11 I'l F R S l D For the year ended 31 August 2021 Rfverslde Churth Trust Charlty number. 1099487 Company number: 4479264 Trust Information.........................................................................................................,..................... Reference and Admlnlstratlve Inforniatlon................................................................................. Tru5tee51Dlrertors.......... Independent Examlner....................................................................,,,................................... ... Bankers........... . ...... ... Sollcltors.............,.....................................................................................................,.................. Report of the Trustees...................................................................................................................... Objectlves and Activlties................,............................................................................................... Strurture, Governance and Management............... ...... Governln8 Document................................................................................................................. Recrultment and Appointment of Trustees...................................................,,,,...................... Trustee Inductlon and Tralnlng...................................................... Organlsatlonal Structure ........................................................................................................... Rlsk Management... Relatlonshlp to other organlsations......................................................................................... How Our Actlvltles Dellver Public Benefft and Who Has Benefited........................................... Worship and prayer. ... Fellow5hlp and Pastoral Care.. Mlsslon................................................................................................................... Staff ..................................................................................................................... ....................... Rlverside House... ..................................................................................................... Nnanclal revlew..........,,,,,,,.,.,,......,....,,.......................................................................................... Reserves pollcy........................................................................................................................... 2021 Accounts Flnal May 2022.docx Verslon: 28110r2021 Pa8e 1 of 23 Fundln8 sources.............-........................................................................................................... Golns concern........................................................................................:.............-........,.,.......... Independent Examlnef5 Report to the trustees of thr51de Church Trust...............-..............10 Responslbllltles and basls of report..........................................................................-..........10 Independent examlMVs statement....................................................................................... Ststement of Flnanclal Actlvltle&.................................................................................................... Balance Sheet AS at 31 August 2021 .,..,............. Notes to the Flnandal Statements for the Year Ended 31 Au8USt 2021 .....................................13 1 Accountlng Pollcles...............................................................................................................13 (a) Accountlng conventlon .................................................................................................13 (bl Income............................................................................................................................13 (¢ Resources Expended...... .13 (dl Unrestrlcted Funds.......................................................................... .............................14 (e) Restrlrted Funds............................................................................................................14 (n Rxed Assets.............................................................................................. ........................14 Penslons.........................................................................................................................14 .12 (h) Hnance and operatln8 leases.. . . .. . . Impalrment of fixed assets........................................ . . (J) Cash and cash equlvalents.. ...... ... (k) Flnanclal Instruments............................................ (l) Baslc flnanclal as5ets................-......................................................................................15 (m) Baslc financlal Ilabllltle5............................................................... .15 (n) Employee beneflts................. (o) Post Balance Sheet Events.................................... 2 Analysls of Incorne.... 3 AnalJ51s of expendlture................................ . ...... 4 Staff Costs..............,....................,,.........................................................................................18 5 Trusteeg remuneratlon and expense5.......... .18 6 Tan8lble Hxed Assets................................................................-.........................................19 .19 .14 .14 .14 .15 .15 .15 .16 .16 Credltors: Arnounts falllng due wfthln one year.............................................................20 9 Obli8atlons and commltments..,,,,......................................................................................20 Capltal commitments............................................................. . ..20 10 Related party transactlons...............................................:...............................................20 Taxatlon.......................... ..20 Pa8• 2 01 23 12 Cash flow Statemert........................................................................ 13 Unrestrlrted and Restrlrted Fund& and Fund Movements...........................................22 .21 14 Analysis of net assets betsveen funds.............................................................................22 Legal status of the charlty................................................................................................22 16 Control. ..23 15 REFIRENCE AND ADMINISTRATIVE INFORMATION Charlty Name: Charlty Reglstrarlon Number. Company Reglstratlon Number. Rtverslde Church Trust 1099487 4479264 Re8lstered Office and operatlonal address: Rlverslde House 21 Alcester Road Moseley Blmlngham B138AR TRUSTEESIDIRECTORS AWorthln8ton- Chalr P Bonner A Barker L Priestley M Robert50n - Vlce Chalr J Tomllnson M Waldram INDEPENDENT EXAMINER 8ANKERS SOLICITORS N Currle F.CA Jerroms Lumanerl House Blythe Gate Blythe Valley Park Sollhull B90 8AH The cO￿perative Bank PLC PO Box 250, Delf House Southway Skelmersdale WN8 6wr Anthony Colllns Sollcttors LLP 134 Edmund Street Birmingham B3 2ES Pase 3 of 23 The Tru5tee5, who are also dirertors of the company for the purposes of Company Liw. present thelr report and accourrts for the year ended 31 August 2021. Thls report has been prepared In accordance the Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts In accordance wlth the Hnance Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 102) (effectlve 1 January 2015), and In accordance wlth the speclal provlslons for small companles under Part 15 of the Companles Act 2006. OJJICTIVIS AND ACTIVITIIS Rlverslde Church Trust Is an Independent Chrlstlan thurch. The objects of the Rlverslde Church Trust as defined In the Memorandum and Artkles of Assoclatlon are. In the Unlted Klngdom and o¥ersea& To advan￿ the Chrlstlan falth; To demonstrate the Gospel ofjesus Chrlst bythe rellef of personswho are In condltlo of need, hardshlp or dlstress or who are aged or SICK. To demonstrate the Gospel of Jesus Chrlst ty the advancemert of educatlon Includln8 (wlthout Ilmltatlon) promotlng and sta8ln8 artlstlc actlvltles such as performance5 of muslG drama andlor dance; To provlde lelsure, recr&atloTral arKI other communlty facllltles wlth the objert of ImPr¢￿Ing the condltlons of Ilfe for those Imng In the communltles for whlch such facllltles are provlded, thereby demonsrrattng Chrlstlan concern for the welfare of the whole person,. and The promotlon of such other charftable objects as the Board shall from tlme to tSme deterrnlne. These objertlves do not change, but the strawes and goals a8reed may change. Our alm15 to alway5 ho￿ to our mlsslon statement l• lon8 to be a churth that refiects and transfOrn￿ 8lrmln8ham becaum peopl• belon8 to thrlvlns communftl•s In whlch th•y srt to kn(M JesuL- In Ilne wlth thls mlsslon statemenL we are commltted to enabllng as many people as pos51ble to worshlp at our serVI￿S, belon8 to our fellow5hlp, develop thelr splrltualty and expres5 thelr falth throu8h servlce to others, partlcularly those In need. In partlcular, we try to enable ordlnary people to Ilve out thelr fath a5 part of our fellow5hlp through: Worshlp- helplng people focus on God and putjesus at the centre of thelr Ilfe. Fellowshlp - helplng to brlng people Into meanlngful relatlonshlps wlth other Chrtstlans at Rlverslde and elsewtrffe for mutual encouragement SUPPOrt and prayer and to serve one another. Pa8e 4 of 23 Dlsclpleshlp- helplng people dlscover. grow and strengthen their falth In Chrlst by learnlng the truth of God's word and applying 8lbllcal prlnclples trj thelr Ilves. Mlnlstry- helplng people flnd and develop talents and glfts and to use them In seNin& In a sl8nlficant way. other people in the church and people outside the church. Evangellsm - helplng people fulfil thelr mlsslon of reachln8 thelr frlends, famlly, collea8ues, networks and communities for Christ STRUCTURI. GOVlItNANCI AND MANAfjIMINT GOVERNING DOCUMENT The organ15atlon Is a charttable company limfted by guarantee, Incorporated on 5 July 2002, mer8ln8 tO8ether prevlous charltles Rlverslde Mlnlstrle5 Trust Icharty number 327647) and Rlverslde Fellowshlp Trust (charty number 1046841). The objets of Rlverside Church Trust are defined In the Memorandum and Artlcles of A550ciation and the Tnjstees ensure that the attivities of the church remaln in Ilne wlth these atall ￿ffles. RECRUITMENT AND APPOINTMENT OF TRUSTEES Trustees are appolnted from the membershlp of the church followlng nomlnatlon and InteNlew by members of the Board and the Senlor Pastor. All trustees serve as Dlrecto TRUSTEE INDUCTION AND TRAINING The Company Secretsry Is responsible for the briefing and tralnlng of trustees, drawlng on resources from the Tnjsys sollcltors, accountants and other relevant organisations such as the Chadty Commission and the Evangelical Alllance. We keep abreast of developments In charlty law and policy throu8h several charty bulletlns and semlnars available for trustees. Sl8nlflcant changes are worked through In detall. Trustees are provided wlth an Inductlon pack gfvlng an introduttlon to the legal requirement5 and responsibilities of trustees. and a comprehensive statement of the objects, values and beliets of the church. They are introduced to Che financial and management arrangements of Rlverside and supported In thelr role by the Chalr and other Trustee5. ORGANISATIONAL STRUCTURE The Board of Trustees meet regularly throughout the year to provide support to the leadership team and overseethe dirertion of the church in keeping wth the Objects. approve budgets, recelve management accouns and detemilne ￿gnIficant pollcy. Day-to-day artlvlty of the church Is managed by a Church Leadershlp Team arting wlthln re5ponslbllttie5 delegated by the Trustee5. There is regular liaison between members of the team and Tru5tee& Page 5 of 23 The Trustees are supported by a FInan￿ and Resourcu Commlttee. whlch Incl￿eS two Trustees, the Operatlons Dlrector and other lon8-Standlng members of the church wlth approprlate experlence and expertlse. Thls team, actlng wlthin delegated responslbllltles. revSews budgets, conslders proposals for expendltur¢ and makes recommendatlons to the Church Leadershlp Team and Truste The majorlty of the work of Rlverslde Churth Trust Is carrfed out by a large and wlllln8 boty of volunteers who are en8a8ed In every area of the mlnlstry of the churth, wltholrt whom most of the alms of Rlver51de Church could not be dellvered as they are now. No approprfate value can be attrlbuted to th15 corrtrlbutton, whlch therefore15 not Included wlthln the finandal valuatlon of the TrusL RISK MANAGEMENT We are satlsfied that we have systems In place to support 8lvln& mana8e resources and hold an acceptsble level of reserves. Trustees have estsbllshed 'Guardrall< whSch provlde earlywarnlng Df financlal expDsure. They comprlse mlnlmum cash balances, together wth Ilmlts on the proportlon of Income commltted on staff costs. We a150 monltor I￿￿5 of 8l%dn8 and other Sncome. Each year the Flnance & Resources Cornmlttee revlew5 our R15k Re8lster whlch Identlfies the varlous rlsks to the church and con51der5 the relatfve Ilkellhood5 of those rlsks occurrlng. Where rlsks have Increased, approprtats remedlal actlon Is Inltlated. Rlverslde has In place a Safe8uardlng Pollcy coverln8 all of ¢)ur artmtles wlth chlldren and young people and vulnerable adults. Thls pollcy has been developed and Is revlewed In Ilne wlth legal requlrements and current prartlce. Stsff and volunteers recelve appmpriate tralnlng and Informatlon and are subjert to all necessary checks. e4. vla the Dlsclosure and Barrlng Service (D85}. The pollcy Is rellewed annually by Trustees and updated as and when necessary. When employment leglslatlon thary, our employment polldes are wlewed, the changes publlclsed to staff and the staff handbrx)k regularly updated. Glven the nattire of Rlverslde as a Chrlstlan church, we have a Chrl#kn Ethos Statement In pla￿. As a Chrlstlan organlsatlon. we alm to demonstrate the benefit we brlng to our local and wlder communttles. Trustees have had due re8ard to 8uldance publlshed by the Charlty Comm1551on on publlc benefit. RELATION8HIP TQ OTHER ORGANISATIONS The churth Is a member of the Evangellcal Alllance. and has worklng relatlonshlps wlth local hurches In Moseley, Klngs Heath, Bournvllle and other parts of Blrmln8harn and acro55 the UL We run a weekly youth club In conjunctlon wlth Churth of the Ascenslon, Stlrchlty. The church supports a number of people workfn8 overseas. thrDU8h prayer, financlal and loglstlcal support. ThSs Is often"facllitated through regular fundlns to those people through the organlsatlon5 sUPPOrt them. Closer to home we provtde support and supervlslon for two cross-cultural communlty ￿￿)rkerS employed by Interserve. Pw6of23 HOW OUR ACTIVITIES DELIVIR PUBLIC Ilf NEFIT AND WHO HAS BENEFITED The year to August 2021 saw many of us still deepty afferted by the pandemic, Our servlces and mlnlstry adapted to this new reality and both staff and volunteers provided exceptional servlce, often whlle under Immense pressure. WORSHIP AND PRAYER During the year our main focus was at firstto move online the main Sundayservice. In additlon. members gathered to partlclpate In the onllne servlce5. either as famllies or small graups of frlends In 'church at home,. Vthen lockdown eased we were able to resume smaller-scale lTrperson gathertngs, wlth relevant precautlons but now the onllne component of our worshlp has becorne a permanent f&*ure. Whlle we are dellshted to be able to meet more regularly, the online services have extended our reath and enabled those who could not, to take parL Prayer meetlngs moved onllne and were supplemented ty regular updates to encourage Intercession for our local area and the world. We agaln marked the new year wlth three dajs of prayer and fasting. FELLOWSHIFI AND PASTORAL CARE Staylng close and supportlng one another has become more vltal durlng the pandemlc, even as it presented new challenges. Communlty Groups and smaller Llfe Groups have organized to keep in touch w5th one another vla phone, onllne meedngs and chat. Group leaders began regular meetSngs durlngtheyear. Church leaders carrled out pastoral ehrfk-lnj by phone or In person from March 2020 onwards, vAth 12 phone chaplalns now doln8 a ￿taljob supportlng those who need extra help. We dellvered two Belonglng to Rlverslde gatherln8s for new members as part of Sunday ser4lces and welcomed over forty people to the church famlly. Baptlsms were postponed for much of the ￿ar butwe dld manage to hold one baptlsmal 5ervlce. Bulldln8 on our commltment to become a bereavement frlendly church. we ha contlnued runnlng the B•reav•ment Jourry course (Ataloss.org) regularly for the bereaved In our community. This is a wonderful course with an optional final week to conslder faith in Jesus. Chlldren and famllles work has flourished thls year In spite of the pandemlc, Melody and her team have led countless Zoom calls, made vldeos and carrled out doorstep droP￿ffS and packages for so rnanyfamllles and chlldren. We have had wonderful feedback and some chlldren have sald their faith Is stronger because of lockdothn and the care and teachingthey have recelved. We have been thrllled to see new families joln us and our online services encourage the children to contribute. Youth mlnlrtrfrf contlnue to develop led byjohn Goodllff and hls team of volunteers. Our young people have been contributing to services. and meeting onllne and in person when allowed. We are encouraged by the way thatthe older ones have started to lead the younger Pa8e 7 of 23 ones In Roc Solld. Youth Zone cortlnues to be a wonderfully outward-facln8 group and there is now a 8reat dlsdpleshlp group for 1 >18 year old& Rlverslde Academy was due to launch In the flnandal year, but was delayed ty co￿￿ wlth Its flrst term startlng In autumn 2021. MISSION A number of m1551onal team5 operated throughout the year. each respondlng to lockdowns and other challenges In dlfferent w￿. Alv•rnld• P•rformI￿ArtS {RPA) faced the wholesale cancellatlon or delay of performan￿5 Into local 5chods. A core component of work and content creatlon was done to move resources on-llne and to provtde a feed of attmtles through our Facebook channels. Staff were fiJrlou8hed for part of the year, but In the summer were able to reopen some school- hollday actKdtles and book perfomiances forthe autumn. Rlv•nld• Money Advlc• {RMA) provldes free factst￿face money advth and help to people who want to get thelr flnances under corrtrol, or to escape debt or povety. the addltlon of a free advlce café each week and drop-ln sesslons at a local communlty centre, capaclty ha5 trebled thls Jtar. matched and provlded for ty donatk>n5 to support thelr wor Real Rlverslde Football Club completed our first season (2020121) after our transltlon to the new team. We Integrated around 20 r￿¥ players Into the squad, Includlng 8 youth players from the Plneapple Estate. Relatlonshlps wlthln the tearn have b10550med and contlnue to do 50, and more players Jolned In the summer of 2021, as we moved to the West Mldlands Chr15tlan League for the 2021f22 season. In addltlon to the abov¢ Rlverslde Church Is commltted to supportkns mlsslon In Blrmln8ham, the UK and the wlder world. by partlclpatln8 and regular donatlons to mlsslons. STAFF The stsff of Rl¥erslde Church have been herolc In adaptlng to the changlng pre55ure5 of the year and very creatlve wlth solutlons to the many practlcal challenges thrown up. New skllls have been leamed and responslbllltles shared c￿￿erfUlly. The Team deserves credlt for rlsln8 to the challenge and embraclng change. In July our dear frlend Kelth Brooks retlred after rnany years of falthful seNlce. Followlng thls and In response to the thurch's changlng approach to mlnlstry, we have revlewed the back- offlce operations and slnce the year end have been recrultfng to fill the new roles. Durlng cO￿d some volunteers have been unable to continue thelr valuable worl and only now are we able to brlng some of thern back to support the churcW5 work However, many have contlnued to sem throu8hout the pandemlc and to support In any way thej can. Thelr contrfbuuon Is vltal to the succes5 of our m1551on and mlnlsty. RIVERSIDE HOUSE Rlverslde House, l(Kated at 21 Al￿Ster Road. Blrmlngharni provtdes office and meetlng spa for all staff and many of our wlunteers as well as hosUn8 numerous events and actlvltles. A Pas• 8 of Zl Jarge hall caters for servtces meetlngs and sodal funrtlons of up to around 150 people. A nLfmber of smaller rooms also host actlvltles. FINANCIAL REVIEW Regular glving income ha5 remained Steady, desplte the wlder economic conditions. RPA events were curtalled, redudng Income somewhat But overall we are pleased to report a small surplus on the year. Costs were lower durlng the flnanclal year. as venues we normally hired were closed, and furlough grants helped with staff costs. We continue to operate su5tsinably with our regular expendltsire covered by regular glvlng. RESERVES POLICY Our policy Is to hold unrestrlrted cash reserves necessary to cover runnlng costs for four months In the event of a major variation of circumstances. Reser4es are monitored quarterly as part of our managernent reportlng. FUNDING SOURCES Rfverslde's maln fundlng source Is through the klnd donatlons of Riverslde members who are part of our congregatlon. through standin8 order and dlrett debits and throu8h our weekly offerlng wlthln our servlces. We contlnue to applyfor grants to fvnd partlcular projects or Inltlatlves and have been successful In securlng such funds for Rfverslde Performlng Arts and Rlverslde Money Advlce. Where 8rant funds are unrestricted and expended, these are accounted for as part of our general fvnd. GOING CONCERN As stated In note 1 (0), the Trustees have consldered the effect of the Covld-19 outbreak. The Trustees are confldentthat the Charitycan contlnue as a going concern for a perlod of at least trAielve months from the date of approval of these flnanclal statements. The Trustees have a reasonable expertatlon that the Charity ha5 adequate resources to continue in operatlon for the foreseeable future. Approved by the Board of Trustees on ... And signed on its behalf . 2022 Trustees l Direttors Rlverslde House 21 Alcester Road Moseley Blnningham B13 8AR Nam Name: Page 9 of 23 I report to the charlty trustees on my exarnlnatlon of the accounts of the company for the year ended 31 st August 2021 whlch are set out on pages 2 to 23. RE8PONSIBILITIE8 AND BASIS OF REPORT As the tharty trustees of the company (and also tts dlreaors for the wrposes of company law) you are responslble for the preparatlon of the accounts In accordance wlth the requlrements of the Companles *Lt (Ihe 2(M)6 kn. Havln8 satlsfied myself that the accounts of the cornpany are not requlred to be audited under Part 16 of the 2006 Act and are ell8lble for independent examlnatlon, I report In respect of my examlnatton of your compatys accounts as carrled out under sertlon 145 of the Charltles Art 2011 (the 2011 Acn. In carryln8 Out my examSnatlon I have follo￿d the Dlrectlons Wen by the Charty Commlsslon under sectlon 145(5Xb} of the 2011 ACL INDEPENDENT EXAMINER'S STATEMENT Slnce the companys gross Income exceeded £250,000 yDur exarnlner must be a member of a body11sted In sectlon 145 of the 2011 acL I confirm that l am quallfied to undertake the exarnlnatlon because l am a member of Chartered Cethed Accountants, whlch Is one of the 115ted bodle& I have cornpleted my examlnatton. I conflmi that no matters have come to my attentlon In connectlon wlth the examlnatlon 8Mn8 me cause to belleve that In any materlal respecL Accountlng ￿CordS were not keFt In respert of the company a5 requlred by 5ettlon 386 of the 2006 a¢ or The accounts do not accord wth those records or The accounts do not comply wlth the accourrtlng requlrements of sectlon 396 of the 2006 act other than ary requlrement that the accounts 8lve a true and falr vlew whlth Is not a rnatter consldered as part of an Independent examlnatlon." or The accounts have not been prepared In accordance wlth the methods and prfnclples of the Statement of recommended prattlce for accountlng and reportlng by charltles lappllcable to charltles preparln8 thelr accounts In accordance wlth the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102)]. I have no concems and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Nelll Currie F.CA Z For and on behalf ofjerroms Chartered Certmed Accountants Lumanerl Houx Blythe Gate. Blythe Vallw Parl Sollhull B9) 8AH Pag• 10 of 25 For the year ended 31 August 2021 Incom• and •ndO￿￿•nts Incom8 from generated fiJnd• Oonation5 and legac185 Other tradlng actlvlll88 Inwrrn from Inve8trn8nts Income fram charltable adialiBs Other Incom• Gr8nts Ree•lvabl• Total Incom• ind •ndoThin•nts 508,396 112,600 620,998 815.171 1,909 28,943 3,313 68,360 3,699 25,243 721 514.72e 56.859 194,701 57,579 11,438 709,427 898.281 Exp•Trdltur• on chlrfta￿e acllvlti Gov•m•nce Co•ts Tot•1 R••Our￿* Exp•nd•d (531.9851 {137,111) (069,007) {772.858) 1531,9851 137,111 J.-{772.858) Net In￿Me/(eYpendIlure) (17.260) 57,5 40,330 125.424 Trnn￿lI bItr￿￿ fvnd$ Nel {tyJtgolngykncfynkng r••ourrn8 11112 (17.2801 57.590 40,330 125.424 Fund balanc￿ br￿ght forward• Fw2d balanco• conlod lop￿r 1.012,035 994.775 82,720 140,310 1,094,755 989.331 1,136,085 1.094.755 Movements on reserves and all reco8nlsed 8aln5 and losses are shown above. The notes on pages 13 to 23 forni part of these accounts. Page 11 of 23 2019120 FIXED *28ET8 Tanglbla A8sdA 497,914 CURRENT A85ET8 Debtorn CaBh at ￿nk and In Imnd 23,161 616.148 613.517 CURRENT LIABILmE8 Cr•Jlirx• . du• TA4tNn on• y• NEf CURREpif A8SEf8 Total AM•t81•80 curMt11oblli•• 1.13408S Cr•Jltarn - du• aft•r om y•w NET A88ET8 1,13a,0g5 FUNDa Unwtrfct•d Genero1 DMlqnat•d 13 532.997 481.779 591.344 420.691 •M775 140.310 1.135.080 1.012.036 82,720 A••lrfct•d 13 These flnanclal statements have been prepared In accordance wlth the provlslons appllcable to companles subJect to the small companles reglme. The company was entltled to Èxernpdon fram audlt under sect5on 477 of the Companle5 Act 2006 relatlng to small companle& Trustees, responslbllltles: The Members have not requlred the company to obtain an audlt of Its accounts for the year in questlon In accordan￿ wlth sectlon 476: The trustees acknowledge thelr responslbllltles for comptyln8 wlth the requlrernents Of the Art wlth respect to accountln8 records and the preparation of accounts. Approved by the Board of Trustees on Rlver51de Church Trust Company No: 4479264 16 2022 and s18ned on Its behalf. Name: .kJoM+itl¢rfO Name: J.<0 pa8• 12 of 23 ACCOUNTING POLICIES (A) ACCOUNTING CONVENTION These accounts have been p￿pared under the historlcal cost convention wlth Items recognlsed at co¥c or transattion value unless otherwlse stated In the relevant notels) to these accounts. The accounts have been prepared In accordance wtth: the Statement of Recommènded Practlce: Accountlng and Reportlng by Charltles preparlngthelr accounts In accordance wlth the Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 102) Issued Ottober 2019. the Flnancial Reportlng Standard applicable In the Unlted Klngdorn and Republlc of Ireland (FRS 102) the Charltles Act 2011 the Companles Act 2006. The charlty has applied Update Bulletin 1 as published on 2 February 2016. No amount Is Included in the ftnanclal statements for volunteer time in Ilne wlth the SORP (FRS 102). Further detsll Is gfven In the Trustees, Annual ReporL The financlal statements are prepared in sterlln& which isthe funrtional currency of the company. Monetary amounts in these financlal statements are rounded to the nearest £. Rlverside Church Trust meets the definltion of a public benefft entity under FRS 102. (B) INCOME Income from tsx reclaims Is Induded In the SOFAwhen due. All gifts and donations are accounted ft>r on a recelvable basss. Grants are recognised In the statement of financial actmties when there Is reasonable assurance thatr. the charlty will comply with the condltions attachlng to them: and the grants will be recei¥Ed Glfts received In klnd are valued by the trustee5 at thelr approxlmate market value and Included wlthln Incorne and expenditure. (C) RESOURCES EXPENDED Expenditure is allocated to the particular actI￿ty where the cost dlrettiy relate5. LlabllStles are recognlsed as 500n as there 15 a legal or construrtive obllgatlon committlng the charlty to pay out resources. Admlnlstratlon and office overhead5 and other related expenses are apportioned be￿een direct charitable activities. For each dlrect activity, Its totsl of ￿taff Cost< and "Dirert Co# as a percentsge of the total resources expended is used for Its share of apportioned costs. Pa8e 13 of 23 (D) UNRESTRICTED FUNDS These funds are avallable as general fvnds of the charity. vthlch th.e Trustees are free to use In accordance wSth the charltable objec (E) RESTRICTED FUNDS These funds are to be used to specffic purposes as lald d(hyn by the donor. (F) FIXED ASSETS Flxed assets are shown at cost. Items of a capltal nattire and costtng In excess of £500 are capltali5ed. Depreclatlon Is provlded at rates calculated to wrlte off the cosL less estlmated resldual value, of each asset on a straltst-llne basls over Its expected useful Ilft as ft)Ilows: Land 0% perannum Freehold property 296 perannum Fumlture and Equlpment 2016 per annum Offlce EqulpmenL Audlo Vlsua! equlpment 25% perannum Vehlcle5 25% per annum (G) PENSIONS The company operates a deflned contrlbutlon scheme for the benefft of its employees. Contrlbutlons payable are char8ed to the flnandal statements In the perlod they are payable. (H) FINANCE AND OPERATING LEASE8 Renta15 appllcable to operatlng leases are charged to the SOFA over the perlod In the cost Is Incurred. Assets purchased under finance lease are capltallsed as flxed a55e Obllgatlons under such a8reements are Included In credltors. The dlfference bethen the capltsllsed cost and the total obll8atl¢)n under the lease represents the flnance charges. Flnance charges are wrltten-off to the SOFA over the perlod of the lease so as to produce constant perlodlc rate of charge. IMPAIRMENT OF FIXED ASSETS At each reportlng end date, the charfty the carrylng amounts of Its tanglble assets to determlne whether there Is any Indlcatlon that those sufferlng an Impalnnent loss. If any such Indlcatlon exlsts the recoverable amount of the asset Is estlrnated In order to deterrnlne the extent of the Impalm*nt loss (If anyl (J) CASH AND CASH EQUIVALENTS Cash and cash equlvalents Include cash In hand and deposlts held at call wlth banks. P•p 14 of 23 (KI FINANCIAL INSTRUMENTS The charlty has elerted to apply the provtslons of Sertion 11 "Baslc Flnanclal Instrurnenw and Sectlon 12"Other Flnancial Instruments Issue¢ of FRS 102 to all of Its financlal Instruments. Flnanclal instruments are recognised In the charltys balance sheet when the charity becomes party to the contrattual provtslons of the instrument. Flnanclal assets and Ilabllltles are offset wth the netamounts presented In the flnanclal statements, when there is a legally enfor￿able right to Set off the recognised amounts and there15 an intention to settle on a net basis or to reallsethe asset and settle the Ilability slmultaneously. {L) BASIG FINANCIAL ASSETS Baslc flnanclal assets, whlch include debtors and cash and bank balances, are Inltlally measured at transactlon price Includlng transattion costs and are subsequently carried at amortlsed cost uslng the effettive Interest method unless the arrangement con5tltutes a flnanclng transaction, where the transartlon is measured atthe presentvalue of the future recelpts d15counted at a market rate of InteresL Flnanclal a55ets classlfied as recelvable thin one year are not amortised. (M) BASIC FINANCIAL LIABILITIES 8aslc flnanclal Ilabllltles Indudln8 credltors and bank loans are Inltially recognlsed at transattion prlce unless the arrangement constltutes a flnanclng transartlon, where the debt Instrument Is measured at the present value of the future payment5 dlscounted at a market rate of Interest. Financlal Ilablllties classified as payable withln one year are not amortk5ed. (N) EMPLOYEE BENEFITS The cost of any unused hollday entltlement Is recognlsed In the perlod In whlch the employee's servlces are recelved. Each tem) we check that employees are on track In booklng annual leave, and conslder that thls Is adequate to ensure that no adjustment at year-end Is requlred for our small number of employes Termlnatlon beneffts are recogn15ed Immedlately as an expense when the charty Is demonstrably cornmltted to the employment of an employee or to provlde termlnatlon benefits. (01 POST BALANCE SHEET EVENTS We are not aware of any rnaterfal e%*nts post-balance sheet that requlre dlsdosure. Page 15 of 23 ANALYSIS OF INCOME Donatlorts and le8 Funds Funds 2019f20 Donatlon5 HMRC Glft Ald Rebate 418,806 £ 89.590 £ 93J02 £ 19.198 £ 111601 £ 512208 £ IN,n9 £ 620P97 £ 698,459 116.712 815,171 Tat•l 2020121 1019120 Funds A￿•rf* for All D.938 Bwi Dav•nporV• Ch•rlty B￿rn￿lIe Wlltyo TN•t Chrf•Uan Arts TnJ•t carr￿ntOne G E G•0 Tru•t HMRC Furlough Grnnt Novon￿ Lottwy Commuth FUTKI W•8t MhdlorKl• Poll￿ for no•ppkn Yixth Ftrol•rt 30,OCQ KOOO 721 11399 13.120 9,aOO IW2 2,•Va 57J79 ANALYSIS 01 IXPENDITUAE 2020r21 2019120 DlreLt St•ff CA*$ &¥portlon•d Total a•n•r•l Fund• Pastoral Under-18s Worship Gath•rln Fadlltles DMlonat•d Fund• knd•my Cixnmunlty TMm• Glvln8 to (Xh•rs R••trlct•d Fund• Gm8 belng paswl on 13,089 129.203 51,261 23,893 98,538 240,840 219.938 38.944 94,798 106,737 23.803 n,574 238.586 12.288 11,623 78,897 49.367 4021 1,887 (14,618) 4,401 {8,543) 11. 11281 22.131 29,074 71.955 2,236 19,314 X140 1,174 PorfDming ArtB Plmapplo Youth Prolecl Word of H8nd8 (Xhor Proj￿ 1,478 12.864. 17.827 185M9 309￿)7 173J50 669m7 772.858 PaB• 16 of 23 Total glvlng Includlng gifts passed on was £6&1X12 (2020.. £77,479). The table below analyses giving by category. Anitysls af Il¥lnito Others 2020ft1 2019120 Total IndMdu•ls In the UK Elke Hanssm•n James and Mel Lynth JonatPon Musyoka Mlke and Rachel Hill David and Linda Isgrth Dlscretloniry Glfts lunder £500) 1052 6,102 3,704 1.235 3,750 17.649 30,103 IndMduah-1rt•rn4tlon•l B and E Allen Emma Thomas St•v¢ Jonu 11.230 6,697 1,85Z 19.779 20,290 Oynlz•tlons In UK Interserve Cana Trust A8ape (for the 5UPPOrt of J Blmr) Agape (for the support of P Duncan) The Feast Youth Project Radstock Mlnlstries SaltmlnÈ Trust A8ape (for the support of H Duncan) En8a8e West midlands Bimiin8ham City c￿￿11. Green Spa ChaplalncyPIus Fus1¢ Premler Chrlstlan Rad50 Stewardshlp 7.775 3,337 1,852 1,852 1,482 250 324 3(hJ soo Is￿52 23558 ftni•rn•tlon*l Oryntsatlons Scrlptural Knowledge 3,704 3￿29 3,528 66002 77A79 Page 17 of 23 STAFF COSTS 2019AO Wa8es and ￿larte5 Sodal Security costs Penslon 369.774 24A62 432334 32￿87 19.9C 409￿27 The compary operates a deflned contrlbutlon pension scheme. The a55ets of the scheme are held separately from those of the company In an Independently admlnlstered fund. The penslon co¥( represents cOntr1t￿tIOnS pald by the company to the fvnd. No employee earned more than £60,000 per annum. Average number of employees (calculated on an avera8e full tlme equlvalent basls) 20￿M Dlr•ct tharltibl• work Admlnlrtr•tlon 14 TRUSTIIS. REMUNIRATION AND IXPINSES Nun*•r oftru•toM pakj aVM•• 41 Totsl rnnt wld 41 No remuneratlon wa5 pakl or payable for the yearto any Trustees for thelr role, See note14 for related party transartlon& Pas• 18 of 23 TANGIBLE FIXID ASSITS Offlc8 and Fumlturn & Audio v￿u81 EqulWy￿ Equipm8nt T(rtal Frethdd Mlnllx COST Al 31 August 2020 Addf(ionB DI8FX78AIg At 31 Augu8t 2021 ?75￿21 L788 17280 95,791 369 99,247 37,417 988.139 40,575 777.609 17280 97,160 136.665 1,028,714 DEPRECIATION At 31 Augu8t 2020 Chjrya for tho ymr Ellmlnaled on dlfjygl Al 31 August 2IY21 302,625 13,552 12,960 84.262 5,751 90,379 14,072 490.226 37,696 316.177 17280 90,014 104,451 527.922 NEf BOOK VALUES At 31 Augu8t 2020 At 31 Augu•t 2021 473.196 46L432 4.320 11,529 7,146 497.913 51x1,792 32,214 Included wlthin the freehold property cost Is £100.000 relatlng to freehold land, whldi Is not depreciated. DIBTORS 2020ra1 201 Br20 Prepayment8 Other debtor5 HMRC Glft Akl 5,750 13,285 1.421 14044 20M4 23,181 Page 19 of 23 CREDITOAS: AMOUNTS FALLING DUE WITHIN ONE YIAR 20Wa1 201V20 Payrdl UgbNltle8 - HMRC PAYE Ac￿jnts Payatle 4109 IA47 2,722 D•fgrrod 3.016 18.676 Credltorn.. Amunts f8lllng In grMt•r than (Thi y 2020r11 2019r20 Lw• obllgatkm• A88re8ate amount of secured Ilabllttles £None12019 £None) OIILIGATIONS AND COMMITMINTS CAPITAL COMMITMENTS Contr&t•d not pmvkl*l: 31 AW 2021 £ Pl￿•. (31 AU￿ 2020 £ Nry*) 10 RELATID PARTY TRAtdSACTIOP4S No related party transacdons took place In the year. 11 TAXATION The tharlty Is exempt from corporatlon tax on tts charltable actlvltles. Pase 20 of 23 12 CASH FLOW STATIMINT 2020r21 2019/20 Jh i•n•r•t•d from op•rntlN acllvltl•J: Net cash prgvldedby (used In) O￿TOt1nq artlvltle% Cash flows from other sour¢u: Interest from Investments Pro¢eed5 from the Sale of property, plant and equipment 77.393 5,237 Table I (1,909) 3.313 75,483 8,549 AppllcatloTr alr￿h. Purchase of property. plant and equlpment Purchase of investments Repayments of borrowlng (40,575) (8,482) (40,575) (8,482) Net Inuea$el(deue4se) In ush: 34,909 67 Cash at bankand in hand le550verdrdfts at the beginnin8of the￿ar 590,356 590,288 Table 2 C•$h at bank and In hand l•sJ overdrafts •t •nd y•ar 625,265 590,355 Tabl• I: RKondllatlon of n•t Incom￿1•xplftdknl to n•t cash fl( from op•rntlw actmths 2020m 2019120 Net Incomellexpendlture) las per the stat•m•nt of flnan¢lal ictlvltlesl 40.330 125.424 Adlustmentsfor. Depreclatlon char8es Interest from Investments Loss/lproflt} on the sale of ftxed assets Ilncreaselldecrease In debtors Increaselldecreasel In credltor5 Net cash provlded by (used In) operatlng artlvltles 37,696 33.770 1,909 (3.313) 2,277 (8,173) (4.820> (142,4711 77,393 Tabl• 2: Anaws of cash at bank and In hand less o¥•rdrafts 2020121 2019120 Cash at bank and In hand at the be8lnnlng of the Overdrafts included in bank bans and oN*rdraft5 falllng due wlthln one year 590,356 590.288 590.356 590,288 Page 21 of 23 13 UNRESTRICTID AND RISTRICTED FUNDS. AND FUND MOVEMENTS At 31 ￿USt 2020 ￿$￿•M0n￿ In fiTh18 A 31 Awu•t 2021 O•n•r•l Funds D••lgMt•d Fund• 591.344 (58.34n 41,088 17.280 532,997 461,T19 994,TT5 1.012,035 R••lrfct•d Fund• At 31 ￿￿USt 2020 k•Mfflonts In fiK#J8 A 31 ￿gUSt 2021 Plneepple Youth F￿j￿1 Rmtrtcted Fund8 lI￿r￿Ide KI￿neY Athlco Rlv8r8ldo Perfornilng Art Word of HandB 3283 4911 878 20,168 40,373 16,274 82,719 {10.6971 S,571 Total 40RJ) _ 1,135,085 14 ANALYSIS 011 NET AS$ITS IIETWEIN FUNDS At 31 Affju•t 2020 kn•morrt• In fuNl• J1 I￿9￿•1 2021 Qon•r•l Fund• Do•lgnatgd Fund• (68.347) 41,088 172eo 532,997 461,779 420.691 1,012,035 R••lrlct•d Fund• Al 31 2020 N*Mm•nts In ￿ndS A 31 *4u•t 2021 Pineoppb Ytyjth Project Youth work rM tho Pln8Apple E8ts Re•tricted Fund8 8m811 gffts to ml88lonarf RI￿r￿ld8 moneyAd￿Ce Free a￿ce wAce Rlvar81do Pgrfomilng Arta Chrl8Uan drama kyoup Word of Hand8 Church wllh 8lgn Iwwuaage 3,283 4911 20.188 40,373 9,062 18274 (10.69n 4576 82.719 140,310 1.135,085 15 LiaAL STATUS OF THI CHARITY The charlty Is a compary Ilmlted ty guarantee and has no share capltal. The Ilablllty of each member In the event of wlndln8-up is limited to £1. pw22of23 15 CONTROL There was no controlling party duringthe year. Page 23 of 23 ## **Document Activity Report** ## **Document Sent** Thu, 19 May 2022 11:04:49 GMT ## **Document Activity History** Document history shows most recent activity first ## **Date** ## **Activity** You can verify that this is a genuine Portal document by uploading it to the following secure web page: **http://jerroms.accountantspace.co.uk/messages/VerifyDocument**