ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023 WELLSPRING FAMILY CENTRE (Company Limlted by Guarantee) CHARITY REGISTRATION No: 1105643 COMPANY REGISTRATION No: 05154582 Independent Examlners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham P018 8NF
WELLSPRING FAMILY CENTRE (Company Umlted by Guarartee) Page 3 Legal and PA1mln15trnVve Information Page5 4 to 9 DirettoFS' Annual Rert Page 10 IndepeTh*nt Examiners Report to the DlrrttwsThrustees Page 11 Statement rf Flnandal Acimves Page 12 Pages 13 to 20 Nrtes to the FinarKial Ststemwts
WELLSPRING FAMILY CENTrE (Company Umlted by fAwTrnt¢•) LEGAL AND ADMINISTRATIVE If4FORMATION REGisfERED CHARITY NUMBER 1105643 REGIERED COMPANY MUMBER 05154582 DATE OF INCORPORAnoN 15th June 2004 START OF FINANCIAL YEAR isi July 2022 END OF FINAMCIAL YEAR 30th June 2023 DIREcfoRS AT 30TH JUNE 2023 Jonathan aeardon (Chair) Harry Grigg Sheila Barber Daniel Andrew hnsC Melanie McEvansoneya C(paTry Secretrry and TreaSUr- Toby Rouse exSsting trustees apw)irt any new trustees flOw1n9 the proVIs5 lawj out In the organ153Uon's VeM1Thg instrument. LEGAL STATUS COmY Umited By Guarantee GOVERNING INSTrUMEiir MeTh?randum and ArtKles Crf Associatson IncOryrated 15th June OBJECT5 A. To lieve persons who a in conditions of need hardshfrp or who a aged or Sick and to relieve the dlstress caused thereby Induding (though not by way of Ilrnltation) through the provision of such material asslstance, advice and advocacy, and training for those persons in need of such aSsistar. In Dereham. Norfolk and the surroundlng aa and in sh other parts on the United Kingdom or the w0d as the director5 of the charity {heTr called "the trustees'l may frorn time to lime think fit. L Tts afvan education by such means as the trustees may conslder appropriate induding (though not by way of lirnitation) by educating and tralning the publlc in basic skills, mamage and pantIng skills, personal financial management. and by the provision of playgroup and nursery facilities. aThJ rsonal and swal development edKation for young people in the sald locadon and In such other parts of the United KingiJ¢ym or the wotld as Lhe twstses may from time to tsme think fft. 35 Neatherd Road Dereham Norfolk NR19 2AE REGISTERED OFFICE PIUMARY BANKERS Natwest Bank Pk 32 Market at* East Dertham Norfolk NR19 2AR INDEPENDENT EXAMINER K Gomes Independent Examlrers Ltd Unit 2 The Broadfields Business Cent Delling Lane Bosham P018 8NF
WELLSPRING FAMILY CENTRE (A Company Limited by Guarantee.) Report of the trusteesldire¢tors for the year ended 30 June 2023 Structurgi govemance. and management Wellspring Family Centro is consliluled as a charitable company Ilmited by g(rantee registered with the Charity Commission in August 2004 undei charity number 1105643 and wilh Companies House in June 2004 under company regislralion number 5154582. 11 is govem8d by a Memorandurn and Artlcles ofA8sodalion, last updated in Jun8 2004. OryanhaUon•l Stru¢turn The Irusleesl directors are responsible for the general control and management of the chaiitylcompany. The truslees give their lime freely and Ceive no rernuneTalion or other flnancial benefits. The Iruslees meet together as a body qvartedy and are l)nSIble for all decisions taken in re181ion lo stsffing Ihe Centr• and Ihe a¢tlvilles provided. Day lo day conlfol of the indSvi¢Jual a¢tiwties is delègated lo staff or a named volunteer 8$ appropriate. R•¢rultsn?nt and appolntm•nt of tru8t••sldlr•ctorn New trustees I diredoTS are recwiled from membership of Wellspring Famity Churth, after demonstratin9 commitment to Ihe charilable works of the Cenlre and competency and appropfialg skills to fulfil tha rolè of trusteeldirecaor. The decision lo recruit new trustees Il&$ with Ihe trustee body in consuttalion with the pasloral leadership of the Church. Inductlon and Tralnlng of truitsos I dlr•ctor• Following appoinlrnent, new bustees are gSven (x>pies of the Memorandum and Artides of A$50ciation and a lisl ol the policies and procedures adopted by the Centre. Truslees are also made aware of the Charily Comrnission's publi¢alitsns on Iwslee's responsibilities. Risk Manag•ment The Iruslees have assessèd the risks lo the charity and prodUd risk assessrnenls lollowing good praCte guidelines. The trustees review these risk assessments regularly through the trustees, rneetings. Al present no signrftcant risks have been identifred which give cause for concern. To mitigale risks. staff and volunteers are trained lo the required lev81 of cornpelence and during the year safeguafding training has been pded. Tralnlng Provld•d The Tru$t8es recognise Ihg importance of training staff and volunteers to rnaintsin and enhance the highest standards ol service lo our usors. We recognise that Investing in the people who work with us indicates (he value we place in them and on the service ihat they give lo our seTvice users. We ask our team leaders and their teams to let us know what training needs ty have identified as well as recommending iraining lo them. Over the course of Ihe year, several of our team members undertook food hygiene ¢ourses, our youth worker completed a First Aid course, and our Operations Manager completed a Course in Banking and Finance Accounting Statements Financial Analysis.
Obl•ctlv•s and Activities The objed5 ofthe charity are sel out in the charity's Memorandum and Artides of AssocAatson a1 are summarised as follows A. To relieve persons who are in conditions of need or hardship or who are aged or sick and lo relieve the distfess caused thereby including Ilhough not by the way of limtslionl through the provision of such assistancè in Dereham, Norfolk, and the surrounding area and in such olhgr parts on thè Unked Kingdom or the worfd as the dire¢tors of the charity (herein called 'lhe Iruslees'l may from lime lo time think ffil. B. To advance education by such means as Ihe trvstees may consider appfopriale induding Ilhough not by way of limilalionl by educallng and training the public In basic skills, marrfage, and parenting skills, personal financial rnanagemenl, and by the provisson of playgroup and nursery facilities, arJ personal and soaal development education for young people in Ihe said location and in such other parts ofthe United 'ngdoM or the world 8s the Iruslees may from time to time think frt. C. To Pfomote charit8ble purpo$e$ forthe benefit of the public the following ways.. The preservation and PTolection ol health The provision of training wilh the object of relieving uMplOynnt In the said location and in such other parts of the Unrfed Kingdom or the worfd a8 the trustees from time lo time think fil. Activities and Achievements Ov8rni&w olActivitAes forthe year This year we have celebrated 19 years of operation as the charity continues in its work lo meet local need in diverse ways. We continue to take advanlage of the resour that our Centre offers as well as using the skills and enthusiasm of our team of volunleers to meet people and meet need. During the year, and in the face of the challenges folbwing the global pandemic, we have maintained our fatilities and sustained thè ongoing running of our exisling outreach projects as well as exploTing how we can adapt our seNees lo address needs Ihrown tsp by the pandemic. The Ihiusl of our programmes continues to be (%nlre(l on social action lo support those wf(h Chronic Health Problems and supporting the wide range of community groups who use our fadlilies. Developing ourF&cililigs We havè installed a solar panel and battery system on our premises. This has had the dual PUTpose of lo safeguarding against rising energy bills and ensuring enviTonmenlal responsible operations. Norfolk Foodbank The Centre hosts a Distribution Cènlre for the Mid Norfolk Foodbank, promding ernergerY food to local people in financial crisis. This is a joint initiative involving many of the local churches in and around Dereham, Fakenham and Swaffl)am with volunle8rs drawn from rnany local churches and the community. CAP Money For several years now, we have been offering the nationally acdairned tre& CAP Money Course. This course helps people better manage their finances and we run il frim lime to lime when there is dernand for It. We partner with other agerries in the distflct in the runnin of a locally based CAP Debt Cenlre. This Centre offers a frèe debt advice service lo peopk? in difficulty.
Wolkcome A three limes weekty support group for tIK)$e recovgring from mentsl health problems aimed al rehabililaling and encouraging members bac4( into Iheif local communities. Members are referred lo Well-¢ome from the Iccal NHS health PTofessionals. Often, new members are 8cLornpanied on a first yisil lo ty the group out and then after a couple of visits grow in ConfnCe lo come along. Bevale A support group for people with ME and Chronlc Fgue Syndrome ICFSI. and their famity carers. who live in rnid-Norfolk. We provide monlhly meebngs al WFC, scKial nèlworking. We hope lo resume occasional outings and home vi$ils for the severely affeded when il is sale to do so. The group aims lo reduce isolation, irnprove quality of life. and help lo either start or accelerate a recovery process by providing social events and neorkIng.. information on good Illnèssllifestyle managernent techniques., sign-posting lo slalutory and other service5', encouTagemenVinspiration to engage in variou5 forms ol occupalK)nal Iherapy by providing optional creative and recreational adivities. Illuminète A weeY in lerm-lime youlh group for 10.19 yearaolds, Providing a safe and fun place lo me&t up. tile Lambs Little Lambs meets w8ekly and befriends and suppc¥ts paTants, grandparent5. and carers of babies and toddlers, and prowdes a safe, secure enwronmenl for children to leam and play. Accommodate Accommodale is a supported houslng pseCt for vulnerable people, delSvered in partnership with tha Hope In Adion charity. Food Cabin New lo 2022, Food Cabin wwdes affordable food item5 and loilelries on a membership basis. and signposts to other areas of support. All our projects have benoffted from the hours of volunteèr Servi PTovided by th8 teams working in thern. The Trustees are very grateful to each and every one of Ihem. How our act1viti d•ll¥•r public bgn•fit- The charty carrie5 Oibl a wide range of activities in pursuance of ils Charilable aims. In promoling and through personal involvement in thèsè activit$, the trustees arè complying th their duty lo havo due regard lo the guidance on public benefrt published by the Charity Commission and that Ihese adivities. summarised below, piowde txnefil both to those who attend services delivered al the Centre and lo the widèr community of Dereham. Communlty Oulreach 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 Induding.. Norfolk Children's Services. Suffolk Children's SeNces, Guide5 Dereham Rangers Rainbows Little Footsteps Nursery Weight Watchers MaNellous Mums U3A Country Dancing U3A Line Dan¢ing TM Youth Services NHS Queen Elizabeth Ho8tal The Cup O-T and various individual users.
We work in partnership with many of these organisathjns in MYallY prornotsng our obleclivès. Our own projects deliver public bgngff( through active engagement with Ihe eornmunty around us as summ8fised below'.- Well-com8 Well-come exists to support sufferers of lontem) health issues. We currently have 55 members attending on a regular basis. with an average 14 al each session. Wall-come is staffed by a team of 1 $18ff mamber and 8 volunte8rs allowing one to one contact wilh each mèmber as necessary. We provide a varied programm8 of activllies ranging from craft 3¢tivities, life-skn'lls training in cooking and IT. outings and enjoying meals together. We offer a befriendin9 service to clients. linknng volunteers wlh individual clients for infornial social contact. Volunteers have also visiled members al home or hospital where appropriate to encourage and support them. We run three weekty sessions and have a de31ed worker to support volunteers and members. We are aware that there are very lew Services like this in the local area and that the level of need is high, though many polential beneficiarias find accessing the group a blg emotional hurdle and need a lol of supwrt combng in the first lime. Liaising with partners such as NHS staff will also be an irnportant part ol the new role. promoting and incr&88ing awareness of our seNce5 whith wdl in turn lead to more releirals. Illunate The Illuminate Youth group wethmes 15 young people. each weèk with 20 on the books. We have helped Ihe yotjng people through personal ¢hallenges such as stress, bullying, mentsl heatth, peer Pressure on an informal mentoring level. The group continues to grow and wè Wel(m9 more Y(ng people as the 0Up develops. Norfolk Foodbank thjring the yaar our Centfe has continued to opon twice a week to host the Dereharn Oislribulion Centre for Mid Norfolk Foodbank. providing emergency food parcels lo jcal people in financial crisis. Manned by a body of over 40 volunteers from a nurnber of local churches the Foodbank gave oul food lo 5,330 local pèople la51 year dife¢tly. Foodbank also supports the Community Fridge run by Love Dereham bul donallons have been $ignifi¢anlly affected by èconomic factors. so amounts are now agreed on a week- by-week basis dependent on slo¢k levels. The Energy bank has also been of significant heJ to the community. Mid Norfolk Foodbank recewed 3 pots of grant money lo facililale Ihi5 and has been able to provide E-vouchers towards the cost ol gas and elecliirity amounting lo £6,8LX). An average voucher is valued al £50 so roughly 136 househoklers have recewed help with their domestic fu81 costs. CAP Money CAP Money Management is a three-session course aimed at helping peoplè manage their finances better. During the year 4 short 1..1 sess#)ns were Tun for whom the full debt swice was not appropriate. In terms of the Debt Cenlre, the new Cornmunity nkS Co-ordinator began her role at the end ol March and has worked raising the profile of the service in and around Dereharn. Befften July 22 and June 23. the Det Cenire Saw 21 new referrals and 4 households be dedared debt El6vat8 Over the last year Elevate has conne¢ted with over 100 people with MEICFS and their carer8 from a¢ross Norfolk through a combination of meetings * Wellspring Family Centre, outdoor meetings, Zoom meetings. Facebook group ¢ontaci. a newsletter, and a fw visits. Tha meetings al WFC have had smaller aitendance since the pandemic bul we have had B new people allending over the last 12 months. The Elevate FaTrbook group has grown to 282 members and has been the mosl frequent poinl of contact with people asking questions, befiiending, and providing mutual support. Facebook reports are aChIng between 60 - 130
peIe in the group. We have visiled 3 individuals who are housebound, 8nd corresponded with more and Zoom meetings have a150 been helpful for thern as well. The website prowdes sKJnposling and has had 1158 users from vthhin Ihe UK over the ksl year. This all IntinueS lo maintsin a growing supportive relational nthork, providing pathways out of isolation, improving quality of lrfe. In some cases, Elevate has assisted wilh some dagree of recovery of health through good rnanagemenl ol the illness and signposling lo other sources of help. Lfttle Lambs The Little Lamb5 group develops key skills in babies and toddlers as well as emottonal support for their parents and carers. Little Lambs wovides an opporlunity lo support familie5 develop through slimulating play and social interaction. Each weekty session Includes free heallhy snacks and aclivilies where children can develop their sensory skills, balance. creativity and SOCkg1 skllls. Our average attendan¢e over Ihe last monlh was 24 children and 19 adulis. We have 32 adults and 37 children regularty ac$s1ng the senrice. Accommodatè Thus far we have $gt up a trust made up number of investors. purchased 8 property. crurted, and trained a gfOW) of befrlendets. The next step will be lo sewr8 and support the first pair ol lenanls. Food Cabin Launched in Novèmber 2022, Food Cabin prowdes affordable fd rtems 8nd toilètr$ on a membership basis. Food Cabin 6 part ol the Nourishing Norfolk Netsvork in partnership with Norfolk Communty FOUndatn, and works to ensure cornmunilies have access to affordablè, healthy food. As a way of supporting Ihose 'Jusl About Managing., and as th$ cost-of-living crisis continue5, our food hub operates to prowde di8counled foc¥J and loiFelries. as wè51 as signpost our members lo other serViS lo help their finanrA81. emotional and mental wellbeing. We have baen encouraged to see Food Cabin inlegrale with our other proje¢ls', opening on the same day as Litue Lambs so th81 parents and carers are able lo get groceries as well as attend the group, and at th8 sarne tirne as Well-come so that rnembers are both able to volunteer and build sense of worth, and obtain discounted foods lo reduce stress caused by financk?I hardship. As of 30th June 2023, we have 141 households Slgned up as rnembers, whth rèpresents 367 people the project is supporting. Perf0mnc0 rnvivw and partneh1p worf(Ing We have continued lo implement thè increased monitoring procedures and reclarrfied aims and obj-ectives of each of our projeets. The procedu also proved particularfy useful in researching potential new projects within the year. Using SMART objectives and measuring tools, we are able to track more clearly the progres5 of reaching achievements and objective5 in each proieL#. In developing our cornmunty program5, we arè pleased lo continue our working partnership with Breckland Distr Council and Norfolk County Counal Children's sers Department. We work ck)sety with churches in the Dereham area in prornoling laith-based inilialwes and social OLtlreach and Wellspring Family Centre is now rècognised wilhin the local community as a strong participant in providing facilities and care for Ihe town and its citizens. We could not have achieved what we have without the added support from sponsors and donors alke and our thanks are expressed lo the lollowing organisation5: . Breckl8nd Council Inspiring Communities 2022 Feeding Britain The Fyrish Foundation Norfolk Community Foundation- Nouri$hing Nwfolk Neyork Norfolk Community Foundation- Connecbng Older People Fund Woodioffe Benlon Foundation The Albert Hunt Trust Norfolk Community Foundation- Love Norfolk Fund 2022
Norfok Communty FOundati- Househdd Supw1 Fund Nlwfolk S131 Infrastnjdure Furnl Chilthyick Trust Paul B8ssham Charitat4e Twsl Anton Jurgens charitab Trust Nfxlolk Community Foundati¢)n- Lowel Blake FUTh Charities Trust The E¢)Ward Gosuing Foundation Dereham Town Counal The Foyle Foundal•)n Breckland Counc41 Coronaticffi Event The Angela Gallagher fd Souter Charilable Trust The PennyrJess Tfust The Laura Elizabeth Stuart Twst The Mr and Mrs Phily Rackham Chwita14e Trust The Big Give Trust Simon Gibson Charitable Tntst Ststsment of Directorn. R•spoMlblllOos." The Charities Act and the crympan Act reqLrire the Board of Trustees to FwaTe finarAal staternents for finanol year give a Irue and far view of the state of affairs of the charity as at the end of the finan¢ial year and of the surplts or deftst of the charty. In preparing those finarKial slalements the Board is required lo".- select sultae a¢<Mrfing O•xs and then appty them cortsisl•.' make judgements aNI estimates that arè reasonab and prudent., preparè thè financkql stslements on the goivJ concein basis unless rt 15 inappropriate to presume that Ihe charty wll continue li buwness.. slate whether applicable aLtountiThJ and statements of recommended practice have been fdkmed. Sub(# lo any material departu5 disdo$8d and expL4ined in the fuwcial $eMertS. bl dl The Directors are also respjnsible for mointainiTrJ adequate 3(Un"n9 reo)rds di5dose with ssonab aowracy at any time Ihe financial position of the charity and which are sufficienl to SIKJW extAain the tharitys transactions and enable them to ensure that the finanoal statements cornpty with the Cornpanies Act 2tTh Ixjmpty wrth regulation5 made under Ihe CharlS Act. T are also reSnSie for safeguarding the assets of the arity and hence for tsking reasona)le sleps for PTeventi¢)n and dete(on of fraud arbj olher irregulanbès. The Directfxs are also responsible for the ojntents of the thrector5' repLIrt. and the responsibilrty of the indep8ThJent examiner li lat)n to the Directors. repc¥t is limited lo examining Ihe repori and ensuring thai on the fxe of the reF¥Nt there are no cOrlstencieS th the figures disdosed in the ststem8nts. These accoLmts hwe wepared in x¥)ee the p$b)rtS applicab lo mpanies subjed to the smal ¢ompanies' regime. l approve the 8tthed statent of activits and balance sheel for tr year ended 30th June 2023 and (x)nfin that I have aVailae al informat* necessary for its preparatim. Apwoved by the Direciors on the ..... Signed on their hall by Director... Prinled Name.. Mr jonath Bear
WELLSPRING FAMILY CENTrE (Corn¥ Llmlted by Guarantee) INDEPENDENT EXAMXNER'S REPORT ON THE AccoufiTS I report to the charlty trustees on my exam1Th3tknn of the attounts of ihe Company lor the year ended 30 June 2023. RESPONSIBILITIES AND BASIS OF REPOAT A5 the charity's twstees of Company (who are also the dIrectS of the company for the purwJ5es of company lawl, you are respofislble for the preparation of Kcounts in ac(ordarKe with the requIrnts of the Companies Att 2006 rthe 2CQ6 Acri. Having saknsfied myself that the attounts of the Compony are not requtred to be audited frx thls year under Part 16 of the 2006 Act and are eligible for Independent examlnation. I retw)rt in respect of my examinat)n of your charity's accounts as camed out under section 145 of the Charities Act 2011 lllhe 2011 Acn. En carrying out my examlnation. I have folknwed the Dlrections gfven by the Charity COMMIS0 (under settlon 1451Sllbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examlnaknon. I ¢fim1 ihat no mater1 maiter5 have cm to my attention whlch glves me cause to believe that: accwntlng records nrt kept In acCOrdar sl)n 386 of the Companbes Act 20C6,' or the accourts do not accord with gJch rw(ds; or the accounts do not compty wlth e¥ot accounting requiremenis vnder section 396 of the Companies Art 2006 other rhan any requirernent that the accounts give a,trt and fairf view which is not a matter considered as part of an indepetsdent examination.. or the accounts have not been prepared In C[lar with the Charlt5 SORP IFRS102). I have no concems and have corne across no other maiters In connectw with the examination to whith attention should be drawn in thi5 [KIrt Fn order to enable a proFer understandtng of the accounts to be reached. Sgned .' ate: 10.10.23 K Gornes MAAT FCIE Independent Exarninets Ltd Unit 2 The Broadfields Business Centre Delling Lane eosham P018 8NF io
WELLSPRING FAMILY CENTRE (Company ts"mltwl by Guarantee) STATEMENT OF FINANCIAL ACTivfrIES FOR THÉ YEAR ENDED 30TH JUNE 2023 TOT14L 2022123 2021122 Funds Funds INCOME Donatlon5 & Le9acles 76.115 76,115 86.285 Investment irfom• 3b 569 569 17 Actlvltles for Generatlng Funds 3¢ 28,685 44,775 73,460 18,050 Chjrttable Artlvltl•s 3d IS.659 15.659 2,683 TOTAL INCOME 165.802 107 034 EXPENDITURE Cost of chatsb4e Actlvltiés 19.225 106,89S 126.120 103,479 Governance Costs 4b 120 1.213 1.333 1,213 TOTAL UPENDITURE 108,108 127 453 104 692 NET INCOMEI(EXPENDTURE) 25,567 12,782 38,349 2,342 Total FLtnds Brought Forward 38.820 58.706 97,526 95,184 TOTAL PUMDS CARRIED FORWARDS 135 875 Movements on 311 reserve5 and all rettonlsed gains and losses are 51b)wn atJve. Te notes on pages 13 to 20 fomi part of these financkil statements. li
WELLSPRING FAMILY CENTRE (Comp•ny Limited by Gujrantee) BALANCE SHE AS AT JUNE 2023 unSted Restricted FurK15 Funds Totsl Total y}Un-23 30-Jun-22 Tanglble Assets 32,822 32,822 Cutrent Assets Debtors & Prepayments Cash al Bank and In Hand Total Currnnt Assets 65,707 65,707 38,666 38,666 104.373 104,373 98.726 98.726 C¥editors: amounts fvllirrfj due thin o year 1.320 1,320 1.200 NEf CURRE14T ASSETS 64,387 38.666 103,053 97.526 64A87 71,488 135,875 97,526 Credltots: amounts falllrvJ due In more than te year io NEf ASSETS 64387 71.488 135,875 Funds of the Charlty: Generdl Funds Deslgnated Restrfttoj Funds 5b 38,343 26.044 38,343 26,044 71,488 30,269 8,551 56,706 71.488 TOTAL FUNDS 64.387 71.488 135.875 97.526 For the financial year ending 30 June 2023 the charity was entitd to exernpbon from audit under section 477 of the Companles Act 2006 relating to small comparNe5. Dlrectors. Responslbllllle$: • The mernbers have not requ[ chanty to obtain an aY1t of its accounts for the year In questlon In acmrdance with sertK)n 476,. and . The directors acknowledge their resp)n5iblits for comptying with the wuirements of the Att with respert to counting record5 and the preparation of accwnts. These flnancial statements have been ppad in (ordan wilh the srecial pr¢wi510ns relatlng to companie5 subject to the small companies regime within Part 15 ( ihe Companies Act 21J)6. Approved by the Direetors on the ..... signed on thelr behalf by Director..... Pdnted Name.. Mr Jonathan Beardon 12
WELLSPRING FAMILY CENTRE (Company Limlted by GuaTrnt••> NOTES TO THE FDIANCIAL STATeMENTS FOR THE YEAR VIDEO 30TH JL114E 2023 I. ACCOUNTING POLICIES 8o91s of Pr•p•rntlon • Asseument of Golng cOnM Basis of Preparatlon The flnanclal statsments have been prepared under the hlstorKal cost eonventlon wlth Items rKognlsed at cost or transaction Value unless Olhenyise stated In the relevant notes. The financial statements have been ppared in acCOrdae with the Ststement of Recofflrnended prti." kcounting and Rewrting by Charities preparing their accounts in acCoanCe with the Financial RetKJrtyng stsThJard applable in the UK and Republic of Ireland IFRS102) (effective l January 2015) - (Charlties SORP - FRS1021 and the Charities Art 2011. The Charfty meets the definition of a public Lnefft entlty under FRS102. Assets and liabS111ies are inStlallv recfrJn15ed at hbstorical cost unless Ottn¥1se sta1 In the rekvant accounting lIc notes. Assement of Golng Con¢em Preparaiion of the accounts is on a going concern basi5. The trustees conslder that there are no materlal uncertaintles about the Charity's ablllty to contlnue as a golng concern. Cash Flow Statement The company has taken adVanJe cl the exemWon FlnarKial Reportlng Standard No I frcrfn the requlrement to prOde a cash fiow statement. There has been no thange to the COUn.ng VKJllcies (Valuation njles of accounting) slnce last year. legal Status of the Charlty The charity is a tompany limited by 9uarantee and has Tr) share capital. In the event of the charity belrwj wound up, the liability in respttt c the guarantee is limrted to £1 per member of the charity. Incomlng Reourc•* These are included in the Statement of Flnanual Actlvltbes {SOFAI ¥¥hen: . the charlty becomes entived to the resour. . the trustees are virtually certsin they will receive the resources: aThJ . the monetary value can be measured wrth suffident relia.11 Incomlnq R¢sour¢es with R•l•ted Expend•eu• Where incoming resources have related eXpend[tU las with fundraising or contrdtt income) the incoming source and related expenditu are rewted gross in the WA. Gr•nt5 •nd Dort?tlon$ Grents and Donations are 0Y includ&J in the SOFA Ythen the )ty has unconditsonal entitlement to the resources. Contrartu•l Income and Perf0rn7ance Related Grants This is only induded Sn the SOFA once the rebted wds or Serv has been delivered. Glrts In Klnd Glfts in klnd a accounted for at a aSonable estlmate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are indwjed the attounts as girts only when sold or distributed by the charity. Gifts in k4fvJ use by the charity awe induded in the SOFA as incomlng resourtes when receivable. 13
WELLSPRING FAMILY CEiifRE (Company Limited by Guarantet) NOTES TO THE nNANCIAL sfATEMENTS (Contlnu•d) FOR THE YEAR ENDED 30TH JUNE 2023 I. ACCOUNTING POUCIES (Contlnued) Incomlng Resources (contlnued) Donated ServiS and Faalities These are only Sncluded in Sncoming resources (with an eqvivaknt amount In $OUrceS expended) where the benefit to the chanty is reaSonaY quantifiable. measurable and material. The value placed on these resources Is the estimated value to the charity of the Servi ry facility r1Ve0. Volunteer Help The value of any voluntary help recelved Is not Induded In the a¢c(Jnts but Is descrfbed In the trustee5' annual report. Investment Income This is Included In the accounts when reoi¥abLe. Expondltur• and Uabllltles Liablllty Recognltlon Liabilities are recognlsed as soon as there Is a or construcbve obligation crAnrnitbng the charity to pay out resources. Include costs of the prepardtion and eyamlnaoon of statutory accounts. the costs of the tru5tees' meetyrngs and Cost ¢f any legal advi to tnJstees on governance or conSti¢10nal mattels. Grants wlth Perf0MMn Condltlons Where the charity gives a grant with conditions for its Yment being a speclfic level of servlce or output to be provlded, such 9rtnts are only reccrfjnised in the SOFA once the recipient of the grant has provided the specSfied servlce or outpvt. These are only recognised in the accounts when a commitment has teen made and there are no conditlons to be met rel•ting to a gr•nt which wnain in control of the charity. Pensions The charity operates a defin1 ttffitribution penSn scheme. Contributions are dryed to the Ststement of Financl?l ActivSties as they become payable in aL-COrdan with the rules of the sCheff. Operatlng Leases Rental charges payable under oper*ing leases are charged on a strawJht line basis over the tem5 of the lease. TatIon The charity Is exempt from tax on its tharitable acbvrtles. Xnvestments Investmenrs quoted on a recognised Stock exchange are Val at market value at the year end. Other investment assets are include(l at trustee5' best estimate of market value. ranglble Flxed Assets Tangible fixed assets for use by the charity are catrI15ed If they can be used for more than one year ènd cost at least £2,500. They a valued at cost or, if gifted, at the value to the thar5ty on receipt. Depreciation is calculated at a rate to write off the cost of tangib fixed assets on a reducing balan over their estimated useful lives. The rates applied per annum are as follows: Fixtures & Firtings 20% 14
WELLSPIUNG FAMILY CENTRE (Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Contlnued) FOR THE YEAR ENDED 30TH JUNE 2023 2. TANGIBLE FIXED ASSETS Flxtures & ttlngs TOTAL 2022123 Cost Addltlons 01-Feb-22 41,028 41,028 Cost at 30-Jun-23 41,028 41,028 DepreciatLon Charge 01-Feb-22 8,206 8,206 DeprecIatic at 30-Jvn-23 8,206 8,206 Net Book Valu 30-Jun-23 32.822 32,822 Net Book Value 30-Jun-22 The annual commitrnents under non-cancelling operating leases and capitsl commitments are as follow5.. 30th June 2022 - None, 30th June 2021 . None 3. INCOME Unrestrieted Restricted Fund5 Funds TOTAL TOTAL 2022123 2021122 a) Donatlons & Legacles Gllts & Grants 76,115 76,115 86,285 76,115 b) Inveslment Income Bank Interest 569 569 17 569 569 17 c) Actlvltleg for Generatlng Funds Premlses Hlre Snack Bar F( Cabln 21,780 1,596 5,309 21,780 1,596 50,084 16,166 1,884 44,775 18.050 d) Charltable Actlvltles Artivities & Events Contributions from Other Charities other Income 4,618 11,018 23 4,618 11,OIB 23 1.136 1,547 15,659 683 TOTAL INCOME 120,890 165 802 107,035 15
WELLSPRING FAMILY CENTRE (Company Llmited by Guarantee) 140TES TO THE FINANCIAL ATEmENTs (contlnwl) FOR THE YEAR EPIDED 30TH JUNE 2023 EXPENDITURE Unvestrlcted Restrlcted TOTAL TOTAL Fund5 Funds 2022123 2021122 a) Cost of Charft•ble Artlvltles Activities & Events Advertsssng & Publicity Fotrj Cabln stock aeanlng Costs Depreclath)n Fundraising Cost5 Furniture & Equlpment Costs Insurance Costs Payroll Servi$ Premises Hire Pdntin9. Postage & Siaiionery Professlonal Servsee5 Repairs & Maintenance Staff Costs Tra¢ning Costs Travel & SubsistewKe Utility Costs 5503 3.394 452 5,381 696 8.206 8,897 452 5.381 696 8,206 10.692 430 1,483 416 779 1.554 28,509 4,987 47.715 210 238 5,475 7,584 432 832 I[92 9,504 1.279 1.091 876 3.063 2,565 25,294 4,249 40.468 430 1.483 416 733 1.554 28,125 2.387 47.715 210 238 5.475 46 2600 352 4,948 19.22S 106.895 126 120 103.479 b) Govern•nce Costs Independent Examlnevs Fee Filing Fees 120 L.21XI 13 1.320 13 1.200 13 120 1.213 1.333 TOTAL EXPENDrnIRE 19.345 108,108 127.453 104.692 Total 01-JuJ-22 Total 30-Jun-23 So. DESIGNATED FUNDS Inu)me EXpendItu Transfers Interest & Inudenta Destiny Quest Well-come Illuminate Elevate NewDay Youth Weeken¢J Away Uttle Lambs Food Cabin 591 123 3,072 9,627 47 757 1,463 97 10,266 123 1,853 4,774 47 1.416 323 LO 1,968 10,353 768 5.500 2,398 3.058 1,2(KJ 87 10,649 383 8,552 28,401 10,909 26,044 Sb. UNRE5TRIED 01-Jul-22 Income Expefiditure Transfers 30-Jun-23 Room Hire 31,451 47,271 39,060 39.663 16
WELLSPRING FAMILY CENTrE (Company Llmlted by Guararbtee) NOTES TO THE FINANCIAL STATEMENTS (conllnued) FOR THE YEAR ENDED 30TH JUNE 2023 6. RER1¢rE0 FUNDS CURRENT YEAR Total 01-Jul-22 Total I(re Expefidltu Trnnsfers 30-Jun-23 Elevate Furbd Destiny Quest Famlly Centre Fund5 Illuminate Fund Well-corne Fund Little Lambs Accommodate Food Cabin 287 287 42,121 4,407 10.890 34.849 60,083 4,407 40,182 16,887 40.766 500 11,474 500 917 8,601 83 36,174 44.775 TOTAL 58.706 120,890 140,929 38,666 TOTAL FUNDS MOVEI4ENT 2023 196 562 190,898 104,373 REsnucTED PRIOR YEAR Total 01-Jul-21 Total 30-Jun-22 IrKome ExyEndlture Transfers Elevate Fund Destiny Quest Fur Family Centre Funds Illuminate Fund Well-come Fund utve Lambs Accomm¢)Jate 287 500 56,372 227 11.853 287 38,786 8,253 37.500 1,296 1.000 51.491 4.073 38,464 1,296 42.121 4,407 10,889 1.000 TOTAL 69,239 86035 95,824 58,705 eievatr Fund A suppcrt group for Feoe With ME arKI ChronK Fatioue Syndrorne ICFSI, and thelr fan711y carers, who live in mid-Norfolk. Illumlnate - A weekly SO tem)-tlme youth group 11-19 year-old51 pmvldlng a safe and fun to meet up. Well-¢offl• Fund - A thr1-bEekfY 5UWM)rt grnup to those recovering from menial health problems alrned at rehatjllitatlng and encoLJraging members back into their tsal LX)mmunits. Mèmbers are referred to Well-come from the kncal NHS menral health team. Acc(mmodat* - AtcommcMJating antl Suprn9 farJng or in darvjer hThi)eLessness in the Derehw area on their road to restoratton Destiny Quest Fund - Our thIren'$ ¥mrk 'DesiJny ()JesV Is a busy outreach am(#igst younger chIk1n. We run weekly during term-tsme for anythlng up to 25 children. Little Lambs - Befriending and 5UPPOrtin9 parents, 9rnpants and carer5 babies and toddler5, and provile a safe, Secu environment ft)r children to learn and play.. The Restr funds are wholty reprewted ty the Chartys cash reserves.
WELLSPRING FAMELY CENTRE {Company Llmited by Guarante•) NOTES TO THE FINANCIAL STATEMENTS {tontlnued) FOR THE YEAR ENDED 30TH JUNE 2023 7. CASH AT BANK AND IN HAND Unrestrtcted Deslgnaied Restritted Fund Fund Fund Total Totsl 30-Jun-23 30-)un-22 Cash at Bank and in Hand 39,663 26,044 38.666 104,373 98,726 39,663 26,044 104 373 98,726 8. DEBTORS AND PREPAYMENTS unstrICted Restdeted Fund Fund Total Totsl 30-Jun-23 30-Jun-22 Sundry Debtor5 9. CREDThORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALUNG DUE WITHIN ONE YEAR Total Tot•1 30-Jun-23 30-Jun-22 Unrestrftted Restrlcted Fund Fund Independent Exarnlner'$ Fee 1,320 1,320 1,200 1,320 1,200 10. CREDITORS AND ACCRUALS: AMOUNTS FALUNG DiIE IM MORE THAN ONE YEAR The Charlty held no long tem) labilities during this or the previous financial period. 11. A14ALYSIS OF NET ASS5 BY FU14D UnrestrKted Restricted Fund Fund Total Totsl 30-Jun-23 30-Jun-22 Fixed Assets Net Current Assets 32,822 38,666 32,822 103,053 64,387 97,526 64,387 71,489 135,875 97,526
WELLSPIUNG FAMILY CEIffiIE (Company Umlted by Guw•ntee) NOTES TO ThE FINANCIAL STATEMENTS (ct)ntlnued) FOR THE YEAR ENDED 30TH JUNE 2023 12. RECONCIUATION OF MOVEMENT ON CAprrAL AMD RESERVES The Company is U"mited by Guarantee 1051545821 aThJ Fs a Charity registered wf(h the Charfty Commission 111056431 and doe5 rK>t have a Share capltsl has no IrKorne sublett to Corporation Tax. 2022123 2021122 Surplus l Defiot for the finandal year Net fixed asset additions Other Recognised Gains 5.527 32,822 2.342 38,349 2,342 Balan Brought Forward 97.526 95,184 Closlng Funds at 30th June 2023 135,875 97,526 13. STAFF cosrs AIID NUM8ERS TOTAL 2022123 TOTAL 2021122 Gross Wages and Salaries Employer's National Insurance Costs Penslon Contributions 44,384 37.956 3.332 2.512 The Chaty 0rateS a PAYE Scheme to pay all employed members of Stsff. Employees who were engaged In each of Ihe following KlivTrties: TOTAL 2022123 TOTAL 2021122 charitate ACtyvIe5 No employees recwved emoluments in the range of £S0,IM to £60,¢X)0 (2021122..None) 19
WELLSPRING FAMILY CENTRE {Comp•ny Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEME1$ {contlnued) FOR THE YEAR ENDED 30TH JUNE 2023 14. D]ftEORS AND OTHER RELATED PARTIES Wellsprtng Famlly Centre Is closely assoclated wlth Wellsprlng Famlly Churth,. two dlreclors of Wellspring Family Centre are also dlyectors of Wellspring FamSly Church. Indudlng one who Is the pastor of the Church. Durfng the year, there have been transartlons between the two chadties.. the Church has been contributing to a worker for Illumlnate, and the Centre has been paylng the Church for a development woiker. The Centre has also made a payment to the Church for n)om hire. Other than the above, rbo payments were made to Dlrectors or any persons connected with thern durlng thls financial period, other than reimbursement for Items bought on behalf of the charfty. No material transartlon took plate beten the charfty and a Director or any person connected with them. 15. RISK ASSESSMENT The DirertOT5 actively revlew the major rfsks whith the charlty faces on a regular ba5Is and belleve that maintaining the fe reserves stated, comblned with the annual review of the controls over key financial systems cathed out on an annual basls wlll provlde sufficlent resources In the event of adverse conditlons. The Directors have also examined other operational and business risks whlch they tsce and confirm that they have established SV5tems to mltlgate the slgnlflcant rlsks. 16. RESERVES POLICY The Dlrectors have consldered the level of reseNes they wlsh to retaln, approprfate to U)e charity's needs. Thls Is based orn the charity's size and the level of financlal commltments held. The Dlrecwrs aim to ensure the charlty wlll be able to continue to fulfil its charitable objectives even if there is a ternporary shortfall in income or unexperted expendlture. The dlrecrors wlll endeavour not to set a51de funds unnecessarily. 17. PUBLIC BENEFIT The Chaty acknowledges Its reoulrement to demonstrate clearfy that it must have charitable purposes or'aims. that are for the publlc benefit. Details of how the charlty has achleved this are provlded In the Report of the Dlrertors. The dIrectO conflrni that they have paid due regard to the Charity Cornrnis5ion guidance on publi benefit befo dlding what activities the charity should undertake. 2Q