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 AotIV￿O5
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 I￿OrniatiOn
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$tee changed from SG Kleinwort Hambros T￿￿1
Company IUKI Limited lo Kleinwort Hambros Trust Company IUKI Limited.
On 3 November 2025 Ihe legal name and re9iStor8d addrgss of the corporate trustee changed from
Kleinwort Hambros Trust C￿npanY IUKI Limited of One Bank Street, Canary Wharf, London E14 4SG to
JTC Trust and Fiduciary s￿￿1¢g$ 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 Per1￿￿￿41Y, 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 dO￿lopM*nI
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 wh￿h 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 ¢qu￿al0nt 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
unreStr￿e￿ 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.
R￿pOnsIbIlItIeS and ba$1$ of r•port
As the charitls Tn￿teeS 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 follo￿d 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 h￿rk 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 ot￿r 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
K￿stOn 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 acc￿d￿nCe wf(h the particular accounting policies
de8cribe(J below.
General Infomiatlon
The River Trust is an unlnccfj￿fated 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 st*C￿entS 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 b￿15 18 appropriate and have Cor￿Idered
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 notifl￿tIOn by our inv8Stm8nt manager of th8 dividend wold of the In￿stmant 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 unrestr￿tell
income which can be spent in accordance with the charitablg Obl￿tives.
Inveslm8nl incom8. gains and10$$gs org allo￿t0￿ to thg apk¥oprfatg fund.
Reallsed Galns and Lo$$••
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 bets￿en salès proc8èds and their opening carrying
value or th¢ir purchase v81ue rf a¢quirsd subs￿U￿nI 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 coMM￿ti￿J 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 paY￿nI 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 On￿relY
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
Internat￿￿81 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 Pr￿0￿ 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
PU￿h8￿83
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 OCto￿r 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 Cu￿nI 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-