2021-09-30-accounts

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1164426 - HEALING SPRINGS CHURCH

TRUSTEES’ REPORT FOR THE YEAR ENDED 30[th] SEPTEMBER 2021

Our vision is to be a loving and vibrant church of people from all nations. The church continues to grow stronger, with members drawn from diverse nationalities.

The church employs its founding pastor in a full-time salaried position. We consider that a pastor fully dedicated to the work of the ministry is more effective in delivering our main objective of ‘Advancing the Christian Faith’.

Members are being supported in our mission of ‘equipping people to live victoriously’ through the propagation of the Word of God. This is based on the love of God and the ministry of the Holy Spirit. The church is fully committed to being a strong fellowship of people from all nations who are full of faith, established in hope, bonded in love and focused on truth.

It has been another challenging year due to the COVID-19 pandemic and the negative effects of social distancing on human relationships. However, we have been able to continue most of our activities by taking advantage of technology and the flexibilities provided by government guidance. We have continued to sow the good seed of the Word and we expect a good harvest of transformed lives. After a long period of online-only meetings, we were able to resume our regular physical meetings in September 2021. We hope to gain back every momentum lost due to the pandemic, become stronger and achieve greater results.

We continue to run a discipleship course for members. This involves the study of a New Life in Christ Discipleship Guide under the one-to-one guidance of church-appointed mentors. The course is aimed at helping members to become well-established in the basic principles of the Christian faith, and to accelerate their spiritual maturity, so that they can be more effective and fruitful for good works in the home, church, local community and wider society.

Our regular activities include Worship, Fellowship, Bible Study, Prayer, Discipleship, Evangelism and Giving. We devote our resources to preaching, teaching, mentoring, counselling, visitation, welfare, mission, donations and other charitable activities.

The church also maintains a website for the purpose of publicity and dissemination of the gospel through various media.

Our vision is to reach thousands of people with the gospel of Jesus Christ and to disciple many true believers from all nations. We remain committed to our mission of bringing salvation, healing, deliverance, breakthrough, miracles and transformation to many lives.

We plan to acquire our own premises in the future for a more effective implementation of our vision, and we will continue to save towards this as the church income increases.

The trustees are very grateful to our members and friends who are committed to regular giving in ‘tithes and offerings’ to the church. Your faithfulness in generous giving enables the work of God to move forward. The Lord will surely reward you with abundant blessings (Malachi 3:10, 2 Corinthians 9:10) and your labour of love will not be in vain (Hebrews 6:10).

This report is approved by the Board of Trustees and signed on its behalf by:

Dr Ben Awoseyila 28 December 2021

Charity no 1164426

Healing Springs Church

Annual Accounts

1st October 2020 - 30th September 2021

Prepared by DTT Consultancy Ltd

Healing Springs Church

Reference and administrative details of the charity	3
Independent Examiners Report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7-12

Healing Springs Church

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Trustees DR BEN AWOSEYILA MRS RONKE ADEWOLA MR TUNDE OGUNYINKA Minister In Charge DR BEN AWOSEYILA Charity registration no 1164426 Principal office HEALING SPRINGS CHURCH VIABLES COMMUNITY CENTRE VIABLES CRAFT CENTRE THE HARROW WAY BASINGSTOKE RG22 4BJ Independent Examiner Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF Bankers Natwest

Page 3

Independent Examiner's Report to the Trustees of Healing Springs Church

I report on the accounts for the year ended 30th September 2021.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required.

exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 43 of the 1993 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe

DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 22nd December 2021

Page 4

Healing Springs Church	Healing Springs Church	Healing Springs Church	1164426
	Annual accounts for the period
	Period start date	1st Oct 20	30th Sep 21

Section A Statement	of Financial Activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total resources expended* *Total incoming resources* *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before transfers* Prior Year Adjustment Other recognised gains/(losses) *Net incoming/(outgoing) resources before other recognised gains/(losses)* Gross transfers between funds		Unrestricted funds Total this year Total last year £ £ £ F01 F04 F05
		-	-	-
		50,307	50,307	60,148
		-	-	-
		-	-	-
		-	-	-
		-	-	-
		50,307	50,307	60,148

		-	-	-
		36,099	36,099	41,266
		-	-	-
		-	-	-
		6,390	6,390	3,950
		-	-	-
		-	-	-
		42,489	42,489	45,216
		7,819	7,819	14,932
		-	-	-
		7,819	7,819	14,932

		-	-	-
		-	-	-
		7,819	7,819	14,932
		20,128	20,128	5,196
		27,946	27,946	20,128

Page 5

Section B Balance sheet

Note B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20	Unrestricted funds £ F01	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
	-	-	-
	-	-	-
	-	-	-
	-	-	-

	-	-	-
	-	-	-
	-	-	-
	28,196	28,196	20,378
	28,196	28,196	20,378

	250	250	250

	27,946	27,946	20,128

	27,946	27,946	20,128

	-	-	-
	-	-	-

	27,946	27,946	20,128

	27,946	27,946	20,128
		-	-
		-	-
		-	-

	27,946	27,946	20,128

Signature		Print Name	Date of approval
		DR BEN AWOSEYILA	22-Dec-21

Page 6

Section C Notes to the accounts (cont)

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
and with*

 Accounting Standards; Financial Reporting Standards for Smaller En

• and with the Charities Act 1993. [ except for the following]. _Give details in this box if a different standard has been followed.**_

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting
** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 7

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional INCOMING RESOURCES

INCOMING RESOURCES
Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 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.
	Where incoming resources have related expenditure (as with fundraising or contract
Incoming resources with related expenditure	income) the incoming resources 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.
Tax reclaims on donations and gifts	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
Contractual income and performance related grants	This is only included in the SoFA once the related goods or services have 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.
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.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss
	resulting from revaluing investments to market value at the end of the year.
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
	trustee 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 the grant which remain in the control of
	the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost
	categories on a basis consistent with the use of resources, eg allocating property
	costs by floor areas, or per capita, staff costs by the time spent and other costs by
	their usage.
ASSETS
Tangible fixed assets for use by charity	These are capitalised if they can be used for more than one year, and cost at least
	£500. They are valued at cost or a reasonable value on receipt.
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.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 8

Section C Notes to the accounts (cont)

This year Last year £ £ Tithes and Offerings 50,307 60,148 Total 50,307 60,148 - - - - - - - - - - Total - - - - - - - - - - - - Total - - - - - - - - - - - - Total - - Activities for generating funds Investment income Incoming resources from charitable activities Note 3 Analysis of incoming resources *Incoming resources may be further analysed if this would help the reader of the accounts.* Analysis Voluntary income	This year Last year £ £ Tithes and Offerings 50,307 60,148 Total 50,307 60,148 - - - - - - - - - - Total - - - - - - - - - - - - Total - - - - - - - - - - - - Total - - Activities for generating funds Investment income Incoming resources from charitable activities Note 3 Analysis of incoming resources *Incoming resources may be further analysed if this would help the reader of the accounts.* Analysis Voluntary income	This year Last year £ £ Tithes and Offerings 50,307 60,148 Total 50,307 60,148 - - - - - - - - - - Total - - - - - - - - - - - - Total - - - - - - - - - - - - Total - - Activities for generating funds Investment income Incoming resources from charitable activities Note 3 Analysis of incoming resources *Incoming resources may be further analysed if this would help the reader of the accounts.* Analysis Voluntary income
Tithes and Offerings	50,307	60,148
Total	50,307	60,148

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 9

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.

This year Last year £ £ Analysis	This year Last year £ £ Analysis	This year Last year £ £ Analysis
Honourarium	500	900
Wages & Salaries	31,430	31,193
Pension	1,810	1,810
Rent	571	3,739
Training	-	134
Children & Youth	-	20
Hospitality	327	534
Office expenditure	253	428
Insurance	227	218
Equipment/Furniture	-	1,300
Publicityand Website	270	287
Accountancyfees	250	250
Payrollprocessingfee	460	454
Total	36,099	41,266

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
Total	-	-

Gifts & Donation	700	800
Welfare	5,690	3,150
Total	6,390	3,950

	-	-
	-	-
	-	-
Total	-	-

Page 10

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has

Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses

Thisyear Lastyear £ £ This year Last year £ £ 250 250 Other fees (for example: advice, consultancy, accountancy Number of trustees who were paid expenses Nature of the expenses Total amount paid *Please provide details of the amount paid for any statutory external scrutiny of accounts and other* Independent examiner’s or auditors' fees for reporting on the 6.2 Fees for examination or audit of the accounts	Thisyear	Lastyear


	£	£
	This year £	Last year £
	250	250

Page 11

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within	Amounts falling due within	Amounts falling due after more	Amounts falling due after more
This year £	Last year £	This year £	Last year £
			-
-	-	-	-
	-	-	-
-	-	-	-
-	-	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total	Amounts falling due within		Amounts falling due after more
	This year £	Last year £	This year £	Last year £
			-	-
		-		-
	-	-	-	-
	250	250	-	-
	-	-	-	-
	250	250	-	-

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please

Page 12

Independent Examiner's Report to the Trustees of Healing Springs Church

I report on the accounts for the year ended 30th September 2021.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required.

examine the accounts under Section 43 of the 1993 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe

DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 22nd December 2021

Page 4

1164426 - HEALING SPRINGS CHURCH

TRUSTEES’ REPORT FOR THE YEAR ENDED 30[th] SEPTEMBER 2021

Healing Springs Church

Annual Accounts

Healing Springs Church

CONTENTS

Healing Springs Church

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Independent Examiner's Report to the Trustees of Healing Springs Church

Basis of the independent examiner's report

Tunji Ogedengbe

Section B Balance sheet

Section C Notes to the accounts (cont)

Note 1 Basis of preparation

1.1 Basis of accounting

1.2 Change in basis of accounting

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional INCOMING RESOURCES

Section C Notes to the accounts (cont)

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Note 12 Creditors and accruals

12.2 Security over assets

Independent Examiner's Report to the Trustees of Healing Springs Church

Basis of the independent examiner's report

Tunji Ogedengbe