CHARrrY REGISTERED NUMBER . 1097758 COMPANY REGISTERED NUMBER 04645456 RIVERSIDE CHURCH TAUNTON STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 Tove Accountancy Ltd Office 6. Town Hall 86 Watling StrÈÈt East Towcester Northant5 NN12 6BS
RIVERSIDE CHURCH TAuNfoN LEGAL AND ADMINISThATIVE INFORMATION Reglstered Charlty No. ICr37758 Re8lstered Company No. 04645456 Trustees Mr Ketth Packer (Chairl Mr John Hilton (Treasurer) Mr Nigel Glover m Gine Glover Mr Michael Taylor Mr Richard Bayliss Resigned Ilth September 2024 Appointed Ilth November 2024 Correspondence address Rlverslde Churth The Exchange Hamilton Road Taunton Somerset TAI 2EQ Independent Examlner Tove Accountancy Ltd Office 6. Town Hall 86 Watling Street East Towcester NN12 6BS 8ankers Uoyds Bank 31 Fore Street Taunton Somerset, TAI IHN Constltutk+n The charity converted to a CIO on 16th February 2024 Governln8 Document The charity controlled by Its 8overnln8 document, memrandum and articles of association dated 23rd A board of Trustees administers the charity and meets on a re8ular basis throughout the year. Area of Operation Somerset and ZambSa Oblectlves The advancement of the Christian far(h and the wofship 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.
RRsIDE OIURCH TAUNfoN TRUSTEES REPORT FOR THEYEAR EPIDeD 31ST MARCH 2025 l. Strurture, GovernanaN1 Mana8emoftt lal The charit¥ mana8Èd bya board of Trustees set ouitlow'. Mr Keith Packer lchairrn) Mrjohn Hilton IT¥easurerl Mr Nieel Glover Mrs Gine Glover Mr Michad Toylor Mr Rich•rd Bayliss Ilesned Ilth September 2024 Appolmtsd Ilth November 2024 2. objective5 and Actovltles The adv4ncement of the Chrtstlan In accordancewlth the Ststement of Farth lat Schedule l of the ConstliutK)nl and the Misslon Ststem•fit lat Schedule 2 of the Con5tTtutionl. RMk Mana8emertt Ibl The Trustees artivety revlew Ihe major risks which the charlty faces oth a regular basis and telieve that maintainlng the free reseNÈs ststed in the resÈfft5 policy, combined th the annual revkw of the controls overthe key financial systemsu[rd out on an annual ba515. will Pfovlde sufficient resources In the èvent of adverse condOn$. The Trustees have a150 exam5nÈd other operatlonal and business risks whith they fKe and confirni th4tthey h established system5 to mrtiRate the slgnrflcar5t rt5ks. Irl The Trustees met orb Six rs1on$rin8 the and also metlth the Operat141 leadershlp team of the thurch. Idl The church has ¢ontinued to be a member of the Harvest lIance nets¥th ol thurch•s. The church has also continued to networkwith other kn¢al ¢hurche5 and or8ants•tlMs. lel The Exch•n8e is the main 8atherin8 place for Reide Churth attNrtiÈs. The chur(h gathers there regularfy. and the bylldirw Is used for manyotherxtJvitS either bythe ¢hur¢h lor the benefit off th• lttal communityorby l¢xal dubs and ory•nisatK•n5. The number of people participatinÉ in the chUrch'SrShip seNces h•$ 8rowA dunng the period of the report. lfj The church's Supp for, and IlTrkwlth. Zamblan churthes has contknued no ¥lsrts were rnade durin8 th ptriod of the report.
RIVERSIDE OIUROI TAUNTON TRUSTEES AEPORTcopmNUED FOR THE YEAR ENDED 315T MARCH 2025 5. Flnanclal ftevlew The charity made a deficf( in the year of £29,10912024- surplus £15.219. The charlty made an operatingdeficit in the year IrK•t Includi the gain5nosse5 on irwe5tmentsi 01 £30.38612024- surplus £119391. Total income intre3sed by 36%12024 reduced by&8%1. Gfftsarxl offeringsand 6rftA IreaSed by 16% 12024 reduced by 16.7%). Buildin8s lettines increased by 5% 12024 irKrn•sd by54%1. Total Èxpendlture Inueased by 129%12024 reduc ty 19.7%1 wnpared tothe prevlous year. At the yeor.end. the tharlty held funds totsllirq £256,65212024 £285.2011. of whkh £53512024 £1.5551 was held in restn¢ted funds. 6. In¥e5trnent Poli¢¥ and Ptrfonnan¢t PmaryfUdS are held in a bank account to enab twxcess. Afund reseThè ts hekl In medium rlsk Investment policy. 7. Reserles Polry At thÈ ar-end theth¥ltys cash reservestotalled £19.85612024. £48.6621 INet trenta$Sets I restridÈd funds). Thls arnountsto aPpr0Mate 5momhs' unrestrKted eypendrture. Therustee5 ccffjsiderthese reseiwes to be adeou•te forthe d5 ofthe charity. 8. Publi¢ B•n¢fft The TrtJstÈes have noted the CharityCommts5ion's pUhe5 Ruldan¢e on tht Publk Btnefft guir¢me#t under ihe Charitles Act 2011. The charity carries out a range of acMvs in accordance wlth its charftsble alms. Theyconsklerthat the actileS descnbed beknw provide benefit to those who worshlp atthe Church to the wlder community in Taunton and surrounds and Indeed to the United Kid&M •nd worfd.
RIVERSIDE CHURCHTAuiifoN sfATEMENT OF TRUSTEES, RESPON51Biur FOR THE YEAR ENDED31ST MARCH 2015 TrusteÈs' Responslblllties The charity tru51ees a $SIble forpreparin8 a trUees. annual rep(rtand finarKial 5tatrments in accordance with applrcable lèw ènd Un+ted Xifigdom Accounting siandards IUK GeneralAccepted Accounting Practice). The law applicable to charities in EnÉL8nd and Wales requiresthe tharitylJust to prepare financial ststements for eath year which a true and fairwvwof the sta ol afts1 olthe charity and of the Incomi re50urcesand Op10Th of vesourtes. ol the thèrityforthat perh)d. In preparithgthelinancial ststernents. the tru5tee5 ore required to'.- Selert suitable accouThting polioesand then appthern consistertty. Ob5er¥e the methods and prtlp in the applKable chare5 SORP, Make judgernents and estinates whith are reasonable and wudent.. stste whether applkable attounttn8 stsndards have been fdlowed. 5ubiertto any mattrtsl departure5 which must be di5c105ed and explalned in the financial statements. Prepare financkil statements on the going concern basts unless rt is inappropriate to presume that the charitywill continue in existence. The trustees are responsible for keewng proper accounting records. whl¢h dls¢losÈwlth rtasonab accurncyat anytime, the financl81 pth1on ofhe Charand to enable them to en5Lire thotthe flnancial statements tornpty with the Chanties Act 2011 and the applicable thanties regulatlOll5. They are also responyble for sale8uardln8 the assets of the Char and takJn8 TeasonaNe slep5 forthe preventioTh and detection of Iraud and other irre8ularities. 518ned Declaratlon of Trvstee5.' 8ned Prlnt Name John milton-TStee
INDEPENDErir EXAMINER'S REPORTTO THE TRUSTEES OF RIVER510E CHURCH TAulON I report to the trustee5 on my examinatiot) of the accounts of the above thartty for the year ended 31st March 2025 as set on the following pages. Re¥)onsibilities and bas15 of report As the charity's trustee5, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Arfl. I report in respert of my examination of the Trust'5 accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicable directlons given by the Charity Commission under section 14515llbl of the Art. Independent examlnerfs 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 wth section 130 of the Charitie5 Act,. or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements concerning the fomi and content of accounts set out In the Charities (Accounts and Reports) Re8ulatlons 2008 other than any requirement that the accounts 've a 'true and fair. view which Is not a matter considered as Part of an independent examination. I have no concerns and have come acr055 no other matters in connection WTth the examination to which attentlon should be drawn in thls report In orderto enable a proper understandln8 of the accounts to be reached. DOMA Rowan Gold Dated 15.08.25 Donna Rowan Gold For and on behalf of.. Tove Accountancy Ltd Office 6 Town Hall, 86 Watling Street East. Towcester. Northants, NN12 685
sfATEMENfoF FINANCIALACtIVmES 2024 1024 nds Funds F¥nOs Fund5 INCOME Donations and Legacie5 Chadtable ActNwe InvÈ5tment Inccthe Bank interest s7.15 IS.176 210 72.627 15,176 210 44,737 14,387 327 5.1(Kl 49.837 14,387 327 Totsl IrKome $62 8B.QU Yj51 64,551 ExpeNDITURE Ch•rrtalAe Acte$ 52.634 65.765 118.398 47,In 4.439 51,611 Total W•ndStw• X634 65.765 47.172 SL611 Net ièlns/lLossesl on Inveslrnents 1377 L277 1975 1975 Net Incomellexwndlturel 21.C84 150.2021 129.1091 15.254 661 15.915 Trnnsfers bettveen fvrtds 149,1821 49.182 17691 Met mov•m¢nt kn fundi Transp0yrn diFI b/f Movement In iambla des11 captsl 128.08BI 11,0 I29.1> 14.485 1891 1.430 15,915 1891 124(rf8 L0201 29.109 13.79) 1,430 15,220 Total fiJnds brouihtforw•rd 283.647 L555 285.X+2 26957 125 269,982 Tot& fur#ls¢ard•dfonvard 25S,559 2S6.093 183,647 L55S 285,202
RIVERSIDE CHURCH TAUNTON 8ALANCE SHEET FOR THE YEAR ENDED 31sr MARCH 2025 Note 2025 2025 2025 2024 Tangible Fixed A55ets Tangible Assets Investments 2CKJ.000 36,261 236.261 200,(X)O 34.984 234,984 Current Assets Debtors Cash at bank and in hand io 12 8,486 13.532 13,324 38,499 22.018 51.823 Current LSabllltles Amount5 falling due within one year li 11,627) 11,6061 Net CurréTrt Assets 20,390 50,217 Total assets less wrrent liabilities 256,652 285,201 Funds of the Charlty Restricted funds Unrestflcted funds 535 256,117 1,555 283,646 Total Funds 256,6S2 285,201 Trustees responslbllltles In relatlon to flnanclal statements Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charrties Att 2011. On behalf of the trustees Signed Trustee Date Print Name John Hihon- Trustee
RIVERSIDE CHURCH TAulON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31sr MARCH 2025 I. BASIS OF PREPARATION 1.1 Basi5 of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unle55 OtheThvise stated in the relevant notelsl to these accounts. These accounts have been prepared in accordance with the Statement of Recommended Prattice.. Accounting and Reporting by Charities preparing their accounts accordance with the Finanaal RetIng Stsndard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and with the Charities Act 2011. 1.2 Goln8 concem There are no material uncertainties related to events or condTrtion5 that cast significant doubt on the charlty's ability to continue as a going concern. 1.3 Change of acwuntlnk pollcy The accounts present a true and falr vlew and no changes have been made to the accounting pollcies adopted. 1.4 Changes to ac(ountin8 estlmates No changes to accounti estimates have occurred in the rep)rtin8 period13.46 FRS102 SORPI. 1.5 Materlal prlor year errors No material prior year errors have been identified in the reportin8 period13.47 FR5102 SORPI. 2. ACCOUNTING POLiaES 2.1 Income Recognltlon of Income These are Included in the Statement of Financial Activities ISOFAI when.. • the charity becomes entitled to the resources. it is more likely than not that the trustees will recelve the resources,. and the monetary value c3n be measured with sufficient reliability Offsettlng There has been no off5ettlng of assets and liabilities. or income and expenses. unless required or permitted by the FR5102 SORP or FRSIO2. Grants and donations Grants an(1 donations are only inclu(Jed in the SOFA when the general income recognition crlteria are met15.10 to 5.12 FR5102 SORPI.
RIVERSIDE CHURCH TAUNTON NOTES TO THE Accouiifs ICONTINUEDI FOR THE YEAR ENDED 31ST MARCH 2025 Debtors and prepayments Gift Aid receivable is tncluded 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 temis 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 Thlsls included in the accounts when receipt is probable and the amount receivable can be measured reliably. Cash Cash at bank includes short term hlghly Ilquid Investments wlth a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Z.2 Expendlture and IlJbllltle5 Llability recognltlon Liabilities are recognised where it 15 more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obli8ation can be measured with reasonable certainty. Grants wlth perforniante eondltlons Where the charity gives a 8rant with conditions for its payment bein8 a specific level of seNice or output to be provided, such grants are only reco8nised in the SOFA once the recipient of the grant has provided the specified seryice or outPLrt. Grants payable wlthout perforniance condltlons These are only recognised in the accounts when a commitment has been made and there are no condltSons to be met relating to a grant which remain in control of the charty. Redundancy cosl 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 liabilitie5 A liability is measured on recognition at Its historical cost 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 Accoupifs IcopinNUED) FOR THE YEAR ENDED 31ST MARCH 2025 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 Ststement of Financial Activities as they become payable. The fvnds of the chaTIty Funds held by the charity are.. Unrestrlcted funds These are funds that are not sublect to any restrlttions regarding their use and are available for applicatlon within the charltable objectives for the general purposes of the charity- Restrlrted Income Funds These are funds which can only be used for particular restricted purposes wlthin the objectlves of the charity. Restriction5 arise when specrfied by the donor or when the funds are raised for partlcular purposes. Flnanclal 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 TAUMTON NOTES TO THEACCOUNTS Tanglble l¥ed assets for use tythe charlty Freehold propertv Freehold property has been measured at h11(al c05t. deprriation has charged a5 the woperty 15 maintained to suth a stsndard that the e#imated redUd1 value is not iessthan the cost. Tangible lixed assets are capitalised if theycan be used for mort than year. and cost at least £1.. Flxed asset in¥eslments Investments are intludÈd at current marketvalue at the balance sheel dats. Any eoin or loss on revaluation tsktn to the Statement of Financial Activitie5. 3. INCOME 2025 2025 Total FwKIs Total Fund5 Funds Funds Funds Il Don•tlons and Legacles Gifts and offerlngs GIft t•x refunds IS.%2 63.962 42.320 8,665 7,517 72.6Z7 49A37 57A*S 62 bl ChrStable actlvtti Pastoral Care BuIldiS Lettlngs 15,176 IS.176 15,176 15.176 14,387 14.387 cl Investment incfme.. Bonk Interest Bank interest Investmeffl ialns 210 1.277 1,487 210 1.277 1,487 327 327 Total Inrom• 74727 15.562 89.2 64.551
IIIVERSIDE CHURCH TAuiiropi NOTES TOTHEACCOUPIT5 FOR ThIE YEAR END31ST MARal 2025 4. EXPENDITUI¢E 1025 2014 Total Funds Fur$ Funds Funds Expendiiure on thafftable A£thrteS Charitable givinE Employment eosts 10089 19.453 6,654 17.543 19.453 9,530 20.074 Youth and Childn.$ work Premises. relreshmersts and cleani Premises". repairs and maintenance Premises". utlllty costs In$uranre Ttlephone and internet Payroll and adrninistrativt costs Printing post and stationery Subscrtptlons anY Iltences Website costs Equiprnent Training £ik%ts Gifts to speakers Pèstoral care Bank charges Accountin8 and Independent ex•nlnatior Svndry expenses 1.705 2.516 61.3SO $30 1516 2.239 59.111 7,193 3.693 2,630 1.027 810 117 2,939 1.079 566 2.939 1.079 2L 224 SS3 224 SS3 635 520 70 1.387 746 146 1.316 386 246 246 1,501 267 170 267 170 1.2LXI 219 219 65.765 118398 SL612 Total 41tp•ndYf 52,634 65,765 118398 5L612
RWERSIDE QIURCH YAUIIION NOTES TO THEAccoupifs FOR THE YEAR ENDED315T MARCH 21125 S. DETAILS OF CERTAJN TfEl¥15 OF EXPENDifuRE S.1 Feesforexarninatitin ol the accounts 20 2024 Independent examinerfsfee5 Other fee5 paid tolhe independent exèmw)er 6. PAID EMPLOYEES 6.15taff Costs Salaries and wages Sotlal security costs PensioTh cost5 1defir contrlbutlon scheme) Other employee benefits Total staff costs 19.224 17.278 228 226 19A53 17,$04 No employees rncéfved emptoyee beneffts lexduding employer peTrOn tostsl foi the reponing perlod of rnore than £60. 6.2 Average head count In the yt•r Charftable actmtles 7. OONAn014S PAYABLE ye•tsrthan £lWI 2024 Zambia Haryest Thhe 5M61 L931 1.320 8,713 S,841 1.639 1320 8.8LK) Grantsto IndbdUaIS Insthukn urth£ifAXI Grnnts to Indwuals & Instftutions 8.831 730 Total 17.543 9.530
NOTES TO THE ACCOVNIS FOR THE YEAR ENDED 315TMARCH 2025 . TANGIBLÉ FIXED Ass5 2014 Freehold land and buildin8s 9. IPIVESTMENTS Standard Llfe- Elevate Cash. Elevate GVI 2Q14 Balan£e brought forward Gainlllossl In the year Balan¢• carrled fon¥ard 34.984 1,277 36.261 319 2,975 34.984 Ith DEBTORS AND PREPAYMENrs 2024 Prepayments Glft Aid refund5 due Pastoral Care bans 8tJildin8s lettifi8S Other 3.561 4.C85 3.425 8,473 830 1.425 8.486 13,323 11. CDif0R5 AND ACCRUAiS Acuuals Other uedltors 1.627 706 1.606 1.627 IZ. CASH AT BA14K 20Z4 Uoyds Ban* A¢courf$ Cash in hand 13.432 Ic 13532 38,414 85
RIVERSIDE CHURCH TAuKroii 140TES TO THE Accoupirs 13. ANALYSIS OF NET ASSETS BETWEEN FUND5 Funds Funds Funds Funds Fund Balance5 at 31st March 2025 are rewesented by: Tangible Fixed Assets Current Assets Creditors." amounts falling due within one year 236.261 21,483 11,6271 236,261 22.018 11,6271 535 256.117 535 256,652 14. DESIGNAYED FUNDS ThEre were no re5tri(ted fvrKls thefifi¥ncwl period. IS. RESTRicfED Ful$ Current flMnd•l ye Tr•nsfers Fund between balantys Fund b¥¢¢5 blf Inc¢xn• ewlIUre clf Zambia Fund Food Box HardshSp Fund Chflstmas Glfts Roof fund C•nteen 139 15,4621 259 125 291 119 291 1281 9.188 11.1631 159.1111 48.923 1.555 15.562 165.76SI 49.182 535 Pr•¥lousllnarfl•l y••r Tran51ers Fund bet¥mn b•l•w Ewidllure funds clf Fund lance5 blf IX Zambia Fund F( Box Haidship Fund Christmas Glfts Roof fund 3.628 13A891 139 125 291 125 291 19501 769 125 5.1(Ml 14.4391 769 1,555
RIVERSIDEOIURCH TAUMTON IIOTES TO THE Accourirs FOR THE YEM ENDED 31ST MARCH 202S ANALYSIS OF FUNDS Current yeaf fvnds Totals F6xÈd assets Current assets Current Liabilitie5 236261 2L4183 IL6271 236.261 22.018 11.6271 S35 Net Assets 256.117 535 2S6.652 Preyiousy•ar fund5 lund5 Totsb5 Fixed assets cunI assets Current Liabllities 234.984 50,268 11.6LkSl 234.984 51823 IL6061 I55 Ilet Assets 283,646 1.555 285.201 Z•mbS1 Fund: Established to pmiide rtlitf of ptrsons who are in condit•)nsof need or distre55 in Zambia. Additional Bilts totallin8 £25912024. £nill were tran51erred from the unre5tdcted hJnd& A balarKe of £n 12024- £1391 was carrl•d lor•id. Food Box: Gifts speci¥lly8NeA to the Food Box. A balante of £12512024- £1251 Is tarfed forward to be spent In the current year. Hard$hlp FUNI.. Gifts spe¢lfi¢ally 8l¥efi to indviduals in need in thè communrty. A balant of £291 12024- E2911 15 carried forward to be spEnt in the current year. Chrlstmas Glfts: £1.28112024. £1811 was ratsed to ge 8lfts to vartous Indlvlduals In need at Chrlstmas. Atotsl of £1,160 wa5 Spent. Roof fund: £9.18812024- £1.IxKII was reetNed the year towards the roof fund. £59.111 was spent on roof repair5. The shortfall 01 É48.923 was transferred frorn gera1 funds, leaving a nil balance carried fonvard. Canteen.. É30 was8l¥en in respect of r*w canteen mugs. The same amountw¥ spont.
RIVERWE OIURCH TAUNT(4 P407ES TO THE ACCOUNTS FOR THEYEAR EMDED 31ST MARCH 2025 IS. PAYMENfs TO TrUSTEES Gine Glover is a trustÈe ané received £nil12024 £31818r0s5 salary duringthe year as a deaner. Stuart Glover spouse of Gine Glover la Trustee) and son of Nigel Glover la T)iJsteel receNed a eft) salaryof £13.84812024- £13.7661 arsd £ 22812024- E2261 ernployer pensioTh a5 Church AdMiThrator. The charitable companies. gtweming d¢Kument allow5 for the empknymeni of trusteesldire¢¢tys as a5 the majority of trusteesldirectors are not ernplijyed. Corffllcts of Interest are tsken irto attount in all discusslons In relatton to the eMpYnt of the abjve tru5tee5/directors with trustees/dire(tors ¥Athdowing from any meetin8 where their employment is dis¢usstd. The tru5tees' insurance includes trustees indernnity insurance. The followAn8 tru5tee5' reirnbursements were ld for the year ended 31st March 2025.. 2014 169.30 Wisiiiw speakers and courier fees 677.34 Messy chuich refreshrnents and rnatersals 667.20 Canieen. Communion wine and Chrisrmas grfts O New member5 lunch with Leadership Tebm J Hikon K Packer Nl8el Gl¢i¥er M Taylor 2550 1,393.89 28.74 42.73 I,4.86 1.513.84 No further remuneratlon dI¢V or indirectly out of the funds of the charity was pald or p•yible forth year to any trusteeldirector or any person or per$0Th5 known to be conrted with any ol them. 16. LEASE OR HIRE PURCHASE AfjREEME14TS No finance leases or hire purGha5e 4reements were undertaken in the finarKkl perlod.