**LIVING WATERS CHURCH SOUTH TYNESIDE** ## TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees present their report together with the financial statements of the charity for the year ended 31st December 2022 ## **OBJECTS OF THE CHARITY** The principal activities of the company are to advance the Christian faith, to relieve sickness and financial hardship, to promote and preserve good health and to advance education. ## **TRUSTEES** The trustees who served during the year were: Elizabeth Graham Smith Kenneth David Cooper Harold Edward Gandy David Schofield June Schofield Sheila Olsen Mavis Thirkell Samuel Smith ## REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS 2022. Over the year the church saw the average Sunday in person attendance grow from 55 to 63 bringing it back closer to pre-COVID levels as well as seeing two people be baptised. The growth was driven by new attendees, particularly families, which meant we saw good growth in our children’s work (Lighthouse Kids). This was complemented by running our first children’s holiday club since 2019 ‘Circus Spectacular’. Over the course of the week there were an average of 60 children in attendance each day and for the first time we provided free packed lunches to be taken away with them, over 200 were distributed. It was a fantastic time of being able to bring children together after the past two years of disruption in their lives as well as starting to provide help at the start of the cost-of-living crisis. The packed lunches were provided as the start of our new local community support program which looked to provide a free cooked lunch for families on a Wednesday over the last 4 weeks of the summer holidays. By November this became our Warm Space which was open on a Thursday having linked up with the local council and Warm Welcome Spaces. The Boys’ Brigade and Girls Association continued to run and saw growth in the autumn term with new members joining from those who had attended the holiday club. Several trips were undertaken over the course of the year helping to provide opportunities that have been missed. The band was also restarted for all age groups seeing great enthusiasm from all to learn to play an instrument, many for the first time. They performed well at a number of local marches and parades including Remembrance Sunday despite their lack of experience. The church Breakfast Club continued to operate successfully, seeing good numbers attend each week, providing a place for people to meet with others over a plate of good food. Profits from this established outreach are used to support in part the Indian orphanage in Machilipatnam, South East India, in partnership with United Christian Gospel Association. The orphanage continues to take in orphans from the lowest caste levels who would normally be considered as untouchable. The orphanage also provides educational facilities helping to improve the outlook of those who come through the doors. We had a visit from Pastor Emmanuel and Deevena, who run the orphanage, in July bringing us an update as to how things had been going. The church continued to support Compassion U.K. by sponsoring 4 children who live in El Salvador. The church also continued to financially support a family working on Mercy Ships a Christian charity which brings lifesaving surgery and hope, love and mercy to families in Africa and other parts of the world. 1 The church Refresh conference 2022 saw guest speakers pastors Ben and Gale Dowding bring 5 messages on the theme of _Moving Forward._ This was attended by about 50 people as well as being streamed by 3 people on YouTube and was received positively. Over the course of the year the church finally was to celebrate the retirement of pastor Dave Schofield as well as hold the induction of pastors Sam and Beth Smith. An Alpha course was run seeing an attendance of 4 people. The men’s breakfast was also restarted providing a time to gather and discuss life and faith issues together. The ladies’ brunch (Devoted) also ran seeing good attendance and encouragement to live life for Christ. January saw the church’s first annual vision month with pastors Sam and Beth bringing the vision they have, which builds upon the current objectives, of seeing Living Waters Church become a place where people are restored to thrive, trained to serve, formed into community and equipped to serve. The use of the online admin software (I-Know) is continued to be used for attendance tracking, ticketing for events, podcasts and recording member details. This has helped to improve communication with the members of the church as to all that is going on. The church service continues to be streamed on YouTube and as a result the church camera technology has been updated. This allows us to share the Good News of the Christian faith with a larger audience as well as continuing to inspire and equip those members of the church unable to make the services in person. ## **CLOSE COMPANY PROVISIONS** In the opinion of the trustees, the charity is a close company within the meaning of S414 Income and Corporation Taxes Act 1988 (as amended). Signed on behalf of the trustees Mr. H E Gandy Approved by the trustees on October 2[nd ] 2023. 2 ## **LIVING WATERS CHURCH SOUTH TYNESIDE** STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 |Notes
**INCOME**
Income and endowments from:
Voluntary Income
Collections
Donantions and grants
Roof appeal
Activities for generating funds
Coffee shop
Breakfast club
Other trading activities
Receipts from Church activities
Hire of hall
**Total**
**EXPENDITURE**
Expenditure on:
Charitable activities
Support costs
2
Gifts and donations
Costs of activities
Governance costs
3
**Total**
**Transfers between funds**
**NET INCOME/(EXPENDITURE)**
**FOR THE PERIOD**
**RECONCILIATION OF FUNDS:**
Funds brought forward
**Total funds carried forward**|Unrestricted
funds
£
50,142
3,608
0
0
0
1,698
6,125
61,573
53,239
3,840
436
673
58,188
(4,849)
(1,464)
59,082
57,618|Restricted
funds
£
3,912
5,808
0
0
3,543
0
0
13,264
10,076
5,395
356
0
15,827
4,849
2,285
361,477
363,762|Total Funds
£
54,054
9,416
0
0
3,543
1,698
6,125
74,837
63,314
9,235
793
673
74,015
0
821
420,558
421,380|Prior period
funds
£
45,686
14,413
0
0
1,783
16,209
1,558
79,649
55,001
6,656
595
600
62,852
0
16,797
403,761
420,558| |---|---|---|---|---| ## **LIVING WATERS CHURCH SOUTH TYNESIDE** ## BALANCE SHEET AS AT 31 DECEMBER 2022 |Notes
**FIXED ASSETS**
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS: A**
**ount fallin due wit in one ear**
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIA ILITIES**
**CREDITORS: A**
**ount fallin due after one ear**
**TOTAL NET ASSETS OR LIA ILITIES**
**FUNDS OF THE CHARITY**
9
Restricted income funds
Unrestricted funds
**TOTAL FUNDS**|£
7,442
12,616
20,058
9,246|Total funds
£
410,567
10,812
421,380
0
421,380
363,762
57,618
421,380|Prior year
funds
£
422,538
1,035
22,044
23,079
11,060
12,020
434,558
14,000
420,558
361,477
59,082
420,558| |---|---|---|---| The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not req uired the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the req uirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subj ect to the small companies regime and in accordance with FRS102 SORP. These accounts were approved by the trustees on 25th September 2023 and are signed on their behalf by: Mr. S Smith ## **LIVING WATERS CHURCH SOUTH TYNESIDE** NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022 ## **1. ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (revised 2005), the Financial Reporting Standard for Smaller Entities (effective April 2008) and applicable accounting standards. ## **Company status** The charity is a company limited by guarantee, which was incorporated on 21 September 2010. The members of the company are the trustess named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## **Incoming Resources** Incoming resources are included in the Statement of Financial Activities when the charity becomes entitled to the income. ## **Fund Accounting** Unrestricted funds are available for the furtherance of the general objectives of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. ## **Fixed Assets** The assets transferred from Living Waters Church (prior to incorporation) have been shown at their original cost to this previous charity together with the associated depreciation. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. |Property
2 % straight line
Roof
30 years
(see note 10)
Office equipment
30 % reducing balance
Fixtures and fittings
20 % reducing balance
**2. SUPPORT COSTS**
2022
Unrestricted
2022
Restricted
£
£
Heat, light and water
2,561
Insurance
2,782
Telephone
826
Repairs
2,956
Salaries and employer's NI
32,531
Conferences and training
860
Guest speakers
Stationery, books and music
289
Subscriptions
3,358
Child protection clearance
154
Bank charges
100
Equipment rental
719
Others
2,828
Depreciation
3,275
9,262
Depreciation - Roof (see note 10)
814
**53,239**
**10,076**|2021
Unrestricted
£
1,132
2,397
741
3,148
27,997
600
29
3,450
181
85
562
1,302
3,063
**44,686**|2021
Restricted
£
9,500
814
**10,315**| |---|---|---| ## **LIVING WATERS CHURCH SOUTH TYNESIDE** NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022 ## **3. GOVERNANCE** |Independent examiners fees|2022
£
673|2021
£
600| |---|---|---| ## **4. TRUSTEES REMUNERATION** Mr. S Smith was employed during the year and his remuneration was £25,625 (2021 £21,250). ## **5. TAX ATION** All income and gains are applied to the charitable objects and there is therefore no charge to Corporation Tax. ## **6. TANGIBLE FIX ED ASSETS** |Freehold Land
and Buildings
£
Costs brought forward
567,756
Depreciation brought forward
152,306
Additions - Other
0
Additions - Roof
0
Depreciation for the period - Other
10,595
Depreciation for the period - Roof (see note 10)
814
Net book value at 31 December 2022
404,041
Net book value at 31 December 2021
415,450
**7. DEBTORS AMOUNTS FALLING DUE WITHIN ONE YEAR**
Income tax recoverable
Prepayments
Other debtors|Fixtures and
Fitings
£
42,981
36,989
0
1,198
4,793
5,991|Office
Equipment
£
12,059
10,962
1,379
743
1,733
1,097
2022
£
6,051
678
713
7,442|Total
£
622,795
200,257
1,379
0
12,536
814
410,567
422,538
2021
£
443
592
0
1,035| |---|---|---|---| ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Accruals
Taxation and social security
Other creditors|2022
£
0
746
8,500
9,246|2021
£
0
559
10,500
11,060| |---|---|---| ## **LIVING WATERS CHURCH SOUTH TYNESIDE** NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022 ## **9. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**Fund a ances at 31 Decem er 2022 represented y**
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities|Unrestricted
Funds
£
41,919
15,699
57,618
57,618
57,618|Restricted
Funds
£
368,648
4,359
373,007
9,246
363,762
0
363,762|Total
£
410,567
20,058
430,625
9,246
421,380
0
421,380| |---|---|---|---| ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/** Living Waters Church South Tyneside **members of On accounts for the year** 31 December 2022 **Charity no** 1139119 **ended (if any) Set out on pages** 3 - 7 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31 / 12 / 2022** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Signed: Date:** ���������� **Name:** Andrew McCullough **Relevant professional** Chartered Institute of Management Accountants (CIMA) **qualification(s) or body (if any): Address:** 92 Bede Burn Road, Jarrow, Tyne and Wear. NE32 5AT 8