Charity registration number 1154348
Company registration number 07986475 (England and Wales)
BRISTOL AVON RIVERS TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

BRISTOL AVON RIVERS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr D WAtkin
Mr P C Coleman-smith
Dr J B Greaves
Mr T R Kjeldsen
Professor R A Skeffington
(Appointed 22 January 2024)
Secretary
Mr P C Coleman-smith
Chief Executive Offjcer
Mr S Hunter
Charity number
1154348
Company number
07986475
Registered office
The Oakley
Kidderminster Road
Droilwich
Worcestershire
WR9 9AY
Independent examiner
Colm McGrory
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Tridos Bank
Deanery Road
Bristol
BS1 SAS
Lloyds Bank plc
PO Box 1000
BX1 1LT

BRISTOL AVON RIVERS TRUST
CONTENTS
Page
Chairman's statement
Trustees, report
2-15
Independent examirber's report
16
Statement of financial aclivities
17
Balance sheet
18-19
Statement of cash flows
20
Notes lo the financial statements
21-34

BRISTOL AVON RIVERS TRUST
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
A word from the Chair
It 15 my absolute pleasure to reflect on another year of solid growth and achievement at BART. Year after year, Ihe
team grows in number, activity and, above all, impact within the Bristol Avon Catchment.
Over the last 12 months, the team has managed to increase income by c.300k to over £630k. This in itself is an
achievement worthy of celebration. However, it is not the money that matters. The real measure of success is whal
the team has done with these funds and the added value they have brought to bear, which, for such a small
organisation, is truly staggering. The increased income has allowed the team to invest in critical projects, enhance
habitats. Sutvey ecosyslems. prepare future projects and expand outreach and education activities, all of which
have had a tangible positive impact on the catchment and its human inhabitants. In the last 12 months, the BART
Team has engaged over a thousand volunteers and over 2,800 children in a range of activities. This is crucial work
in empowering future generations to become custodians of their natural world.
I would encourage readers of this report to take a moment and consider the scale of achievements summarised on
Page 5.
Our CEO has continued to deepen relationships with key organisalions in the catchment, demonstrating with every
opportunity BARTS reliability to deliver above and beyond expectations. This has truly placed BART as the deliverer
of choice with local authorities, water companies. our unitary authority and increasingly. private sector organisations.
Developing relationships in the corporate sector and demonstrating the value BART can bring to their organisations
is now a key focus of development.
The lasl year has seen Ihe expansion of the Board of Trustees to five. with a sixth member about to join the team.
This has brought new expertise to the Board and has brought forth a marked improvement in the governance and
support provided to the CEO. Focus for the Board has been on reviewing Policy. risk identification and
management. improving govemance pro￿sseS and providing greater support to our CEO and the wider BART
team. Our newest member of the team has specialist expertise in financial management. This skillset will provide
improved financial oversight and support to the CEO as BART continues to grow.
The Board looks forward to the exciting developments of Ihe next ￿e1ve months.
Dr J B Greaves
Chaimlan
Date..
0411112024

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Truslees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charitymemorandum and articles of association, the Companies Act 2006
and "Accounting and Reporting by Charilies.. Stalemenl 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).
Welcome from the CEO
Chief Executive Officer, Simon Hunter, reflects on another busy year
At Bristol Avon Rivers Trust (BART), we have experienced another dynamic and impactful year. Our team has
expanded significantly, growing from 8 to 12 members over the past year. As we look ahead to 2024. we are exciled
to welcome even more team members, marking yel another milestone in our continued growth and commitment to
safeguarding our rivers.
As a science-driven organisation, we place great value on data and statistics. You can find a snapshot of our 2023
achievements in numbers in the infographic later in this report. While these figures provide a glimpse into Ihe
tangible outcomes of our work, the true measure of our success lies in the less quantifiable aspecls-the strong
camaraderie among our volunteers, the deep connections we have fostered with farming and angling communities,
and the partnerships we have built wilh grassroots and governmental environmentsl organisations.
In 2023, BART undertook a variety of projects to benefit the rivers across the diverse catchments of Bristol, South
Gloucestershire, Bath & North East Somerset, Wiltshire, and North Somerset. These efforts have been sustained by
the collective contributions of individuals and groups, breathing life into the region's waterways. Key highlights
include the Bristol Avon Fish Recovery Strategy and the Action Plan for the River Chew, both of which have
significantly raised awareness of our local 'blue spaces., These initiatives have developed comprehensive plans to
improve fish migration to high-qualily spawning habitats, which the Trust is now actively implementing. Additionally,
our citizen science efforts have expanded. drawing in new volunteers and becoming part of a regional citizen
science pilot. in Gollaboration with stakeholders across the Bristol Avon catchment. l find myself immensely
privileged to oversee suGh a broad and impaGtful sGope of operalions.
The unwavering dedication and energy of our teams. both in the field and in core support roles, have enabled our
Trust to thrive despite the challenges of securing funding for BARTS growing team. We are deeply grateful for their
passion and commitment to achieving meaningful results for our region's rivers.
I would like to express my sincere gratitude for the unwavering hard work, passion, and dedication of our staff team
and Board of Trustees. Without their efforts, Ihe achievements of the past year would not have been possible.
United by a shared commitment to improving the water environment, we will continue to work tirelessly to achieve
our vision for a "clear future for our riverf the Bristol Avon.
As we embark on our 12th year, with many new inilialives on the horizon, we recognise that there is still much to be
done for our rivers and thank those who have been part of BARTS journey so far.

BRISTOL AVON RIVERS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities
Legal Purpose Charitable Objectives
Thè charitable objectives of Ihe Trusl set out in the Memorandum and articles of association are=
To conserve, prolect, rehabilitate and improve rivers streams, watercoLrrse5 and water impoundments of the
catchments comprising the Bristol Avon and South Gloucestershire streams including adjacent esluarine areas.
for the advancement of environmental protection or improvemenl for the benefit of the public.
To advance the education of the public or any association, institution, voluntary organisation, company, local
aulhorily or representative body in=
The understanding of rivers, river corridors and river catchments including their fauna, biochemistry,
economic or social activity and river management.
b. The need for, and benefits of, conservation. protection, rehabilitation and improvement of aquatic
environments.
The Trusts objectives correspond with the charitable purposes of advancing environmental protection and the
advancement of education as described in the Charities Act 2011. The Trust's activities meet the two key principles
of public benefit as follows..
Principle 1. There must be identifiable benefits which are clear, related to the aims and balanced against any
detriment or harm.
Principle 2. The benefits musl be appropriate to the aims and available to the public or seclion of the public and
private benefits must be incidentsl.
The Trust's work meets principle 1 through bringing about physical change to the rivers and streams with the
catchment through improvement to in stream riparian habitat and by working with the fomial catchment partnership
to Influen￿ plans and strategies involving water quality within the catchment to ensure that environmental
outcomes are represented within such plans. The Trust further works throughout the catchment lo shale these plans
at local and community level. The Trust's work aims to provide ecosystem services benefits to Ihe public through
improving water quality, preserving the habitat and food sources of endangered species, conserving the
environment and providing education about the aquatic environment to ¢ommunity groups and schools.
The Trust's work meets principle 2 through improving water quality and the natural environment for the benefit of all.
These include users of water in home and business, leisure users, and communities who live by the river as well as
schools and outreach organisations and volunteers using the river to improve levels of wellbeing in the community.

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Aims and Activities to Support Objectives
The Trust aims to protect. reslore and enhance the rivers. streams and riparian habitat, within Ihe Bristol Avon
Catchment. It aims to achieve this by working at all levels from local projects to catchment wide initiatives and at all
educational levels from primary schools to university, and through national initialives such as run by the Riveffly
Partnership, providing at all times that our mutual objectives are complimentary. Our principal aims are described by
Ihe following activity headings.
River & Land Management
We aim to protect and restore rivers that have suffered damage or whose habitats are under threat. Activities range
from restoring spawning gravels and improving fish passage to working with the farming community to improve soil
management practices where these detrimentally affect our rivers and streams.
Education
We work with schools. universities and community groups to engage people with their river and help them learn
about the challenge their rivers face in our modern world. We help groups play an active role in looking after their
local river through projects and citizen science. We aim to influence local policy and plans using our local
knowledge and through our membership of the Bristol Avon Catchment Partnership and our relationships with other
key agencies and utilities.
Partnership working
The nature of Ihe Trust's work is that partnership working. and public engagement are essential to delivery. The
Trust often works as a facilitator providing vision and finance for projects and bringing together the necessary skills
from a range of other organisations. Partnerships are formed for several reasons - working al catchmenl level with
the Bristol Avon Calchment Partnership, or within an individual project where skills do not exist within the Trust.
The Trust has continued to be a member of the Bristol Avon Catchment Partnership. a partnership set up to co-
ordinate the efforts of mulliple partners in improving water quality for the benefit of people and wildlife. The Trust
contributes considerable in-kind contributions in time and through raising funds to support catchment partnership
projects.
The Trust is also a Board Member of the West of England Nalure Partnership where it provides a Vol￿ for water
and is working to integrale aqualiG ecosystems into natures recovery.
Significant activities
Throughout the year, the Trust has secured funding from various sources. empowering it to spearhead numerous
initiatives and collaborative projects. These endeavours have encompassed a wide array of aclivities. yielding
benefits for both the public and the environment.
In light of the influx of additional funding opportunilies, the leam has adeptly accelerated its efforts to deliver for its
¢harilable objectives. This proactive approach has enabled the Trust to make substantial strides towards achieving
our objectives and has left a lasting impact on Ihe catchment.

BRISTOL AVON RIVERS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
This year the team has increased in size, to 12 paid members of the team, with further growth anticipated for 20241
25.
Arnong the most noteworthy operational achievemenls are-.
During the winter of 2023124, the team carried out habitat restoration and natural flood management across
several sub-calchments, including the Bristol Frome, River Chew, Cam Brook. Little Avon, and Sherslon
Avon. Activities included wetland creation, leaky dams. wildlife ponds, and river habitat resloration. These
efforts enhance catchment resilience to flooding, climate change, and biodiversity loss, while also
improving water quality and creating better'blue" spa￿S for public enjoyment.
The Trust has published the Brtstol Avon Fish Recovery Strategy to integrate river value into decision-
making across spatial planning, public health, and economic development. This strategy will guide
collaborative efforts to achieve the partnership's vision and objectives for fish populations in the Bristol
Avon catchment.
The Trust's collaboration with landowners has grown and is now a key part of our strategy. In early 2023.
we concluded a River Trust Defra Tesl & Trial program in the River Chew catchment. preparing farms for
the Environmenl Land Management scheme. To expand its work with landowners and build on the Test &
Trial project, BART submitted an expression of interest IEOI) for a River Chew, Cam & Wellow Farm
Cluster project to the West of England Combined Authority's Green Recovery Fund in late 2023. The
successful EOI led to an invitation to submit a full business case, which is now under review. If funded, the
project will establish farm cluslers to promote sustainable food production and nature recovery,
potentially linking Ihe Colswolds and Mendip conservation areas to boost resilience for nature and
communities.

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Volunteering at Bristol Avon Rlvers Trust
Volunteering at the Bristol Avon Rivers Trust (BART) involves participating in various citizen science programs and
hands-on activities to support river conservation. Volunteers engage in river fly monitoring, which involves sampling
and reporting data on river health, and take part in the River Detectives programme. which educales and involves
local communities in river stewardship. BART'S volunteers play a crucial role in collecting data, enhancing river
ecosystems. and increasing community support for river conservation efforts.
Over Ihe past 12 months, BART'5 volunteering efforts have significantly expanded. This growth has been driven by
new funding, which has enabled us to provide training and coordination in response to increased community interest
and awareness of local river conditions. The Trust has supported ils monitoring network through the Riverfy
Partnership, conducted several training events, and now has over 100 volunteer sites across the Bristol Avon. The
2023124 training sessions have led to monitoring new watercoursés and expanding exisling sites. Additionally,
BART continues its Smart Rivers invertebrale monitoring program to assess the health of the Chew, Cam, and
Wellow Brooks.
The Trust has launched new citizen science programs, BART Detectives and Water Guardians. in collaboration with
Wessex Water. To enhance water qualily moniloring amid reductions in stalulory monitoring, BART is spearheading
Ihe 'River Detectives, project. This initiative features an interactive map displaying Ihe colleded data on the Trust's
website. offering a more detailed view of river health across the catchment and training community members in
water quality monitoring.
,(,f3 ¢1,:
Image. Volunteer River fly Monitors, following their Iiaining
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and Perfomiance
To preserve this remarkable river catchment, we continue to collaborate closely with a diverse range of individuals
and organisations along the river, including farmers and landowners, environmental groups. communilies. local
authorities and businesses. Priorities for several Avon tribularies have been identified in partnership with our
stakeholders and in alignment with government policy. We have worked diligently to deliver these projects
effectively, ensuring they meet environmental objectives, offer value for money, and provide broader benefits to both
society and wildlife.
Over the past year, the Trust's standout achievements include expanding its citizen science and volunteering
programs through river fly monitoring and River Deteclives, leading to a substantial increase in community SUPPOrt.
BARTS network of volunteer river fly monitors diligently samples local rivers and streams. providing valuable data
on river health. Notably, BART monitors contribute more dala to the nalional Anglers, River fly Monitoring Initiative
than any other group in the country. Be￿een April 2023 and March 2024, BART monitors conducted 363 surveys
and were responsible for 7.3 /0 of all records submitted.
Additionally, the Trust remains deeply involved as a key delivery partner within the Resilient Frome Partnership,
actively participating in the Natural Flood Management Projecl Steering Group and developing and executing on-
Ihe-ground projects. The Resilient Frome project is funded by Defra as part of the £200 million Flood and Coastal
Innovation Programmes, managed by the Environment Agency. Thesè programmes aim to drive innovation in flood
and coastal resilience and support adaptation to a changing climate.
Trustees have continued to diligently review the Trust's policies.
Impact of Bristol Avon Rivers Trust (BART) In 2023-24
16.9 1000 224
137
371
92
•bJrJt F*¥>
6 1078 30
55
2828 148
Charitable activities
To ensure the vitality of our region's freshwaler environmenls, our teams are dedicated to a range of areas.
including land management, river restoration. river monitoring. mapping, community engagement, and school
educalion.
Our staff is deeply committed to enhancing riverine and estuarine ecosystems, which ultimately support the health
of marine environments. Below, we highlight some of the remarkable achievements from 2023124 that have
strengthened the health of our rivers, streams, and watercourses.
Continue reading to discover the positive impact our charity has made through various projects on the region's
rivers:

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Improving rivers to support wildlife:
Publication of the Bristol Avon Fish Recovery Strategy
In 2023, we were delighted to announce the completion of the Bristol Avon Fish Recovery Strategy
comprehensive plan aimed at addressing the challenges fish populations face within the catchment and identifying
opportunities for their recovery. The full strategy is available on the Bristol Avon Catchment Partnership's website=
htt s'.Ilwww.bristolavoncalchment.co.uklbristol-avon-fish-recove
-strate
Key Components of the Strategy:
Challenges and Opportunities: The slrategy outlines the primary challenges that fish POPLtlations in the
Bristol Avon face, such as habitat degradation, barriers to migration, and pollution. It also identifies areas
where intervention5 can most effectively support fish population recovery.
Guiding Principles and Multi￿e¢tOr Approach: A core component of the strategy is sts emphasis on
guiding principles for fish recovery. underscoring the necessity of a collaborative, multi-sector approach.
This approach brings together stakeholders from various sectors, including agriculture, conseNalion, and
urban planning, to work towards common goals.
Action Plan: Included within the strategy is a detailed action plan that outlines high-level actions needed to
facilitate fish recovery across the catchment. The plan also sets up mechanisms for monitoring progress to
ensure the strategy'5 goals are being met.
strategic Integration:
The Bristol Avon Fish Recovery Strategy operates at a strategic level within the catchment and the broader region.
It is integrated into several regional and environmental frameworks. ensuring its principles and adions align with
wider conservation efforts. Specifically. it is considered in the development and implementstion of=
The Local Nature Recovery Strategy ft)r the region.
Biodiversity Net Gain initiatives.
Environmental Land Management Schemes.
Additionally, the strategy is featured on the West of England Combined Authority website as a key regional
document, reflecting its importance in the region's environmental planning. By aligning with these strategies, the
Bristol Avon Fish Recovery Strategy plays a crucial role in promoting a resilient and biodiverse future for the
region's rivers and aquatic ecosystems.
BRISTOLAVON
RECOVERY STRATEGY
Image.. Brown tout is a key native species which the Bristol Avon Fish Recovery Strategy sets out to suslain and
increase populations
The Trust expre5ses its gratitude to the Bristol Avon Catchmenl Partnership for the funding provided through the
Bristol Avon Catchment Partnership project grant scheme.

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Enhancing the Sherston Avon, Wiltshire with woody structures
In autumn 2023, the Bristol Avon Rivers Trusl (BARD inilialed a major river restoration project on a 150-meter
stretch of the Sherston Avon near Easton Grey, Wiltshire. Funded by the Environment Agency Fisheries
Improvement Programme, The Halpin Trusl. and the Easlon Grey Fishing Syndicate. the project aimed lo improve
the river's ecological health through the installation of nine complex woody structures.
Following a 2022 river walkover with the Easton Grey Fishing Syndicate, the projecl focLrsèd on enhancing wild fish
habitats in response lo poor river conditions exacerbaled by groundwaler extraction and climate change. The river
had become overly wide and shallow, particularly in dry weather, which highlighted the need for structural changes
to improve flow and create deeper habitals.
The woody structures were designed to narrow the river channel, increase flow diversity, and develop new habitats.
These structures, built over three days by BART staff. volunteers from Mott McDonald. include slrategically placed
woody deflectors and hinged trees. The defleclors will help trap sediment and promote the growth of vegelalion,
while the hinged trees will restore natural habitat complexity-
These interventions are expected to enhance the river's resilience lo climate change. support aquatic wildlife. and
improve overall ecological health.
Image.. the BART team undertaking a detailed sile survey. and on the right. a hinged tree installed on the Sherston
Avon, to improve flow diversity and habitat to support wildlfe

BRISTOL AVON RIVERS TRUST
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Community Engagement:
Bristol Frome
BART hosted a range of commLbnily evenls across the catchment, with a highlighl being the ongoing work on Ihe
Brislol Frome. Funded by the Environment Agency's Water Environment Improvement Fund IWEIFI. this project
engaged diverse audiences on topics such as water quality, pollution, Sustainable Urban Drainage Systems, and
Natural Flood Managemenl (NFM).
The project achieved:
One school involved in our Eels in the Classroom project
Seven school events, such as lessons, field trip to our NFM work, river dips. Reaching a lotal of 378
children.
Four community events involving local beaver scouts and a general community event, reaching over 100
individual5.
Engaging one hundred businesses through our'only Rain Down the Drain, campaign, raising awareness
to businesses about the connections between surface drains and nearby watercourses. safe management
of waste material, drainage blockages and to discuss ways of minimising impacts of business activity on
water pollution.
Three familandowners engaged about the current health of the Bristol Frome, water quality
improvements, the increasing flood risk to downstream areas in the catchment and the benefits of
incorporating water-based improvemenls to their farmland and yield. Bespoke advisory reports were
created for the landowners to make these improvements.
An animatiorb aimed at enhancing understanding of the combined sewage system and the role of
sustainable urban drainage systems (SUDS) in mitigating their impact on discharge frequency.
Image.. Eel in the Classroom and a Lego house which formed part of the Trust's Sustsinable Water Usage school
project and a river dip event undertaken with a local primary school.
10-

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
South Bristol Communities Reconnected Project
In March 2023, the Bristol Avon Rivers Trust (BART) published an opportunity report for the rivers and streams of
South Bristol, identifying various river and habitat restoration possibilities within the Malago, Pigeonhouse, and
Collilers Brook catchments. This project is now putting community-level recommendations from the report into
action, with a focus on improving residents, well-being and strengthening their connedions to the blue-green spaces
in South Bristol.
The project was funded by the Bristol Avon Catchment Partnership project grant scheme.
Key initiatives Include:
Community Outreach.. Our team is delivering a comprehensive community outreach program aimed at
increasing people's wellbeing and fostering a deeper connection to their local rivers and green spaces.
Volunteer Education and Training: Our team is upskilling local volunteers to learn how lo restore river
habitat through Ihe delivery of three river habilat restoration projects. Volunteers joined our team
throughout, learning why restoration is important to support biodiversity and the techniques involved.
River EnhanGernent: A 1 OOM section of the Malago in Bedminster is being improved for both wildlife and
community enjoyment through the installation of woody debris.
Riverfly Monitoring Network: The Trust is setting up a rivertly monitoring nefmork across the South Bristol
river system to gain a deeper understanding of the ecological benefits of our restoration efforts and track
how the environment responds over time. This ne￿Ork will also help us identify any emerging water quality
issues.
These efforts aim not only to restore and improve local waterways but also to engage and empower the South
Bristol community. slrengthening the connection between people and their natural environment.
Image.. a river clean organised by BART working with volunteers on the Pigeonhouse Stream
11

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A Practical and Honest role
Bristol Avon Rivers Trust was founded as an adive organisation, and we are not afraid to get our hands dirty and
feet wet in order to make lasting improvements to the river and its Species. We have grown in size, knowledge, and
reputation over the past year to become a respected leading actor in environmental conservation in the Bristol Avon
Catchment, but we have always remained faithful lo our founders, ethos.
Bristol Avon Rivers Trust continues to act as a trusted intermediary belween govemment and business, and the
general public.
We will continue lo collaborate with all parties to achieve the best possible outcomes for the environment,
wildlife, and communities..
We will hold ourselves to the highest slandards of best practise, scientific understanding, excellence, and
professionalism., and
We will continue to build trust from our partners, stakeholders, customers, and supporters.
These pillars will support the standards of excellence and integrity thal the Trust has buift. enabling us to make a
real difference for which we strive.
Financial review
Rolling cash flow forecast, movement on restricted and unreslricted funds and working capital are the key financial
performance indicators which are assessed during the regular financial reporting to monitor performance.
Thanks to the Trust's ability to demonstrate its adaptability to funders throughout the year, confidence in the Trust
has grown. This has resulted in increased reserves and a strong pipeline of projects for future years.
The CEO conducted quarterly financial assessments in close collaboration with the Trustees to ensure the Trust
maintained a strong delivery focus throughout the year. Contributions from the consulting arm, BART River Services
Ltd, also helped diversify income.
The CEO. Head of Operations. and Finance Manager link business planning to budgets and projects. The use of
Xero ensures robust and controlled financial management. However, significant inflation over Ihe past 12 months
has stressed budgets. particularly for capital works. Contractual commitments are regularly reviewed, and for multi-
year initiatives, inflation increases are factored in.
While the fvnding and economic outlook remains uncertain. the Trust has significant contracted work for Ihe coming
year and a solid pipeline of work expected to be confirmed in the first three quarters of next year. As a result, the
Trustees are optimistic about the future.
The Trust is committed to using its reserves to further its charitable goals, considering the Maintenan￿ and
development of its workforGe critical to thal mission. The Trust's reseNe policy ensures that reserves are sufficient
to meel its projected needs. as consetvatively determined by the Trustees, who believe the Trust is well-positioned.
The attached accounts include a provision for deferred income related to projed expenditures where invoices have
not yet been received.
Reserves policy
It is the policy of Ihe charity thal unrestricted fvnds which have not been designated for a specific use should be
mainlained at a level equivalent to between twelve and eighteen month'5 expenditure. The Trustees consider that
reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the
charity's current activities while consideration is given to ways in which additional funds may be raised. This level of
reserve5 has been maintained throughout the year.
12-

BRISTOL AVON RIVERS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
The Trust is committed to continuing it5 efforts to achieve its goals in a professional and safe manner. The future
looks promising. with a wide range of projects planned for the upcoming fiscal year. These include creating a
floodplain wetland in the Chew Valley. Natural Flood Management projects across the Bristol Frome, eDNA fish
monitoring. multiple reach-scale river habitat restoration programs across the catchment, several weir removals I
easements, citizen science training events, scaling up our working with farms, and invasive species control.
The Trust will remain an active member of the Bristol Avon Catchment Partnership and West of England Nature
Partnership. contributing to strategic plans for improving the Bristol Avon at the catchment level and participaling in
partnership projeds as they arise. Additionally, Ihe Trust will continue to identify opportunilies to provide education
and advice on the river environment to schools and local community groups across the catchment.
The Trust will maintain its leadership in improving the River Chew and will extend similar efforts to the Cam &
Wellow Brooks. Bristol Frome, UpperAvon, Little Avon, and other rivers within the catchmenl as opportunities arise.
Structure, governance and management
Constitution
The company is registered as a charitable company limited by guarantee. established and conslituled by a
Memorandum of Association on 12 March 2012.
The charity operates under its governing document, a deed of trust, and is defined as a company limited by
guarantee under the Companies Acl 2006.
Method of Appointment or Election of Trustses
As of 31 March 2024. the Board of Trustees comprises five members with expertise in finance, accounting, risk
management. health & safety, research and academia, and public relalions.
The Board regularly reviews the skills and experience of its members and identifies any gaps. When necessary,
Board members leverage their networks to find suitable candidates with the required expertise to acl as Iruslees.
Trustee recruitment follows a defined process during which existing trustees seek and consider referen￿$ and
formally vote regarding any proposed new trustee. Successful applicants are required to complete and retum an
Information to be Disclosed and Declaration Form covering their status and eligibility to act as a Charity Trustee and
Company Director. New trustees are appoinled by the Board following an inilial meeting with the Chair and an
invitation to attend a Board meeting as a guest.
Policies for the Inductlon and Training of Trustees
New trustees receive an induction pack outlining Iheir roles and responsibilities. Ongoing training needs are
monitored by the Chair and CEO. The Board ofTrL5Stees also operates under a Code of Conduct.
Pay Pollcy for Senior Staff
The Chair of Trustees benchmarks staff salaries and reviews them as needed, making adjustments where
necessary.
Organlsational Structure and Decision-making
The CEO is responsible for the day-to-day operations of the Trust and reports to the Board of Trustees, which meets
four times per year. Belween Board meetings, the CEO consult5 wilh the Chair on key issues. such as financial risk,
and provides updates to the Trustees as required.
13

BRISTOL AVON RIVERS TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Risk Management
The Trustees are responsible for overseeing the management and control of Bristol Avon Rivers Trust (BARTI and
ils subsidiary, BART Rivers Service Lld. Thi5 includes overall control of risk management. particularly setting and
reviewing policy (at least annually and ad-hoc as well if required - e.g. due to an event or change in scope), plus
also the process parameters and reviewing outcomes.
Our risk identification process is led by the delegated Risk Management Policy holder (Tnjslee). Chair, and CEO.
This process covers all areas of risk, including financial, governance, operational, and reputational. An annual audit
of controls is conducted lo ensure effectiveness.
Day-to-day risk management and coordination are delegated to the Chief Executive, who reports lo the Board of
Trustees on the effectiveness of the risk management process, including any issues encountered and
recommendations for improvement.
The Trustees regularly review individual risks, assessing Iheir significance, potential impact, and likelihood of
occurrence. Current key risks include..
Loss of Key Staff & Recruitment Challenges.. A succession plan is in place, providing staff with CPD
support. appropriate notice periods for key individuals, and a health and wellbeing programme. Staff
contracts are regularly reviewed. with permanent contracts issued where suitable to reduce reliance on
temporary positions.
Reducing Dependen￿ on Limited Funding Sources.. The managemenl team has extensive experience in
fundraising from diverse sources. including statutory agencies, lotteries, and charilable trusts. The Trust
has consistently secured unrestricted funding and benefits from discretionary donations from supporters.
ile the Trust does not engage in direct fundraising campaigns. il continues to diversify funding streams.
Lack of Budget Control: The CEO, Head of Operations, Finance Officer. and Trustees ensure that
business planning is closely linked to budgets and projects. The use of Xero accounting sofvare
strengthens financial management. The Board has adopted a scheme of delegation, clear]y ouuining the
financial authority granted to staff, ensuring a robust and auditable process.
Inflation.. Significant inflation over the past 12 months has put pressure on budgets, particularly for capital
projects. Contractual commitments are regularly reviewed. and inflation increase5 are accounted for in
multi-year initiatives.
Failure to Meet Heahh & Safely Standards: The Trusl has a dedicated Health & Safety Director (Board)
and Health & Safety Manager (Staffj who implement a robust, annually reviewed policy. All slaff undergo
Health & Safety training and have access to a Health & Safety handbook.
Lack of Site Safeguarding.. The Trusl works with children and vulnerable adults across various activities. A
comprehensive safeguarding policy is in place, reviewed annually. A Safeguarding Officer is appointed
within the management team, alongside a lead Trustee. All staff receive safeguarding training, and
recruitmenl procedures striGlly adhere to the policy.
Global Pandemics.. While the impact of the Coronavirus pandemio has diminished throughout 2023, the
Trust continues to monitor the situation closely to ensure business continuity.
This structured approach ensures that BART remains resilient in the face of various risks. safeguarding both its
operations and long-term sustainability.
14-

BRISTOL AVON RIVERS TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of trustees, responsibllities
The Trustees, who are also the directors of Brislol Avon Rivers Trust for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance wilh applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prac11￿).
Company Law requires the Trustees to prepare financial stalemenls for each financial year which give a true and
fair view of the state of affairs of the charity and of the incoming resources and application of resources, including
the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Truslees are required to..
select suitable accounting policies and then apply them Gonsi5tently;
- observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudènt.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial ststements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and he￿￿ for tsking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Irustees, report was approved by the Board of Trustees.
Dr J B Greaves
Trustee
2811012024
15-

BRISTOL AVON RIVERS TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BRISTOLAVON RIVERS TRUST
I report to the Trustees on my examination of the financial statements of Bristol Avon Rivers Trust (the charity) for
the year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the charity (and also tts directors for the purposes of company law) you are responsible for the
preparation of Ihe financial stalemenls in accordance with the requirements of the Companies Acl 2006 (the 2006
Act).
Having satisfied myself that the financial statements of the charity 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 the charity's
financial statements carried out under section 145 of the Charilies Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b}
of the 2011 Act.
Independent examinerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm Ihat l am qualified to undertake the examination because l am a member of the
Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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 that in any material respect-.
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records. or
the financial statements do not comply with the accounting requirements of section 396 of the 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
independent examination. or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their accounts in aG¢ordan¢e with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
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 financial statements to be reached.
Colm McGrory FCA
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
16-

BRISTOL AVON RIVERS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
92.608
126,055
51,278
3,686
92,608
487,343
51,278
3,686
32.112
2,060
48.397
1,027
32,112
357.029
54,973
1,027
361,288
354,969
6,576
Total income
273,627
361,288
634,915
83,596
361,545
445,141
Expenditure on:
Charitable activities
196,786
375,517
572,303
3,062
368,563
371.625
Totsl expenditure
196,786
375,517
572,303
3,062
368,563
371,625
Net incomellexpenditure)
76.841
(14,229)
62.612
80,534
(7.018)
73.516
Transfers between
funds
44,881
{44,881)
Net movement in
funds
121,722
(59,110)
62,612
80,534
(7,018)
73,516
Reconciliation of funds..
Fund balances at 1 April 2023
206.404
69.634
276,038
125,870
76.652
202,522
Fund balances at 31 March
2024
328.126
10,524
338,650
206,404
69,634
276,038
The Statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
17-

BRISTOL AVON RIVERS TRUST
BALANCE SHEET
AS AT31 MARGH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
13
14
2.860
3,447
2,861
3,447
Current assets
Debtors
Cash at bank and in hand
16
122,316
605,356
94.014
414,688
727,672
508,702
Creditors: amounts falllng due withln
one year
17
(381,883)
(218,611)
Net current assets
345,789
290,091
Total assets less current liabilities
348,650
293,538
Creditors: amounts falling duo after
more than one year
18
<10.000)
(17,500)
Net assets excluding pension liability
338,650
276,038
Net assets
338,650
276,038
The funds of the charity
Reslricted income funds
Unrestricted funds
20
10.524
328.126
69,634
206,404
338,650
276,038
The company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies Acl
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies A￿ 2006
wilh respect to accounting records and the preparation of financial statemenls.
The mernbers have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial stalements have been'prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
18-

BRISTOL AVON RIVERS TRUST
BALANCE SHEET {CONTINUED)
ASAT31 MARCH 2024
The financial statemenls were approved by the Trustees on
2811012024
Dr J B Greaves
Trustee
Company registration number 07986475 {England and Wales)
19-

BRISTOL AVON RIVERS TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
27
195,913
113,040
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Investment income received
(930)
(2,790)
3,686
1,027
Net cash generated froml(used in)
investing activities
2,755
(1,763)
Financing activities
Repayment of bank loans
(8,000)
{8.000)
Net cash used in financing activities
(8,000)
(8,000)
Net increase in cash and cash equivalents
190,668
103,277
Cash and cash equivalents at beginning ofyear
414.688
311,411
Cash and cash equivalents at end of year
605,356
414,688
-20-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Bristol Avon Rivers Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is The Oakley, Kidderminsler Road, Droitwich, Worcestershire, WR9 9AY.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Igoveming documentl, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ('FRS 102.1 and the Charities SORP "Accounting 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). The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Imodified to include the
revaluation of freehold properties and to include investment properties and certain financial inslruments at fair
value]. The principal accounting policies adopled are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expeclation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1A Income
Income is recognised when the Gharily is legally entitled lo it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on re¢eipl or otherwise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
21

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit to a
third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligalion can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support cosls involved in undertaking each activity. Direct costs attributable to a single
aclivily are allocated directly lo Ihal activity. Shared costs which contribute to more than one aclivily and
support costs which are not attributable lo a single activity are apportioned belween Ihose aclivities on a basis
consistent with the use of resources. Central slaff cosls are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any irnpairment losses.
Depreciation is rewgnised so as to write off the cost or valuation of assets less Iheir residual values over their
usefvl lives on Ihe following bases=
Plant and equipment
250/0 Straight line
The gain or loss artsing on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the assèt, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs. and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction cosls are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefits from its activitie5.
1.8 Impaimient of fixed assets
At each reporting end date, the charity reviews the carrying amounts of it5 tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exisls, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalenls include cash in hand. deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabililies.
1.10 Financial instruments
The charity has elecled to apply the provisions of Section 11 'Basic Financial Inslruments, and Seclion 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneou51y.
-22-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fvture receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabililies, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing Iransaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If nol. Ihey are presented as non-currenl liabililies. Trade creditors are recognised initially at
Iransaclion price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Taxation
The Charity is exempt from corporation tax on its charitable activities.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's 5erviGes a
re￿ived.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimatss and judgements
In the application of the charity's accounting poli¢ies. the Trustees are required to make judgements.
estimates and assumptions about the carrying amount of assets and liabilities Ihat are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which Ihe estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both current and fvture
periods.
-23-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Donations and gifts
92,608
32,112
Income from charitable activities
Unrestrfcted Restricted
funds
funds
2024
2024
Total Unrestrlcted Restricted
funds
funds
2023
2023
Total
2024
2023
Charitable income
126,055
361,288
487,343
2.060
354,969
357,029
Grants analayis
Charitsble
activities
2024
South Gloucestershire Council
Wessex Water Services Ltd
Natural England
Halpin Trust
Environment Agency
Babcock International
Wiltshire Wildlife Trust
Brtslol Water
Garfield Weston foundation
Mossy Earth
Other
75,480
70.973
14,419
13,975
128,936
11.250
20.159
21.726
39.620
13,813
76.992
487,343
Income from other trading a¢tivities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restrl¢ted
funds
funds
2023
2023
Total
2024
2023
Fundraising
51,278
51,278
48,397
6,576
54,973
-24-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
3,686
1,027
Expenditure on charitable activities
2024
2023
Direct costs
Slaff costs
Depreciation and impairment
Travel and subsistence
Equipment
External Services
other
318,605
1,517
13,473
34.852
82,825
4,843
190,788
1,031
10,943
36.920
39,584
8,436
456,115
287,702
Share of support and governance costs {see note 8)
Support
Governance
102,635
13,553
76,890
7,033
572,303
371,625
Analysis by fund
Unrestricted funds
Restricted funds
196,786
375,517
3,062
368,563
572.303
371,625
25-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
2024
2023
Staff costs
Travel & subsistence
Recruitment
Building costs
offi￿ running costs
Other costs
Staff training
Governance costs
70,569
300
1,938
2,547
14,617
6.625
6.039
13.553
61,880
939
1,087
1,791
6,640
3,414
1,139
7.033
116,188
83,923
Analysed between:
Charitable activities
116,188
83,923
2024
2023
Governance costs comprise:
Accountancy fees
Professional fees
Independent examination
10.360
1,043
2,150
7.033
13.553
7,033
Net movement in funds
2024
2023
The net movement in funds is slated after chargingl(crediting):
Depreciation of owned tangible fixed assets
1,517
1,031
10 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year (2023- Nil). There were no transaclions with trustees during Ihe year (2023.. Nil).
11 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Truslees
Employees
11
Total
15
12
-26-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employees
(Continued)
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
334,778
27,545
26,851
220,152
16,852
15,664
389,174
252,668
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Total remuneration
114,323
103,344
12 Taxation
The charity is exempt from laxation on its activities because all its in¢ome is applied for charitable purposes.
13 Tangible fixed assets
Plant and
qulpmont
Cost
At 1 April 2023
Addilions
15,178
930
At 31 March 2024
16,108
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
11.731
1.517
Al 31 March 2024
13,248
Carylng amount
At 31 March 2024
2,860
At 31 March 2023
3.447
-27-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Fixed asset investrnents
Investment in
subsidiaries
Cost or valuation
At 1 April 2023
Additions
At 31 Mar¢h 2024
Carrying amount
At 31 March 2024
At 31 March 2023
15 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtor5
Prepayments and accrued income
109.224
68.862
3.892
21,260
13.092
122,316
94,014
16 Loans and overdrafts
2024
2023
Bank loans
18,000
26.000
Payable within one year
Payable after one year
8,000
10.000
8,500
17,500
17 Creditors: amounts falling due within one year
2024
2023
Notes
Bank loans
Olher laxation and social security
Trade creditors
Accruals and deferred income
16
8,000
9.868
43.836
320.179
8,500
6,560
9,924
193,627
381.883
218,611
-28-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
16
10,000
17,500
19 Retirement beneflt schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
26,851
15,664
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
-29-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
South Gouc Council: Bristol
Frome NFM
42,410
(42,253)
157
Riverhub
39,760
(39,760)
Water Guardians
16,628
(15,555)
1,072
Species Recovery- Cam &
Wellow
14,419
(14,419)
Stoke Brook- Forty Acres
Restoration
{43)
14,308
(14,265)
River Chew spawning trib river
restoration
13,975
(12.074)
1,901
South Glouc. Council,. Little
Avon Berkeley Estate River
Restoration
12.761
(11.456)
1,305
South Bristol Communities
Reconnected
9,040
{8,911)
129
Eastern Gray Restoration Ph.1
8,292
(8,170)
122
Bristol & Chew Water
Resources Project
8.200
(9,381)
1,182
Various Funders'.Riveffly 2023
7,000
(7,000)
Wilder Waterways Farm
Engagement
6.460
(6.460>
Gauze Brook River Restoration
4,788
(4,505)
283
BACP.'Our Blue Spaces
4,357
{3,739)
618
Keynsham Wier BANES CIL
3,301
(3,301)
The Rivers Trust:ELM T&T
9.237
(8,485)
752
Malmesbury NFM Engagement
River Marden Spays Farm
12,149
(11,572)
577
-30-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Restricted funds
(Continued)
Pickedmoor Rhine Restoralion
5.275
(6,018)
743
Siston Brook°Blue
Opportunities"
8,750
(6,748)
2,002
Thornbury River Project
3,178
{3,178)
SVR Wellow watercourse
opprotunties report
4,395
(4,352)
43
Cam Brook. Little Blew WEIF
14,340
(14.278)
62
Halpin Trusl.'UpperAvon & Little
Avon Projecl
8,663
(8.6631
Cotswold Conversation
Board:Little Avon delivery
6.643
(6.643)
Avon Wildlife Trust land Yeo
Farm Engagement
5,000
1,285
(6,285)
BACP.'Chew Valley Fish
Recovery Action Plan
9,957
(9,957)
South Gloucestershire
Council:B.Frome NFM
9,262
(9,262)
The River Trust.'Chew & Cong
Yeo Water Resources Project
(15)
9.788
(9.772)
DS Smith:Eel in the Classroom
2023
4.387
(4,387)
Natural England'.Cam & Wellow
Landowner Engagement
4,159
(4,159)
Natural England'.Cam & Wellow
Eel project
4,372
(4,372)
Mendip Hills AOB Unit-upton
Farm wetland
2,971
(2,971)
The D'oyly Carte Charitable
Trust.'Rivers for Wellbeing
3,379
(3.379)
BART CSR 2023
(311)
3,050
(2.739)
Riverblitz 2023
350
13,000
(13,350)
Easton Grey FIP
3,813
(3,813)
31

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Restricted funds
(Continued)
BART RS:NSC Goblin Combe
NFM
3,523
(3.523)
ADAS CSF
2,607
(2,607)
Other funds
61,130
10,932
{23,754)
(46,808)
1,501
69,634
361.288
(375.517)
(44,881)
10,524
21 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside oul of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incoming Resources
resources
expended
Transfers At 31 March
2024
General funds
206,404
273,627
(196,786)
44,881
328,126
22 Analysis of net assets between funds
Unrestrictsd
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investments
Current assetsl{liabilities)
Long term liabilities
2,860
2,860
335.265
{10,000)
10.524
345,789
{10,000)
328.126
10.524
338.650
Unrestricted
funds
2023
Restrlcted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Current assetsl(liabilities)
Long term liabilities
3,447
220,457
(17,500)
3,447
290,091
(17,500)
69,634
206,404
69,634
276,038
-32-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
24 Subsidiaries
These financial statements are separate charity financial statements for Bristol Avon Rivers Trust.
Details of the charity's subsidiaries at 31 March 2024 are as follows..
Name of undertaking
Registered
office
Nature of business
Class of
shares held
/0 Held
Direct Indirect
BART River Services Ltd The Oakley,
Kidderminster
Road. Droitwich,
Worcestershire
WR9 9AY
Environmental consulting
Ordinary
share
100.00
The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation
was as follows..
Name of undertaking
ProfiUILoss) Capital and
Reserves
BART River se￿ices Ltd
692
1,776
25 Limited company
The charity is a limited company but has taken advantage of the exemption available lo dispense with the
word'limited, after its name.
26 Share capitsl
The charity is a charitable company limited by guarantee. and as such does not have share capital.
27 Cash generated from operations
2024
2023
Surplus for the year
62,612
73.516
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(3,686}
1,517
(1,027)
1,031
Movements in working capital:
(Increase) in debtors
Increase in Greditor5
(28,302)
163.772
(39.829)
79.349
Cash generated from operations
195,913
113.040
-33-

BRISTOL AVON RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
28 Analysis of changes in net funds
At 1 April 2023
Cash flowsAt 31 March 2024
Cash at bank and in hand
414,688
190,668
605,356
Loans falling due within one year
Loans falling due after more than one year
(8,500)
(17,500)
500
7,500
(8,000)
(10,000)
388,688
198,668
587,356
-34-