2021-12-31-accounts - Shiloh Tabernacle Of God

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SHILOH TABERNACLE OF GOD

Charity No. 1181593

Trustees' Report and Unaudited Accounts

31 December 2021

SHILOH TABERNACLE OF GOD Contents

		Pages
Trustees' Annual Report		2
		4
Statement of Financial Activities		5
Balance Sheet		6
Statement of Cash flows		5
Notes to the Accounts		7
Detailed Statement of Financial Activities		12
	to 14

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 2021.

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.

A large charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...

A large charity must provide an explanation how the achievement of its aims will further its legal purposes... A large charity must provide an explanation of its strategies for achieving its stated aims and objectives... A large charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...

A large charity should provide a more detailed explanation of its short-term and long-term aims and objectives...

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

PLANS FOR FUTURE PERIODS

A large charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them ...

A large charity's report should explain the trustees perspective of the future direction of the charity...

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

Page 3

SHILOH TABERNACLE OF GOD Trustees Annual Report

G. Williams Trustee

31 December 2021

Page 4

SHILOH TABERNACLE OF GOD Statement of Financial Activities

for the year ended 31 December 2021

for the year ended 31 December 2021
Notes Expenditure on: Other 3 Total Net gains on investments Net expenditure Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds carried forward	Unrestricte d funds 2021 £ 1,250	Total funds 2021 £ 1,250	Total funds 2020 £ 208
	1,250 -	1,250 -	208 -
	(1,250) -	(1,250) -	(208) -
	(1,250)	(1,250)	(208)
	(1,250)	(1,250)	(208)
	(1,250)	(1,250)	(208)

Page 5

SHILOH TABERNACLE OF GOD Balance Sheet

at 31 December 2021

at 31 December 2021
Charity No. 1181593 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 5 Net current (liabilities)/assets Total assets less current liabilities Net (liabilities)/assets excluding pension asset or liability Total net (liabilities)/assets The funds of the charity Restricted funds 6 Unrestricted funds 6 General funds Reserves 6 Total funds Approved by the trustees on 31 December 2021	2021 £ 403 403 (1,653) (1,250) (1,250) (1,250) (1,250) (1,250) (1,250) (1,250)	2020 £ 658
		658 -
		658 658
		658
		658
		-
		-
		-

And signed on their behalf by:

G. Williams Trustee 31 December 2021

Page 6

SHILOH TABERNACLE OF GOD Notes to the Accounts

for the year ended 31 December 2021

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 7

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.

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.

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.

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.

Page 8

SHILOH TABERNACLE OF GOD Notes to the Accounts

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.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

SHILOH TABERNACLE OF GOD

Notes to the Accounts

2 Statement of Financial Activities - prior year

Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 3 Other expenditure 4 Staff costs No employee received emoluments in excess of £60,000. 5 Creditors: amounts falling due within one year Accruals and deferred income	Unrestricted £ 1,250 1,250 2021 £ 1,653 1,653	Unrestricted funds 2020 208 208 (208) (208) (208) (208) Total 2021 £ 1,250 1,250	Total funds 2020 208
			208
			(208)
			(208)
			(208)
			(208)
			Total 2020 £ 208
			208
			2020 £ -
			-

Page 10

SHILOH TABERNACLE OF GOD

Notes to the Accounts

6 Movement in funds

Unrestricted funds £ 403 403 At 1 January 2021 £	Resources expended £ (1,250) (1,250) Restricted funds £ (1,653) (1,653) Cash flows £	At 31 December 2021 £ (1,250)
		(1,250)
		Total £ (1,250)
		(1,250)
		At 31 December 2021 £
658	(255)	403
658 658	(255) (255)	403
		403

Page 11

SHILOH TABERNACLE OF GOD Statement of Cash flows

for the year ended 31 December 2021

Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Increase/(Decrease) in trade and other payables Net cash provided by/(used in) operating activities Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2021 £ (1,250) 1,653 403 - - 403 658 1,061	2020 £ (208) (7,603)
		(7,811)
		-

		-

		(7,811)
		866
		(6,945)

Components of cash and cash equivalents
Cash and bank balances	403	658

	403	658

Page 12

SHILOH TABERNACLE OF GOD Detailed Statement of Financial Activities

for the year ended 31 December 2021

Income and endowments from: Expenditure on: Other expenditure Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	2021 £ 1,250 1,250 1,250 1,250 - (1,250) (1,250) - (1,250) - (1,250)	Total funds 2021 £ 1,250 1,250 1,250 1,250 - (1,250) (1,250) - (1,250) - (1,250)	Total funds 2020 £ 208
			208
			208
			208 -
			(208)
			(208) -
			(208)
			-
			(208)

Page 13