿e gaining a repvtalion a5 csn effective
delivery orgOn￿all0n, 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 Fo￿d01￿1 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"t￿laneS 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 sup￿1 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:** 

- Two new part-time members of staff have joined the Trust on project delivery, 

- taking the team to 5 and the FTE to 3.2. 

- 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. 

**4** 



RIVER
WAVENEY
TRUST
We continue lo manoge 151k) of iivergde sp(xe ot 5 ytes v￿k￿￿e L*d the
comrrwiity. inclvding Frenze BecL 0 12ho county VI￿11e 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 w￿den5 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 t*airts 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 fl￿ting 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. v￿￿1￿S 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.
V￿th 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 supp￿1 netwotfr for w e￿$tIng
vcAUn1ee￿. 5killng up ow sloff on def￿￿ of larger rrver rest￿OI10n 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 Riv￿5 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.
WaV￿￿Y Fcffm CIu5terevent- Sk1￿ vp tL)th Rwfslaff ¢2ThY lcxmeff51landown￿3
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 ￿nd￿g. The reserves (Ye needed in cwder lo adhere lo our resetves
poly of hokling >6 rwnlhs of running costs. bjl 0150 to re￿ace Ihe enforcement
undertaking civl sonclion received Ihol txoNided ￿k-s1(￿li￿j fun(ts f￿ rest￿ted
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 [x0￿ding finonciol ond
yJsiness svpport Sery￿eS lo Sen1￿ sloff.
Fundlng Souices: the tweokdown ol income this yeor vfijs aplyoximolety 59% corporale
grant ond dwecl sporL50rship. 31% govern￿￿nI ￿OnI fvnrfing. 5% trusts ond foundation5 grant
Ivnding and 5% membership. events. donatic￿S ond other fLKKtrai*ThJ. The challenge for next
year VAI be lo increase the percentage of 6(Ynl vrweStr￿ed I￿orne and membership in
order lo cover cc*e 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 MeM￿andUM and articles of as50ciolion
published on the Charity Commission and Trust Web￿les. 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 st￿e[￿entS were..
K Boy￿5
(ApP￿nted I l Moy 2)231
O Berman
{App￿nted 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
{App￿nted I5eptery￿e￿ 3)221
IReygned I l May 3Y231
IRe*gned I l May 2￿13}
(Remgned 31 20221
IResvJned 31
IRe5vJned I l May Xll31
l(vslees' r¢port wos Op￿0ved 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 stoter￿t5 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 apP￿ab￿ Diadicn5 gtven bythe CharityC0rrm￿10n 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 r￿1 kepl n respect of the ch<xity os r￿qi￿red 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 rep￿￿kng by chorilies apOlcab￿ lo chorities
prwcjring Iheir occovnts in accr￿dance 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
lo￿12
121.673
R0i5ing funds
426
4.091
5.177
Chor51tsLle actmties
169.625
176.997
I￿92
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 bu￿nc8S al l
2022
16.454
151.965
135,805
147.732
Fund bgl(wKe5 atr 31 M￿ch
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 Un￿51￿Cted funds
14
I(J).9￿*
135.511
15
7.227
9.￿7
33.9n
41472
16.454
143.422
151,965
The company is entit￿d to Ihe exemption fvom Jhe ouofjl requwe1￿f 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￿ slater￿t&
The members have nol reqvyed the conwny to (*ItOin au(rrt of i15 statem8nts fry the yeor in question In
occordonce wth see￿n 47&
These financ￿1 statemen15 have been prepared in occ¢ydonce tt)e wo¥15￿$ appIc0b￿ to companies subject
to the smol componies regime.
19/,./
nc*Jl slolem*nls 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 i**ymallon
RNer W(xveney TrL'St i% o comwrry firThted by guorontee ir￿£￿￿ted in Engl(md and Wals5. The+
reg￿lored off￿e is CIO Woveney Pkn[la￿ Cenlre. Grove Rood. BrDckcfth. D￿5, Norfok, IP214JP.
1.1 Accovnlkng C￿er￿lon
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 pre1x￿r￿j 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 pY0V￿10￿% in the SORP fc* charilies nol lo prep0￿ a Sta*ement of Ccxsh
Hows.
Th& Ilnanual Statements ore Kwored Vth￿h ts lh8 ftJncl￿)nal currency of the Ch(￿[1¥. Monetary
omovnts in these finonckjl 51olemen15 ore rounded lolho neorestr
The ffinanc￿l sfatefftnts hove been prep(wed undef Ihe hBlO￿OI cost convention. Imodffied to nckjde tho
revcaJo*ion ol freehold wopertES ond to nc￿de inveslmenl arKJ eerlain f￿0￿101 inslTun*nts ot fo
volv81. The KxSnopol occountng pihYcEs odopted ore set ovl b4)w.
12 G￿ concem
Al Ihe lime of opprowng the financ￿1 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 fir￿anc￿l sla]etYEnts.
Its CIKritoble
UnrestrictÈd funds ole Ov￿ab￿ fot use at the rfwelM)n of the Iru51ees n fiJrtheranc8 of thek chorftoble
objectiv&s.
Restricted funds or& svblect lo speafic cOndrt￿L$ 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¢m￿nts.
Endowment fvnds atE subject to speaTK C£￿(frt0rn by iJonor5 Ihal Ihe copilol musl be molntained by Ihe
charitv.
1.4 Income
Income Is reco￿LEed when the chartly enlrfkd to il ollef ony performance conth￿s have been mel,
the amwnts can be rnea5￿ed re50b￿, OkKI it ￿ rwobatAe Ihat ￿Cr￿ b8 rÈc81ved.
Cash dar￿110n5 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 coven￿1 ￿ reCOgn￿ed at the time of thÈ thnution.
legacies are recogntsed on c¥ otheTW￿¢ rf the ch￿ty 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
Icol￿nUed)
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$ured Idiow.
Fypenditure 1% c105srfi8d by aclivity. The costs of ocliwty ore mode up ot the lotc4 of direct costs and
shared costs, inckjding support cods *)vofved in vndwl0kr￿ eoch ac1￿7￿. ￿rect Costs attrbutable to a single
clwity or& olk)coted directy lo 1hot aclprity. Shared costs which contrbute to rrK)rÈ th(Jn i)ne octmty and
support costs are nol athbuldj￿ to o octivitry tyc opportK)ned be1woen those aclrrfities on a basi
consistonl wth the vse ol resowces. Cenlrol stcrff cos15 alk)coled on the basi% of tin? sp8nt, and
depreciation ch<Tge5 ortr ￿)cated on the pcylI￿ of the ass8f's use.
1.6 Hxed tysel Iweslments
FNed Osset investrr￿Dts ore iryitwjly ￿￿O￿[ed at t[anX￿1￿)n wice excludng transact￿￿ costs, ond c¥e
5ub3equentty ffleasured (Jl faw vokn- al each rep(xliw date. ChongÈs n fow volue ore reCOgnts￿ in nel
comellexpenditurel year. Transaclion cosls cxe expensed 0$ T)¢urred.
An as50ciale 15 an entity. beng netlher a sub5i(fKJry n¢y o joiit venbxo. tyi whKh the charify hc4ds a long-temi
terest ond where the chcwity hos si￿￿￿0n1 infyjence. The chairty consider5 ttKIt tl has S￿niffcant ￿flUenCe
ere it hos the pwlet to p£￿1￿1P01e ￿ Ibe financ￿1 and opeithing deC￿lOn$ ot Ihe associate.
1.7 Cash cash eqL*•alents
Cosh ond cash equivobnts ￿¢￿Ide cash *) hand, dep05it5 hekj atr cal V￿th bank5. olh8r 5hort-t8Tm Fquid
Investtntrnt$ wth originul ¥t￿lUrit7e5 of Ihree m￿th5 ￿ ￿5$, and bor* ov￿ChaIts. Bonk ovevthoffs arts Shown
ithin bLYrowngs in CUJTent labffjties.
1.8 Flnanckjl kmtrumenls
The chority htss eleeled to opF* the wovfyons of SeclK>n T I 'BOS￿ ￿one1￿1 knstftjments, and Secthon 12 '0ther
Fè)oncknl Inslwm&nt$ tssve$' of FR5 102 to d of its ￿ana01 rk%twments.
Financ￿1 in5trum8nts aTe recognised in the ch¢yrlVs boky)ce sheet when the charfty become5 party to the
contractuol provision5 01 the inslwmont.
noncial assets and lia￿TIleS ale offset, V￿th the nel omounls presenled in Ihe financial stotements, fhere
is o bgoTry enlc*CeUb￿ righ7 to Set ott the recognlsed am¢Junts and there is an ffttenfi￿ lo selt18 on u n8t bosis
or to rea￿Se Ihe ossel and sett￿ the sThuMunew*.
8asi¢ fthonciol auets
Bcjsic fnancial ass¢15. wh￿h *Kknd¢ d¢btus ond cash ond bonk boknnces. uie Ir..it￿l￿ me05ured ot trowaclion
price Includlng tronsoctlon co￿5 and cye 5ubsequen1ty ci¥ried ul um(Ytue£l cosl using the effectwe interesl
meth￿1 unkn Ihe orrongemenl conslitules o ffnoncwig ttonsoetion. vtheie the tronsaction is meosured ut th?
present vokje Df the future rEC&Pt5 (fLscounled atr o mrk8t rate ol knterÈst. fincjnciol assels cbssffiÈd 0$
r8ceIVab￿ Ythhin one yearare not an￿rtiSed
Basic linuncul [k)t)￿￿¥s, tricluding creditors ond bonk kxJn5 Yirfiaty iecognised a4 Iiansaction price unless the
otrongernent consltEute5 0 fnancing transac1ion. Nthere the debt instrument 15 meoswed al the present value ol
the lulure poymenls cSscount¢d ot o market rote of i)lerest. Fviancwjl *JbthlE5 ck]s5rfEd as payab￿ within one
yeor ore not Omort￿e￿.
Debt irkfFrunEnts ore subsequenlty corried at amr**i%ed cost, u$ing the effectfve trtteresl rote method.
Trade creditcrt ore oblgothons to poy for good5 OT 5eYvice5 It￿1 hove been acquifed in th& ordinary course ol
operat￿rns frorn suppkn. Amount5 payab￿ ar8 ckjssmed cwrent riabiWtie5 rf p(ryfflenl s dve within one year
or l&ss. 11 nol. Ih8y pr8s*nled 05 nO￿tU[rent ffiobfjlies. TTixle c￿￿￿015 are reCOgn￿ed tran5acliDn
price ond subsequenlbi rr.eoswed ot am(¥ttsed c051 ￿r￿j Ihe effectThie interest melhod.
14-

RIVER WAVENEY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting pokies
(CC￿11￿ed)
Dert¢ognRion offth¢yncialfiubiWr•s
Fr￿n¢101 ￿(jbIllieS ore derecognis¢d vthen Ihe chority's controclual ob￿a￿anS ewire or are diEcharged or
conceled.
1.9 Employee benelRs
The c05t of any unused holdcry enfth8m8nt 15 recojnked in the pericyj In wh￿h the empk)yee's 5erwces ore
received.
T8rMT￿thon ben8fits ar& recognsed Im￿￿(￿lte￿ 05 on expense bthen the ch(xtty t5 d¢nTh)n5trably cornrnltted to
terminate the empbyrn￿1 of on emrth)yee ￿tts two￿de leThrinalDn beneffts.
Cfftical accoun11￿ eslkn¢rtes (mdhidgthne
In fhe DppfEotK)n of the chority's occountir)g pL￿e$. the InJslee5 ore roqured lo tTr)ka judgèments, estimote5
and os5urrption5 ab(xJt the carry￿g arYN)unl of C￿et$ and b￿lhe5 thot (Ye nol reodity apparent from other
sources. The e5timate5 and assoc￿led a&sunyr￿S cxe bosed on h￿1￿c￿l eypetEnce and other fa￿0￿ 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 accoL￿ting ¢dimoto5
or8 recognised ￿ the period in wh￿h the estiThJle ￿ r￿ed wtheTe th¢ remsion olf8d$ onty thut period, or In the
period of the revryion ond future peri((ts where the reV￿K)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
so￿5 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
¢*her￿J￿￿￿ 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
s￿clY
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
An0￿Se(l belween
Functoi%ng
Chairlable octpirl￿S
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
Ntx7*er
Employment cosls
2023
Wages and sakjit
89.486
57,1
Ihere were no emdoyees whose onnud remjnvol￿Wo5 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 2￿3
14
AlkeqlWP5
11.%4yJ
14.106
96
.6371
7m
Mapping
.151
1595STJ
I1￿3]
[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 fo1bv￿ng 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.