Rivington Heritage Trust Contents Rivington Heritage Trust Limited by guarantee Report of the Trustees and Audited Financial Statements For the Year Ended 31 March 2025 WEDNESDAY A34 AEH4XNLI 10/12/2025 COMPANIES HOUSE
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Rivington Heritage Trust Wise ama Contents Trustees, advisers, and other information Trustees' report Statement of Trustees' responsibilities in respect of the Trustees' Annual Report and the financial statements Independent auditor's report Statement of financial activities (incorporating an income and expenditure account) Statement of financial position Statement of cash flow Notes to statement of cash flows Notes to the financial statements - 3 4 6 7 10 = 12 13 14
Rivington Heritage Trust Registered No: 03349084 Charity No: 106470( Trustees, advisers, and other information Trustees JG Ashworth J Burrows (resigned 12" June 2025) J Farrelly (resigned 28'h March 2025) RM Galloway C Matthews (resigned 23rd June 2025) Z Newton (appointed 284 March 2025) K Snape J Wyatt M Higginson (appointed 23d June 2025) Secretary UU Secretariat Limited Auditor Voisey & Co LLP 8 Winmarleigh Street Warrington Cheshire WAI IJW Bankers Natwest Chorley Branch 46 Market Street Chorley Lancashire PR7 2RZ Charitable company's registered office Haweswater House Lingley Mere Business Park Lingley Green Avenue Great Sankey Warrington WAS 3LP 3
Rivington Heritage Trust (Registered Number 3349084) Trustees' report for the year ended 31 March 2025 The Trustees, who act as directors for the purposes of company law, present the annual report and auditer financial statements for the year ended 31 March 2025 for Rivington Heritage Trust, ('the Trust'), a privat charitable company with no share capital, limited by guarantee and incorporated and registered in England and Wales. The names of the guarantors are disclosed in note 10. The financial statements comply with the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FR 102). Structure, governance and management Rivington Heritage Trust (charity number 1064700, registered number 3349084) was established in 1997 and is governed by the terms of its Memorandum and Articles of Association as amended by Special Resolution dated 3'd March 2004 and 244 February 2017. The charitable company is limited by guarantee. The Board of Trustees consists of up to Eight members with up to three from within United Utilities and three being from the Guarantors (note 9). The members of the Trust have the right to appoint persons to the board of the Trustees, who thereafter shall have the power to determine the criteria for appointments of further members to the Board of Trustees. Trustees The Trustees who served during the year and thereafter were: JG Ashworth J Burrows J Farrelly (resigned 28th March 2025) R M Galloway C Matthews Z Newton (appointed 28th March 2025) K Snapc J Wyatt During the year, directors' and officers' liability insurance was in force. Going concern The Trustees' considerations in preparing these financial statements on a going concern basis are set out in note l. Objectives and activities recreation area for people from the surrounding towns and further afield. It is of at least regional significance in that context. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives. 4
7 Rivington Heritage Trust Trustees' report (continued) for the year ended 31 March 2025 Rivington Terraced Gardens form a historic 35 hectare garden site on a hillside adjacent to Lever Park on the edge of the West Pennine Moors and are part of the reservoir catchment area for the chain of rescrvoirs United Utilities Water Limited is the land owner and trustee having acquired the gardens in 1938 (as the hen Liverpool Corporation). Subsequently, the assets transferred to the ownership of North West Wate Authority in 1974, North West Water Limited in 1989, and hence to United Utilities Water Limited, who lease the gardens to the trust for a peppercorn. Achievements and performance Stakeholder relationships have been continued through the year with interested parties including Local Authorities, Parish Councillors and the associated Community Forum/Friends Group. In 2016, the Heritage Lottery Fund announced an award of £3.4m in order to financially support the capital maintenance (including health and safety) of the Terraced Gardens, improve safe access and widen education materials pertaining to the heritage of the Terraced Gardens and the surrounding area. During the current year, restoration and preservation works have continued and a number of successful events have taken place within the Terraced Gardens to raise awareness and increase the profile of the project, which has attracted future funding from a number of sources in order to supplement the main Hcritage Lottery Fund grant. The gardens have been featured in several local and national newspapers, on regional radio and on television. Financial review The Board considers that suflicient funds and arrangements exist within the charity to fulfil any future obligations as they fall due should any such obligations arise. The Trustees expect that the charity will continuc to receive support from United Utilities Water Limited The financial statements and associated notes are detailed on pages 8 to 12. Reserves policy The unrestricted fund is currently a deficit balance of £12,598 (2024: deficit £9,086). These funds are used by the charity to fund future activities. The Board does not consider it necessary to hold significant unrestricted funds as the financing of any future investments will be agreed with United Utilities Water Limited before the project is embarked upon. Any agreed financing will not be recharged to the charity. Future funding There is currently a surplus balance within funds of £23.716 (2024: surplus £19,846). The level of reserves required for the charity in the future will be considered along with the future activities of the charity and any future potential grant applications. Information given to the auditor Each of the persons who is a Trustee at the date of approval of this report confirms that: • so far as the Trustee is aware, there is no relevant audit information of which the Trust's auditor is • hear of any ekal ati portal he leave her the trust to aver or tell Auditor A resolution proposing the re-appointment of Voisey & Co LLP will be proposed at the forthcoming Annual General Mceting. Liner Z Newton, Trustee and Director, 8tn December 2025 5
Rivington Heritage Trust Statement of Trustees' responsibilities in respect of the Trustees' Annual Report and the financial statements for the year ended 31 March 2025 The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the excess of incom over expenditure for that period. In preparing these financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently; • make judgements and estimates that are reasonable and prudent; • assess the charitable company's ability to continue as a going concern, disclosing, as applicable, matter: elated to going concern; anc use the going concern basis of accounting unless they either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable
Rivington Heritage Trust 1236546005951 Report of the Independent Auditors to the Trustees of Rivington Heritage Trust for the year ended 31 March 2025 Opinion We have audited the financial statements of Rivington Heritage Trust (the 'charity') for the period ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the nancial statements, including a summary of significant accounting policies. The financial reportir amework that has been applied in their preparation is applicable law and United Kingdom Accountir tandards (United Kingdom Generally Accepted Accounting Practice), including financial reporti andard 102 'The Financial Reporting Standard applied in the UK and Republic of Irelan In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incomin resources and application of resources for the period then ended ave been properly prepared in accordance with United Kingdom Generally Accepted Accounti ractice, including financial reporting standard 102 'The Financial Reporting Standard applied i The UK and Republic of Ireland'; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: _ the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or . the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The trustees are responsible for the othor information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except 1o the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Rivington Heritage Trust Report of the Independent Auditors to the Trustees of Rivington Heritage Trust for the ycar ended 31 March 2025 Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: • the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or _ sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of irregularitics, detailed blow: The following procedures were 1 - We obtained an understanding of laws, regulations and guidance that affect, the Charitable Company, focusing on those that had a direct effect on the financial statements or that had a undamental effect on its operations. Key laws, regulations and guidance that we identified include he Companies Act 2006 and Charities Act 2011 2 - We enquired of management and those charged with governance to identify any instances of non-compliance with laws and regulations. 3 - We reviewed the Charitable Company's financial statement disclosures and agreed to supporting documentation to assess compliance with the applicable laws and regulations discussed above 4 - We enquired of management and those charged with governance about actual and potential litigation and claims.
Rivington Heritage Trust Report of the Independent Auditors to the Trustees of Rivington Heritage Trust for the year ended 31 March 2025 5 - We gained an understanding of the controls that management have in place to prevent and detect fraud. We enquired of management about any incidences of fraud that had taken place during the accounting period. 6 - The risk of fraud and non-compliance with laws and regulations was discussed within the audit team and tests were planned and performed to address these risks, Danird, propriatre amiays and pent minatur ork in on-ordais i i not directed. ding. ompliance with laws and regulations is often further removed from the events and transaction reflected in the financial statements and material misstatements due to fraud can be deliberatel concealed from auditors, for example through misrepresentation, forgery or collusion A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/atiditorsresponsibilties. The description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charites (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to we have formed. Flah Jonathan Urmston BA, ACA (Senior Statutory Auditor) For and on behalf of Voisey & Co LLP Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 8 Winmarleigh Street Warrington Cheshire WAI IJW Date: 009/12/1025
Rivington Heritage Trust Statement of financial activities (incorporating an income and expenditure account for the year ended 31 March 2025 Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 € Incoming resources Voluntary income • Fundraising Investment income: Bank interest Total incoming resources 2 Resources expended Charitable expenditure Fundraising Governance costs Total outgoing resources 3 4 Corporation Tax Net into mine engine resources for the year Transfer balance funds Net movement in funds Fund balance brought forward Fund balance carried forward 12,525 196,537 1,146 210,208 (1,50S) (200,029) (4,350) (205,884) (7,836) (3,512) (3,512) (9,086) (12,598) 87,382 : 87,382 (80,000) (80,000) 7,382 = 7,382 28,932 36,314 99,907 196,537 1,146 297,590 134,601 189,549 1,331 325,481 (81,505) (200,029) (4,350) (285,884) (116,806) (172,167) (3,250) (292,223) (7,836) (7,490) 3,870 25,768 3,870 19,846 23,716 25,768 (5,922) 19,846 The incoming resources and resulting net movement in funds arise from continuing operations. The charitable company has no recognised gains or losses other than the net movement in funds for the year and the prior year. Accordingly, no separate statement of total recognised gains and losses is presented. 10
Rivington Heritage Trust Statement of financial position at 31 March 2025 2025 Note 2024 ASSETS Current assets Trade and other receivables Cash at bank Total assets LIABILITIES Current liabilities Trade and other payables Total liabilities Total net assets Funds Income funds - unrestricted Income funds - restricted Funds 5 22,249 34,432 56,681 8,732 39,197 47,929 6 (32,965) (32,965) 23,716 (28,083) (28,083) 19,846 (12,598) 36,314 23,716 (9,086) 28,932 19,846 The financial statements of Rivington Heritage Trust, registered number 3349084, charity number 1064700, have been prepared in accordance with the Charities SORP FRS 102 and were approved by the Trustees and authorised for issue on Sth December 2025. They were signed on its behalf by: Z Newton Trustee and Director The notes on pages 13 to 16 form part of these financial statements. 11
Rivington Heritage Trust Statement of Cash Flows for the year ended 31 March 2025 Notes Cash flows from operating activities: Cash generated from operations i Net cash provided by (used in) operating activities Cash flows from investing activities: Interest received Net cash provided by investing activities Change in cash and cash equivalents in the Reporting period Orate reporting eralents ar the begining Cap rid pen equivalents at the end of the 2025 (5,911) (5,911) 1,146 1,146 (4,765) 39,197 34,432 2024 € (17,834) (17,834) (16,503) 55,700 39,197 12
Rivington Heritage Trust Notes to Statement of Cash Flows for the year ended 31 March 2025 1. RECONCILIATION OF NET INCOME/EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 let income/(expenditure) for the reporting period (as per th tatement of financial activitie Adjustments for: Interest received Increase in debtors Decrease in stock Decrease in creditors Net cash provided by (used in) operating activities 8,885 (1,140 13,51 (133) (5,911) 25,768 (1,331) 22,025 (64,300) (17,834) 13
Rivington Heritage Trust Notes to the financial statements for the year ended 31 March 2025 1. Accounting policies ivington Heritage Trust meets the definition of a public benefit entity under the Charities SORP (FI 02). Assets and liabilities are initially recognised at historical co The financial statements are presented in sterling and all values are rounded to the nearest pound (f) except when otherwise indicated. Incoming resources Income is from donations, membership income, event income, car park income, shop trading receipts and bank interest and is recognised on a receivable basis and net of VAT (where applicable). Inventory Inventory is measured at the lower of cost or net realisable value. Fund accounting Unrestricted funds are donations and other incoming resources receivable or generated for the objectives of the charity without further specified purpose and are available as general funds to be used at the discretion of the Trustees. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust's work. Charitable expenditure Charitable expenditure comprises those costs directly incurred in pursuance of the charity's objectives. They are recognised in the period in which they were incurred. Going concern In preparing these financial statements on the going concern basis, the Trustees have considered the Trust's net liabilities position. Although the trust is in this position, they continue the process of establishing a number of new income streams alongside some of their more successful existing income stream. They continue to move away from some of the fundraising events that have been less successful in previous years and increase the trust's risk profile. Many of these new income streams have already begun to generate significant returns. Given this and some additional financial support received from one of the trusts guarantors post year end the Trustees have concluded that the going concern basis continues to be 2. Voluntary income Donations of €80,000 (2024: £110,000) were received from United Utilities Water Limited and £19,907 (2024: £24,601) from other sources. Acts bitin Chal es SO the (F 02), and continui sic supion of is mal role is in recognised in the accounts. 3. Resources expended £176,156 (2024: £172,557) of the resources expended during the year related to expenditure with Groundwork (a delivery partner who are project managing the fulfilment of the conditions of the grant awarded by Heritage Lottery Fund). United Utilities Water Limited also provided management and administrative services for the charity. No fee was charged for these services. Other expenses of £90,564 (2024: £118,000) were paid by the Trust.
Rivington Heritage Trust Notes to the financial statements (continued) for the year ended 31 March 2025 4. Governance costs 2025 € 4,350 2024 3,250 Auditors remuneration 5. Trade and other receivables Prepayments Other Receivables 2025 € 290 21,959 22,249 2024 8,239 8,732 Other receivables includes a related party debtor balance of £16,763.16 (2024: £8,087) due from Unitec Utilities Water Limited which was settled after the year end date 6. Trade and other payables 2025 2024 Other Payables Corporation Tax Other Taxation Deferred Income * (25,288) (7,677) (20,583) (7,500) •=.. .. (32,965) (28,083) Other payables includes a related party deferred income balance of Enil (2024: fnil) received from Unite cars of anual contributions in the prior yeas following United Ulties Water Limited advancing thre 7. Reconciliation of movement in funds At 01.04.24 € (9,086) Net Movement in funds (3,512) Transfers between funds At 31.3.25 General iced funds Restricted funds Terrace Garden (12,598) 28,932 7,382 36,314 TOTAL FUNDS 19,846 3,870 23,716
Rivington Heritage Trust Notes to the financial statements (continued) for the year ended 31 March 2025 Reconciliation of movement in funds (continued..) Net movement in funds, included in the above are as follows:- Unrestricted funds General fund Restricted funds Terrace Garden TOTAL FUNDS Incoming Resources 210,208 87,382 297,590 Resources Movement expended in funds (213,720) (80,000) (293,720) (3,512) 7,382 3,870 8. Trustees and employees There were no expenses reimbursed to Trustees in connection with their services in the current year (2024: Enil). None of the Trustees reccived emoluments for their services (2024: same). The charity did not have any employees during the year other than the Trustees (2024: same). 9. Related party transactions The aggregate transactions with related parties are as follows: United Utilities Water Limited Year ended 31 March 2025 Voluntary Purchase rom related from relate party party € 163,816 - Year ended 31 March 2024 Voluntary Income Purchases from related from related party party f 177,159 (2,191) Amount owed by/to related parties at 31 March 2025 are shown in notes 5 & 6. 10. Guarantors As at 31 March 2025 the following members of the Trust were guarantors of the company, each with a maximum liability of £1.00: • Chorley Borough Counci • Lancashire County Counci United Utilities Water Limited 16
Rivington Heritage Trust Notes to the financial statements (continued) for the year ended 31 March 2025 11. Funds Unrestricted Funds These funds, in the opinion of the Trustees, are free to use in accordance with the charity's objects. Restricted Funds Terrace Garden - these funds are restricted for the maintenance of the Terrace Gardens.