# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **IRANIAN CHRISTIAN FELLOWSHIP** **CHARITY REGISTRATION No: 1112074** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **IRANIAN CHRISTIAN FELLOWSHIP** ||**CONTENTS**| |---|---| |Page 3|Legal and Administrative Information| |Page 4|Independent Examiner's Report to the Trustees| |Page 5|Trustees' Report| |Page 6|Statement of Financial Activities| |Page 7|Balance Sheet| |Pages 8 to 12|Notes to the Financial Statements| ## **IRANIAN CHRISTIAN FELLOWSHIP** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1112074 **DATE OF REGISTRATION** 16th November 2005 **START OF FINANCIAL YEAR** 1st January 2022 **END OF FINANCIAL YEAR** 31st December 2022 **TRUSTEES AT 31ST DECEMBER 2022** Dr Charles Gogbashian Mr Malcolm Steer Rev Samuel Bazmjou Dr Mehidad Fatehi Rev Mansour Borji The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument. **LEGAL STATUS** Unincorporated Entity **GOVERNING INSTRUMENT** Constitution Adopted 26th November 1964 as Amended on 11th September 2005. ## **OBJECTS** To advance the Christian Religion for the benefit of the public in accordance with the Statement of Faith set out in the Constitution. **CORRESPONDENCE ADDRESS** 158 Sutton Court Road London W4 3HR **PRIMARY BANKERS** Barclay Bank Plc 1 Churchill Place London E14 5HP ## **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Rewrt to the truste861 mèmter5 of the Iranian Christian Fellov**tiP the accounts for the year ended 31st December 2022 $8t out on pages 6 to 12. R8sp8ctl¥e r•spon￿bIlItI•9 of tru8to08 and •Jr•mln•r Tho organi5ation's trustees are reSpM$itr￿ for w￿ratIon of the ￿lJnts. The organisab"on's trust￿ consider that an audit is not r￿uIr￿ for this year under the charit￿ Act 2011 8n¢J that an irKleperKlenl examination is needed. It Is my re$ponslblllty to: ' exami￿ thè Iccounts lunder ￿tion 4313118) of the Act. as arnended).. . follow the procedures laid dts￿ in Ihe General Thr￿tIO￿ giv¢n ty the Charty Commissioner5 (under ¥ection 4317llbl of the Act. as amondodl.. and ' slate whether partKukgr matters hav& io my atten1K￿. Ball• ol Ind•￿nd￿nt g￿rnIn￿• •tst•m•nt My gxamlnatlon was carri•d OLrt in accordance vthh o￿tior￿ givgn by the Charlty Commis$iontrs. An examination includ8s a fgvigw of the accounting records kept by th& org8nwik)n and a comparison of the accounts presented with those records. It also indth con5ideratw of any unusual It8ms or disrJ05ur8s In the accounts. and seeking explanations fvom Ihe trustees conceming any su¢h mattets. The pr¢xedures undertaken do not Pfovide all thè evidence that would bo f8qulrgd in an audrt, and consequentty no ¢)pift￿n is gNen as to vthether th6 acLounts prèsènt a 'true and falr y￿w, and thg r¢port Is limited to Ihose maitws 8•t out in the stslement below. Indop•nd•nt •xamln•rf• •tst•m•nt In ￿nn8￿On wllh my &xaminalkJn, ￿ matter ha$ to my attention.. whlch glves m& reasona￿ Cause io believe that In any Mala￿al respect the requirement5: . to keep accounling records in ¥¢Ordan￿ ￿th seclion 41 of the 1993 Act,. and . to prepare accounts which aG¢cY(I wth the ￿c￿ntIng records and comply w￿h the accouniirvJ requirements of t￿%1¢1 have not been met: or 121 to whlch. in my opinion, attenlion shoukl be dravm in order to en8lJe • rrfoper understanding of the accounts to be reached. K. Collaku MAAT Castle Wew Accounting Ltd New Barn Mudberry Lane 808ham Chichester West Su8se¥ PO18 8TS Date.. 71h July 2023 IRANIAN CHRISTIAN FELLOWSHIP TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022 Tho ICF Is a commtsnily of God'6 pooplo. the purpo6e ol which ie wor6hip, falkJwBhip and d*¢iplo&hip ol p¢)oplo (Church). mosiiy of Iranvan orwJin but also ofother natK)Da1￿eS that relate to tkc(Th8 a genuir* part of ICF. The Object of the ICF i* to advarte ihe Chrvstian re￿dIOn forthe benefft olthe pu￿￿. The ICF Is committe(I to the Great C(*nmtswon of Ml 28".19-20. In evangelistic outreach to. and disciJing of Iranians and other nationalities. firsity In ir* UK, and IW Europe aryy dsewhere In th&w￿￿1. In Cooperat￿ with olher5 of like vision. In pursuance of these objeciives we have W&￿y. e5t*Ysh8d Church MeelKig5. &'bk Teaching. Prayer. Sunday Sch2d. Counselling. and Worship Meetirg Tru5teo5 Responsibilities The Charilie5 Act 2011 requir8 the tru5t8e5 to prepare finarKial statements ¢a¢h financial year whKh give a true an fair view ol the 51ale of affair8 of th8 trust ancl ol $urplu$ of the trust ts that period. In prep8nng tlK)se financrdl s1è1om' fjls the Irusiees ar6 reqU￿e**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations & Legacies
**3a**
Investment Income
**3b**
Other Incoming Resources
**3c**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**NET INCOMING/ (OUTGOING) RESOURCES**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022**
**2021**
£
£
£
£
78,991
-
78,991
58,744
36
-
36
-
912
-
912
4
**79,939**
**-**
**79,939**
**58,748**
80,136
-
80,136
42,872
850
-
850
750
**80,986**
**-**
**80,986**
**43,622**
**(1,047)**
**-**
**(1,047)**
**15,126**
71,168
-
71,168
56,042
**70,121**
**-**
**70,121**
**71,168**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 8 to 12 form part of these financial statements. 6 IRANIAN CHRISTIAN FELLOWSHIP BALANCE SHEET A.q AT 21ST DECEMBER 2022 UnrestricteLI Restricted Funds FuThYs Total 31-De¢-22 Total 31.DÈc.21 Notes Fixed Assot5 Tangible Assels current Assets Debtors & Prepayment$ Cash al Bank and In Hand 35.831 41.136 35.831 41.136 33,716 45.023 Total Current Ass•ts 76.967 76.967 78,739 ¢iedltor%'. Amounts fallirrfj due wrthin year 7.571 NET C￿.RENT ASSETS 70.121 70.121 71.168 TOTAL ASSETS less curTent liaNrt*s 70,121 70,121 71.168 Cr¢dltor$.' LoThJ Term L￿￿'1￿'t$ NET ASSETS 70.121 70.121 71.168 Funds of the Charity General FunJs Resiricied Funds 70.121 70.121 71.168 Total Fun4$ 70,121 TO,121 71,1GO Approv&J by the Twslees on the .............. Signed on their behaw by Tru$tee. Prinled Narn8'. ## **IRANIAN CHRISTIAN FELLOWSHIP** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 8 ## **IRANIAN CHRISTIAN FELLOWSHIP** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Support Costs**_ Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage. ## _**Fixed Assets**_ These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## **2. TANGIBLE FIXED ASSETS** The Charity held no tangible fixed assets or investments during this or the previous financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2022: None 31st December 2021: None 9 ## **IRANIAN CHRISTIAN FELLOWSHIP** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **3. INCOMING RESOURCES** |**a) Donations & Legacies**
Gifts, Tithes & Offerings
Gift Aid Tax Refund
**b) Investment Income**
Interest
**c) Other Incoming Resources**
Sundry Income|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022**
**2021**
£
£
£
£
71,787
-
71,787
45,145
7,204
-
7,204
13,599
**78,991**
**-**
**78,991**
**58,744**
36
-
36
-
**36**
**-**
**36**
**-**
912
-
912
4
**912**
**-**
**912**
**4**| |---|---| ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Equipment Costs
Gifts, Tithes & Offerings
Insurance Costs
Meeting Costs
Ministry Expenses
Sundry Expenses
Staff Costs
**11**
Telephone Costs
Travel & Hospitality
Utility Costs
Website Costs
**b) Governance Costs**
Independent Examiner's Fee
**8**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021**
**2021**
£
£
£
£
400
-
400
372
36,237
-
36,237
13,127
2,117
-
2,117
1,995
148
-
148
558
8,337
-
8,337
7,101
11
-
11
85
30,584
-
30,584
16,289
-
-
-
1,094
514
-
514
315
1,788
-
1,788
1,148
-
-
-
788
**80,136**
**-**
**80,136**
**42,872**
850
-
850
750
**850**
**-**
**850**
**750**| |---|---| 10 ## **IRANIAN CHRISTIAN FELLOWSHIP** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **5. RESTRICTED FUNDS** The Charity held no Restricted Funds during this or the previous financial period. ## **6. CASH AT BANK AND IN HAND** |Cash at Bank and in Hand
**7. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
41,136
-
41,136
45,023
**41,136**
**-**
**41,136**
**45,023**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
35,831
-
35,831
33,716
**35,831**
**-**
**35,831**
**33,716**| |---|---| ## **8. CREDITORS, ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiner's Fee
Sundry Creditors|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
850
-
850
750
5,996
-
5,996
6,821
**6,846**
**-**
**6,846**
**7,571**| |---|---| ## **9. CREDITORS - LONG TERM LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilities during this or the previous financial period. ## **10. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**31-Dec-22**
**31-Dec-21**
£
£
£
£
-
-
-
-
70,121
-
70,121
71,168
-
-
-
-
**70,121**
**-**
**70,121**
**71,168**| |---|---| 11 ## **IRANIAN CHRISTIAN FELLOWSHIP** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **11. STAFF COSTS AND NUMBERS** |**TOTAL**
**2022**
**£**
Gross Wages and Salaries
27,846
Employer's National Insurance Costs
1,850
Pension Contributions
888
**30,584**
Employees who were engaged in each of the following activities:
**TOTAL**
**2022**
Activities in furtherance of organisation's objects
2|**TOTAL**
**2021**
**£**
15,000
839
450
**16,289**
**TOTAL**
**2021**
1| |---|---| The organisation operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2021:None) ## **12. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them (2021:None). ## **13. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **14. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **15. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 12