Charity Registration Number 1095667
ZION CHRISTIAN CHURCH
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
ZION CHRISTIAN CHURCH
CONTENTS
31 DECEMBER 2021
| Page | |
|---|---|
| Trustees’ Report | 1 – 2 |
| Independent Examiner's Report | 3 |
| Statement of financial activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 – 9 |
ZION CHRISTIAN CHURCH
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
| Charity Name: | Zion Christian Church |
|---|---|
| Registered Charity: | No: 1095667 |
| Principal Address: | Wellness Centre |
| Great Park Street | |
| Wellingborough | |
| Northamptonshire | |
| NN8 4PH | |
| Trustees: | There are currently six trustees who are appointed as and when necessary |
| Mr. Misheck Mambodza (Chairman) | |
| Mr. Sanctions Mutendi | |
| Ms. Zorodzai Dzinotyiwei | |
| Mr. John Mabhegede | |
| Mr. Bigbrain Mutendi | |
| Mr. Sydney Shoko | |
| Bankers: | Barclays Bank plc |
| Nationwide Building Society | |
| Independent Examiner: | C. Ndoro, FCCA, ACIS, MBL (unisa) |
| Globalco Services Limited | |
| 65 Bicknoller Road | |
| Enfield | |
| EN1 3NW | |
| Foundation: | The UK Branch of the Church was formed in January 1993 as a branch of the |
| Main Church which was founded in Zimbabwe. The Church is run by the | |
| members in accordance with its own constitution and rules. | |
| Principal Activities: | The principal activities of the Charity continued to be those of promoting the |
| objects which are as follows: | |
| 1. To organise the Church for the spreading of the word of God and the Gospel of | |
| Jesus Christ on Earth, | |
| 2. to proclaim the Gospel of Salvation, Baptize and Heal the sick, and | |
| 3. to prepare people for the rapidly changing world enabling them to improve | |
| their socio-economic situation by utilising resources within their reach | |
| To date the Charity has financed various poverty reduction and development | |
| projects in Southern Africa including HIV outreach, buildings roads and | |
| transport, water conservation projects, vegetable and poultry projects, schools, | |
| churches and conference centres and pre-school feeding schemes. | |
| Review of Activities: | The total income for the year was £582,864 (2020: £494,096). The total |
| expenditure was £634,316 (2020: £370,134) giving net outgoing resources of | |
| £52,952 (2020 incoming:- £123,962). | |
| Summary of Activities: | The Church holds regular services in various towns in the UK and supports |
| various charitable activities in the UK and overseas. |
1
ZION CHRISTIAN CHURCH
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees' responsibilities:
The Trustees are required to prepare accounts for each year which give a true and fair view of the Church and the surplus or deficit for that period.
In preparing the accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently
-
make judgements and estimates that are reasonable and prudent
-
prepare the accounts on a going concern basis unless it is inappropriate to presume that the Church will continue in operation.
-
ensure that the accounts comply with the Charities Act 2011
-
safeguard the assets of the Church and hence taking steps for the prevention and detection of fraud and other irregularities.
Investment policies:
Under the Trust deed, the Charity has the power to make any investments as the Trustees see fit.
Reserves policy:
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives.
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.
Approved on behalf of the Trustees
Z Dzinotyiwei 31 October 2022
2
ZION CHRISTIAN CHURCH
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
I report on the accounts of the Church for the year ended 31 December 2021 which are set out on pages 4 to 10.
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 (2) of the Charities Act 2011 (the 2011 Act)} and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 145) of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5)(b) of the 2011 Act:
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's qualified statement
In connection with my examination, no matters have 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 2011 Act; and
-
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of accounts to be reached for the year ended 31 December 2021.
--------------------------------------------C. Ndoro, FCCA, ACIS, MBL (unisa) Date: 31st day of October 2022 Globalco Services Limited 65 Bicknoller Road Enfield EN1 3NW
3
ZION CHRISTIAN CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Incoming Resources Voluntary income 2 Investment income 3 Welfare and Miscellaneous 4 Rental income 5 Total Income Resources Expended Church expenses 6 Evangelism & Outreach events 7 Staff costs 8 Charitable activities 9 International Projects Donations and educational support Governance Governance costs 10 Total resources expended Net outgoing resources Total funds brought forward Funds carried forward 31.12.2021 |
Unrestricted £ 580,320 - - 2,544 582,864 88,590 86,497 33,111 298,592 102,687 26,338 635,315 (52,951) 420,960 368,009 |
Restricted £ - - - - - - - - - - - - - - - |
2021 Total £ 580,320 - - 2,544 582,864 88,590 86,497 33,111 298,592 102,687 26,338 635,315 (52,951) 420,960 368,009 |
2020 Unrestricted £ 465,998 39 25,515 2,544 |
|---|---|---|---|---|
| 494,096 | ||||
| 55,536 - 40,907 178,705 65,164 29.822 |
||||
| 370,134 123,962 296,996 |
||||
| 420,960 |
4
ZION CHRISTIAN CHURCH
BALANCE SHEET AS AT 31 DECEMBER 2021
| Notes Fixed Assets Tangible fixed assets 11 Current Assets Cash in hand and at bank 12 Current Liabilities Creditors-amounts falling due within one year 13 Net Current Assets Total Assets less current Liabilities Funds Unrestricted & Restricted 14 Total funds |
Unrestricted £ 161,580 219,988 381,568 (13,559) 206,429 368,009 368,009 368,009 |
Restricted £ - - - - - - |
2021 Total £ 161,580 219,988 381,568 (13,559) 206,429 368,009 368,009 368,009 |
2020 Total £ 161,580 272,346 |
|---|---|---|---|---|
| 433,926 (12,968) |
||||
| 132,763 420,960 |
||||
| 420,960 | ||||
| 420,960 |
Signed on behalf of the Trustees on the 31st day of October 2022
5
ZION CHRISTIAN CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting Policies
1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, “Accounting and Reporting by Charities”, preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland(FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
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.
1.2 Incoming resources
All incoming resources are reflected in the accounts when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1.3 Resources expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent to the use of the resource.
1.4 Fund accounting
1.4.1 Unrestricted Funds:
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the organisation. The fund comprises the accumulated surpluses and deficits of unrestricted income and expenditure.
1.4.2 Restricted Funds
These funds are where the donor has specified a purpose for the donation made.
1.5 Fixed assets
The freehold premises at Great Park Street are shown at the original cost. Fixed assets are accounted for at their original cost. Assets that have a useful life of less than one year and costing less than £1,000 are not capitalised.
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-
| Freehold land and buildings Furniture, fixtures and fittings Computer and telecommunications 2. Voluntary income Donations, tithes, gifts, contributions |
Nil 25% straight line 25% straight line Unrestricted Restricted £ £ 580,320 - |
2021 £ 580,320 |
2020 £ |
|---|---|---|---|
| 465,998 |
6
ZION CHRISTIAN CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 3. Investment Income Unrestricted £ Bank interest - 4. Events Unrestricted £ Events income - 5. Rental Income Unrestricted £ Rent received 2,544 6. Church activities – Evangelism and Outreach Unrestricted £ Community Support , office administration and general expenses 63,310 Buildings repairs and maintenance 17,424 Utilities – gas electricity, Water, TV 7,856 Total Church activity expenses 88,590 7. Evangelism and Outreach Unrestricted £ Evangelism and outreach 86,497 Total Church activity expenses 86,487 8. Staff Costs Unrestricted £ Wages and salaries and social security 31,509 Social security 1,602 Total 33,111 |
Restricted £ - Restricted £ - Restricted £ - Restricted £ - - - Restricted £ - Restricted £ - - |
2021 £ - 2021 £ - 2021 £ 2,544 2021 £ 63,310 17,424 7,856 88,590 2021 £ 86,497 86,497 2021 £ 31,509 1,602 33,111 |
2020 £ 39 2020 £ |
|---|---|---|---|
| - | |||
| 2020 £ |
|||
| 2,544 | |||
| 2020 £ 46,187 551 8,798 - |
|||
| 55,536 | |||
| 2020 £ - - |
|||
| - | |||
| 2020 £ 38,953 1,954 |
|||
| 40,907 |
7
ZION CHRISTIAN CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
9. Charitable Expenditure
| Higher Education support Overseas Expenditure International projects Other outreach projects Total charitable activities 10. Governance Expenses Accounting and professional fees Bank charges Depreciation Insurance Trustee and administration expenses Total 11. Fixed Assets Cost At 1 January 2021 Additions Disposals At 31 December 2021 |
Unrestricted £ 102,687 298,592 - 401,279 Unrestricted £ 1,500 - - 838 24,000 26,338 Land and Buildings £ 161,580 - - 161,580 |
Unrestricted £ 102,687 298,592 - 401,279 Unrestricted £ 1,500 - - 838 24,000 26,338 Land and Buildings £ 161,580 - - 161,580 |
Restricted £ - - - - Restricted £ - - - - - - Furniture, fixtures & fittings £ 34,373 - - 34,373 |
Restricted £ - - - - Restricted £ - - - - - - Furniture, fixtures & fittings £ 34,373 - - 34,373 |
Total 2021 £ 102,687 298,592 - 401,279 Total 2021 £ 1,500 - - 838 24,000 26,338 Computer &telecoms equipment £ 6,359 - - |
2020 £ 44,819 178,705 20,345 243,869 2020 £ 1,200 1,003 2,655 964 24,000 29,822 Total £ 202,312 - - |
||
|---|---|---|---|---|---|---|---|---|
| 6,369 | 202,312 | |||||||
| Depreciation | ||||||||
| At 1 January 2021 | - | (34,373) | (6,359) | (40,732) | ||||
| Charge for the year | - | - | - | - | ||||
| 31 December 2021 | - | (34,373) | (6,359) | (40,732) | ||||
| Net book value At 31 December 2021 At 1 January 2021 |
161,580 161,580 |
161,580 | ||||||
| 161,580 |
8
ZION CHRISTIAN CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
12. Cash at Bank
| Nationwide Building Society West Bromwich Barclays Bank Total 13. Creditors Accruals and other 14. Funds Brought Forward 2020 Net Incoming Resources 2021 General Fund Capital Fund Total Funds 31.12.2021 |
Unrestricted £ 52,977 110,284 56,727 219,988 Unrestricted £ 420,960 (52,951) - 368,009 |
Restricted £ - **- ** |
2021 £ 52,977 110,284 56,727 219,988 2021 £ (13,559) 2021 £ 281,097 15,901 - 368,009 |
2020 £ 52,977 50,281 169,087 |
||||
|---|---|---|---|---|---|---|---|---|
| **- ** | 272,345 | |||||||
| Restricted £ - - - **- ** |
2020 £ |
|||||||
| (12,966) | ||||||||
| 2020 £ 269,998 123,962 - |
||||||||
| 420,960 |
15. Trustees
None of the trustees (or any person connected with them) received any remuneration during the year. No payments were made to Trustees during the year for expenses, however this does not include reimbursement for the expenses where the trustees were acting on the Church’s behalf.
16. Employees
The total number of employees during the year were three
17. Volunteers
The average number of volunteers during the year was 30.
9