SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 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 Mrs Mary Siliya -member Mr lulius Chitseko -member MANAGEMENTCOMMIThEE 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 NottinEham NG9 IEE Barclays Bank PIC 14 The Water Gardens Centre Harlow Essex CM20 IAN SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022 The Trustees present their annual report together with the financial statements of the Charity for the year ended 31 October 2022. CONSTITUTION AND OBJECTIVES The governing instrument of the Charity is its adopted Constitution dated 23 Ottober 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 incoming resources, which were all from unrestricted funds, amounted to £14,805 and have been added to the net incoming resources brought forward of £110,931 resulting in a carry forward net incoming resources of £125,736. 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 J Sungitsa Trustee (Chairman) Date.. 27.08.2024 SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE STATEMENT OF FINANCIALACTIVITIES FOR YEAR ENDED 31 OCTOBER 2022 INCOMING RESOURCES NOTES 2022 2021 Collections, donations and tithes Provision for Gift Aid Claim 60544 56006 TOTAL INCOMING RESOURCES 60544 56006 RESOURCES EXPENDED Direct charitable expenditure 38352 26469 Man8gemÈnt and admlnlstration 7387 4836 TOTAL RESOURCES EXPENDED 45739 31305 NET INCOMING RESOURCES 14805 24702 Total funds brought forward 110931 86229 TOTAL FUNDS CARRIED FORWARD 125736 110931 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 2022 NOTES 2022 2021 FIXED ASSETS 13,529 12770 CURRENT ASSETS Cash at bank and in hand Debtors-Provision for Gift Aid Claim 97,061 L8.000 115,061 82516 18000 100516 CURRENT LIABILITIES Creditors due within one year io 2,854 2354 112,207 98161 Net current assets Illabllltlesl 125.736 110931 FUNDS Unrestricted funds 125,736 110931 Approved by b03rd of trustees on 27 August 2024 and signed on their behalf by.. J 5ungitsa thalrma The notes on pages 5 to 7 form part of the financial statements SPRINGS OF LIFE INTERNATIONALCHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENT FOR YEAR ENDED 31 ocfoBER 2022 ACCOUNTING POLICIES I. BASIS OF ACCOUNTING The finaniial statements have been prepared in ac¢ordan¢e with applicable ac¢ounting St3ndards using the Historic31 Cost Convention. The format of the financial statements, comply with the requirements of the SORP-Accounting by Charities. 2. DONATIONS GIFTS AND TITHES These are 811 accounted for on a cash received basis. All receipts are from unrestricted sources. 3. COST ALLOCATION Allocation of the expenses as direct charitable and èdministration are disclosed in the notes to the financial statements. 4. TAXATION There is no liability to any UK T8K 8rising neither from the results nor from 8ny activity of the Charity. 5. TANGIBLE FIXED ASSETS Oepreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives. ThÈ following rates apply.. Video and Computer Equipment Musical Instruments Motor Vehicles 20% Reducing Balance Ba515 20% Reducing Balance Basis 20% Reducing Balance B8SIS SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENT Cont'd FOR YEAR ENDED 31 OCTOBER 2022 6.FIXED ASSETS Musical Computer Instruments Office Equlpment Motor Vehicle Total At C05t Balance at 31 October 2021 23,143 15431 3500 42075 Additions in the year Balance at 31 October 2022 3,382 26,525 728 16159 4110 46185 3500 Depreciation 8alance at 31 Ortober 2021 16768 11837 700 29305 Charged in the year 8alance at 31 October 2022 1952 18719 864 12702 535 1235 3351 32656 Net bookvalue Balance at 31 Ortober 2022 7806 3458 2265 13529 At 31 ottober 2021 6376 3594 2800 12770 The Charity has only unrestricted funds and fixed assets belong to that fund. 7.DIRECT CHARITABLE EXPENDITURE 2022 2021 Oon3tions and International Ministries Support Pastors, salary and allow3nce5 Volunteers and ministeri41 expen5e5 Training, Youth Programmes and Conferences Conferences. Evangelism & Various Ministries Moror Fuel and travelllng ExpensÈs Welf3re, Support and h05Pltality Rent and Premises Hire Depreciation 7574 5109 1692 1825 1808 2424 10267 1731 7655 3376 38352 4122 2042 274 2562 5142 1460 2565 3193 26469 SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENT Cont'd FOR YEAR ENDED 31 OCTOBER 2022 8.MANAGEMENT AND ADMINISTRATION Printing, postagÈ and stationery Telephone Cleaning & Entertainment & Office Supplie5 Insurance Accountancy & Professional Legal Fees Website 704 315 2228 378 1751 iioo 1226 2189 84 574 iooo 673 7387 4836 9.CASH AT BANK AND IN HAND 8arclay5 Bank Cash On 94207 2854 97061 80850 1666 82516 10.CREDITORS:Amounts fallin due within one Atcruals 2854 2354 2854 2354 11.REMUNERATION OR REIMBURSEMENT OF EXPENSES No trustÈe was remuneratÈd during the yÈar. 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 2022 Charity no 1088595 Set out on pages I report to the trustees on my examination of the accounts of the above charity for the year ended 3111012022. Responsibilities and As the charily Irustees you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 ("Ihe Act"}. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145151{bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the 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 of the accounts to be reached. Signed: Date: 27 August 2024 Name: Peter Kamau FCCA. Relevant professional qualifi¢ation(s) or body: ACCA Registration Number 0718261. Address: Suite A. Unil 1, Advanced House Business Mews Central Road, Harlow Essex CM20 2ST