OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← London Riverside Church

2023-12-31-accounts

Page
Report of the Trustees 3 to 11
Report of the Independent Auditor 12 to 14
Statement of Financial Activities 15
Balance Sheet 16 to 17
Cash Flow Statement 18
Notes to the Cash Flow Statement 19
Notes to the Financial Statements 20 to 29
Detailed Statement of Financial Activities 30 to 31

==> picture [28 x 10] intentionally omitted <==

==> picture [30 x 10] intentionally omitted <==

26 September 2024

==> picture [31 x 10] intentionally omitted <==

Unrestricted
fund		 Restricted
fund		 fund
Endowment		 31.12.23
Total
funds		 31.12.22
Total
funds
Notes £
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Charra activities		 2
4		 735,611
3,786		 63,461 -- 799,072
3,786		 714,054
7,414
Other trading activities 3 98,784 98,784 71,060
Total 838,181 63,461 901,642 792,528
EXPENDITURE ON
Raising funds		 5 6,023 - - 6,023 10,003
6 841,807 53,543 895,350 763,682
Total 847,830 53,543 901,373 773,685
NET
INCOME/(EXPENDITURE) (9,649) 9,918 - 269 18,843
RECONCILIATION OF FUNDS
Total funds brought forward 218,849 1,149,319 1,282,550 2,650,718 2,631,875
TOTAL FUNDS CARRIED
FORWARD 209,200 1.159,237 1,282,550 2,650,987 2,650,718

Balance Sheet
31 December 2023
Unrestricted
fund		 Restricted
fund		 fund
Endowment		 31.12.23
Total
funds		 31.12.22
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investment property		 178,575
15,000		 2,347,065 1,282,550 3,808,190
15,000		 3,812,192
15,000
193,575 2,347,065 1,282,550 3,823,190 3,827,192
CURRENT ASSETS
Debtors
Cash at bank and in hand		 14 63,336
17,124		 4.746 63,336 54,604
56,252
21.870
80,460 4,746 - 85,206 110,856
CREDITORS
Amounts falling due within
one year		 15 (64,835) (55,444) - (120,279) (94,756)
NET CURRENT ASSETS 15,625 (50,698) (35,073) 16,100
TOTAL ASSETS LESS
CURRENT LIABILITIES		 209,200 2,296,367 1,282,550 3,788,117 3,843,292
CREDITORS
Amounts falling due after
more than one year		 16 - (1,137,130) (1,137,130) (1,192,574)
NET ASSETS 209.200 1.159.237 1,282,550 2,650,987 2,650,718
18
entric ted funds: 209,200 218,849
Endowment funds:
Restitle fund - Building		 1,159,237 1,149.319
Endowment - Manse 1,282,550 1,282,550
TOTAL FUNDS 2,650,987 2,650,718
London Riverside Church
Cash Flow Statement
for the Year Ended 31 December 2023
Notes 31.12.23 3112.22
Cash fows from operating activities
Cash generated from operations		 1 55.879 71,786
Net cash provided by operating activities 55,879 71,786
Cash fows from investing activities
Purchase of tangible fxed assets
Purchase of inuestment property		 (36.810) (15,860)
(15,000)
Net cash used in inuesting activities (36,810) (30,860)
Cash fows from Financing Activities
Loan Repayments (53,451) (57,771)
Net cash used in fnancing activities (53,451) (57,771)
Change in cash and cash equivalents
the reporting period		 in (34,382) (16,845)
2 56,252 73,097
Cash and cash equivalents at the end
of the reporting period		 2 21,870 56,252
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING FROM OPERATING
ACTIVITIES
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
(Increase) in debtors
Increase in creditors		 3112.23
269
40,812
23.530
(8,732)		 31.12.22
18,843
35,460
20,323
(2,840)
Net cash provided by operations 55,879 71,786
2. ANALYSIS OF CHANGES IN NET DEBT
Net cash A411123 Cash fow At 31/12/23
Cash at bank and in hand 56,252 (34,382) 21,870
Debt
Debts falling due within 1 year
Debts falling due after 1 year		 (1152-5) 55,444
(1,993)		 (55,444)
(1,137,130)
(1,246,025) 53,451 (1,192,574)
Total (1,189,773) 19,069 (1,170,704)

==> picture [33 x 11] intentionally omitted <==

Tangible Fixed Assets
Computer Equipment valears on straight line basis with nil residual
Office Equipment 5 lears on straight line basis with nil residual
5 Years on straight line with nil residual value
10 Years on straight line with nil residual value
Motor Vehicles 5 Years on straight line with nil residual value
Freehold Land & Non- Depreciating Asset
Buildings
Freehold Buildings 45 Years on straight line basis to residual value

Tithes - Church
Offerings
Gift Aid™		 31.12.23
613,188
6,277
107,341		 31.12.22
508,046
65
97,861
Community Life
Building Fund
Legacies		 9,000
35700		 27,700
3,918
76,464
799,072 714,054
Gift aid received, included in the aboue, are as follows:
31.12.23 31.12.22
Gift Aid 107.341 97,861
107,341 97,861
OTHER TRADING ACTIVITIES
31.12.23
Book Sales
Events
Rental Income
Other Income
The Source		 3,082
21,202
15,000
25,742
33,758		 31.12.22
630
7,566
9,000
52,422
1.442
98,784 71,060

==> picture [33 x 11] intentionally omitted <==

31.12.23 31.12.22
Tenacious Kids Care After
Apex		 ereial Funds 710 5,261
School General Funds 3,076 2,153
3,786 7,414
RAISING FUNDS
Other trading activities 31.12.23
Book Sales Costs
The Source Centre		 4,539
1,484		 31.12.22
3,245
6,758
6,023 10,003
CHARITABLE ACTIVITIES COSTS
Direct Support
costs (see
General Funds Costs
226.123		 note 7)
168,927
€		 Totals
895,350

==> picture [33 x 10] intentionally omitted <==

SUPPORT COSTS
Management
Totals		 Governancecosts
General Funds 94,749 168.927
NET INCOME
Net income is stated after charging:
31.12.23 31.12.22
Auditors' renumeration
Depreciation - owned assets		 3,110
40,812		 5,700
15,460

TAFF COSTS
31.12.23 31.12.22
Wages and Salaries
Workplace Pension
Employer National Insurance Contributions		 368,778
7,862
27,441		 315,495
6,879
24,500
404,081 346,874
The average monthly number of employees during the year was as follows:
31.12.23 31.12.22
17 14

Unrestricted
fund		 Restricted
fund		 Endowment Total
funds
INCOME AND ENDOWMENTS FROM Fund
Donations and legacies 602,590 111,464 714,054
Generable activities 7,414 7,414
Other trading activities 71,060 - 71,060
Total 681,064 111,464 792,528
EXPENDITURE ON
Raising funds 10,003 - - 10,003
General reactivities 664,679 99,003 763,682
Total 674,682 99,003 773,685
NET INCOME/(EXPENDITURE) 6,382 12,461 18,843
Pot has brought forward 212,467 1,136,858 1,282,550 2,631,875
TOTAL FUNDS CARRIED FORWARD 218,849 1,149,319 1,282,550 2,650,718

12. TANGIBLE FIXED ASSETS Freehold Fixtures
and
fttings		 Computer Totals
COST property equipment
At 1 January 2023
Additions		 3,807,065 61,273
12,934		 137,858
23.876		 4,006,196
36,810
At 31 December 2023 3,807,065 74,207 161,734 4,043,006
DEPRECIATION
At 1 January 2023
Charge for year		 40,000
20,000		 36,468
7.271		 117,536
13,541		 194,004
40,812
At 31 December 2023 60,000 43,739 131,077 234,816
NET BOOK VALUE
At 31 December 2023 3,747,065 30,468 30,657 3,808,190
At 31 December 2022 3,767,065 24,805 20,322 3,812,192
13. INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2023
and 31 December 2023 15,000
NET BOOK VALUE
At 31 December 2023 15,000
At 31 December 2022 15,000
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22
Gift Aid
Other debtors		 3112.23
54,336
9,000
63,336		 54.604
54,604

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
Bank loans and overdrafts (see note 17)
Taxation and Social Security
Other Creditor		 55.444
57,650		 53,451
13,185
28,120
120,279 94,756

Bank loans (see note 17) 1,137,130 31.12.22
1.192.574

An analysis of the maturity of loans is given below:
31.12.23
Amounts falling due within one year on demand:
Mortgage		 55,444 31.12.22
53,451
55,444 53,451
Amounts falling due in more than fve years:
Repayable otherwise than by instalments:
Bank loans more 5 yrs non-inst 1,137,130 1,192,574
OVEMENT IN FUNDS movement
Net		 At
31/12/23
Unrestricted funds A11/1/23 in funds
General fund 218,849 (9,649) 209,200
Restricted funds
Restricted Fund - Building
Restricted - Mission
Restricted - Store City		 1,132,523
10,999
5,797		 9,918 5,797
111000)
Endowment funds
Endowment - Manse 1,282,550 - 1,282,550
TOTAL FUNDS 2,650,718 269 2,650,987

Income Expenditure Movement
in funds
Unrestricted funds
General fund 838,181 (847,830) (9,649)
Restricted funds
Restricted Fund - Building
Restricted Fund - Mission		 57,566
5,895		 (47,648)
(5,895)		 9,918
TOTAL FUNDS 901,642 (901,373) 269
Comparatives for movement in funds
At 1/1/22 movement
in funds
Net		 31/12/22
At
Unrestricted funds
General fund 212,467 6,382 218,849
Restricted funds
Restricted Fund - Building 1,125,859 6,664 1,13,2523
Restricted Fud More city 10,999 5,797 10,999
5,797
Endowment funds
Endowment - Manse 1,282,550 - 1,282,550
TOTAL FUNDS 2,631,875 18,843 2,650,718
Comparative net movement in funds, included in the above are as follows:
Income Expenditure Movement
in funds
Unrestricted funds
General fund 681,064 (674,682) 6,382
Restricted Fund - Building
Restricted - Store City
Restricted - Youth Work		 76,464
25,000
10,000		 (69,800)
(19,203)
(10,000)		 6,664
5,797-
TOTAL FUNDS 792,528 (773,685) 18,843

Within one year 31.12.23- 31.12.22-
Between two and fve years 191

==> picture [33 x 10] intentionally omitted <==

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
INCOME AND ENDOWMENTS
Donations and legacies
Tithes - Church		 613,188
6,277		 508,046
65
Grants
Gift rings		 107,341
5,700
57,566
9,000		 97,861
27,700
3,918
76,464
799,072 714,054
Other trading activities
Book Sales
Events
Rental Income
Other Income
The Source		 3,082
21,202
15,000
25,742
33,758		 630
7,566
9,000
52,422
1,442
98,784 71,060
Charitable activities
Tenacious Kids Care After School
Apex		 710
3.076		 5,261
2,153
3,786 7,414
Total income resources 901,642 792,528
EXPENDITURE
Other trading activities
Book Sales Costs
The Source Centre		 4,539
1,484		 3,245
6,758
6,023 10,003
Charitable activities
407,033 346,874
Entertaining
Gifts
Productions & Evangelism
Carried forward
Renge - Church Hall		 5,512
42,305
20,026
187.25		 10,635
12,541
16,308
9,568
395,926
Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
Charitable activities
Brent -Cruard
Crities i Insurance
Contion Levoduction		 487,121
5,849
16,989
70,263
1,685
30,389
18,619
3,858		 395,926
22,645
17,141
55,539
28,829
16.721
6,066
Grouth Track/Seniors Events 117
634,773 542,984
Missionaries Materials.
Advert & Prizes Dept
Antera modenie arening- Dept.		 4,571
16.749
1,431
33.505		 3,579
231
6,716
9,039
6,411
873
Evangels m 11,654
9,836		 13,784
8,426
103,290 58,862
sure cat
compeser equipment		 19,855
22,441
20,000
9,500
7,271
4,041		 11,145
24,459
20,000
2,259
5,984
7,217
83,108 71,064
Governance costs
Trustees' expenses 150
3,110
Stanian an egal es 2,088
19,539
49,291		 35,241
50,315
74,178 90,772
Total resources expended 901,372 773,685
Net income 269 18,842