REGISTERED COMPANY NUMBER: 05154582 (England and Wales) REGISTERED CHARITY NUMBER: 1105643
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
FOR
WELLSPRING FAMILY CENTRE
Accounts produced by Marsh Solutions Limited 82 Berechurch Hall Road Colchester, Essex. CO2 8RF
WELLSPRING FAMILY CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 June 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 to 9 |
| Notes to the Financial Statements | 10 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
WELLSPRING FAMILY CENTRE
REPORT OF THE TRUSTEES for the year ended 30 June 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are set out in the charity’s Memorandum and Articles of Association and are summarised as follows:
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.
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.
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To promote charitable purposes for the benefit of the public in the following ways:
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The preservation and protection of health
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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.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objects and in planning future activities and setting policy for the year.
Page 1
WELLSPRING FAMILY CENTRE
REPORT OF THE TRUSTEES
for the year ended 30 June 2025
ACHIEVEMENTS AND PERFORMANCE Charitable activities
This year we have continues to work hard to meet local needs in a range of ways amid the backdrop of increasing deprivation in our community. 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, and improved our facilities to ensure all who use the building and access our projects do so in comfort, safety and with dignity. This year we have sought to better integrate our services to foster a greater sense of belonging and community. We identify loneliness, as well as poverty as being a concerning trend in the people we meet and seek to alleviate this where possible. The thrust of our programmes continues to be centred on social action to support those with Chronic Health Problems, financial hardship, but increasingly the need for community and belonging is becoming a focus of our work.
Developing our Facilities
As well as maintaining our Green Space, internal rooms, social supermarket and carpark, we have developed our facilities in a number of ways: the growing efficacy of our toddler group, Little Lambs, led us to construct a new storage space for equipment; we have renovated what was a cold garage-style space used by the Foodbank, to be a warm, energy-efficient room, with adjoining door to the main hall; finally two industrial freezers have been added to our kitchen to support the work of the Food Cabin. These three items were paid for using grant funding and have been beneficial to the working of the Centre.
In addition to the above, plans also are underway to renovate our bar-area where teas and coffees are served throughout the week. This area is badly in need of update and we hope to see the work completed in the coming months. This will be funded from the centre's general reserves.
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. This year we have increased our co-operation with the Foodbank, and have constructed a door which adjoins the Foodbank room to the main hall and put on a coffee morning for the clients of the Foodbank on Mondays. This is supports by volunteers from the church and aims to give a warm space, friendship and a dignified place to wait when waiting for their food-box.
Well-come
One of our flagship projects, Well-come is a twice-weekly group for people with poor mental health problems with the aim of 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. This project has developed a strong sense of community among the users, and includes events like a Christmas party, bowling trip and shared lunches.
This year, we have increased the variety input from visiting specialists including cookery classes, exercise classes and craft workshops. The aim of this is to increase the sense of self-worth among the users and develop life skills.
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WELLSPRING FAMILY CENTRE
REPORT OF THE TRUSTEES
for the year ended 30 June 2025
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 have resumed occasional outings and home visits for the severely affected. 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; signposting to statutory and other services; encouragement/inspiration to engage in various forms of occupational therapy by providing optional creative and recreational activities.
Illuminate
A weekly, term-time youth group for 10-18 year olds, providing a safe and fun place to meet up. The group provides a safe place for teenagers to make friends. Activities run for one hour (such as pool, board games, Nintendo Switch) before we serve them dinner. Then we spend an hour discussing an area of Christian teaching. The teens are free to express their ideas as they choose during this time.
Little Lambs
Little Lambs is a weekly parent and toddler group. This year we appointed a new project lead to develop the project and we have seen numbers increase and greater sense of purpose in the sessions. A focus for this year has been to encourage the parents/carers to engage with their children's play and learning throughout the morning. The group is growing both in numbers and engagement.
Accommodate
Accommodate is a supported housing project for vulnerable people, delivered in partnership with the Hope In Action charity. Currently the house we purchased using investor's money houses two men who otherwise would be facing homelessness. They are engaged at least weekly by befrienders drawn from the church. One of the two tenants is also accessing Well-come.
Food Cabin
Food Cabin provides affordable food items and toiletries on a membership basis, and signposts to other areas of support. This is the third year the Food Cabin has been operational and it now supports over 300 households, 100 of which shop weekly. The Food Cabin also has a role in signposting people to wider provision, and more frequently offers people the care and kindness they so rarely experience elsewhere. A small community of shoppers has emerged as trust has grown over time.
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.
FINANCIAL REVIEW
Financial position
It has been another productive year for the Centre with income up to £174,777 from £171,301 in 2024. This has been achieved mainly through the generous nature of our grant funders and donors, as well as the diligent team members who make our activities what they are.
With the increase in come we have also seen a slight decrease in expenditure this year from £159,261 in 2024 to £155,711 this year.
Overall, we have made a £19,066 surplus which will enable us to go further and do more in the coming years. We have also been diligent in ensure we are utilising our Restricted Funds for the specific purpose and have lowered the amount of restricted funds held by £3,900.
Thank you to all our grant funders and to our donors.
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.
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WELLSPRING FAMILY CENTRE
REPORT OF THE TRUSTEES
for the year ended 30 June 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
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.
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.
Induction and training of new trustees
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 a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05154582 (England and Wales)
Registered Charity number
1105643
Registered office
35 Neatherd Road Dereham Norfolk NR19 2AE
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WELLSPRING FAMILY CENTRE
REPORT OF THE TRUSTEES for the year ended 30 June 2025
Trustees
P Collinson H Bailey H Grigg S Barber (resigned 23.2.25) D Johnson M Mcevansoneya R Kingsnorth (appointed 5.8.25)
Company Secretary T Rouse
Independent Examiner
Martin Fairchild ACMA, CGMA 2 Morton Road Aylsham NR11 6BA
Finance Management & Accounting Christopher Marsh FMAAT Marsh Solutions Limited 82 Berechurch Hall Road, Colchester Essex. CO2 8RF 25/03/2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... fee H Grigg - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WELLSPRING FAMILY CENTRE
Independent examiner's report to the trustees of Wellspring Family Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 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 matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Martin Fairchild ACMA, CGMA 2 Morton Road Aylsham NR11 6BA
Date: 19[th] March 2026
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WELLSPRING FAMILY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 June 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,776 Charitable activities Centre activities 40,310 Food cabin 17,910 Well-Come 5,708 Little Lambs 5 Illuminate 4,998 Other trading activities 2 29,641 Investment income 3 626 Total 103,972 EXPENDITURE ON Charitable activities Centre activities 53,006 Food cabin 3,611 Well-Come 9,969 Little Lambs 5,047 Illuminate 9,331 Total 80,964 NET INCOME/(EXPENDITURE) 23,008 RECONCILIATION OF FUNDS Total funds brought forward 94,042 TOTAL FUNDS CARRIED FORWARD 117,050 |
Restricted funds £ 8,177 4,000 49,378 9,250 - - - - 70,805 21,700 38,893 10,207 3,947 - 74,747 (3,942) 53,873 49,931 |
30.6.25 Total funds £ 12,951 44,310 67,288 14,958 5 4,998 29,641 626 174,777 74,706 42,504 20,176 8,994 9,331 155,711 19,066 147,915 166,981 |
30.6.24 Total funds £ - 44,874 60,424 14,987 10,517 21,688 18,317 494 171,301 74,000 41,169 25,612 6,982 11,498 159,261 12,040 135,875 147,915 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
WELLSPRING FAMILY CENTRE
BALANCE SHEET 30 June 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 - CURRENT ASSETS Debtors 9 6,024 Cash at bank 111,461 117,485 CREDITORS Amounts falling due within one year 10 (435) NET CURRENT ASSETS 117,050 TOTAL ASSETS LESS CURRENT LIABILITIES 117,050 NET ASSETS 117,050 FUNDS 11 Unrestricted funds Restricted funds: Well-Come Fund Little Lambs Fund Accommodate Fund Fixed Asset Fund Family Centre Fund Food Cabin Funds TOTAL FUNDS |
Restricted funds £ 16,410 - 33,604 33,604 (83) 33,521 49,931 49,931 |
30.6.25 Total funds £ 16,410 6,024 145,065 151,089 (518) 150,571 166,981 166,981 117,050 - - 378 16,410 1,790 31,353 49,931 166,981 |
30.6.24 Total funds £ 24,616 - 124,679 124,679 (1,380) 123,299 147,915 147,915 94,042 956 3,947 701 24,616 10,961 12,692 53,873 147,915 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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WELLSPRING FAMILY CENTRE
BALANCE SHEET - continued 30 June 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25/03/2026 ............................................. and were signed on its behalf by:
............................................. fowoz = H Grigg - Trustee
The notes form part of these financial statements
Page 9
WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling (£).
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2025
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 30.6.25 | 30.6.24 | ||
| £ | £ | ||
| Hire income | 29,641 | 18,317 | |
| 3. | INVESTMENT INCOME | ||
| 30.6.25 | 30.6.24 | ||
| £ | £ | ||
| Deposit account interest | 626 | 494 |
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30.6.25 | 30.6.24 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 8,206 | 8,206 |
| Independent Examination | 250 | 1,380 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Key management
The trustees consider the Key Management of the charity to be the roles of Centre Manager, Centre Administrator and Operations Manager.
During the year the Key Management received remuneration of £51,990 in Gross Wages, and £263 in Employers Pension.
continued...
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WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2025
6. STAFF COSTS
The average monthly number of employees (Full Time Equivalents) during the year was as follows:
All Staff No employees received emoluments in excess of £60,000. 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Charitable activities Centre activities 3,449 Food cabin 20,446 Well-Come 4,987 Little Lambs 88 Illuminate 21,656 Other trading activities 18,317 Investment income 494 Total 69,437 EXPENDITURE ON Charitable activities Centre activities 17,940 Food cabin 5,282 Well-Come 5,094 Little Lambs - Illuminate 11,466 Total 39,782 NET INCOME/(EXPENDITURE) 29,655 RECONCILIATION OF FUNDS Total funds brought forward 64,387 TOTAL FUNDS CARRIED FORWARD 94,042 |
30.6.25 3 Restricted funds £ 41,425 39,978 10,000 10,429 32 - - 101,864 56,060 35,887 20,518 6,982 32 119,479 (17,615) 71,488 53,873 |
30.6.24 3 Total funds £ 44,874 60,424 14,987 10,517 21,688 18,317 494 171,301 74,000 41,169 25,612 6,982 11,498 159,261 12,040 135,875 147,915 |
|---|---|---|
continued...
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WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2025
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 1 July 2024 and 30 June 2025 | 41,028 | |||
| DEPRECIATION | ||||
| At 1 July 2024 | 16,412 | |||
| Charge for year | 8,206 | |||
| At 30 June 2025 | 24,618 | |||
| NET BOOK VALUE | ||||
| At 30 June 2025 | 16,410 | |||
| At 30 June 2024 | 24,616 | |||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Trade debtors | 5,343 | - | ||
| Other debtors | 247 | - | ||
| Prepayments | 434 | - | ||
| 6,024 | - | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Other creditors | 268 | - | ||
| Accrued expenses | 250 | 1,380 | ||
| 518 | 1,380 |
continued...
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WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2025
11. MOVEMENT IN FUNDS
| Unrestricted funds General Fund Restricted funds Well-Come Fund Little Lambs Fund Accommodate Fund Fixed Asset Fund Family Centre Fund Food Cabin Funds TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General Fund Restricted funds Well-Come Fund Little Lambs Fund Accommodate Fund Fixed Asset Fund Family Centre Fund Food Cabin Funds TOTAL FUNDS |
At 1.7.24 £ 94,042 956 3,947 701 24,616 10,961 12,692 53,873 147,915 Incoming resources £ 103,972 9,251 - - - 4,000 57,554 70,805 174,777 |
Net movement At in funds 30.6.25 £ £ 23,008 117,050 (956) - (3,947) - (323) 378 (8,206) 16,410 (9,171) 1,790 18,661 31,353 (3,942) 49,931 19,066 166,981 Resources Movement expended in funds £ £ (80,964) 23,008 (10,207) (956) (3,947) (3,947) (323) (323) (8,206) (8,206) (13,171) (9,171) (38,893) 18,661 (74,747) (3,942) (155,711) 19,066 |
|---|---|---|
continued...
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WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.7.23 £ Unrestricted funds General Fund 64,387 Restricted funds Elevate Fund 287 Well-Come Fund 11,474 Little Lambs Fund 500 Accommodate Fund 917 Fixed Asset Fund 32,822 Family Centre Fund 16,887 Food Cabin Funds 8,601 71,488 TOTAL FUNDS 135,875 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General Fund 69,437 Restricted funds Elevate Fund - Illuminate Fund 32 Well-Come Fund 10,000 Little Lambs Fund 10,429 Accommodate Fund - Fixed Asset Fund - Family Centre Fund 41,425 Food Cabin Funds 39,978 101,864 TOTAL FUNDS 171,301 |
Net movement At in funds 30.6.24 £ £ 29,655 94,042 (287) - (10,518) 956 3,447 3,947 (216) 701 (8,206) 24,616 (5,926) 10,961 4,091 12,692 (17,615) 53,873 12,040 147,915 Resources Movement expended in funds £ £ (39,782) 29,655 (287) (287) (32) - (20,518) (10,518) (6,982) 3,447 (216) (216) (8,206) (8,206) (47,351) (5,926) (35,887) 4,091 (119,479) (17,615) (159,261) 12,040 |
|---|---|
continued...
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WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2025
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General Fund Restricted funds Elevate Fund Well-Come Fund Little Lambs Fund Accommodate Fund Fixed Asset Fund Family Centre Fund Food Cabin Funds TOTAL FUNDS |
At 1.7.23 £ 64,387 287 11,474 500 917 32,822 16,887 8,601 71,488 135,875 |
Net movement in funds £ 52,663 (287) (11,474) (500) (539) (16,412) (15,097) 22,752 (21,557) 31,106 |
At 30.6.25 £ 117,050 - - - 378 16,410 1,790 31,353 49,931 166,981 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Elevate Fund Illuminate Fund Well-Come Fund Little Lambs Fund Accommodate Fund Fixed Asset Fund Family Centre Fund Food Cabin Funds TOTAL FUNDS |
Incoming resources £ 173,409 - 32 19,251 10,429 - - 45,425 97,532 172,669 346,078 |
Resources Movement expended in funds £ £ (120,746) 52,663 (287) (287) (32) - (30,725) (11,474) (10,929) (500) (539) (539) (16,412) (16,412) (60,522) (15,097) (74,780) 22,752 (194,226) (21,557) (314,972) 31,106 |
|---|---|---|
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
continued...
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WELLSPRING FAMILY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2025
11. MOVEMENT IN FUNDS - continued
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.'
Food Cabin Fund - Providing affordable everyday supplies to those in need in Dereham Accommodate - Providing support to those who are part of the Accommodate programme Fixed Asset Fund - The Fixed Assets of the Charity
Family Centre Fund - For use of the Family Centre itself rather than a specific activity.
The Restricted funds are wholly represented by the Charity's cash reserves.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.
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