LIVING WATERS CHURCH SOUTH TYNESIDE
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report together with the financial statements of the charity for the year ended 31st December 2024
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 2024.
Over the year the church saw the average Sunday in person attendance grow from 82 to 90 as well as seeing eleven 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 ‘Chocky Wocky Champions’. Over the course of the week there were an average of 60 children in attendance each day and carrying on from the previous few years 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. In March we had a local charity, One For All, start using our hall for the soup kitchen and advice drop-in that they ran. This was on a Thursday morning and so it helped to complement the work of our Warm Space and we saw an increase in numbers using the space, mainly through those who stayed after, One For All finished their provision. We were provided free drinks and toasties as well as games (the dominoes especially proved a popular hit!)
The Boys’ Brigade and Girls Association continued to run and saw growth up to 60 members in the autumn term with new members joining, as well gaining a number of parent helpers. Several trips were undertaken over the course including the Junior and Company sections having a weekend camp as well as summer camp to Blackpool for a week. 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 numerous areas.
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.
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The church Refresh conference 2024 saw guest speakers Dr John Andrews bring 5 messages on the theme of Wholeness looking at the Christian perspective around mental health . This was attended by about 60 people as well as being streamed by some on YouTube and was received positively.
The Alpha course was run twice through the year seeing an attendance of 8 people over both courses. 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.
We also held a pre-marriage course for the first time, as a way of promoting and teaching of what Christian marriage should be like. This was attended by 5 couples who were either engaged or looking at engagement.
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. S C Smith
Approved by the trustees on 30[th] September 2025.
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LIVING WATERS CHURCH SOUTH TYNESIDE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 £ 58,824 4,478 0 0 0 1,733 12,267 77,302 52,049 3,160 1,255 660 57,124 0 20,178 53,094 73,272 |
Restricted funds £ 10,744 5 0 0 3,926 0 0 14,674 13,647 7,095 741 0 21,483 0 (6,809) 364,400 357,591 |
Total Funds £ 69,567 4,483 0 0 3,926 1,733 12,267 91,976 65,696 10,255 1,996 660 78,607 0 13,369 417,494 430,863 |
Prior period 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 |
|---|---|---|---|---|
LIVING WATERS CHURCH SOUTH TYNESIDE
BALANCE SHEET
AS AT 31 DECEMBER 2024
| 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 |
£ 8,686 34,562 43,247 771 |
Total funds £ 388,387 42,476 430,863 0 430,863 367,325 63,538 430,863 |
Prior year funds £ 400,256 6,637 11,492 18,129 892 17,238 417,494 0 417,494 364,400 53,094 417,494 |
|---|---|---|---|
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 29th September 2025 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 2024
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 Others |
2024 Unrestricted £ 6,479 2,570 532 565 34,535 427 391 3,284 163 184 446 0 2,473 |
2024 Restricted £ |
2023 Unrestricted £ 2,719 2,894 789 3,125 36,264 850 327 3,844 191 157 446 835 2,535 |
2023 Restricted £ |
|---|---|---|---|---|
LIVING WATERS CHURCH SOUTH TYNESIDE
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
| Depreciation Depreciation - Roof (see note 10) |
0 52,049 |
12,834 813 13,647 |
3,965 58,941 |
9,071 813 |
|---|---|---|---|---|
| 9,884 |
LIVING WATERS CHURCH SOUTH TYNESIDE
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
3. GOVERNANCE
| Independent examiners fees | 2024 £ 660 |
2023 £ 673 |
|---|---|---|
4. TRUSTEES REMUNERATION
Mr. S Smith was employed during the year and his remuneration was £30,250 (2023 £28,188).
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
| Freehold Land and Buildings £ Costs brought forward 567,756 Depreciation brought forward 175,123 Additions - Other 0 Additions - Roof 0 Depreciation for the period - Other 10,595 Depreciation for the period - Roof 813 Net book value at 31 December 2024 381,224 Net book value at 31 December 2023 392,633 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Income tax recoverable Prepayments Other debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals Taxation and social security Other creditors |
Fixtures and Fitings £ 43,977 39,345 1,188 1,164 4,655 4,631 |
Office Equipment £ 15,979 12,987 590 1,075 2,507 2,992 2024 £ 7,791 765 129 8,686 2024 £ 0 771 771 |
Total £ 627,711 227,455 1,778 0 12,834 813 388,387 400,256 2023 £ 5,512 729 395 6,637 2023 £ 0 891 0 892 |
|---|---|---|---|
LIVING WATERS CHURCH SOUTH TYNESIDE
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fund balances at 31 December 2023 represented by: Tangible fixed assets Current assets Current liabilities Long term liabilities |
Unrestricted Funds £ 38,716 24,822 63,538 63,538 63,538 |
Restricted Funds £ 349,671 18,425 368,096 771 367,325 0 367,325 |
Total £ 388,387 43,247 431,634 771 430,863 0 430,863 |
|---|---|---|---|
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 2024 Charity no 1139119 ended (if any) Set out on pages 3 - 8 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2024 . 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
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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.
| Signed: | Date: | 30/09/2025 | |
|---|---|---|---|
| Name: | Andrew McCullough | ||
| Relevant professional qualification(s) or body (if any): |
Chartered Institute of Management Accountants (CIMA) | ||
| Address: | 92 Bede Burn Road, Jarrow, Tyne and Wear. NE32 5AT |
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