2021-12-31-accounts

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River Church (St Neots) Ltd Report and Accounts Year Ended 31st December 2021

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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

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INFORMATION

Directors/Trustees: Trevor Single 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

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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 2021, 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 2021 despite the disruption 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 both online and in-person. Our in-person meetings were hosted 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 both online and in-person.
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.
By hosting a radio show on Sundays on our local community radio station, Black Cat Radio.
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.

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Financial Review The company has now completed tts thirteenth year of trading and income for Ihe 12 months of trading amounted to £115.422,12020 - £112,56n. of which £19,334,12020 - £18.7021 relates to tax recoverable from HM Revenue & Customs in respect of donations received under Gfft Ad. Totd expenses amounted to £85,155, P020 - £82,733). Reserves Policy The Board of Directors have established a policy WhebY free re5eNes held by the charity should be maintsned at 3 month's expenditure. subject to any need for abnomial urgent expendrf(Ltre. Risk Statemenl The Diréctors have roviewed tha risks to which a smal Charity operating with few employees is exposed. Appropriate procedures are in place to identty. monrtor and review these risks on a regular basis. Public Benefit Statement In planning the activities of the charity the Directors have regard to the guidance on public benefrt Issued by the Charity Commission in September 2013. Directots Responsibilities Gharity law requires us as Directors to prepare financia statements for each accounting year which give a true and fair view of the stste of the charity and of tts irorne and expenditure for the year. Select suitable accounting policies and apply them consistenly. Make judgements and estimates that are reasonable and prLKlent. stste whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. W& are responsible for keeping proper accounting rec(Yds which disclose with reasonable accuracy at any tifne the financid F¥)sition of the company and enable us to ensure that the financial statements comply with the Companies Act 2006, and comply with regulations made under the Charities acL We also have the responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. The trust*s a also responsible for the contents of the trustees report, and the responsibility of the independent examiner in relation to the trustees report is limited to examining the report and ensuring that, on the face of the report. there are no inconsistencies with the figures disclosed in the financial statements. Approval This report was approved by the Directors and signed on their behalf by: Rob McFarl Trustee Date Trustee 5of14

-'] CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trustee members of RIVER CHURCH (ST NEOTS) LTD On account5 for the year ended Charity no (if any) 31ST DECEMBER 2021 1127383 Set out on pages 71014 I report to the truslees on my examination of the accounts of the above charity {"the Trust-l for the year ended 3111212021. As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Direclions given by the Charity Commission under sedion 145(5)Ib) of the Acl Responsibilities and basis of report Independent I have completed my examination. I confirm that no material matters have examlner's ststement come to my attention in connection with the examination which gives me cause to believe that in. any material respect. Ihe accounting CordS were not kept in accordance with section 130 of the Charrties Act". or the accounls did not accord wrth the accounting records,. or the account5 did not comply with the applicable requirements conTrming the fom and conlenl of accounts set out in the Charities (Accounls and Reports) Re9ulations 2008 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no ConmS and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Signed: Date: NaThe- KIM WEBB Relevaryt professional qualrficationlsl or body (if any): Address: , 20 STAPLOE, ST NEOTS. CAMBS, PE19 5JA IER Oct 2018 6of14

STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted Funds	Total Funds	Prior Year
Income
Donations and Legacies	£ 112,381	£ 112,381	£ 110,500
Other Trading Activities	£ 3,038	£ 3,038	£ 2,067
Incoming resources from charitable activities
Other incoming resources	£ 3	£ 3
Total income	£ 115,422	£ 115,422	£ 112,567

Expenditure
Cost of generating funds	£ 226	£ 226	£ 417
Charitable activities	£ 84,929	£ 84,929	£ 82,316
Total expenditure	£ 85,155	£ 85,155	£ 82,733
Net income / (expenditure) before transfer	£ 30,267	£ 30,267	£ 29,834

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	£ 828	£ 828
Net movement in funds	£ 31,095	£ 31,095	£ 29,834

Reconciliation of funds
Total funds brought forward	£ 51,073	£ 51,073	£ 21,239
Total Funds carried forward	£ 82,168	£ 82,168	£ 51,073

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BALANCE SHEET

BALANCE SHEET
	As at 31st December 2021	As at 31st December 2020
Fixed assets
Tangible assets	£ 2,459	£ 3,035
	£ 2,459	£ 3,035

Current assets
Debtors	£ 5,159	£ 4,753
Cash at bank and in hand	£ 75,278	£ 43,983
	£ 80,437	£ 48,736

Liabilities
Creditors: Amounts falling due in one year	£ 728	£ 698
Net current assets less current liabilities	£ 79,709	£ 48,038
Total assets less current liabilities	£ 82,168	£ 51,073
Total net assets less liabilities	£ 82,168	£ 51,073

Represented by
Unrestricted - General Fund	£ 82,168	£ 51,073

Funds of the church	£ 82,168	£ 51,073

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BALANCE SHEET CONTINUED For the year ended 31 t)8cember 2021 the company was entitled to exemption from audtt under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to tIOn 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their responsibiltties for ensuring that the company keeps accounting records which comply with section 386 and 387 of the Act and for preparing financial statements which give a fair and true view of the state of affairs of the company as at the end of the financial period and of its profit or loss for the financial year in accordance with the r8]uirements of sections 394 and 395 and which otherwise mplY with the requirements of the Companies Act 2006 relating to accounts, so far as *i¢able to the company. These financial statements have been ppared in accordance with the provisions relating small companies wtthin part 15 of the Companies Act. and in accordance with FRS 102 SORP. Approved by the Directors and signed on their behalf by: Rob McFa Trustee ne Ma Trustee ra 9of14

CASH FLOW STATEMENT

	2021	2020
Cash fow from operating activities
Net income/(expenditure)	£ 30,264	£ 29,834
Depreciation and loss on sale of assets	£ 1,640	£ 1,520
(Increase)/Decrease in debtors	£ (406)	£ (1,008)
Increase/(Decrease) in creditors	£ 30	£ (9)
Interest from investments	£ 0	£ 0
	£ 31,528	£ 30,337

Cash fow from other sources
Sale proceeds from fxed assets	£ 828	£ 0
Interest from investments	£ 3	£ 0

Cash fow from investing activities
Purchase of fxed assets	£ (1,064)	£ (1,868)

Net increase/(decrease) in cash	£ 31,295	£ 28,469
Cash at bank and in hand at beginning of the year	£ 43,983	£ 15,514
Cash at bank and in hand at end of the year	£ 75,278	£ 43,983

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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	Total 2021	Total 2020
General Donations	£ 93,047	£ 93,047	£ 91,798
Tax Recovered	£ 19,334	£ 19,334	£ 18,702
TOTAL	£ 112,381	£ 112,381	£ 110,500

(3) Cost of Raising Funds

	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
Advertising and Marketing	£ 226		£ 226	£ 417

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(4) Expenditure on Charitable Activities

Direct Charitable Costs

	Unrestricted Funds	Total 2021	Total 2020
Employment Costs (Note 5)	£ 42,827	£ 42,827	£ 40,841
Property Costs	£ 18,437	£ 18,437	£ 18,521
Meeting Costs	£ 3,309	£ 3,309	£ 5,240
Conference and Training	£ 249	£ 249	£ 375
Event Costs	£ 2,463	£ 2,463	£ 1,869
Teaching Materials	£ 492	£ 492	£ 477
Travel and Subsistence Costs	£ 1,195	£ 1,195	£ 3,075
Legal and Professional	£ 362	£ 362	£ 262
Grants and Donations	£ 8,266	£ 8,266	£ 4,838
Finance Costs	£ 731	£ 731	£ 636
Depreciation	£ 1,640	£ 1,640	£ 1,520
TOTAL	£ 79,971	£ 79,971	£ 77,654

Legal and Professional Fees include Governance Costs of £300 (2020: £250), being the independent examiner’s fees.

Support and Administration

	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
Ofce Costs	£ 4,958		£ 4,958	£ 4,662
TOTAL	£ 4,958		£ 0	£ 4,662

Combined Expenditure on Charitable Activities

	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
TOTAL	£ 84,929		£ 84,929	£ 82,316

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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 £24,346. No renumeration was paid to any other trustee during the period. Trustees were reimbursed a total of £922 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 £4,497 (2020: £3,711) were made on behalf of the trustee, Mr R McFarlane.

(6) Tangible Fixed Assets

Cost	Equipment	Total
At 1st January 2021	£ 22,386	£ 22,386
Additions	£ 1,064	£ 1,064
Disposals	£ (4,492)	£ (4,492)
At 31st December 2021	£ 18,958	£ 18,958

Accumulated Depreciation	Equipment	Total
At 1st January 2021	£ 19,351	£ 19,351
Charge for the Year	£ 1,640	£ 1,640
Adjustment on Disposals	£ (4,492)	£ (4,492)
At 31st December 2021	£ 16,499	£ 16,499

Net Book Value	Equipment	Total
At 31st December 2021	£ 2,459	£ 2,459
At 31st December 2020	£ 3,035	£ 3,035

(7) Debtors and Prepayments

(7) Debtors and Prepayments
	2021	2020
Tax Recoverable	£ 1,912	£ 1,506
Bond	£ 1,557	£ 1,557
Other Debtors	£ 1,690	£ 1,690
Total	£ 5,159	£ 4,753

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(8) Cash at Bank and in Hand

	2021	2020
Bank Current Account	£ 75,278	£ 43,983
TOTAL	£ 75,278	£ 43,983

(9) Creditors - Liabilities Falling Due within One Year

	2021	2020
Income Tax and National Insurance	£ 361	£ 340
Accruals	£ 367	£ 358
Total	£ 728	£ 698

(10) Funds as at 31st December 2021

General Funds	Designated Funds	Restricted Funds	Balance at 31st December 2020
£82,168	£0	£0	£82,168

(11) Members

Each member commits to contribute, if the charity is wound up, an amount of £1.

(12) Related Party Transactions

Remuneration of £7431 was paid to Mrs Gillian McFarlane during the year, Rob McFarlane’s wife. There have been no other related party transactions in the reporting period.

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CONTENTS