The River Church Chelmsford Ltd (formerly Oasis Chelmsford Ltd)
Report and Accounts Year ended 31 March 2022
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
THE RIVER CHURCH CHELMSFORD LTD
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022
Directors / trustees J Godward M Smith S Cruse P Seeley Key staff P Bardwell - Lead Elder - full time employed R Leverett - Foodbank manager - part time employed Governing Document Memorandum and Articles of Association dated 28 June 2011 Company Registration Number 07685257 Charity Registration Number 1144804 Registered Office North Avenue Christian Centre 7 North Avenue Chelmsford CM1 2AL Independent Examiner Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers HSBC Bank Chelmsford
| Contents | Page |
|---|---|
| Company Information | 1 |
| Directors Report | 2-3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7-12 |
| Detailed Statement of Financial Activities with Comparatives | 13 |
Page 1
THE RIVER CHURCH CHELMSFORD LTD TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year to 31st March 2022.
Objects of the charity
The charity seeks to demonstrate the Christian faith in action by the advancement of Christianity, starting in the Chelmsford area, but through our network changing the world.
Government
The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the charitable Company.
Review of Activities
The objects of the charity are to advance the Christian faith in order to proclaim and further the good news of God and His Son, the Lord Jesus Christ, and the preach the Christian faith through the power of His Spirit. In so doing, we aim to continue to grow as a vibrant, life-giving community. The charity has one full time elder and a part time administrator, and a number of part time staff in paid and voluntary roles.
The local church works as a body of people who volunteer their resources to establish a vibrant and varied community. Our total number including children during the year ended 31 March 2022 has varied at around 80 but with Covid restrictions reducing, we have seen individuals and families joining with us over the year in question.
We continue to invest in our children and youth work by employing Sarah for 16 hours a week during term time. Her support has been of particular benefit to our young people both during lockdown and the Covid restrictions, where many have really struggled with their mental wellbeing and social interactions, particularly when they were also out of school, and also with normality returning but in ways different to pre-pandemic times.
The essential programme of events across the life of the Oasis church community that were in place last year have continued throughout this year but some in a slightly different form at times.
The year has seen us continuing to work with several other churches in Chelmsford and the local area, particularly with other churches that we relate to within the ‘Living Fires’ network (a network of churches from different cities, towns and countries). We also are a core church within ‘Transforming Essex’, a collaboration of churches and individuals across Essex to see ministries and projects established. Our relationship with other churches in the town has continued to develop as part of Churches Together in Chelmsford (CTIC) and Peter Bardwell, our full-time Elder, is the Acting Chairperson.
Our Mission Partnership with the Eastern Synod of the United Reformed Church (in place since September 2018) to recognise the relationship between the two organisations and their commitment to continue existing positive, kingdom-driven work from the premises of North Avenue Christian Centre.
We continue to make some changes to the building so that it accommodates the congregation and give comfort for our children and young peoples work. This financial year sees the Mission Partnership completing its’ major refurbishment programme with the interior and developed access to and from the building.
At this point we are now looking forward prioritizing community relationships and looking at new initiatives for evangelism and discipleship.
Our successful Foodbank project continues to develop and change as we come out of lockdown and can mix a bit easier. After a marked increase in demand last year (about 45%) and the provision of about 65 tonnes of emergency food for 6200 people (3556 adults and 2644 children), this year has shown reductions in demand to 4423 people (2641 adults and 1782 children), near to our 2019-2020 figures meaning less food has been given out. Figures for 2021 – 2022 also shows a reduction in food donations to the Foodbank with donations roughly equating to food given out.
Premises for our Foodbank distribution centres are provided free of charge by local churches and our warehouse is housed in a building leased to us by the Anglican Diocese of Chelmsford. We have continued to upgrade the warehouse and this year has seen the major work of replacing the whole floor, changing it from a bouncy surface to a solid, insulated floor, able to hold the shelving in place securely. Thanks go to the company that allowed us to transfer our warehouse working in its entirety to space they gave to us.
Donated food is sorted, packed, and distributed from the warehouse to the centres for collection by clients by an incredible team of around 100 volunteers.
Page 2
We continue to employ 2 part-time staff, one for 16 hours per week. and one for 22.5 hours per week. This has ensured continuity of management, developing the way we work, and developing additional projects.
Another ministry we began in this financial year began with our affiliation to Community Money Advice (C.M.A.) in April 2021. The purpose being to set up a small team to train in debt advice to primarily help the Foodbank clients when needed. Before this work can be carried out the organisation must register with the Financial Conduct Authority (F.C.A.) and several months were taken up with the application process including preparing Policies and Procedures and a lengthy application form. Towards the end of the year 6 people undertook the Part 1 and 2 training for the C.M.A., 5 of whom passed. We now look forward to using the training to help Foodbank clients who need this assistance.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission
Financial Review
During the year unrestricted income decreased by £2,499 to £87,310 and unrestricted expenditure increased by £2,117 to £86,847. This resulted in an unrestricted surplus for the year of £463 and and increase in unrestricted net current assets to £32,403. Restricted income decreased by £140,054 to £243,338, the majority of which related to the Foodbank including £121,719 of donations in kind. Restricted surplus for the year was £16,939 and restricted net current assets at year end were £258,269.
Reserves Policy
The Board of Directors have established a policy whereby free reserves held by the charity should be maintained at between 3-6 months of committed monthly expenditure. We continue to work positively towards this goal, whilst balancing the ongoing work of the charity commitments.
Risk Statement
The Directors have reviewed the risks to which a small charity operating with few employees are exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.
Directors' Responsibilities
Charity law requires us as Directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.
-
select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will
continue in operation.
We are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the Directors and signed on their behalf by:
J Godward
---------------------------------------------------------------J Godward
Date: 22 December 2022
Page 3
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
THE RIVER CHURCH CHELMSFORD LTD ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 5 to 13 following, which have been prepared on the basis of the accounting policies set out on pages 7 and 8.
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 the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants of England & Wales, 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
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.
Sarah Crispin
Sarah Crispin ACA Institute of Chartered Accountants of England & Wales
For and on behalf of: Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 22 December 2022
Page 4
THE RIVER CHURCH CHELMSFORD LTD
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Interest income Other income Total income and endowments EXPENDITURE ON: Charitable activities: 4 Other Total expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds 11 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 11 |
Unrestricted Funds £ 86,551 66 693 87,310 86,847 86,847 - 463 (448) 15 32,388 32,403 |
Restricted Funds £ 242,981 357 - 243,338 226,399 226,399 - 16,939 448 17,387 245,446 262,833 |
Total Funds 2022 £ 329,532 422 693 330,647 313,245 313,245 - 17,402 - 17,402 277,834 295,236 |
Total Funds 2021 £ 473,147 53 - |
|---|---|---|---|---|
| 473,200 | ||||
| 289,730 | ||||
| 289,730 | ||||
| - | ||||
| 183,470 - |
||||
| 183,470 94,364 |
||||
| 277,834 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on page 7-12 form part of these accounts.
Page 5
THE RIVER CHURCH CHELMSFORD LTD
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2022
| Note FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stock 6 Debtors 7 Cash at bank and in hand 8 CREDITORS: Amounts falling due within one year 9 Net current assets / (liabilities) Total assets less current liabilities TOTAL NET ASSETS FUND BALANCES 11 Unrestricted Funds General funds Restricted Funds |
Unrestricted Funds £ - - - 756 35,174 35,931 3,528 32,403 32,403 32,403 32,403 - 32,403 |
Restricted Funds £ 4,564 4,564 48,443 - 209,825 258,269 - 258,269 262,833 262,833 - 262,833 262,833 |
Total Funds 2022 £ 4,564 4,564 48,443 756 245,000 294,199 3,528 290,672 295,236 295,236 32,403 262,833 295,236 |
Total Funds 2021 £ 9,129 |
|---|---|---|---|---|
| 9,129 | ||||
| 59,946 2,369 209,030 |
||||
| 271,345 2,640 |
||||
| 268,705 | ||||
| 277,834 | ||||
| 277,834 | ||||
| 32,388 245,446 |
||||
| 277,834 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:
-
(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 net income or expenditure 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.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
J Godward
Date: 22 December 2022
J Godward
Company number: 07685257
Charity number: 1144804
The notes on page 7-12 form part of these accounts.
Page 6
THE RIVER CHURCH CHELMSFORD LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
1 Statutory Information
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
The charity changed it's name from 'Oasis Chelmsford Ltd' to 'The River Church Chelmsford Ltd' on 22 July 2022.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention .
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.
b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
-
i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
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ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.
c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
Page 7
THE RIVER CHURCH CHELMSFORD LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Equipment
Over 3 to 7 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
f) Stocks:
Stocks of donated items held for distribution to beneficiaries are measured at fair value. Foodbank stock is valued at £1.75/kg.
g) Pension scheme arrangements
- The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
h) Taxation
The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
i) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
3 Donations and legacies
| Donations and grants of cash and similar Donations in kind Other grants receivable Income tax recoverable Donations in kind comprise the following: Goods donated for: Distribution to beneficiaries Rent free property for use by the charity |
Total 2022 £ 194,011 121,719 - 13,802 329,532 Total 2022 £ 103,719 18,000 121,719 |
Total 2021 £ 269,381 182,794 2,500 18,471 |
|---|---|---|
| 473,146 | ||
| Total 2021 £ 164,794 18,000 |
||
| 182,794 |
4 Charitable expenditure
| 4 Charitable expenditure |
||
|---|---|---|
| a Costs incurred directly on specific activities Employment Costs (note 4e) Building costs Children & youth ministry Speakers expenses Training and conferences Catering Sound and visual costs Travelling Insurance and finance charges Sundry costs Foodbank running costs Vicarage Hall refurbishment Depreciation Donations in kind expensed (note 4c) Grants payable (note 4d) |
Total 2022 £ 84,315 5,566 838 1,715 1,877 131 66 832 1,966 2,695 28,484 33,614 4,564 133,222 8,372 308,257 |
Total 2021 £ 92,964 (972) 118 900 510 218 3,709 126 1,969 372 23,800 - 4,564 147,374 7,157 |
| 282,810 |
Page 8
THE RIVER CHURCH CHELMSFORD LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
b Costs incurred on support & administration
| Costs incurred on support & administration | ||
|---|---|---|
| Governance Office costs Telephones Total expenditure |
4,124 575 289 4,988 313,245 |
3,638 2,464 819 |
| 6,920 | ||
| 289,731 |
Total expenditure
The fee payable to the independent examiner for preparing and examining the accounts was £3,000 (2021: £3,000); in addition the charity paid £727 (2021: £793) to Stewardship for payroll bureau and consultancy services.
c Donations in kind expensed in year
| Foodbank Rent free premises Grants payable Grants for UK and overseas mission Grants for the relief of poverty The comparatives for the previous year are as follows: Grants for UK and overseas mission The charity's principal grants to institutions comprised: New Life Church (Transforming Essex) Eastgate (Living Fire) Grants to institutions for less than £1,000 each |
Total 2022 £ 115,222 18,000 133,222 Institutions £ 6,800 - 6,800 Institutions £ 6,597 6,597 |
Total 2021 £ 147,374 18,000 165,374 Individuals £ - 1,573 1,573 Individuals £ 560 560 2022 £ 3,000 3,000 800 6,800 |
2022 £ 6,800 1,573 |
|---|---|---|---|
| 8,372 | |||
| 2021 £ 7,157 |
|||
| 7,157 | |||
| 2021 £ 3,000 3,000 597 |
|||
| 6,597 |
d Grants payable
e Staff, key management and trustee remuneration
The average monthly number of employees during the year was 4 (2021: 5). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprises the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:
| Other Wages & employment salaries benefits Members of key management 54,709 2,905 The following amounts were charged in the previous year: Other Wages & employment salaries benefits Members of key management 54,098 2,640 |
2022 £ 57,614 |
|---|---|
| 57,614 | |
| 2021 £ 56,738 |
|
| 56,738 |
No trustees received employment benefits in either the current or preceding year.
Page 9
THE RIVER CHURCH CHELMSFORD LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
5 Tangible fixed assets
| Cost At 31 March 2021 Additions At 31 March 2022 Accumulated depreciation At 31 March 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2021 At 31 March 2022 6 Stock Donated goods For distribution to beneficiaries 7 Debtors Falling due within one year: Tax recoverable Other debtors 8 Cash at Bank and in Hand Cash at bank with immediate access 9 Creditors: liabilities falling due within one year Accruals |
Vehicles £ 22,822 - 22,822 13,693 4,564 18,257 9,129 4,564 2022 £ 48,443 48,443 2022 £ 756 - 756 2022 £ 245,000 245,000 2022 £ 3,528 3,528 |
Total 2022 £ 22,822 - |
|---|---|---|
| 22,822 | ||
| 13,693 4,564 |
||
| 18,257 | ||
| 9,129 | ||
| 4,564 | ||
| 2021 £ 59,946 |
||
| 59,946 | ||
| 2021 £ 1,629 740 |
||
| 2,369 | ||
| 2021 £ 209,030 |
||
| 209,030 | ||
| 2021 £ 2,640 |
||
| 2,640 |
10 Pension commitments
During the year employer’s pension contributions totalling £3,017 (2021: £3,312) were payable to defined contribution personal pension schemes. Pension contributions of £528 were owing at the balance sheet date (2021: £nil).
Page 10
THE RIVER CHURCH CHELMSFORD LTD NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
11 Funds
During the year the movements in the charity's funds were as follows:
| General Unrestricted Funds Total Unrestricted Funds Restricted Funds Chelmsford Foodbank Chelmsford Foodbank - donations in kind Emergency Relief Fund Love offerings Aggregate of funds |
Opening balance 2022 £ 32,388 32,388 182,287 59,946 1,690 1,523 245,446 277,834 |
Incoming resources 2022 £ 87,310 87,310 119,179 121,719 1,538 902 243,338 330,647 |
Outgoing resources 2022 £ (86,847) (86,847) (90,827) (133,222) (1,000) (1,350) (226,399) (313,245) |
Transfers in the year 2022 £ (448) (448) - - - 448 448 - |
Closing balance 2022 £ 32,403 |
|---|---|---|---|---|---|
| 32,403 | |||||
| 210,640 48,444 2,227 1,523 |
|||||
| 262,833 | |||||
| 295,236 |
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| ysis of net assets by fund assets and liabilities of the various funds were as follows: |
|||
|---|---|---|---|
| Fixed assets Stock and debtors Cash at bank and in hand Current liabilities |
General Restricted funds funds £ £ - 4,564 756 48,443 35,174 209,825 (3,528) - 32,403 262,833 Unrestricted Funds |
2022 £ 4,564 49,200 245,000 (3,528) |
|
| General funds £ - 756 35,174 (3,528) 32,403 |
|||
| 295,236 |
Page 11
THE RIVER CHURCH CHELMSFORD LTD NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
In the previous year the movements in the charity's funds were as follows:
| General Unrestricted Funds Total Unrestricted Funds Restricted Funds Chelmsford Foodbank Chelmsford Foodbank - donations in kind Emergency Relief Fund Love offerings Aggregate of funds |
Opening balance 2021 £ 26,355 26,355 42,489 24,527 - 993 68,009 94,364 |
Incoming resources 2021 £ 89,809 89,809 193,116 182,794 2,250 5,231 383,391 473,201 |
Outgoing resources 2021 £ (84,730) (84,730) (53,318) (147,374) (560) (3,748) (205,000) (289,729) |
Transfers in the year 2021 £ 954 954 - - - (954) (954) - |
Closing balance 2021 £ 32,388 |
|---|---|---|---|---|---|
| 32,388 | |||||
| 182,287 59,946 1,690 1,523 |
|||||
| 245,446 | |||||
| 277,834 |
The transfer from Love offerings fund to general represents restricted expenditure included as unrestricted in previous year.
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| Fixed assets Stock and debtors Cash at bank and in hand Current liabilities |
General Restricted funds funds £ £ - 9,129 1,629 60,686 33,399 175,631 (2,640) - 32,388 245,446 Unrestricted Funds |
2021 £ 9,129 62,315 209,030 (2,640) |
|
|---|---|---|---|
| General funds £ - 1,629 33,399 (2,640) 32,388 |
|||
| 277,834 |
The Chelmsford Foodbank funds are to be spent on the work of the Chelmsford Foodbank The Love Offerings Fund represents appeals for specific purposes.
The Emergency Relief Fund is for immediate financial support for those in need.
12 Transactions with related parties
During the year the charity received donations totalling £13,750 (2021: £8,890) from related parties (which includes trustees, anyone closely connected to them and key management).
No expenses (2021: £nil) were paid to, or for, the trustees.
13 Members
Each member of the company commits to contribute if the charity is wound up an amount of £10.
14 Rental Commitments
The charity has entered into a partnership agreement with the Eastern Synod of the URC to occupy a building at North Avenue Christian Centre, under which it pays £12 per year for rent up until 30 September 2023.
Page 12
THE RIVER CHURCH CHELMSFORD LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 31 MARCH 2022
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Interest income Other income Total income and endowments EXPENDITURE ON: Charitable activities: 4 Other Total Expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds 11 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 11 |
Gen | Unrestrict | Designated 2022 £ - - - - - - - - - ed Funds |
Restricted 2022 £ 242,981 357 - 243,338 226,399 226,399 16,939 448 17,387 245,446 262,833 |
Total Funds 2022 329,532 422 693 330,647 313,245 - 313,245 - 17,402 - 17,402 277,834 295,236 |
Gen | Unrestrict | Designated 2021 £ - - - - - - - - - ed Funds |
Restricted 2021 £ 383,391 - - 383,391 205,000 205,000 178,391 (954) 177,437 68,009 245,446 |
Total Funds 2021 473,147 53 - 473,200 289,730 - 289,730 - 183,471 - 183,470 94,364 277,834 |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| eral 2022 £ 86,551 66 693 87,310 86,847 86,847 463 (448) 15 32,388 32,403 |
eral 2021 £ 89,756 53 - 89,809 84,730 84,730 5,079 954 6,033 26,355 32,388 |
||||||||||||
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