# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024** 

## **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** 

**(Company Limited by Guarantee)** 

||**CONTENTS**|
|---|---|
|Page 3|Legal and Administrative Information|
|Pages 4 to 9|Directors' Annual Report|
|Page 10|Independent Examiners Report to the Directors/Trustees|
|Page 11|Statement of Financial Activities|
|Page 12|Balance Sheet|
|Pages 13 to 20|Notes to the Financial Statements|



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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 2023 **END OF FINANCIAL YEAR** 30th June 2024 **DIRECTORS AT 30TH JUNE 2024** Peter Collinson (Chair) (Appointed 09/06/2024) Jonathan Richard Beardon (Resigned 09/06/2024) Howard Bailey (Appointed 28/01/2024) Harry John Grigg Sheila Barber Daniel Andrew Johnson Melanie Mcevansoneya 

Toby Rouse Company Secretary and Treasurer 

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** 35 Neatherd Road Dereham Norfolk NR19 2AE **PRIMARY BANKERS** 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** 

(A Company Limited by Guarantee.) 

## **Report of the trustees/directors for the year ended 30 June 2024** 

## **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 leadership 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 Commission’s 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. Over the course of the year, four of our team members undertook a level 3 Award in Emergency First Aid At Work, two of our Food Cabin team members completed Food Hygiene courses, and our Finance and Operations Manager completed the Sage 50c Accounts Professional level 3 course. 

## **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. 

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- 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 20 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 caused by the cost-of-living crisis, 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 specific needs of the local community. The thrust of our programmes continues to be centred on social action to support those with Chronic Health Problems, financial hardship, and supporting the wide range of community groups who use our facilities. 

## _Developing our Facilities_ 

We have established a Green Space at our premises where individuals can learn to grow their own fruit and vegetables as well as enjoy an outdoor area for sitting and socialising. Additionally, we have constructed a storage area inside our Centre for our Food Cabin, enabling us to manage increasing stock levels to serve a growing number of users. 

## _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. 

## _Well-come_ 

A two times weekly support group, with additional personalised support for 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 mid-Norfolk. 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. 

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## _Illuminate_ 

A weekly in term-time youth group for 10-19 year-olds, providing a safe and fun place to meet up. 

## _Little Lambs_ 

Little Lambs 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. 

## _Accommodate_ 

Accommodate is a supported housing project for vulnerable people, delivered in partnership with the Hope In Action charity. 

## _Food Cabin_ 

Food Cabin provides affordable food items and toiletries on a membership basis, and signposts to other areas of support. 

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, Suffolk Children’s Services, 

Guides Dereham Rangers Rainbows Little Footsteps Nursery Weight Watchers Marvellous Mums U3A Country Dancing U3A Line Dancing MTM Youth Services The Cup O-T Nidas North Breckland Youth For Christ U3A Ukulele Club Viking Training Solutions and various individual users. 

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 is dedicated to supporting individuals with long-term health issues. Currently, we have 55 members who regularly attend, with an average of 16 participants per session. Our team consists of one staff member and eight volunteers, ensuring personalised support for each member as needed. We offer a diverse range of activities, including crafts, life-skills training, outings, and sharing lunch together. Additionally, our team provide befriending, connecting volunteers with members for further support if wanted. Volunteers also visit members at home or in the hospital to offer encouragement and support when appropriate. 

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We have adapted our services to provide 2 weekly group sessions and additional tailored support including 1-1 befriending. We are aware that there are very few services like this in the local area and that the level of need is high. As group sessions, we run regular activities and events to help people get socialising again whilst helping to reduce isolation, anxieties and fears. Sessions are held on Wednesdays and Fridays, each lasting two hours, with many members arriving early to use our food hub and staying late to seek specific support from our team. These group sessions are instrumental in promoting social integration, healthy relationships, and self-confidence while providing opportunities to develop new life skills and creativity. 

Our volunteers play a crucial role in leading and assisting with group sessions, which include facilitating discussions, activities, and member support. We recently welcomed a new volunteer, a qualified counsellor, whose expertise has introduced new crafting activities and strengthened relationship building, particularly benefiting our female members. 

We are proactively strengthening our partnerships with local healthcare professionals. Specifically, we've established collaborations with our local NHS health improvement practitioner and three social prescribers. They regularly participate in our gatherings, introduce their peers, and frequently refer clients to us. Our Development Worker is implementing a more personalised programme, with each member having 1-1 befriending and opportunities to upskill. We are encouraged to have seen at least 4 members move on to employed work specifically enabled by the support our team have given. We have already seen particular success with those volunteering at some of our other projects, particularly improvements in their confidence, sense of worth, socialising and positive outlook. 

## _Illuminate_ 

The Illuminate Youth group welcomes 18-20 young people each week, with 25=8 on the books. We have helped the young people through personal challenges such as stress, bullying, mental health, peer pressure on an informal mentoring level. During the year, we were able to take 9 young people to residential event and 8 to a summer camping residential. The group continues to grow and we welcome more young people as the group develops. _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 in financial crisis by providing food parcels. Dereham Foodbank fed 408 people in its first year - in 2023 that figure reached 3,350, with 1,433 of those being children. The network as a whole fed 5,660 people in 2023. Almost 30 tonnes of food and toiletries was given out through Dereham Foodbank, all donated by local churches, schools, businesses, community groups and the general public via our collection cages in local supermarkets around the town and villages. 

## _CAP Money_ 

Between July 23 and June 24, Dereham Debt Centre saw 14 new clients/households and supported a total of 28 clients. Of these clients, 2 became debt-free through CAP; 6 received advice from CAP and chose to manage their finances independently; 10 are still actively working with CAP, either progressing with their plan or working towards the advice stage. The remaining 10 did not reach the advice stage for various reasons. 

The CAP Money Course underwent a complete content and material refresh and was re-launched in July 2023. Since the relaunch, 3 group courses have been conducted, with the largest group having 10 attendees. Additionally, 2 new coaches joined the team in the past year. 

## _Elevate_ 

Elevate continues to work with CFS/ME sufferers and continues to grow; particularly due to now supporting sufferers of long covid. Creative communication avenues remain central to how the project operates as health issues often restrict service users from meeting in conventional group face to face settings. Over the last year Elevate has connected with over 100 people with ME/CFS and their carers through a combination of monthly meet-ups, Zoom meetings, access to the online group chat, or house visits. 

This all continues to maintain a growing supportive relational network, providing pathways out of isolation, improving quality of life and in some cases assisting with some degree of recovery. The website provides signposting to thousands of visitors. 

## _Little Lambs_ 

The Little Lambs group develops key skills in babies and toddlers as well as emotional support for their parents and carers. Little Lambs provides an opportunity to support families develop through stimulating 

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play and social interaction. Each weekly session includes free healthy snacks and activities where children can develop their sensory skills, balance, creativity and social skills. In April, we launched Little Lambs Library with the dual purpose of encouraging stronger bonds between parents and toddlers while also nurturing children's language and visual skills. The same month also saw the launch of our Green Space ‘grow your own veg’ teaching sessions where the children and adults learnt to grow peas and sweetcorn; encouraging healthy diets, closeness to nature and activities which helps improve mental health and sense of purpose. We see and average of 20-25 parents and 20-25 children attend each session. 

## _Accommodate_ 

We were able to furnish the property purchased last year, and were able to house our first tenant. Devastatingly, a month after this took place, we had the terrible news that the house burned down. We are very thankful that no one was hurt, and the tenant has been rehoused and receives ongoing support. In the coming months, the house will undergo restoration work, and once this is complete, we will identify suitable tenants to support. 

## _Food Cabin_ 

Food Cabin provides affordable food items and toiletries on a membership basis. It is part of the Nourishing Norfolk Network in partnership with Norfolk Community Foundation, and works to ensure communities have access to affordable, healthy food. As a way of supporting those “Just About Managing”, and as the cost-of-living crisis continues, our food hub operates to provide discounted food and toiletries, as well as signpost our members to other services to help their financial, emotional and mental wellbeing. We have developed a pool of suppliers who help to stock the hub; including Nourishing Norfolk Distribution hub, Freshways Dairy, Havensfield eggs, Taste of Suffolk, Bookers Norwich, and CC Wells. 

By partnering with local business, we are able to help our community by providing highly discounted groceries and giving away free items. Each discounted item enables households’ budgets to go further, allowing those we support more finances for energy and utilities. The wrap-around service starts with discounted food, but through relational development, continues to personalise support including signposting to other services. In May 2024, we were awarded ‘The Food Hub Building Pathways for Help’ at the Nourishing Norfolk Network Awards evening. This was in response to the 

wrap-around service we offer to our members, and is a product of the hard work of all of our team, including the work of our volunteers. 

The food hub is open three days per week, and after a period of testing which days were most effective for the community and our team, we identified Tuesdays (term time), Wednesdays and Thursdays as the optimum times to open. We currently have over 200 households signed up to the service; representing more than 500 individuals. Many of these individuals are overwhelmed with the support given through the project. 

## **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: - 

Mrs Smith & Mount Trust Norfolk Community Foundation – Love Norfolk Fund 2023 Norwich Freemen’s Charity Norfolk Community Foundation – Literacy Pilot Norfolk Community Foundation – Household Support Fund CDS Action Charitable Trust Norfolk Community Foundation – Four Seasons The Martin Laing Foundation Norfolk Community Foundation – Nourishing Norfolk Fund 

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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 2024. 

## **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. 

Signed : 

Date: 16.10.24 

K Gomes FCIE MAAT 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) 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024** 

|**Notes**<br>**INCOME**<br>Donations & Legacies<br>**3a**<br>Investment Income<br>**3b**<br>Activities for Generating Funds<br>**3c**<br>Charitable Activities<br>**3d**<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>Cost of Charitable Activities<br>**4a**<br>Governance Costs<br>**4b**<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDTURE)**<br>Total Funds Brought Forward<br>**TOTAL FUNDS CARRIED FORWARDS**|**Unrestricted**<br>**Restricted**<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2023/24**<br>**2022/23**<br>£<br>£<br>£<br>£<br>-<br>101,832<br>101,832<br>76,115<br>494<br>-<br>494<br>569<br>39,736<br>-<br>39,736<br>73,459<br>29,207<br>32<br>29,239<br>15,659|
|---|---|
||**69,437**<br>**101,864**<br>**171,301**<br>**165,802**|
||39,749<br>118,098<br>157,847<br>126,120<br>34<br>1,380<br>1,414<br>1,333|
||**39,783**<br>**119,478**<br>**159,261**<br>**127,453**|
||**29,654**<br>**(17,614)**<br>**12,040**<br>**38,349**<br>64,388<br>71,487<br>135,875<br>97,526|
||**94,042**<br>**53,873**<br>**147,915**<br>**135,875**|



Movements on all reserves and all recognised gains and losses are shown above. 

The notes on pages 13 to 20 form part of these financial statements. 

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## **WELLSPRING FAMILY CENTRE** 

**(Company Limited by Guarantee)** 

## **BALANCE SHEET AS AT 31ST JUNE 2024** 

|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**30-Jun-24**|**30-Jun-23**|
|**Fixed Assets**|**Notes**|**£**|**f**|_E._|**£**|
|**Tangible Assets**|**2**||24,616|24,616|32,822|
|**CurTent As ets**||||||
|**Debtors & Prepayments**|**8**|||||
|**Cash at Bank and in Hand**|**7**|95,422|29,257|124,679|104,373|
|**Total Current Assets**||**95,422**|**29,257**|**124,679**|**104,373**|
|**Creditors: amounts falling due within one**|**9**|1,380||1,380|1,320|
|**year**||||||
|**NET CURRENT ASSETS**||94,042|29,257|123,299|103,053|
|**TOTAL A.SSETS less rurrent llabili es**||**94,042**|**53,873**|**147,915**|**135,875**|
|**Creditors: amounts falhng due In more than**|**10**|||||
|**one year**||||||
|**NET ASSETS**||**94,042**|**53,873**|**147,915**|**135,875**|
|**Funds of the Charity:**||||||
|**General Funds**|**Sb**|43,837||43,837|38,344|
|**Designated**|**Sa**|50,205||50,205|26,044|
|**Restricted Funds**|**6**||53,873|53,873|71,487|
|**TOTAL FUNDS**||**94,042**|**531873**|**147,915**|**135,875**|



**For the financial year ending** 30 **June** 2024 **the charity was entitled to exemption from audit under section** 477 **of the Companies Act** 2006 **relating to small companies.** 

## **Directors' Responslblflties:** 

- **The members have not required the charity to obtain an audit of its accounts for the year in question In accordance with section** 4 76; **and** 

- **The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.** 

**These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part** 15 **of the Companies Act** 2006 . 

**Approved by the Directors on the ...** . 

**S,gned on their behalf by Director ..... Printed Name· Mr Peter Collinson** 

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## **WELLSPRING FAMILY CENTRE** 

**(Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024** 

## **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. 

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## **WELLSPRING FAMILY CENTRE** 

## **(Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30TH JUNE 2024** 

## **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. Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful lives. The rates applied per annum are as follows: 

Fixtures & Fittings     20% 

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## **WELLSPRING FAMILY CENTRE** 

## **(Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 30TH JUNE 2024** 

|**2. TANGIBLE FIXED ASSETS**<br>Cost<br>01-Jul-23<br>Additions<br>Cost at<br>30-Jun-24<br>Depreciation<br>01-Jul-23<br>Charge<br>Depreciation at<br>30-Jun-24<br>**Net Book Value**<br>**30-Jun-24**<br>Net Book Value<br>30-Jun-23|**TOTAL**<br>**2023/24**<br>41,028<br>41,028<br>-<br>-<br>Fixtures &<br>Fittings|
|---|---|
||41,028<br>41,028|
||8,206<br>8,206<br>8,206<br>8,206|
||16,412<br>16,412|
|||
||**24,616**<br>**24,616**|
||32,822<br>32,822|



The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30th June 2023 : None , 30th June 2022 : None 

## **3. INCOME** 

|**a) Donations & Legacies**<br>Gifts & Grants<br>**b) Investment Income**<br>Bank Interest<br>**c) Activities for Generating Funds**<br>Premises Hire<br>Snack Bar<br>Food Cabin<br>**d) Charitable Activities**<br>Activities & Events<br>Contributions from Other Charities<br>Other Income<br>**TOTAL INCOME**|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2023/24**<br>**2022/23**<br>£<br>£<br>£<br>£<br>-<br>101,832<br>101,832<br>76,115|
|---|---|
||**-**<br>**101,832**<br>**101,832**<br>**76,115**|
||494<br>-<br>494<br>569|
||**494**<br>**-**<br>**494**<br>**569**|
||18,317<br>-<br>18,317<br>21,779<br>973<br>-<br>973<br>1,596<br>20,446<br>-<br>20,446<br>50,084|
||**39,736**<br>**-**<br>**39,736**<br>**73,459**|
||3,422<br>-<br>3,422<br>4,618<br>-<br>-<br>-<br>11,018<br>25,785<br>32<br>25,817<br>23|
||**29,207**<br>**32**<br>**29,239**<br>**15,659**|
|||
||**69,437**<br>**101,864**<br>**171,301**<br>**165,802**|



15 



## **WELLSPRING FAMILY CENTRE** 

**(Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** 

## **4. EXPENDITURE** 

|**4. EXPENDITURE**||
|---|---|
|**Note**<br>**a) Cost of Charitable Activities**<br>Activities & Events<br>Advertising & Publicity<br>Bank Charges<br>Food Cabin stock<br>Cleaning Costs<br>Depreciation<br>Fundraising Costs<br>Furniture & Equipment Costs<br>Insurance Costs<br>Payroll Services<br>Premises Hire<br>Printing, Postage & Stationery<br>Professional Services<br>Repairs & Maintenance<br>Staff Costs<br>Training Costs<br>Travel & Subsistence<br>Utility Costs<br>Goods Donated<br>**b) Governance Costs**<br>Independent Examiner's Fee<br>Filing Fees<br>**TOTAL EXPENDITURE**<br>**5a. DESIGNATED FUNDS**<br>Interest & incidentals<br>Destiny Quest<br>Well-Come<br>Illuminate<br>Elevate<br>NewDay<br>Youth Weekend Away<br>Little Lambs<br>Food Cabin<br>**5b. UNRESTRICTED**<br>General Funds|**Unrestricted**<br>**Restricted**<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2023/24**<br>**2022/23**<br>£<br>£<br>£<br>£<br>1,305<br>2,317<br>3,622<br>8,897<br>69<br>267<br>336<br>452<br>392<br>-<br>392<br>-<br>1,669<br>13,828<br>15,497<br>5,381<br>-<br>721<br>721<br>696<br>-<br>8,206<br>8,206<br>8,206<br>15,779<br>-<br>15,779<br>10,692<br>-<br>-<br>-<br>430<br>1,003<br>350<br>1,353<br>1,483<br>-<br>614<br>614<br>416<br>-<br>3,000<br>3,000<br>779<br>200<br>1,712<br>1,912<br>1,554<br>4,622<br>23,815<br>28,437<br>28,509<br>1,352<br>6,907<br>8,259<br>4,987<br>13,323<br>42,268<br>55,590<br>47,715<br>-<br>569<br>569<br>210<br>36<br>122<br>158<br>238<br>-<br>2,851<br>2,851<br>5,475<br>-<br>10,550<br>10,550<br>-<br>**39,749**<br>**118,098**<br>**157,847**<br>**126,120**<br>-<br>1,380<br>1,380<br>1,320<br>34<br>-<br>34<br>13<br>**34**<br>**1,380**<br>**1,414**<br>**1,333**<br>**39,783**<br>**119,478**<br>**159,261**<br>**127,453**<br>**Total**<br>**Total**<br>**01-Jul-23**<br>Income<br>Expenditure<br>Transfers<br>**30-Jun-24**<br>£<br>£<br>£<br>£<br>£<br>591<br>-<br>-<br>-<br>591<br>123<br>-<br>-<br>-<br>123<br>3,072<br>4,987<br>5,094<br>-<br>2,965<br>9,627<br>21,656<br>11,466<br>-<br>19,817<br>47<br>-<br>-<br>-<br>47<br>757<br>3,421<br>3,188<br>-<br>990<br>1,463<br>-<br>1,463<br>-<br>-<br>97<br>88<br>-<br>-<br>184<br>10,266<br>20,503<br>5,282<br>-<br>25,487|
||**26,044**<br>**50,655**<br>**26,493**<br>**-**<br>**50,205**<br>**01-Jul-23**<br>Income<br>Expenditure<br>Transfers<br>**30-Jun-24**<br>£<br>£<br>£<br>£<br>£|
||**38,344**<br>**18,783**<br>**13,290**<br>**-**<br>**43,837**|



16 



## **WELLSPRING FAMILY CENTRE** 

## **(Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** 

## **6. RESTRICTED FUNDS** 

|**CURRENT YEAR**<br>Elevate Fund<br>Family Centre Funds<br>Illuminate Fund<br>Well-Come Fund<br>Little Lambs<br>Accommodate<br>Food Cabin<br>Restricted Asset Purchases fund<br>**TOTAL**<br>**TOTAL FUNDS MOVEMENT 2024**<br>**RESTRICTED PRIOR YEAR**<br>Elevate Fund<br>Family Centre Funds<br>Illuminate Fund<br>Well-Come Fund<br>Little Lambs<br>Accommodate<br>Food Cabin<br>Restricted Asset Purchases fund<br>**TOTAL**|**Total**<br>**Total**<br>**01-Jul-23**<br>Income<br>Expenditure<br>Transfers<br>**30-Jun-24**<br>£<br>£<br>£<br>£<br>£<br>287<br>-<br>287<br>-<br>-<br>16,887<br>41,425<br>47,351<br>-<br>10,961<br>-<br>32<br>32<br>-<br>-<br>11,473<br>10,000<br>20,517<br>-<br>956<br>500<br>10,429<br>6,982<br>-<br>3,947<br>917<br>-<br>216<br>-<br>701<br>8,601<br>39,978<br>35,887<br>-<br>12,692<br>32,822<br>-<br>8,206<br>-<br>24,616|
|---|---|
||**71,487**<br>**101,864**<br>**119,478**<br>**-**<br>**53,873**|
||**135,875**<br>**171,301**<br>**159,261**<br>**-**<br>**147,915**|
||**Total**<br>**Total**<br>**01-Jul-22**<br>Income<br>Expenditure<br>Transfers<br>**30-Jun-23**<br>£<br>£<br>£<br>£<br>£<br>287<br>-<br>-<br>-<br>287<br>42,121<br>34,849<br>60,083<br>-<br>16,887<br>4,407<br>-<br>4,407<br>-<br>-<br>10,889<br>40,766<br>40,182<br>-<br>11,473<br>-<br>500<br>-<br>500<br>1,000<br>-<br>83<br>-<br>917<br>-<br>44,775<br>36,174<br>-<br>8,601<br>-<br>41,028<br>8,206<br>-<br>32,822|
||**58,705**<br>**161,918**<br>**149,135**<br>**-**<br>**71,487**|



**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 thrice-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. 

**Accommodate** - Accommodating and supporting people facing or in danger of homelessness in the Dereham area on their road to restoration 

**Little Lambs** - Befriending and supporting parents, grandparents and carers of babies and toddlers, and provide a safe, secure environment for children to learn and play.' 

The Restricted funds are wholly represented by the Charity's cash reserves. 

17 



## **WELLSPRING FAMILY CENTRE** 

## **(Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** 

## **7. CASH AT BANK AND IN HAND** 

|Cash at Bank and in Hand<br>**8. DEBTORS AND PREPAYMENTS**<br>Sundry Debtors|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**30-Jun-24**<br>**30-Jun-23**<br>£<br>£<br>£<br>£<br>95,422<br>29,257<br>124,679<br>104,373|
|---|---|
||**95,422**<br>**29,257**<br>**124,679**<br>**104,373**|
||Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**30-Jun-24**<br>**30-Jun-23**<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-|
||**-**<br>**-**<br>**-**<br>**-**|



## **9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Independent Examiner's Fee|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**30-Jun-24**<br>**30-Jun-23**<br>£<br>£<br>£<br>£<br>1,380<br>-<br>1,380<br>1,320|
|---|---|
||**1,380**<br>**-**<br>**1,380**<br>**1,320**|



## **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<br>Net Current Assets|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**30-Jun-24**<br>**30-Jun-23**<br>£<br>£<br>£<br>£<br>-<br>24,616<br>24,616<br>32,822<br>94,042<br>29,257<br>123,299<br>83,013|
|---|---|
||**94,042**<br>**53,873**<br>**147,915**<br>**115,835**|



18 



## **WELLSPRING FAMILY CENTRE** 

## **(Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** 

## **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. 

|Surplus / Deficit for the financial year<br>Net fixed asset additions<br>Other Recognised Gains<br>Balance Brought Forward<br>Closing Funds at 30th June 2023|**2023/24**<br>**£**<br>(20,782)<br>32,822<br>-<br>**12,040**<br>135,875<br>**147,915**|**2022/23**<br>**£**<br>38,349<br>-<br>-|
|---|---|---|
|||**38,349**|
|||97,526|
|||**135,875**|



## **13. STAFF COSTS AND NUMBERS** 

|Gross Wages and Salaries<br>Employer's National Insurance Costs<br>Pension Contributions|**TOTAL**<br>**2023/24**<br>**£**<br>51,459<br>-<br>4,131<br>**55,590**|**TOTAL**<br>**2022/23**<br>**£**<br>44,384<br>-<br>3,332|
|---|---|---|
|||**47,715**|



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**<br>**2023/24**<br>4<br>**4**|**TOTAL**<br>**2022/23**<br>4|
|---|---|---|
|||**4**|



No employees received emoluments in the range of £50,000 to £60,000 (2022/23:None) 

19 



## **WELLSPRING FAMILY CENTRE (Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** 

## **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. 

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. 

20