Trustees’ Annual Report for the period
From 01 January 2023 To 31 December 2023
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 charity did not carry out any substantive activities. |
| 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 by the Charity Commission on public benefit, although the charity did not carry out any substantive activities during the period. |
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 During the period under review, the charity did not carry out any substantive activities. Summary of the main Para 1.20 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.
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 | |
| Para 1.41 |
Investment performance against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | There has been no substantive activities in the reporting period and the Charity continues to have 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. |
| 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. |
| 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 Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity 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) NICHOLAS OGUNDE Full name(s) OLATUNJI AJIBODE Position (eg Secretary, CHAIRMAN SECRETARY Chair, etc) Date 02 JANUARY 2025
FAITHSPRINGS MINISTRIES
1192750
CC16a
Receipts and payments accounts
For the period 01/01/2023 31/12/2023 To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ |
Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|---|---|---|---|---|---|---|---|---|---|
Donation |
- | - | - | - | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) | - | - | - | - | - | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - | |||||||||
| - | - | ||||||||
| Sub total | - | - | |||||||
| Total receipts A3 Payments |
|||||||||
| - | |||||||||
Softwarepurchases |
- | - | - | - | - | ||||
| Software subscription | - | - | - | - | - | ||||
| Charitablegiving | - | - | - | - | - | ||||
| Telephone subscription | - | - | - | - | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| **Sub total ** | - | - | - | - | - | ||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| - | |||||||||
| - | |||||||||
| **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 |
Section B Statement of assets and liabilities at the end of the period
Categories B1 Cash funds
| 1 Bank balance Details Total cash funds (agree balances with receipts and payments account(s)) |
Unrestricted funds to nearest £ 420 - - 420 OK |
02/01/2025 Restricted funds Endowment funds to nearest £ to nearest £ - - - - - - - - OK OK |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - |
CCXX R1 accounts (SS)
| Signed by one or two trustees on behalf of all the trustees B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Details Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Olatunji Ajibode Nicholas Ogunde |
Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval |
|---|---|---|---|
CCXX R2 accounts (SS)
02/01/2025
2