REGISTERED COMPANY NUMBER: CE029757 (England and Wales) REGISTERED CHARITY NUMBER: 1199701 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR NENE RIVERS TRUST CIO
NENE RIVERS TRUST CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STMARCH 2024 Page Report of th• Trust••$ Independent Examlner's Report stotement of Flnanclal Acllvllles statement ol Flnonclal Posttlon 9 10 10 statement ol Cash Flows Notos lo the FSnonclol Staloments 12 10 20 Delalled Stalemenl ol Flnanclal Acllvttl•s 21 10 22
NENE RIVERS TRUST CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31STMARCH 2024 The trustee5 who are a150 directors ol the chority for the PUTpose5 of Ihe Companie5 Act 2tX)6. present their report with the financial stalemenls of the charity for the year ended 31st March 2024. The trustees have adopted the provisions ol Accounting and Reporting by Charities.. Statement ol Recommended Proctice opplicoble to chorilies preporing their occounts in accordonce wilh Ihe Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffeclive I January 20191. OBJECTIVES AND ACTIVITIES Objecllves and alms The promotion of the conservolion. protection ond imFyovemenl ol the physicol ond naturol environment, including but nol limiled lo- Supporting Ihe protection ond recovery of Ihe environment Irom climole chonge, limiting Ihe detrimental effec15 of climate chonge, 5UPPOrting the elimination ol the causes ol climate chonge, understanding the impact ol climate change on the nolural environment and supporting the natural environment and communities to odapl lo the changing climate. The conservation, proleclion, resloralion and improvemenl of the river5 01 the Nene Catchment, their tributaries, their sources and the surrounding area. The advancement ol education of the public in the consetvolion. protection and improvement ol the physicol ond nolurol environment. - The cultural ond natural heritage ol the Nene Calchmenl. The advancemenl of health and the promotion and protection ol the physicol ond mental health ond wellbeing ol the public. Poge I
NENE RIVERS TRUST CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31STMARCH 2024 OBJECTIVES AND ACTIVITIES OUT Projects Since 115 inception as River Nene Regionol Pork in 2(K)4, the Nene Rivers Trust has delivered a suite ol projects from small community-scale campaigns lo oward-winning schemes. Rocklngham Forest 'Bullding the Llnks. The Nolionol Lotlery Heritage Fund are funding Ihis portnership project to link people to the hobilals and wildlife of Rockingham Forest. The project runs from Augus12022 to the end of December 2024. A wide range ol octivities will engoge people Irom gvided wolks to nolvre workshops enobling participon15 to goin more ID skills ond engage in wildlife recording. Other workshop5 provide on introduction lo proclicol woodland management such as coppicing and charcoal making. The project is also promoling woodland education with an extension ol the RFS Teoching Tree5 programme enabling local schools. lo lake part in educalionol visi15. There is also training lor leoching assislanls lo become new Forest School leoders. There is a new Tree Warden scheme, mapping ol veleron trees, updating the Ancient Woodland Inventory and an extension lo the River Warden scheme in the Welland and Nene catchment areas. Through cooperation with local landowner5, the project is inilialing diSCLISSions to build towards beller management and an extension ol the ronge of wildlife habilals that are dislinclive and important in the oreo, moking links between hotspols wth wildlife corridors. Reslllence and Innovaffon Northants (RAIN) The RAIN project (Resilience and Innovalion Northanlsl IS Working wilh communitie5 in two river catchments.. Harpers Brook in North Northamptonshire. and Woolton Brook in West Norlhamplonshire. The Trust is working with these commvnilies ond lorge lond owners lo lriol flood resilience meosures at three dillerenl scales.. acr055 the calchmersl. within Ihe community, and al individual properly level. Nonè Voll•y Cotchm•nt Partnershlp {NVCP) The Nene Valley Catchment Partnership wos fomied in June 2014 and covers the catchment of the River Nene ond its Iribvtories. Vision.. The Nene Catchment will sUPPOrt abundant and resilient natural assets and is a desirable place to live. work and relax. The calchmenl will be characlerised by thriving communities and sustainable complimentary growth and development. This will be achieved Ihrough efficient and proclicol project implementation bosed on Sound evidence. influence on. ond delivery through local planning policie5, open ond ongoing communication. and genuine collaboration. Poge 2
NENE RIVERS TRUST CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31STMARCH 2024 OBJECTIVES AND ACTIVITIES Key Aims.. Overseeing the reali501ion ol the Nene Inlegraled Colchmenl Management Plan Achieving improvements in waler quality across the cotchmenl Enabling co-ordinoled ellicienl delivery of river improvement projects - Supporting cross-boundary working Conlribuling lo the developmenl and imyovemenl of green inlrastructure links throughout Calchmenl Providing o mechonism to 'pool' funding to deliver mvlli-lunclionol projects Informing Ihe development ol suitable planning policy Improving access lo ond amenity ol the river corridor Moinloining the profile of the River Nene ond ils lribulories ond communicoting openly with all stakeholders. RSver Ise Partnershlp An ambitious, large-scale programme lo enhance the quality of the Valley's natural environment, slrenglhen ils natural capital and develop its ecosystem setvices. Our Vision is lo ensure thal the Ise Valley plays a central role in North Northampton5hire's sustainable ond economic prosperity.. Ihal ils londscape chorocler and sense of place are regorded as equally importonl os the economy ond volued every bit 0$ much os our plonned growth. Key Aims.. Develop a Riverlse Linear Park that creates links and pathways for people and wildlife and ougmenls conneclivily from Wellingborough throvgh Kettering ond lo Corby. Miligole climate change. Contribute lo natural flood manogement. Minimise impocts on the cotchmenl ond provide net goins for biodiversity. Improve water qvality. Create new green infraslruclure IGII as well as protecl and enhance existing Gl. Seek opportunities to develop susloinoble tourism that creotes socioeconomic benefits for communities Ihrough employment and income-earning opportunities. Reslllent Rlver Project The primary aim of the project is lo enhance, reslore and prolecl the bockchannels and backwaters of the Nene Volley through efficient partnership working and besl proclice. So lar this project has resulted in the restorolion of o dozen bock chonne15 in the calchmenl with more plonned foi Ihe lulure subject lo securing funding. Poge 3
NENE RIVERS TRUST CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31STMARCH 2024 OBJECTIVES AND ACTIVITIES Landscape Enterprlse Nelworks (LENS) LEN5 brings logelher businesses with diverse need5 wilh londowners to build notural environmental projecls to secure private inveslment. Our Tole in this program is os a supply aggregolor ond we work directly with farmers lo develop fundable schemes ond support them with bringing these initiatives lo the morket to secure investment for delivery. Leornlng Garden The Learning Garden is a project lo establish a community space lo learn obout food growth and cultivation, exploring allotment crops and foraging. Exploring no-dig method5, raised planters and permocullure methods lo develop ond leorn oboul more climole-resilienl opportunities for growing and managing resources. Based at Chester House Eslole. the gorden programme is a partnership initiative with Crealing Tomorrow College, the Chester House Estate. and Nene Rivers Trust. The project will focus on providing opportunities for physical aclivily, social inleraclion. and learning about food and resources. Partner$hlp Worklng Relationship is al centre ol everything we deliver at Nene Rivers Trust. Our commitment is lo building ond mointoining relationships Ihot ore built on respect. reciprocity. consent. Irvst ond occounlobility. We champion colloboration, shared decision making and parlnership working in all that we do slrenglhening social capital within and beyond our sector and building resilience across the geogrophic oreo Ihot we work within. We oim lo be responsive lo the needs ond ospirolions ol the communities with which we work and all our programs are influenced Ihrough our work with these communities. FINANCIAL REVIEW The results lor the year and the company's financial posilion at the end ol the year are shown in the ottoched finoncial stotements. During the year the Charity had income of £722.525 and expenditure of £503.406. La51 year the Charily hod income of £950,476 and expenditure of £558,152. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by ils goveming documenl, a deed of Irust. and constitutes a limited company. limited by guarantee. os defined by the Companies Act 2CQ6. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number CE029757 (England and Wolesl Reglstered Charlty number 1199701 Poge 4
NENE RIVERS TRUST CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31STMARCH 2024 Reglstered offlce Building 14 Che51er House Estole Higham Road Welingborough NN29 7EZ Trustees S Motthews Choir J Grilfiths-Elsden Trustee J Sincloir Trustee O Burke Trustee S T05elond Trustee G Greenwood-smilh Trustee N Hammond Trustee C F Hallom Trustee B J Smith Trustee M Cameron Trustee Independent Examlner Christopher Bond F.C.A. SBCA Chortered Accovnlonts 17 Moor Park Avenue Preston Loncoshire PRI 6AS This report hos been prepored in occordonce with the speciol provisions ol Port 15 of the Companies Act 2006 relating lo small companies. Approved by order of the boord ol Irustees on 20th August 2024 ond signed on its beholl by.. Signed on 27108124 @ 17.34 S Matthews- Trvslee Poge 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NENE RIVERS TRUST CIO Independenl examine$ report to the Irvstees ol Nene Rivers Trust CIO ('Ihe Compony,) I report lo the charity tru51ees on my examinalion of the occounts of Ihe Company for the year ended 31 sl March 2024. Responslblllties and basis of report As the charity's Iruslees ol the Compony land also ils directors lor the purposes ol company lawl you ore responsible lor the preporolion of the occovnt5 in accordonce with the requiremen15 01 Ihe Companies Act 20061'the 2LK16 Acl'l. Hoving solislied myself Ihol the accounts of the Compony ore not required lo be oudited under Port 16 of the 2006 Act and ore eligible lor independent exomination, I report in respecl ol my examination ol your charity's accounts as corried out under Seclion 145 01 the Charities Act 2011 I'lhe 2011 Act'l. In corrying ovl my examinolion I hove followed the Direclions given by Ihe Chorily Commission under Section 145151 Ibl ol the 2011 Act. Poge 6
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF NENE RIVERS TRUST CIO Independenl examinerf5 Stalernenl Since your charity's gross income exceeded £250.(KK) your examiner musl be a member of a listed body. I con confirm thol l om quolilied lo vndertoke the exominotion because l om o member of the In51itule ol Chartered Accounlont5 in England and Wales, which is one of the lisled bodie5. I have completed my examinolion. I confimi that no matters have come to my allenlion in conneclion wilh the examinolion giving me cause to believe.. accounting records were not kept in respect of Ihe Compony os required by Section 386 01 the 2006 Act,. or the accounts do not accord wilh those records.. or the occounts do not comply with the occounting requiremenls ol Section 396 of the 2CK)6 Act other Ihan any requiremenl Ihal Ihe accounts give a true and fair view which is nol a maller considered as part of an independent examinotion.. or the occounts have not been prepored in occordonce with the methods and principles of the Statemenl ol Recommended Praclice for accounting and reporting by charitie5 (applicable to charities preparing their occounls in accordance with the Financial Reporting Stondord applicable in Ihe UK ond Republic ol Irelond IFRS 10211. I hove no concerns and hove come ocross no other motlers in connection with the examination to which ollenlion should be drown in Ihis report in order lo enoble o proper understanding of the accounts lo be reoched. Christopher Bond F.C.A. The In51itvle ol Chortered Accountonts in Englond ond Woles SBCA Chartered Accounlanls 17 Moor Pork Avenue Pre51on Lancashire PRI 6AS 20th August 2024 Page 7
NENE RIVERS TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31STMARCH 2024 Period 14.7.22 to 31.3.23 Total fund5 Year Ended 31.3.24 Total funds Unrestricled Reslricled lund fund Nole5 INCOME AND ENDOWMENTS FROM Grants and Donations 264.006 458.519 722,525 950.476 Investment income 1.275 1,275 757 Total 265.281 458.519 723.800 951,233 EXPENDITURE ON Chorllable aclSvltSes Grants and Donations 238.957 80.538 319.495 387.560 other 149.656 7,868 157,524 170,592 Total 388,613 88,406 477.019 558.152 NET INCOMEI(EXPENDITURE) (123.332) 370.113 246.781 393,081 RECONCILIATION OF FUNDS lolal funds brought forward 393.081 393,081 TOTAL FUNDS CARRIED FORWARD 269.749 370.113 639,862 393.081 The notes form part of these financial slotement5 Page 8
NENE RIVERS TRUST CIO STATEMENT OF FINANCIAL POSITION 31 ST MARCH 2024 31.3.24 Tolol funds 31.3.23 Total fund5 Unrestricled Restricted fund fund Notes FIXED ASSETS Tongible os5ets 7.387 7.387 9,858 CURRENT ASSETS Debtors Cash al bank 30.192 293.062 30,192 636.787 232.720 176,881 343.725 323.254 343.725 666.979 409.601 CREDITORS Amounts folling due within one yeor 13 {60.892) 26,388 (34.504) 126.3781 NET CURRENT ASSETS 262.362 370.113 632,475 383.223 TOTAL ASSETS LESS CURRENT UA8IUTIES 269.749 370.113 639,862 393.081 NET ASSETS 269.749 370.113 639,862 393.081 FUNOS Unrestricted funds Restricled funds 14 269.749 370.113 393,081 TOTAL FUNDS 39.862 393,081 The charitable company is enlilled lo exemption from audil under Section 477 of the Companies Act 2006 lor the yeor ended 31 st Morch 2024. The members have not required the company lo obloin an audit ol its financial statements for the year ended 31st Morch 2024 in occordonce wilh Section 476 ot the Componies Act 2W6. The trustees acknOedge their responsibililies for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 01 Ihe Componie5 Act 2W6 and preparing financial slalemenls which give a Irue and fair view of the state ol affairs of the chorilable company os ol the end of each financial year and of ils surplus or deficit lor eoch linoncial yeor in occordonce with Ihe iequirement5 01 Sections 394 and 395 ond which otherwise comply wilh the requirements ol the Companies Act 2006 relating to financial statements. so lor os applicable lo the charitable company. Ibl The notes form part of these financial slotement5 Poge 9 continued...
NENE RIVERS TRUST CIO STATEMENT OF FINANCIAL POSMON - continued 31 ST MARCH 2024 These financial slalements have been prepared in accordonce with the provisions applicable to chariloble companies subjecl lo the %moll companies regime. The financial slalements were approved by the Board of Truslees and authorised for issue on 20th August 2024 and were signed on its behalf by.. Signed on 27108124 S Matthews- Trustee The notes form part of these financial slotement5 Poge 10
NENE RIVERS TRUST CIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31STMARCH 2024 Period 14.7.22 lo 31 .3.23 Year Ended 31.3.24 Notes Cash flows from operating aclivilies Cash generated from operations 16 458.631 188,255 Net cash provided by operating aclivilies 458.631 188,255 Cash flows from Invesmng octlvltles Purch05e of tangible fixed assets Interest received 1.275 757 Net cash provided byllused inl investing activities 1.275 111,3741 Changè In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents althe beglnnlng of the reportSng perlod 459.904 176,881 176.881 Cash and cash equlvalents al the end of the reportlng perlod 636.787 176,881 The note5 form part of these finonciol slalement5 Pagell
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STMARCH 2024 ACCOUNTING POLICIES Basls of preparing the financial statements The linanciol slalemenls ol the charilable company. which is a public benefit entity under FRS 102, hove been prepared in QCCOTdonce wilh the Choritie5 SORP IFRS 1021 'Accounting and Reporting by Charities- Statement of Recommended Practice applicoble to charities preparing their accounts in accordance with the Financial Reporting Slondard opplicable in the UK and Republic of Ireland IFRS 1021 lelfeclive l Jonuory 20191,. Financiol Reporting Standard 102 'The Financial Reporting Standard opplicoble in the UK ond Republic of Ireland, and Ihe Companies Act 2006. The financial slalemenls have been prepored under the hislorical cost convention. The financiol statements ore prepared un sterling. which 15 the functionol currency of the chority. Monelary amounts in these financial statemenls are rounded to the nearesl £. Golng concern Al the lime of approving the financial statements. the tru51ees hove a reasonable expectation that the charity hos adequate resources to continue in operolional existence lor the loreseeoble fulure. Thu5 the trustees continued lo odopt the going concern basis ol oecounling in preparing the financial slalemenls. In¢omo Cash donalion5 are recognised on receipt. Other donations are recognised once the charity has been notified ol the donation. unless performonce conditions require deferral of the omounl. Grants receivable which ore not conditional on the delivery ol a specific performance by the chorily ore recognised when the chorily becomes unconditionolly enlitled lo the grant. Expendltvre All expenditure is occounled for on on occruols bosis. Charitable activities comprise those costs incurred by the charity in the delivery ol its activities ond services lor its beneliciories. 11 includes both the costs Ihot can be ollocoted directly to such activitie5 and Ihose c0515 ol an indirect nature necessary to support them. Grants offered subject lo conditions which hove nol been mel ot the year end dole ore noted as o commitment but not occrued as expenditure. Tanglble Ilxed assets Depreciolion is provided ol the following annuol rates in order to write off each a55el over ils estimated useful life. Plonl ond machinery Computer equipment 25% on redvcing bolonce 25% on reducing balance Taxation The charity is exempt from corporation tax on ils chariloble activities. Page 12 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 ACCOUNTING POLICIES- contlnued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of Ihe Iruslees. Penslon costs and other posl-retlremenl benellts The chorilable compony operotes o defined contribution pension scheme. Contributions payable lo the charitable companys pension scheme are charged lo the Slolement ol Financial Activities in the period lo which they relate. GRANTS AND DONATIONS Period 14.7.22 lo 31 .3.23 Total fund5 Year Ended 31.3.24 Total funds Unrestricted Reslricled funds unds Oonalions Gronls Gilt from RNRP CIC 425 263.581 425 722.100 595,254 458.519 355,222 264.006 458.519 722.525 950,476 River Nene Region Pork C.l.C. I'RNRP'I wos converted lo o Choriloble Incorporoled Organisalion. and ils nel assels donaled lo the new enlily on incorporation. Grants received. included in the obove. ore 0$ lollows.. Period 14.7.22 Year Ended 31.3.24 31 .3.23 other granls 722.100 Page 13 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 INVESTMENT INCOME Period 14.7.22 lo 31 .3.23 Total funds Year Ended 31.3.24 Total funds Unrestricted Restricted lunds funds Deposit accounl inlerest 1.275 1.275 757 Income relates lo unrestsicted general funds. CHARITABLE ACTIVITIES COSTS Grant funding ol activities 15ee note 51 Support C0515 (see note 61 Direcl Costs Tota15 Grants ond Donolions 310.8 5.154 3.541 319.495 GRANTS PAYABLE Period 14.7.22 lo 31 .3.23 Yeor Ended 31.3.24 Grants ond Donolions 5.154 55.596 Page 14 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 GRANTS PA YABLE - contlnued The tolol gronts poid lo in51itulion5 during the year was 05 lollow5'. Period 14.7.22 lo 31 .3.23 Year Ended 31.3.24 RFV Communily Grant Glendon Lodge Farm other1<£2.000 per gronll other1<£2,1)00 per granll North Northomplon5hire Councl Screen Norlhonls Ltd Jeyes ol Eorls Borlon Oelapre Abbey NV Railway Norlhan15 H Forum Wicksteed Park 2.182 27.972 1.388 16,078 17,568 2,500 3,IX)D 5,200 6,000 3,000 2,250 31.542 55,596 SUPPORT COSTS Governance costs Monogement Finonce Tolols Other resources expended Grants ond Donolions 137.137 3.541 129 18.624 155.890 3.541 140.678 129 18.624 15?.431 NET INCOME/IEXPENDITURE) Net incomellexpendilvrel is slaled oller chaTging/lcredilingl'. Period 14.7.22 lo 31 .3.23 Year Ended 31.3.24 Oeprecialion - owned assels Hire ol plant ond machinery other operaling leases Deficit on disp05010l fixed ossels 2.466 2.413 3.$84 2,273 859 Page 15 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees. remuneration or olher benefit5 for Ihe year ended 31 st March 2024 nor lor the period ended 31 sl March 2023. Trustees, expenses During the yeor. three truslees hove claimed expenses or hod their expenses met by the chority amounting lo £703.55, which all relale lo Iravel expense5. STAFF COSTS Period 14.7.22 lo 31 .3.23 Yoof Endèd 31.3.24 Wages and salories Social 5ecurily c0515 Other pension costs 260.680 19.679 13.010 302,540 21,542 13,016 293.369 337,098 The overoge monthly number ol employees during the yeor wos os follows.. Period 14.7.22 lo 31 .3.23 io Year Ended 31.3.24 Operolions Manogemenl & adminislralive 13 No employees received emolumenls in excess of £60.(KXI. Page 16 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unrestricled Restricted fund fund Tolol funds INCOME AND ENDOWMENTS FROM Grants and Donalion5 950.476 950,476 Inveslmenl income 757 757 Total 951.233 951,233 EXPENDITURE ON Chorltoble octlvStl•s Grant5 and Donalion5 387.560 387,560 other 170.592 170.592 Total 558.152 558,152 NET INCOME 393.081 393,081 TOTAL FUNDS CARRIED FORWARD 393.081 393,081 TANGIBLE FIXED ASSETS Plant and mochinery Computer equipment Tolols COST Al I sl April 2023 Disposals 15.411 (279) 16.416 (279) Al 31 st Morch 2024 15.137 16.137 DEPRECIATION Al I 51 April 2023 Charge for yeor Eliminated on disposal 188 203 6.370 2.263 (274) 6,558 2.466 (274) Al 31st Morch 2024 391 8.359 8.750 NET BOOK VALUE Al 31 st Morch 2024 609 6.778 7.387 At 31 st March 2023 812 9.046 9.858 Page 17 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31 .3.23 Accounts receivable Prepoyment5 25.704 4.488 229,381 3,339 30.192 232,720 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31 .3.23 Accounts payable Sociol securily and olhw loxes other creditor5 Accrued expens85 20.155 6.070 3,498 11,081 3,853 7,946 8.279 34.504 26,378 14. MOVEMENT IN FUNDS Nel movement in fvnds At 31 .3.24 Al 1.4.23 Unrestrlcted lunds Unrestricted funds 393.081 (123.332) 269.749 Restcled lunds Restricted funds 370.113 370.113 TOTAL FUNDS 393.081 246.781 139.862 Net movemenl in funds. included in the obove ore os follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds Unrestricted tunds 265.281 (388.613) {123.332) Restcled funds Restricted funds 458.519 (88.406) 370.113 TOTAL FUNDS 723.81)0 (477.019) 246.781 Page 18 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 14. MOVEMENT IN FUNDS - conllnued Comparatlves lor movement In funds Nel movement in funds Al 31.3.23 Unrestrlcted lunds Unrestricted funds 393.081 393,081 TOTAL FUNDS 393.081 393,081 Comparative nel movemenl in lunds. included in the obove ore as follows: Incoming resources Resources expended Movement in funds Unrestrlcted lunds Unrestricted funds 951.233 1558.1521 393,081 TOTAL FUNDS 951,233 1558,1521 393,081 15. RELATED PARTY DISCLOSURES There were no related party Iransactions IOT the year ended 31 sl March 2024. 16. RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Period 14.7.22 Year Ended 31.3.24 31 .3.23 Net Income for the reportlng perfod (as per the Stalement of Flnanclal Actlvmes) Adlustments for: Deprecialion chorges Loss on disposal of fixed assets Interest received Decrea5e/lincreasel in deblor5 Increose in credilor5 246,781 393,081 2.46 2,273 [1,275} 202.528 8.126 17571 1232.7201 26,378 Nel cosh provided by operalions 458.631 188,255 Page 19 continued...
NENE RIVERS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31STMARCH 2024 16. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES - conllnued 17. ANALYSIS OF CHANGES IN NET FUNDS Al 1.4.23 Cash flow Al 31.3.24 Net cash Cash al bank 176.881 459.906 636.787 176.881 459.906 636.787 Totol 176.881 459.90 436.787 Page 20
NENE RIVERS TRUST CIO DEtAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31STMARCH 2024 Period 14.7.22 lo 31 .3.23 Total funds Year Ended 31.3.24 Total funds Unreslricled hjnds Reslricled funds INCOME AND ENDOWMENTS Grants and Donatlons Donolions Gron15 Gift from RNRP CIC 425 263.581 425 722.100 595.254 458.519 355,222 264.006 458.519 722.525 950,476 Investment Income Deposit account intere51 1.275 1.275 757 Total Incomlng r•sourc•s 265.281 458.519 723.800 951,233 EXPENDITURE CharStable acllvltles Wages Sociol security Pensions Slafl mileage Project costs Marketing Legal lees Grants to institutions 167,711 10.661 8.423 3.602 29.992 10.207 3.820 167,711 10.661 8,423 3,602 101.248 13,887 5,268 5.154 247,498 16,514 10,464 5,171 32.601 19,487 2.340 55.596 71.256 3.680 4.154 235.416 80.538 315.954 389,671 Olher Enlerlainmenl Subscriplions 602 924 178 1.456 1.634 178 1.456 1,634 1.526 Svpport CQs15 Thi5 poge does not form port of the slolutory linanciol stotemenls Page 21
NENE RIVERS TRUST CIO DEtAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31STMARCH 2024 Period 14.7.22 lo 31 .3.23 Total funds Year Ended 31.3.24 Total funds Unreslricled hjnds Reslricled funds Support costs Manogement Wages Social security Pensions Ollice machine hire & repair5 Rent Conference costs Insurance Website and IT Telephone Postage ond 51alionery Advert15ing Sundries Project Costs Repairs & renewa15 Hotels Childcore costs Depreciation Lo55 on sale ol tangible fixed assets 92.969 9.018 4,587 2,413 92.969 9,018 4,587 2,413 3.584 827 3,307 4,337 720 163 2,346 2,868 9,303 55,042 5.028 2.552 859 1.194 827 3,307 4,197 720 163 2.346 2.868 3.089 2,811 2.005 1,530 18,69? 11.960 6,214 21,934 1.868 1,713 2.273 1.136 571 2.466 1,194 571 2,466 134.266 6,412 140,678 129.468 Flnancè Bonk charge5 Interest paid 128 128 129 129 Govèrnonce costs Tru51ees' expenses Accountancy lees Legol lees Payroll c0515 704 9.142 704 9,142 23,993 13.214 8.778 8,778 18.624 18.624 37.207 Total resources expended 388.613 88.406 477,019 558,152 Net income (123.332) 370.113 246.781 393,081 Thi5 poge does not form port of the slolutory linanciol stotemenls Page 22