Wellspring
To provide and maintain a mivkeh (ritual bath) and associated services.
Latest income
£31k
Latest spending
£12k
Registered
2019
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity is in a development stage with unrestricted reserves of £31,000 at year-end, having received £29,412 in donations and spent £12,133. The trustees note that securing income and maintaining adequate cashflow are key risks as the charity aims to build a physical centre.
What the accounts disclose
Largest income source: Voluntary Donations
“Voluntary Donations 29,412”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three- and six-months’ worth of working capital to cover its operational expenses (held: £31k)
“Wellspring’s reserves policy states that it will aim to ensure that it has between three- and six-months’ worth of working capital to cover its operational expenses.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“Key risks in this development stage include securing income and maintaining adequate cashflow.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Engaging a consultancy, Changing Times Ltd, to produce budgets and projections to inform fundraising.
“Total spending amounted to £12,133, including £9,947 spent on engaging a consultancy, Changing Times Ltd, to produce budgets and projections to inform fundraising.”
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- Susan Ruth Philipchair
- Abigail Bleys
- Cheryl Jeanette BRODIE
- Joseph Gamse
- Joseph Moshe Hyman
- Juliet Simmons
- Rebecca Louise Verlander
- Rev Patrick John Moriarty
- Susan Pearlman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £31k | £12k |
| 31/03/2024 | £3k | £60 |
| 31/03/2023 | £14k | £8k |
| 31/03/2022 | £11k | £9k |
| 31/03/2021 | £2k | £11k |
Common questions
Is Wellspring financially healthy?
Per its FY2025 accounts: The accounts state that the charity is in a development stage with unrestricted reserves of £31,000 at year-end, having received £29,412 in donations and spent £12,133. The trustees note that securing income and maintaining adequate cashflow are key risks as the charity aims to build a physical centre.