Charity number: 1099595 River of Life Ministry Trnstees, report and financial statements for the year ended 31 March 2024 River of Life Ministry Contents Page Legal and administraiive infomiation Trustees r¢port Independeni examiner8. rew Stiil¢m¢ni of finJn¢iul wiiviiies Bdlthnce %heei Note% tv the fIn￿n(la1 s¢aiements River of Life Ministry Legal and administrative information Charity number IIY49595 Registered 0￿)ee 2 Tarragon Gardens Birmingham We.%¢ Midland% B31 SHU Trustees Coroline Linden Mik￿1 Axel¥%on SalJko AdedJmola Secretary Mrs Pamela Aggrey Accountants Ye%.% & Co Yev% H()u%e 1.111 Hill SmL'ihwiLk We%1 Midland Bankers BarLlay% Bank PIC 3RD FJtK)r. We%igrove House 38- 40 Ha8ley Road Edgha%lon Birniingham B16 8PE River of Life Ministry Report of the trustees for the year ended 31 March 2024 The Irusiees preseni Iheir report and the financial S￿en￿niS for the year ended .1 l March 2024. The irusiees who served during ihe Ye￿ and up lo the date of this rewrt I￿e set oul on page l. ObJ￿tiveS and activities I. TD AdwanLe the ChTi%IILin Fdith in accordance with the Sialetnenl of Beliefs appearing in the Schedule hereto in Sdndwell and Ihe surrnunding arca and in such othcr pans of ihe Uniicd Kingdom or world as ihe trusiecs may fTnm iimc in lime think fit and lu fulfil %ULh other PUTTMTr5es whiLh dre ¢xLlusively Lharitsble dLLurdin¥ lo the law uf Eng141nd dnd Wdles LonneLieiJ with Ihe work ot ihe chariiy. 2. To relieve per%É)n¥ who are in condition% of need or har¢J%hip or who ale aged or sick 41nd 10 relieve Ihe di%ire%% cau%ed ihereby in the 4aid locaiion in such oiher pons of the Unl￿d Kingdom or ihe world as th¢ irus*¢s J￿Y from iiJn¢ lo lime ihink fit. Achievements and performance In 21123124 SIGNIFICANT DEVELOPMENTS.. I I l ThL Mini%try h%L% reldunch¢d ih¢ 'Friday Brcdkfysi Club.- providing ¢oMplinKnl￿ br¢kLkfkL4t lo vulnerable adult%, %lJrtin&T in late 21121. 121 Addi(iiTrnJlly, the governmeni is planning ihe regenerJlion ol L￿dYw¢￿. Ihe neighl)ourh(M)d where our churLh buildinbi j l()LdlLd. BLrkLILy Griiup dnd Si. Joseph will be ihe coniraciors collaErf)raiing with Birniinghain Ciiy Council lo rebuild Ladyw()()d ()vLr IhL nLx( tWLniy year%. 111 Furihernii)re. Ihe Mini%lTy reslaned ihe Chrisim&% Communiiy Feeiling progrJm in Delember 202.3, %eTving l()rty vulneruble aduli.%. Plan5 for future period5 I I l Mini%ier A. MLBrid¢ Lompleied chapldincy training and is currently a volunieer chaplain in ihe NHS. 121 In .Scpicmbcr 2n24. Minislcr A. McBridc will Ordair￿ thc official chaplain of Ihc Rii'cr of Lifc Mini%try. 111 Stdriing in Jdnuary. we will launch a 'su￿r Son Day" for each nM)nih, where we will go ihrough ihe BLX)ks of Ephebiany and the Book of RevelatLOll. 141 Additionally. we are planning 10 iniiiaie iwo ¢ommuniiy m1nisiri￿.. E%iher Group Id Iddie.%' Chri%lian cotntthunity minLStryl h. Cnnimuniiy Praycr Meciing (involving Ihree Churc￿5) River of Life Ministry Report of the trustees for the year ended 31 March 2024 Statement of trustees, responsibilities The trll%iee% are responsible for preparing ihe Tn]%iees' Annual Report and the financial sratemenis in accordance with applicable law and United Kingdom AcLouniing Siandards Iuniied Kingdom Generally Accepied Accoun¢ing Praciicel. Law appliLable io charities in England and Wales requires the In￿(eeS 10 prepare flnancial sthrements for each financial year which give d true Lind fair view of charity and of the incoming resources and application of resources of the charity for ihdi year. In preparing lhe.se tinancial 8iarements the irnsiees required io.. seleci.%uiiable accouniing policies and ihen apply ihem coTh%i$￿TrIly. ob¥£rve the meihods and principles in ihe Charitie% SORP- make judgemen¢4 and esliwte4 that are reasonable Jnd pwdeni- %iale wheiher applicable UK Accouniing Siandards have been followed. subjeci to any maierial departure% di%clo%ed and expluinLd in (hL finanLial %iaicnK'ni%.' prL'P:Irc ihe financial 4lgLtement4 on the going concem btssis unless il is inappropriate 10 pretsun￿ thglt ihe ehuriiy will coniinue in The iru%iee% dre re%p()n%ible for keeping proper accouniing record% which diiclose with re&¥onable accuracy at dny time the finLinLidl p()%itii)n i)I' the Lharily and cndble iheffl lo en%urc ihJl Ihc finJncial %tJlcmcnl% ciTrmply with thc Chdrilic% ALI 19Y.l and Ihe Chariiy IALL()uni% dnd Rewrt%l Reguldiion% 2(M)8. They dre allo reS￿)n11ble fi)r ￿[e￿7VardIng ihe ￿le15 ol. Ihe chdriiy and hence f()r tdking red%()n&ible %iep% for the prevcntion and detection of fraud and oihcr irt8ularilic%. On behdifof the bodrd Mr% Pamela Aggrey Secretary River of Life Ministry Independent examiner's report to the trustees OD the unaudited financial statements of River of Life Ministry. I report on the dccount5 of River of Life Ministry for the year ended 31 March 2024 Set out on pages 2 to I l. Respective responsibilities of trustees and independent examiner A% the LhaTily'% Iru%lee% yuu (he inL()me Jnd the amouni con be qudniified with re&¥onable accuracy. The following %pecifiL p()li¢ie% dpplied io pdriiLular caieg()rie% of ine()me'. Vi)lunidry in¥()mc 1.% received by way ()f gr￿n1_￿. don￿110￿5 and gifts and is inLludcd in full in ihe %idtcineni of linanLidl aLILVlties when reeeivablc. GrJnl.s where eniiilemcni is nol LondiliiTrnal iTrn ihe delivcry ()I' a %PLLific perf()rmanLe by ihe chdriiy, are re¢()gni4ed when the ch￿rY become4 uncondiiionally eniiiled ¢1) Ihe grani. Di)naled %ervi¢e% Jnd [￿lI]ll¢S are included Ji Ihe vJlu¢ io the ¢hariiy where thi4 ¢Jn be quanlified. The value of 8ervice8 provided by voluntttrs h&$ noi been included. Gilt% dondted fur resale are included Ir￿0m1n8 resources wiihin aciiviiies lor generaiing fund% when ihey are Income from invebimenis is included in ihe year in which il is receivable. 1.4. Resources expended ExpcnditUTe is recogni%ed on an accrual hasis a liability is incurred. Expcndiiure include% any VAT which cannoi be fully recovered. dn(J 15 rewbrted ol Ihe eX￿ndItUre 10 whiLh Il reldies. Cvblb vl generdiing funds L(Trmprise the Lvsls as5()Liated wilh a(traciing voluntary Incon￿ dnd ihe cos15 of trading for fundraising purposes including the charity's shop. Charitable expetldituie cotnpTi5es those cost5 incurred by the chatity in the delivery of it5 actii'itie5 and services tor its beneti¢iaries. [( includes l)OLh cosis ihai can be all￿￿ed direcily io such aciiviiies and ihose cosis of an indirect rtdlure nece55ary to support them. Suppvrt LOSts ate those Costs incutred directly in sUp￿rt of expendilure on (he vbje¢(s' of the chdrity dnd include project managemcnt. River of Life Ministry Notes to financial statements for the year ended 31 March 2024 1.5. T8ngible fixed a&sets and depreciation Tdngible fixed dsseis ￿ 5taied dt cost les5 accumulated depreciation. Depreciation is provided at rates calculdted ro write off ihe cosi less residual value of each &isei over ILS expecied useful life, &$ follow.%.' B(K)ks,Mu8ic & Librnry Fixtures. titiings and equipment Mulor vehiLle Cumpuler Equipment 5% straighi Line lock straight line 10* slraighi line 209e sirdighi line 1.6. Defined eontributlon pension schemes ThL PLns1()n costs LhargLd in IhL Iindiicial siaiemenLS repre*ni the contribution payable by rhe chariiy during the yeur. Voluntary Income Unrestricted Reslricied funds funds 21124 Total 21123 On'Lring TiihLS OihLr D()naiion8 Gift Aid 7711 31,1184 I.IH7 311,561 26.854 4.230 31.624 35.8.54 42.IH8 InV￿tment income unre.stricted funds 2&24 Total 2th23 Total Bdnk iniere.%¢ receivable Repayment interest on Gift Aid 26 26 209 26 26 209 Other incoming resources Unresiricied funds 2024 I'otal 2023 Total Oihei income 1.248 ,248 1,248 1,248 River of Life Ministry Notes to financial statements for the year ended 31 March 2024 Employees Employment costs 2024 2023 Wdge% and salaries Pen%ii)n cnsis 22.399 981 19.424 781 23.380 20.205 The average monihly number8 of employees lincludin8 ihe Irusieesl during the year. calculated on ihe ba%is of full lime equiv￿1¢￿1￿. was follows: Period ended 2024 Number Period ended 2023 Number Toial Pension eosts -The Company operaies a defined coniribuiion pen.¥ion Scheme in respect of the Ne51. The %eheme and i(% arL hcld hy independent manager%. The pension charge repre4enLs contributions due fmrn the cnmpany and wa% as follows: 2024 2023 Pension ch￿￿e 981 781 River of Life Ministry Notes to financial statements for the year ended 31 March 2024 Fixture& Music fittings And & Library equipment Computer Motor Equipment vehicles Tangible fixed assets Total Cos¢ At l April 2023 and Ai 31 March 2024 3.289 29.169 674 12.584 45.716 Depreeiation Ai l April 2(123 Chargc tnr the year 1.2112 29.168 674 12.583 43,707 Ai 31 Mdrch 2024 1.446 29.168 674 12.583 43.871 Net book values AI I I MLifLh ?0?4 1.843 1.845 Ai 3 l March 21)23 2.IN)7 2,111)9 Debtors 2024 2023 Trade debtors 2.053 11.822 Creditors: amounts falling due within one year 2024 2023 Church Member LA)an CiJrpor£ltion Idx Other laKe% and s(Kial Security Oihcr crcditors {2WI 12tM)I 781 18641 {1281 (191 {2191 io. Unrestricted funds At l April Incoming Outgoing 2023 resources resources At 31 March 2024 unreS￿¢￿d Fund 18.986 139,9251 11,959 River of Life Ministry Notes to financial statements for the year ended 31 March 2024 ii. Restricted funds At l April Incoming Outgoing At 31 March 2024 202J resources resources Description for Reslricied Fund I 16391 4.230 1122} 3,469 River of Life Ministry The following pages do not forni part of the slalutory accounts. River of Life Ministry Detailed statement of financial activities For the year ended 31 March 2024 2024 2023 Incoming resources InLuming resourLYs from generating funds: Ol'lerings Tiiheb Other Donutions Gift Aid 770 31.084 1.047 30.561 5,850 42,048 Bdnk iniere41 receivable RLpdyment inicre%l ()n Gif¢ Aid 26 209 26 2119 Total incoming resources from %eneratinR funds 35.8110 42,257 Other incoming resources OihLr in¥()mL 1.248 1.248 Total incoming rewurtts 37.128 42,257 Resources expended Costs of generating fund5: Fundraisinx tradin%: cost of goods sold and other costs River of Life Ministry Detailed statement of financial activities For the year ended 31 March 2024 2024 2023 Charitable activities ALtivity 9 Ai'iii'ilie.s £tnderluken direc'il) Charity donaiions 680 680 Actlvity 9 total expenditure 680 Total charitable activity expenditure 680 Governance costs 22.399 981 1.761 19,424 7111 ENliihli%hmeni - Rep&iir% & maintenance M(?l(Ir VLhiLIL expcn¢£.¥ F()rLi&pn Mi%%i()n Mis.%i()nJry Giving TLILph()ne General Expcn¢ts Printing. Pt>%tdge & Stationery Dcpreciation & impairment 219 3.381 248 855 51M) 240 4.447 53 36.158 Support- Estdblishment. Light & heat 3,210 3,IKTr2 -1.210 Total governance costs 39.-368 34.337 Net ineomingl(outgoing) resources for the year 12,9201 7,920