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|---|---|
|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|
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26 September 2024
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|||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)|
##
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|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|
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##
|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|
##
##
||||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|
##
##
|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|
##
|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|