THE THREE RTVE PARTNERSHIP I)ORSET IMITED BY GUAIWITEE FINANCIAL STATEMEKrs YEAR ENDED 30 JUNE 2023 Conwy nwnb¢r 04801788 RegiS￿red¢han"ry nwnber 1106977 C•nteDts Page AdrniDistrdtive Infortnati¢)n Tn￿lee Directors. Report I￿lependent Auditor5. Rerxjrt Consolidated StateTneDt of Financial Activities Cijwlidated Balance Sheet Consolidated Statement of Cash Flows Notes to the FIt￿claI Ststements 10- 19 FLETCHER & PARTNEILS CHARTERED ACCOUNTANTS SALISBURY •ACZVBKAI• 284OY2024 COMPANIES HOUSE THE TIIREE IUVERS PARTNERSHIP DORSET IMITED BY UARANTF.E ADMINISTRATIVE INFORMATION TRUSTEE DIRE ORS Mr B Von Clemens Ms K C Kisb¢¢ Mr R Messer Mr P D Silvester CBE Mr M Walden bAr M H¢bth"tch Mr A J WJTter Mrs S Batber (appointed 0510312024) (appointcd 08109122) (apw>Jrtted OW091221 (resigned 1611112023 (resigned 28102r2023) (resi8ned 13110122) KEY MANA EMENf PERSONNEL Mr A Waistelvmr J PaThy GencTal Manager Mr J Panylms L Weslby Operatiotts Manager Mr W Magce FiDance Manager CHARJTY ADDRESS Hardmgs tAne GilliD8bam DO￿¢1 SP84HX ADVISERS Auditor Fletcher & Partners cro￿ Cbambery Bridge Stree4 Saltsbury. Wiltshite. SPI 2LZ Lloyds TSB Bank plc Wilsons, Alexandra House, St John5 Str¢eL Salisbury SPI 2SB Dyne Drew¢tL Markd Place. wi￿8nto￿ Somerset, BA9 9AB REGISTERED CHARJTY NUMBER 1106977 REGISTERED COMPANY BER 04801788 THE THREE RIVERS PARTNERSHIP DORSET TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 The TnLStee Directors (bereinafter referred to as Trusttts) prescttt Alln￿1 Report and Accowits for the year ended 30 June 2023. which have bttn prtpared so as io ¢omply wilh the pmvi$ions of th¢ Companies Act 2006, the Charities Act 2011 and the Ststemenl of Recommended Praciice Accounting applicable to chariti¢$ preparin8 their accounts in accordance with the FinarKial Reportin8 Standard 102. STRUCTURE, COVERNANCE AND MANAGEMENT The Charity 15 a company litnited by ￿a￿aDtte. It was Inco￿ted ¢m 17 June 2C(13. The company {bereinofter referred to as the Trusi or Chan"ty) is operaL¢d by its Tnstees who rneei p¢nodi¢ally. New TnLYees are recnlited frorn alnong people who have an interest in furthering the ainLS of the Charity with a view to ensuring that all the necessary competencies are represented wiihin the trusiee b(Mty. BACKGROUND TO FORMATION OF THE TRUST, ITS AcfiviTIES AND OBJECTTVES The Three Rivers Partnership is the community parn%Tship for GilliTh8ham and the SLurounding area of North Dor5Ct. It wa$ set up in February 2003 the objettive of promoting the well being of the wholt arta. A SUMMARY OF THE OBJECTS OF THE CHARITY AS SET our IN ITS GOVERNING DOCUMENT Tht charitys object5 are to promott the bencfit of thosc who live in Gillinghm Dorset and the Surrounding area. A). By the relief of poverty. the advaTK¢meni of educatio￿ training at)d th¢ ans, th¢ Prornouon of public h¢althcar¢ facilitie5 atMI ehildcare, the protection and enhanceMIt of the environrneTht, the preservation of buildings or sites of hi$iori¢ or arChI￿¢tUral in4)tsrfantt. the PTtsViSiOTL of or assistsn¢e in the PTOVi$iOrt of facilities In the Interests of social welfar¢ for recreatioTh and leisure time occupallon with the object of improvin8 the conditions of life for the irthabitants of the said area. B). By the prom(AiOn of such other charitsble purrrt)se5 for the general benefii of the public or section ofthe public within the aru of GillinghanK Th)rset and the SU￿Undthg area as the ¢han"ry se¢s fit. SUMMARY OF MAIN ACTIVITIES OF THE CUAIUTY IN RELATIof4 TO rrs OBJEcrs In 2004 th¢ charity was responsibl¢ for the creation and publication of the Gillkngham Action Plan whose principal tenets reflect A) above and trLLsiees are involved individually in several of the resultin8 iniliativcs. Progress is fornully reviewed antsually bui also reported io the Board on a regular b¥is respect of the EnviroDDje￿, CommuDity HousiD& and Healtb & Wellbeing. This is iti addiuon to the signifi¢aut role wid¢Trak¢n by the ¢haTity wh¢n it ¢on)pleted th¢ redevelopTnent of the Rivers Meet Centre. This facility has beert opeth to paying ¢VSLomers $i￿e Augwst 2010. The charity operdte5 the centre via its sub$idiary. the Gillingham Community athd Leisure Trust (GCLT) Limited. which conljDues to provide the public with facilitie5 for exerci% and actively prornotcs the benefits of a healthy lifcstylc. Over th¢ lasi 10 years th¢ parent charity has provided financial adtniDithtive sUPPOrt for a growing Dumber of ¢otnTnuDity a¢tiviti¢s- most active are the local yO￿h club. a dementia supix)rt group. a litter picking group aThJ a local walking club wkn also organise an annual ftstt"val. ACHIEVEMENfs AND PERFORMANCE OF THE CHARITY The Gillingham CoTnmunity and Leisure Tr)]st ormtrs a cafe and sells n￿l0]Y swinuThng related items to ¢omplemelli and enJ)ance th¢ leisure ¢entre ¢xperi¢nc¢. CHARITABLE AcfiviTIES Many other commnity volunteer groups have applied for lottery fithded 1*8istatsce over the ￿ and several of these corttitiue under the financial umbrella of th¢ Cbariry which maintairL5 restricted for those mentioned above as well 3s the Friends of Gillingham RaJlw#y Strtioi the annual Town Chri$o))as Meal. and the provision of ¢ompanionship opportunities such as'foffee Companions" and thc" Greener Gillinsham" projects. The charity encourages Com￿unity gatberings on th¢ Town Meadowwhose esthbl1shn￿L ILS a Iv*ebold elltity wa5 sUp￿Cd by thc cl￿rity. Pa E THREE RIVERS PARTNERSHIP DORSET TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 CHARITABLE AcrivmES {CONTINUED) Thc utnbrella providcd by Ihe chatity ellables COMM￿lty groups to apply foi filnding and rettiv¢ donations which are held by the charity on their behalf. Gillingham TO￿ Council and Don¢t Council granted signifi¢ant funds to the Yout Club in 2022-23, as in 2021-22. and additional grdDts wer¢ rectived this year from Dorset Police and Rendezvous. Supernurkets and other b￿5]The&ses in the local area also funded Several of the other comfftunity wups and aciiwties. The GCLT accounts provide a full 5urnmary of thc activities of the charitable ￿Mpathy. Some of the hjghlights W¢T¢ the developrnent of a partnuship with Dextra. a Ir*al I￿5]nesS that has enabltd thern ¢0 open a second site in Gillingham ith a new gyinn&5ium and 8￿8$[1C5 facilities. Tbese are still at an early sts8e of operdtion. and are refining the operating model, but initial signs are that th¢ new facilities are proving popular with users. They have also invested in enerev savitt2 *cknoloev to enable th¢m to nuuoate th¢ incff&sed oDeTatiooal COSLS driven bv hith ent￿V prices. NATURE OF THE COVERNING DOCUMENT AND CONSTITUTION OF THE CHARITY Tbe cbarity is constituted as a collwy lirnited by guarantrc ond is thereftsre gover[￿ by A memmndum and articles of &ssociaiion. The direetors of the company are also trusttes of the charity- Eligibility for membership of ihe charity, and of the board of tru5tets is gov¢rncd by the m¢[￿randL￿n and articl¢s of association. There ate Testri¢tions in th¢ governing dO¢un￿￿t on the operaiion of the ¢1￿1ry or on inYesllr￿i powers other than those irnposed by charitable law. THE METHODS ADOPTED FOR THE RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES The trustees are appointed annually in xcordanct with thc Memordnthun and Articlcs of Association. THE ORGANISATIONAL STRUCTURE OF THE CHARrrY AND HOW DECISIONS ARE MADE The board of trL]5tee5 meets regularly as a full board. A number olyoups have been formed whose purposes are to support specifLC aciivitie$ in the community and tbe tsust hol¢ts, re¢eives and disburses fijnds on their b¢half. Ea¢h fi]nd is Managed on a restricted basis. Each 8roup e2thcr a trustec or a committee Iwh05e chair or financial representative is 2uthorJsed to a¢1 for the￿ in respect of their fwxl. Tr board ttc¢iv¢s d¢tail¢d updates at every meeting on those fiJnd5 aTKI actjVLty sincc the previous rneelin8. RELATIONSHIPS BETWEEN THE CHARITY AND RELATED PARTIES There weTC no transactions outshde the nonnal cour5c of bu5irKs5 with related parties in the period. POLICIES ON RESERVES Reserves have beem estsblish¢d to provide for fiLthJre activities and the tnLSt¢¢s have wsd¢ powers of iDveslrn¢nt. The charitys Tes¢ryes are primarily held to for the fimding of future COmTDunity activities u￿]ertaken by the 'coTnmunity groups ¢urrenily under its umbTell& Ai the balance sheet th¢ only inv¢stm¢ni ¢aTTi¢d oui is to pla¢¢ I￿nI¢S held in an iDterest bearing bw]k aw>uDL FINANCIAL REVIEW The ￿0￿p recorded rtet expenditure (before exceptional items) of £143.439 (2022.. £56,890) for the year. In th¢ year end 30 June 2023 the leisutt centre 8tnerated £1,158,331 of Incoff￿ from user5 of the River5Meet Leisure Centre (2022.. £1.022,691). Th¢ par¢n¢ charity continued io spend r¢s¢Tir¢¢d gwjts from previow years, and a swplus of £4,208 {2022.. deficit of £7,199) was recorded by pat¢ni Charity. The group Ihad net &S5ets as at 30 June 2023of £3.803,885 {2022.. £3.974.324). PUBLIC BENEFIT The trustees confm tha¢ they have ¢ot)wlifyJ with the duty in wion 17 of the Chariti¢s A¢t 2011 to have due regard to the public benefit guidance published by the Charity Comrnission. Specifically, the trLt5tees cotLsider that the facilitie5 for recreation and leisure will bc available to all nKrnbcrs of the ¢onJmunity. VER PARTNE]LS 'RE JUNE 2023 ET NDED3 COPUINU FUTURE PLANS The par¢Dt tharity will continue lo swort 4 range of COmTnunity PTojects oytr fitr )tars. Its subsidiary, Gillingh&m Communtty and L*]sL￿¢ Limiid, has eXp￿ded onto a 5KATrnd site and will wniinuE to TEfine the offer to best meet the needs of th¢ local populati￿. Running a swirnmingpcol and maintsining wattt and atr t¢mperntures mean the leisure centre is wticularly f4fifected by eneryy prices andhas alffady ell2c(ed some nllior investments to rethice th¢irenergy needs. This wojk will continue with th¢plw)D¢d ¢xpansion of LED li￿tillE aThl solarpfjnel instsllation. The Leisure ¢entre is CUTEently Conth￿11n8 a Tewew of itssraffing model to release efficie￿¢1¢9 #CTOSS the hvo site and is foeussed on consolidating and maintsining the fabric of the facilitts it many. The Tnjsws are looking w improve Tnmunication and marketing iu parknership with corntnunty Stakeholder5. GillU￿hlM Town Council. Gillingb#m School, local employer3 8nd wth witnRry Car? s¢rvi¢4Y. ACCOUNTING Af4D REPORTING RFSPONSIBILITI Charity law requires the TTWtees to prepfire financial tstthnertts. ftt each fmanciaj ￿. in x¢oYdan¢e with applieable law Ui)it¢d Kin8dom GeDerally Aecepled A¢¢ountin8 Practice (UK GAAP) wtiith give atrlke and fair viow of th¢ financial activities of the cornpany d￿ingth¢ year of its financ￿ position atthe end of the y¢ar. In prep￿ing those statements. the Tn￿1￿$ are wuired to: 1> Select suitsble a￿O￿ting policie5 aDd then apply them ￿r￿lstent1￿. 2) Make judgernents ond e3timJt¢s that ore rewnable and pruden 3) State whether applicable ￿COunting stsndard$ and statan￿ts of rec(rnerthd praaice have been followd. sllbject to any departures &'sclosed and explained ITr the finan¢ia] statements: 4) Prepare the axounts on A going toncern ixsis unlets it is it)aw(¢Jriat¢ to wumo the company will continue in operatio Th¢ Ttl￿te¢S ar¢ r¢5p)nsiTr•le for kttpiDg *qua* ￿cOUnting r¢¥ords wbicb dixlose with re&%onabl¢ a¢¢uracy at any time the tinaneial posiuon of the company and which e]thle than io auure that the financial statements compty with th¢ provision5 of th¢ Componi¢s Aet 2006. are also respon￿bIe for Safe￿rd1Thg the assets of th¢ ¢haTity and hence for takin8 reasonable steps for the pTeVenti￿ and dete¢ti¢)n of fr￿d and other irregularities. The Trust¢cs ￿[￿1r￿ tha4 so far &% they are awar4 thete is no relevani Audit inhnnation of which the comp2Thgs auditors are unawgJe,' and cach Tr￿¢¢¢ tsken s¢ep5 whith he or the ought to have tsken a Trw*e to rtd(e hirnself or he￿elf &wore of anyrel¢vaot audii itifixmation and ￿ estsblish that the compangs auditors are aware of that infotingtion. This report has been prepared in accordan￿ with the SP￿1￿ provisio￿ of Part 15 of the CompanR¢S Art 2006 relating ¢0 small compani¢5. ST￿ed behalf of the Tnw on B Von ¢m¢ns Pa INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE THREE RIVERS PARTNERSHIP DORSET Opinion We have audited the financial statements of The Three Rivers Partnetship. Dorsd 8NL its subsidiary. The Gillingham CoDvnunity and Leisure Trust Limited, (the group) for the year ended 30 June 2023 w￿.Ch are set our on pages I to 18. These cornprisc the Consolidatcd Statcrnent of Financial A¢tivitics. the Constslidaied Sununary Income and Expendilur¢ Account, th¢ Consolidated and Par￿l Charithbl¢ Company Balan¢e Sheets and the related not¢s. The financial reporting frarnework that been applied in their preparation i5 applicable law and United Kingdom Ae¢ounting Ststhlards including FinaNia] Reponing St2Thtsrd 102: Th¢ FitwKial Reponing Stsndard applicabl¢ in the UK and Rq)ublic of Irela[￿ (United Kingdom Generally Accepted Accounting Practi¢e). In ouropLDLon the financial statements: v¢ a tye and fair view of ihe stste of the group's and the paren¢ ¢hafitabl¢ ¢oMpan￿$ affaiTS as at 30 June 2023 and of the group's incom￿8 re50urce5 aDd applicathon of resources, includiD8 its incon￿ and expenditure. for the year then ended. have FKen properly PTtpared in accordanct with United Kin8dom Germlly Accepted Accountitlg Practice,. and have l)ten properly Pr￿ared in accordance with the requirements of the CoTnpanie5 Act 2006 and the Charitses Act2011. B*si$ for opinion We ¢(pnducted our audit in ac¢ordatKe with Irtt¢rnaiionai Sthndards on Auditing OJK) (ISA5 (UK)) and applicable law. Our respollsibilities under those standards dre further in the Auditor's reSpor￿1b1jlI1es for the audit of the financial stalements section of our rep)rt. W¢ or¢ independent of the group in accordance with the cthical requirements that are relevant to our audit of the financial stattrncnts in the UK includin8 the FRC'5 Ethical Standard, and we have fillfilled our other ethieal respotlsibilities in a¢¢ordan¢e with these requirements. We believe that the audit eYiden¢e we have obtained is sufficiettt and 3ppropriate to provide a basis for our opinion. Conelu$ioo$ rel*limg to going rr ibal includes our opinion. Reasonable assurance is a high level of asswan¢e. is not a gurntee that an aud]"I cond￿t￿ in a¢¢ordaThce with ISA% IUK) will 8lwdyS detect a material rni5StatemeTht when it exists. Mis5[ate￿Knts can arise from fraud or error atxl are ¢on$idered n￿terial if, individually oi in th¢ a￿ega￿, they could rtason4bly be ¢xpeu¢d to influcntt the e¢ontimic decisions of u%r5 takeTL on the basis of thtse firwKial 5t31ctr*nls. Irregulariii¢s, in¢luding frau( are instsnces of [￿n-coMplIanC¢ with laws and fegul•tioDs. We desi￿ procedutes in line with our ￿pO[bS1b]II[ies. outlined above. to dete¢¢ material ttLissratetDents in respect of irr¢8ulariiies. iDcluding fraud. The extent ts) wkn.ch ourpro¢edur¢s ar¢ capable of detrcung in¢gwlan"ties, includiDg fraud 1$ detailed below. Our work on in¢ome itKlude5 reviewittg income streams for conjplctcncss and cut-off. which we considcr givc5 good a5sufdnce over the accuracy of income and debtors in the accounLS. Our work on Creditors and expendiftjre is olso wnsLder¢d ¢apable of ￿VIng ossuran¢e that costs are valid busTness expense5 and Included in the correct accounting period. Work on cornpliance with laws and regLLlarions is lirnired to inspe¢(ion of correspondeu¢¢ and enquiry of lljanagement and so there ¥Te inbereDt IiTllitstions ill these audit procedures. A fiLrth¢r des¢ription of our responsibilities for the audit of the fiTthncial sthtements is lo¢ated on the Financial Reporting Council's website al.. Iwiww.frc.org.uklauditOT5fe5rK)rLsibililiesJ. This description forn)s part of our auditor's r¢port. This report is mth sol¢ly io the companys membm. as a b￿y, in xc0rd￿￿ with scdion 495 and 496 of the Compani¢s Act 2006. Our audit work has been undertaken 50 that we might strte ￿ the company's membets those rnatteTS wc are required to state to them in an auditorfs rqjort and for no other purpose. To the filllest ¢xient pern)itted by law, w¢ do noi ￿cePt or a55urnc f¢$F￿N$￿bl11ty io anyone Oth￿ than th¢ company and its mernber5 05 8 body, for our audit wort for this reporl or for rhe opinioDS ￿ have fornxd. James Flet¢h¢r (Senior Ststutory AuditOT) for and on behalf of FLETCHER & PARTNERS Statutory Auditors Bridge Street Salisbury SPI 212 Fletcher & Partntrs is Cli￿￿1¢ to ¥t as an auditor in kn of 1212 of the Companies 2CK)6 THE THREE RIVERS PARThERSHIP DORSET IMITED BY GUARAf*TEE ONSOLIDATED STATEMENT OF FITr*ANCLIL ACTIVITIES Ip4 ORPORATING INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30JUNE 2023 Unrestricted Restritted FuThd Fund 2023 21123 Total F￿￿￿$ 21123 Notes Tot•1 2022 INCOME AND ENDOWMENTS Donations and Grdnts Other trading income Charitsble activitt¢5 Inv¢s¢mt in¢ome 9.803 363.191 1.158.331 253 49.354 12.163 59,157 65,605 375.354 221.221 .158,331 1.022,691 694 33 Tot*] ltteome 1531.578 61,958 1.593,536 1,309.550 EXPENDITURE ON= Raisin8 funds ChaTiiable aaivities 97.998 1,581227 56.024 154.022 91.532 1,726 1,582,953 1.274,908 Tot*1 Expttsdliurt 1,679225 57.750 1.736,975 1.366,440 Net Expe•ditur¢ (147,64 4.208 1143.439) (56,890) ExctptlDnal w41ver of lltssttured lo# Ex¢eptional debtor write off 242,200 (60.000) TrgD$f¢r5 bettyeen fumds (s￿> NET MOVEMENT IN FUNDS (148.147) 4.708 (143.439) 125.310 RECONCILIATION OF FUNDS Fund Balances brought fonvard 19 3.885.995 61 J29 3.947,324 3,822,014 Fw)d Bolances carried fon¥aTd 19 £3.737.848 £66.037 £3,803.885 £3.947.324 The results derivc from coniinuiD8 activlties al￿ there ate no gaiDs or losses other those slwwn above. The note5 OD pa8e$ 10. 19 forni part of these accounts RS PARTElE￿H￿P LIMIT BER: CONSOLIDATED BALANCE SHEET The Grnllp The CompAoy 2022 2023 X122 FIXED ASSETS 12 4.3752￿2 4J35.675 CURRENT ASSETS Stock Debtors Cash at bank aftd in hat 10.913 24.987 90.086 5.787 196.620 236,426 13 1.739 48.136 1303 39,307 125.986 438.833 49,875 41,610 CREDfTOIL8 . antOUDts fAlllng dut within ODe yur Creditors 14 195.097 246.570 7.624 3,567 NfiT CURRENT Assrfs i(LiABILITIES) (69.111) 192.263 42251 38,043 PROVtSlONS 17 CREDITORS . *moullts falling due •ft¢r •¥or¢ thAU on¢ year Is 502206 580.614 NBT A&SETS £3.803.885 £3,947J24 2251 £38,043 Represeniing: UNRESTRICTED INCOME FUNIKS Genernl fimd 19 3.737.848 3.885,995 1.108 1,608 RESTRICTED INCOME FUNDS R8Stri¢teA fvnds 19 66.037 61J29 41,143 36.433 £3.803.885 £3.947.324 £42.251 £38.043 The account8 hive Fry8red in *¢cordan￿ wtth the special provisions of Part 15 of the Comp8ni¢5 Act 2006 relatin8 to small companies. Approved by the frustees OD and si￿]¢d on their behalf , /,/,, airof Trustees Von Clemrn3 Th¢ notes on 10. 19 fom pftrtof these accounts THE THREE RIVERS PARflERSHIP DORSET LJMI'I'&D BY GUARANTEE COMPANY NUMBER: 04801788 CONSOLIDATED STATEMENf OF CASH FLOWS AS AT 311 Juf4E 2023 2023 2023 2022 2022 CASH FLOWS FROM OPERATING AcfiviTILS Net provided by (￿Sed in) operatin8 8clivitLCS 241,996 {95.428) CASH FLOWS FROM INVESTING AcrivrrIEs IDteresi received Intercsi paid Proceeds from the sale olproFty, plant and eqvipTrKnt Purchase of properry, plant and equipment Net cash provided by (used its) investing activities 694 (12.430) 33 (6242) (256J12) (50,471) (268.048) (56,680) CASH FLOWS FROM FINANCING ACllVTllFS Cash innows from new boffowryng Repayment of boffowing Net cash provided by (used in) investing actiwties 150.000 (25.367) (120,288) (120288) 124,633 CHAiYGE IN CASH AND CASH EQUIVALENTS IN THE REPORTINC PERIOD (£146.340) (£27.475) C￿h and c￿h equivdlents at the bcginning of the reporting period Cash and rash equivalents at the ertd of the reportin8 ￿r1¢xl 236.426 263,901 £90,086 £236.426 NOTES TO THE CASH FLOW STATEMENT R¢¢on¢lllAtioD of net iDcomel(expenditsre} with net fash from oper4ting •¢tivitrts Ne¢ in¢omd(¢xpendiwre) for th¢ [c￿rting F¢riod (as per the siaternent of fJDancial activities) Adjustments for.. Depre¢iauon aod iropairni char8es Dividends and interest frnm itivestsnet Interest payabl¢ Mn written off Bad debts (Profityloss on disposal of f*xed (tncreaseydecre85e in stock (Ittcreaseydecrease in deb￿rS In¢reas¢llde¢rease) in creditors Inere&sel(decrease) in PTOVi5IOIts Nei cash flow provided by (LLs¢d in) operating activities 2023 2022 (143,439) 125,310 215.053 {694) 12.430 186.819 (33) 6.242 (242,2CK)) 60.0(Y) 1.093 (1,940) (123,835) {51.506) (55.378) {£95.428) 1.733 (5,126) 172,633 (10.594) £241.996 CornponeDts of cash and tath equivalemts.. 2023 2022 Cash ai bank and in hand £90,086 The notes on pages 10 to 19 fonn part of the5c accounts. £236.426 THE THREE R￿ERs PARTNERSHIP DOILS LIMITED BY GUARANTEE NOTES TO THE ACCOL.NTS FOR THE YEAR ENDED 30 JUNE ZQ I. ACCOUNTING POLICIES a. Basts of *t¢outttlng The A¢cow)ts hav¢ been prepared under the htstorical c05t convention. in a¢cordance witb the Financia] Reportin8 Standard 102 and in accordance with the CoTnpanies Aci 2006. In preparing th¢ a¢cow)ts the Parnersh]"p follows best pnctice as Set out by the Ststtmcnt of Recom￿￿nded Practice (FRS 102) applicable to ¢Jwiiies prepanng tho"T aC¢OUtits in accordance th the Fiuatt¢t21 Reportin8 Stsndard applJ¢able the UK aod Republic of Ireland lJaDuary 2019). The 8roup accounts include the a¢¢ounts of Tbe Tbree ￿"Ve1 PaTtheTship, tknset ond its wholly owned subsidi8ri¢s Tbe Gillingham Community and L¢isur¢ Trust Limited and Triv¢ Cornmunity Serviccs Limitr which were Ix)th in¢orp)T*ed on 3 April 2(M)9. Going ¢oncerD Having reviewed the finances of th¢ cowy. together With the expected on*oittg deDJand for serrice and tu￿ projtctcd cashfiows. thc Tru51ees bave a ￿aSOnable expectation that there are adequate resources to continue its aCtiViLies for the forese¢abk fithwe. but t¢￿gnise there are material unc¢naintiu in ￿achIng thi5 conclusion. This is explaitted itt ￿re dethil in Note 24. b. Group Th¢ a¢¢owils ¢onsolidalt the results of the clwiry and its wholly owned subsidiary. The Gillingham Cotllmunity and Leisure Trusi Limii•i on a line by line basis. Thn"v¢ Community Leisure SeTvi¢es Limited is currently dornwii and h&s no assets. A separate Stattment of Financial Activities (or ltlcome and Expendittsre Account) for the charity is Th)1 presented becatsse the ¢han"ty has tsken advantage of the cxemptioLs afforded by section 408 of tbc CorDpanie5 Act 2006 not to includc One. Tangibk Fixed Asxts Capital assets are capitali5￿. Tangible fixed 35scts are 4Jepr¢¢iat¢d ort a straigh¢ line basis over their antieipaied usefvl ecoTh)mic lives. ￿sIng the following annual rate.. Freehold Property 29/0 per annurn strnight linc L¢isurt C¢ntr¢ equipment 250/4 per annum strai8ht line Equipment 33QA per annuin strnight IiDe d. In¢oJn¢ All inctsme is re¢ognised on the receivable basi% unless it Ès defeTre4 and is exclusive of VAT. l*isur¢ ¢¢ntre membership subscriptsons hav¢ been recogDised ID the peri￿￿ that they are paid. Income received that r¢l2tes to future accouDtiDg pcriods is wted as defetred iticome and is treated as a liability. Income is allocated to thc appropriate accountin8 pcn( Gr#nis *nd donation$ for $pecifie purpo Granrs received are generally accounted for ￿lD8 the'accruald ll￿1. Grants and dollatio￿S receivable for gettera] PUTposes are credited to Uwestricied I￿O￿e when entitlem¢nt ari￿s, the amouDt can be quantified, and wh¢n I￿¢1pt js probable. Grants and donatio￿* ftsr specific purposes are accounted for as receivable aTrJ are treated as forn)ing restricted ftmds. f. Cbarltable a¢tlvltlt$ Charitablt txptnditutt shall include all ¢xpertditttre directly Telated to the objects of the Charity. E. Expenditure Expendiwr¢ is reCO￿lsed OD an accruals basis as a liabiliry is Irrttov¢rable VAT is reported as part of the expenditure to which it relates. h. G•vern¥J•¢e £osts Thest Costs represent ihc costs incurred by the Cjwtty in re5￿Ct of management atKI administrative expenditwe and ¢ort¥)lJan¢e with statutory and le8al requiren%nts. Pagcll THREE RIVERS PARTh'ERSHIP DORSET IMITED BY GUARATrtrEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 I. ACCOUNTING POLICIES (C•ntinwd) Fund A¢eou*tin8 Funds held by the chan.ty fall into the followin8 Categories: Unrestricted geneTal funds". Thes¢ are fiLnds which caD be ￿ at the discrttion of tl* trustees. iti accordance with the charitabk objtcts of thc Chtirity. Restricted funds: Th¢s¢ ar¢ fiJnd$ which canonly be ￿¢d by the Charity for particuiarpuryKsses. Restrictions arise either when they are spe¢ifityJ by the doTh)ror when fijnds are raised for a specific purpose. The restriction is that the fiJn&5 have to be spent on a specific project. It is the policy of thc board of tTUStce5 to carcfully m¢)niior the ¥ppli¢ation of these in accordance with the restri¢tions pla¢¢d on th¢nL {1) 2. DONATIONS AND GRANTS The Gioup 2023 The Company 2023 2022 2022 Donation5 CommuDity ￿all1$ Grants- Public wtor 6.042 2W 52.915 2,050 9,579 53.976 6,042 2(N) 43.112 £49,354 2,050 9.579 13,399 £25,028 £59.157 £65,605 3. OTHER TRADING INCOME The Group 2023 The CoMp￿Y 2023 2022 2022 Café. shop. lottery and other activittes Rentsl incom¢ 357.2¢JO 18.154 213,985 7236 12.163 8.322 £375J54 £221.221 £12,163 £8,322 4. INCOME FROM CHARITABLE ACTtVlTIES Th¢ Group 2023 The Company 2023 2022 2022 £1.158.331 £1.022.691 5. ILYVESTME￿r tNCOME The Group 2023 Tbe Coty)pany 2023 2022 2022 Bank deposit interest £694 £33 £441 £17 THE TIIREE RIVERS PARTNERSHIP rMITED BY CUARANTEE NOTES TO THE Accouwrs FOR THE YEAR ENDE 2011 O. RAISING FUNDS The Group 2023 Th¢ Corttpany 2023 2022 2022 Café. $tLOP. lottyand other cxp¢nditUTr £154.022 £91.532 7. CHARITABLE ACnVITIL8 . Costs of Charitable Activititj Direci Costs 1.306.823 $4,325 £1.361.148 Support Toraj Costs 2023 218.380 1,525203 1,234.342 3.425 57.750 40.566 £221.805 £1.582.953 £1,274,908 2022 0￿￿110￿ of RiversM¢et Leisure Centte Other grants a￿dexF￿11ur¢ b. Support Costs These Collslituie n￿￿ge￿￿t artd admi]Jistrative costs which are iwJrrEd to ¢nablc the charity to cary out its activities. Thry are rnad¢ up &$ follows". 2023 2022 m￿agemen1 Fina[*¢ Central office expense5 Gov¢rnan¢¢ IN0¢ 8- auth"i *)d accowitsncy fees) 83.099 19,466 110.031 9,810 69.985 16.323 94.652 7,669 £222,406 £188,629 These costs have been allocated to the charitys charitable a¢tivitits goVernat￿ on the basis of ihe usag¢ of these resources by the various a￿1Vill¢S. follows.. 202 2022 Raising fund5 (Note 6). Charitable xtiviti¢s (No* 7). 601 221.805 1,919 186,710 £222.406 £188,629 8. GOVEknANC£ COSTS 2023 2022 Audit ftt5 4.250 5.560 4.000 3.669 £9.810 £7.669 9. NET EXPENDITURE FOR THE YEAR This is statd oft¢¥ Ch￿b￿s. 2023 2022 ikpreciation Auditotrs r￿u[￿￿tIon Ac¢owJt3nry service prtjvided by auditor 215.053 4,250 5,560 186,819 4.000 3.669 e13 THE THREE RIVERS PARTWERSHIP DORSET LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 311 10. STAFF COSTS 2023 2022 Wages and salaries National insuran¢ PeDsion 833,614 31.492 8,724 660,297 30,513 8,570 £873.830 £699,380 Average nurnber of employee$.' 63 No enwloyees were paid £60,[￿ or higher in the year. Key mana8emeni perso1￿￿e1 ernployee beTLefits (including Employers NJ and Pension) were £L23,788 (2022: £ 104.C4)0). Pension c0mmittll¢n￿ outsiaDdmg at the year end were £2.188 (2022: £1.773) 11. OPERATING LEASVS The totsl of fvture minimum It￿ pa￿ts utmler non-ca￿¢1]lbk openfyng leases were". 2023 2022 Noi laier than one year IAter than one year and Aot latrr than five yea Later thall five years 7.570 99.362 88.125 4,279 80,192 110,625 195,057 195,096 Lease payments recognised as an expo)se in yur w¢r¢ £6,883 (2022.. £5.412). THE THREE RIVERS PARTNERSHIP DORsrr [￿f[rED BY GUARANTEE NOTES TO THE ACCOU.YTS FOR THE YEAR ENDED 30 Juf4E 21123 12. TANGIBLE FIXED ASSETS The Group Freehold Lei ure ¢entre Office Totsl COST At l July 2022 Additions Disposals At 30 June 2023 4.962.134 1.098.767 256.312 {11.784) 1.343.295 6,060,901 256.312 {11.784) 6,305,429 4.962.134 DEPRECIATION At L July 2022 Charge for the year Disposals At 30 June 2023 1.190.522 99.243 534.704 115.810 (10.052) 640,462 1,725.226 215.053 (10.052) 1.930.227 1289.765 NET BOOK VALUE At 30 Jun¢ 2023 £3.672.369 £702,833 £4.375.202 At 30 June 2021 £3.771.612 £564,063 £4.335.675 The Comp••y ui Totsl COST Ai l July 2022 AthJitLOllS Disposa13 At 30 JurR 2023 DEPRECIATION At l July 2022 Charg¢ for th¢ year Disposals At JU June 2U2J NET BOOK VALUE AI 30 June 2023 At l July 2022 13. DEBTORS The Group 2023 The Company 2023 2022 2022 Trdde debiors Other debtors due within one year PrepaJin¢nts 11,478 485 13.024 24,778 5299 166.543 485 1,?..54 1.979 324 £24.987 £196.620 £1,739 £2,303 PARTNERSHIP Do￿ET IMITED BY GUAW4TEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 14. CREDITORS: Amoufyts falling dut within one yur 2022 Loan ac¢ounl Trade crcditor5 78.160 32.373 17558 121.155 49.841 12.558 7,912 3.786 51.318 £246.570 Obli8atioLS utsder fLoaoce leases IhheT creditors Accjwals and deferr￿ incon 7.452 59.554 £195.097 5,59) 2.034 £7.624 1,204 2,363 £3.567 15. CREDITORS: AtD•UDts f¥lllDg due after More tbau olleyeaT Th¢Group 2023 The Company 2022 2023 2022 Attn￿1$ aThd defthed iT1¢4)me L4an aceount 142.294 359.912 144.408 436206 £5022(hS £580.614 Th¢ lo￿ ac¢ount is m¥k up of balw$'. Nonh Dorset District COU￿1[ irltercst frtt repay7ble in equal itt5kinKnts over 22 The flnal rcpa)ryncni wa5 due in 2039 but th¢ 4rrnng¢mcnt wos r¢vi¢wed in thE wake of the COVLD pandemic and repa￿ntS ￿sUMed in year. The reThifting ba]anc¢ afterime year is £207.841. Two UllSCCUTcd loanx frnm an unrelated F4rty. ttpayab]eovu S *¥J 10 Jtars Tespe¢ttvely. CombitKd ba]anc¢ ¢j￿ aft¢rone yearof £127.6¢X). Balancc of a CoroThavirus Busine&8 IThtertUpli￿ L4Mn S¢htrne loan due after ooc ye8rof £100.765. 16. DEFERRED INCOME The Grrw only To SOFA (9.8031 2022 30.977 144J96 2023 25,572 142294 £167.866 Creditots thje iti Itss thatt pr Creditors thje in after orrt year 4.398 (2,1021 £2296 175J73 {£9.803) 17. PROVISIONS Thc GT Th¢ Company Brou8ht forward l July2022 Provision made ITh )Yar for itKIKnt rtiaiins Provi$ion used in ye8r Carried fcryaTd 30 Jun¢ 2￿25 I￿. ANALYSIS OF NET ASSETS BETWEEN FUP4DS Fynd balaTKe5 at 30 JuDe 2023 vrne Tr￿eS￿￿ by the followin8 assers and liabilitie5". UDJ¢Stricted Restrieted Funds Fwknts Totsj Tangible fix¢d ass¢ Current assets Currcnt liabilitie$ Long terni liabilitie¥ 4J75.202 59.949 1195,0971 (50U061 4.375202 125.986 {195,0971 {502.206) 6&037 £3.737.848 ,037 £3,803,885 THE THREE RIVERS PARTNERSHIP DORSET LTMITED BY GUARANfEE NOTES TO THE ACCOUNTS FOR THE YEAR Ef4DED 30 JUNE 2023 18b. COMPARATIVE YEAR- ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 30 June 2022 w¢r¢ represen*d by th¢ followin8 &$5ets a￿1 liabilities.. Urw¢5fi¢i Funds Re5tii¢ted Funds Tothl Tangibk fixed assets Current assets Current liabilities Provisions Long terni liabilLtie5 4.335.675 377.504 (246.570) (580,614) 4.335.675 438,833 {246.570) {580,614) 61,329 £3,885.995 £61.329 £3.947.324 194. MOVEMENT IN FUNDS Balance Balance 30.06.23 30.06 22 Unrestricted fuDds General fund 3.885.995 1,531.578 (1,679,225) (5001 3,737,848 Restrlcted funds Community Hall Fund Revenue Support and pre¢epts 25.(MI) 2.093 34236 25,¢J)O 941 61.017 (2,593) (55.157) 500 40,596 £61.329 £61.958 (£57.750) £500 £66,037 £3.947 J24 £1.593.536 (£1.736,975) £3.803,885 Leisure Centre rcfiLTbishmcni The charity is resp)nsible ftsr the re￿￿lishMent and operntion of the Rivetsmttt leTSUte ¢¢tttre. Revenu The charity receives funding from Gillingharn Tovm Cryjncil and parish councib to fuThl ongoing revenue cxp¢ndi¢ur¢. ther The charity is also involved in a numberof I￿￿1 initiative5 for the FKnefit of the local community. THE THREE RIVEtLS PARTNERSHIP DORSET LtMI'I'LD IIY CUARA.NTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2•23 A9b. COMPARATIVE YEAR NOTE- MOVEMENT IN FUNDS Balance 30_06 21 Balance dith￿ Transfers 30.06.22 Jn¢onx Ex Uttresiritied futtd$ General fimd 3.753,486 1.484,303 (1,351.794) 3.885,995 Restrlded funds Community Hall Fund Revenue Support and precepts Other fithds 25,000 4.198 39,330 25.000 2.093 34,236 17 67,430 (2.122) (72,524) £68,528 £67,447 {£74.646) £61,329 £3,822.014 £1.551.750 (£1.426.440) £3.947.324 20. SUBSIDIARY COMPANIL8 The Three Rivers Partnership. Dorsct two wholly owned subsidiw COTwies. Tbe Gjllirtgbam c0tntt￿rtity and L£isllre Trnst Limiitd was rtspottsible for the constnLCtion of the community leisure centre and 15 also rnana8ing the operntioD of the Rivcrsmcet Leisure Centre. Thrive Commwjity Leisur¢ Servi¢es Ljmited is turrently dornlant. A fixrther subsidiary, Thn've Servsces CIC wa5 incorporattd on 5 July 2021. this company was domwht during the y and dissolved on 13 June 2023. The consolidated financtal ststernents reflect the assets Ind liabilities aDd finaJKial Iransacknns of ibe parent cbarity and active Subsidiary only. 21. TRUSTEE REMUNERATiof4 & RELATED PARTY TRANSACTtONS No tNstec or PCTson rel￿¢d to the charity ]wJ any persO￿al Ttireffst in any col￿ra¢1 or t1￿￿a¢r10ll entertd into by the etwity dyrin8 the period, nor re£eivtd any rtrnuneration. However. a director tsf the ¢lJarity is a]so a member of Sbaftesbury TO￿ Council. ¢ngaged the chan'ty to provide management consultancy train lifeguards at a ¢otsI of £7.265. The charity also paid Wyndbam Software £6,750 for work on ptospective busiDCSS developrncnt plans. Th¢ pr¢viou$ Genetxl Manager became a director of company in the ytar. The Tnjst also settled some ¢o$ts on behalf of Thrive Services CIC, which is a fellow Subsidiary of its parenL th¢ Three Rivers Parthership. These iotslled £830 bui as the plam?ed straiegic agenda has batlged and the cotnpany is being ¢loseiL the Costs bave been writt¢tt off. 2Z. ACCOUNTANCY SERVICLS In common with many otheT businesses of out size and we w¢ ourauditOTS LO pr¢par¢ and suljmit i¢turn$ to the tsx authoTiti¢s and wist with the preparation of the financial statements. THE THREE RIVERS PARTNERSHIP DORSET IMITED BY GUARLNTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 23. CAPITAL COMMITMENTS The Charity has £nil of ¢apitsl ¢ommitsM)ts at 30 Jun¢ 202312022: £I3.2081. 24. IMPAC[ OF covn￿l9 AF4D EfiERGY COST PRESSURES While RIver5￿ttt activity bas rallied post the Covid-19 pandcrnic. with mernbetship numbers and income at record levels, the recent expansion into a second Slft is still at an early stagc, and the offering is being ¢onstanily refined lo I￿axIMis¢ use and therefore incoDJe. While currently Space tnflaiors and Gytm)astics activity has not yet reacbed budge*d l¢v¢l& Tn￿tr¢s believe the r¢eent opening of the new . Riversmeet Performa￿¢ gym will see Susthinable swplus ¢¥eated from th¢ site &$ a whol¢. So while ihert is some wKertainty aTound futtwe Inco￿￿. the Tru5tecs main focus is on managing Cost prrssures. Thcre are three Principal art&% of conctrn.. l) the cosi of announced increases in the National Mininmrn Wa8e and finding the most efficient sthffiDg model across the Dvo sites Tn￿lee5 are currently reviwin8 staff rotas and staff kvels in gencrdl, a¢ross the two sites. itt hand ith a review of pricin8. 2) the oulroTn¢ of an in5urdnr¢ ¢laith foT r¢pairof IKat pumps at)d losi earnings caused by the interruption to business in December 2023 artd January 2024. Tn￿TteS are in discussion witb their itisurets but thjs is ar 00 early stag¢ 3) increased energy c¢)sts Tr￿tte5 have impleTnented a range of acti¢Xts ¢0 mitigate costs (the installation of heat pumps and solar panels. and a move to LED li8hting). which have both reduced energy usage and the Kwh price of tner8y. The thJsttt$ bave prtpared bud8tts and c&shflow foree&sts up ￿ 30 June 2025. These are considered to reflect r¢a50nable as5uinptiOn5 about l¢isure ¢¢ntrr membeTship, activity and eosts. While the c&shflow .fore¢asts remain tight thTouglKJui 2023r24 and 2024r25. Tnts*es are confid¢ot finwial risks ar¢ rniti8ated by rnanagement plaThs and have COiKluded that thc charity is a going concern. Therefore the accounts have tberefore Ixcn preparcd on the going concern basis. Pa t19 THE THREE ￿VERs PARTNERSHIP DORSET IMITED BY GUAll￿NTEE CONSOLtDATED STATEMENT OF FINANCIAL ACTIVITIFS RATING INCOME & EXPET*DITURE ACCOL,: FOR THE YEAR ENDED 30 JUNE 2022 UDre5tritted Restricted Fund Fund 2022 21122 Toi*l Funds 2022 Notes Ir4coME AI¥D ENDOWMENTS Donaiions and Grdnts Oth¢r trading incon Charitable actLVlties Investment income 40.577 178.819 1.022.691 16 25.028 42.402 65,605 221221 1.022,691 33 17 Totsl Incom¢ 1242,103 67.447 1.309,550 EXPENDITUILE ON: Raisin8 fijnds Cbari¢able activities 91.532 1200,262 91.532 74,646 1,274,908 Toi*l Expendiliire 1291.794 74.646 1,366,440 Net incott￿{tAPe￿d1tsre) (49.691) (7.199) (56,890) Exceptional waiver of nnsecuTtd loa Ex¢eptloDiII debtor write off 242.21x1 (60,0￿) 242.200 (60.000) Transfers b¢twe¢n fwids 23 NET MOVEMENT AN FUNDS 132509 (7.199) 125,310 REcof4CILIATION OF Fuf4DS Fund Balances brou8bt forward 19 3.753.486 68.528 3.822,014 Fur￿ Balances carried forward 19 £3.885.995 £61.329 £3,947,324 The results derive from coutinving aciiviti¢5 and there ar¢ no gains or10sses other than those shown aljove.