**REGISTERED COMPANY NUMBER: 12002455 (England and Wales) REGISTERED CHARITY NUMBER: 1193174** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025** ## **FOR** ## **SPRING OF HOPE UK LIMITED** P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ **SPRING OF HOPE UK LIMITED** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**|2|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**|7|to|8| |**Notes to the Financial Statements**|9|to|12| |**Detailed Statement of Financial Activities**||13|| **SPRING OF HOPE UK LIMITED** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MAY 2025** **TRUSTEES** Pastor J Daniel-Sam Dr G Danam Rev D H Rigby **REGISTERED OFFICE** 61 Plodder Lane Farnworth Bolton BL4 0BX **REGISTERED COMPANY** 12002455 (England and Wales) **NUMBER REGISTERED CHARITY** 1193174 **NUMBER INDEPENDENT EXAMINER** P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ Page 1 ## **SPRING OF HOPE UK LIMITED** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity's purposes as set out in the objects contained in the company's articles of association are: - To advance the Christian faith in accordance with the charity's Statement of Beliefs within Greater Manchester and other parts of the UK or the world as the trustees think fit. - To provide and assist in the provision of facilities for the benefit of the community and surrounding neighbourhood in which the charity operates. - To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods and services including the provision of counselling and support. Page 2 **SPRING OF HOPE UK LIMITED** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025** ## **OBJECTIVES AND ACTIVITIES Charitable activities** ## **Activities in the UK:** ## Carol Singing and Curry Nights: The charity initiated two Carol Singing and Curry nights at two locations: one on Saturday 14th December 2024 at St. John the Evangelist Parish Church, Wilwick lane Macclesfield Stockport, SK11 8RS and another one on Sunday 15th in December 2024 at the Dandelion Community Hall, Oatlands Rd, Wythenshawe, Manchester M22 1AH and. Over 450 people from the local community participated in the event. The event was aimed at reaching the local community to come out of their loneliness and related mental issues. The charity had the help of volunteers to come and talk with the people who attended so they knew there are people whom they can talk and share their concerns. ## Sunday Service: Since 19th December 2021, the charity started a church service on every Sunday at Dandelion Community Hall, Oatlands Rd, Wythenshawe, Manchester M22 1AH. There are other weekly family get together at different locations and families during the week. The charity also involved in food parcel distribution with volunteer help from the members of the church. Since 8th January 2023, another church service is started at St. John the Evangelist Parish Church, Wilwick Lane, Macclesfield Stockport, SK11 8RS. These are to bring the people together to have a time of fellowship, singing and hearing from Jesus' teaching and feel that they belong to a caring community. Coffee, tea, drinks and snacks are served before and after the service for people to have fellowship and share their concerns, worries and prayer requests. ## Community Meals: Once a month, during the last Sunday of the month, the charity invites the local people and provides a dinner after the Sunday service. ## Local Food Bank at Dandelion Community Centre: The Charity is also helping in the local food bank at the Dandelion Community Centre by mobilising the people from the church to volunteer in the food Bank. The charity also supports the charitable and gospel work of Authentic City Church, Levenshulme, Manchester by giving donations. ## **Activities in India:** The charity partners with a charity in India named Global Socio Educational and Charitable Trust (GSECT), a registered charity in India (www.gsect.com). GSECT is involved in various developmental and educational activities in India. Spring of Hope UK Limited is mainly involved in helping in the following areas: ## Training: The charity is partially funding the training cost of men and women at Sathya Veda Seminary to become social workers in various activities in the remote communities in India (www.svsindia.org). ## Developing the Infrastructure: The charity also partially funded resources to develop the training facility at Sathya Veda Seminary which is still in progress. ## Shalom Project: GSECT is involved in rehabilitating children and families at Maya Puri slum in New Delhi. The children in the slum were not going to school. GSECT is taking initiatives in partnering with the local schools in sending some 100 children back to school. The parents also receive teaching and training on the importance of sending children to school and healthy living habits. ## Kingdom Economic Enhancement Project (KEEP): Page 3 **SPRING OF HOPE UK LIMITED** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025** ## **OBJECTIVES AND ACTIVITIES** GSECT has taken the initiative to help the poor and needy people who do not have any means of livelihood by giving training to start small businesses in the local community and they provide a loan to meet the initial setup costs. ## Educational Assistance: The charity is also helping a semi orphan girl to complete her BSc nursing qualification through GSECT. ## **Public benefit** The board of trustees is satisfied with the performance of the charity during the year and in planning the activities the trustees have had regard to the Charity Commission's guidance on public benefit. ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees aim to keep in reserves the equivalent of three months of regular expenditure excluding gifts to projects and other charities to help manage any unforeseen disruption to the charity's income. At the end of this financial year, the charity held unrestricted funds of £3,694 which exceeded the three month expenditure target of £3,043. ## **FUTURE PLANS** ## **Church Planting:** The Charity wishes to develop the Church in Manchester and Macclesfield and involve in more community activities for the people around. The Charity wishes to enhance its involvement in the community in the UK and in India as per the availability of funds. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Approved by order of the board of trustees on 23 March 2026 and signed on its behalf by: Dr G Danam - Trustee Page 4 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPRING OF HOPE UK LIMITED** ## **Independent examiner's report to the trustees of Spring of Hope UK Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. A J Syddall M.A., F.C.A. The Institute of Chartered Accountants in England and Wales P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ 23 March 2026 Page 5 ## **SPRING OF HOPE UK LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 106,723 90,204
Investment income 3 101 62
Total 106,824 90,266
EXPENDITURE ON
Charitable activities
Charitable 100,712 90,636
NET INCOME/(EXPENDITURE) 6,112 (370)
RECONCILIATION OF FUNDS
Total funds brought forward 21,480 21,850
TOTAL FUNDS CARRIED FORWARD 27,592 21,480
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The notes form part of these financial statements Page 6 ## **SPRING OF HOPE UK LIMITED** ## **BALANCE SHEET 31 MAY 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 6 1,310 1,488
CURRENT ASSETS
Debtors 7 23,897 -
Cash at bank 2,864 20,953
26,761 20,953
CREDITORS
Amounts falling due within one year 8 (479) (961)
NET CURRENT ASSETS 26,282 19,992
TOTAL ASSETS LESS CURRENT
LIABILITIES 27,592 21,480
NET ASSETS 27,592 21,480
FUNDS 9
Unrestricted funds 27,592 21,480
TOTAL FUNDS 27,592 21,480
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 7 ## **SPRING OF HOPE UK LIMITED** ## **BALANCE SHEET - continued 31 MAY 2025** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 23 March 2026 and were signed on its behalf by: G Danam - Trustee J Daniel-Sam - Trustee D H Rigby - Trustee The notes form part of these financial statements Page 8 **SPRING OF HOPE UK LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025** ## **1. STATUTORY INFOMRATION** Spring of Hope UK Limited is a registered charity and a private company, limited by guarantee, registered in England and Wales. The charitable company's registered numbers and registered office address can be found in the Report of the Trustees.. The presentation currency of the financial statements is the Pound Sterling (£). ## **2. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office equipment - 20% on cost ## **TAXATION** The charity is exempt from corporation tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **GOING CONCERN** At the time of approving the accounts the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. continued... Page 9 **SPRING OF HOPE UK LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** ## **3. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||**2025**|2024| ||**£**|£| |Deposit account interest|**101**|62| |**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Independent examination
Depreciation - owned assets
Other operating leases|**2025**
**£**
**480**
**578**
**3,218**|2024
£
960
419
3,105| ## **4. NET INCOME/(EXPENDITURE)** ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024. ## **6. TANGIBLE FIXED ASSETS** |**COST**
At 1 June 2024
Additions|Office
equipment
£
**2,587**
**400**| |---|---| |At 31 May 2025|**2,987**| |**DEPRECIATION**
At 1 June 2024
Charge for year|**1,099**
**578**| |At 31 May 2025|**1,677**| |**NET BOOK VALUE**
At 31 May 2025|**1,310**| |At 31 May 2024|1,488| continued... Page 10 ## **SPRING OF HOPE UK LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** **----- Start of picture text -----**
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
-
Prepayments and accrued income 23,897
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors - 480
Accruals and deferred income 479 481
479 961
9. MOVEMENT IN FUNDS
Net
movement At
At 1.6.24 in funds 31.5.25
£ £ £
Unrestricted funds
General fund 21,480 6,112 27,592
TOTAL FUNDS 21,480 6,112 27,592
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 106,824 (100,712) 6,112
TOTAL FUNDS 106,824 (100,712) 6,112
Comparatives for movement in funds
Net
movement At
At 1.6.23 in funds 31.5.24
£ £ £
Unrestricted funds
General fund 21,850 (370) 21,480
TOTAL FUNDS 21,850 (370) 21,480
**----- End of picture text -----**
continued... Page 11 **SPRING OF HOPE UK LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** ## **9. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement|Movement| |---|---|---|---|---| ||resources|expended|in funds|| ||£|£||£| |**Unrestricted funds**||||| |General fund|90,266|(90,636)||(370)| |**TOTAL FUNDS**|90,266|(90,636)||(370)| ## **10. RELATED PARTY DISCLOSURES** During the year the charity paid £72 (2024 - £379) to Daniel Sam Limited, a company in which Mr G E Daniel-Sam, son of trustee Pastor J Daniel-Sam, is the sole director. The charges were paid in respect of bookkeeping services and the provision of a virtual office. The charity has donated £77,500 (2024 - £58,000) to GoodNews Aid, a UK charity in which trustee Dr G Danam is materially interested in as trustee. During the year to 31 March 2025 GoodNews Aid made donations totalling £156,000 (31 March 2024 - £46,000) to a partner charity, Global Socio-Educational and Charitable Trust (GSECT), a registered charity in India. Trustee Dr G Danam is the director of Sathya Veda Seminary the training centre of GSECT. Page 12 ## **SPRING OF HOPE UK LIMITED** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025** **----- Start of picture text -----**
2025 2024
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 82,826 74,435
Gift aid 23,897 15,769
106,723 90,204
Investment income
Deposit account interest 101 62
Total incoming resources 106,824 90,266
EXPENDITURE
Charitable activities
Church rent 3,218 3,105
Office and administration expenses 14 57
Insurance 238 236
Telephone 273 276
Postage and stationery 171 22
Advertising 987 386
Ministry gifts 88,400 69,400
Overseas gifts 140 9,811
Church events 1,423 1,737
Outreach expenses - 86
IT maintenance - 165
Travel and subsistence 4,389 2,344
Subscriptions - 219
Accountancy and legal expenses 106 379
Repairs and maintenance - 92
Youth and children's work - 67
Raising funds 274 250
Sound equipment and worship expenses - 456
99,633 89,088
Support costs
Finance
Bank charges 22 169
Office equipment depreciation 577 419
599 588
Governance costs
Independent examination 480 960
Total resources expended 100,712 90,636
Net income/(expenditure) 6,112 (370)
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This page does not form part of the statutory financial statements Page 13