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 2025
for
Lifespring Ministries
Altus Business Consulting Ltd 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Lifespring Ministries
Report of the Trustees for the Year Ended 31 March 2025
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 2025. 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:
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The proclamation of the Gospel of God concerning he Son Jesus Christ or Lord and the preaching and teaching of the Christian faith.
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The advancement of the Christian faith in any part of the world
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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.
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Lifespring Ministries
Report of the Trustees for the Year Ended 31 March 2025
ACHIEVEMENT AND PERFORMANCE Charitable activities ntroductory Comments
LifeSpring Ministries continues to develop into an operation with many branches and expressions, all of which contribute to the overall mission of the ministry whether in Wolverhampton itself, the wider region or around the world. We continue to add value to many people's lives, alleviate poverty and introduce many to the Christian gospel and a personal faith in Jesus Christ.
LifeSpring Global
The year saw continued expansion of activities such as preparation for a new church plant in Walsall, a successful Reclaim conference, fund raising gala night, and overseas ministry. Visits to LifeSpring Churches in Nepal, India, Mozambique and Zimbabwe took place with great encouragement for the many churches we support in these nations. We have also witnessed a new church being born in Malaysia and opportunities for visits elsewhere. The LifeSpring Global bank account continues to experience increased donations that all contribute to expanded ministry opportunities. Nearer to home we ran more mission training events, Father Heart conference, leaders days and school of ministry.
LifeSpring Church
The church continued to experience strong growth through the year, so much so that in September of the year in question the church introduced two Sunday services in order to handle the numbers of people wishing to attend. We held around 100 baptisms, and new membership increased by around 70 adults. Week by week new attenders are appearing at Sunday services and a steady trickle of these people profess Christ for the first time.
Apart from the Sunday services, church life is expressed through monthly prayer meetings, quarterly worship nights, small groups and supporting ministries like pastoral care. The building is used extensively, not only for church activities but also increasingly, as a community resource through its room hire division.
Small Wonders Stay and Play Group
Executive Summary
The Small Wonders Stay & Play Group has experienced a year of growth, exceptional community engagement, and successful charitable initiatives. The organisation served over 280 families, achieving a cumulative annual attendance exceeding 12,000 adults and children across 72 sessions. Demand remains extremely high, evidenced by a waiting list extending up to 12 months. This report details operational statistics, community programming, financial impact, and key challenges for the fiscal year.
Community Engagement and Outreach
Adhering to its value of building community, the Group successfully raised substantial funds for external charities, demonstrating a strong commitment to support our local community:
The Haven Wolverhampton: £730 raised through Empurple Day to support local services for women and children affected by domestic violence and homelessness.
Fathers House of Joy (Mozambique): £754 raised during the annual Africa Day cultural celebration.
Alfie's Smile: £552 donated, allocated towards purchasing toys for children in need at Christmas raised by our annual Charity Day
Operational and Statistical Data
Over 280 families Served - Unduplicated count for the year. 72 sessions Run - Total number of Stay & Play sessions.
Cumulative Attendance of over 12,000 - Total count of adults and children passing through the doors Average Friday Attendance of 335 people - An increase from 315 in the prior year, demonstrating increased demand. Over 10,000 pieces of cake served - Demonstrates the scale of volunteer effort in providing refreshments.
Programme Initiatives
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Report of the Trustees for the Year Ended 31 March 2025
'Wriggles & Giggles': Continued to offer dedicated support and community building for parents/carers with children under six months, addressing the challenges of early-day parenting.
Small Wonders Freebies: The successful Facebook platform facilitates the free exchange of pre-owned baby and child items among the community.
Events: Key annual events included a superhero-themed 12th Birthday celebration, a substantial Christmas Grotto with 156 children visiting Santa, and the annual subsidised trip to Lower Drayton Farm, involving over 300 adults and children.
Parent/Carer Support: The Group provided both emotional and practical assistance to numerous families experiencing hardship, along with gifting 105 bunches of flowers to encourage parents, carers, and volunteers.
Volunteer Reliance and Recognition
Small Wonders is operated entirely by a dedicated team of volunteers. The success and scale of the Group are directly attributable to their commitment, covering critical roles from setup and tidying to baking, serving refreshments, administration, and welcoming families.
Children Ministries
During 2024-2025 our children's ministry at LifeSpring church has continued to grow, with new families joining regularly. Our team has also begun to grow and changes to the team have been made. With the planting of LifeSpring Walsall, Alice Harper has been appointed Children's Ministry Leader and began that role in August 2025. Laura Waldron has become Children's Ministry Overseer and is now working with the regional churches to create a hub where policies, planning and event resources can be shared. Our children continue to attend both services, however there are increasingly more children at the second service than the first.
We aim for our children's curriculum to be a balance of bible teaching, learning how to pray and encounter with Holy Spirit, as well as fostering a relationship with our daddy God. Our Sunday sessions are made up of small group times, bible teaching, prayer opportunities, soaking/encounter time with God, games crafts and creative projects. Cadets and Junior Cadets have continued to run under Laura and will be recommencing in January 2026. During Cadets sessions, children worked through Youth Alpha as well as diving deeper into God's word.
Our children's ministry has continued to serve our community through our family events. In July we welcomed over 85 children to our 'Blast Off' holiday club where children spent three days learning about creator God, Jesus and His mission on Earth, and our mission to go and spread the love of God with others. These children were a mixture of our own church family, and children from the wider community. Many children returned for our parent community event, where Laura and Jon shared the gospel message. Plans are already in place for 'Have I got News for You' holiday club 2026.
'Let your light shine' light party is also taking place again this year with the theme: you cannot hide the light. Other planned events include our popular Good Friday Walk through. This year we plan to develop the Good Friday trail by inviting local schools (Christ Church Primary School and West Park Primary School) to come and complete Easter activities. Laura has continued to grow her relationship with Christ Church Primary school and is delivering regular assemblies. Alice has links with West Park Primary School and been teaching there for 9 years.
Youth Ministries
School years 7-13 meet fortnightly on a Friday. Numbers have been steadily increasing. We have seen youth salvations and baptisms. We continued to have a lot of fun having our 2nd sleepover and going to Go Kidz Go. We heard amazing testimonies, had Tony answer our BIG questions, attended regional Black Country Youth events and had girls and guys nights. We have continued to connect with All Nations Church and Excel Church throughout the year, getting together once a term.
We continued our connection with St Peters School and Sarah met regularly with a small group of pupils on a Thursday lunch time. We were also invited in to lead a service at St Jude's for St Peters pupils where John and Karla were able to share the gospel and Dan led worship
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Report of the Trustees for the Year Ended 31 March 2025
We had an online weekly bible study for year 10+ and that was another great way to connect and read the bible together.
We attended Limitless festival in August 24 - we took a total of 50 young people (37 from LS Wolves). Our youth LOVED it and had the most incredible time.
We also provide weekly sessions on Sunday mornings for school years 7-9s.
Coffee & Company
We are pleased to continue offering a warm and safe place for the people of the local community to attend on Wednesdays, between 10 am and 12 pm. Coffee and Company operates throughout the year other than a few breaks when required.
We continue to partner with 'Places of Welcome' who provide us with various resources, chances to attend other sessions, and also advertise the 'Places of Welcome' group throughout the city. A small group of us attended a session at Holy Trinity Church, Heath Town, where we were greatly encouraged in our work. We also offer a safe place for professional organisations to meet with their clients, and introduce them to a safe environment.
We currently have a great team of 8 or so volunteers, who offer a great deal of experience dealing with the general public, and who offer love and care to those who need it. Before opening the doors to our visitors, the team meets for a 10-minute devotional, and it also offers a chance for prayers.
Coffee and company continue to offer warm drinks, home-made cakes and biscuits. Our warm toast is very popular, and keeps us very busy.
Our main aim is to welcome all who come through our doors with a warm, loving welcome. To offer a safe space where they can either mix with others, or spend time alone. The team spends a lot of time mingling with our visitors, where we can just chat or listen with them, offering support or advice where we can. Sometimes, our visitors ask for prayer, and we are obviously happy to oblige.
Many visitors attend almost weekly, which, I believe is a testimony to the service we provide. In the last 12 months, we have introduced a charter, which explains the standards of behaviour we expect of our visitors, and the outcome should these standards not be met. We received our now yearly Easter visit from children of Christchurch School, and we look forward to seeing them this Christmas, for mince pies and singing.
Directors Report Conclusion
The Directors and Ministry Leaders of the Charity are pleased to report that the Charity remains in a strong and stable financial position. We are deeply thankful for the continued evidence of God's provision and favour, which enables us to pursue our mission to reach the lost, plant new churches, and raise up new leaders.
LifeSpring Ministries continues to be a source of blessing to many, and we remain committed to seeking God's direction as we work diligently to fulfil all that He has entrusted to us by His grace.
FINANCIAL REVIEW Financial position
The trustees are satisfied with the financial performance of the charity.
The unrestricted reserves at 31st March 2025 were £124,350 (2024 - £145,547).
Principal funding sources
The principle funding source of the charity remains the donations of the congregation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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Report of the Trustees for the Year Ended 31 March 2025
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 Brown Director S Chonkria Director S Eaves Director P A Heather Director G Smith Director (appointed 11.11.24) A H Wastall Director T J Wood Director
Company Secretary
S Chonkria
Independent Examiner
Richard Ashmore Altus Business Consulting Ltd 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Approved by order of the board of trustees on 1 December 2025 and signed on its behalf by:
A H Wastall - Trustee
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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 2025.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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 The Institute of Chartered Accountants in England and Wales
Altus Business Consulting Ltd 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
1 December 2025
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Lifespring Ministries
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 476,004 Charitable activities Conferences & events 6,689 Rental Income 4,447 MCO Cafe 2,601 Resources - LSM - Small Wonders - Children & Youth 1,390 Media 2,149 Global - Other 7,035 Church Planting - Walsall Church - Grotto 729 Gala 12,567 Investment income 2 - Total 513,611 EXPENDITURE ON Charitable activities Conferences & events 24,151 MCO Cafe 2,040 LSM - Small Wonders - Children & Youth 7,271 CAP - Media 1,522 Global - Other 587 Loving Our City - Home for Good - Support Costs 392,836 Grants Payable 9,149 Grotto 458 Gala 13,943 Total 451,957 NET INCOME/(EXPENDITURE) 61,654 Transfers between funds 13 (82,851) Net movement in funds (21,197) RECONCILIATION OF FUNDS Total funds brought forward 145,547 |
Restricted funds £ 123,707 12,387 - - 2,031 12,071 17,975 50 - 677 - 9,611 831 - - 113 179,453 9,370 - 10,331 15,386 - - - 137,153 243 8,073 56 1,294 - - - 181,906 (2,453) 82,851 80,398 692,389 |
31.3.25 Total funds £ 599,711 19,076 4,447 2,601 2,031 12,071 17,975 1,440 2,149 677 7,035 9,611 831 729 12,567 113 693,064 33,521 2,040 10,331 15,386 7,271 - 1,522 137,153 830 8,073 56 394,130 9,149 458 13,943 633,863 59,201 - 59,201 837,936 |
31.3.24 Total funds £ 694,888 17,978 5,439 1,953 1,743 8,141 16,116 - - - - - - - - 54 746,312 22,032 1,514 12,107 15,592 6,058 900 - 159,176 12,706 6,718 384 368,139 1,130 - - 606,456 139,856 - 139,856 698,080 |
|---|---|---|---|
The notes form part of these financial statements
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Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted funds Notes £ TOTAL FUNDS CARRIED FORWARD 124,350 |
Restricted funds £ 772,787 |
31.3.25 Total funds £ 897,137 |
31.3.24 Total funds £ 837,936 |
|---|---|---|---|
The notes form part of these financial statements
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Balance Sheet 31 March 2025
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 850,958 9,333 51,379 60,712 (74,166) (13,454) 837,504 (713,154) 124,350 |
Restricted funds £ 570,985 - 201,802 201,802 - 201,802 772,787 - 772,787 |
31.3.25 Total funds £ 1,421,943 9,333 253,181 262,514 (74,166) 188,348 1,610,291 (713,154) 897,137 124,350 772,787 897,137 |
31.3.24 Total funds £ 1,457,906 29,433 168,970 198,403 (74,613) 123,790 1,581,696 (743,760) 837,936 145,547 692,389 837,936 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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
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Balance Sheet - continued 31 March 2025
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 1 December 2025 and were signed on its behalf by:
A H Wastall - Trustee
The notes form part of these financial statements
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Notes to the Financial Statements for the Year Ended 31 March 2025
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.
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 113 | 54 |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.3.25 £ 35,963 |
31.3.24 £ - |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
Mr A Wastall received remuneration for ministry services in accordance with the governing document to the value of £57,850 (2024 - £48,950)
Trustees' expenses
Mr A Wastall was reimbursed for expenses totalling £6,163 during the year (2024 - £5,327).
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| 31.3.25 Staff 14 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 434,646 260,242 Charitable activities Conferences & events 17,978 - Rental Income 5,439 - MCO Cafe 1,953 - Resources 1,743 - LSM - 8,141 Small Wonders - 16,116 Investment income - 54 Total 461,759 284,553 EXPENDITURE ON Charitable activities Conferences & events 22,032 - MCO Cafe 1,514 - LSM - 12,107 |
31.3.24 12 Total funds £ 694,888 17,978 5,439 1,953 1,743 8,141 16,116 54 746,312 22,032 1,514 12,107 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ Small Wonders - 15,592 Children & Youth 6,058 - CAP 483 417 Global 38,746 120,430 Other 2,826 9,880 Loving Our City - 6,718 Home for Good - 384 Support Costs 366,043 2,096 Grants Payable 1,130 - Total 438,832 167,624 NET INCOME 22,927 116,929 Transfers between funds (2,474) 2,474 Net movement in funds 20,453 119,403 RECONCILIATION OF FUNDS Total funds brought forward 125,094 572,986 TOTAL FUNDS CARRIED FORWARD 145,547 692,389 7. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 April 2024 and 31 March 2025 1,798,144 34,936 DEPRECIATION At 1 April 2024 340,238 34,936 Charge for year 35,963 - At 31 March 2025 376,201 34,936 NET BOOK VALUE At 31 March 2025 1,421,943 - At 31 March 2024 1,457,906 - |
Total funds £ 15,592 6,058 900 159,176 12,706 6,718 384 368,139 1,130 606,456 139,856 - 139,856 698,080 837,936 Totals £ 1,833,080 375,174 35,963 411,137 1,421,943 1,457,906 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.25 £ Trade debtors 2,130 Gift Aid Recoverable 7,203 9,333 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 £ Bank loans and overdrafts (see note 11) 66,454 Trade creditors 6,272 Other creditors - Accrued expenses 1,440 74,166 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.25 £ Bank loans (see note 11) 713,154 11. LOANS An analysis of the maturity of loans is given below: 31.3.25 £ Amounts falling due within one year on demand: Bank loans 66,454 Amounts falling between one and two years: Bank loans - 1-2 years 66,454 Amounts falling due between two and five years: Bank loans - 2-5 years 132,908 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 513,792 |
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 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. SECURED DEBTS
The following secured debts are included within creditors:
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| Bank loans | 779,608 | - |
A mortgage in favour of Triodos Bank is in place over the freehold buildings.
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Reclaim Conference Che Ahn Restricted funds Building Fund Other Small Wonders LSM Global Loving Our City Sunday Broadcasting Missions Home for Good Limitless Church Plant Walsall Church TOTAL FUNDS |
At 1.4.24 £ 145,547 - - 145,547 665,804 (2,871) 4,299 226 13,547 8,776 52 2,416 140 - - - 692,389 837,936 |
Net movement in funds £ 65,764 (2,110) (2,000) 61,654 42,661 - 2,588 1,741 (56,254) (6,185) 1,138 (1,596) (55) 3,067 9,611 831 (2,453) 59,201 |
Transfers between funds £ (89,886) 5,035 2,000 (82,851) 36,924 2,871 (1,052) (1,748) 49,266 22 (1,026) 1,186 - (3,592) - - 82,851 - |
At 31.3.25 £ 121,425 2,925 - 124,350 745,389 - 5,835 219 6,559 2,613 164 2,006 85 (525) 9,611 831 772,787 897,137 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Reclaim Conference Che Ahn Restricted funds Building Fund Small Wonders LSM Global Loving Our City Sunday Broadcasting Missions Home for Good Limitless Church Plant Walsall Church TOTAL FUNDS |
Incoming resources £ 505,209 6,690 1,712 513,611 45,758 17,974 12,072 68,441 1,888 1,381 9,059 1 12,437 9,611 831 179,453 693,064 |
Resources Movement expended in funds £ £ (439,445) 65,764 (8,800) (2,110) (3,712) (2,000) (451,957) 61,654 (3,097) 42,661 (15,386) 2,588 (10,331) 1,741 (124,695) (56,254) (8,073) (6,185) (243) 1,138 (10,655) (1,596) (56) (55) (9,370) 3,067 - 9,611 - 831 (181,906) (2,453) (633,863) 59,201 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for 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 Missions 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 22,927 124,918 (1,795) (3,724) (6,374) 524 (3,958) 54 3,934 (194) 136 3,408 116,929 139,856 |
Transfers between funds £ (2,474) - - - (2,474) - - - - 225 - 2,000 - 249 - - 2,474 - |
At 31.3.24 £ 145,265 - - 282 145,547 665,317 - 2,416 (3,640) 4,299 227 11,394 8,776 52 140 3,408 692,389 837,936 |
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Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
13. MOVEMENT IN FUNDS - continued
Comparative 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 Other Small Wonders LSM Global Loving Our City Sunday Broadcasting Hope in His Hands Missions Nepal Pastors TOTAL FUNDS |
Incoming resources £ 459,228 42 274 2,215 461,759 125,253 (1,378) 5,002 3,506 16,116 8,149 101,128 10,652 1,567 520 13,846 192 284,553 746,312 |
Resources Movement expended in funds £ £ (436,853) 22,375 - 42 - 274 (1,979) 236 (438,832) 22,927 (335) 124,918 (417) (1,795) (8,726) (3,724) (9,880) (6,374) (15,592) 524 (12,107) (3,958) (101,074) 54 (6,718) 3,934 (1,761) (194) (384) 136 (10,438) 3,408 (192) - (167,624) 116,929 (606,456) 139,856 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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 Reclaim Conference Che Ahn Restricted funds Building Fund CAP Mozambique Other Small Wonders LSM Global Loving Our City Sunday Broadcasting Hope in His Hands Missions Home for Good Limitless Church Plant Walsall Church 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 £ 88,139 42 274 236 (2,110) (2,000) 84,581 167,579 (1,795) (3,724) (6,374) 3,112 (2,217) (56,200) (2,251) 944 136 1,812 (55) 3,067 9,611 831 114,476 199,057 |
Transfers between funds £ (92,360) - - - 5,035 2,000 (85,325) 36,924 - - 2,871 (827) (1,748) 51,266 22 (777) - 1,186 - (3,592) - - 85,325 - |
At 31.3.25 £ 121,143 - - 282 2,925 - 124,350 744,902 - 2,416 (769) 5,835 220 4,406 2,613 164 140 2,998 (55) (525) 9,611 831 772,787 897,137 |
|---|---|---|---|---|
continued...
Page 19
Lifespring Ministries
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 964,437 | (876,298) | 88,139 |
| Baptism Fund | 42 | - | 42 |
| Furnishings | 274 | - | 274 |
| Children & Youth | 2,215 | (1,979) | 236 |
| Reclaim Conference | 6,690 | (8,800) | (2,110) |
| Che Ahn | 1,712 | (3,712) | (2,000) |
| Restricted funds | 975,370 | (890,789) | 84,581 |
| Building Fund | 171,011 | (3,432) | 167,579 |
| CAP | (1,378) | (417) | (1,795) |
| Mozambique | 5,002 | (8,726) | (3,724) |
| Other | 3,506 | (9,880) | (6,374) |
| Small Wonders | 34,090 | (30,978) | 3,112 |
| LSM | 20,221 | (22,438) | (2,217) |
| Global | 169,569 | (225,769) | (56,200) |
| Loving Our City | 12,540 | (14,791) | (2,251) |
| Sunday Broadcasting | 2,948 | (2,004) | 944 |
| Hope in His Hands | 520 | (384) | 136 |
| Missions | 22,905 | (21,093) | 1,812 |
| Nepal Pastors | 192 | (192) | - |
| Home for Good | 1 | (56) | (55) |
| Limitless | 12,437 | (9,370) | 3,067 |
| Church Plant | 9,611 | - | 9,611 |
| Walsall Church | 831 | - | 831 |
| 464,006 | (349,530) | 114,476 | |
| TOTAL FUNDS | 1,439,376 | (1,240,319) | 199,057 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 20
Lifespring Ministries
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 512,074 | 608,680 |
| Gift aid | 87,637 | 86,208 |
| Investment income | 599,711 | 694,888 |
| Deposit account interest | 113 | 54 |
| Charitable activities | ||
| Events & Conferences | 34,489 | 17,978 |
| Rental Income | 4,447 | 5,439 |
| MCO Cafe | 2,601 | 1,953 |
| Resource Sales | 2,031 | 1,743 |
| LSM | 12,071 | 8,141 |
| Small Wonders | 17,975 | 16,116 |
| Other Income | 7,035 | - |
| Media Sales | 2,149 | - |
| Church Plant | 9,611 | - |
| Walsall Church | 831 | - |
| 93,240 | 51,370 | |
| Total incoming resources | 693,064 | 746,312 |
| EXPENDITURE | ||
| Charitable activities | ||
| Events & Conferences | 43,752 | 22,032 |
| Children & Youth | 7,729 | 6,058 |
| CAP | - | 900 |
| MCO Cafe | 2,040 | 1,514 |
| Media | 1,522 | 1,991 |
| Small Wonders | 15,386 | 15,592 |
| Global | 135,350 | 139,820 |
| Other | 587 | 12,706 |
| Loving Our City | 8,073 | 6,718 |
| Home for Good | 56 | 384 |
| LSM | 10,331 | 31,463 |
| Grants to institutions | 10,952 | 1,130 |
| 235,778 | 240,308 | |
| Support costs | ||
| Management | ||
| Wages | 176,456 | 172,991 |
| Pensions | 6,168 | 4,796 |
| Carried forward | 182,624 | 177,787 |
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 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Management | ||
| Brought forward | 182,624 | 177,787 |
| Insurance | 5,175 | 5,162 |
| Light and heat | 25,383 | 21,995 |
| Telephone | 6,211 | 4,525 |
| Postage and stationery | - | 1,313 |
| Sundries | - | 70 |
| Travel, training & staff exps | 1,547 | 622 |
| Independent examiner fee | 1,488 | 1,608 |
| Design, Print & Promotion | 5,731 | 3,120 |
| Repairs & maintenance | 36,527 | 22,582 |
| Hospitality & refreshments | 11,164 | 5,593 |
| Subscriptions & Licences | 3,363 | 3,027 |
| Sunday Operations | 1,992 | 3,784 |
| IT Costs | 3,122 | 4,783 |
| Expenses equipment | 15,053 | 9,662 |
| Room Hire Costs | 1,040 | - |
| Depreciation of tangible and heritage assets | 35,963 | 37,740 |
| Finance | 336,383 | 303,373 |
| Bank charges | 2,228 | 1,915 |
| Mortgage | 59,474 | 60,860 |
| 61,702 | 62,775 | |
| Total resources expended | 633,863 | 606,456 |
| Net income | 59,201 | 139,856 |
This page does not form part of the statutory financial statements
Page 22
Lifespring Ministries
Contents of the Financial Statements for the Year Ended 31 March 2025
| 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 |