## **Annual Report and Statement of Accounts**
**For the year ended 31st March 2022**
**Life Spring International Charity Registration 1094863**
## **Life Spring International**
|Page|1|Contents|
|---|---|---|
|Page|2|Legal and Administrative Information|
|Page|3|Independent Examiners Report to the Trustees|
|Page|4|Trustees Report|
|Page|5|Statement Of Financial Affairs|
|Page|6|Balance Sheet|
|Page|7|Notes to the Financial Statements|
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## **Life Spring International**
## **Legal and Administrative Information**
Charity Number 1094863
Start of Financial Year 1st April 2021 End of Financial Year 31st March 2022
Trustees at 31st March 2022 Dr S M Leach (Chair) N Edwards M Hibbert P R Verheul
The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.
Governing Instrument
Trust Deed dated 13th December 1999
Primary Objects
Promote and support Christian ministries outside the UK Facilitate general education of children outside the UK Support primary health care clinics outside the UK
Correspondence Address
Oakside West Chiltington Road Pulborough RH20 2PR
Primary Bankers
Co-operative Bank
Independent Examiner
Mr I M Taylor 3 Sullington Gds Worthing West Sussex BN 14 0HR
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## **Independent Examiner's Report on the Accounts**
Report to the trustees and members of Life Spring International (Charity number 1094863) on the accounts for the year ended 31st March 2022.
## **Respective responsibilities of trustees and examiner**
The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed.
## It is my responsibility to
- examine the accounts (under section 145 of the Charities Act)
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act); and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
## **Independent examiner's statement**
In the course of my examination, no matter has come to my attention
- (1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept (in accordance with section 130 of the Charities Act); and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
3 Sullington Gardens Worthing West Sussex BN14 0HR
Mr I M Taylor FMAAT 10th January 2023
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## **Life Spring International**
## **Trustees report for the year ending 31[st] March 2022**
This year, we are pleased to have been able to continue to contribute towards the running costs of Eden Farm School in Chingola Zambia. The school provides free primary level education and a daily meal to those students in the rural communities surrounding Eden Farm. It continues to expand each year and at the start of 2022, the 7th grade was opened, taking the total number of students at the school to over 300. We look forward to continuing to support the school where funds allow and are excited at the prospect of Eden Farm starting a secondary school in 2023.
This year, we were also able to support a ministry training school at Eden Farm, helping to provide a solid grounding in the Christian faith to future church leaders in Zambia and Malawi.
Additionally, at the end of this financial year, we have been able to raise funds and use some existing relationships in two churches in Ukraine and Moldova to provide emergency food and shelter to those fleeing the invasion of Ukraine.
Dr S M Leach Chair
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## **Life Spring International Statement of financial activities for the year ended 31.03.22**
|Notes
**Income**
1
Voluntary gifts
Gift aid
Investment Income
**Total Income**
**Expenditure**
Charitable Activities
Zambia
Moldova
Ukraine
Governance costs
1
**Total Expenditure**
Net Incoming Resources
Transfers
Current Year Movement
Funds Brought Forward
**Total Funds Carried Forward**|Unrestricted
Restricted
Total
7,260
23,850
31,110
5,646
5,646
1
1
**12,907**
**23,850**
**36,757**
18,406
18,406
1,010
1,010
1,000
1,000
197
-
197
**197**
**20,416**
**20,613**
12,710
3,434
16,144
(6,566)
6,566
-
6,144
10,000
16,144
5,542
-
5,542
**11,686**
**10,000**
**21,686**
2022|_2021_
_13,720_
_28_|
|---|---|---|
|||_13,748_|
|||_15,100_
_40_|
|||_15,140_|
|||_(1,392)_
_0_|
|||(1,392)
_6,934_|
|||_5,542_|
All of the organisations operations are classified as continuing
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## **Life Spring International**
|**Balance Sheet for the year ended 31.03.22**|**Balance Sheet for the year ended 31.03.22**|**Balance Sheet for the year ended 31.03.22**|**Balance Sheet for the year ended 31.03.22**|
|---|---|---|---|
|**Current assets**
Cash at bank
**Net Assets**
Funds of the Charity:
Restricted Funds
Minimum Reserve
General Reserve
**Total Funds**|21,686
**21,686**
10,000
3,000
8,686
**21,686**
2022|_5,542_
_5,542_
_5,542_
_5,542_
_2021_||
||||_5,542_|
|||||
||||_5,542_|
Approved by the Trustees on 10th January 2023 and signed on their behalf
Trustee
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## **Life Spring International**
## **Notes to the Financial Statements**
## **1. ACCOUNTING POLICIES**
## **Incoming Resources**
## > Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
- there is evidence of entitlement to the gift
- receipt is probable
- the monetary value can be measured reliably
## > Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA in the period in which they are received
## > Investment Income
This is included in the accounts when received
## **Expenditure and Liabilities**
## > Liability Recognition
Liabilites are recognised as soon as there is a legal or constructive obligation committing the charity to pay out the resources
## > Governance Costs
These are limited to Bank Charges and Examination Fees when billed
## **Assets**
Tangible fixed assets - for use by the charity: None for this or last year
|**2. RESTRICTED FUNDS**|2022|_2021_|
|---|---|---|
|Unspent restricted funds are shown below:|||
|Ukraine Emergency Response|£10,000|_0_|
|**3. DEBTORS AND CREDITORS**|||
|At year end there were no Debtors or Creditors|0|_0_|
|**4. STAFF COSTS**|||
|There were no employed staff during the year|0|_0_|
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0 _0_
## **5. TRUSTEES AND OTHER RELATED PARTIES**
No Trustee received any remumeration or expenses during the year
## **6. RISK ASSESSMENT**
The trustees actively review the major risks which the charity faces on a regular basis and believe that their annual review of the controls over key financial systems, provides sufficient cover for its operations. The trustees have also examined other operational and business risks which they face and confirm that they have established systems/processes to mitigate the significant risks.
## **7. RESERVES POLICY**
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. Based on the Charity's size and the level of financial commitments the trustees believe that three months of committed expenditure is adequate. The trustees aim to ensure the charity will be able to continue to fulfill its charitable objectives even it there is a temporary shortfall in income or unexpected expenditure.
## **8. PUBLIC BENEFIT**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity targets to achieve this are driven by its primary objectives. The outcomes are summarized within the trustees report for the year. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit when deciding which activities the charity should and do undertake.
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