THE RIVER OF LIFE (DUMFRIES) UNAUDITED FINANCIAL STATEMENTS 30- SEPTEMBER 2023 COMPANY REGISTRATION NUMBER:. SC049246 CARSON & TROTTER CHARTERED ACCOUNTANTS 123 IRISH STREET DUMFRIES DG12PE
ri Page Trustees, report Independent examinerf5 report Statement of financial activities Balance 8heet Notcs to the financial statemen¢$ 7-14
he River of L'f Dumfries Trustees re ear ended 3.oth Se for the tember 2023 The trustees preseni their report th¢ unaud>t¢d financi slat¢rn¢nts for ¢h¢ year ¢nd¢d 30th S¢pt¢mb¢r 2023. Th¢ financial stslements have been prepared in cOrdanc0 with th¢ a¢counting poli¢ic5 Sct out in not¢ l ¢0 tho COUnts and ¢omply with the Charities and Trusice Invesm)eni (Scotland) Act 2005. the Chariiies Accounts (Scotlandl Rcgulations 2006 (a8 arn¢nd¢d) &nd Accounting and ReportinK by Charities.. Stalement of Recomtnended Practice applicable to chaTilies preparing their accounts in accordance with ihe Financial Reporting StandaTd applicable in the Uniied Klngdom and Republic of Iroland (FRS 102). ObJe¢llveJ Ind i¢tlvltleJ The principal activities of The River of Life {Dumfries) in ihc ycw under review werc charitable, in linc with thc charlty's objects, which #re ihe Hdvanctment of reli8ion by the promotion and Prtice of the Christian faith. the advan¢¢ment of¢ducation by thc provision of religiou8 cla&ses, life counsellin8 and financ281 advice, and the prevention or relief of poverty by a range of actions and proj¢¢ts to h¢lp p¢opl¢ in ne¢d. A¢hl¢v•rn•Thts •ttd rfOrMnt• The Charity raises funds in order for it to 4¢hi¢v¢ its objectives. These objectives hav¢ b¢¢n aehi¢v¢d during ihe y¢ar. Vin•nclAI r¢vl• The account5 show a net defLClt for the year of £12.146. Reserves at the year end were £53,173. Thbi 1$ rnade up of £48.173 of unrestricted funds and £5,000 restricted fvndj. R16k mAoaR¢fflent The tru51e¢s have aige$sed the major risks to which iht charity is exposed, in partieulor th08¢ rel4i¢d to th¢ operaiions and financin8 of the charity and are satisfied that Systems are in pla¢e to mitigate these risks. Regerveg The trustee5 airn io have sufficient reserves ¢0 ¢over beiwe¢n three and six months runnlng ¢o$t$ ind io me¢¢ redundancy and winding-up cosls in the event that funding is reduced or ¢coses. Stru¢t¥r¢i KoYern8nce mgn&%ement The charity is h Scottish Charitablc Incorporated Organisation (SCIO) (No. SC0492461. It was rc8iSternd in its eurrertt l¢gal fom on 1st O¢lober 2021. It IS governed by its Constitution. The trustees •r¢ jointly responsible for the runnin8 of th¢ SCIO and managin8 It5 ass¢18. Th¢ trust¢cs mcct re8ularly to review the work of the charity. monitor pro¥ress on Achievement of its objectives and financial perfom?ance And plan ture strategy. P*ge I
The River fLif Trustees re ear ended 30¢h Se ort for tbe tember 2023 - continued RecruitmtDt •nd Appointm¢nt of Tr$¢¢ The trustees are always on the lookout for responsible people who Can help ihc Church g¥row and pr(Trvid¢ J firm foundation for the governance of the charity. D¢ci5ions for recruitmeni lie with the existing trust¢¢s and Suitable people would need to be held in high r¢gard in the Christian community, of iniegrity and treasure the values we hold dear, in aOrdan with our Stst¢m¢nt of Faiih and sound biblical iheology. R¢feren¢¢ •nd 8dmlnlstr•tlve det811s Scottish ¢hariry numb¢r SC049246 Re8i51ered otTice Lovcrs Walk Dumfries DGI ILU Independeni ExAtniners Gillian K Gray BA CA CaTSon & Trotter Chartered Ac¢ountant$ 123 Irish Street Dumfrie5 DGI 2PE Tn¢siees The tru5tee$ who h4ve served the charity during the year And since the y¢ar end were as follows: Mark Smith (Chair) Helen Smith Duke Miller Glen Rogers Rcbe¢ca Robertso Page 2
be River of Life umfrie5 Trustees re eor ended 30th Se for the tember 2023 continued RupDn5iblllties of Ihe trste¢S Tho trustees are responsible for PT¢pJring the Truslees, Report and the firjartcial st&tem¢nts in accordance wilh applicable law ond United Kingdom Accounting Standards (United Kingdom Generally Accepted Aecounting Practice). The law applic&ble to eharities in Scotland requires ihe trust¢cs lo pr¢parc financial stal¢m¢nt$ for euch fin4ll¢ial ye. which giv¢ a tsve and fair view of the state of the affairs of the charity and of the incoming re8ourc¢s and application of resources. including the income #nd expenditure, of the charity for thc year. In preparing the financial slg4t¢m¢nt5. the trustees are required to.. select suitable %counting polici¢s and apply them consisiently,. - observe the methods and principles in the Charilies SOIiP 2019 (FRS 102); make jud8ements and estimates that are rea50n4bl¢ and PTudent- state whether applicable UK accounting standard5 have been followed, 8ubj¢ct to any material departures disclosed and explained in ¢h¢ fiD8fi¢i41 statem¢r]ts- prepare ¢he finan¢i41 statements on the 80in8 concern basi5 unlcss it is inappropriate to PTe5ume that th¢ Charity will continue in op¢ration. The trustees are r¢spon$ibl¢ for keepins proper accounting records which disclosc wiih reasonable accuracy at any tim¢ the financial position of the charity and ¢0 enable them to ensure thai the financial statements comply with Ihe Charitics and Trustee Inve$tmeni {ScoLland) Acl 2005, the Charities Accounts (Sco¢landl Regulations 2006 (as amended) and the provisions of the charity's Constitution. They are also tesponyiblc for safe8uardin8 ihe assets of the charity and hence for takin8 reasonable $t¢p$ fr)r the prevention and detection of fraud and other I8ulAr]tI¢s. The tru$tee8 are responsible for the maintenance and inte8rity of the charity and financial inforn)a¢ion included on the harity's web$it¢. This report Was approved by the truste¢s of the ¢harity on 23rd April 2026 and si8rted on its behalf by.. ffl.L£JL Mark Sml¢b Ch*lr Page 3
Th mfTi Inde ndent ExArniTrer15 Re The Rlver of Life rt to the Trustee5 of umfrl¢$ I report on th¢ a¢¢ounts of the charity for the year ended 30th September 2023 which arr sct out on page5 5 to 14. ReJpettlve mpon$ibllitl¢s of trustees and eJamin¢r The charity's truste¢s, are responsible for the preparation of the accounts in accordance with the tcrm5 of the Charities and Trustee Investment {Scotland) Act 2005 and the Charitie5 Accounts (Scotland} Rc8ulations 2006 {as amended). The trustees consider ihat Ihe audit requiremeni of Regulation 10(1 l{a) to (cl of the Accounts Regulations do¢5 not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to stale whether parti¢ular matters have come to my attention. BAsl$ of the IDdep•ndent ex*mlner'8 9tatement My ¢xaminaiion 18 ¢arrLed Qui in accordance with Regulaiion I l of the Charities Aount8 (Scotland) Regulations 2006 (as amcndedl. An examination in¢lud¢g o r¢vi¢w of th¢ cOUntIng records kept by the charity and a comparison of the accounts presenied with those record5. It a150 inGlud¢5 ¢onsid¢ration of arty unusual it¢ms or disclosures in the
¢¢ount5. hnd 5eek5 explanations from the trustees conceming any such matteTS. 'fhe procedure5 und¢rtak¢n do not
provide all the evidence th would be required in th audic and con5equ¢ntly I do not express an audit opinion on the view given by the accounts. lThd¢p¢nd¢nt ¢¥•mln¢r's s18temtnt In the coursc of my examination, no matter has come to my att¢ntion a. which gives me reOnable cause to b¢li¢ve tha¢ in any malerial re8P¢Ct th¢ r¢quir¢m¢nt5'. to k¢¢p a¢¢ounting records in accordance with Sedion 4411)(a) of th¢ 2005 Art and Regulation 4 of th¢ 2006 Accounts Reyulations. ond to prepare acwunls which accord with the a¢¢oun¢in8 rerdS and ¢omply with Resu14tion 8 of ihe 2006 Accounts Rt8ulaiions' have not been met, or b. to which, in my opinion, attention should be drawn in Order to enable a proper understandin8 of the a¢¢ount5 to be rebed. Mrg GllllaD K Gray BA¢¢ CA CgTSOn & Trotter Chrtertd Aetountnts 123 1rl&h Street Dumfrles DGI 2PE DAte: 23rd Apt412026 Page 4
The River of Life umfries 2023 Total fllnd5 2022 Tothl runds Unrestrlcted R¢stri¢t¢d fvnd$ runds Notes Income eniJowmenl$ fmm: Donations and leg1¢$ Charitable a¢iivities Other trading a¢tivili¢s 112.738 112,738 85,735 5,000 500 226.453 131,180 5,000 226,453 Tot81 ItMe 339,191 5.000 344,191 217,415 Exp¢Trdlture on: Charitabl¢ lIVitieS Other trading activities 117,410 238,927 117,410 113,904 238,927 174,066 Tolal expendllure 356,337 356,337 287,970 Net lJcomel(exp¢ndllur¢) (17,146} s,000 (12.146) (70,555) Net movement In fundi 12 117,146) 5,000 (12,146) 170,555) Re¢oTr¢lllatlon of funds: Tolal funds brought forword 12 65,319 65.319 135.874 TotAI fvnds earrled forwArd 12 48,173 5,000 53,173 65,319 All income and expenditur¢ derived from continuing aclivities. The notes oll pages 7 to 14 form an integral part of tbese financial statement& Pag¢ 5
r of Life Dumfries Balance 5h¢et 2023 2022 Iyotes Flx¢d asse1 Tangible assets 165,205 166.883 CurreTht assets Stocks Cash at bank and in hand 12,000 27.504 12.000 51,368 39,504 63,368 Credltors: lmounts falllng wlthln om y•Ar io (60,141) (32,355) Net ¢urrent (li8JbilitiuV$y¢t$ (20,637) 10.813 Totsl assets less current liabilities 144.568 177.696 Credltors: •thount8 fAllln8 du¢ after more thn one year (91,395) (112.177) Net Issets 53,173 65,319 Th¢ fund$ of th¢ tharlty: Rcs¢ri¢t¢d funds Unrestricted funds 12 12 5,000 48.173 65,J19 Tot1 ehthrlty fund# 53.173 65,319 These accounts were approved by the tru$tec5 on 23rd April 2026, and are signed on their behalf by.. N.L£JL Mark Smith Chir Tbe Do¢es on pages 7 to 14 form an iDtegr41 pgrt of these financiAI statemen Page 6
be River Notes to the financlal statemellls A¢¢ouotlnE poll¢l¢$ Geller*l Informatlon basig of pr¢p•ratloTr The River of Life (Dumfries) IS A Charity, registercd in Scotland. Th¢ address of th¢ r¢8islcrod offi¢¢ along with the nature of the charity's tsperathons ond principle activities are given in the trustees, report. The financial statements are prepared under the hi$tori¢al cost ¢onv¢ntion and in accordance with AOUntIng and Reportin8 by Charities.. Statement of R¢¢omm¢nded Practice applicable to ¢haritie3 preparing their aounts in aetordanee with the Financial Reportin8 Siandard applicable in the United Kingdom and Republic of Ireland Ireland is5ucd in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republie ot Ireland {FRS 102), the Chariti¢s and fru$¢¢¢$ Inve&tmcnt (Sco¢land) A¢¢ 2005, and th¢ Charities AOnts (S¢otland) R¢8ulations 2006 (as amended). The charity meets the definition of a public b•nefit entity under I".RS 102. The financial siatemenis fir¢ presented in 5t¢rling whi¢h is the functional currency of tho charity and &mourhts rounded to the neDres1 £. The Trust¢s ¢onsid¢r that there are no rn4t¢rio1 unc¢rtainties about the Charity$ ability to ¢ontinu¢ 45 4 80ing concern. Hence the financial ststements are prepared on a 80in8 concern basis. The charity has applied Update Bulletin l as published on 2nd February 2016 and does not include a cosh flow
¢¢m¢rtl on the grounds that it 1$ applyin8 FRS102 Section IA.
Fund #ceountln¥ General fjjnds are unTe5trlcted fund5 which are available for use ai the discretion of the trusie¢s in furtherance of the ueneral obj¢ctives of the charity and which have not boen designaled for other purposes. Rcstricted funds arc funds which are to be used in Accordance with 8pe¢ific restrictions imposed by donors or whi¢h have been raised by the charity for particular purposes. 'fhe cost of raising and administcring such fund$ are chY4rged #gain$t the specific fund. The aim and use of coch restricted fund is yet out in thc notes to the rinoncial statements. lTrcome recognltlon All income is included in the Statement of financial Activities when the charity is legally cntitlcd to the income after any perforniance conditions havc bc¢n met. the amount can be Meured reliably and it i5 probable that the in¢om¢ will be Tec¢iv¢d. EXpendItre recognltlfjn All expendilure is a¢wunted for on an a¢¢nlS basis and has been clas5ificd under headings ihat a8gregate all costs related io the category. Liabilities are recognised as soon as therc is a legal or constructive obligation. it is probable that settlernent will be required and the amount of the obligation can be measur¢d reliably. The charity feels that there is only one tIvIty and as such supports $tS have not been separately identified as they have been treatcd as being wholly for the fuifilment of tlLC primary activity. Governance costs include the cost of preparation and examination of the statutory accounts, the cost of trustee5' meetin85 and the cost of any legal advice to trust¢es on governance or constitutional matters. AS with support cost5, the gov¢rnan¢e costs ar¢ treated as bein8 wholly for the primary activity. Page 7
The River of Life Dumfrles Notes to the finaDeial statements Oth - coniinued Tangibl¢ fixed a$y¢ts and d¢pr¢¢iAtio T&n8ible fixed assets Are sthted at ¢ost (or deemed ¢ost) or valuation l¢ss a¢¢umul8t¢d d¢pr¢ciation and accurnulated impaimieni 108sc9. Cost includes costs directly altributable to making the asset capabl¢ of operiting intended. Depreciation is provided at rates cdculat¢d to writ¢ off the 5t less residual value of ¢4ch a5S¢t over it5 expe¢ted useful life, &$ follows.. Land oThJ buildings Fixtures, fittings and equipment Website Not depreciated 25% straight lint IOO/• Straight linc P¢n$loTr$ The pensiort costs charged in the financial ststements represent the contribution payabk by the chvlrity during tho year. The regulHr cost of providing retiiemenl p¢n$ions and r¢lat¢d b¢n¢fits 1$ charged to Ih¢ PTtsfii and los$ a¢¢ounl over the employccs, service lives on the basis of a constanl percentage of earnin8S. Stoek Stocks Are stated ai the lower of cosi and ¢stimat¢d selling price less c4)sts to complete and sell. Cost includ¢5 All costs of purchase, costs of convcrsion and other costs incurred in brin8in8 Stock to ils present locAtion and ondition. Provision is rn4d¢ for damaged, ob501ete and slow-moving stock where appropriate. TAxtlo The ¢harity is not liable to corporation tsx on its primary charitable activities. Incombt from donti0118 and le8atle$ 2023 Unr¢Jlrlct¢d R¢$trl¢ted Tol¥l rundi rund$ 2022 Tot41 fund8 Gifts received 112,738 112,738 85,735 112,738 112,738 85,735 All of th¢ income r¢¢eived from donations and legacies in 2022 was unrestricted. Page 8
The River of Life Dumfries the finan¢iAI ststements continued Income from charltabl¢ activlties 2023 Total ds 2022 Tol81 fundg Unrestrlcted Restricted funds funds Grants received Giants received 5.000 5.000 500 Tot81 Incoming rewurtej from ehiritable ¢livili 5.000 5,000 500 All of the income received from charitable activities in 2022 was unrestricted. Income from other ¢radlnK ¢tlvltl•8 2023 Tot41 fundi 2022 Total fundj Unrestrleted Reslrlcted rund5 funds Cofftt shop sales Grant5 re¢eiv¢d Government ¥rants recciv 226.453 226.453 125.129 3,900 226.453 226,453 131,180 All of the incom¢ received from other tradin8 a¢tiviiie$ in 2022 was unre51ricted. Page 9
Notes to the financial statemeDts or the r ended 3 tb r20 orttinued Expenditure on ¢h4ritble ctivitie 2023 2022 Total funds Unre8trlcted Restrlcted Total fund* fund$ funds Wages and Sa]leS Pastors. f¢¢s and ¢xp¢ns¢5 Employer's Nl contributions Siaff pension costs Renl and rates Insurance Li8hi and heat Rephiri and maintenortc¢ Printing. stationery and adverthsing Advertisin8 and promotion Telephone Comput¢r Costs TTavel and subsi$lence Bank irttcrest and char¥es Evangelism ond special events Volunteer expenscs General expenses Gifts and donalions Depreciation Loan interest 58,180 24.397 2,858 1,332 245 240 2,809 3,045 110 58,180 24.397 2,858 1.3J2 245 240 2.809 3,045 110 46,348 29,374 469 1,097 4.604 1,302 7,103 2,102 270 837 7,349 1,847 528 59 564 1.495 202 1.918 4.960 837 7,349 1,847 S28 59 941 1,575 1,931 1,081 2.794 54 823 2,101 4.303 1.495 202 1.918 4.960 113.286 113,286 108,279 Governance costs Legal and professional fees Endependent Examinerfs Fees 1,720 2.404 1,720 2.404 3,274 2.350 4,124 4,124 5,624 117,410 117,410 113,903 All of th¢ expenditure on charitable activities in 2022 was unrestricted. Page 10
he River of Life umfries Notes to the financial statements 30t . continued AnalyJia of elpenditure on other trading &etivities 2023 Total funds 2022 Total funds Unr¢strtcted R¢$tricted fynd$ funds Cost of ¢off¢¢ shop $to¢k Op¢rting sto¢k Purch&ses- coffee shop Closing 0¢k 12,000 93,500 112,000) 12,000 93.500 (12,000) 86.652 (12,000) 93,500 93.500 74,652 Other coff¢¢ shop Coffee shop- wa8es and salarie$ Coffee shop - staff pension costs Coffee shop . staff trainin8 Coffe¢ 5hop- reni & rates Coffee shop- insurance Coffe¢ 5hop- light 8nd heal Coffee shop- r¢pair5 and maintenance Coffce 5hop- Printing, $tation¢ry and advertisin Coffee $hop- advertising and promotlon Coffee 5hop- t¢l¢phon¢ Coffee shop- computer costs Coffee shop- travel and subsistence Coffee shop- bank charges Coffee shop- volurtteer expenses Coffee shop- Beneral expenses 117,300 117,300 90,930 30 38 7,827 2,953 9,260 4,569 38 7.827 2,953 9,260 4.569 311 223 406 120 29 1,504 77 810 1,420 1,057 2.916 223 406 120 29 1,504 77 810 1,158 712 145,427 145,427 99,414 Total coffee shop expen8es 238.927 238,927 174,066 All of the expenditure on other trading activitlC5 in 2022 w#s unrestricted. Pagell
mfri Noles to the financial statements 30t te - Continued Staff eosts Number of employees The averdge monthly numbers of employees durih¥ the year were.. 2023 Number 2022 Number chUh Coff¢e shop 15 13 19 Employment ¢oJts 202J 21122 Wages and salaries Social security cosly Pension costs 175,480 2.858 1.332 137,278 469 1.147 179,670 138,894 Ther¢ wore no employe¢s who re¢¢ived total employee benefits (excluding employer pension ¢os¢s) of more than £60.000. The Pastor and his wife, both trustees, received fees and expenses totallin8 £24,397 for the year (2022.. £29,374), this amount is nol included within wages and 58lari¢3. No othor ¢ru8l¢¢s re¢¢iv¢d r¢munoration for ih¢ir 5¢rvi¢e$, or were reimbursed for expenges during the year. PensloTr eogts The charity opeTates a defined contribution pension scheme in respect of the employees. The scheme and i &55ets are held by independent manasers. The pension charge represents contrlbutions due from the eharity and amounted to £1,33212022 - £1,147). Page 12
The River of Life Dllmfries N tes to the financial emen . continued Land #nd bulldlng$ nttlngg freehold equipment Fixtiire5, TAnglble flxed Assets Total Cost Ai Isi October 2022 Additions 166,238 7,203 240 173,441 240 At 30th September 2023 166,238 7,443 173.681 Dtpreciwtion At 1st Oc¢ober 2022 Chjrge for the year 1.200 300 5,358 1,618 6,558 1,918 At 30th Septcmber 2023 1.500 6,976 8,476 Net book values At 30ih September 2023 At 30ih Soptember 2022 164,738 467 165,205 165,038 1.843 166,883 io. Credltorg.. amounts fAIIIrt8 due ithin one ye#r Trade creditors Other toxe$ and wcial security costs Other ereditor$ Accrnals Bank of S¢otland Bounce Back Loan Gothen Trust Loan 2023 2022 14,083 13,221 2,051 2,640 7,000 13,555 19,885 923 2,640 7,000 13,982 60.141 52.555 Creditory: •moynts falling due
fter more Ihgn on¢ year
2023 2022 Bank of Scotland Bounce Back Loan Sp¢ddo¢h Loan Gosh¢n Loan 12,833 10,000 68,562 19,833 10,000 82,544 91,395 112.377 Page 13
f Life umfries Notes to the finAn¢ial statements continued Sttem¢nt of funds B#lnct at Expenditure 30th September 2023 1st (ktober 2022 lrttome Restrtcted fvnd$: Hubbub Foundation 5,000 5,000 5.000 5,000 Unreytricted funds: Unrestricied general funds 65.319 339,191 (356.337) 48,173 65,319 339.191 (356.337) 48,173 To¢•1 65,319 344,191 1356.337) 53,173 The unrestricted 8enerY41 fvnds represent ¢he free fund$ of th¢ ¢harity which ar¢ not d¢$i8noted for partheu10r purp()5e8. In the year 4 £5.000 8rgnt was r¢¢eived from Hubbub Foundation ftsr the use of the food project. 13. AAalyJls of net iM¢t$ In fund$ Tan8lbl¢ fiJ¢d aets Other n¢t •u¢ts Total Restricted funds Unr¢stri¢l¢d fjjnds 5,000 1117,032) 5,000 48,173 165,205 Total funds 165.205 (112,032) 53,173 14. RelAted party transa¢don$ During ihe year. a total of £24,397 was paid to Mark Smith, a trustee. in rttpect of hi5 fee5 as Pastor and Qxpenses for himself and his wife. Helen Smith, also a Irust¢¢ {2022.. £29.374>. DurinB the year a total of £9,876 {2022.. £8,300) was donated to the charity by th¢ tTUStees. Pgge 14