Charity registration number 1200837 (England and Wales)
GREEN RIVER TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
GREEN RIVER TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dahlia Grunhut |
|---|---|
| Steven Grunhut | |
| Charity number (England and Wales) | 1200837 |
| Independent examiner | Michael Weissbraun, FCA |
| Weissbraun Emanuel | |
| London | |
| NW11 8SR |
GREEN RIVER TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 9 |
GREEN RIVER TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
The object of the trust is to advance any purpose which is charitable according to the law of England and Wales.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake when reviewing the Charity's aims and objectives in planning future activities.
The Trust received £60,000 donation from Ockway House Limited during the year to 31 March 2025 (2024: £70,000) which is the main source of donation income for the Trust.
Achievements and performance
Significant activities and achievements against objectives
The trust has made a total grants of £84,230 during the year. The grants were all made in accordance with Trusts' objectives.
Financial review
In the period under review, the Charity made a deficit of £24,710 after making total grants of £84,230.
Going concern
Internal and external factors
The Trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not redeem any material factors to have an impact of Charity's future and going concern.
Reserves policy
It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The trust is constituted as CIO registration on 27 October 2022.
The trustees who served during the year and up to the date of signature of the financial statements were: Dahlia Grunhut
Steven Grunhut
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GREEN RIVER TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Recruitment and appointment of trustees
Recruitment, appointment and training of new trustees
It is a Charity's policy to recruit trustee when needed. The charity's elected trustees are appointed on the basis of Board's specifications concerning eligibility, personal competence, specialist skills, community knowledge and local availability.
New trustees are inducted into workings of the charity including it's Policy and Procedures, at an induction workshop specially organised for them by Board of Trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Organisational structure
The days to days activities are managed by Steven Grunhut and supported by all other trustees.
The trustees' report was approved by the Board of Trustees.
Dahlia Grunhut Trustee
Steven Grunhut Trustee
29 December 2025
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GREEN RIVER TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GREEN RIVER TRUST
I report to the trustees on my examination of the financial statements of Green River Trust (the trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the trust as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
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 to enable a proper understanding of the financial statements to be reached.
Michael Weissbraun, FCA
Weissbraun Emanuel
220 The Vale London NW11 8SR 29 December 2025
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GREEN RIVER TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 60,000 | 527,423 |
| Total income | 60,000 | 527,423 | |
| Expenditure on: | |||
| Charitable activities | 4 | 84,710 | 32,035 |
| Total expenditure | 84,710 | 32,035 | |
| Net income/(expenditure) and movement in funds | (24,710) | 495,388 | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | 495,388 | - | |
| Fund balances at 31 March 2025 | 470,678 | 495,388 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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GREEN RIVER TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Heritage assets 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities The funds of the trust Unrestricted funds 11 |
2025 £ 13,735 (480) |
£ 457,423 13,255 470,678 470,678 470,678 |
2024 £ 38,445 (480) |
£ 457,423 37,965 |
|---|---|---|---|---|
| 495,388 | ||||
| 495,388 | ||||
| 495,388 |
The financial statements were approved by the trustees on 29 December 2025
Dahlia Grunhut Trustee
Steven Grunhut Trustee
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GREEN RIVER TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Green River Trust is a registered Charity CIO organisation on 27 October 2022.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the trust's CIO documents, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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GREEN RIVER TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it 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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2 Critical accounting estimates and judgements
In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 60,000 | 527,423 |
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GREEN RIVER TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
4 Expenditure on charitable activities
| Charitable | Heading | |
|---|---|---|
| payments | #ac982 | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Charitable payments | 84,230 | 31,555 |
| Share of support and governance costs (see note 6) | ||
| Governance | 480 | 480 |
| 84,710 | 32,035 | |
| Analysis by fund | ||
| Unrestricted funds | 84,710 | 32,035 |
5 Charitable payments
Charitable payments
6 Support costs allocated to activities
| Governance costs Analysed between: Accountancy |
2025 £ 480 480 |
2024 £ 480 |
|---|---|---|
| 480 |
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.
Trustees' expenses
There were no trustees' expense paid for the period ended 31 March 2025.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
9 Heritage assets
| £ | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | 1 | April | 2024 | and at | 31 | March | 2025 | 457,423 |
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GREEN RIVER TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
10 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Accruals and deferred income | 480 | 480 |
11 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| General funds | 495,388 | 60,000 | (84,710) | 470,678 |
| Previous Period: | At 1 April | Incoming | Resources | At 31 March |
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| General funds | - | 527,423 | (32,035) | 495,388 |
12 Related party transactions
During the year, the Trust received donation total of £70,000 from Ockway House Limited, in which Dahlia Grunhut is a director. Green River Trust also has an investment in Ockway House Limited valued £457,423 in market value as at 31 March 2025.
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