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← Shofar Christian Church Ltd

2024-12-31-accounts

Shofar Christian Church

Report and Accounts Year ended 31 December 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

SHOFAR CHRISTIAN CHURCH LTD

COMPANY INFORMATION

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

Directors/Trustees H Titus N Bain S Mazibuko (resigned April 2024) S Stobar (resigned November 2025) Key Staff H Opperman (until October 2025) M Opperman (until October 2025) S Mazibuko (from December 2024) Governing Document Memorandum and Articles of Association Dated 28 June 2005. Amended May 2009 and July 2020 Company Registration Number 05493001 Charity Registration Number 1111629 Registered Office 120 Busbridge Lane Godalming GU71QJ Independent Examiner Stephen Mathews FCA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers HSBC PUTNEY SW 172 Upper Richmond Rd SW15 2SH

Contents Page
Company Information 1
Trustees' Annual Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-15
Detailed Statement of Financial Activities with Comparatives 16

Page 1

SHOFAR CHRISTIAN CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING Trustees' REPORT)

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

Shofar Christian Church Ltd (the Church), is registered with the Charity Commission in England and Wales (number 1111629) and is a Private Limited Company, governed by its Memorandum and Articles of Association and operates under the name of Shofar UK. The Trustees are collectively referred to as the Trustees in this report.

The Trustees present their report, incorporating the strategic report, together with the financial statements of the Church, for the period from 1 January 2024 to 31 December 2024.

Structure, Governance and Management

The organisational and management structure for this Church is built around accountability, transparency and communication. To achieve this, the Trustees includes members who represent the spirit, ethos and character of what the Church stands for and believes in and ensures an overall, holistic diagnosis of the Church’s health and vitality.

Responsibility for setting policy and making operating decisions rests with the Trustees who meet regularly to monitor the activities of the Church. Responsibility for the day to day operations of the Church has been delegated to a pastoral team. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Strategic report

Objectives and Activities

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are:

a) advance the Christian faith,

b) advance education in accordance with Christian principles,

c) relieve persons who are in conditions of need or hardship.

The Trustees observe that the Church is a collection of common people from all walks of life, transformed by the life-altering work of God's Son, Jesus Christ, rather than a physical structure. According to the New Testament, the Church was a group of individuals who were welltaught and looked after, and who, in addition to loving and serving Jesus Christ, were dedicated to looking out for one another and being a blessing to their community. The elders, members, and trustees of Shofar Christian Church are dedicated to restoring those New Testament values. It is only one of many churches in the region, the nation, and the globe that are rediscovering the joy of knowing Jesus Christ. It is not alone in this. The goal is to see as many people as possible in London, the United Kingdom, and other countries come to know Jesus as their Lord, Saviour, and friend. Our mission at Shofar UK is to make it possible for as many people as possible to join their local congregation and worship at our church. On Sundays, services are held at the Shofar Christian Church.

As referenced in the 2023 report, the Wimbledon church began meeting in Merton Park Baptist Church in Raynes Park from December 2023, which heralded a new season of outreach and mission focus for the borough of Merton, London, and beyond. The move to Merton Park Baptist Church is a similar arrangement to Hillside Wimbledon, with Sunday services conducted in a rented purpose-built venue belonging to and time shared with an established congregation. We are thrilled to report that the Guildford church plant began regular Sunday morning services at the Queen Eleanor's Junior School in Guildford, Surrey. We believe this is an answer to prayer and further confirmation of our vision to build God's church in the Guildford area.

Page 2

SHOFAR CHRISTIAN CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING Trustees' REPORT)

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

Looking back on the events of 2024, Shofar UK continued faithfully sharing the Gospel of Jesus Christ and was actively involved in transforming its community, growing as a community, and living to witness God's Kingdom come to earth. Shofar UK kept up its major activities while launching new ones as part of its goal to reach people in all nations and generations. Among the principal things we did were:

The church remained faithful in its commitment to and involvement in The Turning Mission, a program led by The Gate Church in Reading that equips individuals and churches with the discipleship tools required to spread the gospel in their communities. With mutual support from The Gate Church, Shofar UK continues to develop further in the areas of outreach and engagement, evangelism and evangelism training, and church partnership across denominations throughout the United Kingdom. In addition to bolstering Shofar UK's basic values—which are to reach nations and generations through leadership development, church planting, and disciple-making—we think this partnership gives this church a clear purpose in the modern world: to work in tandem with the larger body of Christ in pursuing a shared objective—that is, to make disciples of Jesus. As part of a team that organised weekly outreach events in Wimbledon, Shofar UK members contributed their dedication as people who care about the lost and the gospel of truth. In addition to being driven by a divine conviction to start a church in Guildford, the church broadened its mission to encompass these initiatives because they embodied the movement's ethos and goal of bringing the gospel to every corner of the globe.

Achievements and Performance

The Trustees appreciate that despite the challenge of practical obstacles, Shofar UK has been able to perform effectively and fulfill expectations in terms of the aims, dreams, and visions that have been placed before it. New initiatives have remained steadfast and are yielding fruit. We continue to see people step forward and support various church activities, including outreach and evangelism, worship, Kids Church, audio and visual, hospitality, and intercession.

• We began 2024 with 21 days of prayer and consecration, focusing on God and His plans for the year ahead. This was followed summarily by our annual global prayer and fast; a concentric activity focus across the global Shofar community, which is elemental to the expression of our faith in God

• We successfully delivered our Life Encounter course, which focused on helping participants renew their walk with God through a fresh encounter with Jesus and the Holy Spirit. Success can be measured by the testimonies that emerged from the activities and the spiritual fruit produced in the lives of the individuals

Page 3

SHOFAR CHRISTIAN CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING Trustees' REPORT)

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

• We completed another year of online Bible School jointly with our European counterpart, Shofar Utrecht in the Netherlands. This perennial activity develops supportive cross-cultural working relationships within the broader Shofar family, as well as deepening individual and corporate faith through the shared experience of studying God's word

• We supported hub venues for the annual Turning Mission week, taking part in the launch evening, prayer meetings, encounter and testimony evenings, and outreaches in the Wimbledon area

• We successfully conducted our "Rise Up" Outreach and Worship event in the Merton area. The day's activities included training, outreach, testimonies and concluded with a worship encounter. We give God the glory as the gospel was preached, people received prayer and the Kingdom of God advanced within the community

Most of the Church's activities are undertaken by volunteers and the Church could not operate effectively without their efforts. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review and Going Concern

Donations received during the period were £66,000 (2023 £60,000), plus a further £6,300 (2023 £8,000) of income arising from the activities undertaken. The Trustees are grateful for the handful of faithful givers during this period maintaining their support in the midst of significant cost of living issues, as well as the ongoing generosity from Shofar Utrecht (Netherlands), helping the Church through this difficult period.

Despite continuous inflationary increases in the UK, expenditure increased only marginally to £88,320 from £77,814 in 2024. Additional savings were achieved on venue and office rental expenses.

The church was financially supported by key staff members who returned a portion of their salaries to ensure the charity could continue to pay its operating costs as they became due, even though this resulted in a deficit for the year. Since then, this loan has been converted into a gift to support the church's operations and charitable goals.

In consultation with the international supporters of the charity, the trustees reluctantly concluded that the charity was not able to continue operating successfully and therefore made the decision to close its active operations in early 2026. The supporters of the charity were informed and steps will be taken for an orderly wind down. Theerefore, the Trustees have assessed that it should not be considered a going concern. The charity therefore has not adopted the going concern basis in preparing its financial statements and have reviewed assets and liabilities as at the 31 December 2024 on that basis. No material adjustment was required.

Responsibilities of trustees under company law

The Trustees are responsible for preparing the Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in

the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

Page 4

SHOFAR CHRISTIAN CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING Trustees' REPORT)

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the Trustees and signed on their behalf by:

Nigel Bain

_______N Bain Nigel Bain (Dec 19, 2025 19:45:24 GMT)

Date: Dec 19, 2025

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

SHOFAR CHRISTIAN CHURCH LTD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 December 2024 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9-11.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I draw attention to Note 2a to the accounts and section headed 'Financial review and Going Concern' in the directors' annual report, the Directors have taken the decision to cease the charity's active operations and so the going concern basis is not appropriate in the preparation of these financial statements. The Directors have considered the valuation of assets and liabilities shown in the these accounts and believe no adjustment is required as a result of that decision. On the basis of these representations, I have not modified my statements in paragraphs 3 and 4 above in respect of this matter.

Other than the matter referred to in the above paragraph, I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Stephen Mathews

Stephen Mathews (Dec 22, 2025 11:08:47 GMT)

Stephen Mathews FCA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Dec 22, 2025

Page 6

SHOFAR CHRISTIAN CHURCH LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
Funds
£
65,876
6,328
72,204
80,554
80,554
(9,035)
(6,515)
(15,550)		 Restricted
Funds
£
449
-
449
1,474
1,474
(340)
2,406
2,065
2024		 Total
Funds
£
66,325
6,328
72,653
82,029
82,029
(9,376)
(4,109)
(13,485)		 2023
Total
Funds
£
59,876
8,062
67,939
77,814
77,814
(9,875)
5,766
(4,109)

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 9-15 form part of these accounts.

Page 7

SHOFAR CHRISTIAN CHURCH LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
8
CREDITORS: Amounts falling
due within one year
9
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
11
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
2,615
-
2,615
(569)
2,065
1,496
2,045
2,065
4,111
(17,596)
-
(17,596)
(15,550)
2,065
(13,485)
(15,550)
2,065
(13,485)
(15,550)
-
(15,550)
(15,550)
-
(15,550)
-
2,065
2,065
(15,550)
2,065
(13,485)
31 December 2024		 31 December 2023
Total
Funds
£
8,621
1,670
10,292
(14,401)
(4,109)
(4,109)
(6,515)
(6,515)
2,406
(4,109)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on

Dec 19, 2025 and were signed on its behalf by:

Nigel Bain Nigel Bain (Dec 19, 2025 19:45:24 GMT) --------------------------------------N Bain

Company number: 05493001 Charity number: 1111629

The notes on page 9-15 form part of these accounts.

Page 8

SHOFAR CHRISTIAN CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared under the historical cost convention, but not on a going concern basis since the Directors made the decision in December 2025 to cease operation in early 2026.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and, as a result of a decision made in December 2025 to cease active operations of the charity in early 2026, have concluded that it should not be considered a going concern. The charity therefore has not adopted the going concern basis in preparing its financial statements and have reviewed assets and liabilities as at the 31 December 2024 on that basis. No material adjustment was required.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 9

SHOFAR CHRISTIAN CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

d) Fund accounting

e) Tangible fixed assets

Motor vehicles 25% reducing balance Furniture and office equipment 25% straight line

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

g) Leased assets

Leases for assets that transfer to the charity substantially all the risks and rewards of ownership are classified as finance leases. Assets under finance leases are recognised as assets of the charity at the inception of the lease at their fair value or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between a finance expense and a reduction of the lease obligation so as to achieve a constant rate of interest on the liability.

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

Receipts of lease incentives are spread on a straight-line basis over the term of the lease; at the balance sheet date the amount of the incentive to be allocated to future accounting periods is carried forward as deferred income.

h) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

i) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

Page 10

SHOFAR CHRISTIAN CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

k) Foreign currency translation

These financial statements are presented in sterling, which is the charity's functional currency.

All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities.

l) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

m) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Other grants receivable
Income tax recoverable		 2024
£
50,766
4,600
10,960
66,325		 2023
£
44,476
4,400
11,000
59,876
4
Income from charitable activities
Church retreats and events
Consultancy and training services
5
Charitable expenditure
a
Costs incurred directly on specific activities
Salaries, travel and expenses
Sunday venue, office rent & council taxes
Church running costs
Education Ministry
Missions Ministry		 2024
£
694
5,634
6,328
2024
£
50,520
12,700
13,403
225
617
77,465		 2023
£
874
7,188
8,062
2023
£
51,597
5,839
13,085
493
1,902
72,917

Page 11

SHOFAR CHRISTIAN CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

b Costs incurred on support & administration

Governance costs
Accounts and Independent examination
Printing, postage and stationery
Office supplies
Sundry expenses
Telephone
Bank fees
Insurance
Total expenditure		 2,100
2,100
867
7
199
597
176
618
4,564
82,029		 1,674
1,674
1,460
277
209
585
234
458
4,896
77,814

The fee payable to the independent examiner for examining and assistance on the accounts was £2,100 (2023: £1,680); in addition the charity paid £584 to Stewardship for payroll bureau services.

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security
Pension costs		 2024
£
55,400
-
1,512
56,912		 2023
£
50,000
205
1,392
51,597

The average monthly number of employees during the year was 2 (2023: 2). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

Key management staff comprises of H Opperman, who was employed as senior pastor and received employment benefits n the year totalling £33,600 (2023: £43,600) and pension contributions of £1,008 (2023: £1,308) and Melanie Opperman, employed as associate pastor with employment benefits in the year of £16,800 (2023: £6,400) and pension contributions £504 (2023: £84). Sifiso Mazibuko, who was a trustee until April 2024, became a member of key management after resigining from his role as a trustee. He received employment benefits of £5,000 and £0 in pension contributions during the year.

In addition the charity incurred expenditure totalling £XX (2019: £XX) in respect of the customary provision of accommodation to [(name of trustee), who is a trustee] [a member of key management], so that they could better perform their duties.

No trustees received employment benefits in either the current or preceding year.

7 Debtors

Falling due within one year:
Tax recoverable
Funds held by Shofar South Africa
Falling due after one year
Staff loan
Total debtors		 2024
£
1,333
1,282
2,615
-
-
2,615		 2023
£
2,539
546
3,084
5,537
5,537
8,621

Page 12

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

SHOFAR CHRISTIAN CHURCH LTD

NOTES TO THE ACCOUNTS

8 Cash at Bank and in Hand

Cash at bank with immediate access
itors: liabilities falling due within one year
Trade creditors
Pensions payable
Other creditors
Accruals		 2024
£
1,496
1,496
2024
£
3,379
1,892
10,225
2,100
17,596		 2023
£
1,670
1,670
2023
£
4,180
2,240
6,292
1,690
14,401

9 Creditors: liabilities falling due within one year

The 'other creditors' represents undrawn salaries due to staff. During the year the key staff, Hercules, Melanie Opperman and Sifiso Mazibuko, did not draw all the salary due to them, in order to help the church fund its other operating costs as they fell due.

10 Pension and rental commitments

During the year employer’s pension contributions totalling £1,512 (2023: £1,392) were payable to defined contribution personal pension schemes. Pension contributions of £1,892 (2023: £2,240) were owing at the balance sheet date.

11 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Missions account
AV Fund
Body Serve
Building Fund
Ukraine Fund
Visa Fund
Aggregate of funds		 Opening
balance
2024
£
(6,515)
(6,515)
-
8
681
1,716
-
-
2,406
(4,109)		 Incoming
resources
2024
£
72,204
72,204
185
-
264
-
-
-
449
72,653		 Outgoing
resources
2024
£
(80,554)
(80,554)
(617)
(261)
(596)
-
-
-
(1,474)
(82,029)		 Transfers
in the year
2024
£
(685)
(685)
432
253
-
-
-
-
685
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
(15,550)
(15,550)
-
-
349
1,716
-
-
2,065
(13,485)

Page 13

SHOFAR CHRISTIAN CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

General
Designated
funds
funds
£
£
Debtors
2,615
Cash at bank and in hand
(569)
-
Creditors falling due within one year
(17,596)
(15,550)
-
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
Outgoing
Transfers
balance
resources
resources
in the year
2023
2023
2023
2023
£
£
£
£
General Unrestricted Funds
2,833
67,570
(75,304)
(1,614)
Total Unrestricted Funds
2,833
67,570
(75,304)
(1,614)
Restricted Funds
Missions account
-
289
(1,902)
1,614
AV Fund
103
-
(95)
-
Body Serve
1,001
80
(400)
-
Building Fund
1,716
-
-
-
Ukraine Fund
-
-
-
-
Visa Fund
113
-
(113)
-
2,933
369
(2,510)
1,614
Aggregate of funds
5,766
67,939
(77,814)
-
Unrestricted Funds		 Restricted
funds
£
2,065
2,065
Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-
-		 2024
£
2,615
1,496
(17,596)
(13,485)
Closing
balance
2023
£
(6,515)
(6,515)
-
8
681
1,716
-
-
2,406
(4,109)

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
8,621
(735)
-
(14,401)
(6,515)
-
Unrestricted Funds		 Restricted
funds
£
2,406
2,406		 2023
£
8,621
1,670
(14,401)
General
funds
£
8,621
(735)
(14,401)
(6,515)
(4,109)

The Church had made an interest-free staff loan to Hercules Opperman, pastor of the church and a key member of staff. The original loan was for £6,846 and was repayable by instalments. By December 2023 it had been reduced to £5,537 and was fully repaid in the period ended 31 December 2024. The loan was secured by guarantees from Shofar Netherlands and Shofar South Africa. See also Note 9.

Page 14

SHOFAR CHRISTIAN CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

12 Transactions with related parties

During the year the charity:

Except as disclosed in note 6 'Analysis of staff costs' and Note 7 'Debtors' there have been no other transactions with related parties during the year.

13 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 15

SHOFAR CHRISTIAN CHURCH LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE 12 MONTHS ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Donations in kind
3
Charitable activities
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net income/(expenditure)
Transfers between funds
11
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 General
2024
£
65,876
-
6,328
-
72,204
80,554
80,554
(8,350)
(685)
(9,035)
(6,515)
(15,550)
Unrestricted fund		 Restricted
2024
£
449
449
1,474
1,474
(1,025)
685
(340)
2,405
2,065		 Total
2024
£
66,325
-
6,328
-
72,653
82,029
82,029
(9,376)
-
(9,376)
(4,109)
(13,485)		 General
2023
£
59,508
-
8,062
-
67,570
75,304
75,304
(7,734)
(1,614)
(9,347)
2,833
(6,515)
Unrestricted funds		 Restricted
2023
£
369
369
2,510
2,510
(2,141)
1,614
(528)
2,933
2,405		 Total
2023
£
59,876
-
8,062
-
67,939
77,814
77,814
(9,875)
-
(9,875)
5,766
(4,109)

Page 16