RIVER OF LIFE CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR TIIE YEAR ENDED 31 DECLMBER 2024 A COMPAIYY LIMITED B Y GUARANTEE NUMBER 07455503 CHARITY NUMBER 1139988
RIVER OF LIFE CHRISTIAN CENTRE {A COMPANY LIMITED BY GUARANTEE) INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOK'fHE YEAR ENDED 31 DECEMBER 2024 Trustees, report Independent examiner's report Statement of financial activities Balancc shcct 9-14 Noics lo the financial statcmcnts Non -statutory page DLtailed iiicome aiid expcnditure account
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) RIPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees have pleasure in presenting their annual report together with the finai)cial slalements of the Charity for thL ycar endcd 31 Dcceinber 2024, which are also preparcd to Tnect thc rcquircnient for a dircctors, report and accounts for Companies Act PUTposes. The financial statements comply with the Charities Act 201 I, the Companies Act 2006, Ihe Mernorandum and Articles of Association, and AccountingT and Reporting by Charities.. Staternent of Rccommcnded Practice applicable to charities preparing ilieir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02). 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 tlie year are as follows,. Rev S Chaudhary A Christaki r) Torrington Rcv I Williams Registered Office: 26 Trym Road Westbiiry-oii-Trym Bristol BS9 3EP Independent examiner Graliam Barber Chartcred Accountant Graham 14arber Accoiintancy Limited 18 Minstcr Way Bath BA2 6RII Solicitors: Stewardship Services PO Box 99 Loughton Essex Principal bankers HSBC Bank plc I I Canford Lane Westbury-on-Trym Bristol BS9 3DE
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Legal Status River of Life Christian Centre (Hereafter referred to as RoLCC} is a charitable company limtted by guaralltee, gFOV¥Tngd by memorandum and articles oE-a8sociation, whicli coinpleted its transition to a charttable company back in 2010 as agreed by il8 mLmbeTship. Thv attaLhed financial statements present the financial transaLtion5 of the charitable company for l ? monlhs lo 31 DecembLr ?024, with the comparative figureq bLing for the 12 months ended 31 December 20?3. ROLCC. a Church and registered chartty continues lo operate undLY its own constitution established and agreed by the charities commi%sion on ?9th September 1983 and amended 27th JLily 1987. ROLCC is a local independent ChurLh led by pastors lai) & Jeni)y Williams. By indepLndLnt il 15 meant that the Church is not tied to a denomination. although is ncttvorked wiih other like-rnindLd Chur¢hes, charities and organisations. M4n4gement and pay policy Thcrc ar¢ 4 trustLLs who meet periodiLiilly where they discuss current issues and luture plans concerning the charity. They review best practice according to the most to dati. information provided. The truslLes are the key management personnLI. Thxee Tru.%tees arL not reniuneraled and givL their time freely. Pay of lan Williams, (lie paslor is .8et ()ut in note 12 lo thc financial stalemenls. Pay is reviewed annually tak.ing into account cost of livingF dnd other perlinLnt factors. Appointment and tr84ining of trustces New trustees are appointed in accordance with the Articlcs of Association, who can bring thc requisitc spiritual qualities to the leadership vf the church. New trustees are provided with the ArtiLles of Assocailion and oih¢r material published by the Lharity Commission sctting outthe responsibilities of being a Truslcc. Thcrc is no maximLLm nU]b¢r of Trustees. Tnle¢S are not required to relire by rotation. CHARITIES ACT 2011 The trustees have complied with the duty in section 17(5) of the Charities Act 201 I to have regard to the public benefit guidance published by the charity commissioners and in partiuular the specific guidanie on charilie.% for the advanLLment of religion. The Trustees can demonstrat¢ that its activities benefit the public in the following ways.. OBJECTIVES The trust deeds define the objcctives of the Church, but are summarized as follows.. The mission statement ot'thL Church is to be a strong lively Church. To be a Chiwch wherc the jft8, lalents. and abilities of each person can be disLovered and fulfilled. To be a Church able and willing to r¢a¢h out and meet the needs of the community, with the intention of bringing them to a commitment to Jesus Chrisl and then Leading them on into a productive Christsan life. We accomplish these objectives through the encouragement and the involvement of individuals using and developing their own abilities in way5 that meet the objectives.
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (CONTJNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 SUMMARY OF ACTIVITIES, DEVELOPMENTS & ACHIEVEMENTS The last 12 months have continu¢d to see growth in key areas.. We have established an additional cell group (hom¢ group) which meets in Southmead, Bristol. The focus ot thL5e is pastoral care and coinmunity outreach wilh ihe overriding purpose of sharing the gospel of Jesus with other8. The Youth ministry has continued to gyrow with younger childreii gradualing and moving up lo the youth group. A SUCCF.SSFUL Alpha course was piloted with the new programme ¢arlicr this ycar. Thc Childrcn's minislry has also as new tamilie8 havc joined. Evcn more congregational involvemenl in the Sunday sLrviLL (L.g. bpeaking, taking Communion, chairiT]g nieetings) and ou(reach teams. Strength in the sense of Lonimunity and 'logelherness' ol. the church mcmbers. The vision for church mini8ty ha.q beLn &>ilPPOrted througyh the cell gyioup programmes and weekly services where a slrong message of personal evangelism and di8cipleship ha8 bcLn thL main foLUS. Th¢ kids and youth programmcs havc also gTrrowi) and rther developed as people have been added to lead these probFrammis and nLw childrLn/youth have come thiough. Our involvement with the local primary schoovcommunity widcned a,$ w¢ invcstcd into 35 Chrislmas hampers for fainilies in thL locality who werL in receipt of free school meals. These m&ryde a genuine difference to several families in our IoLality whu Lould not atTord luxury food il¢ms at cIls1mas. Lasl year, we began to investigate the iran8ilion to a C.10 through a local solicitor but had to prioiilise ihis due lo other financial decLSLons thai needed lo bc made. This r¢mains th¢ Lase but is high on the a&Fenda for 2026. We have seen more new church members seltle into our church community this year. It has been wonder1 to see how new pcople are making investments into the church and give of their time, treasures and talents. Thc church rnenibership is growing and our financial income is steady but generous given the size and socio-economic status of ihe congregation. They are generous givers. We have made several improvements to the building by way of repairs to make it watertight and mol'e comfortablL. The tront was also painted to freshen it up and this looks great and in keepinby Wlth it8 original aesthetic. Some issucs rcmain which will need to be considered in light of a bigger programme next yLar. Wc also launched a new website which has b¢Ln much easier to update and ub¢. Wc sc¢ increasing viewslhils each week on this and it has served as a vehicle for many to Lngage with our Lhurch cominunity, Finally, we have been blessed to host 6 guest speakers and ministries this year who have invested into the lif¢ of the church. some of them on nurnerous occasions.
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ELNDED 31 DECEMBER 2024 STIUTEGIC AIMS FOR 2025 Changing to a CIO (charitable incorporated organisation) to streamline the legal goveniance framework around which the charily operates. This will also be an oppoitunity to review OUT constitutional do¢umenls to ensure they are lip to dale and relLvaiit. Developing a spiritual leAdership group, drawn trom thL congFregation who will work alongside ihe pastor to lead and be a¢¢ountable for thc spiritual developmenl of ihe church. These people will be drawn from one of ihe existing cell groups. Enlarging the trustee team 10 be more reflective of ihe congregation's professional and cultural representation. Repairing the rendering on the rear walls to lackle sonie of the damp that has orcurred this year. Update the details on the external signage to bring it in line with the rest of our publicity and contact infonnJtion. Growing the trustee team to be more refleciive of ihL con&7regation's profLssional and cultural representation. Increasing the nurnber of Cell groups and cnsuring they are spread around the city lo ensurc Lasy access for church meinbers. Formally supporting eommunity projeclslinilialives thal are in keeping with our Charitable aims. The aim is to partiier with a number of cornmunily organisations who havL similar objectives lo work within the city of Bristol FINANCES No policy has been diSLussed by Ihc tru.5tees for holding or Inaking inveslmenlg. ThL Llidrity's assets are cuentlY invested eIitirely with banks and biLilding so¢ieties, and no LhangL to this policy 18 eiirrcntly cnvisabyed. ThL' objectives of ROLCC arc 5UPPOrted by Ihc frciwill giving of lithLS and offerin&7s by its inenibcr8 and congregyants. Pastor lan Williams receives a salary, and chariiable gifts lire made by the Church to support missions whether oversea.% or within our own loLale, including thosc in need of financial support. Any tunds not uscd month by month are transferred to 41 high interest short tenn aLLount. Other day io day funds are held with IISBC. UnrLstrictLd expendiknre for the year exceeded inci)me by £14,051, (?023 income greater than expenditure £19,302). Restricted incorne for the year exLCLded expenditure by £nil, {2023 £nil). Accuinulaled unrestricted funds at 31 DeceinbLr 2024 amounted to £283,974 (2023 - £298.025). Free reserves were £131,4?7 (2023- £146,228). Relationships with other Charities and Org#nisations ROLCC does not have any fonnal re14?lionships with other charities, organisations other than those sialed above; howevcr, we havL a blood relatlOll5hip with other loual Churches and a number of informal relqi tionships, including- Hillsong Church London . The Ascension Trust (Street Pastors govcrning body} International Gospel Outreach (Minislry organisation) Uns¢en(Charity that supports victims of modern-day slavery) One25 (Charity that qupports victims caught in the sex industy) HOTS (Bristol) . Other local churches and community groups
RIVER OF LIFE CHRISTIAN CENTRE {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing thc Annual Report and the Financial Slatements in aLcordiinLe 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 AtiLcpled Accounting Practice, including Financial Rcporting Standard l 02: Tlie Fip7ancial Reporting Staiidai-d dpplicable in rhe Uk aiid Republic ofIreland (United Kingdom AcLLpted Accounting Practice. The Financial StatLments are required by law to give a true and fair vicw of the stale of affairs of the Charity and of its incoming rL%ources and application of resources o£-Ihe Charity for that period. In preparkng these Financidl Siaternent8, the Truste¢s shoiild follow best practice and.. -select suitable accounting policies and then apply them ¢onsistenily' -observe the methods and prinLiples in the Charitics SORP. -muke judgements. and eslimatcs thal are I'easonablc and prudent. -state whethLr appliLable accoiinting standards and statemcnts of recommended practlLL have been followed, subject lo any departurLs disclosed and explained in the tinancial sla*ments' and -prLparL thc financial statements on a going concern basis unless it is inappropriate to prcsume that the charity will LontinuL in operation The trustees are responsible for keeping propcr dLcoiinting records whiLh dibclose with reasonable accuracy al any liime the tinanLial Position ol. thc Lharily and enable (hem lo ¢n5ure that the finanL'ial ylatemenls ¢oniply with tlie Companies Act 2006. They are also responbible for safeguarding the assLt8 of the charity and hence for taking reasonable stLPS for the prevention of fraud and oih¢r irregularities. This report has bLLm prepared in accordance with the special provisions for small companies under part 15 ot the Companies AL't 2006. INDEPENDENT EXAMINER Graham Barber has indicated his willingnes5 to submii himself for rc-appointment as independent examiner. By order of the board of trustees D T0IngtOll Trustee 6 September 2025
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINERIS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to Ihe Trustees on the unaudited financial statements I report on tny cxamination of thL fin¢71*[ statemcntb of thL Company for the year ended 31 December 2024 set out on pagL'S 7 to 14. Res onsibilitles and basls of re ort As the charity's tni8tccs of the Coinpany (and iilso il5 dirLLtOTS for thL purpo.%e8 of company law) you are responsibll for thc prcparation of the aLcounts in aLLordanLc with thc rLquirernent8 of the Conipanils Acl 2006 ('the 2006 Acl,). Having.salisfied myself that the accounts of Ihe Company are not required to be audited undcr Part 16 of the 2006 Act and are eligible Lor independeni examinalion, I report in respect of my examination of your charily's accounts as can'ied oiit under section 145 of the Charities Act ?U I l ('the 2011 Acl, l. In earying out my examination I have followed the Direciions given by the Charity Conimi,8sion under section 145(5) (b) of the 2011 Act. Inde endent examlner's re ort I hav¢ completed n]y examination. I confirm thal no matters have come to my attention in connection with the examination giving m¢ L'aus¢ lo b¢lieve: accounling record.8 were not kLPt in rLSPCLt of thc Company as required by section 386 of the ?006 Ihe accoiints do n()t aLLurd with those records. or the accoiints do not coniply with the aLLounting7 requirements of section 396 of the 2006 Acl othLr than any requircment that Ihe accounls give a 'irue and fair view which is not a nidtler L()nsidered as part of an indepLndeiit examination. or 4. the account5 havL not blen prcpared in accordance with th¢ rncihods and principles of the Statemenl of Recon]n)ended Prailice tnr a¢counting and reporting by charities applicabli to charilies prcparing their accounts in accordance with the b inancial Reporting Standard applicable in the UK and Kepublic of Ireland (FRS I O?). I have no concerns and have come acros8 no other matters in connection with the examination to which attention shoiild be drawn in this report in order to enable a proper understanding of the accounts to be reached. G C BARBER, CHARTERED ACCOUNTANT GRAHAM BARBER ACCOUNTANCY LIMITED 18 Minster Way Bath Dated: 6 September 2025
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED B Y GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Total Total Noles 2024 2024 2024 2023 Income Donations and gifts 73,194 2,190 75,384 68,126 Investn)ent in¢ome 2,759 333 Total Income 75,953 2,190 78,143 68,459 Expenditure Gifts and grants Other direct charitable expcndirnre 4,075 85,929 2,190 6,265 85.929 2,861 46,296 Total expenditure 3,5&6 90,004 2,190 92,194 49,157 Net Income/(Expenditure) for the Year (14,051) (14,051) 19,302 Reconcilfiatfion of funds Balances brought forward at l January 2024 298,025 1,043 299,068 279,766 Balances cArried forward at 31 December 2024 283,974 1,043 285,017 299,068 All activities are classed as continuing. The notes on pages 9 to 14 forn] part of these financial statements.
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARALNTEE) BALANCE SHEET Company number 7455503 AS AT 31 DECEMBER 2024 2024 21123 Notes Flxed Assets Tangible fixed a4sels 151,548 151.797 Current Assets Debtor8 Bank balaiices 10,572 126,000 11,329 141,190 136,572 152,519 Creditors.. Amounts falling duc within on¢ year 3,103 5,248 N¢t Current Assets 133,469 147,271 'I'otal Assets Less Current LIAbilltlcs 285,017 299,068 Incomt funds Unrestrictcd fvnds G¢n¢ral fvnd Rcstrict¢d ndS 283,974 1.043 298,02.S 1,043 10 Total fvnds 285.017 299.068 The ¢harilable compl£ ny 15 enliiled to ¢xcmplion from audit undcr S¥clion 477 ofthc Companies A¢t 2006 for th¢ year elided 31 D¢¢¢mb¢r 2024 relaiing ro small companie.%. The trubte¢b havL not rLquircd thc charitable conipany 10 oblain an audit of ils financial statemeiits for the year endid 31 D¢¢¢mb¢r 2024 in a¢cordan¢¢ with Section 476 of the Lompanie5 Acl 2006. The Irusl¢es acknowledge their responsibilities for {al ensiiring thdl IhL ¢haritabl¢ LLimpdny k¢Lps aLcounting records that comply with Section 386 and 387 of the C'ompanics Act 2006 and (bl pr¢paring financial %tatements which give a true and fair view of the state of affairs of the chariiablc company as at the end of each findnvial yL&r and of ils surplus or d¢ficii for ¥a¢h financial year in accordance with the requiremeiils uf Sections 394 and .11)5 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial stalemenls, so f'ar as applicable to th¢ charitable company. These finaniial statements huv¢ Ix¢n pr¢pared in a¢LordanLe with the 5ClaI provisions applicable to companies subjcct lo the small companies regimc. The financial statements were approved by the trustees on 6 September 2025 D Torrington A ChTiStaki
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE FIINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accounting policies (a) The financial statements liave been prepared in accordance the Financial Reporliiig, Slaiidard 102 and Statenient of Recoinmended PTacticc. Accounting and Reporting by Charities (FRSI 02) and the Coinpani¢s Act 2006. The charity meets the defmition of a public benefit ¢ntity under FRS102. Assets and liabilities are initially r¢cognised at historical cost or transaction value iinless othcrwisc stated in tlie relevaiit accoiinting policy notL(s}. Thcrc arc llo nialerial uncertainties affecting the ability of the cliarity to coiitinue as a goinby ¢oii¢¢rn. (b) Donations Donations, Icgacies and other forms of voluntary income are recognised within the statement of financial activities a¢¢ount when they be¢om¢ receivable. which is when the charity bccomes entitled Property improvements l Ots/o Straight line O*fice cqiiipmcnt ?5O/r> reducing balaiice to thc resource. Income tax recoverable on gifts received is recouFnis¢d in thL ycar in which the r¢ldtcd gift is receivable. (c} Investmcnt incomc Inv¢stniciit inLonie is includcd in the SOFA when receivable. (d) Basis of allocation of cxpcnscs Expcnscs are recognised when incurred and are apportioned wher¢ possiblL cxactly lo tlie categyory to whi¢h they relate. In circumstsnces wliere this is not possiblc thL trustees apporiion tlie ainounts. Thesc rcprcscnt costs incurrcd by the charily in the management of resourLcs, organisational administration and coinpliaiice wilh consiitutioiial and staNtory i'equirLincnts. (¢) Pcnsion costs The charity operates defined contribulioii pension s¢hem¢ arrangcments. Contributions payablc to the schemes are charged to the statement of financial activitics in the period to which they relate. These contributions are invested separately from the charity's assets. (fj Capitalisalion and depreciation of tangible fixed assets All tangible fixed assets wilh an acquisition value of £750 or morc are capitalised. Depreciation is calculated to write off the cost of ¢quipmcnl over the estimated useful lives on a straighi line basis at 200/0 per anniim. No depreciation is charged on freehold church building, which is subject to 2 regular program of inspection and maintenance. (g) Pension costs (g) Funds accounting Funds hcld by the charity are". Unrestricted general ndS - these funds can be used in accordance with charitable objects at the discretion of the trusfres.
RIVER OF LIFE CHIUSTIAN CENTRE (A COMPANY LIIMITED B Y GUARANTEE) NOTES TO THE FINANCIAL STA TEMEIYTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 2. Investment income 2024 2023 Interest on bank and building society dcposits 2,759 2,759 333 3. Net ncomel(expendfiture) for the year Surplus for the year is arrived at after charging/(crediling) 2024 2023 Remuncration of tnislees (see note 12) Trustccs, cxpcnses i'eiinbursed Rcmuncration of Independent Examiner Rcniuneration of Independent ExamincT - Othcr scrvices Legal fees 14,018 353 300 960 34 13,704 291 300 1,020 18 Staff costs and numbers 2024 2023 Wagcs and salarics Social security Costs Pension costs 14,018 679 560 13,704 229 558 15,257 14.491 Staff numbers Total 2024 2023 Pastoral Staff numbers Full time equivalent (37.5 hours per week) 2024 2023 Pastoral No employee earnLd more thai) £60,000 Key management employment benefit was (see also notL 12): 4. Taxatlon 14,018 13,704 The charity is exempl from payment of taxes on surpluses. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. io
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 5. Expenditure on charitable aetivities Unrestricted Restricted Funds Funds 2024 2023 Activitie5 in Bristol Activities overseas 88,604 1,400 2,190 90,794 1,400 49,160 90,004 2,190 92,194 49,160 Expenditure by type of Cost Staff costs and ministry Activities Property costs OffEce costs Depreciation 15,609 7,673 58,704 377 2,272 15,609 7,673 14.782 6,832 21,316 160 1,868 377 2,272 84,635 84,635 44,958 Governance costs (notc 6) Gifts and grants 1,294 4,075 1,294 6,265 1.338 2,861 2,190 90,004 2,190 92,194 49,157 2024 2023 Analysis of glfts and grants To organisations Missioii Destiny Children's Hoine Mission Cliarity No. 600 1,400 2,000 1,35 2,915 To individuals for ministry Other gifts to Indivlduals 4 (2023 4) gifts 1,150 1,711 6,265 2,861
RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE} NOTES TO THE FIYA.NCIAI, STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 6. Governance Unrcstricted Restricted Funds Funds Total 2024 Total 2023 Legal fees Remuneration of Independent Examirjer Remuneration of Ind¢p¢ndent Examin¢r- oih¢r servi¢¢s 34 300 960 34 300 960 18 300 1,020 1,294 1,294 1,338 7. Tanglble Fixed Assets Freehold property Equipment Total Cost At l January 2024 Additions 145,903 25,370 2,023 171,273 2,023 At 31 D¢c¢mbur 2024 145,903 27,393 173,296 Depreciation At l January 2024 Chargc for the year 19,476 2,272 19,476 2,272 At 31 Deccmbcr 2024 21,748 21,748 Net book value Al 31 Dccember 2024 145,903 5,645 151548 Ai 31 Deccmbcr 2023 14S.903 5,894 151,797 Cost is th¢ original cost of the freehold premises to the original unincorporated charity. All asscts are held for use. 8. Debtors 2024 2023 Income tax recoverable Prcpayments and accrued income 10,322 250 11,229 loo 10,572 11,329 9. Creditors: Amounts falling duc wfithAn one year AccnTed expenses Taxes and social security Pension contributions Other creditors 2024 2023 1,141 206 88 1,668 1,141 832 88 3,189 3,103 5,250 12
IUVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 10. Charitable funds At l January 2024 Movement In resources InconTre Expenditure At 31 December 2024 Restricted Children's Missions InHope{Br(stol) Ltd (Wildgoose) Baptismal pool Christnias hampers Individuals for ministry dnd missioi 1,000 L,000 43 I,ouo 43 1,00 1,190 1,190 Resricted funds 1.043 2,190 2,190 1,043 Unrestricted ndS 298,025 75,953 90,004 283,974 Total (unds 299,068 78,14J 92,194 ?85,017 At l January 2023 Movement In resour¢e$ Incnme Expendlture At 31 December 2023 Re5trictcd InHopL(Bristol) Ltd (Wildgoose) Bapti%mal pool Christmas hampcrs Individualb for ministry and missioi 43 1,000 43 1,000 630 630 630 630 1,043 1,043 Unrestrictcd funds 278,723 67,829 48,527 2911,025 Total funds 279,766 68.459 49,157 299,068 Restricted funds are principally gifts received for specific purposes as a result of: annual thank offerings gifts for local project% giving lo meet speLial nLLds in the World and other spectfic purposes Such gifts and offerings are normally passed on to the nomindtL.d beneficiaries soon after receipt. The balance of the rcstricled fund is held in the bank account. 13
IUVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FIINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 11. Prior yeydr fund comparatives Unrestricted Restricted Total Funds Income Donations and gifts Investment income 67.496 630 68,126 333 333 Total Income 67,829 630 68,459 Expendlture Expenditure on charitable aellvltles: Gifts and gyran15 Other direct charitdble expendilure 2,331 46,296 630 2,961 46,296 124 Related party transaLtfions and commltments Trustee remuneration Under the Mcmorandum of Association, clause 6, a minority of Trustees may be remunerated for serviLL% providLd under a contract ot employment. Rcniuneration, pen8ions and benfits for employed pastor was as follows in the year ended 31 December 2024 RevI Wllliams Revl Williams 2024 2023 Salary Eniployer peiision contributions Reimbursement of expcnses incurred 14,018 560 353 13,704 558 291 No other trustee reccived reniiineration or expenses. Donations received from Trustees in the year were £8,261 (2023 £9,869 (including Gift Aid rLcovered). 13. Commltments There were no outstanding comrnitments at eiiher period end 14