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 2024 Riverside Christian Fellowship For the year ended 31st December 2024 ## **Contents Page** |Charity Information|1| |---|---| |Trustees Report|2| |Independent Examiner's Report|3| |Summary Receipts & Payments Account|4| |Riverside Receipts & Payments Account|5| |Foodbank Receipts & Payments Account|5| |Balance Sheet|6| |Notes to the Financial Statements|7 - 12| Riverside Christian Fellowship For the year ended 31st December 2024 ## **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 237 Jersey Road Bonymaen Swansea SA1 7DL Bankers Barclays Bank plc Llanelli Branch 1 Riverside Christian Fellowship For the year ended 31st December 2024 ## **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. ## **Successful Foodbank Reorganisation:** The primary event of the year was the strategic transfer of RCF's **Trussell Trust Foodbank franchise** to a newly created, independent charity (a CIO) named **Swansea Foodbank.** This transition was **successfully navigated** during **2024** . It was formally completed when the new Swansea Foodbank CIO received its own unique reference number from HMRC for the Gift Aid scheme, allowing it to operate as a fully independent entity. The rationale for the separation was to create a dedicated organization that could better align with the national Trussell Trust's broader vision. ## **Financial and Staff Transfers:** All RCF staff, who were part of the Financial Inclusion service, were transferred over to the new Swansea Foodbank in **August 2023** . As a result, RCF **no longer had any employees** at the end of **2023** . RCF maintained a separate, ring-fenced bank account to handle legacy Foodbank funds, which are to be passed to the new charity. As of 31 December 2024, this account held £1,240.35, which were the charity's only restricted funds. ## **Governance** There were no changes to the Board of Trustees (no new appointments or resignations) in 2024. There are no serious incidents to report during the year ended 31st December 2024. Declaration: I declare in my capacity as a trustee that: The trustees have 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: …............................................................... 2 Riverside Christian Fellowship For the year ended 31st December 2024 ## **Independent Examiner's Report to the Trustees of Riverside Christian Fellowship** I report on the accounts for the year ended 31st December 2024 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 237 Jersey Road Bonymaen Swansea SA1 7DL 3 Riverside Christian Fellowship For the year ended 31st December 2024 ## **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**|**2024**
**2023**
**£**
**£**
74,738
116,843
139
263
74,877
117,106
-
-
-
1,901
131,235
94,924
19,243
27,997
150,478
124,822
**75,601**
**-**
**7,716**
**-**| |---|---| 4 Riverside Christian Fellowship For the year ended 31st December 2024 ## **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**|**2024**
**2023**
**£**
**£**
74,738
10,484
139
263
74,877
10,747
-
-
-
1,901
20,457
19,413
19,243
22,274
39,700
43,588
**35,177**
**32,841**
**-**
**2024**
**2023**
**£**
**£**
-
106,359
-
-
**-**
**106,359**
-
-
-
-
110,778
75,511
-
5,723
**110,778**
**81,234**
**110,778**
**-**
**25,125**| |---|---| 5 Riverside Christian Fellowship For the year ended 31st December 2024 ## **Balance Sheet as as 31st December 2024** |_notes_
**FIXED ASSETS**
Land and Buildings
**CURRENT ASSETS**
Cash in Hand and at Bank
_6_
Food Stock
Debtors
_7_
**CREDITORS**
Amounts falling due within one year
_8_
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
RCF
_9_
Restricted Funds
Foodbank
_9_|**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
**RCF**
**FOODBANK**
**TOTAL**
**TOTAL**
12,909
4,190
**17,099**
**17,099**
9,681
1,240
10,921
75,422
-
-
-
12,500
-
-
-
-
**9,681**
**1,240**
**10,921**
**87,922**
400
-
**400**
**1,800**
**9,281**
**1,240**
**10,521**
**86,122**
**22,190**
**5,430**
**27,620**
**103,221**
41,217
6,040
13,597
-
97,181
**27,620**
**103,221**| |---|---| |The financial statements were approved by the Board of Trustees on|The financial statements were approved by the Board of Trustees on|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._ 6 Riverside Christian Fellowship For the year ended 31st December 2024 ## **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. 7 Riverside Christian Fellowship For the year ended 31st December 2024 ## **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 -----**
2024 2023
£ £
Donations
Christian Fellowship 60,391 9,300
Foodbank - 94,762
Trussell Trust - 5,794
Gift Aid
Christian Fellowship 14,347 1,184
Foodbank - 5,803
TOTAL 74,738 116,843
**----- End of picture text -----**
8 Riverside Christian Fellowship For the year ended 31st December 2024 ## **Notes to the Financial Statements (continued)** ## **Investment Income** **----- Start of picture text -----**
2024 2023
£ £
Bank Interest
Christian Fellowship 139 263
Foodbank - -
TOTAL 139 263
**----- End of picture text -----**
## **4. ANALYSIS OF RESOURCES EXPENDED** ## **Fundraising Costs** ||**2024**|**2024**|**2023**|**2023**| |---|---|---|---|---| |||**£**||**£**| |**Christian Fellowship**||||| |Projects Tithe Money|-||-|| |Refund of Tithe|-||-|| |Good Friday Meal|-||-|| |Hire of Halls|-||1,901|| |Petrol Costs|-||-|| |Carol Service|-||-|| |Café Revive Costs|-||-|| |Men's Breakfast|-||-|| |**TOTAL**|**-**||**1,901**|| 9 Riverside Christian Fellowship For the year ended 31st December 2024 ## **Notes to the Financial Statements (continued)** ## **Charitable Activities** **----- Start of picture text -----**
2024 2023
£ £
Christian Fellowship
Seion Refurb 9,509 -
Swansea Pregnancy 600 600
EFGA RE Wales & South - 50
Siloam Running Costs 8,002 15,822
Telephone, Fax & Internet 1,532 1,429
Gifts & Donations 418 1,045
PO Box 396 468
Foodbank
Food Boxes - -
Opening Food Stock 12,500 16,064
Food Purchases - 30,602
Other Purchases - -
Closing Food Stock - - 12,500
Gifts to Foodbank 98,278 -
St Thomas Room & Admin - 10,192
-
Wages 31,153
TOTAL 131,235 94,924
**----- End of picture text -----**
## **Governance Costs** ||**2024**|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |**Christian Fellowship**|||| |Pastoral Payments|18,278||18,630| |PCCA CCPAS|-||-| |Copyright Licences|285||176| |Accountancy|400||450| |Insurance|-||2,834| |EA Membership|-||-| |Legal & Professional|280||185| |**Foodbank**|||| |Trussell Trust Franchise Fee|-||350| |Printing, Postage, Ink & Stationary|-||401| |Other Foodbank Costs|-||987| |Telephone|-||386| |Equipment|-||2,228| |Accountancy|-||706| |Rent, Heat & Light|-||425| |Bank Charges|-||240| |**TOTAL**|**19,243**||**27,997**| 10 Riverside Christian Fellowship For the year ended 31st December 2024 ## **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 -----**
2024 2023
£ £
Accountancy and Independent Examination Fees
Christian Fellowship 400 450
Foodbank - 450
400 900
**----- End of picture text -----**
## **6. CASH IN HAND & AT BANK** ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Riverside Christian Fellowship|9,332|14,082| |Foodbank|1,240|59,235| |Deposit Account|348|2,104| ||**10,921**|**75,422**| ## **7. DEBTORS & PREPAYMENTS** ||||**2024**|**2024**|**2023**|**2023**| |---|---|---|---|---|---|---| |||||**£**||**£**| |Tesco|Gift|Card|-||-|| ||||-||-|| 11 Riverside Christian Fellowship For the year ended 31st December 2024 ## **Notes to the Financial Statements (continued)** ## **8. CREDITORS & ACCRUALS** **----- Start of picture text -----**
2024 2023
£ £
Accruals 400 900
Food Undistributed - -
400 900
**----- End of picture text -----**
## **9. FUNDS** |||**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |Riverside Christian Fellowship||41,217|6,040| |Foodbank|-|13,597
|97,181| |||**27,620**|**103,221**| ## **10. SOURCES & APPLICATIONS OF RESTRICTED FUNDS DURING THE YEAR** |**Source of Funds**|**Received**|**Spent**|**Spent**|**Balance**| |---|---|---|---|---| ||**£**||**£**|**£**| |Foodbank Account|1,240.35|-||1,240.35| ||-|-||-| ||-|-||-| ||**1,240.35**|**-**||**1,240.35**| 12