RIDGEWAY EVANGELICAL CHURCH C.I.O. REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2023
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 THE RIDGEWAY, CHINGFORD, LONDON E4 6PU YEAR TO 30 SEPTEMBER 2023 CIO TRUSTEES:. ROGER K. BACON NEIL TAYLOR until 24th October2022 VICKY COULSON CHRISTIANA JEMADE Irorn 24th October 2022 DOREEN MITCHELL from 24th October 2022 GEOFF MITCHELL from 24th OctDber 2022 TREASURER'.- NEIL TAYLOR INDEPENDENT EMMINER',- COBBIN FLOYD LIMITED THE OLD SURGERY 15A sfATION ROAD EPPING, ESSEX, CM16 4HG 8ANKERS..- NATIONAL WESTMINSTER BANK PLC, NORTH CHINGFORD 88, STATION ROAD, CHINGFQRD, LONDON E4 7XX
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2023 CONTENTS Report of the Trustees Page 1 Report of the Independenl Examiner Page 2 Slalemant of Financial A¢livilies Page 3 Balance Sheet Pa9e 4 Notes to the AccoLtnls Pages Elders, Report Pagg 7
RIDGEWAY EVANGELICAL CHURCH CIO Régistered Charity 1167588 ANNLJAL FINANCIAL REPORTS AND ACCOUNTS REPORTOF THE CONGREGATIONAL TRUSTEES I"TheTrLtstees'? The TTUStees present the annu81 report and accounts of Ridgeway Evangelical Church I'The Church") far the year ended the 30 September 2023. The Church is a CIO registered by the Charity Commission (number 11675881. 11 meets in RIdgeY Hall, a registered place of worship. The objectives of the charity are lo advance the Christian faith. lo relieve persons who are in conditions of need or hardship or who are aged or sick and to ielieve the distress ¢aused thereby, and lo promote and fulfil such other charitable purposes beneficial lo the community. The Trvslees serving for the year ended 30 September 2023 were.. Roger Bacon Vicky Coulson Chri51iana Jemade (from 24th October 2022) Doreen Mitchell (from 241h October 20221 Geoff Mrf(chell (from 24th October 20221 Neil Taylor (until 241n October 20221 The financial results for the year are sel out in the following page$. Charity Law requires Trustees lo prepare financial slalements each year which give a true and tsir view of the stale of the charity's financial activities during the year 8nd of its financial position al the end of the year. In preparing fiF)ancial staternents, which glve a true and lair view, the Trustees should follow best practice and.. 1. select suitsble accounting policiés and apply them con8istenUy', 2. rnake judgements and estimates that are reasonable prudent., Stale whether applicable accounting standards and statemen15 of recommended practice have been followed, subject lo any departures disclosed and explained in the finawial 5tatÈments", 4. prepare the financial statements Dn the going concern basis unless it itlappropriate lo pre8ume that the Charity will continue in operation. The trustees are responsible for keeping accounting records whiGh disclose wth reasonable accuracy the financial position uf the charity and which enable them lo ensure that the financial statements comply with the Ch3rilies Act 1993. They are also responsible for safeguarding the assets of the charity and hence lo take re3s0nabl& steps for the prevention and detection of fraud or other irregularity. TRUSTEE TR 26° May 2024 261 May2 24 Page
Irs'DEPENDENT ELiMINER'S REPORT TO THE TRUSTEES OF RtDGEWAY EVANGELICAL CHURCH I report on th¢ accounts for the year ended 30th Sep(¢rnber 2023, which are set out on pages three to six. RespoDsibilities #nd basi5 of report As tli¢ charity'5 tru5L¢es you are responsible for the preparation of the accounts in accordance with the reqliirernents of th¢ Chariiies Act 2011 {'the Act'}. I have examined your ¢hurity'S accounts as required under scction 145 of the Chariti¢s Act 2011 ('the Act'l. In carying out my exan)inatÉon I have followed the Dtrections given by thc Charity Commission undcr scction 145(5llb) of the 2011 Act. My rol¢ is to state whether any material matters have come to iny attention giving me cause to belicv¢'. that accounting records were not kcpt as requircd by section 130 of the Act,. or that the accounts do not accord with Ihose recordg; or that the accounts do not comply willi Il)e accollnting requirements olthe Act., or that there is further infonnation needed for a proper und¢rstanding of the accounts. Independent examiner's stAtement I have cojnpleted my examination and liave no concerns in respect of the niatt¢rs (11 14) list¢d above and. in cont]ection with foll()wing thc Directions of the Charity Commission I havc found no matters that require drawing to your attention. Iwatalic Floyd FCA Cobbin bloyd Limited ChaTtcr¢d Accountants 15a Sration Road Epping Essex CM16 4HG 26" May2024 Pag¢ 2
RIDGEWAYEVANGELIGAL CHURCH REGISTERED CHARITh 1167588 ANNUAL FINANCIAL REPORT ANDACCOUNTS YEAR TO 30th SEPTEMBER 2023 STATEMENT OF FINANCIAL ACTIVITIES 2023 'roTAL 2022 TOTAL See Note Gener Fund Restricted lrnprovemenl Funds Fund INCOMING RESOURCES Gffts and Colection5 Income Tax repayrnents Grantincome Inleiesl on B8nk Oep051t Other incon TOTAL INCOMING RESOURCES 27,178 9.157 3,059 6,723 4,319 50,436 27,178 9,157 3,059 7,056 4.319 50,769 4,495 37,OP 334 RESOURCES EXPENDED otchantabl2 Expendiiure- Chuich Running Cosis Lknation$ TOTAL RESOURCES EXPENOED 42,315 3,300 45,615 42,315 3.300 45,615 12,733 2,860 15,593 TRANSFER OF FbNDS INCOMING LESS OUTGOING RESOURCES 4,821 334 5,154 21,495 BALANCE OF FUNDS AT TOBIR1stJJ22 224,513 7,267 231,780 21D,285 SEPTEM8ER 30th 2023 229,334 7.601 236,934 231.780 Page
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30th SEPTEMBER 2023 BALANCE SHEEf See note 2023 2022 CURREMfASSETS Deposits with Chatities Olfi¢ial Invesbnenl Fund Bank ahd Cash BolanGE5 178,450 58,484 171,779 60,OD2 236,934 231,780 TOTALASSETS 23B,934 231,780 FUNDS UTrre5tricted Fun Genera Fund 229,334 Y24,513 229,334 Desiynaled Frnd Building ImprovementFund 224,513 7,601 Restri¢led Funds Kenya Fund TOTAL FUNDS 6,934 231,780 Thp accOmpanog notes form part of these 8Gwunts. fv- N. TAYLOR TREASURER TRUSTEE Date Page
YEAR T030th SEPTEklYER2023 NOTES TO THE ACCOUNTS 1.ACCOUNTING POLICIES The5E Cots have been prepared under the histoiiccoslcotwention and other appropriate standards. Fn patbcu12rlhe Statemenl olRecommended Ptice appIable to Ch?e5. DDnatrons, Colng and trx repaymen& are 8¢¢ounled for atlhe time olreceipl. Fumiture, rittgS and equipmènt aEwrii*en off as an expense in the yearolpurchase. The insuted v81ue ollhe bu1[n9 is £1240,589,' and content$ 15 £80,116. 2. UNRESTRICTEDAND DESIGNATED FUNDS The General Fund is an unrestricted fund wliich fina8 thè day-lo-day acimlies of ts Church and hdds any5urplus foifvture expenditur&. The Buildiw ImprovÈmenl Fund is a designql fund whh hoWs rnonlesln rèsèNe for improvements in the property and its lalities. 3. RESTRICTED FUNDS There ate Gurrenly no ieskncled lund5. 4. PREMISES The Church land and bU11n9S ale held in tsustby fvdgeway Hdl Ttusl, aro occupled UnderlenCe atzefo renL S. ETLs OF CHURCH RUNNING COSTS 2023 2022 Staff 51$ - sa18ries. NatioDal In18nce nsFo conlribubon General Insuran ealng, Lh"ng, WalÉr& Telophore charges BuildgS and relth equlpmenl- MaInlena & Improvements iDi5 Supportolchurch actriih'es Publicity, prinbng. postage and 5talion8ry. General Expenses 21,663 2,726 4,937 2,086 3,125 1.594 433 5,751 42,315 2,528 4,443 838 2,550 528 12,733 Page
s. tETAILS OF DONATIONS PAID 2023 2022 Un lal Ovèrsea5 Mission work 1,350 1220 Ibl Home Mis$y)n3riell and Mission$ 850 1,000 Icl Other home-related woik 1,1( Total Fund 3,300 2.860 7. STAFF COSTS 2023 22 Salaries Pension conlribtstton 21,290 373 21,e63 No. olslaf Page 6
REC Elder5 Report th Year ending 30 September 2023 The elders were keen to see the church develop with a wider range of activities and more of an outreach focus in the post-covid era. Two Pastoral Assistants were appointed from January 2023 to support the work of the church. Ada Boa5 and l<ay Taylor. Ada took a number of steps to increase the church's online presence, and updated the church's website. Kay undertook visiting and helped drive forward some additional groups. By the end of the year, the church had a well-embedded online prayer meeting every Wednesday. a craft group meeting on Fridays, Fellowship Time on Tuesdays, a Toddler Group for parents / carers with their children on Wednesday mornings, a monthly Saturday youth groupj and there had been largely unfruitful attempts to Start the Living Room project for young people after school on Mondays, with the involvement of Waltham Forest Youth for Christ. The main Sunday service continued. The preaching was delivered by several members of the Ridgeway familyj plus a complement of guest speakers. It was agreed that, usually, the fifth Sunday of the month should be 'Testimony Sunday,. There was a creche, a children's group and a youth group scheduled most weeks during the service. The church supported the local arrangements on Remembrance Day, providing warm drinks and changing facilities for the band. A wreath was laid at the war memorial. There was an Inside / Outside Christmas Carol Service in December, with the local community invited in. In early 2023, the church operated a warm space weekly, with a range of people coming in to Use the church facil ities and to keep warm. In October 2022, Valentin joined the eldership. Subsequently the elders and other key leaders within the church took on roles of 'Champion' of certain areas if the church life and work. The elders have been keen to work with other churches in Chingford. Kay attended several meetings of CICF. The church supported a parade event at Christmas with a camel. The church tookthe lead in organisingthe walk of witness in North ChingFord on Good Friday. There was also a joint prayer and praise event during the summer in Mansfield Park.
RIDGEWAY EVANGELICAL CHURCH C.I.O. REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2023
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 THE RIDGEWAY, CHINGFORD, LONDON E4 6PU YEAR TO 30 SEPTEMBER 2023 CIO TRUSTEES:. ROGER K. BACON NEIL TAYLOR until 24th October2022 VICKY COULSON CHRISTIANA JEMADE Irorn 24th October 2022 DOREEN MITCHELL from 24th October 2022 GEOFF MITCHELL from 24th OctDber 2022 TREASURER'.- NEIL TAYLOR INDEPENDENT EMMINER',- COBBIN FLOYD LIMITED THE OLD SURGERY 15A sfATION ROAD EPPING, ESSEX, CM16 4HG 8ANKERS..- NATIONAL WESTMINSTER BANK PLC, NORTH CHINGFORD 88, STATION ROAD, CHINGFQRD, LONDON E4 7XX
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2023 CONTENTS Report of the Trustees Page 1 Report of the Independenl Examiner Page 2 Slalemant of Financial A¢livilies Page 3 Balance Sheet Pa9e 4 Notes to the AccoLtnls Pages Elders, Report Pagg 7
RIDGEWAY EVANGELICAL CHURCH CIO Régistered Charity 1167588 ANNLJAL FINANCIAL REPORTS AND ACCOUNTS REPORTOF THE CONGREGATIONAL TRUSTEES I"TheTrLtstees'? The TTUStees present the annu81 report and accounts of Ridgeway Evangelical Church I'The Church") far the year ended the 30 September 2023. The Church is a CIO registered by the Charity Commission (number 11675881. 11 meets in RIdgeY Hall, a registered place of worship. The objectives of the charity are lo advance the Christian faith. lo relieve persons who are in conditions of need or hardship or who are aged or sick and to ielieve the distress ¢aused thereby, and lo promote and fulfil such other charitable purposes beneficial lo the community. The Trvslees serving for the year ended 30 September 2023 were.. Roger Bacon Vicky Coulson Chri51iana Jemade (from 24th October 2022) Doreen Mitchell (from 241h October 20221 Geoff Mrf(chell (from 24th October 20221 Neil Taylor (until 241n October 20221 The financial results for the year are sel out in the following page$. Charity Law requires Trustees lo prepare financial slalements each year which give a true and tsir view of the stale of the charity's financial activities during the year 8nd of its financial position al the end of the year. In preparing fiF)ancial staternents, which glve a true and lair view, the Trustees should follow best practice and.. 1. select suitsble accounting policiés and apply them con8istenUy', 2. rnake judgements and estimates that are reasonable prudent., Stale whether applicable accounting standards and statemen15 of recommended practice have been followed, subject lo any departures disclosed and explained in the finawial 5tatÈments", 4. prepare the financial statements Dn the going concern basis unless it itlappropriate lo pre8ume that the Charity will continue in operation. The trustees are responsible for keeping accounting records whiGh disclose wth reasonable accuracy the financial position uf the charity and which enable them lo ensure that the financial statements comply with the Ch3rilies Act 1993. They are also responsible for safeguarding the assets of the charity and hence lo take re3s0nabl& steps for the prevention and detection of fraud or other irregularity. TRUSTEE TR 26° May 2024 261 May2 24 Page
Irs'DEPENDENT ELiMINER'S REPORT TO THE TRUSTEES OF RtDGEWAY EVANGELICAL CHURCH I report on th¢ accounts for the year ended 30th Sep(¢rnber 2023, which are set out on pages three to six. RespoDsibilities #nd basi5 of report As tli¢ charity'5 tru5L¢es you are responsible for the preparation of the accounts in accordance with the reqliirernents of th¢ Chariiies Act 2011 {'the Act'}. I have examined your ¢hurity'S accounts as required under scction 145 of the Chariti¢s Act 2011 ('the Act'l. In carying out my exan)inatÉon I have followed the Dtrections given by thc Charity Commission undcr scction 145(5llb) of the 2011 Act. My rol¢ is to state whether any material matters have come to iny attention giving me cause to belicv¢'. that accounting records were not kcpt as requircd by section 130 of the Act,. or that the accounts do not accord with Ihose recordg; or that the accounts do not comply willi Il)e accollnting requirements olthe Act., or that there is further infonnation needed for a proper und¢rstanding of the accounts. Independent examiner's stAtement I have cojnpleted my examination and liave no concerns in respect of the niatt¢rs (11 14) list¢d above and. in cont]ection with foll()wing thc Directions of the Charity Commission I havc found no matters that require drawing to your attention. Iwatalic Floyd FCA Cobbin bloyd Limited ChaTtcr¢d Accountants 15a Sration Road Epping Essex CM16 4HG 26" May2024 Pag¢ 2
RIDGEWAYEVANGELIGAL CHURCH REGISTERED CHARITh 1167588 ANNUAL FINANCIAL REPORT ANDACCOUNTS YEAR TO 30th SEPTEMBER 2023 STATEMENT OF FINANCIAL ACTIVITIES 2023 'roTAL 2022 TOTAL See Note Gener Fund Restricted lrnprovemenl Funds Fund INCOMING RESOURCES Gffts and Colection5 Income Tax repayrnents Grantincome Inleiesl on B8nk Oep051t Other incon TOTAL INCOMING RESOURCES 27,178 9.157 3,059 6,723 4,319 50,436 27,178 9,157 3,059 7,056 4.319 50,769 4,495 37,OP 334 RESOURCES EXPENDED otchantabl2 Expendiiure- Chuich Running Cosis Lknation$ TOTAL RESOURCES EXPENOED 42,315 3,300 45,615 42,315 3.300 45,615 12,733 2,860 15,593 TRANSFER OF FbNDS INCOMING LESS OUTGOING RESOURCES 4,821 334 5,154 21,495 BALANCE OF FUNDS AT TOBIR1stJJ22 224,513 7,267 231,780 21D,285 SEPTEM8ER 30th 2023 229,334 7.601 236,934 231.780 Page
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30th SEPTEMBER 2023 BALANCE SHEEf See note 2023 2022 CURREMfASSETS Deposits with Chatities Olfi¢ial Invesbnenl Fund Bank ahd Cash BolanGE5 178,450 58,484 171,779 60,OD2 236,934 231,780 TOTALASSETS 23B,934 231,780 FUNDS UTrre5tricted Fun Genera Fund 229,334 Y24,513 229,334 Desiynaled Frnd Building ImprovementFund 224,513 7,601 Restri¢led Funds Kenya Fund TOTAL FUNDS 6,934 231,780 Thp accOmpanog notes form part of these 8Gwunts. fv- N. TAYLOR TREASURER TRUSTEE Date Page
YEAR T030th SEPTEklYER2023 NOTES TO THE ACCOUNTS 1.ACCOUNTING POLICIES The5E Cots have been prepared under the histoiiccoslcotwention and other appropriate standards. Fn patbcu12rlhe Statemenl olRecommended Ptice appIable to Ch?e5. DDnatrons, Colng and trx repaymen& are 8¢¢ounled for atlhe time olreceipl. Fumiture, rittgS and equipmènt aEwrii*en off as an expense in the yearolpurchase. The insuted v81ue ollhe bu1[n9 is £1240,589,' and content$ 15 £80,116. 2. UNRESTRICTEDAND DESIGNATED FUNDS The General Fund is an unrestricted fund wliich fina8 thè day-lo-day acimlies of ts Church and hdds any5urplus foifvture expenditur&. The Buildiw ImprovÈmenl Fund is a designql fund whh hoWs rnonlesln rèsèNe for improvements in the property and its lalities. 3. RESTRICTED FUNDS There ate Gurrenly no ieskncled lund5. 4. PREMISES The Church land and bU11n9S ale held in tsustby fvdgeway Hdl Ttusl, aro occupled UnderlenCe atzefo renL S. ETLs OF CHURCH RUNNING COSTS 2023 2022 Staff 51$ - sa18ries. NatioDal In18nce nsFo conlribubon General Insuran ealng, Lh"ng, WalÉr& Telophore charges BuildgS and relth equlpmenl- MaInlena & Improvements iDi5 Supportolchurch actriih'es Publicity, prinbng. postage and 5talion8ry. General Expenses 21,663 2,726 4,937 2,086 3,125 1.594 433 5,751 42,315 2,528 4,443 838 2,550 528 12,733 Page
s. tETAILS OF DONATIONS PAID 2023 2022 Un lal Ovèrsea5 Mission work 1,350 1220 Ibl Home Mis$y)n3riell and Mission$ 850 1,000 Icl Other home-related woik 1,1( Total Fund 3,300 2.860 7. STAFF COSTS 2023 22 Salaries Pension conlribtstton 21,290 373 21,e63 No. olslaf Page 6
REC Elder5 Report th Year ending 30 September 2023 The elders were keen to see the church develop with a wider range of activities and more of an outreach focus in the post-covid era. Two Pastoral Assistants were appointed from January 2023 to support the work of the church. Ada Boa5 and l<ay Taylor. Ada took a number of steps to increase the church's online presence, and updated the church's website. Kay undertook visiting and helped drive forward some additional groups. By the end of the year, the church had a well-embedded online prayer meeting every Wednesday. a craft group meeting on Fridays, Fellowship Time on Tuesdays, a Toddler Group for parents / carers with their children on Wednesday mornings, a monthly Saturday youth groupj and there had been largely unfruitful attempts to Start the Living Room project for young people after school on Mondays, with the involvement of Waltham Forest Youth for Christ. The main Sunday service continued. The preaching was delivered by several members of the Ridgeway familyj plus a complement of guest speakers. It was agreed that, usually, the fifth Sunday of the month should be 'Testimony Sunday,. There was a creche, a children's group and a youth group scheduled most weeks during the service. The church supported the local arrangements on Remembrance Day, providing warm drinks and changing facilities for the band. A wreath was laid at the war memorial. There was an Inside / Outside Christmas Carol Service in December, with the local community invited in. In early 2023, the church operated a warm space weekly, with a range of people coming in to Use the church facil ities and to keep warm. In October 2022, Valentin joined the eldership. Subsequently the elders and other key leaders within the church took on roles of 'Champion' of certain areas if the church life and work. The elders have been keen to work with other churches in Chingford. Kay attended several meetings of CICF. The church supported a parade event at Christmas with a camel. The church tookthe lead in organisingthe walk of witness in North ChingFord on Good Friday. There was also a joint prayer and praise event during the summer in Mansfield Park.
RIDGEWAY EVANGELICAL CHURCH C.I.O. REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2023
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 THE RIDGEWAY, CHINGFORD, LONDON E4 6PU YEAR TO 30 SEPTEMBER 2023 CIO TRUSTEES:. ROGER K. BACON NEIL TAYLOR until 24th October2022 VICKY COULSON CHRISTIANA JEMADE Irorn 24th October 2022 DOREEN MITCHELL from 24th October 2022 GEOFF MITCHELL from 24th OctDber 2022 TREASURER'.- NEIL TAYLOR INDEPENDENT EMMINER',- COBBIN FLOYD LIMITED THE OLD SURGERY 15A sfATION ROAD EPPING, ESSEX, CM16 4HG 8ANKERS..- NATIONAL WESTMINSTER BANK PLC, NORTH CHINGFORD 88, STATION ROAD, CHINGFQRD, LONDON E4 7XX
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2023 CONTENTS Report of the Trustees Page 1 Report of the Independenl Examiner Page 2 Slalemant of Financial A¢livilies Page 3 Balance Sheet Pa9e 4 Notes to the AccoLtnls Pages Elders, Report Pagg 7
RIDGEWAY EVANGELICAL CHURCH CIO Régistered Charity 1167588 ANNLJAL FINANCIAL REPORTS AND ACCOUNTS REPORTOF THE CONGREGATIONAL TRUSTEES I"TheTrLtstees'? The TTUStees present the annu81 report and accounts of Ridgeway Evangelical Church I'The Church") far the year ended the 30 September 2023. The Church is a CIO registered by the Charity Commission (number 11675881. 11 meets in RIdgeY Hall, a registered place of worship. The objectives of the charity are lo advance the Christian faith. lo relieve persons who are in conditions of need or hardship or who are aged or sick and to ielieve the distress ¢aused thereby, and lo promote and fulfil such other charitable purposes beneficial lo the community. The Trvslees serving for the year ended 30 September 2023 were.. Roger Bacon Vicky Coulson Chri51iana Jemade (from 24th October 2022) Doreen Mitchell (from 241h October 20221 Geoff Mrf(chell (from 24th October 20221 Neil Taylor (until 241n October 20221 The financial results for the year are sel out in the following page$. Charity Law requires Trustees lo prepare financial slalements each year which give a true and tsir view of the stale of the charity's financial activities during the year 8nd of its financial position al the end of the year. In preparing fiF)ancial staternents, which glve a true and lair view, the Trustees should follow best practice and.. 1. select suitsble accounting policiés and apply them con8istenUy', 2. rnake judgements and estimates that are reasonable prudent., Stale whether applicable accounting standards and statemen15 of recommended practice have been followed, subject lo any departures disclosed and explained in the finawial 5tatÈments", 4. prepare the financial statements Dn the going concern basis unless it itlappropriate lo pre8ume that the Charity will continue in operation. The trustees are responsible for keeping accounting records whiGh disclose wth reasonable accuracy the financial position uf the charity and which enable them lo ensure that the financial statements comply with the Ch3rilies Act 1993. They are also responsible for safeguarding the assets of the charity and hence lo take re3s0nabl& steps for the prevention and detection of fraud or other irregularity. TRUSTEE TR 26° May 2024 261 May2 24 Page
Irs'DEPENDENT ELiMINER'S REPORT TO THE TRUSTEES OF RtDGEWAY EVANGELICAL CHURCH I report on th¢ accounts for the year ended 30th Sep(¢rnber 2023, which are set out on pages three to six. RespoDsibilities #nd basi5 of report As tli¢ charity'5 tru5L¢es you are responsible for the preparation of the accounts in accordance with the reqliirernents of th¢ Chariiies Act 2011 {'the Act'}. I have examined your ¢hurity'S accounts as required under scction 145 of the Chariti¢s Act 2011 ('the Act'l. In carying out my exan)inatÉon I have followed the Dtrections given by thc Charity Commission undcr scction 145(5llb) of the 2011 Act. My rol¢ is to state whether any material matters have come to iny attention giving me cause to belicv¢'. that accounting records were not kcpt as requircd by section 130 of the Act,. or that the accounts do not accord with Ihose recordg; or that the accounts do not comply willi Il)e accollnting requirements olthe Act., or that there is further infonnation needed for a proper und¢rstanding of the accounts. Independent examiner's stAtement I have cojnpleted my examination and liave no concerns in respect of the niatt¢rs (11 14) list¢d above and. in cont]ection with foll()wing thc Directions of the Charity Commission I havc found no matters that require drawing to your attention. Iwatalic Floyd FCA Cobbin bloyd Limited ChaTtcr¢d Accountants 15a Sration Road Epping Essex CM16 4HG 26" May2024 Pag¢ 2
RIDGEWAYEVANGELIGAL CHURCH REGISTERED CHARITh 1167588 ANNUAL FINANCIAL REPORT ANDACCOUNTS YEAR TO 30th SEPTEMBER 2023 STATEMENT OF FINANCIAL ACTIVITIES 2023 'roTAL 2022 TOTAL See Note Gener Fund Restricted lrnprovemenl Funds Fund INCOMING RESOURCES Gffts and Colection5 Income Tax repayrnents Grantincome Inleiesl on B8nk Oep051t Other incon TOTAL INCOMING RESOURCES 27,178 9.157 3,059 6,723 4,319 50,436 27,178 9,157 3,059 7,056 4.319 50,769 4,495 37,OP 334 RESOURCES EXPENDED otchantabl2 Expendiiure- Chuich Running Cosis Lknation$ TOTAL RESOURCES EXPENOED 42,315 3,300 45,615 42,315 3.300 45,615 12,733 2,860 15,593 TRANSFER OF FbNDS INCOMING LESS OUTGOING RESOURCES 4,821 334 5,154 21,495 BALANCE OF FUNDS AT TOBIR1stJJ22 224,513 7,267 231,780 21D,285 SEPTEM8ER 30th 2023 229,334 7.601 236,934 231.780 Page
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30th SEPTEMBER 2023 BALANCE SHEEf See note 2023 2022 CURREMfASSETS Deposits with Chatities Olfi¢ial Invesbnenl Fund Bank ahd Cash BolanGE5 178,450 58,484 171,779 60,OD2 236,934 231,780 TOTALASSETS 23B,934 231,780 FUNDS UTrre5tricted Fun Genera Fund 229,334 Y24,513 229,334 Desiynaled Frnd Building ImprovementFund 224,513 7,601 Restri¢led Funds Kenya Fund TOTAL FUNDS 6,934 231,780 Thp accOmpanog notes form part of these 8Gwunts. fv- N. TAYLOR TREASURER TRUSTEE Date Page
YEAR T030th SEPTEklYER2023 NOTES TO THE ACCOUNTS 1.ACCOUNTING POLICIES The5E Cots have been prepared under the histoiiccoslcotwention and other appropriate standards. Fn patbcu12rlhe Statemenl olRecommended Ptice appIable to Ch?e5. DDnatrons, Colng and trx repaymen& are 8¢¢ounled for atlhe time olreceipl. Fumiture, rittgS and equipmènt aEwrii*en off as an expense in the yearolpurchase. The insuted v81ue ollhe bu1[n9 is £1240,589,' and content$ 15 £80,116. 2. UNRESTRICTEDAND DESIGNATED FUNDS The General Fund is an unrestricted fund wliich fina8 thè day-lo-day acimlies of ts Church and hdds any5urplus foifvture expenditur&. The Buildiw ImprovÈmenl Fund is a designql fund whh hoWs rnonlesln rèsèNe for improvements in the property and its lalities. 3. RESTRICTED FUNDS There ate Gurrenly no ieskncled lund5. 4. PREMISES The Church land and bU11n9S ale held in tsustby fvdgeway Hdl Ttusl, aro occupled UnderlenCe atzefo renL S. ETLs OF CHURCH RUNNING COSTS 2023 2022 Staff 51$ - sa18ries. NatioDal In18nce nsFo conlribubon General Insuran ealng, Lh"ng, WalÉr& Telophore charges BuildgS and relth equlpmenl- MaInlena & Improvements iDi5 Supportolchurch actriih'es Publicity, prinbng. postage and 5talion8ry. General Expenses 21,663 2,726 4,937 2,086 3,125 1.594 433 5,751 42,315 2,528 4,443 838 2,550 528 12,733 Page
s. tETAILS OF DONATIONS PAID 2023 2022 Un lal Ovèrsea5 Mission work 1,350 1220 Ibl Home Mis$y)n3riell and Mission$ 850 1,000 Icl Other home-related woik 1,1( Total Fund 3,300 2.860 7. STAFF COSTS 2023 22 Salaries Pension conlribtstton 21,290 373 21,e63 No. olslaf Page 6
REC Elder5 Report th Year ending 30 September 2023 The elders were keen to see the church develop with a wider range of activities and more of an outreach focus in the post-covid era. Two Pastoral Assistants were appointed from January 2023 to support the work of the church. Ada Boa5 and l<ay Taylor. Ada took a number of steps to increase the church's online presence, and updated the church's website. Kay undertook visiting and helped drive forward some additional groups. By the end of the year, the church had a well-embedded online prayer meeting every Wednesday. a craft group meeting on Fridays, Fellowship Time on Tuesdays, a Toddler Group for parents / carers with their children on Wednesday mornings, a monthly Saturday youth groupj and there had been largely unfruitful attempts to Start the Living Room project for young people after school on Mondays, with the involvement of Waltham Forest Youth for Christ. The main Sunday service continued. The preaching was delivered by several members of the Ridgeway familyj plus a complement of guest speakers. It was agreed that, usually, the fifth Sunday of the month should be 'Testimony Sunday,. There was a creche, a children's group and a youth group scheduled most weeks during the service. The church supported the local arrangements on Remembrance Day, providing warm drinks and changing facilities for the band. A wreath was laid at the war memorial. There was an Inside / Outside Christmas Carol Service in December, with the local community invited in. In early 2023, the church operated a warm space weekly, with a range of people coming in to Use the church facil ities and to keep warm. In October 2022, Valentin joined the eldership. Subsequently the elders and other key leaders within the church took on roles of 'Champion' of certain areas if the church life and work. The elders have been keen to work with other churches in Chingford. Kay attended several meetings of CICF. The church supported a parade event at Christmas with a camel. The church tookthe lead in organisingthe walk of witness in North ChingFord on Good Friday. There was also a joint prayer and praise event during the summer in Mansfield Park.