REPORT OF THE DIRECTOR AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2022 FOR Shield Evangelical Church IdEv lieal CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2022 Page Company Informatlon Report of the Dlre¢tor Proflt and Lo$s Ae¢ount 8alan¢e Sheet Notes to the Flnan¢lal Statements Notes to the Flnan¢lal Statements Notes to the Flnan¢lal Statements Report of the A¢¢ountant Tradlng and Proflt and Lo$s Ae¢ount IdEv COMPANY INFORMATION R THE YEAR ENDED 31st Decemb r 2022 TRUSTEES: Mr Adam John Rushlon Mr Peter Maloney Mr Trevor Halcrow REGISTERED OFFICE: 54 St. Aidans Road South Shields Tyne & Wear NE33 2EY CHARITY REGISTERED NUMBER: 1161331 ACCOUNTANT: Thompson Awounlancy Services Isunderlandl Limited 33 Mere Knolls Road Roker Sunderland Tyne & Wear SR6 9LG Page 1 Shield Evan elical Chur¢h REPORT OF THE TRUSTEES R THE YEAR ENDED 31st Decemb r 2022 The Iruslees presents there report wth the financial slalements ol the Company for the year ended 31 sl December 2022. PRINCIPAL ACTIVITY The principal activity ol the Company in the year under review was that of Religious Activities ON BEHALF OF THE TRUSTEES: Mr A J Rushlon Mr P Maloney MrT Halcrow Date= Page 2 Shield Evan elical Chur¢h PROFIT AND L ACCOUNT FOR THE YEAR ENDED 31st December 2022 TURNOVER 93,181 48.640 COST OFSALES Opening stock and work in progress Purchases Carriage Closing stock and work in progress 3.003 3.003 GROSS PROFIT 93,181 100.00 45.637 ADD..OTHER INCOME Interest received Grants Misc income 93,181 45.648 LESS.'OVERHEADS (55,470) (37,256) NET PROFITBEFORE TAX 37,712 8,392 LESS.. TAXA TION LESS.. DIVIDENDS 37,712 8,392 Retained profit brought forward 123,652 115.260 RETAINED PROFIT CARRIED FORWARD 161,3(A 123,652 Page 3 ShlÈld Evan ellcal Church Balance Shcet FOR THE YEAR ENDED 31$1 DeeÈmbÈr 2022 Notes 31.Dec-22 Jl.Dec.21 FIXED A%%ETS Tangible A%%ei% 185,IKK> 185.0 CURRENT A%%ET4 Stock and work in progre%% TrMde debior% Saving* ALcourtl C&8h t BL2nk and in Hand 8.915 12.761 14,444 28,359 21.676 CREDIT()R%.. Amounts falling due within one yeat 4,802 4.802 23,556 16.874 208,556 201.874 CREDITOR%.. Amoullt% falling due L2fier more th2L n one yeL2r 147,1931 178.2221 161,364 123.652 SHARE CAPITAL AND RESERVES Called up re capittil Pro(il and lo%% accouni io 161,364 123.652 161,364 123.652 ON BEHALF OF THE TRUSTEES.. MrA J Ru8liton Mr P Maloney MrT Ha]crow Page 4 Shield Evan elical Chur¢h NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Decemb r 2022 ACCOUNTING POLICIES Ae¢ountlng ¢onventlon The financial slalements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 20021. Turnover Turnover represents net invoiced sales ol goods, excluding value added tax. Tanglble flxed assets Depreciation is provided at the follwing annual rates in order to write oll each asset over its eslimaled useful life. Plant and Machinery Fixtures and Fillings Motor Vehicles 18°/o on cost 180/0 on cost 18/tt on cost Stock$ Stock and work in progress are valued al the lower of cost and net realisable value, aller making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion ol fixed and variable overheads. Penslons The company operates a defined contribution pension scheme. Contributions payable lor the year are charged in the profil and loss account. OPERATING LOSS The operating loss is staled after charging.. 2022 2021 Depreciation owned assets Profil on disposal of fixed assets Pension costs Directors emoluments and other benefits elc Page 5 Shield Evan elical Church NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 t December 2022 TAXATION Analy$i$ ot Ihe lax credil The lax ¢redil on the loss on ordinary activities lor the year was as follows.. 2022 2021 Current tax.. UK corporation tax Adjustmenl to previous year Total Current tax Tax on loss on ordinary activities DIVIDENDS 2022 2021 Equity dividends paid TANGIBLE FIXED ASSETS Plant and Freehold Ma¢hiner Pro ert Motor Molor Vehicles Vehi¢les COST: At 1 st January 2022 Additions For Year 31 st December 2022 185000 1850QQ DEPRECIATION: At 1 sl January 2022 Charge lor Ihe year 31 st December 2022 NET BOOK VALUE: Al 1 sl January 2022 1850C>C> 31 st December 2022 185000 STOCKS 2Q22 2021 Stock Wort in progress DEBTORS: AmOU￿s FALLING DUE WITHIN ONE YEAR 2022 2021 Inter Company Trade Debtors Page 6 hi Id Evan lical Chur NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 $t December 2022 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Loans VAT HMRC 4802 4802 4802 4802 CREDITORS.. AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR 2022 2021 Hire Purchase Loans 47193 78222 10. CALLED UP SHARE CAPITAL Authorised, allotted. issued and fully paid.. Number.. Class.. Nominal vdue= £1 2022 2021 100 Ordinary Page 7 Shield Evan elical Chur¢h REPORT OF THE ACCOUNTANT TO THE TRUSTEES HIELD HURCH As described on the balance sheet you are responsible for the preparation ol the accounts lor the year ended 31 sl December 2022, set out on pages 3 to 9, and you consider that the company is exempt from an audit under section 249AI11 of the Companies Act 2006. In awordance with your inslru¢lions, I have complied these unaudited financial statements in order lo assist you lo fulFil your stalulory responsibilities, from the accounting records and information and explanations supplied to me. A.R.THOMPSON THOMPSON ACCOUNTANCY SERVICES ISUNDERLANDI LIMITED 33 Mere Knolls Road Roker Sunderland Tyne & Wear SR6 9LG Dale.. This page does not form part of the statutory financial statements Page 8 Shield Evan elical Church OVERHEAD SCHEDULE FOR THE YEAR ENDED 31 st December 2022 This page does not fomi pari ot thc siaiutory tinancial %iaicJncnt% 2022 2021 PERSONNEL COSTS Salaries Training Pension cosls 22,231 22.587 562 664 22,793 23.251 ESTABLISHMENTEXPENSES Rent Rate% and water Light dnd heat Insurance Repairs and renewdls 1,077 4,333 1,682 18,808 25,900 1.293 1.180 2.473 GENEL4L EXPENSES Motor expenses Telephone Printing. posldge dnd stationery Clothing Room Hire Sundry expenses Donations Subscriptions Advertising Mortgage Interest Travel and enlertdining Licence Professional fees Audit dnd accountancy fees Sundries Pl￿t deprecidlion Fixtures depreciation 203 434 584 1.443 loo 4,911 314 300 39 5.484 720 828 6,664 8.695 FINANCIAL COSTS Bad debts Bank charges Loan Interest Hire purchase interest 113 10 2.827 113 2837 TOTAL OVERHEADS 55,470 37,256 Page 9