MOUNT ZION CHRISTIAN COMMUNITY CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 RCH 2024 Page Report of the Trustees Itolo Indcpendent Examiner's Report Statement of Financial Activities 12 Balance Sheet 13to14 Notes to the Financial Statements 15to27
MOUNT ZION CHRISTIAN COMMUNITY CHURCH (REGISTERED IYUMBER: 06041528) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Clwities.. Statement of Recommended Practice applicable to charities prarIng their accounts in accordance WAth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). I. ORGANISATION STRUCTURE, GOVERNANCE AND MANAGEMENT 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 Assemblles of God in Great Britain and Ireland, adopted by speclal resolution on 14th March 2007. The charlty Is managed by its Board of Trustees. A minlmum of three directors must always exlst. 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 exists to manage the affalrs of the charity. The Board meets formally monthly to monltor and deal wlth charity matters. New dlrectors are appointed to the board by existing directors perlodicallv. All directors are familiari5ed wlth the practical work of the church Includlng but not Ilmlted to: the obligations of the charity the obligations of the 8oard of Direttor and Board of Trustees the main docurnents whlch 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 wlth the periodic management accounts and the finance subcommittee's minutes ongolng plans and objectives. Mount Zion Christian Community Church has a leadership team consisting of Pastors and Elders of the Church. They are responsible for the:
MouNf ZION CHRISTIAN COmMUm CHURCH (REGISTERED NUMBEIL. 06041528) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Vision Strategy Pastoral care II. OBJECTIVES AND ACTIVITIES OF THE CHARITY 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 provislon of counselling and support in such ways and paths of the UK, or the world, as the dlrectors from time to time may think fit. c. To advance educatlon In such ways and such parts of the UK, or the world as the directors from tlme to tlme may thlnk flt. 111. REVIEW OF MOUNT ZION CHRISTIAN COMMUNITY CHURCH ACTIVITIES A Splritual and Organlsatlonal Perspectlve Mount Zion Church has excelled in its mission of fostering splrltual growth, communlty engagement, and organisatlonal excellence. This year has been marked by impactful events, strategic outreach, and a clear alignment with the church's vision to serve Its congregation and broader community. The following report highlights the spiritual vitality and organisational strength underpinning these accomplishments. Key Achlevements l. Splritual Enrichment and Growth Mount Zion Church successfully nurtured spiritual growth through a rich calendar of events that addressed diverse aspects of faith:
MOUNT ZION CHRISTIAN COMMUNITY CHURCH (REGISTERED NUMBER: 06041528) RKPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Revival and Renewal: Events like the Pentecost Revival and Women's Encounter Weekend emphasised prayer, fastingfv and transformative worship. These moments of spiritual intensity provided members with opportunities to deepen their relationshlp with God. Targeted Mlnlstry Focus: Programs such as the Married Couples Seminar and Fatherfs Day Celebration demonstrated a commitment to nurturing Individuals and famllles. These events encouraged spiritual reflection and strengthened relatlonships within the congregatlon. 2. Organlsational Excellence Mount Zion's ability to plan, coordinate, and execute a diverse range of events underscores Its operational reslllence and adaptability: Efflclent Resource Management: Major events such as the Annual Release Conference and Christmas Eve Extravaganza required complex logistics, includlng guest coordlnatlon, staging, and caterlng. The seamless executlon of these events reflects meticulous planning and robust organisational systems. Volunteer Engagement: The church's volunteers played an essential role in ensuring the success of varlous activities, demonstrating strong leadership and a culture of collaboration. 3. Communlty Outreach Mount Zion extended its reach beyond its congregation, actively serving the wider communlty: Inclusive Programs: Events such as the Community Barbecue, Chrlstmas Community Meal, and Mental Health Conference were designed to welcome and support diverse groups, from the homeless to individuals seeking mental health resources. These Initiatives highlighted the church's mission to embody compasslon and inclusivity. Youth and Mentorship: Programs like the Youth Alpha Weekend and quarterly Youth Fulfil Events emphasised the importance of engaging and empowering the next generation through spirltual teachings and practlcal mentorship.
MOUNT ZION CHRISTIAN COMMUNITY CHURCH (REGISTKRED NUMBEIL. 06041528) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Organlsatlonal Impact Strate8lc Event Plannlng: The ability to run a packed schedule of events with varying scales and requirements highlights Mount Zlon's strong leadership and operational framework. Growth In Engagement: The year saw increased participation across ministries, with members engaging deeply in spiritual and social programs. This reflects the effectivene55 of Mount Zlon's outreach strategies. Strengthened Identlty: Through consistent execution of high-impact programs, Mount Zion has reinforced its identlty as a spiritually vibrant and community-focused organisation. 5. Vlslon for the Future Mount Zion Church's success this year positions it for contlnued growth and Impact. Future opportunities include: Expandlng mentorshlp programs to further support youth and new believers. Deepenlng partnerships with external organisatlons to enhance the scale and reach of community services. Leveraging its organlsatlonal framework to innovate and adapt to emerglng needs within the congregation and communlty. IV. BUSINESS Health and Achlevements of MZCC Charltable Operation5 The year has been marked by strong engagement, impactful Inltlatives, and evidence of a growing community connection. These achievements reflect the charitable mission of MZCC and Its aligrlment with spiritual and societal enrichment goals.
Mouwf ZION CHRISTIAN COMMUNITY CItURCH (RKGISTKRED NUMBER: 06041528) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Key Highlights l. Splrltual Development MZCC has effectlvely provided a platform for spiritual growth through consistent prayer meetings, conferences, and weekly events. Prograrns such as the Kingdom Ambassadors and Burning 8ush gatherlngs have demonstrated resilience and continuity, fosterin8 a culture of falth and communal support. These inltlatlves not only uplift individual splrltual Ilves but also create a strong sense of unity and shared purpose. 2. Communlty Engagement This year saw a strengthening of community ties through collaborations and external outreach; Birmin8ham City Council training sessions enabled MZCC to contribute to civic education and leadership development. Memorial servlces and weddings hosted by the church brought together members and extended networks, emphaslslng Incluslvlty and shared celebrations of life's milestones. 3. Dlver5e Program Portfolio The introductlon of dynamic weekly sessions such as "First Love" and multi-day conferences, coupled with targeted event5 like the Men's Conference and Gospel Concert, has expanded MZCC'S appeal acr055 demographics. These programs demonstrate adaptability and commitment to servlng dlverse community needs. 4. Organlsatlonal Resilience The ability to sustain a busy schedule of events throughout the year highlights the organisational strength of MZCC. Teams have shown remarkable dedication In executing a variety of prograrns while maintaining operational efficiency. The absence of significant disruptions refletts robust planning and a proactive approach to challenges.
MOUNT ZION CHRISTIAN COMMUNITY CHURCH (REGISTERED NUMBER: 06041528) REPORT OF TRUSTKES FOR THE YEAR EM)ED 31 MARCH 2024 Achlevements and Impact Increased Particlpatlon: The breadth and varlety of events have attracted conslstent attendance, bulldlng a more engaged and loyal community. Spirltual Enrlchment: MZCC has succeeded in being a cornerstone of spiritual growth for many, aligning its mission with tangible outcomes in mernbers, lives. Cornmunlty Leadershlp: By hosting educatlonal and inclusive events, the organlsatlon has established itself as a leader in both spiritual and civic spheres. S. Looklng Forward MZCC is well-positioned to sustain its growth trajectory by continuing to innovate its programming and deepen Its impact on the communlty and clty. The strong foundation laid this year serves as a springboard for future opportunities and expanded Influence. V. MAINTAINING AND SECURING GROWTH Agaln, we 8lve thanks to the membership and attendees of MZCC for their committed 8lvlng, creatlvlty and 8eneral commltment to the cause. They have enabled MZCC to provide a consistent level of services, both to our constituency and our communlty. Wlthout the support of our mernbership, we would not be able to do so. This Is a testament to the culture, values and vislon which have been invested into the MZCC organlsation over the years. In the future years, MZCC will build on our current foundation, and look to vision- cast for growth both numerically and organisationally. Governance In the memorandum and articles of MZCC the chair of MZCC is the senlor mlnlster and only if he refuses to take up that responsibility someone else on the board can be voted to tske up the chair.
MOUNT ZION CHRISTIAN COMMUNITY CHURCH (REGISTERED IYUMBER: 06041528) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Along with the senior minister, all other ministers are also board members. MZCC will operate with an accountant who will provide the financial reports, correspond and lease with the MZCC accounts. The MZCC Board has agreed to the co-opting of other members to support the board in the area of HR and H&S. Thanksglving The board would Ilke to state our contlnued thanks to all the members of MZCC who have served the board of MZCC over the last year. We put on record our sincere thanks to everyone who has giving their time and talents to respond to the legal, financial and management aspects of MZCC. The board and leadership of MZCC would Ilke to thank our accountant and audltors who have helped to support the board in sorting and orbiting this yearfs accounts. We also would Ilke to put on record our immense gratltude and thanks to the membershlp and attendees of Mount Zion Community Church for their continued commitment, immense generosity, support through prayers and words of encouragement. MZCC members have truly demonstrated what it means to be members of the body of Christ. Vlslon focus for the Future - the Next Two Years: MZCC contlnues to focus on Its vislon and strategy Strengthen and equip the board of MZCC Develop and sustaln our outreach to children and young people Invest In the MZCC Business Development VI. POLICIE5 We continue to monitor and adjust to the ever-changing policy requirements i.e. Health & Safety handbook and Employee Staff handbook. The dlrectors keep up to date with the risks assoclated with the 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 maintenan.
MOUNT ZION CHRISTIAN COMMUNITY CHURCH (REGISTERED NUMBER: 06041528) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees believe that they have complied with their duty to have due regard for the guidance on public benefit published by the Charity Commission in exercising their powers and duties. FINANCIAL REVIEW Financial Position Mount Zion Christian Community Church is pleased to present financial statements that show a good performance following on from prior year. The year ending with a surplus which wlll be used to Increase the level of unrestrlcted reserves to support actlvlties In the future. Mount Zion Christian Community Church continues to review and improve its financial processes and develop its approach to income generation to ensure greater financial stabll ity. The Statement of Financial Activities is set out on page 12. Total income was £304,988 (2023: £252,039). Total expenditure was £259,881 (2023: £238,221). The Increase In Incorne is as a result of increased member donations and increase use of the church facilities. Consequently, increasing the operational costs. On 31 March 2024, total reserves were £530,536 (2023: £485.429). unrestricted reserves were £527,047 (2023: £480,362). Reserves Pollcy The Trustee's policy is to have unrestricted reserves held to cover for regular operatin8 CQSts should there be a shortfall in income and amounts to cover risks and contingencies that would require an outlay of expenditure above a normal level. On 31 March 2024, Unrestricted reserves were £527,047, restricted reserves were £3.490 being amounts held for the Benevolent fund and Glory hour social fund. Free reserves are £105,268, the Trustees consider this an appropriate level of reserves in line with the reserves policy.
MOUNT ZION CHRISTIAN COIKMUNJTY CHURCH (REGISTERED NUMBER: 06041528) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Reg15tered Charlty number 1120468 Registered Office 70 Thomas Street, Aston Blrmlngharn West Midlands B6 4TN Trustees Mr N A A Afoakwa - Military Nurse, British Army Mr E Bwalya- Pastor Mr L A Guscoth - Retlred Mr E O Ikolo- Banker Reverend C A Young- Minister of Religlon Independent Examlner TaxAssist Accountants Enfield 51 Church Street Enfield EN2 6AN Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by. Reverend C A Youn8 - Trustee 10
INDEPEM)ENT EXAMINER'S REPORT Report to the Trustees: Mount Zion Christian Community Church On accounts for the year ended: 31 March 2024 Charlty no: 1120468 Set out on pages: 12- 27 I report to the trustees on my examination of the accounts of the above charlty for the year ended 31 March 2024. Responslbllltles and basls of report As the charlty's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the ACV,). I report in respect of my examination of the charitws accounts carried out under sectlon 145 of the 2011 Act and In carrying out my examination I have followed all the applicable Directlons given by the Charity Commission under sectlon 145(5)(b) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accountlng records were not kept In accordance with sectlon 130 of the Charlties Act; or the accounts do not accord with the accounting records. the accounts did not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connectlon wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Shayo Badejo FIPA MIPA TaxAssist Accountants Enfield 51 Church Street Enf ield London EN2 6AN 3010112025. 11
MOUNT ZION CHRISTIAN COMMUNrrY CHURCH STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Tot21 ndi fundg 2023 Total fuDd8 fund8 Unrestrlcted Fundi Rutrlrted Fllndi Not¢• INCOME AND ENDOWMKNTS FROM Dona*ion8 legadel 195226 5.973 201,199 203,106 Chlrttabk A¢tfvitkA Mlntstry 95.426 6J63 95,426 6,363 45.170 2,554 Other tradlng a¢tfvltie8 Invutmont Jntome Oth¢r Ineome 2,000 2,000 1209 TotAI 299.016 5.973 304,988 252,039 EXPF.NDITURE ON Charllftble Aedvllles 242.431 7,549 249,980 229,798 Oth 9,901 9.901 8,423 Total 252 331 259,881 238,221 NET IIYCOME I (EXPENDITURE) Tr8nBfcr8 betwe£n fuDd3 46,684 (1.577) 45.107 13.818 21 Netnkivonent in fund8 46,684 (1,577) 45.107 13,818 RECONCILIATJON OF FUNDS Totsl funds brought forward 480,362 5.067 485,429 471,611 TOTAL FUNDS CARIUED FORWARD 527 D47 3,490 530,536 485,419 The notes form part of these financlal statements 12
MOUNT ZION CHIUSTIAN COMMUNITY CHURCH (REGISTERED NUMBER: 06041528) BALANCE SHEET 31 MARCH 2024 2023 Unmlrlded Fllnd$ Total futhdi ndi fundi No FJXLI) ASSX'IS TAilblé liiéts 14 15 1,025 1,025,244 1,031,620 1,025,244 1,025244 1,031,620 CURRENT ASSETS D¢btoYi 16 9,075 45,628 9,075 48,752 6,020 26,198 3,124 54,703 3.124 57,826 32,217 CkEDII'OllS Amounti fAUIAg dui wlthlo •ttéye4r 17 (46,509) (46,509) (44,548) NET CURRENT ASSM 8,194 3,124 IlJ18 (12,331) TOTAL ASSETS LESS CURRENT LIABILITIFS ,033,439 3,124 1.036,562 1,019,289 CREDITORS Amounti flllng duo ft¢r Mor• IhA Oll• yt*r (506,026) (501026) (533,860) NET ASSETS 527 412 J,124 SJO 536 485 429 FUNDS urtr]rted fundi Rutrlettd fvnd• 22 527,047 3,490 480,362 5,067 TOTAL FUNDS 485 429 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the companyto obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The notes fonn part of these financial 5tatement5 13
MOUNT ZION CHRISTIAN COMMUNITY CHURCH (REGISTERED NUMBER: 06041528) BALANCE SHKET - continued 31 MARCH 2024 The trustees acknowledged their responsibilities for la} ensuring that the charitable company keeps accounting records that comply with Section5 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 deflcit for each financial year In accordance with the requirements of Section 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. These financlal statements have been prepared in accordance wlth the provisions applicable to charitable companies subject to the small companies, regime. The financial statements were approved by the Board of Trusties and authorised for issue on 30January 2025 and were signed on its behalf by: C A Young- Trustee The notes form part of these flnancial statements 14
MOUNT ZION CHRISTIAN COMMUNrfY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDKD 31 MARCH 2024 I. ACCOUNTING POUCIES Basis of preparlng the financlal statements The financlal statements of the charitable company, which is a public beneflt entlty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accountlng 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 Republlc of Ireland (FRS102) {effective l January 2019),, Financial Reportlng Standard 102 The Financial Reporting Standard applicable in the UK and Republlc of Ireland and the Companies Act 2006. Mount Zlon Christlan Cornmunity Church is a company Ilmlted by guarantee and does not have share capital. The member5 of the company are the trustees. names on page l. In the event of the company bein8 wound up, the liability in respect of the guarantee is limited to £1 per member. The charitvs registered number and reglstered office Is glven In the charltv informatlon In page l of this report. The charlty constltutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charltles: 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 l January 2019, the Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland (FRS 102), and the Charlties 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 reportlng 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 Reportlng Standard applicable in the UK and Republic of Ireland,: the qUirementS of Section 7 Statement of Cash Flows. 15
MOUNT ZtON CHRISTIAN COMMUNITY CHURCH NOTES TO THK FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 Preparatlon of consolidated financlal 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 requlrements 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 rellably. For donations to be recognised the charity will have been notified of the amounts and the settlement date In wrltlng. If there are conditions attached to the donatlon and thls requlres a level of performance before entltlement can be obtained, then income Is deferred untll those conditions are fully met or the fulfilment of those conditions is within the control of the charity, and it is probable that they wlll be fulfilled. No amount Is Included In the financial statements for volunteer time in line with the SORP (FRS 102). Income from government and other grants are recognlsed at falr value when the charlty has entltlement after any perf0rrnan conditlons have been met, It is probable that the income will be recelved, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred, Investment income 15 earned through the subsidiary company owned by the charity. Expendlture Llabilities are recognised as expendlture 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 headlngs that aggregate all cost related to the category. Where costs cannot be directly attributed to speciflc headings, they have been allocated to activities on a basis consistent with the use of resources. 16
MOUNT ZION CHRISTIAN COLktMuNrrY CHURCH NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE YEAR ENDED 31 MARCH 2024 Tangible flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lif¢. Freehold property - not provided Long leasehold - not provided Fixtures and fittings - 250/0 on cost and IOO/o on cost Motor vehicles -25% oncost Taxation The charity is exempt from corporation tax on its charitable actlvlties. Fund accountlng Unrestricted funds can be used in accordance with the charltable objectives at the discretion of the trustees. Restrlcted funds can only be used for partlcular restricted purposes wlthln the objects of the charSty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund is included In the notes to the financlal statements. Pension costs and other post-retirement beneffts The charitable company operates a defined contribution penslon scheme. Contributions payable to the charltable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Debtors and credltors receivable / payable withln 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. 17
MOUNT ZION CHRISTIAN COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIOFIS AND LEGACIES 2024 2023 Total rundl iJAre8trl¢ted Re8tricted fundi rundi Total tund# Offerln Glft 170,278 24,948 5.973 176,251 24.948 167,758 35,348 195,226 5973 201,199 203,106 OTHER TRADING ACTIVITIES 2024 Total fundi 2023 Total fundi Unrestrfcted Restrl¢t¢d runds rund8 Sundry Ineome IP4VESTMENT INCOME 2024 Total 21123 TotAI fundi Unmtrlthd Restrl¢t¢d fundi SubsldlAry Income INCOMK VROM CHARrrABLE ACTIVITIES 2024 Total fundi 2023 Total funds Cbarltlble AdiYhleA MIAtstry HlrlnE of hall & faellltles Cblldren's Iotome Wom¢nls Initry income 95,426 95,426 1,177 5,186 45,170 2,554 1.177 5,186 95,426 6J63 101,789 18
MOUNT ZION CHRISTIAN COMMUMTY CHURCH NOTES TO THE FINANCIAL STATEMEIYTS - continued FOR THE YEAR EIYDED 31 MARCH 2024 6 COSTS OF CHARJTABLK ACTIVITIV Dlrett C•its Support {iee note 7) eoits Tota Charllabll Actlvltl 227,457 22,523 249,980 227,457 22,52J DIRECT COSTS OF CHARITABLE ACTIVITIES 2(124 202J TruNteo'1 r¢munertlon ett Staff eoili Ri¢i Ind Water IniurAII¢O Llght Ind htht 'I'el¢phooe .Sundlei Mlnlitry fe MlnlAtry vI8lllng ip¢ken MIAslon èVéAta RtpAlr8 #nd ren¢wil Clenln8 ind yrd¢nlni 8tor•g¢ r¢nt 40,895 50,778 12,655 3,498 1 5,402 2,458 2,070 40,895 43,174 6,657 J,980 16.410 2,410 3,038 36,078 13,516 9,087 536 5,911 IOJ27 21209 2,799 25,879 9,849 8,061 536 23,655 10,122 21,921 DepredAtlon Interttt payable •nd ilmllAtr 227A57 216,1159 OTEIER 2024 2023 UrtMtrl¢ted Rufrjeted fund8 ndi Total fund$ Tot futsdi Pr(bfesJk)nAI Fe Aetoulltll¢y Suppthrt Cmputer ¢o$ti Photoeopler I1¢ Prltttlng• Postage & st4¢loneery Ink ¢hArye¥ nd Intthit Suodrltt I 4,930 4,930 2,100 1,151 3,079 1,151 3,079 958 1488 741 741 596 1283 9.901 9,901 8,423 19
MOUNT ZION CHIUSTIAN COMMUNrrY CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEIIEXPENDITURE) Net iDeomtl(expeLdlturo) ts $t4ted atter eb#{£reditIllz): 2023 2023 2022 Depr¢d•ilon- owned aijetj 10,327 12.131 9.434 10,J27 12,131 9,434 10 INDEPENDENT EXAMINERS REfvIUNEK4TION Fee pay#bl¢ lo the ¢b4rlty'i Independént exAthlneYs for the kndependent examlntlDn of the th•rltylB IlnAhdAI gtatenkent were £1,80012023: £1,8••). No otheri¢rvl¢¢J were provlded. 11 TRUSTEESI REMUNERATION AND BZNEFIT8 Trniteej remunerAthbn follows: Poilor C YounR- for iervlee4 18 Plitor RtmutterAtltsn £36,267 (2023: £36367) SOCI iéturlty £3,737 (1023: £3,73T) Penilon ¢oits £891 (21J13: £891) No other tru•teeJ retelved #ny payments. 12 STAFF COSTS 2024 2023 Wages lld s•lart $oclal8eeurlty colts Other peailon ¢o•t• 87,409 2,465 1.799 79,960 1,665 91,673 84,069 The avÈrgt monthly number ofemployeu durlD% the year al folk1. 2024 2(123 Putoral Admknbtrillon & Knanfe ND ejnployees r¢¢thed emolmments In exc of£601}0. 20
MOUNT ZION CHRISTIAN COMMUNITY CKURCH NOTES TO THE FllYANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrejtrtcted Restrl¢ted rund fundi Total fundi INCOME AP4D ENDOWMENTS FROM DonAtlond and legAel 202,956 150 203,106 Charltabl¢ Artlvltl Mlrtlitry 45,170 2,554 45,170 2,554 Othèr Inoome 600 609 1,209 Total 151,280 759 252,039 EXPKNDITURE ON Charltydble Aellvltlei 225.878 3,920 229,798 Other 8,423 8,423 Total 234,301 3,920 238,221 NET INCOMEI(EXPENDITURE) Tranifeyi between fundi 16,979 (471> (3,160) 471 13,818 Net movement In fund¥ 16,508 (2,689) 13,818 RECONCILIATJON OFFUNDS Total fund# brought fornard 463,855 7,756 471,611 TOTAL FUNDS CARRIED FORWARD 480,363 5,067 485,429 21
MOUNT ZION CHRISTIAN COMMUMTY CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14 TANCIBLE FJXED ASSKTS Freehold Pro ng tKsehdld Flxtthw & Motor Tot1 Ct or VAluathin At 18t April 2023 Addition5 Di8P08ats At 3161 Mèrth 2024 195.0(KJ 795.0(Kl 157.432 3,951 1,950 ,149,382 3,951 195,000 795.000 161383 1.950 1153 333 Depreclatlon Al 18t April 2023 Disposals Charge for theyear At 31st Morch 2Q24 117,762 117,762 10,327 128.088 10,327 128,088 Net Book Value At 3181 MAr¢h 2024 At 318t MCh 2023 795.1Y)O 1,950 ,950 1,025 244 031620 195.0 39,670 Colt W#tn 13A Mareh 2024 ts represented by: Fr¢¢hold Long Lealebold Flxturej & Motsr Vebkl Total V3luailon In 2007 Co3t (774,321) (774,321) 1927 654 161.383 161,383 795 000 1 153 333 Iriea#ehold lalld •nd bulld1n bad been reyalued Ib¢y would have beeo kneluded In the followlttg htstoAcal eDIt 2024 2023 Cost 1,569,321 1,569,321 Le¥8elAold land and bulldln89 were vlued on n open market b819 on 31 Jonmary 21x17 by S#vJlb 22
MOUNT ZION CHRISTIAN COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. FIXED ASSET INVESTMENTS There were no investment assets outside the UK. 16. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepaymenti 8,250 825 9,075 5,081 939 6,020 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loani attd overdra(ts (lee note 19) Trade creditori SoelRI seeurlty and other tax Other eredllon Aeernals and deferred Ineome 25,793 11,514 5,172 1,543 2,486 46,509 27,212 3,374 6,993 1,543 5,426 44,548 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (set note 19) 506,026 533,860 23
MOUNT ZION CHRISTIAN COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENfs- Continued FOR THE YEAR ENDED 31 MARCH 2024 19 LOANS An anaty8i8 of tht maturity of the loam li glven below: 2024 2023 Amounts faUSng due wlthln one year on demand: Bank loans & mortg2ge 25,793 27,212 Amount8 falllng between one and two years: Bank loAnB & mort%ageJ 1-2 year8 28 26,804 78 Amounts falllng between two and lfve ytfirl: Bank loan8 & mortgages U years 86,846 91,623 Amount8 falllng due In more tbao ffve yean: Repayable by ID8tallthettts: Bank loans & mortgages more 5 yr by ID8tall 392,376 413,959 20 SECURED DEBTS The followlng ieeured debti ar¢ lrtd4ded whhln ¢r¢dlton: 2024 21123 Mortgage 531819 561072 The Mortgage b iecured aglDit the propertlu 60 Thoma¥ Strert 70 Thom1 Street, Aaton, Blrnthigham, Wat iKidlands, B6 4TN 21 MOVEMENT IN FUNDS Ntt movement rundo Trnnifer between fund8 At IA23 At 31.J.24 Unr£4trleted Ceneral fund Mii&ions fund Communlty Youth Yroje¢t HoMRDg Acll¢ 470.420 (o) 1334 37,335 1,088 4,532 507,755 1,088 6,866 480,362 46,684 527,047 RtrIl)d (ulldg Glory Hllr Benevolent Fund 5.067 (1,527) 50 1,577) 3,540 50 3,490 5,067 TOTAL FUNDS 530,536
MOUNT ZION CHIUSTIAN COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EIYDED 31 MARCH 2024 22 MOVEMENT IN FUNDS- o)ntlnued Nèt movemint In fund•i th¢luded STh th• •bov¢ f•Uowi.' R¢•oure exptadtd Movement reJour¢ unreAtrI¢l General futhd Mliilon* furtd Commllnlty Yovth TrfjJ¢el Iltsldlng A¢¢ount 284.19J 5.671 5,422 3,729 299,016 (246,85É) (4,583) (890) 31,335 1,088 4,532 3,729 46,684 (252,331) Re•trt¢t¢d fundi Clory 5,973 {7.499) 50 (7,549 (1,527) 50 5,973 T(yfAL FUNDS 304,9B8 (159,811) 45,107 Net mtsvrmaht In fundi btiwe¢n fundi At 1.&12 At Jl.J.23 Urtyeilrltied fundi General fund Mts#lort• Ind Cotymunlty Youth Projeel 456,862 6,006 971 16 463855 15,011 {6,988) 1,363 7,592 16,978 (1,453) 982 470,420 (0> 2,334 7,608 480,362 (471) Reitrf¢ted fundi Clory Ilollr BeneYol¢ut Futtd 7.159 597 (2,092) 1,068 3.160 5.067 471 471 5.067 TOTAL FUIYDS 471 13,818 48S429 25
MOUNT ZION CHRISTIAN COMMUNITY CHURCH NOTES TO THE Fll¥ANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 22 MOVEMENT IN FUNDS- wtlued Comparntho net nioveitteDt kn fumdi, thtluded ID the #bovt Ytu fdl•wi: Resourt expended ivlovemettt ID funds Unmtrlrted fvnd¥ General futtd Mtsilon8 Communlty Youth Prolert Holdlng A¢¢•unt 239.708 1,161 1,993 (224.697) (8,149) (630) 825 (234,301) 15,011 (6,988) 1,363 251280 16,978 Restrlcted fundi Clory Ilour Benevolettt Fund (2.242) (1092) 1,068 609 TOTAL FUNDS 251039 {238,221) 13018 Restrlcted funds Benevolent Fund To care for the church family Glory Hour Social fund for "seniorf church members Unrestrlcted Fund5 Mlsslons Fund Fund for mlsslonary activities Communlty Youth project To support local youth activities 26
MOUNT ZION CHIUSTIAN COMMUNITY CHURCH NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR E1NDD 31 MARCH 2024 23. RELATED PARTY DISCLOSURE5 There were no related party transactions for the year ended 31 March 2024 27