Charity number: 1020912 

Living Springs International Church 

Report of the Trustees and Unaudited Financial Statements 

For the year ended 31 December 2024 



Independent Examiners Report to the Trustees 

## Living Springs International Church Contents Page 

## For the year ended 31 December 2024 

Report of the Trustees 

Statement of Financial Activities 

Statement of Financial Position 

Notes to the Financial Statements 

Detailed Statement of Financial Activities 10t0 



## Living Springs International Church 

For 2024 

## Report of the Trustees the year ended 31 December 

The Trustees have pleasure in presenting their report and the financial statements for 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). 

## OBJECTIVES AND ACTIVITIES 

## Objectives and aims 

The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. 

REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charity Living Springs International Church Charity registration number 1020912 Principal address 8-10 Devonshire Road London SE23 3TJ 

## Trustees 

The trustees and officers serving during the year and since the year end were as follows: 

Mr Solomon Telfer 

Ms Abena Titus Glover 

Ms Sophia Blankson 

Independent examiners Marc Three Accountants 125 Sunnymead Avenue Gillingham Kent ME7 2EB 

Approved by the Board of Trustees and signed on its behalf by 

13 November 2025 Ms Sophia Blankson 



## Living Springs International Church 

## Independent Examiners Report to the Trustees Statement of Financial Activities the year ended 31 December 

||Notes|Unrestricted|2023|
|---|---|---|---|
|||funds||
|Income and endowments from:||||
|Donations and legacies|2|110,230|118,700|
|Investments|3|25|19|
|Other income|4|20,400|22,340|
|Total||130,655|141,059|
|Expenditure on:||||
|Raising funds|5|(125,615)|(133,030)|
|Charitable activities||(3,800)|(3,780)|
|Total||||
|||(129,415)|(136,810)|
|Net income||||
|Reconciliation of funds<br>Total funds brought forward||1 ,240|4,249|
|Total funds carried forward||664,492|664,492|
|||665,732|668,741|





## Living Springs International Church 

For 2024 

## Statement of Financial Position 

## As at 31 December 2024 

|Notes<br>Fixed assets<br>Tangib(e assets<br>12<br>Current assets<br>Cash at bank and in hand<br>Creditors: amounts falling due within one year<br>13<br>Net current assets|2024<br>828,358|2023<br>855,310|
|---|---|---|
||828,358|855,310|
||54,094|48,898|
||54,094<br>(15,670)<br>38,424|48,898|
|||(25,400)<br>23,498|
||866,782|878,808|
||(201 ,050)|(210,067)|
||665,732|668,741|
||665,732|668,741|
||665,732|668,741|





Living Springs International Church 

Total assets less current liabilities 

Creditors: amounts falling due after more than one year 

14 

Net assets 

The funds of the charity Unrestricted income funds 15 

Total funds 

The financial statements were approved and authorised for issue by the Board and signed on its behalf by: 

Ms Abena Titus Glover Trustee 

13 November 2025 



Living Springs International Church 

For 2024 

Notes to the Financial Statements 

## the year ended 31 December 

## 1. Accounting Policies 

Basis of accounting 

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011. 

Living Springs International Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). 

2. Income from donations and legacies Unrestricted funds Donations received 



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v i n g S p r i n g s I n t e r n a t i o n a l C h u r c h 3. Investnent income 



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Inte rnat ion al 

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For 2024 

Unrestricted funds Bank interest receivable 

4. Other income 



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v i n g S p r i n g s I n t e r n a t i o n a l C h u r c h Unrestricted funds 



Liv ing Spr ing s Inte rnat ion al Ch urc h 

## For 2024 

Gains on disposal of tangible fixed asset for charity's own use Rental income 

|2024|2023|
|---|---|
|110,230|118,700|





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|110,230||118,700|
|2024||2023|
|||E|
|25||19|





L i v i n g S p r i n g s I n t e r n a t i o n a l C h u r c h For 2024 25 

19 



L 

i v i n g S p r i n g s I n t e r n a t i o n a l C h u r c h 

2024 20,400 

2023 22,340 



L i v i n g S p r i n g s I n t e r n a t i o n a l C h u r c h For 2024 20,400 

22,340 



## Living Springs Internatioanl Church Notes to the Financial Statements Continued For the year ended 31 December 2024 

5. Expendituæ on generating donations and legacies 

|||2024|2023|
|---|---|---|---|
|Unrestricted funds||||
|Donations<br>77,480 80,790 Support costs|48,135 52,240|||
|||125,615|133,030|
|6. Costs of charitable activiäes by fund type||||
|||2024|2023|
|Unrestricted funds||||
|Support costs||3,800|3,780|
|7. Costs of charitable activities by activity type||||
|||2024|2023|
||||E|
|Donations||3,800|3,780|
|8. Analysis of support costs||||
|||2024|2023|
|Voluntary Income||||
|Management||6,900|7,430|
|Heating, Light & Power||2,105|11960|
|Travel ling||5,870|5,600|
|Telephone & Computers||1 ,550|1 ,430|
|Musicians||11,700|14,800|
|Pastorial & Missionary||10,660|11<br>200|
|Volunteers & General||7,900|8,500|
|Expenses||||
|Catering &||1 ,450|13320|
|Refreshments||||
|Governance costs||3,800|3,780|





## Living Springs Internatioanl Church Notes to the Financial Statements Continued For the year ended 31 December 2024 

9. Net income/(expenditure) for the year 

This is stated after charging/(crediting): Accountancy fees (Gain)/Loss on disposal of tangible fixed assets 


**----- Start of picture text -----**<br>
|||
|---|---|
|51 ,935|56,020|
|2024|2023|
|2,500|2,500|
|(22,340)|

**----- End of picture text -----**<br>


## 10. Staff costs and emoluments 

Total staff costs for the year ended 31 December 2024 were: 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|2024|2023|
|Salaries and wages|46,500|46,500|
|46,500|46,500|
|2024|2023|
|00|
|Volunteers|

**----- End of picture text -----**<br>


## 11. Comparative for the Statement of Financial Activities 

The comparative year values on the Statement of Financial Activites are for unrestricted funds. 

## 12. Tangible fixed assets 


**----- Start of picture text -----**<br>
|||
|---|---|
|Land and|
|Cost or valuation|Buildings|
|£|
|At 01 January 2024|1,347,617|
|At 31 December 2024|1,347,817|
|Depreciation|
|At 01 January 2024|492,307|
|Charge for year|26,952|
|At 31 December 2024|519,259|

**----- End of picture text -----**<br>




## Living Springs Internatioanl Church Notes to the Financial Statements Continued For the year ended 31 December 2024 

Net book values 

|At 31 December 2024|||828,358|
|---|---|---|---|
|||ae|tat<br>.|
|At 31 December 2023|||855,310|
|13. Creditors: amounts falling due within one year||||
||2024||2023|
|Other creditors|15,670||25,400|
||15,670||25,400|
|14. Creditors: amounts falling due after more than one year||||
||2024||2023|
|Other creditors||||
||201 ,050||210,067|
||201 ,050||210,067|



||||2024|2023|
|---|---|---|---|---|
|Other creditors|||||
||||201 ,050|210,067|
||||201 ,050|210,067|
|15. Movement in funds|||||
|Unrestricted Funds|||||
||Balance at Incoming Outgoing Balance at 01/01/2024|Balance at Incoming Outgoing Balance at 01/01/2024|Balance at Incoming Outgoing Balance at 01/01/2024||
||resources resources 31/1212024||||
|General|||||
|General|664,492|130,655|(129,415)|665,732|
||664,492|130,655|(129,415)|665,732|
|Unrestricted Funds - Previous year|||||
||Balance at|Incoming|Outgoing|Balance|
|||||at|
||01/01/2023|resources|resources|31/12/2023|
|General|||||
|General|664,492|141 ,059|(136,810)|668,741|
||664,492|141 ,059|(136,810)|668,741|





## Living Springs Internatioanl Church Notes to the Financial Statements Continued For the year ended 31 December 2024 

## Purpose of unrestricted Funds 

## General 

To advance the Christian religion and education in religion; to relieve poverty, hardship and distress. 16. Analysis of net assets between funds 

|Analysis of net assets between funds||
|---|---|
|Unrestricted funds<br>General<br>General<br>Previous year<br>Unrestricted funds<br>General<br>General|Tangible<br>Net current<br>Creditors ><br>Net<br>Assets fixed assets<br>assets I<br>one year<br>(liabilities)<br>828,358<br>38,424<br>(201 ,050)<br>665,732|
||828,358<br>38,424<br>(201 ,050)<br>665,732|
||Tangible<br>fixed assets<br>855,310<br>Net<br>current<br>assets I<br>(liabilities)<br>23,498<br>Creditors<br>><br>one year<br>(210,067)<br>Net<br>Assets<br>668,741|
||855,310<br>23,498<br>(210,067)<br>668,741|





## Living Springs Internatioanl Church Detailed Statement of Financial Activities 

## For the year ended 31 December 2024 

|||2024|2023|
|---|---|---|---|
|INCOME AND ENDOWMENT||||
|Donations and legacies||||
|Donations||110,230|118,700|
|||110,230|118,700|
|Investments||||
|Bank interest receivable||25|19|
|||25|19|
|Other income||||
|Gains on disposal of tangible fixed asset for|22,340 charity's own use|||
|Rental income||20,400||
|Total incoming resources||130,655|141 ,059|
|EXPENDITURE||||
|Raising donations and legacies||||
|Donations||(77,480)|(80, 790)|
|||20,400|22,340|
|||(77,480)|(80,790)|
|SUPPORT COSTS||||
|Management||||
|Management||(6,900)|(7,430)|
|||(6,900)|(7,430)|
|Heating, Light & Power||||
|Heating, Light & Power||(2,105)|(1,960)|
|||(2,105)|(1 ,960)|
|Travelling||||
|TraveJ)jng||(5,870)|(5,600)|
|||(5,870)|(5,600)|
|Telephone & Computers||||
|Telephone & Computers||(1 ,550)|(1,430)|
|||(1 ,550)|(1 ,430)|
|Musicians||||
|Musicians||(11,700)|(14,800)|
|||(11,700)|(14,800)|
|Pastorial & Missionary||||
|Pastorial & Missionary||(10,660)|(11,200)|
|||(10,660)|(11<br>200)|



Volunteers & General Expenses 



## Living Springs Internatioanl Church 

|Living SpringsInternatioanlChurch|Living SpringsInternatioanlChurch|||
|---|---|---|---|
|Volunteers & General Expenses||(7,900)|(8,500)|
|||(7,900)|(8,500)|
|Catering & Refreshments||||
|Catering & Refreshments||(1 ,450)|(1,320)|
||This page does not form part of the statutory financial statements|||
||Detailed Statement of Financial Activities Continued|||
||For the year ended 31 December 2024|||
|||(1 ,450)|(1 ,320)|
|Governance costs||||
|Governance costs||(3,800)|(3,780)|
|||(3,800)|(3,780)|
|Total resources expended||(129,415)|(136,810)|
|Net Income||||
|||1 ,240|4,249|





Living Springs Internatioanl Church 

This page does not form pan of the statutory financial Stateme