REGISTERED COMPANY NUMBER: 07568224 (England and Wales) REGISTERED CHARITY NUMBER: 1150357 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR COTSWOLDS RIVERS TRUST Bronsens Chartered Certified Accwntants Eden House Two Rivers Buslness Park Witney Oxfordshire OX28 4BL
COTSWOLDS RIVERS TRUST CONTENTS OF ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Rofernnco and Admlnlslrativ• D•talls Report of the Trustees Independent Examlnevs Report statement of Flnancial Activities Balance Sheet Notes to the Flnanclal Statements 6 to 10 Dotalad Statemont of Financial Activiti08
COTSWOLDS RIVERS TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Mr A R W Bostock Mr T J Cramphom Dr R M Knowles Mr S V Payne Mr A P Smith Mr C D Whiiues Mr A M HaNey (appointed 1.6.24) Mr G J Chalk (appointed 1.2.24) REGISTERED OFFICE Coombe Nr Ashbury Northlew Okehampton Devon EX20 3PF REGISTERED COMPANY NUMBER 07568224 (England and Wales) REGISTERED CHARrrY NUMBER 1150357 INDEPENDENT EXAMINER Bronsens Chart8r8d Certified ArKountants Eden House Two Rlvers Buslness Parf( Wltri8y Oxfordshir8 OX28 4BL Page 1
COTSWOLDS RIVERS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trust88s who are also directors of the charity for the purposes of the Companies Act 20(. present their report with the financial ststements of Ihe charlty for the year ended 31 March 2024. The trustees have adopted tha provisions of Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to charittes preparing their accounts in accordance wilh Iha Financial Rewrting Standard applicable in the UK aThJ Reputlic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Th8 tnjsvs obiectivas aro to conserve, protect. rehabilitate and improva th8 Thames tribularias rising within the Cotswolds area of outstanding natural beauty. There has trEen Tr) change in these during the year. The trustees have paid due regard to gUvdan issued by the Charity Commission in deciding what actlvities the trust should undertake. ACHIEVEMEKf AND PERFORMANCE Charltablo actlvttles Funds have been secured for specific projects in the Evenlode and Windrush catchments and staff have been engaged to deliver th88e objectives. FINANCIAL REVIEW Financlal revlow During the year the tharity'5 total Income amounted to £52,133 (2023: £114.267) and expenditur8 was £56,187 (2023.. £28.722}. At 31 March 2024. total fuThYs stood at £140,545 (2023: £144.599). made up of unrestricted funds of £30.595 (2023: £37,400) and restricted fvnds of £109.950 {2023: £107,199). Resorves poliGy It is the policy of the trust that unrestricled funds which have not been dasignated for a specific use should be maint8ined at a level equivalent to bebmeen three and six Inth'S expendibjre. The tnjstses consider that reserves at this18V81 will ensur8 Ihat. in th8 ev8nt of a signifirxnt drop in funithng. they will b8 able to continue the trust's Currènt activiti8s while consideration is given lo ways in whlth additional funds may be raised. This level of reserves has been malntslned throughout the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov8min9 document Tha tnjst is a company fimitèd by guarantee and regtstered as a charity undar the Charities Act 2011. Th8 company is govemed by its Memorandum and Articles of Association. The trust was incorporated as a mpany on 17 March 2011 and registered by the Charities Commission on 7 January 2013. Organisational structure The tnjstees. who are also the directors for Ihe pu of company law. and who Seed during the year are listed on the tiua page. None of the trustees has any beneficAal interest in the company. All the trustees are members of the company. Approved by o of th8 board of trust on.. igned on its behalf by: rSVPayne rustee Page 2
INDEPENDENT EXAMINERE REPORT TO THE TRUSTEES OF COTSWOLDS RIVERS TrUST Independent examlnefs report to the trustees of Cotswolds Rivors Trust rthe Compan) report to the chlty trustses on my examination of th8 accounts of the Company for the year ended 31 March 2024. R88ponslblllties and ba818 of report As the charivs Irustees of the Company (and also its directots for the purposes of company law) you ar8 responsible for the preparation of accounts in ac£ordan(E with the requiremenLs of Ihe Companies Act 2006 (Ihe 2006 Acr). Having satisfied myseff that the accounts of the Company are not required tr) be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respert of my examination of your charlty's accounts as carried out under Section 145 of 1he Charities Act 2011 (Ihe 2011 ACV). In carying out my oxamination I havo followed the Direotions given by the Charfty Commission under Seclion 145{5) (b) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I that no matters have come to my attention in connectlon with the examination gmng me cause to believe: accounting re¢rKds were not kept in respecl of the Comp8ny as required by Seclp)n 386 of the 2006 the accounts do not accord with those records" or the accounts do not CA)mply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that thé accounts glve a true and fair view whith is not a matter consldered as part of an independent examination: or the accounts have rM)t b8en prepared in accordan with the meth(¥Js and principI8s of the Statement of R8¢ommended Practice for accounting and reporting by tharities (applicable to charities preparing thelr accounts In accordance with the Financial Reporting Standard appllcable In th8 UK and Republ of Ireland (FRS 102)). I have no ¢on¢ems and have come across no other matters In connectlon with the examination to whlch attention shoLAd be dravm in this report in order to enable a proper understandirvJ of the accounts to b8 r8ached. Phillp J Burton Bsc FCA Bronsens Chartered Ceitified Accountants Eden House Two Rivers Business Park Wikney Oxfordshire OX28 4BL Date." Page 3
COTSWOLDS RIVERS TRUST STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2024 31.324 Total funds 31.3.23 Total funds Unrestricted Resthd fd funds ICOME AND ENDoWMEfS FROM Donations and legacies 300 31.344 31.644 Charitable activitles Charitable activthes 3.768 16.500 20,268 114,227 Investrnent income 221 221 40 Total 4.289 47,844 52.133 114,267 EXPENDITURE ON Charftable activities Charitable activities 4.529 44.771 26,132 other 6,565 322 6,887 2,590 Total 11.094 45,093 56,187 28.722 NEf INCOMEI(EXPENDITURE) (6,805) 2.751 (4,054) 85,545 RECONCILIATION OF FUNDS Total funds brought foThffird 37,4C(I 107.199 144,599 59,054 TOTAL FUNDS CARRIED FORWARD 30.595 109,W) 140,545 144.599 The r¥)tes fonn part of these financial statements Page 4
COTSWOLDS RIVERS TRUST BALANCE SHEEr 31 MARCH 2024 31.3.24 Total funds 31.3.23 Totsl Jnds Unrestricted fund Restricted furKIs Notss CURRENT ASSETS Debtors Cash at bank 4.994 107.549 35,205 142,754 145.800 35.205 112.543 147.748 145,8LNJ CREDITORS Amounts falling due wfthin one year {4.610) (2.593} (7,203) (1.201) NET CURRENT ASSETS 30.595 109.950 140,545 144,599 TOTAL ASSETS LESS CURRENT LIABILITIES 30.595 109.950 140,545 144,599 NET ASSETS 30.595 109,950 140.545 144,599 FUNDS Unrestrtcted funds R8Strict8d funds 30,595 109,950 37,400 107,199 TOTAL FUNDS 140,545 144,599 The charitable company is entitled to ÉX8mpthJn from audit under Section 477 of the Companles Act 2006 for the year ended 31 March 2024. The members have not required the c4Nnpany to obtsln an audlt of Its flnandal statements for the year ended 31 March 2024 in accordance wilh Sedion 476 of th8 Compani8s Act 2006. The trustees a¢knOedge their responsfolities for ensuriThJ that the thaiitable cx)mpany keeps acfA)unting records that comply wlth Seclions 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the stste of affairs of the charitsble company as al the end of each financial year and of its surplus or defidt for each flnandal year in acci)rdance with the requirements of Sections 394 and 395 and vthich otherwise comply with the requirements of the Companies Act 2006 relating to finanrAal slatements, so far as applicable to the charitable cijmpany. (b) Th8s8 ffinancial statements have been prepared in ac(Xdan( with the provisions applirAble to charitab18 companies subjeci to the small companies rege. anci statements were approved by the Board of Trustees arKI authorised for issue on d were signed on its behalf by. Mrs ne- us The notes form part of these financial ststements Page 5
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES Basls of proparfng the flnanclal statements The financial ststements of the charitable company. which is a public benefft enity under FRS 102, have been prepared in accordance wlth thé Charfles SORP (FRS 102) 'Ac¢ountlng and Reporting by Charities: Ststement of R8comm8nd8d Practic6 aFolicable to charit18s pr8par#)g th8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of Iland {FRS 1021 (effectlve 1 January 2019),, Finandal Reportlng Standard 102 'The Finandal Reportlng Standard apICable in the UK and Republic of Ireland. and the Companies Act 2(N)6. The finanaal statements hav8 b88n prépared under the historical cost ¢vant10n. Income All income is reo)gnised in the Stateffent of Finanrial Activities once the carity has entiuement to the funds, It Is probable that the income wlll be recelved and the amount can be measured rellably. Expendlture Uabllltles are recognised as expendlture as soon as there Is a legal or constructive obllgatlon committing lh8 charity to that expdIture, it is probabl8 that a Iransfer of 8conomic beneffts will be required in settlement and Ihe amount of the obligation can be measured rekabty. Expenditure is accounted for on an a¢¢ru8ls basls and has been dasslfied under headings that aggregate 811 cost related to the cegory. Wh8r8 costs cannot directy aknbuted to particular headlngs they have been allocat8d lo a¢tNitl8s on a basis consistent tha use of r&8crfJrc8s. Taxation The charity is exempt from corporation tax on its dritable activities. Fund ac¢ounting Unrestricted funds can be used In accordance with the charitable objectives al the discretion of the trustees. Restricted fvnds can only be used for particular r8Strfct8d purposes within the obJ8Cts of the charity. Reslrfctlons arfse when speCifd by the donor or when funds are ralsed for particular restricted purposes. Further explanation of the nature afmj purpose of each fund is Included in the rotes to the financial ststements. Pan8ion costs and other postryrntiremont bgneffts The charitsble company operates a defined contribution pension scheme. Contributions payable to the charilable company's pension scheme are charged to the Statement of Financial Activities In th8 period to which they relate. INVESTMEKf INCOME 31.3.24 31.3.23 Deposit account interest 221 40 Page 6 continu&d...
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YFAR ENDED 31 MARCH 2024 TRUSTEES. REMUNERATION A14D BENEFrrs 31.3.24 31.3.23 Trustees. salaries 9,333 Trustees. expenses During the year three trustees received reimbuT8ement of expenses totalling £2.107 (2023: £2.089 to thre8 tfUSt88s). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrnES Unrestricted Restricted fund funds Totsl funds INCOME AND ENDoWMEfS FROM Charitable activities CharilaLrfe adivities 4.727 109.500 114.227 Investment incom8 40 40 4.767 109.500 114.287 EXPENDITURE ON Charltablo actlvltlgs Charltable a¢vilieS 1,281 24,851 26,132 Othar 2,590 2.590 Total 3,871 24,851 28,722 NEf INCOME 84,649 85,545 RECONCILIATION OF FUNDS Total funds brought forward 36,504 22,550 59,054 TOTAL FUNDS CARRIED FORWARD 37.4 107.199 144,599 DEBTORS: AMOUNTS FALLING DUE V¥ITHIN ONE YEAR 31.3.24 31.3.23 other debtors Page 7 contlnued...
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnu8d FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 A¢¢ru8d exp6nses 7,203 1.201 MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.423 Unrnstrictsd funds General fund 37.400 (6.805} 30.595 Rèstrlcted funds Evenlode Projects Windrush Recovery Project CAPS Fund Windrush Catchment Partnershlp Brian Woolf Trust Upper Coln R8Storation Group 18,000 59.699 22,OtM) 7.500 18,000 23A21 (36,278) (22.000) 22.000 5,880 3,680 29,469 35.380 3,680 29.469 107,199 2,751 109,950 TOTAL FUNDS 144.599 (4.054) 140,545 Net movemgnt in funds, included in th8 above ar8 as follows: Incomlng ResourcEs Movement r8sourc8S expended in fvnds Unrestrlcted fund8 Ganaral fund 4,289 (11,094) (6.805) Restricted funds Windrush Recovary Proj8Ct Windrush Catchment Partnership Brian Wwlf Trust Uppar Coln RostoratM)n Group (36,278) (1,620) (5.320) (1,875) (36.278) 5.880 3.680 29.469 7,500 9,000 31.344 47,844 (45,093) 2.751 TOTAL FUNDS 52.133 (56.187) (4.054) Page 8 contlnued...
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMEKfs - contlnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - nIInued Comparatlves for movaThnt In funds Net movem8nt in funds At 1.4.22 31.3.23 Unrestrlctsd fvnds General fund 896 37.400 Restrlcted fvnds Rivers. Wetlands atKI Communlty Days Evenl(Kle Projects Windrush Recovory Project CAPS Fund Windrush Catchment Partnership 4,550 18.000 (4.550) 18,000 59.699 22,000 7.500 59.699 22.000 7.500 22.550 84.649 107.199 TOTAL FUNDS 59.054 85.545 144.599 Comparative net movement in funds. included in the alyjve are as fdlows: Incomlng resources Resources expended Movement in fvnds Unrestrf¢tsd funds General fund 4.767 (3.871) 896 Restrlcted funds Rivers. Wellands and Community Days Windrush Recovèry Project CAPS Fund Windrush Catchment Partnership (4.550) {20,301) (4.550) 59,699 22,0 80.000 22.000 7.500 109.500 (24,851) 84,649 TOTAL FUNDS 114.267 (28,722) 85.545 RELATED PARTY DISCLOSURES Thare were related paty trdnsactK)ns for th8 year 8r¥Jed 31 March 2024. Page 9 continued...
COTSWOLDS RWERS TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 RESTRICTED FUNDS Th8 charltys restrided funds r81ate to the followiTh3 activities.. Rivrfs, Wetlands and Communlty Days Funding reiVed from the Wild Trout Tnjst to deliver rivertty vrkshopS and a project conference. Evenlode Projects Environment Agency funding to deliver three wojects in th8 Ev8nlod& catchmenl Wlndrush Rocovery Project Thames Water fvnding to employ staff to deliver spe¢ifi¢ obie¢tiV8s in the Windrush catchment. Wlndrush Cat¢hment Partnorshlp Environment Agency and Th8mes Water funding fcff the charity to take over the hosting role of the Windrush Catchment Prol8Ct. Brlan Woolf Trust Grant fundlng from the Trust for the charlvs adlvltles. Upper Coln Restoratlon Group A proj8Ct funded by donations fUsing on improving wat8r qualty in the River Coln. Page 10
COTSWOLDS RIVERS TRUST DETAILED STATEMENf OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2024 31.324 31.3.23 INCOME AND ENDOWMENTS Donallons and legacles Donations Gift aid 26,650 4,994 31.644 Investmonl income Depostt account intsrest 221 40 Charltablo actlvltleg Grants 20.268 114,227 Totsl incoming rèsources 52,133 114,267 EXPENDrruRE Charltabl6 actlvltla8 Twst88s' salaries Wages Pensions Sundrigs River Fly Workshop costs Seminar room hlre and costs Travel expenses Equipmént Protective dothing Upper Cdn Restoralh)n ProJ8Ct 9,333 6.642 38,546 1.874 766 5.584 2,022 2,830 2,794 2,189 142 55 1,875 49.300 26,132 Support costs Goveman¢o ¢08ts Trustees. expenses Insurance Telephone Postage and stationery Sundries Accountancy fees Riv8rs Trust member5hlp Website matntenance Bank charges 423 96 101 420 613 4,282 260 1,115 26 1,200 100 740 6.887 2.590 Totsl resources 8xpèThJed 56,187 28.722 Net (expendltureifincome (4,054) 85.545 This pag8 d08s not fixm part of the stalutory financial statements Page11