River Church (St Neots) Ltd Report and Accounts Year Ended 31st December 2024
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CONTENTS
| Information | Page 3 |
|---|---|
| Report of the Directors/Trustees | Page 4 |
| Independent Examiners Report | Page 6 |
| Statement of Financial Activities | Page 7 |
| Balance Sheet | Page 8 |
| Cash Flow Statement | Page 10 |
| Notes to the Accounts | Page 11 |
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INFORMATION
Directors/Trustees:
Governing Documents:
Company Registration Number Charity Registration Number Registered Office Independent Examiner Bankers
Trevor Single Rob McFarlane Mark Crawford Colin Makin Gregg Donaldson
Memorandum & Articles of Incorporation dated 7th November 2008
06744133 1127383 33 Staploe, St Neots, PE19 5JA K. Webb 20 Staploe St Neots PE19 5JA NatWest plc
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REPORT OF THE DIRECTORS / TRUSTEES
The trustees are pleased to present their annual directors' report and the financial statements of the charity for the year ending 31 December 2024, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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).
Objects of the Charity
The primary aims of the Trust are to fulfil the role of a Christian church, to promote the Christian faith and to demonstrate God’s love to the local community and throughout the world through education and the relief of suffering and poverty.
Structure, Governance and Management
The organisation is a charitable company limited by guarantee, incorporated on 7th November 2008. The Charity was established under a memorandum of association which established the objects and powers of the charity and it is governed under its articles of association. The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the company.
Review of Activities
During the year ended 31st December 2024 the main ways the Charity sought to achieve its objects were as follows:
-
By conducting weekly public services for Christian worship, teaching and pastoral care open to the whole community.
-
By providing and hosting activities for children and young people through our groups on Friday evenings and Sunday mornings.
-
By producing and making available for free Christian teaching resources. This included video and audio recordings and the distribution of the Bible and Christian books.
-
By supporting people suffering from bereavement or loss through the provision of counselling or support as part of our pastoral care for the community.
-
By supporting Christian missionary work with advice, human resources and financial support.
-
By making Rob McFarlane available to strengthen local churches in the United Kingdom.
-
By hosting a radio show on Sundays on our local community radio station, Black Cat Radio.
-
By promoting positive community relationships and good citizenship through partnership with other local organisations, including partnership with other local churches, local government and community organisations.
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Financial Review The company has now completed its 15th year of trading and irtome for the 12 months of trading amounted to £102.983. {2023 - £96.5091. of which £17,080,12023 - £17,134) relates to tax, recoverable from HM Revenue & Customs in respect of donations received under Gift Aid. Total expenses amounted to £113.876.12023 - £120,610). Reservas Poll¢y The Board of Direotors have establisw a pollcy whebY Iree h81d by the chartty shoukl rrHWrtained at 3 month's expd[L, gJbJt to any need tor abnornRI urBent eXpd[LU Risk SLamant The Dwectors havè rèviewed the risks to whith 8 %na11 charity operating with few employs is exposed. Appropriale ProduS are in place lo i¢kntrfy, monitor and rnview thase risks on a rg3ular basls. Public Banefft Statement In planning the activrtw of the charriy thè Dilor8 have rg3ard to the gUIdar on publ efit issued by the Charity ComTnission in Sept8mb8r 2013. Direetar¥ Responsiblllttas Charity law requiyes us as Diréctors to Prepare finala1 Stat¥r for each accounlirYJ y which give a tru8 and fair view of the state of the charty and of its incOff and expendliu for the Seknt suitable accounlirvJ policEs and appty them consislentty. . Make judgements and &81imatÈs that are reasonabte and prudenl. Statè wh81her the applicabk accountirKJ standards have been followed, subieLt to ary mal8rial departtjrès disclosed and explained the accounts. Prepare the financial State[ntS on a going Conc basis unth it is inapprowiate to pume Ihal the charity will continue in SIn3s. We are r6sponsible for keeping proper accounting ordS which disclose wrth reasonabl8 accuracy at any the financial posftion of Ihe company and enab to ensure that the financial statemEnts comply with the Companw Act 2006, and comply wilh regulations rrAd6 underthe Chariti&5 act. We also have the responsibilty to 8afjuard the a&8ets of th8 ch8ty aTKI to take asonab Steps to prevent fraud or any olher irregularit. The irustees a dso responsible for the contwrts of the truste6S TrP¢)rt, and the responsibilty ol tt)e independent examinèr in relalion to the tnJst*s rep¢)rt is limited to ¥AaminirvJ the report and ensuring thaL on Iheface ol th8 f8POrt, therè ar8 no w0nsistCS with thefyJures disclowl in finarKial stateMts. Approval This report was apwoved by th8 Diwtors and sgned on their tthaif by. Rob McFarl Date 5of14
CHARIIY (OMMISSION FOR ENGLAND AND WALES Independent examlnerfs report on the accounts Section A Independent Examiner's Report Roptyrt tts the tyustee8 RIVER CHURCH 1ST NEOTSI LTD On •G¢ourrt8 forth8 y••r 31 DECEMBER 2024 Charity no lil any) 1127383 S¢t on pages 7014 I report lo ts trustees on my exarnin81ion oftha accounts of atrThe harily I'th8 Tru8t'l for ts yèarended 3111212024 R•5pon¥Iblliii and b•&15 of f•port As Ihe th8rty8 trustees. you are wnsie forthe preparation olthe account$ In accudance wrth th? wuirérnenlj ofthe Charrties Act 2011 I'the A¢t'i. I report In respect of rny examinatKn of Ihe Trust's atcounls canied Lwt under 8ecaion 145 of the 2011 Act and in carrying out my &xatnin8tion. I have follo%4Èd all IhÈ appliGable Directions gNen by ¢hanty CeKnmissK uTrler 8ecth)n 14515llbl of Ihe Atl Indop•ndent •xamIn08 st•t•ment I he ¢ted my examina1. I cofifinn that M matenal maller5 have lo my attenlion in connection wlh tha examination which Jwo0 me cause lo believe that in. any material respect.. of the Charitias Ad. or the accounts dKJ not 8ccord Mlh the ac¢ounling records., or aGcounls dky not comply wrth the aWitaNe requirements coN%rTMry Ih? form and content of xcounts Set Oth In the ChatrtlO8 IAccount5 ond Reports) Regul8lions 2008 other than any roquirernenl that the accounts give a 'lru8 and fairf %vhich 1$ not a matter C4)nsthred a$ part of 3n indeporknt eXaMinatn I have no concerns and h8ve coma across no other In connedion with the examin8lion lo attention sFk)uld be drawn in this rerth In c¥der to enab a kyoper under51aNJINJ olth• nIS to be reach8d sned. 7 May 2025 Name.. KIM WEB8 Relevant ProfesOnal ' qualificatlonl81 or body Addrosts.. 20 STAPLOE. ST NEOTS. CAMBS, PÉ19 5JA 6of14
STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Funds |
Restricted Funds |
Total Funds |
Prior Year | |
|---|---|---|---|---|
| Income | ||||
| Donations and Legacies | £ 99,565 |
£ 0 |
£ 99,565 |
£ 93,945 |
| Other Trading Activities | £ 1,525 |
£ 1,200 |
£ 2,725 |
£ 2,564 |
| Incoming resources from charitable activities |
£ 0 |
£ 0 |
£ 0 |
£ 982 |
| Other incoming resources | £ 693 |
£ 0 |
£ 693 |
£ 650 |
| Total income | £ 101,783 |
£ 1,200 |
£ 102,983 | £ 98,141 |
| Expenditure | ||||
| Cost of generating funds | £ 0 |
£ 0 |
£ 0 |
£ 1,780 |
| Charitable activities | £ 113,576 |
£ 300 |
£ 113,876 | £ 118,830 |
| Total expenditure | £ 113,576 |
£ 300 |
£ 113,876 | £ 120,610 |
| Net income / (expenditure) before transfer |
£ (11,793) |
£ 900 |
£ (10,893) | £ (22,469) |
| Transfers | ||||
| Gross transfers between funds - in | £ 0 |
|||
| Gross transfers between funds - out | £ 0 |
|||
| Other recognised gains / losses | ||||
| Gains / losses on investment assets | ||||
| Gains on revaluation, fxed assets, charity's own use |
||||
| Net movement in funds | £ (11,793) |
£ 900 |
£ (10,893) | £ (22,469) |
| Reconciliation of funds | ||||
| Total funds brought forward | £ 63,680 |
£ 8,382 |
£ 72,062 |
£ 94,530 |
| Total Funds carried forward | £ 51,888 |
£ 9,282 |
£ 61,170 |
£ 72,062 |
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BALANCE SHEET
| BALANCE SHEET | |||
|---|---|---|---|
| As at 31st December 2024 |
As at 31st December 2023 |
||
| Fixed assets | |||
| Tangible assets | £ 4,103 |
£ 5,180 |
|
| £ 4,103 |
£ 5,180 |
||
| Current assets | |||
| Debtors | £ 2,930 |
£ 2,775 |
|
| Cash at bank and in hand | £ 58,211 |
£ 67,554 |
|
| £ 61,141 |
£ 70,329 |
||
| Liabilities | |||
| Creditors: Amounts falling due in one year | £ 4,073 |
£ 3,447 |
|
| Net current assets less current liabilities | £ 57,067 |
£ 66,882 |
|
| Total assets less current liabilities | £ 61,170 |
£ 72,062 |
|
| Total net assets less liabilities | £ 61,170 |
£ 72,062 |
|
| Represented by | |||
| Unrestricted - General Fund | £ 51,888 |
£ 63,680 |
|
| Restricted - Building Fund | £ 8,044 |
£ 6,844 |
|
| Restricted - Relaunch Fund | £ 0 |
£ 0 |
|
| Restricted - People Needs | £ 1,238 |
£ 1,538 |
|
| Funds of the church | £ 61,170 |
£ 72,062 |
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BALANCE SHEET CONTINUED For yèar d9d 31 D8C8rt)er2V24 the company was entItd to exptIOn from audtt under lion 477 Gompanies Act 2008. No mnb of the cofllpany has deposited a note, pursuant to SeCtn 476. requiring an audit OY the8efinancial tstnts the requtrements of the Cornpanies Act 20(K. The dtOrS acknowl1ge ther Trsponsibilibes forawring that the company ke8ps acc(1 IordS hvhi¢h Comp w¥lh tiOn 386 and 387 of thts Act 8nd for pr8p*irKJ linanGHI statents whi¢h give a r artd true view of the state of affairs of the company as at the end ol th8 financKal iod and of it5 proftt or loss for thèfinanGial year accordance with the requiremems ol tion5 394 and 395 and whth otherwisa compty with the requlreffnts oflhe Compan5 Act 20CE r&ktttl9 to 0th)ts, so far as appIab to Company. Th&88 tin8ncHI Stat¥ts have been ppared in acCOrdae wtth th8 provisions lating small compants wilhin p8rt 15 of thè Gompanies Acl, ar M accordar wrth FRS 102 SORP. Approved by th8 DiY8Ctors arKJ sgned on Ih8ir b8hatt by. 2025 Rob McFa Tntea Trust88 9ot14
CASH FLOW STATEMENT
| 2024 | 2023 | |
|---|---|---|
| Cash fow from operating activities | ||
| Net income/(expenditure) | £ (11,586) |
£ (23,118) |
| Depreciation and loss on sale of assets |
£ 1,349 |
£ 1,313 |
| (Increase)/Decrease in debtors | £ (154) |
£ 361 |
| Increase/(Decrease) in creditors | £ 627 |
£ 2,525 |
| Interest from investments | £ 0 |
£ 0 |
| £ (9,764) |
£ (18,919) |
|
| Cash fow from other sources | ||
| Sale proceeds from fxed assets | £ 0 |
£ 270 |
| Interest from investments | £ 694 |
£ 650 |
| Cash fow from investing activities | ||
| Purchase of fxed assets | £ (272) |
£ (5,660) |
| Net increase/(decrease) in cash | £ (9,343) |
£ (23,659) |
| Cash at bank and in hand at beginning of the year |
£ 67,554 |
£ 91,213 |
| Cash at bank and in hand at end of the year |
£ 58,211 |
£ 67,554 |
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NOTES TO THE ACCOUNTS
(1) Accounting Policies
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The accounts present a true and fair view and no changes have been made to accounting policies adopted in note 1.
Donated and grant income: Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity’s debtors.
Expenditure: Expenditure, including irrecoverable VAT is taken into account when incurred by the Charity, regardless of when payment is made.
Funds: Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.
Fixed assets and depreciation: Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £100 when they are written off on purchase. Depreciation periods on Equipment is between 3 and 5 years.
Taxation: The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts.
- (2) Donations and Legacies
| Unrestricted Funds |
Restricted Funds |
Total 2024 | Total 2023 | |
|---|---|---|---|---|
| General Donations |
£ 82,485 |
£ 0 |
£ 82,485 |
£ 76,811 |
| Tax Recovered | £ 17,080 |
£ 0 |
£ 17,080 |
£ 17,134 |
| TOTAL | £ 99,565 |
£ 0 |
£ 99,565 |
£ 93,945 |
| (3) Cost of Raising Funds | ||||
| Unrestricted Funds |
Restricted Funds |
Total 2024 | Total 2023 | |
| Advertising and Marketing |
£ 0 |
£ 0 |
£ 0 |
£ 1,780 |
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(4) Expenditure on Charitable Activities
Direct Charitable Costs
| Unrestricted Funds |
Restricted Funds |
Total 2024 | Total 2023 | |
|---|---|---|---|---|
| Employment Costs (Note 5) |
£ 56,592 |
£ - |
£ 56,592 |
£ 57,508 |
| Property Costs | £ 20,247 |
£ - |
£ 20,247 |
£ 19,581 |
| Meeting Costs | £ 13,481 |
£ - |
£ 13,481 |
£ 18,477 |
| Conference and Training |
£ 119 |
£ - |
£ 119 |
£ 525 |
| Event Costs | £ 3,268 |
£ - |
£ 3,268 |
£ 3,879 |
| Teaching Materials |
£ 403 |
£ - |
£ 403 |
£ 833 |
| Travel and Subsistence Costs |
£ 2,401 |
£ - |
£ 2,401 |
£ 2,766 |
| Legal and Professional |
£ 618 |
£ - |
£ 618 |
£ 919 |
| Grants and Donations |
£ 10,730 |
£ 300 |
£ 11,030 |
£ 8,947 |
| Finance Costs | £ 411 |
£ - |
£ 411 |
£ 386 |
| Depreciation | £ 1,349 |
£ - |
£ 1,349 |
£ 1,313 |
| TOTAL | £ 109,620 |
£ 300 |
£ 109,920 |
£ 115,134 |
Legal and Professional Fees include Governance Costs of £300 (2023: £300), being the independent examiner’s fees.
Support and Administration
| Unrestricted Funds |
Restricted Funds |
Total 2024 | Total 2023 | |
|---|---|---|---|---|
| Ofce Costs | £ 3,956 |
£ 0 |
£ 3,956 |
£ 3,696 |
| TOTAL | £ 3,956 |
£ 0 |
£ 3,956 |
£ 3,696 |
| Combined Expenditure on Charitable Activities | ||||
| Unrestricted Funds |
Restricted Funds |
Total 2024 | Total 2023 | |
| TOTAL | £ 113,576 |
£ 300 |
£ 113,876 |
£ 118,830 |
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The charity has 1 full time and 3 part time employed staff. No staff received salaries at a rate of more than £60,000 per annum. Rob McFarlane, a trustee received remuneration of £29,824.56. No renumeration was paid to any other trustee during the period. Trustees were reimbursed a total of £1,971.83 in conference, training, travel, subsistence and miscellaneous expenses all of which was directly relevant to their role as leaders or trustees of the church. Pension contributions of £5,349.96 (2023: £5,265) were made on behalf of the trustee, Mr R McFarlane.
(6) Tangible Fixed Assets
| Cost | Equipment | Total |
|---|---|---|
| At 1st January 2024 | £ 24,348 |
£ 24,348 |
| Additions | £ 272 |
£ 272 |
| Disposals | £ 0 |
£ 0 |
| At 31st December 2024 | £ 24,620 |
£ 24,620 |
| Accumulated Depreciation | Equipment | Total |
| At 1st January 2024 | £ 19,168 |
£ 19,168 |
| Charge for the Year | £ 1,349 |
£ 1,349 |
| Adjustment on Disposals | £ 0 |
£ 0 |
| At 31st December 2024 | £ 20,517 |
£ 20,517 |
| Net Book Value | Equipment | Total |
| At 31st December 2024 | £ 4,103 |
£ 4,103 |
| At 31st December 2023 | £ 5,180 |
£ 5,180 |
| (7) Debtors and Prepayments | ||
| 2024 | 2023 | |
| Tax Recoverable | £ 1,373 |
£ 1,154 |
| Bond | £ 1,557 |
£ 1,557 |
| Other Debtors | £ 0 |
£ 64 |
| Total | £ 2,930 |
£ 2,775 |
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(8) Cash at Bank and in Hand
| (8) Cash at Bank and in Hand | ||
|---|---|---|
| 2024 | 2023 | |
| Bank Current Account | £ 58,211 |
£ 67,554 |
| TOTAL | £ 58,211 |
£ 67,554 |
| (9) Creditors - Liabilities Falling Due within One Year | ||
| 2024 | 2023 | |
| Income Tax and National Insurance |
£ 439 |
£ 439 |
| Accruals | £ 3,634 |
£ 3,008 |
| Total | £ 4,073 |
£ 3,447 |
(10) Funds as at 31st December 2024
| General Funds | Designated Funds |
**Restricted Funds ** | Balance at 31st December 2024 |
|---|---|---|---|
| £51,888 | £0 | £9,282 | £61,170 |
(11) Members
Each member commits to contribute, if the charity is wound up, an amount of £1.
(12) Related Party Transactions
Remuneration of £9,983.56 was paid during the year to Mrs G McFarlane, Mr R McFarlane's wife. Pension contributions of £4,498.50 were also paid on behalf of Mrs McFarlane.
Remuneration of £2,754.00 was paid during the year to Mrs L Crawford, Mr M Crawford's wife.
There have been no other related party transactions in the reporting period.
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