LIVING WATERS CHURCH SOUTH TYNESIDE
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report together with the financial statements of the charity for the year ended 31st December 2023
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 2023.
Over the year the church saw the average Sunday in person attendance grow from 63 to 82 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 our children’s holiday club ‘Forest Frenzy’. Over the course of the week there were an average of 65 children in attendance each day and carrying on from 2022 we provided free packed lunches to be taken away with them, over 200 were distributed.
We continued to run our Warm Space which we had started in November 2022 and we remained open on Thursday throughout the year. Despite not receiving the numbers we would have liked we did see good relationships being developed with those that did come along as well providing a much-needed space for them to ease the burden on their utility bills.
The Boys’ Brigade and Girls Association continued to run and saw growth up to 48 members in the autumn term with new members joining. Several trips were undertaken over the course including the Juniors section having a weekend camp. The band continued to develop with those members improving in their ability to play their instrument. They performed well at three parades including Remembrance Sunday. Over the course of the year the Company section earned awards in DIY and cooking.
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, Southeast 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 untouchable. The orphanage also provides educational facilities to help to improve the outlook of those who come through the doors. 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.
The church Refresh conference 2023 saw guest speakers Dr John Andrews bring 5 messages on the theme of Win, Build, Send. This was attended by about 60 people as well as being streamed by some on YouTube and was received positively.
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The Alpha course was run twice through the year seeing an attendance of 8 people over both courses, the second course was run at the end of our Warm Space to give the guests there an opportunity to consider faith and life. The men’s breakfast continued to run providing 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.
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. 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 30[th] September 2024.
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LIVING WATERS CHURCH SOUTH TYNESIDE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| 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 £ 51,318 2,697 0 0 0 2,048 6,370 62,431 58,941 3,203 935 673 63,753 (3,203) (4,524) 57,618 53,094 |
Restricted funds £ 3,122 5,750 0 0 3,801 0 0 12,673 9,884 4,422 932 0 15,238 3,203 638 363,762 364,400 |
Total Funds £ 54,439 8,447 0 0 3,801 2,048 6,370 75,104 68,825 7,625 1,867 673 78,990 0 (3,886) 421,380 417,494 |
Prior period funds £ 54,054 9,416 0 0 3,543 1,698 6,125 74,836 63,314 9,235 793 673 74,015 0 821 420,558 421,379 |
|---|---|---|---|---|
LIVING WATERS CHURCH SOUTH TYNESIDE
BALANCE SHEET
AS AT 31 DECEMBER 2023
| Notes FIXED ASSETS 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS: Amount falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amount falling due after one year TOTAL NET ASSETS OR LIABILITIES FUNDS OF THE CHARITY 9 Restricted income funds Unrestricted funds TOTAL FUNDS |
£ 6,637 11,492 18,128 891 |
Total funds £ 400,256 17,238 417,494 0 417,494 364,400 53,094 417,494 |
Prior year funds £ 410,567 7,442 12,616 20,058 9,247 10,812 421,379 0 421,379 363,762 57,618 421,380 |
|---|---|---|---|
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required 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 requirements 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 subject to the small companies regime and in accordance with FRS102 SORP.
These accounts were approved by the trustees on 30th September 2024 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 2023
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 |
| Office equipment | 30 % reducing balance |
| Fixtures and fittings | 20 % reducing balance |
2. SUPPORT COSTS
| Heat, light and water Insurance Telephone Repairs Salaries and employer's NI Conferences and training Guest speakers Stationery, books and music Subscriptions Child protection clearance Bank charges Equipment rental Professional maintenance |
2023 Unrestricted £ |
2023 Restricted £ |
2022 Unrestricted £ |
2022 Restricted £ |
|---|---|---|---|---|
| 2,719 2,894 789 3,125 36,264 850 327 3,844 191 157 446 835 |
2,561 2,782 826 2,956 32,531 860 289 3,358 154 100 719 0 |
LIVING WATERS CHURCH SOUTH TYNESIDE
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023
| Others Depreciation Depreciation - Roof (see note 10) |
2,535 3,965 58,941 |
9,071 813 9,884 |
2,828 3,275 53,239 |
9,262 814 |
|---|---|---|---|---|
| 10,076 |
LIVING WATERS CHURCH SOUTH TYNESIDE
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023
3. GOVERNANCE
| Independent examiners fees | 2023 £ 673 |
2022 £ 673 |
|---|---|---|
4. TRUSTEES REMUNERATION
Mr. S Smith was employed during the year and his remuneration was £28,188 (2022 £25,625).
5. TAXATION
All income and gains are applied to the charitable objects and there is therefore no charge to Corporation Tax.
6. TANGIBLE FIXED ASSETS
| Costs brought forward Depreciation brought forward Additions - Other Additions - Roof Depreciation for the period - Other Depreciation for the period - Roof Net book value at 31 December 2023 Net book value at 31 December 2022 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE Income tax recoverable Prepayments Other debtors |
Freehold Land and Buildings £ 567,756 163,715 0 0 10,595 813 392,633 404,041 YEAR |
Fixtures and Fitings £ 42,981 38,188 996 1,158 4,631 4,793 |
Office Equipment £ 13,438 11,705 2,541 1,282 2,992 1,733 2023 £ 5,512 729 395 6,637 |
Total £ 624,174 213,607 3,537 0 13,035 813 400,256 410,567 2022 £ 6,051 678 713 7,442 |
|---|---|---|---|---|
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals Taxation and social security Other creditors |
2023 £ 0 891 0 891 |
2022 £ 0 746 8,500 9,247 |
|---|---|---|
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages |
Living Waters Church South Tyneside |
|---|---|
| 31 December 2023 Charity no (if any) 1139119 |
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| 3 - 7 | |
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended31 / 12 / 2023. |
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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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.
Date: 17[th] October 2024 Signed: 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
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