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2021-03-31-accounts

RIVERCOURT INTERNATIONAL CHURCH (RIC)

Charity number 1117622

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st March 2021

STAN KELLY & CO Claverings Business Park 14 Centre Way London N9 0AH

RIVERCOURT INTERNATIONAL CHURCH (RIC)

Charity number

Contents Page
Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes on the Accounts 5
Supplementary Information- Incoming Resources 6
Supplementary Information- Resources Expended 7

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/members of

RIVERCOURT INTERNATIONAL CHURCH (RIC)

On accounts for the year ended

31st March 2021 Charity no 1117622

Set out on pages

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended

31st March 2021

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

~~[The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of [insert name of applicable listed body]].~~ ~~Delete [ ]~~ ~~if not applicable.~~

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

Independent examiner's statement

 the accounts did 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.

I 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.

Signed:

Name:

Relevant professional qualification(s) or body (if any):

Address:

24/02/2022
Emmanuel Oloke,FCCA
The Association of Chartered Certified Accountants (ACCA)
Stan Kelly& Co
14 Centre Way
London N9 0AH

Section B Disclosure

Give here brief details of any items that the examiner wishes to disclose.

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC)

STATEMENT OF FINANCIAL ACTIVITIES

Year Ended 31st March 2021

Notes
Incoming Resources
Tithes and Offerings
Building Fund
Donations/Pledges
Bounce Back Loan
Others
Total Incoming Resources
Resources Expended
Direct Charitable Expenditure
Management and Adminstration
of the charity
Total Resources Expended
Net Incoming Resources for the
Year and net movements in Funds
Fund balance brought forward
at 31st March 2020
Fund Balance Carried Forward
at 31st March 2021		 Unrestricted
Fund
£
64,480
15,360
650
11,000
0
91,490
46,469
19,490
65,959
25,531
23,531
-
2,000		 Restricted
Fund
£
-
-
-
-
-
-
-
-
-
-
-		 Total
2021
£
64,480
15,360
650
11,000
0
91,490
46,469
19,490
65,959
25,531
23,531
-
2,000		 Total
2020
£
31,930
11,782
200
-
2
43,914
34,364
7,693
42,056
1,857
25,388
-
23,531
-

3

~~StanKelly~~

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC)

BALANCE SHEET as at 31st March 2021

Note
Fixed Assets
2
Current assets
Debtors
Cash at bank and in hand
3
Creditors: Amounts falling due
within one year
4
Net Current Assets
Creditors: Amounts falling due
after more than one year
Total Net Assets
The Funds of the Charity
Unrestricted:
Designated funds
General funds		 2021
£
26,806
26,806
2,432
2,432
360
2,072
26,878
-
2,000
2,000
2,000		 2020
£
1,365
1,365
68
68
360
292
-
24,604
-
23,531
-
23,531
-
23,531
-

The financial statements were approved by the trustees on 24/02/2022 and signed on its behalf by:

…………………………………………………

Christiana A. Bruce

The notes on page 5 form part of these financial statements.

4

~~StanKelly~~

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC)

Year ended 31st March 2021

Notes on the Accounts

1. Accounting Policies

a. The financial statements have been prepared under the historical cost convention and applicable accounting standards and in accordance with Statement of Recommended Practice - Accounting by Charities.

b. Depreciation is calculated to write off the costs of fixed assets over their useful lives at the following rates: Musical instrument 25% Furniture 20%

c. Incoming resources

All incoming resources are included on the statement of financial activities when the charity is legally entitled to the income.

2. Fixed Assets

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value 31st March 2021
NBV as at 1 April 2020		 Musical
Computer and
Fixtures
Instruments
Media Equipment
and Fittings
Total
£
£
£
£
1,953
4,772
-
6,725
10,351
10,153
15,643
36,147
1,953
-
-
-
1,953
-
10,351
-
14,925
-
15,643
-
40,919
1,943
3,417
-
5,360
2,070
3,554
3,129
8,753
4,014
-
6,971
-
3,129
-
14,113
6,338
7,953
12,514
26,806
10
1,355
-
1,365

3. Bank and cash balance

Cash and Bank balance

2432

4. Creditors: Amounts falling due within 1 year

Accruals and deferred income 360

5

~~StanKelly~~

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC) Year Ended 31st March 2021

Supplementary Information

Incoming Resources

Tithes and Offerings
Building Fund
Donations/Pledges
Others
£
£
£
Tithes and Offerings
64480
Building Fund
15360
Donations/Pledges
650
Bounce Back Loan
11000
Others
0
Total
64,480
-
15,360
-
650
-
11,000		 2021
Total
£
64,480
15,360
650
11,000
0
91,490		 2020
Total
£
43,712
200
2
43,914

6

~~StanKelly~~

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC) Year Ended 31st March 2021

Supplementary Information

Resources Expended

Direct charity expenditure
Management & Admin.
£
£
Honorarium
3,460
Pastoral care & welfare
1,891
Church outreach & Events
2,827
Rent
27,750
Books and media production
3,613
Donations
765
Branch activities
2,277
Light and heat
2,820
Commission payable
612
Administrative costs
455
Travel expenses
1,968
Telephone
2,315
Internet and computing
1,225
Print, post and stationery
240
Adverrtising and promotional materials
2,119
Health and safety
142
Bank charges
120
Professional fees
360
Licences and insurance
467
Depreciation
8,753
Subscriptions
130
Repairs and maintenance
1,650
TOTAL
46,469
19,490		 2021
Total
£
3,460
1,891
2,827
27,750
3,613
765
2,277
2,820
612
455
1,968
2,315
1,225
240
2,119
142
120
360
467
8,753
130
1,650
65,959		 2020
Total
£
4,287
1,967
5,046
20,107
1,484
15
1,111
-
346
127
1,379
1,250
1,206
478
945
40
173
360
477
1,257
-
-
42,056

7

~~StanKelly~~

RIVERCOURT INTERNATIONAL CHURCH (RIC) Year Ended 31st March 2021

Charity number 1117622

Tangible fixed assets

2
Tangible fixed assets
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value as at
31st March 2021		 Musical
Computer and
Fixtures
Instruments
Media Equipment
and Fittings
Total
£
£
£
£
1,953
4,772
-
6,725
10,351
10,153
15,643
36,147
1,953
-
-
-
1,953
-
10,351
14,925
15,643
40,919
1,943
3,417
-
5,360
2,070
3,554
3,129
8,753
4,014
6,971
3,129
14,113
6,338
7,953
12,514
26,806

3 Cash at Bank Bakance Treasurer's Bank Account 2,432 - Building Fund Account

2,432