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2023-03-31-accounts

EAST MERCIA RIVERS TRUST

Charity No. 1157922

Company No. 08613863

Trustees' Report and Unaudited Accounts

31 March 2023

EAST MERCIA RIVERS TRUST Contents

Pages Pages
Chairman Report 1
Trustees' Annual Report 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities Summary Income and 111
Expenditure Account 112
Balance Sheet 13
Notes to the Accounts 14 to 23
Detailed Statement of Financial Activities 24 to 25

EAST MERCIA RIVERS TRUST

CHAIR’S REPORT

Following an approach from the trustees of Welland Rivers Trust (WRT), Lincolnshire Rivers Trust (LRT) took on the activities of WRT in October 2022. To reflect the increased geographical spread of the trust, the name was changed to East Mercia Rivers Trust (EMRT) and the charitable objectives of LRT were revised to state that the trust is operational in both the Witham and Welland catchments. Unrestricted funds totalling £34,291 and restricted funds amounting to £13,142 were transferred to LRT and WRT formally closed in October 2022. The restricted funds were concerned with three projects: Langton Brook river restoration at Smeeton Westerby, catchment hosting for the Welland Valley Partnership and River Warden training.

Two former LRT trustees resigned, one due to health issues and the other work commitments, and three trustees transferred from WRT. The incoming trustees added considerable expertise to the Board including education, local government, water environment, and the construction sector.

Although the amalgamation of the two trusts took longer and was more complicated than expected, these changes have enabled EMRT to upscale its ambitions to bid for significantly larger projects and multi-year funding bids. This has been critical in EMRT’s development and progress during this transition year.

It has proven prudent to employ an experienced fundraiser and programme manager at the end of 2021, as EMRT’s income has risen and the Trust made a profit this year. Around 18% was drawn from unrestricted funding sources and of the restricted funds approximately 75% was received from government (public) funding sources. We were also thankful for funding from Garfield Weston, which has been helpful in strengthening EMRT’s governance and developing the project priority areas.

There is justifiable optimism amongst the trustees and employees of EMRT that the building blocks put in place during the year will lead to significant growth in 2023/24.

Andrew Morriss Chair September 2023 East Mercia Rivers Trust

Page 1

EAST MERCIA RIVERS TRUST Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 08613863

Charity No. 1157922

Principal Office

Loddington House Main Street Loddington Leicester LE7 9XE

Registered Office

Loddington House Main Street Loddington Leicester LE7 9XE

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

M.J. Ballard M.J. Bills J.S. Birch J. Bolland M. Hatfield J.K. Leventhall R. Marshall (Resigned 1 December 2022) A.S. Morriss L.H. Vickers (Resigned 27 September 2022) Company Secretary S.M. Turner (Resigned 23 August 2022)

Accountants

Brooks & Partners Accountants Ltd 22 St Peter's Street Stamford Lincolnshire PE9 2PF

Bankers

The Co-Operative Bank PO Box 101 1 Balloon Street Manchester M60 4EP

Page 2

EAST MERCIA RIVERS TRUST

Trustees Annual Report

Governance

East Mercia Rivers Trust is a registered charity governed by a Board of Trustees. The charity is controlled by its Articles of Association, and constitutes a company limited by guarantee, as defined by the Companies Act 2006. The day-to-day operations are led by the Executive Director with support from a financial and administrative officer, the technical team grew from five to seven during 22/23 with two employees transferred from WRT. EMRT remains part of the national Rivers Trust movement, which continues to grow and has around 65 member trusts.

Risk & Governance Committee

At the end of the 22/23 financial year the Trustees set up a committee that aims to.

Recruitment and appointment of new trustees

The recruitment of Trustees is by invitation from East Mercia Rivers Trust Trustees. Subject to the Articles of Association, selection is based on expertise that is judged to add value to the activities and growth of the Trust.

Induction and training of new trustees

The induction and training provided for new Trustees is tailored to the individual depending on their existing experience and capability. Newly appointed Trustees receive a letter of appointment and a copy of EMRT’s Trustee manual. Trustees provide mutual support in ensuring all Trustees have appropriate knowledge and information to be able to contribute to Board proceedings.

Reserves Policy

EMRT maintains a minimum of one year’s reserves (unrestricted funds) that are freely available to spend on the charity's purposes.

Page 3

EAST MERCIA RIVERS TRUST

Trustees Annual Report

Mission & Aims

Since October 2022, additional priority Welland catchment programmes and projects were added to the work programme. In total, there are over 120 watercourses within the Welland and Witham catchments, EMRT is operational in five counties: Lincolnshire, Leicestershire, Northamptonshire, Cambridgeshire, and Rutland.

Following the formation of EMRT in October, the organisational mission and aims were revised and a three-year strategy approved by the Board in December 2022. These are as follows.

Mission

Bringing rivers back to life for nature and communities.

Aims

The headline KPI achievements for the aims are identified below.

Aim 1: Resilient Rivers Achievements 2022 - 2023
To create and protect healthy, clean,
and resilient watercourses by,
restoring and enhancing habitats,
increasing water storage,
improving water quality and
controlling and removing invasive
species.
River restoration and enhancement projects included.
o Greening Brayford Pool, 40 m of floating ecosystem
installed.
o Stamford millstream with 300 m of river enhanced
with in-channel berms, replacement of a weir with a
rock ramp and bank regrading.
o Hykeham, 100m fish refuges installed.

Developed a water quality monitoring programme &
assessment of Natural Flood Management (NFM) for
Rauceby Estates

90km of river treated for Pennywort.

20km of river treated for Himalayan Balsam

Over 30 potential project sites identified across the
Lincolnshire Limestone region.
Aim 2: Rivers for Life Achievements 2022 - 2023
To inspire local communities,
landowners, businesses, and
recreational river-users to act for
rivers by,
building data and evidence,
delivering educational activities
and advisory services,
Improving access to nature, and
raising awareness.
Rivers Academy seed funding secured through HLF.

Hosted a 3rdGeography University of Lincoln Student.

As part of a Nene Rivers Trust HLF bid, EMRT are
supporting the training of volunteers centred around
Rockingham Forest.

Eels in the Classroom was delivered to schools in
Grantham.

Attendance at large community events such as
Lincolnshire Show and Burghley House Game &
Wildlife Show.

Page 4


Earthwatch water quality monitoring by volunteers
continues.

Water vole warrior and Mayfly in the Classroom
education initiatives delivered to over 100 children as
part of the LBs engagement programme: including
schools and scout groups.
Aim 3: Building collaboration Achievements 2022 - 2023
To advocate the catchment-based
approach by facilitating the Welland
Valley and Witham Catchment
Partnerships.
Meetings and field visits conducted as part of the
catchment partnership meetings.

New members added to the partnerships included
local authorities.

Both catchment plans were updated and revised in
consultation with partners.
Aim 4: Creating sustainability and
security		 Achievements 2022 - 2023
To build organisational stability and
relevance by,
diversifying projects and donors,
positioning as the knowledge
centre for the catchments,
creating a high profile, and
investing in staff.
Income percentage increased from non-governmental
sources including private sources.

Number of all year-round projects increased.

Profile raised through increased number of press
releases leading to media interviews and news articles
on project developments such as Brayford Pool and
Branston Beck.

Staff training was increased which ranged from
safeguarding to technical restoration courses.

Page 5

EAST MERCIA RIVERS TRUST

Trustees Annual Report

The programme activities are set out in more detail below.

Resilient Rivers

The upper catchment headwater programmes aim to increase water storage, slow water flow, and improve the water quality through large-scale restoration works such as reconnecting floodplains, reinstating paleo channels, installing back channels, wetlands, and scrapes or smaller scale natural flood management measures and in-channel installations such as berms.

1. Bringing the Limestone Becks Back to Life Programme

2. Rejuvenating Lincolnshire’s Chalk Streams

4. Upper Welland Headwaters Programme

Page 6

EAST MERCIA RIVERS TRUST

Trustees Annual Report

5. Greening Brayford Pool Project

6. Lower Witham Programme

7. Stamford Millstream

Page 7

EAST MERCIA RIVERS TRUST

Trustees Annual Report

Rivers for Life

The main activities of this programme are centred on developing a Rivers Academy, environmental education, community engagement and water stewardship.

  1. Rivers Academy

  2. a. Heritage Lottery Funding was secured in late 22/23 to conduct a feasibility study, develop a business plan, and undertake pilots with schools. Located at the National Trust's Belton House near Grantham, it is set to be the UK’s first permanent rivers school. The learning-based activities planned range from curriculum-based education to citizen-science based adult training, through to children’s summer holiday activities. Belton House offers an easily accessible, prestigious location, classrooms with facilities and on-site access to a section of the River Witham that has been restored. Grantham is centrally located in England and easily accessible by road and rail. It is intended to build a programme to train volunteers at the Academy, feeding directly into the Local Nature Recovery Strategy (LNRS) and working with Local Authorities and developers in monitoring Biodiversity Net Gain (BNG). The initiative will benefit people of all ages, abilities, and backgrounds locally and nationally.

2. Volunteer Activities

3. Water Quality & Stewardship

Page 8

EAST MERCIA RIVERS TRUST Trustees Annual Report

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

A.S. Morriss Trustee 27th September 2023

Page 9

EAST MERCIA RIVERS TRUST Independent Examiners Report

Independent Examiner's Report to the trustees of EAST MERCIA RIVERS TRUST

I report to the charity trustees on my examination of the financial statements of EAST MERCIA RIVERS TRUST for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 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 your charity's financial statements as 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

As 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 that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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.

Kate Fleming ACCA Brooks & Partners Accountants Ltd 22 St Peter's Street Stamford Lincolnshire PE9 2PF

20 September 2023

Page 10

EAST MERCIA RIVERS TRUST Statement of Financial Activities

for the year ended 31 March 2023

Notes
Income and endowments
from:
Donations and legacies
4
Other trading activities
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income/(expenditure)
9
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
71,236
5,046		 Restricted
funds
2023
£
369,059
-		 Total funds
2023
£
440,295
5,046		 Total funds
2022
£
406,397
5,314
76,282
1,185
24,729
20,301		 369,059
-
353,496
-		 445,341
1,185
378,225
20,301		 411,711
11,789
529,430
9,873
46,215
-		 353,496
-		 399,711
-		 551,092
-
30,067
(6,317)		 15,563
6,317		 45,630
-		 (139,381)
-
23,750 21,880 45,630 (139,381)
23,750
153,020		 21,880
44,461		 45,630
197,481		 (139,381)
336,862
176,770 66,341 243,111 197,481

Page 11

EAST MERCIA RIVERS TRUST Summary Income and Expenditure Account

for the year ended 31 March 2023

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2023
£
445,341
445,341
399,217
494
399,711
45,630
45,630		 2022
£
411,711
411,711
550,586
506
551,092
(139,381)
(139,381)

Page 12

EAST MERCIA RIVERS TRUST Balance Sheet

at 31 March 2023

Company No.
08613863
Notes
2023
£
Fixed assets
Tangible assets
12
824
824
Current assets
Debtors
13
103,877
Cash at bank and in hand
145,090
248,967
Creditors:Amount falling due within one year
14
(6,680)
Net current assets
242,287
Total assets less current liabilities
243,111
Net assets excluding pension asset or liability
243,111
Total net assets
243,111
The funds of the charity
Restricted funds
15
Restricted income funds
66,341
66,341
Unrestricted funds
15
General funds
185,810
Designated funds
(9,040)
176,770
Reserves
15
Total funds
243,111		 2022
£
1,318
1,318
6,427
231,184
237,611
(41,448)
196,163
197,481
197,481
197,481
44,461
44,461
132,520
20,500
153,020
197,481

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 27th September 2023

And signed on its behalf by:

A.S. Morriss

Trustee 27th September 2023

EAST MERCIA RIVERS TRUST Notes to the Accounts

for the year ended 31 March 2023

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 14

EAST MERCIA RIVERS TRUST Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and equipment 33.33% straight line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 15

EAST MERCIA RIVERS TRUST Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 16

EAST MERCIA RIVERS TRUST Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital. The liability of each member in the event of winding up is limited to £1.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Other trading activities
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations
Grants		 Unrestricted
£
22,267
48,969
71,236		 Unrestricted
funds
2022
£
35,007
5,314
40,321
6,234
98,380
9,873
114,487
(74,166)
80,416
6,250
6,250
152,482
158,732
Restricted
£
-
369,059
369,059		 Restricted
funds
2022
£
371,390
-
371,390
5,555
431,050
-
436,605
(65,215)
(80,416)
(145,631)
(145,631)
184,380
38,749
Total
2023
£
22,267
418,028
440,295		 Total funds
2022
£
406,397
5,314
411,711
11,789
529,430
9,873
551,092
(139,381)
-
(139,381)
(139,381)
336,862
197,481
Total
2022
£
11,585
394,812
406,397

Page 17

EAST MERCIA RIVERS TRUST

Notes to the Accounts

5
Income from other trading activities
Consultancy and Speaking Unrestricted
£
5,046
5,046		 Total
2023
£
5,046
5,046		 Total
2022
£
5,314
5,314
6
Expenditure on raising funds
Costs of generating voluntary
income
Advertising
Wages
Fundraising trading costs
7
Expenditure on charitable activities
Expenditure on charitable
activities
Wages
Professional fees
Habitat Contractors
Governance costs
Accountancy		 Unrestricted
£
22,404
206
-
2,119
24,729		 Unrestricted
£
1,185
-
-
-
-
1,185
Restricted
£
119,112
11,656
222,728
-
353,496		 Total
2023
£
1,185
-
-
-
-
1,185
Total
2023
£
141,516
11,862
222,728
2,119
378,225		 Total
2022
£
6,223
5,566
-
-
-
11,789
Total
2022
£
93,266
4,794
429,030
2,340
529,430

Page 18

EAST MERCIA RIVERS TRUST Notes to the Accounts

8 Other expenditure

Unrestricted
Total
2023
£
£
Employee costs
1,395
1,395
Motor and travel costs
6,481
6,481
Premises costs
1,045
1,045
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
494
494
General administrative costs
10,337
10,337
Legal and professional costs
549
549
20,301
20,301
9
Net income/(expenditure) before transfers
2023
This is stated after charging:
£
Depreciation of owned fixed assets
494
10 Trustee remuneration and expenses
One or more of the trustees has been paid expenses in the current or prior periods.
2023
Number
Number of trustees paid expenses
1
The nature of the reimbursed expenses
Travel and meeting costs
£
Total expenses reimbursed to trustees
31		 Total
2022
£
-
4,870
-
506
4,497
-
9,873
2022
£
506
2022
Number
-
£
-

11 Staff costs

No employee received emoluments in excess of £60,000.

The average monthly number of full time equivalent employees during the year was as follows:

Project Officer
Administrator
Project Manager
The Rivers Trust Pension & Life Assurance Scheme		 2023
Number
3
1
2
6		 2022
Number
2
1
1
4

Page 19

EAST MERCIA RIVERS TRUST Notes to the Accounts

12 Tangible fixed assets

Cost or revaluation
At 1 April 2022
At 31 March 2023
Depreciation and
impairment
At 1 April 2022
Depreciation charge for the
year
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
13 Debtors
Trade debtors
Other debtors
Prepayments and accrued income
14 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals		 2023
£
-
103,877
-
103,877
2023
£
2,927
1,054
2,699
6,680		 Plant and
equipment
£
1,782
1,782
464
494
958
824
1,318		 Total
£
1,782
1,782
464
494
958
824
1,318
2022
£
-
6,043
384
6,427
2022
£
2,641
-
38,807
41,448

Page 20

EAST MERCIA RIVERS TRUST Notes to the Accounts

15 Movement in funds

15 Movement in funds
At 1 April
2022
5,713
13,094
-
25,654
-
-
-
-
44,461
132,520
20,000
500
-
-
20,500
197,481		 Incoming
resources
(including
other
gains/losses)
£
42,467
74,500
17,000
56,779
52,000
52,863
4,000
69,450
369,059
71,604
-
-
3,912
766
4,678
445,341		 Resources
expended
£		 Gross
transfers
£
(10,922)
12,549
392
1
(1,292)
2,377
1,700
1,512
6,317
4,909
(18,006)
6,780
-
-
(11,226)
-		 At 31
March
2023
£
-
-
7,675
33,149
(784)
144
-
26,157
Restricted funds:
Restricted income funds:
EN CABA Witham, Welland,
Snagging and Volunteers
IN Himalayan Balsam and
Floating Pennywort
EN Schools and River
Academy
LB Branston, Dunston and
Limestone Becks
LN LW Brayford Pool and
Horncastle
UW NFM, Buckminster and
Hykeham
WQ Water Quality
WT NFM, Millstream and
Smeeton
Total
Unrestricted funds:
General funds
Designated funds:
UW Saltersford Mill
EN Events and Water
Stewardship
LB Rauceby Estate
(37,258)
(100,143)
(9,717)
(49,285)
(51,492)
(55,096)
(5,700)
(44,805)
(353,496)
(23,223)
(1,994)
(7,280)
(5,732)
(7,986)
(22,992)
(399,711)
66,341
185,810
-
-
(1,820)
(7,220)
WT Spalding Heritage,
Rockingham and Smeeton
Total
Total funds		 (9,040)
243,111

Purposes and restrictions in relation to the funds:

Restricted funds:

EN CABA Witham, Welland, The catchment hosting payments for the Witham and Welland are Snagging and Volunteers awarded on an annual basis and support project development work.

Page 21

EAST MERCIA RIVERS TRUST Notes to the Accounts

T MERCIA RIVERS TRUST
es to the Accounts		 T MERCIA RIVERS TRUST
es to the Accounts
IN Himalayan Balsam and Mostly funded by the Environment Agency with contribution from Canal
Floating Pennywort and River Trust. Each year EMRT works with RiverCare volunteers and
expert contractors reducing these invasives on the catchments. All funding
agreements are based on an annual basis.
EN Schools and River Heritage Lottery Funding was secured for the Rivers Academy which is a
Academy concept in development based at Belton House. EMRT, on request, also
attends schools and events such as Lincolnshire Show to build community
engagement. Water stewardship work is in development and funded
through the catchment hosting payments. The catchment hosting
payments for the Witham and Welland are awarded on an annual basis
and support project development work.
LB Branston, Dunston and A key focus for the Witham catchment, the Heritage Lottery funded
Limestone Becks Branston Beck restoration works were completed this year and the
Environment Agency funded development of several projects across all the
becks and enhancement works funded by Anglian Water Flourishing
Environment Fund are planned for Dunston beck in autumn 2023.
LN LW Brayford Pool and Extension of floating ecosystems on Brayford Pool in Lincoln. Funded by
Horncastle the Environment Agency.
UW NFM, Buckminster and Preparatory work was undertaken for major restoration works planned for
Hykeham Autumn 2023 on Buckminster Estates, scoping of potential Natural Flood
Management activities. Completion of the installation of fish refuges at
Hykeham.
WQ Water Quality Water quality monitoring work is ongoing through a national Earthwatch
programme and was boosted with a donation from the Environment
Agency this year to purchase an advanced technical kit. The catchment
hosting payments for the Witham and Welland are awarded on an annual
basis and support project development work.
WT NFM, Millstream Initially started with support work for Welland Rivers Trust prior to closure.
and Smeeton Later included restoration work on Stamford Millstream, funded by the
Environment Agency and Stamford Town Council, preparatory work for
major restoration at Smeeton Westerby, funded by Anglian Water and
Natural Flood Management scoping above Market Harborough funded by
the Environment Agency. Landowners engaged EMRT to support
preparatory work for a major restoration planned for the Langton Brook –
Welland confluence. Whilst preparatory work was undertaken for Spalding
Reconnected and Rockingham Forest projects, using funding provided
through the catchment partnership funds, the projects will commence in
23/24 FY.
Designated funds:
UW Saltersford Mill Designs were commissioned for Saltersford Mill, however due to major
construction works around Grantham making access impossible, this
project has been shelved for now.
EN Events and Water Funded through unrestricted donations and CaBA hosting funds.
Stewardship

Page 22

EAST MERCIA RIVERS TRUST Notes to the Accounts

LB Rauceby Estate

Funded by landowners with equipment provided by the Environment Agency.

WT Spalding Heritage, Langton Brook funded by landowners, CaBA hosting funds provided the Rockingham and Langton resources to develop Spalding Heritage and Rockingham projects

16 Analysis of net assets between funds

16 Analysis of net assets between funds
Fixed assets
Net current assets
17 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
824
175,946
176,770
At 1 April
2022
£		 Restricted
funds
£
-
66,341
66,341
Cash flows
£		 Total
£
824
242,287
243,111
At 31
March
2023
£
231,184 (86,094) 145,090
231,184
231,184		 (86,094)
(86,094)		 145,090
145,090

18 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 23

EAST MERCIA RIVERS TRUST Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from:
Donations and legacies
Donations
Grants
Other trading activities
Consultancy and Speaking
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Wages
Costs of other trading activities
Total of expenditure on raising
funds
Charitable activities
Wages
Professional fees
Habitat Contractors
Governance costs
Accountancy
Total of expenditure on charitable
activities
Employee costs
Staff training
Motor and travel costs
Travel and subsistence
Premises costs
Rent		 Unrestricte
d funds
2023
£
22,267
48,969
71,236
5,046
5,046
76,282
-
1,185
-
-
1,185
22,404
206
-
22,610
2,119
2,119
24,729
1,395
1,395
6,481
6,481
1,045
1,045		 Restricted
funds
2023
£
-
369,059
369,059
-
-
369,059
-
-
-
-
-
119,112
11,656
222,728
353,496
-
-
353,496
-
-
-
-
-
-		 Total funds
2023
£
22,267
418,028
440,295
5,046
5,046
445,341
-
1,185
-
-
1,185
141,516
11,862
222,728
376,106
2,119
2,119
378,225
1,395
1,395
6,481
6,481
1,045
1,045		 Total funds
2022
£
11,585
394,812
406,397
5,314
5,314
411,711
5,566
11,789
-
-
11,789
93,266
4,794
429,030
527,090
2,340
2,340
529,430
-
-
4,870
4,870
-
-

Page 24

EAST MERCIA RIVERS TRUST Detailed Statement of Financial Activities

General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
equipment
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Transfers between funds
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 494
3,584
136
2,107
619
1,234
2,222
435
10,831
549
549
20,301
46,215
-
30,067
(6,317)
23,750
-
23,750
153,020
176,770		 -
-
-
-
-
-
-
-
-
-
-
-
353,496
-
15,563
6,317
21,880
-
21,880
44,461
66,341		 494
3,584
136
2,107
619
1,234
2,222
435
10,831
549
549
20,301
399,711
-
45,630
-
45,630
-
45,630
197,481
243,111		 506
1,593
-
1,299
394
-
892
319
5,003
-
-
9,873
551,092
-
(139,381)
-
(139,381)
-
(139,381)
336,862
197,481

Page 25