REGISTERED CHARITY NUMBER: 1088466
THE SHILOH PENTECOSTAL CHURCH SLOUGH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR THE SHILOH PENTECOSTAL CHURCH SLOUGH
| Page | |
|---|---|
| Chairman's Report | 1 to 2 |
| Report of the Trustees | 3 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 10 |
| Detailed Statement of Financial Activities | 11 |
Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW
THE SHILOH PENTECOSTAL CHURCH SLOUGH
CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
Introduction
This report summarises the events and activities, of Shiloh Church Slough from 1st October 2023 to 30th September 2024.
Shiloh Church Slough is committed to providing regular services, spiritual development opportunities, and community engagement events.
This report aims to provide an overview of the Church's activities and its engagement with its core members, and the wider community.
Summary of Activities
Shiloh Church Slough maintained a full bodied schedule, of regular services and meetings, demonstrating a commitment to an ongoing engagement with its congregation. The church utilised a hybrid model, with a majority of events held within the Church Building, and also in tandem online via Zoom, showing a clear effort to maximise accessibility. These activities can be categorised as follows:
Regular Services : The Church prioritised weekly Sunday Services, often featuring Communion, and led by Pastor George and Pastor Jo, and ably supported by other Ministers and Deacons of the Church, confirming a strong emphasis on traditional worship practices. The regular scheduling of Mid-week services held on the Zoom platform, including Prayer Meetings and Bible Studies, highlighted our focus on ongoing spiritual development and fellowship.
THE SHILOH PENTECOSTAL CHURCH SLOUGH
CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
Special Services like "Good Friday Service," "Easter Sunday Service," and "Homegoing Service," indicating services held for specific occasions.
A "Prayer & Fast Week," a dedicated week of daily prayer meetings focused on specific themes, demonstrating a concentrated period of spiritual emphasis.
Visiting Other Churches was also noted, indicating building on and expanding inter-church relations.
Public / External Events : This section reflects the church's interaction with the broader community, including:
Hosting a "Polling Station," showing the church's involvement in the democratic process by providing a space for voting.
Use of church facilities by external groups, shown by "External booking".
A community event hosted by the church, "BBQ Event - Hosted by Men's Ministry (Shiloh Slough)".
Life Events : This section comprised: Christening Wedding Funeral/Homegoing Services
Impact and Achievements
Internal Meetings : A significant number of internal meetings were held, comprising Ministry Team meetings, Doxa Music rehearsals and meetings, Fundraising and Events Team meetings, Trustee Meetings, Youth Ministry, Men's and Women's Ministry meetings. This reflected a strong internal organisational structure, and a commitment to coordinated planning, and the involvement and continued development, of the various ministries within the church. The Doxa Music rehearsals pointed to the importance of inspiring creativity in the membership, and developing vital skills to help enhance Praise & Worship.
Special Events : The church also organised and participated in special events, such as Christenings, Weddings, Christmas Dinner, Youth events, and a Multi-Cultural Day. These events demonstrated a desire to cater to diverse needs within the congregation, celebrate important milestones, and foster a sense of community.
Shiloh Church Slough provided regular spiritual services throughout this period, and maintained a structured schedule of meetings, creating a reliable framework for Worship, Prayer, Fellowship, and Spiritual growth for it's members, and visitors.
The Church's adoption of a hybrid model for services and meetings broadened its reach, and allowed for greater participation among members, and non-members including those who could not attend in person.
The high frequency of internal meetings demonstrates a proactive approach to organisation, planning, and coordination of activities, which contributed to the smooth functioning of the church.
Summary of future Plans
External Engagement : Shiloh Church Slough also engaged with the broader community through events such allowing the use of the Building as a Polling station, Playgroups, and participating in Shiloh National Fellowship events. This demonstrated an outward-facing approach and a willingness to connect with the wider world. The recent tenancy of "Al Hamdd -Playgroup" confirmed a desire to engage with, and build sustainable relationships within the local community.
The Shiloh Pentecostal Church Slough will continue to carry out the Charity's aims, and objectives by maintaining our activities, and exploring opportunities, and other ways we can benefit our local community
Other Services : This section covered a variety of services that were not regular Sunday or Mid-week services. These were:
Prayer-focused gatherings like "Prayer Connect" and "Prayer Services," highlighting dedicated times for prayer, separate from the regular services, emphasizing the importance of prayer within the church.
Services with Specific Ministry Focus, such as "Sunday Service (Men's Ministry..." and "Sunday Service (Women's Sunday)," allowing for targeted focus on the needs and contributions of different groups within the congregation.
Baptism and Communion, with specific mentions of "Christening" and "Communion Service" which, while sometimes part of the Sunday service, were highlighted separately to emphasise these important sacraments.
Fellowship and Connection events like "Coffee Connect," demonstrating the church also created space for informal fellowship and community building.
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THE SHILOH PENTECOSTAL CHURCH SLOUGH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
FINANCIAL REVIEW
Income
- The total income for the 2024 year was £45,215. This is a £4,825 increase from last year.The breakdown of income was as follows:
2024 2023 Donations 4,705 11,071 Gift Aid 2,405 0 Subscriptions 205 300 Tithes 32,387 26,825 Fundraising events 1,030 2,175 Church Hire 4,411 0 Interest received 72 19 Total 45,215 40,390
- Income received from church hire has lead the overall increase in income in 2024. Tithe income has increased, and income from donations has inversely decreased, with the combined tithe and donation income remaining consistent.
Expenditure
-
The total expenditure for the 2024 year was £38,120. This is a decrease of £2,343 from last year.
-
There has been a significant decrease in property repairs since last year. Total property repairs in 2024 were £5,981.Last year property repairs were £12,797. This decrease is due to the fact that the majority of the renovations were completed in 2022, and 2023, therefore minimal repairs were needed in the current year.
-
Cleaning and caretaking costs have increased in the current year to £11,944 from £9,704. This increase of £2,240 is due to the fact that during the current year the only cost was a monthly payment for a caretaker to maintain the property, however this year there are additional costs on top of this for extra cleaning services.
Net cost of activity
The overall net income in 2024 was £7,095 compared to a net expenditure of £73 in 2023. This increase in income is due to the fact that there was an increase in Tithes and Gift Aid income, and additional income from Church hire.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1088466
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THE SHILOH PENTECOSTAL CHURCH SLOUGH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 38,386 | 1,316 | 39,702 | 38,196 | |
| Other trading activities | 2 | 5,159 | 282 | 5,441 | 2,175 |
| Investment income | 3 | 72 | - | 72 | 19 |
| Total | 43,617 | 1,598 | 45,215 | 40,390 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable Activities | 34,807 | 3,313 | 38,120 | 40,463 | |
| ~~—__~~ | ~~——~~ | ~~—~~ | ~~——~~ | ||
| NET INCOME/(EXPENDITURE) | 8,810 | (1,715) | 7,095 | (73) | |
| Transfers between funds Net movement in funds |
9 | (1,715) 7,095 ~~—~~ |
1,715 - ~~—_~~ |
- 7,095 ~~——_.~~ |
- (73) ~~—_—__~~ |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 11,846 | - | 11,846 | 11,919 | |
| TOTAL FUNDS CARRIED FORWARD | 18,941 | - | 18,941 | 11,846 |
The notes form part of these financial statements
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THE SHILOH PENTECOSTAL CHURCH SLOUGH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Fundraising events | 1,030 | 2,175 |
| Church hire | 4,411 | - |
| 5,441 | 2,175 |
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continued...
THE SHILOH PENTECOSTAL CHURCH SLOUGH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Deposit account interest | 72 | 19 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
Trustees were reimbursed for expenses paid for the year ended 30 September 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| U INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Charitable activities Charitable Activities NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
nrestricted funds £ 38,196 2,175 19 40,390 40,463 (73) 11,919 11,846 |
Restricted fund £ - - - - - - - - 2024 £ 1,200 |
Total funds £ 38,196 2,175 19 |
|---|---|---|---|
| 40,390 | |||
| 40,463 | |||
| (73) 11,919 |
|||
| 11,846 | |||
| 2023 £ - |
THE SHILOH PENTECOSTAL CHURCH SLOUGH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Bank loans and overdrafts (see note 8) | 1,761 | - |
| Other creditors | 2,880 | 3,200 |
| 4,641 | 3,200 | |
| LOANS | ||
| An analysis of the maturity of loans is given below: | ||
| 2024 | 2023 | |
| £ | £ | |
| Amounts falling due within one year on demand: | ||
| Bank overdrafts | 1,761 | - |
8. LOANS
9. MOVEMENT IN FUNDS
Funds have increased by £7,095 from the prior year.
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2024.
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continued...
THE SHILOH PENTECOSTAL CHURCH SLOUGH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Subscriptions Tithes Other trading activities Fundraising events Church hire Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Casual wages Catering expense Rates and water Insurance Light and heat Telephone Postage and stationery Cleaning and caretaking Travel and subsistence Computer consumables Property repairs Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2024 £ 4,705 2,405 205 32,387 39,702 1,030 4,411 5,441 72 45,215 3,000 387 824 5,158 3,679 705 18 11,944 2,729 206 5,981 34,631 69 3,420 38,120 7,095 |
2023 £ 11,071 - 300 26,825 |
|---|---|---|
| 38,196 2,175 - |
||
| 2,175 19 |
||
| 40,390 4,670 541 40 5,221 3,309 706 26 9,704 1,475 374 12,797 |
||
| 38,863 - 1,600 |
||
| 40,463 | ||
| (73) |
This page does not form part of the statutory financial statements
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