Rggistered number". 05031499
Charity number". 1103139
WELLSPRING SErrLEMENT
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Bishop Fleming

WELLSPRING sErrLEMENT
IA COMPANY LIMITED 8Y GUARANTEE)
CONTENTS
Page
Reference and Administratlv8 Dètails of the Charlty, Its Trustees and Advisors
Chalrman's Slatemgnt
Trustees. Report
4-11
Indepèndent Audftor$' Report on the Financial Statements
12-15
Statement of Financlal Actlvltles
18
Balan¢• Sh•91
17
Statement of Cash Flows
18
Notes to the FSnan¢Tal Statements
19-34

WELLSPRING SE￿LEMENT
(A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2022
Trustees
Abdi-S8lam Askar (appointed 25 January 20221
Abdi Mohamed. Treasurer
Abdilaahi Duale {Tesigned 28 September 20211
Abdullahi Farah
Anne Joslin
Gerry Monaghan
Kerry Rowe, Vice Chair
Mike Phipps
Sarah Jahfar
Sandra Kelly
Thomas Meacock, Wice Chair
Will Bee. Chair
Abdihakin Asir (resigned 23 November 20211
Yvonne Deeney (resigned 23 November 20211
Company reglstered
numbgr
05031499
Charity Yogislered
number
1103139
Registered office
43 Ducie Road
Barton Hill
Bristol
BS5 OAX
Company secretary
Joanna Holmes
Key management
personnel
Joanna Holmes, CEO
Anya Mulcahy-Bowman, Deputy CEO (appointed July 2021 }
Afzal Shah, Deputy CEO lappoinled July 2021 }
Paul Simpson, Deputy CEO
Independent audltors
Bishop Fteming LLP
Chartered Accountants
10 Temple Back
Brlstol
BS16FL
Bankers
Lfoyds Bank PIC
Regent Street
Kingswo(xl
Brist
BS15 8HT
Sollcltors
Burges Salmon
1 Glass Wharf
Bristol
BS2 OLX

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEEI
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2022
Th8 chair presents his stalement for the year.
The 2020-21 annual report was dominated by the Covid pandemi¢ and its impact on Wellspring SettleTnent and
this year il continued lo shape many aspects of our work. As the year passed lockdowns ended and the rollout
of the vaGcine meant that Ilfe began to relum to something mrjre familiar, allhough il could certainly not be called
normal.
The lasting effects of Covid had a major impael on our serwces. The deterioration in many people's mental
health meant sharply rising demand for our so¢i81 prescribing services. Fnjstralingly a significant proportion of
referrals to this service were inappropriate as patients needed proper mental health treatment bLJt there simply
wasn't the capacity lo meet demand. Pushing people onlo our services was not good for the patients involved
and imposed an unnecessary stress on our staff 8$ they struggled lo cope wlth referrals whose needs they were
not equipped to meet. Ori tho positive side il wa5 good to see an increase in funding for phyEical activity which
means that we can help some of the many people whose acts'wty levels plummeted during lockdown.
Our BOOST setvlce saw steadily climbing demand as financial support for the impact of Cowd was wilhdrawn,
peaking after the end of the £20 a week uplift to Universal Credit in October. Unfortunately this coincided with
reduction in the grant support for BOOST as we move(1 from one round of Brlstol Investment Funding lo
second.
As the report whlch follows shows all our services saw an increase in demand Iwllh the exception of room hire
which we are reopening in a phased way) bul sadly this coincided with a tighter funding situation as both the
statutory services and charitable Trusts cut back on the money they had released to respond lo the immediate
impact of Covid. This leaves Wellspring Settlement, like many other community groups, caught in an awkward
situation of rising demand and declinirig funding.
During the year we continued to complete some of the inlegrallon work folk)wlng our merger whlch had lne￿t8bty
been delayed as we Tesponded q(Jickly to the Covid pandemic. At the beginning of the year Elaine Flint left as
Co-Director and Joanna Holmes was Confirmed as CEO, the Board also agreed lo her request lo reduce her
hours as she turned her mind lo her own eventual departure. To strengthen the sènior leadership team. we
recruited tsyo additional Deputy CEOS, Anya Mul¢ahy-Bowman and Afzal Shah.
In addition lo these new posts a significant degree of rearrangement of the staffing 8lnJcture was negotiated to
align the staffing teams and their work with the newly adopted strategy for Wellsprlng Settlement. All this
required time and patience from staff while conllnuing to deliver high quality work and the Boaid is grateful to
them.
Like many organisations we also found it drtficull to reGruit staff and carried a number of vacant posts at limes
during the year. Vvhile we worked hard lo maintain the standord of our services il delayed some of the additional
work to Gomplete the merger and ensure that we had a consistent approach in evorything we did. Of courso, for
much of the year staff spent part of the week working from home and il was notable how they 8ppre¢iated tre
opportunlties lo get together and sharo knowledge and experience. The Board recognlses that much of the
potential for joined up working created by the merger has yet lo be fulfilled and we look forward to maklng further
progress In the coming year.
We now know that this phase in the development of Wellspring Sewement will have a new leader as shortty after
the end of the financial year Joanna Holmes gave notice to end her employment as our CEO. Joanna has done
fantastic job over 20 years lo build up the Sgttlement., not just a vital community anchor for the Barton Hlll area.
but an organisalion which is respected on a national and international basis. She has led the Settlement through
some very tough limes bul leaves us in a very strong position. It will be a tremendous challeng8 to follow In her
footsteps bul the Board are optimistic that we can find the dynamic and visionary leader we need to take
Wellspring Settlem9nt fo￿ard. Indeed at the point of writing this report we have just appointed a very strong
candldale lo fill the post.
By the time of the next report Joanna will have moved on so it seems appropriate here lo thank her for the huge
amount she has done for the Settlement. Sh& has been steadfast in her commitment to serving the local
community, and creative in finding ways to gene¥ate income to support our work and maximise the usa of our
buildings. As a leader she has been supporbve and empathetic while always being prepared lo lake the tough
decisions when necessary. The Sèttlgmenl owes her an enormous debl of gratitude for all she has done over

WELLSPRING SETTLEMENT
{A COMPANY LIIAITED BY GUARANTEEI
CHAIR'S STATEMENT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
the years.
Will Bee
Chair
Date..
Page 3

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The tsustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2022. The Annual Report serves
the purposes of both a Trustee's report and a director. report under company law. The Trustees confirm that the
Annual Report and financial staloments of the tharitable company comply with the current Statutory
requirements, the requirements of the charitsble CoMpan￿S governing document and the provisions of the
Statement ol Recommended Practice ISORPI applicable lo charities preparing Ihelr accounts in accordance wth
the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS1021 leff8ctive l January
20191.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
The company's name is Wellspring Settlement with effect from the dale of transfer lo the charity of the charitable
undertaking of Wellspring Healthy Living Centre {charitsble number 11345931 on 1st February 2020. Wellspring
Settlement is a charitable company limited by guarantee. not having a share capllal. 11 was previously known as
Barton Hill Settlement which fomed as a company on 2 February 2004.
Recrullment and appointment of charlty directors
The Directors of the Company are also the Charity Trustees. The Articles of Assoclation requiTe that Directors
who have completed a three-year lem7 of appointment shall retire al the annLsal general meeting. They shall be
eligible for reappoinlment subject lo a maximLsm of three terms of office. Any director who has completed three
temis of appointment must slep down from the board for a period of 12 months before they can be reappoinlgd.
Any director serving as a director on 18 December 2019 shall k taken to commence their first Ihree-year term
. frL¥n that date.
All Trustees of the Board give their time voluntarily and receive no benefits from the charity.
The Charltys area of benefit is very diverse and therefore the Board of Trustees seek to ensure that the needs
of the different communities are reflected through the diversity of the trustee body. The first board of Iruslees
were all Wellsprlng Healthy Living Centre and Barton Hill Settlement Trustees who wshed to join the Board of
the merged Wellspring Settlement and continued to act as Trustees through the first financial year and in this
financial year the appropriate numbers of people stepped down and new.Tru51ees were appoint￿1.
Trustee Inductlon and tralniDg
An induction session to irbtroduce all trustees to the work of the merged organisalion was organised shortly after
the completion of the merger. In this year three subgroups were sel up.. one lo woth on The Swan and asset
development, the Ternple Quarter development and another lo look at Adult Social Care. All subgroups mel o
several occasions and Submitted reports for the Board's decision. Wellspring Settlement will continue the
practice of recruiling trustees who are local resldenls and are eurrenlly. or have been, seTvice users so that they
already have a goo¢1 understandlng of some of the organlsation's work. New trustees will be given a pack of
infomialion containing key Infomialion such as M&A's. charfty c¢)mmisslon FAQ'S, audited accounts, previous
board meeting agendas 8nd minutes, and the tegal responsibilities of being a company director.
Organlsatlonal structure
Wellspring Settlement has a board with a maximum number of 15. One thlrd of the Current members of the
Board steps down each AGM and their C￿￿8￿1 term of office is termlnaled. They are eligible to stand for re-
election for ￿ further 3-year terms. A further third of the current members of the Board stepped down at the
AGM 2021 and their term of office was be temiinated. They were eligible lo stsnd for re-election for ￿ lurther
3-year lemis. If any member steps down part way through their 3-year tem of offlee the Board can appoint
someone lo fill this vacancy f¢x the remainder of the term.
Tnjstees meet monthly and ar8 responsible for the strategic direction and pollcy of the Charity and budget
setting, including remuneration of staff. At presenL the board has 10 ftjll members plus the Chair and Treasurer.
There are three sub-groups operating cur￿n11Y. A scheme of delegation is in place and day lo day responsibility
for the provision of the services rests with the CEO along with the Wellspring Settlement Management Team.
The CEO is responsible for ensuring the charity delivers against contracts and implements the strategic plans.
The management team are responsible for the operatlon, review and development of the charitys finaneial
information SyEtems along with running the day-to-day finances,- fundraising. strategic development of the
Paae 4

WELLSPRING SErrLEMENT
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
serwces and the day-to-day management of Servi￿ delivery., the day to day running of the Centre and
management of the assets.
Wlder networks
Wellsprlng Settlement is a member of Locality. a national umbrella body. and locally is a member of Voscur and
of the Care Forum.
Key partnerships
Wellspring Settlement works in many partnerships such as with Knowle Wesl Health Park and Southmead
Development Trust. Together we form the Healthy Living Consortium. and we deliver major programmes in
Partnership with them. We work in partnership with olhgr communlty anchor organi5ations ICAOS) lo be Locality
leads for the NHS. in the Make il Local consortium exploring new ways of working within Adult Social Care and
with CAOS and the University of Bristol on Many Neighbourhoods One City lo influence F)olicy makers. We work
with Talking Money, and others lo run Boost Finance. Those are just a few examples of many long lemi as well
as new partnerships.
Merger process
Wellspring Settlement formed on 1st February 2020 after a ljvo-year merger feasibility process be￿een Barton
Hill Settlement and Wellspring Healthy Living Cenlre. Ils launch became immediately consumed with preparing
for the COVID-19 pandemic, delawng some of our integration and business planning. We have caught up on this
during the year and now have a new website. comms strategy, many new policies and fully integrated reception
and SFte teams.
Successlon planning
Elaine Flint. Co-Director, retired in March 21. This was planned and part of succession planning for the
organisalion. Joanna Holmes became CEO on 3 days per week and two new Deputy CEO'S were appointed in
July 21 to work alongside the existing Deputy, Paul Simpson. This was lo build immediate strategic links across
the Ctty and capacity in the organisalion for the period beyond Covid whith we predicted would be tough for the
communities we serve as well as for the demands placed on organisations such as Wellspring Settiernent.
Difficulties fillSng some vacancies meant that this capacity was used lo cover the unfilled posts for som8 periods.
COVID-19 pandemlc and beyond
Wellspring Settlement became the emergency hub for the Lawrence Hill ward, acting as part of a co-ordinated
response with Bristol City Council, Feeding Bristol and many other organisations. As recorded fully in last year's
Trustees Report, a comprehensive range of new and existing services were operated face to face, by phone as
well as eleclronicalFy-
The impact of this was stronger relationships with local people, new contacts wtth people who are isolated, as
well as new opportunltie$ for more strateglc contracts across the City. Since then, this work has developed into
looking at new, more Inlegraled ways of worklng with the City Council and Health with Iwo contracts direcuy
¢oming from this and other$ in the pipeline inclLKling for welcome and wami spaces.
Our room bookings were ?ro during lockdown and reslarted gradually, late in 2021. Our tenants remained
stable during the covid perlod and are now all back working fiom site. The Micro Settlement was completed and
the new tenants moved in during July 2021. We were delighled lo wel¢ome the University of Bris1018nd Bristol
Refugee Rights as new lenanls. We have focussed on many ways for the staff team tcs gel lo know each other
both for the first lime and renew fa¢e lo face working for others. We have started a new communications team
for staff across the organi88tion so that we expand our communications with the local community as they slowly
retum to pre covid daily routines and octivilies. The staff leam have all had communications training, have joined
refiectlve learning sets and the￿ 1$ a programme of ongoing leamlng prepared and starting in September 22.
One of the impacts of the covid period was some staff deciding to leave and there was approximately a ona third
staff ehLtrn. It has been sad to see people leave but also positive to wéleome new staff who bring new energy
and ideas. Our staff team are now 38% BAME, part of a longer-term plan to ensure our staff team rellècts our
diverse local communities. We were affected by the national issue of difficulty to recruit lo some posts but have
resolved this laigely now. though some took much longer than normal and dolayed some deSivery e.g. CASS
Manager vacancy.
Page S

WELLSPRING SEfTLEMENT
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
The longer-temi impacts of covid are beginning to emerge with mental health issues featuring strongly for Ioc81
people. The major issue though remains the undertwng economic challenges which were so apparent durlng
Covid and have been amplified further with the cost-of-living crisis. There have been many periods over the year
when local residents have expressed anger at a scale not seen before by even long serving staff members who
were born in this area. People feel their experience during covid, especially those in the overcrowded high-rise
accommodation, was much worse than for others and that they are being mad8 to pay lor covld now the
economic Consequences are being understood. This is in addition to the impact on people's INes of over 10
years of augterity cuts which have decimated public servicos and other support.
Related Parties
We have had no related party transactions during the financial year.
Rlsk Management
The B08rd of Trustees conducts at least bi annual reviews of the major risks lo whlch the charity is exposed. and
this is logged in the Risk Management Register. Where appropriate, systems or procedures are established to
mitigate the risks the cha¥ity faces. Significant external fisks to funding have led lo the development of
fundraising and unrestricted income generation strategies which wll allow for the dlversificalion of funding and
activities. Inlemal control risks are minirnised by the implementation of procedures for aulhorisalion of all
transactions and projects. Procedures are in place lo ensure compliance with Health and Safety of staff.
volunteers, clients and visitors lo the centres which include the creation of COVID-19 Safety Officers. These
procedures are periodically reviewed lo ensure that they continue lo meet thg needs of the charity.
OBJECTIVES AND ACTIVITIES
Purposos and alms
The obj-ects of the charty are. for the PL¥blic benefit, the relief of poverty. the promotion of good health and the
advancement of education in the counties of Bristol, South Gloucestershire, Bath and North East Somerset and
North Somerset ("Ihe Area of Benefifi. but with a particular focus on the reslden15 of Lawrence Hill and Easton
and the surrounding neighbourhoods, whether alone or in partnership with local residents and slalulory,
voluntary and other organisations in a commoll effort by-.
adv8ndng awareness and education arouT￿ the issues of good health {menlal and physical} and adopting and
maintalnlng healthy lifestyles (which shall Include promoting and encouraging public partiapalion in healthy
exercise and phyBical activity} and through the provision of support, education and practical advice reducing
health inequalities, improving self-esteem aftd the health and wellbeing of the community so that conditions of
life may be improved,. and
providlng or assisting in the provision of faclliliès" in the Area of Benefit in the interest of social welfare for
recreallon or other leisure lime occupatlon of individuals who have need ol such facilities by reason of their
youth. age. infirmity or disability, financlal hardshlp of soeial circumstances with the object of improving their
condllons of lrfe,. and
maintaining and managing community assets in the Area of Benefit and Cowoperating wlh any partner
organisalion in the maintenance and managemenl of such assets and lo develop further community assets for
activities promoted by the charlty in furtherance of its objects.
The Trustees of Wellsprlng Settlement have regard to the Charity Commission's guldan¢e on public ben8fi1 in
the delivery of the charity's purpose and aims.
Our actlvltles, how w¢ beneftt the publlc:
Wellspring Settlement delivers a broad range of services under four hubs.. Locallty. Development, Community
First and Families. We also act as landlord to 15 other oryanisations 8nd rent OLrt rooms for èducational and
lelsure purposes.
The Locallty Hub semce delivery includes our social prescribing project. CASS partnershlp proleel, Muscular
Skeletal Service, arts. and physical aclivilies. W8 also combined this with community development during this
riod.
The impact of ¢ovid saw a signrficanl shift in emphasls for the roie of socl£l prescribing wthin primary care, and it
was no Olffe￿nI in the Inner Cty and Easl locality. Demand contlnued to be slgniflcanty higher than expected,
Page 6

WELLSPRING SEThLEMENT
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
with mental heallh issues being particularly prevalent as seTrices and Ioc81 activities startèd to re-emerge post-
covid. The Social Prescribing team worked exceptionally hard lo manage complex needs and the service was
greatly enhanced by the appointment of 8 Social Prescribing Manager In November 2021, ensurlng structured
support for the team and improved communication and collaboration wlth primary care partners. Over the
financial year the Social Prescribing team received 1,705 referrals from the 12 pracltce5 across the three primary
care nelworks, against a target of 1,367 referrals. Exceeding the largel by 25.1. demonslrales the level of
demand for the Service l)olh for loGal residents and lor referrers.
Ajongside this, the Physical Activities strand continued to play a signrficanl part in improving the mental and
physleal health of people rèferred to social prescribing., our model for delivery was used as the basis for a
collaboration with Wesport which secuied funding from Bristol City Council to continue for a further year,
alongside Soulhmead Development Trust and Knowle West Health Park in their respective areas of the esty- The
Arts strand worked closely with the Social Presuibing Team lo deliver accessible arts activities lo support people
to build their social and cultural capital and collaborated wlth a local facilitator lo lomi a new approach to
narrative therapy that used comedy as a tool for wellbeing.
The CASS projecl was integrated into the Localty Hub In the second half of the year. A partnership between
Wellspiing Settlemenl, Knowle Wesl Health Park and Soulhmead Development Trust, CASS played a key role in
contrtbLtting to discussions and changes regarding the Community Mental health Framework and the Inlegraled
Care Partnerships. As a key cor)tact beiween commissioners, services and communities. CASS ensured that
communities. and particularty those that are marginalised, were central lo conveTS81ions around mentsl health
transfomialion, with the ambition of making merital health services more appropriate and accessible.
The first half of the year included a well-attendeé ¢ity-wide CASS ne￿O{k event and the roll-out of the Wellbeing
Pack project funded by the Libraries Innovation Fund.. we led on the development of a How to Talk About Suicide
booklet which received attention beyond the region and has been shared Imth other organisalions as a template
which can be adapted with information relevant to the lo¢al area.
Progress in the second year was affected by a delay in fundlng being extended, which led to signifThnl changes
in staffing,. initial attempts to reform the team were hampered by a challenging job market, although by Ihe end of
the year wo were able lo appoint a new Community Engagement Worker. Nevertheless, during Ihls time key
eommunications work continued. with the CASS rlewsletter being sel out to a growing mailing list, the CASS
website and social media accounts being Gonslanuy updated and CASS marketing support strengthening the
impact of the ongoing Black Men Talk Health workshops delivered by Nllaari and Relhink. Furthermore, the
appointment of a new CASS Money and Mental Coordinator, funded by Bristol Clty Council. led to the
development and rollout of workshops linking mental health with financial Issues and wellbeing which were well
received across the city, alongside the publication of a new Money and Mental Health book.
The exper1er￿e of working with the $tatutory health sy3tem was defined by a constant need lo evolve. The
direction of travel has been positive with an increasing number of opportuniues for Wellspring Settlement, as one
representative of the VCSE, lo engage with and help to dofine the nairative of health care in the ¢lty. in line with
the overarchlng strategy for the health sector.
Fundamentslty, there is a shared vision of advancing the Social model of heatth; in practice, however. ha$
proved more complex.. partly because of the refraffling of prioritigs due to the pandemic, bul also because of the
differen￿ in Scale in which the tsvo parties operate. The sense that th8 VCSE has to constanuy lustfy having
seAt at the table does place a burden on the team and the organisalion. At a delivery level, for as slgnificant a$
the social prescrlbing programme has been for the organisation, it sb'll represents a small share of the work that
wimary care undertakes and Can subsequently allocate time to. This has lod lo a misalignment In demand and
expectations. with a financial and emotional burden placed on the organisation and ils staff,. a burden that is not
necessarily reflectsve of intent wthin the health sector. but rather th8 level of need with communities and shortfal
in funding and resourc8$ to address it.
2021122 has continued to see a vast amount of change as the Clinical Commissioning Group continued to
position itself for the emergence of the new Integrated Care Partnerships for Bristol, North somerset and South
Gloucestershire. Wellspring Sewement, as the VCSE Localty Lead for Inner City and East continued lo work lo
understand ils representstional role in an opaque and difficult to managg SyEtem that was in a program of strain.
transltlon and uncertain reform. Options presenting lo the Wellspring Settlement ranged from fully invgsting
unfunded resource into the population health agenda at a local, O and regional 18vel to withdraw to fo¢us on a
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WELLSPRING SETTLEMENT
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
more localised strategy and work to dear Community informed priorities. Ultimately the decisiC￿ lo broaden our
representslion engagement in the system from across the organisation at local level enabled the Deputy CEO
leading on Health lo contribute to a stror¢ger VCSE regional position, using our collective voice and Influen￿ and
powor to ensure genulne participation and meaningfrjl change was the consistent message and direction
preferred. The VCSE Locality partnership has continued lo grow in its influence and is recounised al system
level. The aim continues lo be championing for a joint strategic position with an understanding and mLtlual
respect of how the VCSE sector works and the social value il contributes.
Thls period was a Iransilional lime for the Economic Development Hub as it moved into the new structure of the
organisalion, becoming Ihe Development Hub and as the Hub Man8ger moved into one of the three Deputy
CEO roles 8t the end of July.
From April to the end of September BOOST Flnance continued to deliver its final 6mlhs of its Brfstol Impacl
Fund 1 provlsion. BOOST adapted its model to accommodate COVID safe guidelines. offerlng socially distsnced
1..1 and facililaled zoom appointments and telephone support. The serwce supported 159 people, from April to
Sept. exceeding its targets considerably and the project continued lo reeruil to its volunteer proyram. 67Yo of
those attending reported an increase in their knowledge lo be able to make more informed financtal decisions. In
October BOOST began its 4yr Bristol Impact Fund 2 BOOST Community model. with a focus on community
champions and working with role models. The projeel is also working alongside the University of Bristol to
explore financial resilience within communities.
The Food Club welcomed f(s new coordinator in post, and w8 established the Kitchen Equipment Library which
has proved very popular with Food Club menbers, as well as events such as an Apple Day, Cooking Group,
Winter Gathering and After School Cooking Club, where a Food Club member attended a Food Leaders Club
facilitated in partnership wlh Square F￿d, and the member was supported to deliver groups lo 5 local families.
The service has continued to be actively involved in discussions focused on a Food Strategy for the area, and in
the Bristol-wide Food Equality Strategy consullalion. Referrals and self•referrals have been constantly high
throughout this period with 107 registered members. However. it is more noticeable that some longer-lemi
members are having lo mak8 tough decision with regards lo coming every week (maybe every Iwo or three
weeks or stop attending for a periodl as when under pressure, the challenge of unpredictable Ingredients I box
Contents feels risky, particularly rf they have children or dietary needs. We can only address this lo a degree, by
sharing recipes and requesting from Fareshare that h8[a￿VeyanAvegelarian options are available. so the boxes
meet as many needs as possible.
Supported by the West of England Works Project our communlty-led Routes to Communlty Influence lin
partnership wlh the University of Bristol), report was presented in an event at the Engine Shed attended by
Several employers. includirsg Burges Salmon, Digital marketing employer, Adult Social Care agency and retail
represelltatives among others. The report was w811 received with employers interested in th8 self-exclusion
element of the work that idenlifigd that a lot of people carry around the negative perceptions and narratives of the
communlly and don't see the opportunities as applicable or relevant to them. There was also Inl&rest in how we
can promote the skills of this area133 10 of those talked to were educated lo degree+ levell 15 lan9uages were
fluently spoken in amongst the pool of 60 people). There was an emphasis on what could really be influenced on
a hyper local level without bigger changes, minimurn wages. employee rights elG, but also the idgas of charsges
startlng off small and a commitment lo changg. The report was published in Nov6mb¢r.
WOEW has been continuing to grow referral pathways and WC￿ in p8rtnership with DWP to support those
fvrthesl from the workplace as it coped with people recovering from the various lockdowrbs and many of the
referral partner oryanisations were not open tr) full ¢apacity running services. This also coirkckjed with Rostart
stsrting and competltion saw a loss of huga numbers of potential dients lo mandated DWP programmes. In
Oelober the project Teeruited 2 naw caseworkers and began running more outreach events In the community lo
help advertise WOEW and wtder sèttlement s6Nieos. This led to an increase of referrals for Ihg OV9r 50's.
women and refugees. The demand for training as a goal also increased. in particular for ESOL and IT as th8
project saw an incraased in the nUrn￿r of pooplo who did not speak English.
Our Cornmunity Incluslon work was evaluated and a decision made to make some changes as il movod into
our newty created Communlty Flrst Hub. We decided that we needed to respond to thg fears of local residents
about Tremargillg post covid and fell this was more of an issue in this area than in most olhgr places in the City.
This may be b¢¢aus8 of the terrible lime people had or because the area is very overcrowded, and people were
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WELLSPRING SETTLEMENT
{A COMPANY LIMITED BY GUARANTEE>
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
worried about the high level of contact with others.
We decided lo create 4 new posts which focussed on community engagement. building relationships and
conversations wilh people lo ensure good contact Wtth the organisation and each other and increased activities
for people. We separated community development and made this a function which is part of the Cofe services
team and Wofks with all stsff and the community building community led responses to issues the community
faces. This has taken time but is fulty funcb'onal after the period of this report, including rwpening the café as a
volunteer run community cafe. 11 was further delayed by the kJn*term illness of the manager.
Thg Famlly Hub has delivered lo a full menu of family support during this period. Overall attendance was 331
males and 719 females who broadly reflected the local demographics for ethnicity wlh the majority being of
BAME backgrounds, the largest single gfOUP being Somali, and 30% white Brtlish in most of the family services.
Parenting programmes resumed on sile and seNces are now fully accessible no booking restrictions.
Universal setvices have enabled parents lo take their first steps out of lockdown and share infomalion with other
parents and staff about their lockdown experiences and the impact this has had on thole families and child
development.
Referrals to more specialist 5UPPOrt have been made to offer reassurance for families and impfoved child health
and wellbeing outcomes. We continue to Work in partnership wlth health including on-site support working with
health partners, Speech and language therapists, health visitors and ante natal grDUPS delivered by the WHLC
midwives. We are extending our health partnerships by offering parents with children affected by Asthma
monthly sessions on site wilh health partners, to improve acces$ and engagement working ￿thIn a community
model moving away from a clinical model to improve access and engagement for families.
We have resumed supervised contsct visits for local parents of children in care which enables easy access for
parents and children who are familiar wth the sottir@ and improves attachment for the whole family working
towards children being returned to the family home.
The Creative Connections project (moved under the famity hub management duTing this period) Is funded by
ARHC lo undertake a pmgram of art activities as a research project to gather infomiation on experiences during
lockdown. The project Is assessed in terms of achievlng its slated milestones and evaluating Impact. In lolal 30
parents were r8cnJited lo the project including. S Art researchers. of these 4 progressed lo co-facilitate the
groups. A campaign presenting the partlclpants, experience was developed by the project team, Rising Art. and
commissioned artist completed the campaign designs ready for October 22. A celebration event was held lo
present the campaign to the participants. which was attended by 17 participants and 48 people 811 together.
Slrenglhening Families Strengthening communftles delivered 4 parenllng programmes during this perlod. 36
parents have attended at least one sesslon of the proyramme. We have had 31 complelers. A new staff member
that stsrted in June and recently trained {in July) to deliver upcoming SFSC programmes. 2 workshops were also
delivered at The Vench Lockleaze in March and April with 8 total of 11 attendees.
A new programme started this year called The Holiday Acliwty Fund and the delivery started in April 2022, just
after the financial year and.
The project has responded lo parents wanting more youth servic8s by successfvlly rocruiting two detached youth
engagement work8r p051s, this work will be visible out in the community for 2 evening sossions per week in early
October. This work will enable Wellspring Setuement to gather inlormation from our younger residents and give
them 8 voice in the form of a steering group to inform the deveiopment of the Swan provision and wider youth
offer.
Other Projects
We have ¢ontinued developirsg the Social Justice Project with the Univorsity of Brlstol which has widened to
include communty anchors from across the City. We are also working wifh them on the Bristol Mod81 whith
involves working wth students and researchers on our database as well as the Many Neighbourhoods, One City
project to explore how infomialion held in communities can provide granular information which thg City needs lo
Infomi it's policy development and planning.
Page 9

WELLSPRING SEfTLEMENT
(A COMPANY UMITED BY GUARANTEEI
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Work has continued in Ihe Make il Local programme to consider ways of us inlervenlng in Adult Soclal Care
which improves the options for people who need adult social care as well as broadening community level early
intervention and prevention schemes so that people remain independent with a good quality of Ille for a5 long as
possible. We are considering establishing an Inlroduclory Agency lo match self-employed local residents wilh
people who need care.
We have submitted a planning application for The Swan public house and slarted enabling works to make il
walertighl and stabilise the structure. We remain committed to using it for youth work in the evenings and
weekends and community use during the day, with offices for community organisalions on the first floor. Original
aspirations to convert the first floor to housing were thwarted by it being too expensive to ensure harmonious
dual use.
We have been working with partners looking at the Ternple Quarter development which is close lo our area lo
see rf we can Create opportunities for people who live in Barton Hill and Lawrence Hill. The development is large
and it is a huge challenge and opportunity.
ACHIEVEMENT AND PERFORMANCE
Some statistics about the take-up of our servlces
We worked in deplh wth 3.519 people who attended services 57,380 limos during this perlod.
Our r¢>Jms lo rent were not open for the fvll year but nevertheless 9,510 people used this service.
The profile of the people who come to our sessions broadFy reflect the local demographic of 33Vo while Brltssh.
30Yo African. 120kn other BAME groups. There is some variab'on of this as our social prescribing team work
across the inner city and east Bristol which does not have such a high BAME population.
We worked wbth a slight majority of females and the largest number for age range was in the 2& 49 year old
category.
Some quotes from people who we worked alongslde:
'The training provided by CASS was a great way lo understand and help others deal with debt. It was very
helpful to know the options available lo support those in debt. and to know what should be treated as a priority
debt and non-priority debt. H was a great resource for looking at those in debt in an inclusnie way in which
individual needs can be supported and provide understanding of how debt and mental health are linked..
.1 am wrlting this email to send a massive thank you lo xxx who Is your sodal prescriber. She has been amaang
she helped me manage to get some help from the council due to the major problems and damp within my
current home. I have been under a lot of stress and pressure and It made everything so much easier having
someone to help and talk lo and gulde me in the nght directlon of help I dldn'l realise was available.
She managed lo speak lo the council and kept infoming me of the progress. She listened to everything I had to
say and nev8rjudged my silL*ation.
She really is so g¢>od at her job. she's made myself arsd my little girf really happy in our new horne and I wouldn't
of been able lo do this without her. She's so professional, kind and caring she is a credit to her organisalion."
'[ feel connected in a way I haven't in a long time.
°It makes me feel hopeful and that now is the time lo have a voice and be ackno￿edged"
Hlghlights
Ch5 hub, a very successful model of partnershlp working wrth health sermces fully accessible to our families
in 8 community setting
Page 10

WELLSPRING SETTLEMENT
IA COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT ICONTINUEDI
FOR THE Y&AR ENDED 31 MARCH 2022
Creation of a new website lo commufticate better with communities coming out of lockdown
Partnership with the University of Bristol
Starting work on redeveloping The Swan
First Apple Day event which w88 well attended by focal residents
Challènges
Impact of cost of living anrÈ lack of respite post covid to re charge batteries for loGal residents and staff
Recruitment of staff
How to navigate the focus on communities by health and the local authority as answers lo the complex
problems of public service near collapse
FINANCIAL REVIEW
The Statement of Financial Acliwties ISoFA}. set out on page 16 is designed to reflect all incoming resources
receivable in the year. Gross income of £1.750.39012021." £1,989,505} decreased by £239.115. a decrease of
120/0. Charitable expenditure deereased by 3Yv lo £1,866,103 for the year 12021.. £1,924,￿)9l- Of the lolal
outgoing resources. £1,231,309 relates lo restricted projects and £634.794 to unrestricted projects. General
reserve8 now sland at £4,202,212 and the restricted fund balances amount lo £56,199 {see note 171.
Investment poll¢y
The organisation does not hold any investments other than cash on deposit.
Reserves pollcy
Wellspring Settlement recognises the importance of maintaining an approwiate levfjl of roserves lo allow for
contingency planning or action. Wellspring Settlement will aim lo develop the level of reserves al three months
operatlonal costs.
Reserves will be reviewed al meetings of the Board meeting al least half yeady, or more frequently if required.
Decisions regarding the use of raseNes wll be informed by the Board.
Prlnclpal Fundlng Sour¢es
We have a range of funding agreements wth:
Weston College
Brlstol Clinical Commissioning Group
Slrona
Bristol City Council
John James Foundation
John Armilage Ch8ril8ble Trust
Social Investment Business
St Monica's Trust
and many others.
Approved by order of the members of the ljoard of Trustees and signed on thelr behalf by:
Wlll Bee
Chair of Trustees
Date..
P8ae11

WELLSPRING SETTLEMENT
{A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF WELLSPRING SETTLEMEKr
OPINION
We have audited the financial statements of Wellspring Settlement Ilhe 'charityl for the year ended 31 March
2022 which comprise the Statement of Financi81 Activities, the Balance Sheet, the Statement of Cash Flows and
the related notes. including a summary of significant accounting policles. The financial reporbng framework that
has been applied in their preparation is applicable law and Unlted Kingdom Accounting Standards. including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland, {Uni18d Kingdom Generally Accepted AGcounling Practice)-
In our opinion the financial slalements=
give a true and fair view of the slate of the charitsble companvs affairs as a131 March 2022 and of its
incoming resources and applicab'on of resources, ineluding ils income and expenditure for the year then
ended;
have been properly prepared in accordance with Untted Ktngdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance ￿th the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further desC￿bed in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that ar8 relevant to our audit of the financial statements in the United Kingdom.
incltsding the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirem&nls. We believe that the audit evldence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial stst8ments, we have Concluded that the Trustees, use of the going concam basis of
accounting in the preparation of the financial stslemenls is appropriate.
B8sed on the work we have performed, we have not identsfied any material unGertainlies relating to events or
conditions that, individually or collecttvely, may east significant doubt on the Gharitable companvs ability lo
conlinue as a going concern for a period of al least Iw8lve months from when the financk31 slalements are
authori5ed for issue.
Our re$ponsibilities and the responsibilities of the TTUStees with respect to going concern are described in the
relevant sect￿nS of thls report.
OTHER INFORMATION
The other information comprises the informalion included in th8 Annual Report other than the financial
ststements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our oplnion on the financial statements does not cover the other information and,
except to the extent olherwtse explicilly ststed in our report. we do not express any fonn of assurance concluslon
thereon. Our responsibilty Is lo read the other information and, in Iloing so, consKler whether the other
Information is materialty inconslstenl with the financial ststements or our knO¥￿edge obtained in the course of the
audlL or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material mlsstalemenls, we are required to determine whether this gives rise to a material mi5ststgment in the
rinancial ststements themselves. If. based on the work we have performed, we conclude that there is a material
mk%stalement of this other information. we are required lo report that fact.
We have nothing lo report In thla regard.
Page 12

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDtTORS' REPORT TO THE TRUSTEES OF VVELLSPRING SETTLEMENT ICONTINUEDI
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report including the Strategic Report for the finar￿181 year for which
the financial slalemenls are prepared is consistent with th8 financial statements.
the Trustees, Report and the Strategic Report have been prepared in accordance s*ith applicable legal
requirgmenls.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our kno￿edge and understanding of the charitable company and its environment obtained in the
course of the audll, we have not identified material misstslemenls in the Trustees, Report iricluding the Strategic
Report.
We have nothing to report in respect of the following matters in rglation to which Companies Act 2006 requires
us lo report lo you rf, in our opinion..
adequate accounting records have not been kept. or returns adequale for our audit have not boen
received from branches not visited by us., or
the financial statements are not in agreement with the accounting ￿CordS and reluins.. or
ertain disclosures of Trustees, remuneration specified by law are not made., or
we hava nol received all the informatlon and explanallon$ we ￿qUIre for our audit.
RESPONSIBILITIES OF TRUSTEES
As explalned more fully in the Trustoes, ResponslbllSlles Statement. the Tiuslèes {who are also the directors ol
the charitable company for the purposes of company lawl are responsible for the preparation of the finanThal
statements and for being satisfied that they give a true and fair view, and for such intemal control as the
Trustees determine Is necessary lo enab18 the preparation of financial statements that a￿ free from material
misslatemenl, whether due Its fraud or error.
In proparing the financlal ststemenl$. the Trustees are responsible for assessing the charitsble companls abilty
lo continue as a going concem. disclosing. as applicable, matters related lo going concem and using the going
concern basis of accounting unless Ihe Trustees either intend lo liquidate the charitable company or to cease
operations, or have no realisti¢ allemalive bul to do so.
Page 13

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF WELLSPRING sEfTLEMENT ICONTINUEDI
AUDITORS, RESPONSIBILITIES FOR THE AUDrr OF THE FINANCIAL STATEMENTS
Our objectives are lo obtain reasonable assurance about whether the financial slalemènls as a whole are free
from material misstalemenl, whether due lo fraud or error. and lo Issue afi Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, bul Is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delecl a material misstslemenl when it exists. Misslalemenls can arise
from fraud or error and are considered Mate￿al If, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial slalemenls.
Irregulariti85. including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, oulllned above, lo dètect material misstatements in respect of irregularities.
including fraud. The extent to which our PToGedure$ are capable of deleclirig irregularities. including fraud 18
detailed below..
We have considered the nature of the sector, control env¢ronmenl and flnanclal perfomiance of the entity.,
We have considered the results of enquiries with management and Trustees in relation to their own
identification and assessment of the risk of irregularities within the entity.. and
We have ieviewed the documentation of key processes and controls and performed walkihroughs of
Iransactions lo confirm that the systems are operabng in line with documentation.
As a result of these procedures. we have considered the opportunities and incentives that may exist wthin the
organisation for fraud and idenlrfied the highest area of risk to be in relation lo revenue recognition, with a
particular risk in relation lo year-end cut off. In comrnon with all audits under ISAS IUKI we are also required lo
perform specific procedures lo respond lo the risk of manggement override.
We have also obtained understanding of the legal and regulatory frameworks that the charity operates in,
focusing on provisions of those laws and regulations that had a direct effect on the delerminalion of material
amounts and disclosures in the financial stalemenls. The key laws and regulations we consKlered in this context
Included the UK Companies Act and FRS 102 and UK tax legislation.
In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental to the charitys ability lo operate or avoid a
material penalty.
Our procedures to respond to rf5ks identified included the following..
Reviewing the financial statement disclosures and testing lo supporting docurnentatirjn to a55ess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial
statements-,
Performing analybcal procedures to Klentify unusual or unexpected relationships that may indicate rtsks of
material misststement due to fraud-,
Reviewing board meeting minutes..
Enquiring of management in relation to actual and potential clalms or litigations.,
Performing detailed transactional lesling in relation to the recognition of revenue with a partlcular focus
around year-end cut off; and
In addressing the Tisk of fraud through management override of controls, lesling the appropriateness of
Joumal entrles and other adjustments-, assessing whether the judgments made in accountiro estimates are
indicative of potential bias,. and evaluating the business rationale of significant transactions Ihal are unusual
or outside the normal course of business.
We also communicated identifled laws and regulations and potential fraud rlsks lo all members of the
engagement team and remained alert to possible indicators of fraud or non-compliance with laws and
regulations throughout the audit.
Our audit procedures were designed to respond to risks of malerfal mlsslalement in the financial stal8menls,
recognising that the risk of not detecting a material misststemenl due to fraud is higher than the risk of not
dete¢tlng one resulting from an èrror, as fraud may involve deliberate concealment by, for example, forgery,
Page 14

WELLSPRING s￿LEMENT
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF WELLSPRING SE￿LEMENT {CONTINUEDI
misrepresentstions or through collusion. There are inherent limitations in the audit procedures perfomied and the
fvrther removed non-compliance with laws and regulations is from the events and Iransac*ions reflected in the
financial statements, the less likely we woutd become aware of it.
A further description of our responsibilities for the audit of the financial ststements is located on the Financial
Reporting Council's website al.. www.frc.o
.ukJauditorsres
nsibililies. This description fomis part ol our
Auditors, Report.
USE OF OUR REPORT
This report Is made solely to the charitable companls members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable
comp8nls members those matters we are required lo slate to them in an Auditors, Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than
the charitable company and ils members, as a body, for OLtr audit work. for this report. or lor the oplnions we
have formed.
/F4
David Butler FCA DChA {SgnioT Statutory Audltorl
for and on behaw of
Blshop Fleming LLP
Chartered Accountants
Statutory Auditors
10 Temple Back
Bristol
BS16FL
Date: 21 December 2022
Page 15

WELLSPRING SETTLEMENT
{A COMPANY LIMITED BY GUARANTEE}
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2022
Restricted Unrgstrictad
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations 2nd legacies
Charitsble actimties
Investments
136
1.044.505
136
1.750,254
5,895
1.981,963
1.647
705,749
Total income
705,749
1,044,641
1,750,390
1,989,505
Expgndlture on:
Charitable activities
1,231,309
634.794
1,866.103
1,924,909
Total expenditurfj
1,231,309
634,794
1,866,103
1,924,909
Net {expendlturellln¢ome
Transfers between funds
{525.5601
{2,903.7361
409.847
2.903.736
{115,7131
64,596
17
Net movement In funds
(3.429.296)
3,313,583
(115.7131
64,596
Reconclliation of funds:
Total funds brought forward
3.485.495
888.629
4.374.124
4.309,528
Total funds carried forward
56,199
4,202,212
4,258,411
4,374,124
The Statement of Financial Activlties includes all gains and losses recognised in the year.
The notes on pages 19 to 34 form part of these financial statements.
Page 16

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER:05031499
BALANCE SHEET
AS AT 31 MARCH 2022
2022
2021
Note
Flxed assets
Tangible asse15
12
5,915,299
6,051,989
5,915,299
6.051,989
Current assets
Debtors
Cash at bank and in hand
13
219.761
119,212
223,450
233,177
338,973
456,627
Creditors- amounts falling due WFthin one
year
14
(748,820)
1621,067}
Not current Ilabllltles
(409.8471
(164.4401
Total assets less current liabilities
5,505.452
5,887,549
Creditors- amounts falling due after more
than one year
Provtsions for liabililios
15
(1,228.384)
(18,657)
11,486.1791
127,2461
Total net a$sets
4.258.411
4,374,124
Charltyfunds
Restricted funds
17
56,199
4,202.212
3.485,495
888.629
Unre51ricted funds
17
Total funds
4,258N11
4,374,124
The Trustees acknowledge their responsibilities for complylng wlth the requirements of the Act with respect to
accounting records and weparation of financial statements.
The financial statements ware approved and aulhorised for issue by the Trustees and signed on th@ir behalf by..
Wlll Bee
Chair
Dale-
The notes on pages 19 to 34 fom part of these financial statements.
Pagg 17

WELLSPRING SETTLEMENT
IA COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Cash flows from opératlng actlvltles
Net cash used in opefaling activities
44.156
201,749
Cash flows from Investlng aGtivitie$
Dividends. interests and rents from investments
Purchase of tsngible fixed assets
1.647
(59.3731 ($04,153)
Net ¢a$h usgd In Investlng aGtrvltlg¥
(59,3731 1502.506)
Cash flows from financing actlvltles
RepayTnenls of tx)rrowing
New ljorrowing
198,7481
122,1781
250,000
Net cash (used Inllprovided by financlng actlvrties
198,7481
227.B22
Change in cash and cash ?quivalents In the year
Cash and cash equivalents at the beglnnlng of the year
(113,9651
233.177
{72.9351
306,112
Cash and ¢ash equlvalents at the end of the year
119,212
233.177
The notes on pages 19 to 34 form part of these financial ststements
Page 18

WELLSPRING SErrLEMENT
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
GENERAL INFORMATION
The company, fomied on 2 Febnjary 2004, 15 limited by guarantee (No. 50341991 arKI is a registered
charity (No. 1103139}. The charity is registered in England and Wales. The charivs registered office is 43
Ducie Road. Barton Hill. Bristol. BS5 OAX.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial slalemenls have been prepared in accordance with the Charllies SORP (FRS 102)
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice 8ppIKable lo charities
preparing their acco¢Jnls in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
Wellspring Settlement meets the definition of a public benefit entity under FRS 102. Assèls and
liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
2.2 GOING CONCERN
The accounts have been prepared on the assumption that the charity is able tr) conlinue as a going
concern. which the Trustees consider appropriate havlng regard lo the current level of unrestricted
reserves. The Trustees have consideied the consequences of COVID-19 and have determined that
they do not create a material uncertainty that casts significant doubt upon the charities ability lo
continue as a going concem. The actual and projected Covid 5UPPOrt lllcome from Trusts.
Government and to￿1 authorities heavily mitigate any projected losses incurred by the Charity.
As a result there are no material uncertainties about the charitys ability to conlinLte as a goirwj
concem.
2.3 INCOME
All income is recognised once the Charity has entillemenl lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Slalement of Financial A¢tivilie$ on a receivable basis. The balance of
In¢ome recelved for specrfic purposes bul not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income Is recelved In advance of entitlement of receipt. its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Other income 1$ recognised in the period in which it is receivable and to the extent the goods have
been provlded or on completion of the service.
Paae 19

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES l¢ontlnu•dl
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of eeonomic benefits will be requlred in settlement and
the amount of the obligation can be measured reliably. Expendilure is classified by aclivity. The cos15
of each activity are made up of the lolal of direct Costs and shared costs. induding support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
lo that activity. Shared costs which contribute lo more than one aciivity and support costs which are
not attributable to a single 6rtivity are apportioned be￿een those aclivltles on a basis consislenl w¢lh
the use of resources. Central stsff costs are 811ocaled on the basis of Ilme spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the aclivlties whiGh fvrther the
Charity's objectives, as well as any associated support Costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible r￿ed assets costing £1.000 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured roliably.
Tangible fixed assets are initially recognised al cost. After recognition, under the cost mod81, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tsngiblo r￿ed asset into ils intended working condition should be
Included in the measurement of cost.
Assets in the course of construction are included at Costs incurred to date. Depreciation on these
assets 1$ not charged until they are brought into use.
Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value
over Iheir estimated useful Ilves. using the straight-line method.
Depreciation is provided on the followng basis:
Freehold propety
Flxtures and filingg
Motor vehicles
Microsettlements
Computer equipment
Other fLxed assets
2% Stralght Line Method
100/0 Slralght Line Melh(x
20Vo Slraighl Line Meth(xl
4DA Straight Line Method
33Vo Straight Line Method
10QA Straight Line Method
2.6 DEBTORS
Trade and other debtors are recognised al the settlement amount after any trade diseount offgred.
Prepayments 8re valued al the amount prepaid net of any trade discounts due.
2.7 CASH AT BANK AND IN HAND
Cash at bank and in hand indudes cash ènd short-lerm highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
PAnp. ?n

WELLSPRING sErrLEMENT
(A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES {continugd}
2.8 LIABILITIES
Liabilities and provisions are recognised when there is an obligation at the Balance Sheet dale as a
result of a past event, it is probable that a transfer of economic benefit will be required in settlement.
and the amourit of the setuemenl Can be estimated reliably.
Liabilities are Tecognised at Ihe amount that th8 Charity anticipates il wll pay lo settle the debt or the
amount it has received as advanced payrnents for the goods or services it must proV￿e.
2.9 OPERATING LEASES
Rentals paid Ltnder operatin9 leases are charged to the Statement of Financlal Acltvities on a straight
line basis over the lease term.
2.10 PENSIONS
The Charity operates a defined Contribution pension scheme and the penslon charge represen15 the
amounts payable by the Charity to the fund in respect of the ￿aT.
2.11 FUND ACCOUNTING
GenÈral funds are unrestricted funds which are available for use at the discrelion ol the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for olhei
wrposes.
Restrlcled funds are funds whith are to be used in accordance specific restridions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Invesknent income, gains and losses are allocated to the appropriate fund.
CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT
The pr8pafation of the financial statements require management to make judgments, estimates and
assumptions that affect the amounts reported. These estlmales and judgements are continually ev?lualed
and are based on hlstodcal experience and other f8Ctorg. Induding expectations of future events that are
believed to be reasonable under the circumstances.
Crflical accounting estimates and assumptions..
The Charity makes estimates and assumptions concerning the future. The resultlng a¢cxJunting estim8tes
2nd assumptions wll. by definition, seldom equal the related actual results. The eslimales arKI
assumptions that have a significant risk of caLtsing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Paao 21

WELLSPRING SETTLEklENT
{A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
INCOME FROM DONATIONS AND LEGACIES
Unrestrlctod
funds
2022
Total
funds
2022
Total
funds
2021
Donations
136
136
5,895
INCOME FROM CHARITABLE ACTIVITIES
Restrlcted Unrestrfcted
funds
funds
2022
2022
Total
funds
2022
Totsl
funds
2021
Grants and contraGts
se￿iCe charges
Room hire
Rent81 income
Other earned income
Consultancy
705,749
463,832
106,145
32,415
394.116
45,968
2,029
1,169,581
106,145
32.415
394.116
45.968
2,029
1,182,424
119.832
2.696
372.107
293,389
11,515
705,749
1,044,505
1,750,254
1,981.963
TOTAL 2021
1.014.616
967,347
1,981,963
INVESTMENT INCOME
Unrestrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Investment incomo
1,647
PAnK& ??

WELLSPRING 8ETTLEMENT
{A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ANALYSIS OF EXPENDITURE ON CHARrrA8LE ACTMTIES
Surnmary by fund type
Restrlcted Unrostricted
funds
funds
2022
2022
Totsl
2022
Total
2021
Charitable activities
1,231.309
634,794
1.866.103
1,924,909
TOTAL 2021
1,052.157
872,752
1,924,909
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
uridertaken
directly
2022
Support
costs
Total
funds
2022
Total
fvnds
2021
2022
Charftable aelimties
1,118.939
747.164
1,866,103
1,924,909
TOTAL 2021
1,251,370
673,539
1,924,909
ANALYSIS OF DIRECT COSTS
Totsl
funds
2022
Total
funds
2021
staff costs
Catering & provision costs
SLA provision
Exlemal contract costs
1,052,831
2,657
59.290
4.161
1,173,537
3,285
70.864
1,118,939
1,251,370
Page 23

WELLSPRING SETTLEMENT
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)
ANALYSIS OF SUPPORT COSTS
Total
funds
2022
Total
funds
2021
Depreciation
Other staff costs
Premises costs
Compltler and office supplies
Govern8nee and professional costs
Marketing and subscrrplions
Insurance
Bank and interest charges
FOCUS
Extemal partners
Vehicle costs
Bgd debts
196,063
7.108
212,814
86,473
56,189
392
24,457
56,613
12,452
83,889
1,854
8.860
166,421
9,189
156,842
130,321
42,258
1.595
21.418
43,819
6,801
90,249
1,115
3,511
747.164
673.S39
AUDITORS, REMUNERATION
2022
2021
Fees payable lo the Chariws auditor for the audit of the Charlvs annual
aGGounts
10,275
9,850
10. STAFF COSTS
2022
2021
Wages and salaries
Social security costs
Contribution to deflned eontribulion pension schemes
940,681
68,835
43,415
1,048,294
76,607
48.636
1.052,831
1.173.537
Paqe 24

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
10. STAFF COSTS (CONTINUED)
The average number of persons employed by the Charity during the year was as follows-
2022
No.
2021
Staff
74
63
No employee received remuneration amounllng to more than £60,000 in etther year.
The key management personnel of the charity comprise Ihe Deputy Director and both CoryDireclors. The
total employee benefits of the key management personnel, comprising gross salary, eM￿0yers, national
insurance and employers, pension contributions was £179,90212021: £174,669).
11. TRUSTEES. REMUNERATION AND EXPENSES
Duiing the year. no Trustees recelved any remuneration or other benefils12021- £NILI.
During the year ended 31 March 2022, no Trustee expenses have been incurred12021- £NILI.
Paa$ 25

WELLSPRING SEfTLEMENT
IA COMPANY UMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
12. TANGIBLE FIXED ASSETS
Flxtures,
flttlngs &
equlpment
Frgehold
Mlcro-
property settlements
Motor
vehlcles
Total
COST OR VALUATION
At 1 April 2021
Additions
6.978.859
47,162
719,911
3.809
13200
307,991
8,402
8.019,961
59,373
At 31 March 2022
7,026,021
723.720
13,200
316.393
8.079,334
DEPRECIATION
At 1 April 2021
Charge for Ihe year
1,704,399
141,213
14,083
28,949
13,200
236,290
25,901
1,967,972
196.063
Al 31 March 2022
1.845.612
43,032
13.200
262,191
2,164,035
NET BOOK VALUE
At 31 Mafch 2022
5,180.409
680,688
54,202
5,915,299
At 31 March 2021
5,274,460
705.828
71,701
6,051,989
13. DEBTORS
2022
2021
DUE WITHIN ONE YEAR
Trade debtors
Other debtors
PrepayTnents arml accrued income
173.233
7.585
38,943
165.231
58,219
219,761
223.450
Paoe 26

WELLSPRING SETTLEMENT
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
14. CREDITORS: AMOVNTS FALLING DUEV1￿HIN ONE YEAR
2022
2021
Bank loans
Trade creditors
Other taxation and social security
other creditrjrs
Accruals and deferrwj in¢ome
253.682
90,324
44,114
63.852
296.B48
94,635
121,541
78,072
4S,741
281,078
748,820
621,067
2022
2021
Deferred income al 1 April 2021
Resources deferred during the year
Amounts released from previous periods
256.249
295,648
(256,2491
32.913
256,249
132,9131
295,648
256.249
15. CREDITORS.. AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2022
2021
Bank loans
Olher loans
222.289
1.006.095
356.822
1,129,357
1,228,384
1,486,179
Included wlthin the above are amounts falling due as follows:
2022
2021
BETWEEN ONE AND TWO YEARS
Bank loans
Other loans
38.381
61,320
134.532
50,339
BETWEEN TWO AND FIVE YEARS
Bank loans
Other loans
183.908
205.354
120.567
65,762
OVER FIVE YEARS
Bank loans
other108ns
101.723
1,013,256
739,421
Paae 27

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2022
The original loan wtth Lloyds bears interest al a rate of 6.95Yo and was taken out in November 2009. The
charity took a second loan with Lloyds with an interest rate of 7.205%, repayable over 10 years, in March
2011. The loans are secured by a legal charge over 22 - 28 Bright Street and 3 - 9 Modey Road. The
Farmhouse Building rebuild was part funded by a loan from Futurebuilders England, repayable over 21
years, commencing on 1 March 2021. Interest was charged at 0.50￿ until November 2019, then al 5¥0 for
three years and is subject lo an annual review. This loan is secured by a legal charge on the Famhous8
building. During the year ended 2017 the bank overdraft was Convert￿ to a third loan with Lloyds,
repayable over 10 years with interest payable al bank rate plus 3.85Yo. The purchase of the Swan was
funded by a loan with a charge over the property, repayable over 8 years wlh a fixed interest rate ol 4.50/0.
16. PROVISIONS
2020
Al 1 April 2021
Amounts used
27,246
(8.5891
18.657
A provision is recognised for the future rnainl&nance of the freehold property al 8earn Slreel.
Paoe 28

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
17. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31 March
2022
Balance at 1
April 2021
Transfers
inlout
Income Expendlture
UNRESTRICTED FUNDS
General funds
888,629
1,044,641
{634,794} 2,903,736
4,202,212
RESTRICTED FUNDS
Freehold WHLC
SPEAR grants
COVID Income
CAF Resilliance Fund
BCC grants
CASS
other restricted fvnds
The Network
Sl Pauls Nursery
Farmhouse development
John James Foundation-
community fridge
Microsettlement
University of Bristol Fellowship
Grant
BOOST
Wesl of England Work$
SPAN
2.090.223
6,500
(52,5491 {2,037.6741
141.9461
110,9631
16,6981
(1.4761
(208.518)
{96.5871
{70.7991
{80.0001
{36,713) (522,1511
35.446
10,963
6,698
6.144
43.888
,52.497
12,590
4,668
164,630
95,621
58.209
80.000
51,531
558,864
2.582
703.509
{2,582)
(359,5981 1343,9111
2,000
30,736
40,449
125.876
63.819
{32,7361
{40.4491
(125,876)
(63,819)
3,485,495
705,749 (1,231.309} 12.903.736)
56,199
TOTAL OF FUNDS
4,374,124
1,7SO,390 11,866.1031
4,258,411
Page 29

WELLSPRING SErrLEMENT
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
17. STATEMENT OF FUNDS {CONTINUED}
Restricted Funds
Freehold WHLC
this balance reffects. the transfer of buildings to the newly fom)ed Wellspring
Settlement, transferred from Wellspring Healthy Living Cenlre, following the merger on 1 FebnJ8ry 2020.
Spear, Bristol Ageing Better, BCC Gr8nls, Cass, The Nelwork and John James Foundation - Restricted
income unspent balances will be spent in 2021- 22. Al funds are used to provide gervices across all our
Imp8cI areas.
Farnihouse development - balance reflecls the amount funded by Fulurebuilders England and NHS
8LFilding Fund, less non-capital spending on the project to redevelop the Farmhouse and includes tenant
specific requirements for the farmhouse development.
George Wills Hall - the charity received funds from Bristol City Councils CIL fund. these funds will be
used for a new roof and the addlllon of accessible facilities at the venue.
Microsettl8menl- these funds were used in the conslrucuon of the new building project as outlined in the
Report from the TrLtstees.
Strong Families- this fund includes both the Family Centre Project from previous years together with
SPAN project. The Family Centre received funding form Sl Pauls Children's centre and Children in Need
whilst SPAN'S grants include Impact Funding from Bristol City CoL*ncil together with funding lo deliver
Strengthening Families Strengthening Communllies courses.
Economic Resilience - encompasses BOOST Financ$ and We51 of England Works projects, funding Ss
aimed at improving local people's economic prospects.
Transfers beiween funds
During fhe year the Trustees reviewed the fvnding reslriciions that had attached to the property
acquisitions. The Trustees consider that all restrictions have been fulfilled and consequenly these
amounts have been transferred to unrestricted funds in the Current year.
Page 30

WELLSPRING SErrLEMENT
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
18. ANALYSIS OF NEf ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Restricted Unrostrlct•d
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
5,915,299
5.915.299
282,774
33B.973
1748,820} (748.820)
11,228,3841 (1,228.384)
118,6571
{18.657}
56,199
TOTAL
56.199
4,202,212
4,258,411
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Restricted Unrestricted
funds
funds
2021
2021
Total
funds
2021
Tangible fixed assets
Cutrenl assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
3,352,596
2,699.393
6,051,989
333,381
123,246
456.627
{200,482} 1420.585) {621,0671
{1.486,179} 11.486,1791
127,2461
127,246)
TOTAL
3,485,495
888,629
4,374,124
Page 32

WELLSPRING SErrLEMENT
IA COMPANY UMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
17. STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS - PRIOR YEAR
Balance al
31 March
2021
Balance at
1 April 2020
Transfers
inlout
Income Expenditure
UNRESTRICTED FUNDS
General funds
997,248
974,889
{872.7521 1210,7561
888,629
RESTRICTED FUNDS
Freehold WHLC
SPEAR grants
COVIO Income
CAF Resilliance Fund
BCC grants
CASS
2,142,772
6,500
4.839
152,549}
{71,399}
14.8391
142.9811
188.8301
1173.6051
(101,4251
190,0521
135,513}
2.090,223
6.500
71,399
49,679
86,332
173,605
107,584
90.052
6,698
6,144
43,888
52,497
12.590
558,864
8.642
43,888
46,338
12.590
594.377
Other restricted funds
The Netsvork
Farmholfse develoF)ment
John James Foundation -
commL¢nity fridge
George Wills Hall
Microsettlement
The Swan
University of Brlstol Fellowship
Grant
BOOST
West of England Works
SPAN
6,195
45.000
401,139
13,6131
145,0001
116.3991
133,4701
2,582
108,013
33.470
210.756
703.509
38,975
97,976
86,272
71.259
{36,975}
{97,9761
186.2721
171.2591
2.000
3,312,280
1.014.616 11,052,157)
210,756
3.485.495
TOTAL OF FUND8
4,309.528
1,989,505 11,924,909}
4,374,124
Paqe 31

WELLSPRING SErrLEMENT
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
19.
2022
2021
Nel incomelexpendilure for the year las per Statement of Flnancial
Activibesl
1115.713)
64,596
ADJUSTMENTS FOR:
Depreciation charges
Dividends, interests and rents from investments
Decrease in stocks
Decrease in debtors
Decrease in creditors
Movement in provisions
196,063
166.421
11,6471
307
38,686
{68,6141
3,689
(31,2941
{8.589)
NEf CASH PROVIDED BY OPERATING ACTIVITIES
44,156
201,749
20. ANALYSIS OF CASH AND CASH EQUNALENTS
2022
2021
Cash In harKI
119,212
233,177
TOTAL CASH AND CASH EQUIVALENTS
119.212
233,177
21. ANALYSIS OF CHANGES IN NET DEBT
At 1 Aprll
2021 Cash flows
At 31 March
2022
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
233.177
1113.9651
119,212
(94,6351 1159.0471 12S3,6821
{1,486,1791
257,795 11.228.384)
(1.347.637)
{15,217) {1,362,8541
Pag8 33

WELLSPRING SETTLEMENT
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
22. PENSION COMMITMENTS
The group operates a dofined contribution pensNJn scheme. The assets of the scheme are held separately
from those of the group in an independently administered fund. The pension cost charge represents
contributions payable by the group lo the fund and amounted lo £43,41512021.. £48,636) wlh a balance ol
£6,19512021-. £8,1141 payable at the balance sheet dale which is included in creditors.
23. OPERATING LEASE COMMITMENTS
At 31 March 2022 the Charity had commitments lo make fLrture minimum lease payThents under non-
cancellable operating leases as follows:
2022
2021
Not later than 1 year
Later than 1 year and not later than 5 years
2.856
4,563
7,419
24. MEMBERS, LIABILITY
Each rnember of the eharitable Company undertakes lo contribute lo the assets of the company in the
event of it being wound up while helshe is a member, or wlhin one year after helshe ceases lo be a
member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted
before helshe ceases to be a member.
25. RELATED PARTY TRANSACTIONS
The Charfty has not entored into any related party transaction during the year, nor are there any
outstanding balances owing bets￿en related parties and the Chafity at 31 March 2022.
Pag8 34