THE RIVER TRUST STATEMENT OF FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 OCTOBER 2024
THE RIVER TRUST CONTENTS Pag• Trustees, Report Independent Exominerfs Report Slalement ol Financi81 Actlvllies Balance Sheet Note$ lo the Finaneial sl8temenl8 7-14
THE RIVER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 The Trustees present ils annual report and financial slaternents of the charity for the year ended 31 October 2024. The financial statements have been prepared in accordance wth Ihe accounting policies sel out in note 1 to the fin8ncial 8t8ternent5 and compty wlth the charity8 trust deed. the Challtles Act 2011 and Accounting and Reporting by Ch8rifies'. Stalemenl of Recommended Practice applic8ble to chantie preparing their financial slalements in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Second Edition effective 1 January 20191. Lègal and Admlnl•trntlv• Inlormatlon Con•tltutlon The River Trust is a registered charity governed by 8 Selllemenl Deed dated 16 August 1977 Charity Number.. 275843 R•gl•t•rnd Ofnce The Admlnislrator One Bank Street, Canary Wharf, London E14 4SG B•nk•r• •nd In¥••tm•nt M*nag•M Kleinwort Hambros 8ank Llmiled One Bank Street. Canary Wharf, London E14 4SG Ind•p•ndont Examln¢rn Kreston Reeve8 LLP 37 St Marogret's Street, Cgntarbury, Kent CT12TU Sollcltorn INdn Mitchèll Thomas Eggar House, Friary Lane, Chicheoler, P019 1 UF Tru•te•• Davlna 1Thn-clrk Jessarny Shreeves (Appointed 26 February 20241 Kleinhyjrt H8mbios Tiusl Company IUKI Llmited 01Ctor5.. R8chel Iles and George Ryan Mrs G M Warren the ielllor had the power of appolnting now Trustees until her death on 10 May 2022, provided th81 the lotBI number of Trustees shall not exceed Six. Follwng Mrs Warren's death, the Tru5tee5 can Irom Ilme to tlme use the slalulory powers of appointment contained in the Trustee Act 1925 to appoint Trustees. Legal and admin151rative Information sel out on page 1 forrns part of Ihi5 report. The finJncial 8talernenl8 have been prepatY In accordance with Section 45 of the Charilies Acl 2011, and revlsed Staiemenl or Recommended Practice FRS102. Objèct# of Ihè eharlty The objects of the charity are to pay or appty the capital or income of the trust lo advance thg Evangelical Chrisilan lailh rIllWide by such rneans being charitable as th8 Trustees may determine. Grant maklng poll¢y The Tiustees, curienl policy 15 to con8ider all wvilten appeBIg received. but Dnly 5ucce5sful applicant5 are notified ol the trustees, decision. Donations are decided periodically. and it is unusual for the Trustees lo respond favourably to un501icitèd Jppe81s.
THE RIVER TRUST TRUSTEES. REPORT FOR TrfE YEAR ENDED 31 OCTOBER 2024 Appolntrnent of trustses and charfty organlsatlon The charity is managed by the Trustees ¥vho are appointed under the terms of the Tru$1 Deed, th daily administraiion being dealt with by the corporate Tnjslee, Klelnwort Hambros Trust Company IUKI Limltad. No fund rai51ng Is undertak8n ta support the work or the ch8rily. FSnancSal r•vlow and Investin8nt pollcy The financial 51atements cover all the acliwties Df the charity during the year. Gross Income lotalled £94,897.51 (£74,957.60 In 20231. of which £104,950.001£1 oe,235.00 in 20231 was eammrtted lo charitable tJon8lions and £22,345.21 1£21,841.49 In 20231 lo management and 8dministralion. Vnder the governing document, there are no reBtrictions on the charills power lo invest. The overall investment policy IB to chieve long term capital growth In real terms, whilst provlding a weld al least in Ilne wllh the UK equtty markel. Charlty• publlc bonellt Tho Trustees have ensured th8t 811 actlvltlos throughout thè perlod havè bè8n for thè Intef•st ol publlc benelil. Thi$ evidenced by the conlribulion5 rnade lo CharleS ¢olalling £104,950,001£108,235.00 in 20231. The Trustees confifm that they have referred to the guidonce con19ine4 in the Charily GomrnS$$ion's genero1 guidanc8 on publlc b6n•fit wh8n r8vI8ng thè charlly'i aim8 and oblaetivis And In planning futur8 dCtivlll88. R•lated partlol The charlty does not hyve a rel?lionship ¥th ¥ny other rharity or or9anisalions. Revlew of the •ctlvltle¥ and future developrnent The Tru81ees are satisfied wllh the financial position ol the charity an(J confirm Ihal Ihey have adequote asset5 avallable to lulfil their obllgallons. Ther8 ale no plan¥ to alter the chgfily's activilles next year. R•••rv•• polley and rl•k m•nag•m•nt Tha Trusteès operate an txpend8blE endowmvnl lund. a fund th31 ij inve$led lo pruduce InGome whlch the Trustee5 can utili88 10 8chl8ve the charitls alma. Thè Tw31ees have 8 legal power to convert all or p8rt of Ihis fund into unrestrlcled lund8 which can then be spent. It 13 the Trustees inlenlion to maintain unrestrlcted and expendable en¢Yowpnent funds al leasl equlv8lenl to the hlstoric cost value of investments together with a SMAII cash balance ol income, partly to enable them lo respond quickly lo appeals lor significanl support where approprtale, the limlng ol which is unpredictable. During the penod, the Trustees have reviewed the balances on the Bxpend8ble endowment fund and the unrestricted fund. The Trustees have deemed il appropriate lo convert part Df the endowrvenl fun4 into unreslricted funds. and this has been posled by lunds transfer5 in the current and prior years. This include5 a prior year adjuslmenl lating lo the historic unre3lricted fund balance. The Trustee5 will continue to review the balance5 on the expendable endowment and UnStricted funds, and will convert the endowment fund Into Income as they deem apporprtate. Tru•le••' respon¥ibilitl?I In relation to the flnanci41 ¥tstemgnts The charity Tru51ees are responsible for preparing a Trustees, annual report and fin8nci8151atemenls in accordance wth applicable law and United Kingdom Accounts"ng Standards Iunited Kingdom General Accepted Accounting Pfacticel.,
THE RIVER TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 The law applicable to charities in England and Wales requires the charity trustee to prepare financial statements for e8ch year thich gwe a true an¢Y fair view of the slate of aff8irs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial $18teMenls, the Trustee5 Sie required to.. select sullable accounting policies and then appty Ihern cons18lenlty, observe the methods and principles in the applicable Charilies SORP., make iudgernenls and 8slirnat?5". slate whether applicable accounting slgn(Jards have been followed, subject to any material departures that rnusl be disc105ed and explained in the f1nancial statemenls., prepare the financial slat&menls on the going concem basis nI6$S tt is Inapproprlate to presume that the charity 11 continue in bu8inèss. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy 18ny lime the fin8nci81 pojilion ol Ihe charity lo enable them lo ensure that the lin8ncial statements cornpty wllh the Gharilles Act 2011, the applicpble Charitles (Accounts Dnd Reports) Regulations, and the provision5 01 the Tru51 Deed. The Tru8lee5 8re also responsible for 58fegu8rding the 85set8 of the chailty nd taking reasonable slep8 for the prevention and delection of fraud and and other irregvlarities. avlna Irwln£l•rk my Shrg•ve• Klelnwort Hambrns Trust Company Kl Llrnlted Oate
THE RIVER TRUST INDEPENOENT EXAMINER'S REPORT Independent EumIneN Report to the TruBtee¥ of The Riv•r Trust I report lo charity Twslees on rry ex8min8lion ol the accoun16 of the charfty for the year ended 31 O¢lT)b$r 2024, thich are set out on pages 5 to 14. Ropon8lbllltle8 and b#l• ol fvport As the charity5 Trustees are responsible lor the preparation of the accounts in accordance with the requirernents ol the Charities Act 2011 I'lhe Acl"). I report in Tespecl of my examination of the chAriWs accounts carried out undei section 145 of the Act and in carrying out my examination I have follod 311 the gppliGablg DiroGlion$ given by the Cho11ty Cornrni55ion under section 14515llbl of the Act. This report is made solely to the Ch8rity$ Trustees, 9$ a body, In accordance with Part 4 01 the Charttie8 (Accounts and Reports) Regulations 2008. My work has been undertakèn so that I might slate lo the Chgrily's TruBlees those Fn81ters l am required to state to them In an independent examinerfs report And lor no other purpose. To the fullest exlenl permilled by law, I do ncl accept or assume respon5ibilily lo anyone tsth8r than Ihe Charily and the Charity'5 Tru31ees 88 a l)ody, lor my work or this report. Indendent 8xamln•r' •ttem*nt I have cornpleled my examination, I confimi that no material matters have corne to rny allenlion in connection with the examination giving me c8use to believe that In any material respecl.. 1. accounllng records wer¢ not kopl in r?Jpgcl ol the charity required by •erli¢n 130 01 Ihe Act,, or 2. the accounts do not accord with those records. or 3. the accounts do not comply th the applicable requirernenls concerning the fDrm and conlenl ol accounts s•1 out In the Charities (Accounts and Reports) Regulations 2008 other than any requirernenl that the accounts give 'Irue and fair vievl which is not a rnalter considered as part of an independent examlnallon. I have no concems and have come across no other matlers in connection with the exarnlnallon lo vthlch atlenllon should be drawn In thls repari in order to enable a proper understanding of the accounts to be reached. Am2.- Samantha Rousè FCCA DChA Certrfied Chartered Accountant Kreslon Reeves LLP 37 St M8rgaret'5 Street Canterbury Kent CT1 2TU Date 21 August 2025
THE RIVER TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDÉD 31 OCTOBER 2024 Al restated Total 2023 Not• Unre5trlcted Fund Expendable Endowment Total 2024 Income and Endowm•nt• Donallon3 Received Investment In¢orn 90.000.00 4,897.51 90,000.00 4,897.51 70,000 00 4,957.60 Total Incorne and Endowm8nts £94,897.51 £94.897.51 £74,957.60 Exp•ndlture Cost of ralslng lund8'. KIBinwort Harnbros Inveotrnenl Management Fee$ 2.895.21 2,895.21 3,288.49 Exp•ndlturn on Charltsbl• Actlvltle•'. Donations Support Colts 104.950.00 8,027.00 104.950,00 108,235.00 19,4SO.00 18,57S.00 13,423.00 Tot•1 Exp•ndlturè £110,977.00 £16,318.21 £127,295.21 £130,076,49 Not Expvndltur• 1£16,079.491 IE16,318.211 1£32,397.701 1£55,118.891 Nel GalngllLo••l on Inv••tm•nt• Reali5ed GainllLDssl Unalised GalnllLossl Currency Gain Book Cost Adjustmant- Franklln Templelon 4,715.80 23,600.76 175.751 4,715.80 23,600.76 177.321 67.47 1930.3SI 31.41 1189.021 11.571 11.571 28.240.81 28.239.24 11,020.491 Transfer between Fund8 18.081.06 118,081.061 Net Movemènl In Fund• In the Year 1£4.158.461 1£4,158.481 I£S6.139.381 Fund• At 31 October 2023 (as restated) Net Mavemenl of Rpsources in the Year 296,278.77 296,278.77 352,418.15 14,158.461 14,158.461 156,139 381 At 31 Oclober 2024 £292,120.31 £292,120.31 £296,278.77
THE RIVER TRUST BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2024 As tated 2023 Not• 2024 Flxed A•set* Investments 254,076,87 241,985.27 Curr•nl A•81 Cash at Bank Loans 143.84 40.000.C 16,153.50 40.000.00 40,143.64 56.153.50 L8.. Current Llabllltle• Credilors, amounts falllng due thln one year 2,100.00 1,860.00 Net Curvont Ajiets 38,043,64 54,293,50 A•••t• l••• Current Llabllltl £292,120.31 £29e.278.77 Capltal Fund Expendable Endowment 292,120.31 298,278.77 Income Fund UntriCted Fund £292.120.31 £296,278.77 The finanrAal staternents wer8 approved by thè Trust&e$ on 2 2025 avina Itwin-Glark Je5sarny Shreeves For and on behalf ol Kjeinwort Hambros Twst mpany IUW Limited
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 1 Accountlng Pollcles These financial slalements have been prepared in 00[4¥ne with Ihe particul8r CountIng policies described below. G8nérnl Inform#tlon The River Trust is unincorporated registered charity with the Charity Commission lor England and Wales, charity number 275843. The registered office for the Trust is One Bank Street, C8nary Wharf. London E14 4SG. 8a•l$ of Pr•pirntlon and A•i••m•nl of Golng Coneérn The financlal stal8m•nl$ hgve bgen prep?red under the hi3lorical c05t convention except lor Investment5, vdhich h8ve been Included at market value. The financial ststemenls have been prepared in accordance with the Slalemenl of Recornrnended Practice.. Accounting and Reporting by Charities preparing their Flnancial Stat8rnenls in accordance with the Financial Reporting Slanda¥d applicable in the UK and Republic of Ire18nd IFRS 1021 lelleclive 1 January 20191 and the Charities Act 2011. The pr68enl4lion ¢ufrency of Ih¢se financial slalemenl$18 P¢und$ Slerfln9. The flgurej have not been rounded. Tho trust••s have assessed whether the use of the golng concern bas18 16 appropriate and have con6ldered P05sible events or condilicns that Might caJt significant doubt on the ability ol the charity lo continue as a Going concern. The trustees have made this a53essmenl lor a period of al least one year from the date of approv81 of the linancl8181atements. After making enquines the trustees have concluded that ther• Is reasonable expectallon Ihal the charlly has o4¢qug1¢ ie50uices lo conllnue in operational exl3lence for Ihe foreseeable future. The charity thor8fora continuas lo adDpI the going concern bas15 in preparing ils financlal $18l¢menls. B#l• of Aceountlng Incomo recognltlon All incoming resource3 included in the SIBlemenl ol Financial Aclivllie3 when the charity 15 legalw entitled to the income and the amount can be quantilied wth reasonable accuracy. Income lax recoverable In relallon lo inveslmenl income is recogni5ed 81 Ihe time Investment Incom8 Is rècalvable. Donations are recogh15ed when the charity has been notified in writing of both the amount and seltlemenl d8te. In the event that a donation 15 subject lo conditions thal qUIre a level of perfomiance before the chadty Is entitle(J lo the lunds, the Income Is (Jelerred and not recognised until erther tho$e conditions are fulty rnel, or the fulfllmenl of thosè condltions 58 wholly *thIn the ronlrol Df the charity Bné il is probable that those condilions wlll be fulfilled in the reporb'ng period. Interest on funds held on deposit is included when receivable and the amount can bg mèasured rÈli8bty by the charity,. this Is nom)81ty upon noliflcation of the Interest paid or pay8ble by the bank. DldendS are recogni8ed once the dividénd h8A bèan dèclareij bnd notification ha8 been received of the dividend due. This is noitrally upon nolificalion by our investment manager of the dividend yield ol the inveslment portlollo.
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Expendlture rpcognition Liabilitie3 are recognised 85 expenditure as Soon as there is a legal or constructive obligation comrnilllng the charity to that expenditure, it is probable that settlement will be requlred and the amount of the obligallon can be measured reliably. All expenditure is accounted for on an accrua15 basis and has been included under expense categories that 8ggregale all costs for allocalion to activlties. Where costs cannol be directly attribuled to particular activities they have beeTh allocated on a basis consistent ¥wlh the use ol the resources. Expendlture recognitlon contlnued Grants payable are charged in the year when the offer is made except in tho8è casés whtl8 the ofter Is con(Jilional, such aran15 being rewgni5ed a5 expenditure the condltion3 altathing are fulfilled. Grants offered sublecl to condltions whlch havè not been mel Bt Ihe year end are noted as a commitment, but not occrued 08 eypendltura. Inv•$tmont8 Ll8leé investments are included In the financial statements at mid-rnarkel value al the balance sheet date. Unlisted inveytments are included In the balance sheet at Iheir historlcal cost less any amounts ltIen off. Investments Inrlu4e cash held for invv$lTn¢nl purpos08. Fund Stru¢ture Income funds aw unre$trl¢led lund$ which are available IDr use al Ihe dlscretion of the trustee8 in further8nc¢ L)f tht general objectiv86 of the charity and which have nol been (Jesignated for other purpose5. Capital funds compri$e expend8ble endowm8nts, wh•reby ther8 is no raqulraménl lo spend the r8pilal unless, or unlll, the charity Iruslees decide to do so. These funds are Inve51ed to produce unrestricted Incomè whlch ¢an b¢ spent in ¥ccord8nce with the charitsble objectives. Investment income. galns and1085e5 are allocated to the approprlale fund. Reallged Galns and Log9•9 All gains an(J108yes are taken to lh8 Statement of Finan¢iJl Activities as they arise, Realised 9ain5 and losses on Investments are calculated 85 the dlfference between Sales proceeds and their opening carrying value Dr their purchase v8lue118cquired subsequent lo the first day of Ihe financl81 year. Unrealised gains and losse5 are calculaled 8s the difference b&twe8n the fair value al the year and and Ihelr ¢arryin9 value. Forelgn Currenele• Monet&ry assets 8nd118bilrtie8 denominated in loreign currencies are Irynslaled into sterling al the rale of ex¢hangB ruling pt the b818nce sheet date. Transactions in loretgn currencies are cOrded using the rate ol exchange ruling at the date of the Iransaction. Exchange gains and losses amslng on Iransactlons in the year are recognlsed In the Statement ol Financl81 Acilvitl•8.
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 OCTOBER 2024 Debtor8 and Credltors These Charity accounts have been prepared on an accruals basls and debtors and creditors have been dealt vAth in accordance with SORP IFRS 1021. These •ccounl8 Include ¢Jeblors ab defined Ch8rilles SORP IFRS102I 82. The debtor6 are measured al their recoverable amounts. No arnount is recoverable more than a year after the reporting date, so no adjustment lor time vglue ol money 18 included in the account8. These accounts include IC11 credrtors.. amounts falling due wthin one year as defined in Chalilies SORP IFRS102110.80. Thèse credllor$ arise where there 1$ 4 legal ur ¢on$lruclive obligglion cDmrnilling the charity lo exp8nditure, It 18 probBble Ihal settlernent wll be required within one year and the amount of the obligatlon can be mea8ured reli8bty. yel nu materf81 payment had occurred by the end of the accounting period. The Trustees expect lo make all relevant payments in the subsequent financi81 year. C¥¥h and Ca¥Jh Equlvalent• The charity does not hokl any Short term, highly Ilquid Sfiveslmen15, SO the cash at bank figure 18 entirety CornPSed of actual cash in bank accountB. 2 Oonatlon• Roc•lved 2024 2023 Em81 KLeinwort Gh8rilable Trust Eslale ol Gillian W8rren 70.000,00 20.000,00 70.000 00 £90,000.00 £70,000.00 3 Inve8tm•nt Incorne 2024 2023 Incon Ircrn Investments Kleinwort H8mbroB Bonk Intereit 4,627.22 270.29 4,711.82 245.78 £4,897.51 £4,957.60 4 Oonatlon• to Ch4rltabl• In•tituilon 2024 2023 Advancement ol ChrlstSan Falth .15 Oonatlonsl Friends International The Isaiah 61 Movemenl Le8der5 of Worship and Pr88ch8ts Trust Slewards Trust stèwardship Youth Wrth A Mission 2,500.00 2,000.00 1,000.00 2,000.00 .750.00 10,000.00 1,000.00 2.000.00 12,250.00 10,035.00 23,750.00 27,785.00
THE RIVER TRUST NOTES TO THE FINANCIAL STATeMENTS FOR THE YEAR ENDED 31 OCT08ER 2024 Church Fund• .12 Donatlonl Sl Marys Church Slaugham St Malthi8s Church 5.000.00 1.000.00 1,200.00 6.000.00 1,200.00 Mls8lonary Work-110 Donatlon•l Afric8n Enterprise Church Pastoral Aid Society Footsteps Foundation International Innovisla Intemallonal International Ju8tice Mi93ion Jews for Jasus Mission India Mi8slon Wlthoul Bordar5 Parish Nursing Ministries Pasloral WO in Rio de Janeiro Ploneers UK Min18tries Sl Stephens Soclely 1,000.00 4,000.00 1,000.00 2,500.00 3,000,00 1,000.C 1.700.00 1,500.00 1.000, 1,000.00 3,000.00 1,000.00 2,SOO.00 2,000.00 1,500.00 2,000.00 2,000.00 2,000.00 2.C(JO.OD 1B,700.IXI 17.000.00 Rellglou¥ Educ•tlon 16 Oonatlon•l A6hbumharn Chrislian Tru8t IACTI 81b18 Soclety CARE Cha$ah Tru¥l scriptu Vnlon ISUI UCCF The ChBtlan Union& cliffe 8ible Translgtors 2,000.00 2,500.00 5,000.00 3,000.00 2,000.00 2,000.00 2.500 00 5.000.00 5.000.00 2,000.00 1,000.00 1.500.00 1,500.00 16,000.00 19,000.00 Rellglou¥ Welf•r• Work .18 Donatlon•l Care for the Farnily CMS Open Door3 UK Relationships Foundation Rolease International The Marriage Foundation The Pri50n Fellowship The Recovery Course Time lo Talk Befriending Youth lor Christ ZANE 4.000.00 4,000.00 2,000.00 2,000 00 1,000.00 1,000.00 2,000 00 1,000.00 2,IXJO, 1,000.CX) 2,000.00 1,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 16,000.00 17,000.00 10-
THE RIVER TRUST NOTES TO THÉ FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Mlcollaneous -111 Donation¥> African P85tors Beachy Head Chaplaincy Taam Clean Sheet Innervation TNst Ltd Linking Lives UK London Cily Mi58ion Mercy Ships pcc st Culhmans SASRA S81-7 Sl 88mabas Ho8picÉs Suss• Su85ex Communily Foundation Tear Fund 2,000.00 2,000.00 1,500.00 2.000.00 1,500.00 2,000 00 1,500.00 2,000.00 1,500.00 2,500.00 2,000.00 1,500.00 2,000.DO 2,000.00 3,250.00 4,500.00 2,500.00 2,500.00 1,500,00 2,000.CrfJ 2.000,C 4,C¥)O.C4) 2,$00,(KJ 24,500.00 26,250.00 Tgt•l Don•tlon• £104,950.C(I £108.235.00 5 Support Co•1• 2024 2023 Unreitrfcted Fund Kleinwort Hambros T¥u8t Company IUKI Lirnlted Foes 8,027.00 5.817.00 .027.00 5,817.00 Expendable endowm•nL' Kleinwort Hambros Trust Company IUKI Llmitd Fe*s Independent Exarnlnefs Fees Bank Charges 11,193.00 2.100.00 130.00 10,803.00 1,860.00 95.00 13,423.00 12,75B.00 Total Support Colts £19,450.00 £18,575.00 6 Related partie• ond Tru>tees' expenses and rernuneratlon The charity does not have a relationship wlh any other charity or oiganisations. Kleinwort Hambros Trust Company IUKI Limited rec•lvgd a fae of £17,220.00 1£16,620.00- 20231 for its sèNlces as Corporate Tru$lee. There thrre no olhor related pgrty Iransactlons during the current or prlor year. The key m8nauement personnel Df the charity comprise 501ely of Ihe trustees of the charity ¥tho h8ve hel(J office during the perd. Dawna lTh¥in-Clark receNed no remuneration12023'. nil) or expen8es12023' nill during the year.
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 7 Inv?otments quoted on a r•cognlged Stock Exch•ngo 2024 2023 Martel Value Brought Forwar(I Purcha8eB Disposals 238,850.58 287,356.56 44,811.D7 188,694.661 83,218.03 (130,881.151 194,966.97 239,713.44 Realised GainllLassl Unrealised ILossllGaln 4,715.80 23,600.76 67.47 1930.351 PAark•t V•lu 223,283.63 238,850.56 Cash cn Kleinwort Hambros Account 30.793.14 3,134.71 Total In1¢M•nt• £254,076.67 £241,985.27 Inve•trn•nt• Gomprl•lng grnater than 6% of th• Portfollo 2024 2023 Axa Global FCTR Hen(Jeryon Janus IshBres IV MSCI EM 18hare$ IV Worfd SRI ETF Lyxor Asset Man8gem8nt Worfd ESG Lyxor UK Gov Bond Mulli Units Luxembourg Bond Multl Units Luxembourg Core Plctet Global Rathbone Ethiul Bond Aobeco LX RCG Thematics Salely Fund 7.53 7.14 5.85 10.57 10.54 10.78 7.40 10.22 6.93 7.17 8.71 5.69 7.83 9.87 12.79 7.43 11.29 7.03 7.24 6.82 6,30 8 Loans Int•ro¥t Frn• Youth Wllh A Mi$sion' repayable on dpmand 2024 2023 40,000.00 40,000.00 £40,000.00 £40,000.00 9 Cr•dltor¥, •mount• la115ng due wlthln one year 2024 2023 Independent Examiner5 Fee5 2,100.00 1,860.00 £2.100.DO £1,860.00 12
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 OCT08ER 2024 10 Expendable Endowment A8 re8tat•d 2023 2024 8•1on¢e at 31 Octob•r 2023 296,278.77 352,418.15 Net Incornellexpenditur8) 11,922.60 117.045.521 Translers 116,081.061 139.093.881 B•lance at 31 October 2024 £292,120.31 £298,278.77 Income Is av8llable for general purposes. The expendable endowment 1$ represented mainly by inve8lments quoled on a recognised Stock Exchange. 11 Unr••trlct•d Fund AS restated 2023 2024 Balanc• •t 31 October 2023 Net ineomell•xpènéitur81 116,081.Cél 139,093 861 Tr8nsfer8 16,081.08 39,093.88 8•14nc• A131 October 2074 The income funds ol the chartly 11 be 81Socated by thé trustees lowbrds Chare6 and chadtable acllvrtles, as set out in the Trustees, Report attached to th8Gé finAntJal 818lemenls. 12 AnAly•l• of not a•*•l• bel0 lundi Ag r••tat•d 2023 2024 Expendable Endowmenl Inv881menls Cash al bank Other net current assel8llliabilitiesl 254,078.67 143 64 37,900.00 241,985.27 18,1 SJ.50 38,140.00 £292,120.31 £29e,278.77 Unre8trlcted Fund Investmen15 Cash at bank Other net current a$sel$llllabililiesl 13
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 OCTOBER 2014 Total Investrnenls Cgsh al bank other nel current a8Setillliabllitle81 254,076.67 143.64 37.900.00 241.985.27 16,153.50 38,140.00 £292,120.31 £298,278.77 13 Prfor y••r •dlu•tment A prior year adluslment has boèn mado lo flect the fund8 Iransfers undertaken from the tsxpendabl? endovmienl lund to th¢ unr•strlcted lund. Further delaill can be found wilhln the Tru8iees report. 14-