Rivers of Life Financial Statements for the year ended 31 March 2022
Rivers of Life Financial Statements for the year ended 31 March 2022 Contents Page Reference and administrative detai15 Trustees report 213 Independent examinevs report Statement of financial activlties Balance sheet Notes to the financial statements 718
Rivers of Life Financial Statements for the year ended 31 March 2022 Reference 2nd administrative details Charity name Rivers of Life Charity registration number 1157081 Governing instnllnent Declaration of Trust dated l April 2014 Trustees Robert Marshall Carolyn Will(es Dawn Paton Secretary to the Trustccs Rev D Dacre Trust objectives a) the advancement of the Christian faith. b) the relief of persons who are in conditions of need, hardship or distress or who are aged or sick. c) the provision of instruction in the Christian faith at any educational establishment. Principal address 6 Tidswell Street Heckniondwike WF160EB Bankers Virgin Money l The Penny Hill Centre Church Street Hunslet LSIO 2AP Independent examiner Glenis Parker 16 Heath Avenue HaJifax HX3 OEA Page 1
Rivers of Life Financial Statements for the year ended 31 March 2022 Report of the Trustees The Trustees present their Report and Financial Statements for the year ended 31 March 2022. Structure? governance and management Rivers of Life was constituted by a Declaration of Trust dated l April 2014. The objectives of the Charity ar¢: a) The advancement of the Christian faiih. b) The r¢li¢f of persons who are in conditioLs of need, Rthship or distress, or who arc aged or sicL c) The provision of instruction in the Christian faith at any educational establishmenL Trustees The Trustees who served during the year were: Robert Marshall Carolyn Wilkes Dawn Paton Any person being a member of the Church who accepts the Statement of Doctrines of the Church, may be appointed to the Trusteeship by the recognised spiritual l¢adeTS of the Church. Any new Trustee is given an introduction to the work of the Charity by the Secretary of the Trustees and given a copy of the Charity Commission guidelines CC3a and CCIO. together with an explanation of the role of a Trustee. The Trustees have reviewed the adequacy of the Charitys current internal controls and are confident that these controls conforn) with guidelines issued by the Charity Commission. Trustees responsibilities Charity law requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of its financial activities for that period. In preparing those financial statements the Trnstees are required to: a) s¢lect suitable accounting policies and apply thcm wnSistlly. b) make judgements and estimates that are reasonable and prudenL c) state whether the policies adopted are in accordance with the ChltieS SORP and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements. d) prepare the financial statements on the going concern basis unless it is inappropriate to &8sume the Charity will continue operating. The Trustees ate responsible for keeping proper acwunting records which disclose with reasonable accuracy at any timc the financial position of thc Charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the &ssets of the Charity and hence for taking rOttable steps for the prevention of fraud or othcr irregularities. Page 2
Rivers of LÈfe Financial Ststements for the year ended 31 March 2022 Report of the Trustees (continued) Reserves policy The Trustees have reviewed the Charity's needs for reserves in line with the guidance issued by the Charity Commission and consider it prudent that unrestricted reserves should be sufficient to avoid the necessity to realise fixed assets. The TnteeS are confident that future income will enable the Charity to meet its foreseeable needs on the basis of planned activity- Review of progress 2nd achievements Rivers of Life donated £14,213, 500/0 of the annual total income to national and international Christian works - El Shaddai Orphanage; Water for Africa: Christian Faith Ministries Zimbabwe. Christ for all Nations (CFAN). Eurovision" God TV and Shake the Nation4 along with various local ministries and charitable organisations. Rivers of Life Church has regular weekly prayer. home-group and church meetings. Stre¢l outreach Occed w¢ekly with accounts of physical and spiritual healing. Rivers of Life has a positive commitment to oppose all fornis of discrimination within the Charity and its beneficiaries. working towards promoting equality for all, irrespective of race, colour, nationality. religion, gender. class and age, in accordance with the Christian belief in the Bible as the word of God. Full details of the financial transactions are contained in the attached accounts. Publlc benefit When planning activities the Trustees have considered the Commission's guidance on public benefit and, in particular, the specific guidance on Charities for the advancement of religion. In particular. the Trustees ty to enable ordinary people to live out their faith as part of the community through: a) worship and prdyer, learning about the Gospel and developing their knowledge and tntst in Jesus. b) provision of pastoral carc for people living in the community: c) missionary and outreach work. Risk management The Trustees give consideration to the major risks to which the Charity is exposed and systems whÉch are designed to mitigate those risks on an ongoing basis. Signed on behalf of the Trustees on 31 December 2022 Rev D Dacre Secretary to the Trustees Page 3
Rivers of Life Financial Statements for the year ended 31 March 2022 Independent Examiner's Report to the Trustees of Rhem2 Faith Ministries I report on the Accounts of the Trust for the year ended 31 March 2022 which are set out on pages 5t08. Respective responsibilities of trustees and examiner The charity's tnistees are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is neede(L It is my responsibility to: a) examine the accounts under section 145 of the 2011 Act b) to follow the procedures laid down in the general Directions given by the commission under section 145 (5) (b) of the 2011 Act c) to state whether particular matters have come to my attention Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by th¢ Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Irue and fair view, the report is limited to those matters set out in the next statement. ndependent examiner's ststement In connection with my examination. no matter h&8 come to my attention; l) which gives me reasonable cause to believe that in any material respect the requirements: a) to keep accounting records in accordance with Section l )0 of the 2011 Act and b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 201 l Act have not been met or 2) to whicEL in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reacbe Clenis Parker Halifax Dated 31 December 2022 Page 4
Rivers of Life ststement of Financial Activities for the year ended 31 March 2022 Tot21 Funds 2022 Totsl Trunds 2021 note Unrestri¢ted Funds Restricted Funds Incomlng resources Voluntary in¢ome Investment income 29.462 29.462 32,076 Total Incoming resources 29,462 29.462 32,076 Resources expended Costs of charitable activities Governance costs Other resources expended 28.181 28,181 28.044 96 96 128 Total resources expeDded 28.277 28.277 28,172 Net outgoing resources for the year 1,185 1,185 Gross transfers betwttn funds Net movement in funds in the financial year 1,185 1,185 3.904 Total funds brought forward 6.907 6.907 3,003 Total funds carried forward 8,092 8.092 6,907 Page 5
Rivers of Life Balance Sheet 31 Mareh 2022 Total Funds 2022 Total unds 2021 note UDrestricted Funds R¢stri¢ted Funds Fixed assets Tangible assets 289 289 385 Current assets Debtors (Amounts due within one year) Cash at bank and in halld 2.760 5.043 2.760 5.043 1,977 4,545 7,803 7.803 6,522 Total assets 8.092 8.092 6.907 Less Current liabilities Creditois (amounts du¢ within one year) Net assets 8,092 8,092 6,907 Reseryes Balances brought forward Net incoming r¢sources for year Transters between funds 6.907 1.185 6.907 1.185 3,00) 3,904 Balances carried forward 8,092 8,092 6,907 These fingncial ststements were approved by the trnSte on 31 December 2022 Robert M8rshg11 CarolyR Wilkes Dawn Paton Page 6
Rivers of Life Financial Statements for the year ended 31 March 2022 Notes to the Accounts l Accounting policies Basis of preparation The financial statements have been prepared in accordance with applicable accounting standards and Cbarities Statement of Recommended Th7Ctice (SORP 2005). Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area for specific purpose(£ thc use of which is restricted to that area or ppoSe. Incoming resources Income from donations and gifts is brought into account only when the income is actually received. Resources expended Liabilities are recognised as soon as there is a legal obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds are the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs Governance costs include costs of the preparation and examination of statutory accounts, the costs of trustees meetings and the cost of any leoal advice to trustees on governance or constitutional matters. Depreciation Depreciation is calculated to write down the cost of fixed assets over their expected useful lives and is thereforc provid¢d on the following basis: Fixtures. fittings and equipment 250/0 on the written down value Page 7
Rivers of Life Financial Statements for the year ended 31 March 2022 Notes to the accounts 2022 2021 2 Staff eosts Ministy support Average number of employees 4.611 4,117 2022 202] 3 Independent examiner Fee 4 Schedule of Tangible Assets - Unrestricted Funds Frxtures & equip Tot21 Tfjtsl 2021 2022 Cost Brought forward Additions Disposals 861 861 861 861 861 861 Depre¢i2tion Brought forward Charge for year On disposal 476 476 96 348 128 572 57? 476 Written down value At 31 March 2022 289 289 At 31 March 2021 385 2022 2021 5 Debtors (amounts due within one year) Income l&x recoverable 2.760 1,977 2022 2021 6 Creditors (Ydmounts due within one year) Accruals 7 Transactions with trustees None of the trustees received fees or expenses during the year (2021 nil) Page 8