WATERSPRINGS CHRISTIAN CENTRE
The main activity of the organisation is the propagation of the Christian faith through maintaining and running worship service center for the general public. This is done through general invitation to members of the public to come and participate in Christian worship. In the process care and help is given to needy individuals.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £3,912 for the year ended 31 March 2025, resulting in a decrease in total unrestricted funds from £95,319 to £91,407. Despite this deficit, the trustees confirmed that the charity remains in a position to meet its financial obligations and continue its activities. The charity maintains a reserves policy target of at least three months of unrestricted expenditure, against which the current unrestricted funds of £91,407 are held.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to at least 3 months of unrestricted expenditure.” — page 6
Trustees
- AMA NENE NWOGBU
- Dr EZEKIEL ALAWALE
- Eric Omotehinse Akinloye
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £249k | £253k |
| 31/03/2024 | £205k | £141k |
| 31/03/2023 | £113k | £100k |
| 31/03/2022 | £135k | £129k |
| 31/03/2021 | £132k | £130k |
Common questions
Is WATERSPRINGS CHRISTIAN CENTRE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £3,912 for the year ended 31 March 2025, resulting in a decrease in total unrestricted funds from £95,319 to £91,407. Despite this deficit, the trustees confirmed that the charity remains in a position to meet its financial obligations and continue its activities. The charity maintains a reserves policy target of at least three months of unrestricted expenditure, against which the current unrestricted funds of £91,407 are held. Its FY2025 accounts were independently examined.