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 2023
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 2023
| 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 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
River Thames Society
Reference and Administrative Details for the Year Ended 31 October 2023
| TRUSTEES | Peter Finch Chairman of Council |
|---|---|
| Rupert Bagilhole | |
| Jack Betteridge | |
| David Lambert | |
| Jackie Lambert | |
| Hilary Pereira | |
| Colin Reynolds (resigned 22.4.23) | |
| Gillian Rix | |
| John Skuse | |
| John Tamsitt | |
| Abigail Reynolds | |
| Roy Miller | |
| Thomas Berman | |
| Peter Hall | |
| Caroline Blease (appointed 22.4.23) | |
| 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
for the Year Ended 31 October 2023
Trustees' Report
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 2023. 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.
Financial review
The Statement of Financial Activities for the year on page 6 shows a net surplus for the Society of £16,008 (2022 net deficit £5,700). 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 £44,699 (2022- £22,944) were raised.
-
2) Income generated from the Thames Guardian magazine and merchandise sales totalled £11,287 (2022 - £6,886).
-
3) Events realised income of £10,391 (2022 - £11,137).
-
4) Investment income in the form of bank & other interest totalled £1,895 (2022 - £1,061). The increase in value of the COIF Units in the Charities Ethical Investment Fund was £515 (2022 -decrease £3,043).
The Thames Guardian magazine realised a deficit of £7,256 (2022 £4,636). The magazine historically made a surplus for use towards charitable activities, The downturn has followed the impact on Covid-19 and the economic impact on such as property advertising revenue The Directors are liaising with the publishers and would hope that in the longer term the magazine will move back into surplus. The publication continues to provide the Society with publicity, with the added advantage that it saves the cost of a separate members newsletter.
Included in charitable expenditure is £5,500 defrayed on a grants for Kingston Maritime Volunteer Service and Wild Marlow are 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 2023 total generated funds were £217,084 (2022 - £198,938), all of which is unrestricted funds.
Page 2
River Thames Society
for the Year Ended 31 October 2023
Trustees' Report
OBJECTIVES AND ACTIVITIES
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 surplus for the year ended 31 October 2023 totalled £18,146 (2022 net deficit £5,700). This includes an unrealised surplus on revaluation of investments of £515. The balance on the unrestricted income fund at 31 October 2023 was £217,084 (2022 £198,938). 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).
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. 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
Page 3
River Thames Society
for the Year Ended 31 October 2023
Trustees' Report
INDEPENDENT EXAMINER
Ian S Anderson was appointed Independent Examiner at the last Annual General Meeting.
Approved by order of the board of trustees on 19 February 2024 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 2023.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
-
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
-
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
Ian S Anderson, Chartered Accountant Greengarth Thicket Grove Maidenhead Berkshire SL6 4LW
19 February 2024
Page 5
River Thames Society
Statement of Financial Activities for the Year Ended 31 October 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 44,699 Other trading activities 3 21,753 Investment income 4 1,895 Total 68,347 EXPENDITURE ON Raising funds 18,738 Charitable activities Charitable expenditure 31,978 Total 50,716 Net gains/(losses) on investments 515 NET INCOME/(EXPENDITURE) 18,146 RECONCILIATION OF FUNDS Total funds brought forward 198,938 TOTAL FUNDS CARRIED FORWARD 217,084 |
Restricted fund £ - - - - - - - - - - - |
2023 Total funds £ 44,699 21,753 1,895 68,347 18,738 31,978 50,716 515 18,146 198,938 217,084 |
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 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
River Thames Society
Balance Sheet
31 October 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 4,311 Investments 10 43,963 48,274 CURRENT ASSETS Stocks 11 2,089 Debtors 12 3,669 Cash at bank and in hand 165,199 170,957 CREDITORS Amounts falling due within one year 13 (2,147) NET CURRENT ASSETS 168,810 TOTAL ASSETS LESS CURRENT LIABILITIES 217,084 NET ASSETS 217,084 FUNDS 14 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - - - |
2023 Total funds £ 4,311 43,963 48,274 2,089 3,669 165,199 170,957 (2,147) 168,810 217,084 217,084 217,084 217,084 |
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 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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
Balance Sheet - continued
31 October 2023
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 19 February 2024 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 2023
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 2023
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
| Donations Gift aid Subscriptions |
2023 £ 23,804 2,912 17,983 44,699 |
2022 £ 1,382 2,741 18,821 |
|---|---|---|
| 22,944 |
Donations includes £22,500 received from the Thames Heritage Trust.
3. OTHER TRADING ACTIVITIES
| Events Sale of merchandise Thames Guardian magazine Other income - cutter |
2023 £ 10,391 597 10,690 75 21,753 |
2022 £ 11,137 472 6,414 110 |
|---|---|---|
| 18,133 |
continued...
Page 10
River Thames Society
Notes to the Financial Statements - continued for the Year Ended 31 October 2023
| 4. | INVESTMENT INCOME | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Deposit account interest | 1,823 | 1,061 | |
| COIF interest | 72 | - | |
| 1,895 | 1,061 | ||
| 5. | GRANTS PAYABLE | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Charitable expenditure | 5,500 | 3,000 | |
| The total grants paid to institutions during the year was as follows: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| River Thames Boat Project | - | 1,000 | |
| RNLI | - | 1,000 | |
| Thames Sailability | - | 1,000 | |
| Kingston MVS | 5,000 | - | |
| Wild Marlow | 500 | - | |
| 5,500 | 3,000 | ||
| 6. | NET INCOME/(EXPENDITURE) | ||
| The above includes the | |||
| following charges: | 2023 | 2022 | |
| £ | £ | ||
| Independent examiner's fees | 1,080 | 1,080 | |
| Depreciation of fixed assets | 340 | 339 |
Governance costs totalled £1,980 reflecting the costs of AGM and trustee meetings, accountancy and taxation 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 2023 nor for the year ended 31 October 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
continued...
Page 11
River Thames Society
Notes to the Financial Statements - continued for the Year Ended 31 October 2023
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,944 Other trading activities 18,133 Investment income 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 9. TANGIBLE FIXED ASSETS Freehold property Equipment £ £ COST At 1 November 2022 and 31 October 2023 2,727 1,308 DEPRECIATION At 1 November 2022 - 1,308 Charge for year - - At 31 October 2023 - 1,308 NET BOOK VALUE At 31 October 2023 2,727 - At 31 October 2022 2,727 - |
Restricted fund £ - - - - - - - - - - - Cutter £ 10,621 8,697 340 9,037 1,584 1,924 |
Total funds £ 22,944 18,133 1,061 42,138 18,562 26,233 44,795 (3,043) (5,700) 204,638 198,938 Totals £ 14,656 10,005 340 10,345 4,311 4,651 |
|---|---|---|
continued...
Page 12
River Thames Society
Notes to the Financial Statements - continued for the Year Ended 31 October 2023
10. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| COIF | |
| Ethical | |
| Investment | |
| Fund | |
| £ | |
| MARKET VALUE | |
| At 1 November 2022 | 43,447 |
| Revaluations | 516 |
| At 31 October 2023 | 43,963 |
| NET BOOK VALUE | |
| At 31 October 2023 | 43,963 |
| At 31 October 2022 | 43,447 |
| There were no investment assets outside the UK. | |
| Cost or valuation at 31 October 2023 is represented by: | |
| COIF | |
| Ethical | |
| Investment | |
| Fund | |
| £ | |
| Valuation in 2023 | 516 |
| Valuation in 2022 | (3,043) |
| Valuation in 2021 | 8,416 |
| Valuation in 2020 | 20,954 |
| Cost | 17,120 |
| 43,963 |
Fixed asset investments is represented by 9,632.30 COIF Charities Ethical Investment Fund Accumulation Units purchased for £17,120 on 6 September 2012. By the year to 31 October 2020 there had been a net increase in value of £20,954. with a further increase in 2021 of £8,416 and a decrease in 2022 of £3,043. There was a modest recovery in the year to 31 October 2023 with an increase in value of £516. As at 31 October 2023 the overall value stood at £43,963.
11. STOCKS
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Merchandise for resale | 2,089 | 1,844 |
| ===== | ===== |
continued...
Page 13
River Thames Society
| Notes to the Financial Statements- continued for the Year Ended 31 October 2023 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 1.11.22 £ Unrestricted funds General fund 198,938 TOTAL FUNDS 198,938 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 68,347 (50,716) TOTAL FUNDS 68,347 (50,716) Comparatives for movement in funds At 1.11.21 £ Unrestricted funds General fund 204,638 TOTAL FUNDS 204,638 |
2023 2022 £ £ 3,669 1,538 2023 2022 £ £ 2,147 1,844 Net movement At in funds 31.10.23 £ £ 18,146 217,084 18,146 217,084 Gains and Movement losses in funds £ £ 515 18,146 515 18,146 Net movement At in funds 31.10.22 £ £ (5,700) 198,938 (5,700) 198,938 |
|---|---|
continued...
Page 14
River Thames Society
Notes to the Financial Statements - continued for the Year Ended 31 October 2023
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 | 42,138 | (44,795) | (3,043) | (5,700) |
| TOTAL FUNDS | 42,138 | (44,795) | (3,043) | (5,700) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.21 £ 204,638 204,638 |
Net movement in funds £ 12,446 12,446 |
At 31.10.23 £ 217,084 |
|---|---|---|---|
| 217,084 |
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 | 110,485 | (95,511) | (2,528) | 12,446 |
| TOTAL FUNDS | 110,485 | (95,511) | (2,528) | 12,446 |
The net movement in funds as shown on page 6 as required by the Charity's Statement of Recommended Practice is a surplus of £18,146 (2022 -deficit £5,700). The surplus for Companies Act 2006 purposes is £17,631 (2022 - deficit £2,657) reflecting the amount before the unrealised gain (2022 loss) on revaluation of investments.
There were no Restricted Funds arising in the year.
The Unrestricted Funds consist of Branch and Headquarters' Funds
| 31.10.22 | Surplus/Deficit | Transfers | 31.10.23 | |
|---|---|---|---|---|
| for the year | ||||
| £ | £ | £ | £ | |
| Branch Funds | ||||
| Upper Thames | 2,110 | 0 | 0 | 2,110 |
| Middle Thames | 5,727 | 70 | 0 | 5,797 |
| Teddington/Old Windsor | 2,204 | 148 | 0 | 2,352 |
| Upper Tideway | 0 | 23 | 0 | 23 |
| Central Tideway & | ||||
| Estuary | 0 | 0 | 0 | 0 |
Page 15
continued...
River Thames Society
Notes to the Financial Statements - continued for the Year Ended 31 October 2023
14. MOVEMENT IN FUNDS - continued
| Branches Total Headquarters - Central Revaluation Reserve |
10,041 162,569 26,328 198,938 |
241 0 15,251 0 516 0 16,008 0 |
10,282 177,820 26,844 214,946 |
|---|---|---|---|
Pursuant to difficulties retaining banking facilities at reasonable cost, in 2022 Upper Tideway and Central Tideway & Estuary closed their bank accounts with the funds being transferred to Central of £188 and £1,055 respectively. Such funds are earmarked for these branches future use and the carry forward for Upper Tideway above represents an additional surplus from cash transactions in 2023. Notwithstanding the arrangement, both continue to exist as separate branches for their relevant stretches of the River Thames.
15. CAPITAL COMMITMENTS
At 31 October 2023 the company had authorised and contracted for capital expenditure of £Nil (2022 £Nil).
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2023.
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 2023 was 888 (2022 - 889) representing 503 individuals (including 29 life members), 327 families (including 6 life membership), 1 student, 46 clubs and 11 corporate organisations.
Page 16
River Thames Society
Detailed Statement of Financial Activities for the Year Ended 31 October 2023
| Detailed Statement of Financial Activities for the Year Ended 31 October 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 23,804 | 1,382 |
| Gift aid | 2,912 | 2,741 |
| Subscriptions | 17,983 | 18,821 |
| 44,699 | 22,944 | |
| Other trading activities | ||
| Events | 10,391 | 11,137 |
| Sale of merchandise | 597 | 472 |
| Thames Guardian magazine | 10,690 | 6,414 |
| Other income - cutter | 75 | 110 |
| 21,753 | 18,133 | |
| Investment income | ||
| Deposit account interest | 1,823 | 1,061 |
| COIF interest | 72 | - |
| 1,895 | 1,061 | |
| Total incoming resources | 68,347 | 42,138 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Secretarial | 6,068 | 6,260 |
| Insurance | 751 | 769 |
| Publicity & newsletters | 13 | - |
| Sundries | 80 | - |
| Events | 10,271 | 9,397 |
| Cost of sales & provision | 85 | 848 |
| Subscriptions & donations | 140 | 100 |
| Governance allocation | 990 | 848 |
| Depn of cutter | 340 | 340 |
| 18,738 | 18,562 | |
| Charitable activities | ||
| Thames Guardian magazine | 14,364 | 11,050 |
| Affiliation/entrance/cutter fees | 765 | 1,467 |
| Summer boat trip event | - | 2,611 |
| Secretarial | 10,359 | 7,257 |
| Governance allocation | 990 | 848 |
| Grants to institutions | 5,500 | 3,000 |
| 31,978 | 26,233 |
This page does not form part of the statutory financial statements
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River Thames Society
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 October 2023 | ||
| 2023 | 2022 | |
| £ | £ | |
| Total resources expended | 50,716 | 44,795 |
| Net income/(expenditure) before gains and | ||
| losses | 17,631 | (2,657) |
| Realised recognised gains and losses | ||
| Revaluation of investments | 515 | (3,043) |
| Net income/(expenditure) | 18,146 | (5,700) |
This page does not form part of the statutory financial statements
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