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 2025 FOR COTSWOLDS RIVERS TRUST Bronsens Chartered Certified Accountants Eden House Two Rlvers Business Park Witney Oxfordshire OX28 4BL
COTSWOLDS RIVERS TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Paga Referenc• and Adminlstrativè Details Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statemonts 6 to 10 Detailed Statement of Financlal Actlvltlas
COTSWOLDS RIVERS TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Mr A R W Bostock Mr T J Cramphorn (resigned 10.11.25) Dr R M Knowles Mr S V Payne (resigned 28.5.25) Mr A P Smith Mr C D Whittles Mr A M Harvey (appointed 1.6.24) Mr G J Chalk Mr T D Clark (appointed 30.8.25) REGISTERED OFFICE Eden House Two Rivers Business Park Witney Oxfordshire OX28 4BL REGISTERED COMPANY NUMBER 07568224 (England and Wales) REGISTERED CHARITY NUMBER 1150357 INDEPENDENT EXAMINER Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Witney Oxfordshlre OX28 4BL Page 1
COTSYIOLOS RIVERS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED JI W4RCH 2025 trustees who also directors of Ihe ¢h8rily tr the purposes of the Companies Act 2006. wesent thwr rerK)rt wlh Ihe finanryal statements of charty foi the year ended 31 2025 Tre trustees ha%e adopled the of AMInty and by Charit". Staiwneni ol Recomrrended PraetKe app%cth lo eharities Pfep3rmg aunt$ in aLrordarts with the Flnancigl Rtwtiro Slandaid arW1'cab in the UK and Reputs1 of Ireland IFRS 1031 leffeclive 1 January 20191. OWECTIVES AND ACTIVITIES Obieetives and alm$ The trust's objectives are to conseNe, protect. rehabililale and improve the Thames tributaries rising vilhin Ihe Cotswolds area of outstanding natural beauty. There has tfftn no change in these during the year. The trustee$ have paid due regard lo guidan issued by the Charity Commission in decldlng what actlvllles the lrnst shcdd undertake. ACHIEVEMENTS AND PERFORA14NCE Charitable a¢tlvhles Funds have been secured for speclfic projects across the Cotswolds and staff have been engaged In delivery. FINANCIAL REWEW Finandal revlew During the year the chanvs lolal income amounted lo £47,282 12024.. £52,133) and expenditure was £109.757 {2024= £56,187). Al 31 March 2025. lolal fijnds stood at £78,070 (2024.. £140.545}, made up of unrestricted funds of £40,583 {2024'. £30,595) and restricted funds of£37.487 {2024-. £109,950). Reserves policy It is the policy of the Iwsl that unrestrlcfed funds which have nol been designated for a speclftc use should be maintained al a level equlvalent lo betsveen the and six nw)nlh's expenditure. The Iruslees consider that reserves al this level will ensure that. in the event of a significant drop in funding, they will be able lo continue the Irusvs Crn1 activities thile consideration is glven lo ways In whlch additional funds may be raised. Thls level of reserves has been maintained throughout the year. STRUCTURE, GOVERNANCÈ AND MANAGEMEIIT Go¥erniTrJ dUment The Irust Is a company limrted by guarantee and registered as a chanty under the Charities Acl 2011. The c01ranY is governed by Its Memorandum and ArtS of Association. The trust was InCrporated as a company on 17 March 2011 and registered by the Chaiilies ComnMsSn on 7 January 2013. Organisatlonal$tw¢luve The trustees, who are also the directors for the purpose of company law, and served durfng the year are li51ed on the tllle page. None of the trustees has any beneficial Intest in the company. All the Irustees are mernbèrs oflhe company. AFvo¥th1 by orderofife b)ard oflrysiees on. .........,............ ............. ,..... sjgned on sts bth8Wty". Or R M Kne9- TiuSe P•J8 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COTSWOLDS RIVERS TRUST Independent examlner's report to the trustees of Cotswolds Rivers Trust ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibllities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your chariws accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statem6nt I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of Ihe 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an Independenl examination- or the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}1. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Philip J Burton Bsc FCA Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Witney Oxfordshire OX28 4BL 15 December 2025 Page 3
COTSWOLDS RIVERS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 234 14,633 14,867 31,644 Charitable activities Charitable activities 2,062 30,016 32,078 20,268 Investment income 337 337 221 Total 2,633 44,649 47,282 52.133 EXPENDITURE ON Charitable activities Charitable activities 5,354 93,854 99,208 49,300 Other 9,971 578 10.549 6,887 Total 15,325 94,432 109,757 56,187 NET INCOMEI(EXPENDITURE) (12.692) (49,783) (62,475) (4,054) RECONCILIATION OF FUNDS Total funds brought forward 30,595 109,950 140,545 144,599 TOTAL FUNDS CARRIED FORWARD 17,903 60,167 78,070 140,545 The notes form part of these financial statements Page 4
COTSWOLDS RIVERSTRUST BALANCE SHEET 31 MARCH 202S 31.3.25 Total runds 313.24 Tolol fLJn¢Ys Unrestricied Jnd Reslrlcled lunds Notes CURRENT ASSETS Deblors C8sh 81 ba 4,994 142.754 2S,078 79.796 104,876 25,078 79.7 104.876 147.748 CREOITL¥IS Annts fallin9 due lwihin one year 17.1751 119.6311 (26.8061 17.2031 NETCURRENT ASSETS 17.903 ,167 78.070 140.545 TOTAL ASSETS LESS CURRENT LIABILITJES 17,S¥J3 60,167 78.070 140,545 NET ASSETS 17,>)3 60,167 78,070 140.545 FUNDS Unreslricled kndB Resiricted funds 17.903 ,167 30,59S 109.9 TOTAL FUNDS 78,070 140.545 Th? ch8rIlab company is enlilkd to exernpb'an from audit under Section 477 of ihe C(Thpanies Act 2CQ6 for ihe year ended 31 March 2025. The Members ha nol required the company lo 01n an au(Jil of 118 f¢431 $l#iemenls for the year end8d 31 March 2025 In accordance wlh sectK 476 oflhe ComparS Acl 2Tr)6. The truslees 8ckThyAedJe Iheir re$wngLNlitses for 181 ensur that the thanlable company keeps xcountin9 recDrds th81 comply Sect8 386 aThJ 387 of the Companie$ Act 2006 8nd preparing financLqI slglemenls giv& A true and IBir vI8w ol Ihe ale ol aff2if$ of the tharit8e corThpany as 8t lh2 end ol eech fin8nci81 year of Ils svrplu5 or defiui for ead) fin8n(ial ye&r in accorLlance knlh the requiremenls of Sedths 194 ané 395 thich olheiwise tornply with the fÈquIEments of the CompanEs Act 2006 rel8ling lo nancial slalernen15 SD far as appllcable10 Ihe charitable company. The* finarK•èl sleMen15 have prepared in accord8n wilh Ihe prwsons 8prAical)IE lo chtab comparvd subjed lo the small compBnie$ giMe. The finarKi81 sl8lemenls were approved by the Board of Trustees and 8ulhcrfised i58U8 on . and wefe svJned ts beh811 by.. T R M Kn¢e8- Trustee The n018s f<Ym psrt oflhesefinanrial slalements P5
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'A¢counting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo 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. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the disGretion 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. P•n8ion costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. INVESTMENT INCOME 31.3.25 31.3.24 Deposit account interest 337 221 Page 6 continued...
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses During the year three trustees received reimbursement of expenses totalling £671 (2024.. £2,107 to three trustees). STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.25 31.3.24 Field officers No employees received emoluments in eX$S of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 300 31,344 31,644 Charltable activltles Charitable activities 3,768 16.500 20,268 Investment income 221 221 Total 4,289 47,844 52,133 EXPENDITURE ON Charitable activities Charitable activities 4,529 44,771 49,300 Other 6,565 322 6.887 Total 11,094 45,093 56,187 NET INCOMEI(EXPENDITURE) (6,805) 2,751 (4,054) RECONCILIATION OF FUNDS Total funds brought forward 37,400 107,199 144,599 TOTAL FUNDS CARRIED FORWARD 30,595 109,950 140.545 Page 7 continued...
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Olher debtors 4,994 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other taxes Other creditors Accrued expenses 21,949 640 460 3,757 983 440 5,780 26,806 7,203 MOVEMENT IN FUNDS Net movement in funds Al 31.3.25 At 1.4.24 Unrestricted funds General fund 30,595 {12,692) 17,903 Restricted funds Evenlode Projects Windrush Recovery Project Windrush Catchment Partnership Brian Woolf Trust Upper Coln Restoration Project Bibury Riffle Design CHK Foundation 18,000 23,421 35,380 3,680 29,469 1185) {20,844) (33,190) 9,000 {8,108) (6,456) 10,000 17,815 2,577 2,190 12,680 21,361 (6,456) 10,000 109,950 149,783) 60,167 TOTAL FUNDS 140,545 {62,4751 78,070 Page 8 continued...
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 2,633 (15,325) (12.692) Restrictod funds Evenlode Projects Windrush Recovery Project Windrush Catchment Partnership Brian Woolf Trust Upper Coln Restoratior) Project Salmon School Project Bibury Riffle Design CHK Foundation (185) 120,844) (40,691) (185) (20,844} (33,190) 9,000 (8.108) 7,501 9,000 14,611 1,038 2,499 10,000 {22,719) (1,038) (8,955) (6,456) 10,000 44,649 (94.432) (49,783} TOTAL FUNDS 47,282 (109,757) (62,4751 Comparatives for movement In funds Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 37,400 (6,805) 30,595 Restricted funds Evenlode Projecis Windrush Recovery Project CAPS Fund Windrush Catchment Partnership Brian Woolf Trust Upper Coln Restoration Project 18,000 59,699 22,000 7,500 18,000 23,421 {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 (4,0541 140,545 Page 9 continued...
COTSWOLDS RIVERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS - contlnuad Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 4.289 (11,094) (6.805) Restricted funds Windrush Recovery Project Windrush Catchment Partnership Brian Woolf Trust Upper Coln Restoration Project (36,278) {1 ,620) {5,320) (1,875) (36,278) 5,880 3,880 29,469 7,500 9,000 31,344 47,844 (45,093) 2.751 TOTAL FUNDS 52,133 156,187) (4.054) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. 10. RESTRICTED FUNDS The charitys restricted funds relate to the following activities.. Evenlode ProJe¢ts Environment Agency funding to deliver two habitat improvement projects on the Evenlode. Windrush Recovery Project Thames Water funded project to highlight and develop a series of restoration projects. Windrush Catchment Partnership Environment Agency funding for the Trust to host and grow the catchment partnership. CHK Foundation Funding to go towards the Trust's core costs. Brian Woolf Trust Funding to go towards the Trust's Gore costs. Upper Coln Restoration Project A project funded by individuals focusing on improving the water quality on the River Coln. Salmon School Project Funding from the Thames River Trust to deliver educational output at a local school. Bibury Riffle Fund Project on the River Coln at Bibury funded by a grant from the Environment Agency Water Environment Improvement Fund to design wetland and river habitat enhancements. Page 10
COTSWOLDS RIVERS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 13,856 1,011 26,650 4,994 14,867 31,644 Investment income Deposit account interest 337 221 Charltable activitles Grants 32,078 20,268 Total Incoming resources 47,282 52,133 EXPENDITURE Charitable activltl6s Wages Pensions River Fly Workshop costs Seminar room hire and costs Travel expenses Clothing and equipment Upper Coln Restoration Project Bibury Riffle Fund Windrush Catchment Modelling Windrush Recovery Project 48,240 600 268 62 1,236 38,546 600 1,874 766 5,584 55 1,875 22,500 7,270 18,360 672 99,208 49,300 Support costs Governance costs Insurance Telephone Postage and stalionery Sundries Accountancy fees Legal and professional fees Rivers Trust membership Website maintenance Advertising 70 106 27 1,378 7,285 341 393 844 105 96 101 420 613 4.282 260 1,115 10,549 6,887 Total resources expended 109,757 56,187 Net expenditure {62,475) (4,054) This page does not form part of the statutory financial statements Page11