| Fage | ||||
|---|---|---|---|---|
| Rcport ofthc Trustccs | 1 | to | 4 | |
| tndependcnt Examiner's |
Rcport | |||
| Statcmcnt ofFinancial | Activities | |||
| Balance Sheet | 7 | to | 8 | |
| Notes to the Financial Statements | 9 | to | 17 | |
| Detailed Statement ofFinancial Activities | 18 | to | 19 |
| 31.3.21 | 31.3.20 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS | FROM | ||||||
| Charitable | activities | |||||||
| Voluntary | Income | 93,803 | 525 | 94+28 | 107,$30 | |||
| lnvcstmcnt | income | 21 | 21 | 81 | ||||
| Total | 93,824 | 525 | 94+49 | 107,911 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | |||||||
| Mortgage | interest | |||||||
| 6P,21 | 6,221 | 8,559 | ||||||
| Direct Church Expcnscs | 47,958 | 47,958 | 70,039 | |||||
| Governance costs |
720 | 720 | 600 | |||||
| Total | 54,$99 | 54,899 | 79,198 | |||||
| NFT INCOME | 3$,925 | 525 | 39,450 | 28,713 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 353298 | 3,018 | 356416 | 327,603 | |||
| TOTAL FUNDS CARRIED FORWARD | 392/23 | 3,543 | 395,766 | 356,316 |
| 312.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Rcstrictcd | Total | Total | ||
| funds | lunds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 366,032 | 366,032 | 384,890 | ||
| CURRENT ASSETS | |||||
| Debtors | IO | 68,479 | 68,479 | 47,858 | |
| Cash at bank and in hand | 41,432 | 3,543 | 44,975 | I I2,020 | |
| 109,911 | 3,543 | 113,454 | 159,878 | ||
| CREDITORS | |||||
| Amounts falling duc within one year |
l I | (10+12) | (I0+12) | (10,836) | |
| NET CURRENT ASSETS | 99,699 | 3,543 | 103,242 | 149,042 | |
| TOTAL ASSETS LFSSCURRENT | |||||
| LIABILITIES | 465,731 | 3,543 | 469,274 | 533,932 | |
| CREDITORS | |||||
| Amounts falling duc aAcr morc than one year |
12 | (73,508) | (73,508) | ( I77,616) | |
| NET ASSETS | 392,223 | 3,543 | 395,766 | 356,316 | |
| FUNDS | I5 | ||||
| Unrestricted funds: |
|||||
| General Funds |
|||||
| 206,769 | 167,844 | ||||
| Capital Fund | ]60,454 | I60,454 | |||
| Contingency Fund |
25,000 | 25,000 | |||
| 392,223 | 353,298 | ||||
| Restricted funds: |
|||||
| Sisters | 2P33 | l,7I5 | |||
| Brothers | 465 | 460 | |||
| Young Pcoplc | 583 | 583 | |||
| Junior Sunday School | 262 | 260 | |||
| 3,543 | 3,018 | ||||
| TOTAL FUNDS | 395,766 | 356,316 |
| 2. | INVESTMENT INCOM E | INVESTMENT INCOM E | INVESTMENT INCOM E | |||||
|---|---|---|---|---|---|---|---|---|
| 312.21 | 31.3.20 | |||||||
| Unrcstnc ted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| f. | ||||||||
| Deposit account intcrcst | 21 | 21 | 81 | |||||
| 3. | INCOME | FROM CIIARITABLE ACTIVITIES | ||||||
| 312.21 | 31.3.20 | |||||||
| Activity | ||||||||
| Tithes and | offerings | Voluntary | Income | 67,665 | 72,326 | |||
| Gift aid tax | refunds | Voluntary | Income | 20,622 | 13,219 | |||
| Donations | Voluntary | Income | 1,563 | 6,635 | ||||
| Event income | Voluntary | Income | 14 | 1,306 | ||||
| Room hire | Voluntary | Income | 1,800 | |||||
| Minibus | Voluntary | Income | 50 | 3,842 | ||||
| Covocation | Voluntary | Income | 2,534 | |||||
| Miscellaneous | income | Voluntary | Income | 3,8$9 | 1,047 | |||
| Sisters | Voluntary | Income | 51$ | 1,808 | ||||
| Brothers | Voluntary | Income | 5 | 460 | ||||
| Drop In Centre | Voluntary | Income | 70 | |||||
| Young People | Voluntary | Income | 1,999 | |||||
| Junior Sunday | School | Voluntary | Income | 784 | ||||
| 94/28 | 107,830 | |||||||
| 4. | CHARITABLE ACTIVITIFS | COSTS | ||||||
| Direct | ||||||||
| Costs (sce | Support | |||||||
| note 5) | costs | Totals f |
||||||
| Mortgage interest |
||||||||
| 6@21 | 6/21 | |||||||
| Direct Church | Expenses | 47,958 | 47,958 | |||||
| Governance | costs | 720 | 720 | |||||
| 54,179 | 720 | 54,899 |
| DIRECT COSTS OFC | HARITABLE ACTIVITIES | ||
|---|---|---|---|
| 310.21 | 31.3.20 | ||
| Depreciation | 18,858 | 19,577 | |
| Maintenance and security |
8,152 | 7,999 | |
| Ministry giAs and costs |
1,716 | 3,19$ | |
| Heat, light and water | 2,990 | 4,736 | |
| Insurance | 4,738 | 4,101 | |
| Office costs | 810 | 4,35$ | |
| Cleaning and hygicnc |
4,227 | 2,462 | |
| Bank charges | 432 | 706 | |
| Gifts and donations | 803 | 1,345 | |
| Media cquipmcnt | 1,858 | 4,556 | |
| Travel and transport | 475 | 4,3$3 | |
| Professional costs and registrations |
105 | 2,541 | |
| Telcphonc and postage | 1,137 | 1,074 | |
| Refrcshmcnts and hospitality |
1,425 | 1,071 | |
| Sundry | 3,$$$ | ||
| Sisters | 93 | ||
| Drop ln Ccntrc | 232 | l, l I I | |
| Day Ccntrc | 900 | ||
| Young People | 1,416 | ||
| Junior Sunday School | 524 | ||
| Intcrcst payablc and similar charges | 6,221 | $,559 | |
| 54,179 | 7$,59$ | ||
| NET INCOME/(EXPENDITURE) | |||
| Nct income/(expenditure) | is stated aAcr charging/(crediting): | ||
| 31.3.21 | 31.3.20 | ||
| Independent cxamincr |
720 | 600 | |
| Dcprcciation - owned assets | 18,858 | 19,577 |
| Notes to the Financial Statements - continued for thc Year Ended 3l March 2021 |
Notes to the Financial Statements - continued for thc Year Ended 3l March 2021 |
Notes to the Financial Statements - continued for thc Year Ended 3l March 2021 |
Notes to the Financial Statements - continued for thc Year Ended 3l March 2021 |
||
|---|---|---|---|---|---|
| COMPARATIVES FORT)IESTATEMFNT OF FINANCIAL ACTIVITIES | |||||
| Unrcstrictcd | Restricted | Total | |||
| funds | funds | funds | |||
| f. | |||||
| INCOME AND ENDOWMFNTS | FROM | ||||
| Charitable activities |
|||||
| Voluntary income |
102,709 | 5,121 | 107,830 | ||
| Investment Income |
81 | ||||
| Total | 102,790 | 5,121 | 107,911 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Mortgage interest |
|||||
| 8,559 | 8,559 | ||||
| Direct Church Expenses | 65,995 | 4,044 | 70,039 | ||
| Governance costs |
600 | 600 | |||
| Total | 75,154 | 4,044 | 79,198 | ||
| NET INCOME | 27,636 | 1,077 | 28,713 | ||
| Transfers betwccn funds |
(1,94I) | 1,941 | |||
| Net movement in funds |
25,695 | 3,018 | 28,713 | ||
| RFCONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 327,603 | 327,603 | ||
| TOTAL FUNDS CARRIED FORWARD | 353,298 | 3,018 | 356,316 |
| 9. | TANG IBLF.FIXED | ASSET | S | ||||
|---|---|---|---|---|---|---|---|
| Improvements | Fixtures | ||||||
| I'rcchold | to | and | Motor | ||||
| property | property | fittings | vehicles | Totals | |||
| COST | |||||||
| At 1 April 2020 and |
|||||||
| 31 March 2021 | 433,496 | 80+33 | 22,184 | 10,766 | 546)779 | ||
| DEPRECIATION | |||||||
| At 1 April 2020 Charge for year |
78)030 8,670 |
59+29 8,033 |
19)619 641 |
4,711 i/ 14 |
161,889 18,858 |
||
| At 31 March 2021 | 86,700 | 67/62 | 20,260 | 6/25 | 180,747 | ||
| NET BOOK VALUE | |||||||
| At 31 March 2021 | 346,796 | 12,771 | 1,924 | 4,541 | 366,032 | ||
| ht 31 March 2020 | 355,466 | 20,804 | 2,565 | 6,055 | 384,$90 | ||
| 10. | DEBTORS:AMOUNTS FALLING DUF. WITHIN ONE YEAR | ||||||
| 312.21 | 31.3.20 | ||||||
| Gift Aid | 68)479 | 47,858 | |||||
| 11. | CREDITORS: AMOUNTS | FAI.L)NG DUE WITHIN ONE YEAR | |||||
| 31.3.21 | 31.3.20 | ||||||
| Bank loans and ovcrdraAs (scc note 13) | 9,492 | 9,492 | |||||
| Accruals and deferred | income | 720 | 1,344 | ||||
| IO+12 | 10,836 | ||||||
| 12. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE | YEAR | ||||
| 31.3.21 | 31.3.20 | ||||||
| f | |||||||
| Bank loans (see note 13) | 73,508 | 177,616 | |||||
| 13. | LOANS | ||||||
| An analysis ofthe maturity ofloans is given below: | |||||||
| 31.3.21 | 31.3.20 | ||||||
| Amounts falling due within onc year on demand: |
|||||||
| Bank loans | 9,492 | 9,492 | |||||
| Amounts falling betwccn one |
and two years: | ||||||
| Bank loans - 1-2years | 9,492 | 9,492 | |||||
| Amounts falling due bctwccn |
two and five years: | ||||||
| Bank loans - 2-5 years | 28,476 | 28,476 |
| 31.3.21 | 313.20 | |||||
|---|---|---|---|---|---|---|
| Amounts falling due in morc than five years; |
||||||
| Repayable by |
instalmcnts: | |||||
| Bank loans morc 5 yr by instal | 35,540 | 139,648 | ||||
| 14. | SECURED DEBTS | |||||
| Thc following | sccurcd debts arc included | within creditors: | ||||
| 31.3.21 | 31.3.20 | |||||
| Bank loans | $3,000 | 187,108 | ||||
| Bank loans arc secured over thc frcchold | property. | |||||
| 15. | MOVEMFNT IN FUNDS |
|||||
| Nct | ||||||
| movcmcnt | At | |||||
| At 1.4.20 | in funds | 31.321 | ||||
| Unrcstrictcd | funds | |||||
| Gcncral Funds | ||||||
| 167+44 | 38,925 | 206,769 | ||||
| Capital Fund |
160,454 | 160,454 | ||||
| Contingency Fund |
25,000 | 25%000 | ||||
| 35389$ | 38,925 | 392+23 | ||||
| Rcstrictcd funds | ||||||
| Sisters | 1,715 | 518 | 2P33 | |||
| Brothers | 460 | 5 | 465 | |||
| Young Pcoplc | 583 | 5$3 | ||||
| Junior Sunday | School | 260 | 262 | |||
| 3,018 | 525 | 3,543 | ||||
| TOTAL FUNDS | 356316 | 39,450 | 395,766 |
| Incoming | Resources | Movcmcnt | ||||
|---|---|---|---|---|---|---|
| rcsourccs | cxpcnded | in funds | ||||
| Unrcstrictcd | funds | |||||
| Gcncral Funds | ||||||
| 93,824 | (54,899) | 38,925 | ||||
| Rcstrictcd funds | ||||||
| Sisters | 5]8 | 518 | ||||
| Brothers | 5 | 5 | ||||
| Junior Sunday | School | 2 | 2 | |||
| 525 | 525 | |||||
| TOTAL FUNDS | 94/49 | (54,899) | 39,450 | |||
| Comparatives | for movemcnt | in funds | ||||
| Nct | Transfers | |||||
| movcmcnt | bctwccn | At | ||||
| At 1.4.19 | in funds | funds | 31.3.20 | |||
| I: | ||||||
| Unrestricted | funds | |||||
| General Funds | ||||||
| 167,149 | 27,636 | (26,941) | 167,$44 | |||
| Capital Fund | 160,454 | 160,454 | ||||
| Contingency | Fund | 25,000 | 25,000 | |||
| 327,603 | 27,636 | (1,941) | 353,298 | |||
| Rcstrictcd funds | ||||||
| Sisters | 1,715 | 1,715 | ||||
| Brothers | 460 | 460 | ||||
| Drop In Centre | (1,041) | 1,041 | ||||
| Day Centre | (900) | 900 | ||||
| Young People | 583 | 583 | ||||
| Junior Sunday | School | 260 | 260 | |||
| 1,077 | 1,941 | 3,018 | ||||
| TOTAL FUNDS | 327,603 | 2$,713 | 356,316 |
| Incoming | Rcsourccs | Movcrncnt | ||
|---|---|---|---|---|
| rcsourccs | cxpcndcd | in funds | ||
| f. | ||||
| Unrcstrictcd | funds | |||
| General Funds | ||||
| 102,790 | (75,154) | 27,636 | ||
| Rcstrictcd funds | ||||
| Sisters | 1,808 | (93) | 1,715 | |
| Brothers | 460 | 460 | ||
| Drop In Centre | 70 | (1,111) | (1,041) | |
| Day Centre | (900) | (900) | ||
| Young People | 1,999 | (1,416) | 583 | |
| Junior Sunday | School | 784 | (524) | 260 |
| 5, 121 | (4,044) | 1,077 | ||
| TOTAL FUNDS | 107,911 | (79,198) | 28,713 |
| Nct | Transfers | ||||
|---|---|---|---|---|---|
| movcmcnt | bctwecn | At | |||
| At 1.4.19 | in funds | funds | 31.3.21 | ||
| Unrestricted | I'unds | ||||
| General I'unds |
|||||
| 167,149 | 66,561 | (26,94 )) | 206,769 | ||
| Capital Fund |
]60,454 | 160,454 | |||
| Contingency | Fund | 25,000 | 25,000 | ||
| 327,603 | 66,561 | (1,941) | 392,223 | ||
| Rcstrictcd funds | |||||
| Sisters | 2233 | 2233 | |||
| Brothers | 465 | 465 | |||
| Drop In Centre | (1,041) | 1,041 | |||
| Day Centre | (900) | 900 | |||
| Young People | 583 | 583 | |||
| Junior Sunday | School | 262 | 262 | ||
| 1,602 | 1,941 | 3,543 | |||
| TOTAL FUNDS | 327,603 | 68,163 | 395,766 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | cxpcndcd | in funds | ||
| Unrestricted | funds | |||
| General Funds | ||||
| 196,614 | (130,053) | 66,561 | ||
| Restricted funds |
||||
| Sisters | 2,326 | (93) | 2233 | |
| Brothers | 465 | 465 | ||
| Drop In Ccntrc | 70 | (I, I 11) | (1,041) | |
| Day Centre | (900) | (900) | ||
| Young People | 1,999 | (1,416) | 583 | |
| Junior Sunday | School | 786 | (524) | 262 |
| 5,646 | (4,044) | 1,602 | ||
| TOTAL FUNDS | 202,260 | (134,097) | 68,163 |
| for thc Year Ended 3 | 1 March 2021 | |
|---|---|---|
| 31.3.21 | 31.320 | |
| INCOME AND ENDOWMENTS | ||
| Invcstmcnt income |
||
| Deposit account interest | 21 | $1 |
| Charitable activities |
||
| Tithes and offerings | 67,665 | 72P26 |
| GiA aid tax refunds | 20,622 | 13,219 |
| Donations | 1,563 | 6,635 |
| Event income | 14 | 1,306 |
| Room hire | 1,800 | |
| Minibus | 50 | 3,842 |
| Covocation | 2,534 | |
| Miscellaneous income |
3,$89 | 1,047 |
| Sisters | 518 | 1,$08 |
| Brothers | 5 | 460 |
| Drop In Ccntrc | 70 | |
| Young People | 1,999 | |
| Junior Sunday School | 784 | |
| 94+28 | 107,$30 | |
| Total incoming rcsourccs | 94+49 | 107,911 |
| EXPENDITURE | ||
| Charitable activities |
||
| Depreciation | 18,858 | 19,577 |
| Maintenance and security |
8,152 | 7,999 |
| Ministry giAs and costs |
1,716 | 3,19$ |
| Heat, light and water | 2,990 | 4,736 |
| Insurance | 4,738 | 4,101 |
| Office costs | 810 | 4,358 |
| Cleaning and hygicnc |
4,227 | 2,462 |
| Bank charges | 432 | 706 |
| GiAs and donations | 803 | 1,345 |
| Media cquipmcnt | 1,858 | 4,556 |
| Travel and transport | 475 | 4,383 |
| Professional costs and registrations |
105 | 2,54] |
| Tclcphonc and postage | 1,137 | 1,074 |
| Rcfrcshmcnts and hospitality |
1,425 | 1,071 |
| Sundry | 3,$$$ | |
| Sisters | 93 | |
| Drop In Centre | 232 | 1, 1 I I |
| Day Ccntrc | 900 | |
| Young People | 1,416 | |
| Junior Sunday School | 524 | |
| Bank loan interest | 6$,21 | |
| Carried forward | 54,179 | 70,039 |
| Zion City Tabernacle | ||||
|---|---|---|---|---|
| Detailed Statcmcnt ofFinancial Activities | ||||
| for the Year Fndcd 31 March 2021 | ||||
| 31.3.21 | 31.3.20 | |||
| Charitable activities |
||||
| Brought forward | 54,179 | 70,039 | ||
| Mortgage | 8,559 | |||
| 54,179 | 78,598 | |||
| Support costs | ||||
| Governance | costs | |||
| Indepcndcnt | cxamincr | 720 | 600 | |
| Total resources | cxpcndcd | 54,899 | 79,198 | |
| Nct income | 39,450 | 28,713 |