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2021-03-31-accounts

Company Ltd by Guarantee No. 06326889

Registered Charity Number: 1145323

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR LIVINGWELL COMMUNITY CHURCH LTD

Page 1 of 12

CONTENTS

Company & Charity Information
Trustee Report

Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Notes to Financial Statement
 PAGE NO
3
4 - 5
6
7
8
9 - 12

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LIVINGWELL COMMUNITY CHURCH LTD

COMPANY AND CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2021

DIRECTORS / TRUSTEES: Derrick Dunkley (Chair) Mrs Kelly Anne Larmond-Dunkley Ms Yvonne Jeffries REGISTERED OFFICE: 40 Woodview Drive Woodview Birmingham B15 2HU REGISTERED NUMBER 06326889 (England and Wales) REGISTERD CHARITY NUMBER: 1145323 INDEPENDENT EXAMINER L Charles Accounting Limited Birmingham Victoria Square One Victoria Square Birmingham B1 1BD PLACE OF WORSHIP: Woodview Community Centre Woodview Drive Edgbaston Birmingham B15 2HU

Derrick Dunkley (Chair) Mrs Kelly Anne Larmond-Dunkley Ms Yvonne Jeffries

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

LIVINGWELL COMMUNITY CHURCH LTD

The Directors, who are also trustees for the purposes of the Charity Act, present their annual report and independently reviewed Financial Statements for the year ended 31st March 2021

OBJECTS AND ACTIVITIES

As set out in the Memorandum and Articles of Association the objects of the charity are:

(I) FAITH FOR THE BENEFIT OF THE PURBLIC IN ACCORDANCE WITH THE TEACHINGS, STATEMENTS OF THE BELIEF APPEARING IN THE TEACHING OF THE BIBLE.

(II) TO ADVANCE COMMUNITY COHESION FO RTHE BENEFIT OF THE PUBLIC

(III) TO SECURE THE ESTABLISHMENET, MANAGEMENT AND MAINTENANCE OF A COMMUNITY CENTRE IN FURTHERANCE OF THE ABOVE OBJECTS

The Charity receives donations for non-specific purposes, which are treated as Unrestricted Funds. This year the Charity also benefitted from both the Birmingham Small Business Recovery Grant and COVID Job Retention schemes - aimed at helping small organisations in our area recover and grow from the impact of the COVID Pandemic.

As can be seen from the Statement of Financial Activities (SOFA) (page 7) the Charity achieved a surplus of £29,490 during this financial year (prior year a deficit of £4673 achieved).

The Organisation was severely impacted by the global Covid-19 pandemic during the year with cancellations of key activities and a reduction in its ability to meet in person. However, during Lockdown, Livingwell continued to promote the Christian message in Edgbaston.

LCC innovated and adjusted to the new uncertain environment quickly and incorporated a new Covid-19 resilience recovery plan to ensure that we could continue to deliver a community engagement service.

The adoption of our new Covid-19 resilience recovery plan has led to renewed activities and engagement with new members of our community.

LCC made the following achievements: -

The Trustees are empowered to invest monies of the Charity not immediately required for the furtherance of its objects in or upon such investments, securities or property as may be thought fit, nevertheless subject to such conditions (if any) and such consents (if any) as may for the time being, be imposed or required by law

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STATEMENT OF DIRECTORS’ RESPONSIBILITIES

The directors are required under UK Company law to prepare financial statements for each financial year, which give a true and fair view of the company’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the directors are required to:

The directors are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the company, and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors have identified the major risks to which the charity is exposed and have put adopted

suitable mechanisms to manage those risks.

APPROVAL

This report was approved by the directors on 13[th] December, 2021

and signed on their behalf: ….............................................................................................. Mr Derrick Dunkley, Trustee

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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF LIVINGWELL COMMUNITY CHURCH LTD

I report on the accounts of the Charity for the year ended 31 March 2021, which are set out on pages 4 – 5 and 7 – 11

Respective responsibilities of Trustees and Examiner

As the Charity’s trustees I am responsible for preparation of the accounts; and consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examination statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiners’ statement

In connection with my examination, no matter has come to my attention:

  1. Which give me a reasonable cause to believe that in any material respect the requirements

  2. a. To keep accounting records in accordance with section 130 of the Charities Act; and

  3. b. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

  4. To which, in my opinion, attention should be drawn in order rot enable a proper understanding of the accounts to be reached.

Letha A Charles, ACMA, MiP L Charles Accounting Ltd 1 Victoria Square Birmingham B1 1BD

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LIVINGWELL COMMUNITY CHURCH LTD

Statement of Financial Activities (incorporating an income and Expenditure Account) for the year ended 31st March 2021

Notes Restricted
Funds
£		 2021
Total
Funds
£		 2020
Unrestricted Total
Funds Funds
£ £
INCOME FROM:
Donations & legacies
2
Grants
3
Charitable Activities
4
Investment income
5		 -
-
-
-		 6,034
52,959
321
-
6,034 15,904
52,959 2,500
321 7,628
- -
TOTAL INCOME 59,314 - 59,314 26,032
- 4,548
EXPENDITURE ON:
Raising funds
Charitable activities
4,548 1,356
29,949 - 29,949 -
TOTAL EXPENDITURE
6		 34,497 - 4,548 1,356
24,817
-
NET INCOME/(EXPENDITURE)
before transfers 24,817 (4,739)
Transfer between funds 0 -
Net Incoming/(Outgoing)
resources 24,817 - 24,817 (4,739)
- 4,673
RECONCILIATION OF FUNDS
4,673 9,403
Total funds bought forward
TOTAL FUNDS CARRIED FORWARD 29,490 - 29,490 4,664

There are no recognised gains or losses other than those passing through the income and expenditure account

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LIVINGWELL COMMUNITY CHURCH LTD

Balance Sheet as at 31st March 2021

Notes 2021 2020
£ £
FIXED ASSETS
Tangible assets 7 11,700 5,488
CURRENT ASSETS
Debtors & Prepayments 8 (12,500) (6,798)
Cash at bank and in hand 43,204 6,703
30,704 (95)
CREDITORS
Amounts fallingdue within oneyear 9 (8,301) (207)
NET CURRENT ASSETS 22,403 (302)
TOTAL ASSETS LESS CURRENT LIABILITIES 34,103 5,186
CREDITORS
Amounts falling due after more than one
year 10 (4,614) (513)
NET ASSETS 29,490 4,673
FUNDS
Restricted funds - -
Unrestricted funds 29,490 4,673
TOTAL FUNDS 29,490 4,673

For the year ending 31st March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006 The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provision applicable to companies subject to the small companies’ regime.

The accounts were approved by the board on 13th December 2021 Derrick Dunkley, Chair

The notes form part of the financial statements

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Notes to the Financial Statements for the year ended 31 March 2021

1 ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the financial reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Financial Reporting Standard Number 1

Exemption has been taken from preparing a cashflow statement on the grounds that the company qualifies as a small company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, fittings, computers and office equipment

25% per annum on the fixed instalment basis

Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all the costs, related to the category. Where costs cannot be directly attributable to headings, they have been allocated to activities on a basis consistent with the use of the resources.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

The charity is exempt from corporation tax on its charitable activities

Funding

Unrestricted Funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for the restricted purpose within the objects of the charity. Restrictions arise when specified by the donor or when the funds are raised for a particular restricted purpose. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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LIVINGWELL COMMUNITY CHURCH LTD

Notes to the Financial Statements Notes to the Financial Statements
for the year ended 31 March 2020
2021 2020
2
INCOME FROM DONATIONS &
LEGACIES
£
£
Donations & legacies 6034 15904
3
GRANT
Small Business Relief Grant 42600
CJRS Covid Relief Grant 10,357
Awards for All Accrued Income -
52959 2500
4
INCOME FROM CHARITABLE ACTVITIES
Grant - Hampers of Hope/Foodbank 321 7628
5
INVESTMENT INCOME
Interest receivable 0 0
6
EXPENDITURE		 2021 2020
Charitable Activities £ £
Direct cost of activities 32497 28788
Premises costs 2000 1983
Independent Examiner's fee - -
34497 30771
7
STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES
During the year, no remuneration for services as a director/trustee were payable, directly, or
indirectly, out of funds of the charity.
Trustee Stewardship insurance of £439 was paid during the year (PYR £430)
Employees 2021 2020
Number Number
The average monthly number of
employees duringtheyear was:
2
1
Employment costs
Wages and salaries 15296 19797
Employees 2021 2020
Number Number
The average monthly number of
employees duringtheyear was: 2 1
Employment costs
Wages and salaries 15296 19797

Page 10 of 12

Social security costs 0 0 Pensions costs 454 38 15750 19835

There are no employees whose annual emoluments were £60,000 or more

Unrestricted Restricted Total
8
TANGIBLE FIXED ASSETS		 Funds Funds
Cost
At 31 March 2020 5,488 - - 5,488
Additions 11,495 - - 11,495
Disposals - - - -
As at 31 March 2021 16,983 - - 16,983
Depreciation
At 31 March 2020 - - - -
Charge for the period 5,283 - - 5,283
Disposals - - - -
As at 31 March 2021 5,283 - - 5,283
Net book value
At 31 March 2021 11,700 - - 11,700
At 31 March 2020 5,488
-		 -
5,488
9
Debtors		 At 31
March
At 31
March
2021 2020
£ £
Trade debtors - 702
Prepayments and accrued income (12,500) (7,500)
Other debtors - -
(12,500) (6,798)
10
Creditors: amounts falling due within one year		 2021 2020
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors (8,301) (207)
Taxation and social security costs - -
Accrued expenses - -
(8,301) (207)

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2021
Total
2020
Total		 2021
Total
2020
Total		 2021
Total
2020
Total		 2021
Total
2020
Total		 2021
Total
2020
Total		 2021
Total
2020
Total		 2021
Total
2020
Total
11
Creditors: amounts falling due after oneyear		 (4,614) (513)
2021 2020
Unrestricted Restricted Total Total
12
Analysis of net assets between funds		 Funds Funds Funds Funds
Fixed Assets 11,700 - 11,700 5488
Net Current Assets 22,403 - 22,403 -302
Longterm Liabilities (4,614) - (4,614) -513
29,490
-
29,490
4,673
13
Restricted funds

13 Restricted funds

No restricted funds were held by the Charity at 31 March 2021

14 Commitments under operating leases

At 31 March 2020 the organisation had no annual commitments under non-cancellable operating leases.

15 Related party transactions

There were no transactions with related parties during the year or previous year that require disclose in these accounts.

16 Other information

LIVINGWELL COMMUNITY CHURCH LTD is a CHARITABLE Company Limited by Guarantee and is a charity registered with the Charity Commissioners number 114323 and incorporated on 27 July 2007, with name change adopted as amended by special resolution dated 29 September 2011 in England. Its registered office is:

40 Woodview Drive

Wooview Community Centre Birmingham B15 2HU

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