Registered Number: 03926077 England and Wales
## RIVERS OF LIFE MINISTRIES LIMITED
Report of the Directors and Unaudited Financial Statements
## **Period of accounts**
**Start date:** 01 March 2021 **End date:** 28 February 2022
RIVERS OF LIFE MINISTRIES LIMITED Contents Page For the year ended 28 February 2022
|Company information|3|
|---|---|
|Directors' report|4|
|Accountants' report|6|
|Income statement|7|
|Statement of financial position|8|
|Notes to the financial statements|10|
|Detailed income statement|13|
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## RIVERS OF LIFE MINISTRIES LIMITED Company Information For the year ended 28 February 2022
## **Directors**
Dr Scholastica Ndunguru KAZIDI Rev Elineema GIBOGWE Pastor Didier NGOLO Doris Gidieon SELEMBO
**Registered Number** 03926077 **Registered Office** 50 CUMBERLAND ROAD CHAFFORD HUNDRED GRAYS ESSEX RM16 6DS
**Accountants** Business Wisdom Centre Ltd Suite 4.6, 4th Floor Standard Buildings 94 Hope Street Glasgow G2 6PH
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RIVERS OF LIFE MINISTRIES LIMITED Directors' Report For the year ended 28 February 2022
## **Director's report and financial statements**
The directors present their annual report and the financial statements for the year ended 28 February 2022.
## **Principal activities**
Principal activity of the company during the financial year was of Activities of religious organisations...
## **Directors**
The directors who served the company throughout the year were as follows: Dr Scholastica Ndunguru KAZIDI
Rev Elineema GIBOGWE
Pastor Didier NGOLO
Doris Gidieon SELEMBO
## **Statement of directors' responsibilities**
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :
- select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
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## RIVERS OF LIFE MINISTRIES LIMITED Directors' Report For the year ended 28 February 2022
This report was approved by the board and signed on its behalf by:
----------------------------------
Dr Scholastica Ndunguru KAZIDI Director
Date approved: 04 July 2022
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## RIVERS OF LIFE MINISTRIES LIMITED Accountants' Report For the year ended 28 February 2022
## Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Business Wisdom Centre Ltd 28 February 2022
.................................................... Business Wisdom Centre Ltd Suite 4.6, 4th Floor Standard Buildings 94 Hope Street Glasgow G2 6PH 04 July 2022
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## RIVERS OF LIFE MINISTRIES LIMITED Income Statement
## For the year ended 28 February 2022
|**Notes**
**Gross profit**
Administrative expenses
Other operating income
2
**Operating profit/(loss)**
3
**Profit/(Loss) on ordinary activities before**
**taxation**
Tax on profit on ordinary activities
**Profit/(Loss) for the financial year**|**2022**
**£**
**0**
(21,725)
21,725
**0**
**0**
0
**0**|**2021**
**£**|
|---|---|---|
|||**0**
(29,082)
28,881|
|||**(201)**|
|||**(201)**
0|
|||**(201)**|
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## RIVERS OF LIFE MINISTRIES LIMITED Statement of Financial Position
## As at 28 February 2022
|**Notes**
**Fixed assets**
Tangible fixed assets
5
**Current assets**
Debtors
6
Cash at bank and in hand
**Creditors: amount falling due within one year**
7
**Net current liabilities**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**
General Reserves
8
Profit and loss account
9
**Members' funds**|**2022**
**£**
629
**629**
(3,001)
6,881
**3,880**
(4,223)
**(343)**
286
**286**
3,028
(2,742)
**286**|**2021**
**£**
1,142|
|---|---|---|
|||**1,142**
0
3,273|
|||**3,273**
(3,092)|
|||**181**|
|||1,323|
|||**1,323**|
|||3,028
(1,705)|
|||**1,323**|
For the year ended 28 February 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Directors' responsibilities:
1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
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## RIVERS OF LIFE MINISTRIES LIMITED Statement of Financial Position As at 28 February 2022
The financial statements were approved by the board of directors on 04 July 2022 and were signed on its behalf by:
--------------------------------
Dr Scholastica Ndunguru KAZIDI Director
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RIVERS OF LIFE MINISTRIES LIMITED Notes to the Financial Statements For the year ended 28 February 2022
## **General Information**
RIVERS OF LIFE MINISTRIES LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 03926077, registration address 50 CUMBERLAND ROAD, CHAFFORD HUNDRED GRAYS, ESSEX, RM16 6DS
The presentation currency is £ sterling.
## **1. Accounting policies**
## **Significant accounting policies**
## **Statement of compliance**
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
## **Government grants**
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Music Instrument are depreciated at 12% Reducing Balance and Fixture and Fittings are depreciated at 6.50% Reducing Balance Method
## **2. Other operating income**
|**Other operating income**|||
|---|---|---|
|Other Charitable Income
Tithes & Offerings|**2022**
**£**
7,261
14,464
**21,725**|**2021**
**£**
16,281
12,600|
|||**28,881**|
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RIVERS OF LIFE MINISTRIES LIMITED Notes to the Financial Statements For the year ended 28 February 2022
## **3. Operating profit/(loss)**
|**2022**
**£**
The operating profit/(loss) is stated after charging:
Directors emoluments
6,600
Depreciation of tangible fixed assets
514
**Average number of employees**
There was no any employee during the period under Review
Average number of employees during the year was 0 (2021 : 0).
**Tangible fixed assets**
**Cost or valuation**
Computer
Equipment
Fixtures
and
Fittings
**£**
**£**
At 01 March 2021
2,499
468
Additions
-
-
Disposals
-
-
At 28 February 2022
**2,499**
**468**
**Depreciation**
At 01 March 2021
1,540
285
Charge for year
459
54
On disposals
-
-
At 28 February 2022
**1,999**
**339**
**Net book values**
Closing balance as at 28 February 2022
**500**
**129**
Opening balance as at 01 March 2021
**959**
**183**|**2021**
**£**
6,800
973
**Total**
**£**
2,967
-
-|
|---|---|
||**2,967**|
||1,825
513
-|
||**2,338**|
||**629**|
||**1,142**|
## **4. Average number of employees**
There was no any employee during the period under Review Average number of employees during the year was 0 (2021 : 0).
## **5. Tangible fixed assets**
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## RIVERS OF LIFE MINISTRIES LIMITED Notes to the Financial Statements
## For the year ended 28 February 2022
## **6. Debtors: amounts falling due after one year**
|Accrued Income
**Creditors: amount falling due within one year**
Trade Creditors
Deferred Grants
Other Creditors
**General Reserves**
General Reserve b/fwd
**Profit and loss account**
Balance at 01 March 2021
Profit for the year
Balance at 28 February 2022|**2022**
**£**
(3,001)
**(3,001)**
**2022**
**£**
1,130
3,092
1
**4,223**
**2022**
**£**
3,028
**3,028**|**2021**
**£**
0|
|---|---|---|
|||**0**|
|||**2021**
**£**
0
3,092
0|
|||**3,092**|
|||**2021**
**£**
3,028|
|||**3,028**|
|||**2022**
**£**
(2,742)
0|
|||**(2,742)**|
## **7. Creditors: amount falling due within one year**
## **8. General Reserves**
## **9. Profit and loss account**
## **10. Company Limited by Guarantee**
The company is limited by guarantee and therefore has no shares.
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## RIVERS OF LIFE MINISTRIES LIMITED Detailed Income Statement For the year ended 28 February 2022
|Gross profit
**Administrative expenses**
Hospitality, Event & Conferences
Training
Staff Welfare
Other Staff Costs
Directors Fees
Accountancy Fees
Consultancy, Legal and Professional Fees
Rent
Travel & Subsistence
Depreciation Charge: Fixtures & Fittings
Depreciation Charge: Computer
Equipment
Website Costs
Computer Expenses
Stationery & Printing
Telephone, Fax & Internet
Sundry Expenses
Gifts & Donations
**Other operating income**
Other Charitable Income
Tithes & Offerings
Operating profit/(loss)
**Profit/(Loss) on ordinary activities**
**before taxation**
**Profit/(Loss) for the financial year**|1,210
609
486
1,810
6,600
600
0
5,064
465
54
460
507
0
413
202
0
3,245|**2022**
**£**
**0**
(21,725)
21,725
**0**
**0**
**0**|
2,346
1,210
1,058
2,010
6,800
1,070
274
5,500
410
169
804
523
446
220
0
1
6,241|**2021**
**£**|
|---|---|---|---|---|
|||||**0**
(29,082)
28,881|
||7,261
14,464||16,281
12,600||
||||
||
|||||**(201)**|
|||||**(201)**|
|||||**(201)**|
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