2023-07-04-accounts - The Shepherd's Flock International Church, United Kingdom

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THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

Report and Financial Statements For the Year ended 04 July 2023

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 04 July 2023

Contents	Page
Legal and Administrative Information	2
Report of the Trustees	3-7
Independent Examiner's report	8
Statement of Financial Activities	9
Balance sheet	10
Notes forming part of the Financial statements	11-14

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 04 July 2023

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

Dr ISAAC OLUWATOWOJU, MB,ChB Dr SABO JOSEPH DANKARO, MBBS DR OLUSEGUN ODUMADE MB, CHB TANISHA CAMPBEL, MSc TOKUNBO OYADAH B. ED FAITH ODUMADE, RN,RM, DR OLUSOJI SUNDAY ODUMADE, MB.ChB, MRCGP

REGISTERED OFFICE

THE SHEPHERD’S HOUSE

3 - 5 BRIAR WAY SKEGNESS LINCOLNSHIRE PE25 3NR

BANKERS

HSBC BANK

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

CHARITY COMMISSION REGISTERED NUMBER 1139669

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 04 July 2023

The Trustees, for the purposes of the Charities Act 1993 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 04 July 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the Charity. The Charity is governed by a Memorandum and Articles of Association.

PRINCIPAL ACTIVITIES, AIMS AND ORGANISATION OF THE CHARITY

The principal activities of the charity continue to be the provision of religious activities, church services, counselling, seminars and other community-based services. The objects of the trust ("the objects") are:

1) The advancement of Christian faith in United Kingdom and worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule.

2) The relief of poverty.

3) Giving psychological and emotional assurance to members via the word of faith and spiritual support

THE MAIN ACHIEVEMENTS OF THE ORGANISATION DURING THE PERIOD WERE:

At Christmas we made gift donations to the widows in the community.
We gave out food items at Christmas to many families in the community, who are low-income earners.
We organized Christmas carol and party for our members and the community, which was attended by other Pentecostal church members.
As part of our contribution to our community, Our Sanitation department Volunteers Clean/Sweep the community centre where we hold our meetings every week.
We regularly visit and pray for the sick in the hospital and at home to give them spiritual support.
We offer free transportation services to members of the community from their houses to meeting centres.
Our drop-in-centre, continue to serve the community and members with free Tea/Beverages/Coffee and Orange/Apple Juice with snacks every Sunday afternoon from 11am -3pm.
We provided counsel and information for people/family facing homelessness, and accommodation challenges; we were able to refer 2 people to Local authority and other organisation who assisted them.

9. Provided free revision classes for primary pupils

We continue to carry out various youth programmes for our youth in the community and we have received reports from parents that our youths are behaving well at school and Home.
We encourage the members to start their own business.
We organise quarterly question and answer programme for Family in the community, tagged “Family Forum”.
Our charity donated to the following organisations: COMPASSION UK, EVANGELICAL ALLIANCE AND BIBLE SOCIETY UK.
Our food bank has increased its capacity to continue to meet the ever increasing demands for support in Skegness and

communities around it.

We continue to sponsor two children via Compassion UK.
We secured the church property by installing gates, internal security systems, and CCTVs.
Our winter cloth bank continues to run to meet the demands of the community.
Our Children and Teens church continue to operate to meet the needs of the respective age group.

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 04 July 2023

PLANS FOR THE FUTURE

Our drive to raise the needed fund, build a multi-purpose auditorium and conference centre within the church property if in top gear with a view to getting the project started within the next financial year. The project would also cover Shepherd’s Café and Health & Fitness Centre.

INCOME GENERATION

The Charity has generated £52,197.00 in donations during the year. This includes both direct transfers into charity’s account and cash donations.

RISKS

The factors that may affect the Charity’s delivery of its objectives include:

a) Reputation of Charity and the relationship with the community.

b) Ability to generate enough funds to successfully complete the identified projects for the charity.

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM has developed a strategy, which specifies how it will deliver the key programmes of work. The strategy also identifies targets and performance indicators.

RESERVES POLICY

The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds is held to meet the above policy of the Charity going forward.

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 04 July 2023

GOVERNANCE AND INTERNAL CONTROL

A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 04 July 2023, the Board had a membership of Seven (7) people.

The Board meets three times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day-to-day activities of the charity. None of the committee members is being remunerated.

All Trustees receive the handbook for Trustees provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.

Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 1993 as amended

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

They include:

A strategic plan and annual budget approved by the Trustees;
regular consideration by the Trustees of financial results, in particular variance from budget; and
Delegation of authority and segregation of duties.

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in its activities.

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 its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 04 July 2023

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 04 July 2023. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

DR OLUSEGUN ODUMADE MB. CHB on behalf of the trust. Trustee 20th December 2023

Independent Examiner’s Report to the Trustees of THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

We report on the accounts of the Trust for the year ended 04 July 2023, which are set out on pages 9 to 13.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is our responsibility to:

examine the accounts (under section 43(3)(a) of the 1993 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
To state whether particular matters have come to our attention.

Basis of independent examiner’s report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

(1) Which gives us reasonable cause to believe that in any material respect the requirements,

to keep accounting records in accordance with section 41 of the 1993 Act; and
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act as amended.

Have not been met; or

(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

20th December 2023

THE SHEPHERD'S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 04 July 2023

Notes INCOMING RESOURCES FROM CHARITABLE ACTIVITIES General Donations 2 Other income-Gift Aid 3 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Charitable activities 4 Governance 5 TOTAL RESOURCES EXPENDED Net income/(outgoing) resources Total funds brought forward Total funds carried forward	Un-restricted funds 2023 £ 34,743 17,454	Restricted Funds 2023 £ - - - - - - - 44,354 44,354	Total Funds 2023 £ 34,743 17,454 52,197 38,138 600 1,425 40,163 12,034 144,188 156,222	Total Funds 2022 £ 67,200 9,727
	52,197			76,927
	38,138 600 1,425			32,179 2,450 13,575
	40,163			48,204
	12,034 99,834			28,723 115,465
	111,868			144,188

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

THE SHEPHERD'S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM BALANCE SHEET AS AT 04 July 2023

2023 Total Notes £ £ FIXED ASSETS Tangible Assets 6 353,680 CURRENT ASSETS Cash at bank and in hand 7 13,802 13,802 Current Liabilities	2023 Total Notes £ £ FIXED ASSETS Tangible Assets 6 353,680 CURRENT ASSETS Cash at bank and in hand 7 13,802 13,802 Current Liabilities	2022 Total £ 354,487 5,001
		5,001
Creditors: amounts falling due within one year 8 Total Asset Less Current Liabilities	(375) 367,107	(300)
		359,188

Current Liabilities Creditors: amounts falling due more one year 9 NET ASSETS FINANCED BY: Unrestricted funds Restricted Funds TOTAL FUNDS 10	(210,885) 156,222 111,868 44,354 156,222	(215,000)

		144,188
		99,834 44,354
		144,188

For the year ending 04 July 2023, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

DR OLUSEGUN ODUMADE MB.CHB on behalf of the trust. Trustee

20th December 2023

THE SHEPHERD’S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 04 July 2023

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.

Cash flow statement

Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in Note 2.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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. Premise’s overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.

Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for support costs and governance costs has been explained in Note 3.

THE SHEPHERD'S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 04 July 2023

Note 2. Incoming Resources - General Donations

Note 2. Incoming Resources - General Donations
General Donations Note 3. Incoming Resources - Other Income Other income- Gift Aid Note 4. Resources Expended - Activities Events & Other bank charges Stationery Mission Support Telephone Honorarium Church building project Utilities Insurance Repairs Equipment Depreciation Subscription Website Travels Sundry Membership Due Rent Interest Payable Advertisement Note 5. Resources Expended – Governance Accountancy Other professional fees	Unrestricted Funds £ 34,743 34,743 Unrestricted Funds £ 17,454 17,454 Unrestricted Funds £ 2,600 119 600 296 350 3,798 2,837 2,454 2,700 808 280 1,046 10,853 180 - 8,857 959 38,738 Unrestricted Funds £ 375 1,050 1,425	Restricted Funds £ -	2023 Total Funds £ 34,743 34,743 2023 Total Funds £ 17,454 17,454 2023 Total Funds £ 2,600 119 - 600 296 350 - 3,798 2,837 2,454 2,700 808 - 280 1,046 10,853 180 - 8,857 959 38,738 2023 Total Funds £ 375 1,050 1,425	2022 Total Funds £ 67,200
		-		67,200
		Restricted Funds £ -		2022 Total Funds £ 9,727
		-		9,727
		Restricted Funds £		2022 Total Funds £ 822 98 2,450 - 4,647 12,356 4,772 766 - 284 2,005 4,808 - 1,622
		-		34,629
		Restricted Funds £		2022 Total Funds £ 300 13,275
		-		13,575

THE SHEPHERD'S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 04 July 2023

			2023	2022
Note 6. TANGIBLE ASSETS Cost Additions Revaluation Disposal Total Costs Depreciation Balance brought forward Charge for the year Disposal Transfers Balance carried forward Net book value	Land and Building £ 350,000 - - - 350,000 - - - -	Office Equipment £ 7,326 - -	Total £ 357,326 - - - 357,326 2,839 808 - - 3,647 353,680	Total £ 357,326 - - 357,326 2,073 766 - - 2,839 354,487
		7,326
		2,839 808 -
		3,647

Note 7. Cash at bank and in hand 2023 £ Cash at bank 13,802 13,802 Note 8. Creditors: amounts falling due within one year 2023 This is made up as follows: £ Accountancy Fees 375 375 Note 9. Creditors: amounts falling due more than one year 2023 This is made up as follows: £ Other Loans 40,000 Mortgage Loan 170,885 210,885		2022 £ 5,001
		5,001
		2022 £ 300
		300
		2022 £ 40,000 175,000
		215,000

THE SHEPHERD'S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 04 July 2023

Note 10. Movement in funds

Unrestricted funds Charity's fund Unrestricted funds Gift Aid Note 10.1 Analysis of net assets by fund Cash at bank and in hand Other net assets (liabilities)	Opening balance £ - - - - Unrestricted Funds £ 13,802 142,420 156,222	Incoming resources £ 34,743	Resources expended £ (40,163) (40,163) - (40,163) 2023 Total Funds £ 13,802 142,420 156,222	2022 Total Funds £ 5,001 139,187
		34,743
		17,454
		52,197
		Restricted Funds £ - -
		-		144,188

Note 11. TRUSTEES REMUNERATION The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year (2023: £nil)

Note 12. As a company, THE SHEPHERD'S FLOCK INTERNATIONAL CHURCH, UNITED KINGDOM is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have arisen in the Company.

Note 13. Control

The ultimate controlling parties are the directors’ as stated on page 2.