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2022-03-31-accounts

Company Ltd by Guarantee No. 06326889

Registered Charity Number: 1145323

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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

Page 2 of 12

LIVINGWELL COMMUNITY CHURCH LTD

COMPANY AND CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2022

DIRECTORS / TRUSTEES:

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

40 Woodview Drive Woodview Birmingham B15 2HU

REGISTERED OFFICE: Woodview B15 2HU REGISTERED NUMBER REGISTERD CHARITY NUMBER: 1145323 INDEPENDENT EXAMINER

06326889 (England and Wales)

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

Page 3 of 12

LIVINGWELL COMMUNITY CHURCH LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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 maintained a surplus of £20,026 during this financial year (prior year a surplus of £29,490 was 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.

The innovative adjustments from previous years have meant that LCC was able to attract Covid-19 resilience recovery funding 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: -

Page 4 of 12

Our Church has continued to receive new members and extended the number of volunteers increasing our engagement with the local Edgbaston community.

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

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, 2022

and signed on their behalf: …..............................................................................................

Mr Derrick Dunkley, Trustee

Page 5 of 12

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 2022, which are set out on pages 4 – 5 and 7 – 12

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

  1. 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

Page 6 of 12

LIVINGWELL COMMUNITY CHURCH LTD

Statement of Financial Activities (incorporating an income and Expenditure Account)

for the year ended 31st March 2022

Statement of Financial Activities (incorporating an income and Expenditure Account) for the year ended 31st March 2022

Notes
INCOME FROM:
Donations & legacies
2
Grants
3
Charitable Activities
4
Investment income
5
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activities
TOTAL EXPENDITURE
6
NET INCOME/(EXPENDITURE)
before transfers
Transfer between funds
Net Incoming/(Outgoing) resources
RECONCILIATION OF FUNDS
Total funds bought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
Funds
Funds
£
£
11,323
-
15,628
-
7,567
-
-
-		 2022
Total
Funds
£
11,323
15,628
7,567
-
34,518		 2021
Total
Funds
£
6,034
52,959
321
-
34,518
-		 59,314
41096
-
2,886
-
-
43,981
-
(9,464)
-
(9,464)
-
29,490
-
20,026
-		 41,096
2,886
-
43,981		 29,949
4,548
-
34,497
(9,464)
-		 24,817
-
(9,464) 24,817
29,490 4,673
20,026 29,490

There are not recognised gains or losses other than those passing through the income and expenditure account.

Page 7 of 12

LIVINGWELL COMMUNITY CHURCH LTD Balance Sheet as at 31st March 2022

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors & Prepayments
Cash at bank and in hand		 Notes 2022 2021
£ £
7 11,700 11,700
8 10,548 (12,500)
7,364 45,292
CREDITORS
Amounts falling due within one year		 17,911 32,792
9 (6,383) (9,301)
NET CURRENT ASSETS
11,529 23,491
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year		 23,229 35,191
10 (5,486) (5,701)
NET ASSETS 17,742 29,490
FUNDS
Restricted funds
Unrestricted funds
- -
17,742 29,490
TOTAL FUNDS 17,742 29,490

For the year ending 31st March 2022 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 2022

Derrick Dunkley, Chair

The notes form part of the financial statements

Page 8 of 12

Notes to the Financial Statements for the year ended 31 March 2022

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.

Page 9 of 12

2
INCOME FROM DONATIONS & LEGACIES
INCOME FROM DONATIONS & LEGACIES		 2022
£		 2021
£
Donations &legacies 18810 6034
3
GRANT
Small Business Relief Grant
CJRS Covid Relief Grant
Awards for All Accrued Income		 12000
3628
-
42600
10357
-
15628 52959
4
INCOME FROM CHARITABLE ACTVITIES
Grant- Hampers of Hope/Foodbank 80 321
5

INVESTMENT INCOME
Interestreceivable 0 0
6 2022
£
43750
231
-

EXPENDITURE		 2021
Charitable Activities £
Direct cost of activities 32497
Premises costs 2000
Independent Examiner's fee -
43981 34497

STAFF COSTS, TRUSTEES REMUNERATION AND

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 £915 was paid during the year (PYR £439)

Employees 2022
Number		 2022
Number		 2021
Number

during the year was:		 2 2
Employment costs:
Wages and salaries
Social security costs
Pensions costs		 16937
0
1150
19797
0
38
18086 19835

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

Page 10 of 12

Unrestricted Restricted
Total
8
TANGIBLE FIXED
ASSETS		 Funds Funds
Cost
At 31 March 2021 11,700
-		 -
11,700
Additions -
-		 -
-
Disposals -
-		 -
-
As at 31 March 2022 11,700
-		 -
11,700
Depreciation

At 31 March 2021		 -
-		 -
-
Charge for the period -
-		 -
-

Disposals		 -
-		 -
-
As at 31 March 2022 -
-		 -
-
Net book value
At 31 March 2021 11,700
-		 -
11,700
At 31 March 2022 11,700
-		 -
11,700
At 31
March
At 31
March
2022
2021
£
£
-
-
10,548
(12,500)
-
-
9
Debtors
Trade debtors
10,548
(12,500)
10
Creditors: amounts falling due within one year
Non-equity preference shares
Bank loans and overdrafts		 2022
2021
£
£
-
-
-
-
-
-
(6,383)
(9,301)
-
-
-
-
Obligations under finance lease and hire purchase contracts
Trade creditors
Taxation and social security costs
Accrued expenses
(6,383)
(9,301)
11
Creditors: amounts falling due after one year		 (5,486)
(5,701)

Page 11 of 12

2022
2021
Unrestricted
Restricted
Total
Total
Fixed Assets 11,700
-
11,700
11700
Net Current Assets 11,529
-
11,529
23491
Long term Liabilities (5,486)
-
(5,486)
(5,701)
17,742
-
17,742
29,490

13 Restricted funds

No restricted funds were held by the Charity at 31 March 2022

14 Commitments under operating leases

At 31 March 2022 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

Woodview Community Centre Birmingham B15 2HU

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