Riviera Life Link Unaudlted Financial Statements Year Ended 31 December 2023 Registered charity number 1138812 Company registration number 06969642 Riviera Life Link Cornpany Information Year Ended 31 December 2023 Incorporated in England on 22 July 2009 Company Registration No. 06969642 Charity Registration No. 1136812 Governing Document Memorandum & Articles of Association Trustees Mark Slaney Rov Jordan Williams Jackie Williams Mike Parrol Se¢retsry Anita Wise Registered Office 527 Babbacombe Road, Torquay. Devon Independent Examiner Ma￿n Hobbs Bsc ACA Francis Clark LLP Chartered AccDuniants Sigrna House Oak View Close Edginswell Park Torquay TQ2 7FF Bankers HSBC Bank PIC 4 The Strand Torquay Devon TQ1 2AB Riviera Llfe Llnk Trustees, Report Year Ended 31 December 2023 The trustees have pleasure in presenting their report and the unaudited financial statements of the charitable mpany for the year ended 31 December 2023. Status The charitable company is limited by guarantee. having no share capital. Under the provisions of Section 60 of the Companies Act 2006, the Company is enlitltsd lo omit the word "Limited" from its name. The goveming documents of the charitable company are its Memorandum and Articles of Association. Oblects and Actlvltles of the Charlty The relief of poverty, sickness and distress by Ihe provision or assistance in the provision of funds, goods or serviGes in such parts of the United Kingdom or the world as Ihe directors in their absolute discretion may from time to time decide., The preservation and protection of good health by the provision or assistance in the provision of funds. goods or services in such parts of the United Kingdom or the world as the directors in their absolute dlscretlon may from time lo lime decide., To advance education in such parts of the United Kingdom or the worfd as the directors in their absolute discrotion may from ts'me to lima decide,. and For such other charitable purposes according lo the laws of England and Wales in such parts of the United Kingdom or the w0￿d as the directors in their absolute discr8tion may from time to lime decide. Activities and Achi8voments for the publlc beneflt The Trustees have had due regard lo the Charity Commission's guidance on public benefit in deciding which activities that Charity should undertake. Throughout 2023 Riviera Life ROC Centre continud lo run the following comrnunity projects and groups,. Parent and toddler group Youlh group Community small groups The Truslees have continued to support Riviera Life Llnk Volunteers. providing pastoral care regularly during the year via zoom calls and in person meetings. Riviera Life Link continued its Storehouse Foodbank and Baby Bank within its Community, opening 8 hours per week. The Storehouse provided essential emergency food parcels lo families and individuals in need. The Storehouse and Baby Bank has been an instrumental member of the Food Alliance within the ¢ornmunily, con5151ing of 10 different social actio)n groups working together to meet the need 7 days a week. At ihe beginning of 2023 new projects were launched- Riviera Life Homeslore providing household items for families and individuals in need, Riviera Life Food Club- a social supermarket wher8 those who access the food bank undergo a financial assessment to see whether they can bègin lo contribute towards the food parcels. This is lo help with budgeting and supporting people off the food bank support. We also trained volunteers lo deliver benefits advice and launched a Debt ¢entre helping those in Debt acTOSS Torbay. A Job Club was also launched training and equipping people with skills lo return to work. The Charity CDntinues lo meet ils goals and objectives and is fully compliant with policAes. pro¢¢dures and working pr8clices. Riviera Life Link exists for the relief of poverty, sickness and distress,. thè preservation of good health and lo advance education for individuals and communities. Riviera Life Link Financial Statements Year Ended 31 December 2023 Contents Page Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance She&t Notes lo the Financial Slalernenls Riviera Life Link Trustees, Report Icontinuedl Year Ended 31 December 2023 Organisational Structure New trustees are appointed to the board by a majority vote of the existing trustees. This is followed by a Iruslee induction process. Reserves The Trustees plan lo rel8in 8 modest level of free reseNes lunrestricled reserves that are freely available to the charity) as a contingency fund against future detnands on the Charity whid) are, lo a certain exlenl, unpredictable in nature. Free reseTves al 31 December 2023 were £39,49212022 - £39,121) Dlrectors and Trustees The directors and Iruslees who served the charity during the year were as follows.. Mark Slaney Rev Jordan Williarns Jackie Williams Trustees Responsibillties The trustees (who are also the directors for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicabl8 law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). CompBny law 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 charitable ¢omp8ny and of the incoming resources and application of resources. including the income and expenditUTe, of the charitable company for that period. In preparing these financial ststemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently.. obseNe the methods and principles in the Charities SORP., make judgements and estimates that 8re reasonable and prudent., state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial slatemenls., prepare the financial slalemenls on the going Concern basis unless il is inappropriate to PTesume that the chafltable company will continue In operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trusl8es are also responsible for safeguarding the assets of the charitable company and hence for taking Teasonable steps for the prevention anc5 detection of fraud and other irregularities. This report has been prep8red in accordance with the Charity's Ststement of Recommended Practice.. SORP IFRS1021 and in accordance with the special provisions of part 16 of the Companies Act 2006 relaling lo smaller entitses. In preparing this report, the Truslees h8ve taken advantage of the small companies exemptions provided by section 415A of the Companies Acl 2006. This report W85 8pproved by the Trustees on . i6.Ek. 024 and signed on their behalf by: Mark Slaney Truslee Riviera Life Link Independent Examiner's Report to the Trustees Year Ended 31 December 2023 I report lo the charity Irustoes on my examination of the accounts of Riviera Life Link for the year ended 31 December 2023, which are set out on pages 4 to 9. Re$ponslblllties and basls of rèport As the Iruslees of the Charity land also ils directors for the putposes of company lawl you are resrxjnsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report IN respecl of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charhy Commission under section 145151 (bl of the 2011 A¢1. Independent examinerfs statement I have completed my examination. l Gonfirm that no matters have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the acwunts do not accord with those records., or 3. the accounts do not comply wrfch the accounting requirements Df section 396 of the 2006 Act 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., or 4. the accounts have not been prepared in accord8nTr wilh the methods and principles of the Slalemenl of Recommended Practice for a¢covnting and reporting by char(Lies lappli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢8ble in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. artln Hobbs Bsc ACA Francis Clark LLP Chartered Accountants Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF Riviera Life Link Statement of Financial Activities (incorporating an Income and Expenditure Account) Year Ended 31 December 2023 General Deslgnated Rostrlcted Funds Funds Funds 2023 2023 2023 Total Fund5 2023 Total Funds 2022 Income from.. Grant Income Other income 7,535 1,282 91.119 98.654 6,668 25.547 15,058 5,386 S.386 8.817 91,119 105,322 40,605 Riviera Life Link donation income 1,686 1,686 1,812 Total 7,072 8,817 91,119 107,008 42,417 Expandlture on: Administration expenses Premises expenses Main activities Other expenses 424 5.659 424 5,659 56,465 5,337 382 6,794 35,868 4,954 4,098 52,367 5.337 Total 11,420 4,098 52.367 67,885 47.998 Net Incomel (Expenditure) {4.3481 4,719 38.752 39,123 15,5811 Transfers 920 {9201 Total funds brought fotward 25,999 13,122 12,276 51,397 56,978 Total funds carried foNard 22,571 17,841 50,108 90,520 51,397 Al of the above results ar& derived from continuing aclivits'es. All gains and losses ￿CogniSed in the year are included above. The surplus for the year for Companies Act purposes is equivalent to the nel movemont in funds. £22,547 restricted incorne and £16,089 restricted expenditure was included in the previous yearfs accounts. Riviera Life Llnk Balance Sheet 31 December 2023 2023 2022 Note Fixed assets Tangible assets 920 Current assets Debtors Cash al bank and in hand 446 90,058 1,446 51,845 90,504 53.291 Credltors- Amounts falling due within one year 19041 11,8941 Net current asset5 89.600 51,397 Total assets less currènt liabilities 90,520 51,397 Capltal, reserves and funds General fund Designated fund Restricted 22,571 17,841 50,108 25.999 13,122 12,276 Total funds 90,520 51,397 The directDrs are sallslied that the company is entitled to exemption from the provisions of the Companies Act 2006 Ilhe Act) relating lo the audit of the financial ststements for the year by virtue of section 477, and that no member or members have reque51ed an audil pursuant to section 476 of the Act. The directors acknowledge their responsibilities for.. lil ensuring that the company keeps adequate accounting records which comply with section 386 of the Act, and {iil preparing financial ststemenls which give a true and fair view of the state of affairs of the company as at the end of the financial year and of ils profil or loss for the financial year in accordance with the requireTnenls of sections 394 and 395, and which otherwise comply with the requirements of the Act relab'ng to financial statemenls, so far as is applicable lo the cornpany. These financial slalements have been prepared in accordance wrfLh the special provisions for srnall companies under Part 15 of the Companies Act. These financial statements were approved and signed by the trustees and aulhorised for issue on .2024, and are signed on their behalf by.. Mark Slaney Director Company Registration Number.. 06969642 Riviera Life Link Notes to thg Financial Statements Year Ended 31 December 2023 Accounting Policl&s al Basls of preparation of financial statement$ and assessmant of going concern The financial slalemenls have been prepared under the historical cost convention and in accordance wlh Accounting and Reporting by Charities.. Stalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151- (Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The trust meets the definition of a public benefit entity under FRS 102. The functional and presenlalional currency of these financial statements is sterfing. The trustees consider that there are no material uncertaintios about the Charity's ability to conllnue as a going concern. b) Tanglble Flxed Assets and Depreclatlon All tangible fixed asseis are initially recorded al cost, and are depreryated by equal annual instalments over their eslimaled useful lives al tho following rates.. Fixtures and Fittings 3 years ¢1 Income recognition Income is recognised when the charity has entit￿ment to funds, any performance Conditions attached to the items of income have been mel, it is probable that the Income will be received and the amount can be measured reliably. d} Expenditure recognition Expenditure is recognised once there is a lègal or constructive obligation committing the charity to that expenditure, il is probable that settlement will be requir8d and Ihe amounl of the obligation can be measured reliably. Expenditure includes irr8coverable VAT. 01 Operating Leasos The costs of operating leases are charged to the SOFA as they accrue. Financial instruments Financial instruments are classified and accounted for, according to the Subs18n￿ of the contractual arrangement, as financial assets, financial liabilities or equity inslrumenls. An equity instrument is any contract that evidences a rosidual interest in the assets of the company after deducting all of its liabilities. The company holds the following financ181 instnjmenls, 811 of which are Considered lo be basic.. Short lerni debtDrs and creditors Cash and bank balances Income Net Incomellexpendilurel is staled after charging.. 2023 2022 Depreciation written off tangible fixed assets Independent examiner's fees.. Independent examination Other accountancy services 970 500 200 50QI 200 Riviera Life Link Notes to the Financial Statements Year Ended 31 December 2023 Staff Costs 2023 2022 Wages and salaries Social security ¢osls Pension 14,635 352 149 1.553 447 15,136 2.000 The average number of employees during the year was two12022 one) Tanglble Flxed Assets Flxturès and Fittings Cost At 1 January 2023 Additions 15,042 920 At 31 December 2023 15,962 Depreciation Al 1 January 2023 Charge for the year 15,042 At 31 December 2023 15.042 Net book value At 31 December 2023 920 Al 31 December 2022 Tangible fixed assets for the year encsed 31 December 2022 included additions of £nil and a depreciation charge of £970. Debtors 2023 2022 Gift aid receivable Other Debtor 446 1,000 446 1,446 Creditors: Amounts falling due within one year 2023 2022 Aceruals Other Creditors 700 204 700 1,194 904 1,894 Riviera Life Link Notes lo the Financial Statements Year Ended 31 D8c8mb8r 2023 Company Limited by Guarant8 The charity is limited by guarantee and has no share capital. In the ev8nl of a winding-up, the liability of the members is limited lo £10 each. Related Party Transactions The chaiitable company employed two members of staff during the year12022 onel. One employee was Truslee Jackie Williams and remuneration was paid lo her, under the authority given in the charity's conslitulion. In the year hersalary lolalled £11.648. 12022 Consultancy fees of £11.074 and salary plus NICS of £2,000, lotalled £13,074) During the year expenses lolalling £1,134 (primarily for travel and telephone costs) were relmbursed lo one trustee12022- £1.142 to ￿01. Funds 1 January 2023 Income Expendltur& Transfers 31 December 2023 Restrictèd Funds Co-op Grant Early Help Fund Food Club Fund Warm Space Fund Julia & Hans Rausing Grant Torbay United Grant Torbay Council Granl (March 231 Cost of Living Project (May231 TCDT Grant (Aug 231 (Baby Milk etcl Household Support Fund ITCI Torbay Council Additional Funds 103 2,319 6,354 3.500 4,448 12,0941 12,3191 114,7351 13,5001 15,8551 2,457 8,750 369 6.537 5,000 6,000 21,000 400 30.984 8,000 682 5,000 849 14,268 146 26,337 {5.1511 {6,7321 12541 13,7271 18,0001 19201 12,276 91,119 152,3671 19201 50,108 Da$lgnated Funds ROC Redeeming Our Communities 13,122 8,817 14,0981 17,841 General Funds IRLL) 25,999 7,072 111,4201 920 22.571 51,397 107,008 67,885 90,520 Funds breakdown Rèstrlcted General Designated Funds Funds Fund$ Total Fixed assets Current assets Current liabilities 920 22,555 19041 920 90,504 19041 50,108 17,841 31 D8comb¢r 2023 50,108 22,571 17.841 90,520 Notes to the Financial Statements Year Ended 31 December 2023 Comparatlve Informatlon In respect of the pr9ceding period Is as follows- 1 January 2022 Income Expenditure Tran$f&rs 31 December 2022 Restricted Funds Co-op Grant TC Grant TCDT Grant IFormula Milk) Feed Britsin Early Help Fund Food Club Fund Warm Space Fund 5,818 3.602 2,094 500 751 3,350 8,750 3,500 19,3171 12,0941 15001 1751) 11.0311 12,3961 103 2,319 6,354 3,500 5,818 22.547 116,0891 12,276 Designated Funds ROC Redeeming Our Communities 19,658 13,662 120,1981 13,122 General Funds {RLLI 31,502 6,208 111,7111 25,999 56,978 42.417 147,9981 51.397 Funds breakdown Restrl¢ted General Designated Fund$ Funds Funds Total Fixed assets Current assets Current liabilities 12,276 27,893 11,8941 13,122 53,291 11,8941 31 December 2023 12,276 25,999 13,122 51.397