ANNVAL REPORT AND FIP4ANCIAL 5TILTEMEPITS FOR THE YEAR ENDED 31 DECEM8ÉR 2023 LIFE5PRING CHURCH A COMPANY UMrrED BY GUARANTEÈ REGISTEXED COI4PANY P40., 08087254 REEISTEREO CHAirtrY No.. 1148013 ExdT'p.er5 Ltd esi SuEse P018 BNF LIFESPPING CHURCH COMTENT5 FagÈ5 3 to Dlrertvrs. AllnL'al R@port PJ9e Y Bdlance Sheei Pa9es 8 to 16 ?a9e 17 Page 18 [ndependent. Examiner'5 Report LIFESPRJNG CHURCH DIRÈCTORS REPORT FOR THE YEAR EP4DE0 31 DECEMBER 2023 REFEIiENCE AND ADMINISTRATIVE DETAILS.. REGI￿ERED CKARfry NUMBER 1146D13 REGISTERED cofqpANY NUMBER ¢¥DB7254 START OF FINANCIAL YEAR Lst january 2023 END OF FINANCIAL YEAR 31sl Decen)er 2023 DIRECTOEtS AT 31ST DECÈMBER 2Q23 (alsoi TrU￿ee5 under charity law) Chairma SENTOR MANAGEMENT PEpsof4NEL PRINCIPAL OFFICE ANO REGISTERED ADtskE55 143-145 Oxford Road Reading. RGI 7UY. PRfMAFiY BANKERS 26-29 B.-DdL Readin￿. RGI 2bU. soucrroRS 55137 LOndoD stro￿. Èddin9. RGL 4P5. ACCOUNTANTS Independent. P.xaminers Ltd Ufj.: 2 The 9ruddbril[¥ Bu51Te55 Ccntrè Webt Sussex P018 8Mr LIFESPRfNG CHURCH DIRECTORS RÈPORT FOR THE YEAR ENDED 31 DECEMBER 2023 GOVERf4ANCE boler..ort G., new v1retto￿.-W5tees 15 ".hrDiioh oroposals mad* by the loadets*.p toam headcd by tl..y Pirecto￿n.. GOVERNING INSTRVMENT LEGAL StATU5 ncurporate¢ L*4rty OB)Ecrs Charlty￿ Ob￿[ts Iyhe cbjettri JrtforthE puWlC befjenf are testrt#•d to the foVth*lng.' (•? io the Chrfslijn tiith c¢tyrd•f4C• thè $rkf*mont OF In the hiryto *tathed In surh parts ot Wdlns. th* Unlled Kiry#¢m Or #* 0$ OirectNS frpm iirn* to tsmE thlnk fft tts svch umtt rwrpvse5 arll •%dusivdy •C£Ordh>u ro the ¢1 and Wa￿$ and are Eonnoct¢d *rth th• wor4 d lh* chrn.. Ibl 10 r*f*E¥E PEf5Qf%Kv4ts) •re ID Condi￿On$ rf nmo. or 5Kkntss afid mav and th rdlQ¥Q &￿reSS caus*0 thtfEby In the ¥1¢ ￿ratIon ano irt SU¢h Qih•r pirts of ttyv Unrt¢d Kinodorn Or wllrld x tho DJ¢knrS Itom tsm• fi% induthn9 rn¢t of the luppw Df th05E r20)venng tr¢m ￿K¥un5.. 1£) tty fvrth•r Chnsbafi In purty of ty)e Un￿ Kin9doM •rf th* Ad Plrecrory ryaèy from Dmi to thre thlnk til. Idl to DriJyld• or 6%*St ortati￿r*S In tr¢ knr*i*MS ol suciAI * fur or othef ￿tsure t1￿ orcumthn jr IrQivlJU*S Yth• n**d Df 5Ut¥I by of INtlr ywth. aoe. InfirmlL¥ or OL*)bthty. r4rcAJY&4inces Ihl i(rwwill9 th•r¢tal Expen4Jiture 867 799 34 62& 67 P4et IncDme/lexp¢nditurE) TrarisFer5 JeThvÉÉn FLnd5 r4et moyornent in funds 7,423 L7i PtB9 7.423 Totdl Fuid5 b-.cught Fgmara 1.438.610 00.820 35.938 1.51J,36B L,553.408 TDtal Funds Carriod R>rwar¢r ,389,416 43,3¥L LIFESPRING CHURCH BALANCE SHEET A5 At 31 0e¢ember 2023 Company reglstratlon numoei.. 08087254 Desiofft￿ted 2i-Dec-23 TOtsI 31-Dec-22 Fun15 ote Fixed .77?,6?8 Total fixed a55ets L.Y72,63È 1,836.816 Current Assets )ebtD-5 l5 4.OSL 70.L22 356.470 4rt0.6C.R Ttst& Current Assets 232.989 24C JL,) 27fi 709 Liabilities .L55 L,76Li Net Current assets 43.361 436.44 238.550 Total a55ets less cyrrent liabilit5&5 1.889,476 ?7S.309 43.361 2,2C9.086 2.075,36& rceito-s arnoJTh￿ rellin￿ due atrer mDre thaTr L vear 50Q.OU 50D.GOO 50Q,000 Net&isets 1.3US 4-6 276,309 43,3SI ,7ES.C86 Funds of thE Charity 19 unrestncted ii?ome'.und5 1,389,416 176.399 43,36L L.439,610 276,309 43,36: Total Charity Fund5 276.3J9 1,575.30A Dlrectors ftesportSibilitie5 FOr-.Ye yp.ar eThded .I'si Dec*mbEr 2023 tho comp?r.y ￿a* enLltl&J to exÈmrti¢D trDm hidit unter Section 477 ol the Compafiies Act 476 Df th? Qompanies Acr 2CD6 Girne. AJprDved Jy tbg DlrettiDrS un th• '.ector Pr.nl Ndme.. NR DAVID CORNELIUS CDmpany Re915=:dtion NJThber.' 08087254 LIFESPRtNG CHURCH t40TES ro ThE FINANCIAL STATEMEf4TS l. A¢countsn9 pDli¢ies al Basis of prcpDralioD -he a¢C¢untS havo Oeer. 3rop4rod In èr(urdance W5th 'he prpviwun5 In Part.5 0. tna compdiiies Act Zooé dP{Iiiable to-orypanies dddpled tO.'L'flecl th￿ speLldl That￿re of thc charity's operaiion and In order to fompiy Wlkh the rEq￿l'eMentS of the 50RP. -he Directo￿ Brc of tie vlew -.hat t.*e level of reserve5 w11 support the u funty2..d. '.5. There Is no T.*ere hèvo n*ther chan9es Io PrtVlOU5 accounts. bl Irtcume cj Interest rEceivable d) Fund accountin Restdcted sEaipm￿ts. el ExpenditurE the yeEr ent llatE dre Thored a5 a CO￿￿.tmern. bu- not IEcrued as Expenditure. f) ￿lo￿a￿￿Tr OF 5UPPOrt C05*s g) Tangible fixed asspts reelold pro?ory ,'urbishment Officc QqUiLTrmen'. straigh+ line .S)O. They h) Employee benefits Short'.erm benef,. LIFESPRfNG CHiIRCIt NOTES TO ThE FINANCIAL STATEKENIS i) Oporating leases j) Taxation l. Legal slatus Qf kne charity 3. frDrn donatSons ?nd 1*9èCie5 Re-stated TOTAL Dtsnations fvoteg Fur.65 Funds 2022 333,033 4S4,952 7.C2r. 66.995 78.595 1.306 BO,001 64.773 13 66 66.248 397.698 4. Income frorn chartsblE aEtiviti Restncted UMS ruTAL G23 TOTAL 2022 L8 7h9 769 e.Lo9 L)oiatÉd SeNIcÈs j?IBry 5LPWItI Donotod gorviL￿5 IDOHI B,C8L¥ 1.247 44,B?: 94> 447 Suiey Vlscellar.eou5 780 7BO 5. Incorne frum pthEr trading artivities IOT 2023 TO", 2022 78.790 27.180 44,eC8 21,366 27,18 ,970 6. LnveStmeTrt incom nre5triCted Debign3ted os TOTAL 2023 FOTA,. 2022 FuP.dS InLe.-èst reEelYed 24 1.792 iio io LIFESPRING CHURC NOTES TO ThE FINANCIAL STAYEMENT5 7& Cost of ra$ing fund5 nroq:rirted esignarcd Restrioed TO"•L 2023 TofAL 2022 2,787 27.368 47 afo ox)ense* 7,687 24.199 476 Totsi 40.631 40.53= 7b. ExpenditlJre On charitable artiVitie5 Re-stèt esfricted Funos unds 2023 202? Notes 18 56,807 51.712 115,589 7,825 77.626 59.533 Door o., ployménr io 3QO,2$1 L.842 887 IGO,?61 L,B42 87 283.766 1.2iO 9&7 ?6.347 23.387 12,18 i# 16.032 37,849 7.147 1.680 61 37,849 7.141 .680 6,798 L,56 avernancc Costfi (see Th¢re 7t) To 58,84) iB6,045 503.866 Yc) Analy515 vf governance costs SLpport Govern3n To. Apportiop.reni 'ThdopEnd&n'. e%hminers fe9.S L,680 1.680 Actual r.gst Summary analysls ol emptrtditure on charitable athvities Attlvlty or prwrafflme 567,950 567.95 16M15 .680 Support cast 56S.&I LIFESPRING CHURCH NOTES TO THE FIMANcfAL STATEMENTS . Net inrome1(expenditur￿I for the year Resiri¢re TOTAL 2023 TOTJIL 2J22 77.626 .GB 77,626 l.G80 75.557 L56 79.306 79.306 10. Analysis of Stsfl C05ts. ttUStoe rernuneration and expenses and the cost of key management pe￿annel 2C123 IOU 260,235 252.8-6 SMP Rocovered 19.564 2C? 2SI.166 DOH ContDDution tu 5dlary CD5ts 1<4.82LI 2023 ?022 Is Trustee and rElated party tr3nsa¢tion5 fcllo%w5.- ene ￿e￿￿￿ErE￿O 2Q 2022 Mr5 E Iyonger rtru5teel Goverr,In9 docurrent 13,48D L3.48Tr L3.122 Far the 12 T.0￿th5 endod 4i oer.ember 2023 ?ayme-,,t5 tD TrusLees/D-.ert0￿ as disclDs@d 3JQve ￿ere follows. The fNsteeS of tOD% place bet¥vaeD we OryeJllSdt.Dll E-d a Dlrpc-.cr o- aThy conrÈtted wi-.h fhem. Lthere were no ou￿La￿dID9 bdlantes with 0jre¢tO￿ Or Rela'.ed P3rtip.s ps at 3: Docewhè. ?0?3. disc105ed here'or tran5?a-g.fflcv pumoses Dly. LfFESPklP4G CHURCII P40TES TQ THE nNANCIAL 5TATEWENrs Trustee and Tel)tEd party transadons (¢Ontinuedl 11. Donat*J 5ervice5 and relationships with <>ther chariknes the proieLt'DoDr OTr HopE'. wa5 transfer￿d. Thé )oor o.. Hope wuldf staff ère pala by cost. In 2023 pEyrneTrts totalling £4',499 were 5ellt 12922.. E40,0521 -'Y'yn'? FrD.'ects sen.. sèlèry *LJPPOrt payrpentS 41.499 ItVLife coftimun.ty P.-oJpcts pbld sal3ry 5u?POrt pèyme#ts tD Lite5pring ￿..-rch 12. GTrnts Re51ritt4d FuTrd5 TOIAL ?021 TQTAI 2Q12 Fup05 & C N)Jie MQgambique- Trdiey 4D 3.60tr 2.=86 3.boa 3.IIB 3,71? 7.318 Mlnistry SuPPQrt gran=s ￿ld dctdviue5-. 3.600 3.60 3.600 G12 GIFt Ae3dln9 RCN Fund 516 600 97 700 3QQ 209 3.000 609 97 70D 3Q 20 c.rcw LDok ￿-￿Und Rahab v4d VLstd-.d 900 3,000 ,097 LIFESPRING CHURCH NOTFS TO THE FINANCLAL STATEMENJS 13. cOr￿r¥i¢*I tax 14. Taayible ￿￿ed assEts ÉqJi?me*t Freengld Wrope¢ r¢eSoid Propery Totsi Gener￿* CG5t.. AS at 1st )aDuary 2023 33.118 13,446 1.024.S43 2,4=7,B64 13.446 Transfer DQtwoei fwl..o15 As at 31 December 2023 47,161. 1,359,3Q3 J,024.843 2,43L,310 Dopfoc As 3t .5t Jdnudry 2023 Lfvryp or t￿.t year 16,016 9,G8S 565.OJJ 6J,94L 581,Lkl6 77,625 A5 dt 3L Decemboi 202) S,70L 632.971 64tT,672 AS at .st Janiiéry 2023 794.273 l.D24.843 L.63b,8L As 41 3L DC￿rnber 20 l.tti4.84J 15. Debtors & pr¢yyments 31.12.2022 4.05L L04n-D Li'p5ping Tru5E rc. V.0rtgage rephi 7.32L 16. Creditors.. arnounts falling due within l year 1.12.2023 3k.12.2022 Cre¢it C4ros 464 .68Cp ,Bl: 2C(h xaminer5 Fees Other c￿￿1t?-5 17. treditors.. arnDunts falliny du@ in more than l year 31.12.2023 2'.12.20?? Private Membe.. Loan5 500,000 500,000 iiO.000 SCO nc -rJsEoes ha￿e riTrgfenied a des￿￿￿.e¢ tJ7d to build fyJThe5-.0 *elp ?dy oft:.le Member LoDns. 14 LIFÈSPFUNG CHURCH NOTES ro THE FINANCIAL STATEMEP4TS 18. Analysis of ¢haritablE funds AnaEy515 of fflovements In unMsttri¢t¢d funds.. UnrÈStrirtEd General fund 2023 ZD12 1.438.St 1.5J2.120 489.B14 Income 567.199} Tran5t9.rs between funJs Novemep.t In fiJnas 1,488.51¢ Unyortfirted Circle fund 2023 2922 IOC.820 34.439 ',34,, Exppnditure TrdTh%lpr4 b￿￿.0¢p. fuid5 175.48Y 27£.309 LOC.,820 1,665,725 1,539,43Q Analysis of movements rE5tri¢tod fund5'. 8uildlng furtd- ortgDing expEn5Q5 2022 NDte BalAiTr al '.st.'awary I-corye ExJenLityr ?2,U6• 3.399 66.266 Movement.r lunds BalaryEe as at 31st December 7.423 3.¥ty 35.938 ctod rosorv 43,561 35.938 LIFE5P￿lIG CHURCH NOTES TO THE FINA14CIAL STATEf4ENTS 19. Analysis of net assets be￿een fund9 ne.al Fund ToT￿L e5erye5 Reserves F-.xed aSSets-. l.J/2.638 L.772.636 116.778 276.709 276.309 43,361 43,36L I5GC.OODI I500,0￿) 1,389,4' 6 175.309 43,36L L,7C.S,086 20. Café 12 21. Non-AdJu#ing POSibaian¢e Sheet event 16 LIFESPRING ¢IIURCH STATEMEè4T OF CASHFLOWS FOK THE YEAR ENDING 31ST DECEMBER 2023 2023 2022 Cash uscd in operèiing 3ctiVliies 145 471 Cash used froffl investing activities .4L6 iio Cash provided by (used in) inYe5ting aLtivities Cash flDw5 Irom financing actiwties Cash used In financing artlVitrÈS 133 441 -58.664 232.989 TOTAL ia5h and cash equivblents at the end Of the year (b) 366 43D 232 989 (al ReconciliatloTh of nEt movement in funds to net cash tlow from activities 2023 2022 Ng,. mcvernop.t In ffj'id5 Ad¢ back de?.-ècld'.-an chdryo lJ3.1:8 77.6?.6 18.V.Lll Decrea5eJ i.TcTrase' I￿ QebtDTr red-.ors 2,395 Met Cash used in operatin9 aL1i¥itie5 Ib) Analysis of cash and cash equivalents 2023 2022 Cash Dt bank a.d In hand Fixed Tcrm rotsi cash and cash equI￿lents 366.43C 232.969 17 INOEPENDENT EYAMIP4ER'S REPORT ON THE AC-OUNT5 report to Ihp. Tru5tpe5 on my examinJiion of 'the accounts ol LifespnDg Church for tie year eTded 31 Detetnber 2023. rtesponsibiltie5 and ￿S1$ of report e dlrertcrs of the comjdny for the pury)ofies of comp2Try IEW,, fndependent examiner's 5tstcrneDt Slncg the QOinJdny5 grD55 Ircome exceeded £250.OOC your exa￿.￿er musi be a member af è bDdv Iiaec '.1. S￿li￿n 145 of the 2011 iavo conp19.tP.O WY ¢xdmlia:.D-. conflrm tnat no Ma*r'ai tratte￿ come :o my atteTtIO? In connècti￿..7 wlth the examlnoLion ?ace'. ITttepend&r.t Eximiperg_td Un',t 2 The BroadOrld[e 5USiness centtP. oslidm VJ¢st Sussex POI9 8NF