RIG NATION
The charity is established to equip beneficiaries to advance in their Christian faith. The charity ran online live webinars, host public gatherings and distribute publications. These are intended to equip beneficiaries in their faith and also for ministry.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £97,186, which the trustees note covers four months of expenditure. The charity reported a net movement in funds of negative £10,409 for the year, resulting in a decrease in total net assets from the previous year. The trustees confirm the charity has adequate resources to continue as a going concern.
What the accounts disclose
“The Trustees have established a prudent reserves policy of between three months and six months expenditure to be covered by free reserves.” — page 5
“During the year ended 31st March 2024, trustee Tomi Arayomi received remuneration of £24,000 (2024: £24,000). In addition, expenses totaling £2,650 were also reimbursed to Tomi Arayomi” — page 17
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Anthony John Shepherd Shepherd
- Dr SHARON LYNN STONE
- Emmanuel Bajomo
- GREGORY BLACK
- Rachael Ruth Samuel
- Sylvester Oluwatomiyosi Arayomi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £290k | £300k |
| 31/03/2024 | £531k | £534k |
| 31/03/2023 | £847k | £1.2m |
| 31/03/2022 | £912k | £634k |
| 31/03/2021 | £410k | £281k |
Common questions
Is RIG NATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £97,186, which the trustees note covers four months of expenditure. The charity reported a net movement in funds of negative £10,409 for the year, resulting in a decrease in total net assets from the previous year. The trustees confirm the charity has adequate resources to continue as a going concern. Its FY2025 accounts were independently examined.