ZION CHURCH OF CHRIST (APOSTOLIC)
(A Company Limited by Guarantee)
GENERAL INFORMATION
Legal Registration Details
Charity Registration Number
Principal Address
Secretary Mrs J Mckenzie
Trustees Pastor H Mckenzie
Vacant role Mrs H M Curtis Mrs L Cameron Miss D Brooks Mrs D Matticks
Zion Church of Christ (Apostilic)
299303
Perth Road Wood Green London N22 5QP
Evangelist
Pastor Chairman Treasurer Rev J T Javris deceased 15/11/2020 Evangelist Evangelist Assistant Secretary Sister
ZION CHURCH OF CHRIST (APOSTOLIC)
| (A Company Limited by Guarantee) | |
|---|---|
| CONTENTS | Page |
| Report of the trustees | 1 |
| Statement of trustees responsibilities | 3 |
| Independent Examiner's Report | 4 |
| Balance Sheet | 5 |
| Income and Expenditure Accounts | 6 |
| Notes to the Accounts | 7 |
ZION CHURCH OF CHRIST (APOSTOLIC)
(A Company Limited by Guarantee)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2022
The Trustees present their annual report and accounts for the year ended 31st March 2023.
The board of the trustees are satisfied with the peformance of the charity during the year and the position as that 31st March 2023. They consider that the charity is in a strong position to continue the activites during the coming year and that the chairty's asset are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
| The legal registration details are: | The legal registration details are: | Zion Church of Christ | (Apostolic) |
|---|---|---|---|
| Charity Registration Number | 299303 | ||
| Principal address | Perth Road | ||
| Wood Green | |||
| London N22 5QP | |||
| Secretary | Mrs J Mckenzie | Evangelist | |
| Trustees | Pastor H Mckenzie | Pastor | |
| Pastor H Mckenzie | Chairman | ||
| Vacant role | Treasurer | Rev J T Javris - Deceased 15/11/2020 | |
| Mrs H M Curtis | Evangelist | ||
| Mrs L Cameron | Evangelist | ||
| Miss D Brooks | Assistant Secretary | ||
| Mrs D Matticks | Sister |
Objectives and Activites of the Charity
According to the Constitution & Article of Faith of the Charity, the principal activites of the Church is furtherance of the Christian religion and assisting other church missions and holding religious meetings for the community by bringing hope to lost souls through one Lord, one Faith and one Baptism
Mission Gift
During the year, the mission gift to other churches amounted to £0.00 (2021: £0.00). Other charitable donations of £180.00 (2022: £250.00) were made in year to other charitable organisation in disaster stricken areas amongst others.
Church Building
The Board of Trustees continue to seek a larger property with a hall to house the growing church congregation hence the accumulation of funds towards the purchase. The Board of Trustees have found a suitable property adjoining the current church building and are still in negotiations with regards to its purchase. Owing to complications and conditions posed by the seller, the Church is having to raise significant funds through donation specific to the purchase and are thus retaining significant funds in their deposit accounts.
ZION CHURCH OF CHRIST (APOSTOLIC)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023
Finances
The finances of the Church were on sound footing
H McKenzie
Pastor H McKenzie
Chairman of the Board of Trustees
Date 15/12/2023
ZION CHRUCH OF CHRIST (Apostolic) Statement of Trustees' Responsiblities
Charity law requires the board to prepare accounts for each financial year which gives a true and fair view of the state of affairs of the company and of the surplusor deficit for that period. In preparing those accounts, the board is required to:
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select suitable accounting policies and apply them consistently
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make judgement and estimate that are reasonable and prudent; and
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prepare accounts on the going concern basis unless it is inappropiate to
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presume that the charity will continue.
The trustees are responsible for maintaining proper accounting records which disclose with reasonalbe accuracy at any time the financial position of the charity. The trustees are also responsible for safeguarding the assets of the company hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
H McKenzie
Pastor H McKenzie
Chairman: Board of Trustees
Zion Church of Christ (Apostolic) Independent Examiners; Report
Independent Examiners' Report to the Board of Trustees on the unaudited accounts of Zion Church of Church (Apostolic)
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 and that an independent examination is needed.
It's our responsibility to:
examine the account under Section 145 of the Charities Act
To follow procedure laid down in the general Directions given by the Charuty Commision (under Section 145(5)(b) of the Charities Act, and
To state whether particular matters have come to my attention
Basis of independent examiner's statement
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination include a review of the accounting records kept by the charity and the comparison of the accounts is presented with the records. It also includes consideration
of any unsual item or disclosures of the account, and seeking explanations from the trustees concerning any such matter. The procedures undertaken doesn't provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account present is 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiners' Statement
In connection with our examination, no material matter have come to our attention which gives us cause to believe that in , any materials respect:
the accounting were not kept in accordance with Section 130 of the Charities Act; or
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the accounts do not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the account gives a 'true and fair' view which is not a matter considered as part of an independent examination.
We have come across no matters in connection with the examinations to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Accountants
Libra House 66 Church Street Edmonton London N9 9PA
Zion Church of Christ (Apostolic)
Income and Expenditure Account for the year ended 31st March 2023
| Note Donations Received 2 Other income/profits 3 Unrestricted funds Expenses Mission gifts and charitable donations 4 Administrative expenses 6 Operating Surplus Extraordinary item 5 Surplus/(deficit) for the year |
2023 2022 £ £ 61,616.00 £ 51,918.00 £ 638.00 £ 39.00 £ 62,254.00 £ 51,957.00 £ 180.00 £ 250.00 £ 26,656.00 £ 36,523.00 £ 35,418.00 £ 15,184.00 £ - £ - £ 35,418.00 £ 15,184.00 £ |
|---|---|
Zion Church of Christ (Apostolic) Balance Sheet As at 31st March 2023
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2023 2022
£ £
Fixed Assets
Tangible fixed asset 7 £ 101,955.00 £ 113,304.00
Current Assets
Debtors and prepayments 8 £ 21,338.00 £ 21,338.00
Bank/ Building Society balances £ 470,561.00 £ 423,794.00
£ 491,899.00 £ 445,132.00
Current Liabilities
Other liabilities & accruals 9 £ 5,128.00 £ 5,128.00
Net Current Asset £ 486,771.00 £ 440,004.00
£ 588,726.00 £ 553,308.00
Acculmulated funds
Balance at start of period £ 553,308.00 £ 538,124.00
Surplus/(Defecit) for the year £ 35,418.00 £ 15,184.00
£ 588,726.00 £ 553,308.00
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H McKenzie
Pastor H McKenzie
Chairman: Board of Trustees
Approved by the board on: 15/12/2022
Zion Church of Christ (Apostolic) Notes to the Accounts for the year ended 31st March 2023
1 Accounting basis
The accounts has been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and Charities SORP (FRS 102)
2 Depreciation
Tangible fixed assets are stated at costs. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
3
4
| Freehold property | 5% per annum on a reducing balance basis | 5% per annum on a reducing balance basis | 5% per annum on a reducing balance basis | 5% per annum on a reducing balance basis |
|---|---|---|---|---|
| Furnitires,fixtures,fitting & equipment | 25% per annum on a reducing balance basis | |||
| Chruch organ and amplifier | 50% per annum on a reducing balance basis | |||
| Donation received | 2023 | 2022 | ||
| £ | £ | |||
| Gift Aid (Gross) | £ | - |
£ | 13,775.00 |
| Offerings (donation) | £ | 61,616.00 |
£ | 38,143.00 |
| £ | 61,616.00 | £ | 51,918.00 |
|
| Other incomes and profits | 2023 | 2022 | ||
| Interest received | £ | £ 638.00 |
£ | £ 39.00 |
| £ | 638.00 |
£ | 39.00 |
|
| Mission Gifts | 2023 | 2022 | ||
| Mission Gifts | £ | £ - |
£ | £ - |
| Charitable Donations | £ | 180.00 |
£ | 250.00 |
| £ | 180.00 |
£ | 250.00 |
No individual misison gift or charitable donation was in excess of £1,000
| Extraordinary Items Unclaimed gift aids |
2023 2022 £ £ - £ - £ - £ - £ |
|---|---|
5
Zion Chrsit of Church (Apostolic) Notes to the Accounts For the year ended 31st March 2023
| 6 Administrative Expenses Analysis Premises Costs Building & Other Insurance Light and Heat & Water rates Repais and Renewals General Administrative Expenses Telephone, postage, printing and stationary Religious books and CDs Food Provisions Travelling Wreaths, flowers and funeral expenses Cleaning Website expenses Software Legal and professional costs Other legal and professional fees Accountant's fees Other expenses Sundry expenses Depreciation and loss/(profits) on sale Depreciation TOTAL ADMINISTRATION EXPENSES |
2023 2022 £ £ 1,149.00 £ 964.00 £ 2,669.00 £ 2,612.00 £ 1,154.00 £ 2,160.00 £ 4,972.00 £ 5,736.00 £ 536.00 £ 2,002.00 £ 2,493.00 £ 1,572.00 £ 504.00 £ 198.00 £ 143.00 £ - £ 449.00 £ 1,450.00 £ 3,864.00 £ 9,629.00 £ 372.00 £ 531.00 £ 475.00 £ - £ 8,836.00 £ 15,382.00 £ - £ - £ 1,500.00 £ 1,500.00 £ 1,500.00 £ 1,500.00 £ - £ - £ - £ - £ 11,349.00 £ 13,905.00 £ 11,349.00 £ 13,905.00 £ 26,657.00 £ 36,523.00 £ |
|---|---|
Zion Church of Christ (Apostolic) Notes to the Accounts
for the year ended 31st March 2022
7 Tangible fixed assets
8
| Cost 1st April 2021 Additions for the year 31st March 2022 Depreciation 1st April 2021 Charge for the year 31st March 2022 Net Book Value 31st March 2022 31st March 2021 Debtors Sundry debtors and prepayments Other Liabilities Sundry creditors Accruals |
Freehold Property £ 5% 248,079.00 £ - £ 248,079.00 £ 158,726.30 £ 4,467.63 £ 163,193.93 £ 84,885.07 £ 89,352.70 £ |
Furniture, fixtures, fittijng & equipment Church Organ and Amplifier Total 25% 20% 61,868.28 £ 13,313.80 £ 323,261.08 £ 11,053.26 £ 266.00 £ 11,319.26 £ 72,921.54 £ 13,579.80 £ 334,580.34 £ 35,595.33 £ 13,050.85 £ 183,191.00 £ 9,331.55 £ 105.79 £ 13,904.97 £ 44,926.88 £ 13,156.64 £ 197,095.97 £ 27,994.66 £ 423.16 £ 113,302.89 £ 26,272.95 £ 262.95 £ 115,888.60 £ 2022 2021 £ £ 21,338.00 £ 21,338.00 £ 21,338.00 £ 21,338.00 £ 2022 2021 £ £ 3,628.00 £ 3,628.00 £ 1,500.00 £ 1,500.00 £ 5,128.00 £ 5,128.00 £ |
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The Charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to the charitable objects.
There were no employees during the year
9
10 Taxation
11 Employee Costs