REGISTERED COMPANY NUMBER: 06041528 (England and Wales)
REGISTERED CHARITY NUMBER: 1120468
## REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
Deans Chartered Accountants Gibson House Hurricane Court Hurricane Close Stafford ST16 1GZ
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
**----- Start of picture text -----**
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
aa eee
Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 22
**----- End of picture text -----**
{aee
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Page 1
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
## OBJECTIVES AND ACTIVITIES
## Objectives and aims
The objectives of the charity as stated in our Model Memorandum document are for the benefit of the public:
a. Advancement of the Christian Faith by the Statement in such ways and such parts of the UK, or the world, as the directors from time to time think fit.
b.To relieve sickness and financial hardship and to promote and preserve food health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such ways and paths of the UK, or the world, as the directors from time to time may think fit.
c. To advance education in such ways and such parts of the UK, or the world as the directors from time to time may think fit.
## Significant Activities
## Church
MZCC operations have been significantly affected and reduced as a result of COVID-19. Sunday Services were now being recorded and streamed on YouTube. It was a matter of recording the direction, the communion, the prayers, the online raising of the offering and the recording of the ministry of the word in an empty building. This was later published and uploaded for streaming.
Midweek services became the meeting place on Zoom. The development of the MZCC Connect groups has become very high on the agenda. To do this, small group leaders had to be identified, trained and formed. The supporting of Connect Groups and Connect Group leaders came to the very top of the priorities in order to keep in touch with the members and attendees of MZCC.
## Media
Fundraising campaign took place to raise funds for purchasing and renewing media equipment. New ceiling camera, operating system, the replacing of analogue to digital wires were purchased and installed. Also, the repairing of the PA system and servicing of the mixing desk and the speakers which were partly blown.
## Giving
Sincere appreciation and thanks to our members and attendees of MZCC for their cooperation. Their commitment and cooperation in changing the way we give has been immense in helping MZCC maintain and safeguard its commitments. Without the committed and dedicated giving, MZCC would not have been able to continue to provide a service to the church, the community and the city.
## Website
The redesign and re-launch of the MZCC website took place during the lock-down.
## Events
The MZCC Release Conference was postponed for 2020.
The children's ministries were held online Sunday afternoon.
The MZCC Youth Team was formed, while the Youth Ministry (CREW) was also launched on Sunday afternoon. MZCC is very appreciative of the Ministries of Youth and Children Teams who continue to provide committed service to children and youth.
The MZCC Christmas Community Service and Meal took place around Christmas where some Hostels received Christmas meals and gifts.
Page 2
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
## Business
The MZCC business activities stopped completely until the autumn, where a school hired the premises to help to host a few of their school bubbles.
A few weddings, funerals and a conference were held until the second lockdown the beginning of January 2021. The second lockdown stopped all bookings until end of February 2021.
## Time4Change
George Floyd's death saw people demonstrate all over the world against racism and injustice. Here in Birmingham Pastor's Calvin and Pauline was able to address several church leaders and citywide ministries to talk about how the church should respond to the issues of racism, so the church is not seen to be silent on this very important matter. Church leaders met early in the morning, every couple of weeks to pray and plan. Some very difficult conversations were aired resulting in online church services, highlighting the issues of racism and praying for forgiveness of the church and the community. The Birmingham Charter of Churches to Combat Racism was launched in October 2020. There continues to be an increasing response to the eradication of racism from the church and the city as a whole. MZCC's leadership continues to play an important role in this matter.
## FINANCIAL REVIEW
## Financial position
Mount Zion Christian Community Church are pleased to present financial statements that show a good performance despite the pandemic. This is as a result of reduced activity and expenditure due to the COVID-19 pandemic. The year ending with a surplus which will be used to increase the level of unrestricted reserves to support activities in the future.
Mount Zion Christian Community Church continues to review and improve is financial processes and develop its approach to income generation to ensure greater financial stability.
The Statement of Financial Activities is set out on page 7. Total income was £250,481 (2020: £280,153). Total expenditure was £175,779 (2020: £282,810). The decrease in income and expenditure is due to the impact of the COVID-19 pandemic.
On 31 March 2021, Total reserves were £480,318 (2020: 405,616) unrestricted reserves were £478,114 (2020: £404,709).
## Reserves policy
The Trustee’ policy is to have unrestricted reserves held to cover for regular operating costs should there be a shortfall in income and amounts to cover risks and contingencies that would require and outlay of expenditure above a normal level.
On 31 March 2021, Unrestricted reserves were £478,114, restricted reserves were £2,204 being amounts held for the Benevolent fund and Glory hour social fund. Free reserves are £105,268 the Trustees consider this is an appropriate level of reserves in line with the reserve policy.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
Mount Zion Christian Community Church is a registered charity (No. 1120468) and a private company limited by guarantee (No. 06041528) governed by a model Memorandum and Articles for local Assemblies of God in Great Britain and Ireland which was adopted by a special resolution on 14th March 2007.
Page 3
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Organisational structure
The company is managed by it Board of Trustees. A minimum of three directors must exist at all times. Membership of the board is made up of the Senior Pastor, 4 members of the Church drawn from a wide variety of disciplines, to ensure a wide skills mix exist to manage the affairs of the charity.
## The Board meets formally monthly to monitor and deal with charity matters.
## New directors are appointed to the board by existing directors periodically.
All directors are familiarised with the practical work of the church including but not limited to:
## - the obligations of the charity
- the obligations of the Board of Directors and Board of Trustees
- the main documents which set out the operational framework for the church including the Memorandum and Articles of Association - resources and the current financial position as set out in the latest published accounts together with the periodic management accounts and the finance subcommittee's minutes
- ongoing plans and objectives
Mount Zion Christian Community Church has a leadership team consisting of Pastor and Elders of the Church, They are responsible for the:
-Vision
- Strategy
- Pastoral care
## Risk Management
We continue to monitor and adjust to the ever-changing policy requirements, i.e. Health & Safety handbook and Employee Staff handbook.
The directors keep up to date with the risks associated with operation of the organisation via monthly meetings, reviews, child protection procedures, security and health and safety reviews, relevant insurance policies.
Internal risks are minimised by the implementation of procedures regarding good practice, fire safety inspections and intruder alarm maintenance.
The Trustees believe that they have compiled with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
## REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 06041528 (England and Wales)
Registered Charity number
1120468
## Registered office
70 Thomas Street, Aston Birmingham
West Midlands B6 4TN
Page 4
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
ss
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Trustees Ms N A A Afoakwa Military Nurse, British Army Ms E Bwalya Pastor
LA Guscoth Retired
E O Ikolo Banker
Reverend C A Young Minister Of Religion
## Company Secretary
**----- Start of picture text -----**
Independent Examiner
Deans
Chartered Accountants
Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ |
Approved ff, 20
by order oftheboard oftrustees on29y2or and signed on its behalf by:
fos f 4 <=
ie i
v ‘
ReverendCA Young'-Trustee
**----- End of picture text -----**
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOUNT ZION CHRISTIAN COMMUNITY CHURCH
Independent examiner's report to the trustees of Mount Zion Christian Community Church ('the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a registered member of FCA which is one of the listed bodies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**----- Start of picture text -----**
Peta r
**----- End of picture text -----**
Jeremy Hodgkiss
FCA Deans Chartered Accountants Gibson House Hurricane Court Hurricane Close Stafford ST16 1GZ Date: aniai bisile
Page 6
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|if|£|£|£|
|INCOME AND ENDOWMENTS FROM||||||
|Donations and legacies|2|194,833|3,909|198,742|240,227|
|Charitable activities|4|||||
|Charitable Activities||10,202|-|10,202|39,926|
|Investment income|3|24,584|-|24,584|-|
|Other income||16,953|-|16,953|-|
|Total||246,572|3,909|250,481|280,153|
|EXPENDITURE ON||||||
|Charitable activities|5|||||
|Charitable Activities||156,759|2,056|158,815|259,101|
|Other|7|16,964|-|16,964|23,709|
|Total||173,723|2,056|175,779|282,810|
|NETINCOME/(EXPENDITURE)||72,849|1,853|74,702|(2,657)|
|Transfers between funds|21|556|(556)|-|-|
|Net movement in funds||73,405|1,297|74,702|(2,657)|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||404,709|907|405,616|408,273|
|TOTALFUNDSCARRIEDFORWARD||478,114|2,204|480,318|405,616|
The notes form part of these financial statements
Page 7
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## BALANCE SHEET
31 MARCH 2021
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|FIXED ASSETS||||||
|Tangible assets|13|1,045,370|-|1,045,370|1,048,726|
|Investments|14|100|-|100|S|
|||1,045,470|=|1,045,470|1,048,726|
|CURRENT ASSETS||||||
|Debtors|15|25,003|-|25,003|22,462|
|Cash at bank and in hand||94,772|2,204|96,976|19,018|
|||119,775|2,204|121,979|41,480|
|CREDITORS||||||
|Amounts falling due within one year|16|(48,299)|-|(48,299)|(82,555)|
|NETCURRENT ASSETS||71,476|2,204|73,680|(41,075)|
|TOTAL ASSETS LESS CURRENT LIABILITIES||1,116,946|2,204|1,119,150|1,007,651|
|CREDITORS||||||
|Amounts falling due after more than one year|7|(638,832)|-|(638,832)|(602,035)|
|NETASSETS||478,114|2,204|480,318|405,616|
|FUNDS|21|||||
|Unrestricted funds||||478,114|404,709|
|Restricted funds||||2,204|907|
|TOTALFUNDS||||480,318|405,616|
## TOTAL FUNDS
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 8
continued...
.
## MOUNT ZION CHRISTIAN COMMUNITY CHURCH
BALANCE SHEET - continued 31 MARCH 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
ThsEt,fagn ial] 2statementsnee. andwere were signedapproved on its behalfby the by: Board of Trustees and authorised for issue on
**----- Start of picture text -----**
Lip
/ ‘
CA Young - 7) stee
**----- End of picture text -----**
.
The notes form part of these financial statements
i
Page 9
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
## 1. ACCOUNTING POLICIES
## Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Mount Zion Christian Community Church is a company limited by guarantee and does not have share capital. The members of the company are the trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member. The charity's registered number and registered office is given in the charity information in page 1 of this report.
The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
- the requirements of Section 7 Statement of Cash Flows.
## Preparation of consolidated financial statements
The financial statements contain information about Mount Zion Christian Community Church as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity, and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Page 10
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## dy ACCOUNTING POLICIES - continued
## Income
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred. Government grants in respect of Covid-19 received as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised as income in the period in which the grant becomes receivable using the accruals model.
Investment income is earned through the subsidiary company owned by the charity.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - not provided Long leasehold - not provided Fixtures and fittings - 25% on cost and 10% on cost Motor vehicles - 25% oncost
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## Mebtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Page 11
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## 2. DONATIONS AND LEGACIES
**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|2021|2020|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|Offerings|166,882|3,909|170,791|210,347|
|Gift|aid|27,951|-|27,951|29,880|
|194,833|3,909|198,742|240,227|
|3.|INVESTMENT|INCOME|
|2021|2020|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|Subsidiary|income|24,584|-|24,584|-|
|4.|INCOME|FROM|CHARITABLE|ACTIVITIES|
|2021|2020|
|Charitable|Total|
|Activities|activities|
|£|£|
|Bookstall|-|2,926|
|.|Hiring|of|hall|&|facilities|9,990|37,000|
|Children's|ministry|212|-|
|10,202|39,926|
**----- End of picture text -----**
5. CHARITABLE ACTIVITIES COSTS
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Direct|
|Costs|(see|Support|
|note|6)|costs|Totals|
|£|£|£|
|Charitable|Activities|155,715|3,100|158,815|
**----- End of picture text -----**
Page 12
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## NOTES TO THE FINANCIAL STATEMENTS - continued
## FOR THE YEAR ENDED 31 MARCH 2021
## 6. DIRECT COSTS OF CHARITABLE ACTIVITIES
**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Trustees’|remuneration|etc|38,944|47,630|
|Staff costs|37,072|66,324|
|Rates|and|water|1,060|4,230|
|Insurance|3,575|2,809|
|Light|and|heat|12,023|14,248|
|Telephone|1,205|2,735|
|Sundries|3,189|3,445|
|Ministry|fees|-|275|
|Ministry|visiting|speakers|450|3,359|
|Missionary|-|150|
|Mission|events|17,741|36,528|
|Bookshop|-|225|
|Church|family|sundries|-|3,048|
|Travel|expenses|-|417|
|Repairs|and|renewals|6,842|17,823|
|Cleaning|and|gardening|=|6,759|
|Rent|and|hire|of|facilities|245|3,815|
|Storage|rent|691|219|
|Depreciation|8,672|14,687|
|Interest|payable|and|similar|charges|24,006|27,375|
|155,715|256,101|
|OTHER|
|2021|2020|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|Professional|fees|2,034|-|2,034|6,696|
|Accountancy|support|1,675|-|1,675|5,111|
|Computer|costs|6,482|-|6,482|714|
|Photocopier|lease|2,844|-|2,844|4,124|
|Printing,|postage|&|stationery|303|-|303|2,102|
|Lease|costs|-|-|=|3,541|
|Bank|charges|and|interest|1,339|-|1,339|1,205|
|Sundries|2,287|-|2,287|216|
|16,964|-|16,964|23,709|
**----- End of picture text -----**
7. OTHER
Page 13
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## 8.
## NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|2021|2020|
|£|£|
|Depreciation|- owned|assets|8,673|14,686|
**----- End of picture text -----**
9. INDEPENDENT EXAMINERS REMUNERATION
Fees payable to the charity's independent examiners for the independent examination of the charity's financial statement were £3,100 (2020: £3,000). No other services were provided.
10. TRUSTEES' REMUNERATION AND BENEFITS
Trustees remuneration was as follows
Pastor C Young - for services as Pastor Remuneration £34,000 (2020: £34,000) Social security £3,480 (2020: £3,480) Pension costs £833 (2020: £833)
Mr E Bwalya - for administration services Remuneration £628 (2020: £9,269) Pension costs £3 (2020: £48)
No other trustees received any payments.
## Trustees’ expenses
There were no_ trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
11. STAFF COSTS
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|2021|2020|
|£|£|
|Wages|and|salaries|69,420|102,432|
|Social|security|costs|5,285|8,595|
|Other|pension|costs|475|2,046|
|75,180|113,073|
**----- End of picture text -----**
The average monthly number of employees during the year was as follows:
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|2021|2020|
|Pastoral|2|3|
|Administration|&|Finance|1|2|
|Manual|7|1|
|3|6|
**----- End of picture text -----**
Page 14
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued
## FOR THE YEAR ENDED 31 MARCH 2021
## 11. STAFF COSTS - continued
No employees received emoluments in excess of £60,000.
## 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||£|£|£|
|INCOME AND ENDOWMENTS FROM||||
|Donations and legacies|235,347|4,880|240,227|
|Charitable activities||||
|Charitable Activities|39,926|-|39,926|
|Total|275,273|4,880|280,153|
|EXPENDITURE ON||||
|Charitable activities||||
|Charitable Activities|250,491|8,610|259,101|
|Other|23,709|-|23,709|
|Total|274,200|8,610|282,810|
|NET INCOME/(EXPENDITURE)|1,073|(3,730)|(2,657)|
|Transfers between funds|(4,128)|4,128|-|
|Net movement in funds|(3,055)|398|(2,657)|
|RECONCILIATION OF FUNDS||||
|Total funds brought forward|407,764|509|408,273|
|TOTALFUNDSCARRIEDFORWARD|404,709|907|405,616|
Page 15
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## 13. TANGIBLE FIXED ASSETS
|TANGIBLE FIXED ASSETS||||||
|---|---|---|---|---|---|
||||Fixtures|||
||Freehold|Long|and|Motor||
||property|leasehold|fittings|vehicles|Totals|
||£|£|£|£|£|
|COST OR VALUATION||||||
|At 1 April 2020|195,000|795,000|169,426|1,950|1,161,376|
|Additions|-|-|5,317|-|5,317|
|Disposals|-|-|(23,117)|-|(23,117)|
|At 31 March 2021|195,000|795,000|151,626|1,950|1,143,576|
|DEPRECIATION||||||
|At 1 April 2020|-|-|110,700|1,950|112,650|
|Charge for year|-|-|8,673|-|8,673|
|Eliminated on disposal|-|-|(23,117)|-|(23,117)|
|At 31 March 2021|-|=|96,256|1,950|98,206|
|NET BOOK VALUE||||||
|At 31 March 2021|195,000|795,000|55,370|-|1,045,370|
|At 31 March 2020|195,000|795,000|58,726|=|1,048,726|
|Cost or valuation at 31 March 2021 is represented by:||||||
||||Fixtures|||
||Freehold|Long|and|Motor||
||property|leasehold|fittings|vehicles|Totals|
||£
'|£|£|f|£|
|Valuation in 2007|-|(774,321)|-|-|(774,321)|
|Cost|195,000|1,569,321|151,626|1,950|1,917,897|
||195,000|795,000|151,626|1,950|1,143,576|
If Leasehold land and buildings had not been revalued they would have been included at the following historical cost:
Cost
|2021|2020|
|---|---|
|£|£|
|1,569,321|1,569,321|
Leasehold land and buildings were valued on an open market basis on 31 January 2007 by Savills.
Page 16
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## 14. FIXED ASSET INVESTMENTS
|FIXED ASSET INVESTMENTS||
|---|---|
||Unlisted|
||investments|
||£|
|COST LESS IMPAIRMENT||
|Additions|100|
|NET BOOKVALUE||
|At 31 March 2021|100|
|At31March2020|s|
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
## Grace Nursery Limited
Registered office: 70 Thomas Street, Aston, Birmingham, West Midlands, B6 4TN
||%|||
|---|---|---|---|
|Class of share:|holding|||
|Ordinary|100|||
|||2021|2020|
|||£|£|
|Aggregate capital and reserves||(13,137)|(12,156)|
|Loss forthe year||(981)|(4,380)|
|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2021|2020|
|||£|£|
|Trade debtors||2,928|20,963|
|Amounts owed by group undertakings||20,094|-|
|Other debtors||-|371|
|Prepayments||1,981|1,128|
|||25,003|22,462|
## 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 17
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|16.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2021|2020|
|||£|£|
||Bank loans and overdrafts (see note 18)|28,322|24,787|
||Trade creditors|9,405|27,071|
||Amounts owed to group undertakings|-|8,317|
||Social security and other taxes|3,961|8,487|
||Other creditors|811|-|
||Accruals and deferred income|5,800|13,893|
|||48,299|82,555|
|17.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|||
|||2021|2020|
|||£|£|
||Bank loans (see note 18)|638,832|602,035|
|18.|LOANS|||
||An analysis ofthe maturity of loans is given below:|||
|||2021|2020|
|||£|£|
||Amounts falling due within one year on demand:|||
||Bank loans & mortgages|28,322|24,787|
||Amounts falling between one and two years:|||
||Bank loans & mortgages 1-2 years|38,136|27,812|
||Amounts falling due between two and five years:|||
||Bank loans & mortgages 2-5 years|121,856|86,813|
||Amounts falling due in more than five years:|||
||Repayable by instalments:|||
||Bankloans&mortgagesmore5yrbyinstall|478,840|487,410|
Page 18
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
19. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
20.
||2021|2020|
|---|---|---|
||£|£|
|Within one year|2,674|3,927|
|SECURED DEBTS|||
|The following secured debts are included within creditors:|||
||2021|2020|
||£|£|
|Mortgage|617,154|626,822|
The Mortgage is secured against the properties 70 Thomas Street and 60 Thomas Street, Aston, Birmingham, West Midlands, B6 4TN
21.
## MOVEMENT IN FUNDS
|MOVEMENT IN FUNDS|||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1.4.20|in funds|funds|31.38.21|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|394,215|71,154|(1,944)|463,425|
|Missions Fund|5,290|1,819|-|7,109|
|Community Youth Project|813|(124)|-|689|
|Holding Account|4,391|-|2,500|6,891|
||404,709|72,849|556|478,114|
|Restricted funds|||||
|Glory Hour|656|75|-|731|
|Benevolent Fund|||||
||251|1,778|(556)|1,473|
||907|1,853|(556)|2,204|
|TOTALFUNDS|405,616|74,702|ee|480,318|
Page 19
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
## 21. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||£|£|£|
|Unrestricted funds|||||
|General fund||237,140|(165,986)|71,154|
|Missions Fund||9,220|(7,401)|1,819|
|CommunityYouth Project||212|(336)|(124)|
|||246,572|(173,723)|72,849|
|Restricted funds|||||
|Glory Hour||15|-|75|
|Benevolent Fund|||||
|||3,834|(2,056)|1,778|
|||3,909|(2,056)|1,853|
|TOTAL FUNDS||250,481|(175,779)|74,702|
|Comparatives for movement in funds|||||
|||Net|Transfers||
|||movement|between|At|
||At 1.4.19|in funds|funds|31.3.20|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|392,259|15,571|(13,615)|394,215|
|Missions Fund|523|2,578|2,189|5,290|
|CommunityYouth Project|659|(482)|636|813|
|Holding Account|14,323|(16,594)|6,662|4,391|
||407,764|1,073|(4,128)|404,709|
|Restricted funds|||||
|Glory Hour|115|(4,201)|4,742|656|
|Benevolent Fund|||||
||394|471|(614)|251|
||509|(3,730)|4,128|907|
|TOTALFUNDS|408,273|(2,657)|<|405,616|
Page 20
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## 21. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|General fund|266,793|(251,222)|15,571|
|Missions Fund|7,693|(5,115)|2,578|
|Community Youth Project|787|(1,269)|(482)|
|Holding Account|-|(16,594)|(16,594)|
||275,273|(274,200)|1,073|
|Restricted funds||||
|Glory Hour|1,852|(6,053)|(4,201)|
|Benevolent Fund||||
||3,028|(2,557)|471|
||4,880|(8,610)|(3,730)|
|TOTAL FUNDS|280,153|(282,810)|(2,657)|
|RestrictedFunds||||
## Benevolent Fund
To care for the church family.
## Glory Hour
Social fund for "senior" church members.
## Unrestricted Funds
## Missions Fund
Fund for missionary activities.
## Community Youth project
To support local youth activities.
## Holding Account
Funds held relating to subsidiary Grace Nursery Limited.
Page 21
continued...
MOUNT ZION CHRISTIAN COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
## 22. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 22