RIVERSIDE CHARITABLE TRUST LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Company R•gl8tratlon Number 01048511 Reglst•r•d Charity 264015
RIVERSIDE CHARITABLE TRUST UMITED Annual report and flnanclal statements the year ended 5 April 2023 Contents Reference and administration Page: R8pxJrt of the trustee5 Independent examinerfs reFK¥i to Ihe Iruslees of Rlvershle charitab Twsl Limited Statement of financial activili8S B818nce sheet 8-14 Notes forming part of the financial stslements Refersncg and admlnlstratlon Trustse dlrectorn B J Lynch (Choir) l B Dearing 8 Terry A O'Gorman M Butterworth N Green InStMent manag8rn Embark Invfrstrnent Serwces Ltd, PO Box 24065. 1 Tanfield, Edinburgh, EH3 1EY Sècretary and reglstered offlce M Buttorworth. Riverside Mill, Nowchurch Road, Bap, Lancashlre. OL13 ODT Company number 01048S11 Rtglstsred chaTIty number 264015 Accountsnts and Independent Examlners RSM UK Tax and Accountir¥J kn"mited. Chartered Accountsnts, One City Place, Queens Roa(J. Chester CH138Q Bankers National Westminster Bank pk. 28 Bank Street, Rawtenstsll, Rossendale, Lancashire, 884 8TS
RIVERSIDE CHARITABLE TRUST UMITED Report of the trustees for the year ended S April 2023 The trustees present their report and unaudiled financaal statements for the year ended 5 April 2023. The charity is regislered, No. 264015, with t Chanty Commission. The registered office is Riverside Mill, Newchurch Road. Bacup, Lancashire, OL13 ODT. Results and accounts The Statement of Fan¢41 ActNthes (ir1lIng the Income and ex&}Ure 8c£ounll arKI the BaL9nce Sheet al 5 April 2023 are set out pages 6 and 7 respeth"vety. Stru¢turo, governance and managèmènt The trust is a private limited company Ihal was Incorpcyated on 5 April 1972. The trust Is 8 registered charlly {number 2640151. The charity's goveming documents are its menrandUm and Articles of Association dated 5th April 1972 as amended by special resolutsons dat 25 March 1993 and 30 Aprll 1993. New trustee directors are apptynled by inwlalion. Al truslee directors are appointed for a term of three years after which they become eligible for re-eleekn.on by rotstson. Trustee directors over the age of 70 are subiecl lo re-eleclion on an annual basls. The Iruslee directors during Ihe year werg.. Bary J Lynch lan B Dearing Nlcholas Green Mark Butterworth Brian Terry Angela O'Gorman Tralnlng of truBtees AJI Iru$tee$ aro gbven the opportunty lo attend relevant tralning r$e$ R•latlonihlp8 Th? RiVerSe Charitable trust owns 26% of the Share Capilal of E.Sutton & Son Limiled and receives dividends from E.Sutton & Son Lim¢ted which it distributes anng$1 local organisalions. The trustees Mr M Butterworth and Mf N Green are either directors or sharoh¢Jd*rs of E.Sutton & Son Limiled. The Riverside Charrtable Trust owned 43% of the issued Share Capital of J81 Llmiled. The Iruslee Mr M 8utterworth is a diredor ol JBI Limf(ed. The shares held in J81 Limited have been sold in the year, and al the year end the Trust did not own any shares. Pay Pollcy for Benlor staff The directors consider the board of dlrectors. who are the Irust's tru51ees comprisè the key management personnel ol the charity in charge of direclir4J and controlling. running and operating Ihe trust on a day lo day basis. All directors give of their lime freely and no directOT reiVed rennerati in the year. Rlsk managgment Includlng prlnclpal rfsks and un¢ertalntleB The trustees have a risk management strategy which comprises.. Am annual review of the principal risks and uncertairbties that the charity f$.. The establlshment of polieiès, systems and prcKedures to mitigat8 those risks identified In the 8nnu81 rgview., and The implementath.on of procedures designed lo minimise or manage any potentsal impact of the Trust sMuld those risks malerialise. This work has identified thai financial sustsinability of its investments is Ihe major financial r¢sk for the charity. A key element in the managemenl of financial risk is the engagement of professional managers to a¢hieve capital growth and investment income to meet the needs of the charity.
RIVERSIDE CHARITABLE TRUST UMrrED Report of the trnstees for the year ended 5 Aprll 2023 (Contlnuedj ObJectSves and actlvltles The trust was fomed to. inter-alia.. Eslabllsh, maintain and support places of edUcan and to grve scholarships and other awards to encourage proficiency in education.. Establish, maintain and support places providing relief for sickness and inffimilty. and for the aged,. Relieve the povety of any person employed or fonnerly erlOyed in the shoe trade., and Provide general charitable publK b8nefils. The Irustegs confirm that the Irusl has conlinu&J lo SUppt the needs of organisalions in accordance with the Memorandum of Association. To ensure the charitable objecb'ves are mel the Iruslees have reviewed th8 outcomes and achievements of our ac¢ivilies lor the year lo ensure that they remain focused on our charitable aims and contsnue lo deliver benerrts to the public. We have complied with the duly under the charities act lo have due regard to the publ benefit gui(Jance published by the commission. Strategles The Iruslees seek lo identify surtable local (ryanisalions In Ilne th the charfty's oblectSves 8nd advilies and make donatsons accordiroly. hl•v•m•nts and p•rfomian Details ot Income and expenditure during the year end and the balancè sheet at 5 April 2023 arg sel out on pages 6 and 7. Levels of income and expenditure have remained broadly consistent. Income has decreased during the year due lo lower divklends received from inveslments. Detsils of gams and losses on investments In the ygar are provided in rKJts 6. The trust has contsnued lo support regislered charib'&s. individuals and other bcKlies by granting donallons and death grants during the year. Th¢ details lo these donauons and grants are included In note 3 to the financial slalements. Flnanclal revlew During the year Charrtab dlslributions and expenses exeeeded income by £68.311 {2022.. £81.0551. The totsl chantable dlslribulions made amounted to £89,372 12022.. £98.515}. There have boen no material policy changes during the year as regards Ihe nature of the charitable dislributions. The inv&slmenl income in the year was £34,702 {2022'. £30.8641 The charity generated a negatsve nel rrK)vemenl in funds during the year under review of £77,43012022". £2,648 positivel. after including Investment losses of £9.11912022.' £83,703 gainsl at 5 A.1 2023 with retained furKls of £1.708.587 {2022'. £1,786,017). The charrty holds fixed and current investments at the year which in total amounl to £1,662,103 12022.. £1,753,279). The cash al bank and in hand figure al year end of £52,424 12022.. £38,138). The creditors balance of £5,940 12022.. £5,400) represents accrued accountancy and independent examination lees not yel pal¢J. Grant pollcy and oryanlsatlon structure All charitab18 expenditure is rryularly review9d and approvgd by th8 trustee directr)rs. The general granl making policy of the trustees is lo make payments to local organisations in line with Ihe charity objectives and aclivilies.
RNERSIDE CHARITABLE TRUST LIMITED Report of the trustees for the year ended 5 April 2023 (Continued) Reserves pollcy The Iruslee threclors corislanlty monitor and review the level of the charity's reserves. For a number of years, the resources expended have exceeded the annual income of the charity and the Iruslees anticipate Ihal this policy will be maintained for the foreseeable future. It is the charlty's p)Iicy lo hold reseNes to cover any unforeseen10sges that may allse and also cover any potsntial down fall in the prices of ils Investments. During the year the trustees have made provisn for the number of qualfying long service members that will benefit from lulure awards. Based on the current level of awards being £2.500 per member. and al the year end there were 140 qualifying members. the chadty have elected lo transfer an amount of £350,000 lo a designated fund lo ensure that future frJneral costs are [vided This will be assessed on an annual basis going forward. Inv•8tm•nt poll¢y The Irusl8e directors ensure that the charfty retains available cash in order lo meet the short term needs of the charity. Investments a made in short term UK deposil accounts. quoted shares, unquoted shares and unit trusts which are based in the UK and abroad. However. the investrnenl polb¢y slates Ihal.. no more than 90% of the nel assets of the charity may b6 invasled, dlrectly or indlreclly. oulslde th8 UK.. and • not more than 90% of the net assets may be invested in quoted shares and stocks. The responsibility for selecting qLfjd investwents is prlmarily the resp)nsibil of the Investment managers but with the foll¢)wing principal condilion: the investments comprise holding$ of ordinary shares in predomlnanlly 'FTSE 100, companles and unbl trusts whose undèrlying assels are primarlly hekl in companies who are wrthin the 'FTSE 2SO' Ind&x. Any investrnenl in companles outslde the 'FTSE 100. may onty be rrode with the approval ol the trustee directors. The responslblllty unquoted investments is undertaken by the Iruslee directors. The trustee directors confim) Ihal the investrnenl policy has t*en complied throughout the year. Plans for future perlods The Iru$l is lo continue lo pledge don8ths to individuals, registered d)arflies and other bodies in th8 coming years.
RIVERSIDE CHARITA8LE TRUST LIMITED Report of the tru$tee$ for the year ended 5 Aprll 2023 (Contlnu•dJ Statement of trustees. responsibllltles The charity Iruslees (who are also the d1ClorS of RNerslde Chartt8ble Tnjst Limited for the purposes of Company lawl are responsib for preparing 8 trustees, annual report and financial statements in accordance with appllcable law and United lQngdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Praclicel. Comp8ny1ow require$ the charity trustees lo prepare financial statements for each year which give a true and fair view of the state ol affair5 of the charTtable company and of the incoming resources and application ol resources, including Ihe income and expenditure of the charilable company for that peric*J. In proparing the financial statements. the trustees are required to.. select suitsble accounting pjliaes and thgn apFly them consistenlly: observe the methods and prinoplgs in t applicable Charities SORP: make judgements and eslSmates that are reasonable and prudent; slate whether applicable ac¢nI1ng standards have been followed, subject to any material d8partures that musl be dls¢losed and explalned in the fnand81 stsl8m¢nts: prèpare the financial statements on the going e<Jncern basis unless it is inappropriate lo presum8 that thg chaty wlll continu8 in business. Th8 Iruslees are responsible for keeping proper accountir¥J records that disclose wrth reasonablo a¢curacy al any Ilme the financial position of the charty and lo enable them lo ensure that the financial statements comply wrth the Companies Act 2006. They are 81$0 responsib for safeguarding the assets ol the charity and taking reasonable Steps ft)r the prevention and deleclk)n of tra and other irrggularilies. The trustees are resFonslble for the maintenance and integrity of the corwrate and finandal Infomation Included on the charitable eompany s webglg - wivw. .conVour-chari htt s'.11 bifootwear.co.uklcharil and htl '.Ini ht ns.co.uklchari Legislation In the United Kingdom governir¥J the preparabon and dissemination of financial slalements may diffef from legislation in other jurisdicbons. Small company pfovlslons This report has teen prepared in acLxYdance wtth tha speual pwsion5 for sm811 companies under Part 15 ol the Companles Act 2¢6. Approval Thls report was apwoved by the trustees cm.... ........... M 8utterworth Secretsry
RIVERSIDE CHARITABLE TRUST LIMITED Independent Examinerfs Report to the Trustees of Riverside Charitable Trust Limited I report lo the trustees on my examination of Ihe accounts of Riverside chtable Trust Limlled I'lhe company'l for the year ended 5 April 2023, which are s8t out on pages 6 10 14. Rospon$lbllttles and basls of rnport As the trustees of Ihe company land also its dirert(xs for Ihe purposes of company lawl YCNJ are responslble for the preparatlon of the accounts in aCcL¥dar 1h the requirements of the Companies Act 20061'the 2006 Acl'l. Having saknsfEd myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination I report in respect of my examination of your charlty's accounts as carried out under section 145 of the Charities Act 20111.lhe 2011 Act'l. In carrying out my examination I have followed the 0irecth.ons gsven by the Charity Commission under section 14515Xbl ol the 2011 Act. An independent axamination dogs not invofvo gathering 011 the evidence that would ba required in an audit and consequently does not COV8r all the matters Ihal an aLKliior conslers in 9iving their opinion on the accounts. The planning and condud of an audit goes beyond the limited a$Surae that an independent examination can provido. Consequently, l express no opinion as to whether the accounls present a 'true and lair view, and my report Is Ilmiled lo those specific matters set oul In the Independent examiner's slalemenl. Indèpendent oxamlne¢8 ststement I have ¢ompl8ted my oxamination. I confirm that no material matters have come to my att6ntion In connectlon wllh th8 axominatii)n giving mo roosonabl& cause to believe that in any material respoct.. accounllng reccds were not kept in respèet of the company as required ty sectlon 386 of the 2006 Act., or the accounts do not accord wth those records.. or the accounts do not comply with the accounling reqUIentS ol section 396 of the 21)06 Ad other than any requiremenl that Ihe accounts give a Irue and fair view, whlch is not a matter considered as part of an independent examination., or the accounts havo not been prgpargd in TanCe with the melhTrJs and principlès of thè Slalèmenl of Recommended Practice.. Accounting and Rep0"ftg by Charities apwlicable lo charities preparing their accounts in accordanee bwth the Financtal Reporb'ng Standard applicable in the UK and Ireland IFRS 1021. I have no concems and have come across no olher mattffls In connecllon vllh the examination lo which attention should be drawn In this report in order to enable a proper understanding of the accounts lo be reached. Jokh Giw John Guest Name of applicable listed body.. The Instltute ol Chartered Accountants In England and Wales R819vant prolessional qualifficab'on or nMberShIp of professM)nal t(rfty'. Ch•rter¢41 Accountant On behalf of RSM UK Tax and Accounting Limited Chartered Accountants One City Place Queens Road Chester CH1 3BQ 29111123
RIVERSIDE CHARITABLE TRUST UMITED Statement of financlal activitses for th• year ended 5 Aprll 2023 Restrlcted Unrestrlthd lunds funds 2023 Total 2022 Total Notss Income Investment Sntome 34.702 34,702 30.864 Totsl Incomlng resources 34.702 34,702 30.864 eXndIture Charitable expenditure 103.013 103,013 111.919 Total expendlture 103.013 103,013 111.919 Not •xp•ndlture and n•t movement In funds for the year {68,3111 168,3111 (81,0551 N8t {losse$ll galns on Inve8tmènt• {9.1191 9,1191 83.703 Net mov•mont In funds {77,4301 {77.430) 2,648 Total funds brought forward 8t 6 April 2022 1,786.017 1,786,017 1,783.369 Total fundg carrled forward at 5 Aprll 2023 10 1.708.587 1.708,587 1.786.017 All amounts rglato to conlinuing activities and restr1d0d funds. There are no reeognisgd gains or losses olher than those showm above. The notes on pages 8 10 14 form part of these financial ststements.
RIVERSIDE CHARITA8LE TRUST LIED Balance sheèt at 5 Aprll 2023 Registered Number 01048511 2023 2022 Flxed assets Investments 1.657.237 1.739,950 Current assets Cash al bank and In hand Inveslm&nls 52,424 4,866 38.138 13.329 57.290 51,467 Crltors. amounts falllng due wlthln one year {S.9401 15,400 Net current a580ts 51,350 46,067 Net assets 1,708.587 1,786,017 Capltal Called up share capital General funds Accumulated Income Designated funds Revaluation reserve 10 10 10 1,243.6T3 350.000 114.909 1,475,979 310,033 Unreslrlcted funds 10 1,708,587 1,786,017 For the year ended 5 April 2023. the company was ontilled lo exemption under section 477 of the Companies Act 2006 r818fjng lo srnall companies. No members have required the company to obtain an audtt of its accounts for the year question in accordance with seclion 476 01 the compan Act 20(. The directors acknowledge their responsibility comptyfftg with tho requirements of the Act wllh respect to accounting records and lor the prePara1n of accounts. The financlal statnentS have been prepared in accordance with the provisions applicable lo companies Subject to Ihe small companies regime. The financial stalgmenls were approved by the trustees and aulhorised for issue ................................... and are signed on their behalf by.. M Butte B Terry Trustee Directors The notes on pages 8 to 14 forni part of these financial stalemenls.
RIVERSIDE CHARITABLE TRUST LIMITED Notes forming part of the financial statements for the year ended 5 Aprll 2023 Accounting polici•s 8asls olaccountlng The financ#al stalennts have ten pparj in accoTdanix with Accounling and Rewrting by Charrties,. statement of ReMMended Practice •plicable to charibes preparirJ they accounls in acccdance wrth the Financial Reporting Stsrvjard appluble in Ihe UK aThJ Repthlic of Ilar IFRS 1021 leffeclive 1 January 20191. (Charrties SORP IFRS 102)) and the Charlbes Act 2011. The accounts have been prepared under the historical cost conventK)n wilh items recognised at cost or transaction value wrth the exception ol quoted invesln*nts whth are recogntsed al market value. The principal accounting polic adopted we sel wl 0w. The financial slalements are prepared in sterling, which is the functicfftal c#Jrr8ncy of the Cpjmpany. Monetary amounts In these financial stslements are rounded lo the nearest £. The Rlverslde Charitable Trust meets the deftnrtion ol a public benefll entity under FRS 102. Assets and Ilabilities are initially recognised al historical cost or transaction value unless othèrwise staled In the relevant aUntIng policy noles. The Charty has taken 8dvantag¢ of the provisioro in the SORP for Charities apyIng FRS102 Updat8 8ulletln 1 nel lo pl8re a Stslemerrt of Cash Fbws. Golng concern The comwy has made a defidl during th8 year of £77.430 12022.. £2,648 SLWusl il continues to have positive reserves ol £1,708.527 12022.. £1.786,017I and the trustees are confident that rt will continue to generate enough SufficnI cash flows lo meet rts Olga.0ns as and when ty fall due. IomIng r•$our¢•s All incoming resourc8s are recognised once Ihe charity has enlillement lo the resources, rt is certain Ihol the resources will be received and that Ihe nnetary value of ineoming resourees can be m¢a5ured with sufficient reliability. Dwidends are onty accounted for when recefved. Interest recelvat4e Is accounted for on a recelpts ba$j$. Resources pended Donations and death grants are accounted for when approved for paymenl by the trustees and the beneficlarfgs have been infomigd. Expendrture is accounted for on an a¢cfU81s basis and is classified under headings that aggregate all costs related thereto. Costs of generating ftjnds are those IUrred In trading aclivilles that raise funds. charitab expenditu comprises those costs incurred by the charity in the delivery of ils actwilies and serViS for its beneficiaries. It includes both costs that can be allocated directly lo such activities and Ihose Costs of an indirecl nature necessary lo support them. Governance costs include those costs a$Slated with meeting constittjbonal and stslutory requirements of the charity. Fund accounting Gene1 ftjnds arg unrgstrided funds wthich a availab for usg at the discretion of the trustee directors in lurtheranGe of the general objectives of the chartty and whith have not been designated for other purpos8$. Designated funds comprise unreslricled lunds that have been sel aside for specific purposes where there are commitments of substsntial amounts by the charty to Ihird Pa.9$. The aim and use of each designated fund is sel oul in the notes lo the financial slalemenls.
RIVERSIDE CHARABLE TRUST UMITED Notss forming part of the financial statemonts for the year ended S April 2023 (Continuedj Accountlng pollcles (Contlnuedj Flxed asset invostments Quotsd Investments Quotefj Investments are valued al market value. Unquoted Investmgnts Unquoted inVestrn1$ are valued at eosl or par value. In the opinion of the trustee directors the company does nol hav8 a significant influence over the operating and financial policy of the unquoted inveslmenls and so the company's share of the results of Ihose compani&s is not consotidaled. Cash on deposlt Cash on deposit comprises mOnS whith are invested a fix8d period or which Is undar portfolio management. Flnan¢lal Instrum•nts Financial instruments are ela$5ified and accounted for, aceording lo the substance of the contractual arrangement. as eilher financial assets. financial liabilities or eqL*Ity inslrumenls. An equity instrumenl is any contract that evidences a residual Inlerast in the assets of the company after d8ducilng all of ils Crbtlcal accountlng estlmates and Judgements In the application of the charity'5 accounling policies. the Iruslees aro Tequired lo rnake judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not roadily apparent from other sources. The eslimales and associated assurnptions are based on historical experience and other factors that are considered lo be relevant. Actual resulls may differ from these eslimalg5. The eslimales and underlying assumpllons ar8 reviewed on an on-going basis. Revi&ons lo accountSng eslSmale5 are recognised in the n0d in which the estimalo is rgvised where the revision affects only th81 period, or the period ol the rev15bon and lulure pericwJs where the ievision affects both ¢)JrTonl and lulure perlods. No critrcal accountlng esllmates and judgments have been madg in preparlng th9$0 finan¢lo1 $talemenls. Investment Income 2023 2022 Gross divid8nds and income rec•ved - UK quoled investments cltrOlled by investment managers 34,702 30,861 34,702 30,861 Bank and othèr interest from cash deKKJSrts held as part of the investment portft)lio 34.702 30.864 All Income in the year ended 5 April 2023 and 5 April 2022 related to unrestricted funds.
RIVERSIDE CHARABLE TRUST UMITED Notes fomilng part of the financial sLitements for Ihe year ended S April 2023 (Contlnued) Charitable expendlture Charitable expenditure comprises donations lo indNOduals. registered charities and other bc*Jies and is In accordance with the purposes of the tnjst. The followlng Informalion is given in resp8cI of the donab'ons and death grants made durfng thè year.. 2023 2022 Purpose Number Number Rdief for sickness. infirmity and for the aged Relief of Poverty General charitable public ben8fits Death grants Long service award Govemance Isge rKile S} 13 52 S3 14.850 34,780 22.767 8.450 8.525 13.641 16 56 18,200 38,590 28.725 5.000 8,000 13.404 17 129 103,013 147 111.919 JI Charitable expenditure In the yèar erKled 5 April 2023 and S April 2022 related to unrestricted funds. Employ0•8 The wmpany doo$ not employ any stsff and ro employees receNgJ employ8e benefits of over £60,000. No 8xp8ns8s have beon reimbursed lo trusteas duriThJ the y8ar12022- Nill. The trustees received no emdumgnts during the year12022 - Nill. Govemance 2023 2022 Accounlanls - accounlancy fees Ac¢ountsnts- independent examinors fves Sundry 2,200 3.740 7.701 2,000 3.400 8.004 13,641 13.404 All expenditure in the year ended 5 April 2023 and 5 April 2022 related lo unrestricted fvnd5. 10
RIVERSIDE CHARITABLE TRUST LIMED Notgs fornilng part of the flnan¢lal statements for the year ended S Aprll 2023 (Contlnued) Flx•d a$t Inv•stmènts 2023 2022 lal Summary Quoted at market value Unquoted at cost 1.374,450 282,787 1.444,288 295,662 1.657.237 1,739,950 2023 2022 Ibl Mov•ments In quoted Investments At 6 April 2022- market value Athitions at cosl Dbsposal Net unrealised {lossesy gains on Inveslmants 1.444,288 12,862 {70.6021 112,0981 1.244.630 211.808 191,1801 79,030 Al 5 Aprll 2023- at market value 1.374,450 1.444.288 Investments at C05t 1,259,541 1,313,035 At S April 2023. quoted investments are analysed.. Quoted investments al market value . United Kingdom . ForeKJn 183.374 1.191,076 259,040 1.185.248 1,374.450 1,444,288 The portfolio of quoted shares is anatysed by investment managers as follows: 2023 2022 Cofunds- Embark Investment Service$ 1,374,450 1,444,288 R8valu•tlon movements The net loss swn in the ststement of financial aclNlties comprises= 2023 2022 Revaluation (lossy gain for the year Realised gain on sale of investrnents 112.0981 2,979 79.030 4,673 Net Ilossll gain during the year 19,1191 83,703 11
RNERSIDE CHARITABLE TRUST UMITED Notes formlng part of the financial statements for the year ended S April 2023 (Contlnued) Investments (continued) Ic) Unquotgd Investments 2023 2022 Movements in unquoted investments.. At 5 ri12022 Dlsposal 295.662 112.8751 295,662 At S Aprll 2023 282.787 295,662 During the year, the unquoted inve$tmgnt ld in JBI Limited wth 8 C05101 £12.875 wa5 sold lor an effective consideration of£12,875. No profil or loss was realisfjd on thg sale. Oetails of unquoted Investrnents: The following inlormatiort 1$ given in respect of the unquoted inv85trngrits. all of whlch 8rg registgred in England and Wales: Per¢ént4gè of ordlnary shares hold Nature of buslnoss Nam• of Comp•ny E.Sutton & Son Limited Holdlng £1 Ordinary Footwear distributor 2601• The following informaln has been extracted Irom the most recent financ1 statements of the above companies.. Aggregate capltal and reserve¥ ProflU{lossl for th8 y•ar Name of company Accountlng year end E.Sutton & Son Limlled 31 December 2022 18,954.394 25,018 Dividends of ÈNil {2022- £Nill wer8 r1Ved from E.Sulton & Son Limlled and J81 Limited. Curr•nt assèt In¥•stmènts 2023 2022 Cash held on srt-M) deposit 4,866 13.329 12
RIVERSIDE CHARITABLE TRUST LIMITED Notes forniing part of the financtal $tatement$ for the year ended 5 Aprll 2023 (Continued) Creditors: amounts falllng due wlthln one ar 2023 2022 Accruals and deferred ineome 5.940 5,400 5.940 5,400 Share caplt 2023 2022 Authortsed 10012022 - 100) Ordlnary shares of £1 each 100 100 Allotted, Called up and fully pald 512022- 5} Ordinary shares of £1 each The comp8ny's Memorandum and Articles ol As%)ciallon does rM)t permll the payment of any divldends lo the hdders of thg dinary shares. 10 Unrestrlcted fund• The unrestrlcted lund$ ¢4)mpri50 Ihe following: pro11 Un811¥•d ILos$l on profiUllo•#l dl•poMI 8alane• Ineomlng Outgolng 06.04.22 w•sourc•8 r••oure•# Ror¥• transfèr Balanco 05.04.23 General fund.. Share capllal (note 91 Income fund Designated lund Revaluab'on reserve 1,475.979 34.702 1103.0131 1166.974 3SO.LK)O 2,979 1,243,673 350.000 310.033 183.0261 {12.0981 114,909 Total funds 1.786,017 34,702 {103.0131 {12.0981 2,979 1.708.587 The revaluation rèserve is required by th8 Companies Act 2006 and represents the amount by which investrnenl$ are in excess of their historical cost. Al 5 Aprfl 2023, there are £350.(K)O designated funds12022 - £Nill for the ftrture funeral benefits lo be pald by the charity. There are 140 qualtfying Long Service members that will benefit from this award. 13
RIVERSIDE CHARITABLE TRUST LIMITED Notes forniing part of the financial statements for the year end•d S Aprll 2023 (Continuedj 11 Analysls of nets assets between funds Net Current A¥$ets A8 at S Aprll 2023 Flx¢d Assets Total Funds Unrestricted Reslricted 1.657.237 51,350 1,708.587 1,657.237 51.350 1.708,587 Net Current Assets AJ at 5 Aprll 2022 Flx•d Assets Totsl Fund¥ Unrestricted Reslncted 1.739,950 46.067 1.786.017 1.739,950 46.067 1.786,017 12 Related party transactlon• During the year the trust made a donalk)n of £1.00012022.- £1,1(K)I to Bacup Cricket Club junior section. Mr B J Lynch is a Iruslee director and is eonnected lo Bacup Cricket Club as a result of being a trustee of the club. Durlng the year tho trust mad6 a donation of £30012022.. £3001 to Rossendale Scouts group 145th>. Mr N Green Is a Iruslee director and is eonnecled lo Rossendale Scouts group145th1 as a resust of bèing a Iruslee of the scout group. During the year the trust also made hvo donations of £500 each to Central Melhodist Churth and Longholme Melhodisl Church that a now both part of the arnalgamaled Rossendale Melh(wJisl Church. Mr M 8utterworth is a Iruslee and treasurer of the Rossendale Methodist Church but was not involved in tt)e two separate churches before amalgamation. 14