**River Church (St Neots) Ltd Report and Accounts Year Ended 31st December 2022** 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 2022, 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 2022 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 groups on Friday evenings and Sunday mornings. 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 Finan¢ial Review The company has now completed its thirteenth year of trading and incorne for the 12 months of trading amounted to £124.273.12021 £115,419). of which £19.990,12021 £19.3341 relates to tax recoverable from HM Revenue & Customs in respect of donations received under Gift Aid. Total expenses amounted to £112,210. P021- £85.154). Reserv95 Policy The Board ol Directors have est&lished a policy whereby free reserves held by the charity should be maintsined at 3 months expenditure. subject to any need for abnomal urgent expenditure. Risk Statement The Dire¢tors have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identty. monitor and review these risks on a regLTrlar basis. Public Benefft Ststement In planning the acts'vtties of the charty the Directors have regard to the guidance on public benefft issued by the Charty Commission in September 2013. DI￿t0￿S Respon5ibilitles Charity law requires us as Directors to prepare ffinancial statements for each accounting year which give a true and fair wew of the state of the charrty and of tts in¢ome and expenditure for the Select sultable accounting policies and apply them consistently. Make judgements and estirnates that are reasonable and prudent Stste whether the applicable accounting stsndards have been followed. subject to any material departures disclosed and explained in the accounts. Prepare the financid statements on a going concern basis unless it is inappropriate to presume that the chanty will continue in busin￿& We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financid position of the company and enable us to ensure that th& financial statements Gomply with the Companies Act 2006, and comply with regulations made under the Chartties act. We also have the responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregulariti.es. The trustees are also responsible for the contents of the trustees ￿por¢ 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 approv￿1 by the Directors and signed on their beh￿f by: Rob McFa Trustee Mark Crawlord Trustee Date 5of14 • CHARITY (OMMISSION Independent examlnerfs report on the FOR ENGLAND AND WALES accounts Section A Independent Examiner'5 Report Report to the truste￿1 membern of | RIVER CHURCH (ST NEOTSI LTD On a¢¢ounts f¢r the y￿r 315T DECEMBER 2022 Charlty no (rf any) 1127383 71014 I report to ￿ Iruslees on my examination of tho accourts ￿the al￿10 charity I￿ T￿￿rI for ts year erKled 31J1212022. Rwpon•lbilltlv and IMsl8 of r•port As the dMrity$ tr4tstees. you are resportsible for the preparation of the accrmjnts in accordan￿ wth the requirements ol ￿ Charities Act 2011 rtrE Act?. I reFh)rt in resF*Ct of my examination of Iho TnJ8t's accounts carriod out er Sect￿ 145 of 2011 Aet arvj in carying out my examinatKJn, I have followed all the app￿cable DIreCt￿n$ given by the Charity Commissh?n UrK￿ rye￿10n 1445Kbl of the AL#. Independent I h8ve ¢ompletod my examination. I confimi that no material matters have examlno¢8 statement come lo my attention in ca)nne(lion wilh the eXaMina￿n which gives me cause to tolieve that in. any material fesFec*." the accounbng records were not ke0 ￿ ac¢or[la￿e *ith section 130 of the Charit￿5 Act", or the accounts dKI not accord with the accourtirg rec￿., or Ihe actowts dhg comply wrth ts applicable Tequirem8nts conceming the fomi and content of aCC￿u￿1$ set out in Ihe Charrtie8 (Accwnts arKI Reports) Regulations 2C¥)8 other Ihan any rnquirem¢nt that the accounts give a and fair, view whKh is not a matter o)nsKkred as part of an rndeFeTrJenl examination. I have no coftw￿ have come acyoss no cther mattws in connection Ihtyih ￿ examination lo vthich attention should be drawn in this report in order to enable a proper understanding ofthe accounts lo be reac￿. Signed: Dat•: 13 Nam•: KIM WEBB Relevant prol•sslonal qualillcation(s} or body (rf any): Addr•ss: 20 STAPLOE. ST NEOTS, CAMBS, PE19 5JA 6of14 ## **STATEMENT OF FINANCIAL ACTIVITIES** ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total**
**Funds**|**Prior Year**| |---|---|---|---|---| |**Income**||||| |Donations and Legacies|£
108,396||£ 108,396|£
112,381| |Other Trading Activities|£
15,877||£
15,877|£
3,038| |Incoming resources from charitable
activities|£
177||£
177|| |Other incoming resources|£
121||£
121|£
831| |Total income|£
124,571||£ 124,571|£
116,250| |||||| |**Expenditure**||||| |Cost of generating funds|£
311||£
311|£
226| |Charitable activities|£
111,899||£ 111,899|£
84,927| |Total expenditure|£
112,210||£ 112,210|£
85,154| |Net income / (expenditure) before
transfer|£
12,361||£
12,361|£
31,096| |||||| |**Transfers**||||| |Gross transfers between funds - in||£
9,543||| |Gross transfers between funds - out|-£9543|||| |||||| |**Other recognised gains / losses**||||| |Gains / losses on investment assets||||| |Gains on revaluation, fxed assets,
charity's own use|£
0||£
0|£
0| |Net movement in funds|£
2,818|£
9,543|£
12,361|£
31,096| |||||| |**Reconciliation of funds**||||| |Total funds brought forward|£
82,169||£
82,169|£
51,073| |Total Funds carried forward|£
84,987|£
9,543|£
94,530|£
82,169| 7 of 14 ## **BALANCE SHEET** |**BALANCE SHEET**|||| |---|---|---|---| |||**As at 31st**
**December 2022**|**As at 31st**
**December 2021**| |**Fixed assets**|||| |Tangible assets||£
1,103|£
2,459| |||£
1,103|£
2,459| ||||| |**Current assets**|||| |Debtors||£
3,136|£
5,159| |Cash at bank and in hand||£
91,213|£
75,278| |||£
94,349|£
80,437| ||||| |**Liabilities**|||| |Creditors: Amounts falling due in one year||£
922|£
728| |Net current assets less current liabilities||£
93,427|£
79,709| |Total assets less current liabilities||£
94,530|£
82,168| |Total net assets less liabilities||£
94,530|£
82,168| ||||| |**Represented by**|||| |Unrestricted - General Fund||£
84,987|£
82,168| |Restricted - Building Fund||£
5,643|| |Restricted - Relaunch Fund||£
2,000|| |Restricted - People Needs||£
1,900|| ||||| |**Funds of the church**||£
94,530|£
82,168| 8 of 14 BALANCE SHEET CONTINUED For the year ended 31 December 2022 the company was entiUed to exemption from audit under se¢tion 477 Companies Act 2006. No member of the cornpany has deposited a notice. pursuant to section 476. requiring an audit of these financid statements under the requirements of the Companies Act 2006. The directors a¢kno￿edge their responsibilitses for ensurirKJ that the Gompany keeps accounling 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 penod and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relats'ng to accounts. so far as appticable to the company. These financial statements have been prepared in accordance wtth the provisions relating smati companies within part 15 of the Companies Act, and in accordance with FRS 102 SORP. Approved by the Directors and ggned on th￿r behaw by: Rob MCF Trustee ane Mark Crawford Trustee Da 9of14 ## **CASH FLOW STATEMENT** ||**2022**|**2021**| |---|---|---| |Cash fow from operating activities||| |Net income/(expenditure)|£
12,241|£
30,264| |Depreciation and loss on sale of
assets|£
1,356|£
1,640| |(Increase)/Decrease in debtors|£
2,023|£
(406)| |Increase/(Decrease) in creditors|£
194|£
30| |Interest from investments|£
0|£
0| ||£
15,814|£
31,528| |||| |Cash fow from other sources||| |Sale proceeds from fxed assets|£
0|£
828| |Interest from investments|£
121|£
3| |||| |Cash fow from investing activities||| |Purchase of fxed assets|£
0|£
(1,064)| |||| |Net increase/(decrease) in cash|£
15,935|£
31,295| |Cash at bank and in hand at
beginning of the year|£
75,278|£
43,983| |Cash at bank and in hand at end of
the year|£
91,213|£
75,278| 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 2022**|**Total 2021**| |---|---|---|---|---| |General
Donations|£
78,863|£
9,543|£
88,406|£
93,047| |Tax Recovered|£
19,990||£
19,990|£
19,334| |TOTAL|£
98,853|£
9,543|£
108,396|£
112,381| ## (3) Cost of Raising Funds ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2022**|**Total 2021**| |---|---|---|---|---| |Advertising and
Marketing|£
311||£
311|£
226| 11 of 14 ## (4) Expenditure on Charitable Activities ## Direct Charitable Costs ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2022**|**Total 2021**| |---|---|---|---|---| |Employment
Costs (Note 5)|£
48,534||£
48,534|£
42,827| |Property Costs|£
19,014||£
19,014|£
18,437| |Meeting Costs|£
7,835||£
7,835|£
3,309| |Conference and
Training|£
-||£
-|£
249| |Event Costs|£
16,744||£
16,744|£
2,463| |Teaching
Materials|£
1,226||£
1,226|£
492| |Travel and
Subsistence
Costs|£
2,570||£
2,570|£
1,195| |Legal and
Professional|£
528||£
528|£
362| |Grants and
Donations|£
8,904||£
8,904|£
8,266| |Finance Costs|£
557||£
557|£
731| |Depreciation|£
1,356||£
1,356|£
1,640| |TOTAL|£
107,268||£
107,268|£
79,971| Legal and Professional Fees include Governance Costs of £300 (2021: £300), being the independent examiner’s fees. ## Support and Administration ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2022**|**Total 2021**| |---|---|---|---|---| |Ofce Costs|£
4,631||£
4,631|£
4,958| |TOTAL|£
4,631||£
4,631|£
4,958| ## Combined Expenditure on Charitable Activities ||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total 2022**|**Total 2021**| |---|---|---|---|---| |TOTAL|£
111,899||£
111,899|£
84,929| 12 of 14 ## The charity has 1 full time and 3 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 £27,163. No renumeration was paid to any other trustee during the period. Trustees were reimbursed a total of £1,816 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 £5,027 (2021: £4.497) were made on behalf of the trustee, Mr R McFarlane. ## (6) Tangible Fixed Assets |**Cost**|**Equipment**|**Total**| |---|---|---| |At 1st January 2022|£
18,958|£
18,958| |Additions|£
0|£
0| |Disposals|£
0|£
0| |At 31st December 2022|£
18,958|£
18,958| |**Accumulated Depreciation**|**Equipment**|**Total**| |---|---|---| |At 1st January 2022|£
16,499|£
16,499| |Charge for the Year|£
1,356|£
1,356| |Adjustment on Disposals|£
0|£
0| |At 31st December 2022|£
17,855|£
17,855| |||| |**Net Book Value**|**Equipment**|**Total**| |At 31st December 2022|£
1,103|£
1,103| |At 31st December 2021|£
2,459|£
2,459| ## (7) Debtors and Prepayments ||**2022**|**2021**| |---|---|---| |Tax Recoverable|£
1,579|£
1,912| |Bond|£
1,557|£
1,557| |Other Debtors|£
0|£
1,690| |Total|£
3,136|£
5,159| 13 of 14 ## (8) Cash at Bank and in Hand |(8) Cash at Bank and in Hand||| |---|---|---| ||**2022**|**2021**| |Bank Current Account|£
91,213|£
75,278| |TOTAL|£
91,213|£
75,278| ## (9) Creditors - Liabilities Falling Due within One Year ||**2022**|**2021**| |---|---|---| |Income Tax and National
Insurance|£
532|£
361| |Accruals|£
390|£
367| |Total|£
922|£
728| ## (10) Funds as at 31st December 2022 |**General Funds**|**Designated**
**Funds**|**Restricted Funds **|**Balance at 31st**
**December 2022**| |---|---|---|---| |£84,987|£0|£9,543|£94,530| ## (11) Members Each member commits to contribute, if the charity is wound up, an amount of £1. ## (12) Related Party Transactions Remuneration of £7,843 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