Company registration number: 08465754 Charity registration number: 1152890 Living Waters Europe (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 May 2024
Reference and Administrative Details Trustses. Report Statement of Trustees. Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-12
Living Watsrs Europe Reference and Administrative Details Trustees Mr John Harris Mrs Daniela Harris Mr Peter Harris Mr Christopher Riley Principal Office 27-29 Kirkgate Newark Nottinghamshire NG24 1AD Company Registration Number 08465754 Charity Registration Number 1152890 Independent Examiner Zest Partnership Ltd 18b Balderton Gate Newark Notts NG24 1UE
Living Waters Europe Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial ststements of the charitable company for the year ended 31 May 2024. Objectives and activities Public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Structure, governance and management Objectives andpolicies The Charity is govemed by its Memorandum ofAssociation. The principal objectives of the trust are the advancement of the Christian religion by the mounting of public worship, prayer and evangelistic meetings and the provision of books, tracts, pamphlets and literature designed to advance the Christian religion. There are currently four Trustees. Future Trustees shall be appointed by resolution at a meeting of the Trustees. Achievements and Perfomance The charity has established and participated in a range of initiatives that promote and fulfil its objectives. We continue to explore innovative ways to connect with people. On university campuses, we've sparked vibrant debates and discussions, including "Grill a Christian" sessions that tackle the "difficult" questions about faith. Alongside our publications, downloads and media productions, we are hosting an increasing number of talks, conferences, and academies, both in the UK and overseas. Financlal Review Income continued to grow from the sale of publications and media and although donations were smaller this year, this was due to amounts that were received last year for events centred around the King's coronation. Future Plans We plan to continue producing more material digitally and electronically to encourage more churches and universities to be trained and equipped with the information necessary to further the charity's objectives and allow easier engagement. We will continue to work on innovative, meaningful outreach.
Living Waters Europe Trustees, Report Reserves Policy The charity has relatively small fixed costs, and so the Trustees are content to maintain reserves at the level of around six to twelve months. expenditure. This allows a sufficient buffer while allowing the charity to maximise the use of its funds for its charitable activities. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 25 February 2025 and signed on its behalf by: . Mr John Harris, Trustee
Living Waters Europe Statement of Trustees, Responsibilities The trustees (who are also the directors of LNing Waters Europe for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice) and applicable law and regulations. The report and accounts have been prepared in accordan with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently; obserde the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charty on 25 February 2025 and signed on its behalf by: Mr John Harris Trustee
Living Watsrs Europe Independent Examiner's Report to the trustees of Living Waters Europe I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 May 2024 which are set out on pages 6 to 12. Respective responsibilities of trustees and examiner As the charity's trustees of the Company (who are also the directors of the Company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b)) of the 2011 Act. I have completed my examination. I confinn that no material matters have come to my attention which gives me cause to believe that: accounting records were not kept in accordan with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordan with the Charities SORP (FRS102) 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 proper understanding of the accounts to be reached. Nicola Curson ACA 18b Balderton Gate Newark Notts NG24 1UE i5/o12W5.
Living Watsrs Europe Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the Year Ended 31 May 2024 Total 2024 Total 2023 Income: Notes Donations 74,115 169,682 Trading Activities 77,089 59,500 Total Income 151,204 229,182 Expenditure: Trading Activities 50,325 80,223 Charitable Activities 107,663 103,301 Total Expenditure 157,988 183,524 Net movement in Funds (6,784) 45,658 Reconciliation of funds: Total Funds Brought Forward 80,297 34,639 Total funds carried forward 73,513 80,297
Living Waters Europe Balance Sheet As at 31 May 2024 Company Number 08465754 2024 2023 Notes Tangible Fixed Assets 3,370 5,054 Current Assets Stock Debtors Cash and bank in hand 26,106 4,806 43,783 23,468 6,503 61,741 74,695 91,712 Creditors: Amounts falling due within one year (4,552) (16,469) Net Current Assets 70,140 75,243 Net Assets 73,513 80.297 Funds of the Charity: Unrestricted Funds 73,513 80,297 Total Funds 73,513 80,297 For the year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the Company to obtsin an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the Small Companies, Regime. Approved by the trustees and authorised for issue on 25 February 2025. Mr John Harris Trustee
Living Waters Europe Notes to the Financial Statements For the Year Ended 31 May 2024 1. Charity Information The charity is a company limited by guarantee (registered number 1152890). Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The registered office is 27-29 Kirkgate Newark, Nottinghamshire NG24 1AD. 2. Accounting policies Summary of significant accounting policies and key accounting estimates Basis of Accounting The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with FRS102, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy note. Income All income is recognised On the charity has entitlement to the income, it is probable that the income will be reived, and the amount of the income receivable can be measured reliably. Donations and legacies Donations are recognised when received. In the event that a donation is subject to conditions that require a level of perf0rrnan by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that these conditions will be fulfilled in the reporting period. Expenditure All expenditure is recognised On there is a legal or constructive obligation to that expenditure, it is probable settlement is required, and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. V*there costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources.
Living Waters Europe Notes to the Financial Statements For the Year Ended 31 May 2024 Stocks Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Cost is calculated using the first- in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depredation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Furniture and Equipment _ 33 % reducing balan. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 3. Income from Trading Activities 2024 2023 Books, downloads and publications 71,826 55,504 Courses and seminars 5,263 3,996 Total 77.089 59,500
Living Waters Europe Notes to the Financial Statsments For the Year Ended 31 May 2024 4. Analysis of Expondlture Trading Activities 2024 2023 Purchases Carriage 38,903 11,422 52,328 27,895 Totsl 50,325 80.223 Charitable Activities 2024 2024 Salaries Pension Costs Event Costs Rent Insurance Telephone and Internet Stationery Advertising Accountancy Bank Charges Donations Motor and Travel costs Depreciation Sundry 38,140 1,050 39,987 924 17,439 3,816 1,155 3,351 783 2,343 1,510 1,944 5,499 16,109 2,437 6,004 13,448 1,297 7,290 327 5,241 1,666 2,740 8,376 20,341 1,684 6,063 107,663 103,301 10
Living Waters Europe Notes to the Financial Statements For the Year Ended 31 May 2024 5. Tangible Fixed Assets Furniture and Equipment Cost As at 1 June 2023 23,833 Additions As at 31 May 2024 23,833 Depreciation As at 1 June 2023 18,779 Charge for the year 1,684 As at 31 May 2024 20,463 Net Book Value 31 May 2024 3,370 31 May 2023 5,054 6. Debtors Due within one year 2024 2023 Other Debtors 4,806 6,503 Total 4,806 6,503 li
Living Waters Europe Notes to the Financial Statements For the Year Ended 31 May 2024 7. Creditors: Amounts Falling Due Within One Year 2024 2023 Trade Creditors Expenses due to Trustees Other Creditors 1,919 1,475 1,158 9,882 5,401 1,186 Total 4,552 16,469 8. Relatsd Party Transactions The charity's employee during the year was a family member of a trustee. The average number of employees was 1. The charity occupies premises owned by one of the trustees and paid rent during the year of £13,448. 12