Riviera Life Link Unaudlted Flnancial Statements Year Ended 31 December 2024 Registered charity number 1136812 Company registration number 06969642
Riviera Life Link Company Information Year Ended 31 December 2024 Incorporated in England on 22 July 2009 Company Registralion No. 06969642 Charity R6gistration No. 1136812 Governing Document Memorandum & Articles of Association Trustees Mark Slaney Rev Jordan Williams Jackie Williams Mike Parrolt (appointed 1 June 2024) Secretary Anita Wise Registered Office 527 Babbacombe Road, Torquay, Devon Independent Examiner Martin Hobbs Bsc ACA Francis Clark LLP Chartered Accountants Sigma House Oak View Close Edginswall Park Torquay TQ2 7FF Bankers HSBC Bank PIC 4 The Strand Torquay Devon TQ12AB
Riviera Life Link Financial Statements Year Ended 31 December 2024 Contents Page Truste8s' Report Independent Examiner's Report Statement of Financial Activiti@s Balance Sheet Notes to the Financial Statements
Riviera Life Link Trustees, Report Year Ended 31 December 2024 Tha trustees have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 31 December 2024. Status The charilable company is limited by guarantee, having no share capital. Under the provisions of Section 60 of the Companies Act 2006, the company is entitled to omit the word "Limited" from ils name. The governing doGuments of the charitable company are its Memorandum and Articles of Association. Objècts and Activities of the Charity The relief of povety, sickness and distress 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 discretion may from time to time decide., The preservation and protection of good health by the provision or assistance in th8 provision of funds. goods or services in such parts of the United Kingdom or the world as the directors in their absolute discretion may from time to lime decide; To advance education in such parts of the United Kingdom or the world as the directors in their absolute discretion may from tim8 to time decide; and For such other charitable purposes according to th8 laws of England and Wales in such parts of the United Kingdom or the world as the directors in their absolute discretion may from time lo time decide. Actlvitles and Achlevements for the publlc beneflt The Trustees have had due regard to the Charity Commission's guidance on public benefit in decldlng which activities that Charity should undertake. In March 2024 the Riviera Life ROC Centre was sold by Riviera Life ChurchlHome Church as they look ahead at other future projects and opportunities. Riviera Life Link continued its Storehouse Foodbank 8aby Bank, food clublsocial supermarket, furniture bank, warm space, debt centre, money management courses, support around returning to work, benefits advice, shower facility and cleaning clothes within its community, opening 8 hours perweek. The Storehouse provided essential emergency food parcels to families and individuals in need. The Storehouse and Baby Bank has been an instrumental mernber of the Food Alliance within Ihe community, consisting of 10 different social action groups working together to meet the need 7 days a week. Riviera Life Homeslore continued lo provide household items for families and individuals in need, Rivi9ra Life Food Club a social supermarket where those who access the food bank undergo a financial assessment to see whelher they can begin to contribute towards the food parc81s. This is to help with budgeting and supporting people off the food bank support. We also Irained volunteers to deliver benefils advice and launched a Debt centre helping those in Debt across Torbay. A Job Club also continued to equip people with skills to relurn to work. Shower facilities were opened offering a place for those rough sleepers to have a warm shower and an opportunity to clean their clothes was also introduced. The Charity continues to meet its goals and objectives and is fully complianl with policies, procedures and working practices. Riviera Life Link exists for the relief of poverty, sickness and distress., the preservation of good health and to advance education for individuals and communities.
Riviera Life Link TrLJStees' Report (continued) Year Ended 31 December 2024 Organisational Structure New trustees are appointed lo the board by a majority vote of the existing trust&as. This is followed by a truslee induction process. Reserves The Trustees plan to retain a modest level of free reserves (unrestricted reserves that are freely available to the charity} as a contingency fund against future demands on the Charity which are, to a certain exlent, unpredictable in nature. Free reserves at 31 December 2024 were £40,78812023 - £39,492) Dlrectors and Trust8eS The directors and trustees who served the charity during the year were as follows: Mark Slaney Rev Jordan Williams Jackie Williams Mike Parrott Truste88 R8sponslbllltles The trustees (who are also the dir8Ctors for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires Ihe trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incomlng resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charitie5 SORP., make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posilion of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the Charity's Statement of Recommended Practice: SORP IFRS102} and in accordance with the special provisions of part 16 of the Companies Act 2006 relating to smaller entities. In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the Trustees on 2025 and signed on their behalf by: Mark Slaney Twstee
Riviera Life Link Independent Examiner's Report to the Trustees Year Ended 31 Dember 2024 I report to the charity trustees on my examination of the accounts of Riviera Life Link for the year end8d 31 December 2024, which are set out on pages 4 to 9. Responsibllltles and basis of report As the trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Compani8s Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Cornpany are not required to be audited under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of your charity's accounts as carrled out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under seCtn 145(51 (bl of the 2011 Act. Indepondent examlner's statement I have completed my 8xamination. I confirm thal no matters have come to my attention in connection with the examination giving me cause lo believe- 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting qUIreMentS of 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 b&en prepared in accordance with the methods and principles of th8 Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rapublic of Ireland (FRS 102)]. I have no concern5 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. Mafrtln 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 2024 General Deslgnated Restricted Funds Funds Funds 2024 2024 2024 Total Funds 2024 Total Funds 2023 Income from: Grant Income Other incom8 52,360 52,360 10,666 98,654 6.668 200 10,466 200 10,466 S2,360 63,026 105,322 Riviera Life Link donation income 924 924 1,686 Total 1,124 10,466 52,360 63,950 107,008 Expendlture on: Administration expenses Premises expenses Main activities Other expenses 17 1,322 147 204 368 1,322 78,748 4,543 424 5,659 56,465 5,337 4,753 73,995 4,543 Total 5,882 4,900 74,199 84,981 67,885 Net Incomel (Expendlture) (4,758) 5,566 121,839) (21,031) 39,123 Transfers 545 (545) Total funds brought forward 22,571 17,841 50,108 90,520 51,397 Total funds carriod forward 18,358 23,407 27,724 69,489 90,520 All of the above results are derived from continuing activities. All gains and losses recognised in the year are includ8d above. The surplus for the year for Companies Act purposes is equivalent to the net movemenl in funds. £91,119 restricted Income and £52,367 restrlcted expenditure was included in the previous year's accounts.
Riviera Life Link Balance Sheet 31 December 2024 2024 2023 Note Fixed assets Tangible assets 976 920 Cuffent assats Debtors Cash at bank and in hand 307 70,066 446 90,058 70,373 90,504 Creditors - Amounts falling due within one year (1,860) 19041 Net current assets 68.513 89,600 Total assets less current Ilabllltles 69,489 90,520 Capital, reserves and funds General fund Designated fund Restricted 18.358 23,407 27,724 22,571 17,841 50,108 Total funds 69,489 90,520 The directors are satisfied that the company is enlitled to exemption from Ihe provlsions of the Companles Act 2006 Ith8 Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requesl8d an audit pursuant to section 476 of the Act. The directors acknowledge their responsibilities for: li) ensuring that the company keeps adequate accounling records which comply with section 386 ofthe Act, and (li) preparing financial statements 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 its profit or loss for the financial year in accordance with th8 requirements of sections 394 and 395. and which otherwise comply with the requirements of the Act relating lo financial statements. so far as is applicable to the company. These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act. These fi ancial statements were approved and signed by the trustees and authorised for issue on .2025, and are signed on their behalf by. ark Slaney Director Company Registration Number: 06969642
Riviera Life Link Notes to the Financial Statements Year Ended 31 December 2024 Accounting Policies a) Basis of preparatlon of financial statements and assessment of going concern The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Finar)cial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2015) - (Charities SORP (FRS 10211, the Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102) and the Companies Act 2006. Th8 trust meets the definition of a public benefit entity under FRS 102. The functional and presentational currency of these financial statem8nts is sterling. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. b) Income recognltlon Income is recognised when the charity has entitlement to funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. c) Expendlture recognltlon Exp8nditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes irrecoverable VAT. d) Tanglble Flxed Assets and Depreclatlon All tangible fixed assets are initially recorded at cost, and are deprecialed by equal annual instalments over their estimated useful lives at the following rates.. Fixtures and Fittings 3 years e) General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objects of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds which have been set aside by the trustees for particular purposes. Restricted funds are those which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes Operating Leases The costs of operating leases are charged to the SOFA as they accrue. g) Financlal Instruments Financial inslruments are classified and accounted for, according to the substance of the contractual arrangement. as financial assets. financial liabilities or equity instruments. An equity instrumenl is any contract that evidences a residual interest in the assets of the company after deducting all of ils liabilities. The company holds the following financial instruments, all of which are considered to be basic: Short term debtors and creditors Cash and bank balances
Riviera Life Link Notes to the Financial Statements Year Ended 31 December 2024 Income Net incomel(expenditure) is stated after charging: 2024 2023 Depreciation written off tangible fixed assets Independent examiner's fees.. Independent examination Other accountancy s&rvic8S 489 500 2,137 500 489 Staff Costs 2024 2023 Wages and salari8S Social security costs Pension 16,768 352 162 14,635 352 149 17,282 15,136 The average number of employees during the year was two {2023 0). No employees received employee benefits of more than £60,000. Tanglble Flxed Assets Flxtures and Filtings Cost At 1 January 2024 Additions 15,962 545 At 31 December 2024 16,507 D8preciation At 1 January 2024 Charge for the year 15,042 489 At 31 December 2024 15,531 Net book value At 31 December 2024 976 At 31 December 2023 920 Tangiblefixed assets forthe year ended 31 December2023 included additions of£920 and a depreciation charge of £nil. Debtors 2024 202 Grft aid r1Vable 307 446 307 446
Riviera Life Link Notes to the Financial Statements Year Ended 31 December 2024 Creditors". Amounts falling due within on& yoar 2024 2023 Accruals Other Creditors 900 960 700 204 1,860 904 Company Llmlted by Guarantee The charity is limited by guarantee and has no share capital. In the event of a winding-up, the liability of the members is limited to £10 each. Related Party Transactions The charitable company employed Iwo members of staff during the year {2023 two). One employee was Trustee Jackie Williams and remuneration was paid to her, under Ihe authority given in the charity's constitution. In the year her salary plus NICS totalled £12,000. (2023 - £12,000) During the year expenses totalling £777 (primarily for travel and telephone costs) were reimbursed to one truste8 {2023 - £1,134 to one). Funds 1 January 2024 Income ExpendSture Transfers 31 December 2024 Restrlcted Funds Co-op Grant Food Club Fund Julia & Hans Rausing Grant Torbay United Grant Torbay Council Grant (TC) Cost of Living Project TCDT Gran (Baby Milk etc) Household Support Fund (TC) Torbay Council Social Supermarket Household Support Fund (TC) PCP Baby Bank Granl Recovery Spaces Grant (TC) Spirent Communication Grant Household Support Fund ITCI PCP Food Bank 2,457 369 682 5,000 849 14,268 146 26,337 {2,457) 1369) (682) 5.000 {849) (10,226} (146> 126,337> 17,014) {18,4291 (6071 (2671 (250) {5,566) {1,000) 50 4,092 7,014 18,429 1,000 1,100 500 23.267 1,000 393 288 250 17,701 1545) 50,108 52,360 (74,199) {545) 27,724 Designated Funds ROC Redeeming Our Communities 17,841 10,466 14,900) 23,407 General Funds (RLL) 22,571 1.124 (5,882) 545 18.358 90.520 63,950 {84,981) 69,489
Riviera Life Link Notes to the Financial Statements Year Ended 31 December 2024 Funds breakdown RestriGted General Designated Funds Funds Funds Total Fixed assets Current assets Current liabilities 976 19,242 (1,860> 976 70,373 {1,860) 27,724 23,407 31 December 2024 27,724 18,358 23,407 69,489 Comparatlve Informatlon In respect of the preceding perlod Is as follows: 1 January 2023 Incom8 Expendltur8 Transfers 31 December 2023 Restricted Funds Co-op Grant Early Help Fund Food Club Fund Warm Space Fund Ju5ia and Hans Rausing Grant Torbay United Grant Torbay Council Grant March 23 Cost of living Project May 23 TCDT Grant Aug 23- Baby Mllk etc Household support fund TC Torbay Council additional funds 103 2,319 6,354 3,500 4,448 (2.094) 12,319> {14,735} (3,5001 15,855) 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 (5,151) (6,732) (2541 (3,727) (8,000) (920) 12,276 91,119 (52,367) (920) 50,108 Dgslgnated Funds ROC Redeeming Our Communities 13,122 8.817 14,098) 17,841 General Funds {RLL) 25,999 7,072 111,420) 920 22,571 51,397 107,008 (67,885) 90,520 Funds breakdown Restricted General Designated Funds Funds Funds Totsl Fixed assets Current assets Current liabilities 920 22,555 (904) 920 90,504 (904) 50,108 17,841 31 December 2023 50,108 22,571 17,841 90,520