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]l￿nS 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]1￿1 of TEths' Rwnsibijities 2to4 Stat¢m¢nt of Finauc￿l 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 TnL￿e¢s. re[￿ tk [ma￿la1 statements iti acwrdance tF£ United Kingdom Accounting Standar(L8 {Unit¢yJ K￿8d0￿ Generall) Acceptd A¢￿U￿ting Practict) aud applicable law and regulations. CO￿p8￿Y 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 p￿lO(L Jn prq)ann8 these fillallcial 5tater(Mts. tk TDJstee5 are r¢quired to.. select suitable accounting p)licies a￿1 appty t1￿1 C4)n•-. obserEE the metho(L8 andpiinciples in the (tharitie5 SORP" tDake j￿1geme1]tS and estirtjates that are re￿nable ard pr￿. stste irf)ether applicable UK ACCO￿11￿8 8tslldards haNE follO￿Ed, subj.ect to ans nmterial deEHrt di*losed and explained in t￿ r]]Jattial Ststen￿￿ts. ard prq)are the fIna￿la1 statements on the .ry>ins (X>￿ iwis ￿)1￿$ it is inappyopriate to that the bhaEitable ¢ornyaEL)' I￿ill c4)lltillu¢ iu ixLsiness. Tbe Ttustees ar¢ Iesy>nsible forke¢ping adequ&e atCOUAlillg records thai are s￿￿1¢1¢nt ts> and &xplaiti the haritable (0]nF￿N 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]llanc￿l 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 r￿Onable rt¢ps for pr¢v¢ntion and del￿tion of fraud andother ￿"ties. Page I The River Stour Trust Limited Trn$tres' Report The Trnste¢s. ditwtors for the p￿￿seS of coD¥an)' law. pr¢s¢nt the annual teprt together tbe f]nancial stst¢m¢nts ofthe Ch￿ilable compny for the year ejxkxl 31 Ik¢ern￿ 2020. Trn$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 (￿r￿sted (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 SiEn￿ons (resi￿ed 30 March 2020) A Tbon]as Strueture, 2oTr¢rnaDce and Ma￿agement N4lMTe ofgoverning docume Th¢ ¢haritV is a CO￿￿. IiD]iled by guardnlee aad is goirr￿d 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: rAi￿able riiErs ajxl inland ￿?[¢r￿3v$ 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 M￿St be apryov The Council meets regularls". at least $th titne5 a Nrat. The ad[Di￿tion of the Trust by Cour£il is ¢￿￿entlY assisted through tbc operation of the folloiiryn8 con)ti)ittees: Sudbwy laoaÈ Owations . deab b￿]n8 aGIl￿tieS frolll Sudbw.. Great Q)rnard and Great Hentty. nedham Vale BOat]￿(r . d¢a]s Mith Ix*tm8 actiiryttes bett4E¢n Strdrford St Mary. Flatford Deilham and catta￿ade. The Trust Telies on N'olunteers lo help oyganise its actiiuties and el'ents, iticluding keep]n8 the n#ii8ation clear. restorin8 locks al￿ other naiigatioll struotute5. ¢teMiug the tiip tK>ats. tUllDiDg the tea 100sn and fi￿d.raiSin0 The Tvjst cmploys a m2U te￿￿ of ￿id stsff to ossi4t in its operntions i]KI￿j1￿ a MaTn8er alld AdMIt￿trati￿r Assistant Ov￿¢1￿8 all da!'.t(FdaTr' enquries aad 'fr￿1 nkgoaw8 i'enue$ 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 C*r¢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 preserv*ion. 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, co￿peration Tryiih other th￿leS 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 co￿perate 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 Main￿na￿e 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 don￿10￿ 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 redll￿d 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 m*Jner and put them back inio winter storaue. F￿h[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[D￿len4ed 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)se￿ger iranspoTI. .4s of lutte 2019. VAT wa5 longer applied to the lrip boat in¢owne, precI￿d]ne Frdneis J Batten which would remain siandard rated. and e￿d¢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. Pl*ns for future period5 Aims t M'as profJt2bl)' Mith oood inc(Trtne from its boatinn and oiher activities which enabled us io coniinut to fulfil our core aims ol maint21niDg and dtveloping the river intrn5ti.uittu￿ 25 I￿11 as inrrtsdu¢iNu and educ21ing the public about the Rii'er Stotjr. We will a150 rei'ise *]d llpd?te our specif1¢ plans for rtver and bozt Ma1￿¢￿anCe which haye been on hold for the past 18 tnonihs. The annual re Was roved bv the trU￿ee$ of the clwity on L) September 2021 and sI￿d on its behalf by.. P E Br•verton hairtman and Tnislee Page 4 The River Stollr Trnst Limited Independent Examinerfs Report to the trnstees of The River Stour Tn￿t Limited I report to the charity truste£4 01] my examiT*tion ofthe aLwunts ofd* clwity fortheirar avled 31 DeLETnlKr 2020 which are set outon r¥s 6 to l& Respective tZSPOD5knthties of tr￿Stee$ and e￿Miner the Gharity's tnLSt¢es of The River Stour Tft￿l Limit&J (and atso its dIr￿toTs 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¢ a￿Unts0f 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 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 Y￿r Ended 31 December 2020 Asset class Boat5 Depre¢i*tion 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 Perfon￿ed 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 COn￿erti￿le to a kno*Th #mount of cash and are subj￿1 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 cOu￿t of biisines5 from suppliers. .4ccounis pa%able ￿ classified a£ c￿rrent 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 S￿b$equEntIv measured • amrtised cost Iising the effecrtN'e interesi tnethod. Fund strn¢ture Ilnrestricted income fvnds are general funds thai available for use at the trustees's discretion in fiJrtherJn¢¢ of Ihe ObjeL￿1veS of the iharilv. Restriited inLOm¢ fiinds are those donateil for use in a particular area or for specific purposes the use of w'hich 15 resiricted io thai a￿a or putPD5t. Page IQ The River Stour Trust Limited Notos tD the Financial Ststements for the Year Ended 31 Decetnber 2020 3 Income from dongtions and leg2¢its L.nrestricttd funds Total 2020 Totsl 21b19 General Donations leJiy cies.. Donations Gift aid reclairned 4.064 4.064 4,064 4.064 7,)28 4 Ineome from tharit%ble acti)iti UnresÉricled Rtstricted r￿ltdS Total 2020 Totsl 2019 CeDernl Boat operdtions Granarv operations Tea room Granarv b2r 6,085 3.li5 10,1) 16,085 3.135 150.607 IB.396 .008 1.70:, 10.92 i 0.000 184,577 5 Income from other trading a¢tivitits Lnrtstricted funds Tot#1 2020 Totsl 2019 CeheTal Trading income.. Sale of Trust lints Mernbership subscrtptions Coi'id support Tnsurai)ce pr()ettds- IIEC V A T clairn Otlier income Ioi 5.624 5.630 foo 5,i80 6,074 i.101 89.080 89.080 Pa8ell The River Stour Trust Limited Note5 to the Finaneial StateTnents for the Yvar Ended 31 Decetnber 2020 6 lllve5tment ineome Unrestricted f￿r1d5 Tot#1 2020 2019 Interest receii'able and Similar incoTne= Interest re¢eivablt on bank dep)si1S 19 19 7 Analysis ofgovernanee and support tosts C_'haritAblÈ #rtil'ities ejpeoditure hi. fuEd tl'pe IlnrÈstricted Rtstritted runds Total 2020 TotAI 2019 Boat operations Grdttary operations Fundrais&ng & 50cial ei'enis 5.089 1.960 14.083 1.96Q 78.488 7.189 27 'isiior EducatEon Centre VEC- Insurance expenditure Tea room Gr8nary bar Support costs 854 854 ?06 5.070 5,Q70 5.062 ?,49j 561 66.0.1 561 75.79) 76.969 79.iii 18.766 173,506 Page 12 The River Stour Tr¥5t Limited Notes to the Financial Stat.-ments for the I'exr Ended 31 December 2020 Support to$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 fu￿dS 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 a￿d 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 relmbu￿ed 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 EYarnin￿lon of ihe fEnanC1￿ s[ate￿entS 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 Ta￿lon. Paue 14 The Rii'er Stour Trust Limited Notes to the FinancKal Statements for the ￿"ear Ended 31 December 2020 13 T4Th￿ble 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: #MO￿ntS 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 I￿to￿l￿g resources liesour¢e5 expended Unrestricted fknnds G￿ner￿/ LTnrestricted Funds 494.632 179.7Jil Restricted f￿ndS SSM Lock 619,168 LL)ck & navigatton m￿t￿enence 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 fu￿dS 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