CHARITY REGISTRATION NUMBER 1194553 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane, Bosham, PO18 8NF ## **RIVER CHURCH IPSWICH** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** **----- Start of picture text -----**
Page
Legal and Administrative Information 3
Trustees' Report 4 to 7
Independent Examiner's Report on the Accounts 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 19
**----- End of picture text -----**
## **RIVER CHURCH IPSWICH** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** 1194553 ## **START OF FINANCIAL YEAR** ## **END OF FINANCIAL YEAR** 01 January 2024 31 December 2024 ## **TRUSTEES AT 31 DECEMBER 2024** Revd Amy Key (Chair) (ex officio) Appointed 20 May 2021 Revd Matthew Key (Vice-Chair (ex officio) Appointed 20 May 2021 Mr Ian Sturgess Appointed 20 May 2021 Mr Robin Elsdon-Dew Appointed 20 May 2021 Mr Kim Vaudrey Appointed 20 May 21 (Resigned 3 Jan 24) Dr Amy Mills Appointed 27 March 2022 Kerry Addo-Hill Appointed 16 Sep 2024 Mark Sheard Appointed 3 June 2024 Sharnai Reddi Appointed 26 Feb 2024 Lauren Allen Appointed 23 Jan 2024 New trustees are appointed in accordance with the provisions of the constitution. ## **GOVERNING INSTRUMENT** CIO-FOUNDATION adopted 20th May 2021 ## **REGISTRATION DATE** 20 May 2021 ## **OBJECTS** The advancement of the Christian Religion by the setting up and running of new Christian Churches in accordance with the principles and established teaching of the Church of England in the town of Ipswich and the County of Suffolk. **CORRESPONDENCE ADDRESS** River Church Ipswich St Mary-at-the-Quay Key Street Ipswich Suffolk IP4 1BZ **PRIMARY BANKERS** Lloyds Bank PLC Oldham PO Box 1000 BX1 1LT **INDEPENDENT EXAMINER** Gary Shulz (ACMA) Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **RIVER CHURCH IPSWICH** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024** The board of trustees present their reports and accounts for River Church Ipswich for the period ending 31st December 2024. ## **Structure, Governance and Management** River Church Ipswich is a Charitable Incorporated Organisation (CIO) registered in the UK with the Charity Commission of England and Wales (registered number 1194553). River Church Ipswich is governed by a constitution, adopted upon the charity’s registration on 20th May 2021, and according to which trustees are appointed. ## **Decision Making** All financial and strategic decisions over £5,000 are taken by the trustees. The organisational implementation of the strategy is carried out by the Church Leaders and their staff team, in accordance with the trustees’ Scheme of Delegation. ## **Trustee Training** All staff, volunteers, and trustees undergo a formal selection process, followed by an induction period which includes any training necessary to effectively perform their role. Senior leadership of the church consists of clergy, whose stipendiary remuneration is set by the Diocese of St Edmundsbury and Ipswich. ## **Volunteers** River Church benefits from the dedicated work of a great number of volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in these accounts. ## **Objects and Activities** Our objects are set out in our governing document, which was adopted by the trustees upon the charity’s registration on 20th May 2021. ## **Our objects are:** The advancement of the Christian religion by the setting up and running of new Christian churches in accordance with the principles and established teaching of the Church of England in the town of Ipswich and the county of Suffolk. ## **Dream, Purpose, and Goals** The board of trustees is committed to our dream, purpose, and goals. Our dream is to see Ipswich overflowing with life. Our purpose is to love God, love Ipswich, and love life. Our goals are to be Spirit-filled, people-empowering, fun-loving, and abundantly-living. In accordance with these statements, the church aims to meet its objects through a diverse range of activities including the provision of: Christian worship, evangelism, and discipleship; social transformation activities; and church planting. Given the diversity of the church’s activities, performance is measured on a case-by-case basis. ## **Public Benefit** In accordance with our duties stated in section 17(5) of the Charities Act, we have considered the guidance provided by the Charity Commission in relation to public benefit. This public benefit has been demonstrated by the activities undertaken since the inception of the charity outlined in this document. ## **Achievements and Performance** River Church is an HTB Network church plant in the centre of Ipswich. As part of the Church of England Diocese of St Edmundsbury and Ipswich’s Inspiring Ipswich project, River Church has a remit to reach out to students at the University of Suffolk, young adults, young families, and those on the margins of society in Ipswich, and to grow into a thriving resource church for Suffolk ## **Love God: Worship and Prayer** River Church runs a number of worship services and events. **THE TEN** is an informal, contemporary service with groups for children, which launched in January 2023. **THE SIX** is an informal, contemporary service, aimed at students, young people, and young adults in particular. **7am Prayer** on Tuesday mornings continues to grow and flourish; it is the engine room of the church, and we have seen many answered prayers, healings, breakthroughs, and prophetic words there. **Overflow** is a monthly event featuring an evening of uninterrupted, informal prayer, worship, and ministry in the Holy Spirit. By the end of 2024, average weekly **attendance** across these services was 240 people (up from 179 in 2023). The total **mission initiative roll** (Church of England measure of total congregation size) has grown to 369 adults (up from 302 in 2023), two-thirds of whom are aged under 35. 4 ## **RIVER CHURCH IPSWICH** ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **Love Ipswich: Social Transformation** We ran our second **Pre-Marriage Course** , which supported 5 couples who are engaged or thinking about getting married to develop healthy, lasting relationships, by covering topics such as communication, conflict, and expectations. We also ran a regular group providing support to single people. We packed and delivered more than 800 bags of kindness to vulnerable and isolated people across Ipswich as part of our **Love Christmas** and **Love Easter** campaigns. More than 2,000 individuals benefited from the project, with recipients including those experiencing homelessness, prisoners, those living in poverty or financial difficulty, students isolated from their families over Christmas, and those experiencing mental or physical ill health, or loneliness. We ran 4 **Spear** programmes in 2024, supporting NEET (not in employment, education or training) 16-24 year olds with employability. Members of River Church facilitated weekly sessions supporting **prison residents** at HMP Hollesley Bay. They also ran Alpha sessions and worship nights for them in partnership with the prison chaplaincy. River Coffee continued to operate Monday to Friday, 10am to 3pm until May 2024. It has temporarily ceased trading to give the trustees time to consider the long-term future of River Coffee and a new Coffee Shop Manager has not been recruited. Before its pause, River Coffee welcomed a wide variety of guests, including those inside and outside the church congregation, passers-by, those buying coffee and a snack whilst meeting friends, those unable to buy a drink but in need of a warm space, and students looking for a comfortable place to study. We have continued to train new volunteers, and those seeking work experience, as baristas. **Baby Love** , which is a free, weekly space for babies and toddlers, and their parents and carers continued to grow in 2024. Baby Love provides soft play and toys, opportunities for children and carers to meet and interact, and refreshments through River Coffee. **River Store** , our social supermarket provides food and household essentials to those in financial hardship, as well as a free hot drinks from River Coffee. River Store has grown quickly we have provided more than 40,000 meals to those in need from more than 400 households in 2024. ## **Love Life: Evangelism and Discipleship** We have run 7 **Alpha** courses this year, with a total of 99 people attending (64 guests and 35 team). This year, we have seen 32 people decide to follow Jesus at River Church, and a total of 124 **new Christians** since the church launched. We have run 7 **Hangouts** in 2024. These are our small groups providing discipleship, pastoral care, and community, meeting in homes across Ipswich, and 80 people are now in Hangouts. We have celebrated 9 **baptisms** in 2024. 62 people from River Church attended our annual HTB Network festival, **Focus** , over the summer. As part of our remit as a **Resource Church** , supporting other churches across Suffolk we have run and hosted a number of deanery and diocesan events, including Diocesan Evangelical Network meetings to support other local churches and leaders in their work. We have also provided preachers and worship leaders for other churches in Suffolk who are less well resourced. We are now the Love Your Neighbour Hub Church for Suffolk. As the Alpha Hub Church for Suffolk, we ran a town-wide Alpha campaign, training, equipping and supporting 10 churches across Ipswich to run 16 Alpha courses in early 2024. More than 350 people attended, and around 50 people became Christians and/or started attending church as a result. We have continued to grow our student ministry in 2024, running weekly **Student Nights** during term time (both socials and discipleship input), weekly **Bible and Brunch** Bible study sessions for students, providing staff and volunteer support to the University of Suffolk **Chaplaincy** , and being present at **Freshers** with our own stall, where we distributed hundreds of River student welcome packs and free merchandise. Around 40 students now engage with River Church activities and events. **River Collective** continued to provide social events across the town to build supportive community among 20s and 30s in their journey with Jesus. 5 ## **RIVER CHURCH IPSWICH** ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **Staffing and Volunteering** The River Church staff team consists of 11 people, comprising 2 full-time clergy, 1 ordinand, and 8 operational and ministry staff. We also have 2 outstanding staff vacancies, which would take the total staff to 13 people. We continue to work towards expanding the staff team to grow our capacity for mission, ministry, and church planting in the future. Three individuals from River Church are in the process of discernment for ordination training in the Church of England. ## 115 people have volunteered as part of our **Dream Team** in 2024. ## **Future Plans** The charity plans on continuing, expanding, and adding to its existing activities in forthcoming years, subject to satisfactory funding becoming available. ## **Reserves Policy** River Church aims to accumulate and retain as unrestricted reserves three months’ running costs. At the end of 2024, unrestricted reserves totalled £43,269 (2023: £57,972). ## **Financial Review** In the period to the end of 31st December 2024, River Church raised a total income of £382,637 (2023: £329,372) against a total expenditure of £450,256 (2023: £315,382). Unrestricted funds at the end of the year totalled £43,269 (2023: £57,972). Restricted funds at the end of the year totalled £18,453 (2023: £71,369).The balance in the bank at the end of the year totalled £55,964 (2023: £146,641). For further details, please see the below financial statements. ## **Safeguarding** The trustees have adopted the Church of England’s safeguarding policy, relating to children, young people, and vulnerable adults. Lauren Allen served alongside Matt Key as Safeguarding Officer, supported by the diocesan safeguarding officer. The trustees are committed to best practice in safeguarding, through the implementation of our policy, which includes provision for DBS checks, safeguarding training, safer recruitment, and practical measures to protect everybody involved in and served by River Church. Further details and the full policy are available at riverchurchipswich.org. 6 ## **RIVER CHURCH IPSWICH** ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **Responsibilities of Trustees** Charity law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required - select suitable accounting policies and apply them consistently - make judgments and estimates that are reasonable and prudent - comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The Board of Trustees is responsible for maintaining 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 and detection of fraud and other irregularities and to provide reasonable assurance that:- - the charity is operating efficiently and effectively - all assets are safeguarded against unauthorised use or disposition and are properly applied - proper records are maintained and financial information used within the charity or for publication is reliable - the charity complies with relevant laws and regulations The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss. Approved by the Trustees on….....................................3/7/2025 Signed on their behalf by Trustee ….............................. > Printed Name: REV AMY KEY 7 IPaIEPEMDEP￿ EXAMINE￿5 REPORT THE ACCOUP¥ts FOR THE YEAR E￿￿ED 31ST I￿￿NBER 1024 dth•Ch*** Act 2022 ￿h+•￿t7. I rwt kn dmy d1114v Ips*th4 undw g¢tlrffi 145 cl lh¢ 2022 *Lt th¢ Id. the 2011 kt. l th# l ou*th110 Uftht•k¢ the • m•nbw 4YthtIh•t￿j Inxiuth rf m• t•JMto b••rnth# In *ty r*wt: C￿ntkn9 r￿ty￿S rtsf*t Ipimth by IJO dthe •Lt: Qr tr* n¢4 r¢¢tyd *th th¢ae re¢tyds; ty the Chwtly {Acr￿ntS RÈptyb) P4ulrtkns 2008 dher th￿ ￿Y that the l* ¥larf whth Is noi a matt# Cfffislloral as pb* kndw¢lent Éumknatkn. th¥ rwt hi tyow to•nablt • ¢lthe tobe r•Kh•J. GW FOIA (*te: 0310712025 Un12 C•ntr* D•wr4 *X8W ## **RIVER CHURCH IPSWICH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024** |**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
Investment Income
**3b**
Charitable Activities
**3c**
**TOTAL INCOMING RESOURCES**
Costs of Charitable Activities
**4a**
Costs of Generating Funds
**4b**
**NET INCOMING/(OUTGOING) RESOURCES**
**TOTAL FUNDS BROUGHT FORWARD**
**TOTAL FUNDS CARRIED FORWARD**
**RESOURCES EXPENDED**
**NET MOVEMENT IN FUNDS**
**TOTAL RESOURCES EXPENDED**
**TRANSFERS BETWEEN FUNDS**|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
275,713
72,540
7,414
355,667
298,796
1,303
-
-
1,303
585
25,668
-
-
25,668
29,991| |---|---| ||**302,684**
**72,540**
**7,414**
**382,637**
**329,372**| ||283,068
138,155
6,217
427,440
315,382
20,772
-
-
20,772
-| ||**303,840**
**138,155**
**6,217**
**448,212**
**315,382**| ||**(1,156)**
**(65,616)**
**1,197**
**(65,574)**
**13,989**
(11,354)
12,700
(1,346)
-
-| ||**(12,509)**
**(52,916)**
**(149)**
**(65,574)**
**13,989**| ||32,823
71,369
25,149
129,341
115,352| ||**20,314**
**18,453**
**25,000**
**63,767**
**129,341**| All of the Charity's operations are classed as continuing operations. The notes form part of these financial statements, found on pages:11 to 19 9 ## **RIVER CHURCH IPSWICH** ## **BALANCE SHEET** ## **AS AT 31 DECEMBER 2024** |**Fixed Assets**
Notes
Tangible Assets
**2**
**Current Assets**
**9**
**8**
**Total Current Assets**
**10**
**11**
**5**
**6**
**Creditors:**due in more than one year
Debtors & Prepayments
**TOTAL ASSETS**less current liabilities
Cash at bank and in hand
**Creditors:**due within one year
**NET CURRENT ASSETS**
**TOTAL FUNDS**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Designated Funds
General Funds
Restricted funds|Unrestricted
Restricted
**Total**
**Total**
Fund
Funds
**31-Dec-24**
**31-Dec-23**
£
**£**
**£**
12,438
-
12,438
16,584| |---|---| ||**12,438**
**-**
**12,438**
**16,584**| ||2,146
-
2,146
4,110
37,511
18,453
55,964
146,641| ||**39,657**
**18,453**
**58,110**
**150,751**| ||6,326
-
6,326
37,766
33,331
18,453
51,784
112,985| ||**45,769**
**18,453**
**64,222**
**129,569**
455
-
455
228| ||**45,314**
**18,453**
**63,767**
**129,341**| ||20,314
-
20,314
32,823
-
18,453
18,453
71,369
25,000
-
25,000
25,149
-| ||**45,314**
**18,453**
**63,767**
**129,341**| Approved by the Trustees on the…..................................................................................................................3/7/2025 Signed on their behalf by Trustee.................................................................................................................... Print Name:…............................................................REV AMY KEY 10 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **1. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. ## **Basis of preparation:** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2022. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Recognition of Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and · the monetary value can be measured with sufficient reliability. ## **Incoming Resources with Related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## **Tax Reclaims on Donations and Gifts** Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## **Contractual Income and Performance Related Grants** This is only included in the SOFA once the related goods or services has been delivered. ## **Gifts in Kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees. ## **Donated Services and Facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **Investment Income** This is included in the accounts when receivable. ## **Investment Gains and Losses** This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. This page does not form part of the statutory financial statements 11 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## **Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## **Governance Costs** Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. ## **Grants with Performance Conditions** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## **Grants Payable without Performance Conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## **Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## **Pensions** Pension contributions are charged to the Statement of Financial Activities as they become payable. ## **Fund Accounting** Funds held by the charity are either: - ・ **Unrestricted funds** - These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees. - ・ **Restricted funds** - These are funds that can only be used for particular restricted purposes within the objects of the charity. - ・ **Designated funds** - These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Fixed Assets** Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **Depreciation Expense** Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Furniture & Fittings 25% Equipment 25% There has been no change to the accounting polices (Variation rules and methods of accounting) since last year. This page does not form part of the statutory financial statements 12 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **2. TANGIBLE FIXED ASSETS** |Additions
At 31 December 2024
**Net Book Value**
At 31 December 2024
At 31 December 2023
At 31 December 2024
**Accumulated Depreciation**
At 1 January 2024
Charge for the Year
**Cost**
At 1 January 2024|Equipment
Furniture &
Fittings
**2024**
£
£
£
16,337
7,986
24,323
-
-
-| |---|---| ||16,337
7,986
24,323| ||5,019
2,720
7,739
2,830
1,316
4,146| ||7,848
4,037
11,885| ||| ||8,489
3,949
12,438| ||11,318
5,266
16,584| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2024 : None 31st December 2023 : None This page does not form part of the statutory financial statements 13 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **3. INCOMING RESOURCES** |Note
**c) Activities for Generating Funds**
Merchandise
Venue Hire
Bridge the Gap Income
Coffee Shop-River Coffee
Occasional Offices
Grants
**b) Investment Income**
Interest Received
Suffolk Community Foundation Fund (RF)
Love Christmas Fund (RF)
Pastoral Fund (DF)
Focus Income
Hospitality
Other Income
River Store
**a) Donations & Legacies**
Donations:Giving
Gift Aid
Trustees Discretionary Fund (DF)
Other Income/reimburse expenses|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
87,634
-
-
87,634
54,638
12,887
-
-
12,887
6,421
-
-
-
-
350
173,387
60,025
5,390
238,802
226,366
1,805
-
-
1,805
-
-
8,050
-
8,050
-
-
4,465
-
4,465
10,126
-
-
2,024
2,024
895| |---|---| ||**275,713**
**72,540**
**7,414**
**355,667**
**298,796**| ||1,303
-
-
1,303
585| ||**1,303**
**-**
**-**
**1,303**
**585**| ||344
-
-
344
883
8,195
-
-
8,195
12,257
2,103
-
-
2,103
7,179
-
-
-
-
6,682
3,308
-
-
3,308
1,600
2,502
-
-
2,502
-
-
-
-
-
913
531
-
-
531
-
8,686
-
-
8,686
476| ||**25,668**
**-**
**-**
**25,668**
**29,991**| This page does not form part of the statutory financial statements 14 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **4. RESOURCES EXPENDED** |Note
**EXPENDITURE (CONTINUED)**
Staff Costs:-
Salaries
PAYE
Pension Contributions
Direct costs:-
Depreciation expense
Tudwick Foundation Fund
**Governance costs:-**
Trustee Discretionary Fund
Inviting Ipwich
Pastoral Fund
A Williams Charity
Maurken Fund-Bridge the Gap
Suffolk Community Foundation Fund
River Coffee
Premises:Equipment
Grants for Mission
Grants for social transformation
Love Christmas Fund
Premises:CCT Rent
Premises:Maintenance
Premises:Utilities
Staffing:Expenses
Admin:Stationery, Consumables &
Communication-Branding & Website
Finance: Book keeping/Payroll fees
Finance: Bank charges
Ministry
Premises:Broadband & Phone
**Charitable Activities:-**
Admin:Insurance
Admin:Licences & Subscriptions
Admin:Office Equipment
Independent Examiner Fee
Legal & Professional fees
b) Cost of Generating Funds
Fundraising|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
3,780
-
-
3,780
3,791
3,231
-
-
3,231
2,592
475
-
-
475
4,554
490
-
-
490
181
3,238
-
-
3,238
2,058
640
-
-
640
1,250
566
-
-
566
388
48,171
-
-
48,171
19,751
541
-
-
541
818
6,296
-
-
6,296
9,500
5,486
-
-
5,486
2,028
17,598
-
-
17,598
25,114
6,926
-
-
6,926
6,225
3,189
-
-
3,189
11,600
2,901
-
-
2,901
1,373
-
16,250
-
16,250
4,382
-
106,386
-
106,386
18,277
-
4,470
-
4,470
13,859
-
-
-
-
603
-
-
2,567
2,567
1,213
-
-
650
650
3,170
-
2,000
-
2,000
-
-
1,000
-
1,000
-
-
8,050
-
8,050
-
-
-
3,000
3,000
-
153,204
-
-
153,204
159,309
13,547
-
-
13,547
13,779
7,144
-
-
7,144
7,442
4,186
-
-
4,186
2,094
852
-
-
852
30
605
-
-
605
-| |---|---| ||**283,068**
**138,155**
**6,217**
**427,440**
**315,382**| ||20,772
-
-
20,772
-| ||**20,772**
**-**
**-**
**20,772**
**-**| This page does not form part of the statutory financial statements 15 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |**PREVIOUS FINANCIAL YEAR**
Grant - Resurgo Spear Programme
Grant - NCLF Social supermarket
Grant - For Alpha (Restricted)
Grant - The Elizabeth Walter Charity
Grant - B&Q Foundation (Restricted)
Grant - Rank Foundation Pebble Grant
Grant - LD Rope Third Charitable
Grant - Rank Foundation Pebble Grant
Grant - LD Rope Third Charitable
Hobson Grant Charity (changed to
Grant - St Lawrence Parish Hall Trust
Love Christmas Fund (Restricted)
Grant - Beatrice Laing Trust
Grant - Suffolk Police & Crime
Grant - Community Organisation Cost of
A Williams Charity
Grant - Million Hours Fund
Maurken Fund
Grant - Resurgo Spear Programme
Grant - NCLF Social supermarket
Grant - Mr Willats Charity (Restricted)
Grant - Mr Willats Charity (Restricted)
Grant - Community Organisation Cost of
A Williams Charity
Grant - Million Hours Fund
Maurken Fund
Suffolk Community Foundation
Grant - St Lawrence Parish Hall Trust
Love Christmas Fund (Restricted)
Grant - Beatrice Laing Trust
Grant - Suffolk Police & Crime
Grant - The Elizabeth Walter Charity
Grant - B&Q Foundation (Restricted)
Grant - For Alpha (Restricted)
Hobson Grant Charity (changed to
unrestricted general funds 2023)|**Balance**
Unrealised
**Balance**
**01-Jan-24**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-24**
£
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
(6,499)
4,465
(4,470)
-
6,504
-
-
-
-
-
-
-
(6,194)
5,000
(4,250)
-
6,194
750
(2)
-
-
-
2
0
1,729
-
(1,729)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(1)
-
-
-
1
0
30,540
-
(30,540)
-
-
-
6,025
-
(6,025)
-
-
-
1,250
15,000
(16,250)
-
-
-
44,520
-
(44,520)
-
-
(0)
-
2,000
(2,000)
-
-
-
-
37,025
(19,322)
-
-
17,703
-
1,000
(1,000)
-
-
-
-
8,050
(8,050)
-
-
-| |---|---| ||71,369
72,540
(138,155)
-
12,700
18,453
**Balance**
Unrealised
**01-Jan-23**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-23**
£
£
£
£
£
£
4,035
-
-
-
(4,035)
-
50
-
(50)
-
-
-
(2,766)
10,126
(13,859)
-
-
(6,499)
2,500
-
-
-
(2,500)
-
64
2,000
(8,258)
-
-
(6,194)
366
-
(368)
-
-
(2)
1,729
-
-
-
-
1,729
(1,160)
1,160
-
-
-
-
-
240
(240)
-
-
-
-
3,500
(3,501)
-
-
(1)
-
35,000
(4,460)
-
-
30,540
-
9,825
(3,800)
-
-
6,025
-
3,750
(2,500)
-
-
1,250
-
53,082
(8,562)
-
-
44,520
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-| ||4,818
118,683
(45,597)
-
(6,535)
71,369| The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above. This page does not form part of the statutory financial statements 16 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **6. DESIGNATED FUNDS** ## **CURRENT FINANCIAL YEAR** |Trustees Discretionary Fund
Reserves (Designated)
Pastoral Fund (Designated)
Inviting Ipswich (Designated)
**Total unrestricted funds**
Total Designated Funds
General Funds|**Balance**
Unrealised
**Balance**
**01-Jan-24**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-24**
£
£
£
£
£
£
(253)
-
(105)
-
359
-
25,000
-
-
-
-
25,000
225
2,024
(544)
-
(1,705)
-
177
2,390
(2,567)
-
-
-| |---|---| ||25,149
7,414
(6,217)
-
(1,346)
25,000
32,823
302,684
(303,840)
-
(11,354)
20,314| ||**57,972**
**310,098**
**(310,056)**
**-**
**(12,700)**
**45,314**| ## **PREVIOUS FINANCIAL YEAR** |Total Designated Funds
General Funds
**Total Unrestricted (Incl. Designated**
**Funds)**
Trustees Discretionary Fund
Reserves (Designated)
Pastoral Fund (Designated)
Inviting Ipswich (Designated)|**Balance**
Unrealised
**01-Jan-23**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-23**
£
£
£
£
£
-
350
(603)
-
-
(253)
25,000
-
-
-
-
25,000
-
895
(3,170)
-
2,500
225
-
1,391
(1,213)
-
-
177
-| |---|---| ||25,000
2,636
(4,987)
-
2,500
25,149
85,534
208,053
(264,799)
-
4,035
32,823| ||**110,534**
**210,689**
**(269,786)**
**-**
**6,535**
**57,972**| 17 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **7. INVESTMENTS** The Charity held no investment assets during this or the previous financial period. ## **8. CASH AT BANK AND IN HAND** |**8. CASH AT BANK AND IN HAND**||||||| |---|---|---|---|---|---|---| ||Unrestricted||Restricted|Designated|**Total**|**Total**| ||Funds||Funds|Funds|**31-Dec-24**|**31-Dec-23**| ||£||£||**£**|**£**| |Lloyds Bank Account|(27,712)||18,453|25,000|15,741|35,468| |Lloyds Bank Savings Account||40,223|-|-|40,223|111,173| |||12,511|18,453|25,000|55,964|146,641| |**9. DEBTORS AND PREPAYMENTS**||||||| ||Unrestricted||Restricted|Designated|**Total**|**Total**| ||Funds||Funds|Funds|**31-Dec-24**|**31-Dec-23**| ||£||£||**£**|**£**| |Sundry accounts receivable||24|-|-|24|1,988| |Prepayment||2,000|-|-|2,000|2,000| |Pensions||122|-|-|122|122| |||**2,146**|**-**|**-**|**2,146**|**4,110**| |**10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN**|||**ONE YEAR**|||| ||Unrestricted||Restricted|Designated|**Total**|**Total**| ||Funds||Funds|Funds|**31-Dec-24**|**31-Dec-23**| ||£||£||**£**|**£**| |Accounts Payable||2,724|-|-|2,724|32,162| |HMRC||-|-|-|-|4,795| |Rent||2,750|-|-|2,750|-| |Independent Examiner's Fee||852|-|-|852|810| |||**6,326**|**-**|**-**|**6,326**|**37,766**| ## **11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** |Loans|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**31-Dec-24**
**31-Dec-23**
£
£
**£**
**£**
455
-
-
455
228| |---|---| ||**455**
**-**
**-**
**455**
**228**| This page does not form part of the statutory financial statements 18 ## **RIVER CHURCH IPSWICH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **12. STAFF COSTS AND NUMBERS** |**TOTAL**
**2024**
**£**
Gross Wages & Salaries
153,204
Employer's National Insurance Costs
13,547
Employer's Pension Contributions
7,144
**173,896**
Average number of employees who were engaged in each of the following activities:
**TOTAL**
**2024**
Charitable Activities
11
**11**|**TOTAL**
**2023**
**£**
159,309
13,779
7,442| |---|---| ||**180,530**| ||**TOTAL**
**2023**
11| ||**11**| The River Church staff team consists of 11 people, comprising 2 full-time clergy, 1 ordinand, and 8 operational and ministry staff. The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2023 - None) ## **13. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2023 - None) ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees' report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. This page does not form part of the statutory financial statements 19