**Registered Charity Number: 1179377** ## **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND REPORT** ## **FOR FINANCIAL YEAR ENDING** **31[st] MARCH 2022** **Page 2** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2022** |**INDEX**|**Page**| |---|---| |Legal and Administrative Information|3| |Trustees Report|4-10| |Statement of Financial Activities|11| |Statement of Financial Position|12| |Principal Accounting Policies|13-14| |Notes to the Accounts|15-19| **Page 3** **NENE RIVER CHURCH** # **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31st March 2022** ## **Legal & Administrative Information** 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 **NENE RIVER CHURCH** **Page 4** **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2022** ## **Structure, Governance & Management** The charity is controlled by its governing Constitution dated 17[th] May 2018 and subsequently amended in 2020 and 2021. The charity is a Charitable Incorporated Organisation whose only Members are its Trustees. The CIO was formed on 30[th] July 2018. During the year the charity amended its Objectives & Aims to add the demonstration of God’s love and the promotion of nature conservation. The Objectives & Aims 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; - 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 2022** The Trustees believe that these objectives and aims were advanced during the year, although (in common with many charities) some of the activities of the CIO continued to be impacted by the Coronavirus pandemic. There were no reportable incidents during the period. ## **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. Of particular public benefit are the friendship and youth groups and the initiatives to alleviate poverty and hardship, advance education and to support nature conservation, both at home and overseas. **Page 6** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2022** ## **Financial Review** Nene River Church CIO received £24,993 from a small number of individual UK based donors, established budgets and continued both one off and open ended projects. Generous donations meant that revenue received by the CIO increased by more than 7 ½% this year. Operating costs also rose by nearly 9% year on year to £9,105 as a result of re-opening the church building to the public in September 2021. This was due to increased energy costs, the renewal of the church insurance policy and the practice of giving travelling expenses to visiting speakers. 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. As stated above, operating costs of £9,105 left a surplus for the year of £15,894 of which £15,536 was disbursed and £358 was retained. ## **Reserves Policy** The CIO maintains a fixed reserve of £10,000 after a review. This is a reduction of £5,000 and reserves will be reviewed again in 2023. There is additional _Rolling Reserve_ not shown in the _Designated Funds_ which is calculated each year (£3,022 in 2021-2022). Refer to the _Reserves_ section under _Principal Accounting Policies_ . **NENE RIVER CHURCH** **Page 7** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2022** ## **Achievements and Performance** During the period covered by this report, the following activities and actions were undertaken: - Church services continued to be held on _Zoom_ , due to the pandemic until September 2021. During this time friendship groups continued to meet on _Zoom_ , by telephone and by walking out together, although church services were held in the garden of a volunteer during August 2021. - The _**Focus**_ Youth Group and the group of older teenagers known as _**The Chatroom**_ also recommenced meeting in September 2021 although the Summer Youth Weekend had to be cancelled. - The nurse that the church was hoping to send to India was unable to travel until February 2022, due to visa restrictions caused by the pandemic. Instead, she spent a few months during the Summer of 2021 in Yemen with a friend, helping local Christians and healthcare workers to set up a medical unit to care for people suffering from Covid-19. - The partnership with the local library was badly affected by the pandemic which meant that the library was closed for more than a year. Two sponsored fun events were held at the library (in December 2021 and February 2022) to encourage families to use its services. Both events were very well received. - A new partnership was initiated with _Hope for Families_ , a Corby based charity supporting families and delivering courses on _Anger Management_ and _Internet Safety_ both online and in person. This charity visits schools and encourages parents in Northamptonshire. **Page 8** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2022** DBS checks were completed for two volunteers working with children and young people. Gifts totalling £15,536 were made as follows: - Gifts of £610 were made in partnership with the local library which included resourcing two events, after the social distancing rules associated with the pandemic were relaxed sufficiently to allow the library to re-open. These events were designed for families to make learning fun and promote library services to the local community. - Gifts of £2,400 were made to _Hope for Families_ - Gifts of £2,450 were made to support a Registered Nurse working at a hospital in Yemen and to promote Christianity. - Gifts of £2,450 were made to support an international nature conservation project in the Portuguese Algarve. - Gifts of £4,600 were made to Christians in Afghanistan who were suffering persecution, poverty and hardship under the Taliban. - Further gifts of £2,933 were made for the alleviation of poverty and hardship locally and overseas. £1,000 was given to flood victims in Malawi and £1,500 to those affected by the Covid-19 pandemic in India. £433 was spent on clothes for a family of six Afghan refugees who were under the care of the local council. - Messages of appreciation, small gifts and flowers were also sent to local families with members who were hospitalised or had serious health issues. These gifts were made to demonstrate God’s love and cost £93. **Page 9** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2022** ## **Future Plans** Despite progress in several projects, several have been delayed by the effects of the Covid-19 pandemic. Future plans include: - The budget for local conservation was not spent during the year (there are separate budgets for local and international conservation). It is anticipated that sponsorship of the local _Wildlife Trust_ will resume next year. - Church activities such as meeting physically for worship and prayer continued to be restricted, due to the ongoing effects of the pandemic during the first half of the year. The Summer 2021 Youth Group Weekend had to be cancelled. It is hoped to hold a similar event in July 2022. - The project with the local library was badly affected by the pandemic which meant that the library had to close for more than a year. It was only possible to sponsor two events during the year and plans for a permanent shelter at the library have been delayed. - The new partnership with the _Hope for Families charity_ is clearly very beneficial to local families but has been funded by the reduction in reserves. This partnership was initially for one year only, but it is hoped to extend this, subject to the availability of finance. - During the final two months of the financial year, the war in Ukraine has meant that many people there have suddenly become refugees and in need. The CIO plans to help as many of these people as it can. - It is planned to appoint a fourth Trustee during the next financial year. **Page 10** **NENE RIVER CHURCH** **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2022** This report was reviewed by the Trustees of Nene River Church during January 2023 and has been signed on their behalf by: Rhoderick Dingwall (Chairman of Trustees, Nene River Church CIO) **NENE RIVER CHURCH** **Page 11** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31st March 2022** |**Description**
**Notes**
**Income**
Donations
Youth Collection
Interest
**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**
**2022**
**2022**
**2022**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**
24,993 0
24,993
23,239
225
0
0
0
0
33
6
0
6
10
0| |---|---| ||**24,999**
**0**
**24,999**
**23,249**
**258**| ||0
0
0
0
0
24,621
0
24,621
33,754
225
20
0
20
0
0| ||**24,641**
**0**
**24,641**
**33,754**
**225**| ||358
0
358
(10,505)
33
36,959
127
37,086
47,464
94| ||**37,317**
**127**
**37,444**
**36,959**
**127**| 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 12** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **STATEMENT OF FINANCIAL POSITION AS AT 31st March 2022** |**Notes**
**Assets**
Equipment
4
Debtors
5
CAF Bank Accounts
Cash In Hand
Stewardship Account
Youth Cash Float
**Total Assets**
**Liabilities**
Sundry Creditors
6
**Total Liabilities**
**Net Assets**
**Notes**
**Funds**
Designated
7
Unrestricted
7
Restricted
8
**Total Funds**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
56
0
56
0
1,500
0
1,500
1,500
36,039
94 36,133
35,742
0
33
33
33
455
0
455
0
68
0
68
48| |---|---| ||**38,118**
**127 38,245**
**37,323**| ||**£**
**£**
**£**
**£**
(801)
0
(801)
(237)| ||**(801)**
**0**
**(801)**
**(237)**| ||| ||**37,317**
**127 37,444**
**37,086**| ||**Unrestricted**
**Restricted**
**Total**
**Total**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
11,500
0 11,500
16,500
25,817
0 25,817
20,459
0
127
127
127| ||**37,317**
**127 37,444**
**37,086**| **Page 13** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDING 31st March 2022** 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. **Council Tax Exemption:** The CIO is exempt from Council Tax, having registered that part of the building it leases as a Place of Worship under the _1855 Places of Worship Act_ . **Fixed Assets:** The value of equipment is written off over five years using the method known as _Straight Line Depreciation_ . ## **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. **Incoming Resources:** Income is brought into the accounts on a receivable basis. **Investment Income:** Interest is brought into the accounts on a receivable basis. **NENE RIVER CHURCH** **Page 14** ## **PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDING 31st March 2022** **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 18 months 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 £10,000 has been reserved in the accounts. The CIO spending rules mean that disbursements can only be made from surplus revenue received during the previous financial year, and that 20% of this surplus must be held for one year as an additional rolling reserve. This meant that there was a rolling reserve of £3,022 during the 2021-2022 year which was held in addition to the fixed £10,000 reserve shown as _Designated Funds._ **Risks:** The Trustees do not believe the organisation is subject to any substantial risks not disclosed in the Annual Report and Accounts. The organisation renewed its insurance in September 2021 to protect it against risks arising from the resumption of public events. **Value Added Tax:** The CIO is not registered for VAT and enjoys a VAT exemption on rent, having issued a Certificate of VAT Disapplication to its Landlord, together with an Indemnity which guarantees the Landlord compensation should he suffer any loss due to the VAT exemption. **Page 15** ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**Note**
**1 Expenditure - Charitable Activities**
Rent
Service Charge
Bank Charges
Food
Stationery
Electricity
Gas
Insurance
Miscellaneous Expenses
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
**3 Expenditure – Governance**
Professional Fees|**Unrestricted**
**Restricted**
**Total**
**2022**
**2022**
**2022**
**£**
**£**
**£**
6,000
0
6,000
1,200
0
1,200
100
0
100
43
0
43
77
0
77
203
0
203
401
0
401
206
0
206
152
0
152
200
0
200
261
0
261
228
0
228|**Total**
**2021**
**£**
6,000
1,200
70
19
145
310
117
0
84
0
259
159| |---|---|---| ||**9,071**
**0**
**9,071**|**8,363**| ||**£**
**£**
**£**
2,400
0
2,400
610
0
0
1,433
0
1,433
6,100
0
6,100
2,450
0
2,450
93
0
93
2,450
0
2,450|**£**
2,500
0
8,032
2,200
3,093
191
9,600| ||**15,536**
**0 15,536**|**25,616**| ||**£**
**£**
**£**
20
0
20|**£**
0| ||**20**
**0**
**20**|**0**| **Page 16** ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**Note**
**Unrestricted**
**Restricted**
**Total**
**2022**
**2022**
**2022**
**4 Asset Depreciation**
**£**
**£**
**£**
14
0
14
**Total Expenditure**
**24,641**
**0 24,641**
**Governance – Personnel**
**2022**
Trustees
3
Employees
0
Volunteers
12
**Governance – Remuneration & Expenses**
**£**
Employment Costs
0
Trustees Remuneration
0
Trustees Reimbursed Expenses (See Note 9)
1,016
**Unrestricted**
**Restricted**
**Total**
**2022**
**2022**
**2022**
**5 Debtors**
**£**
**£**
**£**
Pre-Paid Debtors
0
0
0
Rental Deposit
1,500
0
1,500
**1,500**
**0**
**1,500**
**Unrestricted**
**Restricted**
**Total**
**2022**
**2022**
**2022**
**6 Creditors**
**£**
**£**
**£**
Licence Fee
(83)
0
(83)
Library Sponsored Event
(210)
0
(210)
Trustees Expenses Due
(508)
0
(508)
**(801)**
**0**
**(801) **|**Unrestricted**
**Restricted**
**Total**
**2022**
**2022**
**2022**
**£**
**£**
**£**
14
0
14|**Total**
**2021**
**£**
0| |---|---|---| ||**24,641**
**0 24,641**|**33,979**| |||**2021**
3
0
15
**£**
0
0
879
**Total**
**2021**
**£**
0
1,500
**1,500**
**Total**
**2021**
**£**
(80)
0
(157)
**(237)**| ||**1,500**
**0**
**1,500**|| ||**Unrestricted**
**Restricted**
**Total**
**2022**
**2022**
**2022**
**£**
**£**
**£**
(83)
0
(83)
(210)
0
(210)
(508)
0
(508)|| ||**(801)**
**0**
**(801) **|| ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** ## **Page 17** |**Note**
**7 Unrestricted Funds**
Value of Equipment
General Fund
Reserves
Rental Deposit
**Comparative**
**Unrestricted Funds**
General Fund
Reserves
Rental Deposit|**Opening**
**Balance**
**01-Apr-21**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-22**
**£**
**£**
**£**
**£**
**£**
0
70
(14)
0
56
20,459
24,929
(24,627)
5,000
25,761
15,000
0
0
(5,000)
10,000
1,500
0
0
0
1,500| |---|---| ||**36,959**
24,999
(24,641)
**0**
**37,317**| ||**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**| **Page 18** ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**8 Restricted Funds**
Gift for Persecuted Christians
Gifts to Alleviate Hardship
Council Grant Re Youth
**Comparative**
**Restricted Funds**
Gift for Persecuted Christians
Gifts to Alleviate Hardship
Council Grant Re Youth|**Opening**
**Balance**
**01-Apr-21**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-22**
**£**
**£**
**£**
**£**
**£**
33
0
0
0
33
0
0
0
0
0
94
0
0
0
94| |---|---| ||**127**
**0**
**0**
**0**
**127**| ||**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**
**258**
**(225)**
**0**
**127**| ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** ## **Page 19** ## **Note Detailed List of Trustees Expenses For Reimbursement 2021-2022** |**9**
**Date**
**Description of Expense for Reimbursement**
12-Apr-2021
CCLI Copyright Licence
28-May-2021
Cash for Youth Cash Float
10-Jun-2021
Cash for Library Project
19-Jun-2021
Father’s Day Presents 2021
13-Sep-2021
Renew Church_Zoom_Licence
16-Sep-2021
Easter Egg Presents 2021 (receipts initially mislaid)
16-Sep-2021
Greetings Cards
21-Sep-2021
Gifts of Chocolates & Sweets
22-Sep-2021
Gifts of Chocolates & Flowers
25-Sep-2021
Church Stationery
16-Oct-2021
Church Stationery (Printer Cartridge)
11-Nov-2021
_Robot Wars_Youth Event
08-Dec-2021
Church Tables x 2
11-Dec-2021
Christmas 2021 First Carol Service Food
17-Dec-2021
Christmas 2021 Second Carol Service Food
06-Feb-2022
Communion Expenses
04-Mar-2022
Church Crockery
12-Mar-2022
Mother’s Day Presents
**Total**|**Amount Trustee**
£80.00 Rhoderick Dingwall
£100.00 Rhoderick Dingwall
£150.00 Rhoderick Dingwall
£33.75 Rhoderick Dingwall*
£143.88 Rhoderick Dingwall*
£19.27 Rhoderick Dingwall*
£13.70 Rhoderick Dingwall*
£45.95 Rhoderick Dingwall*
£33.00 Rhoderick Dingwall*
£22.98 Rhoderick Dingwall
£53.78 Rhoderick Dingwall
£108.00 Rhoderick Dingwall*
£69.98 Rhoderick Dingwall*
£7.15 Rhoderick Dingwall*
£9.60 Rhoderick Dingwall*
£6.78 Rhoderick Dingwall*
£40.95 Rhoderick Dingwall~
£77.07 Rhoderick Dingwall*
**£1015.84**| |---|---| * Purchase made by Jane Dingwall, wife of Rhoderick Dingwall ~ Purchase made by Elizabeth Hotchin and reimbursed to her by Rhoderick Dingwall This page is intentionally left blank