FOURS UARE GOSPEL CHURCH ESSEX 200 HUNTERS HALL ROAD DAGENHAM RMIO 8HU CHARITY REG 1156691 FINANCIAL STATEMENTS FOR THE YEAR LINDED 30'1'H h'OVF.MBFR 2024
FOURS UARE GOSPEL CHURCH ESSEX FOR THE YEAR ENDED 30TH NOVEMBER 2024 LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES: Pastor Adebayo Lawal (Chair) Reverend Akindele Ogundayisi Reverend Akindele Adarijo SECRETARY: Mrs Oluyomi Ayannuga CHARITY NUMBER: 1156691 BANKERS: LLOYDS BANK PLC THE HEATHWAY DAGENHAM, 218 HEATHWAY, ESSEX DAGF.NHAM RMIO 8QS ACCOUNTAINTS: DANIEL FAMOK & ASSOCIATES ACCOUNTANTS & FNANCIAL CON8ULTANTS UNrr 209, TUDORLEAF BUStNESS CENTRE 2-8 FOUNTAYNE ROAD, LONDON N154QL CONTEIYT: l. Trustees, R¢port 2. Independent examiner's Report 3. Siatement of Financial Activities 4. Balance Sheet 5. Notes to the Accounts
FOURS UARE GOSPEL CHURCH ESSEX TRL'STEES, REPORT The Trustees have pleasure in submitting their annual Teport and accounts for the yeai. ended 30th November 2024. The finaiicial stal'ements have been prepared in accordance with the accounting policies set out on pagcs 16 to18 and comply with Statement of Recommcndcd Pi'actice (SORP 2015) and the applicable law. CONSTITifTJON OBJF.CTIVES AND PRINCIPAL ACTIVI'I'ILS OF I'HE CHAIUTY The charity is constituted under the declaration of Trust Deed dated 25 November 2013 and is a UK I'egistei'ed chai'ity with numbei. 1156691 and was entered on the Register of Charities on 15 April 2014. The objectives of the chai'ity as set out in the Trust Deed are :_ (a) The advancement of the Christian faith in accordance with the Statement Of Faith detailed in the Schedule hereto ("THE STATEMENT OF FAITH"). (b) The relief of the poor, agcd, sick and those in conditions of hai'd8hip or disti'ess. (c) The promotion of fulfilment of such other charitable purposes as the ti'ustees may from time to time detei"mine. The Trust was involved in Christian outreach programmes designed to increase Christian awai'eness and spi'ead the gospel of our Lord Jesus ChrisL The principal activities of the Charity during the year under review is the advancement of chi'istian religion in accordance with the teachings of the Holy Bible strictly guided by the tenets and doctiines of Foursquare Gospel Churches worldwide. ECUMENICAL LINKS AND RELATIONSIIIPS The Foui'square Gospel Church, Essex is an affiliation of the Foursquai'e Church Gi'eat Britain (GB), which is an affiliate of the Foursquare Gospel Church (USA), an international denomination church with branches in every nation of the world. Foursquai'e Gospel Church (USA) was founded in 1923 by Sister Aimee Mcpherson in Los Angeles (USA). Foursquare Gospel Churches are independently managed by local trustees and accountable to the National Leadership of each county but member churches are universally linked by theological allegiance to the International headquarteiB in Los Angeles, (USA). The UK National body of Fouisquare Gospel Churches known as Foursquai'e Great Britain is headed by the National Leader and managed by elected governing board members.
FOURS UARE GOSPEL CHURCH ESSEX TRUSTEES, REPORT CONTINUED The Foui'square Gospel Church. Essex and other Foursquare churches in UK make financial conti'ibutions and undertakes joint worships, praycrs, b"aining and sen]inars periodically under the UK National body. Fouisquare Great Britain has an internationally accredited pastoral training school whcre continucd development programmes, training and seminars are organised for both aspii'ing and existing pastors by UK National body. Thc Foursquarc Gospel Church, Essex coodinates their christain activities within a cluster area of FouJ%quai'e Church groupings in the UK and rest of EU under the UK national body. The repiEsentatives of the Foui'square Essex attends annual conventions and periodic intei'iiational gatherings coordinated by the Foursquare Church (HQ) in Los Angeles, USA. APPOINTMENT AND ELECTION OF TRUSTEES The management of the charity is the responsibility of the tiustees who are appointed and co-opted undei. the ternis of the Trust Deed. THE INDUCTION AND TRAIIYING OF BOARD OF TRUSTEES AND MEMBERS The induction pi'ocess for any newly appointed member of the board of trustees comprises of an initial meeting with the chair and other trustees where the powers and I'esponsibilitie5 of thc tiustees ai"e clearly explained. To fuither enhance the governance skills of trustees, they are registei'ed for different training evcnts, confcrcnccs and seminars. Thcsc ensures sti'ict compliance with relcvant rcgulations in achicving the objcctives of the charity. To meet the spiritual needs of the members and the development of the total man, the chui'ch send its members and leaders to the national headquarters of Foursquare Church Great Bi'itain Leadership Training School from time to time as scheduled by the academy. The objectives of the academy is to raise people that are sound in ChTlStian faith and encoui'age chai'acter that will make them good parents, peaceful neighbours and law abiding citizens. RISK POI,ICY The Board of Trustees have assessed the major risks to which the charity is exposed particularly those relating to the operations and finance and are salisfied with the i'isk management systems in place to mitigate the risk exposure to the charity. Internal procedures and controls air established which are regularly reviewed to ensure their continued compliance.
FOURS UARE GOSPEL CHURCH ESSEX TRUSTEES, REPORT CONTINUED RESERVE POLICY The tiustees of the charity have a prndent reserve policy, conscious of the fact that the charity is not self-financing and the awareness that reserve must be sct aside in case of funding challenges. The existing policy adopied is to set aside £500 every month (which is £6,000 per yeai) until fui'ther notice. The charity was able to achieve this set goal during the financial year ended 30th November 2024 due to higher income from improved attendance. The reserve policy of the charity will be reviewed due to declining income in recent years. DEVELOPMENT ACTIVITIES AND ACHIEVEMENTS IIY THE YEAR The Trustees ale pleased to report that the Church continued to be successful spiritually by ministering to many people. The church has impi'oved in evangelical and leadership training activities and is inci'easingly reaching out to the community in Essex and the rest of the UK. PUBLIC BENEFIT REPORTING In pui'suing the objects of the charity as duly stipulated in the Trust Deed, the trustees have paid due regard to the Charity Commission's guidance on public benefit and advancement of I'eligion through the following achievements '. (a) WEEKLY WORSHIP HOURS IN THE ESSEX COMMUNITY Dui'ing the financial year ended 30th November 2024, Foursquare Gospel Church, Essex has opened its doors to all members of the public to ptIcipate in the weekly activities and woi"ships in the Essex Community. Foursquare Essex organises crusades, regular evangelism evenis, pi'ayei. meetings and Bible studies l.or members of thc community and the following "oup activities have been cai'iied out during the financial year. (b) YOUTH DEVELOPIVIENT Youth development activities are undertaken by using christian virtues and doctrines to raise public awareness in the Essex community. These activities help the youi)g people to become responsible adults and useful members of the society at large.
FOURS UARE GOSPEL CHURCH ESSEX TRUSTEES, REPORT CONTINUED The social activities undertaken are thosc affecting tlie daily lives of the youth and includes cai'eers event, issucs relating to dangerous drugs, knife crimes, youth PiEgnancies and the effects of single parentage among others. (c) WELFARE SCHEME The trustees of the charity also paid due regard to the public benefits by ensuring that basic needs of peoplc within the Essex community are catered for aiid this are not restricted to the members of the Foursquare chui'ch. The welfare scheme of the liilstees includes December food and groceiy bank, feeding the homeless around the chui'ch premises aftei. Sunday woi'ship houi's, doiiating gift items to old peope homes and distribution of annual gifts to the childi'en unit of Great Om]ond Hospital. (d) PASTORAL CARE AIYD COUNSELLING The ministei.ial tearn at FouiEquare Gospel Church, Essex are well informed and comrnitted in enabling ihe local community in Essex to worship and benefit from the pastoral care of the church. This is achieved through counselling services to any member of the public like old people, single parents and the hopeless. (e) EVANGELISM AND MISSION TEAM SUPPORTS The trustees of Foursquare Gospel Church, Essex are committed to inviting as many people as possible to worship in Dagenham and Essex. The invitations al'e achieved during the outings of the evangelical team who distributes clii'istian tracts and preached the gospel of Jesus Christ to membei's of the public. (fj MEETINGS HELD DURIIYG THE YEAR The Church Council mcet weekly to plan and organise the programmes and activities of the chuwh, while the Board of Trustees meet quarterly to review the charity's policies and strategies theieby reflecting on the past and future activities of the church. Ig) MEMBERSHIP GROUPING AND ACHIEVEMFNfs IN THE YEAR The trustees w'e committed in ministering to the needs of the various membership '0Uping
FOURS UARF GOSPFI. C14URCH FSSEX TRUSTEES, REPORT CONTINUED within and outside the church.The charity provides forum for manpower devclopment of its membeis, cquipping them educationally, socially, spiritually. To enable the charity meet the needs of evely age group, different forum are crcated as follows; I. Sunday School - comprising children between ages 3 to 12 inclusive 11. Youth Gi'oup - compi'ising teenagers between ages 13 to 20 inclusive Ill. The singles 14 ellowship - comprising the unmarricd males and female members IV. The Womcn's Group - cornpi"ising all married women and single women V. The Men's Gi'oup - comprising all matTied men and single men VI. The Elders, Fornm - compi'ising men and women aged 50 and above. The above groups meet regularly to fellowship together. discuss and encourage one another on issues i'anging from social to spiritual wellbeing peculiar to each '0Up. They also have anniversary week in the year lo demonstrate their ingenuity as well as to enhance their skills and acquire more. Vaiious woi'kshops and seminars opened to the community were held periodically. Young people 21$0 engaged in ouli'each ev¢nt8 like drama and dance peifomiances. Th¢ ¢huich cncourages paitiuipalion, ci-eativity, tcamwoi'k and leadership skills of the young people during retreat progi?mmes by sponsoring theii. events. Annual Summer Holiday Club activilies are organiscd foi. childi'en in the Essex community. ACHIEVLMENTS DURING THE FINANCIAL YEAR The church made significant progress towards achieving the objects of thc chai'ity by empowering the youth, and ¢ngaging in outreach programrnes. evang¢lism and mission events a5 listed below. Annual celcbi'ation for hosting and supplying gift matei'ials to thc people in the community. Wcekly conduct of Sunday worship and services, scminars, Bible studi¢s pray¢r meetings et Annual youth paity celebration for marking the end of every h0o1 and academic yeaj. thei'eby ci'eating awar¢ness for holid2tys pi'ograms and training like singing. multi-m¢dia ai)d musical events. Periodic donations of basic it¢ms such as toil¢hies, biscuits, chocolat¢S p¢n and writing material to all youths and adults who came tu the complex (Castlc Green Leisuir C¢ntre) where we fellowship durAng Christian's Festive Times. We¢kly impact to the community by donating snacks and drinks on Sundays for the homeless and the less prtvileged. FINANCIAL CHALLENGES FACIIYG THE CHURCH The main challenge factng the cljurch is the high cost of renting the venues used for conducting oui.
FOURS UARE GOSPEL CHURCH ESSEX TRUSTEES, REPORT CONTINUED weekly activities. This challenge was further compounded witb the dwindling income level of the cliurch which posed as limiting factors for embarking on the laudabl¢ proj¢cls of the charity. FUTURE DEVELOPMENT PLANS The immediate futurc years will see a continued emphasis on achieving the main charitable objects of the charity. There are concluded plans to:_ l) design pi'ogramme of youth orienlated events and activities. This will benefits young people by developing theii. self-confidence together with social and life skills. 2) give all young people in the community oppoitunities to attend the weekly seivices I'egai'dless of theii, personal background, faith, gender or pei3onal circumstances and the pl.0.amieS will eni'ich every attcndce by sharing of skills, aptitudes and life experience. 3) undei'take evangelical activities which comes up monthly where christian tracts and newsletters are distributed to the people along with preaching the gospel of oui. Loi'd Jesus Christ in the neighbourhood. 4) improve membership strength by engaging more revivalists to organise periodic ¢SadeS and more prayer meetings. 5) advance the mental, physical and spiritual welfare of young people by promoting scheme of awards and their personal development. 6) secui'e a permanent office and place of worship through pui'chase or leasehold prOrtY. Statement of Trustees, Res onsibilitles Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year that gives a true and fair view of the charity's incoming resources, application of resources during the year and its state of affairs at the end of the year. In preparing those financial statements wc are required to; (i) (2) Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent;
FOURS UARE GOSPEL CHURCH ESSEX TRUSI'LES, REPORT CONTINUED (3) State whether applicable accounting standards and staternent8 of recommendcd practice, have bcen followed, subject to any material departures, disclosed and explained iii the financial statements. Prcpare the financial statements on the going concern basis unless it is inappropi'iate to pi'esume tliat the Chai'ity will continue in operation. The Ti'ustees al'e responsible for keeping accounting records which disclose with reasonable accui'acy at any time the financial position of the Chai'ity, which ¢nable them to ensure that the financial statements comply with ihe ChaTlties Act 2011. They are also i'esponsible for safeguarding the assets of the Charity and hence for taking i'easonable steps for the prevention and detection of fraud and bl'eaches of law and IEgulations. Internal controls And the mitA ation of ma'or risks The Trustees have assessed the major risks to which the charity is exposed particularly those relating to the opei'atioiis and finance and al'e satisfied with the risk management systems in place to mitigate any risk exposiire. Inde endent Examiners Messi's Daniel Famok & Associates were re-appointed during the calendai. year 2025 as the independent examiners of the charity for the financial year ended 30th November 2024 and they have indicated their intention to continue in office. REI VIE OF THE FINANCIAL POSITION The net incoming resources for the accounting year amounted to a surylus of £1,276 (previous year was a deficit of £ I l) and all of which are allocated to the unrestricted resVeS of the charity.
riOURS UAREI GOSI)LI L CHUIICH Li ssrx TRU.STEEI S, RIt POR'r CONTINUID IIOARD or 'i'RIJSTEI ES TEIC riicnib¢i's of the board of trnste&s who served duriiig Ihe period ivcrc:. Pastoi Adel)ayo l.aMral (Cliaii.) Reveiend Akindele Ogundayisi Rcverend Akilldcle Adanjo APPROVAL This report was approved by tl)c board of Irustees oil Iotb Aiigust 2025 and signed on its bchalf by:_ Seci'etrflry . Mi's Oluyon yqd nlluga
INDEPEIYDENT EXAMINER'S REPORT TO THE TRUSTEES OF UARE GOSPEL CHURCH ESSEX CHARITY NUMBER 1156691 FOURS I report on the accounts of the charity for the year ended 30th November 2024, which air set out on pages 12 to 13. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are responsible foi the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 201 l Act, follow the procedures laid down in the general Directions given by the Chai'ity Commission under section 145 (5) (b) of the 2011 Act; and * state whethel. particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was cari'ied out in accordance with the general Directions given by the Charity Commission. An examination includes a i'eview of the accounting records kept by the chai'ity and a compai'ison of the accounts. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matleTS. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and lair, view and the report is limited to those mattel's set out in the statement below. INDEPENDENT EXAMIIYER'S STATEMENT In connection with my examination, no matter has come to my attention :_ l ) which gives me reasonable cause to believe that in any rnaterial respect the requirements: to keep accounting records in accordance with section 130 of the 201 l Act, and io
INDEPENDENT ELIMIINER'S RKPORT TO THE TRUSTEES OF UARE GOSPEL CHURCH ESSEX CHARITY INUMBER 1156691 FOURS * to prepare accounts which accord with the accounting recor(Ls and comply with the accounting requirements of the 201 l Act have not been met. or 2) to which, in my opinion, attention should be drawn in older to enable a proper understanding of the accounts to be reached. 10th August 2025 MRD.A. AMAKIN ( MSC, FCA ) DANIEL FAMOK & ASSOCIATES ACCOUNTAN"I'S & FINANCIAL CONSULTANTS UNIT 209, TUDORI,FAF BUSINESS CENTRE 2-8 FOUNTAYNL ROAD, LONDON IY15 4QL li
FOURS UARF GOSPEL CHURCH ESSEX STATEMLN'I" OF FINAIYCIAL ACTIVITIES FOR THE YEAR ENDED 30TH NOVEMBER 2024 Notes Unrestrlcted Funds Total 2024 Total 2023 INCOMING RESOURCES Inconiing Resource.sfroiM generaledfunds Voluntary "I'ithes and Offcrings Building ndS & Special Donations HMRC Charities Gift Aid Othei. Voluntaiy income 29,464 29,464 20,678 Total Incoming Resources 29,464 29,464 20,678 RESOURCFS F,XPFNI)LD Chai'ital)le Acti vilies 27,788 27,788 20,289 Governance cost.v 400 400 400 Total resources expended 28,188 NET MOVEMENT IN FUIYDS 1,276 1,276 (I i) RECONCILIA'fioN OF FUNDS Total I'unds brought forward 16,461 16,461 16,472 Total funds carried forward 17,737 There were no recogniscd gains or losses for the year other than those included in the Statement of financial Activities (SOFA). All incoming resources and resources expended derive from continuing activities. The notes on Pages 14 to 18 form part of these accounts. 12
li ()lJllS UJlllL' f()Sl)Ji L ciiuJiciI fi ,%,% Ji X 11A1,ANCI,: siir.Ii'l' AS A'I. 30TIT N()VEMBLi Il 2n24 Notes 2024 21123 ,;I) ASSLII'S T211giblc fixed Asscts CURRE4 NT ASSEI TS YJJvestmctLt Savings Account Casb at Bank aud in hwid 14,342 3.153 11,760 4.627 17,495 IC),387 LE4 SS CREDITORS: (Amounts falling due within one year) 900 1,000 I T CURRENT ASSEI TS li 16,595 l5,387 TOTAL Assf¢ TS LEI SS LIAIIILITJII S 17,737 16,461 REI J)IIEI sfNTEI D BY: Unrcstiicted Funds IILStriclcd fiillds 17,737 16,461 io Apprr)vL'd l) ' tlie llo&rd of I'rustees oil Iotb AuEllst 2025 •iJid SiL¥Jied on 115 bcl)qi If by 'i%lui- AdLlia J'i) J,..IWrfil (CJJ: 13
FOURS UARE GOSPEL CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 I. ACCOUNTINC POLICIES The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's goveming docuinent, the Charities Act 201 I and Accounting and Reporting by ChaTlties- Statement of Recommended Practice {SORP) applicable to charities prepai'ing their accounts in accordance wilh Ihe Financial Reporting Standard applicable in thc UK and Rcpublic of Ircland published on 16th July 2014. 1.] Incoming Resources Voluntar Income Income from tithes and offei'ings collected are included in voluntary incoming resources when these are i'eceivable. Other Income These cornpi'ises other miscellaneous income and are accounted foi. in the p¢i"iod in which it is entitled. Gift Aid Tax Re ment Claim Tax i'epayments due from HM Revenue & Customs in respect of members, givAng are included in incoming resources and restricted for building fvnds when received. The chai'ity has been recognised and appi'oved by HMRC Charities for claiming lax on donations received. Cash lloiv statement The Charity has taken advantage of the exemplion in financial Repoiting Standai'd No l frorn the i'equirements to produce a cashflow statement on the grounds that it qualifies as a small chw'ity. 1.2 Resources ex ended Resources expended are included in the Statement of Financial Activities on accrual bases, inclusive of any Value Added Tax (VAD which cannot be recovered. Certain expenditure are atti'ibutable to specific activities and have been included in those cost categories. 14
FOURS UARE GOSPEL CHURCH ESSEX NOTES TO THE FINAN'CIAL STATEMEIYTS CONTINUED FOR THE YEAR Eh'DED 30TH NOVEMBER 2024 1.3 Tangible Fixed Assets for use by the charity and Depreciation Tangible fixed assets foi use by the Charity are stated at cost less depieciation. Depreciation is calculated to write off the cost less estimated residual value of fixcd assets, ovei. their estimated useful lives on the following basis: Equipment & Musical Instiuments 25 % per annum. Unrestricted Fund 2024 Unrestricted Fund 2023 2. CHARITABLE ACTIVITIES Evangelism & Ovei'seas Missions Honoi'ai'ia and gifts Chui'ch Hall Rental and Service Charges Donations to Other Charities Members, Welfare and SuppoTts Pi'inting, Postage and Stationeiy Travels and Motor expenses Depreciation of fixed assets lnsui.ance Premiums Food, drinks & Hospitality Subscriptions and Membership Equipment Repairs and Maintenance Mcdia, Training and Seminary fees Youth & Voluiiteers, Expenses 5,598 2,152 9,158 1,025 3,845 343 1,034 381 187 2,675 1,160 10,425 830 660 51 312 400 187 2,754 183 515 720 2,092 224 633 533 3. GOVERNALYCE COSTS 2024 2023 Bookkeeping & Accountancy fees Legal and Professional fees 400 400 400 400 15
FOURS UARF GOSPFI. CHURCH ESSF.X NOTES'fo'i'HL Tr'INIlNCIAL S'I'ATEMENTS CONTIIYUED FOR THk YKAR ENDED 30TH NOVKMBER 2024 4. DEBTORS: 2024 2023 Sundry Debtor8 S. NLT MOVEMENT IN FUNDS FOR THE YEAR 2024 2023 The net movement in funds for the year is stated after chai'ging Depreciation of tangible fixed assets- for use by the charity AcLountancy and Independent examination fees 381 400 400 400 6.TR TEESI REMUNER No Trustee has had expenses reimbursed in the period. Thei'e is no staff whose emolumenis exceeded £60,000 during the period 7. TANGIBLE FIXED ASSETS UIPMENT & OFFICF TOTAL 2024 IN TR MENTS COMP TER COST As al I st December 2023 Additions during the yeai" As at 30th November 2024 DEPRFCTATION As at I st Deceinber 2023 Charges foi. the year As at 30th Novembei. 2024 4,512 449 4,961 1,800 6,312 449 6,761 1,800 3,509 363 1,729 18 5,238 381 Net Book Value As At 30th November 2024 1,089 53 1,142 Net Book Value As At 30th November 2023 1,003 71 1,074 16
FOURS UARE GOSPEL CHURCH FSSEX NOTES TO THE FIINANCJAL STATEMFNTS CONTINUED FOR THE YEAR ENDED 30TH NOVEMBER 2024 8. CREDITORS: AMOUNT FALLINC DUE WITHIN ONE YKAR 2024 2023 Accruals for fees 900 900 1,000 1,000 9. UNRESTRICTED FUNDS OF THE CHAIUTY 2024 Unrestricted Fund 2023 UnrestrlLted Fund Balance as at 1st Decembei. 2023 Movement in the funds for the peiiod Balance as at 30th November 2024 16,461 1,276 17,737 16.472 16,461 10. RESTRICTFD FUNDS Buildin Funds Total 2024 Balance as at I st December 2023 Movement in the ndS for the period Balance as at 30th November 2024 17
FOURS UARE GOSPEL CHURCH ESSEX NOTES TO THE FINANCIAL STATEMEIYTS COThYINUED FOR THE YEAR ENDED 3(ITH NOVEMBER 2024 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Total 2024 Tangible fixed assets 1,142 1,142 Net Cuii'ent Assets 16.595 17,737 16,595 18