Charity No. 1060459 (England and Wales)
RIVER CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
RIVER CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trust information | 1 |
| Legal and administrative details | 2 |
| Trustees' report | 3 |
| Independent examiner report | 4-5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8-9 |
RIVER CHARITABLE TRUST
TRUST INFORMATION
| Trustees: | H F Adu |
|---|---|
| L Jeffrey | |
| Trust office address: | 101 New Cavendish Street |
| 1st Floor South | |
| London | |
| W1W 6XH | |
| Independent examiner | Harris & Trotter LLP |
| 101 New Cavendish Street | |
| 1st Floor South | |
| London | |
| W1W 6XH | |
| Charity Commission | |
| registered number: | 1060459 |
1
RIVER CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE DETAILS AS AT 5 APRIL 2024
The River Charitable Trust was established under a trust deed dated 26 August 1995.
The trustees of The River Charitable Trust shall hold the trust funds and its income upon trust to apply them for all charitable purposes allowed by law within England and Wales.
2
RIVER CHARITABLE TRUST
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024
Introduction
The Trustees submit the statutory report and accounts of River Charitable Trust for the year ended 5 April 2024.
Charitable Objectives
The objective of the Charity is to provide relief to people throughout the world who are in positions of need, hardship and distress, in particular children who are sick or handicapped, and people affected by AIDS and the HIV virus.
Review of financial position
The balance of the unrestricted reserves at the year end was £30,665. The Trustees consider that the financial position of the Trust as at 5 April 2024 is healthy.
During the year, the charity received £30,000 in charitable donations.
Organisation
The organisation of all activities relating to River Charitable Trust is carried out by the Trustees.
3
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees | River Charitable Trust | ||
|---|---|---|---|
| On accounts for the year | 5 April 2024 | Charity no | 1060459 |
| ended | (if any) | ||
| Set out on pages | 4-5 |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 5 April 2024. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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.
Signed: Date: 5 February 2025 Name: Ronnie Harris Relevant professional qualification(s) or body (if any): Address: 101 New Cavendish Street 1[st] Floor South London W1W 6XH
4
Oct 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Oct 2018
5
IER
RIVER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024
| Notes Incoming resources Donations (including tax credits) 2 Bank interest received 3 Direct charitable expenditure Bank charges Donations 4 Net (outgoing) / incoming resources |
£ £ 30,000 154 30,154 480 - 480 29,673 2024 |
2023 | 2023 |
|---|---|---|---|
| £ 30,000 154 |
£ - 2 |
£ 2 (3,395) |
|
| 480 - |
360 3,035 |
||
| (3,393) |
6
RIVER CHARITABLE TRUST
BALANCE SHEET AS AT 5 APRIL 2024
| Notes Current assets Cash at bank and in hand Unrestriced funds As at 6 April 2023 Net (outgoing) / incoming resources As at 5 April 2024 5 |
£ 30,665 30,665 992 29,673 30,665 2024 |
2023 | 2023 |
|---|---|---|---|
| £ 992 |
|||
| 992 4,385 (3,393) |
|||
| 992 |
The Accounts were approved by the Trustees on 5 February 2025.
H F Adu Trustees
L Jeffrey Trustees
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RIVER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting policies
1.1 Basis of accounting
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard Standard applicable in the UK applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The River Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
Donations and gifts are credited to the statement of financial activities in the year which they are received (including any amount of tax credits).
1.3 Expenditure
All expenditure is accounted for gross, when incurred.
Direct charitable expenditure comprises direct expenses incurred in pursuit of the defined charitable purposes of the charity.
1.4 Investment income
This and any associated tax credits are included in the accounts when due.
1.5 Fund Accounting
The general fund comprises of those monies which may be used towards meeting the charitable objectives of the charity at the discretion of the Trustees.
| 2 Income from donations Donations 2 Other interest receivable and similar income Bank interest (gross) |
2024 £ 30,000 2024 £ 154 |
2023 £ - 2023 £ 2 |
|---|---|---|
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RIVER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
----- Start of picture text -----
4 Donations Paid 2024 2023
£ £
Donations paid during the year - 3,035
- 3,035
5 Reconciliation of movements in funds
2024 2023
£ £
Opening fund balances 992 4,385
Net (outgoing) / incoming resources for the year 29,673 (3,393)
Closing fund balances 30,665 992
----- End of picture text -----
6 Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL-).
During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £NIL).
7 Related party transaction
During the period, the charity received dividends totalling £30,000 from a company in whcih the Trustees are directors.
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