## **4SQUARE GOSPEL CHURCH, POWER AND AUTHORITY SANCTUARY Registered Charity Commission Number 1174354** ## **Report of the Trustee for the year ended 25[th] June 2022** The trustees present their report with the financial statements of the charity for the year ended 25 June 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2011. The trustees have pleasure of submitting their report and the financial statements for the year ended 31 May 2022. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity aumber - 1174354 The church was registered as a charity on 23 August 2017 as a charitable incorporated organisation. ## **Principal address** 1 Brearly Street, Handsworth Birmingham B21 0JJ ## **Trustees** Michael Taiwo Omoniyi Modede Olusola Dada Rose Olayinka Taiwo ## **Bankers** Lylods Bank - Northfield ## **Significant activities** The principal activities ofthe church are: Christian worship, Christian outreach program to increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man, spiritually, mentally and physically ## **Church History and Status** 4square Gospel Church, Power & Authority Sanctuary as a registered charity organisation in the United Kingdom continue to function purely within the scope of its charitable status since its inception and registration. ## **Operations** The church continues to engage in the propagation of the Christian faith within the community within Birmingham and its environs. **Pandemic: During the period under review, the church gave financial support to some members of the church who lost their means of livelihood due to Covid 19 pandemic. This was possible as a result of the £10000 grant received from Birmingham City Council. We were able to pay arrears of energy bills since there was lockdown. The church had virtual WhatsApp church services for about three Sundays. We could not sustain it due to poor attendance. The frontage of the church used to be a refuse dumping ground by the neighbours within the community. We put slabs on it shortly after the lockdown was lifted.** **November 2021, the roof of the church ripped open and the whole place of worship was flooded. We remain resilient and worshipped God in the flood, even celebrated Christmas in the flood and no light in the building. Not until February 2022 before we could get an Artisan (builder) to fix the roof. The renovation of the church was completed in May 2022.** **The impact of Covid 19 on the church cannot be quantified. We lost a Pastor and a sister to another Pastor passed away. The church was able to minister to the relatives that were bereaved financially. The church participated in the burial through Zoom and WhatsApp virtual platforms.** **We are glad to say that by May and June last year, we welcomed some new members into the church. They are migrants from Africa who came in pursuit of academic and a family relocated from Nigeria to UK due to work. However, some members of the Board of Trustees left the church.** **On the 30[th] of April, we had our Annual General Membership Meeting after which we elected new officers to the Foursquare Gospel Church Council and they will also serve as members of the Board of Trustees on the platform of the Charity Commission of England.** ## **The following were elected, ratified by and prayed for by the entire members of the church.** **1. Pastor Mike Taiwo- Chairman of the Council / Board of Trustees.** **2. Pastor Rose Taiwo – Member of the Board of Trustees.** **3. Brother Omoniyi Modede- Church Secretary & Member of the Board of Trustees.** **4. Brother Olusola Dada- Church Treasurer & Member of the Board of Trustees.** ## As a charity, the church supports: Projects and goals which are aimed at relieving the effect of poverty on the less privileged, as well as bridging the links among the diverse people of our communities. ## Future strategy and policy The trustees are satisfied that the charity has sufficient resourses to maintain its current activities and hope that the congregation will grow and increase naturally with time. ## **4SQUARE GOSPEL CHURCH, POWER AND AUTHORITY SANCTUARY** ## **Registered Charity Commission Number 1174354 ANNUAL FINANCIAL REPORT** |**STATEMENT OF FINANCING ACTIVITIES FOR THE YEAR ENDED 25**
**JUNE 2022**
3,176.12
**INCOMING RESOURCES**
**Notes**
**Unrestricted**
**Funds (£)**
**Incoming resources from generated funds**
**2022**
Voluntary income
2
3 ,286.00
Grant
3
-
**_Total incoming resources_**
**RESOURCES EXPENDED**
3,286.00
Charitable Activities
4
2 ,616.12
Governance costs
**_Total resources expended_**
5
5 60.00
**_SURPLUS (DEFICIT) FOR THE_**
**_YEAR_**
**RECONCILIATION OF FUNDS**
109.88
Funds brought forward from
previous year
2 64.14
**_TOTAL FUNDS CARRIED_**
**_FORWARD_**
**BALANCE SHEET AS AT 25 JUNE**
**2022**
374.02
**ASSETS**
**Unrestricted**
**Funds (£)**
**2022**
Cash at bank
374.02||**Unrestrict**
**ed**
**Funds (£)**
**2021**
1,660.00
10,000.00| |---|---|---| |||1166| |||11,733.33
,
0.00
4,883.33
6,850.00
- 73.33
337.47| |||| |||| |||2| |||
64.14
**Unrestrict**
**ed**
**Funds (£)**
**2021**
79
2.47| ## _**TOTAL ASSETS**_ |Creditors (falling due within the year)

**_NET ASSETS_**

**FUNDS**
Unrestricted General funds
**_TOTAL FUNDS_**|-

374.02

3 74.02
374.02
374.02|(528.33)
264.14
264.14
792.47
264.14| |---|---|---| The financial statements were approved by the Board of Trustees on 30 April 2023 and signed on its behalf by: ON BEHALF OF THE BOARD: ## **Pastor Michael Taiwo** ## **4SQUARE GOSPEL CHURCH, POWER AND AUTHORITY SANCTUARY Registered Charity Commission Number 1174354** ## **Notes to the financial statements for the year ended 25 June 2022** ## **1. ACCOUNTING POLICIES** ## Accounting convention The financial statements have been prepamd under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2011), the Charities Act 2011 and the requirements ofthe Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion ofthe trustees. Restricted funds can only be used for particular restricted purposes within the objects ofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. There are no restricted funds during the year under review ||**£**|**£**| |---|---|---| ||**2022**|**2021**| |**2. VOLUNTARY INCOME**||| |Donations & Oferings - Unrestricted|3,286.00|1,6| |||60.00| ## **3. GRANT** ## **5. GOVERANCE COSTS** |Light and Heating
Rent and Utilities
Repairs and Maintenance|560.00
-
-
560.00|6
50.00
3,5
00.00
2,7
00.00
6,8
50.00| |---|---|---| Birmingham City Council 10,0 00.00 - ## **4. CHARITABLE ACTIVITIES COSTS** Resources expended on charitable activities 2,616.12 4,3 55.00 .................................. .................................. Pastor Mike Taiwo Bro. Omoniyi Modede Chairman Secretary ....................................... .......................................... Bro. Olusola Dada Pastor Rose Taiwo Treasurer Member