Charity Accounts Intelreading the accounts so you don’t have to

FOURSQUARE GOSPEL CHURCH (PRAISE CHAPEL)

Registered charity 1154037 · accounts filings on the Charity Commission register

Advancement of christian religion Community outreach events. Provision of welfare support to members. Provision of support to other charities. Conferences and Events.

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · Religious Activities · Get email alerts

Latest income
£82k
Latest spending
£79k
Registered
2013
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net incoming resource of £2,460 for the year ended 31 December 2024. However, the total unrestricted funds carried forward are negative at £(8,549), indicating that unrestricted expenditure exceeded incoming resources and existing unrestricted reserves. The trustees maintain a reserves policy target of three months of annual expenditure.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months of annual expenditure (held: £-9k)
“the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£82k£79k
31/12/2023£54k£54k
31/12/2022£55k£52k
31/12/2021£35k£34k
31/12/2020£24k£37k

Common questions

Is FOURSQUARE GOSPEL CHURCH (PRAISE CHAPEL) financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net incoming resource of £2,460 for the year ended 31 December 2024. However, the total unrestricted funds carried forward are negative at £(8,549), indicating that unrestricted expenditure exceeded incoming resources and existing unrestricted reserves. The trustees maintain a reserves policy target of three months of annual expenditure. Its FY2024 accounts were independently examined.