## ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH
## REPORT AND FINANCIAL STATEMENTS
## FOR THE PERIOD TO
## 31ST DECEMBER 2022
**Charity Registration Number 1199434**
## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT PERIOD ENDED 31st DECEMBER 2022**
## **Introduction and Board of Trustees Responsibilities**
The Board of Trustees have pleasure uin presernting their report and the financial statements of the Charity for the period ended 31St December 2022 (23/06/2022 - 31/12/2022).
Artos Zaho Global Vigil Christian Church is a registered charity (No. 1199434).
The Board of Trustees is required to prepare statements of accounts for each financial year, that give a true and fair view of the state of affairs of the charity at the end of the financial year, and of the income resources and application of such resources during the year. In preparing the statement, the Board of trustees are required to:
- Make suitable accounting policies and apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the statement of accounts.
- Prepare financial statements on the going concern basis, unless it is appropriate to presume that the Charity will not continue its operations.
• Keep proper accounting records which disclose, with reasonable accuracy, the financial position of the Charity, at that time, and enable the Board of Trustees to ensure that any statement of account, prepared by them, complies with generally accepted accounting principles.
- Safeguard the assets of the Charity and put in place controls for the prevention and detection of fraud and other irregularities.
## **Aims and purposes**
The Board of Trustees is also responsible for cooperating with the pastors in promoting the whole mission and vision of the the church. The trustees are primarily responsible for managing the finances of the church and ensuring that all legal requirements are observed and complied with.
## **Objectives and activities**
The Board of Trustees is committed to enabling and encouraging as many people as possible to worship at our fellowship and to become knowledgeable in the teachings of the holy scriptures. This includes demonstrative instruction, aimed at encouraging the attendees to participate in worship and prayers, and group discussions on how to apply scriptural principles to everyday life.
The Board of Trustees is active in supporting the vision of Artos Zaho, the church, to evangelise locally, nationally and internationally. The Charity Commission's guidance on public benefit and the advancement of religion are considered and observed in our planning of activities and operational decision making. The main objective is to achieve growth in the faith and spiritual development of our members, in all aspects of Christian faith, values and aspirations, including worship, prayer, knowledge of scripture, evangelism, missions and church planting.
## **Achievements and performance**
## Worship & Prayer
The Board of Trustees arrange for a range of meetings to occur during each week of the year, for the benefit of the wider public, including Sunday worship, Bible studies, youth meeting and evening prayers. There is also a Praise and Worship rehearsal, to which all interested parties are invited. Many of our members have been trained in praying for the persecuted church worldwide and have shown personal growth in researching and imparting awareness to the Artos Zaho fellowship.
## Pastoral Care
The pastors are in constant contact with the members, either by telephone technology, e-mail or home visits. Some members visit the pastors' homes for counselling and advice, as they require.
## Missions, Evangelism and church-planting
The Board of Trustees, with the full support of pastors and members, made expenditures and donations to other worthy causes, including £143 to other charities.
## Annual Retreat
The Board of Trustees, in conjunction with our women's department, organise an annual retreat for all interested parties. The organisers actively seek to include as many members of the public as can be reached. This has been a success and has inspired similar events in other similar organisations.
## Ecumenical Relationships
Artos Zaho Global Vigil is a member of the churches forum in the London Borough of Croydon and also a member of the Evangelical Alliance (UK).
The church is represented at many inter-church events.
## Volunteers
All trustees and leaders of Artos Zaho Global Vigil operate on a volunteer basis. There are no paid positions within the organisation.
1
## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT PERIOD ENDED 31st DECEMBER 2022**
## **Structure Governance and Management**
The trustees, who are all entitled to be members of the management committee and to attend all its meetings, are all appointed by the members of Artos Zaho Global Vigil at the Annual General Meeting. The management committee (AZMC) comprising a chairman, a treasurer, a secretary and ordinary members; are responsible for making decisions on all matters of general importance and how the funds of the organisation are to be spent. The AZMC met a total of 7 times during the year.
## **Administrative Information**
Artos Zaho Global Vigil is an independent church and is registered as a charitable organisation with the Charity Commission. The members of the management committee (AZMC) who serverd during the year were:
Mrs J Beckford-Barry (Treasurer) Miss H Bryan (Chairman) Mr N L Bryan (Secretary) Miss S Hunt Mrs K Simms-Cupidon
## **Financial Review**
Our total expenditure for the period was £16,590.
The net result for the period was a surplus of receipts over payments of £32,350.
2
ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH CIO
INDEPENDENT RF.VIEM'
YEAR ENDED 31" DECEMBER 2022
lode
nt r
I rcvicw the accounts for thc ncwly 1nc0ryx)rad CIO for th¢ pcriod endcd 31si Dernber 2022
which 121 sei on the lollowin¥ pa8ts.
This revie. is m&dc solely io the B(*ard of Tne of ARTOS ZAHO GLOBAL VIGIL
CIIRISTIAN CFIURCH CIO as a kndy. My review been undenaken qo that I mighi slate Ir> the
Board ofTruslees. Ihose miillers l um requira io ytsie them in a review and for no oiher purp)*e.
To ihL fullL%t LxlLnt FKrniinLyJ by law. I do not 4LLYPt or a55un* rcsw)nsibility to othL'r than
Ihc charity and ihc Iloard of TnC¢S as a 1XY for rny review. for Ihi5 rq)ort or for thc opinion5 1
havc formcd.
RESPEcfivE RESPONSIBILITILS OF THE TRUSTEES
A.4 Board ofTru#ees you art responsible for the prepThlioD of the sthlcmen.
BASIS OF INDEPENDENT REPORT.
An review in¢lth a VIeW ofthe a¢¢ounlin8 recor&% kepi by the charity and a cornpfirison of ihe
aLL(JwIts prCSL1ll with th()sc rcLx)nJb'. It irKludcy consid¥Tation of any unustsal ilLms ot
disclosurvi in the accounts And sttkinB any explanations from you as th¢ Bo8rd of Trlet
concerning any yuch mallers. The prc*edurrs undertaken do noi provide all the evidence thal would
bc rcquircd in an audil. and Lonwucnily I do noi cxprc*¥ audii opiniLJn. or thL" i'icw givcn by thc
accoun
Indeptndent statemeot
In connectirn with my review. no matter has come to my AlleDtion."
l. Which gives mc re&gonablc ¢ausc to bclieve thai in any maierial rryKct the requirements
to kLy accouniin8 fLYords: and
lo prepare aLcounls which accord wilh ihe Kcounling records and to comply wich ihe
accounting requirements haN'e noi been met. or
2, To which. in my opinion. attention should Ix drawn in Ofder to ¢nable a PTO
undcrstanding of thc accounts lo bc rcachc(L
Thompson & Co
Approwed Independenl Examin¢r
Vcsiry Hall
3.1fv33¥ Lonth)n Road
Cnckrt (ireen
Miiclwm
CR4 3UD
## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT PERIOD ENDED 31st DECEMBER 2022**
## **FINANCIAL STATEMENTS:**
|**Receipts & Payments Account**
**Receipts:**
Voluntary Donations
Regular donations from members
Regular collections
Interest
Transfers in
Other voluntary receipts
Receipts from Church activities
**Payments:**
Church activities
Other Charities
Surplus/(Deficit) of receipts over payments
Transfer between funds
Bank & Cash balances at 1st January
Bank & Cash balances at 31st December|Notes
4.1
4.2
4.4
4.5|General
Unrestricted
Fund
£
4,705
1,402
49
23,612
29,769
270
4,091
34,130
16,447
16,447
17,682
(47)
17,635
-
17,635|Designated
Fund
(Buildings)
£
48
476
-
14,063
14,588
14,588
-
14,588
-
14,588
-
14,588|Designated
Fund
(Goodwill)
£
48
-
-
-
48
48
-
48
(48)
-
-
-|Designated
Fund
(Charities)
£
48
-
-
-
48
48
143
143
(95)
95
-
-
-|Restricted
Fund
£
-
-
-
127
127
-
-
127
-
127
-
127
-
127|Total
2022|
|---|---|---|---|---|---|---|---|
||||||||£
4,849
1,879
49
37,802|
||||||||44,579
270
4,091|
||||||||48,940|
||||||||16,447
143|
||||||||16,590|
||||||||32,350
-|
||||||||32,350
-|
||||||||32,350|
|**Statement of Assets and Liabilities**
**Cash Funds**
Bank balances
Equipment
Musical & Other equipment
2|17,635
6,148|14,588
-|-
-|-
-|127
-|32,350|
|---|---|---|---|---|---|---|
|||||||6,148|
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## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT PERIOD ENDED 31st DECEMBER 2022**
## **NOTES TO THE FINANCIAL STATEMENTS:**
1. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, using the Receipts & Payments basis, and SORP 2005.
2. The equipment held by the church comprises the rolling balance of acquisition of all musical and sound equipment purchased during the last five years. The amount appearing in the financial statement is stated at historical cost.
3. The movements in designated and restricted funds during the year were:
|Restricted: Jamaica - special project
Designated:
Building Fund
Goodwill Fund
Charities & Missions Fund|Balance
b/fwd
£
-
-
-
-
-|Receipts
£
127
14,588
48
48
14,684|Payments
£
-
-
-
143
143|Transfers
£
-
-
(48)
95
47|Balance
c/fwd|
|---|---|---|---|---|---|
||||||£
127|
||||||14,588
-
-|
||-|14,684|143|47|14,588|
The Building Fund represents 1% of regular donations from members, set aside for acquiring and maintaining buildings to be purchased and used by the church. As this is not a priority at the present time, the Board of Trustees may see fit to apply the funds elsewhere.
The Goodwill fund represents 1% of the regular donations from members and regular collections during worship services for the purpose of assisting the needy who come to the church for help. The Board of Trustees exercise their discretion over the application of the fund.
The Charities & Missions fund represents 1% of th regular donations from members of the church. The Board of Trustees exercise their discretion with regards to which charitable organisation or purpose the fund is applied to.
|**4. Receipts & Payments analysis**
4.1
Transfers in
4.2
Receipts from Church activities:
Retreats
4.3
Other receipts:
Gift Aid receipts
4.4
Church activities:
Bibles, Devotionals & sacraments
Ministry training
Musicians
Rent
Repairs & renewals
Retreats & conferences
Social & Welfare
Other Expenses
4.5
Goodwill and relief
Assistance with bereavement
Assistance in other matters
4.6
Other Charities
Other donations to charities
Bank balance transfers from
unincorporated charity|General
Unrestricted
Fund
£
23,612
37,802
4,091
4,091
-
-
-
(600)
(1,380)
(3,277)
(140)
(10,817)
(40)
(194)
(16,447)|Designated
Fund
(Buildings)
£
14,063|Designated
Fund
(Goodwill)
£
-
-
-|Designated
Fund
(Charities)
£
-
(143)
(143)|Restricted
Fund
£
127|Total
2022|
|---|---|---|---|---|---|---|
|||||||£
37,802|
|||||||37,802|
|||||||4,091|
|||||||4,091|
|||||||-|
|||||||-|
|||||||-
(600)
(1,380)
(3,277)
(140)
(10,817)
(40)
(194)|
|||||||(16,447)|
|||||||-
-|
|||||||-|
|||||||(143)|
|||||||(143)|
5