London Riverside Church Report of the Trustees and Financial Statements for the Year Ended 31 December 2020 REGISTERED COMPANY NUMBER: 06590516 (England and Wales) REGISTERED CHARITY NUMBER: 1124475 Brindley mill Ltd 167 Turners Hill Chethunt Hertlordshye EN8 98H 'A4KEUCSO" 3011212021 COMPANIES HOUSE Alo
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Fin Report of the Trustees 3 to 13 Report of the Independenl A101$ 14 to 15 SlatsThnt of Fiwncaal ActNrbes 16 StatemBnt of Frria1 Posit•)n 17 10 18 Ststent of Cash 19 Notes to th• Fiffta Statements 20 to 31 Detsled Ststemenl of Finala1 Athitos 32 to 34 21Page
REPORT OF TRUSTEES- LONDON RIVERSIDE CHURCH STRATEGIC REPORT Or9anlsatlonal StNctsJr• Senlor L••d•r4hip Te¥m Spiritual leadership. overswJhl of ts arlivitses and fiAure diTectitsn and strategy of t chwch are in hands of a Senior Leadership Team whh cornprises the Lead Pastor and o B•4rd of OlTrEtsYs The organi5ation is maNg0d by the 8oard of Dwectors who. ¥rith one exceptions, rneet on a monthty b8srs and take derislons on financial matters and budgetiw. heatth arKI safety. legal matters. safeguardirKJ i8sues and goals pertaining to these matters. The ratio ol r#)rpsalaried 'reOr$ against salarwl Dirgctors is 4.2. OpEratlons The organisation has 12 paid fvn and part time staff that lead thelrwdrA)us departments and enjoy5 the support of some 200 plus volunteers who are accountable to Departnntal Leaders and ultirretety t Board. Oay to tjay operat%ms ol the church is in ihe hands of the fUltIMe MberS of the Sefv)r Ltadership Team uThJer the dirKth)n offv Lead Pastor. R•cNilment ¥nd appolntmenl of TNst••s & Dlr•cto The Tnjstees are set out on page 12 of these finanoal statemw The charity's Board ol Directors are invited to join Board baseé OTh their approprkite professional eXpernCe Jnd eommitmenl lo the church. The Trustees belleve that IhL5 approar w)sures that manawnent of t ¢hanty 1$ eXed by mgn and women ol appropriale skill sets wlKs are 'wshinrrS'. In 581Kting new Trustees, Iho Board seek lo tdwtify peo regrIY ltterwj ser¥K1S. even15 and aclivities of I ¢hurc anl also ]erStrnd anrj ap1 the bdiets. rm Val$. ettb)s arKI gera1 ¥isw of the thurth. Potential Truslees a invited lo attend a series of knjwship o)urses desig to fatse le•Jership aare$S within the ntext of Biblical wlnoples and teachry. New Tnjstees are prowded wrth and asked to read carefijlty cS of the Memo and Artic of ASsoaatTr. Lalest accounts. recent minutes and suitable Charty Comnisym guK1aru su¢ as CC10 Hallrnarks of a well-ruft Charity.. CC3 The essential Trustee and guidanr notes on The Advancernent ol Relhjion Icf the Publi¢ efit Quetrins are encouraged on these papers so that every Trustee is fvlly aw¥e of their responsknilities. R•lat•d Partl•s a. AM•mbli•s ot God UK This is the denomination that London RNeryde Churth beloroJs to. Assemblies of God 15 one ol the largesl main Pentec05tal deTh)minations in the UK. It has a membershtp of over 5(K) churches nationalty wrth many mrssion's expressions overseas. London Riverside Churth has teen affiliated to Assemblies ol Gj UK for over 70 years. Eath thurth in this d8n0minalln is QueSted lo donats 3% of Ihwr regular received offerings t"( to their natM)nal offi5 in Manch&sler. Each year Assemblr¢$ of God UK h¢Yd Ihwr amual c•nftrenrA in May-this year being online orty- and this was atteThJed by the Senior Leadership Team.
b. Evangollul Alllanc• London Riverside Church subscribes as a nmb lo thts group. Representing 4.000 Churc across 81 den0matiOnS includi Assemblies of Gad UK. they are the &rgesl and oFde5t iKMty representing lh¢ UK'S Iwo million evangelKal Christians assisting them lo listen to, and be heard by. the wJvernmw)l. melia and sooety. Objèctives and Actitthies The objectives of the company and are for the benefft of tr¢ and are sol oul M it5 Melrandurn of A550ciation as folkjws: a. To advance the Christkin tsh in acts)rdarKe wth Statemnt in ways aTrJ in SUL parts ofthB United 'ngdoM or Ihe workl as the Directors from time to bmÈ may ttrink fit b. To relieve sickness and finanaal hardship aThJ to pmmole and weservt go(J by the wovision ol fvnds. golS or ser(5 of any kind in¢luding through the prnwsb)n of o)unsdh"ng and in parts ol the United 'Irn or the world as the Directors frorn 'mtrlo-lirne think fit. c. To athanc• education in Such ways arul in suth parts of Unrteil or the worhl as Ihe Dire¢tors from lime to time may think Our aim. as il has been for the past 93 year& is (ffitin to prodaim the gNyJ news of the Gospel of Jesus Christ through our activfiies. lo a5Si5t belvers to deVep lh1 re4b"onship with Christ. to release them to reath Iheir God given potential and to mak8 a drfference in a worfd that is increa&nyty fxoken. We believe that our churth exisis primarity for as yet. non-mernbers and so our doors are open to aTry0 regardsS ol 1r ryT(JJmstsnce. Simpty wt. our purpde for bng in existeno is Tappd up in tyjr Ststenwnt of Purr4)se lch is: "To passlonatety fflnd. enlhuslastlealty dedare and dynarni¢alty showthe heart of God". is this a¢hi•w To pas$ionat•lyfind th• h•art of God Thi5 is DISCIPLESHIP- aLknthes and methods lo ltp peop wniRE in God. To enthuslastkally declare the heart ot God Thi5 is WORSHIP- services and a lifestyk to enrage ppIe to seek lo MAGNIFY God. It 1$ also OUTREACH- people taknng the Gospel MESSAGE outyt1e the walL% of the churth buikliThJ to • needy worfd. To dynaml¢ally show th• h••rt al God This is SERVING- peop giving out and Imng our a MINISTRY to hardthp. It is also COMMUNifY- Pe¢)p eniowng thw MEMBERSHIP ol ovr church. The way in whKh we ddNer this is in an exciting arKI fthlemwrary mannw and we desire 1¢ do tr4s wlh a split ol eXolnce, honour arKI generosity. r objectives ore set to refiect our faith arJ ow pass)n n1)JItra1 and mulbgwational h)cal communty and also our overseas related ministry invofvNnt. We work in partnership wilh other loral agenries for the Lnefft and iryrovement of our lom. Wrth high imrnvJration. rnany natnalitieS have made the ldOn Borough of Barking and Dagenham their home. This is rellethd in soTh 40 diffent nationalities represented in c4Jr ¢hureh. 4 IPage
Public B•nefft Al every Board meetiThJ. our Trustees wew our ¢Jbi8Ctsves and activities lo enre that they are consL%lent with our aims. In carrying out these reviews Ihe Truslees have con&dered the Charity CoMmisn'S general guidance on public benefft and in particular supplementary publK guidano on the 8dv8nement ol religion for publ benefft. The Trustees are confrfjent th with the vaW otour fflinislfi&S r&thng Out to all socio-economic strata of OUT town, coverlng ages from birth to senici& we ha¥e prowded benefft to the public #nd the thJTth through aclNibes aThJ have advanced the Christian faith. In n}Un¢tM wilh the guidance contoined in the Charity Commission's wKlance on pub&¢ befit thE Trustees have o)nctuded Ih•t.' 1. There is no detriment or hami arising a$ • result of ts aclpiitw. 2. The benefits are for publi 3. The church's ministry gNes tdentifiable chariiibfe tse5. 4. The churth's aims Conlin to be ovefall dwilable. Slral•gy, Perforniance aDd Achi•vements London RNersMle Chur¢h's ministry can be h)oked * two-lohtr.11) &ffthy 8ernrAs ¥ThJ othw nts and12> (xsmmunty 8th"vity. Sundays a Mldweek The strategy lor xhieving these obp(th¥es is to deliver Sundèy Wrs il Lond( RNersth Church a5 Wo11 as various meetings around Prayer and 8ible study or sf¢uab"onal ne8ds thrwghout the week. Our programme has extensNe provision for chih8ren, young people, young adutts. t elderty and those th speaal edutal needs and leaming difficJJllies. The J1)Me5 of this strategy a monilored by the Trustees meet on a regUr basi> The organisaknn has deveh)ped over reont yeats thrwjh a nuner of fwr rjynmunty fc¢used departments. and we now h8v¢ a Lirge number of agencies that we are in ¢onnecon with wob•Je irNahMbk asgstsnce aTrJ advKe aTr# will prolide support and resour¢es %¥henever possible to thange to a situation. Sunday SgNIu$ We hokj three Sunthy momiThJ services ol similar w(thii ortry Prathjl the09al texhing is prwdfjd whith is r¢bvant to everyday life. Wisiting speakers fvom dsewhere in the UK and abroad oa5)nallY preach for us. Chrisima5, Easter, Mother'5 and Falhgr's D8y setvices are exampks of servi$ Whi give speraffi¢ oFy>rtunities for p80ple to bring un¢hurched friends and families to experitrnce a chuT¢h seThKg and be inlormed at¥)Lrt the Chrisb"an faith.
Sunday Onlln• In March 2020. due to pandenK restn"th"ons. al8ptsb.( of the Sunday serviS were filmed for online viewing. As the exienl of the pandemic became cknrer, investrnent was made to improve the qualty of pr0dltIOn and SurK1ay Onliryd has now b8coff a regular addition to our Sunday in-person seN¢%s. 11 is availabLg on Ouf YouTube ¢annd and the free weekly audio podcasts ujntinue lo be available. acossed from our website. Communitythtivity We art invow in so mary exutiw actslibes soTh of wlh are ¢tsikd telow: Patyin the Pa We were Unats to ld this aftftU ert atterthd by 9) fflary from our o)mmwty. d to the pandemK restrictns. Apex Youth Ministry Ev8ry Friday nighl duriNJ school term lin Apex a Yjth programrT ¥ThJ tse nKJhts are lull ol communty young people many of whKh wwld bl on the thets if Ihi8 e¥enl not tske pL4ce. Iwroximatety 80 Uth regarty atteNI. In Mar¢h 2020. most ol Ihe youth minislry had to go online due to pandemic restricti. This meant that the"CultNate' Camp, held in Augusf. a150 had lo be cancelled. Desprtt these "InitI.0n$, y(w¥ peopls were st1 ab 10 8w with the onJiM af"vities and nnistry ia YouTube. Zoom and sooal media pLgtlorrns. Tona¢lous Kldz This event runs every SuNJay momirKJ whitsl all three Sunday mfyning services are takfftg pl. Kwjs up lo agg 11 attend aThJ receive relevant ago-relaled Mlstry. It is fun, and our children can't wail lo get into thts evw week. In March 2020, most of the kid5, millistry had to go Onli due to p3rNJeM reslrictions. This meant that the 'Tenaoous Goes Wild" kids camp, nomially held in the May haw-tem. al hY to be car11•y. Despite these lirnitabons. chldren were slill able to engage wrth the online actlwties and ministry via YtyJTube, Zoom and sotsal ptrom. Ten•clou$ on Wednesdays This kids club funs ery Wednesday evening for I1 of primary sdthl age. It i% a fvny(ed programme lul of mu&c, game& competiti'ons and a positive message. In Marth 2020. due to pafthrn rethclK)ns. Ténatsous M Wednesdays was to Z(yJm calls. Ten¥ciou$ Aftèr School A number ol chihlren are collected from kncal sthools ty our thIKated staff Ilw are walked to the thur¢h for a progrimme that helps them whilst warting for parenvguardons lo finish their workday. It rnns from 3-.)pM to 6.'(X)pm. Good rapwrt lakes pla teiween staff. thiljren and parents. Thi5 WOiECt is Ofstsj apwoved aThJ tee pwThJ. 8reaklast Club This is a pilot FlOPrt launched in OctotT whK prthides a happy and enrxwragiThJ emiironment for children vthose parents can drop them off on school days from 7'.30arn. Tly he the opportunty to breathsl befffe staff e5¢0rt them to one of the local schools. This proi•¢t is fee pan9. Both After Sthool and Breakfast Clvb provth great 0pPNtues to CneCt whuhed wple on a daily basis. Parents often visit the church after being involved th us in Ihese Pfoiects. Due to the limitations of pandemic restrictions. other local school-based after school provision and changing requirements of the parents. Tenacious After School and Breakfast Club have been closed for the foreseeable future. The L•ad•rship Team are Tesear¢hing xl rJ)nsd¢riNJ when and li fom these arib•S semng ¢hiKlren and families might reopen. Littl• Foolprifits- Par•nt 8 TdIti Grn¥p This wegkly group has been very popular wilh k1 paTent5 aThJ was increased to h¥0 SesonS per week in JaNary 2020. 11 provide$ the oprtunIty for parenls to meet up ar for thr tothjlers to er¥oy F4ayTrJ logelhBr in ¢yJr purpjse-buill kids care facilitie In IAoTth 2020, this actmty W lo remiin d058d due to parthrc lest1 but w1 r&)pen as soon lknemment giridanc allow& 6 IPage
Every tr40 weeks. a number of 5rn811 groups of all ages meet together in horn¢s or in the church ntre. G¢Jod fn'endships are buif¢, and relevant dis$$10 lo$0¢Y on Ihe appliCatn of the Sunday preachirwj lo everyday life tskes ptsrA. We consider this stralogy very Imp¢vtant as ihe thurch grows so that as many roop as tK>ssible can be pastoral cared for. In March 2020. due to pand8mK restrirAK)ns. groups had lo othe wr#J p1105 as Zoom, and tttis has proven to be very effe1Ve. Pastonl Can The thurd) has 3 Pasttsral Care department that has a number ol full and volunteer Staff that are part of this rnintsty of meeting vAlh people with challenges in life and also 5rtIng mary in their homes. We run a-Pastoral Surgery" where a person with particular needs equiring speuali5ed help can access ¥propriate SereS. ReferTals for this servKe from the P8stor81 ca Ten. As the impact of fv Pandern barne lJen( parliwlar straleps re adKirnd to prnwde speu"fi¢ care kn the ¥ld?rfy aThJ potentially isolaled. Athitionl pasloral care aTh1 support was Iso provided tr those in Ihe [11 profesg'ons on Ihè'trontbne. of dealing Mth the poThJemi¢. Ace LW• This is a speoalised pr(gramme that ha$ run ewry fortnryht lo help those writh leamirKJ diffiojlties. This hos tseme wdl known the town with approxinwtsty pJp from the (mm attending these gatherngs. In March 2020. due to pandeffl $triCtimS, this a¢bvity had to temp)rarily (kne. whith also meant thal the annual sidential"ACe Lile Weekend" could also not take pla(. Neverfheks& ¢onts(a has been maintsined ¥Hlh the atten(Jees where possible. Hop• Cours• This eourse offfjr5 for those who have Suffexed berlavemeni run in (•njunCn wth local undertakers. West and Coe. A group of up lo 12 peop will mert on a weekly basis lor 6 weeks for suptNt and lethirwJ. As from March 2020. due to paTr1em ie#rictions. course was not ab to in FArson, but peopk weTr assisled on an individual basi% instead. Mavlgats Cours• The course is made up of 5 wenir¥J sessK)ns and a tsy fetreal. it 8qWbS attendees lo de with lifq-conlrolling habits and assisls them to hart a course lo freedom of li¥iThJ. Due to par¥Jemk rtstrK#K)ns, it was not pwsible to Ihrs o)urse in 2020. Gmwlh Track This course was laUhed 18s1 year for peop Joining our cuTth 8ndlor who are newto the Christian faith. The fr wsions repeal every second month and rnn parallel to one of our Sunday serv In Mah 2020. due lo p4rvJerric reslri¢tKffis. this course had to be via Zoom whKh has proven to be very effE¢tNe. Othef acbvilies suth as vi&ls to I11 wmary and seLX)nthry and al5 for senKYS had to be slopped in March 2020 due lo pandemic restrictK)ns. Vamd actNities such as prfrmarriage counselling or"Polenlia15" younger youth leadership training courses were adapted lo run In online 5Pa(s. All are u)mmunrty minded am1 ¥th a heart lo bring ygnificant rthJnge and enhancenI to p80ple's INes.
So¢ialA¢tion In February 2020, the Soual Action departrnent was a(vated. As extent oflhe paTrJemTC becarne dear through March and Aprn, so this area ol communty in¥ofvement aCCerated and has been able lo meet the nJs of hundreds of househokjs throughout the course of the year. The Sodal AdK)n department s¢gks to wxlicalty share love ol Jesus. to offgr hope lo those faciThJ difficuthes. to sh)w dtgnity lo every person we ffle into fxjntsct with and lo provKle or (In1 pe(qAg towards orvjoiro support. This is more than a 'hand out.. but 'hand up,. This department collaborates with Ihe k¢al c•u1 Ind oUr extwnal agwes and is frjnded through suKessful grant applications, indiwdual donattons frorn Iufch members and the lund5. Stor• Clty The Store Cty food bank takes relwraJs from Ixal agenci8s * probides both ihe neissary f()d and ongoiTrJ S)port for those faung dIfficts.¢$. Baby Bank Working ckJsdy the foodbank r8fwrats, this pro1t spe(ifi¢alty p$ yowKJ farnles in need in our Cornm1ty. partularfy those with new-borns. CAP- Lib Skllls CAP- Life Skills is a frndly group that gNes the ¢fidenc¥ •nd dtriswJn-making skifls ty rwd to survr¥e life on a inctsme. This ¢oufse is run in partnership wrth chrisb.ans Agafft5t Poverty. Klds. Fun Bags In partnership with Tenacious Kth.'fun b•Js' ¥e 9n ryjl to farThlies are li¥ing in hoslels. fat)ng grief, or experiencin9 Other diffitw cumstances. They ire made up of toys and gaThs to the •Jes * geTrkn of the children in each indivithjal lamity. Special Fundraising Activities the House" (lfferfng This annual special offeriro. vthere 0p11 are cMknNJed to pfty. pkn and we. t(#)k plar on Sunday 18 October. We applate the heart and spirii ol genero&iy thal is shown by OUT churth mernter5. Pray•r In April 2020. due lo pandeffl re5trKIK)ns. ow perg)n pr•y•r m•lrtVJ$ swt¢hed lo an online platform where prayer lor both indbvidual and community needs took pLgce. Two May Pray•r Summlts took place in Janu¥y pwson) 8j September (lifie) respe¢tNety. Eaty TMIj, lunchtime and 8venKKJ prayer meeting5 were well attended. Misslons We contsrtue lo input in to Cort¢ameau NouwLt Inlemaboftal (CBNII, the church that we We imiolved in planting in Concarneau. Briitany. France. over 13 years ago. Our acttvty is fiMxJJ primarity on adership trdiniTrB and dtvelopmenl. Due to pandernK resiriction5. av¢nuBS of rniSSns arnl chwitable K)rk Bglarus, tl Middb East Asa were pui on h¢J. bul the churth leadership rernained in regular coniact
Volunteers Volunteers are an important resouro in both our church life and al the comrNnty wopcts we undertake. Currently we engage r 200 lunteers. These valuable rrrnbers of the church gNe their tim8 ano errgy every week to ensure all our activities are carrRd out with excellence. The process of joining our volunteer group Wins by atiendir#J our Growth Tra( u)UTse. These 4 sessions cover how we are structwed as a church and ajso help indmduals ioenbfy thwr skill& gifts arnl 8t4"lrties and ihen how they could be effectively deployed within the many departftnts that we have. Before they are thphjyed. those who would t¢ woring with children. young people and vuherable adults a approprkildy DBS dcked. This ensures that we maintsii wrreLt safeguarding Wcxre$. The achievement of obpcbves is monitN•d thrrM4h rewkr nSuttatn. Prwame5 are regurtY reviewed, and outcomes measured against past achvements ar prewousty sel t¥gets. The major risks as tdenbfied by the Trustees habE been rewewd and syst•ms and prc¢thrns hav8 ben estsbfv.shed to manage those Tisks. This is especialty in aTras of saleguarthn9, Wtth & saW and finar tsre polws are regularty miewed uOated. Leadership After the appointment ol a new Lead Pastor in Octob8r 2019. It Swmor Leadership Team and wthr Lea08rship Team wont through per#)d of iyJnsolidats'on ind r8¢alibralK)n Ai 2020, prwriNJ to ad the thurch into the nexl season of growih and ministry. TTrinin9 a DI19PMt In person training opportunrties were limfted due to thè pan¢knK ffjstridths, but stsff attended online sesSn$ of th8 Thrive Conf¢rence (June) and AOG Conferw Iocloberl. Staff and volunteer aderS a150 attend speofic trairMrrfJ days >JittsJ lo thwr are4 of fesponsibilrfy arnj the wkly staff meetings regularfy indudg leadership training. Key Perfomian¢¢ Indlcators The key perfom4nce indicator5 Used by the TTU5tee5 are as follow5: - The number of people attending Sunday servTrrs and Var$ afJwits a meetty& - The number of youth and children attendiThJ our aThJ TarAOu5 projects: - The number. Iralning and performance of volunteers- - The numbef of people who commit their I$S lo follfm J - The amount ol tithes. offerings and gfft donatwJns- - The numbef of PEDe thal sn up lor Grfl A¥J: - The cost efficiew of operatnS. Risk Mana9•m•nt The Trustees activety review the major risks which the organi5all facs on a regular basts and have drawn up a risk matrix which identifies the maff>r risks. the likelihood of the risks ham)en1 and the measu$ laken to manage them. Tl Trusteès remew this risk matrsx regularty at their rretiro& The Trust are uti5fd that systerns are in tlace. or arrallgemenls are in hand. to manage tl nsks that have been identifiejj. Adequate insurance cover is in pla(. Ppprowi•le DisdD5ure •nJ Barring ServKe IOBSI che¢ki supported by regukrty remewed polici8$ are made for all who work with thildren. youth aTrJ otsr vulnerable grwps wrthin the churth and all ils actNitI8s. Vnd¢r the Heèlh and Safety al Wfxk all stsff undLYgo an Ind1 course and apwoprth training. Emphasis is plac*d on heahh and salEty prtuthre& risks in the work[da and lrfbng and harNJlng. The thwch 15 complrant with the Focrfl Safety RegulatKJn Acl of 1995, 9 IPag¢
which a¢e$ enwhasis on fDc¥J hygien8 and eMronThnlal heaAh. The key dCk$ th8 temperature of thilled food and cool cabinets ano relrigerators, temperatures fflainiained aThJ prexribed in this The tharity has set up a tsbrlc ofacwjnting. reix)rding and intem•l o)ntrols ovèr rordIrj in o)Mection wth income, expeThJiture, assets and liabilities. A repwt i% wesented rTh)nthPy al the Btsa meeling ar¥J at year end thp FIn81 Statements are aalled. Flnancial Review The charity reIded an excess income over expendiéure for IP year of £27.464 (2019.. £7,228. Londm Rr¥erside Chwth managernenl ave implemented robust budgetary controLs and Contin to monitor costs in an effort to effeth.vely and effioenlly lund the activrties ol the churth. In¢oming RerGe5- The total income for the year uThJer wew was £715.2 (2019.. £.919 This represents a reduction in incorr of 10.2Vh on tsst year's income. Inu)me from b"thes. offeriros donatk)ns represent 63% of the lotsl income. The "I the House" incorne, lld on the 13th Odober. was £61.107 p•nditsr•- Th8 total 8xp8ndrtuTr tr the year was £687.772 (2019.. £783.691). This represents a redurlion of 12.24% on previous yearfs expendi¢ure. 86% 01 our OPBr¥tv)nal upfjThliture was spenl on direct thtable acliwlie& may be notsd that t thanty avaiknd itsdf of Gowmrrtht Cwyvirus Job Retenivn se Ifurloughl lor some of 115 employees ring 2020. Reserves Policy The organisalion endeavours lo maintain suffioenl Fw ReseThes lo always Ix>ver rts liabditS and o)mmitmnts. Lon(tr&n Riverside Church's reserves policy aims lo ensure that Ihe organisation can maximise the value of ils Inrne without incurring unnecessary risk. The general reserves Provide a ve1 ol protection lo LoThJon RNerside Churth to mrtigale against changiNJ financ•1 orcumslances, such as a downlurn in inD)me or unschedubj addib"ortal expeThJitwo. The policy 15 to IK)Id enough lunds to rreel Ilrn rTh)nths' operatiry costs of thurth. exduding propd ¢05ts and Oth communty activities, costs. Frae R•sor¥es In calculatir¥J the free reserve, the Trustees restrict&J speual donatioTr'l ? The House. offerings tow¥ds the bu14ng projed 8nd the value ol the church building indling the Manse is shown in th8 accotsnts. This leaves a fr res¥rve as at 31¥ December 2020 of £192,774 The policy is review&J in a strategK D)ntsxt annualty, aiming at establishujg an appropriate level of general reserve5 to meet potfjntial short to modiurn lerm neods. Restrltted ResoThas The lotsl re5tricaed reserves at 31. Drnber 2020 were £1.088.51612019: £1.039.281}. Investmenl Policy JI fvnds We held in sh on dewsit Of Mi Interest beamg wrert a¢(x*unts. The ch8rity has no long-term investments. other than the Manse. Our ta5h Ttser¥e$ are held in a high interest-bearing deposit bank account. The interest earned 15 con&dered as a grft of the UK banking system and this supplements the ¢ommunity work that the tharity uNlertakes. 10 IPage
Pay and Remuneration Stsff salaries ar8 sel and agreed uF¥)n by the rn)n-paKI member5 of Il Board ol Dir¢¢tors IlOn9 annual performanc¢ reviews with stsff by Line Managers. The Lead Pastor. who is overall respJn&ble for the staff. is present when discussions tske ace regarding salary reviews as he is in day-l04ay ntact with staff, L¥Jt is t pret wn their own salary is revitred and has rn ififluee over their own salary level. Going Coneem Based on forecast, projethons ano perf0rrnar of th? dwity. the Board of Trustees is ofth8 Opini Lrt0Th Church has adequate resources to conts'nue in Operation 8$tence lor tr* foreseeable fulure. Plans for the Future The organIsatn will th'nue work to a(lieve C4Jre e5 as the TrueBS see fft. As delaited above. the churth programrne, u)nMnuThty a¢tNty, social aCtfi iOeMent missK)ns' sirategy wil continue to be devdoped and inplemenled in the o)miNJ year.
REFERENCE AND ADMINISTRATIVE DETAILS Reglster•d offi¢e London Riverside Church Parsloes Avenue Dagenham RM9 5PT TnJst••s Rev. Dr G A Ilheeler Mr M Overare Mr B W Gebru Mr W Okello Mrs C R Gumbili-zimuto comp Seetsry Mr M Overar8 Auditors Brindley mill Ltd 167 Tum8rs Flll Cheshunl Hertfordshire EN8 9BH BaerS The Royal Bank of Scolw(I Romford Branch 3-5 Western Road Essex RM13JL 12 IPage
STATEMENT OF TRUSTEES RESPONSIBILITIES The Truslets Iwho are also the Dtre¢tors of London RNewside Church for the purposes of eompany law} ale responsible I preparing the R8POrt ol the TnJsle8s and the linan¢r41 stalemenls in accOrdare with law and Unrted ngdorn Ac¢ounling Stsndards (United Kingdom Generally Accepted Acc4Junting Praclice). incknJirvJ Fina41 Rep)rb"ry Sta 102 Financaal Reporting Standard appjicabje in Ihe UK and RepublK ol IreLind". Company18w fequires the Truslees lo prepare finanaal statements for each finanoal year gNe a true and fair wew of the slate of affairs ol the charitable company and of the iroxjming resources arK1 appli(ation of soulf. induding the Income and expenditure, of the thatab company that peritid. In preparing Ihose Stateryts. the Trustees are required to- select suitabl• accountir#J polioes and appty them observe the rnethcdjs and prinupkn In th? Charty SORP: m•ke juth3ements arKI eslimates that ¥e reasonabl¢ and prudent: proparg the ¥r•1 statements on wing C(rf basis wdess it i% inapproprith lo psUMe that the bjyness will njg. The Trustees are responsible for keepj proper accountiry records whif disdose wilh reasonJle acr9¢Y al any time the finanoal p)sition of the tharitable company and lo )le them to ensure that the finanrial StatemtS comply th the Companies Acl 2006. They are also responsible for safeguarding Ihe assets of the charitsble Company and herKe for takirrfJ reasonable steps I the wevention and deteth.on of fraud and other irregularities. In so far as the Trustees are aware: - there is no relevant audrt informatKJn of which chantable corrynls alOIS are unaware.. and - the Trustees have taken steps that tw ought lo have tak lo make tlwsohes aw¥e ol iny r8fe¥ant at infomation and to establish that the auditors are aware ol that infonnation. AUDITORS The audf(OT5. Brindley Millen Ltd, wil be proposed for re-Jppointfflent at the forthu)ming Annual General Meeting. Report of the Trustees, incorporating a strateg repA)rt. apyoved by Order ol the Board of Trustees. as the rp)mpany Directors. on ..Dec.2L2021........ ....... yJned on thè Ard'S behalf by.. IAr Marbn Overare Trustee 13 IPage
Oplnljn We have 8jIted the financtal statents of London RNorside Church (the 'charitable ¢ompany'l lor year ended 31 Dernber 2020 which ¢ompri5e the Stslemwt of Finanoal Actmties. the StaiemeTrt of Finarrial Position. the Statement ol Cash Flows and notes to the finan(#al siatements. iThJudirrfJ a summary of5ignifiL¥nlaCuntin9 polityes_ The financial reportlng framework that has been applied in their preparatn is aP1(able law and United Kingdom Accounting Standard5 Iuniled Kingtlom Gener811y A(pted Accounting P1aCbl, Iling Financial Rep)rting Stsndard 102 The Financial Reporting Standard applNble in the UK and Reput4ic of Iland,. In our opinion the financkll statements: give a true and fair view of state of Ihe dwriiabk Companls affairs as al 31 Dmber 2020 aThJ of its ino)ming resources and applicathjn of resour4 induding its in(x)me and expendf(ure. for the year then ended: have been Property prepared in aruxdance th Unrfed .00M Generally Actepted A¢c¥)unting Practice. induding Financkll Reporting Stsndard 102 The FinarKial ReportiNJ StaThJaTd applicable in the UK Repubh'c of IlInd,. and have toen prepared in 1rdae requir1$ of the compan Art 2(6. Ba$S$ for •plnlon We conducted our audit in a¢())rda Intemational Standarfs on AJJJitirKJ (UK) {ISls {UKII and app1Kab law. Our re5pon5ibililies under those standards are fvrthèr desCrid •i the AJJditors' res[nbilitieS for the audit of the financièl ststements section of our rert. We are indeperKJent of the tharitable rnpany in accordance the ethical requirements that are levant to our audit of the finanfial StalentS in Ihe UK induding the FRC'S Ethi1 Standard. and we have fu1110d r other ethical responsibilities in accordance vlith these requitement& We w.eve Ihal the audit evidence we have ob¢wned is suffiaent and appropriate to promde a bass for rMJr opinw)n. Con¢luslon$ r•latln9 to golng ncern In athyiiing the financial statements. we have (YJnded tru5tees' use of gong nn bags ol accounting in the eparatn ol the nan(JaI statements is appmpriate. Based on the work wff have perfomed. wt have Klenlified any material unrtaInlS relating to evwtts or conditions that. individually or colthtNely. may cast significant doubt on the charitsble corryany's ability lo continue as a going Inrn for a period of at least Iwehfe month5 from when the financial stslerrtnts are authorised for issue. Our responlmIrt and the sponbillS of trusts8S With fesp&t lo goiNJ conrn are dest¥ed in the relevant sections of this reporL Other Infonnatlon The Iruslees are responsible for the other fnfomiation. The other inforniatn coThprises the infom)aUon Incjuded in tts Annual Report, othtr than the finanoal statsnnls and our Report of the IndenI Audrtors thern. Our opinKJn on the fina#81 statements thes not f•)ver other inforrnan an¢ ex(pt to the extent otherwise expli¢itty slated in our ret)rt. we do not express ary lorm ol as9JrarKe ndUsTr thereon. In connefAion wrth our audbl of the finonfiaj Strts. ow rw(ANbthty is to read (thr In1(matn and. in doing so. consider vthether the olher infonnation is materialiv IOnSi$lent vAih the finanrAal statements or our knoedge obtained in the audit or otherwise appears to be materially rnisst•tsd. If we Id1 material in(J)nsi5tencies OT apparent material rnisstatements. we are required to determine whether this gi¥es rise to a terial misstatement in the flnanryal statemenls themselves. If, baseo on the we have tYf(NTr. we that there is a material misstalemwjl ol this other information. we are required lo rert thal fact. We have notn9 lo reFort in ihis regard. Mattern on whlch we ar• rnqulredlo weprt by •x¢epOon We have nothing to feport in res ol the following rnatters Whe fv CN4ribes (Accounts and RerN)rts} Re9ulations 2008 requires us to rewrt lo you if, in our OFinion.' the informalvjn given in the Report ol the Trustees is irwnsistent in why material resm with the fiMnu81 stalemenls,. or the Charrtable company has nol kept adequate accounting rewrds". or the fmncKal statements are in 4reemwrt *ith the %Utir reDJrds and retwn5', or 14 IPag8
we have recebved all the utsmalJn and explanation5 we rewire for ow Respon$lb115tl•s •f tsuslms As explained mcfje fvlly in the Ststwnefil ol Trustees, Responybilitie& the trustees (W are also the directors of the charf(able ¢ompany for the purFose5 of comparry lawl are responsible for the preparalK)n of the financial statements and for being $8b"sfie(J that Ihey gNe a tr aTrd fair view. and for such intemal control as the trustees detem)ine is necessary lo enable the preparation of knial stemwts that are free from rnaterial rnisstatement. whether due to fraud or error. In preparing the lrat stsl¢ments. the tTUStees are Tesponsible fDr assessing the ctrorrtat4e CA)mpany's ability to Continue as a going CO1M, disdoyng, as appIab. mters reLgted l¢ 90irrfJ concern an(J u&ng the going ¢oncem basis of accountiThJ unless the trustees either irrterwj lo liquthte Il ¢l•aritsbl• company or to cease operatM)ns. or have Tr) realistic aliemalNe to do so. Our responsibilities for the audrt of the fina#81 starnents We have been appointed a5 auditors under Seclion 144 of the Charibes Act 2011 reihNt in ard th the A¢t and levant wulations rnade or ha¥mg effe¢A theUl¥Jer. Our objectives I to obtain rgasonable assurance ab)ul thether the finarKHI ststements as a Who are Iree from rnalerial mis5talem¢nt, whether due to fraud or error. and lo w a Repjrt ol the Indepen(Jent Auditors th iludeS our opinion. Rgag)nabk assurarKg is a high level of assurance, but is not a guarantee that an audit conducted in accordarKe with ISA5 (UK) will aayS detect a material misslalement wh8n rt exists. Misstatements arise from fraud or error and aTe considered rnalerial if, IndidUallY or in thB aggregate, they could reasonably be expecled to infhJenc£ the economic dslon$ ol users tsken on the basis of these financol Stslements. Irregularities, including fraLK1. are instar¢ces of non-cornpliarKe laws and reguklK)ns. We de>gn procedures in line with our re¥nbIrt$. outliied above. to detect material misslaternents in respect of IrregularitS. induding fraJ. The extent lo which our prdre5 a ¢b of detecting irregularrties, iKluJing fraud is detailed bebw: We obtained an understanding ol the kgal ar rngulatory framworks that are appIable to the charity and deterrnined that the most significant are those covered by the Statemeftl of Recornmeth1ed Practic for CharrtYè5 {SORP 20191 and the Charitie5 Art 2011. We assessed ihe risk of material misststement in respect ol fraud by making eThJuiries of management and trustetts and by le5tirvJ the irnFAenwtatiM ofattwitsNJ )ntrOL$ in pla. Based on the resuffs ol our risk asseSsnt we dey9rwd our audit pr¢edureS lo m1enb.fy non-compliarte with such laws and regulat)ns identified above by rnakro enquiries key personnel antt rewvwing rel8vanl documenialion wch as minutes of Tfustee meeb'ros and correspondence with regulat&ry t4)die& We cOnsJed the risk of fvaud through management override by incorporath)n testing of journal enlries and rwewring any reqvirements to meBt perfomianc targets. We also con&dered. and tested for. Ihe Fossibilty of vnauthoiised payments to rejated partie& A furthw d8xriptKin of our responsibilbes lor the auijt of the fmanrial statements 15 lOted on the Financtsl Reporting Councifs webyte al wvW.fr¢tyg.ukJajitoI8$pQnsIbII1> This (kstriptKn lorn part of our Report ol the IndewTrJent Auditors. Use of our report This port is made solety to Il ¢aritsbkg eornparry's Irust8e5. as a tth. in acxrda wf¢h Part 4 of the Charities (Accounts and Reports) Re91j$ 2008. Our audié work has been undertaken so that we might stale lo the charitable company's trustees those tter5 are required lo slate to them in #n ¥uditors' report and for no other purpose. To the fvlbt extent perniitted by w. we do r¥)t accept or assun responsibility to anyone Ottrr than the tharitab5e conyny and the charitable CrAtty'S trustees as a body, for our audf( work, for this report. or for the opinions we have formed. 15 IPage
Brindley Millen Ltd Eligibl• to act as an auditor in tems of SeLlin 1212 of the Cryanies Acl 2[ 167 Turners Hill Cheshunl HertfordshirB EN8 98H Dec 21. 2021 16 IPage
31.12.20 Tolal thjnds 31.12.19 Totsl lunds UnrestrKted lund Restittql Endowment fvnd fvnd Notes INCOME AND ENDOWMENTS FROM Donatn$ and legacaes $93,394 71.235 645.881 Charflabl• actl¥ltles General Funds 17,740 17.740 109,624 Other trading aCtlt*S Irwesimwl income 32.862 35,397 17 T•tsl 644.11 T1235 715,236 T90.919 EXPENDITURE ON Raing funds 3,499 3.499 9.700 Cl+arltthle actlvlll•$ General Fun¢ts 5T0.136 22.C(Kl 592,136 608,546 92.137 Totsl 665.TT2 687,T72 783,691 NET INCOMEIIEXPENOITURE) (21.7T1) 49235 27,464 7.228 RECONCILIATION OF FUNDS Total fund$ browght fonv 214.545 1.039281 1282.550 2.536.376 2,529.148 TOTAL FUNDS CARRIED FORWARD 192 7T4 a16 2.536 376 notes part ofthese finarKial slaternents 17 IPa9e
n Ri ment ol Fin al 31.1220 Total hJn05 31.12.19 Total funds unreslrKt Re5trict•J EThJowrw)t hjnd fund fvnd Notes FIXED ASSETS Tangible assets 14 166,222 2.407.065 1.282.550 3.855,837 3,667.C6 CURRENT ASss Deblors Cash al bank and in haNI 15 47.1e6 10.128 57,294 ).055 28.845 107,349 79,183 ¢REDtfoRS Amounts falling one year 16 I24.> (44.459) 168.787) 127.3941 NEf CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIA8ILITIE$ 192.774 2.419.095 1,282,$9) 3.694,419 3,918.855 CREDITORS Atrv)unts falling due after more than one year 17 (1.3NJ.579) (1,WJ.579) 11,382.4791 NET ASSETS 192.774 1.088.$16 2 536 376 FUNDS Unrestricted funds.. General hjnd Re5trided funds". Restricted Fund - Bulkj9 EndOwffnl funds". Endowment - Man$8 19 192.774 214.545 1,068,516 1.039,281 1282.550 1.282.550 TOTAL FiINDS The charitable compry is entitbj lo exerW from 11 uThJer Section 47T of the CompaThes Act 21x6 for the year ended 31 Decmber 2020. ThB memb•rs have rK)t deted notK. pursuanl to Wion 476 of the Companie5 Ad 2006 requirir4J an audit ol tse financial statemwts. notes t(¥rn prt ofthese final1 trnts 18 IPage
Sta an rnber The Iruslees acknowledge thwr Tesp(Ktsibilitps for lal ensuring that the charitsble o)rnpany keeps actwnb.ry records that C(pty wrth Sections 386 and 387 of thE Companies Act 2006 and preparing finanoal staternents whKh gve a tn aTrJ fa¥ view of the 51ate of affairs of the ¢haritsbk ¢ompany as * the end ol each financial year and of rts surplus or defiot for eath finanoal year in wilh the requirerrvènts ol Sections 394 395 and whic olhwise cornply with the requsrpmen15 01 Companie5 A¢i 2006 ¥daling lo finanaal statements. so tar as applicabl8 to the LIritsb Lx)mw. Ibl Dec 21, 2021 The financial statements were approv&J by Board of Truste85 and wilSed for issue on ................. ........................... aNI were stgned on its behalf by. Mr M (erare- Trustse The notes foTh part of these fina1 ststew*nts 19 IPage
state sh Fh) Y arEnd mber 2 31.12.20 31.12.19 Notes Cash flows froffl operntlng a¢tlvlt Cash erlated Irom operalh)ns Interest paid 21 148.042 70.065 92,488 3.194 Net cash provided ty operating actMIs Cash flow$ from InvestlNJ a¢llvW•s Purchase of tangible fixed assets Nel gains on property revaluatior Interest Receive (4,872) {58.0921 17 N8t cash used in irN¢Stir4J adiwts Cash floslrorn Ilfft•n¢lrwJ aetl¥ltl•s New Loans in the year Loan repayment in the year S1 chgO kn cash and ¢ash 9qu5va1ts In lh• r•portSng period Cash and cash •qul¥alonts atth¢ traglftftthg of the rtrportlng perlod 21.210 179.0271 28.845 C•sh and eish equ4w•lents •t lh• eftd of th• r•porting period 50.055 The notes fom part of these fina111 teTh*nls 20 IPage
N testoth ial Stste ccoupinNG POLICS B•si$ of pr•p•rfng the ffinin¢ial slatemnts The finanrial slalements ofthe thartsb o)mpary. is a wblic benefrt enbty under FRS 102. have been prepared in accordance with Charities SORP IFRS 102)'P¢cA)unling and Rew)rting by Charils.' Slalemenl of Rec¥)rnmended Practice applKable lo ¢harities prnparing their accounts in accordance with the FinarKral Reporting Slarnlard applicable n the UK aThJ Republicof IreLind {FRS 1021 lelleclive 1 January 20191,, Finan(ial Reporting Stsndard 102 The Financral Reporting Standard appli¢abk in the UK and Republicof IaJ, aThl the corr$ I26. The firsan¢ial ststefflents have been Prepared under the histor1 rnsl conwnb"on. In¢or•• I Income is cogniSed in Ihe Stalement of Firwi¢i A(xN1e5 ort the has enliuement to the fvnds, it is probable that the inc£Kne be re(Ned and the arnunl can be measur1 rdiabty. Expenditure Liatr#lrties are recognised a5 eXpendire as soon as there is a legal cf oblvJaliDn comrnith'ng the charity lo that expenditure, rt is probaNe that a transfer ol economK fitS 11 be reQuid in settlement and the amount of the obligation can be measured reliab. ExFeTrJiture is accounted for on an accruals basis and has been classified uTh4ef headings that aggregate all cost rekted to the catwry. lthere costs cannot be directly attributed to parb"¢ular headings. they have been albrAted to actrvits on a basis consistent with the use ol SoUrC$ Grants offered subject to ¢rmdos wlith been met attt year4ThJ dats arn noted as 8 Cobrthitment but not accrued as expenditure. Tangibl• flx•d ass•ts Depreoation Is pro¥ided at the folk)wing annual rale5 in order to write off asset over its esbmated useful lrfe. Tan ible Flxed Ass•ts Corn terE ui ment Office E rnent Musical E ment FixluT85 8 Frttin Motor Vehides Freefv)Id LaThJ & 8uJi 4 Years on stra. 5 Years on strai S Years on Slrai 10 Years on strai 5 Years on slrni Non- hl line basis with nl Tesidual value hl line basis wrth nil reydual value M line with nil resdual value ht line ith nil residul value ht line wth nil resiLlual value Asset Taxailon The tharity is exempl from rA¥pOratI( tax on its rtsitable athil. O•btors Trade and oiher debtors are rnl at the settknient ThunL Prep&Ynts are ¥aj at the amount prepahl C•sh at Bank and in Hand Cash at bank and in hand inckth$ cash. rren1 bank aco)urrts and deF4)Sit bank a¢counts with withdrawal limitslions. Debtors Trade aTrS other debtors are recognEed #t seltlenwnl 0nt. epaY15 ¥e valued at the amount prepaid Cash at Bank •nd Sn Hand Cash al bank and in hand indudes rash. bk accounts aThl dEt bank accounts with no withdrawal lirnitslions 21 IPage
N testo ncial Sla for the Y r Ended 3 Cndito Creditors are refX)gThzed where Ihg tharty has a psent oblbaation resulting from a past e¥nt that wil resul in transfer of funds lo a third party and ts affunt due to sdtb Obligat be Thasure reliably. Creditors are recognvzed at their Settrnent value P•n$k+n ¢osts and •th•rposl4•Yrnm•nl b•n•llts The charty operates a defined benefit s(thme. CmlrlJutw)ns payable to the ¢horits pens¢on scheme are charpj lo the Slatsnnt of Finwal the perd to th tW relth. FlnarKlal Inslrnmonts The charity onty has ffinalI1 assets and fina131 liaknlits of a kiThJ Ihal qualfy as baw fina131 instruments. Bay¢ ffinancial instruments are initialty Settl at transaction value aTrJ gjbsequenty measured al their setheTrnt value with èxception ol bank knans vthich are subsequfft Mgjred at ank)rt0 cost usir¥J the effect¢ terest method. Fund ac¢•untlng uMeStrted lunds ¢8n be used in attaan wth the tharitable obpttNes at the discretion of the trustees. Reslitted funds tan onty be used for porti1¥ restrhaed purwses wthin the obJ¢¢ts ol the tharty. Restrictions arise en specified by the ¢knty or when lunts are raised lor partDJLir restricted purposes. Furthlr explanalitsn of nabJre and puryJs• of ld i% irKluded in the noles to the fmancial statsrnents. Hlr• pur¢has• and haslng Mmmtlm•nts Rentls paid under op¢rats"ftg lease5 are faryed lo Ststw*rt of Fr131 Athib•s on a straight-tirA bags over the period of the lease. ¢onlinued... 22 IPage
Notes h Y rEnded31 lem CA)nti be DONATIONS AND LEGKIES 31.12.20 31.12.19 Tlthes- Church Olf8¥irys HMRC JRSC Gift Aid Grants Community Lile Building Fund 45T,T83 525 38,175 88289 18.750 453,014 10.310 93.878 2,250 3,113 83.316 Gitt Pid re¥¢d, induded the above. are as k4h)ws: 31.12.20 31.12.19 Gift fvid OTHER TRADING ACTMTIES 31.12.20 31.12.19 Book Saks Events Rental Incorr Other Income The Source Youih Sabs 505 662 14,400 7,571 11,437 822 4,617 14.4C(I 13,805 35.397 INVESTMEMT INCOME 31.12.20 31.12.19 Inleresi RKei¥ed 17 ¢onlinu8d... 23 IPage
rch r En INCOME FROM CHARAlLE ACTIVMES 31.12.20 31.12.19 Actmty General Fu Gfftral Furyts ApBX Tenxious d$ Ten&ious Mls Care Aft¢r School Tenxious on Wednesday 410 35,780 6.650 Gernral Furts Gra1 FurKIs 15.412 66.707 RAISING FUMDS Oth•rtr•dkn4 adlvltlos 31.1220 31.12.19 The sour Centre 3.499 CIIARITABLE ACTIWYIES COSTS Support costs {see note 91 DiTed Cos Totals Genpnl Funds 133.671 592.136 Continued... 24 1 Page
h Yéar Ende SUPPORT COSTS Managem• Totals General Fund5 128.482 NET INCOMEIIEXPENDMJRE) Net incfjmellexpenditurel is ststed after thèryiiwltreditww): 31.1220 31.12.19 Auditors, lenVratjTr Depreeialron- owned assels 3.114 3.114 10. TRUSTEES. REMUNERATION AMD BEIIEFITS Key managernent personnel dIre. The d)3rity ¢onsiders its key management personnel to comprise ts trustees. ekjers. pastor and paslordl tsam ers. Total key personnel reneratJn is £162.86112019= £1292881 There were no trust$, remurprnb'on c olfrw bweffts Ic th8 year eTrJed 31 DtIthr 2020 nor for the year ended 31 DKfjmber 2019. TThst••s' •Kpenses There were no truslees. eynses pa for ts year •d 3108C8mber2020 nor for the year ended 31 DKwnber 2019. 11. STAFF COSTS 31.1220 31.12.19 Workplace Pen Employer NKJnal Inwjr Wages and Salaries 7,385 25.953 369,414 6,641 25.990 341.205 402.752 373.836 The a¥erage rrM)nthty number of employees thJriThJ the yw was as fvlk)ws.' 31.12.20 26 31.12.19 31 No empknyees re¢wved emoluments in exfss of £60,0. ontinued... 2S IPa9e
h Finanual mber 2 12. COMPARATIVES FOR THE STATEMENT OF FIIIAMCIALACTMTES Unrestric fvnd Restnded Endowment fund Totsl fvnds INCOME AND ENDOWMEIITS FROII Donations and legaues 542.537 103.344 645.881 Charltabh actlvlt5qs Gera1 Funds 109.624 109.624 Other trading araNities In¥e5tment income 35.39T 17 35,397 17 T•lal 687.575 103.344 79J,919 EXPENDITURE ON Raiswig lunds 9.TCKI 9.700 Charllabl• xtMII•s Gerftral Fund5 22.717 608,546 Other Tolal 760,974 22,717 783.691 NET INCOMEIIEXPENDITUREI 173.3991 80,627 7.228 Transhr5 b•lw•en funds 41.64n Not mov•m•nt In fu•ds 131.7521 7.228 RECONCILoN OF FUNDS Total NdS brouglrtforn• 246.297 1,o¢J).301 1,282,550 2.529.148 TOTAL FUNOS CARRIED FORWARD 1039 281 1282,550 2 536 376 continued... 26 IPage
hu Finan te - ujntin orth mber 13. TANGIBLE FIXEO ASSETS FrethAd operty and frttiryjs Motor. veh$ Compuier eouipment Totsls COST At 1 January 2020 Additions 3.807.065 60239 11.7C(I 104.216 3,983.220 4.872 Al 31 Dec¥rtr 2WJ DEPRECIATIOM Al 1 January 2020 Charge for year 18,469 6.C67 11,70) 8S.985 116.154 16.101 At 31 Decner 2020 132.255 NEf BOOK VALUE Al 31 De(mber 2020 3.807.065 3 855 837 At 31 De(*mber 2019 3 867 066 14. DEBTORS.. Amouiifs FALUMG OUE WIThIN ONE YEAR 31.12.20 31.12.19 Other debtors- Grft Awj etc. 5T.294 15. CREDITORS: AMOUNTS FALLING DVE WITHIN ONE YEAR 31.12.20 31.12.19 Bank loans and o¥erdrafts (see rnte 181 Trade Cd((arS Other Creditor 13.802 3.113 10.479 3.114 68.767 continued... 27 IPag
n RNerslde tes to the h Y rEnded31 nt mber contin 16. CREDITORS: APXIUNTS FALLING DUE AFTER MORE TIIAN ONE YEAR 31.12.20 31.12.19 Bank loans (see note 18) 1,330,579 1,382,479 17. LOANS An anaysis of the maturity of loans is given belovr. 31.12.20 31.12.19 Amounts fairing due within onè year demaThJ'. Bank loans Amounts fallng due in more five years: Repayable otherwise than by insts1m. Bank loar6 more 5 yrs. non-i1l*Ments 1382 479 The tharity hokls a loan Charity Bank. is sewred on both of the properties held by the charity.. London VersIde Building, Par08S Avenue, o•jhaM the thurth at 62 Naseby Road, Dagenham 18. MOVEMENT IN FUNDS Net movement in fvnds At 31112r20 At 1nRo Unrestricted Genwal fund 214.545 (21.771) 192,774 Restricted Fund - Building Restricted fund- Misgon 1,028,282 10.999 49,235 1.077.517 10,999 Endowmenl fvnds Endowment- Mse 1,282,550 1,282,550 TOTAL FUNDS 2.536.3T6 27,464 2,563,840 continued... 28 IPage
n Fver$I hurch to forlhey rEn ncial Statements- continued There are Iwo restricted furKls held appty to fwthw the objects of the tharity. They aro London Riv8rsid8 Building Parsloes Avenue and 62 Nasdjy Road, Dagenham. Restricted fund is the fund sel utK)n to be applied to the Mission proje(ts of the cknty. Transler b¢lween Funds There is a transfer of value of tsngible fixed ass8ts from restricted lo unrestrided funds because the church building as an asset has been purchased from a restricted fvrKI donation but is held for a general and not tricled purpose only. Net moVeMt in funds, included wi the atw)ve as follows: In¢omiryJ Resources resources expended Movement in lunds Unrestrfcted funds General fund 644,1 {665,772) (21.771) Restrfctsd fvnds Restricted Fund - Build¥ 71,2 (22,(MXJ) 49,235 TOTAL FUIIDS T15.236 687.7T2) 27.464 ntinued... 29 IPage
the Finan for MOVEMEMT IN FUNDS- crtIned Comparntives foi 0ment In fvnds Net movement luThJs Translers betweert funds At 111119 31112119 Unre3trl¢ted fu General fuThl 246.297 113,3991 41,647 214.545 Rostrktod lunds RestrKted Fund - Buik1iThJ ReslrKt8d - Mission 80,627 141.6471 1,028.2B2 10,999 10,999 Endowmwrt funds Endowrrtnl- Manse 1.282.550 1282,550 TOTAL FUNOS 2 529 148 2 536 376 Comparatrve nel movemthrt in funds indLKled in the atre are as klknvs: IrHx)ming Resources Moyemenl funds UThr•strfcted funds General lund 687.575 1760.974) 173,3991 R•strf¢t¥d fvn Restricted Fund- BuihliNJ West&c 117,7171 80.627 TOTAL FUNDS 79J.919 783 6911 Continued.. 30 IPage
tés to 18. MOVEMENT IN FUIIOS- EotiNed A cwrenl year 12 rTh)nths and prxr year 12 rmnths combined posit is as fol¢)ws: Tra[lerS behveen funds At 31112r20 At 111119 in lund$ Unr•stri¢ted funds General fvnd 246,297 195,170} 41,647 192,774 R•slrfd•d lunds Reslncted Fund- &Jilding RestrKied Fund- Miw 989.302 10.999 129. 141.6471 1,077,517 10,999 Endowm•ntlunds Endowment- Manse 1.282. 1,282,550 TOTAL FUNDS 34.692 2.563 840 A current year 12 months and prior year 12 nM)ntts combwitrj nel moverrnnt in fvryls. inrjuded in above are a5 fol0. lrtoming Re50urcs expend80 Movement in funds Unr¢strkt•d fund$ Germl fijnd 1.331.576 {1,426.746) 195.170) Restrlct•d fvnds Reslrided Fund- Bu11j West & Co 169.579 5.000 139.717) 129.862 TOTAL FUNDS 11471463) 19. RELATED PARTY DISCLOSURES The wwe no r•led party transa(#Ms for the year ended 31 December 2020. continued... 31 IPage
Not h Year En 1 Dern RECONCILL4TION OF NET INCOME TO NET CASH FLIYII FROM OPERATIIIG A¢TIYITIES 31.12.20 31.12.19 N•t ifj¢o• for th• rnportlng perlod (as p•rthe St*m•n¢ ol Fin•hKI Actbvhigs) Adlustrn•nts for. Depreualion charges Interest Receivod Interest pai {InCreaselecreas8 in debtors IrK¥8aselldeueasel in (¥edrtors 27,464 7,228 16,101 151 70.065 (6.9) 17,919 11n 73.194 5,645 Netush proVId ty operations 148.042 92.488 21. ANALYSIS OF CIIANGES IN MET OEBT At 111r20 Cash flow At 31112r20 N•t ¢ash Cash at bank and in hand 21.210 28.845 21.210 $0.055 Debt Debts falling due within 1 ye¥ Oebts falling du• aft¥Y 1 year (13.802) 11.382.479 130.657} 144.4591 11.330.ST9 11.396 281 11.375 038 Tolal 11.367.436 42.453 (1.324 983 32 IPage