ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
THE WELLSPRING FAMILY CHURCH
DEREHAM
(COMPANY LIMITED BY GUARANTEE)
CHARITY REGISTRATION NUMBER 1096304
COMPANY REGISTRATION NUMBER 04538259
Independent Examiners Ltd
The Grain Store
Hills Barn
Appledram Lane South
Chichester
Ff)20 7EG

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
Page
Legal and Administrative Inforniation
3to4
Dirertors, Report
5t09
Independent Exam inees Report on the Accounts
io
statement of Financial Artivities
li
Balance Sheet
12
Notes to the Accounts
13to21

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1096304
COMPANY REGIsfRATION NUMBER 04538259
srART OF FINANCIAL YEAR
01 April 2024
END OF FINANCIAL YEAR
31 March 2025
DIRECTORS AT 31 MARCH 2025
Dr H Cdlinson
Mr H Grigg
Mr M Weatherill
Mr D Johnson
Mr H Bailey (appointed 28/01/2024)
COM PANY SECREfARY
Mr T Rouse
GOVERNING INsfRUMENT
Memorandum and Articles of Assc(iation dated 18th September 2002
Amended by a Resolution Dated 12th November 2002.
OBJECTS
a) To advance the Christian faith in accordance with the statement of beliefs appearing in the sched ule hereto in the
County of Norfolk and in such other parts of the United Kingdom or the world as the directors of the charity (herein
called 'the trustee5') may from time to time think fit and to fu￿1 such other purpose5 which are exclusively
charitable according to the law of England and Wales and are connected with the charitable work of the charity.
b) To relieve persons who are in cond itions of need or hardship or who are aged or sick and to relieve the d istress
caused thereby in the said IcKation and in such other parts of the United Kingdom or the world as the trustees may
from time to time thin k fit.
c) To advance education in accordance wfth christian principles by such means as the Trustees may consider
appropriate includ ing by mean5 of establishing and operating any ed ucational establishment or establishments in
the said location and in such otherparts of the United Kingdom or the world as the Trustee5 may from time to time
think fit.
CORRESPONDENCE ADDRESS
The Wellspring Family Centre
35 Neatherd Road
Norfolk
NR19 2AE
PRIMARY BANKERS
National Westminster Bank PIC
32 Market Hace
Dereham
Norfolk
NR19 2AR
INDEPENDENT EXAMINER
G W Schulz FCMA
Independent Examiners Ltd
The Grain Store
Hills Barn
Appledram Lane 5￿th
Chichester
Ft)20 7EG

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
Recruitment and appointment of new tNstees
Trustees are recru ited from within the church membership. They are active, reliable members, of reasonably long
standing within WFC. They are people who clearly demonstrate their understanding and commitment to the vision
and value5 of the church, are deemed to be of gcth Christian character, and give financially to the work of Gcxi in
accordance wfch Biblical beliefs. Furthermore, they are people who demonstrate a competence commensurate wf(h
the fulfilment of the responsibilities of Trustees.
New Trustees are proposed by existing Trustee5, in consultation w￿h the Church Leadership, which has a veto over
the appointment of any Trustee. New Trustees are invited to attend regular Trustees, meetings for an initial
probationary capacity. After this probationary peri￿, rf approved by the existing Trust￿ and Church Leadership,
they would normally be invfted by the existing Trustees to take up the permanent role of a Trustee. After this,
specific roles may be, but not necessarily, assigned to the new trust￿.
Induction and trnining of new trustees
The formal invitation to become a Trustee 'on probation, would include a copy of the Charity Commissions publication
outlin ing "Responsibilities of Charfcy Trustees" the latest of wh ich is 'The Essential Trustee.. What you need to
know" (July 20 15). As nece55fcies arise, or responsibilities emerge, relevant training and resources will be provided
for new trustees. An example may be safeguarding training as provided by 31.8.

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
DIREcfoRS' REPORT
FOR THE YEAR ENDED 31ST MARCH 2025
Leadership and Links
Direction and decisions relating to the incorporated charity are made by the Trustees in consultation with the
Elders/Leaders, who are responsible for governing the life and teaching of the church. On 3 1 March 2025
Wellspring Family Church had two Elders and five trustees. Day-to-day decisions on expenditure and activitie5 are
decided by the leaders and volunteer5 in charge of defined areas of the church, with budgets set and monfcored by
the Trustees.
The powers of appointment or removal of Trustees rests with the members of the charity, who are at present the
Trustees and Elders. New Trustees are selected from the members of the church or from the leaders of other IcKal
ch urches sharing the same vision, so that the Trustee body is wholehearted ly involved in seeing the mission of the
ch urch worked out in practice. On being appointed, new Trustee5 spend time wlth the existing Trustees to ensure
they understand the responsibilities and the legal and financial framework in which the church operates. The
trustees continue to keep all of our policies and pr(Kedures under review to ensure goLKi practice in progressing the
charity's objects.
Wellspring Family Church, fts Trustees, Elders/Leaders and members are commfcted to the restoration of New
Testament principles in the structure and operation of the Church.
The church values the work of Pete Cdlinson who fu￿15 the role of Team Leader, and Phil Eggleton who is a co-equal
member of the team. Together the team of Elders bring spiritual leadership to the church.
The achievement of the charity's objects depends to a large extent on the commitment and work of church
members in their day-to-day lives and in the wider communfcy, and so a purpose of the leadership must be to train,
encourage and support the rest of the church membership in this. This helps the church achieve its great
commission throug h praying, vi5fcing and assisting the sick and others in need, and in pu blic teaching and worship.
Very sig nificant levels of volunteer service are given by the members of the church in these areas, some of
channelled through the important projects of our sister charlty Wellspring Family Centre.
Wellspring Family Church operates primarily but not excluswely in Dereham and the surrounding local villages.
Althoug h the Church is totally autonomous. self-supp(rting and is not part of a denomination, it does form part of a
strong affiliation of about 75 evangelical churches and new chu rch plants across the UK and beyond called
'Relational M ission,.
Wellspring Family Church is actively inVo￿ed with a 'Relational Mission Community. which is led by Jon Beardon. This
smaller sub-group of churches which includes Life Church Sheringham; New Life Community Church, North
Walsham; Kings Community Church, Norwich; Aylsham Community Church; Christ Community Church,
Attleborough. Kingsgate Church, Great Yarmouth,. Life Church, BeCc￿. Gateway Church, Kings Lynn. River
Church, Bath, along with some churches on the continent.
The links with Relat￿nal M ission provides the leaders with friendship, mutual advice and support; ￿ gives the
ch urch a broader perspective on developments in the Christian world and practice, and permits participation in
broader projects such as conferences and overseas projects.
The Church belongs to the national Organisati(￿ The Evangelical Alliance, that represents over a million Christians in
mainstream evangelical churches. LC￿allY it has a g(*)d working relationship with many churches across the
denominations. The leaders meet reg Ular￿ as part of a "churches tcoether" group for fellowship and regular inter-
ch urch activities are well supported. Particular close links are held with the local Baptist church.
The Church works period￿allY with a number of charities with complementary values, such as Christians Against
Poverty, Compassion, and Hope into Action.
Overseas ministry plays a very important part in the lrfe of Wellspring Family Church and particular links wth Serbia,
su pporting Good News Church in Nis in the s(KJth of that c(xJntry and also Coeur de Grace, in Lille. France.

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
DIREcfoRS' REPORT (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general
gu idance on public benefit when reviewing the charity's aims and objects and in plan ning future activfcies and
setting policy for the year.
Review of Charitable Activities
In our efforts to advance the Christian faith in Dereham. we run a full programme of meetings, on Sundays and
midweek w￿h go(Ki attendance and engagement including a substantial number of new members and others
getting involved. A sig nificant step this year has been send ing Wellspring's found ing c(KJple= Jon and Nicky Beardon
to plant a church in the west of England, which had led to others rising up to fill the space they have left. In
addition to this, we continue to support the church plant= All Nations. Watton.
Due to these, and other missional OpportUn￿les. we saw church attendance and membership reduce in September,
but are pleased to see th is grow stead ily as the year has progressed. Pete Collinson regularly runs ou r Com mitment
Course, to welcome new members in.
One of the most significant ways that we engage with the comMun￿Y to share the Gcyxi News of Christianity is
using The Alpha Course. We have run a daytime course this year which was smaller than previou5 courses but no
less successful. We anticipate runn ing a larger one in the autumn of 2025.
An area of development has been the growth of our ywth ministry. The Illuminate youth project - of our sister
charity - has dovetailed well with our young adults. group and our Sunday morning ministry, this year we saw young
people baptised and run the Sunday morning service twice.
All th is has resu ￿ed in regular baptisms of those coming to faith in Christ.
We continue to invest in various sorts of ed ucational training for our staff and members. This year, three of our
members started out on LEAD, joining another three volunteers who are in their second year. They will be joined by
others in the next year. Our staff leaders attend the twice yearly leaders Prayer and Fasting events hosted by
Relational Mission as well as the Teams Day held I(￿ally.
Pete Collinson is been employed as e￿ership team leader, for 4 days per week, raised from 3 temporarily for 2025.
He leads the team with a particular focus on the meeting of the chu rch each Sunday, reg ularly leading worsh ip
meetings and preaching. Pete also oversees the youth provision and has pastoral responsibility across the church.
Since 2023, Wellspring has taken responsibility for regional youth provisit)n: Peter and Hannah Collinson lead Youth
Weekend Away along with a Coup￿ from Christ Community Church Attleborough. We co-ordinate termly youth
services and seek to provide support for youth leaders. Wellspring administers the financial side of the weekend.
Wellspring facilitates the employment of Jon Beardon as a full-time as an elder of the church plant.. River Chu rch,
Bath. Wellspring contributes I day per week towards this. from the funds raised to send him and Nicky to plant the
ch urch. To make u p his remaining salary. contributions are given by Relational Mission for 2.5 days per week for his
role as coordinator, and 1.5 day per w*k for his leadership of the Relational M ission Community.
Since September 2021, Phil Egg leton is employed as a pastor-evangeli5t for two day5 a week. Phil continues to
strengthen the ch urch's links with the local communlty throug h his work. With the rising needs surrou nd ing mental
health, Phil has worked c105ely with Wellspring Farni￿ Centres Well-come project ensuring a close link between this
project and the work of the church.

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
DIREcfoRS' REPORT (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
Review of Charitable Activities (continued)
The chu rch has been active in wider mission of advancing the Christian fafth in Norfolk and North Suffolk and also in
Eu rope. This is possible through the work of Jon Beardon, who assists other Relational Mission chu rches in "our
Relational Mission Community" and co-ordinates reg ional events and leadership support. Local chu rches who have
joined in wth the'20/20' mission to Norfolk and North Suffolk are aiming to reach twenty more places in the next
twenty years whilst simultaneously caring for the existing ten. ￿ one of these churches we are taking a lead in
starting new churches in Watton and Bath, along with missional endeavour in Fakenham where a number of our
members live. The church in Watton now meets weekly on a Sunday as well as midweek. New leaders are being
trained and developed.
The Communfcy also includes churches in Serbia and the Czech Republic. ￿ a I(￿al church we have focused energy,
money and volunteer time given to support for these our network partners. Pete Collinson led a trip to support the
flourishing work in Nis, Southern Serbia, along wfth the Roma churches surrounding the city. He twk a small team
of church members to assist in this. We have sent a member to serve as an intern in Serbia for a year, which
concluded in August 2024, successfu Ily.
A signficant change for the church is the cessation of the employment of Toby Rouse as Centre Co-ordinator
[employed jointly by Wellspring Church and Centre]. He completed a thorough handover to Denise Wells, who works
2.5 days per week, solely for the Centre charity. This has led to some increase in responsibility for Pete Collinson and
Ph il Egg leton. The church is extremely grateful to Toby for his hard work in growing the systems and ministry-
potential behind the scenes at the church. Toby remains a member of the church and company secretary.
Our second charitable object is largely met through our partnership with Wellspring Family Centre charity. We have
continued to make premises available for this. We continue to encourage church members to lead and support this
work, contacting and hosting l(Kal children. y(xJth. and people with mental health problems and other long- term
cond itions.
We have continued to provide the local distribution centre for the M id-Norfolk Focxlbank, the demand for which sad ly
continues to grow. We would like to express our thanks to the dozens of volunteers from amongst the church
members, as well as the support we receive from other church groups in the Dereham area, and the partnership
with other Relational Mission churches across East Anglia with which we have close friendship.
P￿Ure Plans
Wellspring continues to grow in depth and numbers as we s*k to further the Christian fath in Dereham and
further afield. Projects centred on growing disciples and reaching non-christians are being planned. A particular
area of development is to see growth in our leadership teams.
We plan on developing our Life Group structure to draw members closer to the vision of the leadersh ip and to d raw
midd le leaders closer to each other in their shared mission.
We have an Alpha course planned, and intend on using a neurtral venue with a view to attracting people who have
struggled to come into a church building.
We plan on continuing our support for our friends in other churches= Phil plans on vistting Serbia to help refurbish
their new building, and Pete will lead a team who will visit QEur de Grace in Lille. to provide some relief wh ile one of
their leadership families takes a sabbatical break.

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
DIREcfoRS' REPORT (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
Financial Overview
Between 1st April 2024 and 31st March 2025. the overall income was £283.119 and the expenditure was
£278,042. The surplus of £5,077 will add to our reserves.
We recognise that a large portion of our reserves (£32,342) is restricted fijnds we are holding for other parties as
part of our intermediary work for intemational mission and specific events or purposes.
We are encouraged by an consistancy in regular giving wrthin the church, and we continue to review the churches
finance regularly. We give thanks to G(Ki and the congregation for their generosrty.
The Church has continued to see g rowth in numbers attending and continues to raise its profile wfth and to serve
the local community and beyond through the various examples mentKJned above.
As of February 2025 we have started to put aside £1,000 a month into a desig nated Bu ild ing Fund. This is to act in
faith and ensure we are in a position should a viable building become availab￿.
Reserves policy
The Trustee Board has examined the charity's requirements for reserves in light of the main risks to the
organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed
assets held by the charity should be 3 months of the expenditure.
Budgeted expenditure for 2025126 is £133,152 and theref(￿e the target is £33,288 in general funds. The reserves
are needed to meet the working capfcal requirements of the charity and the Trustees are conf￿ent that at this level
they would be able to continue the current activities of the charity in the event of a significant drop in funding.
The present level of reserves available to the charity of £54.84 1 therefore above this target level. We have sufficient
reserves so that we can reasonably continue to plan an operating defic￿ in order to increase ou r public beneft.
Grant Making Policy
Gifts to external organisations and ind Niduals are considered by the Trustees on the basis of need and fulfilment of
the charitable objectives. There are no u pper or lower limits.
Risk Statement
The Trustees continue to review the major strategic, business and operational risks which the charlty faces to
ensure that these risks are minimised or properly managed. All major insurable risks are subject to normal church
and employers, insurances. Contractual risks are reviewed before being entered into to assess that they could not
sig nificantly impact u pon the church's ability to fulfil its objectives.

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
DIREcfoRS' REPORT (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
Directors. Responsibilities
statement of Directors, Responsibilities:
The Charities Act 2022 and the Companies Act 2006 require the directors to prepare financial statements for each
financial year which g ive a true and fair view of the state of affairs of the company as at the end of the financial year
and of the su rplus or deficit of the charity. In preparing those financial statements the directors are req uired to
a) select suitable accounting policies and then apply them consistently-
b) make judgements and estimates that are reasonable and prudent;
c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
will continue in business;
d) state whether applicable accounting standards and statements of recommended practice have been
subject to any material departures disclosed and explained in the financial statements.
The Directors are also responsible for maintaining adequate ￿cOUntIng records wh￿h d isclose with reasonable
accuracy at any time the financial p0sf(￿ of the company and which are sufficient to show and explain the
company's transactions and enable them to ensure that the financial statements comply wf(h the Companies Act
2006 and comply with reg ulations made under the Charities Act 2022. They are also responsible for safeg uarding
the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and
other irreg ularities.
The Directors are also responsible for the of the Directors, rep(rt. and the responsibilty of the independent
examiner in relation to the Directors, report is lim￿ed to examining the report and ensuring that on the face of the
report there are no inconsistencies wrth the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies regime.
I approve the attached statement of financial activtties for the year ended 3 1st March 2025 and balance sheet
and confirm that I have made available all informati(M) necessary for its preparation.
2610912025
Approved by the Directors on the.......................................................
Signed on their behalf by Direct
H Grig.g................................................................
Print Name...

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT ON THE AccouKrs
FOR THE YEAR ENDED 31ST MARCH 2025
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025
which are set out on pages 10 to 20.
Respective responsibilities of trustees and examiner
As the charity's trustees of The Wellspring Family Church you are responsible for the preparation of the accou nts in
accordance wth the requirements of the char￿leS Act 2022 (Ihe Act?-
I report in respect of my examination of The Wellspring Fami￿ Church's accounts carried out under section 145 of
the 2022 Act and in carrying out my examinatiC￿ I have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the Act.
Independerrt exam inerfs statement
Since The Wellspring Family Church's gross income exceeded £250.000 your examiner must be a member of a b￿Y
listed in section 145 of the 2022 Act. I confirm that l am qualfftd to undertake the examination because I am a
member of the Chartered Institute of Management Accountants. which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with
the examination g iving me cause to believe that in any material respect..
accounting record5 were not kept in respect cé The Wellspring Family Chu rch as req uired by section 130
of the Act. or
the accounts do not accord wtth those records: or
the accounts do not comply with the accounting requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any req uirement
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 c(M)nection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the acc(KJnts to be reached.
G W Schulz FCMA
Independent Examiners Ltd
The Grain Store
Hills Barn
Appledram Lane South
Ch ichester
P020 7EG
Date: 2610912025
io

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
STATEMEKf OF FINANCIAL AcfIvThIES
FOR THE YEAR ENDED 31ST MARCH 2025
Incorporating Income & Expenditure Account
Unrestricted Restricted
Funds
Funds
Total
2024125
Total
2023124
Notes
INCOMING RESOURCES
Donations & Legacies
154,918
124,593
279,511
241,620
Investment Income
3b
540
540
288
Charitable Activities
3,000
3,000
23,705
Other Income
68
68
25
TOTAL INCOMING RESOURCES
124 593
283 119
265 637
RESOURCES EXPENDED
Costs of Charitable Activitie5
146,209
132,232
278,441
241,529
TOTAL RESOURCES EXPENDED
13
232
241 529
NET INCOMING/(OUTGOING) RES)URCES
11317
(7,640)
4,678
24,108
TRANSFERS BEfwEEN FUNDS
(6,852)
6,852
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Balances Brought Forward
251,462
33,130
284,592
260,484
BALANCES CARRIED FORWARD
256 927
342
289 269
All of the Charity's operations are classed as continuing operations.
The notes form part of these financial statements, found on pages
13to21

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2025
Unrestricted Restricted
Fund
Fund
Total
Total
31-MaTr25 31-MaTr24
Fixed Assets
Tang ible Asset5
Notes
172,000
172,000
172 000
172,000
172 000
Current Assets
Debtors & Prepayments
Cash at bank and in hand
5,870
110,942
5,870
143,285
32,342
150,144
Total Current Assets
116 812
342
149 155
Creditors: amounts falling due
within one year
NET CURRENT ASSETS
11,164
11,164
10,540
105,648
32,342
137,990
139,604
TOTAL ASSETS less current liabilities
277,648
31342
309,991
311,604
Creditors: amounts falling due in
one year
io
20,722
20,722
27,013
NET ASSETS
256 927
342
289 269
FUNDS OF THE CHARITY
General Funds
Restricted funds
256,927
256,927
32,342
251,462
33,130
32,342
TOTAL FUNDS
256 927
289 269
Dirertorfs responsibilities:
For the Year ended 31st March 2025.
The Directors are satisfied the charitable company was entitled to exemption from the requirement to obtain an
audit under section 477 of the Companies Act 2006 relating to small companie5. The members have not required
the company to obtain an aud fc for the year in question in accordance with section 476 of the Compan ies Act.
However, in accordance with section 145 of the char￿leS Act 2022, the accounts have been examined by an
Independent Examiner whose report appears after the Notes to the Financial Statements.
The Director(s) acknowledge their responsibility for complying wlth the requirements of the Companies Act 2006
with respect to accounting records and the preparation of aCC￿ntS.
The accounts have been prepared in accordance wfch the provisi￿5 in Part 15 of the Companies Act 2006
applicable to companies subject to the small compan￿5 regime and in accordance with FRS102 SORP.
The directors acknowledge their responsibility for ensuring that the company k￿p5 proper accounting records
wh ich com ply with sections 386 of the Act 2006 and for preparing financial statements wh ich g ive a true and fair
view of the state of affairs of the company as at the end of the financial year and of rcs profit and loss for the financial
year in accordance with the requ irement of sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
Approved by the Directors on the.2610912025
Signed on their behalf by Director.
Print Name.. H Grigg
Company RegistratK)n Number .
04538259
12

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE AccouNrs
FOR THE YEAR ENDED 31ST MARCH 2025
I. ACCOUNTING POLICIES
The principal accou nting policie5 are summarised below. The accounting policies have been applied consistently
throughout the year.
Basis of preparation:
The financial statements have been prepared under the historical cost convention with items recognised at cost or
transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in
accordance w￿h the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102)
(effective l January 2015) - (Charities SORP FRS102) and the Charities Act 2022.
The Charity meets the definition of a public benefft entity under FR5102. Assets and liabilities are initially recogn ised
at historical cost unless Otherwise stated in the relevant accounting policy note5.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material
uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financwl Activities (SOFA) when..
. the charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and
the monetary value can be measu red with sufficient reliabiltty.
Incoming Resources with Related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming
resources and related expenditure are reported gross in the SOFA.
Grarrts and Donations
Grants and donations are only included in the SOFA when the char￿Y has uncond itHJnal entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resou rces from tax reclaims are included in the SOFA at the same time as the g ift to which they relate.
Taxation
The charity is exempt from tax (M) its charttable activttEs.
Legal Status of the Charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up,
the liabilty in respect of the guarantee is limited to £1 per member of the charity.
Gifts in Kind
Gifts in kind are accou nted for at a reasonable estimate of their value to the charity or the amount actually realised.
Gifts in kind for sale or d istribution are included in the accounts as glfts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as income receivable.
Volunteer Help
The value of any voluntary help received is not included in the account5 and is described in the Directors, annual
report if applicable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amcmjnt in resources expended ) where the benefit
to the charity is reasonably q uantifiable, measurable and material. The value placed on these resources is the
estimated value to the charity of the service or facility received.
Investment Income
Th is is included in the accounts when receivable.
Investment Gains and Losses
Th is included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments
to market value at the end of the year.
13

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31ST MARCH 2025
I. ACCOUNTING POLICIES (corrtinued)
Expenditure and Liabilities
Liability Recognition
Liabilities are reccMJnised as soon as there is a legal or constructive obligation committing the charity to pay out
resou rces.
Govemance Costs
Include costs of the preparatKsn and examinatiC￿ of statutory accounts, the costs of the trustees meetings and
cost of any legal advise to trustees on governance or constitutional matters.
Grants with PerfOrnIan￿ Conditions
Where the charity gives a grant with conditions for ￿5 payment being a specffic level of service or output to be
provided, such grants are only recog nised in the SOFA once the recipient of the g rant has provided the specified
service or output.
Grarrts Payable without PerfOrnian￿ Conditions
These are only recognised in the accounts when a commrtment has been made and there are no conditions to be
met relating to a g rant which remain in control of the chartty.
Investments
Investments quoted on a recognised st(Kk exchange are valued at market value at the year end. Other investment
assets are included at trustees, best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Fund Accounting
Fu nds held by the charity are either..
Unrestricted funds
These are funds which can be used in accordance w￿h the charitvs objectives. at the discretion of the
trustees.
Restrirted funds
These are fu nds that can only be used for particular restricted purposes within the objects of the charity.
Designated funds
These funds are funds set aside by the trustees ¢xJt of unrestricted general funds for specific purposes or
projects.
Fu rther explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at
cost or, ff gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated usefu I live5. The
rates applied are as follows:
Land & Building 35 Neartherd Rd
U nrestricted Equipment
Property - Lisbon Road
OU/0
25010
OU/0
There has been no change to the accounting polices (Variation rules and meth￿5 of accounting) since last year.
14

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31ST MARCH 2025
2. FIXED As$￿s
2a. TANGIBLE FIXED ASSETS
Land & Building
35 Neartherd Rd
Unrestricted
Equipment
2024125
Cost
At l April 2024
Additions
At 31 March 2025
150,000
3,360
153,360
150 000
153 360
Accum ulated DeP￿CIatIOn
At l April 2024
Charge for the Year
3,360
3,360
At 31 March 2025
3,360
3,360
Net Book Value
At 31 March 2025
At l April 2024
150 000
150,000
150,000
The annual commitments under non-cancdling (4)erating leases and capital commitments are as follows..
31st March 2025 . None
31st March 2024 . None
2b. FIXED ASSETS INVEsfMENTS
Property -
Lisbon Road
2024125
Cost
At l April 2024
Additions
At 31 March 2025
22,000
22,000
Accum ulated DeP￿CIatIOn
At l April 2024
Charge for the Year
At 31 March 2025
Net Book Value
At 31 March 2025
At l April 2024
22,000
22,000
The Church has £22,000 investment in a property used in partnership with Hope Into Action to house and support
those in danger of homelessness. The rate of return is 20kn minus associated costs..
15

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE AccouNrs
FOR THE YEAR ENDED 31ST MARCH 2025
3. INCOMING RESOURCES
Unrestricted Restricted
Funds
Funds
Total
2024125
Total
2023124
Note
a) Donations & Legacies
Contributions from other charities for
ministry
Gift Aid Tax Recovered
Misc Income
Tithes, Gifts & offerings
Donations-wellspring Fami￿ Centre
House purchase donation5
Youth weekend
69,459
27,028
1,795
113,937
3,780
23,317
2,303
21,662
6,189
27,851
133,256
118,404
251,660
124 593
279 511
241 620
b) Investment Income
Interest Received
540
540
288
288
c) Incom ing from Charitable Activities
Conference Income
Relieving Local Need
Relieving International Need
Su pporting International M i55ions
Train ing Support
Restricted income
Venue Lease
2,476
8,625
6,149
6,080
500
(125)
3,000
3,000
d) Activities for Generating Funds
Books & Publications
68
68
25
68
25
16

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31ST MARCH 2025
4. RESOURCES EXPENDED
Unrestricted Restricted
Funds
Funds
Total
2024/25
Total
2023124
Note
Charitable Activities
Charity Management & Administration:_
Ad ministrative Expenses
Resources & Publications
Train ing Costs
Travel & Subsistence
1,335
1,892
1,633
942
5,803
203
1,538
1,892
3,333
1,923
9,447
8,373
1,700
591
2,494
8,297
22,212
Charity Running Costs:_
Equipment Costs
Sundry Expenses
Printing & Stationery Costs
Room Hire
Telephone & E-mail
1,384
467
80
1,384
989
104
2,799
20
5,297
2,932
19,039
522
24
2,799
20
1,952
3,345
21,971
Giving Out:_
Conference Costs - Christian Mission
Contribution to churches/Relational
Charitable contributions to Wellspring
3,363
9,030
73,260
2,310
76,623
11,340
13,817
6,750
38,453
83,773
122,226
46,060
Ministry Costs:_
Evangelism
FOL Church CAP Debt Centre
Mercy Ministry
M inistry Costs
Youth & Children's Work
421
500
1,050
1,866
216
637
500
3,285
2,208
3,239
2,235
342
3,409
4,852
12,056
16,908
7,925
other:_
Su pporting International M ￿slon
Relieving need (local)
13,711
21,864
staff Costs:_
Wages & Salaries
Employer's National Insurance Costs
Pension Contributions
Non-Payroll Staff
62,446
15,847
8,873
18,677
6,092
5,772
81,123
21,939
14,645
76,436
23,249
14,087
88,705
30,541
119,246
113,772
Governance costs:_
Professional fees
Independent Examiner Fee/fees
Bank & Interest Charges
Insurance Costs
601
1,260
4,301
1,948
2,915
1,948
2,939
23
6,444
23
6,467
7,726
13
232
241 529
17

THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31ST MARCH 2025
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
Balan
01-ApTr24
Gains &
(Losses)
Balance
31-MaTr25
Income
Expenditure
Transfer
Relieving Local Need
Need
Su pporting International
M ission
14.232
3,446
(14,232)
(3,446)
(o)
(o)
11,616
(11,616)
Conferences (Incl.
Ch ristian Mission )
Accomm￿ate Fund
CWA
Café Restoration - Nepal
Fakenham
Food Cabin
Go West
GoodNews Church
Local M ission Dereham
Mercy Ministries
Newday
Serbia Building
Serbia Emergency Fund
Serbia Sponsorship
Train ing Support
Watton Funds
YWA
Balkans The Call
Huegett Support
May Gift Day
3,336
(3,336)
841
4,328
500
1,126
6,703
38
(31,931)
946
269
327
43,194
2,649
375
500
4,570
4,409
498
(36)
(800)
(6,438)
805
3,528
5,938
1,126
1,500
45,181
36,131
(8,203)
(31,197)
(3,600)
(37)
(235)
(1,504)
(62,894)
(238)
(1,263)
(500)
(4,307)
(7,845)
(498)
(2,000)
(641)
14,023
600
909
34
171
1,347
19,700
525
888
2,936
2,968
8,415
3,231
4,979
2,000
641
124 593
132 232
Du ring the year the trustees deemed it appropriate to better disclose the purpose of each restricted fund to give
greater accuracy. Therefore the previously described funds were split into their ccfftponent parts. A further transfer
was made to include the Watton Church Hant fund as a restrIct￿n to show that the wtshes of those who have
donated to All Nations Church are being fulW respected.
18
THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARANTEE)

NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31ST MARCH 2025
5. REsfRICTED FUNDS (Continued)
PREVIOUS FINANCIAL YEAR
Balan
01-ApTr23
Gains &
(Losses)
Balance
31-MaTr24
Income
Expenditure
Transfer
Relieving Local Need
Relieving International
Need
10.537
7.765
(4.070)
14,232
35,497
6,149
(38,199)
3,446
Su pporting International
M ission
Training Support
Conferences (Incl.
Ch ristian Mission )
Equipment Support
House Purchase
M iscellaneous
34.372
718
6.080
500
(28.836)
(718)
11,616
500
1,678
(193)
2,476
(819)
193
{20,122)
125
3,336
20,122
(125)
81609
42,968
92.446
33,130
The Restricted Funds are whdly represented by the Charfty's cash reserves and are to be expended as specified
above.
19
THE WELLSPRING FAMILY CHURCH
(COMPANY LIMrrED BY GUARAKfEE)

NOTES TO THE AccouKfs (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
6. INVEsfMENTS
The Church had no investments during this or the period financial period. However it made a Fixed asset investment
in a property for £22,000 used in partnership with Hope Into Action to house and support those in danger of
homelessness. The rate of return is 20kn minus associated costs. See Note 2b for Fixed asset investment.
7. CASH AT BANK AND IN HAND
Unrestricted Restricted
Funds
Funds
Total
Total
31-MaTr25 31-MaTr24
Cash at bank and in hand
143 285
8. DEBTORS AND PREPAYMENTS
Unrestricted Restricted
Funds
Funds
Total
Total
31-MaTr25 31-MaTr24
Su nd ry accounts receivable
Prepayments
Gift Aid
3,000
1,370
1,500
3,000
1,370
1,500
9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted
Funds
Funds
Total
Total
31-MaTr25 31-MaTr24
stewardship (mortgage)
Pensions
Independent Examiner's Fee
9,384
400
1,380
9,384
400
1,380
9,280
1,260
20
THE WELLSPRING FAMILY CHURCH
(COMPANY LIMtrED BY GUARAKfEE)

NOTES TO THE AccouKfs (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
unrestrict￿ Restricted
Funds
Funds
Total
Total
31-MaTr25 31-MaTr24
Stewardship (mortgage) (Formerly Charity Bank)
20,722
20,722
27,013
Du ring the year ended 31st March 2009 financial peri(Kl Wellspring Family Church. Dereham acq uired Land &
Building at 35 Neartherd Road. Dereham. Norfolk. NR19 2AE at a cost of £150,000. The Charity made a capital
contribution of £50.000 and remaining funds were provided by a mortgage from Stewardship (formerly with The
Charity Bank Ltd}. Stewardship have provided the mortgage of £IOO,000 over a 25 year term wth various monthly
repayments in the current year totalling £9,280. The mortgage c(Mnmenced on the 1st October 2008, with
maturity on the 1st October 2033.
11. STAFF COSTS AND NUMBERS
TOTAL
2024/25
TOTAL
2023124
Gross Wages & Salaries
Employer's National Insurance Costs
Less= HMRC Employer Allowance
Pension Contributions (£14245 less £7495 of salary sacrfic
108.205
10.132
(5.000)
6,751
104,407
9,608
(5,000)
14,084
Average number of employees who were engag￿ in each of the following activities:
TOTAL
2024/25
TOTAL
2023124
Charitable Activtties
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments
in excess of £60,000.
(2023124- None)
12. DIRECTORS AND OTHER RELATED PARTIES
M r P. Collinson (husband of Dr H. Collinson) received £24,081 {2023124: £ 18,188) in gross salary related payments
and £963 (2023124.. £ 1,569) in Pension Contributions in his capacity as the lead Elder of the Wellspring Family
Church in furthering the charity's objects.
No other material payments were made to directors or any persons connected with them during this financial
period. No material transaction t(M)k place between the charfty and a director or any person connected with them.
(2023124- None)
21