Charlty fèglslratlon numbe¥ 1108696 (England and Walgs) Company règlstfallon numbfrr 04938673 THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 '.) xeinadin
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED LEOAL AND ADMINISTRATIVE INFORMATION Tru•tO95 Dr R J Jonos Hatch¢ll, IV MrAJ Offor Mr H C S McLean Ms K Gulknma (Appolnled 30 January 20Z4> (Appolnlod 7 January 2025) Charlty number (England and Wal88) 1108696 Company numb•r 04938573 R•91gtered offloe Nlghlkng810 Hou80 46-48 E8È1 Str881 Epsom Surfoy Kf17 1HQ Independ¢nt •x&mlnèr Hozel Oay Xelnadln Nlphllnoalo Hou8 4648 East Street Ep80m Surrèy KT17 IHQ
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED CONTENTS Pago Tw81909' réport Indepondènl examlnèfs roport Stal8m6nl of fln8nclal 8cIMII88 B&lancè sh861 Noles10 thB finandal 8lalemeTrls 7-12
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Tho Irusle88 prasenl Iholr annual report and financlal 818t8rnen18 for Ihe ye8r ended 31 December 2024. Yh8 nnanclal 81alemenls have beon prépared In 8¢uirdanc8 th lh& ac¢ounllng polld6s sel out In nola I lo Iha nando15191om¢nl3 and comply wth Ihe chArfII8 govainlng documenl. Ihe Compan188 Act 2008, FRS 102 Yhe Flngnol61 Reportlfig SlarHl8rd 8ppllcabf8 In the UK and RgpubllG of Iro18nd' and Ihg Charftte8 SORP "A¢Lx)unllna
nd Roportlng by Charlllès., S181émenl of Re¢omm8ndod Pfa¢ll¢e appllcablo lo ¢hariltès prèp8rlrwJ Ihèlr accoun18 In
8ccordance wllh Ihb Finand81 Reportlno SIOl81d 8ppllcabl8 In ihe UK ond Ropubllo of Ireland (FRS 102).. ObJg¢llv•B and acllvltlo¥ The Ch811iy8 oblecls &rè th8 advencomenl ol iell9Ton and such olhar pufpose8 a$ are charflAble undar Ihe law8 of England and Wales. Tho alm of Ihe chadly lft Iho year ondod 3181 Dernber 2024 wa8 10 oupport lh• aclmllos of Intern)Ilonal Communlty Church, It8 ml8$lon8, edueallon and oulfeach prooramm08. and. whor6 pra¢ll¢8bl8, lo Incfease lh& exlenl of Ihesfr progf8mmé$. Through thè$0 •¢livlllos. the obJo¢Uve to provldo Gharltablo support and gduc4llon to Ihe needy and spr88d Iho und8r81andln9 01 the Chr16Uan F811h. Tho rnaln obJ8¢Uvo lor the yoar w8$10 rof88 8uffld8nl lund8 lo tho 8CtlvlUg8 oulllned abov8. Sptscifically, lo meel Iho cx>¥l ol tho 81011. feiil 8nd 0ffl¢o 8eNl¢¢8 of Inlfrrnallonal CornmunRy Chur¢h, and lo Prode them wllh (und8 lor th8 SUPPOrt ol mt88lon¥ In RomanL4, UK, 8nd ih6wh8r•. Publlc bgno111 Tho IIu8100$ havo p8ld du• lo98 lo ouklan¢e18$Uod by lh• Cherfty Commlsslon In do¢ldlng whal aotlv111è6 Iho ch&flly should underlake. A¢hl•vomonlg and p8rform&nco Slgnllloanl 8clJWles and 8¢hlevemenl8 ag8ln&l o¥•cllvos The ch8rf1y a¢hlgV8d 118 purpo$a In that 11 was gblg io prd0 suffldent lund8 lo lund tha 8¢U¥llle$ of Ih Intsinatton81 Gommunlty Chuf¢h for lh8 ypar. Fln&nclBI révlèw Th8 Ch8rfly h88 8 pollcy by whteh Iho equfval8nl of al léast 3 monlh$ ouigolng5 aro held In a reseNo bank accounl, on Ihg expeclallon thal Incorng mee1$ or eXed8 quartèrly oulgolno8. Rg19869 of rnontgs lfom lh6 r6serve bank accovnl, whlch would Implng• on tho 3 monlh pollGy. requlr68 Ihg authorf8eUon of a quorum ol Tru81988, Tho fundlng slrat8gy rellos on Plge¥. glfl$ and donolkns Irom tho eongreg811on of tha Intwnellon81 Communlty Church, The Ch8f6tY$ lotsl h¢omo lof Iha yeir ended 31st l)Komb8r 2024 was £236,287 (2023: £236.192>, whkh Included donallon8 and Glll Ajd. Donallt)ns and Glft Ald wor8 Sllohlty lower by 0.5% Ihl$ yaar Ihon In Ihe la81 Ilnand81 year. The avgrag• monlhly expendlluro of Inlemallonal Communlty Church ha8 In¢re8sed lo £28.733 p8r month (2023: £19.7461. Ovgrg11. Ihar has been e de8$? In resèr¥e8. Al 31st Decomber 2024, tho lolal fO8ofv85 ol the Ch8r5ty were £274,943 (2023,, £3S9.450) and bank b8lanco9 8mounled lo £432,915 (2023: £616.382>. Thg r08evvo b8nk accounl Showed & b818nco of £145,148 12023., £142,996), whlch w88 moro thon S Ilmos Ihe av8rag8 monihty expendllure ol Inleinallonal Communlty Church. The Chartfl8 Income and expen8e3 ai8 manau8d 8nd In 80Nlco $0181y lor fvndlng tha mls8lonary and opelIng a¢llvlly of lh8 Inlginallonal Communlty Church. All gf8n18 pald by th9 Charlty go lo Iha Inlernauongl ComrnunKy chUh operollng acwunl or Ihe Ml$slon5 a¢)uAl. whlch dlrecls Ihesg nwnle5 lo Church sponsored or afflllaled mlsslon8. Th8 lotal valuo ol gr8nls p8ld, In lh& yts8r end8d 3181 December 2024, amounléd 10 £318.184 (2023.. £233.772).
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 R6servespollcy 11 Is the pollcy ol th8 chartty thal unresttlcled Jnd8 vthlth havo nol b&8n deslgnalod for a 8pecMc u80 8hould be malnlalned al a lovel aqulvalenl lo behve8n thre8 and SIX monlh's oxpondlluf8. Th8 Injslees con&ld8r that r6sèFV88 al Ihls18vel wtll en6uro Ih81, In Ihe 6V8nl of a slgnlllcanl dtop In fundlng, Ihby wlll be abb lo ¢onllnug lh8 chariV8 current acllv1119s whfl8 conslderallon 1$ gfven to ways In whlch addlllon81 lund8 may be ral$ed. Tb16 level of re8èNas has been tTrulnlalned Ihrouuhthjl lh& s81. Plans for lulure perlodb The TnJ81ee8' p18n8 forfulufe p6rlod# are 8lmllar lo those of Ih cuironl yoar. 8truclurei govéTll8ne• and manauemenl Th8 Inlernallonal Cornmunlty Chufth Faundallon Llrnlled 1$ a company Ilmlied by 8h&ras. govom&d by 115 M6morandum And Artlclos of Assodallon déled 15lh Oclober 2003. 11 Is regl8lored a8 8 ¢hadty vllh tho Charfty Commlsston. It8 801& 8harehtslder [8 Ihe Intem&ll01 Communlly ChuKh Inc. whl¢h Is r8g1818ied In Dovor, 08law8r6, Unll6d Slat68 oIAm8rfc4. Tlte truste08, who 8r8 8180 the dlrnctor8 lor th• purkK)80 ol c¥)nwny18w, 8fMI who 8ep48d durfng Ihg yeor and up lo th8 dalè of snalU1& of lh8 fln8nclal 8lal8m8nls w8re: Dr R J Jon89 H&l¢ho11. IV Mrc Ksmllh MrAJOffor MrH C S McL8an Mr KSkub8 M8 K Gulkomo {Re8lgn•d 31 D•c8mber 2024) (Appolnl&d 30 Januory 2024) (Appolnled 11 Juty 2024 and r8slgned 30 June 20251 (Appolnled 7 January 2025) R8cnillm8nt 8nd 8ppolnlmonl ollwsl8es Tru81ee8 are r¢crulled, nomlnaled and 918¢l&d by olh6r T160$ fol[0ry dear 918cUon w189 801 oul In lh& AJtld88 of Assoclallon of Iho charSty. In rncwttlng a Tmslea, emph061$ Is pl&rd on whelhor Ihgy havo Ihg nec4wry 8WII8 and c*mmllm8nl to be a Th1$160 and e180 to ensure Ih81, lor Ihg Trn8le88 ¢dvctlvoly. - Th81oval of fln4nct81 prol88slono11sm l¥ hlgh That Ihgre16 a balanc8 of prolesslon81 sklllB . Th818om8 mgmb8r$ 014 OXPQTlenced Trn81888 elsevh]gre. and . Thal thei8 1$ as much conllnulty In lh8 Tw8leeA a8 pra¢llblO.
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDEO 31 DECEMBER 2024 0ry8nl6fftlton8J$lwdurn Th• tJay.lothy mnI oflho dwAty Is d6l¢gihd lo An 01¥18$ on thp bail• of•ulhorfJ8fjoni o1¥ bytho Twst•i Ih• Ch¥rfty 1019¢1 frmd• Ihe wn9My8lltsTr ol th• Inlofft•Uwl ¢Thty CIMMth Ihrough ld0•• and ft8 •nd don•UonJ. l¥w16 arrtl ffn•ndal h¢8Kh Ire rnbl8wed lorrn8ly by Twsl•e jnnum. and by a nomhol TnJ$l•• VA l• nc4 lh& Chaliman, n1hty, Fkn8th1 $1otsmtrnl9 81• piépafed ondartrjlaled to #ll T88 mDnlNy. T8 U6¢olfjmdi1g ag1¢ by Ihe Tnwt••4 (aquonJmol(Wf l• reqltr T•• trtl¢• p¢r ONWM. FuDd8 •r• on A quartorlybasl& a1e bylhecthalmwn. Fr¢ tfmo lo tlm•. nYJn]gs loc•ed Iw puoose••.g. lor thi wppryl ofA partbjj•rml$onary. ThBI monl•1810 Idenllfi4d otth8 lkn• ofrec•fpl. •rrtJ•M 8CJ>Mted (of $trparo1&ty and ar0dbUIled gLwd&wly. InclL¢llon •ndtrelnl0fIM8Ios Fwm tr¥nlng OfTnlIe¥ li prthjed M •n'w bath. ihe gu5danr and oxporl•r*4 01 rf¢ wo1 •wov•d bylhe 8owdolTh•loM. Tru•l•• 2f
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED I report lo the Iru81¢08 on my exomln8llon ol lh& Ik)andal stalom8nl8 ol Tho Inlernauonal Communlty Church Foundallon Llrnlled Ilh6 charfty) Iw tho yèar endod 3108cfjmber 2024. R•8pon8lblllllo8 and b8118 ol roport AS Iha Iwslee$ of Ihè ¢harlty (and also 11$ dlr8Ctof$ for the purposes ol company law). you are r8sponslblo for tho weparallon of ¢hg lln8nGlo18181emonls In 8ccoance wlth th8 reqvlrem8nts of iho Comp8nlesAcl 2006, Hovlno $aUsft•d my88lf that Iha Ilftanclèl $lat¢mènls of Ihe charlty 8Te not requlrod lo b6 8vdll¢d undor Part 16 01 ihg Comp8nles Acl 2008 and aro allgible for Indopendonl ox8mlnaUon. I roport In resp1 ol my 8xemln8llon of lh& ch8rfiY8 nancIal sl818m&nls canted out under secllon 145 01 th8 Ch8rlU08 Act 2011. In carlng out my examln811on I hav8 lollowed Ihe Olreclbns olven by th8 Charlty Comm18sloft undDr iecllon 145IGXb) ol the CharfllosAd 2011. Ind•pendont •xamln•f• 8tatsm•nt I hav8 complèled my èx8mln8Uon. I conffim Ihat no matt816 havo ¢om8 to my allonllon In connocllon wmh tho exomln8llon glvlng Me cav$e lo bo118va Ihal In any malbrfal TeSPOCI'. 8c¢ounUng record8 W8f8 nol k•pt In r8spèci ol lh8 charlty 88 r8qulf8d by 60ellon 388 ol Iho Compan1&8 Acl 2006. th8 finan¢F8181•lement8 do nol 8ttord wilh Ihoga r6eord8; or th8 Iln8nelal 81at8mants do not c<¥npty wlih Iha afxxunllng r8qulrnm6nl8 0186cUon 396 01 Ihg Compan188 Acl 2008 olh8r Ihan any fequlremenl thal Iho fln8nd&l 81alomonts glv6 a IN8 and (alr vl8w. whl¢h 1$ not a malhr consldèied 88 p811 of an Indop8nd6nl 8xamlnallon: Of the Iln8n¢lal 81al8m8nl8 hava not b88n preparnd In ac4x)rd8nco wllh Ihg m&lhod8 and prfndpl88 of Ih 81alemanl of RerArymmertdéd Pracll¢4 for actt)unllng and reporttng by chArfII85 8ppIIc8bl8 lo ¢h8rllles prepailng Iholf flnénclal slalèm8nls In accfjrdanco 1h lh& Flnandal Reportlng Sland8rd eppllc8blo In tho UK and Repvblk ¢1 Iro18nd (f RS 102). I hav8 no C¥)n¢•m8 fjnd hav8 C¥)mo 8rAO$8 no olhef molle18 In nn•¢{lOn wllh Ihè oxemlnallon lo whlch allenllon 8hovld b8 drawn In thls réport In order lo enable a piopor U181819lng ol Iho fln8nd8181818m8nl8 lo bo f•Aehèd. Hazol Day Xelnadln Nlghllngale Hou$? 4848 EgBI Slreel Epsom Sufrey KT17 1HQ Dalo..
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED STATEMENT OF FINANCIALACTIVITAES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrfjotrlcted R•8lil¢t•d funds funds 2024 2024 Total Unrètslrl¢tod R88tTlcl•d fund8 lund8 2023 2023 Total 2024 2023 Not•¥ In¢omo endowment¥ from: Donallon8 and Glft èkl Invoslmon18 Other Incomo 216,090 6,954 13,243 229,333 6,954 205.347 4,714 40 25.09 230.437 4,714 40 Tolal Incomo 223.044 13,243 236,287 210.101 25,090 235.191 Expondlturo on: R81glng funds Ch8r118blo 8clJvi11g8 2,630 294,315 2,830 318.164 3,177 198.345 3.177 233.771 23.849 35,426 Total expondlture 296.945 23.849 320,794 201.522 36.428 236.948 Ngt •xp8ndllur• (73,901) (JO.606) {84.507) 8,679 (10.330) (1.767) Tran8ler8 bèhw8n rund8 {10.606} 10,606 (4,418) 4.418 Nèt mov•m•nt In fund• (84,507) {84,607) 4,161 (5,918) (1,767) R•¢on¢lllallon of fundi: Fund balon al l January 2024 369,650 369.650 355,389 5,918 361.307 Fund balan¢•• )131 D•¢embor 2024 276,043 276.043 359,550 359.550 The 81olemenl ol linenclel a¢Uvllles Indud8J all galns and108808 re¢wnlsed In Ihe yeBr.All Incom• and expandllufe derlvè Ifom conllnulng a¢llvlllo$, The notes on pag¢s 7 to 12 lorm p8rt ol Ihgsfr financlal 8lalem8nf&
THE INTERNATIONAL COMMUN CHURCH FOUNDATION LIMITED BALANCE SHEET AS A Tg1 DECEMBER 2024 21124 2ts2J Not•• D8blors Coth 911>onk knd In harbd 12 8.490 518,382 432,915 442.705 524,872 Crodllom.. •mount• lalllny wllN OfLO y••r 19 1187.722) {165.3221 N•1 4tsrf•nt4•••t• 276.043 359.660 Tli4lynd• of Ih•¢h4rfty Sh•r6 Unioilrfcl•dfund• 100 359,460 14 274,943 276.013 359.SSO Th• MI•iMp¥911 7 to 12 lonnwrtolthm fiDlOI 6t•l•m•nl•. lTh• ¢•)mpany 1$ Trniivoo lo lh• •x•mpUon from Ihg oudrf i•wli•Thnl c•nthtnedln 4acikM477 of th• Comp8ftlfjiAcl 2006. f¢f iho y¢8rJbS•d 31 t)ec•mbvr 2024. Thè dtredor• 4¢kntrthfg• Ihfjlr rn8ponslt4th5 fot Cfrtplykn9 1 th• ol I ¢ompwl• Ad 2QQS th rèspod lo Ncordl 4nd th•pr•w•¥t)n olfinalld •l•l•JMrtts. Th? M•m ha nol iequlr•dlh• Qxbwny 10olA•kn an a11 olll• finawJ•l 818t•rtMnl• ftsrth•y••r k¥qu•sikn 8c<4rdBnc8wlh M¢ilon476. Th••• $lalwn•rt• hav• be•Tr wwr•d In AC•xdonc• Ihg •ppfMt41 lo compan1 •ubJecl lo th• Offl1 c¢¥npanl•8 1•ghibo, mMl• w•r• •pwov•d tythe Im•te•i on....... ..... -..... Corripany rtylilrnllon nwnbef 04938573 IEngfJThl aTWaI•&I
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlnu pollcl•# Charlty Informatlon The Inlorn8Uon81 Communlly Chufch Foundallon Llmliéd 1$ a pr[ ¢ompany Ilmlled by 8har88 Incnrporaled ITr England and Wal88. Tho re9181eied offlco 18 Nlghllngalg Houae. 46.4B EB81 Slreel. Epsom. Surrey, KT17 1HQ. 1.1 A¢oounllng conventlon Tho llnAndAI sial¢monl$ have begn propargd In acuJrdanc6 w51h th8 Charflrfs governlng documenl, tho CompBnle8 Aol 2008, FRS 102 Yhe Flnanclal Repon9 SlandArd appllcablo In tho UK and Republlc of Ireland. and tho Ch?rtlles SORP "Ac¢ounlln9 and R8portlng by Chortlles.. Slalemonl ol Recommonded Pracllce oppllc4blo lo charfU8s pieparfng Ihglr aco)unl$ In a(xordance 1h Iho FlnBnclal Reportlng St8fMIo appllcabl8 In the UK ond R8publlc of11gland (FRS 102)" Thè ch8rity1s 8 Publlc Benefll Enllty as d8nn&d by FRS 102. Th& ¢harily h8$ lakon a(fvanlage of Ihe provlslon8 In Iho SORP lor ch8rllleg Th)1 lo prop8ro a st81em&nl of C48h flow8. Th8 financlal slelemen18 ar8 propaied In 8IDrllng, vknl¢h 1$ Ihg lunc1181 eurioncy of lh8 charfty. Monètary amounis In lh8s& fin8nctal 818iemeni8 Bm rounded b th8 n4are8t £. Tho flnan¢lel $181ement8 hpve boen prepamd under Ihg h181ortoal conv8nUon. Th8 prlnclpal éceounllftg polic188 adopted ar8 sal oul below. 1.2 Oolng ¢on¢orn Al the Ilmo ol aPpTong Ihè Itnancl&l 8lalemon18, Ihg Im8lo•8 hav8 8 roa8onabl8 expeclallon Ihal Ihe chailty haB ad8qua18 rosourc08 to conllnve In owTallon81 1318 lor Ihe lore8ee8blg luluro. Thu$ Ihe truslea nllnu$ lo odopl Iho golng Mncom ba$1$ of aeo)untlrtg In preparfn9 Ihe finandal stalem&nls, 1.3 Chirllabl• fund$ Unre81flcled lunds 8re 8v8118bl8 lor u89 al Ihe dlBcT&llon ol Ihg Iw81888 In (urth8ranc* ol Iholr charflabl8 obleGUvoS. Reslrfcled fund8 •fO 8ull6cl lo 8p8elllc condSlton8 by donor8 or gr8nlor8 88 lo Iiow Ihey may bo 8. Th8 purp0808 and uses of the r081flcled fund8 aro 881 In the ft0108 lo the Ilnand818tstemenl8. 1.4 In¢ome Inme10 reccgnlsed when th? Chorfty Is18gally ¢nlKled lo It after 8ny perforfflan (y)ndlllon$ have bpon mel, Ihg amount8 ¢8n b8 meg8ur8d rèll8bty, and11 Is prob8ble Ih81 Income wlll be r8¢olved. Co$h don811on$ are recoonlsed on rncelpl. Olhor donauons afv fée4)onl8ed onc• lh6 charily has been nolllled of the donallon. unl8ss p8rfOrm8n eondllion$ reoulre d8f8rral ol the amounl. Incom8 lax racov8rAblg In relallon lo donalon6 fg¢elved undorGIftMd or d88ds olcoven9nl 1$ rnoJgn188d 81 Ihe Ilme of Ih8 don8tlon. 1.5 Exp8ndllur• Ll)blllUes are rewnl$¢d os oypendlture a8 soon as ther615 81égal or conslfucllve obllgauon commltllng lh8 8rlly io that 6xpgndilure,111s PTob8blg Ihal B Iransfgrof oconornlc benefits wll be Tequire(J In 89111omÈnl and the amounl of Ihe obllgolk>n cpn be m88$uréd r¢ll8bly. Expendilur61s actounled for on an 8c¢ma18 b8919 and has b8en dos$in8d under hgadlngs that 8ggregale 811 cosl rela18d lo the cal890ry. Whore co818 C8nnol bè dlfB¢lly altslbuled lo partlcul8r hva(ilngB Ih&y havè beèn allocated lo aclMlle8 on a basls consl8lènl wIlh lh8 use of rosourc81. Gmnls ol(ered 8vblocl lo conditions whlch havè nol b8en mel al Iho ye8f end dale arè noted a8 o o)mmllm9nl bul nol 8ruued as exp8ndkura.
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENT8 (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlnu pollclo8 {Conllnvgd) 1.6 Tènglbl8 flxed a8891s Tanglblo fixed 095915 8re InlllaNy mè83ured al (X>818r gub8equ8rtty ffl88sured 81 co81 or v81uoll¢W, n81 of deprd¢latlon and eny Ifflp81mi8nl los$e8. Dèpréd&Uon1g rétA)gnI88d 80 99 lo writ• off thg Lxist or v8lu&llon ol 8860181065 Iholr rosldual ¥888 ovèr tholr useful Ilve5 on Ihe lollowlng base8: Flxlures and fftlin98 25% on o)81 The galn or1088 ad8ln9 on the dlsp0581 of an assel18 d81ermln•d 05 the diff8reneA belween the 8a18 proceods and Ihe Cang value ol the ass?1. and Is Tecoonl$od In Iho siaiom8nl of ffnand81 a¢bvlllo8. 1.7 Cash and ¢aih oqulvalent8 Ca8h and ca8h équlvalen18 Include c8sh In h8nd. dopos118 held al c811 wFlh b8nk8, olh8r 8hort.lemi Ilquld Inveslmonl8 wllh orlglnBI m8ludll8s of Ihfeo month8 01 Iosg. 8nd bank ovor(Iraft8. Bank ovordraft$ ero Shown wtlhln borfowlno8 In rAJTh6nl114bllMIos. 1.8 Flnanclal In•trumént• Tho ¢harlly h88 8t8cled 10 8pply Iho pro$10n8 of Sedon 11 '8a8lc Flnandal In81Nmenl8' 8nd Sectlon 12 'Olher Flnanclal In8liumenls188u&$' ol FRS 10210 81101118 IlnanrAo1 In$lrumenl8. Flngnclal Instrumgnlg ar8 reLwnlBgd In tha charW8 bolance 8heol whon the ch8rfty becom89 party lo tho c4n1raVel provlskn$ ol lh• In81fumènl. Flnondo1888e18 8nd118bl16119$ ore off601, wllh Iho n81 amount• ple81•d In Ihe fln8ndal 81#1omgnl8. when th810 Is o legalty enlor¢oblo rtghl to s•1 ofl Iho reco3nls8d amovnl8 and thgM18 an Inlenuon lo ieltlo on a n81 ba8lJ or lo rea118e th8 888et 8nd 89tt1o Ih8118blllty 8lmult8neou¥ly. 8081¢ Ilnoncl•l•sJg1• B881c fln8n¢lal a$$e18, whlch Inclvde deblors and cash and bank b818n(x8, are Inlllally measured él Ir8nsBcllon prico Including tr8nso¢llon wJl¥ ¥nd aro sub$gqugnUy rrfOd al amort188d co81 u8lng Ihe effeollv8 Intore8t melhod unf888 lh8 arrangomenl con6tSlules o nnanclNJ Iranga¢Von, whero Iho Ir4n$acllon 18 measl1r 81 Ihg pie80nl value of tho lulure recelpis dlscounled ai a maFkel talg of Inlgiegl. Flt7and81888èt8 e188s1ll ax rée8lvabl• wllhln on9 yvar are nol 8mOrtl88d. a4sl¢ nnan¢lollldblllll•8 Ba8lo Ilnane181118bllMi88, Indudlno Cfedllom and bank108n3 are Inli1811y rewlsed al Ironga¢lk)n prfc8 unlo88 Iho arrang8menl conslllule8 8 flnanclng Ir8n88Ctlon. whore Ihg dobl Inslwm?nl 1$ me86ured 81 Ihe presonl Yalu8 01 Ihe fuiuré paymen[& d18ccHJniéd al a fflarkol ralo ol Inleresl. Flnanclal Ilabllllles dasslfied 03 payable Ihln ono y88r are fiol emortlsed. Debt In81ium8n18 are 8ubsoquonUy earrtèd al amortlsed eos( uslng Ihtr effeclJv6 Inlereyl ratg rnelhod. Trade credllt)rn aro OblallonS to pay gcwd8 or BeVA Ihat hava boen acqulrèd In lh8 ordlnary couisfr of operallon8 from $uppller6. kniounl$ payable are cl85s1fl8d a$ ¢Ufr8nl IlabllEtl85 If paymont18 duo vAlhln one year or Igss. 11 nol. Ihoy ar8 piesenled as non.CUlfonl 11gbllttles. Tr8d8 ¢redlloT8 ar8 r¢togn18èd Inlllally 81 l¥an3acllon prfco 8nd sub8equ8nUy mggsuiod 01 afflvrfL8fjd cosl uslng lh8 offecllve Inlèm81 m8lhod. D•r8cognlllon of Ilnanclelllabllllle¥ Flnan¢l81 Ilab5111185 Brg d8Focognlsed whgn Ihe ch8W8 contraclu41 obllgollons Ox[9 or are dlÈch&rged or cancellad.
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• fram donallons ond glft ald Unr¢8lrl¢tod R4$tfl¢lod lunds funds 2024 2024 Tot&1 UnTaslrlcled RèBtrlot•d lund$ fund8 202a 2023 Total 2024 2023 OonalSon6 end 01ft8 216,090 13,243 229,333 205,347 2&090 230,437 Incom8 Irom Invfj#tmènl8 Unr•¥lrl¢lod Unro8trlGl#d fund$ lund$ 2024 2023 Inl8fesl rerArylv8bl8 6.954 4,714 Othfjr In¢om• Urtreltrloted Unra•tilol•d fund• fund• 2024 2023 Olh8r In¢orno 40 Expvndllurg on ralllng funds Unr•8lrlcl•d UThro¥lrlo19d fund fund8 2024 2023 Fundralslng and publlclly G¢Yorn8nc8 cos18 Support ¢o¥l$ 2,400 230 2.400 777 2.630 3,177
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ExpAndlturé on eharltablè actlvltlo ICC Ml88lons 2024 2024 Total 2024 ICC Mls$lon5 2023 2023 Tol#l 2023 Dlrect cost8 Tradlno operallons Mlsslons opeTallon$ 284,316 294.316 23,049 198.345 198,345 36,426 23.849 36.428 294,315 23.849 318.164 198,345 35,426 233,771 An41y410 by lund unlestrlel funds R&slrfcled fiJnd8 294.315 294.315 23,849 198,345 198,345 95,428 21849 35,426 294.316 2&849 318.164 198,346 35,428 233,771 8upport ¢08t• allo¢at•d to aotlvltl•g 2024 2023 Insuronca Du08 and 8ub8c4IpiionB QovofnaroA c¥)8t8 230 230 647 2,400 2,400 2.630 3,171 Analy8ed b•hv••n: Fundralslng 3.17T Net movem•nl In fund• 2024 2023 Thg ng1 mov8m8nl In fvnds18 81aled after chargi{cdI1ln9). Fee8 Payoble for tho Indopendenl examln8llon ol lh8 charlV8 Iln8ndal 8t8l¢mgnts 2.400 2,400 ThIBIè•B Nono of Ihg Iruslee8 (or any p8r80m (xinneoled Ihem> rtcelved ony remunorauon Ix benefi18 from Ih ch8rlty durfng Ihe year. Th8Ta were no InJ81ee8' 8XP8ns•$ pald lor Iho yaar èndéd 31 Dec¢mb8r 2024 nor loi th8 y8ar ended 31 Docembor 2023. 10-
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employ•&B The av8rog6 monihty numberol employe88 dwbvJ the yoar wa6". 2024 Numb•r 2023 Numb•r Talal There wère no employe89 wh088 8nnuo1 remunomuon wo8 llK)re Ih8n E60.(NJO. 11 TtIOn The chaAty18 oxornpt from laxallon on b 8cllvlllos bacause 011 Ils InMlS 8pplled lor chaiit8bl8 purpo8$8, 12 Dobtor• 2024 2023 Amoun1$ falllng dua wllhln on• y•aT: Olher deblors 9,860 8,490 19 Crodltor¥: •mount8 f•llln9 du• wllhln ono ygjr 2024 2023 Amounts owod to leltow group undortoklngg 167.722 165,322 14 Unr•otrloled fund• Tha unresldclod funds of Iho ¢hartty comprl$e the unexpend&d b81ancos of donauons and oranla whlch ar8 not 8ublecl10 8peclflc c4)ndlltons by donois and gianlor8 as lo how Ihay May b& u66d. Th8S6 Include dgslgnaled lund8 whFch hav8 bg8n 69198lde oul ol unfOStrfcted lund8 ty the (w8lee8 for 8po¢lflc purpo8e8. At 1 January 2024 Ineomlng R680ur¢•• r•Aour¢o• •xpended Tran•for• At31 Dgcembor 2024 G¢neral Fund$ 359.450 223.044 1296.945) {10,608) 274,943 Pr•vlouB ygar.. At 1 Janu8ry 2023 Incomlng Rgsourcg8 rnsources expended TrJn•fer8 At31 Do¢gmbor 2023 General Fundy Qeneral lundj 355,289 210,102 (1} {201.523) (4.4181 359.450 355.289 210.101 (201,522) <4.d18) 359,460
THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Relal•d plrty tron•AGflon8 Th9re woro no dlselosablè rèlaled pArly Iransaclton¥ during Iho yoor {2023- nona). 12-