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2022-12-31-accounts

Church of the Living God Trust

Trustees' Report and Unaudited Accounts

for the year Ended 31 December 2022

Church of the Living God Trust

Trustees' Report

for the year ended 31 December 2022

The Trustees present their annual report together with the charity's financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, applicable law and the requirements of the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005.

1. Reference and administration information

The charity was established by a trust deed on 18 January 1989 and is registered with the Charities Commission (No. 803600).

The charity's Registered Office is Swallow House, 122 Fairfax Road, Teddington, Middx. TW11 9BS.

The trustees during the year were as follows: J.M. Wendon (Chairman)

K. Martin

B. Martin

A. Millett

C. Ogwok V. Matthews

S. Skariah

The charity's professional advisers are as follows:

Accountants: HB Accountants, 28 Plumpton House, Plumpton Road, Hoddesdon, Herts. EN11 OLB Bankers: HSBC plc, 26-28 St. Ann's Road, Harrow, Middlesex, HA1 1AL

2. Structure, governance and management

Trustees are appointed from within the membership of the Church of the Living God by its Elders after they have examined the appointee's character and Christian walk over a period of time.

The trustees meet throughout the year to oversee and administer the running and direction of the Trust in accordance with its objects and the benefit and public requirements of the Charities Act 2011. The Trust continues to maintain a "Welcome Pack" that includes an introduction to the Trust and its governing deed, as well as a copy of the Trust Deed, a summary of its objects and key procedures; an outline of the responsibilities of all the trustees as well as those of the Chairman, Treasurer and Secretary; together with a "Trust Calendar" that sets out meeting dates and regular matters to be considered. Also included in the Welcome Pack are the Charities Commission's "Hallmark of an Effective Charity at a Glance", "Being a Trustee" and "Guidance on Public Benefit" as well as a summary of the Public Benefit guidance.

All of the trustees give their time freely and none of them receive any remuneration. In the event that any decision could involve a conflict of interest, it is the policy of the Trust to require the affected trustee to withdraw from any part of such discussion.

Under the Trust Deed, the Trust has the power to make any investment which the trustees see fit.

The trustees have assessed the major risks to which the Trust is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to mitigate exposure to the major risks.

Page 1

Church of the Living God Trust Trustees' Report

for the year ended 31 December 2022

3. Objectives and activities

The objects of the Trust are to promote the Christian faith; to organise, sponsor and promote Christian churches in the U.K.; to relieve poverty; and to promote education in the context of the Christian faith. The trustees are satisfied that relief of poverty is within the benefit requirements of the Charities Act 2011 and that the other objects are within the public benefit requirements of the Charities Act 2011. The trustees are also satisfied that the decisions and gifts that have been made during this reporting year also meet the requirements of benefit and public benefit.

The general grant making activities of the Trust consist of giving money to causes that fall within the objects of the Trust.

4. Achievements and performance

The Trust continued to support the Church of the Living God with both its running and outreach costs.

The Trust continued its policy of giving 10% of its income split between various beneficiaries who fall within the Objects. This years recipients were Open Doors (OD), Living Hope Ministries (LHM), Reaching the World (RTW), The Riverbank Trust (TRT), Kick London (KL) and Mission Guatemala. OD is an organisation that supports persecuted Christian in different parts of the world and provides disaster relief for poor people.

LHM is an evangelical outreach organisation that preaches the gospel in the UK and abroad.

RTW is a ministry that works primarily in Myanmar and Kenya, both with orphans and training ministers of the gospel.

TRT is a Christian charity which seeks to love, support and befriend vulnerable single mums and their families in the London Borough of Richmond.

KL is a charity that engages young people in London with sports activities to help them become productive individuals as they encounter the gospel message.

Mission Guatemala is a family based Christian mission which runs a Christian school, church and refuge centre in Guatemala, promoting the Gospel through outreach, social care to the poor and vulnerable and sport.

Gifts were also made to support a Christian phone ministry to Sierra Leone; to a widow in Liberia to pay for the funeral expenses of her husband who was a pastor; to Sierra Leone to help with the cost of a church building; and to Mission 24 to support a poverty cause in Rwanda.

In addition gifts were made to Jonathan Conrathe, Living Hope Ministries, Reaching The World and Luke Vardy as well as supporting a small church in Kenilworth called Word of Life Church.

The Trustees are satisfied that all of the above gifts satisfy the applicable requirements of the Charities Act 2011 regarding benefit and public benefit.

The Trust looked carefully into the possibility of purchasing a former chapel for The Church of the Living God, but ultimately decided that it was not suitable. The Trust is therefore continuing to retain a fund for a more permanent building when a suitable one has been found. If none is available, a rental property for helping those in need, i.e. refugees, victims of domestic violence and vulnerable adults.

Page 2

Church of the Living God Trust

Trustees' Report

for the year ended 31 December 2022

5. Financial review

The trustees consider the result for the year to be good. Total income increased from £63,223 to £72,642. Gifts paid increased from £50,450 to £53,377. As a result there was a surplus for the year of £17,433 up from a surplus of £11,005 in 2021.

The finances remain strong with total funds of £485,547 compared to £474,542 in 2020.

Reserves policy:

The trustees have had a policy whereby the unrestricted funds not designated, should normally be six months of the normal resources expended, currently around £50,000, and they see no reason to adjust or change this policy. At this level the trustees consider that they would be able to continue, for a period of six months, the current activities of the Trust in the event of a significant drop in income.

On behalf of the Board of Trustees

…………………………………………..

M. Wendon

Trustee

Date:

Page 3

Independent Examiner's Report to the Trustees

on the unaudited accounts of

The Church of the Living God Trust

We report on the accounts of the Trust for the year ended 31 December 2022 which are set out on pages 5 to 10.

Respective responsibilities of trustees and examiner

The charity's trustees, you are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is required.

It is our responsibility to:

Basis of the independent examiner's report

Our examination was carried out in accordance with the 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 explanations from you as trustees concerning such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

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

have not been met; or

Amwell House 19 Amwell Street Hoddesdon Hertfordshire EN11 8TS

HB Accountants Chartered Accountants

Date:

Page 4

Church of the Living God Trust

Statement of Financial Activities

for the year ended 31 December 2022

Incoming resources
Incoming resources from generated funds
Voluntary income
Gifts receivable
Income tax recoverable
Investment income
Bank interest receivable
Total incoming resources
Resources expended
Charitable expenditure
Charitable activities:
Advancement of the gospel
Gifts payable (Note 3)
Support costs: Sundry expenses
Governance costs: Accountancy fees
Relief of poverty
Gifts payable (Note 3)
Advancement of education
Gifts payable (Note 3)
Total resources expended
Net (deficit)/surplus for the year
Funds brought forward
Funds carried forward		 General
Designated
Restricted
funds
funds
funds
£
£
£
45,535
-
9,520
11,198
-
2,012
Unrestricted funds		 General
Designated
Restricted
funds
funds
funds
£
£
£
45,535
-
9,520
11,198
-
2,012
Unrestricted funds		 General
Designated
Restricted
funds
funds
funds
£
£
£
45,535
-
9,520
11,198
-
2,012
Unrestricted funds		 General
Designated
Restricted
funds
funds
funds
£
£
£
45,535
-
9,520
11,198
-
2,012
Unrestricted funds		 2022
Total
£
55,055
13,210
56,733
4,377		 -
-		 11,532
-		 68,265
4,377
61,110
 -

 11,532
 72,642
41,016
152
1,680		 -
-
-		 9,256
-
-		 50,272
152
1,680
42,848
1,230
-		 -
-
-		 9,256
375
1,500		 52,104
1,605
1,500
44,078 - 11,131 55,209
17,032
80,161		 -
400,000		 401
5,386		 17,433
485,547
97,193 400,000 5,787 502,980

Page 5

Incoming resources
Incoming resources from generated funds
Voluntary income
Gifts receivable
Income tax recoverable
Investment income
Bank interest receivable
Total incoming resources
Resources expended		 General
Designated
Restricted
funds
funds
funds
£
£
£
38,213
-
11,755
9,533
-
2,678
Unrestricted funds		 2021
Total
£
49,968
12,211
47,746
-
14,433
1,044
-
-		 62,179
1,044
48,790
-
14,433		 63,223

Charitable expenditure

Charitable activities:
Advancement of the gospel
Gifts payable (Note 3)
Support costs: Sundry expenses
Governance costs: Accountancy fees
Relief of poverty
Gifts payable (Note 3)
Advancement of education
Gifts payable (Note 3)
Total resources expended
Net (deficit)/surplus for the year
Transfers
Net movement in funds
Funds brought forward
Funds carried forward		 34,544
-
13,038
47,582
208
-
-
208
1,560
-
-
1,560
36,312
-
13,038
49,350
1,545
-
1,323
2,868
-
-
-
-
37,857
-
14,361
52,218
10,933
-
72
11,005
-
-
-
-
10,933
-
72
11,005
69,228
400,000
5,314
474,542
80,161
400,000
5,386
485,547

Page 6

Church of the Living God Trust

Statement of Financial Position

as at 31 December 2022

Current assets
Income tax debtor
Short-term deposits
Cash at bank
Creditors: amounts falling due
within one year
Accruals
Net assets
Represented by:
Funds
Unrestricted funds
General fund
Designated funds (note 4)
Restricted funds (note 5)
Approved by the Trustees on ………………………………..		 £
£
£
£
3,192
1,952
422,567
418,190
82,045
69,483
507,804
489,625
4,824
4,078
(4,824)
(4,078)
502,980
485,547
97,193
80,161
400,000
400,000
5,787
5,386
502,980
485,547
2022
2021		 £
£
£
£
3,192
1,952
422,567
418,190
82,045
69,483
507,804
489,625
4,824
4,078
(4,824)
(4,078)
502,980
485,547
97,193
80,161
400,000
400,000
5,787
5,386
502,980
485,547
2022
2021
489,625
(4,078)
485,547
80,161
400,000
5,386
485,547

………………………………… M. Wendon

Page 7

Church of the Living God Trust

for the year ended 31 December 2022

Notes to the Accounts

1. Accounting policies

Charity information:

Church of the Living God Trust is a trust. The registered office is Swallow House, 122 Fairfax Road, Teddington, Middlesex, TW11 9BS.

The accounts have been prepared in accordance with the trust deed and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions of the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The principal accounting policies are set out below.

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable activities unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by the donors as to how they may be used.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash gifts are recognised on receipt. Other donations are recognised once the charity has been notified of the gift, unless performance conditions require deferral of the amount.

Income tax recoverable in relation to gifts received under Gift Aid is recognised at the time of the gift. Investment income is recognised in the accounts on a receivable basis.

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. All expenses are inclusive of irrecoverable VAT.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the accounts, when there is a legally enforceable right to set off the recognised amounts and there is no intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 8

for the year ended 31 December 2022

Church of the Living God Trust

Notes to the Accounts

2. Critical accounting estimates and judgements

In application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. These are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3.
Gifts payable
Advancement of the Gospel:
To Institutions
Church of the Living God
Open Doors
Reaching The World Ministries
Kick London
Living Hope Ministries
Word of Life Church
Valley Life Trust
Portchester Free Church
Riverbank Trust
CAP UK
Father's Nest
Ignite Ministries
To Individuals
Relief of Poverty:
To Institutions
Valley Life Trust
Living Hope Ministries
To Individuals
Advancement of Education:
To Individuals
Total		 No.
£
No.
£
42
33,332
40
25,651
4
2,023
4
1,575
5
3,117
4
1,726
2
1,059
2
869
3
1,682
2
763
14
1,117
8
4,047
6
3,523
-
-
1
568
-
-
2
605
1
352
-
-
1
353
-
-
1
1,125
13
1,433
16
3,982
2021
2022
92
48,459
79
40,443
7
1,813
18
7,139
99
50,272
97
47,582
3
1,250

-
-
1
125
-
-
4
1,375
-
-
2
230
9
2,868
6
1,605
9
2,868
1
1,500
-
-
1
1,500
-
-
106
53,377
106
50,450

3. Trustees

The trustees did not receive any remuneration and were not reimbursed for any personal expenses during the year.

Page 9

Church of the Living God Trust

Notes to the Accounts

for the year ended 31 December 2022

4.
Designated funds
Building fund
The designated building fund represents
for the Church of the Living God.
5.
Restricted funds
Current year:
Christian ministries
Building fund
Prior year:
Christian ministries
Building fund		 Balance
brought
forward
£
400,000		 Income
£
-		 Expenses
£
-		 Transfers
£
-		 Balance
carried
forward
£
400,000
funds set aside by the trustees for a future purchase of a building
Balance
Balance
brought
carried
forward
Income
Expenses
Transfers
forward
£
£
£
£
£
12
11,532
11,131
-
413
5,374
-
-
-
5,374
5,386 11,532 11,131 - 5,787
2
5,312		 14,371
62		 14,361
-		 -
-		 12
5,374
5,314 14,433 14,361 - 5,386

The building fund is to help finance a future purchase of a building for the Church of the Living God.

6.
Analysis of net assets between funds
Unrestricted general funds
Designated funds
Restricted funds		 Current
assets
£
102,017
400,000
5,787		 Current
assets
£
102,017
400,000
5,787		 Creditors
£
(4,824)
-
-		 Net
Assets
£
97,193
400,000
5,787
507,804 (4,824) 502,980

7. Related party transactions

There were no disclosable related party transactions during both this year and last year.

Page 10