2021-04-05-accounts

Contents
	Reference and administration
Page:
1-4	Report ofthe	trustees
	Independent	examiner's	report to the trustees of Riverside Charitabie Trust Limited
	Statement of	financial activities
	Balance sheet
8- 14	Notes forming	part ofthe	financial statements

Reference and administration	Reference and administration
Trustee directors
	BJ Lynch
	I B Dearing
	BTerry
	A O'Gorman
	M ButtenNorth
	N Green
Investment	managers
	Embark Investment		Services Ltd, PO Box24065, 1 Tanfield,					Edinburgh,		EH31EY
Secretary and registered office
	M Butterworth,	Riverside		Mill,	Newchurch	Road, Bacup,	I ancashire,		OL13ODT
Com pany number					Registered	charity number
	01048511				264015
Accountants	RSM UK Tax and Accounting				Limited, Chartered Accountants,
	3Hardman Street, Manchester,				M3 3HF
Bankers	National Westminster		Bank pic, 28 Bank Street, Rawtenstall,					Rossendale,		Lancashire,	BB4 8TS
Solicitors	Cobbetts, Ship Canal House, King Street,					Manchester,	M24WB

			Restricted	Unrestricted	2021	2020
		Notes	funds	funds	Total	Total
					f.
Income
Investment income				37,580	37,580	42,937
Total incoming resources				37,580	37,580	42,937
Expenditure
Charitable expenditure				112,797	112,797	106,994
Total expenditure				112,797	112,797	106,994
Net expenditure and net movement	in
funds for the year				(75,217)	(75,217)	(64,057)
forward
Net gains/(losses) on investments				238,103	238,103	(189,551)
Net movement in funds				162,886	162,886	(253,608)
Total funds brought at 6April	2020			1,620,483	1,620,483	1,874,091
Total funds carried forward at 5April 2021		11		1,783,369	1,783,369	1,620,483

2	Investment income	Investment income						2021	2020
									E
	Gross dividends and income			received
	-UKquoted —Urqmted	investments investments	controlled		by investment		managers	24,380	30,500
								24,380	30,600
	Bank and other interest from			cash deposits		held as	part ofthe
	investment	portfolio						S6	435
	Other interest	received (see		note 13)				13,104	12,002
								37,680	42,937

					2021			2020
Purpose				Number			Number
Relief for sickness,		infirmity	and
forthe aged				15		18,100	15		18,100
General charitable		public benefits		57		62,070	121		68,952
Donations to	retired	employees		57		8,575	94		6,350
Death grants Governance	(see note 5)			23		9,600 14,452	12		6,000 ?,592
				152		112,797	148		106,994

Governance			2021	2020
Accountants	—independ ent examiner's	fees	1,800	1,488
Accountants	—accountancy fees		4,800	2,232
Sundry			?,852	3,872
			14,452	7,592

6	Fixed	asset investments					2021	2020
	(a)	Summary
		Quoted at market vaiue					1,244,603	792,726
		Unquoted at cost					295,662	295,662
							1,540,265	1,088,388
							2021	2020
	(b)	Movements In quoted investments
		At 6April 2020- market	value				797,726	1,331,170
		Disposal ofquoted investments					(94,887)	(439,110)
		Addition ofquoted investments					310,788	92,729
		Revaluation (losses) /gains					231,003	(192,063)
		At 5April 2021 - atma ket value					1,244,630	792,726
		investments atcost					954,185	797,511
		At5April 2021, quoted Quoted investments	investments are analysed: at market value
		—United Kingdom					254,280	257,981
		- Foreign					990,350	534,745
							1,244,630	797,726
		The portfolio ofquoted	shares	is analysed		by investment	managers as follows:
							2021	2020
		Cofund s —Embark Investment		Services			1,244,630	797,511
		Revaluation movements
		The net loss shown in	the statement		offinancial activities		comprises:
							2021	2020
							K
		Revaluation gain / (loss) forthe		year			231,003	(192,063)
		Net gain on disposals during the year					7,100	2,512
		Net gain/ (loss) during	the year				238,103	(189,551)

nquoted in	vestments
		2021	2020
Movements	in unquoted investments:
At6April 2020 and at 5April 2021		295,662	295,662

registered in England and W	ales:
			Percentage
	Nature of		ofordinary
Name ofCompany	business	Holding	shares held
J.B.I. Limited	Footwear wholesaler	E1 Quinary	43%
ESutton &Son Limited	Footwear distributor	F1 Oxlinap	26%

'The following information above companies:	has been extracte	d from the mos	t recent financial stat	ements of the
			Aggregate	Profit/(lose)
			capital and	for
Name ofcompany	Accounting	year end	reserves	the year
J.B.I. Limited	31December2020		(1,161,942)	(77,961)
E Sutton &SonLimited	31 December	2020	18,326,213	318,064

Current asset investments	Current asset investments		2021	2020
			F
Cash	hdd on short-term	deposit	22,378	12,933
			2021	2020
Amounts	owed by related	parties (see note 12)		500,000
Prep ayments				5,246
				505,246

				Transfer on		Profit/
	Balance	Incoming	Outgoing	dlsposais of	Unrealised	(Loss) on	Balance
	06.04.20	resources	resources f.	investments	(loss)iprofit f.	disposal	06.04.21
General fund:
Share capital
(note 9)	5						5
Income fund	1,620,478	37,580	(112,797)			7,100	1,552,361
Revaluation
reserve					231,003		231,003
Total funds	1,620,483	37,580	(112,797)		231,003	7,100	1,783,369

sis ofnets assets between funds
		Net Current
As at5Apri 2021	Fixed Assets	Assets	Total Funds
	E
Unrestricted	1,540,265	243,104	1,783,369
Restricted
	1,540,265	243,104	1,783,369

12	Analysis ofnets assets between funds (continuedl
			Net Current
	As at5April 2020	Fixed Assets	Assets	Total Funds
	Unrestricted	1,088,388	532,095	1,620,483
	Restricted
		1,088,388	532,095	1,620,483