NEW RIVER BAPTIST CHURCH
Latest income
£116k
Latest spending
£137k
Registered
2015
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity incurred a net expenditure of £40,801 for the year, resulting in a decrease in total funds. However, the trustees report that free reserves of £81,224 remain above the stated policy target of approximately £63,000, and they consider the charity to be in a strong position to continue its activities.
What the accounts disclose
Reserves policy: approximately £63,000 (held: £81k)
“They have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be approximately £63,000.”
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: One trustee (Mr. Plummer) is employed and paid £27,394. Additionally, a related party (Mrs. C. Plummer) received £13,207.
“One trustee is employed under a contract of employment, and was paid £27,394 during the year.” — page 16
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Salary paid to Mrs C. Plummer, related to Trustee/Minister Mr. Plummer.
“During the year 2023, a salary of £13,207 was paid to Mrs C. Plummer who is related to Mr. Plummer. Mr Plummer is a Trustee and Minister for the charity.” — page 19
Per its FY2023 accounts as filed with the Charity Commission.
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Trustees
- DANIEL WATSONchair
- ROBIN ALEXANDER PLUMMER BA HONS MA
- Sarah Hulcoop
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £116k | £137k |
| 31/12/2023 | £99k | £140k |
| 31/12/2022 | £111k | £144k |
| 31/12/2021 | £107k | £124k |
| 31/12/2020 | £101k | £118k |
Common questions
Is NEW RIVER BAPTIST CHURCH financially healthy?
The accounts state that the charity incurred a net expenditure of £40,801 for the year, resulting in a decrease in total funds. However, the trustees report that free reserves of £81,224 remain above the stated policy target of approximately £63,000, and they consider the charity to be in a strong position to continue its activities. Its FY2023 accounts were independently examined.