REPORT OF THE DIRECTOR AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2023 FOR Shield Evangelical Church
Shield Evangelical Church
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2023
| 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 2023
| 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 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 2023, 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
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st December 2023
The trustees presents there report with the financial statements of the company for the year ended 31st December 2023.
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 2023
| 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 |
2023 140,996 - 650 - - 650 140,346 99.54% 517 - - 140,863 (53,234) 87,629 0 0 87,629 161,364 248,993 |
2022 93,181 - - - - |
|
|---|---|---|---|
| - | |||
| 93,181 1 - - |
|||
| 93,182 (55,470) |
|||
| 37,712 0 0 |
|||
| 37,712 123,652 |
|||
| 161,364 |
Page 3
| Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 185,000 CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 47,932 13,915 Cash at Bank and in Hand 16,061 14,444 63,993 28,359 CREDITORS: Amounts falling due within one year 8 - 4,802 63,993 23,557 248,993 208,557 CREDITORS: Amounts falling due after more than one year 9 - (47,193) 248,993 161,364 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 248,993 161,364 248,993 161,364 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2023 31-Dec-23 31-Dec-22 |
Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 185,000 CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 47,932 13,915 Cash at Bank and in Hand 16,061 14,444 63,993 28,359 CREDITORS: Amounts falling due within one year 8 - 4,802 63,993 23,557 248,993 208,557 CREDITORS: Amounts falling due after more than one year 9 - (47,193) 248,993 161,364 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 248,993 161,364 248,993 161,364 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2023 31-Dec-23 31-Dec-22 |
Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 185,000 CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 47,932 13,915 Cash at Bank and in Hand 16,061 14,444 63,993 28,359 CREDITORS: Amounts falling due within one year 8 - 4,802 63,993 23,557 248,993 208,557 CREDITORS: Amounts falling due after more than one year 9 - (47,193) 248,993 161,364 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 248,993 161,364 248,993 161,364 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2023 31-Dec-23 31-Dec-22 |
Balance Sheet Notes £ £ FIXED ASSETS Tangible Assets 5 185,000 185,000 CURRENT ASSETS Stock and work in progress 6 - - Trade debtors 7 - - Savings Account 47,932 13,915 Cash at Bank and in Hand 16,061 14,444 63,993 28,359 CREDITORS: Amounts falling due within one year 8 - 4,802 63,993 23,557 248,993 208,557 CREDITORS: Amounts falling due after more than one year 9 - (47,193) 248,993 161,364 SHARE CAPITAL AND RESERVES Called up share capital 10 - - Profit and loss account 248,993 161,364 248,993 161,364 Shield Evangelical Church FOR THE YEAR ENDED 31st December 2023 31-Dec-23 31-Dec-22 |
|---|---|---|---|
| £ 185,000 - - 47,932 16,061 63,993 - 63,993 248,993 - 248,993 - 248,993 248,993 31-Dec-23 |
|||
| 63,993 - |
28,359 4,802 |
||
| 208,557 (47,193) |
|||
| 161,364 | |||
| - 161,364 |
|||
| 161,364 |
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 2023
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 |
2023 2022 £ £ 0 0 0 0 0 0 |
|---|---|
| 0 0 |
Page 5
Shield Evangelical Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2023
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 |
2023 2022 £ £ 0 0 0 0 |
|---|---|
| 0 0 |
|
| 0 0 |
|
| 2023 2022 £ £ 0 0 |
4. DIVIDENDS
5. TANGIBLE FIXED ASSETS
| COST: At 1st January 2023 Additions For Year 31st December 2023 DEPRECIATION: At 1st January 2023 Charge for the year 31st December 2023 NET BOOK VALUE: At 1st January 2023 31st December 2023 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 185000 0 0 0 185000 |
£ £ 0 0 0 0 0 0 |
|
| 0 0 0 0 |
0 0 0 0 |
|
| 0 0 |
0 0 |
|
| 0 185000 |
0 0 |
|
| 0 185000 |
0 0 |
|
| 2023 2022 £ £ 0 0 0 0 |
||
| 0 0 |
||
| 2023 2022 £ £ 0 0 0 0 |
||
| 0 0 |
Page 6
Shield Evangelical Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2023
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 |
2023 £ 0 0 0 0 0 2023 £ 0 0 2023 £ 0 |
2022 £ 0 4802 0 0 |
| 4802 | ||
| 2022 £ 0 47193 |
||
| 2022 £ 0 |
Page 7
Shield Evangelical Church
OVERHEAD SCHEDULE
FOR THE YEAR ENDED 31st December 2023
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 First Aid 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 |
2023 22,047 - 664 22,711 - 1,064 4,329 1,735 9,631 16,759 - - 1,600 658 - 127 4,679 - 180 - - - - 864 - - - 8,108 - 104 5,552 - 5656 53,234 |
2022 22,231 - 562 |
||
|---|---|---|---|---|
| 22,793 - 1,077 4,333 1,682 18,808 |
||||
| 25,900 203 - 584 - - 100 4,911 - - - - - 39 828 - - - |
||||
| 6,664 - 113 - - |
||||
| 113 55,470 |
Page 9