FOUR SQUARE CHURCH GB, MUSTARD SEED FAMILY CHARITY REGISTRATION NO: 1208359 ANNUAL RETURN FOR YEAR END 31st December 2024. FOUR SQUARE CHURCH GB, MUSTARD SEED FAMILY CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examiner's report Statement of Financial Activities Balance Sheet io Notes on Financial statement 11-13 Income and expense statement 14 FOUR SQUARE CHURCH GB, MUSTARD SEED FAMILY Legal and administrative information Trustees Adenike Rachel Omogboyegun Matthew Okuro Igbu Grace Olukemi Olukakun Adegunloye Chairperson Address 52 Goodwood Close, Birmingham, 836 8QB Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick Manchester M12 4AH Bankers Lloyds Bank Charity Registration Number 1208359 FOUR SQUARE CHURCH GB, MUSTARD SEED FAMILY st Report of the Trustees for the Year Ended 31 December 2024 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31st December 2024 Structure, Governance and Management Objertives and Activities The objects of Four Square Church GB, Mustard Seed Family is to advancement of the Christain faith in accordance with the statement of faith of the Four Square Church as the trustees deem fit from time to time in the United Kingdom. Christian Counsellin& Advice, and Information In propagating the name of Our Lord Jesus Christ, the Church engaged in evangelism, prayer sessions, spiritual counsellin& advice, and information to the general public during regular weekly services. Flnanclal asslstance for charltable objects The parish donated generously to many individuals in need, such as destitute, the disabled and the sick in our society. We also rendered financial support to various organisations in support of their own humanitarian and charitable activities. Other Charitable activities Other charitable activities include; spreading the Word of God among all nations and announting the good news of the Kingdom of God to the poor in spirit. This was done through our Spiritual Worships which are open to the general public, revivals, healings, and evangelism which are conducted to stimulate spiritual awareness among the people, seminars and symposia which are organised for people to know and understand more about the Word of God Financial Sources The church income tomes mainly from the weekly tithes and church building funds, other church contributions such as thanksgiving, annual conference, travel, and music funds. Statement of Trustees, responsibilities The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the Surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have.. Seletted suitable accounting policies and applied them consistently. Made judgments and estimates that are reasonable and prudent, Stated whether applicable accounting standards have been followed, subject to anv material departures disclosed and explained in the financial statements,. and Prepared the financial statements on a going concern basis lunless it is inappropriate to presume that the Charity will continue in operation). The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper 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 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of disclosure of information to independent examiner Report of the Trustees for the Year Ended 31s1 December 2024 We, as IheTfuslees of Ihechariiywho held offi￿ al thedaleof apwoval ollhesefinanoal stalen￿nISa$ sd oul on page2 Cxjnflr￿ sofafas we areaware that: Theie ts no rel￿ant lnlorrna1￿n ol whlch the Charlly's Independ￿¢ examner are unawar< andwehaYetak￿ alllhe steps Ihal weought iohavetakth asTwslees In order lo make ourselves aware of any fdevant infomation a￿1 to eslabksh Ihal the tharills independwt exam￿￿ Is aware ol Ihal informallon. Independent Emamlner. The Charills Indep￿denl eAamlnu. SolorTV)rJ Alh'slar {MAAn of W BUSINE￿ SUPPORT LTD has Indlcaled Iheir willingness to continue bn offte and offer Ihffnselves lof appoinlmenL Thi5 r￿Ort was appr￿ed ty IheTru￿eeSand si9nÉYJon theirbehall ty.. Adenike Rachd Omogbo Jun Dale 26103121r25 cs Camscanner FOUR SQUARE CHURCH GB, MUSTARD SEED FAMILY Independent Examinerfs Report for the Year Ended 31st December 2024 I report on the financial statements of the charity for the year ended 31" December 2024 which comprise the Statement of Financial Activities and Balance Sheet with associate notes. This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under sertion 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent examiner'5 report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work. Respective Responsibilities of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe Act) and that an independent examination is needed. It is my responsibility to.. Examine the accounts lunder Section 145 of the Charities Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 14515llbl of the Charities Act),. and To state whether matters have come to my attention. Basi5 of Independent Examiner'5 report My examination was carried out in accordance with the General Dirertions given by the Charity Commissioners. An examination intludes a review of the atcounting records kept by the Group/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 explanations 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 no opinion is given as to whether the accounts present a 'true and fair, view, and the report is limited to those matters set out in the statement below. Independent Examlner's statement In connection with my examination, no matter has come to my attention.. 11 which gives me reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with section 130 of the Act,. and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. SOLOMON ALLISTAR IMAATI Dated.. 0110412025 FOUR SQUARE CHURCH GB, MUSTARD SEED FAMILY Statement of Financial activities Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 Notes Incoming Resources General offerillgs Gift Aid li 4,919.110 1,000.00 5,919.00 li GrAnt$ Total Ineoming Resourees 4,919.00 1,000.00 5,919.00 Resources expended Direct charitable expenditure GovernaThce cost li 4,844.02 4,844.02 li Total resources expended 4,844.02 4,844.02 Movement in total fund for the year- Net income / (expenditure) for the year Net Gain (L0550 on iDvesttneDt 1,074.98 Fund Bal blf Fund BAI clf .074.98 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Balance sheet as of 31st December 2024. 2024 2024 2023 2023 Notes FIXED ASSETS Tangible #ssets CURRENT ASSETS 12 2,5(Kl.00 Debtor5 13 Cash at bAnkl in hand 1095.98 CRF.DITORS amounts falling due within one year NET CURRENT ASSETS 1,095.98 TOTAL ASSETS LESS CURRENT LIABILITES 3,595.98 NET ASSETS 3,S95.98 CHARITY FUNDS Unr¢$tricted funds Restricted funs 3,595.98 TOTAL FUNDS 3,595.98 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Notes to the Financial Statement for the Year Ended 31st December 2024 l. Accounting policies The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. a) Basis of accounting The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and are in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities {effective April 2008). b) Incoming resources from generated funds Incoming resources from generated funds represents donations towards weekly tithes, church building fund, thanksgiving, annual conference, travel and other contributions c) Incoming resources- Interest receivable Interest is credited in the year in which it is received. d) Resources expended Expenditure is recognised when a liability is incurred. Funding Provided through cOntrac￿al agreements and performance related grants are recognised as services are supplied. Other grant payments are recogni5ed when a constructive obligation arises that results in the payment being unavoidable. Costs of gcncrating fuiids arc thosc costs incutTcd in attracting voluntary incomc, and thosc incutTcd in activitics that raisc funds. Grants payable are payments made to third parties in the furtherance of the charitsbl¢ objectiv¢s of th¢ Trust. Single or multi-y¢ar grants are account¢d for when ¢ith¢r the recipient has a reasonable expectation that they will receive a gryant and the tr115tees have d&Jreed to pay the &ryant withuut condition. or the recipient has a redsondble expectation that they will receive a grant and any condition allaching to the grant is outsidc of thc control of thc Trnst. Provisions for grants are made when the intention to mak¢ a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs include those incurred in the governance of its assets and are priinarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Depreeiation Depreciation is calculated at rates estimated to write off the cost of all tangible fixed assets over their expected useful lives.. Equipment, Fixtures and Fitting.. 200/0 During the year under review, the church decided to continue to separate its equipinent from it% furniture fixtures and fitting%. A depreciation rate of 200/0 was applied on each category on a reducing balance basis. e} Fund strncture The principal accounting polieies are set out below. The accounting policies have been adopted consistently throughout the year. The funds held by the charity are either.. Unrestricted general funds - these are fijnds which ean be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds earmarked by the trnstees out of unrestricted general funds for specific future Purposes OT projects. Restricted funds - these are fiulds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Endowment funds - these are funds that represent assets which must be held permanently by the charity. Income arising on the endowrnent fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments forni part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. D VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income comprises of donations and tithes 3 Employee information None of Ihe trustees received any remuneratloll or reimbursemenl of expenses during the year. 4 Net income resourees This is stated after charging 2024 2023 POST Depreciation 500.00 5 Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At 10 October 2023 3000.00 3000.00 Additions At 31 December 2024 3000.00 3000.00 Depreciation At 10 October 2023 Provision for year At 31 December 2024 500.00 500.00 500.00 500.00 NET BOOK VALUE 2,500.00 2,500.00 7 Debtors 2024 2023 Prepayment and loans 8 Creditors: amounts falling due within one year 2024 2023 Other Creditors FOUR SQUARE CHURCH GB, MUSTARD SEED FAMILY Income and Expense Statement INCOME Voluntary Donations 5,919.00 TOTAL INCOME 5,919.00 EXPEINSES Charity Evangelism Welfare 1,875.00 1,300.00 880.00 Ad hoc expenses Travel 148.47 154.99 Administration 100.56 Volunteer Lxpen5es 385.00 Total Expenses 4,844.02 Surplus 1.074.98