**REGISTERED COMPANY NUMBER: 06323688 (England and Wales) REGISTERED CHARITY NUMBER: 1122435**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Lifespring Ministries
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Lifespring Ministries
Contents of the Financial Statements for the Year Ended 31 March 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|5|
|Independent Examiner's Report||6||
|Statement of Financial Activities|7|to|8|
|Balance Sheet|9|to|10|
|Notes to the Financial Statements|11|to|20|
|Detailed Statement of Financial Activities|21|to|22|
Lifespring Ministries
for the Year Ended 31 March 2022
## Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The principle objectives of the charity continue to be:
1. The proclamation of the Gospel of God concerning his Son Jesus Christ or Lord and the preaching and teaching of the Christian faith
2. The advancement of the Christian faith in any part of the world
3. The relief of poverty and suffering in any part of the world
## **Public benefit**
The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
Page 1
Lifespring Ministries
for the Year Ended 31 March 2022
## Report of the Trustees
## **FINANCIAL REVIEW**
## **Introductory Comments**
The year was characterised by a slow recovery from the global effects of COVID and lockdown from which the world experienced great suffering. LifeSpring Ministries continued to play its part in bringing help, support and assistance to many in the city through its regular expressions of ministry.
As people emerged from lockdown, we found a flood of new families attending LifeSpring services. This has had a knock-on effect on discipleship opportunities; a baptism service with 25 candidates, two new members courses catering for over 50 people, the resurgence of our youth work, Small Wonders Stay and Play group and many new children in the Transformer Kids ministry.
Financially we have more than maintained our healthy income and been able to continue to expand our staff base, outreach programs and regular commitments.
One further significant development was the planting out of a leadership couple to pastor a new church opportunity in Burntwood, South Staffordshire. LifeSpring adopted a struggling congregation of 9 elderly people which has since begun to flourish and grow. With the inclusion of ARK Church in Sutton Coldfield, LifeSpring has gained a regional identity, which has fuelled our vision to plant more churches in the years to come.
## **LifeSpring Global**
After a period in which travel was impossible, this year saw a reopening of mission opportunities overseas beginning with a significant trip to India during which Tim Wood and myself preached in three cities to many congregations, pastors' conferences and open-air outreaches. We also ratified the joining of Pastor Titus and his six churches to the LifeSpring international family.
Regular zoom meetings, email communications and calls took place throughout the year as well as a constant stream of financial aid to assist struggling believers and pastors.
For the last two years, LifeSpring has adopted a vision to plant 20 churches in our region and establish ministries in 20 nations, all by the year 2030. With three churches locally and operating in 6 nations, there is a strong sense that we are on track to fulfilling this vision. As we look to the future, we remain dedicated to developing leaders, expanding our facility and increasing our capacity across the board to see the vision come about.
## **Small Wonders Stay and Play Group**
We have had a busy & exciting year at Small Wonders. We have seen over 250 families at Small Wonders. We have run 74 sessions over 11 months with a total of 8975 adults & children through our door in that time. We have an average attendance each Friday of 243 people. Christmas is a very busy time at Small Wonders with 164 Small Wonders children visiting Santa. We still have a very long waiting list with people waiting up to 12 months for a place.
One of our Small Wonders values is building community & we love to raise money for other charities. Parents nominated charities & voted for Children's Cancer & Leukaemia Group to receive £324.04. One of the children, who attend Small Wonders, was diagnosed with Leukaemia in 2020 and this was a great way to show the family our love & support.
We held a harvest festival where we donated 167.5 kg of toiletries & food, which is incredible. The Well thanked the parents/ carers for their generosity, which is giving hope to those most in need in our city.
Our annual Empurple Day when everything turns purple for the day raised £842.09 for The Haven Wolverhampton. We raised awareness & much-needed funds for this charity that provide both practical & emotional support services to women & children who are affected by domestic violence & homelessness in our city.
## **Children's Work**
Page 2
Lifespring Ministries
for the Year Ended 31 March 2022
## Report of the Trustees
During the last year in Transformer Kids, we have looked after an average of 55 children aged 2 - 11 years every week. Since coming out of lockdown, the groups have continued to grow with new people coming to our sessions every week. We have covered the following topics: The Bible, forgiveness, identity, mission, the Easter Story, Christmas and prayer. Our Sunday sessions included games, small group times, crafts, bible teaching, creative projects, prayer and individual times of reflection. Over the year, we have seen children grow in confidence in the groups and move from sitting on the edges to fully being involved. We have had an increase of children with extra needs and we have been able to work with their families and offer individual support for these children. For some children we are the only place, outside of the home, in which they feel safe and comfortable. We have run successful family events including a light party, family breakfast and Good Friday walkthrough. These events have enabled families to spend quality time together and grow their faith together. This spring we ran our first "parenting for faith" course, which helped parents learn how to live out their life of faith at home. We want to equip parents to disciple their children and grow healthy, whole families. We are currently preparing to run a holiday club at the end of August for up to 90 school-aged children. This will be a fun-filled time where we get to bless these children and tell them all about God.
## **Christians Against Poverty - Debt Advice Centre**
This was our 11th year of delivering debt help to individuals and families in the Wolverhampton area. Jean Deakin has been Centre Manager and Debt Coach since March 2016.
As the year progressed and we returned to some normality after lockdown and covid-19 restrictions, appointments gradually returned to face-to-face appointments.
" Initial clients contacted - 22 appointments booked with families/individuals and 18 first appointments completed.
" Eleven clients became debt free. A total of £124,025.83 has been repaid or cleared through insolvency.
" Three clients made a commitment or recommitment while working with us.
" We provided numerous food parcels, electric & gas top-up, clothing, household and electrical goods.
" We delivered 30 Christmas hampers blessing adults and children.
" Our weekly CAP drop-in within Coffee & Company, has clients regularly attending for support, help with paperwork and fellowship.
" CAP support teams, including befrienders, events team and prayer teams have played a vital role in the running of the centre and giving clients the extra support many have needed.
In September 2022 the CAP Debt Centre will be closing as decided by LifeSpring Board. All existing client accounts will continually be managed by CAP's head office.
## **Overseas Mission**
Missions are an integral part of our Global ministry this year, with teaching, projects and trips all forming part of our Twenty 4 Thirty vision: reaching and connecting with 20 nations by the year 2030, as well as having 20 churches in fellowship with us by then.
In September, we began a Missions Training course under the title 'The Mind of a Missionary', based on the book by David Joannes. This was very well received and by January, our Missions team had grown to 16 people, led by Andy and Gill Smith. This course will be repeated this autumn, and already there have been multiple registrations as an awareness of World Mission and our role in the Great Commission continues to grow in the hearts and minds of the LifeSpring family.
Pastor Tony and Tim Wood were finally able to visit India in March where many from the provinces of Telangana and Andhra Pradesh received from the Holy Spirit through their ministry and in July, Tony and Dan Waldron represented us in South Africa and Mozambique, where many were blessed at a leaders' conference in Dondo among other events.
In June, we took a team to Paris, where we worked alongside the Paris Evangile Church led by Steve Blackah. We had an amazing time, with both church and street ministry at the Gare de Lyon railway station and wonderful testimonies of God's grace and love.
Page 3
Lifespring Ministries
## Report of the Trustees
## for the Year Ended 31 March 2022
We now look forward with excitement to a trip to Nepal in October, hosted by Pastors Paul and Mohan who have both recently blessed our church families here in the UK. This will be followed by a team visit to Thailand where we'll be working alongside Within Reach Global, led By Davis Joannes, author of our Missions Training course manual.
## **Director's Report Conclusion**
The Directors and ministry leaders of the Charity are pleased to report that the Charity remains financially stable despite the challenges of the cost of living crisis. We recognise the favour of God that enabled us to continue to fulfil our commission to reach out to help those in need, and to promote the gospel of Jesus Christ.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document the Articles of Association of the limited company, limited by guarantee.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
06323688 (England and Wales)
## **Registered Charity number**
1122435
## **Registered office**
34 Clifton Street Wolverhampton West Midlands WV3 0QT
## **Trustees**
D Coates-Smith (resigned 1.11.21) A Wastall S McGregor (resigned 1.11.21) S Eaves D Waldron S Kruczek D Brown S Chonkria (appointed 1.11.21) T J Westwood (appointed 16.11.22)
## **Company Secretary**
S Chonkria
## **Independent Examiner**
Richard Ashmore Institute of Chartered Accountants in England and Wales Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Approved by order of the board of trustees on 20 December 2022 and signed on its behalf by:
Page 4
Life%pring Ministries
ort of the Tn]_%tees
for the Year Ended 31 March 2022
D Brown- Trnsiee
Page 5
## Independent Examiner's Report to the Trustees of Lifespring Ministries
## **Independent examiner's report to the trustees of Lifespring Ministries ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard Ashmore Institute of Chartered Accountants in England and Wales Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
20 December 2022
Page 6
Lifespring Ministries
## Statement of Financial Activities
## for the Year Ended 31 March 2022
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
336,987
**Charitable activities**
Conferences & Events
3,677
Rent Income
2,945
Other
758
MCO Cafe
1,139
Small Wonders
-
**Total**
345,506
**EXPENDITURE ON**
**Charitable activities**
Conferences & Events
10,361
Christians Against Poverty
5,616
Other
1,097
Children & Youth
1,944
Mozambique
-
School of Ministry Expenses
-
Support Costs
192,002
Grants Payable
44,550
Cost of Activities
147
MCO Cafe
1,616
Missions
-
Small Wonders
-
Global
-
Here to help
-
Souter Charitable Trust
-
Donations
-
Loving Our City
-
Acts 435
-
**Total**
257,333
**NET INCOME/(EXPENDITURE)**
88,173
**Transfers between funds**
12
(59,903)
**Net movement in funds**
28,270
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
102,213|Restricted
funds
£
101,850
-
-
-
-
9,242
111,092
-
1,110
6,880
203
12,290
-
37,854
-
-
-
5,731
5,280
63,357
2,954
-
3,205
39,237
550
178,651
(67,559)
59,903
(7,656)
561,827|31.3.22
Total
funds
£
438,837
3,677
2,945
758
1,139
9,242
456,598
10,361
6,726
7,977
2,147
12,290
-
229,856
44,550
147
1,616
5,731
5,280
63,357
2,954
-
3,205
39,237
550
435,984
20,614
-
20,614
664,040|31.3.21
Total
funds
£
392,510
8
950
-
70
176|
|---|---|---|---|
||||393,714|
||||248
6,687
-
5,540
-
1,723
268,959
1,998
3,907
95
34,545
3,521
47,061
5,717
3,024
-
-
-|
||||383,025|
||||10,689
-|
||||10,689
653,351|
The notes form part of these financial statements
Page 7
Lifespring Ministries
## Statement of Financial Activities for the Year Ended 31 March 2022
|Unrestricted
funds
Notes
£
**TOTAL FUNDS CARRIED FORWARD**
130,483|Restricted
funds
£
554,171|31.3.22
Total
funds
£
684,654|31.3.21
Total
funds
£|
|---|---|---|---|
||||664,040|
The notes form part of these financial statements
Page 8
Lifespring Ministries
## Balance Sheet
## 31 March 2022
|Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
9
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
1,017,063
7,230
5,474
12,704
(72,666)
(59,962)
957,101
(826,619)
130,482|Restricted
funds
£
515,137
-
39,034
39,034
1
39,035
554,172
-
554,172|31.3.22
Total
funds
£
1,532,200
7,230
44,508
51,738
(72,665)
(20,927)
1,511,273
(826,619)
684,654
130,482
554,172
684,654|31.3.21
Total
funds
£
1,569,744
6,238
49,294
55,532
(75,072)
(19,540)
1,550,204
(886,164)
664,040
102,213
561,827
664,040|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 9
Lifespring Ministries
Balance Sheet - continued 31 March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2022 and were signed on its behalf by:
D Brown - Trustee
The notes form part of these financial statements
Page 10
Lifespring Ministries
Notes to the Financial Statements for the Year Ended 31 March 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures and fittings - 25% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 11
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.3.22|31.3.21|
|---|---|---|
||£|£|
|Depreciation - owned assets|37,543|37,016|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
Mr A Wastall received remuneration for ministry services in accordance with the governing document to the value of £46,400 (2021 - £45,000).
No other trustees received any remuneration during the year
## **Trustees' expenses**
Mr A Wastall was reimbursed for expenses totalling £2,309 during the year (2020 - £589)
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||31.3.22|31.3.21|
|---|---|---|
|Staff|11|11|
No employees received emoluments in excess of £60,000.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
320,534
**Charitable activities**
Conferences & Events
8
Rent Income
950
MCO Cafe
70
Small Wonders
-
**Total**
321,562
**EXPENDITURE ON**
**Charitable activities**
Conferences & Events
248
Christians Against Poverty
5,600
Children & Youth
5,497
School of Ministry Expenses
-
Support Costs
227,274
Grants Payable
1,998|Restricted
funds
£
71,976
-
-
-
176
72,152
-
1,087
43
1,723
41,685
-|Total
funds
£
392,510
8
950
70
176|
|---|---|---|
|||393,714|
|||248
6,687
5,540
1,723
268,959
1,998|
continued...
Page 12
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
Cost of Activities
185
3,722
MCO Cafe
95
-
Missions
-
34,545
Small Wonders
-
3,521
Global
43,000
4,061
Here to help
-
5,717
Souter Charitable Trust
-
3,024
**Total**
283,897
99,128
**NET INCOME/(EXPENDITURE)**
37,665
(26,976)
**Transfers between funds**
(35,090)
35,090
**Net movement in funds**
2,575
8,114
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
99,637
553,714
**TOTAL FUNDS CARRIED FORWARD**
102,212
561,828
**6.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2021 and 31 March 2022
1,798,143
34,936
**DEPRECIATION**
At 1 April 2021
231,559
31,777
Charge for year
36,753
790
At 31 March 2022
268,312
32,567
**NET BOOK VALUE**
At 31 March 2022
1,529,831
2,369
At 31 March 2021
1,566,584
3,159|Total
funds
£
3,907
95
34,545
3,521
47,061
5,717
3,024
383,025
10,689
-
10,689
653,351
664,040
Totals
£
1,833,079
263,336
37,543
300,879
1,532,200
1,569,743|Total
funds
£
3,907
95
34,545
3,521
47,061
5,717
3,024|
|---|---|---|
|||383,025|
|||10,689
-|
|||10,689
653,351|
|||664,040|
continued...
Page 13
Lifespring Ministries
|Notes to the Financial Statements-continued
for the Year Ended 31 March 2022
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Gift Aid Recoverable
Prepayments
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 10)
Other loans (see note 10)
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Congregational Loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal|31.3.22
£
1,116
4,431
1,683
7,230
31.3.22
£
66,454
356
1,678
390
3,787
72,665
31.3.22
£
826,619
-
826,619
31.3.22
£
66,454
66,454
-
66,454
132,908
627,257|31.3.21
£
-
4,555
1,683
6,238
31.3.21
£
66,454
356
1,678
390
6,194
75,072
31.3.21
£
846,164
40,000|
|---|---|---|
|||886,164|
|||31.3.21
£
66,454|
|||66,454
40,000|
|||106,454|
|||132,908|
|||646,802|
continued...
Page 14
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **11. SECURED DEBTS**
The following secured debts are included within creditors:
||31.3.22|31.3.21|
|---|---|---|
||£|£|
|Bank loans|893,073|912,618|
The bank loans are secured with charge on the freehold property owned by the charity in favour of Triodos Bank.
## **12. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Building Fund
CAP
Mozambique
Other
Small Wonders
LSM
India
Global
Youthworker
Here to help
Loving Our City
Children's Ministry
Christmas Love
Telmo's Car
Typhoon
Acts 435
Sunday Broadcasting
**TOTAL FUNDS**|At 1.4.21
£
102,213
535,861
6,401
2,618
3,349
445
1,748
1,000
4,821
125
3,782
1,567
110
-
-
-
-
-
561,827
664,040|Net
movement
in funds
£
88,172
(36,036)
1,915
2,477
-
3,962
-
(2,332)
(43,988)
500
(1,825)
8,680
-
4
(571)
(89)
90
(345)
(67,558)
20,614|Transfers
between
funds
£
(59,903)
15,500
-
-
(828)
340
-
1,374
42,418
(125)
-
308
(110)
(4)
571
89
-
370
59,903
-|At
31.3.22
£
130,482
515,325
8,316
5,095
2,521
4,747
1,748
42
3,251
500
1,957
10,555
-
-
-
-
90
25|
|---|---|---|---|---|
|||||554,172|
|||||684,654|
Page 15
continued...
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Building Fund
CAP
Mozambique
Small Wonders
India
Global
Youthworker
Here to help
Loving Our City
Children's Ministry
Christmas Love
Telmo's Car
Typhoon
Acts 435
Sunday Broadcasting
**TOTAL FUNDS**|Incoming
resources
£
345,506
722
3,025
14,767
9,242
3,399
19,369
500
1,129
47,917
203
1,116
5,197
3,116
640
750
111,092
456,598|Resources
Movement
expended
in funds
£
£
(257,334)
88,172
(36,758)
(36,036)
(1,110)
1,915
(12,290)
2,477
(5,280)
3,962
(5,731)
(2,332)
(63,357)
(43,988)
-
500
(2,954)
(1,825)
(39,237)
8,680
(203)
-
(1,112)
4
(5,768)
(571)
(3,205)
(89)
(550)
90
(1,095)
(345)
(178,650)
(67,558)
(435,984)
20,614|
|---|---|---|
Page 16
continued...
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **12. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Building Fund
CAP
Mozambique
Other
Small Wonders
LSM
India
Global
Youthworker
Here to help
Loving Our City
Children's Ministry
Souter Charitable Trust
**TOTAL FUNDS**|At 1.4.20
£
99,637
543,562
2,952
657
2,372
-
1,661
-
2,510
-
-
-
-
-
553,714
653,351|Net
movement
in funds
£
37,666
(39,001)
3,449
1,961
1,005
(3,345)
87
(9,479)
13,029
125
3,567
1,567
82
(24)
(26,977)
10,689|Transfers
between
funds
£
(35,090)
31,300
-
-
(28)
3,790
-
10,479
(10,718)
-
215
-
28
24
35,090
-|At
31.3.21
£
102,213
535,861
6,401
2,618
3,349
445
1,748
1,000
4,821
125
3,782
1,567
110
-|
|---|---|---|---|---|
|||||561,827|
|||||664,040|
continued...
Page 17
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Building Fund
CAP
Mozambique
Other
Small Wonders
LSM
India
Global
Youthworker
Here to help
Loving Our City
Children's Ministry
Souter Charitable Trust
**TOTAL FUNDS**|Incoming
resources
£
321,562
558
4,536
16,450
4,727
176
1,810
10,577
19,217
125
9,284
1,567
125
3,000
72,152
393,714|Resources
Movement
expended
in funds
£
£
(283,896)
37,666
(39,559)
(39,001)
(1,087)
3,449
(14,489)
1,961
(3,722)
1,005
(3,521)
(3,345)
(1,723)
87
(20,056)
(9,479)
(6,188)
13,029
-
125
(5,717)
3,567
-
1,567
(43)
82
(3,024)
(24)
(99,129)
(26,977)
(383,025)
10,689|
|---|---|---|
continued...
Page 18
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Building Fund
CAP
Mozambique
Other
Small Wonders
LSM
India
Global
Youthworker
Here to help
Loving Our City
Children's Ministry
Souter Charitable Trust
Christmas Love
Telmo's Car
Typhoon
Acts 435
Sunday Broadcasting
**TOTAL FUNDS**|At 1.4.20
£
99,637
543,562
2,952
657
2,372
-
1,661
-
2,510
-
-
-
-
-
-
-
-
-
-
553,714
653,351|Net
movement
in funds
£
125,838
(75,037)
5,364
4,438
1,005
617
87
(11,811)
(30,959)
625
1,742
10,247
82
(24)
4
(571)
(89)
90
(345)
(94,535)
31,303|Transfers
between
funds
£
(94,993)
46,800
-
-
(856)
4,130
-
11,853
31,700
(125)
215
308
(82)
24
(4)
571
89
-
370
94,993
-|At
31.3.22
£
130,482
515,325
8,316
5,095
2,521
4,747
1,748
42
3,251
500
1,957
10,555
-
-
-
-
-
90
25|
|---|---|---|---|---|
|||||554,172|
|||||684,654|
continued...
Page 19
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Building Fund
CAP
Mozambique
Other
Small Wonders
LSM
India
Global
Youthworker
Here to help
Loving Our City
Children's Ministry
Souter Charitable Trust
Christmas Love
Telmo's Car
Typhoon
Acts 435
Sunday Broadcasting
**TOTAL FUNDS**|Incoming
resources
£
667,068
1,280
7,561
31,217
4,727
9,418
1,810
13,976
38,586
625
10,413
49,484
328
3,000
1,116
5,197
3,116
640
750
183,244
850,312|Resources
Movement
expended
in funds
£
£
(541,230)
125,838
(76,317)
(75,037)
(2,197)
5,364
(26,779)
4,438
(3,722)
1,005
(8,801)
617
(1,723)
87
(25,787)
(11,811)
(69,545)
(30,959)
-
625
(8,671)
1,742
(39,237)
10,247
(246)
82
(3,024)
(24)
(1,112)
4
(5,768)
(571)
(3,205)
(89)
(550)
90
(1,095)
(345)
(277,779)
(94,535)
(819,009)
31,303|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 20
Lifespring Ministries
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2022|||
|---|---|---|
||31.3.22|31.3.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|373,230|327,778|
|Gift aid|65,607|57,381|
|Grants|-|7,351|
||438,837|392,510|
|**Charitable activities**|||
|Conference Income|3,677|8|
|Rent Received|2,945|950|
|MCO Café|1,139|70|
|Resource Sales|758|-|
|Small Wonders|9,242|176|
||17,761|1,204|
|**Total incoming resources**|456,598|393,714|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Events & Conferences|8,551|248|
|Children & Youth|2,147|5,540|
|CAP Expenses|6,726|6,687|
|Evangelism & Outreach|-|185|
|Missions to Mozambique|12,290|14,489|
|School of Ministry Expenses|-|1,723|
|MCO Expenses|1,616|95|
|Media|725|-|
|Small Wonders|5,280|3,521|
|Mission to India|5,731|20,056|
|Global|9,221|2,061|
|Other|8,527|3,722|
|Here to Help|2,954|5,717|
|Souter Charitable Trust|-|3,024|
|Loving Our City|42,442|-|
|Grants to institutions|750|1,998|
||106,960|69,066|
|**Support costs**|||
|**Management**|||
|Wages|142,881|133,590|
|Carried forward|142,881|133,590|
This page does not form part of the statutory financial statements
Page 21
## Lifespring Ministries
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2022|||
|---|---|---|
||31.3.22|31.3.21|
||£|£|
|**Management**|||
|Brought forward|142,881|133,590|
|Pensions|4,270|3,373|
|Insurance|4,919|4,451|
|Light and heat|10,270|12,059|
|Telephone|4,364|1,450|
|Postage and stationery|3,170|3,160|
|Sundries|29|-|
|Independent Examiner's Fees|1,501|1,501|
|Ministry Fees & Expenses|50,246|55,874|
|Travel, training & Staff Expenses|2,518|1,253|
|Design, Print & Promotion|2,363|6,268|
|Repairs & Maintenance|15,027|18,119|
|Expensed Equipment|9,199|4,933|
|Hospitality & Refreshments|3,080|303|
|Subscriptions & Licences|3,125|2,771|
|Professional Fees|-|360|
|Sunday Operations|4,600|2,015|
|IT Costs|4,458|-|
|Depreciation of tangible and heritage assets|37,543|37,016|
||303,563|288,496|
|**Finance**|||
|Bank charges|1,858|1,720|
|Mortgage|23,603|23,743|
||25,461|25,463|
|Total resources expended|435,984|383,025|
|**Net income**|20,614|10,689|
This page does not form part of the statutory financial statements
Page 22