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|Board ofDirectors/Trustees|Board ofDirectors/Trustees|Board ofDirectors/Trustees|Dr Olusola
David Oludoyi|Dr Olusola
David Oludoyi|Dr Olusola
David Oludoyi|- Chair|
|---|---|---|---|---|---|---|
||||Victoria Modupeola||Atere||
||||Adebisi Tajudeen|Olowu|||
||||Ayodeji
Philip Coo||||
||||Samuel Oladele Bakare||||
|Charity registered||number|1101824||||
|Registered|oNce||RCCtS —Living Water||Parish||
||||169-171Haydons||Road||
||||South Wimbledon||||
||||London||||
||||SW19 BTB||||
|Independent|Examiner||Abudey &Company||||
||||First Floor||||
||||1¹-16Powis Street||||
||||Woolwich,
London||||
||||SE186LF||||
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|||Page||
|---|---|---|---|
|Report oftbe Trustees|I|to|2|
|independent
Essntiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Slteet||||
|Notes to tbe Financial Statements|6|to|l3|
|Detailed Statement ofFinancial Activities|I4|to|15|
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||||ORTH|YEAR EN|DED 31 DECK|MBE
2 22|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Unrestricted|Restricted|Total|Total|
|||||Notes|fund|fund
f|funds
f|fundsf|
|INCOME|AND ENDOWMENTS||FROM||||||
|Donations|and legacies|||2|438,828||438,828|417,050|
|Investmenl|income|||3|34||34||
|Total|||||438,862||438.862|417,050|
|EXPENDITURE ON|||||||||
|Parish-Ministry
expenses||||4|41,349||41,349|6I,917|
|Charitable|activities|||5|||||
|Missionary|&Charitable|Activities|||36,369||36,369|16,370|
|Management
&Administration|||||251,036||251,036|245,058|
|Other costs|&depreciation||||43,748|-|43,748|57,607|
|Total|||||372,502||372,502|380,952|
|NET INCOME|||||66,360||66,360|36,098|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds|brought
forward||||251,609||251,609|215,511|
|TOTAL FUNDS CARRIED FORWARD|||||317.969||~317969|251,609|
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|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|f|f|f||
|FIXED ASSk"I'S||||||
|Tangible assets|10|186,611||186.611|192,686|
|CURRENT ASSETS||||||
|Debtors|11|137,152||137,152|138,615|
|Cash at bmtk and in hand||116,273||116,273|53,606|
|||253,425||253,425|192,221|
|CREDITORS||||||
|Amounts
falling due within one year|12|(7,050)||(7,050)|(8.066)|
|NET CURRENT ASSETS||246,375||246,375|184,155|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||432,986||432,986|376,841|
|CREDITORS||||||
|Amounts
faliing duc atter more than one year|13|(115,017)||(115,017)|(125,232)|
|NKT ASSETS||317.969||~317969|251 609|
|FUNDS|15|||||
|Unrestricted
funds||||317,969|251,609|
|TOTAL FUNDS||||317.969|251,609|
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|life or, ifheld under|afinance le|ase, over the lease term,|whichev|
|---|---|---|---|
|lmprovmts
to L/hold|prop|5%on reducing|balance|
|Church
Equipment||25%on reducing|balance|
|Furniture &fittings||15%on reducing|balance|
|Motor vehicles||25%on reducing|balance|
|Office equipmen(||20%on reducing|balance|
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||||2022|2021f|
|---|---|---|---|---|
||Tithes and Offerings||318,532|259,664|
||Sundry
Uonationsrincomc||6,941|1,500|
||Gilt Aid Claimed||68,500|57,007|
||Building Fund||2,050|2,220|
||Rental Income||35,800|36,006|
||Sale ofCommunion|Cups|7,005|7,696|
||3RSGrant|||52,957|
||||438,828|4i7.050|
|3.|INVESTMENT INCOME||||
||||2022|2021|
||||f||
||Bank Interest||34||
||PARISH-MINISTRY EXPENSES||||
||Raising donations|and legacies|||
||||2022f|2021f|
||Honorarium
& Guest Ministers||15,272|10,640|
||Youth and Outreach|Activities|4,763|1.015|
||Minisny
General Expenses||5,166|9,827|
||Special Programme|Expenses|6.843|33,892|
||||32,044|55,374|
||Other trading
activities||||
||||2022f|2021f|
||Purchases||9,305|6,543|
||Aggregate
amounts||~41 349|61,917|
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||||||Support||
|---|---|---|---|---|---|---|
|||||Direct|costs (see||
|||||Costs
f.|nots 6)
f|Totals
f|
|Missionary|&Charitable|Activities||36,369||36,369|
|Management|&Administration||||251,036|251 036|
|||||36,368|~251 036|287,404|
|SUPPORT|COSTS||||||
||||||Governance||
||||Management
f|Finance
f|costs|Totals|
|Management|&,Administration||238,537|7.219|5,280|251,036|
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|STAFF COS|TS|||||
|---|---|---|---|---|---|
|||||2022|2021|
|Wages and salaries||||127,300|122,605|
|Social security cost»||||6,091|6,254|
|Other pension|costs|||7,922|7,626|
|||||141,313|136,485|
|The average|monthly|number of employees|during the yem was as follows.|||
|||||2022|2021|
|StaE||||5|5|
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||KMED CHRISTIAN
R
FGOD
CC
WATER P
ISH
NO
ESTO THF FINANCIA
S
T
- continuetl
R2
2|KMED CHRISTIAN
R
FGOD
CC
WATER P
ISH
NO
ESTO THF FINANCIA
S
T
- continuetl
R2
2|KMED CHRISTIAN
R
FGOD
CC
WATER P
ISH
NO
ESTO THF FINANCIA
S
T
- continuetl
R2
2|KMED CHRISTIAN
R
FGOD
CC
WATER P
ISH
NO
ESTO THF FINANCIA
S
T
- continuetl
R2
2|KMED CHRISTIAN
R
FGOD
CC
WATER P
ISH
NO
ESTO THF FINANCIA
S
T
- continuetl
R2
2|KMED CHRISTIAN
R
FGOD
CC
WATER P
ISH
NO
ESTO THF FINANCIA
S
T
- continuetl
R2
2|||
|---|---|---|---|---|---|---|---|---|
||COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||||||
|||||||Unmstricted|Restricted|Total|
|||||||fund|fundf|fundsf|
||INCOME AND ENDOWMENTS|||FROM|||||
||Donations
and legacies|||||417,050||417,050|
||EXPENDITURE ON||||||||
||Patrish-Ministry
expenses|||||61.917||61,917|
||Charitable
running &Administration||||expenses||||
||Missionary &Charitable||Activities|||16,370||16,370|
||Management
&Administtntion|||||245,058||245,058|
||Other costs and depreciation|||||~57 607||57,607|
||Total|||||380,952||380952|
||NET INCOME|||||36,098||36,098|
||RECONCILIATION|OF FUNDS|||||||
||Total funds brought
forward|||||215,5I I||215,511|
||TOTAL FUNDS CARRIED FORWARD|||||251,609||251,609|
|10.|TANGIBLE FIXEDASSETS||||||||
|||||||Improvmts|||
|||||||to Uhold|Church|Furniture|
|||||||prop
f|Equipment
f|&, llttings
f|
||COST||||||||
||At I January 2022|||||389,084|176,551|48.575|
||Additions||||||10,583||
||At 31 December 2022|||||389,084|187,134|48,575|
||DEPRECIATION||||||||
||At I January 2022|||||221,457|160,583|43,907|
||Charge for year|||||8.381|6,638|700|
||At 31 December 2022|||||229,838|167,221|44,607|
||NET BOOK VALUE||||||||
||At 31 December 2022|||||~159246|19,913|3,968|
||At 31 December 2021|||||167.627|~15 968|4,668|
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|TANGIBLE FIXEDASSETS - continued||||
|---|---|---|---|
||Motor|Office||
||vehicles|equipment
f|Totals
f|
|COST||||
|At I January 2022
Additions|26,591|18,321|659,122
~10583|
|At 31 December 2022|26,591|~18 321|669.705|
|DEPRECIATION||||
|At I January 2022
Charge for year|25,498
273|14,991
666|466,436
~I6 658|
|At 3 I December 2022|~25 771|~15 657|483.094|
|NET BOOK VALUE||||
|At 31 December 2022|820|2,664|~I86 611|
|At 31December 2021|1,093|3.330|192.686|
||||||Church|
|---|---|---|---|---|---|
||||||Equipment|
||COST|||||
||At I January 2022 and||31 December 2022||39,206|
||DEPRECIATION|||||
||At I January
2022
Charge for year||||32,163
~176ii|
||At 31 December|2022|||33,924|
||NET BOOK VALUE|||||
||At 31 December|2022|||5,282|
||At 31 December|2021|||7,043|
|11.|DEBTORS|||||
|||||2022|2021|
||||||f|
||Amounts
falling
Other Debtors|due within one year.||~5152|6,615|
||Amounts
fulling|duc ager more than one year:||||
||LWP Assets investment||Ltd|132.000|132,000|
||Aggregate
amounts|||137,152|138,615|
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|12,|CREDITOR|S; AMOUNTS FA|LL!NG DUE WITHIN ONE|YEAR|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||f|
||Taxation and|social security|||2,769|3.976|
||Other creditors||||4.281|4,090|
||||||~7050|8,066|
|13.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE|||THAN ONE|YEAR||
||||||2022|2021|
||||||f|f.|
||Bank loans (see note 14)||||39,785|50,000|
||Other creditors||||~75 232|75,232|
||||||115,017|125,232|
|14.|LOANS||||||
||An analysis ofthe maturity ofloans is given below:||||||
||||||2022|2021|
||Amounts
falling due in morc than||five years:||||
||Repayable
by|instalments:|||||
||Bank loans more 5yr by instal||||39,785|50,000|
|15.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
|||||At 1,1.22
f|in funds
f|31.12.22
f|
||Unrestricted|funds|||||
||General fund|||251.609|66,360|317,969|
||TOTAL FUNDS|||251,609|66,360|31'1.969|
||Net movement|in funds, included|in the above are as follows:||||
|||||incoming|Resources|Movement|
|||||i'i"sources|cxpcndcd|in funds|
|||||I.|||
||Unrestricted|funds|||||
||General
fund|||438,861|(372,501)|66,360|
||TOTAL FUNDS|||438,861|I372,501)|66.360|
##
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|Compara|tives|for movement
in fumls||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.21|in funds|31.12.21|
|||||f.|f|
|Unrestricted||funds||||
|General|fund||215,511|36,098|251,609|
|TOTAL|FUNDS||215,511|36,098|251.609|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources
I|expended|in funds|
|Unrestricted||funds||||
|General|fund||417,050|(380,952)|36,098|
|TOTAL|FUNDS||~417050|t380,952)|36,098|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1,1.21|in funds|3 1,12.22|
||||f|f|f|
|Unrestricted||funds||||
|General|fund||215,511|102,458|317.969|
|TOTAL|FUNDS||215,511|102,458|317,969|
||||incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||||F.|
|Unrestricted||funds||||
|General|fund||855,911|(753,453)|102,458|
|TOTAL|FUNDS||855,911|~753.453|102,458|
##
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||
FORTHE YEAIIENDED 31D|
ECEMBER 2022||
|---|---|---|---|
|||2022|2021|
||||8|
|INCOME AlqD ENDOWMENTS||||
|Donations
and legacies||||
|Tithes and Offerings||318,532|259,664|
|Sundry Donations/Income||6,941|1,500|
|Gih Aid Claimed||68,500|57,007|
|Building
Fund||2,050|2,220|
|Rental Income||35,800|36,006|
|Saleof Communion
Cups||7,005|7,696|
|JRS Grant|||52,957|
|||438,828|417,050|
|Investment
income||||
|Bank Interest||34||
|Total incoming
resources||438,862|417,050|
|EXPENDITURE||||
|Raising donations
and legacies||||
|Honorarium
&Guest Ministers||15,272|10,640|
|Youth and Outreach Activities||4,763|1,015|
|Ministry
General Expenses||5,166|9,827|
|Special Programme
Expenses||6,843|33,892|
|||32,044|55,374|
|Other trading activities||||
|Purchases ofCommunion|Cups|9,305|6,543|
|Charitable
activities||||
|WEM-World
Evangelism|Mission|12,000|11,250|
|Central Oflice and Others||1,800|1,800|
|Home Mission &Other Church Societics||20,649|1,350|
|Donations
to Festival ofLife||1,200|1,200|
|Secular Charities &Relic(oEPoverty||720|770|
|||36,369|16,370|
|Other costs & deprecintion||||
|Repairs, scrrvicing
and maintcnancc||17,254|30,314|
|Miscellaneous
expenses||161|101|
|Insurance
and Licences||9„675|11,026|
|Depn-Improv't
L/hold
property||8,381|8,822|
|Depn ofchurch equipment||6,638|5,323|
|Depn of furnimre
& linings||700|824|
|Depn ofmotor vehicles||273|364|
|Carried fonvard||43,082|56,774|
##
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||DEr ILEDSTA
KNTOFFI
|A|I
ITIK|S||
|---|---|---|---|---|---|
||ORTHE YEAR ENDED|D|BKR2022|||
|||||2022
8|2021f|
|Otlier costs &depreciation||||||
|Brought forward||||43,082|56,774|
|Depn ofoAice equipment||||666|833|
|||||43,748|57,607|
|Support costs||||||
|Church Management|&Administration|||||
|Staff Wages and Salaries||||127,300|122,605|
|Employer's
National
Insurance||||6,091|6„254|
|Pensions||||7,922|7,626|
|Hire ofEquipment||||103|388|
|Rent and Rates||||80.628|82,092|
|Telephone||||5,898|5,847|
|Printing,
Postage & Stationery||||1,443|3372|
|Advertising||||549|1,879|
|Computer
Consumables||||650|68|
|Internet &Subscription||||1,347|1,124|
|Motor &Transportation||||6,606|~5201|
|||||238,537|236,456|
|Finance||||||
|Hire Purchase||||7,200|6,412|
|Bank charges & interest||||19||
|||||7,219|6,412|
|Governance
costs||||||
|Audit and Accountancy|Peas|||2,080|1,890|
|Legal and Consultancy|Fees|||3,200|300|
|||||5,280|2,190|
|Total resources expended||||372,501|380.952|
|Net income||||66,360|~36 098|