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← River Of Life Church (Worthing)

2025-10-31-accounts

Company registration number 03392465 (England and Wales) Charity registration number 1065961 (England and Wales)

RIVER OF LIFE CHURCH (WORTHING)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

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(A
Chartered Certified Accountants
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RIVER OF LIFE CHURCH (WORTHING)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Secretary Charity number Company number Principal address Registered office Independent examiner Bankers

M Langham R Marshall W Marshall P Woodward A Lovejoy Bruce-Kerr R Cotterell 1065961 03392465 19a Broadwater Road Worthing West Sussex BN14 8AD Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF Santander UK Plc Bridle Road Bootle Merseyside L30 4GB National Westminster Bank Plc Brighton 137 North Street Western Avenue Waterside Court Chatham Kent ME4 5RT

RIVER OF LIFE CHURCH (WORTHING)

CONTENTS

Page
Trustees’ report 1-2
Independent examiner's report 3
Statement of financial activities 4
Statement offinancial position 5
Notestothefinancialstatements 6-17

RIVER OF LIFE CHURCH (WORTHING)

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025

The trustees present their annual report and financial statements for the year ended 31 October 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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

The charity's objects are the advancement of the Christian faith.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Regular activities continued, typically our Sunday morning meeting, which is live streamed; Ark playgroup; Stretch keep fit; Prayer group; monthly coffee morning; weekly home groups; Friday weekly study group. Other occasional events were held e.g. annual Craft Morning and fund raising Quiz Evening. Men's and Ladies’ groups meet socially from time to time at various locations. A Church Away day was held in July.

An external vision is maintained through the Church support of member’s personal involvement with a number of other ministries working both overseas (Amen; Link To Hope; direct contacts in Ghana) and locally (Acorn Pregnancy Counselling).

Church membership is not formalised. Regular attendees number around 35.

River of Life Church is affiliated with the Pioneer Network. Leadership team members attend the annual Pioneer Conference and maintain associated contact for support and encouragement.

Repair work to the building roof was concluded, with attention being given to internal maintenance, some decorative work being completed and further work is being considered.

Financial review and reserves

The trustees report a surplus on unrestricted funds before transfers for the year of £2,483 (2024: deficit of £5,810). Unrestricted funds at the year end amounted to £76,378 (2024: £74,156).

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s operational expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The level has been maintained during the year.

In keeping with the reserves policy, funds are maintained to meet foreseeable expenditure. It is not the church's general policy to commit to investments other than low risk bank and building society accounts.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

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RIVER OF LIFE CHURCH (WORTHING)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

M Langham

R Marshall

W Marshall

P Woodward

A Lovejoy Bruce-Kerr

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

The appointment of Trustees is by the majority vote of the existing office holders.

Only Trustees with both business and spiritual experience are appointed. Training is not considered necessary.

Statement of trustees’ responsibilities

The trustees, who are also the directors of River of Life Church (Worthing) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees’ report was approved by the Board of Trustees.

) MLangham . ‘ Trustee. -, / / awe Dated: Z28/O3/ CS 2 G

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RIVER OF LIFE CHURCH (WORTHING)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF RIVER OF LIFE CHURCH (WORTHING)

| report to the trustees on my examination of the financial statements of River of Life Church (Worthing) (the charity) for the year ended 31 October 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

{ have completed my examination. | confirm that no matters have come to my attention in connection with the

examination giving me cause to believe that in any material respect:

| 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 financial statements to be rea ne A\e dALS=a

John Caladine FCCA CTA FCIE

Caladine Ltd

Chartered Certified Accountants

Chantry House 22 Upperton Road Eastbourne East Sussex

BN21 1BF

Dated: S|> bd fhos\ KAOCN Ls

= 3%

RIVER OF LIFE CHURCH (WORTHING)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 2 55,806 7,470 63,276 53,033 19,606 72,639
Charitable activities 3 3,630 - 3,630 2,312 - 2,312
Investments 4 18 314 332 16 317 333
Total income 59,454 7,784 67,238 55,361 19,923 75,284
Expenditure on:
Charitable activities 5 56,971 20,693 77,664 61,171 24,736 85,907
Total expenditure 56,971 20,693 77,664 61,171 24,736 85,907
Net income/(expenditure) 2,483 (12,909) (10,426) (5,810) (4,813) (10,623)
Transfers between
funds 17 (261) 261 - (128) 128 -
Net movement in
funds 8 2,222 (12,648) (10,426) (5,938) (4,685) (10,623)
Reconciliation offunds: funds:
Fund balances at 1 November
2024 74,156 17,919 92,075 80,094 22,604 102,698
Fund balances at 31 October
2025 76,378 5,271 81,649 74,156 17,919 92,075

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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RIVER OF LIFE CHURCH (WORTHING)

STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2025

2025 2024
Notes £ £ £ £
Fixed assets
Property, plant and equipment 12 55,738 57,916
Current assets
Trade and other receivables 13 607 438
Investments 14 100 100
Cash at bank and in hand 26,962 35,446
27,669 35,984
Current liabilities 15 (1,758) (1,825)
Net current assets 25,911 34,159
Total assets less current liabilities 81,649 92,075
Netassets 81,649 92,075
The funds ofthe charity
Restricted income funds 17 5,271 17,919
Unrestricted funds 18 76,378 74,156
81,649 92,075

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2025.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

° le ‘ The financial statements were approved by the trustees on 22/03]26 M Langham Trustee

Company registration number 03392465 (England and Wales)

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

Company information

River of Life Church (Worthing) is a private company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF.

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure Expenditure is recognised in the period in which they are incurred and allocated to the particular cost centre to which they relate and includes irrecoverable VAT.

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

1.6 Property, fixtures and equipment

Property, fixtures and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets tess their residual values over their useful lives on the following basis:

Freehold property 2% on a straight line basis Fixtures, fittings and equipment 20% on a straight line basis

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 asset, and is recognised in the statement of financial activities.

Fixed assets costing below £500 are not capitalised.

1.7. Impairment of non-current assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

1 Accounting policies (Continued)

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

In the opinion of the Trustees the Trust is not liable to United Kingdom taxation on it's charitable activities.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13 Current Asset Investment

This is shown at cost as the sum involved is immaterial.

1.14 Limited liability

The company is limited by guarantee and does not have a share capital. The liability of each member is limited to a maximum of £10.

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

2 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 50,806 7,470 58,276 53,033 13,506 66,539
Grants 5,000 - 5,000 - 6,100 6,100
55,806 7,470 63,276 53,033 19,606 72,639
Donations and gifts
Donations and gifts 43,025 6,991 50,016 44,932 12,028 56,960
Tax refunds 7,781 479 8,260 8,101 1,478 9,579
50,806 7,470 58,276 53,033 13,506 66,539

3 Income from charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Charitable rental income 3,630 2,312
Analysis by fund
Unrestrictedfunds 3,630 2,312

4 Income from investments

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Interest receivable 18 314 332 16 317 333

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

5 Charitable activities

2025 2024
£ £
Pastor salary and pension 28,806 31,123
Children's and other ministry work 160 177
Worship, licences and equipment 437 416
Events and activities 2,165 2,210
Conferences and training - 24
Catering and refreshments 190 299
Repairs & Maintenance 18,594 22,649
Miscellaneous 493 488
50,845 57,386
Grant funding of activities (see note 6) 2,998 2,966
Share ofsupport costs (see note 7) 21,984 23,702
Share ofgovernance costs (see note 7) 1,837 1,853
77,664 85,907
Analysis by fund
Unrestricted funds 56,971 61,171
Restricted funds 20,693 24,736
77,664 85,907
6 Grants payable
Charitable
activities		 Charitable
activities
2025 2024
£ £
Grants to institutions:
Pioneer Trust 900 900
Acorn Pregnancy Centre - 547
Special 125 .
Tender Heart - 1,519
1,025 2,966
Grants to individuals 1,973 -
2,998 2,966

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

7 Support costs allocated to activities

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|||||||||| |---|---|---|---|---|---|---|---|---| |Charitable|Total| |activities| |2025|2024| |£|£| |Administrator|salary|1,438|1,178| |Depreciation|2,178|2,178| |Telephone|and|broadband|833|640| |Insurance|2,625|2,445| |Repairs|and|maintenance|2,434|3,107| |Utilities|8,112|10,048| |Office|and|IT|costs|282|309| |Cleaning|costs|(including|salary)|3,846|3,561| |Subscriptions|236|236| |Governance|1,837|1,853| |23,821|25,555| |2025|2024| |Governance|costs|comprise:|£|£| |Independent|Examination|fee|600|600| |Accountancy|1,186|1,174| |Bank|charges|51|79| |1,837|1,853| |8|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|independent|examination|of the|charity's|financial| |statements|600|600| |Depreciation|of owned|property,|plant|and|equipment|2,178|2,178|

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9 Trustees

The fellowship leader Denise Langham (wife of the Trustee Mark Langham) received a gross salary and employer's pension contribution of £28,806 (2024: £31,123) during the year.

A Lovejoy Bruce-Kerr (a trustee) received the sum of £771 which had been raised specifically to help towards costs of a trip to Ghana.

It is considered that disclosure of donations by Trustees is confidential and would be detrimental to the work of the Trust if disclosed.

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

10 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Charitable activities (full and part time) 3 3
Employment costs 2025 2024
£ £
Wages and salaries 33,349 37,272
Other pension costs 604 906
33,953 38,178

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel (including wages, employer's pension contributions and employer's national insurance contributions) is as follows.

2025 2024
£ £
Aggregate compensation 28,807 31,123

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |12|Property,|plant|and|equipment| |Freehold|Fixtures,|Total| |property|_|fittings|and| |equipment| |£|£|£| |Cost| |At1|November 2024|103,000|16,784|119,784| |At|31|October|2025|103,000|16,784|119,784| |Depreciation|and|impairment| |At|1|November 2024|45,320|16,548|61,868| |Depreciation|charged|in|the|year|2,060|118|2,178| |At|31|October|2025|47,380|16,666|64,046| |Carrying|amount| |At|31|October|2025|55,620|118|55,738| |At|31|October|2024|57,680|236|57,916| |13|Trade|and|other|receivables| |2025|2024| |Amounts|falling|due|within|one|year:|£|£| |Prepayments|and|accrued|income|607|438| |14|Current|asset|investments| |2025|2024| |£|£| |Listed|investments|100|100| |15|Current|liabilities| |2025|2024| |£|£| |Other|payables|78|145| |Accruals|and|deferred|income|1,680|1,680| |1,758|1,825| |16|Retirement|benefit|schemes| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|604|906|

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

16 Retirement benefit schemes (Continued)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At1 Incoming Resources Transfers At 31 October
November resources expended 2025
2024
£ £ £ £ £
Leadership Discretionary 951 - (60) - 891
Stretch 166 1,685 (2,115) 264 -
General funds 73,039 57,769 (54,796) (525) 75,487
74,156 59,454 (56,971) (261) 76,378
Previous year: At1 Incoming Resources Transfers At 31 October
November resources expended 2024
2023
£ E £ £ £
Leadership Discretionary 32 925 (6) - 951
Stretch - 1,821 (2,115) 460 166
General funds 80,062 52,615 (59,050) (588) 73,039
80,094 55,361 (61,171) (128) 74,156

Leadership Discretionary

This fund is designated for the church leadership to make gifts to charitable projects or individuals in need.

Stretch

This fund is designated for the seated keep fit classes.

19 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 October 2025:
Property, plant and equipment 55,738 - 55,738
Current assets/(liabilities) 20,640 5,271 25,911
76,378 5,271 81,649

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RIVER OF LIFE CHURCH (WORTHING)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

19 Analysis of net assets between funds (Continued)

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 October 2024:
Property, plant and equipment 57,916 - 57,916
Current assets/(liabilities) 16,240 17,919 34,159
74,156 17,919 92,075

20 _~=siRelated party transactions

There were no disclosable related party transactions during the year other than those disclosed in Note 9 (2024 - none).

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