Irwell Rivers Trust Limited Charity Accounts
Irwell Rivers Trust Limited Charity Accounts
COMPANY REGISTRATION NUMBER:
06880410
CHARITY REGISTRATION NUMBER:
1146615
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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Year ended 30 April 2021
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Statement of financial activities (including income and expenditure account) |
3 |
Statement of financial position |
4 |
Notes to the financial statements |
5 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Year ended 30 April 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
30 April 2021
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Reference and administrative details
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
47 Chestnut Avenue |
office |
Bury |
Lancashire |
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BL9 7QW |
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The trustees
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Accountants |
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Chartered accountants |
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7 Christie Way |
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Christie Fields |
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Manchester |
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M21 7QY |
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Structure, governance and management
The Irwell Rivers Trust is a registered company (6880410) limited by guarantee and is registered as a charity with the Charity Commission (No 1146615). The Trust is governed by a board of Trustees, and the affairs of the Trust are governed by its Memorandum and Articles of Association. The liability of the members in event of the Trust being wound up is limited to a sum not exceeding £1 per member.
Objectives and activities
The Trust became a registered charity (No 1146615) on 28 March 2012 and is also a member of The Rivers Trust.
The objects of the Trust are to protect, conserve, rehabilitate and improve the rivers, streams, watercourses, water impoundments together with the related banksides with respect to the River Irwell (Lancashire) its tributaries and the Irwell Valley (the river catchment area of the River Irwell) for the benefit of the public. To this end the Trust has carried out a number of habitat improvement projects which have been funded by various public and other bodies.
Achievements and performance
Having recognised and agreed tat the Irwell Rivers Trust should be wound down as a company at some point in the near future, and with the majority of our financial assets having been contributed to the Irwell Catchment Partnership (ICP) during the 2019 financial year, we had aimed to officially wind down the company during this financial period. This would have entailed distributing the very last of our remaining fnancial assets to groups/organisations witin the Irwell catchment that share the same passion and values for restoring the River Irwell as those held by the Irwell Rivers Trust. However, with the arrival of the Covid-19 pandemci and the host of associated day-to-day uncertainties and logisitical challenges that came with it, for people and for business, we did not actively push to achieve our objective objective for this financial period. We did however agree that the charity and company will continue to operate up unitl the completion of this distribution, at which point the charity will cease activities.
Financial review
The accounts show that for the year ended 30 April 2021 net incoming resources amounted to £Nil (2020 £Nil). There were net incoming resources on General Funds of £Nil and net incoming resources of £Nil on Restricted Funds. At the year end there were restricted funds available of £Nil. At 30 April 2021 there were 4 members.
Plans for future periods
We continue to aim to stategically distribute the last of our remaining resources (financial and physical assets) to groups and organisations within the catchment in a way that is in-keepng with the Irwell Rivers Trust passion and purpose for restoring the health of the River Irwell and its catchment. The charity and company will continue to operate as a going concern up until the completion of this distribution, at which point the charity will cease activities and be wound down.
Small company provisions
The trustees' annual report was approved on
14 January 2022
and signed on behalf of the board of trustees by:
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Trustee |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
Year ended 30 April 2021
2021 |
2020 |
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Unrestricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
Expenditure
Expenditure on charitable activities |
5,6 |
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---- |
---- |
--------- |
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Total expenditure |
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---- |
---- |
--------- |
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---- |
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Net expenditure and net movement in funds |
(
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(
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(
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---- |
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--------- |
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Reconciliation of funds
Total funds brought forward |
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------- |
------- |
--------- |
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Total funds carried forward |
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------- |
------- |
--------- |
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Company Limited by Guarantee |
Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
10 |
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------- |
------- |
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Net current assets |
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------- |
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Total assets less current liabilities |
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------- |
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Net assets |
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------- |
------- |
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Funds of the charity
Unrestricted funds |
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------- |
------- |
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Total charity funds |
11 |
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------- |
------- |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of trustees
and authorised for issue on
14 January 2022
, and are signed on behalf of the board by:
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Trustee |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 30 April 2021
1.
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 47 Chestnut Avenue, Bury, Lancashire, BL9 7QW.
2.
Statement of compliance
3.
Accounting policies
Volunteers
The trust receives the benefit of work carried out by volunteers and receives the use of facilities and equipment without charge. No value is placed on these items for accounting purposes.
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Fund accounting
Incoming resources
Resources expended
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Impairment of fixed assets
Financial instruments
4.
Limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the Trust undertakes to contribute to the assets of the Trust in the event of it being wound up whilst he or she is a member or within one period of ceasing to be a member for the debts and liabilities of the Trust contracted before he or she ceases to be a member, such as may be required not exceeding £1.
5.
Expenditure on charitable activities by fund type
Unrestricted Funds |
Total Funds 2021 |
Unrestricted Funds |
Total Funds 2020 |
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£ |
£ |
£ |
£ |
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Habitat Improvement Works |
– |
– |
100,023 |
100,023 |
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Support costs |
708 |
708 |
840 |
840 |
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---- |
--------- |
--------- |
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6.
Expenditure on charitable activities by activity type
Support costs |
Total funds 2021 |
Total fund 2020 |
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£ |
£ |
£ |
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Habitat Improvement Works |
– |
– |
100,167 |
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Governance costs |
708 |
708 |
696 |
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7.
Staff costs
The average head count of employees during the year was
4
(2020:
4
). The average number of full-time equivalent employees during the year is analysed as follows:
2021 |
2020 |
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No. |
No. |
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Number of staff |
4 |
4 |
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No employee received employee benefits of more than £60,000 during the year (2020: Nil).
8.
Trustee remuneration and expenses
No trustees received any remuneration or expenses during the year.
9.
Tangible fixed assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1 May 2020 and 30 April 2021 |
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------- |
------- |
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Depreciation |
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At 1 May 2020 and 30 April 2021 |
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------- |
------- |
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Carrying amount |
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At 30 April 2021 |
– |
– |
------- |
------- |
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At 30 April 2020 |
– |
– |
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------- |
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10.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Accruals and deferred income |
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11.
Analysis of charitable funds
Unrestricted funds
At 1 May 2020 |
Expenditure |
At 30 April 2021 |
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£ |
£ |
£ |
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General funds |
6,559 |
(708) |
5,851 |
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At 1 May 2019 |
Expenditure |
At 30 April 2020 |
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£ |
£ |
£ |
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General funds |
107,422 |
(100,863) |
6,559 |
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12.
Analysis of net assets between funds
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
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Current assets |
6,469 |
6,469 |
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Creditors less than 1 year |
(618) |
(618) |
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------- |
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Net assets |
5,851 |
5,851 |
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Unrestricted Funds |
Total Funds 2020 |
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£ |
£ |
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Current assets |
7,177 |
7,177 |
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Creditors less than 1 year |
(618) |
(618) |
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Net assets |
6,559 |
6,559 |
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