Charity Number: 1060756
Registered in England & Wales
The Riverside Christian Fellowship
Report to the Trustees and Unaudited Financial Statements
For the year ended 31st December 2021
Riverside Christian Fellowship For the year ended 31st December 2021
Contents Page
| Charity Information | 1 |
|---|---|
| Trustees Report | 2 - 3 |
| Independent Examiner's Report | 4 |
| Summary Receipts & Payments Account | 5 |
| Riverside Receipts & Payments Account | 6 |
| Foodbank Receipts & Payments Account | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 14 |
Riverside Christian Fellowship For the year ended 31st December 2021
Charity Information
Trustees Miss Caroline Addy Mr Gary Hope Mr Wayne Phillips Mrs Julie Rees Mr Chris Davies Registered Number 1060756 Registered Office Riverside Christian Fellowship St Pauls Terrace Gorseinon Swansea Independent Examiners Swansea Accountancy Limited 58 Lan Coed Winch Wen Swansea SA1 7LL Bankers Barclays Bank plc Llanelli Branch
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Riverside Christian Fellowship For the year ended 31st December 2021
Report to the Trustees
The Trust is registered with the Charity Commission (No. 1060756). Its governing document is a Trust Deed dated 20th January 1997.
No new trustees were added during the year and there were no resignations.
The object of the Trust is the advancement of the Christian religion in accordance with the tenets of belief set out as part of the original Trust Deed, employing means as outlined in the original Deed.
During the year, the various aspects of ministry carried out under the auspices of Riverside Christian Fellowship have continued. Riverside, however, also seeks to support members of the public of all ages through a variety of means.
The normal running of the Food Bank Café was interrupted by Covid-19 restrictions during March 2020 however the Trustees are pleased to report that the Café was reopened in July 2022 in collaboration with St Catherines Church in Gorseinon.
We continue to work in partnership with both charitable and non-charitable organisations in various ways to support the wider community across the City & County of Swansea.
Swansea Foodbank, which was opened in Riverside in 2010 continued to expand its operations during the year and we continue to work with a growing number of agencies, with support from various churches, schools and individuals from local communities across the City & County of Swansea. The main activities are to provide emergency food parcels to individuals and families who have suffered from a change in circumstances which is often followed by a delay in receiving their State Benefit entitlement.
In September 2021, with the support of 'Financial Inclusion' grant funding from Trussell Trust, the Trustees decided to employ a benefit advisor and are please to include an impact statement as an appendix to this report (Page 14). This excellent initiative has delivered significant positive outcomes for 109 clients (up to May 2022) with total benefit awards amounting to £402,846.56.
There are no serious incidents to report during the year ended 31st December 2021.
Reserves
The Trustees are mindful of the commitment to provide security of employment for the newly appointed Benefit Advisor and in this context decided to maintain a reserve equivalent to the associated annual costs of employment including salary, employer's pension and employers' National Insurance Contributions.
The Trustees are convinced that the value being delivered by this new service entirely justify their decision to maintain and expand capacity in order to reach out and help more clients.
Accordingly, it was decided to ensure that, for as long as possible, a rolling reserve of approximately £50,000 would be maintained to underwrite the ongoing provision and expansion of the Benefit Advisor service.
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Riverside Christian Fellowship For the year ended 31st December 2021
Report to the Trustees (cont)
Looking to the Future
The Trustees recognise the growth in activity of the Foodbank and Benefit Advice services across the City & County of Swansea and are now keen to transfer stewardship of the expanding vision of Trussell Trust to a new team of Trustees with wider representation from other participating Churches, organisations and individuals.
It is anticipated that a new CIO will be formed before the end of 2022 and this new Charitable organisation will adopt an objects clause which is fully aligned with the widening vision of Trussell Trust to address some of the root causes which have resulted in increased demand for Foodbanks.
Declaration:
I declare in my capacity as a trustee that:
The trustees hae approved the above report, and Have authorised me to sign it on their behalf
Signature: …............................................................... Full Name: …............................................................... Position: Chairman of the Trustees Date: …...............................................................
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Riverside Christian Fellowship For the year ended 31st December 2021
Independent Examiner's Report to the Trustees of Riverside Christian Fellowship
I report on the accounts for the year ended 31st December 2021 set out on pages 5 to 7.
Respective responsibilities of the trustees and examiner
The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention:
-
1 which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…..............................................................
Date: ….....................................
Mrs Lisa Allen ACCA Swansea Accountancy Limited 58 Lan Coed Winch Wen Swansea SA1 7LL
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Riverside Christian Fellowship
For the year ended 31st December 2021
Total Statement of Financial Activities
| notes INCOMING RESOURCES Voluntary Income 3 Investment Income 3 Total incoming resources RESOURCES EXPENDED Costs of Generating Voluntary Income 4 Fundraising Trading Costs 4 Charitable Activities 4 Governance Costs 4 Total resources expended NET INCOMING/(OUTGOING) RESOURCES |
2021 2020 £ £ 163,586 137,438 1 6 |
|---|---|
| 163,587 137,444 - - 132 400 109,895 51,834 19,718 17,170 |
|
| 129,745 69,404 33,842 68,040 |
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Riverside Christian Fellowship For the year ended 31st December 2021
Riverside Christian Fellowship Statement of Financial Activities
| notes INCOMING RESOURCES Voluntary Income 3 Investment Income 3 Total incoming resources RESOURCES EXPENDED Costs of Generating Voluntary Income 4 Fundraising Trading Costs 4 Charitable Activities 4 Governance Costs 4 Total resources expended NET INCOMING/(OUTGOING) RESOURCES notes INCOMING RESOURCES Voluntary Income 3 Investment Income 3 Total incoming resources RESOURCES EXPENDED Costs of Generating Voluntary Income 4 Fundraising Trading Costs 4 Charitable Activities 4 Governance Costs 4 Total resources expended NET INCOMING/(OUTGOING) RESOURCES Swansea Foodbank Statement of Financial Activities |
2021 2020 £ £ 30,868 47,005 1 6 |
|---|---|
| 30,870 47,011 - - 132 400 4,993 3,336 15,160 13,985 |
|
| 20,285 17,721 10,584 29,290 |
|
| 2021 2020 £ £ 132,717 90,433 - - |
|
| 132,717 90,433 - - - - 104,902 48,498 4,558 3,185 |
|
| 109,460 51,683 23,257 38,750 |
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Riverside Christian Fellowship For the year ended 31st December 2021
Balance Sheet as as 31st December 2021
| notes FIXED ASSETS Land and Buildings CURRENT ASSETS Cash in Hand and at Bank 6 Food Stock 7 Debtors 8 CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted Funds RCF 10 Restricted Funds Foodbank 10 |
2021 2021 2021 2020 £ £ £ £ RCF FOODBANK TOTAL TOTAL 12,909 4,190 17,099 12,909 28,230 97,687 125,916 84,675 - 24,411 24,411 36,882 - - - - 28,230 122,098 150,328 121,557 450 450 900 1,780 27,780 121,648 149,428 119,777 40,689 125,838 166,527 132,686 |
|---|---|
| 40,689 23,699 125,838 108,987 166,527 132,686 |
The financial statements were approved by the Board of Trustees on …...................... and were signed on its behalf by:
| SIGNED | ….................................................... | ||
|---|---|---|---|
| TRUSTEE | ….................................................... | DATE | ….................................................... |
| SIGNED | ….................................................... | ||
| TRUSTEE | ….................................................... | DATE | ….................................................... |
The notes form part of these financial statements.
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Riverside Christian Fellowship For the year ended 31st December 2021
Notes to the Financial Statements
1. ACCOUNTING POLICIES
The Financial Statements have been prepared under the historic cost basis of accounting, and are in accordance with applicable accounting standards, the SORP "Accounting and Reporting by Charities" (issued in March 2005) and the Charities Act.
2. INCOMING RESOURCES
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SoFA) when:
-
The charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability
Grants and Donations
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SoFA when they are received.
Investment Income
Investment income is included in the accounts when receivable.
EXPENDITURE & LIABILITIES
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.
Costs of Generating Funds
This comprises those costs attributable to generating incoming resources from al sources other than those from undertaking charitable activities.
Charitable Activities
This comprises all expenditure directly relating to the objects of the Charity.
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Riverside Christian Fellowship For the year ended 31st December 2021
Notes to the Financial Statements (continued)
Governance Costs
Governance costs comprise costs incurred in the governance of the Charity. These costs include costs relating to Independent Examination, together with apportionment of overhead and support costs where appropriate.
Taxation
The Charity is exempt from taxation.
ASSETS
Fixed Assets
Fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Stocks and Work in Progress
Stock held is of food donated during the year but not yet distributed. Stock is valued by weight of stock held multiplied by an external valuation figure.
3. ANALYSIS OF INCOMING RESOURCES
Incoming Resources from Charitable Activities
| 2021 £ |
2020 £ |
|
|---|---|---|
| Donations | ||
| Christian Fellowship | 24,243 | 47,005 |
| Foodbank | 93,265 | 66,162 |
| Trussell Trust | 25,950 | 20,484 |
| Gift Aid | ||
| Christian Fellowship | 6,625 | - |
| Foodbank | 13,502 | 3,786 |
| TOTAL | 163,586 | 137,437 |
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Riverside Christian Fellowship For the year ended 31st December 2021
Notes to the Financial Statements (continued)
Investment Income
| 2021 £ |
2020 £ |
|
|---|---|---|
| Bank Interest | ||
| Christian Fellowship | 1 | 6 |
| Foodbank | - | - |
| TOTAL | 1 | 6 |
4. ANALYSIS OF RESOURCES EXPENDED
Fundraising Costs
| 2021 £ |
2020 £ |
|
|---|---|---|
| Christian Fellowship | ||
| Projects Tithe Money | - | - |
| Refund of Tithe | - | - |
| Good FridayMeal | - | - |
| Hire of Halls | 132 | 400 |
| Petrol Costs | - | - |
| Carol Service | - | - |
| Café Revive Costs | - | - |
| Men's Breakfast | - | - |
| TOTAL | 132 | 400 |
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Riverside Christian Fellowship
For the year ended 31st December 2021
Notes to the Financial Statements (continued)
Charitable Activities
| 2021 £ |
2020 £ |
|
|---|---|---|
| Christian Fellowship | ||
| Admin & Outreach | - | 43 |
| Swansea Pregnancy | 600 | 600 |
| EFGA RE Wales & South | 240 | 240 |
| Siloam RunningCosts | 1,104 | 1,073 |
| Telephone,Fax & Internet | 839 | 757 |
| Gifts & Donations | 1,850 | 270 |
| PO Box | 360 | 353 |
| Foodbank | ||
| Food Boxes | - | - |
| OpeningFood Stock | 36,882 | 31,046 |
| Food Purchases | 13,603 | 3,053 |
| Other Purchases | 1,800 | 378 |
| ClosingFood Stock | 24,411 - |
36,882 - |
| Gifts & Donations | 35,000 | 37,600 |
| St Thomas Room & Admin | 18,341 | - |
| Casual Wages | 23,687 | 13,303 |
| TOTAL | 109,895 | 51,834 |
Governance Costs
| 2021 £ |
2020 £ |
|
|---|---|---|
| Christian Fellowship | ||
| Pastoral Payments | 13,608 | 12,240 |
| PCCA CCPAS | - | - |
| Copyright Licences | 80 | 157 |
| Accountancy | 450 | 445 |
| Insurance | 891 | 859 |
| EA Membership | 90 | 90 |
| Legal & Professional | 40 | 194 |
| Foodbank | ||
| Trussell Trust Franchise Fee | 360 | 360 |
| Printing,Postage,Ink & Stationary | 688 | 566 |
| Clothing | 19 | 504 |
| Telephone | 282 | 360 |
| Equipment | 1,569 | 161 |
| Accountancy | 750 | 445 |
| Rent,Heat & Light | 650 | 550 |
| Bank Charges | 240 | 240 |
| TOTAL | 19,718 | 17,171 |
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Riverside Christian Fellowship For the year ended 31st December 2021
Notes to the Financial Statements (continued)
5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE
Fees for the examination or audit of the Accounts
| 2021 £ |
2020 £ |
|
|---|---|---|
| Accountancy and Independent Examination Fees | ||
| Christian Fellowship | 450 | 445 |
| Foodbank | 450 | 445 |
| 900 | 890 |
6. CASH IN HAND & AT BANK
| 2021 £ |
2020 £ |
|
|---|---|---|
| Riverside Christian Fellowship | 11,546 | 746 |
| Foodbank | 97,687 | 72,995 |
| Deposit Account | 16,684 | 10,933 |
| 125,916 | 84,674 |
7. FOOD STOCK
Food stock held at the year end had a value of £24,411. This includes food that was donated during the year end to 31st December 2021 that had not yet been distributed.
Stock Reconciliation
| Stock Reconciliation | |
|---|---|
| £ | |
| Opening Stock as at 1st January 2021 | 36,882 |
| Food Purchased | 13,603 |
| Food Donated | 149,077 |
| Out of Date/Damaged Stock | 12,105 |
| Stock Issued | 163,046 |
| Closing Stock as at 31st December 2021 | 24,411 |
8. DEBTORS & PREPAYMENTS
| 2021 £ |
2020 £ |
|
|---|---|---|
| Tesco Gift Card | - | - |
| - | - |
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Riverside Christian Fellowship For the year ended 31st December 2021
Notes to the Financial Statements (continued)
9. CREDITORS & ACCRUALS
| 2021 £ |
2020 £ |
|
|---|---|---|
| Accruals | 900 | 1,780 |
| Food Undistributed | - | - |
| 900 | 1,780 |
10. FUNDS
| 2021 £ |
2020 £ |
|
|---|---|---|
| Riverside Christian Fellowship | 40,689 | 23,699 |
| Foodbank | 125,838 | 108,987 |
| 166,527 | 132,686 |
11. SOURCES & APPLICATIONS OF RESTRICTED FUNDS DURING THE YEAR
| Source of Funds | Received £ |
Spent £ |
Balance £ |
|---|---|---|---|
| ASDA Fight Hunger Grant | 8,870.99 | 8,870.99 | - |
| Trussell Trust Financial Inclusion Grant | 10,519.42 | 10,519.42 | - |
| City& Countyof Swansea PP Grant | 1,800.00 | 1,800.00 | - |
| 21,190.41 | 21,190.41 | - |
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Riverside Christian Fellowship For the year ended 31st December 2021
Appendix to the Trustees Report - Benefit Advice Service Newsletter
INITIAL PROJECT END REPORT - MAY 2022
I first want to say a huge thank you to everyone for their hard work, support and patience, ensuring that the new Welfare Benefit Advice Service has got on to a flying start and been a real success. We have now completed the calculations from the start of the project up to the end of April and the stats are quite impressive:
The total number of people referred to the benefit advice service - 178
The total number of people who actively received advice -152
Average wait time (in days) to attend a first appointment with the adviser - 3.5 days
Total number of clients from the food bank with projected or confirmed income gains following their contact with the benefit advice service - 109
The total amount (£) of projected or confirmed annual income gains for food bank clients following contact with the benefit advice service - £402,846.56
Clients also received support from:
The Community Phone project - giving free smartphones with free calls, texts and data for 12 months
Baby Basics – giving free baby items including baths, Moses-baskets, clothes, nappies, etc.
NEST – who provide free insulation and replacement boilers as well as energy advice to home owners and tenants of private landlords
Christians Against Poverty – giving face to face free debt advice for some of our most vulnerable clients
The Sharing Table - Free Christmas hampers to feed a family of 6
As you can see the amount of increased income is very substantial, and represents just how much additional support our clients have been missing out on. One most notable case involves a client who has missed out on the carer premium in her means-tested benefits for over 20 years, due to an official error by DWP. That case is ongoing, but once resolved, the client should receive over £35,000 in backdated benefit awards. None of this would have been possible without your help and support, and the overwhelming kindness of our donors, who have enabled us to continue to support these clients with food whilst we wait for their statutory benefit entitlement to be resolved. So, on behalf of all my clients, THANK YOU!
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