CIIARITY REGISTERED NUhlBER.'1058778 LIVIN. G IVATERS CHIUSTLKN CEYI TRE TRUSTEES, REPORT AND FllYANCL4L STATEMEf4TS FOR YEAR ENDED 5 APRtL 21124 PALASON LTD CIiARTERED MATr4AGEhlENT ACCOUNTANTS . FLOO BECKET HOUSE 36 OLD JEWRY LOIYDON EC2R
LIVING WATERS CHRISTtAN CLNTRE LEGAL ADMINTSTRATIVE QYFORMATIO Registered Charity Number: 1058778 Trllstee5: D N Brovm T Brown G Jobnson M Philips Registered Offiee: Huxbe4r House Huxbear Street Brockley SE4 IEA Aeeountsnts: Palason Ltd Chartered Management AccounLgnts 8th Floor, Becket House, 36 Old Jewry> 2R 8DD Bankers: Barclays Bank PLC 93 I$1 High Street Lewisljam
LIVING WATERS CHRtSTLIN CEwfRE FOR THE YEAR ENDED S APRIL 2024 CONTENTS Page Tntr¢s report Ind¢pendent Examtn&8 Report Statement of financial activities Balance sheet Not&$
LIVllYG WATEiiS CHRISTIAN CENTRE TRUSTEESI ANNUAL REPORT FOR THE YE4R ENDED S APRtL 2024 The Trustees present their report and the fmancial statements of the chazity for th¢ year ended 5 April 2024. The trustees have adopted the provisions of th¢ Ststement of Recommend¢d Prdctice ISOIITr) "Accounting and Reporting by Cbarities" (FRS102) in preparing the awiual report and fu1¢la1 statements of the charity. Structure, Govern9nee and Management Gov¢rning document The charity is govemed by its Trust deed dated 17 September 1996 Tstee induction and training New TnL8tees undergo an orientstion day to brief them on their legal obligations uttder charity and company law, the content of the Memoranthl and kni¢les of Associatio the wmmittee and decision tnaking processe4 the business plan and recent financial perfornlance of the ¢barity. During the induction day they meet key employees and other lrnstees. Tntee$ are encouraged to atteDd appropriate external training eveDt$ where these will faciliiate the undertaking of their role. Organization A board of trnstee8 of up to 4 member5. who meet twice yearly. administers the charity. There are sub-comtnittees covering d¢v¢lopment, membership, fllwice and audiL A Chairnian is appoint by the trustees to manag¢ the day-to-day operntioos of the ¢harity. Risk p)licy The trustees have examined the major strategic, l)usiness and Operation risks which the chlty faces and confinn that systcms have been established to enable re£ular reports to be produced so that the necessary steps can be taken to les8en these risk8. Volunteers Many volunteers give up their time to help at the branches? partiwlarly at weekends and in the ¢v¢niogs. We are greatly Indeb to these volullteers for their commltment and support. Objectives and activities The principal activity of the Living Water Christian Centre is that of clwitable work5 for public benefit. FinancAal revfiew Page
LlVtNG WATERS CHRtSTIAN CENTRE TRUSTEES. ANLYUAL REPORT (Continued) FOR THE VEAR ENDED S APRIL 2024 Accounting and reporthig responslbilitles The law applicable to charities in England and Wales requires the trusfres to prepare financial statements for each fillcIal year which give a tnle and fair view of the charity's fuwicial activities during the year and of its nancial position at the end of the year. In prepari1 financial ststements giving a true }d fair view, the trnstees should follow best practice and: select suitable accounting policies and apply them consistently" make judgements and estimates that are reasonable alld PTud¢n4 stsle whether applicable accounting 8tandards and statements of reLommended prdctice have been followe subject to any departures disclosed and explained in the financial statements. and prepatt the fula1 stateJJThts oo a going concern basis unless it is inappropriate to presume that the Rwity will continue in exist¢nrK. The tnt¢e5 aTC reSnSIble for keeping pri)per accounting records which disclose with reasoDable accuracy at any tim¢ the financial position of the thlty and enable them to ¢te that the financial statements comply with the Charities Act E993. They arc also respons]ble for 8afeguardiDg the assets of the charity and hence for taking reasonable steps for th¢ PventIon and detrction of fraud and other imgularities. Approved by th¢ trustees oa 4th Novernbcr 2024 8i8n¢d on its behalf by: D N Brown Trustee Page 2
INDEPENDENT EMmI.ER's REPORT TO THE TRUSTEES OF LIVING WATERS CHRISTIAN cKwr.RE FOR THE YEAR ENDED S APRIL 2024 I report on the accounts whicRL are set out on pages 4 to 9 Respective responsibilities of the Trustees and ewlner 'rhe trustees ate responsible for the preparation of the accounts. The trustees consid¢r that an audit is not required for this year under section 144(2) of the Clwities Act 2011 (the 2011 Act) aod that an independent examination is n¢eded. It is my responsibility to: Examine the accounts under section 145 of the 2011 ACL follow the proceth]res laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act)" and state wheth¢r particular matters Jwe come to my attention. Basis of independent examiner's report My examination was caTTied out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting TcGords kept by the ¢harity and a comparison of the accounts presented with those records, It also includes consideration of any unusual items or disclosures in tbe accounts and seeking explanations from you as trustees con¢¢rning any such matt¢rs. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently no opinion is given as to whether the accounts present a "Inie and fair view" and the report is limited to those matters set out in the 8tatement below. Independent examlner's statement Dat¢d:4 November 2024 Palason Ltd 8th Noor, Becket House 36 Old Jewry London EC2R 8DD Page
LIVII¥4G WATERS CHRtSTILN4 CENTRE STATEMEIIT OF FAL¥C1AL ACTIVITIES LNCLUDINC INCOME ANID E.XPENDITURE ACCOUNT FOR THE IT.4R ENDED S APRIL 2024 Total Funds 2024 Total Funds 2023 Unrest'd Funds Income and endowments from: Donations and Legacie8 52,626 52,626 55,682 Other income 12,893 12,893 10,889 Total income and endowm¢nts 65,519 65,519 66,571 Expenditure on: Raising funds 41.054 41.054 45965 Other 26.400 26.400 26,400 Total resources expended 67.454 67,454 72,365 Net ULovement in funds (1,935) (1.935) (5,794) Total funds brought forward £ 58,487 £ 58.487 64,281 Total funds &grried fornard £ 56552 £56552 58.487 All income and exkXnditse derive from contiauing activities. Page 4
LIVING WATERS CHRISTI.4N CEYniE BALANCE SHEET AT S APRIL 2024 Note 2024 2023 Tangible 1Sxed Awts Tangiblc assets 10,734 14,312 Cllrrent asset8 Debtors Bank Ac¢ounts 5243 40,684 15,833 28.451 45,927 44284 Creditors Amounts falling duc within one year 109 109 Net ¢urrent assets 45,818 44,175 Total assets less current liabilitie5 56,552 58,487 Net 855et$ £ 56,552 £ 58,487 Capital funds Unr¢stri¢ted funds 56.552 58,487 Total funds £ 56,552 £ 58,487 Approved by the tru8tees on 4th Novcnther 2024 and Sied on its behalf. The annexed notes forni part of th&qe fmallcial staiernents. Page
LIVIiYG WATERS CHRISTIAN CF.NTRE NOTES TO THE FINANCIAL STtlTEMLNTS FOR YEAR ENDED 5 APRIL 2024 Accounting policies The financial statem¢nts are prepared under the historical cost convention (as modified by tbe revaluation of certain agsets) and in a¢cordan¢e with the Financial Reporting Standard for Smaller Entities (Effective April 2008). The thtsncial statements have been prepared in accordance with the Statetuent of RKon]mended Practice: Accounting and Reporting by Charities (SORP 2005) issued io March 2005. casIoW statement The Compolly has taken advantage of the exemption in Fijwicial Reporting Standard No.1 from the requirement to produ¢e a cashllow ststement on the grounds that it is a small company. Illcomlng resources All incoming resources are included in the SOFA wben the thazity is legally entitled to the income and the amount can be quantified with reasonable accura. Tangible fixed assets and depreciation Tangible fixed assets are stated at Cost less depreciatioL Depreciation is provided at rates cal¢ulated to write off the cost or valuation of fixed assets, less their estimaled residual valuc, over their expe¢ted u5efid lives m the following bases: Plant and machinery 250/0 reducing balance basis. Income Urt'd Fund3 2024 Total Funds 2024 Total Funds 2023 Dollations and legacies Tithcs and offerings receivcd Income tsx recoverdble 42.131 10.495 42,131 10,495 45,536 10.146 52,626 52.626 55,682 Other Incom¢ Bank interest recciv¢d Other grants 448 12,445 55 10,834 12,445 12,893 12,893 10,889 Page
LIVING WATERS CIIRISTIAII CENTRE NOTES TO THE Fll¥AYCIAL STATEMENTS (Continu¢d) FOR THE YfAR Ef4DED S APRIL 2024 Expenditure on ralslng funds 2024 2024 2023 Rellt and hitt of church premises Telephone and illternet Gift and donations Other direct charitable expenses Pension Insurance Administrative expenses Travel expenses Accountancy fees Printing, postage & stationery Training costs Depreciation 8.610 2.683 2.730 16.887 605 423 1.515 1,472 1801 301 449 3,578 8280 2281 4,750 16,712 605 1,835 1.050 3.693 1,801 76 112 4,770 41,054 45.965 Other costs 2024 2024 2023 Stsff Salary & Employets NI 26.400 26,400 26,400 26,400 Page
LIVLYG WATERS CHRISTIAN CENTRE OTES TO TRE FtNANCL4L STATEMEIYTS (Continued) FOR THE YÈAR ENDED 5 APRIL 2024 Tangible fixed assets Plant and Cost: At 6 April 2023 53,969 At 5 Awil 2024 53.969 Depreciation". At 6 April 2023 Charge foT the yeor 39.657 3,578 At 5 April 2024 43,235 Net book value: At 5 April 2024 £ 10.734 At 5 April 2023 £ 14312 Debtors and prepayments Arnounts falling th* within one year. 2024 2023 Due from other fiu 5243 15.833 £5,243 £15,833 Creditors Amounts falling due within one year. - 2024 2023 Sundry Creditors PAYE & NIC 109 109 109 £ 109 Page 8
L TVLNG IVATERS ClIRLSTL, CENTRE NOTES TO THE FINANL CIAL STATEMENTS (Continued) R THE ITAR ENDED 5 APRIL 2024 Finanelal Instruments The ¢oznpany had the following fmanciaj iDStnunents: 2024 2023 Financial assets that are debt instnmients easured at amortis¢d cost Other debtors 5,243 18.014 FinanGÉal liabilities measured at amortise4 Cost Other ¢dItorS 109 109 109 109
LIVING WATERS CHRISTIAN CENTRE (LEWISHAM TRUST) ChairTNstees: Pastor Dld Rrflsteind CkirftyNo.1058778 END OF YEAR REPORT 6TH APRIL 2023-5TH APRIL 2024 Finances & Funding Finances contin'd Succeded in expanding our Our website was finally sources for obtaing food upgraded and given a new for members of the public look. On going work is still taking place to ensure it is experiencing hardship. up to date in all areas. a150 received £3,000.00 from Lewisham In June 2023, we beld a local for the pwchase of Summer BBQ for the com- food for our food bank. munity. We received This was received in July £1,500.00 toward the cost to be spent over a ten week from Mayor of London- period. In addition to the Community BBQ fLU]d funding, we also cTled along with a package of out a Food Drive at Tesco various items to help us in Catford where we collected our organisation. The BBQ 534.8kg of food and toilet- was a success with ov¢r ry items. 150 people in attendance. We are still collecting food A big thank you all all who from various supernlarkets participated m making tkns via Foodiverse. day a success. Christ The We ran a Zoom Training Rock Minis- Course for our Food Ser- tri¢s donated vice volunleers ivhich cov- food and toi- ered health and safety as- letries to our pects of the Food Service &8 well as practical aspects church for ihc food Bank. of the service. We are grateful for their kindness and thoughtful- ness. Teaching/Preaching Pastor David & Pastor Joy travelled to Jamaica. They ministered at LWCC Ja- maica on the subject of relationships and answered questions from the congre- gation. They also bought and handed out to every member Crown bread, drinks and Sweets as well a5 other items to every household represented in the Sunday morning s¢r- vic¢. Th¢ Pastor and mem- bers expressed their grati- tude and appreciation. l thank God for His love strength and mercy shown toward us during the year. It has been a tying time for us all but God's prescnce bas encouraged & kept us. Helrik Louw Palason Char- tered Management Ac- countants have provided our accounts for the year showing slight crease total incom- ing resources bringing the total to £65,519.00. Our total expenses compared to last year was just under £5,000.00 less. We re- ceived another grant for £9,445.00 from the Nation- al Lottery which again helped with vehicle run- ning costs and administrative costs of running our Food Bank. In addition to this, we also 6th April 2024 & beyond Continue to expand the sources for donations to our Food Bank. Other Actlvltles Audio Recordings Our Sunday services are still being recorded via audio and uploaded to our website for free listening. Recordings may also be downloaded if desired for future listening. Stora¢Fe LikFhts We have installed lights for the storage area where our Food Bank and chch items are stored. The area was not w¢ll lit and Called for the us¢ of other lighting which was not suffictent. The work was done with the approval of the office manager and is working perfectly. Barclays bank We have submitted docll- ments for updating OUT bank aOllnt details to Barclays. The process is ongoing and bopefully is near completion. We are Ivaiting for Barclays to update us on the progress. Run Food Drives with the supermarkets for obtaining food for our Food Bank. Apply for grants for our buying food and covering cosls for our the running of our food bank. Apply for a grant for our Summer Community BBQ. Begin to look for sources of obtaining toys for our Christmas Service. *BARCLAYS