FAST 58
Fast 58 ministers to the homeless and others in need in Central London.
Objects
TO RELIEVE PERSONS OF ALL AGES AND BACKGROUNDS (IRRESPECTIVE OF RACE, GENDER, RELIGION OR BELIEF) WHO ARE IN SITUATIONS OF NEED, HARDSHIP OR DISTRESS OR WHO ARE OTHERWISE VULNERABLE, IN PARTICULAR THROUGH HOMELESSNESS OR INADEQUATE HOUSING, BY PROVIDING FOOD AND ASSISTANCE IN FINDING SHELTER, AND BY SHARING THE LOVE OF GOD FOR ALL PEOPLE, REVEALING THE LORD'S HEART FOR THOSE WHO ARE POOR, HUNGRY AND OPPRESSED.
Financial health, per its FY2025 accounts
The accounts state that total funds decreased from £20,571 to £12,944 due to a net movement in funds of -£7,627, as expenditure of £59,831 exceeded income of £52,204. The charity holds unrestricted funds of £12,944 and restricted funds of £0 at the year end.
What the accounts disclose
“In addition to general donations of £28,744, Fast58 received the following grants and awards totalling £: 23,460” — page 4
Policies the charity declares
- Complaints policy and procedures
- Internal charity financial controls policy and procedures
- Safeguarding policy and procedures
- Volunteer management
Funders the charity credits
- Big Yellow
Trustees
- MICHAEL PHILIP DAVEYchair
- Debbie Walsh
- PROFESSOR TSZ CHEONG TONY NG
- SELORM KLAYE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £52k | £60k |
| 31/03/2024 | £58k | £65k |
| 31/03/2023 | £77k | £58k |
| 31/03/2022 | £48k | £42k |
| 31/03/2021 | £48k | £42k |
Common questions
Is FAST 58 financially healthy?
Per its FY2025 accounts: The accounts state that total funds decreased from £20,571 to £12,944 due to a net movement in funds of -£7,627, as expenditure of £59,831 exceeded income of £52,204. The charity holds unrestricted funds of £12,944 and restricted funds of £0 at the year end. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| London Borough of Southwark | 31/03/2024 | £22k | Grant to Fast 58 |
| London Borough of Southwark | 31/03/2022 | £5k | Grant to Fast 58 |
| London Borough of Southwark | 01/04/2020 | £3k | Grant to Fast 58 |