REGIERED COMPANY NUMBER: 07534895 {Engl8nd and Wales) REGISTERED CHARITY NUMBER: 1141055 Report of the TrMt¢u *nd Uniudlted Fln•nd•l Ststements for the Yt•r Ended 31 M#r¢h 2024 ror Zlom Clty Tibernde Dalton Pmloe Limited Chartered Accountanis 794 High Street Kingswinford Wesi Midlan(ts DY6 8BQ
ZIOD Clty Taberniele Contents oftht Fln*nelal Ststements for tht Yeir Ended 31 Mareh 2024 Page Report of the Tru$te¢$ I to 5 Independent ExAmlner'i Report St•tement ofFlnintl#l Aetfvltles Balan¢¢ Sheet Notej to the Fln#nelAI Statem¢nts 10 to 16 Dotglled St8tom¢nt of Flnan¢lal A¢tlvltloJ 17 to 18
Zlon City TabeTng¢1¢ R¢port of the Trustee5 ror the YtAr Ended 31 MArch 21124 The trn51ee5 who are also directors of the charty for the purposes of the Compftnies Act 2006. present their report with the financial statements of the charity for the year ended 31 Mar¢h 2024. The tru5t¢¢s have adopted the provisions of Accounting and Reporting by Chariii¢s'. Statement of Recommended Practice appli¢oble lo charities preparing their oUn1$ in AordanCe with the Finan¢io1 Reportin8 Stsndard applicable in the UK and Republi¢ of Ir¢lond {FRS 102) (effective l January 2019). OBJECTIVES AND A[VITIEs Objeetlvos and alms The Chur¢h's primary goal is th&1 of the &dvonc¢meni of the chrIlan Faith. The principal chari¢able purposes of ihe Company in accordance wilh the objects of the Memor8ndum ftnd Articles of Association are the advan¢¢mcnt of the Christian faith: lhe furtherance of religious ¢ducation; the rellef ofthe poor and needy. the relief of the sl¢k and elderly and for ihe benefit of other charitsble bodi¢s and institutions ihe Dire¢iors in Ih¢ir ab501ute discretion see fil. When planning our lIvI¢¢¢$ for thc year we hove ¢onsid¢r¢d the Commission's 8uidBnce on public benefit and In porticular 8uidancc on ¢hari¢ies for Ihe advancement of ligiOn. The Board is satisfied that thc Churth Contlnues io provide a public benefit to Bll thosc with whom the Church ha5 ¢on¢aci. On¢ example of this amongst many is the provision ora place for publ5¢ worship towards God. Accessible to mernbers of the 8¢nernl public. Mlsslon Stitement To love God iotolly Bnd SPTead ihe gospel of Jesus Christ to the entire world, Zion City Tabemacle is commiti¢d to preaching the gospel of J¢sus Chris( and demonstrating his 8r¢* love for people in ways lhat ore pra¢li¢810$ well Bs ypiritual. The desire is.. For all people io come io ih¢ knowled8e of the Lord Jesus Christ 85 personal Savlour ror broken lives and ¢ommuni¢ies io be healed To reach across racial and social b8rri¢rs, and present a ¢hur¢h th8t reflects the communlty To help make a true and long lestin8 Impaci on people's lives, Meing splritU81, emotional. $oclal and phy3lcal needs, Htstory ThE church 51arf¢d on 9 Nov¢mber 2008. holding r¢8ular Services llt the Roylll Wolverhgrnplon Schi)ol, Penn Road. and Wolverharnplon. The leadership compri5e5 of four elders ond three si8natories. The ¢ld¢rs (Pastoral Board) were re8ponslble for spiritual oversight of the church. while th¢ s18natories have the hands on responsibility of mann8in8 the finm¢e as agreed by ihe eniire boord. By creating p distancc between th¢ Pa51oral Board and day io day financial Bdmini5tration, the ¢hurth 59ught to avoid the pitfalls that have befallen many other wngregationg, This Jllowed the elden to be focu8ed on evangelism ond dis¢ipleship. Thls same arrangement continues lo serve the church WEII to ihis day. ¢n5urin8 that the Kln8dom of God remains al the heart of the church's purposc. Page I
Zion City Tabernaeie Report of the Trustees ror the Yer Ertded 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitable activitie5 Firstly, we are grnieful to Gfyj WI make5 all things possibk. We are a150 grnleful to all th¢ m¢mbers of our church. led by th¢ Tnwees and the Pastoral T¢am. who all have worked tireles51y together to achieve this remarkable milestone. We are 8Meful to the very rnany members of the general public who hwe also contributed because thry believe An whai we are doing; their help has been siEnifi¢ant. Current Works and Future Plan5: W¢ re¢ognis¢ th41 $i1r1¢an1 repairs are urgently wUlr to the church and irs surrounding iiuildings. In order for us to continue to operate in a saf¢ ¢nvironment we have a numb¢r of ongoing proie¢ts which have been completed or are on8oin& Completed Prnjects: - ccrv - We have invested in CCTV around the periphery of the building and car park. This is a monitoring system with 24n r¢cording and playback (if required). Along with the CCTV, • fire alarni system has been fitted vknich replace5 the ¢18xon alarni System. - De¢ora(ion and RerbIShrncnt- The co4¢h house. training Too and lilxary have all been fully dewrawl throughout with new flooring. In addiiion. we have made EId yse of th¢ floor space. wh¢reby there is now access to the trninin room from the reception. - Patio ar¢a- We take health and safety very seriously. W¢ have replacd th¢ whole patio area at the front ofthe church including the step5 with n¢w robust block pavin& This is a vast improvement to the visual look of the thub. s¢ty railings are also in place and at the side of the coach Ihjuse. This will ultimately suppjrt access io the buildnw. An oneolng prognm of iJn to be eompleted In 21125: - Church Roof- A joint effort berween PP Survcym aThJ the zcr Board has drawn up detailed plan$ and specification$ of whal is required to replace the existing roof. StOtus- We are currenily sourcing roofin8 conirnciors to complde a full r¢pair on th¢ rwf. - Porta Cabins- Planning has also be¢n submitted and approv¢d for the replacement of the 2 pona ¢abin4 with 3 this will enable us io uiilise ihe space cffe¢tiv¢ly for our Sunday school c]a55¢$ and other 11 events. St2tus- We are CUTrenily sourcing 3 uni¢S for r¢pla¢ement - Tree Removal- We hav¢ alerted WolveThamplon pknnning department regarding th¢ removal of the tree ot the front of the church. We understsnd this has a preservaiion order on IL How¢ver, the tyee is visually leaning into th¢ road causin8 the supporting wall to bow out. This has been reported to th¢ ¢oun¢il to have it removed under Health and Safety artd to safeguard the public and nM)WTiSts fr(th the tree falling into th¢ road and possibly ering lift or causing significant hrn CwTent siatys planning applicalion for removal h&$ io be complded aTKI accompanied by an assess¢ report by a qualified individual and submitted to Wolv¢rhampton Council- Partially compl¢t¢d Future Pl4ns for Con$iderntloD: - Having clearer disabled parking zones near disabl¢d a¢ points into the thwch and surrounding buildings. Overarching •nd Coitlnues Outcome - S¢e more souls born inio God's kingdom through th¢ pr¢4¢hing of the Gospel of Jesus ChrisL - Biblical t¢a¢hin& ¢Mphl9 on disciplc5hip Wdinin& and hous¢ group fellowshi A¢tivitles: Our commithjeni to suppoff ing and providing for the needs of our community Temains unwaveTin& W¢ wnlinuc to bave and support various cornmunity projects under the umbrella of the Charity for insthnce.. - Day Centr¢ Page 2
ZAOD City Tbern#¢ie Rert of the Trustee5 ror the Year Ended 31 Marth 2024 - Mental Health dropin centre - B¢reavemem group Additionally, we have had a rnn8e ofaaivities thrghCJt the Jrjr includin& - Party in the park. - Afternoon ie - Black History Exhibition Chrlstms Day Outreaeh- This 15 our Inrtu81 christin Day initiative wheTE we open our doors and provide mtaly to members of the general public. This event includes a tskeaway aDd delivery service. where needed. We a]$0 opera¢e a befriending 5¢ry1 via tekply)ne to help alleviate lontlines5. Fund RAisSng and ZCT 16th AnNiver58ry Ball - This event wary an ul¢imatr succe4 held at the Molineux F¢)otball Sradium. noi only did we raise Silfica for the but the enga8mtht and fellowship with family. friends, and strangers was outs¢anding. FutUT¢ pl4ns S¢¢ more souls born into God's kingdom thT the preaching of the Gospel of Jesus ChrisL Nurture believers and equip them for effective servic< through the provrsion of a balanced Prosptu5 of Bibli¢o1 ¢eachin& emph&%is on discipleship trdinirJ& and house group fellowships. Review plans for the structure of our EIldingS and agree actions will best allow us to continue and where possible improve on our environmcnL Continually review community initiativ¢% eomparing perceived need with aydilable resou including rinan¢¢ and volunteers. Our commitment to 511PPOrting and provtding for the needs of our community remains unwaveTing. FINANCIAL REVIEW Sumrnary of results for the yur Charithble income and bank interest tots]l¢d £108.836 for the )r4r iTr¢omparisrn 10 £96.559 achie1 in 2023. Oyerall expenditure redw¢ed from £68.441 in 2023 to £58,663 ID the year wider review resuhing irt an overnll t)et incomelSUTplus of £50,173 for the year (£28,118 .. 2023). After providing for depreciation of fixed assets as detailed in notes l and I I to th¢ awounts which amounted to £l1.187 the written down valu¢ of th¢ charitys fixed a55¢ts f¢ll from £329.797 to £318,610. Cash at bank increased over the ycar from £93.937 to £IT2.246 Overnll the ¢hariWs funds in¢re&sed over the year from £456225 to £506.398 Reserve5 poliry The church ha5 Us1 some of the re%rves for fuTther refi1rbishmf w(*k intends to build up reserves towards building expansion. The Church ha5 Pledg to build up a contingency reserve a view to having enough to cover nonnal outlays for a minimum period of 6 months.
Zlon City Tab¢rnacle Report ofthe Trustees Tor th¢ Y¢•r Ended 31 MaT¢h 2Q24 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing do¢um¢nl Zion Clty Tabemacle's primary Gov¢rnan¢¢ document is its Memorandum and Artl¢les of Association incorporated on 18 FebTuary2011. The Church i4 ¢onstiwied as a Charitable Company Limited by Guarante¢. The dire¢tors. who gre also trustee$ of the church, are selected in accordance wlth th¢ Arti¢les of Association. Due to the size and nature of the Church, we h&ve 0p¢¢d an infornial trdining ond induction proce55 for new Dir¢etors. This is 8chieYed through in¢eraction with the exi91ing Director5 and through Ihe provision of Curreni docum¢niaiion on the rol¢ and r¢sponsibilitiC5 of Directors provided by ihe Chariry Commission. Oryanls*tlonal structur¢ The Church is organised so ihar ihe Directors meet re8ularly to manage 115 affair5 in Ilne with ils objective5. Meetings are held lo refl¢¢l on recent evenis. review the current status of the church. and io plan for future development includin8 strategies and financial plonnin& BoArd Struetur¢ Trustees: rrom our last repon. we hove p new brArd of trnstee$, all wlth $IlfICant role5 and re$ponsibilitle5. All new board m¢mb¢rs were elected by a fair ond comprehensive voting system. The directors, who Bre also trustee8 of the church, are selected in Jccordgn¢e wlih the Artlcles of Asslation. Our ZCT charity boord is made up of the followin8 trustees: Julie Samue15- Chalr - Val Orr Moni¢a Flgsh - Roberto Gogan Jockie Cooper Trustees on the board also in¢lude minister5 from our pasiorgl team,. Bishop Windsor Queensborough D¢rri¢k C8mpb¢ll Kenneih Brown Orville Potter Marion Potter Blanford Wright Re518n%tloni: Carol Codner and Donald Brown both resigned from th¢ir Tespec¢iv¢ positions on the board on the Isl July 2023. However. we continue to work as a tearn to ensure ihe ¢harity d¢liver5 on its Tespon$ibilitie$ as outlined in the 8overning statement for the charity. The Annual AGM The 8nnual AGM is scheduled for Sunday 26th January 2025. REFERENCE AND ADMINIST114TIVE DETAILS Reglsttrcd Company number 07534895 (England and Wgles) Re8islered Charlty number 1141055 Reglstered offiee 126 Compton Road Compton Wolverhampton W¢51 Midland5 WV3 9QB Page 4
Zion Clty Tabern#¢le R¢port of the Truste¢s ror the YtAr Ended 31 March 2024 Trustees Ms C J Cothicr (resigned 1.7.23) W R Queen5borough D A Brown (resigned 1.7.23) D D Campbell K A Roswess-Brown O A Poll¢r D A Low (resigned 1.7.23) Mrs J P Somuels - Ch&ir (appoin¢¢d 2.7.23) B L WTight (appoini¢d 1,9.23) Mrs M M Potter (appointed 1.9.23) Mi53 M M Flash (appoinl¢d 2.7.23) Mrs J Cooper (appoinied 2.7.23) R Goc8n (appointed 2.7.23) Mrs V E Orr {&ppoinied 2.7.23) Indcpendenl Examln¢r Colin Dalton fcA Dalion Pardoe Limited Chartered A¢¢ountani$ 794 High Street Kingswinford West Midlandy DY6 8BQ This r¢port has been pr¢pAr¢d in a¢¢ordan¢¢ with the Special provislons of Part 15 of ihe Companies Aci 2006 relatin8 io small ¢omponi¢s. Approved by order of the Iard of trusiees on............ and sI¢d on its behalf by: rs J P Samu¢ls - Chair- Trustee P4ge 5
Indtpendent Examiner'5 Report lo the Trustee5 or Zion City Tabcrnacl¢ Independent examintr's report to the trustets ofzion City Tabtrnaele ('the Company'} I report lo ihe charily Irusiees on mv exarninaiion ofihe accounls of ihe Company for ihe year ended 31 Mah 2024. Rc5pon5ibilitics and basis of report As Ilic cliarily's irustees of the Company (and a150 lis directors for the purposes of company law) you arc r¢sponsible for Ihe prcpara¢ion of ihe accounts in accordance wilh ihe requirctnents ofihe Companies Act 2006 (Ihe 2006 Aci.). Flaving sali5fied myself Ihai ihe accounts of ihe Company are noi required 10 be audiicd undcr Part 16 of ihe 2006 Act and arc ¢ligiblc for independent examinaiion, I report 111 re5peci of my examination of vour cliarii} 5 ac¢ount5 a5 carried uui undcr 8cciion 145 of the Chariiies Aci 2011 I'th¢ 2011 Aci.). In carying oui my examination I havc folloivcd Ili¢ l)irLciions givcn by ihc Charity Commission under Scciion 145(5) {bl of ihc 2011 Act. InilL'pendenl cxaminer's stAt¢m¢nl I hclvc cornplcied my cxaminaiion. I confimi ihai no maiicrs have come to my attcnlion in ¢onneciion wilh (he cxainiiialion giving tnc Cduse to belicyc.. accounting rccords w¢r¢ noi kepi in respcci ofihe Company as required by S¢ction 386 ofihe 2006 Aci,. or the 4Lccounls do noi accord wilh ihoso rccords., or Ihe accounts do noi ¢omply wi¢h ihe accouniing rcquircments of Scclion 396 of ihe 2006 Act o¢h¢r ihan uny Tcquircmcni ihai lh¢ a¢¢ounis give a and fair view which is noi a mailer considered as pan of an indcpcnd¢nt examinaiion., or Ihc accoun¢5 have not been prcpared in accordan¢¢ wilh the mcthod$ ond principles of Ihc Siatcmcnl of RccL)mmcndcd Prdciice for ac¢ouniing and rcponing by charities (applicablc to charili¢s preparing (heir accounis in accordunc¢ with the Financial Reporting Sthndard #pplicablc in the UK and Republic of Ircland Il".RS 102}1. I havc no concern5 and have Come across no oihcr matlcrs in ¢onneciion wilh thc examination io which aiiention should bc drdivn in Ihiy rcp¢)n in Order io cDDbl¢ a proper undcrsianding of ihe o¢counis 10 bc reached. Colin l)alton fcA Dalion Pardoc Limiied Chdrtered Accounianis 794 1 ligh Str¢cl Kingswinford Wc51 Midl£inds l)Y6 813Q Dalc.. Iq Iz Pagc 6
Zlon Clty T&rnatI¢ Statement of Financlal Activities lor th¢ Yewr Ended 31 MArch 2024 31J.24 TDt•l funds 31.3.23 Total funds Unre5tri¢ted fijnds Restricted fvnds Note5 INCOME AND ENDOWMENfs FROM Dono¢ions and legaeies 105271 947 106.218 85.657 Ch#rltAble a¢tlvltles Voluntary Income 4,046 Other irnding ACtivilie5 Investrnenl income lJ78 1339 lJ78 1339 6,720 136 Tothl 107,888 947 1118,835 96,559 EXPENDJTURE ON Charilablt Aellvllles Direa Church Cxpens¢s Oovernancc costs 51,445 960 6,258 57.703 960 67.481 960 Tol41 52,405 6,258 58,603 68,441 NET IYCOMEI{EXPENDITURE} Trhngfers between funilj 55,483 (2,558) (5JJ l) 50,172 28.118 15 Net movtment In fund$ 52,925 12,753) 50,172 28.118 RECONCILIATION OF FUNDS Totil fund$ brou8h¢ forward 448J57 7,868 456,225 428,107 TOTAL FUNDS CARRIED FORWARD 501,282 5,115 506 J97 456,225 The notes forni of th¢se financi81 siatemenls Page 7
Zlon Clty TaberThaele Balance Sheet 31 M8rch 2024 313.24 Total funds 31.3.23 Total funds Unrestricted nd5 R¢strici¢d fvnds Note$ FIXED ASSETS T4n8ible oss¢ts 318,610 318,610 329.797 CURRENT ASSETS Debtors Cosh ai bonk and in hand 12 16,500 167,131 10,500 172,246 33,452 93,937 5,115 183,631 S,1 IS 188,740 127J89 CREDITORS Amounts fallin8 due within one year 13 (959) (959) (961) NET CURRENT ASSETS 182,672 5,115 187.787 126,428 TOTAL ASSETS LESS CURRENT LIABILITIES 501,282 5,115 $06J97 456,225 IYET ASSETS 501.282 506J97 456,225 FUNDS Unre$tri¢ied funds., Generol funds Clpital Fund Contingency Fund 15 157,671 318,611 25,000 114.964 308,393 25.000 501382 448.J57 Re$irict¢d fvnds: Sisters Drop In Centre Young People Junior Sunday Sch¢)ol Suntlower Berevement Earthquake fund H¢lpin8 Hand Fund Minibus I37 3,139 38 102 946 347 1,175 823 1.298 14 888 1,175 823 678 5,115 7,868 TOTAL FUNDS 506,397 456,225 The Charitable ¢ompany 1$ entitled to exemption from audil under Section 477 of ihe Companies Act 2006 for the year ended 31 March 2024. The member5 have not r¢quir¢d the company to obtain an audit of its financial statements for the year ended 31 March 2024 in a¢cordan¢e with Section 476 of the Companies Aci 2006. The nole5 form pirt of th¢s¢ financial statcment$ Page 8 continued...
Zion City TAb¢rn8cle Balance Sheet- ¢OntIn¢d 31 March 2024 The tNst¢¢5 acknowledge their responsibilities for (a) ensuring that lhe ¢Inble company keep$ a¢¢oun¢iD8 records that comply wilh Sections 386 and 387 of the Companies Act 2006 and (b) Preparing fmancial 51atements which give a true and fair vi¢w of the state of affairs of th¢ ¢harithble company at the ¢nd of each finan¢ial year and of its surplus or d¢fieit for each financial Ye in a¢¢ordance with the requirements of Section5 394 and 395 and which oiherwi5e comply wilh the requirements of the Companies Act 2006 r¢latinB io financiol statements, so far as applicable io the charitable ¢ompany. These financial statements have been prepar¢d in a¢cordance wlth the provisions applicable to charitable MpanIes subject io the small companies regime. The financ 41 srai¢ments were approved by Ih¢ Board of Trnsiees and wthorised for issue . and were signed on 115 bchalf by- J P Samuels . Cliair- Trustee The note5 form part of iheK financidl statements Page 9
Zion Clty Tabernac Notos to the Flnancial StAtem¢nts for the Year ETrd¢d 31 Mar¢h 2024 ACCOUNTING POLICIES BAs1$ of pr¢p¥rlng the flnanelal statements The financial 5tat¢m¢nls of the charitable company, whi¢b 1$ o public benefit entity und¢r FRS 102, have be¢n prepared in accordance wilh ihe Charities SORP (FRS 102}'Accouniin8 and R¢portin8 by Choriti¢s: Ststement of Recommended Prnclic¢ applicable io charities Pparing iheir accounts in accordanc¢ wilh ¢he Fingncial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Siandard applicable in the UK and R¢publi¢ of Ir¢land' ond the Companie5 Aci 2006. The finan¢i•l statements hAV¢ be¢n prepared under the historical ¢0st ¢onveniion. Intorne All income is re¢ognised in the Statemeni of Flnon¢ial Activitie5 once thr charity has entitlement to th¢ fund$, il Is probnble that the income will be received and the amoun¢ can b¢ measured reliably. Expendlture Liobiliries are recognised as ¢xFndiiure as soon as there Is a legal or constructiv¢ obligation cornmitting the ¢hAriry io ihat expenditure. it is probable that a rransfer of economic bcnefiis will be required in Settlement and the Amount of ihe obligation can be measured reliably. Expgndilure is account for on an a¢¢Nal$ b85is and has been classified under hcading$ ihai aggregate all cost Telated io the ¢•tegory. Whcre ¢051s canno¢ be dire¢ily ottribul¢d to particular headings they have been allwated io aciiviil on a bBsis consi51ent with the use or r¢sourc¢s, TonElble flxod 8sJels tkpreciation is provided at th¢ followln8 annual rAies in ord¢r to wrlte off each asset ovw its o51irnated useful Freehold property Fixmres ond fittin85 Mo¢or vehi¢le$ 2% on cost 25% on reducing balince 250A on reducing balonce T4yA¢lon The charity is exempl from cojporalion tax on its chariiable acliviiies. Fund accountin8 Unrestricted fund5 can be used In ac¢ord8nce wilh ih¢ charitable objectives Al the discretion of th¢ tsuste¢s. Restrid¢d fvnds ¢gn only be used for particular restricied purposes within the objects of the Charlry. Restrictio arise when specified by ihe donor or when funds are nised for particul8r restricted purposes. The capital fvnd is made up of the value of ihe flxed assets less the outsthndin8 mortBa8e. Golng conc¢rn Th¢ dire¢¢ors ¢onsid¢r that the charity remains vlable for the year ahead. Page 10 continued...
Zion City TaberThade Notes to Ihe FIDaDell StateTh¢ots- ¢•ntlDued for the Year Ettded 31 Mr¢b 2024 I)ONATIONS AND LEGACIES 31J.24 Total runds 31.3,23 Total fijnds Tithes and offerin Gift aid tax refvnds Oiher gifts and donation5 8&171 1&949 88,171 16949 1,098 69.559 1,476 14.622 947 105371 947 1116318 85.657 OTHER TRADING A1VITIEs 31J.24 Tot¥1 nds 31.3.23 Total funds Unre5tri¢ted Restricted fimds fijnds Other Sundry income lJ78 lJ78 6,720 INVEsfMENf INCOME 31.324 Total funds 31.3.23 Total funds Unr¢strici funds Restrirtcd Deposit account inierest 1339 lJ39 136 INCOME FROM CHARITABLE A1VITIEs 31J24 31.3.23 A¢iivity Volunw Income Minibu5 4.046 CHARITABLE A[VITIEs cosrs Direct Costs (see noi¢ 7) Support Tota]s Direct Church Expenses Governan¢e ¢osts 57.703 57,703 960 960 57.703 960 58,663 Pag¢ll continued...
Zion City T•bernaele Notrj to th¢ Flnantknl StatewtDts- eontlnued ror th¢ Ye*r Endtd 31 March 21)24 DIRECT cOs OF CHARITABLE A1VITIEs 31J.24 31.3.23 Depreciation Maintenance and security Mini5ty gits and costs Heat. light and water Insurance Office costs Cleaning and hygiene Gifts and donation$ Media equipment Travel and transport Professional costs and re8isiraii(N15 Refr¢shm¢nts and hospitality Sundry Sisiers Brothers Drop In Ctr¢ Young People Junior Sunday School Helping hand fijnd Sunflower B¢r¢ov¢ment Minibus Interest Pable llnd sirnllAr ¢hwges 11,186 4,711 3,974 705 4,107 1,493 4,772 3.981 971 375 1365 2,748 4,126 J,9SO 748 1340 323 59 17,916 4.506 6,980 5,618 3.662 2,549 7.629 1.806 2.107 2,748 1.836 3.891 719 1.070 1,169 1.062 520 lJ18 620 1,031 1,529 57.703 67,481 NET INCOMEI(EXPENDITURE) Net incorne1(eXp1IUTt) 1$ sw¢d olkr char8inW(credilin&)'. 31.324 31.3.23 Independent ¢xamin¢r Depreciation . owned 8sMs 960 11.187 960 17,916 TRu£Es. REMUNERATION AND BENEFITS There were no tnute¢s' remuneration or other benefits for the year ended 31 Mw¢h 2024 nor fol th¢ y¢ar end¢d 31 Morch 2023. Trns¢' txpensej There were no tntte5. expenses pfiid for th¢ yr8rended 31 March 2024 nor for th¢ y¢ar ended 31 March 2023. Page 12 continued...
Zion City Tabern#el¢ Notes to the Flnanclal Statements- ¢ontlnued for th¢ Year Ended 31 Marth 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fijnds Restri¢led funits Total fvnds INCOME AND ENDOWMENTS FROM Donations and legacie$ 80.077 5.580 85.657 Chirltablc actlvltlcs Voluntary Income {180) 4,226 4.046 her trading o¢livilies Investhienl income 6,720 136 6,720 136 Totsl 86,753 9.806 96,559 EXPENDITURE ON Ch8rltAble a¢ilviil¢s Direct Church Expensej Gov¢rnan¢¢ costs 60.748 960 6,733 67,481 960 TolAI 61,708 6,733 68,441 NET INCOME TrAnsfers between fvndi 25,045 (989) 3.073 989 28,118 Net movefflcnt In fundi 24.056 4,062 28.118 RECONCILIATION OF FUNDS Tothl fvnd$ broughi forward 424.301 3.806 428.107 TOTAL FUNDS CARRIED FORWARD 448,357 7.868 456,225 TANGIBLE FIXED ASSETS Fixtures gnd rittin8S Freehold property Motor Ychicle5 Totals COST At l April 2023 and 31 March 2024 513,829 22,184 10,766 S46,779 DEPRECIATION Ai l April 2023 Charge for year 187,068 10,277 21,102 271 8,212 639 216,982 11,187 At 31 March 2024 197,945 21J73 8,851 228,169 NET BOOK VALUE Al 31 March 2024 31S,884 1,915 318,610 At 31 March 2023 326,161 1,082 2,554 329,797 Page 13 continued...
Zion City T#b¢rnAelt NotCS to th¢ Flngne121 Statem¢nts- Contlnued for the Year Ended 31 M*reh 2024 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Gift Aid 16JOO 33.452 13. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.24 31.3.23 Aru18 ond deferred incorne 959 961 14. SECURED DEBTS Bank loans are se¢ured over the freehold prop¢ffy. 15. MOVEMENT IN WUNDS Nel movcmeni in funtts Transfers b¢n¥een fvnd$ At 31.3.24 Ai 1.4.23 Unre$trl¢ted fundi General Fund3 Copital Fund Conilngcncy Fund 114,964 J08,393 2S,1100 55,483 (12,776) 10,218 157,07] 318,011 25,000 448,357 55,483 (2,S58) 501382 Rejlrletrd funds Sisl¢r5 Brothers DTOP In C¢nire Young People Junlor Sundoy S¢hool Sunflower Berevem¢nt Eanhquake fund 14elping Hand Fund Minibus 3,139 (1,602) {549) (1,075) (88) (58) (lJ19) 1.537 549 1,037 102 940 347 1,175 823 1398 14 888 972 1,175 823 678 (620) 7068 (sJii) 2.558 5,115 TOTAL FUNDS 456,225 50,172 506,397 Page 14 continued...
Zlon City Tabernacle Notes to the Financial Stat¢Thents- ¢on¢lnucd for the Year Ended 31 MArch 2024 15. MOVEMENT IN FUNDS- ¢ontinued mov¢m¢nl in fvnds. included in ihe above are 85 follows: Incoming resources Resour¢¢s expended Movement unrtrIcted fund$ General Funds 107,888 (52,405) 55.483 RH¢rlcted fund5 Sisi¢rs Brother5 Drop In Centre Young People Junior Sunday School Sunflow¢r BereY¢m¢nt Minibus 348 199 165 235 <1,950) (748) (1,240) (323) (59) (1,318) {62(J) (1,002} (549) (1,07S) (88) (58) (lJ19) (620) (i) 947 <6358) (sJi i) TOTAL FUNDS 108,B35 {58,663) 50,172 Comparatlves for fflov¢m¢nl In funds Net movem¢nt in funds Transfer8 betwecn nds At 31.3.23 At 1.4.22 Unrcstrlcled fundi G¢n¢r81 funds Capit&l fund Conlin8¢n¢y Fund 90,908 308,393 25.000 25,045 (989) 114.964 308,393 25.000 424.301 25,045 (989) 448.357 Restrlft¢d tsndg Sisters Brothgrs Drop In Centre Young People Junlor Sunday School Carers Group Sunflower Berev¢menl Earthqiiakc fund Helping Hand Fund Minibus 1.807 491 1,332 (560) 1882) 1521) 91 3.139 69 920 38 102 946 623 855 30 (Jo) 347 1.175 793 1.298 347 1.175 823 1,298 30 3,806 3.073 989 7.868 TOTAL FUNDS 428.107 28.118 456225 Page 15 continued...
Zlon City Tab¢rn$¢le Not¢5 to the Fininei#l Statements- continu¢d for the Year Ended 31 MArch 2024 Is. MOVEMENT IN FUNDS- continu¢d Comparative net movement in funds. includ¢d in the above art as follows.. Incoming r¢source5 Resour¢es Movement expended in fijnds Unr¢slricted funds General funds 86.753 (61.708) 25.045 R¢stri¢t¢d funds Sist¢rs Brothers Drop In Centre Young People Junior Sunday S¢hool Sunflower Berevemeni Earthquake fund Helping Hartd Fund Minibus 2,402 609 180 (1.070) (1.169) (1,062) (520) lJ32 (560> (882) (521) 91 347 1,175 793 1298 347 1.175 957 4.046 (164) (2,748) 9.806 (6,733) 3.073 TOTAL FUNDS 96.559 (68,441) 28,118 16. RELATED PARTY DISCLOSURES Thcre were iio related party tronsactions for year ertd¢d 31 March 2024. Page 16
Zlon Cily T4bernaeIe Dclailed Slatement of Finanelal Aetivitie5 for th¢ Year Ended 31 M*rch 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donitlons and If¢#¢l Tiihes and offerings Gift aid lax refijnds Othcr gifts ind donaiions 88.171 16,949 1,098 69,559 1.476 14,622 106218 85,657 Other Irgdln8 gctlvllley Other sundry incom¢ lJ78 6,720 Invtment Income Deposlt ac¢ouni inieresi 1.239 136 Ch8rll4bl¢ a¢tlvllle$ Minibus 4.046 Total Ineomlng rfsour¢¢i 1118,835 96.559 EXPENDITURE Chgrltable attlvllles Depreciation Main¢¢nance and security Mlnistry gifts and costs 14e#i, ligh¢ and wai¢r Insurance o(ric¢ ¢osls Cleaning and hygiene Gifts ond donations Media ¢quipm¢nf Travel and tran5POrt Prof¢ssion41 costs and registralions Refreshmen¢s ond hospiiolity Sundry Sisicrs Brothers Drop In Centre Young People Junior Sunday School Helping hand fvnd Sunflower Bereavement Minibus Bank loan inieresi 17.916 4.506 6,980 5,618 3,662 2.549 7.629 1,806 2.107 2,748 1,836 3,891 719 1.070 1,169 1.062 520 4,711 3,974 6,705 4,107 1,493 4,772 3,981 971 37$ 1,265 2,748 4,126 1,950 748 1,240 323 59 164 lJ]8 620 J,031 .529 S7,703 67.481 Support ¢0gt$ This page doe$ noi forn) port of the statutory financial $tsi¢menis Page 17
7Aon Clty TabeTr¢k D¢l•l]ed Ststement of ThAnd•l Aetivitks for th¢ Y¢r Ended 31 Mareh 2024 31.324 31J23 Sypport eosts Govcrninee $ts Independent examlner 960 960 Totol resources expended 58,663 68.441 Nct Ineome 50.172 28,118 Thi5 page does not forni part of the sthwtory finan¢ial ststements P88e 18