**River Church (St Neots) Ltd Report and Accounts Year Ended 31st December 2020** 1 of 14 ## **CONTENTS** |Information|Page 3| |---|---| |Report of the Directors/Trustees|Page 4| |Independent Examiners Report|Page 6| |Statement of Financial Activities|Page 7| |Balance Sheet|Page 8| |Cash Flow Statement|Page 10| |Notes to the Accounts|Page 11| 2 of 14 ## **INFORMATION** Directors/Trustees: Trevor Single (from 09/07/2020) Rob McFarlane Mark Crawford Colin Makin Gregg Donaldson Governing Documents: Memorandum & Articles of Incorporation dated 7th November 2008 Company Registration Number 06744133 Charity Registration Number 1127383 Registered Office 33 Staploe, St Neots, PE19 5JA Independent Examiner K. Webb 20 Staploe St Neots PE19 5JA Bankers NatWest plc 3 of 14 ## **REPORT OF THE DIRECTORS / TRUSTEES** The trustees are pleased to present their annual directors' report and the financial statements of the charity for the year ending 31 December 2020, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Objects of the Charity** The primary aims of the Trust are to fulfil the role of a Christian church, to promote the Christian faith and to demonstrate God’s love to the local community and throughout the world through education and the relief of suffering and poverty. ## **Structure, Governance and Management** The organisation is a charitable company limited by guarantee, incorporated on 7th November 2008. The Charity was established under a memorandum of association which established the objects and powers of the charity and it is governed under its articles of association. The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the company. ## **Review of Activities** During the year ended 31st December 2020 despite the distribution to normal activities as a result of the COVID-19 Pandemic the main ways the Charity sought to achieve its objects were as follows: - By conducting weekly public services for Christian worship, teaching and pastoral care open to the whole community. These took place in person only until 15th March 2020 and from 22nd March 2020 mainly online but also in person when able to do so in a COVID-19 safe environment following government guidance and regulations. - By providing and hosting activities for children and young people through our Bubbles, Ripples, Remix groups on Sundays. These took place in person only until 15th March 2020 and online only from 22nd March 2020. - By producing and making available for free Christian teaching resources. This included video and audio recordings and the distribution of the Bible and Christian books. - By the delivery of a Christmas Day lunch to those on their own and distributing toys to children in need in COVID-19 safe way. - By supporting people suffering from bereavement or loss through the provision of counselling or support as part of our pastoral care for the community. - - By supporting Christian missionary work with advice, human resources and financial support. - By making Rob McFarlane available to strengthen local churches in the United Kingdom. This took place in person until 15th March 2020 and online from 22nd March 2020. - By hosting the Puddles Stay and Play Group at The Eaton’s Centre providing support, advice and life skills to parents and carers of under 5 year olds in the community. This took place until 15th March 2020 and was suspended as a result of COVID-19. - By hosting the Puddles Tea and Play Group at The Eaton’s Centre providing an after school club for primary age children in the community. This took place until 15th March 2020 and was suspended as a result of COVID-19. - By promoting positive community relationships and good citizenship through partnership with other local organisations, including partnership with other local churches, local government and community organisations. 4 of 14 Financial Re¥bew The company has now completed rts twlh year of tr￿lIr￿j and irK%)me for the 12 months of trading amounied lo £112.567.12019- £115,8931. ol whrh £18,702. (2019 - £17,392) ￿lateS lo lax recoverable frrjn HM Revenue & Customs in resp8Ct of donalions received under Gift ￿"d. Totat expenses amount￿ to £82.733.12019- £114.432). Reserves Policy The BoaTd ol DireCt￿S have 8stabh.shed a wh• fffje ra$￿85 held by the ¢harity shtsjld be ma4rtained at 1 month* expeftdrtu￿, subl￿t lo any need for atffyymal urgenl expenditu￿. The Di￿lOr5 have reviewed the risks to which a small ciiafity operating with few employees is gxp)sed. Appropriate procedures are in placa to My￿tity. monitor and rovitiw these risks on a regular basis. Publi¢ 8enetit Stalement In ￿annIng the activities ol ihe chanty the threciofs have regard lo the guIdar￿e on put￿1¢ benefi't issued by the Charity Commission in Seplemtw 2013. Director% Responsibilities Chanty law ￿￿lre$ us as Directors to prepare financ￿1 statements for pach accounling year whict) give a true ￿ fair vi8w ol the stst@ of the chartty aThJ of Its irwme and expenditure for the . Select suitatk accounting wlicies appty them consistenty. . Make judgements and estimates that a￿ reasonable and rxutjent. . State whether Ihe applicable acccwnting standards have be￿ toll¢)**d. gjbj'ecl lo ￿Y matertal departures disclosed and explained in the accounts. Prepare the Iinancial statements on a g)tng concern bass it is snappropnatÈ to presume that the charity WEII conts.nue in t)U5W. We are responsible for keeping propef accounting records which disclose with reasonable accuracy al any time the financ%al p05ttion of ihe CoMp￿Y and enable us lo ensure that the f￿ancIal *atements comply with the ConpaD￿S Act 2TrA. arma ethnply with regulations made uitiler Ihe Charities act. We also have the responsibilily to sateguard the assets of the chanty and to take rea%)nabie steps lo pwent Irautj or any other irTegularities. The Instees are also responsible for the contents of th¢ trustees report. and the ￿SpOn￿bFIty of the independent examiner In relaiion lo the ttusleès report is limrted to examining the rewrt and ensunng that. on the lace ol Ihe rep)rt, there are no inconsislencies wilh the frgures disclosed in the financ￿1 statements. Approval This rep￿( was apwoved by the Th"rectors arKI signed on their tjehalf by: Rob McFartane Trustee Date Mark Cratp41' Twslee Dale 50114 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent ExamineVs Report Report to the trusteesldirectorsl members of RIVER CHURCH (ST NEOTS} LTD On accounts for the year ended 31ST DECEMBER 2020 Charity no.: 1127383 Company no.: 06744133 Set out on pages 7T014 I report to the charity trustees on my examination of the accounts of the Company for the year ended 3111212020. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the Cotnpany for the purposes of company law), you are responsible for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2006 (Ihe 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinalion of your charity's accounts as carried out under section 145 of the Charities Act 2011 {"the 2011 Act'l. In carying out my examination, I have followed the Directions given by the Charity Commission (under section 145{5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no malerial matters have come to my attention which gives me cause to believe that.. accounting records were not kepl in accordan￿ with section 386 of the Companies Act 20C￿., or the accounts do not accord with such records., or the accounts do nol comply wrth relevant accounting requirements under section 396 of the Companies Act 2006 other than any reqUI￿rnent that the accounts give a 'true and fair, view which is nol a matter considered as part of an independent examination." or .the accounts have nol been prepared in accordance wrth the Charities SORP {FRS102} IER October 2018 I have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed." Date: Name: KIM WEBB Relevant professional qualification(sl or body lif any): Address: 20 STAPLOE, ST NEOTS, CAMBRIDGESHIRE, PE19 5JA Section B Disclosure Only complele if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners}. Give here brief details of any items that the examiner wishes to disclose. IER October 2018 ## **STATEMENT OF FINANCIAL ACTIVITIES** ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total**
**Funds**|**Prior Year**| |---|---|---|---|---| |**Income**||||| |Donations and Legacies|£
110,500||£ 110,500|£
108,241| |Other Trading Acrivities|£
2,067||£
2,067|£
7,619| |Incoming resources from charitable
activities||||£
33| |Other incoming resources||||| |Total income|£
112,567||£ 112,567|£
115,893| |||||| |**Expenditure**||||| |Cost of generating funds|£
417||£
417|| |Charitable activities|£
82,316||£
82,316|£
114,432| |Total expenditure|£
82,733||£
82,733|£
114,432| |Net income / (expenditure) before
transfer|£
29,834||£
29,834|£
1,462| |||||| |**Transfers**||||| |Gross transfers between funds - in||||| |Gross transfers between funds - out||||| |||||| |**Other recognised gains / losses**||||| |Gains / losses on investment assets||||| |Gains on revaluation, fxed assets,
charity's own use||||| |Net movement in funds|£
29,834||£
29,834|£
1,462| |||||| |**Reconciliation of funds**||||| |Total funds brought forward|£
21,239||£
21,239|£
19,777| |Total Funds carried forward|£
51,073||£
51,073|£
21,239| 7 of 14 ## **BALANCE SHEET** |**BALANCE SHEET**|||| |---|---|---|---| |||**As at 31st**
**December 2020**|**As at 31st**
**December 2019**| |**Fixed assets**|||| |Tangible assets||£
3,035|£
2,687| |||£
3,035|£
2,687| ||||| |**Current assets**|||| |Debtors||£
4,753|£
3,745| |Cash at bank and in hand||£
43,983|£
15,514| |||£
48,736|£
19,259| ||||| |**Liabilities**|||| |Creditors: Amounts falling due in one year||£
698|£
707| |Net current assets less current liabilities||£
48,038|£
18,552| |Total assets less current liabilities||£
51,073|£
21,239| |Total net assets less liabilities||£
51,073|£
21,239| ||||| |**Represented by**|||| |Unrestricted - General Fund||£
51,073|£
21,239| ||||| |**Funds of the church**||£
51,073|£
21,239| 8 of 14 BALANCE SHEET CONTINUED For the yew endod 31 December 2020 the company was enlilled to exemption from audjt under section 477 Companies Acl 20{￿. No member ol the company has deFM)Sited a notice. Wrsuanl lo section 476. requiring an audit of Ihese financbai 51atemenls under the reqUI￿rnents of the directors acknowledge their responsitslities lor ensunng that the crjmpany keeps accounting records which comply wrth secli¢Ji 386 and 387 of the Act and for pwing financial statements which give a laif and true view of the stste of affabTS of the company as al end of the financial pertod and ol its profit or loss for the financ￿1 year in accordance with the rBquirements of seclions 394 and 395 and which olherw15e comply wrth Ihe requirements ol ihe Cornp8nies Act 21)J6 relating to aCc(￿￿ts, so far as apFAicabJe to the company. These statements l%ave be￿ prepar&l in accordance *ith the provisions relats.ng small companies within p•t 15 of the C￿jaft￿ Ad, and in ￿Cord￿ with FRS 102 SORP. Approved by the f￿reet￿5 ar￿ sigwj on their tthalf ty: Rob MCF Trnstee Date Mark CraVrf￿d Tnjstee Dale 90114 ## **CASH FLOW STATEMENT** ||**2020**|**2019**| |---|---|---| |Cash fow from operating activities||| |Net income/(expenditure)|£
29,834|£
1,462| |Depreciation and loss on sale of
assets|£
1,520|£
1,403| |(Increase)/Decrease in debtors|£
(1,008)|£
1,317| |Increase/(Decrease) in creditors|£
(9)|£
(1,679)| |Interest from investments|£
0|£
0| ||£
30,337|£
2,503| |||| |Cash fow from other sources||| |Sale proceeds from fxed assets|£
0|£
0| |Interest from investments|£
0|£
0| |||| |Cash fow from investing activities||| |Purchase of fxed assets|£
(1,868)|£
(1,279)| |||| |Net increase/(decrease) in cash|£
28,469|£
1,224| |Cash at bank and in hand at
beginning of the year|£
15,514|£
14,290| |Cash at bank and in hand at end of
the year|£
43,983|£
15,514| 10 of 14 ## **NOTES TO THE ACCOUNTS** ## (1) Accounting Policies The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. In preparing the accounts the trustees have considered whether in applying accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. The accounts present a true and fair view and no changes have been made to accounting policies adopted in note 1. Donated and grant income: Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity’s debtors. Expenditure: Expenditure, including irrecoverable VAT is taken into account when incurred by the Charity, regardless of when payment is made. Funds: Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used. Fixed assets and depreciation: Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £100 when they are written off on purchase. Depreciation periods on Equipment is between 3 and 5 years. Taxation: The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts. ## (2) Donations and Legacies ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2020**|**Total 2019**| |---|---|---|---|---| |General
Donations|£
91,798||£
91,798|£
98,501| |Tax Recovered|£
18,702||£
18,702|£
17,392| |TOTAL|£
110,500||£
110,500|£
115,893| ## (3) Cost of Raising Funds ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2020**|**Total 2019**| |---|---|---|---|---| |Advertising and
Marketing|£
417||£
417|£
0| 11 of 14 ## (4) Expenditure on Charitable Activities ## Direct Charitable Costs ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2020**|**Total 2019**| |---|---|---|---|---| |Employment
Costs (Note 5)|£
40,841||£
40,841|£
40,174| |Property Costs|£
18,521||£
18,521|£
19,802| |Meeting Costs|£
5,240||£
5,240|£
17,367| |Conference and
Training|£
375||£
375|£
487| |Event Costs|£
1,869||£
1,869|£
8,106| |Teaching
Materials|£
477||£
477|£
1,054| |Travel and
Subsistence
Costs|£
3,075||£
3,075|£
15,219| |Legal and
Professional|£
262||£
262|£
393| |Grants and
Donations|£
4,838||£
4,838|£
6,131| |Finance Costs|£
636||£
636|£
698| |Depreciation|£
1,520||£
1,520|£
1,403| |TOTAL|£
77,654||£
77,654|£
110,834| Legal and Professional Fees include Governance Costs of £300 (2019: £250), being the independent examiner’s fees. ## Support and Administration ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2020**|**Total 2019**| |---|---|---|---|---| |Ofce Costs|£
4,662||£
4,662|£
3,597| |TOTAL|£
4,662||£
4,662|£
3,597| Combined Expenditure on Charitable Activities ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2020**|**Total 2019**| |---|---|---|---|---| |TOTAL|£
82,316||£
82,316|£
114,432| 12 of 14 ## The charity has 1 full time and 2 part time employed staff. No staff received salaries at a rate of more than £60,000 per annum. Rob McFarlane, a trustee received remuneration of £24,279. No renumeration was paid to any other trustee during the period. Trustees were reimbursed a total of £1,848 in conference, training, travel, subsistence and miscellaneous expenses all of which was directly relevant to their role as leaders or trustees of the church. Pension contributions of £3,711 (2019: £3449) were made on behalf of the trustee, Mr R McFarlane. ## (6) Tangible Fixed Assets |**Cost**|**Equipment**|**Total**| |---|---|---| |At 1st January 2020|£
20,518|£
20,518| |Additions|£
1,868|£
1,868| |Disposals|£
0|£
0| |At 31st December 2020|£
22,386|£
22,386| |**Accumulated Depreciation**|**Equipment**|**Total**| |---|---|---| |At 1st January 2020|£
17,831|£
17,831| |Charge for the Year|£
1,520|£
1,520| |Adjustment on Disposals|£
0|£
0| |At 31st December 2020|£
19,351|£
19,351| |||| |**Net Book Value**|**Equipment**|**Total**| |At 31st December 2020|£
3,035|£
3,035| |At 31st December 2019|£
2,687|£
2,687| ## (7) Debtors and Prepayments |(7) Debtors and Prepayments||| |---|---|---| ||**2020**|**2019**| |Tax Recoverable|£
1,506|£
1,495| |Bond|£
1,557|£
2,000| |Other Debtors|£
1,690|£
250| |Total|£
4,753|£
3,745| 13 of 14 ## (8) Cash at Bank and in Hand ||**2020**|**2019**| |---|---|---| |Bank Current Account|£
43,983|£
15,514| |TOTAL|£
43,983|£
15,514| ## (9) Creditors - Liabilities Falling Due within One Year ||**2020**|**2019**| |---|---|---| |Income Tax and National
Insurance|£
341|£
349| |Accruals|£
358|£
358| |Total|£
698|£
707| ## (10) Funds as at 31st December 2019 |**General Funds**|**Designated**
**Funds**|**Restricted Funds **|**Balance at 31st**
**December 2020**| |---|---|---|---| |£51,073|||£51,073| ## (11) Members Each member commits to contribute, if the charity is wound up, an amount of £1. ## (12) Related Party Transactions Remuneration of £7200 was paid to Mrs Gillian McFarlane during the year, Rob McFarlane’s wife, together with reimbursed travel expenses of £1080.25. There have been no other related party transactions in the reporting period. 14 of 14