1164426 - HEALING SPRINGS CHURCH
TRUSTEES’ REPORT FOR THE YEAR ENDED 30[th] SEPTEMBER 2023
Our vision is to be a loving and vibrant church where people from all nations are raised to be true disciples of Jesus: full of faith, rooted in love and focused on truth (sound doctrine).
The church continues to employ its founding pastor in a full-time salaried position. We consider that a pastor fully dedicated to the work of the ministry will be more effective in delivering our main objective of ‘Advancing the Christian Faith’.
Members are being supported in our mission of ‘equipping believers to live victoriously’ through the propagation of the truth (sound doctrine) of God’s Word and the ministry of the Holy Spirit. The church is committed to being a strong fellowship of people from all nations: where adults, youth and children are well supported in their spiritual growth.
We are recovering from the negative impact of the COVID-19 pandemic and the associated effects of social distancing on church life. We have resumed all our physical church meetings and they are beginning to flourish again. Our financial income has recovered slightly this year and we are coping better with our increased expenses. We hope for greater increase in income for the new financial year as church attendance/engagement improves and more new members join the church. We are gaining momentum and hope to achieve better results in the new financial year.
We continue to run a discipleship course for members, as we seek to build them in the fundamental principles of true Christianity. The course is aimed at helping new members become well-established in the faith and develop spiritual maturity, so that they can be more fruitful in godly character and the works of righteousness. We have also been supporting network evangelism missions within the local community of Basingstoke.
Our regular activities include Worship, Bible Study, Prayer, Discipleship, Evangelism and Giving. We devote our resources to preaching, teaching, mentoring, counselling, visitation, welfare, missions, donations and other charitable activities.
The church continues to maintain 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 and to disciple many true believers in Christ 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 all our members and friends who commit to faithful tithing and generous giving to our church. Your faithfulness in 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 in the Lord 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 31 January 2024
Charity no 1164426
Healing Springs Church
Annual Accounts
1st October 2022 - 30th September 2023
Prepared by DTT Consultancy Ltd
Healing Springs Church
CONTENTS
| 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 2023
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 2023.
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: 04th December 2023
Page 4
Healing Springs Church
| Healing Springs Church | Healing Springs Church | 1164426 | |
|---|---|---|---|
| Annual accounts for the period | |||
| Period start date | 1st Oct 22 | 30th Sep 23 |
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 |
Unrestricted funds Total this year Total last year £ £ £ F01 F04 F05 |
Unrestricted funds Total this year Total last year £ £ £ F01 F04 F05 |
|---|---|---|---|
| - | - | - | |
| 56,594 | 56,594 | 47,713 | |
| - | - | - | |
| - | - | - | |
| - | - | - | |
| - | - | - | |
| 56,594 | 56,594 | 47,713 | |
| - | - | - | |
| 56,172 | 56,172 | 57,520 | |
| - | - | - | |
| - | - | - | |
| 1,850 | 1,850 | 2,100 | |
| - | - | - | |
| - | - | - | |
| 58,022 | 58,022 | 59,620 | |
| 1,428 - |
1,428 - |
11,907 - |
|
| - | - | - | |
| 1,428 - |
1,428 - |
11,907 - |
|
| - | - | - | |
| - | - | - | |
| 1,428 - |
1,428 - |
11,907 - |
|
| 16,039 | 16,039 | 27,946 | |
| 14,611 | 14,611 | 16,039 |
Page 5
Section B Balance sheet
| Note Unrestricted funds £ Fixed assets F01 Tangible assets (Note 9) B01 - B02 - Investments (Note 10) B03 - Total fixed assets B04 - Current assets Stock and work in progress B05 - Debtors (Note 11) B06 - (Short term) investments B07 - Cash at bank and in hand B08 14,861 Total current assets B09 14,861 Creditors: amounts falling due within one year (Note 12) B10 250 Net current assets/(liabilities) B11 14,611 Total assets less current liabilities B12 14,611 Creditors: amounts falling due after one year (Note 13) B13 - Provisions for liabilities and charges B14 - Net assets B15 14,611 Funds of the Charity Unrestricted funds B16 14,611 Prior Year Adjustment B17 Restricted income funds (Note 14) B18 Endowment funds(Note 15) B19 Total funds B20 14,611 Signed by Signature |
Note Unrestricted funds £ Fixed assets F01 Tangible assets (Note 9) B01 - B02 - Investments (Note 10) B03 - Total fixed assets B04 - Current assets Stock and work in progress B05 - Debtors (Note 11) B06 - (Short term) investments B07 - Cash at bank and in hand B08 14,861 Total current assets B09 14,861 Creditors: amounts falling due within one year (Note 12) B10 250 Net current assets/(liabilities) B11 14,611 Total assets less current liabilities B12 14,611 Creditors: amounts falling due after one year (Note 13) B13 - Provisions for liabilities and charges B14 - Net assets B15 14,611 Funds of the Charity Unrestricted funds B16 14,611 Prior Year Adjustment B17 Restricted income funds (Note 14) B18 Endowment funds(Note 15) B19 Total funds B20 14,611 Signed by Signature |
Unrestricted funds £ F01 |
Total this year Total last year £ £ F04 F05 |
Total this year Total last year £ £ F04 F05 |
|---|---|---|---|---|
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| 14,861 | 14,861 | 16,289 | ||
| 14,861 | 14,861 | 16,289 | ||
| 250 | 250 | 250 | ||
| 14,611 | 14,611 | 16,039 | ||
| 14,611 | 14,611 | 16,039 | ||
| - | - | - | ||
| - | - | - | ||
| 14,611 | 14,611 | 16,039 | ||
| 14,611 | 14,611 | 16,039 | ||
| - | - | |||
| - | - | |||
| - | - | |||
| 14,611 | 14,611 | 16,039 | ||
| Signature | Print Name | Date of approval | ||
| DR BEN AWOSEYILA |
04/12/2023 | |||
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*
or
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)
Note 3 Analysis of incoming resources Incoming resources may be further analysed if this would help the reader of the accounts.
| Activities for generating funds Investment income Incoming resources from charitable activities Voluntary income |
This year Last year £ £ Analysis |
This year Last year £ £ Analysis |
This year Last year £ £ Analysis |
|---|---|---|---|
| Tithes and Offerings | 56,594 | 47,713 | |
| Total | 56,594 | 47,713 | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| 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.
| Costs of generating voluntary income Governance costs Investment management costs Fundraising trading costs Charitable activities |
This year Last year £ £ Analysis |
This year Last year £ £ Analysis |
This year Last year £ £ Analysis |
|---|---|---|---|
| Honourarium | 800 | 900 | |
| Wages & Salaries | 41,038 | 41,917 | |
| Pension | 2,537 | 2,538 | |
| Rent | 7,382 | 6,872 | |
| Training | 89 | 520 | |
| Hospitality | 836 | 405 | |
| Office expenditure | 203 | 213 | |
| Multimedia | 358 | 331 | |
| Insurance | 246 | 237 | |
| Travel | 510 | 507 | |
| Conference | - | 382 | |
| Equipment/Furniture | 792 | 1,310 | |
| Publicityand Website | 434 | 345 | |
| Accountancyfees | 250 | 250 | |
| Payrollprocessingfee | 478 | 466 | |
| HolyCommunion | 218 | 327 | |
| Total | 56,172 | 57,520 | |
| - | - | ||
| - | - |
||
| - | - |
||
| - | - |
||
| - | - | ||
| Total | - | - | |
| - | - |
||
| - | - |
||
| - | - |
||
| Total | - | - | |
| Gifts & Donation | 850 | 100 | |
| Welfare | 1,000 | 2,000 | |
| Total | 1,850 | 2,100 | |
| - | - | ||
| - | - | ||
| - | - | ||
| 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 made
| 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.
| Please complete this note if the charity has any | debtors or prepayments. | debtors or prepayments. | ||
|---|---|---|---|---|
| Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Other debtors Prepayments and accrued income Total |
Amounts falling due within | 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
| 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 within | Amounts falling due after more | 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 2023.
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: 04th December 2023
Page 4