2025-03-31-accounts

Registered Charity Number: 1179377

NENE RIVER CHURCH

FINANCIAL STATEMENTS AND REPORT

FOR FINANCIAL YEAR ENDING

31[st] MARCH 2025

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Table of Contents

Legal & Administrative Information	3
Structure, Governance & Management	4
Public Benefit Statement	4
Potential Conflicts of Interest	5
Financial Review	5
Reserves Policy	5
Achievements and Performance	6
Future Plans	6
Statement of Financial Activities	8
Principal Accounting Policies	10
Notes to the Accounts	12

Page 2 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

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 Daniel Joel Collict* Julia Ann Kirby Matthew Lira[#] Bankers: Charities Aid Foundation (CAF) Bank Ltd 25 Kings Hill Avenue King’s Hill West Malling Kent ME19 4JQ

• Ceased being a trustee on or after the 31[st] of March 2025

Became a trustee after the 31st of March 2025

Page 3 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Structure, Governance & Management

The charity is controlled by its governing Constitution dated 17[th] May 2018 and subsequently amended in 2020, 2021 and 2024. The charity is a Charitable Incorporated Organisation whose only Members are its Trustees. The CIO was formed on 30[th] July 2018.

The Constitution was revised in December 2024 to simplify the third aim of the CIO to include personal counselling as well as education and training.

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, illhealth, disability and/or poor educational or skills attainment;

• the provision of education, training and personal counselling for both individuals and families.

• 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.

The Trustees believe that these objectives and aims were advanced during the year. There were no reportable incidents during this period.

The safeguarding and vulnerable group policy was reviewed and updated in January 2025.

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. The NRC CIO also regularly supports education, training and personal counselling services.

Page 4 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Potential Conflicts of Interest

A potential conflict of interest arises from the (unconnected) Trustees decision to support Mission Aviation Fellowship (MAF Charity Number 1064598) because Rhoderick Dingwall is the NRC CIO Chairman of Trustees and his younger son, Timothy Dingwall, has volunteered to train as an aircraft maintenance engineer with a view to maintaining the light aircraft operated by MAF. This has been resolved by an agreement whereby Rhoderick Dingwall absents himself from any discussions involving MAF and takes no part in any decisions made by the CIO with regards to the partnership with MAF.

A second potential conflict of interest arises from the Trustees decision to support HFF ( Hope For Families ) Charity 1194541 because Mrs T Jane Dingwall, the wife of Rhoderick Dingwall, was appointed as a Trustee for HFF in March 2023. This has also been resolved by an agreement whereby Rhoderick Dingwall absents himself from any discussions involving HFF. Mr & Mrs Dingwall take no part in any decisions involving HFF and have never received any of the personal counselling and education services offered by HFF.

Financial Review

Nene River Church CIO received £22,222 from a small number of individual UK based donors and total income was £23.234 which was just under 9% more than the previous year. Projects were budgeted and a number of one-off disbursements were made during the year.

Operating costs rose by more than 33% year on year to £4,988. This is primarily due to an increase in the hire of the community centre, used for Sunday morning meetings, of approximately 20%.

The church CIO 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 and is staffed entirely by (unremunerated) volunteers. All payments to overseas beneficiaries are made in GBP (British Pounds) to UK based charities or representatives with well-established overseas connections.

Reserves Policy

The CIO maintains a rolling reserve which is calculated each year (£4,000 in 2024-2025). Details of this can be found in the Reserves section under Principal Accounting Policies .

Page 5 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Achievements and Performance

During the period covered by this report, the following activities and actions were undertaken:

• Church services, home visits and groups for friendship and prayer continued throughout the year.

• The Focus Youth Group and the The Chatroom also continued to meet in term time with a Summer Youth Weekend also being held in July 2024.

• The trained nurse that the church supports was able to spend most of the year in India and is part of a small team of (mainly) medical personnel. The charity spent £2000 on subsistence for her and an additional £1000 was sent to her UK based support team.

• The support to the local library continued to be made available to them but due to changes within the structure and process of how payments are made no support was paid for within this period. The construction of a new garden is was started and will be supported by NRC, but these payments did not fall in this financial period.

• The partnership continued with Hope for Families (HFF), a Corby based charity supporting families and delivering courses on subjects such as Anger Management and Internet Safety . This charity visits schools and encourages parents in Northamptonshire and online. Regular support totalling £3000 was provided to them during this financial year.

• The partnership continues with Mission Aviation Fellowship (MAF) to train a young man to become a light aircraft Maintenance Engineer and £3000 was disbursed during the year.

• A number of disbursements totalling £4,500 were made for victims of poverty and hardship during the year: £1,000 was given to an orphanage in Thailand for children with AIDS and other disabilities and £1,500 was given supply and distribute maize flour in Malawi after a failed harvest. £1,000 was disbursed to provide food for Ukrainian people who have been displaced due to the ongoing war. A further £1,000 was given to victims of flooding in Brazil.

• The church continued to support the free Christmas Day breakfast, available to anyone who wished to attend (the College Street Centre in Irthlingborough on Christmas morning) and aimed at providing community for those which may be alone at this time.

Future Plans

Despite progress in several projects, a few continue to have been disrupted. Future plans include the following:

• The project with the local Library is in progress to help establish a garden with a weather proof shelter during the coming year. In addition, there are plans to provide free events for children to attend at the library during the summer.

Page 6 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

• The Trustees will review and revise the Operational Policies of the CIO during the coming year. This will be combined with a transition from paper-based records to a digital system with the aim of simplifying processes and allowing more transparency in how the trustees operate to the larger church.

• It has been the plan for some time that one of the trustees to resign at the end of the financial period covered by this report. Since then, another has resigned and moved out of the area and another has been declared inactive and removed from his position (on the grounds of not attending meetings or being in contact with the church for over 1 year). A new trustee has been elected at the time of writing this report to replace the outgoing trustees.

This report was reviewed by the Trustees of Nene River Church CIO during January 2026 and has been submitted on their behalf by:

Matthew Lira Trustee of Nene River Church (CIO)

Page 7 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Statement of Financial Activities

Description Notes Income Donations Youth Group Receipts Interest Total Income 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 Total Unrestricted Restricted 2025 2025 2025 2024 2024 £ £ £ £ £ 22,212 10 22,222 20,426 20 0 485 485 0 412 527 0 527 541 0
	22,739 495 23,234 20,967 432
	0 0 0 0 0 20,399 589 20,988 30,317 412 0 0 0 20 0
	20,399 589 20,988 30,337 412
	2,340 -94 2,246 -9,350 0 24,092 94 24,186 33,442 94
	26,432 0 26,432 24,092 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 8 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Notes Assets Fixed Assets 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 Value of Equipment 7 Designated 7 Unrestricted 7 Restricted 8 Total Funds	Notes Assets Fixed Assets 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 Value of Equipment 7 Designated 7 Unrestricted 7 Restricted 8 Total Funds	Unrestricted Restricted Total Total 2025 2025 2025 2024 £ £ £ £ 118 0 118 158 0 0 0 0 26,218 0 26,218 23,818 0 0 0 0 241 0 241 290 76 0 76 102
		26,653 0 26,653 24,368
		£ £ £ £ -221 0 -221 -182
		-221 0 -221 -182
		26,432 0 26,432 24,186
		Unrestricted Restricted Total Total 2025 2025 2025 2024 £ £ £ £ 118 0 118 158 8,108 0 8,108 3,532 18,206 0 18,206 20,402 0 0 0 94 26,432 0 26,432 24,186

Page 9 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Principal Accounting Policies

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: The CIO does not pay Council Tax, since it no longer leases premises.

Fixed Assets: The value of equipment is written off over five years using the method known as Straight Line Depreciation .

Funds:

• Value of Equipment is at Cost less Depreciation.

• 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.

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 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 excludes Restricted Funds and was £4,000 as at 31[st] March 2025. These are now shown in the accounts as Designated Funds .

The current reserve policy is to maintain a sufficient cash reserve to cover six months of running costs. Under the operation of the current Rental Agreement, payments of £715 are made quarterly in advance. This means that six months running costs are no more than £1,500 which is completely covered by the Rolling Reserve . The CIO is only required to give two weeks’ notice of the intention to terminate the Rental Agreement.

Page 10 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Risks: The Trustees do not believe the organisation is subject to any substantial risks not disclosed in the Annual Report and Accounts.

The CIO renewed its insurance in September 2024 to protect it against risks arising from the resumption of public events.

Value Added Tax: The CIO is not registered for VAT.

Page 11 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Notes to the Accounts

Note 1 Expenditure – Charitable Activities Rent/Hire Fee Service Charge Bank Charges Food & Drink Youth & Children’s Work Stationery Visitors Expenses Electricity Gas Insurance Miscellaneous Expenses Travel & Subsistence Memberships & Licenses 2 Expenditure – Disbursements Gifts for Education, Training etc. 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 Services 4 Asset Depreciation Equipment Total Expenditure	Unrestricted Restricted Total Total 2025 2025 2025 2024 £ £ £ £ 2,620 0 2,620 1,810 0 0 0 0 61 0 61 62 132 0 132 132 925 589 1,514 1,112 0 0 0 5 113 0 113 20 0 0 0 -10 0 0 0 0 215 0 215 197 197 0 197 286 0 0 0 0 97 0 97 93
	4,359 589 4,948 3,707
	6,000 0 6,000 7,956 0 0 0 482 4,500 0 4,500 6,200 0 0 0 700 3,000 0 3,000 2,700 100 0 100 220 2,400 0 2,400 8,750
	16000 0 16,000 27,008
	0 0 0 20
	40 0 0 14
	20,399 589 20,988 30,749

Page 12 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Note 5 Debtors Pre-Paid Debtors Rental Deposit 6 Creditors Trustees Expenses Due Invoices to be Paid	Unrestricted RestrictedTotal Total 2025 2025 2025 2024 £ £ £ £ 0 0 0 0 0 0 0 0
	0 0 0 0
	Unrestricted RestrictedTotal Total 2025 2025 2025 2024 £ £ £ £ 124 0 124 -182 97 0 97 0
	221 0 221 -182

Note 7 Unrestricted Funds General Fund Reserves Equipment Comparative Unrestricted Funds General Fund Reserves Equipment 8 Restricted Funds Youth & Children’s Work Council Grant Re Youth	Opening Balance Movement In Movement Out Transfer Between Funds 01-Apr-24 £ £ £ £ 20,402 23,234 -20,988 -468 3,532 0 0 468 158 0 -40 0	Closing Balance 31-Mar-25 £ 22,180 4,000 118
	24,092 23,234 -21,028 0	26,298
	Opening Balance Movement In Movement Out Transfer Between Funds 01-Apr-23 £ £ £ £ 30,527 20,837 -30,303 -659 2,873 0 0 659 42 130 -14 0	Closing Balance 31-Mar-24 £ 20,402 3,532 158
	33,442 20,967 -30,317 0	24,092
	Opening Balance Movement In Movement Out Transfer Between Funds 01-Apr-24 £ £ £ £ 0 495 -495 0 94 0 -94 0	Closing Balance 31-Mar-25 £ 0 0
	94 495 -589 0	0

Page 13 of 14

NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2025

Governance – Personnel	2025	2024
Trustees	3	4
Employees	0	0
Volunteers	10	12
Governance – Remuneration & Expenses	£	£
Employment Costs	0	0
Trustees Remuneration	0	0
Trustees Reimbursed Expenses (See Note 9)	2,019	2,526

Note 9

Date Description of Expense for Reimbursement 01-May-24 Padlock for Outside Storage Unit (Wickes) 07-Jun-24 Cash for Youth Float 23-Jun-24 Travelling Expenses for Visiting Speaker 28-Jun-24 Thunder Bowl (Youth Weekend) 11-Jul-24 Tesco Food for Youth Weekend 13-Jul-24 Wicksteed Park Parking Charge (Youth Weekend) 13-Jul-24 Wicksteed Park Entry Fee (Youth Weekend) 13-Jul-24 McDonalds Raunds (Youth Weekend) 14-Jul-24 Thankyou Presents for Volunteers (Youth Weekend) 14-Sep-24 Cash for Youth Float 29-Sep-24 80th Birthday Celebration 29-Sep-24 80th Birthday Celebration 03-Oct-24 80th Birthday Celebration 08-Oct-24 Youth Bible 28-Oct-24 Youth Bible 11-Nov-24 Cash for Youth Float 16-Nov-24 Flowers from NRC - Housewarming for leaving Volunteers 29-Nov-24 Sports Equipment for Focus Group 05-Dec-24 Cash for Youth Float 12-Dec-24 Christmas Day Breakfast Donation 12-Jan-25 Travelling Expenses for Visiting Speaker 04-Feb-25 Cash for Youth Float 04-Feb-25 Farewell Gifts for Leaving Volunteers 09-Feb-25 Travelling Expenses for Visiting Speaker 23-Mar-25 Mothers Day Presents 2025 Total

Amount Trustee £10.00 Rhoderick Dingwall £100.00 Rhoderick Dingwall £20.00 Rhoderick Dingwall £174.00 Rhoderick Dingwall £149.19 Rhoderick Dingwall £15.00 Rhoderick Dingwall £324.00 Rhoderick Dingwall £174.21 Rhoderick Dingwall £28.00 Rhoderick Dingwall £100.00 Rhoderick Dingwall £38.50 Rhoderick Dingwall £22.00 Rhoderick Dingwall~ £39.96 Rhoderick Dingwall~ £5.15 Rhoderick Dingwall £6.20 Rhoderick Dingwall £150.00 Rhoderick Dingwall £10.00 Rhoderick Dingwall £115.00 Rhoderick Dingwall £130.00 Rhoderick Dingwall £100.00 Rhoderick Dingwall £53.00 Rhoderick Dingwall £100.00 Rhoderick Dingwall £30.70 Rhoderick Dingwall £40.00 Rhoderick Dingwall £83.95 Rhoderick Dingwall £2,018.86

• Purchase made by Jane Dingwall, on behalf of Rhoderick Dingwall

~ Purchase made by other members within the church on behalf of Rhoderick Dingwall

Page 14 of 14