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 ar*lh• 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￿T*s[￿YIll fol1r￿be$tp18ca￿y3￿d. 581g¢t Suitab￿ a¢o)untWU PDlIC￿sand applytnem consi*entty .rnakeiudgementS aTEd estimatsslhot8lE TEayonabb and prudert . lollw applicable￿￿0ll￿￿￿9 Sta￿arf$ 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 t*n¢èfQrts￿￿9 r•asonabh 9tep$forth preV&Trt￿)n and deteLtion of tratsd 8ThJ other Itt4ularii*s. 2. StruGiur&, GDv•rnan¢•4nd Manag•rn•nt The 3•POintrne￿ of Lead8rshlpTe*m Is as d¢Khbed Chuich Con*rtuiiOTr. The LEadership Tgam ts￿m n￿ni￿at￿n$ iothe Churth and appuintrnent i4madé follow￿rtY an Thgre 16 g pr¢c*dureforth• 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 of4urL*Tnmunty Ourstrvts5 andwaTrhip pulfarth into Wadi￿ ihrough ptsyèrAnd￿pwre. ITO advafflcethe Chri3tian Relig￿ll iffl acco￿&￿￿ I￿1h the Chur¢h con*ituhun In UK aro otherpans o1thèWa￿ a8th Le4dÈn%hipT@amrn*fromttnB totirn8lhink fft. and to fuffil such rthgr ¢hantèbk puwgs are e*du$piFtychatitabl o¢CO￿l￿g to th8 law ofEn9bnd a[￿ Wales and arg ¢Otsnected wrth th&charrtab￿Wot￿ ofthechuich. bl To person$who a￿ in wNdibrJns Of wed oi nAid$hip orwho?ie aged or$K*and 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￿￿O*th￿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/fwd**1 January
**CASH FUNDS c/fwd**31 December
**APPROVED by the Trustees**on|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** - **1** Ministry & mission cost includes salary costs of Priest comprising salary , NIC & pension costs |**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 N*mbersof Mountsion Churthontheaccountsfvfts*Veare￿d 31 c*Cem￿rI023. I reportto the trusreeson myexamlnaiion ofthe accountsolthE above charityfortheyearended 31 DÈ£ember 2023. R*5POrtthHbtles 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