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 Rivers*ts Cfvjrth. Thanet Way, WhttStab￿. CT5 3JQ.
The finandal Statements have been wep*ed ￿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 oll*rwise 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 ba*s. 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 rer*iv•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 d8*ls of covenant is
Twnised at the time of Ihe th)naDon.
Income tax ￿Coverab￿ in rdatic•) io inveslmenl incc*ne 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 rewv*A8 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 t*en 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 cAnyir*J value of any fvxed assel may Th)t be recovernble. Shorlfalls belwean the carywng
Val￿ of any fix*d 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 fc*r•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•$t r8¢èlvabl•
Inter8St on ftjnds hekl on deposit is knduded r￿￿Vable and the amount (xn ￿ measured
luatAy by the Charttab18 company. this is norrnalty urxjn notifi&gtion of th8 intsrest paid or payabl8 by
th8 insttiution wrfh WhC￿ the knds are depothj.
2.13 Llabilities and provlslons
Liabl1t￿8 are re¢ognised when the￿ is 8n obligation at Ihe 88Lqnc8 she8t d*e a3 a resuk of a past
ev8nL it is probable that a transfer ol economic benefft wll be requ￿￿ In sethement. and thè amount
of the selll&ment can bÈ estimat*l reliabty.
LL41￿litIeS a￿ reixNJnksed at the amount that the Chartsble (ornpany anbcipates it pay to setde
the debt or the am(¥Jnt it has rethiTrAI a5 ad*dnL¥J pa￿ents for the or servK8S it must
prowdg.
Prows•Th are rneasu￿ at ￿ best ests.mate ofthe aML￿nts fequired to s&tUe the Obligati(￿. Wh&r8
the 81foCt of th8 time value of rnr￿Y is material. the provision is based on the presert valw ofthose
amounts. disc￿n1￿j at the pre-tsx discount rate Ihat reflects the risks speafic to the liabilty. The
Ur￿l[￿ing of Ihe di$￿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 exF*Cted 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.
t*Jring th8 ￿T, Trustees recdved any remunerdlM)n ￿ thr b8ngfft812022- £NILI.
rfng tha 8nd*l 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 ffln*nclal 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
c*nwansab"on she r￿*￿ed was £22.93112022: £19,822} oxnrwsurate to this roie.
Pw36