FATHER THAMES TRUST STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 ST MARCH 2024 HOLLY LODGE RICHMOND SURREY DN10 5HS
FATHER THAMES TRUST CONTENTS Page Report of the Trustees 11213 Balance Sheet Statement of Financial Activibes Cash flow Statement Notes to the Accounts 71819110111 Report of the Independent Examiner 12113
FATHER THAMES TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Reference and admlnlstrative infomiation The name of the charity Father Thames Trust The charity registration number 1054655 The address of the principal offi Holly Lodge Richmond Park Richrnond TW10 5HS President Lord Watson of Rithmond - President Present Trustees Linda Duffield - Chairman A Graham Post - Treasurer Martin McDonald The Trustees present their report with the firkqncial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in aCrdan with the accounting policies set out in Note 2 to the accounts and comply wtth the chariVs trust deed. the Charities Act 2011 and Accounting and the Charities Statement of Recommended Practi (secx)nd edikn'on) and Financial Reporting Standard FRS 102. Structure, Governance and Management The goveming document of the charty is a Dlaration of Trust dated 31 March 1996 by which Father Thames Trust was established as a tharitable trust. In selecting persons to be appointed as Trustees. the Trustees take into account the benefits of appointing a person who, through residen, cccupation. employment or otherwise has special knowledge of the area of benefft or is able by virtue of his or her personal or professional qualifications to make a contribuh'on to tre pursuit of the obj* or the management of the charity. Objoctives and Actlvltles The Trustees have followed the Charity Commission's general guidan on public benefft and consequently the charity is a Public Benefrt Entity as defined by Charities Act 2011 based upon its objectives which aro the promotion of the conservation. protection. restoration and enhancemen( for the public benefft, of the natural resources, arnentties and buildings of historic or arthaeological interest in the River Thames Area. n furtherance of its objectives. the TNst88s have been engaged upon fund-raising, to generate funds for London's Arcadia and ts Thames Landscape Strategy. In so doing, the charity has enabled important works of restoration and enhancement to be carried out on this historic riverside tandscape, for the public beneftt. In addition. part of the funding provided by the charity has encouraged and enabled volunteers and youth groups to parbcipate in these works. Achlevements and Porforniance The resufts for the year. arKJ the Trusys financial position at the end of the year are shown in the attached financial ststements.
FATHER THAMES TRUST REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31ST MARCH 2024 In the year ended 31 March 2024 the totsl fijnds raised by the Trustees amounted to £87,287. The major fund-raising activity during Ihe year remained the Thames Landscape Strategys Rewilding Arcadia Project. The National Lottery's Herrtage Foundation has paid the final balance of £64.644 of its grant totalling £188.401 from its Green Recovery Challenge Fund for the Rewilding Arcadia Project. Goldman Sachs gave a grarrt of £5.400 for the wJanisation of Intem Activty Days. The National Lottery Herttage Fund provided a grant of £9.749 for a Bat Sur4ey along the Thames at TwickenhamlHam. Funds were also re[Ved in the year from the Heathrow Communty Fund for the Longford Rj'ver Project £1,811 and individual donations received during the year were £5.683. Grants made during the year to the Thames Landscape Strategy totalled £17,536 as follows: Heritage Fund Bat Survey Rewilding Arcadia Project Small Grants <£1,000 £10.119 6.442 975 £17.536 The chariils unrestricted reserves at the yearnd amounted to £1.880 and restricted resetves to £153,413. a total of £155,293. These reseNes are held in current and deposit accnunts at bank. Flnancial Review The Trustees, policy on resepies is that RestrÉcted FurKls are held only lemporarily pending application of funds in making grants to the Thames Landscape Strategy. The small amount of Unrestricted Funds is retained to meet incKlental outgoirHJs, and may be appli&J as additional grant funds for the Thames Landscape Strategy. After making appropriate enquiries. the Tnjstees have a reasonable expectation that the Charity has adequate resources to ¢xintinue in operational existence for the foreseeable future. For this reason. they continue to adoptthe going conrn basis in preparing the financial ststements. Further details regarding the adoption of the going conrn basis (2n be found in the aC)Unting policies. Plans for the Future The Trustees plan to continue the promotion of the conservation. protection, restoration and enhancement of the natural resources. amenities and buildings of historic or arthaeological interest in the River Thames Area and the raising of funds and the provision of grants to the Thames Landscape Strategy to promote London's Arcadia with its restoration and enhancerrEnt vrforks around the historic Thames riverside lands(3pe atong with its outreach programme to encourage and enable volunteers and groups to participate in these works. Statement for Trustees, Responslbilities The Trustees are resFJnsible for preparing the Trustees, report and the financial ststements in accordance with applicable law and United Kingdom AcUnting Stsndards (United Kingdom Generally Accepted Accounting Practi}. The law applicable to chaiities in England & Wales requires the Tnjstees to prepare financial statements for each financial year whth give a true and fair view of the stste of affairs of the Charity and of its incoming r&sources and application of rwsources, induding ts income and expendtture. for that period. In preparing these finanaal statements, the Trustees are required to: select suitable accounting polictes and then apply them consistenty; obseDie the methods and principles of the Charities SORP {FRS 102);
make judgments and accounting esttmates that are reasonable and prudentr. state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material departures disclosed and explained in the finanaal statements: prepare the financial statements on going concem basis unless rt is inappropriate to presume that the Charty viill o)ntinue in business. The Trustees are responsible for keeping adequate a(xounting records that are sufficient to show and explain the Charitys transactions and disdose wth reasonable aCracY at any kn'me the financial position of the Chanty and enable them to ensure that the financAal statements comply with the Charits'es Act 2011, the Charity (AOUnts and Reports) Regulats'ons 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustses and signed on their behalf by Linda Duffield. . Linda Duffield - Chairman . 2024
FATHER THAMES TRUST BALANCE SHEET AS AT 31ST MARCH 2024 2024 2023 Total Funds Prior Year Funds Current Assets Debtors Cash at Bank 468 166,894 509 88.419 167,362 88.928 Creditors . amounts falling due within one year 1.740 Net Assets 155,293 87,188 The Funds of the Charity Reserves Unrestricted Funds Restricted Funds 1,880 153.413 556 Total Funds 155293 Approved by the Trustees and signed on thèir behalf by: . Linda Duffield - Chainnan A.fvK_7 .. A Graham Post- Treasurer . 2024
FATHER THAMES TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Unrestrtcted Funds Restricted Funds Total Funds Total Funds Note Incoming Resources: Donations and Legacies Fundraising Tax Refvnd on Donations 2.970 84.317 87.287 468 181.684 509 468 3,438 84,317 87,755 182,193 Income from investments Bank and Other Interest 262 262 61 Totsl Incoming Resources 3.700 84.317 88.017 182.254 Expenditure on Charitable Activities Other expenditure 17,536 17.536 2.376 212.717 1,996 2.376 Totss Resources Expended 2.376 17.536 19,912 214,713 Net movement in funds 1,324 66,781 68.105 (32,459) Total Funds brought forward 556 86.632 87.188 119,647 Total Funds carried forward 1.880 153.413 155,293 87.188 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 to 11 form part of these finanaal $tsternts.
FATHER THAMES TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024 2024 2024 2023 2023 Net Gash Infiowl(Ouffiow) from operatlng actlvities: 78,213 (32,088) Cash flow from Investlng actlvhles Interest from investments 262 61 262 61 Change In cash and cash equivalents in the reporting perfod 78.475 (32,027) Cash and &qsh oqulvalonts at 1 Aprll Cash and cash equfvalents at 31 March 88.419 120,446 166.894 Re¢onclliation of net movements In funds to net cash flow from operating actIvIe$ Net movement In fun(ts for the year ended 31 March Adjustments for: Interest from investments Decrease in debtors Increase in creditors 68.105 (32.459) (262) 41 10.329 {61) 392 Net cash (used In) op8ratlng actlvltles 32.088 Anatysls of cash and cash equivalents Cash in hand Notice depostts {less than 3 months) 15,854 151,040 166.894 67.641 20.778 88.419
FATHER THAMES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 General Inforniation General Infonnation about the Trust can be found in the Trustees, Report. Accounting Policies The financial statements have been prepared in ac)rdance with the Chartties SORP (FRS 102) - A(£x)unting and ReFMJrting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan yth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial ststements have been prepared to give a Ynje and faitr view and have departed from the Chartties (Accounts aTKI Reports) Regulations 2008 only to the extent required to provide a Irue and fair view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the AcUnting and Reportj'ng by Chartties.. Statement of RecomffEnded Practi effective from 1 April 2005 which has sin been withdrawn. Father Thames Trust constttutes a public benefft entty as defined by FRS 102. Assets and liabilities are InallY recognised at histori(xl cost or transaction value unless otherwise stated in the relevant accounting policy. a) Going Concern After making appropriate enquifes, the Trustees have a reasonable expectstion that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concem basis in preparing the financtal statements. b) Income recognltlon i) All income is included in th8 Statement of Financial Activrties (SOFA) when the Father Thames Trust (Fro is legally entitled to it as inrne or (2pitsl respectively, uttimate receipt is probable and the amount to be regnised can be quantified with reasonable accuracy. ii) Grants and donations ate onty induded in the SOFA when the has un(x)nditional entitlement to the resources iii) Incoming resources from tax redaims are induded in the SOFA at the same time as the gift to which they relate. iv) Investrnent inrne is Iruded in the accounts when re1Vable. c) Expendfturfr Expenditure 15 recognised once there is a legal or constructive obligation to transfer economic benefft to a third paty. it is probable that a transfer of economic benefits will be required in setuement and the amount of the obligation can be measured rellably. Expenditure is dassrfied by activity. The (x)sts of each activity are made up
FATHER THAMES TRUST NOTES TO THE ACCOUNTS (Continued) FOR THEYEAR ENDED 31ST MARCH 2024 of the total of direct costs and shared costs. induding support costs involved in undertaking each activty. Direct costs attribLrtable to a single activity are alltxated directly to that activity. Shared which conthbute to rmre than one activty and support Costs which are not attributable to a single actNity a apportioned betsveen those activities on a basis consistent with the use of resour. Central staff costs are all(Icated on the basis of time spent, arKI depreciation charges allocated on the portion of the asseys use. d) Dabtors Trade and other debtors are recognised at the settlement amount after any trade discounts offered. e) Llablllty recognition Liabilities are recognised when there is an obligats'on at the Balan Sheet date as a r6sult of a past event, it is probable that a transfer of economic benefrt will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the anUnt which the charity anticipates that rt viill pay to settle the debit. fj Cash at Bank and In Hand Cash at bank and in hand indudes cash and short term deposits with a maturity of three months less from the date of opening of the deposrt or similar ac(xwnt. g) Grants payable without perf0mnCe conditions These are only recognised in the accounts when a commitment has been made and there are no condth'ons to be met relating to the grant which remain in the control of the charity. h) Flnanclal Instruments The Charity only has financial assets and financial liabileS of a kind that qualrfy as basic finanrial instruments. Basic financtal instruments are InallY recognised at transaction value and subsequenty measured at their settlement value with the exptIOn of bank loans which are subsequently measured at amortised cost using the effective interest method. l) Fund Accountlng All grants made are to Institubons, the details of which are Sho In the Nots 3 Funds ststement. No grants have been made to IrKJividuals. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are fvnds which are to be used in attOrdan wth specffic restrictions imp)sed by donors or which have been raised by the Chaiity for particular purposes. The cA)sts of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 3.
FATHER THAMES TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31- MARCH 2024 Funds Statement Total incoming resources during the year amounted to £88.017 (xjnsisting of the Heritage Fund Rewilding Arcadia Payment of £64,644. the Heritage Lottery Fund Bat Survey Grant of £9,749 the Goldman Sachs Donation of £5.400, Individual Donations of £5.683, the Heathrow Community Fund Grant of £1.811. a net tax refijnd on gfft aid donations of £468 and bank interest of £262. Opening Incoming Grants Transfers Balan Resources (Out) Inl(Out) Closing Balance Funds Restricted to Specific Projects Rewilding Arcadia Heathrow Community Funds Longford River Project Goldman Sachs 32.531 2,153 64.644 (6.442) 1.811 {122) 90,733 3.842 5,400 {94) (5,306) Heritage Fund Bat Survey 9.749 (10.119) 370 Operation Centsur- Shire Horses 1,032 1,032 Other- less than £1.000 61 759 677 800 37,891 81,665 {17.536) (5,613) 96.407 Funds Restricted to Thames Landscape Strategy Funds restricted to TLS 48.741 86,632 2.652 84,317. (17.536) 57,006 153,413 Unrnstrlcted Funds 556 3,700 (2,376) 1.880 Total Funds 87.188 88,017 19.912 155..293 All grants in the year were made to support projects of the Thames Landscape Strategy. The Rewilding Arcadia Project is funded principally by the National Lottery Green Challenge ReVery Fund along with the Environment Agency. the London Borough of Richmond upon Thames and Elmbridge Borough Council. Its objective is to r)nnect people and wtldlrfe with the natural flood plain of the River Thames. To achieve this. it has undertaken a number of pilot schemes to demonstrate the viabilty of natural flood plan management and to raise awareness of this in the local (x)mmunities along the Arcadian Thames.
FATHER THAMES TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024 The Longford River Project rdinateS the various communrty groups with supervision of and outreach to their volunteers who maintsin the environment of the Longford River, th8 artificial waterway that diverts water 12 miles from the River Colne at Longford near Colnbrook. to Bushey Park and Hampton Court Palace and which was rerouted around Heathrow Airport as part of the nStruCtion of Temiinal 5. The Operation Centaur Fund SUPFuts the use of Shire Horses in the Royal Parks and along the Arcadian Thames forthe nThiing of graSand and the rolling of bracken as an essential part of estate management. The Goldman Sachs Fund is used to organise volunteer days for their intems to maintain the environment along the Arcadian Thames supervised by Thames Landscape Strat8gy staff. The Bat Survey, funded by the National Lottery Heritage Fund. is used to recruit and train volunteers, provide professional bat consultants, supply the acoustlG equipment to record and survey bat population. The surveys have been undertaken along the Thames in RIchmondWid(enharn to assess the effect of light pollution on the resident bat populations. Debtors 2024 2023 HMRC- Gift Aid Claim 468 509 468 509 Creditors 2024 2023 Accrued Grant Costs Accrued Professional Fees 10,119 1.950 1,740 12.069 1,740 Reserves Restricted Funds represent revenue reserves available to be applied in making grants in furtherance of the London's Arcadia Project and its Thames Landscape Strategy. 10
FATHER THAMES TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024 Trustees. Remuneratlon The Trustees neither received, nor waived any emoluments or expenses during the year (2023: £ Nil). Related Party Transactions There were no related paty transactions during the year (2023: £ Nil}. Employees The average monthly number of employees during the year was Nil (2023: Nil) There were Nil (2023: Nil) employees who received employee benefrts (excluding employer pension cx)sts) of more than £60,000 in the year. 10 Flnancial Instruments 2024 2023 Financial assets that are measured at fair value Financial liabilities that are measured at fair value 167.362 88.928 12,069 1,740 Financial assets measured at fair value comprise other debtors and cash at bank. Financial liabilitses measured at fair value comprise accounts payable and ac(alS. 11 Governance Costs 2024 2023 Independent Examinerfs Fees Bank and Financial Charges 2.160 216 2.376 1.780 216 1.996 11
INDEPENDENT EXAMINER'S REPORT FOR THE Y R ENDED 31 MA 2024 - HARITY MBER 1054655 Independent Examln•Ts Report to tha Trustees of Father Tham•s Trust (the 'Charlty') I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 st March 2024. This report is made solely to the charitys Trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Chartty's Tfustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent perynitted by the law, I do not accept or assume responsibilty to anyone other than the chaiity and the charitls Trustees. as body. for my work or this report Responslbllltles and Basls of Report As the Trustees of the chanty you are responsible for the preparatton of the accounts in accordan( vlith the requirements of the Charitys Act 2011 (e 2011 Ad). I report in respect of my examination of the chartisls acUnts carried under section 145 of the 2011 Act and in carrying out my examination I have followed all the appliixble Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the Chartty has prepared the accounts in accordan wtth Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended practi issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accountiro Practic£ effectsve for repo.ng per]ods beginning on or after 1 January 2015 I have Mpleted my examinakn'on. I can confirm that no mattws have (x)me to my attention in connection wf(h the examination giving m8 cause to believe that in any material respect: accounting records were not kept in resFeCt of the charity as required by section 130 of the 2011 ACL" or 2. the accourts do not accord with those records; or 3. the accounts do not comply with the appIlble requirements o)nceming the fom and content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirnent that the actounts give a Irue and fairf view which is not a matter onsidered as part of an independent examination. 12
I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper urKlerstanding of the accounts to be reached. 17.9 Date.................. 2024 Robert Carter Chartered Accountant FELTONS Chartered Ac(x)untants 1 The Green Richmond Surrey TW9 1PL 13