REGJSTERED COMPANY NUMBER: 04938573 (England and Wales) REGISTERED CHARITY NUMBER.. IJ08690 THE INTERNATIONAL COMMum￿ CHURCH FOUNDATION LIMrrED Una¥dited Fin4D¢ial Sl*tements foT the Yew Ended 31 Dectmber 2020 Tudor John Limit•l Nighungale House 4￿8 East Stsret Ep50m Surrey KT17 IHQ *A4DRJVIV' 2510912021 COMPANIES HOUSE A06 *79 THE IKfERNATtONAL commu￿ CHURCH FOUNDATION LIMITED Contents of the FiDancial Siatements foT tbe year euded 31 December 2020 P* Report of the Trn￿te$ I to 3 Ind¢pendeDt EAaJnlner's Report St*tem¢th¢ •fFittandal A¢OvltE B*lance Shttt Notes lo the Flnancial Statements 8 to 12 THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED IREGISTERED NUMBEIL. 04938573) Report ofthe Trusltts for tbe yeJr 31 D¢t¢4Dber 21120 The trustees who arE also directors of the ch8riry for the putp)ses of the Companies Act 2(K16. present their TEPOrt with the f￿ancial 5tstrm¢nts of the chariry for the year ended 31 December 2020. The ¢DJ51ees hav¢ adopted th¢ provisions of Attounting and Reporring by Charitics.. Stattment of Recommendcd PTath"ce applicable io charihes preparing theiT ￿CoW￿lS in accordance with ibe FiTJancial Reporting Stsndard appIl￿ble in the UK and R¢public of Ireland (FRS 102) (effective I January 2019). OBJECTIVLS AND ACTIVITIFS The Charity's objects are the advancement of rdigton and such other pur￿￿ arc Charitable under the laws of Eogland and Wales. The aim of the charity in the year ended 31si December 2020 was lo support th¢ activities of Inlernational Community Church. its mi5sion5, cducation and outreach PfO8Tammes. arf where practi¢able, to increase the extent of these programJn¢5. Through these activities, the objective to prn￿de clwithble support and ¢du￿tiOn to the De¢dy and 5pre&d tbe understanding of the Christian Faith. The main objective for the year was to raise wfficieni fun&5 ro finance the activities outlined above. Specifically. to meet the cost of the stsfc rent and otTice setvices of Interoational Community churc￿ and to provide thern with funds for the support of rnissions in Romania, UK. and elsEwhere. ACHtEVEMEf4T AI¥D PERSORMANCE The charity achieved its purp)se in that ti was able to provid¢ sufficient fun&% to fund the activities of the Internation¥1 CommuDity Church for the year. FtNANCIAL REVIEW The Charity h&s a policy by whicb the equivalent of * least 3 months owgoings ore heid Én a reserve bank account. on the expectslion that illcome me¢ts or exceed5 quarterly oulgoings. Release of mollies from th¢ reserv¢ bank account, which would impinge on ihe 3 rn(￿th policy. requires th¢ authorisation of a quon￿) of Tn￿[Ce￿. Th¢ fimding strdtegy relies on pledges, bnfts ￿)d donations from the congregation of the InternatioDal Cornlnunity Church. Th¢ Ch3rity's totsi iDcornc for the year endcd 31M Dttcmlxr 2020 was £440,106 whicb included donatioTLS and Gift Aid. DonatioDS and Gifi Aid were 10.2•/0 ]Jigber this year than in the las( fman¢ial year. The av¢r4ge rnonthiy ex￿nd10Jrt of Intemaiional Community Chw¢h h35 incrtas¢d slight]y to £35.876 per month. Overall there has been an in¢rw¢ in r¢5erves. Ai 31st December 2020. the totsl reKrve5 of th¢ Charity wcrc £307,884 and bank balances amounted to £444,887. The re5¢rv¢ bank ac¢ount Showed a balance of £141.497 whicb was alm051 4 tuDes the average rnonthly CXPCDdifure of International Community Church. The Charity5 incorne and cxpense5 arc managed and in service solely for fimding the missionary and op¢rdting activiry of the Intemationai Community Church. All grants paid by the Charity go to the International Community Church opuating account or the Missions accounL which directs thc5e monies to Church spjnsored or affiliated missions. The total value of grants paid, in the year ended 31st December 2020. amounted to £429.158. FUTURE PLANS The Trustees, plalls for full￿t p¢ri¢xts are Similar to th￿t of the current year. Pag¢ I THE INTERNATIOIYAL COhLMUMTY CHURCH FOUNDATION LIMITED IREGISTERED NUMBER: 04938573) Report ofthe Trustees for Ibe year ended 31 Decewbcr 2020 STRUCTURE, GOVERNANCK AND MANAGEM Governlng documenl The IDternalioJal Community Chll￿￿ Foundation Limit¢d is a compkny limiied by share4 governed by its Memorandum and Articles of Association dated 15th October 2003. It is registered as • charity with the Charity Commission. It's sole shareholder is the Internaiional Community Cbur¢b Inc. wbich is registered in Dover. tklaware, Untt¢d Statu of Am¢rica. Recruitrnent and ipp07ntment of ntw trpsttts rrustees are re¢Niied. nomioated aDd elected by other TrUS￿e$ following clear election set out in the Articl&s of Association of the charity. In recrniting a Tnjstee, emphasis is placed on wbether they have the necessary sk"J115 and conunitment to a TTUSte¢ aod atso to ensure that, for the Truste&% tollectivcly.. The level of financial profcs5ionali5m is higb - That ther¢ is a balaoc¢ of professional 5kilts - Thai some members Are expenenced Trllsiees elsewhere, and - That therc is as mucb continuiry in tbe Tn￿tres as practicable. OryttlMdon*l strnethre The Trustees work collectively and deleg* ￿kS io specific Tnjstees as necessary. Thc day-to-day Tunniog of the charity is delcgated io an admitiists*or, wbo operates on the basis of authorisalions given by the TnLSie¢s. The Charity raises fund5 from the con￿ti1)n of the International Community Churcb through pledges and other gifts and doDations. Funding l¢v¢ls and f￿￿lai b¢aith are reviewed fonnally by the Trustees tivice per anDum. and by a nomxnJie41 TrusL¢¢ wbo is noi the Chairnwi, monthly. Fina￿1￿1 stat¢ments are prepared and circulated to all Tn￿tee$ monthly. The use of fijods is agreed by the TnL5te&s (a quorum of four is required) and reviewed tyvice peT artnum. Funds are released on a quarterly IH5is. aUth￿l$¢d by th¢ ChairniatL From rim¢ ro lime. monies are received for particular purposes e.g. for the support of a particular missionary. These moni¢5 are identified at the tinje of ieceip( and ar¢ ac£ount¢d for separnidy and are disbursed accordingly. Indu¢tioD and trainiTLg of Dew trustees Fonnal training of Trll51ces is provided on an '8s ntcded, b&si4 otherwise through thc guidatsce and experience of oth¢r Tn￿te¢s. REFERENCE AI¥D ADMINISTRATtVE DThAtIs Registered Company number 04938573 (England and Wales) Registered Chthty niwber 1108696 Regfistered offlc Nightingal¢ Hous¢ 4648 East Street Epsom KT17 IHQ Pag¢ 2 THE INTERNATIONAL COMMUNITY CHURCH FOUNDATtON LIM￿ED aiEGISTERED NUMBER: IM938S73) Report ofthe Trnstee5 fw the yew eade4 31 De¢ember 2020 Trustees T A Snuggs Retired G Gertz-Rombacb Retired Ms L N Smith Rdired J Stauber Financ¢ Director (resi8Ded 22.2.21) C K Smith RetiT¢d Mrs S E Gibbs Solicitor (resigned 12.5.21) W Hedges {appoinied 12.1.21) Compatty Seerttary T A Snuggs Independeut Examiner Tudor Jobn Limited Nightingaie House 46-48 East Street Epsom KT17 IHQ Approved by order of the board of tnjstets on ... . .. and signed on its bebaif by". I report to the tharity tnjstees on my ex￿n￿lIOn of the ¥counts of the Company forthe year ended 31 December 2020. A5 the charity's trustees of the Company (and also its direCt￿S for the purpow of company law) you a￿ ￿￿)nsIble for the preparntion of the accounts in ac&)rdance with the requirements of the Compani¢5 Act 2006 Cthe 21J)6 A¢V). Having satisfied mys¢lf that th¢ accounts of the Company are required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reN)rt in respect of my examination of yow charl￿5 ￿COUnts as carried out under section 145 of the ChaTiti£s Act 2011 ('the 2011 Arf). In canying oui my examktmion I have followed the Direcrions given by th¢ Charity Commission undet section 145(5) (b) of the 2011 Act. Since YOILT charity's grgss income excttded £250.0￿ yow examiner must be a member of a listed IM)dy. I can coftfirm that I am qUalif￿d io uttdertake the examination because l am aJtgistew¢d membEr of ICAEW whith is one of th¢ listed t¥)dies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to b¢li¢v¢: accounting records were kept in respect of the Cornp3ny as requir￿1 by section 386 of the 2006 Actr, or the accounts do not &cord with those record5. or the accounts do ¢ornply with the aw)unting ri4uirements of secti¢M 396 of the 2006 Act other than any requir¢ment that the a￿O￿nts ￿¥t a tme and fair view which is not a maller cODside￿Il as part of an independent examination,. or the accounts have not been prepar&J in accordance wkth the meth(MJs and principles of the Statement of Recommended Practice for accounting aJ)d reFQrting by charitles (applicable to charities preparintt their accounts in accordaJ)ce with the Financial ReTK)rting Statthd applicable in the UK and Eiepublic of Ireland (FRS 102)). I have no ¢cfficems and have come across no other matteTS in connection with the examination to wht¢h attention should b¢ drawn in this Teport in order to enable a undetstsndino ofthe accounts to be reache Hazel Day Bsc FCA DChA ICAEW Tudor JohJ) Limited Nightingale House 46-48 East Stre Epsom SuJTey KT17 IHQ Date.. Page 4 THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED Statement of FID1nd￿ ACtI￿tt¢S (IA¢fjrpornthig ID Ineome ExpendAthre Aeeomnt) for the yur ebded 31 De¢ember 20211 2020 Total 2019 Totsl funds Unrestricted Restricted fund Trloies INCOME AND ENDOWMENTS FROM DonataoDS and1¢88¢i¢5 429.69YJ 9.299 438989 398J75 Envestmeni income Other itscome 578 539 578 539 1.270 Total 430.807 9.299 440,106 399,645 EXPEf4DrruRE ON Eiaising fuDds 463 463 423 Charltable xctivities M(ssions 9,548 9,548 420,498 13.197 416.044 420,498 Total 420.961 9.548 430.509 429.664 NET INCOMEIIEXPENDITURE) 9,846 {249) 9,597 (30,019) RECONCILIATION OF FUNDS Tot#1 brought forw*rd 281.708 16,579 298.287 328,300 TOTAL FUNDS CARRIED FORWARD 291,554 16.330 307,884 298287 The T￿t￿8 forni part of these firtancial statements Pag¢ 5 THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED (REGISTERED NUMBER.. [14938573) BalAnee She 31 De¢euther 2020 2020 To￿1 fjjnds 2019 Total funds fi￿d fijnd Notes CURRENT ASSETS Debiocs Cash at bank 21.219 428.557 21.219 444,887 11,519 446,581 16,330 449,776 16.330 466.1( 458.1 CREDITORS Amounts fallillg thie within one ye•r (158.222) {158.222) (159,813) NET CURR￿ ASSETS 291.554 16,330 307,884 298,287 TOTAL A&SETS LESS CURRENT LIABtLITIES 291.554 16.330 307.884 298,287 NET ASSETS 291,554 16.330 307.884 298.287 FUNDS UJ)Jeslricted funds Restricted fi￿d$ 291,554 16,330 281.708 16.579 307,884 298.287 The charitsble company 1$ ¢ntitl¢d tt) ¢x¢mption from audit under Stttioll 477 of the Compani¢s Ad 2006 for th¢ y¢ar etsded 3 1 December 2020. The members bave not required the cornpatty to obtain an audit of its fil￿O¢la1 sW¢m￿ts for the year CDded 3 1 D¢¢¢mber 2020 in accordance with Section 476 of th¢ Comparytes Act 2W. The trustees ￿knOwledge their r¢swJn$ibiliti&s for la) ensuring thai the Charitsble compaDy keqJ5 acC￿]n￿ng records that comply with Sections 386 8nd 387 of the Companies Act 2006 and preparing financial statem¢Dts wbi¢h give a true and fair view of the ststs of affairs of the ¢baTitsbl¢ CODJpany &5 at the end of each financial year arnl of its sutplu5 or deficit for each financial year in accoidance with the requirements of Sections 394 and 395 and which o(b¢rwise comply with the requir¢m¢nts of the Compawes Act 2006 relating to rinancial 5tst¢rntDts. so faT as applicable to the chtiyitable company. {b) The notes fomi part of these fJnan¢ial ststements P¥g¢ 6 continued... THE ]NfERNATIONAL COMMUMTY CHURCH FOiJNDATION UMITED IREGISTERED NUMBER: 04938S73) Balanee Shed- condDved 31 D¢rember 2020 These fuJaD¢i31 stal¢ments have been prepared in accordance with the pmvi5ions ¥ppliubl¢ to tharitabl¢ ¢ompawes subject the srnall companies Tegim¢. The fLnaDcial statErnertts were approvcd by the Board of TnLStces and authorised for issue on and were signed OD Lts behalf by.. Th¢ notes form p￿ of these financi￿ swements Pag¢ 7 ThE INfERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED Not¢5 to the Finattdal Statemettts for tjte year ellded 31 D￿ember 21120 ACCOUNTING POLICIES BASIS OF PREPARING THE F]NANCIAL STATEMENTS The financial 5tateTnents of the chaTitable company, which is a public benefit entity wider FRS 102, have been prepared it) accordan¢¢ with the Ch3ri1ie5 SORP (FRS 102) 'Accountin8 and Reporting by Charitiu.. Statement of Recommet)ded Praciice applicabl¢ to ¢haTiti¢s pr¢paTing their accounts in accordance with the Financial R¢portiDg Standard applicable in the UK at)d Republic of Ireland (FRS 102) [¢ff￿￿Ve l January 2019),, Financia] Reporting Standard 102 'The Financia] ReportiTJg Stsrtdard applicable in the UK aDd Republic of IT¢land' and the CollLpatJies Act 2(rf)6. The financia] ststcrnents have bccn Prepared wider the hisroftcal cost conveniion. COME All income is recogllised in th¢ Ststernent of Financial Activiti&s once the cbarity has entitlement to the fi￿d$, it is probable that the income will be rtceived and the amount can be rneawred reliably. EXPENDITURE Liabiliti17 ar¢ rry0￿15Cd ￿ ¢xpeDdirure as soon as there is a legal or constructive obligation ¢ortLmitting the chariry to that expenditure, it 15 probable that a transfer of economic benefits will be required in settlement and the amouT]t of the obligation can b¢ mwurcd reknably. Expenditure 15 accowlted for on an a¢cnMls basis and has beeo classified under headings tha( aggregate 311 ¢05t r¢lated to the category. WThcre costs catmoi be directly attribut¢d to particular beadin8s they have been allocated w activiti¢s on a basis WTSi$t¢nt with the use of resou￿¢5. Grants offered subject ￿ cc#)diiions which have not been met at the year eTtd date are noted as a cornmitment but not accEued as expenditurc. TANGIBLE FIXED ASSETS Depre¢iation is provided at the following annua] n*s in orts io Write off each w¢t ov¢r its e$tiEnated ￿e￿I life. Fixture5 and fittings 250h on cosi TAXATION Th¢ charity is ¢xempt from corpoTatiom tsx on its cbarirabl¢ activiti¢5. FUND ACCOUNTING UottstTi¢(ed fvnds Can b¢ accoTdan¢e with the clwitable objrxtives at th¢ discrttioD of the trustees. Re5tri¢ted fimds can only be ￿Sed foT parti¢ulaT restricted puoN)se8 within the objects of the clthrity. ResttictiODS arist when specified by the donor or when fijnds are raised for panicular resrrid¢d PUTPOSes. FOREIGN CURRENCtLS Asbets and liabilities in forei￿ ￿￿enCieS aTe ttaDsla*d sterling ai tbe raies of exchange Tuling al the bal￿re sheer date. Transaciion5 in foreign currencies are trdnslated into 51etlin8 ai the rdte of exchange Tuling at the date of transacttots. ExchaDge dj'fferences are tsken into accouDt in arriving at the opernting resuli. Pag¢ 8 continued... THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION L]M]TED Notes to the Trlnanclal Statem¢Dts- contlnued for tbE year ended 31 De¢embtr 2020 2020 2019 Deposit account intere51 578 1,270 RAISING FUP4DS RAISING DONAT10NS AND IEGACIVS 2020 2019 Supporl Costs 463 423 TRUSTEES, REMUNERATION AI¥D BEI¥E There were rto tswiees, remunerauon or other benefits for the year ended 31 DecemEKr 2020 nor for the year ended 31 Dccembcr 2019. TRUSTEES, EXPENSES There wcre no 31 D¢cetnber 2019. trusitts. expenses paid for the year ended 31 tk¢ernb¢r 2020 nor for the year ended COI¥IPARATIVES FOR THE STATEME￿ OF FINANCIAL AcfIviTIES Unrestricted Dd Restricted nd Totsl fi]nds INCOME AND ENDOWMENTS FROM Donations and legacies 389.205 9,170 398,375 Investment income 1.270 1.270 Total 390.475 9,170 399,645 EXPENDfnJRE OP4 Raisitig fvnds 423 423 Chlritable activities Missions Icc 13.197 13,197 416.(144 416,044 T•tsl 416.467 13,197 429,664 NET INCOMFJffXPENDITURE) (25,992) {4.027) (30.0191 RECONCtLIATION OF FUNDS Total brought 307.7(KI 20.606 328,306 Pag¢ 9 Continued... THE INTERNATIONAL cOM￿fUN1Ty CHURCH FOUNDATION LIMITED N•i¢s to the FSnincia] Staiements- eolltlnued for the yeu ended 31 December 2020 COMPARAThS FOR THE STATEMENT OF FINANCIAL ACTJvfnES.