SHILOH INTERNATIONAL Charity Number 1152264
TRUSTEES’ REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST May 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1152264
Registered Office:
Unit 9 Block 1 Dockyard Industrial Estate Woolwich Church Street, London SE18 5PQ
Trustees
Rev Joyous Guma Rev Reuben Guma Ms Florence Rutazibwa
Independent Examiner
ATS Accounts and Tax Advisers Block 2 Unit 5 Dockyard Industrial Estate Woolwich Church Street SE18 5PQ
Bankers
Barclays Bank 41 Woolwich New Road London SE18 6ET
Trustees’ Report
The trustees have pleasure in submitting their annual report, and the financial statements of Shiloh International for the year ending 31[st] May 2021. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
Status
The charity was constituted under a Trust deed dated 24[th] October 2012 as amended on 12[th] May 2013 as amended on 10[th] May 2014 and is registered in England and Wales on the 3[rd] June 2013 with charity number 1152264
Appointment or Election of Trustees
Trustees are appointed and or co-opted under the terms of the trust deed.
Policies adopted for the induction and training of new Trustee's
The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Lead Pastor on the powers and responsibilities of the trustees.
Organizational structure and decision making
The charity is organized so that the trustees meet regularly to manage its affairs. The Lead Pastor manages the day-to-day administration of the charity.
Related party relationships
Shiloh International is a member of International Ministerial Council of Great Britain (IMCGB) which sets the standards by which independent Churches and their Ministers gain recognition as true Christian Churches and Ministers. IMCGB is an Associate Member of Churches Together in Britain and Ireland (CTBI)
- Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the
charity and are satisfied the systems are in place to mitigate our exposures to the major risks.
Objects and Activities
The principal objects of the Charity are:
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To advance of the Christian faith in the UK and globally for the benefit of the public through the holding of prayer meetings, lectures (public celebration of religious festivals) producing or distributing literature, audio and visual images on Christianity designed to provide spiritual guidance.
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The prevention or relief of poverty anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.
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To advance in life and help young people through:
a. the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; b. providing support and activities that develop their skills, capacities, and capabilities, to enable them to participate in society as mature and responsible individuals.
- To establish or secure the establishment of a community center and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a center for activities promoted by the charity in furtherance of the above objects.
The activities for achieving its objectives include:
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Community outreach events
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Conferences and events
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Welfare support to members and public, and
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• Various missionary activities
Grant making policy
The charity supports visiting ministers of the Gospel both from within and outside the United Kingdom – Uganda to be precise. The charity also supports other charities and missionaries that share its objects in advancement of Christian faith and relief of poverty within the UK and Africa. The charity gives occasional grants to her members who are in need.
Volunteers
The charity benefits from the tireless contribution of its volunteers who were involved its service delivery. An estimated 7000 hours were given by volunteers during the year which if monetized at a value of £8 per hour would amount to approximately £56,000.
Principal funding
Funding has been provided mainly through donations by church members and Gift aid. Special donations are also pledged for specific projects.
Future development
The charity will continue to explore various ways of propagating the gospel of Christ in an effective and efficient manner. The charity is also looking to grow its efforts in community outreach for young people, the homeless and those suffering from terminal illness in its bid to make a life changing impact in the community. However, the pandemic affected these plans and many more.
Statement of Trustees' responsibilities
The charity’s trustees are responsible for preparing the Trustees' Annual Report and financial statements in accordance with applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently.
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Observe the methods and principles in the Charities SORP.
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Make judgement and estimates that are reasonable and prudent.
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Prepare the financial statements on the going concern basis unless it is
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inappropriate to presume that the company will continue in operation.
The trustees recognize their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accrual’s basis and have been examined by an independent examiner, whose report is also appended.
Approve by the Trustees and signed on their behalf by:
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Trustee
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INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31[st] MAY 2021 TO THE TRUSTEES OF SHILOH TABERNACLE
I report on the accounts of the charity for the year ended 31 March 2021 which are set out on the following pages and have been prepared on the basis of the accounting policies shown in the corresponding.
Respective responsibilities of the trustees and the 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
142(2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of Charities Act 2011;
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follow the procedures laid down in the General Directions given by the Charity
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Commissioners (under section 145(5)(b) of the 2011 Act); and
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state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statements below.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
o proper accounting records are kept (in accordance with section 4I of the Act);
o accounts are prepared which agree with the accounting records and comply with the accounting requirements of Act; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ATS Accounts and Tax Advisers Block 2 Unit 5 Dockyard Industrial Estate Woolwich Church Street London SE18 5PQ
Shiloh International
Financial Activities
June 2020 - May 2021
| TOTAL | |||
|---|---|---|---|
| JUN 2020 - MAY 2021 | JUN 2019 - MAY 2020 (PY) | CHANGE | |
| Income | |||
| General Fund Income | 4.05 | 8.69 | -4.64 |
| Gift Aid Recieved | 15,422.42 | 19,665.40 | -4,242.98 |
| Non-Profit Income | 45,530.30 | 46,868.42 | -1,338.12 |
| Rental Income | 7,341.67 | 4,782.50 | 2,559.17 |
| Sales of Product Income | 41.67 | 50.00 | -8.33 |
| Uncategorised Income | 0.98 | -0.98 | |
| Total Income | £68,340.11 | £71,375.99 | £ -3,035.88 |
| TOTAL | £68,340.11 | £71,375.99 | £ -3,035.88 |
| Expenditures | |||
| Business Property Expenses | 20,735.37 | 18,693.00 | 2,042.37 |
| Charitable Activities | 19,401.70 | 11,737.60 | 7,664.10 |
| Church Event Costs | 8,029.61 | 4,503.10 | 3,526.51 |
| Office/General Administrative Expenditures | 21,742.82 | 9,331.97 | 12,410.85 |
| Professional fees | 2,299.25 | 780.00 | 1,519.25 |
| Staff Costs | 7,914.25 | 32,820.66 | -24,906.41 |
| Utilities | 1,985.68 | 2,029.98 | -44.30 |
| Total Expenditures | £82,108.68 | £79,896.31 | £2,212.37 |
| NET OPERATING INCOME | £ -13,768.57 | £ -8,520.32 | £ -5,248.25 |
| Other Income | |||
| Bank Interest | 0.17 | 0.07 | 0.10 |
| Discounts Received/Refunds Received | 1.57 | -1.57 | |
| Gain on Sale of Disposal of Fixed Asset | 15,135.10 | 4,018.89 | 11,116.21 |
| Statutory Funding | 10,000.00 | -10,000.00 | |
| Total Other Income | £15,135.27 | £14,020.53 | £1,114.74 |
| Other Expenditures | |||
| Accrued Unreconciled Reclaimed VAT | -7,680.93 | 7,680.93 | |
| Court Fees | 2,140.00 | -2,140.00 | |
| Current Year Depreciation | 13,066.31 | 1,546.13 | 11,520.18 |
| Loss on Sale of Disposal of Fixed Asset | 2,887.57 | 7,839.40 | -4,951.83 |
| Other Expense | 40.06 | 83.86 | -43.80 |
| Total Other Expenditures | £15,993.94 | £3,928.46 | £12,065.48 |
| NET OTHER INCOME | £ -858.67 | £10,092.07 | £ -10,950.74 |
| NET INCOME/(EXPENDITURE) | £ -14,627.24 | £1,571.75 | £ -16,198.99 |
Accrual Basis Thursday, 9 February 2023 06:29 am GMT+00:00
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Shiloh International
Balance Sheet
As of May 31, 2021
| TOTAL | |||
|---|---|---|---|
| AS OF MAY 31, 2021 | AS OF MAY 31, 2020 (PY) | ||
| Fixed Asset | |||
| Tangible assets | |||
| Church Audio Visual Equipment | 45,040.70 | 27,551.71 | |
| Furniture and Office Equipment | 14,328.39 | 4,817.81 | |
| Leasehold Improvements | 6,446.93 | 7,315.37 | |
| Total Tangible assets | £65,816.02 | £39,684.89 | |
| Total Fixed Asset | £65,816.02 | £39,684.89 | |
| Cash at bank and in hand | |||
| Cash at Bank | 1,204.25 | 1,327.04 | |
| Total Cash at bank and in hand | £1,204.25 | £1,327.04 | |
| Current Assets | |||
| HMRC Repayment | 0.00 | 0.00 | |
| Loans to Others | 0.00 | 0.00 | |
| Prepaid Expenditures | 0.00 | 0.00 | |
| VAT Rebate Due | 1,814.30 | ||
| Total Current Assets | £1,814.30 | £0.00 | |
| NET CURRENT ASSETS | £3,018.55 | £1,327.04 | |
| Creditors: amounts falling due within one year | |||
| Credit Cards | |||
| BarclayCard Credit Card | 0.00 | 0.00 | |
| Total Credit Cards | £0.00 | £0.00 | |
| Current Liabilities | |||
| Rent payable | 0.00 | 0.00 | |
| Suspense Account | 0.00 | 0.00 | |
| VAT Control | 0.00 | -3,384.25 | |
| Total Current Liabilities | £0.00 | £ -3,384.25 | |
| Total Creditors: amounts falling due within one year | £0.00 | £ -3,384.25 | |
| NET CURRENT ASSETS (LIABILITIES) | £3,018.55 | £4,711.29 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £68,834.57 | £44,396.18 | |
| Creditors: amounts falling due after more than one year | |||
| Barclays Bounce Back Loan | 37,000.00 | ||
| Hire Purchase Loan Agreements | 11,809.84 | 9,744.21 | |
| Total Creditors: amounts falling due after more than one year | £48,809.84 | £9,744.21 | |
| TOTAL NET ASSETS (LIABILITIES) | £20,024.73 | £34,651.97 | |
| Charity funds | |||
| Retained Earnings | 34,651.97 | 33,080.22 | |
| Surplus/(Deficit) | -14,627.24 | 1,571.75 | |
| Total Charity funds | £20,024.73 | £34,651.97 |
Cash Basis
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