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2024-08-31-accounts

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS For the year ended 31 August 2024

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RIVERSIDE
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Riverside Church Trust Charity number: 1099487 Company number: 04479264

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Riverside Church Trust - Final accounts - 31 August 2024

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REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name: Riverside Church Trust Charity Registration Number: 1099487 Company Registration Number: 04479264 Registered Office and operational Riverside House address: 21 Alcester Road Moseley Birmingham B13 8AR

TRUSTEES/DIRECTORS

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A Barker (resigned 8 January 2024) R Pumphrey M Robertson - Chair J} Tomlinson M Waldram

G McLachlan (appointed 21 June 2024)

AUDITOR ~—~—~—~—CBANKERS)———“<‘iéS~~—dSOLICITORS — Sumer Auditco Limited The Co-operative Bank PLC Anthony Collins Solicitors LLP The Beehive PO Box 250, Delf House 134 Edmund Street Beehive Ring Road Southway Birmingham London Gatwick Airport Skelmersdale B3 2ES Gatwick WN8 6WT United Kingdom RH6 OPA

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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 ending 31 August 2024.

This report has been prepared in accordance with: the Statement of Recommended Practice applicable to charities preparing their accounts; 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.

OBJECTIVES AND ACTIVITIES

Riverside Church Trust is an independent Christian church.

The objectives of Riverside Church Trust as defined in the Memorandum and Articles of Association are, in the United Kingdom and overseas:

These objectives do not change, but the strategies and goals agreed may change.

Our aim is to always hold to our mission statement:

“We are a church on a journey to help people get to know Jesus and grow as His followers across Birmingham and beyond.”

In line 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. We try to enable ordinary people to live out their faith as part of our fellowship through:

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STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNING DOCUMENT

The organisation is a charitable company limited by guarantee, incorporated on 5 July 2002, merging previous charities Riverside Ministries Trust (charity number 327647) and Riverside Fellowship Trust (charity number 1046841).

The objectives of Riverside Church Trust are defined in the Memorandum and Articles of Association and the Trustees ensure that the activities of the church always remain in line with these.

RECRUITMENT AND APPOINTMENT OF TRUSTEES

Trustees are appointed from the membership of the church following nomination and interview by members of the Board and the Senior Pastor. All trustees serve as Directors.

TRUSTEE INDUCTIONAND 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 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 provided with an induction pack introducing the legal requirements and responsibilities of trustees, and a comprehensive statement of the objectives, values and beliefs of the church. They are introduced to the financial and management arrangements of Riverside and supported in their role by the Chair and other Trustees.

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ORGANISATIONAL STRUCTURE

The Board of Trustees meet regularly throughout the year to provide support to the leadership team and oversee the direction of the church in keeping with the Objectives, approve budgets, receive management accounts, and determine significant policy.

The 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.

The Trustees are supported by a Finance and Risk Committees. Finance Committee consists of two Trustees, the Operations Director and other long-standing members of the church with appropriate experience and expertise. This team, acting within delegated responsibilities, reviews budgets, considers proposals for expenditure and makes recommendations to the Church Leadership Team and Trustees.

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Much 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 church's ministry, 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 in the financial valuation of the Trust.

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RISK MANAGEMENT

We are Satisfied that we have systems in place to support giving, manage resources and hold an acceptable level of reserves.

Trustees have established ‘Guardrails’ which provide early warning of financial exposure. They comprise minimum cash balances, together with limits on the proportion of income committed to staff costs. We also monitor levels of giving and other income.

Our policy is that each year the Finance & Risk Committees review our Risk Register, which identifies the various risks to the church and considers the relative likelihood of those risks occurring. Where risks have increased, appropriate remedial action is initiated.

Riverside has in place a Safeguarding Policy covering all our activities with children, 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 are 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.

RELATIONSHIPS 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. We run a weekly youth club in conjunction with Church of the Ascension, Stirchley. The church supports several 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 a cross-cultural community worker employed by Interserve.

HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT AND WHO HAS BENEFITED

We've had encouraging feedback from community members regarding the various activities we run, with many finding our services helpful, especially during these difficult times. Riverside Church, Riverside Pantry, Open Lunch, and other services such as Stay & Play and Riverside

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Money Advice have been a great benefit to the community, and we've seen a great number coming through our doors for assistance and a safe place.

WORSHIPAND[PRAYER)] Our Sunday gathering is the primary occasion where we worship together, pray and fellowship as a wider family.

However, our worship and prayer are not only what we express on a Sunday but our expression throughout the week. This includes our connect groups and all our other services that we provide at Riverside house during the week.

We have begun to see the vision of our services coming to pass with some of those who attend our Money Advice service, Open Lunch, Café, and Pantry joining in with more faith-based activities such as our Sunday gatherings and Alpha - a course where one can learn more about the Christian faith. This has been our greatest desire; to provide both help and hope to those in the surrounding communities.

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FELLOWSHIP AND PASTORAL CARE

Over the last two years, we have developed a central pastoral hub of champions and chaplains supporting people pastorally in multiple ways both in church and across the community. Rahel, our new community chaplain, does a wonderful job befriending many people who come through our doors in our outward-facing initiatives. Toward the end of the year, she began a prayer initiative with our regular guests, which is very exciting.

We have continued with our volunteer chaplaincy service to address the increased isolation and loneliness in our community. We have seen many more accept the invitation to Alpha because of building trusted relationships within the Hub chaplains and volunteers, with 15 people having completed the course.

As part of more specific care, we continue to be a bereavement-friendly church. We offer The Bereavement Journey course each term, supporting many people who are dealing with loss in their lives. We have developed our pastoral care for the over 75-year-olds - a group now called Vintage - with a team doing visits and creating opportunities to gather together and celebrate life.

We are offering more frequent baptisms and have seen a widening age range coming forward for Baptism which is wonderful. Last year we baptised 12 people in all.

Children and Families’ ministries continue to grow. We have seen several new children and families come to church services, connect groups and other regular events. Our activities such as Stay and Play, ReAct (a holiday program run by Riverside Performing Arts), the Matilda performance and rehearsals and our children’s weekend away have all provided fantastic opportunities for families to find out more about God, the church and experience a sense of community. There is a beautiful culture of children from Riverside inviting their friends to Riverside events/ services. In May, Sarah Thomson handed over the ministry to Leah Wilson and Ella Wilkes.

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Youth ministries continue to grow, this year seeing the highest number of young people consistently attending Friday night gatherings and at least 87 young people being regularly discipled. There is increasingly a culture of invitation in our groups and an emphasis on events being visitor-friendly which resulted in us welcoming 23 newly visiting youth in the second half of the year. We have around 30 of them serving at Riverside in some capacity on our worship, tech teams and in various other areas. Our youth ministry constitutes Riverside’s largest single area of discipleship.

In April 2024 the Riverside Generations team produced four performances of Matilda the Musical Jr. at the Midlands Art Centre, following 7 months of rehearsals and relationshipbuilding. All shows played to sold-out audiences. The production was a huge success, but more importantly it provided a valuable opportunity to connect with children, young people, and families in the local community. A total of 64 children took part in the project, 29 of[whom][were] not previously involved with Riverside. Of these, 20 have since become involved in other Riverside groups including Friday night youth groups, children’s connect groups, and Sunday services with their families.

MISSION

Julian Mander is now responsible for overseeing the mission work of Riverside Church. This has helped to manage the mission well and see the fruits of what they are achieving.

Riverside Performing Arts (RPA) is seeing an increasing need for children to know they belong, and that there is a safe place for them to learn and thrive. Regardless of background or ability, hundreds have been welcomed into our half-term and summer clubs, with 60% of attendees coming from non-church backgrounds. Following 43 performances and 94 workshops this year, we pray in faith that all our children will continue to step into and embrace who they are, and all that God has made them to be, with boldness and joyful expectation. 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. Funding from the UK Government's Cost of Living Fund, and Birmingham City Council's Income Maximisation, Information, Advice and Guidance Fund, enabled us to sustain our capacity. We served over 100 people each month, with face-to-face support and chaplaincy help alongside. During this year we wrote off £245,000 of debt for 16 households and improved the financial circumstances of local households by an estimated £2.2m. The team comprises 29 people who are advisors, chaplains, befrienders, interviewers, administrators and café hosts. Riverside Pantry provides food and friendship to our local community. It continues to grow, now welcoming on average 50 customers each week. Open Lunch is running every week, serving a hot meal and bringing connection and Christian community to more and more people.

Real Riverside Football Club is a men's 11-a-side open-age football team that competes in the West Midlands Christian League and the National Christian Trophy. Each season, over 30 players aged 16+ find authentic community, create deep friendships and play football together. We know as a team we can beat anyone on our day, but true success comesoff the pitch where we have seen players improve their mental health, positively restructure their personal lives and see first-hand what a faith in Jesus looks like.

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STAFF

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Since the covid pandemic there have been many changes in staff and organisational structure. In response to these changes, we have taken the opportunity to establish a new organisational structure, a revised employee handbook, strategies, policies and a renewed team culture.

The staff of Riverside Church have adapted well, and we have observed a growth in confidence in all persons in leadership positions as well as those managing different our various services and projects. Staffing-wise, we are at capacity.

RIVERSIDE HOUSE

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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. A few smaller rooms also host activities.

FINANCIAL REVIEW

While Riverside continues to hold a stable financial position, we, like many others, have been hit by the rise in inflation which means our bills were very high, and donors were in many cases not able to increase their giving for the same reasons. However, we continue to see God's goodness in large one-off gifts that have helped massively with the continuation of our ministries and community projects.

RESERVES POLICY —

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Our policy is to hold unrestricted cash reserves necessary to cover running costs for four months in the event of a major variation of circumstances. Reserves are monitored quarterly as part of our management reporting.

FUNDING SOURCES

Riverside’s main funding source is through the kind donations of Riverside members who are part of our congregation - via standing order and direct debits and through our weekly offering within our services.

We continue to apply for grants to fund projects and initiatives and have been successful in securing such funds for Riverside Money Advice and Riverside Pantry. Where grant funds are unrestricted and expended, these are accounted for as part of our general fund.

GOING CONCERN

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.

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Approved by the Board of Trustees on a ee. hee 2025 And signed on its behalf:

\ ficken Vic. So 20 1 Name: Name: ___ 18 [05/2025 é3.[A]

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The trustees, who are also directors of Riverside Church Trust for the purposes of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RIVERSIDE CHURCH TRUST

OPINION

We have audited the financial statements of Riverside Church Trust (the ‘charitable company’) for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet, cash flow statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

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Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 12, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

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Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-thefi/description-of-the-auditor%E2%80%99s-responsibilities-for. This description forms part of our auditor's report.

USE OF OUR REPORT

This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s truste@s as a body, for our audit work, for this report, or for the opinions we have formed. ? Ago N/ ia Horton FCCA (SeniorbarStatutory Auditor)

For and on behalf of Sumer Auditco Limited, Chartered Accountants The Beehive Building Beehive Ring Road Gatwick Crawley United Kingdom RH6 OPA

Date: | G iv 4 los @e

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—

STATEMENT OF FINANCIAL ACTIVITIES

ei

For the year ended 31 August 2024

Notes Unrestricted Restricted Restricted 2023/24 2022/23
income and endowments
Income from generated funds
Donations and legacies 2 838,471 74,084 912,555 605,507
Other trading activities
Income from investments 12,457 12,457 11,323
Income from charitable activities 33,548 43,162 76,709 128,292
Other income 11,368 11,368
Grants Receivable 2 Z -- 166,868 =:
166,868		 — 36,573
Total income and endowments ___- 884,475 295.482 1,179,957781,694
Expenditure on
Charitable activities (768,300) (243,356) (1,011,658) (911,171)
Governance Costs ae
Total Resources Expended 3 ___(768,300) (243,356) (1,011,658) (911,171)
Net income/(expenditure) 116,174 52,125 168,299 (129,476)
Transfers between funds
Net (outgoingyincoming resources 11/12 116,174 52,125‘168,299(129,476) (129,476)
Fund balances brought forwards 816,768 120,699 937,467 1,066,943
Fundbalancescarriedforwards 932,942 172,825 1,105,766 937,467

Movements on reserves and all recognised gains and losses are shown above.

The notes on pages 18 to 28 form part of these accounts.

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BALANCE SHEET AS AT 31 AUGUST 2024
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Notes 2023/24 2022/23
FIXEDASSETS
TangibleAssets 6 457,884 479,414
CURRENT ASSETS
Debtors 7 19,794 24,085
Cash atbank and in hand 658,050 458 443
677,843 482,528
CURRENT LIABILITIES
Creditors - falling due withinone year 8 (29,961) (24,475)
NETCURRENTASSETS 647,883 458,054
Totalassets less current liabilites 1,105,767 937,467
NETASSETS 1,105,767 937,467
FUNDS
Unrestricted 13
General 429,550 501,055
Designated 503,392 315,712
932,942 816,767
Restricted 13 172,825 120,699
1,105,767 937,466

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 for the year ended 31 August 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

Trustees’ responsibilities:

Approved by the Board of Trustees on_\“2__ S -

2025 and signed on its behalf.

Riverside Church Trust Company No: 04479264

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Ache _GE._O- hrwan a
Name: Name:
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NOTES TO THE FINANCIAL STATEMENTS os [FORSAG ee ecgTHESe GencoYEARara: Se ENDEDa Bike RM eeSe31aT AUGUSTesee Trish Pree 20240Up tee, nt) gpemerady ita RL Yae Ae pee eee LD Ss OE ORR Mea Te2

1 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:

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 is included in the SOFA when due. 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:

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.

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.

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(D)UNRESTRICTEDFUNDS

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.

(1) 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 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.

(K) FINANCIALINSTRUMENTS

ne

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.

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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 financial 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.

(O) POST BALANCE SHEET EVENTS

We are not aware of any material events post-balance sheet that require disclosure,

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2 ANALYSIS OF INCOME

Donations and legacies Unrestricted Unrestricted Restricted Restricted Total Total
Funds Funds 2023/24 2022/23
£ £ £ £
Donations 750,672 62,455 813,127 518,598
HMRC Gift Aid Rebate 87,799 11,629 99,428 86,909
£ 838,471 £ 74,084 £
912,555
£		 605,507
Grants Receivable Unrestricted Restricted Total
Funds Funds 2023/24 2022/23
£ £ £ £
BCC CelebratingCommunities £ 2,000 2,000
BCC Food Pantry Grant - 7773
BCC Income Maximisation IAG Funding £ 48,276 48,276
BCCWarm Welcome 2023 £ 2,500 2,500 500
BCC Wellbeing Hub Grant £ 3,000 3,000
BCC Winter Food Aid Fund £ 5,000 5,000
Cornerstone - 15,000
Deo Gloria Trust Grant 1,500 1,500
E C Oldham Charitable Trust 500 500
Grantham Yorke Trust Funding - 4,000
Heinz Grant - 300
Maydwell Trust 250 250
National Lottery Community Fund 73,842 73,842
NDSU Grant - 6,000
Trustees of the
G E GEE Trust		 30,000 30,000 3,000
- 166,868 166,868 36,573

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3 ANALYSIS OF EXPENDITURE

2023/24 2022/23
Direct StaffCosts Apportioned Total Total
General Funds £ £ £ £ £
Pastoral 15,908 288,367 25.049 329,324 284,807
Generations 37,159 3,059 40,218 97,758
Academy 306 25 332 11,078
Worship Gatherings 36, 167 2.977 39,145 100,672
Facilities 163,578 86,739 20.607 270,924 152,026
Designated Funds
Community Projects 73,083 9,837 82,921 94,301
Real Riverside 4.715 4,715
Restricted Funds
Gifts being passed on 2,944 2,944 5,991
Money Advice 59.075 60.937 120,012 77,952
Performing Arts 10,269 72.777 83,046 68,092
Pineapple Youth Project 3,429 3,429 2,956
Interserve 7,012 7,012
Pantry Project 15,320 12,317 27,636 15,413
Other Projects 124
428,966 $30,973 $1,718 1,011,658 911,372

NB Administration costs are apportioned among General Fund cost headings in proportion to the total of direct and staff costs for each ministry.

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Total giving including gifts passed on was £58,477 (2023: £65,838). The table below analyses giving by category.

Analysis ofGivingtoOthers 2023/24 2022/23
Total Total
>a £ £
Individuals in theUK
Mike and Rachel Hill 4,236
Discretionary Gifts (under £500) 2,770
7,006 14,713
Individuals - International
EmmaThomas 7,971
Steve Jones 2,112
10,083 11,947
Organizations in the UK
Interserve 9,330
Cana Trust 3,337
ICY Ministries 5,245
Agape 6,336
The FeastYouth Project 600
Evangelical Alliance 440
Samaritan's Purse (Libya Flooding) 1,000
MoseleyChurchesTogether 195
ChaplaincyPlus 300
EngageWest Midlands 3,000
Fusion 100
Premier Christian Radio 180
Tearfund (Gaza Support) 1,000
Bible Depot 500
Bible Project 308
international Organizations 31,872 27,289
Open Doors 2,112
Operation Mobilisation 2,112
Scriptural Knowledge 5,292
9,516 11,889
58,477 65,838

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4 STAFF COSTS

2023/24 2022/23
£ £
Wages and salaries 470,635 407,803
Social security costs 37,903 32,592
Pension 22,435 19,920
530,973 460,315

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions paid by the company to the fund.

No employee earned more than £60,000 per annum.

Average number of employees (calculated on an average full time equivalent basis)

2023/24 2022/23
Direct charitable work 10 9
Administration __
4		 __
4
nen ‘Setitlnasbaceete

5 TRUSTEES’ REMUNERATION AND EXPENSES

No remuneration was paid or payable for the year to any Trustees for their role. See note 10 for related party transactions.

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6 TANGIBLE FIXED ASSETS

Office and
Freehold
Property		 -
NOUS		 Furniture &
Equipment		 Audio
Visual		 ie
Equipment
£ E £ a £
COST
At 31 August 2023 789,387 17,280 22,946 71,321 900,934
Additions - - 11,162 2,323 13,485
Disposals - - - - -
At 31 August2024 789,387 17,280 34,108 73,644 914,419
DEPRECIATION
At 31 August 2023 342,535 17,280 13,554 48,152 421,520
Charge forthe year 13,788 - 5,420 15,806 35,014
Eliminated on disposal - - - - -
At 31 August 2024 356,322 17,280 18,974 63,959 456,535
NETBOOK VALUES
At 31 August 2023 446,852 - 9,393 23,169 479,413
At31August2024 433,064 - 15,134 9,685 457,884

Included within the freehold property cost is £100,000 relating to freehold land, which is not depreciated.

7 DEBTORS

2023/24 2022/23
£ 2
Prepayments 9,094 13,007
Other debtors 3,113 3,934
HMRCGiftAid 7,587 7,144

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8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023/24 2022/23
£ £
Payroll Liabilities - HURC PAYE 8,768 7,529
Accounts Payable 9,335 11,846
Governance 8,000 5,100
Deferred Income 3,858 -
Other = cs
29,961 24.475

Aggregate amount of secured liabilities ENone (2022 £None)

9 OBLIGATIONS AND COMMITMENTS

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CAPITALCOMMITMENTS sss
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Contracted for but not provided: 31 August 2024 £ None, (31 August 2023 £ None)

10 RELATED PARTY TRANSACTIONS

No related party transactions took place in the year.

11 TAXATION

The charity is exempt from corporation tax on its charitable activities.

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12
CASH FLOW STATEMENT
Cash flow statement
2023/24 2022/23
£ £
Cash generated from operatingactivities:
Netcashprovidedby(usedin)operating activities 200,633 (112,940) Table 1
Cash flows from other sources:
Interest from investments 12,457 11,323
213,090 (101,617)
Application ofcash:
Purchase ofproperty, plantand equipment (13,485) (21,853)
Purchase of investments - ~
Repayments of borrowing - -
(13,485) (21,853)
Net increase/(decrease) incash: 199,605 (123,471)
Cash atbank and in hand less overdrafts at the beginning ofthe 458,443 581,914 Table 2
Cash at bankand in hand less overdrafts at end oftheyear 658,049 458.443
Table 1: Reconciliation ofnet income/(expenditure) to net cash
flowfrom operating activities
2023/24 2022/23
£ £
Net income/(expenditure) (as perthe statement offinancial acti 168,299 (129,476)
Adjustments for:
Depreciation charges 35,014 35,493
Interestfrom investments (12,457) (11,323)
Loss/(profit) on the sale of fixed assets 4217
({Increase)/decrease in debtors 4,291 3,954
increase/(decrease) in creditors 5,486 (15,805)
Netcash provided by (used in) operating activities 200,633 (112,940)
Table 2: Analysis ofcash at bankand in hand lessoverdrafts
2023/24 2022/23
£ £
Cash at bank and inhand atthe beginning ofthe year 458,443 581,914
Overdrafts included in bank loans and overdrafts falling due
within one year - -
458,443 581,914

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13 UNRESTRICTED AND RESTRICTED FUNDS, AND FUND MOVEMENTS

At 31 August 2023 Movements in At 31 August 2024
£ = £
General Funds 501,055 (71,506) 429,550
Designated Funds 315,712 187,680 503,392
Restricted Funds At 31 August 2023 Movements in At 31 August 2024
. £ £
Riverside Money Advice 43,941 56,730 100,671
Free advice service
Riverside Performing Arts 56,281 (13,125) 43,157
Christian drama group
Pineapple Youth Project 5.311 (2,239) 3,072
Youth work on the Pineapple Estate
Restricted Funds 1,264 1,829 3,093
Small gifts to missionaries
Riverside Pantry 13,903 8,929 22,832
Food pantry service
Total

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at 31 August 2024 are represented by:

Unrestricted Restricted
funds Funds Total
£ £ E
Fixed Assets 457 884 0 457,884
Other net assets 14,610 5,183 19,794
Cash 484 286 173,764 658,050
Liabilities (23,838) (6,123) (29,961)
932,942 172,825 1,105,767

15 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.

16 CONTROL

There was no controlling party during the year.

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