THE RIVER TRUST
STATEMENT OF FINANCIAL sTATEME￿r$
FOR THE YEAR ENDED 31 OCTOBER 2021

## 

## 

|||||Page|
|---|---|---|---|---|
|Trustees'|Report|||1-3|
|Independent<br>Examiner's|||Report||
|Statement|of Financial||Activities||
|Balance Sheet|||||
|Notes to|the Financial|Statements||7-13|





## 

## 



## 

## 

## 

## 

## 

## 



## 

## 





## 

## 

## 

## 



## 

## 

||||||Note||2021||2020|
|---|---|---|---|---|---|---|---|---|---|
||||||||2||2|
|Fixed Assets||||||||||
|Investments|||||||403,949.77||391,645.96|
|Current|Assets|||||||||
|Debtors||||||||270.23||
|Cash at|Bank||||||791.84|7,744.43||
|Loans|||||||40,000.00|40,000.00||
||||||||40,791 84|48,014.66||
|Less:||||||||||
|Current|Liabilities|||||||||
|Creditors,<br>amounts||falling due||||||||
|within one year|||||10||1,314.00|8,676.00||
|Net Current Assets|||||||39,477.84||39,338.66|
|Assets|less Current||Liabilities'||||6443,427.61||2430,984.62|
|Capital|Fund|||||||||
|Expendable<br>Endowment|||||||513,854.99||489,675.49|
|Income|Fund|||||||||
|Unrestricted<br>Fund|||||||(70,427.38)||(58,690.87)|
||||||||2443,427.61||2430,984.62|
|Tx<br>9|I tt||t|ts|dbyth|L|t~rV4|2022||
|i|~||~C.~|||||||
|avina|Irwin-Clark|||||||||





## 

||||Note|Unrestricted<br>Fund<br>E|Expendable<br>Endowment<br>E,|Expendable<br>Endowment<br>E,|Total<br>2021<br>E|Total<br>2020<br>E|
|---|---|---|---|---|---|---|---|---|
|Income and Endowments|||||||||
|Donations<br>Received|||2|104,729.77|||104,729.77|70,000.00|
|Investment<br>Income|||3|12,062.72|||12,062.72|14,982.42|
|Total Income and Endowments||||E116,792.49||E116,792.49||E84,982.42|
|Expenditure|||||||||
|Cost of raising funds:|||||||||
|SG Kleinwort<br>Hambros|Investment||Management|Fees|4,882.19||4,882.19|5,737.06|
|Expenditure<br>on Charitable||Activities:|||||||
|Donations|||4|122,670.00|||122,670.00|94,225.00|
|Support Costs|||5|5,859.00|12,300.00||18,159.00|14,373.00|
|Total Expenditure||||E128,529.00|E17,182.19|E145,711.19||E114,335.06|
|Net Expenditure||||(E11,736.51)|(E17,182.19)|(E28,918.70)||(E29,352.64)|
|Net Gains/(Loss)<br>on|Investments||||||||
|Reahsed Gain/(Loss)|||||6,189.27||6,189.27|(20,316.47)|
|Unrealised<br>Gain/(Loss)|||||35,172.42||35,172.42|(28,694.20)|
||||||41,361.69||41,361.69|(49,010.67)|
|Net Movement<br>in Funds in||the Year||(E11,736.51)|E24,179.50||E12,442.99|(E78,363.31)|
|Funds|||||||||
|At 3I October 2020||||(58,690.87)|489,675.49||430,984.62|509,347.93|
|Net Movement<br>of Resources||in the|Year|(11,736.51)|24,179.50||12,442.99|(78,363.31)|
|At 31 October 2021||||(E70,427.38)|E513,854.99|E443,427.61||E430,984.62|





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

|2|Donations<br>Received|Donations<br>Received||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||8|2|
||Ernest Kleinwort<br>Charitable|||Trust||105,000.00|70,000.00|
||Prior year Gift Aid tax credit|||written|off|(270.23)||
|||||||2104,729.77|270,000.00|
|3|Investment<br>Income|||||2021|2020|
|||||||f||
||Income from Investments|||||12,062.72|15,237.57|
||Duplicate<br>Dividend|Reversed|||||(255.15)|
|||||||211,792.49|214,982.42|
|4|Donations<br>to Charitable||Institutions|||2021|2020|
|||||||2|2|
||Advancement<br>of Christian|||Faith -|(6Donations)|||
||Christian<br>Vision for|Men||||1,000.00||
||Penny Trust|||||1,000.00|1,000.00|
||St Peter's<br>Brighton|||||2,000.00||
||Stewards<br>Trust|||||4,500.00||
||Stewardship|||||11,500.00|7,515.00|
||Youth<br>With A Mission|||||8,720.00|15,370.00|
|||||||28,720.00|23,885.00|
||Church<br>Funds - (1|Donation)||||||
||Barcombe Parochial|Church||Council||12,000.00|10,000.00|
|||||||12,000.00|10,000.00|





## 

## 

|Missionary<br>Work - (8 Donations)|Missionary<br>Work - (8 Donations)|||
|---|---|---|---|
|African Enterprise||1,000.00|1,000.00|
|Church<br>Pastoral<br>Aid Society||3,000.00||
|Footsteps Foundation|International|2,000.00||
|Innovista<br>International||2,000.00|2,000.00|
|International<br>Justice Mission||3,000.00||
|Operation<br>Mobilisation|UK|2,000.00|2,500.00|
|Pioneers<br>UK Ministnes||2,000.00||
|StStephens Society||2,000.00|2,000.00|
|||17,000.00|7,500.00|
|Religious Education|-(9Donations)|||
|Ashburnham<br>Christian|Trust (ACT)|3,000.00|2,100.00|
|Bible Society||2,500.00|2,500.00|
|CARE||6,500.00|6,525 00|
|Chasah Trust||5,500.00|5,500.00|
|Haggai<br>Institute||1,000.00||
|Eurasia Education<br>Foundation|||500.00|
|Lighthouse<br>Central||1,000.00||
|Scripture<br>Union (SU)||5,000.00||
|UCCF: The Christian|Unions|1,500.00|1,500.00|
|Wycliffe Bible Translators||1,500.00|1,000.00|
|||27,500.00|19,625.00|
|Religious Welfare Work - (9Donations)||||
|Beauty from Ashes||1,000.00|1,000.00|
|Care for the Family||5,500.00|5,250.00|
|CMS||2,000.00||
|Open Doors UK||2,000.00|2,000.00|
|Relationships<br>Foundation||1,000.00|2,000.00|
|Release International||1,000.00|1,000.00|
|The Marriage<br>Foundation||2,000.00||
|The Micah Trust|||1,000.00|
|The Prison Fellowship||1,450.00|1,450.00|
|ZANE||2,000.00|1,500.00|
|||17,950.00|15,200.00|
|Miscellaneous<br>-(9Donations)||||
|African Pastors||1,500.00|1,500.00|
|Allnations|||2,000.00|
|Chestnut Tree House|||2,000.00|
|Chloe Talitha||2,000.00||
|HoverAid<br>Trust|||1,500.00|
|London City Mission||1,500.00||
|Morning<br>Star|||1,000.00|
|SABRA||1,500.00||
|Sat-7||1,000.00|1,000.00|
|Soldiers and Airmen|||1,000.00|





## 

||St Barnabas Hospices Sussex|St Barnabas Hospices Sussex|St Barnabas Hospices Sussex|St Barnabas Hospices Sussex||2,000.00||
|---|---|---|---|---|---|---|---|
||St Luke's Healthcare||||||1,015.00|
||St Peter & St|James|Hospice|||1,500.00|1,500.00|
||Sussex Community||Foundation|||6,000.00|3,000.00|
||Tear Fund|||||2,500.00|2,50000|
|||||||19,500.00|18,015.00|
||Total Donations|||||Et22,670.00|794,225.00|
|5|Support Costs|||||2021|2020|
|||||||2|2|
||Unrestricted|Fund||||||
||SG Kleinwort|Hambros||Trust Company|(UK) Limited Fees|5,859.00|4,662.00|
|||||||5,859.00|4,662.00|
||Expendable|Endowment:||||||
||SG Kleinwort|Hambros||Trust Company|(UK) Limited Fees|10,881.00|8,658.00|
||SG Kleinwort|Hambros||Trust Company|(UK) Limited ARC Fees||15.00|
||Independent|Examiner's||Fees||1,314.00|1,038.00|
||Bank Charges|||||105.00||
|||||||12,300.00|9,711.00|
||Total Support|Costs||||218,159.00|214,373.00|





## 

|7|Investments<br>quoted|on|on|a recognised|a recognised|a recognised|a recognised|Stock Exchange|Stock Exchange|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2|9|
||Market Value Brought||Forward|||||||381,772.55|460,403.55|
||Purchases|||||||||102,489.49|165,824.28|
||Disposals|||||||||(129,909.17)|H 95,444.61)|
|||||||||||354,352.87|430,783.22|
||Realised Gain/(Loss)|||||||||6,189.27|(20,316.47)|
||Unrealised<br>Gain/(Loss)|||||||||35,172.42|(28,694.20)|
||Market Value|||||||||395,714.56|381,772.55|
||Cash on SG Kleinwort||Hambros|||Account||||8,235.21|9,873.41|
||Total Investments|||||||||6403,949.77|2391,645.96|
||Investments<br>comprising|||greater|||than||5/o of the Portfolio|2021|2020|
||||||||||||o/o|
||Artemis<br>Income Fund||Income||Un~ts|||||5.78|5.90|
||BNY Mellon Fund Managers|||||||||6.94|6.10|
||Invesco Asset Managers|||||||||6.95|7.60|
||JupiterJapan|||||||||5.33||
||M&G Charifund|||||||||6.04||
||M&G Securities||||||||||5.10|
||Multi Units Luxembourg|||Core||||||9.12|15.30|
||Multi Units Luxembourg|||S&P 500||||||5.12|9.10|
||Standard<br>Life|||||||||7.15|5.20|
||Threadneedle<br>Investment|||UK|Equity Inc||||Zni Nav|5.99|5.50|
|9|Loans|||||||||2021|2020|
||Interest Free|||||||||2|6|
||Youth With A Mission:||repayable||||on demand|||40,000.00|40,000.00|
|||||||||||640,000.00|240,00000|
|10|Creditors, amounts|falling due||||within|||one year|2021|2020|
|||||||||||2||
||Independent<br>Examiner's|||Fees||||||1,314.00|2,076.00|
||SG Kleinwort<br>Hambros||Trust Company|||||(UK) Limited Fees|||6,600.00|
|||||||||||21,314.00|28,676.00|





## 

|11|Expendable|Endowment|||
|---|---|---|---|---|
||Movement|in Funds|2021|2020|
||||8|K|
||Balance at|31 October 2020|489,675.49|554,134.22|
||Gains and Transfers||24,179.50|(64,458.73)|
||Balance at|31 October 2021|6513,854.99|F489,675.49|



|12|Unrestricted|Fund||||||||
|---|---|---|---|---|---|---|---|---|---|
||Movement<br>in|Funds|||||2021||2020|
||||||||6|||
||Balance at 31October||2020||||(58,690.87)||(44,786.29)|
||Gains and Transfers||||||(11,736.51)||(13,904.58)|
||Balance at 31 October||2021||||(670,427.38)||(658,690.87)|
||The income funds of the charity<br>will be|||allocated|by the trustees||towards<br>charities|and chantable|activities, as|
||set out in the|Trustees'|Report attached|to these|financial|statements.||||
|13|Analysis of net assets||between funds|||||||
||Expendable|Endowment|||||2021||2020|
||||||||2||2|
||Investments||||||395,714.56||381,772.55|
||Cash at bank||||||8,235.21||9,873.41|
||Other net current assets/(liabilities)||||||109,905.22||98,029.53|
||||||||6513,854.99||2489,675.49|
||Unrestricted|Fund||||||||
||Investments|||||||||
||Cash at bank||||||791.84||7,744.43|
||Other net current assets/(liabilities)||||||(71,219.22)||(66,435.30)|
||||||||(270,427.38)||(658,690.87)|
||Total|||||||||
||Investments||||||395,714.56||381 772 55|
||Cash at bank||||||9,027.05||17,617.84|
||Other net current assets/(liabilities)||||||38,686.00||31,594.23|
||||||||6443,427.61||6430,984.62|