## London Riverside Church 

Report of the Trustees and Financial Statements for the Year Ended 31 December 2022 

REGISTERED COMPANY NUMBER: 06590516 (England and Wales) REGISTERED CHARITY NUMBER:  1124475 



London Riverside Church 

Contents of the Financial Statements for the Year Ended 31 December 2022 

||Page|
|---|---|
|Report of the Trustees|3 to 13|
|Report of the Independent Auditor|14 to 16|
|Statement of Financial Activities|17|
|Balance Sheet|18 to 19|
|Cash Flow Statement|20|
|Notes to the Cash Flow Statement|21|
|Notes to the Financial Statements|22 to 32|
|Detailed Statement of Financial Activities|33 to 35|





## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **STRATEGIC REPORT** 

## **Organisational Structure** 

## **Senior Leadership Team** 

Spiritual leadership, oversight of its activities and future direction and strategy of the church are in the hands of a Senior Leadership Team which comprises the Lead Pastor and three others. 

## **Board of Directors** 

The organisation is managed by the Board of Directors who, with one or two exceptions, meet on a monthly basis and take decisions on financial matters and budgeting, health and safety, legal matters, safeguarding issues and goals pertaining to these matters. The ratio of non-salaried Directors against salaried Directors is 4:2. 

## **Operations** 

The organisation has 12 paid full and part time sta� that lead their various departments and enjoys the support of some 200 plus volunteers who are accountable to Departmental Leaders and ultimately the Board. Day to day operations of the church is in the hands of the full-time members of the Senior Leadership Team under the direction of the Lead Pastor. 

## **Recruitment and appointment of Trustees & Directors** 

The charity’s Board of Directors are invited to join the Board based on their appropriate professional experience and commitment to the church. The Trustees believe that this approach ensures that the management of the charity is executed by men and women of appropriate skill sets who are ‘vision-carriers’. 

In selecting new Trustees, the Board seek to identify people who regularly attend weekly services/meetings, events and activities of the church and also understand and accept the beliefs, core values, ethos and general vision of the church. 

Potential Trustees are invited to attend a series of leadership courses designed to raise their leadership awareness within the context of Biblical principles and teaching. 

New Trustees are provided with and asked to read carefully copies of the Memo and Articles of Association, latest accounts, recent minutes and suitable Charity Commission guidance such as CC10 Hallmarks of a wellrun charity; CC3 The essential Trustee and guidance notes on The Advancement of Religion for the Public Benefit. Questions are encouraged on these papers so that every Trustee is fully aware of their responsibilities. 

## **R Related Parties** 

## **a. Assemblies of God UK** 

This is the denomination that London Riverside Church belongs to. Assemblies of God is one of the largest main Pentecostal denominations in the UK. It has a membership of over 500 churches nationally with many mission’s expressions overseas. London Riverside Church has been a�iliated to Assemblies of God UK for over 70 years. Each church in this denomination is requested to donate 3% of their regular received o�erings from their members to their national o�ices in Manchester. 

Each year Assemblies of God UK hold their annual conference in May, and this was attended by the Senior Leadership Team and the Youth & Kids Pastors. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **b. Evangelical Alliance** 

London Riverside Church subscribes as a member to this group. Representing 4,000 churches across 81 denominations, including Assemblies of God UK, they are the largest and oldest body representing the UK’s two million evangelical Christians assisting them to listen to, and be heard by, the government, media and society. 

## **Objectives and Activities** 

Association as follows: 

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 think fit. 

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 time to time think fit. 

c. To advance education in such ways and in such parts of the United Kingdom or the world as the Directors from time to time may think fit. 

Our aim, as it has been for the past 95 years, is to continue to proclaim the good news of the Gospel of Jesus Christ through our activities, to assist believers to develop their relationship with Christ, to release them to reach their God given potential and to make a di�erence in a world that is increasingly broken. We believe that our church exists primarily for its, as yet, non-members and so our doors are open to anyone regardless of their circumstance. 

Simply put, our purpose for being in existence is wrapped up in our Statement of Purpose which is: 

## 

How is this achieved? 

## 

This is **DISCIPLESHIP** – activities and methods to help people **MATURE** in God. 

## **To enthusiastically declare the heart of God** 

This is **WORSHIP** – services and a lifestyle to encourage people to seek to **MAGNIFY** God. 

It is also **OUTREACH** – people taking the Gospel **MESSAGE** outside the walls of the church building to a needy world. 

## **To dynamically show the heart of God** 

This is **SERVING** – people giving out and living out a **MINISTRY** to relieve hardship. It is also **COMMUNITY** – people enjoying their **MEMBERSHIP** of our church. 

The way in which we deliver this is in an exciting and contemporary manner and we desire to do this with a spirit of excellence, honour and generosity. 

community and also our overseas related ministry involvement. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

immigration, many nationalities have made the London Borough of Barking and Dagenham their home. This is reflected in some 40 di�erent nationalities represented in our church. 

## 

At every Board meeting, our Trustees review our objectives and activities to ensure that they are consistent with our aims. In carrying out these reviews the Trustees have considered the Charity Commission’s general guidance on public benefit and in particular supplementary public guidance on the advancement of religion for public benefit. 

our town, covering ages from birth to seniors, we have provided benefit to the public and the church through such activities and have advanced the Christian faith. 

have concluded that: 

1. There is no detriment or harm arising as a result of its activities. 

4. The church’s aims continue to be overall charitable. 

## **Strategy, Performance and Achievements** 

London Riverside Church’s ministry can be looked at three-fold: (1) Sunday services and other events, (2) Community Activity, and (3) Social Action 

## _**Sundays & Midweek**_ 

The strategy for achieving these objectives is to deliver Sunday services at London Riverside Church as well as various meetings around prayer and Bible study or situational needs throughout the week. Our programme has extensive provision for children, young people, young adults, the elderly and those with special educational needs and learning di�iculties. The outcomes of this strategy are monitored by the Trustees who meet on a regular basis. 

The organisation has developed over recent years through a number of our community focused departments, and we now have a large number of agencies that we are in connection with who provide invaluable assistance and advice and will provide support and resources whenever possible to bring change to a situation. 

## **Sunday Services** 

We hold three Sunday morning services of similar worship style every week. Practical theological teaching is provided which is relevant to everyday life. Visiting speakers from elsewhere in the UK and abroad occasionally preach for us. Christmas, Easter, Mother’s and Father’s Day services are examples of services which give specific opportunities for people to bring their unchurched friends and families to experience a church service and be informed about the Christian faith. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **Sunday Online** 

Sunday Online continues to be broadcast as a regular addition to our Sunday in-person services, and we have continued to invest in the quality of production of this online content. It is available on our YouTube channel and the free weekly audio podcasts continue to be available, accessed from our website. 

## _**Community Activity**_ 

We are involved in so many exciting community activities some of which are detailed below: 

## **Party in the Park** 

After a two year break, we were thankfully able to hold this annual event, which was attended by so many from our community. 

## **Apex Youth Ministry** 

Every Friday night during school term time Apex runs a youth programme and these nights are full of community young people many of which would be on the streets if this event did not take place. Approximately 80 youth regularly attend. 

## **Tenacious Kidz** 

This event runs every Sunday morning whilst all three Sunday morning services are taking place. Kids up to age 11 attend and receive relevant age-related ministry. It is fun, and our children can’t wait to get into this every week. 

## **Tenacious on Wednesdays** 

This kids club runs every Wednesday evening for those of primary school age. It is a fun-packed programme full of music, games, competitions and a positive message. 

## **Little Footprints – Parent & Toddler Group** 

This weekly group has been very popular with local parents and runs twice a week. It provides the opportunity for parents to meet up and for their toddlers to enjoy playing together in our purpose-built kids care facilities. 

## **Connect Groups** 

Every two weeks, a number of small groups of all ages meet together in homes, in the church centre or online. Good friendships are built, and relevant discussion focused on the application of the Sunday preaching to everyday life takes place. We consider this strategy very important as the church grows so that as many people as possible can be pastorally cared for. 

## **Pastoral Care** 

The church has a Pastoral Care department that has a number of full time and volunteer sta� that are part of this ministry of meeting with people with challenges in life and also visiting many in their homes. We run a “Pastoral Surgery” where a person with particular needs requiring specialised help can access appropriate services. Referrals for this service come from the Pastoral Care Team. 

## **Ace Life** 

This is a specialised programme that has run every fortnight to help those with learning di�iculties. 

This has become well known in the town with approximately 50 people from the community attending these gatherings. The attendees enjoyed a weekend away (22[nd] – 24[th] April) including a holistic range of activities. 

## **Hope Course** 

This course o�ers help for those who have su�ered bereavement run in conjunction with local undertakers, West and Coe. A group of up to 12 people will meet on a weekly basis for 6 weeks for support and teaching. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **Navigate Course** 

The course is made up of 5 evening sessions and a day retreat. It equips attendees to deal with life-controlling habits and assists them to chart a course to freedom of living. 

## **Growth Track** 

This course is provided for people joining our church and/or who are new to the Christian faith. The four sessions repeat every second month and have continued to run via Zoom. 

Other activities such as visits to local primary and secondary schools continue. Varied activities such as pre-marriage counselling or “Potentials” younger youth leadership training courses continued to run. All are community minded and with a heart to bring significant change and enhancement to people’s lives. 

## _**Social Action**_ 

The Social Action department  was able to meet the needs of hundreds of households throughout the course of the year. The need and referals for our food bank remained constant. 

The Social Action department seeks to practically share the love of Jesus, to o�er hope to those facing di�iculties, to show dignity to every person we come into contact with and to provide or point people towards ongoing support. This is more than a ‘hand out’, but a ‘hand up’. 

This department collaborates with the local council and other external agencies and is funded through successful grant applications, individual donations from church members and the charity’s funds. 

## **Store City** 

The Store City food bank takes referrals from local agencies and provides both the necessary food and ongoing support for those facing di�iculties. 

## **Baby Bank** 

particularly those with new-borns. 

## **CAP – Life Skills** 

low income. This course is run in partnership with Christians Against Poverty. 

## **Kids’ Fun Bags** 

In partnership with Tenacious Kidz, ‘fun bags’ are given out to families who are living in hostels, facing grief, or experiencing other di�icult circumstances. They are made up of craft, toys and games to suit the ages and genders of the children in each individual family. 

## **Hostels** 

Since September 2021, a Tenacious Kidz club, has been run in a local hostel, and this has now increased to include ‘co�ee mornings’ in two hostels, bringing hope and support to those staying there. 

## **“Love the Borough”** 

This new initiative ran for its second year from the 24[th] – 26[th] June, when the weekend church services were cancelled and the church membership was mobilised to serve the community in a variety of di�erent ways such as: DIY help, Street Pastors, advice centre & café, hostels family fun day, carwash, litter-picking, etc. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **Special Fundraising Activities** 

## **“I** ♥ **the House” O�ering** 

This annual special o�ering, where people are challenged to pray, plan and give, took place on Sunday 2[nd] October. We appreciate the heart and spirit of generosity that is shown by our church members. 

## **Prayer** 

**Prayer Days** ran each month, and were a blend of both online and in person meetings where prayer for both individual and community needs took place. 

**Two 5-day Prayer Weeks** took place in January and September respectively. Early morning, lunchtime and evening prayer meetings were well attended with a mix of online and in person meetings. 

## **Missions** 

We continue to input in to Concarneau Bonne Nouveau International (CBNI), the church that we were involved in planting in Concarneau, Brittany, France, over 15 years ago. Our activity is focused primarily on leadership training and development. 

Some avenues of charitable work elsewhere in Europe were put on hold due to the war in the Ukraine, but the church leadership remained in regular contact and funds to support the ongoing work were transferred where possible. 

Trips to provide leadership development training also took place in the Middle East. 

## **Volunteers** 

Volunteers are an important resource in both our church life and all the community projects we undertake. Currently we engage over 200 volunteers. These valuable members of the church give their time and energy every week to ensure all our activities are carried out with excellence. The process of joining our volunteer group begins by attending our Growth Track course. These four sessions cover how we are structured as a church and also help individuals identify their skills, gifts and abilities and then how they could be e�ectively deployed within the many departments that we have. Before they are deployed, those who would be working with children, young people and vulnerable adults are appropriately DBS checked. This ensures that we maintain correct safeguarding procedures. 

The achievement of objectives is monitored through regular consultation. Programmes are regularly reviewed, and outcomes measured against past achievements and previously set targets. 

manage those risks. This is especially true in the areas of safeguarding, health & safety and finance where policies are regularly reviewed and updated. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **Leadership** 

## **Training & Development** 

Sta� attended the Audacious Culture Summit (February) and AoG Conference (May). We also hosted two AoG ‘Area Days’ (February & November) and were one of the Global Leadership Summit locations for the first time (December). 

The Senior Leadership Team are enrolled into the Learning Community which provides leadership team training days, twice a year, tailored to the challenges and development of medium to large size churches in the UK. 

meetings regularly include leadership training. 

## **Key Performance Indicators** 

The key performance indicators used by the Trustees are as follows: 

- The number of people attending Sunday services and various activities and meetings. 

- The number of youth and children attending our Apex and Tenacious projects. 

- The number, training, and performance of volunteers. 

- The number of people who commit their lives to follow Jesus. 

- The number of tithes, o�erings and gift donations; 

- The number of people that sign up for Gift Aid. 

- The cost e�iciency of operations. 

## **Risk Management** 

The Trustees actively review the major risks which the organisation faces on a regular basis and have drawn up a risk matrix which identifies the major risks, the likelihood of the risks happening, and the measures taken to manage them. 

arrangements are in hand, to manage the risks that have been identified. 

Adequate insurance cover is in place. Appropriate Disclosure and Barring Service (DBS) checks, supported by regularly reviewed policies are made for all who work with children, youth and other vulnerable groups within the church and all its activities. 

Under the Health and Safety at Work Act, all sta� undergo an induction course and appropriate training. Emphasis is placed on health and safety procedures, risks in the workplace and lifting and handling. The church is compliant with the Food Safety Regulation Act of 1995, which places emphasis on food hygiene and environmental health. The key checks are the temperature of chilled food and cool cabinets and refrigerators’ temperatures maintained and prescribed in this act. 

The charity has set up a fabric of accounting, recording and internal controls over recording in connection with income, expenditure, assets and liabilities. A report is presented monthly at the Board meeting and at the year end the Financial Statements are audited. 

## **Financial Review** 

The charity recorded an excess expenditure over income for the year of £76,464, (2021: £59,029). London Riverside Church management have implemented robust budgetary controls and continue to monitor costs e�ectively and e�iciently fund the activities of the church. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

**Income** – The total income for the year under review was £792,528 (2021: £727,397). This represents an increase in income of 8.95% on last year’s income. Income from tithes, o�erings and donations represent more than 50% of the total income. The “I ♥ the House” income, held on the 2[nd] October, was £76,464. 

## **Fundraising** 

fundraising is carried out in compliance with best fundraising practice. All fundraising activities follow traditional methods. During the year no professional fundraisers were employed, and no complaints or criticisms were raised concerning our fundraising activities. 

**Expenditure** – The total expenditure for the year was £773,685 (2021: £659,362). This represents an increase of 17.34% on the previous year's expenditure. 90% of our operational expenditure was spent on direct charitable activities. 

## **Reserves Policy** 

The organisation endeavours to maintain su�icient Free Reserves to always cover its liabilities and commitments. London Riverside Church’s reserves policy aims to ensure that the organisation can maximise the value of its net income without incurring unnecessary risk. The general reserves provide a level of protection to London Riverside Church to mitigate against changing financial circumstances, such as a downturn in income or unscheduled additional expenditure. 

The policy is to hold enough funds to meet three months’ operating costs of the church, excluding project costs and other community activities’ costs. 

## **Free Reserves** 

In calculating the free reserve, the Trustees restricted the special donation ‘I ♥ The House’ o�erings towards the building project and the value of the church building including the Manse is shown in the accounts. This leaves a free reserve as at 31[st] December 2022 of £218,869. The policy is reviewed in a strategic context annually, aiming at establishing an appropriate level of general reserves to meet potential short to medium term needs. 

## **Restricted Reserves** 

The total restricted reserves at 31[st] December 2022 were £1,149,319 (2021: £1,136,858). 

## **Investment Policy** 

All funds are held in cash on deposit or in interest bearing current accounts. 

The charity has no long-term investments, other than the Manse. Our cash reserves are held in a high interest-bearing deposit bank account. The interest earned is considered as a gift of the UK banking system and this supplements the community work that the charity undertakes. 

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## REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **Pay and Remuneration** 

Sta� salaries are set and agreed upon by the non-paid members of the Board of Directors following annual performance reviews with sta� by Line Managers. The Lead Pastor, who is overall responsible for the sta�, is present when discussions take place regarding salary reviews as he is in day-to-day contact with sta� but is not present when their own salary is reviewed and has no influence over their own salary level. 

## **Going Concern** 

Based on the forecast, projections and performance of the charity, the Board of Trustees is of the opinion that London Riverside Church has adequate resources to continue in operational existence for the foreseeable future. 

## **Plans for the Future** 

As detailed above, the church programme, community activity, social action involvement and missions’ strategy will continue to be developed and implemented in the coming year. 

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REPORT OF TRUSTEES – LONDON RIVERSIDE CHURCH 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered o�ice** 

London Riverside Church Parsloes Avenue Dagenham RM9 5PT 

## **Trustees** 

Mr M Overare Mr B W Gebru Mr W Okello Mrs C R Gumbiti-Zimuto Mr M Smith 

Company Secretary 

Mr M Overare 

Auditors Jacob Cavenagh & Skeet 5 Robin Hood Lane, Surrey, SM1 2SW 

Bankers METRO BANK Romford Branch Brewery Walk Waterloo Road Romford RM1 3AU 

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srATEMENT OFTRusfEES RESPONSIBILITIES
The Trustees (who are also the Directors of London Riverside Church for Ihe purpose8 of company lawl are responsible
Tor preparing the Report of th8 Trustees and the financial statements in accordance wtth applicable law and United
King(iorn Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice), including Financial Reporting
Standard 102"The Financial Reporting standard applicable in the UK and Republic of Ireland"
Company law requires the Trustees to prepare financi81 statements for e8cn financial year whlch give a true 8nd fair view
of the state of affairs olthe charttable company and of the Incoming resources and application of resources, includingthe
Income ar)d expenditure. of the charitable company for that period. In preparing those financi81 statements, the Trustees
are required to-
select suitsble accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on going concern basis unless it is inappropriate to presume that the business will
continue.
The Trustees ar8 responslble for keeping proper Becounting records whi¢h disclose with reasonable accuracy at any
time the financial position of th8 charltable company and lo enable them to 8nsure that the financial statements
comply with the Companies Act 2006. They are also responsible for sateguarding the assets of the charitable
company and hence for taking reasonable steps for the prevent￿On and detection of traud and other irregularities.
In so f8r as the Trustoes are aware..
there is no relev8nt audrt information of ￿1c￿ the chari(abl8 company's auditors are unawor8.' and
the Trustees have taken all steps th8t they oughtto have taken to make Ihemselves aware of any relevant audlt
information and to 8stsblish that the aud￿OrS are aware of that inform8tlon,
AUDITORS
The 8uditors, Jacob Cavenagh & Skeet, ￿11 be proposed for re.appointment at the forthcomlngAnnual General Meeting.
Report of the Trustees, incorporating a strategic report. approved by order of the 808rd of Trustees, 88 the company
Directors, on 27 September 2023 and signed on the Board's behalf by..
Martinsmith
Trustee

## LONDON RIVERSIDE CHURCH 

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2022 

## **Opinion** 

which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). 

- give a true and fair view of the state of the charitable company's a�airs as at 31 December 2022 and of its incoming resources and application of resources for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is su�icient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern.** 

preparation of the financial statements is appropriate. 

individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

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## LONDON RIVERSIDE CHURCH 

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2022 (Continued) 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of our audit: 

- the information given in the trustees' report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the directors’ report included within the trustees' report has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included with the trustees’ report. 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006  requires us to report to you if, in our opinion: 

- adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- 

- 

- we have not received all the information and explanations we require for our audit; or 

- and take advantage of the small companies exemptions in preparing the trustees' report and from the requirement to prepare a strategic report. 

## **Responsibilities of trustees** 

As explained more fully in the trustees' responsibilities statement, the trustees'(who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. 

## 

misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

regulations related to financial reporting legislation and we considered the extent to which non-compliance might have a material e�ect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Charities Act 2011. 

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## LONDON RIVERSIDE CHURCH 

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2022 (Continued) 

understanding of how fraud might occur, by making enquiries of management, considering the internal controls in place and discussion amongst the engagement team. 

in accounting estimates, presentation of separately disclosed items and management override of controls. 

statement disclosures to underlying supporting documentation, identifying and testing journal entries, reviewing Directors / Trustees minutes, evaluating the charity’s internal controls and challenging significant accounting estimates. 

There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 

Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed. 


**Paul Newto** ~~**n**~~ **FCA (Senior Statutory Auditor) for and on behalf of Jacob Cavenagh & Skeet Statutory Auditor** 5 Robin Hood Lane **Chartered Accountants** Sutton 

Surrey SM1 2SW 

Dated: ......................... 28 September 2023 

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## London Riverside Church 

## Statement of Financial Activities 

## (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2022 

|Notes<br>**INCOME AND**<br>**ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**Charitable activities**<br>5<br>General Funds<br>Other trading activities<br>3<br>Investment income<br>4<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>6<br>**Charitable activities**<br>7<br>General Funds<br>Other<br>**Total**<br>**NET**<br>**INCOME/(EXPENDITURE)**<br>**RECONCILIATION OF**<br>**FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED**<br>**FORWARD**|Unrestricted<br>fund<br> <br>£<br>602,590<br>7,414<br>71,060<br>-<br>681,064<br>10,003<br>664,679<br>-<br>674,682<br>6,382<br>212,467<br>218,849|Restricted<br>fund<br>£<br>111,464<br>-<br>-<br>-<br>111,464<br>-<br>99,003<br>-<br>99,003<br>12,461<br>1,136,858<br>1,149,319|Endowment<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>1,282,550<br>1,282,550|31.12.22<br>Total<br>funds<br>£<br>714,054<br>7,414<br>71,060<br>-<br>792,528<br>10,003<br>763,682<br>-<br>773,685<br>18,843<br>2,631,875<br>2,650,718|31.12.21<br>Total<br>funds<br>£<br>665,698<br>426<br>61,272<br>1|
|---|---|---|---|---|---|
||||||727,397|
||||||3,308<br>656,054<br>-|
||||||659,362|
||||||68,035<br>2,563,840|
||||||2,631,875|



17 | P a g e 



## London Riverside Church 

## Balance Sheet 31 December 2022 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>13<br>Investment property<br>14<br>**CURRENT ASSETS**<br>Debtors<br>15<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one<br>year<br>16<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS**<br>**CURRENT LIABILITIES**<br>**CREDITORS**<br>Amounts falling due after more<br>than one year<br>17<br>**NET ASSETS**<br>**FUNDS**<br>20<br>Unrestricted funds:<br>General fund<br>Restricted Funds<br>Endowment funds:<br>Endowment - Manse<br>**TOTAL FUNDS**|Unrestricted<br>Restricted<br>fund<br>fund<br> <br>£<br>£<br>162,577<br>2,367,065<br>15,000<br>-<br>177,577<br>2,367,065<br>54,604<br>-<br>27,973<br>28,279<br>82,577<br>28,279<br>(41,305)<br>(53,451)<br>41,272<br>(25,172)<br>218,849<br>2,341,893<br>-<br>(1,192,574)<br>218,849<br>1,149,319|31.12.22<br>31.12.21<br>Endowment<br>Total<br>Total<br>fund<br>funds<br>funds<br>£<br>£<br>£<br>1,282,550<br>3,812,192<br>3,831,792<br>-<br>15,000<br>-<br>1,282,550<br>3,827,192<br>3,831,792<br>-<br>54,604<br>51,764<br>-<br>56,252<br>73,097<br>-<br>110,856<br>124,861<br>-<br>(94,756)<br>(67,716)<br>-<br>16,100<br>57,145<br>1,282,550<br>3,843,292<br>3,888,937<br>-<br>(1,192,574)<br>(1,257,062)<br>1,282,550<br>2,650,718<br>2,631,875<br>218,849<br>212,467<br>1,149,319<br>1,136,858<br>1,282,550<br>1,282,550<br>2,650,718<br>2,631,875|
|---|---|---|



18 | P a g e 



The trustees acknowleuge their responsibilities for
181
ensuring that tho charitable company keeps accounting records that comply with Sections 386 8nd 387 of
the CompaniesAct2006 and
piep2ring financial statements which give a true and fair view of the state of affairs Of the charitable
company as at the end of each tinancial 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 Ihe
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
Ibl
The financial statements were approved by the 808rd of Trustees and authorised for issue on
27 September 2023
- and were signed on its behalf by-
Mr M Overare - Trustee

## London Riverside Church 

## Cash Flow Statement for the Year Ended 31 December 2022 

|||31.12.22|31.12.21|
|---|---|---|---|
||Notes|£|£|
|**Cash fows from operating activities**||||
|Cash generated from operations|1|71,786|108,229|
|Net cash provided by operating activities||71,786|108,229|
|**Cash fows from investing activities**||||
|Purchase of tangible fxed assets||(15,860)|(13,944)|
|Purchase of Fixed Asset Investment||(15,000)|-|
|Net cash used in investing activities||(30,860)|(13,944)|
|**Cash Flows from fnancing Activities**||||
|Loan Repayments||(57,771)|(71,243)|
|Net cash Used in fnancing Activities||(57,771)|(71,243)|
|**Change in cash and cash equivalents in**||(16,845)|23,042|
|**the reporting period**||||
|**Cash and cash equivalents at the**||||
|**beginning of the reporting period**||73,097|50,055|
|**Cash and cash equivalents at the end of**||||
|**the reporting period**||56,252|73,097|



20 | P a g e 



## London Riverside Church 

## Notes to the Cash Flow Statement 

for the Year Ended 31 December 2022 

|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||**Net income for the reporting period (as per the Statement of**|||
||**Financial Activities)**|18,843|68,035|
||**Adjustments for:**|||
||Depreciation charges|35,460|37,990|
||(Increase)/decrease in debtors|(2,840)|5,530|
||Increase/(decrease) in creditors|20,323|(3,326)|
||**Net cash provided by operations**|71,786|108,229|



## **2. ANALYSIS OF CHANGES IN NET DEBT** 

||At 1/1/22|Cash fow|at 31/12/22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|73,097|(16,845)|56,252|
||73,097|(16,845)|56,252|
|**Debt**||||
|Debts falling due within 1 year|(46,734)|(6,717)|(53,451)|
|Debts falling due after 1 year|(1,257,062)|64,488|(1,192,574)|
||(1,303,796)|57,771|(1,246,025)|
|**Total**|(1,230,699)|40,926|(1,189,773)|



21 | P a g e 



## London Riverside Church 

Notes to the Financial Statements for the Year Ended 31 December 2022 

## **1. ACCOUNTING POLICIES** 

## **Charity information** 

London Riverside Church is a private company limited by guarantee incorporated in England and Wales. The registered o�ice is London Riverside Church, Parsloes Avenue, Dagenham, RM9 5PT. 

## 

been prepared in accordance with the Charities SORP (FRS 102) '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) (e�ective 1 January 2019)', Financial Reporting Standard 102 'The Financial 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 Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

Grants o�ered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 

## 

|**Tangible Fixed Assets**||
|---|---|
|Computer Equipment|4 Years on straight line basis with nil residual<br>value|
|Office Equipment|5 Years on straight line basis with nil residual<br>value|
|Musical Equipment|5 Years on straight line with nil residual value|
|Fixtures & Fittings|10 Years on straight line with nil residual value|
|Motor Vehicles|5 Years on straight line with nil residual value|
|Freehold Land & Buildings|Non- DepreciatingAsset|
|Freehold Buildings|45 Years on straight line basis to residual value|



The notes form part of these financial statements 22 | P a g e 



## London Riverside Church 

Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

## **Investment property** 

changes in fair value is recognised in the Statement of Financial Activities. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Cash at Bank and in Hand** 

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations. 

## **Debtors** 

Trade and other debtors are recognized at the settlement amount. Prepayments are valued at the amount prepaid 

## **Creditors** 

Creditors are recognized where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measure reliably. Creditors are recognized at their settlement value 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

## **Pension costs and other post-retirement benefits** 

The charity operates a defined benefit pension scheme. Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

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. 

statements. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. 

The notes form part of these financial statements 23 | P a g e 



## London Riverside Church 

## Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

|**2.**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Tithes - Church|508,046|467,916|
||O�erings|65|656|
||HMRC JRSC|-|12,202|
||Gift Aid|97,861|89,951|
||Grants|27,700|35,189|
||Community Life|3,918|755|
||Building Fund|76,464|59,029|
|||714,054|665,698|
||Gift Aid received, included in the above, are as follows:|||
|||31.12.22|31.12.21|
|||£|£|
||Gift Aid|97,861|89,951|
|**3.**|**OTHER TRADING ACTIVITIES**|||
|||31.12.22|31.12.21|
|||£|£|
||Book Sales|630|29|
||Events|7,566|17,794|
||Rental Income|9,000|14,400|
||Room Lettings|52,422|28,499|
||The Source|1,442|550|
|||71,060|61,272|
|**4.**|**INVESTMENT INCOME**|||
|||31.12.22|31.12.21|
|||£|£|
||Interest Received|-|1|



The notes form part of these financial statements 24 | P a g e 



## London Riverside Church 

Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

## **5. INCOME FROM CHARITABLE ACTIVITIES** 

||||31.12.22|31.12.21|
|---|---|---|---|---|
|||Activity|£|£|
||Apex|General Funds|5,261|-|
||Tenacious Kids Care After||||
||School|General Funds|2,153|426|
||||7,414|426|
|**6.**|**RAISING FUNDS**||||
||**Other trading activities**||||
||||31.12.22|31.12.21|
||||£|£|
||Book Sales Costs||3,245|7|
||The Source Centre||6,758|3,301|
||||10,003|3,308|



## **7. CHARITABLE ACTIVITIES COSTS** 

|||Grant|||
|---|---|---|---|---|
|||funding of|||
|||activities|Support||
||Direct|(see note|costs (see||
||Costs|8)|note 9)|Totals|
||£|£|£|£|
|General Funds|601,846|-|161,836|763,682|



The notes form part of these financial statements 25 | P a g e 



London Riverside Church 

## Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

## **8. SUPPORT COSTS** 

|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Management||costs|
||Totals|||
||£|£|£|
|General Funds|71,064|90,772|161,836|
|**NET INCOME/(EXPENDITURE)**||||
|Net income/(expenditure) is stated after charging/(crediting):||||
|||31.12.22|31.12.21|
|||£|£|
|Auditors' renumeration||5,700|5,700|
|Depreciation - owned assets||35,460|37,990|



## **9. NET INCOME/(EXPENDITURE)** 

## **10. TRUSTEES' REMUNERATION AND BENEFITS** 

Key Management Personal Disclosure: 

The charity considers its key management personnel to comprise the trustees, elders, pastor and pastoral team leaders. Total key personnel benefits is £228,221 (2021: £211,148) 

The trustee, Mr M Smith, received remuneration of £41,382 (2021:£41,382) and pension contributions of £1,052 (2021:£1,052). These payments are permitted by the church’s Memorandum of Association. 

There were no other trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **11. STAFF COSTS** 

|**11.**<br>**STAFF COSTS**|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|Wages and salaries|315,495|309,265|
|Workplace Pension|6,879||
|7,119|||
|Employers National Insurance Contributions|24,500||
|24,902|||
||346,874|341,286|
|The average monthly number of employees during the year was as follows:|||
||31.12.22|31.12.21|
|All Employees|14|13|
|No employees received emoluments in excess of £60,000.|||



The notes form part of these financial statements 26 | P a g e 



London Riverside Church 

Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

|**12.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>Restricted<br>fund<br>fund<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>582,357<br>83,341<br>**Charitable activities**<br>General Funds<br>426<br>-<br>Other trading activities<br>61,272<br>-<br>Investment income<br>1<br>-<br>**Total**<br>644,056<br>83,341<br>**EXPENDITURE ON**<br>Raising funds<br>3,308<br>-<br>**Charitable activities**<br>General Funds<br>621,054<br>35,000<br>Other<br>-<br>-<br>**Total**<br>624,362<br>35,000<br>**NET INCOME**<br>19,694<br>48,341<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>192,773<br>1,088,517<br>**TOTAL FUNDS CARRIED FORWARD**<br>212,467<br>1,136,858|Endowment<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>1,282,550<br>1,282,550|Total<br>funds<br>£<br>665,698<br>426<br>61,272<br>1|
|---|---|---|
|||727,397|
|||3,308<br>656,054<br>-|
|||659,362|
|||68,035<br>2,563,840|
|||2,631,875|



The notes form part of these financial statements 27 | P a g e 



## London Riverside Church 

Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

## **13. TANGIBLE FIXED ASSETS** 

|Freehold<br>property<br>£<br>**COST**<br>At 1 January 2022<br>3,807,065<br>Additions<br>-<br>Impairments<br>-<br>At 31 December 2022<br>3,807,065<br>**DEPRECIATION**<br>At 1 January 2022<br>20,000<br>Charge for year<br>20,000<br>At 31 December 2022<br>40,000<br>**NET BOOK VALUE**<br>At 31 December 2022<br>3,767,065<br>At 31 December 2021<br>3,787,065<br>**14.**<br>**INVESTMENT PROPERTY**<br>**FAIR VALUE**<br>Additions<br>At 31 December 2022<br>**NET BOOK VALUE**<br>At 31 December 2022<br>At 31 December 2021<br>**15.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Other debtors|Fixtures<br>and<br>fttings<br>£<br>60,907<br>366<br>-<br>61,273<br>30,484<br>5,984<br>36,468<br>24,805<br>30,423|Computer<br>equipment<br>£<br>122,364<br>15,494<br>-<br>137,858<br>108,060<br>9,476<br>117,536<br>20,322<br>14,304<br>31.12.22<br>£<br>54,604|Totals<br>£<br>3,990,336<br>15,860<br>-<br>4,006,196<br>158,544<br>35,460<br>194,004<br>3,812,192<br>3,831,792<br>£<br>15,000<br>15,000<br>15,000<br>-<br>31.12.21<br>£<br>51,764|
|---|---|---|---|



The notes form part of these financial statements 28 | P a g e 



## London Riverside Church 

Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|**16.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Bank loans and overdrafts (see note 19)|53,451|46,733|
||Trade Creditors|-|5,700|
||Taxation and Social Security<br>|13,185|7,067|
||Other Creditor|28,120|8,216|
|||94,756|67,716|
|**17.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|||31.12.22|31.12.21|
|||£|£|
||Bank loans (see note 19)|1,192,574|1,257,062|



The charity holds a loan with Charity Bank, which is secured on both of the properties held by the charity: London Riverside Building, Parsloes Avenue, Dagenham and the church manse at 62 Naseby Road, Dagenham. The loan is repayable by monthly instalments until 2039 and interest was charged at 3.90% during the year. 

## **18. LOANS** 

An analysis of the maturity of loans is given below: 

|Amounts falling due within one year on demand:<br>Mortgage<br>Amounts falling due in more than fve years:<br>Repayable otherwise than by instalments:<br>Bank loans more 5 yrs non-inst|31.12.22<br>£<br>53,451<br>1,192,574|31.12.21<br>£<br>46,733|
|---|---|---|
|||1,257,062|



The notes form part of these financial statements 29 | P a g e 



## London Riverside Church 

## Notes to the Financial Statements - continued 

## for the Year Ended 31 December 2022 

## **19. OPERATING LEASE COMMITMENTS** 

At the year end the church had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows: 

|Within one year<br>Between two and fve years|31.12.22<br>31.12.21<br>£<br>£<br>191<br>2,182<br> -<br>191<br>191<br>2,373|
|---|---|



## **20. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted Fund - Building<br>Restricted – Mission<br>Restricted – Store City<br>**Endowment funds**<br>Endowment - Manse<br>**TOTAL FUNDS**|At 1/1/22<br>£<br>212,467<br>1,125,859<br>10,999<br>-<br> <br>1,282,550<br>2,631,875|Net<br>movement<br>in funds<br>£<br>6,382<br>6,664<br>-<br>5,797<br>-<br>18,843|At<br>31/12/22<br>£<br>218,849<br>1,132,523<br>10,999<br>5,797<br>1,282,550|
|---|---|---|---|
||||2,650,718|



The notes form part of these financial statements 30 | P a g e 



## London Riverside Church 

Notes to the Financial Statements - continued for the Year Ended 31 December 2022 

## **20. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted Fund - Building<br>Restricted Fund – Store City<br>Restricted Fund - Youthwork<br> <br>**TOTAL FUNDS**<br>**Comparatives for movement in funds**<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted Fund – Building<br>Restricted - Mission<br>**Endowment funds**<br>Endowment - Manse<br>**TOTAL FUNDS**<br>Comparative net movement in funds, included in the above are as follows:<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted Fund - Building<br>Restricted Fund – Store City<br>**TOTAL FUNDS**|<br>|Income<br>£<br>681,064<br>76,464<br>25,000<br>10,000<br> <br> <br>792,528<br>At 1/1/21<br>£<br>192,773<br>1,077,518<br>10,999<br>1,282,550<br>2,563,840<br>Income<br>£<br>644,056<br>68,341<br>15,000<br>727,397|Expenditure<br>£<br>(674,682)<br>(69,800)<br>(19,203)<br>(10,000)<br>(773,685)<br>Net<br>movement<br>in funds<br>£<br>19,694<br>48,341<br>-<br>68,035<br>Expenditure<br>£<br>(624,362)<br>(20,000)<br>(15,000)<br>(659,362)|Movement<br>in funds<br>£<br>6,382<br>6,664<br>5,797<br>-<br>18,843<br>At<br>31/12/21<br>£<br>212,467<br>1,125,859<br>10,999<br>1,282,550|Movement<br>in funds<br>£<br>6,382<br>6,664<br>5,797<br>-<br>18,843<br>At<br>31/12/21<br>£<br>212,467<br>1,125,859<br>10,999<br>1,282,550|
|---|---|---|---|---|---|
||||||18,843|
||||||At<br>31/12/21<br>£<br>212,467<br>1,125,859<br>10,999<br>1,282,550|
||||||2,631,875|
|||||Movement<br>in funds<br>£<br>19,694<br>48,341<br>-<br>68,035||
||||||68,035|



The notes form part of these financial statements 31 | P a g e 



## London Riverside Church 

## Notes to the Financial Statements - continued 

## for the Year Ended 31 December 2022 

## **20. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted Fund - Building<br>Restricted Fund – Mission<br>Restricted Fund – Store City<br>**Endowment funds**<br>Endowment - Manse<br>**TOTAL FUNDS**|At 1/1/21<br>£<br>192,773<br>1,077,518<br>10,999<br>-<br>1,282,550<br>2,563,840|Net<br>movement<br>in funds<br>£<br>26,076<br>55,005<br>-<br>5,797<br>-<br>86,878|At<br>31/12/22<br>£<br>218,849<br>1,132,523<br>10,999<br>5,797<br>1,282,550<br>2,650,718|
|---|---|---|---|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Income|Expenditure|Movement|
|---|---|---|---|
||||in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,325,120|(1,299,044)|26,076|
|**Restricted funds**||||
|Restricted Fund - Building|144,805|(89,800)|55,005|
|Restricted Fund – Store City|40,000|(34,203)|5,797|
|Restricted Fund – Youthwork|10,000|(10,000)|-|
|**TOTAL FUNDS**|1,519,925|(1,433,047)|86,878|



## **21. RELATED PARTY DISCLOSURES** 

The spouse of a member of key management personnel was paid a salary of £20,202 (2021:Nil) during the year.   There were no other related party transactions. 

The notes form part of these financial statements 32 | P a g e 



## London Riverside Church 

## Detailed Statement of Financial Activities for the Year Ended 31 December 2022 

|Detailed Statement of Financial Activities<br>for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Tithes - Church|508,046|467,917|
|O�erings|65|656|
|HMRC JRSC|-|12,202|
|Gift Aid|97,861|89,951|
|Grants|27,700|35,189|
|Community Life|3,918|755|
|Building Fund|76,464|59,029|
||714,054|665,699|
|**Other trading activities**|||
|Book Sales|630|29|
|Events|7,566|17,794|
|Rental Income|9,000|14,400|
|Other Income|52,422|28,499|
|The Source|1,442|550|
||71,060|61,272|
|**Investment income**|||
|Interest Received|-|1|
|**Charitable activities**|||
|Apex|5,261|-|
|Tenacious Kids Care After Scho|2,153|426|
||7,414|426|
|**Total incoming resources**|792,528|727,398|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Book Sales Costs|3,245|7|
|The Source Centre|6,758|3,301|
||10,003|3,308|
|**Charitable activities**|||
|Wages - Church|346,874|341,286|
|Carried forward|346,874|341,286|



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## London Riverside Church 

Detailed Statement of Financial Activities for the Year Ended 31 December 2022 

|Detailed Statement of Financial Activities<br>for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|**Charitable activities**|||
|Brought forward|346,874|341,286|
|Rental - Church Hall|10,635|4,053|
|Entertaining|12,541|3,159|
|Gifts|16,308|10,623|
|Productions & Evangelism|9,568|6,605|
|Events - Church|22,645|35,514|
|Computing|17,141|13,243|
|Utilities & Insurance|55,539|30,526|
|Visiting Ministries & Production|28,829|-|
|Sta� Expenses.|-|9,395|
|Contributions & Licences.|16,721|18,967|
|Communications|6,066|5,105|
|Growth Track/Seniors Events|117|132|
||542,984|478,608|
|**Other**|||
|Accommodation & Travel - Dept.|3,579|143|
|Entertainment & Catering-Department|231|607|
|Equipment & Materials.|6,716|5,371|
|Missionaries|9,803|15,600|
|Other Costs|9,039|-|
|Events' Costs|6,411|-|
|Advert & Prizes Dept|873|1,842|
|Evangelism|13,784|3,133|
|Cleaning|8,427|7,712|
||58,863|34,408|
|**Support costs**|||
|**Management**|||
|O�ice Costs.|11,145|8,652|
|Building Work|24,459|22,789|
|London Riverside School|-|48|
|Freehold property|20,000|20,000|
|Plant and machinery|2,259|6,814|
|Fixtures and fttings|5,984|5,948|
|Computer equipment|7,217|5,228|
||71,064|69,479|
|**Governance costs**|||
|Auditors' remuneration|-|5,700|
|Streamline Charges|5,216|1,780|
|Carried forward|5,216|7,480|



This page does not form part of the statutory financial statements 34 | P a g e 



## London Riverside Church 

## Detailed Statement of Financial Activities 

for the Year Ended 31 December 2022 

|Detailed Statement of Financial Activities<br>for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|**Governance costs**|||
|Brought forward|5,216|7,480|
|Accountancy and legal fees|35,241|8,882|
|Bank interest|50,315|57,198|
||90,772|73,560|
|Total resources expended|773,686|659,363|
|**Net income**|18,842|68,035|



This page does not form part of the statutory financial statements 35 | P a g e