SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 SPRINGS OF LIFE INTERNATIONALCHRISTIAN CEMTrE LE6ALANDADMINISTRAllVE INFORMATION CHARITY NUMBER.. I￿8595 TRUSTEES MrEdmund Mhemberè .GènoralTréasurer Mrs Miry Siliya -MeMber MrJuliusChitwko -Mèmbor RIANAGEMENTCOtItllTTEE MEMBERS Mrfvlanford Khoswa MrsThobekile Mihlangu MrAlfredJiya MrAAdrèw kalong NONEvO￿NGMEThlBER5 MrKentbedy E5aya -AsS￿late BE51DEHfpAsrop BANKEAS Be￿tOn 14The Witer Garden&Centr H3rlow NottlThgh3m NG9 IEE CM20 IAN SPRINGS OF LIFE INTERNATIONALCHRISTIAN CENTRE REPORTOFTHETRUSTEESFOR THE YEAR ENDED310CTOBER2023 CONSTThIrnONANOOBJECTIVES amended¢n 23 October 2WI. FINANCIAL INFORMAnON havebeen added tothe netincoTnin8 re50urce5 brou8htforward 01£107.736. hence TRUSTEESRESPONSIBIL￿Y Theyarealsorespon51blefor53fegubrdingthe a55et50f thecharityand hencelorthtakin On behblf of the board Tiustee lthalmianl ate. 03.12.2024 SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE STATEMENT OF FINANCIALACTIVITIES FOR YEAR ENDED 31 OCTOBER 2023 INCOMING RESOURCES NOTES 2023 2022 ColleitlQn5, donatlQn5 and tithes Provision for Gift Aid Clairn 46392 60544 TOTAL INCOMING RESOURCES 46392 56006 RESOURCES EXPENDED Direct ch3rtt3ble expenditure 35204 38352 Man3Bement and administration 7728 7387 TOTAL RESOURCES EXPENDED 42932 45739 NET INCOMING RESQURCES 3460 14805 Total funds brought forward 107736 110931 TOTAL FUNDS CARRIED FORWARD 111196 125736 All resources are from unrestricted funds ThÈ notes on pa8È$ 5 to 7 form part of the financlal statÈments SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE BALANCE SHEET AS AT 31 OCTOBER 2023 NOTES 2023 2022 FIXED ASSETS 12,493 13529 CURRENT ASSETS Cash at bank and in hand Debtors-Provision for Gift Aid Cl4im 100,477 97061 18000 115061 IOD,477 CURRENT LIABILITIES Creditors due within one year io 1,774 2854 98,703 112207 Net current assets Iliabilitiesl 111,196 125736 FUNDS Unrestricted funds 111,196 125736 Approved by board of trustees on 03 December 2024 and signÈd on their behalf bv.. J Sungit5a Chairman ThÈ notes on pa8È$ 5 to 7 form part of the financlal statÈments SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMEMt FOR YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES I. BA515 OF AccouMfiNfj The financial staternents have been prepared in accordance with applicable accounting st3ndards using the Historical Cost Convention. The format of the financial 5taterDents, cornply with the requirement5 of the SORP-Accounting by Charities. 2. DONATIONS GIFfs ANO TITHES These are all accounted for on a cash received basis. All receipts are frorn unrestricted sources. 3. COST ALLOCATION Alloc3tion of the expenses as direct charitable and administration are disclosed in the notes to the financial statements. 4. TAXATION There is no liability to any UK Tax arising neither from the results nor from any activity of the Charity. 5. TANGIBLE FIXED ASSETS Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful Ilves. The following rates applv.. Video and Computer Equipment Music31 Instruments Motor Vehicles 20% Reducing Balance Basis 20% Reducing B81ance Basis 20% Reducing Balante Basis SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENT Cont'd FOR YEAR ENDED 31 OCTOBER 2023 6.FIXED ASSETS Musical Computer Instruments Offlce Equipment Motor Vehi¢le Total At cost Balance at 31 ottober 2022 26,525 16159 3500 46185 Additions in the year Balance at 31 October 2023 771 27,296 1316 17475 2087 48272 3500 Depre¢iatiort Balance at 31 October 2022 18719 12702 1235 32656 Charged in the year Balance at 31 October 2023 1715 20434 955 13657 453 1688 3123 35779 Net bookvalue Bèlance at 31 October 2023 6862 3819 1812 12493 At 31 October 2022 7806 3458 2265 13529 The Charity has only unrestricted funds and fixed assets belong to that fund. 7.DIRECT CHARITABLE EXPENDITURE 2023 2022 Donations and International Ministrie5 Support Pastors, salary and allowances Volunteers and ministerial expenses Training, Youth Progr3mmes and Conferences Conferences, Evangeli5tn & Variou5 Ministries Motor Fuel and travelling Expenses Welfare, Support and hospitality Rent and Premises Hire Depretiation 1133 1300 1680 1477 2325 8658 4679 10828 3123 35204 7574 1692 1825 1808 2424 10267 1731 7655 3376 38352 SPRINGS OF LIFE INTERNATIONAL CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENT Cont'd FOR YEAR ENDED 31 OCTOBER 2023 8.MANAGEMENT AND ADMINISTRATION Printing, p05tage and stationery Telephone Cleaning & Entert8inment & Office Supplies Insurance Accountancy, Legal & Professional Fees Website 290 2728 287 1271 iioo 2052 704 2228 378 1751 iioo 1226 7728 7387 9.CASH AT BANK AND IN HAND Bèrclays Bank Cash Qn Hand 96369 4108 94207 2854 100477 97061 10.CREDITORS:Amount5 fallin due within one ezr Accru31s 1774 2854 1774 2854 11.REMUNERATION OR REIMBURSEMENTOF EXPENSES No trustee was remunerated durlng 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 2023 Charity no 1088595 Set out on pages I report to the truslees on my examination of the accounts of the above charity for the year ended 3111012022. Responsibilities and As the charity trustees you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 {"the 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 145{5llb) 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 ststement I have no concerns and have corne across no other rnatters in connection wilh the examination lo which altention should be drawn in order to enable a proper understanding of the accour)ts to be reached. Signed: Date: 03 December 2024 Name: Peter Kamau FCCA. Relevant professional qualification(s) or body: ACCA Registration Number 0718261. Address: Suite A, Unit 1, Advanced House Business Mews Central Road, Harlow Essex CM20 2ST