2023-03-31-accounts - Shield Of Faith Family Christian Church

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Registered Charity Number : 1180095

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

Trustees Annual Report, Financial Statements and Independent Examiner’s Report

Year ended 31 March 2023

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

Trustees Report	2-5
Statement of Trustee’s Responsibilities	6
Independent Examiner’s Report	7
Statement of Financial Activities	8
Statement of Financial Position	9
Notes to the Financial Statements	10-15
Statement of Income and Expenditure	16

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

CHARITY NAMES Shield of Faith Family Christian Church CHARITY NUMBER 1180095 REGISTERED ADDRESS The Meeting Centre 1 Marchant Road Hinckley Leicestershire LE10 0LQ

TRUSTEES

The following persons acted as Trustees of the Charity throughout the year.

Jo-Ann Poblador (Secretary) Maria Fe Atmospera Agdalpen Marilou Sumalia Casayuran (Chairman)

INDEPENDENT ACCOUNTANT

Gail Griffin G R Associates Calle Naranjo 1 El Pinar de Campoverde 03191 Pilar de la Horadada Comunidad Valenciana Spain

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance the Christian religion for the benefit of the public in accordance with the Gospel of Jesus Christ. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods and services of any kind, including the provision of counselling and support in such parts of the United Kingdom or the World as the trustees from time to time may think fit.

Church Ministries

Pastoral Care Pastor Sarah Yumul and Pastor Tony Yumul Youth Ministry Sean Yumul and Josh Casayuran Evangelism Pastor Sarah Yumul and Pastor Tony Yumul Worship Ministry Faith Agdalpen and Paolo Daguio Children Ministry Rhona Asuncion Cell Ministry/Discipleship Pastor Sarah Yumul and Pastor Tony Yumul Life Class Pastor Sarah Yumul TMC (church building) Administration John Shaw

Discipleship/ Mentoring

Administration Pastor Sarah Yumul, Pastor Tony Yumul, Jo-Ann Poblador, Maria Fe Agdalpen Media/Sound Ministry Elaiza Racelis and Paolo Daguio Ushering Ministry Del Weir and Jo-Ann Poblador Security John Shaw and Brian Atkins Transport Mark Weir

Significant Church Activities

The Worship Sunday Service at 2.30pm has changed to 10.30am on 1[st] Sunday April 2022 as agreed by the majority of the congregation. Prayer meeting still every Friday at 6.00pm. On 17 April 2022, we had our water baptism and 14 brethren committed themselves to be baptised.

Cell Group Ministry or Intentional Discipleship

The church has different cell groups led by cell group leaders. We have a cell group that meet once a week, sharing the Word of God on brethren’s house or through online platform. Through this activity, believers are strengthened and encourage one another not only spiritually and emotionally, but in every aspect of our lives. As we pray together and enjoy our fellowship to one another.

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

Primary Meetings and Fellowship

The Primary Cell leaders meeting is every 3-4 months and led by Pastor Tony Yumul and Pastor Sarah Yumul.

The purpose of the meeting is to strengthen, encourage and build up the leaders in winning souls and making them true disciples of Jesus Christ through Intentional Discipleship.

Life Class Ministry (Equipping/Mentoring)

All congregation and new members in the cell group were encouraged to attend this training to equip, to train from being a believer into becoming a leader. Also, to have the compassion in reaching out to the lost souls and ability to participate, and to help in bringing hope to the less fortunate people by providing emotional, physical, material and spiritual help. Leaders had the opportunity to attend conference this year with different guest speakers from abroad.

PUBLIC BENEFIT STATEMENT

The Charity meets the Charity Commission’s public benefit criteria by providing donations, not only in Leicester, but other areas of the UK and abroad. This year the church hosted and supported charity events within the church building and also extending support abroad.

15 May 2022 – Donation to typhoon victims in Ajuy, Iloilo, Philippines
4 June 2022 – Queen’s Jubilee celebration – SOF church prepared hot and cold food and drinks to Hinckley and Leicester community with games and entertainment.
9 July 2022 – Comicon Charity event by using the TMC church building and volunteers from the church helped in the preparation of the food.
23 July 2022 – Sea of Thieves Charity event by using the TMC church building and volunteers from the church helped in the preparation of the food.
August 2022 – Picnic Day. The church invited friends and family to have fellowship to one another. Games and a variety of food were provided.
September 2022 – church women fellowship.
25 December 2022 – prepared Christmas lunch for homeless and vulnerable elderly people. Shield of Faith along with the other churches in Hinckley prepared Christmas songs and provided a few gifts, such as groceries, to take home to those who needed them.

We also have Youth Gathering/Fellowship every two to three months to encourage young people in the community to know more about Christ.

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

Achievement

The Shield of Faith Family Christian Church by the grace and wisdom of God, has been able to help and support other charities, as well as extending help abroad this year.

The Youth Ministry is growing fast, young people are encouraged to join and engage in winning souls, also in church activities and ministry. Every two to three months, they have Youth Service/Kaizen in which young people from the age of 11 years up to young professional are invited to attend and enjoy fellowship with one another. Few adults are volunteering to help out with this event.

Future Developments

Shield of Faith Family Christian Church is praying for multiplication of souls, more leaders and workers to arise so we can reach out to more souls and open more cell groups in every locality and not just here in Leicestershire. To reach out to more youths in colleges and universities. To have open doors of opportunity, to have bible study for families and friends who we have already connected to. Praying that our church and our building will be used as a channel of blessing, especially to those in need, emotionally, mentally, financially and mostly, the spiritual aspect of their lives.

Going Concern

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern, nor any significant areas of uncertainty that affect the carrying value of assets held by the Charity.

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

Structure, Governance and Management

Type of Charity

The Charity is an Unincorporated Association

Type of Governing Document

The Charity is governed by it’s Constitution dated 19 June 2016.

Trustee Selection

Trustees are appointed by the majority decision of members at a General Meeting of Members

Statement of Trustee’s Responsibilities in relation to Financial Statements

The Trustees are responsible for preparing the Trustee’s Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to Charities in England and Wales requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to

Select suitable accounting policies and then apply them consistently
Observe the methods and principles of the Charities SORP
Made judgements and estimates that are reasonable and prudent
State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements, and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ascertain that the financial statements comply with the Charities Act 2011 and the provision of the governing document. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on ______

And signed on their behalf by

_____ Trustee

______ Signature

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 MARCH 2023

I report on the accounts of the company for the year ended 31 March 2023 which are set out on pages 8 to 16.

Respective responsibilities of the Trustees and Examiner

The Trustees (and those who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to :

Examine the accounts under section 145 of the 2011 Act
Follow procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
State whether particular matters have come to my attention

Basis of Independent Examiners Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. However, all paperwork has been examined in the course of the financial year and it is my opinion that these accounts represent a true and fair view of the charitable activities in the financial year ended 31 March 2023.

Independent Examiners Report

In connection with my examination, no matter has come to my attention :

Which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006, and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or
To which, in my opinion, attention should be drawn in order to enable a property understanding of the accounts to be reached, save the removal of historic balances which are no longer relevant.

Gail Griffin MAAT

G R Associates

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

	Note	Restricted	Unrestricted	Total	Total
		Funds	Funds	Fund	Fund
				2023	2022
		£	£	£	£
INCOMING RESOURCES
Donations	2		76,502	76,502	86,683
Rent			77,432	77,432	46,172
Gift Aid			11,971	11,971	41,941
TOTAL INCOMING RESOURCES			165,905	165,905	174,796
RESCOURCES EXPENDED
Charitable activities			128,391	128,391	93,267
Governance costs	3		1,000	1,000	1,500
Raising funds
TOTAL RESOURCES EXPENDED			129,391	129,391	94,767
NET INCOMING RESOURCES			36,514	36,514	80,029
RECONCILIATION OF FUNDS
Total funds brought forward			280,465	280,465	200,436
TOTAL FUNDS CARRIED FORWARD			316,979	316,979	280,465

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2023

	Note	2023	2022
		£	£
FIXED ASSETS
Tangible fixed assets	8	677,617	685,753
CURRENT ASSETS
Cash at bank and in hand	9	37,796	16,525
Debtors, prepayments	9	6,833	7,991
CREDITORS
Amounts falling due within 1 year	10	750	750
NET CURRENT ASSETS		43,879	23,766
TOTAL ASSETS LESS CURRENT LIABILITIES		721,496	709,519
CREDITORS
Amounts falling due after 1 year	11	404,517	429,054
NET ASSETS		316,979	280,465
FUNDS
Unrestricted funds		316,979	280,465
Restricted funds			-
TOTAL FUNDS		316,979	280,465

The notes on pages 10-15 form part of the financial statements.

These financial statements have been approved by the Trustees on _______ and signed on their behalf by

Trustee

_____ Signature

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

1 Accounting Policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities : Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) – Charities SORP (FRS102), and the Charities Act 2011.

Basis of preparation

Shield of Faith Family Christian Church meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the Charity.

Income and endowments

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be reliably measured.

Donations and legacies

Donations are recognised when the Charity has been notified in writing of both the amount and settlement date.

In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either of those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled within the reporting period.

Expenditure

All expenditure is recognised once there is a legal of constructive obligation to that expenditure, it is probable that settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including audit, strategic management and costs reimbursed for expenses incurred.

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of Income or Capital Gains received within the categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £300.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows : Music equipment 3 years RB Office equipment 3 years RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant rise of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustee’s discretion in furtherance of the objectives of the Charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

2 Incoming Resources
Restricted	Unrestricted	Total	Total
Funds	Funds	Funds	Funds
		2023	2022
		£	£
Tithes & Offerings	76,502	86,683	86,683
Rent	77,432	46,172	46,172
Gift Aid	11,971	41,941	41,941
Total	165,905	174,796	174,796
3 Governance Costs
Accounts examination	750	750	750
Excess charge from previous year	250	250	750
There was an additional fee to be paid to the previous accountant in the sum of £250 which was paid
in the financial year but referred to the previous year. This sum		was unknown	at the time of
preparation of the previous years accounts.
Expenses
Total	1,000	1,000	1,500
4 Net incoming/outgoing resources
Net outgoing resources for the year include
Depreciation of fixed assets	8,136	8,136	12,198

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

5 Trustees remuneration and expenses

Any costs incurred have been included in the schedule of expenses and relate to the cost of transportation and other out of pocket expenses.

6 Staff costs

During the year there were no staff on the payroll of the charity and all payments made to persons rendering a service to the Charity were made as contractor payments.

7 Taxation

The Charity is registered with HMRC and it has been ascertained that they are currently exempt from taxation to the extent allowable by law for registered charities.

8 Fixed Assets

	Freehold Buildings	Fixtures, Fittings	Total
	The Meeting Room	& Equipment
	£	£	£
Cost
As at 31 March 2022	661,320	42,735	704,055
Additions in year		NIL
Depreciation
As at 31 March 2022		18,302	18,302
Charge for the year		8,136	8,136
As at 31 March 2023		26,438	26,438
Net Book Value
As at 31 March 2022	661,320	24,433	685,753
As at 31 March 2023	661,320	16,297	677,617

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

9 Current Assets
	Total	Total
	Funds	Funds
	2023	2022
Cash at bank and in hand	37,796	16,525
Debtors and prepayments	6,833	7,991

Short terms loans have been made to some of the members. There is no urgency to repay these as they have been made to alleviate financial hardship and it is at the pastor’s discretion as to whether repayment will be required going forward. The sum of £1000 has been repaid post balance sheet date.

The prepayment relates to the full year’s insurance having been paid part way through the year and which relates to the following financial year.

Total	44,629
10 Creditors – Amounts due within 1 year
Accruals – Accounts Examination fees	750	750
Total	750	750
11 Creditors – Amounts due after 1 year
Interest free loans	82,500	82,500
Less repayments 2023	( 8,367)
Less repayments 2022	(47,170)	(47,170)
Less repayments 2021	( 24,170)	( 24,170)
Less repayments 2020	( 2,793)	( 2,793)
Total	NIL	8,367
Mortgage loan	455,000	455,000
Less repayments 2023	(16,170)
Less repayments 2022	(16,170)	(16,170
Less repayments 2021	( 14,352)	(14,352)
Less repayments 2020	( 3,791)	( 3,791)
Total	404,517	420,687
Overall total	404,517	429,054

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

12 Contingent Liabilities

Except as reflected in the Financial Statements, there were no contingent liabilities for the year and the previous years.

13 Reserves

	Total	Total
	Funds	Funds
	2023	2022
As at 31 March 2022	280,465	200,436
Net surplus for the year	36,514	80,029
As at 31 March 2023	316,979	280,465

SHIELD OF FAITH FAMILY CHRISTIAN CHURCH

INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds	period to	period to
			31.3.23	31.3.22
	£	£	£	£
INCOME
Donations	76,502		76,502	86,683
Rent	77,432		77,432	46,172
Gift aid	11,971		11,971	41,941
TOTAL INCOME	165,905		165,905	174,796
EXPENDITURE
Operating and Administrative	Expenses
Staff costs and expenses	62,982	62,982		28,263
Stationery and sundries	448	448		981
Refreshments and catering	3,728	3,728		3,782
Office equipment	2,209	2,209		419
Marketing expenses	323	323		-
Insurance	1,511	1,511		1,491
Bank charges and interest	19,654	19,654		18,367
Grants, donations	2,148	2,148		4,586
Telephone and internet	1,352	1,352		749
Software	705	705		1,131
Utility costs	14,281	14,281		10,644
Depreciation	8,136	8,136		12,198
Repairs and maintenance	4,803	4,803		3,721
Cleaning	813	813		435
Discretionary loans	-	-		6,500
HMRC fine	100	100
Transportation costs	5,198	5,198
SUBTOTAL	128,391	128,391		93,267
Governance Expenditure
Accounts examination fee	750	750		750
Excess fee charged	250	250		750
Trustee expenses
SUBTOTAL	1,000	1,000		1,500
TOTAL EXPENDITURE	129,391	129,391		94,767
SURPLUS FOR THE YEAR	36,514	36,514		80,029