**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:**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**