L I V I N G W A T E R S C H R I S T I A N C E N T R E ( L E W I S H A M T R U S T )
Registered Charity No.1058778
E n d o f y e a r R e p o r t 6 t h A p r i l 2 0 2 0 — 5 t h A p r i l 2 0 2 1
Award for services
Helrik Louw Palason Chartered Management Accountants have provided our accounts for the year showing an increase in total incoming resources bringing the total to £75,653.00, our highest ever income. Our expenditure was slightly less at £57,046.00. Our increase in incoming resources is due to large donations from our members as well as funding of £5,000.00 from The “London Community Foundation” and a grant of £750.00 from “Rushey Green Time”. Both for our Food Service.
LWCC Food Service
The Covid-19 Pandemic saw our church very active
during lockdown and beyond. Thanks to funding received from London Community Foundation, we were able to purchase and deliver food with over 30 volunteers feeding 2,738 people in total from April to July 2020. We delivered 5.5 tons of perishable food in addition to 22,751 items of ambient food and toiletries and baby items. 38 pets were also fed all during the same period. Apart from our hardworking volunteers, we would like to thank Christ the Rock Ministry,
Rushy Green Time Funding and Una Kerr Foundation for their support to our Food Service. Our church
re-
ceived the Mayor’s Award for valuable contribution within the borough’s (Lewisham) response to Covid-19. The certificate was presented to us in December 2020 along with eight badges. Our Food Service continued to be active and have been doing so since 2012. I would also like to thank Honor Oak Community Association (HOCA) for allowing us to
use the building with no charge.
Right Choice Independent School
Our church continues to support Right Choice Independent School that provides education for children with special needs. We supply cereal, milk, pasta, rice etc for their breakfast and lunch. Our members contribute the items and they are delivered to the school on a monthly basis. Pastor David has met several staff members and also some of the students on a few occasions. We are waiting on the school to provide more details so we can persuade others to give toward this cause.
6th April 2021 & beyond
Expand food sources for our Food Service
Raise funds for a newer van (ULEZ zones expanding on 25th October 2021).
Apply for funds for a driver for our Food Service
Set up LWCC Media Team to look after our website & New Social media accounts Record Sunday Teachings Visit LWCC Jamaica
Our Services
The Pandemic has forced us like many others, to do church differently. As we could not meet together, because of Covid-19, we met on line via Zoom. Our Sunday services consisted mainly of uplifting sermons giving encourage-
ment to our members and at the same time reaching out to an international audience. Recordings were made and posted to Facebook and Youtube. Our communion services were every first Sunday via Zoom. We also moved our mid-week meetings from Tuesdays to Thursdays via Zoom. This platform was used to pray with each other and also to study the
word of God, share and encourage one another. Subscription services like “Zoom” and “One Stream” were undertaken as well as some equipment bought to enable our on line capabilities. We resumed meeting again in September 2020 and bought masks, gloves, anti-bacterial wipes, hand gels and a disinfecting machine to prepare the hall for our services.
CHARITY REGISTERED NUMBER:1058778
LIVING WATERS CHRISTIAN CENTRE
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
HELRIK LOUW PALASON
CHARTERED MANAGEMENT ACCOUNTANTS 72 GREAT SUFFOLK STREET LONDON SE1 0BL
LIVING WATERS CHRISTIAN CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
| Registered Charity Number: | 1058778 |
|---|---|
| Trustees: | D N Brown |
| T Brown | |
| G Johnson | |
| M Philips | |
| Registered Office: | Huxbear House |
| Huxbear Street | |
| Brockley | |
| SE4 1EA | |
| Accountants: | Helrik Louw Palason |
| Chartered Management Accountants | |
| 72 Great Suffolk Street | |
| London | |
| SE1 0BL | |
| Bankers: | Barclays Bank PLC |
| 93 Lewisham High Street | |
| Lewisham |
LIVING WATERS CHRISTIAN CENTRE
FOR THE YEAR ENDED 5 APRIL 2021
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 |
| Independent Examiner's Report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes | 6 |
LIVING WATERS CHRISTIAN CENTRE
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2021
The Trustees present their report and the financial statements of the charity for the year ended 5 April 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the charity.
Structure, Governance and Management
Governing document
The charity is governed by its Trust deed dated 17 September 1996
Trustee induction and training
New Trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the commitee and decision making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Organisation
A board of trustees of up to 15 members, who meet quarterly, administers the charity. There are sub-committees covering development, membership, finance and audit. A Chief executive is appointed by the trustees to manage the day-to-day operations of the charity.
Risk policy
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Volunteers
Many volunteers give up their time to help at the branches, particularly at weekends and in the evenings. We are greatly indebted to these volunteers for their committment and support.
Objectives and activities
The principal activity of the Living Water Christian Centre is that of charitiable works for public benefit.
Financial review
Page 1
LIVING WATERS CHRISTIAN CENTRE
TRUSTEES' ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 5 APRIL 2021
Accounting and reporting responsibilities
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed,subject to any departures
disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 15th October 2021 signed on its behalf by:
..................................................... D N Brown Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LIVING WATERS CHRISTIAN CENTRE
FOR THE YEAR ENDED 5 APRIL 2021
I report on the accounts which are set out on pages 4 to 9
Respective responsibilities of the Trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether 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
........................................ Dated:15 October 2021
Helrik Louw Palason Chartered Management Accountants 72 Great Suffolk Street
London
SE1 0BL
Page 3
LIVING WATERS CHRISTIAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
| Income and endowments from: Donations and Legacies Other income Total income and endowments Expenditure on: Raising funds Other Total resources expended Net movement in funds Total funds brought forward Total funds carried forward |
FOR THE YEAR ENDED 5 APRIL 2021 Total Total Unrest'd Funds Funds Funds 2021 2020 £ £ £ 69,489 69,489 74,092 6,164 6,164 25 ––––––– ––––––– ––––––– 75,653 75,653 74,117 ––––––– ––––––– ––––––– 30,646 30,646 30,709 26,400 26,400 26,399 ––––––– ––––––– ––––––– 57,046 57,046 57,108 ––––––– ––––––– ––––––– 18,607 18,607 17,009 £ 43,353 £ 43,353 26,344 ––––––– ––––––– ––––––– £ 61,960 £ 61,960 43,353 ––––––– ––––––– ––––––– |
|---|---|
All income and expenditure derive from continuing activities.
Page 4
LIVING WATERS CHRISTIAN CENTRE
BALANCE SHEET
AT 5 APRIL 2021
| Note 2021 £ Tangible fixed assets Tangible assets 5 Current assets Debtors 6 16,381 Bank Accounts 44,631 ––––––– 61,012 Creditors Amounts falling due within one year 7 513 ––––––– Net current assets Total assets less current liabilities Net assets Capital funds Unrestricted funds Total funds |
2020 £ £ 1,461 9,147 32,799 ––––––– 41,946 541 ––––––– 60,499 ––––––– 61,960 ––––––– £ 61,960 ––––––– 61,960 ––––––– £ 61,960 ––––––– |
£ 1,948 41,405 ––––––– 43,353 ––––––– £ 43,353 ––––––– 43,353 ––––––– £ 43,353 ––––––– |
|---|---|---|
Approved by the trustees on 15th October 2021 and signed on its behalf.
................................................... D N Brown
The annexed notes form part of these financial statements.
Page 5
LIVING WATERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
1. Accounting policies
The financial statements are prepared under the historical cost convention (as modified by the revaluation of certain assets) and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice : Accounting and Reporting by Charities (SORP 2005) issued in March 2005.
Cashflow statement
The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 25% reducing balance basis
2. Income
| Unrest'd | Total | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| 2021 | 2021 |
20220 | |
| £ | £ | £ | |
| Donations and legacies | |||
| Tithes and offerings received | 55,882 | 55,882 | 59,626 |
| Income tax recoverable | 13,607 | 13,607 |
14,466 |
| –––––– |
–––––– |
–––––– | |
| 69,489 | 69,489 | 74,092 | |
| –––––– |
–––––– |
–––––– | |
| Other income | |||
| Bank interest received | 14 | 14 | 25 |
| Other grants | 6,150 | 6,150 | 25 |
| –––––– |
–––––– |
–––––– | |
| 6,164 | 6,164 | 25 | |
| –––––– |
–––––– |
–––––– |
Page 6
LIVING WATERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2021
| 3. Expenditure on raising funds 2021 £ Rent and hire of church premises 5,174 Telephone and internet 2,180 Gift and donations 3,572 Other direct charitable expenses 8,758 Pension 605 Insurance 865 Administrative expenses 3,014 Travel expenses 3,255 Accountancy fees 1,801 Printing, postage & stationery 889 Training costs 46 Depreciation 487 ––––––– 4. Other costs 2021 £ Staff Salary & Employers NI 26,400 Admin cost 1 - ––––––– |
2021 £ 30,646 ––––––– 2021 £ 26,400 ––––––– |
2020 £ 9,519 1,568 3,709 5,017 608 772 1,304 3,919 1,801 1,187 656 649 ––––––– 30,709 ––––––– 2020 £ 26,400 (1) ––––––– 26,399 ––––––– |
|---|---|---|
Page 7
LIVING WATERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2021
5. Tangible fixed assets
| Cost: At 6 April 2020 At 5 April 2021 Depreciation: At 6 April 2020 Charge for the year At 5 April 2021 Net book value: At 5 April 2021 At 5 April 2020 6. Debtors and prepayments Amounts falling due within one year: Due from other funds 7. Creditors Amounts falling due within one year:- Sundry Creditors PAYE & NIC |
Plant and Machinery £ 30,573 –––––– 30,573 –––––– 28,625 487 –––––– 29,112 –––––– £ 1,461 –––––– £ 1,948 –––––– 2021 2020 £ £ 16,381 9,147 ––––– ––––– £16,381 £9,147 ––––– ––––– 2021 2020 £ £ 112 76 401 465 ––––––– ––––––– £ 513 £ 541 ––––––– ––––––– |
|---|---|
Page 8
LIVING WATERS CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2021
8. Financial Instruments
The company had the following financial instruments:
Financial assets that are debt instruments measured at amortised cost Other debtors Financial liabilities measured at amortised cost Other creditors |
2021 £ 16,381 ––––––– 112 ––––––– £ 112 ––––––– |
2020 £ 9,147 ––––––– 76 ––––––– £ 76 ––––––– |
|---|---|---|