2022-03-31-accounts - Living Waters Pentecostal Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period:

From 1[st] April 2021 Period start date To 31[st] March 2022 Period end date

Charity name: Living Waters Pentecostal Church

Charity registration number: 1050312

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the Church are to advance religion and the Christian faith for the public benefit and in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit; Providing an ethical and moral framework for people to live by and operating within the framework of the law. LWC reaches out and serves people in the community of Preston, Paignton and beyond Devon and the UK.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The activities of Living Waters Church include regular public worship – open to all, promoting the study of religious teachings, practices and scriptures,teaching of Christianity through sermons, courses and small groupsin person and online. • Prayer is a high priority - daily prayers, nurture and growth of Christian disciples,promoting prayer and praise contribute to the spiritual and moral well being of the church family. • Social action through weekly Playgroup participation, a useful resource for isolated parents with pre-school / under age 5 children to build a social support network.LWC provides venue, resources, and designs play activities which are set up and facilitated by trained Volunteers.

		• Children at LWC:Our passion is to see our children grow and flourish in a safe and fun filled environment, where they can learn to love God and love who they are in Him. • Children join their parents in Church on Sundays for worship. Afterwards they move to their own Sunday School program for primary and nursery aged children at the Scout Hut & Main Hall / St. Paul’s Church (next door) as we have outgrown our premises - for a time of teaching, crafts, worship and time to connect with one another and build relationships. • LWC Youth meet during the week as well as Sundays to go deeper in understanding the Word of God and grow in relationships. Guidance and support help them as they navigate through the most challenging part of their development and seek to grow in their walk with Christ in order to reach their full potential. • Training Courses are made available to everyone.encouraging friendships and learning through: “Growing in Christ” Course, a13- week Bible Study explaining the fundamentals of the Christian life. “The Freedom in Christ” Discipleship Course helps people to identify to discover their identity in Christ. • Fellowship is encouraged also through social gatherings.18-30’s and 40-50’s and 60+ groups meet every other month for fellowship, friendship and support. • Statistics- Church Attendance Record: An increase of 58 to the previous year: Total number 325 Total Men 90 Total Women 163 Average attendance 230 Children 38 Youth 24 During the year we have been under restrictions caused by the coronavirus pandemic. Social distancing in our church was a personal choice.

		• People were encouraged to respect others and adopt a cautious approach. • Online arrangements increased and has brought many new opportunities for evangelism. • Supporting other charities in the UK and overseas.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees, in making decisions have had due regard to the commission's public benefit: Bringing people together through engagement and participation in activities and events, leading to improvements in physical and emotional well-being, quality of life and a more stable and community life, e.g., offering play activities and play groups for young children supporting their learning and development, weekly Foodbanks, regardless of ability, religion, culture, race or means; The Trustees are committed to protecting the welfare of children and of all adults who are vulnerable – whether that be our worshippers, visitors, staff, community or volunteers through Safeguarding Policies and Codes of Conduct.


Additional information (optional)
You may choose to include further statements		where relevant about:
	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38	The Trustees apply the funds of LWC at their discretion and in accordance with the charitable purposes and objectives of the charity.
Contribution made by volunteers	Para 1.38	LWC highly values the significant contributions made by more than 50 Volunteers through diverse skills in every area of the church, thereby contributing to the charity’s ability to advance the Christian faith. Our volunteers are vital to the functioning of our church and are represented in every area: e.g., Sunday School, Youth Work, Food Bank, Church Administration and Accounts, Welcome Team, facilitating groups and prayer meetings, training, catering, cleaning and maintenance.

Other		Living Waters Church ensured that LWC is a safe place for children and adults. All staff, Trustees and Volunteers attended the LWC Safeguarding Training Course 2022 in March to update their knowledge and understanding of the LWC Safeguarding Policy, Procedures, and Codes of Conduct.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	• LWC introduced Lifestyle Discipleship Sunday Afternoon 2 x month-gatherings for the whole family, which included food and fellowship. LifestyleDiscipleship focused on developing skills and giftings, while studying the Bible and growing in identity in Christ. In the process it continues to strengthen the community and relationships of all ages. • Social action for the wider community through weekly Foodbanks - providing weekly food and support to people locked in crisis. An average of 20 households received up to 5 tonnes of food, including essentials, providing a listening ear and sharing the love of Christ in practical ways, meeting physical and spiritual needs. • We are committed to transform the communities of Preston, Paignton, Torbay and beyond by reaching out through Fellowship where everyone can make friends and find support. We used technology to strengthen our online presence, being intentional in reaching the community, ensuring people can find us, resulting in viewing statistics / page requests of our website with the United Kingdom (296,796) and the United States (302,895) leading the way and 26 other countries, including Canada, Ireland, Australia, Israel and Saudi Arabia.

•	A School of the Prophetic was
	launched in May via Zoom
	exploring both the spiritual and
	practical application of the gift of
	prophecy.
•	We engaged with other UK wide
	Christian Organisations e.g.
	“Through Faith Mission”, practical
	training for all local churches how
	to share the good news with
	people who God loves.
•	Attended AoG Mission Forums via
	Zoom.

A Documentary “Sheep amongst wolves” was shown to the Fellowship in the autumn which had great impact on everyone and has resulted in a focused approach to Discipleship. The world is increasing in complexity, accelerating change, and escalating persecution, we recognise it’s time to return to our scriptural roots. We will discuss and seek to learn from what they have had to experience through our Lifestyle Discipleship meetings.

		The Pastors meet regularly will all Leaders in person and online via the Empower Group, updating and discussing proposed plans - prior to introducing changes to the yearly plan, including Forward 21, which included a strategy for Evangelism and Progress Reports.

Additional information (optional)
You may choose to include further statements		where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other		We adopted the government guidelines on Covid Restriction and observed the “Government’s Roadmap out of Lockdown” and “Autumn and Winter Plans 2021” focusing on practical steps to minimising the risk of infections which included Risk Assessments, additional safety measures and Ventilation. We installed aCarbon Dioxide Detector Temperature Humidity Air Quality Monitor Meter, which responded quickly to CO2 changes and alerted us to the need for increased ventilation preventing the spread of coronavirus and otherrespiratory infections.
Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	The financial position as at 31 March 2022 and the prior year are fully disclosed in the financial statements in more detail. They can be summarised as follows: -

		Income £137,404 (2021: £131,056). Unrestricted revenue funds available for the general purposes of the charity £282,738 (2021: £299,729). Restricted revenue funds £13,982 (2021: £12,736). Total funds £296,720 (2021: £312,465). Total unrestricted income of £124,390 (2021: £129,478 including £7,052 job retention grant) and restricted income of £13,014 (2021: £1,578) was also received, and are detailed in the financial statements. Overall, the total unrestricted funds income received from donations and legacies including tax recoverable has increased by 1.6% compared to last year which is a great blessing. The net result was net expenditure over income of £16,991 (2021: £5,581) on unrestricted funds. The trustees appreciate the generous giving of its members during this difficult time.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity operates a reserve policy that holds an amount of cash to enable the running of the church for a period of 6 months in the unlikely event of all income being lost.
Amount of reserves held	Para 1.22	£ 16 000
Reasons for holding zero reserves	Para 1.22	The Trustees agree that a Reserves Policy is required in order to plan responsibly for times when funds may become low in order that the church can continue to meet its financial and contractual obligations during this period. The Policy is reviewed annually and the list of assets updated and the amount of reserve reviewed to ensure that this is still applicable to meet the commitments of the church.
Details of fund materially in deficit	Para 1.24	-
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	-

Additional information (optional)	Additional information (optional)
You may choose to include further statements		where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	All regular payments are regularly reviewed to satisfy the Trustees that the relevant person or organisation is applying the funds for charitable purposes and in accordance with the objects of our trust deed. • LWC teaches biblical tithing and it is still God’s design for supporting the ministry and reaching the world with the Gospel. • LWC is totally self-financing and encourages all people who consider LWC their home church to contribute. The money given on a Sunday voluntarily meets the monthly and yearly church financial budget and allows LWC to be generous in our giving to various ministries and outreaches. • All salaries, building maintenance, equipment, utility bills, church supplies and programs are paid for out of whatever comes in and is collected weekly or monthly through cash, cheques or standing orders via the bank. • Financial reports are made available to everyone during the yearly Annual General Meetings. • The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
Investment policy and objectives including any social investment policy adopted	Para 1.46	None
A description of the principal risks facing the charity	Para 1.46	• Impact of Coronavirus and restrictions and experiencing a period of unrelenting change • Income and financial sustainability • Technology, social media, resilience of IT systems and infrastructure • Cyber security
Other		LWC took advantage of Eventbrite and engaged the community during Covid attendance restrictions to book their seats for the Sunday Church Services online.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document	Para 1.25	Model Constitution with Trust Deed for
(trust deed, royal charter)		Local Assemblies of God, adopted by
		special resolution of Living Waters Church
		1050312, Document Ref: 2153210951.
How is the charity	Para 1.25	Unincorporated Association
constituted?
(e.g., unincorporated		The Church Council is chaired by the
association, CIO)		Senior Pastor, the Trustees manage and
		control the Church and its property and
		funds.
Trustee selection methods	Para 1.25	The Church Council appoint Trustees and
including details of any		are the governing body of the Living Waters
constitutional provisions		Church Charity, it holds ultimate power and
e.g., election to post or		responsibility for all matters concerning the
name of any person or body		Charity.
entitled to appoint one or		The Trustees are responsible for:
more trustees		• Directing the affairs of the Charity
		• Ensuring that it is well run and
		solvent
		• Delivering the charitable outcomes
		for the benefit of the public for which
		the Charity was set up
		LWC Trustees provide leadership to the
		charity and make sure it is doing what it set
		out to with the help of the Charity
		Commissions’ SORP - Statement of
		Recommended Practice.

Additional information (optional)	Additional information (optional)	Additional information (optional)
You may choose to include further statements			where relevant about:
	Policies and procedures	Para 1.51	• UK-GDPR (United Kingdom
	adopted for the induction		General Data Protection
	and training of trustees		Regulation).
			• LWC Safeguarding Policy
			• LWC Code of Conduct
			The LWC Safeguarding Policy is based on
			the Ten Safeguarding Standards “A
			framework for creating safer places”
			published by
			Thirtyone: eight, the UK’s only independent
			Christian safeguarding charity
			and
			Torbay Council Multi-Agency Safeguarding
			Hub, and LADO – Local Authority
			Designated Officer
	The charity’s organisational	Para 1.51	The Assemblies of God in Great Britain,
	structure and any wider		(AoG GB) a Pentecostal Christian
	network with which the		denomination, affiliated with the World
	charity works		Assemblies of God.

Relationship with any Para 1.51 related parties Other

Reference and Administrative details

Charity name	Living Waters Pentecostal Church
Other name the charity uses	-
Registered charity number	1050312
Charity’s principal address	358 Torquay Road Paignton TQ3 2DQ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (if any)
Tony Williams	Senior Pastor and Chair	LWC Church Council
Su Williams	Senior Pastor	LWC Church Council
Mike Courtenay		LWC Church Council
Allan Wardle		LWC Church Council
RoySullivan		LWC Church Council

– Corporate trustees names of the directors at the date the report was approved Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year	N/A

Funds held as custodian trustees on behalf of others

----- Start of picture text -----
-
-
----- End of picture text -----

Description of the assets - held in this capacity Name and objects of the - charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for - safe custody and segregation of such assets from the charity’s own assets

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (e.g., Secretary, Chair, etc) Date

Charity regItratiOn number.. 1050312 Living Waters Pentecostal Church knowll a Living Waters Assemblies of God At]nual Report and Financial Ststements ror the Year Ended 31 March 2022 Vincent & Co Accountants 37 Shiphay Lane Torquay Deiwon TQ2 7DU

Living Watery Pentecostal Chureh known as Living Waters Assemblies of God Contents Independet]t exaTniner's report Statent of financial aetiillities Balance Sheet Nvtes tu the fI[ncl1 statements 4t09 Ststcmcnt of financial activiti¢s pcr fund 10 to 11 Stat¢m¢nt of finan¢ial a¢tiviti¢s comparativ¢s 12

Independent Examiner's Report to the Trllstees of Living Waters Pentecostal Church I repLIrt on the accounts of the Trust for the year ended 31 March 2022. Respectlve responglbllltles of trustees and examlner The trustees are responstble for the preparation of the accounts. The trustees consider that an audit is not required for Ihis year undersection 144(21 ot the Charities Aci 2011 {Ihe 201 l A¢t)and that an independent examination is needed. It is ]ny responsibility to.. examine the accounts undersection 145 of the 2011 Act; folloiv the procedures laid dowu in the General Directions given by the Charity Conunis5itsn undersection 14515) Ib) of the 2011 Act,. and state wl)etlier particular matters have come to my attention. Basis of independent examiner's report My cxamination wa% carricd out in accordancc with thc CJcncral Dircctions givcn by thc Charity Commission. An cxamination incliidc% a rcvicw of thc accounting rccords kcpt by thc charity and a compari%on of thc accounts presented with those records. It also includes Consideration of any unusual items or diqcloqures in the ac¢ounts, and seeking explanations from you as trustees ¢onLerning any such rnatters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as 10 ivhether the accounts present a true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no Tnattei has come to my attention.. (l) which gives me reason)ble cause to believe that in any rnaterial reqpect the requirements.. to keep accountiiig records iii a¢coidan¢e withsection 130 of the Act,. and to prepare account5 which accord wth the accounting recoTds and coinply with the accounting requirernents of the 2011 Act have not been met; or {2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 37 Shiplthy Lane Torquay Dcvon Vinc¢nt & Co A0llntants 19th October 2022 TQ2 7DU Page I

Living Waters Pentecostal Chureh known as Living Waters Assemblies of God Statement of Fillancial Activities for the Year Ended 31 March 2022 Unrestricted Restricted Total Funds Total Funds Funds Funds 2022 2021 Note IncomlnE resourees InLumin¥ resouTLts frtsin ¥tneiated funds Donations and legacies Ineoine from other trading activities Totsl incoming resources 124.388 13,014 137.402 131,038 18 124,390 13,014 137.404 131,056 Re50urce5 expeThded Cost of operations and overhead expenditure'.- All ndS expended Totsl resources expended 141,381 141,381 11,768 11,768 153,149 153,149 137,714 137.714 Net inovemaits in fund5 (16.991) 1,246 115,7451 16,658} Reconciliation of funds Totsl funds broughi forward Total funds carried forward 299,729 282,738 12,736 13,982 312,465 296,720 319,123 312,465 Page 2

Living Waters Pentecostal Chureh known ay Living Waters Assemblies of God Balance Sheet as at 31 March 2022 2022 2021 Note Fixed a55et5 Tangible as%ets 275,815 280,240 Current #ssets Debtors 6,298 18,643 24,941 3,149 32,116 35,265 Cash at bank and in hand Creditors: Amounts falling due within nne year 10 14,035) 13.0401 Nct currcnt a%8ct 20,906 32,225 Net assets 296,721 312,465 The funds of the charity: Rcstrlctcd funds 13,982 12,736 UDre5tricted funds Unrestricted inconie funds 282,7.38 299,729 Total charlty funds 296.720 312,465 The financial siatemenls have been prepared in accordance wilh ihe Financial Reporting Standard for Smaller Entities Approved by the Board on 1st November 2022 and signed on its behalf by.. Trustee.. Page 3

Living Waters Pentecostal Church known as Living Waters Assemblies of God Notes to Financial Statements for the Year Ended 31 March 2022 Accounting policies The financial statements. have been prepured in accordance with the Statement of Recommended Practice applicable to chatities preparing their accounts in dccordance with the Finaiicial Reporting StandaTd for S1]er Entities (Charitie5 SORP FRSSE) {effective l Januaiy 2015) and applicable accounting stsndards. The financial statements have been prepared under the historical Cost convention. The financial statements include all transactions, assets and liabilities for ivhich the PCL is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are inlornial gatherings ofchurch members. Fund aeeounting poliey Unrestricted income fidS are general funds that are available for use at the trnstees, discretion in ftirthcrancc of thc objcetivcs of thc chariry. Rc%trietcd fund% arc th0.e donatcd for llsc in a particlllar area or for specific purposes, the use of which is restricted to that area or purpose. Further detsils of each fund ale disclosed in note 13. Incoming resources Dunations Ltre reLv¥nised wheie there is entitlement, Lertdinty uf receipt the d]nount be tnea5ured with sufficient reliability. Incoming resources froin tax reclaims are included in the statement of financial activities at the saine time as tlie gift to wliicli they relate. Resources expended Grants and donation5 are accounted for when paid over, or ivhen awaTded. if that award creates a bindit]g or constructive obligation on the PCC. The diocesan parish share 15 accounted for when paid. Expcnditurc ]% gcncrally rccogniscd whcn it is incurrcd and is accountcd for gross. Fixed assets IndiidUal fixed assets costing £0 or more are initially recorded at cost. Depreciation Dcprcciation is providcd on tangibl¢ fJx¢d ass¢ts so as to writc off thc cost or valuation, Icss any estimated residual value, over rheir expected usefvl economic life as follows.. Plant and machinery 20 /0 reducing balance Page 4

Living Waters Pentecostal Church known as LiTrryng Waters Assemblies of God Notes to Financial Statements for the Year Ended 31 March 2022 Operating lease5 Rcntal8 payahle under operating leases are Charged in the statement of financial a¢tivities on a straight line basis over the lease terni. Donations and legacies Unrestrlctcd Rcstrieted Total Funds Total Funds Funds Funds 2022 2021 Committed giving Gift Aid donations 75,274 34.368 14,627 13.014 88.288 34,368 14,627 62.397 49.216 12,252 7,052 120 Gift Aid tax rc¢laimcd Job Rentention Grant Other 120 120 124.389 13.014 137,403 131,038 Income from other trading activities Unrestrieted Restri¢ted Total Funds Funds Funds 2022 Total Funds 2021 IntertSt O]1 Lih deposits 18 18 Page 5

Living Waters Pentecostal Church known as Living Waters Assemblies of God Notes to Financial Statements for the Year Ended 31 March 2022 Expenditure on raising fud5 Unrestricted Restricted Total Funds Funds Funds 2022 TotAI Funds 2021 Dlrect costs Fundrdibin¥ Lusts Einpl0enI costs Establishinent costs Repairs and maintenance Telepl)one and fax ComputeT expenses Offjce expenses Subscriptions Ministry expenditure Ei'dnuelism and Outreach expenditure Sundry and other cost5 Cleaning Motor expenses ALLounld]ILy f¢es LebFal and professional fees Bank charges Insurance Depreciation of tangible fixed asse(s Advertisin¥ and website 14,151 67,607 1,807 2,031 3,360 1,071 4,025 9,938 11,918 5,256 794 7,996 73,570 4,112 7,812 3,284 67.607 1,807 13,798 3,360 1,071 4,025 9,938 11,768 3.494 11,716 513 5,256 794 5,259 2.371 4,085 320 1,780 613 1,780 613 480 337 480 337 480 91 91 64 1,473 4,426 10,223 1,473 4,426 10.223 153.149 5,533 5,999 137,714 11,768 Trustees remuneration and expenses Tntee Remuneration Mr A Williams 42,131 21,817 Mrs S Williams Net (outgviDg)linLoming resources Net {outgoingl/incoming resources is stated after charging. 2022 2021 Dcprceiation of tangiblc fixcd a%scts 4,426 5,533 Page 6

Living Waters Pentecostal Church known a5 Living Waters Assemblies of God Notes to Financial Statements for the Year Ended 31 March 2022 Employees, remuneration Thc av¢ragc numbcr of p¢rsons ¢mploycd by th¢ charity {including trust¢¢s) during thc y¢ar was as follows.. 2022 2021 Charitable activities Th¢ agwgatc payroll ¢o$ts of th¢sc p¢rsons WC as follows.. 2022 2021 Wages and salaries 67.607 73,570 Page 7

Living Waters Pentecostal Church known as Living Waters Assemblies of God LNotes to Financial Statements for the Year Ended 31 March 2022 Tagible fixed asset5 Freehold interest in land and bllilding5 (including heritage assets) Fixtures Fitting5 & Equipment Total Cost As at l April 2021 Additions 258,110 138,518 396,628 As at 31 March 2022 258,110 138.518 -396.628 Depreciation As at l April 2021 Charge foi tlie year As at 31 March 2022 116,388 4,426 120.814 116,388 4.426 120,814 Net book value As t 31 MkLrLh 2022 258.110 258,110 17.705 22.130 27.f,815 280,241 As at 31 March 2021 Debtors 2022 2021 Debtors 6,298 Othei debt015 Prcpa)qncnts and accrucd incomc 6,298 3,149 10 Creditor5: Amounts falling due within one year 2022 2021 Creditors 430 913 Oth¢r crcditOTS Accruals and deferred income 2,633 972 4,035 1,635 492 Page 8

Living Waters Pentecostal Church known as Living Waters Assemblies of God Notes to Financial Statements for the Year Ended 31 March 2022 Related parties Controlling entity The chatity is controlled by the ttustees. J2 Analysis of funds At l April 2021 Ineomin Rcsourccs cxpended At31 March 2022 rcsourecs General Funds UnrestTlCted funds 299.729 124,390 141,381 282,738 Other Funds Restricted funds 12,736 13,014 11,768 13,982 312.465 137,404 153,149 296,720 13 Net assets by fund Vnrestricted FuThds Total Funds 2022 Total Funds 2021 Tangiblc a*sct Current assets Creditors: Amounts falling due within one year 275,815 24,941 (4.035) 275,815 24,941 (4,035) 280,240 35,265 13,040) Net assets 296,721 296,721 312,465 Page 9

Living Waters Pentecostal Church known as Living Waters Assemblies of God Statement of financial activities by fund Year Ended 31 March 2022 Unrestricted income fund 2022 Unrestricted income fund 2021 IncomlnE resourees InLumin¥ resouTLts frtsin ¥tneiated funds Donations and legacies Activities for gellerating fund$ Totsl incoming resources 124,389 129,460 18 124,391 129,478 Re50urce5 expended Costs of gcnerating funds Costs of generating voluniary income Total resources expended 141,381 135,059 135,059 Net movements in fund5 (16,990) {5.5811 Reconclllatlon of funds Total lunds brought ftstward Total FLdS Caled forward 299,729 282,739 305.310 299,729 Page 10

Living Waters Penteeostal Church knoiTrn as Living Waters Assemblies of God Statement of fillancial activities by fund Year Ended 31 March 2022 Restricted income fund 2022 Restricted income fund 2021 Incoming resources Incomin¥ resouTce5 from ¥enerated funds Voluntary incotne Activities for genernting funds Total incoming resources 13,014 1,578 1,578 Resnurces expended Co%ts of generating funds Costs of generating volun(ary incorne Total iesouTceb expended 11,768 11.768 2,655 2.655 Nct movcm¢nts in funds 1,246 (1,0771 Reconciliation of funds Total fvnds broU]t fOard Total funds carri¢d forward 12,736 13,982 13,813 12.736 Page 11

Living Waters Pentecostal Church known a5 Living Waters Assemblies of God Statement of financial activities comparatives for the Year Ended 31 March 2022 Unrestricted Restricted Total Funds Funds Funds 2021 IncomlnE resourees InLumin¥ resouTLts frtsin gtneiated funds Donations and le¥acies Job Retention Grant Activities for generating funds Total incoming resources 122,408 7.052 18 1.458 123,866 7,052 138 120 129,478 1,578 131,056 Resources expended Costs of ¥enerdting voluiitdry funds Totsl resouTce5 expended 115,059 135,059 2.655 2.655 137,714 137,714 Net movements in funds 15,581} {1.077) (6,658) Reeonciliation of funds Total funds brought forward Totsl ndS Carried fonvard 305,310 299,729 13,813 12,736 319,123 312,465 Page 12