REGISTERED COMPANY NUMBER: 03341814 (England and Wales)
REGISTERED CHARITY NUMBER: 1133634
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Triangle Living Water Limited
Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD
Triangle Living Water Limited
Contents of the Financial Statements for the Year Ended 31 December 2022
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|
Page |
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Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
|
3 |
|
Statement of Financial Activities |
|
4 |
|
Balance Sheet |
|
5 |
|
Notes to the Financial Statements |
6 |
to |
10 |
Detailed Statement of Financial Activities |
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11 |
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Triangle Living Water Limited
for the Year Ended 31 December 2022
Report of the Trustees
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsof the charityfor the year ended 31 December2022. The trusteeshave adoptedthe provisionsof Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Significant activities
We are gettingsomelovelycommentson socialmediaand fromcustomersin the shopand coffeeshopabouthowcleaneverything is
and how lovely the layout is, and the fact we don't smell like most charity shops, which is both amusing and great to hear.
Our Managerscontinueto do a sterlingjob with all of our items for sale, and our volunteersare fabulousand assistingwith window and
shop displays.
We have a lot of stockin and so unsortedstockis being store upstairsuntil we get to it. Thankfullythe upstairsroomsaren'tbeing used
for anything else so that's fine at the moment.
Thecleaningschedule,handsanitizingstations,andPerspexscreenswhichhasreassuredstaff,volunteersandcustomersalike,has all
remained in place.
We are evergratefulto our amazingManagersand Volunteers,boththosewhohavebeen able to workshiftsand thosewhohave not
been able to physically work but who we know pray for us continually.
We were sad to lose Karen Nelson as Director, but wish her well in her new home and future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charityis controlledby its governingdocument,a deed of trust, and constitutesa limited company,limited by guarantee,as defined
by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03341814 (England and Wales)
Registered Charity number
1133634
Registered office
38 Dickens Road
Ipswich
Suffolk
IP2 0JN
Trustees
Mrs D Carey
Ms L A R Hall
Ms L Mortlock
Reverend D F Morrison
Ms K L Nelson (resigned 1.3.23)
Independent Examiner
Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD
Page 1
Triangle Living Water Limited
Report of the Trustees
for the Year Ended 31 December 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................................
Mrs D Carey - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Triangle Living Water Limited
Independent examiner's report to the trustees of Triangle Living Water Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Havingsatisfiedmyselfthat the accountsof the Companyare not requiredto be auditedunder Part16 of the 2006 Act and are eligible
forindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedoutunderSection145of the
CharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharity Commission
under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe examinationgiving me
cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in
this report in order to enable a proper understanding of the accounts to be reached.
Luke Harvey MAAT
Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD
Date: .............................................
Page 3
Triangle Living Water Limited
Statement of Financial Activities
for the Year Ended 31 December 2022
|
|
31.12.22 |
31.12.21 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
Donations and legacies |
|
31,190 |
19,760 |
Charitable activities |
|
|
|
Second hand shop |
|
- |
16,814 |
Pop up shop grants |
|
8,150 |
6,430 |
Other trading activities |
2 |
292 |
226 |
Total |
|
39,632 |
43,230 |
EXPENDITURE ON |
|
|
|
Raising funds |
3 |
3,707 |
3,845 |
Charitable activities |
|
|
|
Second hand shop |
|
26,136 |
24,329 |
Pop up shop grants |
|
8,150 |
7,016 |
Total |
|
37,993 |
35,190 |
NET INCOME |
|
1,639 |
8,040 |
RECONCILIATION OF FUNDS |
|
|
|
Total funds brought forward |
|
14,932 |
6,892 |
TOTAL FUNDS CARRIED FORWARD |
|
16,571 |
14,932 |
The notes form part of these financial statements
Page 4
Triangle Living Water Limited
Balance Sheet
31 December 2022
|
|
31.12.22 |
31.12.21 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
FIXED ASSETS |
|
|
|
Tangible assets |
7 |
1,494 |
1,627 |
CURRENT ASSETS |
|
|
|
Debtors |
8 |
699 |
568 |
Cash at bank |
|
15,157 |
13,175 |
|
|
15,856 |
13,743 |
NET CURRENT ASSETS |
|
15,856 |
13,743 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
17,350 |
15,370 |
ACCRUALS AND DEFERRED INCOME |
9 |
(779) |
(438) |
NET ASSETS |
|
16,571 |
14,932 |
FUNDS |
10 |
|
|
Unrestricted funds |
|
16,571 |
14,932 |
TOTAL FUNDS |
|
16,571 |
14,932 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31December2022 in
accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.............................................and were
signed on its behalf by:
.............................................
D Carey - Trustee
The notes form part of these financial statements
Page 5
Triangle Living Water Limited
Notes to the Financial Statements
for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein the UK and Republicof Ireland'and the CompaniesAct 2006.The financialstatementshave been prepared under
the historical cost convention.
Income
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
Grants offeredsubject to conditionswhich have not been met at the year end date are noted as a commitmentbut not accrued
as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings- 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Shop income |
292 |
226 |
continued...
Page 6
Triangle Living Water Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
3. RAISING FUNDS
Investment management costs
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Rent collection |
2,700 |
2,700 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Depreciation - owned assets |
415 |
407 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022norfortheyear ended
31 December 2021.
Trustees' expenses
2 trustees (2021: Nil) were reimbursed for shop supplies, and other relevant items for the shop totalling £279 (2021: £Nil).
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
19,760 |
Charitable activities |
|
Second hand shop |
16,814 |
Pop up shop grants |
6,430 |
Other trading activities |
226 |
Total |
43,230 |
EXPENDITURE ON |
|
Raising funds |
3,845 |
Charitable activities |
|
Second hand shop |
24,329 |
Pop up shop grants |
7,016 |
Total |
35,190 |
NET INCOME |
8,040 |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
6,892 |
continued...
Page 7
Triangle Living Water Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
6. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
fund |
|
|
|
|
£ |
|
TOTAL FUNDS CARRIED FORWARD |
|
|
14,932 |
7. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
Fixtures |
|
|
|
|
and |
|
|
|
|
fittings |
|
|
|
|
£ |
|
COST |
|
|
|
|
At 1 January 2022 |
|
|
2,034 |
|
Additions |
|
|
282 |
|
At 31 December 2022 |
|
|
2,316 |
|
DEPRECIATION |
|
|
|
|
At 1 January 2022 |
|
|
407 |
|
Charge for year |
|
|
415 |
|
At 31 December 2022 |
|
|
822 |
|
NET BOOK VALUE |
|
|
|
|
At 31 December 2022 |
|
|
1,494 |
|
At 31 December 2021 |
|
|
1,627 |
8. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
31.12.22 |
31.12.21 |
|
|
|
£ |
£ |
|
Prepayments |
|
699 |
568 |
9. |
ACCRUALS AND DEFERRED INCOME |
|
|
|
|
|
|
31.12.22 |
31.12.21 |
|
|
|
£ |
£ |
|
Accruals and deferred income |
|
779 |
438 |
10. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.1.22 |
in funds |
31.12.22 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
14,932 |
1,639 |
16,571 |
|
TOTAL FUNDS |
14,932 |
1,639 |
16,571 |
continued...
Page 8
Triangle Living Water Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming |
Resources |
Movement |
resources |
expended |
in funds |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
39,632 |
(37,993) |
1,639 |
TOTAL FUNDS
39,632 |
(37,993) |
1,639 |
Comparatives for movement in funds |
|
|
|
Net |
|
|
movement |
At |
At 1.1.21 |
in funds |
31.12.21 |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
6,892 |
8,040 |
14,932 |
TOTAL FUNDS
6,892 |
8,040 |
14,932 |
Comparative net movement in funds, included in the above are as follows: |
|
|
Incoming |
Resources |
Movement |
resources |
expended |
in funds |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
43,230 |
(35,190) |
8,040 |
TOTAL FUNDS
43,230 |
(35,190) |
8,040 |
A current year 12 months and prior year 12 months combined position is as follows: |
|
|
|
Net |
|
|
movement |
At |
At 1.1.21 |
in funds |
31.12.22 |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
6,892 |
9,679 |
16,571 |
TOTAL FUNDS
6,892 |
9,679 |
16,571 |
continued...
Page 9
Triangle Living Water Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
82,862 |
(73,183) |
9,679 |
TOTAL FUNDS |
82,862 |
(73,183) |
9,679 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 10
Triangle Living Water Limited
Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
Detailed Statement of Financial Activities
for the Year Ended 31 December 2022 |
|
|
|
31.12.22 |
31.12.21 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
30,510 |
19,142 |
Gift aid |
680 |
618 |
|
31,190 |
19,760 |
Other trading activities |
|
|
Shop income |
292 |
226 |
Charitable activities |
|
|
Grants |
8,150 |
23,244 |
Total incoming resources |
39,632 |
43,230 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Purchases |
1,007 |
1,145 |
Investment management costs |
|
|
Rent collection |
2,700 |
2,700 |
Charitable activities |
|
|
Grants to institutions |
8,150 |
7,016 |
Support costs |
|
|
Information technology |
|
|
Wages |
16,425 |
15,409 |
Rates and water |
379 |
- |
Insurance |
2,321 |
1,145 |
Telephone |
458 |
447 |
Repairs and renewals |
5,316 |
5,873 |
Sundries |
481 |
628 |
|
25,380 |
23,502 |
Governance costs |
|
|
Accountancy and legal fees |
341 |
420 |
Fixtures and fittings |
415 |
407 |
|
756 |
827 |
Total resources expended |
37,993 |
35,190 |
Net income |
1,639 |
8,040 |
This page does not form part of the statutory financial statements
Page 11