2022-03-31-accounts

Charity number: 1094843

THE REVIVAL CHURCH (TRC)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

THE REVIVAL CHURCH (TRC)

CONTENTS

	Page
Reference and administrative details of the charity, its Trustees and advisers	1
Trustees' report	2 - 6
Independent examiner's report	7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10 - 22

THE REVIVAL CHURCH (TRC)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees	Elena Ramos, Pastor
	Ruth Florence de Leon, Trustee
	Leo Galinato, Treasurer
	Dipesh J M Shah, Trustee
	Althea Timoney, Secretary
Charity registered number 1094843 Principal office 111 Leamington Crescent South Harrow Middlesex HA2 9HJ Accountants GMBC LLP Chartered Tax Advisers and Accountants Marine House 151 Western Road Haywards Heath West Sussex RH16 3LH Bankers NatWest Bank 298 Elgin Avenue London W9 1WT Solicitors Forman Welch & Bellamys 23 London Road Twickenham TW1 3SX Advisers Mr A Ramos Associate Pastor

Page 1

THE REVIVAL CHURCH (TRC)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the financial statements of the The Revival Church (TRC) for the 1 April 2021 to 31 March 2022.

Objectives and activities

a. Policies and objectives

The main objectives for the year continue to be the advancement of the Christian religion and education in the United Kingdom and in such other parts of the world as the trustees may from time to time think fit. In addition, the Charity aims to provide support and assistance to persons in conditions of need or hardship or who are aged or sick, in accordance with its objectives.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

During the Covid-19 outbreak and lockdown the church was forced to embrace new ways of doing things and of being church. We encouraged more participation of every leader of the different ministries through leading prayers, doing exhortations during the 21 days of fasting and prayer at the beginning of New Year 2022, and teaching/sharing the Word of God during transmissions.

We had engaged more on praying for the Pastoral care needs of the different chapters, people coming to know Jesus as their Lord and Saviour, the government/royal family, and the whole of the United Kingdom.

The contributions of volunteers is invaluable and creates the majority of the workforce, as they continually contact and encourage members to attend online transmissions and Zoom meetings.

Achievements and performance

a. Review of activities

In the beginning of the year, the leadership decided to continue with the mission statement as the goal: “To develop Authentic, Relevant, Christian Community, where people live in relationship with God, encounter His life, love and power, flourish, and share that life with others.”

The end of the lockdown really brought joy to the members of the congregation as they now can fellowship face to face, although still keeping with the strict government regulations of wearing masks, distancing, and taking body temperatures before entry to the building. We could see this would bring even greater impact to the fulfilment of the above mission statement.

The initiatives taken last year are still continuing as they have proven to be bearing fruit which are: more participation in each transmission not only of the leaders but members as well even from chapters outside the United Kingdom.

The church had continued to conduct the following transmissions every week:

Mondays – leaders (from different chapters) meeting Tuesdays – Zoom Bible Study and Prayer Time Thursdays – Zoom Worship Team meeting Fridays – Zoom Transmission focussed on Intercession and Prayer Sundays – Online Sunday Service Live Transmission only on the last Sunday of every month

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THE REVIVAL CHURCH (TRC)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance (continued)

We continue to believe that faith in God, transmission discussions and teaching/instructions from the Bible made the members become resilient, helped them to withstand stress, adapt to change, and thrive in a crisis. And also, the volunteers have continued to be very willing to help (and always following the government’s strict guidelines and regulations) those living within their areas that were isolated and suffered from Covid-19.

We believe in the power of connecting with people and building a loving community even in difficult and testing times. The continuous meeting together, both online during the week and in the building during Sunday services except for the last Sunday of every month, encouraged both the leaders and the members to be more involved in the discussions of every lesson assigned to them. This gave the chance for us to support and encourage one another as we walk with Jesus.

Miraculously, although we have been hearing of many people outside the church facing poverty and famine, the members were getting promotions at work and more job offers. Hence, the big increase in the giving of tithes and offerings.

We have the Main Church in London and a satellite church in Basingstoke, three satellite churches in Europe (Lund, Sweden; Lausanne, Switzerland and Floro, Norway) and two satellite churches (the second is the newly opened The Revival Church Pangasinan) in the Philippines.

The Covid-19 virus and unusual happenings in Great Britain, in Europe, and all around the world are a challenge for us to pray and do the will of God while there is still time. We need to work hard for the Word of God to be preached because signs are happening and pointing to Christ’s second coming very soon. We thank God for the doors that are opening for the opportunity to do His work. The board of Trustees have decided to continue to carry out the outreaches and mission work, and the equipping of leaders in the Main Church as well as in the Satellite Churches. We work while it is still day for the night comes when no one will be able to work. We strongly acknowledge the value of one soul to God!

There are two full time employed workers and one part time this year. We had 17 UK volunteers during the financial period. There are no serious incidents that need to be brought to the attention of the Charity Commission.

In conclusion, the Board of Trustees and leaders would like to thank everyone for their prayers, support, hard work and encouragement during the year, as we all endeavour to continue in the vision and direction that God has for us.

b. Investment policy and performance

The Charity has the policy of keeping any surplus liquid funds in short term deposits which can be accessed readily should the need arise.

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THE REVIVAL CHURCH (TRC)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Charity aims to build up reserves of equivalent to two years' net income for the advancement of its objectives. The reserves policy will be reviewed on an annual basis.

Structure, governance and management

a. Constitution

The Revival Church (TRC) is a registered charity, number 1094843, and is constituted under a Trust deed dated 6 February 2002.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision-making policies

The board of Trustees meets regularly (quarterly to twice yearly) and is the decision-making and governing body of the Charity. Consultation, proposals, decisions and planning must come from the board and the final implementation is done by board members and the different ministries. Proposals may come from the general officers, in which case, these proposals will be submitted to the board of Trustees for planning and approval. The board of Trustees will give the plans and decisions to the general officers for implementation. The results of the implementation will be submitted by the general officers back to the board for evaluation.

A regular meeting of the board of Trustees is very important. The chair person gives the agenda and the board secretary must see to it that the agenda is given out prior to each meeting.

d. Policies adopted for the induction and training of Trustees

There are five Trustees namely: Ms Althea Timoney, Mr Dipesh Jose Mari Shah, Miss Ruth de Leon, Mr Leo Galinato and Mrs Elena Ramos.

New Trustees are briefed on their legal obligations under charity law, the content of the Responsibility of Charity Trustess, the decision making process and recent financial performance of the Charity.

Page 4

THE REVIVAL CHURCH (TRC)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

e. Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. In addition, those responsible for the youth ministry are CRB checked, as the Trust continues to operate a Child Protection Policy. There is no more children ministry as families with children have moved to new addresses or have joined other churches with bigger children ministry.

Plans for future periods

The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. Therefore, our future plans will include not only church growth but also searching new ways of reaching out into the local community through social media, organising feeding programmes, and prayer walks.

Indeed, we strongly believe that there has never been such a time as now when the church is being given more opportunities to be meeting the needs for practical help and hope of the Gospel.

The resumption of Sunday service at the building (on 15th August 2021) was truly welcomed by the members of the congregation. Strict government and Askew Road Church’s (the landlord) guidelines were followed, and so attendance was restricted to only 30 people at the beginning and then increasing towards the end of 2021. With the continuous restrictions and the spread of Covid-19 variants, especially in the London area, it was decided to continue with online transmissions every last Sunday of the month and other church services and meetings be conducted on Zoom. Thankfully, also members of the other The Revival Church chapters worldwide are joining.

Declaration

There are no serious incidents that need to be brought to the attention of the Charity Commission.

In conclusion, the Board of Trustees and leaders would like to thank everyone for their prayers, support, hard work and encouragement during the year, as we all endeavour to continue in the vision and direction that God has given us.

Members' liability

The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

Page 5

THE REVIVAL CHURCH ITRC) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Independent examlner's report to the Trustees of The Revlval Church {TRC} {'the charity.) I reFX)rt lo the charity Trustees on my examination of the accounts ol the charity lor the year ended 31 March 2022. Regponsibilities and ba$ls of report As the Trustees ol the charity you are responsible lor the preparation ol the accounts in accordance with the requirements of the Charities Act 2011 I'the 2011 Act'l. I report in respect ol my examination ol the charity's accounts carried out under section 145 01 the 2011 Act and in carrying out my examination I have followed the applicable Oireclions given by the Charity Commission under section 14515llbl ol the 2011 Act. Independent examiner's statement Your attention is drawn lo the lacl that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Siaiemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities". Slalem8nl of Flecommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulalions but has been withdrawn. l understand that this has been done in order lor the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice ellectlvg lor reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no mallers have come lo my allenlion in connection with the examination giving me caLJse lo believe that in any material respect.. accounting records were not kept in respect ol the charity as required by section 130 of the 2011 Act; or the accounls do not accord with those records., or the accounts do not comply with the applicable requiremen18 concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part ol an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which att8nlion should be drawn in this report in order lo enable a proper understanding ol the accounts to be reached. This report is made solely lo the charity's Trustee$. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Ftegulalions 2008. My work has been undertaken so that I might slate lo the Charity's Trustees Ihose matters l am required to slate lo them in an Independent examiner's report and lor no other purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, lor my work or lor this report. Signed-. TINA PEARCE Dated. Tr J)eCknknJ2J 2022 GMBC LLP Chartered Tax Advisers and Accountants Marine House 151 Western Road Haywards Heath Wesl Sussex RH163LH Page 7

THE REVIVAL CHURCH (TRC)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2022 £ 1,000 - 1,000 250 250 750 - 750 750	Unrestricted funds 2022 £ 92,058 8 92,066 79,225 79,225 12,841 297,866 12,841 310,707	Total funds 2022 £ 93,058 8 93,066 79,475 79,475 13,591 297,866 13,591 311,457	Total funds 2021 £ 69,748 17 69,765 73,463 73,463 (3,698) 301,564 (3,698) 297,866

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 22 form part of these financial statements.

Page 8

			2022		2021
	Note		£		£
Fixed assets
Tangible assets	10		3'839		2,786
			3'839		2,786
Current assets
Debtors	11	17,104		12.558
Cash at bank and in hand		292,579		284,555
		309'683		297, 1 1 3
Creditors: amounts falling due within one
year	12	(2,065)		(2,033)
Net current assets			307,618		295,08C)
Total assets less current liabilities			311,457		297,866
Total net assets			31 1 ,457		297,866
Charity funds
Flestricted funds			750
Unrestricted funds			310'707		297,866
Total funds			311 ,457		297,866

THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. General information

The Charity is registered with the Charity Commission for England and Wales number 1094843. The Charity's principal office address is 111 Leamington Crescent, South Harrow, Middlesex, HA2 9HJ.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Revival Church (TRC) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

• Fixtures and fittings 25% reducing balance

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. Income from donations and legacies

Donations London donations London offerings London mission offering Basingstoke donations Gift aid recovered Tithes London tithes Basingstoke tithes Norway tithes Subtotal detailed disclosure Total 2022 Total 2021	Restricted funds 2022 Unrestricted funds 2022 £ £ - 57,015 - 60 - - - 9,789 - 16,777 - 3,152 - 2,280 1,000 2,985 1,000 92,058 1,000 92,058 - 69,748	Total funds 2022 £ 57,015 60 - 9,789 16,777 3,152 2,280 3,985 93,058 93,058 69,748	Total funds 2021 £ 40,088 - 30 11,816 11,964 1,910 2,165 1,775
			69,748
			69,748

4. Investment income

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
	£	£	£
Bank interest	8	8	17

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Analysis of expenditure on charitable activities

Summary by fund type

	Restricted	Unrestricted
	funds	funds	Total	Total
	2022	2022	2022	2021
	£	£	£	£
Advancement of the Christian religion	250	79,225	79,475	73,463

6. Analysis of expenditure by activities

Advancement of the Christian religion Total 2021	Activities undertaken directly 2022 £ 64,035 59,610	Support costs 2022 £ 15,441 13,853	Total funds 2022 £ 79,476 73,463	Total funds 2021 £ 73,463

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs Hall rental Food expenses Travel and accommodation European satellite expenses Basingstoke expenses Philippines mission costs Evangelical events Sundry equipment Teaching materials Training and course fees Benevolent and assistance gifts Philippines repair costs	Advanceme nt of the Christian religion 2022 £ 33,800 3,591 140 925 1,831 15,559 3,419 1,247 91 203 470 2,759 - 64,035	Total funds 2022 £ 33,800 3,591 140 925 1,831 15,559 3,419 1,247 91 203 470 2,759 - 64,035	Total funds 2021 £ 33,800 950 9 275 1,800 14,736 3,762 159 900 152 168 1,420 1,479
			59,610

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs Depreciation Miscellaneous expenses Printing and stationery Telephone Computer costs Postage Insurance Publicity/IT Accountancy	Advanceme nt of the Christian religion 2022 £ 9,620 1,280 605 103 2,062 121 14 645 169 822 15,441	Total funds 2022 £ 9,620 1,280 605 103 2,062 121 14 645 169 822 15,441	Total funds 2021 £ 9,620 929 (225) 13 1,849 - 43 628 241 755
			13,853

7. Independent examiner's remuneration

	2022	2021
	£	£
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts	354	318
Fees payable to the charity's independent examiner in respect of:
All other services not included above	468	437

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Staff costs

	2022	2021
	£	£
Wages and salaries	43,420	43,420

The average number of persons employed by the charity during the year was as follows:

Pastors Administration and ministry	2022 No. 2 1 3	2021 No. 2 1
		3

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year 2 Trustees received remuneration amounting to £30,420 (2021 2 Trustees - £30,420). Elena Ramos was paid an annual salary of £20,800 (2021 - £20,800) for her services as the pastor. Dipesh J M Shah was paid an annual salary of £9,620 (2021 - £9,620) for his administration role and is also a member of the pastoral team. The annual salaries are agreed by the Board of Trustees.

During the year ended 31 March 2022 no expenses were reimbursed or paid directly to the Trustees.

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Tangible fixed assets Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 11. Debtors Due within one year Other debtors Prepayments and accrued income Tax recoverable	2022 £ 327 - 16,777 17,104	Fixtures and fittings £ 24,319 2,333
		26,652
		21,533 1,280
		22,813
		3,839
		2,786
		2021 £ - 700 11,858 12,558

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12. Creditors: Amounts falling due within one year

Other taxation and social security Other creditors Accruals and deferred income	2022 £ - - 2,065 2,065	2021 £ 975 320 738
		2,033

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Statement of funds

Statement of funds - current year Unrestricted funds Designated funds Capital fund General funds General Fund Total Unrestricted funds Restricted funds Apple MacBook Air Total of funds Statement of funds - prior year Unrestricted funds Designated funds Capital fund General funds General Fund Total Unrestricted funds	Balance at 1 April 2021 £ 200 297,666 297,866 - 297,866 Balance at 1 April 2020 £ 200 301,364 301,564	Income £ - 92,066 92,066 1,000 93,066 Income £ - 69,765 69,765	Expenditure £ - (79,225) (79,225) (250) (79,475) Expenditure £ - (73,463) (73,463)	Balance at 31 March 2022 £ 200
				310,507
				310,707
				750
				311,457
				Balance at 31 March 2021 £ 200
				297,666
				297,866

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Statement of funds (continued)

Aim and use of the restricted fund:

The Apple MacBook Air fund was set up with a Norway tithe donation. The donation was specifically used against the purchase of an Apple MacBook Air computer. This asset has been capitalised and the charge in the year relates to depreciation.

14. Summary of funds

Summary of funds - current year

Designated funds General funds Restricted funds Summary of funds - prior year Designated funds General funds	Balance at 1 April 2021 £ 200 297,666 - 297,866 Balance at 1 April 2020 £ 200 301,364 301,564	Income £ - 92,066 1,000 93,066 Income £ - 69,765 69,765	Expenditure £ - (79,225) (250) (79,475) Expenditure £ - (73,463) (73,463)	Balance at 31 March 2022 £ 200 310,507 750
				311,457
				Balance at 31 March 2021 £ 200 297,666
				297,866

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THE REVIVAL CHURCH (TRC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2022 Unrestricted funds 2022 £ £ 750 3,089 - 309,683 - (2,065) 750 310,707	Total funds 2022 £ 3,839 309,683 (2,065) 311,457

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Total	Unrestricted funds 2021 £ 2,786 297,113 (2,033) 297,866	Total funds 2021 £ 2,786 297,113 (2,033) 297,866

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