Unaudited Financial Statements for the Year Ended 31 December 2024
## for
Springs of Life and Hope
Springs of Life and Hope
Contents of the Financial Statements for the Year Ended 31 December 2024
||Page|
|---|---|
|General Information|1|
|Trustees’ Annual Report|2|
|Independent Examiner’s Report and Client Approval Certificate|
3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
Springs of Life and Hope
## General Information
## for the Year Ended 31 December 2024
|**TRUSTEES:**|Mrs L H James – resigned 19/12/24|
|---|---|
||Mr P D James|
||Mrs B Johnson|
||M A Mercer – appointed 19/12/24|
||G L Sharman – appointed 19/12/24|
||S Percival – appointed 19/12/24|
|**CHARITY NUMBER:**
|1127290|
|**ADDRESS:**|Tabor|
||Llithfaen|
||Pwllheli|
||Gwynedd|
||LL53 6NL|
|**ACCOUNTANTS:**|Gwyn Thomas & Co Limited|
||1 Thomas Buildings|
||New Street|
||Pwllheli|
||Gwynedd|
||LL53 5HH|
Page 1
Springs of Life and Hope
## Trustees’ annual report for the year ended 31 December 2024
**Type of Governing Document:** Constitution adopted 24 November 2008
**How the charity is constituted:** Deed of Trust with Six Trustees
**Trustee Selection:** Two trustees retire each year and at the General Meeting the remaining trustees appoint or re-appoint.
**Additional Governance Issues:** All trustees give their time voluntarily and receive no remuneration or other benefits.
**Summary of the objects of the charity:** The objects of the Trust are to relieve sickness and financial hardship and to promote good health by the provision of funds, goods or services of any kind including accommodation and funding for education and training in such parts of Israel or the world as the trustees from time to time may think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Trust.
**Summary of the main activities:** During the year we have continued to make grants to organisations working in Israel for the relief of financial hardship, providing of accommodation and paying for vocational training.
**Grant making Policy:** The purpose of all grants are agreed with our partners in advance. We are in constant touch by email and phone and an annual personal visit from our chief partner.
**Achievements and Performance:** We have been able to distribute a considerable sum to further the objects of the charity.
**Financial Review:** We normally try to keep about £300 in reserve for expenses in running the Trust. These are kept to an absolute minimum. Our main source of funds are donations given by individuals and occasionally churches who want to support our work in Israel. Virtually all gifts come with a request that they are sent on to a particular work, often for a particular project and we respect the donors’ wishes whenever possible.
Page 2
Financial Statements
## for the Year Ended 31 December 2024
## Independent examiner’s report to the trustees
## of Springs of Life and Hope
I report to the trustees on my examination of the accounts of Springs of Life and Hope for the year ended 31 December 2024.
## Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with the accounting records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gwyn Thomas BSc ACA Gwyn Thomas & Co Limited 1 Thomas Buildings New Street Pwllheli Gwynedd LL53 5HH
Date 16/6/25
## Client Approval Certificate
We approve the financial statements and confirm that we have made available all relevant records and information for their preparation.
M A Mercer Mrs B Johnston
Mr P D James
G L Sharman S Percival
Page 3
## Springs of Life and Hope
## Statement of financial activities for the year ended 31 December 2024
|Restricted
funds
**Incoming and**
**endowment from**
£
Donations
57,201
Gift aid receipts 5,836
______
**Total income and**63,037
**endowments**
**======**
**Expenditure on charitable**
**activities**
Donations expended 59,429
Accountancy
660
Bank charges
574
**Total resources**60,663
**expended**
______
Net income/(expenditure) 2374
resources
=======
Cash funds b/f
1,963
=======
transfer between funds -
Cash funds c/f
4,337
=======|Unrestricted
funds
£
-
______
-
**======**
-
-
-
-
______
-
======
-
======
-
-
======|Total
funds
31.12.24
£
57,201
5,836
______
63,037
**======**
59,429
660
574
60,663
______
2374
======
1,963
======
-
4.337
=======|Previous
year
31.12.23
£
95,007
10,330
______
105,337
**======**
106,140
630
672
107,442
_____
(2,105)
======
4,068
======
-
1,963
======|
|---|---|---|---|
Page 4
## Springs of Life and Hope
|Balance Sheet
31 December 2024
31.12.24
£
**CURRENT ASSETS**
Bank account
4,337
**NET ASSETS**
**FUNDS**
Restricted fund
Unrestricted fund
|31.12.23
£
£
1,963
4,337
4,337
**=====**
4,337
-
4,337
=====
|£
1,963
1,963
**=====**
1,963
-
1,963
=====|
|---|---|---|
Page 5