REGISTERED COMPANY NUMBER: 06013424 (England and Wales) REGISTERED CHARITY NUMBER: 1123015 ortof tee and Unaudlted Flnanclal S nts for the Y arEn l March 2024 for Rlverside Christlan Centre Kirk Hills Business Advisors a trading name of RT Marke and Co Chartered Accountants Ltd 5 Barnfield Crescent Exeler Devon EX1 1QT
Riverside Christian Centre Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trusteas Independent Examinerfs Report Ststsrnènt of Flnanclal Actlvltles Balance Sheet Notss to the Flnanclal Statements 8 to 13 Detalled Statement of FSnanclal Actlvltles 14 to 15
Riverside Christian Centre Re ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their feport with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms The objects of the charity are.. (a) to advance the Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the directors from time to time may see fit., {b) to relieve sickness and financial hardship and to promote and presèThe good health by the provislon of funds, goods or seNices of any kind includin9 through the provision of counselling and support in such parts of the United Kingdom or the world as the directors from time to time think fit, and (c) to advance education In such ways and in such parts of the United Kingdom or the world as the directors from lime to time may think fit. The strategies and operatlons employed to achieve the charily's objedives are discussed below. FINANCIAL REVIEW The year demonstrated a loss of £4,375 largely accounted for by depreciation costs. The trustees have also commenced a project lo refurbish the outside of the premises, A reserve of £60,000 is in place. It is the policy of the charity that unrestricted funds which have not been designated for specific use be mainlained et 8 level equivalent approximately six months expenditure. The Irustegs consider that reserves al this level will ensure th81, in the event of a significant drop in lunding, they wlll be able to continue the charity'$ CUTTent activities while consideration is given in ways in which additional funds may be raised. The charity currently has adequate level of reserves. PLANS FOR FUTURE PERIODS The rnajor financial concern for the Charity is to ensure that 115 revenue costs will be adequalely ¢overed and Ihal it provides buildings that will nol restrict the growth of the Church.This means the trust must generale sufficient funds from all sources and il intends lo review and achieve this is conjunction wilh its congregation {Partners and olher attendees), tradlng arms and by strengthening links with the community. In the next financl81 year We will refurbish the exterior of the Church and further Invest In upgrading of the interior. Investment in missional activities to include visits to mission projects throughout the UK and abroad. Conllnue to support team members in training to further enhance their skills to enable them to support the overall vision of the Church. We will undertake 8 review of Cafe Connect with a view lo moving it to a community cafe run by volunteers. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ¢ls governing document, a deed of trust, and constitutes a limited company, limiled by guarantee, as defined by the Companies Act 2006. The Charity operates under the Memorandum and ArtiGles of Associalion adopted by resolution 12 April 2007, having been incorporated on the 29 November 2006. The Governing Document imposes no specific restrictions concerning the way the Charity operates, however il functions within the Charity Commission recommendalions and advice and with in the laws of England. Riverside Christian Centre is a company limited by guarantee governed by its Memorandum and Articles of Associallon dated 12 April 2007. It is registered as a charity wilh the Charity Commission. Page 1
Riverside Christian Centre Re ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appolntment of new trustees Trustees are appointed by the Board and serve a 3 year tenure.The trustees have the power to co-opt up further members lo fill specialist roles. Co-opted members may seNe for a period of up to the following AGM. Graham Allen ser4es the board in an advisory capacity for safeguarding. Organlsatlonal structure The board of trustees administers the charity. The board is in regular contact with each other and meets formally five times a year. There are sub committees Covering Pay Reviews. Safeguarding and missions. Induction and tralnlng of new trustee8 Truslees undergo an orient81ion day, to brief them on their leg81 obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial pèrformance of the charity. Trustees are encouraged to attend appropriate exlernal Iraining events where these will faGililate the undertaking of their role. Related partles Related parties and a summary of transactions are set out in the finan¢lal statements. Rlsk management The Charity has a comprehensive Risk Management policy In place which comprises.. 8n annual review of the Tisks the tharily may fa¢e', the establishmenl of systems and procedures to mitigate those risks Idenlified in the plan; and Ihe implementation of procedures designed lo minimise any potential impact on the ¢harity should those risks materialise. A detsiled review, assessment and application of this policy was carried out during the year to mitigate perceived operalional threats through highlighting risk into four areas from the most likely and most serious effects of an event to the least likely and least threats. The highest defined threats will be addressed In priority order. Risk will be reduced through a ¢ombinalion of insurance and managernent control. Particular 81tenlion has focused on fiscal management and non-financial risks arising from fire, health and safety of attendees and food hyglene. A key element In the management of financial rlsk Is setting the reserves policy and its regular revlew of trustees. Thls Is dlscu$sed below. REFERENCE AND ADMINISTRATIVE DETAILS Under the Memorandum and Articles of Association 4.11, the charity has the power lo "invèsl monies of the Company nol immediately required for ils purposes in or upon such investments, or securities or property as may be thoughl fil subject nevertheless to such conditions lif any) as may be being imposed or required by law,. The trustees, having regard to Ihe Ilquidity requirements of operatlng the church and lo the reserves policy have oper8ted a policy of keeping available funds in en interest bearing deposit account and seek lo achieve a rale of deposit interest which matches or exceeds inflation as measured by the Ret8il Prices Index, and available within markel forces. INVESTMENT POWERS AND POLICY Under the Memorandum and Articles of Association 4.11, the charily has the power lo "invest monies of the Company not immediately required for ils purposes in or upon such investments, or securitie5 or property as may be Ihoughl fit subject nevertheless to such conditions (if any) a5 may be being imposed or required by law,. The trustees, having regard to the liquidity requirements of operating the church and to the reserves policy have operaled a policy of keeping available funds in an interest bearing deposit account and seek lo achieve a rate of deposit interest which matches or exceeds inflation as measured by the Retail Prices Index, and available withln market forces. Page 2
Riverside Christian Centre ort of the Trustees for the Year Ended 31 March 2024 PUBLIC BENEFIT STATEMENT The board and staff of Riverside Chrislian Centre IRCC) promote the vision and mission of the Church, providing pastoral care, both to its members and the wider community, undertaking evangelistic outreach, social and ecumenical support in the locality and worldwide through missions. This work is keenly supported by Ihe Riverside congregation. The RCC is also specifically responsibl6 for the maintenance of the Riverside Cenlre, Okehampton Street, Exeter, a source to enable community use and support. The RCC is committed to enabling as many people as possible lo worship al, and to become part of our community at Riverside. or within the largeT Christian community of churches. The RCC maintains an oveNiew of. and makes suggestions on, how our worship can involvè all people that live within the Community and within acceptable distance. Our services and worship pul faith into practice through prayer, s¢rlpture, music and sacrament. When planning our activities for the year, RCC have considered the Commission's guidance on public benefit and, in particular, the spe¢ifi¢ guidance for charities for the advancement of religion. In particular, RCC tries to enable ordinary people lo live out their faith as part of the Gommunity through.. worship and prayer,. learning about the Gospel: developing knowledge of, and trust in, Jesus; provision of pastoral care for people living in the community., missionary and outreach work, both in Exeter, nalionally and internationally. To facilitale this work it 1$ important that we maintain the fabric of the Church of Riverside and the Church Centre Complex and fomard plan for expansion In numbers through the conslanl review of our facilities and buildings. ACHIEVEMENTS AND PERFORMANCE Wordhlp and Prayer The RCC offer a range of Sunday services and other opportunities during the week and over the course of the year for the congregation and public, and many find these praclical, beneficial and spiritually fulfilling. Conned groups meet each week around the city (and beyond) where individuals can meet in secur8 and supportive bible study based evenings in Life Group Leadeis homes. Strong relationships can be forged enabling pastoral Care. These meetings provide an intimate and retleclive environment for worship and link with the vision and values of the church. We inltially developed online Church when forced to close due to Covid. However, we realised the huge potential of having an online presence and conlinue to offer thls opportunity as a way of ¢onnectlng those who are unable to 8tlend in person and also as a missional oportunity. At RCC, a Prayer room which can contain a dozen people, is set aside for contemplation, prayer groups, etc. This use is supplemented by annual 24n prayer and is available for drop in prayer through the opening hours eath day. Speclallsed Support for Speclfic Age Group8 and Need8 0-4's Crèche- Sunday Morning Crèche 5-10's All Stars- Sunday Morning 11's to 14's Fusion - Sunday Moming Toddler Group- Friday Moming. Messy Church- Monthly community family club, providing a rneal and activities Riverside Youth - youth club for year 7 +_ Friday Cafe Hefoes - fellowship group mainly for retired bul all are welcome School Support- Chaplaincy, art club, assemblies. Student & Young Adults- Connect group for 18+ Comrnunity Larder in Partnership with St Thomas Melhodist Church Other outreaches consist of Ch8plain¢y in the Prison, Hospital and Police, active participation in Exeter Street Pastors and Food Bank and various other practical support in Ihe community and throughout the year. Additionally, Riverside is a "Missions" church and many participate in overseas outreach throughout the year. Membershlp and Inclusively . All are welcome to attend our regular services. Approxifflalely 113rd live in the local community, 113rd live around the rest of the city area, and the final 113rd that attend, live outside the Exeter boundarie5. The Sunday seiceS are running at 10.30am, the services have a family feel, Ihe morning service has pro9rams available for children aged 1-16 finishing with a time of social interaction around tea. coffee and pastries. Page 3
Riverside Chrlstian Centre ort of the Trustees for the Year Ended 31 March 2024 The Cenlre operates a Café, which is a non-threatening environment for the public to pop in for food and drink, and chat and prayer rf that is required. Tho Church Centre C¢mplex The Board want the church to be open to our community for private prayer, for Comfort and support, education and to be welcoming and friendly. We wish to inform when asked. the truth of Jesus and the Christian faith, but also provide a non-confrontational, non-judgemental, supportive environment for the public benefil. Pasloral Care The church offers an after service cafe, 'Riverside Connect" a time for new people to get to know the church, meet the leadership team, and connect with others. We also have a pool of volunteers lo assist wilh pastoral issues. hospital visils. and family care. A Director is specifically tasked with the oversight of the Pastoral Care function. Mi531on and Evangelism Helping those in need Is a demonstration of our faith. There are significant Mission opportunilles during the year Including Guitar Aid {provision of free guitar5 to small churches abroad, mainly Ihird world countries). We contlnue to support Community Action for Mercy Rwanda on 8 monthly basis whilst conlinuing our support for mlssionarles In Uganda, Austria and South Africa. A significanl number of members also support children in other countries through Compassion. Regarding local missions, we have recent lanled a new church in the Exmoulh Area. Intem Team Riverside currently have foreign students based out of the centre. They are working with local schools and predominately within the youth and children's department. The above report confirms th81 when the RCC plan adivilies we Consider th8 Commission's guidance on public benefit. Plans are reviewed by the RCC annually. This statement is evi(lence we have ¢omplied with the duly in section 4 of the Charities Act 2006 to have due regard lo publi¢ benefit guidance published by the Commission. Approved by order of the bo d of trustees on and signed on ils behalf by.. ichar on - Trustee Page 4
Inde endent Examlnerfs Re ort to the Trustees of Riverslde Christian Centre Independent examlnerfs report to the trustees of Riverside Christian Centre I'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilitles and basis of report As the charills truslees of the Company (and also its directors for the purposes of company law) you are rèsponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfièd myself that the accounts of the Company are not requirèd to be audited under Part 16 of the 2006 Act and aTe eligible for independent examination, I report in respect of my examination of your chaflty's accounts as carried out under Section 145 of the Charities Acl 2011 ('the 2011 Act,). In carrying out my examination I have followed Ihe Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Indèpendent exarnlnerfs statement I have completed my examination. l Confirm that no matters have come to my attention In Connection with th8 examination giving me cause to believe.. a¢UntIng records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accord with Ihose records,. or the accounts do not comply wilh the accounting requirements of Section 396 of the 2006 Act other than any requirement that Ihe accounts give a true and fair view which is not a maller considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no olher 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. Mrs J D Pomroy MAAT Kirk Hills Business Advisors a trading name of RT Marke and Co Chartèred Accountants Ltd 5 Barnfield Crescent Exeter Devon EX1 1QT Date- 2.6-....J..J.b ...20 Jit Page 5
Riverside Christian Centre Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 170.074 170,074 176,919 Charitable actlvitlos General 2,786 2,786 2.190 Other trading activities Investment income 49,970 4,419 49,970 4,419 43.357 1.454 Total 227,249 227,249 223,920 EXPENDITURE ON Raising funds 148,455 148,455 134,857 Charllable activities General 83,169 83,169 80,276 Total 231,624 231,624 215,133 NET INCOMEIIEXPENDITURE) (4,375) (4,375) 8,787 RECONCILIATION OF FUNDS Total funds brought fOard 614,607 614,607 605,820 TOTAL FUNDS CARRIED FORWARD 610,232 810,232 614,607 The notes form part of these financial statements Page 6
Rlverside Christian Centre Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund funds Noles FIXED ASSETS Tangible assets 371,147 371,147 383,395 CURRENT ASSETS Debtors Cash at bank and in hand 10 17,767 229,400 17,767 229,400 5,093 235,909 247,167 247,167 241,002 CREDITORS Amounts falling due within one year 11 (8,082) (8,082) 19,790) NET CURRENT ASSETS 239,085 239,085 231.212 TOTAL ASSETS LESS CURRENT LIABILITIES 610,232 610,232 614,607 NET ASSETS 610,232 610,232 614,607 FUNDS Unrestricted funds 12 610,232 614,607 TOTAL FUNDS 610,232 614.607 The charitable company18 entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company lo obtain an audit of Its financial statements for the year ended 31 March 2024 in accordance with Sectlon 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Section5 386 and 387 of the Companies Act 2006 and preparing financial statements which glve 8 true and falr view of the slate of 8ffalrs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with Ihe requirements of Sections 394 and 395 and which otherwise comply with the requiremenls of the Companies Act 2006 relating to financial statements, so far as applicable lo the charitable Gompany. Ib) These finarscial slalements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies regime. The finenci statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by.. on A D Richa son- ruslee The notes form part of these financial statements Page 7
Riverside Christian Centre Notes to the Financial Statements for the Year Ended 31 March 2024 STATUTORY INFORMATION Riverside Christian Centre is a company limited by guarantee. The company's reglstered number and registered office address can be found on pagè 2 "Reference and Administrative Details.. The Pfesentalion currency of the financial statements is the Pound Slerling {£>. ACCOUNTING POLICIES Basls of preparing the financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in ac¢ordano with the Charities SORP (FRS 102) 'A¢counting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab16 in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 2019),, Financi81 Reporting Standard 102 'The Financi81 Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised In the Statement of Flnancial Activities once the charity has entitlement to the funds, it is probable that the Income will be received and lh8 amount can be measured reliably. Expendlturg Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling Ihe charity lo that expenditure, it is probable that a Ir8nsfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendilure is accounted for on an accruals basis and has been classified under headings that aggfegate all cost related to the category. Where costs cannol be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of Tesources. Allocatlon and apportlonment of costs Costs are reviewed by the trustees 8nd an annual review is undertaken whereby costs are reallocated as and when neeRssary. Tanglble flxed assets Deprecialion is provided al the following annual rates in order to wrile off each asset over its estimated useful life. RCC Exeter Property Plant and machinery Fixtures and fittings Computer equlpment 20/0 on cost 209/0 on cost 150/0 on cost 250/0 on cost TaxatSon The charity is exempl from corporation tax on its charitable activities. Fund acGounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslflcted purpose8. No reslricled income v5 received in the year. Further explanation of the natur6 and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirernent benefSt8 The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. Page 8 continued...
Riverside Christian Centre Notes to the Financial Statements - contlnued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - contlnued Financial Instruments Financlal instruments i) Financial assets Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effedive interest melhod, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are slated at cost less impaimienl losses for bad and doubtful debts. Financial assets are derecognised when (a) the conlraclual rights lo the cash flows from the asset expire or are settled. or (b) substantially all the risks and reward5 of the ownership of the asset are transferred lo another paty or Ic) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred lo another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. (li) Financial liabilities Basic financial liabilitles. Including trede 8nd other creditors, bank loans and other loans are inilially re¢ognised at transaction price. unless the arrangement conslilutes a financing transaction. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if paymenl is due within one year or less. If nol, they are presented as non-current liabililies. Trade creditors are recognised initlally at transaction price and subsequenlly measured al amortisation cost usin9 the effective inleresl method. Financial liabilities are dereco9nised when the liability is extSnguished, thal is when the contractual obligation 18 discharged, cancelled or expires. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Events Income Sundry income Office rents Cafe Connect Income 232 411 35,719 13,608 705 1,245 31,720 9,687 49,970 43,357 INVESTMENT INCOME 31.3.24 31.3.23 Bank interest received 4.419 1,454 NET INCOMEI{EXPENDITURE) Nel incomel(expendilure) is slated after chargingl(crediling): 31.3.24 31.3.23 Depreciation - owned assets 19,361 19,256 Page 9 continued...
Riverside Christian Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS In accordance with the charity's Assemblies of God Model Constitution, the trustees are allowed to re1ve remuneration if employed by the charity. Remuneration was paid to the following trustees.. 2024 2023 A Rlchardson Gross salary inc e'ers NIC £39,801 £41,331 Mrs R Rlchardson Gross salary £9,019 £ 6,422 Trustses, expenses There were no trustees. expenses paid for Ihe year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Church staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 174,909 2,010 176,919 Charltable actlvlues General 2,190 2,190 OtheT trading activiti88 Inveslmenl income 43,357 1,454 43,357 1,454 Total 221,910 2,010 223,920 EXPENDITURE ON Raising funds 132,847 2,010 134,857 Charitable actlvltle8 General 80,278 80,276 Total 213,123 2,010 215,133 NET INCOME 8,787 8,787 RECONCILIATION OF FUNDS Total funds brought forward 605,820 605,820 TOTAL FUNDS CARRIED FORWARD 614,607 614,607 Page 10 continued...
Riverside Christian Centre Notes to the Flnancial Statements - continued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS RCC Exeter Property Fixtures and fittings Plant and machinery Computer equipment Totals COST At 1 April 2023 Additions 407,024 2,914 36,061 180 57,197 2,375 17.020 1,644 517,302 7,113 At 31 Mar¢h 2024 409.938 36,241 59,572 18,664 524,415 DEPRECIATION Al 1 April 2023 Charge for year 61,749 8,140 30,201 2,887 27,932 6.906 14,025 1,428 133,907 19,361 At 31 March 2024 69,889 33.088 34,838 15,453 153,268 NET BOOK VALUE At 31 March 2024 340,049 3,153 24,734 3,211 371,147 At 31 March 2023 345,275 5,860 29,265 2,995 383,395 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors Prepayments 1,303 4,016 12,448 305 4,372 416 17,767 5.093 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditor8 Other creditors 7,524 558 9.323 467 8.082 9,790 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unre8tricted funds General fund 614,607 (4,375) 610,232 TOTAL FUNDS 614,607 (4.375) 610,232 Page11 continued...
Riverside Christian Centre Notes to the Flnancial Ststements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS . continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 227,249 (231,624) (4,375) TOTAL FUNDS 227.249 (231,624) {4,375) Comparatlves for movement In funds Net movement in funds At 31.3.23 At 1.4.22 Unre8trlcted funds General fund 605,820 8,787 614,607 TOTAL FUNDS 605,820 8,787 614,607 Comparatlve net movement In funds, included in the above are es follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 221,910 (213,123) 8,787 Restrlcted fund8 Rwanda Trip 2,010 (2,010) TOTAL FUNDS 223,920 (215,133) 8,787 A current year 12 months and prior year 12 months Combined position 1$ as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrostrlcted fund8 General fund 605,820 4,412 610,232 TOTAL FUNDS 605,820 4,412 610,232 Page 12 continued...
Riverslde Christian Centre Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows-. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 449.159 (444,747) 4,412 Restricted fund8 Rwanda Trip 2,010 (2,010) TOTAL FUNDS 451,169 (446.757) 4,412 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 13
Riverside Christian Centre Detalled Statement of Flnanclal Activlties for th6 Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacles Offerings Gift Aid tax reclaim Covenanted income Donated income- Rwanda 43,137 26,389 91.979 8,569 35,866 25,384 113.659 2,010 170,074 176,919 Other tradlng actlvltle$ Evenls Income Sundry incorne Office rents Cafe Connect income 232 411 35,719 13,608 705 1,245 31,720 9,687 49,970 43,357 Investment Income 8ank interest received 4,419 1,454 Charitsble actlvltle8 Youth income Childrens income 2,159 627 1,459 731 2,788 2,190 Total Incomlng resources 227,249 223,920 EXPENDITURE Ralslng donatlon8 and legacle8 Trustees, Salaries Trustees, social securlty Wages Pensions Events expenditure Mission expenditure Interns expenditure Church hospi181ily Church sofvare & maintenance Rwanda 45,097 3,723 54,022 6,264 601 8,538 5,717 1,966 3.998 11,395 43,688 4,065 38,881 6,884 531 23,749 3,936 3,686 3,625 2,010 141,321 129,055 other tradlng actlvitle8 General conference costs Caf8 Connect expenditure 1,673 5,461 1,607 4.195 7,134 5,802 Charltsble activitles Youth expenditure Travel & accommodation Carried forward 2,359 93 2,452 1,936 532 2,468 This page does not form part of the statutory financial statements Page 14
Riverside Christlan Centre Detailed Statement of Financlal Activltles for the Year Ended 31 March 2024 31.3.24 31.3.23 Charitsble activities Brought forward Premises repairs & maintenance Training & conference costs Children's costs Recruitment expenses 2.452 6,904 6,239 771 2,468 3,833 6,490 874 2.939 16.366 16.604 Support costs Management Rates and water Insurance Light and heat Telephone Sundries Office stationery cosls Cleaning 4,879 10,637 15.023 1,805 1,365 2,655 2,654 4,417 9,643 15.382 1,767 1,936 2,539 1,931 39,018 37.615 Flnan¢e Bank charges 536 448 Other Freehold property Plant and machinery Fixtures and fittings Computer equipment 8,140 2,887 6,906 1.428 8,140 2,870 6,787 1,459 19,361 19,256 Governance ¢08t8 Accounlancy Subscriptions and licences Professional fees Payroll services 2,487 3,558 1,364 479 2,627 2,885 357 7,888 6,353 Total resources expended 231,624 215,133 Net {expendlture)Ilncome {4,375) 8,787 This page does not form part of the statutory financial statements Page 15