DAYSPRING CHAPEL MINISTRIES

Registered charity 1119655 · accounts filings on the Charity Commission register

Religious activitiesTo advance the Christian faith ? to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in accordance with the law of charity in England and Wales.

Causes: The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Religious Activities · website · Get email alerts

Latest income

£166k

Latest spending

£142k

Registered

2007

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds increased to £213,945, reflecting a net surplus of £24,200 for the year. The charity holds significant cash reserves (£63,490 at bank plus £382,700 held for property purchase) against liabilities including a £220,000 other loan and a £29,900 private loan. The trustees report that the charity is building up reserves for the future following the purchase of its own property.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered titlein England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £370k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Ayodeji Gbaye
Babafemi Babalola
HELEN YETUNDE OLATUNDE
PASTOR EMMANUEL OLUDARE OLATUNDE · trustee of 1 other charity
SAMUEL KAYODE ADETUNJI · trustee of 1 other charity

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bristol City

Income and spending

Financial year end	Income	Spending
31/12/2024	£166k	£142k
31/12/2023	£152k	£112k
31/12/2022	£114k	£96k
31/12/2021	£99k	£85k
31/12/2020	£81k	£64k

Common questions

Is DAYSPRING CHAPEL MINISTRIES financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted funds increased to £213,945, reflecting a net surplus of £24,200 for the year. The charity holds significant cash reserves (£63,490 at bank plus £382,700 held for property purchase) against liabilities including a £220,000 other loan and a £29,900 private loan. The trustees report that the charity is building up reserves for the future following the purchase of its own property. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
NEW COMMUNITY CHURCH S.E. LONDON	1	£200k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with NEW LIFE CHURCH MINISTRIES (SLEAFORD).

NEW LIFE CHURCH MINISTRIES (SLEAFORD) income £585k
NEW GROUND CHURCHES income £655k
LIFESPRING MINISTRIES income £693k
ONE CHURCH income £1.1m
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, LECKHAMPTON income £180k
THE PAROCHIAL CHURCH COUNCIL OF RUSCOMBE AND TWYFORD income £188k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
DAYSPRING CHAPEL MINISTRIES	£166k	—	0	unclear	—	no doubt
NEW LIFE CHURCH MINISTRIES (SLEAFORD) FY2024	£585k	—	0	above	—	no doubt
NEW GROUND CHURCHES FY2024	£655k	—	2	above	—	no doubt
LIFESPRING MINISTRIES FY2025	£693k	—	0	unclear	—	no doubt
ONE CHURCH FY2024	£1.1m	—	0	unclear	—	no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, LECKHAMPTON FY2024	£180k	—	0	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.