**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 2024
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 2024
|||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|21|
|Detailed Statement of Financial Activities|22|to|23|
Lifespring Ministries
Report of the Trustees for the Year Ended 31 March 2024
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 2024. 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
Report of the Trustees for the Year Ended 31 March 2024
## **CHARITY REVIEW**
## **Introductory Comments**
In contrast to last year and the slow recovery from the global effects of Covid 19, LifeSpring Ministries has experienced significant growth. We have seen many new families moving into the city of Wolverhampton from other countries, who have made LifeSpring Church their spiritual home. This has led to the expansion of our Open Arms ministry. This ministry caters for asylum seekers and newly arrived families to the UK. Due to the continued growth of our church, we have made the decision to re-develop our facility and have launch our Enlarge the House initiative.
This year we celebrated 25 years of LifeSpring ministries, this was a wonderful weekend where saw record numbers in our Sunday Service. We were also able to host a number of conferences, including, Re-claim 23 conference, The Father’s Heart Conference and Developing the Secret Place, a teaching seminar with John and Carol Arnott from Catch the Fire Ministries.
We were also able to re-launch the LifeSpring School of Ministry where we had 24 students enrolled. We ran two membership courses culminating with 44 new members added to the church and a baptism service with 28 Candidates. In relation to the struggling congregation referred to in last year’s report, we are pleased to report that the church is thriving and regularly have between 25 -50 people attending each week. The Ark Church in Sutton Coldfield has also seen significant growth and as a result have moved to two services, have out grown their current building and are looking for new premises.
## **LifeSpring Global**
LifeSpring Global continues to enlarge as it explores a number of ministry opportunities both in the UK and overseas. The year saw mission and ministry trips to a number of nations including Mozambique, South Africa, India and Nepal where in each case we are developing relationships, training leaders and assisting with various projects.
Plans were also put into place to reinstate the annual Reclaim conference and LifeSpring School of Ministry. The monthly ministry newsletter continues to grow and in order to enable all these developments a part time staff member was deployed to handle administration.
In the Midlands region of the UK the works in Burntwood and Sutton Coldfield continued to grow and along with our overseas pastors, we hosted several global zoom meetings. The Global financial partnerships also grew with new people contributing on a monthly basis.
We anticipate that soon we shall be able to plant a further church into the region and expand into more nations.
## **Small Wonders Stay and Play Group**
We have had a busy & exciting year at Small Wonders. We have seen over 280 families at Small Wonders. We have run 75 sessions over 12 months with a total cumulative attendance of over 10,000 adults & children through our door in that time. We have an average attendance each Friday of 275 people.
Christmas is a really busy time at Small Wonders with 161 Small Wonders children visiting Santa. We still have a very long waiting list with people waiting up to 12 months for a place.
We have welcomed 11 new babies, said goodbye to 42 Small Wonders who have left to go to school or school nursery. We have gifted 115 bunches of flowers to encourage and celebrate parents/ carers & volunteers. We have served nearly 10,000 pieces of cake!
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 £350. One of our Small Wonders children was diagnosed with Leukaemia in 2020 so this felt like a really great way to show the family our love & support.
Our annual event Africa Day celebrates African unity, and all the wonderful cultures that this amazing continent is home to. We had our very own Small Wonder jungle to play in, face painting & traditional African dress we raised £500 for Fathers House of Joy in Mozambique.
Our annual Empurple Day when everything turns purple for the day raised £479.33 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 Ministry**
During the last year in Transformer Kids the number of children (aged 2-11 years) attending our weekly Sunday sessions has increased to around 70 each week. We continue to have new families each week. We have covered the following topics: Lazarus, the parables, gifts of the Spirit, the Easter Story, Christmas and Women in the Bible.
To facilitate the growth of our groups we have moved from three groups to four groups each week. Growing our team to staff these groups. The Sunday sessions are made up of 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 and deepen their relationships with God and each other.
In the summer term we ran our first mid-week group, called Transformer Cadets, for children in years 5 & 6. Ten children attended for a six week course, over this time they bonded as a group and would share openly with each other their opinions and feelings. We are going to continue running this group each term as it was a great success and one of the highlights of the last year.
We have run successful family events including a “Let your light shine event” which included a family service and a light party, pancake fundraiser and Good Friday walk through. These events have enabled families to spend quality time together and grow their faith together. We feel it is important to facilitate times for family to have fun together while deepening their walk with God.
We ran our second summer holiday club in August, over 60 children attended for 3 days full of fun, games, crafts and learning about the love of God. The children had a wonderful time and many parents said it was the best club their children had ever been to and cannot wait to sign up for next year.
We have run “Powerful parenting” sessions, where we equipped parents to talk to their children about current issues with God at the centre. We want parents to be the ones who disciple their children and as a ministry it is our role to support them in this.
As we look ahead to the next year, we are working on ways to facilitate the growth that we are continuing to experience. We hosted a teddy bears picnic, celebrated our 10th birthday with a superhero themed party with a photo booth, held a family photo shoot, a huge Santa’s grotto & helped numerous families having a hard time. We continue to prioritise honouring our volunteers as we held a Small Wonders volunteer awards ceremony.
## **Youth**
It has been an incredible year where we have seen so many of our youth encounter Jesus – particularly through worship. We attended a regional youth prayer and worship event put on by the message and 24/7 prayer last February and God really lit a fire in some of our young people and we have seen real enthusiasm, confidence and growth in them. Our young people have been present at Open Heavens and some of them serving at events – which they have got a lot out of.
We took year 9+ to Limitless (youth camp) in August – which they absolutely loved. It built community and friendships like nothing else does and they had an absolute blast. They all encountered Jesus and responded to different ministry opportunities in the meetings. We had 4 of them speak in tongues for the first time, some of them had accurate prophetic words for each other and they all grew in their faith. It was mega!
This school year we have seen our numbers almost double in size. This is due to a big influx of year 6’s becoming year 7’s and we have also had a number of new families with young people join the church – which is fantastic. We are now seeing between 20 and 30 young people on a Sunday and between 30 and 40 young people on a Friday.
We have connected with All Nations and Excel youth – us going to them and them coming to us. We are building a strong relationship with their youth leaders and looking how we can support each other and work together going forward.
## **Director’s Report Conclusion**
The Directors and ministry leaders of the Charity are pleased to report that the Charity remains financially stable. 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**
A Wastall S Eaves D Waldron S Kruczek D Brown S Chonkria T J Wood
## **Company Secretary**
S Chonkria
## **Independent Examiner**
Richard Ashmore Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Approved by order of the board of trustees on 11 December 2024 and signed on its behalf by:
A Wastall - Trustee
## 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 2024.
## **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 member of the 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
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
11 December 2024
Page 5
Lifespring Ministries
## Statement of Financial Activities for the Year Ended 31 March 2024
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
535,287
**Charitable activities**
Conferences & Events
17,978
Rent Income
5,439
LSM
-
MCO Cafe
1,953
Small Wonders
-
Resource Sales
1,743
Investment income
2
-
**Total**
562,400
**EXPENDITURE ON**
**Charitable activities**
Conferences & Events
22,032
Christians Against Poverty
900
Other
2,826
Children & Youth
6,058
School of Ministry Expenses
-
Support Costs
365,193
Grants Payable
1,130
MCO Cafe
1,514
Small Wonders
-
Global
139,820
Loving Our City
-
Home For Good
Acts 435
-
Hope in His hands
-
**Total**
539,471
**NET INCOME/(EXPENDITURE)**
22,927
**Transfers between funds**
13
(2,474)
**Net movement in funds**
20,453|Restricted
funds
£
159,601
-
-
8,141
-
16,116
54
183,912
-
-
11,641
-
12,107
336
-
-
15,592
20,205
6,718
384
-
-
66,983
116,929
2,474
119,403|31.3.24
Total
funds
£
694,888
17,978
5,439
8,141
1,953
16,116
1,743
54
746,312
22,032
900
14,467
6,058
12,107
365,529
1,130
1,514
15,592
160,025
6,718
384
-
-
606,456
139,856
-
139,856|31.3.23
Total
funds
£
520,405
3,263
2,758
-
787
15,445
8|
|---|---|---|---|
||||542,666|
||||
7,618
5,421
4,705
3,557
3,460
332,959
730
727
16,641
135,870
17,253
180
119
529,240
13,426
-|
||||13,426|
The notes form part of these financial statements
Page 7
Lifespring Ministries
## Statement of Financial Activities for the Year Ended 31 March 2024
|Unrestricted
funds
Notes
**RECONCILIATION OF FUNDS**
£
Total funds brought forward
125,094
**TOTAL FUNDS CARRIED FORWARD**
145,547|Restricted
funds
£
572,986
692,389|31.3.24
Total
funds
£
698,080
837,936|31.3.23
Total
funds
£
684,654|
|---|---|---|---|
||||698,080|
The notes form part of these financial statements
continued...
Page 9
Lifespring Ministries
## Balance Sheet
## 31 March 2024
|**FIXED ASSETS**
Notes
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**CREDITORS**
Amounts falling due after more than one year
10
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
886,922
29,269
47,729
76,998
(74,613)
2,385
(743,760)
145,547|Restricted
funds
£
570,985
164
121,240
121,404
-
121,404
-
692,389|31.3.24
Total
funds
£
1,457,907
29,433
168,969
198,402
(74,613)
123,789
(743,760)
837,936
145,547
691,956
837,936|31.3.23
Total
funds
£
1,495,646
9,636
45,076|
|---|---|---|---|---|
|||||55,712
(79,806)
(25,094)
(772,472)
698,080|
||||||
|||||125,094
572,986|
|||||698,080|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024
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 11 December 2024 and were signed on its behalf by:
A Wastall - Trustee
The notes form part of these financial statements
Page 10
Lifespring Ministries
Notes to the Financial Statements for the Year Ended 31 March 2024
## **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 2024
## **2. INVESTMENT INCOME**
|||31.3.24|31.3.23|
|---|---|---|---|
|||£|£|
||Deposit account interest|54|8|
|**3.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||31.3.24|31.3.23|
|||£|£|
||Depreciation - owned assets|37,740|36,555|
|**4.**|**TRUSTEES' REMUNERATION AND BENEFITS**|||
Mr A Wastall received remuneration for ministry services in accordance with the governing document to the value of £48,950 (2023 - £51,000).
No other trustees received any remuneration during the year
## **Trustees' expenses**
Mr A Wastall was reimbursed for expenses totalling £5,327 during the year (2023 - £2,266)
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|
Staff
No employees received emoluments in excess of £60,000.
**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
398,508
**Charitable activities**
Conferences & Events
3,263
Rent Income
2,758
Other
-
MCO Cafe
787
Small Wonders
-
**Total**
405,316|31.3.24
12
Restricted
funds
£
121,897
-
-
-
-
15,445
137,350|31.3.23
12
Total
funds
£
520,405
3,263
2,758
-
787
15,445|
|---|---|---|
|||542,666|
## **EXPENDITURE ON**
continued...
Page 12
Lifespring Ministries
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Charitable activities**
Conferences & Events
Christians Against Poverty
Other
Children & Youth
Evangelism & Outreach
School of Ministry Expenses
Support Costs
Grants Payable
MCO Cafe
Small Wonders
Global
Loving Our City
Sunday Broadcasting
Hope in His Hands
Acts 435
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2023 and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|**ACTIVITIES**
Unrestricted
funds
£
7,618
3,408
4,151
2,562
953
332,953
730
727
-
-
-
-
-
-
353,102
52,214
(57,602)
(5,388)
130,482
125,094
Freehold
property
£
1,798,144
304,275
35,963
340,238
1,457,906
1,493,869|**- continued**
Restricted
funds
£
-
2,013
554
500
-
2,507
6
-
-
16,641
135,870
17,253
495
119
180
176,138
(38,788)
57,602
(7,656)
554,172
572,986
Fixtures
and
fittings
£
34,936
33,159
1,777
34,936
-
1,777|Total
funds
£
7,618
5,421
4,705
3,062
953
2,507
332,959
730
727
16,641
135,870
17,253
495
119
180
529,240
13,426
-
13,426
684,654
698,080
Totals
£
1,833,080
337,434
37,740
375,174
1,457,906
1,495,646|Total
funds
£
7,618
5,421
4,705
3,062
953
2,507
332,959
730
727
16,641
135,870
17,253
495
119
180|
|---|---|---|---|---|
|||||529,240|
|||||
13,426
-|
|||||13,426
684,654|
|||||698,080|
||||||
continued...
Page 13
Lifespring Ministries
|Notes to the Financial Statements-continued
for the Year Ended 31 March 2024
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Gift Aid Recoverable
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 11)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 11)
**11.**
**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
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 years by instalments|31.3.24
£
11,802
17,631
29,433
31.3.24
£
66,454
6,142
-
410
1,607
74,613
31.3.24
£
743,760
31.3.24
£
66,454
66,454
132,908
544,398|31.3.23
£
1,463
6,490
1,683
9,636
31.3.23
£
66,454
9,784
1,678
390
1,500
79,806
31.3.23
£
772,472|
|---|---|---|
|||31.3.23
£
66,454|
|||
66,454|
|||
132,908|
|||573,108|
continued...
Page 14
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **12. SECURED DEBTS**
The following secured debts are included within creditors:
Bank loans
|31.3.24
£
810,214|31.3.23
£
838,924|
|---|---|
The bank loans are secured with charge on the freehold property owned by the charity in favour of Triodos Bank.
## **13. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Baptism Fund
Furnishings
Children & Youth
**Restricted funds**
Building Fund
CAP
Mozambique
Other
Small Wonders
LSM
Global
Loving Our City
Sunday Broadcasting
Hope in His hands
**TOTAL FUNDS**||At 1.4.23
£
125,364
(42)
(274)
46
125,094
540,399
1,795
6,140
2,734
3,550
4,185
9,340
-
4,842
(3)
4
572,986
698,080|
||Net
movement
in funds
£
22,375
42
274
236
22,927
125,405
(1,795)
(3,724)
(5,605)
524
(3,959)
2,207
3,934
(194)
136
116,929
139,856|Transfers
between
funds
£
(2,474)
-
-
-
(2,474)
-
-
-
-
225
-
2,000
-
-
249
-
2,474
-|
|At
31.3.24
£
145,265
-
-
282
145,547
665,804
-
2,416
(2,871)
4,299
226
13,547
-
8,776
52
140|
|---|---|---|---|---|---|---|---|---|
|||||
|||||
|||||||||692,389|
|||||||||
837,937|
continued...
Page 15
Lifespring Ministries
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Baptism Fund
Global
Furnishings
Children & Youth
**Restricted funds**
Building Fund
CAP
Mozambique
Missions
Other
Small Wonders
LSM
Loving Our City
Sunday Broadcasting
Nepal Pastors
Hope in His Hands
**TOTAL FUNDS**|
||Incoming
resources
£
458,795
42
101,074
274
2,215
562,400
125,740
(1.378)
5,002
13,846
3,506
16,116
8,149
10,652
1,567
192
520
183,912
746,312||Resources
Movement
expended
in funds
£
£
(436,420)
22,375
-
42
(101,072)
2
-
274
(1,979)
282
(539,471)
22,975
(335)
125,405
(417)
(1,795)
(8,726)
(3,724)
(10,630)
3,216
(10,120)
(6,614)
(15,592)
524
(12,108)
(3,959)
(6,718)
3,934
(1,761)
(194)
(192)
-
(384)
136
(66,983)
(116,929)
(606,454)
139,904|
|---|---|---|---|---|---|
|||
||||
|||||||
continued...
Page 16
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
**Restricted funds**
Building Fund
CAP
Mozambique
Other
Small Wonders
LSM
Global
Youthworker
Loving Our City
Hope in His Hands
Sunday Broadcasting
**TOTAL FUNDS**
General fund|At 1.4.22
£
515,325
8,316
5,095
2,636
4,747
1,748
3,293
500
12,512
-
-
554,172
684,654
130,482|Net
movement
in funds
31.3.23
£
8,074
(521)
934
98
(1,197)
2,437
(37,253)
(500)
(10,861)
4
(3)
(38,788)
13,426
52,214|Transfers
between
funds
£
17,000
(6,000)
111
-
-
-
43,300
-
3,191
-
-
57,602
-
(57,602)|At
£
540,399
1,795
6,140
2,734
3,550
4,185
9,340
-
4,842
4
(3)
125,094|
|---|---|---|---|---|
|||||572,986
698,080|
continued...
Page 17
Lifespring Ministries
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
**Restricted funds**
**TOTAL FUNDS**
General fund
Building Fund
CAP
Mozambique
Small Wonders
Missions
Global
Youthworker
Here to help
Loving Our City
Other
LSM
Nepal Pastors
Hope in His Hands
Lifespring India
Sunday Broadcasting|Incoming
resources
£
137,350
542,666
405,316
8,080
1,492
17,015
15,444
22,917
43,093
-
200
6,192
1,327
4,944
4,926
123
11,600
(3)|Resources
Movement
expended
in funds
£
£
(176,138)
(38,788)
(529,240)
13,426
(353,102)
88,172
(6)
8,074
(2,013)
(521)
(16,081)
934
(16,641)
(1,197)
(22,531)
386
(81,076)
(37,983)
(500)
(500)
(308)
(108)
(16,945)
(10,753)
(1,229)
98
(2,507)
2,437
(4,582)
344
(119)
4
(11,600)
-
-
(3)|
|---|---|---|
continued...
Page 18
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Baptism Fund
Furnishings
Children & Youth
**Restricted funds**
Building Fund
CAP
Mozambique
Missions
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
Nepal Pastors
Hope in His hands
**TOTAL FUNDS**|At 1.4.21
£
102,213
-
-
-
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
£
139,082
1,457
(199)
46
140,386
(27,962)
1,394
3,411
386
98
2,765
2,437
(2,332)
(81,971)
-
(1,933)
(2,073)
-
4
(571)
(89)
90
(348)
344
4
(106,346)
34,040|Transfers
between
funds
£
(115,931)
(1,499)
(75)
-
(117,505)
32,500
(6,000)
111
-
(828)
340
-
1,374
85,987
(125)
(1,874)
5,373
(110)
(4)
571
89
-
370
(269)
-
117,505
-|At
31.3.23
£
125,364
(42)
(274)
46
125,094
540,399
1,795
6,140
386
2,619
3,550
4,185
42
8,837
-
(25)
4,867
-
-
-
-
90
22
75
4
572,986
698,080|
|---|---|---|---|---|
continued...
Page 19
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. 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
Baptism Fund
Furnishings
Children & Youth
**Restricted funds**
Building Fund
CAP
Mozambique
Missions
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
Nepal Pastors
Hope in His hands
Lifespring Centre India
**TOTAL FUNDS**|Incoming
resources
£
745,794
4,236
14
778
750,822
8,802
4,517
31,782
22,917
1,327
24,686
4,944
3,399
62,462
500
1,329
54,109
203
1,116
5,197
3,116
640
747
4,926
123
11,600
248,442
999,264|Resources
Movement
expended
in funds
£
£
(606,712)
139,082
(2,779)
1,457
(213)
(199)
(732)
46
(610,436)
140,386
(36,764)
(27,962)
(3,123)
1,394
(28,371)
3,411
(22,531)
386
(1,229)
98
(21,921)
2,765
(2,507)
2,437
(5,731)
(2,332)
(144,433)
(81,971)
(500)
-
(3,262)
(1,933)
(56,182)
(2,073)
(203)
-
(1,112)
4
(5,768)
(571)
(3,205)
(89)
(550)
90
(1,095)
(348)
(4,582)
344
(119)
4
(11,600)
-
(354,788)
(106,346)
(965,224)
34,040|
|---|---|---|
continued...
Page 20
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 21
Lifespring Ministries
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Investment income**
**Charitable activities**
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Events & Conferences
Children & Youth
CAP Expenses
School of Ministry Expenses
MCO Expenses
Media
Small Wonders
Global
Other
Loving Our City
Baptism
Hope in His hands
Home For Good
Grants to institutions
Deposit account interest
Conference Income
Rent Received
MCO Café
Resource Sales
LSM
Small Wonders|31.3.24
£
608,680
86,208
694,889
51,370
746,312
22,032
6,058
900
12,107
1,514
1,991
15,592
160,025
14,467
6,718
-
-
384
1130
242,918
54
17,978
5,439
1,953
1,743
8,141
16,116|31.3.23
£
448,413
71,992
520,405
8
3,263
2,758
787
-
-
15,445|31.3.23
£
448,413
71,992
520,405
8
3,263
2,758
787
-
-
15,445|
|---|---|---|---|
||||
520,405
8
3,263
2,758
787
-
-
15,445|
||||22,253
542,666
3,610
3,062
5,421
2,507
727
554
16,641
83,604
7,008
17,253
2,779
119
-
730
|
||||143,015|
This page does not form part of the statutory financial statements
Page 22
Lifespring Ministries
## Detailed Statement of Financial Activities for the Year Ended 31 March 2024
|**Support costs**
**Management**
Wages
Pensions
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Independent Examiner's Fees
Ministry Fees & Expenses
Travel, training & Staff Expenses
Design, Print & Promotion
Repairs & Maintenance
Expensed Equipment
Hospitality & Refreshments
Subscriptions & Licences
Sunday Operations
IT Costs
Depreciation of tangible and heritage assets
**Finance**
Bank charges
Mortgage
Total resources expended
**Net income**|31.3.24
£
31.3.23
£
171,636
166,074
4,796
4,670
5,162
4,871
21,995
19,214
4,525
5,003
1,313
1,174
70
10
1,608
1,816
-
53,266
622
2,637
3,120
2,010
21,734
25,415
9,662
8,711
5,593
5,112
3,027
2,428
2,023
2,664
4,783
3,584
37,740
36,555
299,409
345,214
1,915
1,431
60,860
39,580
62,775
41,011
605,102
529,240
141,210
13,426|31.3.24
£
31.3.23
£
171,636
166,074
4,796
4,670
5,162
4,871
21,995
19,214
4,525
5,003
1,313
1,174
70
10
1,608
1,816
-
53,266
622
2,637
3,120
2,010
21,734
25,415
9,662
8,711
5,593
5,112
3,027
2,428
2,023
2,664
4,783
3,584
37,740
36,555
299,409
345,214
1,915
1,431
60,860
39,580
62,775
41,011
605,102
529,240
141,210
13,426|
|---|---|---|
|||
345,214
1,431
39,580|
|||
41,011|
|||
529,240|
|||
13,426|
This page does not form part of the statutory financial statements
Page 23