LIVING WATERS CHRISTIAN CENTRE (LEWISHAM TRUST) ChalrTruste8s'. Pastoroavl Brown Reosterod ChadtyNo.1058778 END OF YEAR REPORT 6TH APRIL 2021-5TH APRIL 2022 Funding opportunities Flnances Contln'd was rttised via direct ¢on- tribtions 10 our a¢count and also via Crowdfunder. I'he van is used to transport food fTom variovs sources to our locatioii for our Food S¢i'vice which w¢ operate for members of the public. In May 2021, we r¢gistered with foodivcrse in order to collc¢t food froin super- markets lor th¢ f￿00d Ser- viee, We would likc to thaiik Tes¢0 CToydon for donations ol- foo(l and loys: Lewishain Hiib lor ihe do. n￿li01Th of an uprigiht fridge as well as the Ariiold Clark Commiinity Fund for do- nating £l.000.00 io us for the PUT- were success- Rlght Cholee Ind¢pend- ent School Our Church continued to support Right Choice Inde- pendent School with cereal, milk. rice and oiher food iiik £9,990,00 fur the pur- ohas¢ of an iiew Com- mcr¢ial up- I'i¥lit l.rtei£r and fridg¢ also aiid fiinds lo pay for drivers and volun. leers 10 col- food from vari- I ous sources. A portioiTr of the fllndiiig also paid for van rvnniiig costs. We ran a Zoom 'fTrining Course lor our Food Ser. vice volunteeis which cov- eied health and sal¢ty as- pecis of thc Food Service as well a5 praLlical aspects of the service. Helrik Louw Palason Char- teTed Management Ac- counlants have provided our accounts for the year showing decrease In total Incom- in8 resources brin8ln8 the total to £67,326.00. We bought a van as our old one did not meet the ULEZ Emisslons crlterla Introduced by the London Mayor of London on 25th October 2021. We sperit £22,138.00 in total includlng vat. The costs also Included an extra year war- rantee, one years road tax, one year5 A.A. cover and item$ during this finan¢ial year. The school provides education and specialist support for children with spc¢ial neecls, Food itemg Supplied are used to ¢aLeT lor brchklast ai)d lun¢h for the .￿tudenl5. The items donated by our member are brought to the school on a monthly basis. COMMuNrrY of FUND and toy5 for oiir b'ood Service ciis- tomeTS for Christmas. We 6th Aprll 2022 & bè- yond Expand sources foi food lor our Food Setvlce Other Actlvltles Media Mlnlstry LWCC Media Ministry was set up in O¢tober 2021 to operate and Inanage our website, Facebook and Youtub¢ platforms and to video record our Sunday messages. A team of dedi- cated workers was put to- ¥ether and began to meet to discuss how the ministry should move forward. Due to technical issues, this ministry is put on hold un- til further notice. Our Sun- day messages are still be- ing recorded and placed on our websit¢ for download or direct listening free of charge. LWCC Jamgic Pastor David and Pastor Joy went lo Jamaica in February 2022. We visited LWCC Jamaica and minis- tered there. The cliurch ha5 suffered since the pand¢m- ic in tems of capacity to operate and spreading the gospel. Certain restrictions were still in place like the wearing of masks becaiise of Covid.19, however, the people are in good spirit and pressing on despite various obstacles. Run al lèast two Food Drives with Tescts super- markets. Obtain funding for the pur- oha5e of electronic devices lor our Food Service. Introduce a new sysltsm for recording and maintaining records electronically. Apply for grants to pay for individuals lo collect food for our Food Service. ## **CHARITY REGISTERED NUMBER:1058778** ## **LIVING WATERS CHRISTIAN CENTRE** ## **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 5 APRIL 2022** ## **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 2022** ## **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 2022** The Trustees present their report and the financial statements of the charity for the year ended 5 April 2022. 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 2022** ## **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 November 2022 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 2022** 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 November 2022 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 2022**
**Total**
**Total**
**Unrest'd** **Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
57,333
57,333
69,489
9,993 9,993 6,164
**–––––––**
**–––––––**
**–––––––**
67,326
67,326
75,653
**–––––––**
**–––––––**
**–––––––**
38,611
38,611
30,646
26,400
26,400
26,400
**–––––––**
**–––––––**
**–––––––**
65,011
65,011
57,046
**–––––––**
**–––––––**
**–––––––**
2,321
2,321 18,607
£ 61,960
£ 61,960
43,353
**–––––––**
**–––––––**
**–––––––**
£ 64,281
£ 64,281
61,960
**–––––––**
**–––––––**
**–––––––**| |---|---| All income and expenditure derive from continuing activities. Page 4 ## **LIVING WATERS CHRISTIAN CENTRE** ## **BALANCE SHEET** ## **AT 5 APRIL 2022** |**Note**
**2022**
**£**
**Tangible fixed assets**
Tangible assets
5

**Current assets**
Debtors
6 18,014
Bank Accounts
29,049
**–––––––**
47,063
**Creditors**
Amounts falling due within
one year
7
106
**–––––––**
**Net current assets**


**Total assets less current liabilities**


**Net assets**


**Capital funds**
Unrestricted funds


**Total funds**

|**2021**
**£**
**£**
17,324

16,381
44,631
**–––––––**
61,012
513
**–––––––**
46,957

**–––––––**

64,281

**–––––––**

£ 64,281

**–––––––**

64,281

**–––––––**

£ 64,281

**–––––––**
|**£**
1,461
60,499
**–––––––**
61,960
**–––––––**
£ 61,960
**–––––––**
61,960
**–––––––**
£ 61,960
**–––––––**| |---|---|---| Approved by the trustees on 15th November 2022 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 2022** ## 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**| ||**2022**|**2022**|**2021**| ||**£**|**£**|**£**| |**Donations and legacies**|||| |Tithes and offerings received|45,933|45,933|55,882| |Income tax recoverable|11,400|11,400
|13,607| ||**––––––**
|**––––––**
|**––––––**| ||57,333|57,333|69,489| ||**––––––**
|**––––––**
|**––––––**| |**Other income**|||| |Bank interest received|3|3|14| |Other grants|9,990|9,990|6150| ||**––––––**
|**––––––**
|**––––––**| ||9,993|9,993|6164| ||**––––––**
|**––––––**
|**––––––**| Page 6 **LIVING WATERS CHRISTIAN CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS** (Continued) ## **FOR THE YEAR ENDED 5 APRIL 2022** |3.
**Expenditure on raising funds**
**2022**

**£**
Rent and hire of church premises
7,626
Telephone and internet
2,441
Gift and donations
5,722
Other direct charitable expenses
7,883
Pension
605
Insurance
708
Administrative expenses
1,942
Travel expenses
3,966
Accountancy fees
1,651
Printing, postage & stationery
246
Training costs
46
Depreciation
5,775
**–––––––**


4.
**Other costs**
**2021**

**£**
Staff Salary & Employers NI
26,400
**–––––––**

|**2022**

**£**












38,611

**–––––––**

**2021**

**£**


26,400

**–––––––**
|**2021**
**£**
5,174
2,180
3,572
8,758
605
865
3,014
3,255
1,801
889
46
487
**–––––––**
30,646
**–––––––**
**2020**
**£**
26,400
**–––––––**
26,400
**–––––––**| |---|---|---| Page 7 **LIVING WATERS CHRISTIAN CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS** (Continued) ## **FOR THE YEAR ENDED 5 APRIL 2022** ## 5. **Tangible fixed assets** |Cost:
At 6 April 2021
At 5 April 2022
Depreciation:
At 6 April 2021
Charge for the year
At 5 April 2022
Net book value:
At 5 April 2022
At 5 April 2021
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
**––––––**
52,211
**––––––**
29,112
5,775
**––––––**
34,887
**––––––**
£ 17,324
**––––––**
£ 1,461
**––––––**
**2022**
**2021**
**£**
**£**
18,014 16,381
**–––––** **–––––**
£18,014 £16,381
**–––––** **–––––**
**2022**
**2021**
**£**
**£**
106
112
401
**–––––––** **–––––––**
£ 106 £ 513
**–––––––** **–––––––**| |---|---| Page 8 **LIVING WATERS CHRISTIAN CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS** (Continued) ## **FOR THE YEAR ENDED 5 APRIL 2022** ## 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



|**2022**

**£**
18,014
**–––––––**
106
**–––––––**
£ 106

**–––––––**|**2021**
**£**
16,381
**–––––––**
112
**–––––––**
£ 112
**–––––––**| |---|---|---|