2025-03-31-accounts - Revival Christian Church Of Enfield

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	Pages
Trustees' Annual Report	2 to 6
Independent Examiners Report	7
Statement of Financial Activities	8
Summary Income and Expenditure Account	9
Balance Sheet	10
Statement of Cash flows	11
Notes to the Accounts	12 to 20
Detailed Statement of Financial Activities	21 to 23

		Unrestricted
		funds	Total funds	Total funds
		2025	2025	2024
	Notes	£	£	£
Income and endowments
from:
Donations and legacies	4	202,299	202,299	251,235
Investments	5			8
Other	6	28,679	28,679	46,302
Total		230,978	230,978	297,545
Expenditure on:
Raising funds	7	31,507	31,507	37,800
Charitable activities	8	10,981	10,981	21,986
Other	10	179,601	179,601	181,995
Total		222,089	222,089	241,781
Net gains on investments
Net income	11	8,889	8,889	55,764
Transfers between funds
Net income before other		8,889	8,889	55,764
gains/(losses)
Other gains and losses
Net movement in funds		8,889	8,889	55,764
Reconciliation of funds:
Total funds brought forward		1,154,001	1,154,001	1,098,237
Total funds carried forward		1,162,890	1,162,890	1,154,001

	2025	2024
	£	£
Income	230,978	297,537
Interest and investment income		8
Gross income for the year	230,978	297,545
Expenditure	185,042	193,448
Interest payable	31,823	43,109
Depreciation and charges for
impairment of fixed assets	5,224	5,224
Total expenditure for the year	222,089	241,781
Net income before tax for the year	8,889	55,764
Net income for the year	8,889	55,764

at 31 March 2025
Company No. 07182472	Notes	2025	2024
		£	£
Fixed assets
Tangible assets	13	1,504,066	1,509,290
		1,504,066	1,509,290
Current assets
Debtors	14	4,450	4,450
Cash at bank and in hand		2,948	11,881
		7,398	16,331
Creditors:Amount falling due within one year	15	(3,538)	(1,850)
Net current assets		3,860	14,481
Total assets less current liabilities		1,507,926	1,523,771
Creditors:Amounts falling due after more than one year	16	(345,036)	(369,770)
Net assets excluding pension asset or liability		1,162,890	1,154,001
Total net assets		1,162,890	1,154,001
The funds of the charity
Restricted funds	17
Unrestricted funds	17
General funds		1,066,061	1,057,172
		1,066,061	1,057,172
Reserves	17
Revaluation reserve		96,829	96,829
		96,829	96,829
Total funds		1,162,890	1,154,001

	2025	2024
	£	£
Cash flows from operating activities
Net income per Statement of Financial Activities	8,889	55,764
Adjustments for:
Depreciation of property, plant and equipment	5,224	5,224
Dividends, interest and rents from investments	(28,679)	(46,310)
Increase in trade and other receivables		(2,750)
increase/(Decrease) in trade and other payables	1,688	(965)
Net cash (used in)/provided by operating activities	(12,878)	10,963
Cash flows from investing activities
Dividends, interest and rents from investments	28,679	46,310
Net cash from investing activities	28,679	46,310
Cash flows from financing activities
Repayment of borrowings	(24,734)	(37,006)
Net cash used in financing activities	(24,734)	(37,006)
Net (decrease)/increase in cash and cash equivalents	(8,933)	20,267
Cash and cash equivalents at the beginning of the year	11,881	(8,386)
Cash and cash equivalents at the end of the year	2,948	11,881
Components of cash and cash equivalents
Cash and bank balances	2,948	11,881
	2,948	11,881

Fund accounting
Unrestricted funds	These are available for use at the discretion of the trustees in furtherance of the
	general objects of the 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 of investment assets at their market values.
Restricted funds	These are available for use subject to restrictions imposed by the donor or through
	terms of an 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 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

3 Statement of Financial Activities - prior year
	Unrestricted
	funds	Total funds
	2024	2024
	£	£
Income and endowments from:
Donations and legacies	251,235	251,235
Investments	8	8
Other	46,302	46,302
Total	297,545	297,545
Expenditure on:
Raising funds	37,800	37,800
Charitable activities	21,986	21,986
Other	181,995	181,995
Total	241,781	241,781
Net income	55,764	55,764
Net income before other
	55,764	55,764
gains/(losses)
Other gainsand losses:
Net movementinfunds	55,764	55,764
Reconciliation of funds:
Total funds brought forward	1,098,237	1,098,237
Total funds carried forward	1,154,001	1,154,001

Income from donations andlegacies
	Unrestricted	Total Total
		2025 2024
	£	£ £
Offerings and tithes	45,927	45,927 72,845
Building fund	156,372	156,372 178,390
	202,299	202,299 251,235
Income from investments
		TotalTotal
		20252024
		£ £
Interest received		- 8
		- 8

6	Other income
		Unrestricted	Total Total
			*2025*	*2024*
		£	££
	Gift aid received	28,679	28,679	36,310
	Grant			9,992
		28,679	28,679	46,302
7	Expenditure on raising funds
		Unrestricted	Total	Total
			*2025*	*2024*
		£	£	£
	Costsofgenerating voluntary
	income
	Event	16,007	16,007	12,762
	RCCG WEM & Central Office
		1,340	1,340	1,700
	costs
	Honourarium	7,863	7,863	13,348
	Worship expenses	5,265	5,265	9,990
	Fundraising trading costs
	Books	1,032	1,032
		31,507	31,507	37,800
8	Expenditure on charitable activities
		Unrestricted	Total	Total
			*2025*	*2024*
		£	£	£
	Expenditure on charitable
	activities
	Illumination fund raising		-	7,510
	Youth expenses	2,359	2,359	2,279
	Other charitable activities	8,622	8,622	11,657
	costs
	NFlame			540
	Governance costs
		10,981	10,981	21,986

Staff costs
	2025	2024
Salaries and wages	83,919	72,364
Pension costs	473	473
	84,392	72,837

	The average monthly number of full time equivalent employees during the year was as follows:	The average monthly number of full time equivalent employees during the year was as follows:
		2025	2024
		Number	Number
	Pastoral	2	2
	Administrative	2	2
	Others	2	2
		6	6
13	Tangible fixed assets

				Fixture,
		Land and	Motor	fittings and	Total
		buildings	Vehicle	computer
				equipments
		£	£	£	£
	Cost or revaluation
	At 1 April 2024	1,500,000	10,699	54,158	1,564,857
	At 31 March 2025	1,500,000	10,699	54,158	1,564,857
	Depreciation and
	impairment
	At 1 April 2024	-	10,698	44,869	55,567
	Depreciation charge for the	-	-	5,224	5,224
	year
	At 31 March 2025		10,698	50,093	60,791
	Net book values
	At 31 March 2025	1,500,000	1	4,065	1,504,066
	At 31 March 2024	1,500,000	1	9,289	1,509,290
14	Debtors
			2025		2024
			£		£
	Other debtors		4,450		4,450
			4,450		4,450
15	Creditors:
	amounts falling due within one year
			2025		2024
			£		£
	Other taxes and social security		2,731		951
	Other creditors		807		899
			3,538		1,850

16	Creditors:
	amounts falling due after more than one year
			2025		2024
			£		£
	Bank loans and overdrafts		345,036		369,770
			345,036		369,770
17	Movementinfunds
			Incoming
			resources		At 31
			(including	Resources	March
			other	expended	2025
		At 1 April	gains/losses
		2024
			£	£	£
	Restrictedfunds:
	Unrestricted funds:
	General funds	1,057,172	230,978	(222,089)	1,066,061
	Revaluation Reserves:
	Revaluation fund	96,829			96,829
	Total revaluation reserves	96,829			96,829
	Total funds	1,154,001	230,978	(222,089)	1,162,890

Analysis of net assets between funds
	Unrestricted	Restricted
			Total
	funds	funds
	£	£	£
Fixed assets	1,504,066		1,504,066
Net current assets	3,860		3,860
Creditors due in more than one year and
provisions		(345,036)	(345,036)
	1,507,926	(345,036)	1,162,890

Reconciliation of net debt
			At 31
	At 1April		March
	2024	Cash flows	2025
	£	£	£
Cash and cash equivalents	11,881	(8,933)	2,948
	11,881	(8,933)	2,948
Bank loans	(369,770)	24,734	(345,036)
	(369,770)	24,734	(345,036)
Net debt	(357,889)	15,801	(342,088)

	2025	2025	2024	2024
	Land and		Land and
		Other		Other
	buildings		buildings
Operating leases with expiry date:
*Pension commitments*
		2025		2024
		£		£
The pension cost charge to the company
amounted to:		473		473

for the year ended 31 March 2025
	Unrestricted
	funds	Total funds	Total funds
	2025	2025	2024
	£	£	£
Income and endowments from:
Donations and legacies
Offerings and tithes	45,927	45,927	72,845
Building fund	156,372	156,372	178,390
	202,299	202,299	251,235
Investments
Interest received			8
			8
Other
Gift aid received	28,679	28,679	36,310
Grant			9,992
	28,679	28,679	46,302
Total income and endowments	230,978	230,978	297,545
Expenditure on:
Costs of generating donations and
legacies
Event	16,007	16,007	12,762
RCCG WEM & Central Office costs	1,340	1,340	1,700
Honourarium	7,863	7,863	13,348
Worship expenses	5,265	5,265	9,990
	30,475	30,475	37,800
Costs of other trading activities
Books	1,032	1,032
	1,032	1,032
Total of expenditure on raising	31,507	31,507	37,800
funds
Charitable activities
Illumination fund raising		-	7,510
Youth expenses	2,359	2,359	2,279
Other charitable activities costs	8,622	8,622	11,657
NFlame		-	540
	10,981	10,981	21,986
Total of expenditure on charitable activities	10,981	10,981	21,986
Other expenditure
Bank loan interest payable	31,724	31,724	42,320
Other interest payable	99	99	789

Revival Christian Church Of Enfield Detailed Statement of Financial Activities
	31,823	31,823	43,109
Employee costs
Salaries/wages	83,919	83,919	72,364
Pension costs	473	473	473
Staff entertainment		-	1,356
Staff training	-	-	1,770
Welfare	2,931	2,931	2,888
	87,323	87,323	78,851
Motor and travel costs
Vehicles-Fuel	9,088	9,088	9,717
Vehicles-Insurance and licences	843	843	933
Vehicles-Repairs and	2,618	2,618	535
maintenance
	12,549	12,549	11,185
Premises costs
Rates	2,125	2,125	2,421
Light, heat and power	12,532	12,532	11,252
Premises cleaning	874	874	848
Premises insurances	2,506	2,506	4,500
Premises repairs and	4,181	4,181	6,369
maintenance
	22,218	22,218	25,390
General administrative costs,
including depreciation and
amortisation
Depreciation of Motor Vehicle
Depreciation of Fixture, fittings	5,224	5,224	5,224
and computer equipments
Bank charges	2,830	2,830	3,370
General insurances	693	693	-
Software, IT support and related	7,494	7,494	2,710
costs
Stationery and printing	2,426	2,426	3,684
Subscriptions	1,389	1,389	30
Sundry expenses	34	34	463
Telephone, fax and broadband	5,598	5,598	7,229
	25,688	25,688	22,710
Legal and professional costs
Other legal and professional	-	-	750
costs
	-	-	750
Total of expenditure of other costs	179,601	179,601	181,995
Total expenditure	222,089	222,089	241,781
Net gains on investments
Net income	8,889	8,889	55,764

8,889	8,889	55,764
8,889	8,889	55,764
1,154,001	1,154,001	1,098,237
1,162,890	1,162,890	1,154,001