RIVERSIDE CHARITABLE TRUST LIMITED
Establish, maintain and support places of education. Establish maintain and support places providing relief for sickness and infirmity and for the aged. Relieve the poverty of any person employed or formerly employed in the shoe trade. Priority given to activities in the Rossendale area.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £113,650 for the year, resulting in a decrease in unrestricted funds from £1,770,777 to £1,657,127. The trustees report that resources are adequate to continue in operational existence for the foreseeable future, with cash at bank of £24,772 and total investments valued at £1,637,095.
What the accounts disclose
“It is the Charity's policy to hold reserves to cover any unforeseen losses that may arise and also cover any potential down fall in the process of its investments.” — page 5
“During the year the Charity made a donation of £1,000 (2024 - £1,000) to Bacup Cricket Club junior section. Mr B J Lynch is a trustee director and is connected to Bacup Cricket Club as a result of being a trustee of the club.” — page 19
“During the year the Charity made a donation of £300 (2024 - £300) to Rossendale Scouts group (45th). Mr N Green is connected to Rossendale Scouts group (45th).” — page 19
“During the year the Charity made a donation of £1,000 (2024 - £1,000) to Bacup Cricket Club junior section. Mr B J Lynch is a trustee director and is connected to Bacup Cricket Club as a result of being a trustee of the club.” — page 19
“During the year the Charity made a donation of £300 (2024 - £300) to Rossendale Scouts group (45th). Mr N Green is connected to Rossendale Scouts group (45th).” — page 19
Trustees
- BARRY JOHN LYNCHchair
- ANGELA O'GORMAN
- BRIAN TERRY
- IAN BARRY DEARING
- MARK BUTTERWORTH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £46k | £115k |
| 05/04/2024 | £56k | £114k |
| 05/04/2023 | £35k | £103k |
| 05/04/2022 | £31k | £112k |
| 05/04/2021 | £38k | £113k |
Common questions
Is RIVERSIDE CHARITABLE TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £113,650 for the year, resulting in a decrease in unrestricted funds from £1,770,777 to £1,657,127. The trustees report that resources are adequate to continue in operational existence for the foreseeable future, with cash at bank of £24,772 and total investments valued at £1,637,095. Its FY2025 accounts were independently examined.