Charity Number: 1084921
Living Waters Foursquare Church
Receipts and Payments Accounts for the year ended 31 December 2023
Living Waters Foursquare Church
Receipts and Payments Accounts
for the year ended 31 December 2023
| Contents | |
|---|---|
| Trustees' Report | 1 |
| Independent Examiner's Report | 3 |
| Receipts and Payments Accounts | 4-5 |
Living Waters Foursquare Church
Trustees' Annual Report
for the year ended 31 December 2023
Charity Number: 1084921
Principal Address: 41 Holgate Drive, Luton, LU4 0XD
Trustees
Trustees who served during the reporting period: Revd Surekha Hulugalle Nishan Joseph Rajendran Kiloshini Weerakoon (resigned on 01 April 2023) Paul Marriot (appointed on 01 July 2023) Ravishan Gamage (appointed on 01 July 2023)
Structure, Governance and Management
The charity is constituted as a Trust and governed by a Declaration of Trust and the National Foursquare Constitution.
Trustees are appointed by the existing trustees and are ratified by the Church membership.
Objectives
a) The advancement of the Christian faith in accordance with our Statement of Faith. b) The relief of poor, aged, sick and those in conditions of hardship or distress. c) Such other charitable purpose as the Trustees may from time to time determine.
Activities and Achievements During the Reporting Period
General
Church gatherings and discipleship continued in three locations, Northolt, Dunstable and Manchester. The Church moved from Northolt to Kenton from the month of December. The Senior Pastors took a sabbatical of three months. Whilst they were away leaders were appointed to lead all locations. On their return the leaders continued as appointed.
Missions
A highlight in 2023 mission was the ability to support charity projects overseas in Sri Lanka and in Kazakhstan. The Church continued their relationship in sponsoring one family from Ukraine in partnership with the Government sponsorship program whist supporting the Pastor in Ukraine.
Membership
There was a slight growth in the membership in the Dunstable and Manchester locations. There was no change in the leadership.
Ukraine War
As the war broke out in Ukraine, the Living Waters Church decided to support the Foursquare Church in Chernigov through prayer and counselling of leaders. Furthermore, the Pastor's wife and children were brought over to the UK through a government sponsorship initiative and accommodated in the home of a Church family.
1
Training
Leadership training and messages of encouragement were brought through speakers invited in person and some through online media from overseas. Regular training was done on Wednesday nights by in-house trainers.
A highlight was to sponsor and conduct an internship program for a young leader from Sri Lanka for a period of 4 months (January - April) and a Bible school graduate from Life Pacific USA.
Evangelism
Evangelism was done on the streets of Harrow and Dunstable. The Dunstable location rented a stall at the town market during the Christmas season handing out free food hampers for families in need. The Church partnered with the national movement “Shine Your Light” to bring the message of Christmas onto the streets during Christmas.
Financial Review
Income for the year was £41,878 and total expenditure was £43,485. Restricted funds include an amount of £3,607 that is held on behalf of our Manchester congregation.
The trustees declare that they have approved the Trustees' Report above.
Signed on behalf of the charity's trustees
Revd. Surekha Hulugalle Senior Pastor and Trustee
21 October 2024
2
Living Waters Foursquare Church
Independent Examiner's Report
for the year ended 31 December 2023
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023, set out on pages 4-5.
Charity Number: 1084921
Responsibilities and basis of report
As the charity trustees of the Trust, 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
a) accounting records were not kept in accordance with section 130 of the Act or
b) the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mihiri De Silva FMAAT 35 Charlton Gardens Coulsdon Surrey CR5 1AS
21 October 2024
3
| Living Waters Foursquare Church | Living Waters Foursquare Church | Living Waters Foursquare Church | 1084921 | 1084921 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts Receipts and payments accounts Period start date Period end date To For the period from 01/01/2023 31/12/2023 es ee ee |
Last year to the nearest £ CC16a |
||||||||||||
| Offerings and Tithes 34,742 |
4,465 | - | - | - | 39,207 | 39,207 | 46,252 | 46,252 | |||||
| Gifts for Pastors - |
2,650 | - | - | - | 2,650 | 2,650 | 2,950 | 2,950 | |||||
| Interest Received - |
21 | - | - | - | 21 | 21 | 1 | 1 | |||||
| - | - | - | - | - | - | - | - | - | |||||
| - | - | - | - | - | - | - | - | - | |||||
| - | - | - | - | - | - | - | - | - | |||||
| - | - | - | - | - | - | - | - | - | |||||
| - | - | - | - | - | - | - | - | - | |||||
| Sub total(Gross income for AR)34,742 |
7,136 | - | - | - | 41,878 | 41,878 | 49,203 | 49,203 | |||||
| A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - - - - - Total receipts 34,742 7,136 - 41,878 49,203 A3 Payments Salaries 11,000 2,650 - 13,650 14,950 S5~~55~~ |
|||||||||||||
| Missions and Evangelism 4,220 |
750 | - | - | - | 4,970 | 4,970 | 4,559 | 4,559 | |||||
| AV Equipment 1,528 |
- | - | - | - | 1,528 | 1,528 | 805 | 805 | |||||
| Rent 7,096 |
1,034 | - | - | - | 8,130 | 8,130 | 6,876 | 6,876 | |||||
| Memberships 1,800 |
100 | - | - | - | 1,900 | 1,900 | 2,325 | 2,325 | |||||
| Conferences 2,788 |
- | - | - | - | 2,788 | 2,788 | 2,815 | 2,815 | |||||
| Guest Speakers 1,660 |
- | - | - | - | 1,660 | 1,660 | 1,270 | 1,270 | |||||
| Elders 1,900 |
- | - | - | - | 1,900 | 1,900 | 900 | 900 | |||||
| Other Gifts 2,121 |
- | - | - | - | 2,121 | 2,121 | 1,124 | 1,124 | |||||
| Computer - |
507 | - | - | - | 507 | 507 | 1,595 | 1,595 | |||||
| Travel 414 |
1,400 | - | - | - | 1,814 | 1,814 | 1,661 | 1,661 | |||||
| Misc office costs 1,189 |
- | - | - | - | 1,189 | 1,189 | 338 | 338 | |||||
| Legal and Professional Fees - |
- | - | - | - | - | - | - | - | |||||
| Internship 1,328 |
- | - | - | - | 1,328 | 1,328 | - | - | |||||
| - | - | - | - | - | - | - | - | - | |||||
| - | - | - | - | - | - | - | - | - | |||||
| Sub total 37,044 | 6,441 | - | - | - | 43,485 | 43,485 | 39,218 | 39,218 | |||||
| A4 Asset and investment purchases, (see table) - - - - - - - - - Sub total - - - - - Total payments 37,044 6,441 - 43,485 39,218 Net of receipts/(payments) - 2,302 695 - - 1,607 9,985 A5 Transfers between funds - - - - - A6 Cash funds last year end 41,345 2,912 - 44,257 34,272 Cash funds this year end 39,043 3,607 - 42,650 44,257 —————~~—=~~ SSSSS |
4
| Section B Statement of assets and liabilities at the end of the period Categories Unrestricted funds Restricted funds Endowment funds to nearest £ to nearest £ to nearest £ 39,043 3,607 - - - - - - - 39,043 3,607 - OK OK OK Unrestricted funds Restricted funds Endowment funds to nearest £ to nearest £ to nearest £ Bank B1 Cash funds Details Total cash funds (agree balances with receipts and payments account(s)) Details ~~—~~ |
Section B Statement of assets and liabilities at the end of the period Categories Unrestricted funds Restricted funds Endowment funds to nearest £ to nearest £ to nearest £ 39,043 3,607 - - - - - - - 39,043 3,607 - OK OK OK Unrestricted funds Restricted funds Endowment funds to nearest £ to nearest £ to nearest £ Bank B1 Cash funds Details Total cash funds (agree balances with receipts and payments account(s)) Details ~~—~~ |
|---|---|
| B2 Other monetary assets B3 Investment assets |
- - - - - - - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Current value (optional) - - Details === |
| - - |
|
| - - |
|
| - - |
|
| - - |
|
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use |
Fund to which asset belongs Cost (optional) Current value (optional) - - - - - - - - - - - - - - - - - - Fund to which liability relates Amount due (optional) When due (optional) - - - - - Date of approval 21/10/2024 Print Name Revd Surekha Hulugalle Signature Details Details ie ane |
| 5 |