SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER: 1088595 TRUSTEES Mr John Sungitsa -chair Mr Edmund Mhembere -General Treasurer Pastor Eunice Bazaya (Mrsl -General Secretary Mr5 Mary Siliya -member Mr Julius Chitseko -member MANAGEMENT COMMIThEE MEMBERS Mr Manford Kheswa Mrs Thobekile Mahlangu Mr Alfred Jiya Mr Andrew Kalonga Miss Matilda Nankhuni NONE VOTING MEMBERS Rev John Siliya -overseer Mr Kennedy Esaya -Associate RESIDENT PASTOR Pastor Eunice Bazaya (Mrsl -Nottigham Branch Pastor John Sungitsa -Harlow Essex Branch BANKERS Barclays Bank PIC Beeston 2 Chilwell Road Nottingham NG9 IEE Barclays Bank PIC 14 The Water Gardens Centre Harlow Essex CM20 IAN SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 OCTOBER 2021 The Trustees present their annual report tOEether with the financial statements of the Charity for the year ended 31 October 2021. CONSTITUTION AND OBJECTIVES The governing instrurllent of the Charity is its adopted Constitution dated 23 October 2000 as amended on 23 October 2001. The principal objectives of the Charity are- il The advancement of Christian Faith ill The relief of sickness, poverty and distress in such parts of the world and in such manner as the Trustees shall determine. FINANCIAL INFORMATION The net incomin8 resources, which were all from unrestricted funds. amounted to £24.702 and have been added to the net incoming resources brought forward of £86,229 resulting in a carry forward net incoming resources of £110,931. Tithes and offerings were the main sources of income. TRUSTEES RESPONSIBILITY The Trust Deed of the Charity and the Charities Acts require the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Charity and of its net incoming resources for that period. In preparing those financial statements, the trustees are required to.. Select suitable accounting policies and apply them consistently. Make judgement and estimates that are resonable and prudent. Prepare the financial statements on the going concern basis unless it Is inappropriate that the organisation will continue its operation. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the Charity and henceforth taking reasonable steps for prevention and detectionof fraud and other irregularities. On behalf of the board I Sungitsa Trustee (Chairman) Date.. 22.07.2023 SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 OCTOBER 2021 INCOMING RESOURCES NOTES 2021 2020 Collections, donations and tithes Provision for Gift Aid Claim 56006 58387 TOTAL INCOMING RESOURCES 56006 58387 RESOURCES EXPENDED Direct charitable expenditure 26469 33407 Management and administration 4836 6174 TOTAL RESOURCES EXPENDED 31305 39581 NET INCOMING RESOURCES 24702 18806 Total funds brought forward 86229 67423 TOTAL FUNDS CARRIED FORWARD 110931 86229 All resources are from unrestricted funds The notes on page5 5 to 7 form part of the financial statements SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE BALANCE SHEET AS AT 31 OCTOBER 2021 NOTES 2021 2020 FIXED ASSETS 12.770 7121 CURRENT ASS￿5 Cash at bank and in hand Debtors-Provision for Gift Aid Claim 82,516 18,000 100,516 63018 18000 81018 CURRENT LIABILITIES Creditors due within one year io 2,354 1910 Total assets less current liabilities 98,161 79108 Net turrent assets Iliabilitiesl 110,931 86229 FUNDS Unrestricted funds 110,931 86229 Approved by board of trustees on 22 July 2023 and signed on their behalf bv.. J Sungitsa Chalmian The notes on pages 5 to 7 form part of the financial statements SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TOTHE FINANCIAL STATEMENT FOR YEAR ENDED 31 OCTOBER 2021 ACCOUNTING POLICIES I. BASIS OF ACCOUNTING The financial statements have been prepared in accordance with applicable accounting standards using the Historical Cost Convention. The format of the financial statements, comply with the requirements of the SORP-Accounting by Charities. 2. DONATIONS GIFfs AND TITHES These are all accounted for on a cash received basis. All receipts are from unrestricted sources. 3. COST ALLOCATION Allocation of the expenses as direct charitable and administration are disclosed in the notes to the financi31 statement5. 4. TAXATION There is no liabilityto any UK Tax arising neither from the result5 nor from any activity of the Charity. S. TANGIBLE FIXED ASSETS Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives. The following rate5 applv.. Video and Computer Equipment Musical Instruments Motor Vehicles 20% Reducing Balance Basis 20% Reducing Balance Basis 20% Reducing Balance Basis SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TOTHE FINANCIAL STATEMENT Cont'd FOR YEAR ENDED 31 OCTOBER 2021 6.FIXED ASSETS Musical Computer Instruments Office Equlpment Motor Vehicle At cost Balance at 31 October 2020 19,399 13834 Additions in the year Balance at 31 October 2021 3,744 23,143 1597 15431 3500 3500 Depreciation Balance at 31 October 2020 15174 10939 Charged in the year Balance at 31 October 2021 1594 16768 899 11837 700 700 Net book value Balance at 31 October 2021 6376 3594 2800 At 31 October 2020 4226 2896 The Charity has only unrestricted funds and fixed assets belong to that fund. 7.DIRECT CHARITABLE EXPENDITURE 2021 2020 Donations and International Ministries Support Pa5tc)rs' salary and allowances Volunteers and ministerial expenses Training, Youth Programmes and Conferences Conferences, Evangelism & Various Ministries Motor Fuel and travelling Expenses Welfare, Support and hospitalitv Rent and Premises Hire Depreciation 5109 4122 2042 274 2562 5142 1460 2565 3193 26469 3313 6179 2267 211 800 8871 4628 5357 1781 33407 SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TOTHE FINANCIAL STATEMENT Cont'd FOR YEAR ENDED 31 OCTOBER 2021 8.MANAGEMENT ANO ADMINISTRATION Printing, postage and stationery Telephone Cleaning & Entertainment & Office Supplies Insurance Accountancy & Professional Legal Fees Website 315 2189 84 574 iooo 673 848 1291 687 1491 iooo 856 4836 6174 9.CASH AT BANK AND IN HAND Barclays Bank Cash On Hand 80850 1666 82516 61683 1335 63018 10.CREDITORS..Amounts fallln due wlthln one ear Accruals 2354 1910 2354 1910 11.REMUNERATION OR REIMBURSEMENT OF EXPENSES No trustee was remuner3ted during the year. Independent examiner's report on the accounts Independent Examiner's Report Report to the trusteesl members of Springs of Life International Christian Centre On accounts for the year ended 31 October 2021 Charity no 1088595 Set out on pages I report to Ihe trustees on my examination oflhe accounts ofthe above charity for Ihe year ended 3111012021. Responsibilities and As the charily Irustees you are responsible for the preparation of the basis of report accounts in accordance wilh the requirements of the Charilies Act 2011 ("the Act"). I report in respect of my examination of the Charity's accounts carried out under seclion 145 of the 2011 Act and in carrying out my examinalion, I have followed the applicable Directions given by the Charily Commission under section 145151{bl of the Act. I have completed my examination. I confimi that no material matters have come lo my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan￿ wilh section 130 of the Act or the accounts do not accord with Ihe accounting records. Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding ofthe accounts to be reached. Signed: Date: 22 July 2023 Name: Peter Kamau FCCA. Relevant professlonal qualificationlsl or body: ACCA Registration Number 0718261. Address: Suite A, Unit 1, Advanced House Business Mews Central Road, Harlow Essex CM20 2ST