Submission of Accounts to Charity Commission Rivercourt Methodist Church Year Ended 31 August 2022 Section One: Trustee's Report Section Two: Charity Commission - Independent Examiner's Report on the Accounts Section Three: Methodist Church - Standard Forni of Accounts Section Four: Simplified Forn] of Accounts
Rii"ercourt Lllethodist Church (RNL IC) Trustees, Rey>rr to the Charity Commission September 2021 to .lugust 2022 Church Address: King SrreeL Hammersmith, IA)ndon W6 9JT Chdse4 Hammersmith & Trull]2m 35/04 Circuit District LA)ndon chlty Number 1174328 Minister in Charge: Rei.d. lesinga I'unipola Trustees at 31 ,lug 2022 Revd. Iesinga ITuniEK)la- Chair fr. Stephen LaThTence- Treasurer fr. Kwaku Tieku- Organist Is. Juliana Goode Nfs. Joan Bennett fr. A. .{. NI. Gri s. Vanessa Brackett Nls. France55 Bro fr. J2mes Goode Bookkeeper fr. Solomon Sackey Audktor Antippa & Compan! Lt(L (-Ingelo G. .Inrippa) Two new Trustees. li ts. Brown and Nfr. Goode. were added on 17/02/?022. The minister is always Chair of the Trustees and is appointed to one or more Churches in our Circuir (ch3rArn, 1133n40). They are chosen b!. the Conference #nd paid b!. the Circuit. Their leiel of pai is dererniined b!. the Conference of the British NIerhodisr Church (Chariti" number 1132?08}. Our current minister is Revd. Iesinga Csinga) I'unitK) Trustees The onlv other rrustec aid bl" Rii"ercourt is KkU Tick He Pa8elof7
plas"s the organ at seniccs and is a trained music therapist. He is an Lxcellent organist and communicator which makes him one of e2t assets ro ILIIC. Circuit The NIethodisi tA)ndon District is made up of many Circuits. ]LNIC is a member of the Chelse4 H2mmersmith & Fulham Circuio thich consists of fii"e ilIethodist churches: ,Iskew Road, Chelsv4 Fulham Broadii¥?!", ILIIC and Shepherd's Bush Road. The assignment of ministers within the Circuit is deaded by the Circuit itself. Congregation and Faith InitiatiN'es When the financial !"e2r ben in September ?021 ILMC h2d it d(x)rs open. The!" hair stal'ed open eN'eTh" Sunda!, for the entire year. KIIC adhered to 211 the goi-emment reqLLiremenrs at various times throughout the lear including SOC distancin& temperarure checks. Track. & Trace, hand sanitisers, open 7ndOws, etc. Iost people hai'e returned to worship. .{ few elderl) persons h3N"e not rerLrned for health reasons 4le some others have drifted away. The tourists hait started to maL.e appearances. The front doors of ILIIC are imp)sing and generall17 shuL Efforts were made to open the Church more often. ,Is a resul¢ the Church was opened on Wednesda}:s from 10..30 to l?:30 for pr2Ier and Thursdals ai 12:30 for 2 shott seThice and a bring and share lunch. A Film and Faith group staned where BBC iPlayer films are watched on computer or DID during the month. Finalli:, tryone comes together for discussion on a subsequent day. A GDPR register of all members and regular attendees cre2ted. .{ What's .4pp group has helped those with computers to stay in touclL Unfortunatd}'. G12ss Door Horneless Charits", which RIc has parnered 7th since last century, (Jid not operate night shelters ith ani" host churches this !"ear. IIore concentrauon on fewer homdcss people #S the order of the winter season. ]LlIC supported G12ss Door b!" p9rtiapating in the sponsored Sleep OUL Next l.ear it is antiapated that Glass Door return to using host churches to feed and sleep the homd&4s. Zoom 3S used for Bible Stijdies 7th othet churches in the Circuit as well as Circuii l£nE _4di.ent srudies and other Circuit Pa8e2of7
wide events. So far Zoom has not been used regularl) for Sundas, services. Zoom has been used for special services such as baptisms, ftmernls. and martiages. ILIIC is the perfect size for Toryn services and as a result although a nom)al congregation could be 15 to 20 people if the Tongans attend it could be doubled. If it is a special service, there could be 80 ro 90 people including Tongan officials. The highlight of the l'ear was the Queen's Platinum Jubilee celebration in earl!. June. Church members and guests came out in celebraton. narive dress. Young Tongans in native dress put on a dancing exhibition. There was bve and recorded music which carried all along King Street. 11]ere was a free BBQ with t2bles out on the pavement. Ilore than one person subsequendy rerurned for a Sunda), worship, including one who has become key person in ILIIC'S devdopmenL It is planned that more low-cost panies ill occur in the future. .{ lack of mone). stopped us from implemeniing an! ambitious projecrs. -{ research project was iniriated to estabh'sh wh2t our posiuon is within the communiti: so we could develop work that actuall}, is required as opposed to whar the ILNIC people believed might be requited. This research projecL Tided "Rivercourt 2025 - Redefining our fijrure at the heart of the Community". was one in which all members of ILIIC participated. The surveii was completed by stx categories of people - l. Current users of Rivercourt- people who regularl)T rent space. 2. Chelse4 Hammersmith & Fulham Circuit leaders as well as our IJ)ndon Disttict Chair. 3. The LL)cal .luthorit)" of Hammersmith & Fulham 4. Lnc21 Schools 5. Charities / Third Sector 6. Non-llethodist Churches with whom ILMC has a relationship. Telephone calls weIe made to all these groups inviting their participarion. .{ link to an electronic surve! was offered as well to groups which we couldn't ring. In addition, members of the congregation polled people walking outside the Church. Pa8e3of7
at we learned will be used to drive deasions in the future when we are able to fimd more activities. .In average of 25 people attended Rivercourt services before the pandemic in 2020. "I'hat is probabli, to between 15-20. Dillg Tongan celebrauon it could be two or three times that number as menuoned previousl) Caring for members who are sheltering and not computer literate has been a challenge. Some older members th'd not want to do Zoom and the Tongans started runni their own services which are mainls, deh'vered in their native tongue. Next year when restricrions such as social disrancing are lifted and tourists return, we will be able to have a more precise idea of likely numbers in the future. Ministetial OVersht Revd. Singa N'unipola completed her third year with us in ilugust 2022. We share her ministni with Shepherd's Bush Road Church. Singa was h2PP!" to come to West LA)ndon as ir is a good location for her calling to tnknister to the Tongan Fellowship in this countn.. She does this in addition to her Circuit responsibilities. .%he began her role in the Circuii in .lugust of 2019. Her appoinmient should last five years. She will have reached retirement age prior to the end of hei appointment. She could then retire. If she chooses to stay on and the Circuit votes for her to continue. she could opt-in for anotheI five years or less as she will be eligible to retire. ILNIC welcomed a new supeIintendenL Revd Faith Nyota, to the Circuit on 28th _lugust 2022. This fills a massive hole for all the churches in the Circuit. Building ILIIC is an impressive church (msured value £12,013,051 as of 06 June 2022) from both the inside and the outside. It opened in 1875. This mea$ FLIIC will cdebrate its 150, anniversary. in 2025. ILIIC was converted in the late 1990s to provide flexibility in a modern worslu'p space. The buildmg is both a curse and a blessing. The blessing is that as a hgh street church, there are many people passing b}, who express a genuine interest into what is going on inside. ,Xlan!" people stop to pra}. Its location close to both bus and tube services as well 2s a a'cle ]ane make it an easy place to have meetin classes or other t to thers. Nlanv eo le who Page4of7
come in off the street are ven, impressed with the worship space. With a large horel ver}, close we can see rourists on Sunday. The curse of a large church with a small congregation is its upkeep. Propem" management is a major cost of time and money for the Trustees. In receni l.ears we have had exceptional costs for the spire and the roof. Both projects have now been paid for. ,{ dark da!, for ]LIIC was 121b Jul): 2021. -Is we moved close to the end of the previous financial l'ear and the end of the tenanf s lease, both on 31., _lugust 2021, a torrential rain flooded the local sewer s}'stem which caused sewage to back up through toilets into the nurser)", which operares in the basement. Luckdy. we were well insured. However NIethodisr Insurance only released the basement back to ILIIC in anua , 2022.. Financial Accounts 2021-22 saw a small increase in receipts to £95,691. Palments 2150 had a small increase to £94,863. This resulted in a small surplus of £1.098 wkn'ch is onl). a few pounds more than the preNryous year. Voluntary giving which was down in the previous COIUD year bounced up again. Dips should not be so grear in the future as more people have turned to planned giving, which cuts the tie between attendance and giving. -Is banks have become more averse to accepting cash. planned VIng must rise. However, it ryll be a long time until we can stop "passing the platc" It is interesiing to see the income from next door shops and the at broken down. This hasn't been done in preNryous reports. The receiprs from the flat, managed b!, ILIIC, have risen in ]ine with housing costs. ,IIonthl!' rent is collected b}, 2 realtor ncxt door to ILIIC. The process almost runs itself. However, the shops are managed b}, the IIethodist IA)ndon Committee DILC) using a Central kn)ndon realtor. This has rne2nt ILIIC is grossl!, undeq)aid for the two shops. The result means in a decrease in income of almost 250/0 to the previous s'ear. One shop has paid nothing, -Ir the end of this financial STear increased pressure on the DILQ to manage the properties propetl) should result in 2 large increase in receipts for 2023. The nursen, in the basement entered a disasrrous period which coincided with the sewage backup in Jul!. 2021. The work to reinstate the basement didn't end until Jan 2022. In the autumn the older children were told to find new schools. The younger children had to move into ILIIC for classes. This was good for ILNIC as most of the ILIIC Hall users had not er returned as man ' Page5of7
of them induded older people who were shielding. Hall receipts tripled to £26,734. The nurser), also helped pay for gas and elecrticiti. during the winiet months. This is included in the £4292 labelled "tenants, conrribution towards costs" W1]en it was time for the older children to rerurn to the nurser!, the! all deaded they would rather sta!. where the!. were. This was a blow the nursery couldn't withstand and the school had to close follovjing the final end of tem) in Jul}. 2022 The nurse} ttied to sell their Furnishings and finally moved out in ,lugust 2022, This left ILIIC in a precarious posillon at the end of the financial Vear as there was no income from the nurse4, or one of the shops. The second shop is pa)ryng rent at a reduced rate. Other income was down b}, the amount of the HNIRC Job Retention Scheme which was halted. ILNIC have a welcomed drop in Circuit 2ssessment next year of one-third (£8,000) because of 2 Circuit manse being rettwned into a rental properri.. K'e had a large increase in music costs of over three times to £5,600 from £l.(AO. This isn't suq)rising as cost is direcdy linked to the number of perforn)ances including Sunda}ys and other ei'ents. Going back to 2019 the cost was £4,160 w]uch would be a much smaller increase. The General Fund is consisient with the previous year, £48,164 against £47,066. However. the CFB is our Church Reserve Fund. It is down from £30.605 to £20,802. We received a large payment of just under £IO,O(X) at the end of the financial year elevated savingb in HSBC. Next year will be crucial for LNIC. We should be able to collect back rent for properties managed by the NILC. We need to find tenant for the basemenr. W'e could have to pay business rates starting on 8 November 2022 if we don't have a tenant bj. then. If we c2n't find a tenant Eor some time and we don't receive proper p2)Trents Irom the .IILC, ILIIC could get into financial difficulries. Reserves Reserves are the amount of mone! held b). LIIC in case of unforeseen circumstances. ILIIC aims to keep six months of turnover in cash that is easdi. accessible. Our bank account (Cenrral Board of Finance) took a hit as we strugEled withdrawing mone! to cover costs. We were saved b!, insurance payments which veuss hdi" eater recei ts than the revious 'ear and Page6of7
kept our reserves at nght around 50°/0. The kel. to next l-ear is finding a tenant for the basement and collecring the income from the propetties managed by NILC. If this happens, we should be able to maintain a hcalthy reserve. If we don't have rental income, we could need to borrow from the Circuii. The onl!" mone!, we have spent has been for essenllal repairs. If we get the rent21 mone},. there is some pent-up pressure to +pend mone!- on ILIIC to enhance the worship experience 2nd to grow the congregation. Hopefull}. we will be able to follow this path. I Iuch of our work in the communiry is the Iesult of h2ving a space that is extremd). usable. With 2 small congretiOn the building must break even. Rivercourt received no special grants from Government or priv2te intetests. Income was derived from public giving, lettings 2nd users of ILIIC itself. No professional fundraisers were used. All monies raised and spent were done so in England. Other -Ipart from the pandemic 2nd the sewage backup, no other serious incidents occurred durin the vear. Steve Lawrence - Church Treasurer Page7of7
CHARITY COMMISSION Independent examinerfs report on the FOR ENGLAND AND WALES accounts Section A Independent Examinerfs Report Report to the trusteesl members of Rivercourt Methodist Church On accounts for the year ' 31 August 2022 ended Charity no lif any) 1174328 Set out on pages V1_2 attached I report to the trustees on my examination of the accounts of the above charTty (the Trust") for the year ended 3110812022 Responstbilities and basis of report A$ the chartty's trustees. you are respon5ibSe for ihe preparation of the accounts in accordance wf(h the requirements of the Charities Act 2011 Ilhe Act'i. I report in respect of my examination of the Trust'5 accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(51{b) of the Act. Independent I have completed my examination. I confirm thal no material matters have examiner's statement come to my attention in connection with the examination which gives me cause 10 believe that in. any material respect.. the accounting records were not kept in accordance with section 130 of the Charrties Acl., or the accounts did not accord wrth the accounting cOrdS., or the accounts did not comply with the applicatle requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concems 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 undetanding of the accounts to be reached. Ple8se delete the words ITn the brackels if they do not appty. Signed: Date: 24 January 2023 Name: IAntipp2 & Company Ltd, Chartered Accountants Relevant profes3ional qualification{s) or body (if any)- FCA, CTA Address-. 17 Copthall Gardens Twickenham IER Oct 2018
TW14HH Section B Disclosure Only complete rf the examiner needs to highlight material matters of concem {see CC32, Independent examination of tharity accounts." directsons and guhlance for examiner5). Give here brief details of any ilems that the examiner wishes to dlsclose. None IER Oct 2018
CHARITY COMMISSION FOR ENGLAND AND WALES 1174328 Recei tsand ents accounts CC16a Forthe pert¢)d To 011Dgf2021 31W2022 Section A Receipts and payments Unrestri¢ted funds RÈstrieled Endowment funds Total fund5 L3St year to thE nèar88t C A1 Re¢el Coll•nS dThihyKS Lettiws Income HMRC grants Jab Relertt Schen Bar iniere5E OlhEr recsp 17,825 17.825 73,757 10.1154 14.870 4Z 4J92 tota )ss incon 93.75$ ARJ 95.961 95,961 se Inyesknient sa tota 95.9S1 .755 A3P8 ments ChLK-h 24,C 11841 12.S$4 28,973 11072 13,233 28.598 12.072 13.233 Stsff c4>sI 1¢09 16.40 13.13D Sub total 54.312 94.312 A4 Asset and inyesbnent Asset urcha5es $51 Sub totrl 551 551 94.863 92.726 N•t of receipts/(paymentsJ A5 Tronsfers betwèèn lunds A6 Cash funds last year end Cash funds thls year end 1,098 1.029 47,C 47. 48.164 47.086 CCXX P1 accoufrt5 ISSI 1810112023
Section B Statement of assets and liabilities at the end of the period lthrn•trtctod Rethct•d Endowment funds to nKr•st£ B1 Ca•h fund# 48,154 10 Total cash funds 48.164 Unresbleted fundy Rknettd fund8 to rwirw£ Endowment fund5 to n(•tE Furwj lowhh Cost{opb"on• Currvnt valu• ional 83 Investment ass•ts Ftrnd 10 CvrreTht B4 Assets retain8d lor tho charlty's own us• Fund to ¥thkh Arykuuntd wt*n du• ional BS Liablliti95 by L or trustees on hart of all the tru$tee5 nature PriFrt Name Date of oval CCXX R2 accounts l&SI 18101r2023
CHURCH {Short Form) RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS (SHORT FORM) Rivercourt Methodist Church FOR THE YEAR ENDED 31 August 2022 Chelsea, Hammersmith and Fulham Circuit Circuit no 35104 Ragistered Charity - Charity Registrdtion nUmr 1174328 If not a registered tharity Her Majestys Revenue and Customs Gift Aid number (The HMRC number is equrvalent to a registered charity number in tems of evidence of charitable status and may be used to give to donors or grant funders yshing to see eVence of the organisation's Gharitable status. Meth¢)dist charities in England and Wales that are not registered Charities are exc8Pted from reglstration under Statutory Instrument 2014 No.242) Minister. £Gvt) IE£ihlGB (ROL Church Stewards: JAMÉS ..G.oOt)6 Treasurer. Chur¢h $h¢rt Std forrn of accts X112 R.PJk¥ lof4
Rlvorcourt Methodknt ACCOuNT8FORvE EIIDED31 AU¢ak8TIOZ2 $ECTIOF+A RÈCEIPTS 82 17025 10.054 aank CFB )terS¢&¥wrtFxXWe 42 Letb 73.757 4.292 IS.150 TOTAL RECEIPTS 93.7$5 SECTtON b1 PAYMEMf3 )3 CircurtA8s¢wrengc 03 Re. tZQ72 Uble5 13 13.551 oinei payThnts TOTAL PAYMENTS 45.$58 b7 SECTrON C NET RÉCOPT51PAYIIÈNTS YEA ia6-b Totalfands 47.C66 40.037 TOTAL FUPIDS AT EKJ OFYEAR 47.086 c71 state httethEtr ol Swe here wtotalofarl ChLvth stste Wethe tslSur8d valL¢Ot SECTh)N D ANALYSIS OF FUNDS atTMCP at31 d2 Aance2 al CFBèi 31 Bank èill C• baante¥ 31 A 16.401 d4 TOTAL Box c3 .164 SECllON E FC¥I INFORIIATIQN ONLY." IAQNEY RECEryED AP4D PASSED 014 ro EXIEIIFiIL (NIsATIoNs e1 0e $3 OffeTrngwGILS . P&E8eo e8%31 8AIANCES1JLL TO BE P0 leiE231
Name of Church.. Rivercourt Methodist Church No........... Declarations and Scrutiny I confirm that these ReIpt and Payment based accounts for the year to 31 August 2022 have been prepared from the records of the Church and that they include all fvnds under the control of the Church trustees. Signature of treasurer .. Date....è. 7 t- e& Ap23 Name and add$S of treasurer ... .S6 de...A. #/.£. . Post Code..Lg.6.f/ A Presentation to the Church trustees l ¢onfim that the annual report and accounts for the year ended 31 August 2022 were111 be. presented to the meetino of the Church trustee5 held on . Signature of the Chair of the meeting Name of the Chair of the meeting . Date........................ Independent Examiner's Report to the Trustees of the Rivercourt Methodist Church Charity Number 1174328 Responsibilities and basis of report I report to the trustees on my examinats.on of the accounts of the Rivercourt Methodist Church for the year ended 31 August 2022 set out on page 2. As the Church's trustees. you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'the Act,) I report in resFect of my examination of the Church's acxounts Cad out under section 145 of the Act and, in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{51(b) of the Act delete or cirde as appropriate Chutth ¥tvt SM ¥rym of ac(ts R.P2012 3of4
Name of Church.. Rivercourt Methodist Church No ............. Independenl Examinefs Statement I have completed my examination. I confim that no material matters have Come to my attention in connectton with the examination which give me cause to believe that in. any material re¥*ct.' the accounting records were not kept in acCOrdar section 130 of the Act., or the accounts do not accord with the accountiTr4 records. I have no concems and have come across no other matters in connects.on wth the examination to which attention should te drawn in this report in order to enable a proper understanding of the account$ to be reached. I have obtained independent venfication of all investments with the Trustees for Meth¢)dist Church Purposes or held in other trusts, bank balan$ and funds at the Central Finance Board of the Methodist Church which are ifmlividually in excess of £10.000 (ten thousand pounds) al the balance sheet date. snature of independent examiner Name of independent examiner.. Angelo Antippa, "rectOr Relevant protessional qualification of independent examiner". FCA. CTA Name of finn (where appropnate>: Antippa & Company Ltd, Charter&J Accountants Address.. 17 Copthall Gardens, Twickenham. TrV14HH Dats.. 24 January 2023 Church short Std fixm of acos R.P2012.)Js
Rivercourt Methodist Church Accounts Year ended 31 August 2022
Rivercourt Methodist Church Receipts and payments summary Year ended 31 August 2022 2022 2021 Receipts Volun incom Collections. donations and Gift Aid Rental income: Shops Flat Church basement Church hall lettings 17,825 10.054 7.304 13.361 26,358 26.734 9,519 12,968 37.800 8,222 73,757 68.509 Other income: Bank interest 87 42 14.870 280 HMRC grants - Job Retention Scheme Tenants, contribution towards costs Insurdnce pr(Keeds 4.292 95,961 93,755 Payments Circuit assessment 24,(M)O 28.598 5.600 12.072 7.898 3.669 1.666 2.703 739 2,516 730 2.088 485 97 1.451 551 24,000 28,973 1,640 12,841 9,768 2,314 1,472 3,972 590 2,8IXI 730 1.209 70 Staff salaries and National Insurance Musical direciorlorgan Property maintenance Insurance Light and heating Water rates Cleaning and refuse collection Telephone and internet Professional fees Accountancy P051age and stationery Travel Bank charges Other payments - flowers. Chrislmas tree. etc. Purchase of equipment- printer 2.319 28 -94.863 -92,726 Surplus of receipts over pxyments £1,098 £1,029
Rivercourt Methodist Chureh Balance Sheet As at 31 August 2022 2022 2021 General Fund Accumulated surplus at I Septemb¢r 2021 Add: Surplus for the year 2022 Accumulaled surplus at 31 August 2022 47.066 1,098 £48.164 46,037 1.029 £47,066 resented b Bank and cash Central Board of Finance bank dewsit account HSBC bank current account Pety cash Total fund$ at 31 August 2022 20,802 27,352 io 30,605 16.446 15 £48,164 £47,066