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





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||||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<br>between funds||||||
|Net income <br>gains/(losses)|before other||19,116|19,116|38,778|
|Other gains|and losses|||||
|Net movement<br>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<br>Church Of Enfield<br>Balance Sheet<br>at 31March 2023|Revival Christian<br>Church Of Enfield<br>Balance Sheet<br>at 31March 2023||||
|---|---|---|---|---|
|Company<br>No.<br>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<br>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<br>funds||17|||
|General funds|||1,001,408|982,292|
||||1,001,408|982,292|
|Reserves||17|||
|Revaluation<br>reserve|||96,829|96,829|
||||96,829|96,829|
|Total funds|||1,098,237|1,079,121|





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||||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<br>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<br>for:|||||
|Depreciation<br>of property,<br>plant and equipment|||5,224|6,522|
|Dividends,<br>interest and|rents from investments||(63,066)|(18,190)|
|Increase/(Decrease)<br>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,<br>interest and|rents from investments||63,066|18,190|
|Net cash from/(used<br>in) investing<br>activities|||63,066|(2,135)|
|Cash flows from financing|activities||||
|Repayment<br>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<br>ofcash and cash equivalents|||||
|Cash and bank balances|||1337|28,172|
|Bank overdrafts|||(9,723)|(764)|
||||(8,386)|27,408|





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|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<br>funds earmarked<br>by the trustees|for particular||purposes.|||||
|Revaluation|funds|These are unrestricted<br>funds which include a revaluation|reserve representing||||||the|
|||restatement<br>ofinvestment<br>assets at their market values.||||||||
|Restricted funds||These are available for use subject to restrictions<br>imposed||by the donor||or|through|||
|||terms ofan appeal.||||||||
|Income||||||||||
|Recognition|of|Income is included<br>in the Statement of Financial Activities||(SoFA) when||the|charity|||
|income||becomes entitled to, and virtually<br>certain to receive, the|income and the amount of|||||||
|||the income can be measured<br>with sufficient<br>reliability.||||||||
|Income with|related|Where income has related expenditure<br>the income and|related expenditure|||||is||
|expenditure||reported gross in the SoFA.||||||||
|Donations<br>and||Voluntary<br>income received<br>by way of grants, donations<br>and gifts is included|||||in||the|
|legacies||the SoFA when receivable<br>and<br>only when the Charity<br>has||unconditional||||||
|||entitlement<br>to the income.||||||||
|Tax reclaims|on|Income from tax reclaims<br>is included<br>in the SoFA at the same time as the||||||||
|donations<br>and gifts||gift/donation<br>to which it relates.||||||||
|Donated services||These are only included<br>in income (with an equivalent<br>amount<br>in expenditure)||||||||
|and facilities||where the benefit tothe Charity<br>is reasonably<br>quantifiable,||measurable||and||||
|||material.||||||||
|Volunteer<br>help||The value ofany volunteer<br>help received<br>is not included|in|the accounts.||||||
|Investment|income|This is included<br>in the accounts when receivable.||||||||
|Gains/(losses)<br>on||This includes<br>any gain or loss resulting<br>from revaluing<br>investments<br>to market||||||value||
|revaluation|offixed|at the end ofthe year.||||||||
|assets||||||||||
|Gains/(losses)<br>on||This includes<br>any gain or loss on the sale ofinvestments.||||||||
|investment<br>assets||||||||||





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|3|Statement ofFinancial|Activities -prior year||||
|---|---|---|---|---|---|
|||||Unrestricted||
|||||funds|Total funds|
|||||2022|2022|
|Income and endowments||from:||||
||Donations<br>and legacies|||182,832|182,832|
||Investments|||5|5|
||Other|||18,185|18,185|
|Total||||201,022|201,022|
|Expenditure<br>on:||||||
||Raising funds|||26,289|26,289|
||Charitable<br>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<br>gains/(losses)||||38,778|38,778|
|Other gains and losses:||||||
|Net|movement<br>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||





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|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<br>interest<br>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,<br>depreciation,|||||
||impairment,<br>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<br>ofowned|fixed assets|5,224||6,522|





## 

|12|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<br>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<br>16|es tothe Accounts<br> Creditors:|es tothe Accounts<br> Creditors:|es tothe Accounts<br> Creditors:|||||
|---|---|---|---|---|---|---|---|
||amounts<br>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<br>other<br>gains/losses|Resources<br>expended|March<br>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<br>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)|



## 

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||Annual<br>co|mmitments<br>under non-cancellable|operating<br>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<br>and legacies|||||||||
|Offerings<br>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<br>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<br>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<br>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<br>repairs and<br>maintenance|||2,301|2,301|2,265|
|Other premises costs|||||380|
||||22,991|22,991|16,298|
|General administrative||costs,||||
|including<br>depreciation|and|||||
|amortisation||||||
|Depreciation<br>ofMotor||Vehicle|||1,298|
|Depreciation<br>ofFixture, fittings<br>and computer<br>equipments|||5,224|5,224|5,224|
|Bank charges|||4,245|4,245|4,799|
|Equipment<br>expensed|||307|307|377|
|Equipment<br>repairs and<br>maintenance|||828|828|802|
|General insurances|||2,218|2,218|743|
|Information<br>and publications|||420|420|160|
|Software,<br>ITsupport<br>costs|and related||5,729|5,729|3,306|
|Stationery<br>and printing|||968|968|354|
|Subscriptions|||1,880|1,880|1,088|
|Sundry expenses|||733|733|600|
|Telephone,<br>fax and broadband|||7,030|7,030|7,489|
||||29,582|29,582|26,240|
|Legal and professional|costs|||||
|Consultancy<br>fees|||||800|
|Health 5safety expenses|||1,354|1,354|1,335|
|Other legal and professional<br>costs|||1,200|1,200||





## 

|Revival Christian<br>Ch<br>Detailed Statement|urch Of Enfield<br> 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 <br>gains/(losses)|other|19,116|19,116|38,778|
|Other Gains|||||
|Net movement<br>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|