Rivers of Life Financial Statements for the year ended 31 March 2024
Rivers of Life Financial Statements for the year ended 31 March 2024 Contents Page Reference and administrative details 213 Trustees report Independent examiner's report Statement of financial activities Balance sheet 718 Notes to the financial statements
Rivers of Life Financial Statements for the year ended 31 March 2024 Reference and administrative details Charity name Rivers of Life Charity registration number 1157081 Governing instrument Declaration of Trust dated l April 20] 4 Trustees Robert Marshall Carolyn Will(es Dawn Harris Secretary to the Trustees 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. ) the provision of instruction in the Christian faith at any educational establishinent. Principal address 6 Tidswell Street Heckmondwike WF16 OEB Bankers Vii'gin Money l The Penny Hill Centre Church street Hunslet Leeds LSIO 2AP Independent examiner Glenis Parker 16 Heath Avenue Halifax HX3 OEA Page 1
Rivers of Life Finaneigdl Statements for the year ended 31 March 2024 Report of the Trustees The Trustees present their Report and Financial Statements for the year ended 31 March 2024. Structure? governance and management Rivers of Life was constituted by a Dec)aration of Trust dated l April 2014. The objectives of the Charity are:. 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. Trustees The Trustees who served during the year were:_ Robert Marshall Carolyn Wilkes Dawn Harris Any person being a rnember of the Church who accepts the Statement of Doctrines of the Church. may be appointed to the Trusteeship by the recognised spiritual leaders 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 Cominission guidelines CC3a and CCI O, together with an explanation of the role of a Trustee. The Trustees have reviewed the adequacy of the Charity's current internal coiitrols and are confidcnt that these controls conform with guidelines issued by the Charity Commission. Trustees responsibilities Charity law requires the Trustees lo prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charily and of its financial activities for that period. In preparing those financial statements the Trustees are required to: a) select suitable accounting policies and apply them consistently. b) make judgements and estimates that are reasonable and prudent; c) state whether the policies adopted are in accordance with the charities 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 assume the Charity will continue operating. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud or other irregularities. Page 2
Rivers of Life Financial Statements for the year ended 31 March 2024 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 corAsider it prudent that unrestricted reserves should be sufficient to avoid the necessity to realise fixed assets. The Trustees are confident that future income will enable the Charity to meet its foreseeable needs on the basis of planned activity. Review of progress and achievements Rivers of Life donated £17,821, over 47 % 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 Nations, along with various local ministries and charitable organisations. Rivers of Life Church has regular weekly prayer. home-group and church meetings. Street outreach occurred weeldy with accounts of physical and spiritual healing. Rivers of Life has a positive commitment to oppose all foms 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. Ful I details of the financial transactions are contained in the attached accounts. Public 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 try to enable ordinary people to live out their faith as part of the coinmunity through: a) worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus" b) provision of pastoral care for people living in the community. c) missionary and outreach work. Risk management The Trustees give consideration to the jnajor risks to which the Charity is exposed and systems which are designed to mitigate those risks on an ongoing basis. Signed on behalf of the Trustees on 5th January 2025 Rev D Dacre Secretary to the Trustees Page 3
Rivers of Life Financial Statements for the year ended 31 March 2024 Independent Examiner's Report to the Trustees of Rhema Faith Ministries I report on the Accounts of the Trust for the year ended 31 March 2024 which are set out on pages 5t08. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The cliarity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and tliat an independent examination is needed. 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 Ihe coinmission under section 145 (5) (b) of the 201 l 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 the 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 uiiusual iteins or disclosures in tlie 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 'true and fair view, the report is limited to those matters set out in the next statement. Independent examiner's statement In connection with my examination, no matter has come to my attention; l ) which gives rne reasonable cause to believe that in any material respect the requireinents: a) to keep accounting records in accordance with Section 130 of the 201 l 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 which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Glenis Parker Independent Examiner Dated 5th January 2025 Page 4
Rivers of Life Statement of Finallcxal Activities for the year ended 31 March 2024 Total Funds 2024 Total bunds 2023 note ITnrcstricted Funds R¢strict¢d Incoming resources Voluntary income Investment income 39.209 39,209 29,946 Total incoming resources 39,209 39,209 29,946 Resources expended Costs of charitable activities Governance costs Other resources expended 31,309 31.309 30.541 93 93 123 Total resources expended 31,402 31,402 30,664 Net incomingl outgoing resources for the year 7,807 7,807 -718 Gross transfers between funds Net movement in funds in the financial year 7,807 7,807 -718 Total funds brought forward 7,374 7,374 8,092 Total funds carried forward 15,181 15,181 7,374 Page 5
Rivers of Life Balance Sheet 31 Mi arch 2024 'rotal Funds 2024 Total Funds 2023 note Unrestricted 14unds Restricted Funds Fixed assets Tangible assets 279 372 279 Current Assets Debtors (Amounts due within one year) Cash at bank and in hand 3,141 11,761 3,141 11,761 1,089 5,913 14,902 14,902 7,002 Total assets 15,181 15,181 7,374 Less Current liabilities Creditors (amounts due within one year) 15,181 7,374 Net Assets 15,181 Reserves Balances brought forward Net incoming] outgoing resources for year Transfers between funds 7,374 7,807 7,374 7.807 8,092 -718 7,374 Balances carried forwArd 15,181 15,181 These financial statements were approved by the trustees on 5 January 2025 Robert Marshall Carolyn Wilkes Daivn Harris Page 6
Rivers of Life Financial Statements for the year ended 31 March 2024 Notes to the Aecounts l Accounting policies Basis of preparation The fmancial statements have been prepared in accordance with applicable accounting standards and Charities Statement of Recommended Practice (SORP 2005). Fund aceounting 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 purposed, the use of which is restricted to that area or purpose. 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 altracting 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 tliat can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs Governance costs include cosls of the preparation and examination of statutory accounts, the costs of trustees meetings and the cost of any legal 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 therefore provided on the following basis: Fixtures, fittings and equipment 25 % on the written down value Page 7
Rivers of Life Financial Statements for the year ended 31 March 2024 Notes to the accounts 2024 2023 2 Staff costs Ministry support Average number of ernployees 5,408 5,728 2024 2023 3 llldependent examiner Fee 4 Schedule of Tangible Assets Unrestricted Funds Fixtures & equip Total 2024 Total 2023 Cost Brought forward Additions Disposals 861 206 1,067 1,067 1,067 1,067 1,067 Depreciation Brought forward Charge for year On disposal 695 93 695 93 572 123 788 788 695 Written down value At 31 March 2024 At 31 March 2023 279 279 372 2024 2023 S Debtors (amounts due WAthin one year) Income tax recoverable 3,142 1,089 2024 2023 6 Creditors (amounts due within one year) Accruals 7 Transactions with trustees None of the trustees received fees or expenses during the year (2023 nil) Page 8