2021-12-31-accounts - Faithsprings Ministries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 09 December 2020 To 31 December 2021 Charity name: FaithSprings Ministries

Charity registration number: 1192750

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The purpose of the charity is to advance the Christian religion in the UK for the benefit of the public in particular but not exclusively through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature on the Christian faith to enlighten others about the Christian religion, providing pastoral care and carrying out missionary and evangelistic work. Our vision is to see believers fully established in a scriptural understanding of who they are (identity), what they have (inheritance) and what they can do (authority) in God through the accurate application of scriptural truths.
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	During the period under review, the main activities carried out by the charity included: - Travelling ministry of the Word to Youths and Teenagers across London - Offering Christian counselling to the general public, particularly as it relates to living a life that is consistent with the Word of God as outlined in scriptures - Praying with and ministering to those requiring support and comfort in line with the instruction of Jesus Christ - Providing charitable support to other Charities and individuals whose goals and objectives are aligned with theCharities’ own purpose At the current time, the charity has not commenced any regular church services for members but continue to meet on an

		adhoc basis as specific programmes are organised for the benefit of the general public or as invited by other Christian charities to partake in their programmes.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The charity continues to place due regard to the guidance issued bythe Charity Commission on public benefit, and this continues to be central to the ethos of the charity.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	The charity did not make any grants during the period being reported on.
Policy on social investment including program related investment	Para 1.38	The charity did not make any investments during the period being reported on.
Contribution made by volunteers	Para 1.38
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	The proof of success for the Charity is changed lives based on the Word of God that is being taught during its programmes and events. members of the public attending the Charity’s events and programmes give testimonies and praise reports of living more fulfilled and enjoyable lives because of contact with the Charity. Attendees are always encouraged to provide praise reports or testimonies of the changes they have experienced in their lives because of attending the Charity’s events. Prayer meetings have consistently taken place across the period, praying for peace and prosperity for individuals, families, and the United Kingdom as a whole (including the government). The Charity also provided physical support where considered beneficial to individuals e.g. the donation of food items to food banks and one-off support to individuals requiring support with daily needs.

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 had contributions of £1,000 during the period, which was used to fund its operations, in particular the specific software in use for its operations as well as charitable giving, with a balance of £420 at the end of the period.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Charity’s policy is not to hold reserves but to deploy contributions received in the attainment of its Charitable purposes and objectives.
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	The Charity’s policy is not to hold reserves but to deploy contributions received in the attainment of its Charitable purposes and objectives.
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

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	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charitable Incorporated Organisation (CIO)
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	New trustees can only be appointed by existing members of the Charity trustees by a resolution passed at a properly convened meeting of the existing charity trustees. Further details on the appointment of trustees are set out in the Charity’s constitution.

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	FaithSprings Ministries
Other name the charity uses
Registered charity number	1192750
Charity’s principal address	61 The Woodfields South Croydon CR2 0HJ

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)

– 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

	OLATUNJI AJIBODE	NICHOLAS OGUNDE
	CHAIRMAN	SECRETARY
	31 OCTOBER 2022
	31 OCTOBER 2022

FAITHSPRINGS MINISTRIES

1192750

Recei ts and a ments accounts p p y

CC16a

For the period 10/12/2020 31/12/2021 To from

Section A Receipts and payments

Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ £

A1 Receipts

A1 Receipts	esce funds to the nearest £	esce funds to the nearest £	owe funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Donation	1,000	-	-	1,000	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	1,000	-	-	1,000	-

A2 Asset and investment sales,
(see table).
	-	-	-	-
	-	-	-	-	-
*Sub total*	-	-	-	-	-

*Total receipts*	1,000	-	-	1,000	-

A3 Payments

A3 Payments
Softwarepurchases	120	-	-	120	-
Software subscription	220	-	-	220	-
Charitablegiving	180	-	-	180	-
Telephone subscription	60	-	-	60	-
	-	-	-	-	-
ccounts (SS)	-	- 1	-	-	-

CCXX R1 accounts (SS)

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
**Sub total **	580	-	-	580	-

A4 Asset and investment purchases, (see table)		- - - - -	- - - - -	- - - 580 420
	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	420	-	-	420	-
	-	-	-	-	-
	-	-	-	-	-
	420	-	-	420	-

CCXX R2 accounts (SS)

Section B Statement of assets and liabilities at the end of the period

Bank balance Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds to nearest £	Restricted funds to nearest £	Endowment funds to nearest £
	420	-	-
	-	-	-
	-	-	-
	420	-	-
			OK
			Endowment funds to nearest £
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
		-	-
		-	-
		-	-
		-	-
		-	-
Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
3		-	-

B4 Assets retained for the CCXX R3 accounts (SS) h it ’

charity’s own use

B5 Liabilities

Signed by one or two trustees on behalf of all the trustees

Details

-		-
-		-
-		-
-		-
-		-
-		-
-		-
-		-

Fund to which Amount due When due liability relates (optional) (optional) - - - - -

Date of Signature Print Name approval Olatunji Ajibode 07/11/2022 Nicholas Ogunde

CCXX R4 accounts (SS)