orSvJn Envelope IO". A13F$7Fl63Fwa1?Cl£)78S641C Company No. . 15805952 (England and Wales Charity Registration No. . 1209232 Anil Aganmal Riverside Studios Trust Company Limited by Guarantee without Share Capital Annual Report and Financial Statements For the Period Ended 31 March 2025 -AF50OK14" A13 CpANIEs HOUSE
(lorsIgn Envelw ID.. Al3F57F16Jm7Wl7CD7alC- ANIL AGARWAL RIVERSIDE STUDIOS TRUST L•gal and administrative information Trnstees Anil Kumar Agarwal Nitesh Bipinchandra Gor Rishi Sethia Company No. 15805952 Charity No. 1209232 Registered Office CSC CLS (UK) Limiied S Churchill Place 1Qth Fthr. London. Uniled Kingdom. E14 SHU Auditor Moore lQ"ng5ton Smith LLP Chartered Accojntants 6th Fb)or 9 Appold Street London EC2A 2AP Bankers ICIC Bank UK 45 South Roal Soulhall UB1 ISW Solicitows Osbome CLarke LLP Brist BS16
Docus4n Envdope ID. A1>57FtkI63547516Ik7c71c ANIL AGARWAL RIVERSIDE STUDIOS TRUST CONTENTS Page Tnjslees, Re Independent Audilors. Report Slalement ol Financ1 ActNilie5 14 8alance Sheet 1S Stalernent of Cash Flows 16 Notes to the Accounts 17
DO9n Ert¥elope10. A13Fs7F163u75l60I?o8OD78S6I1c ANILAGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Chairman'y Stalement l am pleased to present the Trustees. RepKt of Anil Agamal RiversRle Studios Trust for the period ended 31 March 2025. Thi$ period marks a Iransformattonal peric#J for the Trust, chara¢terised by the form81 establishment of a new governance and funding framework, alongside the continuion of its Guttural and community mission. The Trust has undergone structural consolidation, including it5 charity registration. formal alignment with its principal $PWiSOf. and a febransjing to reflect its long-tefm vision and financial sponsorsp. Building on the strong legacy of RNefsi(Je Trust. the organisab"M has continued to develop ils ambition of positioning Riverside Studios as a leading ntre for arts. curture, and digital creatNtiy in London. The Trustees have worked elosety with management to stabilise operations. strengthen governance ocesses, and en$ that the Trust operates transparency. accountabilty and independence. At the same time. the Trust has conb.nued to deliver against lis charrtable mission by supporting ath'515, engaging audieftces and creats'ng meaningful communty programmÈs. Desprte a ¢ornplex operating environment, the organisation has maintained its focus on bn*temi sustainabilty. accessibility. and cultural impaGI. On behalf of the Board. I wcmjld like to thank all stakeholders for Ihwr continued commrtment and contnbution. including 5UPPQrters. partners, and staff Anil Kumar Agarwal (Ghairmanl -P4e1-
Docu9 En¥elope ID". Al57F[18J75PAl6{7cfjcO76lC ANILAGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 202S Objectives and Activities Objects of the Charity The primary obpciives of the Trust are lo advan¢e the education of the public in arts aThJ cutture. to promote engagernent in fftab.ve disciplines including theatre. music. film, drtaI media and V15ual arts." and to provide lacilth'es for recreation and communrty benefit. These obje¢lives remain un¢hanged but are now being delrvered untjer a renewed legal and governance 51ruGlwe. Mission and Purpose The Trust's mission is to.. bring arb'sts. audiences and communities together. enable access io arts and ¢uNural experiences., levèrage digitsl innovation to enhance creative ach,. and pr¢Jnole Social welbeing and indusion through the arts. Prln¢ipal Activities The principal acbvty continues to be the operalim and development of Riverside Studios. a multi. purpose art5 venue in London Key activities undertaken during the period include.. delivery of artistic programming across theatre. cinema and digitsl atf0Ml$. expansion of community engagement initlalives and partnerships.. development of arttst support mechanisms and creabve infrastructure." and enhan¢emenl of dKJrtal ¢apab1lrtS for hybrid audience engagement. The Trusl has continuekl lo evolve rts kKOgramme mix to baLince arfislic innovatitin. eommereial viability, and public engagement. Publi¢ BeTrt The Trustees confirm that they have complied wrth Iheir duty uThJer the Charrties Act 2011 to have due regard to the Charity Commission's guidance public benefft. The Trust delivers publi¢ benefft through". providing accessible cultural programme5 to diverse audiences", supporting the development of emerging and established artists., delivering ¢ommunty outreach initiatives. includiThJ educational and wellbeing programmes," and promoting inclusivty and diversrty across all areas of &ts"vty. The Trustees are satisfied that all activities undertaken during the pertsjd dife¢Vy ¢onlribute to achieving the charity's public benefit objectNes. .PagB2.
Oocus¥n EThvelDpe10." A1sF57Fts16W75l7[78wlc ANILAGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 202S Strntegi¢ R¢p¢rt Legal and StnKtural Transformation Dunng the period. the Trust compted a numbef of key structvral steps.. registration as a charitable company limrted by guarantee. estsblishment of a formal frame¥4rJrk agreement wrth Vedania Resources "MIted., completion of a name change to Anil Aga31 Riverside Studios Trust," and assumption of obligations under a novalion agreernent relatin9 to heritage funding. These steps have created a robust platform for lontemi governance and fvnding stabiltty. Stratsgic Prioritr•$ The Trustees have focused on the flOwIng key pnty"es". 1. Financial Sustainability Establishing a stable fvnding base supparted ty SpsorShIp and diversffied revenue streams. 2. Creative Excell•nce Maintaining Riverside as a home for innovatrve and high-qualty artistic work. 3. Community Engagement Strengthenin9 local partnerships and wdening a¢¢ess. 4. Digital Transfomiation Enhan¢ing Ihe ab41ity to deliver ¢Mtent drtalty and reach vitder audiences. Achievements and Perfoman¢• Creative Activitses Riverside StudKss continues to operate as a multi4isciplinary arts hub. offering.. theatre prosJu¢tKJn$'. film screenings and fesltvals". and digital aThJ hybrid performances. The Trust has also stngthened rts focus on.. supporting artists wth produetKin infrastrudwe", and providing a plarform for innovative and experimental work. Community Engagement The Trust continues to prioritise.. inclusive programming fty diverse ¢omnKJnrties: partnerships with local organisab"ons". and initiat'ves promoting wellbeing through the arts. Efforts have teen made lo expan¢J participats.on through accessible and I(-COst pr(¥Jramming. Organisational O•v•lownent Signrfi¢ant progress has been made in.. establishing govemance and poli¢y frameworks.. strengthening intemal processes and controls.. and building organisalional ¢apabdity- These developments are critical to supporting the Trust's k)ng-term ambi"ons. .P*Je3.
DLKus¥n Envek)pe ).. A13F57Ftk16347516?LW?956¢1c ANIL AGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES. REPORT FOR THE PERIOD EMDED 31 MARCH 2025 Gov¢manc•, Structur• and PlanaMent Constitutlon The Trust operates as". a company limrted by guarantee., and a registered charty in England and Wales. Role of the Trustees The Trustees are responsible for. strategic direction and over5ight', financial stewardship and accountabilrty". aTrJ risk management and governance. Trustees meet gularty to.. review performance., approve tuégets and strategy." and monitor nsks and rompliance. Relationship ith Vedants Resources Lirnit•d Vedanla Resources Limited a¢ts as". sole member of the Trust.. and key funding partner. However.. Trustee independence is fomialty protected" decision5 are taken in the best interests of the charrty.. and conflKI-of-interesi pro¢esses are stricuy follo*ed. Risk Management The Trustees maintain a $trU¢lU approach to risk management. Key Risks Identified Financial Su5tsinability Risk Dependence on funding and revenue V3th.1rty. 2. Operati<Jnal Risk. Delivery ol programmes and efflent operations. 3. Regulatory Compliancè Risk Adherence to Chanty Commission and Companies Act qUireMents. 4. Reputational Risk Stakeholder perrepbon and public accountabilty. hlitigation Measures Regular review of finanoal perfomiance. Strengthened governance and internal conlrol$. Compliance monilonng reporbng Systems. Clear separation btheen sponsof influence and charitable decision-making. Fundraising and Funding The Trust's fijnding model includes". $ponsorship support from Vedants Resources Limited." grants and donations". an¢J future 0pe foi commercial and partnership revenue.
'Oocu8ign En¥etope10.' A13F57FLk163M7W817tfj78w.1c ANILAGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES. REPORT FOR THE PERIOD ENOED 31 MARCH 2025 The Trustees ensufe Ihat". lundraising is conducted ethicalty.. no undue nsk is imposed on benefiu"arie5,' and regulatory stsndards are frjlly complied with. Financial Review Income." £2.042.802 Expendrture". £2255.$37 The Trustees have.. maintained strong financial oversight". ensured appropriate controls ar g0Vemar', and focused on long-tem finanrial su5tainabilrty_ ReseFve$ Policy The Trust aims to". maintain sufficient reserves to ensure contt"nuity', and balan operational needs wth strategic investment. Going Conc•fn The Trustees have assessed the Trusys abilty to continue as a going concem, taking into account financial p0Srtn. available fvnding. projected cash fiows and the operational environment. The Trustees have reviewed (Selailed budgets. cash-flow f¢aStS and sensiti¥ity analyses ¢overing a peciod of at least twelve months from the date of approval of these finanoal statements. The Trust benefits from a formal spMsorship and frame%bfJrk agreement th Vedanta Resources Limrted, providing a siable platfn of funding support over the medium tem. Also. the Trustees have rÈceived tonfirmation from Vedanta Resources Limrted that fiftancial support will be forthcoming for the foreseeable future, being a period of not less ihan efve months from the dale that these financial statements were approved. In addition. tre Trusl contsnues to generate income from its artistic, hospitality and venue-hire activities. and is acb.vety pursuing th'versified revenue streams including grants. donations and ¢ommer¢ial partnerships. Havin9 Considered the available financial resources. swnsor wnmitments. expected income frtsm opefations and the measures in place to manage costs and risks. the Trustees are sats'sfied that the Trust has adequate resource5 to contsnue in operkn.onal existence for the foreseeable future. Accordingly, the Trustees continLe to adopt the gowlg concem basi5 in preparing the financial statements. Future Plans The Trustees have hlentified key prnrrtie5 for the c(Kning period.. 1. Strengthen RiversKle Studios. positi'on as a Itading cullural hub. 2. Expand community and educational initiative5. 3. Increase digital capabilities and audi•nce reach. 4. Develop diversified and $ustsinable funding streams. -The Trust will continue lo pursL* a model that balances". arbstic ambition; financial sustainability", and public benefrt. .PageS.
Docusign envobpe ID. A1JF57F(>163547517CCO78564lc ANILAGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Management and executive team The Board has engaged the services of an Execub"¥e Team resfA)nsible for Ihe day-to-day management of Anil Agarwal RNerside Studios Trust. The Execub"ve operales across Ihree core functional aieas.. Operational- led by the Chfts Davis (Chief Operation Officer), a team responsible for elivering on the programme and the various revenue streams that underpin the Trusfs business model, Induding fronl-of-house. venue operations and audience $ervi¢es. 2_ Artistic- led by the Rhys Wlliamson (Programming Head}. a team iespon5ible for conceplualising and delivering the artt5b"c prtwramme across theatre, film, music and digital media. 3. 8u$inoss and Financ•- led by Evetyn Ingleton (Finance Manager). a team that provides the financial support and framevlork. systems, prO$se$ and controls that enable the Trust to deliver on ts govefnance. reporting, compliance and audit qUIrernents. Collectively, the Directors assume responsibilty for Ihe totslty of RNerside's business and report to the Chair of the Board Together the Heads ofAdministration & HR, Finance. OperatKJns an¢J Food & Beverage, they f¢mi the SenKJr Management Team. which meets fegularfy to review operational performance. monitor risks and oversee delivery of the Tnjsvs strategic priorthes. The remuneration of the Executive Team is set by the Trustees wth reference to external benchmarks and considerab'ons of fairness, recrurtment and retents"on.
Docugn Envek)p2 ID." Al3F57F[>167$I7co74Ic ANILAGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES, REPORT FOR THE PERIOD EMDED 31 MARCH 202S R•f•r•nce and A¢kninistrativ• Details Registered Company Number: 15805952 (England and wa5) Regi5t•red ChaTity NUmr. 1209232 Anil Agarwal Riverside Studtos Twst CSC CLS IUKI Limtsd S Chur¢hill PL•¢e 1 Oth Floor London Unrted Kingdom E14 SHU Sole M•mbèr Vedanta Resources Limrted Auditors Moore Kingston Smith LLP Chartered A¢countanls 6th Floor 9 Appold Street London EC2A 2AP Company secretary 5 Churchill Place. 1 Oth floor London E14 SHU .P4*7.
'Docu5vJn envelw ID. A13F57FLk1687W8767OfjoD7sSG41c ANIL AGARWAL RIVERSIDE STUDIOS TRUST TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Events Since the End of the Period There have been no significant events since the end of the financial period requiring adjustment lo, or further disclosure in, the financial slatemenls. Any relevant inlormab.on felating to P051-yearond events is disclosed in the notes to the financial statements. Statement ot TrustÈÈs' Responsibilities The directors are responsible for preparing the annual retK)rt and the financial statements in accordance wrth applicable law and wulatKJns. Company law require5 the director5 to prepace finanoal statements lor e8eh financial peii¢xl. Under that law the diredors have electeij to prepare the finanoal statements in accordance with United Kingdom Gènerally Acceptèd Accountin9 Pfactice (Uniied Kingdom Accounting StarKJards and applicable lawl. UrKJer company law the direciors musi not approve the f1nancial statements unless Ihey are sabsfied Ihat they give a true and fair view of Ihe state of affairs ol ihe company and ol the profit or loss of the company lof that riod. In prepariny these finanaal ststèm*nts, thè director5 a required lo= select suitsblè a¢countirvJ pdictes and then apply them consistently". make judgements and aGGounts"ng eslirnaies thal are reasonable and prLtdent,' state whether applicable UK Accounkn"ng Standards have been followed. subjecl to any maierial departures disclosed and explained in the financtral statemenls", prepare the financial slatements on the going concern ba&$ Un$$ It is inappropriale to presume that Ihe company will continuè In business. The dirèctors are responsibl8 lor keeping adequate accounting cecords that are sufficienl to show ancs explain the company's transachons and disclosè with reasonable accuracy ai any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They a also re5ponsit4e lor safeguarding the a5set5 of the company and hence for laking reasonable steps for the pvents.0n and delec11 of fraud and other irregularities Disclosure of information to auditor Thè role of thè external auditor is to Provide an iThJependent and objective assessment of a companls financial 5talements. ensunng their accuracy and compliance with relevant regulations. Each of the Fersons who are Trustees at the time when this TNstees' wort is approve(I has confirmed that: so far as the trustee is aware. Ihere bs no relevanl audit informatNJn of which the companys auditor is unaware". and the trustee has tsken all the steps that oughl to have been laken as a direclor in order to be aware of any relevant aLvJit infomwtK)n and to establish Ihat Ihe company's audiior is aware of that inlormation Report of the Truslees. approved by order ol the board of trustees. as the company director5, on 2516Q026 . and signe(l on board's behall by ". Nitesh Gor Trustee
Oo¢u5ffjn Envelwe ID". A13FS7FI6J>8?sul6rTErD781c ANILAGARWAL RIVERSIDE STUDIOS TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AMIL AGARWAL RIVERSIDE STUDIOS TRUST FOR THE PERIOD ENDED 31 MARCH 2025 Opin•on We have audited the financial 51atemen15 of Anil Agarwal Riversbje Studios Trust I'the company'l for the period ended 31 March 2025 which ¢omprise the Statement of Financial Aclivilies in¢luding the Income and Expendrture Account. the Balance Sheel. the Cash Flow Statement and notes to the financial stslements. induding signifunl accounting pol$. The financial reporting framework that has been applied In their preparabon is appIable law and United Kingdom AuntIng Standards, including FRS 102 'The Financial Reptyiing Standard Applicable in Ihe UK and Republ of Ireland. {United King¢J¢)m Generally Ac¢epted Accounling Practice). In our opinion the financial $talennIS.. 9ive a true and fair view of the state of the ¢haritatAe ccKnpany'$ affairs as at 31 March 2025 and of its in¢omirbg resources and application of resource5. Induding its income and expenditure, for the penod then ended", have been propedy prepare<1 in accordance wilh United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance wrth the requ1mentS of the Companies Act 2006. 8asis for opinion We ¢ondu¢led our audrt in accordance wth Intemalional Standards on Audiling IUKI IISA5 IUK}l and applicable law Our responsibilitiès under those standards are further described in the Auditor's Respon5ibilibes for the audit of the financial statements seth'on of our report. We are independent of the charrtable company in accordance the ethi¢al requirements that a relevant to our audit of the financial statèmenis in the UK. including the FRC'S Ethical Standard. and we have fvlfilled our other ethical responsibilities in a¢cordan¢e wth these requirements. We belve that the au¢Jil evidence we have obtained is sufficient and appropriate to Pfo¥Hde a basis foi cNJr opinion. Conclusions relating to going conc•rn In auditing the finanrial ststements. we have concluded that the tru5tee5' use of the going concern basis of accounting in the preparatKn of the finan¢ial statements is appropriate. Based on the work have perfomieij. we have not identsfied any material uncertainties relating lo events or condrtKJns that. irKlividually or cdleclwely, may cast signffi¢ant doubl on the ¢haritabSe cornpany's ability lo continue as a going concern for a of at least itlve months from when the ffinan¢ial statements are authonsed for issue. Our responsibilities and the responsibililies of the tru5tee5 with respect 10 90irJ concem are described in the relevant 5ec*'ons ol this report. Other infomiation The other informatitin compidses the inforMatn included in the annual report. other Ihan the financ1 slatemenis and our avdilor's report thereon. The trustees a responsible for the other informaiion contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly staled In our report. we tJo not express any lorm of assurance conclusion thereon. .Pa929.
Doj$j EvÈkye10 A13Fs7Fcl63?SI6(k7079w1c ANILAGARWAL RIVERSIDE STUDIOS TRUST INDEPENDENT AUDITOR'S REPORT TO THE AIEMBERS OF ANIL AGARWAL RIVERSIDE STUOIOS TRUST FOR THE PERIOD ENDED 31 MARCH 2025 Our responsibility is to read the other informatN and, in doing so. cOnser whether the other information is materially Inconsistenl wth the financial statements or our krK)wledge obtsined in Ihe ctsurse of the audrt or otherwise appears lo be matenally misstated. If we idenltfy such material inconsistencies ¢y apparent mwial misstatements. we are required to determine vhether there is a material misstatement in the financial statements themselve5. If, based on the work we have performed. we conclude that there is a maierial misstatement of Ihis other 10mlab.0n, we are required to rewi that fa¢t. We have nothing to repNt rn this regard. Opinion$ on oth•r matters prns¢rib¢d by tho Compani•s Act 2006 In our opinion. based on the wtyk undertaken in the course of the aLpJil. the information geft in Ihe trusteès. annu report for the financial period for whi¢h ihe financial statements are prepared is conwstent the finantyal $lements', and the trustee$. annual report have been prepared in accordance with applicable legal reqU1Ments. att•rn on which w• arn requir•d lo r•port by exception In the light of the knovAedge and understanding of the company and ts environmeni obtaineil in the course of the audr(, we have not KJentthed material misstatements in the trustees, annual report. We have nothing to reprt in respe¢t of the follwng matters where the Companies Aet 2006 requires us to report lo you if, in our opinion". adequale accounting records have not been kept. or retums adequate for our audit have not been received from branches not visrted by us". or the financial statements are not in agreement vthh the accounting e0rd5 and retums.. or certain dis¢10sure5 of trustees, remuneration specffied by law are not made". c we have not received all the inf0matn and explanation5 we require lor otsr audit. or the Iruslees were not entived to prepare the financial statement$ in ac¢or¢Jance with the small cornpanies regime and take advantage of the small COMpanS exemption in prepaiing the trustees. annual report and from preparin9 a strategic report. Responsibilities of truste¢s A5 explained more fvlly in the trustees, responsibilth.es statement, trustees (who are also the directors of the ¢haritable company for the puSeS of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a irue and fair view. and for such ternal control as the trustees detemiine is ne¢essary lo enable the preparatK*n of financial statements that are free from material misststement. whether due to fral or error In preparing the financial statements, the Iiustees a responsibfe for asse55ing ihe charitable company's ability lo continue as a going concern. disclosing. as applicable. matter5 related to going ¢oncem and using the going concem basis of accounting unless the trustees either iniend to IKJuidaie'. the charitable company 01 lo cease operations. or have no reali5tsc aliemakn.ve but to do $0. -Pa3e10-
Docusiyn En¥dwe ICJ.. Al3FS7FI6S?5I6[1lj78s641c ANILAGARWAL RIVERSIDE STUDIOS TRUST INDEPENDENT AUDITOR'S REPORT TO THE PAEMBERS OF AIIIL AGARWAL RIVERSIOE STUDIOS TRUST FOR THE PERIOD ENDED 31 MARCH 2025 Auditor's Responsibilities for the audit of the financial statemtnts Our objethves are to obtain reaSonae assurance about whether the financial stslemenls as a whole are free from material misstaiemen( whether due lo fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conducted in accordance with ISA5 (UK) will afv4ays detecl a material misstatement when il exists. Misstatement5 can arise from fraud or eor and are C0nsK1eIy material rf, individual or in aggregate, they could reasonably be expe¢te¢J to irtfluen¢e the economic decisions of users taken on the basis of these financral statements. AS part of an audit in accofdance wth ISAS IUKI we exerase profeYsn31 judgement and maintain professional scepti¢ism through1 the audrt. We also". Identify and assess the risks of materia5 misstatement ofthe financial statement5, whether due to fraud or error. design and perform audrt procedures responsive to those rtsks, and obtain audit evidence that is suffiaent and appropriate lo wovide a basis for our opinion. The risk of not detecting a material misstalemenl resulting from fraud 15 higher than for one resulting from error, as fraud may invOe collusion, forgery, intentional omissions. misrepresentations. or Ihe ovemde of internal control. Obtsin an understanding of internal control relevant lo the audrt in order to design audit procedures that are appropriate in the circumstances, but not for the purpose$ of expressing an opinion on ihe effectiveness ol the charitable CpanY'S iniernal control. Evaluate the appropriateness of accc¥Jnting policies used and the reaSOnabnesS of accounting e51imale5 and related disclosures made by the tru$tee$. Condude M the approw"aleness of the trustees. use of Ihe going concem basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related lo event5 or condth.ons that may cast significant doubt on the Charitable company's aLIty to ¢ontinue as a gthng concem. If we con¢lude that a material uncertainty exists, we are required to draw attention in our audrtor's ieport to the relatetj disclosures in the financial statements or, rf such disdosus are inadequate, to modify Ouf opini<M). Our ¢on¢lusions a based on Ihe audit evidence obtained up to the date of our auditor's report However. future events or conditions may cause the charrtable company to ¢ea5e io continue as a going ¢oncem. Evaluate the overall presentsbon. Structure and content of the financial stalemÈnls. including the dis¢bsyres. whethw the financial ststemenls represent the underlying tran$actiorv4 and events in a manner that achieves fair presentalion. We ¢¢ynrnunicate vrith those tharged th governan regarding. among other matters, the planned s¢ope and bming of the audit and 519nifficant audrt findings. including any snifiCant deficiencies in internal contr that idenlrfy dLKing our au(Jrt_ Explanation as to what Èxtent the audit was considered ¢•p•ble of d•tscting irr•gulariti8S, including fraud Irregularities, including fraud, are instances of non-compliance wth laws and regulations. We design procedures in line wlh our responsibilrties. outlined above, lo dete¢t material misstslemenls in -P*Je11-
DrKusign En¥¢pe ID.. Al3F57Ffh163>875U167DOC?85641c ANILAGARWAL RIVERSIDE STUDIOS TRUST INDEPENDENT AUDITOR'S REPORT TO THE IAEMBERS OF ANILAGARWAL RIVERSIDE STUDIOS TRUST FOR THE PERIOD ENDED 31 MARCH 202$ respect of irregularities. including fraud. The extent to vthich our procedures are capable of detecting irTegularities, Including fraud is detsiled below. The objectives of our audit in respect of fraud. are. to hlentify and assess the risks of material misstatement of Ihe finan¢ial statements due to fraud", to obtain sufficient appropriate audit eviden vegarding the assessed risks of malenal mi5slatement sjue to fraud, Ihrou9h desnIng an(J implementing appropriate responses to those assessed risks.. and to respond appropnalely to instances of frnud or suspected fraud idenb'fied t1uring the audit. However. the pnmary sPonSIbl11ty for the prevention and detection of fraud rests wilh both mana9ement and those charged governance ol the chafrtable company. Our approath was as folh)ws". We obtained an understanding of the legal and regulatory requirements appli¢able to the charitable company and considered that the most siynthcant are the Companies Act 2006. the Chanties Act 2011. the Chanty SORP. and UK financial porting standards as issued by the Financial ReportiThJ Counul We obtained an understanding of how the charitable ¢ompany complies wrth these requirements by discussions wth managemeni arml those chafged wrth govemance. We assessed the risk of matenal mi5Statement of the finan¢ial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discu55ion5 With management and those charged wth goveman¢e. We inquired of management and those tharged wth govemance as to any known instances of noTrTrcompliance or suspected n(•complIan¢e wrth law45 and regulats"ons. Based on this understanding. we designed specific appropriate audrt procedures to idenb.fy instances of non-compliance wth laws and regulations. This included makin9 enquirie5 of management and those charged wrth govemance and obtsTrning additional corroborative evidence as requi. There are inherent limitations in the audit pfocedures described above. We are bess likety lo become aware of instances of non-complonce wrth law5 and regulations thal are not closely related to events and Iransathons reflected in the financial statements. Also, the risk of not detecting a material In155tstement due lo fraud is hvJher than the nsk of not detecting one resulbng from error, as fraud may involve deliberate concealment by. fof exarnp, fgery or intentnal misrepiesentations, or Ihrough collusion. -P¥12_
.Do¢usigrn Envebpe ID. Al3F57FI6J7517[7tsw1¢ ANILAGARWAL RIVERSIDE STUDIOS TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OFANILAGARWAL RIVERSIDE STUDIOS TRUST FOR THE PERIOD ENDED 31 MARCH 2025 Us• of oui report This rekX)rt is made solely to the charitable company's members. as a body. IA acwfllance with Ch8PtÈr 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken $0 thal we might stale to the company s members those matters we are requi to stale to Ihem in an auditor'5 port and for no other purpose. To the fullest exlent permitted by law. we do not accept or assume esponsibility to any party other than the charitable (x)mpany an¢J charitablè corrwny's members as a body, for our audit work. for Ihis report, or for Ihe opinions we have formed. James Saunders (Senior Statutory Audrtorl Date.. 251612026 For and on behalf of Moore Kingston Smith LLP. Stabjtory Auditor Appold St, London EC2A 2AP -P•JE13-
Docusvjn Evelopel0." Ay3F57Fl68?5l7Cc7O56¢le ANIL AGARWAL RIVERSIDE STUDIOS TRUST STATEMENT OF FINANCIAL ACTlVtTIES IINCLUD14G INCOME AND EXpENDuRE ACCOUNTI FOR THE PERIOD ENDED 31 MARCH 2025 Unrnstricted funds g•neral 2025 Total 2025 Income from: Donations and legacies Charitable activtitses Other trading acliwls Investments 145.013 1.133.232 763,554 1.003 145,013 1,133,232 763.554 1.003 T¢Aal Income 2,042,802 2.042,802 Expenditure on: Rwsing funds.. charitab activitres." 2,255,537 2,255,537 Total resources expenditure 2.255,537 2.255,$37 Net expenditure befor• transfers (212,7351 1212,7351 Transfers Net Movement in Funds for the pertod 1212,735) 1212,7351 Total funds at 27 June 2024 Total funds at 31 March 102S 16 1212,735 The slalement of financial acliwties includes an gains and tsses re¢o3nised in the period. All income and expendriU demie frrrfn ¢AulAg actsvibes. The Staternent of Finanal AclNities a150 complEs ¥ryth the Wu1ments for an income and expenditure account under the Cm)panies Act 2tx)6. .P14.
Dc¢us4Tr Envdcye ID.. A13F57F162m78If0>FCfj(xI781C ANIL AGARWAL RIVERSIDE STUDIOS TRUST BALANCE SHEET AS AT 31 P41ARCH 2025 2025 Notes Fixed Assets Tangible assets Intangible fixed assets 10 11 10.346,611 10.346.611 Current Assets Stocks Oebtofs Cash at bank and in hand 13 12 20,514 483,752 445,114 949,380 Creditors Amounts faling due wthin year 14 {1.108,7261 Net Current Assets 1159.346 Total ass•ts less current liabilities 10, 187,265 Creditors. Amounts falhng due after m¢¥e than one year 1S 110.400,0001 Nel Liabilitie$ 212,7351 Fund$ General 1212,7351 1212,7351 The financial statwnenls w•re approved by the Trustees on 2516r2026 FDIFjFc>Il.. Nitesh Gor Trustee Company Regislration No. 15805952 -Pa¥)S.
. Docusun Env•knpe ID". Al257F163$7w817ro7os641C ANIL AGARWAL RIVERSIDE STUDIOS TRUST CASH FLOW STATEMENT AS AT 31 MARCH 2025 2025 Notes Bh from O eratin aclivities Cash generated from operatson5 460.645 Investin activities Purchase Df IntangitAe assets Purchase of tarKJible fixed assets Proceeds on disposal of tsngible assets Inlerest inwne 110.414.5281 {1.0031 Net Cash used in investing xtivit 110,415.5311 Receipt ol loans Repayment of LK•rrov•ings 10,400,000 Net Cash used in financing activilies 10.400,(OJ Net increase in cash and cash equivalents in the financial period 445,114 Cash and cash equivalents at the Ixginning of the financial period Cash and cash equivalents t the end of the rinancial period 445,114 -P4tl6-
DotsJ5¥n Envebpe D." A13F57F163m7SFAl6r7E(7o5641c ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEIIEIITS FOR THE PERW)D ENDED 31 IIARCH 2025 Accounting pditie Company infomution Riverside Studios Ttusi 4 th4rkfe c(Thpany tynited by guawthe inworated in EnglaThY Wales. Th2 registed office is. CIO Csc Cts (Uk) Lwnited 5 Churchill Plxe, 1LYh Fkn. London. United 9&. E14 SHU. 1.1 Accounting ¢ofiv•ntion The fancial statenEnts have teen kwafed • acCOan(e ihe Companies kt 2C(6. the Charils Act 2011 and "Accwnting and Repor&ng by 0re5". statni of RecL1vnen( PraCts appfficae to carities prepanNJ their accounts irt accordance th the Fi1 RepNting Stsndard arwlicable m the UK and Re< of Irel8nd IFRS 1021- leffecb¥e from 1 January 20191. Tl (hanty $ a Pubk 8enEfiI Entity as tkfirEd by FRS 102. The fwancial ststements are prepared in 51ethroJ. thich the fiThYM)rwl cwrTncy rf lh• charity. mone affw)unls in these rinanoal statements arp roun¢Jed to tre neareslL The finanryal s¢aterrwfs ppad uththe ¢ost ¢onv¢nbM. The prirt4J)al atLvntiryJ poli¢i¢s adopted ore xtotst belaw. AccomUn9 Pwiod The finarKial 5ldtements have been prepared ILY the ¢ountsng pentyj from 27 Jur 2024 to 31 Marth 2025. This is a short accowting penc¢J as it eSents the peTr from irKwwation lo Ihe cthosen year end. 1.3 Going toncem The TrustEes have asse55ed Ihe Twsvs lo as a gc¢ng concern, I9 into account its fantya1 poSthC, a¥aikb18 funding, prqected c35h fknws ar#J the Lwats¢)n enwonmenL The Tru5tÈes have tevwed detai tgets, ISoW forecsis and ana co¥erAw a ai 3$1 mtyiihs frr the of appwval of these rinanoal slalement5. The TfUSI beIlts frtyn a ttym81 sponsNthip aThl IramEryk ayreefflwl Vedanta Resou5 Liniled. yovpdirrtj a stae plaiform of fund9 SUFfth over Ihe m&lium temi. A0. Ihe Trues have tel¥e cOnfvm8n from Vedants Resourtts LirnilEd that financial suwcrt will t fLwthckTrg fu the f¢xeSeeae fuiure. being a perd al not th than h4tfve months from the dal¢ th41 these finanryal 51atewts re approved. In addition. the Trust continues genErdle Income fri)m art&1. hospitality and venutrhire acts¥th5. and Is acb¥ te¥er strewns Irthdir9 grants. donat¥)ns and commeroal partnershw. Having CWSklered ts avail8W fiTranc resourtes. SpOrr crynmthents. eyrJed rtame frrffl op¢ratK)n5 and the me35urès in place to mana3È costs and n5ks. the Truses are satisftd the Trusi h85 •Yequate resourcts to continue in operat#)nal ere fv the fose2aLlE fuiu¥e. AccudiThJty. the Trustees to adopt the gtyr¥J cancern basis in preparing the fianri41 Stalen15.. IJ IncomE Inrne 15 recogntswy th¢ Staterrwl of FirwKJal Ndmbes L¥ice the ha6 ents"tknwt lo ihe lunds. probab th the Income ceNted an¢J the amounttan be Measu reli4bi¥. D¢on5 are accoynted as receiwed by the charity. Incone r& deferred when it Is sFerJfIGty related lo fulureac£ounlng p¢riods. 1.4 Eipendituve Liabilitie5 are recogn1 as reswrce5 evnded as sow as Ithe L8 a gal or cc¥)StrucbYe c4)mmKw the tharty to Ihe expendilure. Wl resouices e4)ensed we aCcled an LS ba%& 1.5 Allouts"on ol support ¢08ts Support costs are allocated fvndraing. chartabk ach. 1.6 Tao9ible Fix•d Asvts T8ngib fued assets are Initia rneasufed al t4JSI net of (jeryecja¢ and any unpairment ID55e5. DepatIOn Is recognised so as wite off Ihe t05t ry valuation of a55efs *55 their 541 v¥bxs over their useful b'ves on the fdbwing b¥ses". Buikjing Improvets- Shell 8 Ccrft 8uikling Impiovements. Fitl Buikjing ImproveMts- Chent Direet Buibjing Improveffenb- FF&E Capital OevetDrmenl- Cnema tJfict Equiprnenl Catering Equipment SludK) Equiprnenl Cxher Equipment strab3ht thne 4% straKJhl 10% stratyjhl Ime 20% stra4hl line 2% Stsawjhl 33.33% slraighl hie 20% strai9hl Ime 20% stravjhl kne 20% stravjhl
DocJJsion Envehipt ID". Al3FS7Fr163s41I6fy7c007a564Ic ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEIIENTS FOR ThE PERIOD ENDED 31 IIARCH 2026 A¢counting pollci¢s {conn¢d) 1.6 Tan9lble Flxed A55ets The gain or loss arising on the distt)sa of w asset ¢s deterrnined as Ihe thffweKe beh¥een the s pweds and Ihe carrying value of Ihe asset. is posted in Ihe statem of finCial acliwbes. 1.7 Irr4)almient of fixed assets Al each repornng perK)d end date. Ihe cjjmpany ¥ev¥S the carwn9 amounts of rts tangitit a$sths to deternine whetherthere Is any Indicabon Ihai Ihose assets have suffered an irnpairment knss. If any such indicon e$1$. the reerab amount oflhe asset is e5tirnaled In rKder lo deterFn1ne the exni of the irnpairment10ss lif any). Wkere It is not possble to esbmate the recoverable arrKunt dan inthwthjal asset. the entty esb"mate5 the reco¥erat amwnt ofthe £3sh-gerwaling unil lo bvhith Ihe a55et bengS. Recoverabk arrojnt is the higher of tsr vaue less costs ro seN. and Wdlue in use. In asses51ng value In use. the estirnated future tash flows are discounted 10 Iheir we5enl vafue USLrwJ a prtrtsx dIscoLt raie that relleus current rnarkei assessments ufthe tine ¥ae of mNey and Ihe risks 5pecifKto the asset the estimates of fiJture cash lknvs have not been adiusted. Ifthe recovw&Ye amount of an asset cawenerating unrtl is e$b"mated ro be fess Ihan rts rryIng amowt. Ihe crng amount of the asset (C $h 9enerabThJ unrtl Is v¢ed 10 its recA)verae amcwJnl. An Impairment $$ is Cognised mediatety In the slalernwl of financial activity, unle5$ the rewdnl 355el is al a waueLI arnnt. in which se the irnpa1mnt Ioss 1$ treated as a re¥ahJab"w decTr35e. REU)gnised Impairment kjsses a erSed if. and If Ihe reasons Ihe impaim)ern loss have ¢easEd to appty. Where an impairrnent loss svbsequarty VerSe$. Ihe catin9 amwni ol the asset {ccaSeTheratIng unit) 15 iKrea$ed to the rewsed estimaie of its recovwabk arnounL tojt so thalthe Irased catrwry amount does exceed the cafrying amwnt Ihatwcwl(f have been detsmned had k)ss been recogrmsed fcrf the asset ILV cash-generaDng unit) in prior years. 1.8 Cash •1 Bank and in hand Cash ot bank and in hand are bayc asset5 and Incknje (ash in hand. dewsits tKI ai call wilh banks, olher 5hort-term liquid investments wth original MariDeS of Ihree n[h5 or k$s. and bank overdrafts. Bank overdrats are shown wilhin bOrrOS In current lia"11S. 1.8 Fin•n¢lal in$truments The company has onty bagc finwoal instrunents measLxed * arnrbsed cos( th financial instrum)ts dassified as Olher, or basic instruments measu at fr value. 1.10 Employee benefits The costs ol shcrt4erm efflee beneffts a re¢ogruswJ as a l• and an eypense. 1¢$$ th08e $t9 a Ul(l to be reco9n15ed as part ol the cost ol sioc or fixed assets. The cosl of any unused holkjay erthrnent is rwrlsed fft Ihe int•hch the eryjbyee's se are ftr*ived. 1.11 Retirement benefrts Payn)ents to dered C(bubOn etiment teneft 5cheffles are (tsged as an expense 85 they fall due. 1.12 Leases Rentals payatle under operabng leases. uKknlin9 any IEase jincenbves reCed. are charged to t(me on a straighl kne ba515 over the terrn of the revant le8$e except where anothef more systemabc bass Is repre$entalTrve ofihe lime pallem in which economic benefits trorn the leased asset are conSned. .P•Je18-
Do>Jsign Envelope IO". ATJF57Fl53$7w1?o6CO78W1C ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEMEPnS FOR TrIE PERIOD E14DÉO 31 MARCH 2025 Accountlng po11¢it$ Icontinuedl 1.12 Leases l¢ortinu•dl Rental ine from operating aseS is recc#Jnise¢ on a str4ht-kne ba5E Dverthe term olthe rele¥ani rease. Initial th'rect costs IncL In neg¢JtiatiTrJ and arrangiry an OFef8t'ng kase are &Y¢Jed fo the carrying amouni of the kased asset 8nd recogni5ed on a straight-line basis over Ihe kase temi. 1.13 Government wants Government grants a recogni5ed ai the far value of the 355et rec•¥ed recwvat4e vthen there is reasonable aSsUrare that the grant tonditscns VA t mei and Ihe grants be rec¥ed. 1.14 Fund accouffling GeFRral funds are wire51Fided f1$&ch are use at Ihe di5crebcffi of Ihe Tw51ees in fvrtherance ofthe general rA)ieuNe$ elthe company whith have not been ¢Jesignate(J for otrw purwses. 1.15 Taxation The Company is a registwed as is entilled to exwTylw laxation ts ¢0[itab actNiiies under the Cowrabon Tax Act 2010. 1.16 Stock Stccks are 5tsted at the lower of cc6t r1 reatsable Costs indLNJe al dwect Costs incuThed in brirying the sloth to Ihe wesent ation and crtI. Nei a"sable value is based on esbmaied selling prKe le5S 8Try ftjrther costs expected to be incurred lo comFletion. At each reFQrttw date, an asses$menl is made for impaitrnenL Any Exce55 01 the carrwng 3rnount of stocks over ils eslimale¢J seling price less cosrs to cixnplete aThJ sd Is reccgnised as an Irrpairment k)ss in yofit or b)ss. Reversals of Impairmert losses a150 recowised profil km. l Judg¢ments & Estimation Uncertainty In the applrats'on of Ihe companls ac£ountmg polir3es, the d1ClOr5 a required to rnake judgements. estimates and assumpih)ns about the calrying amount of asset5 and liabiiffje5 thatare not readity apparent from Other SrCeS. The estimes and a5500ated assumptions are based on histuKal exwerKe other la(Xor5 that a considered to be relevant. Actual resutts may ditter frarn these esbmate5. The estsmates and und2tyTrJ assurnptsons are re¥ived ongoing bass. Rewsicffjs tounting eth'rnates are recognised in the period in wCh the esbmate is w5ed fiere ihe re¥iS1 affects oily Ihat Fewd. or in the perK)O of the evisicn and future peri$ where Ihe fevi5ion affects both txjrrent Ivlvre per05. The fclk7••ng ju¢gements have had Ihe nwl efleol arnoJnts recognised in Ihe financ4al statements.. Oepreclatlon ¢akulatyon5 The directors have ènLKaled Ihe cost of the r2pital redeve1cprnt woiect of Ihe buikn"ng acmss Ithfferent areas of the tIlding by reference to square foo13ge. Oepreoab'on co each se(w has been calcL4ated based on its estimated useful life. The Dwectors a¢knOge a thfkreni re ftwjht ha4Y been obtawd had an atrrnative metwdogy t*en adowed. Fixed Assets Values The mosi 5ignificanljudgemenl Fektes to Klentifration and measwerneN ofthe assets an6 liaiybbes acouired rm the acquisits of the tHjneSS of Riversde TJust lunder administrabcnl 01 Octoter 2024 The assets acquireLI viere reco9nised at their lairvalue5 at Ihe date of acquisition. based on maDagement's assessment ol the Infemiation avaltae at that date. .Pap19.
OotJJswJn Enyelcpe IO" Al2FS7F16315ul1(7Vth41c ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENOED 31 MARCH 2025 Income Donation & Lègacies Unrestrict funds general 2025 Total 2025 Donation & gifts Grants ceIv•ble 125.922 19.091 125,922 19,091 145.013 145,013 Charitablo activities Unrestricted fund$ 9eneral 2025 Total 2025 Studios. pr¢xluctKms and events ¢)Ire nt and seNice charge 393,932 739,300 393,932 739,300 1.133,232 1.133,232 Other Trading A¢tivitre$ Unrestri¢l•d funds general 2025 Total 2025 Food and beverages Catering 758.533 5.021 758,533 S.021 763.$54 763,554
Oocv5wJn Envekfe IL). A13F57Ffk163M75UY775641C ANIL AGARWAL RNERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENOED 31 MARCH 2025 6 Charitable Aclivities Dlr•ct Costs Support Costs 2025 2025 Total 2025 Ffonl of house and box office Sludios, pu"{)n$ and events Catefing Building costs 442.226 135,686 330.277 452.849 290.639 89.175 217,064 297.621 732,865 224.861 547.341 750.470 1.361.038 894.499 2.255.537 7 Swpport ¢ts Total 2025 Stsff costs Other staff cost Bad debt IT and website cost Travel & SubsiSte markekn.ng l)ffice and administration costs 577.025 23.286 346 61,895 555 32,503 159,256 854.868 Governance costs Audit and AccoJntanty Fees Legal and Profe531ral Fees 24,400 16,231 894.499 8 Trustees None of the Trustees lor any persons connetted ¥th thwnl rKeNed any remuneration in the current year. .P•)e21-
Orfcusign Envdcpe ID.. A13F57Fl163s475u1fjf7fjOD?O5s41c ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENrD 31 MA¢H 2025 9 Employees Number of ernployee5 2025 Permanent siaff Casual Slaff 20 60 80 EnFploym•ni Costs 2025 Wages arbj Sabries SOCI Securty costs Other pension costs 894,840 81,978 15,413 992.231 The number ol employees whose annud MuneD T$ £ l.cO) or more %¥we O. The Charitls Key Management peCE1 the Board ofTrnstees. IIE Exectrtives Team the Sen Manasement Team. Total benefits receNe(l ty Ihe ExeDJtives and Senior M8na9ement Team in the period amunled to £134.268.The Trustees received £0 In remunerat)n in the penod. Included r wag85 and saL4ries ave twminalxjn p4Then15 of £43,333. .Pap22-
DotyJ$4n EnveknFe ITr. A13Fs7FLl679u1G7[v•7¥s6l1c ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOO ENDED 31 MARCH 2025 10 Tangible fixed assets Freehold Building Plant & Equipment Total Cost or valuation Beginning of the penod Additions DisFwIs 10.062.474 352,054 10,414,528 At 31 March 2025 10,062.474 352,054 10.414,528 Depreclatlon Beginning of tr£ period Charge for Ihe period Eliminated on disposal 50,293 17.624 67.917 At 31 March 2025 50.293 17.624 67,917 Net book values At 31 March 2025 10.012.181 334.430 10,346.611 11 Intangible fixed assets Goodwill 2025 Cost or valuation 8eginning of the period Additions At 31 March 2025 Amortisation Beginning of the peri& Charge lor the rIOd Impairment At 31 March 2025 Net book Values At 31 March 2025 13 Stocks 2025 Stock 20,514 20.514 .PryE23.
Oocus4h En¥¢ve ID. A13F57F[1535875ul6fy?r(K17856¢IC ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCiAL STATEMENTS Fcrfi THE pED ENDED 31 MAA¢H 2$ 12 Debto 2025 Trode debtts epaymenls and IlYr Other deblUS 233.642 237.213 12.897 483.752 13 R¢tlrem¢rt sthwn•s Defined contribl¢n 5thqmes The chanty operate5 8 defi contsyJtw Eension scheme lor814uatyry The assets ofthe scheme are 5eparaiety from Ihose of ihe chanty in IepeThjenty adminstered lund_ The charg• to Statement of Financial £bleS Il re¥Éet dEfird (pe0 cost51 was £15.413. 14 Creditarn". amounts lalling due within y 2025 Trade Credi1ry5 Other Credil¢vs Accruals and deferred irKome VAT Iiabty Othei laxaliull socknII security Persion Payable5 444.956 355.702 151.553 139.843 8.672 1,108.726 15 Cr•ditOVS." am¢$14g o¥ar 0Y&)r 2025 ounl duE lo parent undertr 10.41X).IYJD 10.4rK).000 The -terM labithty iepresent a serAKe¢ term loan Irrn Veda•la Resources Lyniied. the tharivs SO rnerTthI. wilh a mamvnurn lacility of £35m, of which £10.4m had been dra at Ihe repornw da. Tne &)aTr d5 entered Inte on 22 October 2024 to finance the aC4L10 of IhE bus1ness aTrJ assets of Rw5vJe TnJ51 (in adminL5trathonl. induding the RIrSide siudios propety. The faolity cAirs inresi ai 2.25% perannurn. no inrest accnJitYJ fof Ihe firsi 24 months follomng the inthal dra10n The IDan secured by a legal charge over the a$ehd Interest In RIveIde stud5. RepaywerA ol the loan due M ¢Jern•J eailier lh frye year& and no laler than firteen years fvorn th2 date of first ulibsaOn. 16 Funds lloTren1 In Futhjs In¢ome rter4und TAn5fvs 8aLirKe aE 31.03.2025 27.06.2024 Expenditur• Unre51ricted Fund. 2.042.802 12,255.S371 1212.7351 IIM7,802 212.7J5 -P*24-
Docus4n EThvelope10.. A13F57F[>16S87SIÉ175s41c ANIL AGARWAL RIVERSIDE STUDIOS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2025 17 Anatysis of net assets b814veen fvwKIs 2025 Total Funds Genernl Fund5 Fund balance5 at 31 March 2025 are reprE5ented by.. Inta5ble fixed assels Tangible assets Current asse1511liat#'htie51 l Nel cvrrenl assets Long temi liabih.ties 10,346.611 1159,346 10,346,611 1159,3461 110.400.0(M)I net assets at 31 marth 2024 1212.735 212,735 18 Cash generated from operations 2025 Net movement in fiJnd$ fty the per Adjustsnents for: Deprecialion of prop. ant and equipry1 Amorti5alw ol intangille fixed assets Interesl Irrne Ilncreaselldecrease in Stocks Ilncreaselldecrease in Irade and other debtors Increaselldecrease) in Irade ond ther crethiO(S 1212.7351 67.917 1,003 120,5141 (483,7531 1,108,726 Cash gen¢rate(I from operniion¥ 460,645 19 R•l•t•d Party Tran$a¢b"on$ During the period, the tharity enlwed into a loan a9men1 wilh Vedanta ReSoUrS Lirniled, the chwills sole mernker. under a seojred sterting term loan laolty of up to £15m. The kian agreemeni was entered inio on 22 October 2024 10 support the acquisiti of Ihe buwes$ and assets of RNerside Tru4 lin adminisirationl. induding RiversiLle Studios. together with associaled WLKking capital and capital expeThdire reouirements. At Ihe rep¢Ing date, £10.4m had been drawm and MaIned outstanding. The faulity bears interest al 2.25Yu per annum, 1h no Interest acuuing during the first 24 months initkal utrlisabon. and 1$ seced by a lega charge over Riverside Studios. During the period, the charity also received an unre$tricJed donatic of £100.(AYJ from Vedanta Resour$ kn'mited. In addilian. the charity invOd Vedania Reswrce5 tsmited £13.385 in fellqiion 10 events held durin9 the perio(l. Of £4.805 had been receiveLI by 31 March 2025. leawThJ an amwnt tjue from the reb#ied paty of £8.580 at the period end which wa5 seltled in full after the period end. .P*JÈ2S.