REGISTERED CHARITY NUMBER: 1052619
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Wells
rin
Communi
Church
Daniel Sam Limited
Chartered Accountants
61 Plodder Lane
Farnworth
Bolton
BL4 OBX

Wells
rin
Communit Church
Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8 to 12
Detailed Statement of Financial Activities
13 to 14

Wells
rin
Communit Church
ort of the Trustees
for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended
31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
As stated in our constitution the objects of the church are, for the benefit of the public,:
to advance the Christian faith in accordan￿ with the statement of faith of Assemblies of God in
such ways and in such parts of the United Kingdom or the world as the church council from time to
time think fit-
to relieve sickness and financial hardship and to promote and preserve good health by the
provision of funds, goods or services of any kind including through the provision of counselling and
support in such parts of the United Kingdom or the world as the church council from time to time
think fit; and
to advance education in such ways and in such parts of the United Kingdom or the world as the
church council from time to time think fit.
Public benefit
The management team continue to be guided by the Commission's advice in relation to our
obligations to be of benefit to the public and certainly the food pantries are a great benefit to our
local communities as are our meetings. We are also keen to be a Sour￿ of spiritual blessing to our
community as our name implies and the management team and pastor always have this in mind.
Page 1

Wells
rin
Communit Church
ort of the Trustees
for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Attendance and meetings
All of the Sunday church services are now run live. We still use Zoom. As in the last report, we
have seen steady and sustained growth.
Pastoral Teams
The pastoral oversight of the church is going from strength to strength. We are building on
strengthening the pastoral team. We continue to reach out to our members and it is having a
noticeable impact in the lives of many.
Little Fish - Parent and Toddler Group
Little Fish remains in hibernation. As we move into the next church year, we will start to look at
what we will do, with this service. moving forwards.
Sunday School
The Sunday School is now back up and running. Again, as we move into the next year we will look
at what we want to do, in order to move this to the next phase.
The Feed
The Feed remains suspended. However, works do continue with the youth and young people of
the church.
The Well of Hope Food Pantry
The Well of Hope Food Pantry continues to be an incredible resource for the local community. We
rely heavily on donations from local supermarkets, Fare-share and our own church members.
Many give sacrificially. Economics has meant the increase of personal donations from £4.00 to
£5.00. This has not met with any resistance.
We have also initiated a scheme whereby church members can sponsor a family for as many
weeks as they are able to. This is also growing in size.
This has proven to be the major source of community outreach by Wellspring Community Church.
As a result we also see clients of The Well of Hope Food Pantry attending Sunday services and
mid-week services. The next year will see continued advance, of the community outreach, that
WOHFP affords the church to be a part of.
Missions
Wellspring Community Church is committed to Mission. As we move into the next church year we
will be assessing other support options for Mission outreaches.
FINANCIAL REVIEW
Principal funding sources
The charity raises most of the general funds it needs to carry on its activities from within its own
membership and
congregation.
Reserves policy
The charity maintains a contingency fund of £5,000 which is considered appropriate to the charity's
needs and activities. However, this is up for review as part of the ongoing financial review policies
in place.
Page 2

Wells
rin
Communit Church
ort of the Trustees
for the Year Ended 31 March 2024
FUTURE PLANS
Building
The leadership of the church are continuing their focus on improving and maintaining the church
facilities, including the church building. Work has been done in the men's toilets and the ladies
toilets, and also in the disabled toilets. However, these works have been minor repair works. The
church needs major works, so we will look to complete a feasibility study and assess what the next
steps required are. These initiatives will take place during the next church year.
Moving Forward
Spiritually, we, as a leadership team, remain committed to the growth and development of the
church through the preaching and teaching of God's word. worship, prayer. relationships, and
outreach.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document. a deed of trust and constitution adopted on 16
March 2015 as an unincorporated charity.
Organisational structure
The management of the charity is by a church council. The minimum number of members of the
church council is three. The premises that the charity owns and occupies is held in trust by
Assemblies of God Property Trust.
Wider network
The charity remains in fellowship and relationship with the churches which form the Assemblies of
God network whose National Ministry Centre is based in Manchester.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1052619
Principal address
Brendon Avenue
Manchester
M40 9DN
Trustees
Rev A Taylor
P S Cassidy
RLKing
P G Burdon
W O Sanni (resigned 1.4.23)
Independent Examiner
Daniel Sam Limited
Chartered Accountants
61 Plodder Lane
Farnworth
Bolton
BL4 OBX
Page 3

Wells
rin
Communit Church
ort of the Trustees
for the Year Ended 31 March 2024
Approved by order of the board of trustees on
behalf by:
2110112025
and signed on its
Rev A Taylor- Trustee
Page 4

Inde
Wells
endent Examiner's Re
ort to the Trustees of
rin
Communit Church
Independent examiner's report to the trustees of Wellspring Community Church
I report to the charity trustees on my examination of the accounts of Wellspring Community Church
(the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the
Act and in carrying out my examination I have followed all applicable Directions given by the
Charity Commission under Section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect"
accounting records were not kept in respect of the Trust as required by Section 130 of the
Act., or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a true and fair view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Gracian Daniel-som (Jan 22, 2025 09..42 GMT)
Gracian Daniel-sam ACA
Daniel Sam Limited
Chartered Accountants
61 Plodder Lane
Farnworth
Bolton
BL4 OBX
2210112025
Page 5

Wells
rin
Communit Church
Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
Unrestricted
fund
31.3.23
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
61,329
49,250
Investment income
411
Totsl
61,740
49,250
EXPENDITURE ON
Charitable activities
Ministry
Mission
Administration
Upkeep of church premises
35,420
10,584
3,899
8,276
29,113
6,638
4,426
11,198
Other
637
463
Total
58,816
51,838
NET INCOMEI(EXPENDITURE)
2,924
(2,588)
RECONCILIATION OF FUNDS
Total funds brought forward
327,547
330,135
TOTAL FUNDS CARRIED FORWARD
330,471
327,547
The notes form part of these financial statements
Page 6

Wells
rin
Communit Church
Balance Sheet
31 March 2024
31.3.24
Unrestricted
fund
31.3.23
Total
funds
Notes
FIXED ASSETS
Tangible assets
251,045
250,623
CURRENT ASSETS
Debtors
Cash at bank and in hand
80,795
77,732
80,802
77,739
CREDITORS
Amounts falling due within one year
(1,376)
(815)
NET CURRENT ASSETS
79,426
76,924
TOTAL ASSETS LESS CURRENT
LIABILITIES
330,471
327,547
NET ASSETS
330,471
327,547
FUNDS
Unrestricted funds
330,471
327,547
TOTAL FUNDS
330,471
327,547
The financial statements were approved by the Board of Trustees and authorised for issue on
2110112025
and were signed on its behalf by"
A Taylor- Trustee
P G Burdon - Trustee
The notes form part of these financial statements
Page 7

Wells
rin
Communit Church
Notes to the Financial Statements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Act 2011. The financial statements have been prepared under the historical cost
convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has
entitlement to the funds, it is probable that the income will be re￿iVed and the amount can
be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the category. Where costs cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent with the use
of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Freehold property
Motor vehicles
Furniture and equipment
not provided
20 % on cost
20 % on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion
of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the
charity's pension scheme are charged to the Statement of Financial Activities in the period
to which they relate.
Page 8
continued...

Wells
rin
Communit Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
INVESTMENT INCOME
31.3.24
31.3.23
Rents received
Deposit account interest
400
411
TRUSTEES. REMUNERATION AND BENEFITS
31.3.24
31.3.23
Trustees, salaries
Trustees, pension contributions to money purchase schemes
25,000
563
20,833
469
25,563
21,302
The above remuneration is in respect of Rev A L Taylor in his role as minister (as permitted
by the charity's constitution) and not in his role as a trustee.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
STAFF COSTS
The average monthly number of employees during the year was as follows"
31.3.24
31.3.23
Ministry
Cleaning
No employees received emoluments in excess of £60,000.
Page 9
continued...

Wells
rin
Communit Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
INDEPENDENT EXAMINER'S REMUNERATION
The amount payable to the Independent Examiner for carrying out the final preparation and
independent examination of these accounts is £385 (2023: £385).
TANGIBLE FIXED ASSETS
Furniture
and
equipment
Freehold
property
Motor
vehicles
Totals
COST
At 1 April 2023
Additions
250,000
800
3,764
1,059
254, 564
1,059
At 31 March 2024
250,000
800
4,823
255,623
DEPRECIATION
At 1 April 2023
Charge for year
480
160
3,461
477
3,941
637
At 31 March 2024
640
3,938
4,578
NET BOOK VALUE
At 31 March 2024
250,000
160
885
251,045
At 31 March 2023
250,000
320
303
250,623
The charity is the beneficial owner of the land and buildings situated on Brendon Avenue,
Manchester, M40 9DN, however the legal title is held by the charity's custodian trustee
(Assemblies of God Property Trust).
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Other debtors
Page 10
continued...

Wells
rin
Communit Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Other creditors
1,376
815
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
327,547
2,924
330,471
TOTAL FUNDS
327,547
2,924
330,471
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
General fund
61.740
(58,816)
2,924
TOTAL FUNDS
61,740
(58,816)
2,924
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
330,135
(2,588)
327,547
TOTAL FUNDS
330,135
(2,588)
327,547
Page11
continued...

Wells
rin
Communit Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
MOVEMENT IN FUNDS- continued
Comparative net movement in funds. included in the above are as follows..
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
General fund
49,250
(51,838)
(2,588)
TOTAL FUNDS
49,250
(51,838)
(2,588)
10. RELATED PARTY DISCLOSURES
Rev A L Taylor (a trustee) received gross wages of £25,000 (2023.. £20,833) and employer
pension contributions of £563 (2023: £469) for his employment as minister.
Page 12

Wells
rin
Communit Church
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Subscriptions
Miscellaneous income
56,172
37,188
7,054
4,608
400
4,835
322
61,329
49,250
Investment income
Rents received
Deposit account interest
400
411
Totsl incoming resources
61,740
49,250
EXPENDITURE
Charitsble activities
Trustees, salaries
Trustees, pension contributions
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Supplies
Training
Subscriptions
Gifts to other missions
Repairs and maintenance
Motor and travel
Youth and children's work
Outreach and evangelism
25,000
563
1,084
401
1,570
4,477
1,098
383
477
6,677
20,833
469
965
1,800
3,484
958
806
1,710
6,428
1,059
2,152
2,400
5,914
2,012
2,341
2,680
1,828
3,142
1,167
4,656
57,544
50,990
Other
Depreciation of vehicles
Carried forward
160
160
160
160
This page does not form part of the statutory financial statements
Page 13

Wells
rin
Communit Church
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
Other
Brought forward
Depreciation of equipment
160
477
160
303
637
463
Support costs
Governance costs
Accountancy and legal fees
635
385
Total resources expended
58,816
51,838
Net incomel{expenditure)
2,924
(2,588)
This page does not form part of the statutory financial statements
Page 14