**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. 1 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. 2 ## **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| ||| ||| ||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 / 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: - 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. **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 8