OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

REGISTERED COMPANY NUMBER: 07926500 (England and Wales) REGISTERED CHARITY NUMBER: 1146525

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

RIVER CHURCH

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

RIVER CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19
Detailed Statement of Financial Activities 20

RIVER CHURCH

REPORT OF THE TRUSTEES

for the Year Ended 31 December 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 December 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 charitable aims of River Church are to:

The vision of River Church is to serve our communities and to see transformation through the love and power of God.

River Church employed 12 staff on either a full-time or part-time basis as at 31 December 2021 (2020: 13), including the church leaders and other administration staff and youth workers.

In addition to the employed staff there are many teams of volunteers and helpers across our four churches who together seek to be "salt and light" within our communities to achieve the charity's aims.

Public benefit

In planning the activities of River Church, the trustees have given regard to the Charity Commission's public benefit guidance (Reg 40 (2) (c) (ii)) and particularly the guidance for charities whose objects include the advancement of religion.

River Church provides public benefit in numerous ways that can broadly be categorised as follows:

(a) Christian witness

River Church is an active charismatic evangelical church and member of the wider Pioneer network of churches. River Church seeks mutually positive engagement in all the surrounding communities at every level. An important motivation for this work includes sharing the love of God and promoting Christian values and teaching in order to benefit members and society at large.

(b) Local communities

Finding mutually beneficial areas of engagement within local communities is fundamental to the activities of the church. River Church seeks to both address the spiritual and practical needs of the people amongst whom we live. For example, River Church manages a CAP Debt Centre in Maidenhead that has supported over 85 families and a multi-agency community hub initiative in Englefield Green. In addition, we ran a youth club in Marlow for part of 2021

(c) International communities

Another important focus of River Church is overseas mission work, and poverty relief. These aims embrace the support of both emerging churches, where we seek to share God's love through practical assistance, and also other relief and development agencies and initiatives.

River Church provides ongoing support to its own mission links abroad (e.g., within Hong Kong, Thailand, Nepal, Mozambique, Russia and other countries in Europe, Asia and East Africa) as well as other less regular initiatives as they arise e.g., disaster relief appeals.

The trustees and leadership team would like to thank all members of River Church for their continuing generosity.

Grants

Gifts and grants to external organisations and individuals are considered on the basis of the effective fulfilment of River Church's charitable objectives and after taking account of any restrictions on the funds. There are no upper or lower limits of support but each case is considered and judged on its own merits.

Page 1

RIVER CHURCH

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2021

FINANCIAL REVIEW

Financial review

General Funds

During the year total incoming resources to General Funds were £351,280 (2020: £374,790) and total resources used from General Funds were £403,845 (2020: £333,759), resulting in a General Fund deficit for the year of £52,565 after agreed transfers to/from designated and restricted funds (2020: £39,229 surplus). Good general regularity of giving continues across the four churches, combined with the continued budgetary spending controls. The trustees introduced enhanced reporting of monthly financial reports at the commencement of the pandemic to allow timely response to changes in income levels resulting from the shift from face-to-face to on-line church services. In broad terms, reductions in income were off-set by reductions in expenditure due to reduction in hall rental.

Designated Funds

Donations to Designated Funds totalled £3,213 (2020: £13,661) with designated expenditure totalling £2,071 (2020: £70,218). The surplus of £1,142 (2020: £56,557 deficit) was added to the surpluses brought forward, after some agreed specific transfers between funds.

Restricted Funds

Restricted Funds income totalled £86,516 for the year (2020: £51,378) with restricted expenditure totalling £74,799 (2020: £26,324). The consequent surplus of £11,717 (2020: £25,054 deficit) was taken to Restricted Funds surpluses brought forward with some agreed transfers from other funds.

At the end of the year, 31st December 2021 the Charity held surpluses totalling £96,038 (2020: £163,026) in General Funds, £14,236 surplus in Designated Funds (2020: £2,444) and £220,032 in Restricted Funds (2020: £204,542).

General Funds continue to exceed the trustees' minimum reserve policy of £75,000 (2020: £75,000) by a good margin.

Bank Balances

River Church bank balances stood at 31st December 2021 at £325,675 (2020: £382,970) which the trustees consider sufficient to meet all foreseeable and future risks now that the 2022 General Fund income and expenditure budget has been approved.

Investment policy and objectives

The trustees of River Church acknowledge they have a key responsibility for good stewardship of church funds. In decision making in these areas the following investment principles and guidelines are considered.

River Church will:

Reserves policy

The trustees have established a policy of maintaining reserves at a level they feel would enable them to continue the current activities of the church in the event of a short-term significant drop in income.

The largest regular operating costs of the charity are staff salaries and church building leases and meeting hall hire.

Consequently, the trustees' policy is to maintain sufficient reserves to cover three months of such expenditure (£75K). Unrestricted funds exceeded this level throughout the year despite the pandemic inevitably requiring us to draw from reserves to off-set a reduction in income.

The governing body review the level of reserves annually to confirm their adequacy and the potential risk.

At the 31st December 2020 this General Fund "risk reserve" stood at £75,000 (2019: £75,000). The trustees have reviewed this in the light of the ongoing COVID pandemic and consider it adequate in the present and foreseeable circumstances.

The current total level of reserves is relatively high mainly due to substantial giving to River Maidenhead's 'Miracle Building Project', CAP debt management designated funds and Englefield Green Community Hub. However, other designated and restricted funds are being released and used to grow current ministries as well as to start up new community initiatives, in a controlled way. It is anticipated that this process will continue over the next year.

In addition, given the extraordinary financial circumstances brought about by the pandemic, the Trustees recognised the need to reduce operating costs to prevent further erosion of reserves and took the opportunity to serve notice of intent to vacate their office in Maidenhead at the end of March 2022. In addition, one staff position was made redundant at the end of December 2021.

Page 2

RIVER CHURCH

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2021

FUTURE PLANS

The key strategies for the charity during 2022 are both to build and to expand on the local community focus work and initiatives where the individual churches reside, i.e., to continue to build churches that develop strong healthy followers of Jesus who bless and serve the community within which they operate. The COVID pandemic presented significant challenges to all aspects of church life as well as our community work, some of which have been successfully met using online platforms, but our activities were inevitably limited during 2021 especially through lock-down. We now seek to emerge from the pandemic in 2022 and rebuild our church communities.

We aim to capitalise on the on-line opportunity that the pandemic created by continuing to build on-line capability and integrate this as a complement to other approaches to church outreach. For example, by using on-line capability to host mid-week meetings for prayer and Bible study thus avoiding the need for additional hall rental costs. We also use on-line capability to 'broadcast' Sunday services to those who are unable to attend in person.

Our goals for 2022 are to;

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

River Church is constituted by memorandum and articles incorporated 27 January 2012.

Recruitment and appointment of new trustees

The powers of appointment and removal of trustees rests with the members of River Church. Trustees are selected from committed members of the churches that make up River Church. This aims to ensure that the trustee body as a whole is involved practically in working out the church's mission and the trustees have also subscribed to a statement of faith. No trustees are remunerated for their services to River Church.

During 2021 the trustees of River Church met on five occasions. Each meeting of the trustees during the year was led by the Chair of trustees, who is not a member of the spiritual leadership of River Church. The Chair is elected annually by the other non-leadership trustees. Each trustee meeting had a full and balanced agenda covering the spiritual, strategic, performance, financial, legal and risk issues facing the church.

In addition, meetings were held with members of the Senior Leadership Team during the year to consider proposals for the re-organisation of River Church into four distinct and independent churches albeit within the same charitable structure accountable to the existing trustee group. This proposal would see the dissolution of the Senior Leadership team with accountability for spiritual leadership moving to the leadership team each church. As part of this process, Ceri Davies stepped down as Senior Leader of River Church in October although Ceri will continue to lead our Maidenhead church. The trustees thank Ceri for her work as Senior Leader over the past three years.

As part of the continuing process to improve River Church governance and leadership, 2022 trustee meetings will continue to be streamlined for purpose with expertise being co-opted as appropriate. There will be "Governance and Financial Health meetings" (including 2023 budget approval) and other meetings to discuss the "Health & Development of our independent churches".

The senior leadership team (SLT) continued to meet regularly each fortnight as a group and at other times with the church leaders throughout 2021 but stepped-down in January 2022 as part of the transition to the new structure. Apostolic oversight will now be provided to each independent church by leaders in the Pioneer Network.

The four churches have now signed up to a Relationship agreement between themselves and a Governance agreement with the trustees. These agreements define the principles, practices and values that unite the four churches and clarify the roles, relationship and responsibilities between each church and the trustee group. These agreements came into effect in January 2022.

Page 3

RIVER CHURCH

for the Year Ended 31 December 2021

REPORT OF THE TRUSTEES

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

Local Management

Directions relating to the charity for 2021 were made by the trustees, in consultation with the senior leadership team and church leaders, who were responsible for governing the activities and teaching of the church. Day to day decisions on the use of resources remained the responsibility of the staff and volunteers in charge of the different departments within the churches.

Expenditure is controlled by budgets set and expense approval monitored by the trustees. The establishment of a new Restricted or Designated Fund is at the joint discretion of the trustees and the SLT of River Church.

Network Structure

River Church is a member of the Evangelical Alliance and has a long-standing relationship with Pioneer; a Christian organisation that pursues similar objectives in the United Kingdom and overseas. The church works with Pioneer in assisting other churches and receives help itself where needed.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07926500 (England and Wales)

Registered Charity number

1146525

Registered office

Bank House 81 St Judes Road Englegield Green Surrey TW20 0DF

Trustees

I M Linton S R Tempest Treasurer (resigned 16.1.22) A J Handford M J Holt Chairman M K Porter A Vickers C G Read R J Pymm

Company Secretary

Exceed Cosec Services Limited

Independent Examiner

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Page 4

RIVER CHURCH

REPORT OF THE TRUSTEES for the Year Ended 31 December 2021

REFERENCE AND ADMINISTRATIVE DETAILS Senior Leadership Team

Senior Leadership Team
C Davies River Church Leader (until October 2021) & River Maidenhead Co-Leader
I M Linton Trustee
A Wratten River Marlow Leader
SR Tempest Trustee
A Read Member
CJE Barnes Theology & Evangelism Leader, River Church
Church Leaders
C Davies & A Chisnall River Maidenhead
P Wratten & A Wratten River Marlow
P Gadsdon The Journey (Englefield Green) (until 31st July 2021)
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
May 6, 2022

MJHolt .................................................................................MJHolt (May 6, 2022 11:58 GMT+1) M J Holt - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVER CHURCH

Independent examiner's report to the trustees of River Church ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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 Institute of Chartered Accountants in England and 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:

  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

  2. 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

  3. 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.

mwbrindley

mwbrindley (May 10, 2022 10:22 GMT+1)

Maurice Brindley FCA BSc Institute of Chartered Accountants in England and Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Date: .............................................May 10, 2022

Page 6

RIVER CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 December 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
339,516
Charitable activities
4
Charitable Church Activities
2,024
Investment income
3
7,182
Other income
5,771
Total
354,493
EXPENDITURE ON
Charitable activities
5
Charitable Church Activities
405,916
NET INCOME/(EXPENDITURE)
(51,423)
Transfers between funds
14
(3,773)
Net movement in funds
(55,196)
RECONCILIATION OF FUNDS
Total funds brought forward
165,470
TOTAL FUNDS CARRIED FORWARD
110,274		 31.12.21
31.12.20
Restricted
Total
Total
funds
funds
funds
£
£
£
80,197
419,713
430,432
-
2,024
1,265
-
7,182
723
6,319
12,090
7,409
86,516
441,009
439,829
74,799
480,715
430,301
11,717
(39,706)
9,528
3,773
-
-
15,490
(39,706)
9,528
204,542
370,012
360,484
220,032
330,306
370,012		 31.12.21
31.12.20
Restricted
Total
Total
funds
funds
funds
£
£
£
80,197
419,713
430,432
-
2,024
1,265
-
7,182
723
6,319
12,090
7,409
86,516
441,009
439,829
74,799
480,715
430,301
11,717
(39,706)
9,528
3,773
-
-
15,490
(39,706)
9,528
204,542
370,012
360,484
220,032
330,306
370,012
439,829
430,301
9,528
-
9,528
360,484
370,012

The notes form part of these financial statements

Page 7

RIVER CHURCH (REGISTERED NUMBER: 07926500)

BALANCE SHEET

31 December 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
249
CURRENT ASSETS
Debtors
12
49,810
Cash at bank and in hand
102,833
152,643
CREDITORS
Amounts falling due within one year
13
(42,618)
NET CURRENT ASSETS
110,025
TOTAL ASSETS LESS CURRENT LIABILITIES
110,274
NET ASSETS
110,274
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.12.21
31.12.20
Restricted
Total
Total
funds
funds
funds
£
£
£
-
249
1,592
-
49,810
11,932
223,032
325,865
382,970
223,032
375,675
394,902
(3,000)
(45,618)
(26,482)
220,032
330,057
368,420
220,032
330,306
370,012
220,032
330,306
370,012
110,274
165,470
220,032
204,542
330,306
370,012		 31.12.21
31.12.20
Restricted
Total
Total
funds
funds
funds
£
£
£
-
249
1,592
-
49,810
11,932
223,032
325,865
382,970
223,032
375,675
394,902
(3,000)
(45,618)
(26,482)
220,032
330,057
368,420
220,032
330,306
370,012
220,032
330,306
370,012
110,274
165,470
220,032
204,542
330,306
370,012
370,012

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

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

The trustees acknowledge their responsibilities for

(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.

The notes form part of these financial statements

continued...

Page 8

RIVER CHURCH (REGISTERED NUMBER: 07926500)

BALANCE SHEET - continued

31 December 2021

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

May 6, 2022

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

MJHolt

.............................................MJHolt (May 6, 2022 11:58 GMT+1) M J Holt - Trustee

I M Linton - Trustee (May 6, 2022 13:46 GMT+1) .............................................

I M Linton - Trustee

The notes form part of these financial statements

Page 9

RIVER CHURCH

CASH FLOW STATEMENT

for the Year Ended 31 December 2021

31.12.21 31.12.20
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (64,287) 23,552
Net cash (used in)/provided by operating activities (64,287) 23,552
Cash flows from investing activities
Interest received 7,182 723
Net cash provided by investing activities 7,182 723
Change in cash and cash equivalents in the
reporting period (57,105) 24,275
Cash and cash equivalents at the beginning of
the reporting period 382,970 358,695
Cash and cash equivalents at the end of the
reporting period 325,865 382,970

The notes form part of these financial statements

Page 10

RIVER CHURCH

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 December 2021

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.21 31.12.20
£ £
Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities) (39,706) 9,528
Adjustments for:
Depreciation charges 1,343 1,411
Interest received (7,182) (723)
(Increase)/decrease in debtors (37,878) 10,058
Increase in creditors 19,136 3,278
Net cash (used in)/provided by operations (64,287) 23,552
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.21
Cash flow
At
£
£
Net cash
Cash at bank and in hand
382,970
(57,105)
382,970
(57,105)
Total
382,970
(57,105)		 31.12.21
£
325,865
325,865
325,865

The notes form part of these financial statements

Page 11

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

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 trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

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.

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.

Tangible fixed assets

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

Computers and Sound equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities. The charity is not VAT registered and therefore all expenditure is shown inclusive of VAT where applicable.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

continued...

Page 12

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

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.

Designated funds are unrestricted funds which have been set aside by the trustees for particular 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.

2. DONATIONS AND LEGACIES

2. DONATIONS AND LEGACIES
31.12.21 31.12.20
£ £
Donations 331,732 343,611
Gift aid 61,643 78,021
Grants 26,338 8,800
419,713 430,432
Grants received, included in the above, are as follows:
31.12.21 31.12.20
£ £
Acts 435 540 -
Community Foundation for Surrey 10,000 -
CNC Property 2,000 -
National Lottery Community Foundation 8,898 -
Runnymede Borough Council - 2,500
Surrey County Council 1,000 -
St Faith's Trust - 2,800
The Schroder Charity 1,900 2,000
Windsor & Mhd Christian Trust 2,000 1,500
26,338 8,800
3. INVESTMENT INCOME
31.12.21 31.12.20
£ £
Deposit account interest 7,182 723

continued...

Page 13

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2021

4. INCOME FROM CHARITABLE ACTIVITIES

Activity
Youth & Children
Charitable Church Activities
CHARITABLE ACTIVITIES COSTS
Charitable Church Activities
SUPPORT COSTS
Charitable Church Activities
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent Examination		 31.12.21
31.12.20
£
£
2,024
1,265
Support
Direct
costs (see
Costs
note 6)
Totals
£
£
£
462,043
18,672
480,715
Governance
costs
£
18,672
31.12.21
31.12.20
£
£
1,343
1,411
2,700
2,700

5. CHARITABLE ACTIVITIES COSTS

6.

7. NET INCOME/(EXPENDITURE)

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

No trustees received remuneration or expenses during the year in their role as trustee.

Trustees' expenses

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

9. STAFF COSTS

STAFF COSTS
31.12.21 31.12.20
£ £
Wages and salaries 271,964 244,894
Social security costs 16,735 14,722
Other pension costs 8,344 7,242
297,043 266,858
The average monthly number of employees during the year was as follows:
31.12.21 31.12.20
All staff 12 14

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

continued...

Page 14

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2021

9. STAFF COSTS - continued

The key management personnel of the charity, comprise the trustees and the Leadership team (as listed in the report of the trustees). The total employee benefits of the key management of the charity were £133,123 (2020: £121,234) which included a redundancy settlement of £18,236 (2020: £nil)

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
384,922
Charitable activities
Charitable Church Activities
1,265
Investment income
723
Other income
1,541
Total
388,451
EXPENDITURE ON
Charitable activities
Charitable Church Activities
403,976
NET INCOME/(EXPENDITURE)
(15,525)
Transfers between funds
(1,461)
Net movement in funds
(16,986)
RECONCILIATION OF FUNDS
Total funds brought forward
182,457
TOTAL FUNDS CARRIED FORWARD
165,471		 Restricted
funds
£
45,510
-
-
5,868
51,378
26,325
25,053
1,461
26,514
178,027
204,541		 Total
funds
£
430,432
1,265
723
7,409
439,829
430,301
9,528
-
9,528
360,484
370,012

This note shows the previous years statement of financial activities for River Church as a comparative to the statement for the current year on page 6.

Page 15

continued...

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2021

11. TANGIBLE FIXED ASSETS

11. TANGIBLE FIXED ASSETS
Computers
and Sound
equipment
£
COST
At 1 January 2021 and 31 December 2021 25,656
DEPRECIATION
At 1 January 2021 24,064
Charge for year 1,343
At 31 December 2021 25,407
NET BOOK VALUE
At 31 December 2021 249
At 31 December 2020 1,592
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Other debtors 500 -
Tax reclaimable 45,588 10,456
Prepayments 3,722 1,476
49,810 11,932
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Trade creditors 58 58
Social security and other taxes 4,943 5,176
Other creditors 1,909 2,429
Accrued expenses 38,708 18,819
45,618 26,482
14. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.21 in funds funds 31.12.21
£ £ £ £
Unrestricted funds
General fund 163,026 (52,565) (14,423) 96,038
Congregational Fund - (275) 3,094 2,819
Community Support 2,444 1,417 7,556 11,417
165,470 (51,423) (3,773) 110,274
Restricted funds
Community Support 193,543 14,268 3,773 211,584
International Support 10,360 (2,596) - 7,764
Missions Fund 639 45 - 684
204,542 11,717 3,773 220,032
TOTAL FUNDS 370,012 (39,706) - 330,306

continued...

Page 16

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Congregational Fund
Community Support
Restricted funds
Community Support
International Support
Missions Fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
351,280
(403,845)
(52,565)
700
(975)
(275)
2,513
(1,096)
1,417
354,493
(405,916)
(51,423)
66,130
(51,862)
14,268
17,416
(20,012)
(2,596)
2,970
(2,925)
45
86,516
(74,799)
11,717
441,009
(480,715)
(39,706)		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
351,280
(403,845)
(52,565)
700
(975)
(275)
2,513
(1,096)
1,417
354,493
(405,916)
(51,423)
66,130
(51,862)
14,268
17,416
(20,012)
(2,596)
2,970
(2,925)
45
86,516
(74,799)
11,717
441,009
(480,715)
(39,706)
(51,423)
14,268
(2,596)
45
11,717
(39,706)

Comparatives for movement in funds

Unrestricted funds
General fund
Congregational Fund
Social Action
Other Shared Fund
Community Support
Restricted funds
Community Support
International Support
Missions Fund
TOTAL FUNDS		 Net
movement
At 1.1.20
in funds
£
£
123,797
41,031
31,877
(31,877)
1,098
(1,439)
241
(241)
25,444
(23,000)
182,457
(15,526)
170,400
23,143
7,033
3,327
594
(1,416)
178,027
25,054
360,484
9,528		 Transfers
between
At
funds
31.12.20
£
£
(1,802)
163,026
-
-
341
-
-
-
-
2,444
(1,461)
165,470
-
193,543
-
10,360
1,461
639
1,461
204,542
-
370,012		 Transfers
between
At
funds
31.12.20
£
£
(1,802)
163,026
-
-
341
-
-
-
-
2,444
(1,461)
165,470
-
193,543
-
10,360
1,461
639
1,461
204,542
-
370,012
165,470
193,543
10,360
639
204,542
370,012

continued...

Page 17

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2021

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Congregational Fund
Social Action
Other Shared Fund
Community Support
Restricted funds
Community Support
International Support
Missions Fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
374,790
(333,759)
41,031
10,115
(41,992)
(31,877
-
(1,439)
(1,439
3,546
(3,787)
(241
-
(23,000)
(23,000
388,451
(403,977)
(15,526
45,013
(21,870)
23,143
3,395
(68)
3,327
2,970
(4,386)
(1,416
51,378
(26,324)
25,054
439,829
(430,301)
9,528		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
374,790
(333,759)
41,031
10,115
(41,992)
(31,877
-
(1,439)
(1,439
3,546
(3,787)
(241
-
(23,000)
(23,000
388,451
(403,977)
(15,526
45,013
(21,870)
23,143
3,395
(68)
3,327
2,970
(4,386)
(1,416
51,378
(26,324)
25,054
439,829
(430,301)
9,528
(15,526
23,143
3,327
(1,416
25,054
9,528

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

Net Transfers
movement between At
At 1.1.20 in funds funds 31.12.21
£ £ £ £
Unrestricted funds
General fund 123,797 (11,534) (16,225) 96,038
Congregational Fund 31,877 (32,152) 3,094 2,819
Social Action 1,098 (1,439) 341 -
Other Shared Fund 241 (241) - -
Community Support 25,444 (21,583) 7,556 11,417
182,457 (66,949) (5,234) 110,274
Restricted funds
Community Support 170,400 37,411 3,773 211,584
International Support 7,033 731 - 7,764
Missions Fund 594 (1,371) 1,461 684
178,027 36,771 5,234 220,032
TOTAL FUNDS 360,484 (30,178) - 330,306

continued...

Page 18

RIVER CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2021

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Congregational Fund
Social Action
Other Shared Fund
Community Support
Restricted funds
Community Support
International Support
Missions Fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
726,070
(737,604)
(11,534)
10,815
(42,967)
(32,152)
-
(1,439)
(1,439)
3,546
(3,787)
(241)
2,513
(24,096)
(21,583)
742,944
(809,893)
(66,949)
111,143
(73,732)
37,411
20,811
(20,080)
731
5,940
(7,311)
(1,371)
137,894
(101,123)
36,771
880,838
(911,016)
(30,178)

Designated funds

Congregational Fund Represents monies given for the purposes of building up our church members in faith and wellbeing.

Social Action These funds are designated for the purposes of building and growing community support and outreach ministries. Other shared funds These other purposes include building project and funding for youth activities. Restricted Funds Community Support These funds are given specifically for the purposes of building and growing community support and other community outreach ministries. International Support This represents monies given specifically for a number of overseas Christian ministries and churches that the charity supports. Missions Fund These funds are used solely for the support of the charity's missionaries.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

16. DONATED GOODS AND SERVICES

The financial resources of the church, to a very large extent, are given by the members and their personal assets and equipment are regularly used in the work of the Church. Much of this work is carried out privately without recognition and the hours and value of that time cannot be quantified. Likewise much giving of time and resources to other Christian organisations is carried out independently by members of the church and is wholly acknowledged but cannot be quantified.

Page 19