Charity number: 1020912 Living Springs Internatioanl Church Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2023
Living Springs Internatioanl Church Contents Page For the year ended 31 December 2023 Report of the Trustee5 Independent Examinerfs Report to the TTUSt88S Statement ol FlnanGlal Activities Statement of Financial Position Notes lo thè Financial Slal$ments 5109 Dotailed SlalÈment of Financial Activities 101011
Living Springs Intematioanl Church Report of the Trustees For the year ended 31 December 2023 The Trustees have pleasure in presenting th8ir report and the financial staternents for the charity for Ihe year ended 31 December 2023. 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 tho Republic of Ireland (FRS 1021 {effeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alms The trustees have considered th8 Ch8rlty Commision's guidance on public b8nefft, includlng the guidance 'publlc benefit.. running a ch8rily IPB21'. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Chorlty Charfty rgglstrntlon nurnbgr Prlnclpal addr•89 Living Springs Inlernatioanl Church 1020912 8-10 Devonshir8 Road London SE23 3TJ Tru8tO08 The Iruste6s and officers S8Tving during the year and slnce the year en(1 were gs foll¢yws= Mr Solomon Telfer Ms Abena Titus Glover kndepend¢nt •xamlnern Marc Threè Ac¢ounlants 125 Sunnymead Avenue Gilllngham Kent ME7 2E8 Approved by the Board of Trustees and signed on its behaw by 06 February 2025 Ms Abena Tftus Gktver 1of11
Living Springs Intematioanl Church Independent Examiners RetK)rt to the Trustees For the year ended 31 December 2023 I report to the twsloes on my examIn10n of the of f(¥ 31 3321 Responsibilitles and basls of report As the charity Iruslees. you are responsible for the preparation of the accounts accor with •* Charili8s Act 20111'lho 2011 Act'l. report In respect of my examination of Ihe charil¢s accounts Carried out undef section 145 of the 2011 Acl and in (Xy out my examination I have followed all tre applicable Directions given by the Charity Commission under section 1495Xbl of the Act. Ind8p8nd8nt examlners ststem•nt I have completed my examinatlon. I confirm that no mallers have come to my attention in connectlon with Ihe examinabon giving me cause to believe that in any materlal respect: 1. accountsng record8 were not kept Sn resp¢¢t of the Charity as r8qulred by section 130 of the 2011 Act- or 2. th8 accounts do not accord with Ihose records., or 3. tha acttounls do not comply with Ihe applicable requirements conceining the form and content of accounts sot out in tha Charlties (Account5 and Reports) Regulations 2008 other than any requirement that the a¢untS give a 'lrue and fair vieY¥ which is not a matier considered as part of an indgpendent examination. I have no concems and have come across no other matters In conn8clon wlth the examinatlon to which attonlion should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. Marc Three Accounlancy Chartered Certrfi8d Accountants Marc Three Accountants 125 Sunnyme8d Avenue Glllingham Kent ME7 2EB 06 February 2025 2of11
Living Springs Internatioanl Church Statement of Financial Activities For the year ended 31 December 2023 Notes unStCted funds 2022 Income and endowments from: Donations and legacies Inveslments Other income 118,700 19 22,340 141.059 130,781 18 24.000 Total 154.799 Expendltur8 on: Raising fund8 Charitsble activitiès {133,030) (3.780) 1136,810) 1142,9951 13,4301 <146,425) 617 Tolol Not Income Roeon¢llSatlon ol funds Total funds brought forward Ttstal funds carrlad forward 4,249 .374 664.492 664.492 668.741 672.866 3of11
Living Springs Intematioanl Church Statement of Financial Position As at 31 December 2023 Flxed assets Tangible assets 12 855.310 855,310 Cuvrgnt as$ots Cash at bank and in hand 48,898 48,898 {25,4001 40,116 40.116 Cr•dSlors: amount¥ falling duo wlthln ono year 13 Not current assets 23.498 878,808 1210,0671 668,741 40,110 922.379 1249,5131 672,866 T¢)tsl a880ts 98 currént Ilabllltl•8 Cr•dltOTS: arnounts falllng due aft•r mor• than ono yoar 14 Net assots Tho funds of tho charlty Unrestrided Income funds 15 668,741 672,866 672,866 Total fund8 668,741 The financial statements were approved and authori$¢d lor issue by thè Board and signed on ils behalf by: Ms Abena Trustee tus Glover 06 February 2025 4of11
Living Springs Internatioanl Church Notes to the Financial Statements For the year ended 31 December 2023 l. Accounling Policies Basis of accountlng The financial slalemenls have been prepared under the historical cost c0nvenbc. except for investsrwts included al market valLte and the rev8lualion of certain fixed assets and in accordance ¥wlh the CharitEs SORP IFRS 1021 'Accounling and Reporting by Charities.. Slatement of Recommonded Practice applicable to charTties preFwry tr accounts in accordance with the Financial Reporting Sland8rd applicable in the UK and Republic of Ireland IFRS 11Y21 leffeclive 1 January 2019}', Financial Reporting Slandard 102 the Financlal Reporting Standard applicable in the UK and Republic Df Ireland IFRS 1021. and the Charities AGI 2011. Livlng Sprlngs Inlernalloanl Church meets the definitton of 2 public beneflt entY under FRS 102. Assets and liabilllies are Initially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy notsl$l. 2. In¢ome from donat10 •nd legacl88 2023 2022 Vnrestrlcted lund• Donations received 118.700 115.077 Grants recelved 15.704 118.700 130,781 3. Inv•stment Incomo 2023 2022 Unr98tr+¢t•d funds Bank intero31 receivable 19 18 19 4. Other Income 2023 2022 Unrostrlctod funds Gains on dispos81 of tanglble red 0s5el for charitls own use 22,340 Rental income 24.000 22,340 24,000 5of11
Living Springs Internatioanl Church Notes to the Financial Statements Continued For the year ended 31 DeMber 2023 5. Expenditure on generating donatlons and lega¢loS Unrestrlctsd fund$ Don8tions 80.790 SLFPPOrt costs 52,240 57,543 133.030 142.995 6. Costs of charltabl8 act5vRlos by fund type 2023 2022 Unregtrlctsd fund• Support costs 3,780 3,430 7. Costs of charlt#blo a¢tlvltl•s by J¢tlvlty typo 2023 2022 Donatlons 3,780 3.430 8. Analy818 ol support 2023 2022 Voluntary Income Management Heallng, Llght & Power Travelling Telephone & Compute Musicians 7.430 1.960 5.800 1.430 14.800 11,200 8,500 8,743 1.980 9,400 2,130 14.600 10.510 9,210 Paslorlal & Missionary Volunteers & General Expenses Catoring & Refreshments 1,320 970 Governance costs 3,780 3.430 56.020 60,973 6of11
Living Springs Internatioanl Church Notes to the Financial Statements Continued For the year ended 31 December 2023 9. Net Incornel{expendlture) for the year Thi5 is ststed after chargingl(crediting)-. 2023 20Z2 AccounlanGy fees IGalnllLo$$ on dlspos81 of tangible fixed Bssèts 2,500 122.340) 2,500 10. Staff costs and emolumgnts Total staff costs for the year end8d 31 December 2023 ware.. 2023 2022 S8larte8 and wages 46,500 48,520 46,500 48,520 2023 2022 Volunteers 11. Comparntlve for tho Statom•nt of Flnan¢lal Actlvl¢l•• The comparative year values on tho Ststement of Flnancial Aclivites are for unrestricted funds. 12. Tanglbl• flxod as$•ts Land and Bullding8 Cost or valuatlon Al 01 January 2023 Al 31 December 2023 1.347.617 1.347.817 Dopreclatlon At 01 January 2023 465,354 Charge for year At 31 December 2023 26.953 492.307 Net book valuos At 31 De¢8mber 2023 855,310 At 31 December 2022 882,263 7of11
Living Springs Intematioanl Church Notes to the Financial Statements Continued For the year ended 31 December 2023 13. Credltors.. amounts falllng due within one year 2023 2022 Other creditors 25,400 25.400 14. Crgditors: amounts falllng due after morg than one year 2023 2022 Other creditor8 210.067 249,513 210,067 249.513 15. Movement In fund8 Unrgstrlctod Funds Balonce at 0110112023 Incomlng rosources Outgolng resour¢e8 Balance at 3111212023 Gengr81 General 664,492 141,059 1136,810) 668,741 664492 141,059 1136,810) 668,741 Unrestrlcted Fund$ . Prevlous y•ar Balance at 0110112022 Incomlng ro8our¢o8 Outgolng resourcgs Balan¢e al 3111212022 Gen6r81 Gener81 664.492 154,799 (146,4251 672,866 664,492 154,799 1146,425 672.866 Purpose of unrnstricted Funds General To advance the Christian religion and education in religion: to relieve povety, hardship and digtress. 8of11
Living Springs Internatioanl Church Notes to the Financial Statements Continued For the year ended 31 December 2023 16. Analysis of net as80ts batwepn funds T•ng5ble fixed assets Net curf•nt assotg 1 Illabllltles} Crndltors > one year N•t Assèts Unrestrlctad fund8 General General 855,310 23,498 (210,0671 668,741 855,310 23,498 (210,067) 668.741 Prevlous year Tanglblo flxgd a88•ts N•t ¢uff8nt •ssets I Credltors > one y•ar N•tANs•ts Unrestrlcted tund$ G8n&ral Genéral 882.263 40,116 1249.513) 672,866 882.263 40,116 1249.513) 672,866 90111
Living Springs Internatioanl Church Detailed Statement of Financial Activities For the year ended 31 Decernber 2023 2023 2022 INCOME AND ENDOWMENT Donations and legacles Donations Grants receivable 118,700 115.077 15.704 118,700 130.781 Investments Bank inter65t CeIVable 19 18 19 18 Other Incomo Gains on disposal of tangible fixed sssat for har¢ty's own use Rental Income 22,340 24,000 22.340 24,000 Total In¢omlng r080urce8 EXPENDITURE 141,059 154,799 Ralslng donatlonB and1ogacig8 Donatlons (80,7901 185,452} {80,790 {85,4521 SUPPORT COSTS Management Manag&ment 17.4301 (8,7431 17.430) (8.7431 Heatlng, Llght & Power Healing, Llghl & Power 11,960) 11.9801 (1,960) {1,980) Travelllng Travelling 15.6001 19,4CWJI (5.600> 19,4001 Telèphone & Computer8 Telephon8 & Computers 11,4301 12.1301 (1,430) (2,130) MusS¢lan$ Musicians {14,800) 114,600} 114,800) {14,600) Pastorlal & Mlsslonary Paslorial & Missionary 111,200) 110,5101 (11,200) (10.510) Volunteers & Genèral Expenses Volunteers & General Expenses {8,500} {9,210) 18,500) (9,210) Catering & Refreshments Catering & Relreshments (1.320) {9701 10of11 This page does not form part of the 5tattrtory financi81 statements
Living Springs Internatioanl Church Detailed Statement of Financial Activities Continued For the year ended 31 December 2023 {1,320) (970) Govèrnance costs Govemance costs (3,7801 13,4301 13,780) 13,430) Total r•8ourc88 •xpondad 1136.810) 1146,4251 Not InGomg 4.249 8,374 11 of11 This page does not ft)rm part of the statsjtory financial slatements