SHILOH KINGDOM CHAPEL FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 Charlty Number 1172249
SHILOH KINGDOM CHAPEL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 C014TE14TS PAGE Trustee5 Annual Report Independent examiner's report to the members Statement of financial activities (incorporating the income and expenditvre accountl Balance sheet Notes to the finan¢tal statements 12
SHILOH KINGDOM CHAPEL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRAnvE DETA115 Reglstered tharity name SHILOH KINGOOM CHAPEL Charity registration number 1172249 Prln¢lpal Office 125 Penn Road Stevena8e Hertfordshire UK SGI IHZ THE TRUSTEES The trustee5 who seryed the charity during the period were as follow5.. JOSEPH N E W4H ERIC FIOKUNA PATRICK OPOKU REV CHARLES SARPONG SMITH Secretary PATRICK OPOKU Ind*pend•nl Examlner ITL Accountin8 & Tax Seryices Ltd Unit 4 Marbridge House Harold's road Harlow Essex CM19 5bJ Accountants ITL Accounting & Tax Seryices Ltd Unit 4 Marbrid8e House Harold'5 road Harlow Essex CM195b Bankers Lloyds Bank As at the date of this report, there are no custodian Trustees or Nominees and no trustee of the charlty is holding the title to any property belonging to the charity. The Trustees submit their annual report and examined financial statements for the year ended 31 March 2024. The report and financial statements havÈ been prepared in accordance with the Charities Act 2011. The Trustees have adopted the provi5ion5 of the Statement of Recommended Practice ISORPI "Atcounting and Reporting by Charities- IFRS 1021 in preparing the report and financial statements. The Charity was incorporated on 24 March 2017. It 15 governed by its constitution. ST
SHILOH KINGDOM CHAPEL FINANCIAL STATEMEP4TS FOR THE YEAR ENDED 31 MARCH 2024 OBJECTS AND AcrivmES Objects l. To Propa8ate the Gospel accordingtothe teaching of JESUS CHRISTto their members and thè èntire community 2. To provide services, ad¥ryce, or a5Ststance on terms appropriate tts their members in all aspects of 3. To help relieve poverty amon8St the residents and members of the ¢hur¢h 4. To advance educatlon and irainin8 and provide unemployed people wh work experience amongst the residents of the Area ol benefit. S. To promote puklic safety and prevent crlme. Artmtbes The SHILOH KINGDOM CHAPEL main activittes are propa8ation ofthe Gospel a¢¢ordin8 toihe teachin8 OIJESUS CHRISr. ACHIEVEMENTS AND PERFORMANCE During the financial year 10 31 March 2024. the charlty has held several churches and religlous activitles for Its members as ori8inalty intended. The charity ha5 also help organised numerous soclal gatherlngs where i$5ue5 of community and national concern were discussed. The Annual General Meeting will be held on Thursday 17" December 2023. Golni Conc•rn As at the date ol approving the report and accounts. there are wto uncertainties about the charws ability to continue as a 8oin8 concern. Independeni £MIne1 ITL Accounting & Tax Services Ltd has èlso bten appointed as Independent Examlner and a re501utlon proposln8 their re.app)iniment will be put to the Annual fjeneral Meeting. Sl8ned on behalf of the trustees.. Dated..... REV CHARLES SARPONG SMrrH Chair PATRICK OPOKU Trustee
SHILOH KINGDOM CHAPEI FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31" March 2024. RESPEcfivE RESPONSIBILmE5 OF TRUSTEES AND LV4MINER AND BASIS OF REPORT As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the requirèments of the Charities Act. Having satisfied myself that the account5 of the Charity ale not required to be audited under Part 16 of the 2006 Companies Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the DirertTrOn$ 8lven by the Charitv Commission under 5ertion 145151 Ibl ol the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. l Confim) that no matters have come to my attention in connection with the examination ¥ivin8 me cause to believe= accountin8 records were not kept in respect of the Charity a5 required by sertion 386 of the 2006 Act.. OT 2. the accounts do not accord with those records.. or the accounts do not comply with the requirement of section 396 of the 26 Act other than any requirement that the accounts 6ive a 'true and fair Vie which is not a matter considered as part of an independent examination,. or 4. the account5 have not been prepared in accordance with the methods and princlples ot the Statement of Recommended Prartice for a¢¢ounting and reporting by Charities (applicable to ¢haritles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters In connection with the examinatlort to whl¢h atteniion should be drawn in this report in order to enable a proper understandin8 ol the a¢¢ounts to be reached. ITL Accoun ing & Tax Services Ltd Independènt examiner Unit 4 Marbridge House Harold's road Harlow Essex CM19 5BI Dated...
SHILOH KINGDOM CHAPEL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SHILOH KINGDOM CIIAPEL STATEMENT OF FINANCIAL ACTIMTIESliTr¢orporating an Incomo and EynditureA¢counti Y•ar•nded 31 March 2024 Vnr•strl¢t•d Restrl¢ted Funds Fund¥ Totsl Funds 2024 2024 2024 Total Funds 2023 Nol• In¢om• and •ndoMn•nts from: come ReCeId 62,636 81,731 Grdnl Receij and Hodgos 20.853 20053 Totsl 62.636 81,731 •ndllur• on: costolg8norab.ng unryInC0me I46,(5) I46.5} 150,9631 Charil8t40 actiiities 156,3221 1562221 130,5271 TOTAL {1023271 1102J2n 181A901 NEf INCOMEXpENDITUREj {18I391 139,6921 241 G¢)wianc8 Cost I6) 14001 Totsl Funds brWltrwd TOTAL FUNDS CARRIED FORWARD 21J47 21J47 21,347 1JO8 1J08 21,188 All of the above amounts relate to continuing artivriie5.
SHILOH KINGDOM CHAPEL flNANaAL STATEMENTS FOR THE YEAR EIIOÉO 31 MARCH 2024 SHILOH KINGtK)M CHAPEL As at 31 IAarch 2024 2023 , EbbrsFledges) CAsh at bank in HaThJ ,Tclal Current Ass 'Liabllltses QBdib)rs aTrOts tslii.rg.dLB ye Net Currant assets or Ilablllllos .Qedlbrn anUnts faFliNJ due atsror year .Total Nd A896t or Uabllltles 20,097 1 IFund¥ ,Restsictsd FLK¥Js ,L$trIctsd Fu¥ ,RevalLption Reserve Total Funds For the year ended 31st March 2023 the companywas entitled to exemption from audlt under sèctlon 144121 of the Charltles Act 20111th¢ 2011 Act). Trustees respon51bilr¢ies- The members ha not requlred the company to obtsin an audlt of its accounts for the year In question In accordance with sertion 144 (21 of the 2011 Act; and The trustees aCknOed£e their responslbility for complying with the requirements of the Act wrth respect to accountln8 records and the preparation of the accounts. These financial 5tstements were approved by the Board of Trustees on the.. and are sSgned on their behalf by=
SHILOH KINGDOM CHAPEL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Chair- REV CHARLES SARPONG SMITH Trustee- PATRICK OPOKU NOTES TO THE ACCOUNts ACCOUNTING POUCIES Basls ol accountini The financial statèments have been prepared in accordance with Accountin8 and Reporting by Charities.. Statemenl ol Recommended Prauice applicable to charities preparin8 their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151- (Charities SORP IFAS 10211. the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The financial statement5 are prepared on the going concern b•sis underthe historical cost convention. modified to include certain items at fair value. The financial statements are presented in sterlin8 which 15 the functional currency of the ch3rrtable company and rounded to the nearest £. SHILOH KINGDOM CHAPEL meets the definition of a public benefit entlty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. These linancial statements for the year ended 30 September 2017 are the first financial statements of the charitable company prepared in accordance with FRS 102, The Financial Reporting Standard appli¢able in the UK and Republic of Ireland. The date of transition to FRS 102 was l October 2016. The reported financial position and financial performance for the previous period are not afferted bv the transition to FRS 102. Goln8 c¢n¢ern The trvstees have assessed the charl5 ability to continue as a goin8 concern and there are no material uncertaintles. Fund a¢countl General funds are unrestricted funds which are available for use at the discretion of the Trustees in furthefance of the 8eneral objectives of the Charity and which have not been designated for other purposes. Incomlni Rèsourcès All incomin8 Te50urces are included in the siatement ol Financial Activities when the Charity is le8allv entitled to the income and the amount can be quantified with reasonable ac¢ura¢y. R¢source5 expended All expenditure is a¢¢ounted for on an accruals basis and has been Classified under headings that aggregate all costs related to the category. Where costs cannot be difectly attributed to particular headings they have been allocattd to artivitie5 on a basis consistent with the use of re50urces.'
SHILOH KINGI)OM CHAPEI FINANUAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 NOTES TO THE ACCOUNTS Governance costs are those costs incurred in connection with the governance arrangement of the charty. which relate to the general runnin8 of the Charity and Compliance with constitutional and statutory requirements. Thè basis of allo¢ation for supp)rt costs and go¥eTnance costs has been explained in the notes. Flxed assets All fixed assets are initialty recorded at cost. SHILOH KINGDOM CHAPEL NOTES TO THE AccouKfs Icontlnu•dl Y•ar •nd•d 31 March 2024 Unr•itrl¢t•d R•strlctsd Fund$ Funds 2024 2024 Total Funds 2024 Total Funds 2023 2 Incom• Rld Income Receid 83,488 83,488 81,731 othor In¢orn• Bank $tReCo1fjd Total 83 83N88 81,731 3 Ew•ndltur• on Ctharllabl• 0¥111•% Unr•strlcled Restrlctld Total Funds Total Funds Funds Funds 2024 2023 Grantforcommunlty pMJ•¢ts Managem¢nt and administratlon cpsts Gov•rnan Cost IS•• Not•41 102.327 6C(I 102,927 102,327 600 102,927 81,490 41)0 81,890 4 Gov•rnnce Cost unrestrIct Total Funds Total Fund$ Funds 2,024 2,023 k¢ounlancyfths 6CKJ 600 600 400 400
SHILOH KINGDOM CHAPEL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 5. RELATED PARTY TRANSAcnoNS TRUSTEES, EMOLUMENTS No salaries or wages have been paid to trusleès including the members of the committee, during the year. The trustees did not receive any remuneration for iheir servites12021.. £Nill. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity. Thère were no transadions with felated parties durin8 the year12021- nil}. 6. The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Ch4rgeable Gains Act 1992 to the extent that these are applied to its charitable objects. 7 TANGIBLE FIXED ASSETS ASSETS TOT COST Asa101 WI 2023 Adthns D¥osaly Re¥84$ SwF4Js Al 31 Marth 2024 book yul At31 March 2024 CREDITORS: Imounts llllng du• lthln on• y••r 2024 2023 ¢Nals 400 400 UN-INCORPORATED CHARITY The charity is not registered with Companies House and therefore is classified as an un- incorporated charity. AO