## **RIVER OF LIFE CHRISTIAN CENTRE**
## **REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
**A COMPANY LIMITED BY GUARANTEE NUMBER 07455503**
**CHARITY NUMBER 1139988**
## **RIVER OF LIFE CHRISTIAN CENTRE**
**(A COMPANY LIMITED BY GUARANTEE)**
**INDEX TO THE REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Page**
1 - 5 Trustees' report 6 Independent examiner's report 7 Statement of financial activities 8 Balance sheet 9 -14 Notes to the financial statements Non -statutory page 15 Detailed income and expenditure account
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
The trustees have pleasure in presenting their annual report together with the financial statements of the Charity for the year ended 31 December 2022, which are also prepared to meet the requirement for a directors' report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
## **LEGAL STATUS**
River of Life Christian Centre is charitable company limited by guarantee, governed by memorandum and articles of association.
## **TRUSTEES**
The trustees who have served during the year are as follows:
||Rev S Chaudhary|||
|---|---|---|---|
||A Christaki|||
||D Torrington|||
||Rev I Williams|||
|**Registered Office:**|26 Trym Road|||
||Westbury-on-Trym|||
||Bristol|||
||BS9 3EP|||
|**Independent examiner**|Graham Barber|||
||Chartered Accountant|||
||Graham Barber Accountancy Limited|||
||4 Beaufort West|||
||Bath|||
||BA1 6QB|||
|**Solicitors:**|Stewardship Services|||
||PO Box 99|||
||Loughton|||
||Essex|||
|**Principal bankers**|HSBC Bank plc|||
||11 Canford Lane|||
||Westbury-on-Trym|||
||Bristol|||
||BS9 3DE|||
|Registered company number|7455503|Registered charity number:|1139988|
1
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Legal Status**
River of Life Christian Centre (Hereafter referred to as RoLCC) is a charitable company limited by guarantee, governed by memorandum and articles of association, which completed its transition to a charitable company back in 2010 as agreed by its membership.
The attached financial statements present the financial transactions of the charitable company for 12 months to 31 December 2022, with the comparative figures being for the 12 months ended 31 December 2021.
RoLCC, a Church and registered charity continues to operate under its own constitution established and agreed by the charities commission on 29[th] September 1983 and amended 27th July 1987.
RoLCC is a local independent Church led by pastor Ian Williams. By independent it is meant that the Church is not tied to a denomination; although is networked with other like-minded Churches, charities and organisations.
## **Management and pay policy**
There are 4 trustees who meet periodically where they discuss current issues and future plans concerning the charity. They review best practice according to the most to date information provided. The 3 trustees are the key management personnel. Three Trustees are not remunerated and give their time freely. Pay of Ian Williams, the pastor is set out in note 12 to the financial statements. Pay is reviewed annually taking into account cost of living and other pertinent factors.
## **Appointment and training of trustees**
New trustees are appointed in accordance with the Articles of Association, who can bring the requisite spiritual qualities to the leadership of the church. New trustees are provided with the Articles of Assocaition and other material published by the Charity Commission setting outthe responsibilities of being a Trustee. There is no maximum number of Trustees. Trustees are not required to retire by rotation.
## **CHARITIES ACT 2011**
The trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have regard to the public benefit guidance published by the charity commissioners and in particular the specific guidance on charities for the advancement of religion. The Trustees can demonstrate that its activities benefit the public in the following ways:
## **OBJECTIVES**
The trust deeds define the objectives of the Church, but are summarized as follows:
The mission statement of the Church is to be a strong lively Church. To be a Church where the gifts, talents and abilities of each person can be discovered and fulfilled.
To be a Church able and willing to reach out and meet the needs of the community, with the intention of bringing them to a commitment to Jesus Christ and then leading them on into a productive Christian life.
We accomplish these objectives through the encouragement and the involvement of individuals using and developing their own abilities in ways that meet the objectives.
2
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **SUMMARY OF ACTIVITIES, DEVELOPMENTS & ACHIEVEMENTS**
## **Legal Status**
River of Life Christian Centre (Hereafter referred to as RoLCC) is a charitable company limited by guarantee, governed by memorandum and articles of association, which completed its transition to a charitable company back in 2010 as agreed by its membership.
The attached financial statements present the financial transactions of the charitable company for 12 months to 31 December 2022, with the comparative figures being for the 12 months ended 31 December 2021.
RoLCC, a Church and registered charity continues to operate under its own constitution established and agreed by the charities commission on 29[th] September 1983 and amended 27th July 1987.
RoLCC is a local independent Church led by pastors Iain and Jenny Williams. By independent it is meant that the Church is not tied to a denomination; although is networked with other like-minded Churches, charities and organisations.
## **Management and pay policy**
There are 4 trustees who meet periodically where they discuss current issues and future plans concerning the charity. They review best practice according to the most to date information provided. The 3 trustees are the key management personnel. Three Trustees are not remunerated and give their time freely. Pay of Iain Williams, the pastor, is set out in note 12 to the financial statements. Pay is reviewed annually taking into account cost of living and other pertinent factors.
## **Appointment and training of trustees**
New trustees are appointed in accordance with the Articles of Association, who can bring the requisite spiritual qualities to the leadership of the church. New trustees are provided with the Articles of Association and other material published by the Charity Commission setting out the responsibilities of being a Trustee. There is no maximum number of Trustees. Trustees are not required to retire by rotation.
## **SUMMARY OF ACTIVITIES, DEVELOPMENTS & ACHIEVEMENTS**
In the last 12 months, there has been a settled period for the church and it saw steady growth both in terms of congregational attendance and finances. This is largely due to a steady influx of new people making RoLCC their spiritual home. There are now approximately 75 people who call RoLCC their spiritual home and a core of around 45-50 who attend very regularly.
Iain continued to encourage the Church in all aspects of the Christian life but there has been a focus on getting back to biblical basics such as simplifying the gospel; cultivating a devotional life and applying the core principles in Jesus’ ministry. Kids’ church is growing and a new youth group has been established.
We also had out first baptisms in several years and have begun some remedial and repair work on the building. In addition, we have upgraded some of the audio-visual equipment in preparation for future developments like live broadcasting and digital recording. Important work around safeguarding has also been reviewed with new DBS checks in place as appropriate.
It has been an encouraging year with sure signs of physical and spiritual growth building on the hard work and dedication of the previous incumbents, Stephen and Lesley Chaudhary.
3
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Strategic Aims**
The Church has is now back to ‘normal operations’ with Covid well and truly behind us. Work continues to develop the following aspects of the church’s vision and ministry:
**Clarifying the vision and** consequently, **the mission** of the church around the following areas: The Great Commandment (Matthew 22); The Great Commission (Matthew 28) and the life of the early church in Acts 2.
**Changing to a CIO** (charitable incorporated organisation) to streamline the legal governance framework around which the charity operates. This will also be an opportunity to review our constitutional documents to ensure they are up to date and relevant.
**Developing a spiritual leadership group** , drawn from the congregation who will work alongside the pastor to lead and be accountable for the spiritual development of the church.
**Enlarging the trustee team** to be more reflective of the congregation’s professional and cultural representation.
**Developing the Kids’ and Youth programmes and accommodation** . This is an essential area of investment for us regarding maintaining a healthy future.
**Repairing the roof, gutters and windows** following a quinquennial building report in 2022.
**Redesigning the website** in line with a clarified vision and mission alongside potential changes resulting from the change to a CIO.
## **FINANCES**
No policy has been discussed by the trustees for holding or making investments. The charity’s assets are currently invested entirely with banks, and no change to this policy is currently envisaged.
The objectives of RoLCC are supported by the freewill giving of tithes and offerings by its members and congregants. Pastor Ian Williams receives a salary, and charitable gifts are made by the Church to support missions whether overseas or within our own locale, including those in need of financial support.
Any funds not used month by month are transferred to a high interest short term account. Other day to day funds are held with HSBC.
Unrestricted income for the year exceeded expenditure by £38,778, (2021 £2,750). Restricted income for the year exceeded expenditure by £1,000, (2021 £nil). Accumulated unrestricted funds at 31 December 2022 amounted to £278,723 (2021 - £239,945. Free reserves were £127,171 (2021 - £92,907).
4
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Relationships with other Charities and Organisations**
RoLCC does not have any formal relationships with other charities, organisations other than those stated above; however, we have a good relationship with other local Churches and a number of informal relationships, including:
- Hillsong Church London
- The Ascension Trust (Street Pastors governing body)
- International Gospel Outreach (Ministry organisation)
- Unseen(Charity that supports victims of modern-day slavery)
- One25 (Charity that supports victims caught in the sex industry)
- HOTS (Bristol)
- Other local churches and community groups
## **TRUSTEES' RESPONSIBILITIES**
The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulations.
The trustees are required to prepare Financial Statements for each financial year in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102: _The Financial Reporting Standard applicable in the Uk and Republic of Ireland_ (United Kingdom Accepted Accounting Practice. The Financial Statements are required by law to give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources of the Charity for that period. In preparing these Financial Statements, the Trustees should follow best practice and:
-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charities SORP;
-make judgements and estimates that are reasonable and prudent;
-state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
-prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.
## **INDEPENDENT EXAMINER**
Graham Barber has indicated his willingness to submit himself for re-appointment as independent examiner.
By order of the board of trustees
D Torrington Trustee 24 September 2023
5
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Independent examiner's report to the Trustees on the unaudited financial statements**
I report on my examination of the financial statements of the Company for the year ended 31 December 2022 set out on pages 7 to 14.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also 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 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 your charity’s accounts as 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 report**
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 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.
**Graham Barber BA ACA 4 Beaufort West GRAHAM BARBER ACCOUNTANCY LIMITED Bath**
**Dated: 24 September 2023**
6
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|Notes
**Income**
Donations and gifts
1
Investment income
2
**Total Income**
**Expenditure**
**Expenditure on charitable activities:**
Gifts and grants
5
Other direct charitable expenditure
5
**Total expenditure**
3, 5 & 6
**Net Income/(Expenditure) for the Year**
**Reconciliation of funds**
**Balances brought forward at 1 January 2022**
**Balances carried forward at 31 December 2022**|**Unrestricted Restricted**
**Total**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**62,155**
**1,550**
**63,705**
**327**
**-**
**327**
**62,482**
**1,550**
**64,032**
**1,770**
**550**
**2,320**
**21,934**
**-**
**21,934**
**23,704**
**550**
**24,254**
**38,778**
**1,000**
**39,778**
**239,945**
**43**
**239,988**
**278,723**
**1,043**
**279,766**|**Total**
**2021**
**£**
53,307
174|
|---|---|---|
|||53,481|
|||1,864
48,867|
|||50,731|
|||2,750
237,238|
|||239,988|
All activities are classed as continuing.
The notes on pages 9 to 14 form part of these financial statements.
7
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET**
|**RIVER OF LIFE CHRISTIAN CENTRE**
**(A COMPANY LIMITED BY GUARANTEE)**
||||
|---|---|---|---|
|**BALANCE SHEET**
**AS AT 31 DECEMBER 2022**
Notes
**Fixed Assets**
Tangible fixed assets
7
**Current Assets**
Debtors
8
Bank balances
**Creditors**: Amounts falling due
within one year
9
**Net Current Assets**
**Total Assets Less Current Liabilities**
**Income funds**
Unrestricted funds
General fund
Restricted funds
10
Total funds|Company number
**£**
**£**
**151,552**
**10,122**
**120,922**
**131,044**
**2,830**
**128,214**
**279,766**
**278,723**
**1,043**
**279,766**
**2022**|7455503
147,038
9,054
87,515
96,569
3,619
92,950
239,988
239,945
43
239,988
**2021**||
||||239,988|
||||239,945
43|
||||239,988|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022 relating to small companies.
The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 24 September 2023
**----- Start of picture text -----**
D Torrington A Christaki
Trustees
**----- End of picture text -----**
The notes on pages 9 to 14 form part of these financial statements.
8
## **RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
1. Accounting policies
(a) The financial statements have been prepared in accordance the Financial Reporting Standard 102 and Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties affecting the ability of the charity to continue as a going concern.
- (b) Donations
Donations, legacies and other forms of voluntary income are recognised within the statement of financial activities account when they become receivable, which is when the charity becomes entitled
- Property improvements 10% straight line
- Office equipment
25% reducing balance
to the resource. Income tax recoverable on gifts received is recognised in the year in which the related gift is receivable.
- (c) Investment income
Investment income is included in the SOFA when receivable.
- (d) Basis of allocation of expenses
Expenses are recognised when incurred and are apportioned where possible exactly to the category to which they relate. In circumstances where this is not possible the trustees apportion the amounts.
These represent costs incurred by the charity in the management of resources, organisational administration and compliance with constitutional and statutory requirements.
- (e) Pension costs
The charity operates defined contribution pension scheme arrangements. Contributions payable to the
schemes are charged to the statement of financial activities in the period to which they relate. These contributions are invested separately from the charity's assets.
- (f) Capitalisation and depreciation of tangible fixed assets
All tangible fixed assets with an acquisition value of £750 or more are capitalised.
Depreciation is calculated to write off the cost of equipment over the estimated useful lives on a straight line basis at 20% per annum.
No depreciation is charged on freehold church building, which is subject to a regular program of inspection and maintenance.
- (g) Funds accounting
Funds held by the charity are:
Unrestricted general funds - these funds can be used in accordance with charitable objects at the discretion of the trustees.
Restricted funds - these are funds that can only be used for a particular restricted purpose within the objects of the charity. Restrictions arise typically when offerings are taken for particular restricted purposes.
9
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|**2. Investment income**
Interest on bank and building society deposits
**3. Net ncome/(expenditure) for the year**
Surplus for the year is arrived at after charging/(crediting)
Remuneration of trustees (see note 12)
Trustees' expenses reimbursed
Remuneration of Independent Examiner
Remuneration of Independent Examiner - other services
Legal fees
**Staff costs and numbers**
Wages and salaries
Social security costs
Pension costs
**Staff numbers**
Total
Pastoral
**Staff numbers**
Full time equivalent (37.5 hours per week)
Pastoral
No employee earned more than £60,000
Key management employment benefit was (see also note 12):
**4. Taxation**|**2022**
**£**
**327**
**327**
**2022**
**£**
**5,838**
**128**
**300**
**1,182**
**13**
**2022**
**£**
**5,838**
**-**
**271**
**6,109**
**2022**
**2**
**2022**
**1**
**5,838**|**2021**
**£**
174|
|---|---|---|
|||421|
|||**2021**
**£**
34,222
730
270
984
26|
|||**2021**
**£**
34,222
-
600|
|||34,822|
|||**2021**
**2**|
|||**2021**
**1**|
|||34,222|
||||
The charity is exempt from payment of taxes on surpluses. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
10
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5. Expenditure on charitable activities**
|**Unrestricted**
**Funds**
**£**
Activities in Bristol
**23,514**
Activities overseas
**190**
**23,704**
**Expenditure by type of cost**
**£**
Staff costs and ministry
**6,237**
Activities
**4,222**
Property costs
**14,531**
Office costs
**489**
Asset disposal surplus
**(7,100)**
Depreciation
**2,060**
**20,439**
Governance costs (note 6)
**1,495**
Gifts and grants
**1,770**
**23,704**
**Analysis of gifts and grants**
To organisations
Charity No.
David Chaudhary Ministries Childres Home
1092114
(see note 11.)
ThirtyOneEight
1004490
Mission Destiny
Mission
**To individuals for ministry**
5 (2021 - 4) gifts
**Other gifts to individuals**|**Restricted**
**Funds**
**£**
**550**
**-**
**550**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**550**
**550**|**2022**
**£**
**24,064**
**190**
**24,254**
**£**
**6,237**
**4,222**
**14,531**
**489**
**(7,100)**
**2,060**
**20,439**
**1,495**
**2,320**
**24,254**
**2022**
**£**
**-**
**-**
**500**
**50**
**550**
**1,375**
**395**
**2,320**|**2021**
**£**
50,541
190|
|---|---|---|---|
||||50,731|
||||_£_
35,552
2,694
7,772
155
-
1,414|
||||47,587
1,280
1,864|
||||50,731|
||||**2021**
**£**
190
129
-
-|
||||319
1,545
-|
||||1,864|
11
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|**6. Governance**
Legal fees
Remuneration of Independent Examiner
Remuneration of Independent Examiner - other services
**7. Tangible Fixed Assets**
**Cost**
At 1 January 2022
Additions
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
Cost is the original cost of the freehold premises to the
**8. Debtors**
Income tax recoverable
Prepayments and accrued income
**9. Creditors: Amounts falling due within**
**one year**
Accrued expenses
Taxes and social security
Pension contributions
Other creditors|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**13**
**-**
**300**
**-**
**1,182**
**-**
**1,495**
**-**
**Freehold**
**property**
£
**145,903**
**-**
**145,903**
**-**
**-**
**-**
**145,903**
145,903
original unincorporated charity.|**Total**
**Total**
**2022**
**2021**
**£**
**£**
**13**
26
**300**
270
**1,182**
984
**1,495**
1,280
**Equipment**
**Total**
£
£
**16,683**
**162,586**
**6,574**
**6,574**
**23,257**
**169,160**
**15,548**
**15,548**
**2,060**
**2,060**
**17,608**
**17,608**
**5,649**
**151,552**
1,135
147,038
All assets are held for use.
**2022**
**2021**
**£**
**£**
**10,047**
9,004
**75**
50
**10,122**
9,054
**2022**
**2021**
**£**
**£**
**1,141**
1,831
**706**
1,276
**107**
141
**876**
371
**2,830**
3,619|**Total**
**2021**
**£**
26
270
984|
|---|---|---|---|
||||1,280|
||||**Total**
£
**162,586**
**6,574**|
||||**169,160**|
||||**15,548**
**2,060**|
||||**17,608**|
||||**151,552**|
||||147,038|
||||9,054|
||||**2021**
**£**
1,831
1,276
141
371|
||||3,619|
12
## **RIVER OF LIFE CHRISTIAN CENTRE**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. Charitable funds**
|**Charitable funds**|||
|---|---|---|
|**At**
**1 January**
**2022**
**£**
Restricted
Missions
-
Mission Destiny
-
InHope(Bristol) Ltd (Wildgoose)
43
Baptismal pool
-
Individuals for ministry and mission
-
Resricted funds
43
Unrestricted funds
239,945
Total funds
239,988
**At**
**1 January**
**2021**
Restricted
**£**
Orphanage fund
-
InHope(Bristol) Ltd (Wildgoose)
43
Individuals for ministry and mission
-
Restricted funds
43
Unrestricted funds
237,195
Total funds
237,238|**Movement in resources**
**Income**
**Expenditure**
**£**
**£**
50
50
500
500
-
-
1,000
-
-
-|**At**
**31 December**
**2022**
**£**
-
-
-
43
1,000
-|
||1,550
550
62,482
23,704
64,032
24,254
**Movement in resources**
**Income**
**Expenditure**
**£**
**£**
190
190
-
-
100
100
290
290
53,191
50,441
53,481
50,731|1,043
278,723|
|||279,766|
|||**At**
**31 December**
**2021**
**£**
-
43
-|
|||43
239,945|
|||239,988|
Restricted funds are principally gifts received for specific purposes as a result of:
- annual thank offerings
- gifts for local projects
- giving to meet special needs in the World and other specific purposes Such gifts and offerings are normally passed on to the nominated beneficiaries soon after receipt. The balance of the restricted fund is held in the bank account.
13
## **RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11. Prior year fund comparatives**
|**11. Prior year fund comparatives**||||
|---|---|---|---|
|**Income**
Donations and gifts
Investment income
**Total Income**
**Expenditure**
**Expenditure on charitable activities:**
Gifts and grants
Other direct charitable expenditure
**Total expenditure**
**Net Income/(Expenditure) for the Year**
**Balances brought forward at 1 January 2021**
**Balances brought forward at 31 December 2021**|**Unrestricted**
**£**
53,017
174
53,191
1,574
48,867
50,441
2,750
237,195
239,945|**Restricted**
**£**
290
-
290
290
-
290
-
43
43|**Total Funds**
**£**
53,307
174|
||||53,481|
||||1,864
48,867|
||||50,731|
||||2,750
237,238|
||||239,988|
## **12+Related party transactions and commitments**
## Trustee remuneration
Under the Memorandum of Association, clause 6, a minority of Trustees may be remunerated for services provided under a contract of employment.
Remuneration, pensions and benfits for employed pastor was as follows in the year ended 31 December 2022
||**Rev I**|**Rev SPV**|
|---|---|---|
||**Williams**|**Chaudhary**|
||**2022**|**2021**|
||**£**|**£**|
|Salary (2022 Williams, 2021 Chaudhary)|**5,838**|34,222|
|Employer pension contributions|**271**|600|
|Reimbursement of expenses incurred|**128**|730|
No other trustee received remuneration or expenses.
Rev SPV Chaudhary is a Trustee of David Chaudhary Ministries Children's Home.
Donations received from Trustees in the year were £10,695 2021 - £9,741 (including Gift Aid recovered).
## **13. Commitments**
There were no outstanding commitments at either period end
14