. RNERTIME ,
BOAT TRUST4
/1
Unaudited
Trustees, Report and
Financial Statements
For the year ended 31 March 2024
Rivertime Boat Trust Limited
(A company limited by guarantee)
Registered num ber: 05659325
Charity number: 1113992

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative detalls of the charity, its trustees and advisers
Trustees. report
Independent examiner's report
9-10
Statement of financlal activities
Income and expenditure account
12
Balance sheet
13-14
Notes to the financial statements
15-29

RIVERTIME BOAT TRUST LIMITED
IA company limiled by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
President
Mr Simon Nathaniel Davis
Trustees
Mr Christopher Robert Barrett DL, Chair of Trustees
Mr Jonathan Richard Barnard Hobbs
Ms Judith Ann Diment MBE
Dr Diane Patricia Lesley Smylh (Appointed 29 November 2022)
Mr Guy Andrew Fisher (Resigned 1 June 20241
Company r8gislered number
05659325
Charily registered number
1113992
Registered office
7 Avior 10 Longworth Drive, Maidenhead, SL6 8XA
Prlncipal operating office
7 Avior 10 Longworth Driv8, Maidenhead, SL6 8XA
Managing Trustee
Mr Christopher Robert Barrett DL
Accountants
Theresa Bowers Accounting Ltd, 1 Charlotle Close, Caversham, Reading, Berkshire, RG4 7BY
Bankers
Lloyds Bank plG, 45 High Street, Maidenhead, Berkshire, SL6 1JS
Solicltors
Gardner Leader LLP, First Floor, 7 Frascati Way, Maidenhead, Berkshire, SL6 4UY

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Policies & Objectives
Rivertime Boal Trust I"The Trust") was established by Pal and Simon Davis in 2006. Their objective was to build and
operate a boat for disabled and disadvantaged children and adults on the river Thames. Al the lime, no boat provided
these facilities between Oxford and Windsor. The Gompany and charity were formed for this purpose and Trustees were
appointed to execute these plans.
Activities for achieving objectives
In 2008 they launched 'Rivertime', a specially constructed 42-fool passenger boat fitted with a ramp and a hydraulic lift
for wheelchair users and providing a safe, caring and stimulating environment for both children and adults with all types
of disability, however mild or profound.
Since the inception of the Gharily the 'Rivertime' cruiser has been used each year from Easter through to October to
provide trips for disabled and disadvantaged children and adults. One full time skipper is employed, and a cadre of
volunlè8rs provide support as additional skippers and crew member5. Our volunteers ara trainéd al the start of aach
annual season to ensure that appropriate levels of saf8ty ar8 maintained on every trip.
'Rivertime' has now taken out over 30,000 disabled 8nd disadvantaged passengers, travelled 19,500 miles, passed
through 5,000 locks and benefitted from 13,500 volunteer hours
The progress the Trust had made was recognised in 2012 when il was awarded The Queen's Award for Voluntary
Service. In 2018 the Trust was awarded the Canal and River Trust 'Living wate￿ayS Award far Learning & Skills,.
ACHIEVEMENTS AND PERFORMANCE
Following the Covid-19 pandemic the Trust has worked hard to build the numb8r of trips taken lo pre-pandemic levels
and the results have increased year on year.
The River and Rowing Museum ("RRM"I
The River & Rowing Museum and the Trust have worked Collaboratively since 2013 to create educational boat trips for
SEND children and young people, This initiative supplements the service that the Museum providos for SEND children
and young people and extends the Trust's offer of a river cruisé for tha disadvantaged and disabled.
This is a unique experience combining interactive museum workshops with a boat trip to enhance learning about tha
river and its wildlife, allowing pupils to enjoy the therapeutic effeGls that being on and around the water can bring. There
is no other initiative like this in the UK.

A new Joint Educational Partnership
Since February 2024 Rivertime Boat Trust and the River & Rowing Museum have collaborated to create a brand-new
educational programme for both neuro-typical children and children with special educational needs and disabilities.
The new educational programme has been jointly developed by RBT and RRM to promote eduGation about the River
Thames and the natural environment.
Her Royal Highness, The Princess Royal launched the programme on 18 September 2023 and met with local children
from SEND schools to learn more about the initiative, which highlights important environmental issues related lo wildlife
protection, conservation, green living and climate change.
Learning Outside the Classroom ILOtC)
The Rivertime Boat Trust was re-awarded the Learning Outside th8 Classroom ILOtCI Quality Mark. This has enabled
us lo develop educational programmes during the 2024 season where children from SEND settings can learn about the
River Thames and its wildlife.
Investment policy and performance
Th8 Trust has invested funds with CCLA in the Listed COIF Charities Investment Fund Accumulation Units and the
Trustees regularly review investment policy. Thèse funds are designated for the replac8menl of 'Rivertim8' when the
trustees d8em this to be necessary.
Funds and factors relevant to achieve objectives
The Trustees, recognising that lo continue to provide the range of services currently offered, will ¢onlinue lo set aside
funds lo replace the 'Rivertime'. Further funds are required, and the Trust will continue to seek support from generous
donors and grant making bodies lo ensure the Charity is able to develop its service offering in the coming years.
Reserving policy
The Trustees consider that a minimum reserve in cash and liquld investments of £82,000 should be maintained in order
to..
lil enable the charity to continue lo function for at least twelve months in the event of a reduction in income as a result
of a major damage or other reason for Ioss Df use of 'Rivertime' for an extended period, including any unanticipated
major repair costs., and
(ill finance major replacements of mechanical and electrical equipm8nt that may become necessary due to the age of
the boat.
The Trustees have also created an additional Designated Reserve of £125,789, equivalenl to the accumulated
depreciation of Rivertime, to replace it in due course at tha end of ils useful life. The Trustees aim to secure sufficient
Cash and investments lo finance this reserve over lime.
As of 31 March 2024, the value of unrestricted cash and liquid investments to support these objectives was £139,789.
Forward lookin9 Statement
Management Changes:
Historically, the charity relied on the energy, expertise and time of its founders, and the voluntary work given by the
Chair of Trustees, Chris Barrett.

It was decided that, for the charity to continue to offer its specialised service to the very highest standards and, in
acknowledgement of the request by Chris to slep back from the day-lo-day management of the charity, that a paid-for
managerial role would be created.
Ex-Trustee, Guy Fisher, was given the position on a part-time basis to manage the charity from June 2024, and part of
his role is to recruit a new Operations Manager for the charity for 2025.
Guy has been involved wilh the charity as a volunteer for twelve years and was an active Trustee (before resigning to
take up his new role). He has a business background in with River Thames boat hire and small business operations
and marketing.
Projects Achieved in the 2024 season:
The following essential projects were identified 8nd have been completed..
Implementing new electronic booking system and CRM software (completed prior lo 2024 season)
A thorough overhaul of all operations, vessel maintenance plan, introducing age limits for crew and skippers,
further safeguarding and first aid training
Reviewing all charity policies
Newslelter provisioning
Database overhaul
Effective management and accountability for the employed Senior Skipper
The re-awarding of the 'Learning Outside the Classroom, {LOtCI Quality Badge
Improved reporting management systems
Introduction of a customer feedback system

Organisational structure and decision making
The Board comprises Trustees who have the experience and relevant skills to carry out the functions of managing the
charity. The Trustees meet quarterly and make the relevant decisions.
A Trustee is responsible for selecting and managing skippers and crew involved in running our cruiser 'Rivertime'.
The Trustee5 are responsible for keeping adequate accounting records that are sufficient to show and explain the
charitab5e company's transactions and disclose with reasonable accuracy at any lime the financial position of the
charitable company and enable them to ensure Ihal the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the asset5 Of the charitable company and hence for taking reasonable steps for
the prevention and d81ection of fraud and other irregularities.
This report was approved by the Trustees, on
and signed on their behalf by..
Mr Christopher Robert Barrett DL
Managing Trust88

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVERTIME BOAT TRUST LIMITED (the
'company')
I report to the charity Trustees on my examination of the accounts of th8 company for the year ended 31 March 2021.
This report is made solely to the company's Trustees. as a body, in accordance with Part 4 of the Charities (Accounts
and Reports} Regulations 2008. My work has been undertaken so that I might state lo the company's Truste8S those
matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest
extent permitted by law, I do not accept or assume responsibility to anyone other than the Gompany and the company's
Truste8s as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
Th8 Trustees {who are also directors of Rivertime 8oat Trust Limited for the purpos8s of company law) are responsible
for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.
Company law requires Ihe Trustees to prepare financial statements for each financial year. 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
slate of affairs of the ¢haritabl8 company and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that period. In preparing Ihese financlal slalements, the Trustees
are required to..
select suitable accounting policies and then apply them consisl8ntly',
obs&rve the methods and principles in the Charities SORP.
make judgments and accounting estimates that are reasonable and prudent-
prepare th8 financial statements on the going concern basis unless it is inappropriate lo presum8 that the
charitable cornpany will continue in operation.

RIVERTIME BOAT TRUST LIMITED
IA company limited by gu8ranteel
INDEPENDENT EXAMINER'S REPORT {continued)
FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I can confirm that no matters have come to my attention in connection with the
examination giving me cause to believe-
accounting r8CDrds were nol kept in resp8Ct of the company as required by section 386 of the 2006 Act.,
or
th8 accounts do not accord with those records., or
the account5 do nol comply with the accounting ￿qUireMentS of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an
independent examination; or
the accounts have been prepared in accordance with the methods and principles of the Statement of
Recommended PractlC8 for accounting and reporting by charities applicable to charities pr8paring their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order lo enable a Proper understanding of the accounts to be reached.
Signed-
Dated..
Theresa Bowers FIFA FCCA
Theresa Bowers Accountancy Ltd
1 Charlotte Close
Caversham
Reading
Berkshire
RG4 78Y
10

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
INCOME FROM:
Note
Donations and grants
Charitable activities
Other Revanue
23,854
32,420
431
9,500
33,354
32,420
431
91,629
22,822
TOTAL INCOME
114,451
EXPENDITURE ON:
Raising funds
Charitable activities..
Other charitable activities
Governance
57,332
8,809
19,195
76,527
61,668
6,148
TOTAL EXPENDITURE
66,141
NET INCOMEI(EXPENDITURE) BEFORE
INVESTMENT GAINS
(9,436)
{9,6951
(19,1311
46.635
Net gains on investments
12
494
NET INCOME I (EXPENDITURE} BEFORE
TRANSFERS
(4,915)
(9,695)
(14,610)
46.141
Transfers Between Funds
16
863
863
NET INCOME I (EXPENDITURE)
{4,052)
{10,558)
(14,6101
46,141
RECONCILIATION OF FUNDS:
Total funds brought forward
210 023
241 689
195,548
TOTAL FUNDS CARRIED FORWARD
205,971
21,108
227,079
241,689
The notes on pages 13 to 26 form part of th8S8 financial statement
11

SUMMARY INCOME AND EXPENDITURE ACCOUNTFOR THE YEAR ENDED 31 MARCH 2024
Total
funds
2024
Total
funds
2023
GROSS INCOME IN THE REPORTING PERIOD
70,726
113,957
Less.. Total expenditure
67,816
NET INCOME FOR THE FINANCIAL YEAR
(14,6101
46,141
12

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
68.083
80.382
Investments
12
127,628
135,406
CURRENT ASSETS
Debtors
13
19,999
14, 779
Cash at bank and in hand
101352
107 140
121,351
121,919
CREDITORS: amounts falling due within
one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
227,079
241,689
CREDITORS: amounts falling due after
more than one year
15
NET ASSETS
227 079
CHARITY FUNDS
Restricted funds
16
21,108
31,666
Unrestricted ftjnds
16
205 971
21
023
TOTAL FUNDS
13

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The Gompany's financial slatements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
The Trustees consider Ihat the company is entitled to exemption from th8 requirement to have an audit under the
provisions of section 477 of the Companies Act 20061"the Act") and members have not required the company to obtain
an audit for the year in question in accordance with s8Ction 476 of the Act.
The Trustees acknowledge their responsibililies for complying with the requir8ments of the Companies Act 2006 with
respect to accounting records and the preparation of financial statements.
The financial statements were approved and aulhorised for issue by the Trustees on
on their behalf. by..
and signed
Mr Chrlstopher Robert Barrett DL
Managlng Trustee
The notes on pages 15 10 29 form part of these financial statements.
14

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffeclive 1 January 2015) - (Charities SORP (FRS 10211, the Financial R6POrting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Rivertime Boat Trust Limited meets the definition of a public benefit enlily under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless othe￿ise stated in the
relevant accounting policy.
The trust has sufficient reserves to ensure its continued operation for at least the next twelve months
and the Trustees are therefore confident that the charity will be able to continue as a going concern.
The financial statements have been prepared on this basis.
1.2 Company status
The company is a company limited by guarantee, incorporated in the United Kingdom and reglslored
in England and Wal8s, registered number 05659325. The address of the registered office 15 7 Avior,
10 Longworth Driv8, Maidenhead SL6 8XA. The members of the company are the Trustees named
on pag8 1. In the event of the company being wound up, the liability in respect of the guarantee is
limited to £1 per member of the company.
1.3 Income
All income is recognised once the company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are re¢ognised when the company has control over the item, any
conditions associated with the donated ilam have been met, the receipt of economic benefit from the
use of the company of the item is probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP IFRS 102), the value of general volunteer time Of friends is not
recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of Ihe
value of the gift lo the company which is the amount the company would have been willing to pay to
obtain seNices or facilities of equivalent economi¢ benefit on the open market., a corresponding
amount is then recognised in expenditure in the period of rec8lPt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised al the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the inv8Stment
income is receivable.
15

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
1. ACCOUNTING POLICIES {CONTINUEDI
1.4 Expenditure
Expenditure is recogni5ed once there is a legal or constructive obligation to transfer economic benefit
to a third party, il is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each aclivily. Direct cos15 attributable to a single adivity are allocated directly
to that activity. Central staff costs are allocated on the basis of time spent, and depreciation charges
allocated on the portion of the ass@I's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the
company. Governance costs are those incurred in Connection with administration of the company and
compliance with conslitulional and stalutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the cornpany's operations, including
support Costs and costs relating to the governance of the company apportioned to charitable activities.
All expenditure is inclusive of irrecoverabl8 VAT.
1.5 Tangible flxed assets and depreciation
All assets costing more than £250 are capitalised.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of financial activities incorporating income and exp8nditur8
account.
Tangible fixed assets are carried al cost, nel of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual valu8, over their expected useful lives on the following bases..
Boats
Equipment
5 % straight line
10'/o Straight line
1.6 Investments
Fixed asset investm8nts are a form of financial instrument and are initlally recognised at their
Iransaction cost and subsequently measured al fair value at the Balance sheet date, unless fair value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are Gombined and shown in the heading 'Gains/llosse5}
on investments, in the Statement of financial activities incorporating income and expenditure account.
16

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
1. ACCOUNTING POLICIES (CONTINUED)
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by Ihe company., this is normally upon notification of the interest paid or payable by the Bank.
1.8 Debtors
Trade and other debtors are r8cognised at the settlement amount after any trad8 discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
1.9 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments wilh a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provlsions
Liabilities are recognised when there is an obligation at the 8alanc8 sh8et date as a result of a past
event. il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably. Liabilities are recognised al th8 amount that the company
anticipates It will pay to s8ttle the debt or the amount it has rec81V8d as advanced payments for the
goods or services it must provide. Provisions are measured at the best 85timate of the amounts
required to settle the obligation. Where the effect of the lime value of money 15 material, the provision
is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects
the risks specific to the liabillty. The unwinding of the discoLtnt is recognised within interest payable
and similar charges.
1.11 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
1.12 Penslons
The company contributes to the skipper's defined contribution personal pension plan. The pension
charge represents the amounts payable by Ihe company to the fund in respect of the year. No
amounts were due at the year end.

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
1. ACCOUNTING POLICIES (CONTINUED)
1.13 Fund accounting
General funds are unrestricted funds which are available for us8 at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that hava been sel aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial statements.
Restricted funds ara funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restrict&d
fund is set out in th8 notes to the financial statements.
1.14Judgements in applying accountlng policies and key sources of estimation uncertainty
In preparing these financial statements, the trustees are required to make judgements, estimates and
assumptions about the carrying amount of the assets and liabilities that are not obtainable from other
sources. Judgements, eslimales and assumptions are based on historical experience and other
factors that are considered to b8 relevant. Actual results may diff8r from these estimates, but are
unlikely to b8 material.
18

RIVERTIME BOAT TRUST LIMITED
(A Company limited by guarantee>
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
INCOME FROM DONATIONS AND GRANTS
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
Government grants
23,349
505
23.349
10,005
33, 149
58.480
9,500
Total donations and grants
33,354
97,629
Total 2023
58,169
33,460
91,629
INCOME FROM CHARITABLE ACTIVITIES
Unrestrlctad Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Rivertime - Boal18ltings
Accessible Boating bell boatlng days
31,670
750
31,670
750
22, 822
Total Income from Charitable Activities
Total 2023
22,822
22,822
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestrlcted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Rivertime
Accessible Boating
57,332
19,195
76,527
58,426
3,242
Total expenditure on Charitable Activities
57,332
61,668
Total 2023
37,888
23,780
61,668
19

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
Accessible
Boating
Total
2024
Total
2023
Rlvertime
'Rivertime" running costs
Accessible Boating Gosts
Promotional & Fundraising costs
Licences
Staff training
Professional fees
Wages and salaries
Pension cost
Subscriptions
Equipment
Depreciation
Support costs (Note 61
14,356
14,356
4,970
6,083
518
347
6,614
29,664
3,103
225
6.083
518
347
6,614
29,664
3,103
225
4, 702
91
1670
108
29,664
3,103
934
12,299
4,127
12,299
3,318
12,299
3,318
67,668
TOTAL 2023
58,426
3,242
61,668
SUPPORT COSTS
Unrestricted
funds
Total
2024
Total
2023
Website costs
Computer costs
Office costs
Wages and salaries
288
643
2,387
288
643
2,387
19
810
3,082
216
In the year ended 31 March 2023, all support Gosts were expended from unrestricted funds.
20

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
GOVERNANCE COSTS
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Independent examination
Accountancy, bookkeeping and payroll
Insuran
750
2,785
5,274
750
2,785
5,274
550
1,262
4,336
6,148
In th8 year ended 31 March 2023, all governance costs were expended from unrestricled funds.
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Depreciatlon Other costs
2024
2024
2024
Total
2024
Total
2023
Rivertime
Accessible Boating
32,767
9,057
3,242
31,461
73,285
3,242
58,426
3,242
Charltable activi1Ses
32,767
12,299
31,461
76,527
61,668
Expenditure on
governance
8,809
8,809
6,148
40,270
67,816
TOTAL 2023
32,767
12,299
18,472
67,816
21

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
NET INCOMEI{EXPENDITURE)
This is stated after charging..
2024
2923
Depreciation of tangible fixed assets-
owned by the charity
Independent 8xamination
12,299
12,299
During the year, no Trustees received any remuneration or benefits in kind. Christopher Barrett receiv8d
reimbursement of exp8nses of £012023 - £60).
10. STAFF COSTS
Staff costs were as follows-
2024
2023
Wages and salaries
29,664
29,664
Other pension costs
3,103
3,103
32, 767
The average number of persons employed by the company during the year was as follows..
2024
2023
No.
Skipper
No employee received remuneration amounting to more than £60,000 in either year.
22

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
11. TANGIBLE FIXED ASSETS
Boats Equipmont
Total
Cost
At 1 April 2023
222 071
Depreciation
Al 1 April 2023
Charge for the year
146,762
6.897
153,659
At 31 March 2024
16
N8t book value
At 31 March 2024
At 31 March 2023
12. FIXED ASSET INVESTMENTS
Listed
securities
Market valuo
At 1 April 2023
Disposals
Revaluations
55,024
Al 31 March 2024
Investments at market value comprise..
2024
2023
Listed investments:
COIF Charities
Investment Fund Accumulation Units
All the fixed asset investments are held in the UK
23

RIVERTIME BOAT TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
13. DEBTORS
2024
2023
Trade debtors
Other debtors
Prepayments and deferrèd 8xpenditure
15,185
4,814
10.290
4,489
14. CREDITORS: Arnounls falling due within one year
2024
2023
Trad6 creditors
Other taxation and social security
354
359
460
136
Accruals and deferred income
21,187
15,040
15. CREDITORS: Amounts falllng due after more than one year
2024
2023
Other credilors (Note 20)
24

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
16. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Gains I
(Losses)
Balance at
31 March
2024
Balance at
1 April 2023
Transfers
Inlout
Income Expanditure
Designated funds
Rivertime Boat
117932
125 789
General funds
General funds
Total unrestricted funds
210 023
863
205 971
Reslrlcted funds
Classroom Fund
The Davis fund
Berkshire Community
Foundation
National Lottery
Henley Educational Trust
Shanley Foundation
15,000
2,273
15,000
(2,273)
3,600
6,500
5,000
{8,5501
{6,500}
50
1,010
1,010
1,495
4,500
{3,005)
Give Them A Sporting Chance
Oxford Community Fund
Mobbs Memorial Fund
2,000
1,160
400
2,400
20
11,140)
Total restricted funds
863
Total funds
241,689
66,205
85,336
4,521
227,079
25

Aim and us
f desi
nated funds
The designated funds represent funds designated by Ihe trust8es for specific future purposes. Where these
have not been expendèd during the year they are carried forward. Details of the designated funds are as
follows..
Rivertime Boat Fund - The Irustees have aulhorised a designated fund to be set aside for the replacement of
Ihe 'Rivertime' boat at an anticipated Cost of £350,000. The fund is calculated as an amount equal to thé
accumulated depreciation on the "Rivertime" which on 31 March 2024 was £125,789.
Aim and use of restricted funds
The reslri¢led funds represent grants and donations receivéd for specific purposes. Where thes8 have not been
expended during the year Ihey ar8 carried forward. Details of the restricted funds are as follows..
Classroom Fund comprises funds donated for the construction of a floating classroom. The trust8es have
deemed this project is unviable and funds have been returned in 2024125.
The Davls Fund was established to fund special projects. The donor has now agr8ed that the remaining
funds may be treated as unreslricled.
The other funds listed were provided to finance many trips on Riv8rtime by SEND schools.
26

SUMMARY OF FUNDS- PRIOR YEAR
Gains I
(Losses)
Balance at
31 March
2023
Balance al
1 April 2022
Transfers
Inlout
Income Expenditure
Designated funds
Rivertime Boat
110 068
117 932
General funds
General funds
494
Total unrestricted funds
157 764
494
210 023
Rastricled funds
Classroom Fund
Accessible Boating fund
Th8 Davis fund
Louis Bayliss fund (LOTC)
Shanley Foundation
Berkshire Community
Foundation
National Lottery
Give Them A Sporting Chance
15,000
17,114
4,670
1,000
15,000
11,3161 (1 5,7981
(2,3971
(1,0001
(5,000)
2,273
5,000
4,800
9,900
2,000
(1,200)
{3,400}
3,600
6.500
2,000
Henley Educational Trust
Arnold Clark
Oxford Community Fund
Barcapel Foundation
Mobbs Memorial Fund
2,560
2,000
3,200
2,000
{2,560)
{2,000)
12,040)
12,000)
867
1,160
Total restrlcted funds
Totsl funds
114451
(494)
241 689
27

RIVERTIME BOAT TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
CURRENT YEAR
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
68,083
59.545
100,243
(21,9001
68.083
59.545
21,108 121,351
(21,900)
205,971
21,108 227,079
PRIOR YEAR
Unrestrictgd
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
80,382
55,024
90,253
115,637)
80,382
55,024
31,666 121,919
{15,6371
210 023
31 666 241 689
28

RIVERTIME BOAT TRUST LIMITED
IA Gompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
18. PENSION COMMITMENTS
The company operates a defined contributions pension scheme. The assets of the scheme are held separately
from Ihose of the company in an independently administered fund. The pension cost charge represents
contributions payable by th8 company to the fund and amounted to £3,103 {2023- £3.1031.
19. MEMBERS, LIABILITY
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it
being wound up while helshe is a member, or within one year after helshe ceases lo be a member, such amount
as may be required, not exceeding £1 for the debts and liabilities contracted before helshe ceas8S to be a
member.
20. RELATED PARTY TRANSACTIONS
Hobbs of Henley Limiled (of which Mr Jonathan Hobbs is a Director) logelher with a number of other organi5ations
and individuals also provide a number of services such as boat transfers, mooring and us8s of other facilities free
of charge. The value of these services cannot be readily quantified,
29

RIVERTIMT ,
BOAT TRUST-
Iww.rivertimeboattrust.org.uk