RIVERSIDE
For the year ended 31 August 2020
Riverside Church Trust
Charity number: 1099487 Company number: 4479264
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2019-2020 Annual Report and Accounts.v4 Final
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= =—_—
REFERENCE AND ADMINISTRATIVEINFORMATION
Charity Name: Riverside Church Trust Charity Registration Number: 1099487 Company Registration Number: 4479264
Registered Office and operational address: Riverside House 21 Alcester Road . Moseley Birmingham B13 8AR
TRUSTEES/DIRECTORS
A Worthington (chairperson commencing Jan 2019) S Ashton P Bonner A Barker L Cuthbert L Priestley C Roberts } Tomlinson M Waldram
CHURCH LEADERSHIP TEAM
A Mackie T Chilvers | Moore
INDEPENDENT BANKERS EXAMINER
SOLICITORS
N Currie F.C.A. The Co-operative Bank PLC Anthony Collins Jerroms PO Box 250, Delf House Solicitors LLP Lumaneri House Southway 134 Edmund Street Blythe Gate Skelmersdale Birmingham Blythe Valley Park =WN8 6WT B3 2ES Solihull B90 8AH
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The Trustees, who are also directors of the company for the purposes of Company Law, present their report and accounts for the year ended 31 August 2020.
This report has been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finance Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), and in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
STRUCTURE, GOVERNANCE AND MANAGEMENT
oe
GOVERNING =——— DOCUMENT The organisation is a charitable company limited by guarantee, incorporated on 5 July 2002, merging together previous charities Riverside Ministries Trust (charity number 327647) and Riverside Fellowship Trust (charity number 1046841).
The objects of Riverside Church Trust are defined in the Memorandum and Articles of Association and the Trustees ensure that the activities of the church remain in line with these at all times.
RECRUITMENT AND APPOINTMENT OF TRUSTEES
The current Trustees were appointed following nomination , and they have the power of appointment and removal. All trustees are serving as Directors,
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|Trustees|serving|Changes|
|September|2019|to|
|August|2020|
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|Steve|Ashton|Resigned|trustees|14/02/2020|
|Alison|Barker|
|Penny|Bonner|
|Lois Cuthbert|Resigned|trustees|13/01/2020|
|Liz|Priestiey|Joined|trustees|20/07/2020|
|Chris|Roberts|Resigned|trustees|10/06/2020|
|James Tomlinson|Joined|trustees|08/06/2020|
|Mike Waldram|Joined|trustees|11/02/2019|
|Andy Worthington|Appointed|chairperson 01/01/2019|
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TRUSTEE INDUCTION AND TRAINING
The Company Secretary is responsible for the briefing and training of trustees, drawing on resources from the Trust's solicitors, accountants and other relevant organisations such as
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the Charity Commission and the Evangelical Alliance. We keep abreast of developments in charity law and policy through several charity bulletins and seminars available for trustees, Significant changes are worked through in detail.
Trustees are always appointed from within the members of Riverside Church, and hence are familiar with the day-to-day work of the church. A trustee “induction pack” is available providing an introduction to the legal requirements and responsibilities of trustees, and a comprehensive statement of the objects, values and beliefs of the church.
ORGANISATIONAL STRUCTURE
Riverside Church has a Board of trustees, who meet regularly throughout the year to provide support to the leadership team and oversee the direction of the church in keeping with the Objects, approve budgets, receive management accounts, determine significant policy, deal with employment matters and any contractual issues.
Day-to-day activity of the church is managed by a Church Leadership Team acting within responsibilities delegated by the trustees. There is regular liaison between members of the team and trustees.
In early 2019, the Trustees undertook a strategic assessment of the church to inform what was required to move forward to deliver the new vision (which had been prepared by the leadership over the previous 12 months), This assessment also took place in the context of the need to take action to address the financial deficit in the budget. As a result, the Trustees took the decision to review the senior leadership structure and advertised the position of Senior Pastor. After interview Tim Chilvers was appointed to this position to commence in post on 1 September 2019. His role will include reviewing staffing and to propose changes necessary to deliver the vision of the church, within the available budget determined from regular income.
The Trustees are supported by a Finance and Resources Team, which includes two trustees, the Operations Manager and other long-standing members of the church with appropriate experience and expertise. This team, acting within delegated responsibilities, prepares and reviews budgets, considers proposals for expenditure, and makes recommendations to the Church Leadership Team and Trustees.
The majority of the work of Riverside Church Trust is carried out by a large and willing body of volunteers who are engaged in every area of the ministry of the church, without whom most of the aims of Riverside Church could not be delivered as they are now. No appropriate value can be attributed to this contribution, which therefore is not included within the financial valuation of the Trust.
RISKMANAGEMENT
Each year the Finance & Resources team reviews our Risk Register which identifies the various risks to the church and considers the relative likelihoods of those risks occurring. Where risks have increased, appropriate remedial action is initiated.
We are Satisfied that we have systems in place to support giving, manage resources and hold an acceptable level of reserves.
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Riverside has in place a Safeguarding Policy covering all of our activities with children and young people and vulnerable adults. This policy has been developed and is reviewed in line with legal requirements and current practice. Staff and volunteers receive appropriate training and information and are subject to all necessary checks, e.g. via the Disclosure and Barring Service (DBS). The policy is reviewed annually by Trustees and updated as and when necessary.
When employment legislation changes, our employment policies are reviewed, the changes publicised to staff and the staff handbook regularly updated. Given the nature of Riverside as a Christian church, we have a Christian Ethos Statement in place.
As a Christian organisation, we aim to demonstrate the benefit we bring to our local and wider communities. Trustees have had due regard to guidance published by the Charity Commission on public benefit.
RELATIONSHIP TO OTHER ORGANISATIONS
The church is a member of the Evangelical Alliance, and has working relationships with local churches in Moseley, Kings Heath, Bournville and other parts of Birmingham and across the UK.
The church hires space for weekly services at Queensbridge School, Moseley and Dame Elizabeth Cadbury School, Bournville.
We run a weekly youth club in conjunction with Church of the Ascension, Stirchley.
The church supports a number of people working overseas, through prayer, financial and logistical support. This Is often facilitated through regular funding to those people through the organisations who support them. Closer to home we provide support and supervision for two cross-cultural community workers employed by Interserve.
OBJECTIVES AND ACTIVITIES | 2
no
Riverside Church Trust is an independent Christian church.
The objects of the Riverside Church Trust as defined in the Memorandum and Articles of Association are, in the United Kingdom and overseas:
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e To advance the Christian faith;
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« To demonstrate the Gospel of Jesus Christ by the relief of persons who are in conditions of need, hardship or distress or who are aged or sick;
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« To demonstrate the Gospel of Jesus Christ by the advancement of education including (without limitation) promoting and staging artistic activities such as performances of music, drama and/or dance;
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e To provide leisure, recreational and other community facilities with the object of improving the conditions of life for those living in the communities for which such facilities are provided, thereby demonstrating Christian concern for the welfare of the whole person; and
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- e The promotion of such other charitable objects as the Board shall from time to time determine.
These objectives do not change, but the strategies and goals agreed may change.
Our aim Is to always hold to our mission statement:
“We long to be a church that reflects and transforms Birmingham because people belong to thriving communities in which they get to know Jesus.”
In tine with this mission statement, we are committed to enabling as many people as possible to worship at our services, belong to our fellowship, develop their spirituality and express their faith through service to others, particularly those in need. in particular, we try to
enable ordinary people to live out their faith as part of our fellowship through:
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e Worship - helping people focus on God and put Jesus at the centre of their life.
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e Fellowship - helping to bring people into meaningful relationships with other Christians at Riverside and elsewhere for mutual encouragement, support, and prayer and to serve one another.
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e Discipleship - helping people discover, grow and strengthen their faith in Christ by learning the truth of God's word and applying Biblical principles to their lives.
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e Ministry - helping people find and develop talents and gifts and to use them in serving, in a significant way, other people in the church and people outside the church.
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e Evangelism - helping people fulfil their mission of reaching their friends, family, colleagues, networks and communities for Christ.
ACHIEVEMENTS AND PERFORMANCE
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in line with our objectives and mission statement, we have undertaken a broad range of activities throughout the period.
WORSHIP AND PRAYER
From March 2020 onwards, with the restrictions of COVID-19 we have had to become adaptable in responding to the challenges of how we continue to facilitate corporate Worship and Prayer. As such, we have needed to record sung worship for our Sunday gatherings. We have been fortunate that our Worship Director Ben Pearson has a home recording studio and has been able to produce work from there. We have also recognised the need for a central space at Riverside House where we had already hoped to have been able to invite other members of our brilliant team to contribute in a safe and socially distanced way. For this we are investing in re-purposing the Worship Studio at Riverside House and properly acoustically treating the space, in preparation for when this Is possible. This space has already proved useful in filming for other aspects of our online worship gatherings. Although there are clear limitations in how we have had to adapt to facilitating worship, it has given birth to a deeper
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level of creativity and expression. Originally written songs and visually inspiring media that have connected and resonated with our church community during this unprecedented time, continue to facilitate times of meaningful encounter even though we are apart.
Having started 2020 with 3 days of prayer and fasting, with many words of encouragement for the new season ahead, we never could have imagined what has unfolded but have known God at work in incredible ways. With COVID restrictions we have had to rethink how we facilitate corporate prayer. Alongside offering prayer ministry through an email and call-back opportunity as a part of our online services, we have also introduced weekly prayer updates every Wednesday where we've encouraged the whole church to unite at 8pm in prayer. During this time we've also held 24-7 prayer sessions and times of gathered corporate prayer using ZOOM.
FELLOWSHIP
Staying close and supporting one another has become more vital during the pandemic, even as it presented new challenges. Community Groups and smaller Life Groups have organized to keep in touch with one another via phone, online meetings and chat. Two new life groups and several prayer triplets formed during the year.
Church leaders carried out pastoral check-ins by phone or walking across the church from March 2020 onwards. Since March, pastoral support has malnly moved online, with 12 phone chaplains now doinga vita! job supporting those who need extra help. The training for this was provided through Karis neighbourhood scheme, where there is a specialism in community chaplaincy.
We delivered two Belonging to Riverside gatherings for new members as part of Sunday services and welcomed over twenty people to the church family. All were offered and took part In the Strengthsfinder exercise. Baptisms have been postponed for the time-being but we look forward to rescheduling them as soon as we legally can. All those wanting to be baptised shared brief testimonies at the online service on Easter Day.
Building on last year’s bereavement training, during this year we launched a vision to become a bereavement friendly church. This means we are a safe church for grieving people to be signposted to when they deal with funeral directors and need additional support and means we are committed to running the Bereavement Journey course (Ataloss.org) regularly for the bereaved in our community. This is a wonderful course with an optional final week to consider faith in Jesus.
Children and families work has flourished this year in spite of the pandemic. Melody and her team have led countless Zoom calls, made videos and carried out doorstep drop-offs and packages for so many families and children. We have had wonderful feedback and some children have said their faith is stronger because of lockdown and the care and teaching they have received. We have been thrilled to see new families join us and our online services encourage the children to contribute and lead us In prayer and worship too.
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Our youth department has seen some big changes this year as we said goodbye to not one but two incredible youth leaders, Andy King and Martin Woodruff. Andy is now training as a primary school teacher and Martin has joined the West Midlands police as a trainee. We are so grateful for their many years of inspiration and leadership. With John Goodliff now employed as Head of Youth, our young people have been contributing to services, and meeting online and in person when allowed. We are encouraged by the way that the older ones have started to lead the younger ones in Roc Solid. Youth Zone continues to be a wonderfully outward-facing group and there is now a great discipleship group for 15-18 yearolds. John is committed to developing a robust inspiring team as we move forwards and prepare for live meeting again soon. As part of this, the youth team has received mental health first aid training to better support our young people.
DISCIPLESHIP
As with everything, COVID-19 has meant that we have had to rethink the ways we support discipleship, Every year, we consistently aim to help grow disciples through the integration between its Sunday services and midweek groups. This year, alongside other resources we have created an online blog to provide integration between the Sunday teaching programme and the midweek groups. This blog contains questions and resources to promote discussion and reflection beyond Sundays. Everyone within Riverside, and outside, is therefore able to engage in more depth about the specific themes, both on their own and with others, These have been well received, and we will continue to do this. We have actively encouraged people to gather in groups - online and in person when the guidelines permit it - as the primary way to support each other during these challenging months.
We have also provided a daily video reflection for every Psalm (150 Psalms) on YouTube to promote discipleship. This has been well received, with good engagement.
Unfortunately, due to COVID-19 we have postponed the launch of Riverside Academy (it was due to start in Autumn 2020). Plans are now in place to launch the scheme in Autumn 2021. This will enable people to spend 9 months growing in their faith and developing their gifts and skills as part of a gap-year with Riverside. The hope is that, in time, a good number of participants will join the programme to create a thriving development and discipleship track.
MINISTRY
Our site pastors and leaders help find a place of service for as many of the congregation as possible, in line with our values and to help people excel in the gifts that they have.
A number of missional teams run each week, focused on particular project areas or services which benefit the local community. At the advent of lockdown in March, teams faced different scenarios depending on their shape.
Riverside Performing Arts (RPA) faced the wholesale cancellation or delay of performances into local schools. A core component of work and content creation was done to move resources on-line and to provide a feed of activities through our Facebook channels. Staff were furloughed with the aim of a return in September for performance and delivery.
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Riverside Money Advice (RMA) provides free face-to-face money advice and help to people who want to get their finances under control, or to escape debt or poverty. Incoming calls to the service evaporated in the first months of lockdown, enabling some restructuring of systems to prepare for increased demand, and the service re-invented their delivery to take advantage of space in our church offices which became available. They re-opened in the middleofJuly being able to offer up to 5 concurrent appointments and were at full capacity every Wednesday from that point onwards. As an essential support service for our community, they have remained open and bounced back in the new shape of provision to become as busy as they had been before lockdown, and with additional services of foodbank support.
REAL Riverside Football Club were unable to play during lockdown, but transitioned to a new team, focused more geographically in the area that we serve through the church.
Stay and Play at Riverside House saw many new parents and children connect with our weekly group, but had to pause as the March lockdown began. Melody Pearson (our Children and Families Pastor) moved content provision online and has continued throughout the year to provide online and mailed-out resources for families.
EVANGELISM
This year, as with every year, we have run Alpha Courses - open discussion groups run to make Christian faith accessible to those Interested. These have been both in person (before the Coronavirus pandemic), and digital.
Up until lockdown in March 2020, our services at Queensbridge School, Dame Elizabeth Cadbury School, and Riverside House, included a series called ‘Everyday you’ (putting faith into practice in everyday lives); ‘Could it be Hope’ (our aim to bring hope to the city); and ‘Again’ (from the book of Acts as we aim to live out the same faith as the earliest Christians). We have also held “Generations” Services for all ages; Baptismal services, and Christmas services, At each we have presented the gospel! clearly and accessibly for those new to the Christian message. At Christmas alongside the special Carol services, we provided a number of other activities ~ including a Nativity Experience at Selly Manor.
Since Lockdown, our services have moved online. We have launched a Riverside YouTube channel, on which our Sunday services have been livestreamed since 22 March. This has enabled us to impact a much wider group of people than previously and has led to people responding to the Christian message, as well being able to share the gospel with their friends. Throughout the Coronavirus pandemic, we have therefore been able to connect with thousands of people in new ways. Our website and YouTube channel provides regular content, including services, songs, talks, weekly podcasts and an Explore Faith Section.
We continue to support the student Christian population and their campus evangelism through the University Christian Unions.
We have continued to support long-term missionaries abroad and to promote and support short-term mission projects in Britain and around the world.
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Page 11 of 30
STAFF
This year we restructured our staff provision to help us rebalance our expenditure with expected income. .
Relations with our employees are good. This year, our staff handbook was updated with Human Resource guidance and policies.
RIVERSIDE HOUSE
Riverside House, located at 21 Alcester Road, Birmingham, provides office and meeting space for all staff and many of our volunteers as well as hosting numerous events and activities. A large hall caters for services, meetings and social functions of up to around 150 people. A number of smaller rooms also host activities. As well as hosting church activities, Riverside House hosts events organised by outside bodies as well as private social functions, contributing to our aim of serving the local community.
PLANS FOR THE FUTURE
Tim Chilvers has worked closely with Trustees to restructure our staffing and resource provision across the church. This has identified the need for a new Head of Youth (with John Goodliff in line to provide temporary cover), and a new full-time Operations Director, to replace our existing part-time provision, Recruitment will commence in January 2021 for an appointment by Easter.
Our service shape remains under constant review during the pandemic, with a growing certainty that a number of activities present before lockdown may not return, and with a different mixture of ministry after restrictions ease.
FINANCIAL REVIEW
oe
:
|
Regular income has remained steady, despite the wider economic conditions. We are determined to ensure that we operate sustainably where our regular expenditure is covered by regular giving and appropriate set-asides. Our staff restructuring this year has put us on a trajectory to be able to achieve this, and new measures are in place to ensure that the total expenditure on staffing remains within 60% of our income.
FIXED ASSETS
A policy is in place for the capitalization and depreciation of assets, the rates for which are shown in note 1(f). Items purchased during the financial period priced over £500 are added to the asset register at the appropriate rate.
We update our insurance policy annually.
DESIGNATED FUNDS
Designated funds are in place for all community teams and projects running on behalf of Riverside and delivered through our teams of volunteers. This designation enables us to
Page 12 of 30
Version: 11/05/2021
.
7
ensure that funds being raised through work in the community remains focused on the activities generating it, and to defer any unspent income for subsequent financial years.
RESTRICTED FUNDS
Our new on-line accounts software, ExpensePlus, has proved extremely fortuitous as our accounts staff have not been working within the office, and been able to continue our accounts provision without interruption.
We hold restricted funds as follows:
-
e Riverside Performing Arts - funds are raised through invoices to schools, grants, and donations to the overall work and for the support of staff working within the team.
-
e Word of Hands - donations for the services and ministry to those using BSL. e Riverside Money Advice - funds are received through donations and grants. e Pineapple Youth Project.
-
e Other Restricted funds - donated to us with instructions to be paid out to third parties who are engaged in the wider ministries of the church, are passed on either monthly or quarterly. We ensure that we only pass on funds to receiving individuals or organisations with whom we have an ongoing and accountable relationship.
RESERVES POLICY
Our policy is to hold cash reserve necessary to cover running costs for three months in the event of a major variation of circumstances, Reserves are monitored quarterly as part of our management reporting, and policies are In place for ensuring appropriate action if reserves deviate substantially.
Balances of restricted funds are not able to be considered as part of our cash reserve for the above. Funds that are designated for particular projects are also excluded from our available cash reserves.
Our designated funds comprise:
Asset replacement, building investment and repairs, for which we set aside 4% of our general fund income each month.
We have always committed to and insisted upon giving 10% of our income away to others, in the wider pursuit of our charitable objectives. This year, we changed our implementation to calculate and administrate this on a monthly basis to remove the effect of any “spiking” at the close of a financial year. A designated fund holds the current balance, and our leadership oversee its distribution - half as discretionary gifts to individuals, cross-cultural work within Birmingham, and UK mission. The other half goes to support missionary work across the world.
A strategic fund is held following a one-off generous donation from a previous year, to cover costs involved in restructuring or particular projects that would not be possible from regular funds.
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Page 13 of 30
Six missional teams exist, comprising of lay individuals working together to serve the general public around a particular theme - such as our Gardening Club, Stay & Play, and Real Riverside Football Club. Their funds are designated for their use.
FUNDING SOURCES
Riverside’s main funding source is through the kind donations of Riverside members who are part of our congregation, through standing order and direct debits and through our weekly offering within our services.
We continue to apply for grants to fund particular projects or initiatives and have been successful in securing such funds for Riverside Performing Arts and Riverside Money Advice. Where grant funds are unrestricted and expended, these are accounted for as part of our general fund.
GOING CONCERN
As stated in note 1(O), the Trustees have considered the effect of the Covid-19 outbreak. The Trustees consider that the outbreak is likely to cause a significant disruption to the Charity’s business. However, the Trustees are confident that the Charity can continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operation for the foreseeable future.
----- Start of picture text -----
Approved by the Trustees on 1h LA see 2021
And signed on its behalf Riverside House
AQ Barker . 21 Alcester Road
Moseley
Name. A BAR ER. Trustees / Birmingham
A. h f Directors B13 8AR
Name: A WOT KINGTON
----- End of picture text -----
Page 14 of 30
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| report to the charity trustees on my examination of the accounts of the company for the year ended 31st August 2020 which are set out on pages 2 to 30.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 act. | confirm that | am qualified to undertake the examination because | am a member of Chartered Certified Accountants, which is one of the listed bodies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
e Accounting records were not kept in respect of the company as required by section 386 of the 2006 act; or
-
e The accounts do not accord with those records; or e The accounts do not comply with the accounting requirements of section 396 of the 2006 act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
-
e The accounts have not been prepared in accordance with the methods and principles of the statement of recommended practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102)].
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Page 15 of 30
| have no concerns and have come across no other maiters in connection with the examination to which attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached.
Neill Currie F.C.A. For and on behalf of Jerroms Lumaneri House Chartered vgs Blythe Gate Certified Accountants Blythe Valley Park Solihull B90 8AH
Date
Page 16 of 30
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RIVERSIO€E
.
For the year ended 31 August 2020
|dod.
Income andendowments
| {Income
from generated
funds
|
{|
|Donations
and legacies
|
| |Other trading activities
[Income
from investments
lincome from charitable activities
|
|
[Direct Ministries
{|
|CommunityTeams
[Otherincome
|
|
|Grants Receivable
|Total income andendowments|[Notes
|
|
2
|
oo
|
|
od
12
|||Unrestricted |Restricted
|
|2019/20 |2018/19
—
do
|
|
fo
|
|
|
rr
re
718,1457
97,026}
| 816,171| 852,340
|
-|
rn
-
if
3,313}
==
=|
| 3,843]
2,681
}
|
;
i
| 4
-
y
46,762;
||
48,762|
9,699
2,7587
18,840
|
21,698|
83,236
|.
|
Poo
-
11,438
11,438|
20,838
770,977| 127,304)
|898,281| 968,694||Unrestricted |Restricted
|
|2019/20 |2018/19
—
do
|
|
fo
|
|
|
rr
re
718,1457
97,026}
| 816,171| 852,340
|
-|
rn
-
if
3,313}
==
=|
| 3,843]
2,681
}
|
;
i
| 4
-
y
46,762;
||
48,762|
9,699
_
2,7587
18,840
|
21,698|
83,236
|.
|
Poo
-
11,438
11,438|
20,838
770,977| 127,304)
|898,281| 968,694|
|---|---|---|---|
|Expenditure on
|. [Charitable activities
| |Governance Costs
|Total ResourcesExpended—||
|.
|
8
3||
|
||
fC
627,379) 145,479),
772,858)
|(858,657)
:
-
-
|(—627,379)[(
145,479)
|(772,858)|( 858,657)||
|Net income/(expenditurey|[||
143,598|(
18,175)!
|
126,424|
110,037||
|Transfers between funds
ne(outgoing)/incomingresources|ft
aa||
-|
|
-
-
143,598|(_18,175)[__
| 125,424]
110,037||
||Fundbalancescarriedforwards|—.
|||
4,042,085]
82,719}
|1,084,766]960,331||
Movements on reserves and all recognised gains and losses are shown above.
The notes on pages 13 to 30 form part of these accounts.
Version: 11/05/2021
Page 17 of 30
----- Start of picture text -----
foo . oo |Notes | 2019/20 | | | ;2018/19 |
FIXED ASSETS ee e ee tb |
|Tangible Assets i 6. | 497,914] | | | [|] [523,202!]
\CURRENT ASSETS ee ed i eee!
‘Debtors 7h 23,1641 | i | 14,988) | |
‘Cash atCURRENTeebankLIABILITIESand in hand | od,7| §90613 , 356517 | | :|| Ld.| 605590 ,2 88}76] be | sss!
Creditors
- falling due withinone year 8 16,676) | i [¢ 189,147)) | |
INET CURRENTASSETS | i 596,841] | | | 446,129.
| t i H |
| Total assets less current liabilites_ is | | 1,094,755 | c 969,331
Creditors
- falling due afterone year i 8 Sea | - — |
NET
|_— aesASSETS+ - oe- ||: '| | | 1,094,755- | - + 969,331;
| Unrestricted ae ion boo | am
|General oo. PF 694344] ) | | 881,574) |
Designated = a Tr azoeat| | | 26863,
|‘Restrictedee aoe. bod,- 10/11) ||"| 1,012,035,82,720] | || IH|__868,437100,894
| ae oo food | | 1,094,755] | | £969,331;
These financial statements have been prepared in accordance with the provisions applicable
to companies subject to the small companies regime.
The company was entitled to exemption from audit under section 477 of the Companies Act
2006 relating to small companies.
Trustees responsibilities:
The members have not required the company to obtain an audit of its accounts for
the year in question in accordance with section 476;
e The trustees acknowledge their responsibilities for complying with the requirements
of the Act with respect to accounting records and the preparation of accounts.
Approved by the Trustees on _?.4 Tho AQ? 2620 and signed on its behalf.
Riverside Church Trust
Company No: 4479264
RYaorte .
Name: A RARER Trustees/Directors
----- End of picture text -----*
Name: A- Wott hiNa@oy
Page 18 of 30
Version: 11/05/2021
- ACCOUNTING POLICIES
(A) ACCOUNTING CONVENTION
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
-
e the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued October 2019.
-
e the Financial Reporting Standard applicable in the United Kingdom and Republic of lreland (FRS 102)
-
e the Charities Act 2011
-
e the Companies Act 2006.
The charity has applied Update Bulletin 1 as published on 2 February 2016.
No amount is included in the financial statements for volunteer time In line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Riverside Church Trust meets the definition of a public benefit entity under FRS 102.
(B) INCOME
Income from tax reclaims are included in the SOFA at time of recelpt. All gifts and donations are accounted for on a receivable basis.
Grants are recognised in the statement of financial activities, when there is reasonable assurance that:
i) the charity will comply with the conditions attaching to them; and ii) the grants will be received
Gifts received in kind are valued by the trustees at their approximate market value and Included within income and expenditure.
(C) RESOURCES EXPENDED
Expenditure is allocated to the particular activity where the cost directly relates, Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
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Page 19 of 30
Administration and office overheads and other related expenses are apportioned between direct charitable activities, For each direct activity, its total of “Staff Costs” and “Direct Costs” as a percentage of the total resources expended is used for its share of apportioned costs.
(D) UNRESTRICTED FUNDS
These funds are available as general funds of the charity, which the Trustees are free to use in accordance with the charitable objects.
(E) RESTRICTED FUNDS
These funds are to be used to specific purposes as laid down by the donor.
(F) FIXED ASSETS
Fixed assets are shown at cost. Items of a capital nature and costing in excess of £500 are capitalised. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life as follows:
Land 0% per annum Freehold property 2% per annum Furniture and Equipment 20% per annum Office Equipment, Audio Visual equipment 25% per annum Vehicles 25% per annum
~ (G) PENSIONS The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the financial statements in the period they are payable.
(H) FINANCE AND OPERATING LEASES
Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance lease are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written-off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.
(I) IMPAIRMENT OF FIXED ASSETS
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those suffering an impairment loss, _ If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
(J) CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash in hand and deposits held at call with banks,
Page 20 of 30
Version: 11/05/2021
(K)
FINANCIAL INSTRUMENTS
The charity has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
(L) BASIC FINANCIAL ASSETS
Basic financlal assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective Interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
(M) BASIC FINANCIAL LIABILITIES
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
(N) EMPLOYEE BENEFITS
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Each term we check that employees are on track in booking annual leave, and consider that this is adequate to ensure that no adjustment at year-end is required for our small number of employees.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to the employment of an employee or to provide termination benefits.
(0) POST BALANCE SHEET EVENTS
The financial and community integrity of the church has remained strong during the pandemic. As a result, our year-end results have proved to be much better than originally forecast. The restructuring of staff and switch to digital services has meant that we have weathered the storm despite the lengthening of the duration of the pandemic from Summer 2020 through to Summer 2021. Our budgeting for the 2021-2022 financial year will however take account of the long-term changes.
Version: 11/05/2021
Page 21 of 30
2 ANALYSIS OF INCOME
----- Start of picture text -----
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Donations and|legacies||||Unrestricted||Restricted|[Total|-|||
||||||Funds||Funds|| 2019/20||2018/19|
|Lo|le|E|i|oa|
||Donations|!|fe|617125/£|81,334];|£|698,459\£|666,148|||
|‘HMRC|Gift Aid|Rebate|£|101,020"£|15,691}£|116,712|/£|186,192|||
|||||£|718,145|£|97,026/£|815,171||£|852,340|
|iGrants|Receivable|i|||Unrestricted|||Restricted|||Total|||||
|||nes..|||Funds|{2019/20||2018/19|||
|‘Alfred‘AwardsHaines|Charitable Trust|||||os|500||
|for All||||2838|9,938 ||9,836 ||
|||GranthamGarfield|Weston|Foundation|||||-|)|- -|||||||,||5,000|||
|[The|Maydwell YorkeTrust Trust|||||||ee_|“|-||5,05|0|00|||
|‘Christian|
||.|Arts Trust|!|-|11,438)500|11,438|500|||20,838|2|
----- End of picture text -----
Page 22 of 30
Version: 11/05/2021
3 ANALYSIS OF EXPENDITURE ace
----- Start of picture text -----
Apportioned
Direct Staff Costs |Costs
General [Funds] [|] | | £ iE fe * feTotal =| fe.Total
Children fF 3,272 19,654| 13,830, 36,786| 40,732
Community
Evangelism & Youth outreach || f[ 9,786,1,069] 43,10126,025 | 3116 , 904,345] | 4384 , 439790 | 4285 ,34 80
Facilities 8 8 | f 44936 = 7,275| —29,686f 78,897) 71,531
SundayPastoralServices || f[ 29,885!12,923; 44,27893,801;| + 34,507| —-74,613| 1 9 81 , 7029 9 |] 21 0 75 , 168754
Worship | f 3,627; 21,488 | 15,151) 40,266] 37,520
Youth | 2,236, 41,413| —-26,331| 69,981| 69,087
Academy | AC 20,46)" 5,846
— — fac) = | at 4,797
Community [Teams] | ( 14616))
Giving to Others * ( 6,543)| ot | ( 6,543))( 15,445)
| RestrictedGifts being Fundspassed on 7 | a —f| oe22131) | ; | ;22,131|e 23,482-
Performing
Pineapple YouAr t hs Project | _ _ (18,699)f 2,236! 90,654] | 74,988)2,236] | 11 3, 752834
WordofHands
Other Projects ; = || f 8086}769) 1,227 | 19,314]769 37,983651
Co |_| 104,887/ 425,605 242,365] 772,858) 858,657
Apportioned | . [ 193,777| ee ee ee
| Staff Costs from Payroll - "Admin" - ; 48,588 a | oo | a
es 2,65} ff
----- End of picture text -----*
- Including “Apportioned costs” consisting of administration, office overheads, support costs, direct and indirect staff costs, and sundry expenses.
** We designate 10% of all income as funds to be given away. £61,892 was allocated in this way this year, against £77,479 given out, resulting in a net expenditure of £15,588 shown in the accounts:
Designated Fund: Giving to Others (6,543) Restricted Fund: Gifts passed on 22,131 Total 15,588
The table below analyses giving by category.
Version: 11/05/2021
Page 23 of 30
(Ca
|‘Analysis
ofGivingtoOthers
|
|
|||2019/20
|
2018/19
|
Total
|
Total
||
|---|---|---|
||Individuals in the UK
a
|
ElkeHanssman
!a1,764|ee|
)
|
[Graham&Caroline Wilkes = |
5,000)
|
||||
|Mike and Rachel Hill
3,528
[Smithers
|
6,000|
_ [Discretionary Gifts{under €500),_6.598|||
|
30108 |
12,605]|
|Individuals -International
|
|
[Band E Allen
;
|
12,915|||
7|
||
|
Organizations
inthe
UK
|
lInterserve
9,375
|
eneTrust
sid
8,887
—
(BGEA
32
| te(for thesupport
of JBlow,1,764|
Agape(forthe supportofPDunc
1,764 |
|FirstClassFoundation
|
1,500||fo
|
-
|
.
|
.
po
|
||
||
[SaltmineTrust—}
1,500
jAgape (forthesupportofHOun¢
1,416||,|| ee
.
Oo
,|
|Fusion
-
300
|
|PremierChristianRadio_
||International Organizations
|
||BandDWilson
3,528
|||J
23,558 |
sonae
|
_
3,528,
5,292|
|||
ee||77,479|
101,294|
Page 24 of 30
Version: 11/05/2021
REVERSIDE
'
4 STAFF COSTS
wee
|
----- Start of picture text -----
:
----- End of picture text -----
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|i|||||209/20|i|||2018/19|
|||||||ee|ee|ee|ee:|
|Wages and salaries|||.|||432,334)|||396,105|
|SocialPension security costs||si||||32,88719,906|||oo|||31,64621,670|
|||485,127|449,421|
|The|company operates operates|a|defined|contribution|pension|scheme.|The|assets|of the the|scheme|
|held|separately from from|those|of the the|company|in|an|independently administered administered|fund.|The|
|pension|cost|charge|represents|contributions|paid|by the company to the company to company to to|the|fund.|
|No|employee|earned|more|than|£60,000|per annum.|
|Average|number|of employees|(calculated|on|an|average|full|time|equivalent|basis)|
|| Direct charitable work|4|tsi|
|‘administration|||7|1|
----- End of picture text -----
The company operates operates a defined contribution pension scheme. The assets of the the scheme are held separately from from those of the the company in an independently administered administered fund. The pension cost charge represents contributions paid by the company to the company to company to to the fund.
5 TRUSTEES REMUNERATION AND EXPENSES
|
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
||Number of trustees who|were|paid|expenses|1|None|
|Nature|of|[the][ expenses:]|
|| Total amount paid|gift for|retiring||Trustee|£|41|£None|-|||
----- End of picture text -----
No remuneration was paid or payable for the year to any trustees for their role. See note 14 for related party transactions.
Version: 11/05/2021
Page 25 of 30
|
RIVERSIDE
2
6 TANGIBLEFIXEDASSETS __
||
re
|Office
and|
Freehold
: Furniture&
|AudioVisual|
|
Property
Minibus
{Equipment
|Equipment
Total
|£
if
£
([f
if
“COST
4
|
|
|
!||
re
|Office
and|
Freehold
: Furniture&
|AudioVisual|
|
Property
Minibus
{Equipment
|Equipment
Total
|£
if
£
([f
if
“COST
4
|
|
|
!||
re
|Office
and|
Freehold
: Furniture&
|AudioVisual|
|
Property
Minibus
{Equipment
|Equipment
Total
|£
if
£
([f
if
“COST
4
|
|
|
!||
re
|Office
and|
Freehold
: Furniture&
|AudioVisual|
|
Property
Minibus
{Equipment
|Equipment
Total
|£
if
£
([f
if
“COST
4
|
|
|
!||
re
|Office
and|
Freehold
: Furniture&
|AudioVisual|
|
Property
Minibus
{Equipment
|Equipment
Total
|£
if
£
([f
if
“COST
4
|
|
|
!|
|---|---|---|---|---|
|||At31 August2019
|
773,522)|35,280!|95,791||— 94,301|
998,894|
|||Disposals
-|(—|18,000);|-|(
1,236)|(
19,236)||
|||At 31 August 2019
|
775,821||17,280;|95,791|99,248|
988,140|
||
'
;
|DEPRECIATION
P|
|At31August2019_
| 289,109
Chargefortheyear| —s13,516|
Eliminatedondisposal
(
| At31 August 2019
| —«302,625;
|
7
|
|NETBOOK VALUES
_
||||
26,640;
~—S4,320|
_18,000)|
~—12,960|
|
|||
77,713
6549|
84,262
||.
-
fo
-82,230|
475,692
9,385| 33,770
(
1,236)i( __19,236)
90,379{
490,226
|
||
||
||At31August2019
|| 484,413]
At31August2020 |
473,196||8,640)
4320;|18,078
11,529|12,074
923,202
8,869;
497,914|
Included within the freehold property cost is £100,000 relating to freehold land, which is not depreciated.
----- Start of picture text -----
7 DEBTORS :
| | }2019/20 2018/19 |
| le |
Propayments | 7 13,285 5,800!
[OtherHMRCdebtors GiftAid || [ 1,421|8,456: 7,3621,836||
. | | 23,161| 14,988
----- End of picture text -----
:
----- Start of picture text -----
a
----- End of picture text -----
Page 26 of 30
Version: 11/05/2021
8 CREDITORS: : AMOUNTS FALLING DUE WITHIN ONE YEAR
:
|I
.
|PayrollLiabilities-
HMRCPAYE=
‘Accounts Payable|Ile
=
}| 6,500]
I
2,722||IE
| 5,233]
5,015||
|---|---|---|
||Business Charge Card
_
[Governance
Accruals
DeferredIncome
fo.|ee
-
.
|.
4:440|
| — 3,900
fo
|
|
BG
3,015
| ee
||
16 676
159,147||
||Amounts fallingdueingreater‘thanoneyear
i
-||4|
Aggregate amount of secured liabilities ENone (2019 ENone)
:
9 OBLIGATIONS AND COMMITMENTS
CAPITAL COMMITMENTS
Contracted for but not provided: 31 August 2020 £None, (31 August 2019 £None)
Version: 11/05/2021
Page 27 of 30
ce
|Table1_|Cash flow statement
ee
|
;
oo|ee
|
:
;2019/20
|2018/19
-|
|---|---|
|:Cashgeneratedfromoperatingactlvitles;
‘Netcoshprovided
by (usedIn}operatingactivities
‘Cash flowsfrom othersources:
oo|ee
er
i
5,237, 203,387) Table2;
|!|
|'Proceedsfromthe saleof property, plantand equipment|i
-,
-||
|:
: too
:
ne
8,649,
295,988!
_!Application of cash:
ne
|
|
po
‘Purchase ofproperty, plantandequipment
r
8,482)!( 32,812);
,;
| ‘Purchase
ofinvestments
ee
-|
-!
‘Repaymentsofborrowing
,
|
+
Se
|
iC
8,482)'(
32,812),
|
|
|
[Natincrease/(decrease)incasms
|87) 263,156)
i _
|Cash atbank and inhandlessoverdraftsatthebeginning
oftheyear
90,288!
327,132, Table 3
________ ashatbank
andInhandlessoverdraftsatendyear
| 690,365] 590,288)||
|iTable 2 - |Reconclllation ofnet Income/(expenditure}to netcash flow fromoperating actlvitles
rs
Oe|an
|
:
|zo19/20.
|2018/9 |}|
||Netincome/(expenditure)(asperthestatementoffinancial activities)
Adjustments for:
vo
i
Z __|oe rectationcharges
oe
[interestfromInvestments
-Loss/(profit)
on the saleoffixedassets
ee
|(increase)/decrease Indebtors
Be
i
|Increase/(decrease) increditors
'Netcashprovidedby(usedin)operatingactlvities
|
‘Table3. [Analysis ofcashatbank and Inhandlessoverdrafts
Co|r
125,424 (
5203)!
|
| |
r
33,770, 35,996:ae
(
3,313) (
2,581)!
|
ee
87a)/
20,522)
(142,474) (_15,588)
}
{
5,237; 293,387)a
|
|
| 7
ae
'2019/20
(2018/19
|
—sé||
|:
|Cashat bank and Inhand atthebeginning
of the year oe
F
OverdraftsIncluded in bank loans andoverdraftsfalllngduewithinoneyear
|
oo
So|690,288] 327,132;
\
-|
-|
|
690,288,
327,132 si|
Page 28 of 30
Version: 11/05/2021
11,12 UNRESTRICTED AND RESTRICTED FUNDS, AND FUND MOVEMENTS |
----- Start of picture text -----
At 31 August2019 |Movementsin funds|At 31 August 2020
General Funds | | 681,574) S771] 891,346
Designated Funds | 286,863 133,828 420,691
| . | 868,437 143,598| 1,012,035
Restricted Funds | ‘nest August 2019 'Movementsinfunds|At3 August 2020
Pineapple Youth Project | | 3,504|(__ 7 220)| 8,284
Restricted Funds 8,898] ( _ 6276)| «2,622
Riverside Money Advice 24,379|( 4,211) 20,168
[RiversideWord PerformingArts |_| 43,317|(( ss 2,045), = 40,372
of Hands | 20,796| ( 4,523) 16,273
oe | 100,894! ( 18,175) 82,719
----- End of picture text -----
Version: 11/05/2021
Page 29 of 30
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fundbalancesat 31August2020arerepresentedby; 5 |
Fundbalancesat 31August2020arerepresentedby; 5 |
|||
|---|---|---|---|---|
; |
FixedAssets \Othernetassets |
|||
| ‘Liabilities == |
13,661)! 3,015) |
( |
14. RELATED PARTY TRANSACTIONS
ees
No related party transactions took place in the year.
15 TAXATION
| |
: |
The charity is exempt from corporation tax on its charitable activities.
16 LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.
17. CONTROL
:
3
There was no controlling party during the year.
Page 30 of 30
Version: 11/05/2021