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2023-12-31-accounts

Charity Registration Number 1095667

ZION CHRISTIAN CHURCH

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

ZION CHRISTIAN CHURCH

CONTENTS

31 DECEMBER 2023

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 2023

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)
37 Nightingale Court
Peterborough
PE4 7FH
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 £717,795 (2022: £562,465). The total
expenditure was £689,968 (2022: £603,216 giving net incoming resources of
£27,827 (2022 outgoing:- £40,751).
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 2023

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:

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 Trustee 31 October 2024

2

ZION CHRISTIAN CHURCH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

I report on the accounts of the Church for the year ended 31 December 2023 which are set out on pages 4 to 9.

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:

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:

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 2023.

C. Ndoro, FCCA, ACIS, MBL (unisa)

Date: 31st day of October 2024

3

ZION CHRISTIAN CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

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 incoming
(outgoing) resources
Total funds brought
forward
Funds carried
forward 31.12.2023		 Unrestricted
£
714.714
537
-
2,544
717,795
82,446
48,266
51,126
341,016
113,846
53,268

689,968
27,827
327,257

355,084		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total

£
714.714
537
-
2,544
717,795
82,446
48,266
51,126
341,016
113,846
53,268
689,968
27,827
327,257
355,084		 2022
Unrestricted
£
559,823
98
-
2,544
562,465
77.617
35,870
44,177
349,030
66,245
30,277
603,216
(40,751)
368,008
327,257

4

ZION CHRISTIAN CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2023

2023 2022
Unrestricted Unrestricted
Restricted		 Total Total
Notes £ £ £ £
Fixed Assets
Tangible fixed assets 11 193,154 - 193,154 166,325
Current Assets
Cash in hand and at bank 12 175,585 - 175,585 175,170
Debtors 4,510 4,510 -
180,095 - 180,095 175,170
Current Liabilities
Creditors-amounts falling
due within one year 13 (18,165) (18,165) (14,248)
Net Current Assets 161,930 - 161,930 160,932
Total Assets less current
Liabilities 355,084 - 355,084 327,257
Funds
Unrestricted & Restricted 14 355,084 355,084 327,257
Total funds 355,084 - 355,084 327,257

Signed on behalf of the Trustees on the 31st day of October 2024

Z. Dzinotyiwei

Trustee

5

ZION CHRISTIAN CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2023

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:-

useful life:-
Freehold land and buildings Nil
Furniture, fixtures and fittings 25% straight line
Computer and telecommunications 25% straight line

2. Voluntary income

Donations, tithes, gifts, contributions Unrestricted
£
717,795		 Restricted
£
-		 2023
£
717,795		 2022
£
562,465

6

ZION CHRISTIAN CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

3.
Investment Income
Unrestricted
£
Bank interest
537
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
72,215
Buildings repairs and maintenance
3,863
Utilities – gas electricity, Water, TV
6,368
Total Church activity expenses
82,446
7.
Evangelism and Outreach
Unrestricted
£
Evangelism and outreach
48,266
Total Church activity expenses
48,266
8.
Staff Costs
Unrestricted
£
Wages and salaries and social security
48,235
Social security
2,891
Total
51,126		 Restricted
£
-
Restricted
£
-
Restricted
£
-
Restricted
£
-
-
-


Restricted
£
-


Restricted
£
-

-		 2023
£
537
2023
£
-
2023
£
2,544
2023
£
72,215
3,863
6,368

82,446
2023
£
48,266

48,266
2023
£
48,235
2,891
**51,126 **		 2022
£
98
2022
£
-
2022
£
2,544
2022
£
66,482
3,250
7,885
77,617
2022
£
35,870
35,870
2022
£
42,012
2,165
44,177

7

ZION CHRISTIAN CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

9.
Charitable Expenditure
Donations and Higher Education support
Overseas Expenditure
International projects and 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 2023
Additions
Disposals
At 31 December 2023		 Unrestricted
£
113,846
341,016
454,862
Unrestricted
£
3,000
-
10,524
1,104
38,640
53,268
Land and
Buildings
£
161,580
-
-
161,580		 Unrestricted
£
113,846
341,016
454,862
Unrestricted
£
3,000
-
10,524
1,104
38,640
53,268
Land and
Buildings
£
161,580
-
-
161,580
Restricted
£

-

-


-
Restricted
£
-
-
-
-
-
-
Furniture,
fixtures &
fittings

£

36,173
35,000

**71,173 **		 Restricted
£

-

-


-
Restricted
£
-
-
-
-
-
-
Furniture,
fixtures &
fittings

£

36,173
35,000

**71,173 **		 Total
2023
£

113,846

341,016


454,862
Total
2023
£
3,000
-
10,524
1,104
38,640

53,268
Computer
&telecoms
equipment
£
10,884
2,353
2022
£
66,245
349,030
415,275
2022
£
2,000
63
1,581
1,033
25,600
30,277
Total
£
208,637
37,353
**13,237 ** 245,990
Depreciation
At 1 January 2023 - (34,823) (7,490) (42,313)
Charge for the year - (9,088) (1,435) (10,523)
31 December 2022 - (43,911) (8,925) (52,836)
Net book value
At 31 December 2023
At 1 January 2023		 161,580
161,580
27,262

1,350		 4,312 193,154
3,394 166,324

8

ZION CHRISTIAN CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

12.
Cash at Bank
Nationwide Building Society
West Bromwich
Barclays Bank
Other
Total
13.
Creditors
Accounting fees
Accruals and other
14.
Funds
Brought Forward 2022
Net Incoming Resources 2023
General Fund
Capital Fund
Total Funds 31.12.2022		 Unrestricted
£
-
127331
48,254
-
175,585
Unrestricted
£
327,257
27,827
-
355,084		 Restricted
£
-
-		 2023
£
-
127331
48,254
-
175,585
2023
£
5,000
13,165
18,165
2023
£
327,257

27,827
-
355,084
2022
£
-
126,793
46,353
2,034
- 175,180
Restricted
£
-

-
-
**- **		 2022
£
2,000
12,248
14,248
2022
£
368,008
(40,751)
-
327,257

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 (2022 three)

17. Volunteers

The average number of volunteers during the year was 60.

9