2023-12-31-accounts

REGISTERKD COMPANY NUMBER.. U4938573 IEmglaMd And WAles) RFGISTERKD CHARITY NUMBER: 1108696 THE INTERNATIONAL COMMUNITY CHURCH FOUThDAflON LIMITED Unaudited Flnancigl Siatements for tILe Year Ended 31 Deceniber 2023 Tudor Jolm Limited NightingalL HDU5e 464R FA8t Street Ep50m Surrey KT17 IHQ

THE ￿TERNATIONAL COMMUNITY CEtURCH FOUNDATION LIMTTED Contents of the Tr'inRncial Statements foy the year ended 31 December 2(J23 Page Report of the Trustees Independent Examkner's Report Sttttemellt of Flll4nciAIActiTrities Bglanee Sheet Notes to the Financi21 Statements 7 to 11

THE INTEREI'ATIONAL COMMUNITY CIIURCH FOUNDATION LIMrrED (REGISTKRED NUMBER: 114938573) Report of the Trustees for the year ended 31 Dccember 2023 The tsu8tees who alBO directors of the ¢1￿￿ty for thc purp05es of the Compallies Act 2006, present their rqxjrt with the finallcsal statements of the charity for the year ended 3 1 December 2023. The trnstees have adopted the provisions of Accnunling Rnd Reporting by Chariti¢s' Stst¢ment of Re£omn]Ended PraL*ice applRc&bl¢ to chi?riti¢4 pr¢paring their accounts in accordance with the Financial Reporting Standard appb"cable itt the UK and Republic of Ireland (FRS 102) (effective l Jatmary 2019). owKcrivES AND ACTIVITJES The Chwi(y's obj¢¢ts ar¢ the advancement of religioTL and sllcb other puryoses a8 are charitable Under th¢ laws of Englalld and Wales. The Aim of tbe charity its tbe year ended 31st December 2023 was to support the activities of tni¢rnational Comlnunity Church, 118 nti%sion5, educatioll aud outreacli wogratnmes, attd, where practicable, to increase the extent of these ptO8rammes. TE￿oUgh these activities. the objective to pr(>vide charitable support aTLd education to the needy and Spread the ulld¢rstanding ofthe ChrisiiallF&ith. The ubjectsv¢ for tlie year was to raise sufficient funds to fll]ance the activities outlined Above. Specifically, to llLe¢t th¢ cost of the staff, rent aJ]d office services of International Con)mutiiry Chwth, and to provide them with fi￿dE for the supptrrt of ￿lsSiOnS it] Ronwjia. LK, and elsewhere. AcHIEvEME￿T Af4D PERVORMANCE The d]arity achieved ils putPOS¢ ID that it wK% able to provide sufficient ￿lld& ¢0 fund the activities of the Internaliotthl Community Chitrch for the year. 'INANLIAL RKVtEw The Charity has R policy by thicl) tlie Equivalent of at least 3 mc>nths outgoings ai¢ beld in a i.es￿ve bank account, OD the expECtation that income meeis or ¢xctreds quJrterly outgoiJ]gs. Release of monies the reserve bank account, which w￿￿Id tmpinge on the 3 mottth policy. r￿UIreS the authoris&tion of a quorum olTrustees. The fiv￿Ing strategy rElies on pledB¢s, gifts and donations from the congrcgatioll of the International Community Church. The Ciwity's total income for the year ended 31si December 2023 was £235,191, which included donations and Gift Aid. Donations dtid Gift Aid w¢i'¢ 32.7Q/o lower this year than in tbe last financial year. The average monthly expenditure of Inlernational Con)n)uwty Church has decreased slightly to £19.746 per month. Overall, tbere has been an decrease in reserves. Al 3181 December 2023, the total reserves of the Charity were £359,450 and bank bal&nces amounted to £516,382. The reserve bank accOu￿t showed a ba]ance of £142,996, whi¢h was more than 4 times the aveThge ￿onthlY expenditure or International Community Church. The CharIt￿S incom¢ and ¢Ap¢n8es are managed and iti scrvÉce 501ely for funding tb¢ missionary and operating activity of the Iniernational Commwiity Church. All grants paid by the Charity go to tbe Inten￿lI011aI Cummtinity Church operattng account or the Mtssions 8ccourLt. wkn.cli direets these mottics to Church spotJsorEd OT &￿LIk￿led Missio￿%. The total value of grants paid, iu the year ended 31st Deceniber 2023, amounted lo £233,771. FLrruRE PLANS Th¢ Tn￿tees, plans foi. future pei'iods are sitniLw' to tLiose of the curr¢nt ye&r. Page I

THE INTERNATiof4AL COMMUF41TY CItURCH FOUNDATION LIMITED (REGISTERED NUMBER: 04938S73) Report of thp Trusteej for the year ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The llllernational CollllTLwty ch￿Ch Foulldatioll Lttnited is a company limited hy sbares, gov6rn£d by its M￿nOra￿d￿m and Articles of Association dated 15th Octf)her 2na3. It is r¢gistercd a5 a charity with the Charity Conllnissiott Its. sole bhaL'eholder is the Intcmaiitinal Comrnunity CbuTch Inc: which 15 registered in DoTreT, Delaware. Ullit¢d Stst¢s of America. Recruitment find appolntment of trustees TTU5tees aTe recruited, nO￿luated aud elected by other Trustees following cl¢ar election rults set out ill the Articles Df Associat￿0￿ of the charity- In recruiting a Tn￿tee. eMpI￿lS ib pla¢ed on whether they have the necessary skills and co]lln]itU2ent (o be a Trnstee and aE'o to ellsur¢ that, fur the Tru8tees collectively.. - The lev¢1 of financial professiollalisrn is high - Tbat there is a balance of profe&%ional skills - Tbat some meinbei"s ￿"e experiellced Trustees elsewhere. and - Thatthere is as Ellu¢li continuity in the TNstees as practi¢abl¢. OYganly&tion41 &tructure The Tn]stees work ¢olledively and d¢l¢gate tasks to specific Tru5tee5 as necessary. The day-to-day rullning of the chftrity is delegated to all admillistrator, who operates on the basis of authgfi%atioDS givell by the TrLtstee5. The Chdrity Laises fimds from the Congtegation of the Internatiollal Col)￿}￿￿1ty Church througb pledges and Oth￿ gifis and dunalions. Funding l¢v¢ls and finjncial health are reiiewed fornthlly by the Trnsiees twice per annum. and by a non)inated Trnstee who is llot the Chairjnan, nionthly. Fin￿]cIal statements are prepared and circulated to all Tn]sie¢s njouthly. The us¢ of fiwds is agreed by the Trustees {& quoiwn of fow is required) and reviewed twice per ￿t￿ll￿. Funds are released on a quarterly basis. aiithoribed by th¢ Chaimmn. From tini¢ to lim¢, monies are received for particular pU￿oseS e.g. for tlic support of a particular Mission￿Y. These monies are identified at the time of receipt, and are accounted for separately and are th"sbursed accordingly. lllduetioll and trailling of neTV trustees Forn￿1 trdilling of Twstees 15 provided oll ai) 'as need¢d' bgsi8, Othenvise through the guidance and Experience of othei. TNstees. REFERENCE AND ADMINISTRATIVE DETAIts Reglsteyed Company 04938573 (Englat]d and Wales) Re¥istLifLbd Cbarlty n￿mber 1108696 Reglstered offiee Nigbtingale Hou8e 4648 East Street Epsom Surrey KT17 IHQ Pag¢ 2

THE INTERTrIATIOf4AL COIMMUNIIY CHbRCH FOiTNDATION LIMITED (REGISTERED NUMBER.. 04938573) Report of the Trustses for the ye&r ended 31 December 2023 Thisteeg T A Snuggs ReLircd (rrsigncd 31.12.23) G Cicrt7.-Rombach RttiTed (resiglled 31.5.24) M5 1. N STh]ith REtir¢d Iresign¢d 31.12.23) C K Smith Cbairman H C S McLean Conmierctal Finance Manager Dr R J Jones Hatchett, IV CEO (appointed 17.7.23) A J Offor Investmcni Bllsine$s Dcvclopn)ent MallagET (appoillted 31.12.23) K Sknb¢ (appoillt¢d I1.6.24) Company Serretsries C K Indepcndont EXan￿ller Tudor John Limited Nightingalc Housc 46a8 East Street Epsom Surrey KT17 IHQ Approved by order of the board of tnJstees on ...... and signed on its behalf by.. C K Smith- Trustee Page 3

Independent Ex4]nlner's Report to the Trustees ot. The Intern&tlonal CommuDIty Church Foundation Llmlted (ReglÉteved number: 04938S73) Indppendent examiner's report to the trustees of The JnternAtlonal Coln￿ll￿fty Church Foundatloll Limited ('the Company,) I report to the charity trustees on my cxamination of the accounts of the Company for the year ended 31 Dec¢mb¢r 2023. Respnnsihllitles and basis of report As thE cha￿ty,5 tEI]Stees of the Lornpany land also its directors for the purposes of compaLy law) you Hre re5ponsibl¢ for tli¢ prep2￿1]0￿ of the accounts An accordance with the requiremcnls of thc CDn4Jatiies Act 2006 (th¢ 2006 Act). Havi￿¥ satisfied myself that the accow3ts of tbe CoFnpaDy alE llot required to be audited under P￿t 16 of the 2006 Act and are eli¥iblt for indcpendcnt cxamltsiitio￿, I rcport in respect of my examination ot'yL)ur lh￿1t￿$ accowits as Larried out under qcthion 145 of thc Charities Act 2011 fthe 2011 Act,). In carrying out my exam1t￿tIOn I have folluwcd the Dir¢ctions given by the Chanty Commi&sion ￿der Section 145{5) (b) of the 2011 Act. IDdependeLt exalldller's stAtement I hav¢ completed iny eXam1t￿Ll01L I confIrJn tbal no matters hav¢ corne to rny attenticFn in conne£tion with the examination giving me cause to believ¢.. a¢¢ounttng recor￿9 were not kept ID respect of th¢ Company as required by Section 386 of the 2006 Act; or the a¢¢ouDts do llot acGonl with those records: or the accoullts do not comply WAth the accounting reqllirements of Section 396 of the 2006 Act other tban any requirement tht the aecourLts give u true and fair view which is llot a mattet considered as part of an inde￿ndent &YwiJination,' or the accounts have not been prepared in accordance with the m¢thods aiid principles of the StateEllenL of Recon]mended Practicc for accnunting and rq)orting by charities (applicable Lo chaiities preparing tbeir uccounts in accordance the Fiiiallcial Reponing Standard applieable itt the UK and Republic of IrElaDd IFRS 102)). I bave collccrns and bave come across no other matters in connection witb the examitiation to which attention should be drawn in thi.s report in order to enable a propw. UnderS￿di11g of th¢ account8 to be reached. Hazel Day Bsc FCA DCbA The Ins'titute ofcharlered ACC(R￿tantS in England alld Wales Tudor John Limited Nigbtingale Ho￿e 4648 East Strt¢t Epsom KT17 IHQ Page 4

THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED Statement of Vlnan¢lAI A¢tivitie$ ncorpDfAtlnE Income E3pendlture Account) for tbe year ended 31 December 2023 2023 Total funds 2022 Total fiwds u￿¢strICted t]d Restricled fi]nd Noteg 4COME AND EF4DOWMENTS FROM Donations und legacies 205,347 25,090 230,437 342.335 Investsnent itscome oth￿ illLome 4,714 40 4,714 40 523 41 TotRI 210,101 25,090 235,191 342,899 EXPF.liDITURE ON Raising funds 3,177 3.177 3.122 Ch4rlt4ble aeti?itie5 Missions 35,426 35,426 198,345 15,286 4LM).307 Icc 198.345 201,522 35,426 236,948 418.715 NET INCOMEI(EXPENIJITURE) Trzn5fers betsyeen funds 8.579 {4,418) 110,336) 4.418 (1,757) (75,816} Net Inovenyent funds 4,161 (5,918) {1.757) 175,816) RECONCILL4TION OF FUNDS Total fi￿d8 bmught forward 355,289 5,918 361,207 437.023 TOTAL FUM)S CARRtED FORWARD 359,450 359,450 361,207 The notes foi'm part of these financial statements Page 5

THE INTERNATIONAL CONIMUTrIITY CHURCH FOtJTrlDATIOJY LIMITED (REGISTERED NUMBER: IM938573) Balan¢e Sheet 31 December 2023 2023 Totsl fimds 2022 Total UJ]restricted fund Regtricled fimd Notes CURRENT ASSETS Debtors Ca dt bank 8,490 516J82 8,490 516,382 10.850 513.791 524.872 524,872 524,641 CREDITORS Ajnoullts falling due withill one year (165,422) (165.422) {163,434) NET CURRENT ASSETS 359.450 359,4_5Q 361.207 TOTAL ASSETS LESS CURRENT LIABILITIES 359,450 359,450 361,207 NET ASSETS 359,450 359,450 361,207 Fuf4DS UnrEbtricted futsds Re8tri¢ted fi￿dS 359,450 355,289 5.918 TOTAL FUNDS 359,450 361,207 The Ch￿(&ble compan) ss eniitl¢d io eX￿￿ptiO11 fn)m audit ￿￿der Sectiuii 477 of the Companic% Act 2006 for die yEar ended 31 Decemb¢r 2023. The members havE not required the company to obtain an auth't Df its financial 5taten￿llts for th¢ year ended 31 De¢¢mbrr 2023 in aGcordance with Scction 476 of the Cornpallie8 Act 2006. The trustees acknowledge their responsibilities for (a) ells￿1￿8 that the charitable company keeps Aceounting i'ecords that conu)ly with Seetiong 386 and 387 of tbe Compat]ies Art 200() alld pwaring financial statemettt5 whÉch give a trne and fair view of the state of affairs of the Gharitable GomparAy as ai the end of ead] financial y¢ar aiid of its surplus or dcfLClt for eacl) fsnancial yeaT in accordat)ce with ibe requirements of Sections 394 and 395 and which othcrwysc comply with the r¢quiremenls of the Companies Act 2006 rclating to fmancial 8taien*nts, so far as appli¢abl¢ to thG choritable Gompany. (b) These finanLial siatemenls have been prepared in accordallce with the provisions applicable to charitable compallies subject to th¢ snlall companies regime. The financial statements were %?pproved by the Board of Trustee5 authorised for issue 2.3..-..9.. -..1.4....... aud were signed on Ats behalf by.. on C K Smith - T￿￿tee The notes fom part of thest f￿anCIal 8tat¢nwits Page 6

THE INTERNATIOI¥AL COIWMUNITY CHURCH FOUIYDATION UMITKD Notes to the Financial Statements for the ye4r ended 31 December 2023 ACCOUI4TING POLICIES BASIS OF PREPARll¥G THE FINANCIAL STATEMEN]'S Thc fJD%Lncial statcmcnts of the ch￿"￿table compally. which is a public benefit entity under FRS 102, have bern pr¢paTed in accordance with the Charities SOkP11,'RS 102) 'Accounting and Reporting by Cbarities.. StatrmeDt of Recommended Practice appli¢able w charities preparing their accounts itt ac¢ordancc with the Fillancial Reporting Standard appticable in the UK and Republic ot Ireland (FR8 102) (¢lfEctive l janU￿Y 2019),, Reporting Standard 102 The Financial Rcportittg Statsdard applicable in the UK w]d Republic of Ireland, and the Conjpatiies Act 2006. The finallc1￿ statrments have been prep￿d under the historical cost convention. COME All income is i'ecognised in thE Statement of Financial Activities once the cE￿ity hts enlitlem¢nt to the filllds. it is probable that the incorne will b¢ received and the amount can be measured reliahly. EXPENDITUR Liabilities are i.eco￿lsed as cxpelldiLure as s(kotL as thtie is a legal or constsuctive obligatfioll coillmittsllg the cball.ty to that expenditurc, it is probable that a tr&nsfer of economic benefits will be required in 8ettl¢ment and the amouELt of the obligation can be measured reliably. Expenditure is &ccounted lor ott an acctua15 basis and has beell ¢lassified under headings that aggregate all cost related to the etttegory. wile￿ costs cannoi be directly attributed to particular I￿adIng6 they have been 211ocated to a¢tivitlQ8 on a basis consistent wEth the use of resources. Grdnts offered subje¢t to Conditions wlll'¢h bave not beeTr]net ai the year ewl date are no(ed as a commitJJJtnt bul not a¢¢￿¢d as ¢xp￿idItUre. TANCIBLE FLXED ASSETS Depreciation ig prowded at the following &nnllal rates in ordei. to write off each asset over its ¢stimaÉed usefi]I life. Fixtures and fitti]Jgs 25 /ll on cost TAXATION The charity is exen]pt from corporation tax on its charitable activitics. FUb'D ACCOUTr4TING Unrestricted fiumts ¢an be used in accordance with th¢ charitsble objectives at the diseretlOD of the twstees. R&stricted funds Can only be used for panicular restrieted purposes within tbe objects oc Ihe charity. R￿trictionS arise when Specifi￿ by the dollor or when fvnds arc rais¢d for particul&r restricttd pwp05eS. FOREIGIN CURRENCIES Assets and liahilitics in foreign cvrrencies 81.¢ trdnslated into sterling at the rates of exchange ruling at the b8laD¢e sheet date. TransactsDlls for¢igll currencies are translated itito Sterlillg at the rdte of exchange ruling at the date of transaction. Excbange differences are taken into accouttt iti arriving ai the operating r¢suIt. Page 7 continued...

THE INTERNATIONAL COMMUNtTY CIIURCH FOUNDATION LIMITED Notes to the Flllandal Statempnts- Continued for Ébe yegr euded 31 De£ember 2023 II¥VESTMKNT INCOME 2023 2022 Deposit account interest 4.714 523 RAISING FUNDS RAIS]TrIG DONATIONS AND LECACTES 2023 2022 Suppott costs 3.177 3,122 TRUSTEES. REMUTr4ERATION AND BENEFITS There were no trustces, retnulleration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ellded 31 December 2023 nor for the year ended 31 D¢cattber 2022. COMPARATIVES FOR THE STATEMENT OF FllYAf4CEAL ACTIVITIES Unrcstricted fund Restricted fund Total fimds 4CO,ME AND ENDOWMENTS FROM Donations and Icgacies 331,572 10.763 342,335 Illvestmellt income Otber incon 523 41 523 41 Total 332.136 10,763 342,899 EXPEf4DITURE ON Raising funds 3,122 3,122 Charltablc a¢tlvlti Mi58ions 15,286 15.286 400.307 Icc 400,307 Totzl 403,429 15,286 418,715 r4ET INCOMFJ(FXPF.NDITURE) (71,2931 (4,523) 175,816) RECONCILL4TIOry OF FUP4DS Total fimds brought fonvard 426,582 10,441 437,023 TOTAL FUNDS CARRIED FORWARD 355289 5,918 361,207 Page 8 continued...

THE INTERNATIONAL commu￿lTy CHURCH FOUF4DATION LILWTED Notes to the Flnancial Statements- contlnued for tbe year ended 31 Detember 2023 TANGIBLE FIXED ASSETS fittings COST At l jaI￿ary 2023 and 31 December 2023 2,603 DEPRECIATION At l January 2023 and 31 Dccembrr 2023 2,603 NET BOOK VALUE At 31 December 2023 At 31 December 2022 DKBTORS: AMOUYTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 8,490 10,850 CREDITORS: AMOUNfs FALLING DUE ￿TI[[N ONE YEAR 2023 2022 An￿￿￿t5 owed to participating ttitere5ts Other creditors Accrued expenseg 165,322 100 162,922 11)0 412 165.4?2 163,434 MOVEMENT IN Fuf4DS N¢t movement in fi￿dS Tr&n5fcrs between fvnds At 31.12.23 At 1.1.23 LTllre5tricted fund General ￿lld 355,289 8,579 14,418) 359,450 Restricted f￿lld$ RG8triclcd futsd 5,918 110,336) 4.418 TOTAL FUNDS 361,207 {1,757) 359,450 Page 9 continucd...

THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION UMITED Not￿ to the Flnanclal Statements- ¥ontknued for the year ended 31 D￿ember 2023 MOVEMENT IN FUM)S- cvnthiued Net D￿VeMent in fund8, inch￿ed in the above ars &4 follows.. [nc0￿]ng resow'c¢s Resources expellded Movement in fi￿d5 Umrestrlcted f￿lld5 Gcnrral fLll 210,101 1201.522) 8,579 Restrlcted funds Restricted futtds 25.090 135,426) (10,336) TOTAL FUNDS 235,191 (236,9481 {1,757) Cotnparatives for movement funds Net movement in fimds Al 31.12.22 At 1.1.22 UllrestrKcted fuDd$ General Smd 426.582 (71.293) 355.289 Restrleted fuDd5 Restricted 10.441 (4,523) 5,918 TOTAL FUDIDS 437,023 (75.816) 361.207 Comparativ¢ net moven]ent in funds, included in thc above are as follows.. In¢(Trming resources Resources expended Movcn]ent iu fluids Unrestricted fund5 Gelleral fL￿d 332.136 (403,429) (71,293) Restrieted funds Restricted fi]nds 10,763 {15,286) 14,523) TOTAL FLN)S 342.899 (418,715) (75,816) Pag¢ 10 continucd...

THE INTERNATIONAL COMMUNITY CHURCH FOLINDATION LIMITED Notes to the FIM*nelal Statements- tontlnued for the year ended 31 DKember 2023 io. RELATED PARTY DISCILISURES There were DO related Pdfry tran5actiODS for the v¢&r ended 31 December 2023. ii. CALIID UP SHARE CAPITAL Authorised, allotted, issued a[￿ fidly p2id.. Nominal Vah 2023 2022 ci 100 Ordinary £1 100 loo Pagell