**CHARITY REGISTERED NUMBER : 1097758 COMPANY REGISTERED NUMBER 04645456**
## **RIVERSIDE CHURCH TAUNTON**
## **STATEMENT OF ACCOUNTS**
**FOR THE YEAR ENDED 31ST MARCH 2024**
Tove Accountancy Ltd Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
## **RIVERSIDE CHURCH TAUNTON LEGAL AND ADMINISTRATIVE INFORMATION**
|**Registered Charity No.**|1097758|
|---|---|
|**Registered Company No.**|04645456|
|**Trustees**|Mr Michael Taylor|
||Mrs Gine Glover|
||Mr Nigel Glover|
||Mr John Hilton (Treasurer)|
||Mr Keith Packer (Chair)|
|**Correspondence address**|Riverside Church|
||The Exchange|
||Hamilton Road|
||Taunton|
||Somerset|
||TA1 2EQ|
|**Independent Examiner**|Tove Accountancy Ltd|
||Office 6, Town Hall|
||86 Watling Street East|
||Towcester|
||NN12 6BS|
|**Bankers**|Lloyds Bank|
||31 Fore Street|
||Taunton|
||Somerset, TA1 1HN|
|**Constitution**|The charity converted to a CIO on 16th February 2024|
|**Governing Document**|The charity is controlled by its governing document, memorandum and|
||articles of association dated 23rd January 2003 and as amened by a|
||Special Resolution dated 18th May 2003|
||A board of Trustees administers the charity and meets on a|
||regular basis throughout the year.|
|**Area of Operation**|Somerset and Zambia|
## **Objectives**
The advancement of the Christian faith and the worship of God in the County of Somerset and elsewhere by any means whatsoever. The relief of persons who are in conditions of need, hardship, or distress or who are aged or sick and the advancement of education on the basis of Christian principles.
## **RIVERSIDE CHURCH TAUNTON TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2024**
## **1. Structure, Governance and Management**
(a) Following the approval of the Charity Commission, the charity changed its legal structure from a Company Limited by Guarantee to a Charitable Incorporated Organisation (CIO) on 16 February 2024. At that time, its Governing Document changed from a Memorandum and Articles of Association to a Constitution based on the Association Model for CIOs provided by the Charity Commission.
(b) The charity is managed by a board of Trustees who have remained in post throughout the reporting period. The Trustees are:
Mr Keith Packer (Chairman) Mr John Hilton (Treasurer) Mr Nigel Glover Mrs Gine Glover Mr Michael Taylor
(c) The power of appointing new trustees is vested in the existing trustees who are also the initial members of the CIO. However, the Constitution allows for other members to be admitted to the CIO and, consequently, be involved in the selection of new charity trustees in the future.
## **2. Objectives and Activities**
(d) In preparation for the change of legal structure, and to ensure that the object of the charity is better aligned with the Statement of Faith and Mission Statement of the Church, the object of the charity has been amended, with the approval of the Charity Commission, to:
“The advancement of the Christian faith in accordance with the Statement of Faith ( _at_ Schedule 1 of the Constitution) and the Mission Statement (at Schedule 2 of the Constitution).
## **3. Risk Management**
(e) The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated in the reserves policy, combined with the annual review of the controls over the key financial systems carried out on an annual basis, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **4. Achievements and Performance**
(f) The Trustees met on six occasions during the year and also met with the operational leadership team of the church.
(g) The church has continued to be a member of the Harvest Alliance network of churches. The church has also continued to network with other local churches and organisations.
(h) The Exchange is the main gathering place for Riverside Church activities. The church gathers there regularly, and the building is used for many other activities either by the church for the benefit of the local community or by local clubs and organisations. The number of people participating in the church’s worship services has grown during the period of the report.
(i) The church’s support for, and link with, Zambian churches has continued but no visits were made during the period of the report.
## **RIVERSIDE CHURCH TAUNTON TRUSTEES REPORT CONTINUED**
## **FOR THE YEAR ENDED 31ST MARCH 2024**
## **5. Financial Review**
The charity made a surplus in the year of £15,219 (2023 - surplus £4,234. The charity made an operating surplus in the year (not including the gains/losses on investments) of £12,939 (2023 - surplus £6,470).
Total income reduced by 8.8%. Gifts and offerings and Gift Aid reduced by 16.7% compared to the previous year. Buildings lettings increased by 54% compared to 2023.
Total expenditure reduced by 19.7% compared to the previous year.
At the year-end, the charity held funds totalling £285,201, of which £1,555 was held in restricted funds.
## **6. Investment Policy and Performance**
The charity has no investment policy. Funds are held in a bank account to enable easy access.
## **7. Reserves Policy**
At the year-end the charity's cash reserves totalled £48,662 (2023 - £38,002) (Net current assets less restricted funds). This amounts to approximately 12 months' unrestricted expenditure.
The trustees are aware that the church roof will need major repairs soon, and phase one is budgeted at £20,000, and is likely to commence in 2024.
The trustees consider these reserves to be adequate for the needs of the charity.
## **8. Public Benefit**
The Trustees have noted the Charity Commission's publishes guidance on the Public Benefit requirement under the Charities Act 2011. The charity carries out a range of activities in accordance with its charitable aims. They consider that the activities described below provide benefit to those who worship at the Church to the wider community in Taunton and surrounds and indeed to the United Kingdom and world.
## **RIVERSIDE CHURCH TAUNTON STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31ST MARCH 2024**
## **Trustees' Responsibilities**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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 the financial statements, the trustees are required to:-
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the applicable Charities SORP;
- Make judgements and estimates which are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures which must be disclosed and explained in the financial statements;
- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in existence.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the applicable charities regulations. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed Declaration of Trustees:
Signed Print Name
15th August 2024 …............................... Trustee Dated: …................. John Hilton - Trustee
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVERSIDE CHURCH TAUNTON**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31st March 2024 as set out on the following pages.
## **Responsibilities and basis of report**
As the charity's trustees, 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 Trust's accounts carried out under section 145 of the 2011 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.
## **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 which gives me cause to believe that in any material respect:-
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable 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.
## Donna Rowan Gold
Dated 15.08.24
Donna Rowan Gold For and on behalf of: Tove Accountancy Ltd
Office 6 Town Hall, 86 Watling Street East, Towcester, Northants, NN12 6BS
## **RIVERSIDE CHURCH TAUNTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024**
|**Note**
**INCOME**
Donations and Legacies
3
Charitable Activities
3
Investment Income: Bank interest
3
**Total Income**
**EXPENDITURE**
Charitable Activities
4
**Total Expenditure**
Net gains/(Losses) on investments
Net income/(expenditure)
Transfers between funds
**Net movement in funds**
Transposition diff b/f
Movement in Zambia designated capital
Total funds brought forward
**Total funds carried forward**|**2024**
**2024**
**2024**
**2023**
**2023**
**2023**
**Unrestricted**
**Restricted**
**Total**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
**£**
44,737
5,100
49,837
53132
8276
61,408
14,387
14,387
9321
9,321
327
327
42
42|
|---|---|
||**59,451**
**5,100**
**64,551**
**62,495**
**8,276**
**70,771**|
||47,172
4,439
51,612
48,613
15,688
64,301|
||**47,172**
**4,439**
**51,612**
**48,613**
**15,688**
**64,301**|
||2,975
2,975
(2,236)
(2,236)
0|
||15,253
661
15,914
11,646
(7,412)
4,234|
||0
(769)
769
0
(6,787)
6,787
0
0
0
14,484
1,430
15,914
4,859
(625)
4,234
(89)
(89)
0
(606)
(606)
0|
||13,789
1,430
15,219
4,859
(625)
4,234|
||269,857
125
269,982
264,998
750
265,748|
||**283,646**
**1,555**
**285,201**
**269,857**
**125**
**269,982**|
## **RIVERSIDE CHURCH TAUNTON BALANCE SHEET**
## **FOR THE YEAR ENDED 31ST MARCH 2024**
|**Note**
**Tangible Fixed Assets**
Tangible Assets
8
Investments
9
**Current Assets**
Debtors
10
Cash at bank
12
and in hand
**Current Liabilities**
Amounts falling due
11
within one year
**Net Current Assets**
**Total assets less current liabilities**
**Funds of the Charity**
Restricted funds
Unrestricted funds
**Total Funds**|**2024**
**£**
13,323
38,499|**2024**
**£**
200,000
34,984|**2024**
**£**
13,785
26,163|**2023**
**£**
200,000
32,009|
|---|---|---|---|---|
||||
||
|||285,201||270,136|
|||1,555
283,646||125
270,011|
|||285,201||270,136|
## **Trustees responsibilities in relation to financial statements**
Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011.
On behalf of the trustees
Signed ….......................... Trustee Date …............... Print Name John Hilton - Trustee
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **1. BASIS OF PREPARATION**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
## **1.2 Going concern**
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted.
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
## **1.5 Material prior year errors**
No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP).
## **2. ACCOUNTING POLICIES**
## **2.1 Income**
## **Recognition of income**
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ it is more likely than not that the trustees will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.
## **Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2024**
## **Debtors and prepayments**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
## **Income from interest**
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **Cash**
Cash at bank includes short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.2 Expenditure and liabilities**
## **Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Grants with performance conditions**
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## **Grants payable without performance conditions**
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## **Redundancy cost**
The charity made no redundancy payments during the reporting period.
## **Deferred Income**
No material item of deferred income has been included in the accounts.
## **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2024**
## **Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the financial period. Pension contributions are charged to the Statement of Financial Activities as they become payable.
## **The funds of the charity**
Funds held by the charity are:
## **Unrestricted funds**
These are funds that are not subject to any restrictions regarding their use and are available for application within the charitable objectives for the general purposes of the charity.
## **Restricted income Funds**
These are funds which can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when the funds are raised for particular purposes.
## **Financial Instruments**
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **Tangible fixed assets for use by the charity**
## **Freehold property**
Freehold property has been measured at historical cost. No depreciation has been charged as the property is maintained to such a standard that the estimated residual value is not less than the cost.
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £1,500.
## **Fixed asset investments**
Investments are included at current market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.
|**3. INCOME**
**a) Donations and Legacies**
Gifts and offerings
Gift Aid tax refunds
**b) Charitable activities**
Pastoral Care
Buildings Lettings
c) Investment income: Bank interest
**Total Income**|**2024**
**2024**
**2024**
**2024**
**2023**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
37,220
0
5,100
42,320
52,383
7,517
0
0
7,517
9,025|
|---|---|
||**44,737**
**0**
**5,100**
**49,837**
**61,408**|
||0
14,387
14,387
9,321|
||14,387
0
0
14,387
9,321|
||327
327
42|
||327
0
0
327
42|
|||
||**59,451**
**0**
**5,100**
**64,551**
**70,771**|
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST MARCH 2024**
|**4. EXPENDITURE**
**Expenditure on Charitable Activities**
Charitable giving
Employment costs
Fees
Youth and Children's work
Premises: refreshments and cleaning
Premises: repairs and maintenance
Premises: utility costs
Insurance
Telephone and internet
Payroll and administrative costs
Printing post and stationery
Subscriptions and licences
Website costs
Equipment
Training costs
Gifts to speakers
Pastoral care
Bank charges
Accounting and Independent examination
Sundry expenses
**Total expenditure**|**2024**
**2024**
**2024**
**2024**
**2023**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
5,091
0
4,439
9,530
19,222
17,504
0
0
17,504
22,334
0
0
0
0
0
530
0
0
530
135
802
0
0
802
2,247
9,763
0
0
9,763
6,241
3,693
0
0
3,693
3,796
2,630
0
0
2,630
2,423
1,027
0
0
1,027
347
810
0
0
810
1,072
117
0
0
117
127
0
0
0
0
616
635
0
0
635
515
520
0
0
520
1,552
70
0
0
70
294
1,387
0
0
1,387
1,507
746
0
0
746
0
146
0
0
146
287
1,316
0
0
1,316
1,321
384
0
0
384
265
0
0
0
0|
|---|---|
||**47,172**
**0**
**4,439**
**51,612**
**64,301**|
|||
||**47,172**
**0**
**4,439**
**51,612**
**64,301**|
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
|**5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE**
**5.1 Fees for examination of the accounts**
Independent examiner’s fees
Other fees paid to the independent examiner
**6.1 Staff Costs**
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs
**6. PAID EMPLOYEES**|**2024**
**£**
900
0
**900**
**2024**
**£**
17,278
226
**17,504**|**2023**
**£**
1,321
0|
|---|---|---|
|||**1,321**|
|||**2023**
**£**
22,055
0
279
0|
|||**22,334**|
|No employees received employee benefits (excluding employer pension costs) for the reporting
period of more than £60,000
**6.2 Average head count in the year**
Charitable activities
**2**
**7. DONATIONS PAYABLE greater than £1000**
**2024**
**£**
Zambia
5,841
Harvest Alliance Tithe
1,639
Besom
1,320
8,800
**Grants to Individuals and Institutions under £1000**
Grants to Individuals & Institutions
730
**Total**
**9,530**||
|---|---|
||**4**|
||**2023**
**£**
6,872
1,494
1,320|
||6,872|
|||
||12,350|
|||
||**19,222**|
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **8. TANGIBLE FIXED ASSETS**
|Freehold land and buildings
**9. INVESTMENTS**
Standard Life - Elevate Cash, Elevate GIA
Balance brought forward
Gain/(loss) in the year
Balance carried forward
**10. DEBTORS AND PREPAYMENTS**
Prepayments
Gift Aid refunds due
Pastoral Care loans
Buildings lettings
Other
**11. CREDITORS AND ACCRUALS**
Accruals
Other creditors
**12. CASH AT BANK**
Lloyds Bank Accounts
Cash in hand|**2024**
**£**
200,000
**2024**
**£**
32,009
2,975
34,984
**2024**
**£**
3,425
8,473
0
1,425
0
13,323
**2024**
**£**
900
706
1,606
**2024**
**£**
38,414
85
**38,499**|**2023**
**£**
200,000
**2023**
**£**
32,009|
|---|---|---|
|||32,009|
|||**2023**
**£**
3,662
9,021
0
1,012
90|
|||13,785|
|||**2023**
**£**
900
921|
|||1,821|
|||**2023**
**£**
26,009
154|
|||**26,163**|
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**||
|---|---|
|Fund Balances at 31st March 2024 are represented by:
Tangible Fixed Assets
Current Assets
Creditors: amounts falling due within one year|**Unrestricted**
**Designated**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
234,984
0
0
234,984
50,268
0
1,555
51,822
(1,606)
0
0
(1,606)|
||283,646
0
1,555
285,201|
## **13. DESIGNATED FUNDS**
There were no restricted funds in the financial period.
## **14. RESTRICTED FUNDS**
## **Current financial year**
|Zambia Fund
Food Box
Hardship Fund
Christmas Gifts
Roof fund
**s financial year**
Zambia Fund
Food Box
Hardship Fund
Christmas Gifts|**Fund**
**balances b/f Income**
**Expenditure**
**Transfers**
**between funds**
**Fund**
**balances c/f**
**£**
**£**
**£**
**£**
**£**
0
3,628
(3,489)
139
125
125
0
291
291
0
181
(950)
769
(0)
1,000
1,000|
|---|---|
||125
5,100
(4,439)
769
1,555|
||**Fund**
**balances b/f Income**
**Expenditure**
**Transfers**
**between funds**
**Fund**
**balances c/f**
**£**
**£**
**£**
**£**
**£**
7,526
(14,938)
7,412
0
125
125
625
(625)
0
750
(750)
0|
||750
8,276
(15,688)
6,787
125|
## **Previous financial year**
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **ANALYSIS OF FUNDS**
## **Current year**
|Fixed assets
Current assets
Current Liabilities
Net Assets
**s year**
Fixed assets
Current assets
Current Liabilities
Net Assets|**Unrestricted**
**funds**
**Restricted**
**funds**
**Totals**
**£**
**£**
**£**
234,984
0
234,984
50,268
1,555
51,822
(1,606)
0
(1,606)|
|---|---|
||283,646
1,555
285,201|
||**Unrestricted**
**funds**
**Restricted**
**funds**
**Totals**
**£**
**£**
**£**
232,009
232,009
39,823
125
39,948
(1,821)
(1,821)|
||270,011
125
270,136|
## **Previous year**
**Zambia Fund:** Established to provide relief of persons who are in conditions of need or distress in Zambia. Additional gifts totalling £nil (2023 - £7,412) were transferred from the unrestricted funds. A balance of £139 (2023 - £nil) was carried forward to be given in the current year.
**Food Box:** Gifts specially given to the organisation Food Box. A balance of £125 (2023 - £125) is carried forward to be spent in the current year.
**Hardship Fund:** Gifts specifically given to individuals in need in the community. A balance of £291 (2023 - £nil) is carried forward to be spent in the current year.
**Christmas Gifts:** £181 (2023 - £750) was raised to give gifts to various individuals in need at Christmas. A total of £950 was spent. The difference of £769 was made up by a transfer from general funds.
**Roof fund:** £1,000 was received during the year towards the roof fund, and carried forward to the current year.
## **RIVERSIDE CHURCH TAUNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **15. PAYMENTS TO TRUSTEES**
During the financial year, Mr C Stone received £ nil (2023 - £5,144) gross salary and £ nil (2023 - £92) employer pension as church worker of Riverside Church, Taunton, in furthering the charity's objectives.
Gine Glover is a trustee and received £318 (2023 £1,335) gross salary during the year as a cleaner.
Stuart Glover spouse of Gine Glover (a Trustee) and son of Nigel Glover (a Trustee) received a gross salary of £13,766 (2023 - £12,800) and £ 226 (2023 - £187) employer pension as Church Administrator.
During the year £nil (2023 - £294) was paid to Mick Taylor for Leadership Team training. The training was delivered by an independent training organisation.
The charitable companies' governing document allows for the employment of trustees/directors as long as the majority of trustees/directors are not employed.
Conflicts of interest are taken into account in all discussions in relation to the employment of the above trustees/directors with trustees/directors withdrawing from any meeting where their employment is discussed.
The trustees' insurance includes trustees indemnity insurance.
The following trustees' reimbursements were paid for the year ended 31st March 2024:
|J Hilton
K Packer
Nigel Glover|169.30
Visiting speakers and courier fees
677.34
Messy church refreshments and materials
667.20
Communion wine and Christmas gifts reimbursement
1,513.84|
|---|---|
There were no reimbursements recorded for the year ended 31st March 2023.
No further remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee/director or any person or persons known to be connected with any of them.
## **16. LEASE OR HIRE PURCHASE AGREEMENTS**
No finance leases or hire purchase agreements were undertaken in the financial period.