2023-03-31-accounts - Revival Christian Church Of Enfield

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			Pages
Trustees' Annual Report			2to7
Independent Examiner's	Report
Statement of Financial Activities
Summary Income and Expenditure		Account		10
Balance Sheet
Statement ofCash flows				12
Notes to the Accounts			13to	21
Detailed Statement of Financial Activities			22to	24

			Unrestricted
			funds	Total funds	Total funds
			2023	2023	2022
		Notes	E	E	E
Income and	endowments
from:
Donations	and legacies		176,939	176,939	182,832
Investments			8	8	5
Other			63,058	63,058	18,185
Total			240,005	240,005	201,022
Expenditure	on:
Raising funds		7	34,053	34,053	26,289
Charitable	activities	8	27,626	27,626	7,638
Other		10	159,210	159,210	128,317
Total			220,889	220,889	162,244
Net gains on	investments
Net income			19,116	19,116	38,778
Transfers between funds
Net income gains/(losses)	before other		19,116	19,116	38,778
Other gains	and losses
Net movement in funds			19,116	19,116	38,778
Reconciliation offunds:
Total funds brought forward			1,079,121	1,079,121	1,040,343
Total funds carried forward			1,098,237	1,098,237	1,079,121

Revival Christian Church Of Enfield Balance Sheet at 31March 2023	Revival Christian Church Of Enfield Balance Sheet at 31March 2023
Company No. 07182472		Notes	2023	2022
			f
Fixed assets
Tangible assets		13	1,514,514	1,519,738
			1,514,514	1,519,738
Current assets
Debtors		14	1,700	1,700
Cash at bank and	in hand		1337	28,172
			3,037	29,872
Creditors: Amount falling due within one year		15	(12,538)	(764)
Net current (liabilities)/assets			(9,501)	29,108
Total assets less current liabilities			1,505,013	1,548,846
Creditors: Amounts	falling due after more than one year	16	(406,776)	(469,725)
Net assets excluding	pension asset or liability		1,098,237	1,079,121
Total net assets			1,098,237	1,079,121
The funds ofthe charity
Restricted funds		17
Unrestricted funds		17
General funds			1,001,408	982,292
			1,001,408	982,292
Reserves		17
Revaluation reserve			96,829	96,829
			96,829	96,829
Total funds			1,098,237	1,079,121

			2023	2022
			f	f
income			239,997	201,017
Interest and	investment	income
Gross income for the year			240,005	201,022
Expenditure			190,883	135,800
Interest payable			24,782	19,922
Depreciation	and charges	for
impairment	offixed assets		5,224	6,522
Total expenditure forthe year			220,889	162,244
Net income	before tax for the year		19,116	38,778
Net income	for the year		19,116	38,778

			2023	2022
			f	f
Cash flows from operating	activities
Net income per Statement	ofFinancial Activities		19,116	38,778
Adjustments for:
Depreciation of property, plant and equipment			5,224	6,522
Dividends, interest and	rents from investments		(63,066)	(18,190)
Increase/(Decrease) in trade and other		payables	2,815	(3,718)
Net cash (used in)/provided	by operating	activities	(35,911)	23,392
Cash flows from investing	activities
Dividends, interest and	rents from investments		63,066	18,190
Net cash from/(used in) investing activities			63,066	(2,135)
Cash flows from financing	activities
Repayment ofborrowings			(62,949)	(59,802)
Net cash used in financing	activities		(62,949)	(59,802)
Net decrease in cash and cash equivalents			(35,794)	(38,545)
Cash and cash equivalents	at the beginning ofthe year		27,408	65,953
Cash and cash equivalents	atthe end ofthe year		(8,386)	27,408
Components ofcash and cash equivalents
Cash and bank balances			1337	28,172
Bank overdrafts			(9,723)	(764)
			(8,386)	27,408

last year and no chan	last year and no chan	ges have been made to accounts for previous years.
Fund accounting
Unrestricted	funds	These are available for use at the discretion ofthe trustees		in furtherance			of	the
		general objects ofthe charity.
Designated	funds	These are unrestricted funds earmarked by the trustees	for particular		purposes.
Revaluation	funds	These are unrestricted funds which include a revaluation	reserve representing						the
		restatement ofinvestment assets at their market values.
Restricted funds		These are available for use subject to restrictions imposed		by the donor		or	through
		terms ofan appeal.
Income
Recognition	of	Income is included in the Statement of Financial Activities		(SoFA) when		the	charity
income		becomes entitled to, and virtually certain to receive, the	income and the amount of
		the income can be measured with sufficient reliability.
Income with	related	Where income has related expenditure the income and	related expenditure					is
expenditure		reported gross in the SoFA.
Donations and		Voluntary income received by way of grants, donations and gifts is included					in		the
legacies		the SoFA when receivable and only when the Charity has		unconditional
		entitlement to the income.
Tax reclaims	on	Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts		gift/donation to which it relates.
Donated services		These are only included in income (with an equivalent amount in expenditure)
and facilities		where the benefit tothe Charity is reasonably quantifiable,		measurable		and
		material.
Volunteer help		The value ofany volunteer help received is not included	in	the accounts.
Investment	income	This is included in the accounts when receivable.
Gains/(losses) on		This includes any gain or loss resulting from revaluing investments to market						value
revaluation	offixed	at the end ofthe year.
assets
Gains/(losses) on		This includes any gain or loss on the sale ofinvestments.
investment assets

3	Statement ofFinancial	Activities -prior year
				Unrestricted
				funds	Total funds
				2022	2022
Income and endowments		from:
	Donations and legacies			182,832	182,832
	Investments			5	5
	Other			18,185	18,185
Total				201,022	201,022
Expenditure on:
	Raising funds			26,289	26,289
	Charitable activities			7,638	7,638
	Other			128,317	128,317
Total				162,244	162,244
Net	income			38,778	38,778
Net income before other gains/(losses)				38,778	38,778
Other gains and losses:
Net	movement in funds			38,778	38,778
Reconciliation offunds:
Total funds brought forward				1,040,343	1,040,343
Total funds carried forward				1,079,121	1,079,121
4	Income from donations	and legacies
			Unrestricted	Total	Total
				2023	2022
	Offerings and tithes		53,505	53,505	36,678
	Building fund		123,434	123,434	146,154
			176,939	176,939	182,832
5	Income from investments
			Unrestricted	Total	Total
				2023	2022
			f	E
	Interestreceived		8	8

6	Other incom	e
					Unrestricted	Total	Total
						2023	2022
	Gift aid received				33,058	33,058	12,276
	Grant				30,000	30,000	5,909
					63,058	63,058	18,185
7	Expenditure	on	raising funds
					Unrestricted	Total	Total
						2023	2022
	Costs ofgenerating			voluntary
	income
	Event				12,255	12,255	7,235
	RCCG WEM				2,400	2,400	3,639
	Honourarium				12,998	12,998	4,600
	Worship expenses				5,950	5,950	10,150
	Fundraising	trading		costs
	Books				450	450	665
					34,053	34,053	26,289
8	Expenditure	on	charitable activities
					Unrestricted	Total	Total
						2023	2022
	Expenditure	on charitable
	activities
	Covid-19 Health		talk		16,700	16,700
	SOG fund raising						342
	Other charitable		activities		10,326	10,326	6,696
	NFlame				600	600	600
	Governance	costs
					27,626	27,626	7,638

9	Analysis ofgrants
			Support
	Activity or programme		Costs	Total	Total
				2023	2022
	Covid-19 Health talk		30,000	30,000
			30,000	30,000
			Support
	Activity or programme		Costs	Total	Total
				2023	2022
	Covid-19 Health talk		30,000	30,000
			30,000	30,000
10	Other expenditure
			Unrestricted	Total	Total
				2023	2022
	Bank loan and overdraft interest payable		24,782	24,782	15,785
	Other interest payable				4,137
	Employee costs		72,367	72,367	59,672
	Motor and travel costs		6,934	6,934	4,050
	Premises costs		22,991	22,991	16,298
	Amortisation, depreciation,
	impairment, profit/loss	on	5,224	5,224	6,522
	disposal offixed assets
	General administrative	costs	24,358	24,358	19,718
	Legal and professional	costs	2,554	2,554	2,135
			159,210	159,210	128,317
11	Net income before transfers
			2023		2022
	This is stated after charging:		f		f
	Depreciation ofowned	fixed assets	5,224		6,522

Staff costs
			2023	2022
Salaries and wages			62,343	42,476
Pension costs			473	473
			62,816	42,949
No employee	received emoluments	in excess off60,000.

	The average	monthly	number offull time equivalent	employees	during the year	was as follows:
					2023		2022
					Number		Number
	Pastoral				2		4
	Administrative						1
	Others						2
13	Tangible fixed assets
						Fixture,
				Land and	Motor	fittings and	Total
				buildings	Vehicle	computer
						equipments
						f
	Cost or revaluation
	At 1April 2022		1,500,000		10,699	54,158	1,564,857
	At31March	2023	1,500,000		10,699	54,158	1,564,857
	Depreciation	and
	impairment
	At 1April 2022				10,698	34,421	45,119
	Depreciation	charge for the				5,224	5,224
	year
	At31March	2023			10,698	39,645	50,343
	Net book values
	At 31March	2023	1,500,000			14,513	1,514,514
	At31March	2022	1,500,000			19,737	1,519,738
14	Debtors
					2023		2022
					f		f
	Other debtors				1,700		1,700
					1,700		1,700
15	Creditors:
	amounts falling due within one year
					2023		2022
					f		f
	Bank loans and overdrafts				9,723		764
	Other taxes and social security				2,815
					12,538		764

Not 16	es tothe Accounts Creditors:	es tothe Accounts Creditors:	es tothe Accounts Creditors:
	amounts falling due after more than one year
					2023		2022
					f		f
	Bank loans	and overdrafts			211,547		244,743
	Otherloans				195,229		224,982
					406,776		469,725
17	Movement	in funds
					Incoming
					resources
							At 31
				At 1April	(including other gains/losses	Resources expended	March 2023
				2022	)
					f
	Restricted funds:
	Unrestricted	funds:
	General funds			982,292	240,005	(220,889)	1,001,408
	Revaluation	Reserves:
	Revaluation	fund		96,829			96,829
	Total revaluation		reserves	96,829			96,829
	Total funds			1,079,121	240,005	(220,889)	1,098,237

Analysis ofnet assets between funds
	Unrestricted	Restricted	Total
	funds	funds
	f		f
Fixed assets	1,514,514		1,514,514
Net current assets	(9,501)		(9,501)
Creditors due in more than one year and provisions		(406,776)	(406,776)
	1,505,013	(406,776)	1,098,237

			At 31
	At 1April		March
	2022	Cash flows	2023
	f	f	f
Cash and cash equivalents	28,172	(26,835)	1,337
Bank overdrafts	(764)	(8,959)	(9,723)
	27,408	(35,794)	(8,386)
Borrowings	(224,982)	29,753	(195,229)
Bank loans	(244,743)	33,196	(211,547)
	(469,725)	62,949	(406,776)
Net debt	(442,317)	27,155	(415,162)

	Annual co	mmitments under non-cancellable	operating leases are	as follows:
			2023	2023	2022	2022
			Land and		Land and
				Other		Other
			buildings		buildings
			f		f
	Operating	leases with expiry date:
	Pension commitments
				2023		2022
				f		f
	The pension cost charge tothe company
	amounted	to:		473		473
21	Related party disclosures
	Controlling	party

						Unrestricted
						funds	Total funds	Total funds
						2023	2023	2022
						f	f	f
Income and endowments				from:
Donations and legacies
Offerings and tithes						53,505	53,505	36,678
Building fund						123,434	123,434	146,154
						176,939	176,939	182,832
Investments
Interest received
Other
Gift aid received						33,058	33,058	12,276
Grant						30,000	30,000	5,909
						63,058	63,058	18,185
Total income and	endowments					240,005	240,005	201,022
Expenditure on:
Costs ofgenerating		donations			and
legacies
Event						12,255	12,255	7,235
RCCG WEM						2,400	2,400	3,639
Honourarium						12,998	12,998	4,600
Worship expenses						5,950	5,950	10,150
						33,603	33,603	25,624
Costs ofother trading			activities
Books						450	450	665
						450	450	665
Total ofexpenditure			on raising			34,053	34,053	26,289
funds
Charitable activities
Covid-19 Health	talk					16,700	16,700
SOG fund raising								342
Other charitable		activities				10,326	10,326	6,696
NFlame						600	600	600
						27,626	27,626	7,638
Total ofexpenditure activities			on charitable			27,626	27,626	7,638
Other expenditure
Bank loan and	overdraft			interest		24,782	24,782	15,785
payable
Other interest	payable							4,137

etailed Statement of	Fi	nancial Activities
			24,782	24,782	19,922
Employee costs
Salaries/wages			62,343	62,343	42,476
Pension costs			473	473	473
Staff training			256	256	5,245
Staff welfare			9,295	9,295	11,478
			72,367	72,367	59,672
Motor and travel costs
Vehicles - Fuel			4,596	4,596	3,034
Vehicles - Insurance	and licences		1,615	1,615	1,016
Vehicles - Repairs and			450	450
maintenance
Travel and subsistence			273	273
			6,934	6,934	4,050
Premises costs
Rates			295	295	738
Light, heat and power			14,614	14,614	7,748
Premises cleaning			1,730	1,730	5,167
Premises insurances			4,051	4,051
Premises repairs and maintenance			2,301	2,301	2,265
Other premises costs					380
			22,991	22,991	16,298
General administrative		costs,
including depreciation	and
amortisation
Depreciation ofMotor		Vehicle			1,298
Depreciation ofFixture, fittings and computer equipments			5,224	5,224	5,224
Bank charges			4,245	4,245	4,799
Equipment expensed			307	307	377
Equipment repairs and maintenance			828	828	802
General insurances			2,218	2,218	743
Information and publications			420	420	160
Software, ITsupport costs	and related		5,729	5,729	3,306
Stationery and printing			968	968	354
Subscriptions			1,880	1,880	1,088
Sundry expenses			733	733	600
Telephone, fax and broadband			7,030	7,030	7,489
			29,582	29,582	26,240
Legal and professional	costs
Consultancy fees					800
Health 5safety expenses			1,354	1,354	1,335
Other legal and professional costs			1,200	1,200

Revival Christian Ch Detailed Statement	urch Of Enfield of Financial Activities
		2,554	2,554	2,135
Total ofexpenditure	ofother costs	159,210	159,210	128,317
Total expenditure		220,889	220,889	162,244
Net gains on investments
Net income		19,116	19,116	38,778
Net income before gains/(losses)	other	19,116	19,116	38,778
Other Gains
Net movement in funds		19,116	19,116	38,778
Reconciliation offunds:
Total funds brought	forward	1,079,121	1,079,121	1,040,343
Total funds carried	forward	1,098,237	1,098,237	1,079,121