Trustees’ Annual Report for the period
From 1[st] December 2019 To 30[th] November 2020
Charity name: Grace Springs Network
Charity registration number: 1110945
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | 1. The advancement of the Christian religion. 2. Promotion of any charitable purposes for the benefit of the community. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
1. Bible study classes 2. Relief activities 3. Teaching and preaching seminars 4. Publication of magazine and literature |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Our main activities and who we are trying to help include • Those seeking direction and purpose in life through an exploration of the Christian faith • Those who can benefit from advice and counselling activities • Those suffering from stress, depression, loss or anxiety |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | • Preaching and teaching in churches • Publication of magazine and resources • Organising seminars and group meetings • One-to-one help and discipleship |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity’s accounts for the period December 2019 to November 2020 were reviewed and approved on 26th September 2021. Total income was £287,107 and total expenditure was £215,172. The income comprised mostly donations from individuals and the funds were used in implementing the objectives of the charity. The charity obtained a coronavirus bounced back loan of £50,000 in anticipation of any shortfall in income due to uncertainties of the pandemic. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity does not have a reserves policy. |
| Amount of reserves held | Para 1.22 | Funds that were not allocated were reported as reserves on the balance sheet. The bank balance at the end of the reporting period was £114,790. |
| Reasons for holding zero reserves |
Para 1.22 | The charity depends on donations to fund its activities. Only funded projects are executed. |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None foreseen. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Memorandum and Articles Incorporated |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Company limited by guarantee |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointed by trustees |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Grace Springs Network |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1110945 |
| Charity’s principal address | PO Box 837 Edgware Middlesex HA8 4TZ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Olabode Awogbade | ||||
| Ayotunde Jones | 26 April 2020 | |||
| Gloria Olorunshola | 10 October 2020 | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Olabode Awogbade | ||
Trustee |
||
| 26.09.2021 | ||
| 26.09.2021 |