Company registration number.. 08834787 Charithble Company registration number: 1157392 Essex and Suffolk Rivers Trust (A company limiied by guarantee) Annual Rew)n and Financial Stsiemen for the Year Ended 31 May 2023 Edtnund Carr LLP Chartered Accountants & Statutory Auditor 146 Nem" London Road Chelmsford Essex CM2 OAW
Essex and Suffolk RiTrers Trust Conlenls Reference and Administrative Detail% TTUStees Report 2to7 Independent Examiner's Rert Siaiement of Financial Aciiviiies Balance Sheei 10 Notes to the Financial Siatements I I to 22
Essex and Suffolk RiTrers Trust Reference and Administrative Delails Chairman A G Davies 110 4 Ociober 20231 A E Ruggles-Bri5e (from 4 October 2023) A G Davies Trusttes A Marnin-Edwards C l McArthur (Vice£hair to 4 October 2023) W H Robinson A E Ruggles-Bri5e ACJWood J M Burch IViceQhair from 4 Ociober ?023) D C D Dignum (resigned 4 Ocrober 2023) T L Arnold (appoint¢d 4 O¢iob¢r 2023) S L Morton (Treasurer) (ap)Inted 4 Ociober 20231 H C Wilkes lappoinied 4 Ociober 2023) A w(d$ lappoinied 4 (kiober 2023) Secretarv A wjdS Registered Office 8 Gorse Road Revdon Southwold Suffolk IP186NQ The chariiable company is incorporated in England & Wales. 1157392 Charitable companv Re815tration rsumber Cornpany Regi$tr41ion Number 08834787 Bankers CAF Bank 25 Kings Hill Avenue Kings Hill Wesi Malling Keni ME194JQ Colin Andrew Barker FCA Edmund Carr LLP 146 New" London Road Chelmsford Essex Independent Examiner CM2 OAW Page I
Essex and Suffolk RiTrers Trust Trustees Report The Essex and Suffolk Rivets Trust is both a reui51ered charity (number 1157392) and a re¥islered compdny limited by ¥llarantee Itlumber 08834787). The Trustee5. M'hose details are Set out on p¢ l. are both Truslees of the charity nd DireLtors of the company. This document reports on the activities of the Trust in the year to 31 May 2023 and lets out the financial accounts of the company for ihe same period. It aims io satisfy the renIng requirements that apply to the Trust as both a chariiy and a companv. This annual report also includes the requirements of a directs)rs' report, as required by company law. The financial statements have been prepared in accordance lIh the accounting policies sei oui in ihe noies to the accliunts and comply wirh ihe Twsi's Memorandum and Articles of Associaiion, Ihe Charities Aci ?0 I l and The Charities Statement of Recommended Prdciice (Financial Reporting Stsndard 1021. effeciive from January ?019. Objectives and 4Ctivitie5 Our objects for hICh the charity is esiablished are: io conscThe. proicct. rehabilitate and improve the rivers. streams. a[CrCoUrSe5. groundwatcrs and waier impoundnicnis of (he catchmenis comprising the rivers in Essex and Easi Suffolk. includinui adjacent esiuarine and coasial areas. for ihe advancemeni of environmenthl proieciion or improvemen( for the benefii of Ihe public. and to advance the educaiion of the public. or any insiiiuiion, volunw organisaiion. company, local authority or public body, in the understanding? of rivers and iheir caichmenis, including the need for and the benefits of conservation. proieciion. rehabiliiaiion and improyemenis olaquaiic environments. Rcpvliv ¢if ocilvlile.% ¢Tnilfuthre dei'elvpnienlf 'l-hi% ycar rcprcsciits a 5LbTnificanl iiicreasc in both the ambition #nd aeiivity for the Tru4t. Our leadership tsf two catchment partnerhip5 covering alm()st all our operational area (collabordtive governimeiit endnrsed riv¢r watcr%hcd planiiing and delivery group%) has p051tion¢d the Trnst in an increasingl). influeiitial role in tli¢ fight to tackle tli¢ dual challenges around climate change and nature re¢ov¢ry. LIKally and regionally tlie Trust is now recobjiiised for its con5151ent delivery and thoughtful. considered leadership. Durin8 this very successful year we: rai5cd £?69,632 in grant5 and donations. Carricd out 27km of river survey5 Restorcd 0.5 hcCtarcM2 of floodplain Restored over 500m of in-riyer habitat Planted over 300 trees led over 200 hours of volunteer activity". including Citizen Science wotk". littetpicks. invasive 5pecie5 control. Prodiiced 4 catchment partnership neM'slctter5. di5tril)uted to over 100 sub5cribet5 Built our online PTe5ence and increased our total follo.tr count by I1.8Q/o acr055 3 platfornJ5 (xrrwitter 40/D increase. Facebth)k 7.55 /0 increase and Insthgram 62.2 /• increase). Page 2
Essex and Suffolk RiTrers Trust Trustees Report We were Siiddened to hear in early ?02? of the seriou5 illness of Biendan Joyce OBE. our first Director. Ile joined the Trust in 20?0 and over two years made a significant ci)ntribulion to ihe Trust'5 ¥roMih and stdnding. BrendilTi upported the Trnst in reLtuiting a new Director before he stepped dowi frotn the position and we were delighted to be able to appoint Helen Dangerfield in Septernl*r 2022. In spring ?023. the Board weni through an open recruiiment pr{e$S for new Board members in anticipation of planned reiiremenis. Ne Board members were later fomially ap)ind ai ihe AGM on 4ih Ociober 2023. Our strong and diverse Board provides advice and guidance io ihe ieam through the Direeior. Trusiees come Irom consuliancy, businesses, banking. agriculture. a ater company and voluntary conservation bodies. The Board mei quarterly during the year. We thank all our Trusiees, volunieers. partners and funders for rheir on-going SUp)rt for the Trust in 2022123. We move inio the ?023124 financial year with ambiiious plans io fijrther develop and implemeni new projects. extend our reach. engage with partners and local communiiies. grow ihe organisaiion. and deliver even more for the waier environment. We have a part-time Direcior (3 days). a full-iime Adminisiraiion and Communicaiions Officer and a full-time Pr()jcci and Catchmcni 01cCr. Wc have no liability for any buildings. We are part of the Anglian Rivers Hub. which brings iogeiher local Rivers Trusts io share ideas. work touiether. and provide a collcciivc voice le.s>. on policy mailers). As hosts for the East Suffolk Caichmeni Partnersliip11--%CPI ai)d Essex Rivers Ilub IERHI e have 'OrK'ed on building capaciiv. caichmeni planning. coordinaiing Projects. ai)d upg?radingi websites. Durin&i ¢he year. ESCP auireed three ihen)es as a fuS for new projecis and LRI I ran a Ci¢iLen Science pilot io test different methods for colleciing da across Essex. With support from the Anglian Rivers Hub. we ran a sirdiegy mething with our Trusiees on 25 April 2023. Following funher work, our ¢hree-year 51raiegy will be published in 2023124. During? Ihe year we slrengthened our links Miih diverse organisaiions, including the Dedhan) Vale Nalioiial Landscape, Forestry Commission. Woodland Trusi. Affinily Waier. Anglian Waier. Environmenl AgFency, North Essex Farm Cluster, Upper Deben Fami Clusier and Naiure Recovery Partnerships. We coniinued our involvemeni in the Siralegic Advisory Group of Waier Rewurces Easi and. Ihrough our Direcior andlor Trusiees are coiinecled into the Anglian Water Gei River Posiiive Expert Paiiel and the Anglian Eastem Regional Flood and Coastal Committee. We were active partner5 in the £3.4 million InieTreg {EnglandlFrancel Waler for TomooW Projecl, which developed and iested innovaiive Mater managemeni iools and de¢ision-mak'ing support systems. We ran the F.ast Suffolk piloi projeci (April 2021 to March 20231. M'orking collaboraiively through Ihe F.ast Suffolk. Catchment Partner%hip to raisc awareness of water resources challenge5 and idcntify actions to secure sustainablc ahstractinll. Page 3
Essex and Suffolk RiTrers Trust
Trustees Report
Project delivery
Suffolk Water Environment Improi'ement Fund projetts
Rii'er Fynn: Plavford and Little Bealings= Over 31)0 trce% planted. livestock crossings instAlled to stop poaching by
Cdttle. and in-channel restoration works cornpleted.
River Ore: Producing designs 10 support Frdmlingham Town Council and ihe landoHY)er {the Cowopl in tonsulting
locally on actions 10 improve the River ihrough the iow'n.
Butle>' River.. Wantisden Park Estate.. Large H'ood sirnciures and inirihjuced gravel were used over a reach of
some 500 metres to create seven in
Essex and Suffolk RiTrers Trust Trustees Report Future work Initiatives on which we plan to take a leading role in ?02i124 include.. 1105tin¥ and 5UPPOrting developing catchtnent plans for the East Suffolk Catchrnent Partnership and the Essex Rivers I lub Catchment Partnership. Leadin¥ the partnership 10 deliver the Recovering Deben Source io Sea. a nationally importani pioneer project supported b> ihe Department for Environment Food & Rural Affai. Delivering further Water Environment Improvemeni Fund projecis with suppon from ihe Environment Agency in Essex and Surrolk. Leading further local actions 10 iackle invasive Himalayan Balsam. ContinLiing support for the Suff(klk. Cral'fish Projeci io recover endangered native crdyfish populations. Recruiting a Bluespaces Delivet) Manager io Ork in Pannership H'ith Essex & Suffolk Water in delivering (heir Bluespaces pros)ramme of projecis 10 improve the waier environment. t)evelopins) (he Blackwater Caichmeni Resiordiion Plan ro ideniify prioriry areas of the river and flLM)dplain for restoration and enhancemeni. Recruitin¥) a Projeei sUprt Officer io support our work on the Blackwaier Fluvial Audit which will reveal Ihe condiiion of the river. and Icad to crcaiion of a pipeline of projects. 'lThcse ouicomes will be shared io suppon local and rcuFional naiurc recovery plans and build sirong. cnduring delivery partnerships. ContinLiillb> 10 engagye the public through Ciiizen Science projects. Page 5
Essex and Suffolk RiTrers Trust Trustees Report Financial reie. Our accounts show in¢om¢ of £269,677 {2022= £158. 875). ¢xp¢nditur¢ of £166,559 (2022.. £137,115). and a n¢t surplus for th¢ year of £103.118 {20??: £?1.760). The year-tfryear variation reflects some tiining differ¢nc¢s b¢tw¢en income and ¢xp¢nditur¢ on projects {¢.g. th¢ incom¢ figur¢ in¢lud¢s a further donation of £75,000 r¢c¢ived from Anglian Wat¢r in April ?023). Our balan¢¢ sh¢¢i shoii's iothl fvnds of £159,369 (20??: £56,?511. Our main sources of in¢ome ore projeci grJnis and donwions. We received all the grnnt income expected in ihe year nd were able Lo show. our funders how. thi5 had been spent. We acknowledge. Miih ¥ratitude. critical funding towards core cosls an(Vor proj¢¢t cosls rff¢iv¢d from busin¢5S¢5. publi¢ bryli¢s. ¢haritabl¢ fundcrs and individual donors. Sigynifi¢ant siipport¢rs of our M'ork during the year included- Anglian Water Departmellt for Environm¢ni. Food & Rurnl Affairs Environment Abiency Essex & Suffolk Wai¢r John Lewis Partnership Saffron Buildinbv Soci¢iy Water Resources East We started developin8 a fundraisin8 Strniegy embrncing consultancy. Biodiversity Nei Gain {which offers pportLiniiies for river and wetland resioraiion Ihroubjh develop coniribulion%l. project byranis. corporaie fundrdising nd PLiblic donations. Follow'ing further work". lh¢ siraieby will guid¢ our fundraising Ork fro1 ?0?3124 oiiwards. Expenditure was in line wilh our budgei for Ihe year. Costs generally increased in line H'iih ihe expansion of our activities. On advice received when renewing our insurance. the increased LK)ih our Professional Inden)i)it)' cover and our Tnisiees liability insurdnce. We shall coniinue to keep our core costs under close review in 2023124. At the year-end. the Tnjst is in a stronger financial Position than in previous years and we are confident that it reniain5 a going concem. During the year kne 51rengthencd our 5taffin& delivered nem. projects. and identified new Pdrtner5hips. opportunitie5 10 grow our delivery ieam. and 5ignifi¢ant ne projects. to build on (bur achievemei)ts to date. Pulicy un reserves The carry forward balance 15 £159.369, including £16.177 of unrestricted reserve5. We have Y4 Current reserve policy of maintaining £20,000 of unTe5tricied reserves and with known fore¢a51 income will be in a good p051tion to meet this in 2024. Risk rnanagement The Trust has a Comprehensive Risk Re¥isier and the Trustees coniinue io monitor risks io (he business. Our banking arrangements with CAF Bartk are robusi and aecouniable. with two signaiories required on all significant transactions. In our day-to-day work. we have a strong focus on healih and safety. particularly as regards lone working, and have strengthened our risk assessment processes. Page 6
Essex and Suffolk RiTrers Trust Trustees Report Publie benefit The Trustees confim that they have tomplied with the requiretnents of section 17 of ihe Charities Act 2011 to have due regard 10 the Charity Ci)mmi%sii)n's guidance on Public Benefit in reviewing the Trnst's aims and tsbjectiwes and in planning its aLtivities. Small cornpanies pfoviSiOD St4l¢ment This report has been prepared in acconlance with ihe small companies regime under the Companies Aei 2006. Th¢ annual report was approved by th¢ TnJst¢e5 of th¢ charitable conipany on 27 Febwary 2024 and 5igii¢d on its b¢h8lf by.. A E Ruggles-Brise A E Ruggles-Brise Chairnian and Trustee Page 7
Essex and Suffolk RiTrers Trust Independent Examiner's Report to the Irusteess of Essex and Suffolk Rivers Trust ("the Compan) ) I report to the ¢horitable Company Trusiees on my examination of the accounts of the company for the year ended 31 May 2023 which are set Qui on pagcs 9 10 22. Responsibilities and basis of report As thc chariiy '] rustecs of the company land also its direcrors for the purposes of company law) you are responsible for ihe prepardiion of the accounts in accordancc wilh the requirements of thc Compwiics Acr 2006 {'rhe 2006 Act'l. Having satisfied myself that ihe accounis of the company are nor required ro be audiied under Pan 16 of the 2(K)6 Act and arc cligible for indepcndcni cxaminaiion. I rcpon in rcspcci of c¥aminaiion of your compan}"% accounts as carricd oui under scciion 145 of the Chariiics Aci 2011 {-Ihe 201 l Aci'l. In cartving oui mj examination I have followed thc Directions given by the Chariiy ConimissioD under seciion 145(5Xbl of ihe 201 l Acr. Independent examiner's statemtnt ince ihc Loinpan>'s biross inLome exceeded £?50.(M)O your examiner must be a member of a body liSd in section 145 of (he ?0 I l Act. I confirn) ihai l am qualified 10 undertake ihe examinaiion because l am a member of The Instiiute ol'chanered Accounianis in England and Wales. Which is one of the lisied b(hJies. I have conipleted my examinaiion. I confim) thai no mallers have come my attention in connection wi(h the examination s>iving) me causc io bclicye.. accounting records were noi kept in respeci of the Company a5 required by section 386 of the 2006 Aci,. or 2. the p¢¢ounts do not accord with those rttords: or 3. the accounis do noi comply wilh Ihe accouniing requirements of section 396 of the 9006 Act other than any requirenieni that the accounts give a 'irue and fair vieM"' uhich is not a matter considered as part of an independent examination: or 4. the accounis have no¢ been prepareil in accordance wilh the meihods aiid principles of the Stsieinent of Recommended Praciice for accounting and reponing by chariiies applicable to ¢hariiies PTepariiig their accounts in accordance with the Financial Rew)rting sndard applicable in the UK and Republic of Ireland (FRS 1021. I have no concem5 and have come across no other matter5 in connection *ith the examinarion to which attention should be drawn in thi5 reixirt in order to enable a proper understanding of the a¢)Unts to be reached. C A Barker Colin Andrew Barker FCA 146 New London Road Chelmsford LM20AW 27 February 2024 Page 8
Essex and Suffolk RiTrers Trust Statement of Financial Aetivities for the Year Ended 31 Ma), 2023 (Ineluding Income and Expenditure Aeeount and Other Comprehensii'e Ineome) Toial 2023 Total 2022 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Investment income Oth¢r income l.J59 268.003 269.362 158.875 199 Total income 1.674 ?68.003 ?69.677 158.875 Expenditure on: Charitable activities 4.498 162.061 166.559 Total expendiiure 4.498 162.061 166.559 Net lexpendiiurellincome Net movemeni in funds ?.8241 105.942 103.118 21.760 1?.8?4) 105.942 103.118 21,760 Reconciliation of fund5 Total funds broughi forivard {restaiedl 19.001 37.250 56.251 34.491 Total funds carried forn¥ord 15 16.177 143.19? 159.369 56.251 All of th¢ ¢hariiable ¢ompany's a¢iivities derive from ¢ontinuing operations during the above two periods. Page 9
Essex and Suffolk RiTrers Trust (Registration number: 08834787) Balanee Sheet as at 31 Ma), 2023 2022 2023 Note (As restated) Fixed Asseis Tangible assets 4J7 965 Current assels Debtors Cash at bank and in hand 12 13 2.459 162.56? 1,700 58,304 165,021 60.004 Creditors: Amounts falling due within oThe ve4r 14 (6.0891 (4,7181 Net current 4S5ets 158.93? Net as5et5 159,369 56,251 Funds ofthe charilable cornp4nv: R¢'slriLILd lunds Unrestricted funds 143.19? 16,177 37.250 19,001 Total funds 15 159.369 56.251 For the financial year endin& 3 l Ma>. ?023 Ihe charitable company was entitled io exempiion from audit under section 477 of the Companies Act 2006 relating io small Companies. Dire¢tor5' responsibilities- The members have not required the Company io obt#in #n audii of its ac¢ount5 for the year in question in accordaM¢e with sectiorh 476.. and Thc dircctor5 acknowledge their responsibilities for complying with the requirements of the Act with respect to accountin¥ re¢ord5 and the prepardtion of accounts. These financial statements have been prepared in accordance with ihe special provisions relating to companies subject io the small companies regime wiihin Pan 15 of the Companies Aci 2006. The findncial 5taiemenis on pages 9 22 were approved by the Trus(ees. and authorised for issue on 27 February 2024 and s1Cd on their behalf by: A E Ruggles-Brise A E RUles-Bri5¢ Chairman and Trustee Page 10
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 I Charitable £offtpany status The charitable company is limiied by guaraniee. incOrwrad in England & Wales. and consequenily does noi have %harc capital. Each of the members is liable to contribute an amount noi exceeding £ I rowards the asseis of the chariiable conipany in ihe eveni of liquidation. 2 Aeeountirtg polieies Sumrnary ofsignificant accounting policies and keTr' &ccounting estirnates 'l-he principal accouniing policies applied in ihe prepardtion of these financial sratements are set out below. These policies have been consisienily applied io all ihe years presenied. unless oiherwise staled. Siatement of ¢omplianc¢ 'l-he Iinancial siatements have been prepared in accordance wilh Accouniing and Reporting by Chariiies.. Siaiement of Recommended Practice lapplicable to chariiies preparing their accounts in accordance wilh the Fii)ancial Reportinb Standard applicable in the UK and Republic of Ireland IFRS 10?)) (issued in Ociober ?0191- (Chariiies SORP IFRS 10211. the Financial Reportin& Siandard applicable in ihe UK and Republic of [re1)d IPRS 1021 ai)d the Companies Aci 2006. Basi5 of prep8ralion Ls%Lx and Surr()Ik Rivers Trusi meeis the definition of a public benefit eniity under FRS 102. Assets and liabilities are initially recobvnised at historical cosi or tyansaciion value unless oiherwise staled in the relevant accounting policy notes. Going Concern The Trusiees consider ihat Ihere are no material uncenainiies about ihe chariiable company's abiliiy io coiiiinue as a gioing ¥on¥ern nor any SignifinI areas of uncertainty ihai atreci ihe carryin¥ value ol assets held by ihe Lhariiable Lompany. INcoffte and end0[eNtS All income is reLognised once the charitable company has eniiilement to (he income. i( is probable that the income will be received and ihe amouni of ihe income receivable can be measured reliabls,. Donalioms andlegticies Donations ar¢ recognised when the ¢haritsble ¢ompyny h&5 been notified in TitIng of both the amount and 5Cttlcnient date. In the event that a donation is subject to conditions that require a level of perforniai)ce by the charitable conipany before the charitable conipany i5 entitled to the funds. the income is deferred and not recogni5ed until either those condition5 are fully m. or the fulfilment of those conditions is wholly withii) the control of the charitable company and it l5 probable that these conditions will be fulfilled in the retK)rting period. Paoe 11
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 receivoble Cjranis arc rccognised when the chariiable cornpany has an eniitlement io the funds and any conditions linked to the granis havc been mei. Wherc wrfonnance condiiions arc ollachcd ro thc grJnr and arc yet ro be MCL the incomc is recognised as a liability and included on the balance sheei as deferred income w be released. Jhve51Mieni Ineotsie Dividends are recognised once ihe dividend has ert declared and notificaiion has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or consinjciive obligaiion ts) ihai expenditure. li is probable settlement is required and the amouni can be measured reliably. All costs are alloCad to the applicable expei)diture heading ihai aggregate similar Costs io ihai taiegorn.. Where costs cannot be direcily atiribuied to particular headii)gs they have been allocated on a basis consisieni *iih ihe use of resources. with central stsff costs allocaied on the basis ol. lime spent. and depreciation charges allocated on the portion of ihe assei's use. Other supwrt costs are allocated based on the spread of siaff costs. ClitTrltt7hle a¢'llvlh Charitable expendiiure comprises ¢hose costs incurred by ihe charithble company in the delivery of its activities and Services lor its beneficiaries. li includes boih COS thai can be allocaied direcily io such acliviiies and those cosis of an indirect nature necessary lo support them. upport tosts Support ¥osls include Ceniral funclions and have been allocaied io activiiies based upon the PTOPOrtion of directly aitributable activiiy costs. ljovernance cost5 Thebe inilude ihe costs attribuiable to the charily's Compliance with consliiuiional and statutory requireinents, including independeni examinaiion cosls. Taxation rhe charitable company is considered to pass the tests Sel out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets ihe definition of a charithble company for UK corporation purposes. Accordingly, the chariiable company is potenliallj. exempi from thxaiion in respect of income or capital gains received within categories covered by Chapter 3 Part I l of ihe Corporntion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exnt that such income or gains are applied exclusivel}. to charitable purposes. Tangible fixtd assets %ignificani individual fixed assets are initially recorded at ¢05L less any subsequent a¢¢umulat¢d depreciation and subsequent accumulated impairment losses. Paoe 12
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 Depreciation amort15atio Depreciaiion is provided on iangible fixed assets so as w write off the cost or valuation, less any estimated residual value. over their expected useful economic life as follows.. As$et clas5 Computer equipment DeprlatIon method and rate 33.ii /0 sifdighi-line Trade debtors Debtors c1re recognised ai the seitlemeni amouni due. PrepaymenLS are valued at ihe amount prepaid after taking account of any discounts due. Caih and cash equivalents Cash and cash equivic lenls comprise cash on hand, bank accounts and l)ank deslI$. Trade creditors Creditors and aecruals are recognised where the eharity has a present obligation resulting from a past event that 111] probably resuli in the transfer of funds io a ihird party and ihe &nouni due 10 settle ihe obli&?aiion can be measured or estimated reliably. Creditors and accruals are nomially recognised ai iheir sdilemeni amount. Fund .structure Ilnrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the charitable company. Reslricled income funds are Ihose donated for use in a particular area or for specific Purposes. the use of which is restriLted lo Ihai area or purpose. Pen.sion$ and other post retir¢rnent obligations The charitdble Company operdtes a defined ¢ontribuiion pension scheme which is a pension plan under which fixed contributions are paid inio a pension fund and the charitable company has no legal or coi)struciive oblibjation to pay I'urther coniributions even if ihe fund does noi hold sufficieni assets 10 pay all employees the benefits relating to employee service in the curreni and prior perijs. Coniributions io defined coniribuiion plans are recognised in the Slement of Financial Aciiviiies w,hen they are due. If coniribution pa)men¢s eiceed ihe coniribuiion due for service, Ihe excess is recogiiised as a prepaymeiii. Financial in5trument5 Classlfi¢uiioM The charity only has financial assets and finoncial liabiliiies of a kind thai qualify as basic financial instwmenis. Ilasic financial instruments are iniiially recognised ai transaciion value and subsequently measured at Iheir settlement value. Paoe 13
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 3 Incorne frorn donations and legacies Unreslrieied lunds Resiriettd fut)ds Total 2023 Total 2022 Dtstlations receivable 1.359 1.359 268.003 395 158.480 Grants r¢c¢ivablc ?68.003 1.359 ?68,003 ?69,36? 158.875 4 Investment income Unrestricted funds Rtslricted funds Total 2023 Total 2022 Interesi receivable on bank deposi S Expenditure on charit4bl¢ 4cti%'itie5 Aetitrity underi#ken directlv Aetivitv support costs 2023 Con.%crvatioll. protection and improvement of river¥ 5trcams and wat¢rcour5es 128.120 38.440 166.560 undertaken directlv AcliTrity SUPPOrt costs 2022 Conservation. proteciion and improvement of river streams and watercourses 96.624 40.491 137.115 Paoe 14
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 6 Analysis of governance 5UPPOrt costs iupport costs allocated to charitable actii'ities Goi'ernance tOSt5 Adrninistratio Costs Total 2023 Conservation. protection and improvement of river& streams and watercourses 5.003 33.437 38,440 Goi'trnance Administration Tolal 21122 Conservation. proieciion and improvemeni of river& sireams and watercourses 4.486 36.005 40.491 7 N¢1 ineominwoutioinff r¢sourc¢s Net incoming resources for the year include.. 2023 2022 Independent examination fees Other non-audit services Depreciation of fixed assets 1,530 1,200 899 1,454 1,000 776 8 Trustees remuneration and expenses No Trustee5. nor any persons connected with them. have received any remuneration from the charitable company durinbj the year. No irustees have received any reimbursed expense5 or any other benefits from the charity during the year. Paoe 15
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 9 Staff c05tS The aggrega payroll costs were as follows= 2023 2022 Staff eosts during the year were: Wages and salaries Social security costs P¢nsion cosls 69,889 522 1.374 64,466 1.193 71.785 66,816 The rnonthly average nuniber of peTSOnS (including Senior monag¢m¢ni t¢am) ¢mploy¢d by ihe ¢haritsbl¢ ¢oiMpany during ihe year expressed by head count was as follows: 2023 No 2022 No Average number of staff employed 312022- 21 of the above employees panicipaied in the Defined Coniribuiion Pension Schemes. Contributions 10 the employee pension schemes for the year ioialled £1.374 (2022- £1.1931. No employe¢ re¢eiv¢d emoluments of more than £60.0(X) during the year. 10 Taxation The charitable company 15 a gistered charity and 15 therefor¢ exempt from taxation. Paoe 16
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 I l Tangible fixed a55et5 Computer equipment Total Cost At l June 2022 Additions 4.649 371 4.649 371 At 31 May 2023 5.020 5.020 Depreciation At l June ?0?2 Chargye for ihc year 3.684 899 3.684 899 At 31 May 2023 4.583 4,583 Net book value At 31 May 2023 437 437 At 31 May 2022 965 965 12 Debtors 2023 2022 Prepaymenis 2.459 1,700 13 Cash and cash equivalents 2023 2022 Cash at bank 162,56? 58,304 14 cdItors. amounts falling dut within one ve*r 2023 2022 Other taxation and social security Other crediiors A¢crnals 1,000 2.359 2.730 1,072 1,192 2.454 6,089 4,718 Paoe 17
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 15 FuNd5 Curreniyeor.. Balance 41 jRe 2022 Incnrning resource5 Resources expended Balance at 31 Mav 2023 (As restated) Unreflric¢edlund,T Gencral 19,(KJl 1.674 (4.498) 16,177 Restrieted Chelnier and Wid Resioraiion Essex Commurtit>' Engagement East Suffolk Riv¢rs PPP 61.900 75.1)00 61.900 75,000 5.543 21,671 15.1)00 15,Ih)O 15,000 88 64.620 (16.775) (30.3391 (15.(M)01 3.768 6,332 Suffolk CPF Essex Crayfish Essex Rivers Catchment 188) 113,747) 8.686 {? 467) 17.65? (54.6811 18.6861 16.0811 (3.8081 Hinialayan Balsam Topsoil Water for Tomoffow 8.548 Total restrlcted 37.250 268.003 162.061) 143.192 Total fynds 56,251 ?69.677 {166.559) 159.369 Paoe 18
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 The specific purposes for which the funds are io be applied are as follows.. Chelmer and Wid restoration - This M'os an Anglian Woicr donaiion following a hisroric pollutioii incident on the River Wid to supw)rt rcsioraiion work on the Chclmcr and Wid and ciiizen science work throughout Essex. Essex Cotnniunity Engagemeni This .S a donarion froin Anglian Wotcr ro support engagement with coastal communiiics around ihc River Colne folloiving a trf)Iluiion incidenr at Ja)ryvick. East Suffolk Riv¢rs Pr¢v¢niing Plastic Pollulion (PPP) - Th¢K ar¢ fvn(ts froin the Riv¢rs Trust wl)o r¢c¢iv¢d fundin& from a Europ¢an Int¢re Proj¢¢t a¢ross FrJnc¢ and England Copiuring and Cording data about sOu¢S of plastic pollution. ERH This is the Essex River5 Hub Calchment Pannership host fvnding. This covers the costs of running the Catchmcni pannership for Essex and comes from the Environment Agency Water Environment Impr()vement Fui)d. Suffolk CPF- This fund is for projffts the charity is managing hosts of the Ea51 Suffolk Calchm¢nt Partnership. Essex Crayf15h Thi5 fund was used to undertake eDNA sampling of wat¢Tbodies acros5 Essex to check foT presence of native white-clawed Crdyfish. Essex Rivers Hub and Suffolk C¥i¢hmeni (CPFI- These 1$ an Environment A8¢n¢y fund to support ihe ¢at¢hm¢nt partnership in Combined Essex and East Suffolk ¢ai¢hm¢nts. WEIF- This is an Environmeni Agen¢y Water Environment Improvement Fund grant for river restoration and tree planting in Suffolk. Himalayan Balsam- This fund *as for the removal of Himalayan Balsam. an invasive species damagin8 our rivers. Topsoil - This consists of two projects w'hich are part of the EU Project Topsoil. One project looks at sediment in Layer Brook in E55ex and one trials Managed Aquifer Recharye in the Sandlings area in Suffolk. Water for Tomorrow - 15 a programme of infomiation disseminaiion on water resource issues. It 15 part of a wider project funded by the River5 Trust who are the Lead partner recciving their funding from EU INTERREG VA Frdnce (Channel). Colne WFD- Thi5 W&5 to fund projccts in E55ex. mainly Water Framcwork Directive projects on the River Colne. Paoe 19
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 Prioryethr.. Balance at I June 2021 Incoming rt50urces Resources expended Balance at 31 May 2(122 (As restated} (As restated) {A5 re5t&ted) (As re5t&ted) Unref¢ric¢edfMMd.T General (675) 39.191 {19.515) 19.001 Restrieted F.RH Suffolk CPF Colne WFD 11,733 24,550 15.0(M) (6.180) {15,691} {28.704) 5,543 21,671 12,812 13.704 1881 (531 Essex Riv¢r5 Catchment 1881 {13.7471 8,686 (2.4671 17.65? ?8.650 11.205 6,046 22.5(M) {42.344} (2.5191 {17,314} 14.848 Himalayan Balsam Topsoil Water for Tomorrow 8,801 Total reslricled funds 35.166 119.684 1117.6(M) 37.250 Total funds 34,491 158.875 56,251 Paoe 20
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 16 Analysis of net assets behveen funds Curreniyeor.. UnrtStricted fund5 Restricted lunds Total funds 2023 Tangible fixed assets Current assets 437 15.740 437 165,021 (6,0891 149,281 (6.0891 Total net assets 16.177 143,19? 159.369 Prlor Jethr.. Unrt51ricted funds Restricted funds Total funds 2022 (A5 r¢s¢•ied} 965 18.036 {A$ r¢slAied) Tanbiible fixcd assets Current assets 965 60.004 14.718 41.968 14.7181 Total net assets 19.001 37.250 56.251 17 Related party transactions 'l-here were no related part). transa¢tions in th¢ year. 18 Prior year restatcmen¢ The allocation of expenditure between unre51rictcd and restricted fun(Ls in the prior year has been restated. This is so the prior year fL8ure5 more accurdtely rcflect the true usage of each fund. Due to thi5 restatement, restricted funds &5 at 31 May 2022 have dccreased by £3,177 and unrestricted funds have in¢rea5ed by £3.177. Paoe21
Essex and Suffolk RiTrers Trust Notes to the Finaneial Statements for the Year Ended 31 May 2023 19 Prior year Staternent of Financial Activities Unrestriettd Rtytricted Toial 2022 Nole (As restated) (As restated) Income and Endowments from: Donations and legacies 39.191 119.684 158,875 Total incom¢ 39.191 119.684 158.875 Expenditure on: Charitable activities 19,515 117.600 137.115 Total expenditure 19,515 117.600 Nct income 19,676 ?,084 21,760 Net movement in funds 19.676 2,084 21.760 Reconciliation offund5 Total funds brought forward Total funds carried forward 1675) 35.166 34,491 15 19.001 37.250 56.251 Paoe 22