## Wellsprings Together 

Charity number 1179481 

Annual Report and Financial Statements 

for the year ended 31 December 2024 




## Wellsprings Together 

Annual Report and Financial Statements for the year ended 31 December 2024 

|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 5|
|Examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 to 15|



**Prepared by West Yorkshire Community Accountancy Service CIO** 

1 



## Wellsprings Together 

## Trustees' report for the year ended 31 December 2024 

## **Reference and administrative details of the charity, its trustees and advisors** 

The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** 

The Rt Revd Dr Toby Howarth Chair Ven William Edward Braviner Chair from 19 June 2025 Lydia Groenewald The Revd Canon Andrew Norman The Revd Canon Denise Poole The Revd Jenny Ramsden The Revd Canon Anne Russell 

Resigned 19 June 2025 Appointed June 2024 Resigned 12 December 2024 Resigned 13 March 2025 

## **Charity number** 

## **Registered and principal address** 

## 1179481 

## **Bankers** 

Registered in England and Wales 

17-19 York Place Unity Trust Bank Leeds Nine Brindleyplace LS1 2EX Birmingham B1 2HB 

## **Independent examiner** 

Simon Bostrom  FCIE Stringer House 34 Lupton Street Leeds LS10 2QW 

## **West Yorkshire Community Accountancy Service CIO** 

## **Structure, governance and management** 

The charity was originally formed as a company limited by guarantee on 20 June 2018 to take over the charitable activities previously undertaken by Wellsprings Together Bradford (registered company 6633154 and charity 1139674) and Faithful Neighbours (registered company 5401165 and charity 110761). It converted to a Foundation CIO on 4 April 2025 and is governed by a constitution. 

2 



## Wellsprings Together 

## Trustees' report (continued) for the year ended 31 December 2024 

## **Method of recruitment and appointment of trustees** 

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM. 

There shall be a maximum of nine trustees, one being nominated by the Church Urban Fund ("the CUF Trustee" ), one nominated by the Leeds Diocesan Board of Finance ("the DBF Trustee" ) and others being appointed by the members. 

Each trustee shall serve a term of five years and may be re-appointed to serve a second term of five years. 

New trustees undergo orientation to brief them on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association, the committee and decision making process, the business plan and the recent financial performance of the Charity. Trustees are introduced to all staff members and other trustees. Trustees are encouraged to attend external training events where these will facilitate the undertaking of their role. 

## **Objectives and activities** 

## **The charity's objects** 

The charity's objects are for the benefit of the public by: 

The relief of need in the community with a view to promoting social inclusion for those excluded or marginalised from society because of social or economic disadvantage; 

The promotion of social cohesion for the benefit of the public in particular by: 

educating the public in Christian and other religious beliefs including an awareness of their distinctive features and their common ground to promote good relations between persons of different faiths; promoting the knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths; 

The promotion of equality and diversity for the public benefit in particular by: promoting activities to foster understanding between people from diverse backgrounds; building relations between people from different backgrounds and cultures; advancing education and raising awareness in equality and diversity; 

To enable churches, Christian organisations, individuals and community groups to influence and shape local and national, social and economic policy through informed individual and collective advocacy; 

To promote the efficiency and effectiveness of Christian charities and charities with similarly based values in the furtherance of their objects or any one of them, mainly but not exclusively by the provision of information, advice, support and infrastructure provision; and 

The furtherance of such other purposes as are exclusively charitable under the laws of England and Wales as the trustees shall from time to time determine. These objects shall be primarily but not exclusively undertaken within the Diocese of Leeds or such other geographical area as the trustees shall from time to time determine. 

## **The charity's main activities** 

Wellsprings Together exists to support faith communities in social engagement, with a particular expertise in parish-based community engagement. We aim to be a resource, adding capacity and expertise to local efforts and work. We work to connect the local to the regional and the national informing and inspiring across these various levels. 

We continue to maintain a close and strategic relationship with the Anglican Diocese of Leeds leveraging the assets and resources of local faith groups for wider public benefit. We want to help nurture and inspire a movement of faith-motivated social action which will enable people and communities to flourish. We want to build access to resources, information and expertise in faith based social action both recognising our own capability but also facilitating and hosting others. 

3 



## Wellsprings Together 

## Trustees' report (continued) for the year ended 31 December 2024 

## **Public benefit statement** 

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit. 

The charity furthers its charitable purpose for the public benefit through equipping, motivating and supporting faith communities as they build community cohesion and tackle social inequality and injustice. 

Wellsprings Together’s theory of change has the following four long term objectives: 

- l Parishes and faith groups have the capacity and empowerment to transform their communities collaboratively and sustainably. 

- l Local communities learn to live together well and experience increased levels of cohesion across differences particularly of faith and ethnicity. 

- l Change agents and leaders embedded in communities bring about the change they want to see. 

- l Decision makers at regional and national levels are informed and inspired about the needs of grassroots communities and the response of faith based social action. 

## **Achievements and performance** 

In 2024 Wellsprings Together continued to empower faith and community groups across West and North Yorkshire, enabling over 90 organisations - including churches -to lead positive change in their neighbourhoods. Our tailored support ranged from mentoring and strategic advice to funding guidance, needs assessments, and data-led community audits. 

Our strategic partnership with the Anglican Diocese of Leeds strengthened parish engagement initiatives, with targeted support helping churches make effective use of our Local Insight Tool providing Community Audits data, secure funding, and maximise the potential of their buildings as community assets. 

Thanks to our trusted relationships with local communities, we successfully supported and brokered 8 large grants from Church Urban Fund via the Near Neighbours programme, enabling community organisations to carry out vital work around cohesion. 

The Places of Welcome West Yorkshire Hub saw rapid growth, expanding from 52 in 2023 to 73 venues at the end of 2024, providing community connection and support. We also celebrated a record 16 CUF grants for new Places of Welcome, each actively encouraging participation from diverse communities. We launched a formal network to support independent cafés and drop-ins and hosted four Learning Community sessions. It’s been a year of deep partnership, grounded in trust, that’s helped strengthen the fabric of our neighbourhoods. 

Our Near Neighbours Catalyst Youth Leadership Programme, delivered in Belle Vue Girls’ School and Immanuel College, engaged 22 Year 11 students, equipping them with leadership skills and the confidence to become change makers. This culminated in an Alumni Programme and a successful Near Neighbours grant that enabled young participants to contribute creatively to Bradford’s Year of Culture celebrations and an invitation to run the programme again in 2025, funding permitting. 

Through our role in the West Yorkshire Health and Care Partnership’s ‘Maximising the Potential of the VCSE’ (Voluntary, Community and Social Enterprise) programme, we administered a second round of grants, supporting 16 grassroots groups tackling health inequalities and enhancing local wellbeing. Our Officer’s appointment as Chair of VCSE Voices further reflects our growing influence and leadership in shaping inclusive policy and addressing health and social disparities. 

The Women in Governance (WIG) programme empowered over 100 women through workshops, mentorship, and training for board roles. Participants described the experience as “transformative”, strengthening women’s leadership across sectors. 

Interfaith work remained central, with strengthened partnerships promoting dialogue and shared purpose across diverse faith communities. 

4 



## Wellsprings Together 

## Trustees' report (continued) for the year ended 31 December 2024 

## **Plans for the Future** 

We are committed to deepening our impact in the year ahead. Key priorities include the recruitment of an additional Parish Development Worker and a Community Engagement Worker to extend our parish-based support into the Wakefield and Huddersfield Episcopal Areas, offering strategic guidance and development planning to churches and faith-based groups. 

We will design and commission a new Youth Leadership and Employability Programme, specifically focused on supporting young people from diverse and economically disadvantaged communities to build skills, confidence and opportunity. 

Wellsprings Together has recently secured a significant grant to employ a Racial Justice Worker—an important new addition to the team. This role will ensure we continue to support churches, parishes, faith-based organisations and communities in addressing racial injustice not only through advocacy, but through intentional, collaborative action. By working alongside people from diverse backgrounds, we will strengthen inclusive leadership and ensure under-represented voices have a seat at the table in shaping responses to inequality. 

We will also continue to build stronger interfaith partnerships, championing community-led solutions and advancing our work in leadership development, equity and cohesion across West Yorkshire and beyond. 

## **Financial review** 

The net expenditure for the year was £81,433, including net expenditure of £22,642 on unrestricted funds and net expenditure of £58,791 on restricted funds after transfers. 

The deficit in restricted funds was planned, and due to grants received in advance of the work taking place. The deficit in unrestricted funds was also planned as we continue to invest in our strategy, to obtain evidence of the effectiveness of our work so as to secure future external funding. 

## **Reserves policy** 

The Trustees have adopted a policy to retain reserves to enable the smooth running of the charity and in anticipation of fluctuating grant income. The level of reserves to be retained is 6 months of budgeted core costs. This policy is reviewed regularly. The Trustees estimate the current appropriate level of reserves to be approximately £80,000 for 2025. 

The charity's free reserves, excluding fixed assets, at the year end were £116,707. 

Funds held above this level are essential for Wellsprings Together as we embed our current business plan and while we seek alternative sources of major core funding. These funds will be used to invest in the development and future sustainability of Wellsprings Together, through employment of development workers and the costs of pilot projects. 

Approved by the board of trustees on 19 June 2025 

Ven William Edward Braviner    (Trustee) 

5 



## Wellsprings Together 

## Independent examiner's report to the trustees of Wellsprings Together 

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 December 2024, which are set out on pages 7 to 15. 

## **Responsibilities and basis of report** 

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the CIO's accounts as 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 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or 

- 3 the accounts 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 accounts to be reached. 

Simon Bostrom FCIE 

8 July 2025 

## **West Yorkshire Community Accountancy Service CIO** 

Stringer House 34 Lupton Street Leeds LS10 2QW 

6 



## Wellsprings Together 

## Statement of Financial Activities 

## (including summary income and expenditure account) for the year ended 31 December 2024 

|Notes<br>2024<br>Unrestricted<br>funds<br>£<br>**Income from:**<br>Grants and donations<br>(2)<br>2,120<br>Other income<br>376<br>**Total income**<br>2,496<br>**Expenditure on:**<br>Salaries, NI and pension<br>(3)<br>19,405<br>Travel expenses<br>855<br>Training and conferences<br>162<br>Grants payable<br>(4)<br>-<br>Other project delivery costs<br>5,214<br>Communications and marketing<br>-<br>Office space<br>-<br>Finance and admin support<br>-<br>Insurance<br>1,502<br>Phone and internet<br>137<br>Other admin costs<br>2,636<br>Bank charges<br>97<br>Independent examination<br>1,050<br>**Total expenditure**<br>31,058<br>**Net income / (expenditure)**<br>(28,562)<br>**Transfers between funds**<br>5,920<br>**Net movement in funds**<br>(22,642)<br>**Fund balances brought forward**<br>139,349<br>**Fund balances carried forward**<br>(5)<br>116,707|2024<br>Restricted<br>funds<br>£<br>96,678<br>-<br>96,678<br>80,150<br>746<br>-<br>41,300<br>8,568<br>-<br>10,800<br>7,920<br>-<br>-<br>65<br>-<br>-<br>149,549<br>(52,871)<br>(5,920)<br>(58,791)<br>83,478<br>24,687|2024<br>Total<br>funds<br>£<br>98,798<br>376<br>99,174<br>99,555<br>1,601<br>162<br>41,300<br>13,782<br>-<br>10,800<br>7,920<br>1,502<br>137<br>2,701<br>97<br>1,050<br>180,607<br>(81,433)<br>-<br>(81,433)<br>222,827<br>141,394|2023<br>Total<br>funds<br>£<br>226,425<br>-<br>226,425<br>106,316<br>2,817<br>679<br>49,550<br>17,490<br>954<br>10,800<br>7,920<br>1,453<br>153<br>1,152<br>98<br>1,050<br>200,432<br>25,993<br>-<br>25,993<br>196,834<br>222,827|
|---|---|---|---|



All incoming resources and resources expended derive from continuing activities. 

7 



## Wellsprings Together 

## Balance sheet 

|as at 31 December 2024<br>2024<br>Unrestricted<br>£<br>**Current assets**<br>Debtors and prepayments<br>(6)<br>2,270<br>Cash at bank<br>115,609<br>**Total current assets**<br>117,879<br>**Current liabilities:**<br>**amounts falling due within one year**<br>Creditors and accruals<br>(7)<br>1,172<br>**Total current liabilities**<br>1,172<br>**Net current assets / (liabilities)**<br>116,707<br>**Net assets**<br>116,707<br>**Funds**<br>Unrestricted funds<br>116,707<br>Restricted funds<br>-<br>**Total funds**<br>116,707|2024<br>Restricted<br>£<br>11,059<br>23,395<br>34,454<br>9,767<br>9,767<br>24,687<br>24,687<br>-<br>24,687<br>24,687|2024<br>Total<br>£<br>13,329<br>139,004<br>152,333<br>10,939<br>10,939<br>141,394<br>141,394<br>116,707<br>24,687<br>141,394|2023<br>Total<br>£<br>45,929<br>196,845<br>242,774<br>19,947<br>19,947<br>222,827<br>222,827<br>139,349<br>83,478<br>222,827|
|---|---|---|---|



The financial statements were approved by the board of trustees on 19 June 2025 

Ven William Edward Braviner     (Trustee) 

8 



## Wellsprings Together 

## Notes to the accounts 

for the year ended 31 December 2024 

## **1 Accounting policies** 

## **Basis of accounting** 

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011. 

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. 

No changes have been made to the accounts for previous years. 

## **Going concern** 

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue. 

## **Incoming resources** 

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability. 

## **Grants and donations** 

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance. 

Donated goods for resale are valued at the amount actually realised upon their sale. 

Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity. 

## **Expenditure and liabilities** 

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty. 

## **Grants payable 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** 

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. 

## **Taxation** 

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. 

9 



## Wellsprings Together 

## Notes to the accounts 

for the year ended 31 December 2024 

## **1 Accounting policies continued** 

## **Tangible fixed assets** 

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Project and office equipment: over 3 years 

## **Pensions** 

The charity operates a defined contribution scheme for the benefit of its employees.  The costs of contributions are recognised in the year they are payable. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. 

Further explanation of the nature and purpose of each fund is included in the notes to the accounts. 

## **Leases** 

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty. 

10 



## Wellsprings Together 

## Notes to the accounts continued 

## for the year ended 31 December 2024 

|**2 Grants and donations**<br>Church Urban Fund<br>Church Urban Fund (Near Neighbours)<br>Leeds Diocesan Board of Finance (LDBF)<br>Liz and Terry Bramall Foundation<br>VCS Alliance<br>Leeds Community Foundation (LCF)<br>Network for Social Change<br>Sir George Martin Trust<br>Bradford Cathedral<br>W Yorks Health & Care P/ship<br>Other donations<br>**3 Staff costs and numbers**<br>Gross salaries<br>Social security costs<br>Employment allowance<br>Pensions|2024<br>Unrestricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>2,120<br>2,120|2024<br>Restricted<br>funds<br>£<br>7,200<br>11,545<br>44,433<br>5,000<br>28,500<br>-<br>-<br>-<br>-<br>-<br>-<br>96,678|2024<br>Total<br>funds<br>£<br>7,200<br>11,545<br>44,433<br>5,000<br>28,500<br>-<br>-<br>-<br>-<br>-<br>2,120<br>98,798<br>2024<br>£<br>92,060<br>7,293<br>(5,000)<br>5,202<br>99,555|2023<br>Total<br>funds<br>£<br>1,000<br>34,080<br>43,326<br>5,000<br>-<br>6,648<br>10,000<br>5,000<br>1,000<br>120,000<br>371<br>226,425<br>2023<br>£<br>97,891<br>7,850<br>(4,995)<br>5,570<br>106,316|
|---|---|---|---|---|



The average number of employees during the year was 4.3, being an average of 2.7 full time equivalent (2023: 4.6, 2.9 FTE).  There were no employees with emoluments above £60,000. 

|**Defined contribution pension scheme**|2024|2023|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|5,202|5,570|
|Amount of any contributions outstanding at the year end|496|987|
|Amount of any contributions prepaid at the year end|-|-|



11 



## Wellsprings Together 

## Notes to the accounts continued 

## for the year ended 31 December 2024 

|**4 Grant making**<br>**Project or activity**<br>**West Yorks Health & Care Partnership Resilience fund programme**<br>Association of Blind Asians<br>BEAP Community Partnership<br>Beneficience<br>Black Health Forum<br>Clare Hill Centre<br>Harehills Action<br>Inspire Support Sports Empower (ISSE)<br>Leeds Black Elders<br>Leeds Caribbean and African Centre<br>Leeds Dads<br>Mums on a Mission<br>Ravensthorpe Community Association<br>St Luke's Cares<br>Verd De Gris Arts<br>Women Arise<br>Women's Activity Centre<br>Anchor Project<br>Batley Sporting Foundation<br>Damasq<br>Dotty Print<br>Give a Gift<br>NAFS Fitness<br>Sunnah Sports Community CIC<br>The Friendship Circle<br>Yorkshire Wellbeing Skills Group<br>Child's Play Café West Nursery<br>One Ummah CIC<br>ZA Community<br>Happy Healthy You<br>Muslim Women's Council<br>Black Health Initiative<br>**LCF Communities in Crisis funding programme**<br>St Stephen and St Agnes Burmantofts<br>St Peter's Bramley<br>Leeds Minster<br>St John and St Barnabas Belle Isle<br>St Philip's Osmondthorpe<br>St James' Seacroft<br>St Augustine's Wrangthorn<br>St Paul's Ireland Wood<br>St Peter's Morley<br>St Peter's Shipley<br>Total<br>-<br>-|2024<br>£<br>3,000<br>3,000<br>2,000<br>800<br>3,000<br>3,000<br>3,000<br>3,000<br>700<br>2,800<br>3,000<br>2,000<br>3,000<br>3,000<br>3,000<br>3,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>41,300|2023<br>£<br>-<br>-<br>-<br>1,500<br>-<br>-<br>-<br>-<br>2,300<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>3,000<br>2,940<br>2,000<br>3,000<br>3,000<br>3,000<br>3,000<br>3,000<br>3,000<br>3,000<br>2,700<br>2,960<br>2,400<br>2,750<br>3,000<br>300<br>300<br>300<br>300<br>300<br>300<br>300<br>300<br>300<br>300<br>49,550|
|---|---|---|



## **Purpose of the grant making activities** 

West Yorks Health & Care Partnership Resilience fund programme 

A grants programme to address resilience of small faith and community groups addressing health inequalities. 

LCF Communities in Crisis funding programme 

A grants programme for the purpose of supporting warm spaces and community cafes including joining the Places of Welcome Network. 

12 



## Wellsprings Together 

## Notes to the accounts continued 

## for the year ended 31 December 2024 

|**5 Restricted funds**<br>LDBF salaries<br>LDBF Office and admin<br>W Yorks Health & Care P/ship<br>W Yorks Health & Care P/ship<br>Network for Social Change<br>VCS Alliance<br>Near Neighbours 2023/24<br>Church Urban Fund Catalyst<br>Liz and Terry Bramall Foundn.<br>Near Neighbours 2024/25|Balance b/f<br>£<br>-<br>-<br>6,490<br>54,009<br>1,950<br>-<br>21,029<br>-<br>-<br>-<br>83,478|Incoming<br>£<br>25,713<br>18,720<br>-<br>-<br>-<br>28,500<br>-<br>7,200<br>5,000<br>11,545<br>96,678|Outgoing<br>£<br>25,713<br>18,720<br>-<br>48,359<br>1,950<br>20,258<br>15,109<br>5,400<br>5,000<br>9,040<br>149,549|Transfers<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>(5,920)<br>-<br>-<br>-<br>(5,920)|Balance c/f<br>£<br>-<br>-<br>6,490<br>5,650<br>-<br>8,242<br>-<br>1,800<br>-<br>2,505<br>24,687|
|---|---|---|---|---|---|



## **Fund name** 

LDBF salaries LDBF Office and admin W Yorks Health & Care P/ship 

W Yorks Health & Care P/ship 

Network for Social Change VCS Alliance 

Near Neighbours 2023/24 

Church Urban Fund Catalyst Liz and Terry Bramall Foundn. Near Neighbours 2024/25 

## **Purpose of restriction** 

Funding towards salary costs. 

Funding towards office space, finance and admin support. 

For managing the reimbursement of the West Yorkshire VCSE Voices Group. 

For the administration of a grants programme to address resilience of small faith and community groups addressing health inequalities. 

For the purpose of a faith and community leaders retreat to Iona. Bradford project which aims to diversify board representation within all sectors and governance structures. 

For the coordination of social integration activities, additional places of welcome and events costs. 

Towards the delivery of youth leadership programme in schools. Work to coordinate faith based efforts to address poverty in Bradford. Towards the coordination of social integration activities within the Near Neighbours programme, including Places of Welcome. 

|**6 Debtors and prepayments**<br>Prepayments<br>Accrued income<br>Taxation and social security<br>**7 Creditors and accruals**<br>Accruals for grants payable<br>Accruals<br>Other creditors|2024<br>£<br>1,502<br>11,545<br>282<br>13,329<br>2024<br>£<br>-<br>10,443<br>496<br>10,939|2023<br>£<br>1,489<br>44,440<br>-<br>45,929<br>2023<br>£<br>17,910<br>1,050<br>987<br>19,947|
|---|---|---|



13 



## Wellsprings Together 

## Notes to the accounts continued 

## for the year ended 31 December 2024 

## **8 Related party transactions** 

## **Trustee expenses** 

No trustee received any expenses during this year or the previous year. 

## **Trustee remuneration and benefits** 

No trustee received any remuneration or benefit during this or the previous year. 

## **Remuneration and benefits received by key management personnel** 

The total employee benefits received by key management personnel were £36,593 (previous year: £33,963). 

14 



## Wellsprings Together 

## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2024 

|2024<br>2023<br>Unrestricted Unrestricted<br>funds<br>funds<br>£<br>£<br>**Income**<br>Grants and donations<br>2,120<br>1,371<br>Other income<br>376<br>-<br>**Total income**<br>2,496<br>1,371<br>**Expenditure**<br>Salaries, NI and pension<br>19,405<br>39,065<br>Travel expenses<br>855<br>1,342<br>Training and conferences<br>162<br>679<br>Grants payable<br>-<br>-<br>Other project delivery costs<br>5,214<br>5,557<br>Communications and marketing<br>-<br>720<br>Office space<br>-<br>-<br>Finance and admin support<br>-<br>-<br>Insurance<br>1,502<br>1,453<br>Phone and internet<br>137<br>141<br>Other admin costs<br>2,636<br>1,126<br>Bank charges<br>97<br>98<br>Independent examination<br>1,050<br>1,050<br>**Total expenditure**<br>31,058<br>51,231<br>**Net income / (expenditure)**<br>(28,562)<br>(49,860)<br>**Transfers between funds**<br>5,920<br>8,254<br>**Net movement in funds**<br>(22,642)<br>(41,606)<br>**Fund balances brought forward**<br>139,349<br>180,955<br>**Fund balances carried forward**<br>116,707<br>139,349|2024<br>Restricted<br>funds<br>£<br>96,678<br>-<br>96,678<br>80,150<br>746<br>-<br>41,300<br>8,568<br>-<br>10,800<br>7,920<br>-<br>-<br>65<br>-<br>-<br>149,549<br>(52,871)<br>(5,920)<br>(58,791)<br>83,478<br>24,687|2023<br>Restricted<br>funds<br>£<br>225,054<br>-<br>225,054<br>67,251<br>1,475<br>-<br>49,550<br>11,933<br>234<br>10,800<br>7,920<br>-<br>12<br>26<br>-<br>-<br>149,201<br>75,853<br>(8,254)<br>67,599<br>15,879<br>83,478|2024<br>Total<br>funds<br>£<br>98,798<br>376<br>99,174<br>99,555<br>1,601<br>162<br>41,300<br>13,782<br>-<br>10,800<br>7,920<br>1,502<br>137<br>2,701<br>97<br>1,050<br>180,607<br>(81,433)<br>-<br>(81,433)<br>222,827<br>141,394|2023<br>Total<br>funds<br>£<br>226,425<br>-<br>226,425<br>106,316<br>2,817<br>679<br>49,550<br>17,490<br>954<br>10,800<br>7,920<br>1,453<br>153<br>1,152<br>98<br>1,050<br>200,432<br>25,993<br>-<br>25,993<br>196,834<br>222,827|
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