## **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**<br>GA<br>Gift Aid<br>GR<br>Gift Aid Tax Reclaims<br>CO<br>Communications<br>OF<br>Offerings<br>CB<br>Credits from building costs<br>MB<br>Manse<br>EV<br>Community Outreach<br>WM Church Ministries<br>MT<br>Tithe to Missions<br>OE<br>Office Equipment<br>BA<br>Banking<br>MS<br>Miscellaneous<br>BF<br>Benevolent Fund<br>(of which in respect of restricted income)<br>Reconciliation against sum<br>F01<br>British Gas<br>F03<br>Water Rates<br>F06<br>British Gas Service Contract<br>BR<br>Building Repairs<br>CI<br>Church Insurance<br>TV<br>TV Licence<br>F11<br>Income from Manse<br>F12<br>Stewardship Loan<br>MI<br>Manse Insurance<br>MM Manse Maintenance<br>MU<br>Manse Miscellaneous<br>Net Total<br>Church Building Running Costs|**01/04/2021**<br>**31/03/2022**<br>**Payments**<br>15,225.35<br>SC<br>Salaries and Related Costs<br>7,520.77<br>LM Licences and Membership<br>20.00<br>CO Communications<br>13,104.49<br>OF<br>bounced cheques<br>-<br>CB<br>Church Building Running Costs<br>11,534.68<br>MB Manse<br>-<br>EV<br>Community Outreach<br>-<br>WM Church Ministries<br>306.00<br>MT Tithe to Missions<br>-<br>OE<br>Office Equipment<br>-<br>BA<br>Banking<br>160.00<br>MS Miscellaneous<br>2,823.00<br>BF<br>Benevolent Fund<br>TR<br>Training and Conferences<br>PC<br>Petty Cash<br>VS<br>Visiting Speakers<br>**50,694.29**<br>546<br>50,694.29<br>11059.68<br>0.00<br>0.00<br>0.00<br>0.00<br>**11059.68**<br>**10308.80**<br>**to**<br>1504.4487<br>Manse Income and Running Costs|30,364.92<br>2,819.03<br>1,739.63<br>-<br>4,729.24<br>750.88<br>1,130.51<br>-<br>5,938.00<br>1,017.51<br>96.00<br>3,455.68<br>4,659.85<br>1,063.00<br>100.00<br>225.00|
|---|---|---|
|||**58,089.25**|
|||58,089.25<br>2266.82<br>206.80<br>201.60<br>938.52<br>916.75<br>198.75|
|||**4729.24**|
|||475.00<br>0.00<br>168.00<br>107.88<br>0.00|
|||**750.88**|
||||



Communications 

Page 1 of 6 



## **Wellspring Pentecostal Church** 

|**01/04/2021**<br>**31/03/2022**<br>**to**<br>**Statement of Receipts and Payments**<br>F02<br>Telephone & Internet<br>W01 Website<br>W02 Website Address Renewal<br>LE<br>Leaflets and Signs<br>NL<br>New Life Newspaper<br>E02<br>Magazines<br>E03<br>Advertising<br>FB<br>Food Bank<br>E01<br>Literature<br>FC<br>Wellspring Football<br>F10<br>ACAT Membership<br>CC<br>CCLI Membership<br>FI<br>Fire Inspection<br>CT<br>Churches Together in Welling<br>BV<br>BVSC Membership<br>F07<br>ThirtyOneEight<br>CP<br>Creation software<br>ZM<br>Zoom<br>GL<br>Other Licences<br>F04<br>AOG Tithe<br>AC<br>Area Conference<br>MH<br>Hardware<br>ST<br>Stationery & Office Supplies<br>OP<br>Peripherals<br>OF<br>Office Furniture<br>Community Outreach<br>Licences and Membership<br>Training and Conferences<br>Office Equipment|1027.14<br>383.00<br>158.29<br>151.20|
|---|---|
||**1719.63**|
||0.00<br>0.00<br>22.00<br>0.00<br>13.00<br>1095.51|
||**1130.51**|
||15.00<br>387.89<br>116.95<br>40.00<br>0.00<br>141.25<br>195.00<br>562.65<br>0.00<br>1360.29|
||**2819.03**|
||1063.00|
||**1063.00**|
||546.14<br>106.99<br>364.38<br>0.00|



Page 2 of 6 



## **Wellspring Pentecostal Church** 

|**01/04/2021**<br>**31/03/2022**<br>**to**<br>**Statement of Receipts and Payments**<br>Miscellaneous<br>M01 Accountancy<br>M02 Music / Worship Items<br>M03 Communion Wine<br>M05 Miscellaneous Items<br>M06 Paypal Giving<br>0.00<br>CV<br>Covid Expenses<br>HS<br>Hospitality<br>**0.00**<br>Net Total||
|---|---|
||**1017.51**|
||300.00<br>251.20<br>427.46<br>2277.49<br>0.00<br>39.53<br>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: 

- examine the accounts under section 145 of the Charities Act, 

- 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 

- 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. 

- **Independent** In connection with my examination, no matter has come to my attention 

- **examiner's statement** 1. which gives me reasonable cause to believe that in, any material respect, the requirements: 

      - to keep accounting records in accordance with section 130 of the Charities Act; and 

      - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 

      - have not been met; or 

   2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

|**Signed:**<br>**Name:**<br>**Relevant professional**<br>**qualification(s) or body**<br>**(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**