The River Restoration Centre 02904139 the development of river restoration as an integral part of sustainable water management false 1 April 2022 02904139 2022-04-01 2023-03-31 02904139 2022-03-31 02904139 2023-03-31 02904139 2021-04-01 2022-03-31 02904139 2021-03-31 02904139 2022-03-31 02904139 frs102-bus:FRS102 2022-04-01 2023-03-31 02904139 frs102-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02904139 frs102-bus:FullAccounts 2022-04-01 2023-03-31 02904139 frs102-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02904139 frs102-core:CurrentFinancialInstruments 2023-03-31 02904139 frs102-core:CurrentFinancialInstruments 2022-03-31 02904139 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 02904139 frs102-core:RetainedEarningsAccumulatedLosses 2022-03-31 02904139 frs102-bus:Director1 2022-04-01 2023-03-31 02904139 frs102-core:OfficeEquipment 2022-04-01 2023-03-31 02904139 frs102-core:OfficeEquipment 2022-03-31 02904139 frs102-core:OfficeEquipment 2023-03-31 02904139 frs102-core:OfficeEquipment 2022-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
02904139
The River Restoration Centre
Unaudited Accounts
for the year ended
31 March 2023
The River Restoration Centre
Balance Sheet
as at 31 March 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 1,953 915
1,953 915
Current assets
Debtors 328,342 261,772
Cash at bank and in hand 603,953 593,567
932,295 855,339
Creditors: amounts falling due within one year (428,434) (395,710)
Net current assets / (liabilities) 503,861 459,629
Total assets less current liabilities 505,814 460,544
Provisions for liabilities (0) (0)
Total net assets (liabilities) 505,814 460,544
Reserves
Profit and loss account 505,814 460,544
Members' funds 505,814 460,544

The River Restoration Centre
Balance Sheet
as at 31 March 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

M Murphy

Director


Approved by the board on 10 October 2023

Company Number: 02904139 (a Private company limited by guarantee exempt under section 60 registered in England and Wales)

Registered Office:

2nd Floor Ziggurat Vincent Building 52a
Cranfield
Bedford
MK43 0AL
England

The River Restoration Centre
Notes to the Accounts
for the year ended 31 March 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Income is derived from agreements, membership subscriptions, conferences, projects, training courses and sales.

Agreements receivable
(i) Specific projects
Agreements received for specific projects are credited against costs as incurred and any unused
surplus carried forward.
(ii) General purposes
Agreements receivable for general purposes are credited on receipt.

Subscriptions
Subscriptions are received throughout the year and are payable in advance for one year. The amounts prepaid at the 31 March 2023 of £20466 (2022 - £16453) are carried forward to be set against future costs.

Grants
Grants are recognised when The River Restoration Centre has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured
reliably.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Office equipment 33.3% Straight Line
Leases and hire purchase contracts
Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Other accounting policies
DESIGNATED FUNDS
Funds have been designated from the reserves as follows:-
Redundancy provision £80976 - 2022 £72045
Bridging provision £265000 - 2022 £265000
Total £345976 - 2022 -£337045
As resolved by the RRC Board at the meeting on 28 January 2021 the annual Bridging provision agreed
at six months operating costs is increased to £265000 (2022 - £265000). The provision is being
reviewed monthly.
2. Employees
2023 2022
Average number of employees during the period 0 0

3. Tangible fixed assets
Office equipment Total
Cost or valuation £ £
At 1 April 2022 14,680 14,680
Additions 2,571 2,571
At 31 March 2023 17,251 17,251
Depreciation
At 1 April 2022 13,765 13,765
Charge for the period 1,533 1,533
At 31 March 2023 15,298 15,298
Net book value
At 31 March 2023 1,953 1,953
At 31 March 2022 915 915

6. Company limited by guarantee

The company is a company limited by guarantee not having a share capital. At the 31 March 2023 every member of the company undertook to contribute such amount as may be required (not exceeding £10) to the company's assets should it be wound up.


5. Related party disclosures

Controlling party
During the year the company paid expenses to the directors as follows:

P. J. Boon £370
F. J. Bowles £139
E. H. R. Clear Hill £274
C. L. Rodgers £113
C. A. Skinner £509
C. J. Tipping £122
Total £1527

As resolved by the RRC Board at the meeting on 17 June 2017 the Chair, in recognition of additional work over and above what is expected of directors be remunerated with an award of £3000 per annum to a maximum of £5000 per annum. The award payable in respect of the year ended 31 March is £3000 (2022 - £3000).

Commitments, guarantees and contingencies

Notes

Under an agreement with Cranfield University The River Restoration Centre is required to maintain a redundancy reserve sufficient to cover all redundancy costs that might arise should staff employed by the University and seconded to the River Restoration Centre no longer be required by the River Restoration Centre. At 31 March 2023 the required reserve was £80976 (2022 - £72045). Lease commitment - operating lease (licence to occupy) At the 31 March 2023 the company had an annual commitment of £5000 (2022 - £5000) under an operating lease with Cranfield University which does not have an expiry date and is subject to not less than 90 days notice by either party. Capital, Pension and Other financial commitments guarantees and contingencies The company did not have any capital, pension, or other financial commitments guarantees and contingencies on the 31 March 2023 (2022 - Nil).

7. Other information

The principal activity of the company in the year under review was that of the development of river restoration as an integral part of sustainable water management.
CORE FUNDERS
DFI Rivers, Environment Agency - Environment & Business, Natural England, Natural Resources Wales, NatureScot, NIEA
CORPORATE MEMBERS
AECOM *, Agma (Israel), APEM *, Aquamaintain, Arcadis Consulting (UK), Arup *, Atkins *, Binnies, Cranfield University, Ebsford Environmental, Five Rivers *, Forestry England, Geogrow *, Greenfix *, HaskoningDHV, Hoben International (Soluform), Jacobs (Halcrow Group) *, JBA Consulting, Local Authority Waters Programme (LAWPRO), Mott MacDonald *, National Trust, Platipus Anchors, RJ Bull *, Roughan & O'Donovan, RSPB, Salix *, South East Water, Southern Water, Stantec *, Stonbury *, WSP UK *
ORGANISATION MEMBERS
Affinity Water, Ayrshire Rivers Trust, Bedford Group of Drainage Boards, Binnies UK Limited (Redhill), Buckinghamshire Council, Cain Bio-Engineering, Calder Rivers Trust, Cambridge Water, Canal & River Trust, Catchment Solutions (Adam Ellis),
cbec Eco-Engineering *, Clyde River Foundation, Cornwall Wildlife Trust, Cotswolds Rivers Trust, DEFA Isle of Man, Department of Infrastructure (IoM), Doddington Farms LLP, Don Catchment Rivers Trust, Dorset Wildlife Trust, Durham Wildlife Trust, East Mercia Rivers Trust (formerly Welland), Ecosulis Ltd, Eden Rivers Trust, Envirocentre Ltd, Environmental Land Management Solutions (ELMS), Esk Rivers & Fisheries Trust, Fairhurst, Fishtek Consulting, Forth Rivers Trust, Freshwater Biological Association, Friends of St Nicholas Fields, FWAG South West (Somerset), Galloway Fisheries Trust
Groundwork Greater Manchester, Groundwork South - Thames Valley, IKM Consulting, Inishowen Rivers Trust (Ireland), Johns Associates, Kaya Consulting, Kent Wildlife Trust, Lansstyrelsen Ostergotland (Sweden), Lucy Shuker, McGowan Environmental Engineering, Merthyr Tydfil County Borough Council, Milton Keynes Council, Nene Rivers Trust, Ness Green Engineering (Lawrence McMinn), Northumbrian Water Group (Essex & Suffolk Water), Norwegian Environment Agency, Ouse & Adur Rivers Trust, Phlorum, Queen Mary University London, River Thame Conservation Trust, Royal Smals, SAC Consulting
Sanctus, Severn Rivers Trust, Severn Trent Water, Shropshire Wildlife Trust, South East Rivers Trust / Wandle, Spey Catchment Initiative, Staffordshire Wildlife Trust, Sustainable Water Network (SWAN) (Ireland), Thames21, The Environment Partnership (TEP), Thomas Mackay, Thomson Environmental Consultants, Trent Rivers Trust, Tyne Rivers Trust, Warwickshire Wildlife Trust, Water Environment Ltd, Waterman Infrastructure & Environment, Welsh Dee Trust, Wessex Rivers Trust, Wessex Water, West Cumbria Rivers Trust, Westcountry Rivers Trust, Wild Trout Trust, Wiltshire Wildlife Trust, Yorkshire Wildlife Trust
NON- MEMBERS
Biomatrix *, Frog Environmental *, Naturemetrics*
* Denotes Conference Sponsor