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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1025360

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR

ENDED 31 DECEMBER

2022 FOR

CHRIST INTERNATIONAL CHRISTIAN CENTRE

REGISTERED CHARITY NUMBER: 1025360

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR

ENDED 31 DECEMBER

2023 FOR

CHRIST INTERNATIONAL CHRISTIAN CENTRE

CHRIST INTERNATIONAL CHRISTIAN CENTRE

Contents Page

For the year ended 31 December 2023 Report of the Trustees

1 to 4

Statement of Financial Activities

6

Statement of Financial Position

7

Notes to the Financial Statements

8 to 13

Detailed Statement of Financial Activities

14 to 15

CHRIST INTERNATIONAL

Report of the Trustees

For the year ended 31 December 2022

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2022. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2020).

OBJECTIVES AND ACTIVITIES

The objects of the church are:

The church supports christian organisations such as World Evangelism Mission. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.

Objectives and aims

The church has adopted the following strategies for achieving it's objectives:

The following activities are aimed at achieving the objectives

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Volunteers

The church is grateful for the generous support of its volunteers who continually make an invaluable contribution to the operations of the charity by their involvement in service provision, office work and administration. It is estimated that over 16,000 volunteer hours are provided every year. If this is valued at £10.00 an hour the volunteer effort amounts to over £160,000.

ACHIEVEMENTS AND PERFORMANCE

In addition to its usual Sunday and weekly services, the church carries out a wide range of activities in pursuance of its charitable aims. These activities include classes for children and teenagers where they are taught the tenets and values of the Christian faith, fellowships for various groups in the church including men fellowship, women fellowship, elders fellowship, youth fellowship.

The trustees consider that these activities summarized below, provide benefit to those who worship at our church and the wider community:

September is the family month. This programme is intended to impact families in the community by building stronger bonds in the homes and it is open to the public. During this programme, the church organised several activities including interdenominational football matches, family fun day to Broadstairs beach, and Couples breakfast which holds in October.

The church also held several community outreach programmes in which fruit and food parcels were distributed to the community.

Hampers and gifts were given to our neighbors through our door to door outreach.

In January the church hosted a 7 day Praise event opened to the general public called Jericho Praise; In March, the church opened a new event to the public Prayer Marshall Conference.

Various prayer and evangelical events opened to the general public in the month of July

and October; All Nations Celebration Day in November;

Throughout the year the church has opened its doors to members of the public as a place of respite from the numerous challenges people face, providing counseling and welfare assistance. The charity also started partnering with other local charities to distribute food every Wednesday to less privileged in the community.

FINANCIAL REVIEW

In the twelve months under review, total income was £223,939; (2019: £352,606) and total expenditure was

£264,551; (2020: £264,400).

Net results for the year were (£40,612); (2019: £88,206) and carries forward funds in deficit of (£58,567); (2020: (£17,955)).

The Trustees continue to place emphasis on financial management to ensure that the funds within the organisation are properly managed.

The Trustees have implemented robust budgetary controls and continue to monitor costs to deliver a balanced budget for the future.

Reserves

The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to continue the Charity's activities and are working towards achieving it.

The aim is to build reserves levels to approximately 3 months of unrestricted expenditure. Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.

Funds in deficit

The trustees are continuously looking at areas of possible cost reductions where they could save money without negatively affecting the quality of service provided to the members and general public. Already, the Trustees have taken some measures to reduce office costs and overheads while continually striving for increased membership and alternative funding sources to increase income.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

CICC Power is a charitable trust and is controlled by its governing document, a trust deed. Recruitment and appointment of trustees

The management of the church is the responsibility of the Trustees who are elected and

co-opted under the terms of the Trust deed.

New Trustees are provided with copies of the Charity Commission's guidance and are given an introduction to the activities of the charity. Trustees are also provided with training.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Charity registration number 1114058

Principal address

Trustees

UNIT 3A

THE MIRAGE CENTRE. FIRST WAY WEMBLEY HA9 0JD

The trustees and officers serving during the year and since the year end were as follows: Mrs. BEATRICE ADJETEY Chair

Mrs. A MENSAH Trustee Mr. PEREZ OCHIENG Trustee Mr. I MENSAH Trustee

Bankers

NATWEST

Approved by the Board of Trustees and signed on its behalf by

9th January 2023

.PMr . I MENSAH - Trustee........................................

The leadership team of the church present the Annual Report and Accounts for the year ended 31 December 2023. The accounts comply with current statutory requirements and the Statement of Recommended Practice "Accounting and Reporting by Charities (Revised 2015)".

Governing Document: CICCChurch Council Powers Measure (1956) as amended and Church Representation Rules.

Area of benefit: Undefined, in practice, local.

Date Registered with Charity Commission: S June 2009

Classification

What: Education/training and Religious Activities.

Who: General Public / Mankind

How: Makes grants to organisations, provides buildings/facilities/open space and provides services.

Christ international Christian centre("CICC") is a charity formerly excepted from registration with the Charity Commission but registered in June 2009, Charity Number 1130005. The CICC having responsibility together with the incumbent for the whole mission of the Church, met bi-monthly during 2023. It also has maintenance responsibility for the Church centre complex of Christ Church Woking.

Membership

Members Of the CICC are effectively the charity trustees and are ex officio or elected by the Annual CICC Church Meeting (ACCM) in accordance with the Church Representation Rules. During the year. the following served as members of the CICC

At the Annual CICC Church Meeting (ACCM), held on 24 April 2023:

We thank them all for their willingness to stand and for faithful service to the CICC.

Structure, Governance and Management

The appointment of CICC members is governed by the Church Representation Rules, with the additional limitation passed at the ACCM, that elected CICC members serve for a maximum of two continuous terms of three years. Thereafter, a person has to stand down for at least one year. This does not apply to the Deanery and Diocesan Synod representatives who are elected on a regular three-year cycle. Christ international Christian center has been granted five Deanery Synod representatives and their election took place at the ACCM on the 24 April 2023. The next election will be in April 2026.

The church is heavily reliant upon the volunteer involvement of its members and in most areas the staff or members of the congregation are involved in the charitable activities. The church also chooses to give grants to selected partner organizations with similar aims.

The principal activities and achievements within the year are set out below. The CICC has complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission regarding public benefit.

The CICC has considered the principal risks to which the church is exposed and are satisfied that appropriate risk management and internal controls systems and processes are in place to effectively manage these risks.

Purpose and Objectives

Christ international Christian (CICC) has the responsibility of cooperating with the incumbent in promoting the objects of the charity, namely ‘promoting in the ecclesiastical parish the whole mission of the Church’.

As a church, our mission and ministry are guided by five core values:

  1. WORSHIP CICC is called to be a place of passionate Spirit-filled, seeker-friendly worship, where we enjoy God's presence and where those who do not yet know Jesus discover more of his love.

  2. WELCOME CICC is called to be a place where ail people, irrespective of a8e, race, culture, or background, find a warm welcome, into the life of the church, a place of belonging, and a place to serve and use their giftings.

  3. WITNESS CICC is called to be a church that shares the love of Jesus Christ, in word and in action, both sharing the good news of Jesus in words, and showing the good news of Jesus in action.

4. WALKING WITH JESUS CICC is called to be a church where every member, whatever age, grows as a disciple of Jesus, growing closer to Jesus, growing more like Jesus, and going more for Jesus.

5. WEMBLEY& THE WORLD CICC has a unique calling as a witness for Christ in Wembley Town Centre, to support our local partner churches and reach the increasing global Wembley community. We are called to support Christ's global church by supporting our Mission Partner Families and Organizations

The CICC has responsibility for the stewardship of the Parish Church, its offices and rooms, plus Orchafd Drive, a church-owned property currently occupied by the Associate Vicar. CICC employs a staff team and is significantly supported by volunteers contributing to many areas across men and women‘s groups, prayer support, Life Groups, children's and youth work, hospitality, music and worship, finance, buildings operations and maintenance and information and technology services.

Review of the year

Christ Church had a good year in 2023 in our ministry and mission, including our first Church Weekend Away for four years. The year felt quite stretched with the first half without an Associate Vicar and the second half without an Operations Manager when Jane Ashdown moved to the Call Manager role during the year. So, it was a delight to welcome Emma Doman to the team in September as Associate Vicar, which has strengthened our pastoral team. She has taken on the oversight of Pastoral Care, Prayer Ministry and the Six7hirty service as well adding invaluable support in communications and operations.

Worship

Our regular services of worship have continued to grow and strengthen, especially seeing a good number of families join our 10.30am service, boosting our Kids Church numbers. Alongside this we now have over 215 people in our 17 midweek Lite Groups, which is a strong sign of healthy commitment in the life of the church. In June we had our first •east evening of extended worship. food, and fellowship in the same service, and now Emma has taken on the role of pastoring the SixThiity there are now regular social events planned each month after the service.

In March we had our Church Weekend Away, with the theme “Abundant", with Dave Richards (Rector of St Pauls & St Georges Edinburgh) speaking about how God gives far more than we ever expect. This was a great encouragement to step out in faith for God and specifically as we relaunched our Gateway Project (see below) The weekend was attended by 240 adults, youth and children and was a real time of fun, faith, and fellowship, helping new friendships form and old ones deepen.

Youth and Chi/dren’s min/shy

As our fficfs Ministry has been growing, it's been great to see more people step onto the team ably led by Hannah Joyce, our bids Pastor. New initiatives this year have been a regular monthly visit to Starbucks for the Year 6 children and 7fie treat, an ‘Alternative to Halloween“ party for Year 5 and Year 6 kids. Hannah ran a Parenting for Failh course in the spring term and has strengthened links with Maybury School, who visit each Easter and Christmas, by becoming a governor.

In C4: Youth, both Sunday groups, •use in the morning and Ignite in the evening, have grown in depth and numbers. The groups have enjoyed a range of social events, and gatherings to deepen faith, such as Luminosity at New Wine United, David's Tent, and the local Encounter event run by Engage. Ignite now have a monthly meal together before the evening service, and then serve lhere once a month.

At the end of the year, 7 young people signed up to go to Kibera, Nairobi on a Youth Mission Trip in Summer 2024, to run a Kids Holiday Club for Turning Point. The young people began fundraising in eafnest, including joining in the S/um Sozvfror initiative sleeping out to raise money for Kibera and Match4Mission. Matt Burrage, our Youth Pastor, has been ably supported this year by Josh Tuohy joining the team as an intern as part of the New Wine Discipleship 'r'ear scheme.

Witness fa the World

CICC runs Alpha & Xintsugi Hope outreach courses alongside which we continued with our weekly Warm We/come Space, a welcoming drop in on Wednesdays for all those seeking friendship, support and who maybe batt!•e isolation and loneliness. It was originally started as an initiative to help those

struggling with cost-of-living through the winter months of 2022-2023, but has now become such a valued space that we ran it throughout 2023 and now have a committed team welcoming in 20 or so people each week.

Our CMP Centre continues to run under Sarah Goddard's committed leadership. CAP is funded via dedicated doners and through a grant from our Isaiah Fund. Although the CAP centre was surprisingly quiet for first half of 2023, possibly as frontline signposting services have been withdrawn, it became noticeably busier thereafter, with Sarah increasingly occupied. By end of 2023 the restricted CAP fund was significantly depleted and therefore we are now reviewing the right way to take the ministry forward on a stronger footing for 2024.

We continue to support oor ñfission Partner -am///es and Organ/safions from around Wembley and the world, see note 13 Grants for further details. The First Fruits fund, equal to 5°4 of the previous year's unrestricted giving, is set aside for our kt/ssion Partner Fami/ies; the /saiaJ Fund, which is supported by Sunday collections and an annual Gift Day, supports our Partner Organisations which are charitable organisations we support around the world. In 2023 the two funds together gave just over £77k to our Mission Partners, which is equivalent to 13°4 of ouf unrestricted giving. This is a testimony to the generous heart of CICC, and the commitment we have to support mission and ministry beyond our four walls, fa enable God's love to be shared around the world.

Bos7nesses and buildings

Overall, our businesses continue to make a positive financial contribution to the church at the same time providing valuable missional opportunities into the town.

The Cai'4 had a strong year posting a healthy profit which was a real testimony to the strength of the team as they adjusted to Sheila Hargreaves stepping down from her role as Café manager and Jane Ashdown moving into the position.

Origin sooAs/iop had a tougher time, being unable to quickly change prices to adjust for inflation, unlike the Café. However, the bookshop performed in line with expectations through the year seeing an increase in sales compared to 2022. Within the Gateway project we redesigned a new shop layout, including a comfortable seating area to encourage browsing, doubling up as overflow seating for the Café, Further, we are giving consideration to the future strategy of the bookshop and to inform this seek the feedback from the many customers who find the bookshop such a place of welcome and support.

Conferencing

Conferencing has been the business to take the longest to pick up following Covid-19. Conference income for the year was significantly below expectations. However, as we approached Christmas 2023, there was a noticeable uptick in not only bookings for Christmas but also enquiries for 2024. As more workers return to their offices, room hife for conferences and training appears to be coming back into fashion, and early indications are that 2024 may perform closer to pre-pandemic levels

Gate ' ay pro/eel

Our Gateway Projeo demonstrated significant progress during the year. With revised plans, and with planning permission expiring in Jan 2025, we relaunched the Gateway Project to the congregation. and announced new scaled-back plans, focused on delivering a new Youth & Community centre; updated kitchen, toilet, Café and bookshop facilities; more space; and opening up the west end for better access.

Following two Gateway Gift Days in June and October the Gateway fund comprised of cash and firm pledges amounted to £3.1 million. We expect to get full faculty permission, final designs, and issue a tender during 2024 for work to start in January 2025. The main effort during 2024 will focus on grant applications and fundraising.

Safeguarding

CICC takes the safeguarding of children and adults seriously. Every year our CICC adopts and implements the House of Bishops' Safeguarding Policy Statement, displayed in the church entrances with contact details that anyone can use. We use the Safeguarding dashboard to track our progress on compliance with policies and procaduras, and this year the diocese is rolling out a Safeguarding Tracking System to help us with safer rscru'itment and training of church staff and volunteers for those Wembley with children and vulnerable adults. All reported concerns continue to be escalated to the Diocesan safeguarding advisor for action or advice. Our safeguarding officers are Rachel Allen for children and Sarah Goddard for vulnerable adults.

As we continue to look forward into 2024 and beyond, I am conscious of the challenges ahead, with the continued fundraising for Gateway becoming an increasingly important focus, whilst also at the same time not losing sight of our important ongoing mission and ministry - to grow in our love for God, and then sharing and showing his love in word and action. The way we keep our eyes on both these priorities is to keep our eyes fixed on Jesus at all times who, as our Church Weekend Away reminded us, always does “immeasurably more than all we could ask or imagine, according to his power that is at work in us". (Ephesians 3v20)

Sunday service attendance statistics 2023

Average
attendance
figures		 Adults Adults Adults Adults Youthandchildren’ Youthandchildren’ Youthandchildren’ Youthandchildren’
Service° 2019’ 2021^ 2022 2023 2019 2021 2022 2023
8:00/9:00
am		 10 42 44 46
/10.30 am 188 109 132 152 70 13Youth
45Children		 16Youth
46Children		 16Youth
54Children
‘10:30 am -
Onlined		 80 79 98
6.30pm” 61 60 56 54 6 13

Notes:

• In 2019 morning services were at 8:00am and 10:00am and changed in 2021 to 9:00am and 10:30am

^ 2020 attendance figures not reporied due to Covid-19 pandemic which also Impacted early 2021 figures

Youth and children reported in aggregate for 2019, also for 6:30pm service due to few and irregular numbers

° Online worship service attendance figures represent viewing figures across each full Sunday reflecting that households may watch together on one device or separately on multiple devices at different times over the course of the Sunday

Financial Review

The financial statements provide a consolidated view on the activities of the Church covering its mission, ministry and operational businesses. The Rev7ew o/' the Year report above describes the full range of events and activities that the Church has undertaken and been involved in during 2023.

That said, the Church has been blessed with sustained strong regular giving for continuing activities and one-off donations particularly for our Gateway church premises redevelopment project.

Total income rose £936k to £1,976k (2022: £1,038k) including associated income tax recoveries. Unrestricted fund income from donors was C495k slightly up from £488k in 2022. Restricted funds income rose to £964k compared to £197k in 2022 primarily due to donations from two specific gift days for our Gateway project which amounted to £881k (2022: £39k). Interest received on cash deposits increased to £38k (2022: £8k) due to the higher balances invested on behalf of the Gateway project which were invested at higher interest rates than the prior year. See note 2 Income and Endowments for further information.

Total grants paid amounted to £77k (2022: £75k). The First Fruits designated grants fund comprises 5°/» of the previous year's unrestricted donations and therefore for 2023 was a similar amount compared to 2022. During 2023, designated funds distributions of £25k (2022: £26k) was distributed to 5 (2022: 6) partner organisations. Grants made from designated and restricted funds, including our Isaiah Fund, totalled C77k (2022: £75k) which were made to 26 (2022: 21) partner organisations. See note 13 Grants /'or further information.

-7-

Total expenditure, excluding grants, Café and bookshop costs, amounted to £1,042k compared to £940k in 2022, an increase of £102k. This change has resuI(ed from increase in activity scope compared to 2022 with the biennial Church Weekend Away and our new Associate Vicar as well as inflation which has been seen in higher salary rates, util“t.y and maintenance costs.

Business activities income from the Café, bookshop and conferencing room hire amounted to C472k (2022: £431k) an increase of £41k with all three activities delivering improved performance compared to 2022. The net profit contribution from the Caf6 and bookshop after all associated costs was £12k compared to £9k in 2022. Revenue income from conferencing room hire was £52k compared to £51k in 2022.

Total net incoming resources for the group were £856k (2022: M2k) primarily due to the Gateway project donations.

Fixed asset expenditure was C13k (2022: £37k) which was mostly for the business activities.

Total net assets and reserve funds at year end were £2,614k compared to £1,758k in 2022.

Net current assets of the group increased by £859k io E2,439k (2022: £1,572k) primarily due to the Gateway project donations. Net asset balances included cash and deposit balances of C1,734k (2022: E1,120k), Gateway project prepayments of £409k (2022: £374k) and income tax recoverable of £248k (2022: £34k).

Unrestricted funds increased to £85Ok (2022: £841k). At the year end the unrestricted reserves, excluding fixed assets and Gateway prepayments, were £266k (2022: M80k) which is the equivalent of 101 days of corresponding unrestricted expenditure (2022: 114 days).

Designated funds were unchanged over the year at £171k and restricted funds increased to £1,593k from £746k, mainly due to Gateway project donations.

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards and the Charities Statement of Recommended Practice (SORP) 2015, Accounting and Reporting by Charities.

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On behalf of the CICC
I Mens ;
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Dated 15 April 2024

Statement of Responsibilities of Members of the CICC

The trustees (Members of the CICC) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required IO:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the CICC

By order of the CICC

Dated 15 April 2023

Auditors' Report

Independent Auditor's Report to the Members of Christ international Christian Centre CICC Church Council (the CICC)

Opinion

We have audited the financial statements of the CICC and its subsidiary (the group) for the year ended 31 December 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Company Balance Sheet, the Consolidated Cash Flow Statement and the notes to the financial statements on pages seventeen to thirty. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you were'

Other information

The members of the CICC are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of the members of the CICC

As explained more fully in the Statement of Responsibilities of Members of the CICC set out on page 9, the members of the CICC are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members of the CICC are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members of the CICC either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would besome aware of non-complianœ. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members of the CICC and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Use of our report

This report is made solely to the members of the CICC, as a body, in accordance with Chapter 4 of the Charities Acl 2006. Our audit work has been undertaken so that we might state to the members of the CICC those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the CICC and the members of the CICC as a body, for our audit work, for this report, or for the opinions we have formed

Consolidated Statement of Financial Activities For the year ending 31 December 2023

Unrestricted Designated Unrestricted Designated Restricted Total Group Total Group Total Group Total Group
Note Funds Funds Funds Funds 2023 Funds 2022 Funds 2023 Funds 2022
INCOME AND ENDOWMENTS
FROM
Donations from donors 2a 495,441 964,635 1,460,076 595,856
Other donations and legacies 2b 1,978 - 2,971 4,949 2,952
Incoming resources from operating
activities:
-
To further the Council's
objectives 2c 471,530 - 471,530 431,424
-
Income from investment		 2d 1,530 37,609 39,139 7,768
TOTAL INCOME AND
ENDOWMENTS 970,479 - 1,005,215 1,975,694 1,038,000
EXPENOITURE ON
Grants 3a 300 25,090 51,716 77,106 75,206
Activities directly related to the work
of the church 3b 960,092 10,042 72,322 1,042,456 940,376
TOTAL RESOURCES EXPENDED 960,392 35,132 124,038 1,119,562 1,015,582
NET INCOMING/(OUTGOING) 10,087 (35,132) 881,177 856,132 22,418
Transfer between funds (532) 35,042 (34,510)
NET MOVEMENT IN FUNDS 9,555 (90) 846,667 856,132 22,418
BALANCES B/F AT 1 JANUARY 840.694 171,096 746,246 1,758,036 1,735,618
BALANCES C/F AT 31
DECEMBER 850.249 171, 006 1,592,913 2.614,168 1,758,036

13-

Balance Sheets as at 31 December 2023

Note
FIXEDASSETS
Tangible Fixed assets
7
InvestmentAssets
7
CURRENTASSETS
Stock
debtors
9
Short Term deposits
Cash at Bank and in Hand
LIABILITIES: AMOUNTS FALLING DUE
\MTHIN ONE YEAR
10
NET CURRENT ASSETS
NETASSETS
FUNDS
8
Designated
Unrestricted
Restricted		 Group 2023
Group 2022
174,860
186,338		 CICC 2023
CICC 2022
162,987
178,190
7
7
174.860
186,338		 162,994
178,197
94,178
87,547
686,300
443,554
1.060,806
770,123
673,119
349.939		 865,261
625,281
1,022,469
747,105
644,770
300.353
2.514,403
1,651,163		 2,532,500
1,672,739
75,095
79,465		 49,490
49,010
2 439 308
1 571 698		 2 483010
1,623729
2 614 168
1 758 036
171,006
171,096
850,249
840,694
1,592,913
746,246		 2 646 004
1 801 926
171,006
171,096
882,081
884,581
1,592,917
746,249
2,614,168
1,758,036		 2,646,004
801,926

The notes on pages 16 to 28 form part of these accounts.

-14-

CICC Church Council of Christ Church, Wembley Statement of Cash Flows for the year ended 31 December 2023

Note 2025 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash generated from operating activities A 588,135 12,173
CASH FLOW FROM INVESTING AGTIVITIES
Interestreceived 39,139 7,768
Expenditure on capital items (13,411) (37,480)
Net cash used for investing activities 25,728
_		 (29,712)
Change in cash and cash equivalents in the reporting period 613,863 (17,539)
Cash and cash equivalents at the beginning of the reporting period 1,120,062 1,137,601
Cash and cash equivalents at the end of the reporting period 1,733,925 1,120,062
Classified on the balance sheet as:
Short term deposits 1,06O,8LB 770,123
Cash at Bank and in hand 673,119 349,939
1,733,925_ 1,120,062
NOTES TO THE STATEMENT OF GASH FLOWS:
A. RECONCILIATION OF NET INCOME TO NET CASH GENERATED FROM OPERATING ACTIVITIES
2023 2022
Net surplus for the year 856,132 22,418
Other (loss on disposal of assets) 316
Interestreceived (39,139) (7,768)
Depreciation of tangible assets 24,573 32,795
(Increase)/decrease in debtors (242,746) (63,684)
(Increase)/ decrease in stock (6,631) (6,298)
(Oecrease)/ increase in creditors (4,370) 34,711
NET CASH GENERATED FROM OPERATING ACTIVITIES 588,135 12,173

Notes to the Financial Statements

For the year ended 31 December 2023

1. Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Charities SORP (FRS 102), Accounting and Reporling 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 (FRS 102) (effective 1 January 2015). Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention except for the re-valuation of certain fixed assets and include the results of the church and of its subsidiary company, Origin Books & Media Limited.

Funds

Unrestricted funds represent the funds of the CICC that are not subject to any restriction regarding their use and are available for application on the general purposes of the CICC. Funds designated for a particular purpose by the CICC are also unrestricted. The income into restricted funds is restricted by the donors.

The accounts include all transactions, assets and liabilities for which the CICC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Income and endowments

Voluntary income and capital sources

Other ordinary income

Income from investments

Gafrts and losses on investments

Consolidation

The results of Origin Books & Media Ltd for the year ended 31 December 2023 have been consolidated on a lineby-line basis. The company is limited by shares and under the control of the church.

1. Accounting Policies (continued)

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the CICC.

Activities directly slating to the work o/the church

The Diocesan Parish Share is accounted for when payable.

Operating Leases

Rentals paid under operating leases are charged to the statement of Financial Activities when incurred under the terms of the rental agreement.

Pensions

The church operates a stakeholder pension scheme, matching employee contributions up to 5°4 of salary. Contributions payable for the year are charged in the statement of financial activities

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.

No value is placed on movable church furnishings held by the churchwardens on special trust for the CICC and which require a faculty for disposal since the CICC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Unconsecrated land and buildings

Unconsecrated land and buildings are recorded at cost, or, if acquired prior to 1 January 1995. at market value as at 1 January 1995. Depreciation is charged on buildings on a straight-line basis over the currently anticipated useful economic life of fifty years.

Tangible fixed assets

Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives by equal instalments with a full annual charge in the year of acquisition. Assets under £500 are not capitalized. The principle useful economic lives applied in calculating depreciation are as follows:

Freehold land and buildings Over SO years Equipment Over 4 years Furniture and Fittings Over 10 years

Investments

Investments are valued at market value at the balance sheet date.

Current Assets

Taxation

Corporation tax is chargeable on the profit earned from the conferencing business, unless the turnover is below the small trading exemption limit.

2. Income and endowments from

2(a) Voluntary Income from donors
3.Expenditure on
3(a) Grants
Missionary and Charitable Giving
Church overseas
Missionarysocieties
Relief and development agencies
Home missions and church societies
PlannedGiving
Gift Aid donations
Income Tax recoverable
Other planned giving
2(b) Other voluntary income
Grants
Legacies
Children's ministry income
Youth ministry income
Other Income
2 (c) Church Activities
Café
Bookshop
Conferencing room hire
Rental income
Fees
2 (d) Income from Investments
Interest
TOTAL INCOMING RESOURCES		 Unrestricted Designated Restricted
funds
Funds
Funds
294,109
703,577
78,777
-
175,893
122,555
-
85,165		 2023
2022
20,240
35,860
21,057
9,580
35,809
29,766
2023
2022
997,686
359,574
254,670
98,348
207,720
137,934
1,460076
595856
2,500
1,844
-
55
1,108
176
-
2182
-
4,949
2,952
268,260
244,140
142,922
134.600
51,635
50,589
8,638
1,300
75
795
471,530
431,424
39,139
7,768
39,139
7,768
1,990,688
1,038,000
495,441
-
964,635
1,000
1,500
55
-
176
-
747
-
1,471
1,978
-
2,971
268,260
-
142,922
-
51,635
8,638
75
-
-
471,530
-
1,530
-
37,609
1,530
-
37,609
970,479
- 1,005,215
Unrestricted Designated
Restricted
funds
Funds
Funds
16,400
3,840
-
4,740
16,317
300
3,950
31,559
300
25,090
51716		 7106
75206

3. Expenditure on (continued)

3(b) Activities directly relating to the work of the Church

Minisf/y:
Diocesan parish share
Teachin9a"IdMinistry
Clergyhousing
Church running expenses.'
Utilities
insurance
Maintenance
Conferencing
Other Ministry:
Children's Ministry Salaries
Children's Ministry Expenses
Youth Ministry Salaries
Youth Ministry Expenses
Pastoral Ministry Salaries
Pastoral Ministry Expenses
OutreachExpenses
Church Services
Christians Against Poverty salaries
Christians Against Poverty expenses
Music recitals
Church Centre costs
Church weekend away
Bookshop
Café
_Gateway _expenditure
Printing, postage and stationery
Administrationsalaries
Telephone and communication costs
Management fees
Bankcharges
Accountancy Fees
StaffTraining
Depreciation
Loss on sale on fixed assets
Auditor's remuneration - audit
TOTALEXPENDITURE		 Unrestricted DesignatedRestricted
funds
Funds
Funds
119,373
-
19,781
-
6,567
65,649
9,798
(59)
-
43,058
3,534
6,907
-
42,298
4,084
34,598
3,533
34,789
880
1,640
2,979
1,552
2,988
22,605
5,335
81,795
39,151
149,503
245,918
-
49
3,066
23,627
14
14,789
-
-
4,413
1,976
431
-
7,358
24,573
316
12,988
-
-		 2023
2O22
119,373
121,704
19,781
1,420
6,567
4,182
65,649
48,592
9,739
9,810
47,192
44,251
6,907
2,320
42,298
36,464
4,084
3,991
34.598
32,491
3,533
3,352
34,789
21,241
2,520
2,095
4,531
1,439
2,988
4,511
22,605
21,671
5,335
8,529
706
81,795
102,034
39,151
-
149,503
144,061
245,918
224,348
49
-
3,066
3,052
23,641
21,658
14,789
17,184
-
1,888
6,389
3,341
431
1,260
7,358
9,566
24,573
32,795
316
12,988
10,420
960,092
10,042
72,322		 1,042,456
940,376
960,392
35,132
124,038		 1,129,862 1,015,582

4. Staff Costs

Wages and Salaries
Pension Costs
Social Security Costs		 Group2023
Group 2022
400,048
373,706
18,814
16,838
25,251
23,696
444,113
414,242

Average number of full time and equivalent employees

YouthMinistry
Pastoral Ministry
Childrens Ministry
WorshipMinistry
Church Centre
Administration
Christians Against Poverty
Bookshop
Cafe		 1.0
1.0
1.3
1.0
1.3
1.2
1.0
0.6
1.6
2.2
1.7
1.6
0.6
0.6
1.7
1.8
4.9
15.2
14.9

There were no employees with emoluments in excess of £60,000 for the year

5. Members Expenses

Expenses have been paid to the clergy members of the CICC in connection with the carrying out of their office. These include travel and subsistence, postage and telephone, training and books, and hospitality. A total of C631 was paid in the year (2022: £859).

No other payments or expenses were paid to CICC members, persons closely connected to them or related parties.

6. Related Party Transactions

Intercompany

At 31 December 2023 there was an outstanding balance due from its subsidiary Origin Books and Media Limited £63,014 (2022: £63,014). No interest is charged on this loan and it is the intention of the church to continue to support its subsidiary.

7. Fixed Assets for use by the CICC

Freehold
Land and Furnitureand
TANGIBLE FIXED ASSETS Buildings Equipment Fit(ings Total
Group E E E £
Actuals Deemed cost
CICC 210,000 121,186 334,630 665,816
Office - 19,050 36,896 55,946
At 1 January 2023 210,000 140,236 371,526 721,762
Additions 12,611 800 13,411
Disposals ” (2,374) - (2,374)
At 31 December 2023 210,000 150,473 372,326 732,799
Depreciation
CICC 99,400 111,998 276,228 487,626
Origin 15,616 32,182 47,798
At 1 January 2023 99,400 127,614 308,410 535,424
Charge for the Year 7,625 16,948 24,573
Disposals ” (2,058) (2,058)
At 31 December 2023 99,400 133,181 325,358 S57,939
Net Book Value At 1 January 2023 110,600 12,622 _63,116 186,338
Net Book Value At 31 December 2023 110,600 17,292 46,968 174,860
CICC
_Actual/Deemed _Cos/
At 1 January 2023 210,000 121,186 334,630 665,816
Additions 4,835 800 5,635
Disposals
At 31 December 2023		 2,374
210,000
123,647
335,430
es
eeee		 374
669,077
(2,
)
Depreciation
At 1 January 2023 99,400 111,998 276,228 487,626
Charge for the Year 5,060 15,462 20,522
Disposals “ (2,058) - (2,058)
At 31 December 2023 99,400 115,000 291,690 506,090
Net Book Value At 1 January 2023 110,600 9 188 58 402 178 190
Net Book Value At 31 December 2023 110,600 8,647 43,740 162,987

Freehold land and buildings represent a property that is currently used by the Associate Vicar in Orchard Drive, Woking. The deemed cost is the CICC's estimate of market value in 1995 when this asset was first recognized in the accounts.

Investment Fixed Assets

The entire share capital of Origin Books & Media Limited, under former name Beacon (Christ Church) Limited, was acquired on 2 January 2004 for the nominal value of £1 per share.

8. Analysis of Net Assets by Fund

Unrestricted Designated Restricted Restricted
Group Funds Funds Funds Total Funds
Fixed Assets 174,860 174,860
CurrentAssets 750,484 171,006 1,592,913 2,514,403
CurrentLiabilities 095
(75,
__»)		 - - 095
(75,
_)
Funds Balance at 31 December 2023 850,249 171,006 1 592 913 1 592 913 2 614 168
CICC C £ £ C
Fixed Assets 162,994 162,994
CurrentAssets 768,577 171,006 1,592,917 2,532,500
CurrentLiabilities 49,490 49.490
Funds Balance at 31 December 2023 882,081 171,006 1,592,917 2,646,004

At year end Group Unrestricted Net Current Assets. net of Gateway prepayments, were £266,303 being Current Assets £750,484 less Gateway prepayments E4O9,086 less Current Liabilities £75,095 (2022: C280,170).

These reserves represented 101 days (2022: 114 days) of Unrestricted Expenditure as shown in the statement of financial activities (M66,312 / £960,092 x 365).

8. Analysis of Funds

Transfer Balance at 31
Balance at 1 Incoming Resource between December
Designated funds' January2023 Resource Expended funds 2023
DesignatedGrants 103 (25,090) 25,000 13
SubtotalCharity and Mission 103 - (25,090) 25,000 13
CyclicalRepairs 21,783 (3,402) 3,402 21,783
Major Repairs 39,326 39,326
OrchardDrive/Vicarage 10,184 (6,640) 6,640 10,184
GatewayProject 99700 99.700
SubtotalBuildings 170.993 10,042 10.042 170 993
Total Designated funds 171,096
a		 35,132 35,042 171,006
Transfer Balance at 31
Balance at 1 Incoming Resource between December
RestrictedFunds' January2023 Resource Expended funds 2023
RestrictedGrants 6,128 57,290 (53,081) - 10,337
Henry Smith* 1,134 2,286 (1,299) - 2,121
Healing on the Streets 169 0 (68) 101
Christians Against Poverty 5,165 22,493 (26.642) - 1,016
Christians Against Poverty -
CAP Job Club 13 - 13
Besom 99 99
Overseas and Youth mission 13,353 1,300 (1,094) - 13,ssg
SubtotalCharity and Mission 26,061 83,369 (82,184) 27,246
Children'sMinistry 428 428
Pastoral* 4,034 25 (273) - 3,786
GrowingLeaders 488 488
Care Network Fund 180 180
ChurchWeekend Away - 38,692 (39.082) 390 -
Warm Welcome Space 1,500 (458) - 1,042
SubtotalMinistry 5.130 40,217 (39,813) 390 5,924
IT and audio visual 10,302 - 10,302
SubtotalEquipment 10,302 10,302
Restricted Buildings Fund 3,750 - - 3,750
Gateway Project 701,003 881,629 (2,041) (34,900) 1,545,691
SubtotalBuildings 704,753 881,629 (2,041) (34,900) 1,549,441
Total Restricted Funds 746,246 1,005,215 (124,038) (34,510) 1,592,913

The Designated and Restricted Grants funds are for missionary and chantable giving.

' The Henry Smith Charity fund is used by the vicar for those in need - restricted to a specific geographic area. ' The Pastoral fund includes gifts for pastoral activity, including church events.

CICC funds are as Group funds, excluding the Group Restricted Buildings fund,

9. Debtors

Income Tax Recoverable
Amounts due from Group Undertaking
Prepayments and Accrued interest
Gateway Prepayments
OtherDebtors		 Group2023
Group 2022
CICC2023
CICC 2022
248,089
33,773
248,089
33,773
181,017
187,351
14,197
17,860
14,198
17,860
409,086
374,186
409,086
374,186
14,928
17,735
12,871
12,111
686,300
443,554
865,261
625,281

The Church's loan to the subsidiary is repayable on demand however the Ghurch considers this to bs a long-term receivable as it unlikely to be repaid within a year.

10. Liabilities: Amounts Falling Due Within One Year

Group 2023 Group2022 CICC2023 CICC 2022
Accruals of utility & other costs 39,176 35,826 36,884 33,374
Creditors for goods and services 13.440 22,965 9,880 15,320
Other creditors & deferred income 22,479 20,674 2,726 316
75,095 79,465 49,490 49,010

11. Capital and financial commitments

There are no capital commitments or financial commitments under operating leases.

12. Taxation

There is no tax payable for the year (2022: nil).

13.Grants
Grants of E1,O00 and over
A Rocha International
Across
Arocha
Besom
Bethesda Life Centre
Christians Against Poverty
Church Mission Society
Elam
EngageWoking
Faith to Share
Fusion
International Miner's Mission (IMM)
James 1 V 27 Foundation
Mahabba Network International
Match for Mission
Mayburylaptops
OMF International UK
OpenDoors
Turning Point Trust
Wycliffe Bible Translators
York Road Project
Other grants of less than £1,000
Total grants		 Unrestricted
Designated
Restricted
2023
2023
2023
-
4,400
-
1,000
3.449
-
10.000
1.000
7,000
•
1,500
3,000
1,000
6,000
8,400
3,240
8,067
7,800
-
-
3,850		 Group
2023
Group
2022
750
4.400
3,000
1,000
3,449
2,426
6,000
10,000
8,013
2,950
1,000
750
7,000
6,000
1,500
1,320
3.000
3,150
1,000
6,000
1,000
3,000
B400
10,100
750
11,307
12,125
7,800
8,080
3,850
2,927
-
23,940
45,766		 _
69,706
72,341
300
1,150
5,950		 7,400
2,865
300
25,090
51,716		 77,106
75,206

Grants totalled £77,106 (2022: £75,206) which were made to 26 organisations (2022: 21). There were no grants made from unrestricted funds (2022: nil).

During the year there were no grants to individuals (2022. nil).

CICC Church Council of Christ Church, Wembley

14. Comparative figures for Statement of Financial Activities For the year ending 31 December 2022

The below note provides the comparative figures for the 2022 statement of financial activities split between the different classes of funds.

Unrestricted Designated Restricted Total Group
Note Funds Funds Funds Funds 2022
£ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies from donors 2a 488,008 107,848 595,856
Other donations and legacies 2b 1,844 1,108 2,952
Incoming resources from operating
activities:
-
To further the Councils' objectives		 2c 431.424 431,424
•
Income from investment		 2d 1 274 6 494 7 768
TOTAL INCOME AND ENDOVVMENNTS 922,550 115,450 1,038,000
EXPENDITURE ON
Grants 3a 25,680 49,526 75,206
Activities directly related to the work of the
church 3b 897,923 8,311 34,142 940,376
TOTAL RESOURCES EXPENDED 897,923 33,991 83,668 1,015,582
NET INCOME/(EXPENSE) 24,627 (33,991) 31,782 22,418
TRANSFERS BETWEEN FUNDS (4,350) 42,462 (38,112)
NET MOVEMENT IN FUNDS 20,277 8,471 (6,330) 22,418
BALANCES 8/F AT 1JANUARY 820,417
———		 162,625 752,576 1,735,618
BALANCES C/F AT 31 DECEMBER 840,694
Se		 171,096 746,246 1,758,036

-26-

15. CICC Statement of Financial Activities

Total
CIC
C
Unrestricted Designated Restricted TotalCICC Funds
Note Funds Funds Funds Funds 2023 2022
INCOMINGRESOURCES £ £ £ £ £
Incoming resources from donors 2a 495,441 - 964,635 1,460,076 595,856
Other voluntary incoming
resources 2b 1.978 2,971 4,949 2,951
Incoming resources from
operating
Activities to further the CICC
objectives 2c 60,349 60,349 52,684
Income from investment 2d 1,211 - 37,i509 38,820 7,750
TOTAL INCOMING
RESOURCES 558,979 1,005,215 1,564,194 659,241
RESOURCESEXPENDED
Grants 3a 300 25,090 51,216 76,606 75,206
Activities directly related to the
work of the church		 560,646 10,042 72,822 643,509 570,446
TOTAL RESOURCES
EXPENDED 560,946 35,132 124,038 720,115 645,652
NET INCOMING/(OUTGOING)
BEFORE INVESTING
ACTIVITIES ‹1.g6zt (35,132) 881.177 844,079 13,589
CAPITAL EXPENDITURE BY
FUNDS 34,900 - (34,900)
TRANSFERS BETWEEN FUNDS 8 (35,432) 35.042 390
NET MOVEMENT IN FUNDS (2,499) (90) 846,667 844.079 13,589
BALANCES B/F AT 1 JANUARY 864,581 171,096 746,249 1,801,926 1,788,337
BALANCES C/F AT 31
DECEMBER 882,081 171,006 1,592,917 2,646,004 1.801,926

16. Origin Books & Media Limited

Origin Books & Media Limited is a wholly owned subsidiary of the church and operates a bookshop and Café within the church premises.

It is recognised that the Origin Books & Media subsidiary was in material deficit at the year end. The CICC intends to continue supporting Origin Books & Media. Recent years have shown profits and the deficit is gradually reducing.

At 31 December 2023 it had current assets of £162.919 (2022: C165,775). liabilities of £206,620 (2022: £217,805) and deficit of £31,829 (2022: deficit £43,883). The summary of its profit and loss account for the year ended 31 December 2023 is as follows:

Total income
Total expenditure
Profit for the year		 2023
2022
418,162
381.701
(401,108)
(372,873)
12,054
8,828

The stock shown in the group balance sheet consists of books, media. gifts and catering supplies.

Origin Books & Media Limited files its own separate entity accounts with Companies House with registered number 02581840 (England and Wales).