RIVERCOURT INTERNATIONAL CHURCH (RIC)
Charity number 1117622
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st March 2025
STAN KELLY & CO Suite 2, Wenta Business Centre 1 Electric Avenue Enfield EN3 7XU
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
~~ee~~ Section A Independent Examiner’s Report
Report to the trustees/members of
RIVERCOURT INTERNATIONAL CHURCH (RIC)
On accounts for the year ended
31st March 2025 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 2025
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:
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Dr E Oloke Date: 23/01/2026
Dr Emmanuel Oloke, FCCA
The Association of Chartered Certified Accountants (ACCA)
Stan Kelly & Co
Suite 2, Wenta Business Centre
Enfield EN3 7XU
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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 2025
| Notes Incoming Resources Tithes and Offerings Donations Hall Hire Sale of books 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 2024 Fund Balance Carried Forward at 31st March 2025 |
Unrestricted Fund £ 89,675 - - - - 89,675 77,228 20,116 97,344 7,669 - 7,658 - 15,327 - |
Restricted Fund £ - - - - - - - - - - - - |
Total 2025 £ 89,675 - - - - 89,675 77,228 20,116 97,344 7,669 - 7,658 - 15,327 - |
Total 2024 £ 58,330 740 120 - - 59,190 49,805 19,043 68,848 9,658 - 2,000 7,658 - |
|---|---|---|---|---|
3
~~StanKelly~~
Charity number 1117622
RIVERCOURT INTERNATIONAL CHURCH (RIC)
BALANCE SHEET as at 31st March 2025
| 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 |
2025 £ 31 31 1,377 1,377 516 861 16,219 - 15,327 - 15,327 - 15,327 - |
2024 £ 5,507 5,507 1,089 1,089 360 729 62,123 - 55,886 - 55,886 - 55,886 - |
|---|---|---|
The financial statements were approved by the trustees on 23/01/2026 and signed on its behalf by:
…………………………………………………
Andrew E. Thompson
The notes on page 5 form part of these financial statements.
4
~~StanKelly~~
Charity number 1117622
RIVERCOURT INTERNATIONAL CHURCH (RIC)
Year ended 31st March 2025
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
| xed Assets | ||||
|---|---|---|---|---|
| Musical | Computer and | Fixtures | ||
| Instruments | Media Equipment | and Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 April 2024 | 10,351 | 14,925 | 15,643 | 40,919 |
| Additions | - | - | - | - |
| At 31 March 2025 | 10,351 | 14,925 | 15,643 | 40,919 |
| Depreciation | ||||
| At 1 April 2024 | 8,281 | 14,615 | 12,515 | 35,410 |
| Disposal | - | - | ||
| Charge for the year | 2,060 | 300 | 3,118 | 5,478 |
| At 31 March 2025 | 10,341 | 14,915 | 15,633 | 40,888 |
| Net book value as at 31st March 2025 | 10 | 10 | 10 | 31 |
| NBV At 1 April 2024 | 6,210 | 5,405 | 9,386 | 21,002 |
| k and cash balance | ||||
| Cash and Bank balance | 1,377 | |||
| 1,377 | ||||
| itors: Amounts falling due within 1 year | ||||
| Accruals and deferred income | 360 | |||
| Social security | 156 | |||
| 516 | ||||
| itors: Amounts falling due after more than one year | ||||
| Bounce Back Loan | 7,482 | |||
| Other creditors | 8,737 | |||
| 16,219 |
3. Bank and cash balance
4. Creditors: Amounts falling due within 1 year
5. Creditors: Amounts falling due after more than one year
5
~~StanKelly~~
1117622
RIVERCOURT INTERNATIONAL CHURCH (RIC)
Year Ended 31st March 2025
Supplementary Information
Incoming Resources
| Tithes and Offerings Donations Others £ £ £ Tithes and Offerings 89,675 Donations - Hall Hire - Sale of books - Other Income - Total 89,675 - - |
2025 Total £ 89,675 - - - - 89,675 |
2024 Total £ 67,385 470 350 295 - 68,500 |
|---|---|---|
6
~~StanKelly~~
Charity number 1117622
RIVERCOURT INTERNATIONAL CHURCH (RIC) Year Ended 31st March 2025
Supplementary Information
Resources Expended
| Direct charity expenditure Management & Admin. £ £ Honorarium 1,900 Pastoral care and welfare 4,190 Church outreach and events 12,552 Rent 31,800 Hall hire 6,590 Books and publications - Wages and salary 10,917 Donations - Equipment and technology 4,182 Branch activities 2,484 Employers NI 1,871 Administrative costs 741 Travel expenses 2,032 Telephone and internet 1,378 Media and software 6,326 Print, post and stationery 503 Advertising and promotional materials 1,007 Health and safety - Bank charges 1,349 Professional fees 360 Bookkeeping fees 440 Licences and insurance 983 Depreciation 5,478 Subscriptions - Repairs and maintenance 260 TOTAL 77,228 20,116 |
2025 Total £ 1,900 4,190 12,552 31,800 6,590 - 10,917 - 4,182 2,484 1,871 741 2,032 1,378 6,326 503 1,007 - 1,349 360 440 983 5,478 - 260 97,344 |
2024 Total £ 9,700 4,070 11,096 32,227 2,210 2,440 9,776 300 200 1,578 512 741 2,583 2,719 - - 160 540 1,565 - 258 - 7,747 108 1,140 90,930 |
|---|---|---|
7
~~StanKelly~~
RIVERCOURT INTERNATIONAL CHURCH (RIC)
Charity number 1117622
Year Ended 31st March 2025
| 2 Tangible fixed assets Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Disposal Charge for the year At 31 March 2025 Net book value as at 31st March 2025 |
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 8,281 14,615 12,515 35,411 - 2,060 300 3,118 5,478 10,341 14,915 15,633 40,889 10 10 10 30 |
|---|---|
3 Cash at Bank Bakance Treasurer's Bank Account 1,376 Building Fund Account 0 1,377