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 2022
Riverside Christian Fellowship For the year ended 31st December 2022
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 - 13 |
Riverside Christian Fellowship For the year ended 31st December 2022
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
1
Riverside Christian Fellowship For the year ended 31st December 2022
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.
There are no serious incidents to report during the year ended 31st December 2022.
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.
2
Riverside Christian Fellowship For the year ended 31st December 2022
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.
A new CIO was formed in May 2023 which adopts 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. The Foodbank activities are therefore being transferred across to the new CIO from the middle of 2023 which will be reflected in the next financial year.
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: …...............................................................
3
Riverside Christian Fellowship For the year ended 31st December 2022
Independent Examiner's Report to the Trustees of Riverside Christian Fellowship
I report on the accounts for the year ended 31st December 2022 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:
-
examine the accounts under section 145 of the Charities Act,
-
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
4
Riverside Christian Fellowship
For the year ended 31st December 2022
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 |
2022 2021 £ £ 98,758 163,586 22 1 98,780 163,587 - - 254 132 129,224 109,895 24,891 19,718 154,369 129,745 55,589 - 33,842 |
|---|---|
5
Riverside Christian Fellowship For the year ended 31st December 2022
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 |
2022 2021 £ £ 23,066 30,868 22 1 23,088 30,869 - - 254 132 4,479 4,993 20,163 15,160 24,896 20,285 1,808 - 10,584 2022 2021 £ £ 75,691 132,717 - - 75,691 132,717 - - - - 124,745 104,902 4,728 4,558 129,473 109,460 53,782 - 23,257 |
|---|---|
6
Riverside Christian Fellowship For the year ended 31st December 2022
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 |
2022 2022 2022 2021 £ £ £ £ RCF FOODBANK TOTAL TOTAL 12,909 4,190 17,099 17,099 29,936 48,737 78,674 125,916 - 16,064 16,064 24,411 - - - - 29,936 64,801 94,738 150,327 450 450 900 900 29,486 64,351 93,838 149,427 42,395 68,541 110,937 166,526 38,881 40,689 72,056 125,838 110,938 166,527 |
|---|---|
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.
7
Riverside Christian Fellowship For the year ended 31st December 2022
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.
8
Riverside Christian Fellowship For the year ended 31st December 2022
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
----- Start of picture text -----
2022 2021
£ £
Donations
Christian Fellowship 22,210 24,243
Foodbank 60,757 93,265
Trussell Trust 10,070 25,950
Gift Aid
Christian Fellowship 856 6,625
Foodbank 4,864 13,502
TOTAL 98,758 163,585
----- End of picture text -----
9
Riverside Christian Fellowship For the year ended 31st December 2022
Notes to the Financial Statements (continued)
Investment Income
----- Start of picture text -----
2022 2021
£ £
Bank Interest
Christian Fellowship 22 1
Foodbank - -
TOTAL 22 1
----- End of picture text -----
4. ANALYSIS OF RESOURCES EXPENDED
Fundraising Costs
| 2022 | 2022 | 2021 | 2021 | |
|---|---|---|---|---|
| £ | £ | |||
| Christian Fellowship | ||||
| Projects Tithe Money | - | - | ||
| Refund of Tithe | - | - | ||
| Good Friday Meal | - | - | ||
| Hire of Halls | 254 | 132 | ||
| Petrol Costs | - | - | ||
| Carol Service | - | - | ||
| Café Revive Costs | - | - | ||
| Men's Breakfast | - | - | ||
| TOTAL | 254 | 132 |
10
Riverside Christian Fellowship
For the year ended 31st December 2022
Notes to the Financial Statements (continued)
Charitable Activities
----- Start of picture text -----
2022 2021
£ £
Christian Fellowship
Admin & Outreach - -
Swansea Pregnancy 600 600
EFGA RE Wales & South 40 240
Siloam Running Costs 753 1,104
Telephone, Fax & Internet 844 839
Gifts & Donations 1,881 1,850
PO Box 360 360
Foodbank
Food Boxes - -
Opening Food Stock 24,411 36,882
Food Purchases 29,197 13,603
Other Purchases 49 1,800
Closing Food Stock - 16,064 - 24,411
Gifts & Donations 18,849 35,000
St Thomas Room & Admin 16,562 18,341
Wages 51,741 23,687
TOTAL 129,224 109,895
----- End of picture text -----
Governance Costs
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Christian Fellowship | ||
| Pastoral Payments | 18,278 | 13,608 |
| PCCA CCPAS | - | - |
| Copyright Licences | 168 | 80 |
| Accountancy | 450 | 450 |
| Insurance | 1,227 | 891 |
| EA Membership | - | 90 |
| Legal & Professional | 40 | 40 |
| Foodbank | ||
| Trussell Trust Franchise Fee | 360 | 360 |
| Printing, Postage, Ink & Stationary | 57 | 688 |
| Other Foodbank Costs | 474 | - |
| Telephone | 222 | 282 |
| Equipment | 2,253 | 1,588 |
| Accountancy | 450 | 750 |
| Rent, Heat & Light | 672 | 650 |
| Bank Charges | 240 | 240 |
| TOTAL | 24,891 | 19,717 |
11
Riverside Christian Fellowship For the year ended 31st December 2022
Notes to the Financial Statements (continued)
5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE
Fees for the examination or audit of the Accounts
----- Start of picture text -----
2022 2021
£ £
Accountancy and Independent Examination Fees
Christian Fellowship 450 450
Foodbank 450 450
900 900
----- End of picture text -----
6. CASH IN HAND & AT BANK
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Riverside Christian Fellowship | 4,366 | 11,546 |
| Foodbank | 48,737 | 97,687 |
| Deposit Account | 25,570 | 16,684 |
| 78,674 | 125,917 |
7. FOOD STOCK
Food stock held at the year end had a value of £16,064 This includes food that was donated during the year end to 31st December 2022 that had not yet been distributed.
Stock Reconciliation
| Opening Stock as at 1st January 2022 Food Purchased Food Donated Out of Date/Damaged Stock Stock Issued Closing Stock as at 31st December 2022 |
£ 24,411 13,610 181,842 10,500 193,299 16,064 |
|---|---|
8. DEBTORS & PREPAYMENTS
| 2022 | 2022 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Tesco | Gift | Card | - | - | ||
| - | - |
12
Riverside Christian Fellowship For the year ended 31st December 2022
Notes to the Financial Statements (continued)
9. CREDITORS & ACCRUALS
----- Start of picture text -----
2022 2021
£ £
Accruals 900 900
Food Undistributed - -
900 900
----- End of picture text -----
10. FUNDS
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Riverside Christian Fellowship | 38,881 | 40,689 |
| Foodbank | 72,056 | 125,838 |
| 110,938 | 166,527 |
11. SOURCES & APPLICATIONS OF RESTRICTED FUNDS DURING THE YEAR
| Source of Funds | Received | Received | Spent | Spent | Balance | Balance |
|---|---|---|---|---|---|---|
| £ | £ | £ | ||||
| ASDA Fight Hunger Grant | - | - | - | |||
| Trussell Trust Financial Inclusion Grant | - | - | - | |||
| City & County of Swansea PP Grant | - | - | - | |||
| - | - | - |
13