## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31ST MARCH 2024**
# **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 2024**
||**Page**|
|---|---|
|**Legal and Administrative Information**|3|
|**Trustees' Report**|4 to 8|
|**Independent Examiner's Report on the Accounts**|9|
|**Statement of Financial Activities**|10|
|**Balance Sheet**|11|
|**Notes to the Accounts**|12 to 18|
## **SHILOH UNITED CHURCH OF CHRIST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 277453 **START OF FINANCIAL YEAR** 01 April 2023 **END OF FINANCIAL YEAR** 31 March 2024 **TRUSTEES AT 31 MARCH 2024** Bishop L Melville Rev. C Shirley Rev P Kimba-Smith
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
**GOVERNING INSTRUMENT REGISTRATION DATE**
Constitution adopted 7th July 1968 as amended 17th February 1979 19 April 1979:Standard Registration
## **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
3
## **SHILOH UNITED CHURCH OF CHRIST**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2024**
The trustees for this period are The Right Revd. Lynette Melville, Chair and Presiding Prelate, The Right Revd. Carlton Shirley and the Revd. Pauline Kimba-Smith.
## Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aim and objectives and in planning future activities.
## Areas of Concern
There are no areas of concern at present.
On the whole the Trust has been operating as usual with its Branches in Sheffield, Birmingham, Germany and Jamaica.
## Objects and Activities
The Church is committed to spreading the gospel of Jesus Christ through teaching, prayer, Bible study, preaching, witnessing, church services, witnessing, community involvement and ecumenical work alongside other Church communities and charities. Provision of pastoral care to members and the wider community. Missionary and outreach work. As such we have undertaken the following activities over the past year.
## Church Services
All branches continue to have their main Family worship on Sundays, including Sunday School for children and young people.
Prayer meetings, Bible studies, fasting services, choir practices and other special meetings are held during the week on different days.
Communion - Held on the first Sunday of the month in all Branches.
Baptism - a total of 13. Three of them were children.
Membership - 12 of those baptised were given the Right Hand of Fellowship and accepted as new members. Baby dedication - 3 babies were dedicated.
Marriages - None for the period
Ministerial Ordinations - None for the period
## Christian Education
Sunday School has restarted since November 2022 for children 3-12 years old. It has been growing and over the period they have had 337 present and 40 lessons. The children learn in many ways, through watching videos, discussing ideas, doing arts and crafts activities and playing games. They practise how to pray, worship and how to look for and memorise Bible texts.
At the end of each module of the Superbook Academy course, they demonstrate what they have learned for each topic in a Sunday Morning Service either through songs or a recital of the scripture text.
Children are an integral part of other Church life, so they take part in special services for example, Easter, Christmas, Concerts, as well as assisting in technical areas.
The overall Christian education is teaching them good morals, how to appreciate and help others, alongside forming closer bonds with one another and the importance of considering others needs. This leads to them growing up not only in the knowledge of their faith, but how to be a good neighbour, respecting others as they live in a diverse community.
The feedback from Parents, Senior Church Leaders and the children themselves have been positive. The children still look forward to attending and they are growing in their knowledge and understanding of the Bible and its life application.
4
## **SHILOH UNITED CHURCH OF CHRIST**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
## Christian Education (continued)
There are 7 members in the team, 5 teachers and 2 administrators. The work is monitored by the presiding Bishop through group meetings and discussions.
Adult Bible Studies continues in all branches during the week for the purpose of learning, sharing and growth in the knowledge of the word both spiritually and physically.
## Convocation 2023
The District Convocation held in Birmingham Branch, under the theme 'The Refiners Fire' from 26-29 May 2024. The Annual International Convocation under the theme 'Persecution, Prayer and Power' was held from 25 - 30 July 2023.
These were a tremendous time of bringing the Church together for worship, study, prayer fellowship and celebration. Not only among themselves, but with other church communities in the neighbourhood.
## Mission and Evangelism
Caring for the sick and helping those in need is central to our faith and so the Missionary team continues visiting members who are hospitalized, those in Nursing homes, contacting by telephone as well as home visits to support and help. They also keep an eye on those elderly and widows living alone to check on their well-being. Home prayers and short devotional sessions, explaining the scriptures and bible study are held with them as requested or as appropriate. Many are able to watch on line over Cisco webex when they are unable to attend services.
The Missionary team continues to support new families and visitors as appropriate. The success of this has led to them growing in their relationship with Christ and water baptism and membership of the Church.
The Missionary team are also engaged with the Evangelism team in leafletting of homes for special services like Easter and Christmas.
They work ecumenically with other Christian Church in the neighbourhood and have joint open air worship as a united family in sharing the gospel of Christ in the neighbouring community.
Food bank is held on Saturdays in Birmingham. There is also a similar action being carried out without any conflict by a couple in Sheffield. These action are carried out from private donations and donations of food from Supermarkets and other shops. This is in line with our benevolent aspect of the Church in having concern for those who are in need.
The Evangelistic group continues to focus on leafleting. They had a training workshop on Evangelism and are committed to use different methodologies. They also hold coffee mornings once a fortnight on Saturday morning. Through this ministry they have engaged with hundreds of individuals, believing that these seeds will bear fruit. Their work is underpinned with prayers, bible study, fellowship and regular meetings.
Street Pastoring is still a part of Mission and Evangelism as well as an ecumenical and community mission. Shiloh Sheffield is still a part of this.
## The Music Ministry
Music is an integral part of worship, as well as evangelism and outreach. Some members of the Choir minister in the worship team during Sunday Services and other functions. The Annual Concerts have resumed and in Sheffield it was held on 7 October 2023
The Choir has also resumed its annual mission to the Germany Branch for a joint concert on 28 October 2023. Here their mission is in witnessing and sharing the gospel in song and in encouraging and supporting the Brethren in Germany. They have ministered in a number of funerals over the period, both those held in Shiloh and in other Church buildings where our Presider is officiating.
5
## **SHILOH UNITED CHURCH OF CHRIST**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
## Pastoral Care
In light of our aims and objectives this is seen in two aspects the spiritual and physical. The Presiding Bishop who is the Senior Pastor delegates and instructs her Ministers accordingly. They preach, teach the word, encourage, lead prayers, moderate services, funerals, pray for the sick and give spiritual and moral support to members and other people in the Community as needed or requested.
On the other hand there is the hospitality team which gives out Birthday cards, take care of visitors and Brethren from other Branches during Convocation, Concerts, special occasion. During this period they assisted in the planning and celebration of two milestone of our Presider's 80th Birthday and Archdeacon's 90[th] Birthday. They were two paramount celebrations with their families, friends and the Church coming together to celebrate.
Fathers' day 2023 and Mothers' day were also included. It is a way of appreciating and acknowledging those parents among us.
The catering team continues with their work and all enjoyed the lovely dishes during Convocation and other celebratory services where they participate.
## The Church Building
The new roof has been completed and certified including new skylight for the Sheffield building. We are very happy with the workmanship.
All pat tests have been done.
Birmingham Branch - a new toilet cubicle was installed in the rear of the Church building for Senior officers and visiting ministers.
## DBR Checks
Most have been done except for a few due to the changing of administrators.
## Ecumenical Relationship
Shiloh works ecumenically as we belong to one body of Jesus Christ with many members. We work with the International Ministerial Council of Great Britain, where we are founding members and through them we work with the Ecumenical Bodies in the United Kingdom.
We are members of the Conference of European Churches, so here we have a Europe wide relationship and we work with other Churches in Sheffield and nation -wide. We share in services, special occasions, our Presider Preaches and other Bishop and Ministers also take part. This is in line with the fact that we are part of the worldwide Christian Body of Christ and that our Ministry is without walls.
## Policies
We have been advised that there are a number of Policies which have to be put in place. At the time of writing this report we have not been able to do this. Work has started on the financial procedure but has to be enlarged. We hope that by the next reporting period all these policies will be completed.
## Risk Management Policy
At present we need to work on this policy, but there are no areas of risk or matters for concern to the Church at this time.
## Conflict of Interest policy
To be completed for the next reporting period. However, there are no conflict of interest at present among the Trustees, the Executive Board or has been reported by members.
## Volunteer Management Policy
Generally volunteers are appointed by the Presider, the Executive Board or other delegated Officer. For some areas they are appointed at the Annual General Conference.
Again a policy has to be worked on for the next reporting period.
6
## **SHILOH UNITED CHURCH OF CHRIST**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
## Complaints handling Policv
Based on the Constitution there is a procedure for dealing with complaints or disciplining, but a policy has not been created. Again, to be done for the next reporting period.
## Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
## Reserve Policy
This is being looked at with a view to its development.
## Financial Procedure Manual
Work has begun but need to be widened.
## Financial Review
Total incoming resources for the period were £49,932 (2022/23: £5,451) of which £7,098 was unrestricted income (2022/23: £1,571). Total resources expended were £35,257 (2022/23: £3,870) of which £1,298 was unrestricted expenditure. A full review of the financial position of the charity can be found on the attached financial statements.
## Reserves
As at the balance sheet date of 31 March 2024 the charity had free reserves (unrestricted funds) of £5,527 (2022/23 £1,563) and restricted reserves of £9,147 (2022/23 £0).
7
SHILOH UNITED CHURCH OF CHRIST
TRUSTEES. REPORT (contlnuqd)
FOR THÈ YEAR ENDED 31sr MARCH 2024
Tnwt•••' R•wMlblllll••
The Charltles Act 2022 rtqulre5 the tru$te&s to prepare flnanclJl statements Icf flnanckl year wh*h presents
true &)d falr VIV d the stote cl affTs cl the Chorfty and cl the surplus ¢X the Charf(y fcf that perknl. In preparlng
thc6e flnaftc*l st•ipJnents the tru5teos are requlred to:
l) *t suttablE rKcwntkng pc4tks and appty them conststent
11) Make Judgements and e5tthate5 that are reasmabk and pnjdent
111) Ware thancw siatemtnts cffl the gdng Ccern bas& unless r( 15 InJpprcprl*e to presume that the trust
contlnue In oxlsl•nc
The Trustees ¥e respcffjslb fcf keepkng proper aCtntIn0 r*ccfd$, whkh dls¢k%e reascfflable Kcur&y at any
¢lme the fthJncLryl p¢¥skkn cl th• Charlty. They are aLso responslbte fer saleguardlng the assets cl the arr¢Y an
hce tath9 rsonable steps tr the preventM and dete¢tk41 rf Iraud and rther Irreg*Jlarf¢ks.
l apprcN• th• attxhèj statwThent rf flnan¢W JrtMt*5 •nd balrynce gheet and conflrm thjt I he made avalab al
ltymatkn necess preprntkn.
4iprmJ by the Trugt•e5 ¢....
S*n•J thdr bqhll byTrUit...
Ylnted N•.
## **SHILOH UNITED CHURCH OF CHRIST**
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
Report to the trustees/ members of Shiloh United Church of Christ (Apostolic) Worldwide on the accounts for the year ended 31st March 2024.
## **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 2022 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2022 Charities Act,
- 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
- 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
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination
have not been met; or
2. 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: 6th January 2025
9
## **SHILOH UNITED CHURCH OF CHRIST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024**
|**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
Prior year adjustment
**BALANCES CARRIED FORWARD**
**TRANSFERS BETWEEN FUNDS**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
**RESOURCES EXPENDED**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023/24**
**2022/23**
£
£
**£**
**£**
Revised
60,822
151
60,973
45,283
618
-
618
841
21,520
-
21,520
138,764
-
-
-
17,835|
|---|---|
||**82,960**
**151**
**83,111**
**202,723**|
||53,229
-
53,229
77,783|
||**53,229**
**-**
**53,229**
**77,783**|
|||
||**29,731**
**151**
**29,882**
**124,940**
-
-
-
-|
||**29,731**
**151**
**29,882**
**124,940**|
||586,257
42,915
629,172
504,231
3,567
-
3,567
-|
||**619,555**
**43,066**
**662,621**
**629,172**|
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:-
12 to 18
10
SHILOH UNITED CHURCH OP CHRIST
BALANCE SHEET
AS AT 31 MARCH 2024
Unre5lrlcted
Fund
Restrtt¥J
Fund
Yrtal
Tot•1
31-M•p24 31•m•23
Nrtes
A•vl••d
141,643
Tart91b A55rt5
Investment Assets
312,793
312,793
312 793
312 793
141 643
Oebt¢)rs & PreP*ts
Cash at bank hd
307,942
43,066
351,008
488,655
Tot•1 ¢wr•rt Aw•l•
43 066 351008
crndlto wncwnts fath)g due
%¥fthkn cfie yw
CUAReMT ASSErg
1,180
I,ieo
1,126
306,762
43,066
349,828
487,529
TOTAL ASSETS less curmt lablkles
619,555
43,006 061621
629,172
Cr•dltorn wnwnts lakng du• In mc¢e
th•n y
io
19,555
621
629,171
IFUNDS OP TIII CHAAXYY
Gtrltral Funds
Rastrkted fijnds
619,555
619,555
43,066
586,257
42,915
43.066
TOTAL VUMDS
619 SSJ
621
The financthl At•t*n•nts w•re Dppmed. 4Uth¢X1s and sbJn•d thdr b•h•l1 by:
Appru4•S by the Trustees on .
Slgnèj thdr bthdf byTnJstee...
Prlnt Name: .......
li
## **SHILOH UNITED CHURCH OF CHRIST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **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 2022.
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;
- the trustees are virtually certain they will receive the resources; and
- 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
12
## **SHILOH UNITED CHURCH OF CHRIST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **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.
## **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% Building Improvements 15%
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
13
## **SHILOH UNITED CHURCH OF CHRIST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **2. TANGIBLE FIXED ASSETS**
|Additions
Charge for the Year
At 31 March 2024
**Net Book Value**
At 31 March 2024
At 1 April 2023
**Cost**
At 1 April 2023
At 31 March 2024
**Accumulated Depreciation**
At 1 April 2023|Motor Vehicles
Fixtures,
Fittings &
Equipment
Building
Improvement
s
Land &
Buildings
(Restricted)
**2023/24**
£
£
£
£
£
29,045
28,959
69,942
116,409
244,355
-
-
174,935
-
174,935|
|---|---|
||29,045
28,959
244,877
116,409
419,290|
||25,576
24,670
52,467
-
102,713
520
643
2,621
-
3,785|
||26,096
25,313
55,088
-
106,498|
|||
||**2,949**
**3,646**
**189,789**
**116,409**
**312,793**|
||3,469
4,289
17,475
116,409
141,643|
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2024 : None
31st March 2023 : None
This page does not form part of the statutory financial statements
14
## **SHILOH UNITED CHURCH OF CHRIST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **3. INCOMING RESOURCES**
|Note
**c) Incoming from Charitable Activities**
**d) Other Income**
Booklets & Programme & Baby blessings
Mini-bus Income
Sundry Income
Building fund income
**b) Investment Income**
Interest Received
Convocation Fees
Birmingham
**a) Donations & Legacies**
Tithes
Gifts
Offerings
Gift Aid Tax Recovered|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023/24**
**2022/23**
£
£
**£**
**£**
Revised
29,845
-
29,845
28,103
9,667
-
9,667
-
15,714
151
15,865
11,898
4,955
-
4,955
5,282
642
-
642
-|
|---|---|
||**60,822**
**151**
**60,973**
**45,283**|
||618
-
618
841|
||**618**
**-**
**618**
**841**|
||1,815
-
1,815
505
19,655
-
19,655
138,053
50
-
50
101
-
-
-
105|
||**21,520**
**-**
**21,520**
**138,764**|
||-
-
-
17,835|
||**-**
**-**
**-**
**17,835**|
This page does not form part of the statutory financial statements
15
## **SHILOH UNITED CHURCH OF CHRIST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **4. RESOURCES EXPENDED**
|Note
Utility Costs-Electric
Utility Costs-Gas
Utility Costs-Water
Waste Disposal
**Governance costs:-**
Independent Examiner Fee
Depreciation expense
Motor Vehicle Costs
Office Materials
Rent & Rates
Repairs & Maintenance
Sundry Expenses
Telephone Costs
Travel & Subsistence
Gifts & Offerings
Health & Safety
Insurance
License & Subscriptions
Music
Mission
**a) Charitable Activities**
Activities & Events
Accommodation Reimb
Birmingham Expense
Branch Aid
Convocation expense|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023/24**
**2022/23**
£
£
**£**
**£**
Revised
1,872
-
1,872
-
742
-
742
-
9,860
-
9,860
21,898
-
-
-
300
-
-
-
897
5,418
-
5,418
4,962
737
-
737
123
-
-
-
5,092
450
-
450
285
-
-
-
246
-
-
-
150
1,884
-
1,884
2,322
198
-
198
278
5,776
-
5,776
5,489
132
-
132
1,793
6,240
-
6,240
19,116
963
-
963
593
990
-
990
1,738
5,838
-
5,838
3,775
6,302
-
6,302
2,473
283
-
283
523
575
-
575
151
3,785
-
3,785
4,453
1,182
-
1,182
1,126|
|---|---|
||**53,229**
**-**
**53,229**
**77,783**|
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16
## **SHILOH UNITED CHURCH OF CHRIST**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
## **5. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
|Bishops Offerings
Special Offerings
Resurrection Seed|**Balance**
Gains &
**Balance**
**01-Apr-23**
Income
Expenditure
(Losses)
Transfer
**31-Mar-24**
£
£
£
£
**£**
5,802
-
-
-
-
5,802
16,563
151
-
-
-
16,714
20,550
-
-
-
-
20,550|
|---|---|
||**42,915**
**151**
**-**
**-**
**-**
**43,066**|
## **PREVIOUS FINANCIAL YEAR**
|Bishops Offerings
Special Offerings
Resurrection Seed|**Balance**
Gains &
**Balance**
**01-Apr-22**
Income
Expenditure
(Losses)
Transfer
**31-Mar-23**
£
£
£
£
**£**
5,802
-
-
-
-
5,802
16,563
-
-
-
-
16,563
20,550
-
-
-
-
20,550|
|---|---|
||**42,915**
**-**
**-**
**-**
**-**
**42,915**|
The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
## **6. INVESTMENTS**
The Charity held no investment assets during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
|Current Account
Business Reserve Account
Business Reserve Account 2|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-24**
**31-Mar-23**
£
£
**£**
**£**
70,040
43,066
113,106
251,371
56
-
56
56
237,846
-
237,846
237,228|
|---|---|
||**307,942**
**43,066**
**351,008**
**488,655**|
## **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-24**
**31-Mar-23**
£
£
**£**
**£**
1,180
-
1,180
1,126|
|---|---|
||**1,180**
**-**
**1,180**
**1,126**|
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17
## **SHILOH UNITED CHURCH OF CHRIST**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
## **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.
## **11. STAFF COSTS AND NUMBERS**
The Charity employed no members of staff during this or the previous financial period.
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000.
(2022/23- None)
## **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.
(2022/23- 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.
## **16. PRIOR YEAR ADJUSTMENT**
The funds brought forward have been adjusted by £3,567 to reflect a true and fair view of the Charity's closing position as at 31st March 2024. This was due to two cheques, outstanding at the end of the last financial year, not added to the ledger.
This page does not form part of the statutory financial statements
18