**REGISTERED COMPANY NUMBER: 01747301 (England and Wales) REGISTERED CHARITY NUMBER: 288380**
## **River Thames Society**
**Trustees' Report and**
**Financial Statements for the Year Ended 31 October 2022**
Ian S Anderson, Chartered Accountant Greengarth Thicket Grove Maidenhead Berkshire SL6 4LW
**River Thames Society**
## **Contents of the Financial Statements for the Year Ended 31 October 2022**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Trustees' Report**|2|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Notes to the Financial Statements**|9|to|16|
**River Thames Society**
**Reference and Administrative Details for the Year Ended 31 October 2022**
|**TRUSTEES**|Peter Finch Chairman of Council|
|---|---|
||Rupert Bagilhole|
||Jack Betteridge|
||Leslie Jones OBE (resigned 24.2.22)|
||David Lambert|
||Jackie Lambert|
||Hilary Pereira|
||Colin Reynolds|
||Gillian Rix|
||John Skuse|
||John Tamsitt|
||Abigail Reynolds|
||Roy Miller|
||Thomas Berman|
||Peter Hall|
|**COMPANY SECRETARY**|Guy Barlow|
|**REGISTERED OFFICE**|Beaumont House|
||28 Beaumont Road|
||Windsor|
||Berkshire|
||SL4 1JP|
|**REGISTERED COMPANY**|01747301 (England and Wales)|
|**NUMBER**||
|**REGISTERED CHARITY**|288380|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Ian S Anderson, Chartered Accountant|
||Greengarth|
||Thicket Grove|
||Maidenhead|
||Berkshire|
||SL6 4LW|
|**PRESIDENT**|Lord Owen CH FRCP|
|**VICE-PRESIDENTS**|Lady Borwick|
||Mark Edwards MBE|
||Sir David Suchet CBE|
Page 1
**River Thames Society (Registered number: 01747301)**
## **Trustees' Report**
## **for the Year Ended 31 October 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal activities of the charity continue to be to:
- Protect the natural beauty of the River Thames, adjacent lands and buildings of historic interest
- Promote nature conservation
- Support and contribute to the efforts of other organisations with similar interest in the river
- Preserve and extend amenities which allow and encourage the use of the river for all purposes
## **Achievements and performance**
During the year the Society undertook a range of activities in support of our aims to protect and promote the Thames.
We worked with many other bodies, including the Environment Agency, Port of London Authority, Thames Path Partnership, Thames & London Waterways Forum and the Thames Rivers Trust.
We kept in touch with MPs in riparian constituencies, relevant Ministers and " Shadow " Ministers on matters affecting the river.
Social,cultural and educational activities were organised. Our River Wardens continued to monitor the Thames Path and we maintained the length of river bank we own near Marlow.
## **Public benefit**
The Directors have taken note of the Charity Commissioners' guidance on public benefit by providing a range of talks, displays, information stands, a quarterly magazine and use of social media to inform the public on the ways the Society safeguards the river. A large amount of information is given on request to members of the public, broadcasting and educational bodies. We continue to make annual awards to individuals and organisations making a significant contribution to the river and give grants to a range of youth, sporting and environmental bodies.
Page 2
**River Thames Society (Registered number: 01747301)**
## **Trustees' Report**
## **for the Year Ended 31 October 2022**
## **OBJECTIVES AND ACTIVITIES**
## **Financial review**
The Statement of Financial Activities for the year on page 6 shows a net deficit for the Society of £5,700 (2021 net income £25,514). All of the funds received during the year were unrestricted funds and which could be used to enable the charity to meet its running costs and to allow the trustees to utilise funds for relevant charitable purposes.
During the year the trust generated the following income;
- 1) Donations and subscriptions totalling £22,944 (2021- £36,716) were raised, 2021 including a legacy receipt of £15,000.
- 2) Income generated from the Thames Guardian magazine and merchandise sales totalled £6,414 (2021 - £8,152).
- 3) Events, including the one off Summer boat trip, realised income of £11,137 (2021 - £3,345).
- 4) Investment income in the form of bank interest totalled £1,061 (2021 - £1,476). The decrease in value of the COIF Units in the Charities Ethical Investment Fund was £3,043 (2021 - increase £8,417).
The Thames Guardian magazine realised a deficit of £4,636. The magazine historically made a surplus for use towards charitable activities, with the added advantage that it also saves the cost of a separate members newsletter. Income decreased in 2021 with a further reduction in 2022, which coupled with a significant increase in costs, as the publishers suffered a downturn in advertising revenue since the Covid-19 crisis commenced. The Directors are liaising with the publishers and would hope that in the longer term the magazine will move back into surplus.
Included in charitable expenditure is £3,000 defrayed on a grants for Thames Sailability, the RNLI and the River Thames Boat Project as shown in note 5 to the financial statements.
There were no movements in fixed assets in the year, save depreciation on existing assets.
As at 31 October 2022 total generated funds were £198,938 (2021 - £204,638), all of which is unrestricted funds.
## **Investment performance**
The charitable company's basic investment objective is to maintain the real value of its investments and to maximise income. In order to do this, the charity has invested surplus funds in the COIF Charities Ethical Investment Fund Accumulation Units, with further excess funds being placed in a deposit account which is both a safe investment and gives a reasonable rate of return, although at present the return is impacted by the low rates of interest on offer from Banks & Building societies.
## **Reserves policy and going concern**
The charitable company's net deficit for the year ended 31 October 2022 totalled £5,700 (2021 net income £25,514). This includes an unrealised deficit on revaluation of investments of £3,023. The balance on the unrestricted income fund at 31 October 2022 was £198,938 (2021 £204,638). There was no balance held on restricted funds.
The Directors regularly review the reserves policy, based upon current levels of expenditure and income, and are actively seeking to make grants to worthy individuals and organisations which fall within the charitable company's remit. The policy is to ensure unused surplus funds do not accumulate whilst allowing for risks to income flows resulting from damage to reputation and the effects of a severe recession reducing membership and donations. The River Thames Society does not intend to be a reserves-rich charity and in any event, the Society's current activities do not require this. The trustees consider that adequate resources will continue to be available to fund the activities of the Society for the foreseeable future and view the charity as a going concern.
## **FUTURE PLANS**
The future aims of the Society are to extend current activities, develop educational work, increase our presence at river-related events and support for initiatives of benefit to the wider river community.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The financial statements comply with the Charities Act 2011, the Companies Act 2016 and the Memorandum and Articles of Association. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 (effective 1 January 2015).
Page 3
**River Thames Society (Registered number: 01747301)**
## **Trustees' Report**
## **for the Year Ended 31 October 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Trustee directors and other appointments**
The trustee directors serving on the River Thames Society Council are shown on page 1.
The Chairman of the Council is Peter Finch.
The President and Vice Presidents (which are non-directorship appointments) serve three-year terms. The year in which they become due for re-election is published in each year's notice of Annual General Meeting. The elective directors also serve three-year terms. The year in which their terms of office cease are published in each year's notice of Annual General Meeting. All other directors are elected annually.
## **Organisation and structure**
River Thames Society is a registered charity and is a registered company limited by guarantee. The company was incorporated and is governed by its memorandum and articles of association dated 22 August 1983. The charity was registered with the Charity Commission on 23 January 1984.
For many years the Society has consisted of five branches covering the whole of the river from the source to the sea. However, in 2022 two branches has ceased to operate independently for accounting purposes, although there remain five branches for operational purposes. The Society is governed by a council, which consists of the chair of each branch and members elected for a term of office at each Annual General Meeting by the members.
## **Risk management**
The trustees have a risk management strategy which comprises:
- an annual review of the principal risks and uncertainties that the charity faces;
- the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and - the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise
## **INDEPENDENT EXAMINER**
Ian S Anderson was appointed Independent Examiner at the last Annual General Meeting.
Approved by order of the board of trustees on 15 February 2023 and signed on its behalf by:
Guy Barlow - Secretary
Page 4
## **Independent Examiner's Report to the Trustees of River Thames Society**
## **Independent examiner's report to the trustees of River Thames Society ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ian S Anderson BA FCA FCCA on behalf of Ian S Anderson, Chartered Accountant Greengarth Thicket Grove Maidenhead Berkshire SL6 4LW
15 February 2023
Page 5
**River Thames Society**
## **Statement of Financial Activities for the Year Ended 31 October 2022**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**22,944**
Other trading activities
3
**18,133**
Investment income
4
**1,061**
**Total**
**42,138**
**EXPENDITURE ON**
Raising funds
**18,562**
**Charitable activities**
Charitable expenditure
**26,233**
**Total**
**44,795**
Net gains/(losses) on investments
**(3,043)**
**NET INCOME/(EXPENDITURE)**
**(5,700)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**204,638**
**TOTAL FUNDS CARRIED FORWARD**
**198,938**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2022**
**Total**
**funds**
**£**
**22,944**
**18,133**
**1,061**
**42,138**
**18,562**
**26,233**
**44,795**
**(3,043)**
**(5,700)**
**204,638**
**198,938**|2021
Total
funds
£
36,716
11,825
1,476|
|---|---|---|---|
||||50,017|
||||11,434
21,486|
||||32,920|
||||8,417|
||||25,514
179,124|
||||204,638|
The notes form part of these financial statements
Page 6
**River Thames Society (Registered number: 01747301)**
## **Balance Sheet**
## **31 October 2022**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
9
**4,651**
Investments
10
**43,447**
**48,098**
**CURRENT ASSETS**
Stocks
11
**1,844**
Debtors
12
**1,538**
Cash at bank and in hand
**149,302**
**152,684**
**CREDITORS**
Amounts falling due within one year
13
**(1,844)**
**NET CURRENT ASSETS**
**150,840**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**198,938**
**NET ASSETS**
**198,938**
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2022**
**Total**
**funds**
**£**
**4,651**
**43,447**
**48,098**
**1,844**
**1,538**
**149,302**
**152,684**
**(1,844)**
**150,840**
**198,938**
**198,938**
**198,938**
**198,938**|2021
Total
funds
£
4,990
46,490
51,480
2,197
1,828
150,948
154,973
(1,815)
153,158
204,638
204,638
204,638
204,638|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
**River Thames Society (Registered number: 01747301)**
## **Balance Sheet - continued**
## **31 October 2022**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 15 February 2023 and were signed on its behalf by:
Peter Finch - Trustee
The notes form part of these financial statements
Page 8
**River Thames Society**
**Notes to the Financial Statements for the Year Ended 31 October 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The accounts are prepared on the going concern basis.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
For legacies, entitlement is taken as the earlier of:
- the date on which the charity is aware that probate has been granted;
- the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution
- will be made; or
- when a distribution is received from the estate.
Donated services and facilities are recognised as income when the charity has control over the item. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity and a corresponding amount is then recognised in expenditure.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Costs of Generating Funds - Fundraising costs represent the costs of raising funds and include the costs of annual fundraising dinners and events and relevant administration costs.
lrrecoverable VAT - lrrecoverable VAT is charged to the Statement of Financial Activities in the period in which it arises.
Charitable expenditure - Charitable expenditure comprises the costs of carrying out the Society's Activities and includes the costs of producing the Thames Guardian magazine and charitable grants.
Central administration & Governance costs - Central administration costs not directly attributable to any particular activity are spread equally between fundraising and publicity and charitable expenditure. Governance costs are split in proportion to direct costs in a similar manner.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Equipment - at variable rates on reducing balance Cutter - 15% on reducing balance
continued...
Page 9
**River Thames Society**
**Notes to the Financial Statements - continued for the Year Ended 31 October 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
## **Cash in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Investments**
Listed Investments are valued at market value.
lnvestment lncome is stated net of any unreclaimable tax credits.
## **2. DONATIONS AND LEGACIES**
## **3.**
|Donations
Gift aid
Legacies
Subscriptions
**OTHER TRADING ACTIVITIES**
Events
Sale of merchandise
Thames Guardian magazine
Other income - cutter|**2022**
**£**
**1,382**
**2,741**
**-**
**18,821**
**22,944**
**2022**
**£**
**11,137**
**472**
**6,414**
**110**
**18,133**|2021
£
805
2,851
15,000
18,060|
|---|---|---|
|||36,716|
|||2021
£
3,345
328
8,152
-|
|||11,825|
continued...
Page 10
**River Thames Society**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2022**
|**4.**
**INVESTMENT INCOME**
**2022**
2021
**£**
£
Deposit account interest
**1,061**
1,476
**5.**
**GRANTS PAYABLE**
**2022**
2021
**£**
£
Charitable expenditure
**3,000**
2,000
The total grants paid to institutions during the year was as follows:
**2022**
2021
**£**
£
River Thames Boat Project
**1,000**
-
RNLI
**1,000**
-
Skerries for Schools
**-**
2,000
Thames Sailability
**1,000**
-
**3,000**
2,000
**6.**
**NET INCOME/(EXPENDITURE)**
The above includes the
following charges:
**2022**
2021
**£**
£
Independent examiner's fees
1,080
1,080
Depreciation of fixed assets
339
400|**4.**
**INVESTMENT INCOME**
**2022**
2021
**£**
£
Deposit account interest
**1,061**
1,476
**5.**
**GRANTS PAYABLE**
**2022**
2021
**£**
£
Charitable expenditure
**3,000**
2,000
The total grants paid to institutions during the year was as follows:
**2022**
2021
**£**
£
River Thames Boat Project
**1,000**
-
RNLI
**1,000**
-
Skerries for Schools
**-**
2,000
Thames Sailability
**1,000**
-
**3,000**
2,000
**6.**
**NET INCOME/(EXPENDITURE)**
The above includes the
following charges:
**2022**
2021
**£**
£
Independent examiner's fees
1,080
1,080
Depreciation of fixed assets
339
400|**4.**
**INVESTMENT INCOME**
**2022**
2021
**£**
£
Deposit account interest
**1,061**
1,476
**5.**
**GRANTS PAYABLE**
**2022**
2021
**£**
£
Charitable expenditure
**3,000**
2,000
The total grants paid to institutions during the year was as follows:
**2022**
2021
**£**
£
River Thames Boat Project
**1,000**
-
RNLI
**1,000**
-
Skerries for Schools
**-**
2,000
Thames Sailability
**1,000**
-
**3,000**
2,000
**6.**
**NET INCOME/(EXPENDITURE)**
The above includes the
following charges:
**2022**
2021
**£**
£
Independent examiner's fees
1,080
1,080
Depreciation of fixed assets
339
400|
|---|---|---|
||**2022**|2021|
||**£**|£|
||1,080|1,080|
||339|400|
||||
||||
Governance costs totalled £1,696 reflecting the costs of AGM and trustee meetings, accountancy support and independent examination. These costs have been apportioned equally between the two expenditure categories detailed in the Statement of Financial Activities.
In addition to the financial transactions, the Directors wish to acknowledge the considerable amount of time given voluntarily by members towards the work of the Society.
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
continued...
Page 11
**River Thames Society**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2022**
|**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
36,716
Other trading activities
11,825
Investment income
1,476
**Total**
50,017
**EXPENDITURE ON**
Raising funds
11,434
**Charitable activities**
Charitable expenditure
21,486
**Total**
32,920
Net gains on investments
8,417
**NET INCOME**
25,514
**RECONCILIATION OF FUNDS**
Total funds brought forward
179,124
**TOTAL FUNDS CARRIED FORWARD**
204,638
**9.**
**TANGIBLE FIXED ASSETS**
Freehold
property
Equipment
£
£
**COST**
At 1 November 2021 and 31 October 2022
**2,727**
**1,308**
**DEPRECIATION**
At 1 November 2021
**-**
**1,308**
Charge for year
**-**
**-**
At 31 October 2022
**-**
**1,308**
**NET BOOK VALUE**
At 31 October 2022
**2,727**
**-**
At 31 October 2021
2,727
-|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
Cutter
£
**10,621**
**8,358**
**339**
**8,697**
**1,924**
2,263|Total
funds
£
36,716
11,825
1,476|
|---|---|---|
|||50,017|
|||11,434
21,486|
|||32,920|
|||8,417|
|||25,514
179,124|
|||204,638|
|||Totals
£
**14,656**
**9,666**
**339**
**10,005**
**4,651**
4,990|
continued...
Page 12
**River Thames Society**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2022**
## **10. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||COIF|
||Ethical|
||Investment|
||Fund|
||£|
|**MARKET VALUE**||
|At 1 November 2021|**46,490**|
|Revaluations|**(3,043)**|
|At 31 October 2022|**43,447**|
|**NET BOOK VALUE**||
|At 31 October 2022|**43,447**|
|At 31 October 2021|46,490|
|There were no investment assets outside the UK.||
|Cost or valuation at 31 October 2022 is represented by:||
||**COIF**|
||**Ethical**|
||**Investment**|
||**Fund**|
||**£**|
|Valuation in 2022|**(3,043)**|
|Valuation in 2021|**8,416**|
|Valuation in 2020|**20,954**|
|Cost|**17,120**|
||**43,447**|
Fixed asset investments is represented by 9,632.30 COIF Charities Ethical Investment Fund Accumulation Units purchased for £17,120 on 6 September 2012. In the period to 31 October 2020 the increase in value had totalled £20,954 and the carrying value was £38,074. Further revaluations to 31 October 2022 have increased the value to £43,447.
## **11. STOCKS**
||**2022**|2021|
|---|---|---|
||**£**|£|
|Merchandise for resale|**1,844**|2,197|
||**=====**|=====|
continued...
Page 13
**River Thames Society**
|**Notes to the Financial Statements- continued**
**for the Year Ended 31 October 2022**
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals and deferred income
**14.**
**MOVEMENT IN FUNDS**
At
1.11.21
£
**Unrestricted funds**
General fund
**204,638**
**TOTAL FUNDS**
**204,638**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**42,138**
**(44,795)**
**TOTAL FUNDS**
**42,138**
**(44,795)**
**Comparatives for movement in funds**
At
1.11.20
£
**Unrestricted funds**
General fund
179,124
**TOTAL FUNDS**
179,124|**2022**
2021
**£**
£
**1,538**
1,828
**2022**
2021
**£**
£
**1,844**
1,815
Net
movement
At
in funds
31.10.22
£
£
**(5,700)**
**198,938**
**(5,700)**
**198,938**
Gains and
Movement
losses
in funds
£
£
**(3,043)**
**(5,700)**
**(3,043)**
**(5,700)**
Net
movement
At
in funds
31.10.21
£
£
25,514
204,638
25,514
204,638|
|---|---|
continued...
Page 14
**River Thames Society**
**Notes to the Financial Statements - continued for the Year Ended 31 October 2022**
## **14. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|50,017|(32,920)|8,417|25,514|
|**TOTAL FUNDS**|50,017|(32,920)|8,417|25,514|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
1.11.20
£
179,124
179,124|Net
movement
in funds
£
19,814
19,814|At
31.10.22
£
198,938
198,938|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|92,155|(77,715)|5,374|19,814|
|**TOTAL FUNDS**|92,155|(77,715)|5,374|19,814|
The net movement in funds as shown on page 6 as required by the Charity's Statement of Recommended Practice is a deficit of £5,700 (2021 -surplus £25,514). The deficit for Companies Act 2006 purposes is £2,657 (2021 - surplus £17,097) reflecting the amount before the unrealised loss (2021 gain) on revaluation of investments.
There were no Restricted Funds arising in the year.
The Unrestricted Funds consist of Branch and Headquarters' Funds
|31.10.21
Surplus/Deficit
Transfers
31.10.22|31.10.21
Surplus/Deficit
Transfers
31.10.22|31.10.21
Surplus/Deficit
Transfers
31.10.22|31.10.21
Surplus/Deficit
Transfers
31.10.22|
|---|---|---|---|
|for the year||||
|£||£|£
£|
|Branch Funds||||
|Upper Thames|2,098|12|0
2,110|
|Middle Thames|5,184|543|0
5,727|
|Teddington/Old Windsor|2,294|(90)|0
2,204|
|Upper Tideway|193|(5)|(188)
0|
|Central Tideway &
Estuary|1,070|(15
)|(1,055
)
0|
Page 15
continued...
**River Thames Society**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2022**
## **14. MOVEMENT IN FUNDS - continued**
|Branches Total|10,839|10,839|445
(1,243)|10,041|10,041|
|---|---|---|---|---|---|
|Headquarters - Central|164,428
||(3,102)
1,243|162,569||
|Revaluation Reserve||29,371|(3,043
)
0||26,328|
||204,638||(5,700
)
0|198,938||
|||||||
|||||||
Upper Tideway and Central Tideway & Estuary continue to exist as separate branches but for accounting purposes funds have been transferred to Central and are controlled therefrom.
## **15. CAPITAL COMMITMENTS**
At 31 October 2022 the company had authorised and contracted for capital expenditure of £Nil (2021 £Nil).
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 October 2022.
## **17. LEGAL STATUS OF THE CHARITABLE COMPANY**
The Society is a company limited by guarantee and does not have a share capital. Members have guaranteed contributions of an amount not exceeding £1 to the assets of the Society in the event of its dissolution. The total number of members at 31 October 2022 was 889 (2021 - 849) representing 501 individuals (including 28 life members), 326 families (including 6 life membership), 2 students, 45 clubs and 15 corporate organisations.
Page 16