## **Registered Charity Number 1127207** ## **SHPEHERDFOLD MINISTRY** **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 1 ## **SHEPHERDFOLD MINISTRY** **Trustees Annual Report and Financial Statements For the year Ended 31 December 2024** |**CONTENTS**|**Page**|| |---|---|---| |**Legal and administrative information**||**3**| |**Report of the Trustees**||**4 - 9**| |**Report of the Reporting Accountant**||**10**| |**Statement of Financial Activities**||**17**| |**Balance Sheet**||**18**| |**Notes to the Financial Statements**||**19**| 2 ## **SHEPHERDFOLD MINISTRY** **Trustees Annual Report and Financial Statements For the year Ended 31 December 2024** **Financial Statements for the year ended 31 December 2024** ## **1. Reference and Administrative Details** **Charity Name: Shepherdfold Ministry Charity Registration Number: 1127207 Registered and Operational Office: 27 Retreat House Retreat Place London E9 6RY** **Bankers: NATWEST Bank 20 Amhurst Road London E8 1QZ** **Reporting Accountants: Jacob Manu & Co 64 Broadway Stratford London E15 1NT** 3 ## **Trustees: Who served during the year** **To date of this report: Joycelyn Dankwa (Senio Pastor & Chairperson) Yaw Kumi Estelle Trah Moses Otunbade Bentley Dankwa Omosade Ali Balogun** 4 ## **SHEPHERDFOLD MINISTRY** ## **REPORTOF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Legal Status and Governing Document Shepherdfold Ministry is a faith-based community grassroots charity governed by its constitution, adopted on 1 April 2004. The organisation was registered as a charity on 16 December 2008. The charity supports the spiritual, education, social, health, and welfare needs of disadvantaged and vulnerable families, women, single parents, young mothers, children, and young people. The majority (90%) of service users come from Black, Asian, and Minority Ethnic backgrounds in Hackney and surrounding areas of East London. We help them access services and participate in community activities to live healthy and independent lives. Appointment and Induction of Trustees Trustees of the charity who held office during the financial year and as at the date of this report are set out on page 3. Trustees are elected/appointed in accordance with the rules set out as per Newly elected trustees are provided with a comprehensive induction pack containing Shepherdfold Ministry's constitution and charity trustees' roles and responsibilities. They are always oriented, briefed, and mentored by established trustees on their legal obligations under charity law, the constitution's content, the decision-making process, the objectives, strategies, and the charity's recent financial performance. ## Organisational Structure: Shepherdfold Ministry is governed by a six-member Board of Trustees, which is responsible for setting the charity's overall strategy, direction, and policies. The Board has the ultimate responsibility for the charity's conduct. 5 They ensure that the charity satisfies its legal and contractual obligations at all times. They meet 4 times a year to deliberate on issues that are important for the smooth running of the charity, including risk assessment, safeguarding and management accounts. The Board of Trustees give their time on a voluntary basis. They are never paid for their stewardship but are reimbursed for errands on behalf of the charity. They also appoint people These include Finance, Building, Welfare, Men and Women and Outreach. These committees provide much-needed advice to the trustees, who retain the overall power to establish and implement policies and procedures that will enable the charity to achieve its goals. 6 ## **SHEPHERDFOLD MINISTRY** ## **RREPORTOF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## Risk Management The trustees recognise that any major risk to which the charity is exposed need to be reviewed and systems put in place to mitigate those risks. To this end, the trustees have examined the iew and have considered the major risks that could arise in these areas. They also ensured that adequate action plans are in place to mitigate these and other key risks. In the opinion of the trustees, the charity has appropriate procedures in place, which provide reasonable assurance that the risks identified by them are mitigated to an acceptable level. Major risks identified for this purpose, are those that may have significant effect on: - Quality and suitability of programmes; - Achievement of programme aims and objectives; - Availability of competent volunteers to manage the programmes; - Availability of funding for the programmes. ## OBJECTIVES, AIMS AND PRINCIPAL ACTIVITIES The main aims and objectives of the charity, as set out in its Constitution are: - The relief of poverty and financial hardship, the advancement of education, advancement of religion and relief of sickness in the United Kingdom and Ghana in accordance with the laws of England and Wales as the trustees may from time to time decide. To this end the charity supported by its volunteers carried out the following principal activities during the year under review. - Advanced and promoted the Christian Faith by propagating the Gospel of Jesus Christ and the word of God, that people may be evangelised and believers may be conformed to the teachings of the Lord Jesus Christ - Run a youth club providing after school programmes, grassroots sports and other activities to improve confidence and wellbeing of young people ages 8 to 17 years. - Engaged in charitable community activities, not only for members of the charity, but also the Hackney community at large. The charity supported anybody in need of help regardless of race, background, color or religious affiliation. 7 - Regularly assembled members of the charity and people in Hackney and surrounding areas for fellowship to strengthen family units. - Continued with its flagship project, the National Parents and Youth Forum which focused on preventing harm, violence, gun and knife crime. This provision was for the young people, their family, friends and the wider community in Hackney. - Worked in partnership with the Hackney Council and other agencies to make sure a wide range of services are available to match the needs of our client population. 8 ## **SHEPHERDFOLD MINISTRY** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## ACHIEVEMENTS, PERFORMANCE AND PLANS FOR THE FUTURE ## Delivering Public Benefit The charity has been very active in the Hackney and East London Communities during the cost-of-living crisis, which followed closely after COVID-19. We provided a variety of services, workshops, and community activities in pursuance of our charitable aims. The trustees considered the following specific activities, summarised below, which benefited members of the local community in Hackney. ## Financial and Budget Management As the cost-of-living crisis deepened, the charity organised workshops to empower the community, especially women, single and new mothers on personal financial and budgeting. The sessions showed service users how to effectively manage their finances, budget, prioritise and set smart goals to achieve their objectives. Qualified professionals within the charity sector were invited to lead sessions and help service users to set realistic goals. ## Foodbank The Foodbank became the most important area of support we provided for the Hackney community in 2024. The cost-of-living crisis has brought untold hardship to service users. It affected the health, social life and wellbeing of many vulnerable families and individuals in Hackney and other areas in East London. Many families had to make the difficult choice of feeding their children or heating their homes. Our charity helped about 40 families every week with fresh and cooked food, vegetables, clothing and essential commodities. Our volunteers are always at hand to support families with food parcels, especially vulnerable families in need, including homeless families and people experiencing other complex social problems like mental health. Approximately 520 vulnerable families and people in need were supported with rations of food and basic necessities in the year. 9 ## Teaching/Lectures Approximately 8 hours of preaching and teaching were delivered weekly to enhance the spiritual development and good morals of people in the communities the charity serves. ## Counselling/Prayer Initiative In the period under review, we continued to hold counselling and prayer sessions through the for individuals, families and the poor. We organised monthly fasting and prayer programmes which gave opportunities for people in the community to come together to socialise, sing, prayed for, and supported one another. Those under intense financial pressures were counselled, advised and signposted to specialist support services. The charity organised four retreats in the year to sharpen the social and spiritual development of 100 service users. 10 ## **SHEPHERDFOLD MINISTRY** ## **RREPORTOF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## Family Support/Mariage Seminars One of our flagship programmes is the quarterly seminars to promote strong family values, strengthen marriages and provide support to those who face family challenges. A family meal was provided at the end of every session. We received good feedback on how the project is helping families. We provided advice and counselling to families in need at the sessions. Over 175 families attended the four sessions, with a minimum of 40 families a session, which was encouraging. We also kept faith with many families using the telephone. Volunteers regularly called service users to find out how they feel and if they need anything. This brought many service users we supported very close. We also offered online counselling for families experiencing marriage and personal challenges. ## Children and Young People Project. The charity provided weekly after-school programmes at the Hackney Methodist Church building and park. Sessions were supervised by qualified teachers and volunteers who also served as mentors for many young people. The charity supported 218 young boys and girls ages 7 to 17 years in the year to improve their educational attainments. The youth programme has been a lifeline for many families whose young people come from poor backgrounds and have fewer opportunities like play, socialisation, computers, phones or data. We had to supplement their learning with social activities, homework support and interactive games to enable them to attain their potential. This youth project gave skills and exhumed talents in children and young people to achieve. ## National Parents & Youth Forum In the period under review, the charity revived its National Parents and Youth Forum to fight the growing epidemic of youth crime in East London. Every month, the charity brings parents, community leaders, various voluntary organisations and stakeholders together discuss violence, crime and gang culture in the community. Families from all backgrounds participated in these community sessions as well as online programs. Sessions were organised in fun, interactive and participatory manner enabling people to make friends, increase social networks and develop a sense of belonging in the community. 11 ## Leadership Seminars _In our quest to motivate youth and adults to raise their voices that are not usually heard, the charity_ organised 4 leadership seminars in the year. This developed and enhanced leadership skills in 20 individuals. We also trained 10 young people in community activism to take lead in developing community activism. This annual programme is also aimed at developing and talents, confidence and improved academic achievements. It also helped many young people to integrate better in the wider community. 12 ## **SHEPHERDFOLD MINISTRY** ## **RREPORTOF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## Volunteers Volunteers are central to the charity's ethos and operations. During the year, a poll of 8 permanent volunteers and 12 community members, mostly parents, helped to support our work. They donated their time, expertise, and equipment to implement programmes, raise funds, and provide other services. Volunteers also undertook outreach to residential areas to talk to people about our programs. The charity is very grateful and thanks all volunteers and community people who helped in the year with their generosity. The financial value of this generosity has neither been calculated nor included in the financial statements because it is difficult to quantify in monetary terms. ## Financial Review The charity secured 17 grants totalling £140,535 in the year. These were awarded by The Hackney Small Grants, Hackney Infrastructure Grant, IGU, Lottery Community Grant National Lotteries- Cost of Living Fund, Voice for Change England, Hackney Council Community Grant, Co-opt Grant, London Community Foundation, Award For All, Hackney Infrastructure Grant, Family Action, The Match Fund, Sports England, and CHC. In the year ahead, trustees are confident that adequate assets are available to fulfil the charity's obligations -end are stated in the financial statements. The charity's total income in 2024 amounted to £75,007. This is from donations in addition to the grants mentioned in the first paragraph. Total resources expended in the year totalled £136,159. This included a direct charitable expenditure of £123,499 and governance costs of £12,300. The governance costs comprised the professional and accountancy fees. Trustees approve all costs. ## Reserve Policy The trustees of Shepherdfold Ministry agreed to maintain unrestricted funds, which are free reserves of the charity, at a level of at least 12 months of committed expenditure, excluding direct charitable costs and other costs. To the extent represented by liquid assets, the excess of unrestricted funds will be used to meet recurrent operational costs, except where trustees consider that the funds should be retained for possible future projects. ## Investment Policy The Trustees can invest in such assets as they see fit. The charity's investment policy is appropriate to the nature of the funds for which it invests. The primary investment aim is to provide high security and liquidity and maximise returns while adopting a conservative approach. 13 ## **SHEPHERDFOLD MINISTRY** ## **REPORTOF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** Plans for the Future At the end of the 2024 project year, trustees, volunteers, and stakeholders met to review community needs. Issues identified as important to improving the quality of life for service users include enhancing and expanding the foodbank and warm space to reach more people in the community, reducing isolation and loneliness, giving skills to women, single mothers, and teenage parents, and tackling youth violence and abuse among families. Although goods and services are falling, the cost of living is yet to lower. We have planned to extend our outreach work and provide more support to young people, the poor and the vulnerable in the community. We plan to build community programmes that benefit more people in Hackney and surrounding areas. This will include increasing activity levels among young and older people, counselling services, youth work, parents and young peo violence mitigation and outreach in the community. The charity's number one priority is owning a permanent place of worship through an outright purchase via a mortgage. We use rented premises for our church service and community programs at 99 Chatsworth Road, Hackney. A building committee is empowered to scout for a place of worship of our own. The charity is planning to raise funds annually for the building fund, which will be restricted for the building. The Trustees approved this report Signed Date:30/10/2025 14 ## **Registered Charity Number 1127207** 1. 2. 3. 15 ## 1. ## 2. 3. 16 SHF.PHF.RDFOLD MINISTRY STATFMF.NT OF FINANCIAL ACTIVITIES {SOFA) (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted Unrestricted Funds 2024 Total 2023 Total INCOMING RESOURCES Volunlary ineonte Donations Grant Gift Aid Activitiesfor Generating Funds Special fund raising 23,605 23.605 105,999 140,535 81,622 27,015 140,535 Other incoming resources Interest receivable Total incoming resources RESOURCES EXPENDED Charilable aclivilies.. (Costs of activities in furtherance of the objects of the charity) Direcl costs Gov¢rnan¢e costs Depreciation 107,099 16.400 123,499 9,600 2,700 12,300 360 360 177,992 13,852 360 Total resourees expended 136 159 192 04 Net movement in funds for the period Balance brought forward 23,836 4,145 25 234 113 691 117836 27,981 138 925 166 905 22,551 138 925 Total Funds as at 31 December 2024 166,905 138,925 All of the above results are derived from continuing activities. All gains and losses Recognised in the period are included in the above. The notes on pages 14 to 17 form part of these financial statements 17 SHF.PHF.RDFOLD MINISTRY BALANCF. SHF.F.T FOR THF YF.AR ENDED 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS Tangible assets 7,317 7,677 Current assets Cash at bank and in hand 204,805 178,580 Creditors.. amounts falling due Within one year, 45.216 Net current assets 159,589 131,248 Creditors: amounts falling due after more than one year Net assets 166 906 138 925 Funds Unrestricted funds Restricted funds Total funds 117,836 49 113,691 The trustccs a¢knowlcdge th¢ir r¢8ponsibility lo comply with the r¢quircmcnts of the Charity Commi%%'ion rL'Liulati()n LonLLming acLounting re¢()rd8 and the prLparati()n ()f aec()unts. Joycelyn Dankwah Trustee Date.. .3011012025................... 18 SHF.PHF.RDFOLD MINISTRY NOTF.S TO THF. FINANCIAL STATFMF.NTS FOR THF YFAR FNDF.D 31 DFCFMBF.R 2024 l. Prin¢ip#l accounting policies Th¢ following accounting poliei¢s ha￿'e becn applicd in dcaling with it¢ms which ar¢ ¢onsid¢r¢d mal¢rial abouc ihe ¢harity's financial slal¢m¢nls. Basis of preparation The tinancial statements have been prepared under the historical cost convention and in accordance with the Statement ot"Reeominended Practice (SORP) "Accounting and Reporting by Cliarities" (reN'ised 2005), and applicable Accounting Standards. Funds General funds are unrestricted funds available for use at the Trustees, discretion in furtheMice of the general objectives of the charity and which have not been designated for other purposes. There are no restricted funds. Tangible fixed assets Tangible fixed assets and any incidental acquisition expenses are stated at their purchase price. Depreciation is provided on all tsngible fixed assets when they are brought into use more than six months, at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows.. Music Equipment, Straight Line Incoming resources Voluntary income, comprising donations in the form of regular offerings and tithes, provide5 core funding. This is recognised where there is entitlement certainty of receipt, and the amount can be measured with sufFicient reliability. Volunteers do not incorporate the value of services in these financial staternents. Further details of the contributions made by volunteers Lan be found in the Trustees, Report. Resour¢¢s expended Expenditure is recognised on an acerual basis as liability is incurred. Charitable income and expenditure is allocated to the respective activities, and any shortfall is funded from unresiricted funds. Resources expended Direct costs comprise those incurred by the charity in delii'ering its activities. It includes both expenses that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and legal requirements requirements of the charity. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. 19 ## **4.** |Donations
Gift Aids
Awards for All
Hackney Giving-Living With Codvid
IGU
Hackney Small Grant
Hackney Infrastructure Grant
Santuary Housing
Voice4Change
Hackney Council
London Community Foundation
National Lotteries - Cost of Living
Fund
Lottery Community Grant
Co-op Grant
Family Action
The Much Fund- Food Poverty
Sports England
CHC|**2024**
**2024**
**2024**
**2023**
**Restricted**
**Unrestricted**
**Total**
**Total**
**£**
**£**
**£**
**£**
0
23,605
23,605
105,999
0
0
0
27,015
19,980
0
19,980
0
0
0
0
10,000
1,637
0
1,637
0
0
0
0
2,500
29,800
0
29,800
19,800
2,650
0
2,650
0
0
0
0
2,055
11,934
0
11,934
14,067
20,000
0
20,000
10,000
0
0
0
23,200
10,076
0
10,076
0
2,738
0
2,738
0
600
0
600
0
29,120
0
29,120
0
10,000
0
10,000
0
2,000
0
2,000
0
0
0
0
0| |---|---| ||**140,535**
**23,605**
**164,140**
**214,636**| 20 5. Governance costs The governance costs of the charity consisted of the following costs.. 2024 2023 Accountancy fees Professional fees 2,700 9,600 2,700 11,152 6. Net incoming resources The net incoming resources ale stated after charging the following c05tS'. 2024 2023 Depreciation £360 £360 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7. Tangible fixed assets All as'sels are heldfor charitable purpos'es Compuler Musical /Play Equipmen Eqiiipment Tolal Cost Balances blf Additions - At 31112120231 3,440 7,837 7,837 Accumulated depreeiation Balance blf 3,600 3,600 Charge for the year 360 360 Net Book Value At 3111212024 3,440 3,877 7317 8. Creditors due within l year Professional fees £9,600 9. Taxation 21 The company is a registered charity and is not liable to corporation tax on its Charitable Activities. l O. Related party transactions Other than donations and funds r¢¢¢iv¢d th¢r¢ wer¢ no transactions with r¢lat¢d parti¢s during iho p¢riod. 22