##
||||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|
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||||||||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|
##
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##
|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|