Registered No: 3349084 (England and Wales) Charlty No: 1064700 Rivington Heritage Trust Limlted by guarantee Report of the Trustees and Audited Flnan¢i21 Statements For the Year Ended 31 Mirch 2021 'A4DP0K4B 2410912021 COMPANIES HOUSE
RiviThgton Herilag¢ Tnut Contents Tntstees, advisen thd othu infornthti SIAternent of TTUSte¢s' r¢sJ>wsibilitiN inr¢¥fft of thc Trustre¥' A1 Report and the st4tem¢alg Indepelldwrt auditor'j report Statement of fioaocial activities (iDcorpoRting an inwn¢ and exditUT¢ a0rt) io Statement of financial p05i¢ion li Statement of casb flow 12 Not¢$ to 5tat¢rn¢nt of cash flows 13 Not&% to the fukncial 3tst¢ments 14
Rivington Heritage Ttvst Registered No.. 3349084 Chlty No: lo647) Trustees, advisers and other information Trustees JG Ashwortb V Ashwortb J Burrows DH Cr4wshaw J Farrel]y RM Galloway SD Jones C Matthews JK Shcpley K Snvlpe J Wyatt (resigned 16 Sep*mb¢r 2020) (appointed 3 December 2019) Secretary UU Secretariat Limited Audllor Vois¢y & Co LLP 8 Winrnarleigh Stret walgtOn Cheshire WAI IJW Bankers N2ttv¢5t Chorley Bran¢b 46 Markd Sireet Chorley Lan¢a5hire PR7 2RZ Charltable eompany's reglitered office Haweswater House Lingl¢y Mere Business Pk LiD8ley Green Avenue Great Sankey WaTTington WA5 3LP
Rivington Heritage Trust (Registered Number 3349084) Trustees, report Th¢ TTUStEes. who act as directors for the pwposes of mpanY law. prt the annual r¢port and audited financial ststements forthe year ended 31 Marth 2021 for Bivingtott Herita8e Trnst. ('the Trust,). a privote charitsble company with nci 5haTe upitsl, limited by guarantee incorporated and TC8isier¢d in England It Wal¢s. The nanM of the guaroDiot5 are disclosed in note 9. The financial statEments comply with the cIwiti Act 2011. the Companie9Act26 athd Ateounttng and Reportitigby c}lties.. Stst¢m¢n1ofR¢¢omrnend Ptice wpplicable ¢odJaT1tipr¢PJTIngth¢ir2Cctsurtts in aOrdl with the Financiv41 Rcp)rtinB Sthndarth applicable in the UK and RUbliC of trel4nd (FRS 102). srRUcTlI GOVERNANCE AND MANAGEhlENT Governing do¢umeit Th¢ charity is a charitabk inCorFted OTgaDiuIioD which is governed by the Foundation doment adopted on 21° Mtreh 1997. Reernltmellt And ppoltstmellt of trusteej Apart from th¢ first ¢vw tru51ee mwibe appoiDtd by ? r¢solutiDD passed at &PTOPErly wnlend meeting of the board. In selecting indivtduals for appoititrnettt as charity trOStee& the board must have regard to the skills. ktsowled8e and experienc¢ n¢¢d¢d for the effe¢¢ive administration of the charity. OrgAnisatlonAl¥trncture The charity tntstees shall maDaBe th¢ affairs orth¢ Charity aud may for thatPUTPO4 ¢x¢rcis¢all the POW¢TS of the ¢barity. The maximum nutllber of ¢barity twslee4 15 15. the Charity trLL51¢es may not appoint any cbarity trusIv if as aiesult the numberof ¢haTity trustees would exeeed the maximum. Declslon maklAg No decision shall be token OÉ 8 DKetiDg unless a quonun is pte5¢nt •t the time wben the decision is taken. The quornm is two Irustees. Howcvcr for de¢istons lo be valid at the meetÉng in qi)estion sufficient otice of the meeting must have b¢¢n provided its all Inle¢S ahead of th¢ me¢iitig. Indurtlon IralDIDg ofDew trnstees The board will make available w each n¢w clthrity INstee. on or before their appoinlmpAIL' copy of the emnl v¢rsi¢n of th¢ cor11110 and - a Copy of the charitÉes lalest Trtted Report and slal¢meot of aeeoutsts. Key m8ugement remunernllo A In]¢e acts th¢ shehcr uwM8eT and cwr¢DtJy does not Ceive temun¢Tation or travel exp¢D5¢S for this ro Rlsk mAnagetllettt The tntee3 have a dty to identify And rtview the risks to whi¢h the clwity is expsed and to ensure appropriate controls 3r¢ in place to provide rca50nable atsurance agaittsi fiaud and ¢rror. The ehaTity has d¢v¢loped a Tisk register to n)OYAitor cotttrol these risks to mitigate atsy impxt they may have on the organisation in the fithwe.
Rivington Heritage Twst IRegi51ered Number 3349084) Trustees, report Truste¢$ The Trustees wtLo seTheil dutTrng the year and th¢Mft# wer¢: J G A5hworth V Ashworth J Burrows D H Qawthaw J Farrelly R M Galloway S D Joaes C Matthews J K Sh¢pl¢y Snape J Wyatt (Tesigned 16 Sept¢mbu2020) (appointed 3 De¢¢mber2019) During the year. di¢10. and officers. liability insurance wa% iti forc Golng Concern The Trustees. c(msideratiorLI in pre1)118th¢SE fiDaDcial slat¢ll*Dts ott 8 80in8 wncern basis are set ou¢ innoie l. Objectiyu and A¢tivitie The POse of the Trnst is to conserv4 mairkn. pmlect8Dd¢nhane¢ for the b¢llefit of the public. the heriWe witbin the Terractd GardEDS and Lever Park. The 8arden& land and buildings altr1 over a rnillion visilors 4 yeor. These as5¢ts and ihe wi¢Jer Rivington aa aTe a very highly valued inforniaj recreationareaforpeopl¢ from the surroundingtown$ and further afleld. St is of ai leastregional siBnificaDce in that context. The TnLSte¢s eonfinn tbat they have refenEd to ihe Charity CDuunission'8 guidan¢e on publi¢ benefii wbeo reviewiD8 tbe Tnt'S aims and objxtives. Rivington Terred Gardeos fonn a historic 35 heclate gaTden sile on a hi115ide adj¥¢nt to Lev¢r Park on the edge of the West Pewii¢ Moors and a part of the reservoir tchment aTea for the chain of reservoirs at IiiviDgton near Horwich in Gteater MaDchester. The gardens feattlre in the English Herit4¢ list of Historic Park and GaTdens and contain various s¢N¢tw¢y, elven of Whic in¢lu(IiD8 tbc Mrtlln¢r house4 108gia, pigeott Wer and iwni¢ seven arched bTid8¢ are individuglly lisTrd al GF8de Il. United Utilities Water Limi¢¢d is the land Der and tnJste¢ having acquired the gardens in 1938 (as tbe then Liverpool coOr&I]0). Subsequently. the assets traferd to the ownership of Northwest W¥ter Authority in 1974. NoTth West Water Limited in 1989. al hence to United Utilities Waler Limited, who lease the garden$ to the trust for 8 peppeTcollL
Rivington Heritage Tn Trustees, report (continued) Achlevements •Bd perfornianee Stskeholder relaiion5hip5 have Een ccffltinued through the yeer with interested parties in¢ludiTQ Local AuthoTities. Parish Councillots •nd th¢ a$50¢iated COMMlty ForUnendS Group. In 2016, the HeritO8e )ll¢ry Fund aru10n¢#I on award of £3.4m in ord¢r to fuwicially support the PItal rnaintenaTKe {includin8 health and safety) of the Terr4ced Garden& Improve safe access 8nd wtden ¢du¢ation matrriajs p¢rtaining to the herita8eofthe Terraced Garden5 and the sum)unding area. During the CUeNt year. restoration And prEservln work$ hav¢ c411nUtd and a numbEr of sue¢essiSJl events have taken place the Tea(£d Goth to Taise awareness and increase the Profile of the PTojeci which has attrathd fvture fundin8 from a number of %)urc¢5 in ord¢T ts) wkmertt thE main Heritas¢ Lott¢ry Fund 8rarf. The wd¢nshave i%em feauwed in sevetAI lo1 and nlonal ttewspap on r¢gional T10 and on t¢leYis¢oft. Financlal revlew The Board considkys th4t suffi¢i¢nt fuTrds and arTan8ernents cxi51 within the thaTity to fulfil any fvture obli8atioDs as they fall due should any such obligations arise. The Trustr¢s ¢xped thai the charity will c4)ntinue to receive support from UDited UiilitiH Watet Limited. The finoDCiAI statements •nd a55781¢d notes ate detaile41 pages 8 to 12. Reserves poli¢y The unrestrickd fund is w8¢d by the charity th fund futtwe a¢tiviti¢s. The Board does Th)t coNider it nece&w to IKld significani Unreed &% th¢ finwKin8 of any futw¢ ittYes¢ments will be with Unitcd Utililies Wat¢r Limitrd befott th¢ proj¢¢t 15 en)baTk¢d upon Any ated financin8 will not be rechargtd to the Charity. Pu¢ur¢ fundlog There is #¢ur(¢nt balance withlliwwestrict¢d fund5 (which arc the same as free res¢rv¢s) of £52.227 {2020: £56.461). The kv¢l ofreserves required forthe chtiriry in th¢ future will be considered alongwith thefi a¢iivities of the charity and any fi*ure potemial gran¢ appliution> Informadoll glvell to the alldltor Each of th¢ r$onS who is a Tnsitt at thc dal¢ of ¥pproval of this report confiTmS tbat.. so far a5 the Trustee is awar¢ there is no relevant audit infomution of which ihe TNst'$ auditor is urtaw8r¢" the Trustee has tskev #ll the steps th8t Wshe tt0 havetsken as adirector to make bimselflherself aw4T¢ of any relevant audit infornthtion WKI to establish that th¢ Tr(.$ audilor is aw¥n of ihat iTheormalion. Audltor The audito Voi5ey & Co Iorp into Voisey & Co LLP ort 1st May 2021. the paMer5hip re$led and the limtted liability pafthuship was appointed as sdIng auditors. A resolution proposin8 the reappointment of Vois¢y & QI LLP will proposed at th¢ followiJ)8 Annual General Meelin8. J Farr¢lly. Trustee and DirectOT. IS September 2021
Rivington Heritage Tnt Statement of Trustees, responsibilities in respect of the Trusteesg Annual Report and the financial statements The Truslees are responsible ftir preparing the Tn15. AnDU81 Report #nd the fine11 st&tements itt ordance with 4ppliuble13w and regu]atiOD5. CompaDy law requires the Tntstees to prepare ststements for each fclaI year. Under that law they are required to prepare the firl¢la1 5tst¢ments in ¥c¢ordanc¢ with UK Ateouniing Stsndardg and &pplicabl¢ law (UK Generally Accepted Accounting PClIce). includwFRS 102 Th¢FiKolAIRePort1Rg S¢andordapplicabl¢ in ihe UKandRepubltc oflreland. Under cornpany law the Tnstees musl not appmv¢ the financial statemeots unl8 th¢y arc satisfied tl they give a tTU¢ and fair view of th¢ sr of affairn of th¢ cbaritsble Compatty and of the exeess of income over expen¢Jiturt for that PEriod. In pr¢patin8 these fmancial $iatWKDts, th¢ Trustees to.. sele¢t suitable aeeKJuntin8 lie1c5 and then apply them eonsistently: make judgements and estittsatrs that are reasonable aDd pnmlentr assessthech8ritable¢ompatty's&bilityto continue as a801n8disC1oSlffjg. asapplicablArnitter$ related to goiog wucem: aod use the Boing CollM basis of acwun¢ing unless theyeithtr intend kn liquidafr tbe chatitable eornpany ot to cease opeAtion4 or have no r¢alistic alrnativ¢ but to do $0. The Tnjstees areiesponsible for keepiogadequale accounting recoxth that ate sUtri¢ientto showaDd explain the cbaritable company's tran5actlODS and disclose with tr&*Ie aCCUTacy #t Ally tirtie tbe fmanci&l position of the charitable eompany and enable them to ensure that the fDwKial slatwnents comply with th¢ Compani%sAct 2006. They are responsible forsuch internal CODtrol as they d¢terniin¢ is ttecessary toenabl¢ the prepaTation of fiTwicial ststernents that are free from matetial misstatement. wheth¢r due to fraud or error, and have general Tesponsibility for taking such steps as are reasooobly open to th¢m to saf¢goard thc 85sets of tbe clwitable company and io prevent #nd fraud and other itre8ularities.
Rivinglon Heritage Trust Report of the Independent Auditors to the Trustees of Rivington Heritage Trust for ¢be yur tndtd 31 Marrh 2021 OplDIDn We have audited the fiDan¢541 ststemBnts of Rivin8too Herita8e Tn¢ (the'charitrf) for the period ended 31 Maxh 2021 which comwise the Slatem¢nt of FiDan¢iai A¢tiviti¢s. th¢ Balan¢e Sheet atsd ttotes to th¢ finattcial stat¢rn¢nt5. in¢luding * 5umuwy of SigDificant accounting policies. The fuwici8] reporting frwnework that Iw been applied in their prtparatioTh ii applieable law aDd Unikn] Kithgdtsm Ateounting St&ndaTd$ (United Kingdom Geally A•td ArrA)UnIll PrtIce). jn our opiniott the fllwicial statements.. give a tDJe and fair vi¢w of the stste of the cl18 effaits 85 At 31 2021 and of its incorning r¢sourtts and &pplicaiion of resoutces for the period then etmled. hav¢ IK¢n prop¢rly prepared in Kcordartt with United Kingdom (lenerally Accepted Accouatin8 Prnctice: aod h4v¢ be pwared io KCOrdu with the rtquiremetits oftbe Charities Act 2011. Basls for oplttlo W¢ ¢ondu¢ted our audit in dcu)rd with Jntrnwional Standar& on Auditing K) (ISAS (UK)) and applicable law. OUT T¢5POD5ibilities under those stsndwds ¥re fvrther described in the AuditOT8 Tesponsibilities for the audit of the fiDancial #ateuwits sxtion of our rqjort. W¢ iDdep¢nd¢nt of th¢ charity in accordance with ib¢ ethical [eqUirents that relevani to out audit of the financial ststements in the UK including the FRC5 Ethical Standard. and we hav¢ fifIlled our other ethical re5ponsibiliti¢S ID accoTdance with these requirements. We believc that the audit evidenr¢ w¢ hav¢ obtainrd is sufficient appropri4t¢ ¢0 provide a basis for our opinion. Com¢11105 r¢latkng to going ¢OD¢efD In auditiDg tbe fman¢ial staternents. we have COluded tha¢ th¢ tThslees' use of the going conCn basis of accounting im the preparation of the financial staiem¢nts is WTOPTiate. Based on the WQTk w¢ h3v¢ perfOrnI w¢ knv¢ not id¢niifi¢d any rnalerial uncertainiies T¢laliDg t events OT conditions that. itslkyidually OT collectively. may cast Significant doubt on the charity's ability to continu¢ as a going concern for aperiod of at leas¢ twelve months from when the financial $lat¢men¢s are authorised for issue. Our responsibilities and the respoL%ibilitieS of the trus*¢5 with respect to goin8 concern ar¢ d&y¢rib¢d in ¢he relevaot sections of this reporL Other tttformotion The thtee$ aTe reSn&bI¢ for th¢ oth¢r infolmation. Th¢ ¢)th¢r infonnalion mpriseS tbe infonrA8tion in¢luded in the annual teporL other than the fitwicial thtements and our Report of the Independent Auditors thereon. Our opinion on thc financial statem¢nts do¢$ Jwt cover the other infonnation cxrxpt to the extent otherwise explicitly stated in our repo we do nol express 8ny fom of &8surance conclwion theTeon. In conneclion with our audit of the fiooncial sl2tementS. OUT r¢5pon5ibility is lo read the other infornution and. in doin8 so. consider whEther thc oiher infornwtion is materially inconsistent with ih¢ financial $iat¢Tn¢nts or OUT knowledge obtained ID the audit or othetwise appeaT5 to br rnateri¥lly misstat¢d. If w¢ identify such rnai¢rio1 in¢onsisiencies OT aPPt maietisi misststgtnents. we are Tequired to delermine whether there is a material misstatement in the fuMftcial slatements or a material mi551&tND¢nl vf th¢ other infom]ation. If, b3sed on the work we have perfornied, we ¢on¢lud¢ that there is a material misstatement of this other information. we are required to Teport that fa¢L We have nothing to report in tbis regard.
Rivington Heritage Tnt Report of the Independent Auditors to the Trustees of Rivington Heritage Trust for tbe yur eThded 31 MArch 2021 Matters OD whl¢h we ire requirtd to rtp•rt by ¢xteptltsll We have nothing to report in r¢spe¢l of the following n)attm wh¢ the Charitics Act2011 requttts us to report to you i[ in our opinicin.. the information given in the Report of th¢ Thtses is irtconsistit in any n)aknial re4i¢ct witb th¢ fiTIanck slaternents; or sufficitht acc¢wilin8 yerdS have Dtsl be keptr. or the fittancial &ements not in agieetsi with the ntingTord5 and retUTDS.' QT we have not Te£eiv 4t1 the iDfornJation and expla78 we Iwire for ouraudit. RupoTrslbilitits of trust AS ¢xplained rnoye fvlly in the Stst¢ment of Trustees ResponillI14 the trustee5 are responsible for the prepar¥liott of the financial statements whi¢h 8ive a true and fair view. and forsu¢h inlernal control as the trnsttts detemline is necessary to enable thepreparation of ststern¢nts thatar¥ free from material misstaternBnt. whethEr due to fraud or error. ID prepating the financial SweMen tbe In ate re&ponsibk for 8ss¢ssing th¢ chJrity$ ability lo continue a going con¢¢rn. disG105ing. as applirable, matteTS r¢lat¢d io going concern and using the going concern basis of accounting unles$ the InerSt1the[ intend to liquidate the charity oz to rX operations. or have no re1$E1C alternative but to do so Our re¥poDslblUd¢s Cor the iudlt of the stterttents Our objectives to oblain renable assurance about whetber the fthaneial sthtements as a whole ar¢ free from material misststemeni. whether due to or error. aod to issue a R¢port of th¢ Indgp¢ndent Auditorstbat ID¢ludcs ouropiniotL Reasooabl¢a55uranrx is a . l¢vel of 4ssuTance, but is not a guarattt¢¢ that an audit conduded in accordance with ISAS (UK) will always dete¢t a marerial misstatement when it exist5. Misstatements can Arise from fraud or error and are considered mat¢rial if. individually or in the •ggregat¢. they could rea50n8bly b¢ ¢ip¢*d to influ¢nc% th¢ ¢1Mie decisions of usets tskell OD th¢ basis of these financial statements. Jrregularities. in¢luding fraud are inst8Dces of Don-cOmpliae with laws and regulatlDn5. We design PTo¢ethires in line with our responsibiliti ouiiined above. to detect material rnisstatements ID respect of ittegularilie5, tncluding fraud. The extent tu which our pro¢ekn are Pable of d¢txting ifTe8ylarities. including fraud is detsiled below.. l - Ellquiry ofTnbSte¢5 around pot¢Thtial litigation and clJims' 2- we identified th¢ laws #nd re8ulatioD5 applicable to tbe charitsble company thmigh discwsion5 with the trustees, and from knowledge of otherclwities in the secloT.' 3- th¢ identified laws and regulatioos were communi¢abJ to the 8udit team ODd were congidered through oul our testing on the audi¢. - we reviewed the chariti¢s controls And proT¢S with the Tnlet$. they were Considered for m&teTial w¢akm¢s5es throu8h out th¢ Judit: - w¢ we$9ed th¢ ¢xl¢nt of complian¢¢ ivilb the laws and Tegu]ation5 identifi¢d aknye through rn2kiti8 nquiries of management. iDspectitt8 legal correspondence gnd Teviewing truste¢ rn¢¢tiDg minuies. A fvrther description of our re5ponsibiliti&% for the audit of the financial stat¢m¢nts is located orj the FiancIAl Reporting Council's website at www.frc.oTg.ukl8uditOTsf¢5ponsibilitie5. This des¢ription forms part of our Report ofthe Ind¢pendent Auditors.
Rivington H¢ritage Trust Report of the Independent Audltors to the Trustees of Rivington Heritage Trust for ibe yer ended 31 Mar<h 21121 Use of our Teptsrt Thi5 Port is madsol¢lyto th¢¢harity'5 1ruste, 85 abody. iti •ceordan¢e with Section 144of th¢ Ch3Titi¢$ Act 2011 and regulations made under Section 154 of that ACL OUT audit WOTk has been undertak¢rt so that we might stats to the trnSte¢5 th05¢ mJtt¢Tr we are r4uir¢d to state to them iti ath auditors, report and for no other pwpose. To the fullest extetttperniilled by law. we do oot accept or as5um¢ responsibility to auyonp oth¢r than th¢ chority oDd th¢ charitys tru#ees a¥ a W, for our Audit wort for this report. or for the opinions we trL8ve forn$1 P,Lu& Philip urn10n B. FCA {Senior Stgtytory Auditor) For and on behalfof Voisey & Co LLP Eli8ibl¢ lo act as an auditor in terms of S¢ction 1212 of the Companic5 A¢t 2Crf)6 8 Wimnatleigb Str¢¢t Warrington Cheshire WAI IJW Date..
Rivington Heritage Trust Statement of financial activities (incorporatlng an income and expenditure account) for the year ended 31 M*reb 2121 UDttStricted Restricted Totsl Funds Total FurAd5 2021 2020 Voluntary inco Fundraising tnvwtmeDt ineom¢' B8nk interest 68.050 19.780 14 198.160 266,210 1.439.943 19.780 15.494 14 107 Total rewuTces 87.844 198.16 286.004 1.455.544 R450ureu expeDded Charitable expenditure Fundrw'5111g OovernaDce Msts {9.542) (273 J24) (282.866) (1.432.3lS) (4,922) (4.922) (10.939) (2.4C4)) (1400) (2.400) TO¢ outgoing resouree (16.864) 1273.324) (290.188) (1,445,654) Net ID¢omln7J(outgoin&) resources for the year
nd n¢t mov¢ment ID funds
70.980 {75.164) (4.184) 9.8 Transfer balance funds (75.164) 75.164 Net m•Yemeot lty funds {4.184) (4.184) 9,890 Fund balance br&bI fonvard 56.461 56,461 46.571 Fund balxntt trrled forwrd 52.277 52277 56,461 The iDromiThg murres Trsultin8 ntl movement iti fithd5 arise fmm contiti¥ill8 0ratiOns. Th¢ charitable eompany basno r¢eognised gains orlosses other than the n¢1 movernent in fijnds for the year and the ptioryear. Accordingly. no separate stalemBnt of totsl recogttiscd gains and losses is presented. 10
Rivington Heritsge Trust Statement of financial position
t 31 March 2021
2021 2020 ASSETS Currellt Assets Trade and other rtteivables Stock Cash at bank 11625 2.772 83,102 24.080 4.133 38.592 Toial Assets 98.499 6&805 LIABILITIES Current iiablliiies Trnle and other pryables (46.T22) (IOJ44) Tol•l Ilabilitlej (46,222) (10344) Totsi oet Issets 52.277 5A461 FuJd5 Iorne funds- thThtri¢ted Irtcome fimds- trICted S2.277 56.461 FllDds S2.277 56.461 The financial stal¢mthtts ofRivin8ton Heri4e Tnts4Te8iSteffglnumber3349084. ¢hgrity numb¢r 1064700. have been prepared in accordance wilh the Ch8riiiu SORP FRS 102 were approved by the TrEt£S Ind authorised for issue on I Scptcrnber 2021. They wcKc si8ned on its bEhalf by: J FarTtIIy Ttusiee and Director The notes on pJ8¢5 10 to 12 fonn parf of th¢5¢ fuwKial ststowits.
Rivington Heritage Trust Statement of Cash Flows for the year ¢nded 31 Mreh 20ZI 202 N•teJ C•sh flow$ from opernthig ¢tlvldos: Cash generated from operations 44.496 (23.115) Net eash provlde41 by (ud In) opertiDgetivltks 44.496 (23.115) Csh fromb Inv¢tlng •rtivltl¢J: Int¢rEst received 14 107 J¥tt tasb provlded by itiv¢stlnE dlvitieJ 14 107 Chnge kn cash t equlv%leDts In Ihe Reportlng perlod Casb c#$b equiv¢thts #t the beginnilli Of the r¢por¢lng perlod 44.5)0 (23,008) 38,592 61.6 C$h And ush equlvAlents #tthe end Reportlng period 83,102 38.592 12
Rivington Heritage Trust Notes to Statements of Cash Flows ror the ye4r ended 31 M•r¢h 2021 RECONCILIATION OF NET INCOhlFJEXPENDITURE) TO NET CASH FLOW FROM OPERATING ATIVITIEs 2021 2020 Net illCDm¢l{expendltUT¢) for tb¢ r¢pordDt period (as per the stst¢lD¢Dt of (In¢1¥1 •¢thltles) (4,184) 9.890 Adjustments fw: Interut received Decrea$¢ in debtors D¢¢Teasel a1¢aSe} in stock Jnctea%E I (Dectwe) in oediton (14) (107) 11.455 120.070 1.361 (4.133) 35.878 (148.835) Net C4sh PTovidrd by {uscd in) opttating activities 44.496 (23.115) 13
Rivington Heritage Tt Notes to the Financial Statements r•r the year Mded 31 Mar¢b 2021 A¢tIng polldes B851s fjf preptt0 The financial atementS have b¢¢n PTepor¢d iti acc0rdffj with Aeeountin8 and lieportin8 by Charitie5.' Stst¢ment of RecomD)ended Practic¢ applicabl¢ to ¢hriti¢s PTeparin8 their a¢unts in awd&r¢ with th¢ FiDan¢ial Reportitig Stsndard applile itt th¢ UK and R¢publi¢ of Ir¢lar IFRS 102)-(Charities SORP (FRS 102)) artd the Cow1 A¢t 2006. Rivington Heritsge Tnjst rntd$ the d¢finition of a public ben¢fJt entityurtdcr the Charities SORP (FRS 102). As5¢ts 2nd liabilities ar¢ InitilY reeognised at his¢orieal eosL The fiDancial ar¢ pTes¢nt¢d in strTliDg al all valucs rounded to thc neaTest p)und (£) except when othuwise indicate In¢ome All income isr¢eo8nised inthe St4tementof Finattcial Activitieson¢¢ihe charity Iw entitlementts the fund5.i¢ ispTobable that the in¢om¢ will b¢ Teceived and the amount ¢aTh b¢ mcasurtrj reliably. Donations. ore T¢¢O8ttised whett th¢ Charity h&¥ b¢¢JJ notified ID wrili08 of botb tbe TroUn1 and settlement d&ts. In the event that a donation is subject to conditions that require a level of perfomian¢e b¢fot¢ the tharRty 15 ¢ntitled to tbe fvnds. Ihe income 1$ d¢feu¢d and not r¢cognised until ¢ithu th0 condilion$ are fully e4 or the fvlfilment of those condiiions is wholly wiihin the control of thr charity attd li 1$ probablc tbat those wnditioDS will be fvlfilled ITh the r¢portithg period. ItL¢ome from 8overnDwii and other grants. wheiher'wital. gnots or 'revenue' gran15. is TectsLi$td wbell the cbarity has entitlement to the fund& any perfornknce CODditions attached io the grants have bll met. il 15 pTobabl¢ that the income will be received and the amount can be measur¢d reliably and is not defured For legacies, entitlement 15 taken as the urlier of the date OD w7ti¢h eith¢T-. the charity is aware tb8t probate h&s been grduted, thc estatE has been finali5ed and ootificatiOD hasbecn made by the executor(s) to ihe Tnt thata di$tribution will be made. or when a disrribution is rec¢ivcd from the estate. R¢¢¢ipt of 4 legacy. in whole or in part, is only considered probable when the alllount wi be rnea5UTfAI reliably and thc charity has been [tified of ibe executor's iDt¢ntion to rn•ke a di5tiibutiOJh. Wher¢ legacies bav¢ b¢¢n notifi¢d to tbe charity. or the tharity 15 aware of tbe 8[atIll8 of PTobate. and the criteriaforinwme reco8nitioob&venolbeenmeL then ibele88cy is a treated 8S Acontiogentass¢l8nd diKlI)sed ifmalerial. Inler¢st OD fi)nds beld on dep051t is included eft rtteivable and Ihe amoutst ¢anb¢ meawred teliably by the charity,. this is nornially upon notification of th¢ int¢rest paid or payabl¢ by the Bank. fund& it 15 probable thai the in¢Dme 55711 be yeceived and tbe e4n be measured Teliabty. Expendlthre Liabilitl¢5 afE recogDised as expenditUTe as 5Don as ther¢ 15 a legal or con5tru¢tive obli8ation comynilting the clwity io that expendimre, it is probable that a tsan5ftr of economi¢ benefits wkll be required in settlcment and the amount of the obligation can be measured reliably. Expenditure is accounied for on an ac15 basis and has beeTh C181r1ed under headings ihat aggr¢gate 811 cost reled to th¢ category. Whet¢ costs cannot be directly attributed to particular headings they b•ve been allo¢ated to adiviti&% on a basi$ con5i5tenl with the us¢ of tesout¢es. - ExpEnditure on charitabl¢ activilies includes tb¢ costs in¢utr¢d by ihe Charity to enable it to bjlfil ils ¢Cr¢ oper?tions. 14
Rivington Herita8¢ Trust Notes to the financial statements A¢eoMnting Polidu- continued Expenditure - Other expenditure repruettts those item$ not f•lling into •ny other helin8. Tx•tlon Th¢ charity is exempt from tax on its ¢lwitablc adiviti Fund accotIng UnTCStrACted fvnds can be w¢d in a¢coTdw with th¢ dwitableobj¢cliv¢s w th¢discrelion of the tsvste¢s. Restricted funds ¢n only b¢ used for particular restrict•J within the objects of the eharity. Re5triciions JTIX when specified by the dWr or wbea funds are Tais•J for ttIcu10r restricted purposes. Further explanation of the nalute attd putpose of eacb bjttd is iacluded in the notes to the fuwicial stsiemetits. Basle fmoclal asjets Basic fmancial assets, whtth ijJ¢lud¢ d¢btor$ ¥nd attd bonk balancc& initially measured at tran5actiOD pr[¢¢ including transaction costs and are subsequently carri¢d at amortised costs Using the effectivc interest method un1¢55 the arrangernent ConstileS a fmancing transactiott. whete thE transaction 13 measuredAt the presentvalue ofthe fithirc rcccipts diseowit¢JJ at a market rateof iJ)terest. FinanciY41 assets classified as re¢¢ivable within on¢ y¢arar¢ not an70rtis. Goln¥ In prepaTing th&se finan¢ial s¢m¢ts on the going ¢on¢¢rn b&¥i4 th¢ Tr51¢¢& have considered thtTnLSt's net assets position. Th8 net 8ssets are deem¢d to b¢ fvlly rEcover8ble and the Tnjst continues to generate a surylus. For these reasons. the TntteS bave concludtsj that the going concern ba51S COlltinue5 lo be appropriat¢. Voluntary Income Donations of £198,160 (2020.. £1.084.808) were received from Herilage Lottery Fulld, £30,000 (2020: £250.421) from United Utilities Water Limiied and £38.05012ff20: £24.470) from other gjurces. The TTUSI b¢n¢fits gT¢aily from the involvement and ¢nthusioSti¢ support of its many Yol4mt¢¢r5. In aCCordaee with the ChaTiti¢5 SORTr (FRS 102). th¢ w)nomi¢ ¢ontribution of general volunt¢¢rs is tsot recognised in the accounls. bowever. in¢ome intludes £Nil (2020: £80.244) of services dottated by skilled or ptof¢$$ional volunteers. Resourw expended £273,324 (2020.. £1,348.702) of the T¢sourus expendrd duiing the year r¢lat¢d tD ¢xpend1tre with Groundwork (a delivery partner who are PTojed managing the fulfilmeoi of the conditions of the grant award¢d by Herila8e Loltery Fund). Unit¢d Uiilities Water Limited also provided management and ?dD]iDistrativ¢ Servi for the chaTity. No fec was char8ed for th¢ service5. lil tb¢ year United Utiliti¢5 WatcrLimited paid no oth¢r up¢nses (2020: £679). There were no non-audit fees or f¢¢s in Tespect ofother services in either year. Other expenses of £16.864 (2020.. £2.690) were paid by the TnJ5L Resource5 expended includes £Nil (2020: £80.244) of p¢O$c rel¥ting lo the ¢ime donated by skilled and prof¢59ioll#l volwite¢rs.
Rj'vington Heritage Trust Notes to the financial statements (continued) 4. Governlnce costs 2021 2020 Atsditors Temun¢rntion 2,400 2.400 5. Trade and other receivAbles 2021 2020 Px¢paymeThts Oth¢r R&¢ivables 11.625 898 23,182 12,625 24.080 Oiher Teceivables AludeS 8 related p8ty a¢crned incotThe blaCe of £l.(NKI (2020: £3.795) due from Uoited Utilitie$ Watu Limited settled aft¢r the year end date. Trnde and other pay*bl¢s 2021 2020 Oth¢r payabks (46,222) (10,344) Reconcllladon of movement In fund5 Net MtsY¢m¢Dt In (D9 Tr•nsfer Betsyee Fllll At 31.3.21 At 01.•4. Unrestrl¢t¢d G¢n¢ral fund 56.461 43.644 (47,828) 52.277 RestrSeted lunds Terrac¢ Gardm (47.828) 47.828 TOTAL FUNDS 56.461 (4.184) 52,277 Ne¢ mov¢meDt in fuD(Ls. includ¢d ith the above are a5 follows'.- R¢stsllrtt&MoYement ID ¢xptDded funds Rtsowrces Unrestricted fuDds Oeneral nd 87.844 (16.864) 70.980 R¢strltted furtds Tetrace Garden 198.160 (273.324) (75.164) TOTAL FUNDS 286.( (290.188) (4,184) 16
RivInon Heritsge TnLSt Notes to the financial statements (continued) Trustee5 ind employees Theie w¢ no expenses reimbursed to TDJStets iti coun¢ion witb theirsetvic¢s ID the year {2020.. £nill. Non¢ of the Trnst¢es r¢c¢iv¢d ¢molwn¢nts fortheir seThi¢¢s (2020: sxm¢). Th¢ ¢harity did oot have any wwloye¢5 during the year other tban th¢ Trust¢¢5 {21Y20". sarnel 9. Rejoted p¥rty tran$edoxs The aggr¢8at¢ traiisxtions with T¢Jat¢d ptr$ are ¥8 foll Yer eDd¢d 31 Mrch 2•21 Voluntary Pureb•ses ioeomt frorn related related pArty party Yur eDd¢d 31 Mrcb 21120 Voluntary Pur¢&gses itit•me from related relted party prty United Utilities Wa¢¢r Limid 30.1)) 250,421 Amoun¢ oW4>Jby1ad parties at JI Marth 2021 are sbowD in nol¢ 5. 10. Guarantors As ai 31 March 2021 the followiog membBrd of theTrust were gllaTrntOf5 of the company. each with a maxijllum liability or£i.00: ChoTl¢y BorouglL Couneil LancashiT¢ Cowity Council United Utilities WAtcr Limited 11. Funds Unrestricted Furtds These funds. in th¢ opinion of the Tntt$. are free ts use itt acwrdance with the charity's objwts. T¢rrAce Gardens Rtnovatlon FuDd The clwity is ¢umtly undertaking renovalion woof the terrace 8aTdens and 1$ iti receipt of Heritage Lottery fiding and volunlary incorne from Unitrd l11t1¢S third parties. At the y¢ar-end date a¥ th¢ r¢Dovation work5 ar¢ still in progress a fmal rKon¢iliation of mitched fiJttdin8 has not be¢n wried out bEtw¢en th¢ ¢harity and GToundworks. 17