REGISTERED COMPANY NUMBER= 03341814 (England and Walesl REGISTERED CHARITY NUMBER: 1133634 Re rt of the Trnst natsdlted Flnandal Ststements forthÈ Year Ended 31 December 1023 Trlan eU￿n Water Llmlted ffolk Tax Accountants Group 9 8yford Court Crockatt Road Hadleigh Pswich Suffolk IP7 6RD Trla e Llvln Water Llmlted Contents ol the Finanaal Statements for the Year Ended 31 December 2023 Pa Report of the Trustee$ Independent Examlnerfs Report statement ol Flnantlal Actlvttles Balance Sheet Notes to the Flnanclal Statements 6 10 10 Detalled Statement ol Flnanclal Actlvltles li Trla e Llvln Water Llmlted Re rt of the Trustees for the Year Ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 21)06. present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the prowsion5 of Accounting and Reporting by Charitie5.- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectwe l January 20191. OBJECTIVES AND ACTIVITIES 518nifi¢¥nt a¢tivilies A5 of January thi5 year the￿ %￿S a reorBanisation of paid martagers followi￿ ihe request tts redu¢e working hours. The working hours are now split with one managÈr working on a Thurs and a Fri Ènd the tsther works Mon. Tues, and Wèds. We hbve an inÈreÈsing number of peoplè collÈcting their food parcèls from us from Trian81È Top Up which is grèat as some also stay for a coffèÈ and chat when thÈy collÈtt. Clothing is bobbing along, the biBgest difference is thÈ BTIC a Brat. have suth ￿autIfi11 stuff In and often brand new, that we ¢on reasonably ask several pounds for. wheie we used to be mu¢h rn0￿ like the El.rA) store. School unlform wasn't selling very well at all. $0 we donated it all to Tfi3n8le & St Fran£ls Top Up Shops, where they give It away to people who need It. We will continue to (olleu donati￿$ of uniform but will give il to these other organisatlons for d5stribution. It was declded at the July meeting that It would be very nice to have decent coffee, with options. we had tèlked èbout it previously and declded against. but felr actually it would be something nice for both the volunteers and £ustomers alike to have nice coffee. Not that there Is anything aaèinst Instant. but various coffee options, with the addition of hot chocolate. This was purchased towards the end of the year, and whilst. we won't make as)y money from it. li was felt to give people luxury drinks would be nice and It has been very well recelved so fèr. We had both a Summer Fayre & Christmas Fayre. on the estate this year. organised by two different teams. Summer was arranged by Living Water Volunteers. It wasn't run as a money makin8 event. it was more something nice and affordable fun and games for the people of the estate. and wider, to come along and enjoy. Both events went well. with massive thanks to the organising teams. Llving Water wlll be Sponsorbn￿the guardians of a new defibrillator. The defibrillator itsell is fvnded by The Round Table and 18C, but Living Water have taken on the responsibility of upkeep. serwcing aThd maintenance. Llving Water has also applled for 50rne funding so that it can as%st the Trian8le Community Centre and Trlangle Youth Zone with improvements to the Astro Turt area for the youth people on the estate, this was approved in 2023, but funding will be recelved In 2024. We are also lookin8 to fund a youthllamily worker lorthe Trian8le Area. again somethin8 for 2024. 2024 should a150 brin8 a few improvernent5, maintenance and repair5 to the Shop floor and buildin8 as needed. We continue to work to improvelenhance the lives of those people wth whom we are in tontact, both directly and indirectly* ènd Could not do any ol that without the hardwork of our managers and w)lunteets alike. STRUCTURE, GOVERNANCE AND MANAGEMENT Governin8 do¢ument The charity 15 CQntrolled by its Bovernin8 documeni. a deed of trust. (￿StItUteS a limTted ¢ompanyi limited by guarantee. as defined by the Cotnpanies Act 2006. REFERENCE ANO ADMINISTRATIVE DEfAILS Re8lStered Company number 03341814 (England and Wales) Re8lstered Charlty number 1133634 Reglstered olllce 38 Dickens Road Ipswich Suffolk IP2 OJN Page I Trla e Llvln Water Llmlted Re rt of the Trustees for the Year Ended 31 December 2023 Trustees Mr5 Dcarev MSLAR Hall Ms L Mortlock Reverend D F Morrison Ms K L Nelson (resigned 1.3.231 Independent Examiner Suffolk Tax Aicountant5 Group 9 Byford Court Crockatt Road HadlelÉh Ipswich Suffolk IP7 6RD Approved by order of the board of trustees on..........-.-..-......................-...... and signed on Its behalf bv.. Mr5 D &rey- Trustee Page 2 Inde Trian endent Examiner's Re Waier Limited rt tothe Trustees of Independent examiner's reportto the trustees of Trian￿e Liwr¢ Water Limited I'the CompanVI I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilities and basis of report A5 the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2CM)61'the 2006 Act'l. Having 5at15fied my5eW that the account5 of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in Tespert of tny exarninalion of your charity's aciounts a5 carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In carryinB oul rny exarnination I have followed the Directions given by the Charity Commi55ion under Section 145151 Ibl of the 2011 Art. Independent examlner's statement I have tomplÈted my Èxamination. I tonfirm lh* no matters have iome to my attentlon In connettion with the examinatlon givlnÉ me ¢ouse to believe.. accountlng records were not kept in resped of the Company as regulred by Settion 386 of the 2[￿)6 Act., or the accounts do not accord with those records.. or the accounts do nor comply with the ac£ountin8 requirements of Secrion 396 of the 2rA)6 Acr other than any requlrement that the èccounrs give a true and fair view which Is not a matier considered as part of an independent examinatlon.. or the accounts have not been prepèred in accordance with the methods and pnnciples of the Statement of Recommended Prèctice for accounting and reporting by Charities (applicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drawn In thls report in order to enable a proper understanding of the accounts to be reached. Luke H3rwey MAAT Suffolk Tax Accountant5 Group 9 Bylord Court Cr¢xkatt Road H)dleigh Ipswich Suffolk IP7 6RD Dare.. Page 3 Trla e Llvln Water Llmlted Statement ol Financial Activities for the Year Ended 31 December 2023 31.12.23 Unrestricted fund 31.12.22 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 42,510 31,190 Charitable ¥¢tivitie$ Pop up shop grant5 8,150 Other tradlng actlvities 491 292 Total 43.001 39,632 EXPENDITURE ON Raising funds 5.084 3,707 Charltable actlvltles Second hand shop Pop up shop grants 26,939 26,136 8.150 Total 32.023 37.993 NET INCOME 10.978 1.639 RECONCIUATION OF FUNDS Total funds brou8ht forward 16.571 14,932 TOTAL FUNDS CARRIED FORWARD 27.549 16.571 The notes form part of these finantial statements Page 4 Trla e Llvln Water Llmlted Balance Sheet 31 December 2023 31.12.23 Unrestricted fund 31.12.22 Total funds Notes FIXED ASSETS Tangible assets 4,332 1,494 CURRENT ASSETS Debtor5 Cash at bank 1,117 22,922 699 15,157 24,039 15,856 NET CURRENT ASSETS 24.039 15,856 TOTAL ASSETS LESS CURRENT LIABILIMES 28.371 17.350 ACCRUALS ANO DEFERRED INCOME io 18221 17791 NET ASSETS 27.549 16.571 FUNDS Unrestricted funds li 2?,549 16,571 TOTAL FUNDS 27,549 16,571 The charltable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit ol its financial statements for the year ended 31 December 2023 In accordance with Section 476 01 the Cornpanie5 Act 21J)6. The trustees )¢knowledge their responsibilities for ensuring that the charitable tompany keeps accounting records that comply ¥•ith Se¢tion$ 386 and 387 of the Companies A¢t 2006 and preparing financial statements which give a true and fair view of the State of affairs of the charitable company as at the end of eèch financial year and of its surplvs or defi¢it for each financial year in accordanie with the ￿qUirernertls of Seitions 394 and 395 and which otherwise Comply with the ￿QuI￿rnents of the Com￿nIeS Act 21x16 relating to financial ststements. $0 far as applicèble to the charitable companv. These financial statements have been prepared in a¢¢ordance W￿*h the provisions applicable to charitable Companies subject to the small tompanies regime. The financlal statements were approved by the Board of Trustees and authorised lor issue on Sl8ned on its behalf by.. and were D Carey- Trustee The notes form part of these finantial statements Page 5 Trla e Llvln Water Llmlted Notes to the Financial Statements for the Year Ended 31 December 2023 ACCoU￿1NG POUCIES Basis of preparing the financial statemer The financial statement5 of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard 3pplicable in the UK and Republic of Irel3nd IFRS 1021 leffertive l January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of IreIar￿. and the Cornpanies Act 2￿6. The financial siatements hève been prepa￿d under the historical cost conventitsn. Intome All intome Is re¢o8nised In the Statement of Financlal AttNlties once the chartty has entltlement to the funds. It is probable that the Income will be received and the amount can be measured reliably. Expendlturt Liabilities are recognlsed as expenditure as s￿n as there Is a legal or £onstructNe obll83tlon commlttlng the charity to that expenditure, it Is probable that a transfer of economic benefits will ￿ required In settlement and the amount of the obligètlon can be measured reliably. Expenditure is accounied for on an accruals ba%s and has been cl3sslfied under heèdlngs that aggregète all cost related to the cètegory. Where costs cannot be directly attributed to particular headings they have been allocated to activlties on a basls consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a cgmmitment but not accrued as expenditure. Tanglble fixed assets Depreciation is provided at the following annual rates in order towrite off each asset over its estimated useful life. Fixtures and flttln8S 25% OTh cost and 20%on cost Taxatlon The charity is exempt frorn corporatlon tax on its charitable activitie Fund ac£ountln8 Unrestricted funds can be used in accordance with the charitable objecti¥e5 at the discretioTh of the trustees. Restrieied funds can only be vsetl for ￿rtiCU￿r restrided purposes within the objetts of the Charity. Restrirtions arise when specified by the donor or when funds are raiseil for parti¢ular ￿$triCted purposes. Further explanation of the nature and purpose of eaeh fund is included in the notesto the hnancial statements. OTHER TRADING ACTIVITIE5 31.12.23 31.12.22 shop income 491 292 Page 6 contlnued... Trla e Llvln Water Llmlted Notes to the Financial 5tatements- continued for the Year Ended 31 December 2023 AISING FUNDS Investment managemert Costs 31.12.23 31.12.22 Rent collection 2,7 2,7(K) NET INCOMEIIEXPENDITUREI NÈt Incomellexpenditurel is stated after charg1n￿(cred￿ilngTr= 31.12.23 31.12.22 Depre¢latlon- owned assets 415 TRUSTEE5' REMUNERATION AND 8ENEFrrs There were no trustees. remuneratlon or other benelits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses 2 trustees12022.. 21 were reirnbursed for shop supplies. and other relevant items for the shop totallin8 É20612022.. £2791. STAFF COSTS The average monthly number of employees during the year was as follow5.' 31.12.23 31.12.22 Chadtable èctivitles No employees recelved ernolument5 in exce55 of £60.(￿. COMPARATIVE5 FOR TrIE STATEMENT OF FINANCIALACTivmES Unrestricted fund INCOME AND ENDOWMENTS FROM Oonations and legacies 31,190 Chariiable artivilies Pop up shop grants 8,150 Other trading activities 292 Total 39,632 EXPENDITURE ON Raising funds 3,707 Charltable actlv6tles Second hand shop Pop up shop grants 26,136 8,150 Total 37,993 Page 7 contlnued... Trla e Llvln Water Llmlted Notes to the Financial 5tatements- continued for the Year Ended 31 December 2023 COMPARAnvES FOR THE STATEMENfoF FINANCIALAcvivmES- (ontinued Unrestricted fund NET INCOME 1,639 RECONCILIATION OF FUNOS Total funds brought forward 14,932 TOTAL FUNDS CARRIED FORWARD 16,571 TANGIBLE FIXEO ASSEf5 Fixtures and flttln85 COST At l January 2023 Additions 2,316 3,645 At 31 Oecember 2023 5,961 DEPRECIATION At I january 2023 Charge for year 822 At 31 December 2023 1,629 NET BOOK VALUE At 31 December 2023 4,332 At 31 Oecember 2022 1,494 DE8TORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Prepayments 1.117 699 Page 8 contlnued... Trla e Llvln Water Llmlted Notes to the Financial 5tatements- continued for the Year Ended 31 December 2023 io. ACCRLIALS AND DEFERRED INCOME 31.12.23 31.12.22 Accruals and deferred incorne 822 779 ii. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestrlcted funds fjeneral fund 16.571 10.978 27.549 TOTAL FUNDS 16.571 10.978 27.549 Net movement in funds. included in the above a￿ as follows.. Incomlng resources Resources expended Movement in funds Unrestrlcted funds General fund 43.(￿)1 132.0231 10,978 TOTAL FUNDS 43.1J)I 132,0231 10,978 Comparatlves lor movernent In furKIs Net movernent in fund5 At 31.12,22 At 1.1.22 Unrestrlrted lunds General fund 14,932 1,639 16,571 TOTAL FUN05 14,932 1,639 16,571 Comparative net movement in lunds. in¢luded in the aix)ve a￿ as follows= Incomin8 resourtes Resources expended Movement in funds Unrestrltted lunds General fund 39.632 137.9931 1.639 TOTAL FUNDS 39.632 137.9931 1,639 Page 9 contlnued... Trla e Llvln Water Llmlted Notes to the Financial 5tatements- continued for the Year Ended 31 December 2023 ii. MOVEME￿ IN FUNDS-