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← Cherubim And Seraphim Church Mount Zion Willesden (Eternal Sacred Order)

2022-12-31-accounts

MOUNTZION CHURCH 1097152

Page 1

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

RECEIPTS AND PAYMENTS ACCOUNT

Unrestricted
Note
Funds £
RECEIPTS
Offerings
36,726
Fund raising and donations
0
0
Gift Aid tax repayments
0
Legacies
0
Property - manse lettings
0
0
Grants received
0
Loans received
0
Bank interest & investment income
0
Total receipts
36,726
PAYMENTS
Ministry & Mission Fund
1
20,638
Ministry/Group expenses
0
0
Church running costs
1,268
Programme activity costs
0
Other
69
Total payments
21,975
NET RECEIPTS / (PAYMENTS)
14,751
TRANSFERS between funds
0
0
14,751
STATEMENT OF ASSETS AND LIABILITIES
Monetary assets
Cash
1,149
Bank current account
37,571
Deposit accounts
0
Total monetary assets
38,720
Other assets
Gift Aid recoverable
0
Other monies due to church
0
Assets used for church purposes
Church contents
Liabilities
Loans outstanding
0
Significant creditors
0
30.09.23
by O.Ogundiran (name)
CASH FUNDS b/fwd1 January
CASH FUNDS c/fwd31 December
APPROVED by the Trusteeson		 Designated
Restricted
Funds £
Funds £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Ogundiran		 This Year
2022
Total £
36,726
0
0
0
0
0
0
0
0
0
36,726
20,638
0
0
1,268
0
69
21,975
14,751
0
0
14,751
1,149
37,571
0
38,720
0
0
0
0		 Last Year
2021
Total £
31,658
0
0
0
0
0
0
0
0
0
31,658
16,893
0
0
0
0
0
16,893
14,765
0
0
14,765
0
23,969
0
23,969
0
0
0
0

The notes on pages 2 and 3 form part of this financial statement

MOUNTZION CHURCH

Page 2

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

NOTES

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Charities Act 1993 Section 42(3), using the Receipts and Payments basis available to small charities.

2 FUND ACCOUNTING

Unrestricted Funds may be used by the church for any of its ordinary purposes.

Designated Funds represent unrestricted funds set aside by the church for specific designated purposes; they can be transferred back into general funds at the church's decision.

Restricted Funds represent income which may be expended only on those restricted objects provided in the terms of a trust or bequest, or donations or grants received or invited for a specific purpose. These funds can only be spent on the specific purpose for which they were given. Any balance remaining unspent must be carried forward as a balance on that fund for future expenditure on that specific purpose, or returned; it cannot be absorbed into general funds.

MOUNTZION CHURCH

Page 3

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

NOTES - continued

PROGRAMME ACTIVITY COSTS
Childrens' activities
Youth activities
Adult discipleship courses
Outreach
Church weekend
Total programme activity costs
SUPPORT OF OUTSIDE CAUSES
Commitment for Life
Other [list as appropriate]
Subscriptions [list as appropriate]
Donations from general fund
[list as appropriate]
Total support of outside causes
MAINTENANCE OF CHURCH BUILDINGS
Electrical repairs
Plumbing repairs
Other property repairs
Purchase of equipment
Total maintenance of church buildings
MAINTENANCE OF MANSE
Exterior repairs
Manse improvements		 Unrestricted
Funds £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Designated
Funds £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Restricted
Funds £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 This Year
2022
Total £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Last Year
2021
Total £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Total maintenance of manse

MOUNTZION CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

Page 4

TREASURER'S STATEMENT

I have prepared the financial statements on pages 1 to 3 for the year ended 31 December 2022 from the accounting records of the church.

W.Arogundade .....

01.09.23

INDEPENDENT EXAMINER'S REPORT

I report on the financial statements of MOUNTZION CHURCH for the year ended 31 December 2022, which are set out on pages 1 to 3.

Basis of Independent Examiner's report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charitis Act 2011

I report in respect of my examination of the trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's statement

I have completed my examination, I confirm that no material matters have come to my attention inconnection with the examinbation.

Signed by the Independent Examiner: Habu Baba date: 28.09.23

Name and address of the Independent Examiner: Habu & Co Certified Accountants 10 Camden House Grove Street London SE8 3L:Z