Somebody sent me an email a couple years back about this one and they hinted that this was U2 with a female singer. I don't know that this information is true but, coincidentally, it was produced by Laurie Mellor who once organized a Christian retreat in the early 80s that U2 not only attended, but spoke at...and a recording was made:
The January 1981 retreat was held at the Gaines Christian Center in Worcester, England, and organized by Laurie Mellor as a Ghettout Music event. Mellor started Ghettout Music in 1980 as a recording and management company for motivating Christian musicians to leave the Christian music sub-culture behind for the mainstream music world.
...On the 45-minute recording, Bono, then 20, and Edge, 19, speak about their faith, the battles they face as Christians in the music business and their sense of what lies ahead for U2. They read Scripture, talk about justifying the expense of producing their next single ("Fire") in the face of global poverty, tell a few jokes and invite feedback from the audience.