2025-01-31-accounts

COMPANY REGISTRATION NUMBER: 09939233 CHARITY REGISTRATION NUMBER: 1173592

SPRING OF LIFE MINISTRY Company Limited by Guarantee Unaudited Financial Statements

31 January 2025

JAVY AND CO LTD

Chartered Certified Accountants 127 Sewell Road London SE2 9DH

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Financial Statements

Year ended 31 January 2025

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	4
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Statement of cash flows	8
Notes to the financial statements	9
The following pages do not form part of the financial statements
Detailed statement of financial activities	18
Notes to the detailed statement of financial activities	19

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 January 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2025.

Reference and administrative details

Registered charity name SPRING OF LIFE MINISTRY Charity registration number 1173592 Company registration number 09939233 Principal office and registered 14 Benson Close office Hounslow TW3 3RA United Kingdom

The trustees

Rev Mark Kumah Boateng Mrs Cheryl Emma A Boateng Mr Johnson Akpebu Independent examiner Mr Johnson Akpebu - FCCA, MBA(Fin) 127 Sewell Road London SE2 9DH

Structure, governance and management

The Charity was incorporated as a company limited by guarantee on 06 January 2016 and is governed by an Articles and Memorandum of Association.

Appointment of trustees was initially by recommendation of the elders of the church and then approved by the church members.

Activities organised in furtherance of the objects include regular Sunday church services, religious conventions, seminars, and the training workshops.

Objectives and activities

The main objects of the charity are the advancement of the Christian faith, relief of sickness, poverty, and the advancement of education in accordance with Christian principles.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

- 1 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 January 2025

Achievements and performance

During the financial year, apart from the normal church services, the following special programs and activities were organised:

1. Donations to Orphans - 16th February 2024

2. Father's & Men's Day celebration service - 16th June 2024

3. Atmosphere of Worship Sunday - 24th June 2024

4. Transformational conference - 23rd July 2024

5. BBQ Party and Games - 7th September 2024

6. Leadership Seminar - 22nd September 2024

7. Baby Dedication Service - 19th January 2025

8. Interactive Bible Studies involving all the catchment areas.

9. Prayer and worships

10. 10.Communion

11. The Church has created a Building Fund account (restricted accounts towards the goal of acquiring our own building in the future.

Financial review

The total incoming resources increased by 40.25% (£16,823) to £58,611 in 2025 as compared to £41,788 in 2024.

The total resources expended decreased by 13.32 (£7,095) to £46,153 in 2025 as compared to £53,248 in 2024.

The overall effect resulted in a net surplus of £12,458 in 2025 as compared to surplus £11,460 in 2024.

- 2 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 January 2025

Plans for future periods

Our plans for the coming year are great. We intend to do the following:

1. To increase membership and church attendance

2. To develop a strong inter-denominational church embracing all faith and people from any country – multicultural church

3. To practically increase our presence in the local community by involving them in our programs and activities

4. To Continuously develop a vibrant and Godly Youth ministry

5. To equip Believers to be more rooted and grounded in the Word of God

6. To reach out and to disciple the unsaved for Christ

7. To start saving towards acquiring Church Building

8. To start saving towards acquiring Church Van

Reserves Policy

The trustees recognise the need to maintain reserves.

Unrestricted funds are needed to cover the day-to-day administration and support costs of the charity and also to have funds available for specified projects in the future should the need arise. The current unrestricted reserve for 2025 is £40,022 as compared to £18,147 in 2024.

Risk Management

The major risks to which the charity is exposed have been identified as the safeguarding the assets of charity and ensuring funds are applied for charitable purposes. Systems and strategies have been put in place to mitigate these risks. Income and expenditure are monitored through the setting of budgets which are compared with actual figures.

The trustees' annual report and the strategic report were approved on 16 October 2025 and signed on behalf of the board of trustees by:

Rev Mark Kumah Boateng Trustee

- 3 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of SPRING OF LIFE MINISTRY

Year ended 31 January 2025

I report to the trustees on my examination of the financial statements of SPRING OF LIFE MINISTRY ('the charity') for the year ended 31 January 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements 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.

Mr Johnson Akpebu - FCCA, MBA(Fin) Independent Examiner

127 Sewell Road London SE2 9DH

- 4 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 January 2025

			2025		2024
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	58,611	–	58,611	41,749
Investment income	6	–	–	–	39
		────────	────	────────	────────
Total income		58,611	–	58,611	41,788
		════════	════	════════	════════
Expenditure
Expenditure on charitable activities	7,8	46,153	–	46,153	53,248
		────────	────	────────	────────
Total expenditure		46,153	–	46,153	53,248
		════════	════	════════	════════
		────────	────	────────	────────
Net income/(expenditure)		12,458	–	12,458	(11,460)
		════════	════	════════	════════
Transfers between funds		9,417	(9,417)	–	–
		────────	───────	────────	────────
Net movement in funds		21,875	(9,417)	12,458	(11,460)
Reconciliation of funds
Total funds brought forward		18,147	23,300	41,447	52,907
		────────	────────	────────	────────
Total funds carried forward		40,022	13,883	53,905	41,447
		════════	════════	════════	════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 16 form part of these financial statements.

- 5 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Statement of Financial Position

31 January 2025

		2025	2024
	Note	£	£
Fixed assets
Tangible fixed assets	13	4,302	3,738
Current assets
Debtors	14	62,975	60,898
Cash at bank and in hand		16,881	13,124
		────────	────────
		79,856	74,022
Creditors: amounts falling due within one year	15	1,500	1,200
		────────	────────
Net current assets		78,356	72,822
		────────	────────
Total assets less current liabilities		82,658	76,560
Creditors: amounts falling due after more than one year	16	28,753	35,113
		────────	────────
Net assets		53,905	41,447
		════════	════════
Funds of the charity
Restricted funds		13,883	23,300
Unrestricted funds		40,022	18,147
		────────	────────
Total charity funds	17	53,905 ════════	41,447 ════════

For the year ending 31 January 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The statement of financial position continues on the following page.

The notes on pages 9 to 16 form part of these financial statements.

- 6 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of trustees and authorised for issue on 16 October 2025, and are signed on behalf of the board by:

Rev Mark Kumah Boateng Trustee

The notes on pages 9 to 16 form part of these financial statements.

- 7 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 January 2025

	2025	2024
	£	£
Cash flows from operating activities
Net income/(expenditure)	12,458	(11,460)
Adjustments for:
Depreciation of tangible fixed assets	1,434	1,246
Other interest receivable and similar income	–	(39)
Interest payable and similar charges	343	105
Accrued expenses	300	200
Changes in:
Trade and other debtors	(2,077)	9,425
	────────	────────
Cash generated from operations	12,458	(523)
Interest paid	(343)	(105)
Interest received	–	39
	────────	────
Net cash from/(used in) operating activities	12,115	(589)
	════════	════
Cash flows from investing activities
Purchase of tangible assets	(1,998)	(1,390)
	────────	───────
Net cash used in investing activities	(1,998)	(1,390)
	════════	═══════
Cash flows from financing activities
Proceeds from borrowings	(6,360)	(5,707)
	────────	───────
Net cash used in financing activities	(6,360)	(5,707)
	════════	═══════
Net increase/(decrease) in cash and cash equivalents	3,757	(7,686)
Cash and cash equivalents at beginning of year	13,124	20,810
	────────	────────
Cash and cash equivalents at end of year	16,881	13,124
	════════	════════

The notes on pages 9 to 16 form part of these financial statements.

- 8 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 14 Benson Close, Hounslow, TW3 3RA, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

- 9 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

- 10 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2025

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% reducing balance Equipment - 25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

- 11 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2025

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The Charity is limited by guarantee.

5. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Donations
Donations and Tithes	43,853	–	43,853
HMRC Gift Aid	11,587	–	11,587
Building Funds	3,171	–	3,171
	────────	────	────────
	58,611	–	58,611
	════════	════	════════

- 12 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2025

5. Donations and legacies (continued)

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
Donations and Tithes	29,932	–	29,932
HMRC Gift Aid	8,517	–	8,517
Building Funds	–	3,300	3,300
	────────	───────	────────
	38,449	3,300	41,749
	════════	═══════	════════

6. Investment income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Bank interest receivable type	–	–	39	39
	════	════	════	════
Expenditure on charitable activities	by fund type
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Charitable Activities	37,062	37,062	44,188	44,188
Evangelism & Programs	5,275	5,275	6,009	6,009
Support costs	3,816	3,816	3,051	3,051
	────────	────────	────────	────────
	46,153	46,153	53,248	53,248
	════════	════════	════════	════════

7. Expenditure on charitable activities by fund type

8. Expenditure on charitable activities by activity type

		Activities
		undertaken		Total funds	Total fund
		directly Support	costs	2025	2024
		£	£	£	£
	Charitable Activities	37,062	–	37,062	44,188
	Evangelism & Programs	5,275	–	5,275	6,009
	Governance costs	–	3,816	3,816	3,051
		────────	───────	────────	────────
		42,337	3,816	46,153	53,248
		════════	═══════	════════	════════
9.	Net income/(expenditure)
	Net income/(expenditure) is stated after	charging/(crediting):
				2025	2024
				£	£
	Depreciation of tangible fixed assets			1,434	1,246
				═══════	═══════

- 13 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2025

10. Independent examination fees

	2025	2024
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	1,500 ════	1,200 ═══════

11. Staff costs

The average head count of employees during the year was 3 (2024: 4). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Number of staff	3	4
	════	════

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees

13. Tangible fixed assets

	Fixtures and
	fittings	Equipment	Total
	£	£	£
Cost
At 1 February 2024	–	9,936	9,936
Additions	1,998	–	1,998
	───────	───────	────────
At 31 January 2025	1,998	9,936	11,934
	═══════	═══════	════════
Depreciation
At 1 February 2024	–	6,198	6,198
Charge for the year	500	934	1,434
	───────	───────	────────
At 31 January 2025	500	7,132	7,632
	═══════	═══════	════════
Carrying amount
At 31 January 2025	1,498	2,804	4,302
	═══════	═══════	════════
At 31 January 2024	–	3,738	3,738
	═══════	═══════	════════
Debtors
		2025	2024
		£	£
Other debtors		62,975	60,898
		════════	════════

14. Debtors

- 14 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2025

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,500	1,200
	═══════	═══════
Creditors: amounts falling due after more than one year
	2025	2024
	£	£
Bank loans and overdrafts	28,753	35,113
	════════	════════

16. Creditors: amounts falling due after more than one year

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
		At				At
	1 February	20				31 January 2
		24	Income	Expenditure	Transfers	025
	£		£	£	£	£
General funds	18,147		58,611	(46,153)	9,417	40,022
	════════		════════	════════	═══════	════════
		At				At
	1 February	20			31 January 20
		23	Income	Expenditure	Transfers	24
	£		£	£	£	£
General funds	32,907		38,488	(53,248)	–	18,147
	════════		════════	════════	════	════════
Restricted funds
		At				At
	1 February	20				31 January 2
		24	Income	Expenditure	Transfers	025
	£		£	£	£	£
Restricted Fund	23,300		–	–	(9,417)	13,883
	════════		════	════	═══════	════════
		At				At
	1 February	20			31 January 20
		23	Income	Expenditure	Transfers	24
	£		£	£	£	£
Restricted Fund	20,000		3,300	–	–	23,300
	════════		═══════	════	════	════════

- 15 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2025

18. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2025
	£	£
Tangible fixed assets	4,302	4,302
Current assets	79,856	79,856
Creditors less than 1 year	(1,500)	(1,500)
Creditors greater than 1 year	(28,753)	(28,753)
	────────	────────
Net assets	53,905	53,905
	════════	════════
	Unrestricted	Total Funds
	Funds	2024
	£	£
Tangible fixed assets	3,738	3,738
Current assets	74,022	74,022
Creditors less than 1 year	(1,200)	(1,200)
Creditors greater than 1 year	(35,113)	(35,113)
	────────	────────
Net assets	41,447	41,447
	════════	════════

19. Analysis of changes in net debt

			At
	At 1 Feb 2024	Cash flows	31 Jan 2025
	£	£	£
Cash at bank and in hand	13,124	3,757	16,881
Debt due after one year	(35,113)	6,360	(28,753)
	────────	────────	────────
	(21,989)	10,117	(11,872)
	════════	════════	════════

- 16 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Management Information

Year ended 31 January 2025

The following pages do not form part of the financial statements.

- 17 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 January 2025

	2025	2024
	£	£
Income and endowments
Donations and legacies
Donations and Tithes	43,853	29,932
HMRC Gift Aid	11,587	8,517
Building Funds	3,171	3,300
	────────	────────
	58,611	41,749
	────────	────────
Investment income
Bank interest receivable type	–	39
	────	────
	────────	────────
Total income	58,611	41,788
	════════	════════
Expenditure
Expenditure on charitable activities
Rent	9,200	9,328
Repairs and maintenance	711	1,655
Insurance	204	160
Other motor/travel costs	1,935	3,858
Legal and professional fees	1,540	1,200
Telephone	156	193
Other office costs	749	1,150
Depreciation	1,434	1,246
Other interest payable and similar charges	343	105
Advertising and Publicity	577	2,380
Honorarium	2,475	4,460
Hospitality	10,034	11,513
Donations	16,795	16,000
	────────	────────
	46,153	53,248
	────────	────────
	────────	────────
Total expenditure	46,153	53,248
	════════	════════
	────────	────────
Net income/(expenditure)	12,458	(11,460)
	════════	════════

- 18 -

SPRING OF LIFE MINISTRY

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 January 2025

	2025	2024
	£	£
Expenditure on charitable activities
Charitable Activities
Activities undertaken directly
Direct charitable activity - rent	9,200	9,328
Direct charitable activity - repairs & maintenance	711	1,655
Direct charitable activity - insurance	204	160
Direct charitable activity - other motor/travel costs	1,935	3,858
Direct charitable activity - Website and Telephone	156	193
Direct charitable activity - Musicians	250	650
Direct charitable activity - Advertising and Publicity	327	1,500
Direct charitable activity - Honorarium	2,250	4,200
Direct charitable activity - Hospitality	5,234	6,644
Direct charitable activity - Donation and Welfare	16,795	16,000
	────────	────────
	37,062	44,188
	────────	────────
Evangelism & Programs
Activities undertaken directly
Direct charitable activity - Printing Postage and Stationery	250	880
Direct charitable activity - Evangelism and Program	225	260
Direct charitable activity - Pastoral allowance	4,800	4,869
	───────	───────
	5,275	6,009
	───────	───────
Governance costs
Governance costs - accountancy fees	1,500	1,200
Governance costs - legal and other professional fees	40	–
Governance costs - Gift Aid Administration	499	500
Governance costs - depreciation	1,434	1,246
Governance costs - other finance costs	343	105
	───────	───────
	3,816	3,051
	───────	───────
	────────	────────
Expenditure on charitable activities	46,153	53,248
	════════	════════

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