2023-03-31-accounts - Wellspring Settlement

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			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Chairman's Statement			2-3
Trustees' Report			4-13
Trustees' Responsibilities Statement			14
Independent Auditors'	Report	on the Financial Statements	15 - 18
Statement of Financial	Activities		19
Balance Sheet			20
Statement ofCash Flows			21
Notes to the Financial	Statements		22-37

Trustees			Abdi-Salam Askar, Treasurer	Abdi-Salam Askar, Treasurer	Abdi-Salam Askar, Treasurer	Abdi-Salam Askar, Treasurer	(from 26/01/2023) (appointed
			Abdi Mohamed,		Treasurer (until 23/11/2022) (resigned 23/11/2022)
			Abdullahi Farah
			Anne Joslin
			Gerry Monaghan
			Kerry Rowe, Vice Chair (until 15/12/2022)
			Mike Phipps (resigned 23/11/2022)
			Sarah Jahfar
			Sandra Kelly
			Thomas Meacock, Vice			Chair
			Will Bee, Chair
Company	registered
number			05031499
Charity registered
number			1103139
Registered		office	43 Ducie Road
			Barton Hill
			Bristol
			BS5OAX
Company	secretary		Joanna Holmes		(until 15/12/2022)
			Paul Simpson	(appointed		15/1	2/2022)
Key management			Joanna Holmes,		CEO (until 31/12/2023)
personnel			Beth Wilson, CEO (from			09/01/2023)
			Anya Mulcahy-Bowman,			Deputy CEO
			Afzal Shah, Deputy CEO (until				31/03/2023)
			Paul Simpson,		Deputy CEO
Independent		auditors	Bishop Fleming		LLP
			Chartered Accountants
			10Temple Back
			Bristol
			BS16FL
Bankers			Lloyds Bank Pic
			Regent Street
			Kingswood
			Bristol
			BS158HT
Solicitors			Burges Salmon
			1 Glass Wharf
			Bristol
			BS2OZX

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2023 F	2023	2023f	2022
Income from:
Donations and legacies				2,224	2,224	136
Charitable activities			1,091,358	864,427	1,955,785	1,750,254
Total income			1,091,358	866,651	1,958,009	1,750,390
Expenditure on:
Charitable activities			1,127,657	1,052,801	2,180,458	1,866,103
Total expenditure			1,127,657	1,052,801	2,180,458	1,866,103
Net movement in funds			(36,299)	(186,150)	(222,449)	(115,713)
Reconciliation offunds:
Total funds brought	forward		56,199	4,202,212	4,258,411	4,374,124
Total funds carried forward			19,900	4,016,062	4,035,962	4,258,411

				2023		2022
		Note		E
Fixed assets
Tangible assets				5,776,187		5,915,299
				5,776,187		5,915,299
Current assets
Debtors		12	238,221		219,761
Cash at bank and	in hand		3,269		119,212
			241,490		338,973
Creditors: amounts	falling due within one
year		13	(759,719)		(748,820)
Net current liabilities				(518,229)		(409,847)
Total assets less	current liabilities			5,257,958		5,505,452
Creditors: amounts	falling due after more
than one year		14		(1,203,339)		(1,228,384)
Provisions for liabilities		15		(18,657)		(18,657)
Total net assets				4,035,962		4,258,411
Charity funds
Restricted funds		16		19,900		56,199
Unrestricted funds		16		4,016,062		4,202,212
Total funds				4,035,962		4,258,411

				2023	2022
Cash flows from operating	activities
Net cash used in operating	activities			16,783	44,156
Cash flows from investing	activities
Disposal oftangible fixed assets				4,200
Purchase oftangible fixed assets				(54,161)	(59,373)
Net cash used in investing	activities			(49,961)	(59,373)
Cash flows from financing	activities
Repayments of borrowing				(95,218)	(98,748)
Net cash used in financing	activities			(95,218)	(98,748)
Change in cash and cash	equivalents	in	the year	(128,396)	(113,965)
Cash and cash equivalents	at the beginning		ofthe year	119,212	233,177
Cash and cash equivalents	at the end	of	the year	(9,184)	119,212
The notes on pages 22 to 37form part ofthese financial statements

Freehold property	2/o	Straight	Line Method
Fixtures and fitings	10/o	Straight	Line Method
Motor vehicles	20'/o	Straight	Line Method
Microsettlements	4'k	Straight	Line Method
Computer equipment	33/o	Straight	Line Method
Other fixed assets	10'/o	Straight	Line Method

	Unrestricted	Total	Total
	funds	funds	funds
	2023 F	2023f	2022 F
Donations	2,224	2,224	136

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023 f	2023	2023 F	2022 F-
Grants and contracts	1,087,546	185,412	1,272,958	1,169,581
Service charges				106,145
Room hire		71,452	71,452	32,415
Rental income		527,303	527,303	394,116
Other earned income	3,812	80,260	84,072	45,968
Consultancy				2,029
	1,091,358	864,427	1,955,785	1,750,254
TOTAL 2022	707,170	1,043,084	1,750,254

		Restricted	Unrestricted
		funds	funds	Total	Total
		2023	2023	2023	2022
				F	F
Charitable	activities	1,127,657	1,052,801	2,180,458	1,866,103
TOTAL 2022		1,231,309	634,794	1,866,103

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2023f	2023f	2023 E	2022 f.
Charitable	activities	1,186,466	993,992	2,180,458	1,866,103
TOTAL 2022		1,118,939	747,164	1,866,103
ANALYSIS	OF DIRECT COSTS

		Total	Total
		funds	funds
		2023	2022
		E
Staff costs		1,184,892	1,052,831
Catering	8 provision costs	1,574	2,657
SLA provision			59,290
External	contract costs		4,161
		1,186,466	1,118,939

						Total	Total
						funds	funds
						2023	2022
							E
	Depreciation					189,073	196,063
	Other staff costs					21,051	7,108
	Premises costs					269,406	212,814
	Computer and office supplies					134,691	86,473
	Governance and professional		costs			57,450	56,189
	Marketing and subscriptions					1,84&	392
	Insurance					29,559	24,457
	Bank and interest charges					55,1?8	56,613
	FOCUS					13,907	12,452
	External partners					220,842	83,889
	Vehicle costs					2,485	1,854
	Bad debts					(1,498)	8,860
						993,992	747,164
8.	AUDITORS' REMUNERATION
						2023f	2022 F
	Fees payable to the Charity's		auditor	for the audit ofthe Charity's	annual
	accounts					11,750	10,275
9.	STAFF COSTS
						2023f	2022 E
	Wages and salaries					1,056,921	940,581
	Social security costs					79,607	68,835
	Contribution to defined	contribution		pension schemes		48,364	43,415
						1,184,892	1,052,831

				Fixtures,
	Freehold	Micro-	Motor	fittings 8
	property	settlementsf	vehicles	equipment E	Total F
COST OR VALUATION
At 1 April 2022	7,026,021	723,720	13,200	316,393	8,079,334
Additions	54,161				54,161
Disposals				(4,200)	(4,200)
At 31 March 2023	7,080,182	723,720	13,200	312,193	&,129,295
DEPRECIATION
At 1 April 2022	1,845,612	43,032	13,200	262,191	2,164,035
Charge for the year	142,346	28,949		17,778	189,073
At 31 March 2023	1,987,958	71,981	13,200	279,969	2,353,108
NET BOOK VALUE
At 31 March 2023	5,092,224	651,739		32,224	5,776,187
At 31 March 2022	5,180,409	680,688		54,202	5,915,299

		2023	2022
DUE WITHIN	ONE YEAR
Trade debtors		147,602	173,233
Other debtors		10,546	7,585
Prepayments	and accrued income	80,073	38,943
		238,221	219,761

					2023f	2022f
Bank overdrafts					12,453
Bank loans					119,134	253,682
Other loans					64,375
Trade creditors					111,765	90,324
Other taxation and	social		security		119,773	44,114
Other creditors					60,691	63,852
Accruals and deferred		income			271,528	296,848
					759,719	748,820
					2023f	2022f
Deferred income at 1 April			2022		295,648	256,249
Resources deferred	during		the year		258,186	295,648
Amounts released	from previous			periods	(295,648)	(256,249)
					258,186	295,648


CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
			2023f	2022
Bank loans			261,615	222,289
Other loans			941,724	1,006,095
			1,203,339	1,228,384
Included within the above	are amounts	falling due as follows:
			2023f	2022
BETWEEN ONE AND TWO YEARS
Bank loans			97,595	38,381
Other loans			63,360	61,320
BETWEEN TWO AND FIVE YEARS
Bank loans			128,971	183,908
Other loans			211,544	205,354
OVER FIVEYEARS
Bank loans			35,049

CRED	ITORS: AMOUNTS FALLING DUE AFT	ER MORE THAN ONE YEAR (CONTINUED)
		2023f	2022f
Other	loans	666,820	739,421

						Balance at
			Balance at 1			31 March
			April 2022	Income	Expenditure	2023
			F
UNRESTRICTED		FUNDS
General funds			4,202,212	866,651	(1,052,801)	4,016,062
RESTRICTED FUNDS
Community Engagement				89,627	(89,627)
BCCgrants			4,668		(4,668)
CASS				207,766	(207,766)
Other restricted	funds		51,531	19,579	(51,210)	19,900
Physical activities				33,437	(33,437)
Central Services				68,478	(68,478)
Family Centre				112,946	(112,946)
Social Prescribing				161,856	(161,856)
Adult Social Care				50,000	(50,000)
Cafe				12,528	(12,528)
Food club				14,108	(14,108)
The Swan				30,000	(30,000)
Older persons				24,480	(24,480)
BOOST				74,176	(74,176)
West of England		Works		129,876	(129,876)
SPAN				62,501	(62,501)
			56,199	1,091,358	(1,127,657)	19,900
TOTAL OF FUNDS			4,258,411	1,958,009	(2,180,458)	4,035,962

STATEMENT O	F	FUNDS -P	RIOR YEAR
							Balance at
			Balance at			Transfers	31 March
			1 April 2021	Income	Expenditure	in/out	2022
UNRESTRICTED		FUNDS
General funds			888,629	1,044,641	(634,794)	2,903,736	4,202,212
RESTRICTED FUNDS
Freehold WHLC			2,090,223		(52,549)	(2,037,674)
SPEAR grants			6,500	35,446	(41,946)
Community Engagement				10,963	(10,963)
CAF Resilliance	Fund		6,698		(6,698)
BCC grants			6,144		(1,476)		4,668
CASS			43,888	164,630	(208,518)
Other restricted	funds		52,497	95,621	(96,587)		51,531
Physical activities			12,590	58,209	(70,799)
St Pauls Nursery				80,000	(80,000)
Family Centre			558,864		(36,713)	(522,151)
Adult Social Care			2,582		(2,582)
Food club			703,509		(359,598)	(343,911)
Older persons			2,000	30,736	(32,736)
BOOST				40,449	(40,449)
West of England		Works		125,876	(125,876)
SPAN				63,819	(63,819)
			3,485,495	705,749	(1,231,309)	(2,903,736)	56,199
TOTAL OF FUNDS			4,374,124	1,750,390	(1,866,103)		4,258,411

ANALYSI	S OF NET A	SSETS BETWEEN FUNDS	- CURRENT YEAR
			Restricted	Unrestricted	Total
			funds	funds	funds
			2023	2023	2023
					E
Tangible	fixed assets			5,776,187	5,776,187
Current assets			19,900	221,590	241,490
Creditors	due within one year			(759,719)	(759,719)
Creditors	due in more	than one year		(1,203,339)	(1,203,339)
Provisions	for liabilities	and charges		(18,657)	(18,657)
TOTAL			19,900	4,016,062	4,035,962

ANALYSI	S OF NET A	SSETS BETWEEN FUNDS	- PRIOR YEAR
			Restricted	Unrestricted	Total
			funds	funds	funds
			2022	2022	2022
			f
Tangible	fixed assets			5,915,299	5,915,299
Current assets			56,199	282,774	338,973
Creditors	due within one year			(748,820)	(748,820)
Creditors	due in more	than one year		(1,228,384)	(1,228,384)
Provisions	for liabilities	and charges		(18,657)	(18,657)
TOTAL			56,199	4,202,212	4,258,411

			2023	2022
				E
Net expenditure for the year (as per Statement		of Financial Activities)	(222,449)	(115,713)
ADJUSTMENTS FOR:
Depreciation charges			189,073	196,063
Decrease/(increase) in debtors			(18,460)	3,689
Increase/(decrease) in creditors			68,619	(31,294)
Movement in provisions				(8,589)
NET CASH PROVIDED BYOPERATING ACTIVITIES			16,783	44,156
ANALYSIS OF CASH AND	CASH EQUIVALENTS
			2023	2022
Cash in hand			3,269	119,212
Overdraft facility repayable	on demand		(12,453)
TOTAL CASH AND CASH	EQUIVALENTS		(9,184)	119,212

				At 1 April		At 31 March
				2022	Cash flows	2023
Cash	at bank and in hand			119,212	(115,943)	3„269
Bank	overdrafts	repayable	on demand		(12,453)	(12,453)
Debt	due within	1 year		(253,682)	70,173	(183,509)
Debt	due after 1 year			(1,228,384)	25,045	(1,203,339)
				(1,362,854)	(33,178)	(1,396,032)

			2023	2022
			E
Not later than		1 year	1,998	2,856
Later than	1 year and not later than 5 years		2,565	4,563
			4,563	7,419