| Funding sources............................................................................................................................10 | |
|---|---|
| Going concern................................................................................................................................11 | |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES.................................................................................12 | |
| Independent EXAMINER'S Report to the trustees of Riverside Church Trust..............................13 | |
| Responsibilities and basis of report...........................................................................................13 | |
| independent examiner's statement............................................................................................13 | |
| STATEMENT OF FINANCIAL ACTIVITIES..............................................................................................14 | |
| For | the year ended 31 August 2025...................................................................................................14 |
| Balance Sheet as at 31 August 2025..................................................................................................15 | |
| Notes to the Financial Statements for the Year Ended 31 August 2025.....................................16 | |
| 1 | Accounting Policies...................................................................................................................16 |
| (a) Accounting convention.........................................................................................................16 | |
| (b) Income.....................................................................................................................................16 | |
| (c) Resources Expended.........................................................................................................16 |
|
| (d) Unrestricted Funds............................................................................................................17 |
|
| (e) Restricted Funds................................................................................................................17 |
|
| (f) Fixed Assets............................................................................................................................17 |
|
| (g) Pensions..............................................................................................................................17 |
|
| (h) Finance and operating leases..........................................................................................17 |
|
| (i) Impairment of fixed assets..................................................................................................17 |
|
| (j) Cash and cash equivalents..................................................................................................18 |
|
| (k) Financial instruments............................................................................................................18 | |
| (I) Basic financial assets.............................................................................................................18 |
|
| (m) Basic financial liabilities.....................................................................................................18 |
|
| (n) Employee benefits.................................................................................................................18 | |
| (o) Post Balance Sheet Events...................................................................................................18 | |
| 2 | Analysis of income.....................................................................................................................19 |
| 3 | Analysis of expenditure............................................................................................................21 |
| 4 | Staff Costs..................................................................................................................................21 |
| 5 | Trustees' remuneration and expenses..................................................................................22 |
| 6 | Tangible Fixed Assets...............................................................................................................22 |
| 7 | Debtors....................................................................................................................................23 |
| 8 | Creditors: Amounts falling due within one year.................................................................23 |
| 9 | Obligations and commitments................................................................................................23 |
| Capital commitments....................................................................................................................23 |
| 10 | Related party transactions..................................................................................................23 |
|---|---|
| 11 | Taxation.....................................................................................................................................23 |
| 12 | Cash flowStatement...............................................................................................................24 |
| 13 | Unrestricted and Restricted Funds, and Fund Movements.................................................25 |
| 14 | Analysis of net assets between funds....................................................................................25 |
| 15 | Legal status of the charity.......................................................................................................25 |
| 16 | Control.......................................................................................................................................25 |
| Notes | Unrestricted | Restricted | 2024/25 | 2023/24 | |
|---|---|---|---|---|---|
| Income and endowments | |||||
| Income from generated funds | |||||
| Donations and legacies | 2 | 535,427 | 100,162 | 635,590 | 912,555 |
| Other trading activities | |||||
| Income from investments | 15,814 | 15,814 | 12,457 | ||
| Income from charitable activities | 51,395 | 31,235 | 82,630 | 76,709 | |
| Other income | 72 | 12,294 | 12,366 | 11,368 | |
| Grants Receivable | 2 | 73,050 | 73,050 | 166,868 | |
| Total income and endowments | 602,709 | 216,742 | 819,450 | 1,179,957 | |
| Expenditure on | |||||
| Charitable activities | (843,586) | (264,248) | (1,107,835) | (1,011,658) | |
| Governance Costs | |||||
| Total Resources Expended | 3 | (843,586) | (264,248) | (1,107,835) | (1,011,658) |
| Net income/(expenditure) | (240,878) | (47,507) | (288,385) | 168,299 | |
| Transfers between funds | |||||
| Net (outgoing)Zincoming resources | 11/12 | (240,878) | (47,507) | (288,385) | 168,299 |
| Fund balances brought forwards | 932,942 | 172,825 | 1,105,767 | 937,467 | |
| Fund balances carried forwards | 692,064 | 125,317 | 817,382 | 1,105,767 |
| Land | No depreciation |
|---|---|
| Freehold Property | 50 years |
| Fixtures and Fittings | 15 years |
| Furniture and Office Equipment | 5 years |
| Technical Equipment, | 4 years |
| Vehicles | 5 years |
| Donations and legacies | Unrestricted | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2024/25 | 2023/24 | |||||
| £ | £ | £ | £ | |||||
| Donations | 446,556 | 89,262 | 535,817 | 813,127 | ||||
| HMRC Gift Aid Rebate | 88,872 | 10,901 | 99,772 | 99,428 | ||||
| £ | 535,427 | £ | 100,162 | £ | 635,590 | £ | 912,555 |
| Grants Receivable | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2024/25 | 2023/24 | ||
| £ | £ | £ | £ | ||
| BCC Celebrating Communities | 2,000 | ||||
| BCC Food Provision Top Up Grant | 4,000 | 4,000 | |||
| BCC Income Maximisation IAG Funding | 48,276 | ||||
| BCC Warm Welcome | 17,000 | 17,000 | 2,500 | ||
| BCC Wellbeing Hub Grant | 3,000 | ||||
| BCC Winter Food Aid Fund | 5,000 | ||||
| Deo Gloria Trust Grant | 1,500 | ||||
| E C Oldham Charitable Trust | 500 | ||||
| Edward Cadbury Charitable Trust | 2,000 | 2,000 | |||
| Evangelical Trust Grant | 1,000 | 1,000 | |||
| Interserve Country Fund Grant | 2,550 | 2,550 | |||
| Maydwell Trust | 250 | ||||
| National Lottery Community Fund | 73,842 | ||||
| One Stop Community Partnership Grant | 1,000 | 1,000 | |||
| Percy Ruoff Charitable Trust | 500 | 500 | |||
| Trustees of the G E GEE Trust | 45,000 | 45,000 | 30,000 | ||
| - | 73,050 | 73,050 | 166,868 |
| Analysis of Giving to Others | 2024/25 | 2023/24 | |
|---|---|---|---|
| Total | Total | ||
| £ | £ | £ | |
| Individuals in the UK | |||
| Lynch Family Mission Trip | 1,000 | ||
| Mike and Rachel Hill | 4,404 | ||
| Discretionary Gifts (under £500) | 1,156 | ||
| 6,560 | 7,006 | ||
| Individuals - International | |||
| Emma Thomas | 5,927 | ||
| Steve Jones | 2,214 | ||
| 8,141 | 10,083 | ||
| Organizations in the UK | |||
| Interserve | 10,390 | ||
| Cana Trust | 3,337 | ||
| ICY Ministries | 5,403 | ||
| Agape | 7,642 | ||
| The Feast Youth Project | 608 | ||
| Evangelical Alliance | 500 | ||
| Saltmine | 990 | ||
| ChaplaincyPlus | 300 | ||
| Engage West Midlands | 3,000 | ||
| YWAM (C Douglas) | 1,000 | ||
| Tearfund DRC Support | 1,000 | ||
| Love Southport | 500 | ||
| Premier Christian Radio | 328 | ||
| International Organizations | 34,998 | 31,872 | |
| Open Doors | 2,214 | ||
| Operation Mobilisation | 2,214 | ||
| Scriptural Knowledge | 5,508 | ||
| 9,936 | 9,516 | ||
| 59,635 | 58,477 |
| 2024/25 | 2023/24 | ||||
|---|---|---|---|---|---|
| Direct | Staff Costs | Apportioned | Total | Total | |
| General Funds | £ | £ | £ | £ | £ |
| Pastoral | 61,224 | 319,455 | 31,947 | 412,626 | 329,324 |
| Generations | 28,287 | 2,374 | 30,660 | 40,218 | |
| Academy | 60 | 5 | 65 | 332 | |
| Worship Gatherings | 42,534 | 3,570 | 46,103 | 39,145 | |
| Facilities | 162,969 | 95,469 | 21,688 | 280,126 | 270,924 |
| Designated Funds | |||||
| Community Projects | 74,321 | 10,055 | 84,376 | 82,921 | |
| Real Riverside | 5,046 | 5,046 | 4,715 | ||
| Restricted Funds | |||||
| Gifts being passed on | 4,884 | 4,884 | 2,944 | ||
| Money Advice | 59,546 | 62,912 | 122,458 | 120,012 | |
| Performing Arts | 9,884 | 56,861 | 66,744 | 83,046 | |
| Pineapple Youth Project | 1,581 | 1,581 | 3,429 | ||
| Interserve | 19,901 | 19,901 | 7,012 | ||
| Pantry Project | 20,840 | 12,425 | 33,264 | 27,636 | |
| 491,075 | 557,176 | 59,584 | 1,107,835 | 1,011,658 |
| 2024/25 | 2023/24 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 484,948 | 470,635 |
| Social security costs | 48,641 | 37,903 |
| Pension | 23,587 | 22,435 |
| 557,176 | 530,973 |
| 2024/25 | 2023/24 | |
|---|---|---|
| Direct charitable work | 9 | 10 |
| Administration | 4 | 4 |
| 13 | 14 |
| Freehold Property |
Fixtures and Fittings |
Furniture and Office Equipment |
Technical Equipment |
Minibus | Total | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| COST | ||||||
| At 31 August 2024 | 771,181 | 41,093 | 31,658 | 53,206 | 17,280 | 914,419 |
| Additions | 12,431 | 6,693 | - | 4,190 | - | 23,314 |
| Disposals | - | - | - | - | - | - |
| At 31 August 2025 | 783,613 | 47,786 | 31,658 | 57,396 | 17,280 | 937,733 |
| DEPRECIATION | ||||||
| At 31 August 2024 | 355,030 | 22,836 | 17,111 | 44,277 | 17,280 | 456,535 |
| Charge for the year | 10,060 | 1,859 | 5,605 | 7,247 | - | 24,771 |
| Eliminated on | ||||||
| disposal | ||||||
| At 31 August 2025 | 365,090 | 24,695 | 22,716 | 51,524 | 17,280 | 481,305 |
| NET BOOK VALUES | ||||||
| At 31 August 2024 | 416,151 | 18,257 | 14,548 | 8,928 | - | 457,884 |
| At 31 August 2025 | 418,522 | 23,091 | 8,943 | 5,872 | - | 456,428 |
| 2024/25 | 2023/24 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments | 10,572 | 9,094 | ||
| Other debtors | 1,200 | 3,113 | ||
| HMRC Gift Aid | 7,581 | 7,587 | ||
| 19,353 | 19,794 |
| 2024/25 | 2023/24 | |
|---|---|---|
| £ | £ | |
| Payroll Liabilities - HMRC PAYE | 388’ | 8,768 |
| Accounts Payable | 21,013 | 9,335 |
| Governance | 5,500 | 8,000 |
| Deferred Income | 1,410 | 3,858 |
| Other | ||
| 28,311 | 29,961 |
| 2024/25 | 2023/24 | |
|---|---|---|
| £ | £ | |
| Cash generated from operating activities: | ||
| Net cash provided by (used in) operating activities | (280,638) | 200,633 Table 1 |
| Cash flows from other sources: | ||
| Interest from investments | 15,814 | 12,457 |
| (264,823) | 213,090 | |
| Application of cash: | ||
| Purchase of property, plant and equipment | (23,314) | (13,485) |
| Purchase of investments | - | |
| Repayments of borrowing | ||
| (23,314) | (13,485) | |
| Net increase/(decrease) in cash: | (288,138) | 199,605 |
| Cash at bank and in hand less overdrafts at the beginning of the yea | 658,049 | 458,443 Table 2 |
| Cash at bank and in hand less overdrafts at end of the year | 369,911 | 658,049 |
| Table 1: Reconciliation of net income/(expenditure) to net cash | ||
| flow from operating activities | ||
| 2024/25 | 2023/24 | |
| £ | £ | |
| Net income/(expenditure) (per the statement of financial activities) | (288,385) | 168,299 |
| Adjustments for: | ||
| Depreciation charges | 24,771 | 35,014 |
| Interest from investments | (15,814) | (12,457) |
| Loss/(profit) on the sale of fixed assets | - | |
| (lncrease)/decrease in debtors | 441 | 4,291 |
| lncrease/(decrease) in creditors | (1,650) | 5,486 |
| Net cash provided by (used in) operating activities | (280,638) | 200,633 |
| Table 2: Analysis of cash at bank and in hand less overdrafts | ||
| 2024/25 | 2023/24 | |
| £ | £ | |
| Cash at bank and in hand at the beginning of the year | 658,049 | 458,443 |
| Overdrafts included in bank loans and overdrafts falling due within | ||
| one year | - | - |
| 658,049 | 458,443 |
| At 31 August 2024 | At 31 August 2024 | Movements in funds At 31 August 2025 | Movements in funds At 31 August 2025 | |
|---|---|---|---|---|
| £ | £ | £ | ||
| General Funds | 429,550 | (201,882) | 227,669 | |
| Designated Funds | 503,392 | (38,996) | 464,396 | |
| 932,942 | (240,878) | 692,065 | ||
| Restricted Funds | At 31 | August 2024 | Movements in funds **At ** | 31 August 2025 |
| £ | £ | £ | ||
| Riverside Money Advice | 100,671 | (45,530) | 55,141 | |
| Free advice service | ||||
| Riverside Performing Arts | 43,156 | (19,046) | 24,111 | |
| Christian drama group | ||||
| Pineapple Youth Project | 3,073 | (1,172) | 1,900 | |
| Youth work on the Pineapple | Estate | |||
| Restricted Funds | 3,093 | 9,270 | 12,363 | |
| Small gifts to missionaries | ||||
| Riverside Pantry | 22,832 | 8,970 | 31,802 | |
| Food pantry service | ||||
| 172,825 | (47,507) | 125,318 | ||
| Total | 1,105,767 | (288,385) | 817,383 |
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | Funds | Total | |
| £ | £ | £ | |
| Fixed Assets | 456,428 | 0 | 456,428 |
| Other net | |||
| assets | 14,152 | 5,200 | 19,353 |
| Cash | 239,908 | 130,004 | 369,912 |
| Liabilities | (18,424) | (9,887) | (28,311) |
| 692,064 | 125,318 | 817,382 |