Charity number 1080149
INTERNATIONAL CHRISTIAN MISSION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

INTERNATIONAL CHRISTIAN MISSION
CONTENTS
Page
Reference and admlnlstrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the flnanclal statements
10-19

INtERNATIONAL CHRISTIAN MISSION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Rev Dr E Rubaduka
Mr H S Critchley, Chair
Mr E Rubaduka
Mr D Wakefield
Mr E Allen
Dr M Fonge
Charity registered
number
1080149
Principal office
1 st Floor OffI￿S
162 Godinton Road
Ashford
Kent
TN23 1LN
Accountants
Magee Gammon
Chartered Accountants
Henwood House
Henwood
Ashford
Kent
TN24 8DH
Founders
Rev Dr E Rubaduka
Mrs J Rubaduka
Page 1

INTERNATIONAL CHRISTIAN MISSION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER2023
The Trustees present their annual report together with the finanaal statements of the Charity, International
Christian Mission (ICM), for the year from 1 January 2023 to 31 De￿rnber 2023.
Objectives and activities
a. Policies and objectives
The principal objects of the charity are the advancement of the Christian faith and in particular, but without
derogation from the generalty.
i) the planting of a network of Christian thurch congregations beginning in Wye near Ashford. Kent, and
spreading nationally and intemationally thereafter,
li} the proclamation of the gospel of Jesus Christ and the preaching and teaching of the way of the Word of God
in the United Kingdom and other such places as shall be decided upon by the trustees consistently with the
statement of faith set forth in the dedaration of trust
iii) the relief of need, suffering and distress by the provision of hospitality and visits to the lonely. the rejected and
the outcasL
The trustees confirm that they have referred to the guidan￿ contained in the Charity Commission's general
guidance on public benefit when reviewirKJ the charity's aims and objectives, and in planning fvture actj'vities.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefi( including the guidance 'Public benefit. running a
charity (PB2)'.
Page 2

INTERNATIONAL CHRISTIAN MISSION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Objectives and adivitles (continued)
b. Strategies for achieving objectives
The UK Church
Ashford Pentecostal Church
The UK church promotes the growth of both new and mature Christians through Bible Studies. prayer and home
groups. Baptism classes are held for those wishing to be baptised. Ashford Pentecostal Church is able to hold
wedding blessings and couples intending to marry are encouraged to receive pre and post marriage counselling.
The church also supports local outreaches inibated by the Ashford Churches Together association.
Overseas Mission5
i) Zambia - The second branch of ICM ministy began in 2013 with the planting of Lusaka Pentecostal Church,
which later on became Zambia Pentecostal Church. In the absence of an ordained minister, Pastor Encch was
compelled by the Zambian Home offi￿ to name himself as Lead Pastor. In 2018 the church ceased functioning
due to there being no suitable local pastor. However. the registration of ICM Zambia Pentecostal Church remains
open as it enables the suc￿sSful prison outreach ministry. headed up by Assistant Pastor Jeannine Rubaduka
to conts"nue. In re￿nt years, thousands of inmates in prisons across Zambia have been fed and many received
gifts of Bibles, clothes and other items. The Word of God has also been preached with many receiving Christ for
the first time and others reinstaling Him as their Saviour and Lord.
ii) Rwanda - Rwerere Health Centre. In 2008. the Rwandan govemment gave responsibility for this Health Centre
to the Pentecostal Church in Rwerere. This church had been planted in 1982 by the current ICM Pastor. when he
was serving the Rwandan Government in Agricultural Research befo￿ coming to the UK in 1988 for his PhD at
Wye College. University of London.
The ICM ministy was instrumental in resuscitating the Health Centre after the Civil War in the 1990s. The
facility was revamped with the help of local authorities in partnership with ADEPR (the umbrella denomination of
Pentecostal churches in Rwanda). This partnership was initiated by ICM Pastor in his many trips to Rwanda
be￿een 2008 and 2012. During that period. ICM bought a piece of land which has proved invaluable in terms of
helping wth the expansion of the Centre. With the help of the Government, new units have been built on it and
the Centre now boasts many departments and ServI￿S which were previously unknown in the area. This Health
Centre takes care of over 10,000 individuals in the Northem region of Rwanda.
iii) DR Congo, Bukavu (Widows, orphans and families) - ICM supports a small group in this area, in particular
paying the school fees of orphans & disadvantaged children in primary and secondary education and
occasionally providing money for food.
Page 3

INTERNATIONAL CHRISTIAN MISSION
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance
a. Main achievements of the Charity
a) The UK church
2023 saw a continued increase in church attendance. A total of 11 individuals We￿ baptised,. particularly
encouraging was the number of teenagers and young people amongst this group. Lent was marked by 40 days
of prayer, where we met in different homes acr05S the fellowship. Over the summer months we embarked on
prayer walking in Stanhope, followed by open Air Sunday service outside the Parish Hall where we usually
meeL This sparked interest amongst a number of the children who often play in that area. Our online Bible
Studies on the book of Revelation continued. with participation of friends from overseas.
The church continued to support the community by supptying Foodbank boxes throughout the year. In addition,
we ran our Boxes of Hope Winter Project be￿een January and March. In December, we also delivered
Christmas hampers to some of our dients and a small group sang carols at the William Harvey hospital. which
was very well received by staff, patients and visitors alike.
b> Overseas Mission
Democratic Republic of Congo
The church continued to support a small group of children in Bukavu with financial donations to cover the cost of
school and exam fees. For the 22-23 school year we supported ten students, one in primary and nine in
Secondary education. Pastor Enoch visited the community on his trip to Afri￿ in October 23.
Rwanda
During his trip to Africa in the autumn, Pastor Enoch Nfjsited the Health Centre and Church in Rwerere. He was
delighted to report on the new Health Centre built on the plot of land purchased by ICM and the progress being
made on the new church building there.
Zambla
In December, Assistsnt Pastor Jeannine travelled to Zambia by her own private means in order to bless
prisoners there with a Christmas meal and to preach to them the Word of GCAI. Hundreds of inmates were
attended to and many responded to the invitation to T￿l¥e Jesus.
Financial review
. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial statement& Further details regarding the adoption of the going
concem basis can be found in the accounting policies.
b. Reserves policy
The charity maintains free reserves to enable the charity to continue in operation for the short term. These
reserves were diminished in the pandemic but are now recovering. The aim is to hold reserves equivalent to
three months operating costs which is approximately £10.000. Currently. free reserves stand at £11,083.
Page 4

INTERNATIONAL CHRISTIAN MISSION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
. Surplus for the year
The charity achieved a surplus for the year of £10,193 (2022-£3,989). Of this. £2,026 (2022- £1.678) relates to
general funds and £8,167 (2022- £2.312) to reS￿ted funds.
Structurei governance and management
a. Constltutlon
Intemational christs.an Mission is a registered charity, number 1080149. and is constituted under a Trust deed
dated 20 March 2000 as amended by a Deed of Amendment dated 16 January 2016.
b. Methods of appolntment or elecllon of TNstees
The management of the Charity is the responsibility of the Trustees are elected and co-opted under the
terms of the Trust deed.
c. Organlsatlonal structure and declslon-maklng policies
ICM (International Christian Mission) was conceived as a ministy umbrella under which many churches would
be born. The first branch of the ministy. ICM Wye Pente￿sta1 Church, became Ashford Pentecostal Church in
2004 when the church relocated. To date. Ashford Pentecostal Church continues to carry all the weight of ICM.
The Senior Pastor submits the vision and direction of the charity to the board of trustees vtho are then
responsible for the overall decision making, staffing and expenditure. Day-to-day deasions are made by the
Pastor, supported by the administrator, whilst major decisions are made together with the whole leadership
team.
d. Financial rlsk management
The Trustees have assessed the major risks to which the Charity is exposed. in particular those related to the
operations and finances of the Charity. and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Plans for future perfods
Looking ahead. we are obliged to find new offices as the lease in Godinton Road is due to expire in October 24.
In Qur search in March 24, we were drawn to an office in the town ￿ntre with a relatively affordable pri￿.
Unforbjnately, we were unable to commit to it as we still had seven months left to run on our current lease. We
will resume our search over the summer in the hope that our forthcoming move will be smooth.
In the long-term. we are praying and believing ft)r our own premises, which can accommodate our worship
services and offices under one roof, as well as allown9 US to expand our community outreach. Our Building
Fund saw a miracle of a large one-off gift and vrfe pray for many more such miracles in the coming years.
Securing a pemianent place of worship in a convenient location will facilitate the work of the ministry, increase
the bond of fellowship, and maximise the effectiveness of our outreach.
In 2024, we are also planning to consolidate the leadership of Ashfofd Pentecostal Church by an official
recognition of Iwo members of the Nepali group. one as a LeaderlElder and another one as Deacon. These two
are actively working to strengthen this community which is a significant part of our church. Increasingly, Pastor
Evangile, along with the Leadership Team, will be serving this local church while Pastors Enoch and Jeannine
will be focusing on intemational outreaches.
Page 5

INTERNATIONAL CHRISTtAN MISSION
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of Trust88s' responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally A¢￿pted Accounting
Practi￿>.
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial vrfhich give a true and fair view of the state of affairs of the Charity and of its incoming reSoUr￿S
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102)"
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statemeni5-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient tc show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financia] position of the Charity
and enable them to ensure that the financial statements comply wtth the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees on 3 August 2024 and signed on their behalf by:
Mr H S Critchley
(Chair of Trustees)
Page 6

INTERNATIONAL CHRISTIAN MISSION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent examinerfs report to the Trustees of Internatlonal Christian Mission ('the Charity.
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2023.
Responsibllltles and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Acf).
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
in carying out my examination I have fdlowed the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independont examinerfs statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordan￿ with Accounting
and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their
accounts in accordance with the Financial Repo￿"ng Standard applicable in the UK and Republic of Ireland
(FRS 102) in preference to the Accounling and Reporting by Charities: Ststement of Recommended PractiGe
issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015,
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records: or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concems and have come across no other matter5 in connection with the examination to which
attention should be drawn in this report in order to enable a proper underslanding of the accounts to be
reached.
This report is made solely to the Charivs Trustees, as a body, in accordance wth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My V￿rk has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examiners report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyon8 other than
the Charity and the Charitls Trustees as a body, for my work or for this report.
Signed..
Dated: 20 September 2024
Andrew John Childs. FCA
Magee Gammon Corporate Limited. Henwood House, Henwood, Ashford, Kent, TN24 8DH
Page 7

INTERNATIONAL CHRISTIAN MISSION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Investments
8,655
602
50.989
59.644
602
49, 149
134
Total income
9,257
50,989
60,246
49,283
Expenditure on:
Charitable activities
1,090
48,963
50,053
45.294
Total expenditure
1,090
48.963
50,053
45.294
Net movement in funds
8,167
2.026
10.193
3.989
Reconciliation of funds:
Total funds brought forward
Net movement in funds
35.755
8,167
9.639
2.026
45,394
10,193
4q,405
3,989
Total funds carrled fonmard
43.922
11.665
55.587
45,394
The Statement of financial activities indudes all gains and losses recognised in the year.
The notes on pages 10 to 19 fonn part of these financial statements.
Page 8

INTERNATIONAL CHRISTIAN MISSION
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Current assets
Debtors
Cash at bank and in hand
10
1,361
55,883
1,589
45,399
57,244
46,988
Creditors: amounts falling due within one
year
(1.657)
(1.594)
Net current assets
55,587
45,394
Total net assets
55.587
45,394
Charlty funds
Restrtcted funds
Unrestricted funds
13
43,922
11,665
35, 755
9, 639
13
Total funds
55,587
45,394
The financial statements were approved and authorised for issue by the Trustees on 03 August 2024 and signed
on their behalf by:
Rev Dr E Rubaduka
(Chair of Trustees)
Mr H S Critchley
{Trustee)
The notes on pages 10 to 19 fom part of these financial statements.
Page 9

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General information
Intemational Christian Mission is a charity registered in England and Wales under number 1080149. The
principle office is 1 st Floor Offices. 162 Godinton Road, Ashford, Kent TN23 1 LN.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102} -
Accounting and Reporbng by Charities" Ststement 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 2019), the Financial Reporting Stsndard
applicable in the UK and Republic of I￿land (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practice effectNe from 1 April 2005 which has since been wtthdrawn.
Intemational Christian Mission meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are intbally recognised at historical cost or transactTron value unless otherwise stated in
the relevant accounting poli￿.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receNable can be measured reliably.
Grants are included in the Statement of finanaal activities on a re￿1vable basis. The balan￿ of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheeL Where income is received in advance of entidement of receipt, its
recognition is deferred and induded in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
2J Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft
to a third paty. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs
of each activity are made up of the total of direct costs and shared costs, induding support costs
involved in undertaking each activty. Direct CA)sts attributsble to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis ccnsistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asseys use.
Expenditure on chaiitable acttVFties is incurred on direcdy undertaking the activities which further the
Charitys objectives, as well as any associated support costs.
All expenditure is indusive of irrecoverable VAT.
Page 10

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢counting policies (continued)
2A Interest receivable
Interest on funds held on deposit is induded when re￿1vable and the amount can be measured
reliably by the CharÉty.' this is normally upon no￿r￿tiOn of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Gift Aid
Where the right to recetve Gift Aid ha5 been established. the amount re￿1vable is reco9nised as
investment income in the SL3tement of financial activities.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount afler any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account
2.8 Liabilrties and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlemenl and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charty anticipates it will pay to settle the debt or the
amount it has reTrived as advanced payments for the goods or SeNi￿S it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the p￿sent value of those
amounts. discounted at the pre-tax discount rate that reflects the risks spec￿lC to the liability. The
unwinding of the discount is recognised in the Statement of ffinan￿al activities as a finance cost.
2.9 Flnanelal Instruments
The Charity only has finanaal assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
Page11

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢countlng poli¢ies (contlnuedl
2.10 Penslons
2.11 Fund accounting
General fund5 are unrestricted fijnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted frjnds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specffic restriciions imposed by
donors or which have been raised by the Chanty for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. Tre aim and use of each restricted
fijnd is set out in the notes to the finanaal statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Restrlcted Unrestrlcted
funds
funds
2023
2023
Total
funds
2023
Donations
Similar incoming resources
8.655
50,883
106
59,538
106
8.655
50.989
59,644
Resfricted Unrestncted
funds
funds
2022
2022
Total
funds
2022
Donations
4,255
200
44,694
48,949
200
Grants
4,455
44,694
49,749
Page 12

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 DECEMBER 2023
Investment Income
Restricted
funds
2023
Total
funds
2023
Bank interest receivable
602
602
Restricted
funds
2022
Total
fvnds
2Q22
Bank interest receivable
134
134
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestri¢ted
funds
funds
2023
2023
Total
2023
Charitable activities
1,090
48,963
50.053
Restricfed Unrestncted
fiinds
funds
2022
2022
Total
2022
Charitsble activities
2,379
42.915
45,294
Page 13

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Anatysis of expenditure by activities
Activities
undertaken
directty
2023
Support
costs
2023
Total
funds
2023
Charitable activities
27,221
22.832
50.053
Actiw-ties
undertaken
directly
2022
Support
costs
2022
Total
funds
2022
Charitable activities
25, 370
19.924
45,294
Independent axaminerfs remuneration
The independent examinerfs remuneration amounts to an irKlependent examiner fee of £1.452 (2022
- £1.460J, and payroll services of £516 (2022- £558).
Staff costs
2023
2022
Wages and salaries
Contribution to defined Gontribution pension schemes
28,135
678
24,929
589
28.813
25,518
The average number of persons employed by the Charity during the year was as follows:
2023
2022
Pastoral
Administration
No employee re￿iVed remuneration amounting to more than £60,000 in either year.
Page 14

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2023
Trustees, remuneration and expenses
During the year, one or more Trustees has been paid remuneration or has receNed other benefits from
an employment with the Charity as Pastor. The value of Trustees, remuneration and other benefits was
as follows:
2023
2022
Dr E Rubaduka
Remuneration
Pension contributions paid
19,800
678
17,784
589
During the year ended 31 December 2023, expenses totalling £Nil were reimbursed or paid directly to no
Trustees (2022 - £53 to 1 Trustee) in respect of their duts.es as trustees of the charity. The expenses
relate to reimbursed out of pocket expenses, which can indude travel, conferences and other expenses.
10. Debtors
2023
2022
Duo Within one year
other debtors
1.361
1,589
11. Creditors= Amounts falling due within one year
2023
2022
Other taxation and social seajrty
Other creditors
Accruals and deferred incorr
103
95
102
1.452
89
1.410
1.657
1,594
12. Financial Instruments
2023
2022
Financial assets
Financial assets measured at fair value through incorrE and expenditure
56,883
45,399
Financial assets measured at fair value through income and expenditure comprise of bank and cash
balances.
Page 15

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Statement of funds
Statement of funds - current year
Balance at
31
Dacember
2023
Balance at 1
January
2023
Transfers
inlout
Income Expenditur8
Unrestricted funds
Designated funds
fvlission fund
576
(1,074)
1.080
General funds
General Funds
9,063
50,989
(47.889)
(1,080)
11.083
Total Unrestrlcted funds
9.639
50.989
(48,963)
11,665
Restricted funds
Building Fund
Disaster Fund
Boxes of Hope
34,889
8,983
239
43.872
{239)
(851)
35
50
35,755
9.257
(1,090)
43.922
Total of funds
45.394
60.246
(50.053}
55,587
Page 16

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
statement of funds (continued)
Statement of funds - prior year
Balance at
31
De￿mber
2022
Balan￿ at
l January
2022
Trnnsfers
in/out
In￿rne Expenditure
Unrestricted funds
Designated funds
Mission fund
584
(694)
686
576
General funds
General Fund5
7.379
44, 694
(41. 830)
(q. 180)
9,063
Total Unrestricted funds
7,963
44, 694
(42.524J
(494)
9.639
Restricted fun(ts
Building Fund
Mission Fund
Disaster Fund
32.082
2.807
116
535
759
34, 889
(390)
(535J
(828)
(1,017)
274
RwereTe Fund
Boxes of Hope
69
q51
1,360
372
866
33,442
{2, 770)
494
35, 755
Total of funds
41.405
49,283
(45.294)
45,394
Page 17

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Summary of funds
Summary of funds - current year
Balance at
31
December
2023
Balance at 1
January
2023
Transfers
inlout
Income Expenditur8
Designated funds
General funds
Restricted funds
576
(1,074
{47,889>
(1,090>
1.080
11.080)
582
9.063
35,755
50.989
9,25T
11,083
43,922
45.394
60,246
(50,053)
55,587
Summary of funds - prior year
Balance at
31
December
2022
Balance at
l January
2022
Transfe
in/out
Income Expenditure
Designated fvnds
General fijnds
Restricted funds
(694)
(41,830)
(2.770J
686
(1, 180)
494
576
9,063
35, 755
7.379
33.442
44.694
4.589
41,405
49,283
(45, 294)
45,394
15. Analysls of net assets between funds
Anatysls of net assets between funds - current year
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Current assets
Creditors due within one year
43.922
13,322
(1,657)
57.244
11,657)
Total
43,922
11,665
55,587
Page 18

INTERNATIONAL CHRISTIAN MISSION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15.
Analysis of net assets between funds {continued)
Anatysis of net assets between funds - prior year
Restricted Unrestricted
funds
fvnds
2022
2022
Total
funds
2022
Current assets
Creditors due within one year
35, 755
11,233
(1, 594)
46,988
{1,594)
Total
35, 755
9, S39
45,394
16. Purpose of funds
Desi
nated funds
The Mission fund represents amounts set aside by the trustees to be used in support of the overseas
Mission. induding supporting widows and orphans in the Congo. The transfer from the General fund to the
Designated Mission fund represents the amount set aside monthly by the church to cover the children's
school fees.
Restricted funds
The Building fund rep￿sents amounts re￿iVed towards the cost of purchasing a pennanent building.
The Mission fund represent amounts re￿iVed to be used in support of the overseas Mission, including
supporting widows and orphans in the Congo.
The Rwerere Fund was to provide support to Rwerere in Rwanda
Tre Boxes of Hope fijnd was to provide parcels to children and familities without the bare necessities.
Tttese parcels contained food supplies for the whole family, essential household items, activities and
wellbeing resources, infomiation on other support and messages of hope. ICM is one of 244 churches in
tho UK partnered with TLG to deliver these parcels.
17.
Pension commitments
The charity operates a defined contributions pension scheme. The assets of the scheme are held
seperately from those of the charity in an independendy administered frjnd. The pension cost charge
represents contributions payable by the charity to the fund and amounted to £678 {2022 £589)-
Contributions totalling £102 (2022 - £88) were payable to the fund at the balance sheet date and are
induded in creditor5.
18. Related party transactions
Other than the transactions disdosed in note 9, there were no tran5action5 With related parties in the year
(2022 - none)
Page 19