REGISTERED COMPANY NUMBER: 03341814 (England and Wales)

REGISTERED CHARITY NUMBER: 1133634

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Triangle Living Water Limited

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

13

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Significant activities

2024 A Fruitful Year, of Receiving & Giving.

Donations and Sales have continued to be steady, throughout the year. The managers and volunteers have ensured that the shop is always warm and welcoming and the items we have for sale are great quality. We have received so many compliments from customers, especially new ones, on how beautiful and clean and organised and welcoming Living Water is, and peaceful too. As a board of trustees we are so grateful to all the hard work that goes into the place, and are thankful to God that his love is reflected in all that is done.

We had our first 'jumble sale' in many years, which was part of the Triangle Community Summer Fayre. A great time was had by all, and we were able to sell some items, very cheaply that ordinarily wouldn't have been quite good enough for selling in the shop, but for 10p or 20p an item were ideal for a jumble sale. We were grateful to all the volunteers to set up, cleared down and covered the stalls. Feedback was very positive.

The defibrillator was installed at the Community Centre funded by IBC and The Round Table, with Living Water being the Guardian, and covering all the costs of pads and upkeep. In 2024 (9 months) it was accessed 6 times, so clearly an important device and we are proud to be able to be the Guardian.

We continue to give away any School Uniform that is donated through the shop to other organizations that give it to those in need.

We have been able to pay for items on Ranelagh Primary Schools wish list to help them, help the children of our locality. We were also able to help Wellbeing Wednesdays & Triangle Top Up Shop with a printer and other items to help the community in a practical way.

We are so pleased to have our Children's and Family worker now, employed by St Eds & Ips Diocese but funded by grants received by Living Water, and the person works out of Living Water twice a week, which is already making a different to the families and children on the Estate.

In 2025 the shop will have a small makeover, with the renewal of counters and display stands which are looking a little well worn now. This will just be a small weekend upgrade so the shop will not close at all, whilst this takes place.

We are in need of more volunteers to join us in all that we do, to provide good quality items at reasonable prices, and to work together to help improve the quality of life for those on our Estate.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03341814 (England and Wales)

Registered Charity number

1133634

Registered office

38 Dickens Road

Ipswich

Suffolk

IP2 0JN

Trustees

Mrs D Carey

Ms L A R Hall

Ms L Mortlock

Reverend D F Morrison

Independent Examiner

Luke Harvey MAAT

Suffolk Tax Accountants Group

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

Approved by order of the board of trustees on 24 September 2025 and signed on its behalf by:

Mrs D Carey - Trustee

Independent examiner's report to the trustees of Triangle Living Water Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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 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.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I 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 a proper understanding of the accounts to be reached.

Luke Harvey MAAT

Suffolk Tax Accountants Group

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

29 September 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

50,992

-

50,992

42,510

Charitable activities

Second hand shop

-

48,100

48,100

-

Other trading activities

2

879

-

879

491

Total

51,871

48,100

99,971

43,001

EXPENDITURE ON

Raising funds

3

8,158

-

8,158

5,084

Charitable activities

Second hand shop

31,026

9,014

40,040

26,939

Total

39,184

9,014

48,198

32,023

NET INCOME

12,687

39,086

51,773

10,978

RECONCILIATION OF FUNDS

Total funds brought forward

27,549

-

27,549

16,571

TOTAL FUNDS CARRIED FORWARD

40,236

39,086

79,322

27,549

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

5,164

751

5,915

4,332

CURRENT ASSETS

Debtors

9

1,172

-

1,172

1,117

Cash at bank

34,770

71,680

106,450

22,922

35,942

71,680

107,622

24,039

CREDITORS

Amounts falling due within one year

10

-

(25,000

)

(25,000

)

-

NET CURRENT ASSETS

35,942

46,680

82,622

24,039

TOTAL ASSETS LESS CURRENT LIABILITIES

41,106

47,431

88,537

28,371

ACCRUALS AND DEFERRED INCOME

11

(870

)

(8,345

)

(9,215

)

(822

)

NET ASSETS

40,236

39,086

79,322

27,549

FUNDS

12

Unrestricted funds

40,236

27,549

Restricted funds

39,086

-

TOTAL FUNDS

79,322

27,549

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2025 and were signed on its behalf by:

D Carey - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost and 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

31.12.24

31.12.23

£

£

Shop income

879

491

3.	RAISING FUNDS

Investment management costs

31.12.24

31.12.23

£

£

Rent collection

3,900

2,700

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.24

31.12.23

£

£

Depreciation - owned assets

1,472

807

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

1 trustee (2023: 2) was reimbursed for shop supplies, and other relevant items for the shop totalling £235 (2023: £206).

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.24

31.12.23

Charitable activities

3

2

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

42,510

-

42,510

Other trading activities

491

-

491

Total

43,001

-

43,001

EXPENDITURE ON

Raising funds

5,084

-

5,084

Charitable activities

Second hand shop

26,939

-

26,939

Total

32,023

-

32,023

NET INCOME

10,978

-

10,978

RECONCILIATION OF FUNDS

Total funds brought forward

16,571

-

16,571

TOTAL FUNDS CARRIED FORWARD

27,549

-

27,549

8.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

5,961

-

5,961

Additions

207

2,848

3,055

At 31 December 2024

6,168

2,848

9,016

DEPRECIATION

At 1 January 2024

1,629

-

1,629

Charge for year

1,373

99

1,472

At 31 December 2024

3,002

99

3,101

NET BOOK VALUE

At 31 December 2024

3,166

2,749

5,915

At 31 December 2023

4,332

-

4,332

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Prepayments

1,172

1,117

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

25,000

-

11.	ACCRUALS AND DEFERRED INCOME

31.12.24

31.12.23

£

£

Accruals and deferred income

9,215

822

12.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

27,549

12,687

40,236

Restricted funds

Family worker restricted

-

39,086

39,086

TOTAL FUNDS

27,549

51,773

79,322

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

51,871

(39,184

)

12,687

Restricted funds

Family worker restricted

48,100

(9,014

)

39,086

TOTAL FUNDS

99,971

(48,198

)

51,773

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

16,571

10,978

27,549

TOTAL FUNDS

16,571

10,978

27,549

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

43,001

(32,023

)

10,978

TOTAL FUNDS

43,001

(32,023

)

10,978

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

16,571

23,665

40,236

Restricted funds

Family worker restricted

-

39,086

39,086

TOTAL FUNDS

16,571

62,751

79,322

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

94,872

(71,207

)

23,665

Restricted funds

Family worker restricted

48,100

(9,014

)

39,086

TOTAL FUNDS

142,972

(80,221

)

62,751

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.