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|Contents|||||||||||||
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||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|||||
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||||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|
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|2|Inveslment
income|Inveslment
income||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||||||E|
||Gross dividends
and income|||received||||||
||- UKquoted|investments|controlled||by investment||managers|30,861|24,380|
||- Unquoted|investments||||||||
|||||||||30,861|24,380|
||Bank and other interest from|||cash deposits||held as|part of the|||
||investment|portfolio|||||||96|
||Other interest|received {seenote 12)|||||||13,104|
|||||||||30,864|37,580|
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|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|
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|Governance||||2022f|2021
E|
|---|---|---|---|---|---|
|Accountants|—independent|examiner's|fees|2,000|1,800|
|Accountants|—accountancy|fees||3,400|4,800|
|Sundry||||8,004|7,852|
|||||13,404|14,452|
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|6|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|
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|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|
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|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||||
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||||||Transfer on||Profit/||
|---|---|---|---|---|---|---|---|---|
|||Balance|Incoming|Outgoing|disposals of|Unrealised|(Loss) on|Balance|
|||06.04.21|resources|resources|investments|profit/(loss)|disposal|05.04.22|
|General fund:|||||||||
|Share capital|||||||||
|(note 9)||5||||||5|
|Income fund||1,552,361|30,864|(111,919)|||4,673|1,475,979|
|Revaluatio|n||||||||
|reserve||231,003||||79,030||310,033|
|Total funds||1,783,369|30,864|(111,919)||79,030|4,673|1,786,017|
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|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|
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