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 2023 Riverside Christian Fellowship For the year ended 31st December 2023 ## **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 2023 ## **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 26 Siloh Road Landore Swansea SA1 2PJ Bankers Barclays Bank plc Llanelli Branch 1 Riverside Christian Fellowship For the year ended 31st December 2023 ## **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 Trustees are pleased to report on the Trust's activities by highlighting the key activities and events that took place during 2023 as follows: 1. The Trussell Trust Foodbank Franchise was transferred to a newly formed CIO, named Swansea Foodbank, following guidance from Trussell Trust. 2. The rationale for the formation of Swansea Foodbank CIO was to create a tailor-made organisation which could more effectively adopt and embrace the broader vision of Trussell Trust throughout the United Kingdom. 3. RCF will maintain a separate ring-fenced bank account for the purpose of collecting and redistributing all and any legacy revenues and costs attributable to the activities of Foodbank. 4. All legacy Foodbank donations will therefore be passed across to Swansea Foodbank. 5. At the end of December 2023, the balance in the dedicated Foodbank current account was £59,235.06 which included approximately £25,000 of grant funds dedicated to covering the salary costs of staff involved in the Financial Inclusion project. 6. There were no other restricted funds in RCF at 31 December 2023. 7. The members of RCF adopted the recommendation of the Trustees and Leadership team to accept an offer to enter into a lease agreement for Seion Noddfa Chapel, located on Gorseinon High Street. 8. Seion Noddfa Chapel will be managed by the Trustees, to ensure that its use will be closely aligned with the RCF core objectives, as stated in its Trust Formation Document. 9. The members of RCF continue to devote their time to supporting the weekly Foodbank clinic and community café. 10. The staff, originally recruited by RCF to provide the Financial Inclusion service, were transferred across from RCF to Swansea Foodbank in August 2023 and RCF no longer has any employees. There are no serious incidents to report during the year ended 31st December 2023. ## **Reserves** The only restricted reserves at 31 December 2023 were those held in the bank account for all the Foodbank activities, and the year-end balance was £59,235.06 (of which £25,000 related specifically to salary costs for the Financial Inclusion team). 2 Riverside Christian Fellowship For the year ended 31st December 2023 ## **Report to the Trustees (cont)** 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: Christopher John Davies Position: Chairman of the Trustees Date: …............................................................... 3 Riverside Christian Fellowship For the year ended 31st December 2023 ## **Independent Examiner's Report to the Trustees of Riverside Christian Fellowship** I report on the accounts for the year ended 31st December 2023 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 26 Siloh Road Landore Swansea SA1 2PJ 4 Riverside Christian Fellowship For the year ended 31st December 2023 ## **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**|**2023**
**2022**
**£**
**£**
116,843
98,758
263
22| |---|---| ||117,106
98,780
-
-
1,901
254
94,924
129,224
27,997
24,891| ||124,822
154,369
**7,716**
**-**
**55,589**
**-**| 5 Riverside Christian Fellowship For the year ended 31st December 2023 ## **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**|**2023**
**2022**
**£**
**£**
10,484
23,066
263
22| |---|---| ||10,748
23,088
-
-
1,901
254
19,413
4,479
22,274
20,163| ||43,589
24,896
**32,841**
**-**
**1,808**
**-**| ||**2022**
**2021**
**£**
**£**
106,359
75,691
-
-| ||**106,359**
**75,691**
-
-
-
-
75,511
124,745
5,723
4,728| ||**81,234**
**129,473**
**25,125**
**53,782**
**-**| 6 Riverside Christian Fellowship For the year ended 31st December 2023 ## **Balance Sheet as as 31st December 2023** |_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_|**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
**RCF**
**FOODBANK**
**TOTAL**
**TOTAL**
12,909
4,190
**17,099**
**17,099**
16,187
59,235
75,422
78,674
-
12,500
12,500
16,064
-
-
-
-
**16,187**
**71,735**
**87,922**
**94,738**
900
900
**1,800**
**900**
**15,287**
**70,835**
**86,122**
**93,838**
**28,196**
**75,025**
**103,221**
**110,937**| |---|---| ||6,040
38,881
97,181
72,056
**103,221**
**110,937**| 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 2023 ## **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 2023 ## **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** ||**2023**
**£**|**2022**
**£**| |---|---|---| |Donations||| |Christian Fellowship|9,300|22,210| |Foodbank|94,762|60,757| |Trussell Trust|5,794|10,070| |||| |Gift Aid||| |Christian Fellowship|1,184|856| |Foodbank|5,803|4,864| |**TOTAL**|**116,843**|**98,758**| 9 Riverside Christian Fellowship For the year ended 31st December 2023 ## **Notes to the Financial Statements (continued)** ## **Investment Income** ||**2023**
**£**|**2022**
**£**| |---|---|---| |Bank Interest||| |Christian Fellowship|263|22| |Foodbank|-|-| |**TOTAL**|**263**|**22**| ## **4. ANALYSIS OF RESOURCES EXPENDED** ## **Fundraising Costs** ||**2023**
**£**|**2022**
**£**| |---|---|---| |**Christian Fellowship**||| |Projects Tithe Money|-|-| |Refund of Tithe|-|-| |Good FridayMeal|-|-| |Hire of Halls|1,901|254| |Petrol Costs|-|-| |Carol Service|-|-| |Café Revive Costs|-|-| |Men's Breakfast|-|-| |**TOTAL**|**1,901**|**254**| 10 Riverside Christian Fellowship For the year ended 31st December 2023 ## **Notes to the Financial Statements (continued)** ## **Charitable Activities** ||**2023**
**£**|**2022**
**£**| |---|---|---| |**Christian Fellowship**||| |Admin & Outreach|-|-| |Swansea Pregnancy|600|600| |EFGA RE Wales & South|50|40| |Siloam RunningCosts|15,822|753| |Telephone,Fax & Internet|1,429|844| |Gifts & Donations|1,045|1,881| |PO Box|468|360| |**Foodbank**||| |Food Boxes|-|-| |OpeningFood Stock|16,064|24,411| |Food Purchases|30,602|29,197| |Other Purchases|-|49| |ClosingFood Stock|12,500
-|16,064
-| |Gifts & Donations|-|18,849| |St Thomas Room & Admin|10,192|16,562| |Wages|31,153|51,741| |**TOTAL**|**94,924**|**129,223**| ## **Governance Costs** ||**2023**
**£**|**2022**
**£**| |---|---|---| |**Christian Fellowship**||| |Pastoral Payments|18,630|18,278| |PCCA CCPAS|-|-| |Copyright Licences|176|168| |Accountancy|450|450| |Insurance|2,834|1,227| |EA Membership|-|-| |Legal & Professional|185|40| |**Foodbank**||| |Trussell Trust Franchise Fee|350|360| |Printing,Postage,Ink & Stationary|401|57| |Other Foodbank Costs|987|474| |Telephone|386|222| |Equipment|2,228|2,253| |Accountancy|706|450| |Rent,Heat & Light|425|672| |Bank Charges|240|240| |**TOTAL**|**27,997**|**24,891**| 11 Riverside Christian Fellowship For the year ended 31st December 2023 ## **Notes to the Financial Statements (continued)** ## **5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE** ## **Fees for the examination or audit of the Accounts** ||**2023**
**£**|**2022**
**£**| |---|---|---| |**Accountancy and Independent Examination Fees**||| |Christian Fellowship|450|450| |Foodbank|450|450| ||**900**|**900**| ## **6. CASH IN HAND & AT BANK** ||**2023**
**£**|**2022**
**£**| |---|---|---| |Riverside Christian Fellowship|14,082|4,366| |Foodbank|59,235|48,737| |Deposit Account|2,104|25,570| ||**75,422**|**78,673**| ## **7. FOOD STOCK** Food stock held at the year end had a value of £12,500. This includes food that was donated during the year end to 31st December 2023 that had not yet been distributed. ## **Stock Reconciliation** |**Stock Reconciliation**|| |---|---| ||**£**| |**Opening Stock as at 1st January 2023**|16,064| |Food Purchased|30,602| |Food Donated|5,500| |Out of Date/Damaged Stock|220| |Stock Issued|39,446| |**Closing Stock as at 31st December 2023**|**12,500**| ## **8. DEBTORS & PREPAYMENTS** ||**2023**
**£**|**2022**
**£**| |---|---|---| |Tesco Gift Card|-|-| ||-|-| 12 Riverside Christian Fellowship For the year ended 31st December 2023 ## **Notes to the Financial Statements (continued)** ## **9. CREDITORS & ACCRUALS** ||**2023**
**£**|**2022**
**£**| |---|---|---| |Accruals|900|900| |Food Undistributed|-|-| ||**900**|**900**| ## **10. FUNDS** ||**2023**
**£**|**2022**
**£**| |---|---|---| |Riverside Christian Fellowship|6,040|38,881| |Foodbank|97,181|72,056| ||**103,221**|**110,937**| ## **11. SOURCES & APPLICATIONS OF RESTRICTED FUNDS DURING THE YEAR** |**Source of Funds**|**Received**
**£**|**Spent**
**£**|**Balance**
**£**| |---|---|---|---| |Digital Inclusion|8,000.00|-|8,000.00| ||-|-|-| ||-|-|-| ||**8,000.00**|**-**|**8,000.00**| 13