NEW SPRINGS UK

Charity number: 1068899
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To advance the Christian Faith and to promote community activities

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£590,402

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Donations and legacies £500.19k
Charitable activities £79.47k
Other trading activities £0
Investments £248
Other £10.50k

Total expenditure:
£462,165

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Raising funds £0
Charitable activities £462.17k
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £462.17k
Retained for future use £128.24k

People

5 Employee(s)

5 Trustee(s)

70 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for being a trustee and providing services to the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Religious Activities
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 27 March 1998: Standard registration
  • 05 April 2017: Funds received from 1056847 MONKWEARMOUTH CHRISTIAN FELLOWSHIP TRUST
Organisation type:
Charitable company
Other names:
  • NEW SPRINGS INTERNATIONAL CHRISTIAN CHURCH (Working name)
Company number:
03502355 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Xinhai Lin Trustee 03 February 2020
PROACTIVE COMMUNITY ENDEAVOURS
Received: On time
RYAN ATKINSON Trustee
PROACTIVE COMMUNITY ENDEAVOURS
Received: On time
EUAN LOCKWOOD Trustee
PROACTIVE COMMUNITY ENDEAVOURS
Received: On time
MR PHIL WEAVER Trustee
PROACTIVE COMMUNITY ENDEAVOURS
Received: On time
NATHAN WEAVER Trustee
PROACTIVE COMMUNITY ENDEAVOURS
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £328.57k £409.57k £468.03k £469.14k £590.40k
Total expenditure £314.50k £288.63k £325.72k £405.12k £462.17k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £43.58k N/A £14.80k N/A
Income - Donations and legacies N/A N/A N/A N/A £500.19k
Income - Other trading activities N/A N/A N/A N/A £0
Income - Charitable activities N/A N/A N/A N/A £79.47k
Income - Endowments N/A N/A N/A N/A £0
Income - Investment N/A N/A N/A N/A £248
Income - Other N/A N/A N/A N/A £10.50k
Income - Legacies N/A N/A N/A N/A £100.00k
Expenditure - Charitable activities N/A N/A N/A N/A £462.17k
Expenditure - Raising funds N/A N/A N/A N/A £0
Expenditure - Governance N/A N/A N/A N/A £5.93k
Expenditure - Grants institution N/A N/A N/A N/A £25.21k
Expenditure - Investment management N/A N/A N/A N/A £0
Expenditure - Other N/A N/A N/A N/A £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets N/A N/A N/A N/A £1.57m
Long-term investments N/A N/A N/A N/A £0
Other assets N/A N/A N/A N/A £82.88k
Defined benefit pension scheme asset or liability N/A N/A N/A N/A £0
Total liabilities N/A N/A N/A N/A £566.47k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 25 October 2024 On Time
Accounts and TAR 31 December 2023 25 October 2024 On Time Download Open in new window
Annual return 31 December 2022 31 October 2023 On Time
Accounts and TAR 31 December 2022 31 October 2023 On Time Download Open in new window
Annual return 31 December 2021 23 December 2022 53 days late
Accounts and TAR 31 December 2021 23 December 2022 53 days late Download Open in new window
Annual return 31 December 2020 14 October 2021 On Time
Accounts and TAR 31 December 2020 14 October 2021 On Time Download Open in new window
Annual return 31 December 2019 30 October 2020 On Time
Accounts and TAR 31 December 2019 30 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 2 FEBRUARY 1998

Charitable objects

(A) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS WITHIN THE AREA OF BENEFIT AS THE DIRECTORS OF THE CHARITY (HEREIN CALLED THE "TRUSTEES") MAY FROM TIME TO TIME THINK FIT (B) TO RELIEVE PERSONS WHO ARE IN CONDITIONS OF NEED OR HARDSHIP OR WHO ARE AGED OR SICK OR WHO ARE HOMELESS AND TO RELIEVE THE DISTRESS CAUSED THEREBY WITHIN THE AREA OF BENEFIT AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT (C) TO ADVANCE EDUCATION IN ACCORDANCE WITH CHRISTIAN PRINCIPLES WITHIN THE AREA OF BENEFIT AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT (D) TO PROMOTE SOCIAL RESPONSIBILITY AND PERSONAL MORALITY FOR THE PUBLIC BENEFIT WITHIN THE AREA OF BENEFIT AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT (E) TO PROMOTE THE REHABILITATION OF PERSONS AFFECTED BY DRUG, ALCOHOL AND OTHER SUBSTANCE ADDICTION AND ABUSE WITHIN THE AREA OF BENEFIT AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT (F) TO PROMOTE AND FILFIL SUCH OTHER CHARITABLE PURPOSES BENEFICIAL TO THE COMMUNITY WITHIN THE AREA OF BENEFIT WHERE THE CHARITY MAY BE OPERATING AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNITED KINGDOM OR THE WORLD

Contact information

Address:
The NSC Arena
4 Belton Road West Extension
Loughborough
Leics
LE11 5XH
Phone:
01509211194
Email:
helen@newsprings.org.uk
Website:

www.newsprings.org.uk Open in new window