R.I.V.A Project
Work based training activities and independent living skills for people with disabilities, incorporating a coffee shop and charity shop for the students to gain hands on experience.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a small operating loss of £12.9k for the year, with total expenditure of £247k exceeding income of £239.8k. Unrestricted reserves stood at £69k as of March 2024, while a reserves policy was drafted setting a threshold of £35.6k for restricted funds. The trustees note financial pressures related to securing a lease agreement with Sheffield City Council.
What the accounts disclose
“Total Charity income had increased to £239.8k during the 12 months helped by increased student fees (£85k vs.£76.9k 2024) café takings (£75.5k vs £70.9k 2024), and donations and legacies £55k.” — page 1
“In addition, a Reserves Policy was drafted and agreed, setting a threshold of £35.6 of restricted funds from May 2025.” — page 2
“Discussions continue with Sheffield City Council over the Heads of Terms of a Lease for use of the facility at Wisewood, against a backdrop of our significant investment in the facilities. We hope to reach an agreement in 2024/5 whilst recognising the financial pressures being experienced by Sheffield City Council.” — page 2
Trustees
- Colin Munciechair
- Christopher Merrick
- DEBRA CLARKE
- Dorothy Phoenix
- Kirsty Allen
- Pamela Smith
- Rev Paul Grayshon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £240k | £247k |
| 31/03/2024 | £188k | £217k |
| 31/03/2023 | £242k | £217k |
| 31/03/2022 | £149k | £131k |
| 31/03/2021 | £116k | £108k |
Common questions
Is R.I.V.A Project financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a small operating loss of £12.9k for the year, with total expenditure of £247k exceeding income of £239.8k. Unrestricted reserves stood at £69k as of March 2024, while a reserves policy was drafted setting a threshold of £35.6k for restricted funds. The trustees note financial pressures related to securing a lease agreement with Sheffield City Council. Its FY2025 accounts were audited by Thorntons Accountants Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 06/01/2023 | £10k | R.I.V.A Activity Project |