**Charity number: 1094843** ## **THE REVIVAL CHURCH (TRC)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2021** ## **THE REVIVAL CHURCH (TRC)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 6| |**Independent examiner's report**|7| |**Statement of financial activities**|8| |**Balance sheet**|9| |**Notes to the financial statements**|10 - 22| **THE REVIVAL CHURCH (TRC)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021** |**Trustees**|Elena Ramos, Pastor| |---|---| ||Ruth Florence de Leon, Trustee| ||Leo Galinato, Treasurer| ||Dipesh J M Shah, Trustee| ||Althea Timoney, Secretary| |**Charity registered**
**number**
1094843
**Principal office**
111 Leamington Crescent
South Harrow
Middlesex
HA2 9HJ
**Accountants**
Brian Cook Associates
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH
**Bankers**
NatWest Bank
298 Elgin Avenue
London
W9 1WT
**Solicitors**
Forman Welch & Bellamys
23 London Road
Twickenham
TW1 3SX
**Advisers**
Mr A Ramos Associate Pastor|| Page 1 **THE REVIVAL CHURCH (TRC)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021** The Trustees present their annual report together with the financial statements of the The Revival Church (TRC) for the 1 April 2020 to 31 March 2021. ## **Objectives and activities** ## **a. Policies and objectives** The main objectives for the year continue to be the advancement of the Christian religion and education in the United Kingdom and in such other parts of the world as the trustees may from time to time think fit. In addition, the Charity aims to provide support and assistance to persons in conditions of need or hardship or who are aged or sick, in accordance with its objectives. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Strategies for achieving objectives** This year has truly been a challenging year. With the enforced lockdown, we have to stop our normal way of conducting church services as well as doing outreaches. Sunday Services, Bible Studies, Prayer meetings, Worship Team rehearsals, and outreaches all have to be conducted online. The contribution of volunteers is invaluable and creates the majority of the workforce, as they continually contact and encourage members to attend online transmissions and Zoom meetings. ## **Achievements and performance** ## **a. Review of activities** In the beginning of the year, the leadership have had a Zoom meeting to discuss the church’s vision for the year ahead. From this meeting, it was decided to continue with the mission statement that was created last year: “To develop Authentic, Relevant, Christian Community, where people live in relationship with God, encounter His life, love and power, flourish, and share that life with others.” Albeit, the way this was achieved was not face to face encounter but through the social media. During the lockdown, the members faced extreme challenges such as health anxiety, increased isolation, disruption to social and physical interactions, and importantly fear of losing jobs. The charity took initiatives in order to help members from different chapters (London, Basingstoke, Sweden, Switzerland, Philippines, and the newly opened Norway (in January 2021)) to cope with major health, social and financial disruptions. The church had conducted the following transmissions every week during the lockdown: Mondays – Leaders Meeting (from different chapters) Tuesdays – Zoom Bible Study and Prayer Time Thursdays – Zoom Worship Team meeting Fridays – Zoom Intercession and Prayer Time Sundays – Sunday Service live transmission on Facebook Page 2 **THE REVIVAL CHURCH (TRC)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** ## **Achievements and performance (continued)** We believe that faith in God, transmission discussions and teaching/instructions from the Bible made the members become resilient, helped them to withstand stress, adapt to change, and thrive in a crisis. And also, the volunteers had taken very commendable actions by being very willing to help (and always following the government’s strict guidelines and regulations) those living within their areas that were isolated and suffered from Covid-19. In addition, food and basic provisions were delivered by the pastors at the doorsteps of members who are elderly or lost their jobs and those truly isolated. We believe in the power of connecting with people and building a loving community even in lockdown. We encouraged the members to be involved in different online transmissions and Zoom meetings. This gave the chance for us to support and encourage one another as we walk with Jesus. The faithful tithers remain consistent with their giving although the total amount has decreased as the church attendance also has decreased during the lockdown. We have the Main Church in London and a satellite church in Basingstoke, three satellite churches in Europe (Lund, Sweden, Lausanne, Switzerland and Floro, Norway) and a satellite church in the Philippines. The Covid-19 virus and unusual happenings in Great Britain, in Europe, and all around the world are a challenge for us to pray and do the will of God while there is still time. We need to work hard for the Word of God to be preached because signs are happening and pointing to Christ’s second coming very soon. We thank God for the doors that are opening for the opportunity to do His work. The board of Trustees have decided to continue to carry out the outreaches and mission work, and the equipping of leaders in the Main Church as well as in the Satellite Churches. We work while it is still day for the night comes when no one will be able to work. We strongly acknowledge the value of one soul to God! There are two full time employed workers and one part time this year. We had 19 UK volunteers during the financial period. There are no serious incidents that need to be brought to the attention of the Charity Commission. In conclusion, the Board of Trustees and leaders would like to thank everyone for their prayers, support, hard work and encouragement during the year, as we all endeavor to continue in the vision and direction that God has for us. ## **b. Investment policy and performance** The Charity has the policy of keeping any surplus liquid funds in short term deposits which can be accessed readily should the need arise. Page 3 **THE REVIVAL CHURCH (TRC)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** The Charity aims to build up reserves of equivalent to two years' net income for the advancement of its objectives. The reserves policy will be reviewed on an annual basis. ## **Structure, governance and management** ## **a. Constitution** The Revival Church (TRC) is a registered charity, number 1094843, and is constituted under a Trust deed dated 6 February 2002. ## **b. Methods of appointment or election of Trustees** The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **c. Organisational structure and decision-making policies** The board of Trustees meets regularly (quarterly to twice yearly) and is the decision-making and governing body of the Charity. Consultation, proposals, decisions and planning must come from the board and the final implementation is done by board members and the different ministries. Proposals may come from the general officers, in which case, these proposals will be submitted to the board of Trustees for planning and approval. The board of Trustees will give the plans and decisions to the general officers for implementation. The results of the implementation will be submitted by the general officers back to the board for evaluation. A regular meeting of the board of Trustees is very important. The chair person gives the agenda and the board secretary must see to it that the agenda is given out prior to each meeting. ## **d. Policies adopted for the induction and training of Trustees** There are five Trustees namely: Ms Althea Timoney, Mr Dipesh Jose Mari Shah, Miss Ruth de Leon, Mr Leo Galinato and Mrs Elena Ramos. New Trustees are briefed on their legal obligations under charity law, the content of the Responsibility of Charity Trustess, the decision making process and recent financial performance of the Charity. Page 4 **THE REVIVAL CHURCH (TRC)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** ## **Structure, governance and management (continued)** ## **e. Risk management** The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. In addition, those responsible for the youth ministry are CRB checked, as the Trust continues to operate a Child Protection Policy. There is no more children ministry as families with children have moved to new addresses or have joined other churches with bigger children ministry. ## **Plans for future periods** The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. Therefore, our future plans will include not only church growth but also searching new ways of reaching out into the local community through social media during the lockdown. The resumption of Sunday service at the building (on 15th August 2021) was truly welcomed by the members of the congregation. Strict government and Askew Road Church’s (the landlord) guidelines were followed, and so attendance was restricted to only 30 people. With the continuous restrictions and the spread of Covid-19 variants, especially in the London area, it was decided to continue with online transmissions every last Sunday of the month and other church services and meetings be conducted on Zoom. Thankfully, also members of the other The Revival Church chapters worldwide are joining. ## **Declaration** There are no serious incidents that need to be brought to the attention of the Charity Commission. In conclusion, the Board of Trustees and leaders would like to thank everyone for their prayers, support, hard work and encouragement during the year, as we all endeavour to continue in the vision and direction that God has given us. ## **Members' liability** The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. Page 5 ## ## ## THE REVIVAL CHURCH (TRC) INDEPENDENT EXAMINERE REPORT FOR THE YEAR ENDED 31 MARCH 2021 Indepgndenl examlnefs report to the Tru8tee8 Ot The Revlval Church (TRC) (Ihe charWI I report to tho charity T￿￿teaS on my examinatk*n of the a¢0￿1￿ ol the charrty for the year ended 31 March 2021. Reapon•lbllltl81 and b••l• ol r•port As the Trustee5 of the charity are for tho preparation of the ¥￿Unts In accordance ￿￿th Ihe r*4uirements of the Chaiiti8s Ad 2011 Ilhg 2011 Acr). I rewrt In fessxct of my examIna￿ort ol the chartys ￿￿nts caNi&J oui urKler sectlon 145 01 th8 2011 Act arK1 in Carr￿ng out my examination I have fou0%￿￿ the aKrA￿ Dire¢tior6 givon by the Charity Cilmmlssion under seclon 145(Sllbl of Ihe 2011 Act. Ind6p•nd•nt •xamln•r'* •t•t•m•nt Your attention 58 drawn lo the ta￿ ihai the charTty ha8 prepar￿ the accounts In a¢¢ordance V•ilh Afxountlng and Reporting by Chari1165'. Sialemenl ol FlecommerKled Practice akvli¢abl& io charit￿S preparing Ihelr accounts In accordanc6 ￿th the Financial FI8￿rting Standard in ￿ UK a￿1 Republic ol IrelaTrd IFRS 1021 In preference to Ihe Accounting and ReFOrtirKd by Chanlies.. Statement ol Recommend&d Practice issued on 1 April 2005 whi¢h 1$ referred to in the extant r•Julallons Ixrt has b8en witlKlrawn. l understand that this has been done in order lor the ac¢ounts 10 prov•Je a Injg and I￿r in accordance wlth the Generally Accepted A(xounting Practice 8ttectiv8 for r¢FQrting periods b8ginning on or after 1 January 2015. I have compl8ted my examlnalon. I confim thai rn matters have come to my attanllon In connection ￿th the examlnation gMNJ me causo lo that in any material respo¢t.' a¢counllNJ records were Th)t kept In rOSFrft ot dwlty as rowirod by sectlon 130 of Ihg 2011 Act; or tho ac(￿unts do not a¢¢orf rgcoTds,' or the accounts do not ¢ompty wilh the aFWlcat4e rewlrements eoncerning tho fom and conlenl of accounts 681 out in th• Charities {Accounls and Rewrtsl R$gulat￿n5 2008 other than any requirement that the a¢¢ounts gNe a Irug vlow vthkh K8 not a matter (￿K￿ldered as part ol an ir*nd6nt examination. I havg no concern9 and have Come attoss rw) other rnatters in conrtttion wih tho oxaminalion lo which aiienlion shouhj be drawn in this rwrt in 0￿r lo en*le a pr¢yr utthrstaTrJing of the accounts to be rea¢h•J. Thls iepon Is made solety to the charws Trn$t￿, as a t(MJy, in accordance wth Part 4 01 the Charities IA¢counls arKI Fleports} Flegutalions 2(M)8. My I￿rk has teen undertaken $0 thai I m*Jhl state tr> the charws Trustees Ih08e matters l am requir￿1 to slate to them in an Independenl examinerfs resy)rt and for no other purFose. To tho fullest e enl permitted by law. I do not aecopi or assume responsibilty lo anyone other than the charty and the ¢haritys ees as a tr￿y, for my work w for this report. Signed: Brian T Cook Dated: FCA Brfan Cook Asx>clat•• Chartered Tax Advisers arKI Ac¢wntants Marin9 House 151 Western Road Haywards Heath Wesl Sussex RH163LH Page 7 **THE REVIVAL CHURCH (TRC)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** |**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**69,748**
**17**
**69,765**
**73,463**
**73,463**
**(3,698)**
**301,564**
**(3,698)**
**297,866**|**Total**
**funds**
**2021**
**£**
**69,748**
**17**
**69,765**
**73,463**
**73,463**
**(3,698)**
**301,564**
**(3,698)**
**297,866**|_Total_
_funds_
_2020_
_£_
_98,590_
_151_
_98,741_
_107,620_
_107,620_
_(8,879)_
_310,443_
_(8,879)_
_301,564_| |---|---|---|---| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 10 to 22 form part of these financial statements. Page 8 ## ||||2021||2020| |---|---|---|---|---|---| ||Note||£||£| |Fixed assets|||||| |Tangible assets|10||2,786||3,715| ||||2,786||3,715| |Current assets|||||| |Debtors|11|12,558||16,36_/|| |Cash at bank and in hand||284]556||283,448|| |||297,114||299,815|| |Creditors: amounts falling due within one|||||| |year|12|(2,034)||(1,966)|| |Net current assets|||295'080||297,849| |Total assets less cul'I.ent liabilities|||297,866||301,564| |Nct asscts excluding pension asset|||297,866||301,564| |Total net assets|||297,866||301,564| |Charity funds|||||| |F}estricted funds|||||| |Unrestricted funds|||297,866||301,564| |Total funds|||297,866||301,564| ## **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. General information** The Charity is registered with the Charity Commission for England and Wales number 1094843. The Charity's principal office address is 111 Leamington Crescent, South Harrow, Middlesex, HA2 9HJ. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Revival Church (TRC) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Income** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 10 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **2. Accounting policies (continued)** ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.4 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.5 Tangible fixed assets and depreciation** Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following basis: - Fixtures and fittings 25% reducing balance ## **2.6 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.7 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 11 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **2. Accounting policies (continued)** ## **2.8 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.9 Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.10 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 12 ## **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2021**
**£**
**Donations**
London donations
40,088
London offerings
-
London mission offering
30
Basingstoke donations
11,816
Basingstoke offerings
-
Gift aid recovered
11,964
**Tithes**
London tithes
1,910
Basingstoke tithes
2,165
Norway tithes
1,775
Sweden tithes and mission support
-
**Total 2021**
69,748
_Total 2020_
_98,590_
**Investment income**
**Unrestricted**
**funds**
**2021**
**£**
Bank interest
17|**Total**
**funds**
**2021**
**£**
**40,088**
**-**
**30**
**11,816**
**-**
**11,964**
**1,910**
**2,165**
**1,775**
**-**
**69,748**
_98,590_
**Total**
**funds**
**2021**
**£**
**17**|_Total_
_funds_
_2020_
_£_
_52,374_
_1,079_
_90_
_12,085_
_2,375_
_15,418_
_10,343_
_3,562_
_-_
_1,264_| |---|---|---| |||_98,590_| |||_Total_
_funds_
_2020_
_£_
_151_| ## **4. Investment income** Page 13 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** ||**Unrestricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2021**|**2021**|_2020_| ||**£**|**£**|_£_| |Advancement of the Christian religion|73,463|**73,463**|_107,620_| ## **6. Analysis of expenditure by activities** |Advancement of the Christian religion
_Total 2020_|**Activities**
**undertaken**
**directly**
**2021**
**£**
59,610
_92,643_|**Support**
**costs**
**2021**
**£**
13,853
_14,978_|**Total**
**funds**
**2021**
**£**
**73,463**
_107,621_|_Total_
_funds_
_2020_
_£_
_107,621_| |---|---|---|---|---| |||||| Page 14 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |**Advancement**
**of the Christian**
**religion**
**2021**
**£**
Staff costs
33,800
Hall rental
950
Food expenses
9
Travel and accommodation
275
European satellite expenses
1,800
Basingstoke expenses
14,736
Philippines mission costs
3,762
Evangelical events
159
Sundry equipment
900
Teaching materials
152
Training and course fees
168
Benevolent and assistance gifts
1,420
Trustees' expenses
-
Philippines repair costs
1,479
59,610|**Total**
**funds**
**2021**
**£**
**33,800**
**950**
**9**
**275**
**1,800**
**14,736**
**3,762**
**159**
**900**
**152**
**168**
**1,420**
**-**
**1,479**
**59,610**|_Total_
_funds_
_2020_
_£_
_33,800_
_13,518_
_3,239_
_4,175_
_2,773_
_21,457_
_6,305_
_1,991_
_1,328_
_344_
_1,043_
_2,401_
_269_
_-_| |---|---|---| |||_92,643_| Page 15 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |**Advancement**
**of the Christian**
**religion**
**2021**
**£**
Staff costs
9,620
Depreciation
929
Miscellaneous expenses
(225)
Printing and stationery
13
Telephone
1,849
Computer costs
-
Postage
43
Insurance
628
Publicity/IT
241
Accountancy
755
13,853|**Total**
**funds**
**2021**
**£**
**9,620**
**929**
**(225)**
**13**
**1,849**
**-**
**43**
**628**
**241**
**755**
**13,853**|_Total_
_funds_
_2020_
_£_
_9,620_
_1,238_
_320_
_458_
_1,669_
_103_
_21_
_612_
_181_
_756_| |---|---|---| |||_14,978_| ## **7. Independent examiner's remuneration** ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |Fees payable to the charity's independent examiner for the independent||| |examination of the charity's annual accounts|**318**|_318_| |Fees payable to the charity's independent examiner in respect of:||| |All other services not included above|**437**|_438_| Page 16 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **8. Staff costs** ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |Wages and salaries|**43,420**|_43,420_| The average number of persons employed by the charity during the year was as follows: |Pastors
Administration and ministry|**2021**
**No.**
**2**
**1**
**3**|_2020_
_No._
_2_
_1_| |---|---|---| |||| |||_3_| No employee received remuneration amounting to more than £60,000 in either year. ## **9. Trustees' remuneration and expenses** During the year 2 Trustees received remuneration amounting to £30,420 (2020 2 Trustees - £30,420). Elena Ramos was paid an annual salary of £20,800 (2020 - £20,800) for her services as the pastor. Dipesh J M Shah was paid an annual salary of £9,620 (2020 - £9,620) for his administration role and is also a member of the pastoral team. The annual salaries are agreed by the Board of Trustees. During the year ended 31 March 2021, expenses totalling _£_ NIL were reimbursed or paid directly to any Trustee _(2020 - £269 to 1 Trustee)_ . The prior year expenses related to travel costs. Page 17 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** |**10.**
**Tangible fixed assets**
**Cost or valuation**
At 1 April 2020
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
_At 31 March 2020_
**11.**
**Debtors**
**Due within one year**
Prepayments and accrued income
Tax recoverable|**2021**
**£**
**700**
**11,858**
**12,558**|**Fixtures and**
**fittings**
**£**
**24,319**| |---|---|---| |||**24,319**| |||**20,604**
**929**| |||**21,533**| |||**2,786**| |||_3,715_| |||_2020_
_£_
_950_
_15,417_
_16,367_| Page 18 ## **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **12. Creditors: Amounts falling due within one year** |Other taxation and social security
Other creditors
Accruals and deferred income
**Financial instruments**
**Financial assets**
Financial assets measured at amortised cost
**Financial liabilities**
Financial liabilities measured at amortised cost|**2021**
**£**
**975**
**320**
**739**
**2,034**
**2021**
**£**
**284,556**
**2021**
**£**
**(1,059)**|_2020_
_£_
_1,246_
_-_
_720_
_1,966_
_2020_
_£_
_283,448_
_2020_
_£_
_(720)_| |---|---|---| ## **13. Financial instruments** Financial assets measured at amortised cost comprise cash at bank and in hand. Financial liabilities measured at amortised cost comprise accruals. Page 19 **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **14. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
**Designated funds**
Capital fund
**General funds**
General Fund
**Total Unrestricted funds**
**Statement of funds - prior year**
**Unrestricted funds**
**Designated funds**
Capital fund
**General funds**
General Fund
**Total Unrestricted funds**|**Balance at 1**
**April 2020**
**£**
**200**
**301,364**
**301,564**
_Balance at_
_1 April 2019_
_£_
_200_
_310,243_
_310,443_|**Income**
**£**
**-**
**69,765**
**69,765**
_Income_
_£_
_-_
_98,742_
_98,742_|**Expenditure**
**£**
**-**
**(73,463)**
**(73,463)**
_Expenditure_
_£_
_-_
_(107,621)_
_(107,621)_|**Balance at**
**31 March**
**2021**
**£**
**200**| |---|---|---|---|---| |||||**297,666**| |||||**297,866**| |||||_Balance at_
_31 March_
_2020_
_£_
_200_| |||||_301,364_| |||||_301,564_| Page 20 ## **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **15. Summary of funds** ## **Summary of funds - current year** |Designated funds
General funds
**Summary of funds - prior year**
Designated funds
General funds|**Balance at 1**
**April 2020**
**£**
**200**
**301,364**
**301,564**
_Balance at_
_1 April 2019_
_£_
_200_
_310,243_
_310,443_|**Income**
**£**
**-**
**69,765**
**69,765**
_Income_
_£_
_-_
_98,742_
_98,742_|**Expenditure**
**£**
**-**
**(73,463)**
**(73,463)**
_Expenditure_
_£_
_-_
_(107,621)_
_(107,621)_|**Balance at**
**31 March**
**2021**
**£**
**200**
**297,666**| |---|---|---|---|---| |||||**297,866**| |||||_Balance at_
_31 March_
_2020_
_£_
_200_
_301,364_| |||||_301,564_| Page 21 ## **THE REVIVAL CHURCH (TRC)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **16. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2021**
**£**
Tangible fixed assets
2,786
Current assets
297,113
Creditors due within one year
(2,033)
**Total**
297,866|**Total**
**funds**
**2021**
**£**
**2,786**
**297,113**
**(2,033)**
**297,866**| |---|---| ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_3,715_
_299,816_
_(1,967)_
_301,564_|_Total_
_funds_
_2020_
_£_
_3,715_
_299,816_
_(1,967)_
_301,564_| |---|---|---| Page 22