## **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.| 1 |||•
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.| |---|---|---| 2 |||•
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.| 3 |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.| 4 |•|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. 5 |||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: -| 6 |||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|**-**| 7 |**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.| |||| 8 ## **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.|||| 9 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)**|**Dates acted if not**
**for whole year**|**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 -----**
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-
**----- 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 10 **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** 11 Charity regI￿tratiOn 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 Stat￿￿ent of financial aetiillities Balance Sheet Nvtes tu the fI[￿ncl￿1 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 A￿0llntants 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 S￿￿1]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 fi￿dS 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 Indi￿idUal 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 Li￿h 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 fu￿d5 Unrestricted Restricted Total Funds Funds Funds 2022 TotAI Funds 2021 Dlrect costs Fundrdibin¥ Lusts Einpl0￿￿enI 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 Tn￿tee 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$ts of th¢sc p¢rsons WC￿ as follows.. 2022 2021 Wages and salaries 67.607 73,570 Page 7 Living Waters Pentecostal Church known as Living Waters Assemblies of God LNotes to Financial Statements for the Year Ended 31 March 2022 Ta￿gible fixed asset5 Freehold interest in land and bllilding5 (including heritage assets) Fixtures Fitting5 & Equipment Total Cost As at l April 2021 Additions 258,110 138,518 396,628 As at 31 March 2022 258,110 138.518 -396.628 Depreciation As at l April 2021 Charge foi tlie year As at 31 March 2022 116,388 4,426 120.814 116,388 4.426 120,814 Net book value As ￿t 31 MkLrLh 2022 258.110 258,110 17.705 22.130 27.f,815 280,241 As at 31 March 2021 Debtors 2022 2021 Debtors 6,298 Othei debt015 Prcpa)qncnts and accrucd incomc 6,298 3,149 10 Creditor5: Amounts falling due within one year 2022 2021 Creditors 430 913 Oth¢r crcditOTS Accruals and deferred income 2,633 972 4,035 1,635 492 Page 8 Living Waters Pentecostal Church known as Living Waters Assemblies of God Notes to Financial Statements for the Year Ended 31 March 2022 Related parties Controlling entity The chatity is controlled by the ttustees. J2 Analysis of funds At l April 2021 Ineomin Rcsourccs cxpended At31 March 2022 rcsourecs General Funds UnrestTlCted funds 299.729 124,390 141,381 282,738 Other Funds Restricted funds 12,736 13,014 11,768 13,982 312.465 137,404 153,149 296,720 13 Net assets by fund Vnrestricted FuThds Total Funds 2022 Total Funds 2021 Tangiblc a*sct Current assets Creditors: Amounts falling due within one year 275,815 24,941 (4.035) 275,815 24,941 (4,035) 280,240 35,265 13,040) Net assets 296,721 296,721 312,465 Page 9 Living Waters Pentecostal Church known as Living Waters Assemblies of God Statement of financial activities by fund Year Ended 31 March 2022 Unrestricted income fund 2022 Unrestricted income fund 2021 IncomlnE resourees InLumin¥ resouTLts frtsin ¥tneiated funds Donations and legacies Activities for gellerating fund$ 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 FL￿dS Ca￿led 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 fO￿ard 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 Charity regI￿tratiOn 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 Stat￿￿ent of financial aetiillities Balance Sheet Nvtes tu the fI[￿ncl￿1 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 A￿0llntants 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 S￿￿1]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 fi￿dS 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 Indi￿idUal 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 Li￿h 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 fu￿d5 Unrestricted Restricted Total Funds Funds Funds 2022 TotAI Funds 2021 Dlrect costs Fundrdibin¥ Lusts Einpl0￿￿enI 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 Tn￿tee 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$ts of th¢sc p¢rsons WC￿ as follows.. 2022 2021 Wages and salaries 67.607 73,570 Page 7 Living Waters Pentecostal Church known as Living Waters Assemblies of God LNotes to Financial Statements for the Year Ended 31 March 2022 Ta￿gible fixed asset5 Freehold interest in land and bllilding5 (including heritage assets) Fixtures Fitting5 & Equipment Total Cost As at l April 2021 Additions 258,110 138,518 396,628 As at 31 March 2022 258,110 138.518 -396.628 Depreciation As at l April 2021 Charge foi tlie year As at 31 March 2022 116,388 4,426 120.814 116,388 4.426 120,814 Net book value As ￿t 31 MkLrLh 2022 258.110 258,110 17.705 22.130 27.f,815 280,241 As at 31 March 2021 Debtors 2022 2021 Debtors 6,298 Othei debt015 Prcpa)qncnts and accrucd incomc 6,298 3,149 10 Creditor5: Amounts falling due within one year 2022 2021 Creditors 430 913 Oth¢r crcditOTS Accruals and deferred income 2,633 972 4,035 1,635 492 Page 8 Living Waters Pentecostal Church known as Living Waters Assemblies of God Notes to Financial Statements for the Year Ended 31 March 2022 Related parties Controlling entity The chatity is controlled by the ttustees. J2 Analysis of funds At l April 2021 Ineomin Rcsourccs cxpended At31 March 2022 rcsourecs General Funds UnrestTlCted funds 299.729 124,390 141,381 282,738 Other Funds Restricted funds 12,736 13,014 11,768 13,982 312.465 137,404 153,149 296,720 13 Net assets by fund Vnrestricted FuThds Total Funds 2022 Total Funds 2021 Tangiblc a*sct Current assets Creditors: Amounts falling due within one year 275,815 24,941 (4.035) 275,815 24,941 (4,035) 280,240 35,265 13,040) Net assets 296,721 296,721 312,465 Page 9 Living Waters Pentecostal Church known as Living Waters Assemblies of God Statement of financial activities by fund Year Ended 31 March 2022 Unrestricted income fund 2022 Unrestricted income fund 2021 IncomlnE resourees InLumin¥ resouTLts frtsin ¥tneiated funds Donations and legacies Activities for gellerating fund$ 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 FL￿dS Ca￿led 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 fO￿ard 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