London Riuerside Church Report of the Trustees and Financial Statements f or the Year Ended 31 December 2024 REGISTERED COMPANY NUMBER: 06590516 (England and Wales) REGISTERED CHARITY NUMBER: 1124475 *AEC7BWSG• 3010912025 COMPANIES HOUSE A59
237
for the Yea ded 310ecember 2024 Page Report of the Trustees Report of the Independent Auditor Statement of Financlal Activities 3 to 11 12 to 14 15 Balance Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the Flnanclal Statements 19 to 28
Registered offlce London Riverside Church Parsloes Avenue Dagenham Essex RM9 5PT Trustees Mr M Ouerare Mr 8 W Gebru Mr W Okello Mrs C R Gumbiti-zimuto Mr M J Smith Mr G Wheeler Company Secretary Mr M Overare Audltors Xeinadin Audlt Llmlted 5 Robin Hood Lane Sutton Surre SM12 8ankers Metro 8ank Romford Branch Brewery Walk Waterloo Road Romford. RMI 3AU 3 |Page
Organisational Structure Senlor Leadershlp Team Sptritual leadership. ouersight of Its actiuities and future direction and strategy of the church are in the hands of a Senior Leadership Team which comprises the Lead Paslor and three others. Board of Oireclors The organisation is managed by the 8oard of Direclors who. wilh one or two exceptions, meet on a monthly basis and take decislons on financial matlers and budgeting. health and safety. legal matters, safe9uardin9 issues and goals pertaining to these matters. The ratio of non-salaried Directors against salaried Directors is Operations The organisation has17 pald full and part time staff that lead their uarious departments and enjo sthe support of some 200 plus uolunteers who are accountable to Oepartmental Leaders and ultimateyy th Board. Oay to dai. operations of the church is in the hands of the full-time members of the Senior Leadership Team under the Irection of the Lead Pastor. Recruitment and a The Trustees are se pointment of Trustees 8 Directors out on page 10 of these financial statements. The charity's Board of Directors are invited to join the Board based on their appro riate professional experience and commitment to the chuTch. The Trustees belieue that this approac ensures that the management of the charity is executed by men and women of appropriate skill sets who are 'vision- carriers,. In selectln new Trustees. Ihe 8oard seek to Identlfy people who regularly attend weekly services/meetlngs. events an actluities of Ihe church and also understand and accept the bellefs, core ualues. ethos and general vision of the church. Potential Trustees are invited to attend a series of leadershlp courses designed to raise thelr leadership awareness wlthln the context of Biblical prlnclples and teaching. New Trustees are prouided with and asked to read carefully copies of the Memo and Articles of Association. latest accounts, recent mlnutes and suitable Charlty Commission uidance such as CCIO Hallmarks of a well- run charlty: CC3 The essentlal Truslee and guldance notes on The duancement of Religion for the Public 8eneflt. Questions are encouraged on these papers so that euery Trustee is fully aware of their responslbilltles. Related Parties a. Assemblles of God UK This is the denomination thal London Rluerslde Church belongs to. Assemblies of God is one of the lar9est main Pentecostal denominations in the UK. It has a membership of over 500 churches nationally with many mission's expresslons ouerseas. London Riverside Church has been affiliated lo Assemblles of God UK for over 70 years, Each church in this denomination is requested lo donate 3% of their regular received offerings from their members to thelr national offices In Manchester. Each year Assemblies of God UK hold their annual conference in May and thls was attended by the Senior LeadeTship Team and the Youth S Kids Pastors, b. Evangellcal Alllance London Riverside Church subscribes as a member to this grour. Representing 4,000 churches across 81 dpnorninations. Includin Assemblies of God UK, they are the ar est and oldest body represenllng the UK'S two million evangelical C ristians assisting them to listen to. an2be heard by. the gouernrnent, media and society. Oblecllves and Actlulties The objectives of the company and charity are for the benefit of the pubic and are set out in its Mernorandum of 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 Oirectors from time to time may think fit. b, To relleue sickness and financial hardship and to proniote and preserue good health by the prouision of funds, oods or seruices of any kind includin through the prouision of counsellin parts o the United Kingdom or the world as t e Directors from lime to time think P and support in such c. To advance education In such ways and in such parts of the United Kingdom or the world as the Directors from time to ttme may think fit. 4 |Pa8e
Our alm. as il has been for the past 97 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 thelr God giuen potential and to make a difference In a world that is increasingly broken, We belLeue that our church exists prlmarily for its. as yet. non-members and so our doors are open to anyone regardless of thelr clrcumstance. Our Vision To extend our reach To see altenders becomlng Chrlst-Followers To see leaders deueloped to thelr full potential Our Core Values We are... Relational We journey life together as God's multlgeneratlonal. intercultural famlly. Empowerlng We equlp and release people Into their calllng. Generous We look for Ihe opporlunities to glve and not withhold our loue, encouragement and possesslons. Passlortate We don't have to, we get to! If It's worth dolng. let's do It with all of our hearts. Full of Faith We expect great thln9s from God and attempt great thlngs for Godl Our objectlues are Set to reflect our falth and our passion primarlly In our multicultural and multlgeneratlonal local communlty and also our overseas related ministry tnuolvement. We LLiork In parlnership with other local a encles for the beneflt and im rouement of our town. With hlgh Immi ratlon, many nationalities have ma e the London Borough of Bar is refPected In ouer 40 dlfferenl natlonalltles represented In our church. in9 and Dagenham their honie. This Publlc Ben{t At euery Board meetin9, our Trustees reulew our objecliues and activities to ensure that they are consistenl with our aims. In carryin out these reviews the Trustees haue considered the Charlty Commisslon's general uldance on public bene or publlc benefit. It and in partlcular supplementary publlc guldance on the advancement of religion The Trustees are confident that with the huge varlety of our mlnlstrles reachlng Out to all soclo-economic strata of our town. covering ages from birth to seniors. we have rouided benefit to the public and the church through such actiuities and have aduanced the Chrtstian ailh. In conjunction with the uidance contalned in the Charlty Cornmission's guidance on publlc beneflt the Trustees haue conclude thal: l. There Is no detriment or harm arising as a result of its activities. 2. The benefits are for the public. 3. The church's minlstry glues Identlflable charitable beneflts. 4. The church's alms conlinue to be overall charitable. 5 IPag¢
strategy. Performance and Achieuements London Riverside Church's minlstry can be looked at three-fold: (l) Sunday servlces and other events. (2) Community Actiuity, and (3) Community (Social) Action Sundays & Midweek The strategy for achieuing these objectiues is to deliver Sunday services at London Riuerside Church as well as uarious meetings around prayer and Bible study or situational needs throughout the week. Our programme has extenslue provision for chlldren, young people, youn special educational needs and learning difficulties. The outcomes of t adults. the elderly and those with Trustees who meet on a regular basis. is strategy are monitored by the The organisation has deueloped ouer recent years through a number of our community focused departments, and we now haue a lar inualuable assistance and adulce an e number of agencies that we are in connection with who prouide wlll provide support and resources whenever posslble to bring change to a situation. Sunday Serulces In order to accommodate grow(ng attendance, we increased our Sunday morning seruices from three to four. beginning at Easter (31st March). They are all of a similar worship st le and practical theological teaching is prouided which is releuant to everyday life. Vlsiting speakers rom elsewhere in the UK and abroad occasionally preach for us. Christmas. Easter. Mother's and Father's Da services are examples of services which glue specific opportunities for people to bring their unchurched riends and families to experience a church serulce and be informed about the Christian faith. New Locatlon On the 22nd September. a weekl Sunda servlce was launched at the new and growlng houslng et deuelopment at Barking Riuersil. Ker with a weekly parent & toddler group (both held in rented halls) we are beginning to serue Ihe needs o this new commun ty. Sunday Onllne Sunday Online continues to be broadcast as a regular addltlon to our Sunday in-person serulces. and we haue continued to Invest In the uallty of production of this online content. It Is available on our YouTube channel and the free weekly au io podcasts continue to be available. accessed from our website. Communlty Actlulty We are inuolved In so many excltlng communlty actlultles some of whlch are detalled below: Sunday Funday As a variation of our Party in the Park event, we held a 'Sunday Funday. {21st July) whlch was attended and enjoyed by many from our communlty. Apex Youth Mlnlstr Every Friday night uring school term tlme Apex runs a youth pro community youn8 people many of which would be on the streets i Approxlrnately 8 youlh regularly attend. Tenacious Kidz This event runs every Sunday mornlng whllst all three Sunday mornlng services are taklng place. Klds u a9e11 attend and receive releuant age-related ministry. It is fun. and our children can't wait to get into t every week.. Tenacious on Wednesdays This kids club runs euery Wednesday euening for those of primary school age. It Is a fun-packed programme full of music. games, competitions and a positiue message. Llttle Footprlnts- Parent S Toddler Group This weekly Iroup has been very popular Luith local parents and runs four tlmes a week. It provides the opportunity or parents to meet up and for their toddlers to enjoy playing together In our purpose-buill klds care facilities. ramme and these ni hts are full of this event did not tate place. to is Connect Groups Euery 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 eueryday life takes place. We consider this strategy uery important as the church grows so that as many people as possible can be pastorally cared for. 6 IPage
Pastoral Care The church has a Pastoral Care department that has a number of full time and volunteer staff that are part of this minlstry of meetlng wlth people u>ith challenges In Ilfe and also visitin9 man in thelr homes. We run a Pastoral Surger where a person with seruices. Referra s for this seruice come articular needs requiring specialised he rom the Pastoral Care Team. p can access appropriate Ace Llfe This is a specialised rogramme that has run every fortn¢ght to help those with learnlng difficultles. This has become wefi known in Ihe tOLvn wlth approxlmatel 50 peo le from the community attendln Ih Aprll) fncludlng a hollstlc range of actlv gatherings. The attendees enjoyed a weekend away (121h_1 Hope Course Thls course offers help for those who have suffered bereauement run in conjunction with local undertakers, West and Coe. A group of up to12 people will meet on a weekly basis for 6 weeks for support and teaching. Ihese tles. Navlgate Course The course is made up of 5 evening sesslons and a day retreat. It equips attendees to deal wilh life- conlrolling hablts and assists them to chart a course to freedom of liuing. Growth Track This course is provided for people joinin sessions repeat every second month an other actlulties such as ulslts to local primary and secondar schools contlnue. Varied actlultles such as pre- marriage counselllng or "Potentials" younger youth leaders ip Iralning courses continued to run. All are community minded and wlth a heart lo bring si9nlflcant change and enhancement to people's liues. our church and/or who are new to the Chr15tian falth. The four have continued to run via Zoom. Soclal Actlon The Soclal Actlon de of the year. The nee The Social Actlon department seeks to practlcally share the loue of Jesus. to offer ho difficulttes, lo show dignit to every person we come into contact with and to proui towards ongolng support.lhls Is more than a 'hand out., bul a 'hand up.. Thls department collaborates with the local councll and other external agencies and is funded through successful grant applications. Indlvidual donations from church members and the charity's funds. store Clty ,The Store Clty food bank takes referrals from local a9encles and provldes both the necessar ongolng support for those facing dlfficultles. This project also has the means to help young in our communlty. particularly by prouiding prouislons for those wlth new-borns. CAP- Llfe Skills CAP - Life Skills Is a f riendly roup that glues people the confldence and declslon-maklng skills they need to surulve Ilfe on a low income.lhls course Is run In partnership with Christians Agalnst Pouerty. Hostels Since September 2021. a Tenaclous Kidz club, has been run in a local hostel, and this has now Increased lo kids clubs or'coffee mornings. in all four council-run hostels In the borough, bringing hope and support to those In difflcult circumstances. artment was able to meet the needs of hundreds of households throughout the course and referrals for our food bank remained constant. e to those facing e or point people food and amllies In need "Love the Borough" This initiatiue ran for Ils fourth year from the 7th-9th June. when the weekend church services were cancelled and the church membership was mobilised to serve the communtty in a variety of different ways such as: DIY help. Help the Homeless. advice centre 8 café. hostels family fun day. carwash, litter-picking. etc. Special Fundralslng Actlvities "i • the House" Offerlng This annual special offering. where people are challen9ed to pray. plan and gltse. took place on Sunday 6th October. We appreciate the heart and spirit of generosity that is shown by our church members. 7 |Page
Prayer Prayer Days ran each month, and were a blend of both online and In person meetings where prayer for both indiuidual and community needs took place. TU 5-day Prayer Weeks took place in January and September respectiuely. Early morning. lunchtime and euening prayer meetings were well attended with a mix of online and In person meetings. Mlssions We continue to input in to Concarneau Bonne Nouueau International (CBNI), the church that we were inuolved in plantlng in Concarneau, Brittany, France. over17 years ago. Our actiuity is focused prlmarily on leadership training and development. Some avenues of charitable work elseLuhere in eastern Europe remained on hold due to the war In the Ukraine, but the church leadership remained in regular contact and fund5 to support the ongoing work were transferred where possible. We continue our close ties with Watoto Childcare Minlstries (uganda). and hosted their Children's Choir concerts (21st April). Volunteers Volunteers are an Important resource In both our church life and all the communlty pro ects we undertake. Currently we engage over 200 uolunteers. These valuable members of the church glue t eir time and energy euery week to ensure all our activities are carrled out with excellence, The process of jolning our uolunteer group begins by atlendlng our Growth Track course..These four sessions cover how we are structured as a church and also help indiuiduals identify their skills, gifts and ab¢lities and then how the deployed withln the many departments that we have. Before they are deployed. those LV could be effectiuely o would be working wlth children, oung eople and vulnerable adults are appropriately DBS checked. This ensures that we maintain correct sa eguar ing procedures. The achleuement of objectlues is monltored through regular consultation. Programmes are regularly reviewed. and outcomes measured against past achieuements and previously set targets. The major risks as identified b the Trustees have been reviewed and s establlshed to manage those rysks. This is especially true in the areas o stems and procedures have been flnance where pollcies are regularly reulewed and updated. safeguarding. health 8 safety and Leadership Tralnlng 8 Development Staff attended the AOG Conference (May) and we were also one of the host locations for the Global Leadershlp Summlt (9th November). The Senlor Leadership Team are enrolled Into the Learning Community which tralnlng days, twice a year. tallored to the challenges and development of me the UK. rouldes leadershi ium to large slze c team urches In staff and volunteer leaders also attend speciflc tralnlng days sulted lo their area of responsibility and the weekly staff meetings regularly include leadership trainin9. Key Performance.Indicalors The key performance Indlcators used by the Truslees are as follows: The number of people attending Sunday serulces and uarious actiuities and meetings: The number of youth and children attending our Apex and Tenacious projects: The number. trainin and perforniance of volunteers: - The number of peop e who commit their lives to follow Jesus: The amount of tilhes, offerlng5 and gift donations: The number of people that Slgn up for Gift Ald; The cost efficiency of operations. 8 |Pa8e
Rlsk Management The Trustees actiuely review the major risks Lvhich the or up a risk matrix which identifles the major risks, the likelt taken lo manage them. The Trustees review this risk matrix regularly at their meetings. The Trustees are satisfled that systems are in place, or arrangemenls are in hand. to manage the risks that have been identified. Ade uate Insurance cover is In place. Appropriate Disclosure and Barring Service (OBS) checks, supported by 1arly reuiewed policies are made for all who work with children. youth and other vulnerable groups regu within the church and all its activities. anisatlon faces on a regular basis and have drawn ood of the risks happening. and the measures Under the Health and Safet at Work Act. all staff undergo an Inductlon course and appro rlate training. Emphasis is placed on healt and safety procedures. risks in the workplace and lifting an handling. The church is compltant with the Food Safetk Regulation Act of 1995, which laces emphasis on food hyglene and enulronmental health. The key chec s are the temperature of chllle Ifood and cool cabinets and refrigerators. temperatures maintained and prescribed in this act. The charity has set u with Income. expen a fabric of accounting, recording and internal controls over recording in connection Iture, asset5 and Ilabllltie5. A report Is presented monthly at the 8oard meellng and at the year end Ihe Financlal Statements are audlted. Flnanclal Revlew The charity recorded an excess income over expenditure for the year of £269 (2023 a sur London Riuerside Church mana9ement have implemented robust bud etar controls an monitor costs in an effort lo effectively and efflciently fund the actlult eso the church. Incomlng Resources- The total income for the year under review wa5 £901.642 {2023: £792,528). This represenls an increase In income of 13.8% on last year's Income. Income from Ilthes, offerings and donatlons represents more than 69% of the total Income. The "I V the House" Income. held on the 1st October. was £57.566. lus of £18.843). contlnue to Expendllure- The total expendlture for the year was Eg01,373 (2023.. £773.685). Thls represents an Increase of 16.5Vo on the prevlous year's expenditure. 90% of our operational expenditure was spenl on direct charitable actluitles. Reserues Pollcy The or9anisation endeauours to maintain sufficlent Free Reserves to alwa s cover ils liabilitie5 and commitrnents. London Rluerslde Church's reserves pollcy alms lo ensure tlat the organisatlon can maxlmlse the ualue of Its net Income without incurrlng unnecessary risk. The general reserves provlde a leuel of protectlon to London Riuerslde Church to miti downturn in income or unscheduled additiona ate against changlng financial circumstances. such as a expenditure. is to hold enough funds to meet three months, operatlng costs of the church, excluding project other community activlties. costs. Free Reserves The pollc costs an In calculating the free reserue, the Trustees restricted the special donation '1 V The House. offerlngs towards the buildlng project and the value of the church buildlng includln9 the Manse Is shown in the accounts. Thls leaves a free reserve as at 31SI December 2024 of £151.634. The policy is revlewed in a strate ic context annually, aiming at establishlng an appropriate level of general reserues to meet potential s ort to medium term needs. Restrlcted Reserves The total restrlcted reserves at 31$1 December 2024 were £l.159.237 (2023: £1,149.319). Investment Policy All funds are held in cash on deposit or in interest bearing current accounts. 9 |Page
The charity has no long-term Investments. other than the Manse. Our cash reserves are held in a high interest-bearlng deposit bank account. The interest earned is considered as a gift of the UK banklng system and thts supplemenls the community work that the charity undertakes. Pay and Remuneration Staff salaries are set and agreed upon b the non-paid members of the Board of Directors followin annual performance reviews with slaff by Line ana9ers. The Lead Pastor. who is ouerall responsible for t e staff. Is present when discussions take place regardin is not present when their own salary Is reuiewe salary reviews as he Is In day-to-day contact with staff. but and has no Influence ouer Iheir own salary leuel. Goln9 Concern Based on the forecast. projections and performance of the charlty, the Board of Trustees is of the oplnion that London Riverside Church has adequate resources to conlinue in operational existence for the foreseeable future. Plans for Ihe Fulure The organisation wlll continue work to achieve its core objectives as the Truslees see fll. As detailed above. the church prograrnme, communlty actlulty. soclal actlon Inuoluement and mlsslons, strategy will continue to be deueloped and implemented in Ihe coming year.
STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also Ihe Directors of London Rluerside Church for the purposes of company law) are res onsible for preparing the RepoTt of the Trustees and the financial statements in accordance Luith applicable law an United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accountin Practice), Includin Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK an Republic of Irelan Compan law requires the Trustees to pre are financial statements for each flnancial year u)hich glue a true and fair view of t e slate of affairs of the charltabr e COTnpan and of the incomlng resources and application of resources. including the income and expenditure, of the charita le company for Ihat period. In preparing those financial statements. the Trustees are required to- select suitable accountlng pollcles and then apply them consistently. obserue the melhods and prlnclples In the Charity SORP. make judgements and estlmates that are reasonable and prudent. prepare the financial statements on going concern basis unless it is inappropriate to presume that the business wlll contlnue. The Trustees are responsible for keeping pro er accounting records whlch disclose with reasonable accuracy at any time the flnanclal positlon of the charita le company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable syeps for the prevention and detection of fraud and other irregularitles. In so far as the Trustees are aware: there Is no relevant audit information of which the charltable company's auditors are unaware: and the Truslees haue taken all steps that they ought to have taken lo make themselues aware of any relevant audll Information and to establish that the audltors are aware of that Information. AUDITORS The auditors. Xeinadin Audlt Limited, will be proposed for re-appointmenl at the forthcomlng Annual General Meeting. The trustees. report was approved by the Board o repared in accordance with the special proulslons relating to small companies and Trustees on 23 Seplember 2025. Walter Okello Trustee
LONDON RIVERSIDE CHURCH REPORT OF THE INDEPENDENT AUOITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 Opinion We have audited the financial slatemenls of London Riverstde Church Ithe 'charily') for the year ended 31 December 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Statement of Cash Flows and the noles 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 Standardapplicable in the UK andRepublic of Ireland(United Kingdom Generally Accepled Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 December 2021b 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. Basls for oplnion 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 lor the audit of the financial stalemenls section of our report. We are independent of the charitable company in accordance with Ihe 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 olher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have abtained is sufficient and appropriate to provide a basis for our opinion. Conclu•lons r•latlng lo golng conc•rn In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in Ihe pr•paration of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least 12 months from when Ihe financial slaternenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Olher Informalion The other information comprises the informalion included in the annual report, including the truslees, report, olher than the financial statements and our auditorfs report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the f inancial statements does not cover the other information and. except to the exlent otherwise explicitly staled in our report. we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so. consider whether the other inf ormation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audil, or otherwise appears to be materially misstated. If we identify such material inconsistencie5 Qr apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial staternents themselves. If. based on the work we have performed, we conclude that there is a material misslalement of this other information, we are required lo report that fact. We have nothing lo report in this regard.
LONDON RIVERSIDE CHURCH REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 (Continued) Opinions on other matters prescrlbed by the Companies Acl 2006 In our opinion. based on the work undertaken in the course of our audit: the information given in Ihe truslees, report, which includes Ihe directors. report prepared for the purposes af company law, for the financial year for which Ihe financial statemenls are prepared is con5i5tent with the financial statements; and the direclors. report included within the trustees, report has been prepared in accordance with appticable legal requirements. Malters on whlch we are required to report by exception In the light of the knowledge and understandin9 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 respecl 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 the financial statement5 are not in agreement wilh the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all.the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies regirne and take advantage of the small companies exemptions in preparing the truslees, report and from the requirement to prepare a strategic report. Responsibililies of trustees As explained more fully in the Irustees, responsibilities stalement, the trustees'(who are also the directors of the charilable company for Ihe purposes of company law) are responsible for the preparation of the financial statements and for being satisfied thal 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 misslalement, whether due lo fraud or error. In preparing Ihe financial statements, the trustees are responsibte for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either inlend to liquidate the company or to cease operations. or have no realistic alternative but to do so. AudiloVs responsibllltles tor the audll of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report Ihat includes our opinion. Reasonable assurance is a high level ol assurance. bul is nol a guaranlee that an audit conducted in accordance with ISAS (UK) will always detect a material rni55tatemenl when it exists. Misstatements can arise from Iraud or error and are considered material if. individually or in the aggregate, they could reasonably be expecled to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below: Based on our understanding of the company. we identified that the principal risk5 of non-compliance with laws and regulation5 related to financial reporting legislation and we considered Ihe extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial staternenls such as Ihe Companies Act 2006 and Charities Act 2011.
LONDON RIVERSIDE CHURCH REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF LONDON RIVERSIDE CHURCH FOR THE YEAR ENOED 31 DECEMBER 2024 (Continued) We assessed the susceptibility of the company's financial statements to material misstatemenl. including obtaining an understanding of how fraud mighl occur. by making enquiries of managernent. considering the internal controls in place and discussion amongst the engagement team. We determined that the principal risks were related to identification of restricted income and expenditure. management bias in accounting estirnates. presentation of separately disclosed iterns and management override of controls. In response to the risks identified we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation. identifying and testing journal entries. reviewing Directors / Trustees minutes. evaluating the charitys internal controls and challenging significant accounting estimates. There are inherent limitations in the audit procedures described above. The more removed that laws and regulalions are from financial transactions, the less likely il is that we would become aware of non-compliance. Material misstalements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description ol our responstbilities for Ihe audit of the f inancial staternents is located on the Financial Reporting Council's website al: http://www.trc.or9.uk/auditorsresp.onsibilities. This description forms part of our auditorfs report. Us? of our report This report is made solely to Ihe charitable company's members, as a body. in accordance with Chapler 3 01 Part 16 of the Companies Act 2006 and regulations made under Ihat Act. Our audit work has been undertaken so that we mighl stale to Ihe charilable companvs Members those matters we are required to state to Ihern in an auditors, report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other Ihan the charitable cornpany and ils members as a body. for our audit work, for this report, or for the opinions we have formed. P•ul Newton FCA (Senlor Statutory Audltor) for and on behalf of Xeinadln Audlt Llmiled Statutory Audltor Charlered Accounlants 5 Robin Hood Lane Sutlon Surrey SMI 2SW Dated: 29 September 2025
hurch Statem t of Financial ct n Income and Ex or 31.12.24 Total funds 31.12.23 Total funds .Unrestricted funds Restricted funds Endowment funds Noles INCOME AND ENDOWMENTS FROM Donations and legacies 670,393 147,092 817,485 799.072 Charltable actlvllles General Funds 21.894 21.894 3.786 other trading activities 192.951 ' 192.951 98,784 Total 885,238 147.092 1.032.330 901,642 EXPENDITURE ON Raising funds Charllable actlvltles General Funds 23.061 23.061 6.023 859.758 104.121 963,879 895.350 Total 882,819 104.121 986.940 901.373 NET INCOME 2,419 42,971 45.390 269 TRANSFERS BETWEEN FUNOS 6.169 16.169) NET MOVEMENT IN FUNDS 8.588 36.802 45.390 269 RECONCILIATION OF FUNDS Tolal funds brought forward 209,200 1.159.237 .282.550 2,650,987 2,650,718 TOTAL FUNDS CARRIED FORWARD 217.788 1.196.039 .282.550 2.696,377 2,650.987 The notes fom) part of these financial statements
Lond e Sheet 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted fund Endowment fund Notes FIXEO ASSETS Tangible assets Inuestrnent property 12 13 170.478 15,000 2.332.258 1.282.550 3.785,286 15.000 3,808,190 15.000 185.478 2.332.258 1,282,550 3.800,286 3,823,190 CURRENT ASSETS Oebtors Cash at bank and In hand 14 55.465 45.113 55.465 46.024 63.336 21,870 100,578 101,489 85,206 CREDITORS Amounts falling due withln one year 15 (68,268) (57.773) (126.041) (120.279) NET CURRENT ASSETS 32.310 (S6.862) {24.552) (35.073) TOTAL ASSETS LESS CURRENT LIABILITIES 217.788 2.275.396 1.282,550 3.775.734 3.788,117 CREDITORS Amounts falling due after more than one year 16 (1.079.357) (1.079.357) (1,137.130) NET ASSETS 217.788 1.196.039 1,282,550 2,696.377 2,650.987 FUNDS Unrestricted funds: General fund Reslricted funds Endowment funds 18 217,788 1,196.039 1,282,550 209,200 1,159.237 1,282,550 TOTAL FUNDS 2.696.377 2.650,987 These flnanclal statements haue been prepared In accordance wlth the speclal proulslon of part 15 of the Companies Act 2006 relating to small companies The financial statements were approved by the Board of Trustees and authorlsed for Issue on 23 September 2025 and were signed on its behalf by; Mr W Okello- Trustee The notes form pan of these financial statements
Rluerside Ch Cash Flow State f rth Year Ended31 Oe 31.12.24 31.12.23 Notes Cash flows from operalin9 actlvltles Cash generated from operations Net cash provided by operatlng actiultles 99,600 55.879 99.600 55.879 Cash flows from investing actiiiltles Purchase of tangible fixed assets Purchase of inuestment property Net cash used In investing actiultles (20,002) (36.810) (20,002) (36.810) Cash flow5 f rom Flnanclng Actlvltle$ Loan Repayments (44]) Net cash used in financing activitles Change In cash and cash equlvalents In Ihe reportlng perlod Cash and cash equivalents at the beglnnlng of the reportlng perlod Cash and cash equivalents at the end of the reportlng perlod 24,154 134.382) 21.870 56.252 46.024 21.870 The notes forni part of these financial staiements 17 |Page
on Riverside Ch Note heca Flow S tement RECONCILIATION OF NET (EXPENOITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net income for the reportin9 period (as per the Statement of Financlal Actlullies) Adjustments for: Depreciation charges (Increase) in debtors Increase in creditors 45,390 269 42.906 7,871 3,433 40.812 18.732) 23.530 Nel cash provlded by operatlons 99.600 55,879 ANALYSIS OF CHANGES IN NET OE8T At 111/24 Cash flow At 31/12124 Net cash Cash at bank and In hand 21.870 24,154 Oebt Oebts falllng due wlthln l year Debts falling due after l year 155.444) {1,137.130) (2,329) 57.773 (57.773) (1,079.357) (1,192.574) 55.444 (1.137.130) Tolal (1.170.704) 79,598 (1.091.106)
Not for tatements ecember 2 rEn ACCOUNTING POLICIES Charlty Information London Riverside Church is a private company limited by guarantee incorporated in England and Wales, The registered o ice is London Rlverslde Church, Parsloes Auenue, Oagenham. RM9 5PT. Basis of preparlng the financial staternenls The flnancial stalemenls of the charitable company, whlch Is a publlc beneflt entlty under FRS102. have been Charitles: Irepared in accordance with the Charities SORP (FRSIO?) 'Accounting and Reporting by tatement of Recommended Practice a plicable to charities preparin their accounts in accordance with the Flnancial Reporting Standar lic of Ireland (FRS 102) (effective l Januar appllcable in the UK an 2019), Financial Reporting Iplicable in the UK and Repu tandard102 The Financial Reportlng Standard Republic of Ireland. and the Companies Act 2006. The financlal statements have been prepared under the historical cost convention. The flnancial statements are prepared In sterllng. whlch Is the functlonal currency of the charlty. Monetary amounts in these flnanctal statements are rounded to the nearest £. Income All incorne is reco the funds. It is pro Expendlture Liabilities are recognlsed as expendlture as soon as there Is a legal or constructlue obllgatlon commltlln be require the charity to that expendilure. It is probable that a transfer of economic benefits wlll 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 thal agiregate all cost related to the category. Where costs cannot be directl attributed to particular hea been allocated to activities on a basls conslstent wlth t e use of resources. n9S they haue ntsed In the Statement of Financial Actlultles once the charity has entltlement to able thal the Income wlll be recelued and the amount can be measured rellably. Grants offered subject to conditions which have not been met at the year end date are noted as a commitmenl but not accrued as expendlture. Tanglble flxed assets Tanglble fixed assets are shown at hlstorical cost less depreclatlon. Depreciation is proulded at the following annual rates in order to wrlte off each asset over Ils estimated useful Ilfe. Tan Ible Flxed Assets Compuler Equlpment 4 Years on straight Ilne basis with nil resldual value Offlce Equlpment 5 Years on stralght Ilne basls wlth nll resldual ualue Musical E Ix ures ui ment 5 Years on strai ht line with nil resldual value 10 Years on strai ht line with nll residual ualue Motor Vehlcles 5 Years on stral ht Ilne with nll residual ualue Freehold Land 8 Buildin Non- Depreciating Asset Freehold Buildin 45 Years on strai ht line basls to residual value Investment property Inuestment property is shown at most recent valuation. Any aggre from changes in fair value is recognised tn the Statement of Financia ate surplus or deficit arlslng Activittes. 19 |Page
Riuer Church Notes to th inanci me ACCOUNTING POLICIES (contlnued) Taxation The charity is exempt from corporallon tax on its charitable actlvlt(es. 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 recognlzed at the settlement amount. Prepayments are ualued at the amount prepaid. Credltors Creditors are recognized where the charity has a present obligation resulting from a past event that wlll result In the transfer of f unds to a Ihird be measure rellably. Creditors are recognise and the amount due to settle the obllgatlon can att eir settlement ualue. Fund accountln9 Unrestricted funds can be used In accordance wlth the charitable objectiues at the discretion of the trustees. Restrlcted funds can only be used for partlcular restrlcted purposes withln the objecls of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrlcted purposes. Further explanation of the nature and purpose of each fund Is Included in the notes to the flnancial statements. Penslon cosls and other post-retlrement beneflts The charity operates a defined beneflt pension scheme. Contributlons payable to the charity, s pension scheme are charged to the Statemenl of Financial Actluities In the period to which they relate. Hlre purchase and leaslng commltmenls Rentals aid under operating leases are charged to the Statement of Financial Acliuilies on a straight Ine basis over the period of the lease. 20 |Page
Lon ide otes to the Fl for the Year Ende At DONATIONS AND LEGACIES 31.12.24 31.12.23 Tithes- Church Offerings Gift Aid Grants Building Fund Legacies 588.305 145 613.188 6.277 107.341 5,700 57.566 9,000 18,930 99.990 817,485 799.072 Gift aid receiued, included in the aboue. are as follows: 31.12.24 31.12,23 Gift Aid 107.341 107.341 OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Euents and conferences Rental Income Other Income . The Source 97,197 13.750 56.272 25,732 24,284 15,000 25,742 33.758 192,951 98.784
tot heye ncial St tements - co 31De r 2024 ti INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Actiuily General Funds Apex Tenacious Kids Care After School Tenacious Kids 16,771 710 General Funds General Funds 2.244 2.879 3.076 21.894 3,786 RAISING FUNDS Other tradlng actlvities 31.12.24 31.12.23 Euents costs The Source Centre 2,691 20.370 4,539 1.484 23.061 6,023 CHARITABLE ACTIVITIES COSTS Dlrect Costs Support costs (see note 7) Totals 2024 2023 22 IPage
Lon hur for Year Ended 31 Dec mber 2024 SUPPORT COSTS Governance costs Mana ement Totals 2024 2023 NET INCOME Net Income is stated after charging: 31.12.24 31.12.23 Auditor's renumeration Depreciation - owned assets 7.320 42.906 3.110 40.812 TRUSTEES. REMUNERATION AND BENEFITS The trustee Mr Martin Smith received a salary of £42.000 (2023 £42,032), and pension contribution of of Association. £1,073 (2023 £1,261). These payments were permltted by Ihe church's Artlcles The trustee Pastor Gowan Wheeler recelued a salar of £52,750 (2023 £50,338), and pension contribution of £1.316 (2023 £1,510) and Private Me ical Benefits of £nil (2023 £414). These payments were permitted by the church's Articles of Association. There were no other trustees. remuneratlon or other beneflts for.the year ended 31 December 2024 nor for the year ended 31 December 2023. Key Management Personal Disclosure: The charlty considers Its ke management personnel to comprlse the trustees. elders, pastor and pastoral team leaders. Tota key personnel r¢muneration is £222.027 (2023.. £223.419), io. STAFF COSTS 31.12.24 31.12.23 Wages and Salaries Workplace pension Employer National Insurance contributlons 446.509 8.189 25,217 368.778 7.862 27.441 479,915 404.081 The average monthly number of employees durlng the year was as follou)s: 31.12.24 20 31.12.23 17 No employees receiued emoluments In excess of £60.000. 23 |Page
Lo Ri t the Financial St nts- for COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrlcted fund Endowment fund Total funds INCOME AND ENOOWMENTS FROM Donations and legacies Charitable actiuitie$ General Funds 735.611 63.461 799.072 3,786 3.786 Other tradin9 actlvltles Total 98,784 71.060 838.181 63.461 901.642 EXPENOITURE ON Raising funds Charllable actiultles General Funds 6.023. 6.023 841.807 53.543 895,350 Total 847,830 53.543 901.373 NET INCOME/(EXPENDITURE) (9,649) 9.918 269 RECONCILIATION OF FUNDS Total funds brought forward 218.849 1,149.319 1,282,550 2.650.718 TOTAL FUNOS CARRIED FORWARD 209.200 1.159.237 1.282.SSO 2,650.987 24 |Page
hurch li for the Year Ended 31 Dece 12. TANG18LE FIXEO ASSETS Flxtures and fittings Èreehold Computer equipment Totals COST At l January 2024 Addltions 3.807,065 74.207 12.233 161.734 7,769 4.043.006 20.002 At 31 December 2024 3.807,065 86.440 169,503 4,043.008 DEPRECIATION At l January 2024 Charge for year 60,000 20.000 43.739 8,432 131,077 14.474 234,816 42.906 At 31 December 2024 80.000 52.171 145.551 277.722 NET BOOK VALUE At 31 December 2024 3.727,065 34,269 23.952 3.785.286 At 31 Oecember 2023 3.747.065 30.468 30.657 3.808,190 13. INVESTMENT PROPERTY FAIR VALUE At l January 2024 and 31 December 2024 15,000 NET BOOK VALUE At 31 December 2024 15.000 At 31 December 2023 15,000 14. DEBTORSg AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Glft Aid Other debtors 53.184 54.336 55.465 63,336
Riu otes ia em -con 15. CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 31.12.24 31.12.23 8ank loans and ouerdrafts (see note 17) Taxation and Social Security Other Creditor 57.773 11.253 57,015 55,444 7.150 57,685 126.041 120.279 16. CREDITORS: AMOUNTS FALLING OU£ AFTER MORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans (see note17) 1,079.357 1,137.130 The charity holds a loan with Charity Bank. which is secured on both of the properties held by the charit London Riverside 8ullding, Parsloes Avenue. Dagenham and the church manse at 62 Naseb Roa Dagenham. The loan Is repayable by monthly instalments until 2039 and Interest was charged a during the year. LOANS 17. An analysls af the maturliy of loans Is glven below: 31.12.24 31.12.23 Amounts fallin9 due within one year on demand: Mortgage 57,773 55,444 57.773 55.444 Amounts falllng due In more than flve years: Repayable otherwlse than by Instalments: 1.079.356 .137,130 18. MOVEMENT IN FUNDS Net movement in funds At 31112124 Al 111124 Unrestricted funds General fund 209.200 8.588 217,788 R¢strlct¢d funds Restricted - 8uilding Restrlcted - Mtsslon Restricted - Store Cily Restrlcted - Social Actlon Restricted - LVLS 1.142,441 10.999 5,797 34.335 3.433 (4.450) 3.182 302 1.176,776 14,432 1.347 3,182 302 Endowmenl funds Endowment- Manse 1.282.550 1.282,550 TOTAL FUNDS 2.650.987 45,390 2.696.377 26 |Page
London Ri to he Financial Statements - conti nded 31 Decem er 2024 18. MOVEMENT IN FUNDS- contlnued Net movement in funds, included in the above are as follows: Income endlture Movement ransfers in funds Unrestrlcted funds General fund 885.238 (876,650) 8.588 Restricted funds Restricted- 8uildin9 Restricted - Slore City Restricted - Misslon Re5trtcted - Social Actlon Restricted- Orphans PTomlse Restricled~ Concarneau Reslrlcted- LVLS 99,990 1.264 (65.655) (5,714) 3.433 (1.900) {10.000) (4,672) (25,782) 34.335 14,450) 3,433 3.182 5.082 10.000 4,672 26.084 302 TOTAL FUNDS 1,032.330 (986,940) 45,390 The restricted funds are used for the followln 8uildin9 - towards the repayment of the loan I purposes.. or the development of the church building StOTe City - to support local food distribution and community asslstance iniliallues Mission-to fund outreach. euangellsm. and the support of missionaries both locally and overseas Social Action -to provlde practlcal support. advocacy. and programmes addresslng soclal needs wlthln the community Orphans Promise - to contribute towards the care. education. and welfare of uulnerable parents. children and orphans. partlcularly for works in the hostels Concarneau- lo support the ongoing partnership and ministry work with the church plant in Concarneau. France LVLS- funds raised to su ort the Lvork of Pastor Ade In the church plant In West London. A transfer of £6,169 was made out of tRfs fund to the general fund to reflect the expenditure relating to thls project in 2023. Comparatlues for movement In funds Net mouement In funds At 31/12123 Al111123 Unrestrlcted funds General fund 218.849 (9.649) 209.200 Restricted funds Restricted - Building Restricted- Mission Restricted - Store City Endowment funds Endowment - Manse ,132.523 10.999 5.797 9.918 1.142,441 10,999 5.797 1.282.550 1.282.550 TOTAL FUNDS 2,650.718 269 2.650.987 27 |Page
Rive No for es to th Financial St ar ded ec ber 18. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Income Expenditure Movement In funds Unreslrlcted funds General fund 838.181 (847,830) (9.649) Restrlcted funds Restrlcted Bulldin9 Restricted - Store City 59,566 5.895 (69,800) (19.203) 6,664 5.797 TOTAL FUNDS 901.642 (901,373) 269 19. RELATED PARTY OISCLOSURES Famlly members of trustees were paid £28.507 (2023 £21,448) durin9 the year. There are no other related party transactions. 20. OPERATING LEASE COMMITMENTS At the year end the chuTch had outstandin non-cancellable lease. u)hich fall due as fo commitments for future minlrnum payment under ows 31.12.24 444 31.12.23 Withln one year Between two and flue years 28 |Page