2023-12-31-accounts

Riverside Church Annual Report & Financial Statements For year ended December 2023 Registered charity no. 1131872 Company no. 6983393 This report covers the period 1 January 2023 to 31 December 2023

RIVERSIDE CHURCH i* • ill Riverside Church, Thanet Way. Whitstable, Kent CT5 3JQ www.riversideuk.or

Introduction Riverside is a vibrant and growing church community of adults, children and young people meeting in Whitstable, Kent. Our goal is to see the transformation of our communities through the goodness of Jesus. The church was established in 1925 and has been faithfully worshipping God and serving the local community for nearly a hundred years. We believe the goodness of Jesus is for everyone and we are passionate about helping people encounter his life- changing power. Our aim is to be a blessing to our community through sharing the love and compassion of God to those we meet. Our broad aims continue to be the following.. Having ourown building allows usto hire rooms to commercial and public-sector organisations during the week. This conference activity generates an income stream that 5UPPOrts our charitable activities. Creating spaces and opportunities for people to encounter the good news of Jesus and Histran5forming presence. Equipping and supporting people to do life well. We also have an on-site café which forms a community space right at the heart of the building. It provides a relaxed, friendly environment where everyone is welcome old friends can come together, and new friendships can be made. Bringing practical and spiritual relief to the vulnerable and those in need. Doing things well. Page 3

Review We began 2023 by re-launching our church small groups, rebranding them 'Life Groups,, focusing on creating smaller environments to help people do life together. We used a Sunday series to help communicate core values around community, growth, encouragement, vulnerability, and worship. This re-launch helped us to re-envision people in the importance of meeting in smaller settings and many newcomers to the church became integrated into existing groups Life Groups and new ones that were created. In January Tina Bateson went out from Riversidetojoin the OM Ministry 5hipthe Logos Hope. The Logos Hope is used to share knowledge, help, and hope in and around the world's port cities. Since 1970, Om's Ship Ministry has broughtthe world's largest floating bookfairs to nearly 500 individual ports in more than 150 countries. When the ship is in port, team5 VlSIt communities to offer practical help and the hope of the gospel alongside local churches and partner agencies. Tina has signed up to do two years on the ship and regularly connects back with the church and the Sunday children's groups who love to hear of her adventures and pray for her onward journey. Simon & Keely Bateson were invited to speak at Herne Bay Pride in September. This was a real honour and reflected the reputation Riverside now has as an LGBTQ+ Christian ally in the community. We spent time training our senior team around the issues associated with spiritual abuse in churches to ensure it could be recognised and prevented. We also looked at season of life with our leadership team to understand the different opportunities and challenges each sta9e of life brings. Our Vision Sunday thi5 year focused on 'looking forward with expectation., We want to continue to build on our excellent foundations and our growing reputation in the community. We ended 2023 with a sense of excitement looking forward to all that God was going to do through the church in 2024. Gfjs HOPE k Page 4

Objective 1: Advance the Gospel Creating spaces and opportunities for people to encounter the good news of Jesus and His transforming presence... Our Sunday services continued to see growth through 2023 with many people enquiring about faith or reconnecting with a church community after long absences. We created more space for our growing Ki ngfishers chi Idren's group (reception age to 11sl by joining two of our rooms together. This has provided a great home for their Sunday group, making more room lor activities and fun. We developed a preaching training community to widen the number of speakers who would be available on a Sunday. These people were trained to communicate the good news of Jesus in contemporary ways. We continue to host events for Churches Together in Whitstable including a large service celebrating the combined ministries of the churches. We also hosted a retreat day for the church leaders to provide an opportunity for prayer, reflection, and relationship. We finished the year with our morning Family Carols and our Evening Carol services, both being really well attended. Riverside continues to present the good news of Jesus accessible, contemporary, and practical ways. Wo are excited bythe numberofpeople who testify to the warmth of welcome they receive when they come to the church. We are convinced this is the most positive and effective way to share the love of God. We also started a new monthly evening gathering called Open space to explore different aspects of the Christian faith and create an environment to explore, d iscu55, reflect, and grow together. The emphasis wa5 not to look for the single 'right ar)swer' but to look for greater understanding of God and each other. The first evening looked at 'How the Bible Really Works, and was a great success, providing a safe space for deeper questions and theological opinions to be explored. Page 5

Objective 2: Improve Life Equipping aT)d supporting people to do life well... Riverside continues to host and welcome a wide variety of people. Our.Sunday morning Services provide a place of connection, support, and practical teaching to equip people to do life well. We also held a Cherish Christmas Crafts evening December which was extremely successfLJI. Regular Board Game Evenings also create a great social gathering space. Herne Bay HUB, our monthly off-51te gathering at Briary Primary School is going from strength to strength. We are seeing growing number of families connect with the morning to enjoy breakfast, games, activities, and music. A team of Riverside staff and volunteers facilitate the event which runs parallel to our main Sunday service at Riverside. This year we decided to increase our investment in young people by recruiti ng full-time Youth Pastor. This role will involve supporting and empowering young people in local schools and using our soon to be completed Youth Hub. As at the end of 2023 we are still waiting to employ the right person for this role. Our variety of different sized rooms provide flexible training spaces for many stakeholders, including local NHS trusts and councils. Our café space provides a great space to meet and connect with friends. Many local community groups also use it to gather and build relationships and combat isolation and loneliness. This year we refurbished our Lower Lounge to make it a fnore welcoming space and this change has been warmly received by all our guests and visitors. We continue to hold events that help connect and support people. Our Cherish Breakfast ladies event helps to bring women together around an inspirational theme. Page 6

Objective 3: Bring Relief Bringing practical and spiritual relief to the vulnerable and those ffn need... This year we transitioned our Pantry project to a relational model working closely with Canterbury Food Bank to ensure we could provide food relief to those most in need. We focused on three princi pal areas.. Providing help to those we are in direct relationship with. Providing emergency relief through connections with local social workers and social prescribers. Working with Family Liaison Officers in local schools through projects such as Holiday Hungerand All Wrapped Up. This transition has made our Pantry project even Tnore effective in gettin9 the help to those who need it most. In October we focused on the work of Christians Against Povety ICAPI in our Sunday service. CAP provides a free debt counselling service and additional life skills training. We continue to financially support the work of our local CAP Debt Centre. In June we held a fundraising quiz for local charity SNAAP who support parents and carers of children with special need5. The event raised £2.5k forthe charity. We also continue to support several local projects with lina nces and volunteers. Some examples are.. Street Pastors a caring night-time presence on the streets ol Whit5table and Herne Bay. Haven - a project providi ng care and support for the homeless and vulnerable in the area. Coastal Family Hub providing mental health support to children, young people and families in Whitstable, Herne Bay and Reculver. All Wrapped Up is a project of Riverside Church working with local schools and partners to provide Christmas presents and food hampers to families in need. This yearwe mobilised 110 volunteers in our auditorium 'Winter Wonderland, to provide presents for over 500 children, with 267 families receiving food vouchers to feed over 1200 people. Page 7

Doing Things Well This involves everything, from the way we relate to people, to the way we manage our lacility & develop our organisation... Staffing. No additional staff were added to the team this year. We have sourced a new cleaning company which providing an Èxcellent service. This year we extended the reach of our café services by launchi ng a new website. On-site Partners: CXK uses Riverside as a local hub for their staff as they provide career guidance and training programmes to help young people build the skills and confidence they need to find a job. Site: Our new CCTV installation was completed with additional cameras now overlooking the carpark. New batteries were installed in our car park solar lights after the theft ofthe previous ones. Volunteers: We actively encourage people to volunteer their time and get involved, serving i n some capacity. Projects like All Wrapped Up mobilise hundreds of volunteer hours from within the church and the wider community to serve families in need. We were the recipients of B&Q NeighboLJrly grant where staff from our local store came and refreshed our front borders with new planting and installed new planters by our main entrance. We are grateful to B&Q for their generous contribution. We also have a large volunteer Sunday team which facilitate our welcoming and serving culture. Riverside could not operate at the level we do without the dedication of our volunteers in the church, and from the local community, and we are hugely appreciative of their ongoing generosity. Events: Our conferencing and event hire continued to grow throughout 2023 with many organisations seei ng Riverside as their venue of choice. We regularly see ive-star ratings for our venue and service and leedback contin ues to be excellent for the whole team. Page 8

Connected Charities & Partner Projects Coastal Family Hub provides mental health support to children, young people and families in Whitstable, Herne Bay and Reculver. Riverside continues to be an active supporter of Churches To9ether in Whitstable ICTIWI. CTIW provide Street Pastors who patrol every Friday night providing a STREET PA5TOR• caring and reassuring presence on the streets. Inclusive Church is network of churches, groups and individuals uniting together around a shared vision of church which celebrates and affirms every person and does not discriminate. HAVEN PROJECT is a joint church initiative to create warm friendly place for the homeless in the area. CTIW jointly support a local Christians Against Poverty ICAPI centre. CAP provide5 free debt counselling and additional life skills services. Riverside supports the work of Mission Aviation Fellowship which enables over 2,000 aid, development, and mission organisatlOnS to bring medical care, emer9ency relief, long-term development, and Christian hope to thousands of communities. Fellowship grassrnnt Working in Romania to alleviate poverty, though partnership with churche5. T R 'J S T Om's Ship Ministry is sharing knowledge, OpenDoors ei)rt•pt i SHIPS help INTERNATIONAL Riverside supports the work of Open Doors which is an international ministry serving persecuted Christians and churches worldwide. and hope in and around the world's port cities. Supporting charities who demonstrate their impact on the health & wellbeing of their community. CXK is a charity which SUPPOrts children, young people, adults, and families and is one of our rental partners at Riverside. Cphitll sFounda muxLml%iny PGtoiitiol Page 9

Strategic Report Business Review Riverside Church is in a stable position both financially and terms of attendance. We aim to review the main risks the church faces on a regular basi5. The Trustees consider the key risks to a church like ours to be finances, safeguarding, health and safety and human resources. We employ staff with key skills in these areas. We also engage third party experts for advice when needed. Our total source of income from all sources was £447,291. Our expenditure totalled £545,731. Our room hiring and cafe income generated income of £190,585. We believe that our internal financial controls conform to the guidelines issued by the Charity Commission. Our financial statements at the rear of this report provide more information. Risk Management Investment Powers and Policy We have systems of internal control which are designed to provide reasonable, but not absolute assurance against material misstatement or loss. They include.. Our Articles authorise us to invest our funds. Cash balances are currently held with HSBC Bank and Charity Bank. We operate a policy of keeping available funds within interest-beari ng deposit accounts. We maintain a level of free reserves to mitigate against the risk that the charity experiences an unexpected event which would put us in linancial difficulty. an annLJal budget approved by the Trustees. regular consideration by the Trustees of financial report5. delegation of authority and segregation of duties. This might include an event which would bring Riverside Church into disrepute,. the premises being forced to close for an extended period of time,. or a serious decline in the economic environment we operate in. identification and management of risks. Page 10

Reserves Policy Plans for the future We believe the appropriate level of unrestricted reserves should be based upon a proportion ofour regular costs as follows.. 2023 was a year of expansion for Riverside building on the foundation of becoming an affirming church in 2022. We feel this new foundation has greatly increase our positive reputation in the community with many people seeking us out because of our inclusivity. Four months of our long-term commitments, such as mortgage and utilities payments and the cost of running our Sunday services which would be a vital activity to maintain. Three months ol medium-term commitments such as permanent staff costs and the monthly financial support we provide to partner charities. One month of short-term costs, including the day-to-day ministry activity of the church. Our review has estimated this target level is £120,000. The reserves held as of 31 December 2023 are at this level. We review, on a 6-monthly basis, the level of reserves held. During the year, the Trustees conducted a full review of the reserves policy to ensure it remained up to date and relevant. We are maturin9 as a caring expression of God's love into our coastland communities. Core values within the church such as trust and authenticity continue to grow, creating a safe environment for people to deepen relationships and explore fa ith whilst wresting with life's q uestions. We will continue to pursue our overall vision of being Good for Everyone through every aspect of our organisation. We want everyone who encounters Riverside to have a positive and encouraging experience, and we will continue to use all our resources to ensure this is the case. We believe our Youth Hub which will open in 2024 will be a huge help to the well-being of young people in our area. L/.a Page 11

Information about Riverside Church We believe that we comply with the Charity Commission guidance on public benefit and specifically the advancement of rel igion. Associated Professionals Principal Bankers: HSBC Bank 9 Rose Lane Canterbury Kent CT12JP Charity Number: 1131872 Company Number: 6983393 Registered Office: Riverside Church Thanet Way Whitstable CT5 3JQ Accountants: Kreston Reeves LLP Chartered Accountants 37 St. Margaret's Street Canterbury Kent CT1 2TU Website.. www.riversideuk.org Governing Document & Organisational Structure: We are a registered charity, constituted by means of our Memorandum and Articles of Association and operatin9 as a church. We are also a company limited by guarantee, in which the company directors form the board ofTrustees. The liability of each trustee in the event of winding up is limited to £10.The spiritual vision and direction of the church is set by the Senior Leadership Team who along with the Trustee5 form the membership of the company. The pay of the Senior Leadership Team staff is reviewed annually and benchmarked against pay levels in other churches of similar size and operation. Sol icitors: Parry Law Sols 12-14 Oxford Street Whitstable CT51DE Page 12

Information (continued) Trustees and Senior Staff Trust Board ITB) Senior Leadership Team (SLT) The Trustees who have served during the year and to date are as follows.. The day to day running of the church is delegated to the employed pastoral staff and operational staff. The staff are led by Simon & Keely Bateson (Lead Pastorsl and their Senior Leadership Team which is as follows.. Kirsteen Magee Simon Bateson Chair Lead Pastor Matt Haines Facilities (Stepped down 06.03.231 Darlene Bushell Simon Bateson Lead Pastor Finance Keely Bateson Martin Franks Lead Pastor Sean Carter Health & Safety Rebecca Swansbury Safeguarding (Appointed 29.01.241 Assistant Pastor Jacob Perrins Assistant Pastor Debbie Franks SLT Emma Perrins SLT The company secretary is Kim Wood. Alan Chalkley Alison Chalkley SLT Christine Gibson SLT SLT Appointment of Trustees & SLT New Trustees and SLT members are appointed when appropriate. suitable candidates are generally selected from within the church and are considered based on their skills, experience, and sympathy with the aims of the church. Trustees and SLT members are appointed by the combined Trustees and Senior Leadership Team. These two teams constitute the membership of the charitable company. New Trustees have the opportunityof reviewing appropriate documents, including the management accounts, as part of their induction process. Jackie Carter SLT Sean Carter SLT&TB Page 13

Information (continued) Trustees, / Directors, Responsibilities Statement The Trustees (who are also directors of Riverside Church for the purposes of company lawl are responsible for preparing the Trustees, report and the financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not a pprove the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to- Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP,. Make judgments and accountin9 estimates that are reasonable and prudent., State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. Prepare the financial statements on the going concern basis unle55 It is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectior) of fraud and other irregu larities. In preparing this report, the Trustees have taken advantage of the small companies, exemptions provided by section 415A of the Companies Act 2006. This reportwas approved by the Trustees on...O.l..o<- ..7.*..... and gigned on their behalf by Simon Bateson Trustee / Director Page 14

Riverside Church

(A company limited by guarantee)

Independent examiner's report

For the year ended 31 December 2023

Independent examiner's report to the Trustees of Riverside Church ('the Charitable company')

I report to the charity Trustees on my examination of the accounts of the Charitable company for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Charitable company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitable company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Charitable company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Page 15

Riverside Church

(A company limited by guarantee)

Independent examiner's report (continued) For the year ended 31 December 2023

This report is made solely to the Charitable company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitable company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable company and the Charitable company's Trustees as a body, for my work or for this report.

Signed: Dated:

Samantha Rouse FCCA DChA

Kreston Reeves LLP Chartered Accountants Canterbury

Page 16

Rlverslde Church IA wnpany Ilmlt•d by 9uarnnts•l Stat•m•nt of flnanelal aetlvltl8s (Inton￿rAtIng In￿ and ￿pendI￿re account) For the year ended 31 December 2023 Total funds 2023 Total nds 2022 funds 2023 funds 2023 Incorn8 from: Donatrjns and Waes: Weekty offering Donations eligi￿e tor GiftAid Grft Aid Gffts & miscelaneojs incovne Deemed nokn"Th)al interest on loan5 Other donations kga Profit on dlsposal of f￿ad a&%81s Othar trading activikn8S Invastmènts Oth8r ￿COme 33.811 140.899 40.148 1.728 33.811 148A59 40.148 10,607 47208 143,414 35,875 1,105 1,750 29,002 146,382 99,346 49,981 94,705 8.879 13.181 17A23 131117 61726 132,117 64,726 Total Income 417,671 29.620 447.291 654,768 Expenditure on.. Ralslng fiJnds Charitab18 actMbe5.' Other ¢haritable adNittes 41922 32.289 449,321 51,488 595,192 Total oxp•ndltur• Sl.488 YS,731 627.481 Net Ièxpendiiweifincorne TrdnsfÈts b8twéen ftJrKIs 176.S721 120.$721 {21,8681 20,$72 198,440} 27.287 16 Total transhrs 120.S721 20,572 Net movement In fund$ 197.1441 11.2961 198,440) 27,287 Rèeonclllatlon otfvnds: Total lunds bT(yJght forward N9t r￿Vement in fvnds 1.328A09 197,144} 3.801 {1,296} 1.332,210 {98.4401 1,304.923 27,287 Total fvndg ¢arrfed for4vard 1231265 2.505 1233,770 1,332,210 The St8tèm6nt indudes al gain ar¥J b)sses recognl*J in the sear. The notes on pages 19 10 36 fomi part ol these stater￿. P￿e 17

Rtversldfj Church IA ¢ompony Ilmft•d by guarant0• Reglstered number.. 06983393 Balan￿ $hget ts at 31 Dec8mb8r 2023 2023 2022 Flx•d assets Tangibte assets Current assets 12 1289.969 1.296,273 Debtcxs Cash at bank aThJ in haThJ 13 11,235 392,275 9.319 Sl￿,9)3 403,510 615.822 Creditors". affKyJnts I￿ling due *ilhin ( 14 126.5441 141.7551 N•t ¢uTrent a¥s¢ts 376.966 574,067 Total as￿￿19$$ currènt Ilabllltles 1.666.935 1,870,340 Credrtors: amunts falliThJ due after mc¥e than on8 ￿ar 15 1433.1651 1538,1301 Total I￿t ass•ts 1233.770 1,332.210 Charity fvnds Restricted funds vnrestri￿ed fuThJs 18 16 1505 1231265 3.801 1.328.409 Total fvnds 1233,770 1,332,210 Thè Charita￿& txjmpanywas anti￿1 to 8X8mpkn frixn 8udit urK18r s8dion 4TT of th8 Compani85 Aet 2006. The Members have rKJt required the crynpany to obtsin an awjit forthe in question In armrdance 58Ction 476 (rf Cornpanies Ad 2￿6. The Trustees acknowledge their responsbi ilibes for complying vthh the wuirements of the Aca wth respect lo 8ccountirTg records and preparalK)n of finan(ial state1r￿t5. The finanrial statements have been wepared ￿ ￿4Ndance with the provisions applcable to enbties subjeGI to the small companiès wimè. Thg financial stalements were aFyoved and authori￿ tr issue by Ihe Twstees and signed on their behalf by. n Bateson rustee Date.. The note3 on pages 19 to 36 fonn part of these financial ststemert3. 18

Rfv•rslde ChU￿h IA company Ilmlted by guarante¢l Notes to the flnanclal ststements For th• y•ar •nd•d 31 Decembgr 2023 G•n•rnl Infomiatlon RNarshJ• Church is a charita￿& Ixjmpany limi￿ by guarant88. in(xJrw)ratgd in ETrJLqnd and Walès ￿1th the cornpany Dumber 69&3393 and the tharity number 1131872. The Charilable c￿panIS regislered office Is Riversts Cfvjrth. Thanet Way, WhttStab￿. CT5 3JQ. The finandal Statements have been weped ￿the year8nd&J 31 t)ec&mber2023. Accounting pollct•s 2.1 Basis of preparatton of fina￿1?1 ststements The fin8nryal sts[em￿lS have been prepared in accordance vith the Charityes SORP IFRS 1021- Ac￿￿nting and R8w)rUng by Charitrgs: Statement of R9(x)rnfflended Pwtrce 8ppli&gblg to ch8rfti8$ eparing their attounts in attordance wilh tr FIna￿la1 ReK¥xts"￿j Standard applKable in the UK and Republ￿ of Ireland IFRS 1021 leffecDve 1 January 20191. the Fina￿￿81 Reporting Standard appllcable in the UK ond Rewblic of Ireland IFRS 1021 WKI the Comp8nies Act 2006. R￿e￿de Churth meets th8 definibon of a public beneffit enbty under FRS 102. Assets and liabilits88 are initsalty recognssed at hlstofwxl c￿st or transacbon vdue tsnkss ollrwise stated in the rdevant accounting poky. The ChariiabJ& conwanls financial stat￿￿ts are presented in Stsrling and are rryJ)ded to the r￿[88t Pound. 2.2 Company status The Charitab￿ company i8 a %>)mpaTry limited by guarantee. The members of the o)mpany are the Trust8es and senior k8adership leam named in the CharrtV5 inforrnation page. In event of the charitable company beirKJ wound up. Ihe lith.lty In respect of the guarantee Is 11m￿ed to £10 member of thg tharilabb (x)ny)w. 2.3 Golng ¢on¢wn Thè Trustees have c£)nsid6red the Chavttable Compaftls ￿01 of resw6s and fuÉure incx)ming resources cx)nduded that these are SArffi¢ient to enab* the Charity to ¢ontinu8 ils op8ration5 for Ihg forosaèablb futurè. Trr8for8 the w)unts havè préparéd On a wng (th1￿M basis. P￿19

Riverside Churth IA ¢¢¥npany Ilmlt8d by guarants•l Notss to tha flnanew staièmonts For th• ￿ar •nd•d 31 Dec•m￿r 2023 countlng pollcSes (continued) 2A Incorne l income is re(x)gni5ed On￿ the CharilatrAe (￿MpanY enti118m8nt to Income. tt Is probable thatth8 In(X)￿ will b8 re(Xv￿1 and Ihe aftMMthI of incc¥nè r￿Nable can be m6asured rdiabty. The re(￿gn￿on of Income from is dgP8ThSbnt on 8St8Llishing anth]am&nL tha probablllty of r8C8iPt and the ability lo eskn.mato vnlh sufficient ac￿racY the amount re¢eivaNe. Ewdentx of 8ntiUement to a lega¢y ￿￿$ts ￿fjn th8 Chari18Ne ￿rnpany has 5uffiaent 8wdonce that a gift has been left to Ihem lthrough knowkdge ol the extsten￿ of a Val￿ VAI and the death ol the benets¢tcKI and the exeujtor Is satisfied that the propety in q￿stiOn wll not b8 r8quwed to Satisfy claim5 in tha estate. Receipt of 8 18gacy must b8 r8cognised when it is wuba￿e that it wll be re￿Ned and the fair valu6 of the amount receivable. whKh will generally b8 the expected ￿$h amO￿nl to be distributed lo the Charitable ujmpany, cAn be reliatrAy rne8sur8d. Grants are induded in the Slatement of financk4 acbwb8s on 8 receivalAe bas. The b818ME of in¢xxn8 rec&ived for speufic puT￿se5 but not expended during the pe￿d is in the relevant funts on the Balan￿ sheeL whe￿ inrx)me is reriv•l in a(fvance of 8Thtidement of retsipt, its recoJnibon is deferred 8rMI ind￿1￿1 irb L¥8dittirs as d6feffwJ ino)m8. Where enlidement owurs before income k% receiv&J, the irtome is accru&l. Income tax recoverdL4e ￿ r￿ats"￿ to ¢Jonabcffis rec8ved under l>ft Axl rm d8ls of covenant is Twnised at the time of Ihe th)naDon. Income tax ￿Coverab￿ in rdatic•) io inveslmenl inccne B rwnwl at th8 tima Iha Investment in(x)me is re￿Wat18. Other income is reccxJn¥sed irn Ihe wic#J in li is rewvA8 and to the ext8llt Ihe g¥Jods have been Prov￿d or on compbtKm ofthe ser¥KX. 2.5 Expenditure Expendiiure is reixjgnised tsn￿ Ihere Is a legal ￿tOr￿tru￿ Ob1￿jaIlOn to transfer ec¢)nomic bel￿fft to a third party. it is probable that a transler of ecoromK bgn8fft5 b8 r8quir8d in s8ttletnBnt and the amcwnt ofthe ￿￿tIOn can b8 rdiatAy. Expenditure ￿ raising funds Indu￿ ￿1 experKliture incurred by lh8 CharitatAe company to ralse fvnds for its th8r[18b￿ purposes and indud8s costs of all fundraigThJ xtivities events and no tharitaL4e trddlrwJ. EXpend[tU￿ on (tsritab￿ aL￿¥￿e$ is inwned on direclty undertaking the ￿tivitieS ￿th1¢h hJrther1he Charftable companvs objedves, as well as any asswated suN)ort (x)sts. GraTrts P8Ydbb ar8 tharged in Ihe %then the offer is made except in those cases knrè the off8r is conditional, such grants beiThJ recogni$ed as exp8ndtture when Ihe condttions attachlng are lfilled. Grants offered subie¢t to widitson$ whlth hav8 not ten met at the Y￿ end are noted as a CA)mrnitrnenL but not accrued as expenditure. All exFendthre is induwv8 rA irrecoverat48 VAT." P￿20

Rlvarslde Church IA ¢ompany IlMst￿ by guarant••l Not•s to th• flnaneial stat•m•nts For the yeaf •nded 31 DKember 2023 ¢ounOng pollcles {contlnu8d} 2.6 Tanglble flx•d assets and dopr4clalJon A revlew of Impalm)ent of a fixed asset is tsrrl8d rf èvènts ￿ chalw kn drcumst8nc88 Indi￿18 that the cAnyirJ value of any fvxed assel may Th)t be recovernble. Shorlfalls belwean the carywng Val￿ of any fixd ass8ts and th8ir t8(x)verdtrA8 affl￿nts ar8 r8cognis8d as irnpaiments. lrnpaim18nl losses are re¢ogntrsed } the Statement of Finanoal ACt￿l￿eS I[￿Or￿Jrating th8 incorne and ex￿ndit￿re ac4)unL Tangible fixed assets are lnth.alty recognlsed at cosl. Afte¥ reCogn￿On, uThj￿ thè cost m￿J￿, t8nglble fixed ass8ts are measured at CA>St less acc4Jmulated deweryation and any accumukted impaimient bsses. Al costs in(yJtred to ￿[￿j a fixed a￿1 into its int8nd8d wothng 1x)nd￿On sh(whl b8 included in the rneasuremenl of caxL Depwathon is not charged on freehold laThJ. Dep￿C4&tiOn is charwj so as to aknte the of tarb3tAe f￿1 assets Igss their resKlual valuè over their estima￿1 uselul live& . Deweaation is INovided on Ihe fcr•Ang bases: - Land- notdeweLaal￿J, 8[￿dIngS- over20 years - 5 year5 str8vJht li - 3 years straight lir . W depreck818(1 FixbJre5 arNJ ffib"vNJ5 Computer equipment otherfix8d assets 2.7 Debtors Tr8de and other debtors are re￿niSed at the setuement amount after any trade discount offered. Ptepaym8llis arg valuEd at the 3mLKJnt pr8P8id net of any trwje d￿X)unts dug. 2.8 Cash at ban arKI In hand Cash at bank aThJ in hand indtyjes cash Bnd short-tenn highty liquid investsments wrth a short malunty of three months or les5 Ircmn the date of awursition or openirvJ of the deposil or similar ac¢C￿TrL 2.9 Flnanelal Instrumfrnts The Charilable r(xnpany onty has finanriai assets arKJ finw(x liatyltss of a kind that qualfy as basic fmancial instruments. Basic finanriaS instruments are In￿.31￿ recognised at transactknn value ar￿ subsequenuy measured at their setdement value ￿th the ex￿ption of bank loans thkh are subsequentty rn¢8sured 8t arTm)rtI￿ ra)8t Usirg the effth intsrest meth(xl. 110 Flnance costs BorrowKwJ costs assodated ￿th dwsct •xpèrKfibJr8 on wopaitiès undèrgoing Ma￿>r r8fuflxshm8nt are caFdtalised. Interest Is capltallsed as from thè cc4mm&nc*m8nt oftha devdow8nt work unUI thè practkal dato of completion. 111 Pen$lons The Charttabje Company aperdtes a definaj Contri￿th Fwtsion stharne and th& p8nsion charge represents the amwnls pa￿tsIe by the Charrta￿e ca)mpany to the fijnd in respect of the ￿ar. P¥Jo 21

Rtverslde Church (A ¢¢mpany limited by guarantsel Notes to the financial stat•rnents For the year ended 31 Decembèr 2023 ounllng polkles {contlnued} 2.12 Int•r•$t r8¢èlvabl• Inter8St on ftjnds hekl on deposit is knduded r￿￿Vable and the amount (xn ￿ measured luatAy by the Charttab18 company. this is norrnalty urxjn notifi&gtion of th8 intsrest paid or payabl8 by th8 insttiution wrfh WhC￿ the knds are depothj. 2.13 Llabilities and provlslons Liabl1t￿8 are re¢ognised when the￿ is 8n obligation at Ihe 88Lqnc8 she8t de a3 a resuk of a past ev8nL it is probable that a transfer ol economic benefft wll be requ￿￿ In sethement. and thè amount of the selll&ment can bÈ estimatl reliabty. LL41￿litIeS a￿ reixNJnksed at the amount that the Chartsble (ornpany anbcipates it pay to setde the debt or the am(¥Jnt it has rethiTrAI a5 addnL¥J pa￿ents for the or servK8S it must prowdg. Prows•Th are rneasu￿ at ￿ best ests.mate ofthe aML￿nts fequired to s&tUe the Obligati(￿. Wh&r8 the 81foCt of th8 time value of rnr￿Y is material. the provision is based on the presert valw ofthose amounts. disc￿n1￿j at the pre-tsx discount rate Ihat reflects the risks speafic to the liabilty. The Ur￿l[￿ing of Ihe di$￿Unt ￿ recajgnised in the Staiemenl of fjnancial adiwbes as a financ ctjst. 2.l4Ta￿On The Charitabl6 company consid8red to pass th8 ts5ts $81 out in Paragraph I Scwule 6 of the Finance Act 2010 and therefo￿ rt meets Ihe defintb.on ofa tharitable company for UK corpDration tax purpose5. A(xx)rdingly, ts Charrtabb c4)mpany is potentially exempt from taxation in respect ol Income or ca￿tal gain5 received ￿1n cat8g(Mies (x)vered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Se¢ton 256 of Taxabon ol Chargeable Gains Aci 1992. to the extent that such 2.15 Fund accounting Gener81 funds are unreslrtcted fvJnd$ which a￿ avwlaNe for use al the discretion of the Trustees in furtheraneè of the general (*bjectiv8s of the Ch&rilabb8 (x)mp8ny 8nd %vhich h8ve not been dgsvjnaled other purposes. De&gnated funds comprise unr85tric18d furK15 Ihat hav8 b8en set aShle by the Tru5188s ftx partirAJlar purposes. The th and use of e8th deshJnated fijnd i8 set ￿t in the notes to the flnandal statem8ni5. Restricted fvThls are fvnds whKh are to be used In accordance vhth specffic restrlctlons Imposed by d(Mors or vthich have been rdlsed by the charitab￿ (xjrnpany for p8rb¢xJlar purposes. The o)sts of raising and adminkstering such funds aro cha￿ad against the specific fund. Tha aim and usa of èach restricted furKI is Set (Krt in the notss to the finanaal ststements. Investment income. gains and k)$￿ arè alk>cat6d to lh8 appropFiat& fund. Pagg 22

v•rsldo ChuKh IA cornpany limitsd by guarant•ol Nots8 to th• flnanelal stat•m•nt¥ For tho yoar onded 310Kemb•r 2023 Accountlng pollc185 Iconllnugd} 2.16 Crftleal accountlng •sllmatès and are35 of Judgement Estimates 8nd judgments are contrualy evaluated and are based on historfcal experlencé and other factor5. incluthng expedatiLW of firture ev8nts Ihat are b￿￿ed to b8 reason8bl8 under th& (ircumstanc86. Tangit40 fix8dass8ts Thè charity has recognised larvJibl8 fixad 8&S8ts wth a caryng vahje of £1,289.969 8t th8 r&portlng date Isee note 121. The assets a￿ stated at Ihwr a)st ￿s$ prO￿$10Th for depreciation and impaimient. Thè tharitvs ac(x)untiw txAicy s81s (xrt th8 approach to eAkaJlabng d8p￿lation for imMatsri￿ 8SSets acquired. For material assets such as land and bJildings, the CL¥npany detemiines at acquisition reliab18 estirnates for the useftjl Irfe of the asset. its residual value and derommissK)ning Costs. Thes8 estirnate5 are ba5e(l factors as lh8 exFxIXed use of the acquired asset and rnarket condith)ns. At subsequent reFMxb"rvJ date the Trustees consider ¥thether there are any factors such as technokyJ￿al 8dwdncernents or tharwJes in rnarket 1x7nd￿￿S that WKligte a need to reconsider the estimatss used. Where there ￿e iThYicatcws Ihat the catyng value of assets may be Impai￿ the tharfty urKlertakes tests to detennine the re(x)verable amwnl of assets. These lests require estirnale8 ol the fair value of assets (x)5t to Sell and of their vakne in use. Whe¥ever FK)&$i￿e, the estimate of the fair value ofassets is based UFX)n 0bseryab￿ mathet Prilx less In￿Men1a1 cost for disposing of the asset. The valu8 in use txlcuLqtK)n Is based upon 8 disa￿nted cash fflow rnodel, based upon thè charitys for￿Sts for the fo￿Seeable futu￿ whth do not indude any ￿truCtUring a¢tMties that the th8rity is not yet committed to or wgnthcant luttjre inve8lments lh enhance the 885ef8 perfortnarKe. The recoverabte arnount 15 most sensthe to the discount rate used for the discounted cash flow mojel as as exFCted fubjre cash 1knvs the gr(fy¥th rate used for extraFK4ation puryK$e$. p￿23

Rlvgrsldg Church {A company Ilmlted by guarantee) Nt)tes to the financlal statements For th• yoar •nd•d 31 Doc•m￿r 2023 Income from donatltsn$ and legaeles Unr•strl¢t•d Restrkted fvnds fvnds 20rJ 2023 Total fvnds 2023 Total fiJnd5 2022 Donations W88kly Offering Donatio￿ eligi14e lor Gift AMI Gfft Aid Gnts & Mis￿l￿neOuS income Deemed Th)liona interesl ￿ h) 33.811 140.899 40.148 1.728 33,811 148.4S9 40,148 111.607 38,819 151,204 38,010 12,386 933 8.879 Subtotal detaKled disclosurv 216,586 16.439 233,025 239,352 Donalc Legades Grants 3.242 8.181 11.423 1,523 14,685 8,794 Subtotal 4,242 13.181 17.423 25,002 Totsl 2023 220.828 264,354 Totsl 2022 237.497 264,354 In¢om• from ot￿r tradlng actMtI8s Income from non eharitablè trAd5ng aetlvltl•s Untsstrktsd funds 2023 Totsl funds 2023 Tolal funds 2022 Cafe incom8 and olhertradin9 inLt¥n8 132.117 132.117 99,346 Total 2022 99.346 Pag8 24

Rlverslde Church {A ¢wpany 11m1t￿ by guarant••l Notes to th• finan¢lal stat•m•nts For tho yoar eTrd¢d 31 December 2023 Investment Income Unr•stdeted funds 2023 Total lunds 2023 Total funds 2022 Usè of building Investrnent incomo 58.468 6.258 47,913 2,(￿6 6.258 Total 2023 64.726 64,726 49,981 Tota 2022 49.981 49.981 Other Incomlng r860urcgs Unrestrl¢ied funds 2023 Total lund5 2023 Total ftjnds 2022 In5uTrnc8 in(x)wr 94.705 TO￿ 2022 94,705 94,705 Insura[￿0 inu)rne r81at85 to th8 pfLKw15 f8LWW8d I￿n lh8 Insuran￿ d8im. the fioLMling of th8 Premises in August 2021. PwJe 25

Rlvwsld8 Church IA company limitod by guarant￿> Not•s to th• flnanclal stat•m•nts For the ￿4T ended 31 December 2023 Expendllure on ralslng funds Fundral$ln9 tradlng 0xp•n￿$ un￿trICted lund5 2023 Total funds 2023 Totsl nds 2022 Cafe ewses 44,922 32,289 Total 2022 32289 32,289 Anal￿13 of qrants Grants to Grants to Institutions Individuals 2023 2023 Total fvnds 2023 Total ftjnds 2022 Mlsslon supwl 23,057 27A11 21.257 T¢)ts12022 17,150 4,107 21,257 P&Je 26

R￿er$Ide ChU￿h IA Company Ilmtt•d by guarant¢•l Notes to th• flnanclal statem￿8 Forth¢ y•¥r •ndod 31 D¢¢gmbgr 2023 Anal￿1$ of expendltur• by athibes Grant unttertèken fvndlng of dlrecty activltles 2023 2023 Supwl Total funds 2023 Total nds 2022 2023 365.882 27.411 107.516 SIJO,809 595,192 Total 2022 425,983 21,257 147,952 595,192 atysl8 of dlr•ct costs Totsl lund$ 2023 Totsl ftjndg 2022 Stsff costs Church Minlstrfès Equipment & maintenance Insurance Ichurthl Utilitie5 Ichurchl er st8ff 276,004 34,155 16,295 4918 29.006 S504 247,753 128,465 19,243 4,022 22,870 5,630 Total 2022 365.882 425,983 Pa99 27

Riverside Church IA company Ilmlt•d by guarantee) Notes to the flnanclal statements For the ygar •nd•d 31 DKemb•r 2023 Anatysls of oxp•ndltsr• by aetlvltlos leontlnuèd) Anatysls ol support Costs Totsl funds 2023 Total funds 2022 Dep￿lati 71.474 803 91,286 961 Professional fee3 Catering mus￿1c0pYTtyjht feesEquyment MiscelLineous costs Independent examir¢s fee Interest 7.824 938 591 1.552 (7.7621 1615 30.072 1,490 17.736 1,950 24.984 Total 2023 107.516 147,952 10. Staff costs 2023 2022 Wages and salaries Sotsal security costs contribub.on to deffined contrilyjlbjn p8n5ion SCI￿ 254.216 12.764 9.024 229,123 10,444 8.1B6 276,004 247,753 The average nUm￿r ol Pe￿nS empw bythe Charitable ctsnpany thJriThJ the year was as fc4ows.' 2023 No. 2022 Em￿0ye8$ 15 13 No emplo￿e recwved remuneration amtyJnting to than £60.thKI ) eith￿ jear. The churth leadership team are conSKlered to be key management Per￿n￿l. The total Corn￿nSa1￿)n paid In resF*ct of the key manage￿￿t per￿)ne1 aft￿unts to £1(￿,92912022.. £107.2881. Pa38 28

Riverside Church IA company Ilmltad by guarnnts•l Notss to th• flnanclal stat•m•nts For the year ended 31 December 2023 11. Truste￿. remun•ratlon and tx￿￿￿8 Simon Bateson recoN•d remun8ration in his rapaaty of Lead Pastry ￿ nol as a Trustee. This remunoration amounted to £S4.83212￿22.' £53.2451. tJring th8 ￿T, Trustees recdved any remunerdlM)n ￿ thr b8ngfft812022- £NILI. rfng tha 8ndl 31 DerAwrtsr 2023. no Trustee exper&se6 have InuJrTed12022- £NILI. 12. Tanglble f￿•d assets Freehold Flxture6 and Computer Other fixed property fftllng6 8qulpment assgts Totsl Cost or valuatlon At 1 January 2023 Additic￿S 1.631.455 95.983 147.452 27.954 55.613 1.902.844 65.170 At 31 December 2023 1,631.4S5 104540 147A52 83,567 1,968,014 Depredatton At 1 January 2023 Charge forthe year 377.027 64.073 141.164 601571 71.474 2A92 At 31 Decerrthi 2023 441.IlXI 90.872 146,on 678.045 Net book value At 31 D8LpmLw 2023 1.190.355 14.668 1.379 83.567 1.289.969 At 31 Dèe8mbor 2022 1.254,428 6,288 27,954 1,296,273 Freehold larky of£350,0(KJ in relatim to ts RNW5kJe Campus has not been depr8ri8ted 8s its resi￿81 valua is likaty Io &xc68d its valuation aNI IhgfvfLYè *C0Th)n￿ useful lif8 is likdy to bè infinit8. 13. D8btor5 2023 2022 Duo wlthlrt on• y•ar Tr8d8 d8btors S,795 3,524 Tax recoverdtAe 2.708 11.235 9,319 Pay8 29

Riverside Church IA Company Ilmltsd by guarant8•) Notss to the fflnanclal stst•monts For the year gnded 31 December 2023 14. Creditors.. Amounts falllng du• wlthln yoar 2023 2022 Bank k)8rk 9.599 3.452 9,093 4400 17,364 5,182 16.104 3.105 Tr8de ueditor Other taxation and scoa seujrity Ac£ruals aThJ deferred inc 26,544 41,755 15. CreditOf5.' Amounts tslllng due after mor• than ono y•ar 2023 2022 Bank kjans 433.165 538,130 Page 30

RiveTsÈde Chur¢h {A Company Ilmlt•d by guarnnt•• Not•s to th& financlal statemènts For the year end￿ 31 D•c•M￿r 20rJ Included within the th)ve ¥e amounts f8liry due as folryws: 2023 2022 B•lwe•n on• and two y••$ Bank loans 10,422 18,122 Belw¢en two and flva y•ars Bank lo 36.936 59,226 Ov¢r11¥g years Bank loans 385.807 460.782 The aggregate an￿nt oflithlths parab￿ or repayth ￿)llY0r in wt rrore than five ￿ar5 after the rgporting datg 1$.. 2023 2022 Paydbl8 or repayable by inS￿mentS 384807 460,782 384807 460.782 Thg amounts in bank lows rdate to a rtrmortg&Je from HSBC UK Bank PLC. and were prevIou￿Y used to purchasa th8 51t8 for th8 n8w churth building. There 15 8 guaranle8 in favour of HSBC UK Bank PLC over the proFerty at RNers*Je Works in rekts.on to thls b)an. Pa￿31

Riverside Church IA ¢ompany Ilmrted by guarantse) Not9• tt> finandal ststements For th• y•ar •nd•d 31 Doeontber2023 16. Statement of funds Slat•rn8nt of fvnds-curr•nt y•ar Balan¢0 at 31 Transfers D0￿mb￿r Irtlout 2023 Balan¢e at 1 January 2023 Incom• Exponditur• UnMstrkt•d lunds Oeglgnated funds General fixed res9fVg Designated fixe(l asset furn 100.000 $89.966 20.000 257.239 120.000 847205 689.96fj 277.239 967,205 General fund¥ General funds 638,443 417.671 1494243} 1297.811) 264,060 Total Unr•strkted lunds 1,328,409 417.671 14942431 120.5721 1.231,265 Restricted fvnds BuitrJiThJ Devewnerrt Fund Heme Bay Hub Pr(48Ct Defibrillator grant Christmas prde¢t 130.0721 (TT11 771 31 31 2,474 20.120 120.6451 3.801 29.620 151.4881 20,572 2,505 Total of fvnds 1.332210 447,291 1545.731) 1,233,770 Page 32

Rtverslde Church (A company Ilmlt•d by guarant••l Not•s to thè finanelal stst•monts For tho y•ar •nd•d 31 D•c•m￿r 2023 16. Stat•m•nt of fvnds Itontinuodl Trnnsfers b8tW8en fvnds Designated fixed as5etfund- th8 transf8r of£257,239 fr(Mn unwtricted fvnds represents the dedslon by th& Trustees to show separate the fuThts allLKated to ILxed a&%ets a580cith 10abil￿es. G&neral reservekn transfer of £20,000 re(XN8d from unrestricted general fvnds is to rg11gCt g decision by the Tmstees to in(￿aSe the level offixed reseNes to £120,000. PuTpos•s of dg$1gnatod funds Ganoral Fixod Roservo- this rèwèsants fu￿1$ sèt aside in al￿rdanC with th8 Ch8ritys r888rv85 pofw. D8&gnated fixed assat fuThJ- this r8pr858nts the tMKA( valu8 of ihe fixed assets18ss any assoaated lia￿l￿e$ and are deem￿ by the Trustees not to L freely availatAe fur¥Js. Purposes of r•strlct•d lunds Building D8vdw8nt fund {pr8viousty Phase 3 fundl- fvs reprewts ￿0￿nts donated lo the churth in relation b the davdokwnent of Ihe Ilvet5Klo Churth sttè irKI￿lIng Ih9 area kr￿￿ as Phasg 3. H8rn8 Bay Hub Prui8Ct- lh￿ r8prg8ents anKJunts (k)nat￿l to the thurth in re￿tic￿ lo the H8me Bay Hub Project. Defibrillator grant- thi5 reF¥Bsents anK)unts donated to the cP￿rth in retation to Ihe ofa dgfibrillator. Chiistmas project fun& this Tepresenis an￿n[S dc#￿Ied to Ihè thurch In rdation to thè Christmas rKojects. Page 33

Riverside Church {A ¢ompany IlmSt•d by guarnnt••l Not•s to the Ilnanclal statèmonts Forthe yearended 31 D•c•mber2023 16. Ststement of funds {eontinuedl Statement of funds- priory•ar B8Lqne8 at 31 D￿ember 2022 Balan￿ at 1 January 2022 Transla i￿out IneDm8 Expendrture Unrestrkted fvnds Deslgnated fund¥ General fixed reseN6 Designated fix&J ossetfund 80,O)0 810,901 20.1)00 1220.9351 100,000 5B9,966 8￿1.901 1200.9351 689,966 Gon•ral funds General ftsrKIs 403.gm 627,911 1586,8561 193,444 638.443 Totsl unrgstr1￿9d fund8 1,294.845 627,911 1586,856 17.4911 1,328.409 R8stricted fvnds Bu1￿1n0 Devekyrn8nt Fund Pantry P￿Je￿ Hern8 Bay Hub Projed Defibrillator grant Youth Fw 10,340 124.0511 13.711 16.2291 6,229 2,305 31 1.513 13.4361 771 31 11.5221 110.6661 19501 Christmas project Hearing Fund 13.665 2,999 10.078 26.857 140,6251 7.491 3,801 Total of funds 1.304.923 654,768 1627,481) 1.332,210 Page 34

Riversld• Chureh IA company Ilmlt•d by guarants•l Notss to th• thnandal stst•mènts For the yearended 31 December 2023 1& SLit•ment of funds leont1n￿d) Transfer8 botW8•n funds {prfor yw} Deslgnaled fixed asset fund- Ihe transfèr of £220,935 to unrestrfcted fijnds represents Ihe dedslon by Ihe Trustees to show separate the funds alwted to fixed assets less ￿Y asso¢kqted liabilities. General fixed reseNew the trwsfer of £20.0￿ r￿Ve￿ from Unrestric￿ general fiJrNJs Is to reflect a dwisKJn by thg Trustees lo in(xea8e thg18vel of fixed reserv86 10 £l00.CK)O. Panty Project- the transfer of£6.229 to ￿n￿trIcted fvThJs rewesents a transferto ￿fleCt that the￿ Is no r8mainiry balanc8 ol r8slrMtsJ funds aibibutatrA8 to lh￿ fund. Ih8r8for8 th8 r8Stricied fvnd has (ased. Purpos￿ of rg5trictsd lunts {wiorygarl Pantry Project- this represents amounts donabl to the in re￿tion to the Panty Projec Youth fijnd-this represents wnounts donated b) the thurch in relal)n to Ihe Y¢yJth aCtiv￿e9. Hearing luTh>this reF*esents grants recewj in relabc¥) to helping fjjnd hearing packs. 17. Summary of fvnds Summary offvnds- ￿￿ent year 8alan¢• at 31 Trnnsf•rs D•￿mbar Inlout 2023 Balance at 1 January 2023 ¢ome Expendlture Designated luThJs General funds Restrictwj funds 689,966 277239 1297,811} 20,572 967.205 264,060 2,505 417,671 29,620 1494.2431 (51.4881 3￿01 1,332,210 447391 IS45.7311 1.233.770 Summary of funds- prioryear Balance al 31 December 2022 Balanc• at 1 January 2022 IrKome Eyp8nditure Transfers inlout Designated funds General futyjs Rostrictgd ￿rnds 890,911 403,944 10,078 1200,9351 193,444 7,491 689, 638,443 3,801 627,911 1586.856) 140.6251 1,304.923 654,768 1627,4811 1,332,210

Rivorslde Chwrch IA company Ilmltsd by guardnt••l Notes to tha fflnnclal ststèmènts For y•ar •nd•d 31 D•￿mbar 2023 18. Analysi5 of net assets between lunds Analys15 of net assets b8t￿n funds- current year Unrestrlcted Restrlcted funds funds 2023 2023 Total Jnds 2023 Tangible fixed a&89ts Current assets Creditors due within one Jpar Cre¢Jtors due In more than one sear I.289.￿9 401.005 126.5441 1433.1651 1,289,969 403,510 126.544) {433.1651 2,X15 Tolal 1.231.265 1.233.770 AnaFy$is of net assets bet￿n furtds. wlor year Unrestricted Restricted lunds fvnds 2022 2022 To¢al funds 2022 T8ngibl8 fix8d a￿ts Current asseis c￿rtorS due within ￿ y88T Cr•Yitors due in more Ihan one ypar 1.296.273 612.021 141,7551 1538,1301 1,296,273 615,822 141,7551 1538,1301 3.801 T)tal 1,328,409 3.801 1,332,210 19. P•n$lon ¢ommltmBnts Th• Charity oporatos a definwj contribubcffi sdwn8. Thg assgts of lh8 Schemè ar8 hakj separatdy from those of the Charity in an irKlepend8nlly alministered lund. The pensfvjn cost charge reprèsants eontrfbullons payable by the Chanty to the fund and amount￿ to £9.02412022 . £8,186). At tho balance sheet dat&, no ¢xntribul)ns We￿ due12022.. £f.3001 and Ere in cr8ditors in lh8 evious year. 20. Relatod party traTrsactlons Dullng th8 ￿ar. 512022." 6) Charity ha¥8 mado th)natic￿$ to the Charbtytotalling £29,95012022.' £33,483). L Bushel, the daughter of D Bushell. a Trustee of the Charitywas emFIW durirYJ the yEar. The total cnwansab"on she r￿￿ed was £22.93112022: £19,822} oxnrwsurate to this roie. Pw36