Charity number 1047526
Taunton Round Table Charitable Trust Fund Trustees’ report and financial statements for the year ended 31 March 2025
**Taunton Round Table Charitable Trust Fund**
## **Contents**
||Page|
|---|---|
|Legal and administrative information|1|
|Statement of trustees responsibilities|2|
|Report of the Trustees|3|
|Independent Examiner’s report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the financial statements|9 - 13|
**Taunton Round Table Charitable Trust Fund**
## **Legal and Administrative Information**
## **Legal information**
Taunton Round Table Charitable Trust Fund (“the Charity”) is a registered charity (charity number 1047526). The Charity is governed by the Trust Deed dated 16 June 1995.
In accordance with the Taunton Round Table’s rules all the Trustees retire at the Annual General Meeting and new Trustees will be appointed for the forthcoming year.
## **Objects**
The charitable objects of the Charity are to pay or apply income raised for such charitable purpose or purposes according to the laws of England and Wales in the United Kingdom, and to, or for the benefit, of such, one or more charitable bodies, trusts, associations, institutions or organisations established for charitable purposes as aforesaid, and in such shares and in such manner as the club in ordinary meeting shall in its absolute discretion determine or select.
## **Trustees**
Gareth Buckley (appointed 7 January 2025) Ritchie Cridge (appointed 7 January 2025) Robin Clempson (appointed 7 January 2025) Philip West
## **Principal address**
5 Gloucester Court Gloucester Street Taunton TA1 1TF
## **Independent Examiner**
Jonathan Rata Collar Factory 112 St Agustine Street Taunton TA1 1QN
## **Bankers**
CAF Bank
Page 1
**Taunton Round Table Charitable Trust Fund**
## **Statement of Trustees Responsibilities**
The Trustees are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees of the charity on 30 January 2026 and signed on its behalf by:
......................................... Gareth Buckley Trustee
Page 2
**Taunton Round Table Charitable Trust Fund**
## **Report of the Trustees**
The trustees present herewith their report and the financial statements of the Charity for the year to 31 March 2025.
## **Objectives and activities**
We are a charity supporting individuals and charities in Taunton and surrounding areas through the award of financial grants.
We bring young men aged between 18 and 45 together, to challenge, inspire and learn from each other. We share ideas openly with trust and encourage members to make a positive impact at home, work and in their community.
## _**Aims and objects**_
1. To develop the acquaintance of young men through the medium of their various occupations.
2. To emphasise the fact that one’s calling offers an excellent medium of service to the community.
3. To cultivate the highest ideals in business professional and civic traditions.
4. To Recognise the worthiness of all legitimate occupations and to dignify each his own by precept and example.
5. To Further the establishment of peace and goodwill in international relationships.
6. To Further these objects by meetings, lectures, discussions and other activities.
## _**Public benefit**_
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Achievements and performance**_
We began the year with our first ever Dino Race. This was held at Taunton Racecourse, where we ran a furlong at one of their race days. This was a huge success and raised awareness of our charity as well as donations.
Throughout the year we held a number of fundraising events, raising money to allow us to issue grants to local causes.
One of the largest events that we fundraise for is to purchase tickets and arrange transportation to Longleat for people who call on the needs of other charitable organisations in Taunton and Bridgwater. This year over 500 people were able to attend this day out.
Our flagship fundraising event is our annual Speaker Night. This year we supported Samaritans of Taunton and Somerset and our guest speaker was Warwick Davis, who shared anecdotes from his illustrious acting career. The work the Samaritans do is vital and with the generous donations from 270 guests, we were able to donate £10,578 from funds raised on the night.
Page 3
**Taunton Round Table Charitable Trust Fund**
## **Report of the Trustees**
During the year the Charity raised an amount of £28,732 net of fundraising costs (2024 - £29,315). These funds were utilised to make donations of £18,078 (2024 - £14,390) and to fund £7,705 of projects for our community (2024 - £6,397).
This year a surplus of £2,028 has been made (2024 – a surplus of £8,096), after bank charges and bank interest received.
In planning the donations for the year the trustees gave regard to the Charity Commission’s guidance on public benefit. During the year to 31 March 2025 the donations made by the charity have benefited a wide section of the public by providing organisations with vital funding with which to further their own charitable activities.
## _**Reserves policy**_
The aim of the Charity is to expend funds raised in line with its objects and therefore the level of reserves held should be minimal and dependent on the timing of the charitable expenditure.
Unrestricted reserves carried forward have increased to £29,641 at 31 March 2025, from £27,613 at 31 March 2024.
## **Structure, governance and management**
## _**Nature of governing document**_
Taunton Round Table Charitable Trust Fund is a registered charity operating through a constitution that sets out the management structure of the organisation, the mechanisms of appointment of trustees and their roles and responsibilities.
## _**Recruitment and appointment of Trustees**_
Trustees are elected from the members of Taunton Round Table, which is a social club that supports the Taunton Round Table Charitable Trust Fund. Application for membership to the social club must be supported by an existing member and then approved by way of vote from the members of the club.
Trustees are voted in at our Annual General Meeting, which is normally held in April each year.
## _**Organisational structure**_
The officers of the trust include the following:
- Chair
- Vice Chair
- Treasurer
- Secretary
All trustees give their time freely and no trustee remuneration was paid in the year.
Page 4
**Taunton Round Table Charitable Trust Fund**
## **Report of the Trustees**
## _**Major risks and management of those risks**_
The Trustees have a risk management strategy which comprises:
- An annual review of the principal risks and uncertainties that the charity faces;
- Procedures to mitigate those risks identified in the annual review;
- The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The annual report was approved by the Trustees of the charity on ………………………………. and signed 30 January 2026 on its behalf by:
…………………………………………………..
Gareth Buckley Trustee
…………………………………………………..
Robin Clempson Trustee
Page 5
**Taunton Round Table Charitable Trust Fund**
## **Independent Examiner’s report**
## **Independent examiner’s report to the Trustees of Taunton Round Table Charitable Trust Fund**
I report on the financial statements of the Trust for the year ended 31 March 2025 which are set out on pages 4 to 8.
## **Responsibilities and basis of report**
As the charity’s Trustees of Taunton Round Table Charitable Trust Fund you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Taunton Round Table Charitable Trust Fund’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
The Charity’s trustees consider that an audit is not required for this year the Charities Act 2011 (‘the Act’) and that an independent examination is needed.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Taunton Round Table Charitable Trust Fund as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## OP Rocca
…………………………………………………..
Jonathan Rata Collar Factory 112 St Augustine Street Taunton TA1 1QN
Date: 30 January 2025
Page 6
**Taunton Round Table Charitable Trust Fund**
## **Statement of Financial Activities for the year ended 31 March 2025**
|**Note**
**Income from:**
**Incoming resources from**
**generated funds**
Donations
**5**
Charitable activities
**6**
Investments
**7**
**Total incoming resources**
**Expenditure on:**
**Raising funds**
Fundraising costs:
Speaker evening
**8**
Other events
**Charitable activities**
Donations:
Samaritans Taunton & Somerset
Somerset Counselling Centre
Ups and Downs Southwest
Taunton East Development Trust
Small grants & individuals
Projects funded:
Longleat
Other fundraising costs
**9**
Bank charges
**Total resources expended**
Net movement in unrestricted funds
Net movement in restricted funds
Total funds brought forward
**Total funds carried forward**|**2025**
**Unrestricted**
**£**
**£**
703
52,866
230
**53,799**
23,211
1,856
25,067
10,578
3,000
3,000
-
1,500
18,078
7,705
855
66
**51,771**
2,028
27,613
**29,641**|**2024**
**Unrestricted**
**£**
**£**
887
48,916
217
**50,020**
18,656
2,049
20,705
-
-
-
11,567
2,823
14,390
6,397
432
-
**41,924**
8,096
19,517
**27,613**|
|---|---|---|
||10,578
3,000
3,000
-
1,500|-
-
-
11,567
2,823|
||||
Page 7
## **Taunton Round Table Charitable Trust Fund**
## **(Charity number 1047526)**
||**Balance Sheet**|**Balance Sheet**||||
|---|---|---|---|---|---|
||**As at 31 March 2025**|**As at 31 March 2025**||||
||**Note**|**2025**||**2024**||
||**£**||**£**|**£**|**£**|
|**Current assets**||||||
|Debtors|**10**|713||300||
|Cash at bank|29,250|||27,542||
||29,963|||27,842||
|**Creditors: amounts falling due**|**11**|||||
|**within one year**||322||229||
|**Net assets**|||29,641||27,613|
|Represented by:||||||
|**Funds of the Charity**||||||
|Unrestricted funds|**12**||27,641||27,613|
Approved by the Board of Trustees on ……………………………… and signed on its behalf by: 30 January 2026
…………………………………………………..
Gareth Buckley Trustee
………………………………………………….. Robin Clempson Trustee
Page 8
**Taunton Round Table Charitable Trust Fund**
## **Notes to the financial statements for the year ended 31 March 2025**
## **1. Accounting policies**
## **Accounting convention**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)) and the Charities Act 2011.
Taunton Round Table Charitable Trust Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost.
## **Exemption from preparing a cash flow statement**
As allowed by the Charities SORP (FRS 102) the trustees have opted not to include a statement of cash flows due to the size of the charity.
## **Going concern**
There is no doubt on the charity’s ability to continue and there are no material uncertainties about the charity’s ability to continue. Therefore, these accounts have been prepared on the going concern basis.
## **Incoming resources**
These are recognised on the Statement of Financial Activities (SOFA) when the Charity becomes entitled to the income, the trustees are virtually certain they will receive the income, and the monetary value can be measured with sufficient reliability.
## **Donations and investment income**
Donations and investment income are only included in the SOFA when the Charity has the unconditional entitlement to the resources.
## **Gift aid receivable**
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## **Incoming resources with related expenditure**
Where incoming resources have related expenditure the incoming resources are reported gross in the SOFA.
## **Grants and donations payable**
Grants and donations payable are only recognised in the financial statements when a commitment has been made, and if there are conditions, once the conditions have been met.
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**Taunton Round Table Charitable Trust Fund**
## **Notes to the financial statements for the year ended 31 March 2025**
## **Trade debtors**
Trade debtors are amounts due for services provided in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liability recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.
## **Financial instruments**
## _**Recognition and measurement**_
The charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the charity and their measurement basis are as follows:
Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 6.
Cash at bank – is classified as a basic financial instrument and is measured at face value.
Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 7.
## **2. Trustees expenses**
No trustees received remuneration or expenses during the year (2024 - £nil).
## **3. Accountancy fees**
There have been no audit or accountancy fees during the year (2024 - £nil).
## **4. Related party transactions**
There have been no related party transactions that require disclosure during the year (2024 – £nil).
Page 10
## **Taunton Round Table Charitable Trust Fund**
## **Notes to the financial statements for the year ended 31 March 2025**
## **5. Income from donations**
|**Unrestricted**
**funds**
**2025**
**Total**
**2025**
**£**
**£**
Donations
703
703
Gift aid
-
-
Total income from donations
703
703
one of the above income was attributable to restricted funds (2024: £nil).
**ncome from charitable activities**
**Unrestricted**
**funds**
**2025**
**Total**
**2025**
**£**
**£**
Fundraising events:
Speaker evening (note 8)
37,954
37,954
Golf day
2,460
2,460
Carol float
568
568
Longleat
2,480
2,480
Swimathon
8,534
8,534
Other fundraising events
870
870
Total income from charitable activities
52,866
52,866||**Total**
**2024**
**£**
887
-|
|---|---|---|
|||887|
|||**Total**
**2024**
**£**
34,227
2,810
1,614
1,324
8,941
-|
|||48,916|
None of the above income was attributable to restricted funds (2024: £nil).
## **6. Income from charitable activities**
None of the above income was attributable to restricted funds (2024: £nil).
## **7. Income from investments**
|Bank interest received
Total income from donations|**Unrestricted**
**funds**
**2025**
**£**
230
230|**Total**
**2025**
**£**
230
230|**Total**
**2024**
**£**
217|
|---|---|---|---|
||||217|
None of the above income was attributable to restricted funds (2024: £nil).
Page 11
**Taunton Round Table Charitable Trust Fund**
## **Notes to the financial statements**
## **for the year ended 31 March 2025**
## **8. Speaker evening**
Included within income from charitable activities and within fundraising costs, are funds raised for our annual speaker evening.
|**Income**
Ticket sales
Auction and fundraising on the night
Sponsor donation
**Expenditure**
Venue costs
Speaker costs
Band
Prizes
Other
Net surplus|**Unrestricted**
**funds**
**2025**
**£**
18,090
11,614
8,250
37,954
11,649
9,885
-
34
1,643
23,211
14,743|**2024**
**£**
15,364
12,363
6,500|
|---|---|---|
|||34,227|
|||10,112
6,875
-
1,023
646|
|||18,656|
||||
|||15,571|
None of the above income was attributable to restricted funds (2024: £nil).
## **9. Other fundraising costs**
|Computer software
Website and fundraising platform costs
Print costs
Total debtors
**ebtors**
Trade debtors
Other debtors
Total debtors
**reditors**
Trade creditors
Other creditors
Total creditors|**2025**
**£**
645
210
-
855
**2025**
**£**
200
513
713
**2025**
**£**
322
-
322|**2024**
**£**
300
-
132|
|---|---|---|
|||432|
|||**2024**
**£**
300
-|
|||300|
|||**2024**
**£**
-
229|
|||229|
## **10. Debtors**
## **11. Creditors**
Page 12
## **Taunton Round Table Charitable Trust Fund**
## **Notes to the financial statements for the year ended 31 March 2025**
## **12. Total funds**
|**otal funds**||||
|---|---|---|---|
|Balance at 1 April 2024
Incoming resources
Outgoing resources
Balance as at 31 March 2025|**Unrestricted**
**funds**
**2025**
**£**
27,613
53,799
(51,771)
29,641|**Total**
**2025**
**£**
27,613
53,799
(51,771)
29,641|**Total**
**2024**
**£**
19,517
50,020
(41,924)|
||||27,613|
## **13. Designated funds**
The following amounts are included within unrestricted funds and have been designated to be held for specific purposes:
## _**James Satchell Memorial Fund**_
This is a designated fund for trustees to assign set up in memorial of James Satchell. Funds are to be used to (1) support students at Bridgwater and Taunton College by giving a voucher-based grant under an award known as the James Satchell Memorial Award once per year and (2) discretionary spend supporting young people in Somerset (including the Pride of Somerset Youth Awards).
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