ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
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 |
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IRANIAN CHRISTIAN FELLOWSHIP
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1112074 DATE OF REGISTRATION 16th November 2005 START OF FINANCIAL YEAR 1st January 2023 END OF FINANCIAL YEAR 31st December 2023 TRUSTEES AT 31ST DECEMBER 2023 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
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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees/ members of the Iranian Christian Fellowship on the accounts for the year ended 31st December 2023 set out on pages 6 to 12.
Respective responsibilities of trustees and examiner
The organisation's trustees are responsible for the preparation of the accounts. The organisation's trustees consider that an audit is not required for this year under the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 43(3)(a) of the Act, as amended);
-
follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the Act, as amended); and
-
state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements: · to keep accounting records in accordance with section 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
Date: 18th June 2024
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IRANIAN CHRISTIAN FELLOWSHIP TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 The ICF is a communty of GrKfs FwAe. the of whth 15 ry5hip. fdk)wship aThJ dis¢ipleship of peo8 Ichurchl, mostty of Irank3n orpain tyjt s0 of other nathThlthes that relate to arwj part of ICF. The Obie¢t of1he ICF is •fvarts the Chrtsn religh fty ofthe rMJtrA The ICF 15 ¢ommitte(I to the Great C(xr¥niwon of Mt 28:1&20. In eVaell$ti¢ outreach to. and dwFA¢ry of Iranians and (Iber naiB)naityes. firsuy in tl UK al Eurw arxj ebthyhere in the wcld, In ¢IrMatm wth others of like wson. In pUrSuae of these obpcts¥es we ha¥e weekty, eStatrAts Cmjrch Kketiry. &'t48 Teaching. Prayer. Sunday S¢hfy)I, CcAJnselling, and Worship MeetsrvJ& Trustms ROspibIli1lO5 The trustees are k)nSIle for werry the Tnssiees. Rerrf( aThY finarwl ststements in arLordance wrth ap lCale Law Generalty Acceptfjd knLMJrW Prirvkkn IGWI lThY[1r Financial Reporting Standard 102.. The Financrdl Rew1iNJ Standard applioxtlè in th¢ UK aThJ of IrdaThJ (Unrted Generally Accepted Accwntiry PraLel. The Charibe5 Act 2011 requwe th8 trustees to [Kre atements for each finarKsal year whKh give a true and fair View ofth& stste ofaffairs of Ihe ao ar¥J of Ihe SuU5 CIO tr tha¢ (wifyj. In epari tmse financi statements the trustees are red i¢: ect surfat a¢cwnting aptty ($tenr. ObseNe the mettKMY$ aThJ pri4)$ in the Chariw SORP: Makejuements and estimates that are reasonatAe and WLk1ent Stste whetkw aFWraNe UK Acc(xJnliry S¢arth¥¢ts have fcdkyd. subp¢t lo any material departures discks%d arKI exFtsined in finanoal statew Prepare finarrial statements on the g( e$S r( is inarvopnate to presu that the CIO wll contlnue in esterth. The truees a nsible keeiyng 5uffwrt accamtiry Tecords that ¢jCk>¥e with reasortAe awracy at any time Ihe Finantsal of Ihe chwity aj enae them to ewre Ihat the firwl ststements ¢omrAy with the chareS Act 2011. the Chanty (Attounts and ReKMxtsl ReguLati(wts 2008 aNJ the K*OViShY)s of Ihe Govem1 DrAlMenL ar8 also re5[M)rFle for 5afeguardirvJ a55ets of Ihe chBrty f taknNJ wg)nablÈ steps for the prevention and deteCtn of fraud and other irreglar1lle Approved by the Trustees cffi.......................10-...kn........L.O tthaby Trust00..................................................................................................................... Prntwj Narne.. nfrLCOLtrI ÉTtE(L
IRANIAN CHRISTIAN FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| Notes 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 2023 2022 £ £ £ £ 97,327 - 97,327 78,991 589 - 589 36 1,240 - 1,240 912 99,156 - 99,156 79,939 70,301 - 70,301 80,136 1,020 - 1,020 850 71,321 - 71,321 80,986 27,835 - 27,835 (1,047) 70,121 - 70,121 71,168 97,956 - 97,956 70,121 |
|---|---|
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.
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IRANIAN CHRISTIAN FELLOWSHIP BALANCE SHEET AS AT 31ST DECEMBER 2023 TOTAL 31.Det-23 31-Dx-22 Funds Fu$$ Fbxed Assots TangitAe Assets 1Y,081 80.034 19.081 80.034 35.831 41,136 Cash at Bank aThY in Ha Total Current AS15 99.115 99.115 Cr8dltiYs.' AnKJunts falSrvJ due within y 1.159 1.159 6.846 NET CURRENT ASSETS 97. 97,956 70.121 TOTAL ASSETS kn current lts"Ibls 97.956 97,956 70.121 Cr•dltors: Lw Temi babliti85 NET ASSErs 97,956 97.956 70.121 Funds of th• Charity General Funds 97 97.956 70.121 Total Funds 97.956 97.956 70,121 Awoved by the Trusteesry)................................. Sigrwl on their t*W bYTr ........................................................................................................ .... . Printed Name.. nftLLOLPI
IRANIAN CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
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IRANIAN CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
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 2023: None
31st December 2022: None
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IRANIAN CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
3. INCOMING RESOURCES
| a) Donations & Legacies Gifts, Tithes & Offerings Gift Aid Tax Refund b) Investment Income Interest c) Other Incoming Resources Sundry Income 4. RESOURCES EXPENDED a) Cost of Charitable Activities Conference Costs Equipment Costs Gifts, Tithes & Offerings Insurance Costs Ministry Expenses Staff Costs 11 Sundry Expenses Sunday School Telephone Costs Travel & Hospitality Utility Costs Website Costs b) Governance Costs Independent Examiner's Fee 8 |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 97,327 - 97,327 71,787 - - - 7,204 97,327 - 97,327 78,991 589 - 589 36 589 - 589 36 1,240 - 1,240 912 1,240 - 1,240 912 Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 7,905 - 7,905 - 1,621 - 1,621 400 21,661 - 21,661 36,237 2,252 - 2,252 2,117 9,288 - 9,288 8,337 20,271 - 20,271 30,584 451 - 451 159 1,211 - 1,211 - 240 - 240 - 538 - 538 514 2,369 - 2,369 1,788 2,494 - 2,494 - 70,301 - 70,301 80,136 1,020 - 1,020 850 1,020 - 1,020 850 |
|---|---|
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IRANIAN CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
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-23 31-Dec-22 £ £ £ £ 80,034 - 80,034 41,136 80,034 - 80,034 41,136 Unrestricted Restricted TOTAL TOTAL Funds Funds 31-Dec-23 31-Dec-22 £ £ £ £ 19,081 - 19,081 35,831 19,081 - 19,081 35,831 |
|---|---|
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-23 31-Dec-22 £ £ £ £ 1,020 - 1,020 850 139 - 139 5,996 1,159 - 1,159 6,846 |
|---|---|
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-23 31-Dec-22 £ £ £ £ - - - - 97,956 - 97,956 70,121 - - - - 97,956 - 97,956 70,121 |
|---|---|
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IRANIAN CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
11. STAFF COSTS AND NUMBERS
| TOTAL 2023 £ Gross Wages and Salaries 19,312 Employer's National Insurance Costs 336 Pension Contributions 623 20,271 Employees who were engaged in each of the following activities: TOTAL 2023 Activities in furtherance of organisation's objects 2 |
TOTAL 2022 £ 27,846 1,850 888 30,584 TOTAL 2022 2 |
|---|---|
The organisation operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2022: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 (2022: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.
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