2022-12-31-accounts

Registered charity number : 1148029

IN HIS PRESENCE FOURSQUARE CHURCH

Financial Statements for the Year Ended 31 December 2022

IN HIS PRESENCE FOURSQUARE CHURCH

Reports of the Trustees for the year ended 31 December 2022

Administrative Information:

In His presence Foursquare Leeds is part of Foursquare Great Britain, a movement of Spirit Filled Churches partnering together to Plant new Churches and make Disciples throughout our Nation.

Address

41 Ings Road Osmonthorpe Leeds LS9 9EJ

Board of Trustees

Mr. Gbadebo Dasaolu Mrs Marjorie Horner Mr. Olumuyiwa B. Ogunyanwo Mr. Ayomide Kehinde

Pastor-in-Charge

Pastor Gbadebo Dasaolu

Banker

Natwest Bank 8 Park Row Leeds LS1 5HD

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IN HIS PRESENCE FOURSQUARE CHURCH

Reports of the Trustees continued

Objective and activities

Together we seek to reach out into the United Kingdom with the Gospel message of our Lord Jesus Christ in a fresh and relevant manner. Interdenominational in Spirit and Evangelism, we proclaim the Foursquare message that Jesus Christ is the Saviour, Healer, Baptiser with the Holy Spirit and Soon coming King. Welcome to the Home site for The British Foursquare Family.

Our Mission

To wake up the sleeping brides of Jesus Christ for His second coming.

About Four Square Gospel

The term "Foursquare Gospel" came about during an intense revival in the city of Oakland, Calif., in July 1922. To a crowd of thousands, Aimee Semple McPherson explained Ezekiel's vision in the book of Ezekiel, chapter one. Ezekiel saw God revealed as a being with four different faces: a man, a lion, an ox and an eagle. To Sister Aimee, those four faces were like the four phases of the gospel of Jesus Christ. In tIn His he face of the man, she saw Jesus our Savior. In the face of the lion, she saw Jesus the mighty Baptizer with the Holy Spirit and fire. In the face of the ox, she saw Jesus the Great Burden-Bearer, who took our infirmities and carried our sicknesses. In the face of the eagle, she saw Jesus the Coming King, who will return in power and victory for the church. It was a perfect, complete Gospel.

It was a Gospel that faces squarely in every direction; it was the “Foursquare Gospel.” The four symbols perhaps most identified with Foursquare today are the cross, cup, dove and crown which stand for Jesus the Savior, Jesus the Healer, Jesus the Baptizer with the Holy Spirit, and Jesus the Soon-Coming King, respectively.

Structure, governance and management

No new trustee was appointed during the year. The board of trustees set the direction and policy framework for the Church. The board also put in place the process for reviewing, evaluating and implementing appropriate risk management framework.

Risk management

The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Financial review

Total receipts during the year was £67,862 (2021: £49,259) which is 38% increase compared to last year. Total outgoing was £25,202 (2021: £28,060), representing about 10% decrease compared to last year. Grants and compensation received from the Landlord accounted for the unusual increase of income. The charity surplus fund stood at £93,489 at the end of the year.

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IN HIS PRESENCE FOURSQUARE CHURCH

Accounting Policies

a) Basis of accounting

The financial statements are prepared in accordance with the Charities Statement of Recommended Practice (SORP). The statement of financial activities (SOFA) is presented in columns for general fund and endowment capital, showing the net incoming resources, resources expended, and all other recognised gains and losses in the appropriate column.

The financial statements are also prepared in accordance with the historical cost convention. They comply with all applicable United Kingdom law and accounting standards.

b) Incoming resources

Donations, contributions and legacies are accounted for when entitlement has been comfirmed, the amount can be measured accurately and receipt is certain.

c) Resources expended

All resources expended are accounted for on an accrual basis. Any ensuing liabilities are recognised as soon as constructive obligation arises.

d) Funds

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.

Restricted funds are funds which are to be used in accordance with specific instructions imposed by donors or which have been raised by the trustees’ particular purpose. The cost of raising and administering such funds are charged against specific fund.

e) Depreciation

Depreciation on fixed assets is charged so as to write off their full costs less estimated residual value over their expected useful lives at the following rates:

Computer equipment	25% straight line
Furniture & fittings	25% straight line
Motor vehicle	25% straight line

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IN HIS PRESENCE FOURSQUARE CHURCH

Statements of Financial Activities for the year ended 31 December 2021

		Unrestricted	Restricted		Total
		Fund	Fund		2022	2021
Incoming resources	Notes				£	£
Voluntary incomes		52,582		0	52,582		33,949
Grant income		15,280		0	15,280		15310
Total incoming resources		67,862		0	67,862		49,259
Resources expended
Church activities		24,662		0	24,662		20,281
Grant related expenses		540		0	540		7,779
Total resources expended		25,202		0	25,202		28,060
Net (Outgoing)/incoming resources
before transfers		42,659		0	42,659		21,199
Gross transfers between funds		0		0	0		0
Net (Outgoing)/incoming resources after transfers
and before other recognised gain/loss		42,659		0	42,659		21,199
Gain/(loss) on revaluation and disposal	of
investment assets		0		0	0		0
Net movement in funds		42,659		0	42,659		21,199
Total funds b/f at 1 January 2022		50,828		0	50,828		29,629
Total funds c/f at 31 December 2022		93,487		0	93,487		50,828

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IN HIS PRESENCE FOURSQUARE CHURCH

Balance sheet at 31 December 2022

Notes 2022 £ Fixed assets Tangible assets 2 329 Current assets Cash at bank and in hand 106,198 106,198 Creditors: amounts falling due within one year 3 (13,040) Net current assets 93,158 Total assets less current liabilities 93,487 Funds of the Charity Unrestricted fund 93,487 Restricted fund 0 Total Funds carried forward 93,487	2021 £ 329
	63,824
	63,824
	(13,325) 50,499
	50,828
	50,828 0
	50,828

Approved by the Board of Trustees on 24 October, 2023 and signed on their behalf by

Mr. Gbadebo Dasaolu Chair, Board of Trustees

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IN HIS PRESENCE FOURSQUARE CHURCH

Notes to the Financial Statements for the year ended 31 December 2022

1. Incoming resources Tithes & offerings Gift aid repayment Rent Others Building 2. Resources expended Rent Honorarium Utilities Telephone & communication Administration & Stationery Publicity and evangelism Transport and travellinig Training/conference Legal/professional fees Accounting fee Depreciation Welfare & entertainment Remittance to HQ	Unrestricted Restricted Total Fund Fund 2022 2021 £ £ 29,295.51 0.00 29,295.51 27,673.53 6,926.25 0.00 6,926.25 6,080.88 0.00 0.00 0.00 0.00 15,000.00 0.00 15,000.00 195.00 1,360.00 0.00 1,360.00 0.00
	52,581.76 0.00 52,581.76 33,949.41
	2,069.57 0.00 2,069.57 6,000.00 5,605.00 0.00 5,605.00 4,800.00 237.57 0.00 237.57 1,631.83 143.88 0.00 143.88 744.88 5,866.34 0.00 5,866.34 393.14 500.00 0.00 500.00 0.00 1,750.99 0.00 1,750.99 632.03 1,070.00 0.00 1,070.00 50.00 0.00 0.00 0.00 0.00 400.00 0.00 400.00 400.00 223.00 0.00 223.00 0.00 6,796.10 0.00 6,796.10 5,129.20 0.00 0.00 0.00 500.00
	24,662.45 0.00 24,662.45 20,281.08

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IN HIS PRESENCE FOURSQUARE CHURCH

Notes to the Financial Statements for the year ended 31 December 2022

1. Net incoming/(Outgoing) resources This is stated after charging: Depreciation Minister’s allowance Accountancy service 2. Tangible fixed assets Cost: As at January 2022 Addition Disposal At 31 December 2022 Depreciation: As at January 2022 Addition Disposal At 31 December 2022 Net book value: As at January 2022 At 31 December 2022 3. Creditors and Accruals Professional services Creditors and accruals	Computer Equipment £ 6,463 890	2022 2021 £ £ 0 0 0 0 450 450 Motor Vehicle Total £ £ 0 6,463 0 890 0 0
	7,353	0 7,353
	6,134 223	0 6,134 0 223
	6,357	0 6,357
	329	£ £ 450 550 12,590 12,775
	996
		13,040 13,325

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IN HIS PRESENCE FOURSQUARE CHURCH

Independent Examiner's Report to the trustees of In His Presence Foursquare Church

I report on the accounts for the year 31 December, 2022 which are set out on pages 5 to 8.

Respective responsibilities of trustees and examiner

The Church's trustees are responsibilities for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that and independent examination is needed. It is my responsibility to:

examine the accounts (under section 145 of the CharitiesAct), to follow the procedures laid down in the General Directions given by the Charity Commission (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 general Directions given by the Charity Commission. 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 include consideration of any unusual items or disclosures in the accounts, and seeking explanations from trustees concerning any such matters. The procedures undertaken do not provide all the evidence that be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

In the course of my examination, no matter has come to my attention:

1. which give me reasonable cause to believe that in, any material respect, the requirements a. to keep accounting records in accordance with section 130 of the Charities Act; and

2. b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or

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

Matthew Odu Practical Advice Consulting Limited 1000 Great West Road, Brentford London. TW8 9DW

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