# (CHARITABLE INCORPORATED ORGANISATION) CHARITY REGISTRATION NUMBER 1194553 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF ## **RIVER CHURCH IPSWICH** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** **----- Start of picture text -----**
Page
Legal and Administrative Information 3
Trustees' Report 4 to 7
Independent Examiner's Report on the Accounts 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 1 1 to 1 9
**----- End of picture text -----**
## **RIVER CHURCH IPSWICH** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** 1194553 ## **START OF FINANCIAL YEAR** ## **END OF FINANCIAL YEAR** ## **TRUSTEES AT 31 DECEMBER 2022** 01 January 2022 31 December 2022 Revd Amy Key (Chair) (ex officio) Appointed 20 May 21 Revd Matthew Key (Vice-Chair (ex officio) Appointed 20 May 21 Revd Philip Dykes (Bishop's appointment) Appointed 1 Sept 21 Revd Catherine Forsdike Appointed 25 May 21 Mr Ian Sturgess Appointed 25 May 21 Mr Robin Elsdon-Dew Appointed 20 May 21 Revd Alistair Metcalfe (Bishop's appointment) Appointed 20 May 21 Mr Kim Vaudrey Appointed 20 May 21 Dr Amy Mills Appointed 27 March 2022 Mr Karl Moles Appointed 27 March 2022 The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument. **GOVERNING INSTRUMENT** CIO-FOUNDATION adopted 20th May 2021 ## **REGISTRATION DATE** 20 May 2021 ## **OBJECTS** The advancement of the Christian Religion by the setting up and running of new Christian Churches in accordance with the principles and established teaching of the Church of England in the town of Ipswich and the County of Suffolk. ## **CORRESPONDENCE ADDRESS** River Church Ipswich St Mary-at-the-Quay Key Street Ipswich Suffolk IP4 1BZ **PRIMARY BANKERS** Lloyds Bank PLC Oldham PO Box 1000 BX1 1LT **INDEPENDENT EXAMINER** Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **RIVER CHURCH IPSWICH** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022** The board of trustees present their reports and accounts for River Church Ipswich for the period ending 31st December 2022. ## **Structure, Governance and Management** River Church Ipswich is a Charitable Incorporated Organisation (CIO) registered in the UK with the Charity Commission of England and Wales (registered number 1194553). River Church Ipswich is governed by a constitution, adopted upon the charity’s registration on 20th May 2021, and according to which trustees are appointed. ## **Decision Making** All financial and strategic decisions over £5,000 are taken by the trustees. The organisational implementation of the strategy is carried out by the Church Leaders and their staff team, in accordance with the trustees’ Scheme of Delegation. ## **Trustee Training** All staff, volunteers, and trustees undergo a formal selection process, followed by an induction period which includes any training necessary to effectively perform their role. Senior leadership of the church consists of clergy, whose stipendiary remuneration is set by the Diocese of St Edmundsbury and Ipswich. ## **Volunteers** River Church benefits from the dedicated work of a great number of volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in these accounts. ## **Objects and Activities** Our objects are set out in our governing document, which was adopted by the trustees upon the charity’s registration on 20th May 2021. ## **Our objects are:** The advancement of the Christian religion by the setting up and running of new Christian churches in accordance with the principles and established teaching of the Church of England in the town of Ipswich and the county of Suffolk. ## **Dream, Purpose, and Goals** The board of trustees is committed to our dream, purpose, and goals. Our dream is to see Ipswich overflowing with life. Our purpose is to love God, love Ipswich, and love life. Our goals are to be Spirit-filled, people-empowering, fun-loving, and abundantly-living. In accordance with these statements, the church aims to meet its objects through a diverse range of activities including the provision of: Christian worship, evangelism, and discipleship; social transformation activities; and church planting. Given the diversity of the church’s activities, performance is measured on a case-by-case basis. ## **Public Benefit** In accordance with our duties stated in section 17(5) of the Charities Act, we have considered the guidance provided by the Charity Commission in relation to public benefit. This public benefit has been demonstrated by the activities undertaken since the inception of the charity outlined in this document. ## **Achievements and Performance** River Church is an HTB Network church plant in the centre of Ipswich. As part of the Church of England Diocese of St Edmundsbury and Ipswich’s Inspiring Ipswich project, River Church has a remit to reach out to students at the University of Suffolk, young adults, young families, and those on the margins of society in Ipswich, and to grow into a thriving resource church for Suffolk. ## **Love God: Worship and Prayer** River Church runs a number of worship services and events. **THE SIX** is an informal, contemporary service, aimed at students, young people, and young adults in particular. **THE FOUR** is a short, lively service, featuring action songs, games, stories, and snacks, aimed at young children and their families. **7am Prayer** on Tuesday mornings continues to grow and flourish; it is the engine room of the church, and we have seen many answered prayers, healings, breakthroughs, and prophetic words there. **Overflow** is a termly event featuring an evening of uninterrupted, informal prayer, worship, and ministry in the Holy Spirit. By the end of 2022, average weekly **attendance** across these services was more than 120 people. The total **congregation** has grown to around 200 people, a majority of whom are aged under 35. 4 ## **RIVER CHURCH IPSWICH** ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** Our **Christmas** programme in 2022 included a number of successful events, such as an all-age World Cup Final event, Carols on the Quay based at Cult Café, a Festive Fun activity morning for children, a Kids Christmas Extravaganza, Midnight Communion, and a Christmas Day service. In addition, we produced and released our Christmas Spectacular online, which received more than 1,600 views. ## **Love Ipswich: Social Transformation** We ran our first **Pre-Marriage Course** , which supported 6 couples who are engaged or thinking about getting married to develop healthy, lasting relationships, by covering topics such as communication, conflict, and expectations. We packed and delivered 1,033 bags of kindness to vulnerable and isolated people across Ipswich as part of our **Love Christmas** campaign. More than 1,800 individuals benefitted from the project, with recipients including refugees, prisoners, those living in poverty or financial difficulty, students isolated from their families over Christmas, and those experiencing mental or physical ill health, or loneliness. **River Coffee** successfully launched in September 2022, and is open Monday to Friday, 10am to 3pm. It has welcomed a wide variety of guests, including those inside and outside the church congregation, passers-by, those buying coffee and a snack whilst meeting friends, those unable to buy a drink but in need of a warm space, and students looking for a comfortable place to study. So far, Byron, our Coffee Pastor, has trained 7 volunteer baristas, with plans to expand training to refugees, prison leavers, and other vulnerable groups in need of work experience. Takings and guest numbers are steadily increasing each month. We ran one **Re-Work** course, providing 6 weeks of input and support to help those who are unemployed back into work or education, to which 4 individuals signed up. In response to the arrival of many Ukrainian refugees in Ipswich, fleeing the invasion of Russia, we established two weekly sessions: a **Love Ukraine Hub** , offering support with the practicalities of moving to the UK such as medical registration and form filling; and an **English Language Hub** , providing a space to practice and improve conversational English as a second language. More than 20 Ukrainians participated in the two groups in 2022. We launched **Baby Love** in 2022, which is a free, weekly space for babies and toddlers, and their parents and carers. Baby Love provides soft play and toys, opportunities for children and carers to meet and interact, and refreshments through River Coffee. So far more than 30 families have taken part. ## **Love Life: Evangelism and Discipleship** We have run 3 **Alpha** courses this year, with a total of 45 guests attending. This year, we have seen 30 people decide to follow Jesus at River Church, and a total of 45 **new Christians** since the church launched. We have launched 5 **Hangouts** in 2022. These are our small groups providing discipleship, pastoral care, and community, meeting in homes across Ipswich, and 50 people are now in Hangouts. ## We have celebrated 12 **baptisms** in 2022. 32 people from River Church attended our annual HTB Network festival, **Focus** , at its new location, the Newark Showground, over the summer. We currently have 7 students at **River College** , which is brand new our one-year programme for 18-30s to go deeper in their discipleship, grow in their leadership, and gain practical ministry experience. The students all serve as interns at River Church (or hold paid staff roles) alongside their studies. Several of the cohort are exploring vocations to ordained ministry, and other leadership roles within the church. As part of our remit to resource other churches across Suffolk, we have hosted the Alpha **Leadership Conference** , and **Grow Alpha** training sessions, plus a number of deanery and diocesan events, to support other local churches and leaders in their work. We have continued to grow our student ministry in 2022, running regular **Student Nights** (both socials and discipleship input), fortnightly **Bible and Brunch** Bible study sessions for students, providing staff and volunteer support to the University of Suffolk **Chaplaincy** , and being present at **Freshers** through the Christian Union an Chaplaincy stalls, where we distributed hundreds of River student welcome packs. 5 ## **RIVER CHURCH IPSWICH** ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Staffing** The River Church staff team has grown to 12 people comprising 2 full-time clergy, 5 operational and ministry staff, and 5 River Colleges interns. We continue to work towards expanding the staff team to grow our capacity for mission, ministry, and church planting in the future. ## **Future Plans** The charity plans of continuing, expanding, and adding to its existing activities in forthcoming years, subject to satisfactory funding becoming available. ## **Reserves Policy** River Church aims to accumulate and retain as unrestricted reserves three months’ running costs. At the end of 2022, unrestricted reserves totalled £89,183. ## **Financial Review** In the period to the end of 31st December 2022, River Church raised a total income of £232,449 against a total expenditure of £184,112. Unrestricted funds at the end of the year totalled £85,534. Restricted funds at the end of the year totalled £4,818 and Designated funds were £25,000. The balance in the bank at the end of the year totalled £102,523. For further details, please see the below financial statements. ## **Safeguarding** The trustees have adopted the Church of England’s safeguarding policy, relating to children, young people, and vulnerable adults. Catherine Forsdike serves alongside Matt Key as Safeguarding Officer, supported by the diocesan safeguarding officer. The trustees are committed to best practice in safeguarding, through the implementation of our policy, which includes provision for DBS checks, safeguarding training, safer recruitment, and practical measures to protect everybody involved in and served by River Church. Further details and the full policy are available at riverchurchipswich.org. 6 RIVER CHURCH IPSWICH TRUSTEES, REPORT (Contlnued) FOR THEYEAR ENDÈD 31sr DECEMBER 2022 R•￿￿￿1￿11•￿1￿ ol Tntht•A• Chartty law r¥ulres the Board of Trts5tÉes to prw4re financlal Stat￿entS for each flnant￿l which glvè a true and falr of the state of affalrs of the £h4rf(y and or It5 Inc¢rnhg resources and r85eurces expended for the p¥k)d. In prgparSnq th054 flnancl41 Stat￿ents, tho Board of TrustO9s shoukl foKw b45t pr¥tka and are requ*(￿ to,. s￿￿&bI•￿t•untknG pokl45 ond •ppty th•n cons&tent make Judgrnqnt5 4nd 4stthatas that are reasoTh4bl¢ ond prud•nt compty ￿th •pplICab￿ accountlno stan¢J•rd? $ubJfKt to any rnat•r￿ departures dbclosed and expl•kn•J th• flnonckil statgrnwts prepare the Ik)Incl￿ stat*nents ¢n th• gokng concern basb unl•ss tt b InapproprL•te to prwum• that th• h4rtty ¢￿tIn￿• In cper•tlf Th• Bo•rd of Trust••5 15 responslbl• for rn•lnt4knlng propw •Ecountlng rvKord¥ vhkh dL5dos• wlth rwson•b •etur4cy at •ny tkn• th•flnaMclèl posttlon of ttt• eh4rtty arid to tttem to en$ur• that th* fln•ntiil stat￿lntS comply wlth th• Ch•rYcles Act 1993. Th•y ar4 also r&Sp¢n$￿1# f¢r 5af*Juardlng th• as54I5 Of th• char￿Y and h￿c• for t4klng r*￿n•bI* st•P5 for th• pr•v•ntk)n 4nd d•t•rtbn of fr•ud 4nd oth•r tr•gul•rt*s and to prov￿* r•Jsonabkn i¥sur•n¢• th•t:. th• ch•rty th op•rathg •nd df•ctfvdy •ll iss•ts •r• s•f•gu•rd* 1g•lnst unauth¢rb•d ui• ¢x d*pwltbn Ind •r• pr•p•rly appw prop•r r•Eords are m4lntoln•d and flnanc*l Inform•tion us•d wKhln ¢h• ch4rRy or for publk4tlon IJ r•iiib th• ¢har*y cl￿PIllS ￿th r•knv•nt l•ws •#d r•3ulatkJns The 5￿t￿n$ of kntwn•l control 4r• dUIgn￿ to p￿￿d¥ r￿10￿*bI• but n¢t ibsolut• assurinc• 4q•lnit rn•tw￿l mknst•t¥n•rtt or bs$. Approv•d by th• Trusta•s on... S*n•J on th•* bthaw by frustw... pr￿t•d Nam•'. ANY kEy (Lho4/ c4 bUs¥e￿} Approvad by th• Trust*s en........... Skjned ¢n th* bthatr by Trustee................................. Prlnted Name.. t¥¥4) ry£GL--SI ## **RIVER CHURCH IPSWICH** ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** Report to the trustees/ members of River Church-Ipswich on the accounts for the year ended 31st December 2022. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 7th March 2023 8 ## **RIVER CHURCH IPSWICH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
Investment Income
**3b**
Charitable Activities
**3c**
**TOTAL INCOMING RESOURCES**
Costs of Charitable Activities
**4**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**
**TOTAL RESOURCES EXPENDED**
**TRANSFERS BETWEEN FUNDS**
**NET MOVEMENT IN FUNDS**
**RESOURCES EXPENDED**
**RECONCILIATION OF FUNDS:**|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
180,096
22,146
13,148
215,389
142,269
12
-
-
12
-
17,048
-
-
17,048
1,806| |---|---| ||**197,156**
**22,146**
**13,148**
**232,449**
**144,075**| ||147,602
23,363
13,148
184,112
77,060| ||**147,602**
**23,363**
**13,148**
**184,112**
**77,060**| ||**49,554**
**(1,217)**
**-**
**48,337**
**67,015**
(27,000)
2,000
25,000
-
-| ||**22,554**
**783**
**25,000**
**48,337**
**67,015**| ||62,980
4,035
-
67,015
0| ||**85,534**
**4,818**
**25,000**
**115,352**
**67,015**| All of the Charity's operations are classed as continuing operations. The notes form part of these financial statements, found on pages:- 10 to 18 9 RIVER CHURCH ZPSWZCH BAIANCE SHEET ASAT 31 DECEMBER 2022 Unr¢strict Fund Rest￿tted Funds Total T•tsl 31-t*-22 31-Dec•21 flx•d A•MI* Ting1b￿ A$5•ts Not* Debtors & PrepaYM￿t$ Cash at bank and In hand 1,892 97,705 1,892 102.523 3,547 51,549 4.818 Tgi•l CuFr•nt A•Mts 104 15 Cr•dbtar•J due ￿tth￿l one ythr 5,575 5,575 6,913 NEf CURRENT AS*tT$ 94,023 4,818 98,840 48,183 TOTAL ASSEfs1•ss curr•nt IiibMttI•s 110.534 4MI8 115A52 •7.015 crndIt•￿ du• kn mor• th4n on• yor li Ntr ASSETS TU14DS QV THE CHARTrY Genoral Funds Rtstriet*d funds D4sI9n•t*# Funds 85,534 85,534 4,818 25.000 62,980 4,035 4,818 25,000 TOTAL FUNDS Approv•d by th• Trust•tt th•... }1.1. 11.,................................................................... SkJn•d cn th•lr b•h•Y by Tru%tw...... Int Nam•'. AMI I!.k..Y......................... io ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. ## **Basis of preparation:** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The 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 (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Recognition of Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources; · the trustees are virtually certain they will receive the resources; and · the monetary value can be measured with sufficient reliability. ## **Incoming Resources with Related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## **Tax Reclaims on Donations and Gifts** Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## **Contractual Income and Performance Related Grants** This is only included in the SOFA once the related goods or services has been delivered. ## **Gifts in Kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees. ## **Donated Services and Facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **Investment Income** This is included in the accounts when receivable. ## **Investment Gains and Losses** This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. This page does not form part of the statutory financial statements 11 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## **Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## **Governance Costs** Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. ## **Grants with Performance Conditions** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## **Grants Payable without Performance Conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## **Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## **Pensions** Pension contributions are charged to the Statement of Financial Activities as they become payable. ## **Fund Accounting** Funds held by the charity are either: ## **1. Unrestricted funds** These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees. ## **2. Restricted funds** These are funds that can only be used for particular restricted purposes within the objects of the charity. ## **3. Endowment funds** These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Fixed Assets** Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **Depreciation Expense** Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Furniture & Fittings 25% Equipment 25% There has been no change to the accounting polices (Variation rules and methods of accounting) since last year. This page does not form part of the statutory financial statements 12 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **2. TANGIBLE FIXED ASSETS** |Additions
**Cost**
At 1 January 2022
At 31 December 2022
**Net Book Value**
At 31 December 2022
At 31 December 2021
At 31 December 2022
**Accumulated Depreciation**
At 1 January 2022
Charge for the Year|Equipment
Furniture &
Fittings
Motor
Vehicles
**2022**
£
£
£
£
13,608
7,914
-
21,522
2,729
-
-
2,729| |---|---| ||16,337
7,914
-
24,251| ||1,701
989
-
2,690
3,318
1,731
-
5,049| ||5,019
2,720
-
7,739| ||| ||11,318
5,194
-
16,512| ||11,907
6,925
-
18,832| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2022 : None 31st December 2021 : None This page does not form part of the statutory financial statements 13 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **3. INCOMING RESOURCES** |**3. INCOMING RESOURCES**|| |---|---| |Note
**c) Incoming from Charitable Activities**
**a) Donations & Legacies**
Donations:Giving
Donations:Other organisations
Church planting fund balance
Gift Aid
Trustees Discretionary Fund (DF)
Merchandise
Venue Hire
Bridge the Gap Income
Coffee Shop
Grants
**b) Investment Income**
Interest Received
Focus Income
Other Income|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
48,838
-
-
48,838
13,071
-
-
-
-
2,405
-
-
-
-
187
9,757
-
-
9,757
1,920
-
-
13,148
13,148
-
121,500
22,146
-
143,646
124,687| ||**180,096**
**22,146**
**13,148**
**215,389**
**142,269**| ||12
-
-
12
-| ||**12**
**-**
**-**
**12**
**-**| ||638
-
-
638
436
12,821
-
-
12,821
1,370
276
-
-
276
-
2,801
-
-
2,801
-
290
-
-
290
-
222
-
-
222
-| ||**17,048**
**-**
**-**
**17,048**
**1,806**| This page does not form part of the statutory financial statements 14 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **4. RESOURCES EXPENDED** |Note
Independent Examiner Fee
Admin:Stationery, Consumables &
Communication-Branding & Website
Finance: Book keeping/Payroll fees
Finance: Bank charges
Ministry
Premises:Broadband & Phone
**Charitable Activities:-**
Admin:Insurance
Admin:Licences & Subscriptions
Admin:Office Equipment
River Coffee
Premises:Equipment
Grant - expenses
Love Christmas Fund
Trustee Discretionary Fund
Premises:CCT Rent
Premises:Maintenance
Premises:Utilities
Set up Costs
Staffing:Expenses
**Staff Costs:-**
Salaries
PAYE
Pension Contributions
**Direct costs:-**
Depreciation expense
**Governance costs:-**|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
4,630
-
-
4,630
1,512
2,292
-
-
2,292
1,313
1,183
-
-
1,183
120
341
-
-
341
178
5,659
-
-
5,659
686
426
-
-
426
128
130
-
-
130
12
11,861
-
-
11,861
2,324
762
-
-
762
86
6,000
-
-
6,000
3,750
2,120
-
-
2,120
294
27,370
-
-
27,370
2,634
774
-
-
774
43,439
2,431
-
-
2,431
70
4,520
-
-
4,520
-
704
-
-
704
-
-
9,142
-
9,142
-
-
9,829
-
9,829
-
-
-
13,148
13,148
-
51,652
4,392
-
56,044
12,961
14,832
-
-
14,832
3,297
3,892
-
-
3,892
887
5,049
-
-
5,049
2,690
972
-
-
972
678| |---|---| ||**147,602**
**23,363**
**13,148**
**184,112**
**77,060**| This page does not form part of the statutory financial statements 15 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Grant - St Lawrence Parish Hall Trust
Grant - SCC Locality Budget (Restricted)
Grant - Centenary Fund (Restricted)
Love Christmas Fund (Restricted)
Grant - Beatrice Laing Trust (Restricted)
Grant - Suffolk Police & Crime
Hobson Grant Charity
Grant - The Elizabeth Walter Charity
Grant - B&Q Foundation (Restricted)
Grant - Rank Foundation Pebble Grant
Grant - Sported Barclays
Grant - Mission Innovation
Trustee Discretionary Fund|**Balance**
Unrealised
**Balance**
**01-Jan-22**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-22**
£
£
£
£
£
£
4,035
-
-
-
-
4,035
-
5,000
(4,950)
-
-
50
-
694
(694)
-
-
-
-
-
(2,000)
-
2,000
-
-
7,064
-
-
-
7,064
-
2,500
-
-
-
2,500
-
3,176
(3,112)
-
-
64
-
712
(346)
-
-
366
-
2,000
(271)
-
-
1,729
-
-
(1,160)
-
-
(1,160)
-
500
(500)
-
-
-
-
500
(500)
-
-
-
-
-
(9,829)
-
-
(9,829)| |---|---| ||**4,035**
**22,146**
**(23,363)**
**-**
**2,000**
**4,818**| ## **PREVIOUS FINANCIAL YEAR** |Hobson Grant Charity|**Balance**
Unrealised
**01-Jan-21**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-21**
£
£
£
£
£
£
-
4,035
-
-
-
4,035| |---|---| ||**-**
**4,035**
**-**
**-**
**-**
**4,035**| The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above. This page does not form part of the statutory financial statements 16 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **6. DESIGNATED FUNDS** ## **CURRENT FINANCIAL YEAR** |**PREVIOUS FINANCIAL YEAR**
Trustees Discretionary Fund
Trustees Discretionary Fund|**Balance**
Unrealised
**Balance**
**01-Jan-22**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-22**
£
£
£
£
£
£
-
13,148
(13,148)
-
25,000
25,000| |---|---| ||**-**
**13,148**
**(13,148)**
**-**
**25,000**
**25,000**| ||**Balance**
Unrealised
**01-Jan-21**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-21**
£
£
£
£
£
-
-
-
-
-
-| ||**-**
**-**
**-**
**-**
**-**
**-**| This page does not form part of the statutory financial statements 17 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **7. INVESTMENTS** The Charity held no investment assets during this or the previous financial period. ## **8. CASH AT BANK AND IN HAND** |**8. CASH AT BANK AND IN HAND**|||||| |---|---|---|---|---|---| ||Unrestricted|Restricted|Designated|**Total**|**Total**| ||Funds|Funds|Funds|**31-Dec-22**|**31-Dec-21**| ||£|£||**£**|**£**| |Lloyds Bank Account|(2,295)|4,818|25,000|27,523|51,549| |Lloyds Bank Savings Account|75,000|-|-|75,000|-| ||72,705|4,818|25,000|102,523|51,549| |**9. DEBTORS AND PREPAYMENTS**|||||| ||Unrestricted|Restricted|Designated|**Total**|**Total**| ||Funds|Funds|Funds|**31-Dec-22**|**31-Dec-21**| ||£|£||**£**|**£**| |Sundry accounts receivable|1,770|-|-|1,770|1,920| |Prepayment|-|-|-|-|1,627| |Pensions|122|-|-|122|-| ||**1,892**|**-**|**-**|**1,892**|**3,547**| |**10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN**||**ONE YEAR**|||| ||Unrestricted|Restricted|Designated|**Total**|**Total**| ||Funds|Funds|Funds|**31-Dec-22**|**31-Dec-21**| ||£|£||**£**|**£**| |Accounts Payable|-|-|-|-|6,235| |HMRC|4,795|-|-|4,795|-| |Independent Examiner's Fee|780|-|-|780|678| ||**5,575**|**-**|**-**|**5,575**|**6,913**| ## **11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilities during this or the previous financial period. This page does not form part of the statutory financial statements 18 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **12. STAFF COSTS AND NUMBERS** |Gross Wages & Salaries
Employer's National Insurance Costs
Employer's Pension Contributions|**TOTAL**
**2022**
**£**
66,709
5,443
1,560
**73,712**|**TOTAL**
**2021**
**£**
12,961
3,297
887| |---|---|---| |||**17,145**| Average number of paid employees who were engaged in each of the following activities: |Charitable Activities|**TOTAL**
**2022**
5
**5**|**TOTAL**
**2021**
2| |---|---|---| |||**2**| The charity employed 5 staff by the end of 2022 along with 2 church leaders (stipendiary) and 5 unpaid interns. The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2021 - None) ## **13. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2021 - None) ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees' report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. This page does not form part of the statutory financial statements 19