THE RIVER TRUST STATEMENT OF FINANCIAL STATEME14TS FOR THE YEAR EIIDED 31 OCTOBER 2022
THE RIVER TRUST CONTENT8 Trustees, R8Wt Independenl Examinerfs Report Statsment of Finanaal Acti¥ib"e$ 8alance Sl•et Notes to the FinarKbal SLitemerrts 7-13
THE RIVER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2Q22 The Tru51ees present its annual ieport and faal StstemlS of Ihe charity for Ihe year ended 31 October 2022. The financial slalemenis have been wepared in awJtdan¢c ryth tho accounbng poliries Set out in note 110 the financial statement5 and comply ith the charivs trust deed. the Chariiies Act 2011 and AoUntIng and Reporting by Charibes." Stslemenl of RecommeThJed Prac11 appltcable lo charitses preparing their financial statements in accordance wilh the Finanual Repryb"ng Standard applicable in the UK and RÈpJbli¢ of Ireland IFRS 1021 (Second Edi11( effective 1 JanLWy 2019). Legal and Admlnlstratin Inlornmtion Constl¢ullon The River Trust 1$ a wislered charrty govemed by a Settlement Deed dated 16 August 1977 Charty Fbjrnber.. 275843 Registered Offic• The Administrator One Bank Street. Canary Wharf, LoThJon E14 4SG Bankern Ind Inve51m•nt Alanagefs SG I)rt Hambros Bank Lwnited One Bank Street. cary Wharf. London E14 4SG Independent Examlnor4 Kreston Reeves LLP 37 St Margarafs Street. Canlettsury, Kent CT12TU Soli¢ltor• Irwm Milrjl TtrJma5 Eggar House. Friary Lane. Chesler, P019 1UF Trt••8 Davina 1rWirclark (appointed 21 May 20151 SG Hambros Twsl Company (UK) Limited Direct5.. Rachel Iles and Georye Ryan Mrs G M Warren the settk)r had the power of apntg ne Trustees until her death on 10 May 2022. provrded that the total number of Trustèès shall ntst ex¢ee(15ix. Fouowng Mrs WaThen's death, the Trustees can from time to time use Ihe statutory W¥[5 of aFpoJntmenl ¢onlawied m the Trustee Act 1925 to appoint Trustees. Legal and adrrini5trative information set out on page 1 ftxms part of this reporL Thg ffinanoal statements have been prepared in accordance th Se(on 45 01 the Charitse5 Act 2011, and rnsed Statement of Recommended PractKe FRS102. Oblects ofth• charity The objects of the charty are to pay or appty the caprtal or income of the trust to advance the Evangelical Christian faf(h worldwTde by such means bng charitstle as the Trustees may dÈtèmiine. Grant making pollcy The Trustees, current policy is to consider all vAitten appeas received, but onty s$$(U1 applicants are notified of the Iruslee5' decision. Donations are decided perIlicalty, and it is unusu81 for the Twslees to respond favoLwably to unsdirAted appeals.
RIVER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2022 Appolntrnont oftruste•s and chaiity oryani•¥tion The charity is rnanaged by the Trustees wtho are ap{Mnted under the tenns of the TnJ5t Deed. with daty administration being deall wrth ty the cffjjorate Trustee, SG KJn¥¥Tht Harnt$ Trusl Company (UK) Limited. No fund r8ing is underiaken to suppryt the Wjrk of Ihe dwrity. Flnancl•l rn¥lw •MI investment pollcy The financjal statemen15 cover all the a¢vitses of the chaTrty during Ihe year. Gross income totalled £82,191.$4 (£116,792.49 in 2021), of which £110.145.fMI {£122,670.LK) in 2021) was comrnitted to charitable donations and £22.226.14 (£23,041.19 in 2021) to management and adrnint51rab"on. UrKIEr the goveming docurnenl, there are no re$trictKJn$ Crfb the pcer lo invest. The overall inveslment pc4icy is lo athieve long lemi cawial gTovAh in real tefms. whilst proAding a yidd at kasl in line with the UK equty markeL Ch•rltys public benellt The Trustees have enSUd that all activities throughouf the perifyl have been for the interest of public benefrt. This is evidenced by the contribub.ons made to charityes totajling £110,145.00 {£122,670.00 in 2021). The Trustees confirm that they have referred to the guidance ¢))ntsined in the Charity Commission's general guidance on public benefit when 7ng the tharrty'5 &ms and obiÈdwes and in planning fijture adivrties. Relatsd partlès The charrty does not have 8 kn.0n5hIp Imth any other carTty or ganISatiOns. Revigw olthe activities and future developments The Trustees are 5alisfied vAth the finanaal position of the thanty ar Cfirn that they have adequate assets availab lo tuifil their obligations. There are no plans to aller the Chtys xtiwties next year. Re•evm pollcy And risk maftagament The Truslees operate an expendable endowment ftjnd. a fund that is invested to wryjuce incomè which Ihe Trustees ¢an utilise to achieve the chariivs aiwts. The Truslee5 have a leg ry)10 wivert all or part of this fvnd into unrestricted lunds can then be ynL 11 the Trustees intention lo rnaintwn unrestric1 and experable endowThent fvnds al least equivalent lo the historic cost valuÈ of invÈstmenls togethervlilh a smal cash balan ol income, partty to enable them to rÈspond qU(ty to appea15 for signthl1 SUPFrf)rt 7thre aptffowate. the timing of wthich is unpredthble. Trust•vJ' rpsponsibilill•s In r•latlon to th• financial Jt•tements The tharity Trustee5 are resPc51t1e for preparing a Trustees. annual rewt and financial stslements in accordance with appli¢>blo law and United lQngdom AcLwnting Standard5 Wnrted ngdoM Generally Accepleii Accounl*w Practice).. The18w aptAi¢able to drilieS in England Wales reqreS the drity trustee to prepare fancial ststements for each year whth give a truè and fair of the state of affairs of the d)8rily and r)f the incoming re50UfCÈS and awication of resources. of the charity for th81 period. In preparing the financial 8ts1èments, the Trustees are required to.. - select suitable aCUntIng m)lioe$ and then apply them consistentty.. - observe the methods and pEinciples in the alab Charibes SORP". - make wdgemenls and e5timate5;
Digitally signed Digitally signed by George Ryan by Scott RICE Date: Date: 2023.08.16 2023.08.16 17:07:19 +01'00' 14:02:55 +01'00' 16 August 2023
THE RIVER TRUST INDEPENDENT EXAIINEFfs REPORT Independent Examlnerfs R•wt to th• Tnmtees of The River Tru I report lo charity Truslees on my ex¥minatTron of the accwnts of the chaiity for the year ended 31 OLrkner 2022. are sel out on pages 5 10 13. RespolbIlitI0¥ and basls of report As the charitls Trustees are respjnsible for the preparnith ofthe &>x)unts in accordarKe wth the requirernents of the Charilies Act 2011 nhe Aoa,). l port in respect of rny exafflination of the thartys aco)unts ¢arTied oul under $ection 145 of the Act and in Carrng out my exarninat]M I have folltrrtd all the applicable th'rections given by the Charity Cc¥nmission und8r secbc¥) 145(5)Ibl of the Ad. This report is made solely to the Chartys TnJsl8es. &s a td¥. in a¢cwdance thilh Pwt 4 of the Charities (Accounts and Reports) Regul81iMs 2008. My Irk has been undertaken 50 that l rnNht stale to the Charitys Trustee$ those matters l am required lo state lo them in an in(IEpendenl examinerfs report and for no other purpose. To ihe lullesl extenl permttled by law, I do nol accepl or aSSUff reSponsity to anyone other than the Chanty and the Charity's Trustaes as a body. for my or Ihh5 rep(yt. Ind•p¢ndent ex•mlnerf$ statement I have completed my examinath)n. I confirn that no matefial mattèrs have c¥yne to my attention in connethy) the examination giving me causè to bdieve that in any material respect.. 1. accounting recid5 Te not kepl in [¢¢1 of charity as qlld by section 130 of the Act: or 2. the accounts do not acC(d with Ihose rects; or 3. the acCnIS do not compty with the applicable reqU1mnIS ¢oncerning the fonn and content of aLY))unls Set out in the Charitie5 {Ac¢ounts and Rekxjrtsl Regulations 2(M)8 other than any requirement that ihe accounts gNe a Irue and fair viev/ vthich is not a matter oJnsKlered as part of an independènt examination. I have no concems and have come across no other mattèrs in cs)nnecbon the exarnination to which attentknn should be draym in this report in dtsr to enable a proper understanding of the accounts to be rttathed. Samantha Rouse FCCA DChA Certified Chartered ACCnIrt Kreston Reeves LLP 37 Sl Margaret's Street Canterbury K8nt CT1 2TU Dale 16 August 2023
THE RIVER TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 OCTOBER 2022 Note Unrestricted Fund Expendable Total 2022 TotAI 2021 Income and Endovffliwrt¥ Donations Receéved Investment Income 70,cKwJ.rKI 12,191.54 70,(KIO.00 104,729.77 12.191.54 12.062.72 Totsl Income •nd Endomnents U1191.54 uz.191.54 £116.792.49 Exp•ndiiw• C051 of raising fvnds.. SG Kleinwort Hambr05 Inbpstrnenl Management Fee5 4.346.14 4.346.14 4.882.19 Exp•ndituv• on Charflabk A¢tlvltles: Donalion$ Support Cos¢$ 110.145.IJo 5.628.lJO 110,145.00 17.880.00 122.670.IXI 18.159.1 12,252.00 Total Expenditure £114773.011 £16.598.14 £132.371.14 £145.711.19 Net Expendlturn {£33.581.461 1£16.598.141 {£50.179.60) (£28.918.701 Net GaIn(LO¥s) on Inv•slments Rèalised GainllL0s5) Unrealised Gainl{Loss) cur ncy Gain (37.393.00) (37.393.001 (3,831.431 13,831.431 394.57 394.57 6,189.27 35,172.42 (40.829.86) (40.829.86) 41.361.69 Met Ilovement in Funds in the Year IU3.581A61 1£57A21.001 (£91.009Afj) £12A42.99 Fund Al 31 October 2021 Net Movement of Resources in the Year (TO.427.38) (33,581.461 513.854.99 443,427.61 (s7,428.} 191,009.461 430,984.02 12,442.99 At 31 October 2022 1£104.008.84) £456.426.99 £3S2A18.15 £443.427.61
16 August
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Digitally signed
Digitally signed by by Scott RICE
George Ryan Date: 2023.08.16
Date: 2023.08.16 17:10:03 +01'00'
14:00:20 +01'00'
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TrIE RIVER TRUST NOTES TO THE FINANCIAL STATEA1EIs FOR THE YEAR ENOED 31 OCTOBER 2022 1 A¢¢ounting Policie• These financial statements ha¥e been prep¥ed in ¥cts)rdance wilh the partLar accounting policies described bdow. G•n•ral Infomlatlon The River Trust is an unincorporated regiStett dwrty vnth the Charity C0rNnissn for England and Wal8s, harity number 275843. The regislered office forthe Trust is One Bank Street, Canary Wharf. London E14 4SG. B•Jis of Preparatlon and Assemment of Going Concern The finanrial statement5 have been prepared under the hislorical cost convenlion expt for investments. which hav• been included 8t market value. The ffinancial statements have been prepared in accordance vath the Statement of Recommended PracticÈ". Accounb"ng and Repoth'ng by Charitiès weparing their Finanlxal Slalemenls in accordance the Financial Repoiting Standard applicable in the UK and Repubhc of Ireland IFRS 1021 leffethve 1 January 201918nd the Charities Act 2011. The presentation ffency of these finanaal stat8ffnts is PndS sierling. The figures have not been rounderj. The charity constitutes a publi¢ benefil entity a5 defirEd by FRS 102. The trustees conskler that Ihwe ale no malerTal uncertainlie5 abjut the charitys ability lo clinue a$ a going concern. thee they conts'nue lo adopt thè going conwn basis of accounting in pparing the finanoal slateThnts. Ba818 of Accountl - Income recognition All incoming resources are induded in the Stslement ol Finarrial A(Xivitses when the charity is legally en't1&d lo the incorne and the amount can be quantified asonable ac£ur8cy. In(xJme ta¥ recoverable in relation lo irwestment income 1$ recognised at the lime investsnent income is rewvabk. Donation5 are Tecognised when the thanty has been nolified in wriling of both the amount and seltlefflenl date. In the Èvent that a 15 3ubject to conditions that require a level of perforrnance before the charity is entitled to the funds. thÈ inttjme is deferred and not recognised until either those conditions are fully met. OT the fuhllrnent of those conditi'ons is wheAty wrthin Ihe control of the charity and it is probabfe Ihat those contlitions Vlill be fumaed in the Teporting period. Interest on funds hebj on deposit is irKauded when recer¥able and Ihe amount can be meaSUd reliabty by the charity., this is normalty upon notification of the Iiilere5t paid or payalAe by the bank. Oilridends are recognised once the dividend has been dedared and notiflb"0n has been leVed of the diwdend due. This is nOmial L4)on notffic8llon by our trnent manager of Ihe dr4id8nd yield of the ir7vestrnenl PLYtfolio. - Expendlture cognitiOn Liabilities are recognised as expenditure as soon as there is a IEgal or rrnstructive obligation committing the chanty lo that èxpenditurn. it is probaljle that seluement will be required and the amount of the (IAigabon can be measwed reliabty. l expenditure Is acc(MJnted for on an accnth basis and has been induded under expense categories that aggregate 1 costs for alltson lo ath"wties. Where cosls cannot be d1ctlY attribuied to particular activib.es they have been auocated a basis conslent wih the use ol the resource5.
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 - Exp•ndiiure recognilion ¢onllny•d Gran15 payoble are charg•d in the year *then offer is rnade Èxcept in those cases where the offer is condilional, such grants being recogni as expenditure when the condf(ions attaching are fulfilled. Grants offered subject to ¢xJnditions whth have not been met at the year end are noted a$ a )Mmitment, but not
mèd as èxpendrture.
Investm•nt• Listed investments are induded in the finanrial stslemÈnts at mid-market value at the 8ce sheet date. Unlisted investments a induded in the balance sheet at their histuical c05t less any amounis written off. Investrnpnls indude cash held fcrf inStMent purp05e6. Fund Structure Income lunds are unrestrKted funds thich are for use at the discretion of the Irustees in furtherance of Ihe general ofye("¥es of the eharty and tAfv'ch have not been dgnated for other purposes. Capital funds comwse expendable end(lents, whereby there is no requiTernent 10 spend the capiial unless, or until. the ¢harity trustees decide to do so. These lund5 are invested lo INo(Juce unrestricied Income vJhi¢h can be spenl in accordance wilh the tharltable obieclivès. Investrnenl In, gains and losses are albxal to Ihe apopriate fvnd. Realiged Gain and Lo•¥ Al gains and losses are taken to the Statement of Fiianual ACtIeS as they arise. Realised 98in$ and losses on investrnents are ralojlated as the dience bets sale5 pro¢èèds and their opening carying value or their purchase value if acquired 5ub5equerrt lo the first day of thè financial year. Unrealised gains and losses are cakulaled a5 the drfferÈneA behveen the fair Value at the year end and their carrying value. Fortlgn Curr•n¢les Monetary a55els and liaty1es denominated in foreign currenoes are tsanslated into $lerkng at the rate ol exchange ruling at the balance sheet date_ Tran5adK)ns in foreign (wrnenoes are rerLtrded using the rale ol exchange ruling at the date of the tsan$8dion. Ex¢hange gwns and losses arising on tTansaLlions in the year are recognised in the Statemt of Financial Arli¥ib"es. Debtors and Crtdltorn These Charity aGcounts have prepared on an acryuals basis and debtors and eredilors have been dea th in accordance vthh SORP IFRS 102). These accounts indude debt5 as defined in Chaiities SORP IFRS102182. The deblors are measured al their recoverable amounts. No amount is reCOverae more than a year after the report9 date, so no adiu5trnent for lime value of money is induded in Ihe anIs. These accounts indude (Cll ¢yedtécvs.' UnIS fallThJ the ce year a5 defined in Clwrities SORP IFRS102110.80. These ueditS arise where there is ¥ or con5tructNe obligion commitbng the tharity lo expenditure, it is probab that 5ettlernenl will be fequired vAthin one year and Ihe amount of Ihè oblatIon can be measured reliabty, yet no matèrial payinent had occurred by the end of the affj)untsng period. The Trustees exyct to make ajl le¥t pay7Tts in Ihe subsequent financial year. Cash ab)d Cash Equivalents The charity does not holtj any short temi, highty IN4Lud inNEstrnents, so the cash at knk figur8 is entirety ccrfnprised ol athial cash in bank accounts.
THE RIVER TRUST NOTES TO THE FINANCIAL STATEPIENTS FOR THE YEAR ENDED 31 OCTOBER 2022 2 Donatlons R¢¢•iThl 2022 1021 Emest KletnvAJrt Charitable Trust Prior year Gift Aid lax credit off 70,CXM).trf) 105,Ol.0o 1270.23) £70.LKN).LN) £104,729.77 3 In¥•*knonl kncome 2021 Income from In¥eStThts 12,191.54 12,082.72 £12,191.54 £12,062.72 4 Donation• to Ch•rlt•ble Inslitsrtions 2022 2021 Advanment of Christian Faith- IS Don•lloMJ) Breakout Trust Christian WlOn fcr Men Leaders of Worship and Preachers Trust Penny Trust St Peterfs Brigh Stewards Tr(rsl Sleward8hp Youth With A MissiL 1,Cl)O.CQ I,0.00 I.0.[1 1,000.00 2,000.00 4,500.00 11,500.00 8,720.00 2.¢XIO.CKI 9.575.¢)J 12.570.(KI 26.14&00 28.720.00 Chuvch Funds-11 Don•llonl Barcombe Parochial Church Counc 10,IYJD.CV) 12,orffj.00 10.OIXI.00 12,000.00 Missionary w0-17 Donatlons) African Entsrprise Churth Pastoral Sooety Footsleps Foundation Inlemallonal Innovista Intern8ti(m81 Inlemational Justice Mission Mis&on Without Borders Opefation Mobilisation UK PioneeTS UK Ministries St Stephs Sotsety 1.Cl)J. 4,gJ).(Y) 2,LMJO. 2.0. 3.0. 3.rAJo.(M) 1.000.00 3,C¥)O.l)O 2.000.00 2,C4JO.00 3.[.00 2.,C4)0.00 2,C4X).00 2,CQO.C 17,500.00 17.000.00
THE IIIVER TRUST MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Religiou5 Educatlon- IT DoMtl¢)ns Ashburnham Christian Trust (ACT) Bib Society CARE Chasah Trust Haggai Institute Lighthouse Central Scripture Union ISU) UCCF.. The Christian Unions wliffe Bit4e Translators 3..00 2.5.00 5.ryxs.00 5.WO.00 3.(MJO.(KJ 2.500. 6.500.C*) 5,500. 1,000.Q) 1,000. 5,000.00 1,500.00 1,500.00 2,(KKJ.(M) 1,000.1)J 1,5.(1) zo.oooj 27.500.00 Rdigious Welf•re Work- {• DoMllon•) Beauty from Ashes Care for the Family CMS Open Doors UK Relationships Foundab"on Release Intematsonal The Marriage Foundab. The Prison Fellowship ZANE 4.1).1)0 2.000 IJO 2,000.00 1,000.IXJ 1,000. 2,(M)O. I,0. 2.1).&) 5.500. 2,CQD.00 2,000.00 1.000.00 1,000.00 2,000.C(J 1,450.00 2,CW.LMJ 15.OIJO.OD 17,950.00 Ml•¢ell•neous-112 Donations) African PasloTS Beachy Head Ch¥aw Team Chloe Talitha Clean Sheet London City Mission Mercy Ships Pa55ion Twst SASRA Sal.7 Sl 8arnabas Hospi Sussex St Peter & St Jaffle5 H05pice Sussex Communty Foundats" Tear Fund 1.500.00 2.000.CK) I,5.00 2,000.00 1.500.(KJ 1,500.C(J 2,$00.CI) 250.00 1,gJO. l.IX)O.C 2,IXKJ.rxs 1,5). 3.750.00 2.500.CKI 1,500.00 1,500.00 1.OLTh).DO 2.OLY].00 1,SOD.00 6,000.00 2,500.00 21.SIMI.00 19.SOOXIO Total Oonations £110,145.C() £122.670.00 10-
THE RIVER TRiIST NOTES TO THE FINANCIAL STATEMErirs FOR THE YEAR ENDED 31 OCTOBER 2022 6 Support Cwts 2022 2021 Unve•trl¢tsd Fund SG Kleinwort Hambffjs Trust Ci¥npany (UK) Lwniéed Fe8S 5,628.00 5.859.00 5.628.00 6.859.00 Expendable Endowment SG Kleinwort Hambros Trust C(Ynpany (UK) rnrted Fees Independent Examinefs Fees Bank Charyes 10.452.00 1,8LXI.00 10,881.Ixi 1,314.00 105. 12.252.00 12.300.00 Total Supprft Costs £17.880.00 £18.1S9.00 6 Related parti•s and Trust. expenw• and mnunwation The thtY does not have a reLationshi) wilh any other ¢hanty or trganisations. SG Kleinwort Hambros Trust Company (UK) Lwnited received a fee of £16.080. 1£16.740.00- 20211 for its seThices as Corp)rate Truslee. The key managemenl penner oflhe charity c*JMrye goldy oflhe trustees ofthe charity who hBve hdd office during the period. Dayina INTrCJark re¢er4e(I rKJ munerat)n {2021.' rif) or expenses12021.' nil) during the year. 7 Inv••tments quoted on a rncognised Sto¢k Exch•nge 2022 2021 Markel Value 8rougM Fard Puithases DispJ5als 395.714.56 381.772.55 342,770.66 (409,904.23) 102,489.49 {129.909.1n 328.580.99 354,352.87 Reali5ed Gainl{Loss) Unrealised GainllLoss) 137,393.(K)) {3.831.43) 6,189.27 35,172.42 Market Valu• 217.356.56 395.714.56 Cash on SG Kleinwc#t Hartiros Accojnt 27.738.44 8.235.21 Totsl Investments £315,095.OlJ £403.949.77 11
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Investrne comprfllng gmter than S% of the PiwthAio 2011 2021 Artemis Income Fund Irthme Unils Axa Global FCTR BNY Melon Fund Managers Henderson Janus Hermes Impact Opp Invesco Assel Managers Ishares IV Worfd SRI ETF Jupiter Japan Lyxor Asset Management World ESG Lyxor UK Gov Bd M&G Chanfund Mutti Unit5 Luxembourg Bond Multi Units Luxembourg Core Mutti Units Luxenknury S&P SXI Piclet Global Rathbone Ethical Bond Robeco LX RCG Slandard LTfe Threadneedle InvestrnÈnt UK Equrfy Inc Zni Nav 5.78 6.61 8.78 14.03 6.51 9.12 5.12 6.49 5.02 7.15 5.99 8 Loans Ib)tsr•t Fr Ytyjlh Wrth A Mi$sion.' repayable rm demand 2022 2021 40,CQD.00 40,000.CK) £40.0th).00 £40,CQO. 9 Credltorn, wnounts fAlllnq kn wlthln one yaar 2022 2021 Independwt Examinerfs Fees 3.114.1)J 1.314.00 £3.114.00 £1,314.00 10 Exp•ndabl• EndOThl PAovem•nt In Fund¥ 2022 2021 Bal¢$ at 31 Octob•r 2021 513.854.99 489,675.49 Gains and Transfers (s7,428.) 24,179.50 Balance at 31 Octobtr ZO22 £456,426.99 £513.854.99 Income is availale general wrposes. The expendable endry4wne is repyesented mainly ty investment5 quoted on a rècognised Sto& Exchange. 12-
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 11 Unr•gtrlct•d Fund Movom•nt In Fund• 2022 2021 lance at 31 OctobBr 2021 (70,427.38) (58,69).871 Gains and Transfers (33.581.46) (11,736.511 Balance at 31 Othr 2022 (£104,(I)8.84) (£70,427.38) The income fvnds of the ty¥•11 be >¢ated by the trustees tovArds charitie5 arxl ¢arilaLqe acti1195. as set OLrt in the Trustees, Report attathed to these finanual Statements. 12 An•ly8I• of net a•ets beivRen funth Expendable End(¥wJDent 2022 2021 InStments Cash al bank other Ient assetsllliaLMlrties) 287.356.56 27,738.44 141.331.99 395,697.81 8,251.96 109,905.22 £456.426.99 £513,854.99 Unrn•trlcted Fund Investments Cash at bank Other nel current assetsllliabt*l 437.15 (104.445.99) 791.84 (71.219.221 1£104.C(J8.841 1£70.427.381 Total Investmènts Cash al bank Other net ujffent assetsl(habilrties) 287.356.56 28,175.59 38,886. 395,697.81 9.043.80 38.686.00 £352.418.15 £443,427.61 13-