ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022
SHILOH UNITED CHURCH OF CHRIST (APOSTOLIC) WORLDWIDE
CHARITY REGISTRATION NUMBER 277453
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
SHILOH UNITED CHURCH OF CHRIST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
| Page | |
|---|---|
| Legal and Administrative Information | 3 |
| Trustees' Report | 4 to 6 |
| Independent Examiner's Report on the Accounts | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 to 17 |
SHILOH UNITED CHURCH OF CHRIST
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
277453
START OF FINANCIAL YEAR 01 April 2021 END OF FINANCIAL YEAR 31 March 2022 TRUSTEES AT 31 MARCH 2022 Bishop L Melville Rev. C Shirley Rev P Kimba-Smith Appointed 26th February 2022
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
LEGAL STATUS Unicorporated Charity
GOVERNING INSTRUMENT
Constitution adopted 7th July 1968 as amended 17th February 1979
OBJECTS
To advance the Christian Religion in the United Kingdom.
REGISTERED ADDRESS
8 Gower Street Sheffield S4 7JW
PRIMARY BANKERS
Nationaal Westminster Bank Plc 42 High Street Sheffield S1 2GE
INDEPENDENT EXAMINER
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
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SHILOH UNITED CHURCH OF CHRIST
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022
Introduction
The Shiloh Church is a house of prayer and worship within an atmosphere of love, and where all people are accepted, united and needs ministered to through preaching and practical teaching of the Word of God.
We are a worldwide ministry established on sound biblical principles, called to care, love and to provide hope and healing for the lost. To lead people into harmony with God and their fellowmen.
To evangelise and take the good news around the world.
Shiloh United Church of Christ (Apostolic) Worldwide is a well-established church in the heart of the city of Sheffield
based in Burngreave.
There is one branch located in Birmingham. Internationally there are three branches based in Germany, Jamaica and Ghana. The church in Ghana has eight other branches.
As a pioneering church we are endeavouring to carry on the Great Commission which is to preach the Gospel.
Structure governance and management
The Executive Board has the responsibility to appoint trustees and appoint any new trustees following the provisions laid out in the organisation’s governing instrument.
All existing trustees are members of the Executive Board.
The following have served throughout the accounting period. Bishop Lynette Melville (chairperson and presiding prelate).
Bishop Carlton Shirley.
Revd Pauline Kimba-Smith was appointed to the board of trustees on 26[th] February 2022 at the Annual General Conference.
Governing Document
Shiloh United Church of Christ (Apostolic) Worldwide is an unincorporated charity governed by a constitution adopted in 1968 and as amended in 1979.
Organisational Structure
The charity has a Bishop who has the responsibility for the activities of the church supported by the membership who are volunteers.
The trustees give their time voluntarily and received no financial benefits from the charity. No expenses have been reclaimed by any of the trustees from the charity in the period of reporting.
The general governance of the charity is the responsibility of the trustees. The day-to-day operation is delegated to the volunteers in their respective roles and any matters of interest needing a decision is referred to the Executive Board for decision making.
Aims and Purpose
Our purpose as recorded in our constitution is to advance the Christian Religion in the United Kingdom in accordance with the Articles of Faith.
How our activities deliver public benefit
The charity carries out a wide range of activities according to its charitable aims as outlined below. The trustees consider that these activities provide benefit both to those who are part of Shiloh United Church of Christ (Apostolic) Worldwide and the wider community of Burngreave, Sheffield.
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SHILOH UNITED CHURCH OF CHRIST
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2022
The organisation and provision of Christian worship every Sunday and Wednesday mornings where people can participate in worship and explore their faith.
Daily morning prayer meetings, Saturday morning meeting and fortnightly bible study on line via Cisco Webex continues to be held regularly and is a real blessing. Prayer is a major part of these meetings and cover areas of the whole church and liives of believers.
The trustees have paid due regard to the charity Guidance on ‘Public Benefit’ and have decided what activities the charity undertakes. All activities undertaken by Shiloh United Church of Christ (Apostolic) worldwide are focused on the purpose of the charity.
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.
Sacraments
Once per month on Sunday morning in the sanctuary.
Baptism Marriage and Baby dedication
None during this period.
Funerals
Two funerals held. One of our long-term members went home to be with the Lord. Also, a member from the wider community.
The two services were officiated by Bishop Lynette Melville.
Membership
No reports of anyone leaving. Some members have not returned to church since the opening after the lockdown. We continue to receive visitors to our services.
Annual Convocation
Our 55[th] annual convocation was held over three days from 29th to 31[st] July 2021. The topic was ‘The Blood has a Voice’. Scripture reading from Genesis 4:1-10. Due to keeping in line with Government guidelines the number of attended were restricted. Services were recorded via Cisco Webex and people were able to follow online.
Building Works
During the last storm the drains on the roof were blocked which caused many of the ceiling tiles to come off or got soaked causing damage to parts of the ceiling in the main worship area.
The roof needs replacing. A temporary repair was carried out in the interim.
There have also been some difficulties with intruders using the second car park without permission and the shed was broken into.
General maintenance work on the building is ongoing throughout the year.
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SHILOH UNITED CHURCH OF CHRIST
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
Report to the trustees/ members of Shiloh United Church of Christ (Apostolic) Worldwide on the accounts for the year ended 31st March 2022.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
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:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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· to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 14th October 2022
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SHILOH UNITED CHURCH OF CHRIST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Notes INCOMING RESOURCES Donations & Legacies 3a Investment Income 3b Charitable Activities 3c Other Income 3d TOTAL INCOMING RESOURCES PAYMENTS Costs of Charitable Activities 4 NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward BALANCES CARRIED FORWARD TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: RESOURCES EXPENDED |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 47,089 30 47,119 25,444 24 - 24 94 30 - 30 - 1,195 - 1,195 111 |
|---|---|
| 48,338 30 48,368 25,649 |
|
| 35,893 - 35,893 22,960 |
|
| 35,893 - 35,893 22,960 |
|
| 12,445 30 12,475 2,689 - - - - |
|
| 12,445 30 12,475 2,689 |
|
| 452,438 42,885 495,323 492,634 |
|
| 464,884 42,915 507,799 495,323 |
Movements on all reserves and all recognised gains and losses are shown above. All the organisation's operations are classed as continuing.
The notes form part of these financial statements, found on pages:-
10 to 17
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| UnrestrictedRestricted | UnrestrictedRestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Fund | Fund | 3l-Mar-22 | 3l-Man21 | ||||
| EE | 9. | E | |||||
| Assets | Notes | ||||||
| Tangible Assets | 2 | 146,096_ | - | 146,096 | 134,127_ | ||
| InvestmentAssets | 6 | 146,096 | - | t46,096 | 134,t27 | ||
| Current Assets | |||||||
| Debtors&Prepayments | I | ||||||
| Cashatbank and inhand | 7 | 3L9,748 | 4z,st; | 362,66; | 3il,s7; | ||
| Total CunentAssets | 3L9,748 | 42,9L5 | 362t663 | 36L,976 | |||
| Creditors:amounts falling due | 9 | 960 | 960 | 780 | |||
| withinone year | |||||||
| NET CURRENT ASSETS | 318,788 | 42,9L5 | 36t,703 | 361,196 | |||
| TOTALASSETS lesscurrentliabilities | 464t884 | 42pL5 | 5O7t799 | 495t323 | |||
| Creditors:amounts falling due inmore | 10 | ||||||
| thanone year | |||||||
| NET ASSETS | 464$84 | 42,9L5 | 5O7t799 | 495t323 | |||
| FUNDS OFTHE CHARITY | |||||||
| General Funds Restricted funds |
5 | 464,884 | - 42,9L5 |
464,884 42,975 |
452,438 42,885 |
||
| TOTALFUNDS | 464,884 | 42,9L5 | 507;79 | 49E,323 |
SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
Basis of preparation:
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the 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 of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Incoming Resources with Related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the tax reclaim is received.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
Volunteer Help
The value of any voluntary help received is not included in the accounts and is described in the Trustees' Report.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
This page does not form part of the statutory financial statements
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SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES (continued) Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Unrestricted Funds
These funds can be used for the general objectives of the charity as set ou in the trustees report. The movement of the unrestricted funds are given in the Statement of Financial Activities.
Restricted Funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings made for specific purposes.
Designated Funds
These funds are where the funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Land & Buildings
Land and Buildings have been valued and included within the accounts at cost value in accordance with FRS 102. Previous revaluation as deemed cost.
Amortisation
No amortisation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
| Motor Vehicles | 15% |
|---|---|
| Fixtures, Fittings & Equipment | 15% |
| Land & Buildings (Restricted) | 15% |
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
This page does not form part of the statutory financial statements
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SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
2. TANGIBLE FIXED ASSETS
| Additions Charge for the Year At 31 March 2022 Net Book Value At 31 March 2022 At 1 April 2021 Cost At 1 April 2021 At 31 March 2022 Accumulated Depreciation At 1 April 2021 |
Motor Vehicles Fixtures, Fittings & Equipment Building Improvements Land & Buildings (Restricted) 2021/22 £ £ £ £ £ 29,045 28,959 55,316 116,409 229,729 - - 14,626 - 14,626 |
|---|---|
| 29,045 28,959 69,942 116,409 244,355 |
|
| 24,243 23,023 48,336 - 95,602 720 890 1,047 - 2,658 |
|
| 24,964 23,913 49,383 - 98,260 |
|
| 4,081 5,046 20,559 116,409 146,096 |
|
| 4,802 5,936 6,980 116,409 134,127 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2022 : None
31st Mar 2021 : None
This page does not form part of the statutory financial statements
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SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
3. INCOMING RESOURCES
| 3. INCOMING RESOURCES | |
|---|---|
| Note c) Incoming from Charitable Activities d) Other Income Advertising Income Sundry Income Gift Aid Tax Recovered b) Investment Income Interest Received Convocation Fees a) Donations & Legacies Tithes Gifts Offerings |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 34,872 - 34,872 17,057 107 - 107 438 9,104 30 9,134 3,472 3,006 - 3,006 4,477 |
| 47,089 30 47,119 25,444 |
|
| 24 - 24 94 |
|
| 24 - 24 94 |
|
| 30 - 30 - |
|
| 30 - 30 - |
|
| 564 - 564 105 631 - 631 6 |
|
| 1,195 - 1,195 111 |
This page does not form part of the statutory financial statements
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SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
4. RESOURCES EXPENDED
| Note Legal & Professional fees Depreciation expense Governance costs:- Independent Examiner Fee Rent & Rates Repairs & Maintenance Sundry Expenses Telephone Costs Travel & Subsistence Utility Costs-Electric Utility Costs-Gas Health & Safety Insurance Jamaica Aid License & Subscriptions Mission Motor Vehicle Costs Office Materials Premises costs Utility Costs-Water Charitable Activities Activities & Events Accommodation Reimb Branch Aid Covenant Tithe adj Gifts & Offerings |
Unrestricted Restricted Total Total Funds Funds 2021/22 2020/21 £ £ £ £ 112 - 112 161 283 - 283 - 3,000 - 3,000 - - - - - 3,725 - 3,725 4,420 - - - 357 3,172 - 3,172 2,131 1,858 - 1,858 - 750 - 750 - 600 - 600 - 1,885 - 1,885 2,443 100 - 100 14 - - - - 5,448 - 5,448 3,826 1,365 - 1,365 - 810 - 810 227 1,180 - 1,180 906 1,088 - 1,088 651 4,012 - 4,012 2,260 1,595 - 1,595 3,853 1,165 - 1,165 931 2,658 - 2,658 - 960 - 960 780 129 - 129 - |
|---|---|
| 35,893 - 35,893 22,960 |
This page does not form part of the statutory financial statements
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SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Balance | Gains & | Balance | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 01-Apr-21 | Income | Expenditure | (Losses) | Transfer | 31-Mar-22 | |||||
| £ | £ | £ | £ | £ | ||||||
| Bishops Offerings | 5,802 | - | - | - | - | 5,802 | ||||
| Special Offerings | 16,533 | 30 | - | - | - | 16,563 | ||||
| Resurrection Seed | 20,550 | - | - | - | - | 20,550 | ||||
| 42,885 | 30 | - | - | - | 42,915 | |||||
| PREVIOUS FINANCIAL | YEAR | |||||||||
| Balance | Gains & | Balance | ||||||||
| 01-Apr-20 | Income | Expenditure | (Losses) | Transfer | 31-Mar-21 | |||||
| £ | £ | £ | £ | £ | ||||||
| Bishops Offerings | 5,802 | - | - | - | - | 5,802 | ||||
| Special Offerings | 16,533 | - | - | - | - | 16,533 | ||||
| Resurrection Seed | 20,550 | - | - | - | - | 20,550 | ||||
| 42,885 | - | - | - | - | 42,885 |
The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
This page does not form part of the statutory financial statements
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SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
6. INVESTMENTS
The Charity held no investment assets during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| 7. CASH AT BANK AND IN HAND | |
|---|---|
| Current Account Business Reserve Account Business Reserve Account 2 |
Unrestricted Restricted Total Total Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ 83,305 42,915 126,220 125,557 56 - 56 56 236,388 - 236,388 236,364 |
| 319,748 42,915 362,663 361,976 |
8. DEBTORS AND PREPAYMENTS
The Charity held no Debtors during this or the previous financial period.
9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee | Unrestricted Restricted Total Total Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ 960 - 960 780 |
|---|---|
| 960 - 960 780 |
This page does not form part of the statutory financial statements
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SHILOH UNITED CHURCH OF CHRIST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial period.
12. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
(2020/21- None)
13. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
14. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
15. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
This page does not form part of the statutory financial statements
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