The trustees present their report and financial statements for the year ended 30 September 2019.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
The Trust's Objects are to preserve, protect and improve for the benefit of the public the riverside and it's environs at Twickenham in the London Borough of Richmond upon Thames; to provide charitable facilities there for public recreation and community activities; and to advance the education of the public in the history and environment of the area.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.
The Trust continued to work to ensure that the Diamond Jubilee Gardens (“the Gardens”) are a widely known and used public open space in the heart of Twickenham.
In addition to a range of user groups regularly using the gardens for sport and r ecreation, the Trust, in collaboration with other organisations, hosted a series of well-attended, free-to-access events.
To further the above activities, in November 201 8 Celia Holman was appointed as a trustee, having played a key role in delivering the Trust’s events programme from reporting year 2014-2015 onwards.
The Trust continued to be supported by the London Borough of Richmond upon Thames and Try Twickenham BID in the delivery of part of its events programme.
Summary of events in reporting year 2018-2019:
November 2018. ''Christmas Fun with the Gruffalo''
Axel Scheffler, the illustrator of the The Gruffalo, read from his books, drew pictures and signed books.
This five-hour event was part of the annual Richmond Literature Festival.
Attendance: c.1000
June 2019: “Dog Show”
The RNLI also took part in this two-hour event, sharing advice on dogs and the river. The educational content of the event was further supported by the presence of the local dog training group.
This event was part of the annual Twickenham Festival.
Attendance: c.300
June 2019 : “Brass on the Grass”
Over the course of three hours, The Richmond Brass Band performed a Sixties-themed programme. Exhibition boards from the Eel Pie Island Museum, detailing the musical history of nearby Eel Pie Island, were also on display.
This event was part of the annual Twickenham Festival, and timed to coincide with the annual Eel Pie Island Open Studios event.
Attendance: c.500
June 2019 : “999 Emergency”
This three-hour event was made possible through the generous collaboration of St John Ambulance, London Metropolitan Police, the London Fire Brigade and Richmond Parks Patrol. Several response vehicles were on site, including a vintage police car.
Attendance: c.600
July 2019 : “Animal Magic”
A new events company delivered this year’s event, with a much improved educational content. Three shows were delivered during the three-hour event.
Attendance: c.450
September 2019: “Petanque Taster Day”
The University of the Third Age hosted this four-hour event to introduce petanque to new players. Two additional temporary pitches were constructed to allow more attendees to participate.
Attendance: c.60
The Trust applied for funding grants in 2018 /19 to Twickenham BID, Co-op Local Community Fund and Tesco Bags of Help.
In June 2019, Richmond Council commissioned RIBA to run an architectural competition (the winner of which was announced in November 2019) to redevelop Twickenham Embankment, to include the area known as Diamond Jubilee Gardens. The Trust was, and continues to be, mindful of its stated aims and objects with respect to any proposed redevelopment.
During the year the income of the Trust was boosted by some personal donations. The events were such that the Trust made a small deficit for the year.
The expenses to which the Trust is committed on an annual basis are minimal and so the Board of Trustees are still of the opinion that the financial position of the Trust is secure now and for the forseable future.
The Trust does not have a reserves policy, but the Trustees are of the opinion that the current level of reserves are sufficient such that in the event of a significant drop in funding, they will be able to continue the Trust’s current activities while consideration is given to ways in which additional funds may be raised.
The trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The Trust is a company limited by guarantee.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
The power to appoint trustees is vested in the present trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trust is governed by the Board of Trustees who ensure that the objectives of the trust are being met.
The trustees' r eport was approved by the Board of Trustees.
The trustees, who are also the directors of Twickenham Riverside Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
I report to the trustees on my examination of the financial statements of Twickenham Riverside Trust (the Trust) for the year ended 30 September 2019.
As the trustees of the Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Trust 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 the Trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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 that in any material respect:
accounting records were not kept in respect of the Trust as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements 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 financial statements 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 financial statements to be reached.
Income from fundraising activities
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Twickenham Riverside Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit F, Whiteacres, Cambridge Road, Whetstone, Leicestershire, LE8 6ZG.
The financial statements have been prepared in accordance with the Trust's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Trust is a Public Benefit Entity as defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the Trust. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
All funds of the Trust are unrestricted funds. Unrestricted funds are available for use at the discretion of the trustees to furth er any of the charit y's purposes.
Income is recognised when the Trust has entitlement to the funds, the amounts can be measured reliably, and it is probable that the income will be received. The following specific policies are applicable to particular categories of income:
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probably and its amount can be measured reliably.
Legacies income is recognised when receipt is probable and entitlement is established.
Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted service.
Expenditure is recognised on an accruals basis as a liability is incurred.
Income from fundraising activities
Fundraising activities
Fundraising activities
Insurance
Accountancy
Legal and professional
Website
2019 2018
£ £
Fees payable to the Independent Examiner for:
Preparation of financial Statements 360 360
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There were no disclosable related party transactions during the year (2018 - none).