**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**