2023-03-31-accounts - Rivercourt International Church (Ric).

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

RIVERCOURT INTERNATIONAL CHURCH (RIC)

Charity number 1117622

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st March 2023

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 2023 Charity no
31st March 2023	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 2023

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:

	01/03/2024

Dr Emmanuel Oloke,FCCA

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

Address:

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 2023

Notes Incoming Resources Tithes and Offerings Donations Hall Hire Loan Other Income 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 2023 Fund Balance Carried Forward at 31st March 2022	Unrestricted Fund £ 59,404 5,895 1,195 2,000 480 68,974 76,271 18,501 94,772 25,799 - 7,658 - 33,457 -	Restricted Fund £ - - - - - - - - - - - -	Total 2023 £ 59,404 5,895 1,195 2,000 480 68,974 76,271 18,501 94,772 25,799 - 7,658 - 33,457 -	Total 2022 £ 58,330 740 120 - -
				59,190
				49,805 19,043
				68,848
				9,658 - 2,000
				7,658 -

~~StanKelly~~

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC)

BALANCE SHEET as at 31st March 2023

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	2023 £ 13,255 13,255 118 118 360 242 - 46,471 - 33,457 - 33,457 - 33,457 -	2022 £ 21,002
		21,002
		1
		1
		360
		359 -
		28,301 -
		7,658 -
		7,658 -
		7,658 -

The financial statements were approved by the trustees on 01/03/2024 and signed on its behalf by:

…………………………………………………

Christiana A. Bruce

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

~~StanKelly~~

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC)

Year ended 31st March 2023

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 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Disposal Charge for the year At 31 March 2023 Net book value as at 31st March 2023 NBV as at 1 April 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
	4,141 9,519 6,257 19,917 - - 2,070 2,548 3,129 7,747
	6,211 12,067 9,386 27,664
	4,140 2,857 6,257 13,255
	6,210 5,405 9,386 21,002

3. Bank and cash balance

Cash and Bank balance 4. Creditors: Amounts falling due within 1 year Accruals and deferred income Social security 5. Creditors: Amounts falling due after more than one year Bounce Back Loan Other creditors	118
	118
	360 -
	360
	8,793
	8,793

~~StanKelly~~

1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC)

Year Ended 31st March 2023

Supplementary Information

Incoming Resources

Tithes and Offerings Donations Others £ £ £ Tithes and Offerings 59404 Donations 5895 Hall Hire 1195 Loan 2000 Other Income 480 Total 59,404 5,895 3,675	2023 Total £ 59,404 5,895 1,195 2,000 480 68,974	2022 Total £ 58,330 740 120 - -
		59,190

~~StanKelly~~

Charity number 1117622

RIVERCOURT INTERNATIONAL CHURCH (RIC) Year Ended 31st March 2023

Supplementary Information

Resources Expended

Direct charity expenditure Management & Admin. £ £ Honorarium 4,755 Pastoral care and welfare 4,010 Church outreach and events 7,279 Rent 32,550 Hall hire 1,800 Books and media production 4,781 Wages and salary 12,575 Donations 691 Instruments and media equipment 6,064 Branch activities 902 Employers NI 863 Administrative costs - Travel expenses 4,296 Telephone 396 Internet and computing 906 Print, post and stationery 491 Advertising and promotional materials 470 Health and safety 694 Bank charges 80 Professional fees 360 Bookkeeping fees 632 Licences and insurance 299 Depreciation 7,747 Subscriptions 150 Repairs and maintenance 1,982 TOTAL 76,271 18,501	2023 Total £ 4,755 4,010 7,279 32,550 1,800 4,781 12,575 691 6,064 902 863 - 4,296 396 906 491 470 694 80 360 632 299 7,747 150 1,982 94,772	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

~~StanKelly~~

RIVERCOURT INTERNATIONAL CHURCH (RIC) Year Ended 31st March 2023

Charity number 1117622

2 Tangible fixed assets Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Disposal Charge for the year At 31 March 2023 Net book value as at 31st March 2023 3 Cash at Bank Bakance Treasurer's Bank Account Building Fund Account	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
	4,141 9,519 6,257 19,917 - 2,070 2,548 3,129 7,747
	6,211 12,067 9,386 27,664
	4,140 2,857 6,257 13,255
	118 0 118