Shiloh International
Charity Number 1152264
TRUSTEES' REPORT
AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31st March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1152264
Registered Office:
Unit 9 Block 1 Dockyard Industrial Estate Woolwich Church Street London SE18 5PQ
Trustees
Reuben Chief Guma Reverend Joyous Guma
Bankers
Tide Bank 4th Floor The Featherstone Building 66 City Road London, EC1Y 2AL
Trustees' Report
The trustees have pleasure in submitting their annual report, and the financial statements of Shiloh International for the year ending 31st March 2024.
Status
The charity was constituted under a Trust deed dated 24th October 2012 as amended on 12th May 2013 as amended on 10th May 2014 and is registered in England and Wales on the 3rd June 2013 with charity number 1152264.
Objects and Activities
The principal objects of the Charity remain:
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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 provision of recreational and leisure time activities and support that develop their skills, capacities, and capabilities.
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To establish or secure the establishment of a community centre for activities promoted by the charity in furtherance of the above objects.
Principal Funding
Funding has been provided mainly through donations by church members and Gift Aid.
Financial Review
The charity received total income of £32,767.22 during the year. Total expenditure for the year was £40,527.79. This resulted in a deficit of £7,760.57 for the financial year.
SHILOH INTERNATIONAL
FINANCIAL ACTIVITIES YEAR-END 2024
Period: 01 April 2023 – 31 March 2024
Revenue
| Revenue | |
|---|---|
| Voluntary Giving | 26,333.61 |
| HMRC Gift Aid | 6,433.61 |
| Building | 0.00 |
| Hall Hire Income | 0.00 |
| HMRC VAT Repay | 0.00 |
| Total Revenue | 32,767.22 |
Expenses
| Expenses | |
|---|---|
| Banking Charges & Fees | 275.88 |
| Books & Reference Materials | 694.87 |
| Business Rates | 2,343.96 |
| Charitable Donations | 824.51 |
| Contracted Labour | 1,600.00 |
| Depreciation Equipment | 4,821.58 |
| Design, Web Hosting & Domain Services | 463.96 |
| Dues and Memberships | 313.34 |
| Electricity | 1,888.00 |
| Events Costs | 350.22 |
| Guest Minister's Honoraria | 1,010.00 |
| IT & Software | 2,041.20 |
| Insurance | 252.60 |
| Liturgy & Church Supplies | 2,680.84 |
| Meals & Entertainment | 1,485.84 |
| Member Training Resources | 278.89 |
| Merchant Fees | 840.11 |
| Missions | 1,092.00 |
| Postage & Delivery | 78.11 |
| Professional Fees | 1,500.00 |
| Rent on Building | 13,000.00 |
| Stationary, IT Consumables, & Office Sup | 624.80 |
| Telephone, Mobile, & Broadband | 1,076.40 |
| Travel & Subsistence | 828.00 |
| Waste Management | 162.68 |
| Total Expenses | 40,527.79 |
Net Deficit -7,760.57
NOTES TO THE ACCOUNTS
1. Accounting Policies
The financial statements have been prepared in accordance with the Charities Act 2011 and follow the recommendations in the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015).
2. Income Recognition
Voluntary income including donations, gifts and legacies are recognised when receivable.
Gift Aid is recognised when claimable from HMRC.
3. Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
4. Going Concern
The charity incurred a deficit of £7,760.57 during the year. The trustees are taking steps to address this deficit and ensure the long-term sustainability of the charity.
Statement of Trustees' Responsibilities
The charity's trustees are responsible for preparing the Trustees' Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The trustees are required to:
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Select suitable accounting policies and apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping 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.
Approved by the Trustees and signed on their behalf by:
Trustee – Reuben Chief Guma
Date: 25 October 2025
SHILOH INTERNATIONAL BALANCE SHEET – YEAR ENDING MARCH 2024
Period: 01 April 2023 – 31 March 2024
| Amount (£) | |
|---|---|
| ASSETS | |
| Fixed Assets | |
| Church Equipment | 16,850.63 |
| Office Furniture & Equipment | 5,921.00 |
| Leasehold Improvements | 7,709.73 |
| Accumulated Depreciation Equipment | (20,961.51) |
| Total Fixed Assets | 9,519.85 |
| Current Assets | |
| Cash in Hand | 0.00 |
| Cash @ Bank | 1,920.96 |
| Debtors | 0.00 |
| Inventory | 0.00 |
| Total Current Assets | 1,920.96 |
| Total Assets | 11,440.81 |
| LIABILITIES & EQUITY | |
| Liabilities | |
| Creditors | 34,005.56 |
| Credit Cards | 0.00 |
| Loans | 0.00 |
| VAT | 0.00 |
| Total Liabilities | 34,005.56 |
| Equity | |
| Retained Earnings Previous Years | (14,804.18) |
| Net Income/(Deficit) Current Year | (7,760.57) |
| Total Equity | (22,564.75) |
| Total Liabilities & Equity | 11,440.81 |
Notes to Balance Sheet:
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Fixed Assets: Comprise church equipment, office furniture, and leasehold improvements accumulated since charity formation. Depreciation of £4,821.58 has been charged for the year.
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Cash at Bank: Represents the closing balance as at 31 March 2024 based on bank statements.
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Creditors: Represents estimated liabilities including any unpaid expenses, accruals, and other amounts owing as at year end. Detailed creditor breakdown requires further analysis of outstanding invoices.
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Negative Equity: The charity has accumulated deficits over multiple years totaling £22,564.75. This represents the excess of liabilities over assets and indicates the charity has been operating at a deficit position.