# CHURCHILL STATESIDE SECURITIES, LLC X-17A-5 (2024-02-22) — Broker-dealer annual report - Company: CHURCHILL STATESIDE SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-02-22 - Period: 2023-12-31 - Accession: 0001496738-24-000004 - CIK: 1496738 - File #: 8-68652 - Type: Broker-dealer - Material weakness: No - Auditor: GOLDMAN & COMPANY, CPA'S, P.C. - Auditor location: MARIETTA, GA - Contact: DAVID CARR - Phone: 760-822-6944 - Email: dcarr@cssecurities.com - Website: cssecurities.com - Signed by: DAVID CARR (FINANCIAL AND OPERATIONS PRINCIPAL) Original filing: https://www.sec.gov/Archives/edgar/data/1496738/000149673824000004/churchillaudit23.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** UN]TED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 # **ANNUAL REPORTS FORM X-17A-5 PART** Ill ANNUAL REPORTS FORM X-17A-5 PART III | 0MB APPROVAL
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hours per response: l2 | | | | | | | SEC FILE NUMBER 8-68652 sEC FIIE NU{\'BER 8-68652 | | FACING PAGE
FACING PAGE | | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|--------------------------------------------|--| | | lnformation Required Pursuant to Rules t 7a-5, Lta-tl, and 18a-7 under the Securities Exchange Act of 1934
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | FILING FOR THE PERIOD BEGINNING 01/01/23 | 01 /0 1 123
AND ENDTNG | AND ENDING 12/31 /23 | 12131 123 | | | FILING FOR THE PERIOD BEGINNING | MM/DD/YY
MM/DD/YY | | MM/DD/VY
MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION
A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM | Churchill Stateside Securities, LLC
NAME OF FIRM: Churchill Stateside Securities, LLC | | | | | TYPE OF REGISTRANT (check all applicable boxes):
TYPE OF REGISTRANT {check all applicable boxes):
Ll Broker-dealer I Security-based swap dealer
[ Broker-dealer
D Check here if respondent is also an OTC derivatives dealer
n Check here if respondent is also an oTC derivatives.dealer | [ Security-based swap dealer | E fVlajor security-based swap participant | 0 Major security-based swap participant | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: {Do not use a P.O. box no.) | | | | | 6250 Shiloh Road Suite 235
6250 Shiloh Road Suite 235 | | | | | | | (No. and Street)
(No. and Street) | | | | | Alpharetta
Alpharetta | Georgia
Georgia | | 30005
30005 | | | (City)
(City) | (State)
{State} | | (Zip Code)
(Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING
PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Carr
David Carr
David | 760-822-6944
76A-822-6944 | dcarr@cssecurities.com
dcarr@cssecu rities. com | | | | (Name)
(Name) | (Area Code - Telephone Number)
(Area Code - Telephone Number) | (Email Address)
(Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION
B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | Goldman & Company, CPA's, P.C. | Goldman & Company, CPA's, P.C. | | | | | | (Name - if individual, state last, first, and middle name)
(Name - if individual, state last, first, and middle name) | | | | | 3535 Roswell Rd., Suite 32 Marietta
3535 Roswell Rd., Suite 32 f\Iarietta | | GA
GA | 30061
30061 | | | (Address)
(Address) | (City)
(cityi | (State)
(State) | (Zip Code)
{Zip Code) | | | 06/25/2009
06t25t2009 | | 1952
1952 | | | | (Date of
n with
a | | | ifa
Num | | | T" of Registration with PCAOB)(if applicable) | FOR OFFICIAL USE ONLY
FOR OFFICIAL USE ONLY | | (PCAOB Reg;snaboa Nombec, ;t appl;cableJ I | | Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. \* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a stat€ment of facts and circumstances relied on as the basis of the exemption. See 17 CFR 24o.17a-5(e){1}(ii}, if applicab}e' **Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.** persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### **OATH OR AFFIRMATION** OATH OR AFFIRMATION I, David Carr swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Churchill Stateside Securities, LLC as of **2/12** 202,is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. l, David Carr swear (or affirm) that, to the best of my knowledge and belief, the to the firm of Churchill Stateside Securities, LLC as of financial report pertaining 2t12 2024 , is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. ![](_page_1_Picture_2.jpeg) Financial and Operations Principal Si Financial and Operations Principal Notay Pubic #### **This filing\*\* contains (check all applicable boxes):** This filing\*\* contains (check all applicable boxes): - ii (a) Statement of financial condition. E (a) Statement of financial condition. - [ (b) Notes to consolidated statement of financial condition. il (b) Notes to consolidated statement of financial condition. - Iii (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined i n § 210.1-02 of Regulation S-X). E (c) Statement of inconre (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in 5 210.1 02 of Regulation S,X). - ii (d) Statement of cash flows. E (d) Statement of cash flows. - Iii (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. E (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. [] (f) Statement of changes in liabilities subordinated to claims of creditors. - Iii (g) Notes to consolidated financial statements. E (g) Notes to consolidated financial statements. - Iii (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. E (h) Computationof netcapital under17CFR240.15c3-1 or17 CFR 240.18a-l,asapplicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. tr (i) Computation of tangible net worth under 17 CFR 240.18a-2. - Iii (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. E (j) Computation for determination of customer reserve requirements pursuantto ExhibitAto 17 CFR 240.15c3-3. - L () Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. Ll {k) Computation for determ ination of security-based swa p reserve req uirements pursua nt to Exh ibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 24O.1Ba-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. ti (l) Computation for Determination of PAB Requirements under Exhibit A to 5 240.15c3-3. - Iii (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. E (m) lnformationrelatingtopossessionorcontrol requirementsforcustomersunderlTCFR240.l5c3-3. - \_ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) 0r 17 CFR 240.18a-4, as applicable. tr (n) lnformation relating to possession or control requirements for security-based swap customers under L7 CFR 240.15c3-3(p)(21 or L7 CFR 240.18a-4, as applicable. - Iii (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3 3 or 17 CFR 240.18a 4, as applicable, if material differences exist, or a statement that no material differences exist. E {o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 24O.tSc3-!, !7 CFR 240.18a-1", or 17 CFR24O.1.8a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3 ? or 17 CFR 240.18a 4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. I (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - Iii (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. E (q ) Oath or affirmation in accordance with 17 CFR 240.17a-5, 1-7 CFR 24A.U a-1.2, or 17 CFR 240.L8a-7 , as a pplica ble. - () Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. n (r) Com plia nce report in accorda n ce with 17 CF R 240.17a-5 o r 17 CFR 740.1.8a-7 , as a pplica ble. - Iii (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. E (s) Exemption report in accordance with L7 CFR24O.t7a-5 or 17 CFR 24O.1,8a-7, as applicable. - E (t) Independent public accountant's report based on an examination of the statement of financial condition. I (t) lndependent public accountant's report based on an examination of the statement of financial condition. - Iii (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. E (u) lndependent public accountant's report based on an examination of the financial report or financial statements under i"7 CFR 240.17a-5, 17 CFR 24O.l8a-7, or 17 CFR 240.17a-12, as applicable. - [ ()Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. I (v) lndependent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - Iii (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. E (w) ln dependent pu blic accou nta nt's report based on a review of the exem ption report u n der 17 CFR 24O "1,7 a-5 or 1,7 CFR 240.18a-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. n (x) Su pplemental reports on a pplying agreed-u pon proced ures, in accord a nce with 17 CF R 24O.15c3-'l,e or !7 CFR 24O.11a^!2, as applicable. - D (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). I (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR24A.fia-12(k). - () Other:-------------------------------------- - *To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.* \*\*To request cont'idential treatment of certoin partians of this filing, see 17 CFR 240.L7o-5(e)(i) or 17 CFR 240.18o-7(d){2), os opplicoble. {2}------------------------------------------------ # **CALIFORNIA JURAT FORM CIVIL CODE SECTION 8202** | CALIFORNIA JURAT FORM | ctvtl coDE SECTTON 8202 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------| | A notary public or other officer completing this certificate verifies only the identity of the individual who
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signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that
signed the document to which this certificate is attached, and not the truthfulness, accurac% or validity of that
document.
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w | | | | | | | | | | {3}------------------------------------------------ (A LIMITED LIABILITY COMPANY) \$ lLrvlTED LIABtL|TY COTV|PANY) FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2023 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FINANCIAL STATEIUENTS FOR THE YEAR ENDED DECETUBER 31,2A23 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRIVI {4}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A Lfi\4tTED L|ABTL|TY CONIPANY) | Table of Contents
Table of Contents | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Report of Independent Registered Public Accounting Firm
1
Report of lndependent Registered Public Accounting Firm
1 | | Financial Statements
Financial Statements | | Statement of Financial Condition
2
Statement of Frnancial Condition.
2 | | Statement of Operations .
. ,
3
Statement of Operations. ,. ,
3 | | Statement of Changes in Members' Equity
4
Statement of Changes in lVembers' Equity
4 | | Statement of Cash Flows
5
Statement of Cash Flows.
tr | | Notes to Financial Statements
6
Notes to Financial Statements.
b | | Supplementary Schedule I- Computation of Net Capital
10
Supplementary Schedule I - Computation of Net Capital.
10 | | Supplementary Schedule II- Computation for Determination
Supplementary Schedule ll - Computation for Determination
of Reserve Requirements
11
of Reserve Requirements
11 | | Supplementary Schedule Ill - Information Relating to the Possession or
Supplementary Schedule lll - lnformation Relating to the Possession or
Control Requirements
11
Control Requirements "
.tt | | Independent Accountant's Report on Exemption
12
lndependent Accountant's Report on Exemption
12 | | Exemption Report
13
Exemption Report.
13 | | Independent Accountants' Report on Applying Agreed-Upon Procedures
lndependent Accountants' Report on Applying Agreed-Upon Procedures
Related to SIPC Assessment Reconciliation
14
Related to SIPC Assessment Reconciliation
14 | | SIPC General Assessment Reconciliation Form SIPC-7
15
SIPC General Assessment Reconciliation Form SIPC-7
15 | {5}------------------------------------------------ #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM REPORT OF INDEPENDENT REGISTERED PUBLItI ACCOtin-TINCi FIRI\I #### Churchill Stateside Securities LLC To the Members of To the Members o1 Churchill Sfateside Securities LLC # Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Churchill Stateside Securities LLC as < of December 3 1 , 2023, the related statements of operations, changes in member's equity and cash flows for the il. year then ended and the related notes (collectively referred to as the "financial statements"). In our opinion, **theu** *>* financial statements present fairly, in all material respects, the financial position of Churchill Stateside O Securities LLC as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. • U ' **Basis for Opinion** Wc have audited the accornpanying statcmcnt of t-inancial condition of Churchill Slateside Secnrities LLC as of I)ecember 3 i, 2023, the related slatements of operations, changes in membcr's cquity and cash Jlor.vs tbr thc year thcn cndcd and the related notes (collectively ref-erred ter as the "flnancial stirtcrncnts"). In our opinion, filancial staterrents prescnl fiairly. in all mate-rial respccts, thc llnancial position of Churchill Stateside Securities I-l-Cl as of December 31 .2023, and the rcsults of its operations and its cash floi.vs fbr the year then cntlcd in ctxformity with accounting prilciples gcncrall-v acccptcd in thc United States olAmerica. # Basis for Opinion These financial statements are the responsibility of Churchill Stateside Securities LLC 's management. Our responsibility is to express an opinion on Churchill Stateside Securities LLC's financial statements based on our audit. We are a public accounting film registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the company in accordance with the US Federal securities laws and the applicable rnles and regulations of the Securities and Exchange Commission and the PCAOB. These financiiil stalerrents are the responsibility of Churchill Stateside Securities LLC 's managenrent. Our respor,sibilitv is to erpress an opinior.r on Churchill Stateside Securities LLC's financial statcments based on our audit. trVe are a pubiic accounting finn registered with thc Public Company Accourting Oversight Board (United States) ("PCAOIl") and arc rcquired til bc indcrpcndent with respect to the company in accordance with the U.S Fedelal securities lau,s und thc applicablc lulcs and regulations ol the Seculities and Exclrange Conrmission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. We conducted our audit in accordance u'ith the standat'ds of the PCAOB. Those standards requile that r,vc plan and perforrn the audit to obtain rcasonable assurance about u,hether the financiai statcmcnts arc frce of rnaterial m:isstertement, p'liether due to error or fraud. Our audit inclr,rdc,d perfornring procedures to assess the risks of n-ratcrial misstatcmcnt of thc financinl statcmcnts" lvhether due to error or fl-aud, and perfbrmir-rg procedures that respond to those risks. Such procedures includcd cxamining. on a test btrsis. evidence regarding the :ulonnls and disclosules in tl-re llnanciai statemcnts. Our audit also incfi,rded evah.rating the accounting plinciples used and significant estimates made by rnanagelnent, as w-ell as evaluatirrg the overall presentation of thc financial statemenls. We belicvc that our audit provides a reasonablc basis for our opinion. #### **Auditor's Report on Supplemental Information** Auditor's Report on Supple m ental In t'orry4Ilen The Schedule's I- Computation of Net Capital Under SEC Rule 15c3-1, Schedule II-Computation for Determination of Reserve Requirements Pursuant to SEC Rule 15c3-3 (exemption) and Schedule III-Information Relating to Possession or Control Requirements Pursuant to SEC Rule 15c3-3 (exemption) have been subjected to audit procedures perfonned in conjunction with the audit of Churchill Stateside Securities LLC's financial statements. The supplemental infonnation is the responsibility of Churchill Stateside Securities LLCs management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the infonnation presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. \$240.17a-5. In our opinion, the schedule's I, II. and III are fairly stated, in all material respects, in relation to the financial statements as a whole. The Schedule's I- Computation ol Net C:rpital Under SEC Rule l5c3-1, Scl.redule Il-Cornpul.ation lor Delerminatior.r of Reserve Requiretnents Pursuant to SEC Rulc 15c3-3 (exemption) and Schedule III-Tnfornat:ion Relating to Possession ol Connol Requirements Pursuant to SEC Rule 15c3-3 (exenrption) have been subjecled to audiL procedures llerlbrmed in conjunction rvith the audit ol C-hurchill Stateside Securities LLC's finar.rcial statetlents. The supplenrental infbnnation is the rcsponsibility of Churchill Statcside Securities I-l.C's nranagenlent. Our audit ptoccdurcs included determining whethel the supplemental in lormation leconcile s to the financial statcnrents or lhe underlying accolLnting and otirer rccords. as applicable, and performing procedures to te st the completeness and acculacy of the inforniation presented in the supplemontai irrlrrrmation. [n forming our opinion on thc snpplemental infomation, we cvaluated wlrelher lhe supplenrental information, including its lorrn and content, is presented in conlorrnity rvith I 7 C.F.R. \$240.17a-5. In our opinion, the scheduie's 1, II. and III are fairliu stated, in all marerial respccts, in relation to the financial statements as a u,hole . t'\* {YY r/3 {\* 6n\* We have served as the Company's auditor since 201 5 . We have scr\ied as the Company's audiior since 2015 Goldman & Company, CPA's, P.C. Marietta, Georgia February 22, 2024 Goldrlan & Con.rpany. CPA's, P.C. Marietta. Geor-gia Fcbr-uary 22.2024 3535 Roswell Road · Suite 3 2 · Marietta, *GA* 30062 · 770.499.8558 · Fax 770.425.3683 {6}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A LINI ITED LIABILITY CON/PANY) #### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023** STATEMENT OF FINANCIAL CONDITION DECEMBER 31,2A23 # **ASSETS** ASSETS | CURRENT ASSETS
CURRENT ASSETS | | |--------------------------------------------------------|------------------------------------| | Cash and Cash Equivalents
Cash and Cash Equivalents | 1,761,325
\$
1,761,325
\$ | | Related Party Receivable | 1,071,599 | | Related Party Receivable | 1,071,599 | | Prepaid Expenses | 19,870 | | Prepaid Expenses | 19 | | | 2,852,794 | | Right of Use Asset - Operating Lease | 85,769 | | Right of Use Asset - Operating Lease | 85,769 | | TOT AL ASSETS | 1\$ | | TOTAL ASSETS | 2,938,563 | | | | # **LIABILITIES AND MEMBERS' EQUITY** LIABILITIES AND MEMBERS' EQUITY | LIABILITIES
LIABILITIES
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Expenses
Payroll Payable
PayrollPayable
Accrued Commission
Accrued Commission
Lease Liability - Operating Lease
Lease Liability - Operating Lease | \$
\$ | 34,560
34,560
17,677
17,677
681,463
681,463
88,399
88,399 | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|--------------------------------------------------------------------------------| | Total Liabilities
Total Liabilities | I | 822,099
822,099 | | MEMBERS' EQUITY
MEMBERS'EQUITY
TOTAL LIABILITIES AND MEMBERS' EQUITY
TOTAL LIABILITIES AND MEMBERS' EQUITY | IS | 2,116,464
2,116,464
2,938,563 | The Accompanying Notes are an Integral Part of these Financial Statements The Accompanying Notes are an lntegral Part of these Financial Statements {7}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A LIl\ilITED LIABILITY COMPANY) #### **STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023** STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31,2023 | REVENUE | 255,563 | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | REVENUE | \$ | | Brokerage Fees - Underwriting | 255,563 | | Brokerage Fees - Undenuriting | \$ | | Commissions - Investment Brokerage | 3,044,315 | | Commissions - lnvestment Brokerage | 3,044,315 | | Dealer Fees - Investment Brokerage | 3,044,316 | | Dealer Fees - lnvestment Brokerage | 3,044,316 | | Miscellaneous Income | 23,544 | | Miscellaneous Income | 23,544 | | Total Revenue | I | | Total Revenue | 6,367,738 | | OPERATING EXPENSES
OPERATING EXPENSES
Compensation and Benefits
Compensation and Benefits
Consulting
Consulting
Rent
Rent
Travel, Meals and Entertainment
Travel, Meals and Entertainment
Professional Fees
Professional Fees
Licenses and Fees
Licenses and Fees
Computer and Technology
Computer and Technology
Insurance
lnsurance
Other Operating Expenses
Other Operating Expenses | 5,858,369
5,858,369
257,210
257,21A
45,450
45,45A
43,671
43,671
141,934
141,934
39,449
39,449
9 1,186
91,186
1 6,711
16,711
37,403
37,403 | | Total Expenses | I | | Total Expenses | 6,531,383 | | NET LOSS
NET LOSS | \$
(163,645)
\$
(163,645) | The Accompanying Notes are an Integral Part of these Financial Statements The Accompanying Notes are an lntegral Part of these Financial Statements {8}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A LIIV ITED LIABILITY COI\IPANY) #### **STATEMENT OF CHANGES IN MEMBERS' EQUITY FOR THE YEAR ENDED DECEMBER 31, 2023** STATEMENT OF CHANGES IN MEMBERS'EQUITY FOR THE YEAR ENDED DECEMBER 31 2023 | MEMBERS' EQUITY, JANUARY 1
MEMBERS' EQUITY, JANUARY 1 | \$
\$ | 2,28Oj}s
2,280,109 | |--------------------------------------------------------------|----------|------------------------| | Net Loss
Net Loss | | (163,645)
(163,645) | | Member Distributions
Member Distributions | | | | MEMBERS' EQUITY, DECEMBER 31
MEMBERS' EQUITY, DECEMBER 31 | IS | 2,116,464 | | | | | The Accompanying Notes are an Integral Part of these Financial Statements The Accompanying Notes are an lntegral Part of these Financial Statements > 4 4 {9}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A LINX ITED LIAB I LITY COTVIPANY) #### **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2023** STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31 2023 | OPERATING ACTIVITIES
OPERATING ACTIVITIES
Net Loss
Net Loss | \$
\$ | (163,
(163,645) | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|----------------------------------------------------------------------------------------------------------------------------------------| | Adjustments to Reconcile Net Loss to Net Cash
Adjustments to Reconcile Net Loss to Net Cash
Used by Operating Activities:
Used by Operating Activities:
Decrease in Related Party Receivable
Decrease in Related Party Receivable
Increase in Prepaid Expenses
Increase in Prepaid Expenses
Decrease in Right of Use Asset
Decrease in Right of Use Asset
Increase in Accounts Payable
lncrease in Aceounts Payable
Increase in Payroll Payable
lncrease in Payroll Payable
Decrease in Lease Liability - Operating Lease
Decrease in Lease Liability - Operating Lease
Net cash provided by operating activities
Net cash provided by operating activities | I | 223,425
223,425
(4,82e
(4,829)
24,583
24,583
20,493
20,493
27,281
27,281
(23,592)
(23,592)
103,716 | | NET INCREASE IN CASH
NET INCREASE IN CASH
CASH and CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH and CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH and CASH EQUIVALENTS AT END OF YEAR
CASH and GASH EQUIVALENTS AT END OF YEAR | I
-rc
IS | 103,716
1,657,609
1,657,609
1,761,325 | The Accompanying Notes are an Integral Part of these Financial Statements The Accompanying Notes are an Integral Part of these Financial Statements {10}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A LItvITED LIABIL|TY COI\,1PANY) #### **NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2023** NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2423 #### **1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES #### Organization and Nature of Business Orqanization and Nature of Business Churchill Stateside Securities, LLC, a Georgia limited liability company (the "Company"), is registered as a broker-dealer with the Securities and Exchange Commission (the "SEC") and is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA"). The Company received its approval for membership on January 28, 2011. Churchill Stateside Securities, LLC, a Georgia limited liability company (the "Company"), is registered as a broker-dealer with the Securities and Exchange Commission (the 'SEC") and is a member of the Financial lndustry Regulatory Authority, lnc. ("FINRA")- The Company received its approval for membership on January 28,2011. The Company received approval as a Municipal Advisor from the SEC on October 30, 2018. The Company received approval as a Municipal Advisor from the SEC on October 30, 2018. The Company primarily engages in the private placement of syndicated tax credits to accredited investors. Additionally, the Company underwrites Tax-Exempt Bond issues. The tax credits are syndicated by Churchill Stateside Group, LLC ("CSG"), who owns the Company along with Stateside Capital, LLC ("SC"). CSG owns Churchill Mortgage Investment LLC ("CMI"). CMI is the mortgage lender on some transactions where the Company is the Bond Underwriter or Municipal Advisor. The Company primarily engages in the private placement of syndicated tax credits to accredited investors. Additionally, the Company underwrites Tax-Exempt Bond issues. The tax credits are syndicated by Churchill Stateside Group, LLC (\*CSG"), who owns the Company along with Stateside Capital, LLC ('SC"). CSG owns Churchill Mortgage lnvestment LLC ("CMl") CI\II is the mortgage lender on some transactions where the Company is the Bond Undenrvriter or Municipal Advisor. Since the Company is a limited liability company, the members are not liable for the debts, obligations, or liabilities of the Company, whether arising in contract, tort or otherwise, unless the members have signed a specific guarantee. Since the Company is a limited liability company, the members are not liable for the debts, obligations, or liabilities of the Company, whether arising in contract, tort or otherwise, unless the members have signed a specific guarantee. ### Basis of Accounting Basis of Accounting The Company maintains its books and records on the accrual basis of accounting for financial reporting purposes, which is in accordance with U.S. generally accepted accounting principles and is required by the SEC and FINRA. The Company maintains its books and records on the accrual basis of accounting for financial reporting purposes, which is in accordance with U.S. generally accepted accounting principles and is required by the SEC and FINRA. #### Estimates Estimates The presentation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The presentation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ### Cash and Cash Equivalents Cash and Cash Equivalents The Company defines cash equivalents as highly liquid investments with original maturities of less than ninety days that are not held for sale in the ordinary course of business. The Company defines cash equivalents as highly liquid investments with original maturities of less than ninety days that are not held for sale in the ordinary course of business" ### Income Taxes lncome Taxes The Company is an LLC taxed as a partnership for income tax reporting purposes, and as such, is not subject to income tax. Accordingly, no provision for income taxes is provided in the financial statements. The Company is an LLC taxed as a partnership for income tax reporting purposes, and as such, is not subject to income tax. Accordingly, no provision for income taxes is provided in the financial statements. {11}------------------------------------------------ # **1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued** 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued The Company has adopted the provisions of FASB Accounting Standards Codification 740-10, Accounting for Uncertainty in Income Taxes. Under FASB ASC 740-10, Under FASB ASC 740-10, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions for which a provision or liability for income taxes is necessary. The Company has adopted the provisions of FASB Accounting Standards Codification 740-10, Accounting for Uncertainty in lncome Taxes. Under FASB ASC 740-10, Under FASB ASC 740-10, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions for which a provision or liability for income taxes is necessary. ### Leases Leases The Company recognizes and measures its leases in accordance with FASB ASC 842, *Leases.* The Company determines if an arrangement is a lease, or contains a lease, at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and a right of use (ROU) asset at the commencement date of the lease. The lease liability is initially and subsequently recognized as the present value of its future lease payments. The discount rate used for the present value is the implicit rate if it is readily determinable or otherwise the Company uses its incremental borrowing rate. The implicit rates of our leases are not readily determinable and accordingly, we use our incremental borrowing rate based on the information available at the commencement date for all leases. The Company's incremental borrowing rate for a lease is the rate of rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms and in a similar economic environment. The ROU asset is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), plus unamortized initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received, and any impairment recognized. Lease cost for lease payments is recognized on a straight-line basis over the lease term. The Company recognizes and measures its leases in accordance with FASB ASC 842, Leases The Company determines if an arrangement is a lease, or contains a lease, at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and a right of use (ROU) asset at the commencement date of the lease. The lease liability is initially and subsequently recognized as the present value of its future lease payments. The discount rate used for the present value is the implicit rate if it is readily determinable or othenarise the Company uses its incremental bonowing rate. The implicit rates of our leases are not readily determinable and accordingly, we use our incremental borrowing rate based on the information available at the commencement date for all leases. The Company's incremental borrowing rate for a lease is the rate of rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms and in a similar economic environment" The ROU asset is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), plus unamortized initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received, and any impairment recognized. Lease cost for lease payments is recognized on a straight-line basis over the lease term. The Company has elected, for all underlying classes of assets, to not recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less at lease commencement, and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. We recognize lease cost associated with our short-term leases on a straight-line basis over the lease term. The Company has elected, for all underlying classes of assets, to not recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less at lease commencement, and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. We recognize lease cost associated with our short-term leases on a straight{ine basis over the lease term. Other information related to leases as of December 31, 2023: The average discount rate is the assumed marginal borrowing rate of 6% and the weighted average remaining lease term for operating leases is 49 months. Other information related to leases as of December 31 ,2023:. The average discount rate is the assumed marginal borrowing rate of 60/o and the weighted average remaining lease term for operating leases is 49 months. ### Revenue Recognition Revenue Recoqnition On January 1 , 2018, the Company adopted ASU 2014-09 *Revenue from Contracts with Customers* and all subsequent amendments to the ASU (collectively, "ASC 606") using the modified retrospective method of adoption. ASC 606 created a single framework for recognizing revenue from contracts with customers that falls within its scope. Under ASC 606, revenue is recognized upon satisfaction of performance obligations by transferring control of goods or services to a customer. Services within the scope of ASU 606 include: On January 1,2A18, the Company adopted ASU 2014-09 Revenue from Cantracts with Customers and all subsequent amendments to the ASU (collectively, "ASC 606") using the modified retrospective method of adoption. ASC 606 created a single framework for recognizing revenue from contracts with customers that falls within its ssope. Under ASC 606, revenue is recognized upon satisfaction of performance obligations by transferring control of goods or services to a customer. Services within the scope of ASU 606 include: - a: Investment Brokerage a: Investment Brokerage - b: Underwriting Income b: Undervwiting lncome {12}------------------------------------------------ ### Investment Brokerage Services: lnvestment B Services These services include agreements to provide advisory services to customers for which they charge the customers fees. The Company provides advisory services/corporate finance activity including fundraising activity for syndicated tax credits. These services include agreements to provide advisory services to customers for which they charge the customers fees. The Company provides advisory services/corporate finance activity including fundraising activity for syndicated tax credits. Brokerage Fees - consist of tax exempt bond underwritings on a best efforts basis, issued on real estate transcations financed by its related party and is recognized upon sale of the bond issue. Brokerage Fees - consist of tax exempt bond underwritings on a best efforts basis, issued on real estate transcations financed by its related party and is recognized upon sale of the bond issue. ### Concentration of Credit Risk Concentration of Credit Risk The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk for cash. The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk for cash' All of the Company's private placement of investments to accredited investors are of syndicated credits that are 100% generated by CSG. All of the Company's bond underwriting has been on transactions where CMI has been the lender and CMI holds the primary relationship with the sponsor. Therefore, all of the Company's revenues are on transactions where CSG or CMI have generated an underlying transaction. All of the Company's private placement of investments to accredited investors are of syndicated credits that are 100% generated by CSG. All of the Company's bond underwriting has been on transaetions where Ctvll has been the lender and Cltlll holds the primary relationship with the sponsor. Therefore, all of the Company's revenues are on transactions where CSG or ClVll have generated an underlying transaction. ### New Accounting Standards New Accountinq Standards The Company is monitoring and evaluating new accounting standards and will implement all applicable standards as required. The Company is monitoring and evaluating new accounting standards and will implement all applicable standards as required. ## **2. NET CAPITAL REQUIREMENTS** 2. NET CAPITAL REQUIREMENTS The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2023, the Company had net capital of \$1,024,025 which was \$924,995 in excess of its required net capital of \$100,000. The Company's percentage of aggregate indebtedness to net capital was 71.84%. The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31 , 2023, the Company had net capital of \$1 ,024,025 which was \$924,995 in excess of its required net capital of \$100,000. The Company's percentage of aggregate indebtedness to net capital was71.84%. ## **3. RELATED PARTY TRANSACTIONS** 3. RELATED PARTY TRI\NSACTIONS The Company has an expense sharing agreement with CSG, a related party, for operating expenses and management services. All of the Company's revenues for the year ended December 31, 2023 were earned from the sale of financial products developed by CSG. The Company has an expense sharing agreement with CSG, a related party, for operating expenses and management services. All of the Company's revenues for the year ended December 31 ,2023 were earned from the sale of financial products developed by CSG. The amount paid to CSG for management services is \$127,673 for 2023, this is recorded in professional fees on the statement of operations. The amount paid to CSG for management services is \$127,673 for 2O23, this is recorded in professional fees on the statement of operations. The Company was allocated \$42,081 for operating expense costs by CSG in 2023, these expenses are recorded in their respective categories on the Statement of Operations. The Company was allocated \$42,081 for operating expense costs by CSG in 2023, these expenses are recorded in their respective categories on the Statement of Operations. The Company had financing transactions with CSG, reducing the amount due to the Company by \$223,424 with cash repayments and amounts charged to the Company under the Expense Sharing Agreement and for direct payments to vendors on the Company's behalf in 2023. CSG owes the Company \$ 1,071,599 as of December 31, 2023. The Company had financing transactions with CSG, reducing the amount due to the Company by \$223,424 with cash repayments and amounts charged to the Company under the Expense Sharing Agreement and for direct payments to vendors on the Company's behalf in 2023. CSG owes the Company \$1,071,599 as of December 31 ,2023- {13}------------------------------------------------ # **4. COMMITMENTS AND CONTINGENCIES AND LEASES** 4, COMMITMENTS AND CONTINGENCIES AND LEASES The Company entered into a 5 year lease that commenced on February 1. 2022. Rent escalates by 3% each year, on the anniversary date. The Company entered into a 5 year lease that commenced on February 1.2022. Rent escalates by 3% each year, on the anniversary date. | Total Undiscounted lease payments:
Total Undiscounted lease payments: | | | | | | | | |------------------------------------------------------------------------------------|----------------------------------------------|--|--|--|--|--|--| | 30,556 | | | | | | | | | 31,483 | | | | | | | | | 32,426 | | | | | | | | | 2,709 | \$ 97,174
\$ 97,'174 | | | | | | | | ?a27
2027
Less Right of Use Discount
Less Right of Use Discount | | | | | | | | | Total Lease Liability - Operating Lease
Total Lease Liability - Operating Lease | ( 8.775)
( 8,775)
\$ 88,399
l_€8399 | | | | | | | | | 30,556
s1,483
32,426
2,709 | | | | | | | The Company has evaluated commitments and contingencies in accordance with Accounting Standards Codification 450, *Contingencies* ("ASC 450") and Accounting Standards Codification 440, *Commitments* ("ASC 440"). Management has determined that no significant commitments and contingencies exist as of December 3 1, 2023, except lease commitments. The Company has evaluated commitments and contingencies in aecordance with Accounting Standards Codification 45A, Cantingencies C'ASC 450") and Accounting Standards Codification 440, Commitments ('ASC 440"). ftilanagement has determined that no significant commitments and contingencies exist as of Deeember 31, 2023, except lease commitments. ## **5. RELATED PARTY RECEIVABLE** 5. RELATED PARTY RECEIVABLE The Company evaluated the Related Party Receivable and has determined no valuation allowance is necessary. There are no formal payment terms however the Company will pay the Receivable as cash flow allows at no interest. Related Party Receivable at Devcember 3 1 , 2022 was \$1,295,024 The Company evaluated the Related Party Receivable and has determined no valuation allowance is necessary. There are no formal payment terms however the Company will pay the Receivable as cash flow allows at no interest. Related Party Receivable at Devcember 31 ,2422 was \$1,295,024 # **6. SUBSEQUENT EVENTS** 6. SUBSEQUENT EVENTS The Company evaluated subsequent events through February 22, 2024, the date that its financial statements were issued, and determined that there are no material subsequent events requiring adjustment to or disclosure in its financial statements. The Company evaluated subsequent events through February 22,2024, the date that its financial statements were issued, and determined that there are no material subsequent events requiring adjustment to or disclosure in its financial statements. > 9 o {14}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A LltvtrED LIABlLlrY cotMPANY) #### **COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION DECEMBER 31, 2023** COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION DECEMBER 31,2023 | | | I SCHEDULE I | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------| | CAPITAL
CAPITAL | I \$ | 2,116,464 | | Non-allowable assets:
Related Party Receivables
Related Party Receivables
Prepaid expenses
Prepaid expenses | | ( 1,071,599)
(1 ,071
(19,870)
(1e, | | | I\$ | 1,024,995 | | Accounts payable
Accounts payable
Payroll payable
Payroll payable
Lease Liability - Operating Lease (in excess of ROU asset)
Lease Liabili\$ - Operating Lease (in excess of ROU asset) | | 34,560
34,560
699,140
699,140
2,630
2,630 | | Total aggregate indebtedness
Total aggregate indebtedness | I \$ | 736,330 | | Minimum net capital required 6 2/3 % of Aggregate Indebtedness
Minimum net capital required 6 213 % of Aggregate Indebtedness
or \$100,000
or \$100,000 | I \$ | 100,000 | | Excess net capital
Excess net capital | I | 924,995 | | Net capital in excess of the greater of: 10% of aggregate
Net capital in excess of the greater of: 10% of aggregate
indebtedness or 120% of minimum net capital requirement
indebtedness or 12Ao/o of minimum net capital requirement | I | 904,995 | | Percentage of aggregate indebtedness to net capital
Percentage of aggregate indebtedness to net capital | I | 71.84% | | | TOTAL MEMBERS' EQUITY QUALIFIED FOR NET
TOTAL MEMBERS'EQUITY QUALIFIED FOR NET
DEDUCTIONS AND/OR CHARGES
DEDUCTIONS AND/OR CHARGES
Non-allowable assets:
NET CAPITAL
NET CAPITAL
AGGREGATE INDEBTEDNESS
AGGREGATE INDEBTEDNESS
COMPUTATION OF BASIC NET CAPITAL REQUIREMENT
COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | m | There are no material differences in the above capital calculation and the companies calculation of net capital as reflected on the unaudited amended form 17a-5, part IIA. There are no material differences in the above capital calculation and the companies calculation of net capital as reflected on the unaudited amended form 17a-5, Part llA. > 10 10 {15}------------------------------------------------ (A LIMITED LIABILITY COMPANY) (A LtMITED L|ABlllry COMPANY) ### **DECEMBER 31, 2023** DECEMBER 31,2923 ### **SCHEDULE II** SCHEDULE II #### **COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION** COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXGHANGE COMMISSION The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 relying on Footnote 7 4 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. \$240.17a-5 and amendments to 17 C.F.R. \$ 240.17a-5 and 17 C.F.R \$240.15c3-3: (k)(2)(i). The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R' \$240.17a-5 and amendments to 17 C.F.R. \$ 24A17a-5 and 17 C.F.R \$240.1 5c3-3: (kX2Xii). #### **SCHEDULE Ill** SCHEDULE III #### **INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION** INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE {5c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 relying on Footnote 7 4 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. \$240.17a-5 and amendments to 17 C.F.R. \$ 240.17a-5 and 17 C.F.R §240.15c3-3: (k)(2)(ii). The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. \$240.17a-5 and amendments to 17 C.F.R. \$ 240.17a-5 and 17 C-F.R 5240.1 5c3-3: (kxzxii), {16}------------------------------------------------ # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOTJNTING FIRM To Churchill the Members Stateside of To the Members of Churchill Stateside Securities. LLC Securities, LLC **E** We have reviewed management's statements as of December 3 1, 2022, included in the Z accompanying Churchill Stateside Securities, LLC's Annual Exemption Report, in which (D) < Churchill Stateside Securities, LLC identified the following provisions of I7 CF.R. § **15c3-3(k)u** CL under which Churchill Stateside Securities, LLC claimed an exemption from both 17 C.FR. §240.15c3-3: {k)(2)(ii), and Footnote 74 of the SEC Release No. 34-70073 (the "exemption O provisions") as Churchill Stateside Securities, LLC effected securities transactions via U subscriptions on a subscription way basis where the funds are payable to the issuer or its agent st and not to the Company and (2) Churchill Stateside Securities, LLC stated that Churchill Stateside **0** Securities, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. Securities. LLC rnet the identified erernption provisions tbroughout the most recent fiscal vear without exceplion. We havc reviern'ed managcment's statemcnts as of December 31, 2022. included in the accompanlring Churchill Stateside Securities, LLC's Annual Exemption Report. in which (1) Churchill Stateside Securilies, LLC identifled the iollowing provisions of l7 C.F.R. { under 11.hich Churchill Stateside Securities, LLC claimed an exemption fi'oni both l7 C.F.R. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule I5c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15e3-3) throughout the most recent fiscal year without exception. In addition, the Cor-npany did rrot directly or indirectly receive, hold, or otherwise orve flnds or seculities for or to customers" otlrer tlian rnoney or other cousideration received and prornptly transmitred in compliance rn,ith paragraph (a) or (b)(2) of Rule 15c2-4 antl/or fur.rds receivcd and promptiy transmitted lbr efl'ecting transactions via subscriptions on a subscriplion way basis where the funels are payablc to the issucr or its agent and not to thc Company; dicl not carry accounts of or for customers; and did not carry PAB accMtt \*,#d\*{\*\*' #l rde\* dry3 Goldman & Company, CPA's, P.C. Marietta, Georgia February 22, 2024 Goldman & Clulpany. CPA's, P.C Marietta. Georgia February 22"2024 co ffi U / Z 0- E rl q) (r) 3535 Roswell Road · Suite 32 · Marietta, GA 30062 . 770.199.8558 · Fax 770.425.3083 3SgS Rosrvell R\*ad . Suite 32 " hitayietta, CA 3{)C)6) . 77C.,X-99.8554 ' FaX 770.4-25.3S83 {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) ### **EXEMPTION REPORT** EXEMPTION R EPORT ### **YEAR ENDED DECEMBER 31, 2023** YEAR ENDED DECEMBER 31 2023 Churchill Stateside Securities, LLC (the Company) is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R \$240.17a-5. "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R 5240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: Churchill Stateside Securities, LLC (the Company) is a registered broker-dealer subject to Rule 17a-5 promulgated bythe Securities and Exchange Commission (17 C.F.R \$240-17a-S. "Reportsio be made by certain brokers and dealers"). This Exemption Reportwas prepared as required by 17 C.F.R \$240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: 1 . The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. \$ 240.17a-5 and 17 C.F.R \$240.15c3-3: ()(2)(in), and: 1. TheCompanyisfilingthisExemption Report relying onFootnote T4oftheSEC Release No. 34-70}rc adopting amendments to 17 C.F.R. S 240.17a-5 and 17 C.F.R \$240.15c3-3: (kx2xii), and: 2. The Company: (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b )(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. 2. The Company: (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to cusiomers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (bX2) of Rule 15c2-4 and/or funds received and promply transmitted for effecting transactions via subscrlptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and {3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent flscal year without exception' I, Guy Spieler, do hereby affirm that to my best knowledge and belief this Exemption Report is true and correct. l, Guy Spieler, do hereby affirm thatto my best knowledge and belief this Exemption Report is true and correct. G,,"a Sp;d.u President President DATE: **1/26/24** DATE 1t26124 {18}------------------------------------------------ # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPL YING AGREED-UPON PROCEDURES RET'Ofi.T O}'I}-JDEPENDENT REGISTERED PUI]LIC ACCOUNTING F'IRM ON APPLYING AGI{F,ED-UPON PROCEDURE,S To the Members of fo the Meml'rers of Churchill Stateside Securities LLC Churchill Stateside Securities LLC **E** We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act ; of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are Z enumerated below on the accompanying General Assessment Reconciliation (Form SIPC- 7) for the < year ended December 31, 2023. Management of Churchill Stateside Securities, LLC (the Company) CL is responsible for its Form STPC-7 and for its compliance with the applicable instructions on Form�� sic. **/?** We havc perfbrmed the procedures inclucled irr Rule l7a-5(c)(4) under the Securities Exchange Act of 1934 anrl in the Securities lnvestor Protection Corpotation (SfPC) Series 600 Rules, rvhich are enumerat\$d below on the accompanying General Assessment Reconciliation (Forrl SIPC-7) fcrr the year enderl Decenrber 31,2023. Management of Churchill Stateside Securitjes, LLC (the Clonrpany) is responsible ibr its }rom SIPC-7 and fbr its cornpliancc with the applicable jnstructions on Fotm SIPC.7. Management of the Company has agreed to and acknowledged that the procedures performed are appropriate U to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the et applicable instructions on Fonn SIPC-7 for the year ended December 31, 2023. Additionally, SIPC has **0** agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This ,:0 report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The **DD** sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any oilier purpose. The procedures we performed and our associated findings are as follows: Managemelt of thc Company has agleed to and acknowledged that thc pl'ocedurcs performed arc appropr'iatu' to ,-,,"it the intended puryosc of assisting 1,ou and SIPC in evaluating the Company's compliance u,ith the applical.rle inslrucrions on l-onn SIPC-7 lor the year cnded Dccember 31,202i. Additionaliy. SiP('has agreetl to and aoknorvledgecl that the procedutes pcrfbrmed are apptopriate tbr their interrded purpose. This report may not be suitable tbr any other prrrpose. The procedures pertbnned ltlay not address all the itcms ol intcrest to a usel'of this report and may not meet th{] needs of all users o{'this report and, as such. users are responsible fbr deterrnining wlrether the procedut'cs perlbrnred are appropriatc l'or their- llurposcs. 1'he sul'{iciency of these plocedures is solcly the responsibility of lhose palties specifred in this report' Colsequently, we make no representatior-r regardirrg the sufficiency of thc pt'ocedures dcscrilred belorv either lbr the prtrposc for rvhicli lhis report has bccn requestcd or fr:r anY other purllose. The proccdures we perfomred ancl our associated findings are as follorvs: - l) Compared the listed assessment payments in Form SIPC- 7 with respective cash disbursement records entries, noting no differences; I) Compar"ed tlre listed assessment paylnents in For:m SIPC-7 rvith respective cash disbursement records entries, noting no diftbrences: - 2) Compared the Total Revenue amounts reported on the Annual Audited Report Form X-17A-5 Part II for the year ended December 3 1 , 2023 with the Total Revenue amount reported in Form SIPC- 7 for the year ended December 3 1, 2023, noting a trivial difference; 2) Compared the Total Revenue alnounts reported on the Amual Audited Report Form X-17A-5 Part III fbr the ycat endcd l)ecember 31" 2023 with the Total Revenuc anloLlnt reportcd in Fonn SIPCI-? for the year endcd l)eccmber 31, 2023. noting a tnvial difTerence; - 3) Compared any adjustments reported in Form SIPC- 7 with supporting schedules and working papers, noting no differences; 3) Clomparcd any adjustments rcported in Forru SIPC-7 u,ith suppol-ting schedulcs and wor"king papers. noting no differences; - 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and 4) Recalculated the arithmetical acculacy of the calculations reflected in FoTm SIPC-7 arrd intire related sclietiules and working papers supporting the adjustmeltts, noting no differences; and - 5) Compared the amount of any overpayment applied to the current assessment with the Fonn SIPC- 7 on which it was originally computed, noting no differences. 5) Compared the amourt clf any overpaymert appiied to thc current assessment with the Fonn SIPC-7 on which it u'as origirially coniputed, notinc no diffcrences. We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC- 7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 3 1, 2023. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. Wc ra,.ere engergccl by thc (lornpany to perform this agrecd-upon proccdures eflgagclnent and contluctcd our cogagelnetlr in accordance with attestation standards established by thc AI(IPA and in accordanr:e r,vith thc srairdards olthe Public Cornpany Ac:counting Oversight Board (Urrited States). We were not engaged to ard rlid not con{uct an cxamination or a tcvierv engag.mcnt, the objcctive of u'hich would be thc expression of an opinion or concinsion. lcspeclively, or the Cornpany's Forrn SIPC-7 ald lbl its cornpliance t'ith the applicable instructiolts on Forrn SIPC-7 for the ycar ended I)ecembet 31.2023. Accordingly, wc do not exprcss such an opinion or conclusion. Had u'e pertbl'mcd additional procedures, other lllatters rright have come to out attenlion tltat u'ould have bccn reportcd tt't yol-t' We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. We are tecluired ro bc inilependcnt of thc Company and to meet our other ethical responsibilities i:r accordancc with the relevant etirlcal requirements related lo ottr agreed-upon procedures cngagenlcnt. This report is intended solely for the infonnation and use of Churchill Stateside Securities LLC and the SIPC and is not intended to be and should not be used by anyone other than these specified parties. This report is intcnded solely tbr the infblruation and use of Churchill Statesrdc Securities LLC and the SIPC and is not intcnded to bc and should r.rot bc used by anyone other than these specified piulies. *M.*A*r awe* ,\*Fr#-"- - /5-r,r { lJ'. "' c- Goldman & Company, CPA's, P.C. Marietta, Georgia February 22, 2024 Goldman & L-ompany, CPA's. P.C Marietta. Georgia Fetrr-uary 22,2024 3535 Roswell Road · Suite 32· Marietta, GA 30062· 770.499.8558 · Fax 770.425.3683 3ESS Roswf,ll Roa\* " S!-tit\* BZ ' h{arietta. GA Sfiosz " 77}.4gg.as5a " Fax 7?o.+25'3s83 {19}------------------------------------------------ # **GENERAL ASSESSMENT FORM** GENERAL ASSESSMENT FORM For the fiscal year ended 12/31/2023 For the fiscal year ended 1213112A23 | | | Determination of "SIPC NET Operating Revenues" and General Assessment for:
Determination of "SIPC NET Operating Revenues" and General Assessment for:
MEMBER NAME
SEC No.
SEC No.
LIEMBER NATNE
CHURCHILL STATESIDE SECURITIES LLC
8-68652
CHURCHILL STATESIDE SECURITIES LLC
8,68652 | --**-l
I
I
\$
r | |---------|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------| | | | For the fiscal period beginning 11112023 and ending 1213112023
For the fiscal period beginning
1/1/2023
and ending
12/31/2023 | | | ,l
1 | | Total Revenue (FOCUS Report- Statement of Income (Loss)- Code 4030)
Total Revenue (FOCUS Report - Statement of lncome (Loss) - code 4030) | \$6,367,739.00
\$ 6,367,739.00 | | 2
2 | | Additions: | | | | Additions: | a Total revenues from the securities business of subsidiaries (except foreign
a Total revenues from the securities business of subsidiaries (except foreign
subsidiaries) and predecessors not included above.
subsidiaries) and predecessors not included above' | | | | | b Net loss from principal transactions in securities in trading accounts.
b Net loss from principal transactions in securities in trading accounts' | | | | | c Net loss from principal transactions in commodities in trading accounts.
c Net loss from principal transactions in commodities in trading accounts. | | | | | d Interest and dividend expense deducted in determining item 1
d lnterest and dividend expense deducted in determining item 'l | | | | | e Net loss from management of or participation in the underwriting or
e Net loss from management of or participation in the underwriting or
distribution of securities.
distribution of securities. | | | | | f Expenses other than advertising, printing, registration fees and legal fees
f Expenses other than advertising, printing, registration fees and legal fees
deducted in determining net profit management of or participation in
deducted in determining net profit management of or participation in
underwriting or distribution of securities.
undenrvriting or distribution of securities. | | | | | g Net loss from securities in investment accounts.
g Net loss ftom securities in investment accounts. | | | | | h Add lines 2a through 2g. This is your total additions.
h Add lines 2a through 29. This is your total additions. | \$ 0.00
\$ 0.00 | | 3
3 | | Add lines 1 and 2h
Add lines 1 and 2h | \$ 6,367,739.00
\$ 6,367,739.00 | | 4
4 | | Deductions: | | | | | Deductions:
a Revenues from the distribution of shares of a registered open end investment
a Revenues from the distribution of shares of a registered open end investment
company or unit investment trust, from the sale of variable annuities, from the
company or unit investment trust, from the sale of variable annuities, from the
business of insurance, from investment advisory services rendered to
business of insurance, from investment advisory services rendered to
registered investment companies or insurance company separate accounts
registered investment companieS or insurance Company separate accounts
and from transactions in security futures products.
and from transactions in security futures products. | | | | | b Revenues from commodity transactions.
b Revenues from commodity transactions. | | | | | c Commissions, floor brokerage and clearance paid to other SIPC members
c Commissions, floor brokerage and clearance paid to other SIPC members
in connection with securities transactions.
in connection with securities transactions. | | | | | d Reimbursements for postage in connection with proxy solicitations.
d Reimbursements for postage in connection with proxy solicitations. | | | | | e Net gain from securities in investment accounts.
e Net gain from securities in investment accounts. | | | | | f 100% commissions and markups earned from transactions in (I) certificates
f 100% commissions and markups earned from transactions in (l) certificates
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
that mature nine months or less from issuance date.
that mature nine months or less from issuance date. | | | | | g Direct expenses of printing, advertising, and legal fees incurred in connection
g Direct expenses of printing, advertising, and legal fees incurred in connection
with other revenue related to the securities business (revenue defined by
with other revenue related to the securities business (revenue defined by
Section 16(9)(L) of the Act). | | | | | Section 16(9XL) of the Act).
h Other revenue not related either directly or indirectly to the securities business.
h Other revenue not related either directly or indirectly to the securities business.
Deductions in excess of \$100,000 require documentation
Deductions ih excess af \$1OA,0\$) require documentation | | | 5 | | a Total interest and dividend expense (FOCUS Report - Statement
5 a Total interest and dividend expense (FOCUS Report - Statement
of Income (Loss)- Code 4075 plus line 2d above) but
of lncome (Loss) - Gode 4075 plus line 2d above) but
not in excess of total interest and dividend income
not in excess of total interest and dividend income | | | | | b 40% of margin interest earned on customers securities accounts
b 4OY" of margin interest earned on customers securities accounts
(40% of FOCUS Report - Statement of Income (Loss)­
(40Yo of FOCUS Report - Statement of lncome (Loss) -
Code 3960)
Code 3960) | | | | | \$ 0.00
c Enter the greater of line Sa or Sb
\$ o.oo | | | 6 | | c Enter the greater of line 5a or 5b
Add lines 4a through 4h and 5c. This is your total deductions. | \$ 0.00
\$ o.oo | | 6 | | Add lines 4a through 4h and 5c. This is your total deduetions. | | {20}------------------------------------------------ i i # SECURITIES INVESTOR PROTECTION CORPORATION SECURITIES INVESTOR PROTECTION CORPORATI ON ### **GENERALASSESSMENTFORM** GENERAL ASSESSMENT FORM For the fiscal year ended 12/31/2023 For the fiscal year ended 1213112A23 | 7
7 | | Subtract line 6 from line 3. This is your SIPC Net Operating Revenues.
subtract line 6 from line 3. This is your slPC Net Operating Revenues. | | | \$6,367,739.00
\$ 6,367,739.00 | |---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|--------------------------------|-----------------------------------| | I
8 | Multiply line 7 by .0015. This is your General Assessment.
Multiply line 7 by .0015. This is your GeneralAssessment. | | | | \$9,551.00
\$ 9,551.00 | | 9
9 | Current overpayment/credit balance, if any
Cunent overpaymenUcredit balance, if any | | | | \$ 0.00
\$ o.oo | | 10
{0 | | General assessment from last filed 2023 SIPC-6 or 6A
General assessment from last filed 2423 SIPC-6 or 6A | | \$2,997.00
\$ 2,997.00 | | | 11 | b Any other overpayments applied
h Any other overPaYments aPPlied
d Add lines 11a through 11c | a Overpayment(s) applied on all 2023 SIPC-6 and 6A(s)
1l a Overpayment(s) applied anall 2023 SIPC-6 and 6A(s)
c All payments applied for 2023 SIPC-6 and 6A(s)
c All payments applied tor 2A23 SIPC-6 and 6A(s) | \$ 0.00
\$ o.oo
\$ 0.00
\$ o,oo
\$2,997.00
\$ 2,S97.00 | \$2,997.00
\$ 2,997.00 | | | 12 | d Add lines 11a through 11c
LESSER of line 10 or 11d.
12 LESSER of line 10 or 11d'
\$ 9,551.00
13 a Amount from line 8
\$ e,551.00
{3 a Amount from line I
\$ 0.00
b Amount from line 9
b Amountfrom line I
\$ o.o0 | | | | \$2,997.00
\$ 2,997.00 | | | | | | | | | | | | | | | | | c Amount from line 12
c Amount from line 12 | | | \$2 ,997.00
\$ 2,937.00 | | | | d Subtract lines 13b and 13c from 13a. This is your assessment balance due.
d Subtract lines 13b and 13c from 13a. This is your assessment balance due. | | | | \$6,554.00
\$ 6,s54.00 | | 14 | 14 lnterest (see instructions) for 0
Interest (see instructions) for days late at 20% per annum
days late al2}o/o per annum | | | | | | 15
15 | [Amount you owe SIPC. Add lines 13d and 14.
owe SIPG, Add lines 13d and 14. | | | | \$6,554.00]
\$ 6,5s4. | | 16
16 | Overpayment/credit carried forward (if applicable)
OverpaymenUcredit carried forward (if applicable) | | | | | | SEC No.
SEC No.
8-68652 | | Designated Examining Authority
Desig n ated Examining AuthoritY
DEA: FINRA
DEA: FINRA | FYE
FYE
2023
2023 | Month
Itlanth
Dec
Dec | | | 8-68652
MEMBER NAME
ANEMBER NAI\1E
MAILING ADDRESS
l\tAlLlNG ADDRESS
i | | CHURCHILL STATESIDE SECURITIES LLC
CHURCHILL STATESIDE SECURITIES LLC
6250 SHILOH ROAD STE 235
6250 SHILOH ROAD STE 235
ALPHARETTA, GA 30005
ALPHARETTA, GA 3OOO5
UNITED STATES
UNITED STATES | | | | Subsidiaries (S) and predecessors (P) included in the form (give name and SEC number) Subsidiaries (S) and predecessors (P) included in the form (give name and SEC number) > By checking this box, you certify that you have the authority of the SIPC member to sign this form; that all information in this form is true and complete; and that on behalf of the SIPC member, you are authorized, and do hereby consent, to the storage and handling by SIPC of the data in accordance with SIPC's Privacy Policy r' By checking this box, you certify that you have the authority of the SIPC member to sign this form; that all information in this form is true and complete; and that on behalf of the SIPC member, you are authorized, and do hereby consent, to the storage and handling by SIPC of the data in accordance with SIPC's Privacy Policy | CHURCHILL STATESIDE SECURITIES LLC | David G. Carr | | |------------------------------------|----------------------------|--| | CHURCHILL STATESIDE SECURITIES LLC | David G- Carr | | | (Name of SIPC Member) | (Authorized Signatory) | | | (Name of SIPC Member) | (Authorized Signatory) | | | 2/5/2024 | dcarr@cssecurities.com | | | 21512024 | d ca rr@csseeu rities. com | | | (Date) | (e-mail address) | | | (Date) | (e-mailaddress) | | Completion of the "Authorized Signatory" line will be deemed a signature. Completion of the "Authorized Signatory" line will be deemed a signature. *This form and the* **assessment** *payment are due 60 days after the end of the fiscal year.* This form and the assessrnenf payment are due 60 days after the end of the fiscal year. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.