REGISTERED CHARITY NUMBER: 11O18Z4 'D ciiiiis'ri RC".CG LIVING IVATER P REPORT OF THE TRusfE&S AND r.MBF.R 2 23 "D CHRIS'I'IAN CIIIIRCII C WA TI:R PARISFI CONTENT.% ()F TIIL Tr'IN*lNCSAI. S'l'*ATI,-MF.N'IS 'riib. YF. 11 s.,￿,￿[,.D 31 IJL 'b.'Mfsp.112n23 R¢port of the Trustttj lud¢petsthot Ex*mbx¢r'¥ R¢port St*teJnent tsf Flfj4ts¢l*lA¢dvlde$ BthlAu¢* Sht¢¢ Not¢s to Ihe Flnan¢141 StstWtt¢thi¥ 6 10 13 D¢l*llcd Stwt4mtn¢ of Vinatytifil Aetivlfi¢5 14 to 15 THF RET)LE IIRl*flAN RCI.I OFGOD vi 'l-bJl PARISII ],' I'IIL TR DED THf YCAR E IBEI R 202J The trust¢# pre$¢nt Ihcir rcport wilh ihe finfin¢ial si)tem¢nl$ orth¢ rhBrity for Ihc y¢aT e￿£d 31 Deccmber 2023. Th¢ tN51ees havc adopted th¢ pmvlston5 of Accounilng ortd R¢poning by Chariries.. Siaiemeni of li¢romffleaded PrllBiice opplic8ble to charilie% prepoi'ing Ih¢ir occounts ill o¢¢ordènce with the PIt￿nclU￿ Rcp)rtin8 Si8ndard Applicable in I UK and Republi¢ of ITcland IFRS 102} Ictycaivc I January 20191- OYIJECTIVFts AND ACTivfTIES Objectives wlm5 Llving Watw Pllrish is a membe* of The Rdetmed ChrisliHn cliu￿h of God whiGh lia$ P#Ti$h¢$ 011 over the world. W¢ aim to.. ••Turn the hearL ofm¢n ba¢k 10 God. **Fced Ihe iNord ol'cod lo Iho.4e WIKJ firc hungry, ts) Sali8fy their IoNgin8 30111 6*Cquip Ihc hefyri of man wilh rhe weapon 10 scl il frtt frorn m¢diocr¢ meniality. *¥Nourisli m8n with IhE word to turn Iw8c tlic rxiwci. of Qod in man 10 be a blessing **Enrich lh¢ Spirit %viih the vilalily of ei¢rnal liTe iyilh on a5sur&nceefth¢ ¢rownof glory. *•Rwse up pEoplccapoblc ofiffccilnÈ th¢ir xenerttiloTr pKiliv¢ly for CH)d. •thRevive. Rtconcilc and Rc510rc lost hopey. *•Lill llp ihe bonner oralrist on foundllli0Trs of many weratiOn8. Living Wfjter Par￿h is s place ofdivinc fippthtl￿ment lo destiny. Ilie rq)oirerof broken Tclation8hips Ihe rwtorer of C ordained famtly ordered by lh¢ powv of th¢ Holy SpiFIL TIKre sliall b¢ a performon¢eofihe wordofGud on 11115 assembly, o¢¢ording kn Hi6 promi50 in Jesus name. Sl%hineAMt actlvlties JIK R¢d¢cmed Church of God Liviiig Wattr Parisli Is ts IOOYO share holder of LWP Assets Investmcnt Ltd. The aotivilics of this company is buyingsellin8 and lthiing of its own real cslat¢. Publlt btTrellt The charily has coTrlinu¢d to provTde b¢nef115 to rhL public in tlie tnannet describ¢ iKIow. l. Org8ni8ing Sunday S¢r¥i¢es for religio￿ worship #nd 1¢4¢liin# 2. Or8anisingCommunily oulr¢ath ¢v¢iit$ and Evangcli5m 3. provisio￿ ofwElfare suppori for m¥nibd'8 VolllThtet Mqny voluntctrs give lip their lirnc lo hclp al the church. p*ticDlarly al wL'ekcnds and in th¢ c¥¢Thin8s. We are Breatly indebted io Ihesc volunteers for theii commi1m￿l and $upp)rl FINANCIAL REVIBW R¢s¢ry¢5 pollcy Thc Commission rcqiiiKs chori1ics to d¢terminc ond cxplaity IlieiT poll¢y for rescrve5. 'The Iriisle¢s have Teviewed ils rree werve pJli¢y and hove iurnid its eiiilTe fre¢ unr¢$tricted furmj tDto an ¢mlI 10 Ihe tharity tru51¢¢s on my examinaiion of th¢ accounts ofTHE REDE£MI.'D C14Rlgl'lAN CI.IURCbl or GOD IRCCGI LIVING WATER PARt8H Ithe'frusii ror ihc yeor ended 31 Detrernbtr 2023. Respon5ibilltlEs an¢1 b*$ls of As Ihe thai'ily Iwslces of lh¢ I you ftrt r¢spDn$ible fur Ihe prep￿￿110￿ Qr th¢ aGwnts in accorda]￿ wilh ilie r¢quiremenls ofthc ChDrffiiie5 A¢t 2011 I'ihc Acl'l. I rcwff in respect ofmy Examinorion of the Tru51'$ aC￿LIn15 carricd out undcr Srfiion 145 of ihc A¢1 and irj Corryin out rny ¢yaminaiion I hfive follow¢d ull applicable DiY¢ciion$ Bivcn by Il)B Charity Lommission under SethiDll145(5llbl of Ihc A¢1. Slnoe YOUT ¢hari(y's gross income ¢x¢¢thd £250.000 yevr examiner musi k a mcmbc* ora listed b￿y. l Gail coiifirin Ihat I qu&lified lo iind¢rtak¢ ihe examination because l arn ¥ Jnunbcr of Ilie ASsoci￿10n of Inlematlofftal Aetouniants. Ivhi¢li i5 one ofihe lisied bodies. I huve ¢omplet¢d my cxojninaiion. T confjrm ihai no mRterio1 mall¢rs have coThc to my Ltt¢ntron in ¢onncefioii with the ¢x&mination giviD&T m¢ c8u$e kn believe thai in fftny material rtspcci.. accouniing records iv¢r¢ ftor kept in rcspeci ofih¢ Tm$i as T¢qvii¢d by Scction IJO of11)eAct', OT th¢ account5 do Tlot ac(x)rd iviih Ih05e fccoTds: vr the accounis do noi coihply iviih ihe applicablc requiremLIrts cottceTnitt8 ihe form and content of ￿t0111)ts s oui in th¢ Ch•ri¢ies (Accoiinis and Reports) Regulaiions 2008 other 11)an arty r¢qiiiremcThl that ihc a￿O￿niS give tru¢ aiid fair vi¢w which is not 4 rnai*r consid¢r¢d as pail of an inJep¢nd¢nl cxominlltion. I havc no ¢one¢ms and hAVe ￿Ill¢ ucros5 no othtrmaiiers lji coDDEction ivith the cxjjminatlon ￿ whlch &it¢nlion Should be Llrown in ili1$ report In order ID tnnblc rt prop¢i' iindcr.5tsndin8 of accounts lo bc rell¢hed. Mr Symon Abudey Th¢A$so¢iaiion of lrtcrnntlonol AccounianL$ Abudey & Compony Fir51 noDr 14-16 Poivi5 Street Woolwich London SL18 6Lr PAge J THE IICDfkp*lLD C1411 RC."CC. I,IVINCI WATC HU IPA HObG s'rA'I'l+.￿I1i ry. R T14K I'fr All F IINANC.IAL AC".TIVII'Ib:- ECK IHZR 2023 2023 Toial Funds 2022 Total fuTrd$ UnresiriE*d fund li¢$iricEed fund Noits TNCOMEAND ENDOWMENTS FROM Donaiion5 and Icwic5 534.483 534,483 438.827 Inv¢simen( iwoine 715 34 TgtAI 535,198 535.198 438.861 EXPEI NDJTURE ON Pari5h-Mini5try ¢xpcns 56.862 56,862 41,349 Cthirltsblo *etlvltl¢s Mi55ii>ntry & Chariiobl¢ Aciiviiies Manag¢m¢Tht & Adtnlnisiration 35.420 293,145 35.420 293.145 36,368 251.036 Other costs & dcpreciaiion 38.329 38.329 43.748 Totil 423.756 423.750 372.501 Nrf INCOME 111,442 111,442 66.360 ftECONCIUATION OF FUNDS Toial fund$ bribughi fo)Trvwd 317,969 317,969 251.609 TOTAL FUNDS CARRIED FORWARD 429.411 429.411 317.969 Th¢ Th)te$ form partof Ilw¢ financial 5tatcmenis Pagr 4 Tl b RF.DEFMED CIIRISTIAN C'.IIUIICI.I 01,. GOD RCCG LIVI GWAT R PARISH BALANCE SHEET 31 DECEMBER 2023 2023 Toia1 rund$ 2022 Totsl rund5 Unr¢51rith¢d fund Restrici¢d fund NotÈ8 FIXEDASS Tangible a$5¢ts 10 190,766 190,766 CURRENT ASSETS Debtors Cash ai bank and in hand 111.268 138,268 222.986 116.273 361.254 361J54 253,425 CRKDrroRS Amounly falling du¢ wlihltt one y¢•r 12 {18.498) {18,4981 17,050) NET CURRENT ASSETS 342.7S6 342.756 246.375 TOTAL ASSETS LESS CURREf4T LIABILITIES J33,522 533,522 432.986 CREDrroRS Amoiinls (alling duB &ft¢rn)O￿ than QnfyEOT 1104.111) (104.111) NET Assrrs 429.411 429.411 J17.909 FUNDS UnT¢gtricted fknds 317969 TOTAL FUNDS 429411 317.969 Thc financlil s18t¢nicnL% iyere apt>r(>ved by the Board of I'rusitcs and authorised for issue d wcr¢ $18nc¢l on it¥ behalf by.. 'rhenotQ5 fonn part of thc5efindnGial s¢atemenl$ P88¢ 5 TIIF. RF,￿￿. IILC".C, D C.IIIIISI'IAN CHURCII O I,IVINC. WA'I'BR PAR OD NOTfs TO'I'I.IP. I.'INANC.IAI, 81'AT[.￿I￿-N.r$ 'P AR FNDED J I D￿CF.￿lArR 2023 ACCOUNTING POLICIES BDsis of pr¢pRring tlit st9tEmcuts Thc finon¥ial slaiejnenls of Ihe chorily, IvhidJ is a public benetil eniiiy uiidtr FRS 102, Iiave b¢¢n pr¢Pur￿ i ¥¢¢oIQuiic¢ wilh thc Charili¢s SOiiP {fRS 1021 'Accountili￿ R¢poiling by Chariti¢s'. s￿tement of Recoinmendcd Ptaciicc applicabl¢ io chariti¢¥ preptsring Ilicir a￿oU￿￿ in a¢coydan¢¢ with th¢ l-.inanciui R¢portiii& SEand4rd appliciblt in Ilie UK 4Dd RLpuhlic ol. IKland Il'.KS 1021 l¢ff¢¢liv¢ l Jllnuary 20191,, rinanciJl Reporiing Sil￿dard 102 '1l¢ Finonciol R¢portiDg Siandard applicabl¢ in Ihc UK and Republic tsf Iroland, and Ilie ChariLi¢5 2011. Th¢ rID￿Clo1 st￿eMentS liavc be¢ii prLwdred undcr lh¢ hI¥Lr>ri￿I ¢ost convcnlton. li)tom¢ All income i¥ J¢w811is¢d iii ilie Siai¢menl of Financial Adivitics onc¢ th£ GhBrity has witillcmenl 10 lh¢ fDnd& il i8 prohable Ihai Ihc incom¢ will bE re¢¢ived md lh¢ amounl ran iK Inw%uLed r¢liably. ExpeDditur¢ Liabilili¥s r¢co8ni5ed fys ¢xp¢ndilurc a5 soon as Ilieir is a le8al or c0115tyucliv¢ obligation commlttiiig Ihe thwiry to th￿ expenditure. i( is probabl¢ tli4t a Iiansfer of¢conon?ic btncftls will be required in stiilan¢ni and the Amount of Ilic ohligaiion can bc m¢a5ur¢d reliubly. bxpendilurc is UGCOUnt¢d foron an a¢Gru&15 basis ortd h tKen ¢lassifi¢J UDdcr hcudingb thal #88ie8ai¢ all cost rclatcd 10 Ihe uic8ory. Whttt COMS ￿nn(￿l bc diredly allribuied io porli¢ul•i' hcadings Ihty httv¢ bc¢ii allo¢&t¢d 10 activiti￿ on a ba515 C(￿Sl51ent wilh Ihe usc of resDufrv5. TMn¥lbl¢ ll¥ed assets D¢￿r¢lai10n is proYtd¢d 4t the followinB annual I'alc5 in prdEI' lo wiiie off e8¢h ass¢L over ils esilLn8ied uy¢ful lifE or. if held utvAcr a finabc¢ I¢u5e, Ov￿. Ihc Icas¢ tcrtn. whs¢hcY¢i' 15 Ihe shertcr. Improvmts lo LIFK)Id prop Church EquipmcThi rurniiur¢ & fiiiings Molorv¢hi¢les Offic¢ cquipmcn¢ 5Vh on r¢du¢in8 balon¢L' 250/¢ on rcducing bal￿tE 15% on rLYlucing bDI1￿¢t 25°A on rcducin8 balancc 20% Dn r¢duGin¥ balJn¢¢ Th¢ rharily 1$ ¢xcmpi from l&x on 115 choritabl¢ adlviti& Fuiid *tt(buntin Unrestrided fund% con be u5cd in ￿￿rdance wilh Ihe c]>arilablc objc4liv¢s aL thed15￿etiU14 of lh¢ liii*w. Resiri¢l¢d fuDd5 ¢wi oilly be uscd I￿. pariiculllr rL5lr1¢i￿ puryx)5Q4 tvitliin th¢ objec15 of IhL chartly. Rcskni¢iions aris¢ wh¢n sp¢¢tfi¢d by th¢ dontrr or whcn luiids ar¢ T&i$cd for wrtityJlBr rest11d¢￿ purroses. ruriher expl¥￿alL011 of Ihe nature and purpos¢of ea¢h lund is includ¢d in Ihc nolEs diL' tlnattc￿ siale4ncnL£. Fjbre pur£kna$o njjd l¢n$lnE ¢QIIIILhltnbtnts As$Ll$ obtaincd und¢r hir¢ PU￿￿￿5¢ conir&¢ts oi" finance l¢a5¢S Eirc capilolised in the Balallcc Sli¢¢l, Mios¢ h¢ld undei. hire purthdse coliti.￿15 WL. d¢preLiaLed Iheir ¢siirnai¢¢J us¥ful liyes. Thosc h¢ld undtr financ¢ l¢ases ar¢ depi'c¢iaied over their citim&ted us¢fLiI livr6 tsr Ihtt Itosc Icrm. whichcv¢r 15 3hortcr. Rcnlfyls paid UDd¢r opci'aitng Ica8¢s are chirg¢d 10 thc Slal¢m¢nt ofFinon¢ial Adiviiies on a 51Taight Ilne basi5 over th¢ period of Ili¢ lease. Pensioii costs JLnd otliei- iiost.r•(Irtment bene(Its 1"hL choriiy opciyw's a Ilefincd cvntriblllion pen%ion s¢h¢mo Contribuiions payable 10 Ihe chariiy¥ pension arc charged 10 th¢ Stai¢mci)l of finEncilll AcLivilie5 in th¢ pc4iod to wliich Ihty rclat ¢Ootin￿cd... TIIE REDEEMED CHRISTIAN CHURCH OF GOD RC i.lvi IVATER P Rl TO Tl.Ir riNANCIAI OR TIIE YEAIiCNDfD T Tf.MfNT8_ ¢*ilti¥kyed I DLCEMBER 202 DONATIONS AND LEGACIES 2023 2022 TSthes and Off¢rinB5 SuT¥Jry DOnHIioT￿lnwrn¢ Qift A5d Clalmed Spccial Building Fund Rcnièl IntoThc Sale of Communion Cllp5 350.554 14.007 76.195 50.750 35.801 7.176 318,531 6,941 08,500 2,050 35,800 7.005 534 483 43R.827 INV1￿MENT INCOME 2023 2022 Bank IntereJi 715 34 PARISH-MINISTRY EYPENSES Rxlslng d0th*t6D￿ #nd IEg*ci 2023 2022 FI¢)1￿?￿1￿M & Guest Minisierg Yovih and out￿l¢h A¢tivit)f5 Minisiry General Expenses Special Progrirnme Expen8eS 11,644 2.209 15.845 2Q.810 15,272 4,763 5,166 6.843 50,508 32.(￿4 Other trtdlftE Aetlvltb*J 2023 2022 Purchases 6.334 A8gregate imouthts 41.349 Page 7 th)nlinucd... 'rHL I1FDb:E￿IF. RCCG IIR TS-I'IAN f.H JRC14 or GOD L,IVINf. WA'I'LI R VARI NOTES TO THE I,-INANLIAI. 4." -rHF.YF Rr. DF.D.11 r)F.c.f￿l￿￿ Z02J CHURCH RUNNING AND ADMINISTRATION EXPENs￿S Supporl ¢08is (see nol¢ 61 Direct C05'15 'roials Missionw & Cliariiabl¢ Aclivili45 Motm8¢m¢nt & Adininislralion 35,420 35.42Q 293.145 293 145 35.420 295 145 328.565 SUPPORT COSTS Guvernan ManJgcm¢nt l.-inanc¢ Totals Mana8cmwil & AthninisiNioii 259.610 5.1)1¥ 27.617 293,145 TRusfEES' REMUNERATION AND BENFFITS I'litr¢ w¢re no tru51eel remun¢ratiOli QT tslh¢T bei*fiL5 for Ilte y¢ar ¢nd¢d 31 D¢wnbcr 2023 for the ycat eftded 31 D￿rIn￿Er 2022. Trtrst¢¢s' txpcmses Th¢re Iverc no Irustee5' expcn5e$ pthid for Ilic y￿r ended 31 De¢ember2023 nor for the ye9r cNl¢d 31 De¢¢mb¢r2022. STAFF COSTS 2023 2022 WJg¢5 1kn)d golarie Social securily cos15 Oihu costs 136,3L 7,928 127.JOO 6,091 7.922 151.502 I'he av¢ra8c monllily nunibcrof empLoY￿S during Ili¢ yw wos ￿ follow$'. 2023 2022 Sthn. No ¢mploy¢¢s ieLrivcd ernDlumcnis in cxcw of £fjO.WO. P4e ¢gnliDued... THCREDEEMEDCHRISTIAN CI4URCTrI QF GOD CG LIVING WA OTES TO TIIE fiNAN "IAL R KNDFI) I,'NTS. Ynntiniit¢l r.MBEII Zn23 COMPARATtVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre$trl¢ted fund R¢8irithed fut Toiol runds INCOME AND ENDOWMEF4TS FROM Donations and legacies 438.827 438,827 Inv¢sth¢m It￿0￿)e 34 34 TotAI 438.861 438 861 EXPENDXTURE ON Pairi$h-Minisiry cxpcnse$ 41J49 41.349 Cliftrltible & Admln15tratlon ¢xp¢nse$ MissionaTy & Charitable AGliviiies nagemeni & AdmintsirDilon 36.368 231,036 36,368 251.036 OiheT ¢o*s and dep￿Ciall0n 43.748 Totnl 372501 372.501 NET INCOME 66.360 66,360 RECONCILIATION OF FUNDS loial fundB brought forword 251.609 251.609 TOTAL PUNDS CAIiRIED FORWARD 317969 317,969 io. TANGIBLE FIXED ASSETS IMp￿V￿lS lo Llknld prop Chtsrth Equipm¢nl I'urttitUTC & riiiin COST At l J￿U￿ry 2023 Additions 389.084 187,134 48,575 t 31 Decemb¢r2023 389,084 208,676 DEPRECIATION Al l Jxnuttry 2021 Charge fory¢ar 229.838 167,221 10.J64 44.607 595 Al 31 DeccmhEr 202_1 237.8D 177585 NET IIOOK VALUE Ai 31 Dc¢¢mb¢r 2023 151.284 At 31 DceL'rnher 2022 159.246 19.913 3,90 Page 9 conlinucd... I'IIL IIF.DEf.MLD CIIIIISI-IAN C.HIIIIC.TrI OF C. cc. LIVING WATER PAR15H NOTfs TO THE FINANCI L.S'I'AI'EMTr*YI T8. R b JyDri) l D[,.CC￿11 10. TATr4CIBLE FIXED ASSETS- coTr¢ipu¢d Moioi vdil¢l¢$ otlic¢ equipm￿{ Tolal& COST At l Jonuary 2023 Additions 26J91 669,705 24,3¥2 2.84U At 31 D¢ccmkr 2023 26.591 694.087 DEPRQCIATION Al l JallU￿y 2023 Charse fur yea 25.771 205 15.657 483.094 20,227 At 31 Decemter 2023 25,976 503.321 NET BOOK VALUE Ai 31 Decembcr 202J 615 4.403 190.766 Atjl D¢G¢mbEr 2022 320 2,664 FIx￿j Issois. included in ili¢ a￿VE, whith ￿, held under hirL' purthaM' con11￿15 Or fjnance Ic&%es ar¢ #s follows- Church [quI￿71¢DI COST A¢ l January 2023 and 31 Dr￿nber 2023 39,206 DEPRECIATION A¢ l Jgnuary 2023 and 31 ￿￿enber 2023 33.924 NET BOOK VALUE AI 31 Dcc2mlKr 2023 5.282 At JI Dccmntrcr 2022 5.232 DEBTORS 2023 2022 Athourtis frtlli￿ durt wiihith oiic y¢ar. Oih¢rD¢*io>r5 11.652 5.152 Amounls falling duL afler MOEC Ilwi on¢ y￿1.. LWP A5sffj5 Invesunoni Lid 126.616 132.000 Ag8t¥gate amounts 138268 137.152 Pas¢ 10 oJTriinU￿... TIIE RIDCKMED CIIRISTIAN RISII O'l'E8'ro Tljl b INANCIAL s-fA'fEMINTS- tDlltin roR Tiir Y Dfc.F.Mlll 2023 CREDtTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 R¢nt D¢po%it TLxallon 8nd social security Othertred5iori 8,950 4,687 4.861 2.769 4.281 18.498 13. CRKDITORS.. AMouf4TS FALLING DUE ArrER MORKTHAN ONE YEAR 2023 2022 Bank Ii¥rns {se¢ T￿te 14) hcrcrcditors 28.879 75.2J2 39.785 75.232 14. LOANS An analysi5 ofthc maturity of IoAns 15 given b¢low' 2023 2022 Amounts falling in more than five YMI?., ft¢pay&bl¢ by in$talm¢nts'. Bank108￿ morc 5 yr by inswl 28,879 39,785 15. MOVEMENT IN FUNDS Nel rnovEmcnt in fu￿d¥ Al 31.1123 Al 1.1.23 Unr¢strfrted funds Oeneral fvnd 317,969 111,442 429,411 T￿rAL FUNDS 317,Y69 429,411 Net movemeni In fund& included in rlie ttbov¢ aT¢ as follows.. Incomin8 re50UWCS Rowurce exp¢JHl¢d Mpvcin¢nt in funds Unrestrlct¢d fiTnds General fund 535.198 1423,7561 TOTAL FUNDS 535 198 423 756) PA8¢ 1 ¢OMinu¥d... THn IlkDEEMED CIIRisfiAN CFI I,Ivi o'rLS-ro Tiif i-,TNANCIAI. sTATL￿ILN.15- contiisii¢ FOJ< I'IIF. I'FAR ENDI:, '.￿.m￿l,:1{2o23 15. MOVEMENT IN FUIYDS- foliti￿ve￿ CompArAtlves for movement in fuilds Nel Ai 1.1.22 irj fund5 31.12.22 Uijrc5trieie¢J Gcllernl fund 251,609 66.360 317,969 TOTAL FUNDS 251.6n9 66.3110 317.969 Comp8rJliVC net ]ntsvetnent in funds. includcd in ihc above arc ts folltsws.. liiEominB esources Rc50ur¢rs expMd¢d Movement funds Unr￿trICted fuiÉd$ Ci¢ncrlll lund 38,361 1372.501) 66,360 IDTAL FUNDS 438.861 1372.501 60.360 A currenlyc￿j2 Mont￿ anLi priorycar 12 monihg combiiied position is as follows., IIIOVCTD¢Dt in funds At 31.12.23 Ai 1.1.22 Uiirestri¢ted funds Gciw¥al fuzid 251.609 177,802 429.411 TOTAL FUNDS 251.609 177.502 429.411 A currinl ycar 12 Inon1I15 and prior ycji 12 months ¢ombiJia lid movemerti in fuThls. tncludcd in thc above ar as fellows.. Ine¢min8 Ilesource5 ¢XPEndtsJ Mowcm¢nl in fund5 UnrEStI'lCt￿1 GentrAI fund 974,059 1796.2571 177.802 TOTAL FUNDS 974.1159 796,257 177.802 Pagfv. 12 L¥)nilnu¢d... THF. JICI)CCMLD CHRISTIAN CIIURCII OF G RCCG LIVING WATER ARISII TPS'I-O T NC, roR TJ.Tr. Yr,AR r,NDf.D JI F,MEryT IB WR 2(12 16. RELATZD PARTY DISCLOSURES Ther¢w¢r¢no relatrd PAriy Iransactson$ fortheytor erbdcd 31 De¢emt¢r 2023. P88¢ 13 I'HF, RF.DECMF,D C.HRISTIAN 'HURCFI OF IICCG LIVINC. WATLR PA5IIS14 11.ED STA TLMkNT OF FINANC.IAI. Acrivi-riTr () 2023 2022 INCOME AND ENDOWMENTS DoDiiions AVLd le¥atAES .1 ilhu dnd Offerings Sundry Dortaiionsllncom¢ Gill Aid Claimid Special Building fund 350.554 14,007 76.195 50.750 35.801 7.176 318,531 6,941 68.5(H) 2,050 35,800 7,fj05 Sale ol'Lvmmunion Cups 534,48J 438,¥27 liJv¢slthertt Ill¢Ollht Djnl InL¢r¢$i 715 34 Totsi lkneomlrtg ￿80￿rt¢S 535.198 438.861 EXPENDITURE ftrLiSinE dongt10Tr5 leoxc1¢5 Hoiioiariuiii & Ou¢st Miiii51¥rs Youth at)d Ouircach Ai%ivIIic MiniSLry General Cxp¥n5e& SFt¢i&l Piogramme EX￿￿$¢0 11.044 2.209 15.845 20.810 15,272 4,763 5,166 6,84J 50,508 32.044 Otbor Irading a¢tlvltSes I)￿1￿h￿se$ olcotnmunion Cups 6,354 9.305 CliiYit•bl¢ 4¢tiviti¢J WIM-World EvJ)¥Tclj.%iii Mission Cenirol Offi¢c and Others 14ome Missioii & Oihcr Church Sori¢(ICS Donalion5 lo f&4tivol vf Lif¥ Sc¢ulaL" Chnriiic5 & R¢liefofpoverty 13,000 8.650 10,250 1.200 2.320 12.000 1.8 10.648 1.200 720 35,420 36.368 Other etssts & depretlation RcpaiJ¥, 5wviGin&i and Mainl¢1)￿¢¢ Misccllw)eou5 ¢xp¢nscs InsLirHnc¢ &nd I,i¢bTrLes tk'pn-lmprov't Uhold propeity Ikpn of thurch ¢4uipnicni Ikpn offuiniturc & filtlllBS J)¢pn of motoi. vehi¢1¢5 Ik.pn ol'orrJLc tquipineiit 17,254 217 6,539 7,962 10,3 595 205 9,6?5 6.638 700 273 666 38.329 43.74¥ 'llJis rA8L do¢5 not lorin part ol-¢he stslulory financial $iaitments Page14 I.IE RF.DCI,:MED CIIRI .Ivi TIAN IIURCIT OF GOD IVATER OV FINAN AL-.'fiviTIFS roft i'iii:, Yr.AR F.NDfi.D 31 Dfi.cr.MiIF.1120Z3 2023 2022 Support eo$i$ Chtsr¢h MAh*g¢Mtnt & AilmS#lstNtlon Siaff and SalANes Employe¢s Noti01141 In$ururt¢ PeD5ion5 Hrre of Equipment Rttnl Rttieg Telephon¢ Printin& P051as¢ & Stalionery Adveriisinb Computer Co￿￿￿*bI¢S Iniernet & Subs¢rlptiory Motor& I'r4n$J￿OtlOD 136,306 7.928 7,268 127,3 6,091 7.922 103 80.628 5.898 .443 S49 650 1.347 78.160 4,603 4,199 376 1,058 2,386 259,610 238,537 Fln*nce Hir¢ PuTGhHse Bamk chwgcs & inttrtst 5.648 270 7.200 19 J.918 7219 Gov¢rTrantB costs Avdii atyd ACCOUn￿¢Y F¢cs Lyl and Consultancy feej 2.080 2.080 Total ruource5 expetthd 423.756 372,501 N•t In￿me 66,36 Thi¥ ￿ge thes not forni part of Ihe ststurory fin￿)¢1￿1 statemcnts Page 13 Ch•flty number: IIOIB24 THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WATER PARISH IA Charltable Trust) TRUSTEES, ANNUAL REPORT AND FINANaAL sfATEMENTS FOR THE YEAR ENDED THE aisT OF DECEMBER 2023 CONTENTS Page R•ference and admlnistrativè details of the Charity, Its trustees. and advlsers Board of Tru5tees' report Independent audltors, report Statement of financial activltles Balance sheet Note5 to the financial Statements RCCG LIVING WATER PARISH (A ChstliAble Tnjst) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED THE alST OF DECEMBER 2023 Board of DlrectorslTrustees Dr Olusola David Oludoyi- Chair Vlctorla Modupeola Atere Adeblsi Taludeen Olowu Samuel Oladele Bakare Ayodejl Phillp Coo Charlty reBlstered r4umber 1101824 Reg15teied offlce RCCG- Llvlng Water P?rSsh 169- 171 Naydons Road South Wlmbledon London SW19 8T8 Independent Examlner Name Company Detalls Address Bankers Barclays Bank PLC 41 Woolwlch New Road London SE18 6NU I>A8e l of 17 RCCG LIVING WATER PARISH {A Cb&tit#ble TnL8¢> THE BOARD OF TRU5TEES' REPORT FOR THE YEAR ENDING 31ST DECEM&ER 2023 The audited flnancial statements and annual report of rhe Livin8 Water Parish (the charitsble organlsatiowil are presented by the Board of Trustees for khe fiKal yearending December 31,2023. The Board ofTrustees affirms that the charitable organization's annual report and financlal statements are In accordance with the stipulations and obliEations Dutlined in the Charities Act 2011 and the Charities Act 2022. Furthermore, the Board of Trusiees affirm5 that all present statutory obligations have been met. Sncludin8 those outlined In the governing dotument of the charitable organlsation and the Statement of Recommended Practlse, whlch is appllcable to charitie5 preparin8 thelr accounts in 3ccordan£e with the Financial Reporting Standard IFRS 1021. Structure, Governance and Management CONSTITUMON The LNing Water Parlsh is a reglstered charity establlshed for publlc beneflt under a Deed of Trust dated the 14th of August 2003, as revlsed on the 310 of September 2014 and Is a reglstered charity with charity number 1101824. The Charity Is controlled by its governln8 document, a Trust Deed and constitutes a trust. Furthermore, alon6side the aforementioned aspects, many control policies are formulated in collaboration with our governing document and overarchin8 8overnment re8ulations, seNing a5 a framework for the routlne functioning of operations. b. METHOD OF APPOINTMENT OR ELECTION OF BOARD OF TRUSTEES The management of the charitable organisation is the re5ponslbllily Of the Board of Trustees, who are appointed and co-opted under the tenns of the Trust Deed. There are currently five trustees who have been appointed as of the 31"° December. POLiaES ADOPTED FOR THE INDUCTION AND TRAINING OF BOARD OF TRUSTEES A newly appolnted member of the Board of Trustees undergoes an induction pro¢e55 that consist5 of an Inltlal meeting with the Chair and other Trustee5. Subsequently, the member participales in a sequence Page 2 of 17 RCCG LIVING VIATER PARISH IA ChadtAble Ttu¥t) of brief meetln8s with the lead Pastor, who seryes a5 the Chief Executive and prowdes 8uldance on the Trvstee5' powers and responslbllities. The Trustee recelves a Trustees Induction Pack that contains the Charitable or83niiatSon's goveTnlnB documents. the newly drafted PastorslTru5tees Code of Conduct, and excerpts from the Charty Comm5s5iofb'S Guidelines, such as Doc CC3 and CCII, 1.2., the Expenses and Payment of the Trustees and the Essential Trustee-. What You Need to Know. Periodlcally, the trustees wlll be reglstered in vaylous tralnlng events, conferences, ènd seminar5 in order to augment thèlr governance capabllltles and ensure they remain updated on thelr responslbllltles ènd sector- specific developments. These will facilitate adherence to relevant laws and offer the necessary degree of confidence In the perforrnance of thelr re5ponslblllties. ORGANISATIONAL sfRUCTURE AND DECISION MAKING The organlsatlon'5 8overnan¢e is wholly governed by the tems of Its Trust Deed. notwlthstandln8 the presence of an inspiratioTral senior pastor. Therefore, the Charity is strurtured 50 the Board of Trustees meets re8ularly to manage Its affairs. The charlty's day-to-day adminlstrationlmanagement is delegated to the Lead Pastor, who promptly reports un the charity'5 operations to the trustees. The relationship between the pastors and the trustees is regulated vla Its PastorslTNstees Code of Conduct document. Nonetheless, the actlve Involvement of the 8oard of Trustees Is cruclal In safeguardlng the welfare of the charlty, partlcularly In 51tuations where there is a substantlal r15k and the potential consequences for the charlty are slgnlficant. Board meetings are docvmented in mlnutes and di5semlnated to trustees wlih artion items and responsibilities. The mlnutes seNe as an endurlng ￿Cord of the board's decislon- making proce55. RISK MANAGEMENT The irustees understand their obligation to identify and assess the rlsks to which the charity is susceptible, In addition to ensuring that approprbate safeguards are established to mi1183te the possiblllty of fraud and error. The Board of Trustees has adopted a rlsk evaluatlon methodoloEy that includes the perlodic Identlficallon and evaluation of risks. which ultimately leads to developlng strategles to mitigate the Identified rlsks. One of these measures conslsts of t¢nductlng routine legal health checks to isse5S the organisation's operatlonal health at any Biven time. Durlng the period under review, 3 periodic health checkwas perfomed to evaluate the charlty's risk level and ensure its interes15 P#ge 3 of l? RCCG LIVING WATER PARISH IA Ch*ri¢Abk Ttust) were $3feguarded. The Trustees trust the current 5¥Stems, considering them adequate to reduce the organlzation's susceptibility to substantial rlsks and promptly adjust to the severity of an¥ possible new rlsks. The TrLtstees are certaln thal the existing 5Y5tems are sufficient to mitigate the organization's vulnerabllity to SiEnificant risks and promptly account for the gravity gf any emerging risks. The Trustees have, therefore. undertaken an assessment of the Most substantial risks to which the Charity mi8ht be susceptible. Among the primary concerns is ensuring that the charity has adequate pollcles In place to protett against the mosl critical operatlonal and flnanclal résk5. in additSon to the business risks to which it 15 exposed. The Trustees have implemented effective measures to reduce the likelihood of these identified risks materialisin8. One such measure is the creation of o Policy Dlgest, which comprehen5ivety addresses the Critical areas of potential risks that may impede the charity's effective operation. Objectives and Actlvities OBJECTIVES The object5 of Living Water Parlsh are.. 11 The advancement of the Chrlstlan Faith worldwide in accordance with the doctrines set out in the statement of faith contalned In the schedule. 21 The rellef of poverty, the tfustees must Use the income and may use the capital of the trust In promoting the object5. Llving Waier Parish Is a member of The Redeemed Christian Church of God, which h35 parishes worldwlde. As part of following the chaiitable objective5, the Llving Water Parish aim5 tD- o Turn the heart of men back to God. Feed the word of God to those hunEry to sat15fy thelr longing souls. o Equlp the heart of man with the wherewithal to set It free from mediocre mentalSty. o Nourish man wlth the word to turn loose the powei of God Sn man to be a blessing Enrich the spirit wlth the vitality of eternal life wlth an assurance of the crown of glory. Ralse up people capable of affectlng their generation positively for God. Revlve, Reconcile and Restore lost hopes. o Lift up the banner of Chrlst on the foundatlons of many generatlons. Page 4 or 17 RCCG LIVING WATER PARISH IA Chatit*ble Ttust) rhe trustee5 confirm that they have referred to the guidance cuntalned In the Charlty Commission's general guidance on publlc benefft when reviewlng the Trust's alm5 and objertive5 and in planning future activltles. STRATEGIES FOR ACHIEVING OBJECTIVES Significant differences were observed in thi5 tiscal year compared to the prevlous year, which commenced durlng the eommunlty's recovery from the prolonged effects of the gtobal pandemic. A¢tlvltles have resumed as usual, however, dvrln8 the perlod under revlew. "Vision 2022 - Touchin8 Llves was the church's central vision theme. The charStable organlsation declded to perslst with the adaptlve approaches utllised to benefit further ihe resldents of the South Wimbledon wlon, its desi8nated area. As a result. the charitable organi5ation continued to employ the folk)wing 5trategies-. Provision of pastoral care for beneficlartes, Includ1￿ continued communication with our members throughout and Wond the lockdown, as we have done in prior l¢xkdowns. We gave the Following pretedence.. o to ensure the continued operation of the Prayer Cells for Men, Women. and Youth, establlshed In 2020, to meet our members, 5plrltual and physlcal needs. o ensurlng the material welfare of charity member5 by ¢onslStently contributing monthly food hampers, especially ssn￿ the year under review encountered a new obstacle- the escalatlon of the cost-of.Ilvlng crS515- de5plte experlenclng some rellef from the effects of COVID-19-use of technology to substitute physicèl meetSngslactfvities Wlth online meetlngs/actlvltles. Enhanced approaches to comrnunication and involvement with staff, volunteers, reclplents, and pertinent stakeholders. Participatlon in comrnunlty outreach for children and teenagers, through which they dlsirlbuted wèter and tracts al WSrnbledon slatlon, also organised cake exhibltioft to ralse fund5 foT sSck chlldren In hospitals. The net proceeds from these sales were donated to a charitable organlsatlon that Shares slmilar value5. Adoptln8 values, dtversiAed and varied approach to events throughout the year, with themes such as Goodness Df the Lord in January, Yhe Call of God" in March, "The Fear of God" in June, ' EverlastinB Jol, In September, and ' The Path of Life" in December Preservlng splritual growth through events such as 'Preserve Your Seed, occurring on every third Sunday of the first nine month5 of the year. among others, events that catered lo the spirltual and physlcal need5 of church members during the various seasons. Po8e 5 of 17 RCCG LIVING WATER PARISH (A Clwitthble Ttlisr) The mission of the Living Water Pèrlsh, whlch was to bring loy into the lives of community members through service and the connection of indlviduals wlth God, was sustained and upheld. Since the onset of the pandemic four years 380, numerous individuals have been granted the opportunity and convenience to participate in our events remotely via tethnologically advanced means as an alternative to attending in-person gotherings. However. notwlth5tanding Ihe sustained prosperity of both in-per50n and online 8atheiings three years subsequent to the lockdown periods characterised by the prevalence of online meetings, this evolution has failed to dlssuade numerous Indlvidua15 from partlclpatlnE in physlcal fellowshSp among church members, an endeavour attively advocated by the organlsatlon for multiple reasons, intluding safeguarding the mental and social well-belng of its members. A profound appreciation 45 extended to the numerou5 volunteers who devote their tlme each week, includ￿nE evenings and weekends, to assist the church. As a result of their dedication, support, and asslstance In advancing activities that bring the communlty c105er to God, the Livin8 W3ter Parlsh 15 highly appreciative of these volunteers. AcfiviTIES FOR ACHIEVING 08JECTIVES We carry out varitrus activities such as- Organisin& supportlngi and resourclng Chrlstlan misslon as well as other positive charitable Prayer sessions IPre5etve your Seed, Morning Dews, End of the Month Praye¥s, and Prayers for Profession A-ZI Special Day events such as JOALT (Couples 6reakfastl, Fathers/Motherfs Day, Friends Dayi Elder5 Day Online SeNices and Zoom Hangout Community Outreach progr3mme5 Living Voice5 Choir Love and Christma5 Outreach d. PUBLIC BENEFIT STATEMENT The Board of Trustees confirms that they have met their dutles In strict compliance with the provisions of sections 4 and 17 of the Charltie5 Act 2011 and have had due regard to the Charity Commission's general guidance on public benefit. Particular consideration ha5 been given to the Charity Commission'5 l)Ag¢ O Df 17 RCCG LIVJNG WATER PARISH IA Charitable Ttust) svpplementary public guidance provisions on the advancement of Christian faith for the publrc benefit. Llvlng Water Parlsh ha5 contlnued to provlde publlc benefit through orBanising Sunday seNlces. religious teachlng. worshlp, communlty outreach events, evangelism and providing support for eommunlty members. Achlevements and Performance . REVIEW OF AcrivmES As a result of divine or¢hestratlon in actordante with the God-glven plan, Lfvlng Water ParSsh contlnues to expand as a congregatlon that restore5 broken rel3lionshlp5 and God-ordalned families In accordaftce with the powerof the Holysplrit. The organlzatlon's endeavours are signilicantly influeneing publitopinion and national recognitlon whlle furtherlng the cause of Chr15tlanlty. The Llving Watèr Parish ha5 been bestowed with the dlvlne mandate to serwe the local communltythrough the followln8 means.. educatlng Indivldua15 about the Bible, introdueing them to the purpose that God has established forthem in the world. and furnishing them wilh the necessary re50urce5 to caryy out that purpose effectfvely. The charitable orgènisation engaged in a varlety of actlvltles for the beneflt of the public durlng the period ur)der review, Some of such aclfvlties are summarised below:_ Servlces and Pr8yeT Sesslons The activities facilitated by the ¢hariiable organisatlon were executed employlng a multlfaceted and practlcal approach. ChLtrch gatherings were conducted in physical and virtual formats, during which members delivered talks In diverse formats and subjects to clarify further and elaborate on the Church's mlsslon and objective. The Living Water Parlsh seletted diverse themes for ihe month5 under review, which resulted in the development of multiple actwlties and programmes olmed at teaching attendees about the concept of impatt and our resportslbilities and roles In ensuring that our interaction5 wlth society and others have the mos¢ positive influence p0551ble. Pige7of17 RCCG LIVING WATER PARISH {A Chatltablt Tt116t) In pur5UIt of thi5 objective. the charitable organisation persisted in engaging with its members and plating premlum on their spiritual and physlcal welfare by ensuring the continued operalion of the Prayer Cells for Men, Women, and Youth, whlch were established three years a80, to atten(I to their spiritual requirements. Additionalty, LWP ensured the material welfare of her members by consistently deliverln8 monthly food hampers. Each of these min15tratlons and outreaches has made a unlque contribution to the betterment cif the conBregation at Living Water Parish. These contributions Include participation In monthly Yoruba servlces. Igbo services, weekly Bible studles, vlgils, communion, Sunday worshlp seryice5, and youth Services. An additional noteworthy occurrence during the period under tonslderation year is the periodlc prayer sessSons known as "PreseNè Your Seed.. whlch are devoted to both born and unborn children. This was held from 7:30 a.m. to 9..00 a.m. on the third Sunday of the initial nine months of each year. It effectively fostered a sense of connection among its members regarding the value and importance of the firstborn of each familv. which is deeply ingrained in the cvlture of the majority of church members. While this is a yearly occurrente for the charity, the 'Preserve Your Seed" prayers were especially significant for this year because the vision Was founded ten years ago. The year under consideration marked the culmination of the organlzation's tenth anniversary. Thirty days were devoted during November to prayer. fasting, and solld Instruction re8ardinB the power of the Holy Spirit. This was conslstent with the theme Df the month the Holy Spirit. This activity facilitated the partlclpants, trarbsformation into conduits of divine power. It sparked spiritual Teverence and satlsfactlon In the executlon of God's purposes, specifically strengthening our bond wlth the Third Person ol the Trinitv. These strategies, in addition to our diverse array of activlties, are in accordante with the charitable objectives of the charltable organi5dtion. Con5equentty, The Livlng Water Parish's diverse laitiatives and gatherings contribute to the continuous worldwide Spread of the ChrSstian faith. 11. Communlty Outreach and Ehgagement By f05terins an atmosphere of optimism, the Livin8 Water Parish has eonsistently served as a dependable pillar of Support. The divine mission of the Llving Water Parish is to seNe the local community by educating Individu315 about the Bible, inlroduring them to the purpose for which they were created, and providing them wlth the necessary resources to carry out that purpose. Throu8h the consistent organisation ot outreach activities, the Church emhibits a profound dedication to Pi8e 8 of 17 RCCG LtVlNG WATER PARISH (A Ch￿tItable Tftist) evanBelSsm and advan¢Sn8 the Christian falth. To achleve this oblettlve. the Llvlng Water Parlsh or8anised regvlar events that demanded tho partlcipatlon of all members to work together harmoniously in order to publicise the charity's presence. The theme "Touching Lives" wa5 the vision articulated by the learl pastor, which motlvated congregatlon members to engage In actlons that had a meaningful impact on those in thelr viclnity. The monthly objective was to signlflcantly affect the lives of at least one person, for a total of twelve Ilves that each congregatlon member Sought to Influence. The vision for the year under revlew contlnued the prevlou5 year'5 but Wbs executed with greater enthvslasm. The conEreEatlon remains gulded in Its daily operations by Its fundamental ethlcal and splrltual prlnciples a5 It dlllgently $trlves to achieve the goals and oblectives that have been established. The charity has hosted a variety of joyous and dlverse celebratlons throughout the year. Includlng JOALT (Couples Breakfast). Mother's Dayi Father's Day, Children's Day, Elders Day, Frlends Day, and Teenagers Week. These occaslons have allowed the charity to or8anlse focused Celebrations that have brought lau8hter and dellght to the communlty members. Notable wa5 the InltlatSve ihe youth and children's organlsations through whlch they dlstributed water and trarts at Wlmbledon station, also organised cake exhibition to raise funds for sltk Child￿n in hospltsls. The net proceedslrom these sales were donated to a charltable organ15atlon wlth slmllar oblectlves. Additlonally4 during the period under examinatlon, It is pertlnent to highlight the Lwing Women conference, an initlative designed to promote women's outreach. The church also celebrated two landmark annlversaries, the 10th year annlversary of our 'Preserve Your Seed" seThlce and the flrst-year anniversary of our Igbo language seNice. The charltable organisation regards outreach as an essentSal mechanism for both promoting the Chri5tlan falth and mltigating or preventlng poverty In the Immedlate vlclnlty. The Church engages Sn communlty service to proclalm the gospel. lil. Community Outdoor Event5 Grven The Living Water Parish's contlnuous endeavours to exert a strateglc Snfluence In the community, 5Sgniflcant number of events have been organlsed and executed with the expliclt p￿rpOSe of enga8in8 in dialogue with both conBregatSon mernbers and non-members. Llvlng Water Parish takes great prlde In its football team, comprised of boys, and men's division5. Both P?ge9oF17 RCCG LIVING WATER PARISH (A Cliaritablt TtU6tl teams actlvely engaged and e5tabli5hed connections with other Christian communlties by particlpatlng In home and away 8arnesi pramoting èxceptional health practlses and well-bein8. Additionally, the promotlon of other athletic competitions hosled by the church fostered strong communlty ties with the charSty and improved the mental health of familles. Addltlonally, the thurch hosted a family fun day for all church members and the 8reater Community, where families and children could enjoy the weather while participatlng in friendly SPDrting compelltlons that promoted the advancement of Christlanity and the Church's values. In furtherance of the Gospel's message, the charity embarked on series of Evaneelistic engagement, the charity was also privileged to use its prem15es as a traininE centre by the Billy Graham Evangelistlc Outreach. The Community impact gr¢up visits the Sc*uth Park Care Home annually as part of our outreach, and the choir mlnlsters at rhe pub Garden Shed on Haydons Road as we spread love during this sea50n. The urrence evoked elation amon8 all 8ttendee5, and it was apparent that it was precipitated by the Holv Spirit's influente. The amblence evokes thoughts of the true purpose of the season the blrth of Je5U5 and the message of genuine love and light it imparts to a world Striving for such qualltles. The church executed and coordinated the actlvities with tremendou5 success, accurately recording the attendance of those present in peison. These artivities have tonsiderably impacted irtdivlduals. faeilltatlng the growth of their religious devotion to God. Their impacts have permeated not only the brooder communSty but also families, Considerable effort was devoted tQ 8uaranteeing that children received robust Christian education and that individuals who were iSDlated wiihln the communlty experienced compassion and support. iv. Monthly Vigils and Prayerslprayer Meetlngs Every last Friday of eaih rnonth, the church con8regation assembles for vigil anil communion services. during which all church members engage In collective prayer. In accordance with churth tradltion. the twelve months of the year were assigned distlnct themes, and that month's theme Influenced the 5plrStual orlentation of the church during that partlcular mornth. The theme5 comprised, among others, 'Love" in February. 'lesus" In Aprll, 'Pres5ing On, in July, and Falth That Endures" In October The themes above served to empha515e ihe Friday nlBht vlgil's trajectory and other SiEnificant aspects Pa8e IDoF17 RCCG LIVTNG WATER PARISH (A Charitable Tftust) deliberated upon durin8 the prayer 5e55ion5. The fLrndamental Intentlon of each rellglous serylce Is to en8age in the worship of God. To a￿0￿pIlsh th15, attendees sing hymns and vocallse God's word as an expression of thelr gratitude, admlration, and awe. Furthermore, the actlvitles and thernes of the church stimulated profound contemplatlon regartllng God's conceptlon of love. Members have galned a deeper understanding of connecting with God'5 ble5sing5 overthe course of the year. These actSvltle5, Implemented throughout the congregatlon, allgn with the philanthropic goal of spreading the Chrlstian falth in natlons aeross the globe. The Llvlne Volces Cholr The Church Cholr, also known as The Llvlng Volces, has malntained regular meetin8s and recruited new members overthe course of the yeaT. Each weeL the Choir performs and practises in front of the congregation, Illuminating the splrlts of all In attendance and brlnglng delight and excitement. Th15 activlty aids in the fulfllment of all charltèble goals by providlng members wlth a platform to showcase their talents and by fosterlng a sense of unlty among members both Inslde an(lo￿51de the Church, through the medlum ot muslc. Consequently* th15 would lead to a sur8e in the Influx of fresh members. FurthemiDre, indlvidua15 involved in thls endeavour are provlded with the chance to express their thoughts. Social Medla Prèsence and WebsEte Attractlon By vtilislng our online platforms and soclal medla accounts, The Llvins Water Parish has malntalned contsct wlth prospectlve and cUT￿nt members. The dlverse WhatsApp group5 5ervE multiple function5, including dlsseminatlfig informatlon reg)rdlng churth affalrs, commemorating milestones, and provldlng updates on various matters. Replays of recordings of our services are accesslble to both members and non-members who log in to any of our online platforms and participate In one of our services. AddStlonally* they have the capability to view recordlngs of our seryices being recapped. Furthermore. an annual video entitled "So Far, So Good" is 8enerated to celebrate and identify the Church's wins and challenges over the course of the year. Thls endeovour enhan￿5 the Charily's fundions. acce55ibility and furthers the Christian faith throu8h the online Pfi8ell of 17 RCCG LIVING WATER PARISH IA Chthritable Tru$t> dissemination of Christian values that are actessible domestically and globally. Church TlthinEI Benevolence Glving The ccjngregation ha5 perpetually been Inspired to embody the teèchlngs of the Blble through their benevolent and cheerful contributions. Furthermore, the chaiilable organi5ation tonslstently allocates a portion of its revenue towards charitable endeavour5 and tithin8. This is accomplished throu8h monthly contrlbutions to churches, community projects, and a variety of ¢our5es per the charity's objectives and goa15. Thi5 undertaklng has brought us one step closer to accompllshlng our charitable objective, wt)ich1s to mitigate poverty on a global Scale. Conclusion Due to ihe successful conclusion of the recuperation process Initiated in response tD the ¢ost-Df-livinE crisis, which t105ely followed the pèndemic, the year concluded optimlstS¢ally Jrbd wlth gratitude. The Llving Water Parish is committed to praising God for His benevolence towards ils members and the broader comrnunitv. The Living Water Parish has once again achieved remarkable success, mainly attributable to its members, vigilance, which en8bled the congregation to welcome new members and sub5tantlally impact the communitv. The organisation has per515ted in its commltment to advancinB the Christian faith and alleviating povertv. b. INVESTMENT POLICY AND PERFOAMANCE As far as posslble, funds will be retained in Interest-bearlng accounts, The Board of Trustees contlnues to explore other safe Investment strategles to ensure belter returns. In addition, the Trustees would continue to explore investment optlons based on the requlsite leEal and financlal advice/guidance with the aim of making an informed decision in due course. C. FACTORS RELEVANT TO ACHIEVE oBJE￿IVES Consistent spiritual inspiratlon, responsible financial management, and enhanced knowledge amon8 the Iru5teès of their own strategic and fiduciary responsibilities are essential components In accomplishlng our Eoals. Thls is because the majority of ihe support for all ol the necessary activities required to attain our goals Page 12 u(17 RCCG LIVING Y¥ATER PARISH (A Charit&ble Ttiist} can be achieved through dlvlne Insplratlon. strategic thinking. appropriate finan¢i31 resources and accountabllity. FINAPICIAL REVIEW The immediate financial posltion of the charitable organisation is good, and the long-term position 15 Stable. RESERVE POLICY The Board of Trustees ha5 establlshed a pollcy whereby the unrestricted funds not commltted or irwested in tangible fixed assets I'the free reserwes'l held by the charitable organisatlon shtsuld be Three131 months of annual expenditure. At thls level, the B08rd of Trustees holds the vlewthat theywould be able to continue the urrent activities of the charltable organisation in the event of a signifl¢ant drop in funding. The Board of Trustees meets qU3rtedy to review Its reserve policy to align with the more comprehensNe strategic plan5. This is to ensure that the reserve level we hold 15 appropriate to ourcurrent Posltlon and annual expenditure and to take into full cognisan¢e what our future strate8ic plan5 are. b. PRINCIPAL FLINDING This Is provlded malnly through contributions and donatlons from members. PLANS FOR THE FUTURE a. FUTURE DEVELOPMENTS As outllned In Its 8overnin8 documents, the charitable or8anisation will continue to take the necessary actions to achleve its prirnary oblective5, whlch include planting zdijltlonal churches or providing support for planting Page 13of 17 RCCG LIVING WATER PARISH (A ch￿118b1¢ Ttust) other churches to advance its ¢harltable purpose5. Furthermore. the charitable organi5atSon shall undertake sub51antlal measures to expand its resources and swayi which shall subsequently be utilised to advance the charitable ¢bje¢tives of the orEani5atlon further. The Charlty wlll perslst in its readiness tD collaborate with and offer financial asslstance to initiatives that share similar goals, including conferences, events, and churches afflliated with non-governmental organlsations (NGOS) domestically arbd internationally. The underlying motlvailon behind ihese endeavours is the overarching goal of proliferatinB the Christian Faith and its principles on a global scale. BOARD OF TRUSTEE5' RE5PONSI8IUTIES STATEMENT The Preparation bf the Board of Trustees, report and financial statements in adherence to United Kingdom Accountlng Standards IThe Unlted Klngdom Generally Accepted Accountlng Pyactlsel and applicable leE151ation falls under the purview of the 8oard of Trustees. The Board of Trustees must compile financial statements each flscal year. To grant approval to the financial statements, the Board of Trustees must be certain that they provide an exact and impartial deplction of the charitable organlzatlon's curreni condltlon, as well as its Incomlng and outgolng resources, Income, and expenditures during the specilied period. The Board of Trustees is obligated to do the following In preparinE these financial statements: selett and consistently apply appropriate aEcounting policies. adhere 10 the methods and principles outlined in the Charities SORP.. make reasonable and prudent judgements and estimates,. confirm compliance with applicable UK Accounting Standards. wilh the exception of any material deviations that have been disclosed and explained in the financial 5tatements,' prepare the flnancial statements. The Board of Trustees 55 responslble for maintsining sufflcient accounllng records that provide reasonable accuracy regarding the charitable or8aniiation's financial position at all tlmes. These fecords also empower the board to verify the financial statement5. Additionally. they are responsible tor protectln8 the charitable or8anization'5 assets and, in doing so, must implement reasonable measures to detert and prevent fraudulent activitie5 and other irregularltles. PAgc 14 of 17 RCCG LfviNG WATER PARISH (A ChAtitoblc Tn18¢) Thls report was approved by the Board of Trustees on bv: 2024 and slgned on its behalf Olusola Davld Oludoyl Page 15 of17