**River Church (St Neots) Ltd Report and Accounts Year Ended 31st December 2021** 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 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 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. 4 of 14 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 Whe￿bY 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 ir￿orne 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 Con￿mS 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**|**Restricted**
**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| 7 of 14 ## **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| 8 of 14 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 p￿pared 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| 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 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| 11 of 14 ## (4) Expenditure on Charitable Activities ## Direct Charitable Costs ||**Unrestricted**
**Funds**|**Restricted**
**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| 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 £24,346. 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| 13 of 14 ## (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. 14 of 14