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Registered number: 08399778
Charity number: 1156118
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 2127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company, its Trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
9-24

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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Dr M Barnett
Mrs S M Cattell (appointed 28 November 2023)
Ms J J Jackson
Mr N J Marriner
Dr K Mccullagh
Mr C O Peers
Mr B S Piper
Mr D A Wales
Company registered
number
08399778
Charity registered
number
1156118
Registered office
Unit 16, Wheatley Business Centre
Old London Road
Wheatley
Oxford
OX33 1XW
Company secretary
Dr K Mccullagh
Accountants
James Cowper Kreston
Greenharm Business Park
2 Communications Rd
Newbury
Berkshire
RG19 6AB
Bankers
Barclays Bank plc
264 Banbury Road
Oxford
OX2 7DY
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and the financial statements of the company for the year ended 31st
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 charity's memorandum and articles of association, the Companies Act
2006 and "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 1st January 2019).
OBJECTIVES AND ACTIVITIES
The charity's objectives are to improve the quality and biodiversity of the River Thame and its surrounding
freshwaters and to improve public understanding, appreciation and enjoyment of the river catchment and its
wildlife. The Trust operates in Oxfordshire and Buckinghamshire and works with local people
volunteers,
farmers, and landowners - in rural and urban parts of the catchment to improve biodiversity of the river and its
surrounding freshwaters and to improve public understanding and enjoyment of catchments and their wildlife.
The Trust's activities include-
Improving biodiversity and habitat resilien￿ through practical works on-the-ground.
Increasing understanding of and monitoring changes in the bird, fish, insect and plant life of the Thame
catchment"
Improving water quality through engagement with landowners, farmers, the community and water
companies, as well as monitoring and reporting water quality in the river and its streams-
Improving knowledge, understanding and appreciation of the freshwater environment of the River Thame
through communication and engagement;
Increasing the recognition of rivers and streams in local planning frameworks.
Strategic principles
The Board continued to endorse the Trust's strategic priorities based on four themes..
Partnerships. The Trust will encourage delivery partnerships with other NGOS with complementary
interests.
Biodiversity. The Trust's Conservation Committee emphasised the need for a strong biodiversity focus,
concluding that project delivery programme should focus on a new high profile programme of
floodplain restoration, targeted in the mid and lower Thame.
People. The Trust's activities should continue to maximise volunteer led practical I citizen science
projects and community education programmes.
Financial Sustainability. The Trust should endeavour to diversify and enhance its income and to
strengthen its reserves in order to provide adequate working capital and financial sustainability, especially
as many project grants are paid retrospectively.
ACHIEVEMENT AND PERFORMANCE
During 2023124 the Trust again made substantial progress through successful delivery of projects, increasing
the number of volunteer activities, consolidating the fam) clusters and raising recognition of the Trust as a
reliable delivery partner. Such progress has helped the Trust bid successfully for projects under new national
initiatives such as Landscape Recovery and Biodiversity Net Gain. These projects are in line with the Trust's
medium and long term strategy requiring recruitment of additional staff both to deliver the projects and to
provide additional managemenufinancial support for a small, but growing charity.
Two key Projects delivered in 2023124
The Chalgrove Brook is a rare chalk stream featuring a population of wild brown trout, however the presence of
barriers and obstructions emerged as significant factors impeding the resilience and abundance of fish
populations. Funding from the Environment Agency (EA) Water and Environment Investment Fund (WEIF), was
used to create a bypass channel at Stadhampton Mill that allows fish to navigate past the old weir, thus
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
opening up approximately 3.25 km of vital chalk stream habitat for brown trout and other species.
The Chearsley Floodplain Restoration project created a wetland mosaic to increase ecosystem benefits like
aquifer recharge, nutrient filtering, reduced flooding, and habitat provision all while retaining the field as lush
grazing pasture for livestock. The project was made possible by working in partnership with Freshwater Habitats
Trust and the Environment Agency to design and deliver the new wetland on the ground. The project could not
have been undertaken without the support of the landowner and local farmer Rose Dale and was funded
through Defra's Green Recovery Challenge Fund and through our Environment Agency funded Engaging with
Farmers project. This site has become another stepping stone for wildlife along the River Thame floodplain
corridor, leading on from our first wetland project at Eyihrope.
Volunteer activities
Thanks to our dedicated volunteers and partners the Chiltem Rangers, over 400 meters of chalk stream were
improved as part of our Chalk Stream Strategy funded by the Environment Agency.
The Trust has run a course for volunteers to become certified Riverfiy monitors. Volunleers were trained to
accurately sample aquatic invertebrates, measure the health of rivers and monitor for pollution events using
Riverfly Monitoring Initiative (RMI) methods.
The Trust's Water Quality Monitoring Network continues to train volunleers to sample, measure, and record
data on a monthly basis from designated sites across the Thame catchment. The data collected is publicly
available and is enabling the Trust to better understand pollution sources, their ecological impact, the required
actions including engagement with regulators, the water industry and other parties.
Recognition
The increased recognition of the Trust's achievements and profile over recent years is shown by the award of
two projects which fall within new national initiatives to restore and maintain the natural environment.
Funded through the Department for Environment Food and Rural Affairs, (Defra) new Landscape Recovery
programme, farmers and landowners across Oxfordshire and Buckinghamshire are collaborating with
conservation charities to find innovative ways to secure a better future for the region's wildlife. A pioneering
project led by the Freshwater Habitats Trust and the Trust involves more than 90 landowners and other
partners. The project aims to protect and enhance wildlife and environmental resources, at a landscape scale
across the Ock and Thame Catchments while simultaneously meeting the vital need for high-quality food
produced by British farms.
Biodiversity Net Gain, commonly referred to as BNG, is a legal requirement in England aimed at offsetting
biodiversity loss resulting from development by improving habitat or creating new habitat either within the
development site itself, or offsite. BNG revolves around the central tenet that specified developments {e.g.
housing and infrastructure) should yield a net positive effect on the surrounding ecology, surpassing the pre-
development state. BNG is now a legal requirement- the Environment Act requires the majority of planning
consents in England to demonstrate a 10 /0 uplift in biodiversity (compared to pre-development).
One of the first national BNG projects is being undertaken by RTCT in collaboration with the Trust for
Oxfordshire's Environment (TOE) and a member of Thame Valley Farm Cluster.
Fam) Cluster
The Thame Valley & Lower Thame clusters have been amalgamated into the one large, joined-up. Thame
Catchment Farm Cluster, with RTCT acting as cluster Facilitator. More farmers with land along the Thame are
being invited to join the cluster to fill gaps in the network. The cluster is working towards a more formalised
structure which will allow for the planning of more strategic and significant gains. The cluster will continue the
farmer knowledge exchange programme and continue moving forward with smaller projects that all farms can
deliver.
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
New Staff
A part-time Financial Controller was appointed at the start of 2023124. New project budgeling and reporting
processes have provided greater transparency and accuracy to the Management and Statutory Accounts, and
particularly where overheads are not fully covered. Two new project staff have also been appointed for major
new projects starting from April 2024, as the charity scales up its activities.
Financial Review
With the new Financial Controller starting in April 2023. there were demonstrable improvements to the structure
and formatting of the quarterly Management Accounts, which has allowed the Trustees to better understand the
key drivers behind the financial performance. There were significant improvements in financial controls
throughout the charity, most notably the introduction of a new cloud-based time recording system where staff
record their time spent working on projects, allowing complete transparency, and enabling the efficient collection
of information for funders when funding claims are being made.
2023124 ACCOUNTS
During 2023124, incoming resources totalled £474,601 (2022123 - £481,161). This was a challenging year for
the charity though, with costs much higher than the previous year due to a number of factors, most notably the
additional staff costs, and higher than normal overhead costs. During the 2023124 financial year, approximately
113 of our Unrestricted Reserves were used. 2023124 is seen as a transitional year, caused by the amount of
time the project team spent preparing bids for long temi funding, as well as adjusting for the higher level of
salary costs now being incurred by the charity that arose from the both the increased headcount and cost-of-
living increases that could not have been anticipated at the time when bids for project funds were prepared.
It is expected that with two new large, long-term projects secured in 2024, the financial performance for 2024125
will likely show a big improvement.
GOING CONCERN
The Trustees consider that there are no material Un￿rtaIntieS that would affect the Trust's ability to continue as
a going concem.
RESERVES
At the end of this 12 month period the Trust had reserves totalling £515,293, made up by £337,946 of
Unrestricted Reserves, and £177,347 of Restricted Reserves, as set out in Note 18. During 2023124 surplus
funds totalling £150,000 were invested by the Charity in two funds managed by CCLA, which had a market
value of £161.125 as at 31 March 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is established as a company limited by guarantee and is govemed by its Memorandum and Articles
of Association dated 12 February 2013. It is under the control of the Board of Trustees. New Trustees are
appointed by the Board of Trustees.
The trustees, who are also the directors for the purpose of company law. and who served during the year and
up to the date of signature of the financial statements were-
Dr K Mccullagh
Mr C O Peers
Mr D A Wales
Dr M Barnett
Mr B S Piper
Ms J J Jackson
Mr N J Marriner
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Mrs S M Cattell
Approved by order of the members of the board of Trustees and signed on their behalf by:
rhéLI .7
eimiAcuJllW 17￿3￿?414.29'￿￿T IUTC411
Dr K Mccullagh
Trustee
Date.. 12 September 2024
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent Examiner's Report to the Trustees of River Thame Conservation Trust ('the
Company,)
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March
2024.
Responsibilities and Basis of Report
As the Trustees of the Company (and 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 the Company's
accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). 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 Statement
Since the Company'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 that l am qualified to undertake the examination because l am a member
of FCA, which is one of the listed bodies.
I have completed my examination. I confim 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 the 2006 Act other than
any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination- or
the accounts have not been prepared in accordance with the methods and principles of the 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)].
I have no concems 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.
This reporl is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's
Trustees those matters l am required to state to them in an Independent examiner's report and for no other
purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone other than
the Company and the Company's Trustees as a body, for my work or for this report.
Signed..
P.
Dated:
17 September 2024
Alexander Peal Bsc (Hons) FCA DChA
James Cowper Kreston
Greenharm Business Park
2 Communications Rd
Newbury
Berkshire
RG19 6AB
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Investments
558
1,009
27,564
2,597
1,567
470,437
2,597
3,991
477,170
442.873
Total income
443,431
31,170
474,601
481, 161
Expenditure on:
Raising funds
Charitable activities
Other expenditure
1,260
171,159
1,260
507,670
17,912
439,598
83
336.511
Total expenditure
336,511
172,419
508,930
457,593
Net incomel{expenditure) before net
gains on investments
Net gains on investments
106.920
{141,249)
11,125
(34,329)
11,125
23,568
Net movement in funds
106,920
(130,124)
{23,204)
23, 568
Reconciliation of funds:
Total funds brought forward
Net movement in funds
70,427
106.920
468,070
{130,124)
538,497
(23,204)
514,929
23,568
Total funds carried forward
177.347
337,946
515,293
538,497
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 24 fonn part of these financial statements.
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
REGISTERED NUMBER: 08399778
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Intangible assets
Tangible assets
Investments
12
1,813
4,697
161,125
3,469
7,218
13
14
167,635
10,687
Current assets
Debtors
72.157
294,292
210,605
473, 233
Cash at bank and in hand
366,449
683, 838
Creditors= amounts falling due within one
year
16
(18,791)
(156,028)
Net current assets
347,658
527,810
Total assets less current liabilities
515,293
538,497
Total net assets
515,293
538, 497
Charity funds
Restricted funds
Unrestricted funds
18
18
177,347
337,946
70,427
468,070
Total funds
515,293
538,497
The Company was entitled to exemption from audit under section 477 of the Companies Acl 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Acl with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
èimMc4XJlIa￿ 17Sep2UZ4 142908BSTIuTC411
Dr K Mccullagh
Date.. 12 September 2024
The notes on pages 9 to 24 fomi part of these financial statements.
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 General information
River Thame Conservation Trusl is a private Company limited by guarantee and incorporated in
England and Wales.
1.2 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ with the Charities SORP (FRS 102) -
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 Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
River Thame Conservation Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless othemise
stated in the relevant accounting policy
The charity has chosen to take advantage of the provisions in the SORP for charities to not prepare
as Statement of Cash Flows.
1.3 Going concern
The trustees believe, at the time of approving the financial stalements, that the charity has adequate
resources to continue in operational existence for the forseeable future. Therefore, the financial
statements are continued to be prepared using the going concem basis of accounting.
1.4 Income
All income is recognised once the Charity has entitlement to the income, after any performance
conditions have been met, it is probable that the income will be re￿iVed and the amount of income
receivable can be measured reliably.
Cash donations are recognised on receipt. Other donations are recognised when the charity has
been notified of the donation, except where peformance conditions require the defferal of the
amount.
Grants are included in the Statement of financial activities on a re￿1vable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, 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 classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs, including
support costs involved in undertaking each activity. Direct costs attributable to a single activity are
allocated directly to that activity. Shared costs which contribute to more than one activity and support
costs which are not attributable to a single activity are apportioned between those activities on a
basis consistent with the use of resources. Central staff costs are allocated on the basis of time
spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity- this is nom)ally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.7 Intangible assets and amortisation
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible
assets are measured at cost less any accumulated amortisation and any accumulated impairment
losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on
a straight-line basis over its expected useful life.
Amorlisation is provided on the following basis-
Website costs
33 /0 Straight line
1.8 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition. under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulaled
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.8 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following basis:
Plant and equipment
Computer equipment
20 % straight line
33 /0 Straight line
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Statement of financial activities.
1.9 Investments
Fixed asset investments are a fom of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses. whether realised or unrealised, are combined and presented as 'Gainsl(Losses)
on investments, in the Statement of financial activities.
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.11 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.12 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.13 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of the year.
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Restricted Unrestricte
funds
d funds
2024
2024
Total
funds
2024
Donations and gifts
558
1,009
1,567
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Donations and gifts
2, 996
995
3,991
Income from charitable activities
Restricted Unrestricte
funds
d funds
2024
2024
Total
funds
2024
Conservation
Grants and Project Income
442,873
27,564
470,437
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities (continued)
Restricted Unrestricled
funds
funds
2023
2023
Total
funds
2023
Conservation
Grants and Project Income
403, 598
73, 572
477,170
Investment income
Unrestricte
d funds
2024
Total
funds
2024
Total
funds
2023
Bank interest
2.597
2,597
Expenditure on raising funds
Fundraising and publicity
Unrestricte
d funds
2024
Total
funds
2024
Other fundraising costs
1,260
1,260
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RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds (continued)
Fundraising and publicity (continued}
Unrestricted
funds
2023
Total
funds
2023
Other fundraising costs
Staff Costs
2,520
15,392
2,520
15,392
17,912
17,912
Analysis of expenditure on charitable activities
Summary by fund type
Restricted
funds
2024
Unrestricte
d funds
2024
Total
2024
ConseNation costs
336.511
171.159
507,670
Restricted Unrestricted
funds
funds
2023
2023
Total
2023
Conservation costs
371,990
67,608
439, 598
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VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 17127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Other expenditure
Total
funds
2024
Loss on diposal
Unrestricted
funds
2023
Total
funds
2023
Loss on disposal
83
83
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Conservation costs
506.920
750
507,670
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Conservation costs
439, 098
500
439,598
Page 15

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 18127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs
Total
funds
2024
Total
funds
2023
Staff costs
272,408
5,161
954
932
209,410
5, 084
7, 135
615
Depreciation
Travel and subsistence
Telephone, internet and postage
Subscriptions
Professional fees - administration
Office rent
846
1, 128
6, 823
8,849
8, 900
712
4,088
14,037
6,292
1,605
574
Recruitment
Printing and stationery
Office equipment
Miscellaneous expenses
Information technology
Audit and accountancy fess
Conferences and marketing
Staff training
Conservation costs
238
{683)
11,899
16,126
9,936
5, 855
14,001
2, 836
4,212
151,596
1,768
693
169,087
2,610
106
141
Insurance
Bank fees
Trustee meetings and expenses
506,920
439,098
Analysis of support costs
Total
funds
2024
Total
funds
2023
Governance costs
750
500
Page 16

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 19127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Independent examiner's remuneration
2024
2023
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts
Fees payable to the Company's independent examiner in respect of:
All other services not included above
750
500
2,000
10. Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
231,950
19,582
20,876
192, 590
16,360
15,852
272,408
224, 802
The average number of persons employed by the Company during the year was as follows:
2024
No.
2023
No.
Employees
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
2024
No.
2023
No.
In the band £60,001- £70,000
11.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024. no Trustee expenses have been incurred (2023 - £NIL).
Page 17

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 20127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Intangible assets
Website
costs
Cost
At 1 April 2023
5,400
At 31 March 2024
5,400
Amortisation
At 1 April 2023
Charge for the year
1,931
1,656
At 31 March 2024
3,587
Net book value
At 31 March 2024
1,813
At 31 March 2023
3,469
Page 18

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 21127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Tangible fixed assets
Plant and
equipment
Computer
equipment
Total
Cost or valuation
At 1 April 2023
Additions
10,779
5,042
996
15,821
996
At 31 March 2024
10,779
6,038
16,817
Depreciation
At 1 April 2023
Charge for the year
6,747
1,805
1.856
1.712
8,603
3,517
At 31 March 2024
8,552
3.568
12,120
Net book value
At 31 March 2024
2,227
2,470
4,697
At 31 March 2023
4, 032
3,186
7,218
14.
Fixed asset investments
Listed
investments
Cost or valuation
Additions
150,000
11,125
Revaluations
At 31 March 2024
161,125
Net book value
At 31 March 2024
161,125
Page 19

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 22127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Debtors
2024
2023
Due within one year
Trade debtors
70,018
24,868
181,799
3, 938
Other debtors
Prepayments and accrued income
2,139
72,157
210,605
16. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
3,138
6,148
2,763
1,442
5,300
18,723
5,551
Other taxation and social security
Pension payable
Other creditors
Accruals and defe￿ed income
930
130,824
18,791
156,028
2024
2023
Deferred income at 1 April 2023
Amounts released from previous periods
Resources deferred during the year
29,000
(29,000)
2,000
71, 182
(71, 182)
29, 000
2,000
29,000
Deferred income is included within current liabilities within the accruals and deferred income figure
17.
Financial instruments
2024
2023
Financial assets
Financial assets measured at fair value through income and expenditure
294,292
473,233
Financial assets measured at fair value through income and expenditure comprise of bank and cash.
Page 20

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 23127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds- all funds
468,070
31,170
(172,419)
11,125
337,946
Restricted funds
Stadhampton Weir Bypass EA
Funded
133.500
{133,500)
Dorchester Weir- Garfield
Weslon
37.747
50,000
87,747
Dorchester Weir Bypass EA
Funded
Chalk Stream Strategy EA
Water Quality Monitoring
Chalk Streams FIPL CCB
Catchment Partnership -CABA
Defra Nature Based Solutions
Farmers Engagement EA
Funded
Mid Thame River & Floodplain
Rivers Week & Conference
Thame & Ock Catchment
Partnership
Water Vole Recovery
Community Action
SusThame
30,350
28,558
28,455
8,897
18,450
1,645
(30,350)
(59,558)
(28,455)
(8,897)
(14,850)
(1,645)
31,000
3,600
18,000
5,000
8,500
(18,000)
(5,000)
(10,180)
1.680
15,000
14,677
15,599
66.800
(5,000)
(14,677)
(2,599)
(3,800)
10,000
13,000
63,000
70.427
443,431
(336,511)
177,347
Total of funds
538,497
474,601
(508,930)
11,125
515,293
Page 21

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 24127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of funds (continued)
Statement of funds - prior year
Balance at
31 March
2023
Balance at
l Apnl 2022
Transfers
in/out
Income Expenditure
Unrestricted funds
General Funds- all funds
502, 144
74,567
(85, 603)
(23, 038)
468,070
Balance at
31 March
2023
Balance at
1 Apnl 2022
Transfers
in/out
Income Expenditure
Restricted funds
Bird Atlas Analysis
Catchment Partnership - CABA
Chalk Streams FIPL CCB
(693)
2,176
1.000
11,750
2. 800
74,201
(307)
(13, 926)
(2, 800)
(56, 787)
Chalk Stream Strategy EA
Dorchester Weir- Garfield
Weston
7,373
6,213
31,000
50,000
(12, 253)
37,747
Dorchester Weir Bypass EA
Funded
27,999
(27,999)
Farmers Engagement EA
Funded
3.929
35,105
3, 787
(39, 034)
(3, 787)
Green Deal FHT
HLF Water in a Dry Landscape
Chiltems
(124)
124
Mid Thame River and
Floodplain
NE Seedcorn
21,000
24, 868
(21,000)
(24, 868)
(1,988)
(4, 246)
OCE Fundraising
Riverfy Network
Rivers Week and Conference
SODC
Stadhampton Weir Bypass EA
Funded
1,988
1, 156
3.090
6, 680
(6, 165)
1,165
1,680
126,000
(126, 000)
(39)
TOE Project
TW Catchment Partnership
Funding
Volunteer Network 2023
39
4.000
(1,800)
14,314
1,800
(8, 875)
(4, 028)
(15,964)
(1,800)
4,875
5, 828
1,650
Water Quality Monitoring
Riverfy - Doyly Cart
12,785
406,594
(371,990)
23, 038
70,427
Page 22

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 25127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of funds (continued)
Total of funds
514,929
481,161
(457, 593)
538,497
19. Summary of funds
Summary of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
General funds
Restricted funds
468.070
70.427
31,170
443,431
{172,419)
(336,511)
11,125
337,946
177,347
538.497
474,601
(508,930)
11,125
515,293
Summary of funds - prior year
Balance at
31 March
2023
Balance at
1 Apnl 2022
Transfers
in/out
Income Expenditure
General funds
502, 144
12,785
74,567
406,594
(85, 603)
(371,990)
(23, 038)
23, 038
468,070
70,427
Restricted funds
514,929
481,161
(457, 593)
538,497
20.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Restricted
funds
2024
Unrestricte
d funds
2024
Total
funds
2024
Tangible fixed assets
Intangible fixed assets
Fixed asset investments
4,697
1.813
161,125
189.102
{18,791)
4,697
1,813
161,125
366,449
{18,791}
Current assets
Creditors due within one year
177.347
Total
177,347
337,946
515,293
Page 23

VithalSignatur8 Transaction Ref. 37Z2-6B67-FZTH 17 Sep 2024 14..29..11 BST (UTC +11 D 112 P 26127
RIVER THAME CONSERVATION TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior peri¢xl
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
7,218
7,218
3,469
3,469
683, 838
683, 838
(226,455) (156,028)
70,427
Total
70,427
468,070
538,497
21.
Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the charity in an independently administered fund. The pension cost charge
represents contributions payable by the group to the fund and amounted to £20,876 (2023 £15,852).
£2,763 (2023- £331) were payable to the fund at the balance sheet date and are included in creditors.
22.
Operating lease commitments
At 31 March 2024 the Company had commitments to make future minimum lease payments under non-
cancellable operating leases as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
843
12,240
843
1,686
12,240
23. Related party transactions
The Company has not entered into any related party transaction during the year, nor are there any
outstanding balances owing between related parties and the Company at 31 March 2024.
Page 24