Wellspring Church (Watford)

Analysis

Wellspring Church (Watford) is a registered charity in England and Wales, based in Herts. It was registered in June 2007, 19 years ago. Its declared purposes cover education/training, the prevention or relief of poverty, overseas aid/famine relief and religious activities, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 06208757). It says it provides services.

In the financial year ending March 2025, Wellspring Church (Watford) reported income of £675k and spending of £616k, spending 91% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £488k to £675k (+38%), an average of +8.5% a year. The sharpest change came in the year to March 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Wellspring Church (Watford) sits at the 90th percentile: it is larger than about 90% of them. Against every charity in England and Wales with reported income it ranks in the 92nd percentile. Charities of a similar size with the same main cause include Alte Feiga Trust (£675k), The Sofa Project (£676k) and Coventry Food Network (£674k).

In its latest detailed accounts, income came from donations and legacies 81%, charitable activities 17% and investments 1.9%. Charitable activities took 99% of spending and raising funds 0.5%. Grants to other organisations totalled £42k. Reserves of £187k would cover about 4 months of spending at that rate. It employed 12 people.