Client: SHIELD OF FAITH MINISTRIES CONSOLIDATED FIIYANCIAL STATEMENTS FOR THE YEAR 2025 COLINSON AND COMPANY LTD 210 CHURCH ROAD REGENT 88 OFFICES LOIYDON EIO 7JQ Accountants and Tax Consultants Tel. 02081271180
SHIELD OF FATIH MINISTRIES li CONSOLIDATED FINANCIAL sTATEmEr FOR THE YEAR ENDED 31 MARCH 2025 CONTENrs PAGES I. CHAIUTY KNFORMATION 2. AccouNfAIYTS' REPORT 3. REPORT OF THE TRUSTEES 4. BALANCE SHEET 5. INCOME AND EXPENDrruRE ACCOUNT 6. NOTES TO THE ACCOUIYTS
SHIELD OF FArrH MINISTRIES COIYSOLIDATED FINANCIAL STATEMENT CIIARrrY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 CHAIUTY NUMBER: 1096575 RECISTERED OFFICE: 33 Penryhn creSt Walthamstow London E17 5BH ccouNrANrs: Colinn 8nd Company Ltd Awountants & Consultants 113 Regent 88 Offices 210 Church Road London EIO 7JQ Page I
ACCOUNTANfs' REPORT TO THE TRUSTEES OF CONSOLIDATED FINANCIAL STATEMENT li SHIELD OF FAITH MINISTRIES FOR THE YEAR ENDED 31 MARCH 2025 We have examined the financial stat¢ments on pages 5 to 8 which have been prepared under the accounting Fx)licies sct out OD page 4 for the ycar ended 31 March 2025. nsibilities of Trnstees and Euminer The Trustees are resp)nsible for the prepaTation of ac¢ounts, al they consider that an audit is not required for this year under the Clwities Act 2011 (the 2011 Act) and that an independent examination is needed. It is our r¢sponsibility lo examine the accounts under the 2011 Act. to follow the procedures laid down in the General Directions given by the Charity Commissioners under the 2011 Act). and to state whether particular matters have come to our attention. We conducted our examination in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting cordS kcpt by the 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 concernin8 any such matt¢rs. Th¢ proc¢dures undertaken do not provide all the evidence that would ix required in an audiL and consequently we do not express an audit opirrion on the view 8iv¢n by the awunts. Ini In connection with the examinatio no matter b&8 ClMe to our attention: which gives us re&qonable cage to believe that in any Materi respect the requir¢ments to keep accounting records in accord with the 201 l Act. and lo prepare accounts which accord with the a¢eounting records and comply with the accounting requirements of the 2011 Act have not been met; or to whicls in our OPiDiOfy attention should be drawn in ord¢r to awble 8 proper understanding of the accounts to be reached. COLINSON AND COMPANY LTD AecouDtsDts & Consvllants 113 Regent 88 Offlees 210 Cburcb Road Ddon EIO 7JQ Page 2
SHIELD OF FAITH MtNISTRIES CONSOLIDATED FINANCIAL STATEMENT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their r¢p)rt along with the financial ststements of th¢ charity for the year ended 31 March 2025. The financial statements bav¢ been prepared in accordance with the accounting policles set out on page 4 and comply with the clwiiy's tnLSt deed and applicable below. Constitution and ob" The Shield of Faith Ministries is constituted under a trust deed and is a registered charity number 1096575. The objects of the charity arc worshipping of Gol spreading the word and preaching ihe Gospel of Christ and th¢ life after lif¢, to contsibute to the health and educational nceds of the community. anisAtfion The trustees who have served during the year and since th¢ ycar end are set out below... Alfrcd Samuels (Mr) Dwight Omar Affon Mccook Jacqueline Samuels Gwendolyn Barwell Tyrone Samuels Noaline Osborne Gonlon Nadine Stephens Res¢rvcJ Poll It is the p)licy of the charity to maintain unrestricted fund4 which are the free reserves of the charity, at a level which equates to approximatcly six months unrcslrictcd exkKnditure. This provides sufficient fimds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricd funds were maintained at this level throughout the year. Risk Mana ement The Trustees hav¢ ¢xamiD¢d th¢ major strat¢gic, business and operational risks which the charity faces and confmn that systems have been established to enable rcgular rcwrts to be produced so that the necessary steps can be laken to Icsscn these risk Pge 3
SHIELD OF FAITH MINISTRIES CONSOLIDATED FINANCIAL STATEMENT REPORT OF THE TRUSTEES CONTD. TH YEAR IMAR Trnstees, res nsibilities in relgtion to the fiJaD¢ial %ttemeDts Law applicublL to Lharitkcs tn England gnd Wales requircs the trustces lo prep&re fintmcial slalemcnts for each finanLial vear, whiLh giv¥ a iruc and fail Vic. of ihe charity's fine}laCtIVIll5 during ihc yCaT nd of its financial p)silioii ai thL' L'nd or the )'ear, In prcparing those financial stalemcnt& ihe trustees are required io:. S¢le¢t suitsble accounting w)li¢ies and then apply them consist¢nily Make judgements and lmaS ihat are reasonable and prndeni: State whcthcr applicable accounting stsndards and statements ol. recommended practice have been followtd 8ubject io any dcpartures di10$ed and explained in Ihe finan¢i81 statemenLs: and Prepare the finanLial sthiements on the going. concern blY unl¢ss it is inappropriate lo presume thai the charity will continue in busines5. The Iru51ee5 are r¢snSible for keeping accounting rewrd5 whtch di5c105e with reasonable accuracy al any time Ihc financial tK)silion of Ihe ch8rity and enable thcm to enqure ihRI the fin8neial statements comply with the Charities Aci 201 l. Thev are also r¢spowJible for safeguarding the assas of the charity and hence for thking re&sonable steps for the prcv¢ntion and deleetion of fraud 8nd other irregularities. Approved by the trustees and siwed on Ihetr behglf by: Page 4
SHIELD OF FAITH MINISTIUES CONSOLIDATED STATEMENT OF FINANCIAL AcrtVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Incoming resources from donors Other incomAn8 r¢SOu¢S 110,952 110,952 110.622 TOTAL INCOMING RESOURCES 110 RESOURCES EXPENDED Cvsts of ¥¢n¢rating funds Missionary and Charitablc giving Activities directly relatins to th¢ work of the church Church MAr8¢M¢n¢ and athnin. 2,000 2,640 3b 24.189 24.189 30.412 TOTAL RESOURCES EXPENDED 494 85.494 NET INCOMtNGI(OUTGOING) RESOURCES GAINS AND LOSSES ON INVESTMENTS 25,458 25.458 13,581 NET MOVEMF.NT tN FUNDS 25,458 25,458 13,581 BAI.ANCE BROUGHT FOR WARD AT 598.011 598,011 584,430 PRIOR YEAR ADWSTMENT BALANCE CARRtED FORWARD AT Page 5
SHIELD OF FAITH MINISTRIES CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 rirttd F 20L¥ UttreArtrted Fun(b 24 IXED ASSETS 'I'anyibl<7 A55¢ts 740,072 750.945 CURRF.NT AS8ETS Debtors 8 Prepaymènts 'rriodos Bank Casl) at fJank.% CJ51i in Hand 5.307 52.815 5.307 48.872 IIRRF.NT BII.ITIE CKdiiors and Accruals 11.706 7.539 CURRENT L Moriguge 70 101241 Ac¢Limulated Funds Aclcl.. N¥1 InGom¢/Qut¥oin¥ ReWU¢S 644.371 636.123 APPROVED B Y THE BOAIiD OF I"RUSTECS ON .. ILP.. 20'Z6 AND .8ICNED QN THEIR BEHALF BY. N:)AI.Q..&.. .¥.£) LI4vp... Cy1))01 Sign¢d The n0tr5 on pages 7 10 9 forni part of these financial 5tai¢Encnls. Pge 6
SHIELD OF FAITH MINISTRIES NOTES TO THE CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 The 2ccounts are prepared under the historic41 cost convention with the exception of investh)ents which are stated at market value. They Comply with the requirements of Ststement of Recommended Practice 'Accounting Chariti¢s' ('SORPI and ar¢ In accordance with appltcabl¢ accounting standards. b. Gener81 accumulated funds are unrestricted rtd$ available to the church for its general purposes and include funds designated by the Church for a pgrticular purJN)se: the use of such designated funds rernains at the dis¢retion of the Church's Trust¢¢s. c. There is no Restricted Fund at the momenL d. The governance. management and administration expcnses rerted in note 3 relate to the whole of the Church's activities and a prOrtIOn of these charges arc allocated lo expenditure headings on a basis consistent with the use of the resourtts. Invesiments Stsd at market value. It is the Church's policy to keep valuations up to date such that when investments are sold there is no gain or10&8 aTi3ing to previous ycars. f. Tangible assets are included at cost and de]xeciation is provided on a straight line basis, in oTrler to write otT Lhe ass¢ts over their us¢ful lives. z, All expenditure is accounted for on an Accrual Basis. The depreciation rates as follows: Computer and off Equipment Motor VehicEes Baptismal Pool Bullding Refurt)i8hment I IY/o IOO/o RC Spe¢ial Donations Gift Aid otT¢rirt8 Tithes Sunday School Building Fund Fund Raislng Hall Hire Love Offeriry Donab"¢$ Grant Rece6vJ Other Income Interest TOTAL INCOMING RESOURCFS 14,144 84,520 14,144 84,520 17,259 83,179 1,055 2.162 1298 4,702 3.071 ,055 2,162 1298 4,702 3.071 1,176 2.440 Page 7
SHIELD OF FAITH MINISTRIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 CONTD. Total Fllnds 3. RESOURCES EXPENDED Missionary and charitablc giviry 3b. Activity directly relating to the work of the ChUh. Chur¢h - running expcnses Church maintenance Sunday school leadeTS training Parish margazincs & BkSta1[ Upk¢¢p of Church yard Grant Giving Evangelism Welfare Sundry Expense$ 15.542 2,835 15,542 2,835 19,642 4.880 1.158 4,654 1.158 4.654 1,135 4.755 Church Mana8¢ment & Athnin Administration Bank Char8es Loan interest Arrangement fees 49,743 49,743 52.634 9.562 9,562 11,355 TOTAL RESOURCES EXPEIYDED FIXED ASSE COST At l April 2024 Addition 72.588 5.978 697.490 11.006 70.989 1,045 858.051 3.589 Disposal reeiation At l April 2024 Charge for the year Disposal 28.934 7259 5.977 11.006 61,189 7203 107,106 14,462 121 568 At 31 March 2025 At 31 March 2024 750 945 Pgge 8
SHIELD OF FAITH MINISTRIES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THF YFAR FNDFD 31 MARCH 2025 CONTD. 5. CREDITORS AND ACCRUALS Other creditors Accountancy and Bookkeeping 9.473 6. CLERGY ALLOWANCE No employee rcccived remuneration amounting to mor¢ than £S0.000 in th¢ year. Unrestricted funds comprise thosc funds which thc trnstees are free to use in accordancL with the haritabl¢ objectives 'This is an unincorporated charity. constiluted by trust deed. It's principal objective is spreading the word and prcaching the Gospel of Christ and the life after life and to contribute to the health and educational needs of the community. It hhs UnstrICted funds. It prepares its accounts in accorylan¢c with the SORP and with applicable accounting slandards. Page 9
SHIELD OF FAITH m[sTRIEs NOTES TO THE CONSOLIDATED FtNANCIAL sTATEME1s FOR THE YEAR ENDED 31 MARCH 2025 CONTD. hur - runnin Rent & Rates Light & Heat {EDF) Insurance General Expenses Motor Vehicle Expenses ex 6,802 6,626 15542 Church maintenance Repairs & Maintenan 2.835 Admini Other8 Pastor Samuels Accountancy Stationery Telephone Depreclatlon 7.273 25.900 1,991 1,322 1.158 Pag¢ 10