RIDGEWAY EVANGELICAL CHURCH C.I.O. REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2024
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITY 1167588 THE RIDGEWAY, CHINGFORD, LONDON E4 6PU YEAR TO 30 SEPTEMBER 2024 CIO TRUSTEES'.- ROGER K. BACON VICKY COULSON CHRISTIANA JEMADE GEOFF MITCHELL (until 26th January 2024) DOREEN Ml"fcHELL JOHN HERMES (from 18th September 2024) NEIL TAYLOR (from 30th September 2024) TREASURER: NEIL TAYLOR INDEPENDENT EXAMINER:. COBBIN FLOYD LIMITED THE OLD SURGERY 15A STATION ROAD EPPING, ESSEX, CM16 4HG BANKERS: ATIONAL WESTMINSTER BANK PLC, NORTH CHINGFORD 88, STATION ROAD, CHINGFORD, LONDON E4 7XX
RIDGEWAY EVANGFLICAL CHURCH REGISTERED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30TH SEPTEMBER 2024 CONTENTS Report of the Truslees Page 1 Report of the Independent Examiner Page 2 Statement of Financial Activities Page 3 Balance opheet Page 4 Notes to the Accounts Pages 5-6 Elders, Report Page 7
RIDGEWAY EVANGELICAL CHURCH CIO Règistered Charity 1167588 ANNUAL FINANCIAL REPORTS AND ACCOUNTS REPORT OF THE CONGREGATIONAL TRUSTEES ("The Trustees'l The Trustees present the annual report and accounts of Ridgeway Evangelical Church ( The Church") for th& year ended the 30 September 2024. The Church is a CIO registered by the Charity Commission (number 1167588). It meets in Ridgeway Hall, a registered place of worship. The objectives of the charity are to advance the Christian faith, to relieve persons who are in Gonditions of need or hardship or who are aged or sick and to relieve the distress caused théreby, and to promote and fulfil such other charitable purposes beneficial to the community. The Trustees serving for the year ended 30 September 2024 were: Roger Bacon Vicky Coulson '. Christiana Jemade Doreen Mitchell Geoff Mitchell (until 26th January 20241 John Hermes (from 18th September 2024) Neil Taylor (from 30th September 2024) The financial results for the year are set out in the following pages. Charity Law requires Trustees to prepare financial statements each year which give a true and fair view of the state of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements, which give a true and fair view, the Trustees should follow best practice and- 1. select suitable accountiD.g policies and apply them consistently., 2. make judgements and estimates that are reasonable and prudent., state whether applicable accoun'ting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements., 4. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the finaricial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence to take reasonable steps for the prevention and detection of fraud or other irregularity. TRUSTEE TRUSTEE th 27 Apyjl 2025 Page
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOLDINGS CHURCH Independent examiner'5 report to the trustees of Goldings Church report io the charity trustees on my exainination of the accounts of Goldings Church for the year ended 30th September 2024. Responsibilities and basis of report As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in catrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's Statement I have completed iny examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements con¢¢rning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a true and fair vi¢w which is not a matter considered as part of an independent examination. I have no concerns and hav¢ come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Natalie Floyd ACA Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM164HG 27th April 2025
RIDGEWAY EVANGELICAL CHURCH REGIST&.RED CHARITY 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30th SEPTEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES 2024 TOTAL 2023 TOTAL See Note General Fund Building Improvement Fund Reslricled Funds INCOIfflING RESOURCES Gifts and Collections Income Tax repayments Grant income Interest on Bank Deposit Other income TOTAL INCOMING RESOURCES 23,827 1,404 23,827 1,404 27,178 9,157 3,059 7,056 4,319 50,769 10,228 5,177 40,836 339 10,567 5,177 40,975 339 RESOURCES EXPENDED Direct Charitable Expenditure- Church Running Costs Donations TOTAL RESOURCES EXPENDED 35,547 2,497 38,044 35,S47 2,497 38,044 42,315 3,300 45,615 TRANSFER OF FUNDS INCOMING LESS OUTGOING RESOURCES 2,592 339 2,931 5,154 BALANCE OF FUNDS AT OCTOBER 1st 2023 229,334 7,601 236,934 231,780 SEPTEM8ER 30th 2024 231,926 7,940 239,866 236,934 Page
RIDGEWAY EVANGELICAL CHURCH REGISTERED CHARITh 1167588 ANNUAL FINANCIAL REPORT AND ACCOUNTS YEAR TO 30th SEPTEMBER 2024 BALANCE SHEET 2024 2023 note CURRENT ASSETS Deposits with Charities Official Investment Fund Bank and Cash Balances 187,730 52,136 178,450 58,484 239,866 236.934 TOTAL ASSETS 239,866 236,934 FUNDS UnreslriGled Funds General Fund 231,926 229,334 231,926 229,334 Designated Fund Building Improvement Fund 7,940 7,601 Reslricled Funds Kenya Fund TOTAL FUNDS 239,866 236,934 The mpanying notes form part ofthese accounts. N. TAYLOR TREASURER TRUSTEE Date Page.
YEAR TO 30th SEPTEMBER 2024 NOTES TO THÈ ACCOUNTS 1. ACCOUNTING POLICIES These accounts have been prepared under the historic cost convention and other appropriate standards, in particular the Statement OT Recommended Practice applicable Èo Charities. Donations, collections and lax repayments are accounted lor al the lime of receipt. Furniture, fittings and equipment are written off as an expense in the year of purchase. The insured value of the building is £1,275,343. and contents is £80,116. 2. UNRESTRICTED AND DESIGNATED FUNDS The General Fund is an unrestricted fund which finances the day-to-day activities of the Church and holds any surplus for future expendiluro. The Building Improvement Fund is a designated fund which holds monies in reserve for improvements in the properly and its facilities. 3. RESTRICTED FUNDS There are curienlSy no reslricled funds. 4. PREPIISES The Church land and buildings are held in trust by Ridgeway Hall Trust, and are occupied under li¢ence al zero rent. 5. DETAILS OF GHURGH RUNNING COSTS 2024 2023 itsff cosis salaries, National Insufance and pension contribution General Insurance Healing, Lighting, Water & Telephone charges Buildings and related equipmenl- Maintenance & Improvements Ministry Support of church activities Publicily, printing, postage and slalionery. General Expenses 19,003 2,965 6,301 2,011 2,475 202 294 2,297 35,547 21,663 2,726 4,937 2,086 3,125 1,594 433 5,751 42,315 Page
- DETAILS OF DONATIONS PAID 2024 2023 UnreslriGted Funds lal Overseas Mission work 1,800 1,350 Ibl Home Missionaries and Missions 400 850 {cl Other home-relaled work 297 1,100 Total Funds 2,497 3,300
- STAFF COSTS 2024 2023 Salaries Pension contribution 18,649 353 19.003 21,290 373 21,663 No. of staff Pagè 6
REC Elders Report th Year ending 30 September 2024 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 in post at the start of the financial year: Ada Boas and Kay Taylor. Ada resigned her post in November 2023 to follow up on other opportunities. We were very grateful for all her work, particularly in developing the church's online presence, and updating of the website. Kay continued working for the church throughout the financial year, undertook visiting and helped drive forward both the Toddler Time and craft group, in particular. The church's well-embedded online prayer meeting every Wednesday continued, as did the craft group meeting on Fridays, Fellowship Time on Tuesdays, and the Toddler Group for parents / carer5 With their children on Wednesday mornings. A monthly Saturday youth group, operated during the year, although numbers attending were below what we would have liked. The main Sunday service continued. The preaching was delivered by several members of the Ridgeway family, plu5 a complement of guest Speakers. During months containing five Sundays, the fifth Sunday was designated '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. There was the annual Christmas Carol Service in December. A special service also took place on Good Friday, with church member5 supporting the Walk of Witness at Chingford Mount afterwards. The elders have remained keen to work with other churches in Chingford. Kay attended sevsaral meetings of CICF. There was a joint prayer and praise event during the summer in Mansfield Park. fy-7