# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023** (A COMPANY LIMITED BY GUARANTEE) **REGISTERED COMPANY No: 08542544 CHARITY REGISTRATION No: 1152813** Independent Examiners Ltd The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF 1 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **CONTENTS** Pages 3 to 15 Report of the Directors Page 16 Independent Examiner's Report to the Trustees Page 17 Statement of Financial Activities Pages 18 Balance Sheet Pages 19 to 26 Notes to the Financial Statements 2 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31st MARCH 2023** ## **1. LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1152813 **COMPAY REGISTRATION NUMBER** 08542544 **START OF YEAR** 1st April 2022 **END OF FINANCIAL YEAR** 31st March 2023 **DIRECTORS AT 31st MARCH 2022** J Dumville (Chair) K Gledhill J Goodchild T B Lloyd S McCabe (appointed 17 October 2022) M Wescott (appointed 18 July 2022) **REGISTERED ADDRESS** Jubilee Centre Market Street Paddock Huddersfield HD1 4SH **DATE OF INCORPORATION** 23rd May 2013 **GOVERNING DOCUMENT** Memorandum and Articles of Association **BANKERS** HSBC Bank Plc 2 Cloth Hall Street Huddersfield HD1 2ES **ACCOUNTANTS** G W Schulz ACMA Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF ## **WEBSITE** www.rivertreetrust.co.uk 3 RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 2. Aim$ and Objectives The governlng document dÈfines the objecttves of the trust as follows- to advance the Christian tsith in accordance with the tru5t'5 ststement of fatth in Such woy5 and in Such p8rt5 of the United Kingdom or the world a5the dirertors fvom time to time may think fit to relieve sicknes5 and financial hardship and to promote and preserye good health by the PIOV15ton of funds. good5 or 5eryices of any kind including the provision of counselling ond 5UPPQrt tn Such p6rt5 of the United Kingdom or the world a5 the directors froTn time to time think ftt to advance education in such way5 and in such part5 of the United Kingdom or the world os the directors from time to time may think fit to promote such other purposes recogntsed a5 charrtsble under the laws of England 3nd Wales in such parts of the United Kingdom or the world a5 the directors from time to time may think fit We seek to fulfll these aims and objectives in the following main ways- Throvgh the life and mi5yon of the Communrty Church family in Hudder5field, in relationship wrth King's Church in Greatrr Manchester. the Pioneer Netymrk and the Evangelical Alli6nce By the operotion of the JU￿lee Centre a5 the base for Community Church and as a public facility for the benefit of the local community Through numerous community-based projects and acknvities that operate etther within the Jubilee Centre or in the community. with rnany of thern being managed together under a commLtrnity S￿￿Or￿anisatIon called The Branch. Thi5 operate5 under the overs¢ght of RiverTree Trust as they help us to develop our work as a Community Hub through our current facility By enga8ing the services of two spiritual leaders to help develop the strategy for f4tlfillin8 our aims and objertives.. and by the full-time ernployment of an operations manager, ar*d community projects and ever¢ts co-ordinator.. also, the part-time employment of o church administrator, a finance administrator. a community manager. 3 commun¢ty supr#)rt group workers. and a debt centre manager RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 3. Prlmary Strategles and Actlvltles 3.1 strengthening the FaTth and Wellbeing of Chufch Member5 Strengthening and encouraging people in their Christian life ond witsie55 and helping equip op]e in spirttu81 and emotior￿1 health. 3.1.1 Weekly GatherTrn8s The church meets toeether regularly on a sunday morning for worship. teaching and mutual encouragement. As part of these Sunday meetings. a fvlly equipped crèche is offerèd for the care of babies artd toddlers. alone with a range of actbvities for all aees from pre-school to secondary xhool age children and young people. 3.1.2 Children's Groups Children join the adults for some of the worship in our weekly gatherings but then go out to their own age-specific groups. They learn about the Bible and the Christian faith nd the difference it can make to their live5. The aim 15 a150 to enable them to expres5 themselves and to grow spsritually, emotionally ond socially tn a safe. accepting and encoufaging environment 3.1.3 Prayer The church gather5 regularly to pray together, either in home5 or at the Jubilee Centre. Church prayer meet4ng5 are held on weekday evenings at the Jubilee Centre every month and on Sunday mornings before our main gathering5 every week 3.1.4 P8storal Care UK CornmunFiy Church Hudder5Field 15 an affiliate member of Pastoral Care UK. a network of pastOToI leaders which provides 5UPPOrt and trosning to Churches and indi¥idual5_ 3.1.5 Famlly Hubs These are groups that are held in the homes of church members, where Ilk15 people regularly meet together to support and encourage one al￿ther. pray for one another. di5CUSS the Bible together. consider how their faith applies to their daily lives and genÈrally build friendship and felatiortshlp together_ One efOUP meets online wa video conferencine 50ftware_ 3.1.6 Tea¢hinE & Trarning Monthly 5e55ions are held for teaching and training - 50metime5 for the whole church. sometimes for specific groups. They use a variety of learning methods and cover wide range of topics aboth how faith *s worked out in the community and in our everyday IKves_ These sesslons are Ilve streamed to wden aCCes￿billty- 3.1.7 Emotionolly Heolthy Spirituality This course 15 bosed on Peter Scazzero's book 'Ernotionally Healthy Spirituolity.. It IS based on the conwrt¢on that our Spiritual health is direcvy linked to our emotional health-. the course is a p6th of learning that gives U5 new too15 to grow and matyre in both. It introduces people to a lifelor¥g journey of learning to live and love well. The main oims of the course are". Connerting with God. Connecting with other5 and Connecting with Ourselve RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 3.1.8 Gifts of Imperfettion Course The course is Based on Brene Brovm's book and is about wholehearted livine. FTOM place of worthiness, we look at io things we need to let go and 10 things we need to embrace In order to live a journey of couraoe. compassron and connertion_ 3.1.9 Xcel Xcel is a group for secondary schoos aged children which exists to inspire. train ond teach them about spiritLtal and emotioftal matters. With food. games. social activities. studies and discussion5. we support the hfTrune people with their learnlng and help them to mature. We use 8ible 5tudie5, crafts. outings, music and videos to help provoke questions about who we are. who God 15 and what Is our purpose in this world_ 3.1.10 Connect Connect is a weekly meeting open to all age group5. The purpose of the group ts to connect everyone to God and to one anothef_ There is a relaxed atmosphere with prayer and worship followed by different speakers talkin8 on a variety of toprcs. There 15 OPPOrtLtnity for discussion ar¢d sharing of ideas and a time lor tea. biscuits and fellowship_ There is a summer garden party and a Christmas dinner at a local h05telry nd money is collected for local charities. 3.1.11 Hardship Grant5 and Loons The trust SUPPOrts those struggling financially with hardship loans and grants on case-by-case ba515. The member5 of the tTUSt award these eTants in line with the trust's Equolity and Diversity statement accordFng to procedure5 in place. 3.2 Setving the Local Communitv Actively working for the benefit of our town and local Communi￿eS through a wlde variety of community groups and activitie5. 3.2.1 The Branch The Branch 15 the expression of love and kindness from the organi5ation that spearheads our work in the local communlty 3.2.1.1 Jubklee Melody Makers A group for parents, carers and pre-sChC￿l children that locuses ors the well- being of both adult and child_ There is an emphasis on developing the whole person. supporting fatniltes and increasing connections so that people feel thev belong. Locala partner with u5 to provide parent support and information during sessions. including a baby self-weiBhin8 ststion. Melody Makers uses craft work and music a5 a *ocus_ In addition. it offeT5 5UPPQrt to those Suffering frorys i501ation, depressson and mentsl health challenges. ActEon and dance can a150 combat obesity and health challenEeS_ M elody Makers has partnered with vartous Kirklee5 senrice5 and groups a5 a way of encotEraging vulnerable adults to get involved as volunteers and to signp05t members to other sermces. The group sees attendance figures ranging from 60 to 95_ Melody Maker5 has continued to financially support other charities. one of which enable5 3 Children to attend school in the Phslippines_ RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 3.2.1.2 Melody Makers Baby Thks group is for parent support to Eive them a space to meet and £ain a(fvice. The rogm. equipment and singing session allow the babtes to experience variety of toys and have quality time with parents. It encourages peer support to enable parents to emotionally support each other. Locala breast feeding peer supporters also help. Jubilee Together This is a friendly group for people living wth mental illness and learninE disabilities. It provides a place to meet where friendships can be bvtlt in a safe. family environmerrt. After a simple meal. there is the opportunity to take part in various acttvities including crafts ènd games. The group enjoys several trips out that include visits to local cafes and an arÈnual trip to See a Christmas pantomime. 3.2.1.3 3.2.1.4 Melody Dads A monthly session that places a hiEh vBlue on. and supports the role of. dads and male carers. It helps to develop their parentine skills. combats i501ation within fathers. and builds friendship among those with children of a similar age. Children's ages range from 0-10, but no limit is kmposed. Actiwties include game5. music and eating together_ With a strone emphas>s on support and education, it has proved to be beneficial to both adults and children. 3.2.1.5 Jubilee Keep Fit In our aim to look after the whole person. fitness is important. especially after childbirth. This session is targeted at women who would like to be fit but struggle getting out with children or find that exerclse is really beneficlal to their well-being, particularly those with postrkltal depresston. The hour-lonE 5e5sron is run b¥ a personal trainer who pro￿deS guidance in several exerases_ Children are welcome to come along and participate or play with tOY5. 3.2.1.6 Jubilee Get Active A light exercise class for matyre adults wth mobiltty issues. or other issues that can cause them to need a slower cla55. It Is designed to promote health. fitne55. strength and coordination. We hope to see a reduction in the number of falls and increased mobility and independence thrO￿h this clas5_ 3.2.1.7 Luncheon Club A twtrcourse meal with vegetarranlvegan optior¢5 provided. The lunch is to encourage those who are coming to Jubilee Get Active to attend the Jubilee Centre even if they cannot exercise that day. The aim is to combat isolation. Fncrease community inclusion and burld friend5hrp. The lunch also provides a hot meal for those that cannot make or afford one_ It increases community connertion5. 3.2.1.8 Tai Chi We enabled this group to get a 8rant and now 5UPF￿rt them with 0￿01￿8 c05t5. MENologv An initiative aimed at men a£ed 2040 with addictions. soctal issues and rnental health challenges. Tht5 group is a social group where member5 learn how to 3.2.1.9 RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 cook in healthy and affordable ways. They look at physical and mental health issues and build new friendship 3.2.1.10 Coffee@Jc A community support programme centred around an open door and friend5hip_ Free coffee 15 made available to anyone who attends thF5 inclusive initiative_ The emphasis Ès on providing an environment that supports lonely. elderly and vulnerable adults. Staff are al￿￿y5 on hand to facilitate conver50tion and discuss*on. 3.2.1.11 Twins & More The aim of thi5 group 15 to provide peer 5UPPOrt for those the challenge of multiple babies in a Quality space with interactive t¢)ys. The group Pfovides refreshments. crafts and a singing session. Operating ors a bi-weekly basis there 5 a strong social network including other actiwties in between these sessions. 3.2.1.12 '8Teathe' Happy Café A family friendly café run once a month_ The focus during these 5ession5 15 positive attitude, care and wellbeing. We create a relaxed atmosphere where people can talk and try new things_ There is an organized activity each week. for example. percussion, crafts. laughter. yoga and dance. There are also activities for children. 3.2.1.13 Community Events Throughout the year. the following events were offered and open to all. for the benefit of the public in the local community. Easter partie5. summer parttes Christma5 Parties. aFHt a Christmas panto_ We held holiday events for children and farnilies including live owl sessions, larEe assault course. circus skn115, large equipment play. Family Melody Makers. and dance session. We hosted a big street event for the Queen's platinum Jubilee party with competittons for schools. a rap project for a junior school class, craft and an international food project. Public attendarKe for these events wa5 high. These activtknes continue to provide us with a Eood reach into the cofflmunity- 3.2.1.14 Chr•stmas Day Meal Every Chri5tma5. Jubilee Centre hosts a meal for about 150 people. plus meèts delivered to people in their own homes_ This 15 for people who would otherwise be alone or without the funds to have a decent festive meal. This is staffed bv team of around 40 volunteers. WorkinE Wlth partners tn the community. transport is provided. and this annual event has become a regular on many calendars in the local area. Referrals come from housing associations. mentsl health organisations. The Welcome Centre, ex-service support. arsd school5_ Donations for presents and food come from various sources. Each attendee Eets a three-course meol. and the chance to siTrE carols. plav Eames and receive present from Santa. Children receive a bag of presents donated by the community. RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 A total of 1,102 hot meals were provided via the Christmas day meal and the luncheon club. 3.2.1.15 Welfare Support Thi5 initiative prowde5 a range of itern5 including 5hoe5. coats. School uniforms and bègs for children in need of them, babies. toys and equipment for families w) Stgnificant need_ We PrO￿de stationery pack5 and boo￿ for children out of rchool. We help with fvrniture. carpets. bedding and crockery for those relocated due to domestic violence. aS￿uM. or poverty. We source or buy white goods, including microwaves for people who have no rneans of cooking. We also help with enerEY top tsps and gas and electricity re-connections. We provide walking Jids. hygiene goods. toiletries and e55enttsals to those who cannot shop or afford them. The service is provided by feouest¥ng specific donated items. financial donations or grants. Referrals have been made personally. by SCI￿01S or other partner5_ Support ha5 expanded to iftclude lift5 to health 5erwces, liai50n w¥th energy firms. the DVLA. and additional telephone and email supporL particularly considering mentsl health concerns. In summary.. 387 social actions were taken. 38 Eas top-ups provtded. 87 essential pieces of furniture and white goods were provided, and 179 bags of clothes were provided. 3.2.1.16 The Loving Our Neizhbours Project B y gathering a large group of volunteer5 together action is taken around the community to care and look after people in their localities. This includes collecting medicines and EivinE lifts to medical appointments, takinE anima15 to the vets. dog walking and cleaning. This also includes house and garden clearance. ￿￿$ tip runs. Fast response is achieved due to a whatsApp group. 3.2.1.17 The Branch Food Project All food projects service people from very dFverse backgrounds with different needs. We have provision for people who are veEan. vegetarian. Halal. non-pork eating and many other diets. 3J.1.18 Friday Food Redistribution Foorl that WFII otherwise go to landfill is distributed Into the communwty. Partnering with Fareshare. we pa¥ for and receive a van delivery of food_ We also gather food from other Fareshare partners. M&5, Tesco. Asda. Sainsburys. The Welcome Centre. The Ark and others. We have also received grants and donation5 to keep this project topped up with fresh food_ We encourage donation of £2 per household to access the service. There is one session per week. This 15 more than a fo¢)d resource. As people come into the building. we show them love and respect, combating i501ation. It a150 gives u5 a Ihance to get alongside people. find out how they are and what challenEes they are factng. In this way we have met critical practical needs as well a5 referred peO￿e to other services. Food provbded VFa Foodshare was equivalent to 46.356 meals. RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 Patherlng with Fareshare. we recelve a van load of frozen food vthich Is then Eiven out to familie5 in our food redistribution and other Jreas of known need. As a result of these initlative5. 17.616.8kg of food has been saved from going into landfill. with 28.190.04kg C02 beinE saved. 3.2.1.19 Emergency Food Provlsion and Shopping Support People contsrt U5 themselves or are referred to U5 a5 needirsg help for food_ We refer most people to the Welcome Centre and arrange for food packs to be delivefed. We have a Stock of emergency food pack5 if Ft 15 a weekend and everywhere is closed. We also have volunteers who will do food shopping on a short-term basis for those unable to go out. In totsl. the equivalent of 3.979 meals were provided. During the yeor. 185 people were referred to us by other servFce provTrders and we refer red 290 people to other service Pfoviders. 3.2.1.20 Courses We rèn courses on modern day slavery. mindfulness. healthy eating. cooking. self-e5teem, budgeting. and Y￿a. 3.2.1.21 Heaiih Projects We partner ¥rith Kirklee5 council to deliver menopause help and support Èn the community. We have a team of community champions who pa5S Out information at grassroots level aboLrt varlous health-related projects. We partner wth the knrklees Wellness ServTrce to hold weekly clinics to 5UPPOrt people to 5tOP smoking. We work in partnership with Ktrklees Wellness Service. They ran weekly sessions at the Jubilee Centre for member5 of the public to access health and wellbeine asse5srnent 5ervices_ Thk5 initiative ha5 been particularly good at reaching 50- called hard-to-reach people. We partnered with Locala peer supporters who visrted to give a¢thrice to new parents on breast feeding. weaning. and potty training. They also provided baby-weighing service. We linked up with Healthy Start to distrtbute vitsmins for pre-school children and pregnant women ond to signpost people to where they can get occes5 to health¥ food and milk. We ran mindfulness 5ession5 in partnership with alackbird Mindfulness and The Richmond Fellowship. 3.2.1.22 The Wider Community The Branch is a Local Community Anchor. Anchors are establlshed local or8ani5ations who Share their experrence, contacts. knowledge. resources and experuse with other local or2anisations. Community Anchors listen to those working in communittes and share information. They bring people together and help create plans. They help io RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 organi5otions develop. collaborate aTTrd Influence the decisions that affect their corr*munities. Anchors work in enabling and co-productive way5 With those in communities who are orgonising group5 and acti%rytie5. bL5ilding on strengths and alliances. 3.2.1.23 Schools Work ThFS year Ouf community team has hosted placement students from KÈrklees Colleee. Greenhead College. and local schwls_ We work wrth many other schools in the area receiving referrals from families. taknn£ assemblies and working in partnership at special events or in other are35. Y,22 The Bereavement Joufney The Bereavement Journey is 3 Series of Pjlms and discussion groups that gently guide people bereaved at any time through the m05t cornmon aspects of grief and bereavement. enabling them to process the implications for themselves and discern next steps. This 6-week course is open to anyone who has been bereaved at any time and in anv way_ The course uniquely offers a final session on faith questiofts tn bereavement provided from a Chri5ttran per5pects"ve_ Thi5 follows the main sessions and is optional, making The Bereavement Journey suitsble for people of any farth or none. 3.2.3 Jubilee Centre Owned and operated ￿ RFverTree Trust- thi5 is a communFty hub and facility for the benefit of the Community Church tsmily and the local community. Many of the activities listed in this Annua l Return take place at the Jubilee Centre. RiverTree Trust a150 makes the facility available at cost foT local public and community group5 including the University of the Third Age IU3AI, a local Tai Chi group and KTrrklees Metropolitan Council. The Centre ha5 also been hired for occasional use by Several private businesses and individuals. these lettiftES serve to increase the communlty Ltse of the centre and help contrFbute towards the financial upkeep. 3.2.4 New Communlty Hub RiverTree Trust acquired new, larger premises. the former 8r*￿IC / Ben shaw's site on Willow Lane in Huddersfield in the financial year ending March 2016. The Trust planned to Crow and increase communFty activity into these premises. developine the 3.5-acre site as a Community Hub for the Huddersfield area. but we are rtow also explorbng other options_ Included on the site were 4 derelict hoLtses which we refur￿shed_ They are now rented to an orE3nization. Happy Days UK. who work to rehabblitste people who are homeless andlor have addictions. In December 2022 a decision was made to investieate ways to diswse of the site (excluding the 4 housesl_ This is as a result of changing csrcumstances caused, large part. by the after-effects of the COVID pandernic. In the meantime. v3riou5 tenants ensure that the site looks after itself financially_ 3.2.5 Supporting Local Projects We have given financial 5UPPOrt to a number of local projects including.. li RIVERTREE TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31st MARCH 2023 Talkthru - ServFces include preonancy cholces, miscèrriaEe. baby loss and termination counselling support in the Huddersfield and Kirklees Area_ Happy Days- A charity providing shelter. food and support for people affecte by homelessness and crisis. Shared Goods Project- Formerly known as the Sanctuary Project SupFborting asylum Seekers and new refugee5. 8ased in Huddersfield. The Uniform Exchange- A Kirwees based charity who recycle gocd schc¥il uniforms. passine them from one family to another_ -we want to make school uniforms acce55ible to all children and families who face hardship. A good niform and a coèt will improve a child's likelihty)d of attendance and their ability to learn. helwng to reduce 5LKial isolation.- TIME Together- A Denby Dale based project which aims to help connect people, relieve loneliness and isolation. and improve quality of life. This is done by offerine actI￿￿e$. transport. and places to meet_ The Welcome Centre- Helping local families and individuals in crisi5 with fwd, toiletries. and other essential items_ They also provtrde advice, guidance. and SUPPOrt to addre55 underlwng issues. 3.3 Advaneing the Christian Foith 5eekine to embcxly. enact and Èxplain the Chrlstian message (ft our local communlty and across the world. 3.3.1 The Alph*l Course The Alpha Course 15 an opportunity for people to explore the Christian faith over a 10- week period_ The evening includes food. a short talk. JTrd an opportunity to ask que51ion5 and have a discu55ion. People are welcome to ask whatever they want. and they will always be given an honest answer, an assurance we will go away and find out More, or a sifftple -we don't know.~ The values are honesty. openne55 and dialogue. Our objective is not to 'converf people to present our beliefs in a way that leaves people free to make up their ¢)wn minds and walk away without any obligatioB. Over the years some people have decided to follow Jesus and others have continued their ourney elsewhere. All have been grateful for a chance to talk and tind out more. 3.3.2 The Pioneer Network Community Church is part of the Pioneer Network_ Ploneer Is a relational netsvork that is commFtted to connecting. inspiring and equipping churches the UK and globally. Pioneer seeks to play its part in the re-evan8elisation of the nations, plafttin8 new churches, equipping existing churches. and releasing leaders and influertcers in every sphere of society. Pioneer's strategy is to **INCOMING RESOURCES**
**Income and endowments from:**
Donations and legacies
2a
Charitable activities
2b
Other trading activities
2c
Income from investments
2d
Grant income
2e
Other income
2f
**TOTAL INCOME**
**RESOURCES EXPENDED**
**Expenditure on:**
Charitable activities
3a
Trading activities
3b
**TOTAL EXPENDITURE**
**NET INCOME / (EXPENDITURE)**
Transfer between funds
4
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
TOTAL
Funds
Funds
**2023**
2022
£
£
**£**
£
190,195
18,304
**208,499**
212,976
6,984
28,254
**35,238**
19,605
102,234
-
**102,234**
92,410
66
-
**66**
6
-
126,778
**126,778**
74,195
7,898
624
**8,522**
4,814
307,377
173,960
**481,337**
404,006
179,895
172,444
**352,339**
275,286
67,219
-
**67,219**
67,632
247,114
172,444
**419,558**
342,918
60,263
1,516
**61,779**
61,088
(31,101)
31,101
**-**
-
1,350,086
36,106
**1,386,192**
1,325,104
1,379,248
68,723
**1,447,971**
1,386,192| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 19 to 26 form part of these financial statements. 17 RNERTrEE YRUST IAUMPANY LIMITED ay GUAAANTEEI BAlAN￿ SHEEr AS AT 31st MARai 2023 Unratrf2tÈd Re5￿tted TOTAL Funth FurKIs TOTAL ?022 Notes FI￿DA$SE[s Tawble assets 263250 Dqbtor5 Cash at bank and In hanrt rotslCwrnrtAwl% 38978 39￿6 18.164 96910 IC8.708 21VU 2615B6 135m IrYJ.2% 2W44 1.750 CIIEiJrroAs: aTrW)wtsf4I1￿du￿ withln on•v 19 40.533 83.932 115998 68.723 L379,248 68.723 IMI.971 IA57,124 cRE[￿￿.amOWrtsfa￿dtw In Moreth￿ oneye¥ 71A32 FUNDS (*THEcHIl￿ Unremrlcfed Ae5trftted L379.248 4179248 L3SO 3fjir 68.723 TOTALFUIIDS 192 For the firbarbcla year 3tst M•rh 20ts orrt#iqd to •Xtt¥4)tk)ft from atsd* under Sed¥Jn 477 of thè . The rr*mbErs h8¥e required the tharlly to ohtaln an tt5 for the ye¥ lo quth In acto1thn￿ with 5ffttlon 47Q" and . The dlrectots 8&tyJwledF tholr resp0rtslbdlt￿% for comthlrrf wlth rnwtrwnerrts of tk Aa *Thh ttspttt to feconb andthe preparatkm•f ac(￿rt Tl** ststOm￿￿s havE bEen pTrp¥ed kn •ctowdanre the spedd Pro￿￿)r& to companie5 5￿je￿ to ihÈ smallcompan*s wthln Part 15 dthe Comp*esAct X￿& ¥i-11-J3 Aw)ro¥d bytheDlreaotsoTh.-..._-...--._._....-..-......... st￿e￿ onth•1rbEha￿ty~--.- .__.__.........-..-.- ..__.., Jon3th7n Dwfwile. Chalr. ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31st MARCH 2023** ## **1. ACCOUNTING POLICIES** ## _Recognition of Incoming Resources_ These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources; - it is more likely than not that the Directors will receive the resources; and - the monetary value can be measured with sufficient reliability ## _Offsetting_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SoFA. ## _Grants and Donations_ Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. ## _Tax Reclaims on Donations and Gifts_ Incoming resources from tax reclaims are included in the SoFA during the same time as the gift to which they relate. ## _Contractual Income and Performance Related Grants_ This is only included in the SoFA once the related goods or services have been delivered. ## _Gifts in Kind_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. ## _Donated Services and Facilities_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _Volunteer Help_ The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report. ## _Investment Income_ This is included in the accounts when receivable. ## _Investment Gains and Losses_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## _Liability Recognition_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _Governance Costs_ Include costs of the preparation and examination of statutory accounts, the costs of Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters. 19 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023** ## _Grants with Performance Conditions_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. ## _Grants Payable without Performance Conditions_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remains in control of the charity. ## _Support Costs_ Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## _Changes in Accounting Policies and Previous Accounts_ There have been no changes to the accounting policies (variation rules and methods of accounting) since last year. ## _Assets_ Tangible fixed assets for use by the charity: These are capitalised if they can be used for more than one year. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful life. The rates applied per annum are as follows: |Land and Buildings|2%| |---|---| |Furniture and Equipment|20%| |Computer Equipment|30%| |Motor Vehicles|30%| ## _Investments_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Directors' best estimate of market value. ## _Pensions_ The charity operates a defined contribution pension scheme and the pension charge represents the amount payable by the charity to the fund in respect of the year. ## _Basis of Preparation_ The financial statements have been prepared on the historical cost basis convention (as modified to include the revaluation of investments) in accordance with the Charities Act 2011, "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The charity meets the definition of a public benefit entity under FRS 102. The charity has claimed exemptions available in Section 1a of FRS 102 not to prepare a cash flow statement since it is a small charity. 20 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023** |**2. ANALYSIS OF INCOME**
**a) Donations and legacies**
Donations and gifts
Gift Aid
**b) Charitable activities**
Activities and events
**c) Other trading activities**
Lettings income
**d) Income from investments**
Interest income
**e) Grant income**
Grant income
**f) Other income**
Other income
**3. RESOURCES EXPENDED**
**a) Charitable Activities**
Administration Costs
Events & Activities
Gross Salaries:
Ministry Support
Other
Mission & Other Charitable Gifts
Training Costs
Depreciation
Independent Examination
**b) Trading Activities**
Premises Costs|Unrestricted
Restricted
**TOTAL**
TOTAL
Funds
Funds
**2023**
2022
£
£
**£**
£
158,983
17,128
**176,111**
178,059
31,212
1,176
**32,388**
34,917
190,195
18,304
**208,499**
212,976
6,984
28,254
**35,238**
19,605
102,234
-
**102,234**
92,410
66
-
**66**
6
-
126,778
**126,778**
74,195
7,898
624
**8,522**
4,814
Unrestricted
Restricted
**TOTAL**
TOTAL
Funds
Funds
**2023**
2022
£
£
**£**
£
20,597
5,604
**26,201**
18,265
9,060
1,675
**10,735**
5,896
51,019
-
**51,019**
48,814
63,867
113,793
**177,660**
140,600
28,793
51,280
**80,073**
50,200
2,023
92
**2,115**
1,886
4,536
-
**4,536**
7,826
-
-
**-**
1,800
179,895
172,444
**352,339**
275,286
67,219
-
**67,219**
67,632| |---|---| 21 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023** |**4. FUNDS**
**Unrestricted Funds**
**Restricted Funds**
Debt Relief Centre (CAP)*
The Branch
**Total Funds**|Balance
**Balance**
1 Apr 2022
Income
Expenditure
Transfer
**31 Mar 2023**
£
£
£
£
**£**
1,350,086
307,377
247,114
(31,101)
**1,379,248**
7,459
10,945
19,075
7,638
**6,967**
28,647
163,015
153,369
23,463
**61,756**
36,106
173,960
172,444
31,101
**68,723**
1,386,192
481,337
419,558
-
**1,447,971**| |---|---| Restricted funding is reserved for the administration of the following projects and activities: - Debt Relief Centre Staff & Operational Costs (see section 3.3.3) - The balance shown against Debt Relief Centre (CAP), is represented by funds held in the CAP (Hudds) Account (Note 6). - The Branch staff and operation costs, a significant amount of which was also Grant Funding received with thanks (see sections 3.2.1). 22 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023** |**5. TANGIBLE FIXED ASSETS**
**UNRESTRICTED**
Cost of assets
01-Apr-22
Additions
Disposals
Cost carried forward
31-Mar-22
Depreciation at
01-Apr-22
Disposals
Depreciation charge for the year
Adjustment
Depreciation at
31-Mar-23
**Net Book Value at**
31-Mar-23
Net Book Value at
01-Apr-22
**WILLOW LANE HOUSES**
Cost of assets
01-Apr-22
Additions
Transfers
Cost carried forward
31-Mar-23
Depreciation at
01-Apr-22
Disposals
Depreciation charge for the year
Adjustment
Depreciation at
31-Mar-23
**Net Book Value at**
31-Mar-23
Net Book Value at
01-Apr-22|Land &
Furniture &
Computer
TOTAL
Buildings
Equipment
Equipment
£
£
£
£
888,539
85,669
16,303
990,511
-
1,543
5,837
7,380
-
-
-
-
888,539
87,212
22,140
997,891
-
76,036
16,003
92,039
-
-
-
-
-
2,235
1,841
4,076
-
-
-
-
-
78,271
17,844
96,115
**888,539**
**8,941**
**4,296**
**901,776**
888,539
9,633
300
898,472
Land &
Furniture &
Computer
TOTAL
Buildings
Equipment
Equipment
£
£
£
£
359,635
6,742
-
366,377
-
-
-
-
-
-
-
-
359,635
6,742
-
366,377
-
4,443
-
4,443
-
-
-
-
-
460
-
460
-
-
-
-
-
4,903
-
4,903
**359,635**
**1,839**
**-**
**361,474**
359,635
2,299
-
361,934| |---|---| 23 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st MARCH 2023** |**6. CASH AT BANK AND IN HAND**
HSBC
Money Market
CAP (Hudds) Account
The Branch Account
The Branch Cash
**7. DEBTORS AND PREPAYMENTS**
Tax Recoverable
Trade Debtors
Other Debtors
Prepayments
**8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Credit card
Trade creditors
Deferred income
Accruals
Taxation and social security
Other creditors
**9. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
Mortgage|Unrestricted
Restricted
**TOTAL**
TOTAL
Funds
Funds
**2023**
2022
£
£
**£**
£
55,676
-
**55,676**
65,332
41,234
-
**41,234**
93,316
-
6,967
**6,967**
7,459
-
101,702
**101,702**
96,396
-
39
**39**
82
96,910
108,708
**205,618**
262,586
Unrestricted
Restricted
**TOTAL**
TOTAL
Funds
Funds
**2023**
2022
£
£
**£**
£
9,974
548
**10,522**
3,474
8,539
-
**8,539**
921
9,826
-
**9,826**
5,624
10,639
-
**10,639**
8,145
38,978
548
**39,526**
18,164
Unrestricted
Restricted
**TOTAL**
TOTAL
Funds
Funds
**2023**
2022
£
£
**£**
£
3,653
-
**3,653**
1,281
10,073
-
**10,073**
6,678
-
40,533
**40,533**
72,417
1,680
-
**1,680**
1,920
3,484
-
**3,484**
636
1,000
-
**1,000**
1,000
19,890
40,533
**60,423**
83,932
Unrestricted
Restricted
**TOTAL**
TOTAL
Funds
Funds
**2023**
2022
£
£
**£**
£
-
-
**-**
71,032| |---|---| 24 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st MARCH 2023** |**10. PAID EMPLOYEES**
**Staff Costs**
Gross Wages and Salaries
Employer's National Insurance Costs
Employer's Pension Contributions|**2023**
2022
**£**
£
**213,389**
178,173
**10,839**
7,805
**4,451**
3,435
**228,679**
189,413| |---|---| ## **Pensions** The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from the charity in an independently administered fund. The pension cost charges (shown above) represent the contributions payable by the charity to the fund. |**Average head count in the year**
Employees were engaged in each of the following activities:
Leadership
Activities in furtherance of organisation's objects
Administration|**2023**
2022
**Number**
Number
**2**
2
**7**
6
**5**
5
**14**
13| |---|---| No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. Two people were paid on a self-employed basis, while the other eleven staff were paid through the PAYE system. |**11. GOVERNANCE COSTS**
Independent examiners' fees (examination of accounts)
Independent examiners' fees (taxation services)|**2023**
2022
**£**
£
**1,500**
1,620
**180**
180
**1,680**
1,800| |---|---| 25 ## **RIVERTREE TRUST** (A COMPANY LIMITED BY GUARANTEE) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st MARCH 2023** ## **12. TRUSTEES AND OTHER RELATED PARTIES** Two Trustees and one related party received payments over the year as follows: |TM Shotter (Director/Trustee)
Ministry
Expenses
TB Lloyd (Director/Trustee)
Ministry
Expenses
A Lloyd (married to TB Lloyd) - Ministry
Gross Salary
Expenses
Total amount paid|**2023**
2022
**£**
£
**22,501**
20,634
**-**
154
**28,519**
28,179
**305**
612
**28,434**
29,571
**164**
933
**79,922**
80,083| |---|---| Two Trustees are engaged in the Ministry and in accordance with the Articles of Association, Ministry fees were paid to them during this and the previous year as shown above, these trustees are regarded as self-employed. The wife of one of the Trustees is also paid for Ministry work. No other payments were made to Trustees or any persons connected with them during this financial period. DB Gledhill (married to K Gledhill) working as Taylor & Gledhill Electrical assisted in a number of maintenance tasks and the firm was paid £2,391 for this service. No other material transaction took place between the organisation and a Trustee or any person connected with them, other than those stated above. The total amount given by trustees to the charity during the year was £17,260 ( _2022: £18,167_ ). 26