**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