Charity number: 1189993 Wellsprlng of Joy Internatlonal Mln15try IA Re8lStered CIO- Foundatlonl TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
WELLSPRING OF Joy IKfERNATIONAL MINISTRY {A Registered CIO- Foundation) copirENTS Page Reference and Admlnistrative Detalls of the Charity,Its Trustees and Advisors Trustees, Report Independent Examinerfs Report Statement of Financlal Activities Balance sheet Notes to the Accounts
WELLSPRING OF JOY INTERNATIONAL MINISTRY IA Registered CIO- Foundatlonl REFERENCE AND ADMINISTRATIVE DEfAILS OFTHE CHARrrY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 MAY 2024 Trustees Mr Job Macharia Chege Ms Juliah Maingi Ms Catherine Githu Charlty registered number 1189993 Registered office Room 26 Koco bullding Unlt 15 The Arches Coventry CVI 31Q Bankers Barclays Bank I Churchil Place London E145HP Accountants Tom Bora Management Accountants Ltd Chartered Management Accountants 111 Watling Gate I 297-303 Edgware Road London NW9 6NB Page I
WELiSPRINfj OF JOY INfERNATlOt4AL MINISTRY IA Reglstered CIO. Foundatlonl TRVSTEES'S REPORT FOR THE YEAR ENDED 31 MAY 2024 The Tru5tee5 ènd Managernent commlttee presentthelr reportIcgetherth the 3£covnts of the charfty for the vear ended 31 May 2024 PRINCIPAL AcnviTY The oblectl* of the CIO Is for the benefitof the publ1¢. To •d¥ance the Chrt5b3n Faith in accordance wtn the stitement of bellef5 bythe holdln8of prayer meetlngs, kctyre5. public cel2brètion of fftllglous festrials. pr¢du¢in8 ènd lor dtr1JtIoK Ilttrature on thrlstia.ryity to enllghten others abour the chri5tlan faith as the trustees frorn to rnaythlnkllt. ACWIEVEMENT& peRFQRMAN The thurch contlnues ta 8aU8e It's perforrnan¢e by lookin8 atthe numbers of conslstent and regular thurc attendance, thi5 ha5 contlnued ro grow and In many fa5es we have many peDple come to church hovlng been recommendec by PErsons who have elther attentted sn person or have been rElfered by prevlou5 attendee8 In the past yearwe ho¥t had varlous cllnlcs to help new rnigrantstoswn PO#them tovarlous 8ovemment ensurlnf thai they are 1nte8rated.nro the UK system e451ty. We h3ve wThtlnued wbth tyJrvark)u5 3Ctlv'.tles tar8e:InE thp Ivuth. th• youn8 adults and rnarrled couples, these Bctfvitles ar 2imed al meetlngvarlous peoplè at dlfferent stages olneed FINANCIAL REVIEW The church has stlll not gotten pawmanert home •nd weare Alll 5hopplDifor premises that would becalled home We do nave enou8Y monly In our reserves to pay for3 depostt and thls has been approved by the thurth, what Is remalnln6 Is tQ8et the rl8ht pr£mlx5. Also, the mort848e interest rni¢s have been qulte hh and we hopE that this will come dgwn The ¢hurch has£onllnuedto b•n•fit Immensely from the81ft ald scherne, In the l•st on• year the church recelved £7.316.73 whlleln the preYk)us year we recelved £22,698 8lvln8a Wt•l of E30,QJ5 an amount whkh h•5 bpen very Ingtrurnenia In carrylns out our •rtlvltles, MAMAfjEMENT COMMITTEE The rn¥na8ement commlttee rnembers ol lh• chorny In offi¢e dudn8 ihe arwere Is follows-. Treasurer Mr lob M4th•ria Che8¢ M$ Jyliah Main81 Ms Catherine Glthu Tru#ee STATEMENT OF TRU5fEES AND MANAfjeMENT COMMrrrEE'S RESPONSIBIUTIES The charl1$ Act 1993 requ15 tho trusieos 10 prepare a 513ternen¢ of ac¢ounts lor each flnand•l ye)r whlch a true and falr eW of Ihe state of affairs olthetbadty ai the end ol thE flnanclal year and ol the resource5 of the charlty for the perfod. In prepadn8 thes ac¢ounrs, the tru51ee5 are expeffl¢d ip.. 5elert 54ltable ètcounting pdides and apptyihem conslstentty.. make ludgemenrs and estimates ¢hat a re450ntye and pruLlent' statp whelher applicablE accountin8 Standards and 5taiernents of recommended practlsf have bEen followed. Subject to any rnaterialdepartus disclosed and eypkined in the statement of accounts., ènd PreFre the aCtnIS on the 8olngconcern basis unless11 I Inapproprlate to presume thai the charlty wlll continue in operatlon. The trustees are responslble for keepan8 pvgper accouniit)g records which dlxw with reasonable accurzry ai anytlrne th¢ finantlal poSitft of thecharty and to enable the tDensure that the accountt complywith the regulatlon under 542 01 the tharifje5 Art 1993. They arealso responsible for 58tÈ8uardln8 the asset5 of the charlty and hencetor tskln¥ reasonablesteps forthe PentiL>n and detertion of error, fraud and otherlrrewlartties. ON BEHALF OF TRUSTEES AND MANAGEMENTCOMMrrrEE: Ms luliah Maln PL151t.on Date Page 2
WELLSPRING OFJOY INTERNATIONAL MINISTRY {A Reglstered CIO- Foundation) INDEPENDEMf EXAMINER'S REPORTTOTHE MEMBERS OF WELLSPRING OFJOY INTERNATIONAL We report on the accounts of Wellspring of Joy Internatlonal for the yÈar ended 31 May 2024 Respectlve re5ponslbllitles oltrueeS and examlner The trustees are responsible for the preparatlon of the accounts. The charlty's trustees consider that an audlt is not required for this year un(ler sectlon 144121 of the charlties Act 2011 and that an Independent examinatlon is needed. Havln8 been satisflèd that the charity is not subject to audit under company law and Is eli8lble for Independent examlnatlon, It Is my responslblllty to: Examlné the accounts under section 145 of the 2011 Act To follow the procedures lald down In General Dlrectlon glven by the Charlty ccmmlsslon under sect5on 145lSllbl of the 2011 Art and To state whether particular matters have Come to my attentlon. My eKamSnatlon was carrled out In accordance wlth General Dlrectlons glven by the Charlty Commlssion. An examinatSon Sncludes a review of the accountlng records kept by the charlty and a comparison of the accounts presented with those records.lt also includes consideration of any unusual items or dlsclosures In the accounts and seeking explanation from you as trustees concernln8 any such matters. The procedures undertaken do not provlde all the evldence that would be requlred in an audit and consequently no oplnlonls glven as to whether the accounts presont a 'true and falr vlew, and report Is limted to those matters set out In the statement below. Independent examlner's statement In connectlon wlth our examlnation, no matter has come to our attention: 111 Which glves us rÈa50nable cause to believe that In any material respert the requirements., {alto keep accountlng records In accordance with Sectlon 130 of the Charlties Act and Iblto prepare accounts whlch accord with the accountlng records and comply with accountlng requirements of theArt have not been met 12lto which in our opinion, attention should be drawn in order to enable a proper understandlng of the atcounts to be reached. MrTorn Bora CGMAACMA Tom Bora ManagementAccountants Ltd Date: 05 July 2024 Page 3
WELLSPRING OF JOV INTERNATIONAL IA RÈglstered CIO- Foundatlonl STATEMENT OF FINANCIAL A1V[Es IINCORPOFiAIING INCOME AND ExpENDURE AccouKrl FOR THEYEAR ENDED 31 MAY 2024 OFA. INCOME Donation5. Tlthe & Offerlng5 HMRC- fjlft Aid 60.9)7 7.317 60,907 66,476,35 7,317 22,698,LTr) Total Income 68.224 68,224 89,174 EXPENDITURE Charltablo ActlYttle5: Accounting Fees Oepreriation Consultancy Honororlum Equlpment Legal Fees Rent Loan repayment Telephone Other$ Activities LIS0 L625 I,Iso 1.625 2,700.00 1,625,00 4,101 4.101 395.00 7,443.00 12,2Th).00 420.00 18,256.00 50,095.72 8.155.Tr) 8,155 505 3,517 51.295 505 3,517 51,295 TOTAL EXPENDITURE 73.228 73,228 93.135.LKI Net Movement in funds 15,0041 3,961.00 Re¢oncllllatlDn of lund5: Total Funds brou8ht forward Net movement In funds 59.90) S9,900 5,004 63,860.0 3,960 Total funds carried foNard 54,896 54,896 59,900 Approved.. Ms lullah Malngi- Chalr of Trustees Dated- AUTHORISATION l understand that when l advise Mr T Bora ol Tom Bora Management At¢ouniant5 Ltd, that I have approved this copy, he will be entitled to submit We115pring of Joy Internatlonal finanoal returns lor amended retum51 informatlon usingthe regulatory online SeteS. SIKned: Ms Juliah Maing Dated: 110 Page 4
WELLSPRING OF JOY INTERNATIONAL IA Registered CIO. Foundationl REGISTERED NUMBER.. 1189993 BALANCE SHEET AS AT 31 MAY 2024 2024 Total 2023 Total Noté Axed Aets. Tanglble Fixed Assets 75 1,700 Current Assets:_ Debtor5 Bank & Cash In Hand 55,421 58,800 Totsl Current Assets 55,421 58,800.00 Cr•dltors:amounts falllng duewlthln one year 16LN)I 16001 Net Current Assets 54,821 $8,200.00 Net A5set5 54,897 59.900.00 FUNDS Unrestrlcted Funds Re5trlcted fund5 Totol Funds 54,897 59,900. 54,897 59.900. The Trustees acknowled8e thelr responslbllltle5 for comptyln8 wtth requlrements of the Act wlth respect to accounting records and preparatlon of financlal slatements. The flnanclal statements have been prepared In accordance wlth the provlslons applicable to entltles subject to the sm411 companies regirne. No rnemberlsl have requSred the company to obtaln an audst of Its accounts for the year ended 31 May 2022 in ai¢ordaDce with section 476 of the companies A¢1 2006. The flnanclal statements were approved and authDrfsed for Issue by the Trustees on........ . 5Sgned on their behalf by.. Ms Juliah Maingi The notes on page5 6 forrn part of these financial statements. Page 5
WELLSPRING OF Joy INfERNATIONAL IA Regl$tered Ch)rltyl NOTES TO THE ACCOUNT5 FOR THE YEAR ENDED 31 MAY2024 ACCQLINTING PQLIQES 1.1 Basls of accountlng These accaunt5 have been prepared on the basls of hlstorical cost In accoféance with 'Accountins and Reportlng by thèritSes. Ststernent of Recommended Practice ISORP 20051 and with Accountlng Standards.. and wrth the Charlues Act J993. 1.2 Change In bas15 of accoun8 These ha5 been no thange tothe accountln8 pollcieslvaluatlon rule5 and methods of accountln slnce last year. 1.3 Changes to preOul attounts Thls Is the thlrd year of Rwsreratlon 1.4 Incomlng Resources Incomln8 Resources representBrants. awards. donatlons, 5elf-8erated Income due In the year I,S Tan4lble Flxed Ass*ts Tanglble assets are Ineluded at C05t less depreclatlon and Impalmient. Depreclatlon has beer provlded at Muslc Equlpment 2$% Income 2024 2023 Unr•stylc Rtt• d Income fvnds fund5 Tilhe & Offerin8S HMRC Gift Aid 60,907 7,317 66,476 22,698 Totsl 68,224 89,174 2024 2023 Accrued Expense5- Independent Examination Loans Total 6CQ 600 BAN Current Account Cash in Har)d 55,d21 58.8 55.421 58,8 TaTrble Assets Cost or Valuoiion Muslr EquSp. Total At Cost 6,5tK>.00 at l June 2023 Addltions 6.500.O) 6.0.(> fj,50D.(XJ Depreclatl¢Jn As at l June 2023 Charge for the year 4,8.LI 1,625.tyJ 6.425.00 4,800.00 1,625. 6,425.00 Net Book Valu• A5 at 31 May 2024 As 8t31 May 2023 75.LK> 1,7(K>.(iO 75. 1,700.00 Page 6