REGISTERED COMPANY NUMBER." 06013424 (England and Wales) REGISTERED CHARITY NUMBER: 1123015 Re ort of the Trust888 and Unaudited Financial Statements for the Year Ended 31 March 2025 for Riverside Chri ian C ntr Kirk Hills Business Advisors a trading name of RT Marke & Co Ltd Chartered Accountants 5 Barnfield Crescent Exeter Devon EX1 1QT
Riverside Christian Centre Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examlnerfs Report Statement of Flnancial A¢VIe3 Balance Sheet Note8 to the Flnanclal Statements 9 10 14 Detalled Statement of Flnan¢Sal Activitles 15 10 16
Riverside Christian Centre Re ort of the Trustees for the Year Ended 31 March 2025 The trustees who are also the directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES The objects of the charity are-. a) To advance the Christian faith in accordancè 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 fil. (b) To relieve sickness and financial hardship and lo promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the directors from tim8 to time think fil. and (c) To advance education in such ways and in such parts of the United Kingdom and the world as the directors from lime lo time may ihink fil. The strategies and operations employed lo achieve the charit185 objectives are discussed in Ihe report, The Charity operates undér the memopndum and articles Association 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 it functions within the Charity Commission recommendations and advice and within the laws of England. Riverside Christian Centre is a company limited by guarantee governed by ils Memorandum and Articles of Association dated 12 April 2007. 11 is registered as a charity with the Charity Commission. Recrultment and appolntment of new trustee8 Trustees are appointed by the board and serve a 3-year tenure. The trustees have the power to co-opt further members to fill specialist roles. Co-opted members may serve for a period of up to the following AGM. Induction and tralning of nèw trustèe8 Trustees undergo an orienlalion day, to brief them on their legal obligations under charity and company law, the content of the Memorandum of Articles of A650ciation, Ihe commillee and decision-making processes, the business plan and recent financial performance of the charity. Trustees are encouraged lo allend appropriate external training events where these will facililate the undertaking of their role. Rasignation of trustge Helen Buswell resigned as a trustee during the year after many years of faithful service. Organlsational Structure The board of Iruslees administers the charity. The board is in regular contact wilh each other and mèets formally four limes a year. There are sub committees covering Pay Reviews, Safeguarding and Missions. Related Partles Related parties and a summary of transactions are sel out in the financial statements. Page 1
Riverside Christian Centre Re ort of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Public benefit The board and staff of Riverside Christian Centre (RCC} promote thè vision and mission of the Church, providing pastoral care, both to ils 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 the Riverside congregation. The RCC is also specifically responsible for the maintenance of the Riverside Centre, Okehampton Street, Exeler, a resource lo 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 al Riverside, or within the larger Christian community of churches. The RCC maintains an overview of, and makes suggestions on, how our worship can involve all people that live within Ihe Community and within acceptable distance. Our services and worship put faith into practice through prayer, scripture. music and sacrament. When planning our activities for the year, RCC have considered the Commission's guidan on public benefit and, in particulaf, the specific guidance for charities for the advancement of religion. In particular, RCC tries lo enable ordinary people lo live out their faith as part of the community through.. ' worship and prayer; leaming about the Gospel; developing knowledge of, and trust in, Jesus.. Provision of pastoral care for people living in the community., missionary and outre8ch work, both in Exeter. nationally and internationally. To facilitate this work il is important that we maintain the fabric of the Church of Riverside and the Church Centre Complex and forward plan for expansion in numbers through the constant review of our facilities and buildings. ACHIEVEMENTS AND PERFORMANCE Worship and Prayer The RCC offei a range of Sunday services and other opportuniti8$ during the week and over the course of the year for the congregation and public, and many find these practical, beneficial and spiritually fulfilling. Connect groups meet each week around the city (and beyond} where individuals can meet in secure and supportive bible study based evenings in Life Group Leaders homes. Strong relationships can be forged enabling pastoral care. These meetings provide an intimate and reflective environment for worship and link with the vision and values of the church. Online Church continues to give the opportunity of connecting those who are unable to attend in person and is a useful missional opportunity. A Prayer room which can contain a dozen people, is set aside for contemplation, prayer groups. etc. supplemented by many and varied prayer opportunities. This use is Speclallsed Support for Speclflc Age Groups and Needs 0-4's Crèche- Sunday Morning Créche 5-10's All Slar5- Sunday Morning 11,5 10 14's Fusion - Sunday Morning Toddler Group- Friday Morning. Messy Church- Monthly community family club, providing a meal and activities Riverside Youth youth club for year 7 +- Friday Cafe Heroes fellowship group mainly for relired but all are welcome School Support- Chaplaincy, art club, assemblies. Student & Youn9 Adults- Connect group for 18+ Community Larder in Partnership with St Thomas Methodist Church Other outreaches consist of Chaplaincy in Ihe Prison, Hospital and Police. active participation in Exeter Street Pastors and Food Bank and various other practical support in the community and throughout the year. Additionally, Riverside is "Missions" church and many participate in oversea5 outreach throughout the year. Membership and Inclusively . All are welcome to attend our regular services. Approximately 113rd live in the local community, 113rd live around the resl of the city area. and the final 113rd that attend, live outside the Exeter boundanes. The Sunday seNices are running at 10.30am, the services have a family feel, the morning service has programs available fof children aged 1-16 finishing with a time of social interaction around lea, coffee and pastries. Page 2
Riverside Christian Centre Re ort of the Trustees for the Year Ended 31 March 2025 The Cenlre operates a café, which is a non-lhrealening environment for the public to pop in for food and drink, and a chat and prayer if that is required. The Church Centre Complex The Board want the church lo be open lo our communily for private prayer, for comfort and support, education and to be welcoming and friendly. We wish lo inform when asked. the truth of Jesus and the Christian faith, but also provide a non-confrontational. non-judgemental, supportive environment for the public benefit. Pastoral 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 to assisl with pastoral issues, hospital visits, and family care. A Director is specifically tasked with the oversight of the Pastoral Care function. Mission and Evangelism Helping those in need is a demonstration of our faith. There are significant Mission opportunities during th8 year including Guitar Aid (provision of free guitars to small churches abroad, mainly third world countries). We continue to support Community Action for Mercy Rwanda on a monthly basis whilst continuing our support for missionaries in Uganda, Austria and South Africa A significant number of members also support children in other countries through Compassion. Regarding local missions, we have recently planted a new church in the Exmoulh Area. Intern Team Riverside currently have foreign students based out of the centre. They are working with local schools and predominal8ly within the youth and children's department. The above report confirms that when the RCC plan activities we consider the Commission's guidance on public benefit. Plans are reviewed by the RCC annually. This statement is evidènce we have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission. FINANCIAL REVIEW Financial position The year shows a surplus of income over expenditure of £65,794. We have been delighted lo receive two gifts one of £20,000 and one of £65,000 given with no restrictions. In discussion with the donors the board were happy to de6ignate some of the funds to missions work in Kenya and Rwanda. Further funds have been designated for Youth and Children's ministry. The board will continue lo discuss allocalion of funds for future projects with the donors. During the year we were able cornmence works lo refurbish the exterior of the building which will be completed during Ihe 2025-2026 financial year. The lolal cost of the project will be in the region of £80.000 overall. We were also able to install new air conditioning at a cost of £12,000 and a new boiler along with a new Hive control system al a cost of £2.600. We undertook a review of Café Connect whiGh has now moved it to a community café run by volunteers two days a week. Reserves pollcy A reserve of £60,000 is in place. It is the policy of the charity that unreslricled funds which have not been designaled for specific use be maintained at a level equivalent approximately six months expenditure. The truslees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the charity's currenl activities while consideration is given in ways in which additional funds may be raised. The charily currently has adequate level of reserves. Page 3
Riverside Christian Centre ort of the Trustees for the Year Ended 31 March 2025 FUTURE PLANS The major financial conrn for the Charity is to ensure that its revenue cost will be adequately covered and that it provides buildings that will not restrict the growth of the Church. This means the trust musl generate sufficient funds from all sources and it intends to review and achieve this in conjunction with its congregation (Partners and other attendees). trading arms and by strengthening links with the community. In the next financial year.. We will complete the refurbishment of the exterior of the Church and further invest in upgrading of the interior. Investment in missional activilies to include visits lo mission projects throughout the UK and abroad. Continue lo support team members in training to further enhance their skills to enable them to support the overall vision oflhe Church. Create opportunities for our young people to experience missions, youth and training events. Expand provision of services in Exmouth from monthly to weekly. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is conlrolled by ils governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Risk management The Charity has a ¢omprehensive Risk Managemenl policy in place which comprises.. an annual review of the risks the charity May face., the establishment of systems and procedures to mitigale those risks identified in the plan., and the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. A detailed review, assessment and application of this policy was carried out during the year to mitigate perceived operational 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 Ihreals will be addressed in priority order. Risk will be reduced through 8 combination of insurance and management control. Particular attention has focused on fiscal management and non-financial risks arising from fire, health and safety of attendees and food hygiene. A key element in the management of financial risk is setting the reserves policy and ils regular review of truslees. This is discussed in the ReseNes Policy. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06013424 (England and Wales) Registered Charity number 1123015 Registered offtce 13-14 Okehampton Street Exeter Devon EX14 1DU Trustees Rev A D Richardson Mrs R Richardson J H Rogers A Bartlell Mrs H R Buswell (resigned 20.9.24) C E Lonsdale Page 4
Riverslde Christian Centre Re ort of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Kirk Hills Business Advisors a trading name of RT Marke & Co Ltd Chartered Accountants 5 Bamfield Crescent Exetèr Devon EX1 1QT SoS1¢itors The charity uses Gilbert Stephens, solicitors, vtho are based in Exeter for legal advice. INVESTMENT POWERS AND POLICY Under the Memorandum 8nd Articles of Association 4.11, the charity has the power lo "invest monies of the Company not immediately required for its purposes in or upon such investments. or securities or property as may be thought fit subject nevertheless lo such conditions (if any) as may be being imposed or required by law" The trustees, having regard to the liquidity requirements of operating the church and lo the reseNes policy have operated a policy of keeping available funds in an inleresl bearing deposit account and seek to achieve a rate of deposit interest which matches or exceeds inflation as measured by the Retail Prices Index. and available within market forces. The tmst has moved the majority of its capital reserve from Barclays Bank to Kingdom Bank a not for profit bank which supports mission Vrk throug ul the UK and beyond. 07 Approved by order of the b rd of trustees on............ AS........ .... and signed on its behalf by: RevADRI hards Truslee Page 5
Inde endent Examlner's Re ort to the Trustees of Riverside Christian Centre Independent examinerfs report to the trustees of Riverside Christian Centre I'the Company,) I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the chaTlty's trustees of the Company (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 the Company 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 acmunts as carfied out under Section 145 of the Charities Act 2011 {'the 2011 Act'}. In carrying out my examination I have followed the Directions given by Ihe Charily Commission under Section 145(51 {bl of the 2011 Act. Independent examlnèrfs statement Since your charity's gross income exceeded £250,000 your examiner must bé a member of a listed body. I can confimi that l am qualified to undertake the examination because l am a member of the Association of Accounting Technicians. which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe.. accounting 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 those records., or the accounts do not Comply with the 8¢counting requirements of Section 396 of the 2006 Act other than any requirement that the a¢¢ounls give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have nol been prepared in accordance with the method6 and principles of the Slatement of Recommènded Practice for accounting and reporting by charities (applicable lo charities preparing iheir 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 Ihis report in order to enable a proper understanding of the accounts lo be reached. Mrs J D Pomroy MAAT Kirk Hills Business Advisors a trading name of RT Marke & Co Ltd Chartered Accountants 5 Barnfield Crescent Exeter Devon EX1 1QT Dale: 1.8......... •C_Ur 20 2 S Page 6
Riverslde Christian Centre Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 283.587 283,587 170,074 Charitable activities General 3,785 3,785 2,786 Other trading activities Inveslmenl income 49,726 5.714 49,726 5,714 49,970 4,419 Total 342,812 342,812 227,249 EXPENDITURE ON Raising funds 180.931 180,931 148,455 Charltable activities General 96,087 96,087 83,169 Total 277,018 277,018 231,624 NET INCOMEIIEXPENDITURE) 65,794 65,794 (4,375) RECONCILIATION OF FUNDS Total funds brought forward 610,232 610,232 614,607 TOTAL FUNDS CARRIED FORWARD 676,026 676,026 610,232 The notes form part of these financial statements Page 7
Riverside Christian Centre Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 398.888 398,888 371.147 CURRENT ASSETS Debtors Cash at bank and in hand 10 23,931 265.751 23,931 265,751 17,787 229,400 289,682 289.682 247,167 CREOITORS Amounls falling due within one year (12,544) (12.544) (8,082) NET CURRENT ASSETS 277.138 277,138 239,085 TOTAL ASSETS LESS CURRENT LIABILITIES 676,026 676,026 610,232 NET ASSETS 676,026 676,026 610,232 FUNDS Unrèstricted funds 12 676,026 610,232 TOTAL FUNDS 676,026 610,232 The charitable company 1$ 8nlitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The Iruslees acknowledge their responsibilities for (a} ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the chafltable company as al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordan with the provisions applicable lo Gharilable companies subject lo Ihe small companies regime. (b) The financial statements were approved by the Board of Trustees and authorised for issue nd were signed on its behalf by.. on ADRich rdson - Trustee The notes form part of these financial statements Page 8
Riverside Christian Centre Notes to the Financial Statements for the Year Ended 31 March 2025 STATUTORY INFORMATION Riverside Christian Centre is a company limited by guarantee. The company's re9lStered number and registered office address can be found on page 2"Reference and Administrative Details" The presentation currency of the financial statements is the Pound Sterling {£). ACCOUNTING POLICIES Basis of preparlng the financial Statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepaTed in accordance with the Charities SORP (FRS 1021 '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 IFRS 102} (effective 1 January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Ihe Companies Act 2006. The financial statements have been prepared under the histori¢al cost convention. Income All income is recognised in the Statement of Financial Activities once th8 charity has enlillement lo the funds, it is probable that the income will be received and the amount Can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obli9alion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cosl related to Ihe category. Where costs cannot be diTe¢lly allributed to particular headings they have been allocated to activities on a basis consistent with the use of resource5. Allocatlon and apportlonment of costs Costs are reviewed by the trustees and an annual review is undertaken whereby costs are reallocated as and when necessary. Tanglble fixed assets Depreciation is provided al the following annual rates in order to write off each asset over its estimaled useful RCC Exeter Property Plant and machinery Fixtures and fittings Computer equipmenl 2010 on cost 1 50/0 on cost 25010 on cost Taxatlon The charity is exempl from corporation tax on its charitable aclivilies. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Irustees. 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 restricted purposes. No reslricled income was received in Ihe year. Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements. Pension costs and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to Ihe harilable company's pension scheme are charged to the Slalement of Financial Activities in the period to which they relate. Page 9 continued...
Riverside Christian Centre Notes to the Flnancial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Financlal instruments Flnancial instruments i} Financial assets Basic financial assets, including trade and other debtors 8re initially recognised at the transaction price and therefore slated at amortisation cost using the effective 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 staled al cost less impairment losses for bad and doubtful debts. Financial assets are dereco9nised when {a) the contraclual rights lo the cash flows from the assel expire or are sellled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability lo unilaterally sell the asset to an unrelated third party without imposing additional restrictions. lill Financial liabilities Basic financial liabililie5, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless Ihe arrangement conslilules a financing transaction. Trade creditors are obligations to pay for goods and services thal have been acquired in the ordinary course of business from suppliers. Crèditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised inilially al transaction price and subsequently measured at amortisalion cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, thal is when the contractual obligation is discharged, cancelled or expires. OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Events Income Sundry income Office rents Cafe Connect income 8,981 1.616 33,803 5,326 232 411 35,719 13,608 49,726 49,970 INVESTMENT INCOME 31.3.25 31.3.24 Bank interest received 5,714 4,419 NET INCOMEI{EXPENDITUREI Net incomellexpenditure) is stated after chargingl(crediting)'. 31.3.25 31.3.24 Depfeciation - owned assets 21.047 19,361 Page 10 continued...
Riverside Christian Centre Notes to the Flnancial Statements - continued for the Year Ended 31 March 2025 TRUSTEES. REMUNERATION AND BENEFITS In accordance with the charity's Assemblie5 of God Model Consts'tution, the trustees are allowed to re1ve remuneration if employed by the charity. Remuneration was paid to the following trustees,. 2025 2024 A Richardson Gross salary inc e'ers NIC £41.808 £39,801 Mrs R Richardson Gross salary £9,460 £ 9,019 Tru8tees' expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 Church staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 170,074 170,074 Charltable activities General 2,786 2,786 Other trading activities Inveslmenl income 49,970 4,419 49,970 4,419 Total 227,249 227,249 EXPENDITURE ON Raising funds 148,455 148,455 Charitablo actlvitles General 83,169 83,169 Total 231.624 231.624 NET INCOMEIIEXPENDITURE) (4.375) (4,375) RECONCILIATION OF FUNDS Tolal funds brought fotward 614,607 614,607 TOTAL FUNDS CARRIED FORWARD 610,232 610,232 Page11 continued.-.
Riverside Christian Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Fixtures and fittings RCC Exeter Propety Plant and machinery Computer equipment Totals COST At l April 2024 Additions 409,938 25,372 36,241 14,375 59,572 7,765 18,664 1,276 524,415 48,788 At 31 March 2025 435,310 50,616 67,337 19.940 573.203 DEPRECIATION At 1 April 2024 Charge for year 69,889 8,706 33,088 3,726 34,838 7,183 15,453 1,432 153,268 21.047 At 31 March 2025 78,595 36,814 42,021 16,885 174,315 NET BOOK VALUE At 31 March 2025 356,715 13,802 25.316 3,055 398.888 At 31 March 2024 340,049 3,153 24,734 3,211 371.147 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors OlheT debtors Prepayments 3,540 19.789 602 1,303 4,016 12,448 23,931 17,767 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Other creditors 10,032 2,512 7,524 558 12,544 8,082 12. MOVEMENT IN FUNDS Net movement in funds At 1.4.24 At 31.3.25 Unrestricted funds General fund 610,232 65,794 676,026 TOTAL FUNDS 610,232 65,794 676,026 Page 12 continued...
Riverslde Christian Centre Notes to the Financlal Statements - continued for the Year Ended 31 March 2025 12. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 342,812 (277,018) 65,794 TOTAL FUNDS 342,812 {277.0181 65,794 Comparative8 for movement In funds Net movement in funds At 1.4.23 At 31.3.24 Unrestrlcted fund8 General fund 614,607 14,375) 610,232 TOTAL FUNDS 614,607 (4,3751 610,232 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds UnrestrScted funds General fund 227,249 1231,624) (4,375) TOTAL FUNDS 227,249 (231,624) {4,375) A Current year 12 months and prior year 12 monlhs combined position is as follows.. Net movement in funds At 1.4.23 At 31.3.25 Unrestricted funds General fund 614.607 61,419 676,026 TOTAL FUNDS 614,607 61,419 676,026 Page 13 continued..
Riverside Christian Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2025 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 570,061 (508,642) 61,419 TOTAL FUNDS 570,061 (508,642) 61,419 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 14
Riverslde Christian Centre Detailed Statement of Flnancial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENOOWMENTS Donatlons and legacies Offerings Gift Aid lax reclaim Covenanted income Donated income- Rwanda 60.839 49,103 163,257 10.388 43.137 26,389 91,979 8,569 283,587 170,074 Other trading actlvitles Events Income Sundry income Office renls Caf8 conne income 8,981 1,616 33,803 5,326 232 411 35,719 13,608 49.726 49,970 Investment Income Bank inleresl received 5,714 4,419 Charltable aetivitigs Youth income Childrens income 3,288 497 2,159 627 3,785 2,786 Total incorning resources 342,812 227,249 EXPENDITURE Raislng donations and legacles Tru5tees' salaries TrLJslees' social security Wages Pensions Events expenditure Mission expenditure Interns expenditure Church hospitality Outreach Work Church software & maintenance Pastoral Expenses Rwanda 47.302 4,017 57,899 6.585 404 27,724 2,235 2,212 3,236 3,498 2,334 17,799 45.097 3,723 54,022 6,264 601 8,538 5,717 1,966 3,998 11,395 175,245 141,321 Other trading actlvltles General conference costs Cafe Connect expenditure 3,868 1,818 1,673 5.461 5,686 7,134 Charitable activities Youth expenditure Cairied forward 2,630 2,630 2,359 2.359 This page does not form part of the statutory financial statement5 Page 15
Riverside Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Charitable a¢tivitSes Brought forward Travel & accommodation Premises repairs & maintenance Training & conference costs Children's costs 2,630 107 12,554 9,098 1.676 2,359 93 6,904 6,239 771 26,065 16,366 Support costs Management Rates and water Insurance Light and heat Telephone Sundries Office stationery costs Cleaning 5,411 11,148 14,657 1.578 932 1,923 2.361 4,879 10.637 15.023 1,805 1,365 2,655 2,654 38,010 39,018 Finance Bank charges 423 536 Other Freehold property Plant and machinery Fixtures and fillings Computer equipment 8,706 3,726 7.183 1.432 8,140 2,887 6,906 1,428 21,047 19,361 Govemance c¢sts Accountancy Subscriptions and liCenS Professional fees Payroll services 2.903 4,184 2,976 479 2,487 3,558 1,364 479 10,542 7,888 Total resources expended 277.018 231,624 Net incomellexponditurel 85.794 {4,375) This page does not form part of the statutory financial statements Page 16