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2021-12-31-accounts

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The Saints’ Projects Trust

‘To advance the Christian faith and relieve poverty’

Trustees’ Annual Report for year ended 31 December 2021

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Contents

Legal and Administrative Information …………………………………………………………………………. 3 Structure, Government, Management ……………………………………………………….………………..… 5 Examiner’s Report ………………………………………………………………………………………………………. 8 Financial Report …………………………………………………………………………………………….….………… 9

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Legal and Administrative Information

Charity Address

The Saints’ Projects Trust

97 Warren Close

Cambridge CB2 1LE

Charity Number

1115724

Other Contact Information

Phone: 07735 393151

Email: hello@saintsprojectstrust.org Website: www.saintsprojectstrust.org

Governing Document

The Saints’ Projects Trust was established on 20 July 2006.

Coordinators

Sampson Okyere, International Coordinator, Ghana

Bharat Bhattari, Deputy International Coordinator, Nepal

Employees

Caleb Howard, CEO

Patrons

Lord Alton of Liverpool

Rt Rev Dr Christopher Cocksworth

Daniel Hodson

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Trustees

Rev Mark Mills-Powell (chair)

Rev Dr Richard Higginson

Rev Daniel Foot Rev Andrew Wadsworth LingLing Parnin Rev Tim Mills

Rev Michael John Smith Ade Ademola (resigned 15 September 2022) Paul Peters (resigned 25 September 2022) Rachel Mills-Powell (resigned 13 September 2022) Obiageliaku Rocque (joined 07 December 2021) Ully-Lange Orobor (joined 07 December 2021) Danielle Griffiths (joined 13 September 2022)

Bankers

NatWest Bank RationalFX 21 Petty Cury One Canada Square, 32[nd] Floor Cambridge CB2 3NE London E14 5AB

Independent Examiner

Tim Richardson

8 Emsons Close

Linton

Cambridge CB21 4NB

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Structure, Government, Management

Governing Document

The Saints’ Projects Trust original deed was written and approved by the first group of trustees on 20 July 2006. Shortly thereafter, the Charity Commission granted Registered Charity status under registration number 1115724. Set forth in the Trust Deed are the strategic aims and goals of the charity:

Strategic Aims – (1) To enable Christian prayer, teaching, and ministry service; (2) to support ministry to widows, disabled, orphans and students by supplying clothing, food, medicine, shelter and education; (3) supporting Christian ministry in local churches and teaching the Christian religion in the UK and overseas; (4) establishing and strengthening houses of prayer in the UK and overseas; (5) organizing pilgrimages and retreats.

CORE Goals– Ministry to Churches, Orphans, Relief, and Education. Our desire is to work with local pastors and Guild members to impact and heal their communities, plus funding education and small businesses for brighter futures.

Organisational Structure

The charity is governed by a group of trustees who meet quarterly to set policy and review the activity of the charity. Trustee meetings are facilitated by the Chairperson and minutes are taken and reviewed at each meeting.

New trustees are proposed by existing trustees when they have satisfied themselves both of the need for further trustees, and that the person proposed meets the necessary qualifications as determined by the current trustees. In the year ending December 31, two new trustees were added: Obiageliaku Rocque and Ully-Lange Orobor. Both were approved at the Trustee Meeting on 7 December 2021.

Review of Activities and Impact for Public Benefit

The mission of SPT is to ‘advance the Christian faith and relieve poverty.’ We deliver this vision by building relationships with individuals around the world and then working with them to build schools, start businesses and heal their communities. This is all supported and directed by our unique Guild prayer network that has thousands of members around the world.

There are several different well-documented and successful strategies for aiding communities in poverty alleviation. The model that SPT has chosen to follow is to focus our funding on educational and small-business opportunities. The hope is that by funding these areas, we are helping to create consistent and long-term income for those in need.

In past years, these two areas – education and business – have received the majority of the funds that we distribute. However, 2021 also added a new element – the immediate need of COVID

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recovery. Many of the men and women with whom we work contracted COVID in 2021 and quite a few of them needed medical help. Very few of those people had the funds to pay for this, so the trustees all decided that COVID relief funds should be prioritized.

To that end, SPT made about a dozen different transfers, varying from £200 to £1100 to help those who were desperately in need of medical help. The total amount sent for these purposes totaled around £5000.

Along with the funds sent for health needs, SPT was still able to dedicate capital to education and small business ventures. Some of the projects SPT was able to start or grow:

Monitoring and Evaluating of Funds and Projects

Since SPT is still a small charity, it is very important to us that all of the funds that are spent are closely monitored. SPT has a few systems in place to do this:

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Trustees’ Responsibilities

The SPT trustees meet and converse regularly to decide on policy, fund distribution, and vision for the charity. Additionally, over the years several of them have traveled to visit our beneficiaries in Africa and India.

Charity law requires trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Safeguarding

SPT does have a Safeguarding Policy in place as well as a trustee who is the designated Safeguarding Officer (LingLing Parnin). Any safeguarding concerns are addressed at trustee meetings.

Approval

This report was approved by the Trustees on 31 October 2022 and signed on their behalf by:

Caleb Howard

CEO, Saints’ Projects Trust

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The Saints Project Trust

Financial Statements to 31 December 2021

Independent Examiner’s Report

Respective responsibilities of trustees and examiner

The Charity Trustees are responsible for the preparation of the Accounts. The Charity’s trustees consider an audit is not required for the year to 31 December 2021 under Section 144 of the Charity’s Act 2011, and that an independent examination is required. It is my responsibility to:

1 examine the accounts under Section 145 of the Charities Act.

2 follow the procedures laid down in the general Direction given by the Charity Commission (under Section 145 (5) of the Charities Act 2011) and

3 to state whether and particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity, and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning such matters, The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters refereed to below.

Independent Examiner’s Statement

In connection with my examination no matter has come to my attention:

1 which gives me reasonable cause to believe that, in any material respect, the requirements

a to keep accounting records in accordance with section 130 of the Charities Act

b to prepare accounts which agree to the accounting records and comply with the Charity Act have not been met: or

2 to which in my opinion, attention should be drawn in order for a proper understanding of the accounts to be reached.

T Richardson

Tim Richardson BA ACA

8 Emsons Close,

Linton, Cambridge, CB21 4NB 25 October 2022

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The Saints’ Projects Trust

Financial Report for the Year Ended 31 Dec 2021

Notes
Income
Individual Donor
Charitable Grant
Legacy Gift
Bank Refund/Interest
(a)
HMRC Gift Aid
Easy Fundraising
Transfer from Guild
(b)
Total Income
Expenditures
Foreign Grants
Guild Expenses
Marketing
(c)
Employee Wages
(d)
Technology
Bank Transfer Fees
Total Expenditures
Reconciliation of Funds
Funds C/F Previous Year
Deficit/Surplus for the Year
Funds Carried Forward		 Unrestricted
Funds
2021
£
13,738
0
10,000
338
2,922
18
300
27,316
11,528
180
1,481
496
436
.524
14,644
6,954
12,672
19,626		 Unrestricted
Funds
2021
£
13,738
0
10,000
338
2,922
18
300
27,316
11,528
180
1,481
496
436
.524
14,644
6,954
12,672
19,626		 Restricted
Funds
2021
£
78,365
10,000
0
0
0
0
0
88,365
38,126
0
0
0
0
0
38,126
7,826
50,239
58,065		 Total Funds
2021
£
92,103
10,000
10,000
338
2,922
18
300
115,681
49,654
180
1,481
496
436
524
52,770
14,779
62,911

77,691		 Total Funds
2020
£		 Total Funds
2020
£

55,092
0
0
7
7,858
17
0
62,974
58,419
175
129
3,000
368
2,734

64,825
16,631
-1,852

14,779

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The Saints’ Projects Trust

Financial Report for the Year Ended 31 Dec 2021

Balance
Carried
Forward 2020
Notes
£
General Fund
(e)
2,197
Home of Love India
575
Education Fund
0
LingLing Academy
348
Guild Travel Expenses
175
Nairobi 2022
7,931
Employee Wages
0
Necca Zimbabwe
3,000
Art Supplies
380
Father Praveen India
0
Technology Expenses
0
St. Mark's Academy
105
COVID Emergency Relief
0
John Jyothi - Feed Orphans
0
Guild of Saint John
0
Bank Charges
69
Restricted Donation
(f)
0
Sisters of Rahab and Ruth
0
Total
14,779		 Restricted
Donations
Expenditures
Balance
Carried
Forward 2021
£
£
£
13,172
15,426
-57
516
975
116
380
0
380
152
500
0
210
285
100
14,418
2,186
20,163
31,023
496
30,528
12,051
2,431
12,619
0
380
0
52
0
52
489
436
53
4,602
4,219
488
504
436
68
1,469
1,469
0
240
180
60
0
69
0
35,000
23,050
11,951
1,404
234
1,170
115,681
52,770
77,691

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Financial Report Notes

Note (a): NatWest bank made an error on one of our transfers and refunded SPT £337.97. Additionally, SPT received a total of £0.20 in interest from the bank.

Note (b): The Guild is the prayer network which works with SPT. While the two organizations are deeply connected, they do maintain separate financial accounts. Therefore, there are often times that funds are sent from one account to the other.

Note (c): These were funds used for producing flyers and literature to help spread the word about SPT.

Note (d): Savoy O’Connor was temporarily employed by SPT as a consultant to do a bit of work on graphic design, webpage updates and overall branding of the charity. She received these funds as payment for her work.

Note (e): The General Fund ended the year 2021 with a negative balance. However, this was not an error on the part of the trustees of overspending unrestricted funds; instead it was simply strange timing that a transfer left the account a day before a deposit cleared in the account. It just so happened that that took place on 31 December 2021. The following business day in January, the General Fund had a positive balance.

Note (f): This was a donation given by an individual to be kept in the account and used at the discretion of the donor as needs arise.

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