ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
CHARITY REGISTRATION No: 1120790 COMPANY REGISTRATION No: 06266029
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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| REVELATION CHURCH - LONDON | |
|---|---|
| (A COMPANY LIMITED BY GUARANTEE) | |
| CONTENTS | |
| Page 3 | Legal & Administrative Information |
| Pages 4 to 7 | Directors' Annual Report |
| Page 8 | Statement of Financial Activities |
| Page 9 | Balance Sheet |
| Pages 10 to 21 | Notes to the Financial Statements |
| Page 22 | Statement of Cashflows |
| Page 23 | Independent Examiner's Report |
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REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1120790 COMPANY REGISTRATION NUMBER 06266029 DATE OF INCORPORATION 1st June 2007 START OF FINANCIAL YEAR 1st April 2024 END OF FINANCIAL YEAR 31st March 2025 DIRECTORS THAT SERVED DURING Simon Carey (appointed 21 January 2025) THE YEAR TO 31ST MARCH 2025 Douglas Hogg (resigned 27 October 2024) (ALSO TRUSTEES UNDER CHARITY LAW) Brook Hewett (appointed 21 January 2025) Rebecca Jackson (appointed 21 January 2025) Malcolm Kyte Jane Oluwatobi Oluwatosin Adu Jai Padam (appointed 21 January 2025) Nicola Vimalanathan (resigned 15th May 2019) Rose Wright (appointed 15th May 2019; resigned 1st December 2019) GOVERNING DOCUMENT Memorandum and Articles of Association Dated 1st June 2007 OBJECTS 1 . The advancement of the Christian faith worldwide; and 2 . The furtherance of the charitable work of the charity by the advancement of such other charitable purposes as the trustees shall from time to time decide. REGISTERED ADDRESS Revelation Church The Busworks, 39-41 North Road, London, N7 9DP BANKERS HSBC Plc. 176 Camden High Street, London, NW1 8QL SAFEGUARDING PARTNER thirtyone:eight PO Box 133, Swanley, Kent, BR8 7UQ INSURANCE Policy Number: CHF 2196290 Ansvar Insurance, Ansvar House, St Leonards Road, Eastbourne, East Sussex, BN21 3UR TRUST ADVICE MEMBERSHIP Trust Advice, Unit 2, The Broadbridge Business Centre, Delling Lane, Bosham, West Sussex, PO18 8NF MEMBER OF THE EVANGELICAL ALLIANCE Membership number: 221868 WEBSITE www.revelationchurch.org.uk INDEPENDENT EXAMINER Independent Examiners Ltd Unit 2 The Broadbridge Business Centre, Delling Lane Bosham, West Sussex, PO18 8NF
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
The Trustees are pleased to present the Annual Report for the financial year ending 31st March 2025.
Charitable Activity
The charity has continued to have a strong, positive impact on its members and the wider community over the past year, including through the activities outlined below. The work of the charity has been broad, including the running of two church congregations, training programmes, a foodbank, and a debt centre, and supporting Christian ministry across London, the UK and overseas. The staff and volunteers work hard to administer these activities and should be commended for all their efforts throughout the year.
Our heart for Christian ministry in London means we are often serving a younger demographic with a higher turnover amongst us as members, as well as facing higher living and operational costs This continues to place financial pressure on the charity. Through generous donations, various operational decisions and careful budgeting, planning and monitoring, the charity has ended the year in a stronger financial position, but both income and expenditure remain under careful review.
Sunday Services
Revelation Church has continued to gather in King’s Cross for weekly Sunday services, supported by around 85 adult volunteers, offering an open public forum for worship, teaching, and community. Attendance and membership remained broadly stable with 140 adults recorded in the church database at year-end, although this headline figure masks an ongoing dynamic of regular joiners and leavers. These and many others have benefited from the church’s online presence as well, actively engaging with regular videos, podcasts and emails. Children’s work continued to be vibrant, with many children and teenagers taking part in lessons and activities on Sunday mornings and beyond.
This has also been the first full year of services at the charity’s second congregation, Hope Church Tottenham, which began running monthly public Sunday services in March 2024. Hope Church’s activities have increased over the year, and Sunday services now run fortnightly.
Other Church Activities
The good news of the gospel continues to be central to the activities of the charity, and a number of people were baptised across both congregations in November and April.
The church’s midweek life continues to be shaped by Gospel Communities (GCs), small groups that meet regularly for discipleship, prayer, and mission. 11 GCs were active during the year, involving over 80% of the adult congregation. Weekly Tuesday morning prayer meetings moved online mid-year and have since seen a 60% increase in attendance.
The church also hosted and joined a number of other regular and one-off events, including topical training and equipping workshops, worship and testimony evenings, leaders away-days and the new More Together festival with other churches in the wider Relational Mission family, and the London Calling prayer evenings (more on this below).
The youth ministry grew over the year, and 14 of the church’s young people enjoyed a week away together at the Newday festival in August. The student ministry broadened to encapsulate the 18-25 demographic, with the age group now meeting regularly for worship, study and social events in addition to the wider church activities.
Community Initiatives
Revelation Church continued to operate a number of community-facing initiatives - in particular through the Kentish Town Foodbank and Christians Against Poverty (CAP) Camden Debt Centre. Staff and volunteers from the church and local community continue to underpin these essential services.
The Foodbank fulfilled 1,947 food vouchers during the year, serving over 5,300 individuals with more than 35,000 kilograms of food. This marks a 25% increase in demand and included the milestone of issuing of the 10,000th voucher since opening in 2012.
The Debt Centre supported 31 new clients, with six becoming entirely debt-free during the year. Since launch, the centre has helped 91 individuals clear over £1.12 million in unmanageable debt. A fundraising cycle ride from London to Paris in November raised £9,000 to support the centre’s ongoing work, and securing funding sources remains a focus for the year ahead.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025
Relational Mission / Church Plants
As part of the wider Relational Mission family of churches, Revelation Church serves as a hub for leadership development and apostolic support. Four training programmes - LEAD, Intentional Discipleship (ID), Shepherd, and Urban Planting - were hosted and administered through the charity this year to 195 students; the highest enrolment figure to date. ID mission trips took place in Sweden, the Philippines and Egypt.
The charity also supported the apostolic mission work of Stef Liston, an apostolic elder who supports the local work of the charity and also the wider family of churches, church plants and missionaries it belongs to. Alongside a busy schedule of leading, preaching, teaching and book writing, Stef was also able to take a well-deserved sabbatical during the year.
The monthly London Calling prayer meetings continued to be a major point of focus, with members of both congregations gathering alongside The Church in Basset Street to pray for London. These times will continue to help to shape the future growth of the church and its charitable work into new areas of London.
Structure, Governance and Management
The trustees and church elders operate in a consultative way when it comes to major strategic decisions. The elders’ main responsibility is for the spiritual and pastoral oversight of the church, while the trustees focus on compliance with current legislation, policies, financial oversight, recruitment and safeguarding. In October this year Brook Hewett was appointed as a third elder, alongside Stef Liston and Rich Young, and in January four new trustees were appointed and two resigned - bringing the total complement to seven.
The elders and trustees are supported by a wider pool of leaders, including exploring elders, deacons, exploring deacons, GC leaders and others who lead in key areas of church life. Some of these leaders are also part of the charity’s staff team.
Day-to-day decision making in the various activities of the church is generally delegated to the relevant leaders, unless there are decisions to be made about recruitment, budgets or broader strategy. Revelation Church staff members make decisions about their own areas as appropriate, within the parameters of the agreed budgets for each department.
Trustees are responsible for setting salary levels with reference to salary levels in similar churches or charities. These decisions are always made by volunteer trustees alone, on an annual basis as a minimum. All new trustees complete an enhanced DBS that is renewed on an ongoing basis in line with the charity’s safeguarding policy, and attend relevant training provided by Trust Advice.
Operational management is delegated to Andy Crawley, the Strategy & Operations Manager, who oversees the staff team of 18 employees and 3 contractors. Many of the staff are based at the church offices at the Busworks in Islington, the lease for which has been extended until 2027. Various staffing changes took place during the year, including the appointment of a Foodbank Administrator into a new 12-month role.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025
Finances
A focused effort to tighten expenditure, promote giving and identify additional sources of funding over the past couple of years has led to an increase in income and a reduction in expenditures, bringing the charity’s finances as a whole into a much healthier position than it has been in recent years.
For the charity as a whole, unrestricted general cash reserves (covering both Rev Central and RM Training accounts) at the end of the year were £254,025 (plus £449,667 restricted cash reserves). All accounts and ministries within Revelation Church London met or exceeded their reserves target at the end of the financial year. Total unrestricted income for the year was £468,939 (plus £339,731 restricted) with unrestricted expenses of £420,824 (plus £302,796 restricted).
For the most part the distinct areas of the charity operate with a degree of financial independence, and within the strong overall position there remain some more challenging areas for the year ahead. Notably, forecast incomes for the Foodbank, Relational Mission Base, CAP and Hope Church either fall somewhat short of anticipated expenses or carry a higher degree of uncertainty. The operations team and trustees are monitoring this closely and actions are underway to reconcile this, ahead of a more formal review in September.
In addition, a special offering was taken up in November to support Hafenkirche Frankfurt and Revelation Church central, raising a total of £13,654 and demonstrating the continued generosity of the church community.
Looking Ahead
The charity will continue to press on with its objective of advancing the Christian faith worldwide, including the activities outlined above. In addition to this, our plans for the coming year also include:
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Prioritising teaching, equipping and encouragement of evangelism, hospitality and pastoral care at Revelation Church as we anticipate a growth in new Christians and church members amongst us.
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∙ Establishing a programme for mid-week training tracks that equip members in particular areas of their Christian faith.
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Continuing to prioritise London Calling prayer nights and mission, reviewing and updating the strategy and focus with a view to new locations in North Central London where we might establish new church plants.
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Continuing to invest in and develop leaders, including appointing new elders and deacons where appropriate.
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Increasing the frequency of Sunday services in Tottenham.
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∙ Continuing to strengthen the charity’s finances.
The trustees would like to express their gratitude to the staff, volunteers and donors who have supported the work and mission of the charity this year.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025
Statement of Directors' Responsibilities:
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each and of the surplus orfinancial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year ,deficit of the charity. In preparing those financial statements the Board is required to :-
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a) select suitable accounting policies and then apply them consistently;
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b) make judgements and estimates that are reasonable and prudent;
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c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
d) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactiqns and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are also responsible for the contents of the Directors' report, and the responsibility of the independent examiner in relation to the Directors' report is limited to examining the report and ensuring that on the face of the report there are no inconsistencies with the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
I approve the attached statement of financial activities and balance sheet for the year ended 31st March 2025 and confirm that I have made available all information necessary for its preparation.
Approved by the Directors on the: 4 August 2025
s;gaed oa thek behalf by, #
Printed Name: J PADAM, DIRECTOR
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REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations & Legacies 2a Investment Income 2b Charitable Activities 2c Donated Goods 17 TOTAL INCOME EXPENDITURE ON: Charitable Activities 3a Governance Costs 3b Donated Goods 17 TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Transfer Between Funds 4 OTHER RECOGNISED GAINS/(LOSSES) Gains and losses on revaluation of stocks 17 held for distribution to beneficiaries Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024/25 2023/24 £ £ £ £ 277,833 247,584 525,417 468,563 588 8,693 9,281 7,839 190,518 14,117 204,635 179,826 - 69,337 69,337 44,039 468,939 339,731 808,670 700,267 418,844 231,172 650,016 690,940 1,980 - 1,980 1,920 - 71,624 71,624 54,273 420,824 302,796 723,620 747,133 48,115 36,935 85,050 (46,866) 4,284 (4,284) - - - 302 302 3,695 207,827 424,462 632,289 675,460 260,226 457,415 717,641 632,289 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 10 to 21 form part of these financial statements.
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REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AS AT 31ST MARCH 2025
| Company number: 06266029 | Company number: 06266029 | Company number: 06266029 | |||
|---|---|---|---|---|---|
| Un restricted | Restricted | Total | Total | ||
| Funds | Funds | 31-Mar-25 31-Mar-24 | 31-Mar-25 31-Mar-24 | ||
| Note | £ | £ | £ | £ | |
| Current Assets | |||||
| Cash at Bank and in Hand | 6 | 254,025 | 449,667 | 703,692 | 612,672 |
| Debtors & Prepayments | 7 | 14,662 | 5,656 | 20,318 | 29,414 |
| Stock | 17 | 2,092 | 2,092 | 4,077 | |
| Total Current Assets | 268,687 | 457,415 | 726,102 | 646,163 | |
| Creditors: Amounts Due within One Year | 8 | 8,461 | 8,461 | 13,874 | |
| NET CURRENT ASSETS | 260,226 | 457,415 | 717,641 | 632,289 | |
| TOTAL ASSETS less current liabilities | 260,226 | 457,415 | 717,641 | 632,289 | |
| Long Term Liabilities | 9 | ||||
| NET ASSETS | 260,226 | 457,415 | 717,641 | 632,289 | |
| Funds of the Charity | |||||
| General Unrestricted Funds | 10 | 87,020 | 87,020 | 69,916 | |
| General Designated Funds | 5,10 | 173,206 | 173,206 | 137,911 | |
| Restricted Funds | 4,10 | 457,415 | 457,415 | 424,462 | |
| Total Funds | 260,226 | 457,415 | 717,641 | 632,289 |
Directors' Responsibilities
For the financial year ended 31st March 2025, the company was entitled to exemption under 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year ended 31st March 2025 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the p financial statements.
App,oved by the mnacto,s on 4 August 2025
Printed Name: J PADAM, DIRECTOR
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
The functional currency of the charity is sterling (£).
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The charity has opted to prepare its accounts using natural categories.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
Material prior period errors
No material prior year errors have been identified in the reporting period.
INCOME
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the income;
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it is more likely than not that the trustees will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
Tax Reclaims on Donations and Gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
Contractual Income and Performance Related Grants
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
Gifts in Kind
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
Government Grants
The charity has received government grants totalling £4,007 in the reporting period.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
Investment Income
This is included in the accounts when receivable.
Donated goods
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
EXPENDITURE
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and Support Costs
Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.
Employee benefits
Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (Continued)
ASSETS AND LIABILITIES
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
Legal Status of the Charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
There has been no change to the accounting policies (Valuation rules and methods of accounting) since last year.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
2. INCOME AND ENDOWMENTS
| Note a) Donations & Legacies Gifts, Donations & Offerings Gift Aid Tax Recoverable Grants Grants from Government b) Investment Income Bank Interest c) Charitable Activities Event Income Training Income Sale of Books & Equipment Sundry & Other Income |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024/25 2023/24 £ £ £ £ 229,301 177,876 407,177 375,718 48,532 7,039 55,571 55,811 - 58,662 58,662 37,034 - 4,007 4,007 - 277,833 247,584 525,417 468,563 588 8,693 9,281 7,839 588 8,693 9,281 7,839 2,945 10,433 13,378 5,103 186,573 - 186,573 172,723 - 3,684 3,684 2,000 1,000 - 1,000 - 190,518 14,117 204,635 179,826 |
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REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
3. EXPENDITURE
| a) Charitable Activities Note Bank Charges Christians Against Poverty (CAP) Debt Centre Church Courses Church House Conferences DBS & Safeguarding Events Foodbank Gifts & Donations Insurance Kids & Youth Legal & Professional Fees Music & Media Office Equipment & IT Office Hire Printing, Postage & Stationery Salaries & Wages 12 Staff & Leader Meetings Staff & Leader Training Student Subscriptions Sunday Services Sundry Expenses Training Course Costs Travel & Subsistence b) Governance Costs Independent Examiner's Fee |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024/25 2023/24 £ £ £ £ 173 258 431 271 - 8,656 8,656 18,826 84 - 84 917 10,765 23,685 34,450 32,500 1,207 3,709 4,916 2,641 831 - 831 875 1,399 5,029 6,428 9,665 - 46,544 46,544 53,210 31,420 21,205 52,625 85,598 931 823 1,754 1,688 9,145 - 9,145 12,678 1,772 - 1,772 1,769 914 - 914 1,665 3,717 554 4,271 4,423 17,567 - 17,567 20,173 327 138 465 561 227,622 108,120 335,742 323,166 2,125 629 2,754 4,375 466 400 866 2,062 178 - 178 196 906 906 736 50,736 1,533 52,269 63,559 7 - 7 - 56,528 371 56,899 34,821 24 9,518 9,542 14,565 418,844 231,172 650,016 690,940 1,980 - 1,980 1,920 1,980 - 1,980 1,920 |
|---|---|
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
4. RESTRICTED FUNDS
RESTRICTED FUNDS - CURRENT FINANCIAL YEAR
| Building Fund Church Plant Fund Foodbank Fund London Church Plant Fund Tottenham Church Plant Fund 2:45 Fund Base Fund Liverpool CAP Debt Centre Special Offering |
Balance Stock Balance 01-Apr-24 Revaluation Income Expenditure Transfers 31-Mar-25 £ £ £ £ £ £ 187,329 - 8,131 - 2 195,462 4,149 - 77 (2,257) - 1,969 127,368 302 148,858 (164,584) 96 112,040 7,091 - 136 - - 7,227 23,784 - 13,699 (11,045) (4,201) 22,237 2,547 - 49 - (1) 2,595 46,776 - 129,879 (86,603) (11,577) 78,475 15,189 - 4,020 (2,270) (1) 16,938 10,229 - 21,289 (29,210) 11,398 13,706 - - 13,593 (6,827) - 6,766 424,462 302 339,731 (302,796) (4,284) 457,415 |
|---|---|
The transfers between funds in 2024/25 represent:
| Restricted Building Fund Restricted Foodbank Fund Restricted Tottenham Restricted Tottenham Restricted 2:45 Fund Restricted Liverpool Fund Restricted CAP Debt Centre Fund Restricted Base Restricted Base Restricted CAP Debt Centre General General Fund |
£ £ - 2 Transfer from general funds - 96 Transfer from general funds - (1,800) £150 pcm giving to Rev Central - (1) Small roundings as pence not shown - (1) Small roundings as pence not shown (1) Small roundings as pence not shown (2) Small roundings as pence not shown - (17,195) Contribution to Apostolic Leader salary - 4,418 Transfer from general funds - 10,200 Monthly support from General Funds 4,284 - 4,284 (4,284) |
|---|---|
There were also transfers between individual Restricted Funds in 2024/25 representing:
| Restricted Tottenham Restricted Tottenham Restricted Base Restricted CAP Debt Centre |
(1,200) Gift to RM Base (1,200) Internal Gift Mercy Ministries 1,200 - Gift from Tottenham 1,200 - Internal Gift Mercy Ministries 2,400 (2,400) |
|---|---|
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
4. RESTRICTED FUNDS
RESTRICTED FUNDS - PREVIOUS FINANCIAL YEAR
| Building Fund Church Plant Fund Foodbank Fund London Church Plant Fund Tottenham Church Plant Fund 2:45 Fund Base Fund Liverpool CAP Debt Centre Special Offering |
Balance Stock Balance 01-Apr-23 Revaluation Income Expenditure Transfer 31-Mar-24 £ £ £ £ £ £ - 180,519 - 6,813 - (3) 187,329 6,376 - 95 (2,322) - 4,149 172,588 3,695 97,208 (146,245) 122 127,368 6,970 - 122 - (1) 7,091 26,479 - 13,752 (16,447) - 23,784 2,503 - 43 - 1 2,547 64,714 - 72,827 (90,749) (16) 46,776 11,915 - 4,147 (889) 16 15,189 14,177 - 27,411 (31,356) (3) 10,229 - - 33,934 (33,933) (1) 0 486,241 3,695 256,352 (321,941) 115 424,462 |
|---|---|
Restricted funds are represented by:
| Cash at bank and in hand Stock (donated goods) Assets (debtors) Liabilities (creditors) TOTAL |
31-Mar-25 31-Mar-24 £ £ 449,667 416,317 2,092 4,077 5,656 5,646 - (1,578) 457,415 424,462 |
|---|---|
5. DESIGNATED FUNDS
The Charity has internal ringfenced funds, which are considered to be a part of general funds and are used for internal reporting purposes only.
These funds are as follows:
The BACS Reserve fund.
This is an enforced account set out by HSBC where the Charity must hold a minimum of £30k in reserves. The money in this account is from general reserves, but it is temporarily ringfenced while the Charity holds a BACS payment facility. A registered charge is filed at Companies House entitling HSBC Bank Plc to security over cash deposits. The charge is dated 30th May 2021.
The RM Training Fund
This fund is used to manage and run the training courses. Any surplus of funds in this account is re-invested into growing and developing the RM Training courses further.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
5. DESIGNATED FUNDS
Movement on designated funds during this and the previous financial year were:
| DESIGNATED | FUNDS - CURRENT FINANCIAL YEAR | |
|---|---|---|
| BACS Reserve RM Training |
Balance 01-Apr-24 Adjustment £ £ 30,649 - 107,262 - |
Balance Income Expenditure Transfer 31-Mar-25 £ £ £ £ 588 - - 31,237 186,638 (152,921) 990 141,969 |
| 137,911 - |
187,226 (152,921) 990 173,206 |
|
| DESIGNATED | FUNDS - PREVIOUS FINANCIAL YEAR | |
| BACS Reserve RM Training |
Balance 01-Apr-23 Adjustment £ £ 30,122 - 69,488 - |
Balance Income Expenditure Transfer 31-Mar-24 £ £ £ £ 527 - - 30,649 161,783 (124,021) 12 107,262 |
| 99,610 - |
162,310 (124,021) 12 137,911 |
|
| Designated funds are represented Cash at bank and in hand |
by: 31-Mar-25 31-Mar-24 £ £ 173,206 137,911 |
|
| TOTAL | 173,206 137,911 |
6. CASH AT BANK AND IN HAND
| Cash at Bank and in Hand | Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Mar-24 £ £ £ £ 254,025 449,667 703,692 612,672 254,025 449,667 703,692 612,672 |
|---|---|
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REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
7. DEBTORS AND PREPAYMENTS
| Gift Aid Tax Recoverable Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Mar-24 £ £ £ £ 4,087 879 4,966 4,311 10,575 4,777 15,352 25,103 14,662 5,656 20,318 29,414 |
|---|---|
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee Payroll and Pension Costs Sundry Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Mar-24 £ £ £ £ 1,980 - 1,980 1,920 4,033 - 4,033 3,870 2,448 - 2,448 8,084 8,461 - 8,461 13,874 |
|---|---|
9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial year.
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible Fixed Assets Net Current Assets Long Term Liabilities Tangible Fixed Assets Net Current Assets Long Term Liabilities |
Unrestricted Restricted TOTAL Funds Funds 2024/25 £ £ £ - - - 260,226 457,415 717,641 - - - 260,226 457,415 717,641 Unrestricted Restricted TOTAL Funds Funds 2023/24 £ £ £ - - - 207,827 424,462 632,289 - - - 207,827 424,462 632,289 CURRENT FINANCIAL YEAR PREVIOUS FINANCIAL YEAR |
|---|---|
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES
The Company is Limited by Guarantee (06266029) and is a Charity registered with the Charity Commission (1120790). The Company does not have a Share Capital and has no income subject to Corporation Tax.
| Net Income/(Expenditure) Other Recognised Gains Balance Brought Forward Closing Funds at 31st March 2024/(2023) 12. STAFF COSTS AND NUMBERS Gross Wages & Salaries Self Employed Consultants Employer's National Insurance Costs (after allowance) SMP/SPP/OPP Recovered Pension Contributions |
2024/25 £ 85,050 302 85,352 632,289 717,641 TOTAL 2024/25 £ 301,302 11,655 16,903 (9,094) 14,976 335,742 |
2023/24 £ (46,866) 3,695 (43,171) 675,460 632,289 TOTAL 2023/24 £ 282,025 16,067 14,926 (2,799) 12,947 323,166 |
|---|---|---|
Total average number of employees (includes full and part time staff members) who were engaged in the following activities:
| Charitable Activities | TOTAL 2024/25 17 17 |
TOTAL 2023/24 17 17 |
|---|---|---|
The Charity operates a PAYE Scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000 (2023/24:None)
The Charity also utilised the services of three self employed consultants during the year, who were working on charity projects during the year. The total amount paid was £11,655 (2023/24: £16,067).
The Charity had 2 full time staff and 16 part time staff at the start of the year, and 1 full time staff and 17 part time staff at the end of the year.
A defined contribution automatic enrolment workplace pension scheme is available and eligible employees were enrolled with the option of opting out if they so wish. The church currently pays pension contributions on behalf of 17 employees.
The key management personnel of the charity comprise the Trustees/Directors and the Pastoral and Teaching Manager. No Trustees are remunerated. The total employee benefits (including employer national insurance, employer pension contributions and the provision of accommodation) of the key management personnel of the charity was £83,446 (2023/24: £91,333)
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REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
13. TRUSTEES/DIRECTORS AND OTHER RELATED PARTY TRANSACTIONS
In this financial year the charity has paid trustees remuneration and benefits (including Employer NI and Employer Pension) for their role as Finance Assistant (2024/23: Pastoral Co-Ordinator) as follows:
| Name M Kyte (Pastoral Co-Ordinator) S Morton (Finance Assistant) |
Legal authority Governing document Governing document |
Remuneration Employer NI TOTAL TOTAL & Pension 2024/25 2023/24 £ £ £ £ - - - 10,580 4,918 246 5,164 - 4,918 246 5,164 10,580 Amounts paid or benefit value |
|---|---|---|
In this financial year the charity has paid expenses payments to three trustees, incurred whilst carrying out trustee duties as follows:
£
Travel costs
97
In this financial year the charity has paid expenses payments to two related parties, incurred whilst carrying out charitable activities as follows:
£
Travel costs 42 (daughter of M Kyte) Supporting volunteer mission work in Egypt 500 (son of S Liston)
No other payments were made to Trustees/Directors or any parties related to them during this financial year, except for general reimbursements of charitable purchases made on behalf of the charity.
The Directors collectively donated a total of £36,066 (2023/24: £24,898) to the Charity during the financial year and there were no conditions attached to these donations in furthering the Charity's objects.
14. RISK ASSESSMENT
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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REVELATION CHURCH - LONDON (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
17. DONATED GOODS
The Statement of Financial Activities includes the estimated value of food that has been donated and subsequently distributed by the Foodbank.
| Stocks of Food at start of year Revaluation of opening stock Donated Food Purchased Food Distributed Food Transferred to Euston Foodbank Disposed as waste Revaluation of closing stock Stocks of Food at end of year |
2024/25 £ 4,077 - 69,337 14,241 (84,244) - (1,621) 302 2,092 |
2023/24 £ 10,616 - 44,039 9,035 (60,333) (1,152) (1,823) 3,695 4,077 |
|---|---|---|
The estimated cost of food in 2024/25 was calculated by weight at an average cost as calculated by the Trussell Trust for London foodbanks of £2.37 per kg (to September 2024) and £2.77 per kg as from October 2024. The total weight of food donated and purchased during this financial year was 29,256kg (2023/24: 23,953kg). The total weight of food distributed in this financial year was 35,546kg (2023/24: 25,457kg). The Charity held food stocks of 755kg as at the 31st March 2025 (at 31st March 2024: 1,720kg).
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REVELATION CHURCH - LONDON
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31ST MARCH 2025
| Cash used in operating activities (a) Cash used from investing activities Interest income Cash provided by (used in) investing activities Cash flows from financing activities Financing activities Cash used in financing activities Increase/(decrease) in cash and cash equivalents in the year Cash and cash equivalents at the start of the year TOTAL cash and cash equivalents at the end of the year (b) |
2024/25 2023/24 £ £ 81,739 53,932 - 9,281 7,839 9,281 7,839 - - - - 91,020 46,093 - 612,672 658,765 703,692 612,672 |
|---|---|
(a) Reconciliation of net movement in funds to net cash flow from operating activities
| Net movement in funds Deduct interest income shown in investing activities Decrease/(increase) in stocks Decrease/(increase) in debtors Increase/(decrease) in creditors Gain on revaluation of stock Net cash used in operating activities (b) Analysis of cash and cash equivalents Cash at bank and in hand Total cash and cash equivalents |
2024/25 2023/24 £ £ 85,050 (46,866) (9,281) (7,839) 1,985 6,539 9,096 (6,159) (5,413) (3,302) 302 3,695 81,739 (53,932) 2024/25 2023/24 £ £ 703,692 612,672 703,692 612,672 |
|---|---|
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the trustees on my examination of the accounts of Revelation Church London for the year ended 31st March 2025.
Responsibilities and basis of report
As the charity’s trustees of Revelation Church - London, (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Revelation Church - London are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a fellow member of the Association of Charity Independent Examiners.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in respect of Revelation Church - London as required by section 386 of the 2006 Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Date: 6 August 2025
J Irvinesmith FCIE Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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