## ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH CIO ## REPORT AND FINANCIAL STATEMENTS ## FOR THE YEAR ENDED ## 31st DECEMBER 2024 **Charity Registration Number 1199434** ## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2024** ## **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 2024. Artos Zaho Global Vigil Christian Church Cio is a registered Charitable Incorporated Organisation (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 £169 (2023 £0) to overseas charities, £886 (2023 £1,506) to other UK-based charities and £1,566 (2023 £695) 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 CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2024** ## **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 10 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 Miss H Bryan (Secretary) Mr N L Bryan Miss S Hunt (Chairman) Mrs M Rodney-Dyer (from 28/05/2024) Mrs K Simms-Cupidon (Treasurer) ## **Financial Review** Our total receipts and facilities available on unrestricted funds during the year was £58,152 (2023 £48,049), of which £534 (2023 £344) to the designated funds for Missions/Charities and £3,050 (2023 £2,304) to the designated fund for building. The overall receipts saw an increase of 21% over the previous year, due, in the main, to increases of 55% in Regular Donations from members, 23% in Regular Collections, and 38% in Other Receipts, offset by a 15% reduction in Receipts from church activities. Our total payments also saw an increase of 19% over the previous year, which was mainly due to a 19% increase in Expenditure on Church activities. Our total expenditure for the year was £59,025 (2023 £49,464). The net result for the year was a deficit in receipts versus payments of £873 (2023 £1,415 deficit), representing an improvement of 38%. 2 ARTOS ZAHO GLOBAL VIGIL CHRISTIA￿ CHURCH CIO INDEPENDENT REVIEW, YEAR ENDED 31" DECEMBER 2024 l ￿vie￿ the *counts for the dw)r>' for !'¢ar eoded 3 1st De¢ember 2014 18 set out on on thc follo￿"Ing pa8CS. This r¢vi¢M' is m&le soleli to th¢ Board of TrI￿1C¢S of Artos Zaho Global vi￿1 CIO as a l¥)d%.. M￿. r¢1 aL%4 h&s' been undertskth so I mighi sta* to Board of TrustC¢5, tho5c maUL'rs l am qW￿d ￿ st* to thcm ￿ a r¢vicM' aLd for no other puTro* To the fullem ex*ni peErnitt¢d bl. knv. J do noi ￿¢¢pl or assumc T¢sp￿SibIlIty. to an%onc othLr than thL chanfv. aLd thc Board of Trus￿* s a bod!. for rn￿. ￿￿.1¢￿. for this rew)rt or for the opinions I ha&'e forn)ed. R£SPEcfivE RESPONSIBALITIFS OF THE TRUSTEES As the Both of TrIJs￿5 l'ou Jr¢ ff¥PDnsible for the prcparau(M of tho fina￿1￿1 st*crncnts. BASIS OF ANDEPEWDENT REPORT. An review includ¢s a rEVieW' of the accouniin8 records k¢pt b%. th¢ than"¢!" and a ¢ornpansm of the counts prtyk'nwd M'ith thosc T¢￿rdS It al￿ includc5 mid¢rntson of ans, unusual itcms or disclosures In the xcounis and ￿kIng wn%' cxplanations from l.ou as thc Board of T¥u51￿$. con￿rning an!. such matters Thc pro￿d￿￿5 undcrtakcn do noi pYovid¢ all th¢ ¢Yiden¢¢ th* would be required ift ￿ audiL and ¢on3cqucrtl% I do ¢￿T¢s9 an audit opiiiion. OT thc VIC￿ by xeounts lTrdep¢ndtnl *l*temeAI In conncctson with m%. revi¢N. ￿ mattcr has Lvm¢ ¢0 mTr' altclltion". l. Which 8ivcs me ￿asOn￿l¢ to bclicve thAt in am" matcrial r￿pe¢¢ ih¢ rtquir¢m¢thts to prepare accounts which accord with the accountin8 recixds and to comply with the acc¢wniing requirements have been mei" or 2. To which. in my opinim. attention sh￿Id be drnwn in Lyder io enable a prop undcrstsDdin8 of the acc¢)unt$ to be reached. Thomp5Im &. Co Approi'ed IndqKn&ni Ew*nther Vc5tr%" Hail 3.16-338 LA)nsk)n Cricket Greea Miicham CR4 3UD 1 $. /.3}2v25 ## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2024** ## **FINANCIAL STATEMENTS:** |**Receipts & Payments Account**
**Receipts:**
Voluntary Donations
Regular donations from members
Regular collections
Interest
Transfers in
Activities for generating funds
Receipts from Church activities
Other Receipts
**Payments:**
Church activities
Goodwill and relief
Overseas Missions
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
4.3
4.4
4.5
4.6
4.7|General
Unrestricted
Fund
£
25,889
11,201
413
-
37,503
-
11,860
5,204
54,567
56,404
56,404
(1,837)
(2,087)
(3,924)
13,916
9,993|Designated
Fund
(Buildings)
£
267
1,918
-
-
2,185
865
3,050
-
3,050
-
3,050
16,891
19,942|Designated
Fund
(Goodwill)
£
267
-
-
-
267
267
1,566
1,566
(1,299)
1,299
-
-
-|Designated
Fund
(Charities)
£
267
-
-
-
267
267
886
886
(619)
619
-
-
-|Restricted
Fund
£
-
-
-
-
-
-
-
-
169
169
(169)
169
-
127
127|Total
2024
£
26,690
13,119
413
-
40,222
865
11,860
5,204
58,152
56,404
1,566
169
886
59,025
(873)
-
(873)
30,934
30,061|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| |**Statement of Assets and Liabilities**
**Cash Funds**
Bank balances
Equipment
Musical & Other equipment
2|9,993
8,424|19,942
-|-
-|-
-|127
-|30,061
8,424|32,646| |---|---|---|---|---|---|---|---| ||||||||7,011| 4 ## **ARTOS ZAHO GLOBAL VIGIL CHRISTIAN CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31st DECEMBER 2024** ## **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
16,891
-
-
16,891|Receipts
£
-
3,050
267
267
3,584|Payments
£
(169)
-
(1,566)
(886)
(2,452)|Transfers
£
169
-
1,299
619
1,918|Balance
c/fwd| |---|---|---|---|---|---| ||||||£
127| ||||||19,942
-
-| ||16,891|3,584|(2,452)|1,918|19,942| 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:
Bank charges
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
Overseas missions
Jamaica
4.7
Other Charities
Other donations to charities|General
Unrestricted
Fund
£
-
-
11,860
11,860
5,204
5,204
(263)
(53)
(2,700)
(6,910)
(20,363)
(2,586)
(20,580)
(1,134)
(1,816)
(56,404)|Designated
Fund
(Buildings)
£
865
865|Designated
Fund
(Goodwill)
£
(642)
(924)
(1,566)|Designated
Fund
(Charities)
£
-
(886)
(886)|Restricted
Fund
£
-
-
(169)
(169)|Total
2024
£
865
865
11,860
11,860
5,204
5,204
(263)
(53)
(2,700)
(6,910)
(20,363)
(2,586)
(20,580)
(1,134)
(1,816)
(56,404)
(642)
(924)
(1,566)
(169)
(169)
(886)
(886)|Total
2023| |---|---|---|---|---|---|---|---| ||||||||£
1,580| ||||||||1,580| ||||||||13,946| ||||||||13,946| ||||||||3,780| ||||||||3,780| ||||||||(24)
-
(2,620)
(5,655)
(14,525)
(1,815)
(18,018)
(683)
(3,924)| ||||||||(47,263)| ||||||||(395)
(300)| ||||||||(695)| ||||||||-| ||||||||-| ||||||||(1,506)| ||||||||(1,506)| 5