# **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| 2 ## **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 3 ## **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 4 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 peo￿8 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 Chr*tsn religh￿ fty ofthe rMJtrA The ICF 15 ¢ommitte(I to the Great C(xr¥niwon of Mt 28:1&20. In eVa￿ell$ti¢ outreach to. and dwFA¢ry of Iranians and (Iber naiB)naityes. firsuy in tl* UK al￿ Eurw arxj ebthyhere in the wc*ld, In ¢￿IrMat￿m wth others of like wson. In pUrSua￿e of these obpcts¥es we ha¥e weekty, eStatrAts￿ Cmjrch Kketiry. &'t48 Teaching. Prayer. Sunday S¢hfy)I, CcAJnselling, and Worship MeetsrvJ& Trustms ROsp￿ibIli1lO5 The trustees are ￿k*)nSIl￿e for we￿rry the Tnssiees. Rerrf( aThY ￿ finarwl ststements in arLordance wrth ap ￿lCal￿e Law Generalty Acceptfjd knLMJrW Prirvkkn IGWI lThY[￿1r￿ Financial Reporting Standard 102.. The Financrdl Rew1iNJ Standard applioxtlè in th¢ UK aThJ of IrdaThJ (Unrted Generally Accepted Accwntiry PraL*el. The Charibe5 Act 2011 requwe th8 trustees to [K￿re *atements for each finarKsal year whKh give a true and fair View ofth& stste ofaffairs of Ihe ao ar¥J of Ihe Su￿U5 CIO tr tha¢ (wifyj. In ￿epari￿ tmse financi statements the trustees are r￿￿￿ed i¢*: ect surfat* a¢cwnting aptty (￿￿$ten￿r. ObseNe the mettKMY$ aThJ pri￿4)￿$ in the Chariw SORP: Makeju*ements and estimates that are reasonatAe and WLk1ent Stste whetkw aFWraNe UK Acc(xJnliry S¢arth¥¢ts have fcdky*d. 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 e￿sterth. The tru*ees a￿ ￿￿nsible keeiyng 5uffwrt accamtiry Tecords that ¢j￿Ck>¥e with reasor*tAe awracy at any time Ihe Finantsal of Ihe chwity a￿j ena￿e them to ewre Ihat the fir*wl ststements ¢omrAy with the char￿eS Act 2011. the Chanty (Attounts and ReKMxtsl ReguLati(wts 2008 aNJ the K*OViShY)s of Ihe Govem1￿ DrA￿lMenL ar8 also re5[M)rFl￿e for 5afeguardirvJ a55ets of Ihe chBrty f￿ taknNJ wg)nablÈ steps for the prevention and deteCt￿n of fraud and other irregl￿ar1lle￿ Approved by the Trustees cffi.......................10-...kn........L.O ttha￿by 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. 6 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 AS￿15 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 l*ts"Ibl*s 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. 8 ## **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 9 ## **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**| |---|---| 10 ## **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**| |---|---| 11 ## **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. 12