ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021
WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee) CHARITY REGISTRATION No: 1105643
COMPANY REGISTRATION No: 05154582
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
WELLSPRING FAMILY CENTRE
| WELLSPRING FAMILY CENTRE | |
|---|---|
| (Company Limited by Guarantee) | |
| CONTENTS | |
| Page 3 | Legal and Administrative Information |
| Pages 4 to 9 | Directors' Annual Report |
| Page 10 | Statement of Financial Activities |
| Page 11 | Balance Sheet |
| Pages 12 to 19 | Notes to the Financial Statements |
| Page 20 | Independent Examiners Report to the Directors/Trustees |
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
LEGAL AND ADMINISTRATIVE INFORMATION
REGISTERED CHARITY NUMBER 1105643 REGISTERED COMPANY NUMBER 05154582 DATE OF INCORPORATION 15th June 2004 START OF FINANCIAL YEAR 1st July 2020 END OF FINANCIAL YEAR 30th June 2021 DIRECTORS AT 30TH JUNE 2021 Jonathan Beardon (Chair) Harry Grigg Kathryn Anne Smith Sheila Barber (appointed 04/12/2020) Daniel Andrew Johnson (appointed 04/12/2020) Melanie Mcevansoneya (appointed 04/12/2020) Company Secretary and Treasurer – Toby Rouse
The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.
LEGAL STATUS
Company Limited By Guarantee
GOVERNING INSTRUMENT
Memorandum and Articles Of Association Incorporated 15th June 2004.
OBJECTS
A. To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby including (though not by way of limitation) through the provision of such material assistance, advice and advocacy, and training for those persons in need of such assistance, in Dereham, Norfolk and the surrounding area and in such other parts on the United Kingdom or the world as the directors of the charity (herein called "the trustees") may from time to time think fit. B. To advance education by such means as the trustees may consider appropriate including (though not by way of limitation) by educating and training the public in basic skills, marriage and parenting skills, personal financial management, and by the provision of playgroup and nursery facilities, and personal and social development education for young people in the said location and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
REGISTERED OFFICE
PRIMARY BANKERS
35 Neatherd Road Dereham Norfolk NR19 2AE NatWest Bank Plc 32 Market Place East Dereham Norfolk NR19 2AR
INDEPENDENT EXAMINER
K Gomes Independent Examiners Ltd Unit 2 The Broadfields Business Centre Delling Lane Bosham PO18 8NF
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
DIRECTORS' ANNUAL REPORT
FOR THE YEAR ENDED 30TH JUNE 2021
Structure, governance and management
Wellspring Family Centre is constituted as a charitable company limited by guarantee registered with the Charity Commission in August 2004 under charity number 1105643 and with Companies House in June 2004 under company registration number 5154582. It is governed by a Memorandum and Articles of Association, last updated in June 2004.
Organisational Structure
The trustees/ directors are responsible for the general control and management of the charity/company. The trustees give their time freely and receive no remuneration or other financial benefits.
The trustees meet together as a body quarterly and are responsible for all decisions taken in relation to staffing the Centre and the activities provided. Day to day control of the individual activities is delegated to staff or a named volunteer as appropriate.
Recruitment and appointment of trustees/directors
New trustees / directors are recruited from membership of Wellspring Family Church, after demonstrating commitment to the charitable works of the Centre and competency and appropriate skills to fulfil the role of trustee/director. The decision to recruit new trustees lies with the Trustee body in consultation with the pastoral Eldership of the Church.
Induction and Training of trustees / directors
Following appointment, new trustees are given copies of the memorandum and articles of association and a list of the policies and procedures adopted by the Centre. Trustees are also made aware of the Charity Commissions publications on trustee’s responsibilities.
Risk Management
The trustees have assessed the risks to the charity and produced risk assessments following good practice guidelines. The trustees review these risk assessments regularly through the trustees’ meetings. At present no significant risks have been identified which give cause for concern. To mitigate risks, staff and volunteers are trained to the required level of competence and during the year safeguarding training has been provided.
Training Provided
The Trustees recognise the importance of training staff and volunteers to maintain and enhance the highest standards of service to our users. We recognise that investing in the people who work with us indicates the value we place in them and on the service that they give to our service users.
We ask our team leaders and their teams to let us know what training needs they have identified as well as recommending training to them. Four of the team members undertook a day first aid at work course.
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 30TH JUNE 2021
Objectives and Activities
The objects of the charity are set out in the charity’s memorandum and articles of association and are summarised as follows:
A. To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby including (though not by the way of limitation) through the provision of such assistance in Dereham, Norfolk, and the surrounding area and in such other parts on the United Kingdom or the world as the directors of the charity (herein called ‘the trustees’) may from time to time think fit.
B. To advance education by such means as the trustees may consider appropriate including (though not by way of limitation) by educating and training the public in basic skills, marriage, and parenting skills, personal financial management, and by the provision of playgroup and nursery facilities, and personal and social development education for young people in the said location and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
-
C. To promote charitable purposes for the benefit of the public in the following ways:
-
The preservation and protection of health
-
The provision of training with the object of relieving unemployment in the said location and in such other parts of the United Kingdom or the world as the trustees from time to time think fit.
Activities and Achievements
Overview of Activities for the year
This year we have celebrated 17 years of operation as the charity continues in its work to meet local need in diverse ways. We continue to take advantage of the resource that our Centre offers as well as using the skills and enthusiasm of our team of volunteers to meet people and meet need.
During the year, and in the face of the challenges of a global pandemic, we have maintained our facilities and sustained the ongoing running of our existing outreach projects as well as exploring how we can adapt our services to address needs thrown up by the pandemic. The thrust of our programmes continues to be centred on social action to support those with Chronic Health Problems and supporting the wide range of community groups who use our facilities.
Developing our Facilities
As a result of the pandemic, this year we are pleased to have been able to respond by investing in implementing further health and sanitary equipment such as sanitiser stations. We have replaced our failing dishwasher and upgraded the sanitary ware in the servery.
Mid Norfolk Foodbank
The Centre hosts a Distribution Centre for the Mid Norfolk Foodbank, providing emergency food to local people in financial crisis. This is a joint initiative involving many of the local churches in and around Dereham, Fakenham and Swaffham with volunteers drawn from many local churches and the community.
CAP Money
For several years now, we have been offering the nationally acclaimed free CAP Money Course. This course helps people better manage their finances and we run it from time to time when there is demand for it. We partner with other agencies in the district in the running of a locally based CAP Debt Centre. This Centre offers a free debt advice service to people in difficulty.
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 30TH JUNE 2021
Activities and Achievements (continued)
Well-come
A bi-weekly support group to those recovering from mental health problems aimed at rehabilitating and encouraging members back into their local communities. Members are referred to Well-come from the local NHS health professionals. Often, new members are accompanied on a first visit to try the group out and then after a couple of visits grow in confidence to come along.
Elevate
A support group for people with ME and Chronic Fatigue Syndrome (CFS), and their family carers, who live in midNorfolk. We provide monthly meetings at WFC, social networking. We hope to resume occasional outings and home visits for the severely affected when it is safe to do so. The group aims to reduce isolation, improve quality of life, and help to either start or accelerate a recovery process by providing: social events and networking; information on good illness/lifestyle management techniques; sign-posting to statutory and other services; encouragement/inspiration to engage in various forms of occupational therapy by providing optional creative and recreational activities.
Little Lambs
New to 2021, the group meets weekly and befriends and supports parents, grandparents, and carers of babies and toddlers, and provides a safe, secure environment for children to learn and play.
Illuminate
A weekly in term-time youth group for 11-19 year-olds, providing a safe and fun place to meet up.
Coronavirus Emergency Response initiative
At the start of the Coronavirus pandemic we re-directed our charity’s volunteers to run essential errands for isolated and shielding people in the community, in a scheme which was rapidly developed in consultation with other local partner.
Accommodate
A supported housing project for vulnerable people, delivered in partnership with the Hope In Action charity.
All our projects have benefited from the hours of volunteer service provided by the teams working in them. The Trustees are very grateful to each and every one of them.
How our activities deliver public benefit:-
The charity carries out a wide range of activities in pursuance of its charitable aims. In promoting and through personal involvement in these activities, the trustees are complying with their duty to have due regard to the guidance on public benefit published by the Charity Commission and that these activities, summarised below, provide benefit both to those who attend services delivered at the Centre and to the wider community of Dereham.
Community Outreach
Our hall and meeting rooms are available for use by local groups and organisations. As well as our own projects we have been pleased to welcome other users including:
Norfolk Children’s Services Dereham Rangers Marvellous Mums Suffolk Children’s Services Rainbows Wellspring Family Church Guides Trinity Solutions Nelsons Journey U3A Table tennis Weight Watchers and various individual users.
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 30TH JUNE 2021
How our activities deliver public benefit (continued):-
We work in partnership with many of these organisations in mutually promoting our objectives. Our own projects deliver public benefit through active engagement with the community around us as summarised below: -
Well-come
Well-come exists to support sufferers of long-term health issues. We currently have 25 members attending on a regular basis, with an average 8 at each session. Well-come is staffed by a team of 2 staff members and 6 volunteers allowing one to one contact with each member as necessary. We provide a varied programme of activities ranging from craft activities, life-skills training in cooking and IT, outings and enjoying meals together. We offer a befriending service to clients, linking volunteers with individual clients for informal social contact. Volunteers have also visited members at home or hospital where appropriate to encourage and support them.
The impact of Covid-19 meant that we had to adapt how the group has been run; with the introduction of virtual Zoom meetings instead of the usual in person group meetings, and holding outside activities such as walks as and when government guidance allowed us. Following the lifting of restrictions, we held face to face meetings at the centre.
Historically we had run two volunteer-led weekly sessions as part of our Well-come group, but with the increasing volume of referrals we are receiving, and the desire to run three weekly sessions we realised that this was too much for our elderly volunteers to take on. This has therefore led us to the decision to recruit a dedicated worker to support all the volunteers so that they can more profitably focus on befriending/supporting our members. We are aware that there are very few services like this in the local area and that the level of need is high, though many potential beneficiaries find accessing the group a big emotional hurdle and need a lot of support coming in the first time. Liaising with partners such as NHS staff will also be an important part of the new role, promoting and increasing awareness of our services which will in turn lead to more referrals.
Illuminate
The Illuminate Youth group welcomes 15-20 young people, each week with 25 on the books. We have helped the young people through personal challenges such as stress and peer pressure on an informal mentoring level.
The impact of Covid-19 has meant that we had to move to virtual Zoom meetings instead of the usual in person group meetings. The young people were able to adapt quickly with the technology, and we were able to connect with some new members further afield as a result of the technology and the group has grown. As lockdown eased and restrictions lifted, we have been able to run in person meetings, and this year we introduced cooking and a meal as part of each session. This was a greatly received by the young people who are developing in cookery skills and hospitality.
Mid Norfolk Foodbank
During the year our Centre has continued to open twice a week for the Distribution Centre for Mid Norfolk Foodbank, helping local people with no money to buy food for themselves or their families. Manned by a body of volunteers from a number of local churches the Foodbank gave out food to over 4000 local people directly. Foodbank also gave food out to other organisations so there is a 'hidden' number of people fed indirectly. Focusing now on the overall number of meals provided, this is estimated to be in the region of 50,000 for the last year across direct and indirect provision.
This work has continued and increased during the pandemic as need has become more urgent. We have assisted the Food Bank with logistics and transport including delivery to users who were in quarantine or shielding.
CAP Money
CAP Money Management is a three-session course aimed at helping people manage their finances better. Due to the effect of the pandemic, we were unable to run any courses in the year but have resources and volunteers ready for future uptake.
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 30TH JUNE 2021
How our activities deliver public benefit (continued):-
Elevate (continued)
Over the last year Elevate has been connected with over 200 people with ME/CFS and their carers from across Norfolk through a combination of meetings, Facebook group contact, a newsletter and a few visits. The Covid-19 pandemic has meant a change to meeting mostly on Zoom instead of in-person although we have hosted a few smaller outdoor meetings. The Elevate Facebook group has steadily grown to 249 members and is very active with people asking questions, befriending, and providing mutual support. We have corresponded with individuals who are more severely affected including a young adult who is in a care home. The website provides signposting and has had 1982 users over the last year with an average of 2 pages viewed per session. This all continues to maintain a growing supportive relational network, providing pathways out of isolation, improving quality of life. In some cases, Elevate has assisted with some degree of recovery of health through good management of the illness and signposting to other sources of help.
Coronavirus Emergency Response
Since the start of lock-down in response to the pandemic, we have undertaken 495 errands across 88 different households including collecting pharmacy orders, supermarket shops and so on. At the end of the financial year, with the rise in vaccinations, end of shielding and easing of lockdown measures, need for the project in its current form significantly reduced. The team therefore decided to no longer continue advertising the services, but keep the helpline open in case individuals had no other choice.
We have been very encouraged to forge stronger relationships with organisations such as Community Action Norfolk, Age UK, and the Red Cross through the project, and continue to partner with them through Well-come.
Accommodate
A new project which we have been developing this year in partnership with Hope into Action and in consultation with Breckland District Council. Thus far we have developed a business plan and recruited a number of investors who together will form a separate trust, and also a group of befrienders who are being trained. The next step will be to purchase a suitable local property. Our charity will then begin the process of securing and supporting the first pair of tenants.
Performance review and partnership working
We have continued to implement the increased monitoring procedures and reclarified aims and objectives of each of our projects. The procedure also proved particularly useful in researching potential new projects within the year. Using SMART objectives and measuring tools, we are able to track more clearly the progress of reaching achievements and objectives in each project.
In developing our community programs, we are pleased to continue our working partnership with Breckland District Council and Norfolk County Council Children’s Services Department. We work closely with churches in the Dereham area in promoting faith-based initiatives and social outreach and Wellspring Family Centre is now recognised within the local community as a strong participant in providing facilities and care for the town and its citizens. We could not have achieved what we have without the added support from sponsors and donors alike and our thanks are expressed to the following organisations: -
The Mrs Smith & Mount Trust Barnard Kenneth Hufton Trust Anglian Water Positive Difference Fund Aquarirus Charitable Trust Coronavirus Community Support Fund Souter Charitable Trust Groundwork UK The Edward Gostling Foundation Small Grants Programme Mattishall Church Awards for All Barnabas Trust CAF Resilience Fund Matthews Wrightson Charity Trust The Fyrish Foundation The Mickleham Trust All churches Trust Co-op Token Scheme The Martin Laing Foundation Paul Bassham Charitable Trust The Albert Hunt Trust The Angela Gallagher Memorial Fund The Laura Elizabeth Stuart Memorial Trust
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
DIRECTORS' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 30TH JUNE 2021
Statement of Directors' Responsibilities:
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required 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 charity will continue in business;
d)
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are also responsible for the contents of the Directors' report, and the responsibility of the independent examiner in relation to the Directors' report is limited to examining the report and ensuring that on the face of the report there are no inconsistencies with 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 activities and balance sheet for the year ended 30th June 2020 and confirm that I have made available all information necessary for its preparation.
Approved by the Directors on the ……………………………………………
Signed on their behalf by Director ……………………………………………
Printed Name: Mr Jonathan Beardon
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2021
| Notes INCOME Donations & Legacies 3a Investment Income 3b Activities for Generating Funds 3c Charitable Activities 3d TOTAL INCOME EXPENDITURE Cost of Charitable Activities 4a Governance Costs 4b TOTAL EXPENDITURE NET INCOME/(EXPENDTURE) Total Funds Brought Forward Transfers Between Funds TOTAL FUNDS CARRIED FORWARDS |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2020/21 2019/20 £ £ £ £ £ 15 - 101,175 101,190 87,657 - - - - 22 12,499 - - 12,499 19,886 4,542 - 538 5,080 1,815 |
|---|---|
| 17,056 - 101,713 118,769 109,380 |
|
| 7,011 - 76,864 83,875 67,104 - - 1,183 1,183 1,183 |
|
| 7,011 - 78,047 85,058 68,287 |
|
| 10,045 - 23,666 33,711 41,093 15,899 - 45,573 61,472 20,379 (17,001) - 17,001 - - |
|
| 8,943 - 86,240 95,183 61,472 |
Movements on all reserves and all recognised gains and losses are shown above.
The notes on pages 12 to 19 form part of these financial statements.
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
BALANCE SHEET
AS AT 31ST JUNE 2021
| Notes Fixed Assets Tangible Assets 2 Current Assets Debtors & Prepayments 8 Cash at Bank and in Hand 7 Total Current Assets 9 NET CURRENT ASSETS TOTAL ASSETSless current liabilities 10 NET ASSETS Funds of the Charity: General Funds Designated Funds 5 Restricted Funds 6 TOTAL FUNDS Creditors:amounts falling due within one year Creditors: amounts falling due in more than one year |
Unrestricted Restricted Total Total Funds Funds 30-Jun-21 30-Jun-20 £ £ £ £ - - - - - - - - 27,114 69,239 96,353 62,642 |
|---|---|
| 27,114 69,239 96,353 62,642 |
|
| 1,170 - 1,170 1,170 25,944 69,239 95,183 61,472 |
|
| 25,944 69,239 95,183 61,472 - - - - |
|
| 25,944 69,239 95,183 61,472 |
|
| 8,943 - 8,943 15,899 - - - - - 86,240 86,240 45,573 |
|
| 8,943 86,240 95,183 61,472 |
Directors' Responsibilities:
The Directors are satisfied that for the year ended on 30th June 2021 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 20.
The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The Directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit and loss for the financial year in accordance with the requirements 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 …………………………………………… Signed on their behalf by Director ……………………………………………
Printed Name: Mr Jonathan Beardon
11
WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
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 with 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 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
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.
Cash Flow Statement
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
There has been no change to the accounting policies (Valuation rules and methods of accounting) since last year.
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 liability in respect of the guarantee is limited to £1 per member of the charity.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial 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 measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
12
WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30TH JUNE 2021
1. ACCOUNTING POLICIES (Continued)
Incoming Resources (continued)
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
Investment Income
This is included in the accounts when receivable.
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
Assets
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Tangible Fixed Assets
Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year and cost at least £2,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
13
WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30TH JUNE 2021
2. TANGIBLE FIXED ASSETS
The Charity held no tangible fixed assets during this or the previous financial year.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30th June 2021 : None
30th June 2020 : None
3. INCOME
| a) Donations & Legacies Gifts & Grants Gift Aid Tax Recovered b) Investment Income Bank Interest c) Activities for Generating Funds Premises Hire Snack Bar d) Charitable Activities Activities & Events Sundry income TOTAL INCOME |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2020/21 2019/20 £ £ £ £ £ 15 - 101,175 101,190 87,657 - - - - - |
|---|---|
| 15 - 101,175 101,190 87,657 |
|
| - - - - 22 |
|
| - - - - 22 |
|
| 12,268 - 12,268 18,474 231 - - 231 1,412 |
|
| 12,499 - - 12,499 19,886 |
|
| - - - - 1,815 4,542 - 538 5,080 - |
|
| 4,542 - 538 5,080 1,815 |
|
| 17,056 - 101,713 118,769 109,380 |
14
WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2021
4. EXPENDITURE
| Note a) Cost of Charitable Activities Activities & Events Advertising & Publicity Cleaning Costs Fundraising Costs Furniture & Equipment Costs Insurance Costs Payroll Services Premises Hire Printing, Postage & Stationery Professional Services Repairs & Maintenance Staff Costs Training Costs Travel & Subsistence Utility Costs b) Governance Costs Independent Examiner's Fee 9 Filing Fees TOTAL EXPENDITURE |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2020/21 2019/20 £ £ £ £ £ 166 - 2,467 2,633 5,098 0 - 299 299 1,356 0 - 743 743 463 - - 8,748 8,748 8,650 (0) - 7,736 7,736 766 (0) - 1,059 1,059 834 0 - 537 537 556 - - 8,520 8,520 - (0) - 2,907 2,907 1,329 4,356 - 1,964 6,320 4,370 0 - 1,161 1,161 9,042 2,488 - 36,988 39,476 30,466 - - 240 240 220 0 - 240 240 286 (0) - 3,255 3,255 3,668 |
|---|---|
| 7,011 - 76,864 83,875 67,104 |
|
| - - 1,170 1,170 1,170 - - 13 13 13 |
|
| - - 1,183 1,183 1,183 |
|
| 7,011 - 78,047 85,058 68,287 |
15
WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2021
5. DESIGNATED FUNDS
The Charity held no designated funds during this or the previous financial year.
6. RESTRICTED FUNDS
CURRENT YEAR
| Elevate Fund Destiny Quest Family Centre Funds Illuminate Fund Well-Come Fund TOTAL |
Total Total 01-Jul-20 Income Expenditure Transfers 30-Jun-21 £ £ £ £ £ 287 - - - 287 - 500 - - 500 28,177 83,874 55,679 56,372 250 - 23 - 227 16,859 17,339 22,345 - 11,854 |
|---|---|
| 45,573 101,713 78,047 - 69,239 |
(The transfer is a correction of the previous year's figures)
PRIOR YEAR
| ` Elevate Fund Destiny Quest Fund Family Centre Funds Illuminate Fund Well-Come Fund TOTAL |
Total Total 01-Jul-19 Income Expenditure Transfers 30-Jun-20 £ £ £ £ £ 417 - 130 - 287 - 4,000 4,000 - - 9,896 43,060 24,017 (762) 28,177 - 250 - - 250 5,969 30,787 19,897 - 16,859 |
|---|---|
| 16,282 78,097 48,044 762 - 45,573 |
Elevate Fund - A support group for people with ME and Chronic Fatigue Syndrome (CFS), and their family carers, who live in mid-Norfolk.
Illuminate - A weekly in term-time youth group for 11-19 year-olds, providing a safe and fun place to meet up.
Well-come Fund - A bi-weekly support group to those recovering from mental health problems aimed at rehabilitating and encouraging members back into their local communities. Members are referred to Well-come from the local NHS mental health team.
Destiny Quest Fund - Our children's work 'Destiny Quest' is a busy outreach amongst younger children. We run weekly during term-time for anything up to 25 children.
The Restricted funds are wholly represented by the Charity's cash reserves.
16
(Company Limited by Guarantee)
WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2021
7. CASH AT BANK AND IN HAND
| Cash at Bank and in Hand | Unrestricted Restricted Total Total Fund Fund 30-Jun-21 30-Jun-20 £ £ £ £ 27,114 69,239 96,353 62,642 |
|---|---|
| 27,114 69,239 96,353 62,642 |
8. DEBTORS AND PREPAYMENTS
| Prepayments Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 30-Jun-21 30-Jun-20 £ £ £ £ - - - - - - - - |
|---|---|
| - - - - |
9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Sundry Creditors Independent Examiner's Fee |
Unrestricted Restricted Total Total Fund Fund 30-Jun-21 30-Jun-20 £ £ £ £ - - - 1,170 - 1,170 1,170 |
|---|---|
| 1,170 - 1,170 1,170 |
10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term labilities during this or the previous financial period.
11. ANALYSIS OF NET ASSETS BY FUND
| Fixed Assets Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Fund Fund 30-Jun-21 30-Jun-20 £ £ £ £ - - - - 25,944 69,239 95,183 61,472 - - - - |
|---|---|
| 25,944 69,239 95,183 61,472 |
17
(Company Limited by Guarantee)
WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2021
12. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES
The Company is Limited by Guarantee (05154582) and is a Charity registered with the Charity Commission (1105643) and does not have a Share capital and has no income subject to Corporation Tax.
| Profit / Deficit for the financial year Other Recognised Gains Balance Brought Forward Closing Funds at 30th June 2020 |
2020/21 £ 33,711 - 33,711 61,472 95,183 |
2019/20 £ 41,093 - |
|---|---|---|
| 41,093 | ||
| 20,379 | ||
| 61,472 |
13. STAFF COSTS AND NUMBERS
| Gross Wages and Salaries Employer's National Insurance Costs Pension Contributions |
TOTAL 2020/21 £ 36,766 - 2,710 39,476 |
TOTAL 2019/20 £ 29,221 1,245 |
|---|---|---|
| 30,466 |
The Charity operates a PAYE Scheme to pay all employed members of Staff.
Employees who were engaged in each of the following activities:
| Charitable Activities | TOTAL 2020/21 4 4 |
TOTAL 2019/20 4 |
|---|---|---|
| 4 |
No employees received emoluments in the range of £50,000 to £60,000 (2019/20:None)
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2021
14. DIRECTORS AND OTHER RELATED PARTIES
Wellspring Family Centre is closely associated with Wellspring Family Church; two directors of Wellspring Family Centre are also directors of Wellspring Family Church, including one who is the pastor of the Church. During the year, there have been transactions between the two charities: the Church has been contributing to a worker for Illuminate, and the Centre has been paying the Church for a development worker. The Centre has also made a payment to the Church for room hire.
One employee, Mrs K Kingsnorth, is the spouse of the director Mr R Kingsnorth who resigned last year. Her total remuneration during the year was £4,218
Other than the above, no payments were made to Directors or any persons connected with them during this financial period, other than reimbursement for items bought on behalf of the charity. No material transaction took place between the charity and a Director or any person connected with them.
15. RISK ASSESSMENT
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
16. RESERVES POLICY
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
17. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Report of the Directors. The directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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WELLSPRING FAMILY CENTRE
(Company Limited by Guarantee)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
-
the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
K Gomes MAAT Independent Examiners Ltd Unit 2 The Broadfields Business Centre Delling Lane Bosham Signed…....................................... PO18 8NF
Date:……27.9.21
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