OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

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

2023-12-31-accounts

MountJon Chur¢hAnnual Rqportfot y¥rwdlng 31 LIeGe￿bEr 2023 1. R•f•rnnc• •rnaAÉkninistrative DqtaSl%of the Charfty. hs TtU5toBs andAdvlsArs 1.1 Thècharity rrtount￿n Chut¢h has been $irtce 199$. Thpgovetning docuM8Tht of the ¢huT¢ 1$ ihB ChuTch Cong￿l￿tIOn. èsad(W on 2V D8c8rnbgf 2021. Th8 t(ugtw$ of Mountzion Churth arlh• men)betsol ts Lead8rthpTèam. T(WhErtheL8ad8r&h¥ Team are ￿sPOnSIb￿f￿r th2 5wrrtualdir8¢tyon of ihe cnuith. wothip and prnyw. disupthhipan¢ outreach. aSwÈllasthe slalLrtLYy obYgèth)n ol ove￿Eelng th8 ajmlnlstiauon ofthp Church aschartytru$tee¥ TN5te88?131 L?¢￿N￿rZO23w￿r@. M.Altsl&bi officpj O. Oyuffldiran Treasur8r Aioyund Th• Charikn&sAct2011 reouir•slhe Le￿￿s￿lpTearn. asthe ultheChur¢h, t0p￿￿re finanoal foieath financial yearwhichgwa st￿93nd fair¥￿ Llthe Churth'sfinanuAI a￿￿￿5&urIngl￿e yeatènd ￿51110n glt ofthe year. In pTEpant¥J th8 financial statfmBnts thè L￿er$h￿Ts[￿YIll fol1r￿be$tp18ca￿y3￿d. 581g¢t Suitab￿ a¢o)untWU PDlIC￿sand applytnem consientty .rnakeiudgementS aTEd estimatsslhot8lE TEayonabb and prudert . lollw applicable￿￿0ll￿￿￿9 Sta￿arf$ and thp Chamies SORP(Stat9￿￿￿ofRee0mmeThd￿ p￿￿e). d￿ng And explaining any dEpartutgs ID the flnantsai stat￿￿￿t5. "prep&rethe hnanyal statempnis on going ¢•￿M ba￿5 unloES it B lTrapwopnètEto as5um&Ihatth•Chufth￿ll ¢ontIn￿ In QPEration. The Lead8rshipTeam IS ￿$pD￿5b￿fof e¢ping a¢￿￿￿tIng ￿cOrdS thotart $uch as1od￿se. ￿#¥0￿￿bIesCc￿iaCy, Ihe fin8rt¢ial PDSrtion ofthè Churth atany and toen8bÈ thBm aBltust89s ioensurethat thE financial $tateWents¢omplyM￿h chaNIy Thfr L&al&rsnipTEam Is atso resFN)n$iblefarsaf8guardiDg thechurth's as6015 tn¢èfQrts￿￿9 r•asonabh 9tep$forth preV&Trt￿)n and deteLtion of tratsd 8ThJ other Itt4ulariis. 2. StruGiur&, GDv•rnan¢•4nd Manag•rn•nt The 3•POintrne￿ of Lead8rshlpTem Is as d¢Khbed Chuich ConrtuiiOTr. The LEadership Tgam ts￿m n￿ni￿at￿n$ iothe Churth and appuintrnent i4madé follow￿rtY an Thgre 16 g pr¢cdureforth• Introdvction ol new t￿Ste2¥ VFa a simple In-hDU5e InduUiDn Tru$iees aTèencouragÉd to lead Q(¢Jments thaEhav8 been published iegaidin chamy govemance All potent￿1 tru5tEe5 ale mad8 aware of Ihe Charity ComM￿￿n onlh8 rob and ￿spOnsi￿1rtI8S Dflius1g•ship AtthE timE whgntheyart &gkEdtO￿￿5thr Star￿lAS IoFelBcbDll 3. Ot4ecdve$ Mountzion ￿ c(Knmthd t¢ enabling asrnany pgople as Possibletowotshy atQufthU￿ and part of4urLTnmunty Ourstrvts5 andwaTrhip pulfarth into Wadi￿ ihrough ptsyèrAnd￿pwre. ITO advafflcethe Chri3tian Relig￿ll iffl acco￿&￿￿ I￿1h the Chur¢h conituhun In UK aro otherpans o1thèWa￿ a8th Le4dÈn%hipT@amrnfromttnB totirn8lhink fft. and to fuffil such rthgr ¢hantèbk puwgs are edu$piFtychatitabl o¢CO￿l￿g to th8 law ofEn9bnd a[￿ Wales and arg ¢Otsnected wrth th&charrtab￿Wot￿ ofthechuich. bl To person$who a￿ in wNdibrJns Of wed oi nAid$hip orwho?ie aged or$Kand to ihe distrt$8ed in Unit8d Kingdom orthB as Ihe Lea¢krshipT8am thirth fft. Publlc BÈT￿fft,Achknm¢nls P8rforrnJnGo Wne( it is IEkv5nt. th8Tnisiees take iNio account guioantÈof thB Charity Commi5310Tr on PUbl￿E￿nefit. ￿ prowde public beneftprin￿pa1ty In thè provts￿￿ ola P1a￿￿ofwO[Sh￿. WularSerw￿open to ellrnetnbers of th8 P￿￿1¢ 8eek to contribth8 to the mDial and spirNvaieduraI￿n of children and young people andtoengagpwth and promm se¥-WOrth inth05ewho have Suffered 5walaxclu$ion Many more peop￿￿ere ab￿ t¢iOin onlingviazoom. The CenEral Fund has seen Increas8 In filhes and Offerings Incwnè c¢mpaied to 2022.ToialexpertdrtuTpduring theyear vras£20,336 Compared to £21,975 in 2022. Th8 total finatscial vslueofth&Chuich has incre8yed 10£57,334 up fvom t38.720 fjouffltZL¢n CNurth conbnueslo be dependent laro8ty on the generoslty of its membersfoi rts ￿orne ThèTiusteèsthereta(E manag8 thg rn3ln financial nskthat In¢thxe ts not guarallleed.The th8nty i8b8kwth•auditthtssho￿ hEn(xltsy have p￿paTed a simpl• anDuSI tepDrt. s￿[￿Ed on ￿￿h￿￿Oth￿TI￿s 0.0gundiran

MOUNTZION CHURCH 1097152

Page 1

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

RECEIPTS AND PAYMENTS ACCOUNT

Unrestricted
Note
Funds £
RECEIPTS
Offerings
38,960
Fund raising and donations
0
0
Gift Aid tax repayments
0
Legacies
0
Property - manse lettings
0
0
Bank interest & investment income
0
Total receipts
38,960
PAYMENTS
Ministry & Mission Fund
1
16,800
Ministry/Group expenses
0
HMRC
2,227
Church running costs
1,240
Programme activity costs
0
Other
69
Total payments
20,336
NET RECEIPTS / (PAYMENTS)
18,624
TRANSFERS between funds
0
0
18,624
STATEMENT OF ASSETS AND LIABILITIES
Monetary assets
Cash
4,140
Bank current account
53,127
Deposit accounts
0
Total monetary assets
57,267
Other assets
Gift Aid recoverable
0
Other monies due to church
0
Assets used for church purposes
Church contents
Liabilities
Loans outstanding
0
30.09.24
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
Ogundiran		 This Year
2023
Total £
38,960
0
0
0
0
0
0
0
38,960
16,800
0
2,227
1,205
0
69
20,301
18,659
0
0
18,659
4,140
53,127
0
57,267
0
0
0		 Last Year
2022
Total £
36,726
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

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

MOUNTZION CHURCH

Page 2

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

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 2023

NOTES - continued

PROGRAMME ACTIVITY COSTS
Childrens' activities
Adult discipleship courses
Outreach
Church weekend
Total programme activity costs
SUPPORT OF OUTSIDE CAUSES
Commitment for Life
Subscriptions [list as appropriate]
Donations from general fund
[list as appropriate]
Total support of outside causes
MAINTENANCE OF CHURCH BUILDINGS
Other property repairs
Purchase of equipment
Total maintenance of church buildings
MAINTENANCE OF MANSE
Exterior repairs
Manse improvements
Total maintenance of manse		 Unrestricted
Funds £
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		 Restricted
Funds £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 This Year
2023
Total £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Last Year
2022
Total £
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0 0 0 0

INOEPE14DEiifEXAMINEWS REPORTONTHE ACc￿lI7$0F MOUNTZION IJIURCH Report to thetrusteesl Nmbersof Mountsion ChurthontheaccountsfvftsVeare￿d 31 cCem￿rI023. I reportto the trusreeson myexamlnaiion ofthe accountsolthE above charityfortheyearended 31 DÈ£ember 2023. R5POrtthHbtles aNI bathof Rep Asthe chariV5 trustees, you a￿ responslbleforthe prepardtvjn of accounts atCOrdar￿e￿th the requiremelts ofthe Charftle5Act 2011. I reportln respect of my ex0minat￿n of thetru￿5 ac￿￿nts£alr1edQut under 145ofthe 2011 Act and in £arryirvdOUt myexami￿ti0n, I hève frjllowed allthe applicabk DIrectk)nsB￿en by the Charfty Commission Under5ett￿Th 14515llbl of theP£L I ha¥e£ompleted myexaminatkjth. I confim that no mateiial matters havecome to myattention in conneL1ion wtththe eyaM1nth￿. &8ned'. Dète.. 2yio12Q14 Name: Dr. Bab3 Habu On Hatxj & CO. cert￿edACcO￿ntsnts Professlon31 quèlrfKation5.' FCPA FA HABU & CO CERnFIEDAGCOUfvTANr& 10 Camdtn Hous# Grov¢ Street London SE8 3LZ