REGISTERED COMPANY NUMBER: 10836281 {England and Wales) REGISTERED CHARITY NUMBER: 1173787 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for River Dee Communi Church Henry R. Davis & Co. Limited Chartered Accountants 33 Chester Road West Queensferry Deeside Flintshire CH5 ISA
River Dee Communit Church Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Flnanclal Statements 7 to 14
River Dee Communit Church Re istered number- 10836281 Re ort of the Trustees for the Year Ended 31 March 2024 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 2024. 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 Reportin8 Standard applicable In the UK and Republic of Ireland (FR5 1021 (effective l January 20191. OBJECTIVES AND AcfiviTIES Objectives and aims The principal 3Ctivlty through the period under review was that of the advancement of the Christian Falth. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance when reviewlng the charity's aims and objectives. Public beneflt The trustees confirm that they have complied wlth their duty to have due regard to the commisslon's public benefit guidance when exerci5in8 any poweis or duties to which the guidance is relevant. ACHIEVEMENT AND PERFORMANCE Charltable activltles Greetings to all involved with RDCC. This year marks my first year as Senior Leader at the church and on the whole Its been a great year. I'm pleased to report that despite rislng costs to many of the churches outgoings, we have been able to Sustain the high level of community e.nBa8ement we set ourselves each year. A huge thanks to all at the church who have glven their time and finan$ to serve the local communlty. Special thanks to the Leaders of the church, who support me in the decislon making to be good stewards of the income we receive. The buildlng continues to be a good source of income through room hire along with other smaller sldelines, such as hlre of soft play and Infl3table5. This coupled with church giving, has provided a solld platform for us to build fTom. We've been blessed by church 8rowth this year seein8 the overall group number increase we thank God for this. I'm excited to welcome our partnering church Wedgwood from Fortworth Texas back for another v151t where they will join our teams for 9 days serving the communities needs, both practically and spiritually. It promises to be a great week. The church has been able to grow our staff team by introducing the role of a cleaner and of building is benefltlnB greatly from the TLC. A HUGE thanks to our current staff team who work $0 hard to deliver all of their activltles to the highest standard. Lastly a special thank5 to outgoing Pastors Stephen and Jane Harmes for handing over in such a great way and affordlng us such a greal start to life leading here at RDCC. Looking ahead to next year we will need to keep an eye on the pennies as always when leading a charlty, but are hopeful and trustlng In the Lord for another fruitful year. Every BlesslnE Ben Bett5 Senior Leader I Chalr of Directors. FINANCIAL REVIEW Flnanclal position The results for the year are set out on page 5. Reserves policy River Dee Community Church maintains a contingency reserve account with Kingdom Bank IAOG) in Nottlngham for the purpose of responding to any unforeseen emergencies. such as fall in membership, salarie5 etc. Page I
River Dee Communi Church istered number: 10836281 ort of the Trustees for the Year Ended 31 March 2024 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. Recrultment and appolntment of new trustees The Trustees are the leadership of the Church, who have to be members of the Church and who are invited to join the leadership when the need arises. There are six Trustees. two of whom are Holding Trustees. Bosldes being responsible for the spiritual well bein£ of church members and people in the community, they are responsible for makinE sure that River Dee Community Church complies wlth charity law, that proper financial accounts are kept and independently reviewed, that meetings and decisions are recorded and that policies and procedures are developed and followed. The Trustees also ensure that River Dee Community Church adheres to the general tenets laid down by Assemblies of God of which River Dee Community Church is a member. The Trustees continue to comply with their dutles having due regard to guidance on public beneflt. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 10836281 (England and Wales) Re8lstered Charlty number 1173787 Re8lstered office Castle Street Flint FlintshSre CH6 SPF Trustees S Harmes (resigned 18.8.23) Mrs J Harmes Iresigned 18.8.231 B L Belts A Lloyd-Wllliam5 Ms R Lloyd-wllllams Independent Examlner Mrs Zoe Devenport ACA FCCA Henry R. Davis & Co, Llmlted Chartered Accountants 33 Chester Road West Queensferry Deeside Flintshire CH5 ISA Approved by order of the board oftrustees on ........... ... and signed on its behalf by: B L Betts- Trustee Page 2
Inde endent Examiner's Re ort to the Trustees of River Dee Communit Church Independent examlner's report to the trustees of Rlver Dee Communlty Church I'the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbilities and basis of report As the charitV'S trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satlsfied 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 I'the 2011 Act'}. In cariying out my examination I have followed the Directions given by the Charity Commission undèr Section 145{51 Ibl of the 2011 Act. Independent examiner's Statement I have completed my examination. I confirm that no matter5 have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the account5 do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement Ihat the accounts give a true and fair view which is not a matter considered as part of an Independent examination. or the accounts have not been prepared in accordance wlth the methods and principles of the Statement of Recommended Practice for accountln8 and reporting by charities (applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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. Mr5 Zoe Devenport ACA FCCA Henry R. Oavis & Co. Limited Chartered Accountants 33 Chester Road West Queensferrv Deeside Flintshire CH5 ISA Date: 11'10'2£K Page 3
River Dee Communit Church Statement of Financial Activities Incor oratin an Income and Ex enditure Account for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 62.494 62,494 106,704 Charltable activltles Church activities 63.768 63,768 46.634 Investment Income 42 42 112 Total 126,304 126,304 153,450 EXPENDITURE ON Charltable actlvltles Church activities 151,253 151,253 173,986 NET INCOME/(EXPENDITURE) (24,949) 124,9491 120,5361 RECONCILIATION OF FUNDS Total funds brought forward 362,696 793,679 1,156,375 1,176,911 TOTAL FUNDS CARRIED FORWARD 337,747 793,679 1,131,426 1,156,375 The note5 form part of these financial statements Page 4
River Dee Communit Church Re istered number: 10836281 statement of Financial Posltion 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund Restritted fund Notes FIXED ASSETS Tangible as5et5 li 296,823 793.679 1,090,502 1,096.075 CURRENT ASSErs Debtors Cash at bank and in hand 12 6,047 36,981 6,047 36,981 63,800 43.028 43,028 63,800 CREDITORS Amounts falling due within one year 13 (2,1041 12,104) {3,5001 NET CURRENT ASSFrs 40,924 40,924 60,300 TOTAL ASSETS LESS CURRENT LIABILITIES 337,747 793,679 1,131,426 1,156,375 NET ASSETS 337,747 793,679 1,131,426 1,156,375 FUNDS Unrestricted funds Restricted funds 14 337.747 793,679 362,696 793,679 TOTAL FUNDS 1,131,426 1,156,375 The charitable company Is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not requlred the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Aci 2006. The trustees acknowledge their responsibilitie5 for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 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 f inancial year in accordance with the requirement5 of Sectlons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statement5, 50 far a5 appllcable to the charitable company. Ibl The notes form part of these financial statements Page 5 continued...
River Dee Communi Church Re istered number: 10836281 Statement of Financial Position continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companles regime. The financial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by.. on B L Betts - Trustee The notes form part of these finanaal statements Page 6
River Dee Communit Church Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparing the flnancial 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 IFRS 1021 'AccountinE 2nd Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Companie5 Act 2006. The financial statements have been prepared under the historical cost convention. 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. Cash donations are recognised on receipt. Income tsx in relatlon to donations received under Glft Aid, are recognlsed at the time of the donatlon. Le&acies are recognised on recelpt or otherwlse if Ihe charity has been notified of the impending distributlon, the amount is known and recelpt is expected. If the amount Is not known, the legacy is treated as a contlngent asset. Expenditure Liabilities are recognlsed as expendlture as soon as there is a legal or constructive obligation committing the charity to that expenditure. it 15 probable that a transfer of economlc benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expendlture is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to thè category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wlth the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Flxtures and fittings Motor vehicles Computer equipment 20% on reduclng balance 20% on reducing balance 25Yo on reducing balan 33% on reducing balance The gain or loss arlslng on the disposal of an asset is determined a5 the difference between the sale proceeds and the carrying value of the assets and is recognised In net incomellexpenditure) durlng the year. The assets, residual values, useful lives and depreclation methods are reviewed and adjusted prospectively if appropriate or is there 15 significant change since the last reporting date. The trustees consider that the estimated residual value of the freehold property 15 such that any depreciation charge would be immaterial. Consequently, no depreciation charge has been provided in the year. 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 wlthin the objects of the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. Page 7 contlnued...
River Dee Communit Church Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financlal statements. Pension cost5 and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company'5 pension scheme are charged to the Statement of Flnancial Activities in the period to which they relate. DONATIONS AND LEGACIES 31.3.24 31.3.23 OfferlnES & appeals Glft aid Refund of tax Grants 20,366 42,128 12,994 47,345 13,386 32,979 62,494 106,704 Grants recelved, included In the above, are as follows: 31.3,24 31.3.23 Other grants 32,979 INVESTMENT INCOME 31.3.24 31.3.23 Bank interest received 42 112 INCOME FROM CHARITABLE ACTivrfiES 31.3.24 31,3.23 Activity Church activities Church activitles Mlssions Rent from hire of premises 2,191 44,443 63,768 63,768 46,634 Page 8 continued...
River Dee Communit Church Notes to the Financial Stalements - continued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 61 Support costs Totals Chu rch activlties 146.376 4.877 151,253 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.24 31.3.23 Trustees, remuneration etc Staff costs Insurance & Ilcence5 Rates, light & heat Telephone Postage and stationery Missions Equipment Children & youth work Coffee shop expenses Conferen5 Repairs & renewals Motor expenses Green pastures Staff training Depreclalion Loss on sale of assets 72,761 19,015 7.366 6.627 915 385 5,985 2,221 9,491 7,545 89,581 13,354 2,995 7,336 1,147 496 13,271 4,281 11,244 814 11,673 2,321 5,658 1,755 5,573 1371 4,646 1,719 2,007 120 5,573 146,376 171,462 NET INCOME/IEXPENDITURE) Net income/lexpenditure} is stated after chargingllcreditingl: 31.3.24 31.3.23 Depreciation- owned asset5 Surplus on disposal of fixed assets 5,573 5,573 1371 Page 9 continued...
River Dee Communit Church Notes to the Financial Statements ~ continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS 31.3.24 31.3.23 Trustees, salaries Trustees, social security 70,813 1,948 86,044 3,537 72,761 89,581 No remuneration was paid to the Trustees in their capacity as Trustees. However, Mr & Mrs Harmes who were trustees up until the 18th August 2023 and Mr Belts. who is a current trustee, werelare also employed full time, by the company and are therefore in receipt of remuneration. as detalled above. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023, STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Operational No employees received emoluments in exces5 of £60,000. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donatlons and legacies 106,704 106,704 Charitable actlvltles Church activities 46,634 46,634 Investment income 112 112 Total 153,450 153,450 EXPENDITURE ON Charitable actlvitles Church activities 173,986 173,986 NET INCOMEIIEXPENDITURE) 120,536} {20,536} RECONCILIATION OF FUNDS Total Funds brought forward 383,232 793,679 1,176,911 Page 10 continued..
River Dee Communit Church Note5 to the Financial Statements- continued for the Year Ended 31 March 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIALAcfiviTIES- continued Unrestrirted fund Restricted fund Total funds TOTAL FUNDS CARRIED FORWARD 362,696 793,679 1,156,375 ii. TANGIBLE FIXED ASSETS Flxtures and fiftings Freehold property Plant and machinery COST At l Aprll 2023 and 31 March 2024 1,076.015 3,031 31,349 DEPRECIATION At l April 2023 Charge for year 859 544 18,509 3,210 At 31 March 2024 1,403 21,719 NET BOOK VALUE At 31 March 2024 1.076,015 1,628 9,630 At 31 March 2023 1,076,015 2.172 12,840 Motor vehicles Computer equipment Totals COST At l April 2023 and 31 March 2024 5,590 4,250 1,120,235 OEPRECIATION At l April 2023 Charge for year 1,397 1,397 3,395 422 24,160 5,573 At 31 March 2024 2,794 3,817 29,733 NET BOOK VALUE At 31 March 2024 2,796 433 1,090,502 At 31 March 2023 4,193 855 1,096,075 Page 11 continued..
Rlver Dee Communit Church Notes to the Financial Statements- continued for the Year Ended 31 March 2024 12. DE8TORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments 3.918 2,129 6,047 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Soclal security and other taxes Accrued expenses 72 922 I,iio 269 2,121 I,iio 2.104 3,500 14. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 362,696 124,9491 337.747 Restricted funds Communlty Facilities Programme 793,679 793,679 TOTAL FUNDS 1,156,375 124,9491 1,131,426 Net movement in fund5. included In the above are as follows: Incomlng resources Resources expended Movement in funds Unrestricted funds General fund 126,304 1151,2531 124,9491 TOTAL FUNDS 126,304 1151,2531 124,949) Page 12 continued...
River Dee Communit Church Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- continued Comparatives for movement In funds Net movement in funds At 31.3.23 At 1,4.22 Unrestrlcted funds General fund 383,232 120,536} 362,696 Restricted funds Community Facilities Programme 793.679 793,679 TOTAL FUNDS 1.176.911 120,5361 1,156,375 Comparatlve net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 153,450 1173,9861 (20,5361 TOTAL FUNDS 153,450 1173,9861 120,5361 A current year 12 months and prior year 12 months combined positlon is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund 383,232 145,4851 337,747 Restrlcted funds Community Facllltles Programme 793,679 793,679 TOTAL FUNDS 1,176,911 145,4851 1,131,426 Page 13 continued...
River Dee Communit Church Notes to the Financial Statements- continued for the Year Ended 31 March 2024 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 fo51ow5: Incoming resources Resource5 expended Movement n funds Unrestricted funds General fund 279,754 (325,2391 {45,485) TOTAL FUNDS 279,754 1325,2391 145,485) 15. RELATED PARTY DISCLOSLJRES There were no related party transactlons for the year ended 31 March 2024. Page 14