REGISTERED CHARITY NUMBER: 1092998
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2025
for
River of Life Church
River of Life Church
Contents of the Financial Statements for the Year Ended 31 May 2025 Page Report of the Trustees 1 tO 13S Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes to the Financial Statements t to; 11 Detailed Statement of Financial Activities 12
River of Life Church
Report of the Trustees for the Year Ended 31 May 2025
The trustees present their report with the financial statements of the charity for the year ended 31 May 2025.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 2015).
OBJECTIVES AND ACTIVITIES Objectives and aims
The objectives of the Charity are:
To advance the Christian faith through preaching and proclamation of the Christian Gospel; the teaching of Christian doctrine, pastoral care of Christian people; and the distribution of Bibles and Christian literature.
To assist and relieve people who are in conditions of need, hardship, or distress, or who are aged and sick. There have been no changes in objectives since the last annual report.
The Trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit and have strived to ensure that the Charity's activities reflect this.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Charity organises and convenes a programme of weekly meetings for the proclamation of the Gospel of Jesus Christ and for the instruction and teaching in the Holy Scriptures.
The Charity organises regular outreach and special events as follows:
Maintenance of the Christian Life Centre to meet the objectives of the Charity.
Financial support to the people within and outside the church, including the following charitable organisations: -
Ministries supported during the year were, CAP, Hope Trust, Barnabas Fund, Open Doors, Samaritans Purse, together with individuals working with Christian outreach organisations on a full time or temporary basis.
Practical support to people within the church and local community through working in partnership with BASIC Life Charity to provide a POP-UP Shop and free tea & coffee to customers of the POP-UP shop, manned by church volunteers. A Men's Ministry was introduced and offered to all men to assist men to grow in the Faith and be encouraged in their walk.
FINANCIAL REVIEW
Reserves policy
The Trustees are working towards having a balance in place to accomplish a formal reserve policy. This will be ongoing to the amount to cover one months running costs.
Net assets at the end of 2025 were £757,981 (2024 - £758,929).
Capital expenditure during the year of £1,296 (2024 - ENil) (representing fixtures, fittings and equipment at the church).
Alterations and improvements to the building are ongoing and subject to the prudent approach employed by the Trust for all of its activities.
Page 1
River of Life Church
Report of the Trustees for the Year Ended 31 May 2025
FUTURE PLANS
The future plans are to continue with the objectives of the Church.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Safeguarding and Governance
The Charity has a safeguarding Policy which has been implemented and copies issued to all individuals working with children, young people and adults with care and support needs. Training in safeguarding is provided for all new volunteers and refresher training for all current volunteers are being offered and ongoing.
The Charity's Trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with the applicable law and regulations.
The law applicable to charities in England and Wales requires that trustees prepare Financial Statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice, (United Kingdom Accounting Standards and Applicable Law). The Trustees must not approve the Financial Statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity in the income and expenditure of the Charity for that period.
In preparing these Financial Statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charity's SORP;
-
Make judgements and accounting estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed; subject to any material departures disclosed and explained in the financial statements;
-
Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue to operate.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are working towards a policy of providing a suitable free reserve of at least three month's income, to ensure suitable accounting practices are achieved.
During the year the Trustees have met and have taken into account the various business and operational risks which the Charity faces. The trustees are confident that the current financial reporting structure and current risk assessment strategies are sufficient to ensure that adequate steps can be taken to address any significant issues which may arise, which are outside the current norm.
Page 2
River of Life Church
'
Report of the Trustees
for the Year Ended 31 May 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1092998
Principal address
Christian Life Centre 2 Carr Road Felixstowe Suffolk IP11 2FS
Trustees R Harvey T Baker Mrs S Verow Mrs J Harvey
PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks and uncertainties relate to the continuing donations income. However, the Trustees are confident that donations will continue to be received at the same level as previous years. Gift Aid is being promoted.
Approved by order of the board of trustees on 16 March 2026 and signed on its behalf by:
pe ill | ere ama mae
Page 3
Independent Examiner's Report to the Trustees of River of Life Church
Independent examiner's report to the trustees of River of Life Church
| report to the charity trustees on my examination of the accounts of River of Life Church (the Trust) for the year ended 31 May 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
te accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2: the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form 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.
| 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.
Adrian Mole FCA ATII BFP Quove Accounting Ltd
3 Brickfields Business Park Old Stowmarket Road Bury St Edmunds IP30 9QS
16 March 2026
Page 4
River of Life Church
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Statement|of|Financial|Activities|
|for|the|Year|Ended|31|May|2025|
----- End of picture text -----
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|31.9.20|ole|
|Unrestricted|Unrestricted|
|fund|fund|
|Notes|.|.|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|114,991|96,389|
|Total|114,991|96,389|
|EXPENDITURE|ON|
|Raising|funds|2|115,939|84,053|
|NET|INCOME|(948)|12,336|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|758,929|746,593|
|TOTAL|FUNDS|CARRIED|FORWARD|757,981|758,929|
----- End of picture text -----
The notes form part of these financial statements
Page 5
River of Life Church
Balance Sheet
31 May 2025
| 31.6:25 | 31.5.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| fund | fund | ||||
| Notes | z= | 2 | |||
| FIXED ASSETS | |||||
| Tangible assets | 5 | 802,312 | 806,539 | ||
| CURRENTASSETS | ' | ||||
| Cash at bank | 1,674 | 14,588 | |||
| 1,674 | 14,588 | ||||
| CREDITORS | |||||
| Amounts falling due within one year | 6 | (46,005) | (62,198) | ||
| NETCURRENT LIABILITIES | (44,331) | (47,610) | |||
| TOTALASSETS LESS | CURRENT | ||||
| LIABILITIES | 757,981 | 758,929 | |||
| : | |||||
| NETASSETS | 757,981 | 758,929 | |||
| FUNDS | TE | ||||
| Unrestricted funds | 757,981 | 758,929 | |||
| TOTALFUNDS | 757,981 | 758,929 |
The financial statements were approved by the Board of Trustees on 16 March 2026 and were signed on its behalf by:
The notes form part of these financial statements
Page 6
River of Life Church Notes to the Financial Statements for the Year Ended 31 May 2025
1.ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
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. Freehold property - at varying rates on cost Fixtures and fittings - 20% on reducing balance Computer equipment - 25% on cost
Taxation
The charity is exempt from 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 7
continued...
River of Life Church
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
2.RAISING FUNDS
Raising donations and legacies
| Raising | donations and legacies | ||
|---|---|---|---|
| Sta.20 | 31.5.24 | ||
| 3 | £ | ||
| Support | costs | 115,939 | 84,053 |
| 115,939 | 84,053 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Trustees’ Remuneration
| 31:5.25 | 31.5.24 | |
|---|---|---|
| = | E | |
| A Chenery (no longer a trustee) | - | 13,412 |
| a | 13,412 | |
| Trustees’ expenses | ||
| 315.25 | 31.5.24 | |
| 3 | £ | |
| A Chenery (no longer a trustee) | - | 20 |
| oS | oo |
4.STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.520 | 31.5.24 | ||
|---|---|---|---|
| Full | time | 2 | 1 |
| Part | time | 1 | oe |
| pees | os |
No employees received emoluments in excess of £60,000.
Page 8
continued...
River of Life Church
Notes to the Financial Statements - continued
for the Year Ended 31 May 2025
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | Computer | ||
| property S |
fittings fe |
equipment 2 |
Totals = |
|
| COST | ||||
| At 1 June 2024 | 853.713 | 335,959 | 23.136 | 1,212,808 |
| Addition | - | - | 1,296 | 1,296 |
| At 31 May 2025 | 853,713 | 335,959 | 24,432 | 1,214,104 |
| DEPRECIATION | ||||
| At 1 June 2024 | 57,799 | 325,334 | 23,136 | 406,269 |
| Charge for year | 3,074 | 2,125 | 324 | 5523 |
| At 31 May 2025 | 60,873 | 327,459 | 23,460 | 411,792 |
| NET BOOKVALUE | ||||
| At 31 May 2025 | 792,840 | 8,500 | 972 | 802:312 |
| At 31 May 2024 | 795,914 | 10,625 | - | 806,539 |
| 6.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 315.25 | 315.24 | |||
| = | es | |||
| Other loans (see note 8) | 37,500 | 50,000 | ||
| Trade creditors | 4,545 | 847 | ||
| Other creditors | 3,960 | 11-501 | ||
| 46,005 | 62,198 |
6.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 9
continued...
River of Life Church
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
7.MOVEMENT IN FUNDS
| 7.MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 31.5.24 | in funds | 31:5:25 | |
| 3 | i | i | |
| Unrestricted funds | |||
| General fund | 758,929 | (948) | 757,981 |
| TOTAL FUNDS | 758,929 | (948) | 757,981 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| : | ‘ | a | |
| Unrestricted funds | |||
| General fund | |||
| 114,991 | 115,939 | (948) | |
| TOTAL FUNDS | 114,991 | 115,939 | (948) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 31.5.23 | in funds | 311.5.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | |||
| 746,593 | 12-596 | 758,929 | |
| TOTAL FUNDS | 746,593 | 12,336 | 758,929 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| e | iS | 2 | |
| Unrestricted funds | |||
| General fund | |||
| 96,389 | 84,053 | 12,336 | |
| TOTALFUNDS | 96,389 | 4,053 | 12,336 |
continued...
Page 10
River of Life Church
Notes to the Financial Statements — continued for the Year Ended 31 May 2025
8.RELATED PARTY DISCLOSURES
During the year payments were made to R Harvey, who is a Trustee, totalling £ Nil (2024 - £1,063) for custodian services.
Included in Creditors — amounts due within one year, Other loans is an amount loaned to the charity of £22,500 (2024: £30,000) from T Baker, a trustee. This amount is interest free, and has been made available for a period of up to five years. It can be repaid earlier by agreement of both parties and therefore is shown as a current liability. This loan was made during the year ended 31 May 2022.
Page 11