CAxnpany registration number. 00938670 Charitv registrdtion number. 257806 The River Stour Trust Limited (A company limited by gu8rall) Annual Rew)rt a]d Financial Statements forthe Year Ended 31 Deccmber 2021 Burdett King Accountancy Limited Independeni Examiner 8 The Harniltons Newmarket SutTolk CB8 ONF
The River Stour Trust Limited Reference and Admillistralive Details P E BrewertoD Trustees E G Barrell P E Brewerton S A Durham J D Company Secretsry J T Parkinson M J K Rogcr5 The charity is iTKOTP)red in EDgJand. 257806 Ch#rity Registration f4umber Indepthdent Examillr Burdett King AccounlanGy Limited IndependeEJt Examiner 8 The Hamilto5 Newrnarket Sllffolk CB8 ONF Registered Office The Grdnary Quay Lane Sudbury Suffolk COIO 2AN Compxtty Regi51ration Number 009i8670
The River Stour Trnst Limited Trustees, Report The Tnle¢s, who are directOf5 for the pUr[S of company law. prt5eTrt the aTUal report together with the rinattcial stst¢TEJent5 Of the charitable company forthe year end 31 Decernber 2021. Trustees E G Barrell P E Brewerton S A Durham R J K¢arton (Re$led 13 October 2021 } J D LunTL. Company Secretsry J T PainSOn M J K Rogers A Thomas (ReSi¢d 22 April 2021) Structsre? gowernxtste Inagement Nathre ofgOrnlH8 The charity is a fOTnpany ltmited by gwantre aThJ is governed by its MenM)randwn of Association and its Articles of Associatiort. Its Purpose is. to quot¢ from thai MeTnoranduTn Yhe preservatio maitiiemance in good order and improvet]]ent of canals. navlgable tivets •Jd inland wateaYS forthe use of the publi¢.' In accordance with the Article5 of Associatio the Mefflber5 of Council are electrd by a vote at the AGM. with one third retiring each year. Vacancies call k filled by app)inthi•Jt of the existillg Council. but only until the next AGM when their aapoantment musr be approved. The Council me¢ts rtgularly. at le&st six times a year. 11]e administration of the Trust by Cowjril 15 fUTrently assisted th]ough the operation of the following committee5.' Sudbury Boat Operatio5 - deals with blg aGtivities from sudb1. Gr Cornard and Great Henny. Dedham Va]¢ Boating Group . deal$ wtth boating tIVItIeS between Stratforrf Si Mary. Flattord. Dedham and Cattawade. The Trust relies on volutrteers help organrse its activities and eVLts, ifrKlthling kcq>ing the nawgation clear, restoring locks and other tjavigation structure4 creMiTrg the trip i¥Kts: ruDDin8 the tea room and fund-raising. The Tntst employs a small te&tn of patd staff assist in its operations including x Manager and Administrative AssistsDt overseeing ] day-to-day enquiries and Ttwst administratio managing our venues and bookings, oordinating educational visits and outrea¢h, pmviding 5UPW)rt to the Tntsiees aNI helptng to protnote the Trust and its a¢tivi¢ies. A Caretaker atld a Cleaner cany out scheduled rasks * The Granary and Visitor Education C¢ntr¢ IVECI whi]si a Bar Manag¢r takes an operatn81 lead role on bar rtquirements ptimarily ftir funrtions at The Granary. Page I
The River Stour Trust Limit1 Trnstees, Rq)ort Objettives and a¢tivities The strategy of the Tru# is broadly Thvo-fold. Fir#iy tht acttve Preservatio maintenance and impEf)vement of navigation struttur¢s on the River Stour, pnllcipaily locks. SOndlY. education and increasing public awarenes5 and use of the Rtver Siour a5 a na%igaiiort. Th¢ Trustees believe that this approach clearly demonstra th¢ publir beTKfits that the Tnjst wishes io achieve. The Trust raises fi]nds thtough regul activities 2nd events. These InclJe ErfTratin8 trips. s¢xial and ¢du¢ational events on and off the river. co-operation other bodies with an intrrell in the river. rental of our buildings when not in use by the Trust and atquiring land aTMI buildings whaE these pronJot¢ our aims. The Trust h&$ a policy of raising fijnds as artd when nttded for major proje¢ts. We (xFoperate with other organisations that have an interest in the Stour navRgation particuFarly the Environlnent Agency who ar¢ the navigation authority. Athievemétsts 4ndPerfornfyee As 2021 began Lockdown w&% still in effrt and the Tru5t'5 activities continued io be severely curtailed. However, we did resume some Ix)at trtps from July onwards. albeii with reduced passenger numben and an enhanced cleaning and soGial distancing regime. The Tta Room al re-opened with a table $ce operation for the outd¢y)r seating are& This brought in much [eded reven for the second half of the season. The furlough scherne eTrabled io retsin our staffing team in readiness for the re5umplion of norn11ty. Our office re[naiTh closed a member of staff worked motelY a few hour5 a week. We gra1¢fi for their efforts to keep the TTUSt licktDg over during a difficult and uncertain perio The trfftes Continu to meet regularly via the online facilty of ZAXMn and %¥t also held an ouline AGM. Much-needd income VdS fdised by nEtknJing 50The of public evenW al1¢ wth Cowd limitations attd restrictions. These included Walk 'n' Water. cOrle Regats4 Pirates on the Stour and Santa Boai Rid¢s. The paddling commutsity welcotned back Sudlxry to the Sva where attendance collld signifi¢antJy increase from the previous year. W'e cotttinued to negotiate with ihe Dedham Mill Managemem Comwiy over the le on Dedham Iwk and good progres5 has been rnade. We have coniinued to fitMI new sowtts of grants and fillKlin& for our restorntion projects, and also for general tnaintenance work. The VEC rebuild w&s finally tompleted and the office re• wtth new furniture and equipmertL As part of the rebuild we aliered the verdnda to pmytde a whtelchair fdmp which meant we could create more parking space. W¢ must record our thanks to The Bridge Project for offering us a flexible office le&se at their pr¢mise5 durirtg the extended peri4 thot the VEC w&s out of LLSe. We tontithued io n]aintain virtual ¢onw with grDUP5 such as the River Sknur User& Quay tane Tnst and Sknur Valley Education Network. In June 2020. Fen Bridge was closed knth fwi and rtyer traffjc as it dt¢Tned liable to collapse. Temporary portage were instslled to enable smaller craft a means ¢outinuiDg alon8 the navag*ion without passing under the bridge. However. this w&s a solwion for larger crali such as our trip l)oaW meaning we could not offer our trip5 a]0Tr8 this $treith of the river. Page 2
The River Stour Trnst Limited Trustees, Report In May, we were exrremely saddened by the theft of the brand-new outiN)ard that had not long been fitted to our acc¢5sible boai Francis J Batteu ffJK at Sudbw).. Tht Covid situation tnrant new outboards were in short supply but found a Secondhand 16ft disabled attess iK)at OD the markeL wthich &qme complete with a nearly new Yamaha 15 outboard. Thi$ was purchased and the engine fitted with security modificaiions to the mounting bracket as well &8 a tsmpEr alerf sy5tan. On the positive side, the pand¢TniC has meant millions of people who would otherwise have gone abroad have stayed in Britain, wth tnany of these visitÉng the Stour to picnic. paddle. carK>e and swirn. Use of the waten¥ays was one of the first perniitted activities aller lockdowD and ate delighted that people have di0cred the River Stour and its bet)¢fits as a 'blu¢ space.. On the negative side, pani¢ularly but not exclustyely in the Dedham aro the increased canoe. kayak, paddleboard and wtld swrntning tiVitieS placed l¢ll0n5 on our abilty kn safely 0rate Fvat irips. This alongside the weed 8roMth and silting in the river which have made navigating difficult for our crews. Whilst in¢rea%d rtver traffic is causithg us probletns. we have to recognise that we are Jn fact victims of our ow success, because if it was not for the TnL fighting the wop)sd extinguishing of t public right of Navigalion on the Stour from s1bry to Catt&wade in 1975. rt¢ would be allowed to use it today. A5 restrictions were lifted WardS the end of the year, we b¢gan to facilitate b(x)king5 for The Grdnary. This entailed liaising with the Quay Theatre as they hwj errcted a wuee and we needed to b¢ mindful of noise Sllterference from our venue. Howtver. many funaions (particularly wddiDg51 were postponed. We a]so itwe5ted in simple to ¢ard readeT5 that IMve enabled volunteets to prcKe55 contactles5 card payments. This has held increase our revenue since fewer p>ple cany c&th. Our trip boats (wtih exctption of the John Constsble Lighter which stays in the w8ter} were safely brought ashore at the end of the 5easoD and inio wnteT storage {(kt-Mar). However, thrtt of the Sudbury boats will requKre a new 5tordge location for 2022. We wou]d be very pleased hear froln atryODe with knowledge of a suitable premises. We are grateful all our Yolutrteers for their tirne and efforts: whher bo* crews, sile Tnaintenancq tea room. jetty mait]tenance. event teams at)d a]1 the other t&sks that are necessary to keep Trt running. Public bgnejli The Tru5tee5 confirni that they have (x)mplied with the wulremts of sertion 17 of the Charities Act 2011 to have due regard to the public befil guidance published by the Charity Commission for England and Wales. The annual rew)rt proved by the trusttts ofthe charity on 20 September 2022 and Signed on its behalf by: P E Brcwerton Chainnan at)d Trustee Page 3
The River Stour Trust Limited Statement of TruStS. Responsibilities The Trustees {wbo afE a]so the dir¢¢tors of Tr River Stour Tnjsi Limited for the Purpo of company law) are responsible for preparitig the Trustees. rewkrt and the financial statemertts In accordance with the United Kingdom Accounting StaThdard5 (UnKted KiDgdom G¢Mi¢rnily Acttpted Accounting Prathitel and applicable law and regulations. CtsTnpany law requtres the TTUSttts to prepar¢ financial 5tattments for each financi year. Under eompony law the Twstees must not approve tht financial statements 1¢$$ they are satisfjed that they give a true and fair view of the state of affairs of the charttsble company al of its IOrning T¢SOUW ]d application of resourees, includin8 its in¢ome and expenditslle, for that peri(wJ. In preparing these fiTwKial statementy the Tnths are required to.. $ele¢t suitable accounting p)lities #Rd apply them 0)nsis¢eNy$ observe the m¢th(MJs and principles in the Chriiies SORP. make ]gements td tstimatcs th* are rea50th1e and pn]denL state whether applicable UK Aceounting Stadards have been followe4L subject to any mat¥ial departures disclosed explained in the fiTtancial Statements: and prepare the fi[LanCi ststeTn¢rts on the going concern IMSi5 UDlesS it t$ inappropriate to presume that the charitable company Mill conttnue in busiEJes5. The Trustees are responsible for keepiThg adequate a¢Ulg re)rdS that art sufficient to sIK)w and explain the charttxble ¢OTnpany's transactions and disclose with rea2b]¢ accuracy at any time the financial 5]tIon of the ¢haritsble company and enable them to ensurt that the financial Slatements totllply with the Companies Act 2006. They aty also re5POll5ible for safeguarding the assets of the ¢harttable company and hettce for taking reasonable steps for the preventiou and detection of fr and otha irregLElarities. Page 4
The River Stour Trust Limited Independent Examiner's R¢p)rt to the trustees of The River Stour Trust Limited I report to the charity trustces on my examination of thc accoullts of the charity for th¢ year ¢nda 31 De¢eTr]ber 2021 whi¢h are set out on pages 6 to 17. Resp¢rtive respoD5ibiittse5 of trvsttts xnd eTtr A5 the charity's truslees of The River Stour Tn]st Limited {atxl also its director5 for the putposes of company law) you are responsible for the preparation of the aeLxJunts in a¢¢ord2n¢e with the requirernents of the Companies Act 20001.the 21X)6 Ad'l. HavÈng 5atL5fied nryself that the ¥counts of The River Stour Trust Limited are wuired be audi¢¢d under Part 16 of the 21>06 A¢1 and are cligible for iThdepeThdeni examination. I rqK>rt in respecl of my exaTnination of your ¢lwity's accounts as carried wider sethn 145 of the Charitits Act 2011 {'thc 2011 Act'l. In caTrying out Y examination I have followed the Directions given by the Charity Commission under scrtion 145{5Kb) of the 2011 Act. Indepemdent exxmiaer's statement I have completed my examination. I ¢onfirni that tDatters have com¢ to my attention in cOnntiOn with the examination giving me cae to believe= accounting re¢ords were not kept in respect of The Rivtr Sknur TTUSI Limited &s requiTed by section 386 of the 2006 A tsr 2. the accounts do Tt accord with those e0rd5. or 3. the ac¢Dwits do nol cornpty wtth the a¢¢ounting quir¢ents of section 396 of the 2006 Act other than ally requirement that the arunts give a 'tnJe and fair view whi¢h is ]KJt a matter considered &s part of an independent examination: OT 4. the accounts have not been prepar in accordance with the metknds 3nd PTinciples of the Ststement of Recommend PTactice for accounting a1 reporting by charilies lapplieable to charities preparing their attounts in accordance with the Financial RqxTrrtang Statmlard applicable in the UK and Republic of Ireland {FRS 102}1. I have no tonceTllS aTHI have come acn)ss no other matt¢F5 in connection with the emInlI0 which attention should be drawn in thi5 report in order to enable a proper understsnding of the accounts to be reached. Lisa King Independent Examtne Clwtered Certified Accountant 8 The Hamiltons NewmarkeÈ Suffolk CB8 ONF 22 Sep*mber 2022 Pe5
The River Stour Trust Limit1 Ststement of Financi21 Aclivities for the Year Elld 31 D¢¢ember 2021 (Including Income and Expenditure Account and Ststement of Total Recogni1 Gains and LO} Unrestricted Restricted Totxl 2021 Totsl 2020 Income Endowments from: Donattons and legacies Charitable 2ctivities Other trading activitie5 Investsnent income 10.808 51229 54J19 10.808 51229 54.319 4,064 20.928 89,080 19 Total inCOTne 116367 116J67 114,091 Exptnditure on: Charitable acttvitie5 {86.9?5) (11224) {98,1491 (98.321) Total expenditure (86,925) {11,2241 (98,1491 198,321) Net incom&llexpenditure) 29.442 {11224) 18,218 15,770 Net veMent in fvnds 29,442 (11224) 18.218 15.770 RecoDciliation of fuDds Total funds broughi forward 620.174 217.044 837218 821,448 Total fimds carried fotTrvard 19 649.616 205.820 U*r¢#rirtthl d5 855,436 Restrided d5 837218 Totsl 20211 Note Income and EDdowmeDts from: Donations and lewies Charirable activities Other ts7ding activities Investment ineome 4,064 20.928 89.080 19 10.928 89.080 19 10.o¢Jo Total income 104.091 10.O(H) 114.091 Expenditure on: Charitsble activitt¢s {79.5551 {18.766} {98.)211 Totsl expenditure {79.5551 (18,766) {98,?211 Net in¢omellexpenditure) 24.536 18.766) 15.770 Net rnov¢]n¢nt in funds 24,536 (8,766) 15,770 ReconeilTation of fuTrds Totsl funds brollghi fon¥ard 594.632 226.816 821,448 Total funds carried forward 19 619.168 218.050 837.218 All of the charity's activities deriNe from continuing operations during the aiN)ve wiods. The fvr>ds breakdown for 2020 is in tKJte 19. Page 6
The River Stour Trust Limited (Registrntion number: (M1938670) Balance Sheet 85 at 31 De£ember 2021 2021 20211 No¢e Fixed assets Tangible assets 14 688522 698.553 Currertt 4ss¢ts Stocks Debtor5 ash at bank and in hand .641 18,727 199.837 2,056 245 169.000 15 220205 171.301 Creditors: Amounts f#lling due witbiD ODe ye*r 16 132,291) (2,636) et current assets 187,914 168,665 Totsl asset$ Itss current liabilitie5 876.436 867,218 Creditors: Amowits f#lling due xfter more one ytsr 17 121,OlX)) (30,000) Net assets 855.436 837218 Funds of the charity: Restricted ineome funds Restritted funds 205.820 218.050 Unrestricted income Unrestricted fid5 649,616 619.168 Totsl funds 19 855,436 837,218 For the finan¢ial year ending 31 De£ember 2021 the charity entitled to exemption from audit llnder se¢tion 477 of the Companies Act 2006 latillg to 5tDall companies. DIrtors, r¢sponsibilities= The members haye required the charity to obtsin at) audit of its a¢COUtts for the year in question in actt)rdan¢c with section 476. and The directors a¢kmwledge their responsibilities for complying with the requirements of the A¢t with respect io arcounting recortis aDd the pparation of accounts. These accounts b8ve been prewed in accordan¢x with the provisions applicable kn companies subjeet w (he small companies regime. The financial stat•nen¢s on pag&% 6 to 17 %hEre approved by the trustees. and authorised for Èssue on 20 September 2022 an igned on tt1r behalf by: P E BtEwerton Chairniall and Tn Page 7
The River Stour Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2021 I Ch#rity status The ¢harity is litnited by guard1rt. inrratcd in England. and con5quently does not have Share capitsl. Every Tn¢mber 15 liable to contribute aD amount exceediDg £1 towards the &ssets of the clwity ID the event of liqudati0n. The address of its resistered office i$= The Granary Quay Lane Sudbury Suffolk C0102AN These financial stsi¢menis were auttK)ris for issue by the trusttfs on 20 Septetnber 2022. 2 Accounting policie5 of 5ignificaDt accounting polities kry e5tiwatss The principal accounting rx)licies applied its the pPal0 of the5¢ financial 5tatetnents are Set out below. These policie$ have been consistently applied w all the years presented, unless othenvise st*ed. Ststement of compli¥n¢¢ The financial Staments have been prepared Èn accordance wÈth Accounttng and Reporting by Charities.. Statement of Reeommended Prn¢ti¢e applicable to charities preparing their accounts in accordance with the Financial RertIng Standard applicable in the UK and Republic of Iteland (FRS 102) (effectsve l January 2015) - (Charities SORP IFRS 102)k the Financial RqK>rting Standard applicable in the UK and Republic of Ireland IFRS 102}. They also comply with the Companies Aa 2006 and Chariiies Act 2011. Bisis tsf prep¥r#tion The River Siour Trt Limiied tllcets the defmition of a Plthlic benefit entity under FRS 102. Assets aThJ liabilities ar¢ initially r¢cotS¢d at histsjricai cost or ttansattion value otherwise 5tattd in the relevant a¢couTrting policy notes. Going eontern The trnstees consider that there a material Uertainties about the charity's ability to tontinue as a going concern nor any significant are&s of utKenainty affeci the carrying value of assets held by the charity. Eiemption from preparing g ta5h flow statement The charity opied [Y adopt Bulletin I published on 2 FebnLary 2016 ad have therefore not included a c&sh tlow statement in these finartcial SeMertts. Income And endowmtnts All Income is recogniKd once the charity has ¢titlement to the incorn4 it is probable that th¢ in¢ome will be received and the amou of the rtceivable can be measural lIablY. Page 8
The River Stour Trust Limit Notes to the Financial Stgtements for the Year Ended 31 Ikcember 2021 Donations are r¢cognis¢d when the charity has been notified in wrtting of Ix>th the amount and settlement date. Itj the event that a do[tiOn is $ubje¢t to ¢ondiiions tha¢ require a level of perfomian¢e by the Charity beft>re the charity is entitled to the funds: the income is d¢f¢rr¢d and re¢ognis¢d Wllil either dh)se wndilions are fully met. or the fulfilment of those conditiofts is wlM)Ily wthin the n1ft)1 of the charity and il is probable that these conditions will be fulfilled in th¢ reporting wiod. Expenditsre All ¢xp¢nditure 15 rccogni5ed once there is a legal or ConStntive obligation to that expenditw%, it is probable settlement 15 required and the amowi¢ (an mea8utuI rtliably. All rA)sts ar¢ all(ed tt> tht applicable expenditure heading that &wege 5Èmilar rost5 to that ¢¢gOry. whe (xb5ts cant be d]rtlY atiributed to particular headjngs they have be¢n allocated on a b&sis consistent with the use of resources. with central staff costs allocated on the ba515 of time spent. and depreciion eharges allocad on the rtIOn of the asset"s use. Other support costs are allocated based ort the spread of styff ¢osts. Chanlable odtvilicw Charitable expetkJittErt ¢OmPTiSCS tb05e costs incurred by the charity in the delivery of its activities and servi¢es for its beneficiaries. It includes both costs th w be a]loc¢d dirErtly to 5urh 1vI¢S and those rosts of an ItireCt Jjature necessary to supportth Support Costs Support Costs includ¢ centrdl fimctiotts attd hav¢ b¢en 311oc¢d to xtivit). C05t categorie5 on a b&sis COEJSiStent with the use of resources, for ex3tllple. allocing propffj costs by 11(x)r areas. or per eapit4 sthff costs by the time spent and thher cost5 by their usa8e. Goyernance eosts The5¢ include the costs attributsble to the charity's compliaTKe wtth coThstttutionai and 5tabJtory requxrements, tncluding audi4 stregi¢ management and trSes'S Meetings and re1mbud expenses. Taxation The charity is c4)n$tdered to pa55 the tests Set out in Pardgrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the dtfinition of a charitable company for UK wtporation tsx puwe5. Accordingly. the charity is potentÉaJly exempi from in fESPeCt of income or capital gains received within Categories covered by Chapter 3 Pan I l of the Corporation T&¥ Act 2010 or Section 256 of thr Tuatson of Chargeable Gains Act 1992, to the extent that slleh income or gal% are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are inÈtially recordd at cosl less ally sub5wuent accumulated deprttiion and subsequent arcumulated impairn)ent tosses. Ikprwi8tioN ad amortisation Depreciation is prowded on tan[e fixed to write off the e05t or Valuatio less any esti¥nated residual vatue, over their expected usefvl eeotKMnic life as follows: Asset cl85S Boats Fitttngs Pumps & equipm¢nt Deprtriation method aDd rate 15% tedu¢iDg ba]anc&5Yo strai8ht line 20% redlleing balance rU¢n8 balancelY/r straight line Page 9
The River Stour Trust Limit] Notes to the Fin2n¢ial Statements for the Year Ended 31 December 2021 Stock Stock is va]ued at the lower of and e5tirnated selling pri¢e less sts to wmplete and sell, after due regard for obsolete and stow moving sttKks. Cost is deternitnal using the first-1 f1rst-o (FIFO). Trade debtors Trade debtors are aMots due from customers for muchattdise sold or service5 perfornied ID the ordinary collrse ofbusin¢ss. Trdde debtors art recognised ittitially at the trathsaclion PTi¢¢. They are subsequently measured at amortised cosi using the effethve interest metlx)d, less pmvision for impairment. A provision for the impaimient of trade debtor5 is established when there is objective eVidee that the charity will be able tts collect a]1 a]nounts due according to the onginal t¢rms of the teceivables. Cash &nd CAsb equiv#lets Cash and ¢a5h equiva]ents comprise ¢ash haj and call dery>sit& and other sh)rt-teTm highly liquid inve5ttneT)ts that are readily Convertible to 8 amount of cash 8Dd are subject to all itLsignÉft(allt risk of change in vatue. Trade creditors Trade creditors are obligioLs to pay for g(x)ds or services that have I¢ll acquired in the ordinary ¢outse of business from supplieT5. Ar<ourts payable are classtfied as ¢urwerrt liabilities if the charity does not have an unwndilionaj righL at the end of the TEPK)rting period. to defer settlement of the ¢redstor for * leasl N'elve months after the rtporting date. If there is un¢onditsonal rtght to defer settlement for at least twelve months after the rtporting date, they are presentrd &s -CUrrent liabilities. Trdde credito[5 are recognised initially at tht transaction price and subseqtsent]y mured at amortised cost sing the efftctive interest m¢thod. Borrowings lTrterest-bearin8 ly)m)wings are initially recx)rded at fair value. net of transaciion costs. Inter¢5t-bearing borrowings ar¢ subsequently carried at amortised c05L with the difference betweett the proceed& Del of trdnsaction tosts, and the amount due wrd¢mption beiD8 recognised as a ¢harge to the Statrment of Financial Activitics over the period of the relevant tr*)rrowin Interest expense is re¢ogni%d on the basis of tbe effcctive interest m¢th(rtl and is included in interest payable and sitnilar Chg¢S. Borrowng5 are classified as current liabilities tsnless the rhaThty has an UOnditIOnal righi to defer Settlement of the liability for at least twelve months after the rertIng date. Fulld 5trncture Unrestricted incotne fvnds are general fiwds that available for use * the tsu#ees's discretion in fitrther8n¢e of the obje¢tives of the charity. Restricted income fund5 are those dOned for use in a particlliar area or for specific purtM)ses, the use of which is resth¢ied to that arvd or purpo. Page 10
The River Stour Trust Limited Notes to the Financial Staternents for the Year Ended 31 December 2021 3 Intome from dfjm4titsns lld legaties Unrestrirted fud$ Total 2021 Total 21120 G¢rt¢rl Donations and legacie5' Donations from individtsajs 10.808 10.808 4.064 10.808 10,808 4.064 4 1Dtome ¢hritsble ctivities Td$ Totsl 2021 Totsl 2020 G¢ntrl Boat operations Grdnary operations Visitor Edu¢aiion Centse Tea Room Granary bar 29.081 8.820 2258 3.803 7256 29.081 8.820 2258 3.803 7.256 16,085 3.135 1.703 51.218 51.218 20,928 5 lllcome from other trdÈng eltvtties Unrestricted Ttrtsl 21120 Gener1 2021 Trading Income.. Sale of tru lin¢5 VAT claim Support grallts Membershtp subscriptiOTas Insurance £1[n Other income from othertrJJing activities 82 82 27,261 27,500 5.630 25.580 3,101 35.760 7.022 35.7() 7.022 11.455 11.455 54.319 54.319 89,080 Page 11
The River Stour Trust Limited Note5 to the Financial Statements for the Year Ended 31 December 2021 6 lllve5tJDent IDcorne UDrestTiCt£d fllDds Totsl 21121 Total 2020 General lttterest reeeivable aEJd similar EllTne: Interest receivable on bank deposits 19 7 Expendire 00 ch*ritsble artivtties Unre5trictrd Restrieled Tot¥1 2021 Tot¥1 2020 GeDeral Note Staff costs Allocated suppon costs Governance costs 39,088 9.884 26.674 39.088 11363 36.419 41206 18,206 33.951 1.479 9.745 75.646 1224 86.870 93.363 Page 12
The River Stour Trust Limited Notes to the Finaneial Sttem¢nts for the Year Ended 31 December 2021 8 Analysis of governante and support costs Cbaritsble activities expwdtturt UNTe5tTicied Rtstrieted Totsl 2021 Total 2020 GeDerl Boat operdtions Granary operations Visitor Educa150n Centre 14.564 1.479 16.043 2.489 14.083 3.495 3.495 854 VEC- Insurance expenditure Tea room 5.070 1.125 6,798 58,754 1,125 6.798 68.499 Granary bar Supw)rt costs 561 75.793 9.745 87225 11224 98,449 98J21 GovtrDxNce costs Unrestrirted nds Restricted funds Totsl 2021 Total 21120 GeDer*l Independet2t examiner fees Examitiatiort of the finat]cial $ements I,oix) 463 2,826 1.000 300 Other fees paid to examitteT5 Legal fees Depreciatio amortisation and other similar t0$15 Other governance costs 463 1826 2,181 4.855 17.530 9.745 14.600 17,530 14.637 15,83) 26.674 9.745 36,419 33.951 Page 13
The River Stour Trust Limitul Notes to the Financial Ststements for the Year Ended 31 December 2021 9 Net iocomingloutgoing Tesourtts Net incoming loutgoing resources for the year include: 21121 2020 t)epre¢iation of fixed assets 14.600 14.637 10 Trustees remuDergtllbD exSe5 No trustees, noi any pcr50ll5 connected with them, have te¢eived any fEmuDeration from the chariry during the year. No trustees have received any reimbuw5ed expenses or any other benefits from the ¢haTity duri1 the year. 11 Staff costs The aggatE rAyroll cosLs were as follo. 2021 21120 Stsff costs during the year Wages and salaries 39.088 41206 The monthly average number of persons (including senior management team) employed by the charity during the year eXpSsed as full ti¢ equivalents was as follows= 2021 202(1 The averdge head count of employees during the year was 3 (2020- 3) of the th)ve employ¢es participated in the Defined Contrtbut)n Pension Sthe¢s. No employee re¢eiv¢d etnoluments of than £60.0(Xl during the year. 12 IndepeDdettt examitterfs rernunerxtioD 2021 211211 Examination of the fJnancia] stst¢tnents i.o( Other fee5 to ex%miners All other services 463 300 13 Taxtion The charity ts a regi5tercd charity and is therefore exempt from taxation. Pagr 14
The River Stour Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2021 14 T*ngible fixed assets Land SDd buildiDgs Pumps & equipment Total Cost Ai l January 2021 AdditioAs 444,818 201.515 2,769 170J13 75.841 1.8¢h) 892,487 4,569 At 31 Deccmbw 2021 444.818 204284 170313 77.641 897.056 D¢preeiatio At l January 2021 Charge forthe yvdr 119.519 8.748 23,836 3.5 12 50.579 2J40 193.934 14,600 At 31 December 2021 128267 27J48 52,919 208.534 Net book value At 31 DeceTnber 2021 444.818 76.017 142.965 24.722 688,522 At 31 Lkcember 2020 444.818 81,996 146.477 25.262 698,553 Included withtn the net 6)k value of land and buildings above ts £216.43i (2020 - £216.433) ID respect of freehold tand and buildings and £228.385 (2020- £228.)85) in respect of leaseholds. IS Debtors 21121 2020 Trade debtors Prepayments Other debtors 4.023 14.678 26 (445) 663 27 18.727 245 16 CrniStors: #mOliDts fauing due within year 2021 2020 Bank loans Trade ¢reditOT5 her IatiOn and wi3] security 6.0(K) 13.851 3,353 1.859 (20.7221 18,096 50 VAT Other creditors Accruals (10,968) 21.49) 32.291 2.636 Page 15
The River Stour Trnst Limited Notes to the Financial Slatements for the Year Ended 31 December 2021 17 Creditors: amounts flling due xfttr year 2021 202 Bank loan5 21,IKKb 30.1>00 18 PeDsioD and other sebeme5 Defined eontriblltioll pells1o scbeme The charity opeTes a defined trIbutiOn pension scheme. The prnsion c05t charge for the year represents ¢ontributions payable by the charity to the hOne aTwJ amounted to £Nil (2020- £Nil}. 19 Funds Balante at 31 Detember 21121
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Jlluary2021 e41eDded UDrestrirted fuods Generdl 620,174 11&367 (86.9251 649,616 Restricted fuDds 217.¢M4 111224) 205.820 Tot41 fund5 837218 116.367 (98.149 855,4J6 Unrestricted Balance At 31 December ¢ I JxDu*ry 2020 e4¥eDded 2020 Unrestricted fuDds General 594,6)2 104.091 (79,555) 619.168 Rt$tricted fvnds 226.816 10,000 18.766) 218,050 Total fun 821.448 114.091 198J21) 837218 Page 16
The River Stour Trust Limlted Not to the Financial Statements for the Year Ended 31 December 202J 21b Atttysis of net 1S5ets betweeTh Unrestricted fwids Restritltd General DesigDted Totsl funds T8gible fixed a Current assets Current liabilities Creditors over l year 481,468 144.470 (J2.291) 121,IMJO) 207.054 688.522 220,205 {32,291) {21,000} 75.735 Total net assets 572.647 75.735 207.054 855.436 UDrestrirted fllDds Restricted Designated Totsl funds Tangible fixed &ssets Current &sseis CUent liabilities Creditors over l year 481.754 107.574 (2,636) 130,IMM)) 216.7 698,553 171,301 (2.6361 (30.0001 63,727 Tota] net assets 556.692 63.727 216.799 837.218 21 Related p*rty trans#etiOll5 Dllring the year the clwity made the following rr]ated party transacti5.. The Trust incurred costs to the va]ue of £Nil (2020 - £4,420} fn)m The Thames Electric laUh Co. a company Own by Mr Ernthys Barrell. one of the Trustees. No profft Wds made by The Thames Ele£lrtc Launch Co or Ernrhys Barrell. At the balattte slret date the atnount due tolfrom was £Nil (2020- £NÈll. Page 17