**REGISTERED COMPANY NUMBER: 07566472 (England and Wales) REGISTERED CHARITY NUMBER: 1141885** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **FOR** 

## **REVIVE CHURCH** 



**REVIVE CHURCH** 

**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|18|





**REVIVE CHURCH (REGISTERED NUMBER: 07566472)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of Revive Church are for the benefit of the public. They are as follows: 

A) To advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the directors/trustees from time to time may think fit. 

B) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the directors/trustees from time to time think fit ; and 

C) To advance education in such ways and in such parts of the United Kingdom or the world as the Directors from time to time may think fit. 

## **Volunteers** 

We have 300 normally active volunteers across all the 6 campuses in the charity and they are from the following teams: 

- Leadership Coaching and Revive Academy 

- Revive Team leaders 

- Welcome Team 

- Stewards 

- Office Volunteers 

- Tech Team, All Stars 

- Revival Warriors 

- Youth and the Worship Team 

At an average level, these individuals will typically contribute about 4 hours per week. 

Throughout the pandemic, the active levels of volunteering have been much reduced dependant on the degrees of lockdown and social COVID restrictions at any given time. 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Charitable activities** 

Revive Church continued its missions and ministry throughout this period with Leaders summits, conferences, prayer events, and even some missions to other nations. All of these activities, and those listed directly below, have been significantly affected by the COVID pandemic and much use of virtual platforms has developed. Depending on COVID restrictions we have maintained these programmes as in-person but in reduced numbers to ensure social distancing etc. During lockdown periods, then these were all virtual. Much of the virtual on-line material has run consistently through the whole period to ensure service and ministry to those who have remained away from in-person events for health or personal cautiousness reasons 

The youth work to reach struggling teens in Goole has grown significantly and has become widely recognised. Again this has flexed the provision depending on COVID restrictions. 

In order to increase our impact locally and regionally in church planting, caring for the needy and reaching those in need, we maintain the view that we need to continue to invest in our leadership development pipeline built off a streamed coaching and training programme for various leadership levels. 

We have referred to the guidance contained in the charities commission general guidance on public benefit and complied with section 17(5) of the 2011 charities act. 

The trustees consider that the activities undertaken by Revive Church provide a public benefit to those who are members of the church and those in the wider community. 

Page 1 



**REVIVE CHURCH (REGISTERED NUMBER: 07566472)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **ACHIEVEMENT AND PERFORMANCE** 

## **COVID impact - to the March 2021 and commentary on the whole of 2021 included** 

The pandemic impact up to March 2021 and throughout the rest of 2021 to the time of writing this report, the charities activities have been significantly affected. The charity has complied with all COVID guidance and has had significant periods of no face to face to meetings, events and the like. The decision that was taken very early in the pandemic to invest in an enhanced online presence and to build a TV studio in one of the rented properties continued to serve us well. This has enabled Church services, virtual conferences, virtual youth and children work etc to continue the work of the charity. We have found that through this experience, we have grown the reach of our work with people from across the country and beyond regularly joining our services and events. With the easing of restrictions and the resumption of more live events, we have now simplified this online capability but still provide weekly material on line along with on line training and development programmes. 

Charitable giving during the pandemic has dropped but the drop in income from the large events has also been a significant factor. We assess the pandemic to have caused an overall 20% drop in our income. The furlough scheme has been utilised where staff roles have become unworkable / ineffective. In mid 2020, we took the decision to re-structure our employed staff organisation which resulted in a number of redundancies. This was done in the context of the pandemic but also with the realisation that our new normal post the pandemic will not be a return to the old organisation and ways of reaching our communities. This re-structure has brought our current cash flow back in to a healthy ongoing but small surplus even when furlough scheme payments are removed. With these changes, we do not see any material change to the health, financial risk profile and ongoing viability of the charity. During the pandemic period (June 2020), we completed the sale of the premises at Bridlington Avenue which has naturally enhanced our current cash in the bank. The longer term intent for this money is to support the new building project and this project has effectively paused during the period of pandemic uncertainty. 

By projecting the current income rate, then the income picture for the last three years is as follows. o 19-20 £593K actual (almost no COVID impact) o 20-21 £570K actual (Plus £300K income for Bridlington Avenue sale - not included). 

o 21-22 £480K projected (almost no furlough income and no rental income from the Bridlington Avenue property) 

The combined charitable giving from individuals in our largest congregation in Hull has remained strong throughout the whole pandemic period and is the core of the financial stability. 

We have maintained a monthly review of our finances throughout the pandemic with a monthly data set being issued to Jarrod Cooper and Stewart McKinlay. This has focused on the bank balance figures with trends and the detailed income and expenditure (with trends) for all the charity departments. At the simple headline, we have maintained a consistent performance of average monthly income exceeding expenditure. 

Our volunteers have been critical to the pre-pandemic success of the charity and our new normal post the pandemic will maintain a greater reliance on our volunteer base. 

During the pandemic we have continued to run with the enhanced profile and emphasis of our pastoral care work whether that be to support staff or our congregation, visitors or general community outreach. 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

We currently follow the principles as laid out by SORP and specifically the guidance from the Charity Finance Group. 

Over the long term and if in the absence of a live and financially active building project (or planned major expense activity) and with our desire to invest the majority of available funds in our charitable activities, then our normal stance would be a low level of minimum cash reserves and to adjust our flexible expenditure so as to dampen out unforeseen variances. 

This results in a monthly cash reserves minimum policy of one month's salary expenditure which is approximately £25,000. The cash reserves upper limit is set at this lower figure plus 4 standard deviations which is approximately £115,000. Reserve levels outside of this band warrant debate and approval at a minuted Board meeting. 

Up to the present time a major expense building project did exist and was the planned new Church Centre building project. Due to the pandemic, increased building cost quotations and an uncertainty as to what the next few years hold for us, the decision has been taken to close the intended project for a large new HQ facility on Kingswood, Hull. We still require a new facility, but the scope of that has been scaled back quite considerable and we are actively looking for what opportunities are available to meet this new need. As a matter of note, we are actively saving towards this new but reduced scale of headquarters and although this does not affect our minimum reserves policy, the maximum reserves has been removed and our actual cash reserves are in excess of this figure but purely with the intent of supporting this intended project / purchase. 

Page 2 



**REVIVE CHURCH (REGISTERED NUMBER: 07566472)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **FUTURE PLANS** 

As already mentioned, our future plans had included building a new and large headquarters for community impact, leadership development and training on Kingswood. We had also intended to increase from the 8 locations we currently serve to 20, with new campuses (churches) and outreaches (clubs, services) across the region. Although not fully confirmed, post the pandemic, the way to achieve this same goal may change to a more blended model that includes a greater reliance of online activities. The new building project has been reviewed and alternative ways to achieve a new but smaller permanent HQ are now being pursued. At the time of reporting, the decision has been made not to pursue the original large new build facility on Kingswood. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association 

## **Recruitment and appointment of new trustees** 

The company may by ordinary resolution appoint a person who is willing to act as either to fill a vacancy or as an additional director/trustee, provided the appointment does not cause the number of directors/trustees to exceed any number fixed by or in accordance with the Articles as the maximum number of directors/trustees. 

## **Induction and training of new trustees** 

In the event that a new director is appointed to the board it shall be the responsibility of the Chair of the Board Directors to ensure appropriate information and if necessary training is available to ensure the new appointee can discharge their duties in a competent manner. 

## **Key management remuneration** 

We use two benchmark salary points from the AoG (associate minister and minister) and treat these as firm guides for our equivalent roles. The most important benchmark is the minister role which is recorded in Directors meeting minutes. Deviation from these benchmarks can be proposed for reasons such as experience level, sustained performance etc. but must be approved by the non-paid Directors. Other paid roles are then remunerated in relation to these two benchmark salaries. 

General cost of living pay increases are guided by the Government official inflation figures. For this financial year we awarded 1.5% and this was approved by the non-paid Directors. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

## **Principal risks and uncertainties** 

At a statistical level we are financially very stable. We have had a sustained period of growth over the last 12 years during which we averaged low double digit annual income growth. We have a mature leadership and Governance structure and as such, the ongoing charitable activities are deemed as low risk. The significant current risk in front of the charity is the pandemic impact to income and this has been tightly monitored and the 20% overall reduction has been compensated for through tight expense control and the reduction in paid staff the redundancy programme in the prior year. The other major risk was the large new building on Kingswood and this project has been closed. The intent is to secure a smaller and significantly lower cost facility which is much more suited to a post pandemic changed ways of working for the charity. 

The charity expenses include discretionary spend of around £100,000 per year (gifts to other groups(c. £50,000), projects and conferences) which can be diverted at relatively short notice. During the pandemic period, this discretionary spend has been reduced due to very limited live / in person events. The gifts to other groups has been maintained. As already stated, the pandemic risks to the overall heath and financial risk profile has not had a material effect on the charity (post the reduction in salaried staff). The principle risks looking forward and mitigating actions are as follows. 

1. Income growth is less than forecast. Rather than the historical growth, a four year period of no growth and some further decline has been modelled. Over this period the discretionary spend (giving, small projects and conferences) would be cut by 60% which would leave the charity with a small overall surplus. 

2. The building project suffers cost overrun. As already covered, the decision has been made to close this project and to seek a smaller and lower cost facility. We are also looking to avoid a new build given the very high current construction costs. To minimise future risks, we are only pursuing options that allow for a much smaller future mortgage in financial planning. With this change in strategy for our new HQ facility, the previously reported new build risks no longer apply and have been removed from this report. 

Page 3 



**REVIVE CHURCH (REGISTERED NUMBER: 07566472) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 

07566472 (England and Wales) 

**Registered Charity number** 1141885 

**Registered office** Kingswood House Ground Floor Ashcombe Road Hull HU7 3DD **Trustees** Rev. J. Cooper N. Lendon A. B. Akomolafe S. McKinlay Mrs. L. Dixon **Company Secretary** Mr. N. Lendon **Independent Examiner** C. M. Tams A.C.A. 12 Abbey Road GRIMSBY DN32 0HL **Bankers** Co-operative Bank plc P O Box 250 Skelmerdale WN8 6WT **Solicitors** Geldards LLP Number One Pride Place Pride Park Derby DE24 8QR 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of Revive Church for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Page 4 



**REVIVE CHURCH (REGISTERED NUMBER: 07566472)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

Approved by order of the board of trustees on 20 December 2021 and signed on its behalf by: 

S. McKinlay - Trustee 

Page 5 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REVIVE CHURCH (REGISTERED NUMBER: 07566472)** 

## **Independent examiner's report to the trustees of Revive Church ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying 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** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of A.C.A. which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

C. M. Tams A.C.A. 12 Abbey Road GRIMSBY DN32 0HL 

20 December 2021 

Page 6 



**REVIVE CHURCH** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**Charitable activities**<br>5<br>Church<br>Other trading activities<br>3<br>Investment income<br>4<br>Other income<br>6<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>7<br>Church<br>**NET INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>18<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>419,886<br>13,624<br>36<br>223<br>84,708<br>518,477<br>440,832<br>77,645<br>(92,843)<br>(15,198)<br>523,817<br>508,619|Restricted<br>funds<br>£<br>47,758<br>-<br>-<br>501<br>3,573<br>51,832<br>154,140<br>(102,308)<br>92,843<br>(9,465)<br>498,059<br>488,594|31.3.21<br>Total<br>funds<br>£<br>467,644<br>13,624<br>36<br>724<br>88,281<br>570,309<br>594,972<br>(24,663)<br>-<br>(24,663)<br>1,021,876<br>997,213|31.3.20<br>Total<br>funds<br>£<br>551,437<br>48,583<br>665<br>1,174<br>-|
|---|---|---|---|---|
|||||601,859<br>578,326|
|||||23,533<br>-|
|||||23,533<br>998,343|
|||||1,021,876|



## **CONTINUING OPERATIONS** 

All income and expenditure has arisen from continuing activities. 

The notes form part of these financial statements 

Page 7 



**REVIVE CHURCH (REGISTERED NUMBER: 07566472)** 

## **BALANCE SHEET** 

## **31 MARCH 2021** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>14<br>**CURRENT ASSETS**<br>Debtors<br>15<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one year<br>16<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**NET ASSETS**<br>**FUNDS**<br>18<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Unrestricted<br>funds<br>£<br>202,935<br>16,593<br>306,069<br>322,662<br>(16,978)<br>305,684<br>508,619<br>508,619|Restricted<br>funds<br>£<br>-<br>703<br>487,891<br>488,594<br>-<br>488,594<br>488,594<br>488,594|31.3.21<br>Total<br>funds<br>£<br>202,935<br>17,296<br>793,960<br>811,256<br>(16,978)<br>794,278<br>997,213<br>997,213<br>508,619<br>488,594<br>997,213|31.3.20<br>Total<br>funds<br>£<br>607,413<br>27,916<br>413,542<br>441,458<br>(26,995)<br>414,463<br>1,021,876<br>1,021,876<br>523,817<br>498,059<br>1,021,876|
|---|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2021 and were signed on its behalf by: 

S. McKinlay - Trustee 

The notes form part of these financial statements 

Page 8 



**REVIVE CHURCH** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021** 

|||31.3.21|31.3.20|
|---|---|---|---|
||Notes|£|£|
|**Cash flows from operating activities**||||
|Cash generated from operations|1|(15,958)|23,683|
|Net cash (used in)/provided by operating activities||(15,958)|23,683|
|**Cash flows from investing activities**||||
|Purchase of tangible fixed assets||(4,711)|(34,902)|
|Sale of tangible fixed assets||400,363|-|
|Interest received||724|1,174|
|Net cash provided by/(used in) investing activities||396,376|(33,728)|
|||||
|**Change in cash and cash equivalents in**||||
|**the reporting period**||380,418|(10,045)|
|**Cash and cash equivalents at the**||||
|**beginning of the reporting period**||413,542|423,587|
|**Cash and cash equivalents at the end of**||||
|**the reporting period**||793,960|413,542|



The notes form part of these financial statements 

Page 9 



**REVIVE CHURCH** 

## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

||31.3.21|31.3.20|
|---|---|---|
||£|£|
|**Net (expenditure)/income for the reporting period (as per the**|||
|**Statement of Financial Activities)**|(24,663)|23,533|
|**Adjustments for:**|||
|Depreciation charges|8,289|11,409|
|Loss on disposal of fixed assets|537|-|
|Interest received|(724)|(1,174)|
|Decrease/(increase) in debtors|10,620|(6,940)|
|Decrease in creditors|(10,017)|(3,145)|
|**Net cash (used in)/provided by operations**|(15,958)|23,683|



## 2. 

**ANALYSIS OF CHANGES IN NET FUNDS** 

||At 1.4.20|Cash flow|At 31.3.21|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|413,542|380,418|793,960|
||413,542|380,418|793,960|
|**Total**|413,542|380,418|793,960|



The notes form part of these financial statements 

Page 10 



**REVIVE CHURCH** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

The charity has departed from the Charities SORP and FRS 102 in order to depreciate all freehold property at a rate of 2% on a straight line basis. 

The treatment required by the Charities SORP and FRS 102 where an asset comprises of two or more major components is that each component should be depreciated separately over its useful life and that the value of land is not depreciated. 

The trustees consider that depreciating all freehold property at a rate of 2% on a straight line basis reflects the value of the asset for the charity, and have concluded that the accounts present a true and fair view. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income is deferred only when the charity has to fulfil conditions before it becomes entitled to it. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Freehold property - 2% Straight Line Fixtures and fittings - 20% Straight Line 

Capitalisation Policy - only Fixed Assets costing in excess of £500 are capitalised. 

Freehold property includes £80,000 for land costs, the land is not depreciated. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

Page 11 



**REVIVE CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

|**2.**<br>**DONATIONS AND LEGACIES**<br>Voluntary income<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Other income<br>**4.**<br>**INVESTMENT INCOME**<br>Deposit account interest<br>**5.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Activity<br>Charitable activities<br>Church<br>**6.**<br>**OTHER INCOME**<br>Job Retention Scheme grants<br>**7.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Direct<br>Costs<br>£<br>Church<br>469,849<br>**8.**<br>**GRANTS PAYABLE**<br>Church<br>The total grants paid to institutions during the year was as follows:<br>Colombia Child Care<br>Assemblies of God<br>Heart for Honduras<br>Karis House<br>Mission 24<br>Other Institutions|Grant<br>funding of<br>activities<br>(see note<br>8)<br>£<br>29,318|31.3.21<br>£<br>467,644<br>31.3.21<br>£<br>36<br>31.3.21<br>£<br>724<br>31.3.21<br>£<br>13,624<br>31.3.21<br>£<br>88,281<br>Support<br>costs (see<br>note 9)<br>£<br>95,805<br>31.3.21<br>£<br>29,318<br>31.3.21<br>£<br>-<br>3,620<br>840<br>1,200<br>1,800<br>3,725<br>11,185|31.3.20<br>£<br>551,437|31.3.20<br>£<br>551,437|
|---|---|---|---|---|
||||31.3.20<br>£<br>665<br>31.3.20<br>£<br>1,174<br>31.3.20<br>£<br>48,583<br>31.3.20<br>£<br>-<br>Totals<br>£<br>594,972||
||||31.3.20<br>£<br>48,305<br>31.3.20<br>£<br>7,000<br>3,600<br>840<br>1,300<br>1,800<br>1,314<br>15,854||
|||||15,854|



Page 12 



**REVIVE CHURCH** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **8. GRANTS PAYABLE - continued** 

The total grants paid to individuals during the year was as follows: 

|F & C Ford<br>D Taylor<br>D&M Cooper<br>R M Young<br>C Shore<br>Irene Charis<br>A Charis<br>Georgian Banov<br>Lucy Kenya<br>Sooter Nonhwange<br>Other Individuals<br>**9.**<br>**SUPPORT COSTS**<br>Church<br>**10.**<br>**NET INCOME/(EXPENDITURE)**<br>Net income/(expenditure) is stated after charging/(crediting):<br>Independent examination fee<br>Other accountancy services<br>Depreciation - owned assets<br>Deficit on disposal of fixed assets<br>**11.**<br>**TRUSTEES' REMUNERATION AND BENEFITS**<br>Trustees' salaries<br>Trustees' social security<br>Trustees' pension contributions to money purchase schemes|31.3.21<br>31.3.20<br>£<br>£<br>1,200<br>1,200<br>1,800<br>1,800<br>6,000<br>6,000<br>600<br>600<br>-<br>1,200<br>-<br>2,598<br>4,000<br>7,200<br>-<br>1,895<br>-<br>1,312<br>-<br>2,200<br>4,533<br>6,446<br>18,133<br>32,451<br>Governance<br>Other<br>costs<br>Totals<br>£<br>£<br>£<br>59,186<br>36,619<br>95,805<br>31.3.21<br>31.3.20<br>£<br>£<br>3,479<br>3,960<br>1,440<br>720<br>8,289<br>11,409<br>537<br>-<br>31.3.21<br>31.3.20<br>£<br>£<br>73,151<br>70,786<br>6,433<br>6,467<br>2,213<br>1,748<br>81,797<br>79,001|31.3.21<br>31.3.20<br>£<br>£<br>1,200<br>1,200<br>1,800<br>1,800<br>6,000<br>6,000<br>600<br>600<br>-<br>1,200<br>-<br>2,598<br>4,000<br>7,200<br>-<br>1,895<br>-<br>1,312<br>-<br>2,200<br>4,533<br>6,446<br>18,133<br>32,451<br>Governance<br>Other<br>costs<br>Totals<br>£<br>£<br>£<br>59,186<br>36,619<br>95,805<br>31.3.21<br>31.3.20<br>£<br>£<br>3,479<br>3,960<br>1,440<br>720<br>8,289<br>11,409<br>537<br>-<br>31.3.21<br>31.3.20<br>£<br>£<br>73,151<br>70,786<br>6,433<br>6,467<br>2,213<br>1,748<br>81,797<br>79,001|
|---|---|---|
|||79,001|



The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the charity commission. The following remuneration was paid to the following trustees during the year 

||||31.3.2021|31.3.2020|
|---|---|---|---|---|
||£|£|£|£|
||J. Cooper|N. Lendon|Total|Total|
||||||
|Trustees' salaries|45,947|27,204|73,151|70,786|
|Trustees' social security|4,286|2,147|6,433|6,467|
|Trustees' pension contributions|1,584|629|2,213|1,748|
||||||
||51,817|29,980|81,797|79,001|
||||||



Page 13 



**REVIVE CHURCH** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **11. TRUSTEES' REMUNERATION AND BENEFITS - continued** 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

## **12. STAFF COSTS** 

|Wages and salaries<br>Social security costs<br>Other pension costs<br>The average monthly number of employees during the year was as follows:<br>Church|31.3.21<br>£<br>314,488<br>20,280<br>6,030<br>340,798<br>31.3.21<br>15|31.3.20<br>£<br>299,452<br>21,089<br>6,271|
|---|---|---|
|||326,812|
|||31.3.20<br>17|



No employees received emoluments in excess of £60,000. 

Total paid to key management during the year amounted to £163,477 (2020 - £131,391) 

## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>**Charitable activities**<br>Church<br>Other trading activities<br>Investment income<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Church<br>**NET INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>462,970<br>48,583<br>665<br>532<br>512,750<br>534,932<br>(22,182)<br>2,190<br>(19,992)<br>543,809<br>523,817|Restricted<br>funds<br>£<br>88,467<br>-<br>-<br>642<br>89,109<br>43,394<br>45,715<br>(2,190)<br>43,525<br>454,534<br>498,059|Total<br>funds<br>£<br>551,437<br>48,583<br>665<br>1,174|
|---|---|---|---|
||||601,859<br>578,326|
||||23,533<br>-|
||||23,533<br>998,343|
||||1,021,876|



Page 14 



**REVIVE CHURCH** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. TANGIBLE FIXED ASSETS** 

|**COST**<br>At 1 April 2020<br>Additions<br>Disposals<br>At 31 March 2021<br>**DEPRECIATION**<br>At 1 April 2020<br>Charge for year<br>Eliminated on disposal<br>At 31 March 2021<br>**NET BOOK VALUE**<br>At 31 March 2021<br>At 31 March 2020<br>**15.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Other debtors<br>**16.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>**17.**<br>**LEASING AGREEMENTS**<br>Minimum lease payments under non-cancellable operating leases fall<br>Within one year<br>Between one and five years|Freehold<br>property<br>£<br>622,608<br>2,520<br>(419,670)<br>205,458<br>31,726<br>2,500<br>(18,770)<br>15,456<br>190,002<br>590,882<br>due as follows:|Fixtures<br>and<br>fittings<br>£<br>127,586<br>2,191<br>-<br>129,777<br>111,055<br>5,789<br>-<br>116,844<br>12,933<br>16,531<br>31.3.21<br>£<br>17,296<br>31.3.21<br>£<br>1,503<br>5,672<br>9,803<br>16,978<br>31.3.21<br>£<br>6,852<br>9,870<br>16,722|Totals<br>£<br>750,194<br>4,711<br>(419,670)<br>335,235<br>142,781<br>8,289<br>(18,770)<br>132,300<br>202,935<br>607,413<br>31.3.20<br>£<br>27,916<br>31.3.20<br>£<br>6,964<br>5,099<br>14,932<br>26,995<br>31.3.20<br>£<br>7,665<br>-<br>7,665|
|---|---|---|---|



Page 15 



**REVIVE CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **18. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>Designated for building<br>**Restricted funds**<br>Building project improvements<br>Other<br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Building project improvements<br>Other<br>**TOTAL FUNDS**<br>**Comparatives for movement in funds**<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Building project improvements<br>Other<br>**TOTAL FUNDS**|At 1.4.20<br>£<br>523,817<br>-<br>523,817<br>497,434<br>625<br>498,059<br>1,021,876<br>as follows:<br>At 1.4.19<br>£<br>543,809<br>454,534<br>-<br>454,534<br>998,343||Net<br>movement<br>in funds<br>£<br>77,645<br>-<br>77,645<br>(101,683)<br>(625)<br>(102,308)<br>(24,663)<br>Incoming<br>resources<br>£<br>518,477<br>51,832<br>-<br>51,832<br>570,309<br>Net<br>movement<br>in funds<br>£<br>(22,182)<br>43,820<br>1,895<br>45,715<br>23,533||Transfers<br>between<br>funds<br>£<br>(397,843)<br>305,000<br>(92,843)<br>92,843<br>-<br>92,843<br>-<br>Resources<br>expended<br>£<br>(440,832)<br>(153,515)<br>(625)<br>(154,140)<br>(594,972)<br>Transfers<br>between<br>funds<br>£<br>2,190<br>(920)<br>(1,270)<br>(2,190)<br>-|At<br>31.3.21<br>£<br>203,619<br>305,000<br>508,619<br>488,594<br>-<br>488,594<br>997,213<br>Movement<br>in funds<br>£<br>77,645<br>(101,683)<br>(625)<br>(102,308)<br>(24,663)<br>At<br>31.3.20<br>£<br>523,817<br>497,434<br>625<br>498,059<br>1,021,876|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||



Page 16 



**REVIVE CHURCH** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **18. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Building project improvements<br>Other<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>512,750<br>82,453<br>6,656<br>89,109<br>601,859|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(534,932)<br>(22,182)<br>(38,633)<br>43,820<br>(4,761)<br>1,895<br>(43,394)<br>45,715<br>(578,326)<br>23,533|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(534,932)<br>(22,182)<br>(38,633)<br>43,820<br>(4,761)<br>1,895<br>(43,394)<br>45,715<br>(578,326)<br>23,533|
|---|---|---|---|
||||45,715|
||||23,533|



A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>Designated for building<br>**Restricted funds**<br>Building project improvements<br>Other<br>**TOTAL FUNDS**|At 1.4.19<br>£<br>543,809<br>-<br>543,809<br>454,534<br>-<br>454,534<br>998,343|Net<br>movement<br>in funds<br>£<br>55,463<br>-<br>55,463<br>(57,863)<br>1,270<br>(56,593)<br>(1,130)|Transfers<br>between<br>funds<br>£<br>(395,653)<br>305,000<br>(90,653)<br>91,923<br>(1,270)<br>90,653<br>-|At<br>31.3.21<br>£<br>203,619<br>305,000|
|---|---|---|---|---|
|||||508,619<br>488,594<br>-|
|||||488,594|
|||||997,213|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,031,227|(975,764)|55,463|
|**Restricted funds**||||
|Building project improvements|134,285|(192,148)|(57,863)|
|Other|6,656|(5,386)|1,270|
||140,941|(197,534)|(56,593)|
|**TOTAL FUNDS**|1,172,168|(1,173,298)|(1,130)|



The building fund was established for improvements to the premises at Bridlington Avenue, Hull and is also now generating funds for the purchase of a new church building. 

Other restricted funds include small donations for specific projects or missions trips. 

Transfers into the general fund of £2,520 (2019: £2,190) are in relation to assets that have been purchased from restricted income where the restrictions have been met. 

Page 17 



**REVIVE CHURCH** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **18. MOVEMENT IN FUNDS - continued** 

Transfers from the general fund includes an adjustment of £95,363 in relation to costs incurred on a proposed new church that have previously been capitalised but which have been written off in the year ended 31 March 2021 as the decision has been taken not to proceed with the development. 

Proceeds received of £305,000 for the sale of the Bridlington Avenue property have been transferred from the general fund to a designated building fund to be used towards the costs of a new building. 

## **19. EMPLOYEE BENEFIT OBLIGATIONS** 

The charity makes contributions for all of its employees into a defined contribution schemes. The amount charged to the Statement Of Financial Activities during the year was £6,030 (2020 - £6,271) and the amount payable at the balance sheet date was £1,138 (2020 - £1,198). 

## **20. RELATED PARTY DISCLOSURES** 

Donations made by Trustees to the charity during the year amounted to £41,028 (2020 - £45,718). 

Page 18