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

LIFESPRING TRUST

Registered charity 296276 · accounts filings on the Charity Commission register · also known as LIFESPRING CHURCH, THE PROSPECT COMMUNITY CHURCH TRUST

LifeSpring Church meets together each week for worship and teaching in pursuit of the objects being the advancement of the Christian religion and other charitable purposes.

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

Latest income
£58k
Latest spending
£611k
Registered
1987
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity is being closed and all assets and liabilities were transferred to Lifespring Church by the end of the period. Per the trustees' report, the charity reported a deficit of £552,492 in 2024, resulting in free reserves of £2,306, down from £552,492 in the prior year.

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

What the accounts disclose

Going concern: accounts NOT prepared on a going-concern basis (closing, merging or winding up)
“I draw attention to the going concern note on page 8 of the financial statements. As stated therein, the Trustees confirm that they intend to close the charity and request it be removed from the Charity Commission register. All assets and liabilities have now been transferred. Therefore the charity is not a going concern.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

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

Trustees · trustee networks

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

Operates in: Reading

Income and spending

Financial year endIncomeSpending
31/12/2024£58k£611k
31/12/2023£91k£100k
31/12/2022£81k£69k
31/12/2021£88k£67k
31/12/2020£148k£70k

Common questions

Is LIFESPRING TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity is being closed and all assets and liabilities were transferred to Lifespring Church by the end of the period. Per the trustees' report, the charity reported a deficit of £552,492 in 2024, resulting in free reserves of £2,306, down from £552,492 in the prior year. Its FY2024 accounts were independently examined.