THE THREE RIVERS PARTNERSHIP DORSET IMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2 24 Company number 04801788 Registered charity number 1106977 Contents Page Adminisirative Information Trusiee Direotors, Report Independent Auditors, Report Consolidated Slatcmenl of Financial Activities Consolidated Balance Sheet Con501idated Staicmenl of Cash Flows Notes lo the Financial Statements 10- 18 FLET HER & PARTNE CHARTERED ACCOUNTAIYT ALISBURY ADZDZ1I02 2910312025 COMPANIES HOUSE IIN
THE THREE RER PARTNERSHIP DORSET ITED BY GUARANTEE ADMINISTRATIVE INFORMATION TEE DIRECTORS Mr B Von Clemens (Chair) Mr R Messer Mr P D Silvester CBE Ms B Hurst Ms K C Kisbee Ms A M Marsh Mr P Wilson Mr M Hebditch Mr M Walden (appointed 1510512024) (appointed 0510312024) (Appointed 0310912024) (appointed 1710712024) (resigned 1611112023) (resigned 0310912024) ER Mr J P General Manager Ms L We5tby Operalions Manager Mr W Magee Finance Manager HAIUTY ADDRE Riversmeet Hardings Lane Gillingham Dorset SP8 4HX vi Audltor Fletcher & Partners Crown Chambers, Bridge Street, Salisbury, Wiltshire. SPI 2LZ Bankers Lloyds TSB Bank plc Solicltors Wilsons, Alexandra House, St Johns Street, Salisbury SP12SB Dyne Drewett, Market Place. Win¢anton. Somersel, BK9 9AB REGISTERED CHARITY NUMBER 1106977 REGISTERED COMPANY NUMBER 04801788
THE THREE RIVERS PARTNERSHIP DORSET TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2 The Trustee Directors (hereinafter referred to as Trustees) present the Annual Report and Accounts for the year ended 30 June 2024, which have been prepared so as to comply with the provisions of the Companies Act 2006, the Charities Act 201 l and the Statement of Recommended Piaciice Accounting applicable to ¢barities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and R¢publiG of Ircland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is a company limited by guarantee. It was incorporated on 17 June 2003. The company (hereinafter refted io as the Trust or Charity) is operated by its Trustees who meet periodically. New Trusiees are recruited from among people who have an interest in furthering the aims of the Charity with a view to ensuring that all the necessary competencies are represented within the trustee body. BACKGROUND TO FORMATION OF THE TRUST, ITS ACTtVlTtES AND OBJECTIVES The Three Rivers Partnership is the community partnership for Gillingham and the suryounding area of Noffh Dorsel. It was set up in February 2003 with the objective of promoiing the well being of the whole area. A SUMMARY OF THE OBJECTS OF TUE CHARITY AS SET OUT IN ITS GOVERNING DOCUMEiYT The charity's objecis are to promole the benefit of those who live in Gillingham, Dorse( and the surrounding area. A). By the relief of poverty, the advancement of education, training and the arts, the promotion of public healthcare facilities and child¢are, the protection and enhancement of the environment, the preservation of buildings or sites of historic or architectural importance, the provision of or assistance in the provision of facilities in ihe interesis of social welfare for recreation and leisure time occupaiion with the objecl of improving the conditions of life for the Inhabitants of the said area. B). By the promotion of such other charitable purposes for the general benefit of the public or section of the public within the area of Gillingham, Dorset and the surrounding area as the charity sees fil. SUMMARY OF MAIN ACTIVITIES OF THE CHARITY IN RELATION TO ITS OBJECTS In 2004 the charity was responsible for the creation and publication of the Gillingham Action Plan whose principal tenets reflect A) above, and trustees are involved individually in several of the rcsulting initiatives. It is currently refreshing its strategic plans. Over the last l O years the parent charity has provided financial and administrative support for a growing number of community activities- mosl active of which are the local youth club, a dementia support group, a support group for parent carers in Gillingham looking after children and young people with high dependancy needs, and a local walking club who organise an annual walking festival. This is in addition to the significant role undertaken by tbe charity when it completed the redevelopment of the Rivers Meet Centre, which has been open to paying cuslomers since Au8USt 2010 and is now known as River5meet Aclive. The charity operates the centre via its subsidiary, the Gillingham Community and Leisure Trust (GCLT) Limited, whicb conlinues io provide the public with facilities for exercise and actively promotes the benefits of a healthy lifestyle. Last year it ¢xpanded into a second facility, Rivcrsmeet Perfornmnce in Gillingham, focussed on gymnastics and anaerobic k)win wnrk. ACHIEVEMENTS AND PERFORMANCE OF THE CHARrrY CHARITABLE ACTIVITIES The CIlty Provides an umbrella Structure for a range of funds, Split into community projects and local clubs and societies. From the project fijnds, tbe board bas issued a number of grants to local groups whose applications met the criteria set by 3RP. Ii also continues to proactively engage with the community to help where it can. The clubs and societies run a range of activities and fundraising events throughout the year, and apply for grants to support their charitsble operalion. The ¢harity holds the finances for these groups, nintaInS their accounting records, and ensures ihat grants are monitored and the relevant inforniation is logged.
THE THREE RIVERS PARTNERSHIP DORSET TRUSTEES, REPORT AR 02 CHARITABLE ACTIVITIES (CONTINUED) The board continue to develop 8ood relationships with local groups and organisations, offering help and guidance where we can. An example of which was our recent involvement in the relAunch of the Gillingham Christmas day lunch, which was a great success, and we are now working with tbose involved to help them establish a working and viable management group to ensure that its fvture is secure. The board also continues with 11$ partnership working with groups wbicb has lead to a joint project to provide a Community resource worker over a 2 year period for the town. The board continues to look to sce if it is possible to reinsiaie the role of a community resourGe worker a project it was involved in until the funding was discontinued by North Dorset District council upon the fornlI0n of the unity authority in Dorset. The GCLT accounts provide a full summary of the activities of the charitable company. The highlights were significant ommercial development, staffing rationalization and continuing challenges posed by Iheir inadequate heating system, The expansion ioto a second site in Gillingham has proved a success but there were teething problems to tackle - the sta£Ting model was revised ndaMentallY, the cafe closed, and thc f(Kus shifted from soft play to gYnastIC$. The Riversmeet Active cafe operations were also ratio1lISed but the main operational focus has been on the heating system. The air source heat pumps were not operating as expected and have needed to be supplemented by a 8as boiler. TRADING AND FUNDRAISING ACTIVITIES The Gillingham Community and Leisure Trust operales a café at Riversmeet Active and sells a selection of swimming- and gym-rclated items ai Riversmeet Active and purely gyin-rclatcd ilcm$ at Riv¢rsm¢¢t Pcrfornianre. NATURE OF THE COVERNING DOCUMENT AND CONSTITUTION OF THE CHARITY The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association. The directors of the company are also trustees of the charity. Eligibility for membership of the charity, and of the board of Irusiees is governed by the memorandum and articles of association. There are no restrictions in the governing document on Ihe operation of the charity or on its investment powers other than those imposed by charitable law. THE METHODS ADopfED FOR THE RECRUITMENT AI¥D APPOtNTMENT OF NEW TRUSTEES The trustees arc appointed annually in accordance with the Memorandum and Articles of Association. Over the past 12 months 3RP has 50U8ht new tru5tces to join the board. This process is now completed with a board of 6 members all bringing valuable knowledge and skills to the board. THE ORGANISATIOIYAL STRUCTURE OF THE CHARITY AND HOW DECISIONS ARE MADE The board of trustees meets regularly as a full board. A number of groups have been fonned whose purposes are to support specific activilies in the community and the tnt holds, receives and disburscs funds on their behalf. Each fund is managed on a restricted basis. Each group has either a trustee or a committee wbose chair or financial representalive is authorised to act for them in respect of their fund. The board receives detailed updates at every meeting on those fiulds and activity since the previous meeting. RELATIONSHIPS BETWEEN THE CHARJTY AND RELATED PARTIES There were no transactions outside the normal course of business witb related parties in the period. POLICIES ON RESERVES Reserves have been estsblished lo provide for future activities and the trustees have wide powers of investment. The charitys reserves are primarily held to for the funding of future community activities undertaken by the community groups currenily under its urnbrella. At tbe balance sheet date the only investment carried out is to place monies held in an interest bearing bank account. PUBLIC BENEFIT The trustees confinn that they have complied with the duty in section 17 of the Charities Acl 2011 to have due regard to the public benefit guidance published by the Cbarity Commission. Specifically. the truslees consider that the facilities for recreatioll and leisure will be available to all members of the community.
Pa(ie 4 E THREE RIVCRS PARTNER,8HIP DORS TRUSTFI.ES' REPORT FOR THE YEAR ENDED 30 JUNE 2024 CONTINUED FINANCIAL RF.VIFW The board recogiiises the on going issues Ivith its lack of unresiricted I1]ding and 1$ ruentlY looking at fund raising options Iliat will improve the chariiy's finanLes. tiroup iiicoine was £1.6i6.189, with £1,597.56? from GCLT and £58,627 from JRP. The GCLT income principall), coinprises £1,322.154 froni USLrs of Ihe Riveismeet Aciive and'Rivei'smeel Perforinance leisure cei)tres, aiid £258,287 froin cafe and shop sales. The i RP income is principal ly grani incoime. Gi'oup expenditure ivas £1.81?,429, with GCI.'I' expenditure of £1,791.07) and 3 RP costs of £61.i56. GCLT e,xpendilure is priinarily iiiade lip of siaft"costs, electricity cosis, cat¢. pi'ovisions and depi'ecidcion; (here was an operaiin¢7 profil o1'£51 k profil before depreciaiion. ) RP expenditure of £59.496 is pi'incipally the cosis of activities. Tlie i>roup had net assets at JO June ?4 ot £3,607,64i {2023.. £3,803,885). whicli is dominaied by the GCL T fixed assets, ofl.%ei by related lease and loan l iabi lities. FUTURE PLANS The parent cliai'iiy will continue to suppori a range of communil), projects over future years. and is looking to eniploy a conimuiiily resource workei.. 115 subsidiary, Gillingham Coinmunily and Leisure Triisl Liiniled, has expanded onlo a 5eLond sire and ivill coniinue to I'efine Ihe orrer ucross il)e Iwu locations to best iiieet th¢ iieed5 Of Ihe local. popu11c lion. Running a siviiiiining pool and having 10 Inainfain waier ancl air iemperaiures, mean ilic heating 5yslein al Rivei'smeei Aciive is a critical asser. FollowinLy major iiivestinenis in recenl )'ear5 lo reduce their eiier¢y .)1 iieeds and cosrs. TrLlStees are lookiniy 10 esiablisli a 'bivalenl' lieatiiio sysleiii wilh hibh efficiency gas boilers to support Ihe air soui'ce heal punips and avoid business iniei'ruDlion. ACCQUNTINC AND RCPORTING RESPONSIBILITIES Charily law requii'es the Trustees lo prepare financial siaieinenls, for each financial year, in accordance with applicable law and United Kins>dom tienei'ally Accepted Accountiiigy Pi'actice (U K GAAP) ,h ich (vive a true and fair view ot the fiiiuii¢ial activities of the ¢oinpany durii)&i Ilie year and of ils tiiiancial Posilion ai the end of the yea.r. Iii pi'cparin% rliosc st¢ilemenis, the TrusieL's al'c required io.. l } Seleci suitable accounting pol icies aiid tlien apply tliem consisienily. 2) Make judgements and e51iinates thai are I'easonable and prLideni: i) Stale wheiher applicable accouiiliiig standards and siaienienrs of recommended pi'actice have bLeii followed, subjeci fo any depariures disclosed aiid explained in the financial siateiiienls., 4) F i-epare the accouiils on a goiiib? coiicem basis unless il is inappropi'iute lo assunii Il)ai the con)pany will coniinue in operaiion. The Truslees are responsible for keeping adequaie accounting records ivliich discloso with reasonable accuracy ai any lime Ihe financial position ol. the compaiiy and which enable Ihem lo ensure Ihar the financial statements comply with the provisioiis of tlie Compaiiies Acf ?006'. They are also respoiisible tor safeguardii)ft the assets ot. tl)e charity ai)d hence for iaking reasonable sieps I'or Ihe pitvenlion and deiection ol.. fraiid and other irregularilie5. The I"rusiee5 confiiin ilial, 50 far as Ihey al'e aivare.. rhei'e is no relevant audit infomiation of iyliich the company's auditors are unaware. and each Trustee lias tdk¢.n sieps wl)i¢h he or She c)u¥)hi 10 liave iakeii as a Ti'iistve to Inake hiiiiself or lierself awai'e of any relevani audit inforihatioii and io establish il)al Ihe coimpany's audiiors are aware of Ihat inlorniation. This report has been prepared in accordance with the special provisions of Pan 15 of the Companies Aci ?006 rclaiinv to smal I companies. Sioned on behall'ot the Trustees on Clemens
THE TIIREE RIVERS PARTNERSHIP DORSET tNDEPENDENT AUDITOR ' REPORT TO THE TRUSTEES OF THE THREE RIVERS PARTNER HIP DORSET Opinion We have audited the financial statements of The Tlwee Rivers Parlnership, Dorset and its subsidiary, The Gillingham Community and Leisure TTht Limited, (the group) for the year ended 30 June 2024 which are set out on pages I to 18. These comprise ihe Consolidated Statement of Financial Activities, the Consolidated Summary Incorne and Expenditure Account. the Consolidaied and Parent Charilable Company Balance Sheet5 and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland Iunited Kingdom Generally Accepted Accounting Praciice). In our opinion the financial statcmcnts: give a true and fair view of the state of the group's and the parent charilable COMpanS affairs as at 30 June 2024 and of the group's incoming resources and application of resources. including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting P11¢¢. and have been properly prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. Basi$ for opinion We conducted our audit in accordance with Inlernational Standards on Auditing (UK) (ISAS (UK}) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of th¢ financial siatements section of our report. We are independent of the group in accordance wilh the ethical requirements that are relevant to our audit of the financial statemenls in Ihe UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibililies in accordance with these requirements. We believe tbat the audit evidence we have obtsined is suffi¢ient and appropriate to provide a basis for our opinion. Coneluslons relatlng to going concern We have not identified a material uncertainty related to events or conditions that, individually or collectively, may cast significant doubt on the entitys ability to continue as a going concern for a period of al least twelve months from when the financial sthtements are authorised for issue. We therefore conclude that management's use of the 8oin8 ¢oncern basis of accounting in the preparation of the entitys financial statements is appropriate. Other Informitlon The Trustees are responsible for the other infonnation. The other infom110rt comprises the infonnation included in the TnLstees' Annual Report. other than the finan¢ial statements and our audiior's report thereon. Our opinion on the financial statements does not cover the other infotmatioll and, except to the extent otherwise explicitly stated ID our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial stalements. our responsibility is to read ihe other infOrnll0n and, in doing so, consider whether the other informatlQD is materially inconsistent with the fmancial 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 lo delerniine whether there is a material misstatement in the financial statements or a material misslatement of the other inforn]alion. If, based on the work we have performed, we conclude that there is a material misststement of this other infornlation. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters preseribed by tbe Companles Act 2006 In our opinion, based on the work undertakeo in the course of the audit.. the inforn]ation given in the Trustees, Annual Report (incorporaling the directors, report) for the financial year for which the fioancial statements are prepared is consistent with the financial ststements; and the Trustees, Annual report (incorporating the directors, report) have been prepared in accordance with applicable legal requirements. ii)
THE THREE RIVERS PARTNERSHIP DORSE INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE THREE IUVERS PARTNERSHtP DORSET NTIN Matters on whleh we are required lo report by exception In the light of the knowledge and understanding of the group and the parent charitable company and its envirotllnent obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters wbere the Companies Act 2006 and the Charities Act 2011 requires us lo report to you if, in our opinion: dequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit bave not been received from branches not visiled by us. or the parent charitable company financial statements are not in agreement with the accounting records and retrjrns; or certain disclosure5 of Trustees, remuneration specified by law are not made. or we have not received all the inforn]alion and explanations we require lor our audit. ii) iv) Respon$ibililies of Trustees As explained more fully in the Trustees, Responsibilities Statement, set out on page 4. the trustees (who are also the directors of the charitable company for ille purposes of comparty law) are responsible for the preparation of the financial statements and for being satisfied that they give a truc and fair view, and for such internal control as they detennine is necessary to enable the preparation of financial slalemenls that are free from maierial misslalem¢nt, whether due lo fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the group and the parent Gharitable ompanls ability to continue as a going concern, disclosing, as applicable, matlers related to going concern and using the going concern basis of accounting unlcss the Trustees either intend to liquidate the 8roup and the parent chariiable company or io Cease operations, or have no realistio alternative bul lo do so. Audltor's responslbllllles for the audit of the financial statements Our objeclives are lo obiain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due io fraud or error, and to issue an audiior's report 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 deiecl a material misstatemenl when it exists. Mi5Statemenls can arise from fraud or error and are considered material if, individually or in the ag8regale, Ihey could reasonably be expectcd to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud, are insthnces of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to dettct material misslalements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularitics, including fraud is detailed below. Our work on income includes reviewing income streams for completeness and cut-off, which we consider gives 800d assurance over the a¢¢uracy of income and debtors in ihe accounts. Our work on creditors and expenditure is also considered capable of giving assurance that Costs are valid business expenses and included in the correct accounting period. Work on compliance with laws and regulations is limited io inspection of correspondence and enquiry of management and so there are inherent limitations in these audit procedures. A further description of our responsibilities for the audit of the financial statements is locaied on ibe Financial Reportllng Council's w¢bsite at: [www.frc.org.uklauditorsresponsibilities]. This description fomis part of our auditor's report. This report is made solely to the company's members, as a body, in accordance with section 495 and 496 of the Companies Act 2006. Our audit work has been undertaken so that we migbt state to the companys members those matters we are required to State io ihem in an auditor's report and for no other purpose. To the fullest extent pern]itted by law, we do not accept or assume responsibility to anyone other than the company and its members as a body, for our audit work, for this report or for the opinions we have fornKd. Date.. James Fletcher (Senior Statutory Auditor) for and on behalf of FLETCHER & PARTNERS Statutory Auditors Crovm Chambers, Bridge Street Salisbury SPI 2LZ Fletcher & Partners is eligible to act as an auditor in tern of section 1212 of the Companies Act 2006
THE THREE RIVERS PARTNERSHIP DORSET tMITED BY GUARANTEE CONSOLtDATED STATEMENT OF FINANCIAL ACTIVITIES CORPORATING INCOME & EXPENDITURE ACCOUN FOR THE YEAR ENDED 30 JUNE 2024 restricted Restricted Fund Fund 2024 2024 Total Funds 2024 Notes Total 2023 INCOME AND ENDOWMENTS Donations and Grants Other trading income Charitable activities Investment income 16.048 258,287 1,322.154 1,073 46.048 11,497 62.096 59.157 269,784 375,354 1,322,154 1,158,331 2,155 694 1,082 Total Income 1,597,562 58,627 1,656.189 1,593.536 EXPENDITURE ON: Raising fiinds Charithble activilies 126.844 1,664,335 126.844 154,022 61.250 1,725,585 1,582,953 Total Expenditure 1,791,179 61,250 1,852,429 1,736,975 Net Expenditure (193,617) (2,623) (196,240) (143,439) TrAnsfers between funds ET MOVEMENT IN FUNDS (193,617) (2,623) (196,240) (143,439) RECONCILIATION OF FUIYDS Fund Balances broughi for4vard 19 3,737,848 66,037 3,803,885 3,947,324 Fund Balances carried forward 19 £3,544,231 £63,414 £3,607,645 £3,803,885 The results derive from continuing activities and there are no gains or losses other than those showTr above. The notes on pages l 0 - 18 forni part of these accounts
THE THREE RIVER LIMITEI) PARTNERSHIP DORSET Y CUARANTF,F. COMPANY NUMBER.. 04801788 CONSOLIDATED BALANCE SHEET AT30.IUNE 2 24 The Group The Compan), Note 2024 2023 2024 2023 FIXED ASSETS 12 4.39J.2i8 4,j75,?02 CURRENT ASSCTS 8,325 2),566 119,499 10,913 24,987 90,086 Debtors Cash al bank and ii) hand 13 1.739 48.136. 42.461 1$1,390 125,986 44,578 49,875 CREDITORS .. amoiints falling due within one year Ci'ediiors 14 ?49,977 195,097 5,056 7.6?4 NET CURRENT ASSETS I(LIABILITIES) (98,587) 39,522 42,251 CREDITORS: amounts fg11ing due after rnore than one year 687,006 502,206 NET ASSETS £3,607.645 £3,80J.821.1 £39,5?2 £42.251 Repi'eseniing UNRESTRICTED INCOME FUNDS General fiind 19 i,544,231 ),7)7,1348 1,108 1,108 RESTRICTED INCOME FUNDS Resiricted funds 19 66,037 i8,414 41.143 £3.607.645 £3,80i.88S £39,522 £42,231 The accounis have beeii pr¢paJ'ed in accordance with the special provisioiis of Part l i of tlie Cornpani¢8 Act 2006 relaringi 10 sinall coinpanies. Approved by tlie Trustees on and sib¥ned on their behalt. Z•z i)f Triislees B Von Clemens The not¢s on pages 10 - 18 forin part ot"ihese accounis
Pa THE THREE RIVERS PARTNERSHIP DORSET tMtTED BY UARANTEE OMPANY NUMBER: 04801788 CONSOLIDATED STATEMENT OF CASH FLOWS AS AT 30 JUNE 2024 2024 2024 2023 2023 CASH FLOWS FROM OPERATllYG ACTIVITIES Nel Casb provided by (used in) operating activities 168,440 241,996 CASH FLOWS FROM INVESTINC ACTIVITIES Interest received Interest paid Proceed5 from th¢ Sale of property, plant and equipment Purchase of propety, plant and equipment Net cash provided by (used in) investin8 activities CASH FLOWS FROM FINANCtNG ACTIVITIES Cash inflow5 from new borrowing Repayment of borrowing Net cash provided by {u$ed in) investing activities 2,155 (33,451) 500 694 (12,430) (265,777) (256.312) (296,573) {268,048) 202,123 (44,577) (120,288) 157,546 (120,288) .CHANGE IN CASH AI¥D CASH EQUIVALENTS tN THE REPORTtNG PEIUOD £29,413 (£146.340) Cash and cash equivalents ai the beginning of the reporting period Cash and cash equivalents al thc end of the reporting period 90,086 236,426 £119,499 £90,086 NOTES TO THE CASH FLOW STATEMENT Reconciliation of net incomel{expeDditure) wlth net cash flow from operatlng actlvltles Net incomel(expenditure) for the reporting period (a5 per the statcrnent of financial activities) Adjustments for: Depreciation and impainnent charges Dividends and interest from investments Interest payable IProfit)Iloss on disposal of fixed assets (Increase)/decrease in stock (Increasc}/decrease in debtors Increas¢/(decrease) in credilors Net cash flow provided by (used in) operating activities 2024 2023 (196,240) (143.439) 247,629 (2,155) 33,451 (388) 2,588 1,421 82,134 £168,440 215,053 (694) 12,430 1.733 (5,126) 172.633 (10,594) £241,996 Components of easb and easb equivalents: 2024 £119,499 2023 £90,086 Cash at bank and in band The notes on pages l O to 18 fonn part of these accounts.
Pa elo THE THREE RtVERS PARTNERSHIP DORSET IMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 I. ACCOUNTING POLICIES Basis of a¢couDtlng The Accounts have been prepared under the historical cosl convention, in accordance with the Financial Reporting Stsndard 102 and in accordance with tbe Companies Act 2006. In preparing the accounts the Partnership follows best practice as set out by the Statement of Recommended Practice (FRS 102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (January 2019). The group accounts include the accounts of The Three River Partnership, Dorset and ils wholly owned subsidiaries The Gillingham Community and Leisure Tntst Limited and Thrive Community Services Limited, which were both incoTpoiated on 3 April 2009. Going concern Having reviewed the finances of the company, together with the expected on-going demand for seNice and ture projected cashflows, the Trustees have a reasonable expectation thal there are adequatc resources to continue its activities for the foreseeable future and do not consider there to be material uncertainties in reaching this Conclusion. b. Group accounts The accounts oonsolidale the results of the charity and its wholly 0ed subsidiary. The Gillingham Community and Leisure Trusi Limited, on a line by line basis. Thrive Community Leisure Services Limited is currenily dOrnnt and has no assets. A separate Sthtement of Financial A¢tivilies (or Incomc and Expenditure Account) for the charity is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006 not to include one. e. Tanglble Flxed Assets Capital assets are capitalised. Tangible fixed assets are dcpreciated on a straight line basis over their anticipated useful economic lives, using the following annual rate: Freehold Property 2Q/o per annum $trai8ht line Leisure Centre equipment 25 % per annum straight line Equipment 330/ty per annum straight lin¢ d. Income All income is recognised on the receivable basis, unless it is defetTed, and is exclusive of VAT. Leisure centrc membership subscriptions have been recognised in the period Ihai they are paid. Income received thai relates to future accounting periods is treated as dcfcrred income and is treated as liability. Income is allocated to the appropriate accountin8 period, Grants and donations for speeifie purposes Grants received are generally accounted for using the 'accruals' model. Grants and donations receivable for general purposes are credited to Unre$tri¢ted Income when enlitlemenl arises, the amount can be quantified, and when receipt is probable. Capital grants are released over the life of the associated assets. While this is a departure from the SORP. which unlike FRS 102 does not recognise deferred pital grants. it is considered appropriate because of the matching principal. As ihe cosi of the assets purchased with the grants is only charged in the SOFA as the assets are depreciated. The Trustees consider the departure from the SORP better reflects the economic relating of the transaction. matches the related income and costs, and is necessary so as to be consistent with other entities in the sector which are not necessarily charities. As at 30 June 2024 deferred capital grants total £198,504 (2023: £152,097). Grants and donations for specific purposes are ac¢ount¢d for a$ receivable and are treated as forn)in8 restricted funds. f. Charitable activltie5 Charithble expenditure shall include all expenditure directly related to the objects of tlke Charity.
Pagell THE THREE RIVERS PARTNERSHIP DORSET IMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEèiR ENDED 30 JUNE 2024 ACCOUNTING POLICIES (Continued) g. Expendlture Expenditure is recognised on an accruals basis &$ a liability is incurred. Irrecoverable VAT is reported as part of the expenditure to wkllcIL it relates. h. Governance eosts These costs represent the costs incurred by the Charity in respect of management and administralive expenditure and compliance with statutory and legal requirements. Fulld Accountlng Funds held by the cbarity fall into the following categories: Unrestricted general funds: These are funds which can be used, at the discretion of the trustees, in accordance with the charithble objects of the Charity. Restricted funds.. These are funds which Can only be used by the Charity for particular purposes. Restrictions arise eiiher when they are specified by the donor or when fijnds are raised for a specific purpose. The restriction is that the fund5 have to be spent on a specific project. It is the policy of the board of trustees to carefully monitor the application of these ndS in accordance with the restriction5 placed on them. 2. DONATIONS AND GRANTS (i) (li) The Group 2024 The Company 2024 2023 2023 Donations Community grants Grants - Public sector 8,980 6,268 46,848 £62,096 6,042 200 52,915 £59,157 8,980 6.268 30,800 £46,048 6,042 200 43,112 £49,354 3. OTHER TRADING INCOME The Group 2024 The Company 2024 2023 2023 Café, shop* lottery and other tclivities Rental income 260,485 9,299 £269,784 357,200 18.154 £375.354 11,497 12,163 £11,497 £12,163 4. INCOME FROM CHARITABLE ACTIVITIES Tbe Group 2024 The Company 2024 2023 2023 Leisure centre membeT5hips and admission fees £1,322,154 £1,158,331 5. IIWIVESTMENT ll¥COME The Group 2024 The Company 2024 2023 2023 Bank deposit inierest £2,155 £694 £1,082 £441
HE THREE RIVERS PARTNERSHIP DORSET IMITKD BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 6. RAISING FUNDS The Group 2024 The Company 2024 2023 2023 Café, shop, lottery and other expenditure £126,844 £154,022 7. CHARITABLE ACTtVlTIES . Costs of Charitable Activities Direct Costs 1,411,584 55,670 £1,467,254 Support Total Total Costs 2024 2023 252,645 1,664,229 1,525.203 5.686 61,356 57.750 £258,331 £1,725,585 £1,582,953 Operation of Riversmeet L¢i$ure Centre Other grants and expenditure b. Support Costs Thcsc conslitutc management and administrativ¢ costs which are IncU¢d to enable the charity to carry out ils activities. They are mad¢ up as follows: 2024 2023 Mana8em¢nt Finance Central office expenses Governance ole 8 - audit and accountancy fees) 113,881 12,460 123.025 10,968 83,099 19,466 110,031 9,810 £260,334 £222,406 These costs have been allocated lo the charitys charitable activities and governance on the basis of the usagc of Ihe5c resources by thc various activities, as follows: Raising furtds (Note 6). Charitable activities (Noie 7). 2,003 258.33 I 601 221.805 £260,334 £222,406 8. GOVERNANCE COSTS Audit fees Accountancy Other 4,250 6.683 35 4.250 5.560 £10.968 £9,810 9. NET EXPENDITURE FOR THE YEAR This is stalcd after char8ing'. 2023 Dcpreciation Auditovs remuneration Accountancy servi¢e provided by auditor 247,630 4.250 6.683 215.053 4,250 5.560
e13 THE THREE RIVERS PARTNERSHIP D IMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 RSET 10. ST AFF COSTS 024 2023 Wages and salaries National insurance Pension 943,730 49,480 12,161 833,614 31,492 8,724 £1,005,371 £873,830 Average number of employees: 81 72 No employees were paid £60,000 or higher in the year. Key management personnel employee benefits (including Employers Nl and Pension) were £135,190 (2023.. £ 123.788). Pension cornmitments outstanding at the year end were £2,465 {2023.' £2,188) I I. OPERATfNG LEASES The total of future minimum lease payinents under non-cancellable operating leases were.. Not later than one year Later than one year and DOI later than fivc years Later than five years 29,794 112.129 65,625 7,570 99,362 88,125 207.548 195,057 Lease payments recognised as an expense in year were £9,968 (2023: £6,883).
e14 THE THREE RIVERS PARTNERSIIIP DORSET tMrrED BY GUARANTEE NOTES TO THE ACCOUNT FOR THE YEAR ENDED 30 JUIYE 2024 12. TANGIBLE FIXED ASSETS The Group Freehold Leisure centre Pro ui ment Total COST At l July 2022 Addilions Disposals At 30 June 2023 4,962,134 1,343,295 265,777 (200) 1,608,872 6,305,429 265,777 (200) 6,571,006 4,962,134 DEPRECIATION At l July 2022 Charge for the year Disposals At 30 June 2023 1,289,765 99,243 640,462 148.386 (88) 788,760 1,930,227 247,629 (88) 2,177,768 1,389,008 NET BOOK VALUE At 30 June 2023 £3,573,126 £820,112 £4,393,238 At 30 June 2021 £3,672,369 £702,833 £4,375,202 13. DEBTORS The Group The Company ' Trade debtors Oiher debtors due within one year Prepayments 8,127 713 14,726 11,478 485 13,024 713 1,404 485 1,254 £23,566 £24,987 £2,117 £1,739
e15 THE THREE RIVERS PARTNERSHIP DOR TMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 14. CREDITORS: Amounts falllng due wlthin one year The Group 2024 The Company 2024 2023 2023 Loan account Trade credilors Other taxes and social security Obligations Ullder finance leases Other creditors Accruals and deferred income 67,642 34,621 21.376 23,425 5,801 97,112 £249,977 78.160 32,373 17.558 7,452 59,554 £195,097 3,239 1,817 £5,056 5.590 2,034 £7,624 IS. CREDITORS: Amounts falllng due after more than one year The Group The Company 2024 101,425 182,456 403,125 Accruals and deferred income Loan account 142,294 359,912 £687,006 £502,206 The loan account is made up of two balance$'. North Dorset District Council interest free loan. repayable in equal inslalmenls over 22 years. The final repayment was due in 2039 but the arrangement was reviewed in the wake of the COVID pandemic and repaymenis resumed in year. The remaining balance due after one year is £207,841. Two unsecured loans from an unrelated party, repayable over 5 and 10 years respectively, Combined balance due after one year of £127,600. Balance of a Coronavirus Busines5 Interruption Loan Scheme loan due after one year of £100,765. 16. DEFERRED ll¥COME The Group only SOF vem (17,965) Creditors due in less than one year Creditors due in after one year 25,572 142.294 20,758 40.162 £60,920 28,365 182.456 £210,821 £167,866 (£17,965) 17a. ANALYSIS OF IYET ASSETS BETWEEIY FUNDS Fund balances at 30 June 2024 were represented by the following assets and liabilities., Unreslri¢ted Funds Restricled Funds Total Tangible red assets Current assets Current liabilities Long terni liabilities 4,393.238 87.976 (249,977) (687.006) 4,393,238 151.390 (249,977) (687,006) 63.414 £3,544231 £63.414 £3.607.645
THE THREE RIVERS PARTNERSHIP DORSET IMITED B Y GUARAIYTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 17b. COMPARATIVE YEAR- ANALYSIS OF NET ASSETS BETWEEN FUI¥DS Fund balances at 30 June 2023 were reprcsentcd by the following assets and liabilities.. Unrestricted Funds Restricted Funds Total Tangible fed assets Current assets Current liabilities ix)ng terni liabilities 4,375,202 59,949 (195,097) (502,206) 4.375,202 125,986 (195.097) (502.206) 66,037 £3,737.848 £66.037 £3,803,885 18a. MOVEMENT FUNDS Balance 30.06.23 Balance 30.06.24 Income Ex enditure Transfers Unrestrlcted funds General fi)nd 3,737,848 1,597,562 (1,791,179) 3,544.231 Restrlcled funds Community Hall Fund Revenue Support and precepts Other funds 25.000 441 40,596 25,000 550 37.864 1,182 57,445 (1,073) (60,177) £66,037 £58,627 (£61,250) £63.414 £3,803,885 £1,656,189 (£1,852,429) £3,607,645 fRe tricted Fund eisure Centrc refurbishme The charity is responsible for the refurbishment and operation of the Riversmeet leisure cenlre. Revenue rt and Prece t The charity receives ndIng from Gillingham Town Council and parish councils to fimd ongoing revenue expenditure. Other funds The charity is also involved in a number of local initiatives for the benefit of the local community.
THE THREE RTVERS PARTNERSHIP D IMITED BY GUARAiYTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 ET 18b. COMPARATIVE YEAR NOTE - MOVEMENT IN FUNDS Balance 30.06.22 Balance 30.06.23 Income Ex enditure Transfers UDre$tricted funds General fund 3,885,995 1,531,578 (1.679.225) (500) 3.737,848 Restricted funds Community Hall Fund Revenue Support and precepts Other funds 25.000 2.093 34,236 £61,329 25,000 441 40,596 £66,037 941 61,017 £61,958 (2.593) (55.157) (£57,750) 500 £500 £3,947,324 £1,593,536 (£1,736,975) £3,803,885 19. SUBSIDIARY COMPANIES The Three Rivers Partnership, Dorset owned two wholly ONed subsidiary companies. The Gillingham Community and lSUre TTUSt Limited wa5 responsible for the construction of the conununity leisure centre and is also managing the operation of the Riversmeet Leisure Centrc. Trive Community Leisure Services Limited is currently dorn]ant. The consolidated financial statements reflect the assets and liabilities and financial transactions of the parent charity and active subsidiary only. 20. TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS No trustee or person related to the Charity had any personal interest in any Contract or Iransa¢tion entered into by the charity durin8 the period. nor received any remuneration. However there were a number of related party transaciions in (be charitys own books, as set out below.. - the Gillingham Youth Club and the North Dorsei Parent Carers Support Group hired facilities at Rivemeet from Gillingham Community and Leisure Trust, a subsidiary, totslling £3,305, - the Walkers are Welcome fund hired rooms from Gillingham Town Council, 2 members of which were at the time also Trnstees, at a cost of £480, - the Platinum Jubilee Lunch fund paid Gillingham Town Council £322 for tree maintenance and - the Gillingham Youth Club paid Gillingham Town Council £26 for printing. Additionally, One fornler trustee of the charitgs subsidiary was also a member of Sbaftesbury Town Council, who engaged the Crity to provide management consultancy and train life8uards at a lotal cost of £8.137 (2023: £7,265). 21. ACCOUNTAIYCY SERVICES In common with many other businesseg of our size and namre we use our auditors to prepare and submit rern$ io the tax authorilies.iand assist with the preparation of the financial statements. 22. CAPITAL COMMITMENTS The charity has £56,00 l of capital commitments at 30 June 2024 (2023.. £nil).
THE THREE RIVERS PARTNERSHIP DORSET IMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME & EXPENDITURE ACCOUN FOR THE YEAR ENDED 30 JUIYE 2023 Unrestricled Reslrieted Fund Fun 2023 2023 Total Funds 2023 Noteg INCOME AND ENDOWMENTS Donations and Grants Other trading income Charitable activities Investment income 9,803 363,191 1,158,331 253 49,354 12.163 59,157 375,354 1,158.331 694 441 Total Ineome 1.531.578 61.958 1,593,536 EXPENDITURE ON: Raising funds Charitable activities 97,998 1,581,227 1,679,225 56,024 154.022 1,726 1,582,953 57,750 1,736.975 Total Expenditure Iyet Expendlture (147,647) 4,208 (143,439) Transfers between funds (500) 500 NET MOVEMENT IN FUNDS (148,147) 4,708 (143.439) RECONCILIATION OF FUNDS Fund Balances brought forward 19 3,885,995 61,329 3,947,324 Fund Balances carried forward 19 £3,737,848 £66,037 £3,803,885 The results derive from continuing activities and there are no gains or losses othcr than those shown above.