Charfty number: 1160962 LIFESPRING TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
UFESPRING CONTENTS Page Reference and adminlstrat5ve dgtails of th8 Charlty, Its Trustees and advlsers Trustees. rert Independent auditors, report on the financial statements 10-13 Statement of flnanclal actlvltlos 14 Balance shèet 15 Stattmgnt of cash flows 16 Notes to the flnanclal statèments 17-31
LIFESPRING REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 202$ Trusteès fiftrs Michaela Sargeant, Chair Mrs Hannah Viel Mr Jonathan Winlermeyer Mr Clive Woodman (resigned 11 March 20251 Mr Jonathan Sheldon. Treasurer Mr Daniel Young (resigned 26 January 20261 Mr Nathan Bloch {appoinled 26 January 20261 Charlty ragistered number 1160962 Prfnclpal otnce Drill Hall Denne Road Horsham We51 Sussex RH12 1JF Independent audltor5 Baldw"n Scofield Ltd Charted accountants Statutory auditors 3 Newhouse Bugness Centre Old Crawley Road Horsham West Sussex RH12 4RU Bankorn HSBC UK plc 6 West Street Horsham West Sussex RH12 1PE Cambridge & Counties Bank 58 New Walk Leicester LE16TE Sollcltors Anthony Collins Stsliators LLP 134 Edmund Street Bimiingham B3 2ES Page 1
LIFESPRING TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2026 The Trustees present their annual report together wlh the audited finanryal statements of the Charity for the 1 September 2024 10 31 August 2025. The Tnjslees confimi that the Annual report and financial 51alements of the charitable incorporated Drganisaty'on comply with the current statutory requirements, the requirements of the charills governing document and the provisions of the Statement Df Reeommended Practice ISORPI applicable lo charities preparing their a¢Uts in accordance with the Financial Reports"ng Standaid applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Objectives and acuvltlos • Polici•s and objectives The Obj'ect of the CIO is, for the public benefit, the advancement of the Christian faith in accordance wlth the Slalement of Fa(th in Horsham, West Sussex and in such other parts of the United ngdoM and the worfd as e ¢harty Iruslees may from lim8 10 lime decide. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benefit". running a charity IP821'. Strategles for achievlng obJeGtive5 Our Vlslo 'Love God, Love People, Love Horsham, is the updated vision statement for Lrfespring launched In January 2019 lo reftect that we are community of people from every walk of life who are shaped by the love and presence of God. Our passion is lo see every individual, whatever their age or social standing, knowing their individual identity. living to their fvll polentlal and expressing the love, joy and power of God's kingdom wherever they are. How our vislon delivers value to the publlc The Trustees have considered the Charity Commission's guidance on providing public benefit. For us, the Christian faith is not just about words, but also about action. So. our faith need5 an outward expression - most notably in loving other people and caring holistically for their welkbeing, reflecting a God who loves wholly and unconditionally, The services we prowde ar? of benefit lo those who access them, regardless of whether they go on t¢ become Christians themselves. We believe that providing such services are of benefit to the individual and lo soaety. Page 2
LIFESPRING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 202S Objo¢tives and activities l¢ontlnuedl • Actlvities und•rtaken to achleve objectives Worship and Tèaching Worshipping God is an integral part of Christianity and a focal point to corporate gatherings. We are p8s5ionale about educating our members and visitors in theology and the practical ouhNDrking of the Christian faith. Evangell$m We believe Ihal the gospel of Jesus Christ is good news for our friends, family, neighbours, community, country and our worfd. 8s evangelical Christians, we are passionate about sharing that with everyone in an unpre55ured way. We ale keen lo see others come into relationship with Christ and so our evangelism plays an integral part in Church life. Pastoral Care We believe that, as a church family, we are called to live lrfe together, actively promoting each othevs well-being and spiritual growth. So, we encourage our members lo meet regulafly in each olherfs homes, We know loo that Chrislianty is a cgnlinual joumey and try lo address the life controlling pastcfal needs of those in our church community through activities and courses. As a multi%enerabonal church, we want to ensure that every member or guest- no matter their age or family mak&up- is valued and encouraged to grow in their Christian faith. Communlty Lrfespring also offer the followng activitiès and courses that are available to members and the local community as required". Parenting Children Course • Parenting Teenagers Course . Pre-maniage Preparation • Marriage Course • CAP (see Community Invotvementi. • Staff and voluntee Staff appointments are agreed by the Trustees in consultation with the spiritual leadership of Lrfespring. Without a dedicated team of volunteers. we would not be able to rnget our objectives so we are depèndent on members of the churth who give semessly of their time in our various activth'es throughout the week. Page 3
LIFESPRING TRUSTEES. REPORT ICONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and perfornian¢• • Maln achlevements ofthe Charfty We have six core values al Lifespring, whith help us live out what we believe and become what we're created lo be. Each one is r¢)Oted in Jesus, teachings. He said he came lo bring us life in all ((s fullness, whether that's in hew we relate to one another, h¢)w we use our time and money or what we give our lives lo pursuing. These values are". Authgnlic Followers- Leaming lo live like Jesus Generosty- Living generously in every part of life Kingdom Advance- Partnering with God's purpose for the worfd Mission - Introducing Jesus lo those who don t know him Family- Connected lo the Father and committed to one another Encounter- Experiencing the God who knows us and pursuing relationship with him • Key perfomiance IndlcatOf5 The Senior Leadership Team have established a series of perfomance indicators to monitor performance ensuring that we are fulfilling our strategies in line with r>ur vision, core values and public benefit. We a150 undergo periodic review by peer apostolic and prophets"c ministries and our relationships refiect this. There is a regular review of how the church is fulfilling ils charitable objectives. The statistics recorded serve to determine the impact of an activity. particularly in delivering public benefit and as a reflection of our core values. The review is centred aroufid how well the church's ath'vities empha515e our core values and this is also the basis on %thich the continuance of an activity comes into diswssion. Page 4
LIFESPRING TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and porformance Icontinuèdl Review of activrtles We are confident that each of the adivities described below are of particular benefit and match well against our core values of Authenkn"c Followers, Generosity, Kingdom Advance, Mission, Family and Encounter and our overall vision tD Love God. Love People. Love Horsham. Building sale and purchase In July 2025, we purchased the Drill Hall, Horsham from the local district Council for the price of £650,000 to become OLJr central base, Sunday meeting venue as well as a rentable community venue for the local area. As part Df the purchase, we sold our midweek venue, Jubilee House for £1.3million. Vvhilst being a significantly larger premises than Jubilee House, the Drill Hall is going to require a 5ignific3nl level of investment. The trustees have delegated the Drill Hall renovation project to a dedicated buildings team, consisting of members of the thureh wth experience and skill In ljuildings and renovations. Sunday seNlces The church meets together weekly on Sundays for worship and leaching. Meetings are open to the public. Al are welcomed whatever their belief. There is a full children's work provision, catering from ages 0-18 years old alongside the main meeting. There are refreshments following the service. The att&ndanc& of Sunday servic8S is 12-month rolling average of 181 {for year Sep 2024 - Aug 20251, increased from 169 in 202312024. At these services Ihele is enUrageMenI from the plaffomi lo join Sunday evening prayer meetings, sign up to small groups and engage with other areas of thurch lifg. Evangelism Lifespring aims lo share the Ghristian faith through our services, personal friendships, courses, being involved with the community and various events. Examples, where permitted, of this are-_ o Chnslmas Carol service1286 in person) o Easter service1249 in person} o Apha Course18 week video Course introduction to the Christian failh induding a meal) o Small groups meeting mi¢>week o Youth actiwti8s (our yDulh meet regularly on a Friday evening as well as have their ¢)wn Sunday gathering and enjoy a trip to an annual camp Newday. Average 30 attènd Fridays, wth similar numbers attending Sundays) o Supply of various courses as the need arises leg. parenting children, parenting teenagers, recovering from addith"on, marriage guidance, recovering from divorcelseparationl. The range of activtheslcourse8 facilitated is based on community need and do not necessarily all tak& place in one year, Communty involvement Lifespring has a commilmènl to practically serve the wider communty locally, nationally and globalty- There ar8 a number of w8ys this is outsvorked. primarily through finanaal contributions to our partners.. o Oasis crisis pregnancy o Streellighl- support to those in prostilulion, at risk of sexual exploitation or being trafficked o Lifespring provides programmes under the CAP organisation providing debt advice. o Lifespring Panty - a food bank style setup which uses donations of foodldrink items to create hampers for people in need. D Horsham Matters Food Bank. o A fund was availak4e to provide extra help paying for uiilities and food for church member5 and for those in the community. o Christmas hampers for those in need in our local community. o Continuing relationship with Dayspring Church in Kllwe. Zambia and responding to general and specthc need5 as part of our support in that relationship. o Supporting Jubilee+ as a church partner. Jut41ee + èmpower churches across the UK to care for the Fwr in their local communiti8S. e Partnered with Christeentral to plant churches and athance the gospel across the UK and globally. Page 5
LIFESPRING TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and perfomianeè Icontlnuedl • Fundraising activltles and income generation The church raises ils funds from members of the church. Income is also derived from the activities of the church attended by members. While all are welcome to the aclivilie5 of the church it does not raise funds from the general public, As a result the charity does not actively fundraise or engage anyone in that capacity and so does not need to ctsmplywth policies aimed al protecting vulnerable members of the public. • Invastment policy an(1 performance No investments held. Financlal revlew • Going concorn After making appropriate enquiries. the Trustees have a reasonable expectslion that the Charity has adequ81e resources to continue in operats.onal existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial 51alemenls. Further details regarding the adoptson of the going concern basis can be found in the a¢unting pollcies. • Re$ebve5 pollcy The Trustee$ consider it prudent lo have general cash reseNes equivalent to 13 weeks expenditure as an objèctive. The 202412025 budget was Ilexed during the year in the expectatt.on that the 13 week cash resetve threshold would not be breached and al the year end the cash reserves were in excess of 13 weeks expenditure. The Trustees are confident thBI the level of donations and other income svill continue to support the actrvibes of the charity. • Princlpal Asks and uncertainti•s The Trustee5 have developed a'risk map. to assess and manage risk which is reviewèd periodically, and where appropriate policies and guidance are published. In addition. risk assessment5 are conducted on a rotstion81 basis on all key areas and acb"wties by a Risk Management Commrtiee constituted lo support the trustees in the management of risk. The Tnjslees are satisfied that appropriate systems are in pla¢8 to manage. monitor and mitigate the church's exposure to major risks. As a result of the Covid pandemic additional risk assessments have been undertaken and specific policy guidan develryed lo mitigate this addibonal risk In addition, Safeguarding or other incidents are rewrted to the trustees and appropriate referral made where necessary. For this financial year there were no inadenls requiring escalation lo the Charty Commissioners. • Flnanclal revlèw and results During this financial year 76% 12024.. 58Yol of income came from regular voluntary donations and associated income lax recovery under the 'gift aid" scheme. The remaining 24Vo (2024. 42%) of income came from other acts"vities and once off gift day appeals. The piincipal areas of expendibjre were staff costs,. premises costs and support for churth-based activities in the Hor5harn area and nationally. In addition, 10% {2024.' 120A) of income has been given away to extemal individuals, organlsations with complementary obj&cts'ves and other charities. At the balan sheet dale the general reseNe stood at £893k12024= £227k). Page 6
LIFESPRING TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structure. governance and management • Constitution Lifespring Is a registered ch8ri1y, number 1160962, and is constituted under a CIO constitution. • Methods of appolntment or election of Trustees Trustees are appointed for a tem of three years by a resolution passed al a properly convened meeting of the ¢harity trustees. In seleth'ng indrviduals for appointment as charity trustees, th& charity trustees must have regard lo the skills, knowledge and experience needed for the effective administration of the CIO. All charity trustees must subscribe and adhere lo. in belief and lifeste, the Statement of Faith. • Organisational Structure and decision4naklng polleles The spiritual govemment and leadership of the Church fr)r the purposes of which the CIO has been established shall remain the Spiritual Leadership and lo the extent to which the charity trustees are not synonymous wlh the Spiritual Leadership their powers shall be confined lo the proper management and administration of the CIO in accordance the provisions of this Constitution and in ftJrther8nce of the Objects and in so doing they shall have full and proper regard to the Spiritual Leadership provided always that they shall not a¢X outside their powers as conferred by this ConstrtLrtion and by general law. Any relevant rtems from th8 Ch¥ity Commis&on are distributed vla email. induding the wider lessons from Inquiry Reports. These are induded to help train, devglop and maintsin the eompetence of the Trustees and deliver good governan of the CIO. Policies adopted for the inductlon and Iralnlng of Trusteas The charity trustees will make avallable lo each new charsty trustee. on or before his or her first appointment.. . a copy of this constitution and any amendments made to it., and ' a Copy of the CIO'S latest Trustees. Annual Rep)rt and ststemenl of accounts., and . relevan* Charrty Clynmission published guidance • Pay pollcy for key management personnol Employment tems and conditions, induding remuneration, are considered by a suk>committee of trustees that makes recommendation to the wder trustee for derjsion %thich exdudes any staff members who are tnjslees thereby avoiding any conflict of interest. Compensation levels are assessed annually and benthmarked extemalty from th'me lo time against comp8rable job roles requiring wmilar skills and experienco. R8latsd paity relationships We are part of the NeIontierS family of churches. Undem83th the Newfrontiers umbrella, we are a part of Christcentral, a group of churches connected together through relationship. served by a number of aposloli teams, who aim to equip churches to raise picfieering disuples Ihal see God's kingdom fill the earth. • Financlal risk management The Truste6s have assessed the major risks to which the Charity is expose(J, in particular those relatèd lo the operations and finances of the Charity. and are satisfied that systems and procedures are in Pla to mth'gale exposure to the major risks. Page 7
LIFESPRING TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Plans for future porfods In the opinion of the Trustees the CIO has had a successful year in challenging circumstances brought abo by the Covid pandemic. Future plans wll need lo be considered in th& light of govemment guidance and restrictions. Members, Ilability The Member8 of the Charty gu8ranlee lo contribute an amount not exceeding £1 to the assets of the Charlty in the event of winding up. Statement of Trustses, responsibllltlgs The Trustees are responsible for preparing the Trustees, report and the finanGial slalements in accordance applicable law and United 'ngdoM Accounb'ng Standards (United Kingdom Generally Accepted Accountsng Praclicel. The law applicable to charities in England & Wales requires the Trustse5 to prepare financial statements for each financial which give a Irue and fair view of the stale of affairs of the Charrty and of Its incoming resources and application of resources, induding its income and expenditure, for that period. In prepartng these financial statements, the TTU5tees are required to.. select 5uilable accounting policie5 and then appty them consislenlly. observe the niethods and prinuples of the Charities SORP IFRS 1021., make judgments and accounting eslimale5 that are reasonable and prudent., stste whether apIcable UK Accounting Standards {FRS 1021 have been followed, sublect to any materfal departures disclosed and explained in the financial 8talemenls-, prepare the financial stslemenls on the going concem basis unless it is inappropriate to presume Ihat the Charity wll conb'nue in business. The Trnstees are responsble for keeping adequate accounting records that a sufflclent to show and explain the Charitys Iransacts'ons and disdose wrth reasonable accuracy al any time the financial posib.on of the Charity and enable them to ensure that the finanual 81alements comply wth the Chaiilies Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO constitution. They are also responble for safeguarding the assets of the Charity and hence for laking reasonable steps forthe prevention and detection of fraud and other irreg¥Jlariti&s. DClOsUre of Infomiatlon to audltors Each of the persons who are Trustees at the time when this Trustees, report Is approved has confimied trtat.. so far as that Truste8 15 aware, there is no relevant audit information of vthich the charity's auditors ar& unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit infomiation and lo establish that the chartys auditors are aware of that information. Page 8
LIFESPRING TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Auditorn The auditQf5 Bakjwn Scoffeky Lld ha¥e Indated l)eir *illingnesS to continue in olfice The desNJnated Tfuslees wi51 propose a mlion reappointing Ihe auditors at a rrfeiing of Ihe Trustees Approved by order ol Ihe nEmbers of the boaftl of frustees on 24 Junè 2026 aThJ swned on their tehalf by onathan Sheldon Treasurnr Page g
LIFESPRING INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF LIFESPRING Opinion We have audited the financial statements of Lifespring Ilhe 'charitable InrpOrated organisation'l for the year ended 31 August 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, Induding a summary of significant aGGounling policies. The financial reporting framewcjrk that has been applied in their preparation 15 applicable law and Uniled Kingdom Accounting Standards, Including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irdand. (United Kingdom Generally Accepted Accounting Practy'cel. The financi81 statements have been prepared in accordance with Accounting and Reporting by Charibes preparing their accounts in accordance wlh thè Financial Reporting Standards applicable in the UK and Republi of Ireland IFRS 1021 in preference lo the Accountrng and Reporting by Charities.. Slalement of Recommended Pracb'ce issued on 1 April 2005 whith is relerred to in the extant regulations bul has been wthdrabvn. This has been done In order for the accounts lo wovide a and fair view in accordance with the Generally Aepted Accounting Practice effective for reporting periDds beginning on or aftor 1 January 2015. In our opinion the financial $talemenls'. give a tme and fair view of the stale of the charitys affairs a$ al 31 August 2025 and of rts incoming resources and application of resources for the year then ended., have been properly prep8red in accordance with United Kingdom Gener811y Accepted Accounting Practice,- and have been prepared in accordance wlth the requirem8nts of the Charities Act 2011. 8a$i$ for oplnion We conduded our audit in accordance with Intemational Standards on Auditing {UKI1ISAs IUKII and applicable law. Our responsibilib.es under Ih05e standards are further described in the Auditors, responsibilities for the audit of the tlnancial slalements section of our report. We are independent of the tharity in accordance wth the ethical requirements that are relevant to our audit of the finanaal statements in the United Kingdom, including the Finanual Reporting Council's Ethical Standard. and we have futhlled our other ethical responsibilities in accordance vmlh these requirements. We believe Ihal the audit eviden we have obtsined is suffiaent and approwate lo provide a basis for our opinion. Con¢lu5ions rolatlng to golng eoncem In auditing the financial statements, we have concluded that lh& Trustees, use of the going concem basis of accounting in the preparation of the financial stslements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relaty'ng lo events or condrtions that, individually or collects'vely, may cast significant doubl on the charitys ability lo continue as a going concem for a perl¢xI of at least twelve months from when the financial statements are authorised for i5SUe. Our responsibilities and the responsibili1108 of the Trustees with respect to going concgrn are described in the relevant sections of this report. Page 10
LIFESPRING INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF LIFESPRING ICONTINUEDI Oth8r Information The other information comprises the infomiation included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other information contained wthin the Annual report. Our opinion on the financial slaternenls does not cover the other information and, except lo the extent olhetwise expliciuy slated in our report, we do not express any forni of assurance conclugon thereon. Our responsibility is lo re8d the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial slalemenls or our knoedge obtained in the course of the audit, or otherwise appears lo be materially rnisstaled. If we identy'fy such materi81 inconsistencaes or apparent material misstatements, we are required to delemline whether this gives rise lo a material misstatement in the financial ststemenls themselves. 11, based on the work we have performed, we Conclude that there is a material misstslemenl of this other infomialion, wè are required to report that fact. We have nothing lo repDrt in thi5 regard. Matters on whlch we are requlred to report by •xceptlon We have nothing to report in respect of the followng matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report lo you if. in our oplnion.. the information given in the Tnjslees, report Is Inconsistent in any material respect with the financial ststements., or sufficient accounting records have not been kept., or the financial statements are not in agreement wth Ihe accounting records and returns.. or we have not Teceived all the information and explanations we require for our audit. Responslbllltles of Iru8tees As explained more fully in the Truslee$' responsibilrtles Statement, the Trustees 8re respon&ble for the preparation of the financial statement5 and for being satisfied that they give a true and fair view, and for such internal control as the Trustees detemiine is necessary lo enable the preparation of finanoal statements that afe free from material misststemenl, whether due to fraud or error. In prepar¢ng the finanual statements, the Trustees are responsible for assessing the charitys abilty lo contynue as a going concern, disclosing, as applicable, matt&rs related lo going concem and using the going eoncem basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations. or have no realistic allemative but to do so. Page11
LIFESPRING INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF LIFESPRING {CONTINUEDI AudltoTr' responslbllltles for the audit of the flnancial statements We have been appointed as auditor under section 145 of the Charities Aet 2011 and report in accordance w7th the Act and relevant regulations made or having effect thereunder. Our c)bjectives are lo obtsin reasonable assurance about whether the financial statements as a whole are free from malenal mis51atem8nt. whether due lo fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wth ISA5 IUKI wll always delect a material misslalemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instsnces of non-compliance with laws and regulatsons. We design procedures in line with our responsibilities, outlined above, lo detect material misslalemenls in respect of irregularities, induding fraud. The exienl ID which our proGedure5 are capable of detecting irregularities, including fraud is detailed below.. W& obtsined an understanding of the logal and regulatory frameworks that are applicable to the charty and detemiined that the m051 significant are those that relate to the repOllg frarnework in confomiity with the requirements of the Charities Act 2011 and the relevant dired and indirect tax compliance regulations in the United Kingdom. We understood how the charity is coMpln with those frameworks by making enquirtes of management lo understand how the tharily maintsins and communicates its policies and procedures in these areas and corroborated this by reviewng supporting documentation and minutes of meeb.ngs of those charged wilh govemance. We assessed the susceptibility of Ihe charity's financlal slalements to material misslalemènt, including how fraud might occur by considering the risk of management override to bg a fraud risk. In addition, we considered the risk of management override by sampling from the entire population of journals, i¢Jenlifying specific transactions which did not meet our expectations based on speclf(c criteria and investigated these to gain an under5tsnding and then agree back lo source documentstion. Based on this understanding we designed our audit ProdureS lo identify noncompliance with such laws and regulations. Our procedures involved Ven"n that material transactions were recorded in MplianCe writh Financial Rep¢Jrting Standards in confomity with the requirements of the Charities Act 2011. A fiJrther description of our responsibilth'es for the audit of the finanaal statement5 is located the Financial Reporting Counryl's website at. ww.frc.or .ukJaudilorsres Auditors, report. onsibilities. This description fomis part of OUT Page12
LIFESPRING INDEPENDENT AUDITORS. REPORTTO THE TRUSTEES OF LIFESPRING ICONTINUEDI Use of our report This report is made solely lo the charity's shareholders, as a body, in accordance wlh Part 4 of the Charities cA¢unts and Reportsl Regulalons 2008. Our audit work has been undertaken so that we might state to the charity's shareholders those matters we are required lo stsle to them in an Auditors, report and for no other puipose. To the lullesl extent permitted by law, we do not accept or assume re5pon5ibility lo anyone other than the charity and its shareholders, as a body, for our audit work, for this report, or for the onionS we have formed. Baldwn Scofiold Ltd Chartered accounlanls Slalutory auditors 3 Newhouse BunesS Centre Old CraeY Road Horsham West Sussex RH12 4RU 24 June 2026 Baldwn Scofield Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 13
UFESPRING STATE14fjENT OF FINANCIAL ACTIWTIES FOR THE YEAR ENDED 31 AUGUST 2025 Restricted UnTestrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities Other trading activities Investrnents 126,951 1.86S 453,894 6.462 25,083 6,192 580,845 8.327 26,083 6,192 778,979 17,262 5,205 Totsl Sncome 128,816 491.631 620.447 801,446 Expenditure on., Raising funds Charitable acbvities 22,289 416,091 22,289 534,781 118,690 566,069 Total expend1re 118.690 438,380 557,070 566,069 Net Income TTansfers bettveen funds 10.126 1412,7361 $3,251 412,736 63.377 235,377 17 Net movement in funds before other r8cognlsed gainsl{losse$l 1402.6101 465,987 63,377 235.377 Othèr recognised gainslllosses): Gain on disposal of fixed assets 412.736 412,736 Not movement In lunds 10.126 465,987 476,113 235,377 Reconciliation of funds: Total funds brought fon¥ard Net movement in funds 1,087,995 10,126 226,729 46S,987 1.314.724 476,113 1,079,347 235,377 Totsl funds carried foThvard 1,098,121 692.716 1.790.837 1,314. 724 The Stalernent offinancial activities indudes all gains and losses reccgnised in the year. The notes on pages 17 to 31 form part of these finanual statements. Page 14
LIFESPRING BALANCE SHEET AS AT J1 AUGUST 2025 2025 202 Nole Fix¢d assets Tangible assets Current ssets 13 793.975 834 558 Debtors Cash al bank and hand 14 23.$53 1,004.218 22 227 475. 146 1,027,771 491.373 Currert Ilabllltles Creditots amounts falling within one year 15 130,9091 (1T.207) Ilet ¢urrent ats•ts 991.862 480. 168 Total assets Itss currnnt Ilablllti•¥ 1.7907 1.314, T24 Totsl net ass•ts 1.790.837 1314. 724 Charity fynds Restricled fvnds unr8sle lunds 17 1,091,121 692,716 1.087.995 226, 729 17 Totsl lund 1.790.837 1.314. 724 The finalrtI slateiwits **re approved ar aut1115 for Is5 ty ts Truste95 on 24 June 2026 ar gvjned on their behall Mr Jonath•n Shpldon Treasurgr The notes on pages 17 b 31 (tym part of these hnalual ststefflents. Page 15
LIFESPRING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Ca$h flows from oporatlng actlvltles Net cash used in cperats'ng activitle$ 104,364 259,948 Cash Ilows from Investlng actlvltles Proceed$ from the sale of tangible fixed assets Purchase of tangit4e fixed assets 1.167,693 1743,4471 164,648) Net cash provided byllu$ed inl investlng activiti8s 424,246 164.6481 Cash flows from flnanclng activities Not cash provldod by flnanclng actlvltie$ hange in cash and cash &qulvalents in the year Cash and cash equivalents at the beglnning gf the year 628,610 195,300 474.603 279,303 Cash and cash Èquovalents at th• ond Df tho year 1,003,213 474,603 Tha note$ on pages 17 to 31 form part of these finanual statements Page 16
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Informatlon Lifeswing is a Challlable Incorporated Organisalion registered with the Charity Commission in England & W81es. The charity's registered number and registèred office addsS can be found on the Reference an Administrative detsil$ page. Accountlng pollcles 2.1 Ba818 of preparatlon of flnancial statements The financAal $talement5 have been preparèd in accordance wth the Chadties SORP IFRS 1021- Accounb'ng and Reporting by Charities." Stalefflenl of Recommended Piaclice applicable to charities preparing their accounts in accordance with the Finanaal Repcffts'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard ap1¢able in the UK and RepU1C of Ireland IFRS 1021 and the Charib'es Act 2011. The financial slalements have been prepared lo give a 'true and fair, view and have departed from the Ch8ritses (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a 'lrue and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting ty Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been wlhdrawn. Lrfèspring meets the definits.on of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at histortcal cost or tranSactiC value unless otherwise stated in the relevant acntIng policy. 12 Incom• All income is recognised once the Charity has entitlement to the income, rt is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations recetved under Gift or doeds of covenant is recognised at the time of the donation. 13 Expendltsre Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit to a third paty, il is probable that a transfer of economic beneffts wll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is dassified by actiVTty. The costs of each activity are made up of the total of direct costs and shared costs, inclLtding support costs involved in undertaking each activity. DireGt costs attribuiable to a single activity are allocated directly to that activity. Shad costs which contribute to more than one activity and support costs which are not attributsble to a single acts.vity a apportioned between those actsvilies on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time Spent, and depreciation harges allocated on the portion of the asset's use. Expenditure on charitable activilies is incurred on directly undertaking the activitie5 1th further the Charitys objeth"ves, as well as any assooated support costs. Grant5 payable ar& charged in th8 year when the offer is made except in thosè cases where Ihe offer 15 conditional. such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been rnet at the year end are noted as a commitment. but not accrued as expenditure. All expenditure is indusive of irrecoverable VAT. Page 17
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounllng pollcles Iconllnuedl 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity.. this is nomially upon notificats.on of the inler&st paid or payable by the institution wlh whom the funds are deposited. 2.5 Tangiblo fixed assets and deprecia0 Tangible fixed assets costing £2,500 or more are capitalised and recognised when future economic benefits ale probable and the cost or value of the asset can be measured reliably. During the financial year ending 31 August 2025, the capilali88tion threshold was increased from £2.000 10 £2.500. Tangible fixed assets are initlally recognised 81 cost. After recognition, under the cost model, langible fixed assets are measured al cost less accumulatèd depreciation and any accumulated impaimient losses. Al costs incurred to bring a tangible fixed asset into its intended working condition should be included in the mea5UTement Df cost. Depreciation is charged so as to allocate thè cost of tangible fixed assets less their residual value over their estimated usefijl lives, using the straighl-line method. Depreaation is provided m the fcllowing basis.. Freehcld propety Office equipment Computer equipment other fixed assets 2% strèight line 200/0 straight line 25% straight line 2.6 Debtors Trade and other (Jebtors are recognised al Ihe settlement amount after any trade di8count offered. Prepayments are valued at the amount prepaid nel of any trade discount$ due. 17 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid invoslmenls with a short maturity of three months or less from the dale of acqui5ilion or opening of the deposit or similar accounl. 18 Liabllltles and provlslons Liabilities are recognised %then there is an obligation at the Balan sheet date as o result 01 a past event, it is probable that a transfer of economic benefit will be Tequired in settlement, and the amount of the Settlement can be esb"mated reliably. Liabilities are recognised al the amount that the Charity anticApates it wll p3y to settle the debt or the amount it has received a$ advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation, Where the effect of the lime value of money is material, the provision is based on the present valutt of th05e amounts, discounted at the pre-tax discount rate Ihat refiects the risks specific to the liability. The unwnding of the discount is recognised in the Statement of financial activities as a finan cost. Pag8 18
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 AccountSng pollcies Icontlnugd) 2.9 Financial instruments The Charity only has financial assets and financial liabiliti&s of a kind that qualify as basic financtal inslrumenls. Basic financial instruments are initially recognised al transaction value and sUbSequenY measured al their settlement value wilh the exception of bank loans which are subsequenuy measured at amortised cost using the effective interest method. 2.10 Pensions Th8 Charity operates a defined contriixjtion pension scheme and the penson charge represents the amounts payable by the Charity to the fund in respect of the year. 2.11 Fund accountlng General ftjnds are unrestrlcted fund5 which are available for use al the discrets'on of the Trustees in fiJrtherance of the general objectives of the Charity and 1¢h have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of èach designated fvnd is set out in the notes to the financial $latemenls. Restricted funds are funds which are lo be used in accordance wrth specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. Thè costs of raising and administering such fund5 are charged against the specific fund. The aim and use of each restricted fvnd is set out in the notes to the financial statements. Investment income, gains and Ios5e5 are allocated to the appropriate fvnd. Income frorn donatlons and lega¢le8 Restrictèd Unrnstrictsd funds funds 2026 2025 Total funds 2025 Donations 126,951 453,894 580.845 Rest17Cted UnrestitGted funds funds 2024 2024 Tolal funds 2024 Donats'ons 315,630 463,349 77S,979 Page 19
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from charltablè activities Restrlcted Unrostrlcted lunds funds 2025 2025 Total funds 2025 Conference fees and specific gifts 1,865 6,462 8,327 Restricted Unrgstricted funds lunds 2024 2024 Tot81 runds 2024 Conference fees and specffic gifts 13,579 3.683 17,262 Incom8 from other tradlng a1vItIeS Income from non charitabl• tradlng activities Unrèstricted funds 2025 Total funds 2025 Total funds 2024 Drill Hall Hire Income 25,083 25.083 Investh)ent Income Unrestricted funds 2025 Total funds 2026 Investment income- local cash 6,192 6.192 Unrastricted funds 2024 Total funds 2024 Investment income- local cash 5,205 5.205 Page 20
UFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202$ Analysis of grants Grants to Instltutlons 2025 Totsl funds 2025 Grants for charitable aetivilies 1.865 1.885 Grants to Inslilulions 2024 Total funds 2024 Grants for charitable a¢tivilie$ 56,565 56,565 Analysls of expondlture on charltable actlvltles Summary by fund type Restricted Unrestrlcted lunds funds 2025 2025 Total 2025 Direct costs of ongoing charrtable actiwties 118.690 416.091 534,781 Restricted Unrestiicted funds funds 2024 2024 Total 2024 Direct costs of ongoing charitable activities Dired costs- Temiination payment 86, 778 437,025 42,266 523,803 42,266 86,778 479.291 566,069 Page 21
UFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S AnHlysls of expendlture by actlvlties Actlvltlos undertaken dirèct 2025 Grant fundlng of actlvlties 2025 Support costs 2025 Totsl funds 2025 Dired costs ol ongoing charitable ad'vities 303.673 1,885 229,243 634.781 AGtwitRs undertaken diwlly 2024 Grant runding or activities 2024 Support costs 2024 Total funds 2024 Direct costs of ongoing charitable actwities Direct costs- Temiination payment 366,827 42,266 56.565 100,411 523.803 42,266 409.093 56,565 100,4t I 566,069 Analysls of dlrnct costs Totsl fund$ 2025 Total funds 2024 Staff cDsl$ Temination payment Ministy within Lifespring UK ministry outside Lrfespring Hire of premises Youth expenses 197,808 202,982 42,266 46, 153 60.268 37,381 20,043 24,351 67.694 5.168 18,752 303,673 409,093 Page 22
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expendlture by actlvltles Icontinuedl Analysis of $vpport costs Totsl funds 2025 Total funds 2024 Depreciation Building running costs, move and iefutbi5hment Insurance Bank charges Office costs Govemance costs 13,269 142,196 6.$89 774 44911 21.S04 18, 736 33,297 926 1,054 30.275 16, 123 229.243 f 00.411 10. Audltors. remunèratlon 2025 2024 Fees payable lo the Charitys auditor for the audit of the Charity's annual accounts 5.250 11. Staff costs 2025 2024 Wages and salarfès Sooal Security eosts Contributlon to defined contribuli¢)n pension schemes 176,041 8.750 13.017 181,459 7,871 13,652 197,808 202.982 An ex-gratia terminalicn payment of £42.266 was made during the 2024 financial year which was tsx free. The averag8 number of persons employed by the Charity during thè yearwas as follows.. 2025 No. 2024 No. Elders and administration Page23
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Staff co$t5 (continued) No employee received remuneration amounting to more than £60,000 in either year. 12. Trustees. remuneratlon and expgnses During the year, one or more Trustees andlor their SPOLJses has been paid remuneration or has received other benefits from an employment with the Charty. The CIO constitution permits the employment of tnjstees or them entering a contract for service$ to the charity under clause 7.3 of the constitution. The value of Trustees, remuneration and other benefits was as follows.. 2025 2024 Mr Mome De Jager Remuneration Pen0 contributions paid Fees paid (resigned during 2024 financial yearl Remuneration induding spouse Pensim t"but10n5 pad Remuneration including spouse Pension contributions paid 9,063 908 Mr Matthew Straughlon Mr Jonathan Wintermeyer 69.731 6,338 68,361 5.070 61,878 4, 765 45.420 3.634 Mr D8nlel Young During the year ended 31 August 2025, expenses totslling £15,159 were reimbursed or paid directly to 5 Tnjstees (2024 - £12, 155 10 5 Truslees). These 8xpenses were paid lo trustees as part of their terms of employment and represented amounts paid for telephone costs and other staff expenses. Page 24
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Tanglble flxed assets Freehold property Office equlpment Computer Olher fixed oqulpment assèts Total Cost or valuation At 1 September 2024 Addviions Disposals 536.807 679,374 1925,8791 102,259 64,073 12,186 21.000 1.072,252 743,447 1927.8331 11.9641 At 31 August 2025 690.302 166.332 10.232 21.000 887.866 Depreciation Al 1 September 2024 Charge forthe year On disposals 166.257 7,930 1170.9221 41.567 19,903 8,870 1,240 {1.954) 21.000 237.694 29,073 1172.8761 Al 31 August 2025 3.26S 61.470 8.166 21,000 93.891 Net book value At 31 August 2025 687,037 104,862 2.076 793.975 At 31 August 2024 770,550 60,692 3.316 834,558 14. Debtorn 2025 2024 Due within one year Trade debtors Other debtS Prepayments and accrued income 4.52S 15.578 16,955 5,272 23,553 22.227 Poge 25
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Credttorn.. Amounts falllng due wlthln one year 2026 2024 Bank overdrafts Trade creditors Pen8ion contributions payable Other creditors Accruals and deferred income 1,005 2,268 1,469 T,418 1,240 200 8.349 26.167 30,909 17.207 16. Flnanclal In8truments 2025 2024 Financial assets Finanaal assets measured al fair valu8 through income and expenditure 1.004.218 475, 146 Finanryal assets measured at fair valu? through income and expenditure comprise balances held in banks. Page 26
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Statement of funds Statement of funds- current year Balance at 1 Seplember 2024 Balance at 31 August 2025 Transfers inlout Gainsl {Lossesl Income Expendlture Unrestrlcted funds Deslgnatsd funds Drill Hall fund 412,736 412.736 General funds General fund 226,729 491.631 1438,3801 279.980 Total Unrestrlcted funds 226,729 491,631 1438.3801 412,736 692,716 R8strlctod funds Building fund Specific gifts fund 1.087,995 {19.8681 1736.0931 412,736 745.TlO 3,984 {3.6341 350 Drill Hall refurbishment nd 124.832 196.1881 322.357 362.001 1,087,995 128.816 {118.690) 1412,7361 412.736 1.098.121 Total of funds 1,314,724 620.447 557.0701 412,736 1.790.837 Page 27
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Statement of funds Icontlnuedl Statement of funds - prfor year Balance el I September 2023 Balan al 31 August 2024 Income Expenditu Unrestricted funds General fund 233, 783 472,237 f479,291) 226. 729 Restricted funds Building fund Specific gifts fijnd 842,242 3,322 315,630 13,579 (69,8TTJ (16,901) 1.087,995 845,564 329,209 (86, 778) 1,087.995 Total of funds 1,079,347 801,446 {566,069J t,314, 724 Restricted funds are fvnds which are to be used in aceordance with specific restrictions imposed by donors or which have been raised by the charty for partlcular purposes. The purposes to vthich re81ricted funds are used are as follows.. 8uildlng fund The church specifscally raised funds the purchase of the building and continues lo receive funds for the general running of the premises and future buildlng projects. Zambla school fund The church supports the work of a h0o1 in Zambla and raises funds within the church for specrfic needs, such as their feeding programme, as they arise in that schoc4. Specific gifts fund The chijrth holds from ts.me lo tsme grft days 1¢h raise funds for spe(ific gifts and projeds that the church wshes to support thin and 011h the church. Drill Hall refurbishment fund The surplus funds that were given to the previous building fund have been transferred to a new fund for the refvrbishment of the Drill Hall. Page 28
UFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Summary of funds Summary offunds-currgntyeai Balance at 1 September 2024 Balance at 31 August 2025 Transfers inlout Gainsl ILoss&sl Income Expèndlture Designated lunds General funds Resthcted funds 412.736 412.736 279.980 1.098.121 226.729 1,087,995 491,631 128.816 1438.3801 118.6901 1412.736) 412,736 1.314,724 620.447 1557,070) 412,736 1,790,837 Summary of fund8 - prlor year 8818iice ar I Septembe 2023 Balance at 31 August 2024 Income Expendrfure Genèral funds Restricted funds 233, 783 845,564 472,237 329,209 (479,291) (66. 778) 226, 729 1,087,995 1,079,347 801,446 (566,069) 1,314, 724 19. Analysls of ngt assets between funds Anatysis of net assets bet•men funds- currènt ygar Restricted Unv8stricted funds fund$ 2025 2025 Total funds 2025 Tangible fixed assets Current asse15 Creditors due thin e year 745,770 352,351 48,20S 675.420 (30.909) 793,975 1,027,771 130,909) Total 1.098.121 692.716 1.790.837 Page 29
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Analys1$ of not assets between funds Icontlnued Anatysls of net assets between funds - prfor year Reslriotgd Unreslricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 770,550 317,445 64.008 179,928 (17,207) 834,558 497,373 (17,207) Total 1,087,995 226, 729 1,314,724 20. Reconclliation of net mov*mont In funds to ngt cash flow from operdtlng adivttlos 2025 2024 Nel income for the year {as per Statement of Financial Activities) 63.377 235,3T7 Adjustments for: Depreaalion charges Decreasellincreasel in debtors Increasel(decreasel in creditors 29.074 783 12.696 29,560 4,685 (9,674) Net cash provlded by oporatlng actlvltles 104.364 259,948 21. Analysls of cash and cash equivalents 2025 2024 Cash in hand Overdraft faality repayatle on demand 1.004,218 {1.0051 4T4,603 Total cash and cash equlvalents 1.003,213 474, 603 Page 30
LIFESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 22. Analysts of change5 In net debt Atl Sept&mber At31 2024 Cash flows August 2025 Cash at bank and in hand Bank overdrafts repayable on demand Debt due within 1 year 475,146 529,072 11,005) 1229) 1,004.218 11,0051 11,2401 473.906 527,838 1,001.744 23. P8nslon commitments The charity operates a definèd contribution pension scheme. The a55ets of the scheme are held separately from those of the charty in an independentty administered fund. The pen&on cost charge represents contributions payable by the charity to the fund and amounted to £13,017 (2024 - £13,652) Contiibulions amounting lo £1,46912024- £9121 were payable to the fund at the balance sheet date and are included in creditors. Relatod party transactlons 2025 2024 Donations to the d)arity by ITVStees 59.238 179.521 69.238 179,521 The donations that have been made by the trustees are freely givèn donations with¢yJt any conditions. Page 31