||Pages|
|---|---|
|Trustees' Annual Report|2 to 7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Summary Income and Expenditure Account|10|
|Balance Sheet|11|
|Statement of Cash flows|12|
|Notes to the Accounts|13 to 21|
|Detailed Statement of Financial Activities|22 to 24|





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|||Unrestricted|||
|---|---|---|---|---|
|||funds|Total funds|Total funds|
|||2024|2024|2023|
||Notes|£|£|£|
|Income and endowments|||||
|from:|||||
|Donations and legacies|4|251,235|251,235|176,939|
|Investments|5|8|8|8|
|Other|6|46,302|46,302|63,058|
|Total||297,545|297,545|240,005|
|Expenditure on:|||||
|Raising funds|7|37,800|37,800|34,053|
|Charitable activities|8|21,986|21,986|27,626|
|Other|10|181,995|181,995|159,210|
|Total||241,781|241,781|220,889|
|Net gains on investments|||||
|Net income|11|55,764|55,764|19,116|
|Transfers between funds|||||
|Net income before other<br>gains/(losses)||55,764|55,764|19,116|
|Other gains and losses|||||
|Net movement in funds||55,764|55,764|19,116|
|Reconciliation of funds:|||||
|Total funds brought forward||1,098,237|1,098,237|1,079,121|
|Total funds carried forward||1,154,001|1,154,001|1,098,237|





## 

||2024|2023|
|---|---|---|
||£|£|
|Income|297,537|239,997|
|Interest and investment income|8|8|
|Gross income for the year|297,545|240,005|
|Expenditure|193,448|190,883|
|Interest payable|43,109|24,782|
|Depreciation and charges for|||
|impairment of fixed assets|5,224|5,224|
|Total expenditure for the year|241,781|220,889|
|Net income before tax for the year|55,764|19,116|
|Net income for the year|55,764|19,116|





## 

|Revival Christian Church Of Enfield<br>Balance Sheet<br>at 31 March 2024||||
|---|---|---|---|
|Company No.<br>07182472|Notes|_2024_|2023|
|||£|£|
|Fixed assets||||
|Tangible assets|13|1,509,290|1,514,514|
|||1,509,290|1,514,514|
|Current assets||||
|Debtors|14|4,450|1,700|
|Cash at bank and in hand||11,881|1,337|
|||16,331|3,037|
|Creditors: Amount falling due within one year|15|(1,850)|(12,538)|
|Net current assets/(liabilities)||14,481|(9,501)|
|Total assets less current liabilities||1,523,771|1,505,013|
|Creditors: Amounts falling due after more than one year|16|(369,770)|(406,776)|
|Net assets excluding pension asset or liability||1,154,001|1,098,237|
|Total net assets||1,154,001|1,098,237|
|The funds of the charity||||
|Restricted funds|17|||
|Unrestricted funds|17|||
|General funds||1,057,172|1,001,408|
|||1,057,172|1,001,408|
|Reserves|17|||
|Revaluation reserve||96,829|96,829|
|||96,829|96,829|
|Total funds||1,154,001|1,098,237|





|Revival Christian Church Of Enfield<br>Statement of Cash flows<br>for the year ended 31 March 2024|||
|---|---|---|
||2024|2023|
||£|£|
|Cash flows from operating activities|||
|Net income per Statement of Financial Activities|55,764|19,116|
|Adjustments for:|||
|Depreciation of property, plant and equipment|5,224|5,224|
|Dividends, interest and rents from investments|(46,310)|(63,066)|
|Increase in trade and other receivables|(2,750)|-|
|(Decrease)/Increase in trade and other payables|(965)|2,815|
|Net cash provided by/(used in) operating activities|10,963|(35,911)|
|Cash flows from investing activities|||
|Dividends, interest and rents from investments|46,310|63,066|
|Net cash from investing activities|46,310|63,066|
|Cash flows from financing activities|||
|Repayment of borrowings|(37,006)|(62,949)|
|Net cash used in financing activities|(37,006)|(62,949)|
|Net increase/(decrease) in cash and cash equivalents|20,267|(35,794)|
|Cash and cash equivalents at the beginning of the year|(8,386)|27,408|
|Cash and cash equivalents at the end of the year|11,881|(8,386)|
|Components of cash and cash equivalents|||
|Cash and bank balances|11,881|1,337|
|Bank overdrafts||(9,723)|
||11,881|(8,386)|





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## 

|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 th:e|
|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 to the Charity is reasonably quantifiable, measurable and|
||material.|
|Volunteer help|The value of any 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 of fixed|at the end of the year.|
|assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||





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|3<br>Statement of Financial Activities - prior year|||
|---|---|---|
||Unrestricted||
||funds|Total funds|
||2023|2023|
||£|£|
|Income and endowments from:|||
|Donations and legacies|176r939|176,939|
|Investments|8|8|
|Other|63,058|63,058|
|Total|240,005|240,005|
|Expenditure on:|||
|Raising funds|34,053|34,053|
|Charitable activities|27,626|27,626|
|Other|159,210|159,210|
|Total|220,889|220,889|
|Net income|19,116|19,116|
|Net income before other<br>gains! (losses)|19116|19,116|
|Other gains and losses:|||
|Net movement in funds|19,116|19,116|
|Reconciliation of funds:|||
|Total funds brought forward|1,079,121|1,079,121|
|Total funds carried forward|1,098,237|1,098,237|



## 

|come from donations and legacies||
|---|---|
||Unrestricted<br>Total<br>Total|
||2024<br>2023|
||£££|
|Offerings and tithes|72,845<br>72,845<br>53,505|
|Building fund|178,390<br>178,390<br>123,434|
||251,235<br>251,235<br>176,939|
|Income from investments||
||Unrestricted<br>Total<br>Total|
||2024<br>2023|
||£<br>££|
|Interest received|8<br>88|
||8<br>88|



## 



## 

|Revival Christian Church Of Enfield<br>Notes to the Accounts<br>6 Other income||
|---|---|
||Unrestricted<br>Total<br>Total|
||2024<br>2023|
||£££|
|Gift aid received|36,310<br>36,310<br>33,058|
|Grant|9,992<br>9,992<br>30,000|
||46,302<br>46,302<br>63,058|
|7<br>Expenditure on raising funds||
||Unrestricted<br>Total<br>Total|
||2024<br>2023|
||£<br>££|
|_Costs of generating voluntary_||
|_income_||
|Event|12,762<br>12,762<br>12,255|
|RCCG WEM|1,700<br>1,700<br>2,400|
|Honourarium|13,348<br>13,348<br>12,998|
|Worship expenses|9,990<br>9,990<br>5,950|
|_Fundraising trading costs_||
|Books|450|
||37,800<br>37,800<br>34,053|
|8<br>Expenditure on charitable activities||
||Unrestricted<br>Total<br>Total|
||2024<br>2023|
||£<br>££|
|_Expenditure on charitable_||
|_activities_||
|Illumination fund raising|7,510<br>7510<br>16,700|
|Youth expenses|2,279<br>2,279|
|Other charitable activities<br>income|11,657<br>11,657<br>10,326|
|N Flame|540<br>540<br>600|
|_Governance costs_||
||21,986<br>21,986<br>27,626|





|Revival Christian Church Of Enfield<br>Notes to the Accounts<br>9<br>Analysis of grants||||
|---|---|---|---|
||Grants to|||
|Activity or programme|Individuals|Total|Total|
|||2024|2023|
||£|£|£|
|Covid-19 Health talk|9,992|9,992|30,000|
||9,992|9,992|30,000|
||Grant|||
||funding of|||
|Activity or programme|activities|Total|Total|
|||2024|2023|
||£|£|£|
|Covd-19 Health talk|9,992|9,992|30,000|
||9,992|9,992|30,000|
|10 Other expenditure||||
||Unrestricted|Total|Total|
|||2024|2023|
||£|£|£|
|Bank loan and overdraft<br>interest payable|42,320|42,320|24,782|
|Other interest payable|789|789||
|Employee costs|78,851|78,851|72,367|
|Motor and travel costs|11,185|11,185|6,934|
|Premises costs|25,390|25,390|22,991|
|Amortisation, depreciation,||||
|impairment, profit/loss on|5,224|5,224|5,224|
|disposal of fixed assets||||
|General administrative costs|17,486|17,486|24,358|
|Legal and professional costs|750|750|2,554|
||181,995|181,995|159,210|
|11<br>Net income before transfers||||
||2024||2023|
|This is stated after charging:|£||£|
|Depreciation of owned fixed assets|5,224||5,224|





|Revival Christian Church Of Enfield|||||
|---|---|---|---|---|
|Notes to the Accounts|||||
|12 Staff costs|||||
|||2024||2023|
|Salaries and wages||72,364||62,343|
|Pension costs||473||473|
|||72,837||62,816|
|No employee received emoluments in excess of 160,000.|||||
|The average monthly number of full time equivalent employees||during the year|was as follows:||
|||2024||2023|
|||Number||Number|
|Pastoral||2||2|
|Administrative||2||2|
|Others||2||2|
|||6||6|
|13 Tangible fixed assets|||||
||||Fixture,||
||Land and<br>buildings|Motor<br>Vehicle|fittings and<br>computer|Total|
||||equipments||
||£|£|£|£|
|Cost or revaluation|||||
|At 1 April 2023|1,500,000|10,699|54,158|1,564,857|
|At 31 March 2024|1,500,000|10,699|54,158|1,564,857|
|Depreciation and|||||
|impairment|||||
|At 1 April 2023||10,698|39,645|50,343|
|Depreciation charge for the|||5,224|5,224|
|year|||||
|At 31 March 2024||10,698|44,869|55,567|
|Net book values|||||
|At 31 March 2024|1,500,000|1|9,289|1,509,290|
|At 31 March 2023|1,500,000|1|14,513|1,514,514|
|14 Debtors|||||
|||2024||2023|
|||£||E.|
|Other debtors||4,450||1,700|
|||4,450||1,700|
|15<br>Creditors:|||||
|amounts falling due within one year|||||
|||2024||2023|
|||£||£|
|Bank loans and overdrafts||||9,723|
|Other taxes and social security||951||2,815|
|Other creditors||899|||
|||1,850||12,538|





## 

|16|<br>Creditors:|||||
|---|---|---|---|---|---|
||amounts falling due after more than one year|||||
||||2024||2023|
||||£||£|
||Bank loans and overdrafts||369,770||211,547|
||Other loans||||195,229|
||||369,770||406,776|
|17|Movement in funds|||||
||||Incoming|||
|||At 1 April|resources<br>(including<br>other<br>gains/losses|Resources<br>expended|At 31<br>March<br>2024|
|||2023||||
||||£|£|£|
||Restricted funds:|||||
||Unrestricted funds:|||||
||General funds|1,001,408|297,545|(241,781)|1,057,172|
||Revaluation Reserves:|||||
||Revaluation fund|96,829|||96,829|
||_Total revaluation reserves_|96,829|||96,829|
||Total funds|1,098,237|297,545|(241,781)|1,154,001|



## 

## 

|Analysis of net assets between funds||||
|---|---|---|---|
||Unrestricted<br>funds|Restricted<br>funds|Total|
||£|£|£|
|Fixed assets|1,509,290||1,509,290|
|Net current assets|14,481||14,481|
|Creditors due in more than one year and<br>provisions||(369,770)|(369,770)|
||1,523,771|(369,770)|1,154,001|





## 

|19|Reconciliation of net debt||||
|---|---|---|---|---|
|||||At 31|
|||At 1 April||March|
|||2023|Cash flows|2024|
|||£|£|£|
||Cash and cash equivalents|1,337|10,544|11,881|
||Bank overdrafts|(9,723)|9,723||
|||(8,386)|20,267|11,881|
||Borrowings|(195,229)|195,229||
||Bank loans|(211,547)|(158,223)|(369,770)|
|||(406,776)|37,006|(369,770)|
||Net debt|(415,162)|57,273|(357,889)|
|20|Commitments||||
||_Operating lease commitments_||||
||Annual commitments under non-cancellable operating leases are as follows:||||
||2024|2024|2023|2023|
||Land and<br>buildings|Other|Land and<br>buildings|Other|
||Operating leases with expiry date:||||
||_Pension commitments_||||
|||2024||2023|
|||£||£|
||The pension cost charge to the company||||
||amounted to:|473||473|
|21|Related party disclosures||||
||_Controlling party_||||





|Revival Christian Church Of Enfield<br>Detailed Statement of Financial Activities<br>for the year ended 31 March 2024||||
|---|---|---|---|
||Unrestricted|||
||funds|Total funds|Total funds|
||2024|2024|2023|
|Income and endowments from:||||
|Donations and legacies||||
|Offerings and tithes|72,845|72,845|53,505|
|Building fund|178,390|178,390|123,434|
||251,235|251,235|176,939|
|Investments||||
|Interest received|8|8|8|
||8|8|8|
|Other||||
|Gift aid received|36,310|36,310|33,058|
|Grant|9,992|9,992|30,000|
||46,302|46,302|63,058|
|Total income and endowments|297,545|297,545|240,005|
|Expenditure on:||||
|Costs of generating donations and||||
|legacies||||
|Event|12,762|12,762|12,255|
|RCCG WEM|1,700|1,700|2,400|
|Honourarium|13,348|13,348|12,998|
|Worship expenses|9,990|9,990|5,950|
||37,800|37,800|33,603|
|Costs of other trading activities||||
|Books|||450|
|||-|450|
|Total of expenditure on raising<br>funds|37,800|37,800|34,053|
|Charitable activities||||
|Illumination fund raising|7,510|7,510|16,700|
|Youth expenses|2,279|2,279||
|Other charitable activities income|11,657|11,657|10,326|
|NFlame|540|540|600|
||21,986|21,986|27,626|
|Total of expenditure on charitable<br>activities|21,986|21,986|27,626|
|Other expenditure||||
|Bank loan and overdraft interest<br>payable|42,320|42,320|24,782|
|Other interest payable|789|789||





|evival Christian Church Of Enfield<br>etailed Statement of Financial Activities||||
|---|---|---|---|
||43,109|43,109|24,782|
|Employee costs||||
|Salaries/wages|72,364|72,364|62,343|
|Pension costs|473|473|473|
|Staff entertainment|1,356|1,356||
|Staff training|1,770|1,770|256|
|Staff welfare|2,888|2,888|9,295|
||78,851|78,851|72,367|
|Motor and travel costs||||
|Vehicles-Fuel|9,717|9,717|4,596|
|Vehicles-Insurance and licences|933|933|1,615|
|Vehicles-Repairs and<br>maintenance|535|535|450|
|Travel and subsistence|||273|
||11,185|11,185|6,934|
|Premises costs||||
|Rates|2,421|2,421|295|
|Light, heat and power|11,252|11,252|14,614|
|Premises cleaning|848|848|1,730|
|Premises insurances|4,500|4,500|4,051|
|Premises repairs and<br>maintenance|6,369|6,369|2,301|
||25,390|25,390|22,991|
|General administrative costs,||||
|including depreciation and||||
|amortisation||||
|Depreciation of Motor Vehicle||||
|Depreciation of Fixture, fittings<br>and computer equipments|5,224|5,224|5,224|
|Bank charges|3,370|3,370|4,245|
|Equipment expensed|||307|
|Equipment repairs and|||828|
|maintenance||||
|General insurances|||2,218|
|Information and publications|||420|
|Software, IT support and related<br>costs|2,710|2,710|5,729|
|Stationery and printing|3,684|3,684|968|
|Subscriptions|30|30|1,880|
|Sundry expenses|463|463|733|
|Telephone, fax and broadband|7,229|7,229|7,030|
||22,710|22,710|29,582|
|Legal and professional costs||||
|Management charges|||1,354|
|Other legal and professional<br>costs|750|750|1,200|
||750|750|2,554|





|Revival Christian Church Of Enfield<br>Detailed Statement of Financial Activities||||
|---|---|---|---|
|Total of expenditure of other costs|181,995|181,995|159,210|
|Total expenditure|241,781|241,781|220,889|
|Net gains on investments||||
|Net income|55,764|55,764|19,116|
|Net income before other<br>gains/(losses)|55,764|55,764|19,116|
|Other Gains||||
|Net movement in funds|55,764|55,764|19,116|
|Reconciliation of funds:||||
|Total funds brought forward|1,098,237|1,098,237|1,079,121|
|Total funds carried forward|1,154,001|1,154,001|1,098,237|