## **WELLSPRING CHRISTIAN CENTRE** ## **TRUSTEE REPORT** ## **ANNUAL RETURN 2021** ## **TABLE OF CONTENTS** |**CHARITY COMMISSION DETAILS**|**2**| |---|---| |**REPORT SUMMARY**|**4**| |**YEAR OVERVIEW**|**6**| |TINY TREASURES BABY AND TODDLER GROUP - Linda Bettaney|6| |ENERGISE – Miriam Jones|7| |SORTED AND YOUTH – Joanne and Stephen Roberts|8| |WORSHIP – Mark Jones|10| |CONNECT GROUPS|11| |KING’S STOREHOUSE – Tracey Williams|12| |**BUILDING UPDATE**|**13**| |**MISSIONS**|**14**| |**CHAIR’S REPORT – Mark Jones**|**16**| 1 ## CHARITY COMMISSION DETAILS ## **CHARITY DETAILS** - ●Wellspring Christian Centre - ●Charity No. 1062914 ## **CONTACT DETAILS** - Website: http://www.wellspringchurch.co.uk - Email: markwjones@hotmail.com - Tel: 01745 339933 ## **PUBLIC ADDRESS** - 102 Vale Road, Rhyl, LL18 2PD ## **AIMS & ACTIVITIES** Services for the general public for all ages. Children's midweek club ages 4 to 11. 2 hour midweek drop in centre for adults and children during school holidays. Youth club for 11 to 17's Food for Thought ( Nurture group teaching Christian basics and dealing with life issues). Kings Storehouse ( Food Bank) Financial and Spiritual support of Missionaries serving abroad and in the UK. ## **WELLSPRING CHRISTIAN CENTRE** The following departments and activities operate under the Wellspring Christian Centre Charity umbrella. - Energise Kids Club 4-11s - Food For Thought Nurture Group - King’s Storehouse Foodbank - Sorted Youth Club 11+ - Tiny Treasures - Wellspring Church - Church Services - Connect Groups - Prayer - Alpha - Sunday School Programme |**WHAT THE CHARITY DOES?**|**WHO THE CHARITY HELPS?**|**HOW THE CHARITY WORKS?**| |---|---|---| |General charitable purposes.
Education/training.
The advancement of health or
saving of lives.
Disability.
The
prevention
or
relief
of
poverty.
Overseas aid/famine relief.
Religious activities.
Recreation.
Other charitable purposes.|Children/young people.
Elderly/old people.
People with disabilities.
People of a particular ethnic or
racial origin.
Other
charities
or
voluntary
bodies.
Other defined groups.
The general public/mankind.|Makes grants to individuals.
Makes grants to organisations.
Provides other finance.
Provides human resources.
Provides buildings, facilities and
open space.
Provides services.
Provides advocacy, advice and
information.
Acts as an umbrella or resource
body.
Other charitable activities.| 2 “... a **Com����t� He��t** with a **Mis����al B���** and **Gen����i�n�� Pu�s�.”** “ ⦁ ## **1 CORINTHIANS 13:13** “An� �ow ���s� ��re� ���a�n: **fa���** , **ho��** an� **lo��** . But ��� g��a��s� �� t�e�� �s �o��.” ⦁ **FAITH HOPE LOVE** ♡ ⦁ ⦁ Unity of Faith Mission of Hope Service of Love 3 ## REPORT SUMMARY ## **AGM Meeting 2021** The AGM for 2021 took place on Wednesday, 16 February 2022, at Wellspring Church 102 Vale Road, Rhyl, LL18 2PD. This was an in person AGM with COVID guidelines and restrictions in place. ## **Aim and purposes** Wellspring Christian Centre (WCC) has the responsibility of co-operating with the leadership and trustees, in promoting the aims of the church, the whole mission of the Church, pastoral, evangelistic, social and links to other churches. WCC is also specifically responsible for the maintenance of the Church Centre complex of Wellspring Church, 102 Vale Road, Rhyl, LL18 2PD. ## **Objectives and Activities** WCC is committed to enabling as many people as possible to worship at the church and to become part of our community. Our services and worship put faith into practice through prayer and scripture, music and fellowship. When planning our activities for the year, WCC have considered the public benefit and, in particular, the specific guidance on charities for the advancement of religion. We endeavour to enable ordinary people to live out their faith as part of our community through: - Worship and prayer - Learning about the Gospel of Jesus - Developing our knowledge and trust in Jesus. - Provision of pastoral care - Missionary and outreach work locally and beyond ## **The Church Centre Complex** The church embarked on refurbishing the back hall. This will include electrics, heating, plastering, painting and new carpet. It is hoped that the new area will be ready by the summer of 2022. ## **Pastoral Care** Pastoral care would normally take place through informal counselling sessions with pastoral teams within the church. All who provide pastoral care those who are providing the care undergo DBS. Extra pastoral care is seen in activities such as Mid-Week connect Groups, Tiny Treasures, Energise Children Work, Sorted Youth Work in addition to one-to-one sessions. 4 ## **Mission and Evangelism** The church continues to support the following through 2020 - Amir & Sarine - Daniell & Gabreille - Magdy Tawfik - Anton Sukic - Lynn & Paul Kohls ## **Financial Review** The main purpose of an Annual General Meeting (AGM) and Annual Report is to provide a report on the church’s achievements over the year. A review of finances for 2021 has been completed by an independent accountant and the report will be submitted to the Charity Commission as part of the Annual Review.. The charity finished the year with an operating profit of £20,646. A £10,000 contingency fund has been agreed by the Trustee’s for financial safeguarding. These are the charity reserves held in the main account and monitored regularly. 2021 saw a Gift Aid claim of approx £8,000, a refund of £10,000 by HSBC for overcharging on our accounts. . ## **Volunteers** Over 20 volunteers help run the church. We would like to thank all the volunteers who work so hard to make the church a lively and vibrant community. ## **Structure, governance and management for 2021** There were no changes to the church governance and management structure in 2021. The Church structure is as follows: ## **Church Council (Governing)** There are Church Council members which would be known as Church Elders within the Community. - Mark Jones (Pastor/Chairperson & Trustee) - appointed 10/07/2020 - Roland Jones (Trustee) - appointed 27/05/2020 - Stephen Roberts (Trustee) - appointed 10/07/2020 ## **Holding Trustees (Responsible for the building/land assets)** - Raymond Green - Sarah Jones ## **Wellspring Christian Centre is registered with Charity Commission and has a Trust Deed governing document.** ## **Administrative information** Wellspring Christian Centre is situated in Rhyl. The correspondence address is 102 Vale Road, Rhyl, LL18 2PD Accounts are reviewed by Harold Smith Accountants, St Asaph. 5 ## YEAR OVERVIEW ## TINY TREASURES BABY AND TODDLER GROUP - Linda Bettaney Tiny Treasures started in September 2019, staffed by Linda, Shirley, Gwyn, Veronica and Jayne. Held on a Thursday it offers a safe and caring environment for babies and toddlers to play, accompanied by parents, grandparents, child minders and foster carers. Each adult is charged £1 irrespective of how many children they bring. Mid-morning the children will receive toast, fresh fruit and a drink. The adults also can have tea, coffee and toast. Unfortunately, due to Covid 19, lockdown happened. There were 31 babies and toddler on the books. During lockdown Linda and Jessica cleaned and disinfected every toy; and Gwyn, who is in charge of craft, used the time to prepare craft projects in readiness for reopening. On 18 November 2021 Tiny Treasures reopened with 22 on the first day back. Linda, Shirley Gwyn, Laura and Victoria cleaned all the toys prior to the reopening. Jayne and Veronica were unable to return but the team was joined by Victoria and Ria. Laura does an excellent job with online advertising There are currently 40 children registered, with an average of 20 attending weekly. As well as play and craft activities, Roland comes in with his guitar and for 15 minutes “the wheels on the bus go round and round” accompanied by percussion instruments, but this time also includes Christian songs and Roland makes Christianity fun for the children. The families that come are comfortable and relaxed during the time in Tiny Treasurers and Linda and the team want them to experience the love of Jesus personally and would love to see them becoming part of Wellspring family. They are looking to purchase some new plastic chairs to replace the old wooden classroom chairs. 6 ## ENERGISE – Miriam Jones Energise is held at 6 pm on a Friday and is for children from reception up to year 6. It’s a fun time which includes games, story time, taken from two brilliant books, 50 crazy Bible stories and 50 weirdest Bible stories, singing led by Shane or Mark. The children are divided up into three teams represented by a colour. Wendy kindly made some cushions for the teams. Points are awarded for the best singer, the best behaved and for bringing somebody new. The points are displayed on a wipe board, kept up to date by Jessica and there are prizes for the winning team. Helpers include Sam, Jessica, Shane, Laura, Mark, Linda, Emma, who keeps the register and Victoria who keeps a watchful eye on the door. The evening finishes with prayer. Due to a generous donation, they were able to purchase the costume of AJ the Lion, who is currently having his foot repaired. With permission from the Headmaster of Emmanuel school we gave out invitations to Energise outside the school and initially 10 children came. Six have remained with one attending consistently. There are 45 children on the register with 25 attending regularly every Friday. They are hoping to visit more schools in the future. A lady whose children come to Energise is now coming to church and said how much she’d missed it during lockdown. 7 ## SORTED AND YOUTH – Joanne and Stephen Roberts Sorted restarted in September from 7.30 pm to 9 pm on a Friday after a break of eighteen months to two years due to Covid 19. Numbers attending have been between 30 and 35 and these are in the main non-church young people. Some house rules have been established and the evening includes God’s word and worship starting at 7.45 pm. Those who are not interested sometimes leave but there are some who may appear to be hard faced, but are settling down and starting to connect. Hopefully a group will be able to go to Rock Nations again this year. 8 ## SUNDAY SCHOOL – Miriam Jones Sunday School takes place immediately after the time of Worship and is shared between Jo, Linda and Miriam. They are using some excellent teaching materials for children and are currently looking at the life of Moses. They work it on a 2 weeks on, 4 weeks off Rota. 9 ## WORSHIP – Mark Jones Mark expressed how blessed we are in Wellspring to have so many gifted musicians, singers and those who can man the sound desk. Mark asked that we pray for Luke to be released from having to work on a Sunday so that he can be part of the worship team and also that other younger musicians will emerge. There’s nothing more wonderful than a house of praise, filled with joy with all inhibitions broken off. 10 ## CONNECT GROUPS Jayne and Norma – The group - Alan and Ria, Cynthia and Brian, Norma, Lesley, Jean Hiles, Sue, George and Jayne meet 2pm on a Tuesday for a time ofof fellowship, sharing, getting to know each other and to pray for each other. Roland and Shirley –The group - Ray and Gwyn, Bob and Sue, Wendy, sometimes Paul or his Mum Vivien, Carys, Chris Lynch, George and Jayne – 7 pm on a Wednesday via Zoom. There’s a time of worship lead by Roland and various members of the group take turns sharing from the Bible. Jo and Steve - A Youth Connect Group takes place at Jo and Steve’s house on a Thursday evening with some young people from other churches attending as well as youth from Wellspring and are relating well as a group. 11 ## KING’S STOREHOUSE – Tracey Williams There are 17 people in the team and jobs include dating the tins and making up parcels. Tracey receives referrals which come from 28 different agencies. 587 parcels that have been given out and the total number of individuals that have been helped is 1032 (619 adults and 413 children). There are donation boxes in Sainsbury’s, Morrison’s, Co-op Bodelwyddan, One Stop Coast Road and Santander, Rhyl Town. Jeanette and Alan, Chris Lynch and Peter Watson collect the donations. There have also been donations from Fairshare since 21 February. Andy oversees the warehouse with a team of volunteers. Financially, the foodbank is operating at a surplus. Food donations alone from various sources including Fairshare provide some of the food for distribution and we spend on milk, sugar, butter and bread on regular occasions to maintain stock levels. Any excess stock of any particular items are gathered and donated to other food banks or charities that help to alleviate food poverty. 12 ## BUILDING UPDATE We thank God for the building He provided for our church family, it is an incredible facility with so much potential. Due to lockdown and prudence with finances some work has been postponed. Having said that, a lot of work has still been completed internally, here is a summary of work completed in 2020 and some things that still need to be done. ## EXTERNAL We have received cladding from Kingspan as a donation. This has been installed by a builder for a cost of £4,000. The soffits and fascias have also been painted to anthracite grey to protect and to modernise at a cost of approx £1,000 for the paint and hire of a cherry picker for safety. 4 new double glazed windows have been installed in the main hall as the previous windows were damaged and 1 installed incorrectly which was a security issue. ## **WORK TO DO:** 1. Galvanised gate for the front side of the building. 2. Painting of the iron fence. ## INTERNAL Work has started on the back hall which has included removing the false ceiling. These renovations will include: - Heating - New electrics, lighting and mains - Replastering and repairs - Painting - New carpet This will be an estimated £15,000. This work is well on the way and is almost complete. The room will be used as a mutli-purpose room. 13 ## MISSIONS Details of the ministries / missionaries we support, prepared by Mike Bettaney ## **Gabriel & Daniela Corradini** Gabriel is from Argentina and Daniella is from Germany. They met in Bible College in the UK and from there, went out to plant churches in Spain. They are based and work in the Northern part of Spain called Asturius. They are both ordained ministers with the Spanish Assemblies of God and Gabriel is on the missions’ board. They have to date planted around four Pentecostal churches. £100 per month **Paul & Lynn Kohls** Paul & Lynn hail from Canada and are missionaries sent out by the Canadian Assemblies of God [POAC – Pentecostal Assemblies of Canada] to work in the Pan Africa University in Nairobi, Kenya. Paul is the Deputy Vice Chancellor and Lynn is a lecturer and one of the pastors of a Pentecostal Church. Having served God for many years in Kenya, they have moved to serve God in Slovakia developing a Bible College and working with the Pentecostal churches of Slovakia. ## £100 per month ## **Dr Magdy & Suzy Tawfik** Magdy and Suzy were sent to the UK by their sending church KDC Church [a Presbyterian church] in Cairo, Egypt. Initially, Magdy was a consultant psychiatrist working in the south of England. They are based in Watford and are members of Wellspring Christian Centre where Magdy serves on the leadership. Magdy and Suzy are working amongst Muslims in the UK and the Middle East. £100 per month 14 ## **Dr Amir & Sarine** Amir and Sarine were sent out from KDC Presbyterian Church in Cairo, Egypt, to work amongst Syrian refugees living in the Bekaa Valley just outside Beirut in Lebanon. Dr Amir comes from Egypt and Sarine comes from Lebanon. They both felt the call of God to work amongst the refugees. They are members of the True Vine Baptist Church in Zahle in the heart of Lebanon's Bekaa valley. Dr Amir is a Consultant Physiotherapist and Sarine is a highly qualified nurse. The True Vine church has established several medical centres based in the refugee camps and Dr Amir and Sarine treat their patients in these centres. £100 per month ## **Pastor Toncek and Mihaela** Toncek is pioneering a church in Varadci in the North West of Slovenia. As well as reaching out to the Slovenian people in the area, they also minister among the Romany Gypsies. £1,200 paid annually 15 ## CHAIR’S REPORT – Mark Jones Thank you to the many dedicated, faithful workers Wellspring has been blessed with. An example of this is Andy, Church members wouldn’t be aware that at 8am every Sunday morning Andy Williams clears the carpark of any rubbish that has gathered over the weekend. 2021 started with another lockdown and restrictions in place. The church has gathered as often as was safely allowed through the year and finished the year with another unfortunate lockdown at Christmas. We are thankful that the church has come through the whole time and is seeing a healthy number of people gathering as we come out of restrictions. Following the Fun Day held before lockdown, two families started to bring their children to Tiny Treasurers and Energise. It was encouraging to see them coming to the Sunday morning Christmas presentation that had to be cancelled in December due to Covid. Their grandmother and one of the mums expressed an interest in finding out more through an Alpha Course which is due to start at 9.30am on Tuesday 1[st] March, and between 5-6 people have expressed an interest. Chris and Dave Atkinson will be involved in the Alpha Course. With regard to the church building, £15,000 worth of cladding has been donated free of charge. This came about through a random conversation with one of the dads at a Saturday morning football match. Mark’s desire for Wellspring is that it will have a community heart with a missional beat and a generational pulse. The church exists not just for the present, but for future generations. It’s vital to enlarge and to see people stepping up and equipped to become leaders. 16 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 BUSINESS INFORMATION Accountants Harold Smith Unit 32. Llys Edmund Prys StAsaph Business Park St Asaph Denbighshire LL17 OJA WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 CONTENTS Page Accountants, report Profit and loss account Balance sheet Notes to the accounts WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 CHARTERED ACCOUNTANTS. REPORT TO THE PROPRIETOR ON THE UNAUDITED ACCOUNTS OF WELLSPRING CHRISTIAN CENTRE In accordance with the engagemenl letter dated 16 August 2017, we have prepared for your approval the accounts of Wellspring Christian Centre for the year, set out on pages 2 to 5 from the entity's accounting records and from infomation and explanations you have given to us. As a practising member firm of the Institute of Chartered Accountants in England and Wales IICAEW), we are subject to its elhical and other professional requirements which are detailed at icaew.coml members handbook. This report is made solely to you, in accordance with the terms of our engagement letter dated 16 August 2017. Our work has been undertaken solely lo prepare for your approval the accounts of Wellspring Christian Centre and state those matters that we have agreed to state lo you in this report in accordance with ICAEW Technical Release TECH08116AAF. To the fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than you, for our work or for this report. You have approved the accounts for the year and have acknowledged your responsibility for them, for Ihe appropriateness of the financial reporting framework adopted and for providing all infomiation and explanations necessary for their compilation. We have not verified the accuracy or completeness of the accounting records or information and expfanations you have given to us and we do not, therefore. express any opinion on the accounts. Harold Smith Chartered Accountants Unil 32, Llys Edmund Prys StAsaph Business Park St Asaph Denbighshire LL17 OJA WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 DETAILED TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Turnover General Donaled Giving Gift Aid Tax Missions Food Bank 78.285 8,516 2.189 2.020 85,388 4,594 10,476 91,010 100,458 Cost of sales Food Bank Purchases 3.015 11,089 3,015 11,089 (3,015) (11,089) Gross profft 96.690/0 87.995 88.96% 89,369 Admlnlstrative expenses Repairs Ministry Expenses Rates Insuran Light and heat Cleaning Missions Printing, postage and stationery Advertising Telephone Church Activities Administration Legal and prof fees - allowable AGcountsncy Bank charges Sundry expenses - allowable Subscriptions - allowable Depreciation on plant and machinery 4,300 42,118 254 3,257 8,224 3,320 8,689 70 149 312 319 1,302 249 510 (9,931) 1,749 4.613 40,745 72 2.862 1.248 3.905 6,300 62 1,391 612 719 431 1,206 375 3,591 572 2.720 2,458 167.349) (71,424) Operating profit 20,646 17.945 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 BALANCE SHEET ASAT31 DECEMBER 2021 2021 2020 Notes Fixod assets Tangible assets 324,609 326,967 Current assots Trade debtors Cash at bank and in hand 64,928 41,836 64,930 41,836 Current liabilities Trade creditors Accruals 529 420 19 529 439 Net current assets 64,401 41,397 Total assets less current liabilities 389,010 368,364 Capital account At 1 January 2021 Profit for the year 368.364 20,646 350,419 17.945 389,010 368,364 In accordance with the engagement letter dated 16 August 2017,1 approve the accounts set out on pages 2 to 5. l acknowledge my responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1 to the accounts, and for providing Harold Smith with all information and explanations necessary for their compilation. Date '. 1911012022 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting policies 1.1 Accounting convention The financial information is compiled on an agreed accounting basis that: enables profits to be calculated such as to meet the requirements of Section 25 of the Income Tax (Trading and Other Income) Act 2005-, and provides sufficient and relevant information to enable the completion of a tax return. 1.2 Compliance with accounting standards The financial information is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles. 1.3 Turnover Turnover represents amounts receivable for goods and services net of VAT and trade discounts. 1.4 Tangible fixed ass8ts and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows- Land and buildings Leasehold Plant and machinery Fixtures. fittings & equipment 1.5 Leasing WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Tangible fixed assets Land and Plant and Fixtures, bulldings machinery fittings & Leasehold equipment Total Cost At 1 January 2021 Additions 302,488 25,733 101 7,509 335,730 101 At 31 December 2021 302.488 25,834 7,509 335.831 Depreciation At 1 January 2021 Charge for the year 6,974 1,886 1,790 572 8,764 2.458 At 31 December 2021 8,860 2.362 11,222 Net book value At 31 December 2021 302.488 16,974 5,147 324,609 At 31 December 2020 302,488 18,760 5,719 326,967 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 BUSINESS INFORMATION Accountants Harold Smith Unit 32. Llys Edmund Prys StAsaph Business Park St Asaph Denbighshire LL17 OJA WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 CONTENTS Page Accountants, report Profit and loss account Balance sheet Notes to the accounts WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 CHARTERED ACCOUNTANTS. REPORT TO THE PROPRIETOR ON THE UNAUDITED ACCOUNTS OF WELLSPRING CHRISTIAN CENTRE In accordance with the engagemenl letter dated 16 August 2017, we have prepared for your approval the accounts of Wellspring Christian Centre for the year, set out on pages 2 to 5 from the entity's accounting records and from infomation and explanations you have given to us. As a practising member firm of the Institute of Chartered Accountants in England and Wales IICAEW), we are subject to its elhical and other professional requirements which are detailed at icaew.coml members handbook. This report is made solely to you, in accordance with the terms of our engagement letter dated 16 August 2017. Our work has been undertaken solely lo prepare for your approval the accounts of Wellspring Christian Centre and state those matters that we have agreed to state lo you in this report in accordance with ICAEW Technical Release TECH08116AAF. To the fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than you, for our work or for this report. You have approved the accounts for the year and have acknowledged your responsibility for them, for Ihe appropriateness of the financial reporting framework adopted and for providing all infomiation and explanations necessary for their compilation. We have not verified the accuracy or completeness of the accounting records or information and expfanations you have given to us and we do not, therefore. express any opinion on the accounts. Harold Smith Chartered Accountants Unil 32, Llys Edmund Prys StAsaph Business Park St Asaph Denbighshire LL17 OJA WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 DETAILED TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Turnover General Donaled Giving Gift Aid Tax Missions Food Bank 78.285 8,516 2.189 2.020 85,388 4,594 10,476 91,010 100,458 Cost of sales Food Bank Purchases 3.015 11,089 3,015 11,089 (3,015) (11,089) Gross profft 96.690/0 87.995 88.96% 89,369 Admlnlstrative expenses Repairs Ministry Expenses Rates Insuran Light and heat Cleaning Missions Printing, postage and stationery Advertising Telephone Church Activities Administration Legal and prof fees - allowable AGcountsncy Bank charges Sundry expenses - allowable Subscriptions - allowable Depreciation on plant and machinery 4,300 42,118 254 3,257 8,224 3,320 8,689 70 149 312 319 1,302 249 510 (9,931) 1,749 4.613 40,745 72 2.862 1.248 3.905 6,300 62 1,391 612 719 431 1,206 375 3,591 572 2.720 2,458 167.349) (71,424) Operating profit 20,646 17.945 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 BALANCE SHEET ASAT31 DECEMBER 2021 2021 2020 Notes Fixod assets Tangible assets 324,609 326,967 Current assots Trade debtors Cash at bank and in hand 64,928 41,836 64,930 41,836 Current liabilities Trade creditors Accruals 529 420 19 529 439 Net current assets 64,401 41,397 Total assets less current liabilities 389,010 368,364 Capital account At 1 January 2021 Profit for the year 368.364 20,646 350,419 17.945 389,010 368,364 In accordance with the engagement letter dated 16 August 2017,1 approve the accounts set out on pages 2 to 5. l acknowledge my responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1 to the accounts, and for providing Harold Smith with all information and explanations necessary for their compilation. Date '. 1911012022 WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting policies 1.1 Accounting convention The financial information is compiled on an agreed accounting basis that: enables profits to be calculated such as to meet the requirements of Section 25 of the Income Tax (Trading and Other Income) Act 2005-, and provides sufficient and relevant information to enable the completion of a tax return. 1.2 Compliance with accounting standards The financial information is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles. 1.3 Turnover Turnover represents amounts receivable for goods and services net of VAT and trade discounts. 1.4 Tangible fixed ass8ts and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows- Land and buildings Leasehold Plant and machinery Fixtures. fittings & equipment 1.5 Leasing WELLSPRING CHRISTIAN CENTRE CHARITY NO. 1062914 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Tangible fixed assets Land and Plant and Fixtures, bulldings machinery fittings & Leasehold equipment Total Cost At 1 January 2021 Additions 302,488 25,733 101 7,509 335,730 101 At 31 December 2021 302.488 25,834 7,509 335.831 Depreciation At 1 January 2021 Charge for the year 6,974 1,886 1,790 572 8,764 2.458 At 31 December 2021 8,860 2.362 11,222 Net book value At 31 December 2021 302.488 16,974 5,147 324,609 At 31 December 2020 302,488 18,760 5,719 326,967