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 a￿￿unt$ 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 th￿e 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 C￿r￿n1 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 d￿Ument The Irust Is a company limrted by guarantee and registered as a chanty under the Charities Acl 2011. The c01r￿anY is governed by Its Memorandum and Art￿S of Association. The trust was InC￿rporated as a company on 17 March 2011 and registered by the Chaiilies ComnMsS￿n 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 Inte￿st 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 Kn￿￿e9- TiuS￿e 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 An￿nts 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 0￿1n an au(Jil of 118 f￿￿¢431 $l#iemenls for the year end8d 31 March 2025 In accordance wlh sectK￿ 476 oflhe Compar￿S Acl 2Tr)6. The truslees 8ckThyAedJe Iheir re$wngLNlitses for 181 ensur￿￿ that the thanlable company keeps xcountin9 recDrds th81 comply Sect￿8 386 aThJ 387 of the Companie$ Act 2006 8nd preparing financLqI slglemenls giv& A true and IBir vI8w ol Ihe ￿ale ol aff2if$ of the tharit8￿e 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 s￿leMen15 have prepared in accord8n￿ wilh Ihe prwsons 8prAical)IE lo ch￿tab 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