THE RIVER TRUST STATEMENT OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
THE RIVER TRU8T CONTENTS Pago Trustses. Rgwrt Independent Examlr6f8 Report statemènt of Flnan¢knl AotIVO5 Balance Sh881 Notes to the Financial Statements 7-13
THE RIVER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees present its annual report and financial stslements of thè Charity for the year ended 31 Octctjer 2025. The financial slalements have been prepared in 8ccordance with the accounting polic4es sel out in notè 110 the financi81 ststements and comply with the charity's trust deed, the Charitie$ Art 2011 8n¢J Accounting and Reporting by Charities.. St8tgmenl of Re¢x)mmend8d Practi applicable lo charities preparing thèir financial statements in accordonc¢ wth the Financial Reporting Stsndard applic8ble in the UK and Republlc of Ir&land IFRS 1021 (Second Edition 8ffective 1 January 20191. Legal and Admlnistrative IOrniatiOn ConstitutSon The River Trust is a wistère(I ch8rty governed by a Settlement Deed dated 16 August 1977 Charfty Number., 275843 Registered Office The Adminislralor The Scalp81. 18th Floor, 52 Lime Street, London EC3M 7AF. Bankers and Inv•8tment Managers Union Bancaire Privee Bank Limited Marylebone PI8c6, 129-137 Marylèbone Road. London NW1 5QD Independont Examiners Kr88ton Reeves LLP Suite 2. Orchard House, Or¢h8nJ Street, Canlerbury, Kent CT2 8AR Soll¢ltor¥ lrnin Mil¢h811 Thom88 Egg8r House, Friary Lane, Chichestei. P019 1UF Trust•es Davina Imn-clark Jassamy Shr8eve8 (Appointed 26 February 2024} JTC Trust and Fiduciary Services IUKI Limited Directors: Rachel Iles and George Ryan On 31 March 2025 Ihe legal name of the corporate tw$tee changed from SG Kleinwort Hambros T1 Company IUKI Limited lo Kleinwort Hambros Trust Company IUKI Limited. On 3 November 2025 Ihe legal name and re9iStor8d addrgss of the corporate trustee changed from Kleinwort Hambros Trust CnpanY IUKI Limited of One Bank Street, Canary Wharf, London E14 4SG to JTC Trust and Fiduciary s1¢g$ IUKI Limitgd of The Scalpel, 18th Floor, 52 Lim¢ Streel. London EC3M 7AF. Mrs G M Warren the 8ettlor had th8 power of appointing new Trustees until her death on 10 M8y 2022, provided that the total number of Trusteas shall not exc8ed six. Followng Mrs Warren's death, the Trustee8 can from lime to lime uso tha stBtutOry POW8r8 of 8ppoiiilment contained in the Trustee Act 1925 to appoint Trustees. Legal and admini*ratlve Informafjon set out on page 1 forms part of this report. The financial statements have be8n prepafed in accordance vAth Section 45 of the Charities Act 2011, and revised Statement of Recommended Practice FRS102. ObJ•cts ol th• charSly Thè objects of th8 charity are lo pay or apply the capital or income of the trust to adv8nc8 the Evangelical Christian f811h worldwid8 by Such me8ns bwrq charitable as the Trustees may determine.
THE RIVER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Grant maklng policy The Trustees. current policy is lo consider all wrillen appeals recewed, but only succ•ssful applicants are notified of the trustees, decision. Donation8 are decided Per141Y, and Tt is unusual for the Trustees to respond f8vourably to unsolicited appeals. Appointm•nt of tru•tees and charity organlsatlon Th8 charity 15 managed by the Trustees who are appointed under the terms of the Trust Oeed. wlh daily administration bging d9alt with by the corporate Trustee, JTC Trust and Fiduclary se¢8$ IUKI Limit8(1. No fund raising is undertaken lo support the work of the charity. Financlal revSgw and Investment poll¢y The financial statements covor all the activities of the charity during the yaar. Gross incom8 tolalled £74,775.691£94,897.51 in 20241, of which £74,250.001£104,950.00 in 20241 was committed to charitablg donatsons and £22,364.41 (£22,345.21 in 20241 to management and administfation. Under the governing document. Ihere are no restrictions on the charitys power to inv&st. The over811 investment policy is lo achieve long temi capital grnwth in real terms, whilst provKling a al least in lin8 With th& UK equty market. Charltys publlc beneflt The Tru51ees have ensur8d thot all aotivltles throughout the pèriod have been for the interest ol publ benefit. This 18 evidenced by the contributions made to charttks totalling £74,250.00 {£104,950.00 in 20241. Tho Trusteos confimi that they have referred to the guidance containèd in the Charty Commi5510n general guidance on public benefit then VIewing th8 charity'3 aims and obpctives and in planning futum activitios. R?latgd parti8• Th8 charity doo$ nol have a relatlonship with any other charity or organisations. Review of the activ5tl•s and futurn dOlopMnI The Trustees are satisfied with the financial p0511ion of Ihe charity and confirm that thgy have adequate assets available to fuwil their obligations. There are no plans to alter the charivs activities next year. Ros•m$ pollcy and risk managem•nt The Trustees operata an expendable endowment fund. a fund that is invèst8d to produce incorne whh the Trustees can utilise to achievo the charitys aims. The Trustees have a legal power to convert all or part of this fund into unrestricted funds vthich con then be sp&nt. 11 is the Trustees intention to m8intain unre5trthd and expendable endowment funds al Ig8st ¢qual0nt to the historic cost value of investments together with 3 8mall cash balance of income, partly lo enable them to respond quickly lo appeals for significant support where approprkgle, the limin9 of which is unpredictable. During the period, tho Trustees have revlewèd tF7e balances on the expendable endowrnent fund and thg unreStre funu. The Trusrees navo ¢Jgemed It appropnate to convert part ot the endowment fund into unrestricted funds. and this has been posted by funds transfèrs in the current and prior years. This indudes a prior year adjuslmenl r81aling to the historic unr8strict8d fund b81ance. The Trustees will continue to review the balances on the expendabb endowment and unrestricted funds, and ill convert the endowment fund into income as they doem apporpriale.
THE RIVER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Tru8tsè$' rv8ponslbllltl•s In r*latlon to the financlal stat•m?nts The charty Trustees are iesponsible for preparing a Trustees, 8nnu81 POrt and financial statement8 in accordance wih applicable law and United Kingdom Accounting Standards Iunited Kingdom Genafally Ac¢gpW Accountlng Pra¢th"cg1.' The law opplic8ble lo charities in England 8nd Wales requires the charity trustee lo prepare financial statements for each year which give a true and fair view of the slate of affairs of th8 charity and of the Incoming r680urces and application of resources. ol the charty for that period. In preparing the financial statements. the Trustees are required to.. select surtable accounting poliaes and Ih8n apply them consistently. observe the method8 and principles in the applicable Charities SORP., make judgements and eslima18S'. stata whèther applicable accounting stsndard3 have been followod, subject to any materi81 departures that musl be disclosèd and explained in the financi81 statements.. - prepare the financkql statèmènts on going concem b4818 unless it is inappropriate lo presume that tha charity will continue in business. The Twst8&s are responsible for keeping proper accounting records that disclose with reasonable accuracy al any tirne tho linanual p0811ion of th8 charity an¢J lo eftable them to ensur8 that the finanaal stat&m8nts comply vthh the Charitigs Act 2011, the applicable Charities (Accounts and R8POrt$l Regulations, and the provisions of the Trust Deed. The Trustees are also responsiblè for Safeguarding the Bss&ts of the charity and taking feason8ble steps for the prgvenlion and d8leclion of f18ud and and other ifregul8rrti88. avina In¥ln4lark J•
my Shr8eves
Georg8 Ryan 2026.08.28 14..37..30 Z DvJitaNy 8vJn8d by.. Scoll RICE Dale". 2026.08. 28 14'.45.'07 2 27 August 2026 JTC Trust and Fiduciary 8oThices IUKI Limlt•d
THE RIVER TRUST INDEPENDENT EXAMINER'S REPORT Independent Examlnerfs Report to th• Trust••s of Tho River Trust I report to charity Trustees on my examinalion of the accounts of the ¢harlty for Ihg ye8r ended 31 October 2025, which ar8 Sat out on pag0s 5 to 13. RpOnsIbIlItIeS and ba$1$ of r•port As the charitls TnteeS are responsible for th8 preparation of the accounts in a¢cord8n¢e with the requirernents of th8 Charitses Act 2011 1.the Act'i. I report in respect of my examination of the Qhaflty's accounts carried out under section 145 of the Act and in Carrying out my examination I have follod all th6 appli¢abl8 Direction8 givgn by the Charity Commission under section 14515Xb) of the Act. This report is made solely to Charill8 Tru8tses, 8s 8 body, in accordance with Part 4 of the Charities (Accounts and R8POrtsl Regulations 2008. My work has teèn undertaken so that I might stsle lo the Charity's Trust$ those matters l am required to state lo them in an independent examine¢s report and for no other purpose. To the full&st &xtent pgrmiited by law, I do not accept or assume iesponsibilily to anyone other than tho Charity and thè Charitvs Trusteos 8$ a bLx1y, for my hrk or this report. Indfrpondont examlnerfs stal•mgnt I have complel8d my examination. I confirm Ihat no material matters have come to my attenlion In connection wth the eyamination giving me cause to believe that in any material respect.. 1. accounting recrmds were not kept in re8P8Ct of the charity as required by section 130 01 the Act., or 2. th8 accounts th) not 8¢¢ord with those rec(Yds; or 3. the accounts do not comply wth Ihe applicable r8quir8m8nts conroming thg forrn and conienl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 otr than any requirement that thg accounts give rue atxl fair vi8w' which is not 8 matter considered as part of an independent examination. I hav¢ no concerns and have come across no other rnatters in connection Mth the examination to which attention should be drawn in this roport in order to enable a proper underslanding of the accounts to be reached. Samantha Rous8 FCCA DChA Certilied Chartered Accountant KstOn Reeves LLP Suite 2, Orchard House Orchard Street Canterbury Kent CT2 8AR 001& 02 September 2026
THE RIVER TRUST STATEMEKf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025 Not• Unrn•tri¢tod Fund Expondable Endowment Total 2025 Total 2024 Incom? and Endowments Donation5 Received Investment Income 70,000.00 4.775.69 70.L.00 4,775.69 .000.¢)o 4,897.51 Total Income and Endowments £74.775.69 £74,775.69 £94,897.51 Expendlturo Cost of raising fvnds.. Kleinwort Hambros Investment Management Fees 2.600.41 2,600.41 2,895.21 Expenditure on Charitable Activities: Donations Support Costs 74,250.00 5,817.(M] 74,250.Cx) 104,950.00 19,764.ClJ 19.450.00 13.947.00 Total Exp8ndlture £80.067.00 £16.547.41 £96.614.41 £127.295.21 Net Exp•ndltur• {£5.291.311 {£16.547A11 1£21.838.721 1£32.397.70) Net GalnsllLossl on Investmonts Realised ILossllGain Unrealised GainllLo$$} Curroncy ILos$) 15,272.271 15,272.271 22,433.40 22,433.40 123.821 125.371 4,715.80 23,6CQ.76 177.32) 11.551 11.551 17,137.31 17.135.76 28.239.24 Transfer betwaan Fund$ 5,292.86 15,292.861 N•t Mov•m•nt In Fund$ In the Year 1£4.702.96) {£4,702.96) 1É4.158.46) Fund8 Al 31 October 2024 Nel Movement of Resources in th8 Year 292,120.31 292.120.31 296,278.77 14,702.961 14,702.96) 14,158.461 Al 31 Oclot*r 2025 £2a7.417.35 £287,417.35 £292.120.31
THE RIVER TRUST BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 Flx•d A880ts Investments 218,537.53 254,076.67 Curr•nt Assets Cash Bt BBnk Loans 31.033.82 40,000.(KJ 143.64 40.000.00 71,033.82 40.143.64 Les$: Curr•nt Llabllltles Creditors. amounts falling due thin on8 r 2,154.00 2,100.00 N•t Curr•nt Assets 68,879.82 38.043.64 Assets less Curr•nt Llabllltles £287,417.35 £292,120.31 Capltal Fund Expendable Endowment 10 287,417.35 292,120.31 Incom• Fund Unrestricted Fund £287,417.35 £292,120.31 The financial stal8ments woro approvod by the Trustees on 27 August 2026 Davina IrvAn-Clark amy Shroevgs Diglalty signed by. Swtt RICE Date.. 2026.08. 2ti 14 45.41 George Ryan 2026.08.28 14..18.?4 7 For and on half of JTC Trust and Fidupiary Servic86 IUKI Limited
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 l Accountlng Po15cle8 These financial statements have begn prep8red in accdnCe wf(h the particular accounting policies de8cribe(J below. General Infomiatlon The River Trust is an unlnccfjfated regisl?rgd charity wllh the Charity Commis$lon for England and Wales. charity nUMtr 275843. The registered office for the Trust is The Scalpel, 18th Floor, 52 me Stra&t, London EC3M 7AF. Bas1$ of Preparatlon and Ass•ssrnent of Golng Conc•rn The financial stCentS have been prep8Ted under the historical cost convention except for investments, which have been included at market value. The financial statements have been prepared in accordance with tha Stat8m8nt ol Recommended Practice.. Accounting and Reporting by Charities preparing their Financial Statements in ac(x)rd8nce with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 and tha Charitiès Act 2011. Th• prasentstiw currency of these financial stslements is Pounds Sterling. Th8 figurgs have not begn rounded. The truste8s have assgssed wh6thor th8 use of th8 goirvJ nCern b15 18 appropriate and have CorIdered pos8itAe events or conditions Ihat might $t significant doubl on th8 ability of the charrty lo continue as going wncem. The trustees have made thi5 assessmgnt for a poriod ol atloasl one y&ar from tho ¢Jate of appioval ol thg financial statements. Aftgr making eryJuiri88 th8 Irus188s have concluded that there 1$ reasonable expectation that the charity has adequatè rgSOUI¢95 to continue in operatsonal existence for the foreseeable future. The charity therefore continuès to adopt th8 going concgm basis in prgparing its financial statèmènts. 8asls of Accountlng - Income recognltk•n l incoming resources are included in the Ststomgnt of Financial A¢tivib"es when the Charity is bgally entitled lo the income and the amount can be quantified vAth reasonable accuracy. Income lax recoverable in relation to invèstrnènt income is recognised al the time investment Income Is receivable. Oonations are recognis8d wlwn th8 ch8rity has been notified in writing of both the amount and setU8mant date. In the event that a donation is subject to conditions th8t require 8 level of perfomiarKe before the charfly Is enli118d to the funds. the income is deferred and not recognised until either thosè conditions are fully met, or the fulfilmenl of th08e conditions is vtholly wlhin the control ol the charity and Ti is probabl8 th8t those conditions wlll be fulfilled In the reportlng period. Interest on funds held on d8posit is included when recefjvable an(J the amount can be measured reliably by the charity.. this is normally upon notific8tion r)f the inter8sI paio or payablo by the bank. Dividènds are recognised once the dividend has been declarad and notification h8s been received of the dividend duè. Thi8 Is normally upon notifltIOn by our inv8Stm8nt manager of th8 dividend wold of the Instmant p)rtfollo_ Exp•ndltur• recognition Liabilities are wognised a5 expenditure as soon as there is a al or consliuctive obligab'on committing th¥ charity to that 8XP8ndlture, il is prob8ble th818eldement will be required and the amount d the obligation Can be measured reliobly. All expenditure is accounted for on an accruals basiq and has been Induded under expen88 categories that aggregate all CDsts for allocation to activities. Where costs cannot ba diredy attdbutetl to P8rticuk9r activities thoy have beon alkKated on a ba818 consistent with th8 use of the resources.
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 - Expenditure recognltlon contlnu•d Grants payable are charged in the year when the offer is made except in those cases wh8ra thè offèr is Conditional, such grants being re¢x)gnised as expenditure when the condf(ions allachin9 ar8 fulfilled. Grants offered subject to cOnd.0nS vthich have not been met at the yeaf end are noted as a commitment, bul not 8ccrueiJ as expenditur8. Inve•tments Usled investments are induded in the financial statements al mid-market value at the bolance sh¢&t d8te. Unlisted investments arg induded in tre bal3nce she91 at their hi8lori¢al ¢osl less any amounts written off. Investments include cash held lor investment purposes. Fund Stru¢turn Income funds are unrestricted funds lch a availablg for usg at the diswtion of the trustees in furtherance of the general objectives of the chanty and which have not been designated frjr other purposes. Capital funds comprise exp8ndable endowmènts. whèr&by there is no Trquirement to spend the capital unless, or until. the charity trustees decide to do so. Th8s& thjnds ar8 inve$te(I to pr(xluce unrestrtell income which can be spent in accordance with the charitablg Obltives. Inveslm8nl incom8. gains and10$$gs org allot0 to thg apk¥oprfatg fund. Reallsed Galns and Lo$$•• I gains and Ioss8s are tak•n to the Stat•ment of Financial Athvities as they arise. Reali5ed gains and 10sse8 on investments are calculated as the difference betsen salès proc8èds and their opening carrying value or th¢ir purchase v81ue rf a¢quirsd subsUnI lo tho first day of Ihe financial year. Unrealised gains and losses are calcJJlated os th¢ difference belween the fair value 81 the year end and their carrying value. Foreign Currgncies Mon8tary assets and liabilities denominated in foreign ¢urr8ncies are tran8lated into sterling at the rate of exchange ruling at th8 balanc8 she8t datg. Tran$aclion8 in foreign currencies are recorded using the rate of excharo8 ruling at the date of the transaction. Exchange gains And 11I8s88 arising on tr8n88ction8 in the year are recognised in the Sla18menl of Financial Activities. D•btors and Crodltors These Charity accounts have been prepared on an ac¢w81s b8515 and dgbtors and credilof5 have been dealt with in accordance wlh SORP IFRS 102}. Thes¢ accounts indude debtors as dtrfined in Charitie3 SORP IFRS1021 B2. The debtors are measured al their recoverable amounts. No Amount is r8COV8rablè more than a year after the reporting dale, so no adjustment for time value of money is included in the accounts. These accounts include IC11 creditors.. amounts falling dtje wthln one year as dgfin8d Sn Charifyes SORP IFRS102110.80. Thes6 creditors arise ere there is a 18gal or constructive obligation coMMtiJ the charty to oxponditurg, it is Probab that setU8ment will be required within one year and the amount of the obligation eAn b8 measured reliably, yel no material paYnI had occurred by the end of the accounting period. Th8 Trustees expect to mak8 all r8lev8nt paymènts in the Subsequent financial year. Ca¥h and Calh Equlvalents The charity (k)85 not hold any short term, highly liquid investments. so the cash at bank IHJure is OnrelY compris8d of actual cash in bank acexjunts.
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2 Donatlons R•c•lv•d 2025 2024 Ernèst Kleinwort Charitable Trust E8tale of Gillian Warren 70.OCKJ.00 70,OQ>O.CX) 20,000.00 £70.0(K).00 £90.000.00 3 Inwstm•nt Incom• 2025 2024 Income from Invgstments Kleinwort Hambro¥ Bank Intsr851 3,961.06 814.63 4.627.22 270.29 £4,775.69 £4,897.51 4 Donations to Charltabl• InstitutSon8 2025 2024 Advancement of Chrlstlan Falth- P Donation•l The Isaiah 61 Movement Leade of Worship and Preachers Trust Stewards Twsl Stowardship Youth Wth A IAission 2,000.00 1,000.00 2,000.00 8,750.00 10,000.00 2,000.00 9.000.00 7,000.00 18.000.00 23.750.QO Church FundB- (O Donatlonl Sl Marys Church Slaugham Sl Matthias Church 5.000.00 1,000.00 6,000.00 Miuionary Work -15 Donatlons African Enlerpri8e Church Pasloral Aid Society Footsteps Foundation International Innovista Intemational Internat81 Justice Mission Jews for Jesus Mission Indi¥ Mission Without Bord8rs Partsh Nurslng Mlnlstrl8S Pioneers UK IAinistries 1,(XJO.00 4.000.00 1,000.00 2,500.00 3,000.00 1,000.00 1,7¢)0.00 1,500.00 I,ooo.cx) 2,000. 4,LMJO.00 2,500.00 3,250.00 1,500.00 2,000.00 13.250.00 18.700.00
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 OCTOBER 2025 Rellglous Educatlon - (6 Donatlonsl Ashbumham Christian Trust IACTI Bibl8 Society CARE Chasah Trust S¢dpture Unlon ISUI Wycliffe Bible Translators 1.000.1]O 2,500.00 5,000.00 3,000.00 2.000.00 1.500.00 2,000.00 2.500.00 5,000.00 3,000.00 2,000.00 1,500.00 15.000.00 16.000.00 Rollglous W¢lfaro Work -17 Donatlon61 Care for the Family Open Doors UK Release Intemalional The Marriage Found8tion The Pr0 Fellowship The Recovery Course Time to Talk Befriending ZANE 4.5W.00 2.000.00 1.000.00 1.000.00 1,000.00 4,000.00 2,000.00 1,000.00 2,000.00 1,000.00 2,000.00 2,000.00 2,000.00 2.000.00 2.000.00 13.500.00 16,000.00 Mlscellan•ous-17 Donatlonsl African Pastors 8eachy Head Chaplaincy Team Clean Sheet Inn8rvalKsn TfU$t Ltd London Cty Mi88ion Mercy Ships SASRA Sat-7 St B8rnabas H08pices Sus30x Su&sex Community Foundation Tear Fund 2.000.00 2.000.00 2,000.00 2,000.00 1,500.00 2,000.00 2,500.00 2,500.00 1,500.00 2,000.00 2,000.00 4.000.00 2,500.00 2,OW.00 2.500.00 1.500.00 2,(K)O.00 2,.00 14,500.00 24.500.00 Total Donations £74,250.00 £104.950.00 5 Support CostB 2025 2024 Unr••trl¢t•d Fund Kleinwort HambfO8 Trust Company IUKI Limited Fees 5,817.00 6.027.00 5.817.00 6,027.00 10
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Expendable Endowmfrnt.. Kleinwort Hambr05 Trust Company (UK) Limf(ed Fees Ind8p8ndént Examinee3 Fees Solicitorfs Fees Bank Charges 10,803.00 2,154.00 900.00 90.00 11.193. 2.100.00 130. 13.947.00 13,423.00 Total Support Costs £19.764.00 £19,450.IXI 6 Related partl•s and Trust8, èxpansès and rèmunèratlon The charity does not have a relationship with any other ¢horty or organi$ations. Kleinwort Hambros Trust Comp8ny IUKI Miled received a fee of £16,620.00 1£17,220.00- 20241 for its seryices as Corporate Trusteg. Thore wère no other related party transacti(S during the ojrrent or prior year. key management personnel of the charity comprise solely ofthe trustees of th& charity wtho held office during the period. Davina Irwin-clark received no remuneration12024.' nil) or expenses12024'. nlll durin9 the year. 7 Inwstmgnts quotod on a r•¢ognl$od Stock Exchange 2025 2024 Mathel Valua Brought Forward PUh883 Dlspo$als 223,283.53 238,850.56 65.288.18 192.792.311 44,811.07 {88.694.661 19S,779.40 194,966.97 Realised GainllLossl Unrealisad ILossyGain 15,272.271 22,433.40 4,715.80 23,600.76 Market Valu• 212,940.53 223.283.53 C8sh on thinwort Hambros Account 5.597.00 30,793.14 Total Investments £218.537.$3 £254,076.67 In¥e8tmtnts MprIsIng greatfrr than 5% oftho Portlollo 2025 2024 Axa Glob81 FCTR Henderson Janus lshares IV MSCI EM Ishares IV World SRI ETF Lyxor Asset Management Wortd ESG Lyxor UK Gov Bond Mumi Unit8 Luxembourg Bond Multi Units Luxembourg Cor& 7.40 6.12 5.24 10.87 15.52 7.44 6.56 5.65 10.57 10.54 10.76 7.40 10.22 6.75 13.52
THE RIVER TRIIST NOTES TO TPIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Pictel Global Rathbone Ethical Bond Robeco LX RCG Thèmatics Soféty Fund 7.08 8.36 6.83 6.93 7.17 6.71 5.69 8 Loan$ Int•r•$t Free Youth With A Mission.. repayable on doman¢J 2025 2024 40,000.00 40.000.00 £40,000.OCI £40.000.00 g CTedltors. amounts falllng due wlthin one year 2025 2024 IndepeTrJenl Examinerf8 Fees 2,154.00 2.1CQ.00 £2,154.00 £2.100.00 10 Exp•nd¥ble Endowment 2025 2024 Balan¢0 * 31 Octobgr 2024 292,120.31 296.278.77 N8t18xp•nditureyincome 589. 11,922.60 Transfers 15,292.861 116.081.061 Balan at 31 OCtor 2025 £287,417.35 £292,120.31 Income is availablè for gonerBI purposes. Thè 8XP8ndable èndowmènt is repres8nt8d m8inly by investments quoted on a recognised Stock Exchange. 11 Unr•strfct•d Fund 2025 2024 Balanu at 31 O¢tob¢r 2024 Ngt l&xpenditureYincome 15,292.861 16,081.061 Transfers 5,292.86 16,081.06 Balance at 31 October 2025 The income funds of the charity 11 be ollocated by the trustees towards charities and charitatAe aclivilK?8, as set out in the Trustees, Report attached to these financial statements. 12-
THE RIVER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 OCTOBER 2025 12 Anolysl• of net a•Jets between fund¥ 2025 2024 Expendable Endo¥mi•nt Investments Cash al bank other nèt current a38etslOiabilrtiesl 218.537.53 620.44 68.259.38 254,076.67 143.64 37,900.00 £287,417.35 £292.120.31 Unrestrictsd Fund Invèstftwnts Cash at bank Other nel CunI assetsllliabilitiesl Total Investments Cash al bank other net current a88etsllliobllltle$l 218,537.53 620.44 68,259.38 254,076.67 143.64 37.900.00 £287,417.35 £292.120.31 13-