Company regigtmiop number.. 009i8670 Charsty reoistraiion number. 257806 The River Stour Trust Limited (A company limi*d by guardnÉee) Annual Rep)rt Financial Statrments for the Year Ended J l De¢ember ?O?O Burdett Kinx AccountarKy Limited Independeni Examin¢r 8 The H2M]lnS NeHTrarket Suffolk CB8 ONF
The River Stour Trust Limited Reference and Administrative DetaiLs Trnstees E G Barrell P E Brewerton S A Durham R J Kearton J D Lunn. Company Secretarv J T Parkinson M J K Rogers A Thomas RegÉstered Office The Granary Quay lane Sudbury Syffolk C0102AN Cornpany Registration NuTnber 009i8670 Ch4riry Registr#iiotl INumber 257806 IndependeDt Examitier Burdett King Accountancy Lim[1 Independellt Examiner 8 The HamiltoA N¢wmarkei Suffolk CBS ONF
The River Stour Trnst IAmited Contents State]11 of TEths' Rwnsibijities 2to4 Stat¢m¢nt of Finaucl AcÉivitr&% Balauc¢ Sheet Notesto Fitian¢ial Ststements 8t0 18
The River Stwr Trust Limited Statement of Trustees. Responsibilities The TnLStees (who are the director5 of The River Stour TnLd Limited for the ptrposes of cojnpany ]aw} are restM)nsible for prepari the TnLe¢s. re[ tk [mala1 statements iti acwrdance tF£ United Kingdom Accounting Standar(L8 {Unit¢yJ K8d0 Generall) Acceptd A¢Uting Practict) aud applicable law and regulations. COp8Y laTh' requir the Tru5¢s to prqTrar¢ for e¥h financi31),e. Un¢kr ¢ollJpany law the Trustres nf>t approNe Ihe financial esS theTr ore Satisf that the!, giiE a true and faiI viLiI' of the stsie of affairs of charitable conjpan!. ard of its incomm8 rewuttrs and appb"cation of r¢¢ including its income and expenth"ture, for that plO(L Jn prq)ann8 these fillallcial 5tater(Mts. tk TDJstee5 are r¢quired to.. select suitable accounting p)licies a1 appty t11 C4)n•-. obserEE the metho(L8 andpiinciples in the (tharitie5 SORP" tDake j1geme1]tS and estirtjates that are renable ard pr. stste irf)ether applicable UK ACCO118 8tslldards haNE follOEd, subj.ect to ans nmterial deEHrt dilosed and explained in t r]]Jattial Ststents. ard prq)are the fInala1 statements on the .ry>ins (X> iwis )1$ it is inappyopriate to that the bhaEitable ¢ornyaEL)' Iill c4)lltillu¢ iu ixLsiness. Tbe Ttustees ar¢ Iesy>nsible forke¢ping adequ&e atCOUAlillg records thai are s1¢1¢nt ts> and &xplaiti the haritable (0]nFN s trayJsa¢tioos and disclose i%ith re4sonable accurac)" at any time tbe ftnancial )sitiOn of the charitable conwn}' and enable them io engJr¢ that tk f]llancl 5tat¢llMts Ix)ll4TrlJ' Co¢& Acl 006. TheTr" are al resw)nsbL le for saf¢gwdirg the assets of charitabl¢ comtAThy and hence for taking rOnable rt¢ps for pr¢v¢ntion and deltion of fraud andother "ties. Page I
The River Stour Trust Limited Trn$tres' Report The Trnste¢s. ditwtors for the pseS of coD¥an)' law. pr¢s¢nt the annual teprt together tbe f]nancial stst¢m¢nts ofthe Chilable compny for the year ejxkxl 31 Ik¢ern 2020. Trn$t¢es F. G Barrell P F. Brew'erton S A lknham {aPTK>iUted I l Ma!. 2020) R A I. Foster (resign 7 JanuaTh' 2020) K R (rsted (resi8ued 16 JauuaTh" ?020) R J Keorton (app)illted 7 Janu8Th 2020) J D Lunn. CollLPW Secretary J G Mollis (resigned 16 Februari" 2020) J T Parkisjson law]nted 8 5uu¢ 2020) M J K Rog¢ts (appointed 8 Julle 2020) G L T SiEnons (resied 30 March 2020) A Tbon]as Strueture, 2oTr¢rnaDce and Maagement N4lMTe ofgoverning docume Th¢ ¢haritV is a CO. IiD]iled by guardnlee aad is goirrd bi. its Memorardum of Associatiott and its Articles of Associatioty Its pww>s¢ is. to q>1¢ froTn that Th¢ preservatio maintcnance in good order glld iwvement of &tDals: rAiable riiErs ajxl inland ?[¢r3v$ for the usc (>f th¢ public., In accordance yth the Arti¢le5 of A&welatio the Members of council are elect&1 bi. a at the ACTts£ Mith one third retirin8 each }'¢ar. VaGaucies call be [ed b!. apy>intmenl of the existing Councxl. t OAlI' til th¢ ACTM en their aapoiTrtment MSt be apryov The Council meets regularls". at least $th titne5 a Nrat. The ad[Dition of the Trust by Cour£il is ¢entlY assisted through tbc operation of the folloiiryn8 con)ti)ittees: Sudbwy laoaÈ Owations . deab b]n8 aGIltieS frolll Sudbw.. Great Q)rnard and Great Hentty. nedham Vale BOat](r . d¢a]s Mith Ixtm8 actiiryttes bett4E¢n Strdrford St Mary. Flatford Deilham and cattaade. The Trust Telies on N'olunteers lo help oyganise its actiiuties and el'ents, iticluding keep]n8 the n#ii8ation clear. restorin8 locks al other naiigatioll struotute5. ¢teMiug the tiip tK>ats. tUllDiDg the tea 100sn and fid.raiSin0 The Tvjst cmploys a m2U te of id stsff to ossi4t in its operntions i]KIj1 a MaTn8er alld AdMIttratir Assistant Ov¢18 all da!'.t(FdaTr' enquries aad 'fr1 nkgoaw8 i'enue$ and EKK)k. coordinatlng e(lJGatio]M] sits and outreaclL proiid]Dg swrt to the TnL8tees ai helping to promote the'fn2St and its actiwtie> A Cr¢taLw aDd a CleaDei caTTh' Out %he(lu]ed tasks at Tk CJrdll8n" and Visitor FAIuc8tion Centre (VF.L) iiq]ilst a Bar Managf¥ tsk"r5 an lead rok on Ew requitemellts prillth" }' for fullctio at The Granary. Pa8e 2
The Rii'er Stour Trust Limited Trustees, Report ObjectiVC5 a¢tivÈties Objectives, SlrlllegiÉ¥ ondoetiviiies Th¢ strateg), of the Trllst is broadly twfrfold. Fi]stli Ihe a¢iive preservion. maijitenance and improveineni of navioation struciures on the River Siour, principalty locks. Secondl>. education and increasing public awarene5S and use of the River Stour ¥ a rtavi¥atÈon. The Trustees believe that this approach elettrl), demonsEr2tes the public benef¢ts that the Trust wishes to achieiie. 'rhe fnist raises funds Ihri)uuh revular ailll Illii and tK-Lllts. l-hesc iiKludc boaiinc. rrips. social and cducaiional events on and off the riytr, coperation Tryiih other thleS with all Interest Irk the river, rentsl of our buildings Vhen noi in llse by ihe Trnst and acquirino land and buildings iithtre ihe5e promote our aims. The TTUSI hag policy of rai5inu funds as and uthen needtd for major projects. We coperate with otkr organisa¢ions that have an inieresi in the Stour navigation particularly the Environment Agen who ar¢ th¢ navigation authority. AchieiEments undPerforman£e 2020 started well for the Trusi. After a productive wnier Mainnae period the Sudbury boats ivere duls, launched read). for ihe sta¥( of the neil. season_and the Dedham I'ale boats i%rre also Tead}' for launching. Then the Covid-19 pandemic hit U5 In Marrh 2020. This resulted in a complete 5U5pensÉon of boatinu enue hiTe and lea rooTn a¢riviti¢s. with a consequent drastic reduction in oui income. Thanks to Governmcni Aid, includsiig the Job Retrntion Scheme and Small Bwin¢ss GtanL togtther 7th membership income and donations from members and others our financial position Is noi as dire as it could be. We a150 took on a'bounce back, ltsan of £ )O,000 ai very favourable rdits. Ive also received a don10 of £IO.000 from ihe M'indin4 up of Rii'er Siour Boatin£ iviih the proviso Ihai it was ringfenced for jeuv maintenance and other improiiernents Ihai beiiefii canoeisis. Thank's (Fil io SieK'e Klan# ot R%18 Ji)r this. The Irustee5 continued to meet regularlv. via the online facilily o(Zwm 3#d dtscussed many issues. Foremost in our deliberations ivas the safeThJ of our SLqff. volunteers and ihe public. E¥'ea when sorn¢ of the lo¢kdown restrictions were lifted we decided that it IIOE safe io re-stsrt Olkr boat trips. We also held an online AGM. However we did run Sudbury to the Sei albeil with a redlld nwnber of craft and with full social disLqncing. This was v¢ry muclj appreclated b). the carx)eing communiry and broughT soJne much-nrdcd We continued (o ne(Foiiate ihe Dedham MÈll Manaoement Compan!. over (he le&ge on Dedharn lock. Ch&#ges in Ehe man4oement of the DMMCL have hindered this process bui nevertheless some progress h&£ been mad¢. We conijnued on the rebuild of the VEC. although this t> was hi]kler¢d by Maleri supply and other isslles caused b}, the wdemic. Ve continued 10 be represenied on Ihe Rt%'er gt()ur ljsers Cjroup and the Qua!. lane TtUSL 2lthi)ugh iitiiher of Ihese bodies Imei fate En fate_ It) June we fearured in a live Anglia It which was later shown wionallv on ITV. Fen Bridge betsveen Dedham and Flattord Was closed fooE trdtTic in June 2020 and while it has not been a problem in 2020 as we wert not ntnntng boats in thai artr& li Ivill seriousl!, affeci our operations once ive do retum. A rther corEsequence of lockdomm. M,hi¢h became apparent It tht sttmmer. w2s the drastic irtcreasc Iii river users. many ii'ith Inflatable canoes or paddleboardi bui also si%immers. The Tru51 involi'ed in online and email discussions WiTh ihe Ertvironment Agenc} and Yarious parish councils over this issue. Page 3
The River Stour Trust Limited
Trustets, Report
When th¢ restrictions were eased briefl%' latet rn the %'ear we did operate a few crew trdining thps. We also took
the VPPOlTunil) to bring the boats a5hote ID a )cial disianctd mJner and put them back inio winter storaue.
Fh[l£. benefil
The Trustets confJTrn that they have complied with the requiremet)ts of section 17 of the Charities Act 2011 to
have due regard ¢0 the public b¢nefLi guidance published bv the Charttv Commission for Eogland and Wales.
Finartciyl revAew
In late 201 8. a TTUSt member djstoi'ered ihat rhanges to VAT re¢ulatlOll5 IWAT Notice 744AI meant incotn¢
from tht Inajoril). of the Tru&l'5 trip boat5 cDuld be i.erv rated. The frust apppinted SafferN' l-hampness, as
recu[Dlen4ed bi, the Inland l¥'aitr¥¥&is .4uihLirii¥ i111'.41. 10 LlariA- oiir enriilemtnl and 10 a5515t i¥'iih a h15roric
claitrE 10 HIqRC- for oulpui t&1 2ncorrfcili' declattd on the prvviston of zeTrrated pa)seger iranspoTI. .4s of
lutte 2019. VAT wa5 longer applied to the lrip boat in¢owne, precId]ne Frdneis J Batten which would remain
siandard rated. and ed¢ll¢e to support our clatm a5 collated for a claim dating back to 2016 (subject to the 4
year c2ppill(r provisionsl was to be submitted to HMRC. The claim ivas accepted and £27,252 was received
frorn H.MRC in this reported year.
At the tnd of this difficult year ihe Trust is pleased io report a surp1% otincome over expenditUTe of £15.770.
Plns for future period5
Aims
The River Stollr Trnst Limited Independent Examinerfs Report to the trnstees of The River Stour Tnt Limited I report to the charity truste£4 01] my examiTtion ofthe aLwunts ofd clwity fortheirar avled 31 DeLETnlKr 2020 which are set outon r¥s 6 to l& Respective tZSPOD5knthties of trStee$ and eMiner the Gharity's tnLSt¢es of The River Stour Tftl Limit&J (and atso its dIrtoTs for the PUTwses of rA)mp2ny law) you a respongjble for the preiAIatÉon of tbe acLx>uDts ID accorda? with the wuirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied mJ5¢1f tkt th¢ aUnts0f The River StourTrust Iamited are t required to audit¢d w Part 16 of the 2006 Act aryl are eligible for inthpatht ex&n]natio I reEQrt in res of my examirAtion of your charity's accounts ¢Ti¢d out UT¥kn section 145 ofthe Chrttie5 Act 2011 ('t 2011 Ad'}. ]n <wing out my examination I have followthe D[[tiONS given by the Chasity Commi&%ioT] section 145(SXb) of the2011 lttdepeod¢fjt examwe3 stht¢m¢llt I have completed rny ¢xaminatiorL I confinn that matters have ¢orn¢ to my attention in cOnDlI0n with the examination gsviTrg me cause to lieve.. l. a¢¢ounting record8 were not kqx ID Tt4¢t of Tr Rivff StOUrTn Limited as required by section 386 of the 2006 ACL or 2. accounts th Th)t xrxx)rd withthose recon. or 3. the ac(x)unts d) not cr)mpty with the aruntIl¥ requirements of section 396 of the 201JS Act other than any requireme that the alrounts give a ¥Je and fair VIC which is not a matter L%)Dsidued as trt of an independent ewnin2tion" or 4. the aecounls have not been wepred in 8ccordall with the method5 4ywJ PriTlP of Ststement of Recommen1 Practi for accoumtng and re[x)rti by cljarities [applicable to chariiies weparing acwunts in accordance with the Financi Reprting stan arolicable in the UK •KI Republic of Ireland IFRS 102)]. shckuld be drawt in this report in orderto le a prow Undu#aNil ofthe a¢counts to be reach&1 Lisa King IndeEent Clrter¢d Certified Ac¢ountant 8 Th¢ Hamiltons &1rket Suffolk CB8 ONF 23 Septemter 2021 Page 5
The River Stour Trust Limited Ststement of Financial Activitt&s for the Year Ended 31 Decejnber 2020 (Including Income and Expendithre Account and Stateellt of Totsl Recognised Cains and LIse$) Total 2020 Tot21 2019 Note Ille0e and EDdowmeAts fmm: Donations and le.ryie5 Charitable activities Other trading activttits Jnvestrn¢nt inwme 4,064 lo.8 89.080 19 10.IKKJ 20.928 89.0 19 184.577 15.494 Totsl ittome 104,091 io.w) 114.lYJI 207.410 EXndItUte on: Charitabl¢ activities (79,555) (18.7f6) (98.321) (173,506) Total expertditure (79,555) (18,7(0) (98.321) {173,506} Net sncomel{exp¢nditure) 24.536 (8.7 15.710 Net movement in fuThLs 24536 (8.760 15,TlO R¢¢oll¢iliatioB of Tota] furwis brought forward 594.63? 226.816 821.448 787.544 Totsj furKLs ¢aThied forward 18 619.168 218.050 837218 821,448 All ofthe charity's aLlivitie5 deri fromcontinuing op104 thiriDgthe ah)ve two wiods. Thr fitndsbreakdown for2019 isshown it) Tr)le l& Page 6
The Rier Stour Trust Limited (Retsistration D¥Jmber: 00938670) Balance Sheet as at 31 Deeember 2020 2020 2019 Noie Fixed #55els Tanuible assets 698,5iJ 713.190 Current ssets Stocks Debtors Lash ar bank 2nd in hand 2.056 1.878 3,001 14 16r),000 171.301 Creditors.. Amounts fallino due wilhin one year Net current assets 16 12.6361 (18.4001 168.665 108 9)8 Tot21 gssets less current liabilities 867,?18 8*1,448 Creditors: .4mounts fallirsg due after rnore tha one year Net assets 17 l_)O.000 8!1,448 Funds af the chgrity: Restricted intome funds Restricted funds 218.050 6.816 Ilnrestricied income funds UnresTri¢ted funds 619.168 Tot21 funds 877.218 S21,448 For the finattcial year ending i l Dectmber ?O?O the chariES' Wds eTrtided to exemption from audii under settion 477 of the Companies Au 2006 relating to small Companies. Directors. responsibilities.. The membeT5 haNe not required the charity. to obtaÈn an audit of ats ac¢oJnts tor iht year in questson in Lccordance with seciion 476" and The directors KnOledge theEr responsibilllies for tomplying with the requirtments of the Act i%'iili respect to accouniillg records and the preparation of acco1. These accounis have bec prepared in accordant¢ with the provisions applicknle ro cornpanI subject io the small con)panies regime. The financiJ 5tste¥nents o September ?0? pages 6 to IS were appioved bv the trtssiees, and authorised foT issue on 2) on rheir behalf by. P E Br¢werton Chairman and Trustec Page 7
The River S¢our Trust Limited Tr4otes to the Financtal Statements for the Year Ended 31 December 2020 I Chgrity st¥ttus The LhaFTrtI' is li¥niEed bv guarèniee, iiicorpordied in England and 14'ale5. and cot55¢quentlv doe5 It have share ¢apTial. E3¢h of the tyusteei is liable to cofttribule an amount not exceeding £1 toward5 the assets of the charity ID rhe ev¢r2¢ of liquidation. The address of tts registered office is.. The Granary Quay Laiie Sudbury Suffolk C.010 2AN These financial statements were ahOrist for issue by the trustees on 2J September 2021. 2 Accountill£ policTes SummArF of stgnificant accoulltillE poliries keTr Zctounting estimale5 The prinLipal accounting policie5 applied ITr the prepardtion of these financial 5tat¢ments are set out below. These policies havt been ¢tstL<isienilv applied tLI all the i*ar5 PleS¢ll1. unless othenvise <tated. Statement of ¢ompliante The finaiTr¥ial st3t¢ments have en prepared in a¢¢ordapce with Accountin and RrtIng by Charities.. Statement of Recommenddf PTa¢tice applieable 10 charities preparing their a¢¢ounts in accordance M'ith the Fin2ncial Reporting St8nd2rd applicable in The LTK attd Republic of Ireland IFRS 1021 leffective l January 20151- ICharit5es SORP IFRS 10711. Ihe Financial Reponing Stsnd3rd applicable in the lJk and Republic of Ireland IFR8 102)- They a150 Cotnply thr C.ompanÈ¢s Act 2006 and Charitits Act 2011. BAsi5 of prepardtio The Rii'tr Stoui Ttvsi Ljmiied meets the definition of a public benefit entitv under FRS 102. Assets 2nd liabilities are initially recognised at histori¢al Cost or trdnsaction value unless otherwise slated in the relevant at¢ouiiting polici. n(Trte5. (Joiag ¢0Cern The trustee5 COT15ider that there are no maierial uncertaimie5 about the eharth É ability to continue &5 a going concern nor any si]rIcant areas of uneertaintv that affect rarrvin2 value of assets held by the charii!.. ExÈmptioft from preparing a cash floY+' 5t#teme#t The chartty opted io earl adopt Bulldin I published on 2 Febrnarv ?016 and have therefore JM)t included a cash flow 5tattTnent in these financial statements. Income endowJDetLts All income j5 reco(Tnised orKt the ¢haritY has entitlement to the in¢ome. It is probable thai tht inrome will be received and the amount of iht incorne re¢ei%'able trdn be measured reliabl!'_ Page 8
The River Stour Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2020 Df)nQiions legoLies DonaiiL¥ns are reLtsgTrised Hthen Ihe ehariw has bcen noiifred In iiTiiing of both the arnouni and geiileineiil dale. In the evenr thai a donation 15 subjetl lo condition5 thai require a le%"el of perfoTTn&nec - the Wliariry, before the Chartiy Is entitled io the fllnds. the ineonje is deferred and not recognised unijl either ih05¢ o)nditions art fully mei_ or the fuifjlfflent of those condilions is thlli iviihin the control of the charTts' and it is probable ihat these £oRdiiions will be fulfilled tn the reporting pertod. IhvesimÉnl income Di¥'Idends are recognised once the di%'idet)d has been dcclared and noiificaiion been receiv¢d of ilit dividend due. Expenditute All expenditure is recounised once there is a legal or consrructive obligaiion io that expenditure. it is probable seitleineni Is required and the amounr Can be measured relrably_ All tosrs are allocated to the applicable exptndilure headino Ihai atsuTeoatt 51milar costs lo Ih31 caieoorn". ..here costs cannoi be dire¢ili' 2tIFiliuied io pailicular headin5 ihe), have been allovaied on a -1S Lo[151Cl Il'lth the llse of rcsourLe5. I5'lth ceniral statT C051s alloi&ted lin Ihe basls of time speiii, and depreCiaiill iharLtes alloiaied oli ilie wniun of the Sey S use. Other supwrt costs are dllocaied bastd on the spread of SEaff Costs. Charitsble expenditure comprises thos¢ ¢osts incurred by tht charih. in the delii'ejv of its activities and servites for its beiieficiaries. It in¢ludes )th costs that can be allocated directly to such activities and those costs of an indirect nature nete5sary to suppon d)em. Support costs Support costs include central funcEiotss and have been allocated w acti11. cost caiegories on a basis consistent wilh the use tsf resources, for txalnple. allocating properts. COS b> floor are&s, or per capita. srAff costs by the time spent and other costs by their e. CJOI'entance costs Thes¢ include Ihe costy attributable lo the eharSTh1 r's colnpliance m.iih consiiruiional and statUtt)ry requiremeftts. in¢lvdiii£ audit, strdiegjc managemen( and trusiees's me£iittgs atxl reimbursed exyense5. Taxatio The charity. is considered to p&ss the tests sei oul in Paragraph I Schedule 6 of the Finart¢e Aci 2010 and therefore li meets the definitiott of a ch&ritsble c4)mpanv for L. corEK)rarion purposes. Accordingl5'. Ihe cljaritr is potentially exetnpt from taxation in respect of irtcome or capital gaiffts received within categories overed by C.haptcr J Part I l of the CoFpofdtion T&x Aci ?010 or Section 256 of the Tlxation of Chargeable Gains Aci 1992, to tht exienr Ihai such income or (kaitts are applied eyclusiiielv to ch3ritsble purposes. Tangible fixed asset5 Tndividual fixed sets are iDFtially recorded ai cost: les5 arry subsequent acc¥mulared depreciation and subsequent accumulated impairmefti losses. Depreciation #nd amort15ation tkpieciaiioii is prol'ided on taaoible fixed assets so as To wriie off rhe cosi or Valuatio less any estitnaied residual i'aluc, over rheir expected usefijl economic life a5 folloMs= Page 9
The Rii'er Stour Trust Liniited Notts to tbe Finaneial Ststemeuts for the Yr Ended 31 December 2020 Asset class Boat5 Depre¢ition method gnd rate l i reduting balance15VD StraÈght line ?Ott/ reducing balance reducing balanc&20/ts Sttaight line Pumps & equipment Stock Siock is valued at the loiver of and ¢#rmaied selling price less ¢05ts to eompleie ar]d sell. after due regard for obsolete and slow moving 5tocks_ Cost is deteTmined usin(k the fir5t-in, fitst-oui (FIFO). Trade debtor Trade debtors are amounts due froTll cusiomer5 for nJ¢rchandise 501d or 5¢rvices Perfoned iii tlie ordinary course of businesi. Trade debtors are recognised initÉallv at the transaction prÉce. The% are 5ubsequentlv mwured at amortised cost using the effective interest method. less provision for impairrneni. A provisioll for the impaimient of irade dtbtors ts t5tab1&5hed when there is obje¢tive evidence that ihe charttv will n(rt be able to collect all amounts due according to the origittal tern)s of ihe re¢ei%'ables. C#sh and cash equi'alenis Cash and cash eqiiiyalenis comprise on hand and call dewsit5. and other short-terjn highl). liqutd investments thai are readily COnertile to a knoTh #mount of cash and are subj1 to ao insignifiiani risk of change in value. Trade creditors Trade credilor5 are i)bligatiLins io pai. for ¥oods or s¢r¥ices that ha%'e beetj acquired in the vrflinary cOut of biisines5 from suppliers. .4ccounis pa%able classified a£ crrent liabililies if the charity does not have an unconditional rtghi at the end of the reporting period, to deftr settlernent uf the creditor lor at least twclve months after the reporting date. Ir there is at) unconditional t to d¢f¢r selllemeni foi at Ivdsi nvelve Tnonths after the reportin£ date. thev are presenied as rEon•¢urrent liabilitie& Trade creditor5 are rero4nised initially ai the transattion price and Sb$equEntIv measured • amrtised cost Iising the effecrtN'e interesi tnethod. Fund strn¢ture Ilnrestricted income fvnds are general funds thai available for use at the trustees's discretion in fiJrtherJn¢¢ of Ihe ObjeL1veS of the iharilv. Restriited inLOm¢ fiinds are those donateil for use in a particular area or for specific purposes the use of w'hich 15 resiricted io thai aa or putPD5t. Page IQ
The River Stour Trust Limited Notos tD the Financial Ststements for the Year Ended 31 Decetnber 2020 3 Income from dongtions and leg2¢its L.nrestricttd funds Total 2020 Totsl 21b19 General Donations leJiy cies.. Donations Gift aid reclairned 4.064 4.064 4,064 4.064 7,)28 4 Ineome from tharit%ble acti)iti UnresÉricled Rtstricted rltdS Total 2020 Totsl 2019 CeDernl Boat operdtions Granarv operations Tea room Granarv b2r 6,085 3.li5 10,1) 16,085 3.135 150.607 IB.396 .008 1.70:, 10.92 i 0.000 184,577 5 Income from other trading a¢tivitits Lnrtstricted funds Tot#1 2020 Totsl 2019 CeheTal Trading income.. Sale of Trust lints Mernbership subscrtptions Coi'id support Tnsurai)ce pr()ettds- IIEC V A T clairn Otlier income Ioi 5.624 5.630 foo 5,i80 6,074 i.101 89.080 89.080 Pa8ell
The River Stour Trust Limited Note5 to the Finaneial StateTnents for the Yvar Ended 31 Decetnber 2020 6 lllve5tment ineome Unrestricted fr1d5 Tot#1 2020 2019 Interest receii'able and Similar incoTne= Interest re¢eivablt on bank dep)si1S 19 19 7 Analysis ofgovernanee and support tosts C_'haritAblÈ #rtil'ities ejpeoditure hi. fuEd tl'pe IlnrÈstricted Rtstritted runds Total 2020 TotAI 2019 Boat operations Grdttary operations Fundrais&ng & 50cial ei'enis 5.089 1.960 14.083 1.96Q 78.488 7.189 27 'isiior EducatEon Centre VEC- Insurance expenditure Tea room Gr8nary bar Support costs 854 854 ?06 5.070 5,Q70 5.062 ?,49j 561 66.0.1 561 75.79) 76.969 79.iii 18.766 173,506 Page 12
The River Stour Tr¥5t Limited Notes to the Financial Stat.-ments for the I'exr Ended 31 December 2020 Support to$ts allocated to eharii¥ble actiiiiies GoTrern#nce costs Totsl ?020 Total 2019 Ststf ¢osts Depreciation Boat Operdtions Gr2nari' operaiioDs 'isitor Education Centre Tea roorn Granary bar l i.709 5.693 9,li8 46.?i4 7.884 9.7:0 lJ70 19 6.550 30 10.387 i.837 4,81i 9.1_18 76,969 Governance costs UMrestri¢ted fun Restritied fudS Total 2020 Total 2019 GenerAI Independeiii exan)iner fees Exarninaiion of the financiai sthtements Other fees paid to examtners Legal fees Depreciation, amortisatÈon and other similar cosis Other governance costs I,000 1.000 65 6.190 2,181 2.181 4.865 9,772 ?4.179 9,77ry .810 8 N'et incomingloutgoinv reSOUTces N¢t incoming resources for the vear include= 2020 2019 Depreciation of fixed assets 9 Trustees remutsération ad expen No trusiees. nor any persons connccted with them. have received any remuner*ion from the charity during the y¢aT. No twstee5 have received any relmbued exwses or an!. other btnefits from the chariN during the l'tar. Page li
The Rii'er Stour Trust Limited Notes to the Financial Ststements for the Year Ended 31 December 2020 10 tusts The aL(pregaie pasmll cosrs were as follows.. 21120 21b19 Staff eosts during the year were: Wages and arleS The montlil) average ntsmber of pe$ lincltsding senior man4uement team} emplo)'ed by the chariry during the year tkpressed as full rime equivalents follou5-. 20?0 2019 The average head count of employees during the year w&$ i 12019- 31 ofihe akkve employees partJ¢ipated the Defined Contribuiion Pension Schemes. Coniribution5 to the emplo}ee pensjon schemes for the ttl1¢d £8?9 {2019- £4861. o employee received emolumettts of more than £60,000 during the year. 11 Independent examiTheT'S remuMerJtion 21120 2019 EYarninlon of ihe fEnanC1 s[ateentS 1,000 1,000 Other fees to examiThers All orher services 100 l? Taxatio The charity is a retsisiered chartts. and is therefore exempt from Talon. Paue 14
The Rii'er Stour Trust Limited Notes to the FinancKal Statements for the "ear Ended 31 December 2020 13 T4Thble fixed #5sets L2nd and bulldan{F Pumps & equipmeni Fi¢iings Boats Total Cosi Ai l January 2020 444,818 201 il£ 170.i13 75.841 897 487 Ai i l De¢ember 2020 444,818 201.i15 170..713 7i,841 89? 487 Depreciatio Ai l January ?0?0 Charge for the year At 3 1 December 2020 110,916 8.60.- 48,091 179.!97 14,617 119.519 i,836 50,579 19.3,9J4 Net book valut At i I tk¢emb¢r 2020 444,818 81.996 146,477 698,553 Ai 31 Decembtr 7019 444,818 yO,i99 150.023 27.7fO 71.-).190 InLliided w'ithin Ihe nei bthik voliie of land 2nd buildings is £210.433 {:019 - £216.4.ij) in respeci of freehold land and buildings 2nd £?)8.i85 (2019 - £7?8.J851 rn respeci of leasehold propertv. Inelud=d In freehold property is £15.(100 relating io the cosr of land at Sudbury,, Siratford St Ilary and Flatford. 14 Debtors 2020 2019 Trade debtors Prepavments Other debtors {4451 663 2.167 245 15 Cash And cash tyuivalents 2020 2019 Cash on hand Cash at bank 476 168,)?4 478 169.000
The Ri*'er Stour Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2020 16 Crediior5: #MOntS f#lling due M'ithin one year 2020 2019 Trade cred(tors Other taxa(ion and social security VAT Other creditors Accruals 2,443 2,406 1604) 14,155 1.859 120.7221 18.096 50 .6_>6 18,400 17 Creditors: amounts falling due after one ye4r 2020 Bank loans iO.000 18 Funds Balance At I January 2020 Balance t 31 December 2020 Itolg resources liesour¢e5 expended Unrestricted fknnds Gner/ LTnrestricted Funds 494.632 179.7Jil Restricted fndS SSM Lock 619,168 LL)ck & navigatton mtenence Lighter ship Lock gwes qtratford lock 8ates & foothrtdgt Elettric boai tkdham Lock 5.0(Kl 5,000 lQ,iOO 10.01 78.0(K) 4.112 88.969 16.$001 110.7£7 (1.864) {150) 4_3.860 87,105 2,685 12,600 12,600) Total restricted funds 226.816 10.000 118,766) ?18,050 Ttstal fudS 198.4991 831,?18 16
The River Stour Trust Limited Notes to the Findn¢ial Statements for the Tr"ear Ended 31 December 2020 19 AnaIysi5 of net auets behwetn funds Unrestricted funds Rtstritttd funds Gtneral Desivhated Total funds Tangible fixed as5cts C.UTrent assers Curreni Iiabiltljes Creditots over l ycar Total nei assets 481.754 107.574 {16i6) liO.000) ?16.799 698.55) 6j.7*7 12,6361 130,0001 i56.692 216,799 837218 Page 17
The River Stour Trust Limited Notes to the Finaneial Statements for the Year Ended 31 December 2020 20 Related party tranvdctitsV5 During the year the charity made the following related party trarLsa£tions: Tlie Trllsi incurred Costs to the lue of £4.4?0 1?019 £1.609) The Thanies Electric iauncli Co, a compan). oKI'ned b). IK.IT EJnrhi"s BarTell. olle of rhe T¢s. No profil 'aS fflad¢ bN' The That-S EltLtric Launch Co or Emrhys Barrell. At rhe balance fiheei dale the amounf due IoitroTh wa% £NIl I•O19- %Nil}. Page 18