THE RIVER TRUST STATEMENT OF FINANCIAL STATEMENTS FOR THE YEAA ENDED 31 OCTOBER 2023
THE RIVER TRUST CONTENTS P¥ge Truslees, Re[rt Independenl Examinerf5 Report Siaternent of Financial ActttleS Balance Sheet Notes to the Finala1 Statements 7-13
THE HIVEH TRUST TRUSTEES. HEPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The Twslees present 115 annual report and financial staternents ol the tharity lor year erKled 31 Oclobw 2023. The linanoal slalements have Kxepared in aordar wilh the accounting policies sel out in note 1 to the financid statements and comply with the charitl5 Iru5t deed, Ihe ChaTlties Act 2011 and Accounting and Reporting by Charilies.. Statement ol RecommetM18d Pracb'ce aliCable lo charities preparing their financial siaiemerKS in accordance Mrylh the Financi Reporting Slandafd applicable in th9 UK aTrJ Republic ol IreL4nd IFRS 1021 Isecond Edtb"on effttte 1 JaTrUy 20191. Legal and Administralive Information Constitution The Flivei Trust is a r8gistered charity governed by a settleryt Deed dated 16 August 1977 Charity Number.. 275843 Reglstered Office The Administrator OrE Bank Slrget. Canary Wharf. Lorx)n E14 4SG Bankers and Investment Ilanagers SG Kleinrrt Hambr05 Bank Limited One Bank Streel, Canary Wharf. LorKlon E14 4SG Independ8nt ExamIr9 K¥eston Reevgs LLP 37 Sl Margargys st1. Can1eury. Kent CT1 2TU Soliciiors Irwin Mit¢l Thomas Eggar House. Friary Lana. Chthesler, P019 1 UF Trust• Damna Irv*7n.Clark Jessamy Shreeves IApwinted 26 February 20241 SG Kleinwort Harntrffos Tst Company IUKI Liffliled Dir9dors'. Rachel Iles and George Ryan Mrs G M Warren th9 settlor had the power ol a4)px)irrting new Tru51ees until her death on 10 May 2022, provKled that the total number ol Trustees shall not exceed six. FolkIn9 Mrs Warren'5 death, the Trustees can from time lo lime use the statutory po¥S ol aFp¢intment contained in the Trustee Act 1925 to aFpoinl Trustees. Lg9al and administrative information sel out on page 1 forms part ol this rewrt. The linancial statements have teen prepared in accord&xe Mlh Seclion 45 01 the chan.15 P£1 2011. ar revised Statemenl of F4ecornmended Practice FRS102. Objects of the charlty The objects ol the charity are lo pay or ? the capitJ or Irome ol the tr1 to advance the Evangdical Christian faith worldwide by such means being chariiable as the Twslees may delermine. Grant maklng pollcy The Tru5tees' CLJrrenl wlicy is lo consider all written aPFeats Te1Ve(l. but only successful apFdi¢ants are notifie(J ol the truslees, decision. DonatirS are deCe¢l wthully. and it is Unusu lor th& Trustees to respond lavourably to unsolicited appeds.
THE RIVER TRUST TRLISTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Appolninwt of truslges and charlty organlsatlon The Charity Is managed by the Trustees who are appointed under the lemis of the Trust Deed. vthth daily adminislralion being dealt wth by the corporale Trustee. SG K1n1)rt Hambros Trust Company IUKI Limiled. No fund r&sing is urn1ertaken lo sutwrt the woth ol Ihe chaTIty. Flnancial review and in$1M¢nI policy The financial slalemenls cover all aetNrties ol the charity ring the year. Gross income lotall8d £74,957.60 1£82.191.54 in 20221. of w17i¢h £108,235.001£110,145.00 in 20221 wa5 MMItted lo charilatrAe donations and £21,841.491£22,226.14 in 20221 lo management arKI adminislralion. Under the governing document, there are no restrictions on the charitls power lo invest. The overall investmenl policy is lo achieve long term capital growth in real lem7s. whiLsl pmwding a wekj al least In line wlh the UK equity arket. Charily's public benellt rhe Trusleas have ensured Ihal all actiwlies throughout the perisxl have been lor th? interest ol public benelil. This is evKlen¢ed by the contributions made fo charrties tolalling £108.235.001£110,145.00 in 20221. The Trustees confi'rm Ihat they have referred lo the guthnce conlaned in the Chwity Commission's gerwral guidance on Put1¢ tenelit when rBwewng Ihe charitys aims and objectives and in planning lulure adivitie5. Related parties The charity thes not have a relationship wth any other charity or organlsaln> Reviow of the actlvitles •nd Oe¥¢lopmenls The Trustees arè satislied wilh the financial position ol tt Charity arn1 confirm Ihal tY have adequate assets available lo fulfil their OblHJats. Tlre are no plans io atter charitys activities next year. Resorve5 policy and rlsk managgmant The Truslees 0rate an expendable end0ent fu. a lund thal is Invest to produce income which the Trustees can utilise to achieve the cl)anly's ams. The TnJstee$ have a legal P0r to convert all or parl ol this fund into unreslricted funds which can then be ¥fit. It is the Trustee5 intention lo mwnlaj'n un¢rIctj aThJ exjable eTrJowment tunds al least equivalent to the historic cost value ol Investments logelher With a small cash balance of income, pat11y lo enaft Ihern to respxjnd quickly lo aFpeals lor significanl SLWrt where appropnale. the liming ol 1¢h is unpredictable. The Trustees acknowledge that the unreslricted funds is in defictt. and have pul pL4ns in place such Ihat Ihey are wming to reduce the deficit acioss the next live years. Trustees. respons111(1e in relotlon lo the tinanclal statements The charity Trustees are reSponsie lor preparing a Truslee5' annual rep)rt and linanoal slalements in accordance with aw)licable law and United Kingdom Accounting StarKlards Iunilwj Kingdom Generally Accepted Accounting Practice).. The law applicable lo Charities in Engla and we$ requires the Charity Iruslee lo prepare financial slalernents lor each year which gsve a true and Iwr wew ol the slate ol allairs ol the charity and of the incorning resource5 and applicalion of resources. ol the charity lor that peri¢xl. In preparing the financial slalemenls, the Trustees ar& required to.. - selecl suitable accounting policies and then awy them consistentty.. - observe Ihe methS and principles in the aFWicatJe Charities SORP- - rnake jLkYgements arKI esbmales", - stale whether aFplicable accounting starKlards have been folkjwed, 5ubiecl lo any material departures Ihat musl be di10$ed and explained in the financial slatements.,
THE RIVER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 - prepare Ihe linanoal slalements on Ihg goirKJ concwn basi5 unless Tt is wwcpriate lo prasumg Ihat th9 charily wll ntinUe in bjsiness. The Trustees are resFonsibk lor keeping proFer accounting recor(ts that dis¢Yose %%ilh reasonable acturacy al any b'me the fina1 posilion of the charity arKI to enable them to ensure that the financial stalarnfrnls cornply with the Charities Act 2011, the a118 Charits"es (A¢Un aThJ Rewrtsl Regulalions, aTrJ the prr)visions ol the Trust Deed. The Trustees aw8 $0 r9¥S11e for safeguarding the asseis ol the charity and taking reasomatye steps lor the prevention and delKlion ol traud and and other iiregulanties. vlna In¥ln-Cl8rk Shreeves 10 September 2024 SG Klelnwort Hambros Trusl Coryany IUW Umlt
THE RIVEFI TRUST Independent Examlner's R•port to the Trustees of The RI Trusl I reporl to charity Trust on my examinalion ol Ihe a¢Unts ol the charity for the year ended 31 C10tr 2023. whh are Set oul on Fiage5 5 to 13. Responsibiliiles and bagls of report As the Charity's Trustees are responsible lor the PTeparaiitin of the attounts in accdan wth the requiTemenls ol the Charilies Acl 2011 llhe Act'l. I report in respect ol my examination ol the charitls accounis Carr out unoer wlion 145 01 the Act and in carrying out my examination I have Idl(ME(J the apFY¢able DireiDnS given by Charity Cornffli5siw und9r seclKJn 14515llbl of ihe Ath. This rewrt is made solety lo the Charity's Trustees. as a body, in aOrdanC wth Part 4 01 the Charities (Accounts aThY Reporlsl Flegulations 2008. My work has teen undertaken $0 that I might state to the Charills Trustees those mattels l am required to State lo thern in an indwndenl exarninerfs report ané lor no other PuOse. To the ful$1 exleni p8mitted by law. I do not accepl or assume resk¥)nsibility lo anyone olh9r Ihan the Charily and the Charilys Trustees as a body, fof my vrtlrk or this rew)rt. Independent examiner's ststement I have completed my examinatlDn. I confirm that no Malen malters have come to my attenkn.on in Connection Mlh the examination giving me cause to belwe that in any malerial S[t.. 1. accounling iecor¢ls re not kept in respect ol Ihe charty as required by section 130 01 the Acl,. or 2. Ihe aecounis do not accord 7Mlh those records: or 3. the accounts do not comply with the applicable requiremenls concerning the form arnl content ol accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirewnenl ihal the accounts give a liue and lair view. which is nol a matter considered a5 part of an Irhdependenl exafflinalion. I have tx) concwns and have come across no Olher matters in nnectn wilh Ihe examinatson to which attent) should be drawn in this report in oTder io enable a proper und8(slanding of the accounts to be reached. Samantha Rouse FCCA DChA Certified Chartered Accountant Kreslon Reeves LLP 37 St Margaret's Street Canterbury Kenl CT12TU Oate 10 September 2024
THE RIVER TRUST STATEmEr OF FINANCIAL ACTIVITIES FOR THE YEAH ENDEO 31 OCTOBER 2023 Note Unrestri¢led Fund Expend•ble Endowment Total 2023 Total 2022 Income and Endovfflnts Donations Received Investment Income 70,000.00 4.957.60 70.IX)O.00 4,957.60 70,000 00 12,191.54 Total Income and EndowT7Rths £74.957.60 £74.957.60 £82,191.54 Expendilurn Cost ol raising funds.. SG Kleinwort Harnbros Inveslmenl Management Fees 3.266.49 3,266 49 4.346.14 Expenditure on Charttable Activllle¥: Donations Suppxjrt Costs 108,235.QO 5.817.00 108,235.1)0 110,145 00 18,575.00 17,880.00 12.756.00 T¢lal Exp•ndiluro £1 laiOS2. £16,Ir24.49 £130,076.49 £132,371.14 Ngt Exp•ndlture 1£39,094.40) 1£16.iY24.49) {£55,118.891 {£50,179.601 Net GaIn(Lol on Inveslments Realised GainllLossl Unrealised GainllLossl Currency Gain Book Cost Adju5trnent - Franklin Temelon 67.47 1930.351 3087 1189.021 67.47 137.393.001 1930.351 13.831.431 31.41 394.57 1189.021 11.021.031 11,020.491 140,829.861 Nol Mo¥omont In Funds In the Year 1£39,093.86} 1£17.045.521 1£56.139.381 1£91.009.461 Funds AI 31 October 2022 Net Movement ol Resources in the Year (104.008.841 139.093.861 456.426.99 352,418.15 443.427.61 117,045.521 156,139.381 191,CM19.461 Al 31 Octca)er 2023 {E143.102.70) £439,381.47 E296.278.77 r352.418.15
THE AIVER TRUST BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2W 2022 FIX Assgls Investments 241.985.27 315,095.00 Currgnl Assots Cash a¢ Bank Loans 16.153.50 40.000.¢J) 437.15 40.000. 56,153.50 40.437.15 Loss: Curr8ni Li•bilittes Creditors, amoun15 lajling due within one year 1.860.(N) 3,114.00 Net Curront Assets 54,293.50 37,323.15 Amets leg9 Current Ll•biliti•s £296.278.77 £352.418.15 tal Fund Expenclable Endo¥nI 10 439,381.47 456,428.99 IrKome Fund Llnreslricted Fund (143.102.701 (104,008.841 £296.278.77 £352,418.15 The finanual stalemwts wefe ak¥Jroved by Ihe Trustees on 10 September 2024 Davina Irwn-clark y Shreeves For and ¢)n behalf of SG Kleinwort Harrtxos Trust Company IUKI Mile{l
THE RIVER TRUST NOTES TO ThE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 OCTOBER 2023 1 Accountlng Polldes These finane%al statements have been prepared in accordance the PartUlar attounting pjlicies described bekjw. General Informaiion The River Trust is an unincorporated registered chwity with Charrty Commission for England and Wales. charity number 275843. The register1 office for the Trust is Cme Bank Streel. Canary Wharf. London E14 4SG. Basis of Preparatlon and Assessment of Going Concem The financial slalemenls have been prepared under the hi51orical o)st conv9ntion except lor investments. which have been included at rnthel vJue. The linancTral slalements have been prepared in accordance wth the Slalemenl ol Recommended Pfaclice= Accounting ReFy)rting by Charitie5 preparing their Financial Statemgnls In accordance Mlh the Finla1 Reporting Standard aFplicab19 in the UK and Republic ol Ireland IFRS 1021 leffectNe 1 January 20191 and the Charrt$ A¢t 2011. The wesentathon CUT1 of these finanual statements is PouThls Sterliry. The figlres have noi been rounded. The Iruslees have assessed whether IIE use of the going COrern basis 1$ aFpfokYiaie and have consi¢er&J ssible events or conditi¢)ns that might cast signili¢anl th)ubt on the kn'lily of the charity to continue as a ing concern. The trustees have made this assessment lor a period ol at least one year ITOM Ihe date ol approval of the financial statements. After making enquiries the Iruslees have concluded that there 15 reasonable exclai10n Ihal the charity has adequaie resources to conlinue in operational existence lor the foreseeable future. The charity therelore conb.nues lo adoo the going concern tjasis in preparing ils financial statements. Basls of Accounting Income recoqnltlon All incoming resources are Ind in ihe Statemenl of Financial ActltS when the charty is lagally entitled to the income and the an7ount can be quaniilieij th reasonable accuracy. Income tax recoverable in relation lo investment income is recognised at the tIW investment income s receNable. Donations are recognisetl when the chanty has been notrfied in ol both the amount and settlement date. In the event that a donation is suL)R to cOndlOn$ that require a level of performance before Ihe charity is entitl1 to the funds, the income is delefred and Th)1 recognised unlil either those conditions are lully mel, or the fulfilment of those conditions is v•boly within the ol the charity and rt is probthe that those conditions wll be fvifilled in the reporting peflQXJ. Interesl on funds hekl on deposit is i1led when receivab and the amount can be measured reliabty by the charity.. this is noTrnally up)n notification ol Ihe inlerest paid or payable by the bank. Dividends are recognise(l once the dividend has been declared and nolilicalion has received ol the diviaend due. This 1$ normlY uwi nolilication by our inveslrnent manager ol the divthnd yield ol ihe inve$tmenl portfol0.
THE RIVER TRUST NOTES TO THE HNA14CIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 20rJ - E¥pendlture recognition aky"lilies are recognised as eXndItUre as soon as Ihere is a legal or constructive obligab.on commiltsng the charity to that exFendilure. il is probabk that selllernent will be ruired an¢J the amounl ol Ihe obligation can be measured rellay. All experJiture is ac(unied for on an accnjls basis and has been inclL•J&J urKJer expense caleg¢yi9s that aggregate all costs lor allocalion to actiwlies. Where costs cannol be directly altrilted to particular acb'vilies they have been allLKated on a basis conwstenl wlh Ihe usp ol the resources. - Expendltur¢ recognition eontinued Grants paythe are charged in the year Ihe offer is made 9xeept in those cases wlEre the off8r is conditional, such grant5 Ing recognised as expenditure when Ihe o)ndthons attaching are lullilled. Grants offere(I subject lo ¢ondlions wh'ch have not teen al the year end are noted as a comrnitment. but not accrued as expenditure. Investmènts Listed Investments are induded in the h"nancial SteMentS al mKJ-marf(et value at the balance sheet dale. Unlisted investment5 are Included in Ihe balance sheet al their historical c05t less any amounts written oll. Investments Include cash hekj lor inveslffnt purFose5. Fund StnKture Income funds are UntriCted funds thich are available for use al the discrelion ol the truslees in lurtherance ol the general objectives of the charty and which have not been designated lor other PLwposes. Capital fund5 comwise expendable endowmenls, whwety there Is requInnI lo s[d the capital unless, or until, Ihe charily trustees thcide to do so. These furxls are Invested to produce unrestricted in¢ome which can te spent in acccKdan¢e 7Mth the ¢arit&e obiecbves. Investment irOMe, gans and losses afe aMo¢aled to ttrE approate lurnl. Rgallsed Gains and Losses All gains and105ses are taken lo the Statemenl ol Fsnancial Activities as they anse. Realis1 gains and losse5 on Investments are calculated as the dilferertt tween sales preedS and Ih¢ir opening carrying value or their purchase value if acquired subsequent io Ihe first t1ay ol the finala1 year. Unrealised gains and losses are Calculated a5 the di[feree between the l&r ¥0 at Ihe year end and their carrwng value. Foreign Currencl•s Monelary assets and liabililies denominated in foreign wttenci8s are translated into sterling at the rale ol exchange ruling at the balance Sheet dale. Transa¢lions In foreign currencies are recorded using the Tale of exchange ruling at the date ol the Iransacts"on. ExchaThJe gains aThJ losses arising on Iransacb'ons in the year are recognised in tl Stalennt ol Financial Act1vrt.
ThE FtIVER TRUST NOTES TO THE FINANCTAL STATEVAEPs FOR THE YEAR ENDED 31 OCTOBER 2tr23 Debtors and Cr•dltors These Charity accounts have trwn prepar1 on an a(%ruS basis and debtors aNI creditors have been i*alt with In accordance wth SORP [FRS 1021. These accounts include deblors as defined in Charilies SORP IFRS1021 B2. The debtors are rneasured al their recoverable amounts. No amounl is recoverabb more ihan a year arter the reporling date, so no adjuslmenl lor lime value ol money is included in the ac¢ounls. These accounis in¢lLvJe IC11 u8(lilors.' amount5 falling due within one year as delingd in Charities SORP IFRS102110.80. These credilors arise where thefe is a legal or construclive obligation committing the charity to expenditure, It is probable that selliement wll be required wthin one year and the amunl ol the obligation can be measL4red reliably, yel no malerial payThent had occurred by the end ol the accounb'ng period. The Trustees expect to make all rean1 payments in the subsequent financial year. Cuh and Cash Equivalents The Charity does not IK)Id any short term, highty IiquKI investments. so the cash al bank figure is entirety comprised ol aclual cash In bank accounts. 2 Donations Re0¥9 2023 2022 Ernest Kleinwort Gharilablg Trusl 70,0 00 70.000.00 £70,{.1)0 £70,000.00 3 Investmont Income 2tr23 2022 Income from Inve5tmenis SG Kleinwort Harntsos Bank Interest 4.711.82 245.78 12,191.54 £4,957.60 £12,191.54 4 Donatlons io Chlrliable Inslllullons 2023 2022 Advancemenl of Chrlstlan Falth-15 Oonatlom) Bieakout Trust Friends Internalional Leaders of Worship aThJ Preathef5 Tntst Stewards Trust Stebwdrdship Youth With A Mission 1.000.00 2.500. i.000.00 2,000.00 12.250.00 10,035.00 1.000.00 2,000.00 9,575.00 12,570.00 27.785.LKI 26,145.00
THE RIVEH TRUST NOTES TO TrIE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 OCTOBER 20rJ Church Funds . {1 Don•tlonl Barcombe Parlhla1 Church Cwrtil St Marys Church Slaugham 10,0.00 1.200. 1.200.11 10,0.00 Mls$lonory Wort-19 Donatlonsl African Entefprise Church Pastoral Sc¢ Footsteps Foundation Internatnal Innovisla International Inlefnational Juste Mission Mission Without Bor(lers Pastoral Work in Rio de Janeiio Pioneers UK Ministries St Stephens Society 1.000.LKS 3.INJO. 1.O.{X1 2,500.00 2.OfyJ.00 1,500 2.000 00 2,000.00 2,000.00 1.000.00 4.500.00 2,000.00 2,000 00 3,OCIJ.00 3.OC4).00 2,000.00 17,OlX).(KI 17.500.00 Religious Educatlon-17 DoMtlon81 Ashburnharn Chrisban Trust IACTI Blbb kniety CARE Chasah Twst Scriplure Union ISUI UCCF: The Christian Unions Wycliffe Bible TTansLalors 2.000.¢X) 2,500.00 5,000.IJO 5.1)00.(4] 2,000. 1,000. 1,51xJ fAI 3.000.00 2.500.00 5,000.00 5,000.00 2,000.00 1.000 00 1.500.00 19.1I)O.tXI 20.0. Afjllglouy Welfare Work-19 Donauonsl Care for Ihe Family CMS Open Doors UK Aelalionships FourKlatson Release International The Marriage Foundabon The Prison Fellowship Youth lor Christ ZANE 4.MJ 00 2.000.00 2,000.00 1.000.00 1,000.00 2.000.C(J 1.000.00 2.000.00 2.000 00 4.000.00 2,000.00 2,000.00 1,000.00 1.000.00 2.000.00 1,000.00 2,000.00 17.OlXI. 15.(KIO.(XI 10-
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 OCTOBER 2023 Ml$celIane¢x- (12 Donations) African Pastor5 Beachy Head Chaplaincy Team Clean Sheet nking Lives UK London City Mission Mercy Ships Passion Trusi PCC Sl Cuthmans SASRA Sat-7 St Barnabas Hospices Sussex Sl Peter & Sl Jame5 H05pice Sussex Cornmunity Foundalion Tear Fund 1.51X) 00 2.1XK).00 1.500 00 2,000.00 1.500.00 2.500.00 1,500.00 2,000 00 1,500.00 I,soo.00 2,SQO.00 250.00 2.000 CII 1.51KJ.00 2.1)00.00 2.(KlO. 1,500.00 1,000.00 2,000.00 1,500.00 3,750.00 2,5.00 3,250.00 4.500.00 26,250. 21.500.00 Total Donallons £108235. £110.145.00 5 Supwl Cost$ 2023 Unreslrlcled Fund SG Kleinwort Hamt*os Trust Company (UK) Mited Fees 5.817.1XJ 5,628.00 5.817.00 5.628.00 Expendable Endowment: SG Kleinwort Hambros Twsi Cornpany (UK) Limiied Fees Indewndent ExamineI5 Fees '8ank Charges 10.803.00 1,860.00 10,452.00 1,800.00 12.758.IN) 12,252.00 Total SupF¥Jrt Costs £18.575.00 £17.880.00 6 Related partios and Trustee$. expenses and remunerallon The charity doe5 not have a relationship with any other charity or organisalions. SG Kleinwort Hambfos Trust Company IUKI Limited r&&ved a fee of £16.620.IY) I£16.080. - 20221 for ils services as Corporaie Trustee. The key management personnel ol the eharty comwse solely of the trustees of the charity who have hekl office during the period. Davina lrnin-clark ieceived no remuneration12022.' nil) or expenses12022= nil} during The year. 7 Investments quoted on a recognised Stock Exchange 2022 mark Value 8r¢JJght Forward 287.356.56 395,714.56
THE RIVER TRUST NOTES TO THE FINANCIAL STATEPAENTS FOR ThE YEAR ENDEO 31 OCTOBER 2023 Purchases Disposals .218.03 (130.861.151 342,770.66 1409,904 231 239.713.44 328,580.99 ReISed GainllLossl Unrealised ILossllGain 67.47 1930.351 137,393 001 13,831.431 Mgrkel Valuo 2W850.56 287.356.56 Cash on SG Kleinwort Hambros Account 3,134.71 27,738.44 Tolal Investments E241,98527 E315.095.00 Investments comprising greater than 5% of Ihe Portfollo 2023 2022 Axa Globd FCTR Henderson Janus Herrnes Impact C Ishares IV World SRI ETF Lyxor Asset Management World ESG Lyxtsr UK Gov Bond MUNI Units LUxemiUlg Bond MUNI Units LuxemlJ)urg Core Pictei Global Aalhbone Ethul Bond Aotco LX RCG ThemaD"cs Safety Fund 6.96 6.61 6.78 6.03 9.44 14.03 6.51 6.53 6.49 6.63 7.14 9.87 12.79 11.29 7.03 7.24 6.82 6.30 8 Loans Intorest Fr8 Youtb Wilh A Mission.. repayable on demarvl 2022 40.000. 40.0.00 £40,0. £40.000.00 9 Creditors, omounts tslllng due wSlhln one y 2022 IndepEndent Examiner's Fees 1,860.00 3.114.00 £1.860.00 £3,114.00 10 Empgndable Endowfflenl IAov8m•nt in FurKI$ 2023 2022 l•n¢e 31 October 2022 456.426.99 513.854.99 Gains aThJ Transfers 117.045.521 157.428.001 12-
THE RIVER TAVST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EfrJDED 31 OCTOBER 2023 Balance at 31 Oclobw 2023 £439.381.47 £456,426.99 Income is avalable lor general purposes. The exper¥Jablg enthythmpnl is represented mainly by inveslm&nls quoled on a recognised Stc¢k Exchangg. 11 UnrestrScted Fund m0M•nI In Fund$ 20tJ 2f22 8•lan¢e •t 31 October 2022 <104,008.841 170,427.381 Gains and Transfers 139,093.861 133,581.461 Balance at 31 October 2023 1£143,102.701 1£104.008.841 The income funds ol Ihe eharily wll allocated by the trustees t(Awd5 charities and charitable activities. as set out in the Trustees, Report attached lo these financi statements. 12 Analysls of not a$sets belwoen lund9 Expondabla Endowmenl 2022 Inveslrn8nls Cash al bank Other net currert assetsllliatmlitiesl Z38,850.56 3,134.71 197,396.20 287.356.56 27.738.44 141,331.99 £439.381.47 £456,426.99 Unrestrlctgd Fund Investfflents Cash at bank Other nel cUrn1 assetsl(.ablI1lIe$1 16.153 50 {159.256.201 437.15 (104,445.991 1£143.102.701 IE104,008.841 Total Investments Cash al bank her nel current assetsllliabilitiesl d8.850.56 17,963.81 39.464.40 287,356.56 28.175.59 36,886 00 £296.278.77 £352,418.15 13-