Trustees report for AGM 9 July 2023 Wellsprings Holding Trustees are Victor Iziren, Shola Alabi and following the death of Arnold Horsewood in October 2022, Pastor Graham Cunnington has been appointed as Chair of the Trustees effective froin 28 May 2023. We are required to have a minimum of three Holding Trustees and the Assemblies of God (AOG) advised that the Pastor should be registered as a trustee with the position of Chair. A holding trustee is someone who holds a propety in trust on behalf of an organisation. There have not been any repairs to the Church building this year but there is concern about the condition of the prayer room and storage area. Leadership have been considering what might be done but solutions may be costly. The Church property at 21 Selkirk drive continues to be rented by the tenant who has been in place since 2018. The property is a two bedroom terraced house with a small conservatory and a garden. We Cenlly receive a rental income of £1300 a month. 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
01/04/2022 to 31/03/2023 Payments
| GA Gift Aid GR Gift Aid Tax Reclaims CO Communications OF Offerings CB Church Building Running Costs MB Manse EV Community Outreach WM Church Ministries MT Tithe to Missions OE Office Equipment BA Banking MS Miscellaneous BF Benevolent Fund WC Wellspring Café (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 |
19,560.01 SC Salaries and Related Costs 6,850.82 LM Licences and Membership - CO Communications 10,958.93 OF Offerings - CB Church Building Running Costs 12,306.64 MB Manse - EV Community Outreach 2,063.30 WM Church Ministries 120.00 MT Tithe to Missions - OE Office Equipment 77.78 BA Banking 1,962.99 MS Miscellaneous 880.00 BF Benevolent Fund 2,402.00 WC Wellspring Café TR Training and Conferences PC Petty Cash VS Visiting Speakers 57,182.47 4592 57,182.47 12306.64 0.00 0.00 0.00 0.00 12306.64 12306.64 Manse Income and Running Costs 1577.7141 |
31,750.82 3,492.50 1,546.89 - 6,434.11 - 1,494.80 2,824.29 3,038.50 1,061.55 72.00 2,656.14 2,692.71 1,795.07 1,860.35 200.00 150.00 |
|---|---|---|
| 61,069.73 | ||
| 61,069.73 2879.31 173.38 0.00 2217.20 1005.22 159.00 |
||
| 6434.11 | ||
| 0.00 0.00 0.00 0.00 0.00 |
||
| 0.00 | ||
Communications
Page 1 of 6
Wellspring Pentecostal Church
| 01/04/2022 31/03/2023 Statement of Receipts and Payments to 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 Membership CP Creation Software ZM Zoom GL Licences F04 AOG Tithe AC Area Conference TC Training MH Hardware ST Stationery & Office Supplies Community Outreach Licences and Membership Training and Conferences Office Equipment |
1023.60 365.00 158.29 0.00 |
|---|---|
| 1546.89 | |
| 0.00 0.00 22.00 0.00 125.30 1347.50 |
|
| 1494.80 | |
| 29.00 416.30 218.81 40.00 0.00 251.25 45.00 1002.82 0.00 1489.32 |
|
| 3492.50 | |
| 1836.35 24.00 |
|
| 1860.35 | |
| 0.00 266.25 |
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Wellspring Pentecostal Church
| 01/04/2022 31/03/2023 Statement of Receipts and Payments to OP Peripherals OF Office Furniture / Equipment Miscellaneous M01 Accountancy / Legal M02 Music / Worship Items M03 Communion Wine M05 Miscellaneous Items M06 Paypal Giving 0.00 CV Covid Expenses HS Hospitality 0.00 Net Total |
555.61 239.69 |
|---|---|
| 1061.55 | |
| 312.00 -1398.79 137.38 1555.93 0.00 0.00 86.63 |
|
| 693.15 | |
| 693.15 |
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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 2023 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.
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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): |
15/6/2023 | |
|---|---|---|
| Helen Atack | ||
| ACA |
1
IER
Address: 10a High Street, Chislehurst, Kent BR7 5AN
Section B Disclosure
Give here brief details of None any items that the examiner wishes to disclose .
2
IER