London Riverside Church Report of the Trustees and Financsal Statements lor the Year Ended 31 December 2021 REGISTERED COMPANY NUMBER.. 06590516 (England and Wales) REGISTERED CHARITY NUMBER.. 112&475
LONDON RIVERSIDE CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Page Report ol the Trustees 3 to 12 Report ol the Independent Auditor 13 10 15 Statement ol Financial Activities 16 Balance Sheet 17 Cash Flow Statement 18 Notes to the Cash Flow statement 19 Notes to the Financial Slalemenls 20 tu 28 Detailed Stalemenl ol Financial Activilie5 29 to 31
LONDON RIVERSIDE CHURCH REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Organi5ationaL Structure Senior Leadershlp Team Spiritual leadership. oversight of Its activities and future direction and strategy ol the church are in the hands ol a Senior Leadership Team which comprises the Lead Pastor and Ihree others. Board ol Direclors The organi5alion is managed by thE Board ol Directors who, with one or two exceptions, meet on a monthly basS9 and lake decisions on financial matters and budgeting, health and safety, legal malters, safeguarding issue5 and goals pertaining tD these mallers. The ratio ol non-salaried DSrectors against Salaried Directors is Operations The organisation has 11 paid full and part lime stall that lead their various departments and enjoys the support ol some 200 plus volunteers who are accountable lo Departmental Leaders and ultimately the Eoard. Day to day operations ol the church is in the hands of the lull-time mernber5 01 the Senior Leadership Team under the direction of the Lead Pastor. Rècrultm¢nt and appointment of Trustèès & Direclor5 The Trustees are set out on page 11 of these financial stalemenls. The charity's Board of Directors are invited lo joln the Board based on their appropriate professional experience and commitment lo the church. The Tru51ee5 believe that Ihis approach ensures that Ihe management ol the charity is executed by men and women ol appropriate skill sets who are 'vision-carriers'. In selecting new Trustees, the Board seek to identify people who regularly allend weekly serviceslmeètlngs. events and activities ol the church and also understand and accept the beliefs. core values, ethos and general V15ion ol the Church. Polential Trustee5 are invited to attend a sèries ol leadership course5 designed to raise their leadership awareness within the contèxt ol Biblical principles and teaching. Mew Trustees are provided with and asked ta read carefully copies of the Memo and Articles of Association, latest accouTbts, recent minutes and suitable Charity Commission guidance such as CCIO Hallmarks ol a well- run charity,. CC3 The essential Trustee and guidance notes on The Advancement of Religion lor the Public Benefit. Questions are encouraged on these papers so that every Trustee is fully aware ol Iheir responsibilities. Related Parlles a. Assembllés of God UK This is the denomination that London Rlverside Church belongs to. A5semblie5 01 God is one of the largest main Pentecostal denominations in the UK. It has a membership Df over 500 churches nationally with many mission's expressions overseas. London Riverside Church has been alliliated to Assemblies of God UK for over 7D years. Each church in this denomination is requested to donate 3% 01 their regular received offering5 from their members lo their natlDnal offices in Manchester. Each year Assemblies ol God UK hold their annual conference In May- this year being online only was allended by the Senior Leadership Team. and this b. Evangelical Alliance London Riverside Church subscribe5 as a member to thi5 group. Representing 4,000 churches across 81 denominations, including Assemblies of God UK, they are the largest and oldest body representing Ihe UK'5 two million evangelical Christian5 assisting them lo listen to. and be heard by. the government, media and society.
LONDON RIVERSIDE CHURCH REPORT OF THETRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Icontinuedl Objeclive5 and Activitigs Thp objectives of the company an(5 charity are lor the benefit ol the pubic and are set out in ils Memorandum ol Association as follows-. a. To advance the Christian laÉth in accordance with the Statement in such ways and in such parts ol the United Kingdom or thè WDrld as the Directors from lime lo time may think lit. b. To relieve sickness and financial h3rd5hip and to promote and preserve good health by the provision ol fund5, guods or services of any kind including through the provision of counselling and support in such parts DI the United Kinydom or the world as the Directors from tlme to lime think lil. To advance education in such way5 ènd in such par15 01 thè United Kingdom or thè world as the Directors from lime to time may think Ilt. Our aim. as it has been lor the past 94 years. ts to continue lo proclaim the good news of the Gospel ol Jesus Christ Ihrough our activities, lo a551St believers to develop their relationship with Christ, to release them to reach their God given potential and lo make a difference in a world that is increasingly broken. We believe that our church exists primarily lor its, a5 yel. non-members and so our doors are open to anyone regardless ol their circumstance. Simply put, our purpose for being in exTSteThce is wrapped up ITh our Statement ol Purpose which 15.. o passionately lind. enthusiastically declare and dynamically show the heart ol God" How 13 thls achleved? To pa55ionalely flnd tho heart ol God This is DISCIPLESHIP activities and methods to help people MATURE in God. To •nlhu$iastÉcally declar• the heart of God Thi5 is WORSHIP services and a lifestyle to encourage people to seek to MAGNIFY Sod. It is also OUTREACH - people taking the Gospel MESSAGE outside the walls ol the church building to a needy world. To dynamlcally show the hèarl ot God This 15 SERVING - people giving out and living oul a MINISTRY lo relieve hardship. It Is also COMMUNITY - people enjoying their MEMBERSHIP of our church. The way in which we deliver this 15 in an exciting and contemporary manner and we desire to du thi5 Wlth a spirit ol excellence, honour and generosity. Our oblectives are sel to reflect our faith and our passion primarily in our multicultural and multigenerational local community and also our Dverseas related Ministry involvement. We work in partnership with olher local agencies lor the benefit and improvement of our town. With high immigration, many nalionalilies have made the London Borough ol Barking and Dagenham their home. This is rellecled in some 40 differènt nationalitie5 represented in our church. Public Benefit At every Board meeting, our Truglees review our objective5 and activities to ensure that they are consislenl wilh our aims. In carrying out these reviews the Trustees have considered the Charily Commission's general guidance on public benefit and in particular supplementary public guidance on the advancemenl ol religion for public benefit.
LONDON RIVER51DE CHURCH REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Iccntinuedl The Trustees are conlidenl that with the huge variety ol our mlnistries reaching out lo all socio-economic strata of our town, CDveriny ages from birth to seniors, we have prov5ded benefit lo the public and the church thruugh such aclivities and have advanced the Christian faith. In conjunclion with the guidance containod in the Charity Commission's guidance on public benefit the Trustees have concluded thal= l. There is no detriment or harm arising as a resull Df its activities. 2. The benefits are lor the public. 3. The church's ministry gives idenliliable charitable benelil5. 4. The church's aims continue to be overall charitable. 51rategy. Performance and Achievements London Rivèrside Church's ministry can be IDDked at Ihree-lold'.11) Sunday services and other events,121 Community Activily, and131 Social Action Sundays & Midweek The strategy lor achieving these objectives Is to deliver Sunday services al London Riverside Church as well as various meetings around prayer and Bible study or situational needs throughout Ihe week. Our programme has extensive provision lor children, young people, young adults, the elderly and thuse with special educational needs and learning dilliculties. The outcomes of thi5 Strategy are monitored by the Trusteès who meet on a regular basis. The organisalion has developed over recent years through a number ol our community focused departments, and we now have a large number ol agencies that we are in conneclion with who provide invaluable assistancè and advice and will provide support and resources whenever possible lo bring change lo a 51tualion. Sunday Services We hold three Sunday morning services ol slmilar worship 51yle every week. Praclical Iheological teaching is provided which is relevant lo evèryday life. Visiting speakers from elsewhere in the UK and abroad OCC35ionally preach for us. Christmas, Easter, Mother's and Father's Day services are examples ol services which give specific opporluniliES lor people to bring their unchurched friends and familiès lo experience a church service and be informed about the Christian lailh. Sunday Online Sunday Online continues to be broadcasl as è regular addition lo our Sunday in-person services, and we have CDntinued to invest in the quality of production of this online content. It 15 available on our YouTube channel and the free weekly audio podcasls continue lo be available, acce55ed from our website. Cornmunity Activity We are involved in so many exciting community activities some DI which are detaTlèd below.. Party the Park We were unablE to hold thi5 annual event, previously altended by so many from our community, due to the pandemic restrictions. Apex Youth Ministry Every Friday night during school term lime Apex runs a youth programme and these nights are lull of community young people many ol which would be on the streets il this event did not take place. Approximately 80 youth regularly attend.
LONDON RIVERSIDE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Icontinuedl Despite the limitations forced by the pandemic, young people were still able to engage with the online aclivilie5 and minislry via YDuTube, Zoom and social media platforms. In April. in person activities were permitted again and most reslrictions had been lifted by the end ol the yéar. Tenacious Kidz Thi5 everTrt runs every Sunday morning whilst all three Sunday morning Services are taking place. Kids UP to age 11 attend and receive relevant age-relaled ministry. 11 is lun. and our children can't wait to gel into thi5 every WEek. Dèspite the limitation5 forced by the pandemic, our kids were still able to engage with the online activilies and ministry via YouTube, Zoom and Social media plallorrns. In April. in person activities were permitted again and most restriction5 hatt been lilted by the end ol the year. Tenacious on Wednesdays This kids club runs every Wednesday evening for those of primary school age. It Is a lun-packed programme full of music, game5. competitions and a PDsltive message. Tenacious on Wednesdays was limited lo Zoom calls initially before Ihe lilling ol pandemic restrictions made in person clubs possible in the second hall ol the year. Lillle Footprints Parent & Toddler Group Thi5 weekly group has been very popular with local parents and runs twice a week.11 provldes the opportunity for parents to meet up and for their loddlers lo enjoy playing together in our purpose-buill kids care facilities. After pandemic reStrctionS were lilted il was able to reopen and continues to be lully booked each week. Connect Groups Every two weeks, a number o15mall groups ol all ages meet together in homes or In the church cenlre. Good friendships are built, and relevant discussion focused on the application ol the Sunday preaching to everyday life takes place. We consider this Strategy very import8nt as the church grows so that as many people as possible can be pastorally cared for. As pandemic rèstrlctions lifted, some groups returned lo meeting in person while olher5 have adopted a 'hybrid' approach, using platforms such as Zoom, which has proven to be very effective. Pastoral Care The church has a Pastoral Care department that has a number ot full lime and volunteèr staff that are parl of Ihi5 ministry ol meeting with people with challenges in life and alsu visiting many in their hames. We run a 'Pasloral Surgery. where a person with particular needs requiring specialised hèlp can access appropriate services. Referra15 lor this service come from the Pastoral Care Team. Ace Life This is a specialised programme that has run every fortnight to help those with learning difficulties. This has become well knDwn in Ihe town with approximately SU people from the community attending these gatherings. Alter pandemic restrictions were lilted il was able lo reopen and continues to be well attended. Hope Course This course offers help lor those who have suffered bereavement run in conjunction with local undertaker5, We513nd Coe. A group ol up to 12 people will meet on a weekly basis for 6 weeks for support and teaching.
LONDON RIVERSIDE CHURCH REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Iconlinued) Due lo pandemic restrictions, the covr5e was not able to run in person, bul people were asslsted on an individual basis instead. Navigate Course The course is made up 015 evening sesslons and a day retreat. It e4UIP5 attendees lo deal with life-controlling habils and a5515ts thèm lo charl a course to Ireedotn ol living. Due to pandemic restrictions. it was nol possible tD run this course in 2021. Growth Track This course is provided lor peDple joining our church andlor who are new to the Christian lailh. The four sessions repeat every second monlh and have continued lo run via Zoom even alter pandemic restrictions were lilted. Other activities such as visits lo local primary and secondary 5choo15 continued lo be limited this year due to Ihe pandemic restrictions. Varied activities such as pre-marriage counselling or'Potentials" younger youth leadership training courses continued to run in online spaces and in person whenever possible. All are community minded and with a heart to bring Significant change and enhancement to people's live5. Social AcliDn Thè Social Action department was able to meet the needs ol hundreds ol households throughout the course of the year. The need and referrals lor our food bank remained constant, even as pandemic restrictions lilted. The Social Action department seek5 to practically share the love ol Jesus. to offer hope to those lacing difficulties. to show dignity to every person we come into conlacl with and to provide or point people towards ongoing support. This is more than a 'hand out,, but a 'hand up,. This department collaborates wilh the lucal council and other extèrnal agencies and is funded through successful grant applications. individual donations from church members and the charily's funds. Store City The Store City food bank takes refèrrals from local agencies and provides both the necessary rood and ongoing support for those lacing dillicullies. Baby Bank Working closely with the loodbank referrals, this project specifically helps the young families in need in our commuThity, particularly those with new-borns. CAP - Life Skills CAP - Life Ski115 is a friendly group that gives people the confidence and decision-making skills they need to survivè life on a low income. This cosjrse is run in partnership with Christians Against Poverty. Kids. Fun Bags In partnership with Tenacious Kidz, 'lun bag5, are given out lo families who are living in hostels, facing grief. or experiencing other difficult circumstances. They are made up ol craft, toys and games to suil the ages and genders ol the children in each individual family. 'Love the Borough" This new initialive took place from the 9th Illh July, when the weekend church services were cancelled ènd the church membership was mobilised to serve the community in a variety Df dillerent ways such a5.. DIY help. Street Pastors. advice centre & calé, h05tels lamily fun day, carwash. litter-pickiny, ètc.
LONDON RIVERSIDE CHURCH REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Iconlinuedl Special Fundraising Activities '1 V the HDuse' Dllering This annual special ollering, where people are challenged to pray, plan and give, took place on Sunday 10th October. We appreciale the heart and spirit ol generosity that is shown by our church members. Prayer Prayer Days ran each month, and were a blend ol both onllne and in person mèetings where prayer for both individual and communily needs took place. Two 5-day Prayer Weeks IoDk place in January and September respectively. Early morning. lunchtime and evening prayer meetings were well attended with a mix ol online and in person meetings. Missions We continue lo inpul in lo Concarneau 8onne Nouveau International ICBNII. the church thal we were involved in planting in Concarneau, Brittany. France, over 14 yèars ago. Our aclivity is focused primarily on leadership training and development. Due lo pandemic reslriclions, avenues ol missions and charitable work in Austria. Belarus, the Middle East and Asia were pul on hold. bul the church leadership remained in regular contact and funds to support the ongoing work werè trènslerred where possible. Voluntèèrs Volunteers are an itnportant resource in both our chureh life and all the community projects we undertake. curretlY we engage over 200 volunteers. These valuable members of the church give their lime and enErgy every week to ensure all our activities are carried out with excellence. The process ol joining our volunteer group begins by attending our Growth Track course. These 4 sessions cover how we are 5lruclured as a church and also help individuals identify their Skills, gilts and abilitie5 and then how they could be effectively deployed within the many departments that we have. Before Ihey are deployed, those who would be working with children. young peoplè and vulnerable adults are appropriately DBS checked. This ensure5 that we maintain correct safeguarding procedures. The achievement of objectives is monitored through regular consultatlon. Programmes are regularly reviewed, and uutcomes measured against pa513chievements and prèviously sel targets. The major risks as identified by Ihe Trustees have been reviewed and system5 and procedures have been established to manage Ihose risks. This 15 especially Irue in the areas DI safeguarding, health & Safety and finance where policies are regularly reviewed and updated. Leadership Training & Development In person training opportunities remained limited due to the pandemic restrictions in the lirsl hall ol the year, bul stall allended Ihe HTB Le3dership Conference Imayl and AOG Conference (May). We were then able to host an AoG'Zune Day" in October and attend the AOG 'Area Day, in November. both in person. The Senior Leadership Team a150 enrolled into Ihe Learning Communily which provide5 leadership team training days, twice a year, tailored lo the challenges and developmenl of medium to large size churches in the UK. Staff and volunteer leaders also attend specific training days suited to their area ol re5ponsibilily and the weekly slafl meetings regularly include leadership training.
LONDON RIVERSIUE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Iconlinuedl Key Perlormance Indicator$ The key performance indicators used by the Trustee5 are as lollow5'. The number ol people attending Sunday services and various activities and meetings: The number ol youth and children attending our Apex and Tenacious projects., The number, training and performance ol volunteers,. The number of peuple who commil their lives to follow Jesus- The amount ol lithes, offerings and gill donations.. The number ol people Ihal sign up for Gill Aid,. The cost elliciency ol operations. Rlsk ManagBmont The Trustees actively review the major risks which the organisation laces on a regular basis and have drawn up a risk matrix which Identifies the major risks. the likelihood ol the risks happening, ond the measures taken lo manage them. The Truslee5 rèvlew this risk malrix regularly at their meetÉngs. The Trustees are sètlsfied that 5y51ems are in place, or 3rrangemen15 arè in hand, to manage the risks that have been idenllfied. Adequatè insurance cover is in place. Appropriate Disclosure and Barring Service IDBSI checks. supported hy regularly reviewed policie5 are made lor all who work with children, youth and other vulnerable groups within the church and aLL ils activities. Under the Health and Safely at Wprk Act, all slaff undergo an inductioTr course and appropriate training. Emphasis is placed on health and safety procedures, risks in the workplace and IFfling and handling. The church is compliant with the Food Safety Regulation Act 011995, which places emphasis on food hygiene and environmental health. The key checks are the temperature ol chilled food and cool cabinets and refrigeralors, temperatures maintained and prescribed in this act. The charily has set up a fabric ol accounling, recordlng and internal controls over recording in conneclion with income, expenditure. assets and liabilities. A rèport is presented monthly at the Board meeting and at the year end the Financial Statements are audited. Financlal Revlew The charity recorded an exce55 expenditure over incomp lor the year of £68,03512020'. È27.4641. London Riverside Church manayemenl have implemented robust budgetary controls and continue lo monitor cos15 in an elforl to ellectively and elliciently fund Ihe aclivilie5 01 the church. Income The total income for the year under review was £727.39712020.. 2715.2381. This represents an increase in income ol1.70Y• on last year's income. Income from lithes, offerings and donations represent more than 50% of the total income. The'l V Ihe House. income, held on the 10th October, was £59,029. Expenditure The total expenditure for the year was £659,36212020.. É687,7721. This represents a reduction of .13% on the previous year's expenditure. It may be noted that the charity availed itself Df the Government Coronavirus Job Retention Scheme Ilurloughl for some ol its employees during 2021. A total atmount of £12,202 was received.
LONDON RIVERSIDE CHURCH REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Icontinuedl Re5orves Pollcy The organisatlDn endeavour5 to maintain sullicienl Free Reserves to always cover its liabi1Sties and cornmitmenls. London Rsverside Church'5 reserves policy aims to ensure Ihal the organisalion can maximise the value ol its nel income without incurring unnecessary risk. The general reserves provide a level of protection to London Riverside Church lo mitigate against changing financial circumstances, such a5 a downlurn in Income or unschèduled additional expendilure. The policy is to hold enough lund5 to meet three monlhs. operating costs ol the church, excluding project COStg and other community activities. costs. Total reserves held at 31" December 2021 were £2,631,87512020.'£2,563,840). Free Reserves In calculaling the free reserve, the Trustees restricted the special donation '1 * The House, offerings towards the building project and the value of the church building including the Manse are shown in the accounts. This leaves a free reserve as at 31st December 2021 of É50.290. The policy is reviewed in a slrategic context annually, aiming at establishing an appropriate level ol general reserves to meet potential short lo medium term needs. Reslricled Rèserves The total reslricled reserves al 31st Decèmbèr 2021 were £l.136.85812020.. £1,088.5171. InvÈstm•nl Policy All funds are held in cash on deposit or in interest bearino currént accounts. The charity has no lang-term investments, other than the Manse. Our cash reserves are held in a high inlerest- bearing dep051t bank account. Thè Snterest earned is considered as a gilt ol Ihe UK banking system and thi5 supplements the community work Ihal the charity undertakes. Pay and Remuneration Staff salaries are set and agreed upon by the non-paid members ol the Board ol Directors following annual performance review5 Wlth stall by Line Managers. The Lead Pastor, who is ovèrall responsible lor the stall, is present during salary review discussion as he has the day-to-day management of the slafl, bul is not present when his own salary is reviewed and has no influence over their own salary level. Fundraising In line with the reportiftg requiremen15 included in the Charities Act 2016, the Directors are pleased to confirm that all fundraising is carried out in compliance with best lundrai5ing practice. All fundraising activitie5 follow traditional methods. During the year no prDlessional fundraisers were emplDyed. and no complaints or triticisms were raised concerning Dur fundraising activilies. Golng Concern Ba5&d on the forecast. projection5 and performance ol the charity, the Board ol Trustees 15 01 the opinion that London Riverside Church has adequate resources to continue in operational existence lor the foreseeable future. Plans for the Fuluro Tre organisalion w511 continue work to achieve ils core objectives as the Trustees see fil. A5 detailed above, the church programme, community activily, social action involvement and missions. Strategy will continue to be developeLI and implemented in the coming year. 10
LONDON RIVERSIDE CHURCH REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Icontinuedl REFERENCE AND ADMINISTRATIVE DETAILS Registered office London Riverside Church Parsloes Avenue Dagenham RM9 5PT Trusteès Rev. Dr G A Wheeler Mr M Overare Mr B WGebru Mr W Okello Mrs C R Gumbiti-zimuto Company Secrelary Mr M Overare Auditor JACOB CAVENAGH & SKEET 5 Robin Hood Lane Sutton 5urrey SMI 2SW Bankers Metro Bank Brewery Walk 3-5 Westèrn Road Essex RMI 3JL Charity Registration Number 1126475 Company Registratlon Number 06590516
LONDON RIVERSIDE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2021 Icontlnuedl STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees (who are a150 the Directors ol London Riverside Church for the purposes ol company lawl are responsible for preparing the Report ol the Trustee5 and the linancial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including Financial RepDrling Standard 102'The Financial Reporling Standard applicable in the UK and Republic ol Ireland Cornpany law requires the Truslees lo prepare financial statements for each financial year which give a true and lair view ol the slate ol affairs ul the charitable company and ol the incoming resources and application ol resources, including the income and expenditure, ol the charitable company for that period. In preparlng those financial slalemenls, the Trustee5 are required to select 5uilable accounting policies and then apply them consistèntly., observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on going concern basis unless il is inappropriate lo presume that Ihe business will continue. The Tru51èes are responsible lor keeping proper accounting records whSch disclose with rèasonaljle accuracy at any time the financial posilion of the charitable company and to enable them to ensure that the financial slalernenls comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 01 the charitable company and hence lor taking reasonable steps lor Ihe prevenlion and delection Df fraud and other irregulèrilies. In so lar as the Trustees are aware.. there is no relevant audit information of which the charitable company's auditors are unaware., and the Truslees have taken all steps that they ought lo have taken to make themselves awarè ol any relevant audit information and to establish thai Ihe auditors are aware of that information. AUDITORS The auditors, Jacob Cavanagh & Skeèt, will be proposed lor re-appointment at the lorlhcoming Annual General Meeting. Report of the Trustees, including Directors, report, approved by order of the Board ol Trustees, as the company Directors, on 08 December 2022 and signed on the Board's behall by: Berhe Gebru Trustee 12
LONDON RIVERSIDE CHURCH REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 Opinion We have audited the financial stalements ol London Riverside Church Ithe'charily'l for the year ended 31 December 2021 which cotnprise the Statement of Financial Activilies, the Balance Sheet, the Statement ol Cash Flow5 and the notes to the linancial statements, including a summary ol significant accounting policies. The financial repDrling framework that has been applied in their preparation is applicable law and Unitèd Kingdom Accounting Standards. including Financial Reporting Standard 102 7he Fin8ncièl Reporling Slandèrd applic8bl# In the UK and Republic of lrelandluniled Kingdom Generally Accepted Accounting Practice). In our opinion Ihe financial statement5'. give a true and fair view ol the slate ol the charitable company's altairs as al 31 December 2021 and ol its incoming resources and application ol resource5 lor the year then endÈd., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pratlice.. and have been prepared in accordance with the re4uiremenls of Ihe Companies Act 2006. Basis lor opinion We conducted our audit in accordancè with International Standards on Auditing IUKI IISA5 IUKII and applicable law. Our responsibilities under those slandèrds are further described in the Auditor's responsibilities lor the audit ol the linancial statements section of our report. We are independènt ol the charitable company in accordance wilh the ethical requirements that are relevant lo our audit ol Ihe financial slalemenls in the UK, including Ihe FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that Ihe audit evidence we have Dblained is sullicient and appropriate lo provide a basis lor our opinion. Conclusions reLating to golrtg concern In auditing the financial Statements, we have concluded that the trustees. use ol the goSng concern basis of accounting in the preparation of the financial statemenls 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 Charity'5 ability to continue as a going concern lor a period ol al leasi12 months from when the financial stalemenls are authorised for issue. Our r25ponsibilities and the responsibilities ol the trustee5 Wlth respeet to going concern are dèscribed in the rèlevant sectlOn5 of this report. other Snlormalion The other information comprises the information included in Ihe annual report, including Ihe trustees, report, other than the financial statements and our auditor's repDrt thereon. The trustees are responsible lor Ihe other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent olherwise explicitly slated in our repllrt, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other inlormation and. in doing so. consider whether thè other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or olherw1se appear5 to be materially misslated. 11 we identify such material inconslstencies or apparent material mTSStatements. we are required lo determine whether this gives rise to a material misstatemeTht in the linancial 51aternents themselves. If, based on the work we have performed, we C0ClUde that there is a material misstatement ol this other information. we are required lo report that fact. We have nothing to report in this regard.
LONDON RIVERSIDE CHURCH REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 (Continued) Opirtions on other matters prescribed by the Companie5 Atl 2006 In our opinion, based on the work undertaken in the course ol our 3udil.' the information given in the trustees, report, which includes the director5, rèport prèpared for the purposes ol company law, lor the financial year lor which the financial statemènts are prepared is consislenl with the financial statem&nts', and the directors, report includèd within the Irustee5' report ha5 been prepared in accordance with applicable legal requirements. Matters Dn which wg are roquired lo report by exceplion In the light ol the knowledge and understanding ol the charity and its environment obtained in the course ol the audit, we have not identified material mis5tatementS the directors. report included with the trustees. report. We have nothing to report in respect of the following matters in relation lo which the Comp8nSes Act 2006 requires us to report to you if, in our opinion.. adequale and proper accounting records have not been kèpt, or relurns adequale lor our audit have not been received from branches not visited by us., or the financial statements are nol in agreement with the accounting records and returns., or erlain disclosures ol trustees, remuneration spetilied by law are not made., or we have nol received all the information and explanations we require for our audit.. or the Irusle85 were not entitled lo prepare Ihe financial statements in accordance with the small companies regime and take advanlage ol the small companies exemptions in preparing the trustees, report and from the requiremenl to prepare a strategic report. Responsibililiès ol truslees As explained more fully in thè trustees, responsibilities 51alemeTht, thE truslees'lwho are also the direclor5 c>f the charitable company lor the purposes ol company lawl are responsible far the preparalion ol the linancial statements and lor being 5alF5fied thèl Ihey give a true and fair view, and for such internal control as thè trustees delermÉne 15 necessary to enable the preparation ol financial statements that are free IrDm material misstatement, whether due lo Iraud or error. In preparing the ITnancial statements, the truslees arè responsible lor assessing the charity's abslily to eontSnue as a going concern, disclosing. 35 applicable, matters related to going CDncern and using the going concern basis ol accounting vnle5S the trustees either intend lo li4uidale the company or lo cease operalions. or have no realistic altèrnative bul to do so. Auditor's responsibilities for the audit of lh• 1Snan¢ial stalement5 Our objective5 are to obtain reasonable assurance about whether the financial Statements ès a whole are free from material misstatement, whether due lo fraud or error, and to issue an auditoff s report that includes our opinion. Reasonable assurance is a high level ol assurance. but is not a guarantee that an audit Cunducted in accordance with ISAS IUKI will always detect a material misstatem2nl when it exists. Misstatements can arise from fraud or error and are considered material il, individually or in the aggregate. they co¢Jld reasonably be expected to influence the economic deeisions ol users taken Dn the basis ol these financial slatemenls. The extent to which our procedures are capable ol detecting irregularities, including fraud 15 detailed below.. Based on Dur underslandtng ol the company, we identified that Ihe principal risks of non-compliance with laws and regulations related to linancial reporting legislallon and we considered the extent lo which non-compliance might have a material ellect on the financial statements. We a150 considered those laws and regulations that have a direct impael on the preparation ol the financial statemenls such as the Companies Acl 2006 and Charities Act 2011. 14
LONDON RIVERSIOE CHURCH REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 (Continued) We assessed the susceplibilily ol thè companvs financial 51alement5 to material rnisstatemenl, irscludinu obtainin9 an understanding ol how fraud might occur, by makiny 2nquiries ol management. cornslderlng the internal contro15 in place and dlscussion amongst the engagEmenl team. We deterrnined thal the principal risks were related to idenlification ol restricted incotn@ and expendilure, management bias in accounling e511rnatÈs, presenlation of s?parately disclosed items and managemeThl overrlde of tDntrols. In response lo the risks identified we designed procedures wh¢ch included. but were not limited lo.. agreeing Ilnancial statement disclosures to underlying supporting docurnenlation, identifying and testing journal entries. reviewing Direclors ITrustees minutes, evaluating the charills internal controls and challersglng signlficanl accounting èstlmales. There are inherent lirnitalion5 in the audit procedures described above. The more removed that laws and regulation$ are from financial transactions. the le9s Ilkely It is that we would become awarè of non-complSance. Material misslalements thal arise due to fraud can be harder to delecl than those Ihal arise from error as they may Involve dellberate Concealment or collusion. A lurlher description ol our responsibilitie5 for Ihe audSt ol the financial statements 19 lo¢atÈd on the Financial Reportin9 Councll's website al.. hllp'.J/www.Irc.org.uklauditorsresponsibllillès. Thls descrlption lorms part Dr uur auditgr's report. Use ol our rep¢ri Thi5 report is made solely lo the charitable companys members. as a body, in 8ccordance with Chapter 3 of Part16 ol the Companiès Act 2006 and regutslions made under that Act. Our audit work ha5 bpen undertaken 50 that we might 5talE lo the charitable companvs members those matters we are required lo state lo them In an auditors, report and for no other purpose. To Ihe lu(Lest exlenl permStted by law, we do not accgpl or assume responsibility lo anyone other than the charitable company and ils members as a body, lor our audit work, lor this report. or lor the opinion5 wo havÈ formed. Paul FCA Senior StatulDry Audllorl lor and Dn behalf ol Jacob Cav¢nagh & Ske¢t Statutory Audilor Ch3rleréd Accountants 5 Robin Hood Lane Sutton Surrey SM12SW Daled..
LONDON RIVERSIDE CHURCH STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31 DECEMBER 2021 31.12.21 Tolal lund5 31.12.20 Total fund5 Unrestricted fund Reslricted funds Endowment fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 582,357 83.341 665,698 664.629 Charitable activltles General Funds 426 426 17,710 Other trading activitie5 Investment income 61,272 61,272 32,862 Total 644,056 83.341 727 397 715,236 EXPENDITURE ON Raising funds 3.308 3,3D8 3,499 Charltable activities 621.054 35,ODO 656,056 684,273 Total 624 362 659.362 687 772 NET INCOME 19,694 48.341 68,035 27.464 RECONCILIATION OF FUNDS Tolal funds brought forward 192,773 1,088.517 1,282,550 2,563,840 2,536,376 TOTAL FUNDS CARRIED FORWARD 212 467 1136 858 1282 550 2 631.875 2,563.840 The noles foim part of Ihc8c financial 51atcmeiils 16
LONDON RIVERSIDE CHURCH BALANCE SHEET 31 DECEMBER 2021 31.12.21 Total funds 31.12.20 Total lund5 Unrestricted fund Restricted lunds Endowment funds Notes FIXED ASSErs Tangible assels 12 162,177 2.387,065 1,282,550 3,831,792 3,855,838 CURRENT ASSErs Deblors Cash al bank and in hand 13 43,178 8.586 45,003 51,764 73.097 57.294 50,055 71.272 53,589 124,861 107.349 CREDITORS Amounts falling due within one year 14 IZO.9821 146,7341 167,7161 {68,7681 NET CURRENT ASSErs 50.290 6.855 57.145 TOTAL AssEfs LESS CURRENT LIABILITIES 212,467 2,393,920 1.282,550 3,8B8,937 3,894,419 CREDITORS AmouTh15 falling due after more than one year 15 11,Z57,0621 11.257.062) 11,330,5791 NAsSETs 212 467 1,136,858 1,282.550 2 631875 2 563 840 FUNDS 17 Unrestricted Funds 212,467 192.773 Reslricled funds 1,136,858 1.088,517 Endowment funds 1282 550 1.282,550 TOTAL FUNDS 2 631875 2,563.840 Tbe financial slalements were app d were signed on ils behalf by. oved by he Board ol Trustees and authorised for issue 08 December 2022 rhe Gebru - Trustee Charily number.. 1124475 Tlie notes form pai'l of thcsc financial statemcn15 17
LONDON RIVERSIDE CHURCH CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20ZI 31.12.21 31.12.20 Note5 Cash fLow5 from operating aclivitlO$ Net cash provided by operating activities lllB,229 47,325 Ca$h fLows from invèstlng activities Purchase ol tangible fixed a55ets 113,9441 14.8721 Net cash used in investlng actlvltl•s 113.9441 (4,872) Cashflow from financlng actlvllles Loans Repayments in the year Nèt Cash Used in tinancing activities (71.2431 151.900) Change in cash and cash equivalents in the reportTng period Cash and cash equivalents at thè beginning ol the reporting period 23.042 21.210 50.055 28.845 Cash and c35h Èqulval•nts at the end of thè rÈportlng period 'rh¢ notes foiTh part of thcse financiol statenienls 18
LONDDN RIVERSIDE CHURCH NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 310ECEMBER 2021 RECONCILIATION OF INCOMETO NEf CASH FLOW FROM OPERATING ACTIVITIES 31.12.21 31.12.20 NÈI Income for the reportlng period la$ per the Statoment ol Financsal Aclivltiesl Adjustmen16 for.. Depreciation charges llecrease/lincreasel in debtors IDecreasellincrea5e in creditors 68.035 27,464 37.99U 5,530 13,326 16,102 16,9561 Net cash provided by operations 108.229 47,325 ANALYSIS OF CHANGES IN DEBT At Ih121 Cash flow Al 31112121 Nel cash Cash at bank and in hand 50.055 23.042 23.042 Debt Debts falling due within 1 year Debts falling due alter1 year 1 44,&591 11,330,579 12.2741 1 46,7331 11,257 0621 11,375,038 11,303 795 Total 11,324.9831 94,285 11,230 698 The notes foi'm pai1 of these financial staleineDI% 19
LONDON RIVERSIDE CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2U21 ACCOUNTING POLICIES Charlty Snformation London Riverside Church Is a private company limited by guarantee incorporated in England and Wales. The registered oflice Is London Riverside Church, Parsloes Avenue, Dagenham, RM9 5PT. Basis of preparing tho flnancial 5talements The financial statement5 01 the charitable company, which is a public benefit enlity under FRS 102, have been prepared in accurdance with the Charities SORP IFRS 1021 'Accounliny and Reporting by Charities.. Statement ol Recommended Practice applicable lo charlties preparing their account5 in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS1021 leflective l January 20191,, Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic ol Ireland, and the Companies Act 2006. The financial statements have been prepared under Ihe historical cost convention. The financial statements are prepared in sterling, which is the functional currency ol thè charity. Monetary amounts in these financial statements are rounded to Ihe nearest £. Incom? All in£ome is recognised in the 51alement ol Financial Activitie5 once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expèndtture Liabilities are recogni52d as expenditure as soon as there is a legal or conslructlve obligation commilling the tharily lo that expenditure, it is probable that a Iransler ol economic benefits will be required in settlement and the amuunt of the obligation can be measured reliably. Expenditure is accounted lor on an accruals basis and has been classified under headlngs that aggregate all cosl related lo the cateyDry. Where cosls cannot be directly attributed lo parlictjlar heading5 thpy have been 311ocated lo activities on a basis conslstent with the use ol resources. Granls offered subject to condition5 which have not been mel at the year end date are noted as a commitment but not accrued as expenditure. Tangible Ilxed a55ets Tangible fixed a55et5 are shown al historical cost less depreclalion. Depreciation is provlded at the following annual rates in order to wrile oll each asset over its estimated useful life. Tan ible Fixed Assèls Computer Equipment 4 Years on straight line basis wilh nil residual value 5 Years on slraiyht line basis with nil residual value 5 Years on strai 10 Years on strai 5 Years on strai Non- De 45 ears on strai Ollice Equipment Musical E ui ment Fixtures & Filtin Motor Vehicle5 Freehold Land Freehold Buildin ht line with nil residual value ht line with nil residual value ht line with nil residual value Asset hl line ba51S to residual value Taxalion The charity is exempt from corporation lax on ils charitable activitie5. Cash al Bank and in Hand Cash at bank and Sn hand includes cash, current bank accounts and deposlt bank accounts wilh no withdrawal limitalions. 20
LONDON RIVERSIDE CHURCH NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 Debtors Trade and other debtors are recoynized at the settlement amount. Prepayments are valued at the amount prepald. Crèdltors Creditor5 are recognized where the charity has a present obligation resulting from a past evenl that will result in the transfer ol lunds lo a third party and the amount due to seltle the obligation can be measure reliably, Credsturs are recognized al their settlement value. Pension costs and othèr post-retiremènt benetils The charity operates a defined benefit pension scheme. Conlributiotls payable lo the charitys pension scheme are charged to the Statement ol Financial Activities in the period to which they relate. Financial Instruments The charity only has financial assets and financial liabilities ot a kind that qualify as basic financial instruments. Basic 1Snancial instruments are initially settled at transaction value and 5ubsequenlly measured al their settlement value with exception ol bank loans which are subsequently measured at amorlized cost using the ellective interest method Fund actounliny Unrestricted lund5 can be used in accordance with the charilable objectives at the discretion ol the trustees. Restricted lurbds can only be used lor particular restrictèd purposes within the object5 01 the charity. Restrictions arise when specified by the donor or when funds are raised lor particular restrictèd purposes. Further explanation ol the natu and purpose ol each fund is included in Ihe note5 to the financial stalements. 21
LONDON RIVERSIDE CHURCH NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 DONATtONS AND LEGACIES 31.12.21 31.12.20 Tithes - Church Ollerings Gilt Aid Granls HMRC JRSC Community Life Building Fund &67,916 656 89,951 35,189 12.202 755 59,029 457,783 525 88.289 18.750 38.175 665.698 664,629 OTHER TRADING AcTIVlEs 31.12.21 31.12.20 Book Sales 29 4D Events 17,794 14,400 28,499 550 4,617 14.1400 13,805 Rental Income Room lellings The Source 61272 32862 . INTEREST RECEIVED 31.12.21 31.12.20 Interesl Received INCOME FROM CHARITABLE AcTrvmES 31.12.21 31.12.20 Activity General Funds Apex Tènacious Kids Care Aller School Tenacious on Wednesday 10 General Funds General Funds 426 15,412 1.918 426 RAISING FUNDS Other trading activitiès 31.12.21 31.12.20 Book Sales Costs The Source Centre 3.301 3,499 3.308 coniinued... 22
LONDON RIVERSIDE CHURCH NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 CHARITABLE ACTIVITIES COSTS Support costs (see note 81 Direcl Costs Totals General Fund5 SUPPORT COSTS 31.12.21 31.12.20 IT. ollice and other Property Finance Accountancy GovernancE.' Audil0rf5 remuneration 13,936 60,779 58,978 8,882 5,700 16,044 31.228 Y1,989 11,296 3,114 148.275 133,671 TRUSTEES. REMUNERATION AND BENEFITS Key Management Personal Disclosure.. The charity considers its key management personnel to comprise the Iru5tees, elders, pastor and P85toral team leaders. Total key personnel employee benefits are É211.14812020.' É162,8611 The trustee, Rev Dr G A Wheeler, received remuneration of £47,64012020'.£66.0001 and pension contributions ol £1,22212020..21,1941 lor his role a5 senior pastor. There were no trustees, remuneration or other benellts lor the year ended 31 December 2021 nor lor thè year ended 31 Decèmber 2020. Trustee5' expenses There were no trustees, expenses paid for the year ended 31 December 2021 nor lor the year ended 31 December 202D. 10. STAFF COSTS 31.12.21 31.12.2Q Wages and Salaries Workplace Pension Employer National Insurancè 309.265 369.A14 7.385 341,286 402 752 The average monthly number OF employees during the year was as follows: 31.12.21 13 31.12.20 26 No employees received emoluments In excess of £60,000. RedUndatY costs of £27,ODO are included in the 2020 figures Continued... 23
LONDON RIVERS5DE CHURCH NOTES TO THE F1NANCIAL STATEMENTS Iconlinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Endowment fund Total funds INCOME AND ENDOWMENTS FROM Danalion5 and legacies 593,394 71,235 664,629 Charitable atllvilies General Funds 17.740 17,7&0 other trading activities Investment income 32,862 32,862 Tolal 6fj4,001 715.236 EXPENDITURE ON Raising funds 3,499 3,499 Charllable attlvities General Funds 662.273 22,000 684,273 Tolal 665,772 22.000 687,772 NINCOME11ExPENDlTREl 49,235 27.46 RECONCILIATION OF FUNDS Total funds brought forward 214.544 1,039,282 1.282,550 2,536,376 TOTAL FUNDS CARRIED FORWARD 192 773 1,088,517 1282.550 2 563 840 conlinued... 24
LONDON RIVERSIDE CHURC NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 12. TANGIBLE FIXED ASSETS Fixtures and Freehold property Motor vehicles Computer equipment Totals COST At l January 2021 Additions Disposals 3.807,065 60.748 159 11.700 ID8.579 13,785 3,988,092 13,9&4 117001 111,7001 Al 31 December 2021 3,807 D65 60,907 122364 3 990 336 DEPRECIATION At l January 2021 Charge lor year Eliminated on dispDsal 24.536 5,948 11,700 96,018 12,042 132,254 37.990 {11,700 20,00 At 31 December 2021 20,000 30.484 108060 158.544 NET BOOK VALUE At 31 December 2021 3 787.065 30,423 14,304 3,831792 At 31 December 2020 3.807 065 3.855 838 13. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONEYEAR 31.12.21 31.12.20 Olher debtors - Gilt Aid elc. 51.764 51,764 nliiiued...
LONDON RIVERSIT)E CHURCH NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 31.12.20 Bank loans and overdralts (see note 16) Trade Creditors Taxation and social security Othèr Creditor 6.733 5,700 7,067 &4.459 3,115 21,194 6?,716 68,768 15. CREDITORS.. AMOUNTS FALLING DUE ER MORETHAN ONE YEAR 31.12.21 31.12.20 Bank loans (see note161 1257 062 1330 579 16. LOANS An analy51S DI the malurily ol loans is given below.. 31.12.21 31.12.20 Amounts fBlling due within one year on demand.. Mortgage 6,733 44,459 Amount5 falling due in more than live years.. Repayable by inslalments.. Bank loans more 5 yr. by instal 1,257,062 1,330.579 The charity holds a loan with Charity 8ank, which is secured on both ol the properties held by the charity.. London Riverside Building, Parsloes Avenue, Dagenham and the church manse at 62 Naseby Road, Oagenham.The loan is repayable by moTSthly inslalments until 2039 and inlere5t was charged at rates from 3.90/ to 5.00% during the year. 26
LONDON RIVERSIDE CHURCH NDTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31112121 Al In121 Unrèstricted lunds General fund 192,773 19,69 212,&67 Restrictèd funds Reslricled Fund - Building Reslricled - Mission 1,077.518 10,999 148,341 1.125,859 10,999 Endowm•nt funds Endowment - Manse 1,282.550 1.282.550 TOTAL FUNDS Net movement in lunds, inclued in the above are as lolluws.. Income Expenditure Movement in funds Unrestricted funds General fund 6&4,056 1624,3621 19.694 Reslrictod funds Restricted Fund - Building Restricted Fund - Store City 68,341 15,000 120,0001 115,0001 48,341 TOTAL FUNDS 727 397 659,3621 Comparatlves for movom¢nt in lunds Net movement in funds At 31112120 Al 111120 Unrestricted funds General fund 214,544 121,7711 192,773 Restricted lunds Reslricled Fund Building Restricted - Mission 1,028.283 10,999 49.235 1,077.518 10.999 Endowment funds Endowment - Manse 1.282,550 1,282,550 TOTAL FUNDS 2 536 376 27,464 2 563,840 27
LONDON RIVERSIDE CHURCH NOTES TO THE FINANCIAL STATEMENTS Iconlinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 17. MOVEMENT IN FUNDS - continued Comparallve nel movement in funds. included In the above are as follows.. Income Expenditure Movement in fund5 Unreslrlct•d funds General lund 6A4.001 1665,7721 Restrlclod fund5 Reslricled Fund Building 71,235 122,000) a9,235 TOTAL FUNDS 715236 687 772) 27,464 18. RELATED PARTY DISCLOSURES There were no related party transactions lor the year ended 31 December 2021. 19. OPERATING LEASE COMMITMENTS Al the year end Ihe church had oulslanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 31.12,21 31.12.20 Wikhin one year Between two and five years 2,182 2.182 28