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|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|||||
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||||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|
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|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|
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||||||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|
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|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|
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|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)|
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|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|
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|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|
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|||||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|
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|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|
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