## ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH CIO
# CHARITABLE INCORPORATED ORGANISATION REPORT AND FINANCIAL STATEMENTS
## FOR THE YEAR ENDED
## 31st DECEMBER 2023
## **Charity Registration Number 1199434**
## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN MINISTRY TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2020**
## **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 year ended 31St December 2023.
Artos Zaho Global Vigil Christian Church Cio 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 advance the Pentecostal religion in accordance with the statement of beliefs in Croydon and in such other parts of the united kingdom or the world as the trustees may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity. This aims 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 £1,506 (2022 £143) to other charities and £695 (2022 £) to support local needy and members in distress.
## 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 MINISTRY TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2020**
## **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) (to 22/08/2023) Miss H Bryan (Secretary) (from 22/08/2023) Miss H Bryan (Chairman) (to 22/08/2023) Mr N L Bryan (Secretary) (to 22/08/2023) Miss S Hunt (Chairman) (from 22/08/2023) Mrs K Simms-Cupidon (Treasurer) (from 22/08/2023)
## **Financial Review**
Our total receipts on unrestricted funds during the year was £48,049 (2022 (3 months) £48,940), of which £344 (2022 (3 months) £96) to the designated funds for Missions/Charities and £2,304 (2022 (3 months) £14,588) to the designated fund for building.
Our total expenditure for the year was £49,464 (2022 (3 months) £16,590).
The net result for the year was a deficit in receipts versus payments of £1,415 (2022 (3 months) £32,350 surplus).
2
ARTOS ZAHO GLOBAL IIGIL CIO
ITEPENDE.T REIIEII:
YE.4R ElED 315* DECEIBER 2023
Inde
endent rnieiT on the Accounts
I rei."ieTh tILe accounts for the cknity" for tILe year ended 31st December 2023 wbich is set out on
on tbe follo8 pa8es.
Thi5 reiryeTh- is nwle solelTr- to the Board of Tee$ of .4rtos Zaho Global l.iyl CIO as a bodi'_ M)"
relie. ha5 been undertaken so that I znight 5tste to the Board of Trustees. those matters I am
required to state to them tn a rei"iev4' and for no other purpose. To the fijllest extent perniitted b)" Jaw.
I do not accept or assume Tesponsibih"h" to anN"one other than the chan"h" and the Board of Trustees
as a bodN" for m}1 rei."ieTh. for this report or for tbe opittions I hai"e fonlled.
RESPECTIIT RESPONSIBILITIES OF THE TRUSTEES
As the Board of Trustee5 )'ou are responsible for the Preparatll of the flnancial ststements.
BASIS OF tYDEPENDENt REPORT.
-4 r"le. cludeS a relie. of the accounti1 record$ kept bN the cl)an"ty at a comparison of the
accounts presented ThitlL those records. It also include$ consideration of an!. utsusual iterns or
disclosures iti the accounts and Seeki ally explanatiorts from )"ou as the Board of Tnjstees,
eoncertiitig attv such matters. The procedures undertakets do ttot proiide all the "idence that tstould
be required in an auth"¢ and consequetJtl}' I do not express aa auth"t opia1 or the l.le gii.en b)" the
accounts.
Independent statement
In conttectiort my reiieu.. trllatter has Come to attentio
l. Wbich l"e5 me reasonable cause to be".,e that in an). material respect the requiTements
to keep accountmg records" attd
to prepare accounts -kn"ch accord ii'ith the accountsng records and to compty the
accountjng requirements hai'e not been met" or
2. To ll,hiclL in my opjmon. attention should be draiiTh in order to enable a proper
underst3ndJng of the accounts to be reached.
Thompson & Co
.4pproi"ed Independeot Examiner
'estry' Hall
336_33S London Road
Ciicket Greea
N,htcham
CR4 3UD
Date.. 03.,'04.,'2024
## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN MINISTRY TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2020**
## **FINANCIAL STATEMENTS:**
|**Receipts & Payments Account**
**Receipts:**
Voluntary Donations
Regular donations from members
Regular collections
Interest
Transfers in
Other voluntary receipts
Activities for generating funds
Receipts from Church activities
Other Receipts
**Payments:**
Church activities
Goodwill and relief
Other Charities
Surplus/(Deficit) of receipts over payments
Transfer between funds
Bank & Cash balances at 1st January
Bank & Cash balances at 31st December
**Statement of Assets and Liabilities**
**Cash Funds**
Bank balances
Equipment
Musical & Other equipment|Notes
4.1
4.2
4.3
4.4
4.5
4.6
2|General
Unrestricted
Fund
£
16,653
10,104
354
565
27,676
-
-
13,946
3,780
45,402
47,263
47,263
(1,862)
(1,857)
(3,719)
17,635
13,916
13,916
7,011|Designated
Fund
(Buildings)
£
172
552
-
-
724
1,580
2,304
-
2,304
-
2,304
14,588
16,891
16,891
-|Designated
Fund
(Goodwill)
£
172
-
-
-
172
172
695
695
(523)
523
-
-
-
-
-|Designated
Fund
(Charities)
£
172
-
-
-
172
172
1,506
1,506
(1,334)
1,334
-
-
-
-
-|Restricted
Fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
127
127
127
-|Total
2023
£
17,169
10,656
354
565
28,744
-
1,580
13,946
3,780
48,049
47,263
695
1,506
49,464
(1,415)
-
(1,415)
32,350
30,934
30,934
7,011|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|
|||||||||32,350|
|||||||||6,148|
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## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN MINISTRY TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2020**
## **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
£
127
14,588
-
-
14,588|Receipts
£
-
2,304
172
172
2,648|Payments
£
-
-
695
1,506
2,201|Transfers
£
-
-
523
1,334
1,857|Balance
c/fwd|
|---|---|---|---|---|---|
||||||£
127|
||||||16,891
-
-|
||14,588|2,648|2,201|1,857|16,891|
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
Activities for generating funds:
Other activities
4.2
Receipts from Church activities:
Retreats
4.3
Other receipts:
Gift Aid receipts
4.4
Church activities:
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
Disaster & Food appeal funds
Other donations to charities|General
Unrestricted
Fund
£
-
-
13,946
13,946
3,780
3,780
(2,620)
(5,655)
(14,525)
(1,815)
(18,018)
(683)
(3,924)
(47,263)|Designated
Fund
(Buildings)
£
1,580
1,580|Designated
Fund
(Goodwill)
£
(395)
(300)
(695)|Designated
Fund
(Charities)
£
-
(1,506)
(1,506)|Restricted
Fund
£
-
-|Total
2023
£
1,580
1,580
13,946
13,946
3,780
3,780
(2,620)
(5,655)
(14,525)
(1,815)
(18,018)
(683)
(3,924)
(47,263)
(395)
(300)
(695)
-
(1,506)
(1,506)|Total
2022|
|---|---|---|---|---|---|---|---|
||||||||£
270|
||||||||270|
||||||||4,091|
||||||||4,091|
||||||||-|
||||||||-|
||||||||(600)
(1,380)
(3,277)
(140)
(10,817)
(40)
(194)|
||||||||(16,447)|
||||||||-
-|
||||||||-|
||||||||-
(143)|
||||||||(143)|
5