Charity Accounts Intelreading the accounts so you don’t have to

NEW SPRINGS UK

Registered charity 1068899 · accounts filings on the Charity Commission register · also known as NEW SPRINGS INTERNATIONAL CHRISTIAN CHURCH

To advance the Christian Faith and to promote community activities

Causes: General Charitable Purposes · Education/training · Religious Activities · website · Get email alerts

Latest income
£566k
Latest spending
£569k
Registered
1998
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £2,875 for the year, resulting in unrestricted net assets of £1,083,302. The trustees noted concerns regarding low free reserves of £15,655 but confirmed the going concern basis remains appropriate. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £16k; policy: between three and six month's expenditure)
“Free reserves shown by these accounts are £15,655 and therefore the trustees are taking action to increase the reserves in line with the policy.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“At the time of approving the financial statements, the trustees have concerns that free reserves are at a low level of £15,655, however the trustees feel that this level can be increased in line with the policy. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: New Springs UK paid Kerf Limited £8,015 in respect of print, design and PR costs. Euan Lockwood, a director of New Springs UK, is also a director of Kerf Limited.
“Euan Lockwood, a director of New Springs UK, is also a director of Kerf Limited. During the year, New Springs UK paid Kerf Limited £8,015 (2023: £2,582) in respect of print, design and PR costs.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£566k
Total spending
£569k
Reserves (reported)
£1.1m
Employees
7

Reported reserves equal ~22.9 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (68% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£566k£569k
31/12/2023£590k£462k
31/12/2022£469k£405k
31/12/2021£468k£326k
31/12/2020£410k£289k

Common questions

Is NEW SPRINGS UK financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £2,875 for the year, resulting in unrestricted net assets of £1,083,302. The trustees noted concerns regarding low free reserves of £15,655 but confirmed the going concern basis remains appropriate. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries. Its FY2024 accounts were independently examined.