Charity registration number 1065961
Company registration number 03392465 (England and Wales)
RIVER OF LIFE CHURCH (WORTHING)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
RIVER OF LIFE CHURCH (WORTHING)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M Langham
R Marshall
W Marshall
P Woodward
(Appointed 12 December 2023)
A Lovejoy Bruce-Kerr
(Appointed 12 December 2023)
Secretary
R Cotterell
Charity number
1065961
Company number
03392465
Principal address
19a Broadwater Road
Worthing
West Sussex
BN14 8AD
Registered office
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Independent examiner
John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers
Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB
National Westminster Bank Plc
Brighton 137 North Street
Western Avenue
Waterside Court
Chatham
Kent
ME4 5RT
RIVER OF LIFE CHURCH (WORTHING)
LEGAL AND ADMINISTRATIVE INFORMATION
RIVER OF LIFE CHURCH (WORTHING)
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Statement of financial position
5
Notes to the financial statements
6 - 17
RIVER OF LIFE CHURCH (WORTHING)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 October 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objects are the advancement of the Christian faith.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Regular activities continued, typically our Sunday morning meeting, which continues to be live streamed; Ark playgroup; Stretch keep fit; Prayer group; monthly coffee morning; weekly home groups. Other occasional events were held e.g. annual Craft Morning and fund raising Quiz Evening. Men's and Ladies groups meet socially from time to time at various locations. A Church Away day was held in July.

 

The first phase of repairing the roof was undertaken, the second due early 2025.

 

An external vision is maintained through the Church support of member's personal involvement with a number of other ministries working both overseas (Amen, Link to Hope) and locally (Acorn Pregnancy Counselling, Turning Tides (homeless project)).

 

Church membership is not formalised. Regular attendees number around 50 plus 12 children.

 

A number of people have become regular attendees with one young lady from Guatemala joining us for an extended time whilst improving her English preparatory to mission work abroad.

 

River of Life Church is affiliated with the Pioneer Network.

Financial review and reserves

The trustees report a deficit on unrestricted funds before transfers for the year of £5,810 (2023: deficit of £5,301). Unrestricted funds at the year end amounted to £74,156 (2023: £80,094).

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s operational expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The level has been maintained during the year.

In keeping with the reserves policy, funds are maintained to meet foreseeable expenditure. It is not the church's general policy to commit to investments other than low risk bank and building society accounts.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

 

 

 

RIVER OF LIFE CHURCH (WORTHING)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

M Langham
R Marshall
W Marshall
P Woodward
(Appointed 12 December 2023)
A Lovejoy Bruce-Kerr
(Appointed 12 December 2023)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

 

The appointment of Trustees is by the majority vote of the existing office holders.

 

Only Trustees with both business and spiritual experience are appointed. Training is not considered necessary.

Statement of trustees' responsibilities

The trustees, who are also the directors of River of Life Church (Worthing) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the 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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- 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 adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

The trustees' report was approved by the Board of Trustees.

M Langham
Trustee
Dated: 7 April 2025
RIVER OF LIFE CHURCH (WORTHING)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF RIVER OF LIFE CHURCH (WORTHING)
- 3 -

I report to the trustees on my examination of the financial statements of River of Life Church (Worthing) (the charity) for the year ended 31 October 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

 

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have 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 financial statements to be reached.

John Caladine FCCA CTA FCIE

Caladine Ltd

Chartered Certified Accountants

Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Dated: 7 April 2025
RIVER OF LIFE CHURCH (WORTHING)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
53,033
19,606
72,639
58,272
15,347
73,619
Charitable activities
3
2,312
-
2,312
2,994
-
2,994
Investments
4
16
317
333
11
-
11
Total income
55,361
19,923
75,284
61,277
15,347
76,624
Expenditure on:
Charitable activities
5
61,171
24,736
85,907
66,578
5,321
71,899
Total expenditure
61,171
24,736
85,907
66,578
5,321
71,899
Net income/(expenditure)
(5,810)
(4,813)
(10,623)
(5,301)
10,026
4,725
Transfers between funds
17
(128)
128
-
(7,696)
7,696
-
Net movement in funds
8
(5,938)
(4,685)
(10,623)
(12,997)
17,722
4,725
Reconciliation of funds:
Fund balances at 1 November 2023
80,094
22,604
102,698
93,091
4,882
97,973
Fund balances at 31 October 2024
74,156
17,919
92,075
80,094
22,604
102,698

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

RIVER OF LIFE CHURCH (WORTHING)
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
12
57,916
60,094
Current assets
Trade and other receivables
13
438
1,613
Investments
14
100
100
Cash at bank and in hand
35,446
43,006
35,984
44,719
Current liabilities
15
(1,825)
(2,115)
Net current assets
34,159
42,604
Total assets less current liabilities
92,075
102,698
The funds of the charity
Restricted income funds
17
17,919
22,604
Unrestricted funds
18
74,156
80,094
92,075
102,698

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2024.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 7 April 2025
M Langham
Trustee
Company registration number 03392465 (England and Wales)
RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
1
Accounting policies
Company information

River of Life Church (Worthing) is a private company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Expenditure is recognised in the period in which they are incurred and allocated to the particular cost centre to which they relate and includes irrecoverable VAT.

RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies (Continued)
- 7 -
1.6
Property, fixtures and equipment

Property, fixtures and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Freehold property
2% on a straight line basis
Fixtures, fittings and equipment
20% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Fixed assets costing below £500 are not capitalised.

1.7
Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies (Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Taxation

In the opinion of the Trustees the Trust is not liable to United Kingdom taxation on it's charitable activities.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13

Current Asset Investment

This is shown at cost as the sum involved is immaterial.

1.14

Limited liability

The company is limited by guarantee and does not have a share capital. The liability of each member is limited to a maximum of £10.

 

 

 

 

 

 

 

 

 

 

 

 

RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 9 -
2
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
53,033
13,506
66,539
58,272
15,347
73,619
Grants
-
6,100
6,100
-
-
-
53,033
19,606
72,639
58,272
15,347
73,619
Donations and gifts
Donations and gifts
44,932
12,028
56,960
49,054
14,988
64,042
Tax refunds
8,101
1,478
9,579
9,218
359
9,577
53,033
13,506
66,539
58,272
15,347
73,619
3
Income from charitable activities
Charitable activities
Charitable activities
2024
2023
£
£
Charitable rental income
2,312
2,994
Analysis by fund
Unrestricted funds
2,312
2,994
4
Income from investments
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Interest receivable
16
317
333
11
-
11
RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 10 -
5
Charitable activities
2024
2023
£
£
Pastor salary and pension
31,123
33,895

Children's and other ministry work

177
169

Worship, licences and equipment

416
388

Events and activities

95
2,216

Conferences and training

24
-

Church publicity

-
61

Catering and refreshments

299
463

Repairs & Maintenance

22,649
-

Miscellaneous

488
300
55,271
37,492
Grant funding of activities (see note 6)
5,081
5,871
Share of support costs (see note 7)
23,702
26,692
Share of governance costs (see note 7)
1,853
1,844
85,907
71,899
Analysis by fund
Unrestricted funds
61,171
66,578
Restricted funds
24,736
5,321
85,907
71,899
RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 11 -
6
Grants payable
Charitable activities
Charitable activities
2024
2023
£
£
Grants to institutions:
Pioneer Trust
900
900
Acorn Pregnancy Centre
547
1,002
Link to Hope
-
420
Project Kyrghzstan
-
600
Syzygy
-
550
Tender Heart
1,519
796
Other
-
543
2,966
4,811
Grants to individuals
2,115
1,060
5,081
5,871
7
Support costs allocated to activities
Charitable activities
Total
2024
2023
£
£
Administrator salary
1,178
1,339
Depreciation
2,178
2,178
Telephone and broadband
640
757
Insurance
2,445
2,348
Repairs and maintenance
3,107
7,488
Utilities
10,048
8,573
Office and IT costs
309
274
Cleaning costs (including salary)
3,561
3,332
Subscriptions
236
403
Governance
1,853
1,844
25,555
28,536
2024
2023
Governance costs comprise:
£
£
Accountancy
1,174
1,200
Independent examination
600
600
Bank charges
79
44
1,853
1,844
RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 12 -
8
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned property, plant and equipment
2,178
2,178
9
Trustees

The fellowship leader Denise Langham (wife of the Trustee Mark Langham) received a gross salary and employer's pension contribution of £31,123 (2023: £33,895) during the year.

It is considered that disclosure of donations by Trustees is confidential and would be detrimental to the work of the Trust if disclosed.

10
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Charitable activities (full and part time)
3
3
Employment costs
2024
2023
£
£
Wages and salaries
37,272
36,082
Other pension costs
906
987
38,178
37,069
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel (including wages, employer's pension contributions and employer's national insurance contributions) is as follows.

2024
2023
£
£
Aggregate compensation
31,123
33,895
11
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 13 -
12
Property, plant and equipment
Freehold property
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 November 2023
103,000
16,784
119,784
At 31 October 2024
103,000
16,784
119,784
Depreciation and impairment
At 1 November 2023
43,260
16,430
59,690
Depreciation charged in the year
2,060
118
2,178
At 31 October 2024
45,320
16,548
61,868
Carrying amount
At 31 October 2024
57,680
236
57,916
At 31 October 2023
59,740
354
60,094
13
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Other receivables
-
1,195
Prepayments and accrued income
438
418
438
1,613
14
Current asset investments
2024
2023
£
£
Listed investments
100
100
15
Current liabilities
2024
2023
£
£
Other payables
145
435
Accruals and deferred income
1,680
1,680
1,825
2,115
RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 14 -
16
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
906
987

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 15 -
17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Movement in funds
Balance at
1 November 2022
Incoming resources
Resources expended
Transfers
Balance at
1 November 2023
Incoming resources
Resources expended
Transfers
Balance at
31 October 2024
£
£
£
£
£
£
£
£
£
Children's Work
1,506
-
-
-
1,506
-
(21)
-
1,485
Roofing fund
2,174
15,041
(4,270)
7,696
20,641
17,857
(22,649)
128
15,977
The Ark
456
1
-
-
457
-
-
-
457
Sundry restricted funds
746
305
(1,051)
-
-
2,066
(2,066)
-
-
4,882
15,347
(5,321)
7,696
22,604
19,923
(24,736)
128
17,919

 

Children's work fund

This fund relates to funds specifically given for children's work.

 

Roofing fund

This fund relates to monies given for roof and building repairs.

 

The Ark

This fund is for the Ark Mum's and Toddlers group.

 

Sundry restricted funds

This fund incorporates various restricted giving for specific projects including Amen.

RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 16 -
18
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 November 2023
Incoming resources
Resources expended
Transfers
At 31 October 2024
£
£
£
£
£
Leadership Discretionary
32
925
(6)
-
951
Stretch
-
1,821
(2,115)
460
166
General funds
80,062
52,615
(59,050)
(588)
73,039
80,094
55,361
(61,171)
(128)
74,156
Previous year:
At 1 November 2022
Incoming resources
Resources expended
Transfers
At 31 October 2023
£
£
£
£
£
Norman Bishop Legacy
8,087
-
(391)
(7,696)
-
Leadership Discretionary
282
250
(500)
-
32
General funds
84,722
61,027
(65,687)
-
80,062
93,091
61,277
66,578
(7,696)
80,094

Norman Bishop Legacy

This fund was set up in 2020 in memory of Norman Bishop to be used at the elders' discretion. The balance of the fund of £7,696 was transferred to the Roofing fund in 2023.

 

Leadership Discretionary

This fund is designated for the church leadership to make gifts to charitable projects or individuals in need.

 

Stretch

This fund is designated for the seated keep fit classes.

 

19
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 October 2024:
Property, plant and equipment
57,916
-
57,916
Current assets/(liabilities)
16,240
17,919
34,159
74,156
17,919
92,075
RIVER OF LIFE CHURCH (WORTHING)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
19
Analysis of net assets between funds (Continued)
- 17 -
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 October 2023:
Property, plant and equipment
60,094
-
60,094
Current assets/(liabilities)
20,000
22,604
42,604
80,094
22,604
102,698
20
Related party transactions

There were no disclosable related party transactions during the year other than those disclosed in Note 9 (2023 - none).

2024-10-312023-11-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2033924652023-11-012024-10-3103392465bus:Director12023-11-012024-10-3103392465bus:Director22023-11-012024-10-3103392465bus:Director32023-11-012024-10-3103392465bus:Director42023-11-012024-10-3103392465bus:Director52023-11-012024-10-3103392465bus:CompanySecretary12023-11-012024-10-31033924652024-10-31033924652023-10-31033924652022-11-012023-10-3103392465bus:FRS1022023-11-012024-10-3103392465char:IndependentExaminationCharity2023-11-012024-10-3103392465bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP