Trustees report for AGM 3 July 2022
Wellsprings holding trustees are Victor Iziren, Shola Alabi and Arnold Horsewood. A holding trustee is someone who holds a property in trust on behalf of an organisation.
This AGM is the first one that is completely free of the Coronavirus lockdown restrictions. It is worth thinking about how the Lord has kept Wellspring going since the original Lockdown was first imposed in March 2020. Between March 2020 and now we have gone from holding services and prayer meetings primarily on-line and our church building being underused, to an incremental easing of restrictions leading to the complete removal of all restrictions.
As a church community we have been adaptable and resilient over the past two years, returning to the church building when we were legally able to do so and ensuring that appropriate measures were in place. We are now fully using our Church building again whilst still retaining some on-line activity.
There were some minor repairs to the Church building in 2021 but there have not been any particular issues so far this year.
The Church property at 21 Selkirk drive continues to be rented by the tenant who has been in place since 2018. The rent has been paid on time throughout this period but it has increased from £1,225 this time last year to £1,300 per month from renewal in August this year. This is slightly under market rates but in keeping with our approach of taking the tenant’s circumstances into account but also the costs of maintenance. We had to fix the conservatory roof falling heavy rainfall last November and there has been a problem with Mice.
We continue to thank God for our church building and the activities that take place in it and for his grace in giving us a reliable tenant at 21 Selkirk.
Wellspring Pentecostal Church
Statement of Receipts and Payments
| Receipts GA Gift Aid GR Gift Aid Tax Reclaims CO Communications OF Offerings CB Credits from building costs MB Manse EV Community Outreach WM Church Ministries MT Tithe to Missions OE Office Equipment BA Banking MS Miscellaneous BF Benevolent Fund (of which in respect of restricted income) Reconciliation against sum F01 British Gas F03 Water Rates F06 British Gas Service Contract BR Building Repairs CI Church Insurance TV TV Licence F11 Income from Manse F12 Stewardship Loan MI Manse Insurance MM Manse Maintenance MU Manse Miscellaneous Net Total Church Building Running Costs |
01/04/2021 31/03/2022 Payments 15,225.35 SC Salaries and Related Costs 7,520.77 LM Licences and Membership 20.00 CO Communications 13,104.49 OF bounced cheques - CB Church Building Running Costs 11,534.68 MB Manse - EV Community Outreach - WM Church Ministries 306.00 MT Tithe to Missions - OE Office Equipment - BA Banking 160.00 MS Miscellaneous 2,823.00 BF Benevolent Fund TR Training and Conferences PC Petty Cash VS Visiting Speakers 50,694.29 546 50,694.29 11059.68 0.00 0.00 0.00 0.00 11059.68 10308.80 to 1504.4487 Manse Income and Running Costs |
30,364.92 2,819.03 1,739.63 - 4,729.24 750.88 1,130.51 - 5,938.00 1,017.51 96.00 3,455.68 4,659.85 1,063.00 100.00 225.00 |
|---|---|---|
| 58,089.25 | ||
| 58,089.25 2266.82 206.80 201.60 938.52 916.75 198.75 |
||
| 4729.24 | ||
| 475.00 0.00 168.00 107.88 0.00 |
||
| 750.88 | ||
Communications
Page 1 of 6
Wellspring Pentecostal Church
| 01/04/2021 31/03/2022 to Statement of Receipts and Payments F02 Telephone & Internet W01 Website W02 Website Address Renewal LE Leaflets and Signs NL New Life Newspaper E02 Magazines E03 Advertising FB Food Bank E01 Literature FC Wellspring Football F10 ACAT Membership CC CCLI Membership FI Fire Inspection CT Churches Together in Welling BV BVSC Membership F07 ThirtyOneEight CP Creation software ZM Zoom GL Other Licences F04 AOG Tithe AC Area Conference MH Hardware ST Stationery & Office Supplies OP Peripherals OF Office Furniture Community Outreach Licences and Membership Training and Conferences Office Equipment |
1027.14 383.00 158.29 151.20 |
|---|---|
| 1719.63 | |
| 0.00 0.00 22.00 0.00 13.00 1095.51 |
|
| 1130.51 | |
| 15.00 387.89 116.95 40.00 0.00 141.25 195.00 562.65 0.00 1360.29 |
|
| 2819.03 | |
| 1063.00 | |
| 1063.00 | |
| 546.14 106.99 364.38 0.00 |
Page 2 of 6
Wellspring Pentecostal Church
| 01/04/2021 31/03/2022 to Statement of Receipts and Payments Miscellaneous M01 Accountancy M02 Music / Worship Items M03 Communion Wine M05 Miscellaneous Items M06 Paypal Giving 0.00 CV Covid Expenses HS Hospitality 0.00 Net Total |
|
|---|---|
| 1017.51 | |
| 300.00 251.20 427.46 2277.49 0.00 39.53 0.00 |
|
| 3295.68 | |
| 3295.68 |
Page 3 of 6
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the directors Wellspring Pentecostal Church of On accounts for the year 31 March 2022 Charity 1054381 ended no. Set out on pages
Respective The charity’s trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year directors and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent My examination was carried out in accordance with general directions given examiner’s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
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Independent In connection with my examination, no matter has come to my attention
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examiner's statement 1. which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
| Signed: Name: Relevant professional qualification(s) or body (if any): |
Date: | 12/05/2022 |
|---|---|---|
| Helen Atack | ||
| ACA |
1
IER
10a High Street, Chislehurst, Kent BR7 5AN
Address:
Section B Disclosure
Give here brief details of None any items that the examiner wishes to disclose .
2
IER