LIVING WATERS CHURCH
FINANCIAL STATEMENTS
31 DECEMBER 2023
Company Reglslralion Number 03843080
Charlty Reglstratlon Number 1080165

LIVING WATERS CHURCH
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
CONTENTS
PAGE
Reference and Administration details
Trustees annual report
Independent Examiners Report lo the Trustees
statement of Financial Activities
Balance Sheet
Notes to the Financial Statemenls

LIVING WATERS CHURCH
Reference and Adminislration
status
Living Water5 Church is a company limited by guarantee (registration number
038430801 incorporated on 16 September 1999 and granted charitable status by the
Charity Commission under number 1080165.
Trvstees
As set out in the Memorandum and Articles of Association, the Board of Trustees must
consist of no less than *hree Trustees.
At the first Annual General Meeting all the Trustees retired from off ice, and at every
subsequent AGM one third of the Trustees retire from office. The Trustees to retire are
those who have been in place the longest since the last appointment.
A retiring Trustee is eligible for re-election.
The Charitable company can from time to time by ordinary resolution increase or
reduce the number of Trustees and determine in what rolation such increased or
reduced numbers shall go out of office. The Board of Trustees shall have the power at
any time lo appoint any person to be a Trustee. The Charitable Company may by
ordinary resolution, of which special notice has been given. remove any Trustee.
The Trustees Iwho are directors for Ihe purpose of company law} who served during
the period and since the period end were as follows:
Willem Aalbers
Ruth Fingleton
Russell Gregory
stephen Boyd lappointed 15 April 20241
Registered Offlce
23 Coleridge Vale Road South, Clevedon, BS216PE
Independent Examlner
John Panteli, FCA, Stablegrove, West Hay Road, Wrington, BS40 5NR
Bankers
Lloyds TSB, 16 The Triangle, Clevedon. North Somerset, BS216NB

LIVING WATERS CHURCH
Trustees Annual Report
The Trustees present their report and the unaudited financial Statements of the Charity
for the year ended 31 December 2023.
structure, Governance and Management
The Management Team, Trustees and Elders agree on Objectives for the year as
appropriate. This is implemented by the Management Team and volunteers from
within the church.
Investment Powers
The Company's Memorandum & Articles of Association place no reslrictions on the
investment powers of the Trustees.
The Directors
The Board of Directors, who are Truslees for the purpose of charity law, who served
during the year and up to the date of this report are set out on page l .
ObJectlve$ and Actlvities
Objects of the charity
To advance Ihe Christian faith anywhere and by any means, including the use
of written literature, tapes etc.
The relief of persons who are in conditions of need, hardship or who are aged
and sick.
Education of children and adults through. if appropriate, the formation of a
school or other institution.
Statement of publlc benefit
The Trustees have complied with their duty under section 4 of the Charities Act 2006 to
have regard to the public benefit guidance published by the Charity Commission.
Year In revlew
In 2023 the church continued to be 'on a Journey with friends to Freedom, with a
view to building relationships and serving others in the church. town of Clevedon and
across the world.
2023 was also a landmark year with Daniel and Tanya Sibthorpe stepping down from
their leadership positions as pastors of the church after over 17 years of faithful
service. The Trustees and broader congregation extend their heartfelt thanks to the
couple for everything they have contributed to the church and the community over
these many years.
Three couples have stepped up to take over the reign as leaders of the church, on a
voluntary basis. They are Pete and Kate Worthington, Dave and Clare Ackrill, and
Chirs and Clare Wilkinson.
We confinued to serve the community via The Foodbank.

Flnanclal Review
Incoming resources reduced by 12% year on year, however resourced expended also
reduced significantly, by 21 T.. This was mainly due to wages and salaries dropping to
nil following the Sibthorpes, retirement during the year. The net surplus allowed the
church to build up its reserves in the second ha5f of the year.
Grant Making Pollcy
The Charity will consider all proposals for grants that fall within its defined areas of
operation. Each grant would be for a defined period and will relate to a specific
project that encompass specific objectives that can be readily defined and
monitored.
Reserles & Investment Pollcy
The Trustees have examined the charity's requirements for reserves in light of the
main risks to the organisation. It has established a policy whereby the unrestricted
funds nol committed or invested in tangible fixed assets held by the charity should be
targeted at between one and three months of fixed expenditure.
The Trustees estimate this targeted level lo be between £5,000 and £15,000. Following
the changes to the cost base as described above, the charity's reserves is now within
this range and the Trustees will continue to monitor and manage this posltion in the
future.
As income is utilised within a short time after receipt the Trustees consider that the most
appropriate policy for investing surplus funds is to place them on short term deposit.
Responslbllltles of the Trustees
The Trustees are responsible for preparing the Annual Report and the financial
statements in accordance with applicable law and regulations.
The Trustees are required to prepare financial stalements for each financial year in
accordance with UK GAAP (UK Accounting Standards and applicable lawl. The
financial statements are required by law to give a true and fair view of the state of
affairs of the charity and of its incoming resources and application of resources of the
charity for fhat period. In preparing these financial statements the Trustees are
required to:
Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial
statements, and
Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in business
The Trustees are responsible for keeping proper accounting records that disclose wilh
reasonable accuracy at any time Ihe financial position of the charity and enable
them to ensure that the financial statements comply with the Companies Act 2006.
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.

Th15 report has been prepared in accordance with the Statement of Recommended
Practice 'Accounting and Reporting by Charities, Irevised 20051.
Registered office:
23 Coleridge Vale Road South
Clevedon
BS216PE
Signed on behalf of the Truslees
Willem Aalbers
Trustee
Approved by the Trustees on 27 September 2024.

CHARITY COMMISSION
FOR ENGLAND ANO WALES
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
Living Waters Church
On accounts for the year
ended
31 December 2023
Charity no
lif any)
1080165
Set out on pages
1 to11
I report to the trustees on my examination of the accounts of the above
charity ("the Trust") for the year ended 31112 12023.
As the charity's trustees. you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
('Ihe Act.).
Responsibillties and
basis of report
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have
examiner's statement come to my attention in connection with the examination which gives me
cause to believe that in, any material respect..
the accounting records were not kept in accordance with section 130
of the Charities Act., or
the accounts did not ac￿rd with the accounting records., or
the accounts did not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
Signe
Date:
Name:
John Panteli
Relevant professional
qualification(sl or body
(if any):
Chartered Accountant, ICAEW
Address:
Stablegrove
West Hay Road, Wrington
BS40 5NR

LIVING WATERS CHURCH
STATEMENT OF FINANCIAL ACTIVITIES (Including Income
and Expenditure Account)
YEAR ENDED 31 DECEMBER 2023
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
Year to
Year to
31-Dec-23 31-Dec-22
Note
Incomlng resources
Incoming resources from generated funds
Voluntary income
Donations
Tax Reclaimed
55,554
12,042
55,554
12,042
64,011
12,922
Total incoming resources
67,596
67,596
76,932
Resources expended
Chan'table activities
Grants payable
Costs of activities
8,920
48,791
8,920
48,791
8,920
64,103
Total resources expended
57,711
57,711
73,023
Net incomingl(outgoing) resources
net in¢omel(expenditure) for the period
9,885
9,885
3,910
Total funds at 1 January
8,235
8,235
4,325
Total funds at 31 December
18,120
18,120
8,235
The Charity has no recognised gains or losses other than the results for the period as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 8 to 12 form part of these flnancial statements

LIVING WATERS CHURCH
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Tangible assets
1,314
1,073
Current assets
Debtors
Cash at bank
4,249
13,360
17,609
348
10,886
11,234
Creditors . Amounts falling
due within one year
(803}
(4,072)
Net current assets
16,806
7,162
Net assets
18,120
8,235
Funds
Restricted funds
Unrestricted funds
18,120
8,235
18,120
8,235
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Directors responsibilities
The members have not required the company to obtain an audit of its accounts for the year in question in
accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies, regime.
These financial statements were approved by the trustees on 27 September 2024 and are signed on their behalf by..
Willem Aalbers
Trustee
The notes on pages 8 to 12 fomi part of these financial ststements

LIVING WATERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Accounting policies
a) The financial statements have been prepared under the historical Cost convention, and in accordance with the
Companies Act 2006, applicable accounting standards and the Statement of Recommended Practice, Accounting
and Reporting by Charities issued in March 2005.
b) Income from donations is included in incoming resources when these are receivable, except as follows..
i) When donors specify that donations given to the charity must be used in fLrture accounting periods, the income is
deferred until those periods.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include
attributable VAT which cannot be recovered.
d) Most expenditure is directly attributable to specific activities, and have been included in those cost categories.
Support costs have been allocated 1000/0 towards the charitable activities of the charity.
e) Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the
offer is conditional, such grants being recognised when the conditions attaching are fulfilled. Grants offered
subject to conditions which have not been met at year end are noted as a commitment, but not accrued as
expenditure.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful
economic life of that asset as follows-.
Office Equipment 30 /0 reducing balance
PA Equipment
300/0 reducing balance
g) Rentals applicable to operating lease agreements where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight-line basis over the period of the lease.
h) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
i) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

LIVING WATERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
2 Grants payable
Total Funds Total Funds
Year to
Year to
31-Dec-23 31-Dec-22
Unrestricted Restricted
Funds
Funds
Grants paid to institutions
Christians Against Povety
Mission Aviation Fellowship
Bulgaria
Philippines
Others
2,400
1,200
1,000
3,120
1,200
8,920
2,400
1,200
1,000
3,120
1,200
8,920
2,400
1,200
1,000
3,120
1,200
8,920
3 Costs of activltles
Total Funds Tota5 Funds
Year to
Year to
31-De¢-23 31-Dec-22
Unrestrlcted Restricted
Funds
Funds
Wages and salaries
Local and national
Events & Trips
Youth & Children
Sunday Teams
28,182
281
2,736
224
759
28,182
281
2,736
224
759
42,891
1,051
478
204
200
32,181
32,181
44,823
Support costs
Resources
Admin items
Depreciation
14,586
1,701
322
14,586
1,701
322
16,871
1,948
480
16,609
16,609
19,280
48,791
48,791
64,103

LIVING WATERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
4 Net incoming resources for the year
This is stated after charging:
Year to
Year to
31-Dec-23 31-Dec-22
Depreciation
322
460
No trustees received out of pocket travel expenses.
5 Staff costs and numbers
The aggregate payroll costs were..
Year to
Year to
31-De¢-23 31-Dec-22
Salaries & Social Securrty Costs
28,182
42,891
28,182
42,891
No employee received emoluments of more than £60,000.
The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as
follows:
Year to
Year to
31-Dec-23 31-Dec-22
6 Taxation
The charty is exempt from corporation tax on its charitable activities.
10-

LIVING WATERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
7 Tangible fixed assets
Year to
Year to
31-Dec-23 31-Dec-22
Net Book Value
Opening Balance
1,073
1,534
Additions
563
Subtotal
1,636
1,534
Depreciation
322
460
Closing Net Book Value
1,314
1,073
Debtors
Yearto
Year to
31-Dec-23 31-Dec-22
Accounts Receivable
Prepayments
3,783
466
348
4,249
348
9 Creditors: amounts falling due within one year
Year to
Year to
31-Dec.23 31-Dec-22
Accounts Payable
Payroll taxes
Accruals
298
3,065
851
156
506
803
4,072
lo Commitments under operatlng leases
At 31 December 2023 the charity had no annual aggregate commitments under non-cancellable operating
leases.
11 Company limited by Guarantee
The company is limited by guarantee and as such has no issued share capital.
In the event of the company being wound up the liability of the members is limited to £1 each.