REPORT OF THE DIRECTOR AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2021 FOR Shield Evangelical Church
Shield Evangelical Church
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2021
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Director | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Notes to the Financial Statements | 6 |
| Notes to the Financial Statements | 7 |
| Report of the Accountant | 8 |
| Trading and Profit and Loss Account | 9 |
Shield Evangelical Church COMPANY INFORMATION FOR THE YEAR ENDED 31st December 2021
| TRUSTEES: | Mr Adam John Rushton |
|---|---|
| Mr Peter Maloney | |
| Mr Trevor Halcrow | |
| REGISTERED OFFICE: | 54 St. Aidans Road |
| South Shields | |
| Tyne & Wear | |
| NE33 2EY | |
| CHARITY REGISTERED NUMBER: | 1161331 |
| ACCOUNTANT: | Thompson Accountancy Services (Sunderland) Limited |
| 33 Mere Knolls Road | |
| Roker | |
| Sunderland | |
| Tyne & Wear | |
| SR6 9LG |
Page 1
Shield Evangelical Church
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st December 2021
The trustees presents there report with the financial statements of the company for the year ended 31st December 2021.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Religious Activities
ON BEHALF OF THE TRUSTEES:
Mr A J Rushton Mr P Maloney Mr T Halcrow
Date:
Page 2
Shield Evangelical Church
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31st December 2021
| TURNOVER COST OF SALES Opening stock and work in progress Purchases Carriage Closing stock and work in progress GROSS PROFIT ADD:OTHER INCOME Interest received Grants Misc income LESS:OVERHEADS NET PROFIT BEFORE TAX LESS: TAXATION LESS: DIVIDENDS Retained profit brought forward RETAINED PROFIT CARRIED FORWARD |
2021 48,640 - 3,003 - - 3,003 45,637 93.83% 11 - - 45,648 (37,256) 8,392 0 0 8,392 115,260 123,652 |
2020 143,814 - 1,451 - - |
|
|---|---|---|---|
| 1,451 | |||
| 142,363 - - - |
|||
| 142,363 (42,238) |
|||
| 100,125 0 0 |
|||
| 100,125 15,135 |
|||
| 115,260 |
Page 3
| Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 - CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 8,915 107,935 Cash at Bank and in Hand 12,761 7,325 21,676 115,260 CREDITORS: Amounts falling due within one year 8 4,802 - 16,874 115,260 201,874 115,260 CREDITORS: Amounts falling due after more than one year 9 (78,222) - 123,652 115,260 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 123,652 115,260 123,652 115,260 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2021 31-Dec-21 31-Dec-20 |
Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 - CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 8,915 107,935 Cash at Bank and in Hand 12,761 7,325 21,676 115,260 CREDITORS: Amounts falling due within one year 8 4,802 - 16,874 115,260 201,874 115,260 CREDITORS: Amounts falling due after more than one year 9 (78,222) - 123,652 115,260 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 123,652 115,260 123,652 115,260 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2021 31-Dec-21 31-Dec-20 |
Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 - CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 8,915 107,935 Cash at Bank and in Hand 12,761 7,325 21,676 115,260 CREDITORS: Amounts falling due within one year 8 4,802 - 16,874 115,260 201,874 115,260 CREDITORS: Amounts falling due after more than one year 9 (78,222) - 123,652 115,260 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 123,652 115,260 123,652 115,260 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2021 31-Dec-21 31-Dec-20 |
Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 - CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 8,915 107,935 Cash at Bank and in Hand 12,761 7,325 21,676 115,260 CREDITORS: Amounts falling due within one year 8 4,802 - 16,874 115,260 201,874 115,260 CREDITORS: Amounts falling due after more than one year 9 (78,222) - 123,652 115,260 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 123,652 115,260 123,652 115,260 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2021 31-Dec-21 31-Dec-20 |
|---|---|---|---|
| £ 185,000 - - 8,915 12,761 21,676 4,802 16,874 201,874 (78,222) 123,652 - 123,652 123,652 31-Dec-21 |
|||
| 21,676 4,802 |
115,260 - |
||
| 115,260 - |
|||
| 115,260 | |||
| - 115,260 |
|||
| 115,260 |
ON BEHALF OF THE TRUSTEES:
Mr A J Rushton Mr P Maloney Mr T Halcrow
Page 4
Shield Evangelical Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002).
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets
Depreciation is provided at the follwing annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 18% on cost Fixtures and Fittings - 18% on cost Motor Vehicles - 18% on cost
Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Pensions
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.
2. OPERATING LOSS
The operating loss is stated after charging:
| Depreciation - owned assets Profit on disposal of fixed assets Pension costs Directors emoluments and other benefits etc |
2021 2020 £ £ 0 0 0 0 0 0 |
|---|---|
| 0 0 |
Page 5
Shield Evangelical Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2021
3. TAXATION
Analysis of the tax credit
The tax credit on the loss on ordinary activities for the year was as follows:
| Current tax: UK corporation tax Adjustment to previous year Total current tax Tax on loss on ordinary activities IVIDENDS Equity dividends paid |
2021 2020 £ £ 0 0 0 0 |
|---|---|
| 0 0 |
|
| 0 0 |
|
| 2021 2020 £ £ 0 0 |
4. DIVIDENDS
5. TANGIBLE FIXED ASSETS
| COST: At 1st January 2021 Additions For Year 31st December 2021 DEPRECIATION: At 1st January 2021 Charge for the year 31st December 2021 NET BOOK VALUE: At 1st January 2021 31st December 2021 6. STOCKS Stock Work in progress 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Inter Company Trade Debtors |
Plant and Freehold Machinery Property |
Motor Motor Vehicles Vehicles |
|---|---|---|
| £ £ 0 0 0 185000 0 185000 |
£ £ 0 0 0 0 0 0 |
|
| 0 0 0 0 |
0 0 0 0 |
|
| 0 0 |
0 0 |
|
| 0 0 |
0 0 |
|
| 0 185000 |
0 0 |
|
| 2021 2020 £ £ 0 0 0 0 |
||
| 0 0 |
||
| 2021 2020 £ £ 0 0 0 0 |
||
| 0 0 |
Page 6
Shield Evangelical Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|
| Trade creditors Loans VAT HMRC 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Hire Purchase Loans 10. CALLED UP SHARE CAPITAL Authorised, allotted, issued and fully paid: Number: Class: Nominal value: 100 Ordinary £1 |
2021 £ 0 4802 0 0 4802 2021 £ 0 78222 2021 £ 0 |
2020 £ 0 0 0 0 |
| 0 | ||
| 2020 £ 0 0 |
||
| 2020 £ 0 |
Page 7
Shield Evangelical Church
REPORT OF THE ACCOUNTANT TO THE TRUSTEES OF SHIELDS CHURCH
As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31st December 2021, set out on pages 3 to 9, and you consider that the company is exempt from an audit under section 249A(1) of the Companies Act 2006.
In accordance with your instructions, I have complied these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.
A.R.THOMPSON THOMPSON ACCOUNTANCY SERVICES (SUNDERLAND) LIMITED 33 Mere Knolls Road Roker Sunderland Tyne & Wear SR6 9LG
Date:
This page does not form part of the statutory financial statements
Page 8
Shield Evangelical Church
OVERHEAD SCHEDULE
FOR THE YEAR ENDED 31st December 2021
This page does not form part of the statutory financial statements
| PERSONNEL COSTS Salaries Training Pension costs ESTABLISHMENT EXPENSES Rent Rates and water Light and heat Insurance Repairs and renewals GENERAL EXPENSES Motor expenses Telephone Printing, postage and stationery Clothing Room Hire Sundry expenses Donations Subscriptions Advertising Mortgage Interest Travel and entertaining Licence Professional fees Audit and accountancy fees Sundries Plant depreciation Fixtures depreciation FINANCIAL COSTS Bad debts Bank charges Loan Interest Hire purchase interest TOTAL OVERHEADS |
2021 22,587 - 664 23,251 1,293 1,180 - 2,473 434 - 1,443 - - 314 300 - - - - - 5,484 720 - - - 8,695 - 10 2,827 - 2837 37,256 |
2020 28,155 - 922 |
||
|---|---|---|---|---|
| 29,077 - 307 - |
||||
| 307 - - 424 - 2,300 - 4,300 - - - - - 5,110 720 - - - |
||||
| 12,854 - - - - |
||||
| 0 42,238 |
Page 9