Still Waters Trust Society
Report and Financial Statements
31 March 2023
Registered Charity no. 1131594
Still Waters Trust Society
Reference and administrative details
For the year ended 31 March 2023
| Status | The organisation is a charitable trust formed by deed of trust dated |
|---|---|
| 1st September 2009 | |
| Charity number | 1131594 |
| Operational address | 68 Manor Road |
| Barnet | |
| Hertfordshire | |
| EN5 2LG | |
| Trustees | Rev. V. F. George, MBE |
| Mrs. H. George | |
| Ms. B. Harris | |
| Mr. A. Edrupt | |
| Mrs. N. Dias Bandaranaike (Appointed 29-10-2022) | |
| Mr. S. Katuwawala (Appointed 29-10-2022) | |
| Bankers | NatWest |
| 786 High Road | |
| London | |
| N12 9QT | |
| Independent Examiner | Mrs Sandra Steels |
Page 2
Still Waters Trust Society
Report of the Trustees
For the year ended 31 March 2023
The Trustees present their report and the financial statements for the year ended 31 March 2023.
Statement of Recommended Practice - Accounting and Reporting by Charities, issued March 2005.
Structure, Governance and Management
management of the charity’s bank accounts.
reputation.
The charity fundraises for specific projects and does not commit to provide resources greater than received from the fundraising activities.
Objectives and Activities
The objectives of Still Waters Trust Society in Sri Lanka (which is a registered charity in that country) are to
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make a difference and bring hope to the lives of vulnerable children and families
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who have been damaged by poverty, ill health, and natural disaster;
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provide financial support for poor, underprivileged families;
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enable children who would otherwise be vulnerable and at risk to continue their
education and where possible work towards further education;
- be an equal opportunity employer, giving significance and value to our
staff and volunteers.
The funds raised by us are remitted to Still Waters in Sri Lanka and expended locally
there in accordance with the plans approved in advance by this charity’s Trustees.
Still Waters' Mission can be summed up as caring with compassion in the name of Jesus.
We are committed to
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reach out in love to the poor and powerless;
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be an inclusive charitable organisation in which our care and support is open to all, irrespective of class, caste, race or creed;
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encourage and motivate individuals and faith communities to give generously to help the poor.
Our aims and objectives were frustrated by Covid-19 and the resultant restrictions imposed. These restrictions remained throughout the whole of the
the events which we would normally have organised were impossible to implement. This of course had deleterious effects on our fundraising.
Achievements and Performance
Sri Lanka
children to remain in school and attempt 'O' and 'A' level qualifications, and to avoid their being removed from school to bring in an income for the family.
and the relevant schools send reports on the children's progress.
Page 3
Still Waters Trust Society
Report of the Trustees (continued)
For the year ended 31 March 2023
Funding Partners
We appreciate greatly the support in prayer and finance given during the year by our generous donors, many of whom
give monthly to this work. During 2022-23 we acknowledge the generous support received from charities and individuals:
St. James Place Foundation £2,500 B. Harris £2,000 J. Alford £1,420 H. George £1,200 C. Robinson £1,200 S. & B. Hitchcock £1,170 Woodstock Baptist Church £1,132 F. & G. Darabi £1,070 J. Whyman £990 J. Gray £800 J. Moussavi £680
Public Benefit
The committee has read and understood the Public Benefit guidance provided by the Charity Commission and is satisfied that the funds raised by us and ultimately expended by Still Waters in Sri Lanka fall well within the scope of this guidance as all funds raised by us are used for projects, or a specified project in some cases (specified by Still Waters in Sri Lanka), for the benefit of vulnerable children and families in Sri Lanka.
Reserves Policy
The Trustees continue to review the appropriate level of reserves required annually.
The main purpose of our reserves is:
· to meet the commitments we have made to our partners.
· to enable us to react quickly to new challenges when faced with extreme need requiring crisis relief in times of natural disaster, major crisis or disease.
In practice we aim to have at least 3 months of revenue costs together with contingency of £5,000.
The accounts show that the charity holds sufficient reserves in line with this policy.
Responsibilities of the Trustees
Law applicable to charities in England and Wales requires the Trustees to prepare the financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently
make judgments and estimates that are reasonable and prudent
state whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements
prepare the financial statements on the going-concern basis unless it is inappropriate to assume that the charity will continue on that basis.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 2023 and signed on their behalf by
Andrew Edrupt (Trustee) V Frederick George MBE (Chairman)
Page 4
Still Waters Trust Society
Statement of Financial Activities (incorporating an income & expenditure account) for the year ended 31 March 2023
Notes Incoming resources Voluntary Income 2 Other Income Total incoming resources Resources expended Charitable activities 3 Governance costs 3 Total resources expended Net incoming/ (outgoing) resources for the year Funds brought forward at 1 April 2022 Transfers Funds carried forward at 31 March 2023 Still Waters Trust Society Balance Sheet as at 31 March 2023 Current Assets Cash at bank Debtors Current Liabilities Creditors Net current assets Net assets Funds Restricted funds Unrestricted general funds Total Funds |
Restricted Funds 2023 £ - - - - - - - - - - |
General Funds 2023 £ 28,135 249 28,384 10,745 317 11,063 17,321 43,383 - 60,704 |
Total Funds 2023 £ 28,135 249 28,384 10,745 317 11,063 17,321 43,383 - 60,704 2023 £ 60,704 - 60,704 - 60,704 60,704 - 60,704 60,704 |
Total Funds 2022 £ 22,243 4 |
|---|---|---|---|---|
| 22,246 | ||||
| 11,173 1,197 |
||||
| 12,370 | ||||
| 9,877 33,506 - |
||||
| 43,383 | ||||
| 2022 £ 43,383 - |
||||
| 43,383 - |
||||
| 43,383 | ||||
| 43,383 | ||||
| - 43,383 |
||||
| 43,383 |
Approved by the Trustees on and signed on their behalf by
Andrew Edrupt (Trustee) V Frederick George (Trustee)
Page 5
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF STILL WATERS TRUST SOCIETY
I report on the accounts of the charity for the year ended 31st March 2023, which are set out on pages 4 to 7.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under section 43(3) of the 1993 Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with
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the accounting requirements of the 1993 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Name: Mrs Sandra Steels. Signature:
Address: 78 Manor Road, Barnet EN5 2LG
Date:
Page 6
Still Waters Trust Society
Notes to the Financial Statements for the year ended 31 March 2023
-
1 Accounting Policies
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(a) The financial statements have been prepared under the receipts and payments convention, the Financial Standard for Smaller Entities ( April 2008) and follow the recommendations in the Statement of Recommended Practice - Accounting and Reporting by Charities ( issued in March 2005).
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(b) Incoming resources
Income from events together with donations are accounted for when received.
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(c) Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purposes and are available as general funds.
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(d) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
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(e) Resources expended are recognised in the period in which they are incurred.
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(g) Governance costs include the management of the charitable assets, organisational management and compliance with constitutional and statutory matters. An amount of £0 (2022 £460) was paid to Trustees for out of pocket travel expenses during the year.
| Voluntary income Donations & Gift Aid Appeals Fundraising events |
Restricted - - - - |
Unrestricted 20,403 7,732 - 28,135 |
2023 2022 Total Total £ £ 20,403 20,133 7,732 2,110 - - |
|---|---|---|---|
| 28,135 22,243 |
- 2 Voluntary income
| 3 Resources expended Charitable activities: Donation to Still Waters, Sri Lanka Projects Governance costs: Staff travel costs Legal professional and administration costs Total Governance costs Total Resources Expended |
Restricted - - - - - |
Unrestricted 10,745 - 317 317 11,063 |
2023 2022 Total Total £ £ 10,745 11,173 |
|---|---|---|---|
| - - 317 1,197 |
|||
| 317 1,197 | |||
| 11,063 12,369 |
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