2022-12-31-accounts - Upper Room Foursquare Chapel

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Upper Room Four Square Chapel (Newham Foursquare Church) Charity No 1072013

Report & Financial Statements 31st December 2022

Coker Isah & Co. Chartered Certified Accountants

Upper Room Four Square Chapel

(Newham Foursquare Church)

Charity No 1072013
INDEX
	Page
Charity details	1
Trustees' Reports	.2- 3
Independent Examiners Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to Financial Activities	7…8
Detailed Statement of Financial Activities	Appendix

Page 1

Upper Room Four Square Chapel (Newham Foursquare Church) Charity Details

Charity No 1072013

MANAGEMENT COMMITTEES

Trustees Rev (Mrs) Victori Olaayemi Adekanmbi Elewechi Ngozi Okike Ojeh Bameyi Umoru Michael Adenuga Yetunde Abiodun Alatise Secretary Ojeh Bameyi Umoru Charity Number 1072013 Registered Office 525-529 Barking Road London E13 9EZ Accountants Coker Isah & Co. Chartered Certified Accountants 74 Church Road Crystal Palace London SE19 2EZ Place of Worship 525-529 Barking Road London E13 9EZ Bankers Barclays Bank Plc Stratford London E15

Page 2 Upper Room Four Square Chapel (Newham Foursquare Church)

TRUSTEES' REPORT for the year ended 31 Dec. 2022

The trustees present their report together with the financial statements of the charity for the year ended 31 Dec 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.

Trustees

The trustees named on page 1 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

Investments powers

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.

Constitution, objects and policies

The principal activity of the organization was that of providing advancement of Christian faith

The policy of the charitable Trust continues to be to seek additional donations to continue to run the organisation

The trustees take the day responsibility for running the charity.

Development, activities and achievements

The trustees consider that the performance of the charity this year has been most satisfactory and the average number of members has increased once again this year.

Financial review

Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the members. Should this support not continue in the longer term, further financial support would need to be sought to replace it.

Risk Management

The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Page 3

Upper Room Four Square Chapel (Newham Foursquare Church) Charity No 1072013

TRUSTEES' REPORT for the year ended 31 Dec. 2022

Future Developments

The charity's activities has increased during the year under review . The trustees are seeking to extend the charity's activities and are pursuing a number of activities to enable this to happen

Reserve policy

It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.

Statement of trustees' responsibilities

Law applicable to charities in England Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

a) Select suitable accounting policies and apply them consistently;

b) make judgments and estimates that are reasonable and prudent;

c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;

d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charities Act 2011 They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This project was approved by the trustees on 24 / 02 /2023 and signed on their behal3

Signed Rev (Mrs) Victori Olaayemi Adekanmbi Trustee

Page 4

Upper Room Four Square Chapel

(Newham Foursquare Church)

Independent Examiner's Report on the Accounts

Report the trustees and members of Upper Room Four Square Chapel

Charity No 1072013

The accounts for the year ended 31 December 2021 Set out in pages 4-6

Respective responsibilities of the trustees and examiner

The trustees are responsible for the preparation of the accounts, you consider that an audit

is not required under section 144 of the charities 2011 (the act) and does not apply, and that

independent examination is needed

It is my responsibility to

examine the accounts under section 145 of the Charities Act
to follow the procedure laid down in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the Act and
to state whether particular matters have come to my attention

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners .

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts

presented with those records .It also includes consideration of any unusual items or disclosures in the

accounts and , seeking explanation from you as trustees concerning any such matters. The procedures undertaken do

not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination ,no matter has come to my attention

(1) which give me reasonable cause to believe that in any material in respect the requirements
to keep accounting records in accordance with section 130 of the Charities Act and
to prepare accounts accordance with the accounting records and to comply with the accounting requirement of the Act

have not been met.

(2) to which, in my opinion ,attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

James Coker Dated 24 /02 / 2023

MBA FCCA

Relevant qualifications

Coker Isah & Co.

Chartered Certified Accountants

74 Church Road London SE19 2EZ

Page 5 Upper Room Four Square Chapel (Newham Foursquare Church)

Statement of Financial Activities

For the year ended 31 December 2022

Incoming & Expenditure

Income: Voluntary Sources- Donation #REF! Gift aids HMRC- JRS 0 TOTAL INCOME Direct Charitable Expenditure: Direct Charitable Expenditure: TOTAL EXPENDITURE Net Income\ ( Expenditure) Fund Balance B/F Fund Balance C\F	Unrestricted Fund 2022 £ 96613 #REF! 13139 0 0 #REF! 103563 103563 #REF! #REF! #REF!	Unrestricted Fund 2021 £ 100766 #REF! 6481 0
		#REF!
		94662
		94662
		#REF! #REF!
		#REF!

The notes on page 6 form part of these accounts

page 6 Upper Room Four Square Chapel (Newham Foursquare Church) Charity No 1072013 Balance Sheet 31st December 2022 2022 £ FIXED ASSETS CURRENT ASSETS Bank & cash 19,105 19,105 CREDITORS Amounts falling due within one year Accrual & deferred income 21,844 21,844 Net Current Liabilities ACCUMULATED FUND Retained Surplus Brought Forward Surplus for the year Retained Surplus Carried Forward	£ 17,053	2021 £ 406,357 -13,476
19,105	17,053
21,844	30,529
21,844	30,529

		392,881
		380,296 #REF!
		#REF!

Approved on 24/02 /2023 and singed on behalf of the Trustees

Rev (Mrs) Victori Olaayemi Adekanmbi Trustee Member

Page 7 Upper Room Four Square Chapel (Newham Foursquare Church) Notes to the Financial Statements For the year needed 31 December 2022

1 Accounting policies

1.1 Accounting convention

The financial statements are prepared under historical cost convention and in accordance with The Financial Reporting Standard for Smaller Entities (FRSSE) (effective Jan 2005) and statement of Recommended Practice (SORP 2005) ,and with the Charity Acts 2011

1.2 Incoming Resources

The Income represent the total donation and Income Tax Claimed excluding Value Added Tax , receivable during the year

1.3 Depreciation

Depreciation is provided on tangible Fixed Assets at rate calculated to write off the cost less residual value of each assets over its expected useful life as follows:-

Fixture fitting and equipment 25% reducing balance basis

1.4 Donation

Donation receivable are credited to the Statement of Financial Activities (SOFA)) in the year for the year which they are received.

1.5 Resources Expended

Resources Expended are included in the Statement of Financial Activities (SOFA) on an accrual basis inclusive of VAT

1.6 Unrestricted Funds

Unrestricted Funds are donations and other incoming resources received or generated for the charitable purposes

1.8 Restricted Funds

Restricted Funds are funds received which can only be used for the specific purpose as laid out by the donor Expenditure which meets this criterion is identified to the fund, together with a fair allocation of overheads costs. During the year there are no restricted fund.

2 Income

The total income of the organization for the year has been derived from its principal activity wholly undertaken in the UK

3 Operating surplus 2022 2021 Operating surplus is stated after charging £ £ Depreciation of tangible assets 5815 7332

page 8 Upper Room Four Square Chapel (Newham Foursquare Church)

Notes to the Financial Statements

For the year needed 31 December 2022

4 Fixed Assets Freehold Land Cost 1 Jan. 2022 384,363 Additions 31 Dec. 2022 384,363 Depreciation 1 Jan. 2022 0 Charge for the year 0 31 Dec. 2022 0 Net Book Values 31 Dec. 2022 384,363 31 Dec. 2021 384,363 5 Creditors amount falling due within one year Loan No 1 Loan No 2 Inland Revenue Creditor and accrual 6 Summary of Assets by Fund Unrestricted funds Net Income\ ( Expenditure) Restricted Fund- Building fund Total	Fixture Fittings equipment 42,915 1,267 44,182 20,921 5,815 26,736 17,446 21,994 2,021 £ 0 15,214 4,127 2,503 21,844 #REF! #REF! 0 #REF!	Total 427,278 1,267
		428,545
		20,921 5,815
		0 26,736
		401,809
		406,357
		2,021 £ 2,656 21,568 4,052 2,253
		30,529
		30,295 #REF! 1832
		#REF!

7 Trustees Remuneration

Remuneration was paid to only one of the trustees under PAYE Sceheme during the year

Appendix

Upper Room Four Square Chapel (Newham Foursquare Church) Statement of Financial Activities For the year ended 31 December 2022

Incoming & Expenditure Income: Voluntary Sources- Donation Gift Aids HMRC- JRS TOTAL INCOME Direct Charitable Expenditure: Wages, salaries & NIC Staff pension Staff training Rate incuding water Insurance Hire of equipment Loan interest Computer consumables Light heat and water Repair and maintenance Members welfare Printing postage and stationery Advertising Hireof equipment Telephone Health & Nsafety Oversea travel Travelling and entertainment Entertain social activities and conference Legal and professional Accountancy General expenses Charitable donation Subscription Depreciation on FF and equipment TOTAL EXPENDITURE NET INCOME ( EXPENDITURE) FUND BALANCES B/F FUND BALANCES C\F	Unrestricted Fund 2022 £ 96613 13139 0 109752 33184 7200 715 1330 1016 513 807 2566 5988 8750 712 1860 850 320 4879 2315 18037 222 1750 156 3530 1048 5815 103563 6189 388813 395002	Unrestricted Fund 2021 £ 100766 0 6481
		107247
		33180 7200 200 960 2442 513 1060 596 2011 4821 13715 670 250 851 156 2500 2603 11318 222 1500 99 463 0 7332
		94662
		12585 376228
		388813

The notes on page 6 form part of these accounts