## **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
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9
10
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12
13
14
15
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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||