2022-03-31-accounts - Shield Of Faith Ministries

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CONTENTS	PAGES
1. CHARITY INFORMATION
2. ACCOUNTANTS' REPORT
3. REPORT OFTHE TRUSTEES	3-4
4. BALANCE SHEET
5. INCOME AND EXPENDITURE ACCOUNT
6. NOTES TO THE ACCOUNTS	7-9

FORTHE	YEA	R ENDED	31MA	RCH 2022
		Unrestricted	Restricted	Endowment	Total Funds
	Notes	Funds	Funds	Funds	2022	2021
INCOME
Incoming resources from donors		90,510			90,510	60,598
Other incoming resources
TOTAL INCOMING RESOURCES		90510			90510	60 598
RESOURCES EXPENDED
Costs ofgenerating funds
Missionary and Charitable giving	3a
Activities directly relating to the
work ofthe church	3b	11,575			11,575	12,463
Church management and admin.	3c	39020			39020	37 180
TOTAL RESOURCES EXPENDED		50 595			50,595	49 643
NET INCOMING/(OUTGOING)		39,915			39,915	10,955
RESOURCES GAINS AND LOSSES
ON INVESTMENTS
NET MOVEMENT IN FUNDS		39,915			39,915	10,955
BALANCE BROUGHT FORWARD AT		544,515			544,515	533,560
PRIOR YEAR ADJUSTMENT
BALANCE CARRIED FORWARD AT		M~4l			5~44 }	544,~1

	SHIELD	OF FAITH MINISTRIES	OF FAITH MINISTRIES
CONSOLIDATED BALANCE SHEET ASAT 31				MARCH 2022
	Notes	Unrestricted	Funds	Unrestricted Funds
		2022		2021
FIXEDASSETS
Tangible Assets			749,015		745,269
CURRENT ASSETS
Triodos Bank		5,146		12,142
Barclays Bank		38,622		22,984
Cash in Hands		513		823
				~949
CURRENT LIABILITIES
Creditors and Accruals		7,834		8,314
CURRENT LIABILITIES
Mortgage		201032		228 389
		208 866		236 703
			164585		~200 754
					~44515
UNRESTRICTED FUNDS
Accumulated Funds		544,515		533,560
Add: Net Income/Outgoing	Resources	39 915		10955
			55444		544.~1

g. All expenditure is accounted	for on an Accrual	for on an Accrual	Basis.
The depreciation	rates as follows:
Computer and Office Equipment					10%
Motor Vehicles					10%
Baptismal Pool					10%
Building Refurbishment					10%
INCOMING RESOURCES		Unrestricted		Restricted	Endowment	Total Funds
			Funds	Funds	Funds	2022	2021
Special Donations-	Gift Aid
Offering			17,182			17,182	4,422
Tithes			63,453			63,453	47,107
Sunday School							0
Building Fund							96
Fund Raising							0
Hall Hire			1,286			1,286	2,457
Love Offering			8,585			8,585	6,493
Other Income							0
Interest			4			4	23
TOTAL INCOMING RESOURCES			KS9			~9~1

	FOR	T	HE	YEA	R ENDE	R ENDE	D	31MAR	CH 2022	CH 2022
					Unrestricted			Restricted	Endowment		Total Funds
					Funds			Funds		Funds	2022	2021
3. RESOURCES EXPENDED					g			g		g
3a.	Missionary and charitable			givin,
3b.	Activity directly relating			to
	the work ofthe Church:
	Church - running	expenses			4,741						4,741	5,232
	Church maintenance				3,036						3,036	6,692
	Sunday school leaders training
	Parish margazines	&	Bookstall
	Upkeep ofChurch	yard
	Evangelism					100					100		129
	Welfare				3,698						3,698		410
	Sundry Expenses						0				0		0
					11575						11575	12	463
3c.	Church Management		&Admin
	Administration				34,350						34,350	32,093
	Bank Charges
	Loan interest				4,670						4,670	5,087
	Arrangement fees
					39020						39020	37	180
TOTAL	RESOURCES EXPENDED				Ss595						2Lsst	~44k
	FIXEDASSETS										ettitmmeenntt
			Building		~en thmal			t~titmn		Motor	Fixtures
			Refurbisbm		Pool					Van	~&mtd s	Total
	COST
	At 1 April 2021			45,835	5,978			697,490		11,006	52,344	812,653
	Addition			5,071							10,000	15,071
	Disposal												0
								5~49l			~344	327~74
	~De recintioo
	At 1 April 2021			9,556	5,977					11,006	40,845	67,384
	Charge for the year			5,091							6,234	11,325
	Disposal												0
	At 31March 2022			Ed4z ~29				@~40		14~2@ 9	ML~9 ~1265	78 709 ~4IL11.
	At 31March 2021			MRS				697490		0	11499	745	269
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