REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
River Dee Community Church |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
River Dee Community Church |
River Dee Community Church |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Statement of Financial Position | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 15 |
River Dee Community Church (Registered number: 10836281) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
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 2023. 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 principal activity through the period under review was that of the advancement of the Christian Faith. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance when reviewing the charity's aims and objectives. |
Public benefit |
The trustees confirm that they have complied with their duty to have due regard to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Hello all at RiverDee Community Church on this, my last review, as I will soon retire and hand over to new leadership. |
It's been a pleasure and fulfilment of mine and Janes, calling to head up and lead RiverDee church from its inception these last eighteen years! |
This year saw us coming out of the pandemic and overcoming some of the difficulties inherent post pandemic, as well as continuing the transition period of leadership. Numbers of members were lower and consequently starting and maintaining ministries, not to mention reduced financial giving, was not without its problems. |
The financial buffer zone built up for the transition period is sufficient and will last the duration of the transition period with a sizeable lump left over to hand over at the end, …around October 2023. There was some good news, as a £25,000 grant was given for work with children and youth, with RiverDee being able to employ a Youth Pastor Apprentice and one days admin as well. This has really helped to propel the young peoples ministry. |
The building has continued to be rented out to community groups at an increased rate, which is then able to fund the charitable entity as a whole. The building repairs have increased somewhat, as it reaches its fifth year since renovations were completed in August 2017. It's anticipated that once certain renewables have been done ,the upkeep costs will reduce. |
There is a sense of change especially post pandemic and the leadership are becoming aware and making adjustments, such as family cost of living increases and fuel costs increases as well, which need extra care and vigilance in financial budgeting. |
Again my thanks goes out to the ongoing work of the leaders/ Directors and the giving and contributions of the membership at RiverDee. Also the great support from outside bodies and grant bodies that is still afforded to us. |
We/I am grateful for the trust, help and support we are given because of the work that is carried out here in the fellowship. |
Thanks… God bless. Stephen Harmes…senior leader/ chair of Directors |
Ps May I take this opportunity to commend Ben and Elisabeth and the new leadership team to you as they will soon be taking over and heading up the ministry/ charity! |
FINANCIAL REVIEW |
Financial position |
The results for the year are set out on page 5. |
River Dee Community Church (Registered number: 10836281) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
FINANCIAL REVIEW |
Reserves policy |
River Dee Community Church maintains a contingency reserve account with Kingdom Bank (AOG) in Nottingham for the purpose of responding to any unforeseen emergencies, such as fall in membership, salaries etc. |
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. |
Recruitment and appointment 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. |
Besides being responsible for the spiritual well being of church members and people in the community, they are responsible for making sure that River Dee Community Church complies with 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 duties having due regard to guidance on public benefit. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Mrs Zoe Devenport ACA FCCA |
Henry R. Davis & Co. Limited |
Chartered Accountants |
33 Chester Road West |
Queensferry |
Deeside |
Flintshire |
CH5 1SA |
River Dee Community Church (Registered number: 10836281) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
COMMENCEMENT OF ACTIVITIES |
River Dee Community Church (under it's original unincorporated charity status) came into existence upon the joining together of Emmanuel Pentecostal Church, Flint and Deeside Christian Fellowship, Connah's Quay, in 2006 - when it was registered with the Charity Commission. |
On the 1st April 2019, the assets and activities of the unincorporated charity (No. 1052194) were transferred to the company. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
River Dee Community Church |
Independent examiner's report to the trustees of River Dee Community Church ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. |
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 |
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 |
3. | 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 |
4. | 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. |
Mrs Zoe Devenport ACA FCCA |
Henry R. Davis & Co. Limited |
Chartered Accountants |
33 Chester Road West |
Queensferry |
Deeside |
Flintshire |
CH5 1SA |
20 November 2023 |
River Dee Community Church |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 4 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,176,911 |
River Dee Community Church (Registered number: 10836281) |
Statement of Financial Position |
31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 11 |
CURRENT ASSETS |
Debtors | 12 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
ACCRUALS AND DEFERRED INCOME | 14 | ( |
) |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 383,232 |
Restricted funds | 793,679 |
TOTAL FUNDS | 1,176,911 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(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. |
River Dee Community Church (Registered number: 10836281) |
Statement of Financial Position - continued |
31 March 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
River Dee Community Church |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial 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 (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. |
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 tax in relation to donations received under Gift Aid, are recognised at the time of the donation. |
Legacies are recognised on receipt or otherwise if the charity has been notified of the impending distribution, the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. |
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. |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the assets and is recognised in net income/(expenditure) during the year. |
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate or is there is significant change since the last reporting date. |
The trustees consider that the estimated residual value of the freehold property is 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 within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
River Dee Community Church |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
1. | ACCOUNTING POLICIES - continued |
Fund accounting |
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 |
31.3.23 | 31.3.22 |
£ | £ |
Offerings & appeals |
Gift aid |
Refund of tax |
Grants |
Furlough Grant | - | 28,493 |
Grants received, included in the above, are as follows: |
31.3.23 | 31.3.22 |
£ | £ |
Other grants | 32,979 | - |
3. | INVESTMENT INCOME |
31.3.23 | 31.3.22 |
£ | £ |
Bank interest received |
4. | INCOME FROM CHARITABLE ACTIVITIES |
31.3.23 | 31.3.22 |
Activity | £ | £ |
Missions | Church activities | 2,191 | - |
Rent from hire of premises | Church activities | 44,443 | 37,287 |
Green pastures | Church activities | - | 4,610 |
River Dee Community Church |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
5. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see | Support |
note 6) | costs | Totals |
£ | £ | £ |
Church activities | 171,462 | 2,524 | 173,986 |
6. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
31.3.23 | 31.3.22 |
£ | £ |
Trustees' remuneration etc | 89,581 | 78,460 |
Staff costs | 13,354 | 7,875 |
Insurance & licences | 2,995 | 2,475 |
Rates, light & heat | 7,336 | 6,675 |
Telephone | 1,147 | 1,290 |
Postage and stationery | 496 | 293 |
Missions | 13,271 | 16,524 |
Equipment | - | 375 |
Children & youth work | 4,281 | 3,177 |
Coffee shop expenses | 11,244 | 4,132 |
Conferences | 814 | 264 |
Repairs & renewals | 11,673 | 12,624 |
Motor expenses | 2,321 | 1,122 |
Green pastures | 5,658 | 8,918 |
Staff training | 1,755 | - |
Depreciation | 5,573 | 4,914 |
Loss on sale of assets | (37 | ) | - |
171,462 | 149,118 |
7. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.23 | 31.3.22 |
£ | £ |
Depreciation - owned assets |
Surplus on disposal of fixed assets | ( |
) |
River Dee Community Church |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
8. | TRUSTEES' REMUNERATION AND BENEFITS |
31.3.23 | 31.3.22 |
£ | £ |
Trustees' salaries |
Trustees' social security |
No remuneration was paid to the Trustees in their capacity as Trustees. However, Mr & Mrs Harmes and Mr Betts, who are Trustees, are also employed full time, by the company and are therefore in receipt of remuneration, as detailed above. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
9. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.3.23 | 31.3.22 |
Operational |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 385,920 | 793,679 |
River Dee Community Church |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
TOTAL FUNDS CARRIED FORWARD | 383,232 | 793,679 | 1,176,911 |
11. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
Disposals |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
Eliminated on disposal |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
River Dee Community Church |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Re-hope loans |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Social security and other taxes |
Accrued expenses |
14. | ACCRUALS AND DEFERRED INCOME |
31.3.23 | 31.3.22 |
£ | £ |
Deferred government grants | - | 3,000 |
15. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 383,232 | (20,536 | ) | 362,696 |
Restricted funds |
Community Facilities Programme | 793,679 | - | 793,679 |
TOTAL FUNDS | (20,536 | ) | 1,156,375 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 153,450 | (173,986 | ) | (20,536 | ) |
TOTAL FUNDS | ( |
) | (20,536 | ) |
River Dee Community Church |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
15. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 385,920 | (2,688 | ) | 383,232 |
Restricted funds |
Community Facilities Programme | 793,679 | - | 793,679 |
TOTAL FUNDS | 1,179,599 | (2,688 | ) | 1,176,911 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 148,818 | (151,506 | ) | (2,688 | ) |
TOTAL FUNDS | 148,818 | (151,506 | ) | (2,688 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 385,920 | (23,224 | ) | 362,696 |
Restricted funds |
Community Facilities Programme | 793,679 | - | 793,679 |
TOTAL FUNDS | 1,179,599 | (23,224 | ) | 1,156,375 |
River Dee Community Church |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
15. | 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: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 302,268 | (325,492 | ) | (23,224 | ) |
TOTAL FUNDS | 302,268 | (325,492 | ) | (23,224 | ) |
16. | RELATED PARTY DISCLOSURES |