LIFE SPRING ROMANIAN FELLOWSHIP
The advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within the London Borough of Harrow and the surrounding neighbourhood, and such other charitable purposes as shall put in practice the Christian faith such as: the prevention and relief of need, hardship and sickness.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £35,893 for the year ended 31 December 2024, with unrestricted funds totaling £117,695. The trustees confirm that reserves are maintained at a level equivalent to between three and six months' expenditure, which they consider sufficient to continue activities in the event of a significant drop in funding. The charity is prepared on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Trustees
- Daniel Ursaciuc
- Emanuel Ionel Radan
- Mihai Radulea
- Sorin Curtean
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £72k | £36k |
| 31/12/2023 | £50k | £49k |
| 31/12/2022 | £37k | £43k |
Common questions
Is LIFE SPRING ROMANIAN FELLOWSHIP financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £35,893 for the year ended 31 December 2024, with unrestricted funds totaling £117,695. The trustees confirm that reserves are maintained at a level equivalent to between three and six months' expenditure, which they consider sufficient to continue activities in the event of a significant drop in funding. The charity is prepared on a going concern basis with adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.