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2021-03-31-accounts

Charity number: 1099595

River of Life Ministry

Trustees' report and financial statements

for the year ended 31 March 2021

River of Life Ministry

Contents

Page
Legal and administrative information 1
Trustees report 2 - 4
Independent examiners' report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 12

River of Life Ministry

Legal and administrative information

Charity number 1099595
Registered office 2 Tarragon Gardens
Birmingham
West Midlands
B31 5HU
Trustees Cassandra Dockery-Pirouzi
Mikael Axelsson
Salako Adedamola
Secretary Mrs Pamela Aggrey
Accountants Yevs & Co
Yevs House
130 Cape Hill
Smethwick
West Midlands
Bankers Barclays Bank Plc
3RD Floor , Westgrove House
38- 40 Hagley Road
Edgbaston
Birmingham B16 8PE

River of Life Ministry

Report of the trustees

for the year ended 31 March 2021

The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees who served during the year and up to the date of this report are set out on page 1.

Structure, governance and management

(1) We had three national lockdowns, which prevented our congregation from meeting. This also hindered a section of offerings/funds coming in. Preventing us from paying our minister a regular monthly wage. In addition, the disruption caused difficulties in church administration and bookkeeping.

(9) The lockdown also gave us the opportunity to set up a YouTube Channel (January 2021) administrated by Phillip Chapita, to reach not only our members who were in isolation, but this channel also allowed us to keep in touch with those who support the ministry in and outside the UK.

Objectives and activities

  1. To Advance the Christian Faith in accordance with the Statement of Beliefs appearing in the Schedule hereto in Sandwell and the surrounding area and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the work of the charity.

  2. To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.

Achievements and performance

Financial review

River of Life Ministry

Report of the trustees for the year ended 31 March 2021

Plans for future periods

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

River of Life Ministry

Report of the trustees for the year ended 31 March 2021

On behalf of the board

Mrs Pamela Aggrey Secretary

River of Life Ministry

Independent examiner's report to the trustees on the unaudited financial statements of River of Life Ministry.

I report on the accounts of River of Life Ministry for the year ended 31 March 2021 set out on pages 2 to 12.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

...........................................................

Sylvanus Dzotsi BA(Hons),FCCA ACCA

Independent examiner Yevs House 130 Cape Hill Smethwick

B66 4PH

River of Life Ministry

Statement of financial activities

For the year ended 31 March 2021

Unrestricted
Restricted
funds
funds
Notes
£
£
Incoming resources
Incoming resources from generating funds:
Voluntary income
2
29,902
6,203
Investment income
3
34
-
Other incoming resources
4
7
-
Total incoming resources
29,943
6,203
Resources expended
Staff costs
5
20,006
-
Establishment costs
4,140
-
Motor and travelling expenses
1,310
-
Missionary Giving
293
6,842
Professional-Bookkeeping
2,265
-
Telephone
282
-
General expenses
956
-
Printing,Postage & Stationery
-
-
Catering Expenses
15
-
Depreciation and impairment
586
-
Total resources expended
29,853
6,842
Total funds brought forward
3,252
-
Total funds carried forward
3,342
)
(639		 2021
Total
£
36,105
34
7
36,146
20,006
4,140
1,310
7,135
2,265
282
956
-
15
586
36,695
3,252
2,703		 2020
Total
£
32,802
-
-
32,802
21,600
4,846
4,859
98
-
297
2,690
92
142
5,130
39,754
10,203
3,251

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 8 to 12 form an integral part of these financial statements.

River of Life Ministry

Balance sheet as at 31 March 2021

Notes
Fixed assets
Tangible assets
7
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling
due within one year
9
Net current assets
Net assets
Funds
Restricted income funds
Unrestricted income funds
Total funds		 2021
£
£
2,339
5,399
704
6,103
)
(5,739
364
2,703
)
(639
3,342
2,703		 2020
£
£
2,925
-
1,172
1,172
)
(846
326
3,251
-
3,251
3,251		 2020
£
£
2,925
-
1,172
1,172
)
(846
326
3,251
-
3,251
3,251
3,251
-
3,251
3,251

The financial statements were approved by the trustees on and signed on its behalf by

Cassandra Dockery-Pirouzi Trustee

The notes on pages 8 to 12 form an integral part of these financial statements.

River of Life Ministry

Notes to financial statements for the year ended 31 March 2021

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

1.1. Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.

1.2. Cashflow

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.

1.3. Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.

Income from investments is included in the year in which it is receivable.

1.4. Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

River of Life Ministry

Notes to financial statements for the year ended 31 March 2021

1.5. Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

1.6. Defined contribution pension schemes

The pension costs charged in the financial statements represent the contribution payable by the charity during the year.

2. Voluntary income

Voluntary income
Unrestricted
Restricted
funds
funds
£
£
Offerings
160
-
Tithes
3,452
-
Other Donations
20,924
-
Gift Aid
5,366
-
Kenya Ophanage Donation
-
6,203
29,902
6,203		 2021
Total
£
160
3,452
20,924
5,366
6,203
36,105		 2020
Total
£
1,569
6,434
20,273
4,526
-
32,802

3. Investment income

Unrestricted
funds
£
Other interest receivable
34
34		 2021
Total
£
34
34		 2020
Total
£
-
-

4. Other incoming resources

Unrestricted
funds
£
Other income
7
7		 2021
Total
£
7
7		 2020
Total
£
-
-

River of Life Ministry

Notes to financial statements for the year ended 31 March 2021

5. Employees

Employment costs
Wages and salaries
Pension costs		 2021
£
19,210
796
20,006		 2020
£
20,804
796
21,600

The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:


Total		 Period
ended
2021
Number

2
2		 Period
ended
2020
Number
2
2

6. Pension costs

-The company operates a defined contribution pension scheme in respect of the Nest. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and was as follows:

follows:
2021 2020
£ £
Pension charge 796 796

River of Life Ministry

Notes to financial statements for the year ended 31 March 2021

Books, Books, Fixtures, Fixtures, Computer Computer Computer
7. Tangible fixed assets Music fittings and **Motor ** Equipment
& Library equipment vehicles Total
£ £ £ £ £
Cost
At 1 April 2020 and
At 31 March 2021 3,289 29,169 674 12,584 45,716
Depreciation
At 1 April 2020 788 28,747 674 12,583 42,792
Charge for the year 164 421 - - 585
At 31 March 2021 952 29,168 674 12,583 43,377
Net book values
At 31 March 2021 2,337 1 - 1 2,339
At 31 March 2020 2,501 422 - 1 2,924
8. Debtors
2021 2020
£ £
Trade debtors 5,399 -
9. Creditors: amounts falling due
within one year 2021 2020
£ £
Pension fund loan 850 55
Church Member Loan (200 ) (200 )
Other creditors 5,089 991
5,739 846
10. Unrestricted funds At At
1 April Incoming Outgoing 31 March
2020 resources resources 2021
£ £ £ £
Unrestricted Fund 3,252 29,943 )
(29,853		 3,342

River of Life Ministry

Notes to financial statements for the year ended 31 March 2021

11. Restricted funds At At
1 April Incoming Outgoing 31 March
2020 resources resources 2021
£ £ £ £
Description for Restricted Fund 1 - 6,203 (6,842 ) (639 )

River of Life Ministry

The following pages do not form part of the statutory accounts.

River of Life Ministry

Detailed statement of financial activities

For the year ended 31 March 2021

2021 2021 2020 2020
£ £ £ £
Incoming resources
Incoming resources from generating funds:
Voluntary income
Offerings 160 1,569
Tithes 3,452 6,434
Other Donations 20,924 20,273
Gift Aid 5,366 4,526
Kenya Ophanage Donation 6,203 -
36,105 32,802
Investment income
Other interest receivable 34 -
34 -
Total incoming resources from generating funds 36,139 32,802
Other incoming resources
Other income 7 -
7 -
Total incoming resources 36,146 32,802
Resources expended
Costs of generating funds:
Fundraising trading:
cost of goods sold and other costs

River of Life Ministry

Detailed statement of financial activities

For the year ended 31 March 2021

Charitable activities
Governance costs
Activities undertaken directly
Staff costs - Wages & salaries
Staff costs - Pension costs
Motor vehicle expenses
Professional -Bookkeeping
Missionary Giving
Telephone
General Expenses
Printing, Postage & Stationery
Canteen
Depreciation & impairment
Support costs
Support - Establishment - Light & heat
Support - Establishment - Repairs & maintenance
Total governance costs
Net incoming/(outgoing) resources for the year		 2021
£
19,210
796
1,310
2,265
7,134
282
958
-
15
586
32,556
1,702
2,438
4,140
36,696
)
(550		 2020
£
20,804
796
4,859
-
98
297
2,690
92
142
5,130
34,908
2,252
2,594
4,846
39,754
)
(6,952