RIVERCOURT INTERNATIONAL CHURCH (RIC)
Charity number 1117622
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st March 2022
STAN KELLY & CO Claverings Business Park 14 Centre Way London N9 0AH
RIVERCOURT INTERNATIONAL CHURCH (RIC)
Charity number 1117622
| 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
On accounts for the year ended
| RIVERCOURT INTERNATIONAL CHURCH (RIC) | |
| 31st March 2022 Charity no |
|
| 31st March 2022 | 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 2022
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:
-
the accounting records were not kept in accordance with
-
section 130 of the Charities Act; or
Independent examiner's statement
-
the accounts did not accord with the accounting records;
-
or
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.
- Please delete the words in the brackets if they do not apply.
Signed:
Name:
Relevant professional qualification(s) or body (if any):
Address:
| 02/02/2023 | |
|---|---|
| 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 2022
| Notes Incoming Resources Tithes and Offerings Building Fund Donations/Pledges Rental Income 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 £ 58,330 - 740 120 - - 59,190 49,805 19,043 68,848 9,658 - 2,000 7,658 - |
Restricted Fund £ - - - - - - - - - - - - - |
Total 2022 £ 58,330 - 740 120 - - 59,190 49,805 19,043 68,848 9,658 - 2,000 7,658 - |
Total 2021 £ 64,480 15,360 650 - 11,000 0 |
|---|---|---|---|---|
| 91,490 | ||||
| 46,469 19,490 |
||||
| 65,959 | ||||
| 25,531 23,531 - |
||||
| 2,000 |
3
~~StanKelly~~
Charity number 1117622
RIVERCOURT INTERNATIONAL CHURCH (RIC)
BALANCE SHEET as at 31st March 2022
| 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 |
2022 £ 21,002 21,002 1 1 360 359 - 28,301 - 7,658 - 7,658 - 7,658 - |
2021 £ 26,806 |
|---|---|---|
| 26,806 | ||
| 2,432 | ||
| 2,432 | ||
| 360 | ||
| 2,072 | ||
| 26,878 - |
||
| 2,000 | ||
| 2,000 | ||
| 2,000 |
The financial statements were approved by the trustees on 02/02/2023 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 2022
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: | b. Depreciation is calculated to write off the costs of fixed assets over their useful lives at the following rates: |
|---|---|
| Musical instruments | 20% |
| Computer and media equipment | 25% |
| Fixtures and fittings | 20% |
c. Incoming resources
All incoming resources are included on the statement of financial activities when the charity is legally entitled to the income.
- d. 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.
2. Fixed Assets
| Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Disposal Charge for the year At 31 March 2022 Net book value as at 31st March 2022 NBV as at 1 April 2021 |
Musical Computer and Fixtures Instruments Media Equipment and Fittings Total £ £ £ £ 10,351 14,925 15,643 40,919 - - - - |
|---|---|
| 10,351 14,925 15,643 40,919 |
|
| 4,014 6,971 3,129 14,113 1,943 - 1,943 - 2,070 2,548 3,129 7,747 |
|
| 4,141 9,519 6,257 19,917 |
|
| 6,210 5,405 9,386 21,002 |
|
| 6,338 7,953 12,514 26,806 |
3. Bank and cash balance
| Cash and Bank balance : Amounts falling due within 1 year Accruals and deferred income : Amounts falling due after more than one year Bounce Back Loan Other creditors |
1 |
|---|---|
| 1 | |
| 360 | |
| 360 | |
| 10,010 18,291 |
|
| 28,301 |
4. Creditors: Amounts falling due within 1 year
5. Creditors: Amounts falling due after more than one year
5
~~StanKelly~~
Charity number 1117622
RIVERCOURT INTERNATIONAL CHURCH (RIC)
Year Ended 31st March 2022
Supplementary Information
Incoming Resources
| Tithes and Offerings Building Fund Donations/Pledges Others £ £ £ Tithes and Offerings 58330 Building Fund 0 Donations/Pledges 740 Rental Income 120 Bounce Back Loan - Others - Total 58,330 - - - 740 - 120 |
2022 Total £ 58,330 - 740 120 - - 59,190 |
2021 Total £ 64,480 15,360 650 - 11,000 0 |
|---|---|---|
| 91,490 |
6
~~StanKelly~~
Charity number 1117622
RIVERCOURT INTERNATIONAL CHURCH (RIC) Year Ended 31st March 2022
Supplementary Information
Resources Expended
| Direct charity expenditure Management & Admin. £ £ Honorarium 7,041 Pastoral care and welfare 26 Church outreach and events 3,443 Rent 28,204 Books and media production 1,024 Pastor's stipend 4,500 Donations 155 Instruments and media equipment 4,954 Branch activities 195 Light and heat - Commission payable - Administrative costs 263 Travel expenses 1,395 Telephone 840 Internet and computing 4,230 Print, post and stationery 7 Advertising and promotional materials 1,072 Health and safety 135 Bank charges 90 Professional fees 360 Bookkeeping fees 705 Licences and insurance 515 Depreciation 7,747 Subscriptions 121 Repairs and maintenance 1,827 TOTAL 49,805 19,043 |
2022 Total £ 7,041 26 3,443 28,204 1,024 - 155 4,954 195 - - 263 1,395 840 4,230 7 1,072 135 90 360 705 515 7,747 121 1,827 64,348 |
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 |
7
~~StanKelly~~
Charity number 1117622
Year Ended 31st March 2022
RIVERCOURT INTERNATIONAL CHURCH (RIC)
| 2 Tangible fixed assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Disposal Charge for the year At 31 March 2022 Net book value as at 31st March 2022 |
Musical Computer and Fixtures Instruments Media Equipment and Fittings Total £ £ £ £ 10,351 14,925 15,643 40,919 - |
|---|---|
| 10,351 14,925 15,643 40,919 |
|
| 4,014 6,971 3,129 14,113 1,943 - 1,943 - 2,070 2,548 3,129 7,747 |
|
| 4,141 9,519 6,257 19,917 |
|
| 6,210 5,405 9,386 21,002 |
3 Cash at Bank Bakance
Treasurer's Bank Account 1 - Building Fund Account 1