FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Company Registration Number:
04823111 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Company Information

for the Period Ended 31 July 2023




Director: Olubamidele Aderiye
Secretary: Isha Dumbuya
Registered office: Unit 61,
99-109 Lavender Hill
London
SW11 5QL
Company Registration Number: 04823111 (England and Wales)

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 172 207
Total fixed assets: 172 207
Current assets
Debtors: 28 35
Cash at bank and in hand: 47 36
Total current assets: 75 71
Creditors: amounts falling due within one year: ( 1,394 ) ( 1,041 )
Net current assets (liabilities): ( 1,319 ) ( 970 )
Total assets less current liabilities: ( 1,147 ) ( 763 )
Total net assets (liabilities): ( 1,147 ) ( 763 )

The notes form part of these financial statements

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Reserves
Income and expenditure account ( 1,147 ) ( 763 )
Members funds ( 1,147 ) ( 763 )

For the year ending 31 July 2023 the company was entitled to exemption under section 477 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 February 2024
And Signed On Behalf Of The Board By:

Name: Olubamidele Aderiye
Status: Director

The notes form part of these financial statements

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    All income is accounted for on accrual basis. Donations received other than in cash are included in income at valuation.

    Tangible fixed assets depreciation policy

    Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates.
    Computer & Office Equipment - 20% on written down value
    Furnitures & Fixtures - 15% on written down value.

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

FOUNTAIN OF LIVING WATER FOUNDATION

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible Assets

Total
Cost £
At 01 August 2022 1,034
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2023 1,034
Depreciation
At 01 August 2022 827
Charge for year 35
On disposals -
Other adjustments -
At 31 July 2023 862
Net book value
At 31 July 2023 172
At 31 July 2022 207