Charity registration number 1153923
THE WELLSPRING COMMUNITY BRIGHTON
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
THE WELLSPRING COMMUNITY BRIGHTON
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Ben Gray Katy Gray Lara Manighetti Christopher Manighetti Howard Davies Charity number 1153923 Registered office 1 Elm Grove Brighton East Sussex BN2 3ET Independent examiner Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
THE WELLSPRING COMMUNITY BRIGHTON
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 16 |
THE WELLSPRING COMMUNITY BRIGHTON
TRUSTEES REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
The trustees present their annual report and financial statements for the year ended 31 August 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charitable Incorporated Organisation's Foundation constitution, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Objectives and activities
The Charitable Incorporated Organisation's objects are:
1, the furthering and advancement of the Roman Catholic Religion and Benedictine Spirituality by in particular (but not limited to) teaching, pastoral care and other apostolic projects and to maintain those, including members of the Charity, engaged in such work.
2, such other purposes that are charitable in English Law whether or not directly connected with the Roman Catholic Church.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charitable Incorporated Organisation should undertake.
In order to fulfil these objectives with particular consideration as to how they serve and benefit others, the trustees have been directing the charity in a wide range of activities over the course of this year. These activities are reviewed on a rolling programme and changed, developed or dropped as is appropriate. This enables us to ensure that we are indeed continuing to operate in line with our charitable objectives.
Achievements and performance
Dear Friends,
Leadership coach, John Maxwell, once famously said, “Change is inevitable. Growth is optional.” This year has continued to be another year of changes, endings, and beginnings within our community. We continue to do our best to grow into the new season in which we find ourselves and serve God through the many opportunities which have been opening up this year.
As a community, we have grown in number, with Anna and Barney becoming the newest promised members. It is wonderful to welcome them fully into the community and see them stepping into various areas of mission. We have also started a monthly formation evening for enquirers to the community, of which we have five this year. The programme covers key areas of Benedictine spirituality, foundational writings for Wellspring and scriptural texts which have shaped our identity over the years. Please pray for them and for us as we explore together whether membership of the community might be right for them.
As the community has changed and grown over the last few years, a notable change in our life is that financial pooling within the community has ceased. Many of you will remember that when we founded Wellspring twelve years ago, we took the first Christian community in Acts 2 and 4 as a special inspiration and pooled our incomes. This brought about a tangible strength of communion and mission and was an incredibly valuable time of learning ‘detachment’ from material possessions. As various members got married and their life circumstances changed, pooling financially was no longer suitable for their situation, and last year, after the decision not to move forward with consecrated life, the financial pooling of community members finally ceased.
Another ending in this time of change is that from September 2024, no. 1 Elm Grove (the original community house) will cease to be rented by the Wellspring community and instead will become an additional base for Residential Student Ministry. This is in anticipation of Howard House closing once the Brighton ‘Mission Hub’ has opened in Summer 2025 (more on that later) and the base for student ministry moves to St Joseph’s. For so many of us, and for so many former members of the community, 1 Elm Grove was a place where we journeyed deeply together into the heart of the gospel through a shared life. Whilst we are very sad to let it go, we are pleased that the house will continue to be a place where young adults can journey together in faith. We hope that the students who live there will experience it as a place of blessing, sharing prayer, food and life together as they study and serve.
Over the last year, we have continued to see rapid growth in our work with families as more and more families are making contact in their search for community, formation and a context within which to pass on the faith to their children. We are especially grateful to the Worth monks who have supported these events generously, particularly through enabling us to use meeting spaces at Worth and through making the Sacraments available to families.
page 1
THE WELLSPRING COMMUNITY BRIGHTON
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
We have lots of hopes and aspirations for how we can be serving families in the Church in the future. The student and young adults ministry also continues to develop and strengthen with new theology conferences being added to the usual offerings of Sunday lunches, Deep Waters at St Joseph’s and residents meals, Cathsocs and other socials at the chaplaincy’s Howard House.
Further change is also round the corner for the community as my term of office is up in 2024. That means the community will be going through a tractatus (a confidential discussion of discernment) and election, and either I or a new leader will be elected. Please pray for us as we enter that period of discernment.
Finally, I wanted to thank those of you who continue to support the Wellspring Community so generously through your friendship, prayers and financial gifts. I hope you enjoy seeing some of the fruits of your generosity through the work of our community.
Family Ministry
The Friday Family Group and the Family Days at the Bermondsey Huts are two of our key ‘gateway moments’ for meeting and getting to know new families. The Friday Family Group is a monthly group for parents with young children. The Family Days at the Bermondsey Huts take place on Saturdays during the spring, summer and early autumn, for families to come together near the forest on the edge of the Worth Abbey site. The weather on Holy Saturday was bright, fresh and full of the expectant spring joy of Easter. Fr Paul Fleetwood, one of the Worth Monks, came to make Reconciliation available, a few parents ran games with the small children, and others helped to prepare the wood for the campfire. We shared food, prayed Midday Prayer together in the field, went for a forest walk and lit the campfire. The other Bermondsey Huts days had a similar feel, but each with their own character, according to the season.
Each of the days was ‘phone-free’, and we were surprised by how many people expressed gratitude for this valuable opportunity to ‘switch off’ and find a level of calm inside. In May, a few brave families with toddlers even tried camping out after the Family Day, which was very successful for some and completely sleepless for others. In total, around forty different families have joined us for these days at Bermondsey Huts this year. A number of these families are the only family with young children in their parish, and they value the chance to meet other young families trying to shepherd their children to know and love God through the normal ups and downs of family life.
The Friday Family Group at Worth Abbey, a monthly ‘pit stop’ for parents with young children, also continues to attract newcomers through word of mouth. Here too, the Sacrament of Reconciliation is offered by Fr Martin McGee, this time to the background hum of screaming babies and arguing toddlers. It is an informal and relaxed ‘drop in’ morning, but another opportunity for Wellspring members to build a place of welcome, encouragement and sharing within the Church. We are finding that through participating in this group and the Bermondsey huts days, many are expressing further interest in our Catechesis of the Good Shepherd for young children and our monthly discipleship group for men.
Mike and Deb’s Story
Early in October 2022, we received a message from a friend that Wellspring were set to hold family days at Worth. At the time, we felt rather isolated and were searching for deeper community. Together, we decided it was time (with three young children under six!) to seek out faith-filled families. In all honesty, we were a little concerned about the fact we did not know too many others. However, after our initial leap of faith, the welcome we received was overwhelmingly kind and gave us the sense of community we were looking for.
The past few months have been challenging for us as a family, so when Debs went to her first Friday Family Group, with our two-year-old in tow, it was with some trepidation. It had been a particularly difficult week, with energy levels lacking. Thankfully it was rather quiet, with a couple of familiar faces from the family days at Worth. The relaxed atmosphere created the timely safe space Debs needed to open up and share. The genuine love and support she felt from those there as they listened, gave a great sense of peace. The presence of Christ was most definitely there, in the talking, biscuit eating and fort building (the children not adults!). Equally the monthly men’s group has provided a warm source of friendship and community for Mike. Sharing a meal together is always a great start, followed by a reflection or faith talk. It is always full of joy (especially when the games get going!) and you feel lighter as a result of being there.
Over the last year, we have been to four family days and each time we’ve come back feeling refreshed with a true feeling of hope, knowing that a welcoming and supportive community exists where families are filled with active faith, rather than just attending Mass on a Sunday. It’s a true blessing (and unusual) how one family can feel so genuinely welcome and supported after just a handful of meetings.
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THE WELLSPRING COMMUNITY BRIGHTON
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Men’s Group at Worth
Our men’s group has just finished a three month cycle exploring The Call, The Response and The Challenge of being disciples of Jesus in the 21st Century. We launched this group in January this year because we noticed an emerging need and opportunity for many of the fathers of the families in our growing network. Many said that they did not have a group with whom to journey in faith; workplace friendships or those from recreational activities might be good but are not set up for a depth of sharing so we wanted to respond to this desire for fellowship and discipleship. The group meets once a month at Worth in Compass House and the evening has a simple format: a shared meal, some small group questions or a talk and often, board games to finish. Occasionally, Reconciliation is available thanks to Fr David Jarmy. Over the last twelve months the group has grown quickly and there is now a pool of around forty men, ten or fifteen of whom might come along each month. Quite unexpectedly, this group is drawing people from further afield than our original target audience, as word of mouth has spread.
The spread of ages (from single young men to dads who have been married for 20 years) leads to rich sharing and discussion. In the new year we will be developing this work further by offering a 90 day journey of prayer, sacrifice and accountability called Exodus 90.
“I really rate the group as an opportunity to meet with other Christian guys and talk about some of the things that really matter. I especially value that you can just come as you are and there's no real presumptions. It’s surprisingly difficult to find that!” Jim
Our Local Parishes
As members of the Wellspring Community we are committed to investing in our parishes, helping them to become places of vibrant and active faith, enabling encounter with and transformation in Christ.
Worth Parish: Cateches is of the Good Shepherd
When St. John Paul II visited an atrium in Rome, after observing the children work with the materials he reportedly said, “That is the most beautiful homily I have ever witnessed. It is proof that really the Kingdom of Heaven belongs to the children.”
Wellspring’s newest members, Anna and Barney, and also some enquirers are part of Worth Parish and whilst Wellspring has a long history with Worth, we have never been directly involved in the parish. Anna and Lara have been leading on a joint Wellspring-Worth Parish project.
One of the questions which comes up again and again in discussions with families through our ministry is, “What can we do to pass on the faith to our children?”. Our conversations often centre around prayer in the home and reading Bible stories together as a foundation but this year an additional opportunity has developed. Catechesis of the Good Shepherd (CGS) is a faith formation programme for 3-12 year olds based on Montessori methodology and draws deeply from scripture and the liturgy of the Church. It is powerful and beautiful in its simplicity and invites small children to encounter the mysteries of God’s kingdom in quiet yet powerful ways.
CGS takes place in a specially prepared room called an ‘atrium’, a space where children can encounter God through independent work with simple yet beautiful materials in an atmosphere of peace and (mostly) silence. These children watch presentations retelling key biblical stories or moments from the liturgy and are then able to choose which materials they spend some time working with. Catechists are there to assist and help as they are needed but the child is the one who is replaying and exploring the moment from scripture or the liturgy.
Many of the families in our network had come across CGS and were interested in training as catechists so that an Atrium could be established. Worth Parish were, at the time, also exploring introducing this method of formation and so a partnership developed which led to CGS training earlier in the year. We established a weekly atrium for 3-6 year olds at Worth from September 2023. The training also presented a great opportunity to serve the Church in the local area and we had 10 additional children’s catechists and parents come and attend who are then looking to take CGS back to their own parishes. The children receive this formation in three different levels according to their age. We are hoping to offer level two training in 2025 with a view to opening a Level II atrium for 6-9 year olds in that autumn.
In September, when we opened our atrium at Worth for 3-6 year olds we were amazed to be oversubscribed even before we began. We meet weekly during term time and it is a complete joy to watch these little ones engaging with the materials and times of prayer so beautifully.
page 3
THE WELLSPRING COMMUNITY BRIGHTON
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
The Catholic Parish of East Brighton
“I dream of a “missionary option”, that is, a missionary impulse capable of transforming everything, so that the Church’s customs, ways of doing things, times and schedules, language and structures can be suitably channelled for the evangelization of today’s world rather than for her selfpreservation.” Pope Francis - Joy of the Gospel” (LG 20)
After two years of ‘behind the scenes’ work, we can finally tell you about a project which the Wellspring Community has been involved in, in partnership with the Parish of East Brighton and the Diocese of Arundel and Brighton. A number of years ago, Jo suggested that the student ministry base which serves the Universities should move from the edge of town and integrate with the parish, an idea that Bishop Richard was supportive of. This move would enable a more integrated programme of activity for students and young adults; they would become part of a wider and intergenerational community of faith and from this would spring more opportunities for growth in faith, mutual service and service of the wider community in Brighton. Key to this plan was the redevelopment of the site which is currently the church hall for St Joseph’s, a rather drab and underused building in desperate need of investment. Two years ago, Fr Kieron asked Ben to take this project forward.
Gradually, as the Parish Leadership Team and the Student Ministry Team started to explore the implications of this project, a whole host of opportunities became clear and a broader vision developed.
Ideas developed around how the student ministry and the ministry of the parish could be thoroughly integrated as a single movement, reaching out to and serving not only those within the church, but the city as a whole.
Our hope is that this new building and the activity which flows from it will help to refocus the mission of the Church in Brighton - to reach out to the local community (especially to young adults and young families), to grow a culture of ongoing formation in the faith, and to provide opportunities for people to encounter the Catholic faith in a fresh and life-giving way. We hope that what is learned through this project can also become a resource to others. Canon Kieron O’Brien, our Parish Priest, (also Episcopal Vicar for Formation and a Diocesan Trustee) says this about the project:
The “Mission Hub” is an exciting collaboration between the Parish and the Diocese to provide a flagship facility with a vision for Evangelisation across the city of Brighton and Hove. I am grateful for the original inspiration from Jo and for Ben’s work thus far in bringing the project to the planning stage.
We now have a building designed and are currently awaiting planning permission. Please pray for this project! If you would like to see the plans and find out more about this project, please go to https://www.eastbrightoncatholic.org.uk/milton
Those who have supported Wellspring with financial gifts have enabled us to invest our time in a project which will have a significant impact upon the future of the Catholic Church in Brighton, so thank you!
Student and Young Adult Ministry
T he Student Ministry Team is a collaboration between Worth monks and Wellspring members and delivers the Catholic student and young adult ministry on behalf of the Diocese in Brighton.
In June 2023, Claire came back onto the Team after her maternity leave, rejoining Fr Rod, Fr Gabriel and Jo. All the usual groups and activities got back underway in September at both ends of town -Deep Waters, with its programme of formation, prayer and friendship; Sunday lunches, with a wide range of speakers from the Bishop to the leaders of some wonderful local Christian charities and communities; a Theology conference on the InBreaking of the Kingdom of God; two retreats at Worth Abbey and even a Canterbury pilgrimage. The students/young adults on the scene are a lively, engaged and gifted group all with a real interest in how the Catholic faith can inform their field. They were especially interested in Charles Wookey, co-founder of "Blueprint for Better Business" ,who spoke to Deep Waters about implementing Catholic Social Teaching in the secular world. The students/young adults were deeply inspired by the potential for uniting Catholic principles with their fields of study and work, a theme we hope to pick up later in the year.
Surprisingly, at the Freshers Fairs in October, we experienced a noticeable increase in interest from students with no or little faith background, a trend we have also seen at St Joseph's asking about the Christian faith and whether they can become Catholic. Most are young men between 18 and 30, many from non-faith backgrounds. Some of them have incredible stories of encounters with God that have led them to the Church. It looks like we'll be doing quite a few Baptisms next year!
Closing
I would like once again thank all of you for your friendship, prayers and support. We are so grateful to you as we navigate some of these changes to the life, shape and work of our community. As always, please let us know if you have any particular prayer intentions or you would like to know more about how to get involved in or support our mission.
In Christ
Ben Gray and the Wellspring Community
page 4
THE WELLSPRING COMMUNITY BRIGHTON TRUSTEES REPORT (CONTINUED) FOR THE SE4R ENDED 31 AUGUST2023 The charity had a defl¢ii of £60.59512022.' surplw of £1,026) durirtB thc yew &¥ srt out in th¢ SMem¢ni of Fit)9]8[ Activities on p4¢ 7 of the accounts. It ls the tx)licy of the Charitable IncOryrnted Organtsa¢tOD that unrestricted funds which have not been desigtsated for a spxific us¢ should maintained at a level equivaltht to bW¢¢n six 8nd n¥elve months of totsl exrtnditure. The tW5tee5 ¢onsid¢r th resttvts at thls level will ¢u tha( iTh the event of & 5ignificwtt drop in fwJdln& th¢y will be able to continue the Charitable IncorF4Jrated ch15¢10,3 ¥tlviue5 while consideration is giv¢Th to y5 inwhich litional fwuls may raisol. The trustet5 have $¢$1 the mqior risks to which the Charitable IrKorp)r8ted Orgwisation is ¢xwed, at¥J ar¢ Jati5fJed that systems are in place to mitigate exsu kn th¢ moior risk& Stru¢t•e V)vern4n¢¢ m••a8emut The Charitable In¢orp)rwed Organi$ation w&8 establish by a Foundatlon constiwtion oft 23 September 2013. Th¢ W¢ll$pring Community w&8 fonnally ¢stabli5h¢d 5 yearn tr¢for¢ rrteivin8 charity 5tattk5 in 2013. A5 way of ¢ontex1uiSifi8 thL5 rrt it Tnight be u$¢ful w remind the reader that whi15t the rlwity h&8 only exssied for 9 years the community 5 rwts xr¢ at le&st 14 years old in the Elm Grov¢ Community project. The Promised m¢mbers of the eommunity renew their Promise ajjnu1Y. 8nd Formati¢)n and Mission fflembcr$ are ¢ontit)uing ttTr join w for a period of time to live 8md experi¢n¢¢ our w&y of lif& This commitmeni coupl with rrdyer and a rKK>ling of r¢sowee8, has enabled to have a great stsbility and deep cotnmunion with one another of which we have been able to grow OUT ministy in a way th&t 15 quite bcauiiful. Many of th¢ projects rewrted her¢ have been running and dev¢lopin8 for a nwnber of years and we wntinue w see th¢ grew impact on faith journ¢y of a wide ran8c of p¢opl¢ they have had. The tTUSte£8 wtM> served during th¢ year at)d up to th¢ da of 8i8ttatt]re of the fLtJanci815tstements were: Ben Gray Katy (rray Lara MO1ghettI Christopher Manighetti How8Td Davies Th¢ trustees Betmlly come from the membcrship of the community. ¢lKugh we iOnallY invi Mn-memlm who can offer wi$dom and expertise to join our &>ard of trjstecs. Every tTUStee mu8t be appKbinted for a tem) of three ye8rs by 8 rt501ution pa85¢d at a proFTly ts)nveneil me¢tiDg of th¢ ¢lwrity tnL8tee In selecting individuals for aprA)in¢Trt &s elwity trU8t¢ the ch8rity trustees must have regard the skills. knowl¢d8e at exp¢Ti¢tice ¢eded for th¢ ¢ffeLiiV¢ 8<hniwstration of the CIO. The tnt5tees are Blgo members of the community. MembeT5 of ihE LY)mMlty are maintained by the ¢hwity and the CO of pr¢rn15¢S, TllU]s and otheT living expensts in respect of each memFr is roid by the charity. In return the njembers pay their salary inkn the charity. Thc aknvc list of trustecs aTt related rtIeS of the Gharity. The tswtees report was approved by the Board of Tnte¢s. Laro Manigh¢tu Tr#$te¢ 1&1.6/Ic*
THE WELLSPRING COMMUNITY BRIGHTON
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE WELLSPRING COMMUNITY BRIGHTON
I report to the trustees on my examination of the financial statements of The Wellspring Community Brighton (the Charitable Incorporated Organisation) for the year ended 31 August 2023.
Responsibilities and basis of report
As the trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charitable Incorporated Organisation’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the Charitable Incorporated Organisation as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
==> picture [214 x 32] intentionally omitted <==
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
Dated: 28 June 2024.
page 6
THE WELLSPRING COMMUNITY BRIGHTON
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
| Unrestricted Unrestricted Restricted funds funds funds 2023 2022 2022 Notes £ £ £ Income from: Donations and grants 3 12,265 27,369 49,500 Charitable activities 4 23,291 17,190 - Total income 35,556 44,559 49,500 Expenditure on: Charitable activities 5 96,151 43,533 49,500 Net (expenditure)/income for the year/ Net movement in funds (60,595) 1,026 - Fund balances at 1 September 2022 174,223 173,197 - Fund balances at 31 August 2023 113,628 174,223 - |
Total 2022 £ 76,869 17,190 |
|---|---|
| 94,059 | |
| 93,033 | |
| 1,026 173,197 |
|
| 174,223 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
page 7
THE WELLSPRING COMMUNITY BRIGHTON BALANCE SHEET ASA T31 AUGUST2023 2(123 2022 Flx¢rf *ssets Ton8ibl¢ &8sets io 3.050 4,067 Current •s8•ts D¢bknrs Ch ai batth and in hand li 673 136.041 2,628 172,516 13&714 175.144 Crtdlton: f•llfftn8 dat wlthiD o•e yur 12 126.136) 14.988) 110.578 170,156 TotAI lutts J¢s9 cNrn¢ Il•bMItI•A 113,628 174,223 Unr¢stri¢ted tijods 113.628 174223 113.628 17422J 2é1.&/2 The finaD¢ial $tytements were approved by thc Tntste¢$ on.... .. . Lara Mani8h¢tti Tr¥st ¢8
THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
1 Accounting policies
Charity information
The Wellspring Community Brighton is a Charitable Incorporated Organisation.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charitable Incorporated Organisation's Foundation Constitution, the Charities Act 2011 and "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)". The Charitable Incorporated Organisation is a Public Benefit Entity as defined by FRS 102.
The Charitable Incorporated Organisation has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charitable Incorporated Organisation. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charitable Incorporated Organisation has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Charitable Incorporated Organisation is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Grants received are included in the year in which the charity is entitled to the income.
Charitable activities income include community members income and retreats and missions income. It is recognised in the period to which it related which is when the charity becomes entitled to it.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
page 9
THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
1 Accounting policies
(Continued)
Expenditure is included when incurred.
Charitable costs relate to the costs of the community and have been allocated directly to the functional headings as shown on the SOFA.
Governance costs include costs incurred in dealing with the legal and administrative requirements of the charity and are recognised when incurred.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers 3 years straight line Motor vehicles 25% reducing balance
- 1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The Charitable Incorporated Organisation has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charitable Incorporated Organisation's balance sheet when the Charitable Incorporated Organisation becomes party to the contractual provisions of the instrument.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charitable Incorporated Organisation is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11 Taxation
As a charity, the organisation is not subject to Corporation Tax or any taxes on income and gains arising from its charitable activities.
2 Critical accounting estimates and judgements
In the application of the Charitable Incorporated Organisation’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
- 3 Donations and grants
| Unrestricted Unrestricted Restricted funds funds funds 2023 2022 2022 £ £ £ Donations and gifts 12,265 27,369 - Grants received - - 49,500 12,265 27,369 49,500 |
Total 2022 £ 27,369 49,500 |
|---|---|
| 76,869 |
4 Charitable activities
| Salaries and | Salaries and | |
|---|---|---|
| Earnings | Earnings | |
| 2023 | 2022 | |
| £ | £ | |
| Salaries and earnings | 23,291 | 17,190 |
page 11
THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
5 Charitable activities
| Property Costs Activities Costs Community Costs 2023 2023 2023 £ £ £ Staff costs 40,834 - - Rent, rates, water, light and heat 19,034 - - Insurance 1,153 - - Telephone and fax 67 - - Sundry expenditure - 6,443 - Repairs and maintenance - - - Motor and travel expenses - 154 71 Personal and holiday expenditure - - 213 Healthcare - - 77 Food costs - 708 - Retreats - 1,113 - Mission expenditure - 21,799 - 61,088 30,217 361 Share of support costs (see note 6) 1,108 - - Share of governance costs (see note 6) 3,377 - - 65,573 30,217 361 Analysis by fund Unrestricted funds 65,573 30,217 361 Restricted funds - - - |
Total 2023 £ 40,834 19,034 1,153 67 6,443 - 225 213 77 708 1,113 21,799 91,666 1,108 3,377 96,151 96,151 - |
Total 2022 £ 48,462 15,649 1,080 475 7,816 1,523 403 906 18 2,935 4,413 4,514 |
|---|---|---|
| 88,194 1,875 2,964 |
||
| 93,033 | ||
| 43,533 49,500 |
page 12
THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
5 Charitable activities
(Continued)
For the year ended 31 August 2022
| Property Costs Activities Costs Community Costs £ £ £ Staff costs 48,462 - - Rent, rates, water, light and heat 15,649 - - Insurance 1,080 - - Telephone and fax 475 - - Sundry expenditure - 7,816 - Repairs and maintenance 1,523 - - Motor and travel expenses - 182 221 Personal and holiday expenditure - - 906 Healthcare - - 18 Food costs - 2,935 - Retreats - 4,413 - Mission expenditure - 4,514 - 67,189 19,860 1,145 Share of support costs (see note 6) 408 1,267 200 Share of governance costs (see note 6) 644 2,004 316 68,241 23,131 1,661 Analysis by fund Unrestricted funds 38,261 4,011 1,261 Restricted funds 29,980 19,120 400 68,241 23,131 1,661 |
Total 2022 £ 48,462 15,649 1,080 475 7,816 1,523 403 906 18 2,935 4,413 4,514 |
|---|---|
| 88,194 1,875 2,964 |
|
| 93,033 | |
| 43,533 49,500 |
|
| 93,033 |
page 13
THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
6 Support costs
| Support costs Governance costs £ £ Depreciation 1,018 - Bank charges 90 - Accountancy - 3,377 1,108 3,377 Analysed between Charitable activities 1,108 3,377 |
2023 Support costs Governance costs £ £ £ 1,018 1,632 - 90 243 - 3,377 - 2,964 4,485 1,875 2,964 4,485 1,875 2,964 |
2022 £ 1,632 243 2,964 |
|---|---|---|
| 4,839 | ||
| 4,839 |
Governance costs includes payments to the independent examiners of £3,194 for the independent examination.
7 Trustees
None of the trustees (or any persons connected with them) received any expenses during the year, however two trustee received salaries for their roles as part of the leadership team.
8 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| 2 | 2 | |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 36,123 | 39,532 |
| Social security costs | 3,996 | 4,931 |
| Other pension costs | 715 | 999 |
| 40,834 | 45,462 |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
page 14
THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
| 10 Tangible fixed assets Computers Motor £ Cost At 1 September 2022 830 At 31 August 2023 830 Depreciation and impairment At 1 September 2022 830 Depreciation charged in the year - At 31 August 2023 830 Carrying amount At 31 August 2023 - At 31 August 2022 - 11 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Other taxation and social security Accruals and deferred income |
vehicles £ 14,351 14,351 1,017 10,284 11,301 3,050 4,067 2023 £ - 673 673 2023 £ 1,778 24,358 26,136 |
Total £ 15,181 |
|---|---|---|
| 15,181 | ||
| 1,847 10,284 |
||
| 12,131 | ||
| 3,050 | ||
| 4,067 | ||
| 2022 £ 1,955 673 |
||
| 2,628 | ||
| 2022 £ 1,901 3,087 |
||
| 4,988 |
page 15
THE WELLSPRING COMMUNITY BRIGHTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
13 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement | in funds | Movement in | ||||
|---|---|---|---|---|---|---|
| funds | ||||||
| Income | Expenditure | Balance at | Income | Balance at | ||
| 1 | September | 31 August 2023 | ||||
| 2022 | ||||||
| £ | £ | £ | £ | £ | ||
| Formation and Mission House Fund | 49,500 | (49,500) | - | - | - |
The Formation and Mission House fund represents funds received from Porticus for use within The Wellspring Community and its Formation and Mission House.
14 Related party transactions
There were no disclosable related party transactions during the year (2022 - none).
page 16