Charity number: 1080149 INTERNATIONAL CHRISTIAN MISSION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
INTERNATIONAL CHRISTIAN MISSION CONTENTS Page Reference and admlnlstratlve detslls of the Charlty. Its Trustees and advlsers Trustees. report Independent examinetrs report Statement of financial activities Balance sheet Notes to the financial statements 10-19
INTERNATIONAL CHRISTIAN MISSION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHATY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Rev Dr E Rubaduka Mr H S Critchley, Chair (to March 2025) Mr E Rubaduka Mr D Wakefield Mr E Allen {resigned 7 December 2024) Dr M Fonge. Chair (from March 2025) Charity registered number 1080149 Principal office 1st and 2nd Floor 65 High Street Ashford Kent TN24 8SG Accountants Magee Garnmon Chartered Accountants Henwood House Henwood Ashford Kent TN24 8DH Founders Rev Dr E Rubaduka Mrs J Rubaduka Page 1
IKrERNATIONAL CHRISTIAN MISSION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of the Charty, International Christian Mission (ICM), fr)r the year from 1 January 2024 to 31 December 2024. Objectives and activities a. Policies and objectives The prtncipal objects of the charity are the advancement of the Christian faith and in particular, but without derogation from the generality: i) the planting of a network of Christian church congregations beginning in Wye near Ashford, Kent, and spreading nationally and intemationalty thereafter, ii) 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 wrth the statement of farth set forth in the declaration of trust: iiil the relief of need, suffering and distress by the provision of hospitality and visits to the lonely, the rejected and the outcast. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefrt when reviewing the charitls aims and objectives, and in planning future activities. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefrt. including the guidan 'Public benefrt.. running charity (PB2)'. Page 2
IKrERNATIONAL CHRISTIAN MISSION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities (continued) b. Strategies for achieving objectives The UK Church Ashford Pentecostal Church The UK church promotes the growth of both new and mature Chri5tian5 through Bible Studies, prayer and home fellowships. Baptism classes are held for those wishing to be baptised. Ashford Pentecostsl 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 initiated by the Ashford Churches Together association and seNes as a Distribution Centre for the Family Foodbank. Overseas Missions i) Zambia - The second branch of ICM mTnistry 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 Enoch was compelled by the Zambian Home Office to name himself as Lead Pastor. In 2018 the church ceased functioning due to there being no suitable local pastor. However. through that door. Pastor Jeannine Rubaduka seized the opportunity to pioneer a prison outreach, first in Lusaka and. later on. in other parts of the country. In recent years, thousands of inmates in prisons across Zambia have been fed and many r1Ved 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 reinstating Him as their Saviour and Lord. ii) Rwanda (Rwerere Health Centre and Church) - In 2008, the Rwandan government gave responsibilty for this Health Centre to the Pentecostsl 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 before coming to Ihe UK in 1988 for his PhD at Wye College, Universty of London. The ICM ministry was instrumental in resuscitating the Health Centre after the Crvil 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 between 2008 and 2012. During that period, ICM bought a piece of land which has proved invaluable in temis of helping with the expansion of the Centre. With the help of the Govemment, new units have been built on it and the Centre now boasts many departments and services which were previously unknown in the area. This Health Centre takes care of over 10,000 individuals in the Northern region of Rwanda. Since 2022, ICM has been helping the church with occasional donations to assist them in completing their new church building. 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 2024 Achievements and perfomiance a. Maln achlevements of the Charity al The UK church In 2024. ICM celebrated its Silver Jubilee. The event was marked by a large celebration in Wye Village Hall, at which we also introduced two members of the Nepali communty onto our Leadership Team. During the year, three individuals were baptised. Throughout the year. we continued to serve as a Distribution Centre for the Family Food Bank and in December we again provided a few local families and individuals with Christmas hampers filled with goods donated by our church members. In October, the church was obliged to relocate its offices and the move to new premises in Ashford High Street was completed. We thank God for the provision of this bright and airy space, which comprises complete floors. The first floor provides the admin office and Pastorfs office, along Wbth a toilet and the second fioor provides a large room. suitable for meetings and small prayer or worship gatherings, with a small kitchenette area and a second toilet adjacent. b) Overseas Misslon Democratic Republic of Congo The church continues to support a small group of children in Bukavu wtth financial donations to cover the cost of school and exam fees. For the 23-24 school year we supported 8 students, one in primary and seven in Secondary education. Pastor Enoch visited the community in September" a donation was sent to pay for a new roof for the building which had been damaged by a terrible fire earlier in the year. We were also delighted to offer money as a wedding giftldowry to one of the former students on the occasion of his marriage. Rwanda There was no visit to Rwanda in 2024. However, there were several pastoral exchanges and prayers over phone with the Senior Pastor of Rwerere, who is officially retired but who still carries the workload of the ministry there due to the lack of another suitable servant of God willing to do the work sacrificially and voluntarily. Lately, the Rwandan Government has become somewhat aggressive towards churches, imposing very high standards and tough measures for religious organisations rf they wsh to continue operating. The two m05t urgent tasks, therefore, is to complete a new church building and to have a Pastor trained at university level. In addition to pastoral prayers and words of encouragement, £320 was sent out to the church in Rwerere to help with their church building project. There is still some way to go. however, before the building is complete. Zambia Assistant Pastor Jeannine travelled lo Zambia in May and October, both funded by her own private means. In May, a cow purchased by Pastor Jeannine fed over 1500 men and almost 1000 also responded to the gospel message. 150 women were also ministered to. receiving clothing, frd, soap and female sanitary items. We are still awaiting a final report from the EFZ (Evangelical Fellowship of Zambia) regarding the October visit. Flnancial review . Going concern After making appropriate enquiries, the TTUStees 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 concern basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. Page 4
INTERNATIONAL CHRISTIAN MISSION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 b. Reserves policy The charty maintains free reserves to enable the charity to continue in operation for the short term. The aim is to hold reserves equivalent to three months operating costs which is approximately £14,000. Currently, free reserves stand at £10.534. The intention is to continue to build reserves to a suitable level over the coming years. c. SurpSus forthe year The charty achieved a surplus for the year of £3.603 (2023 - £10.193). Of this, a deficit of £1,131 (2023 surplus of £2,026) relates to general funds and a surplus of £4.734 {2023 - surplus of £8,167) to restricted funds. Structure, governance and management a. Constitution International Christian Mission is a registered charity, number 1080149, and is constituted under a Trust deed dated 20 March 2000 as amended by a Deed ofAmendment dated 16 January 2016. b. Methods of appointment or election of Trustees The management of the Charity is the responsibilty of the Trustees who are elected and CO<JPted under the terms of the Trust deed. c. Organisational structure and decision-making policies ICM (Intemational Christian Mission) was conceived as a ministry umbrella under which many churches would be born. The first branch of the ministry, ICM Wye Pentecostal 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 charty to the board of trustees who are then responsible for the overall decision making. stafring and expenditure. Day-to4ay decisions are made by the Pastor, supported by the administrator, whilst major decisions are made together with the whole leadership team. d. Financial risk 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. Page 5
IKrERNATIONAL CHRISTIAN MISSION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for future periods In the long-term. we are praying and believing for our own premises, which can accommodate our worship services and offices under one roof. as well as allowing us to expand our Community OLrtreach. Our Building Fund saw a miracle of a large one-off gift and we pray for many more such miracles in the Coming years. Securing a pemianent place of worship in a convenient location will faciltste the work of the ministry, increase the bond of fellowship. and maximise the effectiveness of our outreach. Increasingly, Pastor Evangile, along with the Leadership Team, will be serving this local church while Pastors Enoch and Jeannine wll be focusing on intemational outreaches. For the Democratic Republic of Congo, we are looking to spearhead a socioeconomic project to bring relief to the fire-devastated and war-torn town of Bukavu, whilst for Rwanda we intend to keep assisting them in their effort to complete their church building. What the Rwerere church has accomplished so far is very impressive considering the socio*conomic level of the local community. As for the prison outreach in Zambia. this is a field of outstanding breakthrough. It shall go from strength to strength. We believe that, in the near future, some membeTS of our community will start, by their own means. accompanying these founders in their intemational outreaches Statement of Trustees. 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¢pIed Accounting Practice). The law applicable to Charities in England & Wales requi$ the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources. including its income and expendsture. for that period. In preparing thes@ financial statements, the Trustees are required to: select suitable accounting policies and then appty 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 statements., prepare the financial statements on the going concem 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 to show and explain the Chariws transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements Comply viith 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 hence 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 and signed on their behalf by: Dr M Fonge (Chair of Trustees) Date: 23 August 2025 Page 6
INTERNATIONAL CHRISTIAN MISSION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the Trustees of International Christian Mission ('the Charity.) report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Responsibilities and basls 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 Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice 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 respecL 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. My work 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 examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Andrew John Childs, FCA Dated: 3 September 2025 Magee Gammon Chartered Accountants Henwood House Henwood Ashford Kent TN24 8DH Page 7
IKrERNATIONAL CHRISTIAN MISSION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Investments 3,675 1,516 55,407 59,082 1,516 59, 644 602 Total income 5.191 55.407 60,598 60,246 Expenditure on: Charitable activities 56,538 56,995 50, Q53 Total expenditure $6.538 56.995 50,053 Net movement in funds 4,734 (1,131) 3,603 10. 193 Reconclllatlon of funds: Total funds brought foward Net movement in funds 43,922 4.734 11.665 (1,131) 55,587 3,603 45.394 10. 193 Total funds carried forward 48,656 10,534 59,190 55,587 The Statement of financial activtiies includes all gains and losses recognised in the year. The notes on pages 10 to 19 fomi part of these financial statements. Page 8
IKrERNATIONAL CHRISTIAN MISSION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 10 2,528 58.790 1,361 55,883 61.318 57,244 Creditors: amounts falling due within one year (2.128) (1.657) Net current assets 59,190 55.587 Total net assets 59.190 55,587 Charity funds Restricted funds Unrestricted funds 13 13 48,656 10,534 43,922 11,665 Total funds 59,190 55,587 The financial statements were approved and authortsed for issue by the Trustees and signed on their behalf by: Dr M Fonge (Chair of Trustees) Date: 23 August 2025 The notes on pages 10 to 19 fomi part of these financial statements. Page 9
INTERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General inforniation Intemational Christian Mission is a charity registered in England and Wales under number 1080149. The principal office is 1 st and 2nd Floor. 65 High Street. Ashford. Kent, TN24 8SG. 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 Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Chariknes 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 faiff view. This departure has involved followng the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 whtch has since been withdrawn. Intemational Christian Mission meets the definition of a public benefit entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will bè received and the amount of income receivable Can be measured reliably. Income tax recoverable in relation to investrnenl income is recognised at the time the investment income is receivable. 2.3 Expendlture Expendtture is recognised once there is a legal OT constructive obligation to transfer economic benefit to a third party, Éi is probable that a transfer of economic benefits will be required in settlement and the amount of the obligatFon can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the totsl of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that actmty. Shared costs which contribute to more than one activity and support costs which are not attribLrtable to a single activty are apportioned between those activtties on a basis consistent 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 asset's use. Expenditure on charttable activities is inCued on directly undertaking the activities which further the Charity's objectives. as well as any associated support costs. All expenditure is inclusive of Ir0verable VAT. 2.4 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity-. this is normally upon notification of the interest paid or payable by the institLrtion wtth whorn the funds are deposited. Page 10
INTERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles (continued) 2.5 Glft Ald In the case of a Gift Aid payment made within the Group, income is accrued when the payment is payable to the Parent Charity under a legal obligation. Measurement is at the fair value receivable, which will nomially be the transaction value. Where the right to receive Grft Aid has been established. the amount recetvable is recognised as income in the Statement of financial activities. 2.6 Debtors Trade and other debtors are recognised at the settlement amount after 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-term 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 Liabilities 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 thal a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabiltties are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced paJThents for the goods or services 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 present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specifi¢ to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finan¢e cost. 2.9 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are iniiially recognised at transaction value and subsequentty measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 11
INTERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {continued) 2.10 Pensions 2.11 Fund accounting General funds are unrestricted funds 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 funds 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 specrfic restrictions irnposed by donors or which have been raised by the Charty for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income. gains and losses are allocated to the appropriate fund. Income from donations and legacies Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Donations 3.675 55,407 59,082 Reslricted Unstn.¢ted 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 Investment income Restricted funds 2024 Total funds 2024 Bank interest re[Vable 1,516 1.516 Page 12
INTERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment income (continued) Restricted funds 2023 Total funds 2023 Bank interest receivable 602 602 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2024 2024 Total 2024 Charitable activities 457 56,538 56,995 Restricted Unrestricted funds funds 2023 2023 Total 2023 Charitable activities 2, 164 47,889 50.053 Page 13
INTERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysis of expenditure by activitie5 Activities undertaken directty 2024 Support costs 2024 Total funds 2024 Charitable activities 29.019 27,976 56.995 Activities undertaken directly 2023 Support costs 2023 Tot81 funds 2023 Charitable activities 27,221 22, 832 50.053 Independent examlnerfs remuneratlon The independent examinerfs remuneration amounts to an independent examiner fee of £1,638 (2023 - £1,452), and payroll services of £522 {2023- £5161. Staff costs 2024 2023 Wages and salaries ContribLrtion to defined contribution pension schemes 31,168 787 28. 135 678 31,955 28.813 The average number of persons employed by the Charity during the year vrds as follows". 2024 2023 Pastoral Administration No employee received 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 DECEMBER 2024 Trustees. remuneration and expenses During the year. one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charty as Pastor. The value of Trustees. remuneration and other beneffts was as follows: 2024 2023 Dr E Rubaduka Remuneration Pension contributions paid 21,976 787 19,800 678 During the year ended 31 December 2024, expenses totslling £Nil were reimbursed or paid directly to no Trustees (2023 £Nil) in respect of their duties as twstees of the charty. The expenses relate to reimbursed out of pocket expenses. which Can include travel, ¢onferen¢es and other expenses. 10. Debtors 2024 2023 Due within one year Other debtors 2,528 1,361 11. CredltorJ: Amounts falllng due wfthln one year 2024 2023 (Xher taxation and social security Other creditors Accruals and defeed income 276 118 1,734 103 102 1,452 2,128 1, 657 12. Financial instruments 2024 2023 Financial assets Financial assets measured at fair value through income and expenditure 58,790 55, 883 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 2024 13. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Transfers inlout Income Expenditure Unrestrtcted funds Designated funds Mission fund 582 (1.201) 1.080 461 General funds General Funds 11,083 55,407 155,337 (1,080) 10,073 Total Unrestrfcted funds 11,665 55.407 156,538) 10,534 Restricted funds Building Fund Mission Fund Rwerere Fund Boxes of Hope 43.872 4.689 63 414 48.561 {63) 1320) {74) 50 43,922 5,191 {457) 48,656 Total of funds 55,587 60,598 156.995> 59,190 Page 16
INTERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds {continued) Statement of funds - prior year Balance at 31 December 2023 Balance al l January 2023 TransferB Iout Income Expenditure Unrestricted funds Designated funds Mission fund 576 (1,074) 1,080 582 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 35 43,872 (239) (851) 866 35, 755 9.257 (1,090) 43.922 Total of funds 45,394 60.246 (50,053) 55,587 Page 17
IMrERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Summary offunds Summary of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Transfers inlout Income Expendlture Designated funds General funds Restricted funds 582 11,083 43,922 {1,201) 155.337) (457) 1,080 (1,080) 461 10,073 48.656 55,407 5.191 55,587 60.598 156.995) 59,190 Summary of funds- prioryear Balance at 31 DgGember 2023 Balance at 1 January 2023 Trdnsfa iout Income Expendilure Designated funds General funds Restricted funds 576 9,063 35, 755 (1.074) (47,889) (1.090) 1,080 (1,080) 582 11,083 43,922 50.989 9.257 45,394 60,246 (50.053) 55,587 15. Analysls of net assets between funds Analysis of net assets between funds - current period Restricted Unrestrfcted funds funds 2024 2024 Total funds 2024 Current assets Creditors due within one year 48,656 12,662 (2,128) 61.318 (2,128) Total 48,658 10,534 59,190 Page 18
IiirERNATIONAL CHRISTIAN MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Analysis of net assets between funds Icontlnued) Analysls of net assets between funds - prior period Restsicted Unrestricted funds fvnds 2023 2023 Total funds 2023 Current assets Creditors due within one year 43.922 13,322 (1,657) 57.244 (1,657) Total 43, 922 11,665 55,587 16. Purpose of funds Desi nated funds The Mission fund represents amounts set aside by the twstees to be used in support of the overseas Mission. including supporting widows and orphans in the Congo. The transfer from the General fund to the Designated Mission fund represents the amount set aside Month by the church to cover the children's school fees. Restricted funds The Building fund represents amounts received towards the cost of purchasing a pennanent building. The Mission fund represent amounts reiVed to be used in support of the overseas Mission, including supporting widows and orphans in the Congo. The Rwerere Fund was initially set up to provide help for the Health Centre in Rwerere but is currently being used to support the Rwerere church in their building project The Boxes of Hope fund was to provide parcels to children and familities without the bare necessities. These parcels contained food supplies for the whole famity. essential househoEd items, activities and wellbeing resources, information on other support and messages of hope. ICM is one of 244 churches in the UK partnered with TLG to deliver these parcels. 17. Pension commitments The charty operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £787 {2023 £678). Contributions totalling £118 (2023 - £102) Ere payable to the fund at the balance sheet date and are included in creditors. 18. Related party transactlons Other than the transactions disdosed in note 9. there were no transactions with related parties in the year (2023 - none) Page 19