## **CHARITY REGISTERED NUMBER : 1097758**
## **RIVERSIDE CHURCH TAUNTON CIO**
## **STATEMENT OF ACCOUNTS**
**FOR THE YEAR ENDED 31ST MARCH 2026**
Tove Accountancy Ltd Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
## **RIVERSIDE CHURCH TAUNTON CIO LEGAL AND ADMINISTRATIVE INFORMATION**
|**Registered Charity No.**|1097758|||
|---|---|---|---|
|**Trustees**|Mr Keith Packer (Chair)||Resigned 6th June 2025|
||Mr John Hilton (Treasurer)|||
||Mr Nigel Glover||Resigned 9th June 2026|
||Mr Michael Taylor|||
||Mr Richard Bayliss|||
||Mrs Pamela Lloyd Yeo||Appointed 21st May 2025, resigned 11th March 2026|
||Mr Philip Lloyd Yeo||Appointed 21st May 2025, resigned 11th March 2026|
||Mrs Jocelyn Parker|(Chair)|Appointed 21st May 2025|
||Patricia Ann Delling-Williams||Appointed 27th March 2026|
|**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|||
||dated 16th February 2024.|||
||A board of Trustees administers||the charity and meets on a regular|
||basis throughout the year.|||
|**Area of Operation**|Somerset|||
## **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 CIO TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2026**
## **The trustees present their report for the year ended 31 March 2026.**
## **1. Structure, Governance and Management**
(a) The charity is managed by a board of Trustees set out below:
Mr Keith Packer (Chair) Resigned 6th June 2025 Mr John Hilton (Treasurer) Mr Nigel Glover Resigned 9th June 2026 Mr Michael Taylor Mr Richard Bayliss Mrs Pamela Lloyd Yeo Appointed 21st May 2025, resigned 11th March 2026 Mr Philip Lloyd Yeo Appointed 21st May 2025, resigned 11th March 2026 Mrs Jocelyn Parker Appointed 21st May 2025 Patricia Ann Delling-Williams Appointed 27th March 2026
## **2. Objectives and Activities**
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**
(b) 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**
## 1. Overall:
The church has grown in the year and we were delighted to celebrate 8 baptisms in the year. In addition, a new “senior” youth group has been facilitated, and we have a thriving younger church and Sunday School.
The church continues to run a monthly Messy Church event which is well supported, and more recently some attendees from that have started coming on Sundays.
## 2. A large sum had been spent on the roof in the previous year, depleting reserves.
In 2025/26 we again established a surplus of income over expenses, and this surplus is now being accumulated for phase 2 of the building roof repairs, anticipated to take place in 2 to 3 years’ time.
3. During the year it was necessary to undertake further remedial work on the roof area and on the outside store.
4. The church remains healthy financially, with consistent and welcome donations from church members to which is added our income from letting rooms.
5. Our investment in staff cleaners has been increased to reflect the more intensive use of the building both by members and room hirers.
6. During the year the main hall curtains were refurbished, and 150 new chairs purchased to replace chairs which were worn and becoming unsafe.
Both of these investments were funded in part by substantial gifts from church members, for which we are very grateful.
7. The church continues to support the Fire Baptised churches in Zambia and The Besom here in Taunton.
8. The trustees have responded to increasing regulatory requirements including:
- Liaising with the Fire Baptised Church in Zambia to document the proper use of the funds we give to them. This was needed as we have not sent any church representatives for many years, and our need to monitor the disbursement of funds sent overseas.
- Tightening implementing the provisions of the Funding Code as it applies to charities, and in particular to the organisation of church collections.
- Reviewing and strengthening our management of Conflicts of Interest following a focus on this aspect by the Charity Commission. Conflicts of interest are explored before any Trustee meeting.
- Introducing new policies on confidentiality, the structure of trustee minutes, Trustee Code of Conduct and a complaints policy.
- Reviewing the rules and regulations surrounding Data Protection, as the rules applying to charities were amended in the year.
- Keeping a constant consideration on our safeguarding policies and compliance.
9. It is the primary responsibility of the trustees to ensure we are advancing the Christian Faith through our four aims, which are:
To worship God
To be a Christian Family
To make Disciples
To spread God’s love.
To meet these obligations, in the early part of 2026 the Trustees began a process of revisiting the church vision and strategy.
We had hoped to do this in conjunction with the Leadership Team, but to date this has been difficult.
Work will continue on this in the coming year.
## 10. The trustees continue to have concerns:
• No one is visiting Zambia, which makes our giving there difficult to follow or validate as required by the regulations.
• Our management of data through address lists is not satisfactory. We will work to tighten this in the coming year to ensure we comply with the GDPR regulations. Of particular concern is the difficulty of establishing when someone has left, and when their contact data should be removed.
## **RIVERSIDE CHURCH TAUNTON CIO TRUSTEES REPORT CONTINUED FOR THE YEAR ENDED 31ST MARCH 2026**
## **5. Financial Review**
The charity made a surplus in the year of £14,829 (2025 - deficit £29,109). The charity made an operating surplus in the year (not including the gains/losses on investments) of £11,083 (2025 - deficit £30,386).
Total income decreased by 9% (2025 increased by 36%). Gifts and offerings and Gift Aid decreased by 7% (2025 increased by 16%).
Buildings lettings decreased by 18% (2025 increased by 5%).
Total expenditure decreased by 44% (2025 increased by 129%) compared to the previous year.
At the year-end, the charity held funds totalling £270,741 (2025 £256,652), of which £1,242 (2025 £535) was held in restricted funds.
## **6. Investment Policy and Performance**
Primary funds are held in a bank account to enable easy access. A fund reserve is held in a medium risk investment policy.
## **7. Reserves Policy**
At the year-end the charity's cash reserves totalled £25,495 (2025 - £19,856) (Net current assets less restricted funds). This amounts to approximately 5 months' unrestricted expenditure.
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 CIO STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31ST MARCH 2026**
## **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 John Hilton - Trustee
Dated: ….................
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVERSIDE CHURCH TAUNTON CIO**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31st March 2026 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 13.07.26
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 CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2026**
|**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
3
Net income/(expenditure)
Transfers between funds
**Net movement in funds**
Total funds brought forward
Adjustment
**Total funds carried forward**|**2026**
**2026**
**2026**
**2025**
**2025**
**2025**
**Unrestricted**
**Restricted**
**Total**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
**£**
54,444
13,028
67,471
57,065
15,562
72,627
12,303
0
12,303
15,175
0
15,176
116
0
116
210
0
210|
|---|---|
||**66,862**
**13,028**
**79,890**
**72,450**
**15,562**
**88,013**|
||55,716
13,091
68,807
52,633
65,765
118,398|
||**55,716**
**13,091**
**68,807**
**52,633**
**65,765**
**118,398**|
||3,747
0
3,747
1,277
0
1,277|
||14,893
(64)
14,829
21,094
(50,203)
(29,109)|
||(771)
771
0
(49,182)
49,182
0
14,122
707
14,829
(28,088)
(1,020)
(29,109)
0
0
0
0
0
0
0
0
0
0
0
0|
||14,122
707
14,829
(28,088)
(1,020)
(29,109)|
||255,559
535
256,093
283,647
1,555
285,202
(181)
0
(181)
0
0
0|
||**269,500**
**1,242**
**270,741**
**255,559**
**535**
**256,093**|
## **RIVERSIDE CHURCH TAUNTON CIO BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2026**
|**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**|**2026**
**£**
14,079
14,383|
|---|---|
|||
## **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 CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026**
## **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 CIO NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2026**
## **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 CIO NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2026**
## **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 CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026**
## **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
Bank interest
Investment gains
**Total Income**|**2026**
**2026**
**2026**
**2026**
**2025**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
46,608
0
13,028
59,636
63,962
7,835
0
0
7,835
8,665|
|---|---|
||**54,444**
**0**
**13,028**
**67,471**
**72,627**|
||0
0
0
0
0
12,303
0
0
12,303
15,176|
||12,303
0
0
12,303
15,176|
||116
0
0
116
210
3,747
0
0
3,747
1,277|
||3,863
0
0
3,863
1,487|
|||
||**70,609**
**0**
**13,028**
**83,636**
**89,290**|
## **RIVERSIDE CHURCH TAUNTON CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026**
|**4. EXPENDITURE**
**2026**
**2026**
**2026**
**2026**
**2025**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
**Expenditure on Charitable Activities**
Charitable giving
10,070
0
9,869
19,939
17,544
Employment costs
22,189
0
0
22,189
19,453
Fees
0
0
0
0
0
Youth and Children's work
1,401
0
123
1,523
1,705
Premises: refreshments and cleaning
5,281
0
0
5,281
2,516
Premises: repairs and maintenance
213
0
1,250
1,463
61,350
Premises: utility costs
6,073
0
0
6,073
5,683
Insurance
3,107
0
0
3,107
2,939
Telephone and internet
1,218
0
0
1,218
1,079
Payroll and administrative costs
524
0
0
524
566
Printing post and stationery
112
0
0
112
200
Subscriptions and licences
230
0
0
230
224
Website costs
557
0
0
557
553
Equipment
848
0
0
848
983
Training costs
213
0
0
213
246
Gifts to speakers
661
0
0
661
1,501
Pastoral care
467
0
0
467
267
Bank charges
202
0
0
202
170
Accounting and Independent examination
884
0
0
884
1,200
Sundry expenses
466
0
0
466
219
Depreciation
999
0
0
999
0
**55,716**
**0**
**11,241**
**66,957**
**118,398**
**Total expenditure**
**55,716**
**0**
**11,241**
**66,957**
**118,398**
**Memo**
Expenditure on capital items
**1,850**
**Restricted expediture**
**13,091**|**4. EXPENDITURE**
**2026**
**2026**
**2026**
**2026**
**2025**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
**Expenditure on Charitable Activities**
Charitable giving
10,070
0
9,869
19,939
17,544
Employment costs
22,189
0
0
22,189
19,453
Fees
0
0
0
0
0
Youth and Children's work
1,401
0
123
1,523
1,705
Premises: refreshments and cleaning
5,281
0
0
5,281
2,516
Premises: repairs and maintenance
213
0
1,250
1,463
61,350
Premises: utility costs
6,073
0
0
6,073
5,683
Insurance
3,107
0
0
3,107
2,939
Telephone and internet
1,218
0
0
1,218
1,079
Payroll and administrative costs
524
0
0
524
566
Printing post and stationery
112
0
0
112
200
Subscriptions and licences
230
0
0
230
224
Website costs
557
0
0
557
553
Equipment
848
0
0
848
983
Training costs
213
0
0
213
246
Gifts to speakers
661
0
0
661
1,501
Pastoral care
467
0
0
467
267
Bank charges
202
0
0
202
170
Accounting and Independent examination
884
0
0
884
1,200
Sundry expenses
466
0
0
466
219
Depreciation
999
0
0
999
0
**55,716**
**0**
**11,241**
**66,957**
**118,398**
**Total expenditure**
**55,716**
**0**
**11,241**
**66,957**
**118,398**
**Memo**
Expenditure on capital items
**1,850**
**Restricted expediture**
**13,091**|**4. EXPENDITURE**
**2026**
**2026**
**2026**
**2026**
**2025**
**Unrestricted**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
**£**
**Expenditure on Charitable Activities**
Charitable giving
10,070
0
9,869
19,939
17,544
Employment costs
22,189
0
0
22,189
19,453
Fees
0
0
0
0
0
Youth and Children's work
1,401
0
123
1,523
1,705
Premises: refreshments and cleaning
5,281
0
0
5,281
2,516
Premises: repairs and maintenance
213
0
1,250
1,463
61,350
Premises: utility costs
6,073
0
0
6,073
5,683
Insurance
3,107
0
0
3,107
2,939
Telephone and internet
1,218
0
0
1,218
1,079
Payroll and administrative costs
524
0
0
524
566
Printing post and stationery
112
0
0
112
200
Subscriptions and licences
230
0
0
230
224
Website costs
557
0
0
557
553
Equipment
848
0
0
848
983
Training costs
213
0
0
213
246
Gifts to speakers
661
0
0
661
1,501
Pastoral care
467
0
0
467
267
Bank charges
202
0
0
202
170
Accounting and Independent examination
884
0
0
884
1,200
Sundry expenses
466
0
0
466
219
Depreciation
999
0
0
999
0
**55,716**
**0**
**11,241**
**66,957**
**118,398**
**Total expenditure**
**55,716**
**0**
**11,241**
**66,957**
**118,398**
**Memo**
Expenditure on capital items
**1,850**
**Restricted expediture**
**13,091**|
|---|---|---|
||**55,716**
**0**|**11,241**
**66,957**
**118,398**|
||||
||**55,716**
**0**|**11,241**
**66,957**
**118,398**|
|||**1,850**
**13,091**|
## **RIVERSIDE CHURCH TAUNTON CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026**
|**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**|**2026**
**£**
900
0
**900**
**2026**
**£**
21,949
0
240
0
**22,189**|**2025**
**£**
900
0|
|---|---|---|
|||**900**|
|||**2025**
**£**
19,224
0
229
0|
|||**19,453**|
|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
**4**
**7. DONATIONS PAYABLE greater than £1000**
**2026**
**£**
Zambia
8,097
Harvest Alliance Tithe
1,708
Besom
1,320
11,124
**Grants to Individuals and Institutions under £1000**
Grants to Individuals & Institutions
8,814
**Total**
**19,939**||
|---|---|
||**4**|
||**2025**
**£**
5,462
1,931
1,320|
||8,713|
|||
||8,830|
|||
||**17,543**|
## **RIVERSIDE CHURCH TAUNTON CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026**
## **8. TANGIBLE FIXED ASSETS**
|**8. TANGIBLE FIXED ASSETS**|||
|---|---|---|
|Freehold land and buildings
Fixtures and fittings
**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|**2026**
**£**
200,000
3,996
203,996
**2026**
**£**
36,261
3,747
40,008
**2026**
**£**
3,904
9,066
0
1,109
0
14,079
**2026**
**£**
1,702
24
1,726
**2026**
**£**
14,233
150
**14,383**|**2025**
**£**
200,000
0|
|||200,000|
|||**2025**
**£**
34,984
1,277|
|||36,261|
|||**2025**
**£**
3,561
4,095
0
830
0|
|||8,486|
|||**2025**
**£**
1,627
0|
|||1,627|
|||**2025**
**£**
13,432
100|
|||**13,532**|
## **RIVERSIDE CHURCH TAUNTON CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026**
## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**13. ANALYSIS OF NET ASSETS BETWEEN FUNDS**||
|---|---|
|Fund Balances at 31st March 2026 are represented by:
Tangible Fixed Assets
Current Assets
Creditors: amounts falling due within one year|**Unrestricted**
**Designated**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
203,996
0
0
203,996
67,228
0
1,242
68,470
(1,726)
0
0
(1,726)|
||269,498
0
1,242
270,741|
## **14. DESIGNATED FUNDS**
There were no restricted funds in the financial period.
## **15. RESTRICTED FUNDS**
## **Current financial year**
|Zambia Fund
Food Box
Hardship Fund
Christmas Gifts
Roof fund
Canteen
Chairs
Light party
Curtains|**Fund**
**balances b/f**
**Income**
**Expenditure**
**Transfers**
**between**
**funds**
**Fund**
**balances**
**c/f**
**£**
**£**
**£**
**£**
**£**
0
8,328
(8,097)
300
531
125
176
0
0
301
291
0
0
0
291
119
1,551
(1,551)
0
119
0
0
0
0
0
0
0
(221)
221
(0)
0
1,850
(1,850)
0
0
0
123
(123)
0
0
0
1,000
(1,250)
250
0|
|---|---|
||535
13,028
(13,091)
771
1,242|
## **Previous financial year**
|**ancial year**||
|---|---|
|Zambia Fund
Food Box
Hardship Fund
Christmas Gifts
Roof fund
Canteen|**Fund**
**balances b/f**
**Income**
**Expenditure**
**Transfers**
**between**
**funds**
**Fund**
**balances**
**c/f**
**£**
**£**
**£**
**£**
**£**
139
5,064
(5,462)
259
0
125
0
0
0
125
291
0
0
0
291
0
1,282
(1,163)
0
119
1,000
9,188
(59,111)
48,923
0
0
30
(30)
0
0|
||1,555
15,564
(65,766)
49,182
535|
## **RIVERSIDE CHURCH TAUNTON CIO NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST MARCH 2026**
## **ANALYSIS OF FUNDS**
## **Current year**
|Fixed assets
Current assets
Current Liabilities
Net Assets
**ar**
Fixed assets
Current assets
Current Liabilities
Net Assets|**Unrestricted**
**funds**
**Restricted**
**funds**
**Totals**
**£**
**£**
**£**
203,996
0
203,996
67,228
1,242
68,470
(1,726)
0
(1,726)|
|---|---|
||269,498
1,242
270,741|
||**Unrestricted**
**funds**
**Restricted**
**funds**
**Totals**
**£**
**£**
**£**
236,261
0
236,261
21,483
535
22,018
(1,627)
0
(1,627)|
||256,117
535
256,652|
## **Previous year**
**Zambia Fund:** Established to provide relief of persons who are in conditions of need or distress in Zambia. Additional gifts totalling £300 (2025 - £259) were transferred from the unrestricted funds. A balance of £531 (2025 - £nil) was carried forward.
**Food Box:** Gifts specially given to the organisation Food Box. A balance of £301 (2025 - £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 (2025 - £291) is carried forward to be spent in the current year.
**Christmas Gifts:** £1,551 (2025 - £1,281) was raised to give gifts to various individuals in need at Christmas. A total of £1,551 was spent.
## **RIVERSIDE CHURCH TAUNTON CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026**
## **15. PAYMENTS TO TRUSTEES**
Stuart Glover, son of Nigel Glover (a Trustee), received a gross salary of £14,232 (2025 - £13,848) and £239 (2025 - £228) employer pension as Church Administrator.
Jocelyn Parker, a trustee, received a gross salary of £1,358.
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 2026:
|J Hilton
K Packer
Nigel Glover
M Taylor
P Delling-Williams|**2026**
**2025**
12.75
25.50
Courier fees
1,040.98
1,393.89
Messy church refreshments and materials
-
28.74
Canteen, Communion wine and Christmas gifts
-
42.73
New members lunch with Leadership Team
286.17
-
Flowers
1,339.90
1,490.86|
|---|---|
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.