**Registered Charity Number: 1179377** ## **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND REPORT** ## **FOR FINANCIAL YEAR ENDING** **31[st] MARCH 2021** **Page 2** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31st March 2021** Registered CIO Number: 1179377 Address: c/o 51 Finedon Road Irthlingborough Wellingborough Northamptonshire NN9 5TY Trustees: Rhoderick David Dingwall David Persaud Robert Alexander Beckley Bankers: Charities Aid Foundation (CAF) Bank Ltd 25 Kings Hill Avenue King’s Hill West Malling Kent ME19 4JQ **Page 3** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2021** |**INDEX**|**Page**| |---|---| |Legal and Administrative Information|2| |Index|3| |Trustees Report|4-7| |Statement of Financial Activities|8| |Statement of Financial Position|9| |Principal Accounting Policies|10| |Notes to the Accounts|11-15| **NENE RIVER CHURCH** **Page 4** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2021** ## **Structure, Governance & Management** The charity is controlled by its governing Constitution dated 17[th] May 2018 and amended on 22[nd] March 2020 and 19[th] March 2021. It is a Charitable Incorporated Organisation whose only Members are its Trustees. The CIO was formed on 30[th] July 2018. ## **Objectives** The Objects of the CIO are for the public benefit and are: - the advancement of the Christian faith and the demonstration of the love of God in such ways as the Charity Trustees may from time to time decide; - the relief of persons who are in need by reason of financial hardship, unemployment, ill-health, disability and/or poor educational or skills attainment; - the advancement of education, in particular (but not limited to), the provision of training and teaching at schools and other places of learning and - the conservation of the natural environment wherever the Trustees see fit. Conservation means providing support for a series of measures required to maintain or restore the natural habitats and the populations of species of wild fauna and flora both within the United Kingdom and elsewhere. **NENE RIVER CHURCH** **Page 5** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2021** The Trustees believe that these objectives were advanced during the year, although (in common with many charities) the activities of the CIO were seriously impacted by the Coronavirus pandemic throughout the year. ## **Public Benefit Statement** All of the church activities are open to any member of the public and none are exclusively for church members. They are all free of charge although a few of the Youth Activities are by **voluntary** subscription. This year the Charity acquired a _Zoom_ licence and most of the activities took place on a virtual basis because of the Covid-19 pandemic. Of particular public benefit are the friendship and youth groups and the initiatives to alleviate poverty and hardship, advance education and support nature conservation at home and overseas. ## **Achievements and Performance** During the period covered by this report, the following activities and actions were undertaken: Church services had to be held on _Zoom_ , due to the pandemic. However, friendship groups continued to meet on Zoom, by telephone and (when permitted) by walking out together. The group for older teenagers called _**The Chatroom**_ met on Thursday evenings on _Zoom_ . **Page 6** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2021** The _**Focus**_ Youth Group had to reduce its events from weekly to monthly and these also took place on _Zoom_ . DBS checks were completed for all the Youth Workers. The CIO arranged for 200 sets of faceshields (PPE) to be delivered to local care-workers (care homes for the elderly). The CIO reduced its reserves by £5,000 to free up resources for pandemic related needs. Gifts totalling £25,616 were made as follows: Gifts totalling £2,500 were made to educate the children of Brick Kiln workers in Pakistan. Gifts of £9,600 were made for nature conservation. £7,200 was given to the local Wildlife Trust and £2,400 to the A Rocha Christian Conservation Project based in the Portuguese Algarve. Gifts totalling £8,032 were made to alleviate poverty and hardship overseas: £2,000 to support the poor in Uganda, £1,500 for those affected by the explosion in Beirut docks on 4[th] August 2020, £1,307 for victims of drought in Southern Malawi, £1,000 for AIDS-affected children in an orphanage in Thailand and £2,225 for ethnic Armenians who have suffered as a result of the war in Nagorno Karabakh in Azerbaijan. Gifts totalling £3,093 were given to promote the Christian faith: £2,400 to send a Nurse to India (unfortunately, her departure was delayed, due to the pandemic) and £693 to buy bibles for church pastors in Malawi. **NENE RIVER CHURCH** **Page 7** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2021** Further gifts were made to show appreciation of the work done by local teachers during the pandemic. Another small gift was made to a married couple where the husband had had an extended stay in hospital during the year. These gifts cost £191. ## **Financial Review** Nene River Church received £23,507 from a small number of individual UK based donors, established budgets and set up both one off and open ended projects. The church has a policy of not having offerings at meetings or events which are open to the general public. It does not trade or raise funds. All payments to overseas beneficiaries are made in pounds sterling to UK based charities or representatives with well-established overseas connections. The church renewed its lease on some rooms in The Old Chapel Business Centre, High Street, Irthlingborough on the same terms as the previous year. Church operating costs were £8,363 leaving a surplus for the year of £15,144. As stated above, £25,616 was disbursed. Since the church did not meet during the period of the pandemic, there were no risks to insure and the decision was made to allow the Liability Insurance to lapse. The Gas boiler in the church building was turned off in August 2020 and so no gas was used from this time onwards. As a result, running costs have been reduced. ## **Reserves Policy** The CIO maintains a reserve of £15,000. This sum will be reviewed in May 2021. **Page 8** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31st March 2021** ## **Future Plans** Despite progress in several projects, the following have been disrupted and delayed by the effects of the Covid-19 pandemic: - The Library project has been suspended whilst Irthlingborough Library has had to close due to the Covid-19 pandemic. - Summer 2020 Youth Group Weekend was cancelled. It is hoped to hold a similar event in July 2021. - Meeting physically for worship and prayer has had to cease due to the restrictions imposed during the pandemic. It is anticipated that public meetings will resume by September 2021 at the latest. - The Nurse that the church was hoping to send to India has not been able to obtain an entry visa. It is hoped that she will be able to travel to Yemen instead. There have been no reportable incidents during the period. This report was approved by the Trustees at the meeting held on 28th May 2021 and signed on their behalf by: Rhoderick Dingwall (Chairman of Trustees, Nene River Church CIO) **Page 9** ## **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31st March 2021** |**Description**
**Notes**
**Income**
Donations
Youth Collection
Investments
**Expenditure**
Raising Funds
Charitable Activities
1,2
Governance
3
**Total Expenditure**
**Net Movement in Funds**
Total Funds Brought Forward
**Total Funds Carried Forward**|**Unrestricted**
**Restricted**
**TotalUnrestricted Restricted**
**2021**
**2021**
**2021**
**2020**
**2020**
**£**
**£**
**£**
**£**
**£**
23,239
225
23,464
23,913
0
0
33
33
0
69
10
0
10
11
0| |---|---| ||**23,249**
**258**
**23,507**
**23,924**
**69**| ||0
0
0
0
0
33,754
225
33,979
21,706
149
0
0
0
55
0| ||**33,754**
**225**
**33,979**
**21,761**
**149**| ||(10,505)
33 (10,472)
2,163
(80)
47,464
94
47,558
45,301
174| ||**36,959**
**127**
**37,086**
**47,464**
**94**| All income and expenditure derive from continuing activities. The statement of financial activities is incorporating the income and expenditure accounts and includes all gains and losses recognised during the year. **Page 10** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **STATEMENT OF FINANCIAL POSITION AS AT 31st March 2021** |**Notes**
**Assets**
Fixed Assets
Debtors
4
CAF Bank Accounts
Cash In Hand
Stewardship Account
Youth Cash Float
**Total Assets**
**Liabilities**
Sundry Creditors
5
**Total Liabilities**
**Net Assets**
**Notes**
**Funds**
Designated
6
Unrestricted
6
Restricted
7
**Total Funds**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2021**
**2021**
**2021**
**2020**
**£**
**£**
**£**
**£**
0
0
0
0
1,500
0
1,500
1,500
35,615
127 35,742
45,648
33
0
33
0
0
0
663
48
0
48
68| |---|---| ||**37,196**
**127 37,323**
**47,879**| ||**£**
**£**
**£**
**£**
(237)
0
(237)
(321)| ||**(237)**
**0**
**(237)**
**(321)**| ||| ||**36,959**
**127 37,086**
**47,558**| ||**Unrestricted**
**Restricted**
**Total**
**Total**
**2020**
**2020**
**2020**
**2019**
**£**
**£**
**£**
**£**
16,500
0 16,500
21,500
20,459
0 20,459
25,964
0
127
127
94| ||**36,959**
**127 37,086**
**47,558**| **Page 11** ## **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDING 31st March 2021** The financial statements have been prepared under the historical cost convention and in accordance with the _**Statement of Recommended Practice**_ (SORP) _**102**_ , _Accounting and Reporting by Charities_ issued in January 2015, applicable UK Accounting Standards and _The Charities Act 2011_ . The principal accounting policies of the charity are set out below: **Control:** The CIO is under the ultimate control of its Trustees whose names appear at the beginning of this report. ## **Funds:** - _Unrestricted Funds_ are general funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. - _Designated Funds_ are funds set aside by the Trustees out of _Unrestricted Funds_ for specific purposes or projects. - _Restricted Funds_ are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for particular purposes. **Fixed Assets:** There are no fixed assets at present. **Incoming Resources:** Income is brought into the accounts on a receivable basis. **Investment Income:** Interest is brought into the accounts on a receivable basis. **Gifts in kind, donated facilities and services including voluntary help:** These are not included in this financial statement, since they are not considered practical to quantify. **Resources Expended:** Expenditure is stated inclusive of VAT and brought into the accounts in the year in which it is due. **Reserves:** The current reserve policy is to maintain a sufficient cash reserve to cover two years of running costs, including a VAT indemnity to cover the recovery of the landlord’s output VAT as part of the Lease Agreement. A designated figure of £15,000 has been reserved in the accounts. **Risk:** The Trustees do not believe the organisation is subject to any substantial risks not disclosed in the Annual Report and Accounts. The organisation will renew its insurance in September 2021 to protect it against risks arising from the resumption of public events. **Page 12** ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**Note**
**1 Expenditure - Charitable Activities**
Rent
Service Charge
Electricity
Gas
Insurance
Professional Services
Miscellaneous Expenses
Postage
Stationery
Bank Charges
Food
Visitors Expenses
Memberships & Licenses
Youth Work
**2 Expenditure – Disbursements**
Gifts for Education
Gifts for Irthlingborough Library
Gifts to Alleviate Poverty & Hardship
Gifts for Persecuted Christians
Gifts to Promote Christianity
Gifts to Demonstrate God’s Love
Gifts for Nature Conservation|**Unrestricted**
**Restricted**
**Total**
**Total**
**2021**
**2021**
**2021**
**2020**
**£**
**£**
**£**
**£**
6,000
0
6,000
6,000
1,200
0
1,200
1,200
310
0
310
229
117
0
117
657
0
0
0
217
0
0
0
232
84
0
84
198
0
0
0
8
145
0
145
0
70
0
70
25
19
0
19
145
0
0
0
70
259
0
259
194
159
0
159
113| |---|---| ||**8,363**
**0**
**8,363**
**9,288**| ||**£**
**£**
**£**
**£**
2,500
0
2,500
111
0
0
0
156
7,807
225
8,032
2,000
2,200
0
2,200
300
3,093
0
3,093
5,000
191
0
191
0
9,600
0
9,600
5,000| ||**25,391**
**225 25,616 12,567**| **Page 13** ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**Note**
**Unrestricted**
**Restricted**
**Total**
**2021**
**2021**
**2021**
**3 Expenditure – Governance**
**£**
**£**
**£**
Professional Fees
0
0
0
Independent Examination
0
0
0
**0**
**0**
**0**
**Total Expenditure**
**33,754**
**225 33,979**
**Governance – Personnel**
**2021**
Trustees
3
Employees
0
Volunteers
15
**Governance – Remuneration & Expenses**
**£**
Employment Costs
0
Trustees Remuneration
0
**8**Trustees Reimbursed Expenses
879
**Unrestricted**
**Restricted**
**Total**
**2021**
**2021**
**2021**
**4 Debtors**
**£**
**£**
**£**
Pre-Paid Debtors
0
0
0
Rental Deposit
1,500
0
1,500
**1,500**
**0**
**1,500**
**5 Creditors**
**£**
**£**
**£**
Licence Fee
(80)
0
(80)
Trustees Expenses Due
(157)
0
(157)
(237)
0
(237)|**Unrestricted**
**Restricted**
**Total**
**2021**
**2021**
**2021**
**£**
**£**
**£**
0
0
0
0
0
0|**Total**
**2020**
**£**
55
0| |---|---|---| ||**0**
**0**
**0**|**55**| |||| ||**33,754**
**225 33,979**|**21,910**| |||**2020**
3
0
15
**£**
0
0
891
**Total**
**2020**
**£**
0
1,500
**1,500**
**£**
(78)
(233)
(321)| ||**1,500**
**0**
**1,500**|| ||**£**
**£**
**£**
(80)
0
(80)
(157)
0
(157)|| ||(237)
0
(237)|| ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** ## **Page 14** |**Note**
**6 Unrestricted Funds**
General Fund
Reserves
Rental Deposit
**Comparative**
**Unrestricted Funds**
General Fund
Reserves
Rental Deposit
**7 Restricted Funds**
Gift for Persecuted Christians
Gifts to Alleviate Hardship
East Northants Council (ENDC)
**Comparative**
**Restricted Funds**
Gift for Education
East Northants Council (ENDC)|**Opening**
**Balance**
**01-Apr-20**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-21**
**£**
**£**
**£**
**£**
**£**
25,964
23,249
(33,754)
5,000
20,459
20,000
0
0
(5,000)
15,000
1,500
0
0
0
1,500| |---|---| ||**47,464**
23,249
(33,754)
**0**
**36,959**| ||**Opening**
**Balance**
**01-Apr-19**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-20**
**£**
**£**
**£**
**£**
**£**
23,301
23,924
(21,761)
500
25,964
20,000
0
0
0
20,000
2,000
0
0
(500)
1,500| ||**45,301**
**23,924(21,761)**
**0**
**47,464**| ||**Opening**
**Balance**
**01-Apr-20**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-21**
**£**
**£**
**£**
**£**
**£**
0
33
0
0
33
0
225
(225)
0
0
94
0
0
0
94| ||**94**
**255**
**(225)**
**0**
**127**| ||**Opening**
**Balance**
**01-Apr-19**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-20**
**£**
**£**
**£**
**£**
**£**
0
69
(69)
0
0
174
0
(80)
0
94| ||**174**
**69**
**(149)**
**0**
**94**| ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** ## **Page 15** ## **Note Detailed List of Trustees Expenses For Reimbursement 2020-2021** |**8**
**Date**
**Description of Expense for Reimbursement**
07-Apr-2020
Youth & Children’s Easter Eggs
16-Jul-2020
Reimbursement of Rob Beckley Certified ID
12-Sep-2020
Purchase of Church Zoom Licence
02-Dec-2020 Gifts to Husband/Wife (Husband hospitalised)
07-Dec-2020 Children’s Christmas Presents
18-Feb-2021
Cash for Youth Cash Float
02-Mar-2021 Gifts for Teachers 1 of 2
03-Mar-2021 Gifts for Teachers 2 of 2
04-Mar-2021 Stationery (Compensation Payment to JAK’s Playgroup)
04-Mar-2021 Stationery (Compensation Payment made twice in error)
10-Mar-2021 Mother’s Day Presents
17-Mar-2021 Mother’s Day Presents (Reimbursement to Beth Hotchin)
**Total**|**Amount Trustee**
£19.27 Rhoderick Dingwall
£12.75 Rhoderick Dingwall
£143.88 Rhoderick Dingwall
£34.39 Rhoderick Dingwall
£39.19 Rhoderick Dingwall
£100.00 Rhoderick Dingwall
£10.99 David Persaud*
£145.74 David Persaud*
£144.68 Rhoderick Dingwall
£144.68 Rhoderick Dingwall
£3.90 Rhoderick Dingwall
£79.61 Rhoderick Dingwall
**£879.08**| |---|---| *Expenses incurred by (and reimbursed to) Hannah Persaud, wife of Trustee David Persaud This page is intentionally left blank