LIVING WATER u￿ED FELLOWSH ANNUAL REPORT AND STATEMENf OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 CHARITY REGISTRATION No: 1056514 JLJW Accountancy 1492 Pershore Road Stirehley Birniingbam B30 2Nr LIVING WATER UNfTED FELLOWSHIP CONTENTS Pag¢ 3 Legal and Administrative tnfortnation Page 4 tndependent Exominer's Report to the Trustees Pag¢s 5 to 6 Tn]stee$' Report Page 7 stsi¢rn¢nt of Receipts and Payments Page 8 StstemeDt of Assets and Liabilities Page 9 to 10 Not¢5 to the Accounts LIVING WATER UNITED FELLOWSIUP LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER 1056514 PREVIOUS NAME Abutthi Life Full Gospcl Church NEW NAME FROM MAY 1015 Living Wat¢r Uniwi Fellowship START OF FINANCIAL YEAR IM January 2021 END OF FINANCIAL YEAR 3 l# Dec¢tnbcr 2021 TRUSTEES AT JIST DECEMBER 2021 SeoLt Beverley Brian Davi5 w￿l¢r Lloyd Karl Guest David Lynes Th¢ eKiSting iru5tee5 appoint •ny ftew &ustees following ihe provisions laid out in ihe Charity's gov¢rnin8 in5tNment. MINISTER Sinjation ¥acatLt GOVERNING INSTRUMENT Deed of Trustdated I ith June 1996. as amended on gh April 2014. OKIECTS 11 The advaTrcetncnt of the Christian faith including but without limiting the generality of the foregoing by promoting the wotship of God and Christian InstnJction. 2) The relief of Sickness #nd povery. 3} To propagaie th¢ Chri51ian faitlL 10 help the ne¢dy. dI￿ble￿ the poor. to provide hornes for the hotnele4 cornmunity ccntr¢5 and ¢hurch buildings where need¢(L to provide work opportunitie5 for the unemployed. This object 15 not only k)¢ai. but National and Worldwide CORRESPONDENCE ADDRESS The Tru5tc¢s The Church Hall Auxerrc Avenue Greerllands Redditch B98 7QT PRIMARY BANKERS Natiorwi Westmirt5tcr Bank PIC Church Gr¢en Ho Rcdditrh Worcester B98 8DG INDEPENDENf EXAMINER Kimberlq Wajsh KJW Accountancy 1492 Per5hore Road Slirchley Birniingtlam B302NT INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS R￿￿ tothe trus¢¢softhe Ltying Water United Fellowthip on thettcciNJnts for the yearended 315t Deceml*r2021 sd oui on pages 5 to 10. Respective respon5ibilrties of trustees and examtoer The charity's trustees con5i(kr that an audit is not Wulr￿ for this year (utLder section 144(2) of the Charities A 2011 {th¢ Act)) and that an ittyndent exatnination is Thethl. It i8my responsibility ro.. examine the atcounts (undeT section 145 of the A¢ as aMe[￿ed￿ follow the pro¢￿u[eS laid ll) the General D￿etti￿n$ triv¢n iy the Ciwity Commission (under seclion 145(5}Ib) of the Ac¢ agamendedl, atMI to slate whether particular matters have come to myatrentiOtL My examitM(ion caTried out itl accordance with General Directions given by Charity Commissioners. An ¢xamination (nclth a Teview of the accounting records kept tytheorganisaiion and a comparison ofthe a￿ounts presented with those record& ttakn includes consideration of unusual IMLS or disclosures the xcowits and seeking explanations from the tn￿teeS concerning any yjch matt¢T& The pro¢edures undertaken th not rKovide ati the evidence that wouH required oi an audi¢ consequently ￿>0P￿li￿ is given & to whether the accounts presenia knue aJKI fair Yiew report ts lirnitedto those matters set oui nthe siatetnent Ixiow. Independenl e¥arniner'$ 5tatetTheRt In the course of my examination, no matter has Come to my atterttio L I￿￿ich gives me ffasonablecaLLse kn IKlieve thal many material respe¢ the ￿￿SteeS have not rn¢t th¢ reqU￿et￿cnts to ensure thatr. proper accouniing rttords are kepr (in accordance with section lio of the Act); and accounts are pr¢pared which agree with the accounting re¢ords and comply with the accounting requirements of the A¢L or Z To which. in my opinion, attenti¢)n should be thawR in order to enable a prO￿r understanding of the accounts to ix reached. KJW Accountancy 1492 Per5hore Road Stirchley Birniingham B30 2NT Z211(5I2q LIVING WATER UNITED FELLOWSHIP TRUSTEES REPORT FOR THE YEAR ENDED 31st DECEMBER 2021 CHURCH STRucfuRE There ar¢ the following persons.. A General Overseer. Two Treasurers (main & 5UPPOrting). FLveTruste¢$. All of whotn fom a management cotntnittee to discuss Yariou5 i55ues and fom decisions. AIN CHURCH AcrivrTIES W¢ekiy Sunday services. Weekly Sunday schLY)I. Weekly prayer meetings. Weekly worshiplpractice meetings. Weekly work paty for church cleaning, decoration and general maintenance. Communiry OUrre￿￿ Work. DONATIONS During the year ended i l December 2021, the church made a donarion of £1,000 to the family of iiachel Tutner. who had been a member of Living Water Unil¢d Fellowship. following her death from CoYid-19. OTHER MATTERS: Payments to Tru5tee5 No Paym￿ts have MadetoT￿eesOfthe thurch otherth8n the re￿ntyJ￿enl0f PTe-authtX￿eXp￿dltsjre TKcessary forthenu)ningofth¢ ChurdL Ministers The TTr￿teeS cover the role of MiAisier on a rotational basis. Reserves Reserves are kept to a minimum to cover Tnonthly commitments such as wages, rent and general rurLning of ihe buildings. Rlsk There are no m&jor financial risks foreseen al iyesait The TNstee5 have theintention that the charity should never t¢ uideficitandTh)projects are sraJted until money has fJrsttr£￿ raI￿0ver and atx)ve the tiuming costs of the charity. LIVING WATER UNITED FELLOWSHIP TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31st DECEMBER 2021 TRUSTELS RESPONSIBILITIES The Charities Act 2011 requires the trustees to prepare f￿ancial staiements for cach f￿anCIal y¢ar. In preparitw those fmancial ststetnents the trustees are required to: Select suitsble accounting w>licie5 and appty them consi5t¢ntly> . Mknjudgements and esillnaks that ar¢ r¢asonabl¢ and pNdenL . Prepare fuJ8ncial statements on the goints Concern b&sis unless it ts inaFpropriate to presume that the trust will continue in existence.. . State whetherapplicable accounting 5tstMlards and statements of rec¢)mmended practice have been followe(L subjeci to any mawial departutts disc105ed and explained in the f￿ancial statements" The twstees are responsible for keeping proper accounting records, which disclose with reasonable a¢cuTa¢y at any time the financial position of the trnst. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. si￿ed on ￿half of the Tn￿leeS Brian Davis, Trustee LIVING WATER UNtTED FELLOWSHIP STATEMENf OF RECEIPTS AND PAYMENTS AS AT 31st DECEMBER 2021 UrLr¢stri¢ted Funds Restricted Funds Totsl 2021 Total 2020 Notes RECEIPTS Voluntary Receipts Invesllnent Incotne 2(a) 2(b) 26,369 26J69 33.036 TOTAL RECEIPTS 26 26J70 33.037 PAYMENTS: Cosi of Charitable Activities 3{a) 3(bl 23,517 500 23517 19,555 1.000 Governance Costs TOTAL PAYMENTS 24017 24.017 NET JNCOMINGI(OUTGOING) RESOURCES 2,352 2J53 12.482 Balances Brought Forward 14J32 BALANCES CARRIED FORWARD l5,416 1.269 685 14J32 The Trotes on pages 9 to 10 fonn part of ihese accounts. All operations are coniinuing operations. LIVING WATER UNITED FELLOWSHIP STATEMENT OF ASSETS AND LIABILITIES AS AT 31st DECEMBER 2021 ASSETS Unrestricted Fund Restricted Fund 31-Dec-21 Total 31-Dee*20 Total C8$h FuThds: CurreTht A¢¢ount R¢5¢rye A¢counl 15,416 15,416 1,269 13,064 1,268 1.269 1,269 16,685 14J32 SSETS RETAINED FOR THE CHARITY'S OWN USE: Building Equipment 92,000 15,553 I07.553 92,000 92.0(h) 107 i)3 107.553 LIABILITIES Mortgage 15.609 TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS Charity law requires the Tn￿teeS to prepar¢ f￿anCial slatemenls for each financial year which comply with the regulations set oul in the Charities Aet 2011. The Trustees have elecred to take advantage of the provi5ioThs thai apply to small charities and have p￿pared a Receipts and Payments Accounts and Statement o( Assets and Liabilities which are set out on pages 7 to 8. Approved by ihe T￿￿tee3 on the Signed on thelr behllif by . Brian Davis. Trustee LIVING WATER UNITED FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2021 I. BASIS OF ACCOUNTING The accounts have been prepar¢d under ihe-Receipts and Payments- basis as prescribed by the Charity Commissioners and meet the appropriate legal requirements. 2. RECEIPTS Unrestricted Funds Restricted Funds Total 2021 Tolal 2020 a) Volurttary Receipts Gift Aid Gifts, Tithe5 & Offerings 2,495 23.874 2,49) 23.874 4,606 28.430 26J69 26J69 33.036 b) InYe5trnent Incorne Bank Interest 3. PA YMEiwrs Unr¢stri¢ted Funds R¢stri¢ted Funds Total 2021 Totsl 2020 a) Cost ofcharilable Attlvlties Building Maintenance Donations 77 6.800 77 8(Kl 460 1.000 2.479 453 7.723 6.730 50 660 19J55 HMRC (T￿ & Nl) Insurance & Licenses Mortgage iiepayments Salaries & Wages Professional Fees Utilities 462 15.955 462 15,955 223 223 17 23 b) Goyerrthnce Costs Indep￿dent Examination 500 5( 10 LIVING WATER UNITED FELLOWSHIP NOTES TO THE AccouNfs (Continued) FOR THE YEAR ENDED 31¥t DECEMEBER 2021 R￿luCTED FUNDS Balance 01-Jan-2021 Balance 31-Dec-21 Income Expendinlre Extension Fund 1,268 1.269 Child Sponsorship Gospel on the Green 1.268 I,269 The reStric￿d filnds are wholly represented by c&%h r¢s¢r¥es of the charity. S R&STRlCtED FUNDS The Trustees have set up a fund in which to raise funds to build an extensioTh to th¢ Church building. Nothing was donated ￿ this fund during the year and £1 was received in inierest. & IUSK ASSESSMENT There are no major risks foreseen at present. The Truste¢s have the intenrion that the charity should never be in deficit and no projects are started until money has r￿St been raised over and above the running costs of the charity. 7. RESERVES POLICY R¢s¢Tv¢5 are k¢p( io a minimum to eover monthly commitments such as wage4 rent and generdl running of the buildings. & PUBLIC BENEFIT The charity acknowledges it has a requirement ￿ demon51rate clearly that it mllst have charitable purposes ur'aim5' that are for the public benefit. Details of how th¢ ¢harity has achieved thi5 are provided tn the Trustee5' report. The Tru5tee5 confimi that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should uDd¢rtak¢. GtFfAID At (he year end a claim to HMRC for Gift Aid oft donations amountin8 to £4,514 was outstanding. IQ LOAN CAP￿AL The chureh r¢c¢ived a loan of £92,000 frotn Triod05 Bank in January 2008 for the purch￿ of The Church Hall. Aux¢rr¢ Avenue, Greenlands, Reddit¢h. Worcestershire. B98 7QT. This has been fijlly repaid durtng the year ending Dtrember 2021.