2022-04-05-accounts - Riverside Charitable Trust Limited

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Contents
	Reference and		administration
Page:
	Report ofthe	trustees
	Independent	examiner's			report	to the trustees of Riverside Charitable				Trust Limited
	Statement of	financial		activities
	Balance sheet
8- 14	Notes forming		part of	the	financial statements
Reference and administration
Trustee directors
	BJ Lynch
	I B Dearing
	BTerry
	A O'Gorman
	M Butterworth
	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,	Lancashire,		OL13 ODT
Com pany number						Registered	charity number
	01048511					264015
Accountants	and Independent		Examiners
	RSM UK Tax	and Accounting				Limited, Chartered Accountants,			One	City	Place,
	Queens Road,		Chester CH1 3BQ
Bankers	National Westminster			Bank pic, 28 Bank Street, Rawtenstall,					Rossendale,		Lancashire,	BB48TS
Solicitors	Cobbetts, Ship		Canal	House, King Street,			Manchester,	M24WB

			Restricted	Unrestricted	2022	2021
		Notes	funds f	funds	Total	Total
Income
Investment income				30,864	30,864	37,580
Total incoming resources				30,864	30,864	37,580
Expenditure
Charitab le expenditure				111,919	111,919	112,797
Total expendiiure				111,919	111,919	112,797
Net expenditure and net movement	in
funds for the year				(81,055)	(81,055)	(75,217)
Net gains on investments				83,703	83,703	238,103
Net movement in funds				2,648	2,648	162,886
Total funds brought forward at 6April	2021			1,783,369	1,783,369	1,620,483
Total funds carried forward at 5April 2022		10		1,786,017	1,786,017	1,783,369

e following informati	on is given in respe	ct ofthe donatio	ns an	d death grant	s made durin	g the	year:
			2022			2021
Purpose		Number			Number
Relief for sickness,	infirmity and
for the aged Relief of poverty		16 56		18,200 38,590	15 54		18,100 37,095
General charitable	public benefits	58		28,725	55		24,975
Death grants Long service award		17		5,000 8,000	23		9,600 8,575
Governance (see note 5)				13,404			14,452
		147		111,919	147		112,797

Fixed	asset investments							2022	2021
								F
{a)	Summary
	Quoted at market value							1,444,288	1,244,603
	Unquoted al.cost							295,662	295,662
								1,739,950	1,540,265
{b)	Movements in quoted	investments						2022f	2021
	At 6April 2021 - market		value					1,244,630	797,726
	Additions at cost							211,808	310,788
	Disposal proceeds							(91,180)	(94,887)
	Net unrealised gains	on investments						79,030	231,003
	At 5 April 2022 - at market value							1,444,288	1,244,630
	Investments at cost							1,313,035	954,185
	At 5April 2022, quoted		investments		are analysed:
	Quoted investments		at market value
	- United Kingdom							259,040	254,280
	- Foreign							1,185,248	990,350
								1,444,288	1,244,630
	The portfolio ofquoted		shares	is analysed		by investment	managers	as follows:
								2022	2021
								F
	Cofund s —Embark Investment			Services				1,444,288	1,244,630
	Revaluation movements
	The net loss shown	in	the statement		offinancial activities		comprises:
								2022	2021
	Revaluation gain / (loss) forthe year							79,030	231,003
	Realised gain/ (loss)	on sale of		investments				4,673	7,100
	Net gain / (loss) during		the year					83,703	238,103

Unquoted	investments
		2022	2021
Movements in unquoted investments:
At 5April	2021 and at 5April 2022	295,662	295,662

registered in England and	Wales:
					Percentage
	Nature of				ofordinary
Name ofCompany	business		Holding		shares held
J.B.I. Limited	Footwear	wholesaler	E1 Ordinary		43%
ESutton 8 Son Limited	Footwear	distributor	F1 Otdinary		26%
The following information	has been extracted from the most recent financial			statements of the
above companies:
			Aggregate capital and		Profit/(loss) f0i'
Name ofcompany	Accounting	year end	reserves		the year
J.B.I. Limited	31 December	2021	(1,176,788)		(14,846)
E.Sutton 8 Son Limited	31December	2021	18,929,376		603,163

Current	asset	investments		2022	2021
				F
Cash	held	on short-term	deposit	13,329	22,378

8	Creditors: amounts falling due within one year	Creditors: amounts falling due within one year	2022	202 "I
				F
	Accruals and deferred income		5,400	7,561
			5,400	7,561
9	Share capital		2022	2021
	Authorised
	100(2021 -100)Ordinary	shares of P1 each	100	100
	Allotted, called up and fully paid 5 (2021 -5) Ordinary shares of E1 each

sis ofnets assets between funds
		Net Current
As at 5April 2022	Fixed Assets f	Assets	TotalFunds
Unrestricted	1,739,950	46,067	1,786,017
Restricted
	1,739,950	46,067	1,786,017