THE RIVER HOUSE TRUST
FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
COMPANY NO 3248808
REGISTERED CHARITY NUMBER 1059696
1 Corporate Information
THE RIVER HOUSE TRUST (Company Number 3248808)
INDEX TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
2-8 Trustees’ Report
9 Independent Examiners’ Report
10 Statement of Financial Activities
11 Balance Sheet
12-22 Notes to the Financial Statements
THE RIVER HOUSE TRUST {Company Number 3248808)
CORPORATE INFORMATION YEAR ENDED 30 SEPTEMBER 2021
BOARD OF DIRECTORS/TRUSTEES Sheena Basnayake {retired June 2021) Jeremy Booth Pepe Catalan Meg Dillon (joined January 2021) lan Govendir Mark Nelson Dean Nicholson Michael Rayment Chris Rogers
COMPANY SECRETARY
Chris Woolls
REGISTERED OFFICE 2nd floor, 289 Green Lanes London N13 4XxS
INDEPENDENT EXAMINERS Hetherington and Company Chartered Certified Accountants 2nd floor, 289 Green Lanes London N13 4XS
BANKERS
National Westminster Bank Plc 143 High Street Bromley Kent BR1 1JH
1
THE RIVER HOUSE TRUST {Company Number 3248808)
TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021
The Trustees, who are also Directors of the Trust for the purposes of the Companies Act, present their report and the unaudited financial statements for the year ended 30 September 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number: 1059696
Company Number: 3248808
Principal Office: Furnivall Gardens, off Rutland Grove, London W6 9DJ
Directors and Trustees
The Directors of the Charitable Company (The Charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as Trustees.
The Trustees who served during the year were as stated on page 1.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The River House Trust was incorporated on 12 September 1996 as a company limited by guarantee, not having share capital. The Company is registered as a Charitable Trust and is governed by its Memorandum and Articles of Association. River House merged with Cara Trust in June 2018.
Appointment of Trustees
New Trustees are appointed by the members of the Board. The provision of support services for people with HIV has, perhaps, become both more specialised in some places and generic in others. As a consequence, we increasingly look beyond the sector to recruit new Board members. Prospective candidates are identified for their requisite expertise and skills. An introduction process is undertaken leading to Board approval.
2
THE RIVER HOUSE TRUST
(Company Number 3248808)
TRUSTEES’ REPORT
YEAR ENDED 30 SEPTEMBER 2021
Trustee induction and training
New Trustees are inducted by the Chair of the Board, existing Board members and the director. Once appointed, new Trustees are provided with a brief history of the Charity, the Charity’s governing documents, copies of prior year accounts and minutes of Trustee meetings from the previous twelve months.
Organisation
The Trust is overseen by the Board of Trustees. Day-to-day management is delegated to the director. At times, the Chair and two other Trustees can act as an Executive Group for special projects between Board meetings. The Executive Group reports to the Board of Trustees.
Risk management
The Trustees have identified the major risks, both financial and operational, to which the Charity is exposed. The Trustees have regularly monitored the situation and have put in place plans to mitigate those risks.
The Trustees regularly review and monitor operational policies for improvements.
OBJECTIVES AND ACTIVITES FOR THE PUBLIC BENEFIT
The principal object of the Charity is to relieve sickness amongst people who are living with HIV.
The Charity aims to achieve its main objective by the provision of a safe and welcoming environment in which individuals with HIV can access appropriate care and support from multidisciplinary working partnerships.
In doing so, the Trustees, in exercising their duties and powers have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the guidance published by the Charity Commission including Public Benefit guidance.
3
THE RIVER HOUSE TRUST
(Company Number 3248808)
TRUSTEES’ REPORT
YEAR ENDED 30 SEPTEMBER 2021
ACHIEVEMENTS AND PERFORMANCE
In 2020-21 we maintained our focus on improving the lives of our members, people with HIV. Our Aims have been all about:
+ Improving health and well-being;
-
Helping to overcome the impact of loneliness and/or isolation;
-
Reducing the impact of poverty;
-
Combating HIV related stigma and discrimination.
Qur services are geared towards supporting one or more of[these][Aims.]
Staff Team in this period has been:
| Precious Kildare | - | Homeshare Manager/Social worker |
|---|---|---|
| Guillermo Llorca | - | Psychotherapist (leftJune 2021) |
| Fiona Reid | - | Social worker |
| Nana Sarpong | - | Chef |
| Raj Satra | - | Lead Caseworker |
| Elijah Whanya | - | Student social worker |
| ChrisWoolls | - | Director |
The impact of COVID-19
Obviously, COVID-19 has had a huge impact during this and the previous year. Rather than spread narrative about the impact of COVID across two annual reports we have produced a separate version about this. Please see our special report on COVID’s impact on our services and members — available on our website.
4
THE RIVER HOUSE TRUST (Company Number 3248808)
TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021
Given the impact of COVID-19 we've had another busy year at River House. We've analysed the 228 individuals we provided a service to by different variables below, to give you a better sense of our members, beyond their common HIV status.
|2020-21
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|
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/MaleG7
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|---|
|Fulham residents|
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e170
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|a|
|Ethnici
2020-21
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|[BlackOther
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|DualHeritage = [98H)
OtherTH)|
||WhiteOther
[430
18(25%)
|Notrecorded*=|
|
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5
THE RIVER HOUSE TRUST (Company Number 3248808)
TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021
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Fulham residents
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Boroughs of residence
During this year we this year we year we we provided services to members resident in 29 boroughs — —
and beyond. Main boroughs being: Hammersmith & Fulham, Ealing,
Chelsea and Westminster.
Fulham residents
|HikingGroup 28 |
----- End of picture text -----
During this year we this year we year we we provided services to members resident in 29 boroughs — — both within London and beyond. Main boroughs being: Hammersmith & Fulham, Ealing, Wandsworth, Kensington & Chelsea and Westminster.
Our casework and what it delivers for members. Our staff team of caseworkers and social workers provides one-to-one advice, advocacy and casework for our members, mostly on welfare benefits and housing related issues. Increasingly the team’s time is taken up with appeals related to Employment Support Allowance (ESA) or Personal Independence Payments, the majority of which are successful. Through COVID this has continued — meeting our members in our garden and then providing a socially distanced service to those without online access.
Caseworkers also work on Hardship Grants for our poorest members. Successful applications for £4576 (an increase of 14% on the previous year) were made to Charitable Trusts, Foundations and Local Authorities for grants for essential items such as cookers, fridges, personal living expenses, clothing etc.
Thanks to Eaton Fund, Family Holiday Association, Fund for Human Need, Heinz, Anna & Carol Kroch Foundation (and especially Beena Astle), Mary Minet Trust, Society for the Relief of Distress, South London Relief in Sickness Fund, Straitened Circumstances Fund, Wandsworth Oasis hardship fund
We also managed a small Hardship Fund, supported by London Catalyst. During the year we distributed 27 smail grants to our members in need.
6
THE RIVER HOUSE TRUST (Company Number 3248808)
TRUSTEES’ REPORT
YEAR ENDED 30 SEPTEMBER 2021
Our housing related work often involves trying to help some of our most vulnerable members maintain their tenancies in difficult circumstances. Issues facing some of our members can include mental health problems, drug and alcohol addiction, isolation, HIV stigma and hoarding, all of which can make maintaining a tenancy very tenuous.
Partnership working remained a priority during the year. This has facilitated the expansion of our services whilst continuing to increase our visibility across the social care, voluntary and educational sectors. We've worked with a number of other groups, providers and agencies during the year to provide services for our members. We would like to acknowledge the valuable input of:
Chelsea & Westminster Hospital (Kobler and Hammersmith Broadway clinics) — maintaining good working relationships with HIV clinicians has greatly benefited our members. Citizens Advice Hammersmith & Fulham - a key agency to refer people to. East London University— with whom we collaborated on a research programme involving people with HIV.
Homeshare UK — for providing expertise, knowledge and support on developing Homeshare services.
SASH partnership - who provided weekly support services at our venue.
University of West London — which provides student social workers for placement experience.
Our Nutrition focused services were enhanced a great deal through partnership working: + Our Foodbank — which supports the very poorest people with HIV in London — is made possible by relationships with our wonderful delivery partner City Harvest, which also prevents valuable food products from being wasted and sent to landfill.
-
Our peer-lunch programmes benefit massively from our relationship with another food delivery partner, the Felix Project, who deliver high-quality produce direct to our kitchen every week, enabling us to provide a nutritionally balanced three-course meal every day for some of our older and more isolated members.
-
We're also a referral partner for Hammersmith & Fulham and other local Foodbanks.
Given that many of our service users experience quite profound social isolation, we see social connection and social activities as important aspects of our service provision. During the past year we expanded on our volunteer led social events, particularly for members aged 50 and over. Big thanks are due to the British Museum, Historic Royal Palaces, and Kew Gardens for offering our members free access to some great shows!
Our Psychotherapy programme delivered Counselling, Neuro-Linguistic Programming and Psycho-sexual Therapy in this year.
7
THE RIVER HOUSE TRUST (Company Number 3248808)
TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021
Volunteers, and particularly peer-volunteers, have played an increasingly important role this year, meaning we’ve provided many more services than we’d be able to do without them. Roles have included 50+ group leaders, Cooks, Community Rep., Food-bank supervisors, Gardeners, Kitchen Assistants, Receptionists, Therapists and Trustees. Big thanks to all of them and to all the informal volunteers who help around our centre.
Strategic considerations for River House continue to focus on the development of services that support an ageing client group with emerging welfare, clinical and psychosocial needs. We have developed our peer programmes, and we will continue to do so in coming years, to provide a comprehensive support system for our older clients to help them to deal with the challenges that
lie ahead. In the short-term we have focused on providing services as safely as possible during COVID-19, with an emphasis on resuming face-to-face provision as soon as allowed to.
Many individuals, Trusts and Foundations generously provided grants and donations which have enabled us to provide a range of services and/or goods for our service users. We would like to take this opportunity to thank these individuals as well as:
Amazon Smile Arnold Clark Fund City Bridge Trust Co-op Community Fund Disability Rights UK Tackling Inequality Fund Gilead Sciences
Edward Gostling Foundation Chris Graham-Bell Charity Independent Age Local Giving Fund London Catalyst Fund London Community Response Fund (waves 3 & 5) MAC AIDS Fund Mason Le Page Charity PayPal Giving Fund TFL Walking & Cycling grants United in Hammersmith & Fulham Wandsworth Oasis
8
THE RIVER HOUSE TRUST (Company Number 3248808)
TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021
FINANCIAL REVIEW
The results for the period are set out on page 12.
For the period under review overall income generated totalled £233,759 (2020: £391,537). Included within the previous accounting period total was an unrestricted legacy of £44,676 received from a former user of The Cara Trust.
The main source of income in the period again derived from charitable institutions and individuals. The amount received in the period totalled £186,630 of which £61,475 (2020: £190,382) related to general funds with the balance £124,885 relating to restricted funds (2020: £158,688). Other revenues generated predominately through lunches served, social placement fees and hiring of rooms totalled £6,607 (2020: £22,362). The charity also received £40,511 (2020: £19,981) via the Job Retention Scheme due to Covid-19 and bank interest of £11.
Expenditure for the year totalled £213,131 (2020: £338,718) of which £101,905 (2019: £217,548) related to general funds and £111,226 (2020: £121,170) to restricted funds.
For the period under review the charity generated a net surplus of £7,444 on general funds, including revaluation investment gains of £475 (2020: surplus £16,459). Restricted funds revealed a surplus of £13,659 for the period and this relates funds not fully expended at the period end date.
As at the period end date, general funds stood at £65,577 and restricted funds stood at £76,629.
As a consequence of the Covid-19 pandemic, the trustees have continued to take steps to generate new income streams and to control the charity's outgoings. The trustees are confident, based on actions taken and to the best of their knowledge and belief, that the Charity is able to continue as a going concern.
Reserve policy
In order for the Charity to meet its stated aims and objectives, it continues to be dependent upon grant making Trusts and Foundations, as well as individual donations and fund-raising activities. Revenues generated dictate the amounts that can be applied by the River House for its charitable purposes.
Historically, the Trustees have considered it appropriate to carry forward a sufficient level of reserves, general or specifically designated, to cater for reductions and or delays in receiving grants in order to meet its immediate needs and also to ensure the short-term liquidity and longterm financial stability of the Charity. We currently aim to hold 3-6 months working capital as unrestricted reserves.
9
THE RIVER HOUSE TRUST {Company Number 3248808)
TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 20223
SMALL COMPANY EXEMPTION
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The attached financial statements comply with relevant legislation and with the charitable company’s governing document.
By Order of the Board
----- Start of picture text -----
£. 7
De Nicholson Chair)
ated: 8 Maych 2022
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10
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE RIVER HOUSE TRUST
| report on the financial statements of The River House Trust for the year ended 30 September 2021, which are set out on pages 12 to 22.
Responsibilities and basis of report
As the charity trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
{1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act or
-
(2) the accounts do not accord with those records; or
-
(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
-
{4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concerns 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 understanding of the accounts to be reached.
fol 7 CQ
M Koureas FCCA For and on behalf of Hetherington & Co Chartered Certified Accountants Second Floor, 289 Green Lanes, Palmers Green, London N13 4XS
Dated: 8" March 2022
11
THE RIVER HOUSE TRUST
(Company Number 3248808)
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure) YEAR ENDED 30 SEPTEMBER 2021
| Period | |||||||
|---|---|---|---|---|---|---|---|
| Note | General | Restricted | Total | 1/4/2019to | |||
| Fund | Funds | 2021 | 30/09/2020 | ||||
| £ | £ | £ | £ | ||||
| Income: | |||||||
| Donations and legacies | 2 | 61,745 | 124,885 | 186,630 | 349,070 | ||
| Othertrading activities | 3 | 6,607 | 6,607 | 22,362 | |||
| Otherincome | 4 | 40,511 | 40,511 | 19,981 | |||
| Investment income | 4.1 | 11 | - | 11. | 124 | ||
| Total income | 108,874 | 124,885 | 233,759 | 391,537 | |||
| Expenditure: | |||||||
| Cost of raising Funds | 6 | 4,087 | - | 4,087 | 12,251 | ||
| Expenditure on charitable | |||||||
| activities: | 7 | 97,818 | 111,226 | 209,044 | 326,467 | ||
| Total expenditure | 101,905 | 111,226 | 213,131 | 338,718 | |||
| Net income/(expenditure) | |||||||
| forthe year before | |||||||
| gains/{losses) on investments | 8 | 6,969 | 13,659 | 20,628 | 52,819 | ||
| Net gains/(losses} on investments | 475 | - | 475 | 1,160 | |||
| 7,444 | 13,659 | 21,103 | 53,979 | ||||
| Transfer between funds | - | - | - | - | |||
| Net movement in funds | |||||||
| forthe year | 7,444 | 13,659 | 21,103 | 53,979 | |||
| Reconciliation ofFunds | |||||||
| Total funds broughtforward | 58,133 | 62,970 | 121,103 | 67,124 | |||
| Totalfundscarriedforward | £ | 65,577£ | 76,629 | £ | 142,206 | £ | 121,103 |
The notes form part of these financial statements. 12
THE RIVER HOUSE TRUST (Company Number 3248808)
BALANCE SHEET
AS AT 30TH SEPTEMBER 2021
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| FIXED ASSETS | |||||
| Tangible assets | 10 | 1,118 | 4,666 | ||
| Investments | 10.1 | 5,688 | 5,213 | ||
| 6,806 | 9,879 | ||||
| CURRENTASSETS | |||||
| Debtors | 11 | 11,056 | 46,379 | ||
| Cash atbank and in hand | ___144,903_ | ___107,440 | |||
| 155,959 | 153,819 | ||||
| CREDITORS -amounts falling | |||||
| due within one year | 12 | (20,559) | (42,595) | ||
| NETCURRENTASSETS | 135,400 | 111,224 | |||
| NETASSETS | £ | 142,206 | £ | 121,103 | |
| RESERVES | |||||
| Generalfunds | 14 | 65,577 | 58,133 | ||
| Restricted funds | 15 | 76,629 | 62,970 | ||
| £ | 142,206 | pe | 121,103 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for:
a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 5-of- he Companies AcT2 6 relating to small companies.
Approved-ert behalf of the Board of Trustees on 8th March 2022 by:-
Dean Nichglson (Chair)
The notes form part of these financial statements.
13
THE RIVER HOUSE TRUST (Company Number 3248808)
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
1. ACCOUNTING POLICIES- Continued
- 1.3 Donated services and facilities
Donated services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.
Catering receipts represent amount received by the Charity from users to whom they provide subsidised meals.
-
1.4 Interest receivable
-
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
1.5 Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
1.6 Expenditure and irrecoverable VAT
-
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings:
-
Cost of raising funds are those costs incurred in attracting voluntary income.
-
Expenditure on charitable activities includes all direct costs incurred to further the purpose of the charity. together with associated support costs.
-
~ Other expenditure represents those items not falling into any other heading.
lrrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
-
1.7 Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between cost of raising funds and expenditure of charitable activities and the bases on which the support have been allocated are set out in note 5.
-
1.8 Tangible fixed assets
All tangible fixed asset expenditure is capitalised at cost. Provision is made for depreciation on all tangible fixed assets, at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows:
Fixtures, fittings and equipment
~ 33.33% straight line
1.9 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
14
THE RIVER HOUSE TRUST
(Company Number 3248808)
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
- ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of the financial statements were as follows:
1.1 Basis of Accounting
The financial statements have been prepared in accordance with the 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) (effective Ist January 2015) the Companies Act 2006, The Charities Act 2011 and applicable regulations.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The Charity meets the definition of a public benefit entity. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s} to these accounts.
The Trustees have assessed whether the use of the going concern basis of accounting is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charitable company to continue as a going concern. As explained in the Trustees’ Report, the Trustees have taken steps to mitigate risk and in particular, the trustees have considered the charity's forecasts and projections
The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. After making enquiries, the Trustees have concluded that there a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
1.2 Income
Income is recognised when the charity has entitlement to the funds, any conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from grants, whether ‘capital’ or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured and is not deferred.
Grants represent core funding by local authorities in order for the Charity to provide a range of agreed specified services for users in accordance with its stated objects. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the Charity has unconditional entitlement
15
THE RIVER HOUSE TRUST (Company Number 3248808)
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
- ACCOUNTING POLICIES- Continued
For Legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made, or whena distribution is received from the estate. Receipt of a legacy in whole or in part is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent
1.10 Realised gains and losses
All gains or losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated is the difference between the sale proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between their fair value at the end of the year and their carrying value. Realised gains and losses are combined in the Statement of Financial Activities.
1.11 Fixed Asset Investments
Investments are a form of basic financial instrument and are initially recognised are their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing stock market price. The Statement of Financial Activities include the net gains and losses arising on the revaluation and disposals throughout the year.
1.12 Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.13 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- 1.14 Leases
Rentals paid under operating leases are charged in the statement of financial activities in the year to which they relate.
1.15 Pensions
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the statement of financial activities.
| 2. | INCOME FROM DONATIONSANDGRANTS | INCOME FROM DONATIONSANDGRANTS | Period | ||
|---|---|---|---|---|---|
| General | Restricted | Total | 1/4/2019 to | ||
| Funds | Funds | 2021 | 30/09/2020 | ||
| £ | £ | £ | £ | ||
| Donations from individuals, companies and | |||||
| othercharitable institutions | 61,745 | 124,885 | 186,630 | 304,394 | |
| Legacy | = | - | . | 44,676 | |
| 61,745 | 124,885 | 186,630 | 349,070 |
16
THE RIVER HOUSE TRUST
(Company Number 3248808)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2021
| 3. | INCOMEFROM OTHER TRADING ACTIVITIES | Period | |
|---|---|---|---|
| Total | 1/4/2019 to | ||
| 2021 | 30/09/2020 | ||
| £ | £ | ||
| Socialwork placementfees | 1,400 | 3,800 | |
| Catering receipts | 5,067 | 16,886 | |
| Hire of hall | 140 | 1,676 | |
| ——2607 | _22,362 | ||
| 4. | OTHER INCOME | Period | |
| Total | 1/4/2019to | ||
| 2021 | 30/09/2020 | ||
| £ | £ | ||
| Furlough grant | 40,511 | 19,981 | |
| 4.1 | INVESTMENT INCOME | Period | |
| Total | 1/4/2019 to | ||
| 2021 | 30/09/2020 | ||
| £ | £ | ||
| UK Bank interest | At. | 124 | |
| i1 | 124 |
- ALLOCATION OF SUPPORT AND GOVERNANCE COSTS
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the three key charitable activities undertaken in the year. Refer to the table below for the basis of apportionment and the analysis of support and governance costs.
| veneral | rerioa | ||||
|---|---|---|---|---|---|
| Basis of | Support | Governance | Total | 1/4/2019to | |
| allocation | Costs | Costs | 2021 | 30/09/2020 | |
| £ | £ | £ | £ | ||
| General office expenses | Usage | 45,404 | 45,404 | 88,769 | |
| Independent Examiners' fee | Governance | - | 5,640 | 5,640 | 4,440 |
| Legal & professional fees | Usage | - | - | - | 136 |
| Human resources | Stafftime | 46,337 | - | 46,337 | 76,539 |
| 91,741 | 5,640 | 97,381 | 169,884 |
17
THE RIVER HOUSE TRUST (Company Number 3248808)
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
| 6. | COSTOF RAISING FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| ‘ | Period | ||||||
| General | Total | 1/4/2019to | |||||
| Funds | 2021 | 30/09/2021 | |||||
| £ | £ | £ | |||||
| Directly attributed staffcosts | - | - | - | ||||
| Other directly attributed costs | 778 | 778 | 6,142 | ||||
| Attributed support costs | 3,309 | 3,309 | 6,109 | ||||
| 4,087 | 4,087 | 12,251 | |||||
| 7. | ANALYSIS OF EXPENDITURE ON | CHARITABLE | ACTIVITIES | ||||
| Period | |||||||
| Peer | Total | 1/4/2019to | |||||
| Support | Holistic | Advisory | Foodbank | 2021 | 30/09/2021 | ||
| £ | £ | £ | £ | £ | |||
| Directlyattributedcosts | |||||||
| Directly attributed staffcosts | 56,214 | 2,024 | 16,492 | 21,330 | 96,060 | 129,298 | |
| Other directly attributedcosts | 6,537 | 5,836 | 100 | 6,439 | 18,912 | 33,394 | |
| SupportandGovernance costs | 28,222 | 9,407 | 9,407 | 47,036 | 94,072 | 163,775 | |
| 90,973 | 17,267 | 25,999 | 74,805 | 209,044 | 326,467 |
- ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
For the year ended 30th September 2021 charitable expenditure was £209,044 (2020: period ended 30th September 2020 £326,467) of which £111,226 (2020: £121,170) was expenditure from restricted funds.
- NETINCOME /{EXPENDITURE) FOR THE YEAR
| 8. | NETINCOME /{EXPENDITURE)/{EXPENDITURE) FOR THE YEARTHE YEARYEAR | ||
|---|---|---|---|
| Period | |||
| Total | 1/4/2019 to | ||
| 2021 | 30/09/2021 | ||
| This is stated after charging:- | £ | f | |
| Independent Examiners’ fee | 5,640 | 4,440 | |
| Otheraccountancyservices | 9,020 | 9,058 | |
| Depreciation | 3,548 | 7,547 | |
| Amounts paid under operating leases:- | |||
| (a) Rent | 4,493 | 16,146 | |
| 8.1 | Analysis ofstaffcosts and trustees remuneration | Period | |
| Total | 1/4/2019 to | ||
| 2021 | 30/09/2020 | ||
| £ | £ | ||
| Staffsalaries and related costs | 129,138 | 188,651 | |
| Social security costs | 6,804 | 8,198 | |
| Staff pension costs | 6,455 | 8,988 | |
| 142,397 | 205,837 |
The average number of persons employed during the year was 6 (2020-6). None of the employees were paid a salary in excess of £60,000 per annum. None of the Trustees of the Charity were Salaries include £Nil (2020- £528) of costs incurred on hiring agency staff to provide cover in respect of kitchen staff.
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THE RIVER HOUSE TRUST (Company Number 3248808)
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
9. TAXATION
As a charitable trust, the Charity enjoys the benefit of exemption from taxation on income and gains falling within section 466-493 of Corporation Taxes Act 2010 and 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied for charitable purposes.
| 10. | TANGIBLE FIXED ASSETS | Plant and | |
|---|---|---|---|
| Equipment | |||
| Cost: | £ | ||
| At 1 October 2020 | 81,771 | ||
| Additions in theyear | - | ||
| Disposals in theyear | - | ||
| At 30September2021 | 81,771 | ||
| Depreciation: | |||
| At 1 October 2020 | 77,105 | ||
| Charge forthe year | 3,548 | ||
| Disposals fortheyear | - | ||
| At 30 September2021 | 80,653 | ||
| Net bookvalue | |||
| As at 30 September 2020 | 1,118 | ||
| At 30 September2021 | 4,666 | ||
| 10.1 | FIXEDASSET INVESTMENTS | ||
| Total | Total | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Marketvalue at 1 October2020 | 5,213 | 44,053 | |
| Additions at cost | - | - | |
| Proceeds on sale ofinvestments | - | (40,000) | |
| Unrealised/realised gain on revaluation ofinvestments | 475 | 1,160 | |
| Marketvalue as at 30September2021 | 5,688 | 5,213 | |
| 11. | DEBTORS | ||
| Total | Total | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Prepayments and otherdebtors | 9,942 | 4,106 | |
| Accrued income | 1,114 | 42,273 | |
| 11,056 | 46,379 |
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THE RIVER HOUSE TRUST (Company Number 3248808)
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
12. CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR
| 12. | CREDITORS - AMOUNTSAMOUNTS FALLING DUE WITHIN ONE YEARYEAR | ||
|---|---|---|---|
| Total | Total | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Deferred income (see note 12.1) | - | 23,902 | |
| Social security | 19 | 3,004 | |
| Sundrycreditors and accruals | 20,540 | 15,689 | |
| 20,559 | 42,595 | ||
| 12.1 | DEFERREDINCOME | Total | Total |
| 2021 | 2020 | ||
| £ | E | ||
| As at 1 October2020 | 23,902 | 12,368 | |
| Released in theyearto income earnedfrom charitable activities | (23,902) | (12,368) | |
| incoming resources deferred intheyear | - | 23,902 | |
| Asat30September2020 | - | 23,902 |
12.1 OBLIGATIONS UNDER LEASE AGREEMENTS
The charity had total commitments under non-cancellable operating lease over the remaining life of those leases of £23,084 (2020: £31,505)
-
12.2 The Charity operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Charity. At the balance sheet date, there were no
-
ANALYSIS OF NET ASSETS BETWEEN FUNDS
| General | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| + | £ | £ | |
| Tangible fixed assets | 1,118 | - | 1,118 |
| Investment | 5,688 | - | 5,688 |
| Current assets | 79,330 | 76,629 | 155,959 |
| Creditors | (20,559) | - | (20,559) |
| 65,577 | 76,629 | 142,206 |
The charity has sufficient resources to enable each fund to be applied in accordance with the donors restrictions.
14. UNRESTRICTED FUNDS
| Balance at | Balance at | ||||
|---|---|---|---|---|---|
| istOctober | Incoming | Resources | 30thSeptembe | ||
| 2020 | Resources | Expended | 2021 | ||
| £ | £ | £ | £ | ||
| General | fund | 58,133 | 108,874 | (101,430) | 65,577 |
| 58,133 | 108,874 | (101,430) | 65,577 |
20
THE RIVER HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
(Company Number 3248808)
YEAR ENDED 30 SEPTEMBER 2021
15. RESTRICTED FUNDS
The fund balances listed below represent the excess of donations or grants received over expenditure incurred for those projects whereby the purpose is specified by the donors as to
their use:-
| their use:- | ||||
|---|---|---|---|---|
| Balance at | Balance at | |||
| 1st October | Incoming | Resources | }0th Septembe | |
| 2020 | Resources | Expended | 2021 | |
| £ | £ | £ | £ | |
| Advisory | ||||
| Advocacy | 12,758 | 5,073 | (15,408) | 2,423 |
| Peer Support | ||||
| Walking group | 13,830 | 10,537 | (13,038) | 11,329 |
| Peerto PeerSupport | - | 61,081 | (34,004) | 27,077 |
| 50+ social programme | 4,386 | 4,167 | (81) | 8,472 |
| Services forWomen | 13,875 | - | (8,768) | 5,107 |
| Holistic | ||||
| Respite Breaks | 1,900 | - | - | 1,900 |
| Hardship Fund | 2,280 | 7,566 | (5,657) | 4,189 |
| Mental Health | 940 | - | (940) | - |
| Foodbank | ||||
| Foodbank | 7,870 | 15,767 | (21,491) | 2,146 |
| Volunteer fund | ||||
| Volunteer Support | 5,131 | 20,694 | (11,839) | 13,986 |
| 62,970 | 124,885 | (111,226) | 76,629 |
- FUNDS
16.1 Advocacy
This relates funds received welfare benefits and advice and small grants case work. At the year end date there was an unexpended balance of £2,423
16.2 Walking group
This represents monies received a project that encourages older people with HIV to exercise more ina friendly, social and peer-supportive way. Particularly useful for reducing frailty and isolation risks. At the year end date there was an unexpended balance of £11,329
16.3 Peer to Peer Support
This funds relates monies received in support of social programmes for people with HIV. At the year end date there was an unexpended balance of £27,077.
-
16.4 50+ social programme This fund relates to the provision of both social and peer support for people with HIV aged 50+. At the the year end date there was an unexpended balance of £8,472.
-
16.5 Services for Women This fund relates to a specific peer support programme for women with HIV,. At the year end date there was an unexpended balance of £5,107
21
(Company Number 3248808)
16 FUNDS (...continued)
THE RIVER HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021
16.6 Respite Breaks
The fund represented received for a one-off respite break for older people with HIV. Due to the pandemic the charity was unable to spend this money during the year.
16.7. Hardship Fund
This fund relates to monies received in order to provide grants to clients to cover the cost of basic needs and essential household items such clothing, toiletries, cookers, fridges, beds etc. At the year end date there was an unexpended balance of £4,189.
16.8 Mental Health
This fund relates to monies received for volunteered delivered mental health programmes. At the year end the fund was fully expended.
16.9 Food bank
This fund relates to the provision of a food bank service for people with HIV particularly affected by poverty. At the year end date the was an unexpended balance of £2,146
16.10 Volunteer Support
This relates to monies received to help recruit, manage and support volunteers who support the work of the charity. At the year end date there was an unexpended balance of £13,986.
17. TRANSACTIONS INVOLVING TRUSTEES
During the year, the Charity paid an insurance premium of £2,287 which included cover for Trustees legal liabilities for loss in their capacity as Trustees. There were no other transactions involving Trustees or any expenses reimbursed to the Trustees.
18. LEGAL STATUS
The Charity is a company limited by guarantee with no share capital. The liability of each member in the event of a winding up is limited to £10.
19. CONTROLLING PARTY
The Charity is ultimately controlled by the Trustees.
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