SHILOH TABERNACLE OF GOD
Charity No. 1181593
Trustees' Report and Unaudited Accounts
31 December 2020
SHILOH TABERNACLE OF GOD Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2-4 | |
| - | ||
| Statement of Financial Activities | 5 | |
| Balance Sheet | - | 6-7 |
| Notes to the Accounts | - | 8-17 |
| Detailed Statement of Financial Activities | - | 18-22 |
Page 1
SHILOH TABERNACLE OF GOD Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1181593
Principal Office
101 Broad Street Broad Street
Birmingham B15 1TD
Trustees
The following Trustees served during the year:
W. Grady
C. Holding
K. Walker
G. Williams
Directors of Corporate Trustees
Grace Williams
Carol Holding
Accountants
GDG Accounting Services Ltd WEST MIDLANDS HOUSE GIPSY LANE WILLENHALL
WV13 2HA
OBJECTIVES AND ACTIVITIES
The main objective of the church is The Advancement of Religion which is to promote or maintain or practice it and increase belief in the supreme being or entity that is the object or focus of the religion.
Providing a place of worship for members of the public, providing pastoral work including visiting the sick and the bereaved , teaching Christianity through sermons and groups, taking religious assemblies in schools, Provision of youth club with chrisian ethos,Promoting Christianity through staging of events, Promoting the mission of the church through the provision of activities for senior citizens parents and tolders and carrying out prison visits.
Page 2
SHILOH TABERNACLE OF GOD Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
One regular weekly Sunday church service and children's activities in Birmingham City Centre at contracted rented venue space at 101brad Street, Birmingham B15 1DT
One monthly midweek service in Birmingham City Centre at contracted rented venue space
Regular Youth and Young Adults services and activities in Birmingham
Regular Children and Creche ministry, where children are encouraged through the teaching of the gospel of grace with engaging and fun based activities
In reaching out to the homeless and underprivileged, we demonstrated the love of Jesus by partnering with two Homeless Charities in the city of Birmingham
Distribution of relief to people in need of emergency assistance for matters such as accommodation, counselling, and financial assistance
Street Evangelism in Birmingham town centre continued this year, ministering to all and praying with those who were open to receiving the gospel.
A large charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...
A large charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...
A large charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...
A large charity must provide an explanation of any material expenditure occurred to raise income in the future...
A large charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ...
FINANCIAL REVIEW
The results for the year are shown in the Statement of Financial Activities, which the Trustees consider satisfactory
Page 3
SHILOH TABERNACLE OF GOD Trustees Annual Report
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
G. Williams Trustee 31 December 2020
Page 4
SHILOH TABERNACLE OF GOD Statement of Financial Activities
for the year ended 31 December 2020
| Unrestricted funds 2020 Notes £ Income and endowments from: Donations and legacies 2 - Charitable activities - Other trading activities - Investments - Other 3 - Total - Expenditure on: Raising funds #VAL UE! - Charitable activities 4 - Other #VAL UE! 208 Total 208 Net gains on investments - Net expenditure (208) Transfers between funds - Net expenditure before other gains/(losses) (208) Other gains and losses Gains on revaluation of fixed assets - Actuarial Gains on defined benefit pension schemes - Other Gains - Net movement in funds (208) Reconciliation of funds: Total funds brought forward - Total funds carried forward (208) |
Unrestricted funds 2020 Notes £ Income and endowments from: Donations and legacies 2 - Charitable activities - Other trading activities - Investments - Other 3 - Total - Expenditure on: Raising funds #VAL UE! - Charitable activities 4 - Other #VAL UE! 208 Total 208 Net gains on investments - Net expenditure (208) Transfers between funds - Net expenditure before other gains/(losses) (208) Other gains and losses Gains on revaluation of fixed assets - Actuarial Gains on defined benefit pension schemes - Other Gains - Net movement in funds (208) Reconciliation of funds: Total funds brought forward - Total funds carried forward (208) |
2020 £ - - - - - |
2020 £ - - - - - |
Total funds 2020 £ - - - - - |
Total funds 2019 £ (1,746) - - - - |
|---|---|---|---|---|---|
| - - - - |
- - - - |
- - - 208 |
(1,746) - - 4,991 |
||
| 208 - |
- - |
- - |
208 - |
4,991 - |
|
| (208) - |
- - |
- | (208) - |
(6,737) - |
|
| - | |||||
| (208) - - - |
- - - - |
- - - - |
(208) - - - |
(6,737) - - - |
|
| (208) - |
- - |
- - |
(208) - |
(6,737) - |
|
| (208) | - | - | (208) | (6,737) |
Page 5
SHILOH TABERNACLE OF GOD Balance Sheet
at 31 December 2020
| Charity No. 1181593 Fixed assets Intangible assets Tangible assets Investments Current assets Stocks 6 Debtors 7 Investments Cash at bank and in hand Creditors:Amount falling due within one year 8 Net current assets/(liabilities) Total assets less current liabilities Creditors:Amounts falling due after more than one year Provisions for liabilities Net assets/(liabilities) excluding pension asset or liability Defined benefit pension scheme asset Total net assets/(liabilities) The funds of the charity Restricted funds 9 Endowment funds Restricted income funds Unrestricted funds 9 General funds Designated funds Reserves 9 Revaluation reserve Pension reserve Total funds Approved by the trustees on 31 December 2020 And signed on their behalf by: |
2020 £ - - - - - - - 658 658 - 658 658 - - 658 - 658 - - - (208) - (208) - - - (208) |
2019 £ - - - |
|---|---|---|
| - - - - 866 |
||
| 866 (7,603) |
||
| (6,737) (6,737) - - |
||
| (6,737) | ||
| - | ||
| (6,737) | ||
| - - |
||
| - - - |
||
| - - - |
||
| - | ||
| - | ||
Page 6
SHILOH TABERNACLE OF GOD Balance Sheet
G. Williams Trustee 31 December 2020
Page 7
SHILOH TABERNACLE OF GOD Notes to the Accounts
for the year ended 31 December 2020
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
SHILOH TABERNACLE OF GOD Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Intangible fixed assets and amortisation
Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 9
SHILOH TABERNACLE OF GOD Notes to the Accounts
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Page 10
SHILOH TABERNACLE OF GOD Notes to the Accounts
| 2 | Income from donations and legacies | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| 2020 | 2019 | |||||
| £ | £ | £ | £ | £ | ||
| - | - | - | - | (1,746) | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | (1,746) | ||
| Donated goods, facilities and services received |
| Total | Total |
|---|---|
| 2020 | 2019 |
| £ | £ |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| 3 Other income |
Unrestricted £ - - - - - |
Restricted £ - - - - - |
Endowment £ - - - - - |
Total 2020 £ - - - - - |
Total 2019 £ - - - - |
|---|---|---|---|---|---|
| - |
Page 11
SHILOH TABERNACLE OF GOD
Notes to the Accounts
4 Expenditure on charitable activities
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| £ | £ | £ | £ | £ | ||
| Expenditure on charitable | ||||||
| activities | ||||||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Grants made | - | - | - | - | - | |
| Governance costs | ||||||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 5 | Staff costs | |||||
| 2020 | 2019 | |||||
| £ | £ | |||||
| Salaries and wages | - | - | ||||
| Social security costs | - | - | ||||
| Pension costs | - | - | ||||
| - | - | |||||
| No employee received emoluments in excess of £60,000. | ||||||
| Total employee benefits received by key management | - | - | ||||
| personnel | ||||||
| The average monthly number | of full time equivalent employees during the year was as follows: | |||||
| 2020 | 2019 | |||||
| Number | Number | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - |
Page 12
SHILOH TABERNACLE OF GOD Notes to the Accounts
6 Stocks
| Raw materials and consumables Work in progress Finished goods Carrying value analysed by activities 7 Debtors Trade debtors VAT recoverable Other debtors Prepayments and accrued income Amounts included within Other debtors that fall due after more than one year |
2020 £ - - - - 2020 £ - - - - - - - - - 2020 £ - - - - - - |
2019 £ - - - |
|---|---|---|
| - | ||
| 2019 £ - - - - - - - - |
||
| - | ||
| 2019 £ - - - - |
||
| - | ||
| - |
Page 13
SHILOH TABERNACLE OF GOD Notes to the Accounts
8 Creditors:
| Creditors: | ||
|---|---|---|
| amounts falling due within one year Bank loans and overdrafts Other loans Obligations under finance lease and hire purchase contracts Trade creditors Corporation tax Other taxes and social security Loans from trustees Other creditors Accruals and deferred income |
2020 £ - - - - - - - - - - |
2019 £ - - - 4,944 - - - - 2,659 |
| 7,603 |
| Movement of the deferred income At 1 January Deferred Released At 31 December |
2020 £ - - - - |
2019 £ - - - |
|---|---|---|
| - | ||
Page 14
SHILOH TABERNACLE OF GOD Notes to the Accounts
9 Movement in funds
| Movement in funds | |||||
|---|---|---|---|---|---|
| At 1 January 2020 - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Incoming resources (including other gains/losses) £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Resources expended £ |
Gross transfers £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
At 31 December 2020 £ - - - - - - - - |
|
| Restricted funds: Endowment funds: Total Restricted income funds: Total Unrestricted funds: General funds Designated funds: |
|||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - - - - - - - - |
|||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - (208) - - - - - - - - - |
|||||
| - | |||||
| (208) - - - - - - - - |
|||||
| Total | |||||
| - |
Revaluation Reserves:
Endowment funds:
Page 15
SHILOH TABERNACLE OF GOD Notes to the Accounts
| - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- | - - - - - - - |
||
|---|---|---|---|---|---|
| Total | (208) | - | |||
| Restricted funds: Total Unrestricted funds: Total |
- - - - - - - - |
||||
| - | |||||
| - - - - - - - - |
|||||
| - | |||||
| Revaluation fund | - | ||||
| Total revaluation reserves Total funds Pension reserve |
|||||
| - | |||||
| (208) | |||||
| - |
Purposes and restrictions in relation to the funds:
Endowment funds:
Page 16
SHILOH TABERNACLE OF GOD Notes to the Accounts
Restricted funds:
Designated funds:
Page 17
SHILOH TABERNACLE OF GOD Detailed Statement of Financial Activities
for the year ended 31 December 2020
| Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other Total income and endowments Expenditure on: Costs of generating donations and legacies |
2020 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
2020 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
2020 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds 2020 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds 2019 £ (1,746) - - - |
|---|---|---|---|---|---|
| (1,746) | |||||
| - - - - |
|||||
| - | |||||
| - - - - |
|||||
| - | |||||
| - - - - |
|||||
| - | |||||
| - - - - |
|||||
| - | |||||
| (1,746) - - - - |
Page 18
SHILOH TABERNACLE OF GOD Detailed Statement of Financial Activities
| Costs of other trading activities Investment management costs Total of expenditure on raising funds Charitable activities Grants made Governance costs Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable Other interest payable Corporation tax charge/(credit) Employee costs Salaries/wages Directors' remuneration Employer's NIC Pension costs |
- - - - - - - - - - - - - - - - - - - - - - - - 208 - - - - - - 208 - - - - |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - - - - - - 208 - - - - - - 208 - - - - |
- |
|---|---|---|---|---|---|
| - - - - |
|||||
| - | |||||
| - - - - |
|||||
| - | |||||
| - - - - - - |
|||||
| - | |||||
| - - - - |
|||||
| - | |||||
| - 2,591 2,400 - - - - - |
|||||
| 4,991 | |||||
| - - - - |
Page 19
SHILOH TABERNACLE OF GOD
Detailed Statement of Financial Activities
| HILOH TABERNACLE OF GOD etailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Staff entertainment - Staff recruitment - Staff training - Staff welfare - Temporary staff - - Motor and travel costs Vehicles - General costs - Vehicles - Leasing and hire costs - Vehicles - Fuel - Vehicles - Insurance and licences - Vehicles - Repairs and maintenance - Travel and subsistence - Business mileage costs reimbursed - Fares - - Premises costs Rent - Rates - Light, heat and power - Premises cleaning - Premises insurances - Premises repairs and maintenance - Other premises costs - - General administrative costs, including depreciation and amortisation Amortisation - Depreciation of land and buildings - Depreciation of - Depreciation of - Depreciation of - Loss on disposal of intangible fixed assets - Loss on disposal of tangible fixed assets - Impairment losses - intangible FA - Impairment losses - tangible FA/investments - Bad debts - Bank charges - Equipment expensed - |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - |
| - | ||||
| - - - - - - - - |
||||
| - | ||||
| - - - - - - - |
||||
| - | ||||
| - - - - - - - - - - - - |
Page 20
SHILOH TABERNACLE OF GOD Detailed Statement of Financial Activities
| Equipment leasing and hire charges Equipment repairs and maintenance Exchange rate (gain)/loss General insurances Information and publications Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Consultancy fees Management charges Solicitor's fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Transfers between funds Net expenditure before other gains/(losses) Other recognised gains and losses Gains on revaluation of fixed assets Actuarial Gains on defined benefit pension schemes Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
- - - - - - - - - - - - - - - - - - - 208 208 - (208) - (208) - - - (208) - (208) |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - - - 208 208 - (208) - (208) - - - (208) - (208) |
- - - - - - - - - - - |
|---|---|---|---|---|---|
| - | |||||
| - - - - - - |
|||||
| - | |||||
| 4,991 | |||||
| 4,991 - |
|||||
| (6,737) - |
|||||
| (6,737) - - - |
|||||
| (6,737) | |||||
| - | |||||
| (6,737) |
Page 21
SHILOH TABERNACLE OF GOD Detailed Statement of Financial Activities
Page 22