LIVING WATERS CHURCH FINANCIAL STATEMENTS 31 DECEMBER 2025
Company Registration Number 03843080 Charity Registration Number 1080165
LIVING WATERS CHURCH
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2025
| CONTENTS | PAGE |
|---|---|
| Reference and Administration details | 1 |
| Trustees annual report | 2 - 4 |
| Independent Examiners Report to the Trustees | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 11 |
LIVING WATERS CHURCH
Reference and Administration
Status
Living Waters Church is a company limited by guarantee (registration number 03843080) incorporated on 16 September 1999 and granted charitable status by the Charity Commission under number 1080165.
Trustees
As set out in the Memorandum and Articles of Association, the Board of Trustees must consist of no less than three Trustees.
At the first Annual General Meeting all the Trustees retired from office, 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 rotation such increased or reduced numbers shall go out of office. The Board of Trustees shall have the power at any time to 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 (who are directors for the purpose of company law) who served during the period and since the period end were as follows:
Willem Aalbers Stephen Boyd Ruth Fingleton Donna Littleton (appointed 25 March 2025) Katie Tremelling (appointed 25 March 2025)
Registered Office
23 Coleridge Vale Road South, Clevedon, BS21 6PE
Independent Examiner
Luke Silver 25 Ellicombe Close, Minehead, Somerset. TA24 6DQ
Bankers
Lloyds TSB, 16 The Triangle, Clevedon, North Somerset, BS21 6NB
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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 2025.
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 restrictions on the investment powers of the Trustees.
The Directors
The Board of Directors, who are Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
Objectives and Activities
Objects of the charity
To advance the 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 public 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 review
In 2025 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.
During the year the church hosted several worship evenings, as well as the “Souls” conference in March with visitors from churches across Europe coming together to spend time in the Lord’s presence together.
A church weekend for attendees of all ages took place at the Pioneer Centre in Kid derminster, during which we did team-building activities, ate together, and worshipped God. This was subsidised by the church so that all those in the congregation who wanted to attend, could.
The management team and trustees also dedicated time towards reviewing the vision and mission of the church, updating internal policies and reassessing which charities and individuals to support with grants.
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We continued to serve the community via The Foodbank.
Financial Review
Incoming resources reduced by £13,872 however resources increased by £13,398. There was no employee-related costs during the year.
Grant Making Policy
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.
Reserves & Investment Policy
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 not 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 to be between £5,000 and £15,000. Following the changes to the cost base as described above, the charity’s reserves met and exceeded this range and the Trustees will continue to monitor and manage this position 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.
Responsibilities 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 statements for each financial year in accordance with UK GAAP (UK Accounting Standards and applicable law). 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 that period. In preparing these financial statements the Trustees are required to:
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Select suitable accounting policies and then apply them consistently
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Make judgements and estimates that are reasonable and prudent
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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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 with reasonable accuracy at any time the 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.
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This report has been prepared in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (revised 2005).
Registered office: Signed on behalf of the Trustees 23 Coleridge Vale Road South Clevedon BS21 6PE
Willem Aalbers Trustee
Approved by the Trustees TBA
Independent examiner's report on the accounts
| Section A Independent Examiner’s Report |
Section A Independent Examiner’s Report |
|---|---|
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended31 / 12 / 2025. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 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. 1 to 11 Living Waters Church 31 December 2025 Charity no (if any) 1080165 |
I have completed my examination. I confirm that no material matters have Independ come to my attention in connection with the examination which gives me ent examiner's cause to believe that in, any material respect: statement the accounting records were not kept in accordance with
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord 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.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
L A Silver Date: Accountancy Practitioner HNC Business and Finance Luke Silver 6 May 2026 |
L A Silver Date: Accountancy Practitioner HNC Business and Finance Luke Silver 6 May 2026 |
|---|---|---|
| 25 Ellicombe Close | ||
| Minehead, Somerset | ||
| TA24 6DQ |
Living Waters Church
Statement of Financial Activities for the year ended 31st December 2025
| Statement of Financial Activities for the year ended 31st December 2025 |
|
|---|---|
| Notes Unrestricted Funds 2025 £ Incoming Resources Incoming resources from generated funds Voluntary income Donations 40,960 Tax reclaimed 3,441 Total Incoming Resources 44,401 Resources Expended Charitable activities Grants Payable 15,647 Costs of Activities 31,590 Total Resources Expended 47,237 Net Movement in Funds (2,836) Fund Balances b/fwd at 01.01.25 42,950 Fund Balances c/fwd at 31.12.25 40,114 |
Restricted Total Total Funds 2025 31.12.25 31.12.24 £ £ £ 40,960 48,449 3,441 10,220 |
| 0 44,401 58,669 |
|
| 15,647 12,520 31,590 21,319 |
|
| 0 47,237 33,839 |
|
| 0 (2,836) 24,830 |
|
| 42,950 18,120 |
|
| 0 40,114 42,950 |
LAS
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17/04/2026
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
| Living | Waters Church | ||||
|---|---|---|---|---|---|
| Balance Sheet | Notes | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Tangible Assets | 4,515 | 6,186 | |||
| 4,515 | 6,186 | ||||
| Current Assets | |||||
| Debtors | 268 | 1,278 | |||
| Cash at Bank & In Hand | 18,227 | 37,547 | |||
| Creditors:amounts falling due within one year | (2,500) | (2,062) | |||
| Net Current Assets | 15,995 | 36,763 | |||
| Net Assets | 20,510 | 42,949 | |||
| Funds | |||||
| Income Funds: | |||||
| Unrestricted funds | 40,114 | 42,949 | |||
| Restricted funds | 0 | 0 | |||
| 40,114 | 42,949 |
LAS
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17/04/2026
For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.
Signed on behalf of the Board
Print Name
Living Waters Church
Notes to the Accounts for the year ended 31st December 2025
| 2. Grants Payable Grants paid to institutions Changing Lives Mission Aviation Fellowship Bulgaria Philippines Others 24-7 Prayer Clifton Diocese (Christians Against Poverty) George Muller Trust Kintsugi Hope Craig Sibthorpe Burundi Nairobi Flights 3. Costs of activities Wages and salaries Local and national Events & trips Youth & Children Sunday Teams Support costs Resources Admin items Depreciation Total Resources Expended |
Unrestricted Funds 2025 £ 6,000 0 0 0 0 600 2,400 3,120 600 984 1,095 848 15,647 0 0 7,565 979 0 8,544 16,997 4,114 1,935 23,046 31,590 |
Restricted Total Total Funds 2025 31.12.25 31.12.24 £ £ £ 0 6,000 4,500 0 0 300 0 0 1,000 0 0 3,120 0 0 1,200 0 600 0 0 2,400 2,400 0 3,120 0 0 600 0 0 984 0 0 1,095 0 0 848 0 |
|---|---|---|
| 0 15,647 12,520 |
||
| 0 0 0 300 7,565 1,933 979 427 0 983 |
||
| 0 8,544 3,643 |
||
| 0 16,997 13,533 0 4,114 2,686 1,935 1,457 |
||
| 0 23,046 17,676 |
||
| 0 31,590 21,319 |
LAS
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17/04/2026
Notes to the Accounts
for the year ended 31st December 2025 (continued)
| 4. Net incoming resources for the year This is stated after charging: Depreciation 5. Staff Costs and Numbers Gross Wages and Salaries Employer's National Insurance Costs (incl above) Pension Contributions (incl above) |
31-Dec-25 £ 1,935 31-Dec-25 £ 0 0 0 0 |
31-Dec-24 £ |
|---|---|---|
| 1,457 | ||
| 31-Dec-24 £ 0 0 0 |
||
| 0 |
The Charity had 0 employee during the financial year.
No employees received emoluments of over £60,000. (2024: None)
The Charity operates payroll under a PAYE scheme.
6. Taxation
The charity is exempt from corporation tax on its charitable activities.
| 7. Tangible Fixed Assets Net Book Value Opening Balance Additions Sub total Depreciation Closing Net Book Value 8. Debtors Accounts Receiveable Prepayments 9. Creditors: amounts falling due within one year Accounts Payable Accruals |
31-Dec-25 £ 6,186 264 6,450 1,935 4,515 31-Dec-25 £ 0 268 268 31-Dec-25 £ 0 2,500 2,500 |
31-Dec-24 £ 1,314 6,329 7,643 1,457 |
|---|---|---|
| 6,186 | ||
| 31-Dec-24 £ 0 1,278 |
||
| 1,278 | ||
| 31-Dec-24 £ 790 1,272 |
||
| 2,062 |
10. Commitments under operating leases
At 31 December 2025 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.
LAS
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17/04/2026
1 Accounting policies
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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.
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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 future accounting periods, the income is deferred until those periods.
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c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
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d) Most expenditure is directly attributable to specific activities, and have been included in those cost categories. Support costs have been allocated 100% towards the charitable activities of the charity.
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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.
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f) 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% reducing balance PA Equipment - 30% reducing balance
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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.
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h) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
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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.
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