2024-03-31-accounts

COMPANY REGISTRATION NUMBER: 00596599 CHARITY REGISTRATION NUMBER: 231370 River Christian Centre Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024

River Christian Centre Limited Company Limited by Guarantee Flnancial Stalements Year ended 31 March 2024 Page Trustees. annual report {incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to Ihe financial statements

River Christian Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Di￿¢t0￿$ Report) Year ended 31 March 2024 The trustees, who are also the directors for Ihe purFM)ses of company law, present their report and the Jnaudiled financial slalements of the charty for the year ended 31 March 2024 _ Rèference and adminlstratlve details Registered charity name Charity registration number Company registration number Prlncipal offico and registered Vincent Street office Canning Town London Rwer Christian Centre Limited 231370 00596599 E16 1LZ The truslees N￿e1 Weekes Sarah Odell Rev David Gill Independenl examiner Daws Bonley Northside House Mount Pleasant Bam8t Herts EN4 9EE StNcturè, govèmancè and management The trustees who served the company during the peri(NJ were as follows.. Nigel Weekes Sarah Odell Rev David Gill Objectives and activities The River Christian Centre Limited is a charitable cownpany limited by guarantee. in(x)rporated orb 6th January 1958 and registered as a chaiity. Obje¢lives lor Ihe public benefil:_ -To provide funding for youth wor1( and to work with homeless individuals. In setting these obj8Ctives the Trustees confimi that ihey have had regard to the guidance contained in the Charity Commission's General Guidance on Public Benefft. Trustees are apw)inted by the existing Trustees. The trustees named on page 1 served throughout the year. The directors of the company are also charity Trustees for the purposes of Charity law.

Strategic r9POrt The following sections for achievements and perfomiance and finanaal review fom the strategic report of the charity. Achlevements and performance The Charity r￿1Ved donations and received income from charitable activities of £302.866 Flnanclal revlew Thè statement of financial activitiès on page 4 shows thè re<ult of thè period. After taking account of expÈnditLJre there was an excess of incoming resources over expended resources of £247,228 The statement of financial position on page 5 shows Ihe finanaal posib.on of the charity as al 31st March 2024. The Iruslees, annual report and the strategic report were apr￿Ved on 28 March 2025 and signed on behalf of the board of trustees by.. Weekes Trustee

River Christian Centre Limited Company Limited by Guarantee Independent Examinerfs Report to the Trustees of River Christian Centre Limited Year ended 31 March 2024 I report to the Iruslees on my examination of the finar￿la1 statements ot River Christian Centre Limited Ilhe charity'l for the year ended 31 March 2024_ Responslbilitiès and basis of report As the trustees of the company land also ils direclors for the purposes of company lawl you are responsible for the preparation of the financial statements In accordance with the requirements of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that Ihe accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charit*s Act 2011 1.the 2011 Act,). In carrying out my examination I have followed the Directions given by Ihe Charity Commission under section 145(5Hb) of the 2011 Act. I￿lePendent examIne￿S statemènt Since the chanty's gross income exceeded £250.0￿ your examiner must be a member of a body listed in section 145 of Ihe 2011 Act. I confirm Ihal l am qualffied to undertake Ihe examination because l am a member of Ihe Institute of Chartered Accountants in England and Wales {ICAEW). which is 01￿ of the listed bodies. I have completed my examination. I confirni Ihat no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept In respect of the charity as required by section 386 of the 20￿ Act: or 2. the financial stslemenls do not accord with those ￿cordS,. or 3. the financial statements do not comply wtth the ￿￿UntI￿vj requirements of section 396 of the 20[￿ AGt other than any requiremenl that the accounts give a 'lrue and fairf view which is not a matter conshjered as part of an independent examinatiors.. or 4. the financial statements have not been prepared in accordan￿ the melhods and principles of the Ststement of Recommended Practice for accounting and re[￿1ng by charities appliCa￿e lo charities preparing their accounts in accordance with the Financial Reporting Standard applicabk in the UK and Republic of Ireland {FRS 102}.

I have no concems and have come across ro other matters in Con￿￿110n with the examinati(￿ to which attention should be drawn in this report in order lo enable a proper understanding of the accounls to be reached. Davis Bonley Independent Examiner Northside House Mount Pleasant Bamei Herts EN4 9EE 28 March 2D25

River Christian Centre Limited Company Limited by Guarantee Statement of Financial Activities (Including Income and expenditure account) Year ended 31 March 2024 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Note Income and endovrnents Donations and legacies Charitable activities 3.T12 258.244 40.850 3,712 258,244 40,850 3,750 9,974 Investment income Total Income 302.866 302,886 13.724 Expendlture Expenditure on raising ftJnds= Costs of raising don2b.ons and legaoes Expenditure on charitable activities 220 220 927 9.10 55.418 55,418 1258,043) Total expenditure 55.638 55.638 1257,116} Net income and nel movement in funds 247,228 247.228 270,840 R¢¢on¢iliation of funds Total funds brought forward 286,519 11,804 298,323 27,483 Total funds carrfed fornard 533.747 11,804 545.551 298,323 The statement of financial activities includes all gains arKI105ses re￿gnISed in the year. All income and expenditure derive from continuing activities.

River Christian Centre Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Nole Flxed assets Tangible fixed assets Investments 12 500,000 51X).000 500,000 5cKJ,001 Current assets Debtors 14 327,154 2,100 70,328 3,177 Cash at bank and in hand 329,254 283,703 73,505 275,183 Credltors: amounts falllng due wlthln one year 15 Net current assets 45,551 { 201.678) Total assets less currenl liabilities 545,551 298.323 Funds ofthe charlty Restricled funds 11,804 533,747 11,804 286,519 Unrestricted funds Total charity funds 16 545,551 298,323 For the year ending 31 March 2024 the charity was entitled to exempb.on from audit under section 477 of the Companies Act 2006 rel81ing to small companies. Directors, responsitrxlities.. - The members have not required the CoM￿Y to obtain an audtt of ils financial statements for the year in question in accordance with section 476 Th8 dir8(knrs acknowledg8 Ih8ir r8sponsibilities for complwng with the requiremenls of the Act with r8SP8Ct to accounting record5 and the preparalK)N of firnancial ststements These financial statements have been prepared In accordancg With the provIs￿nS applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and aut￿riSed for issue on 28 March 2025 and are signed on t*half of the tw)ard by: Weekes Trustee

River Christian Centre Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 1. General infomiation The charity is a public benefit enb'ty and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered offic£ is Vincent Street. Canning Town. London, E16 1LZ. 2. Statement of eompllanc• These financial stslements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of IrekrKI'. the Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicaL4e in the UK and Republic of Irgland IFRS 1021 (Charities SORP {FRS 102)) and the Companies Act 2￿6. 3. Accounting policies Basis of preparation The financial slal8ments hav8 b@en prepared on th8 historirAI cost basis, as modiffed by the revaluation of cerlain financial assets and liabilities and inveslmenl properb.es measured at fair value through Income or expenditure. The financial statements are prepared in sterting, whid) Is the functional CUrre￿Y of the entity. Going concern There are no material uncertainties about the chanvs abilty tr) continue. Disclosure exemptions The chanty has taken advantage of an exemption C0rrfe￿ed by the tharities SORP and ha5 not prepared a cash flow statement. Judgements and key sources of estimation uncertainty In preparing the financial statements certain judgements. estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant.. The annual depreciation charge for property, plant and equipmenl is sensilive lo changes in the estimates for useful economic life and residual value. These est males are rea55ed annually and whn neEe$5ary. adhusled to reflect current CIr￿m$1anCeS. In previous period, tiese accounts included a linked charity. These charalies have been delinked. and the comparatNes presented only indude the figures for this charity- The delinking is being disputed by the trustees. but represents the current legal pOS￿"0n which is rellected in these accounts

Fund accounting Unrestricted funds are available for use at the discretion of the truslees to further any of the charity's purposes. Desigr)aled fLJnds are unreslricled fvnds earmarked by the tnjstees for particular future project or commitment. Resthcted funds are subjected lo restricbons on their expenditure dedared by the donor or through the terms of an appeal. and fall into one of two sub-dasses". restricted income lunds or endowment funds. Incoming resources All incoming resources are inclu¢Jed in the statement of financial activities when entitlement has passed lo the charity- il is probable that the economic benefits associated with the transaction will flow to the charity and the amunl can be reliably measured. The follomng specific poI￿leS are applied to particular categories of income". income from donations or grants is recognised when there is eviden￿ of entrtlement to the gifL receipt is probable and ils amounl can be measured reliably. - legacy inwme is recognised when receipt is probable and enlitlement is estsblished. income from donated goods is measu-ed at the fair vdue of goods unless Ihis is impractical to measure reliably. in which case the value is derived from tTre cost to Ihe donor or the ests'maled resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliably measured. No amounts are included for the contribution of general vdunteers income from contracts for the supply of services is recognised with the delivery of the contracted serviix. This is classffied as unreslricled funds unless Ihere is a conlraclual requiremenl lor it to be spent on a parbcular purpose and returned if UnS￿nI, in which case il may be regarded as restricted. Rosourcos •xpond8d Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is dassified under headings of the statement of financial activities to which it relates.. expenditur8 on raising funds indudes the costs of all fundraising activitl8s, evènts, non-charitable trading activities, and the sale of donated goods. expenditure on tharitatle activilies includes all costs incurred by a charity in undertaking activiiies that further its charitable airns for the benefit of its beneficiaiies. including those support cosls and costs relating lo the governance of the charity apportioned to charitable activities. other expenditure includes all expèndibJre Ihal is neither related to raising funds for the charity nor part of its èxpenditure ori Gharitable aGtivities. All costs are allocated to expenditure categories relecting the use of the resource. Direct costs attribLrtable to a single activity are allocated directly to th21 activity. Shared costs are apportioned between the activities they contribute lo on a reasonable. justifiable and consistent basis. Tangible assets Tangible as$ets are initially rwded at cosL and sUbsequen￿Y stat￿ at cosi less any accumulated depreciation and impairmenl losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulaled depreciation arTrd subsequent accumulated impairment losses. An increase in the carrying amunt of an asset as a result of a revaluation, is recognised in other recognised gains 2nd losses, unless it reverses a charge for impaimienl that has previously been recognised as expenditure within Ihe statement of financial activities. A decrease in Ihe carrying amount of an asset as a resull of rewalualion, is recognised in other recogllised gains and losses, ex￿pt to Nthich it offset5 any previous revaluation gain, in which case the loss is shown within other reccwanised gains and losses on Ihe statement of financial activities.

Depreciation DepreG13t1￿ is calculated so as to write off the or valuation of an asset. less its residual value, over the useful economic life of that asset as follows= Freehold property Fixtures and ffltings Motor vehicles Value In Use Over 5 to 10 Years Siraighl line 250/0 reducing balance Freehold ptopert is not depreGiated In accordan￿ to FRS102. as Ihe increase in value on account of location and the UK propety market. Depreciation will not correclly reflect Ihe carrwng value in use. Investments Unlisted equity investments art initially recorded at cost. 2nd subsequently measured al fair value. If fair value cannot be rèliably measured. assets are measured at cost less impaimient. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Impairnient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value ex.eeds the recoverable amount, the asset is impaired accordingly. Prior impairrnerbts are also reviewed for possible reversal al each retK)rting date. For the purposes of impairment testing, when it is not possible to esb'mate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of Ihe cash-generating unit to which the asset belongs. The cash-generaliw unil is the smallest identifiable group of assets thal ircludes the assel and generates cash inflows that largely independent of the cash inflows ftom other assets or groups of assets. Financial instruments A financial asset or a financial liability is recognised only ￿hen the charity becomes a party to the contractual provisions of the insltument. Basic firbancial in5tturnents are irmtially recognised al the atnount receivable or payable including any relaled transaction costs. CU￿ent assets and current liabililies are subsequenlly measured at Ihe C2sh or othèr consid&ration èxpècted to ￿ paid or rethivèd and not discount8d. Dèbt instrumènts arè subséquently measured at amortised cost. whe￿ inveslrnents in sha￿$ are publidy traded or their fair value can otherwise be measured reliably, Ihe investment Is subsequenlly w*asured al fair value wrth changes in fair value recognised in income and expenditure. All other such investment¢ are subsequently measured at Cost less impairment. Other financial instruments, including dellvatives. are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case Ihe as5el 15 Tneasured al the present value of the future payrTTents discounted at a rnarkel rale of interest lor a similar debt instrument. Other financial instDJments are subsequently measU￿d at fair value. with any changes recognised in the slalemenl of finanoal aclivilies, with the exception of hedging instruments in a designated hedging relab'onship.

Financial assets that are measured al cost or amortised c05t are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective eviden￿ of impaiment. an impairment loss is recognised under the appropriate heading in the staternent of financial activities in which the initial gain was recognised. For all equity instruments regardless of significan￿, and other financial assets that are individually significant. these are assessed individually for impaimienl. Other financial assets are either assessed individually or grouped on the basis of similar credit risk tharacteristics. Any reversals of impaimieil are recognised immediately, lo Ihe extent that the ieversal does not result in a carrying ar￿)unt of the financial asset that exceeds what the carrying amount would have been had the impaitrnelll not previwsly tEen recognised. 4. Limited by guarantee The River Christian Centre Limited is a company I1￿[ted by" guarantee and accordingly does not have a share capital. Every member of the company undertakes lo contribute such amount as may be required not exceeding £10 to the assets of Ihe charitable company in Ihe evnt of its being wound up while he or she is a member. 5. Donations and lega¢ies Unrestricted Total Funds Funds 2024 Unreslricled Funds Tolal Funds 2023 Donations Donation$ 3.772 3,772 3,750 3,750 6. Charitable activiti8s Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Community outreach programs 258,244 258.244 9.974 9.974 7. Investment incom9 Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Other interest receivable 40,850 40.8SO

1. Costs ol raising donations and lggacigs unrestn.cted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Nurserylkidsdubs 220 220 927 927
2. Expenditu￿ on ¢h•ritsble activities by lund type Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Support costs Support costs 52,288 3.130 52.288 3.130 62,257 1320,3001 62,257 (320.300 55,418 55.418 (258.0431 { 258.043
3. Expenditure on charitable activities by activity type Activities undertaken dir8Ctly Support costs Total funds 2024 Totsl fund 2023 Support costs G0Veman￿ cosis 52.288 52.288 3.130 62,257 {320,300 3,130 52.288 3.130 55.418 { 258.043
4. Independent examinatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1.750
5. Tanglble Ilxed assets Fr￿hold property Fixtures and fixings ￿tor vehicles Total Cost At 1 April 2023 and 31 March 2024 500,1)00 1 53.685 27,920 681,605 Dgprgciation At 1 April 2023 and 31 March 2024 153.685 27,920 181,605 Carrying amount At 31 March 2024 S(KJ.(M)O 500,000 At 31 March 2023 500.000 500,000

6. Investments Total Carrying amount At 31 March 2024 At 31 March 2023 All inv8slin8nts shown above ar8 held at valuatim.

7. Dgbtors 2024 2023 Trade debtors 268.850 58.304 12.024 58.304 Amounts owed by group undertakings 327,154 70.328

8. Creditors: amounts falling duewithin one year 2024 2023 Trade credrtors 530 530 Amounts owed to group und8rtakings Social security and other taxes Accruals 31.072 4.200 247,900 40,072 6.680 227,￿0 Loans 283.703 275.183

9. Analysi5 of charitable funds Unrestricted funds At 31 March 2024 Al 1 April 2023 Income Expendtture General funds 286.519 302.866 {55.6381 533.747 At 31 March 2023 At 1 April 2022 Income Expenditure General funds 15.679 13.724 257.116 286.519 Restricted funds At 31 March 2024 Al 1 April 2023 Irtrcome Expenditure Restricted Fund 1- desc in alcs 11.804 11.804 At 31 March 2023 At 1 April 2022 Income Expenditure Restricted Fund 1- desc in alcs 11.804 11.804

10. Analysis of net a￿et$ between funds Uniestricled Total Funds Funds 2024 Tangible fixed assets Current assets 50,000 329,254 1283.7031 50.000 329,254 1283,703) Creditors les5 than 1 year Net assets 95.551 95,551 Unrestricted Funds Total Funds 2023 Tangible fixed assets Current assets 50.000 73,505 1275.1831 50.000 73.505 (275,183) Credrtors less than 1 year Net assèts 1151.6781 {151,678)

This document was delivered using electronic communications and authenticated in accordance with ihe registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of the Companies Act ?006.