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2022-03-31-accounts

Page
Report ofthe Trustees 1 to 8
Report ofthe Independent Auditors 9to 12
Consolidated Statement of Financial Activities 13
Consolidated Balance Sheet 14
Consolidated Cash Flow Statement 15to 16
Notes to the Financial Statements 17to 36

Unrestricted Restricted Total Total
funds funds 2022 2021
Notes E E F
INCOME FROM
Donations
and legacies		 4 1,124 1,124 3,347
Other trading
activities		 5 &7 1,048,914 9,774 1,058,688 921,592
Investment
income		 6 1,656 1,656 1,762
Advice and support services 209,968 197,711 407,679 332,403
Health and inequalities 85,060 60,130 145,190 189,433
Rural services 33,840 33,840 33,840
Transport services 6,772 6,772 37,707
Other incoming
resources		 9 17,516 100 17,616 1,943
Total 1,371,010 301,555 1,672,565 1,522,027
EXPENDITURE ON
Raising funds
Other trading activities 7 1,074,516 1,074,516 895,265
Charitable
activities
Advice and support services 10 191,866 216,162 408,028 351,018
Health and inequalities 141,444 44,398 185,842 178,447
Rural services 509 34,300 34,809 123,668
Transport services 10,501 7,615 18,116 31,909
Other
Total 1,418,836 302,475 1,721,311 1,580,308
Net income/(expenditure) 18 (47,826) (920) (48,746) (58,281)
Transfers
between
funds		 19 3,924 (3,924)
Net movement
in funds		 (43,902) (4,844) (48,746) (58,281)
Total funds brought
forward		 417,970 305,646 723,616 781,897
Total funds carried forward 26 374,068 300,802 674,870 723,616

Group Group Charity Charity
2022 2021 2022 2021
Notes 6 6 6 6
Fixed assets
Intangible assets 20 3,500
Tangible assets 21 59,046 53,564 25,296 29,082
Investments 22 10,000 10,000 10,112 10,112
69,046 67,064 35,408 39,194
Current assets
Stocks 30,744 143,583
Debtors 23 89,015 80,837 251,773 560,746
Cash at bank and in hand 619,827 542,176 500,783 462,786
739,586 766,596 752,556 1,023,532
Liabilities
Creditors 24 (133,762) (110,044) (60,928) (63,342)
Net current assets 605,824 656,552 691,628 960,190
Total assets less current liabilties 674,870 723,616 727,036 999,384
Net assets 674,870 723,616 727,036 999,384
Accumulated Funds
Restricted funds 26 300,802 305,646 270,802 275,646
Unrestricted funds 26 374,068 417,970 456,234 723,738
Unrestricted designated funds 26
Total accumulated funds 674,870 723,616 727,036 999,384

Group Group Charity Charity
2022 2021 2022 2021
Notes F E E K
Cash flows from operating activities
Cash generated
from operations		 115,379 29,868 (8,515) (10,408)
Net cash provided
by/ (used in) operating		 activities 115,379 29,868 (8,515) (10,408)
Cash flows from investing activities
Purchase oftangible
fixed assets		 (28,813) (891) (3,144) (100)
Interest received 1,656 1,762 1,656 1,762
Repayment
ofsubsidiary
loan		 48,000 20,000
Net cash provided
by/ (used in) investing		 activities (27,157) 871 46,512 21,662
Cash flows from financing activities
Loan repayments
in year		 (10,571) (961)
Net cash provided
byl (used in) financing		 activities (10,571) (961)
Change
in cash and cash		 equivalents in
the reporting
period		 77,651 29,778 37,997 11,254
Cash and cash equivalents at the beginning of
the reporting
period		 542,176 512,398 462,786 451,532
Cash and cash equivalents at the end of
the reporting
period		 619,827 542,176 500,783 462,786

Group Group Charity Charity
2022
F		 2021 2022f 2021
F
Net movement
in funds		 (48,746) (58,281) (272,348) (33,232)
Adjustments
for:
Depreciation
charges		 26,831 34,308 6,930 11,946
Interest received (1,656) (1,762) (1,656) (1,762)
(Increase)/decrease in stocks 112,839 (23,630)
(Increase)/decrease in debtors (8,178) 120,987 260,973 28,323
(Decrease)/Increase in creditors 34,289 (41,754) (2,414) (15,683)
Net cash provided by (used in)
operating
activities		 115,379 29,868 (8,515) (10,408)

At 1.4.2021 Cash flow At 31.3.2022
Net cash
Cash at bank and in hand 542,176 77,651 619,827
542,176 77,651 619,827
Debt
Debts falling due within 1 year (8,940) (8,940)
Debts falling due after 1 year (30,647) 8,961 (21,686)
(39,587) 8,961 (30,626)

2022 2021
F
Total incoming
resources		 716,553 682,017
Total expenditure on charitable activities (988,901) (715,249)
(272,348) (33,232)
Net gains/(losses) on defined benefit schemes
Net incoming
resources		 (272,348) (33,232)
Total funds brought forward 999,384 1,032,616
727,036 999,384
Represented
by:
Resticted funds 270,802 275,646
Unrestricted
funds		 456,234 723,738
727,036 999,384

4. DONATI ONS
AND LEGACIES
Unrestricted Restricted Total Total
2022 2022 2022 2021
Z F E F
Donations 1,124 1,124 3,347
1,124 1,124 3,347
5. OTHER TRADING ACTIVITIES
Unrestricted Restricted Total Total
2022 2022 2022 2021
E F E f
Rents receivable 52,300 52,300 57,211
Training and Consultancy 1,211 9,774 10,985 60
Back Office Support Services 5,284 5,284 4,946
DBS Income 11,561 11,561 2,696
70,356 9,774 80,130 64,913
8. INVESTMENT INCOME Unrestricted Restricted Total Total
2022 2022 2022 2021
E E F E
Interest on cash deposits 1,656 1,656 1,762
1,656 1,656 1,762

Riverside Ventures (Isle ofWight) Limited (Registered Riverside Ventures (Isle ofWight) Limited (Registered Riverside Ventures (Isle ofWight) Limited (Registered Riverside Ventures (Isle ofWight) Limited (Registered Company Company number: number: 03513635)
Riverside Ventures
(Isle of Wight) Limited, which is incorporated		 in England and Wales, pays its profits
to the charity
by Gift Aid. The following		 is an extract of the financial statements of Riverside Ventures
(Isle ofWight)
Limited		 for the period ended 31 March 2022.
2022 2021
K E
Turnover 131,318 102,918
Cost ofsales and administrative expenses (90,900) (126,098)
Other operating income
Interest receivable
and similar income
Loss before and after tax 40,418 (23,180)
Profits distributed to the charity (10,432)
Retained
in subsidiary		 29,986 (23,180)
The assets and liabilities ofthe subsidiary were:
Fixed assets 7,518
Current assets 61,637 27,157
Total liabilities (52,860) (40,848)
Net assets 16,295 (13,691)

2022 2020
E K
Turnover 129,801 110,075
Cost ofsales and administrative expenses (332,206) (174,897)
Other operating income 358,803 3
Interest receivable and similar income
Profit/(Loss)
before and after tax		 156,398 (64,819)
The assets and liabilities ofthe subsidiary were:
Fixed assets
Current assets 2,096 125,195
Total liabilities (57,336) (336,832)
Net assets (55,240) (211,637)
Unrestricted Restricted Total Total
2022
f		 2022
f		 2022f 2021
F
Optio income 6,772 6,772 6,980
Active Living 69,446 40 69,486 37,583
Grants 225,582 291,641 517,223 548,820
301,800 291,681 593,481 593,383
OTHER INCOMING RESOURCES
Unrestricted Restricted Total Total
2022
f		 2022
f		 2022f 2021
Other income 17,516 100 17,616 1,943
ANALYSIS OF CHARITABLE EXPENDITURE
Support
Grants Other Direct Costs Total Total
Payable Costs
F		 (Note 12)
f		 2022f 2021
Advice and support services 8,669 28,311 371,048 408,028 351,018
Health and inequalities 12,825 5,024 167,993 185,842 178,447
Rural services 34,809 34,809 123,668
Transport services 599 17,517 18,116 31,909
21,494 33,934 591,367 646,795 685,042

Grants to Grants to Total Total
Institutions Individuals 2022 2021
f f f f
Advice and support services 5,154 3,515 8,669 26,114
Health
and inequalities		 12,825 12,825 36,465
Rural services
Transport services
17,979 3,515 21,494 62,579

2022 2021
6 F
Analysis of grants to institutions
Advice and support services
Action 4 Support 262
Age Concern 1,917
Age UK 8,416
Aspire Ryde 13,171
Brighstone
Community		 Hub 496
Chale Parish Council 160
Cowes hub 4,579
East Cowes Town Council 3,470
Pan Together 800
Reynolds
and Read Westbridge		 Pleasure 154
Richmond
Fellowship		 (17,500)
Sandown
Town Council		 8,093
Ukraine Outreach 5,000
Ventnor Town Council 2,333
West Wight 17,550
Wroxall Parish Council 437
West Wight Sports 2,756
5,154 46,940
Health and inequalities
Age UK 1,000
Aspire Ryde 6,325
Barefoot Architect 8,751
Reynolds
and Read Westbridge		 Pleasure 255
Riverside
Club		 4,441
West Wight 6,500
12,825 14,447
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Unrestricted Restricted Total Total
2022 2022 2022 2021
E F
Trustees expenses
Auditors remuneration 8,190 8,190 8,316
Auditors remuneration - non audit work 450 450 450
8,640 8,640 8,766
ANALYSIS OF STAFF COSTS
Total Total
Subsidiaries Charity 2022 2021
F E
Salaries and wages 348,327 386,698 735,025 728,809
Social security costs 26,172 24,053 50,225 39,503
Pension costs 6,566 8,524 15,090 11,906
381,065 419,275 800,340 780,218

2022 2021
Number Number
Charity 25 21
Trading companies 24 33
49

Unrestricted Restricted Total
funds funds 2021
E F
INCOME FROM
Donations
and legacies		 1,550 1,797 3,347
Other trading
activities		 921,592 921,592
Investment
income		 1,762 1,762
Charitable
activities
Advice and support services 244,935 87,468 332,403
Health and inequalities 80,818 108,615 189,433
Rural services 33,840 33,840
Transport services 15,980 21,727 37,707
Other incoming
resources		 1,846 97 1,943
Total 1,268,483 253,544 1,522,027
EXPENDITURE ON
Raising funds
Other trading
activities		 895,265 895,265
Charitable
activities
Advice and support services 249,598 101,420 351,018
Health and inequalities 88,137 90,310 178,447
Rural services 630 123,038 123,668
Transport services 7,092 24,817 31,909
Total 1,240,723 339,585 1,580,308
Net income/(expenditure) 27,760 (86,041) (58,281)
Transfers between
funds		 37,642 (37,642)
Net movement
in funds		 65,402 (123,683) (58,281)
Total funds brought
forward		 352,568 429,329 781,897
Total funds carried forward 417,970 305,646 723,616

MOVEMENT
IN NET F		 U NDS FOR THE YEAR
2022 2021
F
Movement
in net funds		 is stated after charging/(crediting):
Auditor's
remuneration:
Statutory
audit		 8,190 8,316
Non audit services 450 2,510
Depreciation
- owned assets		 23,331 29,557
Goodwill
amortisation		 3,500 4,751
Operating
leases —land		 and buildings 22,826 19,460
Staff pension
contributions		 —defined contribution 15,090 11,906

INTANGIBLE FIXEDASSETS —GROUP ONLY
Goodwill Total
8 8
COST
At 1 April 2021 47,510 47,510
Additions
Disposals
At 31 March 2022 47,510 47,510
DEPRECIATION
At 1 April 2021 44,010 44,010
Charge for year 3,500 3,500
Eliminated
on disposals
At 31 March 2022 47,510 47,510
NET BOOK VALUE
At 31 March 2022
At 31 March 2021 3,500 3,500

TANGIBLE FIXEDASSETS - GROUP
Land Plant
and and Motor
buildings machinery
etc		 Vehicles Total
6 E F F
COST
At 1 April 2021 157,069 488,968 28,070 674,107
Additions 22,320 6,493 28,813
Disposals (7,095) (7,095)
At 31 March 2022 157,069 511,288 27,468 695,825
DEPRECIATION
At 1 April 2021 122,151 472,517 25,875 620,543
Charge for year 6,122 12,850 4,359 23,331
Eliminated
on disposals		 (7,095) (7,095)
At 31 March 2022 128,273 485,367 23,139 636,779
NET BOOK VALUE
At 31 March 2022 28,796 25,921 4,329 59,046
At 31 March 2021 34,918 16,451 2,195 53,564
TANGIBLE FIXEDASSETS - CHARITY
Land Plant
alltl and Motor
buildings machinery
etc		 Vehicles Total
6 8 E E
COST
At 1 April 2021 127,069 326,688 18,070 471,827
Additions 3,144 3,144
Disposals (7,095) (7,095)
At 31 March 2022 127,069 329,832 10,975 467,876
DEPRECIATION
At 1 April 2021 101,233 325,637 15,875 442,745
Charge for year 3,754 981 2,195 6,930
Eliminated
on disposals		 (7,095) (7,095)
At 31 March 2022 104,987 326,618 10,975 442,580
NET BOOK VALUE
At 31 March 2022 22,082 3,214 25,296
At 31 March 2021 25,836 1,051 2,195 29,082

Deferred income comprises general grants received for future financial periods.
Group G
2022
E
Balance at 1 Apdil
Amount released to incoming resources
Amount deferred in year
Balance at 31 March
Group Group Charity Charity
2022 2021 2022 2021
E E F E
Balance at 1 Apdil
Amount released to incoming resources
Amount deferred in year
Balance at 31 March
OPERATING LEASE COMMITMENTS
The following operating lease payments are committed to be paid within one year:
Group Group
2022 2021
E
Expiring:
Within one year
Between one and five years 33,250 44,150
33,250 44,150

Balance at Incoming Resources Balance at
01.04.2021 resources expended Transfers 31.03.2022
E F E E E
General fund 417,970 1,371,010 (1,418,836) 3,924 374,068
417,970 1,371,010 (1,418,836) 3,924 374,068

Balance at Incoming Resources Balance at
01.04.2020f resources
E		 expended
f		 Transfers
E		 31.03.2021
General
fund		 352,568 1,268,483 (1,240,723) 37,642 417,970
Property Maintenance
352,568 1,268,483 (1,240,723) 37,642 417,970
Analysis ofrestricted
fund movements
Balance at Incoming Resources Balance at
01.04.2020 resources expended Transfers 31.03.2021
F F
Helping
hands grants		 3,577 2,000 (1,317) 4,260
Bembridge
Library		 89,855 137 (85,898) (4,094)
Community
Grants Programme		 188,287 17,500 (25,787) 180,000
Healthwatch 10,459 22,039 (21,009) (5,000) 6,489
Short breaks - Active Living 3,430 6,291 (6,291) (3,430)
Community
Transport		 20,036 (10,000) 10,036
Syrian Resettlement
Project		 36,456 36,456
East Cowes Youth Offer 7,000 13,250 (6,385) 13,865
Community
Lead Housing		 6,823 22,289 (19,343) 9,769
Community
Led Housing		 Grant (568) 7,448 (10,136) (3,256)
Donations
Refugee related		 1,800 (356) 1,444
Additional
Syrian Support		 61,599 25,275 (46,015) 40,859
Brighstone
Parish Council		 Printing Project (687) 18 669
IOW Association
for Spina		 Bifida 2,375 10,625 (10,011) 2,989
Schooling Syria Children 7,000 (7,875) (875)
CEV Residents
Grant		 40,000 (40,000)
CEV Residents
Optio Grant		 15,000 (8,090) 6,910
Job Retention
Scheme		 47,237 (47,237)
ACRE Defra Rural 33,840 (37,140) (3,300)
429,329 253,544 (339,585) (37,642) 305,646
429,329 253,544 (339,585) (37,642) 305,646