ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024
ZION WORSHIP CENTRE
ANNUAL REPORT AND ACCOUNTS
Year Ended 31 MAY 2024
REGISTERED CHARITY NUMBER
1199496
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ANNUAL REPORT AND ACCOUNTS
CONTENTS:
| Page No. | |
|---|---|
| Legal and Administrative information | 3 |
| Trustees/Directors’ report | 4 |
| Statement of Trustees’ responsibilities | 6 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 9 |
| Notes forming part of the financial statements | 10-11 |
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ZION WORSHIP CENTRE
ANNUAL REPORT AND ACCOUNTS
ZION WORSHIP CENTRE is a is a registered charity with the Charity Commission since on 30/06/2022.
TRUSTEES FOR THE YEAR ENDED ON 31 MAY 2024
The appointed trustees are as follows:-
DIANNE NAMARA - CHAIR
RITA NAKIMERA SENDAULA
JUDITH LUKEERA KAJUMBA
REGISTERED CHARITY NUMBER: 1199496
REGISTERED OFFICE:
REGUS ROMER HOUSE 132 LEWISHAM HIGH STREET LONDON
BANKERS; LLOYDS BANK 98 Victoria Street, London SW1E 5JL
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TRUSTEES’ REPORT
The trustees present their report and accounts for the year ended 31 MAY 2024.
Objectivities and Activities
Zion Worship Centre's core objectives centre around fostering spiritual growth, community outreach, and providing holistic support to its members and the wider community. Activities are designed to:
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Promote Christian worship and discipleship.
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Offer pastoral care and spiritual guidance.
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Facilitate community engagement through charitable initiatives.
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Provide educational and social support programs.
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Create a welcoming and inclusive environment for all.
STRATEGIES DEPLOYED TO ACHIEVE OBJECTIVES:
To achieve these objectives, Zion Worship Centre employs a multi-faceted strategy, including:
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Regular Worship Services and Bible Studies: Providing consistent opportunities for spiritual growth and fellowship.
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Pastoral Counselling and Support Groups: Offering individual and group support for emotional and spiritual well-being.
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Community Outreach Programs: Organising food banks, clothing drives, and other initiatives to address local needs.
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Educational Workshops and Seminars: Conducting programs on topics such as parenting, financial literacy, and personal development.
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Volunteer Engagement: Actively involving members in various activities to foster a sense of community and service.
OVERVIEW OF ACTIVITIES COMPLETED IN THE YEAR:
This past year, Zion Worship Centre successfully completed several key activities:
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Consistently held weekly worship services and bible studies with strong attendance.
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Expanded the food bank program, serving an increased number of families.
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Organised a successful community outreach event, providing school supplies to local children.
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Hosted a series of workshops on financial planning and stress management.
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Established a new youth mentorship program.
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Improved the online streaming of worship services, increasing accessibility.
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PLANNED ACTIVITIES FOR THE YEAR:
Looking ahead, Zion Worship Centre plans to focus on the following activities:
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Enhancing the youth program with additional resources and activities for example we have our first Youth servo on the 6th of April 2025 and the youth are extremely excited.
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Launching a new program focused on supporting elderly members of the community hence our family day’s popularity in August 2025.
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Expanding the reach of the community outreach programs by establishing partnerships with other local organisations , we have our debut conference running firm the 11th April to the 13th of April 2025 which will involve other ministries.
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Organising a series of workshops focusing on mental health and well being.
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Investing in technological improvements to enhance online accessibility and communication..
Planning a community wide festival to promote unity and fellowship for all to Enjoy , know each other within the community , building meaningful hence living a better life
On reserves
The board of trustees is committed in building up sufficient unrestricted funds to enable it to meet its essential charitable objectives in emergencies.
As a result the charity’s unrestricted reserve for the end of this financial year stands at £1,904.
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STATEMENT OF TRUSTEES’ RESPONSIBILITIES:
Company law requires the trustees to prepare financial statements that give a true and fair view of the organisation’s financial activities during the year and its financial position at the end of each financial year.
In doing so, the trustees are required to:
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Select suitable accounting policies and then apply them consistently
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Make judgements and reasonable and prudent judgements
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless its inappropriate to presume that the organisation will continue in operation for the foreseeable future.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the financial comply with applicable laws, regulations and the trust deeds. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities including money laundering.
Signed on behalf of the trustees:
DIANNE NAMARA Chair
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INDEPENDENT EXAMINER’S REPORT TO THE CHARITY TRUSTEES OF HAVOYOCO (UK) LIMITED
I report to the trustees on my examination of the accounts of ZION WORSHIP CENTRE for the year ended 31 MAY 2024.
Responsibilities and basis of report
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
ccounts do not accord with those records; or
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Yousif Abdi - Accountant
Date: 21/03/2025
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STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) for the year ended 31 MAY 2024.
| Notes | UNRESTRICTED FUNDS | RESTRICTED FUNDS | **TOTAL FUNDS ** | TOTAL FUNDS | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| 2024 | 2023 | ||||
| INCOMING RESOURCES | |||||
| Donations | (1) | 36,584 | - | 36,584 | 17,088 |
| Legacies | - | - | - | - | |
| Gifts in Kind | - | - | - | - | |
| Investment Income | - | - | - | - | |
| Charitable Activities | - | - | - | - | |
| Other Incoming Resources | - | - | - | - | |
| Total Incoming Resources: | 36,584 | 0 | 36,584 | 17,088 | |
| RESOURCES EXPENDED: | |||||
| Costs for generating funds | - | - | - | - | |
| Charitable Activities | (13,457) | - | (13,457) | (14,402) | |
| Operating Costs | (23,910) | - | (23,910) | - | |
| TOTAL RESOURCES EXPENDED: | ( 2) | -37,367 | 0 | -37,367 | -14,402 |
| Net Surplus/Deficit for the year | (782) | 0 | (782) | 2,686 | |
| Opening funds Transfer of funds | 0 | 2,686 | 2,686 | - | |
| Transfer of funds | 0 | 0 | 0 | 0 | |
| CLOSING FUNDS: | -782 | 2,686 | 1,904 | 2,686 |
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BALANCE SHEET AS AT 31 MAY 2025 ZION WORSHIP CENTRE
| Notes FIXED ASSETS COMPUTERS/FIXTURES & FITTINGS LESS ACCUMULATED DEPRECIATION NET BOOK VALUE CURRENT ASSETS BANK (3) PREPAYMENTS DEBTORS TOTAL CURRENT ASSETS CURRENT LIABILITIES CREDITORS/ACCRUALS (4) NET ASSETS FUNDS CARRIED FORWARD RESTRICTED FUNDS (5) UNRESTRICTED FUNDS TOTAL |
2024 2023 £ £ - - - - |
|---|---|
| 0 0 |
|
| 2,504 977 - - - 2,460 |
|
| 2,504 3,437 |
|
| (600) (751) |
|
| 1,904 2,686 |
|
| - - 1,904 2,686 |
|
| 1,904 2,686 |
DIRECTORS’ STATEMENT:
The directors acknowledge their responsibility for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
The directors acknowledge their responsibility for ensuring the company keeps accounting records which comply with Section 386 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
For the year ending 30/04/2023 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies.
Approved by the board on 24/03/2025 and signed on behalf of the board by:
DIANNE NAMARA (The Chair)
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NOTES FORMING PART OF THE FINANCIAL STATEMENTS:
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a) The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting standard of smaller entities (Effective March 2002) and follows the recommendations in accounting and reporting by
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b) Resources expended are recognised in the period in which they are incurred and include attributable VAT which cannot be recovered
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c) Revenue grants are credited to incoming resources on the earlier of when they are received on when they are due
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d) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.
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e) Restricted funds are to be used only for the specific purposes as laid down by the donor.
NOTE 1
VOLUNTARY INCOME
| DONORS | RESTRICTED INCOME | UNRESTRICTED INCOME |
TOTAL 2024(£) | TOTAL 2023(£) |
|---|---|---|---|---|
| Donations from individuals | 36,584.00 | 36,584.00 | 17,088.00 | |
| TOTAL | - | 36,584.00 | 36,584.00 | 17,088.00 |
NOTE 2
| EXPENSE | RESTRICTED FUNDS(£) | UNRESTRICTED FUNDS(£) | TOTAL - 2024(£) | 2023(£) |
|---|---|---|---|---|
| Charitable Activities | - | 13,457.00 | 13,457.00 | 4,590.00 |
| Rent | - | 10,414.00 | 10,414.00 | 4,200.00 |
| Payroll Costs | - | 2,963.00 | 2,963.00 | |
| Insurance Costs | - | - | 0.00 | 111.00 |
| Bank Charges | - | 184.00 | 184.00 | 1.00 |
| Repairs and maintenance | - | - | 0.00 | 21.00 |
| Trade subscriptions | - | - | 0.00 | 40.00 |
| Motor Costs | - | - | 0.00 | 307.00 |
| SundryExpenses | - | - | 0.00 | 2,599.00 |
| Small Equipments - Expensed | - | 673.00 | 673.00 | |
| Office Supplies | - | 83.00 | 83.00 | 1,123.00 |
| Travel Costs | - | 20.00 | 20.00 | 114.00 |
| Software Costs | - | 201.00 | 201.00 | 202.00 |
| Telephone Costs | - | 115.00 | 115.00 | 244.00 |
| Equipment Hire | - | 343.00 | 343.00 | |
| Professional Services | - | 8,313.00 | 8,313.00 | 100.00 |
| Accountingfees | - | 600.00 | 600.00 | 750.00 |
| TOTAL | - | 37,366.00 | 37,366.00 | 14,402.00 |
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NOTE 3 CASH AT BANK AND IN HAND
The charity has a cash balance of £2504 in its bank account as at 31 MAY 2024
NOTE 4 ACCRUALS/CREDITORS
| Accountng Fees : | £600 |
|---|---|
| £600 |
NOTE 5
FUNDS CARRIED FORWARD
The charity has carried forward a total funds of £1904 to the next financial year.
Taxation
The charitable company is exempt from taxation under sections 466 to 493 of the Corporation Tax Act 2010
Cash flow statement
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it is a small company
TRUSTEES EXPENSES
The trustees neither received nor waived any emoluments during the period Trustees claimed for travelling expenses during the year. These amounted to £ £Nil).
GOVERNANCE COSTS
The trustees have elected not to claim any expenses from the charity in the conduct of their duties for the financial year ended March 2023
RELATED PARTIES
There are no related party transactions to be disclosed.
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