Registered company number CEO11294 Registered charity number 1173794
River Network Directors' Report and unaudited financial statements for the period ended 31st March 2024
Peter Ernest Hallam BA
River Network
Directors' Report and Financial Statements For the period ended 31st March 2024
Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' Report | 2 |
| Accountants' report | 3 |
| Income & Expenditure Account | 4 |
| Balance Sheet | 5 - 6 |
| Notes to the Accounts | 7 |
River Network Company Information
Directors
Mr T Eckersley Mr J H Dewar - appointed 20th April 2023 Mr P E Hallam
Registered Office
SNaP Business centre 40 High Street South Normanton Alfreton Derbyshire DE55 2BP
Accountants
Peter E Hallam 55 Abbott Road Alfreton Derbyshire DE55 7HD
Bankers
Barclays Bank PLC 1 Churchill Place London E14 5HP
Registered company number CEO11294 Registered charity number 1173794
1
River Network Company No CE11294 Charity No. 117394 Director's Report for the year ended 31st March 2024
The directors present their report and financial statements for the year ended 31st March 2024.
Statement of Directors' responsibilities
The directors are responsible for preparing the Directors' Report and the Financial statements in accordance with the applicable law and resolutions.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the income and expenditure of the company for that period. In preparing the financial statements the directors are satisfied that they give a true and fair view of the state of affairs of the company and are required to
make judgements and accounting estimates that are reasonable and prudent presume that the company will continue in business.
The director s are responsible for keeping adequate accounting records that are sufficient to show and explain the company's' transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 1980. They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office in the year were as follows: Mr T Eckersley Mr C H Dewar Mr P Hallam
Small Company Rules
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 applicable to companies subject tom the small companies regime.
By order of the board
Mr T Eckersley Director
Date
18 July 2024
2
River Network
Accountants' Report for the year ended 31st March 2024
Accountants' report to the directors of River Network
You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account and the Balance Sheet from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Peter E Hallam BA 55 Abbott Road Alfreton ` Derbyshire DE55 7HD
Date 18th July 2024
3
River Network
Income & Expenditure Report for the year ended 31st March 2024
| Notes Income 1 Cost of Sales Gross Profit Administrative Expenses Surplus Bank charges Surplus after bank charges 2 |
2024 £ 88,579 (27,325) 61,254 (76,235) (14,981) 0 (14,981) |
2023 £ 358,121 (21,300) |
|---|---|---|
| 336,821 (309,976) |
||
| 26,845 0 |
||
| 26,845 |
4
River Network Balance Sheet as at 31st March 2024
| Notes Fixed Assets 3 Equipment Current Assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Loan Total Assets less Current Liabilities Net Assets Funds Unrestricted funds Shareholders Funds |
2024 £ £ 3,843 - 40,118 40,118 (2,000) (6,022) (8,022) 35,939 35,939 35,939 35,939 |
2023 £ £ 4,619 - 54,519 54,519 (2,000) (7,257) (9,257) 49,881 49,881 49,881 49,881 |
2023 £ £ 4,619 - 54,519 54,519 (2,000) (7,257) (9,257) 49,881 49,881 49,881 49,881 |
|---|---|---|---|
| 49,881 | |||
| 49,881 | |||
| 49,881 |
5
Balance Sheet - continued At 31st March 2024
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with the Companies Act 2006
The directors acknowledge its responsibilities for
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;
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(a) ensuring that the charitable company keeps accounting records that comply with unaudited financial statements for the year ended 31 March 2024.
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(b) prepared financial statements which give a true and fair view of the state of affairs of the company at the end of each financial year and its surplus or deficit for each financial year is in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as is applicable to the company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
18 July 2024 The financial statements were approved by the Board of Directors on …................................. and signed by: re
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Mr T Eckersley- Director
6
River Network Notes to the unaudited accounts
For the year ended 31st March 2024
1 Accounting policies
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1.1 Basis of Preparation of the Financial statements The financial stement have been prepared on the historic cost convention and the Financial Reporting Standard for Smaller Entities (effective January 2015).
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1.2 Income
Consists of donations, gift aid and grants.
2
The surplus is stated after charging:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Directors remuneration | 27,325 | 25,450 |
3 Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the cost of the fixed assets less their estimated residual value.
| Cost As at 1 April 2023 Additions Disposals As at 31 March 2024 Depreciation At at 1 April 2023 Charge for the year Disposals As at 31 March 2024 As at 31 March 2024 As at 1 April 2023 |
Equipment £ 8,680 800 |
|---|---|
| 9,480 | |
| 4,061 1,576 |
|
| 5,637 | |
| 3,843 | |
| 4,619 |
7