MOUNT ZION PENTECOSTAL CHURCH BEDFORD Charity No. 1201001 Tru5tees' Report and Unaudited Actounts 30 November 2023 Document ID.. 43bb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 3to6 Summary Income and Expenditure Account Balance Sheet io Notes to the Accounts Ilto20 Detailed Statement of Financial Activities to21 Document I .. AÈb£f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Trustees Annual Report Charity The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 30 November 2023. REFERENCE AND ADMINISTRATIVE DETAILS Company No. Charity No. 1201001 Registered Office MOUNTZION PENTECOSTAL CHURCH BEDFORD 145-151 MIDLAND ROAD BEDFORD MK40 IDW Directors and Trustees The Directors of the charitable Company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year.. M. Brown A. Gilkes P. Rennie E. Campbell Accountants Cangaf Accountants 235 Tonge Moor Road Bolton BL2 2HR OBJEcfivES AND ACTIVITIES Mount Zion Pentecostal Church Bedford is committed to making a positive impact in the lives of people in the local community and the wider Bedfordshire. We put our faith into practice demonstrating love and acceptance in the community through our various activities. The objects of the Church ICIOI are.. l. The advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Bedfordshire and the surrounding neighbouring Counties. 2. Such other charitable purposes as shall, in the opinion of the members of the Church, put into practice the Christian faith in accordance with the Basis of Faith, including but not limited to.. the prevention and relief of need, hardship, fuel poverty and sickness; the advancement of education and supporting national energy conservation initiatives. Document I .. AÈb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Trustees Annual Report 3. The provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life,. provided that the advancement of such purposes must be undertaken in a manner that is consistent with the Doctrinal Distinctives and Ethical Statements as may be adopted and amended by the Church from time to time in accordance with the provisions of the Church Handbook. Benefits of the Organi5ations Purp05es'. Providing a supportive community and environment where people can come and meet, be supported and as necessary, signposted to external help. Training and development for people of all ages, this is not limited to religion, but providing space for local agencies to provide advice and guidance to these in need. Local support and care in times of bereavement, family loss. sicknes5 hardship. We encourage all church members to support the church and community to action their faith through learning about the Gospel, community affairs and local priorities, in this way. In planning for the year, we have taken into consideration the Charity Commission guidance on public benefit with particular attention paid to charities for the advancement of religion. Activitie5'. The Mount Zion Pentecostal Church Bedford congregation have led or supported ten funerals. We have had two baby blessings which was led by the Pastor. We held our first cross-regional fellowship in August 2023, although we were not able to hold the event at our church building, we still had over 80 attendees to the event, who came from Bedford, Luton, Hitchin, Northampton, Wellingborough, Nottingham and Leicester We have been able to encourage and support the church community to action through our ministries, learning about the Gospel, worship and through prayer. As a Church we promote unity within our fellowship and we love when members get to know each other, so that as a church we can begin to help each other more and more, which will ultimately have an effect on our wider community. Review of Activities and Achievements 2023 was a challenging year for the congregation, which led to the congregation and the Trustees having to defend their right to be holding their community services and events at their church building. The congregation was taken to court by trustees of the Mount Zion Pentecostal Apostolic Bible College in order to have them removed from the property, however, the congregation was successful in their appeal to the court and as a result, was able to resume services and activities from their church property which they have worked so hard for over many years and donated thousands of pounds to pay for the mortgage, energy bills and the upkeep of the property. Mount Zion Pentecostal Church has been serving the community of 8edford for over 50 years; we want to continue to have a positive impact in the town and wider county. We believe that the Will of God is accomplished through the Church. Through responsible leadership, partnership, development of our church members and facilities, encouragement and empowerment, we will accomplish Gods Will and Purpose for our community. ACHIEVEMENTS AND PERFORMANCE Document I .. AÈb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Trustees Annual Report The court action obviously affected our ability to really deliver on our objectives, however, we continued to have services every Sunday at a community hall and this was used for Sunday services and community prayer meetings. We have had significant support from the community both in terms of physical support, in-kind and financial support into our weekly offerings, collections and donations, we are absolutely grateful for the support they gave and in 2024 we will be holding an awards ceremony to say thank you to many of the congregation and community members that gave their time and in-kind contribLJtions to the church. The Mount Zion Pentecostal Church Bedford congregation.. Have led or supported eight funerals during the year. We have had two baby blessings which was led by our Pastor Prayer meetings every week both online and in person. The Value of the Church not in monetary terms but in worship, prayer and support in the community, visiting the sick in hospital visits. We have supported other community events and church events, so as to deliver on our desire to build and develop strong relationships and community cohesion across Bedford and Bedfordshire. Pastoral Care: This has been delivered by the Pastor and senior officers of the church to many across our church membership. This was particularly important during 2023 as so much of the membership was severely affected by the court action that was taken aEainst them, consequently, ongoing support was required to help church members adjust and continue to maintain healthy lives, physically, emotionally and mentally. Trustee Activities Meeting to agree law firm to undertake legal duties on behalf of the church congregation Attendance at Charity Commission Seminars I Webinars Training meetings of the senior leadership team Meetings to review actions to resume church services at our church building and agree health and safety arrangements. The tru5tee5 have had to have regularly discussions about the careful use of the charities funds in order that we can delivèr our objectives. Thi5 has meant spending funds on- l. Legal advice and support, 2. Funds to improve electrical areas of the church property and other building 3. Marketing, website, Wi-Fi and siEnage 4. Building Insurance In 2024, we have a range of challenges ahead of us, but we are looking forward to the opportunities that the new year presents and will seek to increase our community and church activities during 2024. FINANCIAL REVIEW The Trustees have implemented robust budgetary controls to monitor costs in an effort to continue to deliver its service in the future. The total income for the twelve months under review was £27,937. Total expenditure in the year was £24,471. The Charity recorded an operating surplus for the year which is £3,466 During the year the Trustees continued to place emphasis on financial management to ensure that the funds of the charity were spent efficiently. Document I .. AÈb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Trustees Annual Report The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021. Signed on behalf of the board M. Brown Trustee 30 November 2023 2810212024 Document I .. AÈb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Independent Examiners Report Independent Examiner's Report to the trustees of MOUNT ZION PENTECOSTAL CHURCH BEDFORD I report to the charity trustees on my examination of the financial statements of MOUNT ZION PENTECOSTAL CHURCH BEDFORD for the period ended 30 November 2023. Responsibilities and basis of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Art . or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 financial statements to be reached. Cecilia Asamoah Chartered Certified Accountant Cangaf Accountants 235 Tonge Moor Road Bolton BL2 2HR 30 November 2023 2810212024 Document I .. AÈb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Statement of Financial Activities forthe period ended 30 November 2023 Unrestricted funds Total funds 2023 2023 Notes Income and endowments from: Oonations and legacies 27,937 27,937 Total 27,937 27,937 Expenditure on: Other 24,471 24,471 Total 24,471 24,471 Net gains on investments Net income 3,466 3,466 Transfers between funds Net Income before other gains/llossesl 3,466 3,466 Other gains and losses Net movement in funds 3,466 3,466 Reconciliation of funds: Total funds carrled forward 3,466 3,466 Document I .. AÈb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Summary Income and Expenditure Account forthe period ended 30 November 2023 2023 Income 27,937 Gross income for the period Expenditure 27,937 24,471 Total expenditure for the period Net income before tax for the period 24,471 3,466 Net income for the period 3,466 Document I .. AÈb6f3d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Balance Sheet at 30 November 2023 Company No. Notes 2023 Current assets Cash at bank and in hand 3,466 3,466 3,466 Net current assets Total assets less current liabilities 3,466 Net assets excluding pension asset or liability 3,466 Total net asset5 3,466 The funds of the charity Restricted funds Unrestricted funds General funds 3,466 3,466 Reserves Total funds 3,466 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companie5. For the period ended 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 30 November 2023 And signed on its behalf by- M. Brown Trustee 30 November 2023 2810212024 Document I .. AÈb¥Ld-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Note5 to the Accounts forthe period ended 30 November 2023 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20151 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change in basis of accounting or to previous accounts There has been no change to the accounting policies Ivaluation rules and method of accounting) since last year and no changes have been made to accounts for previoijs years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of Erants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income Iwith an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This inclLJdes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets Thi5 inclLJdes any gain or loss on the sale of investments. Document I .. AÈb&d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Note5 to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditLJre to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fLJndraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxation The charity is exempt from corporation tax on its charitable activities. Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Document I .. AÈb&d-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Note5 to the Accounts Recelpt of donated goods. facllltles and servlces All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The Company is a private company limited by guarantee and consequently does not have share capital. 3 Income from donatlons and legacles Unrestrlcted Total 2023 27,937 27,937 27,937 27,937 4 Other expenditure Unrestricted Total 2023 Premises costs 5,914 5,914 General administrative costs 3,887 14,670 24,471 3,887 14,670 24,471 Legal and professional costs 5 Staff costs No employee reteived emoluments in excess of £60,000. 6 Movement in funds Incoming resources {including other gainsllosse5) Resource5 expended Restricted funds: Unrestricted funds: General funds 27,937 124,4711 Totsl funds 7 Analysis of net assets between funds 27,937 124,4711 Unrestrirted funds Net current assets 3,466 3,466 Document I .. AÈblld-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Note5 to the Accounts 8 Reconclllatlon of net debt Cash flows Cash and cash equivalents 3,466 3,466 Net debt 3,466 9 Related party disclosures Controlling purty The company is limited by guarantee and has no share capital- thus no single party controls the Company. Document I .. AÈblKd-8645-4832-90a5-10337b9538b8 MOUNT ZION PENTECOSTAL CHURCH BEDFORD Detailed Statement of Financial Activities forthe period ended 30 November 2023 Unrestricted funds Total funds 2023 2023 Income and endowments from: Donations and leEacies 27,937 27,937 27,937 27,937 Total income and endowments 27,937 27,937 Expenditure on: Premises costs Rent Light, heat and power 1,349 4,565 5,914 1,349 4,565 5,914 General administrative costs, including depreciation and amortisation Equipment repair5 and maintenance 2,202 2,202 Subscriptions Sundry expenses 41 41 1,644 3,887 1.644 3,887 Legal and professional costs Accountanty and bookkeeping Other legal and professional costs 600 600 14,070 14,070 14,670 14,670 Total of expenditure of other costs Total expendlture Net gains on investment5 24,471 24,471 24,471 24,471 Net Income 3,466 3,466 Net income before other gainslllossesl Other Gains 3,466 3,466 Net movement in funds 3,466 3,466 Reconciliation of funds: Total funds brouEht forward Total fund5 Carried forward 3,466 3,466 Document I .. AÈb&d-8645-4832-90a5-10337b9538b8 ## Completed Document Audit Report Completed with SignWell.com ## **Title: MOUNTZIONPENTECOSTALCHURCHBEDFORD_UTR_30-112023_Accounts (3)** Document ID: 43bb6f3d-8645-4832-90a5-103a7b9538b8 Time Zone: (GMT+00:00) Coordinated Universal Time ## **Files** MOUNTZIONPENTECOSTALCHURCHBEDFORD_UTR_30-11-2023_Accounts (3).pdf Feb 28, 2024 12:35:24 UTC ## **Activity** |**Cangaf Accountants &**||| |---|---|---| |**Business Advisers**|created the document|Feb 28, 2024| |IP: 62.30.218.29||12:36:28 UTC| |**Cangaf Accountants &**||| |**Business Advisers**|sent the document to|| ||cecilia.asamoah@cangafltd.com and|| ||mbrown@nationalivss.co.uk|Feb 28, 2024| |||12:44:50 UTC| |**Cecilia Asamoah**|first viewed document|Feb 28, 2024| |IP: 2a00:23c7:5c01:9501:cc94:9fd1:511d:de17||12:45:22 UTC| |**Cecilia Asamoah**|signed the document|Feb 28, 2024| |IP: 2a00:23c7:5c01:9501:cc94:9fd1:511d:de17||12:46:01 UTC| |**Rev Murphy Brown**|first viewed document|Feb 28, 2024| |IP: 2a02:c7c:e0c9:2200:707d:f18e:4718:a67a||12:54:36 UTC| |**Rev Murphy Brown**|signed the document|Feb 28, 2024| |IP: 2a02:c7c:e0c9:2200:707d:f18e:4718:a67a||12:55:47 UTC| Document ID: 43bb6f3d-8645-4832-90a5-103a7b9538b8